http://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberDecember 31falsehttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberQ30001655050http://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#BankBillBenchmarkRateMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#BaseRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateBBSYMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://www.baincapital.com/20250930#BankBillBenchmarkRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#EurodollarMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#NorwegianInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#BankBillBenchmarkRateMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://www.baincapital.com/20250930#BankBillSwapBidRateMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#SterlingOvernightIndexAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#CanadianOvernightRepoRateAverageMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#EuroInterbankOfferedRateMemberhttp://www.baincapital.com/20250930#NorwegianInterbankOfferedRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember0001655050Investment AXH Air Coolers Acquisition Date 10/31/20232025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:MediaBroadcastingAndSubscriptionMember2025-01-012025-09-300001655050bcsf:HealthdriveMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:DirectTravelIncTwoMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2023-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:UtilitiesWaterMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 12/08/20252025-01-012025-09-300001655050bcsf:SumitomoCreditFacilityMember2024-05-200001655050bcsf:NearmapMemberbcsf:RevolverCommitmentMember2024-12-310001655050us-gaap:RetailMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Datix Bidco Limited First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/30/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Seven Standard Chartered 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable RoC Skincare First Lien Senior Secured Loan - Revolver Maturity Date 2/21/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.60% Maturity Date 8/22/20292025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DcBloxTwoMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050bcsf:SmartronixMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Parcel2Go First Lien Senior Secured Loan SONIA Spread 7.00% Interest Rate 11.70% Maturity Date 11/26/20312024-12-310001655050bcsf:ConsumerGoodsWholesaleSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FireInsuranceMembercurrency:EUR2024-12-310001655050Investment Lightning Holdings B, LLC Acquisition Date 1/2/20202025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Govineer Solutions (fka Black Mountain) First Lien Senior Secured Loan - Revolver Maturity Date 10/7/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Fiduciaire Jean-Marc Faber (FJMF) First Lien Senior Secured Loan – Delayed Draw Maturity Date 4/3/20322025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals RedMed Operations (Collage Rehabilitation) First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.16% Maturity Date 2/28/20312025-09-300001655050Non-controlled/Non-Affiliate Investments High Tech Industries Applitools Equity Interest2025-09-300001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.58% Maturity Date 3/10/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.93% Maturity Date 10/31/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.31% Maturity Date 10/2/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/16/20262025-09-300001655050bcsf:DCBloxFiveMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2025-01-012025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2023-12-310001655050Controlled Affiliate Investments Aerospace & Defense Gale Aviation (Offshore) Co Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% (1.25% PIK) Interest Rate 11.21% Maturity Date 8/3/2026 Two2024-12-310001655050us-gaap:FairValueInputsLevel3Member2024-12-310001655050bcsf:FireInsuranceMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Revolver Maturity Date 7/25/20302025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Dealer Service Network First Lien Senior Secured Loan Spread 5.75% Interest Rate 10.34% Maturity Date 2/9/20272024-12-310001655050bcsf:InterestRateFloorElevenMember2025-01-012025-09-300001655050Controlled Affiliate Investments Transportation: Cargo Lightning Holdings B, LLC Equity Interest2025-09-300001655050us-gaap:InvestmentAffiliatedIssuerControlledMemberbcsf:ServicesBusinessMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan - Revolver Maturity Date 3/25/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco BCSF Project Aberdeen, LLC Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 9.13% Maturity Date 4/1/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Learning Pool First Lien Senior Secured Loan SOFR Spread 4.18% (3.50% PIK) Interest Rate 12.51% Maturity Date 7/10/2028 One2024-12-310001655050bcsf:OtherGeneralAndAdministrativeExpenseMemberbcsf:AdministratorMember2024-07-012024-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:MediaDiversifiedAndProductionMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 03/10/20262025-09-300001655050bcsf:FireFinanceMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001655050bcsf:EasyIceMemberbcsf:RevolverCommitmentMember2024-12-310001655050High Tech Industries PayRange First Lien Senior Secured Loan Spread 5.25% Interest Rate 9.61% Maturity Date 10/31/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ServicesBusinessMember2024-12-310001655050bcsf:InterestRateFloorFourMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Duraco First Lien Senior Secured Loan - Revolver Maturity Date 6/6/20292025-09-300001655050Investment Electronic Merchant Systems Acquisition Date 7/12/20242025-01-012025-09-300001655050U.S. Dollar Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.67% Maturity Date 5/12/20282024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. First Lien Senior Secured Loan - Revolver Maturity Date 3/6/20282025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MinimumMember2024-12-310001655050bcsf:ConsumerGoodsDurableSectorMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-09-300001655050Controlled Affiliate Investments FIRE: Finance Legacy Corporate Lending HoldCo, LLC Preferred Equity2025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2024-12-310001655050bcsf:RoadoneMemberbcsf:RevolverCommitmentMember2025-09-300001655050Services: Business PRGX First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.49% Maturity Date 12/20/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:SubordinatedNoteInInvestmentVehiclesMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software First Lien Senior Secured Loan - Revolver SOFR Spread 8.10% Interest Rate 12.26% Maturity Date 9/25/20262025-09-300001655050Investment AQ Software Corporation Acquisition Date 12/29/20222025-01-012025-09-300001655050bcsf:AtsMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:InvestmentAffiliatedIssuerControlledMember2024-01-012024-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan Spread 10.00% PIK Interest Rate 10.00% Maturity Date 8/1/20272025-09-300001655050Investment Elevator Holdco Inc. Acquisition Date 12/23/20192024-01-012024-12-310001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2025-01-012025-09-300001655050bcsf:BccMiddleMarketClo2018LlcMemberbcsf:Notes2018OneMember2023-06-152023-06-150001655050bcsf:WalkerEdisonMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan SOFR Spread 7.00% Interest Rate 12.35% Maturity Date 2/15/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Investment WSP Acquisition Date 5/20/20242024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassBNotesTwoZeroTwoFive-OneNotesMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 11/10/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 5/19/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ Equity Interest One2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 5/27/20252024-01-012024-12-310001655050Investment Legacy Corporate Lending HoldCo, LLC Acquisition Date 4/21/20232024-01-012024-12-310001655050bcsf:InterestRateFloorTenMember2024-01-012024-12-310001655050bcsf:ControlledAffiliatedEntityMember2024-12-310001655050bcsf:AllworthFinancialGroupLpMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Metals & Mining Elevation NewCo Intermediate, LLC Equity Interest2025-09-300001655050Investment DTIQ Acquisition Date 9/15/20252025-01-012025-09-300001655050bcsf:FirstLienSeniorSecuredLoansMember2024-01-012024-12-310001655050bcsf:NafincoMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:S2025Q1DividendsMember2025-03-312025-03-310001655050bcsf:InvestmentHoldingMemberbcsf:ServicesBusinessMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/23/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Odyssey Behavioral Health Equity Interest2025-09-300001655050us-gaap:SubordinatedDebtMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.89% Maturity Date 6/18/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries HG Insights, Inc. Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment Jonathan Acquisition Company Second Lien Senior Secured Loan SOFR Spread 9.10% Interest Rate 13.43% Maturity Date 12/22/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.98% Maturity Date 11/5/20272024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050bcsf:SumitomoCreditFacilityMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Saturn Purchaser Corp. First Lien Senior Secured Loan - Revolver Maturity Date 7/22/20302025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Cloud Technology Solutions (CTS) First Lien Senior Secured Loan - Delayed Draw SONIA Spread 2.45% (4.55% PIK) Interest Rate 11.14% Maturity Date 10/17/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business E-Tech Group First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 4/9/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Aggregator Equity Interest One2024-12-310001655050bcsf:AllbridgeMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerSectorDurableMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorSixMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:BccMiddleMarketClo2018LlcMember2022-02-090001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco PPX Preferred Equity One2025-09-300001655050Investment BTX Precision Acquisition Date 7/25/20242025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Pharmathen First Lien Senior Secured Loan - Revolver EURIBOR Spread 8.68% PIK Interest Rate 10.75% Maturity Date 1/19/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 11.19% Maturity Date 2/3/2028 Three2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Services: Business Smartronix First Lien Senior Secured Loan LIBOR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/20282024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software Preferred Equity One2024-12-310001655050bcsf:Notes2019OneMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass Precision Concepts Parent Inc. First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.95% Maturity Date 8/2/20322025-09-300001655050British Pound High Tech Industries Access First Lien Senior Secured Loan SONIA Spread 5.00% Interest Rate 8.97% Maturity Date 6/28/2029bcsf:InternationalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberChemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.14% Maturity Date 12/22/20272025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberCapital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.63% Maturity Date 10/31/2029 One2025-09-300001655050bcsf:ETechGroupMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Parcel2Go Equity Interest2025-09-3000016550502018-11-182018-11-180001655050Non-controlled/Non-Affiliated Investments Wholesale SureWerx First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 12/28/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Fifteen Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 9/10/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/20/2031 Two2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan - Revolver SOFR Spread 5.75% Interest Rate 9.98% Maturity Date 5/31/20282025-09-300001655050bcsf:PrimePlusFivePointFiveZeroPercentageMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDus-gaap:AutomotiveSectorMember2024-12-310001655050bcsf:AerospaceAndDefenseSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorFourMember2025-01-012025-09-300001655050bcsf:InterestRateFloorTenMember2025-01-012025-09-300001655050bcsf:BankingFinanceInsuranceAndRealEstateMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment TCFIII Owl Finance, LLC Subordinated Debt Spread 12.00% PIK Interest Rate 12.00% Maturity Date 1/30/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries RetailNext First Lien Senior Secured Loan - SOFR Spread 7.00% Interest Rate 11.47% Maturity Date 12/5/20302024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 01/15/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/26/20262025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USD2025-09-300001655050bcsf:WalkerEdisonMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2024-12-310001655050country:US2024-01-012024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Morgan Stanley Settlement Date 11/10/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 9.15% Maturity Date 5/14/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 06/02/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.18% Maturity Date 8/22/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive Chilton First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.82% Maturity Date 2/5/20312025-09-300001655050country:IE2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 4/14/20262025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:CapitalEquipmentSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Summer Fridays, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 5/16/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.25% Interest Rate 7.25% Maturity Date 2/10/2032 One2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:AutomotiveSectorMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.25% Interest Rate 7.25% Maturity Date 2/10/2032 One2025-09-300001655050bcsf:Notes2.95PercentDueMarch2026Member2025-07-012025-09-300001655050Services: Business Orion First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.77% Maturity Date 3/19/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:FairValueInputsLevel2Member2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 6.51% Interest Rate 11.08% Maturity Date 5/14/2029 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Allbridge First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 6/5/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 4/23/20252024-12-310001655050bcsf:WealthEnhancementGroupWegMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/2/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 02/24/20262025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMember2024-01-012024-09-300001655050bcsf:ClassATwoNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:EnergyElectricityMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 9/16/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Learning Pool First Lien Senior Secured Loan SOFR Spread 4.18% (3.50% PIK) Interest Rate 12.51% Maturity Date 7/10/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 03/10/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment DiversiTech First Lien Senior Secured Loan SOFR Spread 3.76% Interest Rate 8.09% Maturity Date 12/22/20282024-12-310001655050country:LU2024-12-310001655050Investment BCC Trillium Foods Investments 1, LLC Acquisition Date 5/13/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/12/20252024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:MorrowSodaliMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/04/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Beneficium First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/28/20312024-12-310001655050bcsf:Notes2.55PercentDueOctober2026Member2025-07-012025-09-300001655050U.S. Dollar Services: Business Chamber Bidco Limited First Lien Senior Secured Loan LIBOR Spread 5.75% Interest Rate 10.12% Maturity Date 6/2/20282024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss Holdings, Inc. First Lien Senior Secured Loan - Revolver Maturity Date 5/6/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Accident Care Alliance Holdco LLC First Lien Senior Secured Loan – Revolver Maturity Date 8/20/20302025-09-300001655050bcsf:EfficientCollaborativeRetailMarketingCompanyLLCMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment Goodfellow First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 2/10/20322025-09-300001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 2/12/20252024-12-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Utilities: Electric KAMC Holdings, Inc First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.55% Maturity Date 8/1/20312025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Parcel2Go First Lien Senior Secured Loan SONIA Spread 7.00% Interest Rate 10.97% Maturity Date 11/26/20312025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:WarrantMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.68% Maturity Date 5/17/20292025-09-300001655050bcsf:SubordinatedNoteInInvestmentVehiclesMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassDRTwoZeroOneEightOneNotesMember2024-03-130001655050bcsf:PMAMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business masLabor Equity Interest2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TransportationCargoMember2025-09-300001655050bcsf:BeneficiumMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:HedgeFundsMember2024-01-012024-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 09/10/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Easy Ice First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/30/20302024-12-310001655050bcsf:SaturnPurchaserCorpMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 9/17/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.84% Maturity Date 10/31/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Precision Ultimate Holdings, LLC Equity Interest One2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:DuracoMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:FireFinanceSectorMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound FIRE: Insurance Margaux UK Finance Limited First Lien Senior Secured Loan SONIA Spread 4.75% Interest Rate 8.72% Maturity Date 12/19/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan - Revolver SOFR Spread 6.76% (0.252% PIK) Interest Rate 11.00% Maturity Date 8/16/20272025-09-300001655050country:IT2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConstruction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.22% Maturity Date 8/16/2027 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorSevenMember2025-01-012025-09-300001655050Investment ACAMS Acquisition Date 3/10/20222025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Duraco First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.94% Maturity Date 6/6/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 6.75% (0.50% PIK) Interest Rate 11.51% Maturity Date 12/22/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Environmental Industries Reconomy First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 8.25% Maturity Date 7/12/20292025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.54% Maturity Date 5/12/20282025-09-300001655050country:IE2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan - Revolver Maturity Date 8/7/20302024-12-310001655050bcsf:BeaconSpecializedLivingMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable First Lien Senior Secured Loan – Revolver Maturity Date 4/15/20322025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense ATS First Lien Senior Secured Loan - Revolver Maturity Date 7/12/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.26% Maturity Date 7/17/20282025-09-300001655050us-gaap:PrivatePlacementMember2018-11-182018-11-180001655050bcsf:FactsGlobalEnergyMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:SimplicityMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 1/28/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business AMI First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.69% Maturity Date 10/17/20312024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMemberbcsf:AnsettAviationTrainingMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 09/10/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan SOFR Spread 4.90% Interest Rate 8.89% Maturity Date 12/19/2027 One2025-09-300001655050bcsf:SensortowerMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBP2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050Investment Service Master Acquisition Date 7/15/20212024-01-012024-12-310001655050bcsf:TransportationConsumerMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:SurreyBidcoLimitedMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Precision Ultimate Holdings, LLC Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Abracon Group Holding, LLC. First Lien Senior Secured Loan - Revolver SOFR Spread 2.05% (4.60% PIK) Interest Rate 11.30% Maturity Date 7/6/20282024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:DiscoverySeniorLivingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment East BCC Coinvest II, LLC Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 10.98% Maturity Date 12/15/20252025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ContainersPackagingAndGlassMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business TEI Holdings First Lien Senior Secured Loan SOFR Spread 4.00% Interest Rate 8.00% Maturity Date 4/9/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 11.19% Maturity Date 2/3/2028 Four2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Services: Business Cube First Lien Senior Secured Loan - Delayed Draw SOFR Spread 3.00% (4.44% PIK) Interest Rate 11.45% Maturity Date 5/20/20312025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:WhitcraftParadigmMember2025-09-300001655050Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 7.00% Interest Rate 11.16% Maturity Date 12/16/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/6/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockOneMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2024-12-310001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Preferred Equity Interest Investment Vehicles2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.07% Maturity Date 3/10/20312025-09-300001655050bcsf:ClassbRSeniorDeferrableFloatingRateNotesMember2021-11-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 6.01% (1.00% PIK) Interest Rate 11.21% Maturity Date 8/16/20272025-09-300001655050country:DE2025-09-300001655050Investment PPX Acquisition Date 7/29/20212024-01-012024-12-310001655050bcsf:SumitomoCreditFacilityMemberbcsf:BorrowingBaseEqualToOrGreaterThanProductOf1.60AndRevolvingCreditExposureMemberus-gaap:EurodollarMember2021-12-242021-12-240001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.84% Maturity Date 12/29/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/27/20262025-09-300001655050Investment DTIQ Acquisition Date 9/30/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Opus2 First Lien Senior Secured Loan SONIA Spread 5.53% Interest Rate 9.49% Maturity Date 5/5/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 12/08/20252025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMemberbcsf:AnsettAviationTrainingMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.98% Maturity Date 5/31/20282025-09-300001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Subordinated Note Investment Vehicles Spread 10.00% Interest Rate 10.00% Maturity Date 12/27/20332024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Media: Advertising, Printing & Publishing Kpler First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.25% Interest Rate 9.63% Maturity Date 3/3/20302024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:PyramidGlobalHospitalityMember2024-12-310001655050bcsf:PharmacyPartnersMemberbcsf:RevolverCommitmentMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMemberbcsf:EquitySecuritiesThreeMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ISLPCreditFacilityTrancheBMember2022-08-310001655050us-gaap:ShareDistributionMember2025-02-270001655050country:KY2024-01-012024-12-310001655050bcsf:SumitomoCreditFacilityMember2021-12-240001655050us-gaap:SubordinatedDebtMember2025-01-012025-09-300001655050bcsf:HempzMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco First Lien Senior Secured Loan EURIBOR Spread 5.75% Interest Rate 7.79% Maturity Date 5/14/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Psychiatric Medical Care LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.74% Maturity Date 7/1/20322025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberChemicals, Plastics & Rubber Prince Ferro First Lien Senior Secured Loan SOFR Spread 4.25% Interest Rate 9.06% Maturity Date 4/23/20292024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan - Revolver Maturity Date 12/31/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Saturn Purchaser Corp. First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 10.49% Maturity Date 7/23/20292024-12-310001655050bcsf:WalkerEdisonMemberbcsf:FirstLienSeniorSecuredLoanRevolverMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050bcsf:SpotlessBrandsMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Investment Thrasio, LLC Acquisition Date 6/18/20242025-01-012025-09-300001655050bcsf:BCSFAdvisorsLpMemberbcsf:AssetCoverageRatioEqualTo200PercentMember2025-01-012025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:ConcertGolfPartnersHoldcoLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 03/10/20262025-01-012025-09-300001655050Controlled Affiliate Investments Investment Vehicles International Senior Loan Program, LLC Equity Interest Investment Vehicles2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorTwoMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/02/20262025-01-012025-09-300001655050Services: Consumer Owl Acquisition, LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.07% Maturity Date 4/17/2032bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Precision Ultimate Holdings, LLC Equity Interest2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 5/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas Equity Interest One2024-12-310001655050bcsf:Notes2019OneMember2025-07-012025-09-300001655050country:DE2025-01-012025-09-300001655050Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.83% Maturity Date 2/15/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Revolver Maturity Date 12/19/2027 One2025-09-300001655050bcsf:SecondLienSeniorSecuredLoansMember2025-09-300001655050bcsf:MembershipInterestsMemberbcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:Notes2018OneMember2024-03-130001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:MediaAdvertisingPrintingAndPublishingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ARL Holdings, LLC Equity Interest One2025-09-300001655050bcsf:RedMedOperationsCollageRehabilitationMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 1/9/20252024-12-310001655050us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2024-12-310001655050country:JE2025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MinimumMember2024-12-310001655050us-gaap:DomesticCountryMember2024-01-012024-09-300001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 2.50% (4.25% PIK) Interest Rate 10.99% Maturity Date 2/3/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Spindrift Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/20282025-09-300001655050bcsf:UtilitiesElectricMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Investment Spindrift Acquisition Date 2/19/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.25% Interest Rate 9.20% Maturity Date 12/18/20302024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ConsumerDurableMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Consumer Surrey Bidco Limited First Lien Senior Secured Loan SONIA Spread 7.28% PIK Interest Rate 11.25% Maturity Date 12/31/20282025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2024-12-310001655050Investment EHE Health Acquisition Date 8/7/20242024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 7/31/20262025-01-012025-09-300001655050Investment Walker Edison Acquisition Date 3/1/20232024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.83% Maturity Date 9/29/20292025-09-300001655050bcsf:SolarayLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:NonControlledAffiliatedAndControlledEntityMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/20272025-03-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Insurance Margaux Acquisition Inc. First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.96% Maturity Date 12/19/20252024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:SumitomoCreditFacilityMember2025-09-300001655050us-gaap:ForeignExchangeForwardMember2024-01-012024-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:DiscoverySeniorLivingMember2025-09-300001655050bcsf:OtherGeneralAndAdministrativeExpenseMemberbcsf:AdministratorMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:BankingFinanceInsuranceAndRealEstateSectorMember2024-12-310001655050bcsf:SubordinatedNoteInInvestmentVehiclesMember2025-09-300001655050bcsf:Notes595PercentDueMarch2030Member2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber AP Plastics Group, LLC First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 9.40% Maturity Date 8/10/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 03/10/20262025-01-012025-09-300001655050Investment DC Blox Acquisition Date 9/23/20242024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.65% Interest Rate 10.00% Maturity Date 12/16/20252024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:ElevationNewCoLLCMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:PantheonMember2025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:FactsGlobalEnergyMember2025-09-300001655050bcsf:AccidentCareAllianceHoldcoLLCMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Investment East BCC Coinvest II, LLC Acquisition Date 7/23/20192024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 12/23/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 6.51% Interest Rate 11.08% Maturity Date 5/14/20292024-12-310001655050bcsf:OtherGeneralAndAdministrativeExpenseMemberbcsf:AdministratorMember2025-07-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:MediaBroadcastingAndSubscriptionMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision Equity Interest2025-09-300001655050bcsf:HempzMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BeaconSpecializedLivingMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan SOFR Spread 5.65% (1.50% PIK) Interest Rate 11.45% Maturity Date 11/11/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 04/02/20262025-01-012025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ConsumerGoodsDurableSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity SOFR Spread 10.00%PIK Interest Rate 14.26%2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.90% Interest Rate 9.90% Maturity Date 4/15/20272025-09-300001655050Investment City BBQ Acquisition Date 9/4/20242025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:ServicesBusinessMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NOK2024-12-310001655050bcsf:InterestRateFloorSevenMember2024-01-012024-12-310001655050bcsf:InvestmentHoldingMemberus-gaap:RetailSectorMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.03% Interest Rate 10.00% Maturity Date 6/24/20292025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Sikich Warrants2025-09-300001655050Non-controlled/Non-Affiliated Investments Retail Galeria First Lien Senior Secured Loan - Delayed Draw Spread 15.00% PIK Interest Rate 15.00% Maturity Date 4/9/20292024-12-310001655050Utilities: Water Vessco Water First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.11% Maturity Date 7/24/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:AvalonAcquirorIncMember2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:GillsPointSMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building BCSF ServiceMaster Investments, LLC Preferred Equity2025-09-300001655050bcsf:OneMonthTenorTermBenchmarkLoanMemberbcsf:SumitomoCreditFacilityMember2024-05-200001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound High Tech Industries Cloud Technology Solutions (CTS) First Lien Senior Secured Loan SONIA Spread 0.25% (8.00%P I K) Interest Rate 12.95% Maturity Date 1/3/20302024-12-310001655050country:AU2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberCapital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.93% Maturity Date 10/31/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Zeus Fire & Security First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.45% Maturity Date 12/11/20302024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive JHCC Holdings, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 9/9/20272025-09-300001655050us-gaap:InvestmentAffiliatedIssuerControlledMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries PayRange Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Arctic Glacier U.S.A., Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 6.76% (4.00% PIK) Interest Rate 15.09% Maturity Date 5/24/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/28/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 5/1/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/23/20252024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 11/10/20252024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:Mach1BidcoLimitedMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Intoxalock First Lien Senior Secured Loan - Revolver Maturity Date 11/1/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/20/2026 Two2025-01-012025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Spindrift Subordinated Debt Spread 13.75% PIK Interest Rate 13.75% Maturity Date 2/19/20332025-09-300001655050us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-09-300001655050Investment Parcel2Go Acquisition Date 11/26/20242024-01-012024-12-310001655050bcsf:ReconomyMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberUtilities: Electric KAMC Holdings, Inc. First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.55% Maturity Date 8/1/20312025-09-300001655050Investment Eleven Software Acquisition Date 3/20/20242024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco Preferred Equity2024-12-310001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberbcsf:PreferredStockThreeMemberbcsf:MeasurementInputBookValueMultipleMember2025-09-300001655050bcsf:RevalizeIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Revolver Maturity Date 12/19/20272025-09-300001655050bcsf:SummerFridaysLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan - Revolver Maturity Date 4/27/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment PPT Group Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Choreo First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.16% Maturity Date 2/18/20282025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:EnvironmentalIndustriesSectorMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 3/17/20252024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassD-RSeniorDeferrableFloatingRateNotesMember2025-08-130001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.27% Maturity Date 5/31/20282024-12-310001655050bcsf:FireInsuranceMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 06/10/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/25/20262025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:UtilitiesWaterMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 09/10/20262025-09-300001655050Investment Darcy Partners Acquisition Date 6/1/20222025-01-012025-09-300001655050bcsf:O2024Q1DividendsMember2024-04-302024-04-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/25/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals CB Titan Holdings, Inc. Preferred Equity2024-12-310001655050bcsf:BccJetstreamHoldingsAviationOnIiLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-09-300001655050bcsf:JhccHoldingsLlcMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:EnvironmentalIndustriesSectorMember2025-09-300001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Preferred Equity Interest Investment Vehicles2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.17% Maturity Date 1/31/20292025-09-300001655050bcsf:Notes2.55PercentDueOctober2026Member2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/6/20312024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USD2024-12-310001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 8.89% Maturity Date 12/19/2027 One2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/2/20252025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:ServicesBusinessMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2025-08-130001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 01/21/20252024-12-310001655050Construction & Building Zeus Fire & Security First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.32% Maturity Date 12/11/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:SimplicityMemberbcsf:RevolverCommitmentMember2024-12-310001655050Services: Business Smartronix First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/2028 Twobcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ISLPCreditFacilityMember2025-06-242025-06-240001655050bcsf:InterestRateFloorTwoMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Premier Imaging, LLC First Lien Senior Secured Loan SOFR Spread 4.22% (2.04% PIK) Interest Rate 10.26% Maturity Date 3/31/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 7.60% Interest Rate 11.96% Maturity Date 12/16/2028 One2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2025-09-300001655050us-gaap:SeniorSubordinatedNotesMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/10/20252024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:EnvironmentalIndustriesSectorMember2025-09-300001655050bcsf:InterestRateFloorOneMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan BBSY Spread 7.00% Interest Rate 11.36% Maturity Date 4/30/20262024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:LineOfCreditMember2025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 8.89% Maturity Date 12/19/2027 Two2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.03% Interest Rate 10.00% Maturity Date 6/24/20292025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/14/20252024-12-310001655050bcsf:FireFinanceMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AOM Infusion First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/19/20322025-09-300001655050Non-controlled/Non-Affiliated Investments Retail Galeria Equity Interest2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Aerospace & Defense Ansett Aviation Training Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Electronic Merchant Systems First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 8/1/20302024-12-310001655050us-gaap:InterestRateSwapMemberbcsf:WellsFargoMember2025-09-300001655050bcsf:CityBbqMemberbcsf:RevolverCommitmentMember2024-12-310001655050us-gaap:InvestmentAffiliatedIssuerControlledMemberbcsf:ServicesConsumerMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business TEI Holdings First Lien Senior Secured Loan SOFR Spread 4.00% Interest Rate 8.43% Maturity Date 4/9/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master Equity Interest2024-12-310001655050bcsf:FirstLienSeniorSecuredLoansMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/17/20262025-09-300001655050Controlled Affiliate Investments FIRE: Finance Legacy Corporate Lending HoldCo, LLC Equity Interest One2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan EURIBOR Spread 6.00% (1.50% PIK) Interest Rate 10.38% Maturity Date 2/23/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 10.58% Maturity Date 5/1/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:DcBloxFourMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan 8.00% PIK Interest Rate 8.00% Maturity Date 4/27/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Hollywood LP Preferred Equity Spread 12.50% PIK Interest Rate 12.50%2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.15% (1.50% PIK) Interest Rate 12.08% Maturity Date 2/23/20282024-12-310001655050country:AU2025-09-300001655050U.S. Dollar Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest 10.42% Date 12/22/20272024-12-310001655050bcsf:ETechGroupMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/18/20252024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 01/09/20252024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberEnergy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.01% Interest Rate 10.53% Maturity Date 11/19/20272024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:UtilitiesWaterMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.58% Maturity Date 2/28/20292024-12-310001655050bcsf:WellsFargoMemberus-gaap:ForeignExchangeForwardMember2025-09-300001655050us-gaap:DomesticCountryMember2024-07-012024-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:SumitomoCreditFacilityMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/23/20252024-01-012024-12-3100016550502025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw BBSY Spread 3.50% (2.25% PIK) Interest Rate 10.65% Maturity Date 9/27/20302024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 11.70%2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan SOFR Spread 5.68% Interest Rate 10.09% Maturity Date 8/31/20282024-12-310001655050Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 8.77% Maturity Date 10/17/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.65% (1.50% PIK) Interest Rate 11.45% Maturity Date 11/11/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Odyssey Behavioral Health First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.46% Maturity Date 5/21/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Appriss First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.07% Maturity Date 3/10/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master Preferred Equity Interest One2024-12-310001655050country:US2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.82% Maturity Date 2/15/20292025-09-300001655050bcsf:ClassAOneRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-132024-03-130001655050bcsf:ConsumerGoodsWholesaleSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2023-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Element Buyer, Inc. First Lien Senior Secured Loan - SOFR Spread 5.85% Interest Rate 10.21% Maturity Date 7/19/20262024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:HighTechIndustriesMember2025-09-3000016550502025-11-100001655050bcsf:G702BuyerIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan SOFR Spread 4.90% Interest Rate 8.89% Maturity Date 12/19/20272025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:CommonStockMember2024-12-310001655050bcsf:ApplitoolsMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 09/10/20262025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Element Buyer, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.85% Interest Rate 10.21% Maturity Date 7/19/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.03% Maturity Date 8/16/20272025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:WholesaleMember2024-12-310001655050Investment Gale Aviation (Offshore) Co Acquisition Date 1/2/20192025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Vasa Fitness Buyer, Inc First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.67% Maturity Date 8/15/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 09/10/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco Equity Interest2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Environmental Industries Reconomy First Lien Senior Secured Loan EURIBOR Spread 6.00% Interest Rate 8.68% Maturity Date 7/12/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer First Lien Senior Secured Loan - Revolver Maturity Date 11/12/20302025-09-300001655050bcsf:OrionMemberbcsf:DelayedDrawCommitment1Member2024-12-310001655050Investment Robinson Helicopter Acquisition Date 6/30/20222025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/2027 One2025-03-310001655050bcsf:ClassAJRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-Controlled/Non-Affiliate Investments Hotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.50% Interest Rate 8.50% Maturity Date 4/1/20312025-09-300001655050U.S. Dollar Services: Business Smartronix First Lien Senior Secured Loan LIBOR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:UtilitiesElectricMember2025-09-300001655050Wholesale Blackbird Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 12/19/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Investment BCSF Project Aberdeen, LLC Acquisition Date 7/3/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 6.01 (1.00% PIK) Interest Rate 11.24% Maturity Date 12/31/2029 One2025-09-300001655050High Tech Industries SensorTower First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.85% Maturity Date 3/15/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 11/25/20262024-01-012024-12-310001655050bcsf:ClassAOneRTwoZeroTwoThreeOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:FirstLienSeniorSecuredLoansMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive Preferred Equity2025-09-300001655050bcsf:OtherGeneralAndAdministrativeExpenseMemberbcsf:AdministratorMember2024-01-012024-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorOneMember2025-01-012025-09-300001655050us-gaap:SubordinatedDebtMember2024-12-310001655050bcsf:Notes2.55PercentDueOctober2026Member2025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Grammer Investment Holdings LLC Preferred Equity Spread 10.00% Interest Rate 10.00%2024-12-310001655050us-gaap:RelatedPartyMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/6/20302024-12-310001655050bcsf:AdvancedAircrewMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ChexFinerFoodsLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable Hempz First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 10/25/20292024-12-310001655050bcsf:ApPlasticsGroupLlcMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FireInsuranceMembercurrency:GBP2024-12-310001655050bcsf:OghBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:BccJetstreamHoldingsAviationOffILlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2025-09-300001655050Controlled Affiliate Investments FIRE: Finance Legacy Corporate Lending HoldCo, LLC Preferred Equity2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:MediaDiversifiedAndProductionMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Intoxalock First Lien Senior Secured Loan - Revolver Maturity Date 11/1/20282025-09-300001655050bcsf:SecondLienSeniorSecuredLoanMember2024-12-310001655050us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance PMA First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 1/31/20312024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/10/20252024-01-012024-12-310001655050bcsf:ControlledAffiliatedEntityMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBP2024-12-310001655050Investment MZR Aggregator Acquisition Date 9/17/20242024-01-012024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansFourMembersrt:WeightedAverageMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:MeasurementInputRecoveryRateMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Pharmathen First Lien Senior Secured Loan- Revolver EURIBOR Spread 5.68% Interest Rate 8.26% Maturity Date 10/25/2028 One2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 11/10/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan - Revolver Maturity Date 1/19/20282024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/4/20302025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound FIRE: Finance Avalon Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 10.32% Maturity Date 4/16/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Citibank Settlement Date 1/24/20252024-01-012024-12-310001655050bcsf:AerospaceAndDefenseSectorMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan BBSY Spread 7.00% Interest Rate 10.59% Maturity Date 4/30/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:CommonStockMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:ServicesBusinessMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business LEP CP Co-Invest, L.P. Equity Interest2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 5/27/20252024-01-012024-12-310001655050country:BE2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan – Revolver Prime Spread 5.50% Interest Rate 13.00% Maturity Date 2/28/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Revolver CORRA Spread 5.82% Interest Rate 9.03% Maturity Date 5/26/20262024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberNorwegian Krone Services: Business Spring Finco BV First Lien Senior Secured Loan NIBOR Spread 5.00% Interest Rate 9.05% Maturity Date 7/15/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AeriTek Global CAD Acquisition Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 6.50% Interest Rate 10.70% Maturity Date 8/27/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Utilities: Water Vessco Water First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.81% Maturity Date 7/24/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Great Expressions Dental Center PC First Lien Senior Secured Loan SOFR Spread 1.15% (3.00% PIK) Interest Rate 8.48% Maturity Date 09/30/20262024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business TES Global First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.00% Interest Rate 9.03% Maturity Date 1/27/20292025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries PayRange First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.61% Maturity Date 10/31/20302024-12-310001655050us-gaap:InvestmentAffiliatedIssuerControlledMemberbcsf:ServicesBusinessMember2025-09-300001655050us-gaap:ConstructionSectorMemberbcsf:InvestmentHoldingMember2025-09-300001655050bcsf:Notes2.95PercentDueMarch2026Member2024-01-012024-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:MediaBroadcastingAndSubscriptionMember2025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesOneMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Odyssey Behavioral Health First Lien Senior Secured Loan - Revolver Maturity Date 11/21/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Advanced Aircrew First Lien Senior Secured Loan - Revolver Maturity Date 7/26/20302025-09-300001655050Investment FCG Acquisitions, Inc. Acquisition Date 1/24/20192024-01-012024-12-310001655050bcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050us-gaap:SecuredDebtMemberbcsf:ClassA-1-RRSeniorSecuredFloatingRateNotesMember2025-07-022025-07-020001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 10/17/20312024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/10/20262025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 6/10/20252024-12-310001655050bcsf:Notes595PercentDueMarch2030Member2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 7/25/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 11/10/20252025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.60% Maturity Date 8/22/2029 One2025-09-300001655050Investment Hollywood LP Acquisition Date 4/16/20252025-01-012025-09-300001655050Investment Ansett Aviation Training Acquisition Date 3/24/20222025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.80% Maturity Date 5/1/20292025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:FirstLienSeniorSecuredLoansThreeMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050bcsf:PureWaferMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConstruction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.03% Maturity Date 8/16/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Morrow Sodali First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.48% Interest Rate 9.64% Maturity Date 4/25/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Reconomy First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 10.47% Maturity Date 7/12/20292025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:EnergyElectricityMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Surrey Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.28% PIK Interest Rate 11.23% Maturity Date 5/11/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.51% Maturity Date 3/31/2029 One2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.00% Maturity Date 3/10/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Forward Slope First Lien Senior Secured Loan – Delayed Draw SOFR Spread 5.60% Interest Rate 9.60% Maturity Date 8/22/20292025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:CapitalEquipmentSectorMember2025-09-300001655050bcsf:AeriTekGlobalCADAcquisitionIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 02/24/20262025-01-012025-09-300001655050Investment Thrasio, LLC Acquisition Date 6/18/20242024-01-012024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:EnergyElectricityMember2025-09-300001655050Investment Darcy Partners Acquisition Date 6/1/20222024-01-012024-12-310001655050Investment Eleven Software Acquisition Date 4/25/20222024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Govineer Solutions (fka Black Mountain) First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/7/20302025-09-300001655050bcsf:FireInsuranceMemberbcsf:InvestmentHoldingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business E-Tech Group First Lien Senior Secured Loan – Revolver Maturity Date 4/9/20302025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:HighTechIndustriesMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050bcsf:ClassBRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-132024-03-130001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 10.11% Maturity Date 10/11/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 7.97% Maturity Date 08/09/20312024-12-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2024-07-012024-09-300001655050us-gaap:PreferredStockMember2023-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment Ergotron Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.26% Interest Rate 9.42% Maturity Date 7/6/20282025-09-300001655050bcsf:SumitomoCreditFacilityMemberbcsf:BorrowingBaseEqualToOrGreaterThanProductOf1.60AndRevolvingCreditExposureMember2021-12-242021-12-240001655050bcsf:Notes595PercentDueMarch2030Member2024-12-310001655050bcsf:WalkerEdisonMemberbcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Chartbeat Preferred Equity Spread 14.00%PIK Interest Rate 14.00% Maturity Date 10/4/20302024-12-310001655050bcsf:TransportationConsumerMemberbcsf:InvestmentHoldingMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/28/20272024-01-012024-12-310001655050Investment Elk Parent Holdings, LP Acquisition Date 11/1/20192024-01-012024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:SubordinatedNoteInInvestmentVehiclesMemberbcsf:MeasurementInputRecoveryRateMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.11% Interest Rate 11.47% Maturity Date 4/30/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.82% Interest Rate 8.99% Maturity Date 5/26/2028 One2024-12-310001655050bcsf:S2024Q3DividendsMember2024-10-312024-10-310001655050bcsf:ClassE-RSeniorDeferrableFloatingRateNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-08-132025-08-130001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 10.20% Maturity Date 3/27/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 03/10/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliate Investments High Tech Industries Access First Lien Senior Secured Loan SONIA Spread 5.25% Interest Rate 9.95% Maturity Date 6/28/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale Abracon Group Holding, LLC. First Lien Senior Secured Loan - Revolver SOFR Spread 2.05% (4.60% PIK) Interest Rate 10.92% Maturity Date 7/6/20282025-09-300001655050country:DE2024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:AwaydayMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NOK2025-09-300001655050Investment Applitools Acquisition Date 7/18/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco PPX Preferred Equity2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 7/25/2030 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.00% Maturity Date 3/10/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Services: Business iBanFirst First Lien Senior Secured Loan EURIBOR Spread 10.00% PIK Interest Rate 13.00% Maturity Date 7/13/20282024-12-310001655050bcsf:InvestmentHoldingMember2025-01-012025-09-300001655050U.S. Dollar High Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.63% Maturity Date 12/9/20292024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:McLarensAcquisitionIncMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/25/20262025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 12/23/20272024-12-310001655050bcsf:DelayedDrawCommitment1Memberbcsf:CongressWealthMember2024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:AwaydayMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries NearMap First Lien Senior Secured Loan - Revolver Maturity Date 12/9/2028 One2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:MediaBroadcastingAndSubscriptionMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Smartronix First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/20282024-12-310001655050Healthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 8/7/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050country:CA2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.10% Interest Rate 10.46% Maturity Date 08/20/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.58% Maturity Date 6/18/2029 One2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:FireFinanceSectorMember2025-09-300001655050country:FR2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 01/21/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.42% Maturity Date 12/22/20272024-12-310001655050bcsf:BCSFAdvisorsLpMemberbcsf:PreIncentiveFeeNetInvestmentIncomeExceedsCatchUpAmountMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassBRTwoZeroTwoThreeOneNoteMember2025-09-300001655050Investment Gills Point S Acquisition Date 5/17/20232025-01-012025-09-300001655050Consumer Goods: Non-Durable Evriholder First Lien Senior Secured Loan SOFR Spread 6.90% Interest Rate 11.06% Maturity Date 1/24/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050us-gaap:EquitySecuritiesMember2023-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Smartronix First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/2028 One2024-12-310001655050on-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan - Delayed Draw SOFR Spread 2.00% (4.60% PIK) Interest Rate 10.95% Maturity Date 9/7/20292024-12-310001655050bcsf:GoldmanSachsUSTreasuryLiquidReservesFundMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Music Creation Group Bidco GmbH First Lien Senior Secured Loan SOFR Spread 6.15% (1.50% PIK) Interest Rate 12.08% Maturity Date 2/23/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan - Revolver SOFR Spread 5.60% Interest Rate 9.77% Maturity Date 8/22/2029 One2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 12/9/2029 One2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroOneEightOneNotesMember2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/06/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.58% Maturity Date 2/28/2029 One2024-12-310001655050us-gaap:InterestRateSwapMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Utilities: Water Vessco Water First Lien Senior Secured Loan - Revolver Maturity Date 7/24/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan SOFR Spread 6.90% (0.50% PIK) Interest Rate 11.40% Maturity Date 12/22/20282025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:AOMInfusionMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Psychiatric Medical Care LLC First Lien Senior Secured Loan - Revolver Maturity Date 7/1/20322025-09-300001655050bcsf:EquityInterestsInInvestmentVehiclesMember2024-01-012024-12-310001655050bcsf:ElectronicMerchantSystemsMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroOneEightOneNotesMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Consumer MZR Buyer, LLC First Lien Senior Secured Loan SOFR Spread 6.90% (0.50% PIK) Interest Rate 11.40% Maturity Date 12/22/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Mach Acquisition T/L First Lien Senior Secured Loan SOFR Spread 7.15% (2.00% PIK) Interest Rate 13.48% Maturity Date 10/19/20262025-09-300001655050bcsf:SubAdministratorMember2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Pharmacy Partners First Lien Senior Secured Loan - Revolver Maturity Date 02/28/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan - Revolver Maturity Date 1/19/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 5/14/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan - Revolver SOFR Spread 6.25% Interest Rate 10.57% Maturity Date 12/29/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 10/26/20262025-01-012025-09-300001655050Non-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 4/25/20282024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:HotelGamingAndLeisureMember2024-01-012024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:BtxPrecisionMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberNorwegian Krone Services: Business Spring Finco BV First Lien Senior Secured Loan NIBOR Spread 5.50% Interest Rate 10.14 Maturity Date 7/15/20292024-12-310001655050bcsf:WUHoldcoIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco PPX Preferred Equity2025-09-300001655050bcsf:PreIncentiveFeeNetInvestmentIncomeExceedsCatchUpAmountMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001655050bcsf:AOMInfusionMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/8/2026 One2025-01-012025-09-300001655050Non-controlled/Non-Affiliate Investments FIRE: Insurance Margaux UK Finance Limited First Lien Senior Secured Loan - Revolver SONIA Spread 5.50% Interest Rate 10.32% Maturity Date 12/19/20252024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:BccMiddleMarketClo2018LlcMember2022-03-070001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Aggregator Equity Interest2024-12-310001655050Aerospace & Defense BTX Precision First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 7/25/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Investment PayRange Acquisition Date 10/31/20242024-01-012024-12-310001655050country:US2025-01-012025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ContainersPackagingAndGlassMember2023-12-310001655050country:BE2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Consumer CorePower Yoga, LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 4/30/20312025-09-300001655050Wholesale Hultec First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.65% Maturity Date 3/31/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClasscRSeniorDeferrableFloatingRateNotesMember2025-08-132025-08-130001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope Equity Interest2024-12-310001655050Investment Odyssey Behavioral Health Acquisition Date 11/21/20242025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NOKbcsf:ServicesBusinessMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Sikich Preferred Equity Spread 13.00% PIK Interest Rate 13.00%2024-12-310001655050bcsf:FireFinanceMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 10.50% Maturity Date 3/27/2026 one2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ Equity Interest2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:InvestmentHoldingsMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan - Revolver Maturity Date 10/23/20292025-09-300001655050Investment ARL Holdings, LLC Acquisition Date 5/3/20192024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:BccJetstreamHoldingsAviationOnIiLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance PMA First Lien Senior Secured Loan - Revolver Maturity Date 1/31/20312024-12-310001655050Investment Hultec Acquisition Date 3/31/20232024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Grammer Investment Holdings LLC Warrants2024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:ForwardSlopeMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Revolver Maturity Date 12/23/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Fineline Technologies, Inc. Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss Holdings, Inc. Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer CorePower Yoga, LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/30/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AOM Infusion First Lien Senior Secured Loan - Revolver Maturity Date 3/19/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 10/09/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale SureWerx First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 12/28/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance PMA First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 13/1/20312024-12-310001655050bcsf:Notes2.95PercentDueMarch2026Member2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Twelve Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable WU Holdco, Inc. First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.75% Maturity Date 4/15/20322025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.26% Maturity Date 12/20/20312025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:ChiltonMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan SOFR Spread 7.00% (0.50% PIK) Interest Rate 11.56% Maturity Date 12/22/20282025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DcBloxTwoMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/28/20272025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 12/23/20272024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ServicesBusinessMember2024-12-310001655050Non-controlled/Non-Affiliate Investments High Tech Industries Appriss Holdings, Inc. Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance MRHT First Lien Senior Secured Loan EURIBOR Spread 6.50% Interest Rate 9.53% Maturity Date 2/1/20292024-12-310001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.21% Maturity Date 12/22/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco Preferred Equity2024-12-310001655050bcsf:InternationalSeniorLoanProgramLLCMember2023-12-140001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance MRHT First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.25% Interest Rate 9.13% Maturity Date 2/1/20292024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DCBloxFiveMemberbcsf:PreferredEquityMember2024-12-310001655050bcsf:DelayedDrawCommitment2Memberbcsf:McLarensAcquisitionIncMember2025-09-300001655050bcsf:Notes2025OneMember2025-07-080001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo Equity Interest2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 11/10/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Grammer Investment Holdings LLC Preferred Equity2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ConsumerGoodsDurableSectorMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss Holdings, Inc. First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 12.08% Maturity Date 5/6/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo REP Coinvest III- A Omni, L.P. Equity Interest2024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMembersrt:WeightedAverageMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2025-09-300001655050bcsf:AxhAirCoolersMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:FiveLargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InvestmentConcentrationRiskMember2024-12-310001655050bcsf:AdministratorMemberus-gaap:AccountsPayableAndAccruedLiabilitiesMember2025-09-300001655050bcsf:ConsumerGoodsNonDurableSectorMemberbcsf:InvestmentHoldingMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 9/17/20252024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ChemicalsPlasticsAndRubberMembercurrency:EUR2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:ConsumerDurableMember2025-09-300001655050bcsf:SecondLienSeniorSecuredLoanMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EUR2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Six Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 06/10/20252024-12-3100016550502024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Kpler First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.25% Interest Rate 9.63% Maturity Date 3/3/20302024-12-310001655050bcsf:PRGXMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan - Revolver SOFR Spread 6.85% Interest Rate 11.21% Maturity Date 8/22/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.82% Interest Rate 8.99% Maturity Date 5/26/2028 One2024-12-310001655050bcsf:OwlAcquisitionLLCMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Aggregator Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberBeverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.51% Maturity Date 3/31/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business AMI First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 8.90% Maturity Date 10/17/20312025-09-300001655050bcsf:SpotlessBrandsMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:EquityInterestInInvestmentVehiclesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software Preferred Equity One2025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Meteor UK Bidco Limited First Lien Senior Secured Loan - Revolver Maturity Date 11/14/20312025-09-300001655050Consumer Goods: Non-Durable Evriholder First Lien Senior Secured Loan SOFR Spread 6.90% Interest Rate 11.23% Maturity Date 1/24/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Eight Standard Chartered Settlement Date 10/09/20252025-09-300001655050country:GG2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 4/10/20262025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Capital Equipment Goodfellow First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 2/10/20322025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:BeverageFoodandTobaccoSectorMember2025-09-300001655050bcsf:OghBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ContainersPackagingAndGlassMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Bank of New York Mellon Settlement Date 5/27/20252024-12-310001655050bcsf:BccJetstreamHoldingsAviationOnIiLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2023-12-310001655050bcsf:ArcticGlacierUSAIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:RelatedPartyMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 01/21/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 12/23/2027 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Darcy Partners First Lien Senior Secured Loan SOFR Spread 7.65% Interest Rate 11.88% Maturity Date 6/1/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business TES Global First Lien Senior Secured Loan -Delayed Draw SONIA Spread 5.00% Interest Rate 9.03% Maturity Date 1/27/20292025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:FactsGlobalEnergyMember2024-12-310001655050bcsf:FirstLienSeniorSecuredLoanCommitmentMemberbcsf:CubeMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building AGS AGS American Services Investments, L.P. Equity Interest2025-09-300001655050bcsf:PureWaferMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.55% Maturity Date 2/28/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Premier Imaging, LLC First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.59% Maturity Date 3/31/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan EURIBOR Spread 5.75% Interest Rate 8.78% Maturity Date 12/22/20272024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/25/20262025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 12/23/20272025-09-300001655050Non-controlled/Non-Affiliate Investments High Tech Industries Applitools First Lien Senior Secured Loan - Revolver Maturity Date 5/25/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.58% Maturity Date 3/10/20282024-12-310001655050bcsf:DtiqMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries SAM First Lien Senior Secured Loan SOFR Spread 14.25% PIK Interest Rate 14.25% Maturity Date 5/9/20282025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Investment Service Master Acquisition Date 8/16/20212025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan - Revolver Maturity Date 3/25/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ServicesConsumerMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco SauceCo HoldCo, LLC First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.75% Maturity Date 5/13/20302025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NOKbcsf:ServicesBusinessMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/2028 One2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan Spread 10.00% PIK Interest Rate 10.00% Maturity Date 8/1/20272024-12-310001655050country:IT2025-01-012025-09-300001655050bcsf:Notes2024OneMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:TransportationConsumerSectorMember2025-09-300001655050bcsf:BcsfAdvisorsMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 06/10/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Odyssey Behavioral Health First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.77% Maturity Date 11/21/20302024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroTwoThreeOneNotesMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorFourMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eagle Rock Capital Corporation Preferred Equity2024-12-310001655050Interest Rate Swap Counterparty Wells Fargo Settlement Date 3/15/20302025-01-012025-09-300001655050bcsf:WealthEnhancementGroupWegMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/16/20262025-01-012025-09-300001655050Investment Utimaco Acquisition Date 6/28/20222024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate9.88% Maturity Date 5/14/20292025-09-300001655050bcsf:TaoglasMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MaximumMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Retail Galeria Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan SOFR spread 6.60% Interest Rate 10.88% Maturity Date 8/1/20282025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:HedgeFundsMember2024-07-012024-09-300001655050us-gaap:ConstructionSectorMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConstruction & Building AGS American Glass Services Acquisition, LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 7/24/20312025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:HighTechIndustriesMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:FirstLienSeniorSecuredLoansOneMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Seventeen Standard Chartered Settlement Date 10/09/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 5/27/20252024-01-012024-12-310001655050Controlled Affiliate Investments Investment Vehicles International Senior Loan Program, LLC Subordinated Note Investment Vehicles SOFR Spread 8.00% Interest Rate 12.59% Maturity Date 2/22/20282024-12-310001655050Investment EHE Health Acquisition Date 8/7/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Zeus Fire & Security First Lien Senior Secured Loan - Revolver Maturity Date 12/11/20302025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Element Buyer, Inc. First Lien Senior Secured Loan SOFR Spread 5.85% Interest Rate 10.21% Maturity Date 7/19/20262024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConstruction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.00% Maturity Date 8/16/20272025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorThreeMember2025-01-012025-09-300001655050Investment Rydoo Acquisition Date 9/26/20242024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.77% Maturity Date 3/19/20272024-12-310001655050bcsf:InvestmentHoldingMemberus-gaap:RetailSectorMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/29/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries PayRange Equity Interest2025-09-300001655050bcsf:DatixBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan - Revolver Maturity Date 10/2/20282025-09-300001655050bcsf:VGlobalHoldingsLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 03/10/20262025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One BNP Paribas Settlement Date 06/02/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Congress Wealth First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.60% Interest Rate 9.93% Maturity Date 6/30/20292024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:UtilitiesElectricMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 3/25/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Solairus First Lien Senior Secured Loan - Delayed Draw Maturity Date 7/22/20302025-09-300001655050bcsf:BCSFAdvisorsLpMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Allbridge First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.08% Maturity Date 6/5/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Discovery Senior Living First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 3/18/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Elk Equity Interest2025-09-300001655050bcsf:WalkerEdisonOneMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2024-12-310001655050bcsf:AdministratorMemberus-gaap:AccountsPayableAndAccruedLiabilitiesMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassBNotesTwoZeroTwoFive-OneNotesMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberus-gaap:AutomotiveSectorMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberRetail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.89% Maturity Date 6/18/20292024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.93% Maturity Date 3/6/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass ASP-r-pac Acquisition Co LLC First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.57% Maturity Date 12/29/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eagle Rock Capital Corporation Preferred Equity2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing Kpler First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 11.12%2024-12-310001655050bcsf:McLarensAcquisitionIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:Notes2.55PercentDueOctober2026Member2021-10-130001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:DcBloxFourMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber AP Plastics Group, LLC First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 8.98% Maturity Date 8/10/2030 One2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:PyramidGlobalHospitalityMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/9/20262025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 10.95% Maturity Date 7/12/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan SOFR Spread 7.75% Interest Rate 12.11% Maturity Date 1/31/20292024-12-310001655050bcsf:ClassAOneRTwoZeroTwoThreeOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence Equity Interest2024-12-310001655050bcsf:Notes2019OneMember2025-09-300001655050Non-controlled/Affiliated Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan SOFR Spread 6.90% PIK Interest Rate 11.34% Maturity Date 3/31/20272024-12-310001655050Investment WSP Acquisition Date 8/31/20212025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 01/09/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Morgan Stanley Settlement Date 11/10/20252025-09-300001655050Forward Foreign Currency Exchange Contracts2024-01-012024-12-310001655050Investment Insigneo Financial Group LLC Acquisition Date 8/1/20222024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorOneMember2024-01-012024-12-310001655050bcsf:WspMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 1/9/20252024-01-012024-12-310001655050Wholesale Hultec First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.98% Maturity Date 3/31/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:GaapIncentiveFeeMember2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Grammer Investment Holdings LLC Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan - Revolver SOFR Spread 7.60% Interest Rate 11.96% Maturity Date 12/16/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 6.00% Interest Rate 10.19% Maturity Date 3/10/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberChemicals, Plastics & Rubber Duraco First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.79% Maturity Date 6/6/20292025-09-300001655050bcsf:WspMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:ForeignExchangeForwardMember2024-07-012024-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorFiveMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 05/13/20252024-01-012024-12-310001655050Investment Parcel2Go Acquisition Date 11/26/20242025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorFourMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMember2023-12-140001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals WellSky First Lien Senior Secured Loan SOFR Spread 3.11% Interest Rate 7.47% Maturity Date 3/10/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 11/25/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan SOFR Spread 2.95% (2.95% PIK) Interest Rate 9.90% Maturity Date 11/6/20262025-09-300001655050bcsf:ChoreoMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/12/20252024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberbcsf:EquitySecuritiesOneMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001655050bcsf:PrimePlusFivePointFiveZeroPercentageMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Elk Parent Holdings, LP Equity Interest2024-12-310001655050Investment Pure Wafer Acquisition Date 11/12/20242024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 9.78% Maturity Date 10/11/20272025-09-300001655050Consumer Goods: Durable New Milani Group LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.93% Maturity Date 6/6/2026bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries NearMap First Lien Senior Secured Loan - Revolver Maturity Date 12/9/20282025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 12/31/20312025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:ServicesConsumerMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.12% Maturity Date 5/28/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 01/09/20262025-01-012025-09-300001655050us-gaap:PrivatePlacementMember2018-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.87% Maturity Date 5/17/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Revolver Maturity Date 12/20/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 03/20/20252024-12-310001655050Investment Eleven Software Acquisition Date 3/20/20242025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/20/2026 One2025-09-300001655050us-gaap:FoodAndBeverageSectorMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:SaturnPurchaserCorpMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 02/24/20262025-09-300001655050bcsf:ImageTrendMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:CityBbqMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals SunMed Group Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 10.19% Maturity Date 06/16/20282024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity SOFR Spread 10.00%PIK Interest Rate 14.26% One2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.75% Interest Rate 8.75% Maturity Date 9/12/20312025-09-300001655050Investment SensorTower Acquisition Date 3/15/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Premier Imaging, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.22% (2.04% PIK) Interest Rate 10.26% Maturity Date 3/31/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 7.00% (0.50% PIK) Interest Rate 11.77% Maturity Date 12/22/20282025-09-300001655050bcsf:DtiqMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050us-gaap:EquitySecuritiesMember2024-01-012024-12-310001655050bcsf:Notes595PercentDueMarch2030Member2025-02-062025-02-060001655050bcsf:AdtPizzaLlcMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Revolver Maturity Date 12/23/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/28/20252024-01-012024-12-310001655050Investment Odyssey Behavioral Health Acquisition Date 11/21/20242024-01-012024-12-310001655050us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Opus2 Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Congress Wealth Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals USME Holdco LLC Subordinated Debt Spread 17.00% PIK Interest Rate 17.00% Maturity Date 5/26/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.60% Interest Rate 9.73% Maturity Date 12/15/20252025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Discovery Senior Living First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 3/18/20302025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.26% Maturity Date 12/20/2031 One2025-09-300001655050bcsf:AAndRLogisticsIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:Notes2019OneMember2019-08-280001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 02/24/20262025-01-012025-09-300001655050bcsf:DtiqMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/28/20292024-12-310001655050us-gaap:WarrantMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:PantheonMember2023-12-140001655050country:GB2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo RoadOne First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.25% Interest Rate 10.77% Maturity Date 12/29/20282024-12-310001655050bcsf:WalkerEdisonMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Wholesale Abracon Group Holding, LLC. First Lien Senior Secured Loan SOFR Spread 2.05% (4.60% PIK) Interest Rate 10.92% Maturity Date 7/6/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Darcy Partners First Lien Senior Secured Loan SOFR Spread 7.75% Interest Rate 12.03% Maturity Date 6/1/20282025-09-300001655050bcsf:TelecommunicationsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Aggregator Equity Interest One2025-09-300001655050us-gaap:InvestmentAffiliatedIssuerControlledMemberbcsf:TransportationCargoMember2024-12-310001655050bcsf:ClassBRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:HealthcareAndPharmaceuticalsMembercurrency:EUR2024-12-310001655050bcsf:BeverageFoodandTobaccoSectorMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Efficient Collaborative Retail Marketing Company, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 6.76% Interest Rate 11.09% Maturity Date 12/31/20252024-12-310001655050bcsf:BeaconSpecializedLivingMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.22% Maturity Date 8/16/20272024-12-310001655050bcsf:SurewerxMemberbcsf:RevolverCommitmentMember2025-09-300001655050country:NZ2025-09-300001655050bcsf:CorePowerYogaLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Aerospace & Defense Robinson Helicopter First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 10.96% Maturity Date 6/30/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Applitools First Lien Senior Secured Loan SOFR Spread 6.25% PIK Interest Rate 10.58% Maturity Date 5/25/20292024-12-310001655050bcsf:AxhAirCoolersMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 10.98% Maturity Date 12/15/20252025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense BTX Precision First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 7/25/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Heads Up Technologies, Inc Second Lien Senior Secured Loan SOFR Spread 8.25% Interest Rate 12.58% Maturity Date 7/23/20312025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:CapitalEquipmentSectorMember2024-01-012024-12-310001655050bcsf:DirectTravelIncTwoMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health Equity Interest2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 11/25/20262025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/28/20272024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ConsumerWholesaleMember2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ServicesBusinessMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 10/09/20252025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:EnergyElectricityMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/31/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Reconomy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.25% Interest Rate 10.50% Maturity Date 7/12/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:CapitalEquipmentSectorMember2025-09-300001655050bcsf:O2024Q3DividendsMember2024-10-312024-10-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:ServicesConsumerMember2025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.46% Maturity Date 08/20/20292024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance TA/Weg Holdings First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.50% Maturity Date 10/2/2028 One2024-12-310001655050Controlled Affiliate Investments Services: Business Parcel2Go First Lien Senior Secured Loan SONIA Spread 7.00% Interest Rate 11.70% Maturity Date 11/26/20312024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/6/20282024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer CorePower Yoga, LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 04/30/20312025-09-300001655050bcsf:SupernaIncMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 7/31/2026 One2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 01/09/20252024-01-012024-12-310001655050bcsf:SixMonthTenorTermBenchmarkLoanMemberbcsf:SumitomoCreditFacilityMember2024-05-200001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.43% Maturity Date 3/19/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Five Standard Chartered Settlement Date 10/09/20252025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansFourMembersrt:WeightedAverageMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:MeasurementInputRecoveryRateMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorEightMember2025-01-012025-09-300001655050bcsf:BCSFAdvisorsLpMemberbcsf:IncentiveFeeBasedOnIncomeMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/28/20252024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 6.51% Interest Rate 11.08% Maturity Date 5/14/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Spotless Brands, First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 7/25/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 1/9/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Hempz First Lien Senior Secured Loan - Revolver Maturity Date 10/25/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.25% Interest Rate 8.25% Maturity Date 7/12/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals CB Titan Holdings, Inc. Preferred Equity2025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.14% Maturity Date 12/22/20272025-09-300001655050us-gaap:ConstructionSectorMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 7.29% Maturity Date 8/29/20312025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ContainersPackagingAndGlassMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001655050bcsf:EfficientCollaborativeRetailMarketingCompanyLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:FairValueInputsLevel2Member2024-12-310001655050bcsf:SunmedGroupHoldingsLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 9.75% PIK Interest Rate 12.59% Maturity Date 7/13/20282024-12-310001655050us-gaap:TransportationSectorMemberbcsf:InvestmentHoldingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Element Buyer, Inc. First Lien Senior Secured Loan - Revolver Maturity Date 7/19/20262024-12-310001655050Investment TLC Holdco LP Acquisition Date 10/11/20192024-01-012024-12-310001655050Investment CB Titan Holdings, Inc. Acquisition Date 5/1/20172024-01-012024-12-310001655050Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.27% Maturity Date 5/31/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:ClassbRSeniorDeferrableFloatingRateNotesMember2021-11-302021-11-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ISLPCreditFacilityMember2025-06-240001655050bcsf:MasterConcessionAirMemberbcsf:RevolverCommitmentMember2025-09-300001655050Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.00% Maturity Date 3/10/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:AffiliateOfBCSFAdvisorsLpMember2024-12-310001655050bcsf:CRHHealthcarePurchaserIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:FoodAndBeverageSectorMemberbcsf:InvestmentHoldingMember2025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Saturn Purchaser Corp. First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 9.17% Maturity Date 7/22/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 06/10/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.15% PIK Interest Rate 11.22% Maturity Date 3/3/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Spring Finco BV First Lien Senior Secured Loan - Delayed Draw Maturity Date 7/15/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Five Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan - Revolver SONIA Spread 6.25% Interest Rate 10.58% Maturity Date 7/12/20292024-12-310001655050bcsf:MasterConcessionAirMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Robinson Helicopter First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 10.96% Maturity Date 6/30/20282024-12-310001655050Investment masLabor Acquisition Date 7/1/20212024-01-012024-12-310001655050bcsf:Notes2.95PercentDueMarch2026Member2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.69% Maturity Date 5/28/20262024-12-310001655050Investment Galeria Acquisition Date 8/1/20242024-01-012024-12-310001655050country:DE2024-01-012024-12-310001655050bcsf:VasaFitnessLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 03/21/20252024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:CongressWealthMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Five Standard Chartered Settlement Date 10/02/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals SunMed Group Holdings, LLC First Lien Senior Secured Loan - Revolver Maturity Date 06/16/20272024-12-310001655050Investment Eleven Software Acquisition Date 4/25/20222025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2024-12-310001655050bcsf:BccMiddleMarketClo2018LlcMemberbcsf:Notes2018OneMember2023-06-150001655050bcsf:NonControlledAffiliatedAndControlledEntityMember2023-12-310001655050Investment WSP Acquisition Date 8/31/20212024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.76% Interest Rate 10.09% Maturity Date 10/11/20272025-09-300001655050bcsf:ArcticGlacierUSAIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:SecondLienSeniorSecuredLoanMember2023-12-310001655050bcsf:ResetNotes2019OneCLOMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.56% Maturity Date 12/29/20282025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberbcsf:EquitySecuritiesFourMemberbcsf:MeasurementInputBookValueMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Lagerbox First Lien Senior Secured Loan Maturity Date 12/20/20282024-12-310001655050bcsf:GaleAviationOffshoreCoMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2023-12-310001655050bcsf:HealthcareAndPharmaceuticalsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050country:NZ2025-01-012025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:HedgeFundsMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass Precision Concepts Parent Inc. First Lien Senior Secured Loan - Revolver Maturity Date 8/2/20322025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Consumer Spotless Brands First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 7/25/20282025-09-300001655050Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.67% Maturity Date 5/12/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan SOFR Spread 5.93% Interest Rate 10.13% Maturity Date 8/31/20282025-09-300001655050bcsf:OrionMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan - Revolver Maturity Date 10/23/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FiveLargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:InvestmentConcentrationRiskMember2025-09-300001655050bcsf:ClassBNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Energy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan SOFR Spread 6.01% Interest Rate 10.21% Maturity Date 11/19/20272025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:CapitalEquipmentSectorMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco SauceCo HoldCo, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.75% Interest Rate 9.75% Maturity Date 5/13/20302025-09-300001655050bcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:ClassA-OneNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Fifty U.S. Bidco Inc First Lien Senior Secured Loan - Delayed Draw Maturity Date 8/1/20312025-09-300001655050bcsf:AdtPizzaLlcMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Owl Acquisition, LLC First Lien Senior Secured Loan - Revolver Maturity Date 4/17/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Settlement Date 10/09/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:SimplicityMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.31% Maturity Date 1/31/20292025-09-300001655050Investment AQ Software Corporation Acquisition Date 4/14/20222025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Datix Bidco Limited First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.29% Maturity Date 4/30/20312025-09-300001655050Investment NPC International, Inc. Acquisition Date 4/1/20212024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 03/10/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Dealer Service Network First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.49% Maturity Date 2/9/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business ACAMS Equity Interest2024-12-310001655050Non-Controlled/Non-Affiliate Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan - Delayed Draw Maturity Date 5/6/20322025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries LogRhythm First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.66% Maturity Date 7/2/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberEnergy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan SOFR Spread 6.01% Interest Rate 10.53% Maturity Date 11/19/20272024-12-310001655050bcsf:InterestRateFloorThreeMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 04/02/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 01/15/20252024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:PantheonMember2021-02-092021-02-090001655050bcsf:IncentiveFeeBasedOnIncomeMember2024-01-012024-09-300001655050bcsf:SumitomoCreditFacilityMember2025-01-012025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:RedNucleusMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Utilities: Wholesale SureWerx First Lien Senior Secured Loan - Revolver CORRA Spread 5.25% Interest Rate 8.42% Maturity Date 12/28/20282024-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan SOFR Spread 4.90% Interest Rate 9.19% Maturity Date 12/19/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.85% Interest Rate 10.07% Maturity Date 12/22/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Utilities: Electric KAMC Holdings, Inc First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.45% Maturity Date 8/1/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Allbridge First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/5/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Beneficium First Lien Senior Secured Loan SONIA Spread 5.75% Interest Rate 9.72% Maturity Date 6/28/20312025-09-300001655050bcsf:RevalizeIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ClassENotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC Equity Interest One2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:MediaDiversifiedAndProductionMember2024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:PrecisionConceptsParentIncMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Media: Advertising, Printing & Publishing T G I Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.11% Interest Rate 11.47% Maturity Date 4/30/20262025-09-300001655050bcsf:BccJetstreamHoldingsAviationOffILlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MinimumMemberbcsf:FirstLienSeniorSecuredLoansOneMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2023-06-300001655050FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 12/23/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberbcsf:SecondLienSeniorSecuredLoanMembersrt:WeightedAverageMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Smartronix First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/20282024-12-310001655050bcsf:EquityInterestsInInvestmentVehiclesMember2024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 7/25/20302025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:EnergyElectricityMember2025-01-012025-09-3000016550502024-06-300001655050bcsf:Notes2.55PercentDueOctober2026Member2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/2027 Two2025-03-310001655050us-gaap:InvestmentAffiliatedIssuerControlledMember2024-07-012024-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/20/20262025-01-012025-09-300001655050bcsf:WalkerEdisonThreeMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.22% Maturity Date 8/16/2027 One2024-12-310001655050bcsf:BCSFAdvisorsLpMemberbcsf:PreIncentiveFeeNetInvestmentIncomeExceedsCatchUpAmountMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/10/20312025-09-300001655050bcsf:PcfMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 7.60% Interest Rate 11.96% Maturity Date 12/16/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP Equity Interest2025-09-300001655050bcsf:BlackbrushOilGasCSMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 9.53% Maturity Date 9/4/20302025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries PayRange First Lien Senior Secured Loan - Revolver Maturity Date 10/31/20302025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-Controlled/Affiliate Investments Beverage, Food & Tobacco ADT Pizza, LLC Equity Interest2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorThreeMember2024-01-012024-12-310001655050Consumer Goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 13.44% Maturity Date 3/31/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassDRTwoZeroOneEightOneNotesMember2025-01-012025-09-300001655050bcsf:Notes595PercentDueMarch2030Member2025-02-060001655050us-gaap:DomesticCountryMember2025-01-012025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DcBloxTwoMemberbcsf:FirstLienSeniorSecuredLoanMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S Equity Interest2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries LogRhythm, Inc. First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.66% Maturity Date 7/2/20292025-09-300001655050bcsf:AsprPacAcquisitionCoLlcMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2024-01-012024-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Saturn Purchaser Corp. First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 9.17% Maturity Date 7/22/20302025-09-300001655050bcsf:SumitomoCreditFacilityMember2025-07-012025-09-300001655050us-gaap:SeniorSubordinatedNotesMember2024-01-012024-12-310001655050bcsf:AxhAirCoolersMemberbcsf:DelayedDrawCommitment1Member2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Beneficium First Lien Senior Secured Loan SONIA Spread 5.75% Interest Rate 9.72% Maturity Date 6/28/20312025-09-300001655050Investment Eagle Rock Capital Corporation Acquisition Date 12/9/20212025-01-012025-09-300001655050bcsf:ConsumerGoodsDurableSectorMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001655050bcsf:NearmapMemberbcsf:RevolverCommitment1Member2025-09-300001655050bcsf:EasyIceMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:TransportationCargoMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive Preferred Equity2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ServicesConsumerMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope Equity Interest2025-09-300001655050bcsf:VesscoWaterMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan - Revolver SOFR Spread 5.10% Interest Rate 9.26% Maturity Date 7/17/20282025-09-300001655050bcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan - Revolver SOFR Spread 7.50% Interest Rate 11.67% Maturity Date 9/30/20292025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ContainersPackagingAndGlassMember2024-01-012024-12-310001655050U.S. Dollar Consumer goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 13.74% Maturity Date 3/31/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 5/1/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 9.76% Maturity Date 10/11/20272025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassBRTwoZeroTwoThreeOneNoteMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Aerospace & Defense Ansett Aviation Training First Lien Senior Secured Loan BBSY Spread 4.69% Interest Rate 9.17% Maturity Date 9/24/20312024-12-310001655050Non-controlled/Affiliated Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.90% PIK Interest Rate 11.48% Maturity Date 3/31/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment PPT Group First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.50% Interest Rate 9.48% Maturity Date 2/28/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 10/02/20262025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.25% Interest Rate 9.22% Maturity Date 2/10/20322025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan Maturity Date 12/31/20312024-12-310001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes2.55PercentDueOctober2026Member2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Chilton First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.82% Maturity Date 2/5/20312025-09-300001655050Services: Business Easy Ice First Lien Senior Secured Loan SOFR Spread 5.40% Interest Rate 9.99% Maturity Date 10/30/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 2/12/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 9.75% PIK Interest Rate 11.78% Maturity Date 7/13/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ICAT Logistics, Inc First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.42% Maturity Date 3/1/20292025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 01/21/20252024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Discovery Senior Living First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.88% Maturity Date 3/18/20302024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberbcsf:EquitySecuritiesOneMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw BKBM Spread 3.94% (2.25% PIK) Interest Rate 10.40% Maturity Date 9/27/20302024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Six Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/4/20302024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 02/24/20262025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMember2024-12-310001655050bcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050bcsf:O2025Q3DividendsMember2025-09-302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 12/19/20252024-01-012024-12-310001655050us-gaap:AerospaceSectorMemberbcsf:InvestmentHoldingMember2024-12-310001655050Investment Superna Inc. Acquisition Date 3/8/20222024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.60% Interest Rate 9.60% Maturity Date 8/22/20292025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Media: Advertising, Printing & Publishing Kpler First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 9.63% Maturity Date 3/3/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Meteor UK Bidco Limited First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.00% Interest Rate 8.97% Maturity Date 5/14/20322025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:UtilitiesWaterMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 01/09/20262025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:BlackbrushOilGasL.pMember2024-01-012024-12-310001655050bcsf:SumitomoCreditFacilityMemberbcsf:RiskFreeRateMemberbcsf:BorrowingBaseEqualToOrGreaterThanProductOf1.60AndRevolvingCreditExposureMember2021-12-242021-12-240001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 01/21/20252024-01-012024-12-310001655050bcsf:ConsumerGoodsNonDurableSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 11/10/20252025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Aerospace & Defense Ansett Aviation Training Equity Interest2025-09-300001655050bcsf:ClassAOneRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-130001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.95% Maturity Date 5/17/20292024-12-310001655050bcsf:WalkerEdisonMemberbcsf:FirstLienSeniorSecuredLoanRevolverMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorFourMember2024-01-012024-12-310001655050bcsf:ConsumerGoodsNonDurableSectorMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorThreeMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers Subordinated Debt Spread 15.00% PIK Interest Rate 15.00% Maturity Date 3/27/20312025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:LightningHoldingsBLlcMember2023-12-310001655050bcsf:RevolverCommitmentMemberbcsf:EngineeredProductsCoLLCMember2025-09-300001655050country:NZ2024-12-310001655050us-gaap:SecuredDebtMemberbcsf:ClassA-3-RRSeniorSecuredFloatingRateMember2025-07-020001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:CAD2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Holdco LP Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan – Revolver SOFR Spread 5.65% (1.50% PIK) Interest Rate 11.48% Maturity Date 5/12/20252024-12-310001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2024-12-310001655050Investment Taoglas Acquisition Date 2/28/20232024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 3/20/20262025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 8.90% Maturity Date 4/15/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries New Gen Holding First Lien Senior Secured Loan EURIBOR Spread 3.25% (3.00% PIK) Interest Rate 8.37% Maturity Date 5/28/20312025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.25% Interest Rate 7.25% Maturity Date 2/10/20322025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberbcsf:PreferredStockThreeMemberbcsf:MeasurementInputBookValueMultipleMember2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:SauceCoHoldCoLLCMember2025-09-300001655050bcsf:EasyIceMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:ElectronicMerchantSystemsMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance MRHT First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.00% Interest Rate 7.00% Maturity Date 5/17/20322025-09-300001655050bcsf:InterestRateFloorFourMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.57% Maturity Date 3/6/20282025-09-300001655050Non-controlled/Affiliated Investments Telecommunications DC Blox First Lien Senior Secured Loan SOFR Spread 1.00% Interest Rate 5.37% Maturity Date 6/20/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Revolver Maturity Date 6/20/20312025-09-300001655050us-gaap:SecuredDebtMember2025-07-022025-07-020001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ContainersPackagingAndGlassMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassD-RSeniorDeferrableFloatingRateNotesMember2025-08-132025-08-130001655050bcsf:McLarensAcquisitionIncMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries PlentyMarkets First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 3.25% (3.70% PIK) Interest Rate 8.89% Maturity Date 4/2/20322025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Easy Ice First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.40% Interest Rate 9.40% Maturity Date 10/30/20302025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InvestmentsOperationsMemberbcsf:InvestmentConcentrationRiskMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/20272025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:WhitcraftParadigmMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense BTX Precision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 7/25/20302025-09-300001655050Controlled Affiliate Investments Aerospace & Defense BCC Jetstream Holdings Aviation (On II), LLC Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Arctic Glacier U.S.A., Inc. First Lien Senior Secured Loan SOFR Spread 6.76% (4.00% PIK) Interest Rate 15.09% Maturity Date 5/24/20282024-12-310001655050bcsf:AxhAirCoolersMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:MediaDiversifiedAndProductionMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ChemicalsPlasticsAndRubberMembercurrency:EUR2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:UtilitiesWaterMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 11/10/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan SOFR Spread 5.93% Interest Rate 10.13% Maturity Date 8/31/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 3/25/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan SOFR Spread 2.00% (4.60% PIK) Interest Rate 10.91% Maturity Date 9/7/20292025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries Utimaco First Lien Senior Secured Loan EURIBOR Spread 5.75% Interest Rate 7.79% Maturity Date 5/14/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.65% Maturity Date 05/08/20262024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries SensorTower First Lien Senior Secured Loan - Revolver Maturity Date 3/15/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Odyssey Behavioral Health First Lien Senior Secured Loan - Revolver Maturity Date 11/21/20302024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Bank of New York Mellon Settlement Date 5/27/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Grammer Investment Holdings LLC Equity Interest2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:HighTechIndustriesMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Metals & Mining Elevation NewCo, LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 8/1/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Advanced Aircrew First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.86% Maturity Date 7/26/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw BBSY Spread 3.63% (1.88% PIK) Interest Rate 9.13% Maturity Date 9/27/20302025-09-300001655050bcsf:TaoglasMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/15/20262025-09-300001655050bcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 05/13/20252024-12-310001655050Investment Taoglas Acquisition Date 6/27/20242024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:ServicesBusinessMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Datix Bidco Limited First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.93% Maturity Date 4/30/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/2028 One2025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:FirstLienSeniorSecuredLoansOneMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterpart Ten Standard Chartered Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 12/23/20272024-12-310001655050Investment PayRange Acquisition Date 10/31/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Spring Finco BV First Lien Senior Secured Loan - Delayed Draw Maturity Date 7/15/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ServicesBusinessMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals SunMed Group Holdings, LLC First Lien Senior Secured Loan - Revolver Maturity Date 6/16/20272025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesOneMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2024-12-310001655050Interest Rate Swap Hedged Items March 2030 Notes Counterparty Wells Fargo Settlement Date 3/15/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/8/20252025-09-300001655050bcsf:WalkerEdisonMemberbcsf:DelayedDrawCommitment1Member2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:SubordinatedDebtMemberbcsf:Notes2025OneMember2025-09-300001655050Non-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 10.93% Maturity Date 9/30/20262025-09-300001655050Hotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.50% Interest Rate 8.50% Maturity Date 3/31/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan - Revolver SOFR Spread 5.60% Interest Rate 9.77% Maturity Date 8/22/20292025-09-300001655050bcsf:ZeusFireAndSecurityMemberbcsf:RevolverCommitmentMember2024-12-310001655050Interest Rate Swap Counterparty Wells Fargo Settlement Date 3/15/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 2/15/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive JHCC Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.85% Maturity Date 9/9/20272024-12-310001655050Investment MZR Aggregator Acquisition Date 12/22/20202024-01-012024-12-310001655050us-gaap:RelatedPartyMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-07-012025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:LightningHoldingsBLlcMember2024-01-012024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ServicesConsumerMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/16/2026 One2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.50% Interest Rate 11.70% Maturity Date 6/29/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.98% Maturity Date 5/17/20292024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:WholesaleMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Parcel2Go Preferred Equity2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forming Machining Industries Holdings, LLC First Lien Senior Secured Loan SOFR Spread 4.40% Interest Rate 8.91% Maturity Date 10/9/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Seven Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:EnergyElectricityMember2024-12-310001655050Investment Elk Acquisition Date 11/1/20192025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 2.60% (4.25% PIK) Interest Rate 11.30% Maturity Date 8/3/20262024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:FirstLienSeniorSecuredLoansThreeMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale Chex Finer Foods, LLC First Lien Senior Secured Loan - Revolver Maturity Date 6/6/20312025-09-300001655050bcsf:DirectTravelIncTwoMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMember2025-09-300001655050Investment BTX Precision Acquisition Date 7/25/20242024-01-012024-12-310001655050bcsf:OrionMemberbcsf:DelayedDrawCommitment1Member2025-09-300001655050us-gaap:RelatedPartyMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Abracon Group Holding, LLC. First Lien Senior Secured Loan SOFR Spread 2.05% (4.60% PIK) Interest Rate 10.92% Maturity Date 7/6/20282025-09-3000016550502024-05-200001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TransportationConsumerSectorMember2024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMemberbcsf:BccMiddleMarketClo20181LlcMember2023-12-310001655050us-gaap:PreferredStockMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:MediaBroadcastingAndSubscriptionMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.88% Maturity Date 1/19/2028 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable WU Holdco, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 3/26/20272024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries LogRhythm First Lien Senior Secured Loan - Revolver Maturity Date 7/2/2029Non-controlled/Non-Affiliated Investments High Tech Industries LogRhythm First Lien Senior Secured Loan - Revolver Maturity Date 7/2/20292024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberEnergy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.78% Maturity Date 11/19/20272024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.67% Maturity Date 5/17/20292025-09-300001655050bcsf:DelayedDrawCommitment1Memberbcsf:AwaydayMember2024-12-310001655050bcsf:SumitomoCreditFacilityMember2022-08-240001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberContainers, Packaging & Glass ASP-r-pac Acquisition Co LLC First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.57% Maturity Date 12/29/20272025-09-300001655050bcsf:RevolverCommitment1Memberbcsf:SurewerxMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Smartronix First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.35% Maturity Date 11/23/2028 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ARL Holdings, Equity Interest One2024-12-310001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2025-09-300001655050us-gaap:PreferredStockMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:ForeignExchangeForwardMemberbcsf:BankOfNewYorkMember2025-09-300001655050bcsf:WalkerEdisonMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer WhiteWater Express Subordinated Debt Spread 14.00% PIK Interest Rate 14.00% Maturity Date 3/31/20312025-09-300001655050Capital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.63% Maturity Date 10/31/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassCNotesTwoZeroTwoFourOneNotesMember2025-01-012025-09-300001655050bcsf:ClassD-OneNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:FirstLienSeniorSecuredLoansMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberRetail Thrasio, LLC Equity Interest2024-12-310001655050bcsf:OwlAcquisitionLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberRetail Thrasio, LLC Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable RoC Skincare First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.96% Maturity Date 2/21/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo REP Coinvest III- A Omni, L.P. Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Cube First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.19% Interest Rate 11.49% Maturity Date 5/20/20312025-09-300001655050Investment HealthDrive Acquisition Date 8/18/20232025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 4/23/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Black Mountain First Lien Senior Secured Loan - Revolver Maturity Date 10/7/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Heads Up Technologies, Inc First Lien Senior Secured Loan – Revolver Maturity Date 7/23/20302025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 5/1/20292025-09-300001655050Investment MZR Aggregator Acquisition Date 12/22/20202025-01-012025-09-300001655050Controlled Affiliate Investments FIRE: Finance Legacy Corporate Lending HoldCo, LLC Equity Interest2025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:PPTGroupMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Fourteen Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:HealthdriveMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:SubordinatedNoteInInvestmentVehiclesMember2023-12-310001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.88% Maturity Date 10/23/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/8/2025 One2025-09-300001655050bcsf:WebcentralMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business cube First Lien Senior Secured Loan - Delayed Draw SOFR Spread 3.00% (4.44% PIK) Interest Rate 11.45% Maturity Date 5/20/20312025-09-300001655050bcsf:Class2RSeniorSecuredFloatingRateNotesMember2021-11-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building AGS American Glass Services Acquisition, LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 7/24/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 3/27/20262025-09-300001655050Investment iBanFirst Facility Acquisition Date 7/13/20212024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan - Revolver SOFR Spread 6.50% Interest Rate 10.50% Maturity Date 7/12/20292025-09-300001655050High Tech Industries Superna Inc. First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.57% Maturity Date 3/6/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/16/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo Preferred Equity2024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC Equity Interest One2025-09-300001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:ClassAOneNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Reconomy First Lien Senior Secured Loan - Delayed Draw Maturity Date 7/12/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Allbridge First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.08% Maturity Date 6/5/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S Equity Interest2025-09-300001655050bcsf:Notes595PercentDueMarch2030Member2025-01-012025-09-300001655050bcsf:InterestRateFloorEightMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business AMI First Lien Senior Secured Loan - Revolver Maturity Date 10/17/20312025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Ventiv Holdco, Inc. Equity Interest2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Six Standard Chartered Settlement Date 10/02/20262025-09-300001655050us-gaap:InterestRateSwapMember2024-01-012024-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 2/15/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroOneEightOneNotesMember2025-08-132025-08-130001655050bcsf:WCIGigawattPurchaserMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ConsumerGoodsNonDurableSectorMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050British Pound Services: Business Learning Pool First Lien Senior Secured Loan SOFR Spread 4.18% (3.50% PIK) Interest Rate 12.51% Maturity Date 7/10/2028 Onebcsf:InternationalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan SOFR Spread 7.75% Interest Rate 12.34% Maturity Date 1/31/20292024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:SpringFincoBvMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance TA/Weg Holdings First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.50% Interest Rate 8.79% Maturity Date 10/2/20282025-09-300001655050FIRE: Finance Congress Wealth First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.93% Maturity Date 6/30/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.87% Maturity Date 5/17/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Evriholder First Lien Senior Secured Loan SOFR Spread 6.90% Interest Rate 11.06% Maturity Date 1/24/20282025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:PreferredStockFourMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Wholesale WSP First Lien Senior Secured Loan SOFR Spread 1.25% Interest Rate 5.45% Maturity Date 4/27/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/10/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2025-07-012025-09-300001655050bcsf:BccJetstreamHoldingsAviationOffILlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.88% Maturity Date 1/19/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 10.23% Maturity Date 3/27/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Aimbridge Acquisition Co., Inc. Second Lien Senior Secured Loan SOFR Spread 7.76% Interest Rate 12.33% Maturity Date 2/01/20272024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerGoodsWholesaleSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business PRGX First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.49% Maturity Date 12/20/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Services: Business Webcentral First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 9.41% Maturity Date 3/3/20302024-12-310001655050bcsf:TransportationConsumerMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.85% Interest Rate 10.21% Maturity Date 4/15/20272024-12-310001655050bcsf:MachAcquisitionRCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/19/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Seventeen Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.56% Maturity Date 10/23/20292025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Chartbeat Subordinated Debt Spread 16.00%PIK Interest Rate 16.00% Maturity Date 10/4/20302025-09-300001655050us-gaap:SecuredDebtMemberbcsf:ClassC-RRSecuredDeferrableFloatingRateNotesMember2025-07-022025-07-020001655050bcsf:RevolverCommitmentMemberbcsf:ElementBuyerIncMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/20/20262025-09-300001655050bcsf:FirstLienSeniorSecuredLoansMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 7/31/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 7/31/20262025-09-300001655050us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EquitySecuritiesMember2024-12-310001655050Non-Controlled/Affiliate Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/2/20262025-09-300001655050bcsf:PharmacyPartnersMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMemberbcsf:Parcel2GoMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound FIRE: Finance Parmenion First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 10.20% Maturity Date 5/11/20292024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Chartbeat Warrants2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Kpler First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 11.12% Maturity Date 3/3/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 7.83% Maturity Date 8/31/20282024-12-310001655050us-gaap:InvestmentAffiliatedIssuerControlledMemberbcsf:TransportationCargoMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ServicesConsumerMember2024-12-310001655050country:NL2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Beneficium First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 10.20% Maturity Date 6/28/20312024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:FirstLienSeniorSecuredLoansOneMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/13/20262025-01-012025-09-300001655050Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 9.53% Maturity Date 9/4/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries Onventis First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 7.50% Interest Rate 11.47% Maturity Date 1/14/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Zeus Fire & Security First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/11/20302024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2025-07-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 1/9/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Utilities: Water Vessco Water First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.11% Maturity Date 7/24/20312024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 1/28/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment PPT Group First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 9.53% Maturity Date 2/28/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.15% (2.00% PIK) Interest Rate 10.48% Maturity Date 5/26/20282024-12-310001655050bcsf:AerospaceAndDefenseSectorMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment East BCC Coinvest II, LLC Equity Interest2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Fineline Technologies, Inc. Equity Interest2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:MediaAdvertisingPrintingAndPublishingMember2024-12-310001655050country:GG2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Accident Care Alliance Holdco LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 8/20/20302025-09-300001655050us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EquitySecuritiesMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 11/10/20252025-09-300001655050bcsf:VasaFitnessLLCMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:SecondLienSeniorSecuredLoansMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Zeus Fire & Security First Lien Senior Secured Loan - Revolver Maturity Date 12/11/20302024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:TelecommunicationsSectorMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClasscRSeniorDeferrableFloatingRateNotesMember2025-08-130001655050bcsf:FireFinanceMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Opus2 Equity Interest2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 5/12/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 12/08/20252025-01-012025-09-300001655050bcsf:RocSkincareMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2023-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerGoodsWholesaleSectorMember2024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:FiftyUSBidcoIncMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 10.88% Maturity Date 8/1/20282025-09-300001655050bcsf:PMAMemberbcsf:RevolverCommitmentMember2024-12-310001655050FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 12/23/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound High Tech Industries Access First Lien Senior Secured Loan SONIA Spread 5.25% Interest Rate 9.95% Maturity Date 6/28/20292024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:TransportationCargoMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business TES Global First Lien Senior Secured Loan SONIA Spread 5.00% Interest Rate 10.20% Maturity Date 7/12/20292024-12-310001655050bcsf:ChexFinerFoodsLLCMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ARL Holdings, LLC Equity Interest2025-09-300001655050bcsf:InterestRateFloorOneMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050us-gaap:AerospaceSectorMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050bcsf:RetailNextMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Black Mountain First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/7/20302024-12-310001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassCRTwoZeroOneEightOneNotesMember2024-03-132024-03-130001655050Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.98% Maturity Date 11/6/2025bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Services: Business Datix Bidco Limited First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.29% Maturity Date 4/30/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTelecommunications Inmarsat First Lien Senior Secured Loan SOFR Spread 4.50% Interest Rate 8.86% Maturity Date 9/27/20292024-12-310001655050Controlled Affiliate Investments Services: Consumer Surrey Bidco Limited First Lien Senior Secured Loan SONIA Spread 7.28%PIK Interest Rate 11.25% Maturity Date 12/31/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ARL Holdings, Equity Interest2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:PreferredStockMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 03/10/20262025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:GillsPointSMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:ClassAOneNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Applitools First Lien Senior Secured Loan - Revolver Maturity Date 5/25/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst Facility Preferred Equity2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business TES Global First Lien Senior Secured Loan SONIA Spread 5.00% Interest Rate 9.03% Maturity Date 2/1/20292025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/27/20302024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:ConcertGolfPartnersHoldcoLlcMember2025-09-300001655050bcsf:SolarayLLCMemberbcsf:RevolverCommitmentMember2024-12-310001655050Investment Sikich Acquisition Date 5/6/20242024-01-012024-12-310001655050bcsf:O2025Q1DividendsMember2025-03-312025-03-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP Equity Interest2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Ten Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:FireInsuranceMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050Investment Superna Inc. Acquisition Date 3/8/20222025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Six Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:FireInsuranceMemberbcsf:InvestmentHoldingMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass ASP-r-pac Acquisition Co LLC First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.85% Maturity Date 12/29/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Hempz First Lien Senior Secured Loan Spread 5.25% Interest Rate 9.25 Maturity Date 10/25/20292025-09-300001655050us-gaap:FairValueInputsLevel1Member2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business AMI First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.69% Maturity Date 10/17/20312024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:SubordinatedNoteInInvestmentVehiclesMember2024-12-310001655050bcsf:SensortowerMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:MetalsMiningMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FiveLargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:InvestmentConcentrationRiskMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberMedia: Advertising, Printing & Publishing AdThrive First Lien Senior Secured Loan SOFR Spread 4.36% Interest Rate 8.53% Maturity Date 3/23/20282025-09-300001655050Investment CB Titan Holdings, Inc. Acquisition Date 5/1/20172025-01-012025-09-300001655050bcsf:ClassBRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-130001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Learning Pool First Lien Senior Secured Loan SOFR Spread 4.18% (3.50% PIK) Interest Rate 12.51% Maturity Date 7/10/20282024-12-310001655050country:NZ2024-01-012024-12-310001655050Investment AGS American Services Investments, L.P. Acquisition Date 7/24/20242025-01-012025-09-300001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMember2024-12-310001655050bcsf:BeneficiumMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:WalkerEdisonMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050U.S. Dollar Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.58% Maturity Date 3/10/20282024-12-310001655050bcsf:NonControlledAffiliatedAndControlledEntityMember2025-09-300001655050bcsf:Notes2.95PercentDueMarch2026Member2021-03-102021-03-100001655050Forward Foreign Currency Exchange Contracts Counterparty Thirteen Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 12/08/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable WU Holdco, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 3/26/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan - Revolver SOFR Spread 6.25% Interest Rate 10.81% Maturity Date 12/29/20282024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Chartbeat Subordinated Debt Spread 16.00%PIK Interest Rate 16.00% Maturity Date 10/4/2030 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass ASP-r-pac Acquisition Co LLC First Lien Senior Secured Loan - Revolver SOFR Spread 6.11% Interest Rate 10.28% Maturity Date 12/29/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Sixteen Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MediaDiversifiedAndProductionMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerSectorDurableMember2025-09-300001655050bcsf:ClassCNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050us-gaap:InvestmentAffiliatedIssuerControlledMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.51% Maturity Date 3/31/20292025-09-300001655050bcsf:ClassA1RRSeniorSecuredFloatingRateNotesMember2025-01-012025-09-300001655050Controlled Affiliate Investments Aerospace & Defense BCC Jetstream Holdings Aviation (On II), LLC First Lien Senior Secured Loan Spread 10.00% Interest Rate 10.00% Maturity Date 6/2/20242024-12-310001655050Investment Robinson Helicopter Acquisition Date 6/30/20222024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:BtxPrecisionMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business SoftCo First Lien Senior Secured Loan EURIBOR Spread 6.50% Interest Rate 8.51% Maturity Date 2/22/20312025-09-300001655050bcsf:PreferredStockOneMemberus-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Reconomy First Lien Senior Secured Loan EURIBOR Spread 6.00% Interest Rate 8.68% Maturity Date 7/12/20292024-12-310001655050bcsf:ClassAOneRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-08-130001655050Non-controlled/Non-Affiliated Investments Services: Business E-Tech Group First Lien Senior Secured Loan - Revolver Maturity Date 4/9/20302024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Access First Lien Senior Secured Loan SONIA Spread 5.25% Interest Rate 9.22% Maturity Date 6/28/20292025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MinimumMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.88% Maturity Date 1/19/20282024-12-310001655050Retail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.58% Maturity Date 6/18/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw EURIBOR Maturity Date 12/18/20302024-12-310001655050bcsf:BeaconSpecializedLivingMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:DCBloxFiveMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health Equity Interest2024-12-310001655050Aerospace & Defense Forward Slope First Lien Senior Secured Loan – Delayed Draw SOFR Spread 6.85% Interest Rate 11.18% Maturity Date 8/22/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Consumer Goods: Wholesale WSP First Lien Senior Secured Loan SOFR Spread 1.15% (4.00% PIK) Interest Rate 9.74% Maturity Date 4/27/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% (1.25% PIK) Interest Rate 11.21% Maturity Date 8/3/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Revolver Maturity Date 03/19/20272024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries SensorTower First Lien Senior Secured Loan - Revolver Maturity Date 3/15/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.60% Interest Rate 9.96% Maturity Date 12/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business masLabor First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.46% Maturity Date 7/1/20272025-09-300001655050country:IT2024-12-310001655050bcsf:DcBloxThreeMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FireFinanceMembercurrency:GBP2025-09-300001655050bcsf:AegVisionMemberbcsf:DelayedDrawCommitment1Member2024-12-310001655050bcsf:ServiceMasterMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Seven Standard Chartered Settlement Date 10/09/20252025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050bcsf:AerospaceAndDefenseSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050U.S. Dollar Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan SOFR Spread 5.68% Interest Rate 10.09% Maturity Date 8/31/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.03% Maturity Date 8/16/2027 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.12% Interest Rate 10.82% Maturity Date 6/24/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassbRSeniorDeferrableFloatingRateNotesMember2025-08-130001655050bcsf:FactsGlobalEnergyMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.18% Maturity Date 8/22/20292024-12-310001655050bcsf:MeteorUKBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050country:BE2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/19/20272024-12-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.50% Interest Rate 8.62% Maturity Date 12/18/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 11/10/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 10.58% Maturity Date 5/1/20292024-12-310001655050Investment Titan Cloud Software, Inc Acquisition Date 11/4/20222024-01-012024-12-310001655050bcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:BccMiddleMarketClo20181LlcMember2024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 5/12/20262025-01-012025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:SurreyBidcoLimitedMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 01/09/20252024-01-012024-12-310001655050bcsf:FireInsuranceMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Services: Business iBanFirst First Lien Senior Secured Loan EURIBOR Spread 9.75% PIK Interest Rate 11.77% Maturity Date 7/13/20282025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:PreferredStockThreeMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:TelecommunicationsSectorMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberRetail Thrasio, LLC Equity Interest Two2024-12-310001655050bcsf:SubordinatedNoteInInvestmentVehiclesMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.89% Maturity Date 6/18/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 01/15/20252024-12-310001655050Consumer Goods: Non-Durable Summer Fridays, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 5/16/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050srt:MaximumMember2019-05-070001655050Non-controlled/Non-Affiliated Investments High Tech Industries SAM First Lien Senior Secured Loan Spread 13.50% PIK Interest Rate 13.50% Maturity Date 5/9/20282024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 12/31/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/8/2025 One2025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ServicesBusinessMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 06/02/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst Facility Preferred Equity2025-09-300001655050us-gaap:PreferredStockMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:OrionMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 10/21/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable Tangent Technologies Acquisition, LLC Second Lien Senior Secured Loan SOFR Spread 8.90% Interest Rate 13.39% Maturity Date 5/30/20282024-12-310001655050bcsf:GaleAviationOffshoreCoMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassENotesMember2024-07-102024-07-100001655050bcsf:SumitomoCreditFacilityMemberbcsf:BorrowingBaseEqualToOrGreaterThanProductOf1.60AndRevolvingCreditExposureMemberus-gaap:FederalFundsEffectiveSwapRateMember2021-12-242021-12-240001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:CAD2025-09-300001655050bcsf:TelecommunicationsMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.12% Maturity Date 5/28/20282025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Cloud Technology Solutions (CTS) Preferred Equity2024-12-310001655050bcsf:InvestmentsOperationsMemberbcsf:LargestInvesteeMemberbcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InvestmentConcentrationRiskMember2024-12-310001655050bcsf:UtilitiesWaterMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/10/20252024-12-310001655050country:LU2025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/10/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Duraco First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.79% Maturity Date 6/6/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan Spread 10.00% PIK Interest Rate 13.00% Maturity Date 7/13/2028 Two2024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:RedNucleusMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/20/2031 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive Intoxalock First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 11/1/20282024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:HotelGamingAndLeisureMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber AP Plastics Group, LLC First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 8.98% Maturity Date 8/10/20302025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:BlackMountainMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo RoadOne First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.56% Maturity Date 12/29/20282025-09-300001655050Investment Advanced Aircrew Acquisition Date 7/6/20242024-01-012024-12-310001655050bcsf:ConsumerGoodsNonDurableSectorMemberbcsf:InvestmentHoldingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Discovery Senior Living First Lien Senior Secured Loan - Revolver Maturity Date 3/18/20302025-09-300001655050Investment Brook Bidco Acquisition Date 7/8/20212024-01-012024-12-310001655050bcsf:WalkerEdisonMemberbcsf:FirstLienSeniorSecuredLoanRevolverMemberbcsf:NonControlledAffiliatedEntityMember2023-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco Equity Interest2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency FIRE: Insurance MRHT First Lien Senior Secured Loan EURIBOR Spread 6.50% Interest Rate 9.53% Maturity Date 2/1/20292024-12-310001655050bcsf:AdvancedAircrewMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Discovery Senior Living First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 3/18/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.04% Maturity Date 5/28/20282025-09-300001655050bcsf:NewLookVisionGroupMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 12/08/20252025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ConsumerDurableMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/20/2026 Two2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Easy Ice First Lien Senior Secured Loan - Revolver Maturity Date 10/30/20302024-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 09/10/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.56% Maturity Date 10/23/20292025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMemberbcsf:BlackbrushOilGasL.pMember2023-12-310001655050bcsf:SumitomoCreditFacilityMember2021-12-242021-12-240001655050Forward Foreign Currency Exchange Contracts Counterparty Fourteen Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 03/21/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 9.78% Maturity Date 10/11/20272025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:TesGlobalMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan - Revolver Maturity Date 10/11/20272024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberEnergy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan SOFR Spread 6.01% Interest Rate 10.21% Maturity Date 11/19/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/18/20252024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMemberbcsf:FirstLienSeniorSecuredLoanMember2024-12-310001655050us-gaap:WarrantMember2023-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 10.11% Maturity Date 10/11/20272024-12-310001655050bcsf:SGGlobalMidcoLimitedMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ContainersPackagingAndGlassMember2024-12-310001655050bcsf:AccidentCareAllianceHoldcoLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:VesscoWaterMember2024-12-310001655050bcsf:ChemicalsPlasticsAndRubberMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050bcsf:AerospaceAndDefenseSectorMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:BlackbrushOilGasL.pMember2023-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan EURIBOR Spread 9.75% PIK Interest Rate 11.77% Maturity Date 7/13/2028 Two2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Revolver Maturity Date 8/20/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 5/1/20292025-09-300001655050country:KY2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterpart Ten Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan EURIBOR Spread 5.75% Interest Rate 7.78% Maturity Date 12/22/20272025-09-300001655050us-gaap:WarrantMember2025-09-300001655050bcsf:DatixBidcoLimitedMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.69% Maturity Date 3/19/20272024-12-310001655050FIRE: Insurance Simplicity First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 12/31/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Saturn Purchaser Corp. First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 10.49% Maturity Date 7/23/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 6.01 (1.00% PIK) Interest Rate 11.24% Maturity Date 12/31/20292025-09-300001655050Investment AQ Software Corporation Acquisition Date 12/29/20222024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan - Revolver Maturity Date 8/7/20302025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Datix Bidco Limited First Lien Senior Secured Loan SONIA Spread 5.25% Interest Rate 9.40% Maturity Date 4/30/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo Equity Interest2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:PantheonMember2024-12-310001655050bcsf:Notes2019OneMember2021-11-302021-11-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Consumer Eagle Parent Corp First Lien Senior Secured Loan SOFR Spread 4.25% Interest Rate 8.58% Maturity Date 4/2/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 11.19% Maturity Date 2/3/2028 Two2025-09-300001655050Services: Business TEI Holdings Inc. First Lien Senior Secured Loan SOFR Spread 4.00% Interest Rate 8.00% Maturity Date 4/9/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Opus2 First Lien Senior Secured Loan SONIA Spread 5.53% Interest Rate 9.49% Maturity Date 5/5/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 10/2/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/20/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Efficient Collaborative Retail Marketing Company, LLC First Lien Senior Secured Loan SOFR Spread 7.01% (2.50% PIK) Interest Rate 13.51% Maturity Date 9/30/20262025-09-300001655050bcsf:ServiceMasterMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2021-02-092021-02-090001655050bcsf:DelayedDrawCommitmentMemberbcsf:WhitcraftParadigmMember2024-12-310001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.15% (1.50% PIK) Interest Rate 12.08% Maturity Date 2/23/20282024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance PCF First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 11/1/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Citadel First Lien Senior Secured Loan SOFR Spread 2.00% Interest Rate 6.57% Maturity Date 10/31/20312024-12-310001655050bcsf:WalkerEdisonThreeMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050bcsf:ClassAJRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-132024-03-130001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:WarrantMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050Retail Thrasio, LLC Equity Interest Onebcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:AerospaceSectorMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Arctic Glacier U.S.A., Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 6.76% (4.00% PIK) Interest Rate 15.05% Maturity Date 5/24/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberRetail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.89% Maturity Date 6/18/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance PMA First Lien Senior Secured Loan SOFR spread 4.75% Interest Rate 8.75% Maturity Date 1/31/20312025-09-3000016550502024-01-012024-12-310001655050bcsf:SimplicityMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:RevolverCommitment1Memberbcsf:ForwardSlopeMember2025-09-300001655050Non-controlled/Affiliated Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan - Revolver SOFR Spread 6.40% Interest Rate 11.06% Maturity Date 3/31/20272024-12-310001655050Healthcare & Pharmaceuticals Psychiatric Medical Care LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.74% Maturity Date 7/1/2032bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:DelayedDrawCommitment1Memberbcsf:BtxPrecisionMember2024-12-310001655050us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-01-012024-09-300001655050bcsf:RevolverCommitmentMemberbcsf:ChaseIndustriesIncMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Electronic Merchant Systems Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 6.01% (1.00% PIK) Interest Rate 11.22% Maturity Date 8/16/20272024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:CapitalEquipmentSectorMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber AP Plastics Group, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.85% Interest Rate 8.98% Maturity Date 8/10/20302025-09-300001655050bcsf:InterestRateFloorFiveMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberContainers, Packaging & Glass ASP-r-pac Acquisition Co LLC First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.85% Maturity Date 12/29/20272024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Ventiv Holdco, Inc. Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Easy Ice First Lien Senior Secured Loan SOFR Spread 5.40% Interest Rate 9.71% Maturity Date 10/30/20302025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2025-09-300001655050bcsf:FireInsuranceMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Darcy Partners Equity Interest2024-12-310001655050bcsf:RoadoneMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:NewMilaniGroupLLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BeverageFoodandTobaccoSectorMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries RetailNext First Lien Senior Secured Loan - Revolver SOFR Spread 7.00% Interest Rate 11.00% Maturity Date 12/5/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable Tangent Technologies Acquisition, LLC Second Lien Senior Secured Loan SOFR Spread 9.00% Interest Rate 13.01% Maturity Date 5/30/20282025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.88% Maturity Date 5/14/20292025-09-300001655050bcsf:ClassAOneRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-08-132025-08-130001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 03/10/20262025-09-300001655050Controlled Affiliate Investments FIRE: Finance Legacy Corporate Lending HoldCo, LLC Equity Interest2024-12-310001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:WarrantMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Mach Acquisition R/C First Lien Senior Secured Loan - Revolver SOFR Spread 7.65% Interest Rate 12.17% Maturity Date 10/19/20262024-12-310001655050us-gaap:SeniorSubordinatedNotesMember2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:HeadsUpTechnologiesIncMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.63% Maturity Date 10/31/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan EURIBOR Spread 9.75% PIK Interest Rate 11.77% Maturity Date 7/13/2028 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Pharmacy Partners First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 11.01% Maturity Date 02/28/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Zeus Fire & Security First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.22% Maturity Date 12/11/20302025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberNew Zealand Dollar Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw BKBM Spread 3.63% (1.88% PIK) Interest Rate 8.35% Maturity Date 9/27/20302025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Margaux Acquisition Inc. First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.96% Maturity Date 12/19/20252024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MembershipInterestsMemberbcsf:Notes2023OneMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers Preferred Equity2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:MediaAdvertisingPrintingAndPublishingMember2024-12-310001655050Retail New Look (Delaware) Corporation First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.98% Maturity Date 5/26/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 10/02/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 10/02/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/15/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable WU Holdco, Inc First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 3/26/2027 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 11.19% Maturity Date 2/3/20282025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:CapitalEquipmentSectorMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2024-12-310001655050Investment International Senior Loan Program, LLC Acquisition Date 2/22/20212025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/2027 Two2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Odyssey Behavioral Health Equity Interest2024-12-310001655050Services: Business DTIQ First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.86% Maturity Date 9/30/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC Equity Interest2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:RelatedPartyMember2024-07-012024-09-300001655050bcsf:ApprissHoldingsIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:HealthcareAndPharmaceuticalsMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InterestRateFloorSixMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 8.72% Maturity Date 08/09/2031Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 8.02% Maturity Date 05/30/20312024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 10/17/20312024-12-310001655050bcsf:ConsumerGoodsWholesaleSectorMemberbcsf:InvestmentHoldingMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Easy Ice First Lien Senior Secured Loan SOFR Spread 5.40% Interest Rate 9.99% Maturity Date 10/30/20302024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:SubordinatedNoteInInvestmentVehiclesMembersrt:MinimumMemberbcsf:MeasurementInputRecoveryRateMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer CorePower Yoga, LLC First Lien Senior Secured Loan - Revolver Maturity Date 4/30/20312025-09-300001655050bcsf:WalkerEdisonOneMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan EURIBOR Spread 9.75% PIK Interest Rate 11.77% Maturity Date 7/13/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ChemicalsPlasticsAndRubberMembercurrency:USD2024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Plaskolite PPC Intermediate II LLC First Lien Senior Secured Loan - Revolver SOFR Spread 7.00% Interest Rate 11.22% Maturity Date 2/7/20302025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassA-OneLoansTwoZeroTwoFive-OneNotesMember2025-09-300001655050Investment AXH Air Coolers Acquisition Date 10/31/20232024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass Precision Concepts Canada Corporation First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.95% Maturity Date 8/2/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 03/10/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Reconomy First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 10.95% Maturity Date 7/12/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.25% Interest Rate 10.56% Maturity Date 12/29/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/27/20302025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberBanking, Finance, Insurance & Real Estate Electronic Merchant Systems First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 8/1/20302024-12-310001655050bcsf:WalkerEdisonMemberbcsf:FirstLienSeniorSecuredLoanRevolverMemberbcsf:NonControlledAffiliatedEntityMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:EnvironmentalIndustriesSectorMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberBanking, Finance, Insurance & Real Estate Morrow Sodali Global LLC First Lien Senior Secured Loan SOFR Spread 5.73% Interest Rate 10.09% Maturity Date 4/25/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MM222CreditFacilityMember2022-08-242022-08-240001655050Forward Foreign Currency Exchange Contracts Counterparty Five Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2021-02-090001655050Non-controlled/Non-Affiliated Investments Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.50% Interest Rate 10.63% Maturity Date 12/18/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Master ConcessionAir First Lien Senior Secured Loan SOFR Spread 8.75% Interest Rate 12.75% Maturity Date 6/21/20292025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.89% Interest Rate 8.89% Maturity Date 4/15/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable New Milani Group LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/26/20312025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/6/20282025-09-300001655050bcsf:PolloTropicalMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 8.97% Maturity Date 10/17/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MMCLOWH3CreditFacilityMember2024-12-092024-12-090001655050bcsf:AdtPizzaLlcMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMember2023-12-310001655050FIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 11.02% Maturity Date 8/1/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InterestRateFloorFiveMember2025-01-012025-09-300001655050bcsf:EquityInterestsInInvestmentVehiclesMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest 10.42% Date 12/22/20272024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Services: Business Easy Ice First Lien Senior Secured Loan SOFR Spread 5.40% Interest Rate 9.71% Maturity Date 10/30/20302025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/28/20272025-01-012025-09-300001655050bcsf:Classa1rSeniorSecuredFloatingRateNotesMember2021-11-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncOneMemberbcsf:FirstLienSeniorSecuredLoanMember2023-12-310001655050bcsf:SumitomoCreditFacilityMemberbcsf:BorrowingBaseEqualToOrGreaterThanProductOf1.60AndRevolvingCreditExposureMemberbcsf:AlternateBaseRateMember2021-12-242021-12-240001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 11/10/20252024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Pharmathen First Lien Senior Secured Loan- Revolver EURIBOR Spread 5.68% Interest Rate 8.26% Maturity Date 10/25/20282024-12-310001655050bcsf:HealthcareAndPharmaceuticalsMemberbcsf:InvestmentHoldingMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look (Delaware) Corporation First Lien Senior Secured Loan CORRA Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.64% Maturity Date 5/17/20292025-09-300001655050bcsf:InterestRateFloorSixMember2025-01-012025-09-300001655050Investment Voltaire Topco Limited Acquisition Date 8/28/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/13/20252024-01-012024-12-310001655050bcsf:FirstLienSeniorSecuredLoansMember2025-01-012025-09-300001655050bcsf:SecondLienSeniorSecuredLoansMember2024-12-310001655050bcsf:DarcyPartnersMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. Equity Interest2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-130001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 6.00% Interest Rate 8.68% Maturity Date 7/12/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:AerospaceAndDefenseSectorMembercurrency:AUD2024-12-310001655050Hotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.57% Maturity Date 1/19/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing AdThrive First Lien Senior Secured Loan SOFR Spread 4.36% Interest Rate 8.72% Maturity Date 3/23/20282024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan - Revolver SOFR Spread 2.00% (4.60% PIK) Interest Rate 11.03% Maturity Date 9/7/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/15/20262025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:InvestmentVehiclesMember2024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MaximumMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLLCMemberbcsf:PantheonMember2021-02-090001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/23/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo First Lien Senior Secured Loan EURIBOR Spread 6.75% Interest Rate 8.75% Maturity Date 9/26/20312025-09-300001655050bcsf:Notes595PercentDueMarch2030Member2024-01-012024-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 01/15/20252024-01-012024-12-310001655050bcsf:WUHoldcoIncMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals CRH Healthcare Purchaser, Inc. First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/17/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.50% Interest Rate 10.62% Maturity Date 12/18/20302025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NZD2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar High Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 12/9/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% (1.25% PIK) Interest Rate 11.21% Maturity Date 8/3/2026 Four2024-12-310001655050Investment BCSF ServiceMaster Investments, LLC Acquisition Date 8/8/20252025-01-012025-09-300001655050bcsf:AsprPacAcquisitionCoLlcMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:HighTechIndustriesMember2024-12-310001655050Investment Precision Ultimate Holdings, LLC Acquisition Date 10/7/20242025-01-012025-09-300001655050bcsf:ClassA-OneNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberEnergy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan SOFR Spread 6.26% Interest Rate 10.46% Maturity Date 11/19/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Equity Interest2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Eleven Standard Chartered Settlement Date 10/09/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Beneficium First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/28/20312025-09-300001655050bcsf:AllworthMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Robinson Helicopter Equity Interest2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.18% Maturity Date 8/22/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.26% Maturity Date 12/20/2031 One2025-09-300001655050bcsf:DelayedDrawCommitment1Memberbcsf:FactsGlobalEnergyMember2024-12-310001655050bcsf:WalkerEdisonMemberbcsf:DelayedDrawCommitment1Member2024-12-310001655050srt:MaximumMember2025-01-012025-09-300001655050bcsf:ApolloIntelligenceMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:Notes2025OneMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorEightMember2024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:AGSAmericanGlassServicesAcquisitionLLCMember2025-09-300001655050bcsf:PPTGroupMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:FireInsuranceMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:FireFinanceMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InterestRateFloorEightMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan EURIBOR Spread 5.50% Interest Rate 7.54% Maturity Date 8/31/20282025-09-300001655050bcsf:Notes2019OneMemberbcsf:BccMiddleMarketClo2019LlcMember2023-06-152023-06-150001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 12/08/20252025-01-012025-09-300001655050Non-controlled/Affiliated Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.90% PIK Interest Rate 11.36% Maturity Date 3/31/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:EnvironmentalIndustriesSectorMember2025-09-300001655050Investment TLC Holdco LP Acquisition Date 10/11/20192025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Le Berger SA First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 3.75% Interest Rate 5.75% Maturity Date 2/21/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 11/10/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Spotless Brand First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.78% Maturity Date 7/25/20282024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:CapitalEquipmentSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. Preferred Equity2024-12-310001655050Non-controlled/Affiliated Investments Aerospace & Defense Ansett Aviation Training Equity Interest2024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:DiscoverySeniorLivingMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals CRH Healthcare Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.27% Maturity Date 9/17/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business masLabor Equity Interest2025-09-300001655050bcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMember2025-09-300001655050bcsf:SurewerxMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:EnergyElectricityMember2023-12-310001655050bcsf:StructuredProductsMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan - Revolver SOFR Spread 2.00% (4.60% PIK) Interest Rate 10.91% Maturity Date 9/7/20282025-09-300001655050bcsf:ClassA-TwoLoansTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:ConsumerNonDurableMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InvestmentHoldingMemberus-gaap:AutomotiveSectorMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/22/20252024-01-012024-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2023-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.85% Interest Rate 9.87% Maturity Date 9/7/20292025-09-300001655050bcsf:DirectTravelIncMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2023-12-310001655050bcsf:GaapIncentiveFeeMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment Engineered Products Co., LLC First Lien Senior Secured Loan - Revolver Maturity Date 8/12/20312025-09-300001655050bcsf:CubeMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 5/1/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building G702 Buyer, Inc. First Lien Senior Secured Loan - Revolver Maturity Date 7/2/20312025-09-300001655050Non-controlled/Affiliated Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan SOFR Spread 6.90% PIK Interest Rate 11.56% Maturity Date 3/31/20272024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.57% Maturity Date 1/19/2028 One2025-09-300001655050bcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncOneMember2023-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.63% Maturity Date 12/9/20292024-12-310001655050bcsf:FiveLargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InvestmentConcentrationRiskMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity SOFR Spread 10.00%PIK Interest Rate 14.26% Two2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ContainersPackagingAndGlassMember2024-12-310001655050Investment Ventiv Holdco, Inc. Acquisition Date 9/3/20192025-01-012025-09-300001655050Investment AQ Software Corporation Acquisition Date 12/10/20212024-01-012024-12-310001655050Investment ADT Pizza, LLC Acquisition Date 10/29/20182025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Easy Ice First Lien Senior Secured Loan - Revolver SOFR Spread 5.40% Interest Rate 9.71% Maturity Date 10/30/20302025-09-300001655050bcsf:WealthEnhancementGroupWegMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look (Delaware) Corporation First Lien Senior Secured Loan CORRA Spread 4.32% (2.00% PIK) Interest Rate 10.25% Maturity Date 5/26/20282024-12-310001655050bcsf:ZeusFireAndSecurityMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Utilities: Water Vessco Water First Lien Senior Secured Loan - Revolver Maturity Date 7/24/20312025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2025-09-300001655050Controlled Affiliate Investments Investment Vehicles International Senior Loan Program, LLC Equity Interest Investment Vehicles2024-12-310001655050Investment Elevation NewCo Intermediate, LLC Acquisition Date 8/1/20252025-01-012025-09-300001655050us-gaap:EquitySecuritiesMember2024-12-310001655050bcsf:McLarensAcquisitionIncMemberbcsf:DelayedDrawCommitment1Member2025-09-300001655050bcsf:Notes2019OneMember2019-08-282019-08-280001655050bcsf:InvestmentHoldingMemberbcsf:MediaBroadcastingAndSubscriptionMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Govineer Solutions (fka Black Mountain) First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 10/7/20302025-09-300001655050us-gaap:ForeignExchangeForwardMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/20/20262025-01-012025-09-300001655050bcsf:NafincoMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/20/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 03/10/20262025-01-012025-09-300001655050bcsf:BankingFinanceInsuranceAndRealEstateMemberbcsf:InvestmentHoldingMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Elevator Holdco Inc. Equity Interest2025-09-300001655050us-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Chex Finer Foods, LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/6/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/12/20252024-01-012024-12-310001655050country:GG2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business SoftCo First Lien Senior Secured Loan EURIBOR Spread 7.00% Interest Rate 9.91% Maturity Date 02/22/20312024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MM233CreditFacilityMember2023-09-272023-09-270001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity SOFR Spread 10.00%PIK Interest Rate 14.26% Three2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 3/30/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity Two2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software Preferred Equity2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:EnvironmentalIndustriesSectorMember2024-12-310001655050Investment Insigneo Financial Group LLC Acquisition Date 8/1/20222025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 12/08/20252025-01-012025-09-300001655050bcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncMember2023-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.75% Interest Rate 10.05% Maturity Date 7/12/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTelecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.26% Maturity Date 7/17/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 11/10/20252024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:DarcyPartnersMemberbcsf:RevolverCommitmentMember2025-09-300001655050Investment Eagle Rock Capital Corporation Acquisition Date 12/9/20212024-01-012024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2025-09-300001655050Controlled Affiliate Investments Services: Business Parcel2Go First Lien Senior Secured Loan SONIA Spread 7.00% Interest Rate 10.97% Maturity Date 11/26/20312025-09-300001655050Forecast Product & Paper Multi-Color Corp First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 10/29/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:NonControlledAffiliatedEntityMember2025-09-300001655050Non-Controlled/Non-Affiliate Investments Hotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan SOFR Spread 4.50% Interest Rate 8.50% Maturity Date 3/31/20312025-09-300001655050bcsf:LargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InvestmentConcentrationRiskMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:ServicesBusinessMember2025-09-300001655050country:JE2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:MediaBroadcastingAndSubscriptionMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Morrow Sodali First Lien Senior Secured Loan – Revolver SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 4/25/20282024-12-310001655050bcsf:LogrhythmMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:Notes2.95PercentDueMarch2026Member2021-03-100001655050Forward Foreign Currency Exchange Contracts Counterparty Two BNP Paribas Settlement Date 06/02/20262025-09-300001655050bcsf:WalkerEdisonMemberbcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLLCMember2021-02-090001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries Onventis First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 7.25% Interest Rate 9.20% Maturity Date 1/14/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.66% Maturity Date 9/30/20292025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:HighTechIndustriesMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/06/20312024-12-310001655050bcsf:SubAdministratorMember2024-01-012024-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Investment BCC Jetstream Holdings Aviation (Off I), LLC Acquisition Date 6/1/20172025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.74%2024-12-310001655050bcsf:ControlledAffiliatedEntityMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 03/20/20252024-01-012024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:HotelGamingAndLeisureMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/22/20252024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorSevenMember2024-01-012024-12-310001655050bcsf:ClassAJRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-03-130001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberWholesale Abracon Group Holding, LLC. First Lien Senior Secured Loan SOFR Spread 2.05% (4.60% PIK) Interest Rate 11.30% Maturity Date 7/6/20282024-12-310001655050bcsf:ClassATwoRTwoZeroOneEightOneNotesMember2024-03-130001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:FirstLienSeniorSecuredLoansOneMembersrt:MaximumMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDus-gaap:AutomotiveSectorMember2025-09-300001655050bcsf:ClassA-TwoLoansTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Investment Fineline Technologies, Inc. Acquisition Date 2/22/20212024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Sikich Warrants2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business TES Global First Lien Senior Secured Loan - Revolver Maturity Date 1/27/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 12/08/20252025-09-300001655050Non-Controlled/Non-Affiliate Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan - Revolver Maturity Date 5/6/20322025-09-300001655050bcsf:GoldmanSachsFinancialSquareGovernmentFundInstitutionalShareClassMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Datix Bidco Limited First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.86% Maturity Date 10/30/20302024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorTwoMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Elk Parent Holdings, LP Preferred Equity2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 02/24/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroOneEightOneNotesMember2025-08-130001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.18% Maturity Date 8/22/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment Ergotron Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.61% Maturity Date 7/6/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 10.03% Maturity Date 5/17/20292024-12-310001655050bcsf:SubAdministratorMember2025-01-012025-09-300001655050bcsf:MrhtMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 11.70% Maturity Date 6/29/20292024-12-310001655050British Pound Services: Business Opus2 First Lien Senior Secured Loan SONIA Spread 5.53% Interest Rate 10.48% Maturity Date 5/5/2028bcsf:InternationalSeniorLoanProgramLlcMember2024-12-310001655050Services: Business Discovery Senior Living First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.88% Maturity Date 3/18/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:NZDbcsf:BeverageFoodandTobaccoSectorMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/8/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 7.00% Interest Rate 11.28% Maturity Date 12/22/20262024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:BeverageFoodandTobaccoSectorMember2025-09-300001655050bcsf:AtsMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.25% Maturity Date 2/28/2029 One2025-09-300001655050bcsf:SurewerxMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/2027 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master Preferred Equity2025-09-300001655050bcsf:NafincoMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:HighTechIndustriesMember2025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:HedgeFundsMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Sikich Warrants One2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:LargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:InvestmentConcentrationRiskMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries SensorTower First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.85% Maturity Date 3/15/20292024-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:LightningHoldingsBLlcMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:TransportationConsumerSectorMember2024-12-310001655050bcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMemberbcsf:Parcel2GoMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale Abracon Group Holding, LLC. First Lien Senior Secured Loan SOFR Spread 2.05% (4.60% PIK) Interest Rate 11.30% Maturity Date 7/6/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.11% Interest Rate 11.47% Maturity Date 4/30/20262025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Citibank Settlement Date 1/9/20252024-12-310001655050country:LU2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 11.19% Maturity Date 2/3/20282025-09-300001655050bcsf:HealthcareAndPharmaceuticalsMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries SensorTower Equity Interest2025-09-300001655050bcsf:MrhtMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan EURIBOR Spread 7.00% PIK Interest Rate 9.03% Maturity Date 3/3/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco First Lien Senior Secured Loan SOFR Spread 1.91% (5.93% PIK) Interest Rate 12.21% Maturity Date 7/10/2028 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas Equity Interest2024-12-310001655050bcsf:AxhAirCoolersMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:DirectTravelIncTwoMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2023-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MMCLOWH3CreditFacilityMember2024-12-090001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/16/20262025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2024-12-310001655050bcsf:LogrhythmMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:ConcertGolfPartnersHoldcoLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Allbridge First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 6/5/20302025-09-300001655050bcsf:FireFinanceMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco PPX Preferred Equity One2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco First Lien Senior Secured Loan SONIA Spread 1.87% (5.66% PIK) Interest Rate 11.49% Maturity Date 7/10/20282025-09-300001655050bcsf:WalkerEdisonOneMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% (1.25% PIK) Interest Rate 11.21% Maturity Date 8/3/2026 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan - Revolver Maturity Date 4/1/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Eight Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:PreferredStockOneMemberus-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 03/21/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/20/2026 One2025-01-012025-09-300001655050bcsf:WalkerEdisonOneMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.46% Maturity Date 08/20/20292024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberbcsf:EquitySecuritiesOneMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001655050U.S. Dollar High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 6.51% Interest Rate 11.08% Maturity Date 5/14/2029 One2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 11/10/20252025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan – Delayed Draw SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 2/15/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo First Lien Senior Secured Loan -Delayed Draw EURIBOR Spread 6.75% Interest Rate 9.95% Maturity Date 09/12/20312024-12-310001655050bcsf:CityBbqMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals SunMed Group Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 10.19% Maturity Date 6/16/20282024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:AUDbcsf:MediaAdvertisingPrintingAndPublishingMember2025-09-300001655050country:NL2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/17/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Revolver CORRA Spread 5.50% Interest Rate 7.96% Maturity Date 5/26/20282025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes595PercentDueMarch2030Member2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:TitanCloudSoftwareIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Superna Inc. First Lien Senior Secured Loan - Revolver Maturity Date 3/6/20282024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansFourMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:MeasurementInputRecoveryRateMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:CapitalEquipmentSectorMember2025-09-300001655050bcsf:WalkerEdisonTwoMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 10/09/20252025-09-3000016550502024-09-300001655050bcsf:GaapIncentiveFeeMember2025-07-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:FireFinanceSectorMember2025-01-012025-09-300001655050bcsf:ClasscRSeniorDeferrableFloatingRateNotesMember2021-11-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Saturn Purchaser Corp. First Lien Senior Secured Loan – Revolver Maturity Date 7/22/20292024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:DuracoMember2025-09-300001655050bcsf:CorePowerYogaLLCMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:HealthcareAndPharmaceuticalsMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:WalkerEdisonFiveMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerSectorDurableMember2024-12-310001655050Investment Ventiv Holdco, Inc. Acquisition Date 9/3/20192024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco Preferred Equity2025-09-300001655050us-gaap:ConstructionSectorMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050bcsf:NonControlledAffiliatedAndControlledEntityMember2024-01-012024-12-310001655050bcsf:PreferredEquityMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Controlled Affiliate Investments Services: Consumer SG Global Midco Limited First Lien Senior Secured Loan Spread 6.00% Interest Rate 6.00% Maturity Date 12/31/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.86% Maturity Date 9/30/20292024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 10.49% Maturity Date 4/15/2027 One2024-12-310001655050us-gaap:SecuredDebtMemberbcsf:ResetTransactionMember2025-07-020001655050Non-controlled/Non-Affiliated Investments Services: Business Easy Ice First Lien Senior Secured Loan SOFR Spread 5.40% Interest Rate 9.71% Maturity Date 10/30/20302025-09-300001655050bcsf:HotelGamingAndLeisureMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan SOFR Spread 5.45% Interest Rate 9.87% Maturity Date 9/4/20302024-12-310001655050bcsf:PreIncentiveFeeNetInvestmentIncomeEqualToLessThanCatchUpAmountMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberbcsf:EquitySecuritiesFourMemberbcsf:MeasurementInputBookValueMultipleMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:EnergyElectricityMember2024-12-310001655050FIRE: Insurance Asurion LLC First Lien Senior Secured Loan SOFR Spread 3.00% Interest Rate 7.36% Maturity Date 11/6/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 5/15/20252024-12-310001655050bcsf:GaleAviationOffshoreCoMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2024-01-012024-12-310001655050U.S. Dollar High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 6.51% Interest Rate 11.08% Maturity Date 5/14/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 10.47% Maturity Date 6/29/20292025-09-300001655050bcsf:DtiqMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2024-07-012024-09-300001655050bcsf:ApprissHoldingsIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.10% Interest Rate 10.27% Maturity Date 8/20/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business SoftCo Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 9.90% Maturity Date 3/27/20272025-09-300001655050Investment masLabor Acquisition Date 7/1/20212025-01-012025-09-300001655050Investment Grammer Investment Holdings LLC Acquisition Date 10/1/20182025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Parcel2Go Equity Interest2024-12-310001655050bcsf:Notes2024OneMember2024-07-100001655050Forward Foreign Currency Exchange Contracts Counterparty Six Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050Investment Service Master Acquisition Date 8/16/20212024-01-012024-12-310001655050Investment Congress Wealth Acquisition Date 6/30/20232024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency FIRE: Insurance MRHT First Lien Senior Secured Loan - Revolver EURIBOR Spread 6.75% Interest Rate 9.43% Maturity Date 2/1/20292024-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:LightningHoldingsBLlcMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 06/23/20252024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Consumer goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 13.44% Maturity Date 3/31/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Darcy Partners Equity Interest2025-09-300001655050Controlled Affiliate Investments Aerospace & Defense BCC Jetstream Holdings Aviation (Off I), LLC Equity Interest2025-09-300001655050bcsf:ClassD-OneNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building AGS American Glass Services Acquisition, LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 7/24/20312025-09-300001655050Investment Service Master Acquisition Date 7/15/20212025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberbcsf:EquitySecuritiesThreeMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.25% Interest Rate 7.25% Maturity Date 2/10/20322025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 7/25/20302024-12-310001655050bcsf:ApolloIntelligenceMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:GaapIncentiveFeeMember2024-12-310001655050Healthcare & Pharmaceuticals AOM Infusion First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 3/19/2032bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Advanced Aircrew First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.66% Maturity Date 7/26/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/19/2027 One2024-12-310001655050us-gaap:ForeignExchangeForwardMemberbcsf:WellsFargoMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 6.00% (1.00% PIK) Interest Rate 11.66% Maturity Date 12/16/20282025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes2.55PercentDueOctober2026Member2025-09-300001655050bcsf:ImageTrendMemberbcsf:RevolverCommitmentMember2025-09-300001655050Investment Bain Capital Senior Loan Program, LLC Acquisition Date 12/27/20212024-01-012024-12-310001655050bcsf:PayRangeMemberbcsf:RevolverCommitmentMember2025-09-300001655050Investment International Senior Loan Program, LLC Acquisition Date 2/22/20212024-01-012024-12-310001655050Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 7.60% Interest Rate 11.96% Maturity Date 12/16/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:Notes2018OneMember2024-03-132024-03-130001655050Investment Electronic Merchant Systems Acquisition Date 7/12/20242024-01-012024-12-310001655050bcsf:BCSFAdvisorsLpMemberbcsf:AssetCoverageRatioBelow200PercentMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Fifty U.S. Bidco Inc First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.30% Maturity Date 8/1/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Morrow Sodali First Lien Senior Secured Loan - Revolver Maturity Date 4/25/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ChemicalsPlasticsAndRubberMembercurrency:USD2025-09-300001655050bcsf:PrimePlusFivePointFiveZeroPercentageMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 3/20/20262025-01-012025-09-300001655050bcsf:OrionMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable New Milani Group LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.93% Maturity Date 6/6/20262024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.65% (1.50% PIK) Interest Rate 11.45% Maturity Date 11/11/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/13/20252024-12-310001655050Investment Pure Wafer Acquisition Date 11/12/20242025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 6/10/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale SureWerx First Lien Senior Secured Loan - Revolver Maturity Date 12/28/20282025-09-300001655050Wholesale Chex Finer Foods, LLC First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.13% Maturity Date 6/6/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberMedia: Diversified & Production Internet Brands First Lien Senior Secured Loan SOFR Spread 4.25% Interest Rate 8.82% Maturity Date 5/3/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Nine Standard Chartered Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Electronic Merchant Systems Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers Subordinated Debt Spread 15.00% PIK Interest Rate 15.00% Maturity Date 3/27/20312024-12-310001655050bcsf:HotelGamingAndLeisureMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 02/24/20262025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Concert Golf Partners Holdco First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.13% Maturity Date 4/1/20302024-12-310001655050bcsf:HealthdriveMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.06% Maturity Date 7/25/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 10/8/20252024-12-310001655050bcsf:ApplitoolsMemberbcsf:RevolverCommitmentMember2024-12-310001655050Investment Precision Ultimate Holdings, LLC Acquisition Date 11/6/20192025-01-012025-09-300001655050us-gaap:ShareDistributionMember2025-02-272025-02-270001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:AUD2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:DiscoverySeniorLivingMember2024-12-310001655050bcsf:GaapIncentiveFeeMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Services: Business Webcentral First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.50% Interest Rate 10.62% Maturity Date 12/18/20302025-09-300001655050Investment WSP Acquisition Date 5/20/20242025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 12/08/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Citibank Settlement Date 1/24/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 2/15/20292025-09-300001655050bcsf:DirectTravelIncMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan - Revolver Maturity Date 2/28/20292025-09-300001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:PreferredEquityMemberbcsf:ControlledAffiliatedEntityMember2024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:RedNucleusMember2025-09-300001655050Investment ARL Holdings, LLC Acquisition Date 5/3/20192025-01-012025-09-300001655050Investment Chartbeat Acquisition Date 10/4/20242025-01-012025-09-300001655050Controlled Affiliate Investments Aerospace & Defense Gale Aviation (Offshore) Co Equity Interest2025-09-300001655050country:BE2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Services: Business Webcentral First Lien Senior Secured Loan EURIBOR Spread 6.50% Interest Rate 8.62% Maturity Date 12/18/20302025-09-300001655050Healthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.10% Interest Rate 10.26% Maturity Date 8/20/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Brook Bidco First Lien Senior Secured Loan SONIA Spread 1.87% (5.66% PIK) Interest Rate 11.49% Maturity Date 7/10/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TelecommunicationsSectorMember2025-09-3000016550502019-02-020001655050bcsf:WalkerEdisonThreeMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLLCMemberbcsf:PantheonMember2023-12-140001655050bcsf:ClassD-TwoNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:InterestRateFloorSevenMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.76% Interest Rate 9.76% Maturity Date 10/11/20272025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Pharmacy Partners First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 11.01% Maturity Date 2/28/20292024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:FireFinanceSectorMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLLCMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 10.23% Maturity Date 3/27/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Efficient Collaborative Retail Marketing Company, LLC First Lien Senior Secured Loan SOFR Spread 7.76% (1.50% PIK) Interest Rate 13.59% Maturity Date 12/31/20252024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:HotelGamingAndLeisureMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/28/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers Subordinated Debt Spread 15.00% PIK Interest Rate 15.00% Maturity Date 3/27/20312025-03-310001655050us-gaap:InterestRateSwapMember2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Hultec Equity Interest2024-12-310001655050us-gaap:InvestmentAffiliatedIssuerControlledMember2025-07-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 3/27/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Masco Subordinated Debt EURIBOR Spread 10.00% PIK Interest Rate 13.25% Maturity Date 10/4/20322024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency FIRE: Insurance Industries MRHT First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.00% Interest Rate 7.11% Maturity Date 5/17/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Fifteen Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound High Tech Industries Access First Lien Senior Secured Loan SONIA Spread 5.25% Interest Rate 9.95% Maturity Date 6/28/2029 One2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 7/31/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Vasa Fitness, LLC First Lien Senior Secured Loan - Revolver Maturity Date 8/15/20302025-09-300001655050bcsf:ClassBNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:SecondLienSeniorSecuredLoanMember2025-01-012025-09-300001655050bcsf:SurewerxMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.85% Maturity Date 12/19/20272025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:InvestmentVehiclesMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 9.90% Maturity Date 3/27/20272025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Advertising, Printing & Publishing T G I Sport Bidco Pty Ltd First Lien Senior Secured Loan BBSY Spread 7.00% Interest Rate 11.36% Maturity Date 4/30/20262024-12-310001655050bcsf:InvestmentHoldingMemberus-gaap:AutomotiveSectorMember2025-01-012025-09-300001655050bcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncOneMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan Spread 10.00% PIK Interest Rate 13.00% Maturity Date 7/13/20282024-12-310001655050bcsf:ClassATwoNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan - Revolver Maturity Date 9/4/20302024-12-310001655050bcsf:KAMCHoldingsIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MM233CreditFacilityMember2023-09-270001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 03/10/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.86% Maturity Date 5/17/20292024-12-310001655050bcsf:BccJetstreamHoldingsAviationOnIiLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-01-012025-09-300001655050bcsf:SunmedGroupHoldingsLLCMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Owl Acquisition, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 9.07% Maturity Date 4/17/20322025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:HighTechIndustriesMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:WholesaleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Energy: Electricity WCI Gigawatt Purchase First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.81% Maturity Date 11/19/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Black Mountain First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 10/7/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan - Revolver Maturity Date 9/30/20292024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries PayRange First Lien Senior Secured Loan - Revolver Maturity Date 10/31/20302024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:FiftyUSBidcoIncMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries New Gen Holding First Lien Senior Secured Loan EURIBOR Spread 3.25% (3.00% PIK) Interest Rate 8.37% Maturity Date 5/28/20312025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ServicesBusinessMember2025-09-300001655050bcsf:AllbridgeMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TransportationCargoMember2024-12-310001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Evriholder First Lien Senior Secured Loan SOFR Spread 6.90% Interest Rate 11.23% Maturity Date 1/24/20282024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan EURIBOR Spread 5.75% Interest Rate 8.78% Maturity Date 12/22/20272024-12-310001655050FIRE: Finance PMA First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.75% Maturity Date 1/31/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:NafincoMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 12/19/20252025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLLCMember2025-01-012025-09-300001655050bcsf:PolloTropicalMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:InvestmentVehiclesMemberbcsf:InvestmentHoldingMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Smartronix First Lien Senior Secured Loan - Revolver Maturity Date 11/23/20272024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesOneMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050us-gaap:SecuredDebtMemberbcsf:ClassB-RRSecuredDeferrableFloatingRateNotesMember2025-07-022025-07-020001655050Investment Appriss Holdings, Inc. Acquisition Date 5/3/20212025-01-012025-09-300001655050bcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable New Milani Group LLC First Lien Senior Secured Loan - Revolver Maturity Date 6/26/20312025-09-300001655050Non-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 4/3/20322025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:LargestInvesteeMemberbcsf:InvestmentsOperationsMemberbcsf:InvestmentConcentrationRiskMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 11/10/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Owl Acquisition, LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.07% Maturity Date 4/17/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 03/21/20252024-12-3100016550502019-02-010001655050bcsf:ClassAOneRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment FCG Acquisitions, Inc. Preferred Equity2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 10/26/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Advanced Aircrew First Lien Senior Secured Loan - Revolver Maturity Date 7/26/20302024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Sikich Warrants One2025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/19/20272025-09-300001655050us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:SubordinatedNoteInInvestmentVehiclesMemberbcsf:MeasurementInputRecoveryRateMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:CADus-gaap:RetailSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan - Revolver Maturity Date 4/2/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Kpler First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 9.63% Maturity Date 3/3/20302024-12-310001655050bcsf:FirstLienSeniorSecuredLoansMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassA-OneLoansTwoZeroTwoFive-OneNotesMember2025-01-012025-09-300001655050bcsf:PureWaferMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Datix Bidco Limited First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.93% Maturity Date 4/30/20312024-12-310001655050Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.82% Maturity Date 2/15/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Investment Precision Ultimate Holdings, LLC Acquisition Date 11/6/20192024-01-012024-12-310001655050bcsf:AdtPizzaLlcMemberbcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050bcsf:WalkerEdisonMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2023-12-310001655050Investment SensorTower Acquisition Date 3/15/20242024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050High Tech Industries SensorTower First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.52% Maturity Date 3/15/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business masLabor First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.81% Maturity Date 7/1/20272024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Logrhythm First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.86% Maturity Date 7/2/20292024-12-310001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2023-12-310001655050bcsf:LegacyCorporateLendingHoldcoLlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2023-12-310001655050bcsf:AllbridgeMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:AtTheMarketOfferingsMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassATwoRTwoZeroTwoThreeOneNotesMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Advanced Aircrew Preferred Equity2024-12-310001655050Non-controlled/Non-Affiliated Investments Metals & Mining Elevation NewCo, LLC First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.05% Maturity Date 8/1/20312025-09-300001655050bcsf:WebcentralMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:NonControlledAffiliatedEntityMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Meteor UK Bidco Limited First Lien Senior Secured Loan SONIA Spread 5.00% Interest Rate 8.97% Maturity Date 5/14/20322025-09-300001655050bcsf:ClassE-RSeniorDeferrableFloatingRateNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-08-130001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes2.95PercentDueMarch2026Member2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan - Revolver Maturity Date 9/30/20292023-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable WU Holdco, Inc. First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 3/26/20272024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaDiversifiedAndProductionMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Heads Up Technologies, Inc First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.57% Maturity Date 7/23/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals RedMed Operations (Collage Rehabilitation) First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.16% Maturity Date 2/28/20312025-09-300001655050bcsf:Notes2019OneMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One BNP Paribas Settlement Date 06/02/20262025-09-300001655050country:GB2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan SOFR Spread 2.95% (2.95% PIK) Interest Rate 9.90% Maturity Date 11/6/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.26% Maturity Date 12/20/20312025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 7.97% Maturity Date 8/29/20312024-12-310001655050Non-Controlled/Non-Affiliate Investments Hotel, Gaming & Leisure Awayday First Lien Senior Secured Loan - Revolver SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 5/6/20322025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software First Lien Senior Secured Loan - Revolver SOFR Spread 8.10% Interest Rate 12.46% Maturity Date 9/25/20262024-12-310001655050us-gaap:PreferredStockMember2025-01-012025-09-300001655050bcsf:InvestmentHoldingMember2024-12-310001655050bcsf:SupernaIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.25% Maturity Date 2/28/20292025-09-300001655050Investment Ansett Aviation Training Acquisition Date 3/24/20222024-01-012024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMembersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050bcsf:AAndRLogisticsIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc Equity Interest2024-12-310001655050bcsf:VGlobalHoldingsLLCMemberbcsf:RevolverCommitmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan - Revolver SOFR Spread 6.35% Interest Rate 10.71% Maturity Date 3/31/20282024-12-310001655050bcsf:PayRangeMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:AegVisionMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/28/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Energy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan - Revolver SOFR Spread 5.86% Interest Rate 10.22% Maturity Date 11/19/20272024-12-310001655050Investment Cloud Technology Solutions (CTS) Acquisition Date 12/15/20222024-01-012024-12-310001655050bcsf:GaleAviationOffshoreCoMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 7/31/2026 One2025-09-300001655050country:NL2025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Fifty U.S. Bidco Inc First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 9.30% Maturity Date 8/1/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Six Standard Chartered Settlement Date 01/15/20252024-12-310001655050bcsf:TLCPurchaserIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050country:LU2025-01-012025-09-300001655050bcsf:ClassD-TwoNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries SensorTower Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Wholesale Chex Finer Foods, LLC First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.13% Maturity Date 6/6/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TelecommunicationsSectorMember2024-12-310001655050Investment FCG Acquisitions, Inc. Acquisition Date 1/24/20192025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan - Delayed Draw Maturity Date 5/31/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building AGS American Glass Services Acquisition, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.64% Maturity Date 7/24/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassDRTwoZeroOneEightOneNotesMember2025-09-300001655050Non-controlled/Affiliated Investments Telecommunications DC Blox Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense ATS First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.05% Maturity Date 7/12/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business iBanFirst First Lien Senior Secured Loan Spread 10.00% PIK Interest Rate 13.00% Maturity Date 7/13/2028 One2024-12-310001655050us-gaap:SeniorSubordinatedNotesMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.71% Maturity Date 3/31/2029 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.25% Interest Rate 7.29% Maturity Date 8/29/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco First Lien Senior Secured Loan SONIA Spread 4.03% (3.50% PIK) Interest Rate 12.01% Maturity Date 7/10/20282024-12-310001655050bcsf:CityBbqMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.85% Interest Rate 10.15% Maturity Date 12/22/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Master ConcessionAir First Lien Senior Secured Loan - Delayed Draw SOFR Spread 8.50% Interest Rate 12.94% Maturity Date 06/21/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Mach Acquisition T/L First Lien Senior Secured Loan SOFR Spread 7.15% (2.00% PIK) Interest Rate 13.48% Maturity Date 10/19/20262025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software Preferred Equity2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:Notes2023OneMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/12/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Galeria First Lien Senior Secured Loan - Delayed Draw Spread 15.00% PIK Interest Rate 15.00% Maturity Date 4/9/20292025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 9/24/20262025-09-300001655050Investment REP Coinvest III- A Omni, L.P. Acquisition Date 2/5/20212024-01-012024-12-310001655050bcsf:ClassATwoRTwoZeroOneEightOneNotesMember2024-03-132024-03-130001655050bcsf:TelecommunicationsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:EnergyElectricityMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer First Lien Senior Secured Loan - Revolver Maturity Date 11/12/20302024-12-310001655050bcsf:AMIMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ClassAJRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.67% Maturity Date 5/12/20282024-12-310001655050bcsf:BCSFAdvisorsLpMember2025-09-300001655050bcsf:InterestRateFloorOneMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050Investment REP Coinvest III- A Omni, L.P. Acquisition Date 2/5/20212025-01-012025-09-300001655050Non-Controlled/Affiliate Investments Aerospace & Defense Ansett Aviation Training Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Darcy Partners First Lien Senior Secured Loan SOFR Spread 7.75% Interest Rate 12.17% Maturity Date 6/1/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Insurance Asurion LLC First Lien Senior Secured Loan SOFR Spread 4.10% Interest Rate 8.46% Maturity Date 8/19/20282024-12-310001655050bcsf:Notes2019OneMember2021-11-300001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 11/10/20252025-01-012025-09-300001655050bcsf:O2024Q2DividendsMember2024-07-292024-07-290001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable Hempz First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 10/25/20292025-09-3000016550502025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer Equity Interest2024-12-3100016550502024-12-310001655050bcsf:SubordinatedNoteInInvestmentVehiclesMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.14% Maturity Date 12/22/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 10/21/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 8/13/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 9/10/20252024-12-310001655050Controlled Affiliate Investments Transportation: Cargo Lightning Holdings B, LLC Equity Interest2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 02/24/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Mach 1 Bidco Limited First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.44% PIK Interest Rate 11.49% Maturity Date 5/20/20312025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 12/9/20292025-09-300001655050Investment Legacy Corporate Lending HoldCo, LLC Acquisition Date 4/21/20232025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/8/20252024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Brook Bidco First Lien Senior Secured Loan SOFR Spread 1.91% (5.93% PIK) Interest Rate 12.21% Maturity Date 7/10/2028 One2025-09-300001655050country:CA2024-01-012024-12-310001655050bcsf:ZeusFireAndSecurityMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:BeverageFoodandTobaccoSectorMember2024-12-310001655050bcsf:AvalonBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansThreeMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/2027 Two2025-09-300001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:InvestmentHoldingMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/02/20262025-09-300001655050bcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMember2023-12-310001655050bcsf:WealthEnhancementGroupWegMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pollo Tropical First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.88% Maturity Date 10/23/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive JHCC Holdings, LLC First Lien Senior Secured Loan - Revolver Prime Spread 4.25% Interest Rate 11.75% Maturity Date 9/9/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment FCG Acquisitions, Inc. Preferred Equity2024-12-310001655050bcsf:InterestRateFloorFiveMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86 (1.00% PIK) Interest Rate 11.00% Maturity Date 8/16/20272025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Avalon Bidco Limited First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/16/20322025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable New Milani Group LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.75% Maturity Date 6/26/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorThreeMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.58% Maturity Date 6/18/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.60% Maturity Date 8/22/2029 One2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 10/31/20292025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:ChaseIndustriesIncMember2025-09-300001655050Controlled Affiliate Investments Investment Vehicles International Senior Loan Program, LLC Subordinated Note Investment Vehicles SOFR Spread 8.00% Interest Rate 12.00% Maturity Date 2/22/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.22% Maturity Date 8/16/2027 Two2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 12/08/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP Preferred Equity2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries SensorTower First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.52% Maturity Date 3/15/20292025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes2019OneMember2024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:VesscoWaterMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 12/08/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two BNP Paribas Settlement Date 06/02/20262025-01-012025-09-300001655050us-gaap:ForeignExchangeForwardMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Utilities: Water Vessco Water First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 9.03% Maturity Date 7/24/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco BCC Trillium Foods Investments 1, LLC Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 8/7/20302025-09-300001655050Retail Petco First Lien Senior Secured Loan SOFR Spread 3.51% Interest Rate 7.84% Maturity Date 3/3/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 06/10/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer First Lien Senior Secured Loan - Delayed Draw Maturity Date 11/12/20302024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/17/20262025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:MediaDiversifiedAndProductionMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals RedMed Operations (Collage Rehabilitation) First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 9.16% Maturity Date 2/28/20312025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMemberbcsf:DirectTravelIncMember2023-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Cloud Technology Solutions (CTS) Preferred Equity2025-09-300001655050Construction & Building Service Master First Lien Senior Secured Loan SOFR Spread 5.86% (1.00% PIK) Interest Rate 11.22% Maturity Date 8/16/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansThreeMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 8.89% Maturity Date 12/19/20272025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Allworth Financial Group, L.P. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 12/23/20272025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMemberbcsf:FirstLienSeniorSecuredLoanMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 1/9/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 5/1/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Efficient Collaborative Retail Marketing Company, LLC First Lien Senior Secured Loan SOFR Spread 7.01% (2.50% PIK) Interest Rate 13.51% Maturity Date 12/31/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 09/10/20262025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:WholesaleMember2025-09-300001655050bcsf:ReplacementNotes2019OneCLOMember2022-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:RelatedPartyMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable TLC Holdco LP Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Substantial Holdco Limited First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/20/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/25/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP Equity Interest One2024-12-310001655050us-gaap:PreferredStockMember2024-01-012024-12-310001655050bcsf:Notes2019OneMember2024-07-012024-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/14/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Opus2 First Lien Senior Secured Loan SONIA Spread 5.53% Interest Rate 10.48% Maturity Date 5/5/20282024-12-310001655050bcsf:ClassBRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Investment Titan Cloud Software, Inc Acquisition Date 11/4/20222025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 09/10/20262025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan - Revolver EURIBOR Spread 5.25% Interest Rate 7.29% Maturity Date 05/30/20312025-09-300001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan SOFR Spread 5.45% Interest Rate 9.87% Maturity Date 9/4/20302024-12-310001655050bcsf:FirstLienSeniorSecuredLoansMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business ACAMS Equity Interest2025-09-300001655050Consumer Goods: Non-Durable RoC Skincare First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.52% Maturity Date 2/21/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Five Standard Chartered Settlement Date 10/02/20262025-01-012025-09-300001655050bcsf:ClassCNotesTwoZeroTwoFive-OneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Chilton First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/5/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/30/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 3/25/20282024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries PlentyMarkets First Lien Senior Secured Loan - Revolver EURIBOR Spread 6.50% Interest Rate 8.53% Maturity Date 9/13/20312025-09-300001655050Investment LEP CP Co-Invest, L.P. Acquisition Date 4/16/20252025-01-012025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes2019OneMember2025-09-300001655050Non-controlled/Non-Affiliated Investments -FIRE: Insurance-McLarens Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.90% Interest Rate 9.19% Maturity Date 12/19/20272025-09-300001655050Investment Apollo Intelligence Acquisition Date 6/1/20222024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Odyssey Behavioral Health First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.46% Maturity Date 5/21/20312025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockOneMembersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Energy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan - Revolver SOFR Spread 5.86% Interest Rate 10.02% Maturity Date 11/19/20272025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Margaux Acquisition Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 5.60% Interest Rate 10.15% Maturity Date 12/19/20252024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:SubordinatedNoteInInvestmentVehiclesMember2025-09-300001655050Non-controlled/Non-Affiliate Investments High Tech Industries Applitools First Lien Senior Secured Loan SOFR Spread 6.25%PIK Interest Rate 10.25% Maturity Date 5/25/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan - Revolver Maturity Date 10/31/20292024-12-310001655050us-gaap:FairValueInputsLevel3Member2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 12/19/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Choreo First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/18/20282024-12-310001655050country:GB2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.23% Maturity Date 3/27/20262024-12-310001655050Investment Forward Slope Acquisition Date 3/15/20242024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Concert Golf Partners Holdco First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 9.13% Maturity Date 4/1/20302024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:EquitySecuritiesTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive Intoxalock First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.26% Maturity Date 11/1/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 10.47% Maturity Date 6/29/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers Preferred Equity2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 11.02% Maturity Date 8/1/20282024-12-310001655050bcsf:NonControlledAffiliatedEntityMember2023-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 9.98% Maturity Date 5/31/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 06/10/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss Holdings, Inc. First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 9.02% Maturity Date 5/6/20272025-09-300001655050bcsf:InvestmentVehiclesMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001655050us-gaap:PreferredStockMember2025-09-300001655050bcsf:AgrofreshSolutionsMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/9/20262025-01-012025-09-300001655050bcsf:OdysseyBehavioralHealthMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/24/20262025-01-012025-09-300001655050bcsf:AllworthFinancialGroupLpMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:O2025Q2DividendsMember2025-06-302025-06-300001655050bcsf:ApolloIntelligenceMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AeriTek Global CAD Acquisition Inc. First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.70% Maturity Date 8/27/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Summer Fridays, LLC First Lien Senior Secured Loan – Revolver Maturity Date 5/16/20312025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:MorrowSodaliMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale SureWerx First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 12/28/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale SureWerx First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/28/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan - Revolver SOFR Spread 7.25% Interest Rate 11.93% Maturity Date 2/28/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Discovery Senior Living First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/18/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ Preferred Equity2024-12-3100016550502023-12-310001655050srt:MinimumMember2025-01-012025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:SolairusMember2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Choreo First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.16% Maturity Date 2/18/20282025-09-300001655050Investment ACAMS Acquisition Date 3/10/20222024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business TES Global First Lien Senior Secured Loan - Delayed Draw Maturity Date 1/27/20292024-12-310001655050Healthcare & Pharmaceuticals Pharmacy Partners First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.70% Maturity Date 2/28/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050country:CA2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Energy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan SOFR Spread 6.01% Interest Rate 10.53% Maturity Date 11/19/20272024-12-310001655050Investment HealthDrive Acquisition Date 8/18/20232024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Retail Thrasio, LLC Equity Interest2024-12-310001655050us-gaap:SecuredDebtMemberbcsf:ClassC-RRSecuredDeferrableFloatingRateNotesMember2025-07-020001655050bcsf:AMIMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:ContainersPackagingAndGlassMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050bcsf:ICATLogisticsIncMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 5/14/20262025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:HighTechIndustriesMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FireFinanceMembercurrency:GBP2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.35% Interest Rate 9.51% Maturity Date 11/12/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Master ConcessionAir First Lien Senior Secured Loan - Revolver SOFR Spread 8.75% Interest Rate 12.82% Maturity Date 6/21/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Consumer Master ConcessionAir First Lien Senior Secured Loan SOFR Spread 8.50% Interest Rate 12.84% Maturity Date 06/21/20292024-12-310001655050bcsf:EquityInterestInInvestmentVehiclesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure Pyramid Global Hospitality First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.57% Maturity Date 1/19/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 09/16/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Revolver Maturity Date 7/25/20302024-12-310001655050bcsf:AerospaceAndDefenseSectorMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Ten Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound FIRE: Finance Parmenion First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 9.47% Maturity Date 5/23/20292025-09-300001655050bcsf:InvestmentVehiclesMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2024-12-310001655050Controlled Affiliate Investments Aerospace & Defense BCC Jetstream Holdings Aviation (On II), LLC First Lien Senior Secured Loan2025-09-300001655050Non-controlled/Affiliated Investments Beverage, Food & Tobacco ADT Pizza, LLC Equity Interest2024-12-310001655050bcsf:BorrowingBaseLessThanProductOf1.60AndRevolvingCreditExposureMemberbcsf:SumitomoCreditFacilityMemberus-gaap:EurodollarMember2021-12-242021-12-240001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:HotelGamingAndLeisureMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:AerospaceAndDefenseSectorMembercurrency:AUD2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 03/10/20262025-01-012025-09-300001655050bcsf:AtTheMarketOfferingsMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Efficient Collaborative Retail Marketing Company, LLC First Lien Senior Secured Loan SOFR Spread 7.76% (1.50% PIK) Interest Rate 13.59% Maturity Date 12/31/2025 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberWholesale SureWerx First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 12/28/20292025-09-300001655050Non-Controlled/Affiliate Investments Consumer Goods: Durable Walker Edison First Lien Senior Secured Loan - Delayed Draw Spread 10.00% Interest Rate 10.00% Maturity Date 2/2/20262025-09-300001655050bcsf:TaoglasMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:SecondLienSeniorSecuredLoanMember2025-09-300001655050bcsf:ZeusFireAndSecurityMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:ApprissMemberbcsf:RevolverCommitmentMember2025-09-3000016550502024-01-012024-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Eleven Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable RoC Skincare LLC First Lien Senior Secured Loan - Revolver Maturity Date 2/21/20302024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:UtilitiesWaterMember2025-09-300001655050Containers, Packaging & Glass Iris Holdings TInc First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 9.44% Maturity Date 6/28/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Vasa Fitness, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.35% Interest Rate 10.50% Maturity Date 8/15/20302025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:DirectTravelIncOneMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo RoadOne First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.25% Interest Rate 10.77% Maturity Date 12/29/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive American Trailer Rental Group Subordinated Debt Spread 5.50% (8.75% PIK) Interest Rate 14.25% Maturity Date 12/1/2027 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorTwoMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 5/27/20252024-12-310001655050Retail Thrasio, LLC Equity Interest Onebcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Caregiver Subordinated Debt Spread 16.50% PIK Interest Rate 16.50% Maturity Date 1/1/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan - Delayed Draw Maturity Date 10/31/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar High Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.63% Maturity Date 12/9/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Brook Bidco First Lien Senior Secured Loan SOFR Spread 1.91% (5.93% PIK) Interest Rate 12.21% Maturity Date 7/10/20282025-09-300001655050us-gaap:SecuredDebtMemberbcsf:ClassA-1-RRSeniorSecuredFloatingRateNotesMember2025-07-020001655050bcsf:InvestmentHoldingMemberbcsf:TelecommunicationsSectorMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Sixteen Standard Chartered Settlement Date 10/09/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 03/10/20262025-01-012025-09-300001655050Investment PPT Group Acquisition Date 2/28/20252025-01-012025-09-300001655050British Pound Services: Consumer Surrey Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.28% PIK Interest Rate 11.23% Maturity Date 5/11/20262024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 5/1/20292024-12-310001655050us-gaap:TransportationSectorMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050bcsf:WebcentralMemberbcsf:DelayedDrawCommitment1Member2024-12-310001655050bcsf:ClassDNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.58% Maturity Date 3/10/20282024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FireInsuranceMembercurrency:EUR2025-09-300001655050bcsf:EquityInterestsInInvestmentVehiclesMember2025-01-012025-09-300001655050bcsf:AffiliateOfBCSFAdvisorsLpMember2025-09-300001655050bcsf:WalkerEdisonThreeMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 05/08/20262025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:FireInsuranceMembercurrency:GBP2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 5/27/20252024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2025-01-012025-09-300001655050bcsf:NonControlledAffiliatedAndControlledEntityMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco NPC International, Inc. Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas Equity Interest One2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.50% Interest Rate 9.81% Maturity Date 10/31/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.67% Maturity Date 5/12/20282024-12-310001655050Investment Elevator Holdco Inc. Acquisition Date 12/23/20192025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberbcsf:SecondLienSeniorSecuredLoanMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MaximumMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Electronic Merchant Systems First Lien Senior Secured Loan – Revolver Maturity Date 8/1/20302025-09-300001655050bcsf:ResetNotes2019OneCLOMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 4/14/20262025-09-300001655050bcsf:MrhtMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Revolver Maturity Date 6/20/20312024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/12/20252024-12-310001655050bcsf:AdtPizzaLlcMemberbcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMember2025-09-300001655050bcsf:InvestmentHoldingMemberus-gaap:AutomotiveSectorMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ConsumerWholesaleMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 06/10/20252024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:PreferredStockFourMember2025-09-300001655050Investment PPX Acquisition Date 7/29/20212025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries NearMap First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 12/9/20292025-09-300001655050us-gaap:WarrantMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable WU Holdco, Inc First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 3/26/20272024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:AutomotiveSectorMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Seven Standard Chartered Settlement Date 10/02/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 11/10/20252024-01-012024-12-310001655050us-gaap:FoodAndBeverageSectorMemberbcsf:InvestmentHoldingMember2024-12-310001655050bcsf:WalkerEdisonMemberbcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMember2023-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries NearMap First Lien Senior Secured Loan - Revolver Maturity Date 12/9/20292024-12-310001655050bcsf:ForwardSlopeMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Zeus Fire & Security First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.32% Maturity Date 12/11/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/8/2026 One2025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:CongressWealthMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 06/23/20252024-01-012024-12-310001655050bcsf:InterestRateFloorNineMember2025-01-012025-09-300001655050Investment Fineline Technologies, Inc. Acquisition Date 2/22/20212025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Applitools First Lien Senior Secured Loan SOFR Spread 6.25%PIK Interest Rate 10.58% Maturity Date 5/25/20292024-12-310001655050bcsf:EasyIceMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass Precision Concepts Parent Inc. First Lien Senior Secured Loan - Delayed Draw Maturity Date 8/2/20322025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorSixMember2025-01-012025-09-300001655050Investment BCSF Project Aberdeen, LLC Acquisition Date 7/3/20242024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan - Revolver SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 7/17/20282024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:ServicesBusinessMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ First Lien Senior Secured Loan - Delayed Draw Maturity Date 9/30/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:BccMiddleMarketClo2018LlcMember2022-03-072022-03-070001655050Non-controlled/Non-Affiliated Investments Services: Business Allbridge First Lien Senior Secured Loan - Revolver Maturity Date 6/5/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan SOFR Spread 1.25% Interest Rate 5.45% Maturity Date 4/27/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Electronic Merchant Systems First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.92% Maturity Date 8/1/20302025-09-300001655050us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 10/8/20252024-01-012024-12-310001655050Non-controlled/Affiliated Investments Telecommunications DC Blox Preferred Equity Spread 8.00% PIK Interest Rate 8.00% One2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MinimumMemberbcsf:FirstLienSeniorSecuredLoansOneMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 1/9/20262025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:WarrantMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Metals & Mining Elevation NewCo, LLC First Lien Senior Secured Loan - Revolver Maturity Date 8/1/20312025-09-300001655050bcsf:EheHealthMemberbcsf:RevolverCommitmentMember2024-12-310001655050Wholesale SureWerx First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 12/28/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Investment SoftCo Acquisition Date 3/1/20242024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Chamber Bidco Limited First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.12% Maturity Date 6/2/20282024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:BtxPrecisionMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable WU Holdco, Inc. First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/15/20322025-09-300001655050us-gaap:AerospaceSectorMemberbcsf:InvestmentHoldingMember2025-09-300001655050bcsf:AerospaceAndDefenseSectorMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2024-12-310001655050bcsf:InvestmentHoldingMemberus-gaap:RetailSectorMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Nine Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Cloud Technology Solutions (CTS) First Lien Senior Secured Loan - Delayed Draw SONIA Spread 7.00% Interest Rate 11.70% Maturity Date 10/17/20312024-12-310001655050bcsf:Notes2023OneMember2023-08-090001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 9/24/20262025-01-012025-09-300001655050bcsf:BcsfAdvisorsMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 7.60% Interest Rate 11.96% Maturity Date 12/16/2028 One2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberChemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.42% Maturity Date 12/22/20272024-12-310001655050bcsf:DatixBidcoLimitedMemberbcsf:RevolverCommitment1Member2025-09-300001655050country:AU2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Seven Standard Chartered 01/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 7.00% Interest Rate 11.66% Maturity Date 12/16/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:RetailSectorMember2025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:PreferredStockMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Hultec Equity Interest2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 8/7/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.82% Interest Rate 8.99% Maturity Date 5/26/20282024-12-310001655050bcsf:ConstructionAndBuildingSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 1/9/20262025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:EnvironmentalIndustriesSectorMember2024-12-310001655050bcsf:InvestmentHoldingMember2025-09-300001655050Investment Appriss Holdings, Inc. Acquisition Date 5/3/20212024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:CADus-gaap:RetailSectorMember2024-12-310001655050bcsf:ICATLogisticsIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Beneficium First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 10.20% Maturity Date 6/28/20312024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Congress Wealth First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/30/2029Non-controlled/Non-Affiliated Investments FIRE: Finance Congress Wealth First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/30/20292024-12-310001655050bcsf:GovineerSolutionsMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Insurance Margaux Acquisition Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.65% Interest Rate 9.96% Maturity Date 12/19/20252024-12-310001655050bcsf:ClasscRSeniorDeferrableFloatingRateNotesMember2021-11-302021-11-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Robinson Helicopter Equity Interest2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.75% Interest Rate 8.96% Maturity Date 7/25/20302025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansFourMemberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:MeasurementInputRecoveryRateMember2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Apollo Intelligence First Lien Senior Secured Loan - Revolver SOFR Spread 5.75% Interest Rate 10.07% Maturity Date 5/31/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MembershipInterestsMemberbcsf:Notes2018OneMember2025-09-300001655050bcsf:BorrowingBaseLessThanProductOf1.60AndRevolvingCreditExposureMemberbcsf:SumitomoCreditFacilityMemberbcsf:RiskFreeRateMember2021-12-242021-12-240001655050Non-controlled/Non-Affiliated Investments Services: Business Allbridge First Lien Senior Secured Loan - Revolver Maturity Date 6/5/20302025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:AutomotiveSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan SOFR Spread 1.15% (4.00% PIK) Interest Rate 9.74% Maturity Date 4/27/20282024-12-310001655050bcsf:ResetNotes2019OneCLOMember2022-12-310001655050bcsf:ClassA1RRSeniorSecuredFloatingRateNotesMember2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:BlackMountainMember2024-12-310001655050Investment Advanced Aircrew Acquisition Date 7/26/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 9.90% Maturity Date 3/27/2027 One2025-09-300001655050Investment Lightning Holdings B, LLC Acquisition Date 1/2/20202024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan SOFR Spread 5.68% Interest Rate 10.09% Maturity Date 8/31/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 9/16/20262025-01-012025-09-300001655050bcsf:TitanCloudSoftwareIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InterestRateFloorNineMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.54% Maturity Date 5/12/20282025-09-300001655050us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 11/10/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 9.26% Maturity Date 03/19/20272025-09-300001655050us-gaap:SecuredDebtMemberbcsf:ClassA-3-RRSeniorSecuredFloatingRateMember2025-07-022025-07-020001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 5/17/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.69% Maturity Date 05/08/20262024-12-310001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMemberbcsf:DcBloxFourMember2025-01-012025-09-300001655050bcsf:ChoreoMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments Media: Diversified & Production Music Creation Group Bidco GmbH First Lien Senior Secured Loan SOFR Spread 7.15 PIK Interest Rate 11.22% Maturity Date 3/3/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 1/30/20262025-09-300001655050Non-controlled/Affiliated Investments Telecommunications DC Blox Preferred Equity Spread 8.00% PIK Interest Rate 8.00% Two2024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ServicesBusinessMember2024-12-310001655050Banking, Finance, Insurance & Real Estate Morrow Sodali Global LLC First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.96% Maturity Date 4/25/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Beverage, Food & Tobacco AgroFresh First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.71% Maturity Date 3/31/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:PreferredStockThreeMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:CapitalEquipmentSectorMember2025-09-300001655050bcsf:RocSkincareMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:EnvironmentalIndustriesSectorMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Parmenion First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 10.20% Maturity Date 5/11/20292024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:UtilitiesElectricMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Hellers First Lien Senior Secured Loan - Delayed Draw BKBM Spread 3.63% (1.88% PIK) Interest Rate 8.35% Maturity Date 9/27/20302025-09-300001655050Non-controlled/Non-Affiliated Investments Wholesale Fifty AU Bidco Pty Ltd First Lien Senior Secured Loan BBSY Spread 5.00% Interest Rate 8.74% Maturity Date 8/1/20312025-09-300001655050bcsf:SumitomoCreditFacilityMember2022-07-220001655050us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:AutomotiveSectorMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Govineer Solutions (fka Black Mountain) First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 10/7/20302025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:WhitcraftParadigmMember2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:HighTechIndustriesMember2025-01-012025-09-300001655050Investment City BBQ Acquisition Date 9/4/20242024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:HighTechIndustriesMember2024-12-310001655050bcsf:GaleAviationOffshoreCoMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Reconomy First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 8.25% Maturity Date 7/12/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.90% Interest Rate 10.20% Maturity Date 11/5/20272025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:EnvironmentalIndustriesSectorMember2024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan Delayed Draw SOFR Spread 4.50% Interest Rate 8.49% Maturity Date 10/4/20282025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:FirstLienSeniorSecuredLoansOneMember2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/31/20312024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:RedNucleusMember2024-12-310001655050bcsf:EquityInterestMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:AnsettAviationTrainingMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment AXH Air Coolers First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.63% Maturity Date 10/31/2029 One2025-09-300001655050Services: Business TEI Holdings Inc. First Lien Senior Secured Loan SOFR Spread 4.00% Interest Rate 8.43% Maturity Date 4/9/2031bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco Preferred Equity2025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ICAT Logistics, Inc First Lien Senior Secured Loan - Delayed Draw Maturity Date 3/1/20292025-09-300001655050us-gaap:SubordinatedDebtMember2023-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Cube First Lien Senior Secured Loan - Delayed Draw SONIA Spread 10.00% PIK Interest Rate 14.10% Maturity Date 5/22/20322025-09-300001655050Investment East BCC Coinvest II, LLC Acquisition Date 7/23/20192025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Avalon Acquiror, Inc. First Lien Senior Secured Loan - Revolver SOFR Spread 6.25% Interest Rate 10.77% Maturity Date 3/10/20282024-12-310001655050bcsf:ConsumerNonDurableMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance TA/Weg Holdings First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.50% Maturity Date 10/2/20282024-12-310001655050bcsf:BCSFAdvisorsLpMember2024-01-012024-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassCNotesTwoZeroTwoFourOneNotesMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:AUD2024-12-310001655050bcsf:BCSFAdvisorsLpMemberbcsf:AssetCoverageRatioEqualTo200PercentMember2019-02-012019-02-010001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/23/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Containers, Packaging & Glass ASP-r-pac Acquisition Co LLC First Lien Senior Secured Loan - Revolver SOFR Spread 6.11% Interest Rate 10.47% Maturity Date 12/29/20272024-12-310001655050Investment MZR Aggregator Acquisition Date 9/20/20242025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco Arctic Glacier U.S.A., Inc. First Lien Senior Secured Loan SOFR Spread 6.76% (4.00% PIK) Interest Rate 14.76% Maturity Date 5/24/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.01% Maturity Date 5/14/20292025-09-300001655050Investment HG Insights, Inc. Acquisition Date 6/16/20252025-01-012025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockOneMembersrt:WeightedAverageMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050country:US2024-12-310001655050bcsf:PrimePlusFivePointFiveZeroPercentageMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forward Slope First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.85% Interest Rate 11.18% Maturity Date 8/22/20292024-12-310001655050Investment Apollo Intelligence Acquisition Date 6/1/20222025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan 8.00% PIK Interest Rate 8.00% Maturity Date 4/27/20282024-12-310001655050us-gaap:InterestRateSwapMember2025-07-012025-09-300001655050bcsf:NewMilaniGroupLLCMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% (1.25% PIK) Interest Rate 11.21% Maturity Date 8/3/2026 Three2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer Equity Interest2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 06/10/20252024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Heads Up Technologies, Inc. First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.57% Maturity Date 7/23/20302025-09-300001655050bcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMemberbcsf:Parcel2GoMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Masco Subordinated Debt EURIBOR Spread 10.00% PIK Interest Rate 13.25% Maturity Date 10/4/20322025-09-300001655050bcsf:AllworthFinancialGroupLpMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/26/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Environmental Industries Titan Cloud Software, Inc First Lien Senior Secured Loan SOFR Spread 2.00% (4.60% PIK) Interest Rate 11.03% Maturity Date 9/7/20292024-12-310001655050bcsf:BCSFAdvisorsLpMember2024-07-012024-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Consumer Voltaire Topco Limited Equity Interest2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockOneMemberbcsf:ValuationTechniqueComparableCompanyMultipleMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Allbridge First Lien Senior Secured Loan - Delayed Draw Maturity Date 6/5/20302024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan EURIBOR Spread 5.50% Interest Rate 7.54% Maturity Date 8/31/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Advanced Aircrew Preferred Equity2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberUtilities: Water Vessco Water First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.91% Maturity Date 7/24/20312025-09-300001655050us-gaap:SecuredDebtMemberbcsf:ClassA-2-RRSeniorSecuredFloatingRateNotesMember2025-07-020001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan SOFR Spread 5.65% (1.50% PIK) Interest Rate 11.48% Maturity Date 5/12/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/23/20252024-01-012024-12-310001655050bcsf:Notes2.55PercentDueOctober2026Member2024-01-012024-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:ISLPCreditFacilityTrancheBMember2022-05-310001655050bcsf:RevolverCommitmentMemberbcsf:IntoxalockMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan - Revolver SOFR Spread 7.25% Interest Rate 11.32% Maturity Date 2/28/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 3/25/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.10% Interest Rate 9.26% Maturity Date 7/17/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan - Delayed Draw SOFR Spread 7.15% PIK Interest Rate 11.22% Maturity Date 3/3/20282025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.21% Maturity Date 12/15/20252024-12-310001655050country:KY2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 10/2/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Darcy Partners First Lien Senior Secured Loan - Revolver SOFR Spread 7.65% Interest Rate 12.17% Maturity Date 6/1/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ServicesConsumerMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Revolver Maturity Date 08/20/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Four Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 7/17/20282024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Consumer goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 13.74% Maturity Date 3/31/20282024-12-310001655050bcsf:BccJetstreamHoldingsAviationOnIiLlcMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050bcsf:RevolverCommitment2Memberbcsf:McLarensAcquisitionIncMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Proofpoint First Lien Senior Secured Loan SOFR Spread 3.00% Interest Rate 7.36% Maturity Date 8/31/20282024-12-310001655050bcsf:Notes2.95PercentDueMarch2026Member2025-09-300001655050bcsf:SecondLienSeniorSecuredLoansMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 13.44% Maturity Date 3/31/20282025-09-300001655050bcsf:S2025Q2DividendsMember2025-06-302025-06-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InvestmentsOperationsMemberbcsf:InvestmentConcentrationRiskMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/10/20252024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:IntoxalockMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Pharmacy Partners First Lien Senior Secured Loan - Revolver Maturity Date 2/28/20292025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Chemicals, Plastics & Rubber V Global Holdings LLC First Lien Senior Secured Loan EURIBOR Spread 5.75% Interest Rate 7.78% Maturity Date 12/22/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries LogRhythm First Lien Senior Secured Loan - Revolver Maturity Date 7/2/20292025-09-300001655050us-gaap:TransportationSectorMemberbcsf:InvestmentHoldingMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 14.47% Maturity Date 3/31/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Eight Standard Chartered Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries RetailNext First Lien Senior Secured Loan SOFR Spread 7.00% Interest Rate 11.15% Maturity Date 12/5/20302025-09-300001655050bcsf:S2024Q1DividendsMember2024-04-302024-04-300001655050us-gaap:IPOMember2018-11-190001655050bcsf:PrimePlusOnePointFiveZeroPercentageMember2024-01-012024-12-310001655050bcsf:TLCPurchaserIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050us-gaap:ForeignExchangeForwardMemberbcsf:BNPParibasMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Morgan Stanley Settlement Date 09/10/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 01/21/20252024-12-310001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Subordinated Note Investment Vehicles Spread 10.00% Interest Rate 10.00% Maturity Date 12/27/20332025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance MRHT First Lien Senior Secured Loan - Revolver Maturity Date 11/10/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo ICAT Logistics, Inc First Lien Senior Secured Loan - Revolver Maturity Date 3/1/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Duraco First Lien Senior Secured Loan - Revolver SOFR Spread 6.50% Interest Rate 10.83% Maturity Date 6/6/20292024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals SunMed Group Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.91% Maturity Date 6/16/20282025-09-300001655050bcsf:ChemicalsPlasticsAndRubberMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:ServicesConsumerMember2025-01-012025-09-300001655050bcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMemberbcsf:BlackbrushOilGasL.pMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:InterestRateFloorTwoMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassbRSeniorDeferrableFloatingRateNotesMember2025-08-132025-08-130001655050Hotel, Gaming & Leisure Aimbridge Acquisition Co., Inc. Second Lien Senior Secured Loan SOFR Spread 7.76% Interest Rate 12.33% Maturity Date 2/1/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 10.23% Maturity Date 3/27/20262024-12-310001655050bcsf:SubstantialHoldcoLimitedMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050us-gaap:IPOMember2018-11-192018-11-190001655050bcsf:InternationalSeniorLoanProgramLLCMember2025-01-012025-09-300001655050bcsf:WealthEnhancementGroupWegMemberbcsf:DelayedDrawCommitment1Member2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:BeverageFoodandTobaccoSectorMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP Equity Interest One2025-09-300001655050Investment BCC Jetstream Holdings Aviation (On II), LLC Acquisition Date 6/1/20172025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:MediaDiversifiedAndProductionMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals EHE Health First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 8/7/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing OGH Bidco Limited First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.50% Interest Rate 10.47% Maturity Date 6/29/20292025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Avalon Bidco Limited First Lien Senior Secured Loan SONIA Spread 6.25% Interest Rate 10.32% Maturity Date 4/16/20322025-09-300001655050bcsf:NearmapMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberChemicals, Plastics & Rubber Duraco First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.94% Maturity Date 6/6/20292024-12-310001655050bcsf:GoldmanSachsFinancialSquareGovernmentFundInstitutionalShareClassMember2024-12-310001655050bcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMemberbcsf:Parcel2GoMember2025-09-300001655050bcsf:InterestRateFloorTwoMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:HealthcareAndPharmaceuticalsMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Investment Hultec Acquisition Date 3/31/20232025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassDRTwoZeroOneEightOneNotesMember2024-03-132024-03-130001655050Non-controlled/Non-Affiliate Investments High Tech Industries Applitools Equity Interest One2025-09-300001655050bcsf:GulfWindsInternationalMemberbcsf:RevolverCommitmentMember2024-12-3100016550502025-06-300001655050Non-controlled/Non-Affiliated Investments Wholesale SureWerx First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/28/20292024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Eight Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050Controlled Affiliate Investments Services: Business Parcel2Go Preferred Equity2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 5/27/20252024-12-310001655050bcsf:ChemicalsPlasticsAndRubberMemberbcsf:InvestmentHoldingMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 12/19/20252024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software First Lien Senior Secured Loan SOFR Spread 8.25% Interest Rate 12.58% Maturity Date 4/25/20272024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:MediaBroadcastingAndSubscriptionMember2024-12-310001655050Non-controlled/Affiliated Investments Consumer Goods: Durable Walker Edison Equity Interest2024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:PureWaferMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Pharmathen First Lien Senior Secured Loan - Revolver EURIBOR Spread 8.68% PIK Interest Rate 10.75% Maturity Date 1/19/2029 One2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ServicesConsumerMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment TCFIII Owl Finance, LLC Subordinated Debt Spread Spread 12.00% PIK Interest Rate 12.00% Maturity Date 1/30/20272024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 6.51% Interest Rate 11.08% Maturity Date 5/14/20292024-12-310001655050Investment Taoglas Acquisition Date 6/27/20242025-01-012025-09-300001655050High Tech Industries PayRange First Lien Senior Secured Loan Spread 5.00% Interest Rate 9.16% Maturity Date 10/31/2030bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:RelatedPartyMember2024-01-012024-09-300001655050Capital Equipment DiversiTech First Lien Senior Secured Loan SOFR Spread 3.76% Interest Rate 8.09% Maturity Date 12/22/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Controlled Affiliate Investments FIRE: Finance Legacy Corporate Lending HoldCo, LLC Equity Interest One2025-09-300001655050bcsf:GovineerSolutionsMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:PreferredStockOneMemberus-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Rydoo Preferred Equity2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Sikich Preferred Equity spread 13.00%PIK Interest Rate 13.00%2025-09-300001655050bcsf:CRHHealthcarePurchaserIncMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:SupernaIncMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:MediaAdvertisingPrintingAndPublishingMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Nine Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:ClassDNotesTwoZeroTwoFourOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Thirteen Standard Chartered Settlement Date 10/09/20252025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Environmental Industries Reconomy First Lien Senior Secured Loan SONIA Spread 6.50% Interest Rate 10.47% Maturity Date 7/12/20292025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 11/25/20262024-12-310001655050bcsf:WalkerEdisonMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassCRTwoZeroOneEightOneNotesMember2024-03-130001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTelecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.58% Maturity Date 2/28/20292024-12-310001655050country:GG2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 10/8/20252024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.31% Maturity Date 10/2/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries E-Tech Group First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.86% Maturity Date 4/9/20302024-12-310001655050bcsf:OdysseyBehavioralHealthMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/12/20252024-01-012024-12-310001655050Consumer Goods: Wholesale WSP First Lien Senior Secured Loan Spread 8.00% PIK Interest Rate 8.00% Maturity Date 4/27/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.71% Maturity Date 3/31/2029bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:ConsumerGoodsWholesaleSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.85% Interest Rate 10.98% Maturity Date 12/15/20252025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business PRGX First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/20/20302025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 03/20/20252024-01-012024-12-310001655050bcsf:MachAcquisitionRCMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:StructuredProductsMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/28/20252024-12-310001655050country:IT2025-09-300001655050us-gaap:SecuredDebtMemberbcsf:ClassB-RRSecuredDeferrableFloatingRateNotesMember2025-07-020001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTelecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 7/17/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MM222CreditFacilityMember2022-08-240001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries Utimaco First Lien Senior Secured Loan EURIBOR Spread 6.25% Interest Rate 9.15% Maturity Date 5/14/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber Aurora Plastics First Lien Senior Secured Loan SOFR Spread 4.85% Interest Rate 9.40% Maturity Date 8/10/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberus-gaap:RetailSectorMember2024-12-310001655050Investment DTIQ Acquisition Date 9/30/20242024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:AvalonAcquirorIncMember2024-12-310001655050bcsf:SumitomoCreditFacilityMember2022-12-140001655050Investment Gills Point S Acquisition Date 5/17/20232024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 5/17/20292025-09-300001655050bcsf:Notes2024OneMemberbcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:MembershipInterestsMember2025-09-300001655050Investment Forward Slope Acquisition Date 3/15/20242025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 1/9/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable Hempz First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 10/25/20292024-12-310001655050bcsf:BccJetstreamHoldingsAviationOffILlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2023-12-310001655050us-gaap:EquitySecuritiesMember2025-09-300001655050bcsf:BccJetstreamHoldingsAviationOffILlcMemberbcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMember2024-01-012024-12-310001655050us-gaap:ConstructionSectorMemberbcsf:InvestmentHoldingMember2024-12-310001655050bcsf:IncentiveFeeBasedOnIncomeMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Transportation: Consumer PrimeFlight Acquisition LLC First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.80% Maturity Date 5/1/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense BTX Precision First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 7/25/20302024-12-310001655050Controlled Affiliate Investments Services: Business Parcel2Go Preferred Equity2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMemberbcsf:EquitySecuritiesThreeMember2024-12-310001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Subordinated Note Investment Vehicles Spread 10.00% Interest Rate 10.00% Maturity Date 12/27/20332025-03-310001655050Investment Opus2 Acquisition Date 6/16/20212024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 09/10/20262025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Revalize, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.90% Interest Rate 10.49% Maturity Date 4/15/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Intoxalock First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.26% Maturity Date 11/1/20282025-09-300001655050Non-controlled/Affiliated Investments Aerospace & Defense Ansett Aviation Training First Lien Senior Secured Loan BBSY Spread 4.69% Interest Rate 9.17% Maturity Date 9/24/20312024-12-310001655050us-gaap:SecuredDebtMemberbcsf:ClassA-2-RRSeniorSecuredFloatingRateNotesMember2025-07-022025-07-020001655050Non-controlled/Non-Affiliated Investments Automotive Gills Point S First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.66% Maturity Date 5/17/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Cube First Lien Senior Secured Loan - Delayed Draw Maturity Date 5/20/20312024-12-310001655050bcsf:Notes2.55PercentDueOctober2026Member2025-01-012025-09-300001655050bcsf:OrionMemberbcsf:DelayedDrawCommitment2Member2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/8/20262025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business AMI First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 8.90% Maturity Date 10/17/20312025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ServicesConsumerMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 03/10/20262025-09-300001655050U.S. Dollar Media: Diversified & Production Aptus 1724 Gmbh First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.15% (1.50% PIK) Interest Rate 12.08% Maturity Date 2/23/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense ATS First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.07% Maturity Date 7/12/20292025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberEnergy: Electricity WCI Gigawatt Purchaser First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.01% Interest Rate 10.21% Maturity Date 11/19/20272025-09-300001655050bcsf:RetailNextMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/16/2026 One2025-09-300001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MinimumMember2025-09-300001655050Investment Brook Bidco Acquisition Date 7/8/20212025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAutomotive JHCC Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 9/9/20272025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:TelecommunicationsSectorMember2024-01-012024-12-310001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Equity Interest Investment Vehicles2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:AUDbcsf:MediaAdvertisingPrintingAndPublishingMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business DTIQ Equity Interest2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 5/19/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Bank of New York Mellon Settlement Date 3/17/20252024-12-310001655050bcsf:SumitomoCreditFacilityMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:HighTechIndustriesMember2025-09-300001655050Investment Bain Capital Senior Loan Program, LLC Acquisition Date 12/27/20212025-01-012025-09-300001655050bcsf:S2024Q2DividendsMember2024-07-292024-07-290001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Consumer SG Global Midco Limited First Lien Senior Secured Loan Spread 6.00% Interest Rate 6.00% Maturity Date 12/31/20282025-09-300001655050country:AU2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:FirstLienSeniorSecuredLoansTwoMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001655050us-gaap:EquitySecuritiesMember2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense ATS First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.05% Maturity Date 7/12/20292024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaBroadcastingAndSubscriptionMember2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:ElevationNewCoLLCMember2025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:TransportationConsumerMember2025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes2.95PercentDueMarch2026Member2024-12-310001655050Services: Consumer MZR Buyer, LLC First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.21% Maturity Date 12/22/2026bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Chilton First Lien Senior Secured Loan - Revolver SOFR Spread 5.50% Interest Rate 9.82% Maturity Date 2/5/20312025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:PrecisionConceptsParentIncMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.65% Maturity Date 5/28/20262024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 8/27/20262025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMember2023-09-112023-09-110001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Whitcraft-Paradigm First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.83% Maturity Date 2/15/20292024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP First Lien Senior Secured Loan - Revolver Maturity Date 4/27/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Cube First Lien Senior Secured Loan Maturity Date 2/20/20252024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan - Revolver Maturity Date 10/02/20282024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Services: Business Fiduciaire Jean-Marc Faber (FJMF) First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 5.50% Interest Rate 7.58% Maturity Date 4/3/20322025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment PPT Group First Lien Senior Secured Loan - Revolver Maturity Date 2/28/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.85% Interest Rate 11.21% Maturity Date 12/15/20252024-12-310001655050us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputComparabilityAdjustmentMembersrt:MaximumMember2025-09-300001655050us-gaap:FoodAndBeverageSectorMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050bcsf:PrimePlusOnePointFiveZeroPercentageMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Settlement Date 10/09/20252025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 03/20/20252024-12-310001655050country:KY2025-01-012025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 01/15/20252024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Morrow Sodali First Lien Senior Secured Loan SOFR Spread 5.48% Interest Rate 9.64% Maturity Date 4/25/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Nine Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Concert Golf Partners Holdco LLC First Lien Senior Secured Loan SOFR Spread 4.50% Interest Rate 8.50% Maturity Date 3/31/20312025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:EnvironmentalIndustriesSectorMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Capital Equipment Goodfellow First Lien Senior Secured Loan - Delayed Draw SONIA Spread 5.25% Interest Rate 9.22% Maturity Date 2/10/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 11/10/20252024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty One Morgan Stanley Settlement Date 12/08/20252025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 6/25/20262025-09-300001655050country:IE2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive JHCC Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 9/9/20272025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:SecondLienSeniorSecuredLoanMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan SOFR Spread 6.10% Interest Rate 10.26% Maturity Date 8/20/20292025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 1/30/20262025-01-012025-09-300001655050bcsf:AerospaceAndDefenseSectorMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:HealthcareAndPharmaceuticalsMembercurrency:EUR2025-09-300001655050Investment Galeria Acquisition Date 8/1/20242025-01-012025-09-300001655050bcsf:BCSFAdvisorsLpMember2025-01-012025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:FiduciaireJean-MarcFaberMember2025-09-300001655050us-gaap:FairValueInputsLevel3Memberbcsf:PreferredStockOneMemberbcsf:ValuationTechniqueComparableCompanyMultipleMemberus-gaap:MeasurementInputEbitdaMultipleMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Durable Stanton Carpet Second Lien Senior Secured Loan SOFR Spread 9.15% Interest Rate 13.74% Maturity Date 3/31/20282024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:TransportationConsumerSectorMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Wholesale WSP Preferred Equity2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive Intoxalock First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 11/1/20282024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Accident Care Alliance Holdco LLC First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.00% Maturity Date 8/20/20302025-09-300001655050bcsf:FirstLienSeniorSecuredLoanCommitmentMemberbcsf:LagerboxMember2024-12-310001655050bcsf:PlaskolitePPCIntermediateIILLCMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Brook Bidco First Lien Senior Secured Loan SOFR Spread 1.91% (5.93% PIK) Interest Rate 12.21% Maturity Date 7/10/20282025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Datix Bidco Limited First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 10.26% Maturity Date 4/30/20312024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Media: Broadcasting & Subscription Lightning Finco Limited First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 7.83% Maturity Date 8/31/20282024-12-310001655050Transportation: Cargo RoadOne First Lien Senior Secured Loan SOFR Spread 6.25% Interest Rate 10.84% Maturity Date 12/29/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050us-gaap:TransportationSectorMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050bcsf:WalkerEdisonTwoMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberus-gaap:LineOfCreditMember2024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries AQ Software Corporation Preferred Equity One2024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan - Revolver SOFR Spread 5.65% Interest Rate 9.98% Maturity Date 11/6/20252024-12-310001655050Investment SoftCo Acquisition Date 3/1/20242025-01-012025-09-300001655050bcsf:Notes595PercentDueMarch2030Member2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound High Tech Industries Access First Lien Senior Secured Loan SONIA Spread 5.25% Interest Rate 9.22% Maturity Date 6/28/20292025-09-300001655050bcsf:HealthcareAndPharmaceuticalsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Three Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Investment BCC Jetstream Holdings Aviation (Off I), LLC Acquisition Date 6/1/20172024-01-012024-12-310001655050Investment Sikich Acquisition Date 5/6/20242025-01-012025-09-300001655050us-gaap:SubordinatedDebtMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberbcsf:PantheonMember2021-02-090001655050bcsf:ControlledAffiliatedEntityMember2024-01-012024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EURbcsf:MediaDiversifiedAndProductionMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Gulf Winds International First Lien Senior Secured Loan - Revolver SOFR Spread 7.00% Interest Rate 11.66% Maturity Date 12/16/20282025-09-300001655050bcsf:InvestmentHoldingMemberus-gaap:RetailSectorMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco BCSF Project Aberdeen, LLC Equity Interest2024-12-310001655050Non-controlled/Non-Affiliated Investments FIRE: Insurance Simplicity First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.28% Maturity Date 12/31/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Pure Wafer First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 10.05% Maturity Date 11/12/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals CRH Healthcare Purchaser, Inc. First Lien Senior Secured Loan – Revolver Maturity Date 9/17/20312025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:PsychiatricMedicalCareLLCMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo RoadOne First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.25% Interest Rate 10.56% Maturity Date 12/29/20282025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:MetalsMiningMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Discovery Senior Living First Lien Senior Secured Loan - Revolver Maturity Date 3/18/20302024-12-310001655050bcsf:GoldmanSachsUSTreasuryLiquidReservesFundMember2025-09-300001655050bcsf:ReconomyMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:SumitomoCreditFacilityMember2024-01-012024-09-300001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense ATS First Lien Senior Secured Loan – Revolver Maturity Date 7/12/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan - Revolver SOFR Spread 6.35% Interest Rate 10.51% Maturity Date 3/31/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Two Standard Chartered Settlement Date 10/02/20262025-09-300001655050bcsf:RedMedOperationsCollageRehabilitationMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Automotive JHCC Holdings, LLC First Lien Senior Secured Loan - Revolver Prime Spread 4.25% Interest Rate 11.50% Maturity Date 9/9/20272025-09-300001655050bcsf:SumitomoCreditFacilityMember2022-07-060001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberChemicals, Plastics & Rubber INEOS US Petrochem First Lien Senior Secured Loan SOFR Spread 3.85% Interest Rate 7.21% Maturity Date 3/14/20302024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:HighTechIndustriesMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberU.S. Dollar Services: Business Chamber Bidco Limited First Lien Senior Secured Loan LIBOR Spread 5.75% Interest Rate 10.12% Maturity Date 6/2/20282024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputComparabilityAdjustmentMemberbcsf:FirstLienSeniorSecuredLoansOneMembersrt:MaximumMember2024-12-310001655050us-gaap:FairValueInputsLevel2Memberbcsf:Notes595PercentDueMarch2030Member2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:ConsumerDurableMember2024-12-310001655050bcsf:HealthcareAndPharmaceuticalsMemberbcsf:InvestmentHoldingMember2024-12-310001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Orion First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.00% Interest Rate 9.26% Maturity Date 3/19/20272025-09-300001655050bcsf:AllbridgeMemberbcsf:RevolverCommitmentMember2024-12-310001655050Investment ADT Pizza, LLC Acquisition Date 10/29/20182024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals HealthDrive First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.10% Interest Rate 10.46% Maturity Date 08/20/2029 One2024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:WholesaleMember2024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:GBPbcsf:HighTechIndustriesMember2025-09-300001655050bcsf:MetalsAndMiningMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals Beacon Specialized Living First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 3/25/20282025-09-300001655050bcsf:InterestRateFloorFiveMember2024-01-012024-12-310001655050bcsf:DcBloxThreeMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2024-01-012024-12-310001655050bcsf:GaapIncentiveFeeMember2024-01-012024-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan - Revolver Maturity Date 1/31/20292025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 02/24/20262025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/21/20252024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHealthcare & Pharmaceuticals AEG Vision First Lien Senior Secured Loan SOFR Spread 5.90% Interest Rate 9.90% Maturity Date 3/27/20272025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Service Master First Lien Senior Secured Loan - Revolver SOFR Spread 6.01% (1.00% PIK) Interest Rate 11.34% Maturity Date 8/16/20272024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss Holdings, Inc. First Lien Senior Secured Loan - Revolver SOFR Maturity Date 5/6/20272024-12-310001655050bcsf:ConstructionAndBuildingSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2023-12-310001655050FIRE: Finance Wealth Enhancement Group (WEG) First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.50% Interest Rate 8.79% Maturity Date 10/2/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Datix Bidco Limited First Lien Senior Secured Loan - Revolver Maturity Date 10/30/20302025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ServicesBusinessMember2025-06-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:HellersMember2024-12-310001655050us-gaap:FairValueInputsLevel1Member2024-12-310001655050us-gaap:RelatedPartyMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-07-012024-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Investment Revalize, Inc. Acquisition Date 12/29/20222024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo Grammer Investment Holdings LLC Warrants2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable RoC Skincare First Lien Senior Secured Loan Spread 5.75% Interest Rate 9.96% Maturity Date 2/21/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Non-Durable Solaray, LLC First Lien Senior Secured Loan SOFR Spread 6.85% Interest Rate 11.21% Maturity Date 12/15/20252024-12-310001655050Automotive Cardo First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.54% Maturity Date 5/12/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan SOFR Spread 2.95% (2.95% PIK) Interest Rate 10.20% Maturity Date 11/5/20272025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries RetailNext First Lien Senior Secured Loan - Revolver Maturity Date 12/5/20302024-12-310001655050bcsf:USBankMemberus-gaap:ForeignExchangeForwardMember2025-09-300001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Investment Cloud Technology Solutions (CTS) Acquisition Date 12/15/20222025-01-012025-09-300001655050bcsf:Notes2.95PercentDueMarch2026Member2024-07-012024-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance TA/Weg Holdings First Lien Senior Secured Loan - Delayed Draw SOFR Spread 4.50% Interest Rate 8.79% Maturity Date 10/2/2028 One2025-09-300001655050Investment iBanFirst Facility Acquisition Date 7/13/20212025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Pure Wafer First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 9.51% Maturity Date 11/12/20302025-09-300001655050Investment Grammer Investment Holdings LLC Acquisition Date 10/1/20182024-01-012024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 09/16/20262025-01-012025-09-300001655050Investment Gale Aviation (Offshore) Co Acquisition Date 1/2/20192024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense ATS First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.07% Maturity Date 7/12/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable Hempz First Lien Senior Secured Loan - Revolver Maturity Date 10/25/20292025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:BankingFinanceInsuranceAndRealEstateSectorMember2024-12-310001655050bcsf:RevolverCommitment1Memberbcsf:McLarensAcquisitionIncMember2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Lagerbox First Lien Senior Secured Loan Euribor spread 3.50% Interest Rate 5.53% Maturity Date 12/20/20282025-09-300001655050bcsf:DatixBidcoLimitedMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ Preferred Equity2025-09-300001655050bcsf:WholesaleMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050bcsf:ControlledAffiliatedEntityMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Morrow Sodali First Lien Senior Secured Loan SOFR Spread 5.35% Interest Rate 9.51% Maturity Date 4/25/20282025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassCRTwoZeroOneEightOneNotesMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Construction & Building Chase Industries, Inc. First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.65% (1.50% PIK) Interest Rate 11.48% Maturity Date 5/12/20252024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:USDbcsf:MediaBroadcastingAndSubscriptionMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHotel, Gaming & Leisure Awayday First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.25% Maturity Date 5/6/20322025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 06/23/20252024-12-310001655050bcsf:Notes2019OneMember2024-01-012024-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Gainwell Acquisition First Lien Senior Secured Loan Spread 4.20% Interest Rate 8.70% Maturity Date 10/1/20272024-12-310001655050us-gaap:DomesticCountryMember2025-07-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Premier Imaging, LLC First Lien Senior Secured Loan- Delayed Draw SOFR Spread 6.26% Interest Rate 10.59% Maturity Date 3/31/20262024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberWholesale Blackbird Purchaser, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.83% Maturity Date 12/19/20302024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050bcsf:VesscoWaterMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:JhccHoldingsLlcMemberbcsf:RevolverCommitmentMember2024-12-310001655050bcsf:DcBloxThreeMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:PreferredEquityMember2024-12-310001655050Investment AQ Software Corporation Acquisition Date 4/14/20222024-01-012024-12-310001655050Investment BCC Jetstream Holdings Aviation (On II), LLC Acquisition Date 6/1/20172024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business Cube First Lien Senior Secured Loan - Delayed Draw SOFR Spread 6.25% Interest Rate 10.59% Maturity Date 5/20/20312024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberHigh Tech Industries Black Mountain First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.33% Maturity Date 10/7/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business SoftCo Equity Interest2024-12-310001655050us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Chemicals, Plastics & Rubber AP Plastics Group, LLC First Lien Senior Secured Loan - Delayed Draw Maturity Date 8/10/20302025-09-300001655050bcsf:MasterConcessionAirMemberbcsf:DelayedDrawCommitmentMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 11.02% Maturity Date 8/1/2028 One2024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan - Delayed Draw Maturity Date 08/09/20312024-12-310001655050bcsf:ClassAOneRTwoZeroOneEightOneNotesMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2025-01-012025-09-300001655050Investment Chartbeat Acquisition Date 10/4/20242024-01-012024-12-310001655050bcsf:DatixBidcoLimitedMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050us-gaap:FairValueInputsLevel2Memberbcsf:FirstLienSeniorSecuredLoansMember2025-09-300001655050bcsf:CitibankMemberus-gaap:ForeignExchangeForwardMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:CapitalEquipmentSectorMember2024-12-310001655050Investment Utimaco Acquisition Date 6/28/20222025-01-012025-09-300001655050Controlled Affiliate Investments Aerospace & Defense BCC Jetstream Holdings Aviation (Off I), LLC Equity Interest2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:SubordinatedNoteInInvestmentVehiclesMembersrt:MaximumMemberbcsf:MeasurementInputRecoveryRateMember2025-09-300001655050bcsf:SubAdministratorMember2025-07-012025-09-300001655050Retail Thrasio, LLC First Lien Senior Secured Loan SOFR Spread 10.26% PIK Interest Rate 14.58% Maturity Date 6/18/2029 Onebcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050Investment Rydoo Acquisition Date 9/26/20242025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:ClassCRTwoZeroOneEightOneNotesMember2025-09-300001655050country:CA2025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Appriss First Lien Senior Secured Loan - Revolver SOFR Spread 5.00% Interest Rate 9.12% Maturity Date 3/10/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan - Revolver SOFR Spread 5.75% Interest Rate 8.81% Maturity Date 10/17/20312025-09-300001655050bcsf:NonControlledAffiliatedEntityMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals RedMed Operations (Collage Rehabilitation) First Lien Senior Secured Loan - Delayed Draw Maturity Date 2/28/20312025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Wells Fargo Settlement Date 7/29/20252024-12-310001655050country:FR2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Elevator Holdco Inc. Equity Interest2024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:MediaAdvertisingPrintingAndPublishingMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 03/10/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Mach Acquisition R/C First Lien Senior Secured Loan - Revolver SOFR Spread 7.15% Interest Rate 11.14% Maturity Date 10/19/20262025-09-300001655050bcsf:WalkerEdisonTwoMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2024-01-012024-12-310001655050bcsf:BorrowingBaseLessThanProductOf1.60AndRevolvingCreditExposureMemberbcsf:SumitomoCreditFacilityMemberbcsf:AlternateBaseRateMember2021-12-242021-12-240001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 06/23/20252024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Twelve Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050bcsf:WalkerEdisonFiveMemberbcsf:FirstLienSeniorSecuredLoanDelayedDrawMemberbcsf:NonControlledAffiliatedEntityMember2025-09-300001655050us-gaap:RetailMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Capital Equipment Engineered Products Co., LLC First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.81% Maturity Date 8/12/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Beverage, Food & Tobacco AgroFresh Solutions First Lien Senior Secured Loan SOFR Spread 6.35% Interest Rate 10.71% Maturity Date 3/31/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Brook Bidco First Lien Senior Secured Loan SONIA Spread 4.03% (3.50% PIK) Interest Rate 12.01% Maturity Date 7/10/20282024-12-310001655050bcsf:IncentiveFeeBasedOnCapitalGainsMember2025-01-012025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:MediaDiversifiedAndProductionMember2024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:HellersMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberAustralian Dollar Media: Advertising, Printing & Publishing T G I Sport Bidco Pty Ltd First Lien Senior Secured Loan BBSY Spread 7.00% Interest Rate 10.59% Maturity Date 4/30/20262025-09-300001655050FIRE: Finance Choreo First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.36% Maturity Date 12/18/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:WholesaleMember2024-12-310001655050High Tech Industries Superna Inc. First Lien Senior Secured Loan SOFR Spread 6.50% Interest Rate 10.93% Maturity Date 3/6/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050Investment AQ Software Corporation Acquisition Date 12/10/20212025-01-012025-09-300001655050bcsf:InvestmentVehiclesMemberbcsf:InvestmentHoldingMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries Eleven Software First Lien Senior Secured Loan SOFR Spread 8.00% Interest Rate 12.00% Maturity Date 4/25/20272025-09-3000016550502025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:UtilitiesWaterMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Banking, Finance, Insurance & Real Estate Electronic Merchant Systems First Lien Senior Secured Loan – Revolver Maturity Date 8/1/20302024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Mach Acquisition T/L First Lien Senior Secured Loan SOFR Spread 6.65% (2.00% PIK) Interest Rate 13.27% Maturity Date 10/19/20262024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:HotelGamingAndLeisureMember2025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberRetail New Look (Delaware) Corporation First Lien Senior Secured Loan SOFR Spread 5.50% Interest Rate 9.50% Maturity Date 5/26/20282025-09-300001655050us-gaap:ConstructionSectorMemberbcsf:InvestmentHoldingMember2024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building G702 Buyer, Inc. First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.75% Maturity Date 7/2/20312025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Orion First Lien Senior Secured Loan SOFR Spread 5.00% Interest Rate 9.26% Maturity Date 3/19/20272025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 6/8/20262025-09-300001655050bcsf:BCSFAdvisorsLpMember2025-07-012025-09-300001655050bcsf:Notes2.55PercentDueOctober2026Member2021-10-132021-10-130001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberFIRE: Finance Hudson River Trading First Lien Senior Secured Loan SOFR Spread 3.00% Interest Rate 7.48% Maturity Date 3/18/20302024-12-310001655050bcsf:DirectTravelIncMemberbcsf:NonControlledAffiliatedEntityMemberbcsf:EquityInterestMember2024-01-012024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:SpringFincoBvMember2025-09-300001655050bcsf:InterestRateFloorFiveMemberbcsf:InternationalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberbcsf:AmberstoneCo.Ltd.Member2022-02-092022-02-090001655050bcsf:EquityInterestInInvestmentVehiclesMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 2.65% (4.25% PIK) Interest Rate 11.19% Maturity Date 2/3/2028 One2025-09-300001655050bcsf:SupernaIncMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050bcsf:BCSFAdvisorsLpMember2019-02-012019-02-010001655050bcsf:ChiltonMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty One Standard Chartered Settlement Date 06/10/20252024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Master ConcessionAir First Lien Senior Secured Loan - Delayed Draw SOFR Spread 8.75% Interest Rate 13.00% Maturity Date 6/21/20292025-09-300001655050bcsf:InterestRateFloorThreeMember2025-01-012025-09-300001655050bcsf:ForestProductsPaperMemberbcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:SubordinatedNoteInvestmentVehicleMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2024-01-012024-12-310001655050bcsf:RevolverCommitmentMemberbcsf:AwaydayMember2025-09-300001655050bcsf:ThreeMonthTenorTermBenchmarkLoanMemberbcsf:SumitomoCreditFacilityMember2024-05-200001655050bcsf:EquityInterestInInvestmentVehiclesMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Bank of New York Mellon Settlement Date 7/21/20252024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberAerospace & Defense Forward Slope First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.60% Maturity Date 8/22/20292025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceutic Great Expressions Dental Center PC First Lien Senior Secured Loan SOFR Spread 1.15% (3.00% PIK) Interest Rate 8.15% Maturity Date 9/30/20262025-09-300001655050British Pound High Tech Industries Cloud Technology Solutions (CTS) First Lien Senior Secured Loan SONIA Spread 2.47% (5.78% PIK) Interest Rate 12.22% Maturity Date 1/3/2030bcsf:InternationalSeniorLoanProgramLlcMember2025-09-300001655050bcsf:WUHoldcoIncMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-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 12.22% Maturity Date 5/9/20302025-09-300001655050Investment GSP Acquisition Date 10/7/20242024-01-012024-12-310001655050bcsf:GulfWindsInternationalMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Services: Business Parcel2Go Preferred Equity2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business AMI First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.69% Maturity Date 10/17/20312024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:GillsPointSMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Business ImageTrend First Lien Senior Secured Loan - Revolver Maturity Date 1/31/20292024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency Healthcare & Pharmaceuticals Mertus 522. GmbH First Lien Senior Secured Loan EURIBOR Spread 6.25% (0.75% PIK) Interest Rate 9.04% Maturity Date 5/28/20282025-09-300001655050bcsf:EheHealthMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:MeteorUKBidcoLimitedMemberbcsf:RevolverCommitmentMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Media: Advertising, Printing & Publishing Facts Global Energy First Lien Senior Secured Loan - Delayed Draw Maturity Date 12/20/20312024-12-310001655050bcsf:DelayedDrawCommitmentMemberbcsf:AwaydayMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Services: Business Datix Bidco Limited First Lien Senior Secured Loan - Delayed Draw Maturity Date 4/30/20312024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Two Morgan Stanley Settlement Date 02/24/20262025-09-300001655050Non-controlled/Affiliated Investments Telecommunications DC Blox Preferred Equity Spread 8.00% PIK Interest Rate 8.00%2024-12-310001655050FIRE: Finance Insigneo Financial Group LLC First Lien Senior Secured Loan SOFR Spread 6.60% Interest Rate 10.79% Maturity Date 8/1/2028bcsf:BainCapitalSeniorLoanProgramLlcMember2025-09-300001655050country:NL2025-01-012025-09-300001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberConsumer Goods: Wholesale WSP First Lien Senior Secured Loan SOFR Spread 8.00% PIK Interest Rate 8.00% Maturity Date 4/27/20282024-12-310001655050country:IE2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Parmenion First Lien Senior Secured Loan SONIA spread 5.50% Interest Rate 9.47% Maturity Date 5/23/20292025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMembercurrency:EUR2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Seven Standard Chartered Settlement Date 10/09/20252025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals SunMed Group Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.60% Interest Rate 9.91% Maturity Date 6/16/20282025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Standard Chartered Settlement Date 10/02/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense GSP Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.65% Interest Rate 9.98% Maturity Date 11/6/20252024-12-310001655050Investment Taoglas Acquisition Date 2/28/20232025-01-012025-09-300001655050bcsf:ConsumerGoodsNonDurableSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2023-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Citibank Settlement Date 1/9/20252024-01-012024-12-310001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Red Nucleus First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 10/17/20312024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound Media: Advertising, Printing & Publishing TGI Sport Bidco Pty Ltd First Lien Senior Secured Loan - Delayed Draw SONIA Spread 6.12% Interest Rate 10.82%2024-12-310001655050Non-controlled/Non-Affiliated Investments Automotive JHCC Holdings, LLC First Lien Senior Secured Loan SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/9/20272024-12-310001655050Non-controlled/Non-Affiliated Investments Transportation: Cargo A&R Logistics, Inc. First Lien Senior Secured Loan SOFR Spread 5.50% (1.25% PIK) Interest Rate 11.21% Maturity Date 8/3/20262024-12-310001655050bcsf:ApprissMemberbcsf:DelayedDrawCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 4/10/20262025-01-012025-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMember2023-06-302023-06-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberBritish Pound FIRE: Insurance Margaux UK Finance Limited First Lien Senior Secured Loan SONIA Spread 5.50% Interest Rate 10.20% Maturity Date 12/19/20252024-12-310001655050Controlled Affiliate Investments Aerospace & Defense BCC Jetstream Holdings Aviation (On II), LLC Equity Interest2024-12-310001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:LightningHoldingsBLlcMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Services: Consumer Master ConcessionAir First Lien Senior Secured Loan - Revolver SOFR Spread 8.50% Interest Rate 13.16% Maturity Date 06/21/20292024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:MediaDiversifiedAndProductionMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberbcsf:ValuationTechniqueCollateralCoverageAnalysisMemberbcsf:SubordinatedNoteInInvestmentVehiclesMemberbcsf:MeasurementInputRecoveryRateMember2025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2023-12-310001655050bcsf:SumitomoCreditFacilityMemberbcsf:BorrowingBaseEqualToOrGreaterThanProductOf1.60AndRevolvingCreditExposureMemberbcsf:OneMonthEurocurrencyRateMember2021-12-242021-12-240001655050bcsf:NewLookVisionGroupMemberbcsf:RevolverCommitmentMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Goldman Sachs Settlement Date 02/24/20262025-01-012025-09-300001655050bcsf:EquityInterestMemberbcsf:ControlledAffiliatedEntityMemberbcsf:InternationalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberTransportation: Cargo Gulf Winds International First Lien Senior Secured Loan SOFR Spread 6.00% (1.00% PIK) Interest Rate 11.16% Maturity Date 12/16/20282025-09-300001655050bcsf:S2025Q3DividendsMember2025-09-302025-09-300001655050Non-controlled/Non-Affiliated Investments High Tech Industries HG Insights, Inc. First Lien Senior Secured Loan SOFR Spread 7.50% Interest Rate 11.64% Maturity Date 6/16/20312025-09-300001655050bcsf:SGGlobalMidcoLimitedMemberbcsf:ControlledAffiliatedEntityMemberbcsf:FirstLienSeniorSecuredLoanMember2025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMember2024-01-012024-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerSectorDurableMember2024-01-012024-12-310001655050bcsf:BainCapitalSeniorLoanProgramLlcMemberServices: Business Electronic Merchant Systems First Lien Senior Secured Loan SOFR Spread 4.75% Interest Rate 8.92% Maturity Date 8/1/20302025-09-300001655050bcsf:DelayedDrawCommitmentMemberbcsf:AGSAmericanGlassServicesAcquisitionLLCMember2025-09-300001655050bcsf:RevolverCommitmentMemberbcsf:WCIGigawattPurchaserMember2024-12-310001655050us-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Healthcare & Pharmaceuticals Nafinco First Lien Senior Secured Loan EURIBOR Spread 5.25% Interest Rate 7.29% Maturity Date 08/29/20312025-09-300001655050Automotive JHCC Holdings, LLC First Lien Senior Secured Loan - Delayed Draw SOFR Spread 5.25% Interest Rate 9.58% Maturity Date 9/9/2027bcsf:BainCapitalSeniorLoanProgramLlcMember2024-12-310001655050bcsf:InvestmentHoldingMemberbcsf:WholesaleMember2025-01-012025-09-300001655050Investment Opus2 Acquisition Date 6/16/20212025-01-012025-09-300001655050bcsf:OrionMemberbcsf:RevolverCommitmentMember2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty BNP Paribas Settlement Date 3/30/20262025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Taoglas First Lien Senior Secured Loan SOFR Spread 7.25% Interest Rate 11.25% Maturity Date 2/28/2029 Two2025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance PMA First Lien Senior Secured Loan - Revolver Maturity Date 1/31/20312025-09-300001655050Non-controlled/Non-Affiliated Investments Telecommunications Meriplex Communications, Ltd. First Lien Senior Secured Loan SOFR Spread 5.10% Interest Rate 9.46% Maturity Date 7/17/20282024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty US Bank Settlement Date 6/25/20262025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments FIRE: Finance Congress Wealth First Lien Senior Secured Loan - Revolver Maturity Date 6/30/20292024-12-310001655050us-gaap:InvestmentUnaffiliatedIssuerMemberbcsf:ConsumerGoodsDurableSectorMember2023-12-310001655050country:GB2025-09-300001655050bcsf:SumitomoCreditFacilityMember2024-07-012024-09-300001655050bcsf:InternationalSeniorLoanProgramLlcMemberCanadian Dollar Retail New Look Vision Group First Lien Senior Secured Loan - Delayed Draw CORRA Spread 5.82% Interest Rate 8.99% Maturity Date 5/26/20282024-12-310001655050us-gaap:ForeignExchangeForwardMemberbcsf:BankOfNewYorkMember2024-12-310001655050Non-controlled/Non-Affiliated Investments Construction & Building Elk Preferred Equity2025-09-300001655050Controlled Affiliate Investments Investment Vehicles Bain Capital Senior Loan Program, LLC Equity Interest Investment Vehicles2025-09-300001655050Forward Foreign Currency Exchange Contracts Counterparty Five Standard Chartered Settlement Date 01/15/20252024-12-310001655050Non-controlled/Non-Affiliated Investments High Tech Industries Utimaco First Lien Senior Secured Loan SOFR Spread 5.75% Interest Rate 10.01% Maturity Date 5/14/20292025-09-300001655050bcsf:BtxPrecisionMemberbcsf:RevolverCommitmentMember2025-09-300001655050bcsf:DelayedDrawCommitment2Memberbcsf:FactsGlobalEnergyMember2024-12-310001655050Forward Foreign Currency Exchange Contracts Counterparty Morgan Stanley Settlement Date 05/08/20262025-01-012025-09-300001655050bcsf:InvestmentHoldingMemberbcsf:ConsumerGoodsWholesaleSectorMember2025-01-012025-09-300001655050Non-controlled/Non-Affiliated Investments Hotel, Gaming & Leisure City BBQ First Lien Senior Secured Loan - Revolver Maturity Date 9/4/20302025-09-300001655050us-gaap:InvestmentUnaffiliatedIssuerMember2024-07-012024-09-300001655050bcsf:PreferredEquityInterestInInvestmentVehiclesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001655050Non-controlled/Non-Affiliated Investments Consumer Goods: Non-Durable RoC Skincare First Lien Senior Secured Loan SOFR Spread 6.00% Interest Rate 10.52% Maturity Date 2/21/20312024-12-310001655050Non-controlled/Non-Affiliated Investments Aerospace & Defense Forming Machining Industries Holdings, LLC Second Lien Senior Secured Loan SOFR Spread 8.90% PIK Interest Rate 13.41% Maturity Date 10/9/20262024-12-310001655050bcsf:InternationalSeniorLoanProgramLlcMemberEuropean Currency High Tech Industries PlentyMarkets First Lien Senior Secured Loan - Delayed Draw EURIBOR Spread 3.25% (3.70% PIK) Interest Rate 8.89% Maturity Date 4/2/20322025-09-30iso4217:AUDiso4217:EURxbrli:purebcsf:Loaniso4217:CADbcsf:Itemiso4217:NZDxbrli:sharesiso4217:GBPbcsf:Borroweriso4217:DKKiso4217: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 September 30, 2025
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 November 10, 2025, 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 September 30, 2025 (unaudited) and December 31, 2024 |
3 |
|
|
|
|
Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024 (unaudited) |
4 |
|
|
|
|
Consolidated Statements of Changes in Net Assets for the three and nine months ended September 30, 2025 and 2024 (unaudited) |
5 |
|
|
|
|
Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 (unaudited) |
6 |
|
|
|
|
Consolidated Schedules of Investments as of September 30, 2025 (unaudited) and December 31, 2024 |
7 |
|
|
|
|
Notes to Consolidated Financial Statements (unaudited) |
47 |
|
|
|
Item 2. |
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
126 |
|
|
|
Item 3. |
Quantitative and Qualitative Disclosures About Market Risk |
147 |
|
|
|
Item 4. |
Controls and Procedures |
148 |
|
|
|
PART II |
OTHER INFORMATION |
|
|
|
|
Item 1. |
Legal Proceedings |
148 |
|
|
|
Item 1A. |
Risk Factors |
149 |
|
|
|
Item 2. |
Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities |
149 |
|
|
|
Item 3. |
Default Upon Senior Securities |
149 |
|
|
|
Item 4. |
Mine Safety Disclosures |
149 |
|
|
|
Item 5. |
Other Information |
149 |
|
|
|
Item 6. |
Exhibits, Consolidated Financial Statement Schedules |
150 |
|
|
|
Signatures |
155 |
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 the Company, 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, 2024 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, 2024. 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.
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 |
|
|
|
September 30, 2025 |
|
|
December 31, 2024 |
|
|
|
(Unaudited) |
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
Investments at fair value: |
|
|
|
|
|
|
|
|
Non-controlled/non-affiliate investments (amortized cost of $1,913,737 and $1,784,019, respectively) |
|
$ |
|
1,934,475 |
|
|
$ |
|
1,773,742 |
|
Non-controlled/affiliate investments (amortized cost of $7,480 and $77,269, respectively) |
|
|
|
15,158 |
|
|
|
|
75,733 |
|
Controlled affiliate investments (amortized cost of $603,520 and $585,702, respectively) |
|
|
|
584,465 |
|
|
|
|
581,714 |
|
Cash and cash equivalents |
|
|
|
40,874 |
|
|
|
|
51,562 |
|
Foreign cash (cost of $18,858 and $2,640, respectively) |
|
|
|
19,730 |
|
|
|
|
1,963 |
|
Restricted cash and cash equivalents |
|
|
|
26,168 |
|
|
|
|
45,541 |
|
Collateral on derivatives |
|
|
|
11,110 |
|
|
|
|
9,755 |
|
Deferred financing costs |
|
|
|
3,807 |
|
|
|
|
4,591 |
|
Interest receivable on investments |
|
|
|
37,241 |
|
|
|
|
39,164 |
|
Interest rate swap |
|
|
|
9,062 |
|
|
|
|
— |
|
Receivable for sales and paydowns of investments |
|
|
|
29,162 |
|
|
|
|
37,760 |
|
Prepaid insurance |
|
|
|
727 |
|
|
|
|
197 |
|
Unrealized appreciation on forward currency exchange contracts |
|
|
|
— |
|
|
|
|
4,690 |
|
Dividend receivable |
|
|
|
4,057 |
|
|
|
|
5,745 |
|
Total Assets |
|
$ |
|
2,716,036 |
|
|
$ |
|
2,632,157 |
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
Debt (net of unamortized debt issuance costs of $11,205 and $4,929, respectively) |
|
$ |
|
1,496,360 |
|
|
$ |
|
1,390,270 |
|
Interest payable |
|
|
|
12,945 |
|
|
|
|
13,860 |
|
Payable for investments purchased |
|
|
|
2,682 |
|
|
|
|
29,490 |
|
Collateral payable on derivatives |
|
|
|
8,310 |
|
|
|
|
— |
|
Unrealized depreciation on forward currency exchange contracts |
|
|
|
10,619 |
|
|
|
|
1,185 |
|
Base management fee payable |
|
|
|
9,430 |
|
|
|
|
9,160 |
|
Incentive fee payable |
|
|
|
4,599 |
|
|
|
|
4,696 |
|
Accounts payable and accrued expenses |
|
|
|
42,544 |
|
|
|
|
14,771 |
|
Distributions payable |
|
|
|
— |
|
|
|
|
29,053 |
|
Total Liabilities |
|
|
|
1,587,489 |
|
|
|
|
1,492,485 |
|
|
|
|
|
|
|
|
|
|
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 64,562,265 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively |
|
|
|
65 |
|
|
|
|
65 |
|
Paid in capital in excess of par value |
|
|
|
1,164,045 |
|
|
|
|
1,159,493 |
|
Total distributable loss |
|
|
|
(35,563 |
) |
|
|
|
(19,886 |
) |
Total Net Assets |
|
|
|
1,128,547 |
|
|
|
|
1,139,672 |
|
Total Liabilities and Total Net Assets |
|
$ |
|
2,716,036 |
|
|
$ |
|
2,632,157 |
|
|
|
|
|
|
|
|
|
|
Net asset value per share |
|
$ |
|
17.40 |
|
|
$ |
|
17.65 |
|
See Notes to Consolidated Financial Statements
Bain Capital Specialty Finance, Inc.
Consolidated Statements of Operations
(in thousands, except share and per share data)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, |
|
|
For the Nine Months Ended September 30, |
|
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment income from non-controlled/non-affiliate investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest from investments |
|
$ |
|
43,677 |
|
|
$ |
|
45,135 |
|
|
$ |
|
129,641 |
|
|
$ |
|
134,193 |
|
Dividend income |
|
|
|
600 |
|
|
|
|
826 |
|
|
|
|
5,265 |
|
|
|
|
1,261 |
|
PIK income |
|
|
|
7,462 |
|
|
|
|
5,231 |
|
|
|
|
21,569 |
|
|
|
|
15,941 |
|
Other income |
|
|
|
1,538 |
|
|
|
|
5,704 |
|
|
|
|
8,529 |
|
|
|
|
14,100 |
|
Total investment income from non-controlled/non-affiliate investments |
|
|
|
53,277 |
|
|
|
|
56,896 |
|
|
|
|
165,004 |
|
|
|
|
165,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment income from non-controlled/affiliate investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest from investments |
|
|
|
— |
|
|
|
|
120 |
|
|
|
|
135 |
|
|
|
|
2,980 |
|
Dividend income |
|
|
|
— |
|
|
|
|
85 |
|
|
|
|
— |
|
|
|
|
906 |
|
PIK income |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
30 |
|
|
|
|
458 |
|
Other income |
|
|
|
67 |
|
|
|
|
— |
|
|
|
|
109 |
|
|
|
|
— |
|
Total investment income from non-controlled/affiliate investments |
|
|
|
67 |
|
|
|
|
205 |
|
|
|
|
274 |
|
|
|
|
4,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment income from controlled affiliate investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest from investments |
|
|
|
10,273 |
|
|
|
|
10,165 |
|
|
|
|
29,228 |
|
|
|
|
28,948 |
|
Dividend income |
|
|
|
3,581 |
|
|
|
|
5,274 |
|
|
|
|
10,490 |
|
|
|
|
20,523 |
|
PIK income |
|
|
|
2 |
|
|
|
|
— |
|
|
|
|
8 |
|
|
|
|
— |
|
Total investment income from controlled affiliate investments |
|
|
|
13,856 |
|
|
|
|
15,439 |
|
|
|
|
39,726 |
|
|
|
|
49,471 |
|
Total investment income |
|
|
|
67,200 |
|
|
|
|
72,540 |
|
|
|
|
205,004 |
|
|
|
|
219,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and debt financing expenses |
|
|
|
20,310 |
|
|
|
|
18,117 |
|
|
|
|
60,986 |
|
|
|
|
53,804 |
|
Base management fee |
|
|
|
9,430 |
|
|
|
|
8,897 |
|
|
|
|
27,755 |
|
|
|
|
26,484 |
|
Incentive fee |
|
|
|
4,599 |
|
|
|
|
7,020 |
|
|
|
|
12,267 |
|
|
|
|
24,176 |
|
Professional fees |
|
|
|
713 |
|
|
|
|
870 |
|
|
|
|
2,141 |
|
|
|
|
2,700 |
|
Directors fees |
|
|
|
182 |
|
|
|
|
173 |
|
|
|
|
538 |
|
|
|
|
521 |
|
Other general and administrative expenses |
|
|
|
1,965 |
|
|
|
|
2,454 |
|
|
|
|
6,464 |
|
|
|
|
7,374 |
|
Total expenses, net of fee waivers |
|
|
|
37,199 |
|
|
|
|
37,531 |
|
|
|
|
110,151 |
|
|
|
|
115,059 |
|
Net investment income before taxes |
|
|
|
30,001 |
|
|
|
|
35,009 |
|
|
|
|
94,853 |
|
|
|
|
104,251 |
|
Income tax expense, including excise tax |
|
|
|
801 |
|
|
|
|
1,025 |
|
|
|
|
2,953 |
|
|
|
|
3,200 |
|
Net investment income |
|
|
|
29,200 |
|
|
|
|
33,984 |
|
|
|
|
91,900 |
|
|
|
|
101,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized gains (losses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss) on non-controlled/non-affiliate investments |
|
|
|
1,345 |
|
|
|
|
245 |
|
|
|
|
(14,780 |
) |
|
|
|
(7,631 |
) |
Net realized gain (loss) on non-controlled/affiliate investments |
|
|
|
(11,081 |
) |
|
|
|
3,008 |
|
|
|
|
(14,759 |
) |
|
|
|
7,727 |
|
Net realized gain (loss) on foreign currency transactions |
|
|
|
335 |
|
|
|
|
(465 |
) |
|
|
|
667 |
|
|
|
|
(888 |
) |
Net realized gain (loss) on forward currency exchange contracts |
|
|
|
(1,016 |
) |
|
|
|
20 |
|
|
|
|
(4,830 |
) |
|
|
|
1,916 |
|
Net change in unrealized appreciation on foreign currency translation |
|
|
|
(183 |
) |
|
|
|
998 |
|
|
|
|
1,736 |
|
|
|
|
967 |
|
Net change in unrealized appreciation on forward currency exchange contracts |
|
|
|
3,023 |
|
|
|
|
(5,693 |
) |
|
|
|
(14,124 |
) |
|
|
|
(4,289 |
) |
Net change in unrealized appreciation on non-controlled/non-affiliate investments |
|
|
|
(485 |
) |
|
|
|
(2,135 |
) |
|
|
|
31,015 |
|
|
|
|
16,925 |
|
Net change in unrealized appreciation on non-controlled/affiliate investments |
|
|
|
12,459 |
|
|
|
|
2,534 |
|
|
|
|
9,214 |
|
|
|
|
(10,803 |
) |
Net change in unrealized appreciation on controlled affiliate investments |
|
|
|
(14,894 |
) |
|
|
|
600 |
|
|
|
|
(15,067 |
) |
|
|
|
(7,694 |
) |
Total net loss |
|
|
|
(10,497 |
) |
|
|
|
(888 |
) |
|
|
|
(20,928 |
) |
|
|
|
(3,770 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets resulting from operations |
|
$ |
|
18,703 |
|
|
$ |
|
33,096 |
|
|
$ |
|
70,972 |
|
|
$ |
|
97,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net investment income per share of common stock |
|
$ |
|
0.45 |
|
|
$ |
|
0.53 |
|
|
$ |
|
1.42 |
|
|
$ |
|
1.57 |
|
Basic and diluted increase in net assets resulting from operations per share of common stock |
|
$ |
|
0.29 |
|
|
$ |
|
0.51 |
|
|
$ |
|
1.10 |
|
|
$ |
|
1.51 |
|
Basic and diluted weighted average common stock outstanding |
|
|
|
64,868,507 |
|
|
|
|
64,562,265 |
|
|
|
|
64,805,106 |
|
|
|
|
64,562,265 |
|
See Notes to Consolidated Financial Statements
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 September 30, |
|
|
For the Nine Months Ended September 30, |
|
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
|
29,200 |
|
|
$ |
|
33,984 |
|
|
$ |
|
91,900 |
|
|
$ |
|
101,051 |
|
Net realized gain (loss) |
|
|
|
(10,417 |
) |
|
|
|
2,808 |
|
|
|
|
(33,702 |
) |
|
|
|
1,124 |
|
Net change in unrealized appreciation |
|
|
|
(80 |
) |
|
|
|
(3,696 |
) |
|
|
|
12,774 |
|
|
|
|
(4,894 |
) |
Net increase in net assets resulting from operations |
|
|
|
18,703 |
|
|
|
|
33,096 |
|
|
|
|
70,972 |
|
|
|
|
97,281 |
|
Stockholder distributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions from distributable earnings |
|
|
|
(29,191 |
) |
|
|
|
(29,053 |
) |
|
|
|
(87,573 |
) |
|
|
|
(87,159 |
) |
Net decrease in net assets resulting from stockholder distributions |
|
|
|
(29,191 |
) |
|
|
|
(29,053 |
) |
|
|
|
(87,573 |
) |
|
|
|
(87,159 |
) |
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 |
|
|
|
(10,488 |
) |
|
|
|
4,043 |
|
|
|
|
(11,125 |
) |
|
|
|
10,122 |
|
Net assets at beginning of period |
|
|
|
1,139,035 |
|
|
|
|
1,142,545 |
|
|
|
|
1,139,672 |
|
|
|
|
1,136,466 |
|
Net assets at end of period |
|
$ |
|
1,128,547 |
|
|
$ |
|
1,146,588 |
|
|
$ |
|
1,128,547 |
|
|
$ |
|
1,146,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value per share of common stock |
|
$ |
|
17.40 |
|
|
$ |
|
17.76 |
|
|
$ |
|
17.40 |
|
|
$ |
|
17.76 |
|
Common stock outstanding at end of period |
|
|
|
64,868,507 |
|
|
|
|
64,562,265 |
|
|
|
|
64,868,507 |
|
|
|
|
64,562,265 |
|
See Notes to Consolidated Financial Statements
Bain Capital Specialty Finance, Inc.
Consolidated Statements of Cash Flows
(in thousands, except share and per share data)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, |
|
|
|
|
2025 |
|
|
|
2024 |
|
Cash flows from operating activities |
|
|
|
|
|
|
|
|
Net increase in net assets resulting from operations |
|
$ |
|
70,972 |
|
|
$ |
|
97,281 |
|
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash used in operating activities: |
|
|
|
|
|
|
|
|
Purchases of investments |
|
|
|
(1,150,381 |
) |
|
|
|
(1,097,835 |
) |
Proceeds from principal payments and sales of investments |
|
|
|
1,052,024 |
|
|
|
|
1,001,530 |
|
Net realized (gain) loss from investments |
|
|
|
29,539 |
|
|
|
|
(96 |
) |
Net realized (gain) loss on foreign currency transactions |
|
|
|
(667 |
) |
|
|
|
888 |
|
Net change in unrealized appreciation on forward currency exchange contracts |
|
|
|
14,124 |
|
|
|
|
4,289 |
|
Net change in unrealized appreciation on investments |
|
|
|
(25,162 |
) |
|
|
|
1,572 |
|
Net change in unrealized appreciation on foreign currency translation |
|
|
|
(1,736 |
) |
|
|
|
(967 |
) |
Increase in investments due to PIK |
|
|
|
(23,351 |
) |
|
|
|
(18,723 |
) |
Accretion of discounts and amortization of premiums |
|
|
|
(3,788 |
) |
|
|
|
(3,791 |
) |
Amortization of deferred financing costs and debt issuance costs |
|
|
|
3,844 |
|
|
|
|
3,095 |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
Collateral on derivatives |
|
|
|
(1,355 |
) |
|
|
|
(2,062 |
) |
Interest receivable on investments |
|
|
|
1,923 |
|
|
|
|
2,649 |
|
Interest rate swap |
|
|
|
(112 |
) |
|
|
|
— |
|
Prepaid insurance |
|
|
|
(530 |
) |
|
|
|
(173 |
) |
Dividend receivable |
|
|
|
1,688 |
|
|
|
|
744 |
|
Interest payable |
|
|
|
(915 |
) |
|
|
|
(113 |
) |
Collateral payable on derivatives |
|
|
|
8,310 |
|
|
|
|
— |
|
Base management fee payable |
|
|
|
270 |
|
|
|
|
(32 |
) |
Incentive fee payable |
|
|
|
(97 |
) |
|
|
|
(307 |
) |
Accounts payable and accrued expenses |
|
|
|
27,773 |
|
|
|
|
4,937 |
|
Net cash provided by (used in) operating activities |
|
|
|
2,373 |
|
|
|
|
(7,114 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
Borrowings on debt |
|
|
|
1,164,615 |
|
|
|
|
565,000 |
|
Repayments on debt |
|
|
|
(1,061,199 |
) |
|
|
|
(522,301 |
) |
Payments of financing costs |
|
|
|
(9,336 |
) |
|
|
|
(3,173 |
) |
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 |
|
|
|
(116,626 |
) |
|
|
|
(85,222 |
) |
Net cash used in financing activities |
|
|
|
(17,070 |
) |
|
|
|
(45,696 |
) |
Net decrease in cash, foreign cash, restricted cash and cash equivalents |
|
|
|
(14,697 |
) |
|
|
|
(52,810 |
) |
Effect of foreign currency exchange rates |
|
|
|
2,403 |
|
|
|
|
79 |
|
Cash, foreign cash, restricted cash and cash equivalents, beginning of period |
|
|
|
99,066 |
|
|
|
|
112,484 |
|
Cash, foreign cash, restricted cash and cash equivalents, end of period |
|
$ |
|
86,772 |
|
|
$ |
|
59,753 |
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
|
Cash interest paid during the period |
|
$ |
|
58,057 |
|
|
$ |
|
50,822 |
|
Cash paid for excise taxes during the period |
|
$ |
|
3,337 |
|
|
$ |
|
2,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, |
|
|
|
|
2025 |
|
|
|
2024 |
|
Cash |
|
$ |
|
40,874 |
|
|
$ |
|
25,336 |
|
Restricted cash |
|
|
|
26,168 |
|
|
|
|
29,292 |
|
Foreign cash |
|
|
|
19,730 |
|
|
|
|
5,125 |
|
Total cash, foreign cash, restricted cash, and cash equivalents shown in the consolidated statements of cash flows |
|
$ |
|
86,772 |
|
|
$ |
|
59,753 |
|
See Notes to Consolidated Financial Statements
Bain Capital Specialty Finance, Inc.
Consolidated Schedule of Investments
As of September 30, 2025
(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 (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/12/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
ATS (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
10.07 |
% |
|
7/12/2029 |
|
$ |
|
4,950 |
|
|
|
4,901 |
|
|
|
4,950 |
|
|
|
|
BTX Precision (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
8.96 |
% |
|
7/25/2030 |
|
$ |
|
5,943 |
|
|
|
5,886 |
|
|
|
5,943 |
|
|
|
|
BTX Precision (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
9.06 |
% |
|
7/25/2030 |
|
$ |
|
6,216 |
|
|
|
6,170 |
|
|
|
6,216 |
|
|
|
|
BTX Precision (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
8.91 |
% |
|
7/25/2030 |
|
$ |
|
8,960 |
|
|
|
8,890 |
|
|
|
8,960 |
|
|
|
|
BTX Precision (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/25/2030 |
|
$ |
|
— |
|
|
|
(30 |
) |
|
|
— |
|
|
|
|
BTX Precision (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.91 |
% |
|
7/25/2030 |
|
$ |
|
7,626 |
|
|
|
7,570 |
|
|
|
7,626 |
|
|
|
|
BTX Precision (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,199 |
|
|
|
3,216 |
|
|
|
|
Forward Slope (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.60% |
|
|
9.77 |
% |
|
8/22/2029 |
|
$ |
|
84 |
|
|
|
84 |
|
|
|
84 |
|
|
|
|
Forward Slope (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.60% |
|
|
9.60 |
% |
|
8/22/2029 |
|
$ |
|
6,092 |
|
|
|
5,981 |
|
|
|
6,092 |
|
|
|
|
Forward Slope (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.60% |
|
|
9.60 |
% |
|
8/22/2029 |
|
$ |
|
13,282 |
|
|
|
13,041 |
|
|
|
13,282 |
|
|
|
|
Forward Slope (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.60% |
|
|
9.77 |
% |
|
8/22/2029 |
|
$ |
|
4,146 |
|
|
|
4,002 |
|
|
|
4,146 |
|
|
|
|
Forward Slope (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.60% |
|
|
9.60 |
% |
|
8/22/2029 |
|
$ |
|
5,575 |
|
|
|
5,515 |
|
|
|
5,575 |
|
|
|
|
Forward Slope (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
930 |
|
|
|
930 |
|
|
|
1,490 |
|
|
|
|
GSP Holdings, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.95% (2.95% PIK) |
|
|
10.20 |
% |
|
11/5/2027 |
|
$ |
|
1,130 |
|
|
|
1,101 |
|
|
|
1,051 |
|
|
|
|
GSP Holdings, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.95% (2.95% PIK) |
|
|
9.90 |
% |
|
11/6/2026 |
|
$ |
|
9,784 |
|
|
|
9,774 |
|
|
|
9,099 |
|
|
|
|
GSP Holdings, LLC (15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.90% |
|
|
10.20 |
% |
|
11/5/2027 |
|
$ |
|
4,551 |
|
|
|
4,550 |
|
|
|
4,232 |
|
|
|
|
Heads Up Technologies, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/23/2030 |
|
$ |
|
— |
|
|
|
(8 |
) |
|
|
(9 |
) |
|
|
|
Heads Up Technologies, Inc. (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.57 |
% |
|
7/23/2030 |
|
$ |
|
216 |
|
|
|
215 |
|
|
|
215 |
|
|
|
|
Heads Up Technologies, Inc. (16)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
8.25% |
|
|
12.58 |
% |
|
7/23/2031 |
|
$ |
|
9,720 |
|
|
|
9,671 |
|
|
|
9,671 |
|
|
|
|
Mach Acquisition R/C (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.15% |
|
|
11.14 |
% |
|
10/19/2026 |
|
$ |
|
7,532 |
|
|
|
7,490 |
|
|
|
7,532 |
|
|
|
|
Mach Acquisition T/L (15)(19)(26)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.15% (2.00% PIK) |
|
|
13.48 |
% |
|
10/19/2026 |
|
$ |
|
18,311 |
|
|
|
18,232 |
|
|
|
18,311 |
|
|
|
|
Precision Ultimate Holdings, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
620 |
|
|
|
781 |
|
|
|
1,073 |
|
|
|
|
Precision Ultimate Holdings, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,417 |
|
|
|
1,417 |
|
|
|
289 |
|
|
|
|
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% |
|
|
9.17 |
% |
|
7/22/2030 |
|
$ |
|
13,281 |
|
|
|
13,195 |
|
|
|
13,281 |
|
|
|
|
Saturn Purchaser Corp. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/22/2030 |
|
$ |
|
— |
|
|
|
(54 |
) |
|
|
— |
|
|
|
|
Solairus (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
7/22/2030 |
|
$ |
|
— |
|
|
|
(16 |
) |
|
|
— |
|
|
|
|
Whitcraft-Paradigm (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
2/15/2029 |
|
$ |
|
2,303 |
|
|
|
2,302 |
|
|
|
2,303 |
|
|
|
|
Whitcraft-Paradigm (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.00 |
% |
|
2/15/2029 |
|
$ |
|
2,668 |
|
|
|
2,643 |
|
|
|
2,668 |
|
|
|
|
Whitcraft-Paradigm (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
2/15/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Whitcraft-Paradigm (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.82 |
% |
|
2/15/2029 |
|
$ |
|
10,184 |
|
|
|
10,124 |
|
|
|
10,184 |
|
|
|
|
Whitcraft-Paradigm (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
2/28/2029 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
(12 |
) |
|
|
|
Aerospace & Defense Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
147,051 |
|
|
$ |
150,019 |
|
|
|
13.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Trailer Rental Group (19)(26) |
|
Subordinated Debt |
|
— |
|
5.50% (8.75% PIK) |
|
|
14.25 |
% |
|
12/1/2027 |
|
$ |
|
5,802 |
|
|
|
5,770 |
|
|
|
5,396 |
|
|
|
|
American Trailer Rental Group (19)(26) |
|
Subordinated Debt |
|
— |
|
5.50% (8.75% PIK) |
|
|
14.25 |
% |
|
12/1/2027 |
|
$ |
|
17,902 |
|
|
|
17,755 |
|
|
|
16,649 |
|
|
|
|
American Trailer Rental Group (19)(26) |
|
Subordinated Debt |
|
— |
|
5.50% (8.75% PIK) |
|
|
14.25 |
% |
|
12/1/2027 |
|
$ |
|
22,355 |
|
|
|
22,186 |
|
|
|
20,790 |
|
|
|
|
Cardo (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.54 |
% |
|
5/12/2028 |
|
$ |
|
98 |
|
|
|
97 |
|
|
|
98 |
|
|
|
|
Chilton (2)(3)(5)(18)(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% |
|
|
9.82 |
% |
|
2/5/2031 |
|
$ |
|
696 |
|
|
|
671 |
|
|
|
667 |
|
|
|
|
Chilton (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.82 |
% |
|
2/5/2031 |
|
$ |
|
6,468 |
|
|
|
6,425 |
|
|
|
6,419 |
|
|
|
|
Gills Point S (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.50% |
|
|
9.66 |
% |
|
5/17/2029 |
|
$ |
|
4,383 |
|
|
|
4,357 |
|
|
|
4,286 |
|
|
|
|
Gills Point S (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.64 |
% |
|
5/17/2029 |
|
$ |
|
3,670 |
|
|
|
3,648 |
|
|
|
3,597 |
|
|
|
|
Gills Point S (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.67 |
% |
|
5/17/2029 |
|
$ |
|
7,328 |
|
|
|
7,328 |
|
|
|
7,182 |
|
|
|
|
Gills Point S (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.66 |
% |
|
5/17/2029 |
|
$ |
|
12,409 |
|
|
|
12,409 |
|
|
|
12,161 |
|
|
|
|
Gills Point S (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.68 |
% |
|
5/17/2029 |
|
$ |
|
1,241 |
|
|
|
1,228 |
|
|
|
1,216 |
|
|
|
|
Gills Point S (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
215 |
|
|
|
181 |
|
|
|
|
Intoxalock (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.10% |
|
|
9.26 |
% |
|
11/1/2028 |
|
$ |
|
11,913 |
|
|
|
11,844 |
|
|
|
11,913 |
|
|
|
|
Intoxalock (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/1/2028 |
|
$ |
|
— |
|
|
|
(18 |
) |
|
|
— |
|
|
|
|
JHCC Holdings, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
9/9/2027 |
|
$ |
|
11,832 |
|
|
|
11,744 |
|
|
|
11,832 |
|
|
|
|
JHCC Holdings, LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
P |
|
4.25% |
|
|
11.50 |
% |
|
9/9/2027 |
|
$ |
|
1,133 |
|
|
|
1,105 |
|
|
|
1,133 |
|
|
|
|
Automotive Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
106,742 |
|
|
$ |
103,444 |
|
|
|
9.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beverage, Food & Tobacco |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AgroFresh Solutions (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.35% |
|
|
10.51 |
% |
|
3/31/2029 |
|
$ |
|
6,106 |
|
|
|
5,982 |
|
|
|
6,106 |
|
|
|
|
AgroFresh Solutions (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.35% |
|
|
10.51 |
% |
|
3/31/2029 |
|
$ |
|
6,879 |
|
|
|
6,780 |
|
|
|
6,879 |
|
|
|
|
AgroFresh Solutions (15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.35% |
|
|
10.51 |
% |
|
3/31/2028 |
|
$ |
|
5,015 |
|
|
|
4,954 |
|
|
|
5,015 |
|
|
|
|
Arctic Glacier U.S.A., Inc. (3)(19)(26)(31) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.76% (4.00% PIK) |
|
|
15.05 |
% |
|
5/24/2028 |
|
$ |
|
594 |
|
|
|
569 |
|
|
|
535 |
|
|
|
|
Arctic Glacier U.S.A., Inc. (19)(26)(31) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.76% (4.00% PIK) |
|
|
14.76 |
% |
|
5/24/2028 |
|
$ |
|
12,716 |
|
|
|
12,569 |
|
|
|
12,334 |
|
|
|
|
BCC Trillium Foods Investments 1, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3 |
|
|
|
2,531 |
|
|
|
2,884 |
|
|
|
|
BCSF Project Aberdeen, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,217 |
|
|
|
2,217 |
|
|
|
2,423 |
|
|
|
|
Hellers (6)(15)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
BKBM |
|
3.63% (1.88% PIK) |
|
|
8.35 |
% |
|
9/27/2030 |
|
NZ$ |
|
47 |
|
|
|
28 |
|
|
|
27 |
|
|
|
|
Hellers (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
BBSY |
|
3.63% (1.88% PIK) |
|
|
9.13 |
% |
|
9/27/2030 |
|
AUD |
|
51 |
|
|
|
35 |
|
|
|
33 |
|
|
|
|
Hellers (6)(19)(26) |
|
Subordinated Debt |
|
— |
|
15.00% PIK |
|
|
15.00 |
% |
|
3/27/2031 |
|
NZ$ |
|
510 |
|
|
|
314 |
|
|
|
292 |
|
|
|
|
Hellers (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/27/2030 |
|
NZ$ |
|
— |
|
|
|
(13 |
) |
|
|
(5 |
) |
|
|
|
PPX (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
33 |
|
|
|
— |
|
|
|
— |
|
|
|
|
PPX (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
33 |
|
|
|
5,000 |
|
|
|
4,000 |
|
|
|
|
SauceCo HoldCo, LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.75% |
|
|
9.75 |
% |
|
5/13/2030 |
|
$ |
|
2,518 |
|
|
|
2,479 |
|
|
|
2,392 |
|
|
|
|
SauceCo HoldCo, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
9.75 |
% |
|
5/13/2030 |
|
$ |
|
71,539 |
|
|
|
69,243 |
|
|
|
70,466 |
|
|
|
|
Spindrift (19)(26) |
|
Subordinated Debt |
|
— |
|
13.75% PIK |
|
|
13.75 |
% |
|
2/19/2033 |
|
$ |
|
1,521 |
|
|
|
1,481 |
|
|
|
1,506 |
|
|
|
|
Spindrift (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
500 |
|
|
|
526 |
|
|
|
|
Beverage, Food & Tobacco Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
114,669 |
|
|
$ |
115,413 |
|
|
|
10.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AeriTek Global CAD Acquisition Inc. (3)(6)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.50% |
|
|
10.70 |
% |
|
8/27/2030 |
|
$ |
|
17 |
|
|
|
16 |
|
|
|
16 |
|
|
|
|
AeriTek Global CAD Acquisition Inc. (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.70 |
% |
|
8/27/2030 |
|
$ |
|
475 |
|
|
|
468 |
|
|
|
468 |
|
|
|
|
AXH Air Coolers (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.81 |
% |
|
10/31/2029 |
|
$ |
|
4,889 |
|
|
|
4,861 |
|
|
|
4,889 |
|
|
|
|
AXH Air Coolers (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.50% |
|
|
9.66 |
% |
|
10/31/2029 |
|
$ |
|
2,752 |
|
|
|
2,715 |
|
|
|
2,752 |
|
|
|
|
AXH Air Coolers (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.63 |
% |
|
10/31/2029 |
|
$ |
|
7,400 |
|
|
|
7,346 |
|
|
|
7,400 |
|
|
|
|
AXH Air Coolers (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.63 |
% |
|
10/31/2029 |
|
$ |
|
3,308 |
|
|
|
3,286 |
|
|
|
3,308 |
|
|
|
|
AXH Air Coolers (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,417 |
|
|
|
1,104 |
|
|
|
8,552 |
|
|
|
|
East BCC Coinvest II, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,419 |
|
|
|
1,229 |
|
|
|
463 |
|
|
|
|
Engineered Products Co., LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/12/2031 |
|
$ |
|
— |
|
|
|
(7 |
) |
|
|
(7 |
) |
|
|
|
Engineered Products Co., LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.81 |
% |
|
8/12/2031 |
|
$ |
|
3,262 |
|
|
|
3,229 |
|
|
|
3,229 |
|
|
|
|
Ergotron Acquisition LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.26% |
|
|
9.42 |
% |
|
7/6/2028 |
|
$ |
|
10,903 |
|
|
|
10,783 |
|
|
|
10,903 |
|
|
|
|
FCG Acquisitions, Inc. (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
|
Goodfellow (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
5.25% |
|
|
7.25 |
% |
|
2/10/2032 |
|
€ |
|
50 |
|
|
|
51 |
|
|
|
59 |
|
|
|
|
Goodfellow (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
5.25% |
|
|
7.25 |
% |
|
2/10/2032 |
|
€ |
|
50 |
|
|
|
51 |
|
|
|
59 |
|
|
|
|
Goodfellow (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
2/10/2032 |
|
$ |
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
|
|
Goodfellow (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
5.25% |
|
|
9.22 |
% |
|
2/10/2032 |
|
£ |
|
50 |
|
|
|
64 |
|
|
|
67 |
|
|
|
|
PPT Group (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
5.50% |
|
|
9.48 |
% |
|
2/28/2031 |
|
£ |
|
221 |
|
|
|
287 |
|
|
|
297 |
|
|
|
|
PPT Group (3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
2/28/2031 |
|
£ |
|
— |
|
|
|
(15 |
) |
|
|
— |
|
|
|
|
PPT Group (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.50% |
|
|
9.53 |
% |
|
2/28/2031 |
|
£ |
|
6,146 |
|
|
|
7,675 |
|
|
|
8,272 |
|
|
|
|
PPT Group (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
376 |
|
|
|
376 |
|
|
|
382 |
|
|
|
|
TCFIII Owl Finance, LLC (19)(26) |
|
Subordinated Debt |
|
— |
|
12.00% PIK |
|
|
12.00 |
% |
|
1/30/2027 |
|
$ |
|
6,753 |
|
|
|
6,732 |
|
|
|
6,753 |
|
|
|
|
Capital Equipment Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
50,301 |
|
|
$ |
57,912 |
|
|
|
5.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals, Plastics & Rubber |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AP Plastics Group, LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
8/10/2030 |
|
$ |
|
— |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
|
AP Plastics Group, LLC (16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.85% |
|
|
8.98 |
% |
|
8/10/2030 |
|
$ |
|
176 |
|
|
|
176 |
|
|
|
176 |
|
|
|
|
AP Plastics Group, LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.85% |
|
|
8.98 |
% |
|
8/10/2030 |
|
$ |
|
11,424 |
|
|
|
11,242 |
|
|
|
11,425 |
|
|
|
|
AP Plastics Group, LLC (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.85% |
|
|
8.98 |
% |
|
8/10/2030 |
|
$ |
|
2,193 |
|
|
|
2,175 |
|
|
|
2,193 |
|
|
|
|
Duraco (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/6/2029 |
|
$ |
|
— |
|
|
|
(24 |
) |
|
|
(80 |
) |
|
|
|
Duraco (19)(29)(32) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.79 |
% |
|
6/6/2029 |
|
$ |
|
8,645 |
|
|
|
8,545 |
|
|
|
8,299 |
|
|
|
|
Plaskolite PPC Intermediate II LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.00% |
|
|
11.22 |
% |
|
2/7/2030 |
|
$ |
|
73 |
|
|
|
61 |
|
|
|
60 |
|
|
|
|
Plaskolite PPC Intermediate II LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.00% (4.00% PIK) |
|
|
12.22 |
% |
|
5/9/2030 |
|
$ |
|
7,163 |
|
|
|
7,027 |
|
|
|
7,020 |
|
|
|
|
V Global Holdings LLC (16)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.75% |
|
|
7.78 |
% |
|
12/22/2027 |
|
€ |
|
97 |
|
|
|
101 |
|
|
|
109 |
|
|
|
|
V Global Holdings LLC (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.90% |
|
|
10.14 |
% |
|
12/22/2027 |
|
$ |
|
15,604 |
|
|
|
15,230 |
|
|
|
14,980 |
|
|
|
|
V Global Holdings LLC (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.85% |
|
|
10.07 |
% |
|
12/22/2027 |
|
$ |
|
7,854 |
|
|
|
7,845 |
|
|
|
7,466 |
|
|
|
|
Chemicals, Plastics & Rubber Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
52,374 |
|
|
$ |
51,644 |
|
|
|
4.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Building |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGS American Glass Services Acquisition, LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
7/24/2031 |
|
$ |
|
— |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
|
AGS American Glass Services Acquisition, LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.50% |
|
|
9.64 |
% |
|
7/24/2031 |
|
$ |
|
52 |
|
|
|
50 |
|
|
|
50 |
|
|
|
|
AGS American Glass Services Acquisition, LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.66 |
% |
|
7/24/2031 |
|
$ |
|
160 |
|
|
|
159 |
|
|
|
159 |
|
|
|
|
AGS American Services Investments, L.P. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3 |
|
|
|
338 |
|
|
|
338 |
|
|
|
|
BCSF ServiceMaster Investments, LLC (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
28 |
|
|
|
49 |
|
|
|
|
Chase Industries, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.65% (1.50% PIK) |
|
|
11.45 |
% |
|
11/11/2027 |
|
$ |
|
27,507 |
|
|
|
27,030 |
|
|
|
26,819 |
|
|
|
|
Chase Industries, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.65% (1.50% PIK) |
|
|
11.45 |
% |
|
11/11/2027 |
|
$ |
|
2,683 |
|
|
|
2,638 |
|
|
|
2,616 |
|
|
|
|
Chase Industries, Inc. (3)(15)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.65% (1.50% PIK) |
|
|
11.45 |
% |
|
11/11/2027 |
|
$ |
|
839 |
|
|
|
809 |
|
|
|
796 |
|
|
|
|
Elk (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
7 |
|
|
|
765 |
|
|
|
|
Elk (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
72 |
|
|
|
722 |
|
|
|
1,152 |
|
|
|
|
G702 Buyer, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/2/2031 |
|
$ |
|
— |
|
|
|
(11 |
) |
|
|
(12 |
) |
|
|
|
G702 Buyer, Inc. (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.75 |
% |
|
7/2/2031 |
|
$ |
|
4,659 |
|
|
|
4,591 |
|
|
|
4,589 |
|
|
|
|
Service Master (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.01% (1.00% PIK) |
|
|
11.24 |
% |
|
12/31/2029 |
|
$ |
|
3,908 |
|
|
|
3,908 |
|
|
|
3,908 |
|
|
|
|
Service Master (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.01% (1.00% PIK) |
|
|
11.24 |
% |
|
12/31/2029 |
|
$ |
|
130 |
|
|
|
130 |
|
|
|
130 |
|
|
|
|
Service Master (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.00 |
% |
|
8/16/2027 |
|
$ |
|
1,573 |
|
|
|
1,564 |
|
|
|
1,573 |
|
|
|
|
Service Master (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Service Master (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
169 |
|
|
|
— |
|
|
|
|
Service Master (18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.01% (1.00% PIK) |
|
|
11.21 |
% |
|
8/16/2027 |
|
$ |
|
926 |
|
|
|
920 |
|
|
|
926 |
|
|
|
|
Service Master (18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.03 |
% |
|
8/16/2027 |
|
$ |
|
3,167 |
|
|
|
3,167 |
|
|
|
3,167 |
|
|
|
|
Service Master (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.03 |
% |
|
8/16/2027 |
|
$ |
|
7,629 |
|
|
|
7,581 |
|
|
|
7,629 |
|
|
|
|
Service Master (3)(18)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.76% (0.25% PIK) |
|
|
11.00 |
% |
|
8/16/2027 |
|
$ |
|
9,362 |
|
|
|
9,328 |
|
|
|
9,362 |
|
|
|
|
Zeus Fire & Security (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.22 |
% |
|
12/11/2030 |
|
$ |
|
5,933 |
|
|
|
5,933 |
|
|
|
5,867 |
|
|
|
|
Zeus Fire & Security (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/11/2030 |
|
$ |
|
— |
|
|
|
(17 |
) |
|
|
(20 |
) |
|
|
|
Zeus Fire & Security (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.32 |
% |
|
12/11/2030 |
|
$ |
|
13,353 |
|
|
|
13,263 |
|
|
|
13,253 |
|
|
|
|
Construction & Building Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
82,306 |
|
|
$ |
83,115 |
|
|
|
7.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Goods: Durable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Milani Group LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
6/26/2031 |
|
$ |
|
— |
|
|
|
(2 |
) |
|
|
(4 |
) |
|
|
|
New Milani Group LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/26/2031 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
(13 |
) |
|
|
|
New Milani Group LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.75 |
% |
|
6/26/2031 |
|
$ |
|
10,611 |
|
|
|
10,507 |
|
|
|
10,505 |
|
|
|
|
Stanton Carpet (15)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
9.15% |
|
|
13.44 |
% |
|
3/31/2028 |
|
$ |
|
11,434 |
|
|
|
11,311 |
|
|
|
11,435 |
|
|
|
|
Tangent Technologies Acquisition, LLC (15)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
9.00% |
|
|
13.01 |
% |
|
5/30/2028 |
|
$ |
|
8,915 |
|
|
|
8,824 |
|
|
|
8,915 |
|
|
|
|
TLC Holdco LP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,281 |
|
|
|
1,221 |
|
|
|
1,498 |
|
|
|
|
TLC Purchaser, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.76% |
|
|
9.76 |
% |
|
10/11/2027 |
|
$ |
|
1,958 |
|
|
|
1,945 |
|
|
|
1,958 |
|
|
|
|
TLC Purchaser, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.76% |
|
|
9.78 |
% |
|
10/11/2027 |
|
$ |
|
13,069 |
|
|
|
12,860 |
|
|
|
13,069 |
|
|
|
|
TLC Purchaser, Inc. (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.76% |
|
|
10.09 |
% |
|
10/11/2027 |
|
$ |
|
7,617 |
|
|
|
7,616 |
|
|
|
7,617 |
|
|
|
|
Consumer Goods: Durable Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
54,270 |
|
|
$ |
54,980 |
|
|
|
4.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Goods: Non-Durable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Evriholder (19)(29)(32) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.90% |
|
|
11.06 |
% |
|
1/24/2028 |
|
$ |
|
5,937 |
|
|
|
5,901 |
|
|
|
5,878 |
|
|
|
|
Fineline Technologies, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
939 |
|
|
|
939 |
|
|
|
1,288 |
|
|
|
|
Hempz (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/25/2029 |
|
$ |
|
— |
|
|
|
(13 |
) |
|
|
(9 |
) |
|
|
|
Hempz (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
10/25/2029 |
|
$ |
|
230 |
|
|
|
228 |
|
|
|
229 |
|
|
|
|
RoC Skincare (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
9.96 |
% |
|
2/21/2031 |
|
$ |
|
9,850 |
|
|
|
9,734 |
|
|
|
9,850 |
|
|
|
|
RoC Skincare (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
2/21/2030 |
|
$ |
|
— |
|
|
|
(22 |
) |
|
|
— |
|
|
|
|
Solaray, LLC (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.85% |
|
|
10.98 |
% |
|
12/15/2025 |
|
$ |
|
13,043 |
|
|
|
13,027 |
|
|
|
12,521 |
|
|
|
|
Solaray, LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.85% |
|
|
10.98 |
% |
|
12/15/2025 |
|
$ |
|
28,283 |
|
|
|
28,283 |
|
|
|
27,151 |
|
|
|
|
Solaray, LLC (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.60% |
|
|
9.73 |
% |
|
12/15/2025 |
|
$ |
|
12,052 |
|
|
|
12,050 |
|
|
|
12,052 |
|
|
|
|
Summer Fridays, LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
5/16/2031 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
(13 |
) |
|
|
|
Summer Fridays, LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
5/16/2031 |
|
$ |
|
484 |
|
|
|
477 |
|
|
|
477 |
|
|
|
|
WU Holdco, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
4/15/2032 |
|
$ |
|
— |
|
|
|
(13 |
) |
|
|
(27 |
) |
|
|
|
WU Holdco, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/15/2032 |
|
$ |
|
— |
|
|
|
(17 |
) |
|
|
(18 |
) |
|
|
|
Consumer Goods: Non-Durable Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
70,562 |
|
|
$ |
69,379 |
|
|
|
6.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Goods: Wholesale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WSP (7)(14)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
1.25% |
|
|
5.45 |
% |
|
4/27/2028 |
|
$ |
|
3,259 |
|
|
|
3,015 |
|
|
|
1,728 |
|
|
|
|
WSP (7)(14)(19)(26) |
|
First Lien Senior Secured Loan |
|
— |
|
8.00% PIK |
|
|
8.00 |
% |
|
4/27/2028 |
|
$ |
|
2,169 |
|
|
|
1,995 |
|
|
|
— |
|
|
|
|
WSP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
— |
|
|
|
|
WSP (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
216 |
|
|
|
— |
|
|
|
|
WSP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,898 |
|
|
|
2,898 |
|
|
|
— |
|
|
|
|
WSP (2)(3)(5)(7)(14)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/27/2028 |
|
$ |
|
— |
|
|
|
(6 |
) |
|
|
(117 |
) |
|
|
|
Consumer Goods: Wholesale Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,130 |
|
|
$ |
1,611 |
|
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Containers, Packaging & Glass |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASP-r-pac Acquisition Co LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.26% |
|
|
10.57 |
% |
|
12/29/2027 |
|
$ |
|
5,739 |
|
|
|
5,651 |
|
|
|
5,739 |
|
|
|
|
ASP-r-pac Acquisition Co LLC (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.11% |
|
|
10.28 |
% |
|
12/29/2027 |
|
$ |
|
2,576 |
|
|
|
2,544 |
|
|
|
2,576 |
|
|
|
|
Precision Concepts Canada Corporation (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.95 |
% |
|
8/2/2032 |
|
$ |
|
806 |
|
|
|
798 |
|
|
|
798 |
|
|
|
|
Precision Concepts Parent Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
8/2/2032 |
|
$ |
|
— |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
|
Precision Concepts Parent Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/2/2032 |
|
$ |
|
— |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
|
Precision Concepts Parent Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.95 |
% |
|
8/2/2032 |
|
$ |
|
1,847 |
|
|
|
1,828 |
|
|
|
1,828 |
|
|
|
|
Containers, Packaging & Glass Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,813 |
|
|
$ |
10,933 |
|
|
|
1.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy: Electricity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WCI Gigawatt Purchaser (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
9.81 |
% |
|
11/19/2027 |
|
$ |
|
2,660 |
|
|
|
2,621 |
|
|
|
2,660 |
|
|
|
|
WCI Gigawatt Purchaser (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.01% |
|
|
10.21 |
% |
|
11/19/2027 |
|
$ |
|
1,401 |
|
|
|
1,389 |
|
|
|
1,401 |
|
|
|
|
WCI Gigawatt Purchaser (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.86% |
|
|
10.02 |
% |
|
11/19/2027 |
|
$ |
|
3,780 |
|
|
|
3,754 |
|
|
|
3,780 |
|
|
|
|
Energy: Electricity Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,764 |
|
|
$ |
7,841 |
|
|
|
0.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Environmental Industries |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Meteor UK Bidco Limited (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/14/2031 |
|
£ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Meteor UK Bidco Limited (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
5.00% |
|
|
8.97 |
% |
|
5/14/2032 |
|
£ |
|
2,429 |
|
|
|
3,247 |
|
|
|
3,253 |
|
|
|
|
Meteor UK Bidco Limited (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.00% |
|
|
8.97 |
% |
|
5/14/2032 |
|
£ |
|
8,104 |
|
|
|
10,793 |
|
|
|
10,825 |
|
|
|
|
Reconomy (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
6.50% |
|
|
10.47 |
% |
|
7/12/2029 |
|
£ |
|
68 |
|
|
|
83 |
|
|
|
91 |
|
|
|
|
Reconomy (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% |
|
|
8.25 |
% |
|
7/12/2029 |
|
€ |
|
27 |
|
|
|
28 |
|
|
|
32 |
|
|
|
|
Reconomy (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.25% |
|
|
10.50 |
% |
|
7/12/2029 |
|
£ |
|
1,959 |
|
|
|
2,494 |
|
|
|
2,557 |
|
|
|
|
Titan Cloud Software, Inc (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,532 |
|
|
|
3,532 |
|
|
|
4,573 |
|
|
|
|
Titan Cloud Software, Inc (18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.00% (4.60% PIK) |
|
|
10.91 |
% |
|
9/7/2029 |
|
$ |
|
27,580 |
|
|
|
27,432 |
|
|
|
27,580 |
|
|
|
|
Titan Cloud Software, Inc (3)(18)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
2.00% (4.60% PIK) |
|
|
10.91 |
% |
|
9/7/2028 |
|
$ |
|
3,424 |
|
|
|
3,396 |
|
|
|
3,424 |
|
|
|
|
Titan Cloud Software, Inc (18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.85% |
|
|
9.87 |
% |
|
9/7/2029 |
|
$ |
|
12,264 |
|
|
|
12,204 |
|
|
|
12,264 |
|
|
|
|
Environmental Industries Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
63,209 |
|
|
$ |
64,599 |
|
|
|
5.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIRE: Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allworth Financial Group, L.P. (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
8.91 |
% |
|
12/23/2027 |
|
$ |
|
3,589 |
|
|
|
3,558 |
|
|
|
3,589 |
|
|
|
|
Allworth Financial Group, L.P. (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
8.91 |
% |
|
12/23/2027 |
|
$ |
|
850 |
|
|
|
843 |
|
|
|
850 |
|
|
|
|
Allworth Financial Group, L.P. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.91 |
% |
|
12/23/2027 |
|
$ |
|
1,463 |
|
|
|
1,455 |
|
|
|
1,463 |
|
|
|
|
Allworth Financial Group, L.P. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/23/2027 |
|
$ |
|
— |
|
|
|
(6 |
) |
|
|
— |
|
|
|
|
Avalon Bidco Limited (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
4/16/2032 |
|
£ |
|
— |
|
|
|
(31 |
) |
|
|
(35 |
) |
|
|
|
Avalon Bidco Limited (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
6.25% |
|
|
10.32 |
% |
|
4/16/2032 |
|
£ |
|
50 |
|
|
|
65 |
|
|
|
66 |
|
|
|
|
Choreo (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.16 |
% |
|
2/18/2028 |
|
$ |
|
128 |
|
|
|
128 |
|
|
|
128 |
|
|
|
|
Insigneo Financial Group LLC (19)(26) |
|
First Lien Senior Secured Loan |
|
— |
|
10.00% PIK |
|
|
10.00 |
% |
|
8/1/2027 |
|
$ |
|
1,913 |
|
|
|
1,926 |
|
|
|
1,913 |
|
|
|
|
Insigneo Financial Group LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.60% |
|
|
10.88 |
% |
|
8/1/2028 |
|
$ |
|
267 |
|
|
|
262 |
|
|
|
267 |
|
|
|
|
Insigneo Financial Group LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
534 |
|
|
|
535 |
|
|
|
3,184 |
|
|
|
|
Lagerbox (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
Euribor |
|
3.50% |
|
|
5.53 |
% |
|
12/20/2028 |
|
€ |
|
750 |
|
|
|
779 |
|
|
|
882 |
|
|
|
|
Parmenion (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.50% |
|
|
9.47 |
% |
|
5/23/2029 |
|
£ |
|
295 |
|
|
|
370 |
|
|
|
397 |
|
|
|
|
PMA (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
1/31/2031 |
|
$ |
|
— |
|
|
|
(16 |
) |
|
|
— |
|
|
|
|
PMA (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.75 |
% |
|
1/31/2031 |
|
$ |
|
58 |
|
|
|
57 |
|
|
|
58 |
|
|
|
|
Sikich (19)(25)(26) |
|
Preferred Equity |
|
— |
|
13.00% PIK |
|
|
13.00 |
% |
|
— |
|
|
|
35 |
|
|
|
3,526 |
|
|
|
3,526 |
|
|
|
|
Sikich (14)(19)(25) |
|
Warrants |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
151 |
|
|
|
|
Sikich (14)(19)(25) |
|
Warrants |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
5 |
|
|
|
— |
|
|
|
527 |
|
|
|
|
TA/Weg Holdings (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.50% |
|
|
8.79 |
% |
|
10/2/2028 |
|
$ |
|
2,307 |
|
|
|
2,304 |
|
|
|
2,304 |
|
|
|
|
TA/Weg Holdings (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.50% |
|
|
8.79 |
% |
|
10/2/2028 |
|
$ |
|
9,137 |
|
|
|
9,137 |
|
|
|
9,137 |
|
|
|
|
Wealth Enhancement Group (WEG) (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.50% |
|
|
8.49 |
% |
|
10/4/2028 |
|
$ |
|
2,280 |
|
|
|
2,251 |
|
|
|
2,280 |
|
|
|
|
Wealth Enhancement Group (WEG) (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/2/2028 |
|
$ |
|
— |
|
|
|
(10 |
) |
|
|
— |
|
|
|
|
FIRE: Finance Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
27,133 |
|
|
$ |
30,687 |
|
|
|
2.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIRE: Insurance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
McLarens Acquisition Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/19/2027 |
|
$ |
|
— |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
|
McLarens Acquisition Inc. (3)(6)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
8.85 |
% |
|
12/19/2027 |
|
£ |
|
44 |
|
|
|
45 |
|
|
|
59 |
|
|
|
|
McLarens Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.90% |
|
|
9.19 |
% |
|
12/19/2027 |
|
$ |
|
414 |
|
|
|
410 |
|
|
|
414 |
|
|
|
|
McLarens Acquisition Inc. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/19/2027 |
|
$ |
|
— |
|
|
|
(17 |
) |
|
|
— |
|
|
|
|
McLarens Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.90% |
|
|
8.89 |
% |
|
12/19/2027 |
|
$ |
|
263 |
|
|
|
261 |
|
|
|
263 |
|
|
|
|
McLarens Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.90% |
|
|
8.89 |
% |
|
12/19/2027 |
|
$ |
|
7 |
|
|
|
7 |
|
|
|
7 |
|
|
|
|
McLarens Acquisition Inc. (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/20/2027 |
|
£ |
|
— |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
|
McLarens Acquisition Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/19/2027 |
|
$ |
|
— |
|
|
|
(8 |
) |
|
|
(8 |
) |
|
|
|
McLarens Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.90% |
|
|
9.19 |
% |
|
12/19/2027 |
|
$ |
|
95 |
|
|
|
94 |
|
|
|
95 |
|
|
|
|
McLarens Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.90% |
|
|
8.89 |
% |
|
12/19/2027 |
|
$ |
|
905 |
|
|
|
896 |
|
|
|
905 |
|
|
|
|
McLarens Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.90% |
|
|
8.89 |
% |
|
12/19/2027 |
|
$ |
|
249 |
|
|
|
248 |
|
|
|
249 |
|
|
|
|
McLarens Acquisition Inc. (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.90% |
|
|
8.89 |
% |
|
12/19/2027 |
|
$ |
|
4,881 |
|
|
|
4,879 |
|
|
|
4,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MRHT (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
5.00% |
|
|
7.00 |
% |
|
5/17/2032 |
|
€ |
|
522 |
|
|
|
611 |
|
|
|
614 |
|
|
|
|
MRHT (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/10/2031 |
|
€ |
|
— |
|
|
|
(14 |
) |
|
|
(16 |
) |
|
|
|
Simplicity (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.00 |
% |
|
12/31/2031 |
|
$ |
|
2,576 |
|
|
|
2,537 |
|
|
|
2,576 |
|
|
|
|
Simplicity (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/31/2031 |
|
$ |
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
|
Simplicity (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.00 |
% |
|
12/31/2031 |
|
$ |
|
10,199 |
|
|
|
10,107 |
|
|
|
10,199 |
|
|
|
|
FIRE: Insurance Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
20,013 |
|
|
$ |
20,234 |
|
|
|
1.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare & Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accident Care Alliance Holdco LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
8/20/2030 |
|
$ |
|
— |
|
|
|
(3 |
) |
|
|
(3 |
) |
|
|
|
Accident Care Alliance Holdco LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/20/2030 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
(13 |
) |
|
|
|
Accident Care Alliance Holdco LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.00 |
% |
|
8/20/2030 |
|
$ |
|
13,262 |
|
|
|
13,196 |
|
|
|
13,197 |
|
|
|
|
AEG Vision (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
9.90 |
% |
|
3/27/2027 |
|
$ |
|
41,881 |
|
|
|
41,470 |
|
|
|
41,882 |
|
|
|
|
AEG Vision (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
10.20 |
% |
|
3/27/2027 |
|
$ |
|
16,227 |
|
|
|
16,156 |
|
|
|
16,227 |
|
|
|
|
AEG Vision (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
9.90 |
% |
|
3/27/2027 |
|
$ |
|
17,698 |
|
|
|
17,621 |
|
|
|
17,699 |
|
|
|
|
AEG Vision (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.90% |
|
|
9.90 |
% |
|
3/27/2027 |
|
$ |
|
2,043 |
|
|
|
2,034 |
|
|
|
2,043 |
|
|
|
|
AOM Infusion (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/19/2032 |
|
$ |
|
— |
|
|
|
(5 |
) |
|
|
(3 |
) |
|
|
|
AOM Infusion (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/19/2032 |
|
$ |
|
— |
|
|
|
(4 |
) |
|
|
(2 |
) |
|
|
|
Apollo Intelligence (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
9.98 |
% |
|
5/31/2028 |
|
$ |
|
14,962 |
|
|
|
15,279 |
|
|
|
14,739 |
|
|
|
|
Apollo Intelligence (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.75% |
|
|
9.98 |
% |
|
5/31/2028 |
|
$ |
|
9,790 |
|
|
|
9,758 |
|
|
|
9,639 |
|
|
|
|
Apollo Intelligence (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
34 |
|
|
|
3,378 |
|
|
|
2,377 |
|
|
|
|
Beacon Specialized Living (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/25/2028 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Beacon Specialized Living (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
3/25/2028 |
|
$ |
|
2,431 |
|
|
|
2,330 |
|
|
|
2,431 |
|
|
|
|
Beacon Specialized Living (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
3/25/2028 |
|
$ |
|
4,938 |
|
|
|
4,896 |
|
|
|
4,938 |
|
|
|
|
Caregiver (19)(26) |
|
Subordinated Debt |
|
— |
|
16.50% PIK |
|
|
16.50 |
% |
|
1/1/2030 |
|
$ |
|
9,448 |
|
|
|
9,350 |
|
|
|
9,330 |
|
|
|
|
CB Titan Holdings, Inc. (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,953 |
|
|
|
1,953 |
|
|
|
— |
|
|
|
|
CRH Healthcare Purchaser, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/17/2031 |
|
$ |
|
— |
|
|
|
(5 |
) |
|
|
(5 |
) |
|
|
|
CRH Healthcare Purchaser, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
9/17/2031 |
|
$ |
|
— |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
|
CRH Healthcare Purchaser, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.27 |
% |
|
9/17/2031 |
|
$ |
|
10,043 |
|
|
|
9,993 |
|
|
|
9,993 |
|
|
|
|
EHE Health (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/7/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
EHE Health (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
8/7/2030 |
|
$ |
|
10,787 |
|
|
|
10,696 |
|
|
|
10,787 |
|
|
|
|
EHE Health (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,178 |
|
|
|
2,178 |
|
|
|
2,320 |
|
|
|
|
Great Expressions Dental Center PC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
1.15% (3.00% PIK) |
|
|
8.15 |
% |
|
9/30/2026 |
|
$ |
|
9,944 |
|
|
|
9,963 |
|
|
|
9,148 |
|
|
|
|
HealthDrive (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/20/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
HealthDrive (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
18 |
|
|
|
1,822 |
|
|
|
1,891 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Masco (6)(18)(19)(26) |
|
Subordinated Debt |
|
EURIBOR |
|
10.00% PIK |
|
|
13.25 |
% |
|
10/4/2032 |
|
€ |
|
5,328 |
|
|
|
5,722 |
|
|
|
6,202 |
|
|
|
|
Mertus 522. GmbH (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% (0.75% PIK) |
|
|
9.04 |
% |
|
5/28/2028 |
|
€ |
|
228 |
|
|
|
255 |
|
|
|
257 |
|
|
|
|
Mertus 522. GmbH (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% (0.75% PIK) |
|
|
9.12 |
% |
|
5/28/2028 |
|
€ |
|
135 |
|
|
|
148 |
|
|
|
152 |
|
|
|
|
Nafinco (3)(6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
5.25% |
|
|
7.29 |
% |
|
8/29/2031 |
|
€ |
|
1,465 |
|
|
|
1,512 |
|
|
|
1,710 |
|
|
|
|
Nafinco (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.25% |
|
|
7.29 |
% |
|
8/29/2031 |
|
€ |
|
52 |
|
|
|
56 |
|
|
|
61 |
|
|
|
|
Nafinco (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
EURIBOR |
|
5.25% |
|
|
7.29 |
% |
|
5/30/2031 |
|
€ |
|
107 |
|
|
|
109 |
|
|
|
123 |
|
|
|
|
Odyssey Behavioral Health (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/21/2030 |
|
$ |
|
— |
|
|
|
(78 |
) |
|
|
— |
|
|
|
|
Odyssey Behavioral Health (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.46 |
% |
|
5/21/2031 |
|
$ |
|
1,611 |
|
|
|
1,594 |
|
|
|
1,611 |
|
|
|
|
Odyssey Behavioral Health (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
22 |
|
|
|
2,234 |
|
|
|
2,377 |
|
|
|
|
Pharmacy Partners (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
2/28/2029 |
|
$ |
|
— |
|
|
|
(47 |
) |
|
|
— |
|
|
|
|
Premier Imaging, LLC (15)(19)(26)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.22% (2.04% PIK) |
|
|
10.26 |
% |
|
3/31/2026 |
|
$ |
|
8,167 |
|
|
|
8,151 |
|
|
|
7,350 |
|
|
|
|
Premier Imaging, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.22% (2.04% PIK) |
|
|
10.26 |
% |
|
3/31/2026 |
|
$ |
|
2,196 |
|
|
|
2,191 |
|
|
|
1,977 |
|
|
|
|
Psychiatric Medical Care LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/1/2032 |
|
$ |
|
— |
|
|
|
(24 |
) |
|
|
(25 |
) |
|
|
|
Psychiatric Medical Care LLC (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.74 |
% |
|
7/1/2032 |
|
$ |
|
177 |
|
|
|
175 |
|
|
|
175 |
|
|
|
|
Red Nucleus (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.25% |
|
|
8.97 |
% |
|
10/17/2031 |
|
$ |
|
406 |
|
|
|
384 |
|
|
|
406 |
|
|
|
|
Red Nucleus (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.75% |
|
|
8.81 |
% |
|
10/17/2031 |
|
$ |
|
447 |
|
|
|
418 |
|
|
|
447 |
|
|
|
|
RedMed Operations (Collage Rehabilitation) (3)(5)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
2/28/2031 |
|
$ |
|
— |
|
|
|
(6 |
) |
|
|
— |
|
|
|
|
RedMed Operations (Collage Rehabilitation) (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.00% |
|
|
9.16 |
% |
|
2/28/2031 |
|
$ |
|
945 |
|
|
|
936 |
|
|
|
945 |
|
|
|
|
RedMed Operations (Collage Rehabilitation) (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.16 |
% |
|
2/28/2031 |
|
$ |
|
361 |
|
|
|
359 |
|
|
|
361 |
|
|
|
|
SunMed Group Holdings, LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.60% |
|
|
9.91 |
% |
|
6/16/2028 |
|
$ |
|
8,452 |
|
|
|
8,382 |
|
|
|
8,452 |
|
|
|
|
Sunmed Group Holdings, LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/16/2027 |
|
$ |
|
— |
|
|
|
(2 |
) |
|
|
— |
|
|
|
|
USME Holdco LLC (19)(26) |
|
Subordinated Debt |
|
— |
|
17.00% PIK |
|
|
17.00 |
% |
|
5/26/2031 |
|
$ |
|
5,217 |
|
|
|
5,175 |
|
|
|
5,165 |
|
|
|
|
Healthcare & Pharmaceuticals Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
209,684 |
|
|
$ |
206,357 |
|
|
|
18.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
High Tech Industries |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Access (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.25% |
|
|
9.22 |
% |
|
6/28/2029 |
|
£ |
|
80 |
|
|
|
99 |
|
|
|
108 |
|
|
|
|
Applitools (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
20 |
|
|
|
11 |
|
|
|
10 |
|
|
|
|
Applitools (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
8,297 |
|
|
|
4,762 |
|
|
|
3,935 |
|
|
|
|
Applitools (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
5/25/2028 |
|
$ |
|
— |
|
|
|
(15 |
) |
|
|
(69 |
) |
|
|
|
Applitools (6)(16)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.25% PIK |
|
|
10.25 |
% |
|
5/25/2029 |
|
$ |
|
29,557 |
|
|
|
29,279 |
|
|
|
28,966 |
|
|
|
|
Appriss (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/10/2031 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
— |
|
|
|
|
Appriss (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.00% |
|
|
9.12 |
% |
|
3/10/2031 |
|
$ |
|
238 |
|
|
|
213 |
|
|
|
238 |
|
|
|
|
Appriss (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.07 |
% |
|
3/10/2031 |
|
$ |
|
11,086 |
|
|
|
11,005 |
|
|
|
11,087 |
|
|
|
|
Appriss Holdings, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.85% |
|
|
9.02 |
% |
|
5/6/2027 |
|
$ |
|
5,503 |
|
|
|
5,468 |
|
|
|
5,503 |
|
|
|
|
Appriss Holdings, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
5/6/2028 |
|
$ |
|
— |
|
|
|
(6 |
) |
|
|
(6 |
) |
|
|
|
Appriss Holdings, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,136 |
|
|
|
1,606 |
|
|
|
2,054 |
|
|
|
|
AQ Software Corporation (19)(25)(26) |
|
Preferred Equity |
|
SOFR |
|
10.00% PIK |
|
|
14.26 |
% |
|
— |
|
|
|
2 |
|
|
|
1,797 |
|
|
|
1,538 |
|
|
|
|
AQ Software Corporation (19)(25)(26) |
|
Preferred Equity |
|
SOFR |
|
10.00% PIK |
|
|
14.26 |
% |
|
— |
|
|
|
3 |
|
|
|
2,995 |
|
|
|
2,562 |
|
|
|
|
AQ Software Corporation (19)(25)(26) |
|
Preferred Equity |
|
SOFR |
|
10.00% PIK |
|
|
14.26 |
% |
|
— |
|
|
|
1 |
|
|
|
791 |
|
|
|
677 |
|
|
|
|
AQ Software Corporation (19)(25)(26) |
|
Preferred Equity |
|
SOFR |
|
10.00% PIK |
|
|
14.26 |
% |
|
— |
|
|
|
2 |
|
|
|
2,072 |
|
|
|
1,788 |
|
|
|
|
Chartbeat (19)(26) |
|
Subordinated Debt |
|
— |
|
16.00% PIK |
|
|
16.00 |
% |
|
10/4/2030 |
|
$ |
|
6,551 |
|
|
|
6,464 |
|
|
|
6,551 |
|
|
|
|
Chartbeat (19)(26) |
|
Subordinated Debt |
|
— |
|
16.00% PIK |
|
|
16.00 |
% |
|
10/4/2030 |
|
$ |
|
5,842 |
|
|
|
5,755 |
|
|
|
5,842 |
|
|
|
|
Chartbeat (14)(19)(25) |
|
Warrants |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cloud Technology Solutions (CTS) (6)(15)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
2.45% (4.55% PIK) |
|
|
11.14 |
% |
|
10/17/2031 |
|
£ |
|
2,086 |
|
|
|
2,658 |
|
|
|
2,808 |
|
|
|
|
Cloud Technology Solutions (CTS) (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
4,835 |
|
|
|
5,937 |
|
|
|
7,104 |
|
|
|
|
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 |
|
8.00% |
|
|
12.00 |
% |
|
4/25/2027 |
|
$ |
|
7,439 |
|
|
|
7,410 |
|
|
|
7,439 |
|
|
|
|
Eleven Software (18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
8.10% |
|
|
12.26 |
% |
|
9/25/2026 |
|
$ |
|
1,488 |
|
|
|
1,485 |
|
|
|
1,488 |
|
|
|
|
Eleven Software (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
109 |
|
|
|
109 |
|
|
|
134 |
|
|
|
|
Eleven Software (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
896 |
|
|
|
896 |
|
|
|
1,314 |
|
|
|
|
Govineer Solutions (fka Black Mountain) (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
10/7/2030 |
|
$ |
|
— |
|
|
|
(30 |
) |
|
|
— |
|
|
|
|
Govineer Solutions (fka Black Mountain) (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/7/2030 |
|
$ |
|
— |
|
|
|
(20 |
) |
|
|
— |
|
|
|
|
Govineer Solutions (fka Black Mountain) (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.00 |
% |
|
10/7/2030 |
|
$ |
|
4,400 |
|
|
|
4,372 |
|
|
|
4,400 |
|
|
|
|
HG Insights, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
505 |
|
|
|
777 |
|
|
|
777 |
|
|
|
|
HG Insights, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.50% |
|
|
11.64 |
% |
|
6/16/2031 |
|
$ |
|
10,712 |
|
|
|
10,503 |
|
|
|
10,498 |
|
|
|
|
LogRhythm (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/2/2029 |
|
$ |
|
— |
|
|
|
(9 |
) |
|
|
(25 |
) |
|
|
|
LogRhythm, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.50% |
|
|
11.66 |
% |
|
7/2/2029 |
|
$ |
|
3,978 |
|
|
|
3,863 |
|
|
|
3,858 |
|
|
|
|
NearMap (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/9/2028 |
|
$ |
|
— |
|
|
|
(14 |
) |
|
|
— |
|
|
|
|
NearMap (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.33 |
% |
|
12/9/2029 |
|
$ |
|
23,863 |
|
|
|
23,805 |
|
|
|
23,863 |
|
|
|
|
NearMap (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/9/2028 |
|
$ |
|
— |
|
|
|
(53 |
) |
|
|
— |
|
|
|
|
New Gen Holding (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
3.25% (3.00% PIK) |
|
|
8.37 |
% |
|
5/28/2031 |
|
€ |
|
18,072 |
|
|
|
20,265 |
|
|
|
21,248 |
|
|
|
|
PayRange (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
4,527 |
|
|
|
4,527 |
|
|
|
8,057 |
|
|
|
|
PayRange (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/31/2030 |
|
$ |
|
— |
|
|
|
(35 |
) |
|
|
— |
|
|
|
|
PlentyMarkets (6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
EURIBOR |
|
6.50% |
|
|
8.53 |
% |
|
9/13/2031 |
|
€ |
|
1,511 |
|
|
|
1,758 |
|
|
|
1,763 |
|
|
|
|
PlentyMarkets (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
3.25% (3.70% PIK) |
|
|
8.89 |
% |
|
4/2/2032 |
|
€ |
|
50 |
|
|
|
54 |
|
|
|
59 |
|
|
|
|
RetailNext (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.00% |
|
|
11.00 |
% |
|
12/5/2030 |
|
$ |
|
621 |
|
|
|
594 |
|
|
|
590 |
|
|
|
|
RetailNext (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.00% |
|
|
11.15 |
% |
|
12/5/2030 |
|
$ |
|
17,007 |
|
|
|
16,854 |
|
|
|
16,837 |
|
|
|
|
Revalize, Inc. (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.89% |
|
|
8.89 |
% |
|
4/15/2027 |
|
$ |
|
5,238 |
|
|
|
5,221 |
|
|
|
4,819 |
|
|
|
|
Revalize, Inc. (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.90% |
|
|
8.90 |
% |
|
4/15/2027 |
|
$ |
|
1,965 |
|
|
|
1,959 |
|
|
|
1,808 |
|
|
|
|
Revalize, Inc. (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.90% |
|
|
9.90 |
% |
|
4/15/2027 |
|
$ |
|
872 |
|
|
|
868 |
|
|
|
764 |
|
|
|
|
SAM (19)(26) |
|
First Lien Senior Secured Loan |
|
— |
|
14.25% PIK |
|
|
14.25 |
% |
|
5/9/2028 |
|
$ |
|
41,192 |
|
|
|
41,043 |
|
|
|
41,192 |
|
|
|
|
SensorTower (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
156 |
|
|
|
2,400 |
|
|
|
12,884 |
|
|
|
|
SensorTower (19)(29)(31) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.50% |
|
|
11.52 |
% |
|
3/15/2029 |
|
$ |
|
7,765 |
|
|
|
7,677 |
|
|
|
7,765 |
|
|
|
|
SensorTower (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/15/2029 |
|
$ |
|
— |
|
|
|
(11 |
) |
|
|
— |
|
|
|
|
Superna Inc. (3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/6/2028 |
|
$ |
|
— |
|
|
|
(11 |
) |
|
|
— |
|
|
|
|
Superna Inc. (3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/6/2028 |
|
$ |
|
— |
|
|
|
(11 |
) |
|
|
— |
|
|
|
|
Superna Inc. (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,463 |
|
|
|
1,463 |
|
|
|
2,203 |
|
|
|
|
Superna Inc. (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.57 |
% |
|
3/6/2028 |
|
$ |
|
31,332 |
|
|
|
31,307 |
|
|
|
31,332 |
|
|
|
|
Utimaco (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,223 |
|
|
|
2,862 |
|
|
|
|
Utimaco (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,223 |
|
|
|
2,862 |
|
|
|
|
Utimaco (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.75% |
|
|
7.79 |
% |
|
5/14/2029 |
|
€ |
|
67 |
|
|
|
72 |
|
|
|
79 |
|
|
|
|
Utimaco (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
10.01 |
% |
|
5/14/2029 |
|
$ |
|
94 |
|
|
|
93 |
|
|
|
94 |
|
|
|
|
Utimaco (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
9.88 |
% |
|
5/14/2029 |
|
$ |
|
192 |
|
|
|
191 |
|
|
|
192 |
|
|
|
|
Ventiv Holdco, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
529 |
|
|
|
2,833 |
|
|
|
909 |
|
|
|
|
High Tech Industries Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
279,959 |
|
|
$ |
299,423 |
|
|
|
26.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel, Gaming & Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Awayday (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
5/6/2032 |
|
$ |
|
— |
|
|
|
(5 |
) |
|
|
(9 |
) |
|
|
|
Awayday (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
5/6/2032 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
(11 |
) |
|
|
|
Awayday (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
5/6/2032 |
|
$ |
|
836 |
|
|
|
829 |
|
|
|
828 |
|
|
|
|
City BBQ (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
5 |
|
|
|
1,271 |
|
|
|
1,413 |
|
|
|
|
City BBQ (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
9/4/2030 |
|
$ |
|
— |
|
|
|
(34 |
) |
|
|
(24 |
) |
|
|
|
City BBQ (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.35% |
|
|
9.53 |
% |
|
9/4/2030 |
|
$ |
|
9,278 |
|
|
|
9,211 |
|
|
|
9,232 |
|
|
|
|
City BBQ (2)(3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/4/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
(66 |
) |
|
|
|
Concert Golf Partners Holdco LLC (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.50% |
|
|
8.50 |
% |
|
4/1/2031 |
|
$ |
|
4,493 |
|
|
|
4,448 |
|
|
|
4,493 |
|
|
|
|
Concert Golf Partners Holdco LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.50% |
|
|
8.50 |
% |
|
3/31/2031 |
|
$ |
|
6,641 |
|
|
|
6,560 |
|
|
|
6,641 |
|
|
|
|
Concert Golf Partners Holdco LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/1/2030 |
|
$ |
|
— |
|
|
|
(21 |
) |
|
|
— |
|
|
|
|
Le Berger SA (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
3.75% |
|
|
5.75 |
% |
|
2/21/2028 |
|
€ |
|
500 |
|
|
|
522 |
|
|
|
588 |
|
|
|
|
Pollo Tropical (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/23/2029 |
|
$ |
|
— |
|
|
|
(10 |
) |
|
|
— |
|
|
|
|
Pollo Tropical (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.56 |
% |
|
10/23/2029 |
|
$ |
|
2,869 |
|
|
|
2,838 |
|
|
|
2,869 |
|
|
|
|
Pyramid Global Hospitality (19)(24)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.57 |
% |
|
1/19/2028 |
|
$ |
|
9,750 |
|
|
|
9,601 |
|
|
|
9,750 |
|
|
|
|
Pyramid Global Hospitality (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
1/19/2028 |
|
$ |
|
— |
|
|
|
(34 |
) |
|
|
— |
|
|
|
|
Hotel, Gaming & Leisure Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
35,164 |
|
|
$ |
35,704 |
|
|
|
3.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Advertising, Printing & Publishing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Facts Global Energy (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.25% |
|
|
9.26 |
% |
|
12/20/2031 |
|
$ |
|
50 |
|
|
|
50 |
|
|
|
49 |
|
|
|
|
Facts Global Energy (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/20/2031 |
|
$ |
|
— |
|
|
|
(28 |
) |
|
|
(95 |
) |
|
|
|
Facts Global Energy (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/20/2031 |
|
$ |
|
— |
|
|
|
(14 |
) |
|
|
(24 |
) |
|
|
|
Facts Global Energy (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.25% |
|
|
9.26 |
% |
|
12/20/2031 |
|
$ |
|
50 |
|
|
|
50 |
|
|
|
49 |
|
|
|
|
OGH Bidco Limited (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
6.50% |
|
|
10.47 |
% |
|
6/29/2029 |
|
£ |
|
2,217 |
|
|
|
2,624 |
|
|
|
2,548 |
|
|
|
|
OGH Bidco Limited (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
6.50% |
|
|
10.47 |
% |
|
6/29/2029 |
|
£ |
|
139 |
|
|
|
165 |
|
|
|
177 |
|
|
|
|
TGI Sport Bidco Pty Ltd (6)(17)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
6.03% |
|
|
10.00 |
% |
|
6/24/2029 |
|
£ |
|
69 |
|
|
|
88 |
|
|
|
93 |
|
|
|
|
TGI Sport Bidco Pty Ltd (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
BBSY |
|
7.00% |
|
|
10.59 |
% |
|
4/30/2026 |
|
AUD |
|
98 |
|
|
|
76 |
|
|
|
65 |
|
|
|
|
TGI Sport Bidco Pty Ltd (6)(17)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
7.11% |
|
|
11.47 |
% |
|
4/30/2026 |
|
AUD |
|
106 |
|
|
|
73 |
|
|
|
73 |
|
|
|
|
Media: Advertising, Printing & Publishing Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,084 |
|
|
$ |
2,935 |
|
|
|
0.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Controlled/Non-Affiliate Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Broadcasting & Subscription |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lightning Finco Limited (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.93% |
|
|
10.13 |
% |
|
8/31/2028 |
|
$ |
|
1,443 |
|
|
|
1,440 |
|
|
|
1,443 |
|
|
|
|
Lightning Finco Limited (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.50% |
|
|
7.54 |
% |
|
8/31/2028 |
|
€ |
|
1,300 |
|
|
|
1,434 |
|
|
|
1,529 |
|
|
|
|
Media: Broadcasting & Subscription Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,874 |
|
|
$ |
2,972 |
|
|
|
0.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
11.22 |
% |
|
3/3/2028 |
|
$ |
|
5,309 |
|
|
|
5,146 |
|
|
|
2,124 |
|
|
|
|
Efficient Collaborative Retail Marketing Company, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.01% (2.50% PIK) |
|
|
13.51 |
% |
|
12/31/2025 |
|
$ |
|
11,411 |
|
|
|
9,579 |
|
|
|
9,928 |
|
|
|
|
Efficient Collaborative Retail Marketing Company, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.01% (2.50% PIK) |
|
|
13.51 |
% |
|
9/30/2026 |
|
$ |
|
17,497 |
|
|
|
14,523 |
|
|
|
15,222 |
|
|
|
|
Efficient Collaborative Retail Marketing Company, LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.61% |
|
|
10.93 |
% |
|
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 |
|
|
11.22 |
% |
|
3/3/2028 |
|
$ |
|
4,343 |
|
|
|
4,106 |
|
|
|
1,737 |
|
|
|
|
Media: Diversified & Production Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
34,598 |
|
|
$ |
30,263 |
|
|
|
2.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Elevation NewCo Intermediate, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
112 |
|
|
|
— |
|
|
|
— |
|
|
|
|
Elevation NewCo, LLC (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
8/1/2031 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Elevation NewCo, LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/1/2031 |
|
$ |
|
— |
|
|
|
(5 |
) |
|
|
(5 |
) |
|
|
|
Elevation NewCo, LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
10.05 |
% |
|
8/1/2031 |
|
$ |
|
2,396 |
|
|
|
2,372 |
|
|
|
2,372 |
|
|
|
|
Metals & Mining Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,367 |
|
|
$ |
2,367 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Galeria (6)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
15.00% PIK |
|
|
15.00 |
% |
|
4/9/2029 |
|
€ |
|
9,956 |
|
|
|
10,743 |
|
|
|
11,681 |
|
|
|
|
Galeria (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
101 |
|
|
|
22 |
|
|
|
24 |
|
|
|
|
New Look Vision Group (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
CORRA |
|
5.50% |
|
|
7.96 |
% |
|
5/26/2028 |
|
CAD |
|
28 |
|
|
|
26 |
|
|
|
20 |
|
|
|
|
New Look Vision Group (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
CORRA |
|
5.50% |
|
|
7.96 |
% |
|
5/26/2028 |
|
CAD |
|
649 |
|
|
|
459 |
|
|
|
466 |
|
|
|
|
New Look Vision Group (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
CORRA |
|
5.50% |
|
|
7.96 |
% |
|
5/26/2028 |
|
CAD |
|
54 |
|
|
|
43 |
|
|
|
39 |
|
|
|
|
New Look Vision Group (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
5/26/2028 |
|
$ |
|
390 |
|
|
|
390 |
|
|
|
390 |
|
|
|
|
Thrasio, LLC (7)(14)(15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
10.26% PIK |
|
|
14.58 |
% |
|
6/18/2029 |
|
$ |
|
5,100 |
|
|
|
4,741 |
|
|
|
1,122 |
|
|
|
|
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 |
|
|
14.58 |
% |
|
6/18/2029 |
|
$ |
|
1,662 |
|
|
|
1,546 |
|
|
|
1,662 |
|
|
|
|
Retail Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,744 |
|
|
$ |
15,404 |
|
|
|
1.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services: Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACAMS (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,337 |
|
|
|
3,337 |
|
|
|
3,240 |
|
|
|
|
Advanced Aircrew (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/26/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Advanced Aircrew (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.66 |
% |
|
7/26/2030 |
|
$ |
|
5,056 |
|
|
|
5,013 |
|
|
|
5,056 |
|
|
|
|
Advanced Aircrew (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
592 |
|
|
|
592 |
|
|
|
642 |
|
|
|
|
Allbridge (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
6/5/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Allbridge (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/5/2030 |
|
$ |
|
— |
|
|
|
(22 |
) |
|
|
— |
|
|
|
|
Allbridge (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
6/5/2030 |
|
$ |
|
8,977 |
|
|
|
8,922 |
|
|
|
8,977 |
|
|
|
|
AMI (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/17/2031 |
|
$ |
|
— |
|
|
|
(34 |
) |
|
|
— |
|
|
|
|
AMI (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
8.90 |
% |
|
10/17/2031 |
|
$ |
|
9,227 |
|
|
|
9,167 |
|
|
|
9,227 |
|
|
|
|
Avalon Acquiror, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.00% |
|
|
10.00 |
% |
|
3/10/2028 |
|
$ |
|
14,170 |
|
|
|
14,100 |
|
|
|
14,170 |
|
|
|
|
Avalon Acquiror, Inc. (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.00% |
|
|
10.19 |
% |
|
3/10/2028 |
|
$ |
|
5,882 |
|
|
|
5,805 |
|
|
|
5,882 |
|
|
|
|
Beneficium (2)(3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
6/28/2031 |
|
£ |
|
— |
|
|
|
— |
|
|
|
(145 |
) |
|
|
|
Beneficium (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.75% |
|
|
9.72 |
% |
|
6/28/2031 |
|
£ |
|
7,497 |
|
|
|
9,397 |
|
|
|
9,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brook Bidco (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
1.87% (5.66% PIK) |
|
|
11.49 |
% |
|
7/10/2028 |
|
£ |
|
920 |
|
|
|
1,239 |
|
|
|
1,115 |
|
|
|
Brook Bidco (6)(16)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
1.91% (5.93% PIK) |
|
|
12.21 |
% |
|
7/10/2028 |
|
£ |
|
368 |
|
|
|
488 |
|
|
|
438 |
|
|
|
Brook Bidco (6)(16)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
1.91% (5.93% PIK) |
|
|
12.21 |
% |
|
7/10/2028 |
|
£ |
|
132 |
|
|
|
180 |
|
|
|
157 |
|
|
|
Brook Bidco (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
11,656 |
|
|
|
9,941 |
|
|
|
5,594 |
|
|
|
Cube (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
10.00% PIK |
|
|
14.10 |
% |
|
5/22/2032 |
|
£ |
|
2,040 |
|
|
|
2,798 |
|
|
|
2,746 |
|
|
|
Cube (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
7.19% |
|
|
11.49 |
% |
|
5/20/2031 |
|
$ |
|
121 |
|
|
|
102 |
|
|
|
101 |
|
|
|
Cube (18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
3.00% (4.44% PIK) |
|
|
11.45 |
% |
|
5/20/2031 |
|
$ |
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
|
Darcy Partners (18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.75% |
|
|
12.03 |
% |
|
6/1/2028 |
|
$ |
|
1,484 |
|
|
|
1,476 |
|
|
|
1,484 |
|
|
|
Darcy Partners (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.65% |
|
|
11.88 |
% |
|
6/1/2028 |
|
$ |
|
140 |
|
|
|
140 |
|
|
|
140 |
|
|
|
Darcy Partners (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
359 |
|
|
|
360 |
|
|
|
492 |
|
|
|
Datix Bidco Limited (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/30/2030 |
|
£ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
Datix Bidco Limited (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
4/30/2031 |
|
$ |
|
— |
|
|
|
(23 |
) |
|
|
— |
|
|
|
Datix Bidco Limited (3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/30/2030 |
|
$ |
|
— |
|
|
|
(31 |
) |
|
|
— |
|
|
|
Datix Bidco Limited (17)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.29 |
% |
|
4/30/2031 |
|
$ |
|
16,626 |
|
|
|
16,352 |
|
|
|
16,626 |
|
|
|
Discovery Senior Living (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.66 |
% |
|
3/18/2030 |
|
$ |
|
6,460 |
|
|
|
6,407 |
|
|
|
6,460 |
|
|
|
Discovery Senior Living (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/18/2030 |
|
$ |
|
— |
|
|
|
(21 |
) |
|
|
— |
|
|
|
DTIQ (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,985 |
|
|
|
681 |
|
|
|
1,640 |
|
|
|
DTIQ (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/30/2029 |
|
$ |
|
— |
|
|
|
(32 |
) |
|
|
(81 |
) |
|
|
DTIQ (3)(13)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.50% |
|
|
11.67 |
% |
|
9/30/2029 |
|
$ |
|
269 |
|
|
|
269 |
|
|
|
208 |
|
|
|
DTIQ (13)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.50% |
|
|
11.66 |
% |
|
9/30/2029 |
|
$ |
|
33,439 |
|
|
|
32,949 |
|
|
|
32,938 |
|
|
|
DTIQ (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,995 |
|
|
|
— |
|
|
|
— |
|
|
|
Easy Ice (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.40% |
|
|
9.40 |
% |
|
10/30/2030 |
|
$ |
|
2,475 |
|
|
|
2,408 |
|
|
|
2,475 |
|
|
|
Easy Ice (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.40% |
|
|
9.71 |
% |
|
10/30/2030 |
|
$ |
|
418 |
|
|
|
351 |
|
|
|
418 |
|
|
|
Easy Ice (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.40% |
|
|
9.71 |
% |
|
10/30/2030 |
|
$ |
|
7,940 |
|
|
|
7,837 |
|
|
|
7,940 |
|
|
|
Electronic Merchant Systems (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/1/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
Electronic Merchant Systems (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
8.92 |
% |
|
8/1/2030 |
|
$ |
|
4,102 |
|
|
|
4,042 |
|
|
|
4,102 |
|
|
|
Electronic Merchant Systems (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
148 |
|
|
|
1,596 |
|
|
|
2,418 |
|
|
|
Elevator Holdco Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,448 |
|
|
|
3,410 |
|
|
|
E-Tech Group (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/9/2030 |
|
$ |
|
— |
|
|
|
(10 |
) |
|
|
(16 |
) |
|
|
Fiduciaire Jean-Marc Faber (FJMF) (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
4/3/2032 |
|
€ |
|
— |
|
|
|
(15 |
) |
|
|
(38 |
) |
|
|
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 |
|
|
|
58 |
|
|
|
Hollywood LP (6)(19)(25)(26) |
|
Preferred Equity |
|
— |
|
12.50% PIK |
|
|
12.50 |
% |
|
— |
|
|
|
1,812 |
|
|
|
2,353 |
|
|
|
2,390 |
|
|
|
iBanFirst (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
9.75% PIK |
|
|
11.78 |
% |
|
7/13/2028 |
|
€ |
|
3,893 |
|
|
|
4,042 |
|
|
|
4,577 |
|
|
|
iBanFirst (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
9.75% PIK |
|
|
11.77 |
% |
|
7/13/2028 |
|
€ |
|
4,031 |
|
|
|
4,228 |
|
|
|
4,739 |
|
|
|
iBanFirst (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
9.75% PIK |
|
|
11.77 |
% |
|
7/13/2028 |
|
€ |
|
101 |
|
|
|
106 |
|
|
|
119 |
|
|
|
iBanFirst (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
9.75% PIK |
|
|
11.77 |
% |
|
7/13/2028 |
|
€ |
|
4,250 |
|
|
|
4,416 |
|
|
|
4,997 |
|
|
|
iBanFirst Facility (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
7,112 |
|
|
|
8,136 |
|
|
|
28,558 |
|
|
|
ImageTrend (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.00% |
|
|
10.17 |
% |
|
1/31/2029 |
|
$ |
|
2,500 |
|
|
|
2,478 |
|
|
|
2,500 |
|
|
|
ImageTrend (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.00% |
|
|
10.31 |
% |
|
1/31/2029 |
|
$ |
|
17,000 |
|
|
|
16,826 |
|
|
|
17,000 |
|
|
|
ImageTrend (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
1/31/2029 |
|
$ |
|
— |
|
|
|
(33 |
) |
|
|
— |
|
|
|
LEP CP Co-Invest, L.P. (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
287 |
|
|
|
380 |
|
|
|
386 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mach 1 Bidco Limited (3)(6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
7.44% PIK |
|
|
11.49 |
% |
|
5/20/2031 |
|
$ |
|
111 |
|
|
|
108 |
|
|
|
111 |
|
|
|
|
masLabor (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
173 |
|
|
|
173 |
|
|
|
642 |
|
|
|
|
masLabor (18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.50% |
|
|
11.46 |
% |
|
7/1/2027 |
|
$ |
|
8,255 |
|
|
|
8,159 |
|
|
|
8,255 |
|
|
|
|
Morrow Sodali (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.48% |
|
|
9.64 |
% |
|
4/25/2028 |
|
$ |
|
2,579 |
|
|
|
2,570 |
|
|
|
2,579 |
|
|
|
|
Morrow Sodali (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/25/2028 |
|
$ |
|
— |
|
|
|
(14 |
) |
|
|
— |
|
|
|
|
Opus2 (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,272 |
|
|
|
2,900 |
|
|
|
3,980 |
|
|
|
|
Opus2 (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.53% |
|
|
9.49 |
% |
|
5/5/2028 |
|
£ |
|
123 |
|
|
|
169 |
|
|
|
165 |
|
|
|
|
Orion (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.43 |
% |
|
3/19/2027 |
|
$ |
|
1,605 |
|
|
|
1,595 |
|
|
|
1,605 |
|
|
|
|
Orion (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/19/2027 |
|
$ |
|
— |
|
|
|
(3 |
) |
|
|
— |
|
|
|
|
Orion (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.26 |
% |
|
3/19/2027 |
|
$ |
|
706 |
|
|
|
701 |
|
|
|
706 |
|
|
|
|
Orion (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.00% |
|
|
9.26 |
% |
|
3/19/2027 |
|
$ |
|
310 |
|
|
|
300 |
|
|
|
310 |
|
|
|
|
PRGX (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/20/2030 |
|
$ |
|
— |
|
|
|
(25 |
) |
|
|
(55 |
) |
|
|
|
PRGX (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.49 |
% |
|
12/20/2030 |
|
$ |
|
143 |
|
|
|
141 |
|
|
|
141 |
|
|
|
|
Pure Wafer (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.35% |
|
|
9.51 |
% |
|
11/12/2030 |
|
$ |
|
891 |
|
|
|
883 |
|
|
|
891 |
|
|
|
|
Pure Wafer (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/12/2030 |
|
$ |
|
— |
|
|
|
(17 |
) |
|
|
— |
|
|
|
|
Pure Wafer (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,236 |
|
|
|
1,236 |
|
|
|
1,355 |
|
|
|
|
Rydoo (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.75% |
|
|
8.75 |
% |
|
9/26/2031 |
|
€ |
|
5,076 |
|
|
|
5,795 |
|
|
|
5,938 |
|
|
|
|
Rydoo (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
6.75% |
|
|
8.75 |
% |
|
9/12/2031 |
|
€ |
|
1,556 |
|
|
|
1,723 |
|
|
|
1,820 |
|
|
|
|
Rydoo (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
655 |
|
|
|
767 |
|
|
|
839 |
|
|
|
|
Rydoo (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,529 |
|
|
|
1,790 |
|
|
|
1,940 |
|
|
|
|
SoftCo (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
500 |
|
|
|
537 |
|
|
|
705 |
|
|
|
|
SoftCo (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.50% |
|
|
8.53 |
% |
|
2/22/2031 |
|
€ |
|
2,000 |
|
|
|
2,148 |
|
|
|
2,351 |
|
|
|
|
Spring Finco BV (2)(3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
7/15/2029 |
|
NOK |
|
— |
|
|
|
— |
|
|
|
(44 |
) |
|
|
|
TEI Holdings Inc. (17)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.00% |
|
|
8.00 |
% |
|
4/9/2031 |
|
$ |
|
2,627 |
|
|
|
2,617 |
|
|
|
2,623 |
|
|
|
|
TES Global (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
5.00% |
|
|
9.03 |
% |
|
1/27/2029 |
|
£ |
|
12 |
|
|
|
15 |
|
|
|
16 |
|
|
|
|
Webcentral (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.50% |
|
|
10.62 |
% |
|
12/18/2030 |
|
$ |
|
87 |
|
|
|
87 |
|
|
|
87 |
|
|
|
|
Webcentral (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.50% |
|
|
10.63 |
% |
|
12/18/2030 |
|
€ |
|
3,503 |
|
|
|
3,850 |
|
|
|
3,905 |
|
|
|
|
Webcentral (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
6.50% |
|
|
8.62 |
% |
|
12/18/2030 |
|
€ |
|
17 |
|
|
|
18 |
|
|
|
20 |
|
|
|
|
Services: Business Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
229,469 |
|
|
$ |
254,013 |
|
|
|
22.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
4/30/2031 |
|
$ |
|
— |
|
|
|
(2 |
) |
|
|
— |
|
|
|
|
CorePower Yoga, LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/30/2031 |
|
$ |
|
— |
|
|
|
(9 |
) |
|
|
— |
|
|
|
|
CorePower Yoga, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
4/30/2031 |
|
$ |
|
7,980 |
|
|
|
7,940 |
|
|
|
7,980 |
|
|
|
|
Master ConcessionAir (3)(19)(33) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
8.75% |
|
|
13.00 |
% |
|
6/21/2029 |
|
$ |
|
183 |
|
|
|
182 |
|
|
|
171 |
|
|
|
|
Master ConcessionAir (3)(19)(33) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
8.75% |
|
|
12.82 |
% |
|
6/21/2029 |
|
$ |
|
217 |
|
|
|
213 |
|
|
|
211 |
|
|
|
|
Master ConcessionAir (19)(33) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
8.75% |
|
|
12.75 |
% |
|
6/21/2029 |
|
$ |
|
1,716 |
|
|
|
1,686 |
|
|
|
1,673 |
|
|
|
|
MZR Aggregator (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
2 |
|
|
|
|
MZR Aggregator (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
798 |
|
|
|
128 |
|
|
|
|
MZR Buyer, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.75% (0.50% PIK) |
|
|
11.51 |
% |
|
12/22/2028 |
|
$ |
|
1,732 |
|
|
|
1,709 |
|
|
|
1,619 |
|
|
|
|
MZR Buyer, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.00% (0.50% PIK) |
|
|
11.56 |
% |
|
12/22/2028 |
|
$ |
|
455 |
|
|
|
449 |
|
|
|
425 |
|
|
|
|
MZR Buyer, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.90% (0.50% PIK) |
|
|
11.40 |
% |
|
12/22/2028 |
|
$ |
|
25,433 |
|
|
|
24,723 |
|
|
|
23,780 |
|
|
|
|
MZR Buyer, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.00% (0.50% PIK) |
|
|
11.77 |
% |
|
12/22/2028 |
|
$ |
|
5,223 |
|
|
|
5,176 |
|
|
|
4,884 |
|
|
|
|
Owl Acquisition, LLC (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
9.07 |
% |
|
4/17/2032 |
|
$ |
|
200 |
|
|
|
199 |
|
|
|
196 |
|
|
|
|
Owl Acquisition, LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/17/2032 |
|
$ |
|
— |
|
|
|
(8 |
) |
|
|
(9 |
) |
|
|
|
Owl Acquisition, LLC (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
9.07 |
% |
|
4/17/2032 |
|
$ |
|
643 |
|
|
|
641 |
|
|
|
641 |
|
|
|
|
Spotless Brands (3)(15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.83 |
% |
|
7/25/2028 |
|
$ |
|
9,986 |
|
|
|
9,934 |
|
|
|
9,986 |
|
|
|
|
Vasa Fitness Buyer, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.35% |
|
|
10.67 |
% |
|
8/15/2030 |
|
$ |
|
4,068 |
|
|
|
4,018 |
|
|
|
4,017 |
|
|
|
|
Vasa Fitness, LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.35% |
|
|
10.50 |
% |
|
8/15/2030 |
|
$ |
|
76 |
|
|
|
66 |
|
|
|
67 |
|
|
|
|
Vasa Fitness, LLC (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/15/2030 |
|
$ |
|
— |
|
|
|
(2 |
) |
|
|
(3 |
) |
|
|
|
WhiteWater Express (19)(26) |
|
Subordinated Debt |
|
— |
|
14.00% PIK |
|
|
14.00 |
% |
|
3/31/2031 |
|
$ |
|
8,848 |
|
|
|
8,778 |
|
|
|
8,848 |
|
|
|
|
Services: Consumer Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
66,503 |
|
|
$ |
64,616 |
|
|
|
5.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Meriplex Communications, Ltd. (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.10% |
|
|
9.26 |
% |
|
7/17/2028 |
|
$ |
|
11,988 |
|
|
|
11,859 |
|
|
|
11,718 |
|
|
|
|
Meriplex Communications, Ltd. (16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.10% |
|
|
9.26 |
% |
|
7/17/2028 |
|
$ |
|
7,120 |
|
|
|
7,068 |
|
|
|
6,960 |
|
|
|
|
Meriplex Communications, Ltd. (16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.10% |
|
|
9.26 |
% |
|
7/17/2028 |
|
$ |
|
2,824 |
|
|
|
2,798 |
|
|
|
2,760 |
|
|
|
|
Substantial Holdco Limited (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
4/20/2030 |
|
£ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Taoglas (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.25% |
|
|
11.55 |
% |
|
2/28/2029 |
|
$ |
|
18,324 |
|
|
|
18,059 |
|
|
|
18,003 |
|
|
|
|
Taoglas (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.25% |
|
|
11.25 |
% |
|
2/28/2029 |
|
$ |
|
896 |
|
|
|
896 |
|
|
|
881 |
|
|
|
|
Taoglas (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
20 |
|
|
|
20 |
|
|
|
17 |
|
|
|
|
Taoglas (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,259 |
|
|
|
2,259 |
|
|
|
1,901 |
|
|
|
|
Taoglas (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.25% |
|
|
11.25 |
% |
|
2/28/2029 |
|
$ |
|
9,902 |
|
|
|
9,833 |
|
|
|
9,729 |
|
|
|
|
Taoglas (3)(6)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.25% |
|
|
11.32 |
% |
|
2/28/2029 |
|
$ |
|
1,284 |
|
|
|
1,284 |
|
|
|
1,260 |
|
|
|
|
Taoglas (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.25% |
|
|
11.25 |
% |
|
2/28/2029 |
|
$ |
|
445 |
|
|
|
436 |
|
|
|
437 |
|
|
|
|
Telecommunications Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
54,512 |
|
|
$ |
53,666 |
|
|
|
4.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation: Cargo |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A&R Logistics, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.65% (4.25% PIK) |
|
|
11.19 |
% |
|
2/3/2028 |
|
$ |
|
928 |
|
|
|
920 |
|
|
|
856 |
|
|
|
|
A&R Logistics, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.65% (4.25% PIK) |
|
|
11.19 |
% |
|
2/3/2028 |
|
$ |
|
2,397 |
|
|
|
2,389 |
|
|
|
2,211 |
|
|
|
|
A&R Logistics, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.65% (4.25% PIK) |
|
|
11.19 |
% |
|
2/3/2028 |
|
$ |
|
2,691 |
|
|
|
2,686 |
|
|
|
2,483 |
|
|
|
|
A&R Logistics, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.65% (4.25% PIK) |
|
|
11.19 |
% |
|
2/3/2028 |
|
$ |
|
5,889 |
|
|
|
5,875 |
|
|
|
5,433 |
|
|
|
|
A&R Logistics, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.65% (4.25% PIK) |
|
|
11.19 |
% |
|
2/3/2028 |
|
$ |
|
13,056 |
|
|
|
13,014 |
|
|
|
12,045 |
|
|
|
|
A&R Logistics, Inc. (3)(15)(19)(22)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
2.50% (4.25% PIK) |
|
|
10.99 |
% |
|
2/3/2028 |
|
$ |
|
3,436 |
|
|
|
3,368 |
|
|
|
2,957 |
|
|
|
|
ARL Holdings, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
445 |
|
|
|
— |
|
|
|
|
ARL Holdings, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
9 |
|
|
|
9 |
|
|
|
— |
|
|
|
|
Grammer Investment Holdings LLC (14)(19)(25) |
|
Warrants |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
122 |
|
|
|
— |
|
|
|
— |
|
|
|
|
Grammer Investment Holdings LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,011 |
|
|
|
1,019 |
|
|
|
— |
|
|
|
|
Grammer Investment Holdings LLC (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
11 |
|
|
|
1,095 |
|
|
|
1,160 |
|
|
|
|
Gulf Winds International (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.00% |
|
|
11.16 |
% |
|
12/16/2028 |
|
$ |
|
1,072 |
|
|
|
1,064 |
|
|
|
1,018 |
|
|
|
|
Gulf Winds International (15)(19)(26)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.00% (1.00% PIK) |
|
|
11.16 |
% |
|
12/16/2028 |
|
$ |
|
11,944 |
|
|
|
11,720 |
|
|
|
11,347 |
|
|
|
|
Gulf Winds International (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.00% |
|
|
11.16 |
% |
|
12/16/2028 |
|
$ |
|
3,414 |
|
|
|
3,313 |
|
|
|
3,129 |
|
|
|
|
ICAT Logistics, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/1/2029 |
|
$ |
|
— |
|
|
|
(41 |
) |
|
|
(41 |
) |
|
|
|
ICAT Logistics, Inc. (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/1/2029 |
|
$ |
|
— |
|
|
|
(13 |
) |
|
|
(13 |
) |
|
|
|
ICAT Logistics, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.25% |
|
|
10.42 |
% |
|
3/1/2029 |
|
$ |
|
9,183 |
|
|
|
9,045 |
|
|
|
9,045 |
|
|
|
|
REP Coinvest III- A Omni, L.P. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,377 |
|
|
|
1,377 |
|
|
|
739 |
|
|
|
|
RoadOne (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.25% |
|
|
10.56 |
% |
|
12/29/2028 |
|
$ |
|
11,913 |
|
|
|
11,686 |
|
|
|
11,913 |
|
|
|
|
RoadOne (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.25% |
|
|
10.57 |
% |
|
12/29/2028 |
|
$ |
|
3,922 |
|
|
|
3,850 |
|
|
|
3,922 |
|
|
|
|
RoadOne (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.25% |
|
|
10.56 |
% |
|
12/29/2028 |
|
$ |
|
932 |
|
|
|
920 |
|
|
|
932 |
|
|
|
|
Transportation: Cargo Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
73,741 |
|
|
$ |
69,136 |
|
|
|
6.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation: Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PrimeFlight (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
5/1/2029 |
|
$ |
|
9,358 |
|
|
|
9,274 |
|
|
|
9,358 |
|
|
|
|
PrimeFlight Acquisition LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
5/1/2029 |
|
$ |
|
4,024 |
|
|
|
3,977 |
|
|
|
4,024 |
|
|
|
|
PrimeFlight Acquisition LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.80 |
% |
|
5/1/2029 |
|
$ |
|
11,974 |
|
|
|
11,815 |
|
|
|
11,974 |
|
|
|
|
PrimeFlight Acquisition LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.50 |
% |
|
5/1/2029 |
|
$ |
|
829 |
|
|
|
829 |
|
|
|
829 |
|
|
|
|
Transportation: Consumer Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,895 |
|
|
$ |
26,185 |
|
|
|
2.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Utilities: Electric |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KAMC Holdings, Inc. (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.25% |
|
|
9.45 |
% |
|
8/1/2031 |
|
$ |
|
263 |
|
|
|
252 |
|
|
|
252 |
|
|
|
|
KAMC Holdings, Inc. (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.55 |
% |
|
8/1/2031 |
|
$ |
|
7,857 |
|
|
|
7,769 |
|
|
|
7,768 |
|
|
|
|
Utilities: Electric Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,021 |
|
|
$ |
8,020 |
|
|
|
0.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Utilities: Water |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vessco Water (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.75% |
|
|
8.81 |
% |
|
7/24/2031 |
|
$ |
|
1,813 |
|
|
|
1,795 |
|
|
|
1,813 |
|
|
|
|
Vessco Water (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/24/2031 |
|
$ |
|
— |
|
|
|
(9 |
) |
|
|
— |
|
|
|
|
Utilities: Water Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,786 |
|
|
$ |
1,813 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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) |
|
|
10.92 |
% |
|
7/6/2028 |
|
$ |
|
14,772 |
|
|
|
13,855 |
|
|
|
8,863 |
|
|
|
|
Abracon Group Holding, LLC. (7)(14)(16)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
2.05% (4.60% PIK) |
|
|
10.92 |
% |
|
7/6/2028 |
|
$ |
|
2,112 |
|
|
|
1,950 |
|
|
|
1,267 |
|
|
|
|
Chex Finer Foods, LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
6/6/2031 |
|
$ |
|
— |
|
|
|
(15 |
) |
|
|
— |
|
|
|
|
Chex Finer Foods, LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/6/2031 |
|
$ |
|
— |
|
|
|
(17 |
) |
|
|
— |
|
|
|
|
Chex Finer Foods, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.00% |
|
|
10.13 |
% |
|
6/6/2031 |
|
$ |
|
13,467 |
|
|
|
13,384 |
|
|
|
13,467 |
|
|
|
|
Fifty AU Bidco Pty Ltd (18)(19) |
|
First Lien Senior Secured Loan |
|
BBSY |
|
5.00% |
|
|
8.74 |
% |
|
8/1/2031 |
|
AUD |
|
2,402 |
|
|
|
1,547 |
|
|
|
1,582 |
|
|
|
|
Fifty U.S. Bidco Inc (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
8/1/2031 |
|
$ |
|
— |
|
|
|
(4 |
) |
|
|
(4 |
) |
|
|
|
Fifty U.S. Bidco Inc (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.00% |
|
|
9.30 |
% |
|
8/1/2031 |
|
$ |
|
294 |
|
|
|
280 |
|
|
|
279 |
|
|
|
|
Fifty U.S. Bidco Inc (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.30 |
% |
|
8/1/2031 |
|
$ |
|
12,202 |
|
|
|
12,141 |
|
|
|
12,141 |
|
|
|
|
Hultec (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
651 |
|
|
|
960 |
|
|
|
|
SureWerx (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
12/28/2029 |
|
$ |
|
934 |
|
|
|
932 |
|
|
|
930 |
|
|
|
|
SureWerx (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/28/2028 |
|
CAD |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
SureWerx (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/28/2029 |
|
$ |
|
— |
|
|
|
(7 |
) |
|
|
(5 |
) |
|
|
|
SureWerx (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.25% |
|
|
9.25 |
% |
|
12/28/2028 |
|
$ |
|
316 |
|
|
|
302 |
|
|
|
310 |
|
|
|
|
Wholesale Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
44,999 |
|
|
$ |
39,790 |
|
|
|
3.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Controlled/Non-Affiliate Investments Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,913,737 |
|
|
$ |
1,934,475 |
|
|
|
171.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Controlled/Affiliate Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ansett Aviation Training (6)(10)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
5,119 |
|
|
|
3,842 |
|
|
|
13,234 |
|
|
|
|
Aerospace & Defense Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,842 |
|
|
$ |
13,234 |
|
|
|
1.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beverage, Food & Tobacco |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADT Pizza, LLC (10)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
6,720 |
|
|
|
3,372 |
|
|
|
1,658 |
|
|
|
|
Beverage, Food & Tobacco Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,372 |
|
|
$ |
1,658 |
|
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Goods: Durable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Walker Edison (3)(7)(10)(14)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
10.00% |
|
|
10.00 |
% |
|
2/2/2026 |
|
$ |
|
266 |
|
|
|
266 |
|
|
|
266 |
|
|
|
|
Walker Edison (3)(7)(10)(14)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
2/2/2026 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Consumer Goods: Durable Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
266 |
|
|
$ |
266 |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Controlled/Affiliate Investments Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,480 |
|
|
$ |
15,158 |
|
|
|
1.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
11,863 |
|
|
|
7,982 |
|
|
|
|
BCC Jetstream Holdings Aviation (On II), LLC (10)(11)(14)(20)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
1,116 |
|
|
|
1,116 |
|
|
|
— |
|
|
|
|
BCC Jetstream Holdings Aviation (On II), LLC (10)(11)(14)(20) |
|
First Lien Senior Secured Loan |
|
— |
|
|
— |
|
— |
|
|
— |
|
$ |
|
8,013 |
|
|
|
8,012 |
|
|
|
4,851 |
|
|
|
|
Gale Aviation (Offshore) Co (6)(10)(11)(14)(19)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
72,247 |
|
|
|
68,575 |
|
|
|
57,664 |
|
|
|
|
Aerospace & Defense Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
89,566 |
|
|
$ |
70,497 |
|
|
|
6.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIRE: Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Legacy Corporate Lending HoldCo, LLC (10)(11)(14)(19)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
900 |
|
|
|
1,253 |
|
|
|
|
Legacy Corporate Lending HoldCo, LLC (10)(11)(19)(25) |
|
Preferred Equity |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
59 |
|
|
|
52,200 |
|
|
|
62,236 |
|
|
|
|
Legacy Corporate Lending HoldCo, LLC (10)(11)(14)(19)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
|
FIRE: Finance Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
53,100 |
|
|
$ |
63,489 |
|
|
|
5.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Vehicles |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bain Capital Senior Loan Program, LLC (6)(10)(11)(18)(19) |
|
Subordinated Note Investment Vehicles |
|
— |
|
|
10.00% |
|
|
10.00 |
% |
|
12/27/2033 |
|
$ |
|
169,995 |
|
|
|
169,995 |
|
|
|
157,925 |
|
|
|
|
Bain Capital Senior Loan Program, LLC (6)(10)(11)(25) |
|
Preferred Equity Interest Investment Vehicles |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
10 |
|
|
|
10 |
|
|
|
1,731 |
|
|
|
|
Bain Capital Senior Loan Program, LLC (6)(10)(11)(25) |
|
Equity Interest Investment Vehicles |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
10 |
|
|
|
5,594 |
|
|
|
6,794 |
|
|
|
|
International Senior Loan Program, LLC (6)(10)(11)(18)(19) |
|
Subordinated Note Investment Vehicles |
|
SOFR |
|
|
8.00% |
|
|
12.00 |
% |
|
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 |
|
|
|
41,041 |
|
|
|
|
Investment Vehicles Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
426,943 |
|
|
$ |
398,220 |
|
|
|
35.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services: Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parcel2Go (6)(10)(11)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
|
7.00% |
|
|
10.97 |
% |
|
11/26/2031 |
|
£ |
|
49 |
|
|
|
62 |
|
|
|
56 |
|
|
|
|
Parcel2Go (6)(10)(11)(14)(19)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Parcel2Go (6)(10)(11)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
14,221 |
|
|
|
— |
|
|
|
— |
|
|
|
|
Services: Business Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
62 |
|
|
$ |
56 |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Services: Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SG Global Midco Limited (6)(10)(11)(19) |
|
First Lien Senior Secured Loan |
|
— |
|
|
6.00% |
|
|
6.00 |
% |
|
12/31/2028 |
|
£ |
|
2 |
|
|
|
3 |
|
|
|
3 |
|
|
|
|
Surrey Bidco Limited (6)(7)(10)(11)(14)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
|
7.28% PIK |
|
|
11.25 |
% |
|
12/31/2028 |
|
£ |
|
69 |
|
|
|
76 |
|
|
|
34 |
|
|
|
|
Voltaire Topco Limited (6)(10)(11)(14)(19)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Services: Consumer Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
79 |
|
|
$ |
37 |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation: Cargo |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lightning Holdings B, LLC (6)(10)(11)(14)(19)(25) |
|
Equity Interest |
|
— |
|
|
— |
|
— |
|
|
— |
|
|
|
33,459 |
|
|
|
33,770 |
|
|
|
52,166 |
|
|
|
|
Transportation: Cargo Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
33,770 |
|
|
$ |
52,166 |
|
|
|
4.6 |
% |
Controlled Affiliate Investments Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
603,520 |
|
|
$ |
584,465 |
|
|
|
51.8 |
% |
Investments Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,524,737 |
|
|
$ |
2,534,098 |
|
|
|
224.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goldman Sachs Financial Square Government Fund Institutional Share Class |
|
Cash Equivalents |
|
|
— |
|
|
— |
|
|
4.04 |
% |
|
— |
|
$ |
|
— |
|
|
|
32,854 |
|
|
|
32,854 |
|
|
|
|
Goldman Sachs US Treasury Liquid Reserves Fund (30) |
|
Cash Equivalents |
|
|
— |
|
|
— |
|
|
4.02 |
% |
|
— |
|
$ |
|
— |
|
|
|
20,344 |
|
|
|
20,344 |
|
|
|
|
Cash Equivalents Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
53,198 |
|
|
$ |
53,198 |
|
|
|
4.8 |
% |
Investments and Cash Equivalents Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,577,935 |
|
|
$ |
2,587,296 |
|
|
|
229.3 |
% |
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 |
|
|
$ |
- |
|
|
$ |
9,062 |
|
Forward Foreign Currency Exchange Contracts
|
|
|
|
|
|
|
|
|
|
|
Currency Purchased |
|
Currency Sold |
|
Counterparty |
|
Settlement
Date |
|
Unrealized
Appreciation(8) |
|
US DOLLARS 166 |
|
POUND STERLING 0 |
|
Bank of New York Mellon |
|
10/8/2025 |
|
$ |
(166 |
) |
US DOLLARS 814 |
|
EURO 0 |
|
Bank of New York Mellon |
|
10/8/2025 |
|
|
(814 |
) |
US DOLLARS 424 |
|
CANADIAN DOLLAR 600 |
|
Bank of New York Mellon |
|
12/19/2025 |
|
|
(9 |
) |
US DOLLARS 148 |
|
EURO 302 |
|
Wells Fargo |
|
1/9/2026 |
|
|
(505 |
) |
US DOLLARS 7,650 |
|
EURO 7,225 |
|
Bank of New York Mellon |
|
1/28/2026 |
|
|
(895 |
) |
US DOLLARS 1,388 |
|
POUND STERLING 1,118 |
|
Bank of New York Mellon |
|
1/30/2026 |
|
|
(117 |
) |
US DOLLARS 1,922 |
|
POUND STERLING 1,480 |
|
Bank of New York Mellon |
|
3/20/2026 |
|
|
(70 |
) |
US DOLLARS 16,492 |
|
EURO 14,990 |
|
Bank of New York Mellon |
|
3/27/2026 |
|
|
(1,287 |
) |
US DOLLARS 9,445 |
|
EURO 8,610 |
|
BNP Paribas |
|
3/30/2026 |
|
|
(767 |
) |
US DOLLARS 1,034 |
|
POUND STERLING 0 |
|
BNP Paribas |
|
4/10/2026 |
|
|
(1,041 |
) |
US DOLLARS 3,130 |
|
POUND STERLING 2,410 |
|
US Bank |
|
4/14/2026 |
|
|
(112 |
) |
US DOLLARS 19,307 |
|
EURO 16,810 |
|
US Bank |
|
5/12/2026 |
|
|
(671 |
) |
US DOLLARS 13,483 |
|
POUND STERLING 10,160 |
|
US Bank |
|
5/14/2026 |
|
|
(183 |
) |
US DOLLARS 1,167 |
|
EURO 0 |
|
Wells Fargo |
|
5/19/2026 |
|
|
(1,167 |
) |
US DOLLARS 58 |
|
POUND STERLING 055 |
|
Bank of New York Mellon |
|
6/8/2026 |
|
|
(16 |
) |
US DOLLARS 819 |
|
EURO 700 |
|
Bank of New York Mellon |
|
6/8/2026 |
|
|
(14 |
) |
US DOLLARS 5,137 |
|
EURO 4,400 |
|
Bank of New York Mellon |
|
6/9/2026 |
|
|
(99 |
) |
US DOLLARS 2,760 |
|
EURO 2,360 |
|
Bank of New York Mellon |
|
6/10/2026 |
|
|
(48 |
) |
US DOLLARS 290 |
|
NEW ZEALAND DOLLAR 725 |
|
Bank of New York Mellon |
|
6/15/2026 |
|
|
(135 |
) |
US DOLLARS 3,959 |
|
POUND STERLING 2,915 |
|
Bank of New York Mellon |
|
6/17/2026 |
|
|
39 |
|
US DOLLARS 7,661 |
|
POUND STERLING 5,690 |
|
Bank of New York Mellon |
|
6/25/2026 |
|
|
10 |
|
US DOLLARS 2,451 |
|
POUND STERLING 1,810 |
|
US Bank |
|
6/25/2026 |
|
|
18 |
|
US DOLLARS 2,451 |
|
AUSTRALIAN DOLLARS 3,739 |
|
Bank of New York Mellon |
|
7/16/2026 |
|
|
(31 |
) |
US DOLLARS 8,665 |
|
POUND STERLING 6,450 |
|
Wells Fargo |
|
7/16/2026 |
|
|
(6 |
) |
US DOLLARS 4,375 |
|
EURO 3,680 |
|
Wells Fargo |
|
7/16/2026 |
|
|
(11 |
) |
US DOLLARS 3,206 |
|
AUSTRALIAN DOLLARS 4,900 |
|
US Bank |
|
7/31/2026 |
|
|
(46 |
) |
US DOLLARS 5,343 |
|
POUND STERLING 4,007 |
|
BNP Paribas |
|
7/31/2026 |
|
|
(42 |
) |
US DOLLARS 11,061 |
|
EURO 9,445 |
|
BNP Paribas |
|
7/31/2026 |
|
|
(202 |
) |
US DOLLARS 5,895 |
|
EURO 4,980 |
|
Wells Fargo |
|
8/13/2026 |
|
|
(47 |
) |
US DOLLARS 3,248 |
|
AUSTRALIAN DOLLARS 5,195 |
|
Bank of New York Mellon |
|
8/20/2026 |
|
|
(199 |
) |
US DOLLARS 27,515 |
|
EURO 24,000 |
|
Bank of New York Mellon |
|
8/20/2026 |
|
|
(1,128 |
) |
US DOLLARS 5,570 |
|
EURO 4,860 |
|
Wells Fargo |
|
8/20/2026 |
|
|
(230 |
) |
US DOLLARS 380 |
|
CANADIAN DOLLAR 520 |
|
Bank of New York Mellon |
|
8/20/2026 |
|
|
1 |
|
US DOLLARS 7,111 |
|
POUND STERLING 5,620 |
|
Bank of New York Mellon |
|
8/27/2026 |
|
|
(440 |
) |
US DOLLARS 5,359 |
|
AUSTRALIAN DOLLARS 8,060 |
|
Bank of New York Mellon |
|
9/16/2026 |
|
|
11 |
|
US DOLLARS 7,171 |
|
POUND STERLING 5,316 |
|
US Bank |
|
9/24/2026 |
|
|
30 |
|
US DOLLARS 3,473 |
|
POUND STERLING 2,590 |
|
US Bank |
|
10/2/2026 |
|
|
(6 |
) |
US DOLLARS 16,837 |
|
EURO 14,100 |
|
Bank of New York Mellon |
|
10/2/2026 |
|
|
(20 |
) |
US DOLLARS 1,083 |
|
POUND STERLING 800 |
|
Wells Fargo |
|
10/26/2026 |
|
|
9 |
|
US DOLLARS 1,031 |
|
POUND STERLING 820 |
|
Bank of New York Mellon |
|
11/25/2026 |
|
|
(69 |
) |
US DOLLARS 2,278 |
|
EURO 2,000 |
|
Bank of New York Mellon |
|
10/28/2027 |
|
|
(144 |
) |
|
|
|
|
|
|
|
|
$ |
(10,619 |
) |
(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 September 30, 2025. 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 $1,128,547 as of September 30, 2025.
(5)The negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
(6)The investment or a portion of this investment is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940. The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of September 30, 2025, non-qualifying assets totaled 28.96% of the Company’s total assets.
(7)Loan was on non-accrual status as of September 30, 2025.
(8)Unrealized appreciation on forward currency exchange contracts.
(9)The principal amount (par amount) for all debt securities is denominated in U.S. dollars, unless otherwise noted. £ represents Pound Sterling, € represents Euro, NOK represents Norwegian Krone, AUD represents Australian Dollar, CAD represents Canadian Dollar and NZ$ 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.
(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)$345 of the total par amount for this security is at P+ 5.50%.
(24)Loan includes interest rate floor of 1.25%.
(25)Security exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2025, the aggregate fair value of these securities is $422,712 or 37.46% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
|
|
|
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 |
AXH Air Coolers |
|
10/31/2023 |
Bain Capital Senior Loan Program, LLC |
|
12/27/2021 |
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 |
Darcy Partners |
|
6/1/2022 |
DTIQ |
|
9/15/2025 |
DTIQ |
|
9/30/2024 |
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 |
FCG Acquisitions, Inc. |
|
1/24/2019 |
Fineline Technologies, Inc. |
|
2/22/2021 |
Forward Slope |
|
3/15/2024 |
Gale Aviation (Offshore) Co |
|
1/2/2019 |
Galeria |
|
8/1/2024 |
Gills Point S |
|
5/17/2023 |
Grammer Investment Holdings LLC |
|
10/1/2018 |
HealthDrive |
|
8/18/2023 |
|
|
|
Investment |
|
Acquisition Date |
HG Insights, Inc. |
|
6/16/2025 |
Hollywood LP |
|
4/16/2025 |
Hultec |
|
3/31/2023 |
iBanFirst Facility |
|
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 |
Lightning Holdings B, LLC |
|
1/2/2020 |
masLabor |
|
7/1/2021 |
MZR Aggregator |
|
9/17/2024 |
MZR Aggregator |
|
12/22/2020 |
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 |
|
10/7/2024 |
Precision Ultimate Holdings, LLC |
|
11/6/2019 |
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 |
|
7/15/2021 |
Service Master |
|
8/16/2021 |
Sikich |
|
5/6/2024 |
SoftCo |
|
3/1/2024 |
Spindrift |
|
2/19/2025 |
Superna Inc. |
|
3/8/2022 |
Taoglas |
|
6/27/2024 |
Taoglas |
|
2/28/2023 |
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 |
|
5/20/2024 |
WSP |
|
8/31/2021 |
(26)Denotes that all or a portion of the investment includes PIK income during the period.
(29)Assets or a portion thereof are pledged as collateral for the 2019-1 Issuer. See “Note 6. Debt.”
(30)Cash equivalents include $20,356 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%.
See Notes to Consolidated Financial Statements
Bain Capital Specialty Finance, Inc.
Consolidated Schedule of Investments
As of December 31, 2024
(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 (2)(3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/12/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
(36 |
) |
|
|
|
ATS (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
10.05 |
% |
|
7/12/2029 |
|
$ |
|
7,101 |
|
|
|
7,016 |
|
|
|
7,012 |
|
|
|
|
BTX Precision (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.36 |
% |
|
7/25/2030 |
|
$ |
|
7,301 |
|
|
|
7,223 |
|
|
|
7,301 |
|
|
|
|
BTX Precision (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.36 |
% |
|
7/25/2030 |
|
$ |
|
4,352 |
|
|
|
4,326 |
|
|
|
4,352 |
|
|
|
|
BTX Precision (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/25/2030 |
|
$ |
|
— |
|
|
|
(34 |
) |
|
|
— |
|
|
|
|
BTX Precision (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.36 |
% |
|
7/25/2030 |
|
$ |
|
14,234 |
|
|
|
14,114 |
|
|
|
14,234 |
|
|
|
|
BTX Precision (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,199 |
|
|
|
2,248 |
|
|
|
|
Forming Machining Industries Holdings, LLC (7)(14)(18)(19)(26) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
8.90% PIK |
|
|
13.41 |
% |
|
10/9/2026 |
|
$ |
|
7,453 |
|
|
|
6,874 |
|
|
|
335 |
|
|
|
|
Forming Machining Industries Holdings, LLC (18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.40% |
|
|
8.91 |
% |
|
10/9/2025 |
|
$ |
|
15,985 |
|
|
|
15,968 |
|
|
|
12,388 |
|
|
|
|
Forward Slope (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
930 |
|
|
|
930 |
|
|
|
1,438 |
|
|
|
|
Forward Slope (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.85% |
|
|
11.18 |
% |
|
8/22/2029 |
|
$ |
|
6,139 |
|
|
|
6,008 |
|
|
|
6,139 |
|
|
|
|
Forward Slope (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.85% |
|
|
11.18 |
% |
|
8/22/2029 |
|
$ |
|
18,409 |
|
|
|
18,020 |
|
|
|
18,409 |
|
|
|
|
Forward Slope (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.85% |
|
|
11.21 |
% |
|
8/22/2029 |
|
$ |
|
3,554 |
|
|
|
3,382 |
|
|
|
3,553 |
|
|
|
|
Forward Slope (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.85% |
|
|
11.18 |
% |
|
8/22/2029 |
|
$ |
|
8,618 |
|
|
|
8,507 |
|
|
|
8,618 |
|
|
|
|
GSP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
620 |
|
|
|
781 |
|
|
|
818 |
|
|
|
|
GSP (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.65% |
|
|
9.98 |
% |
|
11/5/2027 |
|
$ |
|
1,130 |
|
|
|
1,130 |
|
|
|
1,118 |
|
|
|
|
GSP Holdings, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.65% |
|
|
9.98 |
% |
|
11/6/2025 |
|
$ |
|
9,574 |
|
|
|
9,567 |
|
|
|
9,478 |
|
|
|
|
GSP Holdings, LLC (15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.65% |
|
|
9.98 |
% |
|
11/6/2025 |
|
$ |
|
4,551 |
|
|
|
4,544 |
|
|
|
4,505 |
|
|
|
|
Mach Acquisition R/C (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
7.65% |
|
|
12.17 |
% |
|
10/19/2026 |
|
$ |
|
7,532 |
|
|
|
7,460 |
|
|
|
7,532 |
|
|
|
|
Mach Acquisition T/L (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.65% (2.00% PIK) |
|
|
13.27 |
% |
|
10/19/2026 |
|
$ |
|
34,518 |
|
|
|
34,255 |
|
|
|
34,518 |
|
|
|
|
Precision Ultimate Holdings, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,417 |
|
|
|
1,417 |
|
|
|
1,777 |
|
|
|
|
Robinson Helicopter (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,592 |
|
|
|
1,592 |
|
|
|
3,851 |
|
|
|
|
Robinson Helicopter (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.60% |
|
|
10.96 |
% |
|
6/30/2028 |
|
$ |
|
10,872 |
|
|
|
10,707 |
|
|
|
10,872 |
|
|
|
|
Saturn Purchaser Corp. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.35% |
|
|
10.49 |
% |
|
7/23/2029 |
|
$ |
|
13,587 |
|
|
|
13,482 |
|
|
|
13,587 |
|
|
|
|
Saturn Purchaser Corp. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/22/2029 |
|
$ |
|
— |
|
|
|
(32 |
) |
|
|
— |
|
|
|
|
Whitcraft-Paradigm (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.83 |
% |
|
2/15/2029 |
|
$ |
|
2,740 |
|
|
|
2,738 |
|
|
|
2,740 |
|
|
|
|
Whitcraft-Paradigm (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.83 |
% |
|
2/15/2029 |
|
$ |
|
11,792 |
|
|
|
11,704 |
|
|
|
11,792 |
|
|
|
|
Whitcraft-Paradigm (3)(18)(19)(23) |
|
First Lien Senior Secured Loan - Revolver |
|
P |
|
5.50% |
|
|
13.00 |
% |
|
2/28/2029 |
|
$ |
|
1,155 |
|
|
|
1,140 |
|
|
|
1,155 |
|
|
|
|
Aerospace & Defense Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
195,018 |
|
|
$ |
189,734 |
|
|
|
16.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Trailer Rental Group (19)(26) |
|
Subordinated Debt |
|
— |
|
5.50% (8.75% PIK) |
|
|
14.25 |
% |
|
12/1/2027 |
|
$ |
|
5,434 |
|
|
|
5,393 |
|
|
|
5,270 |
|
|
|
|
American Trailer Rental Group (19)(26) |
|
Subordinated Debt |
|
— |
|
5.50% (8.75% PIK) |
|
|
14.25 |
% |
|
12/1/2027 |
|
$ |
|
16,765 |
|
|
|
16,578 |
|
|
|
16,261 |
|
|
|
|
American Trailer Rental Group (19)(26) |
|
Subordinated Debt |
|
— |
|
5.50% (8.75% PIK) |
|
|
14.25 |
% |
|
12/1/2027 |
|
$ |
|
20,935 |
|
|
|
20,706 |
|
|
|
20,307 |
|
|
|
|
Cardo (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.67 |
% |
|
5/12/2028 |
|
$ |
|
98 |
|
|
|
97 |
|
|
|
97 |
|
|
|
|
Gills Point S (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.50% |
|
|
9.98 |
% |
|
5/17/2029 |
|
$ |
|
1,966 |
|
|
|
1,902 |
|
|
|
1,966 |
|
|
|
|
Gills Point S (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.95 |
% |
|
5/17/2029 |
|
$ |
|
3,698 |
|
|
|
3,671 |
|
|
|
3,698 |
|
|
|
|
Gills Point S (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
10.03 |
% |
|
5/17/2029 |
|
$ |
|
7,384 |
|
|
|
7,376 |
|
|
|
7,384 |
|
|
|
|
Gills Point S (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.87 |
% |
|
5/17/2029 |
|
$ |
|
12,505 |
|
|
|
12,505 |
|
|
|
12,505 |
|
|
|
|
Gills Point S (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.86 |
% |
|
5/17/2029 |
|
$ |
|
1,251 |
|
|
|
1,235 |
|
|
|
1,251 |
|
|
|
|
Gills Point S (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
215 |
|
|
|
240 |
|
|
|
|
Intoxalock (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.10% |
|
|
9.46 |
% |
|
11/1/2028 |
|
$ |
|
12,005 |
|
|
|
11,918 |
|
|
|
12,005 |
|
|
|
|
Intoxalock (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/1/2028 |
|
$ |
|
— |
|
|
|
(22 |
) |
|
|
— |
|
|
|
|
JHCC Holdings, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
9/9/2027 |
|
$ |
|
11,922 |
|
|
|
11,851 |
|
|
|
11,922 |
|
|
|
|
JHCC Holdings, LLC (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
P |
|
4.25% |
|
|
11.75 |
% |
|
9/9/2027 |
|
$ |
|
1,417 |
|
|
|
1,386 |
|
|
|
1,417 |
|
|
|
|
Automotive Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
94,811 |
|
|
$ |
94,323 |
|
|
|
8.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking, Finance, Insurance & Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic Merchant Systems (2)(3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/1/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
(34 |
) |
|
|
|
Electronic Merchant Systems (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.33 |
% |
|
8/1/2030 |
|
$ |
|
14,633 |
|
|
|
14,388 |
|
|
|
14,377 |
|
|
|
|
Electronic Merchant Systems (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
148 |
|
|
|
1,596 |
|
|
|
1,603 |
|
|
|
|
Morrow Sodali (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.73% |
|
|
10.09 |
% |
|
4/25/2028 |
|
$ |
|
2,599 |
|
|
|
2,587 |
|
|
|
2,599 |
|
|
|
|
Morrow Sodali (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.10% |
|
|
9.46 |
% |
|
4/25/2028 |
|
$ |
|
1,292 |
|
|
|
1,274 |
|
|
|
1,292 |
|
|
|
|
Sikich (19)(25)(26) |
|
Preferred Equity |
|
— |
|
13.00% PIK |
|
|
13.00 |
% |
|
— |
|
|
|
32 |
|
|
|
3,200 |
|
|
|
3,185 |
|
|
|
|
Sikich (14)(19)(25) |
|
Warrants |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
140 |
|
|
|
|
Sikich (14)(19)(25) |
|
Warrants |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
5 |
|
|
|
— |
|
|
|
488 |
|
|
|
|
Banking, Finance, Insurance & Real Estate Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
23,045 |
|
|
$ |
23,650 |
|
|
|
2.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beverage, Food & Tobacco |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AgroFresh Solutions (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.35% |
|
|
10.71 |
% |
|
3/31/2029 |
|
$ |
|
14,942 |
|
|
|
14,698 |
|
|
|
14,942 |
|
|
|
|
AgroFresh Solutions (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.35% |
|
|
10.71 |
% |
|
3/31/2028 |
|
$ |
|
4,764 |
|
|
|
4,690 |
|
|
|
4,764 |
|
|
|
|
AgroFresh Solutions (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.35% |
|
|
10.71 |
% |
|
3/31/2029 |
|
$ |
|
6,153 |
|
|
|
6,016 |
|
|
|
6,153 |
|
|
|
|
Arctic Glacier U.S.A., Inc. (19)(26)(31) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.76% (4.00% PIK) |
|
|
15.09 |
% |
|
5/24/2028 |
|
$ |
|
12,425 |
|
|
|
12,240 |
|
|
|
11,865 |
|
|
|
|
Arctic Glacier U.S.A., Inc. (2)(3)(5)(19)(26)(31) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.76% (4.00% PIK) |
|
|
15.09 |
% |
|
5/24/2028 |
|
$ |
|
12 |
|
|
|
(20 |
) |
|
|
(76 |
) |
|
|
|
BCSF Project Aberdeen, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,217 |
|
|
|
2,217 |
|
|
|
2,217 |
|
|
|
|
Hellers (6)(19)(26) |
|
Subordinated Debt |
|
— |
|
15.00% PIK |
|
|
15.00 |
% |
|
3/27/2031 |
|
NZ$ |
|
458 |
|
|
|
282 |
|
|
|
248 |
|
|
|
|
Hellers (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
BBSY |
|
3.50% (2.25% PIK) |
|
|
10.65 |
% |
|
9/27/2030 |
|
AUD |
|
1,781 |
|
|
|
1,235 |
|
|
|
1,068 |
|
|
|
|
Hellers (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
BKBM |
|
3.94% (2.25% PIK) |
|
|
10.40 |
% |
|
9/27/2030 |
|
NZ$ |
|
3,962 |
|
|
|
2,413 |
|
|
|
2,149 |
|
|
|
|
Hellers (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/27/2030 |
|
NZ$ |
|
— |
|
|
|
(15 |
) |
|
|
(14 |
) |
|
|
|
NPC International, Inc. (14)(19)(25)(27) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
274 |
|
|
|
410 |
|
|
|
34 |
|
|
|
|
PPX (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
33 |
|
|
|
— |
|
|
|
— |
|
|
|
|
PPX (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
33 |
|
|
|
5,000 |
|
|
|
5,000 |
|
|
|
|
Beverage, Food & Tobacco Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
49,166 |
|
|
$ |
48,350 |
|
|
|
4.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AXH Air Coolers (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
10/31/2029 |
|
$ |
|
— |
|
|
|
(59 |
) |
|
|
— |
|
|
|
|
AXH Air Coolers (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/31/2029 |
|
$ |
|
— |
|
|
|
(44 |
) |
|
|
— |
|
|
|
|
AXH Air Coolers (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
10/31/2029 |
|
$ |
|
— |
|
|
|
(33 |
) |
|
|
— |
|
|
|
|
AXH Air Coolers (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.93 |
% |
|
10/31/2029 |
|
$ |
|
7,400 |
|
|
|
7,337 |
|
|
|
7,400 |
|
|
|
|
AXH Air Coolers (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,417 |
|
|
|
3,417 |
|
|
|
7,913 |
|
|
|
|
AXH Air Coolers (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.84 |
% |
|
10/31/2029 |
|
$ |
|
16,562 |
|
|
|
16,438 |
|
|
|
16,562 |
|
|
|
|
DiversiTech (17) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
3.76% |
|
|
8.09 |
% |
|
12/22/2028 |
|
$ |
|
1 |
|
|
|
1 |
|
|
|
1 |
|
|
|
|
East BCC Coinvest II, LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,419 |
|
|
|
1,419 |
|
|
|
463 |
|
|
|
|
Ergotron Acquisition LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.61 |
% |
|
7/6/2028 |
|
$ |
|
10,994 |
|
|
|
10,845 |
|
|
|
10,994 |
|
|
|
|
FCG Acquisitions, Inc. (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
|
Jonathan Acquisition Company (18)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
9.10% |
|
|
13.43 |
% |
|
12/22/2027 |
|
$ |
|
8,000 |
|
|
|
7,892 |
|
|
|
8,000 |
|
|
|
|
TCFIII Owl Finance, LLC (19)(26) |
|
Subordinated Debt |
|
— |
|
12.00% PIK |
|
|
12.00 |
% |
|
1/30/2027 |
|
$ |
|
6,167 |
|
|
|
6,134 |
|
|
|
6,167 |
|
|
|
|
Capital Equipment Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
53,347 |
|
|
$ |
57,500 |
|
|
|
5.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals, Plastics & Rubber |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AP Plastics Group, LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.85% |
|
|
9.40 |
% |
|
8/10/2028 |
|
$ |
|
7,138 |
|
|
|
6,990 |
|
|
|
7,137 |
|
|
|
|
Aurora Plastics (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.85% |
|
|
9.40 |
% |
|
8/10/2028 |
|
$ |
|
2,193 |
|
|
|
2,171 |
|
|
|
2,193 |
|
|
|
|
Duraco (3)(19)(32) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.50% |
|
|
10.83 |
% |
|
6/6/2029 |
|
$ |
|
398 |
|
|
|
371 |
|
|
|
358 |
|
|
|
|
Duraco (19)(29)(32) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.94 |
% |
|
6/6/2029 |
|
$ |
|
11,733 |
|
|
|
11,566 |
|
|
|
11,498 |
|
|
|
|
V Global Holdings LLC (16)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.75% |
|
|
8.78 |
% |
|
12/22/2027 |
|
€ |
|
98 |
|
|
|
102 |
|
|
|
96 |
|
|
|
|
V Global Holdings LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.90% |
|
|
10.42 |
% |
|
12/22/2027 |
|
$ |
|
5,744 |
|
|
|
5,682 |
|
|
|
5,557 |
|
|
|
|
V Global Holdings LLC (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.85% |
|
|
10.15 |
% |
|
12/22/2025 |
|
$ |
|
5,661 |
|
|
|
5,615 |
|
|
|
5,346 |
|
|
|
|
Chemicals, Plastics & Rubber Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
32,497 |
|
|
$ |
32,185 |
|
|
|
2.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Building |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chase Industries, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.65% (1.50% PIK) |
|
|
11.48 |
% |
|
5/12/2025 |
|
$ |
|
27,374 |
|
|
|
26,762 |
|
|
|
26,074 |
|
|
|
|
Chase Industries, Inc. (15)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.65% (1.50% PIK) |
|
|
11.48 |
% |
|
5/12/2025 |
|
$ |
|
2,683 |
|
|
|
2,622 |
|
|
|
2,556 |
|
|
|
|
Chase Industries, Inc. (3)(15)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.65% (1.50% PIK) |
|
|
11.48 |
% |
|
5/12/2025 |
|
$ |
|
909 |
|
|
|
849 |
|
|
|
828 |
|
|
|
|
Elk Parent Holdings, LP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
12 |
|
|
|
1,761 |
|
|
|
|
Elk Parent Holdings, LP (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
120 |
|
|
|
1,202 |
|
|
|
1,811 |
|
|
|
|
Service Master (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.22 |
% |
|
8/16/2027 |
|
$ |
|
1,574 |
|
|
|
1,562 |
|
|
|
1,574 |
|
|
|
|
Service Master (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Service Master (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
169 |
|
|
|
228 |
|
|
|
|
Service Master (18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.22 |
% |
|
8/16/2027 |
|
$ |
|
921 |
|
|
|
913 |
|
|
|
921 |
|
|
|
|
Service Master (18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.22 |
% |
|
8/16/2027 |
|
$ |
|
3,167 |
|
|
|
3,167 |
|
|
|
3,167 |
|
|
|
|
Service Master (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.86% (1.00% PIK) |
|
|
11.22 |
% |
|
8/16/2027 |
|
$ |
|
7,589 |
|
|
|
7,523 |
|
|
|
7,589 |
|
|
|
|
Service Master (3)(18)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.01% (1.00% PIK) |
|
|
11.34 |
% |
|
8/16/2027 |
|
$ |
|
16,288 |
|
|
|
16,206 |
|
|
|
16,288 |
|
|
|
|
Zeus Fire & Security (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/11/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Zeus Fire & Security (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/11/2030 |
|
$ |
|
— |
|
|
|
(20 |
) |
|
|
(20 |
) |
|
|
|
Zeus Fire & Security (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.45 |
% |
|
12/11/2030 |
|
$ |
|
32,954 |
|
|
|
32,707 |
|
|
|
32,706 |
|
|
|
|
Construction & Building Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
93,674 |
|
|
$ |
95,483 |
|
|
|
8.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.93 |
% |
|
6/6/2026 |
|
$ |
|
11,209 |
|
|
|
10,999 |
|
|
|
11,209 |
|
|
|
|
Stanton Carpet (15)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
9.15% |
|
|
13.74 |
% |
|
3/31/2028 |
|
$ |
|
11,434 |
|
|
|
11,284 |
|
|
|
11,434 |
|
|
|
|
Tangent Technologies Acquisition, LLC (15)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
8.90% |
|
|
13.39 |
% |
|
5/30/2028 |
|
$ |
|
8,915 |
|
|
|
8,802 |
|
|
|
8,915 |
|
|
|
|
TLC Holdco LP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,281 |
|
|
|
1,221 |
|
|
|
1,603 |
|
|
|
|
TLC Purchaser, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.76% |
|
|
10.11 |
% |
|
10/11/2027 |
|
$ |
|
13,162 |
|
|
|
12,881 |
|
|
|
13,162 |
|
|
|
|
TLC Purchaser, Inc. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/11/2027 |
|
$ |
|
— |
|
|
|
(40 |
) |
|
|
— |
|
|
|
|
Consumer Goods: Durable Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
45,147 |
|
|
$ |
46,323 |
|
|
|
4.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Goods: Non-Durable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Evriholder (19)(29)(32) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.90% |
|
|
11.23 |
% |
|
1/24/2028 |
|
$ |
|
6,055 |
|
|
|
6,006 |
|
|
|
6,025 |
|
|
|
|
Fineline Technologies, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
939 |
|
|
|
939 |
|
|
|
1,288 |
|
|
|
|
Hempz (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/25/2029 |
|
$ |
|
— |
|
|
|
(15 |
) |
|
|
(16 |
) |
|
|
|
Hempz (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
10/25/2029 |
|
$ |
|
6,816 |
|
|
|
6,757 |
|
|
|
6,756 |
|
|
|
|
RoC Skincare (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.00% |
|
|
10.52 |
% |
|
2/21/2031 |
|
$ |
|
9,925 |
|
|
|
9,791 |
|
|
|
9,925 |
|
|
|
|
RoC Skincare (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
2/21/2030 |
|
$ |
|
— |
|
|
|
(25 |
) |
|
|
— |
|
|
|
|
Solaray, LLC (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.85% |
|
|
11.21 |
% |
|
12/15/2025 |
|
$ |
|
13,135 |
|
|
|
13,124 |
|
|
|
12,807 |
|
|
|
|
Solaray, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.85% |
|
|
11.21 |
% |
|
12/15/2025 |
|
$ |
|
28,521 |
|
|
|
28,521 |
|
|
|
27,808 |
|
|
|
|
Solaray, LLC (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.60% |
|
|
9.96 |
% |
|
12/15/2025 |
|
$ |
|
9,219 |
|
|
|
9,209 |
|
|
|
9,219 |
|
|
|
|
WU Holdco, Inc. (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.33 |
% |
|
3/26/2027 |
|
$ |
|
1,661 |
|
|
|
1,646 |
|
|
|
1,661 |
|
|
|
|
WU Holdco, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.33 |
% |
|
3/26/2027 |
|
$ |
|
36,897 |
|
|
|
36,719 |
|
|
|
36,897 |
|
|
|
|
WU Holdco, Inc. (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.00% |
|
|
9.33 |
% |
|
3/26/2027 |
|
$ |
|
1,932 |
|
|
|
1,930 |
|
|
|
1,932 |
|
|
|
|
Consumer Goods: Non-Durable Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
114,602 |
|
|
$ |
114,302 |
|
|
|
10.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Goods: Wholesale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WSP (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
1.15% (4.00% PIK) |
|
|
9.74 |
% |
|
4/27/2028 |
|
$ |
|
3,162 |
|
|
|
3,156 |
|
|
|
2,538 |
|
|
|
|
WSP (7)(14)(19)(26) |
|
First Lien Senior Secured Loan |
|
— |
|
8.00% PIK |
|
|
8.00 |
% |
|
4/27/2028 |
|
$ |
|
2,044 |
|
|
|
1,995 |
|
|
|
235 |
|
|
|
|
WSP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
2 |
|
|
|
|
WSP (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
— |
|
|
|
216 |
|
|
|
— |
|
|
|
|
WSP (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,898 |
|
|
|
2,898 |
|
|
|
— |
|
|
|
|
WSP (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/27/2028 |
|
$ |
|
— |
|
|
|
(2 |
) |
|
|
(40 |
) |
|
|
|
Consumer Goods: Wholesale Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,275 |
|
|
$ |
2,735 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Containers, Packaging & Glass |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASP-r-pac Acquisition Co LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.26% |
|
|
10.85 |
% |
|
12/29/2027 |
|
$ |
|
5,784 |
|
|
|
5,668 |
|
|
|
5,784 |
|
|
|
|
ASP-r-pac Acquisition Co LLC (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.11% |
|
|
10.47 |
% |
|
12/29/2027 |
|
$ |
|
696 |
|
|
|
653 |
|
|
|
696 |
|
|
|
|
Containers, Packaging & Glass Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,321 |
|
|
$ |
6,480 |
|
|
|
0.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energy: Electricity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WCI Gigawatt Purchaser (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.01% |
|
|
10.53 |
% |
|
11/19/2027 |
|
$ |
|
1,412 |
|
|
|
1,395 |
|
|
|
1,398 |
|
|
|
|
WCI Gigawatt Purchaser (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.86% |
|
|
10.22 |
% |
|
11/19/2027 |
|
$ |
|
1,365 |
|
|
|
1,330 |
|
|
|
1,314 |
|
|
|
|
Energy: Electricity Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,725 |
|
|
$ |
2,712 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
6.25% |
|
|
10.95 |
% |
|
7/12/2029 |
|
£ |
|
68 |
|
|
|
83 |
|
|
|
85 |
|
|
|
|
Reconomy (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.00% |
|
|
8.68 |
% |
|
7/12/2029 |
|
€ |
|
27 |
|
|
|
28 |
|
|
|
28 |
|
|
|
|
Reconomy (3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
7/12/2029 |
|
£ |
|
— |
|
|
|
(76 |
) |
|
|
— |
|
|
|
|
Titan Cloud Software, Inc (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,532 |
|
|
|
3,532 |
|
|
|
5,184 |
|
|
|
|
Titan Cloud Software, Inc (18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
2.00% (4.60% PIK) |
|
|
11.03 |
% |
|
9/7/2029 |
|
$ |
|
26,640 |
|
|
|
26,460 |
|
|
|
26,640 |
|
|
|
|
Titan Cloud Software, Inc (3)(18)(19)(26) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
2.00% (4.60% PIK) |
|
|
11.03 |
% |
|
9/7/2028 |
|
$ |
|
1,866 |
|
|
|
1,831 |
|
|
|
1,866 |
|
|
|
|
Titan Cloud Software, Inc (18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
2.00% (4.60% PIK) |
|
|
10.95 |
% |
|
9/7/2029 |
|
$ |
|
11,960 |
|
|
|
11,887 |
|
|
|
11,960 |
|
|
|
|
Environmental Industries Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
43,745 |
|
|
$ |
45,763 |
|
|
|
4.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIRE: Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allworth (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.36 |
% |
|
12/23/2027 |
|
$ |
|
161 |
|
|
|
121 |
|
|
|
161 |
|
|
|
|
Allworth Financial Group, L.P. (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.36 |
% |
|
12/23/2027 |
|
$ |
|
856 |
|
|
|
848 |
|
|
|
856 |
|
|
|
|
Allworth Financial Group, L.P. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.36 |
% |
|
12/23/2027 |
|
$ |
|
1,474 |
|
|
|
1,464 |
|
|
|
1,474 |
|
|
|
|
Allworth Financial Group, L.P. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/23/2027 |
|
$ |
|
— |
|
|
|
(9 |
) |
|
|
— |
|
|
|
|
Choreo (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
2/18/2028 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Congress Wealth (3)(18)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
6/30/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Congress Wealth (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.60% |
|
|
9.93 |
% |
|
6/30/2029 |
|
$ |
|
317 |
|
|
|
314 |
|
|
|
317 |
|
|
|
|
Congress Wealth (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/30/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Congress Wealth (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
16 |
|
|
|
323 |
|
|
|
534 |
|
|
|
|
Insigneo Financial Group LLC (19)(26) |
|
First Lien Senior Secured Loan |
|
— |
|
10.00% PIK |
|
|
10.00 |
% |
|
8/1/2027 |
|
$ |
|
2,020 |
|
|
|
2,035 |
|
|
|
2,020 |
|
|
|
|
Insigneo Financial Group LLC (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
534 |
|
|
|
535 |
|
|
|
2,419 |
|
|
|
|
Insigneo Financial Group LLC (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.60% |
|
|
11.02 |
% |
|
8/1/2028 |
|
$ |
|
267 |
|
|
|
261 |
|
|
|
267 |
|
|
|
|
Lagerbox (3)(6)(18)(19) |
|
First Lien Senior Secured Loan |
|
— |
|
— |
|
— |
|
|
12/20/2028 |
|
€ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Parmenion (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.50% |
|
|
10.20 |
% |
|
5/11/2029 |
|
£ |
|
295 |
|
|
|
369 |
|
|
|
370 |
|
|
|
|
PMA (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
1/31/2031 |
|
$ |
|
— |
|
|
|
(18 |
) |
|
|
(18 |
) |
|
|
|
PMA (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
1/31/2031 |
|
$ |
|
58 |
|
|
|
57 |
|
|
|
57 |
|
|
|
|
TA/Weg Holdings (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.50 |
% |
|
10/2/2028 |
|
$ |
|
9,209 |
|
|
|
9,209 |
|
|
|
9,209 |
|
|
|
|
TA/Weg Holdings (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.50 |
% |
|
10/2/2028 |
|
$ |
|
2,325 |
|
|
|
2,320 |
|
|
|
2,325 |
|
|
|
|
Wealth Enhancement Group (WEG) (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
10/4/2028 |
|
$ |
|
— |
|
|
|
(36 |
) |
|
|
— |
|
|
|
|
Wealth Enhancement Group (WEG) (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.00% |
|
|
9.31 |
% |
|
10/2/2028 |
|
$ |
|
5,972 |
|
|
|
5,891 |
|
|
|
5,972 |
|
|
|
|
Wealth Enhancement Group (WEG) (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/2/2028 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
— |
|
|
|
|
FIRE: Finance Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
23,672 |
|
|
$ |
25,963 |
|
|
|
2.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Margaux Acquisition Inc. (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.65% |
|
|
9.96 |
% |
|
12/19/2025 |
|
$ |
|
11,919 |
|
|
|
11,874 |
|
|
|
11,919 |
|
|
|
|
Margaux Acquisition Inc. (16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.60% |
|
|
10.15 |
% |
|
12/19/2025 |
|
$ |
|
2,872 |
|
|
|
2,870 |
|
|
|
2,872 |
|
|
|
|
Margaux UK Finance Limited (6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SONIA |
|
5.50% |
|
|
10.32 |
% |
|
12/19/2025 |
|
£ |
|
499 |
|
|
|
657 |
|
|
|
625 |
|
|
|
|
McLarens Acquisition Inc. (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.65% |
|
|
10.00 |
% |
|
12/16/2025 |
|
$ |
|
750 |
|
|
|
747 |
|
|
|
750 |
|
|
|
|
MRHT (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
6.25% |
|
|
9.13 |
% |
|
2/1/2029 |
|
€ |
|
5,765 |
|
|
|
6,121 |
|
|
|
5,966 |
|
|
|
|
MRHT (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.50% |
|
|
9.53 |
% |
|
2/1/2029 |
|
€ |
|
956 |
|
|
|
1,020 |
|
|
|
990 |
|
|
|
|
PCF (3)(16)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.50% |
|
|
9.83 |
% |
|
11/1/2028 |
|
$ |
|
9,232 |
|
|
|
9,194 |
|
|
|
9,231 |
|
|
|
|
Simplicity (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/31/2031 |
|
$ |
|
— |
|
|
|
(43 |
) |
|
|
(43 |
) |
|
|
|
Simplicity (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/31/2031 |
|
$ |
|
— |
|
|
|
(43 |
) |
|
|
(43 |
) |
|
|
|
Simplicity (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.28 |
% |
|
12/31/2031 |
|
$ |
|
35,437 |
|
|
|
35,082 |
|
|
|
35,082 |
|
|
|
|
FIRE: Insurance Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
67,479 |
|
|
$ |
67,349 |
|
|
|
5.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare & Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AEG Vision (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
10.23 |
% |
|
3/27/2027 |
|
$ |
|
4,200 |
|
|
|
3,609 |
|
|
|
4,200 |
|
|
|
|
AEG Vision (18)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
10.23 |
% |
|
3/27/2026 |
|
$ |
|
16,350 |
|
|
|
16,184 |
|
|
|
16,350 |
|
|
|
|
AEG Vision (3)(18)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
10.23 |
% |
|
3/27/2026 |
|
$ |
|
10,545 |
|
|
|
10,367 |
|
|
|
10,545 |
|
|
|
|
AEG Vision (18)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.90% |
|
|
10.23 |
% |
|
3/27/2026 |
|
$ |
|
2,059 |
|
|
|
2,037 |
|
|
|
2,059 |
|
|
|
|
Apollo Intelligence (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
34 |
|
|
|
3,378 |
|
|
|
3,191 |
|
|
|
|
Apollo Intelligence (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.75% |
|
|
10.27 |
% |
|
5/31/2028 |
|
$ |
|
15,078 |
|
|
|
15,198 |
|
|
|
15,078 |
|
|
|
|
Apollo Intelligence (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.75% |
|
|
10.07 |
% |
|
5/31/2028 |
|
$ |
|
5,208 |
|
|
|
5,167 |
|
|
|
5,208 |
|
|
|
|
Apollo Intelligence (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
5/31/2028 |
|
$ |
|
— |
|
|
|
(55 |
) |
|
|
— |
|
|
|
|
Beacon Specialized Living (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/25/2028 |
|
$ |
|
— |
|
|
|
(117 |
) |
|
|
— |
|
|
|
|
Beacon Specialized Living (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.83 |
% |
|
3/25/2028 |
|
$ |
|
8,610 |
|
|
|
8,530 |
|
|
|
8,610 |
|
|
|
|
Beacon Specialized Living (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/25/2028 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
CB Titan Holdings, Inc. (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,953 |
|
|
|
1,953 |
|
|
|
— |
|
|
|
|
EHE Health (2)(3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/7/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
(34 |
) |
|
|
|
EHE Health (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.50% |
|
|
9.83 |
% |
|
8/7/2030 |
|
$ |
|
10,869 |
|
|
|
10,764 |
|
|
|
10,760 |
|
|
|
|
EHE Health (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,178 |
|
|
|
2,178 |
|
|
|
2,178 |
|
|
|
|
Great Expressions Dental Center PC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
1.15% (3.00% PIK) |
|
|
8.48 |
% |
|
9/30/2026 |
|
$ |
|
9,814 |
|
|
|
9,828 |
|
|
|
8,637 |
|
|
|
|
HealthDrive (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.10% |
|
|
10.46 |
% |
|
8/20/2029 |
|
$ |
|
1,908 |
|
|
|
1,908 |
|
|
|
1,908 |
|
|
|
|
HealthDrive (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.10% |
|
|
10.46 |
% |
|
8/20/2029 |
|
$ |
|
271 |
|
|
|
271 |
|
|
|
271 |
|
|
|
|
HealthDrive (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.10% |
|
|
10.46 |
% |
|
8/20/2029 |
|
$ |
|
607 |
|
|
|
600 |
|
|
|
607 |
|
|
|
|
HealthDrive (3)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
8/20/2029 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
HealthDrive (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
18 |
|
|
|
1,822 |
|
|
|
1,860 |
|
|
|
|
Masco (6)(18)(19)(26) |
|
Subordinated Debt |
|
EURIBOR |
|
10.00% PIK |
|
|
13.25 |
% |
|
10/4/2032 |
|
€ |
|
5,000 |
|
|
|
5,350 |
|
|
|
5,097 |
|
|
|
|
Mertus 522. GmbH (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% (0.75% PIK) |
|
|
9.69 |
% |
|
5/28/2026 |
|
€ |
|
227 |
|
|
|
252 |
|
|
|
227 |
|
|
|
|
Mertus 522. GmbH (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% (0.75% PIK) |
|
|
9.65 |
% |
|
5/28/2026 |
|
€ |
|
133 |
|
|
|
145 |
|
|
|
132 |
|
|
|
|
Nafinco (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
8/29/2031 |
|
€ |
|
— |
|
|
|
(25 |
) |
|
|
(50 |
) |
|
|
|
Nafinco (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.25% |
|
|
7.97 |
% |
|
8/29/2031 |
|
€ |
|
52 |
|
|
|
56 |
|
|
|
53 |
|
|
|
|
Nafinco (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
EURIBOR |
|
5.25% |
|
|
8.02 |
% |
|
5/30/2031 |
|
€ |
|
215 |
|
|
|
220 |
|
|
|
210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 Continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Odyssey Behavioral Health (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
11/21/2030 |
|
$ |
|
— |
|
|
|
(89 |
) |
|
|
(91 |
) |
|
|
|
Odyssey Behavioral Health (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.77 |
% |
|
11/21/2030 |
|
$ |
|
37,128 |
|
|
|
36,668 |
|
|
|
36,664 |
|
|
|
|
Odyssey Behavioral Health (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
22 |
|
|
|
2,234 |
|
|
|
2,234 |
|
|
|
|
Pharmacy Partners (19)(32) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
11.01 |
% |
|
2/28/2029 |
|
$ |
|
1,690 |
|
|
|
1,672 |
|
|
|
1,690 |
|
|
|
|
Pharmacy Partners (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
2/28/2029 |
|
$ |
|
— |
|
|
|
(57 |
) |
|
|
— |
|
|
|
|
Premier Imaging, LLC (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.26% |
|
|
10.59 |
% |
|
3/31/2026 |
|
$ |
|
7,926 |
|
|
|
7,925 |
|
|
|
7,133 |
|
|
|
|
Premier Imaging, LLC (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.26% |
|
|
10.59 |
% |
|
3/31/2026 |
|
$ |
|
2,137 |
|
|
|
2,137 |
|
|
|
1,924 |
|
|
|
|
Red Nucleus (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
10/17/2031 |
|
$ |
|
— |
|
|
|
(25 |
) |
|
|
(25 |
) |
|
|
|
Red Nucleus (3)(16)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
10/17/2031 |
|
$ |
|
418 |
|
|
|
385 |
|
|
|
384 |
|
|
|
|
Red Nucleus (16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
10/17/2031 |
|
$ |
|
4,414 |
|
|
|
4,359 |
|
|
|
4,359 |
|
|
|
|
SunMed Group Holdings, LLC (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.60% |
|
|
10.19 |
% |
|
6/16/2028 |
|
$ |
|
8,518 |
|
|
|
8,430 |
|
|
|
8,518 |
|
|
|
|
Sunmed Group Holdings, LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/16/2027 |
|
$ |
|
— |
|
|
|
(6 |
) |
|
|
— |
|
|
|
|
Healthcare & Pharmaceuticals Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
163,253 |
|
|
$ |
159,887 |
|
|
|
14.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
High Tech Industries |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Access (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
5.25% |
|
|
9.95 |
% |
|
6/28/2029 |
|
£ |
|
80 |
|
|
|
99 |
|
|
|
100 |
|
|
|
|
Applitools (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
5/25/2028 |
|
$ |
|
— |
|
|
|
(19 |
) |
|
|
(51 |
) |
|
|
|
Applitools (6)(16)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.25% PIK |
|
|
10.58 |
% |
|
5/25/2029 |
|
$ |
|
19,490 |
|
|
|
19,382 |
|
|
|
19,197 |
|
|
|
|
Appriss Holdings, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2,136 |
|
|
|
1,606 |
|
|
|
1,788 |
|
|
|
|
Appriss Holdings, Inc. (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.25% |
|
|
12.08 |
% |
|
5/6/2027 |
|
$ |
|
11,038 |
|
|
|
10,933 |
|
|
|
11,038 |
|
|
|
|
Appriss Holdings, Inc. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
5/6/2027 |
|
$ |
|
— |
|
|
|
(6 |
) |
|
|
— |
|
|
|
|
AQ Software Corporation (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
1,107 |
|
|
|
1,073 |
|
|
|
|
AQ Software Corporation (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
1,844 |
|
|
|
1,787 |
|
|
|
|
AQ Software Corporation (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
507 |
|
|
|
491 |
|
|
|
|
Black Mountain (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
10/7/2030 |
|
$ |
|
— |
|
|
|
(52 |
) |
|
|
(59 |
) |
|
|
|
Black Mountain (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/7/2030 |
|
$ |
|
— |
|
|
|
(35 |
) |
|
|
(39 |
) |
|
|
|
Black Mountain (18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.00% |
|
|
9.33 |
% |
|
10/7/2030 |
|
$ |
|
13,420 |
|
|
|
13,322 |
|
|
|
13,319 |
|
|
|
|
Chartbeat (19)(25)(26) |
|
Preferred Equity |
|
— |
|
14.00% PIK |
|
|
14.00 |
% |
|
10/4/2030 |
|
|
|
5,171 |
|
|
|
5,074 |
|
|
|
5,068 |
|
|
|
|
Cloud Technology Solutions (CTS) (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
7.00% |
|
|
11.70 |
% |
|
10/17/2031 |
|
£ |
|
2,000 |
|
|
|
2,537 |
|
|
|
2,491 |
|
|
|
|
Cloud Technology Solutions (CTS) (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
4,408 |
|
|
|
5,360 |
|
|
|
5,233 |
|
|
|
|
Eagle Rock Capital Corporation (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
3,345 |
|
|
|
3,345 |
|
|
|
5,470 |
|
|
|
|
Element Buyer, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.85% |
|
|
10.21 |
% |
|
7/19/2026 |
|
$ |
|
10,989 |
|
|
|
10,996 |
|
|
|
10,989 |
|
|
|
|
Element Buyer, Inc. (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/19/2026 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
— |
|
|
|
|
Eleven Software (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
109 |
|
|
|
109 |
|
|
|
129 |
|
|
|
|
Eleven Software (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
896 |
|
|
|
896 |
|
|
|
1,067 |
|
|
|
|
Eleven Software (18)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
8.25% |
|
|
12.58 |
% |
|
4/25/2027 |
|
$ |
|
7,439 |
|
|
|
7,396 |
|
|
|
7,439 |
|
|
|
|
Eleven Software (18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
8.10% |
|
|
12.46 |
% |
|
9/25/2026 |
|
$ |
|
1,488 |
|
|
|
1,482 |
|
|
|
1,488 |
|
|
|
|
LogRhythm (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
7/2/2029 |
|
$ |
|
— |
|
|
|
(11 |
) |
|
|
(25 |
) |
|
|
|
NearMap (3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/9/2029 |
|
$ |
|
— |
|
|
|
(64 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
High Tech Industries Continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PayRange (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
4,527 |
|
|
|
4,527 |
|
|
|
4,527 |
|
|
|
|
PayRange (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/31/2030 |
|
$ |
|
— |
|
|
|
(40 |
) |
|
|
(41 |
) |
|
|
|
PayRange (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.61 |
% |
|
10/31/2030 |
|
$ |
|
7,150 |
|
|
|
7,080 |
|
|
|
7,079 |
|
|
|
|
RetailNext (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
12/5/2030 |
|
$ |
|
— |
|
|
|
(31 |
) |
|
|
(31 |
) |
|
|
|
RetailNext (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.00% |
|
|
11.47 |
% |
|
12/5/2030 |
|
$ |
|
17,007 |
|
|
|
16,841 |
|
|
|
16,837 |
|
|
|
|
Revalize, Inc. (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1 |
|
|
|
1,431 |
|
|
|
1,401 |
|
|
|
|
Revalize, Inc. (15)(19)(29) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
10.49 |
% |
|
4/15/2027 |
|
$ |
|
5,250 |
|
|
|
5,223 |
|
|
|
5,040 |
|
|
|
|
Revalize, Inc. (15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.90% |
|
|
10.49 |
% |
|
4/15/2027 |
|
$ |
|
1,969 |
|
|
|
1,959 |
|
|
|
1,890 |
|
|
|
|
Revalize, Inc. (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.85% |
|
|
10.21 |
% |
|
4/15/2027 |
|
$ |
|
972 |
|
|
|
966 |
|
|
|
918 |
|
|
|
|
SAM (19)(26) |
|
First Lien Senior Secured Loan |
|
— |
|
13.50% PIK |
|
|
13.50 |
% |
|
5/9/2028 |
|
$ |
|
38,517 |
|
|
|
38,335 |
|
|
|
38,517 |
|
|
|
|
SensorTower (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
156 |
|
|
|
2,400 |
|
|
|
5,772 |
|
|
|
|
SensorTower (19)(29)(31) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.50% |
|
|
11.85 |
% |
|
3/15/2029 |
|
$ |
|
24,007 |
|
|
|
23,690 |
|
|
|
24,007 |
|
|
|
|
SensorTower (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/15/2029 |
|
$ |
|
— |
|
|
|
(13 |
) |
|
|
— |
|
|
|
|
Superna Inc. (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
3/6/2028 |
|
$ |
|
— |
|
|
|
(14 |
) |
|
|
(26 |
) |
|
|
|
Superna Inc. (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
3/6/2028 |
|
$ |
|
— |
|
|
|
(14 |
) |
|
|
(26 |
) |
|
|
|
Superna Inc. (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
1,463 |
|
|
|
1,463 |
|
|
|
1,747 |
|
|
|
|
Superna Inc. (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.50% |
|
|
10.93 |
% |
|
3/6/2028 |
|
$ |
|
2,706 |
|
|
|
2,674 |
|
|
|
2,679 |
|
|
|
|
Utimaco (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,223 |
|
|
|
2,064 |
|
|
|
|
Utimaco (6)(14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
2 |
|
|
|
2,223 |
|
|
|
2,064 |
|
|
|
|
Utimaco (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% |
|
|
9.15 |
% |
|
5/14/2029 |
|
€ |
|
92 |
|
|
|
98 |
|
|
|
95 |
|
|
|
|
Utimaco (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.51% |
|
|
11.08 |
% |
|
5/14/2029 |
|
$ |
|
128 |
|
|
|
127 |
|
|
|
127 |
|
|
|
|
Utimaco (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.51% |
|
|
11.08 |
% |
|
5/14/2029 |
|
$ |
|
262 |
|
|
|
260 |
|
|
|
259 |
|
|
|
|
Ventiv Holdco, Inc. (14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
529 |
|
|
|
2,833 |
|
|
|
909 |
|
|
|
|
High Tech Industries Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
200,037 |
|
|
$ |
203,801 |
|
|
|
17.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel, Gaming & Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aimbridge Acquisition Co., Inc. (7)(18)(19) |
|
Second Lien Senior Secured Loan |
|
SOFR |
|
7.76% |
|
|
12.33 |
% |
|
2/1/2027 |
|
$ |
|
14,193 |
|
|
|
13,868 |
|
|
|
1,420 |
|
|
|
|
Awayday (3)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
9/6/2031 |
|
$ |
|
2,997 |
|
|
|
2,997 |
|
|
|
2,979 |
|
|
|
|
Awayday (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/6/2031 |
|
$ |
|
— |
|
|
|
(45 |
) |
|
|
(61 |
) |
|
|
|
Awayday (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
9/6/2030 |
|
$ |
|
493 |
|
|
|
477 |
|
|
|
485 |
|
|
|
|
Awayday (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.58 |
% |
|
9/6/2031 |
|
$ |
|
19,290 |
|
|
|
19,107 |
|
|
|
19,194 |
|
|
|
|
City BBQ (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
9/4/2030 |
|
$ |
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
|
City BBQ (15)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.45% |
|
|
9.87 |
% |
|
9/4/2030 |
|
$ |
|
15,341 |
|
|
|
15,214 |
|
|
|
15,341 |
|
|
|
|
City BBQ (14)(19)(25) |
|
Preferred Equity |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
5 |
|
|
|
1,271 |
|
|
|
1,313 |
|
|
|
|
City BBQ (3)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
9/4/2030 |
|
$ |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
Concert Golf Partners Holdco (16)(19)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.75% |
|
|
9.13 |
% |
|
4/1/2030 |
|
$ |
|
6,692 |
|
|
|
6,597 |
|
|
|
6,692 |
|
|
|
|
Concert Golf Partners Holdco LLC (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
4/2/2029 |
|
$ |
|
— |
|
|
|
(27 |
) |
|
|
— |
|
|
|
|
Pyramid Global Hospitality (19)(24)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.88 |
% |
|
1/19/2028 |
|
$ |
|
5,299 |
|
|
|
5,279 |
|
|
|
5,299 |
|
|
|
|
Pyramid Global Hospitality (19)(24)(29) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.88 |
% |
|
1/19/2028 |
|
$ |
|
9,825 |
|
|
|
9,628 |
|
|
|
9,825 |
|
|
|
|
Pyramid Global Hospitality (3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
1/19/2028 |
|
$ |
|
— |
|
|
|
(53 |
) |
|
|
— |
|
|
|
|
Pollo Tropical (2)(3)(5)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
10/23/2029 |
|
$ |
|
— |
|
|
|
(12 |
) |
|
|
(12 |
) |
|
|
|
Pollo Tropical (15)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.25% |
|
|
9.88 |
% |
|
10/23/2029 |
|
$ |
|
6,181 |
|
|
|
6,104 |
|
|
|
6,103 |
|
|
|
|
Hotel, Gaming & Leisure Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
80,366 |
|
|
$ |
68,578 |
|
|
|
6.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Advertising, Printing & Publishing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AdThrive (18) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
4.36% |
|
|
8.72 |
% |
|
3/23/2028 |
|
$ |
|
4,961 |
|
|
|
4,885 |
|
|
|
4,938 |
|
|
|
|
Facts Global Energy (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/20/2031 |
|
$ |
|
— |
|
|
|
(47 |
) |
|
|
(47 |
) |
|
|
|
Facts Global Energy (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/20/2031 |
|
$ |
|
— |
|
|
|
(31 |
) |
|
|
(31 |
) |
|
|
|
Facts Global Energy (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
— |
|
— |
|
— |
|
|
6/20/2031 |
|
$ |
|
— |
|
|
|
(16 |
) |
|
|
(16 |
) |
|
|
|
Facts Global Energy (2)(3)(5)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
— |
|
— |
|
|
12/20/2031 |
|
$ |
|
— |
|
|
|
(67 |
) |
|
|
(67 |
) |
|
|
|
Kpler (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
6.25% |
|
|
11.12 |
% |
|
3/3/2030 |
|
£ |
|
100 |
|
|
|
120 |
|
|
|
125 |
|
|
|
|
Kpler (6)(15)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
6.25% |
|
|
9.63 |
% |
|
3/3/2030 |
|
€ |
|
100 |
|
|
|
106 |
|
|
|
103 |
|
|
|
|
Kpler (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
EURIBOR |
|
6.25% |
|
|
9.63 |
% |
|
3/3/2030 |
|
€ |
|
100 |
|
|
|
106 |
|
|
|
103 |
|
|
|
|
OGH Bidco Limited (3)(6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
6.50% |
|
|
11.70 |
% |
|
6/29/2029 |
|
£ |
|
2,217 |
|
|
|
2,608 |
|
|
|
2,370 |
|
|
|
|
OGH Bidco Limited (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
SONIA |
|
6.50% |
|
|
11.70 |
% |
|
6/29/2029 |
|
£ |
|
139 |
|
|
|
164 |
|
|
|
165 |
|
|
|
|
TGI Sport Bidco Pty Ltd (6)(17)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SONIA |
|
6.12% |
|
|
10.82 |
% |
|
6/24/2029 |
|
£ |
|
69 |
|
|
|
88 |
|
|
|
87 |
|
|
|
|
TGI Sport Bidco Pty Ltd (6)(18)(19) |
|
First Lien Senior Secured Loan |
|
BBSY |
|
7.00% |
|
|
11.36 |
% |
|
4/30/2026 |
|
AUD |
|
98 |
|
|
|
76 |
|
|
|
61 |
|
|
|
|
TGI Sport Bidco Pty Ltd (6)(18)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
7.11% |
|
|
11.47 |
% |
|
4/30/2026 |
|
AUD |
|
4,187 |
|
|
|
2,866 |
|
|
|
2,866 |
|
|
|
|
Media: Advertising, Printing & Publishing Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,858 |
|
|
$ |
10,657 |
|
|
|
0.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Broadcasting & Subscription |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lightning Finco Limited (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
5.68% |
|
|
10.09 |
% |
|
8/31/2028 |
|
$ |
|
1,443 |
|
|
|
1,437 |
|
|
|
1,443 |
|
|
|
|
Lightning Finco Limited (6)(16)(19) |
|
First Lien Senior Secured Loan |
|
EURIBOR |
|
5.25% |
|
|
7.83 |
% |
|
8/31/2028 |
|
€ |
|
1,300 |
|
|
|
1,427 |
|
|
|
1,346 |
|
|
|
|
Media: Broadcasting & Subscription Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,864 |
|
|
$ |
2,789 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media: Diversified & Production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aptus 1724 Gmbh (6)(19)(21)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
6.15% (1.50% PIK) |
|
|
12.08 |
% |
|
2/23/2028 |
|
$ |
|
5,043 |
|
|
|
5,043 |
|
|
|
4,286 |
|
|
|
|
Efficient Collaborative Retail Marketing Company, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.76% (1.50% PIK) |
|
|
13.59 |
% |
|
12/31/2025 |
|
$ |
|
11,186 |
|
|
|
9,336 |
|
|
|
9,061 |
|
|
|
|
Efficient Collaborative Retail Marketing Company, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
7.76% (1.50% PIK) |
|
|
13.59 |
% |
|
12/31/2025 |
|
$ |
|
17,215 |
|
|
|
14,328 |
|
|
|
13,944 |
|
|
|
|
Efficient Collaborative Retail Marketing Company, LLC (3)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
SOFR |
|
6.76% |
|
|
11.09 |
% |
|
12/31/2025 |
|
$ |
|
1,244 |
|
|
|
1,244 |
|
|
|
1,244 |
|
|
|
|
Music Creation Group Bidco GmbH (6)(18)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
6.15% (1.50% PIK) |
|
|
12.08 |
% |
|
2/23/2028 |
|
$ |
|
4,108 |
|
|
|
4,047 |
|
|
|
3,492 |
|
|
|
|
Media: Diversified & Production Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
33,998 |
|
|
$ |
32,027 |
|
|
|
2.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Galeria (6)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
— |
|
15.00% PIK |
|
|
15.00 |
% |
|
4/9/2029 |
|
€ |
|
8,943 |
|
|
|
9,577 |
|
|
|
9,255 |
|
|
|
|
Galeria (6)(14)(19)(25) |
|
Equity Interest |
|
— |
|
— |
|
— |
|
|
— |
|
|
|
101 |
|
|
|
22 |
|
|
|
21 |
|
|
|
|
New Look Vision Group (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
CORRA |
|
5.82% |
|
|
8.99 |
% |
|
5/26/2028 |
|
CAD |
|
28 |
|
|
|
27 |
|
|
|
20 |
|
|
|
|
New Look Vision Group (3)(6)(15)(19) |
|
First Lien Senior Secured Loan - Revolver |
|
CORRA |
|
5.82% |
|
|
9.03 |
% |
|
5/26/2026 |
|
CAD |
|
806 |
|
|
|
548 |
|
|
|
560 |
|
|
|
|
New Look Vision Group (6)(15)(19) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
CORRA |
|
5.82% |
|
|
8.99 |
% |
|
5/26/2028 |
|
CAD |
|
54 |
|
|
|
43 |
|
|
|
38 |
|
|
|
|
New Look Vision Group (6)(18)(19)(26) |
|
First Lien Senior Secured Loan - Delayed Draw |
|
SOFR |
|
4.15% (2.00% PIK) |
|
|
10.48 |
% |
|
5/26/2028 |
|
$ |
|
387 |
|
|
|
387 |
|
|
|
387 |
|
|
|
|
Thrasio, LLC (15)(19)(26) |
|
First Lien Senior Secured Loan |
|
SOFR |
|
10.26% PIK |
|
|
14.89 |
% |
|
6/18/2029 |
|
$ |
|
4,561 |
|
|
|
4,575 |
|
|
|
4,014 |
|
|
|
|
⚠️ Filing Content Truncated
This filing was too large to display in its entirety (original size: 32.94 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: 0001193125-25-274163
