false2025Q30001901606September 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Aero Buyer, Inc., One stop 12025-06-300001901606PPW Aero Buyer, Inc., One stop 22025-06-300001901606PPW Aero Buyer, Inc., One stop 32025-06-300001901606PPW Aero Buyer, Inc., One stop 42025-06-300001901606PPW Aero Buyer, Inc., One stop 52025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:AerospaceDefenseSectorMember2025-06-300001901606RJW Group Holdings, Inc., One stop 12025-06-300001901606RJW Group Holdings, Inc., One stop 22025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:AirFreightLogisticsSectorMember2025-06-300001901606Arnott, LLC, One stop 12025-06-300001901606Arnott, LLC, One stop 22025-06-300001901606Collision SP Subco, LLC, One stop 12025-06-300001901606Collision SP Subco, LLC, One stop 22025-06-300001901606Collision SP Subco, LLC, One stop 32025-06-300001901606Collision SP Subco, LLC, One stop 42025-06-300001901606Collision SP Subco, LLC, One stop 52025-06-300001901606OEConnection, LLC, One stop 12025-06-300001901606OEConnection, LLC, One stop 22025-06-300001901606OEConnection, LLC, One stop 32025-06-300001901606OEConnection, LLC, One stop 42025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:AutoComponentsSectorMember2025-06-300001901606CAP-KSI Holdings, LLC, One stop 12025-06-300001901606CAP-KSI Holdings, LLC, One stop 22025-06-300001901606National Express Wash Parent Holdco, LLC, One stop 12025-06-300001901606National Express Wash Parent Holdco, LLC, One stop 22025-06-300001901606National Express Wash Parent Holdco, LLC, One stop 32025-06-300001901606National Express Wash Parent Holdco, LLC, One stop 42025-06-300001901606Quick Quack Car Wash Holdings, LLC, One stop 12025-06-300001901606Quick Quack Car Wash Holdings, LLC, One stop 22025-06-300001901606Quick Quack Car Wash Holdings, LLC, One stop 32025-06-300001901606Quick Quack Car Wash Holdings, LLC, One stop 42025-06-300001901606Yorkshire Parent, Inc., One stop 12025-06-300001901606Yorkshire Parent, Inc., One stop 22025-06-300001901606Yorkshire Parent, Inc., One stop 32025-06-300001901606Yorkshire Parent, Inc., One stop 42025-06-300001901606Yorkshire Parent, Inc., One stop 52025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:AutomobilesSectorMember2025-06-300001901606Empyrean Solutions, LLC, One stop 12025-06-300001901606Empyrean Solutions, LLC, One stop 22025-06-300001901606Empyrean Solutions, LLC, One stop 32025-06-300001901606OSP Hamilton Purchaser, LLC, One stop 12025-06-300001901606OSP Hamilton Purchaser, LLC, One stop 22025-06-300001901606OSP Hamilton Purchaser, LLC, One stop 32025-06-300001901606OSP Hamilton Purchaser, LLC, One stop 42025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:BanksSectorMember2025-06-300001901606Financial Information Technologies, LLC, One stop 12025-06-300001901606Financial Information Technologies, LLC, One stop 22025-06-300001901606Financial Information Technologies, LLC, One stop 32025-06-300001901606Financial Information Technologies, LLC, One stop 42025-06-300001901606Financial Information Technologies, LLC, One stop 52025-06-300001901606Spindrift Beverage Co. Inc., One stop 12025-06-300001901606Spindrift Beverage Co. Inc., One stop 22025-06-300001901606Spindrift Beverage Co. Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:BeveragesSectorMember2025-06-300001901606BlueMatrix Holdings, LLC, One stop 12025-06-300001901606BlueMatrix Holdings, LLC, One stop 22025-06-300001901606BlueMatrix Holdings, LLC, One stop 32025-06-300001901606BlueMatrix Holdings, LLC, One stop 42025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:CapitalMarketsSectorMember2025-06-300001901606AP Adhesives Holdings, LLC, One stop 12025-06-300001901606AP Adhesives Holdings, LLC, One stop 22025-06-300001901606AP Adhesives Holdings, LLC, One stop 32025-06-300001901606Krayden Holdings, Inc., Senior secured 12025-06-300001901606Krayden Holdings, Inc., Senior secured 22025-06-300001901606Krayden Holdings, Inc., Senior secured 32025-06-300001901606us-gaap:DebtSecuritiesMemberus-gaap:ChemicalsSectorMember2025-06-300001901606BradyIFS Holdings, LLC, One stop 12025-06-300001901606BradyIFS Holdings, LLC, One stop 22025-06-300001901606CHA Vision Holdings, Inc., One stop 12025-06-300001901606CHA Vision Holdings, Inc., One stop 22025-06-300001901606CHA Vision Holdings, Inc., One stop 32025-06-300001901606Kleinfelder Intermediate, LLC, One stop 12025-06-300001901606Kleinfelder Intermediate, LLC, One stop 22025-06-300001901606Kleinfelder Intermediate, LLC, One stop 32025-06-300001901606PSC Parent, Inc., One stop 12025-06-300001901606PSC Parent, Inc., One stop 22025-06-300001901606PSC Parent, Inc., One stop 32025-06-300001901606PSC Parent, Inc., One stop 42025-06-300001901606WRE Holding Corp., One stop 12025-06-300001901606WRE Holding Corp., One stop 22025-06-300001901606WRE Holding Corp., One stop 32025-06-300001901606WRE Holding Corp., One stop 42025-06-300001901606WRE Holding Corp., One stop 52025-06-300001901606WRE Holding Corp., One stop 62025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:CommercialServicesSuppliesSectorMember2025-06-300001901606Consor Intermediate II, LLC, One stop 12025-06-300001901606Consor Intermediate II, LLC, One stop 22025-06-300001901606Consor Intermediate II, LLC, One stop 32025-06-300001901606DCCM, LLC, One stop 12025-06-300001901606DCCM, LLC, One stop 22025-06-300001901606DCCM, LLC, One stop 32025-06-300001901606Royal Holdco Corporation, One stop 12025-06-300001901606Royal Holdco Corporation, One stop 22025-06-300001901606Royal Holdco Corporation, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:ConstructionEngineeringSectorMember2025-06-300001901606Any Hour, LLC, One stop 12025-06-300001901606Any Hour, LLC, One stop 22025-06-300001901606Any Hour, LLC, One stop 32025-06-300001901606Any Hour, LLC, One stop 42025-06-300001901606Apex Service Partners, LLC, One stop 12025-06-300001901606Apex Service Partners, LLC, One stop 22025-06-300001901606Apex Service Partners, LLC, One stop 32025-06-300001901606Apex Service Partners, LLC, One stop 42025-06-300001901606Apex Service Partners, LLC, One stop 52025-06-300001901606Apex Service Partners, LLC, One stop 62025-06-300001901606CHVAC Services Investment, LLC, One stop 12025-06-300001901606CHVAC Services Investment, LLC, One stop 22025-06-300001901606CHVAC Services Investment, LLC, One stop 32025-06-300001901606CHVAC Services Investment, LLC, One stop 42025-06-300001901606Entomo Brands Acquisitions, Inc., Senior secured 12025-06-300001901606Entomo Brands Acquisitions, Inc., Senior secured 22025-06-300001901606Entomo Brands Acquisitions, Inc., Senior secured 32025-06-300001901606HS Spa Holdings, Inc., One stop 12025-06-300001901606HS Spa Holdings, Inc., One stop 22025-06-300001901606HS Spa Holdings, Inc., One stop 32025-06-300001901606Litera Bidco, LLC, One stop 12025-06-300001901606Litera Bidco, LLC, One stop 22025-06-300001901606Litera Bidco, LLC, One stop 32025-06-300001901606Litera Bidco, LLC, One stop 42025-06-300001901606NSG Buyer, Inc., One stop 12025-06-300001901606NSG Buyer, Inc., One stop 22025-06-300001901606NSG Buyer, Inc., One stop 32025-06-300001901606NSG Buyer, Inc., One stop 42025-06-300001901606Severin Acquisition, LLC, One stop 12025-06-300001901606Severin Acquisition, LLC, One stop 22025-06-300001901606Severin Acquisition, LLC, One stop 32025-06-300001901606Stellar Brands, LLC, Senior secured 12025-06-300001901606Stellar Brands, LLC, Senior secured 22025-06-300001901606Virginia Green Acquisition, LLC, One stop 12025-06-300001901606Virginia Green Acquisition, LLC, One stop 22025-06-300001901606Virginia Green Acquisition, LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2025-06-300001901606Baker Tilly Advisory Group, LP, One stop 12025-06-300001901606Baker Tilly Advisory Group, LP, One stop 22025-06-300001901606Baker Tilly Advisory Group, LP, One stop 32025-06-300001901606Baker Tilly Advisory Group, LP, One stop 42025-06-300001901606Equity Methods, LLC, One stop 12025-06-300001901606Equity Methods, LLC, One stop 22025-06-300001901606Equity Methods, LLC, One stop 32025-06-300001901606Higginbotham Insurance Agency, Inc., One stop 12025-06-300001901606Higginbotham Insurance Agency, Inc., One stop 22025-06-300001901606Wealth Enhancement Group, LLC, One stop 12025-06-300001901606Wealth Enhancement Group, LLC, One stop 22025-06-300001901606Wealth Enhancement Group, LLC, One stop 32025-06-300001901606Wealth Enhancement Group, LLC, One stop 42025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedFinancialServicesSectorMember2025-06-300001901606Smart Energy Systems, Inc., One stop 12025-06-300001901606Smart Energy Systems, Inc., One stop 22025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricUtilitiesSectorMember2025-06-300001901606Power Grid Holdings, Inc., One stop 12025-06-300001901606Power Grid Holdings, Inc., One stop 22025-06-300001901606Wildcat TopCo, Inc., One stop 12025-06-300001901606Wildcat TopCo, Inc., One stop 22025-06-300001901606Wildcat TopCo, Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricalEquipmentSectorMember2025-06-300001901606CST Holding Company, One stop 12025-06-300001901606CST Holding Company, One stop 22025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectronicEquipmentInstrumentsComponentsSectorMember2025-06-300001901606Blast Bidco Inc., One stop 12025-06-300001901606Blast Bidco Inc., One stop 22025-06-300001901606Eagle Family Foods Group, LLC, One stop 12025-06-300001901606Eagle Family Foods Group, LLC, One stop 22025-06-300001901606Zullas, L.C., One stop 12025-06-300001901606Zullas, L.C., One stop 22025-06-300001901606Zullas, L.C., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:FoodProductsSectorMember2025-06-300001901606Belmont Instrument, LLC, One stop 12025-06-300001901606Belmont Instrument, LLC, One stop 22025-06-300001901606HuFriedy Group Acquisition, LLC, One stop 12025-06-300001901606HuFriedy Group Acquisition, LLC, One stop 22025-06-300001901606HuFriedy Group Acquisition, LLC, One stop 32025-06-300001901606TIDI Legacy Products, Inc., One stop 12025-06-300001901606TIDI Legacy Products, Inc., One stop 22025-06-300001901606TIDI Legacy Products, Inc., One stop 32025-06-300001901606YI, LLC, One stop 12025-06-300001901606YI, LLC, One stop 22025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareEquipmentSuppliesSectorMember2025-06-300001901606Bamboo US Bidco LLC, One stop 12025-06-300001901606Bamboo US Bidco LLC, One stop 22025-06-300001901606Bamboo US Bidco LLC, One stop 32025-06-300001901606Bamboo US Bidco LLC, One stop 42025-06-300001901606Bamboo US Bidco LLC, One stop 52025-06-300001901606Bamboo US Bidco LLC, One stop 62025-06-300001901606Benefit Plan Administrators of Eau Claire, LLC, One stop 12025-06-300001901606Benefit Plan Administrators of Eau Claire, LLC, One stop 22025-06-300001901606Benefit Plan Administrators of Eau Claire, LLC, One stop 32025-06-300001901606Benefit Plan Administrators of Eau Claire, LLC, One stop 42025-06-300001901606BHG Holdings, LLC, One stop 12025-06-300001901606BHG Holdings, LLC, One stop 22025-06-300001901606BHG Holdings, LLC, One stop 32025-06-300001901606Community Care Partners, LLC, One stop2025-06-300001901606LOV Acquisition LLC, Senior secured 12025-06-300001901606LOV Acquisition LLC, Senior secured 22025-06-300001901606Premise Health Holding Corp., One stop 12025-06-300001901606Premise Health Holding Corp., One stop 22025-06-300001901606PPV Intermediate Holdings, LLC, One stop 12025-06-300001901606PPV Intermediate Holdings, LLC, One stop 22025-06-300001901606PPV Intermediate Holdings, LLC, One stop 32025-06-300001901606PPV Intermediate Holdings, LLC, One stop 42025-06-300001901606PPV Intermediate Holdings, LLC, One stop 52025-06-300001901606PPV Intermediate Holdings, LLC, One stop 62025-06-300001901606PPV Intermediate Holdings, LLC, One stop 72025-06-300001901606PPV Intermediate Holdings, LLC, One stop 82025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareProvidersServicesSectorMember2025-06-300001901606Amberfield Acquisition Co., One stop 12025-06-300001901606Amberfield Acquisition Co., One stop 22025-06-300001901606Amberfield Acquisition Co., One stop 32025-06-300001901606Color Intermediate, LLC, Senior secured2025-06-300001901606Crow River Buyer, Inc., One stop 12025-06-300001901606Crow River Buyer, Inc., One stop 22025-06-300001901606Crow River Buyer, Inc., One stop 32025-06-300001901606GHX Ultimate Parent Corporation, One stop 12025-06-300001901606GHX Ultimate Parent Corporation, One stop 22025-06-300001901606Kona Buyer, LLC, One stop 12025-06-300001901606Kona Buyer, LLC, One stop 22025-06-300001901606Kona Buyer, LLC, One stop 32025-06-300001901606Kona Buyer, LLC, One stop 42025-06-300001901606Kona Buyer, LLC, One stop 52025-06-300001901606Kona Buyer, LLC, One stop 62025-06-300001901606Kona Buyer, LLC, One stop 72025-06-300001901606Kona Buyer, LLC, One stop 82025-06-300001901606Modernizing Medicine, Inc., One stop 12025-06-300001901606Modernizing Medicine, Inc., One stop 22025-06-300001901606Neptune Holdings, Inc., One stop 12025-06-300001901606Neptune Holdings, Inc., One stop 22025-06-300001901606Netsmart Technologies, Inc., One stop 12025-06-300001901606Netsmart Technologies, Inc., One stop 22025-06-300001901606Netsmart Technologies, Inc., One stop 32025-06-300001901606Plasma Buyer LLC, One stop 12025-06-300001901606Plasma Buyer LLC, One stop 22025-06-300001901606Plasma Buyer LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareTechnologySectorMember2025-06-300001901606Barteca Restaurants, LLC, One stop 12025-06-300001901606Barteca Restaurants, LLC, One stop 22025-06-300001901606Barteca Restaurants, LLC, One stop 32025-06-300001901606Barteca Restaurants, LLC, One stop 42025-06-300001901606Crumbl Enterprises, LLC, One stop 12025-06-300001901606Crumbl Enterprises, LLC, One stop 22025-06-300001901606ESN Venture Holdings, LLC, One stop 12025-06-300001901606ESN Venture Holdings, LLC, One stop 22025-06-300001901606ESN Venture Holdings, LLC, One stop 32025-06-300001901606ESN Venture Holdings, LLC, One stop 42025-06-300001901606ESN Venture Holdings, LLC, One stop 52025-06-300001901606ESN Venture Holdings, LLC, One stop 62025-06-300001901606ESN Venture Holdings, LLC, One stop 72025-06-300001901606ESN Venture Holdings, LLC, One stop 82025-06-300001901606ESN Venture Holdings, LLC, One stop 92025-06-300001901606GFP Atlantic Holdco 2, LLC, One stop 12025-06-300001901606GFP Atlantic Holdco 2, LLC, One stop 22025-06-300001901606Health Buyer, LLC, Senior secured 12025-06-300001901606Health Buyer, LLC, Senior secured 22025-06-300001901606Health Buyer, LLC, Senior secured 32025-06-300001901606Health Buyer, LLC, Senior secured 42025-06-300001901606Health Buyer, LLC, Senior secured 52025-06-300001901606PB Group Holdings, LLC, One stop 12025-06-300001901606PB Group Holdings, LLC, One stop 22025-06-300001901606QSR Acquisition Co., One stop 12025-06-300001901606QSR Acquisition Co., One stop 22025-06-300001901606QSR Acquisition Co., One stop 32025-06-300001901606SDC Holdco, LLC, One stop 12025-06-300001901606SDC Holdco, LLC, One stop 22025-06-300001901606SDC Holdco, LLC, Second lien2025-06-300001901606Super REGO, LLC, Subordinated debt2025-06-300001901606YE Brands Holding, LLC, One stop 12025-06-300001901606YE Brands Holding, LLC, One stop 22025-06-300001901606YE Brands Holding, LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:HotelsRestaurantsLeisureSectorMember2025-06-300001901606WU Holdco, Inc., One stop 12025-06-300001901606WU Holdco, Inc., One stop 22025-06-300001901606WU Holdco, Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:HouseholdProductsSectorMember2025-06-300001901606Dwyer Instruments, Inc., One stop 12025-06-300001901606Dwyer Instruments, Inc., One stop 22025-06-300001901606Dwyer Instruments, Inc., One stop 32025-06-300001901606Dwyer Instruments, Inc., One stop 42025-06-300001901606Dwyer Instruments, Inc., One stop 52025-06-300001901606Essential Services Holdings Corporation, One stop 12025-06-300001901606Essential Services Holdings Corporation, One stop 22025-06-300001901606Essential Services Holdings Corporation, One stop 32025-06-300001901606Excelitas Technologies Corp., One stop 12025-06-300001901606Excelitas Technologies Corp., One stop 22025-06-300001901606Excelitas Technologies Corp., One stop 32025-06-300001901606Excelitas Technologies Corp., One stop 42025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:IndustrialConglomeratesSectorMember2025-06-300001901606Bellwether Buyer, LLC, One stop 12025-06-300001901606Bellwether Buyer, LLC, One stop 22025-06-300001901606Bellwether Buyer, LLC, One stop 32025-06-300001901606Captive Resources Midco, LLC, One stop 12025-06-300001901606Captive Resources Midco, LLC, One stop 22025-06-300001901606Disco Parent, Inc., One stop 12025-06-300001901606Disco Parent, Inc., One stop 22025-06-300001901606Doxa Insurance Holdings LLC, One stop 12025-06-300001901606Doxa Insurance Holdings LLC, One stop 22025-06-300001901606Doxa Insurance Holdings LLC, One stop 32025-06-300001901606Doxa Insurance Holdings LLC, One stop 42025-06-300001901606Integrated Specialty Coverages, LLC, One stop 12025-06-300001901606Integrated Specialty Coverages, LLC, One stop 22025-06-300001901606Integrated Specialty Coverages, LLC, One stop 32025-06-300001901606Integrity Marketing Acquisition, LLC, One stop 12025-06-300001901606Integrity Marketing Acquisition, LLC, One stop 22025-06-300001901606Integrity Marketing Acquisition, LLC, One stop 32025-06-300001901606Oakbridge Insurance Agency LLC, One stop 12025-06-300001901606Oakbridge Insurance Agency LLC, One stop 22025-06-300001901606Oakbridge Insurance Agency LLC, One stop 32025-06-300001901606Oakbridge Insurance Agency LLC, One stop 42025-06-300001901606Pareto Health Intermediate Holdings, Inc., One stop 12025-06-300001901606Pareto Health Intermediate Holdings, Inc., One stop 22025-06-300001901606Pareto Health Intermediate Holdings, Inc., One stop 32025-06-300001901606Wasabi Lower Holdco, LLC, Senior secured 12025-06-300001901606Wasabi Lower Holdco, LLC, Senior secured 22025-06-300001901606World Insurance Associates, LLC, One stop 12025-06-300001901606World Insurance Associates, LLC, One stop 22025-06-300001901606us-gaap:DebtSecuritiesMemberus-gaap:InsuranceSectorMember2025-06-300001901606Critical Start, Inc., One stop 12025-06-300001901606Critical Start, Inc., One stop 22025-06-300001901606Critical Start, Inc., One stop 32025-06-300001901606Goldcup 31018 AB, One stop 12025-06-300001901606Goldcup 31018 AB, One stop 22025-06-300001901606Goldcup 31018 AB, One stop 32025-06-300001901606Netwrix Corporation, One stop 12025-06-300001901606Netwrix Corporation, One stop 22025-06-300001901606Netwrix Corporation, One stop 32025-06-300001901606Netwrix Corporation, One stop 42025-06-300001901606PDQ Intermediate, Inc., Subordinated debt2025-06-300001901606ReliaQuest Holdings, LLC, One stop 12025-06-300001901606ReliaQuest Holdings, LLC, One stop 22025-06-300001901606ReliaQuest Holdings, LLC, One stop 32025-06-300001901606ReliaQuest Holdings, LLC, One stop 42025-06-300001901606WPEngine, Inc., One stop 12025-06-300001901606WPEngine, Inc., One stop 22025-06-300001901606Zarya Holdco, Inc., One stop 12025-06-300001901606Zarya Holdco, Inc., One stop 22025-06-300001901606Zarya Holdco, Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:ITServicesSectorMember2025-06-300001901606Crunch Holdings, LLC, One stop 12025-06-300001901606Crunch Holdings, LLC, One stop 22025-06-300001901606Movement Holdings, LLC, One stop 12025-06-300001901606Movement Holdings, LLC, One stop 22025-06-300001901606Movement Holdings, LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:LeisureProductsSectorMember2025-06-300001901606Celerion Buyer, Inc., One stop 12025-06-300001901606Celerion Buyer, Inc., One stop 22025-06-300001901606Celerion Buyer, Inc., One stop 32025-06-300001901606Celerion Buyer, Inc., One stop 42025-06-300001901606Graphpad Software, LLC, One stop 12025-06-300001901606Graphpad Software, LLC, One stop 22025-06-300001901606Graphpad Software, LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2025-06-300001901606AI Titan Parent, Inc., One stop 12025-06-300001901606AI Titan Parent, Inc., One stop 22025-06-300001901606AI Titan Parent, Inc., One stop 32025-06-300001901606Blackbird Purchaser, Inc., One stop 12025-06-300001901606Blackbird Purchaser, Inc., One stop 22025-06-300001901606Blackbird Purchaser, Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:MachinerySectorMember2025-06-300001901606Lotus Topco, Inc., One stop 12025-06-300001901606Lotus Topco, Inc., One stop 22025-06-300001901606Lotus Topco, Inc., One stop 32025-06-300001901606Shout! Factory, LLC, One stop 12025-06-300001901606Shout! Factory, LLC, One stop 22025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:MediaSectorMember2025-06-300001901606Envernus, Inc., One stop 12025-06-300001901606Envernus, Inc., One stop 22025-06-300001901606Envernus, Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:OilGasConsumableFuelsSectorMember2025-06-300001901606Caerus Midco 3 S.A.R.L., One stop 12025-06-300001901606Caerus Midco 3 S.A.R.L., One stop 22025-06-300001901606Caerus Midco 3 S.A.R.L., One stop 32025-06-300001901606Creek Parent, Inc., One stop 12025-06-300001901606Creek Parent, Inc., One stop 22025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:PharmaceuticalsSectorMember2025-06-300001901606ALKU Intermediate Holdings, LLC, One stop 12025-06-300001901606ALKU Intermediate Holdings, LLC, One stop 22025-06-300001901606bswift, LLC, One stop 12025-06-300001901606bswift, LLC, One stop 22025-06-300001901606DISA Holdings Corp., Senior secured 12025-06-300001901606DISA Holdings Corp., Subordinated debt2025-06-300001901606DISA Holdings Corp., Senior secured 22025-06-300001901606DISA Holdings Corp., One stop2025-06-300001901606DISA Holdings Corp., Senior secured 32025-06-300001901606DISA Holdings Corp., Senior secured 42025-06-300001901606DISA Holdings Corp., Senior secured 52025-06-300001901606Eclipse Buyer, Inc., One stop 12025-06-300001901606Eclipse Buyer, Inc., One stop 22025-06-300001901606Eclipse Buyer, Inc., One stop 32025-06-300001901606Varicent Intermediate Holdings Corporation, One stop 12025-06-300001901606Varicent Intermediate Holdings Corporation, One stop 22025-06-300001901606Varicent Intermediate Holdings Corporation, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:ProfessionalServicesSectorMember2025-06-300001901606Anaplan, Inc., One stop 12025-06-300001901606Anaplan, Inc., One stop 22025-06-300001901606Armstrong Bidco Limited, One stop 12025-06-300001901606Armstrong Bidco Limited, One stop 22025-06-300001901606Arrow Buyer, Inc., One stop 12025-06-300001901606Arrow Buyer, Inc., One stop 22025-06-300001901606Arrow Buyer, Inc., One stop 32025-06-300001901606Artifact Bidco, Inc., One stop 12025-06-300001901606Artifact Bidco, Inc., One stop 22025-06-300001901606Artifact Bidco, Inc., One stop 32025-06-300001901606Artifact Bidco, Inc., One stop 42025-06-300001901606Azurite Intermediate Holdings, Inc., One stop 12025-06-300001901606Azurite Intermediate Holdings, Inc., One stop 22025-06-300001901606Azurite Intermediate Holdings, Inc., One stop 32025-06-300001901606Baxter Planning Systems, LLC, One stop 12025-06-300001901606Baxter Planning Systems, LLC, One stop 22025-06-300001901606Baxter Planning Systems, LLC, One stop 32025-06-300001901606BestPass, Inc., One stop 12025-06-300001901606BestPass, Inc., One stop 22025-06-300001901606BestPass, Inc., One stop 32025-06-300001901606Bloomerang, LLC, One stop 12025-06-300001901606Bloomerang, LLC, One stop 22025-06-300001901606Bloomerang, LLC, One stop 32025-06-300001901606CB Buyer, Inc., One stop 12025-06-300001901606CB Buyer, Inc., One stop 22025-06-300001901606CB Buyer, Inc., One stop 32025-06-300001901606Coupa Holdings, LLC, One stop 12025-06-300001901606Coupa Holdings, LLC, One stop 22025-06-300001901606Coupa Holdings, LLC, One stop 32025-06-300001901606Crewline Buyer, Inc., One stop 12025-06-300001901606Crewline Buyer, Inc., One stop 22025-06-300001901606Einstein Parent, Inc., One stop 12025-06-300001901606Einstein Parent, Inc., One stop 22025-06-300001901606Espresso Bidco, Inc., One stop 12025-06-300001901606Espresso Bidco, Inc., One stop 22025-06-300001901606Espresso Bidco, Inc., One stop 32025-06-300001901606Evergreen IX Borrower 2023, LLC, One stop 12025-06-300001901606Evergreen IX Borrower 2023, LLC, One stop 22025-06-300001901606Evergreen IX Borrower 2023, LLC, One stop 32025-06-300001901606GTY Technology Holdings, Inc., One stop 12025-06-300001901606GTY Technology Holdings, Inc., One stop 22025-06-300001901606GTY Technology Holdings, Inc., One stop 32025-06-300001901606GTY Technology Holdings, Inc., One stop 42025-06-300001901606GTY Technology Holdings, Inc., One stop 52025-06-300001901606GTY Technology Holdings, Inc., One stop 62025-06-300001901606GTY Technology Holdings, Inc., One stop 72025-06-300001901606Gurobi Optimization, LLC, One stop 12025-06-300001901606Gurobi Optimization, LLC, One stop 22025-06-300001901606Hyland Software, Inc., One stop 12025-06-300001901606Hyland Software, Inc., One stop 22025-06-300001901606Icefall Parent, Inc., One stop 12025-06-300001901606Icefall Parent, Inc., One stop 22025-06-300001901606ICIMS, Inc., One stop 12025-06-300001901606ICIMS, Inc., One stop 22025-06-300001901606IQN Holding Corp., One stop 12025-06-300001901606IQN Holding Corp., One stop 22025-06-300001901606IQN Holding Corp., One stop 32025-06-300001901606IQN Holding Corp., One stop 42025-06-300001901606Island Bidco AB, One stop 12025-06-300001901606Island Bidco AB, One stop 22025-06-300001901606Island Bidco AB, One stop 32025-06-300001901606Island Bidco AB, One stop 42025-06-300001901606Island Bidco AB, One stop 52025-06-300001901606LogicMonitor, Inc., One stop 12025-06-300001901606LogicMonitor, Inc., One stop 22025-06-300001901606Navex TopCo, Inc., One stop 12025-06-300001901606Navex TopCo, Inc., One stop 22025-06-300001901606Onit, Inc., One stop 12025-06-300001901606Onit, Inc., One stop 22025-06-300001901606Onit, Inc., One stop 32025-06-300001901606Panzura, LLC, One stop2025-06-300001901606PING Identity Holding Corp., One stop 12025-06-300001901606PING Identity Holding Corp., One stop 22025-06-300001901606Quant Buyer, Inc., One stop 12025-06-300001901606Quant Buyer, Inc., One stop 22025-06-300001901606Quant Buyer, Inc., One stop 32025-06-300001901606Quant Buyer, Inc., One stop 42025-06-300001901606Quant Buyer, Inc., One stop 52025-06-300001901606Rainforest Bidco Limited, One stop 12025-06-300001901606Rainforest Bidco Limited, One stop 22025-06-300001901606Rainforest Bidco Limited, One stop 32025-06-300001901606Templafy APS and Templafy, LLC, One stop 12025-06-300001901606Templafy APS and Templafy, LLC, One stop 22025-06-300001901606Togetherwork Holdings, LLC, One stop 12025-06-300001901606Togetherwork Holdings, LLC, One stop 22025-06-300001901606Togetherwork Holdings, LLC, One stop 32025-06-300001901606Tricentis Operations Holdings, Inc., One stop 12025-06-300001901606Tricentis Operations Holdings, Inc., One stop 22025-06-300001901606Tricentis Operations Holdings, Inc., One stop 32025-06-300001901606Viper Bidco, Inc., One stop 12025-06-300001901606Viper Bidco, Inc., One stop 22025-06-300001901606Viper Bidco, Inc., One stop 32025-06-300001901606Viper Bidco, Inc., One stop 42025-06-300001901606Zendesk, Inc., One stop 12025-06-300001901606Zendesk, Inc., One stop 22025-06-300001901606Zendesk, Inc., One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:SoftwareSectorMember2025-06-300001901606Biscuit Parent, LLC, One stop 12025-06-300001901606Biscuit Parent, LLC, One stop 22025-06-300001901606Biscuit Parent, LLC, One stop 32025-06-300001901606Cavender Stores L.P., Senior secured2025-06-300001901606CVP Holdco, Inc., One stop 12025-06-300001901606CVP Holdco, Inc., One stop 22025-06-300001901606CVP Holdco, Inc., One stop 32025-06-300001901606PetVet Care Centers LLC, One stop 12025-06-300001901606PetVet Care Centers LLC, One stop 22025-06-300001901606PetVet Care Centers LLC, One stop 32025-06-300001901606Radiance Borrower, LLC, One stop 12025-06-300001901606Radiance Borrower, LLC, One stop 22025-06-300001901606Salon Lofts Group, LLC, Senior secured 12025-06-300001901606Salon Lofts Group, LLC, Senior secured 22025-06-300001901606Salon Lofts Group, LLC, Senior secured 32025-06-300001901606Salon Lofts Group, LLC, Senior secured 42025-06-300001901606Salon Lofts Group, LLC, Second lien 12025-06-300001901606Salon Lofts Group, LLC, Senior secured 52025-06-300001901606Salon Lofts Group, LLC, Senior secured 62025-06-300001901606Salon Lofts Group, LLC, Senior secured 72025-06-300001901606Salon Lofts Group, LLC, Senior secured 82025-06-300001901606Salon Lofts Group, LLC, Senior secured 92025-06-300001901606Salon Lofts Group, LLC, Second lien 22025-06-300001901606Salon Lofts Group, LLC, Senior secured 102025-06-300001901606Salon Lofts Group, LLC, Senior secured 112025-06-300001901606Salon Lofts Group, LLC, Second lien 32025-06-300001901606Salon Lofts Group, LLC, Senior secured 122025-06-300001901606Salon Lofts Group, LLC, Second lien 42025-06-300001901606Salon Lofts Group, LLC, Second lien 52025-06-300001901606Salon Lofts Group, LLC, Senior secured 132025-06-300001901606Salon Lofts Group, LLC, Second lien 62025-06-300001901606Salon Lofts Group, LLC, Senior secured 142025-06-300001901606Salon Lofts Group, LLC, Second lien 72025-06-300001901606Salon Lofts Group, LLC, Senior secured 152025-06-300001901606Salon Lofts Group, LLC, Senior secured 162025-06-300001901606Salon Lofts Group, LLC, Senior secured 172025-06-300001901606Salon Lofts Group, LLC, Second lien 82025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:SpecialtyRetailSectorMember2025-06-300001901606LDS Intermediate Holdings, LLC, One stop 12025-06-300001901606LDS Intermediate Holdings, LLC, One stop 22025-06-300001901606LDS Intermediate Holdings, LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:TransportationInfrastructureSectorMember2025-06-300001901606Vessco Midco Holdings, LLC, One stop 12025-06-300001901606Vessco Midco Holdings, LLC, One stop 22025-06-300001901606Vessco Midco Holdings, LLC, One stop 32025-06-300001901606us-gaap:DebtSecuritiesMembergdlcu:WaterUtilitiesSectorMember2025-06-300001901606us-gaap:DebtSecuritiesMember2025-06-300001901606PPW Aero Buyer, Inc., LP units2025-06-300001901606RJW Group Holdings, Inc., LP units2025-06-300001901606Arnott, LLC, LP units2025-06-300001901606CAP-KSI Holdings, LLC, LP units2025-06-300001901606CAP-KSI Holdings, LLC, Preferred stock2025-06-300001901606National Express Wash Parent Holdco, LLC, LP units2025-06-300001901606Quick Quack Car Wash Holdings, LLC, LP units2025-06-300001901606Quick Quack Car Wash Holdings, LLC, LLC units2025-06-300001901606Yorkshire Parent, Inc., LP units2025-06-300001901606us-gaap:EquitySecuritiesMembergdlcu:AutomobilesSectorMember2025-06-300001901606Spindrift Beverage Co. Inc., LP units2025-06-300001901606CHA Vision Holdings, Inc., LP units2025-06-300001901606CHVAC Services Investment, LLC, Common stock2025-06-300001901606DP Flores Holdings, LLC, LLC units2025-06-300001901606HS Spa Holdings, Inc., Common stock2025-06-300001901606NSG Buyer, Inc., LP units2025-06-300001901606Virginia Green Acquisition, LLC, LP units2025-06-300001901606us-gaap:EquitySecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2025-06-300001901606Smart Energy Systems, Inc., Warrant2025-06-300001901606Wildcat TopCo, Inc., LP units2025-06-300001901606Zullas, L.C., LP units2025-06-300001901606Amberfield Acquisition Co., LLC units2025-06-300001901606Modernizing Medicine, Inc., Preferred stock2025-06-300001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareTechnologySectorMember2025-06-300001901606PB Group Holdings, LLC, LP units2025-06-300001901606Oakbridge Insurance Agency LLC, LP units2025-06-300001901606Critical Start, Inc., Common stock2025-06-300001901606Netwrix Corporation, LLC units2025-06-300001901606us-gaap:EquitySecuritiesMembergdlcu:ITServicesSectorMember2025-06-300001901606Movement Holdings, LLC, LLC units2025-06-300001901606Celerion Buyer, Inc., LP units 12025-06-300001901606Celerion Buyer, Inc., LP units 22025-06-300001901606us-gaap:EquitySecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2025-06-300001901606Creek Parent, Inc., LP interest2025-06-300001901606Eclipse Buyer, Inc., Preferred stock2025-06-300001901606Anaplan, Inc., LP interest2025-06-300001901606CB Buyer, Inc., LP units2025-06-300001901606Cynet Security Ltd., Preferred stock2025-06-300001901606Energy Worldnet, LLC, LLC units2025-06-300001901606GTY Technology Holdings, Inc., LP units2025-06-300001901606Gurobi Optimization, LLC, Common stock2025-06-300001901606Kaseya Inc., Preferred stock2025-06-300001901606Kaseya Inc., LP interest2025-06-300001901606LogicMonitor, Inc., LP interest2025-06-300001901606Menlo Ridgeview Co-Invest, LLC, LLC interest2025-06-300001901606Onit, Inc., Warrant2025-06-300001901606Panzura, LLC, LLC units2025-06-300001901606StrongDM, Inc., Preferred stock2025-06-300001901606Templafy APS and Templafy, LLC, Warrant2025-06-300001901606Togetherwork Holdings, LLC, Preferred stock2025-06-300001901606Tricentis Operations Holdings, Inc., LP interest2025-06-300001901606Zendesk, Inc., LP units2025-06-300001901606us-gaap:EquitySecuritiesMembergdlcu:SoftwareSectorMember2025-06-300001901606Salon Lofts Group, LLC, LP units2025-06-300001901606us-gaap:EquitySecuritiesMember2025-06-300001901606Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio Institutional Share Class (CUSIP 61747C582)2025-06-300001901606gdlcu:NonQualifyingAssetMembergdlcu:AssetConcentrationRiskMembergdlcu:InvestmentsAtFairValueMember2024-10-012025-06-300001901606PPW Aero Buyer, Inc., One stop 12024-09-300001901606PPW Aero Buyer, Inc., One stop 22024-09-300001901606PPW Aero Buyer, Inc., One stop 32024-09-300001901606PPW Aero Buyer, Inc., One stop 42024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AerospaceDefenseSectorMember2024-09-300001901606Collision SP Subco, LLC, One stop 12024-09-300001901606Collision SP Subco, LLC, One stop 22024-09-300001901606Collision SP Subco, LLC, One stop 32024-09-300001901606OEConnection, LLC, One stop 12024-09-300001901606OEConnection, LLC, One stop 22024-09-300001901606OEConnection, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AutoComponentsSectorMember2024-09-300001901606CAP-KSI Holdings, LLC, One stop 12024-09-300001901606CAP-KSI Holdings, LLC, One stop 22024-09-300001901606National Express Wash Parent Holdco, LLC, One stop 12024-09-300001901606National Express Wash Parent Holdco, LLC, One stop 22024-09-300001901606National Express Wash Parent Holdco, LLC, One stop 32024-09-300001901606Quick Quack Car Wash Holdings, LLC, One stop 12024-09-300001901606Quick Quack Car Wash Holdings, LLC, One stop 22024-09-300001901606Quick Quack Car Wash Holdings, LLC, One stop 32024-09-300001901606Yorkshire Parent, Inc., One stop 12024-09-300001901606Yorkshire Parent, Inc., One stop 22024-09-300001901606Yorkshire Parent, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AutomobilesSectorMember2024-09-300001901606OSP Hamilton Purchaser, LLC, One stop 12024-09-300001901606OSP Hamilton Purchaser, LLC, One stop 22024-09-300001901606OSP Hamilton Purchaser, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:BanksSectorMember2024-09-300001901606Financial Information Technologies, LLC, One stop 12024-09-300001901606Financial Information Technologies, LLC, One stop 22024-09-300001901606Financial Information Technologies, LLC, One stop 32024-09-300001901606Financial Information Technologies, LLC, One stop 42024-09-300001901606Financial Information Technologies, LLC, One stop 52024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:BeveragesSectorMember2024-09-300001901606BlueMatrix Holdings, LLC, One stop 12024-09-300001901606BlueMatrix Holdings, LLC, One stop 22024-09-300001901606BlueMatrix Holdings, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:CapitalMarketsSectorMember2024-09-300001901606Krayden Holdings, Inc., Senior secured 12024-09-300001901606Krayden Holdings, Inc., Senior secured 22024-09-300001901606Krayden Holdings, Inc., Senior secured 32024-09-300001901606us-gaap:DebtSecuritiesMemberus-gaap:ChemicalsSectorMember2024-09-300001901606BradyIFS Holdings, LLC, One stop 12024-09-300001901606BradyIFS Holdings, LLC, One stop 22024-09-300001901606Encore Holdings, LLC, One stop 12024-09-300001901606Encore Holdings, LLC, One stop 22024-09-300001901606Encore Holdings, LLC, One stop 32024-09-300001901606FR Vision Holdings, Inc., One stop 12024-09-300001901606FR Vision Holdings, Inc., One stop 22024-09-300001901606FR Vision Holdings, Inc., One stop 32024-09-300001901606Kleinfelder Intermediate, LLC, One stop 12024-09-300001901606Kleinfelder Intermediate, LLC, One stop 22024-09-300001901606Kleinfelder Intermediate, LLC, One stop 32024-09-300001901606PSC Parent, Inc., One stop 12024-09-300001901606PSC Parent, Inc., One stop 22024-09-300001901606PSC Parent, Inc., One stop 32024-09-300001901606PSC Parent, Inc., One stop 42024-09-300001901606WRE Holding Corp., One stop 12024-09-300001901606WRE Holding Corp., One stop 22024-09-300001901606WRE Holding Corp., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:CommercialServicesSuppliesSectorMember2024-09-300001901606Consor Intermediate II, LLC, One stop 12024-09-300001901606Consor Intermediate II, LLC, One stop 22024-09-300001901606Consor Intermediate II, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ConstructionEngineeringSectorMember2024-09-300001901606Any Hour, LLC, One stop 12024-09-300001901606Any Hour, LLC, One stop 22024-09-300001901606Any Hour, LLC, One stop 32024-09-300001901606Any Hour, LLC, One stop 42024-09-300001901606Apex Service Partners, LLC, One stop 12024-09-300001901606Apex Service Partners, LLC, One stop 22024-09-300001901606Apex Service Partners, LLC, One stop 32024-09-300001901606Apex Service Partners, LLC, One stop 42024-09-300001901606CHVAC Services Investment, LLC, One stop 12024-09-300001901606CHVAC Services Investment, LLC, One stop 22024-09-300001901606CHVAC Services Investment, LLC, One stop 32024-09-300001901606Entomo Brands Acquisitions, Inc., Senior secured 12024-09-300001901606Entomo Brands Acquisitions, Inc., Senior secured 22024-09-300001901606Entomo Brands Acquisitions, Inc., Senior secured 32024-09-300001901606HS Spa Holdings, Inc., One stop 12024-09-300001901606HS Spa Holdings, Inc., One stop 22024-09-300001901606HS Spa Holdings, Inc., One stop 32024-09-300001901606Litera Bidco, LLC, One stop 12024-09-300001901606Litera Bidco, LLC, One stop 22024-09-300001901606Litera Bidco, LLC, One stop 32024-09-300001901606Litera Bidco, LLC, One stop 42024-09-300001901606NSG Buyer, Inc., One stop 12024-09-300001901606NSG Buyer, Inc., One stop 22024-09-300001901606NSG Buyer, Inc., One stop 32024-09-300001901606NSG Buyer, Inc., One stop 42024-09-300001901606Virginia Green Acquisition, LLC, One stop 12024-09-300001901606Virginia Green Acquisition, LLC, One stop 22024-09-300001901606Virginia Green Acquisition, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2024-09-300001901606Avalara, Inc., One stop 12024-09-300001901606Avalara, Inc., One stop 22024-09-300001901606Baker Tilly Advisory Group, LP, One stop 12024-09-300001901606Baker Tilly Advisory Group, LP, One stop 22024-09-300001901606Baker Tilly Advisory Group, LP, One stop 32024-09-300001901606Higginbotham Insurance Agency, Inc., One stop 12024-09-300001901606Higginbotham Insurance Agency, Inc., One stop 22024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedFinancialServicesSectorMember2024-09-300001901606Power Grid Holdings, Inc., One stop 12024-09-300001901606Power Grid Holdings, Inc., One stop 22024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricalEquipmentSectorMember2024-09-300001901606CST Holding Company, One stop 12024-09-300001901606CST Holding Company, One stop 22024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectronicEquipmentInstrumentsComponentsSectorMember2024-09-300001901606Blast Bidco Inc., One stop 12024-09-300001901606Blast Bidco Inc., One stop 22024-09-300001901606Eagle Family Foods Group, LLC, One stop 12024-09-300001901606Eagle Family Foods Group, LLC, One stop 22024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:FoodProductsSectorMember2024-09-300001901606Belmont Instrument, LLC, One stop 12024-09-300001901606Belmont Instrument, LLC, One stop 22024-09-300001901606HuFriedy Group Acquisition, LLC, One stop 12024-09-300001901606HuFriedy Group Acquisition, LLC, One stop 22024-09-300001901606HuFriedy Group Acquisition, LLC, One stop 32024-09-300001901606TIDI Legacy Products, Inc., One stop 12024-09-300001901606TIDI Legacy Products, Inc., One stop 22024-09-300001901606TIDI Legacy Products, Inc., One stop 32024-09-300001901606YI, LLC, One stop 12024-09-300001901606YI, LLC, One stop 22024-09-300001901606YI, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareEquipmentSuppliesSectorMember2024-09-300001901606Bamboo US Bidco LLC, One stop 12024-09-300001901606Bamboo US Bidco LLC, One stop 22024-09-300001901606Bamboo US Bidco LLC, One stop 32024-09-300001901606Bamboo US Bidco LLC, One stop 42024-09-300001901606Community Care Partners, LLC, One stop2024-09-300001901606Premise Health Holding Corp., One stop 12024-09-300001901606Premise Health Holding Corp., One stop 22024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareProvidersServicesSectorMember2024-09-300001901606Amberfield Acquisition Co., One stop 12024-09-300001901606Amberfield Acquisition Co., One stop 22024-09-300001901606Amberfield Acquisition Co., One stop 32024-09-300001901606Color Intermediate, LLC, Senior secured2024-09-300001901606Crow River Buyer, Inc., One stop 12024-09-300001901606Crow River Buyer, Inc., One stop 22024-09-300001901606HealthEdge Software, Inc., One stop 12024-09-300001901606HealthEdge Software, Inc., One stop 22024-09-300001901606HealthEdge Software, Inc., One stop 32024-09-300001901606Kona Buyer, LLC, One stop 12024-09-300001901606Kona Buyer, LLC, One stop 22024-09-300001901606Kona Buyer, LLC, One stop 32024-09-300001901606Kona Buyer, LLC, One stop 42024-09-300001901606Neptune Holdings, Inc., One stop 12024-09-300001901606Neptune Holdings, Inc., One stop 22024-09-300001901606Netsmart Technologies, Inc., One stop 12024-09-300001901606Netsmart Technologies, Inc., One stop 22024-09-300001901606Netsmart Technologies, Inc., One stop 32024-09-300001901606Plasma Buyer LLC, One stop 12024-09-300001901606Plasma Buyer LLC, One stop 22024-09-300001901606Plasma Buyer LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareTechnologySectorMember2024-09-300001901606Barteca Restaurants, LLC, One stop 12024-09-300001901606Barteca Restaurants, LLC, One stop 22024-09-300001901606Barteca Restaurants, LLC, One stop 32024-09-300001901606Barteca Restaurants, LLC, One stop 42024-09-300001901606ESN Venture Holdings, LLC, One stop 12024-09-300001901606ESN Venture Holdings, LLC, One stop 22024-09-300001901606ESN Venture Holdings, LLC, One stop 32024-09-300001901606ESN Venture Holdings, LLC, One stop 42024-09-300001901606ESN Venture Holdings, LLC, One stop 52024-09-300001901606ESN Venture Holdings, LLC, One stop 62024-09-300001901606ESN Venture Holdings, LLC, One stop 72024-09-300001901606GFP Atlantic Holdco 2, LLC, One stop 12024-09-300001901606GFP Atlantic Holdco 2, LLC, One stop 22024-09-300001901606Health Buyer, LLC, Senior secured 12024-09-300001901606Health Buyer, LLC, Senior secured 22024-09-300001901606Health Buyer, LLC, Senior secured 32024-09-300001901606Health Buyer, LLC, Senior secured 42024-09-300001901606Health Buyer, LLC, Senior secured 52024-09-300001901606PB Group Holdings, LLC, One stop 12024-09-300001901606PB Group Holdings, LLC, One stop 22024-09-300001901606SDC Holdco, LLC, One stop 12024-09-300001901606SDC Holdco, LLC, One stop 22024-09-300001901606SDC Holdco, LLC, Second lien2024-09-300001901606Super REGO, LLC, Subordinated debt2024-09-300001901606YE Brands Holding, LLC, One stop 12024-09-300001901606YE Brands Holding, LLC, One stop 22024-09-300001901606YE Brands Holding, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HotelsRestaurantsLeisureSectorMember2024-09-300001901606Dwyer Instruments, Inc., One stop 12024-09-300001901606Dwyer Instruments, Inc., One stop 22024-09-300001901606Dwyer Instruments, Inc., One stop 32024-09-300001901606Dwyer Instruments, Inc., One stop 42024-09-300001901606Dwyer Instruments, Inc., One stop 52024-09-300001901606Essential Services Holdings Corporation, One stop 12024-09-300001901606Essential Services Holdings Corporation, One stop 22024-09-300001901606Essential Services Holdings Corporation, One stop 32024-09-300001901606Excelitas Technologies Corp., One stop 12024-09-300001901606Excelitas Technologies Corp., One stop 22024-09-300001901606Excelitas Technologies Corp., One stop 32024-09-300001901606Excelitas Technologies Corp., One stop 42024-09-300001901606Excelitas Technologies Corp., One stop 52024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:IndustrialConglomeratesSectorMember2024-09-300001901606Captive Resources Midco, LLC, One stop 12024-09-300001901606Captive Resources Midco, LLC, One stop 22024-09-300001901606Disco Parent, Inc., One stop 12024-09-300001901606Disco Parent, Inc., One stop 22024-09-300001901606Doxa Insurance Holdings LLC, One stop 12024-09-300001901606Doxa Insurance Holdings LLC, One stop 22024-09-300001901606Doxa Insurance Holdings LLC, One stop 32024-09-300001901606Doxa Insurance Holdings LLC, One stop 42024-09-300001901606Integrated Specialty Coverages, LLC, One stop 12024-09-300001901606Integrated Specialty Coverages, LLC, One stop 22024-09-300001901606Integrated Specialty Coverages, LLC, One stop 32024-09-300001901606Integrity Marketing Acquisition, LLC, One stop 12024-09-300001901606Integrity Marketing Acquisition, LLC, One stop 22024-09-300001901606Integrity Marketing Acquisition, LLC, One stop 32024-09-300001901606Oakbridge Insurance Agency LLC, One stop 12024-09-300001901606Oakbridge Insurance Agency LLC, One stop 22024-09-300001901606Oakbridge Insurance Agency LLC, One stop 32024-09-300001901606Pareto Health Intermediate Holdings, Inc., One stop 12024-09-300001901606Pareto Health Intermediate Holdings, Inc., One stop 22024-09-300001901606Pareto Health Intermediate Holdings, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMemberus-gaap:InsuranceSectorMember2024-09-300001901606Critical Start, Inc., One stop 12024-09-300001901606Critical Start, Inc., One stop 22024-09-300001901606Critical Start, Inc., One stop 32024-09-300001901606Goldcup 31018 AB, One stop 12024-09-300001901606Goldcup 31018 AB, One stop 22024-09-300001901606Goldcup 31018 AB, One stop 32024-09-300001901606Netwrix Corporation, One stop 12024-09-300001901606Netwrix Corporation, One stop 22024-09-300001901606Netwrix Corporation, One stop 32024-09-300001901606PDQ Intermediate, Inc., Subordinated debt2024-09-300001901606ReliaQuest Holdings, LLC, One stop 12024-09-300001901606ReliaQuest Holdings, LLC, One stop 22024-09-300001901606ReliaQuest Holdings, LLC, One stop 32024-09-300001901606WPEngine, Inc., One stop 12024-09-300001901606WPEngine, Inc., One stop 22024-09-300001901606Zarya Holdco, Inc., One stop 12024-09-300001901606Zarya Holdco, Inc., One stop 22024-09-300001901606Zarya Holdco, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ITServicesSectorMember2024-09-300001901606Crunch Holdings, LLC, One stop 12024-09-300001901606Crunch Holdings, LLC, One stop 22024-09-300001901606Movement Holdings, LLC, One stop 12024-09-300001901606Movement Holdings, LLC, One stop 22024-09-300001901606Movement Holdings, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:LeisureProductsSectorMember2024-09-300001901606Celerion Buyer, Inc., One stop 12024-09-300001901606Celerion Buyer, Inc., One stop 22024-09-300001901606Celerion Buyer, Inc., One stop 32024-09-300001901606Graphpad Software, LLC, One stop 12024-09-300001901606Graphpad Software, LLC, One stop 22024-09-300001901606Graphpad Software, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2024-09-300001901606AI Titan Parent, Inc., One stop 12024-09-300001901606AI Titan Parent, Inc., One stop 22024-09-300001901606AI Titan Parent, Inc., One stop 32024-09-300001901606Blackbird Purchaser, Inc., One stop 12024-09-300001901606Blackbird Purchaser, Inc., One stop 22024-09-300001901606Blackbird Purchaser, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:MachinerySectorMember2024-09-300001901606Lotus Topco, Inc., One stop 12024-09-300001901606Lotus Topco, Inc., One stop 22024-09-300001901606Lotus Topco, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:MediaSectorMember2024-09-300001901606Envernus, Inc., One stop 12024-09-300001901606Envernus, Inc., One stop 22024-09-300001901606Envernus, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:OilGasConsumableFuelsSectorMember2024-09-300001901606Caerus Midco 3 S.A.R.L., One stop 12024-09-300001901606Caerus Midco 3 S.A.R.L., One stop 22024-09-300001901606Caerus Midco 3 S.A.R.L., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:PharmaceuticalsSectorMember2024-09-300001901606ALKU Intermediate Holdings, LLC, One stop 12024-09-300001901606ALKU Intermediate Holdings, LLC, One stop 22024-09-300001901606bswift, LLC, One stop2024-09-300001901606Citrin Cooperman Advisors LLC, One stop 12024-09-300001901606Citrin Cooperman Advisors LLC, One stop 22024-09-300001901606Citrin Cooperman Advisors LLC, One stop 32024-09-300001901606Citrin Cooperman Advisors LLC, One stop 42024-09-300001901606Citrin Cooperman Advisors LLC, One stop 52024-09-300001901606DISA Holdings Corp., Senior secured 12024-09-300001901606DISA Holdings Corp., Subordinated debt2024-09-300001901606DISA Holdings Corp., Senior secured 22024-09-300001901606DISA Holdings Corp., One stop2024-09-300001901606DISA Holdings Corp., Senior secured 32024-09-300001901606DISA Holdings Corp., Senior secured 42024-09-300001901606DISA Holdings Corp., Senior secured 52024-09-300001901606Eclipse Buyer, Inc., One stop 12024-09-300001901606Eclipse Buyer, Inc., One stop 22024-09-300001901606Eclipse Buyer, Inc., One stop 32024-09-300001901606Varicent Intermediate Holdings Corporation, One stop 12024-09-300001901606Varicent Intermediate Holdings Corporation, One stop 22024-09-300001901606Varicent Intermediate Holdings Corporation, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ProfessionalServicesSectorMember2024-09-300001901606Anaplan, Inc., One stop 12024-09-300001901606Anaplan, Inc., One stop 22024-09-300001901606Anaplan, Inc., One stop 32024-09-300001901606Armstrong Bidco Limited, One stop 12024-09-300001901606Armstrong Bidco Limited, One stop 22024-09-300001901606Arrow Buyer, Inc., One stop 12024-09-300001901606Arrow Buyer, Inc., One stop 22024-09-300001901606Arrow Buyer, Inc., One stop 32024-09-300001901606Artifact Bidco, Inc., One stop 12024-09-300001901606Artifact Bidco, Inc., One stop 22024-09-300001901606Artifact Bidco, Inc., One stop 32024-09-300001901606Artifact Bidco, Inc., One stop 42024-09-300001901606Azurite Intermediate Holdings, Inc., One stop 12024-09-300001901606Azurite Intermediate Holdings, Inc., One stop 22024-09-300001901606Azurite Intermediate Holdings, Inc., One stop 32024-09-300001901606Baxter Planning Systems, LLC, One stop 12024-09-300001901606Baxter Planning Systems, LLC, One stop 22024-09-300001901606Baxter Planning Systems, LLC, One stop 32024-09-300001901606BestPass, Inc., One stop 12024-09-300001901606BestPass, Inc., One stop 22024-09-300001901606BestPass, Inc., One stop 32024-09-300001901606Bloomerang, LLC, One stop 12024-09-300001901606Bloomerang, LLC, One stop 22024-09-300001901606Bloomerang, LLC, One stop 32024-09-300001901606CB Buyer, Inc., One stop 12024-09-300001901606CB Buyer, Inc., One stop 22024-09-300001901606CB Buyer, Inc., One stop 32024-09-300001901606Coupa Holdings, LLC, One stop 12024-09-300001901606Coupa Holdings, LLC, One stop 22024-09-300001901606Coupa Holdings, LLC, One stop 32024-09-300001901606Crewline Buyer, Inc., One stop 12024-09-300001901606Crewline Buyer, Inc., One stop 22024-09-300001901606Evergreen IX Borrower 2023, LLC, One stop 12024-09-300001901606Evergreen IX Borrower 2023, LLC, One stop 22024-09-300001901606Evergreen IX Borrower 2023, LLC, One stop 32024-09-300001901606GTY Technology Holdings, Inc., One stop 12024-09-300001901606GTY Technology Holdings, Inc., One stop 22024-09-300001901606GTY Technology Holdings, Inc., One stop 32024-09-300001901606GTY Technology Holdings, Inc., One stop 42024-09-300001901606GTY Technology Holdings, Inc., One stop 52024-09-300001901606GTY Technology Holdings, Inc., One stop 62024-09-300001901606Gurobi Optimization, LLC, One stop 12024-09-300001901606Gurobi Optimization, LLC, One stop 22024-09-300001901606Hyland Software, Inc., One stop 12024-09-300001901606Hyland Software, Inc., One stop 22024-09-300001901606Icefall Parent, Inc., One stop 12024-09-300001901606Icefall Parent, Inc., One stop 22024-09-300001901606ICIMS, Inc., One stop 12024-09-300001901606ICIMS, Inc., One stop 22024-09-300001901606ICIMS, Inc., One stop 32024-09-300001901606IQN Holding Corp., One stop 12024-09-300001901606IQN Holding Corp., One stop 22024-09-300001901606Island Bidco AB, One stop 12024-09-300001901606Island Bidco AB, One stop 22024-09-300001901606Island Bidco AB, One stop 32024-09-300001901606Island Bidco AB, One stop 42024-09-300001901606Island Bidco AB, One stop 52024-09-300001901606Kaseya Inc., One stop 12024-09-300001901606Kaseya Inc., One stop 22024-09-300001901606Kaseya Inc., One stop 32024-09-300001901606Kaseya Inc., One stop 42024-09-300001901606Navex TopCo, Inc., One stop 12024-09-300001901606Navex TopCo, Inc., One stop 22024-09-300001901606Panzura, LLC, One stop2024-09-300001901606PING Identity Holding Corp., One stop 12024-09-300001901606PING Identity Holding Corp., One stop 22024-09-300001901606Quant Buyer, Inc., One stop 12024-09-300001901606Quant Buyer, Inc., One stop 22024-09-300001901606Quant Buyer, Inc., One stop 32024-09-300001901606Quant Buyer, Inc., One stop 42024-09-300001901606Rainforest Bidco Limited, One stop 12024-09-300001901606Rainforest Bidco Limited, One stop 22024-09-300001901606Rainforest Bidco Limited, One stop 32024-09-300001901606SailPoint Technologies Holdings, Inc., One stop 12024-09-300001901606SailPoint Technologies Holdings, Inc., One stop 22024-09-300001901606Templafy APS and Templafy, LLC, One stop 12024-09-300001901606Templafy APS and Templafy, LLC, One stop 22024-09-300001901606Togetherwork Holdings, LLC, One stop 12024-09-300001901606Togetherwork Holdings, LLC, One stop 22024-09-300001901606Togetherwork Holdings, LLC, One stop 32024-09-300001901606Zendesk, Inc., One stop 12024-09-300001901606Zendesk, Inc., One stop 22024-09-300001901606Zendesk, Inc., One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:SoftwareSectorMember2024-09-300001901606Biscuit Parent, LLC, One stop 12024-09-300001901606Biscuit Parent, LLC, One stop 22024-09-300001901606Cavender Stores L.P., Senior secured2024-09-300001901606CVP Holdco, Inc., One stop 12024-09-300001901606CVP Holdco, Inc., One stop 22024-09-300001901606CVP Holdco, Inc., One stop 32024-09-300001901606PetVet Care Centers LLC, One stop 12024-09-300001901606PetVet Care Centers LLC, One stop 22024-09-300001901606PetVet Care Centers LLC, One stop 32024-09-300001901606PPV Intermediate Holdings, LLC, One stop 12024-09-300001901606PPV Intermediate Holdings, LLC, One stop 22024-09-300001901606PPV Intermediate Holdings, LLC, One stop 32024-09-300001901606PPV Intermediate Holdings, LLC, One stop 42024-09-300001901606PPV Intermediate Holdings, LLC, One stop 52024-09-300001901606PPV Intermediate Holdings, LLC, One stop 62024-09-300001901606PPV Intermediate Holdings, LLC, One stop 72024-09-300001901606PPV Intermediate Holdings, LLC, One stop 82024-09-300001901606Radiance Borrower, LLC, One stop 12024-09-300001901606Radiance Borrower, LLC, One stop 22024-09-300001901606Salon Lofts Group, LLC, Senior secured 12024-09-300001901606Salon Lofts Group, LLC, Senior secured 22024-09-300001901606Salon Lofts Group, LLC, Senior secured 32024-09-300001901606Salon Lofts Group, LLC, Senior secured 42024-09-300001901606Salon Lofts Group, LLC, Second lien 12024-09-300001901606Salon Lofts Group, LLC, Senior secured 52024-09-300001901606Salon Lofts Group, LLC, Senior secured 62024-09-300001901606Salon Lofts Group, LLC, Senior secured 72024-09-300001901606Salon Lofts Group, LLC, Senior secured 82024-09-300001901606Salon Lofts Group, LLC, Senior secured 92024-09-300001901606Salon Lofts Group, LLC, Second lien 22024-09-300001901606Salon Lofts Group, LLC, Senior secured 102024-09-300001901606Salon Lofts Group, LLC, Senior secured 112024-09-300001901606Salon Lofts Group, LLC, Second lien 32024-09-300001901606Salon Lofts Group, LLC, Senior secured 122024-09-300001901606Salon Lofts Group, LLC, Second lien 42024-09-300001901606Salon Lofts Group, LLC, Second lien 52024-09-300001901606Salon Lofts Group, LLC, Senior secured 132024-09-300001901606Salon Lofts Group, LLC, Second lien 62024-09-300001901606Salon Lofts Group, LLC, Senior secured 142024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:SpecialtyRetailSectorMember2024-09-300001901606Vessco Midco Holdings, LLC, One stop 12024-09-300001901606Vessco Midco Holdings, LLC, One stop 22024-09-300001901606Vessco Midco Holdings, LLC, One stop 32024-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:WaterUtilitiesSectorMember2024-09-300001901606us-gaap:DebtSecuritiesMember2024-09-300001901606PPW Aero Buyer, Inc., LP units2024-09-300001901606CAP-KSI Holdings, LLC, LP units2024-09-300001901606CAP-KSI Holdings, LLC, Preferred stock2024-09-300001901606National Express Wash Parent Holdco, LLC, LP units2024-09-300001901606Quick Quack Car Wash Holdings, LLC, LP units2024-09-300001901606Quick Quack Car Wash Holdings, LLC, LLC units2024-09-300001901606Yorkshire Parent, Inc., LP units2024-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:AutomobilesSectorMember2024-09-300001901606FR Vision Holdings, Inc., LP units2024-09-300001901606CHVAC Services Investment, LLC, Common stock2024-09-300001901606DP Flores Holdings, LLC, LLC units2024-09-300001901606HS Spa Holdings, Inc., Common stock2024-09-300001901606NSG Buyer, Inc., LP units2024-09-300001901606Virginia Green Acquisition, LLC, LP units2024-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2024-09-300001901606Amberfield Acquisition Co., LLC units2024-09-300001901606PB Group Holdings, LLC, LP units2024-09-300001901606Oakbridge Insurance Agency LLC, LP units2024-09-300001901606Critical Start, Inc., Common stock2024-09-300001901606Netwrix Corporation, LLC units2024-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:ITServicesSectorMember2024-09-300001901606Movement Holdings, LLC, LLC units2024-09-300001901606Celerion Buyer, Inc., LP units 12024-09-300001901606Celerion Buyer, Inc., LP units 22024-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2024-09-300001901606Eclipse Buyer, Inc., Preferred stock2024-09-300001901606Anaplan, Inc., LP interest2024-09-300001901606CB Buyer, Inc., LP units2024-09-300001901606Cynet Security Ltd., Preferred stock2024-09-300001901606GTY Technology Holdings, Inc., LP units2024-09-300001901606Gurobi Optimization, LLC, Common stock2024-09-300001901606Kaseya Inc., Preferred stock2024-09-300001901606Kaseya Inc., LP interest2024-09-300001901606Onit, Inc., Preferred stock2024-09-300001901606Onit, Inc., Warrant2024-09-300001901606Panzura, LLC, LLC units2024-09-300001901606Templafy APS and Templafy, LLC, Warrant2024-09-300001901606Togetherwork Holdings, LLC, Preferred stock2024-09-300001901606Zendesk, Inc., LP units2024-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:SoftwareSectorMember2024-09-300001901606Salon Lofts Group, LLC, LP units2024-09-300001901606us-gaap:EquitySecuritiesMember2024-09-300001901606Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio Institutional Share Class (CUSIP 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Aero Buyer, Inc. | One stop 12025-12-310001901606PPW Aero Buyer, Inc. | One stop 22025-12-310001901606PPW Aero Buyer, Inc. | One stop 32025-12-310001901606PPW Aero Buyer, Inc. | One stop 42025-12-310001901606PPW Aero Buyer, Inc. | One stop 52025-12-310001901606PPW Aero Buyer, Inc. | One stop 62025-12-310001901606PPW Aero Buyer, Inc. | One stop 72025-12-310001901606Titan BW Borrower L.P. | One stop 12025-12-310001901606Titan BW Borrower L.P. | One stop 22025-12-310001901606Titan BW Borrower L.P. | One stop 32025-12-310001901606Jeppesen Holdings, LLC | One stop 12025-12-310001901606Jeppesen Holdings, LLC | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:AerospaceDefenseSectorMember2025-12-310001901606RJW Group Holdings, Inc. | One stop 12025-12-310001901606RJW Group Holdings, Inc. | One stop 22025-12-310001901606RJW Group Holdings, Inc. | One stop 32025-12-310001901606RJW Group Holdings, Inc. | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:AirFreightLogisticsSectorMember2025-12-310001901606Arnott, LLC | One stop 12025-12-310001901606Arnott, LLC | One stop 22025-12-310001901606Collision SP Subco, LLC | One stop 12025-12-310001901606Collision SP Subco, LLC | One stop 22025-12-310001901606Collision SP Subco, LLC | One stop 32025-12-310001901606Collision SP Subco, LLC | One stop 42025-12-310001901606Collision SP Subco, LLC | One stop 52025-12-310001901606OEConnection, LLC | One stop 12025-12-310001901606OEConnection, LLC | One stop 22025-12-310001901606OEConnection, LLC | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:AutoComponentsSectorMember2025-12-310001901606CAP-KSI Holdings, LLC | One stop 12025-12-310001901606CAP-KSI Holdings, LLC | One stop 22025-12-310001901606Lincoln Acq Buyer, LLC | One stop 12025-12-310001901606Lincoln Acq Buyer, LLC | One stop 22025-12-310001901606Lincoln Acq Buyer, LLC | One stop 32025-12-310001901606National Express Wash Parent Holdco, LLC | One stop 12025-12-310001901606National Express Wash Parent Holdco, LLC | One stop 22025-12-310001901606National Express Wash Parent Holdco, LLC | One stop 32025-12-310001901606National Express Wash Parent Holdco, LLC | One stop 42025-12-310001901606Quick Quack Car Wash Holdings, LLC | One stop 12025-12-310001901606Quick Quack Car Wash Holdings, LLC | One stop 22025-12-310001901606Quick Quack Car Wash Holdings, LLC | One stop 32025-12-310001901606Quick Quack Car Wash Holdings, LLC | One stop 42025-12-310001901606Quick Quack Car Wash Holdings, LLC | One stop 52025-12-310001901606TWAS Holdings, LLC | One stop 12025-12-310001901606TWAS Holdings, LLC | One stop 22025-12-310001901606Yorkshire Parent, Inc. | One stop 12025-12-310001901606Yorkshire Parent, Inc. | One stop 22025-12-310001901606Yorkshire Parent, Inc. | One stop 32025-12-310001901606Yorkshire Parent, Inc. | One stop 42025-12-310001901606Yorkshire Parent, Inc. | One stop 52025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:AutomobilesSectorMember2025-12-310001901606Empyrean Solutions, LLC | One stop 12025-12-310001901606Empyrean Solutions, LLC | One stop 22025-12-310001901606Empyrean Solutions, LLC | One stop 32025-12-310001901606OSP Hamilton Purchaser, LLC | One stop 12025-12-310001901606OSP Hamilton Purchaser, LLC | One stop 22025-12-310001901606OSP Hamilton Purchaser, LLC | One stop 32025-12-310001901606OSP Hamilton Purchaser, LLC | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:BanksSectorMember2025-12-310001901606Financial Information Technologies, LLC | One stop 12025-12-310001901606Financial Information Technologies, LLC | One stop 22025-12-310001901606Financial Information Technologies, LLC | One stop 32025-12-310001901606Financial Information Technologies, LLC | One stop 42025-12-310001901606Spindrift Beverage Co. Inc. | One stop 12025-12-310001901606Spindrift Beverage Co. Inc. | One stop 22025-12-310001901606Spindrift Beverage Co. Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:BeveragesSectorMember2025-12-310001901606BECO Holding Company, Inc. | One stop 12025-12-310001901606BECO Holding Company, Inc. | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:BuildingProductsSectorMember2025-12-310001901606BlueMatrix Holdings, LLC | One stop 12025-12-310001901606BlueMatrix Holdings, LLC | One stop 22025-12-310001901606BlueMatrix Holdings, LLC | One stop 32025-12-310001901606BlueMatrix Holdings, LLC | One stop 42025-12-310001901606BlueMatrix Holdings, LLC | One stop 52025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:CapitalMarketsSectorMember2025-12-310001901606AP Adhesives Holdings, LLC | One stop 12025-12-310001901606AP Adhesives Holdings, LLC | One stop 22025-12-310001901606AP Adhesives Holdings, LLC | One stop 32025-12-310001901606JSG II, Inc. and Checkers USA, Inc. | One stop 12025-12-310001901606JSG II, Inc. and Checkers USA, Inc. | One stop 22025-12-310001901606JSG II, Inc. and Checkers USA, Inc. | One stop 32025-12-310001901606Krayden Holdings, Inc. | Senior secured 12025-12-310001901606Krayden Holdings, Inc. | Senior secured 22025-12-310001901606Krayden Holdings, Inc. | Senior secured 32025-12-310001901606us-gaap:DebtSecuritiesMemberus-gaap:ChemicalsSectorMember2025-12-310001901606CHA Vision Holdings, Inc. | One stop 12025-12-310001901606CHA Vision Holdings, Inc. | One stop 22025-12-310001901606CHA Vision Holdings, Inc. | One stop 32025-12-310001901606CHA Vision Holdings, Inc. | One stop 42025-12-310001901606CHA Vision Holdings, Inc. | One stop 52025-12-310001901606Dispatch Acquisition Holdings, LLC | One stop 12025-12-310001901606Dispatch Acquisition Holdings, LLC | One stop 22025-12-310001901606Kleinfelder Intermediate, LLC | One stop 12025-12-310001901606Kleinfelder Intermediate, LLC | One stop 22025-12-310001901606Kleinfelder Intermediate, LLC | One stop 32025-12-310001901606Pearl Acquisition Buyer, Inc. | One stop 12025-12-310001901606Pearl Acquisition Buyer, Inc. | One stop 22025-12-310001901606Pearl Acquisition Buyer, Inc. | One stop 32025-12-310001901606PSC Parent, Inc. | One stop 12025-12-310001901606PSC Parent, Inc. | One stop 22025-12-310001901606PSC Parent, Inc. | One stop 32025-12-310001901606PSC Parent, Inc. | One stop 42025-12-310001901606Trinity Air Consultants Holdings Corporation | One stop 12025-12-310001901606Trinity Air Consultants Holdings Corporation | One stop 22025-12-310001901606Trinity Air Consultants Holdings Corporation | One stop 32025-12-310001901606Trinity Air Consultants Holdings Corporation | One stop 42025-12-310001901606Trinity Air Consultants Holdings Corporation | One stop 52025-12-310001901606WRE Holding Corp. | One stop 12025-12-310001901606WRE Holding Corp. | One stop 22025-12-310001901606WRE Holding Corp. | One stop 32025-12-310001901606WRE Holding Corp. | One stop 42025-12-310001901606WRE Holding Corp. | One stop 52025-12-310001901606WRE Holding Corp. | One stop 62025-12-310001901606WRE Holding Corp. | One stop 72025-12-310001901606WRE Holding Corp. | One stop 82025-12-310001901606WRE Holding Corp. | One stop 92025-12-310001901606WRE Holding Corp. | One stop 102025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:CommercialServicesSuppliesSectorMember2025-12-310001901606Consor Intermediate II, LLC | One stop 12025-12-310001901606Consor Intermediate II, LLC | One stop 22025-12-310001901606Consor Intermediate II, LLC | One stop 32025-12-310001901606DCCM, LLC | One stop 12025-12-310001901606DCCM, LLC | One stop 22025-12-310001901606DCCM, LLC | One stop 32025-12-310001901606Royal Holdco Corporation | One stop 12025-12-310001901606Royal Holdco Corporation | One stop 22025-12-310001901606Royal Holdco Corporation | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:ConstructionEngineeringSectorMember2025-12-310001901606ABC Legal Holdings, LLC | One stop 12025-12-310001901606ABC Legal Holdings, LLC | One stop 22025-12-310001901606ABC Legal Holdings, LLC | One stop 32025-12-310001901606Action Termite Control, LLC | Senior secured 12025-12-310001901606Action Termite Control, LLC | Senior secured 22025-12-310001901606Action Termite Control, LLC | Senior secured 32025-12-310001901606Any Hour, LLC | One stop 12025-12-310001901606Any Hour, LLC | One stop 22025-12-310001901606Any Hour, LLC | One stop 32025-12-310001901606Any Hour, LLC | One stop 42025-12-310001901606Apex Service Partners, LLC | One stop 12025-12-310001901606Apex Service Partners, LLC | One stop 22025-12-310001901606Apex Service Partners, LLC | One stop 32025-12-310001901606Apex Service Partners, LLC | One stop 42025-12-310001901606Apex Service Partners, LLC | One stop 52025-12-310001901606Apex Service Partners, LLC | One stop 62025-12-310001901606Aptive Environmental, LLC | One stop 12025-12-310001901606Aptive Environmental, LLC | One stop 22025-12-310001901606Aptive Environmental, LLC | One stop 32025-12-310001901606CHVAC Services Investment, LLC | One stop 12025-12-310001901606CHVAC Services Investment, LLC | One stop 22025-12-310001901606CHVAC Services Investment, LLC | One stop 32025-12-310001901606CHVAC Services Investment, LLC | One stop 42025-12-310001901606Entomo Brands Acquisitions, Inc. | Senior secured 12025-12-310001901606Entomo Brands Acquisitions, Inc. | Senior secured 22025-12-310001901606Entomo Brands Acquisitions, Inc. | Senior secured 32025-12-310001901606HS Spa Holdings, Inc. | One stop 12025-12-310001901606HS Spa Holdings, Inc. | One stop 22025-12-310001901606HS Spa Holdings, Inc. | One stop 32025-12-310001901606Kodiak Buyer, LLC | One stop 12025-12-310001901606Kodiak Buyer, LLC | One stop 22025-12-310001901606Kodiak Buyer, LLC | One stop 32025-12-310001901606Litera Bidco, LLC | One stop 12025-12-310001901606Litera Bidco, LLC | One stop 22025-12-310001901606Litera Bidco, LLC | One stop 32025-12-310001901606Litera Bidco, LLC | One stop 42025-12-310001901606NSG Buyer, Inc. | One stop 12025-12-310001901606NSG Buyer, Inc. | One stop 22025-12-310001901606NSG Buyer, Inc. | One stop 32025-12-310001901606Salisbury House, LLC | One stop 12025-12-310001901606Salisbury House, LLC | One stop 22025-12-310001901606Salisbury House, LLC | One stop 32025-12-310001901606SCP CDH Buyer, Inc. | One stop 12025-12-310001901606SCP CDH Buyer, Inc. | One stop 22025-12-310001901606SCP CDH Buyer, Inc. | One stop 32025-12-310001901606Severin Acquisition, LLC | One stop 12025-12-310001901606Severin Acquisition, LLC | One stop 22025-12-310001901606Severin Acquisition, LLC | One stop 32025-12-310001901606Stellar Brands, LLC | Senior secured 12025-12-310001901606Stellar Brands, LLC | Senior secured 22025-12-310001901606Virginia Green Acquisition, LLC | One stop 12025-12-310001901606Virginia Green Acquisition, LLC | One stop 22025-12-310001901606Virginia Green Acquisition, LLC | One stop 32025-12-310001901606Virginia Green Acquisition, LLC | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2025-12-310001901606Baker Tilly Advisory Group, LP | One stop 12025-12-310001901606Baker Tilly Advisory Group, LP | One stop 22025-12-310001901606Baker Tilly Advisory Group, LP | One stop 32025-12-310001901606Baker Tilly Advisory Group, LP | One stop 42025-12-310001901606Banker's Toolbox, Inc. | One stop 12025-12-310001901606Banker's Toolbox, Inc. | One stop 22025-12-310001901606Deerfield Dakota Holding, LLC | One stop 12025-12-310001901606Deerfield Dakota Holding, LLC | One stop 22025-12-310001901606Equity Methods, LLC | One stop 12025-12-310001901606Equity Methods, LLC | One stop 22025-12-310001901606Equity Methods, LLC | One stop 32025-12-310001901606Higginbotham Insurance Agency, Inc. | One stop 12025-12-310001901606Higginbotham Insurance Agency, Inc. | One stop 22025-12-310001901606Higginbotham Insurance Agency, Inc. | One stop 32025-12-310001901606Wealth Enhancement Group, LLC | One stop 12025-12-310001901606Wealth Enhancement Group, LLC | One stop 22025-12-310001901606Wealth Enhancement Group, LLC | One stop 32025-12-310001901606Wealth Enhancement Group, LLC | One stop 42025-12-310001901606Wealth Enhancement Group, LLC | One stop 52025-12-310001901606Wealth Enhancement Group, LLC | One stop 62025-12-310001901606Wealth Enhancement Group, LLC | One stop 72025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedFinancialServicesSectorMember2025-12-310001901606Smart Energy Systems, Inc. | One stop 12025-12-310001901606Smart Energy Systems, Inc. | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricUtilitiesSectorMember2025-12-310001901606Power Grid Holdings, Inc. | One stop 12025-12-310001901606Power Grid Holdings, Inc. | One stop 22025-12-310001901606Wildcat TopCo, Inc. | One stop 12025-12-310001901606Wildcat TopCo, Inc. | One stop 22025-12-310001901606Wildcat TopCo, Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricalEquipmentSectorMember2025-12-310001901606CST Holding Company | One stop 12025-12-310001901606CST Holding Company | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:ElectronicEquipmentInstrumentsComponentsSectorMember2025-12-310001901606GMF Parent, Inc. | One stop 12025-12-310001901606GMF Parent, Inc. | One stop 22025-12-310001901606GMF Parent, Inc. | One stop 32025-12-310001901606GMF Parent, Inc. | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:FoodAndStaplesRetailingSectorMember2025-12-310001901606Blast Bidco Inc. | One stop 12025-12-310001901606Blast Bidco Inc. | One stop 22025-12-310001901606Eagle Family Foods Group, LLC | One stop 12025-12-310001901606Eagle Family Foods Group, LLC | One stop 22025-12-310001901606Zullas, L.C. | One stop 12025-12-310001901606Zullas, L.C. | One stop 22025-12-310001901606Zullas, L.C. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:FoodProductsSectorMember2025-12-310001901606Bayou Intermediate II, LLC | One stop 12025-12-310001901606Bayou Intermediate II, LLC | One stop 22025-12-310001901606Bayou Intermediate II, LLC | One stop 32025-12-310001901606Belmont Instrument, LLC | One stop 12025-12-310001901606Belmont Instrument, LLC | One stop 22025-12-310001901606Blades Buyer, Inc. | Senior secured 12025-12-310001901606Blades Buyer, Inc. | Senior secured 22025-12-310001901606CCSL Holdings, LLC | One stop2025-12-310001901606Centegix Intermediate II, LLC | One stop 12025-12-310001901606Centegix Intermediate II, LLC | One stop 22025-12-310001901606Centegix Intermediate II, LLC | One stop 32025-12-310001901606HuFriedy Group Acquisition, LLC | One stop 12025-12-310001901606HuFriedy Group Acquisition, LLC | One stop 22025-12-310001901606HuFriedy Group Acquisition, LLC | One stop 32025-12-310001901606HuFriedy Group Acquisition, LLC | One stop 42025-12-310001901606Isto Group, Inc. | One stop 12025-12-310001901606Isto Group, Inc. | One stop 22025-12-310001901606Isto Group, Inc. | One stop 32025-12-310001901606RTI Surgical, Inc. | One stop 12025-12-310001901606RTI Surgical, Inc. | One stop 22025-12-310001901606TIDI Legacy Products, Inc. | One stop 12025-12-310001901606TIDI Legacy Products, Inc. | One stop 22025-12-310001901606TIDI Legacy Products, Inc. | One stop 32025-12-310001901606YI, LLC | One stop 12025-12-310001901606YI, LLC | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareEquipmentSuppliesSectorMember2025-12-310001901606Active Day, Inc. | One stop 12025-12-310001901606Active Day, Inc. | One stop 22025-12-310001901606Active Day, Inc. | One stop 32025-12-310001901606Bamboo US Bidco LLC | One stop 12025-12-310001901606Bamboo US Bidco LLC | One stop 22025-12-310001901606Bamboo US Bidco LLC | One stop 32025-12-310001901606Bamboo US Bidco LLC | One stop 42025-12-310001901606Bamboo US Bidco LLC | One stop 52025-12-310001901606Bamboo US Bidco LLC | One stop 62025-12-310001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 12025-12-310001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 22025-12-310001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 32025-12-310001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 42025-12-310001901606BHG Holdings, LLC | One stop 12025-12-310001901606BHG Holdings, LLC | One stop 22025-12-310001901606BHG Holdings, LLC | One stop 32025-12-310001901606Community Care Partners, LLC | One stop2025-12-310001901606HP TLE Buyer, Inc. | One stop 12025-12-310001901606HP TLE Buyer, Inc. | One stop 22025-12-310001901606LOV Acquisition LLC | Senior secured 12025-12-310001901606LOV Acquisition LLC | Senior secured 22025-12-310001901606Premise Health Holding Corp. | One stop 12025-12-310001901606Premise Health Holding Corp. | One stop 22025-12-310001901606Premise Health Holding Corp. | One stop 32025-12-310001901606Premise Health Holding Corp. | One stop 42025-12-310001901606PPV Intermediate Holdings, LLC | One stop 12025-12-310001901606PPV Intermediate Holdings, LLC | One stop 22025-12-310001901606PPV Intermediate Holdings, LLC | One stop 32025-12-310001901606PPV Intermediate Holdings, LLC | One stop 42025-12-310001901606PPV Intermediate Holdings, LLC | One stop 52025-12-310001901606PPV Intermediate Holdings, LLC | One stop 62025-12-310001901606PPV Intermediate Holdings, LLC | One stop 72025-12-310001901606PPV Intermediate Holdings, LLC | One stop 82025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareProvidersServicesSectorMember2025-12-310001901606Amberfield Acquisition Co. | One stop 12025-12-310001901606Amberfield Acquisition Co. | One stop 22025-12-310001901606Amberfield Acquisition Co. | One stop 32025-12-310001901606Color Intermediate, LLC | Senior secured2025-12-310001901606Crow River Buyer, Inc. | One stop 12025-12-310001901606Crow River Buyer, Inc. | One stop 22025-12-310001901606Crow River Buyer, Inc. | One stop 32025-12-310001901606GHX Ultimate Parent Corporation | One stop 12025-12-310001901606GHX Ultimate Parent Corporation | One stop 22025-12-310001901606Healthmark Holdings, L.P. | One stop 12025-12-310001901606Healthmark Holdings, L.P. | One stop 22025-12-310001901606Healthmark Holdings, L.P. | One stop 32025-12-310001901606Kona Buyer, LLC | One stop 12025-12-310001901606Kona Buyer, LLC | One stop 22025-12-310001901606Kona Buyer, LLC | One stop 32025-12-310001901606Kona Buyer, LLC | One stop 42025-12-310001901606Kona Buyer, LLC | One stop 52025-12-310001901606Kona Buyer, LLC | One stop 62025-12-310001901606Kona Buyer, LLC | One stop 72025-12-310001901606Kona Buyer, LLC | One stop 82025-12-310001901606Modernizing Medicine, Inc. | One stop 12025-12-310001901606Modernizing Medicine, Inc. | One stop 22025-12-310001901606Neptune Holdings, Inc. | One stop 12025-12-310001901606Neptune Holdings, Inc. | One stop 22025-12-310001901606Netsmart Technologies, Inc. | One stop 12025-12-310001901606Netsmart Technologies, Inc. | One stop 22025-12-310001901606Netsmart Technologies, Inc. | One stop 32025-12-310001901606Netsmart Technologies, Inc. | One stop 42025-12-310001901606Plasma Buyer LLC | One stop 12025-12-310001901606Plasma Buyer LLC | One stop 22025-12-310001901606Plasma Buyer LLC | One stop 32025-12-310001901606QF Holdings, Inc. | One stop 12025-12-310001901606QF Holdings, Inc. | One stop 22025-12-310001901606QF Holdings, Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareTechnologySectorMember2025-12-310001901606Barteca Restaurants, LLC | One stop 12025-12-310001901606Barteca Restaurants, LLC | One stop 22025-12-310001901606Barteca Restaurants, LLC | One stop 32025-12-310001901606Barteca Restaurants, LLC | One stop 42025-12-310001901606CB Sports Holdings Bidco, LLC | One stop 12025-12-310001901606CB Sports Holdings Bidco, LLC | One stop 22025-12-310001901606CB Sports Holdings Bidco, LLC | One stop 32025-12-310001901606CB Sports Holdings Bidco, LLC | One stop 42025-12-310001901606CR Fitness Holdings, LLC | Senior secured 12025-12-310001901606CR Fitness Holdings, LLC | Senior secured 22025-12-310001901606CR Fitness Holdings, LLC | Senior secured 32025-12-310001901606Crumbl Enterprises, LLC | One stop 12025-12-310001901606Crumbl Enterprises, LLC | One stop 22025-12-310001901606ESN Venture Holdings, LLC | One stop 12025-12-310001901606ESN Venture Holdings, LLC | One stop 22025-12-310001901606ESN Venture Holdings, LLC | One stop 32025-12-310001901606ESN Venture Holdings, LLC | One stop 42025-12-310001901606ESN Venture Holdings, LLC | One stop 52025-12-310001901606ESN Venture Holdings, LLC | One stop 62025-12-310001901606ESN Venture Holdings, LLC | One stop 72025-12-310001901606ESN Venture Holdings, LLC | One stop 82025-12-310001901606ESN Venture Holdings, LLC | One stop 92025-12-310001901606ESN Venture Holdings, LLC | One stop 102025-12-310001901606GFP Atlantic Holdco 2, LLC | One stop 12025-12-310001901606GFP Atlantic Holdco 2, LLC | One stop 22025-12-310001901606Health Buyer, LLC | Senior secured 12025-12-310001901606Health Buyer, LLC | Senior secured 22025-12-310001901606Health Buyer, LLC | Senior secured 32025-12-310001901606Olo Parent, Inc. | One stop 12025-12-310001901606Olo Parent, Inc. | One stop 22025-12-310001901606Patriot Acquireco, LLC | One stop 12025-12-310001901606Patriot Acquireco, LLC | One stop 22025-12-310001901606PB Group Holdings, LLC | One stop 12025-12-310001901606PB Group Holdings, LLC | One stop 22025-12-310001901606QSR Acquisition Co. | One stop 12025-12-310001901606QSR Acquisition Co. | One stop 22025-12-310001901606QSR Acquisition Co. | One stop 32025-12-310001901606Saguaro Buyer, LLC | One stop 12025-12-310001901606Saguaro Buyer, LLC | One stop 22025-12-310001901606Saguaro Buyer, LLC | One stop 32025-12-310001901606Saguaro Buyer, LLC | One stop 42025-12-310001901606SDC Holdco, LLC | One stop 12025-12-310001901606SDC Holdco, LLC | One stop 22025-12-310001901606SSRG Holdings, LLC | One stop 12025-12-310001901606SSRG Holdings, LLC | One stop 22025-12-310001901606YE Brands Holding, LLC | One stop 12025-12-310001901606YE Brands Holding, LLC | One stop 22025-12-310001901606YE Brands Holding, LLC | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:HotelsRestaurantsLeisureSectorMember2025-12-310001901606TLB Holdings I, LLC | One stop 12025-12-310001901606TLB Holdings I, LLC | One stop 22025-12-310001901606TLB Holdings I, LLC | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:HouseholdDurablesMember2025-12-310001901606WU Holdco, Inc. | One stop 12025-12-310001901606WU Holdco, Inc. | One stop 22025-12-310001901606WU Holdco, Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:HouseholdProductsSectorMember2025-12-310001901606Dwyer Instruments, Inc. | One stop 12025-12-310001901606Dwyer Instruments, Inc. | One stop 22025-12-310001901606Dwyer Instruments, Inc. | One stop 32025-12-310001901606Dwyer Instruments, Inc. | One stop 42025-12-310001901606Dwyer Instruments, Inc. | One stop 52025-12-310001901606Essential Services Holdings Corporation | One stop 12025-12-310001901606Essential Services Holdings Corporation | One stop 22025-12-310001901606Essential Services Holdings Corporation | One stop 32025-12-310001901606Excelitas Technologies Corp. | One stop 12025-12-310001901606Excelitas Technologies Corp. | One stop 22025-12-310001901606Excelitas Technologies Corp. | One stop 32025-12-310001901606Excelitas Technologies Corp. | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:IndustrialConglomeratesSectorMember2025-12-310001901606Bellwether Buyer, LLC | One stop 12025-12-310001901606Bellwether Buyer, LLC | One stop 22025-12-310001901606Bellwether Buyer, LLC | One stop 32025-12-310001901606Captive Resources Midco, LLC | One stop 12025-12-310001901606Captive Resources Midco, LLC | One stop 22025-12-310001901606Doxa Insurance Holdings LLC | One stop 12025-12-310001901606Doxa Insurance Holdings LLC | One stop 22025-12-310001901606Doxa Insurance Holdings LLC | One stop 32025-12-310001901606Doxa Insurance Holdings LLC | One stop 42025-12-310001901606Huskies Parent, Inc. | One stop2025-12-310001901606Integrity Marketing Acquisition, LLC | One stop 12025-12-310001901606Integrity Marketing Acquisition, LLC | One stop 22025-12-310001901606Integrity Marketing Acquisition, LLC | One stop 32025-12-310001901606Koala Investment Holdings, Inc. | One stop 12025-12-310001901606Koala Investment Holdings, Inc. | One stop 22025-12-310001901606Koala Investment Holdings, Inc. | One stop 32025-12-310001901606Oakbridge Insurance Agency LLC | One stop 12025-12-310001901606Oakbridge Insurance Agency LLC | One stop 22025-12-310001901606Oakbridge Insurance Agency LLC | One stop 32025-12-310001901606Oakbridge Insurance Agency LLC | One stop 42025-12-310001901606Oakbridge Insurance Agency LLC | One stop 52025-12-310001901606Pareto Health Intermediate Holdings, Inc. | One stop 12025-12-310001901606Pareto Health Intermediate Holdings, Inc. | One stop 22025-12-310001901606Pareto Health Intermediate Holdings, Inc. | One stop 32025-12-310001901606Wasabi Lower Holdco, LLC | Senior secured 12025-12-310001901606Wasabi Lower Holdco, LLC | Senior secured 22025-12-310001901606World Insurance Associates, LLC | One stop 12025-12-310001901606World Insurance Associates, LLC | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMemberus-gaap:InsuranceSectorMember2025-12-310001901606CivicPlus, LLC | One stop 12025-12-310001901606CivicPlus, LLC | One stop 22025-12-310001901606Critical Start, Inc. | One stop 12025-12-310001901606Critical Start, Inc. | One stop 22025-12-310001901606Critical Start, Inc. | One stop 32025-12-310001901606Goldcup 31018 AB | One stop 12025-12-310001901606Goldcup 31018 AB | One stop 22025-12-310001901606Goldcup 31018 AB | One stop 32025-12-310001901606Netwrix Corporation | One stop 12025-12-310001901606Netwrix Corporation | One stop 22025-12-310001901606Netwrix Corporation | One stop 32025-12-310001901606Netwrix Corporation | One stop 42025-12-310001901606PDQ.com Corporation | One stop 12025-12-310001901606PDQ.com Corporation | One stop 22025-12-310001901606PDQ.com Corporation | One stop 32025-12-310001901606ReliaQuest Holdings, LLC | One stop 12025-12-310001901606ReliaQuest Holdings, LLC | One stop 22025-12-310001901606ReliaQuest Holdings, LLC | One stop 32025-12-310001901606ReliaQuest Holdings, LLC | One stop 42025-12-310001901606WPEngine, Inc. | One stop 12025-12-310001901606WPEngine, Inc. | One stop 22025-12-310001901606Zarya Holdco, Inc. | One stop 12025-12-310001901606Zarya Holdco, Inc. | One stop 22025-12-310001901606Zarya Holdco, Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:ITServicesSectorMember2025-12-310001901606Crunch Holdings, LLC | One stop 12025-12-310001901606Crunch Holdings, LLC | One stop 22025-12-310001901606Movement Holdings, LLC | One stop 12025-12-310001901606Movement Holdings, LLC | One stop 22025-12-310001901606Movement Holdings, LLC | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:LeisureProductsSectorMember2025-12-310001901606Celerion Buyer, Inc. | One stop 12025-12-310001901606Celerion Buyer, Inc. | One stop 22025-12-310001901606Celerion Buyer, Inc. | One stop 32025-12-310001901606Celerion Buyer, Inc. | One stop 42025-12-310001901606Diamondback Acquisition, Inc. | One stop 12025-12-310001901606Diamondback Acquisition, Inc. | One stop 22025-12-310001901606Diamondback Acquisition, Inc. | One stop 32025-12-310001901606PAS Parent Inc. | One stop 12025-12-310001901606PAS Parent Inc. | One stop 22025-12-310001901606PAS Parent Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2025-12-310001901606AI Titan Parent, Inc. | One stop 12025-12-310001901606AI Titan Parent, Inc. | One stop 22025-12-310001901606AI Titan Parent, Inc. | One stop 32025-12-310001901606Blackbird Purchaser, Inc. | One stop 12025-12-310001901606Blackbird Purchaser, Inc. | One stop 22025-12-310001901606Blackbird Purchaser, Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:MachinerySectorMember2025-12-310001901606Lotus Topco, Inc. | One stop 12025-12-310001901606Lotus Topco, Inc. | One stop 22025-12-310001901606Lotus Topco, Inc. | One stop 32025-12-310001901606Lotus Topco, Inc. | One stop 42025-12-310001901606Shout! Factory, LLC | One stop 12025-12-310001901606Shout! Factory, LLC | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:MediaSectorMember2025-12-310001901606Edition Holdings, Inc. | One stop 12025-12-310001901606Edition Holdings, Inc. | One stop 22025-12-310001901606Edition Holdings, Inc. | One stop 32025-12-310001901606Edition Holdings, Inc. | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:OilGasConsumableFuelsSectorMember2025-12-310001901606ACP Ulysses Buyer, Inc. | One stop2025-12-310001901606Caerus Midco 3 S.A.R.L. | One stop 12025-12-310001901606Caerus Midco 3 S.A.R.L. | One stop 22025-12-310001901606Caerus Midco 3 S.A.R.L. | One stop 32025-12-310001901606Creek Parent, Inc. | One stop 12025-12-310001901606Creek Parent, Inc. | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:PharmaceuticalsSectorMember2025-12-310001901606ALKU Intermediate Holdings, LLC | One stop 12025-12-310001901606ALKU Intermediate Holdings, LLC | One stop 22025-12-310001901606bswift, LLC | One stop 12025-12-310001901606bswift, LLC | One stop 22025-12-310001901606bswift, LLC | One stop 32025-12-310001901606Denali Intermediate Holdings, Inc. | One stop 12025-12-310001901606Denali Intermediate Holdings, Inc. | One stop 22025-12-310001901606DISA Holdings Corp. | Senior secured 12025-12-310001901606DISA Holdings Corp. | Subordinated debt2025-12-310001901606DISA Holdings Corp. | Senior secured 22025-12-310001901606DISA Holdings Corp. | One stop2025-12-310001901606DISA Holdings Corp. | Senior secured 32025-12-310001901606DISA Holdings Corp. | Senior secured 42025-12-310001901606DISA Holdings Corp. | Senior secured 52025-12-310001901606Eclipse Buyer, Inc. | One stop 12025-12-310001901606Eclipse Buyer, Inc. | One stop 22025-12-310001901606Eclipse Buyer, Inc. | One stop 32025-12-310001901606Varicent Intermediate Holdings Corporation | One stop 12025-12-310001901606Varicent Intermediate Holdings Corporation | One stop 22025-12-310001901606Varicent Intermediate Holdings Corporation | One stop 32025-12-310001901606Varicent Intermediate Holdings Corporation | One stop 42025-12-310001901606Varicent Intermediate Holdings Corporation | One stop 52025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:ProfessionalServicesSectorMember2025-12-310001901606Anaplan, Inc. | One stop 12025-12-310001901606Anaplan, Inc. | One stop 22025-12-310001901606Armstrong Bidco Limited | One stop 12025-12-310001901606Armstrong Bidco Limited | One stop 22025-12-310001901606Arrow Buyer, Inc. | One stop 12025-12-310001901606Arrow Buyer, Inc. | One stop 22025-12-310001901606Arrow Buyer, Inc. | One stop 32025-12-310001901606Artifact Bidco, Inc. | One stop 12025-12-310001901606Artifact Bidco, Inc. | One stop 22025-12-310001901606Artifact Bidco, Inc. | One stop 32025-12-310001901606Artifact Bidco, Inc. | One stop 42025-12-310001901606Azurite Intermediate Holdings, Inc. | One stop 12025-12-310001901606Azurite Intermediate Holdings, Inc. | One stop 22025-12-310001901606Azurite Intermediate Holdings, Inc. | One stop 32025-12-310001901606Baxter Planning Systems, LLC | One stop 12025-12-310001901606Baxter Planning Systems, LLC | One stop 22025-12-310001901606Baxter Planning Systems, LLC | One stop 32025-12-310001901606BestPass, Inc. | One stop 12025-12-310001901606BestPass, Inc. | One stop 22025-12-310001901606BestPass, Inc. | One stop 32025-12-310001901606Bloomerang, LLC | One stop 12025-12-310001901606Bloomerang, LLC | One stop 22025-12-310001901606Bloomerang, LLC | One stop 32025-12-310001901606Burning Glass Intermediate Holdings Company, Inc. | One stop 12025-12-310001901606Burning Glass Intermediate Holdings Company, Inc. | One stop 22025-12-310001901606CB Buyer, Inc. | One stop 12025-12-310001901606CB Buyer, Inc. | One stop 22025-12-310001901606CB Buyer, Inc. | One stop 32025-12-310001901606Coupa Holdings, LLC | One stop 12025-12-310001901606Coupa Holdings, LLC | One stop 22025-12-310001901606Coupa Holdings, LLC | One stop 32025-12-310001901606Crewline Buyer, Inc. | One stop 12025-12-310001901606Crewline Buyer, Inc. | One stop 22025-12-310001901606Einstein Parent, Inc. | One stop 12025-12-310001901606Einstein Parent, Inc. | One stop 22025-12-310001901606Espresso Bidco, Inc. | One stop 12025-12-310001901606Espresso Bidco, Inc. | One stop 22025-12-310001901606Espresso Bidco, Inc. | One stop 32025-12-310001901606Evergreen IX Borrower 2023, LLC | One stop 12025-12-310001901606Evergreen IX Borrower 2023, LLC | One stop 22025-12-310001901606Evergreen IX Borrower 2023, LLC | One stop 32025-12-310001901606Flexera Software, LLC | One stop 12025-12-310001901606Flexera Software, LLC | One stop 22025-12-310001901606Flexera Software, LLC | One stop 32025-12-310001901606Flexera Software, LLC | One stop 42025-12-310001901606GTY Technology Holdings, Inc. | One stop 12025-12-310001901606GTY Technology Holdings, Inc. | One stop 22025-12-310001901606GTY Technology Holdings, Inc. | One stop 32025-12-310001901606GTY Technology Holdings, Inc. | One stop 42025-12-310001901606GTY Technology Holdings, Inc. | One stop 52025-12-310001901606GTY Technology Holdings, Inc. | One stop 62025-12-310001901606GTY Technology Holdings, Inc. | One stop 72025-12-310001901606GTIV, LLC | One stop2025-12-310001901606Gurobi Optimization, LLC | One stop 12025-12-310001901606Gurobi Optimization, LLC | One stop 22025-12-310001901606Hyland Software, Inc. | One stop 12025-12-310001901606Hyland Software, Inc. | One stop 22025-12-310001901606Icefall Parent, Inc. | One stop 12025-12-310001901606Icefall Parent, Inc. | One stop 22025-12-310001901606ICIMS, Inc. | One stop 12025-12-310001901606ICIMS, Inc. | One stop 22025-12-310001901606IQN Holding Corp. | One stop 12025-12-310001901606IQN Holding Corp. | One stop 22025-12-310001901606IQN Holding Corp. | One stop 32025-12-310001901606Island Bidco AB | One stop 12025-12-310001901606Island Bidco AB | One stop 22025-12-310001901606Island Bidco AB | One stop 32025-12-310001901606Island Bidco AB | One stop 42025-12-310001901606Island Bidco AB | One stop 52025-12-310001901606LogicMonitor, Inc. | One stop 12025-12-310001901606LogicMonitor, Inc. | One stop 22025-12-310001901606LogicMonitor, Inc. | One stop 32025-12-310001901606Navex Global Holdings Corporation | One stop 12025-12-310001901606Navex Global Holdings Corporation | One stop 22025-12-310001901606Navex Global Holdings Corporation | One stop 32025-12-310001901606Onit, Inc. | One stop 12025-12-310001901606Onit, Inc. | One stop 22025-12-310001901606Onit, Inc. | One stop 32025-12-310001901606Onit, Inc. | One stop 42025-12-310001901606Panzura, LLC | One stop2025-12-310001901606Quant Buyer, Inc. | One stop 12025-12-310001901606Quant Buyer, Inc. | One stop 22025-12-310001901606Quant Buyer, Inc. | One stop 32025-12-310001901606Quant Buyer, Inc. | One stop 42025-12-310001901606Rainforest Bidco Limited | One stop 12025-12-310001901606Rainforest Bidco Limited | One stop 22025-12-310001901606Rainforest Bidco Limited | One stop 32025-12-310001901606Templafy APS and Templafy, LLC | One stop 12025-12-310001901606Templafy APS and Templafy, LLC | One stop 22025-12-310001901606Togetherwork Holdings, LLC | One stop 12025-12-310001901606Togetherwork Holdings, LLC | One stop 22025-12-310001901606Togetherwork Holdings, LLC | One stop 32025-12-310001901606Tricentis Operations Holdings, Inc. | One stop 12025-12-310001901606Tricentis Operations Holdings, Inc. | One stop 22025-12-310001901606Tricentis Operations Holdings, Inc. | One stop 32025-12-310001901606Vanco Payment Solutions, LLC | One stop 12025-12-310001901606Vanco Payment Solutions, LLC | One stop 22025-12-310001901606Viper Bidco, Inc. | One stop 12025-12-310001901606Viper Bidco, Inc. | One stop 22025-12-310001901606Viper Bidco, Inc. | One stop 32025-12-310001901606Viper Bidco, Inc. | One stop 42025-12-310001901606Viper Bidco, Inc. | One stop 52025-12-310001901606Zendesk, Inc. | One stop 12025-12-310001901606Zendesk, Inc. | One stop 22025-12-310001901606Zendesk, Inc. | One stop 32025-12-310001901606Zendesk, Inc. | One stop 42025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:SoftwareSectorMember2025-12-310001901606Biscuit Parent, LLC | One stop 12025-12-310001901606Biscuit Parent, LLC | One stop 22025-12-310001901606Biscuit Parent, LLC | One stop 32025-12-310001901606Cavender Stores L.P. | Senior secured2025-12-310001901606CVP Holdco, Inc. | One stop 12025-12-310001901606CVP Holdco, Inc. | One stop 22025-12-310001901606CVP Holdco, Inc. | One stop 32025-12-310001901606PetVet Care Centers LLC | One stop 12025-12-310001901606PetVet Care Centers LLC | One stop 22025-12-310001901606Radiance Borrower, LLC | One stop 12025-12-310001901606Radiance Borrower, LLC | One stop 22025-12-310001901606Salon Lofts Group, LLC | Senior secured 12025-12-310001901606Salon Lofts Group, LLC | Senior secured 22025-12-310001901606Salon Lofts Group, LLC | Senior secured 32025-12-310001901606Salon Lofts Group, LLC | Senior secured 42025-12-310001901606Salon Lofts Group, LLC | Second lien 12025-12-310001901606Salon Lofts Group, LLC | Senior secured 52025-12-310001901606Salon Lofts Group, LLC | Senior secured 62025-12-310001901606Salon Lofts Group, LLC | Senior secured 72025-12-310001901606Salon Lofts Group, LLC | Senior secured 82025-12-310001901606Salon Lofts Group, LLC | Senior secured 92025-12-310001901606Salon Lofts Group, LLC | Second lien 22025-12-310001901606Salon Lofts Group, LLC | Senior secured 102025-12-310001901606Salon Lofts Group, LLC | Senior secured 112025-12-310001901606Salon Lofts Group, LLC | Second lien 32025-12-310001901606Salon Lofts Group, LLC | Senior secured 122025-12-310001901606Salon Lofts Group, LLC | Second lien 42025-12-310001901606Salon Lofts Group, LLC | Second lien 52025-12-310001901606Salon Lofts Group, LLC | Senior secured 132025-12-310001901606Salon Lofts Group, LLC | Second lien 62025-12-310001901606Salon Lofts Group, LLC | Senior secured 142025-12-310001901606Salon Lofts Group, LLC | Senior secured 152025-12-310001901606Salon Lofts Group, LLC | Senior secured 162025-12-310001901606Salon Lofts Group, LLC | Second lien 72025-12-310001901606Salon Lofts Group, LLC | Second lien 82025-12-310001901606Salon Lofts Group, LLC | Senior secured 172025-12-310001901606VSG Acquisition Corp. and Sherrill, Inc. | One stop 12025-12-310001901606VSG Acquisition Corp. and Sherrill, Inc. | One stop 22025-12-310001901606VSG Acquisition Corp. and Sherrill, Inc. | One stop 32025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:SpecialtyRetailSectorMember2025-12-310001901606LDS Intermediate Holdings, LLC | One stop 12025-12-310001901606LDS Intermediate Holdings, LLC | One stop 22025-12-310001901606LDS Intermediate Holdings, LLC | One stop 32025-12-310001901606LDS Intermediate Holdings, LLC | One stop 42025-12-310001901606LDS Intermediate Holdings, LLC | One stop 52025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:TransportationInfrastructureSectorMember2025-12-310001901606Vessco Midco Holdings, LLC | One stop 12025-12-310001901606Vessco Midco Holdings, LLC | One stop 22025-12-310001901606Vessco Midco Holdings, LLC | One stop 32025-12-310001901606Vessco Midco Holdings, LLC | One stop 42025-12-310001901606Vessco Midco Holdings, LLC | One stop 52025-12-310001901606S.J. Electro Systems, LLC | One stop 12025-12-310001901606S.J. Electro Systems, LLC | One stop 22025-12-310001901606us-gaap:DebtSecuritiesMembergdlcu:WaterUtilitiesSectorMember2025-12-310001901606us-gaap:DebtSecuritiesMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:AerospaceDefenseSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:AirFreightLogisticsSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:AutoComponentsSectorMember2025-12-310001901606CAP-KSI Holdings, LLC | LLC interest2025-12-310001901606CAP-KSI Holdings, LLC | Preferred stock2025-12-310001901606National Express Wash Parent Holdco, LLC | LP interest2025-12-310001901606Quick Quack Car Wash Holdings, LLC | LLC units2025-12-310001901606Quick Quack Car Wash Holdings, LLC | LLC interest2025-12-310001901606Yorkshire Parent, Inc. | LP interest2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:AutomobilesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:BeveragesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:CommercialServicesSuppliesSectorMember2025-12-310001901606Action Termite Control, LLC | Preferred stock2025-12-310001901606Action Termite Control, LLC | Common stock2025-12-310001901606CHVAC Services Investment, LLC | Common stock2025-12-310001901606DP Flores Holdings, LLC | LLC interest2025-12-310001901606HS Spa Holdings, Inc. | Common stock2025-12-310001901606Kodiak Buyer, LLC | Common stock2025-12-310001901606NSG Buyer, Inc. | LP units2025-12-310001901606Virginia Green Acquisition, LLC | LP interest2025-12-310001901606SCP CDH Buyer, Inc. | Preferred stock2025-12-310001901606SCP CDH Buyer, Inc. | Common stock2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:ElectricUtilitiesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:ElectricalEquipmentSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:FoodAndStaplesRetailingSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:FoodProductsSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareEquipmentSuppliesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareProvidersServicesSectorMember2025-12-310001901606Amberfield Acquisition Co. | Common stock2025-12-310001901606Modernizing Medicine, Inc. | Preferred stock2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareTechnologySectorMember2025-12-310001901606Patriot Acquireco, LLC | Common stock2025-12-310001901606PB Group Holdings, LLC | LP interest2025-12-310001901606Saguaro Buyer, LLC | Common stock2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:HotelsRestaurantsLeisureSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMemberus-gaap:InsuranceSectorMember2025-12-310001901606Critical Start, Inc. | Common stock2025-12-310001901606Netwrix Corporation | LLC interest2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:ITServicesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:LeisureProductsSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:PharmaceuticalsSectorMember2025-12-310001901606Eclipse Buyer, Inc. | Preferred stock2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:ProfessionalServicesSectorMember2025-12-310001901606Anaplan, Inc. | LP interest2025-12-310001901606CB Buyer, Inc. | LP interest2025-12-310001901606Cynet Security Ltd. | Preferred stock2025-12-310001901606Energy Worldnet, LLC | LLC interest2025-12-310001901606GTY Technology Holdings, Inc. | LP interest2025-12-310001901606Gurobi Optimization, LLC | Common stock2025-12-310001901606Kaseya Inc. | Preferred stock2025-12-310001901606Kaseya Inc. | LP interest2025-12-310001901606LogicMonitor, Inc. | LP interest2025-12-310001901606Onit, Inc. | Common stock2025-12-310001901606Menlo Ridgeview Co-Invest, LLC | LLC interest2025-12-310001901606Navex Global Holdings Corporation | LP interest2025-12-310001901606Panzura, LLC | LLC units2025-12-310001901606StrongDM, Inc. | Preferred stock2025-12-310001901606Templafy APS and Templafy, LLC | Warrant2025-12-310001901606Togetherwork Holdings, LLC | Preferred stock2025-12-310001901606Tricentis Operations Holdings, Inc. | LP interest2025-12-310001901606Zendesk, Inc. | Common stock2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:SoftwareSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMembergdlcu:SpecialtyRetailSectorMember2025-12-310001901606us-gaap:EquitySecuritiesMember2025-12-310001901606Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio Institutional Share Class (CUSIP 61747C582)2025-12-310001901606gdlcu:NonQualifyingAssetMembergdlcu:AssetConcentrationRiskMembergdlcu:InvestmentsAtFairValueMember2025-10-012025-12-310001901606PPW Aero Buyer, Inc. | One stop 12025-09-300001901606PPW Aero Buyer, Inc. | One stop 22025-09-300001901606PPW Aero Buyer, Inc. | One stop 32025-09-300001901606PPW Aero Buyer, Inc. | One stop 42025-09-300001901606PPW Aero Buyer, Inc. | One stop 52025-09-300001901606PPW Aero Buyer, Inc. | One stop 62025-09-300001901606PPW Aero Buyer, Inc. | One stop 72025-09-300001901606Titan BW Borrower L.P. | One stop 12025-09-300001901606Titan BW Borrower L.P. | One stop 22025-09-300001901606Titan BW Borrower L.P. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AerospaceDefenseSectorMember2025-09-300001901606RJW Group Holdings, Inc. | One stop 12025-09-300001901606RJW Group Holdings, Inc. | One stop 22025-09-300001901606RJW Group Holdings, Inc. | One stop 32025-09-300001901606RJW Group Holdings, Inc. | One stop 42025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AirFreightLogisticsSectorMember2025-09-300001901606Arnott, LLC | One stop 12025-09-300001901606Arnott, LLC | One stop 22025-09-300001901606Collision SP Subco, LLC | One stop 12025-09-300001901606Collision SP Subco, LLC | One stop 22025-09-300001901606Collision SP Subco, LLC | One stop 32025-09-300001901606Collision SP Subco, LLC | One stop 42025-09-300001901606Collision SP Subco, LLC | One stop 52025-09-300001901606OEConnection, LLC | One stop 12025-09-300001901606OEConnection, LLC | One stop 22025-09-300001901606OEConnection, LLC | One stop 32025-09-300001901606OEConnection, LLC | One stop 42025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AutoComponentsSectorMember2025-09-300001901606CAP-KSI Holdings, LLC | One stop 12025-09-300001901606CAP-KSI Holdings, LLC | One stop 22025-09-300001901606National Express Wash Parent Holdco, LLC | One stop 12025-09-300001901606National Express Wash Parent Holdco, LLC | One stop 22025-09-300001901606National Express Wash Parent Holdco, LLC | One stop 32025-09-300001901606National Express Wash Parent Holdco, LLC | One stop 42025-09-300001901606Quick Quack Car Wash Holdings, LLC | One stop 12025-09-300001901606Quick Quack Car Wash Holdings, LLC | One stop 22025-09-300001901606Quick Quack Car Wash Holdings, LLC | One stop 32025-09-300001901606Quick Quack Car Wash Holdings, LLC | One stop 42025-09-300001901606Quick Quack Car Wash Holdings, LLC | One stop 52025-09-300001901606Yorkshire Parent, Inc. | One stop 12025-09-300001901606Yorkshire Parent, Inc. | One stop 22025-09-300001901606Yorkshire Parent, Inc. | One stop 32025-09-300001901606Yorkshire Parent, Inc. | One stop 42025-09-300001901606Yorkshire Parent, Inc. | One stop 52025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:AutomobilesSectorMember2025-09-300001901606Empyrean Solutions, LLC | One stop 12025-09-300001901606Empyrean Solutions, LLC | One stop 22025-09-300001901606Empyrean Solutions, LLC | One stop 32025-09-300001901606OSP Hamilton Purchaser, LLC | One stop 12025-09-300001901606OSP Hamilton Purchaser, LLC | One stop 22025-09-300001901606OSP Hamilton Purchaser, LLC | One stop 32025-09-300001901606OSP Hamilton Purchaser, LLC | One stop 42025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:BanksSectorMember2025-09-300001901606Financial Information Technologies, LLC | One stop 12025-09-300001901606Financial Information Technologies, LLC | One stop 22025-09-300001901606Financial Information Technologies, LLC | One stop 32025-09-300001901606Financial Information Technologies, LLC | One stop 42025-09-300001901606Financial Information Technologies, LLC | One stop 52025-09-300001901606Spindrift Beverage Co. Inc. | One stop 12025-09-300001901606Spindrift Beverage Co. Inc. | One stop 22025-09-300001901606Spindrift Beverage Co. Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:BeveragesSectorMember2025-09-300001901606BECO Holding Company, Inc. | One stop 12025-09-300001901606BECO Holding Company, Inc. | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:BuildingProductsSectorMember2025-09-300001901606BlueMatrix Holdings, LLC | One stop 12025-09-300001901606BlueMatrix Holdings, LLC | One stop 22025-09-300001901606BlueMatrix Holdings, LLC | One stop 32025-09-300001901606BlueMatrix Holdings, LLC | One stop 42025-09-300001901606BlueMatrix Holdings, LLC | One stop 52025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:CapitalMarketsSectorMember2025-09-300001901606AP Adhesives Holdings, LLC | One stop 12025-09-300001901606AP Adhesives Holdings, LLC | One stop 22025-09-300001901606AP Adhesives Holdings, LLC | One stop 32025-09-300001901606JSG II, Inc. and Checkers USA, Inc. | One stop 12025-09-300001901606JSG II, Inc. and Checkers USA, Inc. | One stop 22025-09-300001901606JSG II, Inc. and Checkers USA, Inc. | One stop 32025-09-300001901606Krayden Holdings, Inc. | Senior secured 12025-09-300001901606Krayden Holdings, Inc. | Senior secured 22025-09-300001901606Krayden Holdings, Inc. | Senior secured 32025-09-300001901606us-gaap:DebtSecuritiesMemberus-gaap:ChemicalsSectorMember2025-09-300001901606BradyIFS Holdings, LLC | One stop 12025-09-300001901606BradyIFS Holdings, LLC | One stop 22025-09-300001901606CHA Vision Holdings, Inc. | One stop 12025-09-300001901606CHA Vision Holdings, Inc. | One stop 22025-09-300001901606CHA Vision Holdings, Inc. | One stop 32025-09-300001901606CHA Vision Holdings, Inc. | One stop 42025-09-300001901606CHA Vision Holdings, Inc. | One stop 52025-09-300001901606Kleinfelder Intermediate, LLC | One stop 12025-09-300001901606Kleinfelder Intermediate, LLC | One stop 22025-09-300001901606Kleinfelder Intermediate, LLC | One stop 32025-09-300001901606North Haven Stack Buyer, LLC | One stop2025-09-300001901606North Haven Stack Buyer, LLC | Second lien2025-09-300001901606PSC Parent, Inc. | One stop 12025-09-300001901606PSC Parent, Inc. | One stop 22025-09-300001901606PSC Parent, Inc. | One stop 32025-09-300001901606PSC Parent, Inc. | One stop 42025-09-300001901606WRE Holding Corp. | One stop 12025-09-300001901606WRE Holding Corp. | One stop 22025-09-300001901606WRE Holding Corp. | One stop 32025-09-300001901606WRE Holding Corp. | One stop 42025-09-300001901606WRE Holding Corp. | One stop 52025-09-300001901606WRE Holding Corp. | One stop 62025-09-300001901606WRE Holding Corp. | One stop 72025-09-300001901606WRE Holding Corp. | One stop 82025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:CommercialServicesSuppliesSectorMember2025-09-300001901606Consor Intermediate II, LLC | One stop 12025-09-300001901606Consor Intermediate II, LLC | One stop 22025-09-300001901606Consor Intermediate II, LLC | One stop 32025-09-300001901606DCCM, LLC | One stop 12025-09-300001901606DCCM, LLC | One stop 22025-09-300001901606DCCM, LLC | One stop 32025-09-300001901606Royal Holdco Corporation | One stop 12025-09-300001901606Royal Holdco Corporation | One stop 22025-09-300001901606Royal Holdco Corporation | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ConstructionEngineeringSectorMember2025-09-300001901606ABC Legal Holdings, LLC | One stop 12025-09-300001901606ABC Legal Holdings, LLC | One stop 22025-09-300001901606ABC Legal Holdings, LLC | One stop 32025-09-300001901606Any Hour, LLC | One stop 12025-09-300001901606Any Hour, LLC | One stop 22025-09-300001901606Any Hour, LLC | One stop 32025-09-300001901606Any Hour, LLC | One stop 42025-09-300001901606Apex Service Partners, LLC | One stop 12025-09-300001901606Apex Service Partners, LLC | One stop 22025-09-300001901606Apex Service Partners, LLC | One stop 32025-09-300001901606Apex Service Partners, LLC | One stop 42025-09-300001901606Apex Service Partners, LLC | One stop 52025-09-300001901606Apex Service Partners, LLC | One stop 62025-09-300001901606CHVAC Services Investment, LLC | One stop 12025-09-300001901606CHVAC Services Investment, LLC | One stop 22025-09-300001901606CHVAC Services Investment, LLC | One stop 32025-09-300001901606CHVAC Services Investment, LLC | One stop 42025-09-300001901606Entomo Brands Acquisitions, Inc. | Senior secured 12025-09-300001901606Entomo Brands Acquisitions, Inc. | Senior secured 22025-09-300001901606Entomo Brands Acquisitions, Inc. | Senior secured 32025-09-300001901606HS Spa Holdings, Inc. | One stop 12025-09-300001901606HS Spa Holdings, Inc. | One stop 22025-09-300001901606HS Spa Holdings, Inc. | One stop 32025-09-300001901606Kodiak Buyer, LLC | One stop 12025-09-300001901606Kodiak Buyer, LLC | One stop 22025-09-300001901606Kodiak Buyer, LLC | One stop 32025-09-300001901606Litera Bidco, LLC | One stop 12025-09-300001901606Litera Bidco, LLC | One stop 22025-09-300001901606Litera Bidco, LLC | One stop 32025-09-300001901606Litera Bidco, LLC | One stop 42025-09-300001901606NSG Buyer, Inc. | One stop 12025-09-300001901606NSG Buyer, Inc. | One stop 22025-09-300001901606NSG Buyer, Inc. | One stop 32025-09-300001901606Salisbury House, LLC | One stop 12025-09-300001901606Salisbury House, LLC | One stop 22025-09-300001901606Salisbury House, LLC | One stop 32025-09-300001901606Severin Acquisition, LLC | One stop 12025-09-300001901606Severin Acquisition, LLC | One stop 22025-09-300001901606Severin Acquisition, LLC | One stop 32025-09-300001901606Stellar Brands, LLC | Senior secured 12025-09-300001901606Stellar Brands, LLC | Senior secured 22025-09-300001901606Virginia Green Acquisition, LLC | One stop 12025-09-300001901606Virginia Green Acquisition, LLC | One stop 22025-09-300001901606Virginia Green Acquisition, LLC | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2025-09-300001901606Baker Tilly Advisory Group, LP | One stop 12025-09-300001901606Baker Tilly Advisory Group, LP | One stop 22025-09-300001901606Baker Tilly Advisory Group, LP | One stop 32025-09-300001901606Baker Tilly Advisory Group, LP | One stop 42025-09-300001901606Deerfield Dakota Holding, LLC | One stop 12025-09-300001901606Deerfield Dakota Holding, LLC | One stop 22025-09-300001901606Equity Methods, LLC | One stop 12025-09-300001901606Equity Methods, LLC | One stop 22025-09-300001901606Equity Methods, LLC | One stop 32025-09-300001901606Higginbotham Insurance Agency, Inc. | One stop 12025-09-300001901606Higginbotham Insurance Agency, Inc. | One stop 22025-09-300001901606Wealth Enhancement Group, LLC | One stop 12025-09-300001901606Wealth Enhancement Group, LLC | One stop 22025-09-300001901606Wealth Enhancement Group, LLC | One stop 32025-09-300001901606Wealth Enhancement Group, LLC | One stop 42025-09-300001901606Wealth Enhancement Group, LLC | One stop 52025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:DiversifiedFinancialServicesSectorMember2025-09-300001901606Smart Energy Systems, Inc. | One stop 12025-09-300001901606Smart Energy Systems, Inc. | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricUtilitiesSectorMember2025-09-300001901606Power Grid Holdings, Inc. | One stop 12025-09-300001901606Power Grid Holdings, Inc. | One stop 22025-09-300001901606Wildcat TopCo, Inc. | One stop 12025-09-300001901606Wildcat TopCo, Inc. | One stop 22025-09-300001901606Wildcat TopCo, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectricalEquipmentSectorMember2025-09-300001901606CST Holding Company | One stop 12025-09-300001901606CST Holding Company | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ElectronicEquipmentInstrumentsComponentsSectorMember2025-09-300001901606Blast Bidco Inc. | One stop 12025-09-300001901606Blast Bidco Inc. | One stop 22025-09-300001901606Eagle Family Foods Group, LLC | One stop 12025-09-300001901606Eagle Family Foods Group, LLC | One stop 22025-09-300001901606Zullas, L.C. | One stop 12025-09-300001901606Zullas, L.C. | One stop 22025-09-300001901606Zullas, L.C. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:FoodProductsSectorMember2025-09-300001901606Belmont Instrument, LLC | One stop 12025-09-300001901606Belmont Instrument, LLC | One stop 22025-09-300001901606Centegix Intermediate II, LLC | One stop 12025-09-300001901606Centegix Intermediate II, LLC | One stop 22025-09-300001901606Centegix Intermediate II, LLC | One stop 32025-09-300001901606HuFriedy Group Acquisition, LLC | One stop 12025-09-300001901606HuFriedy Group Acquisition, LLC | One stop 22025-09-300001901606HuFriedy Group Acquisition, LLC | One stop 32025-09-300001901606Isto Group, Inc. | One stop 12025-09-300001901606Isto Group, Inc. | One stop 22025-09-300001901606Isto Group, Inc. | One stop 32025-09-300001901606RTI Surgical, Inc. | One stop 12025-09-300001901606RTI Surgical, Inc. | One stop 22025-09-300001901606TIDI Legacy Products, Inc. | One stop 12025-09-300001901606TIDI Legacy Products, Inc. | One stop 22025-09-300001901606TIDI Legacy Products, Inc. | One stop 32025-09-300001901606YI, LLC | One stop 12025-09-300001901606YI, LLC | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareEquipmentSuppliesSectorMember2025-09-300001901606Bamboo US Bidco LLC | One stop 12025-09-300001901606Bamboo US Bidco LLC | One stop 22025-09-300001901606Bamboo US Bidco LLC | One stop 32025-09-300001901606Bamboo US Bidco LLC | One stop 42025-09-300001901606Bamboo US Bidco LLC | One stop 52025-09-300001901606Bamboo US Bidco LLC | One stop 62025-09-300001901606Bayou Intermediate II, LLC | One stop 12025-09-300001901606Bayou Intermediate II, LLC | One stop 22025-09-300001901606Bayou Intermediate II, LLC | One stop 32025-09-300001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 12025-09-300001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 22025-09-300001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 32025-09-300001901606Benefit Plan Administrators of Eau Claire, LLC | One stop 42025-09-300001901606BHG Holdings, LLC | One stop 12025-09-300001901606BHG Holdings, LLC | One stop 22025-09-300001901606BHG Holdings, LLC | One stop 32025-09-300001901606Community Care Partners, LLC | One stop2025-09-300001901606HP TLE Buyer, Inc. | One stop 12025-09-300001901606HP TLE Buyer, Inc. | One stop 22025-09-300001901606LOV Acquisition LLC | Senior secured 12025-09-300001901606LOV Acquisition LLC | Senior secured 22025-09-300001901606Premise Health Holding Corp. | One stop 12025-09-300001901606Premise Health Holding Corp. | One stop 22025-09-300001901606PPV Intermediate Holdings, LLC | One stop 12025-09-300001901606PPV Intermediate Holdings, LLC | One stop 22025-09-300001901606PPV Intermediate Holdings, LLC | One stop 32025-09-300001901606PPV Intermediate Holdings, LLC | One stop 42025-09-300001901606PPV Intermediate Holdings, LLC | One stop 52025-09-300001901606PPV Intermediate Holdings, LLC | One stop 62025-09-300001901606PPV Intermediate Holdings, LLC | One stop 72025-09-300001901606PPV Intermediate Holdings, LLC | One stop 82025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareProvidersServicesSectorMember2025-09-300001901606Amberfield Acquisition Co. | One stop 12025-09-300001901606Amberfield Acquisition Co. | One stop 22025-09-300001901606Amberfield Acquisition Co. | One stop 32025-09-300001901606Color Intermediate, LLC | Senior secured2025-09-300001901606Crow River Buyer, Inc. | One stop 12025-09-300001901606Crow River Buyer, Inc. | One stop 22025-09-300001901606Crow River Buyer, Inc. | One stop 32025-09-300001901606GHX Ultimate Parent Corporation | One stop 12025-09-300001901606GHX Ultimate Parent Corporation | One stop 22025-09-300001901606Healthmark Holdings, L.P. | One stop 12025-09-300001901606Healthmark Holdings, L.P. | One stop 22025-09-300001901606Healthmark Holdings, L.P. | One stop 32025-09-300001901606Kona Buyer, LLC | One stop 12025-09-300001901606Kona Buyer, LLC | One stop 22025-09-300001901606Kona Buyer, LLC | One stop 32025-09-300001901606Kona Buyer, LLC | One stop 42025-09-300001901606Kona Buyer, LLC | One stop 52025-09-300001901606Kona Buyer, LLC | One stop 62025-09-300001901606Kona Buyer, LLC | One stop 72025-09-300001901606Kona Buyer, LLC | One stop 82025-09-300001901606Modernizing Medicine, Inc. | One stop 12025-09-300001901606Modernizing Medicine, Inc. | One stop 22025-09-300001901606Neptune Holdings, Inc. | One stop 12025-09-300001901606Neptune Holdings, Inc. | One stop 22025-09-300001901606Netsmart Technologies, Inc. | One stop 12025-09-300001901606Netsmart Technologies, Inc. | One stop 22025-09-300001901606Netsmart Technologies, Inc. | One stop 32025-09-300001901606Plasma Buyer LLC | One stop 12025-09-300001901606Plasma Buyer LLC | One stop 22025-09-300001901606Plasma Buyer LLC | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HealthcareTechnologySectorMember2025-09-300001901606Barteca Restaurants, LLC | One stop 12025-09-300001901606Barteca Restaurants, LLC | One stop 22025-09-300001901606Barteca Restaurants, LLC | One stop 32025-09-300001901606Barteca Restaurants, LLC | One stop 42025-09-300001901606Crumbl Enterprises, LLC | One stop 12025-09-300001901606Crumbl Enterprises, LLC | One stop 22025-09-300001901606ESN Venture Holdings, LLC | One stop 12025-09-300001901606ESN Venture Holdings, LLC | One stop 22025-09-300001901606ESN Venture Holdings, LLC | One stop 32025-09-300001901606ESN Venture Holdings, LLC | One stop 42025-09-300001901606ESN Venture Holdings, LLC | One stop 52025-09-300001901606ESN Venture Holdings, LLC | One stop 62025-09-300001901606ESN Venture Holdings, LLC | One stop 72025-09-300001901606ESN Venture Holdings, LLC | One stop 82025-09-300001901606ESN Venture Holdings, LLC | One stop 92025-09-300001901606GFP Atlantic Holdco 2, LLC | One stop 12025-09-300001901606GFP Atlantic Holdco 2, LLC | One stop 22025-09-300001901606Health Buyer, LLC | Senior secured 12025-09-300001901606Health Buyer, LLC | Senior secured 22025-09-300001901606Health Buyer, LLC | Senior secured 32025-09-300001901606Health Buyer, LLC | Senior secured 42025-09-300001901606Health Buyer, LLC | Senior secured 52025-09-300001901606Olo Parent, Inc. | One stop 12025-09-300001901606Olo Parent, Inc. | One stop 22025-09-300001901606Patriot Acquireco, LLC | One stop 12025-09-300001901606Patriot Acquireco, LLC | One stop 22025-09-300001901606PB Group Holdings, LLC | One stop 12025-09-300001901606PB Group Holdings, LLC | One stop 22025-09-300001901606QSR Acquisition Co. | One stop 12025-09-300001901606QSR Acquisition Co. | One stop 22025-09-300001901606QSR Acquisition Co. | One stop 32025-09-300001901606Saguaro Buyer, LLC | One stop 12025-09-300001901606Saguaro Buyer, LLC | One stop 22025-09-300001901606Saguaro Buyer, LLC | One stop 32025-09-300001901606Saguaro Buyer, LLC | One stop 42025-09-300001901606SDC Holdco, LLC | One stop 12025-09-300001901606SDC Holdco, LLC | One stop 22025-09-300001901606SSRG Holdings, LLC | One stop 12025-09-300001901606SSRG Holdings, LLC | One stop 22025-09-300001901606Super REGO, LLC | Subordinated debt2025-09-300001901606YE Brands Holding, LLC | One stop 12025-09-300001901606YE Brands Holding, LLC | One stop 22025-09-300001901606YE Brands Holding, LLC | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HotelsRestaurantsLeisureSectorMember2025-09-300001901606WU Holdco, Inc. | One stop 12025-09-300001901606WU Holdco, Inc. | One stop 22025-09-300001901606WU Holdco, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:HouseholdProductsSectorMember2025-09-300001901606Dwyer Instruments, Inc. | One stop 12025-09-300001901606Dwyer Instruments, Inc. | One stop 22025-09-300001901606Dwyer Instruments, Inc. | One stop 32025-09-300001901606Dwyer Instruments, Inc. | One stop 42025-09-300001901606Dwyer Instruments, Inc. | One stop 52025-09-300001901606Essential Services Holdings Corporation | One stop 12025-09-300001901606Essential Services Holdings Corporation | One stop 22025-09-300001901606Essential Services Holdings Corporation | One stop 32025-09-300001901606Excelitas Technologies Corp. | One stop 12025-09-300001901606Excelitas Technologies Corp. | One stop 22025-09-300001901606Excelitas Technologies Corp. | One stop 32025-09-300001901606Excelitas Technologies Corp. | One stop 42025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:IndustrialConglomeratesSectorMember2025-09-300001901606Bellwether Buyer, LLC | One stop 12025-09-300001901606Bellwether Buyer, LLC | One stop 22025-09-300001901606Bellwether Buyer, LLC | One stop 32025-09-300001901606Captive Resources Midco, LLC | One stop 12025-09-300001901606Captive Resources Midco, LLC | One stop 22025-09-300001901606Doxa Insurance Holdings LLC | One stop 12025-09-300001901606Doxa Insurance Holdings LLC | One stop 22025-09-300001901606Doxa Insurance Holdings LLC | One stop 32025-09-300001901606Doxa Insurance Holdings LLC | One stop 42025-09-300001901606Integrated Specialty Coverages, LLC | One stop 12025-09-300001901606Integrated Specialty Coverages, LLC | One stop 22025-09-300001901606Integrated Specialty Coverages, LLC | One stop 32025-09-300001901606Integrity Marketing Acquisition, LLC | One stop 12025-09-300001901606Integrity Marketing Acquisition, LLC | One stop 22025-09-300001901606Integrity Marketing Acquisition, LLC | One stop 32025-09-300001901606Koala Investment Holdings, Inc. | One stop 12025-09-300001901606Koala Investment Holdings, Inc. | One stop 22025-09-300001901606Koala Investment Holdings, Inc. | One stop 32025-09-300001901606Oakbridge Insurance Agency LLC | One stop 12025-09-300001901606Oakbridge Insurance Agency LLC | One stop 22025-09-300001901606Oakbridge Insurance Agency LLC | One stop 32025-09-300001901606Oakbridge Insurance Agency LLC | One stop 42025-09-300001901606Pareto Health Intermediate Holdings, Inc. | One stop 12025-09-300001901606Pareto Health Intermediate Holdings, Inc. | One stop 22025-09-300001901606Pareto Health Intermediate Holdings, Inc. | One stop 32025-09-300001901606Wasabi Lower Holdco, LLC | Senior secured 12025-09-300001901606Wasabi Lower Holdco, LLC | Senior secured 22025-09-300001901606World Insurance Associates, LLC | One stop 12025-09-300001901606World Insurance Associates, LLC | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMemberus-gaap:InsuranceSectorMember2025-09-300001901606Critical Start, Inc. | One stop 12025-09-300001901606Critical Start, Inc. | One stop 22025-09-300001901606Critical Start, Inc. | One stop 32025-09-300001901606Goldcup 31018 AB | One stop 12025-09-300001901606Goldcup 31018 AB | One stop 22025-09-300001901606Goldcup 31018 AB | One stop 32025-09-300001901606Netwrix Corporation | One stop 12025-09-300001901606Netwrix Corporation | One stop 22025-09-300001901606Netwrix Corporation | One stop 32025-09-300001901606Netwrix Corporation | One stop 42025-09-300001901606PDQ Intermediate, Inc. | Subordinated debt2025-09-300001901606ReliaQuest Holdings, LLC | One stop 12025-09-300001901606ReliaQuest Holdings, LLC | One stop 22025-09-300001901606ReliaQuest Holdings, LLC | One stop 32025-09-300001901606ReliaQuest Holdings, LLC | One stop 42025-09-300001901606WPEngine, Inc. | One stop 12025-09-300001901606WPEngine, Inc. | One stop 22025-09-300001901606Zarya Holdco, Inc. | One stop 12025-09-300001901606Zarya Holdco, Inc. | One stop 22025-09-300001901606Zarya Holdco, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ITServicesSectorMember2025-09-300001901606Crunch Holdings, LLC | One stop 12025-09-300001901606Crunch Holdings, LLC | One stop 22025-09-300001901606Movement Holdings, LLC | One stop 12025-09-300001901606Movement Holdings, LLC | One stop 22025-09-300001901606Movement Holdings, LLC | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:LeisureProductsSectorMember2025-09-300001901606Celerion Buyer, Inc. | One stop 12025-09-300001901606Celerion Buyer, Inc. | One stop 22025-09-300001901606Celerion Buyer, Inc. | One stop 32025-09-300001901606Celerion Buyer, Inc. | One stop 42025-09-300001901606Diamondback Acquisition, Inc. | One stop 12025-09-300001901606Diamondback Acquisition, Inc. | One stop 22025-09-300001901606Diamondback Acquisition, Inc. | One stop 32025-09-300001901606PAS Parent Inc. | One stop 12025-09-300001901606PAS Parent Inc. | One stop 22025-09-300001901606PAS Parent Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:LifeSciencesToolsServicesSectorMember2025-09-300001901606AI Titan Parent, Inc. | One stop 12025-09-300001901606AI Titan Parent, Inc. | One stop 22025-09-300001901606AI Titan Parent, Inc. | One stop 32025-09-300001901606Blackbird Purchaser, Inc. | One stop 12025-09-300001901606Blackbird Purchaser, Inc. | One stop 22025-09-300001901606Blackbird Purchaser, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:MachinerySectorMember2025-09-300001901606Lotus Topco, Inc. | One stop 12025-09-300001901606Lotus Topco, Inc. | One stop 22025-09-300001901606Lotus Topco, Inc. | One stop 32025-09-300001901606Lotus Topco, Inc. | One stop 42025-09-300001901606Shout! Factory, LLC | One stop 12025-09-300001901606Shout! Factory, LLC | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:MediaSectorMember2025-09-300001901606Envernus, Inc. | One stop 12025-09-300001901606Envernus, Inc. | One stop 22025-09-300001901606Envernus, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:OilGasConsumableFuelsSectorMember2025-09-300001901606Caerus Midco 3 S.A.R.L. | One stop 12025-09-300001901606Caerus Midco 3 S.A.R.L. | One stop 22025-09-300001901606Caerus Midco 3 S.A.R.L. | One stop 32025-09-300001901606Creek Parent, Inc. | One stop 12025-09-300001901606Creek Parent, Inc. | One stop 22025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:PharmaceuticalsSectorMember2025-09-300001901606ALKU Intermediate Holdings, LLC | One stop 12025-09-300001901606ALKU Intermediate Holdings, LLC | One stop 22025-09-300001901606bswift, LLC | One stop 12025-09-300001901606bswift, LLC | One stop 22025-09-300001901606Denali Intermediate Holdings, Inc. | One stop 12025-09-300001901606Denali Intermediate Holdings, Inc. | One stop 22025-09-300001901606DISA Holdings Corp. | Senior secured 12025-09-300001901606DISA Holdings Corp. | Subordinated debt2025-09-300001901606DISA Holdings Corp. | Senior secured 22025-09-300001901606DISA Holdings Corp. | One stop2025-09-300001901606DISA Holdings Corp. | Senior secured 32025-09-300001901606DISA Holdings Corp. | Senior secured 42025-09-300001901606DISA Holdings Corp. | Senior secured 52025-09-300001901606Eclipse Buyer, Inc. | One stop 12025-09-300001901606Eclipse Buyer, Inc. | One stop 22025-09-300001901606Eclipse Buyer, Inc. | One stop 32025-09-300001901606Varicent Intermediate Holdings Corporation | One stop 12025-09-300001901606Varicent Intermediate Holdings Corporation | One stop 22025-09-300001901606Varicent Intermediate Holdings Corporation | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:ProfessionalServicesSectorMember2025-09-300001901606VRS Buyer, Inc. | Senior secured 12025-09-300001901606VRS Buyer, Inc. | Senior secured 22025-09-300001901606VRS Buyer, Inc. | Senior secured 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:RoadRailSectorMember2025-09-300001901606Anaplan, Inc. | One stop 12025-09-300001901606Anaplan, Inc. | One stop 22025-09-300001901606Armstrong Bidco Limited | One stop 12025-09-300001901606Armstrong Bidco Limited | One stop 22025-09-300001901606Arrow Buyer, Inc. | One stop 12025-09-300001901606Arrow Buyer, Inc. | One stop 22025-09-300001901606Arrow Buyer, Inc. | One stop 32025-09-300001901606Artifact Bidco, Inc. | One stop 12025-09-300001901606Artifact Bidco, Inc. | One stop 22025-09-300001901606Artifact Bidco, Inc. | One stop 32025-09-300001901606Artifact Bidco, Inc. | One stop 42025-09-300001901606Azurite Intermediate Holdings, Inc. | One stop 12025-09-300001901606Azurite Intermediate Holdings, Inc. | One stop 22025-09-300001901606Azurite Intermediate Holdings, Inc. | One stop 32025-09-300001901606Baxter Planning Systems, LLC | One stop 12025-09-300001901606Baxter Planning Systems, LLC | One stop 22025-09-300001901606Baxter Planning Systems, LLC | One stop 32025-09-300001901606BestPass, Inc. | One stop 12025-09-300001901606BestPass, Inc. | One stop 22025-09-300001901606BestPass, Inc. | One stop 32025-09-300001901606Bloomerang, LLC | One stop 12025-09-300001901606Bloomerang, LLC | One stop 22025-09-300001901606Bloomerang, LLC | One stop 32025-09-300001901606CB Buyer, Inc. | One stop 12025-09-300001901606CB Buyer, Inc. | One stop 22025-09-300001901606CB Buyer, Inc. | One stop 32025-09-300001901606Coupa Holdings, LLC | One stop 12025-09-300001901606Coupa Holdings, LLC | One stop 22025-09-300001901606Coupa Holdings, LLC | One stop 32025-09-300001901606Crewline Buyer, Inc. | One stop 12025-09-300001901606Crewline Buyer, Inc. | One stop 22025-09-300001901606Einstein Parent, Inc. | One stop 12025-09-300001901606Einstein Parent, Inc. | One stop 22025-09-300001901606Espresso Bidco, Inc. | One stop 12025-09-300001901606Espresso Bidco, Inc. | One stop 22025-09-300001901606Espresso Bidco, Inc. | One stop 32025-09-300001901606Evergreen IX Borrower 2023, LLC | One stop 12025-09-300001901606Evergreen IX Borrower 2023, LLC | One stop 22025-09-300001901606Evergreen IX Borrower 2023, LLC | One stop 32025-09-300001901606Flexera Software, LLC | One stop 12025-09-300001901606Flexera Software, LLC | One stop 22025-09-300001901606Flexera Software, LLC | One stop 32025-09-300001901606GTY Technology Holdings, Inc. | One stop 12025-09-300001901606GTY Technology Holdings, Inc. | One stop 22025-09-300001901606GTY Technology Holdings, Inc. | One stop 32025-09-300001901606GTY Technology Holdings, Inc. | One stop 42025-09-300001901606GTY Technology Holdings, Inc. | One stop 52025-09-300001901606GTY Technology Holdings, Inc. | One stop 62025-09-300001901606GTY Technology Holdings, Inc. | One stop 72025-09-300001901606Gurobi Optimization, LLC | One stop 12025-09-300001901606Gurobi Optimization, LLC | One stop 22025-09-300001901606Hyland Software, Inc. | One stop 12025-09-300001901606Hyland Software, Inc. | One stop 22025-09-300001901606Icefall Parent, Inc. | One stop 12025-09-300001901606Icefall Parent, Inc. | One stop 22025-09-300001901606ICIMS, Inc. | One stop 12025-09-300001901606ICIMS, Inc. | One stop 22025-09-300001901606IQN Holding Corp. | One stop 12025-09-300001901606IQN Holding Corp. | One stop 22025-09-300001901606IQN Holding Corp. | One stop 32025-09-300001901606Island Bidco AB | One stop 12025-09-300001901606Island Bidco AB | One stop 22025-09-300001901606Island Bidco AB | One stop 32025-09-300001901606Island Bidco AB | One stop 42025-09-300001901606Island Bidco AB | One stop 52025-09-300001901606LogicMonitor, Inc. | One stop 12025-09-300001901606LogicMonitor, Inc. | One stop 22025-09-300001901606Navex TopCo, Inc. | One stop 12025-09-300001901606Navex TopCo, Inc. | One stop 22025-09-300001901606Onit, Inc. | One stop 12025-09-300001901606Onit, Inc. | One stop 22025-09-300001901606Onit, Inc. | One stop 32025-09-300001901606Onit, Inc. | One stop 42025-09-300001901606Panzura, LLC | One stop2025-09-300001901606PING Identity Holding Corp. | One stop 12025-09-300001901606PING Identity Holding Corp. | One stop 22025-09-300001901606Quant Buyer, Inc. | One stop 12025-09-300001901606Quant Buyer, Inc. | One stop 22025-09-300001901606Quant Buyer, Inc. | One stop 32025-09-300001901606Quant Buyer, Inc. | One stop 42025-09-300001901606Quant Buyer, Inc. | One stop 52025-09-300001901606Rainforest Bidco Limited | One stop 12025-09-300001901606Rainforest Bidco Limited | One stop 22025-09-300001901606Rainforest Bidco Limited | One stop 32025-09-300001901606Templafy APS and Templafy, LLC | One stop 12025-09-300001901606Templafy APS and Templafy, LLC | One stop 22025-09-300001901606Togetherwork Holdings, LLC | One stop 12025-09-300001901606Togetherwork Holdings, LLC | One stop 22025-09-300001901606Togetherwork Holdings, LLC | One stop 32025-09-300001901606Tricentis Operations Holdings, Inc. | One stop 12025-09-300001901606Tricentis Operations Holdings, Inc. | One stop 22025-09-300001901606Tricentis Operations Holdings, Inc. | One stop 32025-09-300001901606Viper Bidco, Inc. | One stop 12025-09-300001901606Viper Bidco, Inc. | One stop 22025-09-300001901606Viper Bidco, Inc. | One stop 32025-09-300001901606Viper Bidco, Inc. | One stop 42025-09-300001901606Viper Bidco, Inc. | One stop 52025-09-300001901606Zendesk, Inc. | One stop 12025-09-300001901606Zendesk, Inc. | One stop 22025-09-300001901606Zendesk, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:SoftwareSectorMember2025-09-300001901606Biscuit Parent, LLC | One stop 12025-09-300001901606Biscuit Parent, LLC | One stop 22025-09-300001901606Biscuit Parent, LLC | One stop 32025-09-300001901606Cavender Stores L.P. | Senior secured2025-09-300001901606CVP Holdco, Inc. | One stop 12025-09-300001901606CVP Holdco, Inc. | One stop 22025-09-300001901606CVP Holdco, Inc. | One stop 32025-09-300001901606PetVet Care Centers LLC | One stop 12025-09-300001901606PetVet Care Centers LLC | One stop 22025-09-300001901606PetVet Care Centers LLC | One stop 32025-09-300001901606Radiance Borrower, LLC | One stop 12025-09-300001901606Radiance Borrower, LLC | One stop 22025-09-300001901606Salon Lofts Group, LLC | Senior secured 12025-09-300001901606Salon Lofts Group, LLC | Senior secured 22025-09-300001901606Salon Lofts Group, LLC | Senior secured 32025-09-300001901606Salon Lofts Group, LLC | Senior secured 42025-09-300001901606Salon Lofts Group, LLC | Second lien 12025-09-300001901606Salon Lofts Group, LLC | Senior secured 52025-09-300001901606Salon Lofts Group, LLC | Senior secured 62025-09-300001901606Salon Lofts Group, LLC | Senior secured 72025-09-300001901606Salon Lofts Group, LLC | Senior secured 82025-09-300001901606Salon Lofts Group, LLC | Senior secured 92025-09-300001901606Salon Lofts Group, LLC | Second lien 22025-09-300001901606Salon Lofts Group, LLC | Senior secured 102025-09-300001901606Salon Lofts Group, LLC | Senior secured 112025-09-300001901606Salon Lofts Group, LLC | Second lien 32025-09-300001901606Salon Lofts Group, LLC | Senior secured 122025-09-300001901606Salon Lofts Group, LLC | Second lien 42025-09-300001901606Salon Lofts Group, LLC | Second lien 52025-09-300001901606Salon Lofts Group, LLC | Senior secured 132025-09-300001901606Salon Lofts Group, LLC | Second lien 62025-09-300001901606Salon Lofts Group, LLC | Senior secured 142025-09-300001901606Salon Lofts Group, LLC | Second lien 72025-09-300001901606Salon Lofts Group, LLC | Senior secured 152025-09-300001901606Salon Lofts Group, LLC | Senior secured 162025-09-300001901606Salon Lofts Group, LLC | Senior secured 172025-09-300001901606Salon Lofts Group, LLC | Second lien 82025-09-300001901606VSG Acquisition Corp. and Sherrill, Inc. | One stop 12025-09-300001901606VSG Acquisition Corp. and Sherrill, Inc. | One stop 22025-09-300001901606VSG Acquisition Corp. and Sherrill, Inc. | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:SpecialtyRetailSectorMember2025-09-300001901606LDS Intermediate Holdings, LLC | One stop 12025-09-300001901606LDS Intermediate Holdings, LLC | One stop 22025-09-300001901606LDS Intermediate Holdings, LLC | One stop 32025-09-300001901606LDS Intermediate Holdings, LLC | One stop 42025-09-300001901606LDS Intermediate Holdings, LLC | One stop 52025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:TransportationInfrastructureSectorMember2025-09-300001901606Vessco Midco Holdings, LLC | One stop 12025-09-300001901606Vessco Midco Holdings, LLC | One stop 22025-09-300001901606Vessco Midco Holdings, LLC | One stop 32025-09-300001901606us-gaap:DebtSecuritiesMembergdlcu:WaterUtilitiesSectorMember2025-09-300001901606us-gaap:DebtSecuritiesMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:AerospaceDefenseSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:AirFreightLogisticsSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:AutoComponentsSectorMember2025-09-300001901606CAP-KSI Holdings, LLC, Common stock2025-09-300001901606CAP-KSI Holdings, LLC, Preferred stock2025-09-300001901606National Express Wash Parent Holdco, LLC, LLC units2025-09-300001901606Quick Quack Car Wash Holdings, LLC, LLC units2025-09-300001901606Quick Quack Car Wash Holdings, LLC, Preferred stock2025-09-300001901606Yorkshire Parent, Inc., LP interest2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:AutomobilesSectorMember2025-09-300001901606Spindrift Beverage Co. Inc., LLC interest2025-09-300001901606CHA Vision Holdings, Inc., Warrant2025-09-300001901606CHVAC Services Investment, LLC, Preferred stock2025-09-300001901606DP Flores Holdings, LLC, Preferred stock2025-09-300001901606HS Spa Holdings, Inc., Warrant2025-09-300001901606Kodiak Buyer, LLC, LP interest2025-09-300001901606NSG Buyer, Inc., Preferred stock2025-09-300001901606Virginia Green Acquisition, LLC, Preferred stock2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:DiversifiedConsumerServicesSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:ElectricUtilitiesSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:ElectricalEquipmentSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:FoodProductsSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareEquipmentSuppliesSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareProvidersServicesSectorMember2025-09-300001901606Amberfield Acquisition Co., Preferred stock2025-09-300001901606Modernizing Medicine, Inc., Preferred stock2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:HealthcareTechnologySectorMember2025-09-300001901606Patriot Acquireco, LLC, LP units2025-09-300001901606PB Group Holdings, LLC, Preferred stock2025-09-300001901606Saguaro Buyer, LLC, LP units2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:HotelsRestaurantsLeisureSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMemberus-gaap:InsuranceSectorMember2025-09-300001901606Critical Start, Inc., LLC units2025-09-300001901606Netwrix Corporation, Common stock2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:ITServicesSectorMember2025-09-300001901606us-gaap:EquitySecuritiesMembergdlcu:LeisureProductsSectorMember2025-09-300001901606Celerion Buyer, Inc., LLC interest2025-09-300001901606Celerion Buyer, Inc., Common 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______________________________________________________________________________________________________

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

______________________________________________________________________________________________________

FORM 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended ~~June~~December 3031, 2025

o 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 814-01505

Golub Capital Direct Lending Unlevered Corporation

(Exact name of registrant as specified in its charter)


Maryland						88-1632039
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

200 Park Avenue, 25th Floor

New York, NY 10166

(Address of principal executive offices)

(212) 750-6060

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:


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 þ No o

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 þ No o

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 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	o	Accelerated filer	o
Non-accelerated filer	þ	Smaller reporting company	o
Emerging growth company	þ

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. þ

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

As of ~~August 8~~February 13, ~~2025~~2026, the Registrant had 2526,~~836~~772,~~355~~467.~~539~~472 shares of common stock, $0.001 par value, outstanding.

TABLE OF CONTENTS

Part I. Financial Information
Item 1.	Financial Statements	3
	Consolidated Statements of Financial Condition as of June 30, 2025 (unaudited) and September 30, 2024	3
	Consolidated Statements of Financial Condition as of December 31, 2025 (unaudited) and September 30, 2025	3
	Consolidated Statements of Operations for the three and nine months ended June 30, 2025 (unaudited) and 2024 (unaudited)	4
	Consolidated Statements of Operations for the three months ended December 31, 2025 (unaudited) and 2024 (unaudited)	4
	Consolidated Statements of Changes in Net Assets for the three and nine months ended June 30, 2025 (unaudited) and 2024 (unaudited)	5
	Consolidated Statements of Changes in Net Assets for the three months ended December 31, 2025 (unaudited) and 2024 (unaudited)	5
	Consolidated Statements of Cash Flows for the nine months ended June 30, 2025 (unaudited) and 2024 (unaudited)	6
	Consolidated Statements of Cash Flows for the three months ended December 31, 2025 (unaudited) and 2024 (unaudited)	6
	Consolidated Schedules of Investments as of June 30, 2025 (unaudited) and September 30, 2024	8
	Consolidated Schedules of Investments as of December 31, 2025 (unaudited) and September 30, 2025	8
	Notes to Consolidated Financial Statements (unaudited)	3543
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	6168
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	8088
Item 4.	Controls and Procedures	8290
Part II. Other Information
Item 1.	Legal Proceedings	8290
Item 1A.	Risk Factors	8290
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8290
Item 3.	Defaults Upon Senior Securities	8290
Item 4.	Mine Safety Disclosures	8290
Item 5.	Other Information	8290
Item 6.	Exhibits	8391

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Statements of Financial Condition

(In thousands, except share and per share data)

	June 30, 2025		September 30, 2024
	December 31, 2025		September 30, 2025
	(unaudited)
Assets
Non-controlled/non-affiliate company investments at fair value (amortized cost of $357,220 and $291,793, respectively)	$	362,103	$	295,825
Non-controlled/non-affiliate company investments at fair value (amortized cost of $389,744 and $385,232, respectively)	$	394,298	$	390,128
Cash and cash equivalents	15,568		12,261
Cash	3,572		2,009
Foreign currencies (cost of $150 and $17, respectively)	168		10
Cash equivalents	6,503		12,875
Interest receivable	2,852		2,888
Foreign currencies (cost of $173 and $132, respectively)	174		129
Receivable for investments	174		2,673
Interest receivable	3,897		3,878
Deferred offering costs	—		58
Receivable for investments	853		383
Other assets	~~367~~47		~~363~~370
Total Assets	$	~~381~~409,~~232~~344	$	~~314~~409,~~078~~772
Liabilities
Distributions payable	$	4,~~875~~871	$	5,~~423~~130
Management and income incentive fees payable	1,~~668~~852		1,~~305~~780
Accrued trustee fees	32		35
Payable for investments purchased	67		—
Unrealized depreciation on forward currency contracts	338		185
Accrued trustee fees	6		23
Accounts payable and other liabilities	816		936
Unrealized depreciation on forward currency contracts	59		285
Total Liabilities	7,729		7,884
Accounts payable and other liabilities	902		967
Commitments and Contingencies (Note 9)
Total Liabilities	7,757		8,185
Commitments and Contingencies (Note 10)
Net Assets
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and September 30, 2024	—		—
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and September 30, 2025	—		—
Common stock, par value $0.001 per share, 200,000,000 shares authorized, 24,900,243.606 and 20,412,978.874 shares issued and outstanding as of June 30, 2025 and September 30, 2024, respectively	25		20
Common stock, par value $0.001 per share, 200,000,000 shares authorized, 26,772,467.472 shares issued and outstanding as of December 31, 2025 and September 30, 2025	27		27
Paid in capital in excess of par	~~373~~401,~~205~~229		~~305~~401,~~901~~229
Distributable earnings (losses)	~~273~~331		~~273~~331
Total Net Assets	~~373~~401,~~503~~587		~~306~~401,~~194~~587
Total Liabilities and Total Net Assets	$	~~381~~409,~~232~~344	$	~~314~~409,~~078~~772
Number of common shares outstanding	2426,~~900~~772,~~243~~467.~~606~~472		2026,~~412~~772,~~978~~467.~~874~~472
Net asset value per common share	$	15.00	$	15.00

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Statements of Operations (unaudited)

(In thousands, except share and per share data)

	Three months ended June 30,				Nine months ended June 30,
	Three months ended December 31,
	2025		2024		~~2025~~		~~2024~~
Investment income
Interest income	$	89,~~426~~217	$	67,~~542~~990	$	~~24,730~~	$	~~16,456~~
Payment-in-kind interest income	~~547~~527		~~362~~461		~~1,492~~		~~1,090~~
Dividend income	1573		1950		~~100~~		52
Fee income	3027		2223		83		56
Total investment income	9,~~018~~844		68,~~945~~524		~~26,405~~		~~17,654~~
Expenses
Base management fee	~~885~~1,000		~~578~~785		~~2,515~~		~~1,427~~
Incentive fee	~~788~~818		~~742~~831		~~2,420~~		~~1,882~~
Professional fees	147		190		521		595
Administrative service fee	135		100
Administrative service fee	122		75		338		173
Professional fees	160		228
General and administrative expenses	2327		22		70		~~105~~
Total expenses	12,~~965~~140		1,~~607~~966		~~5,864~~		~~4,182~~
Base management fee waived (Note 4)	—		(~~193~~261)		~~(543)~~		~~(759)~~
Net expenses	12,~~965~~140		1,~~414~~705		~~5,321~~		~~3,423~~
Net investment income - before tax	7,053		5,531		21,084		14,231
Net investment income	7,704		6,819
Excise tax	—		—		—		28
Net investment income - after tax	7,053		5,531		21,084		14,203
Net gain (loss) on investment transactions
Net realized gain (loss) from:
Investments	—		—		—		(3)
Forward currency contracts	(232)		—
Forward currency contracts	—		—		—		(211)
Foreign currency transactions	4		(6)
Foreign currency transactions	5		1		—		8
Net realized gain (loss) on investment transactions	(228)		(6)
Net realized gain (loss) on investment transactions	5		1		—		(206)
Net change in unrealized appreciation (depreciation) from:
Investments	(10345)		~~1,132~~685		~~651~~		~~2,713~~
Forward currency contracts	~~(260)~~226		17229		~~(153)~~		~~147~~
Translation of assets and liabilities in foreign currencies	~~306~~3		(11250)		~~206~~		76
Net change in unrealized appreciation (depreciation) on investment transactions	36(116)		~~1,138~~664		~~704~~		~~2,936~~
Net gain (loss) on investment transactions	41(344)		~~1,139~~658		~~704~~		~~2,730~~
Net increase (decrease) in net assets resulting from operations	$	7,~~094~~360	$	67,~~670~~477	$	~~21,788~~	$	~~16,933~~
Per Common Share Data
Basic and diluted earnings (losses) per common share (Note 11)	$	0.2927	$	0.4035	$	~~0.95~~	$	~~1.23~~
Basic and diluted weighted average common shares outstanding (Note 11)	2426,~~156~~772,~~073~~467		1621,~~619~~301,~~869~~257		~~22,947,745~~		~~13,766,511~~

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Statements of Changes in Net Assets (unaudited)

(In thousands, except share data)

	Common Stock			Paid in Capital in Excess of Par		Distributable Earnings (Losses)		Total Net Assets
	Shares	Par Amount
Balance at September 30, 2023	9,237,273.609	$	9	$	138,423	$	127	$	138,559
Issuance of common stock	10,040,682.732	10		150,600		—		150,610
Net increase (decrease) in net assets resulting from operations:
Net investment income after taxes	—	—		—		14,203		14,203
Net realized gain (loss) on investment transactions	—	—		—		(206)		(206)
Net change in unrealized appreciation (depreciation) on investment transactions	—	—		—		2,936		2,936
Distributions to stockholders:
Distributions from distributable earnings (losses)	—	—		—		(11,926)		(11,926)
Distributions declared and payable	—	—		—		(5,007)		(5,007)
Total increase (decrease) for the nine months ended June 30, 2024	10,040,682.732	10		150,600		—		150,610
Balance at June 30, 2024	19,277,956.341	$	19	$	289,023	$	127	$	289,169
Balance at March 31, 2024	14,611,752.608	$	14	$	219,035	$	127	$	219,176
Issuance of common stock	4,666,203.733	5		69,988		—		69,993
Net increase (decrease) in net assets resulting from operations:
Net investment income after taxes	—	—		—		5,531		5,531
Net realized gain (loss) on investment transactions	—	—		—		1		1
Net change in unrealized appreciation (depreciation) on investment transactions	—					1,138		1,138
Distributions to stockholders:
Distributions from distributable earnings (losses)	—	—		—		(1,663)		(1,663)
Distributions declared and payable	—	—		—		(5,007)		(5,007)
Total increase (decrease) for the three months ended June 30, 2024	4,666,203.733	5		69,988		—		69,993
Balance at June 30, 2024	19,277,956.341	$	19	$	289,023	$	127	$	289,169
Balance at September 30, 2024	20,412,978.874	$	20	$	305,901	$	273	$	306,194
Issuance of common stock	42,~~487~~270,~~264~~045.~~732~~066	53		6734,~~304~~048		—		6734,~~309~~051
Net increase (decrease) in net assets resulting from operations:
Net investment income after taxes	—	—		—		216,~~084~~819		216,~~084~~819
Net change in unrealized appreciation (depreciation) on investment transactions	—	—		—		704		704
Net realized gain (loss) on investment transactions	—	—		—		(6)		(6)
Net change in unrealized appreciation (depreciation) on investment transactions	—	—		—		664		664
Distributions to stockholders:
Distributions from distributable earnings (losses)	—	—		—		(162,~~913~~191)		(162,~~913~~191)
Distributions declared and payable	—	—		—		(45,~~875~~286)		(45,~~875~~286)
Total increase (decrease) for the nine months ended June 30, 2025	4,487,264.732	5		67,304		—		67,309
Total increase (decrease) for the three months ended December 31, 2024	2,270,045.066	3		34,048		—		34,051
Balance at June 30, 2025	24,900,243.606	$	25	$	373,205	$	273	$	373,503
Balance at December 31, 2024	22,683,023.940	$	23	$	339,949	$	273	$	340,245
Balance at March 31, 2025	24,103,543.606	$	24	$	361,256	$	273	$	361,553
Balance at September 30, 2025	26,772,467.472	$	27	$	401,229	$	331	$	401,587
Issuance of common stock	796,700.000	1		11,949		—		11,950
Net increase (decrease) in net assets resulting from operations:
Net investment income after taxes	—	—		—		7,~~053~~704		7,~~053~~704
Net realized gain (loss) on investment transactions	—	—		—		5(228)		5(228)
Net change in unrealized appreciation (depreciation) on investment transactions	—	—		—		36(116)		36(116)
Distributions to stockholders:
Distributions from distributable earnings (losses)	—	—		—		(2,~~219~~489)		(2,~~219~~489)
Distributions declared and payable	—	—		—		(4,~~875~~871)		(4,~~875~~871)
Total increase (decrease) for the three months ended June 30, 2025	796,700.000	1		11,949		—		11,950
Total increase (decrease) for the three months ended December 31, 2025	—	—		—		—		—
Balance at June 30, 2025	24,900,243.606	$	25	$	373,205	$	273	$	373,503
Balance at December 31, 2025	26,772,467.472	$	27	$	401,229	$	331	$	401,587

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Statements of Cash Flows (unaudited)

(In thousands)

	Nine months ended June 30,
	Three months ended December 31,
	2025		2024
Cash flows from operating activities
Net increase (decrease) in net assets resulting from operations	$	217,~~788~~360	$	167,~~933~~477
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Amortization of deferred offering costs	58—		8830
Accretion of discounts and amortization of premiums	(~~804~~373)		(~~432~~208)
Net realized (gain) loss on investments	—		3
Net realized (gain) loss on forward currency contracts	232		—
Net realized (gain) loss on forward currency contracts	—		211
Net realized (gain) loss on foreign currency transactions	(4)		6
Net realized (gain) loss on foreign currency transactions	—		(8)
Net change in unrealized (appreciation) depreciation on investments	345		(685)
Net change in unrealized (appreciation) depreciation on investments	(651)		(2,713)
Net change in unrealized (appreciation) depreciation on forward currency contracts	(226)		(229)
Net change in unrealized (appreciation) depreciation on forward currency contracts	153		(147)
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies	(3)		250
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies	(206)		(76)
Proceeds from (fundings of) revolving loans, net	(831)		(364)
Proceeds from (fundings of) revolving loans, net	(1,334)		(108)
Fundings of investments	(17,631)		(32,224)
Fundings of investments	(82,498)		(154,259)
Proceeds from principal payments and sales of portfolio investments	14,867		2,295
Proceeds from principal payments and sales of portfolio investments	20,662		2,080
Funding of settlements of forward currency contracts	(232)		—
Funding of settlements of forward currency contracts	—		(211)
Payment-in-kind interest capitalized	(526)		(461)
Payment-in-kind interest capitalized	(1,468)		(1,108)
Non-cash dividends capitalized	(14)		(22)
Non-cash dividends capitalized	(71)		(52)
Proceeds from non-cash dividends	84		—
Changes in operating assets and liabilities:
Interest receivable	36(19)		~~(1,785)~~593
Receivable for investments	~~2,499~~(470)		~~(125)~~2,216
Other assets	~~(4)~~323		(51)
Payable for investments purchased	—67		~~(319)~~—
Management and income incentive fees payable	~~363~~72		~~596~~(16)
Accrued trustee fees	(317)		1713
Accounts payable and other liabilities	(~~120~~65)		~~479~~100
Net cash provided by (used in) operating activities	~~(41~~2,~~516)~~855		(~~140~~21,~~941~~230)
Cash flows from financing activities
Borrowings on debt	35		—
Proceeds from issuance of common shares	—		34,051
Repayments of debt	(35)		—
Distributions paid	(7,620)		(7,614)
Capital calls received in advance	—		2,251
Net cash provided by (used in) financing activities	(7,620)		26,437
Proceeds from issuance of common shares	67,309		150,610
Net change in cash, cash equivalents, and foreign currencies	(4,765)		5,207
Distributions paid	(22,336)		(13,882)
Effect of foreign currency exchange rates	1		(6)
Net cash provided by (used in) financing activities	44,973		138,979
Cash, cash equivalents, and foreign currencies, beginning of period	15,013		12,271
Net change in cash and cash equivalents and foreign currencies	3,457		(1,962)
Cash, cash equivalents, and foreign currencies, end of period	$	10,249	$	17,472
Effect of foreign currency exchange rates	8		2
Cash and cash equivalents and foreign currencies, beginning of period	12,271		30,396
Cash and cash equivalents and foreign currencies, end of period	$	15,736	$	28,436
Supplemental disclosure of cash flow information:
Distributions declared for the period	$	217,~~788~~360	$	167,~~933~~477
Supplemental disclosure of non-cash operating and financing activity:
Change in distributions payable	$(259)	~~(548)~~	$(137)	~~3,051~~

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Statements of Cash Flows (unaudited) - (continued)

(In thousands)

The following table provides a reconciliation of cash, ~~and~~ cash equivalents and foreign currencies reported within the Consolidated Statements of Financial Condition that sum to the total of the same such amounts in the Consolidated Statements of Cash Flows:

	As of
	June 30, 2025		September 30, 2024
	December 31, 2025		September 30, 2025
Cash and cash equivalents	$	15,568	$	12,261
Cash	$	3,572	$	2,009
Foreign currencies (cost of $150 and $17, respectively)	168		10
Cash equivalents	6,503		12,875
Total cash and cash equivalents and foreign currencies shown in the Consolidated Statements of Cash Flows(1)	$	15,736	$	12,271
Foreign currencies (cost of $173 and $132, respectively)	174		129
Total cash, cash equivalents and foreign currencies shown in the Consolidated Statements of Cash Flows(1)	$	10,249	$	15,013

(1) See Note 2 for a description of cash, ~~and~~ cash equivalents and foreign currencies.

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments (unaudited)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)				MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
Investments
Non-controlled/non-affiliate company investments
Debt investments
Aerospace & Defense
PPW Aero Buyer, Inc.	One stop	SF +	65.5000%	(h)	108.8267%				0209/~~2029~~2031	$	5,~~299~~272	$	5,~~202~~164	1.43	%	$	5,~~352~~272
PPW Aero Buyer, Inc.	One stop	P +	5.50%	(a)	13.00%				02/2029	9		8		—		9
PPW Aero Buyer, Inc.(5)	One stop				N/A(6)				09/2031	—		(1)		—		—
PPW Aero Buyer, Inc.(5)	One stop	SF +	5.50%		N/A(6)				02/2029	—		(2)		—		—
PPW Aero Buyer, Inc.	One stop				N/A(6)				09/2031	—		—		—		—
PPW Aero Buyer, Inc.	One stop	SF +	5.5000%	(h)	98.8067%				0209/~~2029~~2031	~~180~~270		~~179~~267		0.1		~~181~~270
PPW Aero Buyer, Inc.	One stop	SF +	5.00%	(h)	98.3067%				0209/~~2029~~2031	50		5049		—		50
										5,538		5,437		1.5		5,592
PPW Aero Buyer, Inc.	One stop	SF +	5.00%	(h)	8.67%				09/2031	50		50		—		50
Air Freight & Logistics
PPW Aero Buyer, Inc.	One stop				N/A(6)				09/2031	—		—		—		—
RJW Group Holdings, Inc.	One stop	SF +	5.00%	(h)	9.30%				11/2031	2,920		2,866		0.8		2,920
Titan BW Borrower L.P.(18)	One stop	SF +	5.38%	(h)	6.38%	cash/	2.88%	PIK	07/2032	580		574		0.2		580
RJW Group Holdings, Inc.(5)	One stop	SF +	5.00%		N/A(6)				11/2031	—		(2)		—		—
Titan BW Borrower L.P.(5)	One stop				N/A(6)				07/2032	—		(1)		—		—
										2,920		2,864		0.8		2,920
Titan BW Borrower L.P.	One stop				N/A(6)				07/2032	—		—		—		—
Auto Components
Jeppesen Holdings, LLC	One stop	SF +	4.75%	(h)	8.59%				11/2032	2,147		2,139		0.5		2,131
Arnott, LLC	One stop	SF +	4.75%	(i)	8.97%				11/2030	296		293		0.1		293
Jeppesen Holdings, LLC(5)	One stop				N/A(6)				11/2032	—		—		—		(1)
Arnott, LLC	One stop	SF +	4.75%	(i)	8.97%				11/2030	8		8		—		8
										8,369		8,241		2.1		8,352
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)	9.03%				01/2030	1,753		1,727		0.5		1,753
Air Freight & Logistics
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)(i)	9.02%				01/2030	900		892		0.2		900
RJW Group Holdings, Inc.	One stop	SF +	5.00%	(h)	8.67%				11/2031	2,920		2,869		0.7		2,920
Collision SP Subco, LLC(5)	One stop	SF +	4.75%		N/A(6)				01/2030	—		(4)		—		—
RJW Group Holdings, Inc.	One stop	SF +	5.00%	(i)	8.73%				11/2031	184		181		0.1		184
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)	9.03%				01/2030	11		11		—		11
RJW Group Holdings, Inc.	One stop	SF +	5.00%	(h)	8.67%				11/2031	739		732		0.2		739
Collision SP Subco, LLC(5)	One stop	SF +	4.75%		N/A(6)				01/2030	—		(1)		—		—
RJW Group Holdings, Inc.(5)	One stop				N/A(6)				11/2031	—		(1)		—		—
OEConnection, LLC(5)	One stop	SF +	5.25%		N/A(6)				04/2031	—		(4)		—		—
										3,843		3,781		1.0		3,843
OEConnection, LLC	One stop	SF +	5.25%	(g)	9.58%				04/2031	4,402		4,365		1.2		4,402
Auto Components
OEConnection, LLC	One stop	SF +	5.25%	(g)	9.58%				04/2031	768		761		0.2		768
Arnott, LLC	One stop	SF +	4.75%	(i)	8.62%				11/2030	295		292		0.1		286
OEConnection, LLC	One stop	SF +	5.25%		N/A(6)				04/2031	—		—		—		—
Arnott, LLC	One stop	SF +	4.75%	(i)	8.50%				11/2030	28		28		—		27
										8,138		8,048		2.2		8,135
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)	8.59%				01/2030	1,744		1,721		0.4		1,744
Automobiles
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)(i)	8.45%				01/2030	1,018		1,011		0.3		1,018
CAP-KSI Holdings, LLC	One stop	SF +	5.25%	(h)	9.54%				06/2030	1,721		1,699		0.5		1,721
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)	8.57%				01/2030	42		38		—		42
CAP-KSI Holdings, LLC	One stop	SF +	5.25%	(h)	9.56%				06/2030	179		176		0.1		179
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)	8.59%				01/2030	11		11		—		11
National Express Wash Parent Holdco, LLC(5)	One stop	SF +	5.00%		N/A(6)				07/2029	—		(1)		—		—
Collision SP Subco, LLC	One stop	SF +	4.75%	(h)(i)	8.48%				01/2030	26		25		—		26
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(h)	9.30%				07/2029	5,388		5,352		1.4		5,388
OEConnection, LLC	One stop	SF +	4.50%	(g)	8.23%				12/2032	5,207		5,167		1.3		5,216
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(i)	9.24%				07/2029	41		40		—		41
OEConnection, LLC(5)	One stop				N/A(6)				12/2032	—		(4)		—		1
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(h)	9.30%				07/2029	72		72		—		72
OEConnection, LLC	One stop				N/A(6)				12/2032	—		—		—		—
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%	(g)	9.08%				06/2031	6,256		6,211		1.7		6,233
										8,371		8,289		2.1		8,371
Quick Quack Car Wash Holdings, LLC(5)	One stop	SF +	4.75%		N/A(6)				06/2031	—		(4)		—		(2)
Automobiles
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%	(g)	9.07%				06/2031	488		481		0.1		485
CAP-KSI Holdings, LLC	One stop	SF +	5.25%	(h)	8.98%				06/2030	1,853		1,833		0.5		1,853
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%		N/A(6)				06/2031	—		—		—		—
CAP-KSI Holdings, LLC	One stop	SF +	5.25%	(a)(h)	9.48%				06/2030	86		84		—		86
Yorkshire Parent, Inc.	One stop	SF +	5.50%	(h)	9.80%				12/2029	3,254		3,221		0.9		3,262
Lincoln Acq Buyer, LLC	One stop	SF +	4.50%	(g)	8.22%				11/2032	219		218		0.1		218
Yorkshire Parent, Inc.	One stop	SF +	5.50%	(h)	9.80%				12/2029	136		128		—		136
Lincoln Acq Buyer, LLC	One stop	SF +	4.50%	(g)(h)	8.22%				11/2032	15		15		—		15
Yorkshire Parent, Inc.	One stop	SF +	5.50%	(h)	9.79%				12/2029	902		892		0.2		904
Lincoln Acq Buyer, LLC	One stop	SF +	4.50%	(h)	8.20%				11/2032	3		3		—		3
Yorkshire Parent, Inc.	One stop	SF +	5.00%	(h)	9.28%				12/2029	1		—		—		1
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(i)	8.87%				07/2029	33		32		—		33
Yorkshire Parent, Inc.	One stop	SF +	5.00%	(h)	9.28%				12/2029	42		42		—		42
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(h)	8.67%				07/2029	5,361		5,329		1.3		5,361
										18,480		18,309		4.9		18,462
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(i)	8.60%				07/2029	41		40		—		41
Banks
National Express Wash Parent Holdco, LLC	One stop	SF +	5.00%	(h)	8.67%				07/2029	72		71		—		72
Empyrean Solutions, LLC	One stop	SF +	4.50%	(h)	8.80%				11/2031	258		257		0.1		258
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%	(g)	8.47%				06/2031	6,509		6,466		1.6		6,509
Empyrean Solutions, LLC	One stop	SF +	4.75%		N/A(6)				11/2031	—		—		—		—
Quick Quack Car Wash Holdings, LLC(5)	One stop				N/A(6)				06/2031	—		(4)		—		—
Empyrean Solutions, LLC	One stop	SF +	4.75%		N/A(6)				11/2031	—		—		—		—
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%	(g)	8.47%				06/2031	366		361		0.1		366
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	9.03%				12/2029	710		704		0.2		707
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%	(g)	8.47%				06/2031	7		7		—		7
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	9.01%				12/2029	315		308		0.1		312
Quick Quack Car Wash Holdings, LLC	One stop	SF +	4.75%	(g)	8.47%				06/2031	16		16		—		16
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	9.03%				12/2029	72		71		—		71
TWAS Holdings, LLC	One stop	SF +	4.75%	(g)	8.47%				12/2029	90		89		—		89
OSP Hamilton Purchaser, LLC(5)	One stop	SF +	4.75%		N/A(6)				12/2029	—		(2)		—		(2)
TWAS Holdings, LLC(5)	One stop				N/A(6)				12/2029	—		(2)		—		(2)
										1,355		1,338		0.4		1,346
Yorkshire Parent, Inc.	One stop	SF +	5.50%	(h)	9.17%				12/2029	3,216		3,187		0.8		3,216

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments ~~(unaudited)~~ - (continued)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)		MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
Beverages
Yorkshire Parent, Inc.	One stop	SF +	5.50%	(h)	9.17%		12/2029	$	136	$	129	—	%	$	136
Financial Information Technologies, LLC(17)	One stop	N/A			14.00%	PIK	06/2031	$	2,380	$	2,339	0.6	%	$	2,451
Yorkshire Parent, Inc.	One stop	SF +	5.50%	(h)	9.34%		12/2029	891		883		0.2		891
Financial Information Technologies, LLC	One stop	SF +	5.25%	(h)	9.55%		06/2030	1,483		1,464		0.4		1,480
Yorkshire Parent, Inc.	One stop	SF +	5.00%	(h)	8.84%		12/2029	7		6		—		7
Financial Information Technologies, LLC	One stop	SF +	5.25%	(h)	9.55%		06/2030	622		616		0.2		620
Yorkshire Parent, Inc.	One stop	SF +	5.00%	(h)	8.84%		12/2029	42		42		—		42
Financial Information Technologies, LLC(5)	One stop	SF +	5.25%		N/A(6)		06/2030	—		(2)		—		(1)
								18,963		18,805		4.6		18,959
Financial Information Technologies, LLC	One stop	SF +	5.25%		N/A(6)		06/2030	—		—		—		—
Banks
Spindrift Beverage Co. Inc.	One stop	SF +	5.25%	(h)	9.53%		02/2032	16		13		—		16
Empyrean Solutions, LLC	One stop	SF +	4.50%	(h)	8.17%		11/2031	258		257		0.1		258
Spindrift Beverage Co. Inc.(5)	One stop	SF +	5.25%		N/A(6)		02/2032	—		(1)		—		—
Empyrean Solutions, LLC	One stop				N/A(6)		11/2031	—		—		—		—
Spindrift Beverage Co. Inc.	One stop	SF +	5.25%	(h)	9.53%		02/2032	1,131		1,117		0.3		1,131
Empyrean Solutions, LLC	One stop				N/A(6)		11/2031	—		—		—		—
								5,632		5,546		1.5		5,697
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	8.59%		12/2029	707		701		0.2		707
Capital Markets
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	8.64%		12/2029	676		670		0.1		676
BlueMatrix Holdings, LLC	One stop	SF +	5.25%	(h)	9.55%		01/2031	2,579		2,561		0.7		2,579
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	8.59%		12/2029	56		55		—		56
BlueMatrix Holdings, LLC(5)	One stop	SF +	5.25%		N/A(6)		01/2031	—		(3)		—		—
OSP Hamilton Purchaser, LLC	One stop	SF +	4.75%	(h)	8.61%		12/2029	37		35		—		37
BlueMatrix Holdings, LLC	One stop	SF +	5.25%	(h)	9.55%		01/2031	281		275		0.1		281
								1,734		1,718		0.4		1,734
BlueMatrix Holdings, LLC	One stop	SF +	5.25%	(h)	9.55%		01/2031	1,325		1,319		0.3		1,325
Beverages
								4,185		4,152		1.1		4,185
Financial Information Technologies, LLC	One stop	SF +	4.75%	(h)	8.42%		06/2030	1,478		1,460		0.4		1,478
Chemicals
Financial Information Technologies, LLC	One stop	SF +	4.75%	(h)	8.42%		06/2030	619		613		0.1		619
AP Adhesives Holdings, LLC	One stop	SF +	4.75%		N/A(6)		04/2032	—		—		—		—
Financial Information Technologies, LLC(5)	One stop				N/A(6)		06/2030	—		(1)		—		—
AP Adhesives Holdings, LLC	One stop	SF +	4.75%	(g)	9.07%		04/2031	2		2		—		2
Financial Information Technologies, LLC	One stop	SF +	4.75%	(h)	8.42%		06/2030	1,133		1,130		0.3		1,133
AP Adhesives Holdings, LLC	One stop	SF +	4.75%	(h)	8.80%		04/2032	267		265		0.1		265
Spindrift Beverage Co. Inc.(5)	One stop				N/A(6)		02/2032	—		(2)		—		—
Krayden Holdings, Inc.	Senior secured	SF +	4.75%	(g)	9.08%		03/2029	169		168		—		169
Spindrift Beverage Co. Inc.(5)	One stop				N/A(6)		02/2032	—		(1)		—		—
Krayden Holdings, Inc.	Senior secured	SF +	4.75%	(g)	9.08%		03/2029	1		—		—		1
Spindrift Beverage Co. Inc.	One stop	SF +	5.00%	(h)	8.94%		02/2032	1,131		1,118		0.3		1,131
Krayden Holdings, Inc.	Senior secured	SF +	4.75%	(g)	9.06%		03/2029	34		33		—		34
								4,361		4,317		1.1		4,361
								473		468		0.1		471
Building Products
Commercial Services & Supplies
BECO Holding Company, Inc.	One stop	SF +	5.25%	(h)	9.07%		11/2028	125		124		—		125
BradyIFS Holdings, LLC	One stop	SF +	5.00%	(h)	9.32%		10/2029	40		38		—		40
BECO Holding Company, Inc.(5)	One stop				N/A(6)		11/2028	—		(1)		—		—
BradyIFS Holdings, LLC	One stop	SF +	5.00%	(h)	9.28%		10/2029	4,096		4,030		1.1		4,096
								125		123		—		125
CHA Vision Holdings, Inc.	One stop	SF +	5.00%	(h)	9.27%		01/2031	3,248		3,218		0.9		3,248
Capital Markets
CHA Vision Holdings, Inc.	One stop	SF +	5.00%	(h)	9.29%		01/2031	639		629		0.2		639
BlueMatrix Holdings, LLC	One stop	SF +	4.75%	(h)	8.42%		01/2031	2,566		2,544		0.7		2,566
CHA Vision Holdings, Inc.(5)	One stop	SF +	5.00%		N/A(6)		01/2030	—		(2)		—		—
BlueMatrix Holdings, LLC	One stop	SF +	4.75%	(h)	8.42%		01/2031	237		233		0.1		237
Kleinfelder Intermediate, LLC	One stop	SF +	5.00%	(h)	9.28%		09/2030	462		451		0.1		462
BlueMatrix Holdings, LLC	One stop	SF +	4.75%	(h)	8.42%		01/2031	863		856		0.2		863
Kleinfelder Intermediate, LLC(5)	One stop	SF +	5.00%		N/A(6)		09/2028	—		(1)		—		—
BlueMatrix Holdings, LLC	One stop	SF +	4.75%	(h)	8.42%		01/2031	1,318		1,309		0.3		1,318
Kleinfelder Intermediate, LLC	One stop	SF +	5.00%	(h)	9.28%		09/2030	50		49		—		50
BlueMatrix Holdings, LLC	One stop	SF +	4.75%	(h)	8.42%		01/2031	50		50		—		50
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	9.57%		04/2030	129		127		—		129
								5,034		4,992		1.3		5,034
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	9.56%		04/2031	1,652		1,638		0.4		1,652
Chemicals
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	9.56%		04/2031	173		171		0.1		173
AP Adhesives Holdings, LLC	One stop				N/A(6)		04/2032	—		—		—		—
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	9.58%		04/2031	275		274		0.1		275
AP Adhesives Holdings, LLC	One stop				N/A(6)		04/2031	—		—		—		—
WRE Holding Corp.(5)	One stop	SF +	5.00%		N/A(6)		07/2030	—		(3)		—		—
AP Adhesives Holdings, LLC	One stop	SF +	4.75%	(h)	8.66%		04/2032	266		265		0.1		266
WRE Holding Corp.	One stop	SF +	5.00%	(i)	9.22%		07/2031	2,617		2,595		0.7		2,617
JSG II, Inc. and Checkers USA, Inc.	One stop	SF +	4.50%	(g)	8.23%		09/2032	421		419		0.1		421
WRE Holding Corp.	One stop	SF +	5.00%	(h)(i)	9.17%		07/2031	47		47		—		47
JSG II, Inc. and Checkers USA, Inc.	One stop				N/A(6)		09/2032	—		—		—		—
WRE Holding Corp.	One stop	SF +	5.00%	(i)	9.17%		07/2031	287		286		0.1		287
JSG II, Inc. and Checkers USA, Inc.	One stop				N/A(6)		09/2032	—		—		—		—
WRE Holding Corp.	One stop	SF +	5.00%	(i)	9.13%		07/2031	173		172		0.1		173
Krayden Holdings, Inc.	Senior secured	SF +	4.75%	(g)	8.42%		03/2029	168		167		—		168
WRE Holding Corp.	One stop	SF +	5.00%	(i)	9.12%		07/2031	135		134		—		135
Krayden Holdings, Inc.	Senior secured	SF +	4.75%	(g)(h)	8.46%		03/2029	19		19		—		19
								14,023		13,853		3.8		14,023
Krayden Holdings, Inc.	Senior secured	SF +	4.75%	(g)	8.42%		03/2029	52		52		—		52
Construction & Engineering
								926		922		0.2		926
Consor Intermediate II, LLC	One stop	SF +	4.50%	(h)	8.80%		05/2031	2,891		2,879		0.8		2,891
Commercial Services & Supplies
Consor Intermediate II, LLC	One stop	SF +	4.50%	(h)	8.80%		05/2031	490		488		0.1		490
CHA Vision Holdings, Inc.	One stop	SF +	5.00%	(h)	8.87%		01/2031	3,231		3,204		0.8		3,231
Consor Intermediate II, LLC(5)	One stop	SF +	4.50%		N/A(6)		05/2031	—		(8)		—		—
CHA Vision Holdings, Inc.	One stop	SF +	5.00%	(h)	8.87%		01/2031	1,052		1,043		0.3		1,052
DCCM, LLC	One stop	SF +	4.75%	(h)	9.07%		06/2032	238		236		—		237
CHA Vision Holdings, Inc.(5)	One stop				N/A(6)		01/2030	—		(2)		—		—
DCCM, LLC	One stop	SF +	4.75%		N/A(6)		06/2032	—		—		—		—
CHA Vision Holdings, Inc.	One stop	SF +	5.00%	(h)	8.87%		01/2031	50		50		—		50
DCCM, LLC(5)	One stop	SF +	4.75%		N/A(6)		06/2032	—		(1)		—		(1)
CHA Vision Holdings, Inc.	One stop	SF +	5.00%	(h)	8.82%		01/2031	3		2		—		3
Royal Holdco Corporation	One stop	SF +	4.50%		N/A(6)		12/2030	—		—		—		—
Dispatch Acquisition Holdings, LLC	One stop	SF +	4.75%	(h)	8.42%		11/2032	846		842		0.2		842
Royal Holdco Corporation	One stop	SF +	4.50%	(h)	8.83%		12/2030	11		10		—		11
Dispatch Acquisition Holdings, LLC	One stop	SF +	4.75%	(a)(h)	8.59%		11/2032	56		55		—		55
Kleinfelder Intermediate, LLC	One stop	SF +	5.00%	(h)	8.84%		09/2030	459		450		0.1		459

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments ~~(unaudited)~~ - (continued)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)				MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
Royal Holdco Corporation	One stop	SF +	4.50%	(h)	8.81%				12/2030	$	265	$	262	0.1	%	$	265
Kleinfelder Intermediate, LLC(5)	One stop				N/A(6)				09/2028	$	—	$	(1)	—	%	$	—
										3,895		3,866		1.0		3,893
Kleinfelder Intermediate, LLC	One stop	SF +	5.00%	(h)	8.84%				09/2030	50		49		—		50
Diversified Consumer Services
Pearl Acquisition Buyer, Inc.	One stop	SF +	4.50%	(h)	8.17%				12/2032	3		3		—		3
Any Hour, LLC	One stop	SF +	5.25%	(h)	9.55%				05/2030	2,000		1,975		0.5		1,880
Pearl Acquisition Buyer, Inc.	One stop	SF +	4.50%	(h)	8.17%				12/2032	274		273		0.1		273
Any Hour, LLC	One stop	SF +	5.25%	(h)	9.54%				05/2030	165		161		0.1		146
Pearl Acquisition Buyer, Inc.	One stop				N/A(6)				12/2032	—		—		—		—
Any Hour, LLC	One stop	SF +	5.25%	(h)	9.55%				05/2030	57		53		—		53
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	8.97%				04/2030	133		131		—		133
Any Hour, LLC(17)	One stop	N/A			13.00%	PIK			05/2031	704		694		0.2		648
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	8.99%				04/2031	1,643		1,631		0.4		1,643
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	9.31%				10/2030	50		50		—		50
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	9.00%				04/2031	206		205		0.1		206
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	9.33%				10/2030	1,083		1,060		0.3		1,083
PSC Parent, Inc.	One stop	SF +	5.25%	(g)	8.97%				04/2031	274		273		0.1		274
Apex Service Partners, LLC(5)	One stop	SF +	5.00%		N/A(6)				10/2029	—		(11)		—		—
Trinity Air Consultants Holdings Corporation	One stop				N/A(6)				06/2029	—		—		—		—
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	9.33%				10/2030	4,550		4,448		1.2		4,550
Trinity Air Consultants Holdings Corporation	One stop	SF +	4.50%	(h)	8.50%				06/2029	17		17		—		17
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	9.28%				10/2030	50		49		—		50
Trinity Air Consultants Holdings Corporation	One stop	SF +	4.50%	(g)(h)	8.44%				06/2029	51		51		—		50
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	9.31%				10/2030	21		20		—		21
Trinity Air Consultants Holdings Corporation	One stop	SF +	4.50%	(h)	8.48%				06/2029	108		107		—		107
CHVAC Services Investment, LLC	One stop	SF +	4.50%	(h)	8.82%				05/2030	4,255		4,241		1.1		4,255
Trinity Air Consultants Holdings Corporation	One stop				N/A(6)				06/2029	—		—		—		—
CHVAC Services Investment, LLC(5)	One stop	SF +	4.50%		N/A(6)				05/2030	—		(3)		—		—
WRE Holding Corp.(5)	One stop				N/A(6)				07/2030	—		(3)		—		—
CHVAC Services Investment, LLC	One stop	SF +	4.50%	(h)	8.80%				05/2030	1,107		1,095		0.3		1,107
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.87%				07/2031	2,604		2,584		0.7		2,604
CHVAC Services Investment, LLC	One stop	SF +	4.50%	(h)	8.80%				05/2030	—		—		—		—
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.62%				07/2031	286		285		0.1		286
Entomo Brands Acquisitions, Inc.	Senior secured	SF +	5.50%	(h)	9.95%				07/2029	197		195		0.1		197
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.60%				07/2031	172		172		—		172
Entomo Brands Acquisitions, Inc.	Senior secured	SF +	5.50%	(h)	9.95%				07/2029	9		9		—		9
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.60%				07/2031	134		133		—		134
Entomo Brands Acquisitions, Inc.	Senior secured	SF +	5.50%	(h)	9.95%				07/2029	57		56		—		57
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.60%				07/2031	47		47		—		47
HS Spa Holdings, Inc.	One stop	SF +	5.25%	(h)	9.58%				06/2029	468		463		0.1		468
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.60%				07/2031	48		48		—		48
HS Spa Holdings, Inc.	One stop	P +	4.25%	(a)(g)	10.75%				06/2028	14		14		—		14
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.60%				07/2031	30		30		—		30
HS Spa Holdings, Inc.	One stop	SF +	5.25%	(h)	9.55%				06/2029	155		154		—		155
WRE Holding Corp.(5)	One stop				N/A(6)				07/2031	—		(1)		—		—
Litera Bidco, LLC	One stop	SF +	5.00%		N/A(6)				05/2028	—		—		—		—
WRE Holding Corp.	One stop	SF +	5.00%	(i)	8.71%				07/2031	21		21		—		21
Litera Bidco, LLC	One stop	SF +	5.00%	(g)	9.33%				05/2028	1,868		1,862		0.5		1,868
										11,798		11,699		2.9		11,790
Litera Bidco, LLC	One stop	SF +	5.00%	(g)	9.33%				05/2028	746		744		0.2		746
Construction & Engineering
Litera Bidco, LLC	One stop	SF +	5.00%		N/A(6)				05/2028	—		—		—		—
Consor Intermediate II, LLC	One stop	SF +	4.50%	(h)	8.17%				05/2031	3,352		3,340		0.8		3,352
NSG Buyer, Inc.	One stop	SF +	5.00%	(h)	9.30%				11/2029	5,161		5,071		1.4		5,161
Consor Intermediate II, LLC	One stop	SF +	4.50%	(h)	8.17%				05/2031	123		120		—		123
NSG Buyer, Inc.	One stop	SF +	5.00%	(h)	9.30%				11/2028	23		21		—		23
Consor Intermediate II, LLC(5)	One stop				N/A(6)				05/2031	—		(5)		—		—
NSG Buyer, Inc.	One stop	SF +	5.00%		N/A(6)				11/2029	—		—		—		—
DCCM, LLC	One stop	SF +	4.75%	(g)	8.47%				06/2032	237		235		0.1		237
NSG Buyer, Inc. (5)	One stop	SF +	5.00%		N/A(6)				11/2029	—		(2)		—		—
DCCM, LLC	One stop				N/A(6)				06/2032	—		—		—		—
Severin Acquisition, LLC(17)	One stop	SF +	5.00%	(g)	7.08%	cash/	2.25%	PIK	10/2031	2,222		2,203		0.6		2,200
DCCM, LLC(5)	One stop				N/A(6)				06/2032	—		(1)		—		—
Severin Acquisition, LLC	One stop	SF +	4.75%	(g)	9.08%				10/2031	120		118		—		118
Royal Holdco Corporation	One stop	SF +	4.50%	(h)	8.20%				12/2030	31		30		—		31
Severin Acquisition, LLC(17)	One stop	SF +	5.00%	(g)	7.08%	cash/	2.25%	PIK	10/2031	61		59		—		56
Royal Holdco Corporation	One stop	SF +	4.50%	(h)	8.29%				12/2030	19		19		—		19
Stellar Brands, LLC	Senior secured	SF +	4.50%	(i)	8.72%				02/2031	462		459		0.1		462
Royal Holdco Corporation	One stop	SF +	4.50%	(h)	8.24%				12/2030	263		261		0.1		263
Stellar Brands, LLC	Senior secured	SF +	4.50%		N/A(6)				02/2031	—		—		—		—
										4,025		3,999		1.0		4,025
Virginia Green Acquisition, LLC	One stop	SF +	5.25%	(i)	9.42%				12/2030	3,606		3,578		1.0		3,606
Diversified Consumer Services
Virginia Green Acquisition, LLC(5)	One stop	SF +	5.25%		N/A(6)				12/2029	—		(4)		—		—
ABC Legal Holdings, LLC	One stop	SF +	4.50%	(h)	8.34%				08/2032	619		616		0.2		619
Virginia Green Acquisition, LLC	One stop	SF +	5.25%	(i)	9.48%				12/2030	1,010		991		0.3		1,010
ABC Legal Holdings, LLC(5)	One stop				N/A(6)				08/2032	—		(1)		—		—
										30,221		29,823		8.0		29,993
ABC Legal Holdings, LLC(5)	One stop				N/A(6)				08/2032	—		(1)		—		—
Diversified Financial Services
Action Termite Control, LLC	Senior secured				N/A(6)				12/2032	—		—		—		—
Baker Tilly Advisory Group, LP(5)	One stop	SF +	4.50%		N/A(6)				06/2030	—		(3)		—		(3)
Action Termite Control, LLC	Senior secured	SF +	4.25%	(h)	7.96%				12/2032	86		85		—		85
Baker Tilly Advisory Group, LP(5)	One stop	SF +	4.50%		N/A(6)				06/2031	—		—		—		(1)
Action Termite Control, LLC(5)	Senior secured				N/A(6)				12/2032	—		(1)		—		(1)
Baker Tilly Advisory Group, LP	One stop	SF +	4.75%	(g)	9.08%				06/2031	1,280		1,265		0.4		1,283
Any Hour, LLC	One stop	SF +	5.25%	(h)	8.92%				05/2030	1,989		1,967		0.5		1,870
Baker Tilly Advisory Group, LP	One stop	SF +	4.50%	(g)	8.83%				06/2031	219		218		0.1		217
Any Hour, LLC	One stop	SF +	5.25%	(g)(h)	8.96%				05/2030	256		253		0.1		238
Equity Methods, LLC	One stop	SF +	4.75%	(h)	9.05%				04/2032	907		903		0.2		903
Any Hour, LLC	One stop	SF +	5.25%	(h)	8.92%				05/2030	56		53		—		53
Equity Methods, LLC(5)	One stop	SF +	4.75%		N/A(6)				04/2032	—		(1)		—		(1)
Any Hour, LLC(18)	One stop	N/A			13.00%	PIK			05/2031	752		742		0.2		646
Equity Methods, LLC(5)	One stop	SF +	4.75%		N/A(6)				04/2032	—		(1)		—		(1)
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	8.78%				10/2030	50		49		—		50
Higginbotham Insurance Agency, Inc.	One stop	SF +	4.50%	(g)	8.83%				11/2028	874		869		0.2		865
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	8.82%				10/2030	1,077		1,056		0.3		1,080
Higginbotham Insurance Agency, Inc.	One stop	SF +	4.75%	(g)	9.08%				11/2028	250		248		0.1		248
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	8.71%				10/2029	95		85		—		95
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	8.82%				10/2030	4,527		4,435		1.1		4,538
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	8.84%				10/2030	50		49		—		50
Apex Service Partners, LLC	One stop	SF +	5.00%	(h)	8.81%				10/2030	34		34		—		34
Aptive Environmental, LLC	One stop	SF +	4.75%	(g)	8.47%				10/2032	1,504		1,489		0.4		1,489

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments ~~(unaudited)~~ - (continued)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)				MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
Wealth Enhancement Group, LLC	One stop	SF +	5.00%		N/A(6)				10/2028	$	—	$	—	—	%	$	—
Aptive Environmental, LLC(5)	One stop				N/A(6)				10/2032	$	—	$	(1)	—	%	$	(1)
Wealth Enhancement Group, LLC	One stop	SF +	5.00%	(h)	9.28%				10/2028	159		159		—		159
Aptive Environmental, LLC(5)	One stop				N/A(6)				10/2032	—		—		—		(1)
Wealth Enhancement Group, LLC	One stop	SF +	5.00%	(h)	9.28%				10/2028	221		220		0.1		221
CHVAC Services Investment, LLC	One stop	SF +	4.50%	(h)	8.17%				05/2030	4,255		4,243		1.1		4,255
Wealth Enhancement Group, LLC	One stop	SF +	5.00%	(g)(h)	9.31%				10/2028	42		41		—		42
CHVAC Services Investment, LLC	One stop	SF +	4.50%	(g)	8.23%				05/2030	84		82		—		84
										3,952		3,918		1.1		3,932
CHVAC Services Investment, LLC	One stop	SF +	4.50%	(h)	8.17%				05/2030	1,107		1,096		0.3		1,107
Electric Utilities
CHVAC Services Investment, LLC	One stop				N/A(6)				05/2030	—		—		—		—
Smart Energy Systems, Inc.(17)	One stop	SF +	7.50%	(i)	7.88%	cash/	3.75%	PIK	01/2030	44		44		—		42
Entomo Brands Acquisitions, Inc.	Senior secured	SF +	5.50%	(h)	9.32%				07/2029	196		194		—		196
Smart Energy Systems, Inc.(17)	One stop	SF +	7.50%	(h)(i)	8.01%	cash/	3.75%	PIK	01/2030	400		392		0.1		392
Entomo Brands Acquisitions, Inc.	Senior secured	SF +	5.50%	(h)	9.32%				07/2029	5		4		—		5
										444		436		0.1		434
Entomo Brands Acquisitions, Inc.	Senior secured	SF +	5.50%	(h)	9.32%				07/2029	57		56		—		57
Electrical Equipment
HS Spa Holdings, Inc.	One stop	SF +	5.25%	(h)	9.07%				06/2029	465		461		0.1		465
Power Grid Holdings, Inc.	One stop	SF +	4.75%	(a)(h)	9.05%				12/2030	129		127		—		129
HS Spa Holdings, Inc.	One stop	SF +	5.25%	(a)(g)	8.97%				06/2028	15		15		—		15
Power Grid Holdings, Inc.	One stop	SF +	4.75%	(g)	9.06%				12/2030	2		1		—		2
HS Spa Holdings, Inc.	One stop	SF +	5.25%	(h)	9.09%				06/2029	154		153		—		154
Wildcat TopCo, Inc.	One stop	SF +	4.75%	(h)	9.05%				11/2031	1,458		1,444		0.4		1,458
Kodiak Buyer, LLC	One stop	SF +	4.50%	(h)	8.17%				07/2032	246		244		0.1		246
Wildcat TopCo, Inc.	One stop	P +	3.75%	(a)	11.25%				11/2031	21		19		—		21
Kodiak Buyer, LLC	One stop				N/A(6)				07/2032	—		—		—		—
Wildcat TopCo, Inc.(5)	One stop	SF +	5.00%		N/A(6)				11/2031	—		(1)		—		—
Kodiak Buyer, LLC	One stop				N/A(6)				07/2032	—		—		—		—
										1,610		1,590		0.4		1,610
Litera Bidco, LLC	One stop				N/A(6)				05/2028	—		—		—		—
Electronic Equipment, Instruments & Components
Litera Bidco, LLC	One stop	SF +	5.00%	(g)	8.72%				05/2028	1,859		1,853		0.5		1,859
CST Holding Company	One stop	SF +	5.00%	(g)	9.43%				11/2028	1,554		1,504		0.4		1,554
Litera Bidco, LLC	One stop	SF +	5.00%	(g)	8.72%				05/2028	742		741		0.2		742
CST Holding Company(5)	One stop	SF +	5.00%		N/A(6)				11/2028	—		(2)		—		—
Litera Bidco, LLC	One stop				N/A(6)				05/2028	—		—		—		—
										1,554		1,502		0.4		1,554
NSG Buyer, Inc.	One stop	SF +	5.00%	(h)	8.67%				11/2029	5,222		5,142		1.3		5,222
Food Products
NSG Buyer, Inc.	One stop	SF +	5.00%	(h)	8.67%				11/2028	23		21		—		23
Blast Bidco Inc.	One stop	SF +	6.00%	(h)	10.30%				10/2030	3,861		3,818		1.0		3,861
NSG Buyer, Inc. (5)	One stop				N/A(6)				11/2029	—		(1)		—		—
Blast Bidco Inc.(5)	One stop	SF +	6.00%		N/A(6)				10/2029	—		(5)		—		—
Salisbury House, LLC	One stop	SF +	5.00%	(g)	8.72%				08/2032	25		24		—		25
Eagle Family Foods Group, LLC	One stop	SF +	5.00%	(h)(i)	9.01%				08/2030	804		797		0.2		804
Salisbury House, LLC(5)	One stop				N/A(6)				08/2032	—		(1)		—		—
Eagle Family Foods Group, LLC(5)	One stop	SF +	5.00%		N/A(6)				08/2030	—		(1)		—		—
Salisbury House, LLC	One stop	SF +	5.00%	(i)	8.73%				08/2032	1,229		1,223		0.3		1,229
Zullas, L.C.	One stop	SF +	4.75%		N/A(6)				06/2031	—		—		—		—
SCP CDH Buyer, Inc.	One stop	SF +	4.50%	(h)	8.17%				12/2032	424		422		0.1		420
Zullas, L.C.	One stop	SF +	4.75%	(h)	9.07%				06/2031	176		175		0.1		175
SCP CDH Buyer, Inc.	One stop				N/A(6)				12/2032	—		—		—		—
Zullas, L.C.(5)	One stop	SF +	4.75%		N/A(6)				06/2031	—		(1)		—		(1)
SCP CDH Buyer, Inc.(5)	One stop				N/A(6)				12/2032	—		(1)		—		(1)
										4,841		4,783		1.3		4,839
Severin Acquisition, LLC(18)	One stop	SF +	4.75%	(g)	6.22%	cash/	2.25%	PIK	10/2031	2,237		2,219		0.6		2,215
Healthcare Equipment & Supplies
Severin Acquisition, LLC(5)	One stop				N/A(6)				10/2031	—		(2)		—		(3)
Belmont Instrument, LLC	One stop	SF +	5.25%	(h)	9.55%				08/2028	1,273		1,256		0.4		1,273
Severin Acquisition, LLC(18)	One stop	SF +	4.75%	(g)	6.22%	cash/	2.25%	PIK	10/2031	97		95		—		93
Belmont Instrument, LLC(5)	One stop	SF +	5.25%		N/A(6)				08/2028	—		(1)		—		—
Stellar Brands, LLC	Senior secured	SF +	4.50%	(h)	8.17%				02/2031	460		457		0.1		460
HuFriedy Group Acquisition, LLC	One stop	SF +	5.50%	(h)	9.83%				06/2031	2,671		2,648		0.7		2,671
Stellar Brands, LLC	Senior secured				N/A(6)				02/2031	—		—		—		—
HuFriedy Group Acquisition, LLC	One stop	SF +	5.50%	(h)	9.81%				05/2030	18		15		—		18
Virginia Green Acquisition, LLC	One stop	SF +	5.25%	(i)	8.86%				12/2030	4,749		4,715		1.2		4,725
HuFriedy Group Acquisition, LLC	One stop	SF +	5.50%	(h)	9.80%				06/2031	517		508		0.1		517
Virginia Green Acquisition, LLC(5)	One stop				N/A(6)				12/2029	—		(4)		—		(3)
TIDI Legacy Products, Inc.	One stop	SF +	4.50%	(g)	8.83%				12/2029	398		398		0.1		398
Virginia Green Acquisition, LLC(5)	One stop				N/A(6)				12/2030	—		(2)		—		(2)
TIDI Legacy Products, Inc.	One stop	SF +	4.50%		N/A(6)				12/2029	—		—		—		—
Virginia Green Acquisition, LLC	One stop				N/A(6)				12/2030	—		—		—		—
TIDI Legacy Products, Inc.	One stop	SF +	5.00%		N/A(6)				12/2029	—		—		—		—
										34,746		34,358		8.7		34,432
YI, LLC	One stop	SF +	5.75%	(g)	10.06%				12/2029	1,552		1,528		0.4		1,536
Diversified Financial Services
YI, LLC(5)	One stop	SF +	5.75%		N/A(6)				12/2029	—		(4)		—		(3)
Baker Tilly Advisory Group, LP(5)	One stop				N/A(6)				06/2030	—		(3)		—		—
										6,429		6,348		1.7		6,410
Baker Tilly Advisory Group, LP	One stop	SF +	4.75%	(g)	8.47%				06/2031	1,273		1,260		0.3		1,277
Healthcare Providers & Services
Baker Tilly Advisory Group, LP	One stop	SF +	4.25%	(g)	7.97%				06/2031	233		232		0.1		233
Bamboo US Bidco LLC(7)(8)	One stop	E +	5.25%	(c)	7.44%				09/2030	362		317		0.1		362
Baker Tilly Advisory Group, LP	One stop				N/A(6)				06/2031	—		—		—		—
Bamboo US Bidco LLC	One stop	SF +	5.25%	(h)	9.58%				09/2030	8		8		—		8
Banker's Toolbox, Inc.	One stop	SF +	4.50%	(h)	8.17%				07/2029	189		188		—		189
Bamboo US Bidco LLC	One stop	SF +	5.25%		N/A(6)				09/2030	—		—		—		—
Banker's Toolbox, Inc.(5)	One stop				N/A(6)				07/2029	—		(1)		—		—
Bamboo US Bidco LLC	One stop	SF +	5.25%	(h)	9.53%				09/2030	76		75		—		76
Deerfield Dakota Holding, LLC(5)	One stop				N/A(6)				09/2032	—		(2)		—		—
Bamboo US Bidco LLC(5)	One stop	SF +	5.25%		N/A(6)				10/2029	—		(2)		—		—
Deerfield Dakota Holding, LLC(18)	One stop	SF +	5.75%	(h)	6.67%	cash/	2.75%	PIK	09/2032	1,878		1,860		0.5		1,878
Bamboo US Bidco LLC	One stop	SF +	5.25%	(h)	9.53%				09/2030	494		484		0.1		494
Equity Methods, LLC	One stop	SF +	4.75%	(h)	8.42%				04/2032	907		903		0.3		907
Benefit Plan Administrators of Eau Claire, LLC	One stop	SF +	5.00%	(h)	9.29%				11/2030	231		230		0.1		231
Equity Methods, LLC(5)	One stop				N/A(6)				04/2032	—		(1)		—		—
Benefit Plan Administrators of Eau Claire, LLC	One stop	SF +	5.00%		N/A(6)				11/2030	—		—		—		—
Equity Methods, LLC(5)	One stop				N/A(6)				04/2032	—		(1)		—		—
Benefit Plan Administrators of Eau Claire, LLC(5)	One stop	SF +	5.00%		N/A(6)				11/2030	—		(1)		—		—
Higginbotham Insurance Agency, Inc.	One stop	SF +	4.50%	(g)(h)	8.22%				06/2031	1,226		1,221		0.3		1,223
Benefit Plan Administrators of Eau Claire, LLC	One stop	SF +	5.00%	(h)	9.29%				11/2030	1,239		1,232		0.4		1,239
Higginbotham Insurance Agency, Inc.	One stop				N/A(6)				06/2031	—		—		—		—
Higginbotham Insurance Agency, Inc.	One stop				N/A(6)				06/2031	—		—		—		—
Wealth Enhancement Group, LLC	One stop				N/A(6)				10/2028	—		—		—		—

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments ~~(unaudited)~~ - (continued)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)				MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
BHG Holdings, LLC	One stop	SF +	5.50%	(g)	9.83%				04/2032	$	1,916	$	1,899	0.5	%	$	1,899
Wealth Enhancement Group, LLC	One stop	SF +	4.50%	(h)	8.49%				10/2028	$	158	$	158	—	%	$	158
BHG Holdings, LLC(5)	One stop	SF +	5.50%		N/A(6)				04/2032	—		(2)		—		(2)
Wealth Enhancement Group, LLC	One stop	SF +	4.50%	(h)	8.49%				10/2028	220		219		0.1		220
BHG Holdings, LLC(5)	One stop	SF +	5.50%		N/A(6)				04/2032	—		(5)		—		(5)
Wealth Enhancement Group, LLC	One stop	SF +	4.50%	(h)	8.36%				10/2028	157		157		—		157
Community Care Partners, LLC	One stop	SF +	6.00%	(g)	10.44%				06/2026	141		141		—		141
Wealth Enhancement Group, LLC	One stop				N/A(6)				10/2028	—		—		—		—
LOV Acquisition LLC	Senior secured	SF +	4.25%	(g)	8.58%				11/2031	1,581		1,573		0.4		1,581
Wealth Enhancement Group, LLC	One stop	SF +	4.50%	(h)	8.49%				10/2028	13		13		—		13
LOV Acquisition LLC(5)	Senior secured	SF +	4.25%		N/A(6)				11/2031	—		(1)		—		—
Wealth Enhancement Group, LLC	One stop	SF +	4.50%	(h)	8.49%				10/2028	57		57		—		57
Premise Health Holding Corp.	One stop	SF +	5.25%	(h)	9.55%				03/2031	4,957		4,897		1.3		4,957
										6,311		6,260		1.6		6,312
Premise Health Holding Corp.	One stop	SF +	5.25%	(g)	9.57%				03/2030	39		32		—		39
Electric Utilities
PPV Intermediate Holdings, LLC	One stop	SF +	5.75%	(h)	10.08%				08/2029	3,724		3,685		1.0		3,724
Smart Energy Systems, Inc.(18)	One stop	SF +	7.50%	(h)	7.74%	cash/	3.75%	PIK	01/2030	45		44		—		44
PPV Intermediate Holdings, LLC(17)	One stop	N/A			14.75%	PIK			08/2030	1,795		1,765		0.5		1,826
Smart Energy Systems, Inc.(18)	One stop	SF +	7.50%	(h)	7.74%	cash/	3.75%	PIK	01/2030	408		401		0.1		400
PPV Intermediate Holdings, LLC(17)	One stop	N/A			13.75%	PIK			08/2030	532		526		0.2		532
										453		445		0.1		444
PPV Intermediate Holdings, LLC(17)	One stop	N/A			13.75%	PIK			08/2030	123		122		—		123
Electrical Equipment
PPV Intermediate Holdings, LLC(17)	One stop	N/A			13.75%	PIK			08/2030	23		22		—		23
Power Grid Holdings, Inc.	One stop	SF +	4.75%	(h)	8.42%				12/2030	92		91		—		91
PPV Intermediate Holdings, LLC(17)	One stop	N/A			13.75%	PIK			08/2030	22		21		—		22
Power Grid Holdings, Inc.	One stop	P +	3.75%	(a)	10.50%				12/2030	3		3		—		3
PPV Intermediate Holdings, LLC(5)	One stop	SF +	5.75%		N/A(6)				08/2029	—		(3)		—		—
Wildcat TopCo, Inc.	One stop	SF +	4.50%	(h)	8.32%				11/2031	1,237		1,227		0.3		1,237
PPV Intermediate Holdings, LLC	One stop	SF +	5.25%	(h)	9.58%				08/2029	157		155		0.1		157
Wildcat TopCo, Inc.(5)	One stop				N/A(6)				11/2031	—		(2)		—		—
										17,420		17,170		4.7		17,427
Wildcat TopCo, Inc.(5)	One stop				N/A(6)				11/2031	—		(1)		—		—
Healthcare Technology
										1,332		1,318		0.3		1,331
Amberfield Acquisition Co.(5)	One stop	SF +	5.50%		N/A(6)				05/2030	—		(1)		—		—
Electronic Equipment, Instruments & Components
Amberfield Acquisition Co.	One stop	SF +	5.50%	(h)	9.80%				05/2030	2,030		2,013		0.6		2,030
CST Holding Company	One stop	SF +	5.00%	(g)	8.82%				11/2028	1,546		1,504		0.4		1,546
Amberfield Acquisition Co.	One stop	SF +	5.50%	(h)	9.80%				05/2030	50		48		—		50
CST Holding Company(5)	One stop				N/A(6)				11/2028	—		(1)		—		—
Color Intermediate, LLC	Senior secured	SF +	4.75%	(h)	9.15%				10/2029	718		710		0.2		711
										1,546		1,503		0.4		1,546
Crow River Buyer, Inc.	One stop	SF +	6.00%	(h)	10.28%				01/2029	258		255		0.1		258
Food & Staples Retailing
Crow River Buyer, Inc.(5)	One stop	SF +	6.00%		N/A(6)				01/2029	—		(1)		—		—
GMF Parent, Inc.	One stop				N/A(6)				12/2032	—		—		—		—
Crow River Buyer, Inc.	One stop	SF +	6.00%	(g)	10.32%				01/2029	547		543		0.1		547
GMF Parent, Inc.	One stop	SF +	4.50%	(h)	8.20%				12/2032	237		235		0.1		235
GHX Ultimate Parent Corporation	One stop	SF +	4.75%	(h)	9.05%				12/2031	3,109		3,080		0.8		3,109
GMF Parent, Inc.	One stop				N/A(6)				12/2032	—		—		—		—
GHX Ultimate Parent Corporation(5)	One stop	SF +	4.75%		N/A(6)				12/2031	—		(3)		—		—
GMF Parent, Inc.	One stop				N/A(6)				12/2032	—		—		—		—
Kona Buyer, LLC	One stop	SF +	7.00%		N/A(6)				07/2031	—		—		—		—
										237		235		0.1		235
Kona Buyer, LLC	One stop	SF +	4.50%	(h)	8.78%				07/2031	233		231		0.1		232
Food Products
Kona Buyer, LLC	One stop	SF +	4.50%	(h)	8.78%				07/2031	14		14		—		14
Blast Bidco Inc.	One stop	SF +	6.00%	(h)	9.67%				10/2030	3,842		3,802		1.0		3,842
Kona Buyer, LLC	One stop	SF +	4.50%	(h)	8.80%				07/2031	4		4		—		4
Blast Bidco Inc.(5)	One stop				N/A(6)				10/2029	—		(4)		—		—
Kona Buyer, LLC(5)	One stop	SF +	4.50%		N/A(6)				07/2031	—		—		—		(1)
Eagle Family Foods Group, LLC	One stop	SF +	5.00%	(i)	8.79%				08/2030	753		747		0.2		753
Kona Buyer, LLC(5)	One stop	SF +	4.50%		N/A(6)				07/2031	—		—		—		(1)
Eagle Family Foods Group, LLC(5)	One stop				N/A(6)				08/2030	—		(1)		—		—
Kona Buyer, LLC	One stop	SF +	4.50%		N/A(6)				07/2031	—		—		—		—
Zullas, L.C.	One stop				N/A(6)				06/2031	—		—		—		—
Kona Buyer, LLC	One stop	SF +	4.50%		N/A(6)				07/2031	—		—		—		—
Zullas, L.C.	One stop	SF +	4.75%	(g)	8.47%				06/2031	175		174		—		175
Modernizing Medicine, Inc.(17)	One stop	SF +	5.25%	(h)	6.80%	cash/	2.75%	PIK	04/2032	3,446		3,412		0.9		3,411
Zullas, L.C.	One stop	SF +	4.75%	(g)	8.47%				06/2031	29		28		—		29
Modernizing Medicine, Inc.(5)	One stop	SF +	4.75%		N/A(6)				04/2032	—		(3)		—		(3)
										4,799		4,746		1.2		4,799
Neptune Holdings, Inc.	One stop	SF +	4.50%	(h)	8.80%				09/2030	1,426		1,404		0.4		1,426
Healthcare Equipment & Supplies
Neptune Holdings, Inc.	One stop	SF +	4.50%		N/A(6)				08/2029	—		—		—		—
Bayou Intermediate II, LLC	One stop				N/A(6)				09/2032	—		—		—		—
Netsmart Technologies, Inc.(17)	One stop	SF +	4.95%	(g)	6.83%	cash/	2.45%	PIK	08/2031	3,020		2,994		0.8		3,020
Bayou Intermediate II, LLC	One stop	SF +	4.75%	(h)	8.42%				09/2032	671		668		0.2		671
Netsmart Technologies, Inc.(5)	One stop	SF +	4.50%		N/A(6)				08/2031	—		(4)		—		—
Bayou Intermediate II, LLC	One stop	SF +	4.75%	(g)(h)	8.43%				09/2032	73		72		—		73
Netsmart Technologies, Inc.(5)	One stop	SF +	6.95%		N/A(6)				08/2031	—		(2)		—		—
Belmont Instrument, LLC	One stop	SF +	5.25%	(h)	8.92%				08/2028	1,266		1,252		0.3		1,266
Plasma Buyer LLC	One stop	SF +	5.75%	(h)	10.05%				05/2029	258		254		0.1		247
Belmont Instrument, LLC(5)	One stop				N/A(6)				08/2028	—		(1)		—		—
Plasma Buyer LLC	One stop	SF +	5.75%	(h)	10.05%				05/2028	29		29		—		28
Blades Buyer, Inc.	Senior secured				N/A(6)				03/2028	—		—		—		—
Plasma Buyer LLC	One stop	SF +	6.25%	(h)	10.55%				05/2029	10		10		—		9
Blades Buyer, Inc.(5)	Senior secured				N/A(6)				03/2028	—		(1)		—		(3)
										15,152		14,987		4.1		15,091
CCSL Holdings, LLC	One stop	SF +	5.75%	(g)	9.47%				12/2028	38		37		—		38
Hotels, Restaurants & Leisure
Centegix Intermediate II, LLC(18)	One stop	SF +	6.00%	(h)	6.63%	cash/	3.25%	PIK	08/2032	1,330		1,323		0.3		1,330
Barteca Restaurants, LLC	One stop	SF +	6.00%	(i)	10.38%				08/2028	28		28		—		28
Centegix Intermediate II, LLC	One stop	SF +	5.50%	(h)	9.31%				08/2032	132		131		—		132
Barteca Restaurants, LLC	One stop	SF +	6.00%	(h)(i)	10.43%				08/2028	63		63		—		63
Centegix Intermediate II, LLC(5)	One stop				N/A(6)				08/2032	—		(2)		—		—
Barteca Restaurants, LLC	One stop	SF +	6.00%	(h)	10.45%				08/2028	102		95		—		102
HuFriedy Group Acquisition, LLC	One stop	SF +	5.50%	(h)	9.32%				06/2031	2,657		2,636		0.7		2,657
HuFriedy Group Acquisition, LLC(5)	One stop				N/A(6)				05/2030	—		(2)		—		—
HuFriedy Group Acquisition, LLC	One stop	SF +	5.50%	(h)(i)	9.18%				06/2031	581		573		0.2		581
HuFriedy Group Acquisition, LLC	One stop	SF +	5.50%	(h)	9.26%				06/2031	54		53		—		54
Isto Group, Inc.	One stop				N/A(6)				09/2032	—		—		—		—

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments ~~(unaudited)~~ - (continued)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)				MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
Barteca Restaurants, LLC	One stop	SF +	6.00%	(h)(i)	10.47%				08/2028	$	558	$	555	0.2	%	$	558
Isto Group, Inc.	One stop	SF +	4.75%	(h)	8.46%				09/2032	$	235	$	234	0.1	%	$	235
Crumbl Enterprises, LLC	One stop	SF +	4.50%	(h)	8.83%				05/2032	2,148		2,138		0.6		2,138
Isto Group, Inc.(5)	One stop				N/A(6)				09/2032	—		(1)		—		—
Crumbl Enterprises, LLC	One stop	SF +	4.50%	(h)	8.83%				05/2032	28		27		—		27
RTI Surgical, Inc.(5)	One stop				N/A(6)				09/2032	—		(1)		—		—
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	1,406		1,390		0.4		1,406
RTI Surgical, Inc.	One stop	SF +	4.75%	(g)	8.47%				09/2032	1,197		1,192		0.3		1,197
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	48		47		—		48
TIDI Legacy Products, Inc.	One stop	SF +	4.50%	(g)	8.22%				12/2029	396		396		0.1		396
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	21		20		—		21
TIDI Legacy Products, Inc.	One stop				N/A(6)				12/2029	—		—		—		—
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	212		210		0.1		212
TIDI Legacy Products, Inc.	One stop	SF +	4.50%	(g)	8.22%				12/2029	106		105		—		106
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	98		97		—		98
YI, LLC	One stop	SF +	5.75%	(g)	9.49%				12/2029	1,544		1,523		0.4		1,544
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	21		19		—		21
YI, LLC(5)	One stop				N/A(6)				12/2029	—		(4)		—		—
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.04%				10/2028	240		239		0.1		240
										10,280		10,183		2.6		10,277
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	115		114		—		115
Healthcare Providers & Services
ESN Venture Holdings, LLC	One stop	SF +	5.75%	(h)	10.05%				10/2028	61		60		—		61
Active Day, Inc.	One stop	SF +	5.00%	(g)	8.72%				05/2027	221		220		0.1		220
GFP Atlantic Holdco 2, LLC	One stop	SF +	6.00%	(h)	10.32%				11/2029	660		652		0.2		660
Active Day, Inc.(5)	One stop				N/A(6)				05/2027	—		—		—		(1)
GFP Atlantic Holdco 2, LLC(5)	One stop	SF +	6.00%		N/A(6)				11/2029	—		(9)		—		—
Active Day, Inc.	One stop	SF +	5.00%	(g)	8.72%				05/2027	75		75		—		75
Health Buyer, LLC	Senior secured	SF +	5.25%	(h)	9.55%				04/2029	125		124		—		125
Bamboo US Bidco LLC(9)	One stop	E +	5.00%	(c)	7.07%				09/2030	360		317		0.1		360
Health Buyer, LLC	Senior secured	SF +	5.50%	(h)	9.80%				04/2029	64		63		—		64
Bamboo US Bidco LLC	One stop	SF +	5.00%	(g)(h)	8.83%				09/2030	85		85		—		85
Health Buyer, LLC	Senior secured	SF +	5.25%		N/A(6)				04/2028	—		—		—		—
Bamboo US Bidco LLC	One stop	SF +	5.00%	(g)	8.79%				09/2030	71		71		—		71
Health Buyer, LLC	Senior secured	SF +	5.50%	(h)	9.80%				04/2029	32		32		—		32
Bamboo US Bidco LLC	One stop	SF +	5.25%	(h)	9.09%				09/2030	75		75		—		75
Health Buyer, LLC	Senior secured	SF +	5.50%	(h)	9.80%				04/2029	29		29		—		29
Bamboo US Bidco LLC(5)	One stop				N/A(6)				10/2029	—		(2)		—		—
PB Group Holdings, LLC(17)	One stop	SF +	5.50%	(g)	7.08%	cash/	2.75%	PIK	08/2030	2,330		2,321		0.6		2,330
Bamboo US Bidco LLC	One stop	SF +	5.25%	(h)	9.09%				09/2030	492		483		0.1		492
PB Group Holdings, LLC	One stop	SF +	5.00%	(g)	9.33%				08/2030	32		31		—		32
Benefit Plan Administrators of Eau Claire, LLC	One stop	SF +	4.75%	(h)	8.57%				11/2030	230		229		0.1		230
QSR Acquisition Co.	One stop	SF +	4.25%	(h)	8.57%				06/2032	3,372		3,359		0.9		3,359
Benefit Plan Administrators of Eau Claire, LLC	One stop				N/A(6)				11/2030	—		—		—		—
QSR Acquisition Co.(5)	One stop	SF +	4.25%		N/A(6)				06/2032	—		(1)		—		(1)
Benefit Plan Administrators of Eau Claire, LLC(5)	One stop				N/A(6)				11/2030	—		(1)		—		—
QSR Acquisition Co.(5)	One stop	SF +	4.25%		N/A(6)				06/2032	—		(3)		—		(3)
Benefit Plan Administrators of Eau Claire, LLC	One stop	SF +	4.75%	(h)	8.57%				11/2030	1,233		1,226		0.3		1,233
SDC Holdco, LLC	One stop	SF +	4.75%	(h)	9.05%				06/2031	3,446		3,431		0.9		3,446
BHG Holdings, LLC	One stop	SF +	5.50%	(h)	9.34%				04/2032	1,911		1,896		0.5		1,911
SDC Holdco, LLC(5)	One stop	SF +	4.75%		N/A(6)				06/2031	—		(1)		—		—
BHG Holdings, LLC(5)	One stop				N/A(6)				04/2032	—		(2)		—		—
SDC Holdco, LLC(17)	Second lien	SF +	8.50%	(h)	12.80%	PIK			06/2032	799		794		0.2		799
BHG Holdings, LLC(5)	One stop				N/A(6)				04/2032	—		(4)		—		—
Super REGO, LLC(17)	Subordinated debt	N/A			15.00%	PIK			03/2030	36		35		—		36
Community Care Partners, LLC	One stop	SF +	6.00%	(g)	9.83%				06/2026	140		140		—		140
YE Brands Holding, LLC	One stop	SF +	4.75%	(h)	9.05%				10/2027	1,612		1,601		0.5		1,612
HP TLE Buyer, Inc.	One stop	SF +	4.75%	(h)	8.42%				07/2032	1,864		1,855		0.5		1,864
YE Brands Holding, LLC	One stop	SF +	4.75%		N/A(6)				10/2027	—		—		—		—
HP TLE Buyer, Inc.(5)	One stop				N/A(6)				07/2032	—		(2)		—		—
YE Brands Holding, LLC	One stop	SF +	4.75%	(h)	9.05%				10/2027	218		216		0.1		218
LOV Acquisition LLC	Senior secured	SF +	4.25%	(g)	7.97%				11/2031	1,581		1,574		0.4		1,581
										17,904		17,776		4.8		17,876
LOV Acquisition LLC(5)	Senior secured				N/A(6)				11/2031	—		(1)		—		—
Household Products
Premise Health Holding Corp.	One stop	SF +	4.50%	(h)	8.17%				11/2032	4,932		4,865		1.2		4,882
WU Holdco, Inc.	One stop	SF +	4.75%	(h)	9.05%				04/2032	423		421		0.1		421
Premise Health Holding Corp.(5)	One stop				N/A(6)				11/2031	—		(8)		—		(6)
WU Holdco, Inc.	One stop	SF +	4.75%		N/A(6)				04/2032	—		—		—		—
Premise Health Holding Corp.	One stop	SF +	4.50%	(h)	8.17%				11/2032	50		49		—		49
WU Holdco, Inc.(5)	One stop	SF +	4.75%		N/A(6)				04/2032	—		—		—		(1)
Premise Health Holding Corp.(5)	One stop				N/A(6)				11/2032	—		—		—		(1)
										423		421		0.1		420
PPV Intermediate Holdings, LLC	One stop	SF +	5.75%	(h)	9.57%				08/2029	3,705		3,671		0.9		3,668
Industrial Conglomerates
PPV Intermediate Holdings, LLC(18)	One stop	N/A			14.75%	PIK			08/2030	1,933		1,906		0.5		1,933
Dwyer Instruments, Inc.	One stop	SF +	4.75%	(h)	9.05%				07/2029	236		233		0.1		236
PPV Intermediate Holdings, LLC(18)	One stop	N/A			13.75%	PIK			08/2030	569		564		0.2		551
Dwyer Instruments, Inc.	One stop	SF +	4.75%	(a)(h)	9.42%				07/2029	4		4		—		4
PPV Intermediate Holdings, LLC(18)	One stop	N/A			13.75%	PIK			08/2030	132		131		—		127
Dwyer Instruments, Inc.	One stop	SF +	4.75%	(h)	9.05%				07/2029	60		59		—		60
PPV Intermediate Holdings, LLC(18)	One stop	N/A			13.75%	PIK			08/2030	24		24		—		23
Dwyer Instruments, Inc.	One stop	SF +	4.75%	(h)	9.05%				07/2029	31		31		—		31
PPV Intermediate Holdings, LLC(18)	One stop	N/A			13.75%	PIK			08/2030	24		23		—		23
Dwyer Instruments, Inc.	One stop	SF +	4.75%	(h)	9.05%				07/2029	37		36		—		37
PPV Intermediate Holdings, LLC	One stop	SF +	5.75%	(h)	9.63%				08/2029	30		27		—		27
Essential Services Holdings Corporation	One stop	SF +	5.00%	(h)	9.28%				06/2031	2,500		2,479		0.7		2,475
PPV Intermediate Holdings, LLC	One stop	SF +	5.25%	(h)	9.07%				08/2029	156		154		—		152
Essential Services Holdings Corporation	One stop	SF +	5.00%	(h)	9.33%				06/2030	37		34		—		34
										19,893		19,640		4.9		19,764
Essential Services Holdings Corporation(5)	One stop	SF +	5.00%		N/A(6)				06/2031	—		(2)		—		(5)
Healthcare Technology
Excelitas Technologies Corp.	One stop	SF +	5.25%	(g)	9.58%				08/2029	643		635		0.2		643
Amberfield Acquisition Co.	One stop	SF +	5.50%	(h)	9.17%				05/2030	68		68		—		68
Excelitas Technologies Corp.(7)(8)	One stop	E +	5.25%	(b)	7.18%				08/2029	129		112		—		129
Amberfield Acquisition Co.	One stop	SF +	5.50%	(h)	9.17%				05/2030	2,030		2,015		0.5		2,030
Excelitas Technologies Corp.	One stop	SF +	5.25%		N/A(6)				08/2028	—		—		—		—
Amberfield Acquisition Co.	One stop	SF +	5.50%	(h)	9.17%				05/2030	50		48		—		50
Excelitas Technologies Corp.(5)	One stop	SF +	5.25%		N/A(6)				08/2029	—		(26)		—		—
Color Intermediate, LLC	Senior secured	SF +	4.75%	(h)	8.52%				10/2029	715		707		0.2		715
										3,677		3,595		1.0		3,644
Crow River Buyer, Inc.	One stop	SF +	6.00%	(h)	9.84%				01/2029	258		255		0.1		258
Crow River Buyer, Inc.(5)	One stop				N/A(6)				01/2029	—		(1)		—		—
Crow River Buyer, Inc.	One stop	SF +	6.00%	(g)	9.72%				01/2029	547		543		0.1		547

See Notes to Consolidated Financial Statements

TABLE OF CONTENTS

Golub Capital Direct Lending Unlevered Corporation and Subsidiaries

Consolidated Schedule of Investments ~~(unaudited)~~ - (continued)

~~June~~December 3031, 2025

(Dollar and share amounts in thousands)

	InvestmentType	SpreadAboveIndex(1)			InterestRate(2)				MaturityDate	Principal ($) /Shares(3)		Amortized Cost		Percentageof NetAssets		FairValue (4)
Insurance
GHX Ultimate Parent Corporation	One stop	SF +	4.75%	(h)	8.42%				12/2031	$	3,093	$	3,067	0.8	%	$	3,093
Bellwether Buyer, LLC	One stop	SF +	4.50%		N/A(6)				04/2032	$	—	$	—	—	%	$	—
GHX Ultimate Parent Corporation(5)	One stop				N/A(6)				12/2031	—		(2)		—		—
Bellwether Buyer, LLC	One stop	SF +	4.50%	(g)	8.81%				04/2032	231		230		0.1		231
Healthmark Holdings, L.P.	One stop				N/A(6)				07/2032	—		—		—		—
Bellwether Buyer, LLC	One stop	SF +	4.50%		N/A(6)				04/2032	—		—		—		—
Healthmark Holdings, L.P.(5)	One stop				N/A(6)				07/2032	—		(1)		—		—
Captive Resources Midco, LLC	One stop	SF +	4.50%	(g)	8.83%				07/2029	4,499		4,456		1.2		4,499
Healthmark Holdings, L.P.	One stop	SF +	4.50%	(h)	8.32%				07/2032	536		534		0.1		536
Captive Resources Midco, LLC(5)	One stop	SF +	4.50%		N/A(6)				07/2028	—		(1)		—		—
Kona Buyer, LLC	One stop				N/A(6)				07/2031	—		—		—		—
Disco Parent, Inc.	One stop	SF +	7.00%	(h)	11.33%				03/2029	457		450		0.1		457
Kona Buyer, LLC	One stop	SF +	4.50%	(h)	8.36%				07/2031	232		230		0.1		232
Disco Parent, Inc.(5)	One stop	SF +	7.50%		N/A(6)				03/2029	—		(1)		—		—
Kona Buyer, LLC	One stop	SF +	4.50%	(h)	8.36%				07/2031	14		14		—		14
Doxa Insurance Holdings LLC	One stop	SF +	5.25%	(h)	9.55%				12/2030	2,568		2,548		0.7		2,568
Kona Buyer, LLC	One stop	SF +	4.50%	(h)	8.36%				07/2031	4		4		—		4
Doxa Insurance Holdings LLC	One stop	SF +	5.25%	(h)	9.55%				12/2029	67		63		—		67
Kona Buyer, LLC	One stop				N/A(6)				07/2031	—		—		—		—
Doxa Insurance Holdings LLC	One stop	SF +	5.25%	(h)	9.55%				12/2030	2,419		2,400		0.7		2,419
Kona Buyer, LLC	One stop				N/A(6)				07/2031	—		—		—		—
Doxa Insurance Holdings LLC	One stop	SF +	5.00%		N/A(6)				12/2030	—		—		—		—
Kona Buyer, LLC	One stop				N/A(6)				07/2031	—		—		—		—
Integrated Specialty Coverages, LLC	One stop	SF +	4.75%	(g)	9.08%				07/2030	498		491		0.1		498
Kona Buyer, LLC	One stop				N/A(6)				07/2031	—		—		—		—
Integrated Specialty Coverages, LLC	One stop	SF +	4.75%		N/A(6)				07/2029	—		—		—		—
Modernizing Medicine, Inc.(18)	One stop	SF +	4.75%	(h)	6.17%	cash/	2.25%	PIK	04/2032	3,489		3,458		0.9		3,489
Integrated Specialty Coverages, LLC	One stop	SF +	4.75%		N/A(6)				07/2030	—		—		—		—
Modernizing Medicine, Inc.(5)	One stop				N/A(6)				04/2032	—		(3)		—		—
Integrity Marketing Acquisition, LLC	One stop	SF +	5.00%	(h)	9.33%				08/2028	2,634		2,614		0.7		2,634
Neptune Holdings, Inc.	One stop	SF +	4.50%	(h)	8.17%				09/2030	1,419		1,399		0.4		1,419
Integrity Marketing Acquisition, LLC	One stop	SF +	5.00%		N/A(6)				08/2028	—		—		—		—
Neptune Holdings, Inc.	One stop				N/A(6)				08/2029	—		—		—		—
Integrity Marketing Acquisition, LLC	One stop	SF +	5.00%		N/A(6)				08/2028	—		—		—		—
Netsmart Technologies, Inc.(18)	One stop	SF +	5.20%	(g)	6.22%	cash/	2.70%	PIK	08/2031	3,394		3,369		0.8		3,394
Oakbridge Insurance Agency LLC	One stop	SF +	5.75%	(g)	10.06%				11/2029	1,671		1,659		0.5		1,676
Netsmart Technologies, Inc.(5)	One stop				N/A(6)				08/2031	—		(3)		—		—
Oakbridge Insurance Agency LLC	One stop	SF +	5.75%	(g)	10.06%				11/2029	19		17		—		19
Netsmart Technologies, Inc.(5)	One stop				N/A(6)				08/2031	—		(2)		—		—
Oakbridge Insurance Agency LLC	One stop	SF +	5.75%	(g)	10.06%				11/2029	695		689		0.2		697
Netsmart Technologies, Inc.(18)	One stop	SF +	5.20%	(g)	6.22%	cash/	2.70%	PIK	08/2031	158		158		—		158
Oakbridge Insurance Agency LLC(5)	One stop	SF +	5.00%		N/A(6)				11/2029	—		(2)		—		(4)
Plasma Buyer LLC(7)(18)	One stop	SF +	5.75%	(h)	9.42%	PIK			05/2029	271		255		0.1		222
Pareto Health Intermediate Holdings, Inc.	One stop	SF +	4.75%	(h)	9.05%				05/2030	4,237		4,190		1.1		4,237
Plasma Buyer LLC(7)(18)	One stop	SF +	5.75%	(h)	9.42%	PIK			05/2028	31		29		—		25
Pareto Health Intermediate Holdings, Inc.(5)	One stop	SF +	4.75%		N/A(6)				05/2030	—		(3)		—		—
Plasma Buyer LLC(7)(18)	One stop	SF +	5.75%	(h)	9.42%	PIK			05/2029	10		10		—		8
Pareto Health Intermediate Holdings, Inc.(5)	One stop	SF +	4.75%		N/A(6)				06/2029	—		(1)		—		—		<

Filing Compare · Golub Capital Direct Lending Unlevered Corp