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Loan2025-09-300001811972Parkview Dental Holdings LLC, First Lien Senior Secured Term Loan 12025-09-300001811972Parkview Dental Holdings LLC, First Lien Senior Secured Term Loan 22025-09-300001811972Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 12025-09-300001811972Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 22025-09-300001811972SCP Medical Products, LLC., First Lien Senior Secured Term Loan2025-09-300001811972SCP Medical Products, LLC., Revolver2025-09-300001811972SSCP Pegasus Midco Limited, First Lien Senior Secured Term Loan2025-09-300001811972SSCP Spring Bidco 3 Limited, First Lien Senior Secured Term Loan2025-09-300001811972Swoop Intermediate III, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Swoop Intermediate III, Inc., Revolver2025-09-300001811972TA KHP Aggregator, L.P., First Lien Senior Secured Term Loan2025-09-300001811972TA KHP Aggregator, L.P., Revolver2025-09-300001811972TA KHP Aggregator, L.P., Subordinated Term Loan2025-09-300001811972Union Bidco Limited, First Lien Senior Secured Term Loan2025-09-300001811972Unither (Uniholding), First Lien Senior Secured Term Loan2025-09-300001811972Unosquare, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Unosquare, LLC, Revolver2025-09-300001811972VB Spine Intermediary II LLC, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:HealthcareAndPharmaceuticalsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Argus Bidco Limited, First Lien Senior Secured Term Loan 12025-09-300001811972Argus Bidco Limited, First Lien Senior Secured Term Loan 22025-09-300001811972Argus Bidco Limited, First Lien Senior Secured Term Loan 32025-09-300001811972Argus Bidco Limited, Second Lien Senior Secured Term Loan2025-09-300001811972CH Buyer, LLC, First Lien Senior Secured Term Loan2025-09-300001811972CH Buyer, LLC, Revolver2025-09-300001811972Contabo Finco S.À R.L, First Lien Senior Secured Term Loan2025-09-300001811972CW Group Holdings, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Discovery Buyer, L.P., First Lien Senior Secured Term Loan2025-09-300001811972Discovery Buyer, L.P., Revolver2025-09-300001811972Durare Bidco, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Durare Bidco, LLC, Revolver2025-09-300001811972Dwyer Instruments, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 12025-09-300001811972Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 22025-09-300001811972Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 32025-09-300001811972Eurofins Digital Testing International LUX Holding SARL, Senior Subordinated Term Loan2025-09-300001811972EZ SMBO Bidco, First Lien Senior Secured Term Loan 12025-09-300001811972EZ SMBO Bidco, First Lien Senior Secured Term Loan 22025-09-300001811972EZ SMBO Bidco, First Lien Senior Secured Term Loan 32025-09-300001811972FSS Buyer LLC, First Lien Senior Secured Term Loan2025-09-300001811972Haystack Holdings LLC, First Lien Senior Secured Term Loan2025-09-300001811972Haystack Holdings LLC, Revolver2025-09-300001811972NAW Buyer LLC, First Lien Senior Secured Term Loan2025-09-300001811972NAW Buyer LLC, Revolver2025-09-300001811972NeoxCo, First Lien Senior Secured Term Loan2025-09-300001811972Next Holdco, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Next Holdco, LLC, Revolver2025-09-300001811972ORTEC INTERNATIONAL NEWCO B.V., First Lien Senior Secured Term Loan2025-09-300001811972OSP Hamilton Purchaser, LLC, First Lien Senior Secured Term Loan2025-09-300001811972OSP Hamilton Purchaser, LLC, Revolver2025-09-300001811972PDQ.Com Corporation, First Lien Senior Secured Term Loan2025-09-300001811972PowerGEM Buyer, Inc., First Lien Senior Secured Term Loan2025-09-300001811972ProfitOptics, LLC, First Lien Senior Secured Term Loan2025-09-300001811972ProfitOptics, LLC, Revolver2025-09-300001811972ProfitOptics, LLC, Senior Subordinated Term Loan2025-09-300001811972Pro-Vision Solutions Holdings, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Pro-Vision Solutions Holdings, LLC, Revolver2025-09-300001811972PSP Intermediate 4, LLC, First Lien Senior Secured Term Loan 12025-09-300001811972PSP Intermediate 4, LLC, First Lien Senior Secured Term Loan 22025-09-300001811972Saab Purchaser, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Saab Purchaser, Inc., Revolver2025-09-300001811972Scout Bidco B.V., First Lien Senior Secured Term Loan 12025-09-300001811972Scout Bidco B.V., First Lien Senior Secured Term Loan 22025-09-300001811972Scout Bidco B.V., Revolver2025-09-300001811972Sinari Invest, First Lien Senior Secured Term Loan2025-09-300001811972Smartling, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Smartling, Inc., Revolver2025-09-300001811972Sonicwall US Holdings Inc, First Lien Senior Secured Term Loan2025-09-300001811972White Bidco Limited, First Lien Senior Secured Term Loan 12025-09-300001811972White Bidco Limited, First Lien Senior Secured Term Loan 22025-09-300001811972Zelda Luxco S.A.S, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:HighTechIndustriesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Aquavista Watersides 2 LTD, First Lien Senior Secured Term Loan2025-09-300001811972Aquavista Watersides 2 LTD, Second Lien Senior Secured Term Loan2025-09-300001811972Featherstone Bidco Limited, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:HotelGamingLeisureMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972ASC Communications, LLC, First Lien Senior Secured Term Loan2025-09-300001811972ASC Communications, LLC, Revolver2025-09-300001811972Superjet Buyer, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Superjet Buyer, LLC, Revolver2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:MediaAdvertisingPrintingPublishingMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Music Reports, Inc., First Lien Senior Secured Term Loan2025-09-300001811972The Octave Music Group, Inc., First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:MediaBroadcastingSubscriptionMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972BrightSign LLC, First Lien Senior Secured Term Loan2025-09-300001811972BrightSign LLC, Revolver2025-09-300001811972Footco 40 Limited, First Lien Senior Secured Term Loan 12025-09-300001811972Footco 40 Limited, First Lien Senior Secured Term Loan 22025-09-300001811972Learfield Communications, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Murphy Midco Limited, First Lien Senior Secured Term Loan2025-09-300001811972Rock Labor LLC, First Lien Senior Secured Term Loan2025-09-300001811972Rock Labor LLC, Revolver2025-09-300001811972Screenvision, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Screenvision, LLC, Revolver2025-09-300001811972Screenvision, LLC, Second Lien Senior Secured Term Loan2025-09-300001811972Solo Buyer, L.P., First Lien Senior Secured Term Loan2025-09-300001811972Solo Buyer, L.P., Revolver2025-09-300001811972Vital Buyer, LLC, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:MediaDiversifiedProductionMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972ABC Legal Holdings, LLC, First Lien Senior Secured Term Loan2025-09-300001811972ABC Legal Holdings, LLC, Revolver2025-09-300001811972Accelevation LLC, First Lien Senior Secured Term Loan2025-09-300001811972Accelevation LLC, Revolver2025-09-300001811972Acclime Holdings HK Limited, First Lien Senior Secured Term Loan2025-09-300001811972Acogroup, First Lien Senior Secured Term Loan2025-09-300001811972srt:MaximumMemberAcogroup, First Lien Senior Secured Term Loan2025-09-300001811972srt:MinimumMemberAcogroup, First Lien Senior Secured Term Loan2025-09-300001811972AD Bidco, Inc., First Lien Senior Secured Term Loan2025-09-300001811972AD Bidco, Inc., Revolver2025-09-300001811972Adhefin International, First Lien Senior Secured Term Loan2025-09-300001811972AlliA Insurance Brokers NV, First Lien Senior Secured Term Loan2025-09-300001811972Artemis Bidco Limited, First Lien Senior Secured Term Loan2025-09-300001811972Azalea Buyer, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Azalea Buyer, Inc., Revolver2025-09-300001811972Azalea Buyer, Inc., Subordinated Term Loan2025-09-300001811972Basin Innovation Group, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Basin Innovation Group, LLC, Revolver2025-09-300001811972BNI Global, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Bounteous, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Brightpay Limited, First Lien Senior Secured Term Loan2025-09-300001811972British Engineering Services Holdco Limited, First Lien Senior Secured Term Loan2025-09-300001811972Caldwell & Gregory LLC, First Lien Senior Secured Term Loan2025-09-300001811972Caldwell & Gregory LLC, Revolver2025-09-300001811972CGI Parent, LLC, First Lien Senior Secured Term Loan2025-09-300001811972CGI Parent, LLC, Revolver2025-09-300001811972CloudOne Digital Corp., First Lien Senior Secured Term Loan2025-09-300001811972CloudOne Digital Corp., Revolver2025-09-300001811972Comply365, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Comply365, LLC, Revolver2025-09-300001811972Coyo Uprising GmbH, First Lien Senior Secured Term Loan2025-09-300001811972DISA Holdings Corp., First Lien Senior Secured Term Loan2025-09-300001811972DISA Holdings Corp., Revolver2025-09-300001811972Dunlipharder B.V., First Lien Senior Secured Term Loan2025-09-300001811972EFC International, Senior Unsecured Term Loan2025-09-300001811972Electric Equipment & Engineering Co., First Lien Senior Secured Term Loan2025-09-300001811972Events Software BidCo Pty Ltd, First Lien Senior Secured Term Loan2025-09-300001811972Expert Institute Group Inc., First Lien Senior Secured Term Loan2025-09-300001811972Expert Institute Group Inc., Revolver2025-09-300001811972Greenhill II BV, First Lien Senior Secured Term Loan2025-09-300001811972HEKA Invest, First Lien Senior Secured Term Loan2025-09-300001811972HS Advisory Buyer LLC, First Lien Senior Secured Term Loan2025-09-300001811972HS Advisory Buyer LLC, Revolver2025-09-300001811972HSL Compliance, First Lien Senior Secured Term Loan2025-09-300001811972Hydratech Holdings, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Hydratech Holdings, Inc., Revolver2025-09-300001811972Infoniqa Holdings GmbH, First Lien Senior Secured Term Loan2025-09-300001811972Interstellar Group B.V., First Lien Senior Secured Term Loan2025-09-300001811972Isolstar Holding NV (IPCOM), First Lien Senior Secured Term Loan2025-09-300001811972Jones Fish Hatcheries & Distributors LLC, First Lien Senior Secured Term Loan2025-09-300001811972Jones Fish Hatcheries & Distributors LLC, Revolver2025-09-300001811972LeadsOnline, LLC, First Lien Senior Secured Term Loan2025-09-300001811972LeadsOnline, LLC, Revolver2025-09-300001811972LHS Borrower, LLC, First Lien Senior Secured Term Loan2025-09-300001811972LHS Borrower, LLC, Revolver2025-09-300001811972Long Term Care Group, Inc., First Lien Senior Secured Term Loan2025-09-300001811972MB Purchaser, LLC, First Lien Senior Secured Term Loan2025-09-300001811972MB Purchaser, LLC, Revolver2025-09-300001811972MC Group Ventures Corporation, First Lien Senior Secured Term Loan2025-09-300001811972MIV Buyer, LLC, First Lien Senior Secured Term Loan2025-09-300001811972MIV Buyer, LLC, Revolver2025-09-300001811972NF Holdco, LLC, First Lien Senior Secured Term Loan2025-09-300001811972NF Holdco, LLC, Revolver2025-09-300001811972Origin Bidco Limited, First Lien Senior Secured Term Loan 12025-09-300001811972Origin Bidco Limited, First Lien Senior Secured Term Loan 22025-09-300001811972Qima Finance LTD, First Lien Senior Secured Term Loan2025-09-300001811972Qualified Industries, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Qualified Industries, LLC, Revolver2025-09-300001811972Real Chemistry Intermediate III, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Real Chemistry Intermediate III, Inc., Revolver2025-09-300001811972Recovery Point Systems, Inc., First Lien Senior Secured Term Loan2025-09-300001811972RKD Group, LLC, First Lien Senior Secured Term Loan2025-09-300001811972RKD Group, LLC, Revolver2025-09-300001811972ROI Solutions LLC, First Lien Senior Secured Term Loan2025-09-300001811972ROI Solutions LLC, Revolver2025-09-300001811972RPX Corporation, First Lien Senior Secured Term Loan2025-09-300001811972RPX Corporation, Revolver2025-09-300001811972Sansidor BV, First Lien Senior Secured Term Loan2025-09-300001811972SBP Holdings LP, First Lien Senior Secured Term Loan2025-09-300001811972SBP Holdings LP, Revolver2025-09-300001811972Scaled Agile, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Scaled Agile, Inc., Revolver2025-09-300001811972SmartShift Group, Inc., First Lien Senior Secured Term Loan2025-09-300001811972SmartShift Group, Inc., Revolver2025-09-300001811972Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), First Lien Senior Secured Term Loan2025-09-300001811972Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Revolver2025-09-300001811972Starnmeer B.V., First Lien Senior Secured Term Loan2025-09-300001811972TA SL Cayman Aggregator Corp., Subordinated Term Loan2025-09-300001811972Tanqueray Bidco Limited, First Lien Senior Secured Term Loan2025-09-300001811972Technology Service Stream BidCo Pty Ltd, First Lien Senior Secured Term Loan2025-09-300001811972Techone B.V., First Lien Senior Secured Term Loan2025-09-300001811972Techone B.V., Revolver2025-09-300001811972Trintech, Inc., First Lien Senior Secured Term Loan2025-09-300001811972Trintech, Inc., Revolver2025-09-300001811972TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 12025-09-300001811972TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 22025-09-300001811972TSYL Corporate Buyer, Inc., Revolver2025-09-300001811972Turnberry Solutions, Inc., First Lien Senior Secured Term Loan2025-09-300001811972UBC Ledgers Holding AB, First Lien Senior Secured Term Loan 12025-09-300001811972UBC Ledgers Holding AB, First Lien Senior Secured Term Loan 22025-09-300001811972UHY Advisors, Inc., First Lien Senior Secured Term Loan2025-09-300001811972UHY Advisors, Inc., Revolver2025-09-300001811972Utac Ceram, First Lien Senior Secured Term Loan 12025-09-300001811972Utac Ceram, First Lien Senior Secured Term Loan 22025-09-300001811972World 50, Inc., First Lien Senior Secured Term Loan2025-09-300001811972World 50, Inc., Revolver2025-09-300001811972Xeinadin Bidco Limited, First Lien Senior Secured Term Loan 12025-09-300001811972Xeinadin Bidco Limited, First Lien Senior Secured Term Loan 22025-09-300001811972Xeinadin Bidco Limited, Subordinated Term Loan2025-09-300001811972Zeppelin Bidco Limited, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:ServicesBusinessMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Application Boot Camp LLC, First Lien Senior Secured Term Loan2025-09-300001811972Application Boot Camp LLC, Revolver2025-09-300001811972Application Boot Camp LLC, Subordinated Term Loan2025-09-300001811972Arc Education, First Lien Senior Secured Term Loan2025-09-300001811972Archimede, First Lien Senior Secured Term Loan2025-09-300001811972Bariacum S.A, First Lien Senior Secured Term Loan2025-09-300001811972Cascade Residential Services LLC, First Lien Senior Secured Term Loan2025-09-300001811972Cascade Residential Services LLC, Revolver2025-09-300001811972CEC Entertainment, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Express Wash Acquisition Company, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Express Wash Acquisition Company, LLC, Revolver2025-09-300001811972FL Hawk Intermediate Holdings, Inc. (f/k/a Fineline Technologies, Inc.), First Lien Senior Secured Term Loan2025-09-300001811972Global Academic Group Limited, First Lien Senior Secured Term Loan 12025-09-300001811972Global Academic Group Limited, First Lien Senior Secured Term Loan 22025-09-300001811972HomeX Services Group LLC, First Lien Senior Secured Term Loan2025-09-300001811972HomeX Services Group LLC, Revolver2025-09-300001811972InvoCare Limited, First Lien Senior Secured Term Loan2025-09-300001811972Kid Distro Holdings, LLC, First Lien Senior Secured Term Loan2025-09-300001811972Marmoutier Holding B.V., First Lien Senior Secured Term Loan2025-09-300001811972Marmoutier Holding B.V., Revolver2025-09-300001811972Marmoutier Holding B.V., Super Senior Secured Term Loan2025-09-300001811972Premium Franchise Brands, LLC, First Lien Senior Secured Term Loan2025-09-300001811972QPE7 SPV1 BidCo Pty Ltd, First Lien Senior Secured Term Loan2025-09-300001811972Selenium Designated Activity Company, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:ServicesConsumerMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Air Canada 2020-2 Class B Pass Through Trust, Structured Secured Note - Class B2025-09-300001811972British Airways 2020-1 Class B Pass Through Trust, First Lien Senior Secured Bond2025-09-300001811972Flexential Issuer, LLC, Structured Secured Note - Class C2025-09-300001811972JetBlue 2019-1 Class B Pass Through Trust, Structured Secured Note - Class B2025-09-300001811972Perimeter Master Note Business Trust, Structured Secured Note - Class A2025-09-300001811972Perimeter Master Note Business Trust, Structured Secured Note - Class B2025-09-300001811972Perimeter Master Note Business Trust, Structured Secured Note - Class C2025-09-300001811972Perimeter Master Note Business Trust, Structured Secured Note - Class D2025-09-300001811972Perimeter Master Note Business Trust, Structured Secured Note - Class E2025-09-300001811972Vista Global Holding Ltd, Structured Secured Note - Class C2025-09-300001811972Willis Engine Structured Trust VI, Structured Secured Note - Series 2021-1 Class C2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:StructuredProductsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972CSL DualCom, First Lien Senior Secured Term Loan2025-09-300001811972Mercell Holding AS, First Lien Senior Secured Term Loan2025-09-300001811972Permaconn BidCo Pty Ltd, First Lien Senior Secured Term Loan2025-09-300001811972UKFast Leaders Limited, First Lien Senior Secured Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:TelecommunicationsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Echo Global Logistics, Inc., Second Lien Senior Secured Term Loan2025-09-300001811972eShipping, LLC, First Lien Senior Secured Term Loan2025-09-300001811972eShipping, LLC, Revolver2025-09-300001811972FitzMark Buyer, LLC, First Lien Senior Secured Term Loan2025-09-300001811972FragilePak LLC, First Lien Senior Secured Term Loan2025-09-300001811972Honour Lane Logistics Holdings Limited, First Lien Senior Secured Term Loan2025-09-300001811972ITI Intermodal, Inc., First Lien Senior Secured Term Loan 12025-09-300001811972ITI Intermodal, Inc., First Lien Senior Secured Term Loan 22025-09-300001811972ITI Intermodal, Inc., Revolver2025-09-300001811972R1 Holdings, LLC, First Lien Senior Secured Term Loan2025-09-300001811972R1 Holdings, LLC, Revolver2025-09-300001811972REP SEKO MERGER SUB LLC, First Lien Senior Secured Term Loan2025-09-300001811972REP SEKO MERGER SUB LLC, First Out Term Loan2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:TransportationCargoMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Breeze Aviation Group Inc, Second Lien Senior Secured Term Loan2025-09-300001811972International Fleet Financing No.2 B.V., Class C Senior Secured Note2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:TransportationConsumerMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972KAMC Holdings Inc., First Lien Senior Secured Term Loan2025-09-300001811972KAMC Holdings Inc., Revolver2025-09-300001811972Panoche Energy Center LLC, First Lien Senior Secured Bond2025-09-300001811972Spatial Business Systems LLC, First Lien Senior Secured Term Loan2025-09-300001811972Spatial Business Systems LLC, Revolver2025-09-300001811972us-gaap:DebtSecuritiesMemberbdc:UtilitiesElectricMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:DebtSecuritiesMember2025-09-300001811972Accurus Aerospace Corporation, Common Stock2025-09-300001811972Accurus Aerospace Corporation, LLC Units2025-09-300001811972Compass Precision, LLC, LLC Units2025-09-300001811972GB Eagle Buyer, Inc., Partnership Units2025-09-300001811972Megawatt Acquisitionco, Inc., Common Stock2025-09-300001811972Megawatt Acquisitionco, Inc., Preferred Stock2025-09-300001811972Whitcraft Holdings, Inc., LP Units2025-09-300001811972us-gaap:EquitySecuritiesMemberus-gaap:AerospaceSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Burgess Point Purchaser Corporation, LP Units2025-09-300001811972Randys Holdings, Inc., Common Stock2025-09-300001811972SPATCO Energy Solutions, LLC, Common Stock2025-09-300001811972SVI International LLC, LLC Units2025-09-300001811972us-gaap:EquitySecuritiesMemberus-gaap:AutomotiveSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Accelerant Holdings, Common Stock2025-09-300001811972Aegros Holdco 2 Ltd, Common Stock2025-09-300001811972Bishop Street Underwriters, LLC, LLC Units2025-09-300001811972Flywheel Holdings Segregated Portfolio 2025-2, LP Interest2025-09-300001811972Flywheel Re Segregated Portfolio 2022-4, Preferred Stock2025-09-300001811972ICREDITWORKS LLC, Preferred Stock2025-09-300001811972ICREDITWORKS LLC, Warrants2025-09-300001811972Policy Services Company, LLC, Warrants - Class A2025-09-300001811972Policy Services Company, LLC, Warrants - Class B2025-09-300001811972Policy Services Company, LLC, Warrants - Class CC2025-09-300001811972Policy Services Company, LLC, Warrants - Class D2025-09-300001811972Shelf Bidco Ltd, Common Stock2025-09-300001811972us-gaap:EquitySecuritiesMemberbdc:BankingFinanceInsuranceRealEstateMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972CTI Foods Holdings Co., LLC, Common Stock2025-09-300001811972Woodland Foods, LLC, Common Stock2025-09-300001811972Woodland Foods, LLC, Preferred Stock 12025-09-300001811972Woodland Foods, LLC, Preferred Stock 22025-09-300001811972ZB Holdco LLC, LLC Units2025-09-300001811972us-gaap:EquitySecuritiesMemberbdc:BeverageFoodTobaccoMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972DAWGS Intermediate Holdings Co., LLC Units2025-09-300001811972Polara Enterprises, L.L.C., Partnership Units2025-09-300001811972Process Insights Acquisition, Inc., Common Stock2025-09-300001811972Rapid Buyer LLC, LLC Units2025-09-300001811972TAPCO Buyer LLC, LLC Units2025-09-300001811972us-gaap:EquitySecuritiesMemberbdc:CapitalEquipmentMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001811972Americo Chemical Products, LLC, Common Stock2025-09-300001811972Aptus 1829. GmbH, Common Stock2025-09-300001811972Aptus 1829. 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Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberus-gaap:AutomotiveSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Apus Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Beyond Risk Management, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Finaxy Holding, First Lien Senior Secured Term Loan2024-12-310001811972Groupe Guemas, First Lien Senior Secured Term Loan2024-12-310001811972IM Square, First Lien Senior Secured Term Loan2024-12-310001811972Policy Services Company, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Premium Invest, First Lien Senior Secured Term Loan2024-12-310001811972Preqin MC Limited, First Lien Senior Secured Term Loan2024-12-310001811972Russell Investments US Institutional Holdco, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Shelf Bidco Ltd, Second Out Term Loan2024-12-310001811972The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), First Lien Senior Secured Term Loan2024-12-310001811972The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Revolver2024-12-310001811972The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Subordinated Term Loan2024-12-310001811972THG Acquisition, LLC, First Lien Senior Secured Term Loan2024-12-310001811972THG Acquisition, LLC, Revolver2024-12-310001811972Turbo Buyer, Inc., First Lien Senior Secured Term Loan2024-12-310001811972WEST-NR ACQUISITIONCO, LLC, First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:BankingFinanceInsuranceRealEstateMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Blue Ribbon, LLC, First Lien Senior Secured Term Loan2024-12-310001811972CTI Foods Holdings Co., LLC, 2024 LIFO Term Loan2024-12-310001811972CTI Foods Holdings Co., LLC, First Out Term Loan2024-12-310001811972CTI Foods Holdings Co., LLC, Second Out Term Loan2024-12-310001811972Innovad Group II BV, First Lien Senior Secured Term Loan 12024-12-310001811972Innovad Group II BV, First Lien Senior Secured Term Loan 22024-12-310001811972Riedel Beheer B.V., First Lien Senior Secured Term Loan2024-12-310001811972Woodland Foods, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Woodland Foods, LLC, Revolver2024-12-310001811972ZB Holdco LLC, First Lien Senior Secured Term Loan2024-12-310001811972ZB Holdco LLC, Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:BeverageFoodTobaccoMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972AirX Climate Solutions, Inc., First Lien Senior Secured Term Loan 12024-12-310001811972AirX Climate Solutions, Inc., First Lien Senior Secured Term Loan 22024-12-310001811972AirX Climate Solutions, Inc., Revolver2024-12-310001811972APC1 Holding, First Lien Senior Secured Term Loan2024-12-310001811972BPG Holdings IV Corp, First Lien Senior Secured Term Loan2024-12-310001811972Cobham Slip Rings SAS, First Lien Senior Secured Term Loan2024-12-310001811972Polara Enterprises, L.L.C., First Lien Senior Secured Term Loan2024-12-310001811972Polara Enterprises, L.L.C., Revolver2024-12-310001811972Process Insights Acquisition, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Process Insights Acquisition, Inc., Revolver2024-12-310001811972Rapid Buyer LLC, First Lien Senior Secured Term Loan2024-12-310001811972TAPCO Buyer LLC, First Lien Senior Secured Term Loan2024-12-310001811972TAPCO Buyer LLC, Revolver2024-12-310001811972Tencarva Machinery Company, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Tencarva Machinery Company, LLC, Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:CapitalEquipmentMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Americo Chemical Products, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Americo Chemical Products, LLC, Revolver2024-12-310001811972AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 12024-12-310001811972AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 22024-12-310001811972AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 32024-12-310001811972AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 42024-12-310001811972AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 52024-12-310001811972Aptus 1829. GmbH, First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberus-gaap:ChemicalsSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972BKF Buyer, Inc., First Lien Senior Secured Term Loan2024-12-310001811972BKF Buyer, Inc., Revolver2024-12-310001811972EMI Porta Holdco LLC, First Lien Senior Secured Term Loan2024-12-310001811972EMI Porta Holdco LLC, Revolver2024-12-310001811972MNS Buyer, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Ocelot Holdco LLC, Super Senior Takeback Loan2024-12-310001811972Ocelot Holdco LLC, Takeback Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberus-gaap:ConstructionSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972DecksDirect, LLC, First Lien Senior Secured Term Loan2024-12-310001811972DecksDirect, LLC, Revolver2024-12-310001811972Gojo Industries, Inc., First Lien Senior Secured Term Loan2024-12-310001811972HTI Technology & Industries, First Lien Senior Secured Term Loan2024-12-310001811972HTI Technology & Industries, Revolver2024-12-310001811972Renovation Parent Holdings, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Team Air Distributing, LLC, First Lien Senior Secured Term Loan 12024-12-310001811972Team Air Distributing, LLC, First Lien Senior Secured Term Loan 22024-12-310001811972Team Air Distributing, LLC, Subordinated Term Loan2024-12-310001811972Terrybear, Inc., Subordinated Term Loan2024-12-310001811972Victoria Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:ConsumerGoodsDurableMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Bidwax, First Lien Senior Secured Term Loan2024-12-310001811972CCFF Buyer, LLC, First Lien Senior Secured Term Loan2024-12-310001811972CCFF Buyer, LLC, Revolver2024-12-310001811972David Wood Baking UK Ltd, First Lien Senior Secured Term Loan2024-12-310001811972Herbalife Ltd., First Lien Senior Secured Term Loan2024-12-310001811972Ice House America, L.L.C., First Lien Senior Secured Term Loan2024-12-310001811972Ice House America, L.L.C., Revolver2024-12-310001811972Modern Star Holdings Bidco Pty Limited., First Lien Senior Secured Term Loan2024-12-310001811972Safety Products Holdings, LLC, First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:ConsumerGoodsNonDurableMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Diversified Packaging Holdings LLC, Second Lien Senior Secured Term Loan2024-12-310001811972Five Star Holding LLC, Second Lien Senior Secured Term Loan2024-12-310001811972Media Recovery, Inc. (SpotSee), First Lien Senior Secured Term Loan 12024-12-310001811972Media Recovery, Inc. (SpotSee), First Lien Senior Secured Term Loan 22024-12-310001811972Media Recovery, Inc. (SpotSee), Revolver 12024-12-310001811972Media Recovery, Inc. (SpotSee), Revolver 22024-12-310001811972OG III B.V., First Lien Senior Secured Term Loan2024-12-310001811972Tank Holding Corp, First Lien Senior Secured Term Loan 12024-12-310001811972Tank Holding Corp, First Lien Senior Secured Term Loan 22024-12-310001811972Tank Holding Corp, Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberus-gaap:ContainerAndPackagingSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972WWEC Holdings III Corp, First Lien Senior Secured Term Loan2024-12-310001811972WWEC Holdings III Corp, Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:EnergyElectricityMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Bridger Aerospace Group Holdings, LLC, Municipal Revenue Bond2024-12-310001811972EB Development, First Lien Senior Secured Term Loan2024-12-310001811972Entact Environmental Services, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Northstar Recycling, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Northstar Recycling, LLC, Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:EnvironmentalIndustriesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972A.T. Holdings II LTD, First Lien Senior Secured Term Loan2024-12-310001811972Amalfi Midco, Second Lien Senior Secured Term Loan2024-12-310001811972Amalfi Midco, Subordinated Loan Notes2024-12-310001811972APOG Bidco Pty Ltd, Second Lien Senior Secured Term Loan2024-12-310001811972Astra Bidco Limited, First Lien Senior Secured Term Loan 12024-12-310001811972Astra Bidco Limited, First Lien Senior Secured Term Loan 22024-12-310001811972Avance Clinical Bidco Pty Ltd, First Lien Senior Secured Term Loan2024-12-310001811972Biolam Group, First Lien Senior Secured Term Loan2024-12-310001811972BVI Medical, Inc., Second Lien Senior Secured Term Loan2024-12-310001811972Canadian Orthodontic Partners Corp., First Lien Senior Secured Term Loan2024-12-310001811972Canadian Orthodontic Partners Corp., Super Senior Secured Term Loan2024-12-310001811972Ceres Pharma NV, First Lien Senior Secured Term Loan 12024-12-310001811972Ceres Pharma NV, First Lien Senior Secured Term Loan 22024-12-310001811972Coherus Biosciences, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Dune Group, First Lien Senior Secured Term Loan 12024-12-310001811972Dune Group, First Lien Senior Secured Term Loan 22024-12-310001811972Dune Group, First Lien Senior Secured Term Loan 32024-12-310001811972Ellkay, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Faraday, First Lien Senior Secured Term Loan2024-12-310001811972Finexvet, First Lien Senior Secured Term Loan2024-12-310001811972Forest Buyer, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Forest Buyer, LLC, Revolver2024-12-310001811972GCDL LLC, First Lien Senior Secured Term Loan2024-12-310001811972GCDL LLC, Revolver2024-12-310001811972GPNZ II GmbH, First Lien Senior Secured Term Loan 12024-12-310001811972GPNZ II GmbH, First Lien Senior Secured Term Loan 22024-12-310001811972GPNZ II GmbH, First Lien Senior Secured Term Loan 32024-12-310001811972Groupe Product Life, First Lien Senior Secured Term Loan2024-12-310001811972HeartHealth Bidco Pty Ltd, First Lien Senior Secured Term Loan2024-12-310001811972Heartland Veterinary Partners, LLC, Subordinated Term Loan2024-12-310001811972HemaSource, Inc., First Lien Senior Secured Term Loan2024-12-310001811972HemaSource, Inc., Revolver2024-12-310001811972Home Care Assistance, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Hygie 31 Holding, First Lien Senior Secured Term Loan2024-12-310001811972ISTO Technologies II, LLC, First Lien Senior Secured Term Loan2024-12-310001811972ISTO Technologies II, LLC, Revolver2024-12-310001811972Jon Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Keystone Bidco B.V., First Lien Senior Secured Term Loan2024-12-310001811972Keystone Bidco B.V., Revolver2024-12-310001811972Lambir Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Lambir Bidco Limited, Second Lien Senior Secured Term Loan2024-12-310001811972Median B.V., First Lien Senior Secured Term Loan2024-12-310001811972MI OpCo Holdings, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Moonlight Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Napa Bidco Pty Ltd, First Lien Senior Secured Term Loan2024-12-310001811972Navia Benefit Solutions, Inc., First Lien Senior Secured Term Loan2024-12-310001811972NPM Investments 28 B.V., First Lien Senior Secured Term Loan2024-12-310001811972OA Buyer, Inc., First Lien Senior Secured Term Loan2024-12-310001811972OA Buyer, Inc., Revolver2024-12-310001811972Ocular Therapeutix, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Oracle Vision Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Parkview Dental Holdings LLC, First Lien Senior Secured Term Loan2024-12-310001811972Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 12024-12-310001811972Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 22024-12-310001811972SSCP Pegasus Midco Limited, First Lien Senior Secured Term Loan2024-12-310001811972SSCP Spring Bidco 3 Limited, First Lien Senior Secured Term Loan2024-12-310001811972Union Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972United Therapy Holding III GmbH, First Lien Senior Secured Term Loan2024-12-310001811972Unither (Uniholding), First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:HealthcareAndPharmaceuticalsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Argus Bidco Limited, First Lien Senior Secured Term Loan 12024-12-310001811972Argus Bidco Limited, First Lien Senior Secured Term Loan 22024-12-310001811972Argus Bidco Limited, First Lien Senior Secured Term Loan 32024-12-310001811972Argus Bidco Limited, Second Lien Senior Secured Term Loan2024-12-310001811972CAi Software, LLC, First Lien Senior Secured Term Loan2024-12-310001811972CAi Software, LLC, Revolver2024-12-310001811972Caribou Holding Company, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Contabo FincoS.À R.L, First Lien Senior Secured Term Loan2024-12-310001811972CW Group Holdings, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Dragon Bidco, First Lien Senior Secured Term Loan2024-12-310001811972Dwyer Instruments, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Electrical Components International, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 12024-12-310001811972Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 22024-12-310001811972Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 32024-12-310001811972Eurofins Digital Testing International LUX Holding SARL, Senior Subordinated Term Loan2024-12-310001811972FSS Buyer LLC, First Lien Senior Secured Term Loan2024-12-310001811972Graphpad Software, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Graphpad Software, LLC, Revolver2024-12-310001811972NAW Buyer LLC, First Lien Senior Secured Term Loan2024-12-310001811972NAW Buyer LLC, Revolver2024-12-310001811972NeoxCo, First Lien Senior Secured Term Loan2024-12-310001811972Next Holdco, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Next Holdco, LLC, Revolver2024-12-310001811972ORTEC INTERNATIONAL NEWCO B.V., First Lien Senior Secured Term Loan2024-12-310001811972OSP Hamilton Purchaser, LLC, First Lien Senior Secured Term Loan2024-12-310001811972OSP Hamilton Purchaser, LLC, Revolver2024-12-310001811972PDQ.Com Corporation, First Lien Senior Secured Term Loan2024-12-310001811972PowerGEM Buyer, Inc., First Lien Senior Secured Term Loan2024-12-310001811972ProfitOptics, LLC, First Lien Senior Secured Term Loan2024-12-310001811972ProfitOptics, LLC, Revolver2024-12-310001811972ProfitOptics, LLC, Senior Subordinated Term Loan2024-12-310001811972Pro-Vision Solutions Holdings, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Pro-Vision Solutions Holdings, LLC, Revolver2024-12-310001811972PSP Intermediate 4, LLC, First Lien Senior Secured Term Loan 12024-12-310001811972PSP Intermediate 4, LLC, First Lien Senior Secured Term Loan 22024-12-310001811972Saab Purchaser, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Saab Purchaser, Inc., Revolver2024-12-310001811972Scout Bidco B.V., First Lien Senior Secured Term Loan 12024-12-310001811972Scout Bidco B.V., First Lien Senior Secured Term Loan 22024-12-310001811972Scout Bidco B.V., Revolver2024-12-310001811972Sinari Invest, First Lien Senior Secured Term Loan2024-12-310001811972Smartling, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Smartling, Inc., Revolver2024-12-310001811972White Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:HighTechIndustriesMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Aquavista Watersides 2 LTD, First Lien Senior Secured Term Loan2024-12-310001811972Aquavista Watersides 2 LTD, Second Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:HotelGamingLeisureMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972ASC Communications, LLC, First Lien Senior Secured Term Loan2024-12-310001811972ASC Communications, LLC, Revolver2024-12-310001811972Superjet Buyer, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Superjet Buyer, LLC, Revolver2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:MediaAdvertisingPrintingPublishingMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Music Reports, Inc., First Lien Senior Secured Term Loan2024-12-310001811972The Octave Music Group, Inc., First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:MediaBroadcastingSubscriptionMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972BrightSign LLC, First Lien Senior Secured Term Loan2024-12-310001811972BrightSign LLC, Revolver2024-12-310001811972Footco 40 Limited, First Lien Senior Secured Term Loan 12024-12-310001811972Footco 40 Limited, First Lien Senior Secured Term Loan 22024-12-310001811972Learfield Communications, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Murphy Midco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Rock Labor LLC, First Lien Senior Secured Term Loan2024-12-310001811972Rock Labor LLC, Revolver2024-12-310001811972Solo Buyer, L.P., First Lien Senior Secured Term Loan2024-12-310001811972Solo Buyer, L.P., Revolver2024-12-310001811972Vital Buyer, LLC, First Lien Senior Secured Term Loan2024-12-310001811972us-gaap:DebtSecuritiesMemberbdc:MediaDiversifiedProductionMemberus-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001811972Acclime Holdings HK Limited, First Lien Senior Secured Term Loan2024-12-310001811972Acogroup, First Lien Senior Secured Term Loan2024-12-310001811972AD Bidco, Inc., First Lien Senior Secured Term Loan2024-12-310001811972AD Bidco, Inc., Revolver2024-12-310001811972Adhefin International, First Lien Senior Secured Term Loan2024-12-310001811972Adhefin International, Subordinated Term Loan2024-12-310001811972AlliA Insurance Brokers NV, First Lien Senior Secured Term Loan2024-12-310001811972Artemis Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Azalea Buyer, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Azalea Buyer, Inc., Revolver2024-12-310001811972Azalea Buyer, Inc., Subordinated Term Loan2024-12-310001811972Basin Innovation Group, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Basin Innovation Group, LLC, Revolver2024-12-310001811972BNI Global, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Bounteous, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Brightpay Limited, First Lien Senior Secured Term Loan 12024-12-310001811972Brightpay Limited, First Lien Senior Secured Term Loan 22024-12-310001811972Brightpay Limited, First Lien Senior Secured Term Loan 32024-12-310001811972British Engineering Services Holdco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Caldwell & Gregory LLC, First Lien Senior Secured Term Loan2024-12-310001811972Caldwell & Gregory LLC, Revolver2024-12-310001811972CGI Parent, LLC, First Lien Senior Secured Term Loan2024-12-310001811972CGI Parent, LLC, Revolver2024-12-310001811972Comply365, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Comply365, LLC, Revolver2024-12-310001811972Coyo Uprising GmbH, First Lien Senior Secured Term Loan2024-12-310001811972DataServ Integrations, LLC, First Lien Senior Secured Term Loan2024-12-310001811972DataServ Integrations, LLC, Revolver2024-12-310001811972DISA Holdings Corp., First Lien Senior Secured Term Loan2024-12-310001811972DISA Holdings Corp., Revolver2024-12-310001811972Dunlipharder B.V., First Lien Senior Secured Term Loan2024-12-310001811972EFC International, Senior Unsecured Term Loan2024-12-310001811972Electric Equipment & Engineering Co., First Lien Senior Secured Term Loan2024-12-310001811972Events Software BidCo Pty Ltd, First Lien Senior Secured Term Loan2024-12-310001811972Fortis Payment Systems, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Fortis Payment Systems, LLC, Revolver2024-12-310001811972Greenhill II BV, First Lien Senior Secured Term Loan2024-12-310001811972HEKA Invest, First Lien Senior Secured Term Loan2024-12-310001811972Hydratech Holdings, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Hydratech Holdings, Inc., Revolver2024-12-310001811972Infoniqa Holdings GmbH, First Lien Senior Secured Term Loan2024-12-310001811972Interstellar Group B.V., First Lien Senior Secured Term Loan2024-12-310001811972Isolstar Holding NV (IPCOM), First Lien Senior Secured Term Loan2024-12-310001811972JF Acquisition, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Jones Fish Hatcheries & Distributors LLC, First Lien Senior Secured Term Loan2024-12-310001811972Jones Fish Hatcheries & Distributors LLC, Revolver2024-12-310001811972LeadsOnline, LLC, First Lien Senior Secured Term Loan2024-12-310001811972LeadsOnline, LLC, Revolver2024-12-310001811972Long Term Care Group, Inc., First Lien Senior Secured Term Loan2024-12-310001811972MB Purchaser, LLC, First Lien Senior Secured Term Loan2024-12-310001811972MB Purchaser, LLC, Revolver2024-12-310001811972MC Group Ventures Corporation, First Lien Senior Secured Term Loan2024-12-310001811972NF Holdco, LLC, First Lien Senior Secured Term Loan2024-12-310001811972NF Holdco, LLC, Revolver2024-12-310001811972Origin Bidco Limited, First Lien Senior Secured Term Loan 12024-12-310001811972Origin Bidco Limited, First Lien Senior Secured Term Loan 22024-12-310001811972Qualified Industries, LLC, First Lien Senior Secured Term Loan 12024-12-310001811972Qualified Industries, LLC, First Lien Senior Secured Term Loan 22024-12-310001811972Qualified Industries, LLC, Revolver2024-12-310001811972Questel Unite, First Lien Senior Secured Term Loan 12024-12-310001811972Questel Unite, First Lien Senior Secured Term Loan 22024-12-310001811972Questel Unite, First Lien Senior Secured Term Loan 32024-12-310001811972Recovery Point Systems, Inc., First Lien Senior Secured Term Loan2024-12-310001811972ROI Solutions LLC, First Lien Senior Secured Term Loan2024-12-310001811972ROI Solutions LLC, Revolver2024-12-310001811972Royal Buyer, LLC, First Lien Senior Secured Term Loan2024-12-310001811972Royal Buyer, LLC, Revolver2024-12-310001811972RPX Corporation, First Lien Senior Secured Term Loan2024-12-310001811972RPX Corporation, Revolver2024-12-310001811972Sansidor BV, First Lien Senior Secured Term Loan2024-12-310001811972SBP Holdings LP, First Lien Senior Secured Term Loan2024-12-310001811972SBP Holdings LP, Revolver2024-12-310001811972Scaled Agile, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Scaled Agile, Inc., Revolver2024-12-310001811972SmartShift Group, Inc., First Lien Senior Secured Term Loan2024-12-310001811972SmartShift Group, Inc., Revolver2024-12-310001811972Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), First Lien Senior Secured Term Loan2024-12-310001811972Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Revolver2024-12-310001811972Starnmeer B.V., First Lien Senior Secured Term Loan2024-12-310001811972TA SL Cayman Aggregator Corp., Subordinated Term Loan2024-12-310001811972Tanqueray Bidco Limited, First Lien Senior Secured Term Loan2024-12-310001811972Technology Service Stream BidCo Pty Ltd, First Lien Senior Secured Term Loan2024-12-310001811972Techone B.V., First Lien Senior Secured Term Loan2024-12-310001811972Techone B.V., Revolver2024-12-310001811972Trintech, Inc., First Lien Senior Secured Term Loan2024-12-310001811972Trintech, Inc., Revolver2024-12-310001811972TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 12024-12-310001811972TSYL Corporate Buyer, 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Legal Holdings, LLC, Delayed Draw Term Loan2025-09-300001811972ABC Legal Holdings, LLC, Delayed Draw Term Loan2024-12-310001811972ABC Legal Holdings, LLC, Revolver2024-12-310001811972Accelevation LLC, Delayed Draw Term Loan2025-09-300001811972Accelevation LLC, Delayed Draw Term Loan2024-12-310001811972Accelevation LLC, Revolver2024-12-310001811972AD Bidco, Inc., Delayed Draw Term Loan2025-09-300001811972AD Bidco, Inc., Delayed Draw Term Loan2024-12-310001811972Adhefin International, Delayed Draw Term Loan2025-09-300001811972Adhefin International, Delayed Draw Term Loan2024-12-310001811972AirX Climate Solutions, Inc., Delayed Draw Term Loan2025-09-300001811972AirX Climate Solutions, Inc., Delayed Draw Term Loan2024-12-310001811972AlliA Insurance Brokers NV, Delayed Draw Term Loan2025-09-300001811972AlliA Insurance Brokers NV, Delayed Draw Term Loan2024-12-310001811972Application Boot Camp, LLC, Revolver2025-09-300001811972Application Boot Camp, LLC, Revolver2024-12-310001811972Aquavista Watersides 2 LTD, Capex / Acquisition Facility2025-09-300001811972Aquavista Watersides 2 LTD, Capex / Acquisition Facility2024-12-310001811972Arc Education, Delayed Draw Term Loan2025-09-300001811972Arc Education, Delayed Draw Term Loan2024-12-310001811972Argus Bidco Limited, Capex / Acquisition Facility2025-09-300001811972Argus Bidco Limited, Capex / Acquisition Facility2024-12-310001811972Artemis Bidco Limited, Delayed Draw Term Loan2025-09-300001811972Artemis Bidco Limited, Delayed Draw Term Loan2024-12-310001811972Astra Bidco Limited, Delayed Draw Term Loan2025-09-300001811972Astra Bidco Limited, Delayed Draw Term Loan2024-12-310001811972Avance Clinical Bidco Pty Ltd, Delayed Draw Term Loan2025-09-300001811972Avance Clinical Bidco Pty Ltd, Delayed Draw Term Loan2024-12-310001811972Azalea Buyer, Inc., Delayed Draw Term Loan2025-09-300001811972Azalea Buyer, Inc., Delayed Draw Term Loan2024-12-310001811972Basin Innovation Group, LLC, Delayed Draw Term Loan2025-09-300001811972Basin Innovation Group, LLC, Delayed Draw Term Loan2024-12-310001811972Biolam Group, Delayed Draw Term Loan2025-09-300001811972Biolam Group, Delayed Draw Term Loan2024-12-310001811972Bishop Street Underwriters, LLC, Delayed Draw Term Loan2025-09-300001811972Bishop Street Underwriters, LLC, Delayed Draw Term Loan2024-12-310001811972Brightpay Limited, Delayed Draw Term Loan2025-09-300001811972Brightpay Limited, Delayed Draw Term Loan2024-12-310001811972Broadstone Group UK LTD, Delayed Draw Term Loan2025-09-300001811972Broadstone Group UK LTD, Delayed Draw Term Loan2024-12-310001811972CAi Software, LLC, Revolver2025-09-300001811972Caldwell & Gregory LLC, Delayed Draw Term Loan2025-09-300001811972Caldwell & Gregory LLC, Delayed Draw Term Loan2024-12-310001811972Canadian Orthodontic Partners Corp., Delayed Draw Term Loan2025-09-300001811972Canadian Orthodontic Partners Corp., Delayed Draw Term Loan2024-12-310001811972Cascade Residential Services LLC, Delayed Draw Term Loan2025-09-300001811972Cascade Residential Services LLC, Delayed Draw Term Loan2024-12-310001811972CCFF Buyer, LLC, Delayed Draw Term Loan2025-09-300001811972CCFF Buyer, LLC, Delayed Draw Term Loan2024-12-310001811972CH Buyer, LLC, Revolver2024-12-310001811972CloudOne Digital Corp., Revolver2024-12-310001811972Coyo Uprising GmbH, Delayed Draw Term Loan2025-09-300001811972Coyo Uprising GmbH, Delayed Draw Term Loan2024-12-310001811972CSL DualCom, Capex / Acquisition Facility2025-09-300001811972CSL DualCom, Capex / Acquisition Facility2024-12-310001811972DataServ Integrations, LLC, Revolver2025-09-300001811972DAWGS Intermediate Holdings Co., Revolver2024-12-310001811972Discovery Buyer, L.P., Delayed Draw Term Loan2025-09-300001811972Discovery Buyer, L.P., Delayed Draw Term Loan2024-12-310001811972Discovery Buyer, L.P., Revolver2024-12-310001811972Dune Group, Delayed Draw Term Loan2025-09-300001811972Dune Group, Delayed Draw Term Loan2024-12-310001811972Durare Bidco, LLC, Delayed Draw Term Loan2025-09-300001811972Durare Bidco, LLC, Delayed Draw Term Loan2024-12-310001811972Durare Bidco, LLC, Revolver2024-12-310001811972EB Development, Capex / Acquisition Facility2025-09-300001811972EB Development, Capex / Acquisition Facility2024-12-310001811972EB Development, Delayed Draw Term Loan2025-09-300001811972EB Development, Delayed Draw Term Loan2024-12-310001811972Electrical Components International, Inc., Delayed Draw Term Loan2025-09-300001811972Electrical Components International, Inc., Delayed Draw Term Loan2024-12-310001811972Events Software BidCo Pty Ltd, Delayed Draw Term Loan2025-09-300001811972Events Software BidCo Pty Ltd, Delayed Draw Term Loan2024-12-310001811972Expert Institute Group Inc., Delayed Draw Term Loan2025-09-300001811972Expert Institute Group Inc., Delayed Draw Term Loan2024-12-310001811972Expert Institute Group Inc., Revolver2024-12-310001811972EZ SMBO Bidco, Delayed Draw Term Loan2025-09-300001811972EZ SMBO Bidco, Delayed Draw Term Loan2024-12-310001811972Faraday, Delayed Draw Term Loan2025-09-300001811972Faraday, Delayed Draw Term Loan2024-12-310001811972Finaxy Holding, Delayed Draw Term Loan2025-09-300001811972Finaxy Holding, Delayed Draw Term Loan2024-12-310001811972Footco 40 Limited, Delayed Draw Term Loan2025-09-300001811972Footco 40 Limited, Delayed Draw Term Loan2024-12-310001811972Fortis Payment Systems, LLC, Delayed Draw Term Loan2025-09-300001811972Fortis Payment Systems, LLC, Delayed Draw Term Loan2024-12-310001811972Fortis Payment Systems, LLC, Revolver2025-09-300001811972GB Eagle Buyer, Inc., Delayed Draw Term Loan2025-09-300001811972GB Eagle Buyer, Inc., Delayed Draw Term Loan2024-12-310001811972GCDL LLC, Delayed Draw Term Loan2025-09-300001811972GCDL LLC, Delayed Draw Term Loan2024-12-310001811972GenesisCare, Delayed Draw Term Loan2025-09-300001811972GenesisCare, Delayed Draw Term Loan2024-12-310001811972Global Academic Group Limited, Term Loan2025-09-300001811972Global Academic Group Limited, Term Loan2024-12-310001811972GMES LLC, Delayed Draw Term Loan2025-09-300001811972GMES LLC, Delayed Draw Term Loan2024-12-310001811972GMES LLC, Revolver2024-12-310001811972GPNZ II GmbH, Delayed Draw Term Loan2025-09-300001811972GPNZ II GmbH, Delayed Draw Term Loan2024-12-310001811972Graphpad Software, LLC, Delayed Draw Term Loan2025-09-300001811972Graphpad Software, LLC, Delayed Draw Term Loan2024-12-310001811972Graphpad Software, LLC, Revolver2025-09-300001811972Greenhill II BV, Capex / Acquisition Facility2025-09-300001811972Greenhill II BV, Capex / Acquisition Facility2024-12-310001811972Groupe Product Life, Delayed Draw Term Loan2025-09-300001811972Groupe Product Life, Delayed Draw Term Loan2024-12-310001811972Haystack Holdings LLC, Delayed Draw Term Loan2025-09-300001811972Haystack Holdings LLC, Delayed Draw Term Loan2024-12-310001811972Haystack Holdings LLC, Revolver2024-12-310001811972HeartHealth Bidco Pty Ltd, Delayed Draw Term Loan2025-09-300001811972HeartHealth Bidco Pty Ltd, Delayed Draw Term Loan2024-12-310001811972HEKA Invest, Delayed Draw Term Loan2025-09-300001811972HEKA Invest, Delayed Draw Term Loan2024-12-310001811972High Street Buyer Inc., Delayed Draw Term Loan2025-09-300001811972High Street Buyer Inc., Delayed Draw Term Loan2024-12-310001811972HomeX Services Group LLC, Delayed Draw Term Loan2025-09-300001811972HomeX Services Group LLC, Delayed Draw Term Loan2024-12-310001811972HS Advisory Buyer LLC, Delayed Draw Term Loan2025-09-300001811972HS Advisory Buyer LLC, Delayed Draw Term Loan2024-12-310001811972HS Advisory Buyer LLC, Revolver2024-12-310001811972HSL Compliance, Delayed Draw Term Loan2025-09-300001811972HSL Compliance, Delayed Draw Term Loan2024-12-310001811972HTI Technology & Industries, Delayed Draw Term Loan2025-09-300001811972HTI Technology & Industries, Delayed Draw Term Loan2024-12-310001811972Hydratech Holdings, Inc., Delayed Draw Term Loan2025-09-300001811972Hydratech Holdings, Inc., Delayed Draw Term Loan2024-12-310001811972International Fleet Financing No.2 B.V., Revolver2025-09-300001811972International Fleet Financing No.2 B.V., Revolver2024-12-310001811972Interstellar Group B.V., Delayed Draw Term Loan2025-09-300001811972Interstellar Group B.V., Delayed Draw Term Loan2024-12-310001811972InvoCare Limited, Delayed Draw Term Loan2025-09-300001811972InvoCare Limited, Delayed Draw Term Loan2024-12-310001811972ISTO Technologies II, LLC, Revolver2025-09-300001811972Jon Bidco Limited, Capex / Acquisition Facility2025-09-300001811972Jon Bidco Limited, Capex / Acquisition Facility2024-12-310001811972Jon Bidco Limited, Delayed Draw Term Loan2025-09-300001811972Jon Bidco Limited, Delayed Draw Term Loan2024-12-310001811972KAMC Holdings Inc., Revolver2024-12-310001811972Keystone Bidco B.V., Delayed Draw Term Loan2025-09-300001811972Keystone Bidco B.V., Delayed Draw Term Loan2024-12-310001811972Lambir Bidco Limited, Delayed Draw Term Loan2025-09-300001811972Lambir Bidco Limited, Delayed Draw Term Loan2024-12-310001811972LHS Borrower, LLC, Revolver2024-12-310001811972Lockmasters Security Intermediate, Inc., Delayed Draw Term Loan2025-09-300001811972Lockmasters Security Intermediate, Inc., Delayed Draw Term Loan2024-12-310001811972Lockmasters Security Intermediate, Inc., Revolver2024-12-310001811972Marmoutier Holding B.V., Delayed Draw Term Loan2025-09-300001811972Marmoutier Holding B.V., Delayed Draw Term Loan2024-12-310001811972Marmoutier Holding B.V., Term Loan2025-09-300001811972Marmoutier Holding B.V., Term Loan2024-12-310001811972MB Purchaser, LLC, Delayed Draw Term Loan2025-09-300001811972MB Purchaser, LLC, Delayed Draw Term Loan2024-12-310001811972MC Group Ventures Corporation, Delayed Draw Term Loan2025-09-300001811972MC Group Ventures Corporation, Delayed Draw Term Loan2024-12-310001811972Mercell Holding AS, Capex / Acquisition Facility2025-09-300001811972Mercell Holding AS, Capex / Acquisition Facility2024-12-310001811972MIV Buyer, LLC, Delayed Draw Term Loan2025-09-300001811972MIV Buyer, LLC, Delayed Draw Term Loan2024-12-310001811972MIV Buyer, LLC, Revolver2024-12-310001811972Modern Star Holdings Bidco Pty Limited, Term Loan2025-09-300001811972Modern Star Holdings Bidco Pty Limited, Term Loan2024-12-310001811972Momentum Textiles, LLC, Revolver2024-12-310001811972Moonlight Bidco Limited, Delayed Draw Term Loan2025-09-300001811972Moonlight Bidco Limited, Delayed Draw Term Loan2024-12-310001811972MSI Express Inc., Delayed Draw Term Loan2025-09-300001811972MSI Express Inc., Delayed Draw Term Loan2024-12-310001811972MSI Express Inc., Revolver2024-12-310001811972Narda Acquisitionco., Inc., Revolver2025-09-300001811972NAW Buyer LLC, Delayed Draw Term Loan2025-09-300001811972NAW Buyer LLC, Delayed Draw Term Loan2024-12-310001811972Next Holdco, LLC, Delayed Draw Term Loan2025-09-300001811972Next Holdco, LLC, Delayed Draw Term Loan2024-12-310001811972Northstar Recycling, LLC, Delayed Draw Term Loan2025-09-300001811972Northstar Recycling, LLC, 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Finance LTD, Capex / Acquisition Facility2025-09-300001811972Qima Finance LTD, Capex / Acquisition Facility2024-12-310001811972Randys Holdings, Inc., Delayed Draw Term Loan2025-09-300001811972Randys Holdings, Inc., Delayed Draw Term Loan2024-12-310001811972Rapid Buyer LLC, Delayed Draw Term Loan2025-09-300001811972Rapid Buyer LLC, Delayed Draw Term Loan2024-12-310001811972Rapid Buyer LLC, Revolver2024-12-310001811972Real Chemistry Intermediate III, Inc., Delayed Draw Term Loan2025-09-300001811972Real Chemistry Intermediate III, Inc., Delayed Draw Term Loan2024-12-310001811972Real Chemistry Intermediate III, Inc., Revolver2024-12-310001811972RKD Group, LLC, Delayed Draw Term Loan2025-09-300001811972RKD Group, LLC, Delayed Draw Term Loan2024-12-310001811972RKD Group, LLC, Revolver2024-12-310001811972Rocade Holdings LLC, Preferred Equity2025-09-300001811972Rocade Holdings LLC, Preferred Equity2024-12-310001811972ROI Solutions LLC, Delayed Draw Term Loan2025-09-300001811972ROI Solutions LLC, Delayed Draw Term Loan2024-12-310001811972Royal Buyer, LLC, Revolver2025-09-300001811972Saab Purchaser, Inc., Delayed Draw Term Loan2025-09-300001811972Saab Purchaser, Inc., Delayed Draw Term Loan2024-12-310001811972Sanoptis S.A.R.L., Term Loan2025-09-300001811972Sanoptis S.A.R.L., Term Loan2024-12-310001811972Sansidor BV, Capex / Acquisition Facility2025-09-300001811972Sansidor BV, Capex / Acquisition Facility2024-12-310001811972SCP Medical Products, LLC., Revolver2024-12-310001811972Screenvision, LLC, Revolver2024-12-310001811972Sinari Invest, Delayed Draw Term Loan2025-09-300001811972Sinari Invest, Delayed Draw Term Loan2024-12-310001811972SISU ACQUISITIONCO., INC., Delayed Draw Term Loan2025-09-300001811972SISU ACQUISITIONCO., INC., Delayed Draw Term Loan2024-12-310001811972Skyvault Holdings LLC, Delayed Draw Term Loan2025-09-300001811972Skyvault Holdings LLC, Delayed Draw Term Loan2024-12-310001811972Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Delayed Draw Term Loan2025-09-300001811972Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Delayed Draw Term Loan2024-12-310001811972SPATCO Energy Solutions, LLC, Delayed Draw Term Loan2025-09-300001811972SPATCO Energy Solutions, LLC, Delayed Draw Term Loan2024-12-310001811972SSCP Pegasus Midco Limited, Delayed Draw Term Loan2025-09-300001811972SSCP Pegasus Midco Limited, Delayed Draw Term Loan2024-12-310001811972SVI International LLC, Delayed Draw Term Loan2025-09-300001811972SVI International LLC, Delayed Draw Term Loan2024-12-310001811972Swoop Intermediate III, Inc., Delayed Draw Term Loan2025-09-300001811972Swoop Intermediate III, Inc., Delayed Draw Term Loan2024-12-310001811972Swoop Intermediate III, Inc., Revolver2024-12-310001811972TA KHP Aggregator, L.P., Delayed Draw Term Loan2025-09-300001811972TA KHP Aggregator, L.P., Delayed Draw Term Loan2024-12-310001811972TA KHP Aggregator, L.P., Revolver2024-12-310001811972Tank Holding Corp, Delayed Draw Term Loan2025-09-300001811972Tank Holding Corp, Delayed Draw Term Loan2024-12-310001811972Tanqueray Bidco Limited, Capex / Acquisition Facility2025-09-300001811972Tanqueray Bidco Limited, Capex / Acquisition Facility2024-12-310001811972TAPCO Buyer LLC, Delayed Draw Term Loan2025-09-300001811972TAPCO Buyer LLC, Delayed Draw Term Loan2024-12-310001811972Technology Service Stream BidCo Pty Ltd, Delayed Draw Term Loan2025-09-300001811972Technology Service Stream BidCo Pty Ltd, Delayed Draw Term Loan2024-12-310001811972The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Delayed Draw Term Loan2025-09-300001811972The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Delayed Draw Term Loan2024-12-310001811972THG Acquisition, LLC, Delayed Draw Term Loan2025-09-300001811972THG Acquisition, LLC, Delayed Draw Term Loan2024-12-310001811972TSYL Corporate Buyer, Inc., Delayed Draw Term Loan2025-09-300001811972TSYL Corporate Buyer, Inc., Delayed Draw Term Loan2024-12-310001811972UBC Ledgers Holding AB, Delayed Draw Term Loan2025-09-300001811972UBC Ledgers Holding AB, Delayed Draw Term Loan2024-12-310001811972UHY Advisors, Inc., Delayed Draw Term Loan2025-09-300001811972UHY Advisors, Inc., Delayed Draw Term Loan2024-12-310001811972Union Bidco Limited, Capex / Acquisition Facility2025-09-300001811972Union Bidco Limited, Capex / Acquisition Facility2024-12-310001811972United Therapy Holding III GmbH, Capex / Acquisition Facility2025-09-300001811972United Therapy Holding III GmbH, Capex / Acquisition Facility2024-12-310001811972Unither (Uniholding), Delayed Draw Term Loan2025-09-300001811972Unither (Uniholding), Delayed Draw Term Loan2024-12-310001811972Unosquare, LLC, Delayed Draw Term Loan2025-09-300001811972Unosquare, LLC, Delayed Draw Term Loan2024-12-310001811972Unosquare, LLC, Revolver2024-12-310001811972WEST-NR ACQUISITIONCO, LLC, Delayed Draw Term Loan2025-09-300001811972WEST-NR ACQUISITIONCO, LLC, Delayed Draw Term Loan2024-12-310001811972White Bidco Limited, Delayed Draw Term Loan2025-09-300001811972White Bidco Limited, Delayed Draw Term Loan2024-12-310001811972Woodland Foods, LLC, Line of Credit2025-09-300001811972Woodland Foods, LLC, Line of Credit2024-12-310001811972Zelda Luxco S.A.S, Delayed Draw Term Loan2025-09-300001811972Zelda Luxco S.A.S, Delayed Draw Term Loan2024-12-310001811972us-gaap:SubsequentEventMember2025-11-062025-11-060001811972bdc:INGCapitalCreditFacilityMember2025-01-012025-09-300001811972bdc:INGCapitalCreditFacilityDenominatedInPoundsSterlingMember2025-01-012025-09-300001811972bdc:INGCapitalCreditFacilityDenominatedInEurosMember2025-01-012025-09-300001811972bdc:SeniorUnsecuredNotesDueFebruary2027Member2025-01-012025-09-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________________________________

Form 10-Q

__________________________________________________________

(Mark One)


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

For the quarterly period ended September 30, 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 814-01348

______________________________________________________________________

Barings Capital Investment Corporation

(Exact name of registrant as specified in its charter)

__________________________________________________________


Maryland						85-0654007
(State or other jurisdiction of						(I.R.S. Employer
incorporation or organization)						Identification No.)

300 South Tryon Street, Suite 2500 Charlotte, North Carolina						28202
(Address of principal executive offices)						(Zip Code)

Registrant's telephone number, including area code: (704) 805-7200

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

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


Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
None	None	None

________________________________________________________

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 ý 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 during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý 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	ý	Smaller reporting company	¨
		Emerging growth company	ý
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 ý

The number of shares outstanding of the registrant’s common stock on November 6, 2025 was 32,068,348.

BARINGS CAPITAL INVESTMENT CORPORATION

TABLE OF CONTENTS

QUARTERLY REPORT ON FORM 10-Q


		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements
	Unaudited Consolidated Balance Sheet as of September 30, 2025 and Consolidated Balance Sheet as of December 31, 2024	3
	Unaudited Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 2024	4
	Unaudited Consolidated Statement s of Changes in Net Assets for the Three and Nine Months Ended September 30, 2025 and 2024	6
	Unaudited Consolidated Statement s of Cash Flows for the Nine Months Ended September 30, 2025 and 2024	8
	Unaudited Consolidated Schedule of Investments as of September 30, 2025	9
	Consolidated Schedule of Investments as of December 31, 2024	31
	Notes to Unaudited Consolidated Financial Statements	52
Item 2.	Management ’s Discussion and Analysis of Financial Condition and Results of Operations	87
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	109
Item 4.	Controls and Procedures	110

PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	111
Item 1A.	Risk Factors	111
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	111
Item 3.	Defaults Upon Senior Securities	111
Item 4.	Mine Safety Disclosures	111
Item 5.	Other Information	111
Item 6.	Exhibits	112
Signatures		113

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

Barings Capital Investment Corporation

Consolidated Balance Sheets

(in thousands, except share and per share data)


	September 30, 2025		December 31, 2024
	(Unaudited)
Assets:
Investments at fair value:
Non-Control / Non-Affiliate investments (cost of $1,173,355 and $1,187,354 as of September 30, 2025 and December 31, 2024, respectively)	$	1,172,017	$	1,163,684
Affiliate investments (cost of $193,865 and $187,935 as of September 30, 2025 and December 31, 2024, respectively)	199,961		193,272


Total investments at fair value	1,371,978		1,356,956
Cash	16,555		44,490
Foreign currencies (cost of $9,297 and $9,617 as of September 30, 2025 and December 31, 2024, respectively)	9,298		9,352
Interest and fees receivable	21,646		19,492
Prepaid expenses and other assets	436		135
Derivative assets	988		17,791
Deferred financing fees	5,675		7,186
Receivable from unsettled transactions	878		2,577
Total assets	$	1,427,454	$	1,457,979
Liabilities:
Accounts payable and accrued liabilities	$	3,926	$	3,782
Interest payable	3,072		3,552
Administrative fees payable	217		259
Base management fees payable	529		525
Incentive management fees payable	3,119		2,581

Derivative liabilities	—		3,291
Payable from unsettled transactions	338		395
Borrowings under credit facility	595,705		650,124

Notes payable (net of deferred financing fees)	99,930		99,893

Total liabilities	706,836		764,402
Commitments and contingencies (Note 7)
Net Assets:
Common stock, $0.001 par value per share (500,000,000 shares authorized, 32,068,348 and 30,736,412 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively)	32		31
Additional paid-in capital	696,876		666,803
Total distributable earnings	23,710		26,743
Total net assets	720,618		693,577
Total liabilities and net assets	$	1,427,454	$	1,457,979
Net asset value per share	$	22.47	$	22.57

See accompanying notes.

Barings Capital Investment Corporation

Unaudited Consolidated Statements of Operations

(in thousands, except share and per share data)


	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Investment income:
Interest income:
Non-Control / Non-Affiliate investments	$	25,763	$	29,829	$	78,368	$	89,113
Affiliate investments	273		404		1,215		1,149


Total interest income	26,036		30,233		79,583		90,262
Dividend income:
Non-Control / Non-Affiliate investments	1,961		85		2,167		533
Affiliate investments	2,264		2,382		7,033		8,480

Total dividend income	4,225		2,467		9,200		9,013
Fee and other income:
Non-Control / Non-Affiliate investments	1,981		1,838		6,057		5,475
Affiliate investments	1		24		67		73

Total fee and other income	1,982		1,862		6,124		5,548
Payment-in-kind interest income:
Non-Control / Non-Affiliate investments	2,365		1,681		6,229		5,108
Affiliate investments	290		96		503		281

Total payment-in-kind interest income	2,655		1,777		6,732		5,389
Payment-in-kind dividend income:
Non-Control / Non-Affiliate investments	797		670		2,087		1,943
Affiliate investments	1,645		1,660		4,760		4,822

Total payment-in-kind dividend income	2,442		2,330		6,847		6,765
Interest income from cash	4		10		21		32
Total investment income	37,344		38,679		108,507		117,009
Operating expenses:
Interest and other financing fees	11,065		12,753		34,135		39,553
Base management fee (Note 2)	529		515		1,581		1,547
Incentive management fees (Note 2)	3,119		2,540		8,622		8,629





Other general and administrative expenses (Note 2)	791		889		2,594		2,671
Total operating expenses	15,504		16,697		46,932		52,400
Net investment income before taxes	21,840		21,982		61,575		64,609
Income taxes, including excise tax expense	231		448		1,037		724
Net investment income after taxes	$	21,609	$	21,534	$	60,538	$	63,885


Barings Capital Investment Corporation Unaudited Consolidated Statements of Operations — (Continued) (in thousands, except share and per share data)
	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Realized gains (losses) and unrealized appreciation (depreciation) on investments, foreign currency transactions and forward currency contracts:
Net realized gains (losses):
Non-Control / Non-Affiliate investments	$	(68)	$	803	$	245	$	1,384
Affiliate investments	3		—		3		—
Benefit from (provision for) taxes	—		—		(36)		—
Net realized gains (losses) on investments	(65)		803		212		1,384
Foreign currency transactions	(124)		836		1,930		1,429
Forward currency contracts	(2,145)		(1,233)		(2,725)		(4,446)
Net realized gains (losses)	(2,334)		406		(583)		(1,633)
Net unrealized appreciation (depreciation):
Non-Control / Non-Affiliate investments	(5,928)		7,625		19,328		7,693

Affiliate investments	803		(1,026)		2,995		(5,418)

Net unrealized appreciation (depreciation) on investments	(5,125)		6,599		22,323		2,275
Foreign currency transactions	(736)		(4,861)		(11,948)		(3,399)
Forward currency contracts	5,080		(5,613)		(13,512)		3,430
Net unrealized appreciation (depreciation)	(781)		(3,875)		(3,137)		2,306
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, foreign currency transactions and forward currency contracts	(3,115)		(3,469)		(3,720)		673


Net increase in net assets resulting from operations	$	18,494	$	18,065	$	56,818	$	64,558
Net investment income per share — basic and diluted	$	0.68	$	0.71	$	1.94	$	2.15
Net increase in net assets resulting from operations per share — basic and diluted	$	0.58	$	0.60	$	1.82	$	2.17
Dividends / distributions per share:
Total dividends / distributions	$	0.64	$	0.64	$	1.92	$	1.92


Weighted average shares outstanding — basic and diluted	31,710,744		30,159,481		31,269,954		29,755,185

See accompanying notes.

Barings Capital Investment Corporation

Unaudited Consolidated Statements of Changes in Net Assets

(in thousands, except share amounts)


Three Months Ended September 30, 2025	Common Stock			Additional Paid-In Capital		Total Distributable Earnings		Total Net Assets
	Number of Shares	Par Value
Balance, June 30, 2025	31,611,409	$	31	$	686,582	$	25,447	$	712,060
Net investment income	—	—		—		21,609		21,609
Net realized loss on investments / foreign currency transactions / forward currency contracts	—	—		—		(2,334)		(2,334)
Net unrealized depreciation on investments / foreign currency transactions / forward currency contracts	—	—		—		(781)		(781)

Dividends / distributions	456,939	1		10,294		(20,231)		(9,936)

Balance, September 30, 2025	32,068,348	$	32	$	696,876	$	23,710	$	720,618


Three Months Ended September 30, 2024	Common Stock			Additional Paid-In Capital		Total Distributable Earnings		Total Net Assets
	Number of Shares	Par Value
Balance, June 30, 2024	30,073,972	$	30	$	653,469	$	25,285	$	678,784
Net investment income	—	—		—		21,534		21,534
Net realized gain on investments / foreign currency transactions / forward currency contracts	—	—		—		406		406
Net unrealized depreciation on investments / foreign currency transactions / forward currency contracts	—	—		—		(3,875)		(3,875)

Dividends / distributions	414,043	1		9,344		(19,247)		(9,902)

Balance, September 30, 2024	30,488,015	$	31	$	662,813	$	24,103	$	686,947

Barings Capital Investment Corporation

Unaudited Consolidated Statements of Changes in Net Assets — (Continued)

(in thousands, except share amounts)


Nine Months Ended September 30, 2025	Common Stock			Additional Paid-In Capital		Total Distributable Earnings		Total Net Assets
	Number of Shares	Par Value
Balance, December 31, 2024	30,736,412	$	31	$	666,803	$	26,743	$	693,577
Net investment income	—	—		—		60,538		60,538
Net realized loss on investments / foreign currency transactions / forward currency contracts	—	—		—		(583)		(583)
Net unrealized depreciation on investments / foreign currency transactions / forward currency contracts	—	—		—		(3,137)		(3,137)

Dividends / distributions	1,331,936	1		30,073		(59,851)		(29,777)

Balance, September 30, 2025	32,068,348	$	32	$	696,876	$	23,710	$	720,618


Nine Months Ended September 30, 2024	Common Stock			Additional Paid-In Capital		Total Distributable Earnings		Total Net Assets
	Number of Shares	Par Value
Balance, December 31, 2023	29,270,679	$	29	$	635,451	$	16,516	$	651,996
Net investment income	—	—		—		63,885		63,885
Net realized loss on investments / foreign currency transactions / forward currency contracts	—	—		—		(1,633)		(1,633)
Net unrealized appreciation on investments / foreign currency transactions / forward currency contracts	—	—		—		2,306		2,306

Dividends / distributions	1,217,336	2		27,362		(56,971)		(29,607)

Balance, September 30, 2024	30,488,015	$	31	$	662,813	$	24,103	$	686,947

See accompanying notes.

Barings Capital Investment Corporation

Unaudited Consolidated Statements of Cash Flows

(in thousands)


	Nine Months Ended		Nine Months Ended
	September 30, 2025		September 30, 2024
Cash flows from operating activities:
Net increase in net assets resulting from operations	$	56,818	$	64,558
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of portfolio investments	(153,734)		(153,302)
Repayments received / sales of portfolio investments	175,968		147,167


Loan origination and other fees received	2,344		2,129
Net realized (gain) loss on investments, before taxes	(248)		(1,384)
Net realized (gain) loss on foreign currency transactions	(1,930)		(1,429)
Net realized (gain) loss on forward currency contracts	2,725		4,446
Net unrealized (appreciation) depreciation of investments	(22,323)		(2,275)
Net unrealized (appreciation) depreciation of foreign currency transactions	11,948		3,399
Net unrealized (appreciation) depreciation of forward currency contracts	13,512		(3,430)

Payment-in-kind interest / dividends	(10,499)		(11,101)
Amortization of deferred financing fees	1,574		757


Accretion of loan origination and other fees	(4,387)		(4,287)
Amortization / accretion of purchased loan premium / discount	(758)		(498)
Payments for derivative contracts	(20,585)		(11,078)
Proceeds from derivative contracts	17,860		6,632
Changes in operating assets and liabilities:
Interest and fees receivable	206		3,456
Prepaid expenses and other assets	(301)		(219)
Accounts payable and accrued liabilities	(125)		(647)

Interest payable	(481)		(1,388)

Net cash provided by (used in) operating activities	67,584		41,506
Cash flows from financing activities:
Borrowings under credit facility	164,452		40,000
Repayments of credit facility	(230,222)		(50,826)

Financing fees paid	(26)		—

Cash dividends / distributions paid	(29,777)		(29,607)
Net cash provided by (used in) financing activities	(95,573)		(40,433)
Net increase (decrease) in cash and foreign currencies	(27,989)		1,073
Cash and foreign currencies, beginning of period	53,842		36,226
Cash and foreign currencies, end of period	$	25,853	$	37,299
Supplemental disclosure of cash flow information:
Cash paid for interest	$	32,670	$	39,876
Excise taxes paid during the period	$	1,904	$	881
Summary of non-cash financing transactions:

Dividends / distributions paid through DRIP share issuances	$	30,074	$	27,362

See accompanying notes.

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
Non–Control / Non–Affiliate Investments:
Debt Investments
Aerospace & Defense
Accurus Aerospace Corporation	First Lien Senior Secured Term Loan	SOFR + 5.75%, 10.2% Cash	04/22	04/28	$	9,424	$	9,352	$	9,311	1.3	%	(6)(7)(12)
Accurus Aerospace Corporation	Revolver	SOFR + 5.75%, 10.2% Cash	04/22	04/28	254		248		242		—	%	(6)(7)(12)(27)
ATL II MRO Holdings Inc.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.6% Cash	11/22	11/28	10,493		10,335		10,383		1.4	%	(6)(7)(12)
ATL II MRO Holdings Inc.	Revolver	SOFR + 5.25%, 9.6% Cash	11/22	11/28	—		(27)		(20)		—	%	(6)(7)(12)(27)
Compass Precision, LLC	Senior Subordinated Term Loan	11.0% Cash, 1.0% PIK	04/22	04/28	653		653		653		0.1	%	(6)
GB Eagle Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	12/22	11/30	10,730		10,519		10,731		1.5	%	(6)(7)(12)(27)
GB Eagle Buyer, Inc.	Revolver	SOFR + 4.50%, 8.5% Cash	12/22	11/30	651		623		651		0.1	%	(6)(7)(12)(27)
M-Personal Protection Management GMBH	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	10/24	09/31	3,525		3,207		3,525		0.5	%	(3)(6)(7)(9)
Megawatt Acquisitionco, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.7% Cash	03/24	03/30	2,064		2,032		2,013		0.3	%	(6)(7)(12)
Megawatt Acquisitionco, Inc.	Revolver	SOFR + 5.50%, 9.7% Cash	03/24	03/30	42		37		33		—	%	(6)(7)(12)(27)
Protego Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.1% Cash	03/21	03/28	382		383		382		0.1	%	(3)(6)(7)(10)
Protego Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.6% Cash	03/21	03/28	85		78		85		—	%	(3)(6)(7)(10)
Protego Bidco B.V.	Revolver	EURIBOR + 6.50%, 8.6% Cash	03/21	03/27	797		795		797		0.1	%	(3)(6)(7)(10)
SISU ACQUISITIONCO., INC.	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.4% Cash	12/20	12/26	4,916		4,893		4,719		0.7	%	(6)(7)(12)
Trident Maritime Systems, Inc.	First Lien Senior Secured Term Loan	SOFR + 1.00%, 5.1% Cash, 6.8% PIK	02/21	02/27	17,538		17,500		14,907		2.1	%	(6)(7)(12)

Whitcraft Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.0% Cash	02/23	02/29	6,180		6,019		6,118		0.8	%	(6)(7)(12)
Whitcraft Holdings, Inc.	Revolver	SOFR + 5.00%, 9.0% Cash	02/23	02/29	497		475		487		0.1	%	(6)(7)(12)(27)
Subtotal Aerospace & Defense (9.0%)*					68,231		67,122		65,017
Automotive
Burgess Point Purchaser Corporation	Second Lien Senior Secured Term Loan	SOFR + 9.00%, 13.4% Cash	07/22	07/30	2,273		2,213		2,050		0.3	%	(6)(7)(12)
OAC Holdings I Corp	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.4% Cash	03/22	03/29	1,647		1,632		1,647		0.2	%	(6)(7)(12)
OAC Holdings I Corp	Revolver	SOFR + 5.00%, 9.4% Cash	03/22	03/28	—		(6)		—		—	%	(6)(7)(12)(27)
Randys Holdings, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.2% Cash	11/22	11/29	11,989		11,815		11,977		1.7	%	(6)(7)(12)(27)
Randys Holdings, Inc.	Revolver	SOFR + 5.00%, 9.2% Cash	11/22	11/29	860		839		858		0.1	%	(6)(7)(12)(27)
SPATCO Energy Solutions, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.3% Cash	07/24	07/30	3,670		3,599		3,619		0.5	%	(6)(7)(12)(27)
SPATCO Energy Solutions, LLC	Revolver	SOFR + 5.00%, 9.3% Cash	07/24	07/30	—		(10)		(7)		—	%	(6)(7)(12)(27)
SVI International LLC	First Lien Senior Secured Term Loan	SOFR + 6.75%, 11.0% Cash	03/24	03/30	641		631		641		0.1	%	(6)(7)(12)
SVI International LLC	Revolver	SOFR + 6.75%, 11.0% Cash	03/24	03/30	—		(1)		—		—	%	(6)(7)(12)(27)
Subtotal Automotive (2.9%)*					21,080		20,712		20,785
Banking, Finance, Insurance, & Real Estate
Aegros Holdco 2 Ltd	Second Lien Senior Secured Term Loan	SONIA + 8.5%, 13.0% PIK	05/25	05/32	3,090		2,990		2,654		0.4	%	(3)(6)(14)
Apus Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 9.2% Cash	02/21	03/28	2,773		2,806		2,773		0.4	%	(3)(6)(7)(16)
Beyond Risk Management, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.8% Cash	10/21	10/27	4,865		4,831		4,865		0.7	%	(6)(7)(11)

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
Bishop Street Underwriters, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.7% Cash	07/25	07/31	$	1,425	$	1,402	$	1,401	0.2	%	(6)(7)(11)(27)
Broadstone Group UK LTD	First Lien Senior Secured Term Loan	SONIA + 4.75%, 8.7% Cash	03/25	02/32	677		617		656		0.1	%	(3)(6)(7)(16)(27)
Finaxy Holding	First Lien Senior Secured Term Loan	EURIBOR + 4.50%, 6.5% Cash	11/23	12/31	4,587		4,069		4,504		0.6	%	(3)(6)(7)(10)(27)
Groupe Guemas	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.3% Cash	10/23	09/30	2,738		2,417		2,712		0.4	%	(3)(6)(7)(10)
High Street Buyer Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	07/25	07/32	250		233		232		—	%	(6)(7)(12)(27)
IM Square	First Lien Senior Secured Term Loan	EURIBOR + 5.55%, 7.6% Cash	05/21	05/28	3,760		3,792		3,704		0.5	%	(3)(6)(7)(9)
ORS Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.0% Cash	06/25	08/31	2,489		2,453		2,455		0.3	%	(6)(7)(12)
Owl Intermediate Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 9.1% Cash	04/25	04/32	1,907		1,883		1,885		0.3	%	(6)(7)(12)(27)
Owl Intermediate Holdings, LLC	Revolver	SOFR + 4.75%, 9.1% Cash	04/25	04/32	—		(5)		(5)		—	%	(6)(7)(12)(27)
Policy Services Company, LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.6% Cash, 4.0% PIK	12/21	06/26	22,131		21,863		19,918		2.8	%	(6)(7)(12)
Premium Invest	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	06/21	12/30	2,482		2,227		2,451		0.3	%	(3)(6)(7)(9)(27)
Russell Investments US Institutional Holdco, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 7.8% Cash, 1.5% PIK	04/24	05/27	524		496		516		0.1	%	(6)(7)(12)
Shelf Bidco Ltd	Second Out Term Loan	SOFR + 5.00%, 9.3% Cash	10/24	10/31	17,140		17,062		17,066		2.4	%	(3)(6)(7)(12)
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	10/21	12/28	4,442		4,391		4,389		0.6	%	(6)(7)(12)(27)
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)	Revolver	SOFR + 4.75%, 8.9% Cash	10/21	12/28	—		(7)		(9)		—	%	(6)(7)(12)(27)
THG Acquisition, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	10/24	10/31	3,764		3,726		3,734		0.5	%	(6)(7)(11)(27)
THG Acquisition, LLC	Revolver	SOFR + 4.75%, 8.9% Cash	10/24	10/31	40		35		36		—	%	(6)(7)(11)(27)
Turbo Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.2% Cash	11/21	06/26	7,954		7,944		7,620		1.1	%	(6)(7)(12)
WEST-NR ACQUISITIONCO, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.4% Cash	08/23	12/27	1,982		1,960		1,970		0.3	%	(6)(7)(12)
Subtotal Banking, Finance, Insurance, & Real Estate (11.9%)*					89,020		87,185		85,527
Beverage, Food, & Tobacco
CTI Foods Holdings Co., LLC	First Lien Senior Secured Term Loan	SOFR + 7.86%, 12.2% Cash	04/25	03/29	6,704		6,583		6,704		0.9	%	(6)(7)(12)
CTI Foods Holdings Co., LLC	Last In First Out Term Loan	SOFR + 10.00%, 14.5% PIK	02/24	05/26	4,696		4,595		4,696		0.7	%	(6)(7)(12)
CTI Foods Holdings Co., LLC	First Out Term Loan	SOFR + 10.00%, 14.5% PIK	02/24	05/26	2,315		2,285		2,315		0.3	%	(6)(7)(12)
CTI Foods Holdings Co., LLC	First Out Term Loan	SOFR + 7.00%, 11.5% Cash	02/24	05/26	856		856		856		0.1	%	(6)(7)(12)
CTI Foods Holdings Co., LLC	Second Out Term Loan	SOFR + 9.00%, 13.5% PIK	02/24	05/26	661		661		661		0.1	%	(6)(7)(12)
Innovad Group II BV	First Lien Senior Secured Term Loan	EURIBOR + 4.75%, 6.8% Cash	04/21	04/28	4,786		4,715		4,786		0.7	%	(3)(6)(7)(9)
Innovad Group II BV	First Lien Senior Secured Term Loan	SARON + 4.75%, 4.8% Cash	05/23	04/28	761		673		761		0.1	%	(3)(6)(7)(21)
Riedel Beheer B.V.	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.3% Cash	12/21	12/28	2,437		2,271		2,215		0.3	%	(3)(6)(7)(9)
Woodland Foods, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.8% Cash	12/21	12/27	3,585		3,554		3,549		0.5	%	(6)(7)(12)
Woodland Foods, LLC	Revolver	SOFR + 5.50%, 9.8% Cash	12/21	12/27	—		(9)		(10)		—	%	(6)(7)(12)(27)
ZB Holdco LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.9% Cash	02/22	02/28	4,559		4,507		4,508		0.6	%	(6)(7)(12)
ZB Holdco LLC	Revolver	SOFR + 5.75%, 9.9% Cash	02/22	02/28	194		191		190		—	%	(6)(7)(12)(27)
Subtotal Beverage, Food, & Tobacco (4.3%)*					31,554		30,882		31,231

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
Capital Equipment
AirX Climate Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.2% Cash	11/23	11/29	$	656	$	649	$	639	0.1	%	(6)(7)(12)
AirX Climate Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 10.0% Cash	11/23	11/29	656		641		642		0.1	%	(6)(7)(12)(27)
AirX Climate Solutions, Inc.	Revolver	SOFR + 5.75%, 10.0% Cash	11/23	11/29	—		(3)		(1)		—	%	(6)(7)(12)(27)
APC1 Holding	First Lien Senior Secured Term Loan	EURIBOR + 5.40%, 7.4% Cash	07/22	07/29	2,702		2,333		2,702		0.4	%	(3)(6)(7)(9)
BPG Holdings IV Corp	First Lien Senior Secured Term Loan	SOFR + 2.00%, 6.0% Cash, 5.0% PIK	03/23	07/29	9,455		9,071		7,800		1.1	%	(6)(7)(12)
Cobham Slip Rings SAS	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.3% Cash	11/21	11/28	1,995		1,975		1,977		0.3	%	(3)(6)(7)(12)
DAWGS Intermediate Holdings Co.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	03/25	03/31	1,838		1,821		1,823		0.3	%	(6)(7)(12)
DAWGS Intermediate Holdings Co.	Revolver	SOFR + 4.50%, 8.5% Cash	03/25	03/31	70		64		65		—	%	(6)(7)(12)(27)
Polara Enterprises, L.L.C.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	12/21	12/27	1,618		1,604		1,618		0.2	%	(6)(7)(11)
Polara Enterprises, L.L.C.	Revolver	SOFR + 4.75%, 8.9% Cash	12/21	12/27	253		248		253		—	%	(6)(7)(11)(27)
Process Insights Acquisition, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.4% Cash	07/23	07/29	3,802		3,740		3,429		0.5	%	(6)(7)(12)
Process Insights Acquisition, Inc.	Revolver	SOFR + 6.25%, 10.4% Cash	07/23	07/29	676		665		610		0.1	%	(6)(7)(12)
Rapid Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 9.1% Cash	10/24	10/30	3,234		3,182		3,114		0.4	%	(6)(7)(12)(27)
Rapid Buyer LLC	Revolver	SOFR + 4.75%, 9.1% Cash	10/24	10/30	—		(9)		(21)		—	%	(6)(7)(12)(27)
TAPCO Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	11/24	11/30	4,372		4,317		4,318		0.6	%	(6)(7)(11)
TAPCO Buyer LLC	Revolver	SOFR + 4.75%, 8.9% Cash	11/24	11/30	—		(6)		(7)		—	%	(6)(7)(11)(27)
Tencarva Machinery Company, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	12/21	12/27	4,091		4,062		4,045		0.6	%	(6)(7)(12)
Tencarva Machinery Company, LLC	Revolver	SOFR + 4.75%, 8.9% Cash	12/21	12/27	—		(5)		(9)		—	%	(6)(7)(12)(27)
Subtotal Capital Equipment (4.6%)*					35,418		34,349		32,997
Chemicals, Plastics, & Rubber
Americo Chemical Products, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.2% Cash	04/23	04/29	1,707		1,679		1,688		0.2	%	(6)(7)(11)
Americo Chemical Products, LLC	Revolver	SOFR + 5.00%, 9.2% Cash	04/23	04/29	—		(7)		(5)		—	%	(6)(7)(11)(27)
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	BBSY + 5.08%, 8.7% Cash	11/21	10/28	854		919		848		0.1	%	(3)(6)(7)(18)
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.08%, 7.1% Cash	11/21	10/28	8,761		8,108		8,700		1.2	%	(3)(6)(7)(9)
AnalytiChem Holding GmbH	First Lien Senior Secured Term Loan	SOFR + 5.08%, 9.7% Cash	11/21	10/28	1,090		1,090		1,082		0.2	%	(3)(6)(7)(12)
Aptus 1829. GmbH	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	09/21	09/27	2,539		2,457		2,371		0.3	%	(3)(6)(7)(10)
Subtotal Chemicals, Plastics, & Rubber (2.0%)*					14,951		14,246		14,684
Construction & Building
BKF Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.2% Cash	08/24	08/30	3,417		3,372		3,374		0.5	%	(6)(7)(11)
BKF Buyer, Inc.	Revolver	SOFR + 5.00%, 9.2% Cash	08/24	08/30	—		(16)		(16)		—	%	(6)(7)(11)(27)
EMI Porta Holdco LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.9% Cash	12/21	12/27	7,694		7,629		7,110		1.0	%	(6)(7)(12)
EMI Porta Holdco LLC	Revolver	SOFR + 5.75%, 9.9% Cash	12/21	12/27	331		321		234		—	%	(6)(7)(11)(27)
GMES LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.4% Cash	09/25	09/31	1,932		1,904		1,904		0.3	%	(6)(7)(12)(27)
GMES LLC	Revolver	SOFR + 5.25%, 9.4% Cash	09/25	09/31	—		(3)		(3)		—	%	(6)(7)(12)(27)
Lockmasters Security Intermediate, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.3% Cash	05/25	09/27	1,904		1,888		1,889		0.3	%	(6)(7)(12)(27)

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
Lockmasters Security Intermediate, Inc.	Revolver	SOFR + 4.50%, 8.8% Cash	05/25	09/27	$	—	$	(1)	$	(1)	—	%	(6)(7)(11)(27)
MNS Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.3% Cash	08/21	08/27	348		345		348		—	%	(6)(7)(11)
Ocelot Holdco LLC	Takeback Term Loan	10.0% Cash	10/23	10/27	513		513		513		0.1	%	(6)(7)
Subtotal Construction & Building (2.1%)*					16,139		15,952		15,352
Consumer goods: Durable
DecksDirect, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.6% Cash, 0.3% PIK	12/21	12/28	1,511		1,498		1,070		0.1	%	(6)(7)(12)
DecksDirect, LLC	Revolver	SOFR + 6.50%, 10.8% Cash	12/21	12/28	97		95		(14)		—	%	(6)(7)(12)(27)
Gojo Industries, Inc.	First Lien Senior Secured Term Loan	SOFR + 8.75%, 12.9% Cash	10/23	10/28	2,320		2,273		2,320		0.3	%	(6)(7)(11)
HTI Technology & Industries	First Lien Senior Secured Term Loan	SOFR + 8.50%, 12.9% Cash	07/22	01/26	5,545		5,535		5,171		0.7	%	(6)(7)(12)(27)
HTI Technology & Industries	Revolver	SOFR + 8.50%, 12.9% Cash	07/22	01/26	—		(1)		(39)		—	%	(6)(7)(12)(27)
Momentum Textiles, LLC	First Lien Senior Secured Term Loan	SOFR + 5.50%, 9.5% Cash	03/25	03/29	2,209		2,190		2,192		0.3	%	(6)(7)(12)
Momentum Textiles, LLC	Revolver	SOFR + 5.50%, 9.5% Cash	03/25	03/29	—		(2)		(2)		—	%	(6)(7)(12)(27)
Renovation Parent Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.3% Cash	11/21	11/27	7,410		7,340		7,039		1.0	%	(6)(7)(12)
Team Air Distributing, LLC	Subordinated Term Loan	14.0% Cash	05/23	05/28	752		741		741		0.1	%	(6)
Terrybear, Inc.	Subordinated Term Loan	10.0% Cash, 4.0% PIK	04/22	04/28	291		289		265		—	%	(6)
Victoria Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 6.50%, 10.7% Cash	03/22	09/30	8,688		8,491		8,315		1.2	%	(3)(6)(7)(16)
Subtotal Consumer goods: Durable (3.8%)*					28,823		28,449		27,058
Consumer goods: Non-durable
Bidwax	First Lien Senior Secured Term Loan	EURIBOR + 6.40%, 8.3% Cash	02/21	02/28	2,468		2,451		2,458		0.3	%	(3)(6)(7)(10)
CCFF Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.1% Cash	02/24	02/30	3,412		3,347		3,372		0.5	%	(6)(7)(13)(27)
CCFF Buyer, LLC	Revolver	SOFR + 5.00%, 9.1% Cash	02/24	02/30	—		(9)		(6)		—	%	(6)(7)(13)(27)
David Wood Baking UK Ltd	Second Lien Senior Secured Term Loan	SONIA + 10.00%, 14.2% Cash	04/24	04/29	926		857		871		0.1	%	(3)(6)(7)(16)
Herbalife Ltd.	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.9% Cash	04/24	04/29	3,205		3,031		3,252		0.5	%	(3)(7)(11)
Ice House America, L.L.C.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.8% Cash	01/24	01/30	2,140		2,107		2,065		0.3	%	(6)(7)(12)
Ice House America, L.L.C.	Revolver	SOFR + 5.75%, 9.8% Cash	01/24	01/30	194		190		186		—	%	(6)(7)(12)(27)
Modern Star Holdings Bidco Pty Limited	First Lien Senior Secured Term Loan	BBSY + 6.00%, 9.6% Cash	12/20	12/26	2,049		2,221		2,049		0.3	%	(3)(6)(7)(17)(27)
Safety Products Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	12/20	12/28	6,261		6,235		6,261		0.9	%	(6)(7)(12)
Subtotal Consumer goods: Non-durable (2.8%)*					20,655		20,430		20,508
Containers, Packaging, & Glass
Diversified Packaging Holdings LLC	Second Lien Senior Secured Term Loan	11.0% Cash, 1.5% PIK	06/24	06/29	815		802		802		0.1	%	(6)(7)
Five Star Holding LLC	Second Lien Senior Secured Term Loan	SOFR + 7.25%, 11.4% Cash	05/22	05/30	7,143		7,050		7,143		1.0	%	(6)(7)(12)
Media Recovery, Inc. (SpotSee)	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	09/24	09/30	1,209		1,196		1,197		0.2	%	(6)(7)(12)
Media Recovery, Inc. (SpotSee)	First Lien Senior Secured Term Loan	SONIA + 4.50%, 8.6% Cash	09/24	09/30	2,523		2,487		2,498		0.3	%	(6)(7)(14)
Media Recovery, Inc. (SpotSee)	Revolver	SOFR + 4.50%, 8.5% Cash	09/24	09/30	28		23		23		—	%	(6)(7)(12)(27)
Media Recovery, Inc. (SpotSee)	Revolver	SONIA + 4.50%, 8.6% Cash	09/24	09/30	—		(5)		(5)		—	%	(6)(7)(14)(27)
MSI Express Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	03/25	03/31	1,458		1,437		1,444		0.2	%	(6)(7)(12)(27)

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
MSI Express Inc.	Revolver	SOFR + 3.75%, 7.8% Cash	03/25	03/31	$	394	$	386	$	387	0.1	%	(6)(7)(12)(27)
OG III B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.6% Cash	06/21	06/28	7,279		7,298		7,068		1.0	%	(3)(6)(7)(9)
Tank Holding Corp	First Lien Senior Secured Term Loan	SOFR + 5.75%, 10.0% Cash	03/22	03/28	7,107		7,029		7,036		1.0	%	(6)(7)(11)
Tank Holding Corp	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.3% Cash	05/23	03/28	2,011		1,976		1,997		0.3	%	(6)(7)(11)
Tank Holding Corp	Revolver	SOFR + 5.75%, 10.0% Cash	03/22	03/28	—		(6)		(7)		—	%	(6)(7)(11)(27)
Subtotal Containers, Packaging, & Glass (4.1%)*					29,967		29,673		29,583
Energy: Electricity
WWEC Holdings III Corp	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.0% Cash	10/22	10/28	6,386		6,284		6,348		0.9	%	(6)(7)(12)
WWEC Holdings III Corp	Revolver	SOFR + 5.00%, 9.0% Cash	10/22	10/28	—		(9)		(6)		—	%	(6)(7)(12)(27)
Subtotal Energy: Electricity (0.9%)*					6,386		6,275		6,342
Environmental Industries
Bridger Aerospace Group Holdings, LLC	Municipal Revenue Bond	11.5% Cash	07/22	09/27	13,600		13,600		14,007		1.9	%
Entact Environmental Services, Inc.	First Lien Senior Secured Term Loan	SOFR + 5.75%, 9.8% Cash	02/21	01/27	3,885		3,883		3,866		0.5	%	(6)(7)(12)
Northstar Recycling, LLC	First Lien Senior Secured Term Loan	SOFR + 4.65%, 8.7% Cash	12/24	12/30	4,269		4,223		4,226		0.6	%	(6)(7)(12)
Northstar Recycling, LLC	Revolver	SOFR + 4.65%, 8.7% Cash	12/24	12/30	—		(7)		(7)		—	%	(6)(7)(12)(27)
Subtotal Environmental Industries (3.1%)*					21,754		21,699		22,092
Healthcare & Pharmaceuticals
A.T. Holdings II LTD	First Lien Senior Secured Term Loan	6.7% Cash, 7.6% PIK	11/22	09/29	8,245		7,125		4,683		0.6	%	(3)(6)(28)
Aldinger Company	Second Lien Senior Secured Term Loan	13.5% PIK	04/25	06/31	2,706		2,654		2,706		0.7	%	(6)
Amalfi Midco	Second Lien Senior Secured Term Loan	15.5% Cash	09/22	10/28	168		162		174		—	%	(3)(6)
Amalfi Midco	Subordinated Loan Notes	2.0% Cash, 9.0% PIK	09/22	09/28	3,339		2,848		3,206		0.4	%	(3)(6)
Astra Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.5% Cash	11/21	11/28	350		318		350		—	%	(3)(6)(7)(9)
Astra Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.75%, 10.0% Cash	11/21	11/28	2,040		1,977		2,040		0.3	%	(3)(6)(7)(16)
Avance Clinical Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 4.50%, 8.1% Cash	11/21	11/27	1,203		1,264		1,203		0.2	%	(3)(6)(7)(18)(27)
Canadian Orthodontic Partners Corp.	First Lien Senior Secured Term Loan	CORRA + 7.00%, 10.3% PIK	06/21	12/26	1,573		1,782		219		—	%	(3)(6)(7)(19)(25)
Canadian Orthodontic Partners Corp.	Super Senior Secured Term Loan	15.0% PIK	04/24	12/26	89		87		257		—	%	(3)(6)(27)
Ceres Pharma NV	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 8.1% Cash	10/21	10/28	3,211		3,012		3,154		0.4	%	(3)(6)(7)(10)
Ceres Pharma NV	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 8.6% Cash	10/21	10/28	2,792		2,493		2,778		0.4	%	(3)(6)(7)(10)
Coherus Biosciences, Inc.	First Lien Senior Secured Term Loan	SOFR + 8.00%, 12.0% Cash	05/24	05/29	1,995		1,944		1,982		0.3	%	(6)(7)(12)
EB Development	First Lien Senior Secured Term Loan	EURIBOR + 5.50%, 7.5% Cash	11/24	11/31	2,068		1,790		2,014		0.3	%	(3)(6)(7)(9)(27)
Faraday	First Lien Senior Secured Term Loan	EURIBOR + 5.85%, 7.9% Cash	01/23	01/29	1,790		1,624		1,784		0.2	%	(3)(6)(7)(9)
Finexvet	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.0% Cash, 3.3% PIK	03/22	03/29	5,316		4,888		4,907		0.7	%	(3)(6)(7)(10)
Forest Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.0% Cash	03/24	03/30	6,092		6,017		6,031		0.8	%	(6)(7)(12)
Forest Buyer, LLC	Revolver	SOFR + 5.00%, 9.0% Cash	03/24	03/30	—		(6)		(3)		—	%	(6)(7)(12)(27)
GCDL LLC	First Lien Senior Secured Term Loan	SOFR + 6.00%, 10.0% Cash	08/24	08/30	509		502		503		0.1	%	(6)(7)(12)(27)
GCDL LLC	Revolver	SOFR + 6.00%, 10.0% Cash	08/24	08/30	—		(1)		(1)		—	%	(6)(7)(12)(27)

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
GenesisCare	First Lien Senior Secured Term Loan	BBSY + 4.75%, 8.3% Cash	08/25	08/31	$	677	$	633	$	652	0.1	%	(3)(6)(7)(18)(27)
GPNZ II GmbH	First Lien Senior Secured Term Loan	10.0% PIK	06/22	06/29	391		365		214		—	%	(3)(6)(27)
GPNZ II GmbH	First Lien Senior Secured Term Loan	10.0% PIK	11/24	02/30	101		92		62		—	%	(3)(6)
GPNZ II GmbH	First Lien Senior Secured Term Loan	EURIBOR + 6.00%, 9.9% PIK	06/22	06/29	506		444		—		—	%	(3)(6)(7)(8)(25)
Groupe Product Life	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.5% Cash	10/22	10/29	1,152		1,103		1,131		0.2	%	(3)(6)(7)(9)(27)
HeartHealth Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.25%, 8.9% Cash	09/22	09/28	806		770		700		0.1	%	(3)(6)(7)(18)(27)
Heartland Veterinary Partners, LLC	Subordinated Term Loan	11.0% PIK	11/21	12/28	5,433		5,392		5,064		0.7	%	(6)
HemaSource, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	08/23	08/29	3,349		3,289		3,349		0.5	%	(6)(7)(11)
HemaSource, Inc.	Revolver	SOFR + 4.75%, 8.9% Cash	08/23	08/29	—		(15)		—		—	%	(6)(7)(11)(27)
Home Care Assistance, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.4% Cash, 1.0% PIK	03/21	09/27	4,488		4,397		3,847		0.5	%	(6)(7)(12)
Jon Bidco Limited	First Lien Senior Secured Term Loan	BKBM + 4.25%, 7.1% Cash	07/25	03/27	2,110		2,464		2,085		0.3	%	(3)(6)(7)(20)(27)
Keystone Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	08/24	08/31	932		861		918		0.1	%	(3)(6)(7)(10)(27)
Keystone Bidco B.V.	Revolver	EURIBOR + 5.25%, 7.3% Cash	08/24	05/31	11		8		10		—	%	(3)(6)(7)(10)(27)
Lambir Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 6.25%, 8.3% Cash	12/21	12/28	4,412		4,133		4,150		0.6	%	(3)(6)(7)(10)(27)
Lambir Bidco Limited	Second Lien Senior Secured Term Loan	12.0% PIK	12/21	06/29	1,568		1,470		1,407		0.2	%	(3)(6)
Median B.V.	First Lien Senior Secured Term Loan	SONIA + 5.93%, 10.0% Cash	02/22	10/27	4,173		4,142		4,090		0.6	%	(3)(7)(15)
Moonlight Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.25%, 9.2% Cash	07/23	07/30	2,000		1,891		2,000		0.3	%	(3)(6)(7)(15)(27)
Napa Bidco Pty Ltd	First Lien Senior Secured Term Loan	BBSY + 5.00%, 8.6% Cash	03/22	03/28	6,915		7,418		6,915		1.0	%	(3)(6)(7)(18)
Navia Benefit Solutions, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.8% Cash	05/21	02/29	14,750		14,683		14,750		2.0	%	(6)(7)(11)
NPM Investments 28 B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.18%, 7.2% Cash	09/22	10/29	2,139		1,748		2,139		0.3	%	(3)(6)(7)(9)(27)
Ocular Therapeutix, Inc.	First Lien Senior Secured Term Loan	SOFR + 6.75%, 10.9% Cash	08/23	07/29	1,965		1,922		2,419		0.3	%	(3)(6)(7)(11)
Oracle Vision Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 5.00%, 9.2% Cash	06/21	06/28	1,428		1,476		1,370		0.2	%	(3)(6)(7)(16)
Parkview Dental Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 8.25%, 12.5% Cash	10/23	10/29	23		23		23		—	%	(6)(7)(11)
Parkview Dental Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 8.30%, 12.6% Cash	10/23	10/29	476		469		475		0.1	%	(6)(7)(11)
Sanoptis S.A.R.L.	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.3% Cash	06/22	07/29	2,640		2,277		2,556		0.4	%	(3)(6)(7)(10)(27)
Sanoptis S.A.R.L.	First Lien Senior Secured Term Loan	SARON + 5.00%, 5.0% Cash	06/22	07/29	1,278		1,098		1,258		0.2	%	(3)(6)(7)(22)
SCP Medical Products, LLC.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.8% Cash	06/25	06/31	2,270		2,242		2,244		0.3	%	(6)(7)(12)
SCP Medical Products, LLC.	Revolver	SOFR + 4.75%, 8.8% Cash	06/25	06/31	—		(3)		(2)		—	%	(6)(7)(12)(27)
SSCP Pegasus Midco Limited	First Lien Senior Secured Term Loan	SONIA + 6.00%, 10.1% Cash	12/20	11/27	2,086		1,975		2,086		0.3	%	(3)(6)(7)(15)
SSCP Spring Bidco 3 Limited	First Lien Senior Secured Term Loan	SONIA + 6.45%, 10.6% Cash	11/23	08/30	1,031		938		1,019		0.1	%	(3)(6)(7)(16)
Swoop Intermediate III, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.8% Cash	04/25	04/32	1,288		1,280		1,288		0.2	%	(6)(7)(11)(27)
Swoop Intermediate III, Inc.	Revolver	SOFR + 4.50%, 8.8% Cash	04/25	04/32	—		(1)		—		—	%	(6)(7)(11)(27)
TA KHP Aggregator, L.P.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	06/25	06/32	688		675		675		0.1	%	(6)(7)(12)(27)
TA KHP Aggregator, L.P.	Revolver	SOFR + 4.50%, 8.5% Cash	06/25	06/32	—		(3)		(3)		—	%	(6)(12)(27)
TA KHP Aggregator, L.P.	Subordinated Term Loan	12.5% Cash	06/25	12/32	748		739		741		0.1	%	(6)

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
Union Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 4.30%, 9.0% Cash	06/22	06/29	$	1,068	$	957	$	1,048	0.1	%	(3)(6)(7)(16)(27)
Unither (Uniholding)	First Lien Senior Secured Term Loan	EURIBOR + 4.45%, 6.5% Cash	03/23	03/30	2,227		1,973		2,227		0.3	%	(3)(6)(7)(9)(27)
Unosquare, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.9% Cash	06/25	06/31	1,466		1,436		1,437		0.2	%	(6)(7)(11)(27)
Unosquare, LLC	Revolver	SOFR + 4.75%, 8.9% Cash	06/25	06/31	—		(5)		(4)		—	%	(6)(7)(11)(27)
VB Spine Intermediary II LLC	First Lien Senior Secured Term Loan	SOFR + 8.50%, 12.5% Cash	03/25	04/30	13,719		13,219		13,226		1.8	%	(6)(7)(12)
Subtotal Healthcare & Pharmaceuticals (17.4%)*					133,800		128,455		125,553
High Tech Industries
Argus Bidco Limited	First Lien Senior Secured Term Loan	EURIBOR + 4.00%, 6.1% Cash, 3.2% PIK	07/22	07/29	1,102		963		1,016		0.1	%	(3)(6)(7)(10)
Argus Bidco Limited	First Lien Senior Secured Term Loan	SOFR + 4.00%, 8.1% Cash, 3.2% PIK	07/22	07/29	69		68		64		—	%	(3)(6)(7)(13)
Argus Bidco Limited	First Lien Senior Secured Term Loan	SONIA + 4.00%, 8.0% Cash, 3.2% PIK	07/22	07/29	954		833		879		0.1	%	(3)(6)(7)(16)
Argus Bidco Limited	Second Lien Senior Secured Term Loan	10.5% PIK	07/22	07/29	509		456		457		0.1	%	(3)(6)
CH Buyer, LLC	First Lien Senior Secured Term Loan	SOFR + 6.25%, 10.5% Cash	05/25	05/31	875		860		861		0.1	%	(6)(7)(12)
CH Buyer, LLC	Revolver	SOFR + 6.25%, 10.5% Cash	05/25	05/31	—		(1)		(1)		—	%	(6)(7)(12)(27)
Contabo Finco S.À R.L	First Lien Senior Secured Term Loan	EURIBOR + 5.15%, 7.2% Cash	10/22	10/29	1,094		914		1,094		0.2	%	(3)(6)(7)(9)
CW Group Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	01/21	01/27	7,739		7,695		7,739		1.1	%	(6)(7)(12)
Discovery Buyer, L.P.	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.2% Cash	02/25	02/32	4,360		4,284		4,292		0.6	%	(6)(7)(12)(27)
Discovery Buyer, L.P.	Revolver	SOFR + 5.00%, 9.2% Cash	02/25	02/32	—		(7)		(6)		—	%	(6)(7)(12)(27)
Durare Bidco, LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 9.0% Cash	08/25	08/32	1,638		1,617		1,617		0.2	%	(6)(7)(12)(27)
Durare Bidco, LLC	Revolver	SOFR + 4.75%, 9.0% Cash	08/25	08/32	—		(4)		(4)		—	%	(6)(7)(12)(27)
Dwyer Instruments, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.8% Cash	07/21	07/29	11,129		11,042		11,129		1.5	%	(6)(7)(12)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	EURIBOR + 7.00%, 9.4% PIK	12/22	12/29	1,247		1,036		411		0.1	%	(3)(6)(7)(10)(25)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	SOFR + 7.00%, 12.4% PIK	12/22	12/29	602		553		199		—	%	(3)(6)(7)(12)(25)
Eurofins Digital Testing International LUX Holding SARL	First Lien Senior Secured Term Loan	SONIA + 7.00%, 12.4% PIK	12/22	12/29	1,894		1,598		625		0.1	%	(3)(6)(7)(16)(25)
Eurofins Digital Testing International LUX Holding SARL	Senior Subordinated Term Loan	11.5% PIK	12/22	12/30	580		427		—		—	%	(3)(6)(25)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	8.0% PIK	04/25	04/32	160		147		158		—	%	(3)(6)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	CORRA + 5.00%, 7.8% Cash	04/25	04/32	287		286		286		—	%	(3)(6)(7)(19)
EZ SMBO Bidco	First Lien Senior Secured Term Loan	EURIBOR + 5.00%, 7.0% Cash	04/25	04/32	423		385		419		0.1	%	(3)(6)(7)(10)(27)
FSS Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.7% Cash	04/25	08/31	6,775		6,775		6,775		0.9	%	(6)(7)(11)
Haystack Holdings LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 9.1% Cash	01/25	01/28	2,876		2,835		2,871		0.4	%	(6)(7)(13)(27)
Haystack Holdings LLC	Revolver	SOFR + 4.75%, 9.1% Cash	01/25	01/28	—		(4)		—		—	%	(6)(7)(13)(27)
NAW Buyer LLC	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.8% Cash	09/23	09/29	3,102		3,022		3,102		0.4	%	(6)(7)(12)(27)
NAW Buyer LLC	Revolver	SOFR + 4.75%, 8.8% Cash	09/23	09/29	—		(6)		—		—	%	(6)(7)(12)(27)

Barings Capital Investment Corporation

Unaudited Consolidated Schedule of Investments — (Continued)

September 30, 2025

(Amounts in thousands, except unit/share amounts)


Portfolio Company(5)	Investment Type(1)(2)	Interest	Acq. Date	Maturity Date	Principal Amount		Cost		Fair Value		% of Net Assets *		Notes
NeoxCo	First Lien Senior Secured Term Loan	EURIBOR + 6.50%, 9.1% Cash	01/23	01/30	$	2,809	$	2,532	$	2,809	0.4	%	(3)(6)(7)(10)
Next Holdco, LLC	First Lien Senior Secured Term Loan	SOFR + 5.25%, 9.5% Cash	11/23	11/30	2,221		2,210		2,207		0.3	%	(6)(7)(12)(27)
Next Holdco, LLC	Revolver	SOFR + 5.25%, 9.5% Cash	11/23	11/29	—		(1)		—		—	%	(6)(7)(12)(27)
ORTEC INTERNATIONAL NEWCO B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.25%, 7.3% Cash	12/23	12/30	1,074		978		1,074		0.1	%	(3)(6)(7)(9)
OSP Hamilton Purchaser, LLC	First Lien Senior Secured Term Loan	SOFR + 5.00%, 9.3% Cash	12/21	12/29	6,750		6,686		6,689		0.9	%	(6)(7)(12)
OSP Hamilton Purchaser, LLC	Revolver	SOFR + 5.00%, 9.3% Cash	12/21	12/29	218		212		213		—	%	(6)(7)(12)(27)
PDQ.Com Corporation	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	08/21	08/27	12,421		12,317		12,421		1.7	%	(6)(7)(12)
PowerGEM Buyer, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.7% Cash	11/24	11/31	2,762		2,762		2,762		0.4	%	(6)(7)(12)
ProfitOptics, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 10.0% Cash	03/22	03/28	640		634		640		0.1	%	(6)(7)(11)
ProfitOptics, LLC	Revolver	SOFR + 5.75%, 10.0% Cash	03/22	03/28	39		37		39		—	%	(6)(7)(11)(27)
ProfitOptics, LLC	Senior Subordinated Term Loan	8.0% Cash	03/22	03/29	32		32		31		—	%	(6)
Pro-Vision Solutions Holdings, LLC	First Lien Senior Secured Term Loan	SOFR + 4.50%, 8.5% Cash	09/24	09/30	7,677		7,581		7,601		1.1	%	(6)(7)(11)
Pro-Vision Solutions Holdings, LLC	Revolver	SOFR + 4.50%, 8.5% Cash	09/24	09/30	144		120		124		—	%	(6)(7)(11)(27)
PSP Intermediate 4, LLC	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	05/22	05/29	960		852		949		0.1	%	(3)(6)(7)(9)
PSP Intermediate 4, LLC	First Lien Senior Secured Term Loan	SOFR + 5.75%, 10.3% Cash	05/22	05/29	1,411		1,397		1,394		0.2	%	(3)(6)(7)(12)
Saab Purchaser, Inc.	First Lien Senior Secured Term Loan	SOFR + 4.75%, 8.8% Cash	11/24	11/31	9,007		8,926		8,917		1.2	%	(6)(7)(12)
Saab Purchaser, Inc.	Revolver	SOFR + 4.75%, 8.8% Cash	11/24	11/31	—		(8)		(10)		—	%	(6)(7)(12)(27)
Scout Bidco B.V.	First Lien Senior Secured Term Loan	EURIBOR + 5.75%, 7.8% Cash	05/22

Barings Capital Investment Corp 10-Q