false0001834543Q1--12-31trueNONEhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://fasb.org/us-gaap/2024#PrimeMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://fasb.org/us-gaap/2024#PrimeRateMemberhttp://tcpcapital.com/20250331#FixedMemberhttp://tcpcapital.com/20250331#FixedMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#FixedMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://fasb.org/us-gaap/2024#PrimeRateMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://fasb.org/us-gaap/2024#PrimeRateMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#FixedRateMemberhttp://tcpcapital.com/20250331#FixedRateMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#FixedRateMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRSixMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFROneMonthMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://tcpcapital.com/20250331#SecuredOvernightFinancingRateSOFRThreeMonthsMemberhttp://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2024#UnrealizedGainLossOnInvestments0001834543ck0001834543:DouglasHoldingsIncDocupaceMember2024-12-310001834543Investments2024-12-310001834543Debt Investments Software Logicmonitor, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.79% Maturity 11/19/20312025-03-310001834543Debt Investments Capital Markets2024-12-310001834543Debt Investments Real Estate Management & Development Community Merger Sub Debt LLC (CINC Systems) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.75% Total Coupon 10.11% Maturity Date 1/18/20302024-12-310001834543Debt Investments Diversified Financial Services Foreside Financial Group, LLC Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.35% Total Coupon 9.71% Maturity 9/1/20272024-12-310001834543Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.51% Maturity 2/1/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputImpliedVolatilityMember2025-01-012025-03-310001834543ck0001834543:SupergoopLlcMember2024-12-310001834543Debt Investments Professional Services Applause App Quality, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.50% Spread 6.00% Total Coupon 10.33% Maturity Date 10/24/20292024-12-310001834543Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.61% Maturity Date 9/26/20302024-12-310001834543 Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Super Priority Team Loan Ref SOFR(M) Floor 2.50% Spread 11.10% PIK Total Coupon 15.42% Maturity 4/14/20252025-03-310001834543us-gaap:RetainedEarningsMember2025-03-310001834543Debt Investments Health Care Technology Gainwell Acquisition Corp. Second Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 8.10% Total Coupon 12.39% Maturity 10/2/20282025-03-310001834543ck0001834543:ZilliantIncorporatedMember2024-12-310001834543ck0001834543:CapitalCallFacilityMember2023-12-310001834543Debt Investments Media Streamland Media Midco LLC First Lien Rollup Term Loan Ref SOFR(Q) Floor 1.00% Spread 1.00% Cash + 4.50% PIK Total Coupon 9.80% Maturity 3/31/20292025-03-310001834543ck0001834543:LighthouseParentHoldingsIncApertureMember2025-01-012025-03-310001834543Equity Securities Internet Software & Services SuCo Investors, LP (Suited Connector) Warrants to Purchase Class A Units Maturity 3/6/20332024-12-310001834543ck0001834543:LogicmonitorIncMember2024-12-310001834543us-gaap:NonUsMembersrt:MinimumMember2024-12-310001834543ck0001834543:SmarshIncMember2025-03-310001834543Debt Investments Automobiles2025-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) First Lien 2nd Incremental Term Loan Ref SOFR(M) Floor 1.00% Spread 2.50% Cash + 3.50% PIK Total Coupon 10.42% Maturity 11/30/20292025-03-310001834543Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.61% Maturity Date 9/26/20302024-12-310001834543Debt Investments Diversified Financial Services Rialto Management Group, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.32% Maturity 12/5/20302025-03-310001834543ck0001834543:G-3ApolloAcquisitionCorpApprissRetailMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2025-03-310001834543Debt Investments Software Zendesk Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 11/22/20282025-03-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.61% Maturity Date 06/30/20282024-12-310001834543Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.75% Total Coupon 12.32% Maturity 2/1/20292024-12-310001834543ck0001834543:ArasCorporationMember2024-12-310001834543Equity Securities Healthcare Providers and Services INH Buyer, Inc. (IMA Health)1 Preferred Stock2025-03-310001834543Investment INH Buyer, Inc. (IMS Health), Preferred Stock Acquisition Date 12/16/20242025-01-012025-03-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Second Lien Third Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 1.76% Cash + 5.50% PIK Total Coupon 11.85% Maturity 07/27/20282024-12-310001834543Debt Investments Capital Markets2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:IndependentThirdPartyValuationMember2024-12-310001834543ck0001834543:CbiGatorAcquisitionLlcMember2025-03-310001834543Debt Investments Diversified Financial Services Wharf Street Rating Acquisition LLC (KBRA) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.46% Maturity 12/10/20272024-12-310001834543Debt Investments Software Zilliant Incorporated First Lien Delayed Draw Term Loan (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.10% Cash + 5.00% PIK Total Coupon 11.42% Maturity 12/21/20272025-03-310001834543Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.53% Maturity 2/1/20292024-12-310001834543Debt Investments Media NEP Group, Inc. et al First Lien Term Loan (2.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 3.36% Cash + 1.50% PIK Total Coupon 9.22% Maturity Date 08/19/20262024-12-310001834543Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series D Stock Maturity 2/11/20312025-03-310001834543Debt Investments Diversified Financial Services Wharf Street Rating Acquisition LLC (KBRA) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.46% Maturity 12/10/20272024-12-310001834543ck0001834543:ALCVPurchaserIncAutoLendersMember2025-01-012025-03-310001834543ck0001834543:CapitalCallFacilityMember2024-06-160001834543ck0001834543:ForesideFinancialGroupLlcMember2024-12-310001834543ck0001834543:RialtoManagementGroupLLCMember2025-03-310001834543us-gaap:UnsecuredDebtMember2022-12-310001834543ck0001834543:SparkBuyerLLCSPARKSTONEOneMember2025-01-012025-03-310001834543us-gaap:EquitySecuritiesMember2024-12-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMember2024-01-012024-03-310001834543Debt Investments Specialty Retail Hanna Andersson, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.35% Total Coupon 10.71% Maturity 7/2/20262024-12-310001834543Debt Investments Diversified Financial Services Foreside Financial Group, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.35% Total Coupon 9.70% Maturity 9/1/20272025-03-310001834543 Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.32% Maturity 9/04/20292025-03-310001834543Debt Investments IT Services Intercept Bidco, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.47% Maturity 6/3/20302024-12-310001834543Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.00% Total Coupon 11.43% Maturity Date 9/8/20272024-12-310001834543ck0001834543:HuckabeeAcquisitionLlcTwoMoregroupMember2025-03-310001834543Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan B Ref SOFR(Q) Floor 0.75% Spread 5.60% Total Coupon 9.90% Maturity 6/28/20252025-03-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.32% Maturity 9/04/20292025-03-310001834543Debt Investments Software Kaseya, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 10.09% Maturity 6/25/20292024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceOneMember2025-03-310001834543Debt Investments Media Streamland Media Midco LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 1.00% Cash + 4.50% PIK Total Coupon 9.80% Maturity 3/31/20292025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:WeightedAverageMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMember2024-12-310001834543us-gaap:AdditionalPaidInCapitalMember2024-03-310001834543Debt Investments Software Smarsh, Inc. Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.75% Total Coupon 10.08% Maturity 2/18/20292024-12-310001834543ck0001834543:WharfStreetRatingAcquisitionLlcKbraMember2024-12-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Term Loan (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.32% Maturity 8/17/20252025-03-310001834543ck0001834543:AlpineAcquisitionCorpIIMember2025-03-310001834543ck0001834543:DouglasHoldingsIncDocupaceOneMember2024-12-310001834543ck0001834543:TitanHomeImprovementLlcRenuityOneMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMembersrt:MaximumMemberus-gaap:EquitySecuritiesMember2024-12-310001834543ck0001834543:SparkBuyerLLCSPARKSTONEMember2025-01-012025-03-310001834543ck0001834543:PluralsightIncMember2025-01-012025-03-310001834543us-gaap:AdditionalPaidInCapitalMember2025-03-310001834543ck0001834543:PeterCFoyAndAssociatesInsuranceServicesLLCMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2023-12-310001834543ck0001834543:SupergoopLlcMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMember2024-01-012024-03-310001834543Debt Investments Construction Materials AHF Parent Holding, Inc First Lien Term Loan One Ref SOFR(Q) Floor 0.75% Spread 6.51% Total Coupon 10.81% Maturity 2/1/20282025-03-310001834543Debt Investments Electrical Equipment2024-12-310001834543Debt Investments Insurance Alera Group, Inc. First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.61% Maturity 9/30/20282024-12-310001834543Debt Investments Software Trintech, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.82% Maturity 7/25/20292025-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 2.50% Cash + 3.50% PIK Total Coupon 10.42% Maturity 11/30/20292025-03-310001834543Investment Grey Orange International Inc., Warrants to Purchase Common Stock Acquisition Date 5/6/20222024-01-012024-12-310001834543Investment Elevate Brands Holdco, Inc., Warrants to Purchase Common Shares Acquisition Date 3/14/20222024-01-012024-12-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) First Lien A1 Term Loan Ref SOFR(Q) Floor 2.00% Spread 4.50% Cash +4.50% PIK Total Coupon 14.33% Maturity 5/23/20262024-12-310001834543Debt Investments Real Estate Management & Development Greystone Affordable Housing Initiatives, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.25% Spread 6.43% Total Coupon 10.69% Maturity 3/2/20262025-03-310001834543Debt Investments, Insurance2025-03-310001834543Debt Investments Automobiles ALCV Purchaser, Inc. (AutoLenders) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.86% Total Coupon 11.19% Maturity 2/25/20262025-03-310001834543Debt Investments Internet Software & Services Suited Connector, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.20% Cash +1.00% PIK Total Coupon 11.52% Maturity 12/1/20272025-03-310001834543 Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Priority Term Loan Ref SOFR(M) Floor 2.50% Spread 9.10% PIK Total Coupon 13.42% Maturity 4/14/20252025-03-310001834543Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.54% Maturity 1/16/20302025-03-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.50% Total Coupon 9.82% Maturity 11/1/20282025-03-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% PIK Total Coupon 11.83% Maturity 8/22/20292025-03-310001834543Debt Investments Internet Software & Services e-Discovery Acquireco, LLC (Reveal) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.06% Maturity 08/29/20292025-03-310001834543us-gaap:CommonStockMember2024-03-310001834543Investment INH Buyer, Inc. (IMS Health), Preferred Stock Acquisition Date 12/16/20242024-01-012024-12-310001834543Debt Investments Software Integrate.com, Inc. First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.20% Maturity 12/17/20272025-03-310001834543Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.65% Total Coupon 9.98% Maturity 6/30/20272024-12-310001834543Debt Investments Software Howlco, LLC, (Lone Wolf) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.15% Cash + 3.50% PIK Total Coupon 11.03% Maturity Date 10/23/20272024-12-310001834543Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.57% Maturity 9/26/20302025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2024-12-310001834543ck0001834543:SEPRaptorAcquisitionIncMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMemberck0001834543:BankDebtMember2025-03-310001834543ck0001834543:CbiGatorAcquisitionLlcMember2025-01-012025-03-310001834543Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.46% Maturity 12/21/20282025-03-310001834543ck0001834543:StreamlandMediaMidcoLlcMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2024-12-310001834543ck0001834543:CleverDevicesLtdMember2025-01-012025-03-310001834543Debt Investments Software Fusion Risk Management, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 3.25% PIK Total Coupon 11.08% Maturity Date 5/22/20292024-12-310001834543ck0001834543:ZendeskIncOneMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMember2024-12-310001834543Total Cash and Investments - 100.00% of Net Assets2025-03-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Second Lien Third Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 1.76% Cash + 5.50% PIK Total Coupon 11.55% Maturity 7/27/20282025-03-310001834543Debt Investments Software Smarsh, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.08% Maturity 2/18/20292024-12-310001834543Debt Investments Software Oak Purchaser, Inc. (DaySmart) First Lien Delayed Draw Term Loan (1.0% Exit Fee) Ref SOFR(S) Floor 0.75% Spread 5.50% Total Coupon 9.72% Maturity 4/28/20282025-03-310001834543Debt Investments Real Estate Management & Development2025-03-310001834543Debt Investments Software2024-12-310001834543ck0001834543:G-3ApolloAcquisitionCorpApprissRetailMember2025-03-310001834543Debt Investments Insurance AmeriLife Holdings LLC Sr Secured Revolver Ref SOFR(S) Floor 0.75% Spread 5.00% Total Coupon 9.70% Maturity 8/31/20282024-12-310001834543ck0001834543:UnsecuredPromissoryNoteMember2025-01-012025-03-310001834543ck0001834543:CapitalCallFacilityMember2023-06-160001834543Investment Razor Group GmbH (Germany), Warrants to Purchase Preferred Series A1 Shares Acquisition Date 2/28/20242024-01-012024-12-310001834543Equity Securities Professional Services JobandTalent USA, Inc. (United Kingdom) F1 Preferred Stock2025-03-310001834543ck0001834543:CommunityMergerSubDebtLLCCincSystemsMember2024-12-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Incremental Delayed Draw Term Loan 2 (2.0% Exit Fee)Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.92% Maturity 11/23/20272025-03-310001834543ck0001834543:NonControlledNonAffiliatedInvestmentsMember2025-03-310001834543us-gaap:AdditionalPaidInCapitalMember2024-12-310001834543Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.40% Total Coupon 9.70% Maturity 6/30/20272025-03-310001834543srt:MinimumMember2024-12-310001834543ck0001834543:CommunityMergerSubDebtLLCCincSystemsMember2025-01-012025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.94% Maturity 11/23/20272024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceTwoMember2024-12-310001834543ck0001834543:InterceptBidcoIncMember2025-03-310001834543 Debt Investments Construction and Engineering PlayPower, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 8/28/20302025-03-310001834543Debt Investments Automobiles ALCV Purchaser, Inc. (AutoLenders) First Lien Term Loan Ref SOFR9(Q) Floor 1.00% Spread 7.01% Total Coupon 11.34% Maturity 2/25/20262024-12-310001834543Debt Investments Wireless Telecommunication Services OpenMarket, Inc. (Infobip) (United Kingdom) First Lien Term Loan Ref SOFR(Q) Spread 6.51% Total Coupon 10.84% Maturity 9/17/20262024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembersrt:MinimumMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2025-03-310001834543Debt Investments Construction and Engineering PlayPower ,Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 8/28/20302024-12-310001834543Debt Investments Software SEP Raptor Acquisition, Inc. (Loopio) (Canada) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.50% Total Coupon 9.93% Maturity 3/31/20272025-03-310001834543Debt Investments Professional Services2024-12-310001834543Debt Investments Building Products Air Distribution Technologies Inc First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.30% Maturity 8/1/20302025-03-310001834543Debt Investments Software Bluefin Holding, LLC (Allvue) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 10.80% Maturity 9/12/20292025-03-310001834543Debt Investments Software Integrate.com, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.56% Maturity 12/17/20272024-12-310001834543Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.62% Maturity Date 12/20/20292024-12-310001834543ck0001834543:AmerilifeHoldingsLlcOneMember2025-01-012025-03-310001834543Debt Investments Diversified Financial Services Wharf Street Rating Acquisition LLC (KBRA) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.42% Maturity 12/10/20272025-03-310001834543Debt Investments Health Care Providers & Services RecordXTechnologies, LLC (Ontellus) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.55% Maturity 12/23/20272025-03-310001834543Debt Investments Software Zendesk Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.33% Maturity 11/22/20282024-12-310001834543Debt Investments Software JOBVITE, Inc. (Employ, Inc.) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.5% Total Coupon 12.02% Maturity 08/05/20282024-12-310001834543Cash and Cash Equivalents - 16.42% of Net Assets2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Software Kong Inc. First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Cash + 3.25% PIK Total Coupon 13.42% Maturity 11/1/20272024-12-310001834543Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 11.81% Maturity 3/30/20292025-03-310001834543Debt Investments IT Services Intercept Bidco, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.32% Maturity 6/3/20302025-03-310001834543Debt Investments Life Sciences Tools & Services2024-12-3100018345432025-03-310001834543Debt Investments Internet Software & Services Sailpoint Technologies Holdings, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.52% Maturity 8/16/20292024-12-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 8.83% Maturity 8/22/20292025-03-310001834543Debt Investments Health Care Providers & Services CBI-Gator Acquisition, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.90% Cash + 0.50% PIK Total Coupon 10.70% Maturity 10/25/20272025-03-310001834543ck0001834543:CherryBekaertAdvisoryLlcMember2025-01-012025-03-310001834543Debt Investments Insurance Alera Group, Inc. First LienTerm Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 9/30/20282025-03-310001834543Debt Investments Software GTY Technology Holdings Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 2.50% Cash + 4.125% PIK Total Coupon 10.92% Maturity 7/9/20292025-03-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.50% Total Coupon 9.82% Maturity 11/1/20272025-03-310001834543Debt Investments Internet Software & Services Suited Connector, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.20% Cash + 1.00% PIK Total Coupon 11.63% Maturity 12/1/20272024-12-310001834543Debt Investments Building Products Air Distribution Technologies Inc First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.55% Maturity 8/1/20302024-12-310001834543 Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Out Delayed Draw Term Loan Ref Fixed Spread 15.00% Total Coupon 15.00% Maturity 9/15/20272025-03-310001834543Debt Investments Software FirstUp, Inc One First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.05% Maturity 7/13/20272025-03-310001834543ck0001834543:G-3ApolloAcquisitionCorpApprissRetailOneMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMember2024-12-310001834543ck0001834543:EDiscoveryAcquireCoLlcMember2024-12-310001834543Debt Investments Internet Software & Services Civic Plus, LLC First Lien Delay Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.21% Maturity 8/25/20272025-03-310001834543ck0001834543:CapitalCallFacilityMember2021-06-180001834543Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 12/20/20312025-03-310001834543Debt Investments Internet Software & Services Civic Plus, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.21% Maturity 8/25/20272025-03-310001834543Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.01% Maturity Date 3/30/20292024-12-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Incremental Delayed Draw Term Loan 1 (2.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.92% Maturity 11/23/20272025-03-310001834543ck0001834543:SmarshIncOneMember2024-12-310001834543ck0001834543:BankDebtMemberus-gaap:FairValueInputsLevel2Member2024-12-310001834543Debt Investments IT Services Crewline Buyer, Inc. (New Relic) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 11.07% Maturity 11/8/20302025-03-310001834543Equity Securities Paper and Forest Products 48forty Intermediate Holdings, Inc. Common Stock2024-12-310001834543Debt Investments Road & Rail Motive Technologies, Inc. (Keep Trucking) First Lien Term Loan (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.69% Maturity 4/8/20272025-03-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) First Lien First Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.01 Total Coupon 11.30% Maturity 7/27/20282025-03-310001834543Debt Investments Media Terraboost Media Operating Company, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.65% Total Coupon 10.98% Maturity 8/23/20262024-12-310001834543Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) Sr Secured Revolver Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.06% Maturity 5/30/20302025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001834543:MeasurementInputIndicativeBidAskQuotesMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMember2025-03-310001834543Debt Investments Internet Software & Services Sailpoint Technologies Holdings, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.55% Maturity8/16/20282025-03-310001834543Equity Securities Internet Software & Services Pluralsight, Inc. Common Stock2024-12-310001834543ck0001834543:BluefinHoldingLlcMember2025-03-310001834543Investment JobandTalent USA, Inc. (United Kingdom), F3 Preferred Stock Acquisition Date 2/11/20252025-01-012025-03-310001834543Debt Investments Media Streamland Media Midco LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 14.09% PIK Total Coupon 14.09% Maturity Date 3/31/2025 Two2024-12-310001834543ck0001834543:CapitalCallFacilityMember2025-03-310001834543ck0001834543:BluefinHoldingLlcMember2025-01-012025-03-310001834543Debt Investments Professional Services Security Services Acquisition Sub Corp. (Protos) First Lien Consolidated Term Loan Ref SOFR(M) Floor 1 Spread 5.85% Total Coupon 10.19% Maturity Date 09/30/20272024-12-310001834543Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.37% Maturity Date 12/20/20312024-12-310001834543Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Common Stock Maturity 7/25/20302025-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 2.50% Cash + 3.50% PIK Total Coupon 10.42% Maturity 11/30/20292025-03-310001834543Debt Investments Construction Materials AHF Parent Holding, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.51% Total Coupon 10.81% Maturity 2/1/20282025-03-310001834543Equity Securities Software Grey Orange International Inc. Warrants to Purchase Common Stock Maturity 5/6/20322024-12-310001834543srt:MinimumMember2024-01-012024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:IndependentThirdPartyValuationMember2023-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-03-310001834543Total Cash and Investments2024-12-310001834543ck0001834543:SailpointTechnologiesHoldingsIncMember2025-01-012025-03-310001834543Debt Investments Real Estate Management & Development Greystone Affordable Housing Initiatives, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.25% Spread 6.43% Total Coupon 11.57% Maturity Date 3/2/20262024-12-310001834543Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity Date 1/16/20302024-12-310001834543ck0001834543:HuckabeeAcquisitionLLCMoregroupMember2025-01-012025-03-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.81% Maturity 11/1/20272025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2024-12-310001834543Debt Investments Construction and Engineering PlayPower, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 8/28/20302025-03-310001834543Debt Investments Consumer Finance Money Transfer Acquisition Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.35% Total Coupon 12.92% Maturity 12/14/20272024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMember2025-03-310001834543Debt Investments Media2024-12-310001834543Debt Investments Health Care Providers & Services2024-12-310001834543Debt Investments Beverages JP Intermediate B, LLC (Juice Plus) First Lien Term Loan Ref Prime Floor 1.00% Spread 6.50% Total Coupon 14.00% Maturity 11/20/20252025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputEBITDARevenueMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543ck0001834543:AccordionPartnersLlcOneMember2024-12-310001834543Debt Investments Media NEP Group, Inc. et al Second Lien Term Loan Ref SOFR(Q) Floor 0.00% Spread 7.26% Total Coupon 11.57% Maturity 10/19/20262025-03-310001834543ck0001834543:SparkBuyerLLCSPARKSTONEMember2025-03-310001834543ck0001834543:AlphaSenseIncMember2024-12-310001834543Debt Investments IT Services Madison Logic Holdings, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 7.00% Cash + 0.50% PIK Total Coupon 11.84% Maturity 12/29/20282024-12-310001834543Debt Investments Insurance AmeriLife Holdings LLC First Lien Term Loan Ref SOFR(S) Floor 0.75% Spread 5.00% Total Coupon 9.26% Maturity 8/31/20292025-03-310001834543ck0001834543:SerranoParentLlcSumoLogicMember2025-01-012025-03-310001834543Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.92% Maturity 5/13/20302025-03-310001834543ck0001834543:SerranoParentLlcSumoLogicMember2025-03-310001834543Debt Investments Software Nvest, Inc. (SigFig) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.06% Maturity 9/15/20262025-03-310001834543Debt Investments Professional Services2025-03-310001834543Debt Investments Diversified Financial Services Rialto Management Group, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.53% Maturity 12/5/20302024-12-310001834543ck0001834543:StreamlandMediaMidcoLlcMember2024-12-310001834543ck0001834543:SellerXGermanyGmbHCoKgGermanyMember2025-03-310001834543Debt Investments Diversified Financial Services2024-12-310001834543Investment Worldremit Group Limited (United Kingdom), Warrants to Purchase Series D Stock Acquisition Date 2/11/20212024-01-012024-12-310001834543ck0001834543:ZendeskIncOneMember2025-03-310001834543ck0001834543:InterceptBidcoIncOneMember2025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-03-310001834543ck0001834543:HuckabeeAcquisitionLlcTwoMoregroupMember2025-01-012025-03-310001834543Debt Investments Software Zilliant Incorporated Sr Secured Revolver (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.00% Cash + 5.00% PIK Total Coupon 11.36% Maturity 12/21/20272024-12-310001834543Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 11.81% Maturity 3/30/20292025-03-310001834543Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.87% Maturity 8/21/20282024-12-310001834543Debt Investments Professional Services Applause App Quality, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.50% Spread 6.00% Total Coupon 10.33% Maturity Date 10/24/20292024-12-310001834543ck0001834543:LogicmonitorIncMember2025-03-310001834543Equity Securities Media Streamland Media Holdings LLC Common Units2025-03-310001834543ck0001834543:LighthouseParentHoldingsIncApertureMember2024-12-310001834543Debt Investments Diversified Consumer Services2024-12-310001834543ck0001834543:GtyTechnologyHoldingsIncMember2024-12-310001834543Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.75% Total Coupon 12.04% Maturity 2/1/20292025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMember2025-01-012025-03-310001834543us-gaap:SubsequentEventMember2025-05-080001834543Debt Investments Media Kid Distro Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.90% Total Coupon 9.19% Maturity 10/1/20292025-03-310001834543Debt Investments Software FirstUp, Inc Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.05% Maturity 7/13/20272025-03-310001834543Debt Investments IT Services Madison Logic Holdings, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.63% Cash + 1.47% PIK Total Coupon 11.42% Maturity 12/29/20282025-03-310001834543Debt Investments Health Care Providers & Services PHC Buyer, LLC (Patriot Home Care) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.51% Maturity 5/4/20282024-12-310001834543Debt Investments Internet Software & Services Astra Acquisition Corp. (Anthology) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 9.14% Total Coupon 13.47% Maturity 10/25/20292024-12-310001834543Investment 48forty Intermediate Holdings, Inc. (Alpine Acquisition), Common Stock Acquisition Date 11/5/20242025-01-012025-03-310001834543Equity Securities Diversified Consumer Services Razor US LP Class A Preferred Units Spread 3.00% Total Coupon 3.00%2025-03-310001834543Debt Investments Internet Software & Services Civic Plus, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.21% Maturity 8/24/20272025-03-310001834543Debt Investments Commercial Services & Supplies Thermostat Purchaser III, Inc. (Reedy Industries) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.40% Total Coupon 11.71% Maturity 8/31/20292025-03-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC First Lien Delayed Draw Term Loan One Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 6/30/20282025-03-310001834543ck0001834543:ArasCorporationMember2025-01-012025-03-310001834543 Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) Sr Secured Revolver Ref SOFR(Q) Spread 5.00% Total Coupon 9.30% Maturity 10/28/20262025-03-310001834543Debt Investments Professional Services ICIMS, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.04% Maturity 8/18/20282025-03-310001834543Debt Investments Internet Software & Services Gympass US, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 3.25% Cash +3.25% PIK Total Coupon 10.94% Maturity 08/29/20292025-03-310001834543ck0001834543:DiscoParentIncDuckCreekTechnologiesMember2025-03-310001834543ck0001834543:TitanHomeImprovementLlcRenuityOneMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMembersrt:MaximumMember2025-03-310001834543Debt Investments Diversified Financial Services Accuserve Solutions, Inc First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.25% Total Coupon 9.53% Maturity 3/15/20302025-03-310001834543Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.57% Maturity 12/20/20292025-03-310001834543Debt Investments Media Streamland Media Midco LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 14.09% PIK Total Coupon 14.09% Maturity Date 3/31/20252024-12-310001834543Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.01% Maturity Date 3/30/20292024-12-310001834543Debt Investments Insurance Integrity Marketing Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.31% Maturity 8/25/20282025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMember2025-01-012025-03-310001834543ck0001834543:PlaypowerIncMember2024-12-310001834543ck0001834543:ZendeskIncMember2025-03-310001834543Debt Investments Software Kaseya, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 10.09% Maturity 6/25/20292024-12-310001834543Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Lien C Term Loan Ref Fixed Spread 3.50% Cash + 3.50% PIK Total Coupon 7.00% Maturity 9/30/20282024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMember2025-03-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.84% Maturity 07/27/20282024-12-310001834543Debt Investments Software Aras Corporation Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.59% Maturity Date 4/13/20292024-12-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.50% Total Coupon 9.82% Maturity 11/1/20282025-03-310001834543ck0001834543:TrintechIncMember2025-03-310001834543ck0001834543:CleverDevicesLtdMember2025-03-310001834543Debt Investments IT Services Intercept Bidco, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.32% Maturity 6/3/20302025-03-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.36% Maturity 9/04/20292024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMemberus-gaap:EquitySecuritiesMember2024-12-310001834543ck0001834543:PeterCFoyAndAssociatesInsuranceServicesLLCMember2025-03-310001834543Debt Investments Specialty Retail Supergoop, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.85% Total Coupon 10.21% Maturity 12/28/20282024-12-310001834543ck0001834543:SEPRaptorAcquisitionIncMember2024-12-310001834543ck0001834543:AmerilifeHoldingsLlcOneMember2025-03-310001834543ck0001834543:BankDebtMember2024-12-310001834543Debt Investments Software Smarsh, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.08% Maturity 2/18/20292024-12-310001834543ck0001834543:TitanHomeImprovementLlcRenuityMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2023-12-310001834543ck0001834543:SailpointTechnologiesHoldingsIncMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2024-12-310001834543Debt Investments Insurance Integrity Marketing Acquisition, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.31% Maturity 8/25/20282025-03-310001834543ck0001834543:ArasCorporationMember2025-03-310001834543Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.54% Maturity 1/16/20302025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2025-03-310001834543ck0001834543:CapitalCallFacilityMember2021-06-182021-06-180001834543Debt Investments Semiconductors & Semiconductor Equipment Emerald Technologies (U.S.) AcquisitionCo, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.35% Total Coupon 10.71% Maturity Date 12/29/20272024-12-310001834543Debt Investments IT Services Madison Logic Holdings, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 7.00% Total Coupon 11.32% Maturity 12/30/20272025-03-310001834543ck0001834543:ESOSolutionsIncMember2024-12-310001834543Debt Investments Specialty Retail Supergoop, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.85% Total Coupon 10.21% Maturity 12/28/20282024-12-310001834543Debt Investments Software Logicmonitor, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.99% Maturity 11/19/20312024-12-310001834543Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.75% Total Coupon 9.07% Maturity 2/1/20302025-03-310001834543Investment Worldremit Group Limited (United Kingdom), Series X Shares Acquisition Date 6/24/20242024-01-012024-12-3100018345432025-05-080001834543Debt Investments Software Cart.Com, Inc. First Lien Term Loan (2.5% Exit Fee) Ref SOFR(M) Floor 1.50% Spread 7.75% Total Coupon 12.07% Maturity 5/30/20292025-03-310001834543Debt Investments Software SEP Raptor Acquisition, Inc. (Loopio) (Canada) Sr Secured Revolver Loan Ref SOFR(S) Floor 1.00% Spread 5.50% Total Coupon 9.93% Maturity 3/31/20272024-12-310001834543Debt Investments Software GTY Technology Holdings Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.21% Maturity Date 7/9/20292024-12-310001834543Debt Investments Oil, Gas & Consumable Fuels Palmdale Oil Company, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 11.07% Maturity 10/2/20292025-03-310001834543Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.75% Total Coupon 12.04% Maturity 2/1/20292025-03-310001834543Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.58% Maturity 9/15/20272024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-03-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 6/30/20282025-03-310001834543us-gaap:CommonStockMember2024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceThreeMember2025-01-012025-03-310001834543ck0001834543:FirstUpIncMember2025-03-310001834543Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Preferred Series A1 Shares Maturity 4/28/20282024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMemberck0001834543:BankDebtMember2025-03-310001834543ck0001834543:SparkBuyerLLCSPARKSTONEMember2024-12-310001834543ck0001834543:BonterraLlcFkaCyberGrantsHoldingsLlcMember2024-12-310001834543Investment Razor US LP, Class A Preferred Units Acquisition Date 2/28/20242025-01-012025-03-310001834543Debt Investments Software Lightspeed Solutions, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 2.85% Cash + 3.65% PIK Total Coupon 10.83% Maturity 3/1/20282025-03-310001834543Debt Investments IT Services Avalara, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.58% Maturity 10/19/20282024-12-310001834543Equity Securities Diversified Financial Services2024-12-310001834543ck0001834543:ApprissHealthLLCMember2025-01-012025-03-310001834543Debt Investments Health Care Providers & Services INH Buyer, Inc. (IMA Health) First Lien Term Loan (1.5% Exit Fee) Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 11.40% Maturity 6/28/20282025-03-310001834543Debt Investments Household Durables Bad Boy Mowers JV Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.29% Maturity 11/9/20292025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Incremental Term Loan (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.32% Maturity 8/17/20252025-03-310001834543Debt Investments Software Lightspeed Solutions, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 6.50% Total Coupon 10.85% Maturity 3/1/20282024-12-310001834543Debt Investments Building Products2024-12-310001834543ck0001834543:SparkBuyerLLCSPARKSTONEOneMember2025-03-310001834543ck0001834543:SellerxGermanyGmbhCoKgGermanyOneMember2025-01-012025-03-310001834543Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.92% Maturity 5/13/20302024-12-310001834543Debt Investments Health Care Providers & Services PHC Buyer, LLC (Patriot Home Care) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.31% Maturity 5/4/20282025-03-310001834543Debt Investments Software FirstUp, Inc First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.05% Maturity 7/13/20272025-03-310001834543Debt Investments Software GTY Technology Holdings Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.50% Cash + 4.125% PIK Total Coupon 10.92% Maturity 7/9/20292025-03-310001834543Debt Investments Software G-3 Apollo Acquisition Corp (Appriss Retail) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.29% Maturity 3/10/20312025-03-310001834543ck0001834543:LjAvalonHoldingsLlcArdurraMember2024-12-310001834543ck0001834543:FirstUpIncMember2024-12-310001834543ck0001834543:GtyTechnologyHoldingsIncOneMember2025-01-012025-03-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.42% Maturity 8/27/20302025-03-310001834543 Equity Securities Professional Services Total2025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMemberck0001834543:MeasurementInputEBITDARevenueMultipleMemberus-gaap:EquitySecuritiesMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMember2025-03-310001834543Equity Securities Diversified Consumer Services2024-12-310001834543Debt Investments Professional Services ICIMS, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.04% Maturity 8/18/20282025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:AdvisorValuationsMember2025-03-310001834543Debt Investments Internet Software & Services Gympass US, LLC First Lien Term Loan Loan Ref SOFR(M) Floor 1.00% Spread 3.25% Cash + 3.25% PIK Total Coupon 10.97% Maturity 8/29/20292024-12-310001834543Debt Investments Diversified Consumer Services Accordion Partners LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 11/15/20312024-12-310001834543 Debt Investments Diversified Financial Services Foreside Financial Group, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.35% Total Coupon 9.71% Maturity 9/1/20272025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Lien C Term Loan Ref Fixed Floor 0% Spread 3.50% Cash + 3.50% PIK Total Coupon 7.00% Maturity 9/30/20282025-03-310001834543Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan B Ref SOFR(Q) Floor 0.75% Spread 5.60% Total Coupon 9.93% Maturity 6/28/20252024-12-310001834543Investment Razor Group GmbH (Germany), Warrants to Purchase Series C Shares Acquisition Date 12/23/20222024-01-012024-12-310001834543Investment Razor US LP, Class A Preferred Units Acquisition Date 2/28/20242024-01-012024-12-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Delayed Draw Term Loan Two (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.32% Maturity 8/17/20252025-03-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Member2024-03-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity Date 8/27/2030 One2024-12-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Super Priority Team Loan Ref SOFR(M) Floor 2.50% Spread 11.10% PIK Total Coupon 15.42% Maturity 4/14/20252025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputIndicativeBidAskQuotesMembersrt:MinimumMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMember2024-12-310001834543Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series E Stock Maturity 8/17/20312025-03-310001834543Debt Investments Internet Software & Services e-Discovery Acquireco, LLC (Reveal) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.76% Maturity 08/29/20292024-12-310001834543Debt Investments Life Sciences Tools & Services Alcami Corporation Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 7.10% Total Coupon 11.42% Maturity 12/21/20282025-03-310001834543ck0001834543:RiskRelatedToSeniorManagementPersonnelMember2025-01-012025-03-310001834543Equity Securities Healthcare Providers and Services INH Buyer, Inc. (IMA Health) Preferred Stock2024-12-310001834543Debt Investments Paper & Forest Products 2025-03-310001834543Debt Investments Health Care Providers & Services PHC Buyer, LLC (Patriot Home Care) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.31% Maturity 5/4/20282025-03-310001834543srt:MinimumMember2025-01-012025-03-310001834543Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.37% Maturity Date 12/20/20312024-12-310001834543Equity Securities Internet Software & Services2024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMember2024-12-310001834543Total Debt Investments - 82.77% of Net Assets2025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 11.10% PIK Total Coupon 15.46% Maturity 3/13/20252024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputIndicativeBidAskQuotesMembersrt:MinimumMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMember2025-03-3100018345432024-01-012024-03-310001834543Debt Investments Consumer Finance Freedom Financial Network Funding, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 9.25% Total Coupon 13.66% Maturity 9/21/20272025-03-310001834543Debt Investments Software Trintech, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.86% Maturity 7/25/20292024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:AdvisorValuationsMember2024-12-310001834543ck0001834543:OakPurchaserIncDaysmartMember2025-03-310001834543Debt Investments Real Estate Management & Development Community Merger Sub Debt LLC (CINC Systems) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 1/18/20302025-03-310001834543Total Equity Securities - 0.81% of Net Assets2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-01-012024-03-310001834543us-gaap:RetainedEarningsMember2024-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 9.10% PIK Total Coupon 13.44% Maturity 11/23/20272024-12-310001834543Debt Investments Diversified Consumer Services2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:AdvisorValuationsMember2024-12-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Super Priority Team Loan Ref SOFR(M) Floor 2.50% Spread 11.10% Total Coupon 15.42% Maturity 4/14/20252025-03-310001834543ck0001834543:ApplauseAppQualityIncMember2025-01-012025-03-310001834543Debt Investments Internet Software & Services 2025-03-310001834543Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Series C Shares Maturity 12/23/20292025-03-310001834543Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.00% Total Coupon 11.33% Maturity Date 9/8/20272024-12-310001834543Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series D Stock Maturity 2/11/20312024-12-310001834543Debt Investments Insurance Integrity Marketing Acquisition, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.51% Maturity 8/25/20282024-12-310001834543Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.53% Maturity 2/1/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:WeightedAverageMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMember2025-03-310001834543Debt Investments Software Zilliant Incorporated First Lien Term Loan (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.10% Cash + 5.00% PIK Total Coupon 11.42% Maturity 12/21/20272025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2024-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2025-03-310001834543ck0001834543:MadisonLogicHoldingsIncMember2025-01-012025-03-310001834543Debt Investments IT Services CrewLine Buyer, Inc. (New Relic) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.35% Maturity 11/8/20302024-12-310001834543ck0001834543:PmaParentHoldingLlcMember2024-12-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.32% Maturity 9/04/20292025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2025-01-012025-03-310001834543Investment Razor Group GmbH (Germany), Warrants to Purchase Preferred Series A1 Shares Acquisition Date 2/28/20242025-01-012025-03-310001834543ck0001834543:KaseyaIncMember2025-01-012025-03-310001834543Debt Investments Automobiles2024-12-310001834543ck0001834543:IntegrityMarketingAcquisitionLLCMember2024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2025-03-310001834543Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 7.10% Total Coupon 11.55% Maturity Date 12/21/20282024-12-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Term Loan (3.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.32% Maturity 8/17/20252025-03-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Member2024-12-310001834543Equity Securities Diversified Consumer Services MXP Prime Platform GmbH (SellerX) (Germany) Warrants to Purchase Common Stock Maturity 7/25/20302025-03-310001834543Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.92% Maturity 5/13/20302025-03-310001834543ck0001834543:ZilliantIncorporatedMember2025-03-310001834543Debt Investments Insurance AmeriLife Holdings LLC First Lien Term Loan Ref SOFR(S) Floor 0.75% Spread 5.00% Total Coupon 9.70% Maturity 8/31/20292024-12-310001834543Debt Investments Real Estate Management & Development Greystone Select Company II, LLC (Passco) First Lien Term Loan Ref SOFR(M) Floor 1.50% Spread 6.61% Total Coupon 10.94% Maturity 3/21/20272025-03-310001834543Debt Investments Paper & Forest Products FSK Pallet Holding Corp. (Kamps) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.48% Maturity Date 12/19/20252024-12-310001834543ck0001834543:CapitalCallFacilityMembersrt:MaximumMember2023-06-152023-06-150001834543Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Series C Shares Maturity 12/23/20292024-12-310001834543Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 10.83% Maturity 8/23/20282024-12-310001834543Debt Investments Software Bluefin Holding, LLC (Allvue) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.64% Maturity Date 09/12/20292024-12-310001834543Debt Investments Textiles, Apparel and Luxury Goods WH Borrower, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 5.50% Total Coupon 10.15% Maturity 2/15/20272024-12-310001834543Debt Investments Software Aras Corporation First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.55% Maturity 4/13/20292025-03-310001834543ck0001834543:SellerXGermanyGmbHCoKgGermanyMember2025-01-012025-03-310001834543us-gaap:RetainedEarningsMember2023-12-310001834543ck0001834543:AccuserveSolutionsIncMember2025-01-012025-03-310001834543Debt Investments Software Fusion Risk Management, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 3.25% PIK Total Coupon 11.08% Maturity Date 5/22/20292024-12-310001834543Debt Investments Software Aras Corporation Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.55% Maturity 4/13/20292025-03-310001834543ck0001834543:AvalaraIncMember2024-12-310001834543Debt Investments Software Integrate.com, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.20% Maturity 12/17/20272025-03-310001834543Debt Investments Software Fusion Risk Management, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.33% Maturity 5/22/20292025-03-310001834543ck0001834543:AccuserveSolutionsIncMember2025-03-310001834543Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.58% Maturity 9/14/20292024-12-310001834543ck0001834543:HuckabeeAcquisitionLlcTwoMoregroupMember2024-12-310001834543Debt Investments Consumer Finance Freedom Financial Network Funding, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 9.25% Total Coupon 13.66% Maturity 9/21/20272024-12-310001834543Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) Sr Secured Revolver Ref Prime Floor 0.75% Spread 5.25% Total Coupon 12.75% Maturity 9/15/20272025-03-310001834543Debt Investments Software GTY Technology Holdings Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.21% Maturity Date 7/9/20292024-12-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) Sr Secured Revolver Ref SOFR(S) Spread 9.00% Total Coupon 13.27% Maturity 11/22/20292025-03-3100018345432023-12-310001834543ck0001834543:PubliclyTradedCompanyMember2025-03-310001834543Total Debt Investments - 88.39% of Net Assets2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputYieldMember2025-01-012025-03-310001834543Debt Investments Software Oak Purchaser, Inc. (DaySmart) Sr Secured Revolver (1.0% Exit Fee) Ref SOFR(S) Floor 0.75% Spread 5.50% Total Coupon 9.72% Maturity 4/28/20282025-03-310001834543ck0001834543:CleverDevicesLtdMember2024-12-310001834543ck0001834543:UnsecuredPromissoryNoteMember2020-12-112020-12-110001834543Debt Investments Road & Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental Term Loan 2 (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.69% Maturity 4/8/20272025-03-310001834543ck0001834543:IntegrityMarketingAcquisitionLLCMember2025-01-012025-03-310001834543Investment INH Buyer, Inc. (IMA Health), A1 Preferred Stock Acquisition Date 12/16/20242025-01-012025-03-310001834543Debt Investments Software Smarsh, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 4.75% Total Coupon 9.08% Maturity 2/18/20292025-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) First Lien Term Loan Three Ref SOFR(M) Floor 1.00% Spread 2.50% Cash + 3.50% PIK Total Coupon 10.42% Maturity 11/30/20292025-03-310001834543Debt Investments Software Zilliant Incorporated First Lien Delayed Draw Term Loan (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.00% Cash + 5.00% PIK Total Coupon 11.36% Maturity 12/21/20272024-12-310001834543Debt Investments Diversified Consumer Services Accordion Partners LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 11/15/20312024-12-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Delayed Draw Term Loan One (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.32% Maturity 8/17/20252025-03-310001834543ck0001834543:ThunderPurchaserIncVectorSolutionsMember2025-03-310001834543Debt Investments Construction Materials 2025-03-310001834543Debt Investments Media Terraboost Media Operating Company, LLC First Lien Term Loan Ref Fixed Floor 0.00% Spread 4.00% Cash +6.00% PIK Total Coupon 10.00% Maturity 8/23/20262025-03-310001834543Debt Investments Software Lightspeed Solutions, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 6.50% Total Coupon 10.85% Maturity 3/1/20282024-12-310001834543Debt Investments Professional Services Security Services Acquisition Sub Corp. (Protos) First Lien Consolidated Term Loan Ref SOFR(M) Floor 1.00% Spread 5.85% Total Coupon 10.17% Maturity 9/30/20272025-03-310001834543ck0001834543:AccuserveSolutionsIncMember2024-12-310001834543Debt Investments IT Services Idera, Inc. Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.75% Total Coupon 11.19% Maturity 2/4/20292025-03-310001834543us-gaap:UnsecuredDebtMember2023-12-310001834543ck0001834543:CapitalCallFacilityMemberus-gaap:PrimeRateMember2023-06-152023-06-150001834543Debt Investments Building Products Trulite Holding Corp. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.31% Maturity 2/22/20302025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2025-03-310001834543Debt Investments Semiconductors & Semiconductor Equipment Emerald Technologies (U.S.) AcquisitionCo, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.10% Total Coupon 10.42% Maturity 12/29/20262025-03-310001834543ck0001834543:OakPurchaserIncDaysmartMember2024-12-310001834543ck0001834543:CivicPlusLlcMember2024-12-310001834543Debt Investments Internet Software & Services Civic Plus, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.21% Maturity 8/25/20272025-03-310001834543Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.77% Maturity 10/15/20312024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 11.10% PIK Total Coupon 15.44% Maturity 3/13/20252024-12-310001834543Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.48% Maturity 5/6/20272025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:AdvisorValuationsMember2025-03-310001834543Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Out Delayed Draw Term Loan Ref Fixed Spread 11.00% Total Coupon 15.00% Maturity 9/15/20272024-12-310001834543ck0001834543:SparkBuyerLLCSPARKSTONEOneMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMember2024-12-310001834543Debt Investments Semiconductors & Semiconductor Equipment2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Semiconductors & Semiconductor Equipment Emerald Technologies (U.S.) AcquisitionCo, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.10% Total Coupon 10.44% Maturity Date 12/29/20262024-12-310001834543Equity Securities Healthcare Providers and Services Total2025-03-310001834543ck0001834543:DouglasHoldingsIncDocupaceTwoMember2025-01-012025-03-310001834543Debt Investments Software Oak Purchaser, Inc. (DaySmart) First Lien Delayed Draw Term Loan (1.0% Exit Fee) Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.75% Maturity 4/28/20282024-12-310001834543Debt Investments Diversified Financial Services Accuserve Solutions, Inc First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 10.03% Maturity 3/15/20302024-12-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.61% Maturity Date 06/30/20282024-12-310001834543Investment MXP Prime Platform GmbH (SellerX) (Germany), Warrants to Purchase Common Stock Acquisition Date 11/23/20212025-01-012025-03-310001834543Debt Investments IT Services Intercept Bidco, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.47% Maturity 6/3/20302024-12-310001834543Debt Investments Internet Software & Services InMoment, Inc. First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 7.00 Total Coupon 11.32% Maturity 6/8/20282025-03-310001834543Debt Investments Commercial Services & Supplies Apollo Group Holdco, LLC (Topsail) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.30% Maturity 12/26/20302025-03-310001834543ck0001834543:G-3ApolloAcquisitionCorpApprissRetailOneMember2025-01-012025-03-310001834543ck0001834543:RialtoManagementGroupLLCMember2024-12-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Delayed Draw Term Loan B Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity Date 8/27/20302024-12-310001834543us-gaap:NonUsMembersrt:MinimumMember2025-03-310001834543Debt Investments Specialty Retail2024-12-310001834543Equity Securities Internet Software & Services SuCo Investors, LP (Suited Connector) Warrants to Purchase Class A Units Maturity 3/6/20332025-03-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Delayed Draw Term Loan A Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity Date 8/27/20302024-12-310001834543us-gaap:UnsecuredDebtMember2021-12-310001834543us-gaap:FairValueInputsLevel3Member2024-12-310001834543Debt Investments Diversified Financial Services Foreside Financial Group, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.35% Total Coupon 9.71% Maturity 9/1/20272024-12-310001834543ck0001834543:ForesideFinancialGroupLlcMember2025-01-012025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) Sr Secured Revolver (2.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.92% Maturity 11/23/20272025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310001834543srt:MinimumMemberck0001834543:DeemedInvestmentMember2024-12-310001834543Investment 48forty Intermediate Holdings, Inc. (Alpine Acquisition), Common Stock Acquisition Date 11/5/20242024-01-012024-12-310001834543ck0001834543:PlaypowerIncMember2025-03-310001834543us-gaap:RetainedEarningsMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2024-12-310001834543Debt Investments Insurance Alera Group, Inc. First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.61% Maturity 9/30/20282024-12-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Term Loan (2.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.92% Maturity 11/23/20272025-03-310001834543ck0001834543:SmarshIncMember2025-01-012025-03-310001834543ck0001834543:CapitalCallFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMember2023-06-152023-06-150001834543 Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.30% Maturity 8/21/20282025-03-310001834543Debt Investments Diversified Financial Services Accordion Partners LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.54% Maturity 11/15/20312025-03-310001834543Debt Investments Software Kaseya, Inc. First Lien Delayed Draw Term Loan One Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 10.09% Maturity 6/25/20292024-12-310001834543ck0001834543:CapitalCallFacilityMemberus-gaap:PrimeRateMember2021-06-182021-06-180001834543Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.75% Total Coupon 12.08% Maturity Date 9/27/20272024-12-310001834543Debt Investments Software G-3 Apollo Acquisition Corp (Appriss Retail) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.29% Maturity 3/10/20312025-03-310001834543ck0001834543:FusionHoldingCorpMember2025-03-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.32% Maturity 9/04/20292025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2025-03-310001834543Debt Investments Diversified Financial Services Rialto Management Group, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.53% Maturity 12/5/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMembersrt:MaximumMember2025-03-310001834543Debt Investments Capital Markets PMA Parent Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.55% Maturity 1/31/20312025-03-310001834543Debt Investments Diversified Financial Services Wharf Street Rating Acquisition LLC (KBRA) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.42% Maturity 12/10/20272025-03-310001834543ck0001834543:AccordionPartnersLlcMember2025-01-012025-03-310001834543ck0001834543:PmaParentHoldingLlcMember2025-03-310001834543Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.26% Maturity 05/31/20302024-12-310001834543Debt Investments Software Zendesk Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 11/22/20282025-03-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMember2024-12-310001834543Debt Investments Household Durables Bad Boy Mowers JV Acquisition, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.45% Maturity 11/9/20292024-12-310001834543Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.05% Maturity 8/23/20282025-03-310001834543ck0001834543:ModigentLlcMember2025-01-012025-03-310001834543Debt Investments Software GTY Technology Holdings Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 2.50% Cash + 4.125% PIK Total Coupon 10.92% Maturity 7/9/20292025-03-310001834543ck0001834543:LondonInterbankOfferedRateMemberck0001834543:CapitalCallFacilityMember2021-06-182021-06-180001834543ck0001834543:OakPurchaserIncDaysmartMember2025-01-012025-03-310001834543ck0001834543:AlphaSenseIncMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberck0001834543:BankDebtMember2023-12-310001834543ck0001834543:DiscoParentIncDuckCreekTechnologiesMember2024-12-310001834543Debt Investments Insurance Alera Group, Inc. First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 9/30/20282025-03-310001834543Debt Investments Software Zendesk Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.33% Maturity 11/22/20282024-12-310001834543us-gaap:UnsecuredDebtMember2025-03-310001834543Debt Investments Containers & Packaging BW Holding, Inc. (Brook & Whittle) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.65% Total Coupon 11.96% Maturity 12/14/20292025-03-310001834543ck0001834543:LjAvalonHoldingsLlcArdurraMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberck0001834543:BankDebtMember2025-01-012025-03-310001834543ck0001834543:ThunderPurchaserIncVectorSolutionsMember2024-12-310001834543Debt Investments Specialty Retail Supergoop, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.85% Total Coupon 10.17% Maturity 12/28/20282025-03-310001834543Investment Razor US LP, Common Units Acquisition Date 2/28/20242025-01-012025-03-310001834543ck0001834543:UnsecuredPromissoryNoteMember2020-12-110001834543ck0001834543:AvalaraIncMember2025-01-012025-03-310001834543ck0001834543:ALCVPurchaserIncAutoLendersMember2024-12-310001834543ck0001834543:ForesideFinancialGroupLlcMember2025-03-310001834543Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.75% Total Coupon 9.07% Maturity 2/1/20302025-03-310001834543ck0001834543:ThunderPurchaserIncVectorSolutionsMember2025-01-012025-03-310001834543Debt Investments Professional Services Applause App Quality, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.50% Spread 6.00% Total Coupon 10.29% Maturity 10/24/20292025-03-310001834543ck0001834543:FusionRiskManagementIncMember2024-12-310001834543ck0001834543:JpMorganUSTreasuryPlusMoneyMarketFundMember2025-03-310001834543Debt Investments Software AlphaSense, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.58% Maturity Date 06/27/20292024-12-310001834543Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.55% Maturity 9/14/20292025-03-3100018345432025-01-012025-03-310001834543ck0001834543:RialtoManagementGroupLLCMember2025-01-012025-03-310001834543ck0001834543:TitanHomeImprovementLlcRenuityMember2025-03-310001834543ck0001834543:CapitalCallFacilityMember2024-12-310001834543Debt Investments Capital Markets PMA Parent Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 1/31/20312024-12-310001834543ck0001834543:ESOSolutionsIncMember2025-01-012025-03-310001834543ck0001834543:FirstUpIncMember2025-01-012025-03-310001834543ck0001834543:ZendeskIncMember2025-01-012025-03-310001834543Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) Sr Secured Revolver Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.26% Maturity 05/31/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:AdvisorValuationsMemberus-gaap:EquitySecuritiesMember2024-12-310001834543Debt Investments Software Bluefin Holding, LLC (Allvue) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 10.80% Maturity 9/12/20292025-03-3100018345432023-06-152023-06-150001834543ck0001834543:ApprissHealthLLCMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2024-12-310001834543ck0001834543:PeterCFoyAndAssociatesInsuranceServicesLLCMember2025-01-012025-03-310001834543Debt Investments Media Terraboost Media2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2024-03-310001834543Debt Investments Real Estate Management & Development Community Merger Sub Debt LLC (CINC Systems) First Lien Term Loan Ref SOFR(M) Floor 1.50% Spread 6.61% Total Coupon 10.97% Maturity Date 3/21/20272024-12-310001834543ck0001834543:BonterraLlcFkaCyberGrantsHoldingsLlcMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMember2024-12-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Member2025-03-310001834543ck0001834543:CherryBekaertAdvisoryLlcMember2024-12-310001834543ck0001834543:BonterraLlcFkaCyberGrantsHoldingsLlcMember2025-03-310001834543ck0001834543:PubliclyTradedCompanyMembersrt:MinimumMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2024-12-310001834543ck0001834543:CrewlineBuyerIncOneMember2025-03-310001834543Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.92% Maturity 5/13/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2024-01-012024-03-310001834543ck0001834543:HoneyIntermediateIncIlobbyCanadaMember2025-01-012025-03-310001834543ck0001834543:SupergoopLlcMember2025-03-310001834543Debt Investments Software SEP Raptor Acquisition, Inc. (Loopio) (Canada) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.50% Total Coupon 9.93% Maturity 3/31/20272024-12-310001834543ck0001834543:SmarshIncOneMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMember2025-01-012025-03-3100018345432024-12-310001834543Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.75% Total Coupon 9.07% Maturity 2/1/20292025-03-310001834543Debt Investments IT Services Crewline Buyer, Inc. (New Relic) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 11.07% Maturity 11/8/20302025-03-310001834543Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.08% Maturity 5/6/20272024-12-310001834543Investment MXP Prime Platform GmbH (SellerX) (Germany), Warrants to Purchase Common Stock Acquisition Date 11/23/20212024-01-012024-12-310001834543ck0001834543:G-3ApolloAcquisitionCorpApprissRetailMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:AdvisorValuationsMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 1.00% Cash + 9.65% PIK Total Coupon 10.65% Maturity Date 11/30/20262024-12-310001834543Debt Investments Internet Software & Services Civic Plus, LLC First Lien Delay Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.41% Maturity 08/25/20272024-12-310001834543Debt Investments Software Logicmonitor, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.99% Maturity 11/19/20312024-12-310001834543Debt Investments Commercial Services & Supplies Thermostat Purchaser III, Inc. (Reedy Industries) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.40% Total Coupon 11.91% Maturity 8/31/20292024-12-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien PIK Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity Date 8/27/20302024-12-310001834543ck0001834543:AccordionPartnersLlcMember2024-12-310001834543 Debt Investments Diversified Financial Services Libra Solutions Intermediate Holdco, LLC et al (fka Oasis Financial, LLC) Second Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.62% Total Coupon 12.94% Maturity 7/5/20262025-03-310001834543ck0001834543:KaseyaIncOneMember2025-03-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.61% Maturity Date 06/30/20282024-12-310001834543Investment Elevate Brands Holdco, Inc., Warrants to Purchase Preferred New Super Senior Shares Acquisition Date 3/14/20222025-01-012025-03-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan One Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.32% Maturity 9/04/20292025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-03-310001834543ck0001834543:PluralsightIncMember2024-12-310001834543Debt Investments Software Oak Purchaser, Inc. (DaySmart) First Lien Term Loan (1.0% Exit Fee) Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.75% Maturity 4/28/20282024-12-310001834543ck0001834543:InmomentIncMember2025-01-012025-03-310001834543ck0001834543:SellerXGermanyGmbHCoKgGermanyMember2024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2024-12-310001834543Debt Investments Media NEP Group, Inc. et al Second Lien Term Loan Ref SOFR(M) Spread 7.00% Total Coupon 11.47% Maturity Date 10/19/20262024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-03-310001834543Debt Investments Automobiles ALCV Purchaser, Inc. (AutoLenders) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.86% Total Coupon 11.19% Maturity 2/25/20262025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMember2024-12-310001834543Debt Investments Software Clever Devices Ltd. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.66% Maturity Date 6/12/20302024-12-310001834543Debt Investments Road & Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental Term Loan 3 (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.69% Maturity 4/8/20272025-03-310001834543Debt Investments Internet Software & Services Gympass US, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 3.25% Cash +3.25% PIK Total Coupon 10.94% Maturity 08/29/20292025-03-310001834543ck0001834543:BankDebtMemberus-gaap:FairValueInputsLevel2Member2025-03-310001834543Debt Investments Health Care Technology2024-12-310001834543ck0001834543:CapitalCallFacilityMember2023-06-152023-06-150001834543Debt Investments Building Products Porcelain Acquisition Corporation (Paramount) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.10% Total Coupon 10.40% Maturity 4/30/20272025-03-310001834543Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.06% Maturity 05/31/20302025-03-310001834543ck0001834543:KaseyaIncMember2025-03-310001834543Debt Investments Road & Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental 3 Term Loan (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.72% Maturity Date 04/08/20272024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:WeightedAverageMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.75% Total Coupon 12.32% Maturity 2/1/20292024-12-310001834543ck0001834543:AlpineAcquisitionCorpIIMember2025-01-012025-03-310001834543ck0001834543:MadisonLogicHoldingsIncMember2025-03-310001834543ck0001834543:TrintechIncMember2025-01-012025-03-310001834543ck0001834543:ICIMSIncMember2025-01-012025-03-310001834543ck0001834543:HoneyIntermediateIncIlobbyCanadaMember2025-03-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Second Lien Second Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 1.76% Cash + 6.25% PIK Total Coupon 12.60% Maturity 07/27/20282024-12-310001834543 Debt Investments Construction and Engineering PlayPower, Inc First Lien Term Loan One Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 8/28/20302025-03-310001834543Debt Investments Software Clever Devices Ltd. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.32% Maturity 6/12/20302025-03-310001834543ck0001834543:EmeraldTechnologiesUSAcquisitioncoIncMember2025-01-012025-03-310001834543Debt Investments Software Zilliant Incorporated First Lien Term Loan (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.00% Cash + 5.00% PIK Total Coupon 11.36% Maturity 12/21/20272024-12-310001834543Investment Razor US LP, Common Units Acquisition Date 2/28/20242024-01-012024-12-310001834543ck0001834543:SmarshIncTwoMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMember2023-12-310001834543Debt Investments Paper & Forest Products FSK Pallet Holding Corp. (Kamps) First Lien Term Loan Three Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.45% Maturity 12/19/20252025-03-310001834543ck0001834543:IntegrityMarketingAcquisitionLLCMember2025-03-310001834543Debt Investments Software AlphaSense, Inc. First Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.55% Maturity 6/27/20292025-03-310001834543us-gaap:FairValueInputsLevel2Member2025-03-310001834543Debt Investments Health Care Providers & Services CBI-Gator Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.90% Cash + 0.50% PIK Total Coupon 10.73% Maturity 10/25/20272024-12-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC First Lien Term Loan One Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 6/30/20282025-03-310001834543Debt Investments Diversified Consumer Services TL Voltron Purchaser, LLC (GES) First Lien Term Loan Ref SOFR(M) Floor1.00% Spread 5.25% Total Coupon 9.61% Maturity 12/31/203002024-12-310001834543Debt Investments Software AlphaSense, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.55% Maturity 6/27/20292025-03-310001834543ck0001834543:LighthouseParentHoldingsIncApertureOneMember2024-12-310001834543Investment Pluralsight, Inc., Common Stock Acquisition Date 8/22/20242025-01-012025-03-310001834543Debt Investments Software SEP Raptor Acquisition, Inc. (Loopio) (Canada) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 5.50% Total Coupon 9.93% Maturity 3/31/20272025-03-310001834543ck0001834543:CapitalCallFacilityMemberck0001834543:OneMonthSecuredOvernightFinancingRateDataMember2023-06-152023-06-150001834543Debt Investments Internet Software & Services Civic Plus, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.41% Maturity 8/24/20272024-12-310001834543Debt Investments Paper & Forest Products FSK Pallet Holding Corp. (Kamps) First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.65% Total Coupon 11.33% Maturity Date 12/23/20262024-12-310001834543Debt Investments Life Sciences Tools & Services2025-03-310001834543Debt Investments Consumer Finance Freedom Financial Network Funding, LLC First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 9.25% Total Coupon 13.53% Maturity 9/21/20272024-12-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.42% Maturity 8/27/20302025-03-310001834543Debt Investments Software Howlco, LLC, (Lone Wolf) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.15% Cash + 3.50% PIK Total Coupon 10.96% Maturity 10/23/20272025-03-310001834543ck0001834543:ApplauseAppQualityIncMember2025-03-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 9.01% Maturity 8/22/2029 One2024-12-310001834543Debt Investments Semiconductors & Semiconductor Equipment2025-03-310001834543ck0001834543:JpMorganUSTreasuryPlusMoneyMarketFundMember2024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberck0001834543:MeasurementInputEBITDARevenueMultipleMembersrt:MaximumMember2025-03-310001834543ck0001834543:PmaParentHoldingLlcMember2025-01-012025-03-310001834543ck0001834543:HuckabeeAcquisitionLLCMoregroupMember2024-12-310001834543ck0001834543:InterceptBidcoIncMember2025-01-012025-03-310001834543ck0001834543:IntegrateComIncMember2025-03-310001834543Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.87% Maturity 8/21/20282024-12-310001834543Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity Date 1/16/20302024-12-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) First Lien A1 Term Loan Ref SOFR(Q) Floor 2.00% Spread 4.50% Cash + 4.50% PIK Total Coupon 13.49% Maturity 5/23/20262025-03-310001834543ck0001834543:CapitalCallFacilityMember2022-12-310001834543Debt Investments Software Kaseya, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.83% Maturity 6/25/20292024-12-310001834543ck0001834543:ICIMSIncMember2024-12-310001834543Investment Streamland Media LLC., Common Units Acquisition Date 3/31/20252025-01-012025-03-310001834543ck0001834543:KaseyaIncOneMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2025-03-310001834543Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.05% Maturity 8/23/20282025-03-310001834543Debt Investments Capital Markets PMA Parent Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 1/31/20312024-12-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity Date 8/27/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMembersrt:MaximumMember2024-12-310001834543ck0001834543:SmarshIncTwoMember2024-12-310001834543Debt Investments Software Trintech, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.82% Maturity 7/25/20292025-03-310001834543ck0001834543:CommunityMergerSubDebtLLCCincSystemsMember2025-03-310001834543Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.65% Total Coupon 9.98% Maturity 6/30/20272024-12-310001834543Equity Securities2024-12-310001834543Debt Investments Professional Services ICIMS, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.34% Maturity Date 8/18/20282024-12-310001834543Debt Investments Internet Software & Services InMoment, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Cash + 2.50% PIK Total Coupon 11.32% Maturity 6/8/20282025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2025-03-310001834543Debt Investments Paper & Forest Products2024-12-310001834543Debt Investments Diversified Financial Services2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:IndependentThirdPartyValuationMember2024-01-012024-03-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.01% Total Coupon 11.60% Maturity 07/27/20282024-12-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 10.81% Maturity 7/19/20302025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001834543:MeasurementInputIndicativeBidAskQuotesMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMember2024-12-310001834543Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.30% Maturity 8/21/20282025-03-310001834543Debt Investments Life Sciences Tools & Services Alcami Corporation Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 7.10% Total Coupon 11.44% Maturity Date 12/21/20282024-12-310001834543Debt Investments Internet Software & Services InMoment, Inc. First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Cash + 2.50% PIK Total Coupon 11.95% Maturity 6/8/20282024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputEBITDARevenueMultipleMemberus-gaap:EquitySecuritiesMember2024-12-310001834543ck0001834543:AlcamiCorporationMember2025-03-310001834543Equity Securities Diversified Consumer Services Total2025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.96% Maturity 11/23/20272024-12-310001834543Equity Securities Diversified Consumer Services MXP Prime Platform GmbH (SellerX) (Germany) Warrants to Purchase Common Stock Maturity 7/25/20302024-12-310001834543us-gaap:CommonStockMember2023-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2023-12-310001834543ck0001834543:CapitalCallFacilityMemberck0001834543:OneMonthLondonInterbankOfferedRateLIBORMember2021-06-182021-06-180001834543ck0001834543:TrintechIncMember2024-12-310001834543us-gaap:SubsequentEventMemberck0001834543:O2025Q1DividendsMember2025-05-082025-05-080001834543ck0001834543:EDiscoveryAcquireCoLlcMember2025-03-310001834543Debt Investments IT Services Indera, Inc. Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.75% Total Coupon 11.47% Maturity 2/4/20292024-12-310001834543ck0001834543:ModigentLlcMember2024-12-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 6.50% Total Coupon 11.86% Maturity 7/19/20302024-12-310001834543ck0001834543:SellerxGermanyGmbhCoKgGermanyOneMember2024-12-310001834543Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 7.10% Total Coupon 11.42% Maturity 12/21/20282025-03-310001834543Debt Investments Software2025-03-310001834543us-gaap:RetainedEarningsMember2024-01-012024-03-310001834543Debt Investments IT Services CrewLine Buyer, Inc. (New Relic) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.35% Maturity 11/8/20302024-12-310001834543Debt Investments Health Care Providers & Services RecordXTechnologies, LLC (Ontellus) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity 5/20/20302024-12-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25 Total Coupon 10.54% Maturity 7/27/20282025-03-310001834543Debt Investments Media Streamland Media Midco LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 14.09% PIK Total Coupon 14.09% Maturity Date 3/31/2025 One2024-12-310001834543ck0001834543:AccordionPartnersLlcOneMember2025-03-310001834543Investment Worldremit Group Limited (United Kingdom), Warrants to Purchase Series E Stock Acquisition Date 8/27/20212024-01-012024-12-310001834543Debt Investments Internet Software & Services2024-12-310001834543Debt Investments Health Care Technology Gainwell Acquisition Corp. Second Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 8.10% Total Coupon 12.68% Maturity 10/2/20282024-12-310001834543Debt Investments Media Kid Distro Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.90% Total Coupon 9.49% Maturity Date 10/01/20292024-12-310001834543ck0001834543:ApplauseAppQualityIncMember2024-12-310001834543Debt Investments Real Estate Management & Development2024-12-310001834543Debt Investments Consumer Finance Freedom Financial Network Funding, LLC First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 9.25% Total Coupon 13.53% Maturity 9/21/20272025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 9.10% PIK Total Coupon 13.54% Maturity 3/13/20252024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMembersrt:MaximumMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Media Kid Distro Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.90% Total Coupon 9.49% Maturity Date 10/01/20292024-12-310001834543Investment Pluralsight, Inc., Common Stock Acquisition Date 8/22/20242024-01-012024-12-310001834543Debt Investments Health Care Technology2025-03-310001834543Debt Investments Health Care Providers & Services2025-03-310001834543Debt Investments Internet Software & Services Suited Connector, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.20% Cash + 2.00% PIK Total Coupon 12.72% Maturity 12/1/20272024-12-310001834543ck0001834543:StreamlandMediaMidcoLlcMember2025-03-310001834543ck0001834543:JpMorganUSTreasuryPlusMoneyMarketFundMember2025-01-012025-03-310001834543ck0001834543:DiscoParentIncDuckCreekTechnologiesMember2025-01-012025-03-310001834543Debt Investments Commercial Services & Supplies Apollo Group Holdco, LLC (Topsail) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.33% Maturity 12/26/20302024-12-310001834543 Debt Investments Consumer Finance2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2025-03-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-03-310001834543ck0001834543:LjAvalonHoldingsLlcArdurraMember2025-03-310001834543ck0001834543:AlphaSenseIncMember2025-03-310001834543Investment Worldremit Group Limited (United Kingdom), Warrants to Purchase Series E Stock Acquisition Date 8/27/20212025-01-012025-03-310001834543Total Investments - 83.59% of Net Assets2025-03-310001834543ck0001834543:DNAnexusIncMember2025-03-310001834543srt:MinimumMember2025-03-310001834543ck0001834543:EmeraldTechnologiesUSAcquisitioncoIncMember2025-03-310001834543ck0001834543:VortexCompaniesLLCMember2024-12-310001834543Debt Investments Software Fusion Risk Management, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.33% Maturity 5/22/20292025-03-310001834543Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.25% Total Coupon 11.54% Maturity 2/1/20292025-03-310001834543ck0001834543:InmomentIncMember2025-03-310001834543Debt Investments Software Logicmonitor, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.79% Maturity 11/19/20312025-03-310001834543Debt Investments Software Lightspeed Solutions, LLC First Lien Incremental Term Loan Ref SOFR(M) Floor 0.75% Spread 2.85% Cash + 3.65% PIK Total Coupon 10.83% Maturity 3/1/20282025-03-310001834543Debt Investments Construction and Engineering2024-12-310001834543ck0001834543:ALCVPurchaserIncAutoLendersMember2025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputEBITDARevenueMultipleMemberus-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Software Clever Devices Ltd. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.36% Maturity Date 6/12/20302024-12-310001834543Debt Investments Media Kid Distro Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.90% Total Coupon 9.49% Maturity Date 10/01/2029 One2024-12-310001834543Debt Investments Diversified Financial Services Accuserve Solutions, Inc First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.25% Total Coupon 10.03% Maturity 3/15/20302024-12-310001834543ck0001834543:SmarshIncTwoMember2025-03-310001834543Equity Securities Diversified Financial Services Total2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberus-gaap:EquitySecuritiesMember2024-12-310001834543ck0001834543:LighthouseParentHoldingsIncApertureMember2025-03-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) One First Lien Delayed Draw Term Loan One (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.32% Maturity 8/17/20252025-03-310001834543Debt Investments IT Services Intercept Bidco, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.32% Maturity 6/3/20302025-03-310001834543Debt Investments Diversified Financial Services Accordion Partners LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.55% Maturity 11/15/20312025-03-310001834543ck0001834543:TitanHomeImprovementLlcRenuityOneMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001834543ck0001834543:CapitalCallFacilityMembersrt:MinimumMember2023-06-152023-06-150001834543Debt Investments Road & Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental Term Loan 1 (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.69% Maturity 4/8/20272025-03-310001834543Debt Investments Software Integrate.com, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.23% Maturity 12/17/20272024-12-310001834543ck0001834543:G-3ApolloAcquisitionCorpApprissRetailOneMember2025-03-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 9.00% Total Coupon 13.49% Maturity 11/22/20292024-12-310001834543Debt Investments Software GTY Technology Holdings Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.67% Cash + 4.45% PIK Total Coupon 11.68% Maturity Date 7/9/20292024-12-310001834543ck0001834543:LogicmonitorIncMember2025-01-012025-03-310001834543Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.62% Maturity Date 12/20/20292024-12-310001834543Debt Investments Software Smarsh, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.05% Maturity 2/18/20292025-03-310001834543Debt Investments Internet Software & Services e-Discovery Acquireco, LLC (Reveal) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.76% Maturity 8/29/20292024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceThreeMember2025-03-310001834543ck0001834543:GtyTechnologyHoldingsIncMember2025-01-012025-03-310001834543ck0001834543:InterceptBidcoIncOneMember2024-12-310001834543Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.57% Maturity 12/20/20292025-03-310001834543ck0001834543:OranjeHoldcoIncKnowbe4IncMember2025-03-310001834543ck0001834543:CapitalCallFacilityMember2024-09-300001834543Debt Investments Software Integrate.com, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.65 Cash + 2.25% PIK Total Coupon 11.23% Maturity 12/17/20272024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberck0001834543:BankDebtMember2025-03-310001834543Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.26% Maturity 05/31/20302024-12-310001834543 Debt Investments Diversified Financial Services Rialto Management Group, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.32% Maturity 12/5/20302025-03-310001834543Debt Investments Construction and Engineering2025-03-310001834543Debt Investments Real Estate Management & Development Community Merger Sub Debt LLC (CINC Systems) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 1/18/20302025-03-310001834543Debt Investments Insurance AmeriLife Holdings LLC Sr Secured Revolver Ref SOFR(S) Floor 0.75% Spread 5.00% Total Coupon 9.26% Maturity 8/31/20282025-03-310001834543Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.40% Total Coupon 9.70% Maturity 6/30/20282025-03-310001834543Debt Investments, Insurance2024-12-310001834543Debt Investments Health Care Providers & Services CBI-Gator Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.90% Cash + 0.50% PIK Total Coupon 10.70% Maturity 10/25/20272025-03-310001834543ck0001834543:AccordionPartnersLlcOneMember2025-01-012025-03-310001834543ck0001834543:DNAnexusIncMember2024-12-310001834543ck0001834543:IntegrateComIncMember2024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberck0001834543:BankDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2024-12-310001834543ck0001834543:FusionHoldingCorpMember2025-01-012025-03-310001834543Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series E Stock Maturity 8/17/20312024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputIndicativeBidAskQuotesMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMember2024-12-310001834543Equity Securities Internet Software & Services Pluralsight, Inc. Common Stock2025-03-310001834543Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.08% Maturity 5/6/20272024-12-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 12.01% PIK Total Coupon 12.01% Maturity 8/22/20292024-12-310001834543ck0001834543:SerranoParentLlcSumoLogicMember2024-12-310001834543ck0001834543:KidDistroHoldingsLlcMember2024-12-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 9.01% Maturity 8/22/20292024-12-310001834543Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.37% Maturity Date 12/20/20312024-12-310001834543ck0001834543:CherryBekaertAdvisoryLlcOneMember2025-01-012025-03-310001834543Debt Investments Diversified Consumer Services TL Voltron Purchaser, LLC (GES) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.57% Maturity 12/31/20302025-03-310001834543ck0001834543:DouglasHoldingsIncDocupaceThreeMember2024-12-310001834543Debt Investments Diversified Financial Services Accordion Partners LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.54% Maturity 11/15/20312025-03-310001834543srt:MaximumMember2025-01-012025-03-310001834543Debt Investments Software Nvest, Inc. (SigFig) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 7.50% Total Coupon 12.50% Maturity 9/15/20262024-12-310001834543ck0001834543:SmarshIncOneMember2025-01-012025-03-310001834543ck0001834543:WharfStreetRatingAcquisitionLlcKbraMember2025-03-310001834543Debt Investments Internet Software & Services e-Discovery Acquireco, LLC (Reveal) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.08% Maturity 08/29/20292025-03-310001834543Debt Investments Health Care Providers & Services CBI-Gator Acquisition, LLC Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.85% Cash + 0.50% PIK Total Coupon 10.69% Maturity 10/25/20272024-12-310001834543ck0001834543:GtyTechnologyHoldingsIncOneMember2025-03-310001834543Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Preferred Series A1 Shares Maturity 4/28/20282025-03-310001834543Debt Investments Health Care Technology ESO Solutions, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.07% Maturity 5/3/20272025-03-310001834543Debt Investments Media Streamland Media Midco LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 14.09% PIK Total Coupon 14.09% Maturity Date 3/31/20252024-12-310001834543Investment SuCo Investors, LP (Suited Connector), Warrants to Purchase Class A Units Acquisition Date 3/6/20232025-01-012025-03-310001834543ck0001834543:KidDistroHoldingsLlcMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:IndependentThirdPartyValuationMember2025-01-012025-03-310001834543Debt Investments Software GTY Technology Holdings Inc. Sr Secured Revolver Ref Prime Floor 1.00% Spread 5.00% Total Coupon 12.50% Maturity 7/9/20292025-03-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 9.01% Maturity 8/22/20292024-12-310001834543Debt Investments IT Services2025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2025-01-012025-03-310001834543Debt Investments Health Care Providers & Services PHC Buyer, LLC (Patriot Home Care) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.51% Maturity 5/4/20282024-12-310001834543Debt Investments Oil, Gas & Consumable Fuels Palmdale Oil Company, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 11.23% Maturity Date 10/02/20292024-12-310001834543Debt Investments Automobiles ALCV Purchaser, Inc. (AutoLenders) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.01% Total Coupon 11.34% Maturity 2/25/20262024-12-310001834543us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2025-03-310001834543Investment Worldremit Group Limited (United Kingdom), Warrants to Purchase Series D Stock Acquisition Date 2/11/20212025-01-012025-03-310001834543ck0001834543:BluefinHoldingLlcMember2024-12-310001834543Debt Investments Internet Software & Services Oranje Holdco, Inc. (KnowBe4) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.25% Total Coupon 11.82% Maturity 2/1/20292024-12-310001834543ck0001834543:ValuationDesigneeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-01-012025-03-310001834543Debt Investments Software Clever Devices Ltd. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.32% Maturity 6/12/20302025-03-310001834543ck0001834543:AlcamiCorporationMember2024-12-310001834543Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Preferred New Super Senior Shares Maturity 7/25/20302025-03-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.36% Maturity 9/04/20292024-12-310001834543Equity Securities Diversified Consumer Services Razor US LP Common Units2025-03-310001834543Debt Investments Software Zendesk Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.33% Maturity 11/22/20282024-12-310001834543ck0001834543:DNAnexusIncMember2025-01-012025-03-310001834543Debt Investments IT Services Intercept Bidco, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.47% Maturity 6/3/20302024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputIndicativeBidAskQuotesMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMember2025-03-310001834543ck0001834543:KaseyaIncMember2024-12-310001834543Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.77% Maturity 10/15/20312024-12-310001834543us-gaap:FairValueInputsLevel3Member2025-03-310001834543Debt Investments Consumer Finance2024-12-310001834543ck0001834543:PubliclyTradedCompanyMember2024-12-310001834543ck0001834543:CherryBekaertAdvisoryLlcOneMember2024-12-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 9.00% Total Coupon 13.30% Maturity 11/22/20292025-03-310001834543ck0001834543:VortexCompaniesLLCMember2025-03-310001834543Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.60% Total Coupon 9.93% Maturity 11/30/20272024-12-310001834543Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.48% Maturity 5/6/20272025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputBookValueMultiplesMember2025-01-012025-03-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Delayed Draw Term Loan B Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.42% Maturity 8/27/20302025-03-310001834543Debt Investments Media Streamland Media Midco LLC Last Out Term Loan Ref SOFR(M) Floor 0.00% Spread 1.00% Cash + 5.50% PIK Total Coupon 10.80% Maturity 3/31/20292025-03-310001834543Debt Investments Software G-3 Apollo Acquisition Corp (Appriss Retail) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.29% Maturity 3/10/20312025-03-310001834543Equity Securities Internet Software & Services Total2025-03-310001834543Debt Investments Electrical Equipment2025-03-310001834543Debt Investments Containers & Packaging BW Holding, Inc. (Brook & Whittle) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.65% Total Coupon 12.16% Maturity 12/14/20292024-12-310001834543Debt Investments Commercial Services & Supplies2025-03-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Term Loan One Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 8.83% Maturity 8/22/20292025-03-310001834543ck0001834543:AmerilifeHoldingsLlcOneMember2024-12-310001834543ck0001834543:CrewlineBuyerIncOneMember2025-01-012025-03-310001834543Debt Investments Specialty Retail Supergoop, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.85% Total Coupon 10.17% Maturity 12/28/20282025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberck0001834543:IndependentThirdPartyValuationMember2025-03-310001834543ck0001834543:SmarshIncMember2024-12-310001834543Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien PIK Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.42% Maturity 8/27/20302025-03-310001834543ck0001834543:PluralsightIncMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-03-310001834543ck0001834543:PubliclyTradedCompanyMembersrt:MinimumMember2025-03-310001834543Debt Investments Software Integrate.com, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.20% Maturity 12/17/20272025-03-310001834543Debt Investments Construction and Engineering PlayPower ,Inc First Lein Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 8/28/20302024-12-310001834543Debt Investments Building Products Trulite Holding Corp. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.59% Maturity 2/22/20302024-12-310001834543Debt Investments Software Trintech, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.86% Maturity 7/25/20292024-12-310001834543ck0001834543:TitanHomeImprovementLlcRenuityMember2024-12-310001834543Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 10/15/20312025-03-310001834543Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.30% Maturity 8/21/20282025-03-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 6/30/20282025-03-310001834543Debt Investments Internet Software & Services Gympass US, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 3.25% Cash + 3.25% PIK Total Coupon 10.97% Maturity 8/29/20292024-12-310001834543Investment Elevate Brands Holdco, Inc., Warrants to Purchase Preferred New Super Senior Shares Acquisition Date 3/14/20222024-01-012024-12-310001834543ck0001834543:InterceptBidcoIncOneMember2025-01-012025-03-310001834543Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Common Stock Maturity 7/25/20302024-12-310001834543ck0001834543:SailpointTechnologiesHoldingsIncMember2025-03-310001834543Debt Investments IT Services Avalara, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.58% Maturity 10/19/20282024-12-310001834543Equity Securities Professional Services JobandTalent USA, Inc. (United Kingdom) F3 Preferred Stock 2025-03-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Term Loan (3.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.86% Total Coupon 13.22% Maturity Date 08/17/20252024-12-310001834543ck0001834543:CherryBekaertAdvisoryLlcMember2025-03-310001834543Cash and Cash Equivalents2024-12-310001834543Debt Investments Media Kid Distro Holdings, LLC First Lien Term Loan One Ref SOFR(Q) Floor 1.00% Spread 4.90% Total Coupon 9.19% Maturity 10/1/20292025-03-310001834543Debt Investments Software Cart.Com, Inc. First Lien Term Loan (2.5% Exit Fee) Ref SOFR(M) Floor 1.50% Spread 7.75% Total Coupon 12.11% Maturity Date 05/22/20292024-12-310001834543Debt Investments Software SEP Raptor Acquisition, Inc. (Loopio) (Canada) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.50% Total Coupon 9.93% Maturity 3/31/2027 - One2025-03-310001834543Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Lien A Term Loan Ref Fixed Spread 2.50% Cash + 5.00% PIK Total Coupon 7.50% Maturity 9/30/20282024-12-310001834543Debt Investments Building Products Porcelain Acquisition Corporation (Paramount) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.10% Total Coupon 10.43% Maturity 4/30/20272024-12-310001834543ck0001834543:CapitalCallFacilityMemberck0001834543:FederalFundsMember2023-06-152023-06-150001834543Debt Investments Diversified Financial Services Libra Solutions Intermediate Holdco, LLC et al (fka Oasis Financial, LLC) Second Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.62% Total Coupon 12.94% Maturity 7/5/20262025-03-310001834543Debt Investments Software Integrate.com, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.20% Maturity 12/17/20272025-03-310001834543ck0001834543:OranjeHoldcoIncKnowbe4IncMember2025-01-012025-03-310001834543ck0001834543:CapitalCallFacilityMember2021-12-3100018345432020-11-302024-12-310001834543ck0001834543:AlpineAcquisitionCorpIIMember2024-12-310001834543Investment Grey Orange International Inc., Warrants to Purchase Common Stock Acquisition Date 5/6/20222025-01-012025-03-310001834543ck0001834543:AccordionPartnersLlcMember2025-03-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.83% Maturity 11/1/20282024-12-310001834543Investment JobandTalent USA, Inc. (United Kingdom), F1 Preferred Stock Acquisition Date 2/11/20252025-01-012025-03-310001834543Debt Investments Diversified Financial Services Accuserve Solutions, Inc First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 5.25% Total Coupon 9.53% Maturity 3/15/20302025-03-310001834543Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.57% Maturity 9/26/20302025-03-310001834543Debt Investments Diversified Financial GC Champion Acquisition LLC (Numerix) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.87% Maturity 8/21/20282024-12-310001834543Debt Investments Semiconductors & Semiconductor Equipment Emerald Technologies (U.S.) AcquisitionCo, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.35% Total Coupon 10.67% Maturity 12/29/20272025-03-310001834543Debt Investments Internet Software & Services Pluralsight, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 8.83% Maturity 8/22/20292025-03-3100018345432020-11-302025-03-310001834543Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 12/20/20312025-03-310001834543Debt Investments Wireless Telecommunication Services OpenMarket, Inc. (Infobip) (United Kingdom) First Lien Term Loan Ref SOFR(Q) Spread 6.51% Total Coupon 10.81% Maturity 9/17/20262025-03-310001834543Debt Investments Software Kong Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50%Cash + 3.25% PIK Total Coupon 13.42% Maturity 11/1/20272024-12-310001834543Debt Investments Internet Software & Services Suited Connector, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.20% Cash +1.00% PIK Total Coupon 11.52% Maturity 12/1/20272025-03-310001834543Debt Investments Software Aras Corporation First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity Date 4/13/20292024-12-310001834543us-gaap:RetainedEarningsMember2024-12-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.83% Maturity 11/1/20282024-12-310001834543ck0001834543:ZendeskIncOneMember2025-01-012025-03-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) Sr Secured Revolver Ref SOFR(S) Floor 0.75% Spread 5.50% Total Coupon 11.59% Maturity 11/1/20272024-12-310001834543ck0001834543:OranjeHoldcoIncKnowbe4IncMember2024-12-310001834543Debt Investments Specialty Retail2025-03-310001834543ck0001834543:InterceptBidcoIncMember2024-12-310001834543Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 7.00% Total Coupon 11.33% Maturity Date 9/8/20272024-12-310001834543ck0001834543:AvalaraIncMember2025-03-310001834543Debt Investments Health Care Technology ESO Solutions, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.28% Maturity 5/3/20272024-12-310001834543ck0001834543:CrewlineBuyerIncOneMember2024-12-310001834543ck0001834543:CapitalCallFacilityMemberck0001834543:UnsecuredPromissoryNoteMember2025-03-310001834543ck0001834543:BankDebtMember2025-03-310001834543ck0001834543:JpMorganUSTreasuryPlusMoneyMarketFundMember2024-01-012024-12-310001834543ck0001834543:HoneyIntermediateIncIlobbyCanadaMember2024-12-310001834543Investment Elevate Brands Holdco, Inc., Warrants to Purchase Common Shares Acquisition Date 3/14/20222025-01-012025-03-310001834543Debt Investments Road & Rail2025-03-310001834543Equity Securities Healthcare Providers and Services INH Buyer, Inc. (IMA Health) Preferred Stock2025-03-310001834543Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.36% Maturity 9/04/20292024-12-310001834543ck0001834543:SellerxGermanyGmbhCoKgGermanyOneMember2025-03-310001834543Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 10.83% Maturity 8/23/20282024-12-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 9.10% PIK Total Coupon 13.42% Maturity 11/23/20272025-03-310001834543Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.06% Maturity 5/30/20302025-03-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:BankDebtMemberck0001834543:MeasurementInputEBITDARevenueMultipleMember2025-03-310001834543Debt Investments Software GTY Technology Holdings Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.21% Maturity Date 7/9/20292024-12-310001834543Debt Investments Professional Services Cherry Bekaert Advisory, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 6/30/20282025-03-310001834543Debt Investments Software Zendesk Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 11/22/20282025-03-310001834543Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 10/15/20312025-03-310001834543ck0001834543:CivicPlusLlcMember2025-01-012025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2024-12-310001834543us-gaap:UnsecuredDebtMember2024-12-310001834543ck0001834543:ESOSolutionsIncMember2025-03-310001834543ck0001834543:GtyTechnologyHoldingsIncMember2025-03-310001834543Debt Investments Software Zilliant Incorporated Sr Secured Revolver (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.10% Cash + 5.00% PIK Total Coupon 11.42% Maturity 12/21/20272025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:IndependentThirdPartyValuationMember2025-03-310001834543Debt Investments2024-12-310001834543ck0001834543:CherryBekaertAdvisoryLlcOneMember2025-03-310001834543Debt Investments Software Lightspeed Solutions, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 2.85% Cash + 3.65% PIK Total Coupon 10.83% Maturity 3/1/20282025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Delayed Draw Term Loan (2.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.92% Maturity 11/23/20272025-03-310001834543Debt Investments Building Products2025-03-310001834543Debt Investments Diversified Consumer Services Accordion Partners LLC Instrument First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 11/15/20312024-12-3100018345432024-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputEBITDARevenueMultipleMemberus-gaap:EquitySecuritiesMember2024-12-310001834543Debt Investments Software Smarsh, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.00% Spread 4.75% Total Coupon 9.05% Maturity 2/18/20292025-03-310001834543ck0001834543:ApprissHealthLLCMember2025-03-310001834543ck0001834543:MadisonLogicHoldingsIncMember2024-12-310001834543ck0001834543:FusionRiskManagementIncMember2025-03-310001834543Debt Investments Health Care Technology ESO Solutions, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.27% Maturity 5/3/20272024-12-310001834543Debt Investments Diversified Financial Services Libra Solutions Intermediate Holdco, LLC et al (fka Oasis Financial, LLC) Second Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.62% Total Coupon 12.97% Maturity 7/5/20262024-12-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) Sr Secured Revolver Ref SOFR(Q) Spread 5.00% Total Coupon 9.57% Maturity 10/28/20262024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceOneMember2025-01-012025-03-310001834543Debt Investments Beverages JP Intermediate B, LLC (Juice Plus) First Lien Term Loan Ref Prime Floor 1.00% Spread 6.50% Total Coupon 14.50% Maturity 11/20/20252024-12-310001834543Debt Investments Health Care Providers & Services INH Buyer, Inc. (IMA Health) First Lien Term Loan (1.5% Exit Fee) Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 11.43% Maturity 6/28/20282024-12-310001834543ck0001834543:DouglasHoldingsIncDocupaceMember2025-01-012025-03-310001834543Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 10.83% Maturity 8/23/20282024-12-310001834543Debt Investments IT Services Madison Logic Holdings, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 7.00% Cash + 0.50% PIK Total Coupon 11.84% Maturity 12/29/20282024-12-310001834543Debt Investments Media Streamland Media Midco LLC First Out Term Loan Ref SOFR(M) Floor 1.00% Spread 1.00% Cash + 4.50% PIK Total Coupon 9.80% Maturity 3/31/20292025-03-310001834543Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.30% Maturity 12/20/20312025-03-310001834543ck0001834543:VortexCompaniesLLCMember2025-01-012025-03-310001834543ck0001834543:SEPRaptorAcquisitionIncMember2025-03-310001834543Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.05% Maturity 8/23/20272025-03-310001834543ck0001834543:ICIMSIncMember2025-03-310001834543ck0001834543:CapitalCallFacilityMemberck0001834543:FederalFundsMember2021-06-182021-06-180001834543ck0001834543:EDiscoveryAcquireCoLlcMember2025-01-012025-03-310001834543Debt Investments Professional Services Applause App Quality, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.50% Spread 6.00% Total Coupon 10.30% Maturity 10/24/20292025-03-310001834543Equity Securities Software Grey Orange International Inc. Warrants to Purchase Common Stock Maturity 5/6/20322025-03-310001834543ck0001834543:ZilliantIncorporatedMember2025-01-012025-03-310001834543Debt Investments Software AlphaSense, Inc. First Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.58% Maturity Date 06/27/20292024-12-310001834543us-gaap:FairValueInputsLevel2Member2024-12-310001834543Debt Investments Consumer Finance Money Transfer Acquisition Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.35% Total Coupon 12.67% Maturity 12/14/20272025-03-310001834543Investment SuCo Investors, LP (Suited Connector), Warrants to Purchase Class A Units Acquisition Date 3/6/20232024-01-012024-12-310001834543us-gaap:AdditionalPaidInCapitalMember2023-12-310001834543Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Lien A Term Loan Ref Fixed Floor 0% Spread 2.50% Cash + 5.00% PIK Total Coupon 7.50% Maturity 9/30/20282025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:IndependentThirdPartyValuationMember2024-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 1.00% Cash + 9.65% PIK Total Coupon 10.65% Maturity Date 11/30/20262024-12-310001834543ck0001834543:NonControlledNonAffiliatedInvestmentsMember2024-01-012024-03-310001834543us-gaap:EquitySecuritiesMember2025-03-310001834543Debt Investments Software Oak Purchaser, Inc. (DaySmart) First Lien Term Loan (1.0% Exit Fee) Ref SOFR(S) Floor 0.75% Spread 5.50% Total Coupon 9.72% Maturity 4/28/20282025-03-310001834543ck0001834543:UnsecuredPromissoryNoteMember2025-03-310001834543Investment Razor Group GmbH (Germany), Warrants to Purchase Series C Shares Acquisition Date 12/23/20222025-01-012025-03-310001834543Equity Securities Paper and Forest Products 48forty Intermediate Holdings, Inc. Common Stock2025-03-310001834543ck0001834543:AlcamiCorporationMember2025-01-012025-03-310001834543Debt Investments Real Estate Management & Development Community Merger Sub Debt LLC (CINC Systems) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.75% Total Coupon 10.11% Maturity Date 1/18/20302024-12-310001834543ck0001834543:ModigentLlcMember2025-03-310001834543Debt Investments Software Bluefin Holding, LLC (Allvue) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.64% Maturity Date 09/12/20292024-12-310001834543ck0001834543:FusionHoldingCorpMember2024-12-310001834543us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2025-03-310001834543us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2024-12-310001834543Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Preferred New Super Senior Shares Maturity 7/25/20302024-12-310001834543Debt Investments Specialty Retail Hanna Andersson, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.35% Total Coupon 10.67% Maturity 7/2/20262025-03-310001834543ck0001834543:EmeraldTechnologiesUSAcquisitioncoIncMember2024-12-310001834543us-gaap:CommonStockMember2025-03-310001834543Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.60% Total Coupon 9.90% Maturity 11/30/20272025-03-310001834543Debt Investments IT Services2024-12-310001834543ck0001834543:KidDistroHoldingsLlcMember2025-01-012025-03-310001834543ck0001834543:NonControlledNonAffiliatedInvestmentsMember2025-01-012025-03-310001834543Debt Investments Software JOBVITE, Inc. (Employ, Inc.) First Lien Last Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.50% Total Coupon 11.80% Maturity 8/5/20282025-03-310001834543ck0001834543:NonControlledNonAffiliatedInvestmentsMember2024-12-310001834543Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Delayed Draw Term Loan (3.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.86% Total Coupon 13.22% Maturity Date 08/17/20252024-12-310001834543ck0001834543:LighthouseParentHoldingsIncApertureOneMember2025-01-012025-03-310001834543Debt Investments Media Kid Distro Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.90% Total Coupon 9.19% Maturity 10/1/20292025-03-310001834543Debt Investments Capital Markets PMA Parent Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.55% Maturity 1/31/20312025-03-310001834543Equity Securities Diversified Consumer Services Razor US LP Class A Preferred Units Spread 3.00% PIK Total Coupon 3.00%2024-12-310001834543Debt Investments Health Care Technology Athos Merger, LLC (Aris) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.26% Total Coupon 9.58% Maturity 7/30/20262025-03-310001834543Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) First Lien A2 Term Loan Ref SOFR(Q) Floor 2.00% Spread 4.50% Cash + 4.50% PIK Total Coupon 13.49% Maturity 5/23/20262025-03-310001834543Equity Securities Diversified Consumer Services Razor US LP Common Units2024-12-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:BankDebtMemberck0001834543:IndependentThirdPartyValuationMember2024-01-012024-03-310001834543ck0001834543:WharfStreetRatingAcquisitionLlcKbraMember2025-01-012025-03-310001834543Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renove) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.96% Maturity 11/23/20272024-12-310001834543Debt Investments Insurance Integrity Marketing Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.51% Maturity 8/25/20282024-12-310001834543Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity Date 1/16/20302024-12-310001834543ck0001834543:LighthouseParentHoldingsIncApertureOneMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:MeasurementInputIndicativeBidAskQuotesMemberck0001834543:ValuationTechniqueMarketQuotationsMemberck0001834543:BankDebtMembersrt:MaximumMember2024-12-310001834543Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.82% Maturity 11/1/20282025-03-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) First Lien Participation Tranche 1 Term Loan Ref SOFR(M) Floor 1.00% Spread 2.50% Cash + 3.50% PIK Total Coupon 10.42% Maturity 11/30/20292025-03-310001834543Debt Investments Health Care Technology ESO Solutions, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.07% Maturity 5/3/20272025-03-310001834543ck0001834543:GtyTechnologyHoldingsIncOneMember2024-12-310001834543us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberck0001834543:MeasurementInputImpliedVolatilityMemberus-gaap:EquitySecuritiesMember2025-03-310001834543ck0001834543:DouglasHoldingsIncDocupaceTwoMember2025-03-310001834543Debt Investments Professional Services ICIMS, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.38% Maturity Date 8/18/20282024-12-310001834543Debt Investments Internet Software & Services Magenta Buyer, LLC (McAfee) Second Lien Second Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 1.76% Cash + 6.25% PIK Total Coupon 12.30% Maturity 7/27/20282025-03-310001834543Debt Investments Internet Software & Services Sailpoint Technologies Holdings, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.52% Maturity 8/16/20282024-12-310001834543Debt Investments Paper & Forest Products FSK Pallet Holding Corp. (Kamps) First Lien Term Loan Three Ref SOFR(Q) Floor 1.25% Spread 6.65% Total Coupon 10.94% Maturity 12/23/20262025-03-310001834543Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.77% Maturity 10/15/20312024-12-310001834543Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Series X Shares2024-12-310001834543Debt Investments Software Oak Purchaser, Inc. (DaySmart) Sr Secured Revolver (1.0% Exit Fee) Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.75% Maturity 4/28/20282024-12-310001834543Debt Investments Paper & Forest Products Alpine Acquisition Corp II (48Forty) First Lien Incremental Term Loan Four Ref SOFR(M) Floor 1.00% Spread 2.50% Cash +3.50% PIK Total Coupon 10.42% Maturity 11/30/20292025-03-310001834543Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Series X Shares2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberck0001834543:BankDebtMember2024-03-310001834543Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.54% Maturity 1/16/20302025-03-310001834543ck0001834543:KaseyaIncOneMember2025-01-012025-03-310001834543Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.57% Maturity 10/15/20312025-03-310001834543Debt Investments Construction Materials AHF Parent Holding, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.51% Total Coupon 10.84% Maturity 2/1/20282024-12-310001834543ck0001834543:FusionRiskManagementIncMember2025-01-012025-03-310001834543ck0001834543:InmomentIncMember2024-12-310001834543Debt Investments2025-03-310001834543Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.66% Maturity Date 12/21/20282024-12-310001834543ck0001834543:ZendeskIncMember2024-12-310001834543ck0001834543:HuckabeeAcquisitionLLCMoregroupMember2025-03-310001834543srt:MinimumMemberck0001834543:DeemedInvestmentMember2025-03-310001834543ck0001834543:CivicPlusLlcMember2025-03-310001834543us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001834543:ValuationTechniqueMarketComparableCompaniesMemberus-gaap:MeasurementInputRevenueMultipleMemberck0001834543:BankDebtMember2025-03-310001834543us-gaap:FairValueInputsLevel3Memberck0001834543:ValuationDesigneeMemberck0001834543:BankDebtMember2025-03-310001834543Debt Investments Internet Software & Services Astra Acquisition Corp. (Anthology) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 10.14% Total Coupon 14.44% Maturity 10/25/20292025-03-310001834543Debt Investments Internet Software & Services Civic Plus, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.90% Total Coupon 10.41% Maturity 08/25/20272024-12-310001834543Investment Worldremit Group Limited (United Kingdom), Series X Shares Acquisition Date 6/24/20242025-01-012025-03-310001834543ck0001834543:PlaypowerIncMember2025-01-012025-03-310001834543Debt Investments Commercial Services & Supplies2024-12-310001834543ck0001834543:IntegrateComIncMember2025-01-012025-03-310001834543ck0001834543:CbiGatorAcquisitionLlcMember2024-12-31xbrli:pureck0001834543:Investorsxbrli:sharesiso4217:USDxbrli:sharesiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q


☒	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly Period Ended March 31, 2025


☐	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: 814-01378

BLACKROCK DIRECT LENDING CORP.

(Exact Name of Registrant as Specified in its Charter)


Delaware	85-3439073
(State or Other Jurisdiction of Incorporation)	(IRS Employer Identification No.)

2951 28th Street, Suite 1000
Santa Monica, California	90405
(Address of Principal Executive Offices)	(Zip Code)

(310) 566-1094

(Registrant’s telephone number, including area code)

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


None	Not applicable	Not applicable
(Title of each class)	(Trading Symbol(s) )	(Name of each exchange on which registered)

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 ☒

The number of the Registrant's shares of common stock, $0.001 par value, outstanding as of May 8, 2025 was 27,081,900.

BLACKROCK DIRECT LENDING CORP.

FORM 10-Q

FOR THE THREE MONTHS ENDED MARCH 31, 2025

TABLE OF CONTENTS


Part I.	Financial Information

Item 1.	Financial Statements

	Statements of Assets and Liabilities as of March 31, 2025 (Unaudited) and December 31, 2024	3

	Statements of Operations for the three months ended March 31, 2025 (Unaudited) and March 31, 2024 (Unaudited)	4

	Statements of Changes in Net Assets for the three months ended March 31, 2025 (Unaudited) and March 31, 2024 (Unaudited)	5

	Statements of Cash Flows for the three months ended March 31, 2025 (Unaudited) and March 31, 2024 (Unaudited)	6

	Schedules of Investments as of March 31, 2025 (Unaudited) and December 31, 2024	7

	Notes to Financial Statements (Unaudited)	25

	Schedules of Restricted Securities of Unaffiliated Issuers as of March 31, 2025 (Unaudited) and December 31, 2024	40

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	42

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	52

Item 4.	Controls and Procedures	52

Part II.	Other Information

Item 1.	Legal Proceedings	53

Item 1A.	Risk Factors	53

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	53

Item 3.	Defaults upon Senior Securities	53

Item 4.	Mine Safety Disclosures	53

Item 5.	Other Information	53

Item 6.	Exhibits	54

BlackRock Direct Lending Corp.

Statements of Assets and Liabilities


	March 31, 2025			December 31, 2024
Assets	(Unaudited)
Investments, at fair value:
Non-controlled, non-affiliated investments (cost of $240,111,262 and $248,984,601, respectively)	$	219,658,504		$	229,315,968
Total investments (cost of $240,111,262 and $248,984,601, respectively)		219,658,504			229,315,968

Cash and cash equivalents		43,149,073			28,380,210
Interest receivable		1,559,972			2,078,760
Deferred offering costs		17,841			17,841
Receivable for investments sold		—			1,546,546
Prepaid expenses and other assets		33,855			94,641
Total assets		264,419,245			261,433,966

Liabilities
Management fees payable		517,188			583,102
Incentive fees payable (Note 3)		398,079			883,149
Payable for investments purchased		149,043			99,494
Debt (net of deferred issuance costs of $13,951 and $14,085, respectively)		96,049			95,915
Reimbursements due to the Advisor		56,856			74,031
Interest and debt related payables		3,300			—
Accrued expenses and other liabilities		402,736			406,486
Total liabilities		1,623,251			2,142,177

Commitments and contingencies (Note 5)

Net assets	$	262,795,994		$	259,291,789

Composition of net assets applicable to common stockholders
Common stock, $0.001 par value; 300,000,000 shares authorized, 27,081,900 and 27,081,900 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	$	27,083		$	27,083
Paid-in capital in excess of par		280,361,562			280,361,562
Distributable earnings (loss)		(17,592,651	)		(21,096,856	)
Total net assets		262,795,994			259,291,789
Total liabilities and net assets	$	264,419,245		$	261,433,966

Net assets per share	$	9.70		$	9.57

See accompanying notes to the financial statements.

BlackRock Direct Lending Corp.

Statements of Operations (Unaudited)


	For the Three Months Ended March 31,
Investment income	2025			2024
Interest income (excluding PIK):
Non-controlled, non-affiliated investments	$	6,417,669		$	8,131,636
PIK income:
Non-controlled, non-affiliated investments		605,465			571,638
Other income:
Non-controlled, non-affiliated investments		—			1,422
Total investment income		7,023,134			8,704,696

Operating expenses
Management fees		517,188			575,358
Incentive fees earned		398,079			903,878
Professional fees		175,334			163,067
Administrative expenses		95,590			100,079
Director fees		44,500			30,968
Custody and transfer agent fees		12,965			19,860
Insurance expense		6,746			6,803
Interest and other debt expenses		3,433			480,937
Other operating expenses		50,169			96,602
Total operating expenses		1,304,004			2,377,552

Net investment income		5,719,130			6,327,144

Realized and unrealized gain (loss)
Net realized gain (loss):
Non-controlled, non-affiliated investments		(1,430,799	)		34,638
Change in net unrealized appreciation (depreciation):
Non-controlled, non-affiliated investments		(784,126	)		(2,241,091	)
Net realized and unrealized gain (loss)		(2,214,925	)		(2,206,453	)

Net increase (decrease) in net assets from operations	$	3,504,205		$	4,120,691

Earnings per share (1)	$	0.13		$	0.18

Basic and diluted weighted average shares outstanding		27,081,900			23,753,110

(1)

Computed based on the actual number of shares outstanding and capital activity during the time periods such earnings occurred.

See accompanying notes to the financial statements.

BlackRock Direct Lending Corp.

Statements of Changes in Net Assets (Unaudited)


	Common Stock				Paid in Capital in		Distributable			Total Net
	Shares		Par Amount		Excess of Par		Earnings (Loss)			Assets
Balance at December 31, 2024		27,081,900	$	27,083	$	280,361,562	$	(21,096,856	)	$	259,291,789
Net investment income		—		—		—		5,719,130			5,719,130
Net realized and unrealized gain (loss)		—		—		—		(2,214,925	)		(2,214,925	)
Balance at March 31, 2025		27,081,900	$	27,083	$	280,361,562	$	(17,592,651	)	$	262,795,994


	Common Stock				Paid in Capital in		Distributable			Total Net
	Shares		Par Amount		Excess of Par		Earnings (Loss)			Assets
Balance at December 31, 2023		23,753,110	$	23,754	$	245,279,448	$	(6,289,267	)	$	239,013,935
Net investment income	—		—		—			6,327,144			6,327,144
Net realized and unrealized gain (loss)	—		—		—			(2,206,453	)		(2,206,453	)
Balance at March 31, 2024		23,753,110	$	23,754	$	245,279,448	$	(2,168,576	)	$	243,134,626

See accompanying notes to the financial statements.

BlackRock Direct Lending Corp.

Statements of Cash Flows (Unaudited)


	For the Three Months Ended March 31,
	2025			2024
Operating activities
Net increase (decrease) in net assets resulting from operations	$	3,504,205		$	4,120,691
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net realized (gain) loss		1,430,799			(34,638	)
Change in net unrealized (appreciation)/depreciation of investments		784,126			2,241,091
Net amortization of investment discounts and premiums		(650,355	)		(285,767	)
Amortization of deferred debt issuance costs		133			42,330
Interest and dividend income paid in kind		(605,465	)		(571,638	)
Changes in assets and liabilities:
Purchases of investments		(11,158,796	)		(8,981,063	)
Proceeds from disposition of investments		20,034,731			1,717,010
Decrease (increase) in receivable for investments sold		1,546,546			(531,533	)
Decrease (increase) in interest receivable		341,213			(240,757	)
Decrease (increase) in prepaid expenses and other assets		60,786			20,431
Increase (decrease) in payable for investments purchased		49,549			(1,151,822	)
Increase (decrease) in reimbursements due to the Advisor		(17,175	)		(81,570	)
Increase (decrease) in incentive fees payable		(485,070	)		(16,051	)
Increase (decrease) in interest and debt related payables		3,300			(11,387	)
Increase (decrease) in management fees payable		(65,914	)		—
Increase (decrease) in accrued expenses and other liabilities		(3,750	)		20,073
Net cash provided by (used in) operating activities		14,768,863			(3,744,600	)

Financing activities
Draws on credit facilities		—			3,500,000
Payments of debt issuance costs		—			(24,948	)
Net cash provided by (used in) financing activities		—			3,475,052

Net increase (decrease) in cash and cash equivalents (including restricted cash)		14,768,863			(269,548	)
Cash and cash equivalents (including restricted cash) at beginning of year		28,380,210			4,371,938
Cash and cash equivalents (including restricted cash) at end of year	$	43,149,073		$	4,102,390

Supplemental cash flow information
Interest payments		—			438,169

See accompanying notes to the financial statements.

BlackRock Direct Lending Corp.

Schedule of Investments (Unaudited)

March 31, 2025


Issuer	Instrument	Ref	Floor			Spread			Total Coupon			Maturity	Principal		Cost			Fair Value			% of Total Cash and Investments			Notes
Debt Investments (A)
Automobiles
ALCV Purchaser, Inc. (AutoLenders)	First Lien Term Loan	SOFR(M)		1.00	%		6.86	%		11.19	%	2/25/2026	$	791,184	$	788,378		$	788,020			0.30	%	F
ALCV Purchaser, Inc. (AutoLenders)	Sr Secured Revolver	SOFR(M)		1.00	%		6.86	%		11.19	%	2/25/2026	$	92,635		46,060			45,947			0.02	%	F
																834,438			833,967			0.32	%
Beverages
JP Intermediate B, LLC (Juice Plus)	First Lien Term Loan	Prime		1.00	%		6.50	%		14.00	%	11/20/2025	$	1,633,765		1,598,120			901,838			0.34	%	F/J

Building Products
Air Distribution Technologies Inc	First Lien Term Loan	SOFR(Q)		1.00	%		6.00	%		10.30	%	8/1/2030	$	798,163		783,489			793,374			0.30	%	F
Porcelain Acquisition Corporation (Paramount)	First Lien Term Loan	SOFR(Q)		1.00	%		6.10	%		10.40	%	4/30/2027	$	974,296		966,320			841,792			0.32	%	F
Trulite Holding Corp.	First Lien Term Loan	SOFR(Q)		1.00	%		6.00	%		10.31	%	2/22/2030	$	81,250		79,625			80,641			0.03	%	F
																1,829,434			1,715,807			0.65	%
Capital Markets
PMA Parent Holdings, LLC	First Lien Term Loan	SOFR(Q)		0.75	%		5.25	%		9.55	%	1/31/2031	$	3,942,189		3,863,345			3,957,957			1.51	%	F
PMA Parent Holdings, LLC	Sr Secured Revolver	SOFR(Q)		0.75	%		5.25	%		9.55	%	1/31/2031	$	564,581		(11,292	)		-			—		F
																3,852,053			3,957,957			1.51	%
Commercial Services & Supplies
Apollo Group Holdco, LLC (Topsail)	First Lien Term Loan	SOFR(Q)		1.00	%		6.00	%		10.30	%	12/26/2030	$	987,500		969,014			965,775			0.37	%	F
Modigent, LLC (Pueblo)	First Lien Term Loan	SOFR(Q)		0.75	%		4.75	%		9.05	%	8/23/2028	$	1,596,354		1,572,273			1,576,208			0.59	%	F
Modigent, LLC (Pueblo)	First Lien Delayed Draw Term Loan	SOFR(Q)		0.75	%		4.75	%		9.05	%	8/23/2028	$	1,107,284		1,089,698			1,093,310			0.42	%	F
Modigent, LLC (Pueblo)	Sr Secured Revolver	SOFR(Q)		0.75	%		4.75	%		9.05	%	8/23/2027	$	265,353		(3,487	)		(2,898	)		—		E/F
Thermostat Purchaser III, Inc. (Reedy Industries)	Second Lien Term Loan	SOFR(Q)		0.75	%		7.40	%		11.71	%	8/31/2029	$	1,076,305		1,066,389			1,076,305			0.41	%	F
																4,693,887			4,708,700			1.79	%
Construction & Engineering
LJ Avalon Holdings, LLC (Ardurra)	First Lien Term Loan	SOFR(Q)		1.00	%		4.75	%		9.07	%	2/1/2030	$	746,488		730,769			746,488			0.28	%	F
LJ Avalon Holdings, LLC (Ardurra)	First Lien Delayed Draw Term Loan	SOFR(Q)		1.00	%		4.75	%		9.07	%	2/1/2030	$	305,585		298,435			305,585			0.12	%	F
LJ Avalon Holdings, LLC (Ardurra)	Sr Secured Revolver	SOFR(Q)		1.00	%		4.75	%		9.07	%	2/1/2029	$	123,523		(2,391	)		-			—		F
Homerenew Buyer, Inc. (Renovo)	First Lien Delayed Draw Term Loan (2.0% Exit Fee)	SOFR(M)		1.00	%	8.60% PIK				12.92	%	11/23/2027	$	881,561		832,940			277,780			0.11	%	F/J
Homerenew Buyer, Inc. (Renovo)	First Lien Incremental Delayed Draw Term Loan 2 (2.0% Exit Fee)	SOFR(M)		1.00	%	8.60% PIK				12.92	%	11/23/2027	$	1,380,675		1,317,140			435,051			0.17	%	F/J
Homerenew Buyer, Inc. (Renovo)	First Lien Incremental Delayed Draw Term Loan 1 (2.0% Exit Fee)	SOFR(M)		1.00	%	8.60% PIK				12.92	%	11/23/2027	$	182,527		172,728			57,459			0.02	%	F/J
Homerenew Buyer, Inc. (Renovo)	First Lien Term Loan (2.0% Exit Fee)	SOFR(M)		1.00	%	8.60% PIK				12.92	%	11/23/2027	$	1,438,313		1,359,548			452,781			0.17	%	F/J
Homerenew Buyer, Inc. (Renovo)	Sr Secured Revolver (2.0% Exit Fee)	SOFR(M)		1.00	%	8.60% PIK				12.92	%	11/23/2027	$	544,664		516,278			171,406			0.07	%	F/J
Homerenew Buyer, Inc. (Renovo)	First Lien Term Loan	SOFR(M)		1.00	%	9.10% PIK				13.42	%	11/23/2027	$	208,824		205,024			208,824			0.08	%	F
Homerenew Buyer, Inc. (Renovo)	First Lien Priority Term Loan	SOFR(M)		2.50	%	9.10% PIK				13.42	%	4/14/2025	$	93,367		94,534			93,367			0.04	%	F
Homerenew Buyer, Inc. (Renovo)	First Lien Super Priority Team Loan	SOFR(M)		2.50	%	11.10% PIK				15.42	%	4/14/2025	$	257,335		256,977			257,335			0.10	%	F
Homerenew Buyer, Inc. (Renovo)	First Lien Super Priority Team Loan	SOFR(M)		2.50	%	11.10% PIK				15.42	%	4/14/2025	$	459,881		459,881			459,881			0.17	%	F
Homerenew Buyer, Inc. (Renovo)	First Lien Super Priority Team Loan	SOFR(M)		2.50	%		11.10	%		15.42	%	4/14/2025	$	591,556		523,257			591,556			0.23	%	F
PlayPower, Inc	Sr Secured Revolver	SOFR(Q)		0.75	%		5.00	%		9.30	%	8/28/2030	$	395,397		(5,361	)		(5,219	)		—		E/F
PlayPower, Inc	First Lien Term Loan	SOFR(Q)		0.75	%		5.00	%		9.30	%	8/28/2030	$	382,100		378,373			380,190			0.14	%	F
PlayPower, Inc	First Lien Term Loan	SOFR(Q)		0.75	%		5.00	%		9.30	%	8/28/2030	$	2,602,625		2,567,048			2,589,611			0.99	%	F
Titan Home Improvement, LLC (Renuity)	First Lien Delayed Draw Term Loan	SOFR(Q)		1.00	%		5.75	%		10.06	%	5/31/2030	$	139,535		(2,410	)		558			—		F
Titan Home Improvement, LLC (Renuity)	Sr Secured Revolver Loan	SOFR(Q)		1.00	%		5.75	%		10.06	%	5/30/2030	$	116,279		(2,326	)		-			—		F
Titan Home Improvement, LLC (Renuity)	First Lien Term Loan	SOFR(Q)		1.00	%		5.75	%		10.06	%	5/30/2030	$	740,465		725,656			743,427			0.28	%	F
Vortex Companies, LLC	First Lien Delayed Draw Term Loan	SOFR(M)		1.00	%		5.00	%		9.32	%	9/4/2029	$	281,790		275,448			280,099			0.11	%	F
Vortex Companies, LLC	First Lien Term Loan	SOFR(M)		1.00	%		5.00	%		9.32	%	9/4/2029	$	291,015		284,467			289,269			0.11	%	F
Vortex Companies, LLC	First Lien Delayed Draw Term Loan	SOFR(M)		1.00	%		5.00	%		9.32	%	9/4/2029	$	524,969		515,800			521,820			0.20	%	F
Vortex Companies, LLC	First Lien Term Loan	SOFR(M)		1.00	%		5.00	%		9.32	%	9/4/2029	$	809,999		795,734			805,139			0.31	%	F
Vortex Companies, LLC	Sr Secured Revolver	SOFR(M)		1.00	%		5.00	%		9.32	%	9/4/2029	$	193,490		15,831			17,923			0.01	%	F
																12,313,380			9,680,330			3.71	%

BlackRock Direct Lending Corp.

Schedule of Investments (Unaudited) (Continued)

March 31, 2025


Issuer	Instrument	Ref	Floor			Spread			Total Coupon			Maturity	Principal		Cost		Fair Value		% of Total Cash and Investments			Notes
Debt Investments (Continued)
Construction Materials
AHF Parent Holding, Inc.	First Lien Term Loan	SOFR(Q)		0.75	%		6.51	%		10.81	%	2/1/2028	$	1,019,855	$	990,743	$	982,885		0.37	%	D
AHF Parent Holding, Inc.	First Lien Term Loan	SOFR(Q)		0.75	%		6.51	%		10.81	%	2/1/2028	$	2,091,648		2,068,924		2,015,826		0.77	%	D
																3,059,667		2,998,711		1.14	%
Consumer Finance
Money Transfer Acquisition Inc.	First Lien Term Loan	SOFR(M)		1.00	%		8.35	%		12.67	%	12/14/2027	$	877,548		866,880		873,160		0.33	%	F
Freedom Financial Network Funding, LLC	First Lien Term Loan	SOFR(S)		1.00	%		9.25	%		13.53	%	9/21/2027	$	2,871,745		2,824,622		2,799,952		1.06	%	F
Freedom Financial Network Funding, LLC	First Lien Delayed Draw Term Loan	SOFR(S)		1.00	%		9.25	%		13.66	%	9/21/2027	$	957,248		942,476		933,317		0.36	%	F
																4,633,978		4,606,429		1.75	%
Containers & Packaging
BW Holding, Inc. (Brook & Whittle)	Second Lien Term Loan	SOFR(Q)		0.75	%		7.65	%		11.96	%	12/14/2029	$	1,807,299		1,780,258		1,319,328		0.50	%	F

Diversified Consumer Services
Fusion Holding Corp. (Finalsite)	First Lien Term Loan	SOFR(Q)		0.75	%		6.25	%		10.55	%	9/14/2029	$	4,081,816		4,016,033		4,014,956		1.53	%	F
Fusion Holding Corp. (Finalsite)	Sr Secured Revolver	Prime		0.75	%		5.25	%		12.75	%	9/15/2027	$	340,879		166,645		166,137		0.06	%	F
Razor Group Holdings II, Inc. (Germany)	First Lien A Term Loan	Fixed		—		2.50% Cash + 5.00% PIK				7.50	%	9/30/2028	$	4,624,850		4,456,961		1,109,964		0.42	%	B/F/J
Razor Group Holdings II, Inc. (Germany)	First Lien C Term Loan	Fixed		—		3.50% Cash + 3.50% PIK				7.00	%	9/30/2028	$	607,877		590,594		-		—		B/F/J
SellerX Germany GmbH (Germany)	First Lien Delayed Draw Term Loan	SOFR(Q)		1.00	%		9.00	%		13.30	%	11/22/2029	$	211,266		211,266		211,266		0.08	%	B/F
SellerX Germany GmbH (Germany)	First Lien A1 Term Loan	SOFR(Q)		2.00	%	4.50% Cash + 4.50% PIK				13.49	%	5/23/2026	$	1,109,447		1,096,833		672,325		0.26	%	B/F/J
SellerX Germany GmbH (Germany)	First Lien A2 Term Loan	SOFR(Q)		2.00	%	4.50% Cash + 4.50% PIK				13.49	%	5/23/2026	$	3,205,160		3,168,720		1,942,327		0.74	%	B/F/J
SellerX Germany GmbH (Germany)	Sr Secured Revolver	SOFR(S)		—			9.00	%		13.27	%	11/22/2029	$	211,266		211,266		211,266		0.08	%	B/F
SellerX Germany GmbH (Germany)	Sr Secured Revolver	SOFR(Q)		—			5.00	%		9.30	%

BlackRock Direct Lending Corp. 10-Q