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One First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 1.50%/4.00% PIK Interest Rate 9.76% Due 8/10/20292025-01-012025-09-300001911321BP Loenbro Holdings Inc One First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-01-012025-09-300001911321us-gaap:InvestmentAffiliatedIssuerControlledMemberck0001911321:IC3700FlamingoRoadLLCMemberus-gaap:EquitySecuritiesMember2025-01-012025-09-300001911321ck0001911321:TradingCompaniesAndDistributorsMember2024-12-310001911321Genuine Financial Holdings LLC First and Second Lien Debt Original Purchase Date 8/8/2024 SOFR Spread 4.00% Interest Rate 8.36% Due 9/27/20302024-12-310001911321us-gaap:InvestmentAffiliatedIssuerControlledMemberck0001911321:HotelsRestaurantsLeisureMemberus-gaap:EquitySecuritiesMember2025-09-300001911321ck0001911321:SecondLienDebtMemberus-gaap:FairValueInputsLevel2Member2025-09-300001911321ck0001911321:ClassDSharesMember2025-01-012025-09-300001911321us-gaap:FairValueInputsLevel1Member2025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:IndependentPowerAndRenewableElectricityProducersMember2024-12-310001911321IBG Borrower LLC First and Second Lien Debt Original Purchase Date 11/20/2023 S+5.00% Interest Rate 9.15% Due 8/22/20292025-09-300001911321Globe Electric Company Inc, First and Second Lien Debt Original Purchase Date 7/25/2024 S+6.50%, Interest Rate 11.25%, Due 7/25/20292024-01-012024-12-310001911321Great Southern Homes, Inc. First and Second Lien Debt Original Purchase Date 12/11/2024 S+7.25 % Interest Rate 11.40% Due 12/11/20302025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:TradingCompaniesAndDistributorsMember2025-09-300001911321American Greetings Corporation First and Second Lien Debt Original Purchase Date 2/2/2023 SOFR Spread 5.75 % Interest Rate 10.11% Due 10/30/20292024-01-012024-12-310001911321ck0001911321:BuildingProductsMember2025-09-300001911321First Brands Group, LLC First and Second Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 5.00% Interest Rate 9.85% Due 3/30/20272024-01-012024-12-310001911321CC Interholdings LLC Delayed Draw Term Loan2025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2025-09-300001911321ck0001911321:ClassISharesMember2025-11-130001911321CC Interholdings LLC Delayed Draw Term Loan2024-01-012024-12-310001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Interest Rate 9.25% Due 6/29/20292025-01-012025-09-300001911321Non-qualifying Assets2025-09-300001911321us-gaap:FairValueInputsLevel1Memberck0001911321:FirstLienDebtMember2024-12-310001911321us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2025-01-012025-09-300001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 SOFR Spread 6.00% Interest Rate 10.56% Due 6/7/20272024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:BuildingProductsMember2024-12-310001911321LaserShip, Inc. First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 1.50%/4.00% PIK Interest Rate 9.76% Due 8/10/20292025-01-012025-09-300001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 SOFR Spread S+6.50%/2% PIK Interest Rate 13.02% Due 2/12/20292024-01-012024-12-310001911321Skopima Consilio Parent LLC First and Second Lien Debt Purchase Date 8/7/2024 SOFR Spread 3.75% Interest Rate 8.12% Due 5/12/20282024-12-310001911321CPV Fairview, LLC First and Second Lien Debt Original Purchase Date 8/8/2024 S+3.00% Interest Rate 7.16% Due 8/14/20312025-01-012025-09-300001911321Odyssey Logistics & Technology Corporation First and Second Lien Debt Original Purchase Date 7/20/2023 SOFR Spread 4.50% Interest Rate 8.83% Due 10/12/20272024-01-012024-12-310001911321ck0001911321:ClassISharesMember2024-10-100001911321ck0001911321:ClassICommonSharesMember2024-01-012024-09-300001911321ck0001911321:ConstructionAndEngineeringMember2025-09-300001911321LaserShip, Inc. First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 6.25% Interest Rate 11.03% Due 1/2/20292024-12-310001911321M2S Group Intermediate Holdings, Inc. First and Second Lien Debt Original Purchase Date 9/10/2024 SOFR Spread 4.75% Interest Rate 9.09% Due 8/25/20312024-01-012024-12-310001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 SOFR Spread 6.75% Due 11/8/20292024-01-012024-12-310001911321us-gaap:NondesignatedMember2024-07-012024-09-300001911321Oscar AcquisitionCo, LLC First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.25% Interest Rate 8.50% Due 4/29/20292024-12-310001911321Hill Top Energy Center, LLC First and Second Lien Debt Original Purchase Date 6/17/2025 S+3.25% Interest Rate 7.41% Due 6/26/20322025-01-012025-09-300001911321ck0001911321:SecondLienDebtMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001911321ck0001911321:SecondLienDebtMemberus-gaap:FairValueInputsLevel1Member2025-09-300001911321Merlin Buyer Inc. First and Second Lien Debt Original Purchase Date 5/22/2024 S+4.00% Interest Rate 8.00% Due 12/14/20282025-09-300001911321Globe Electric Company Inc First and Second Lien Debt Original Purchase Date 7/25/2024 S+6.00% Interest Rate 10.20% Due 7/25/20292025-09-300001911321Revere Power, LLC First and Second Lien Debt Original Purchase Date 5/31/2024 SOFR Spread 4.25% Interest Rate 8.73% Due 3/27/20262024-12-310001911321ck0001911321:ContainersAndPackagingMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 SOFR Spread 6.25% Interest Rate 10.68% Due 2/1/20292024-12-310001911321HAH Group Holdings Company LLC First and Second Lien Debt Original Purchase Date 2/7/2023 S+5.00% Interest Rate 9.16% Due 9/24/20312025-01-012025-09-300001911321ck0001911321:FoodProductsMember2024-12-310001911321ck0001911321:ShareRepurchaseProgramAugustTwentyNineTwoThousandTwentyFiveMember2025-01-012025-09-300001911321Ineos US Finance LLC First and Second Lien Debt Original Purchase Date 3/12/2025 S+3.00% Interest Rate 7.16% Due 2/7/20312025-09-300001911321South Field Energy LLC First and Second Lien Debt Original Purchase Date 8/15/2024 S+3.00% Interest Rate 7.00% Due 8/29/2031 One2025-01-012025-09-300001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 SOFR Spread 4.00% Interest Rate 8.74% Due 12/26/20282024-12-310001911321ck0001911321:BiotechnologyMember2025-09-300001911321C&D Technologies, Inc First and Second Lien Debt Original Purchase Date 5/2/2024 SOFR Spread 5.75% Interest Rate 10.22% Due 12/20/20252024-12-310001911321Mood Media Borrower, LLC First and Second Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.77% Due 5/30/20302025-01-012025-09-300001911321HAH Group Holdings Company LLC First and Second Lien Debt Original Purchase Date 2/7/2023 SOFR Spread 5.00% Interest Rate 9.36% Due 9/24/20312024-12-310001911321Brock Holdings III, Inc. First and Second Lien Debt Original Purchase Date 4/26/2024 SOFR Spread 6.00% Interest Rate 10.33% Due 5/2/20302024-12-310001911321ck0001911321:ClassDSharesMember2024-07-012024-09-3000019113212025-06-300001911321ck0001911321:ChemicalsMember2025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMember2024-01-012024-09-300001911321country:US2025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 SOFR Spread 5.00% Interest Rate 9.36% Due 6/29/20292024-01-012024-12-310001911321KKR Tinder TFC Aggregator L.P. Original Purchase Date 7/27/20232024-01-012024-12-310001911321ck0001911321:ConstructionMaterialsMember2024-12-310001911321Oscar AcquisitionCo, LLC First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.25% Interest Rate 8.50% Due 4/29/20292024-01-012024-12-310001911321First and Second Lien Debt EURIBOR2025-09-300001911321ck0001911321:ClassSCommonSharesMember2025-01-012025-09-300001911321Lackawanna Energy Center LLC First and Second Lien Debt Original Purchase Date 7/20/2023 S+3.25% Interest Rate 7.25% Due 8/5/20322025-09-300001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 S+5.25 % Interest Rate 9.16% Due 12/31/20292025-01-012025-09-300001911321ck0001911321:ClassISharesMember2025-02-280001911321Spencer Spirit IH LLC First and Second Lien Debt Original Purchase Date 6/25/2024 SOFR Spread 5.50% Interest Rate 10.02% Due 7/15/20312024-01-012024-12-310001911321ck0001911321:EntertainmentsMember2024-12-310001911321MRP Buyer, LLC First and Second Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 7.25% Due 6/4/20322025-09-300001911321us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2024-01-012024-09-300001911321Compass Power Generation, L.L.C. First and Second Lien Debt Original Purchase Date 9/19/2024 S+3.25% Interest Rate 7.41% Due 4/14/20292025-01-012025-09-300001911321U.S. Anesthesia Partners, Inc. First and Second Lien Debt Original Purchase Date 8/9/2024 SOFR Spread 4.25 % Interest Rate 8.92% Due 10/1/20282024-01-012024-12-310001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2025-09-300001911321ck0001911321:HotelsRestaurantsAndLeisureMember2024-12-310001911321ck0001911321:HouseholdDurablesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321CPV Shore Holdings, LLC First and Second Lien Debt Original Purchase Date 1/24/2025 S+3.75% Interest Rate 7.75% Due 2/4/20322025-09-3000019113212025-09-302025-09-300001911321ck0001911321:StateStreetInstitutionalMoneyMarketFundMember2025-09-300001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 S+5.75% Due 12/30/20292025-01-012025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Interest Rate 9.16% Due 6/29/20292025-01-012025-09-300001911321ck0001911321:ProfessionalServicesMember2025-09-300001911321LaserShip, Inc. One First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 4.50% Interest Rate 9.28% Due 8/10/20292024-01-012024-12-310001911321us-gaap:InvestmentAffiliatedIssuerControlledMember2024-12-310001911321ASI JBE Holdings LLC One First and Second Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate 10.16% Due 7/28/20312025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0001911321:SecondLienDebtMember2024-12-310001911321MRP Buyer, LLC Delayed Draw Term Loan2025-09-300001911321Eagle Parent Corp. First and Second Lien Debt Original Purchase Date 4/12/2023 SOFR Spread 4.25% Interest Rate 8.58% Due 4/2/20292024-01-012024-12-310001911321PHRG Intermediate LLC First and Second Lien Debt Original Purchase Date 2/14/2025 S+4.00% Interest Rate 8.00% Due 2/20/20322025-09-300001911321LaserShip, Inc. First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 4.50% Interest Rate 9.28% Due 8/10/20292024-12-310001911321ck0001911321:HouseholdProductsMember2024-12-310001911321Dune Acquisition, Inc. First and Second Lien Debt Original Purchase Date 8/20/2024 S+6.25% Interest Rate 10.41% Due 11/20/20302025-09-300001911321Cricket Valley Energy Center First and Second Lien Debt Original Purchase Date 10/10/2023 SOFR Spread 3.90% Interest Rate 8.23% Due 6/30/20252024-01-012024-12-310001911321IC 3700 Flamingo Road LLC Original Purchase Date 8/12/20252025-09-300001911321Team Services Group. First and Second Lien Debt Original Purchase Date 4/4/2023 SOFR Spread 5.00 % Interest Rate 9.47% Due 12/20/20272024-01-012024-12-310001911321Bayonne Energy Center, LLC First and Second Lien Debt Original Purchase Date 9/22/2025 S+3.00% Interest Rate 6.99% Due 10/1/20322025-09-300001911321ASI JBE Holdings LLC First and Second Lien Debt Original Purchase Date 7/28/2025 S+6.00% Due 7/28/20312025-09-300001911321South Field Energy LLC First and Second Lien Debt Original Purchase Date 8/15/2024 S+3.00% Interest Rate 7.00% Due 8/29/20312025-09-300001911321C&D Technologies, Inc First and Second Lien Debt Original Purchase Date 5/2/2024 SOFR Spread 5.75% Interest Rate 10.22% Due 12/20/20252024-01-012024-12-310001911321KDC/One Development Corporation, Inc. First and Second Lien Debt Original Purchase Date 8/3/2023 SOFR Spread 4.00% Interest Rate 8.36% Due 8/15/20282024-01-012024-12-310001911321Mood Media Borrower, LLC Revolver2025-09-300001911321Birdsboro Power LLC First and Second Lien Debt Original Purchase Date 9/30/2025 S+3.25% Interest Rate 7.19% Due 10/8/20322025-01-012025-09-300001911321ck0001911321:GroundTransportationMember2024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2025-06-300001911321Staples, Inc First and Second Lien Debt Original Purchase Date 2/1/2023 S+5.75% Interest Rate 10.05% Due 9/4/20292025-09-300001911321BP Loenbro Holdings Inc One First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-09-300001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 SOFR Spread 6.00% Interest Rate 10.56% Due 6/7/20272024-01-012024-12-310001911321Dune Acquisition, Inc. First and Second Lien Debt Original Purchase Date 8/20/2024 SOFR Spread 6.25% Interest Rate 10.61% Due 11/20/20302024-01-012024-12-310001911321ck0001911321:GroundTransportationMember2025-09-300001911321ck0001911321:GroundTransportationMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:ClassISharesMembersrt:SubsidiariesMember2024-01-012024-09-3000019113212025-09-300001911321ADMI Corp. (aka Aspen Dental) First and Second Lien Debt Original Purchase Date 3/6/2024 S+5.75% Interest Rate 9.91% Due 12/23/20272025-09-300001911321Karman Holdings LLC First and Second Lien Debt Original Purchase Date 2/27/2025 SOFR Spread S+3.50% Interest Rate 7.50% Due 4/1/20322025-09-300001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 S+6.00% Interest Rate 10.20% Due 6/7/20272025-01-012025-09-300001911321ck0001911321:ClassISharesMembersrt:AffiliatedEntityMember2025-09-300001911321Voltagrid LLC First and Second Lien Debt Original Purchase Date 3/1/2024 SOFR Spread 6.50% Due 8/28/20252024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:SpecialtyRetailMember2025-09-300001911321ck0001911321:PersonalCareProductsMember2025-09-300001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 SOFR Spread 5.75% Due 12/30/20292024-12-310001911321ASI JBE Holdings LLC Revolver2025-09-300001911321ck0001911321:S2025Q4DividendsMemberus-gaap:SubsequentEventMember2025-11-122025-11-120001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 SOFR Spread 6.75% Interest Rate 11.08% Due 11/8/20292024-12-310001911321ck0001911321:ClassISharesMember2025-03-310001911321ck0001911321:ClassSSharesMemberck0001911321:S2025Q4DividendsMemberus-gaap:SubsequentEventMember2025-11-120001911321ck0001911321:FirstLienDebtMember2025-09-300001911321us-gaap:FairValueInputsLevel3Member2025-07-012025-09-300001911321Tank Holding Corp. First and Second Lien Debt Original Purchase Date 5/11/2023 SOFR Spread 6.00% Interest Rate 10.46% Due 3/31/20282024-01-012024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:EnergyEquipmentServicesMember2024-12-310001911321Inmar, Inc. First and Second Lien Debt Original Purchase Date 7/14/2023 SOFR Spread 5.00% Interest Rate 9.36% Due 10/30/20312024-01-012024-12-3100019113212025-06-302025-06-300001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 SOFR Spread 6.50% Due 12/31/20292024-12-310001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 SOFR Spread 6.00% Interest Rate 10.46% Due 6/7/20272024-12-310001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2024-12-310001911321ck0001911321:InsuranceMember2024-12-310001911321ck0001911321:ItServicesMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2024-09-300001911321ck0001911321:AutomobileComponentsMember2024-12-310001911321Cornerstone Building Brands, Inc. First and Second Lien Debt Original Purchase Date 5/3/2024 SOFR Spread 4.50% Interest Rate 8.90% Due 5/15/20312024-12-310001911321ck0001911321:CommercialServicesAndSuppliesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-01-012025-09-300001911321ck0001911321:FoodProductsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321Alltech Inc First and Second Lien Debt Original Purchase Date 3/10/2025 S+4.25% Interest Rate 8.53% Due 8/13/20302025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:IndependentPowerAndRenewableElectricityProducersMember2025-09-300001911321Carroll County Energy LLC First and Second Lien Debt Original Purchase Date 6/24/2024 SOFR Spread 4.00% Interest Rate 8.33% Due 6/27/20312024-12-310001911321Future Pak, LLC First and Second Lien Debt Original Purchase Date 9/23/2025 S+6.50% Interest Rate 10.75% Due 3/21/20302025-01-012025-09-300001911321us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignExchangeForwardMember2025-09-300001911321Trulite Holding Corp First and Second Lien Debt Original Purchase Date 2/22/2024 S+6.00% Interest Rate 10.29% Due 3/1/20302025-01-012025-09-300001911321ck0001911321:ConstructionAndEngineeringMember2024-12-310001911321us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2024-12-310001911321Staples, Inc First and Second Lien Debt Original Purchase Date 2/1/2023 S+5.75% Interest Rate 10.05% Due 9/4/20292025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMember2025-09-300001911321BP Loenbro Holdings Inc Revolver2025-09-300001911321ck0001911321:ElectricUtilitiesMember2025-09-300001911321ck0001911321:ConstructionAndEngineeringMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321us-gaap:SecuredDebtMember2024-01-012024-09-300001911321DTI Holdco, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.75% Interest Rate 9.11% Due 6/26/20292024-12-310001911321us-gaap:FairValueInputsLevel2Memberck0001911321:HouseholdDurablesEquityInvestmentsMember2024-12-310001911321ck0001911321:CommercialServicesAndSuppliesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Heartland Dental, LLC First and Second Lien Debt Original Purchase Date 4/12/2023 SOFR Spread 4.50% Interest Rate 8.86% Due 4/28/20282024-12-310001911321ck0001911321:ProfessionalServicesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:O2025Q4DividendsMemberus-gaap:SubsequentEventMember2025-11-122025-11-120001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2024-07-012024-09-300001911321CPV Fairview, LLC First and Second Lien Debt Original Purchase Date 8/8/2024 S+3.00% Interest Rate 7.16% Due 8/14/20312025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2023-12-310001911321Ranger Holdco Spe LLC First and Second Lien Debt Original Purchase Date 6/13/2023 15.00% PIK Interest Rate 15.00% Due 8/8/20282024-12-310001911321ck0001911321:DistributorsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321First and Second Lien Debt EURIBOR2024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2023-12-310001911321Voltagrid LLC First and Second Lien Debt Original Purchase Date 3/1/2024 SOFR Spread 6.50% Due 8/28/20252024-01-012024-12-310001911321us-gaap:FairValueInputsLevel1Memberck0001911321:FirstLienDebtAndSecondLienDebtMember2024-12-310001911321Cassavant Holdings, LLC First and Second Lien Debt Original Purchase Date 1/11/2024 Reference Rate and Spread 8.00%/7.00% PIK Interest Rate 15.00% Due 1/11/20282025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001911321Rohm Holding GmbH First and Second Lien Debt Original Purchase Date 8/13/2024 S+5.50%/.25% PIK Interest Rate 9.70% Due 1/31/20292025-09-300001911321country:GB2024-12-310001911321ck0001911321:AirFreightAndLogisticsMember2024-12-310001911321ck0001911321:ClassICommonSharesMember2025-07-012025-09-300001911321ck0001911321:ClassISharesMember2023-01-012023-12-310001911321American Auto Auction Group, LLC First and Second Lien Debt Original Purchase Date 4/28/2023 SOFR Spread 4.50% Interest Rate 9.01% Due 12/30/20272024-01-012024-12-310001911321srt:MinimumMember2025-09-300001911321ck0001911321:AerospaceAndDefenseMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:ElectricalEquipmentMember2024-12-310001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 S+5.75% Interest Rate 9.91% Due 12/30/20292025-09-300001911321ck0001911321:GasUtilitiesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMemberck0001911321:TransactionalValueMember2024-12-310001911321Xplor T1 LLC First and Second Lien Debt Original Purchase Date 6/27/2024 SOFR Spread 3.50% Interest Rate 7.83% Due 06/24/20312024-01-012024-12-310001911321ck0001911321:ShareRepurchaseProgramMayThirtyTwoThousandTwentyFiveMember2025-01-012025-09-3000019113212025-07-312025-07-310001911321Dune Acquisition, Inc. First and Second Lien Debt Original Purchase Date 8/20/2024 SOFR Spread 6.25% Interest Rate 10.61% Due 11/20/20302024-12-310001911321ck0001911321:ClassISharesMember2024-09-300001911321Form Technologies LLC First and Second Lien Debt Original Purchase Date 3/11/2025 SOFR Spread 5.75% Interest Rate 10.08% Due 7/19/20302025-09-300001911321State Street Institutional Money Market Fund2025-09-300001911321us-gaap:RevolvingCreditFacilityMember2025-09-300001911321LaserShip, Inc. First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 1.50%/4.00% PIK Interest Rate 9.76% Due 8/10/20292025-09-300001911321Rohm Holding GmbH First and Second Lien Debt Original Purchase Date 8/13/2024 SOFR Spread 5.50%/.25% PIK Interest Rate 10.59% Due 1/31/20292024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:TextilesApparelAndLuxuryGoodsMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321us-gaap:AccountingStandardsUpdate202307Member2025-09-300001911321ck0001911321:EntertainmentsMember2025-09-300001911321BP Loenbro Holdings Inc Revolver2024-01-012024-12-310001911321LaserShip, Inc. First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 4.50% Interest Rate 9.28% Due 8/10/20292024-01-012024-12-310001911321IBG Borrower LLC First and Second Lien Debt Original Purchase Date 11/20/2023 SOFR Spread 6.00% Interest Rate 10.48% Due 8/22/20292024-12-310001911321us-gaap:SecuredDebtMembersrt:MinimumMemberck0001911321:FirstAmendedAndRestatedCreditAgreementMember2024-10-112024-10-110001911321RSC Acquisition, Inc. First and Second Lien Debt Original Purchase Date 10/18/2023 SOFR Spread 4.75% Interest Rate 9.08% Due 11/1/20292024-12-310001911321Astro Acquisition, LLC First and Second Lien Debt Original Purchase Date 8/14/2025 S+3.25% Interest Rate 7.12% Due 8/30/20322025-01-012025-09-300001911321Lackawanna Energy Center LLC One First and Second Lien Debt Original Purchase Date 7/20/2023 SOFR Spread 4.25% Interest Rate 8.61% Due 8/6/20292024-12-3100019113212025-01-312025-01-310001911321HDI Aerospace Intermediate Holding III Corporation First and Second Lien Debt Original Purchase Date 3/4/2025 SOFR Spread S+4.50% Interest Rate 8.83% Due 2/11/20322025-09-300001911321us-gaap:SecuredDebtMember2024-10-112024-10-110001911321us-gaap:FairValueInputsLevel3Memberck0001911321:BrokerQuotedPriceMemberck0001911321:FirstLienDebtMembersrt:MinimumMemberck0001911321:MarketQuotationsMember2025-09-300001911321ck0001911321:AutomobileMember2025-09-300001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.01% Due 2/1/20292025-01-012025-09-300001911321ck0001911321:HouseholdDurablesMember2025-09-300001911321J-O Building Company LLC First and Second Lien Debt Original Purchase Date 6/28/2023 S+6.75% Interest Rate 10.75% Due 5/25/20282025-09-300001911321DS Admiral Bidco, LLC First and Second Lien Debt Original Purchase Date 6/17/2024 S+4.25% Interest Rate 8.41% Due 6/26/20312025-09-300001911321LaserShip, Inc. One First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 1.50%/4.00% PIK Interest Rate 9.76% Due 8/10/20292025-09-300001911321MEI Buyer LLC Revolver2024-01-012024-12-310001911321ck0001911321:O2025Q3DividendsMemberck0001911321:ClassISharesMember2025-01-012025-09-300001911321Brown & Settle, Inc First and Second Lien Debt Original Purchase Date 4/15/2024 SOFR Spread 8.44% Interest Rate 12.99% Due 4/12/20292024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:BrokerQuotedPriceMemberck0001911321:FirstLienDebtMembersrt:MinimumMemberck0001911321:MarketQuotationsMember2024-12-310001911321PLZ Corp. First and Second Lien Debt Original Purchase Date 8/16/2024 SOFR Spread 3.50% Interest Rate 7.97% Due 8/3/20262024-12-310001911321South Field Energy LLC First and Second Lien Debt Original Purchase Date 8/15/2024 SOFR Spread 3.75% Interest Rate 8.08% Due 8/29/20312024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMemberck0001911321:MarketQuotationsMember2024-12-310001911321Alltech Inc First and Second Lien Debt Original Purchase Date 3/10/2025 S+4.25% Interest Rate 8.53% Due 8/13/20302025-09-300001911321Kelso Industries LLC Delayed Draw Term Loan2025-09-300001911321First and Second Lien Debt SOFR2024-12-310001911321PLZ Corp. First and Second Lien Debt Original Purchase Date 8/16/2024 SOFR Spread 3.50% Interest Rate 7.97% Due 8/3/20262024-01-012024-12-310001911321LSCS Holdings, Inc. First and Second Lien Debt Original Purchase Date 9/11/2024 S+4.50% Interest Rate 8.50% Due 3/4/20322025-01-012025-09-300001911321Cleanova US Holdings LLC First and Second Lien Debt Original Purchase Date 5/22/2025 S+4.75% Interest Rate 8.81% Due 6/14/20322025-01-012025-09-300001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 SOFR Spread 6.50% Interest Rate 10.83% Due 12/31/20292024-01-012024-12-310001911321ck0001911321:FirstLienDebtAndSecondLienDebtMember2025-09-300001911321us-gaap:SecuredDebtMember2025-09-300001911321Lackawanna Energy Center LLC First and Second Lien Debt Original Purchase Date 7/20/2023 SOFR Spread 4.25% Interest Rate 8.61% Due 8/6/20292024-12-310001911321Household Durables United Homes Group, Inc. Original Purchase Date 12/6/20242024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Member2024-07-012024-09-300001911321American Auto Auction Group, LLC First and Second Lien Debt Original Purchase Date 4/28/2023 S+4.50% Interest Rate 8.50% Due 5/28/20322025-09-300001911321ck0001911321:ClassSSharesMember2025-04-300001911321Wyndham Home Products LLC First and Second Lien Debt Original Purchase Date 10/11/2024 SOFR Spread 6.25% Interest Rate 10.61% Due 10/11/20292024-12-310001911321ck0001911321:ItServicesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:ClassISharesMember2024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMembersrt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputEbitdaMultipleMember2025-09-300001911321MEI Buyer LLC First and Second Lien Debt SOFR Original Purchase Date 6/12/2023 Spread 5.00% Interest Rate 9.40% Due 6/29/20292024-12-310001911321ck0001911321:EntertainmentsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:ShareRepurchaseProgramNovemberTwentyNineTwoThousandTwentyFourMember2025-01-012025-09-300001911321MRP Buyer, LLC One First and Second Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 7.25% Due 6/4/20322025-01-012025-09-300001911321Odyssey Logistics & Technology Corporation First and Second Lien Debt Original Purchase Date 7/20/2023 SOFR Spread 4.50% Interest Rate 8.83% Due 10/12/20272024-12-310001911321Mood Media Borrower, LLC First and Second Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.77% Due 5/30/20302025-09-300001911321IC 3700 Flamingo Road LLC Second Lien Debt Original Purchase Date 8/12/2025 Reference Rate and Spread 10.00% PIK Interest Rate 10.00% Due 5/10/20282025-09-300001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 SOFR Spread 6.25% Interest Rate 10.92% Due 2/1/20292024-01-012024-12-310001911321Bayonne Energy Center, LLC First and Second Lien Debt Original Purchase Date 9/22/2025 S+3.00% Interest Rate 6.99% Due 10/1/20322025-01-012025-09-300001911321ck0001911321:AirFreightAndLogisticsMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2025-09-300001911321us-gaap:FairValueInputsLevel3Member2025-09-300001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001911321us-gaap:FairValueInputsLevel2Memberck0001911321:FirstLienDebtAndSecondLienDebtMember2025-09-300001911321ck0001911321:HouseholdDurablesMember2024-12-310001911321ck0001911321:ClassISharesMember2025-04-300001911321Hill Top Energy Center, LLC First and Second Lien Debt Original Purchase Date 6/17/2025 S+3.25% Interest Rate 7.41% Due 6/26/20322025-09-300001911321CC Interholdings LLC Delayed Draw Term Loan2024-12-3100019113212024-01-012024-09-300001911321Team Services Group. First and Second Lien Debt Original Purchase Date 4/4/2023 SOFR Spread 5.00 % Interest Rate 9.47% Due 12/20/20272024-12-310001911321us-gaap:ForeignExchangeForwardMember2024-12-310001911321West Deptford Energy Holdings, LLC First and Second Lien Debt Original Purchase Date 1/27/2025 S+4.00% Interest Rate 8.16% Due 7/24/20322025-01-012025-09-300001911321us-gaap:SecuredDebtMember2024-12-310001911321Indy US Bidco, LLC First and Second Lien Debt Original Purchase Date 6/18/2024 SOFR Spread 4.75% Interest Rate 9.11% Due 3/6/20282024-12-310001911321MRP Buyer, LLC Delayed Draw Term Loan2025-01-012025-09-300001911321ck0001911321:ClassISharesMember2024-04-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Due 6/29/20292025-01-012025-09-300001911321ck0001911321:ClassISharesMember2025-05-310001911321Best Practices Associates, L.L.C. Revolver2025-01-012025-09-300001911321Trulite Holding Corp First and Second Lien Debt Original Purchase Date 2/22/2024 S+6.00% Interest Rate 10.29% Due 3/1/20302025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2024-12-310001911321Gravity Water Midstream LLC First and Second Lien Debt Original Purchase Date 4/19/2024 SOFR Spread 6.90% Interest Rate 11.26% Due 4/11/20292024-01-012024-12-310001911321Arsenal AIC Parent LLC First and Second Lien Debt Original Purchase Date 7/27/2023 SOFR Spread 3.25% Interest Rate 7.61% Due 8/18/20302024-12-310001911321Mood Media Borrower, LLC First and Second Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.75% Due 5/30/20302025-01-012025-09-300001911321MEI Buyer LLC Revolver2025-09-300001911321ck0001911321:ClassISharesMember2024-07-310001911321ck0001911321:SecondLienDebtMemberus-gaap:InvestmentAffiliatedIssuerControlledMemberck0001911321:IC3700FlamingoRoadLLCMember2025-09-300001911321Globe Electric Company Inc, First and Second Lien Debt Original Purchase Date 7/25/2024 S+6.50%, Interest Rate 11.25%, Due 7/25/20292024-12-310001911321ck0001911321:BuildingMaterialsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321First Brands Group, LLC First and Second Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 5.00% Interest Rate 9.57% Due 3/30/20272025-01-012025-09-300001911321Heartland Dental, LLC First and Second Lien Debt Original Purchase Date 4/12/2023 SOFR Spread 4.50% Interest Rate 8.86% Due 4/28/20282024-01-012024-12-310001911321us-gaap:SecuredDebtMembersrt:MaximumMember2025-01-012025-09-300001911321ck0001911321:TextilesApparelAndLuxuryGoodsMember2025-09-300001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001911321:SecondLienDebtMemberus-gaap:MeasurementInputDiscountRateMember2025-09-3000019113212025-01-012025-09-300001911321RelaDyne Inc. First and Second Lien Debt Original Purchase Date 4/3/2023 S+4.00% Interest Rate 7.66% Due 12/23/20302025-01-012025-09-300001911321American Greetings Corporation First and Second Lien Debt Original Purchase Date 2/2/2023 S+5.75% Interest Rate 9.91% Due 10/30/20292025-01-012025-09-300001911321Revere Power, LLC One First and Second Lien Debt Original Purchase Date 5/31/2024 SOFR Spread 4.25% Interest Rate 8.73% Due 3/27/20262024-12-310001911321ck0001911321:FirstLienDebtMember2024-12-310001911321EFS Cogen Holdings I LLC First and Second Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 3.50% Interest Rate 8.11% Due 10/3/20312024-01-012024-12-310001911321RelaDyne Inc. First and Second Lien Debt Original Purchase Date 4/3/2023 SOFR Spread 4.00% Interest Rate 8.36% Due 12/23/20302024-12-310001911321KKR Tinder TFC Aggregator L.P. Original Purchase Date 7/27/20232025-09-300001911321The Action Environmental Group, Inc. First and Second Lien Debt Original Purchase Date 10/5/2023 S+3.75% Interest Rate 7.25% Due 10/24/20302025-09-300001911321DTI Holdco, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 S+4.00% Interest Rate 8.16% Due 4/26/20292025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:TextilesApparelAndLuxuryGoodsMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2024-12-310001911321ck0001911321:O2023Q4OneDividendsMemberck0001911321:ClassISharesMember2025-01-012025-09-300001911321Power Stop, LLC First and Second Lien Debt Original Purchase Date 6/7/2024 SOFR Spread 4.75% Interest Rate 9.16% Due 1/26/20292025-09-300001911321us-gaap:FairValueInputsLevel2Memberck0001911321:FirstLienDebtMember2025-09-300001911321Birdsboro Power LLC First and Second Lien Debt Original Purchase Date 9/30/2025 S+3.25% Interest Rate 7.19% Due 10/8/20322025-09-300001911321Brown & Settle, Inc First and Second Lien Debt Original Purchase Date 4/15/2024 SOFR Spread 8.44% Interest Rate 12.99% Due 4/12/20292024-12-310001911321IBG Borrower LLC First and Second Lien Debt Original Purchase Date 11/20/2023 SOFR Spread 6.00% Interest Rate 10.48% Due 8/22/20292024-01-012024-12-310001911321country:DE2025-09-300001911321The Action Environmental Group, Inc. First and Second Lien Debt Original Purchase Date 10/5/2023 S+3.75% Interest Rate 7.25% Due 10/24/20302025-01-012025-09-300001911321ck0001911321:TechnologyHardwareStorageAndPeripheralsMember2025-09-300001911321Trulite Holding Corp First and Second Lien Debt Original Purchase Date 2/22/2024 SOFR Spread 6.00% Interest Rate 10.59% Due 3/1/20302024-01-012024-12-310001911321ck0001911321:TechnologyHardwareStorageAndPeripheralsMember2024-12-310001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 SOFR Spread 6.25% Due 2/1/20292024-01-012024-12-310001911321Imagefirst Holdings, LLC First and Second Lien Debt Original Purchase Date 4/27/2023 SOFR Spread 4.25% Interest Rate 8.58% Due 4/27/20282024-12-310001911321us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeForwardMember2025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Due 6/29/20292025-09-300001911321BP Loenbro Holdings Inc Revolver2025-01-012025-09-300001911321Arcline FM Holdings, LLC First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.50% Interest Rate 9.05% Due 6/23/20282024-12-310001911321ck0001911321:OilGasAndConsumableFuelsMember2024-12-310001911321Compass Power Generation, L.L.C. First and Second Lien Debt Original Purchase Date 9/19/2024 SOFR Spread 3.75% Interest Rate 8.11% Due 4/14/20292024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:InsuranceMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Charlotte Buyer, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.75% Interest Rate 9.20% Due 2/11/20282024-12-310001911321ck0001911321:CommercialServicesAndSuppliesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:ClassISharesMember2025-01-310001911321ck0001911321:O2023Q4TwoDividendsMemberck0001911321:ClassISharesMember2025-01-012025-09-300001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+6.50%/2% PIK Interest Rate 12.73% Due 2/12/20292025-01-012025-09-300001911321Cornerstone Building Brands, Inc. First and Second Lien Debt Original Purchase Date 5/3/2024 SOFR Spread 4.50% Interest Rate 8.90% Due 5/15/20312024-01-012024-12-310001911321Household Durables United Homes Group, Inc. Original Purchase Date 12/6/20242025-01-012025-09-300001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 SOFR Spread 6.25% Due 2/1/20292024-12-310001911321Red Oak Power, LLC First and Second Lien Debt Original Purchase Date 9/22/2025 S+5.25% Interest Rate 9.25% Due 9/22/20312025-01-012025-09-300001911321Lackawanna Energy Center LLC First and Second Lien Debt Original Purchase Date 7/20/2023 SOFR Spread 4.25% Interest Rate 8.61% Due 8/6/20292024-01-012024-12-310001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+4.50%/1% PIK Interest Rate 9.73% Due 12/11/20262025-09-300001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-09-300001911321ck0001911321:ClassISharesMember2025-01-012025-09-300001911321Best Practices Associates, L.L.C. Revolver2024-01-012024-12-310001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 S+6.00% Interest Rate 10.13% Due 6/7/20272025-09-300001911321Oscar AcquisitionCo, LLC First and Second Lien Debt Original Purchase Date 2/1/2023 S+4.25% Interest Rate 8.25% Due 4/29/20292025-01-012025-09-300001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 S+1.50%/2.50%PIK Interest Rate 8.15% Due 12/31/20292025-09-300001911321State Street Institutional Money Market Fund2024-12-310001911321Great Southern Homes, Inc. First and Second Lien Debt Original Purchase Date 12/11/2024 SOFR Spread 7.25 % Interest Rate 11.70% Due 12/11/20302024-01-012024-12-310001911321First Brands Group, LLC One First and Second Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 5.00% Interest Rate 9.85% Due 3/30/20272024-12-310001911321ck0001911321:ClassDSharesMember2024-12-310001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 SOFR Spread 6.50% Interest Rate 10.83% Due 12/31/20292024-12-310001911321Spencer Spirit IH LLC First and Second Lien Debt Original Purchase Date 6/25/2024 S+4.75% Interest Rate 8.97% Due 7/15/20312025-09-300001911321ASI JBE Holdings LLC First and Second Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate 10.16% Due 7/28/20312025-01-012025-09-300001911321Tank Holding Corp. First and Second Lien Debt Original Purchase Date 5/11/2023 SOFR Spread 5.75% Interest Rate 10.25% Due 3/31/20282024-12-310001911321us-gaap:InvestmentAffiliatedIssuerControlledMember2025-07-012025-09-300001911321MEI Buyer LLC First and Second Lien Debt SOFR Original Purchase Date 6/12/2023 Spread 5.00% Interest Rate 9.40% Due 6/29/20292024-01-012024-12-310001911321Rohm Holding GmbH First and Second Lien Debt Original Purchase Date 8/13/2024 S+5.50%/.25% PIK Interest Rate 9.70% Due 1/31/20292025-01-012025-09-300001911321Endo1 Partners, LLC First and Second Lien Debt Original Purchase Date 5/23/2025 S+7.50/.475% PIK Interest Rate 12.14% Due 5/23/20302025-01-012025-09-300001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 S+5.75% Due 12/30/20292025-09-300001911321us-gaap:FairValueInputsLevel3Member2025-06-300001911321Cleanova US Holdings LLC First and Second Lien Debt Original Purchase Date 5/22/2025 S+4.75% Interest Rate 8.81% Due 6/14/20322025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Interest Rate 9.15% Due 6/29/20292025-09-300001911321ck0001911321:DistributorsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321Long Ridge Energy LLC First and Second Lien Debt Original Purchase Date 2/7/2025 S+4.50% Interest Rate 8.50% Due 2/19/20322025-01-012025-09-300001911321ck0001911321:OilGasAndConsumableFuelsMember2025-09-300001911321Endo1 Partners, LLC First and Second Lien Debt Original Purchase Date 5/23/2025 S+7.50/.475% PIK Interest Rate 12.14% Due 5/23/20302025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:TradingCompaniesAndDistributorsMember2024-12-310001911321Power Stop, LLC First and Second Lien Debt Original Purchase Date 6/7/2024 SOFR Spread 4.75% Interest Rate 9.36% Due 1/26/20292024-01-012024-12-310001911321us-gaap:InvestmentAffiliatedIssuerControlledMember2024-07-012024-09-300001911321us-gaap:NondesignatedMember2025-07-012025-09-300001911321ck0001911321:ClassDSharesMember2025-07-012025-09-300001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 S+6.00% Interest Rate 10.13% Due 6/7/20272025-01-012025-09-300001911321Cassavant Holdings, LLC First and Second Lien Debt Original Purchase Date 1/11/2024 SOFR Spread 8.00%/7.00% PIK Interest Rate 15.00% Due 1/11/20282024-01-012024-12-310001911321Wyndham Home Products LLC First and Second Lien Debt Original Purchase Date 10/11/2024 S+6.25% Interest Rate 10.41% Due 10/11/20292025-01-012025-09-300001911321Carroll County Energy LLC First and Second Lien Debt Original Purchase Date 6/24/2024 S+3.25% Interest Rate 7.25% Due 6/27/20312025-09-300001911321AMCP Clean Acquisition Company, LLC First and Second Lien Debt Original Purchase Date 12/1/2023 SOFR Spread 4.75% Interest Rate 9.08% Due 6/15/20282024-01-012024-12-310001911321BP Loenbro Holdings Inc Two First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-09-300001911321ck0001911321:HealthCareProvidersAndServicesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:ShareRepurchaseProgramMayThirtyTwoThousandTwentyFiveMember2025-09-300001911321ck0001911321:StateStreetInstitutionalMoneyMarketFundMember2024-12-310001911321us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMember2025-09-300001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 S+1.50%/4.00%PIK Interest Rate 9.65% Due 12/31/20292025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-06-300001911321MRP Buyer, LLC First and Second Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 7.25% Due 6/4/20322025-01-012025-09-3000019113212024-12-312024-12-310001911321Journey Personal Care Corp. First and Second Lien Debt Purchase Date 4/28/2023 SOFR Spread 3.75 % Interest Rate 8.11% Due 3/1/20282024-01-012024-12-310001911321LaserShip, Inc. First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 6.25% Interest Rate 11.03% Due 1/2/20292024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Interest Rate 9.25% Due 6/29/20292025-09-300001911321Cassavant Holdings, LLC First and Second Lien Debt Original Purchase Date 1/11/2024 SOFR Spread 8.00%/7.00% PIK Interest Rate 15.00% Due 1/11/20282024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2025-06-300001911321Great Southern Homes, Inc. First and Second Lien Debt Original Purchase Date 12/11/2024 S+7.25 % Interest Rate 11.40% Due 12/11/20302025-09-300001911321Array Midco, Corp. Delayed Draw Term Loan2025-01-012025-09-300001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 P+5.50% Interest Rate 12.75% Due 12/31/20292025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:HouseholdDurablesEquityInvestmentsMember2024-12-310001911321KKR Tinder TFC Aggregator L.P. Original Purchase Date 7/27/20232025-01-012025-09-300001911321Square German BidCo GmbH First and Second Lien Debt Original Purchase Date 6/25/2024 E+7.25% Interest Rate 9.25% Due 6/27/20292025-09-300001911321us-gaap:AutomobilesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:AutomobileComponentsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberck0001911321:FirstLienDebtMember2024-12-310001911321Team Services Group, LLC, First and Second Lien Debt Original Purchase Date 4/4/2023 SOFR Spread 5.25 % Interest Rate 9.61% Due 12/20/20272024-12-310001911321ck0001911321:O2025Q4DividendsMemberck0001911321:ClassSSharesMemberus-gaap:SubsequentEventMember2025-11-120001911321Invenergy Thermal Operating I LLC First and Second Lien Debt Original Purchase Date 8/4/2023 S+3.50% Interest Rate 7.75% Due 5/17/20322025-09-300001911321ck0001911321:AerospaceAndDefenseMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:SoftwareMember2025-09-300001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 S+5.75% Interest Rate 9.91% Due 12/30/20292025-01-012025-09-300001911321HAH Group Holdings Company LLC First and Second Lien Debt Original Purchase Date 2/7/2023 S+5.00% Interest Rate 9.16% Due 9/24/20312025-09-300001911321ck0001911321:AdvisorMember2024-01-012024-09-300001911321ck0001911321:ProfessionalServicesMember2024-12-310001911321Foreign Currency Forward Contract Goldman Sachs Bank USA Settlement Date 5/27/20252024-01-012024-12-310001911321country:GB2025-09-300001911321Foreign Currency Forward Contract Goldman Sachs Bank USA Settlement Date 5/27/20252024-12-310001911321Revere Power, LLC One First and Second Lien Debt Original Purchase Date 5/31/2024 SOFR Spread 4.25% Interest Rate 8.73% Due 3/27/20262024-01-012024-12-310001911321ck0001911321:IndependentPowerAndRenewableElectricityProducersMember2024-12-310001911321ck0001911321:O2025Q2DividendsMemberck0001911321:ClassSSharesMember2025-01-012025-09-300001911321ck0001911321:AdvisorMember2025-01-012025-09-300001911321LSCS Holdings, Inc. First and Second Lien Debt Original Purchase Date 9/11/2024 SOFR Spread 4.61% Interest Rate 8.97% Due 12/16/20282024-01-012024-12-310001911321DS Admiral Bidco, LLC First and Second Lien Debt Original Purchase Date 6/17/2024 S+4.25% Interest Rate 8.41% Due 6/26/20312025-01-012025-09-300001911321us-gaap:SecuredDebtMembersrt:MaximumMemberck0001911321:FirstAmendedAndRestatedCreditAgreementMember2024-10-112024-10-110001911321ADMI Corp. (aka Aspen Dental) First and Second Lien Debt Original Purchase Date 3/6/2024 SOFR Spread 3.75% Interest Rate 8.22% Due 12/23/20272024-01-012024-12-310001911321ck0001911321:DiversifiedConsumerServicesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Teneo Holdings LLC First and Second Lien Debt Original Purchase Date 3/8/2024 SOFR Spread 4.75% Interest Rate 9.11% Due 3/13/20312024-12-310001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 SOFR Spread 6.00% Interest Rate 10.46% Due 6/7/20272024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2025-07-012025-09-300001911321ck0001911321:ClassSSharesMember2025-08-310001911321us-gaap:ChemicalsSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321Arcline FM Holdings, LLC First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.50% Interest Rate 9.05% Due 6/23/20282024-01-012024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Red Oak Power, LLC First and Second Lien Debt Original Purchase Date 9/22/2025 S+5.25% Interest Rate 9.25% Due 9/22/20312025-09-300001911321First Brands Group, LLC First and Second Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 5.00% Interest Rate 9.57% Due 3/30/20272025-09-300001911321DS Parent Inc First and Second Lien Debt Original Purchase Date 12/15/2023 S+5.50% Interest Rate 9.50% Due 1/13/20312025-01-012025-09-300001911321American Greetings Corporation First and Second Lien Debt Original Purchase Date 2/2/2023 S+5.75% Interest Rate 9.91% Due 10/30/20292025-09-300001911321ck0001911321:HouseholdProductsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321Great Southern Homes, Inc. First and Second Lien Debt Original Purchase Date 12/11/2024 SOFR Spread 7.25 % Interest Rate 11.70% Due 12/11/20302024-12-310001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 SOFR Spread 5.00% Interest Rate 9.48% Due 6/29/20292024-01-012024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:BiotechnologyMember2025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Interest Rate 9.15% Due 6/29/20292025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignExchangeForwardMember2025-09-300001911321ck0001911321:ClassDSharesMember2025-11-130001911321ck0001911321:SecondLienDebtMemberus-gaap:FairValueInputsLevel1Member2024-12-310001911321Holley Inc. First and Second Lien Debt Original Purchase Date 5/17/2023 SOFR Spread 3.75% Interest Rate 8.22% Maturity Date 11/17/20282024-12-310001911321ck0001911321:ClassSCommonSharesMember2024-01-012024-09-300001911321Tank Holding Corp. First and Second Lien Debt Original Purchase Date 5/11/2023 SOFR Spread 5.75% Interest Rate 10.25% Due 3/31/20282024-01-012024-12-310001911321South Field Energy LLC One First and Second Lien Debt Original Purchase Date 8/15/2024 SOFR Spread 3.75% Interest Rate 8.08% Due 8/29/20312024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMemberck0001911321:TransactionalValueMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0001911321:SecondLienDebtMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001911321American Greetings Corporation First and Second Lien Debt Original Purchase Date 2/2/2023 SOFR Spread 5.75 % Interest Rate 10.11% Due 10/30/20292024-12-310001911321Future Pak, LLC First and Second Lien Debt Original Purchase Date 9/23/2025 S+6.50% Interest Rate 10.75% Due 3/21/20302025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-09-300001911321J-O Building Company LLC First and Second Lien Debt Original Purchase Date 6/28/2023 S+6.75% Interest Rate 10.75% Due 5/25/20282025-01-012025-09-300001911321MEI Buyer LLC Revolver2025-01-012025-09-300001911321Cassavant Holdings, LLC First and Second Lien Debt Original Purchase Date 1/11/2024 Reference Rate and Spread 8.00%/7.00% PIK Interest Rate 15.00% Due 1/11/20282025-09-300001911321ck0001911321:HouseholdDurablesEquityInvestmentsMember2025-09-300001911321ck0001911321:FoodProductsMember2025-09-300001911321Array Midco, Corp. Delayed Draw Term Loan2025-09-300001911321DS Parent Inc First and Second Lien Debt Original Purchase Date 12/15/2023 SOFR Spread 5.50% Interest Rate 9.83% Due 1/31/20312024-01-012024-12-310001911321Potomac Energy Center, LLC First and Second Lien Debt Original Purchase Date 6/6/2023 S+3.00% Interest Rate 7.32% Due 3/14/20322025-09-300001911321The Action Environmental Group, Inc. First and Second Lien Debt Original Purchase Date 10/5/2023 SOFR Spread 3.75% Due 10/24/20302024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:ElectricalEquipmentMember2024-12-310001911321First and Second Lien Debt EURIBOR or SOFR2025-01-012025-09-300001911321ck0001911321:ClassICommonSharesMember2025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberck0001911321:FirstLienDebtMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001911321OSAKA Gas Michigan Power, LLC First and Second Lien Debt Original Purchase Date 6/6/2024 SOFR Spread 6.50% Interest Rate 10.81% Due 10/31/20302024-12-310001911321Charlotte Buyer, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.75% Interest Rate 9.20% Due 2/11/20282024-01-012024-12-310001911321ck0001911321:IndependentPowerAndRenewableElectricityProducersMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2025-07-012025-09-300001911321ck0001911321:HealthCareProvidersAndServicesMember2025-09-300001911321ck0001911321:SoftwareMember2024-12-310001911321IBG Borrower LLC First and Second Lien Debt Original Purchase Date 11/20/2023 S+5.00% Interest Rate 9.15% Due 8/22/20292025-01-012025-09-300001911321ck0001911321:ClassSSharesMember2025-11-130001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 SOFR Spread 5.00% Interest Rate 9.36% Due 6/29/20292024-12-310001911321Bettcher Industries, Inc. First and Second Lien Debt Original Purchase Date 5/22/2024 SOFR Spread 4.00% Interest Rate 8.33% Due 12/14/20282024-01-012024-12-310001911321The Action Environmental Group, Inc. First and Second Lien Debt Original Purchase Date 10/5/2023 SOFR Spread 3.75% Interest Rate 8.08% Due 10/24/20302024-01-012024-12-310001911321Oregon Clean Energy, LLC First and Second Lien Debt Original Purchase Date 6/26/2024 SOFR Spread 4.00% Interest Rate 8.32% Due 7/12/20302024-01-012024-12-3100019113212025-10-282025-10-280001911321Carroll County Energy LLC First and Second Lien Debt Original Purchase Date 6/24/2024 SOFR Spread 4.00% Interest Rate 8.33% Due 6/27/20312024-01-012024-12-310001911321Staples, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 5.75 % Interest Rate 10.18% Due 9/4/20292024-01-012024-12-3100019113212024-09-302024-09-300001911321BP Loenbro Holdings Inc Delayed Draw Term Loan2024-01-012024-12-310001911321Bettcher Industries, Inc. First and Second Lien Debt Original Purchase Date 5/22/2024 SOFR Spread 4.00% Interest Rate 8.33% Due 12/14/20282024-12-310001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+4.50%/1% PIK Interest Rate 9.73% Due 12/11/20262025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2024-12-310001911321Oregon Clean Energy, LLC First and Second Lien Debt Original Purchase Date 6/26/2024 S+3.50% Interest Rate 7.50% Due 7/12/20302025-01-012025-09-300001911321us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignExchangeForwardMember2024-12-310001911321ck0001911321:ClassDSharesMember2024-10-100001911321ck0001911321:ContainersAndPackagingMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0001911321:FirstLienDebtMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2024-12-310001911321Holley Inc. First and Second Lien Debt Original Purchase Date 5/17/2023 SOFR Spread 3.75% Interest Rate 8.22% Maturity Date 11/17/20282024-01-012024-12-310001911321Power Stop, LLC First and Second Lien Debt Original Purchase Date 6/7/2024 SOFR Spread 4.75% Interest Rate 9.36% Due 1/26/20292024-12-310001911321ck0001911321:GasUtilitiesMember2025-09-300001911321Best Practices Associates, L.L.C. Revolver2024-12-310001911321country:DE2024-12-310001911321MEI Buyer LLC Delayed Draw Term Loan2025-09-300001911321us-gaap:FairValueInputsLevel3Member2023-12-310001911321Karman Holdings LLC First and Second Lien Debt Original Purchase Date 2/27/2025 SOFR Spread S+3.50% Interest Rate 7.50% Due 4/1/20322025-01-012025-09-300001911321ck0001911321:ClassISharesMember2024-03-310001911321us-gaap:SecuredDebtMembersrt:MinimumMember2024-10-112024-10-110001911321srt:MaximumMember2025-08-290001911321us-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2025-09-300001911321Charlotte Buyer, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 S+4.25% Interest Rate 8.43% Due 2/11/20282025-09-300001911321ck0001911321:ConstructionMaterialsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321us-gaap:ForeignExchangeForwardMember2025-09-300001911321ck0001911321:ClassISharesMember2025-07-310001911321Xplor T1 LLC First and Second Lien Debt Original Purchase Date 6/27/2024 SOFR Spread 3.50% Interest Rate 7.83% Due 06/24/20312024-12-310001911321us-gaap:FairValueInputsLevel2Memberck0001911321:FirstLienDebtAndSecondLienDebtMember2024-12-310001911321Gategroup Finance International S.à r.l . First and Second Lien Debt Original Purchase Date 5/28/2025 S+4.25% Interest Rate 8.56% Due 5/28/20322025-09-300001911321Jump Auto Holdings LLC First and Second Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 6.75% Interest Rate 11.08% Due 9/30/20292024-01-012024-12-310001911321Square German BidCo GmbH First and Second Lien Debt Original Purchase Date 6/25/2024 E+7.25% Interest Rate 9.25% Due 6/27/20292025-01-012025-09-300001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 S+6.00% Interest Rate 10.00% Due 12/31/20292025-01-012025-09-300001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 SOFR Spread 6.75% Interest Rate 11.08% Due 11/8/20292024-01-012024-12-310001911321State Street Institutional Money Market Fund2023-01-012023-12-310001911321ASI JBE Holdings LLC Revolver2025-01-012025-09-300001911321ck0001911321:ClassDSharesMember2024-09-300001911321Ineos US Finance LLC First and Second Lien Debt Original Purchase Date 3/12/2025 S+3.00% Interest Rate 7.16% Due 2/7/20312025-01-012025-09-300001911321ck0001911321:ShareRepurchaseProgramMarchThreeTwoThousandTwentyFiveMember2025-01-012025-09-300001911321Indy US Bidco, LLC First and Second Lien Debt Original Purchase Date 2/13/2023 SOFR Spread 4.75% Interest Rate 9.11% Due 3/6/20282024-01-012024-12-310001911321us-gaap:InvestmentAffiliatedIssuerControlledMemberck0001911321:IC3700FlamingoRoadLLCMemberus-gaap:EquitySecuritiesMember2025-09-300001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 SOFR Spread 4.00% Interest Rate 8.74% Due 12/26/20282024-01-012024-12-310001911321Recess Holdings, Inc. First and Second Lien Debt Original Purchase Date 8/17/2023 SOFR Spread 4.50% Interest Rate 9.09% Due 2/20/20302024-01-012024-12-310001911321ck0001911321:ElectricUtilitiesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321CPV Fairview, LLC First and Second Lien Debt Original Purchase Date 8/8/2024 SOFR Spread 3.50% Interest Rate 7.86% Due 8/14/20312024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2024-01-012024-09-300001911321IC 3700 Flamingo Road LLC Second Lien Debt Original Purchase Date 8/12/2025 Reference Rate and Spread 10.00% PIK Interest Rate 10.00% Due 5/10/20282025-01-012025-09-300001911321The Action Environmental Group, Inc Delayed Draw Term Loan2024-01-012024-12-310001911321Potomac Energy Center, LLC First and Second Lien Debt Original Purchase Date 6/6/2023 S+3.00% Interest Rate 7.32% Due 3/14/20322025-01-012025-09-300001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 S+1.50%/2.50%PIK Interest Rate 8.15% Due 12/31/20292025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001911321us-gaap:ChemicalsSectorMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:AerospaceAndDefenseMember2024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:HotelsRestaurantsLeisureMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:ClassISharesMember2025-07-012025-09-300001911321us-gaap:FairValueInputsLevel3Member2024-06-300001911321ck0001911321:BuildingProductsMember2024-12-310001911321Kelso Industries LLC Delayed Draw Term Loan2024-12-310001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 S+5.00% Interest Rate 9.16% Due 6/29/20292025-09-300001911321ck0001911321:DistributorsMember2025-09-300001911321Tank Holding Corp. Delayed Draw Term Loan2024-12-310001911321ck0001911321:SoftwareMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321us-gaap:NondesignatedMember2025-01-012025-09-300001911321Kelso Industries LLC Delayed Draw Term Loan2024-01-012024-12-310001911321LSF12 Badger Bidco LLC First and Second Lien Debt Original Purchase Date 7/25/2023 S+6.00% Interest Rate 9.66% Due 8/30/20302025-09-300001911321KDC/One Development Corporation, Inc. First and Second Lien Debt Original Purchase Date 8/3/2023 SOFR Spread 4.00% Interest Rate 8.36% Due 8/15/20282024-12-310001911321Foreign Currency Forward Contract Goldman Sachs Bank USA Settlement Date 11/28/20252025-01-012025-09-300001911321ck0001911321:SecondLienDebtMemberus-gaap:InvestmentAffiliatedIssuerControlledMemberck0001911321:IC3700FlamingoRoadLLCMember2025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:OilGasAndConsumableFuelsMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Power Stop, LLC First and Second Lien Debt Original Purchase Date 6/7/2024 SOFR Spread 4.75% Interest Rate 9.16% Due 1/26/20292025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:OilGasAndConsumableFuelsMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321ck0001911321:DiversifiedConsumerServicesMember2024-12-310001911321ADMI Corp. (aka Aspen Dental) First and Second Lien Debt Original Purchase Date 3/6/2024 SOFR Spread 3.75% Interest Rate 8.22% Due 12/23/20272024-12-310001911321J-O Building Company LLC First and Second Lien Debt Original Purchase Date 6/28/2023 SOFR Spread 6.75% Interest Rate 11.08% Due 5/25/20282024-12-310001911321OSAKA Gas Michigan Power, LLC First and Second Lien Debt Original Purchase Date 6/6/2024 SOFR Spread 6.50% Interest Rate 10.81% Due 10/31/20302024-01-012024-12-310001911321Recess Holdings, Inc. First and Second Lien Debt Original Purchase Date 8/17/2023 SOFR Spread 4.50% Interest Rate 9.09% Due 2/20/20302024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtAndSecondLienDebtMember2025-09-300001911321ck0001911321:ClassISharesMembersrt:AffiliatedEntityMember2024-12-310001911321ck0001911321:HouseholdProductsMember2025-09-300001911321ADMI Corp. (aka Aspen Dental) First and Second Lien Debt Original Purchase Date 3/6/2024 SOFR Spread 5.75% Interest Rate 10.11% Due 12/23/20272024-01-012024-12-310001911321us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeForwardMember2024-12-310001911321ck0001911321:ClassSCommonSharesMember2024-07-012024-09-300001911321ck0001911321:MetalsAndMiningMember2024-12-310001911321ck0001911321:SecondLienDebtMember2024-12-310001911321The Action Environmental Group, Inc Delayed Draw Term Loan2024-12-310001911321us-gaap:DelayedDrawTermLoanMember2025-09-300001911321ck0001911321:O2025Q4DividendsMemberus-gaap:SubsequentEventMemberck0001911321:ClassISharesMember2025-11-1200019113212024-12-310001911321Arsenal AIC Parent LLC First and Second Lien Debt Original Purchase Date 7/27/2023 SOFR Spread 3.25% Interest Rate 7.61% Due 8/18/20302024-01-012024-12-310001911321ck0001911321:ClassSSharesMember2025-03-310001911321ck0001911321:CommercialServicesAndSuppliesMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2024-07-012024-09-300001911321ck0001911321:ClassSSharesMember2025-05-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2024-01-012024-09-300001911321us-gaap:FairValueInputsLevel2Member2024-12-310001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0001911321:SecondLienDebtMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2025-09-300001911321KKR Tinder TFC Aggregator L.P. Original Purchase Date 7/27/20232024-12-310001911321Lightning Power, LLC First and Second Lien Debt Original Purchase Date 8/7/2024 SOFR Spread 3.25% Interest Rate 7.58% Due 8/16/20312024-12-310001911321PrimeSource Brands First and Second Lien Debt Original Purchase Date 9/25/2025 S+4.50% Interest Rate 8.49% Due 3/15/20312025-01-012025-09-300001911321South Field Energy LLC First and Second Lien Debt Original Purchase Date 8/15/2024 SOFR Spread 3.75% Interest Rate 8.08% Due 8/29/20312024-12-310001911321us-gaap:FairValueInputsLevel1Member2024-12-310001911321us-gaap:FairValueInputsLevel3Member2025-01-012025-09-300001911321Brand Industrial Services Inc First and Second Lien Debt Original Purchase Date 4/20/2023 SOFR Spread 4.50% Interest Rate 9.07% Due 8/1/20302024-01-012024-12-310001911321ck0001911321:EnergyEquipmentAndServicesMember2025-09-300001911321Square German BidCo GmbH, First and Second Lien Debt Original Purchase Date 6/25/2024 E+7.50%, Interest Rate 10.22%, Due 6/27/20292024-01-012024-12-310001911321Charlotte Buyer, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 S+4.25% Interest Rate 8.43% Due 2/11/20282025-01-012025-09-300001911321MEI Buyer LLC Revolver2024-12-310001911321ck0001911321:ElectricalEquipmentMember2025-09-300001911321ck0001911321:ClassSSharesMember2025-07-012025-09-300001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.01% Due 2/1/20292025-09-300001911321country:CA2025-09-300001911321LSF12 Badger Bidco LLC First and Second Lien Debt Original Purchase Date 7/25/2023 SOFR Spread 6.00% Interest Rate 10.36% Due 8/30/20302024-12-310001911321Revere Power, LLC First and Second Lien Debt Original Purchase Date 5/31/2024 SOFR Spread 4.25% Interest Rate 8.73% Due 3/27/20262024-01-012024-12-310001911321ck0001911321:ClassISharesMember2024-01-012024-09-300001911321CPV Fairview, LLC First and Second Lien Debt Original Purchase Date 8/8/2024 SOFR Spread 3.50% Interest Rate 7.86% Due 8/14/20312024-01-012024-12-310001911321IC 3700 Flamingo Road LLC Original Purchase Date 8/12/20252025-01-012025-09-300001911321ASI JBE Holdings LLC One First and Second Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate 10.16% Due 7/28/20312025-09-300001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 SOFR Spread S+6.50%/2% PIK Interest Rate 13.02% Due 2/12/20292024-12-310001911321ck0001911321:O2025Q2DividendsMemberck0001911321:ClassISharesMember2025-01-012025-09-300001911321srt:MaximumMember2025-05-300001911321BP Loenbro Holdings Inc Three First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-01-012025-09-300001911321ck0001911321:ClassISharesMemberck0001911321:O2024Q2DividendsMember2025-01-012025-09-300001911321Neptune Bidco US Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 5.00% Interest Rate 9.76% Due 4/11/20292024-01-012024-12-310001911321ck0001911321:ClassSSharesMember2024-06-242024-06-240001911321U.S. Anesthesia Partners, Inc. First and Second Lien Debt Original Purchase Date 8/9/2024 SOFR Spread 4.25 % Interest Rate 8.92% Due 10/1/20282024-12-310001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberck0001911321:FirstLienDebtMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:EquitySecuritiesMember2025-09-300001911321us-gaap:InvestmentAffiliatedIssuerControlledMember2025-01-012025-09-300001911321us-gaap:FairValueInputsLevel2Memberck0001911321:HouseholdDurablesEquityInvestmentsMember2025-09-300001911321Dune Acquisition, Inc. First and Second Lien Debt Original Purchase Date 8/20/2024 S+6.25% Interest Rate 10.41% Due 11/20/20302025-01-012025-09-300001911321us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2024-07-012024-09-300001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 SOFR Spread S+4.50%/1% PIK Interest Rate 10.02% Due 12/11/20262024-01-012024-12-310001911321Invenergy Thermal Operating I LLC First and Second Lien Debt Original Purchase Date 8/4/2023 S+3.50% Interest Rate 7.75% Due 5/17/20322025-01-012025-09-300001911321ck0001911321:HouseholdDurablesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:ClassISharesMember2024-05-310001911321Non-qualifying Assets2024-12-310001911321Voltagrid LLC Delayed Draw Term Loan2024-01-012024-12-310001911321ck0001911321:ClassISharesMemberck0001911321:O2025Q1DividendsMember2025-01-012025-09-300001911321ck0001911321:GroundTransportationMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321Compass Power Generation, L.L.C. First and Second Lien Debt Original Purchase Date 9/19/2024 S+3.25% Interest Rate 7.41% Due 4/14/20292025-09-300001911321us-gaap:FairValueInputsLevel3Member2024-01-012024-09-300001911321country:LU2025-09-300001911321ck0001911321:ShareRepurchaseProgramAugustTwentyNineTwoThousandTwentyFiveMember2025-09-300001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 SOFR Spread 5.75% Interest Rate 10.09% Due 12/30/20292024-01-012024-12-310001911321DS Parent Inc First and Second Lien Debt Original Purchase Date 12/15/2023 S+5.50% Interest Rate 9.50% Due 1/13/20312025-09-300001911321First Brands Group, LLC One First and Second Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 5.00% Interest Rate 9.85% Due 3/30/20272024-01-012024-12-310001911321EFS Cogen Holdings I LLC First and Second Lien Debt Original Purchase Date 9/27/2024 S+3.00% Interest Rate 7.00% Due 10/3/20312025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberus-gaap:EquitySecuritiesMember2025-09-300001911321ASI JBE Holdings LLC Delayed Draw Term Loan2025-01-012025-09-300001911321PHRG Intermediate LLC First and Second Lien Debt Original Purchase Date 2/14/2025 S+4.00% Interest Rate 8.00% Due 2/20/20322025-01-012025-09-300001911321ck0001911321:MachineryMember2024-12-310001911321DS Admiral Bidco, LLC First and Second Lien Debt Original Purchase Date 6/17/2024 SOFR Spread 4.25% Interest Rate 8.61% Due 6/26/20312024-12-310001911321ck0001911321:SoftwareMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 S+6.75% Interest Rate 10.77% Due 11/8/20292025-09-300001911321ADMI Corp. (aka Aspen Dental) First and Second Lien Debt Original Purchase Date 3/6/2024 S+5.75% Interest Rate 9.91% Due 12/23/20272025-01-012025-09-300001911321ck0001911321:ClassISharesMember2024-07-012024-09-300001911321us-gaap:FairValueInputsLevel1Memberck0001911321:FirstLienDebtAndSecondLienDebtMember2025-09-300001911321South Field Energy LLC One First and Second Lien Debt Original Purchase Date 8/15/2024 SOFR Spread 3.75% Interest Rate 8.08% Due 8/29/20312024-01-012024-12-310001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 SOFR Spread 5.25 % Due 12/31/20292024-12-310001911321ck0001911321:DistributorsMember2024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:HotelsRestaurantsLeisureMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:ClassSSharesMember2023-12-310001911321us-gaap:EquitySecuritiesMember2025-09-300001911321ck0001911321:ClassSSharesMember2024-10-100001911321Carroll County Energy LLC First and Second Lien Debt Original Purchase Date 6/24/2024 S+3.25% Interest Rate 7.25% Due 6/27/20312025-01-012025-09-300001911321LTI Holdings, Inc. First and Second Lien Debt Original Purchase Date 8/7/2024 SOFR Spread 4.75% Interest Rate 9.11% Due 7/24/20262024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321DS Admiral Bidco, LLC First and Second Lien Debt Original Purchase Date 6/17/2024 SOFR Spread 4.25% Interest Rate 8.61% Due 6/26/20312024-01-012024-12-310001911321BP Loenbro Holdings Inc Two First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:TechnologyHardwareStorageAndPeripheralsMember2024-12-310001911321ck0001911321:GasUtilitiesMember2024-12-310001911321Skopima Consilio Parent LLC First and Second Lien Debt Original Purchase Date 8/7/2024 S+3.75% Interest Rate 7.91% Due 5/12/20282025-09-300001911321Invenergy Thermal Operating I LLC First and Second Lien Debt Original Purchase Date 8/4/2023 S+3.50% Interest Rate 7.75% Due 5/17/2032 One2025-01-012025-09-300001911321ck0001911321:AdvisorMember2025-09-300001911321ASI JBE Holdings LLC First and Second Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate 10.16% Due 7/28/20312025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtAndSecondLienDebtMember2024-12-310001911321ck0001911321:ClassSSharesMember2025-07-310001911321us-gaap:InvestmentAffiliatedIssuerControlledMember2024-01-012024-09-300001911321Jump Auto Holdings LLC First and Second Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 6.75% Interest Rate 10.75% Due 9/30/20292025-01-012025-09-300001911321ck0001911321:ClassSSharesMember2025-09-300001911321DTI Holdco, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 S+4.00% Interest Rate 8.16% Due 4/26/20292025-01-012025-09-300001911321Wyndham Home Products LLC First and Second Lien Debt Original Purchase Date 10/11/2024 S+6.25% Interest Rate 10.41% Due 10/11/20292025-09-300001911321First and Second Lien Debt EURIBOR2024-01-012024-12-310001911321Household Durables United Homes Group, Inc. Original Purchase Date 12/6/20242024-12-310001911321Array Midco, Corp. Delayed Draw Term Loan2024-01-012024-12-310001911321ck0001911321:CommercialServicesAndSuppliesMember2024-12-310001911321srt:MaximumMember2024-11-290001911321ck0001911321:ContainersAndPackagingMember2024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2024-06-300001911321us-gaap:AutomobilesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:ElectricUtilitiesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Brand Industrial Services Inc First and Second Lien Debt Original Purchase Date 4/20/2023 SOFR Spread 4.50% Interest Rate 9.07% Due 8/1/20302024-12-310001911321ck0001911321:ConstructionMaterialsMember2025-09-300001911321ck0001911321:ChemicalsMember2024-12-310001911321Foreign Currency Forward Contract Goldman Sachs Bank USA Settlement Date 11/28/20252025-09-300001911321State Street Institutional Money Market Fund2025-01-012025-09-300001911321LSF12 Badger Bidco LLC First and Second Lien Debt Original Purchase Date 7/25/2023 S+6.00% Interest Rate 9.66% Due 8/30/20302025-01-012025-09-300001911321ck0001911321:O2024Q3DividendsMemberck0001911321:ClassISharesMember2025-01-012025-09-300001911321HDI Aerospace Intermediate Holding III Corporation First and Second Lien Debt Original Purchase Date 3/4/2025 SOFR Spread S+4.50% Interest Rate 8.83% Due 2/11/20322025-01-012025-09-300001911321ck0001911321:ClassSSharesMemberck0001911321:O2025Q3DividendsMember2025-01-012025-09-300001911321us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001911321us-gaap:FairValueInputsLevel2Memberck0001911321:FirstLienDebtMember2024-12-310001911321Trulite Holding Corp First and Second Lien Debt Original Purchase Date 2/22/2024 SOFR Spread 6.00% Interest Rate 10.59% Due 3/1/20302024-12-310001911321ck0001911321:ClassSSharesMember2025-01-310001911321Ranger Holdco Spe LLC First and Second Lien Debt Original Purchase Date 6/13/2023 15.00% PIK Interest Rate 15.00% Due 8/8/20282024-01-012024-12-310001911321ck0001911321:ClassISharesMember2025-08-310001911321Cricket Valley Energy Center First and Second Lien Debt Original Purchase Date 10/10/2023 SOFR Spread 3.90% Interest Rate 8.23% Due 6/30/20252024-12-310001911321Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 S+6.00% Interest Rate 10.20% Due 6/7/20272025-09-300001911321J-O Building Company LLC First and Second Lien Debt Original Purchase Date 6/28/2023 SOFR Spread 6.75% Interest Rate 11.08% Due 5/25/20282024-01-012024-12-310001911321country:CA2024-12-310001911321ck0001911321:HealthCareProvidersAndServicesMember2024-12-310001911321Household Durables United Homes Group, Inc. Original Purchase Date 12/6/20242025-09-300001911321Astro Acquisition, LLC First and Second Lien Debt Original Purchase Date 8/14/2025 S+3.25% Interest Rate 7.12% Due 8/30/20322025-09-300001911321Long Ridge Energy LLC First and Second Lien Debt Original Purchase Date 2/7/2025 S+4.50% Interest Rate 8.50% Due 2/19/20322025-09-300001911321Oregon Clean Energy, LLC First and Second Lien Debt Original Purchase Date 6/26/2024 SOFR Spread 4.00% Interest Rate 8.32% Due 7/12/20302024-12-310001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 SOFR Spread 5.75% Interest Rate 10.09% Due 12/30/20292024-12-310001911321Drubit LLC First and Second Lien Debt Original Purchase Date 2/20/2025 S+5.50% Interest Rate 9.66% Due 1/31/20312025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:BuildingProductsMember2025-09-300001911321Staples, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 5.75 % Interest Rate 10.18% Due 9/4/20292024-12-310001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 S+6.50% Interest Rate 10.49% Due 12/31/20292025-01-012025-09-300001911321ck0001911321:HouseholdDurablesEquityInvestmentsMember2024-12-310001911321ck0001911321:AdvisorMember2024-07-012024-09-300001911321us-gaap:IPOMembersrt:MaximumMember2025-01-012025-09-300001911321us-gaap:FairValueInputsLevel1Memberck0001911321:HouseholdDurablesEquityInvestmentsMember2025-09-300001911321LaserShip, Inc. One First and Second Lien Debt Original Purchase Date 4/13/2023 SOFR Spread 4.50% Interest Rate 9.28% Due 8/10/20292024-12-310001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 SOFR Spread 5.25 % Interest Rate 9.62% Due 12/31/20292024-12-310001911321Voltagrid LLC First and Second Lien Debt Original Purchase Date 3/1/2024 SOFR Spread 6.50% Interest Rate 10.93% Due 2/28/20292024-12-310001911321Rohm Holding GmbH First and Second Lien Debt Original Purchase Date 8/13/2024 SOFR Spread 5.50%/.25% PIK Interest Rate 10.59% Due 1/31/20292024-01-012024-12-310001911321ck0001911321:SpecialtyRetailMember2024-12-310001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 S+5.25 % Interest Rate 9.17% Due 12/31/20292025-09-300001911321Tank Holding Corp. Delayed Draw Term Loan2024-01-012024-12-310001911321ck0001911321:PersonalCareProductsMember2024-12-310001911321West Deptford Energy Holdings, LLC First and Second Lien Debt Original Purchase Date 1/27/2025 S+4.00% Interest Rate 8.16% Due 7/24/20322025-09-300001911321us-gaap:FairValueInputsLevel2Member2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2024-09-300001911321The Action Environmental Group, Inc. First and Second Lien Debt Original Purchase Date 10/5/2023 SOFR Spread 3.75% Interest Rate 8.08% Due 10/24/20302024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2025-01-012025-09-300001911321CPV Shore Holdings, LLC First and Second Lien Debt Original Purchase Date 1/24/2025 S+3.75% Interest Rate 7.75% Due 2/4/20322025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:BrokerQuotedPriceMemberck0001911321:FirstLienDebtMemberck0001911321:MarketQuotationsMembersrt:MaximumMember2024-12-310001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 S+6.75% Due 11/8/20292025-01-012025-09-300001911321ck0001911321:ClassSCommonSharesMember2025-07-012025-09-300001911321Tank Holding Corp. One First and Second Lien Debt Original Purchase Date 5/11/2023 SOFR Spread 6.00% Interest Rate 10.46% Due 3/31/20282024-01-012024-12-310001911321Kelso Industries LLC Delayed Draw Term Loan2025-01-012025-09-300001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 S+6.75% Interest Rate 10.77% Due 11/8/20292025-01-012025-09-300001911321BP Loenbro Holdings Inc Revolver2024-12-310001911321ck0001911321:ClassSSharesMember2025-02-280001911321ck0001911321:ClassISharesMember2025-06-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:BrokerQuotedPriceMemberck0001911321:FirstLienDebtMemberck0001911321:MarketQuotationsMembersrt:MaximumMember2025-09-300001911321ck0001911321:AutomobileComponentsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321First and Second Lien Debt EURIBOR2025-01-012025-09-300001911321ck0001911321:ShareRepurchaseProgramNovemberTwentyNineTwoThousandTwentyFourMember2025-09-300001911321ck0001911321:HouseholdDurablesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2024-12-3100019113212025-07-012025-09-300001911321us-gaap:DelayedDrawTermLoanMember2024-12-310001911321us-gaap:FairValueInputsLevel1Memberck0001911321:FirstLienDebtMember2025-09-300001911321ck0001911321:ClassISharesMember2024-06-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMember2025-09-300001911321American Auto Auction Group, LLC First and Second Lien Debt Original Purchase Date 4/28/2023 S+4.50% Interest Rate 8.50% Due 5/28/20322025-01-012025-09-300001911321AMCP Clean Acquisition Company, LLC First and Second Lien Debt Original Purchase Date 12/1/2023 SOFR Spread 4.75% Interest Rate 9.08% Due 6/15/20282024-12-310001911321srt:MaximumMember2025-09-300001911321Square German BidCo GmbH, First and Second Lien Debt Original Purchase Date 6/25/2024 E+7.50%, Interest Rate 10.22%, Due 6/27/20292024-12-310001911321ck0001911321:ClassISharesMember2023-12-310001911321EFS Cogen Holdings I LLC First and Second Lien Debt Original Purchase Date 9/27/2024 S+3.00% Interest Rate 7.00% Due 10/3/20312025-01-012025-09-300001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 SOFR Spread 6.50% Due 12/31/20292024-01-012024-12-310001911321Odyssey Logistics & Technology Corporation First and Second Lien Debt Original Purchase Date 7/20/2023 S+4.50% Interest Rate 8.66% Due 10/12/20272025-09-300001911321us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001911321:SecondLienDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMemberus-gaap:MarketApproachValuationTechniqueMember2025-09-300001911321LSF12 Badger Bidco LLC First and Second Lien Debt Original Purchase Date 7/25/2023 SOFR Spread 6.00% Interest Rate 10.36% Due 8/30/20302024-01-012024-12-310001911321Total Unfunded Balances Fair Value2025-09-300001911321ck0001911321:ItServicesMember2024-12-310001911321ck0001911321:MachineryMember2025-09-300001911321ck0001911321:FirstLienDebtAndSecondLienDebtMember2024-12-310001911321Crisis Prevention Institute Inc First and Second Lien Debt Original Purchase Date 12/12/2024 SOFR Spread 4.00% Interest Rate 8.43% Due 4/09/20312024-12-3100019113212024-06-300001911321us-gaap:InvestmentUnaffiliatedIssuerMember2025-07-012025-09-300001911321Lackawanna Energy Center LLC One First and Second Lien Debt Original Purchase Date 7/20/2023 SOFR Spread 4.25% Interest Rate 8.61% Due 8/6/20292024-01-012024-12-310001911321Spencer Spirit IH LLC First and Second Lien Debt Original Purchase Date 6/25/2024 S+4.75% Interest Rate 8.97% Due 7/15/20312025-01-012025-09-300001911321ck0001911321:AerospaceAndDefenseMember2025-09-300001911321ck0001911321:ClassISharesMemberck0001911321:O2024Q1DividendsMember2025-01-012025-09-300001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 SOFR Spread 5.25 % Interest Rate 9.62% Due 12/31/20292024-01-012024-12-310001911321ck0001911321:ClassICommonSharesMember2024-07-012024-09-300001911321Service Logic Acquisition, Inc. First and Second Lien Debt Original Purchase Date 9/12/2024 SOFR Spread 3.50% Interest Rate 8.09% Due 10/29/20272024-12-310001911321First and Second Lien Debt SOFR2025-09-300001911321Lightning Power, LLC First and Second Lien Debt Original Purchase Date 8/7/2024 SOFR Spread 3.25% Interest Rate 7.58% Due 8/16/20312024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001911321:BrokerQuotedPriceMemberck0001911321:FirstLienDebtMemberck0001911321:MarketQuotationsMember2024-12-310001911321us-gaap:RevolvingCreditFacilityMember2024-12-310001911321DTI Holdco, Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 4.75% Interest Rate 9.11% Due 6/26/20292024-01-012024-12-310001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 SOFR Spread 6.25% Interest Rate 10.68% Due 2/1/20292024-01-012024-12-310001911321ck0001911321:SecondLienDebtMember2025-09-300001911321us-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMemberck0001911321:MarketQuotationsMember2025-09-300001911321us-gaap:SecuredDebtMember2024-10-110001911321ck0001911321:EnergyEquipmentAndServicesMember2024-12-310001911321Form Technologies LLC First and Second Lien Debt Original Purchase Date 3/11/2025 SOFR Spread 5.75% Interest Rate 10.08% Due 7/19/20302025-01-012025-09-300001911321MEI Buyer LLC Delayed Draw Term Loan2025-01-012025-09-300001911321Wyndham Home Products LLC First and Second Lien Debt Original Purchase Date 10/11/2024 SOFR Spread 6.25% Interest Rate 10.61% Due 10/11/20292024-01-012024-12-310001911321First and Second Lien Debt U.S. Prime Rate2025-09-300001911321ck0001911321:BuildingMaterialsMember2024-12-310001911321ck0001911321:O2024Q4DividendsMemberck0001911321:ClassISharesMember2025-01-012025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMember2024-07-012024-09-300001911321us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:EquitySecuritiesMember2025-09-300001911321Journey Personal Care Corp. First and Second Lien Debt Purchase Date 4/28/2023 SOFR Spread 3.75 % Interest Rate 8.11% Due 3/1/20282024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMember2024-12-310001911321Neptune Bidco US Inc. First and Second Lien Debt Original Purchase Date 2/1/2023 SOFR Spread 5.00% Interest Rate 9.76% Due 4/11/20292024-12-310001911321ck0001911321:HealthCareProvidersAndServicesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:BiotechnologyMember2024-12-310001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 S+6.50% Interest Rate 10.49% Due 12/31/20292025-09-300001911321Total Unfunded Balances Fair Value2024-12-310001911321CC Interholdings LLC Delayed Draw Term Loan2025-09-300001911321M2S Group Intermediate Holdings, Inc. First and Second Lien Debt Original Purchase Date 9/10/2024 SOFR Spread 4.75% Interest Rate 9.09% Due 8/25/20312024-12-310001911321ck0001911321:S2025Q4DividendsMemberus-gaap:SubsequentEventMemberck0001911321:ClassISharesMember2025-11-120001911321Voltagrid LLC First and Second Lien Debt Original Purchase Date 3/1/2024 SOFR Spread 6.50% Interest Rate 10.93% Due 2/28/20292024-01-012024-12-310001911321Cogentrix Finance Holdco I, LLC First and Second Lien Debt Original Purchase Date 2/13/2025 S+2.25% Interest Rate 6.41% Due 2/26/20322025-09-300001911321Merlin Buyer Inc. First and Second Lien Debt Original Purchase Date 5/22/2024 S+4.00% Interest Rate 8.00% Due 12/14/20282025-01-012025-09-300001911321MRP Buyer, LLC One First and Second Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 7.25% Due 6/4/20322025-09-300001911321us-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberck0001911321:FirstLienDebtMember2025-09-300001911321MEI Buyer LLC First and Second Lien Debt Original Purchase Date 6/12/2023 SOFR Spread 5.00% Interest Rate 9.48% Due 6/29/20292024-12-310001911321us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0001911321:FirstLienDebtMember2025-09-300001911321ck0001911321:HouseholdProductsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 S+6.00% Interest Rate 10.00% Due 12/31/20292025-09-300001911321Best Practices Associates, L.L.C. Revolver2025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2024-12-310001911321Teneo Holdings LLC First and Second Lien Debt Original Purchase Date 3/8/2024 SOFR Spread 4.75% Interest Rate 9.11% Due 3/13/20312024-01-012024-12-310001911321EFS Cogen Holdings I LLC First and Second Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 3.50% Interest Rate 8.11% Due 10/3/20312024-12-310001911321Compass Power Generation, L.L.C. First and Second Lien Debt Original Purchase Date 9/19/2024 SOFR Spread 3.75% Interest Rate 8.11% Due 4/14/20292024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ForeignExchangeForwardMember2024-12-310001911321Voltagrid LLC Delayed Draw Term Loan2024-12-310001911321ck0001911321:ClassDSharesMember2024-01-012024-09-300001911321Kelso Industries LLC First and Second Lien Debt Original Purchase Date 12/26/2024 SOFR Spread 5.75% Due 12/30/20292024-01-012024-12-310001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-01-012025-09-300001911321ck0001911321:ElectricUtilitiesMember2024-12-310001911321Skopima Consilio Parent LLC First and Second Lien Debt Purchase Date 8/7/2024 SOFR Spread 3.75% Interest Rate 8.12% Due 5/12/20282024-01-012024-12-310001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0001911321:FirstLienDebtMember2024-12-310001911321Mood Media Borrower, LLC First and Second Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.75% Due 5/30/20302025-09-300001911321South Field Energy LLC First and Second Lien Debt Original Purchase Date 8/15/2024 S+3.00% Interest Rate 7.00% Due 8/29/20312025-01-012025-09-300001911321Oregon Clean Energy, LLC First and Second Lien Debt Original Purchase Date 6/26/2024 S+3.50% Interest Rate 7.50% Due 7/12/20302025-09-300001911321First and Second Lien Debt SOFR2025-01-012025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-07-012025-09-300001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 S+5.25 % Interest Rate 9.17% Due 12/31/20292025-01-012025-09-300001911321Jump Auto Holdings LLC First and Second Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 6.75% Interest Rate 11.08% Due 9/30/20292024-12-310001911321BP Loenbro Holdings Inc Delayed Draw Term Loan2024-12-310001911321Skopima Consilio Parent LLC First and Second Lien Debt Original Purchase Date 8/7/2024 S+3.75% Interest Rate 7.91% Due 5/12/20282025-01-012025-09-300001911321ck0001911321:TextilesApparelAndLuxuryGoodsMember2024-12-310001911321Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 P+5.50% Interest Rate 12.75% Due 12/31/20292025-09-300001911321ck0001911321:HotelsRestaurantsAndLeisureMember2025-09-300001911321ck0001911321:ClassISharesMember2024-08-310001911321ck0001911321:InsuranceMember2025-09-300001911321Mood Media Borrower, LLC Revolver2025-01-012025-09-300001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 S+6.75% Due 11/8/20292025-09-300001911321ck0001911321:HouseholdDurablesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2025-09-300001911321First Brands Group, LLC First and Second Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 5.00% Interest Rate 9.85% Due 3/30/20272024-12-310001911321Crisis Prevention Institute Inc First and Second Lien Debt Original Purchase Date 12/12/2024 SOFR Spread 4.00% Interest Rate 8.43% Due 4/09/20312024-01-012024-12-310001911321Cogentrix Finance Holdco I, LLC First and Second Lien Debt Original Purchase Date 2/13/2025 S+2.25% Interest Rate 6.41% Due 2/26/20322025-01-012025-09-300001911321Tank Holding Corp. First and Second Lien Debt Original Purchase Date 5/11/2023 SOFR Spread 6.00% Interest Rate 10.46% Due 3/31/20282024-12-310001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 S+5.25 % Interest Rate 9.16% Due 12/31/20292025-09-300001911321us-gaap:FairValueInputsLevel2Memberck0001911321:SecondLienDebtMember2024-12-310001911321us-gaap:FairValueInputsLevel3Member2024-09-300001911321The Action Environmental Group, Inc. First and Second Lien Debt Original Purchase Date 10/5/2023 SOFR Spread 3.75% Due 10/24/20302024-01-012024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:EnergyEquipmentServicesMember2025-09-300001911321ck0001911321:BuildingMaterialsMember2025-09-300001911321ck0001911321:ClassDSharesMember2025-09-300001911321Inmar, Inc. First and Second Lien Debt Original Purchase Date 7/14/2023 SOFR Spread 5.00% Interest Rate 9.36% Due 10/30/20312024-12-310001911321us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0001911321:BrokerQuotedPriceMemberck0001911321:FirstLienDebtMemberck0001911321:MarketQuotationsMember2025-09-300001911321us-gaap:FairValueInputsLevel1Memberck0001911321:HouseholdDurablesEquityInvestmentsMember2024-12-310001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 SOFR Spread S+4.50%/1% PIK Interest Rate 10.02% Due 12/11/20262024-12-3100019113212024-09-300001911321ck0001911321:ClassSSharesMember2025-01-012025-09-300001911321RelaDyne Inc. First and Second Lien Debt Original Purchase Date 4/3/2023 SOFR Spread 4.00% Interest Rate 8.36% Due 12/23/20302024-01-012024-12-310001911321Drubit LLC First and Second Lien Debt Original Purchase Date 2/20/2025 S+5.50% Interest Rate 9.66% Due 1/31/20312025-09-300001911321ck0001911321:ClassISharesMember2024-01-310001911321ck0001911321:ConstructionAndEngineeringMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321us-gaap:InvestmentUnaffiliatedIssuerMember2025-01-012025-09-300001911321Globe Electric Company Inc First and Second Lien Debt Original Purchase Date 7/25/2024 S+6.00% Interest Rate 10.20% Due 7/25/20292025-01-012025-09-300001911321First and Second Lien Debt EURIBOR or SOFR2024-01-012024-12-310001911321BP Loenbro Holdings Inc Three First and Second Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 10.14% Due 2/1/20292025-09-300001911321us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2025-07-012025-09-300001911321RelaDyne Inc. First and Second Lien Debt Original Purchase Date 4/3/2023 S+4.00% Interest Rate 7.66% Due 12/23/20302025-09-300001911321ck0001911321:ClassSSharesMember2024-12-310001911321BP Loenbro Holdings Inc First and Second Lien Debt Original Purchase Date 2/1/2024 SOFR Spread 6.25% Interest Rate 10.92% Due 2/1/20292024-12-310001911321us-gaap:SecuredDebtMembersrt:MinimumMember2025-01-012025-09-300001911321ck0001911321:ClassISharesMember2024-06-242024-06-240001911321Gategroup Finance International S.à r.l . First and Second Lien Debt Original Purchase Date 5/28/2025 S+4.25% Interest Rate 8.56% Due 5/28/20322025-01-012025-09-300001911321ck0001911321:ClassISharesMember2025-09-300001911321ck0001911321:ClassDSharesMember2024-06-242024-06-240001911321ck0001911321:ClassSSharesMember2025-06-300001911321ck0001911321:SecondLienDebtMemberus-gaap:InvestmentAffiliatedIssuerControlledMemberck0001911321:HotelsRestaurantsLeisureMember2025-09-300001911321ck0001911321:ClassSSharesMember2024-01-012024-09-300001911321ck0001911321:AdvisorMembersrt:MaximumMember2025-01-012025-09-300001911321ck0001911321:MachineryMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321DS Parent Inc First and Second Lien Debt Original Purchase Date 12/15/2023 SOFR Spread 5.50% Interest Rate 9.83% Due 1/31/20312024-12-310001911321Spencer Spirit IH LLC First and Second Lien Debt Original Purchase Date 6/25/2024 SOFR Spread 5.50% Interest Rate 10.02% Due 7/15/20312024-12-310001911321American Auto Auction Group, LLC First and Second Lien Debt Original Purchase Date 4/28/2023 SOFR Spread 4.50% Interest Rate 9.01% Due 12/30/20272024-12-310001911321IXS Holdings, Inc. First and Second Lien Debt Original Purchase Date 6/6/2024 SOFR Spread 4.25% Interest Rate 8.68% Maturity Date 3/5/20272024-01-012024-12-310001911321Team Services Group, LLC, First and Second Lien Debt Original Purchase Date 4/4/2023 SOFR Spread 5.25 % Interest Rate 9.61% Due 12/20/20272024-01-012024-12-310001911321South Field Energy LLC First and Second Lien Debt Original Purchase Date 8/15/2024 S+3.00% Interest Rate 7.00% Due 8/29/2031 One2025-09-300001911321ck0001911321:SpecialtyRetailMember2025-09-300001911321us-gaap:FairValueInputsLevel3Member2024-12-310001911321ck0001911321:MetalsAndMiningMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:CommercialServicesAndSuppliesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2024-12-310001911321ck0001911321:AirFreightAndLogisticsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-300001911321LSCS Holdings, Inc. First and Second Lien Debt Original Purchase Date 9/11/2024 SOFR Spread 4.61% Interest Rate 8.97% Due 12/16/20282024-12-310001911321ck0001911321:ClassISharesMembersrt:SubsidiariesMember2025-01-012025-09-300001911321ck0001911321:ClassSSharesMember2024-07-012024-09-300001911321ck0001911321:AutomobileComponentsMember2025-09-300001911321country:US2024-12-310001911321us-gaap:SecuredDebtMembersrt:MaximumMember2024-10-112024-10-110001911321us-gaap:FairValueInputsLevel3Memberck0001911321:SecondLienDebtMember2024-06-300001911321Indy US Bidco, LLC First and Second Lien Debt Original Purchase Date 6/18/2024 SOFR Spread 4.75% Interest Rate 9.11% Due 3/6/20282024-01-012024-12-310001911321ck0001911321:AdvisorMember2024-12-310001911321Brock Holdings III, Inc. First and Second Lien Debt Original Purchase Date 4/26/2024 SOFR Spread 6.00% Interest Rate 10.33% Due 5/2/20302024-01-012024-12-310001911321Gravity Water Midstream LLC First and Second Lien Debt Original Purchase Date 4/19/2024 SOFR Spread 6.90% Interest Rate 11.26% Due 4/11/20292024-12-310001911321ck0001911321:AirFreightAndLogisticsMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321ck0001911321:AutomobileMember2024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:PersonalCareProductsMemberck0001911321:FirstAndSecondLienDebtMember2024-12-310001911321Genuine Financial Holdings LLC First and Second Lien Debt Original Purchase Date 8/8/2024 SOFR Spread 4.00% Interest Rate 8.36% Due 9/27/20302024-01-012024-12-310001911321us-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMemberck0001911321:SpecialtyRetailMember2024-12-310001911321Eagle Parent Corp. First and Second Lien Debt Original Purchase Date 4/12/2023 SOFR Spread 4.25% Interest Rate 8.58% Due 4/2/20292024-12-310001911321Service Logic Acquisition, Inc. First and Second Lien Debt Original Purchase Date 9/12/2024 SOFR Spread 3.50% Interest Rate 8.09% Due 10/29/20272024-01-012024-12-310001911321ck0001911321:TradingCompaniesAndDistributorsMember2025-09-300001911321Best Practices Associates, L.L.C First and Second Lien Debt Original Purchase Date 11/8/2024 SOFR Spread 6.75% Due 11/8/20292024-12-310001911321ADMI Corp. (aka Aspen Dental) First and Second Lien Debt Original Purchase Date 3/6/2024 SOFR Spread 5.75% Interest Rate 10.11% Due 12/23/20272024-12-310001911321us-gaap:FairValueInputsLevel3Memberck0001911321:HouseholdDurablesEquityInvestmentsMember2025-09-300001911321First and Second Lien Debt SOFR2024-01-012024-12-310001911321ck0001911321:ItServicesMemberus-gaap:InvestmentUnaffiliatedIssuerMemberck0001911321:FirstAndSecondLienDebtMember2025-09-3000019113212025-03-312025-03-310001911321PrimeSource Brands First and Second Lien Debt Original Purchase Date 9/25/2025 S+4.50% Interest Rate 8.49% Due 3/15/20312025-09-300001911321ASI JBE Holdings LLC Delayed Draw Term Loan2025-09-300001911321Tank Holding Corp. One First and Second Lien Debt Original Purchase Date 5/11/2023 SOFR Spread 6.00% Interest Rate 10.46% Due 3/31/20282024-12-310001911321us-gaap:NondesignatedMember2024-01-012024-09-300001911321CC Interholdings LLC First and Second Lien Debt Original Purchase Date 12/19/2024 SOFR Spread 5.25 % Due 12/31/20292024-01-012024-12-310001911321Physician Partners LLC First and Second Lien Debt Original Purchase Date 4/4/2023 S+1.50%/4.00%PIK Interest Rate 9.65% Due 12/31/20292025-01-012025-09-300001911321ck0001911321:ClassISharesMember2024-02-290001911321us-gaap:SecuredDebtMember2025-07-012025-09-300001911321ck0001911321:ShareRepurchaseProgramMarchThreeTwoThousandTwentyFiveMember2025-09-300001911321us-gaap:SecuredDebtMember2025-01-012025-09-300001911321LTI Holdings, Inc. First and Second Lien Debt Original Purchase Date 8/7/2024 SOFR Spread 4.75% Interest Rate 9.11% Due 7/24/20262024-01-012024-12-310001911321ck0001911321:AdvisorMember2025-07-012025-09-3000019113212024-07-012024-09-300001911321Jump Auto Holdings LLC First and Second Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 6.75% Interest Rate 10.75% Due 9/30/20292025-09-300001911321us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MeasurementInputDiscountRateMemberck0001911321:FirstLienDebtMembersrt:MaximumMember2025-09-300001911321Oscar AcquisitionCo, LLC First and Second Lien Debt Original Purchase Date 2/1/2023 S+4.25% Interest Rate 8.25% Due 4/29/20292025-09-300001911321Array Midco, Corp. Delayed Draw Term Loan2024-12-310001911321IXS Holdings, Inc. First and Second Lien Debt Original Purchase Date 6/6/2024 SOFR Spread 4.25% Interest Rate 8.68% Maturity Date 3/5/20272024-12-310001911321us-gaap:EquitySecuritiesMember2024-12-310001911321Lackawanna Energy Center LLC First and Second Lien Debt Original Purchase Date 7/20/2023 S+3.25% Interest Rate 7.25% Due 8/5/20322025-01-012025-09-300001911321us-gaap:SecuredDebtMember2024-07-012024-09-300001911321HAH Group Holdings Company LLC First and Second Lien Debt Original Purchase Date 2/7/2023 SOFR Spread 5.00% Interest Rate 9.36% Due 9/24/20312024-01-012024-12-310001911321Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+6.50%/2% PIK Interest Rate 12.73% Due 2/12/20292025-09-3000019113212023-12-31iso4217:EURxbrli:pureiso4217:USDxbrli:sharesxbrli:sharesck0001911321:Qtrck0001911321:Segmentck0001911321:Componentiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


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

For the quarterly period ended September 30, 2025


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

Commission file number: 814-01603

Kennedy Lewis Capital Company

(Exact name of registrant as specified in its charter)

     Delaware

     88-6117755

     (State or Other Jurisdiction of
Incorporation or Organization)

     (IRS Employer
Identification No.)

     225 Liberty St. Suite 4210

     10281

     New York, New York
(Address of Principal Executive Offices)

     (Zip Code)

(212) 782-3842

(Registrant’s telephone number, including area code)

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

     Title of Each Class

     Trading
Symbol(s)

     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 past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller reporting company	☐

		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

The number of shares of the registrant’s common shares of beneficial interest, $0.01 par value per share (“Common Shares”), outstanding as of November 13, 2025 was 32,364,863, 31,395 and 0 of Class I, Class S and Class D Common Shares, respectively.

Kennedy Lewis Capital Company

Quarterly Report on Form 10-Q

TABLE OF CONTENTS


			Page
PART I—FINANCIAL INFORMATION			2
	Item 1.	Financial Statements	2
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	57
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	66
	Item 4.	Controls and Procedures	66
PART II—OTHER INFORMATION			67
	Item 1.	Legal Proceedings	67
	Item 1A.	Risk Factors	67
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	67
	Item 3.	Defaults upon Senior Securities	67
	Item 4.	Mine Safety Disclosures	67
	Item 5.	Other Information	67
	Item 6.	Exhibits	68
SIGNATURES			69

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Kennedy Lewis Capital Company

Consolidated Statements of Assets and Liabilities


	September 30, 2025 (Unaudited)		December 31, 2024
Assets
Investments at fair value
Non-controlled/non-affiliated investments (cost of $1,000,488,936 and $751,106,426 at September 30, 2025 and December 31, 2024, respectively)	$	997,355,982	$	756,523,331
Controlled/affiliated investments (cost of $26,878,496 and $0 at September 30, 2025 and December 31, 2024, respectively)		27,809,832		—
Total investments at fair value		1,025,165,814		756,523,331
Cash and cash equivalents		2,790,167		13,437,972
Restricted cash and cash equivalents		37,350,624		24,305,322
Interest and fee receivable from non-controlled/non-affiliated investments		5,282,507		5,355,626
Interest and fee receivable from controlled/affiliated investments		262,928		—
Deferred financing costs (net of $1,805,052 and $1,234,121 in accumulated amortization at September 30, 2025 and December 31, 2024, respectively)		3,720,624		4,291,555
Deferred offering costs (net of $2,839,991 and $2,270,968 in accumulated amortization at September 30, 2025 and December 31, 2024, respectively)		201,614		420,856
Receivable for investments sold		16,718,101		14,323,332
Derivative assets at fair value (Note 5)		—		319,195
Due from Advisor		—		74,454
Other assets		151,387		56,250
Total assets	$	1,091,643,766	$	819,107,893

Liabilities
Secured Credit Facility (Note 6)		444,500,000		342,685,745
Distribution Payable		—		13,468,268
Payable for investments purchased		17,239,628		5,529,326
Interest and credit facility fees payable		5,155,734		3,997,833
Income incentive fee payable		3,147,864		1,434,404
Management fees payable		1,848,395		1,317,398
Deferred financing cost payable		1,425,000		1,500,000
Accrued capital gains incentive fee		678,029		1,049,209
Derivative liabilities at fair value (Note 5)		556,101		—
Due to Advisor and affiliates		475,913		270,203
Offering costs payable		16,428		7,440
Accrued expenses and other liabilities		1,641,996		782,314
Total liabilities	$	476,685,088	$	372,042,140

Commitments and contingencies (Note 7)

Net Assets
Common shares, $0.01 par value (30,345,909 and 22,106,186 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively)		303,459		221,062
Additional paid in capital		612,204,618		443,931,292
Distributable earnings (loss)		2,450,601		2,913,399
Total net assets	$	614,958,678	$	447,065,753
Total liabilities and net assets	$	1,091,643,766	$	819,107,893

The accompanying notes are an integral part of these consolidated financial statements.


Net Asset Value Per Share	September 30, 2025(1) (Unaudited)		December 31, 2024(2)(3)
Class I Shares
Net Assets	$	614,523,384	$	447,065,753
Common Shares Outstanding		30,324,401		22,106,186
Net Asset value per share	$	20.26	$	20.22
Class S Shares
Net Assets	$	435,294	$	—
Common Shares Outstanding		21,508		—
Net Asset value per share	$	20.24	$	—
Class D Shares
Net Assets	$	—	$	—
Common Shares Outstanding				—
Net Asset value per share	$	—	$	—

(1) There were no Class D shares outstanding as of September 30, 2025

(2) There were no Class S or Class D shares outstanding as of December 31, 2024.

(3) Common Shares issued and outstanding as of June 23, 2024, were issued pursuant to the Private Offering. As part of the Public Offering effective June 24, 2024, the Common Shares issued pursuant to the Private Offering became Class I shares. Common Shares issued pursuant to the Private Offering are reclassified as Class I shares to conform with current period presentation.

The accompanying notes are an integral part of these consolidated financial statements.

Kennedy Lewis Capital Company

Consolidated Statements of Operations

(Unaudited)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Investment income:
From non-controlled/non-affiliated investments:
Interest income	$	35,881,191		$	18,493,403		$	85,666,174		$	47,011,382
Dividend income		464,628			472,604			1,378,831			1,407,538
Fee income		59,290			30,716			203,454			120,719
Total investment income from non-controlled/non-affiliated investments	$	36,405,109		$	18,996,723		$	87,248,459		$	48,539,639
From controlled/affiliated investments
Interest income		262,928			—			262,928			—
Total investment income from controlled/affiliated investments		262,928			—			262,928			—
Total investment income		36,668,037			18,996,723			87,511,387			48,539,639

Expenses:
Interest and credit facility fees		7,879,439			5,753,081			21,146,419			16,756,782
Management fees		1,848,394			1,147,137			5,043,743			2,763,043
Income incentive fee		3,147,865			1,295,382			6,920,566			3,005,154
Capital gain incentive fees		(461,675	)		(151,781	)		(371,180	)		(78,801	)
Professional fees		772,831			630,870			2,605,977			1,853,154
Amortization of continuous offering costs		96,807			403,495			569,023			1,108,429
Administrative services expense		266,043			270,203			767,167			803,951
Amortization of deferred financing costs		204,479			173,480			570,931			516,669
Reimbursable expenses to Advisor		209,870			—			209,870			—
Directors’ fees and expenses		100,000			100,000			300,000			300,000
Other expenses		317,676			155,402			704,031			402,057
Total expenses		14,381,729			9,777,269			38,466,547			27,430,438
Expenses waived by the Advisor (Note 3)		—			(203,057	)		(162,124	)		(1,090,004	)
Net expenses		14,381,729			9,574,212			38,304,423			26,340,434
Net investment income		22,286,308			9,422,511			49,206,964			22,199,205

Realized and unrealized gain (loss):
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated investments		(9,096,076	)		(1,758,878	)		(10,744,325	)		(2,671,714	)
Controlled/affiliated investments		931,336			—			931,336			—
Derivative instruments (Note 5)		177,725			(599,133	)		(875,296	)		(587,496	)
Foreign currency transactions		(63,631	)		696,538			2,194,761			686,533
Net change in unrealized appreciation (depreciation)		(8,050,646	)		(1,661,473	)		(8,493,524	)		(2,572,677	)
Realized gain (loss):
Non-controlled/non-affiliated investments		4,306,119			479,918			6,144,647			2,138,708
Derivative instruments (Note 5)		—			—			(1,083,416	)		—
Foreign currency transactions		(369	)		—			14,689			(1,621	)
Net realized gain (loss)		4,305,750			479,918			5,075,920			2,137,087
Net realized and unrealized gain (loss)		(3,744,896	)		(1,181,555	)		(3,417,604	)		(435,590	)
Net increase (decrease) in net assets resulting from operations	$	18,541,412		$	8,240,956		$	45,789,360		$	21,763,615

The accompanying notes are an integral part of these consolidated financial statements.

Kennedy Lewis Capital Company

Consolidated Statements of Changes in Net Assets

(Unaudited)


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025(1)			2024(2)(3)			2025(1)			2024(2)(3)
Operations:
Net investment income	$	22,286,308		$	9,422,511		$	49,206,964		$	22,199,205
Net realized gain (loss)		4,305,750			479,918			5,075,920			2,137,087
Net change in unrealized appreciation (depreciation)		(8,050,646	)		(1,661,473	)		(8,493,524	)		(2,572,677	)
Net increase (decrease) in net assets resulting from operations		18,541,412			8,240,956			45,789,360			21,763,615

Capital transactions:
Class I
Proceeds from issuance of common shares		34,395,000			52,869,000			126,149,996			157,391,157
Distribution of earnings		(16,020,938	)		(10,656,800	)		(44,684,156	)		(25,207,275	)
Repurchase of common shares		(530,729	)		—			(545,604	)		—
Reinvestments of distributions		11,784,619			6,762,718			40,757,802			19,888,261
Net increase (decrease) from share transactions		29,627,952			48,974,918			121,678,038			152,072,143
Class S
Proceeds from issuance of common shares		373,250			—			431,150			—
Distribution of earnings		(8,784	)		—			(10,307	)		—
Repurchase of common shares		—			—			—			—
Reinvestments of distributions		3,542			—			4,684			—
Net increase (decrease) from share transactions		368,008			—			425,527			—
Class D
Proceeds from issuance of common shares		—			—			—			—
Distribution of earnings		—			—			—			—
Repurchase of common shares		—			—			—			—
Reinvestments of distributions		—			—			—			—
Net increase (decrease) from share transactions		—			—			—			—
Total increase (decrease) in net assets		48,537,372			57,215,874			167,892,925			173,835,758
Net Assets, beginning of period		566,421,306			338,235,804			447,065,753			221,615,920
Net Assets, end of period	$	614,958,678		$	395,451,678		$	614,958,678		$	395,451,678

(1) There were no Class D shares outstanding as of September 30, 2025.

(2) There were no Class S or Class D shares outstanding as of September 30, 2024.

The accompanying notes are an integral part of these consolidated financial statements.

Kennedy Lewis Capital Company

Consolidated Statements of Cash Flows

(Unaudited)


	For the Nine Months Ended September 30,
	2025			2024
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$	45,789,360		$	21,763,615
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net change unrealized (appreciation) depreciation on investments non-controlled/non-affiliated investments		10,744,325			2,671,714
Net change unrealized (appreciation) depreciation on controlled/affiliated investments		(931,336	)		—
Net change unrealized (appreciation) depreciation on derivative instruments		875,296			587,496
Net change unrealized (appreciation) depreciation on foreign currency and other transactions		(2,194,761	)		(686,533	)
Net realized (gain) loss on investments		(6,144,647	)		(2,138,708	)
Net realized (gain) loss on derivative instruments		1,083,416			—
Net realized (gain) loss on foreign currency and other transactions		(14,689	)		1,621
Payment-in-kind interest capitalized		(4,321,405	)		(3,380,583	)
Net accretion of discount and amortization of premium		(9,411,671	)		(4,778,617	)
Amortization of deferred financing costs		570,931			516,669
Amortization of offering costs		569,023			1,108,429
Purchases of investments		(633,689,223	)		(450,677,120	)
Cash settlement of derivatives		(1,091,562	)		—
Proceeds from sale of investments and principal repayments		377,329,070			193,363,481
Changes in operating assets and liabilities:
Interest receivable		(189,809	)		(4,878,770	)
Deferred offering costs		—			(1,223,320	)
Receivable for investments sold		(2,394,769	)		(4,663,600	)
Due from Advisor		74,454			607,298
Other assets		(95,137	)		(13,347	)
Payable for investments purchased		11,710,302			23,891,032
Due to Advisor and affiliates		205,710			(35,045	)
Management fee payable		530,997			457,129
Income incentive fee payable		1,713,460			643,020
Accrued capital gains incentive fee		(371,180	)		(188,052	)
Interest and credit facility fees payable		1,157,901			757,268
Accrued expenses and other liabilities		859,682			454,439
Net cash provided by (used in) operating activities		(207,636,262	)		(225,840,484	)

Cash flows from financing activities:
Proceeds from Secured Credit Facility		230,619,000			83,016,000
Repayment of Secured Credit Facility		(128,804,745	)		—
Deferred financing cost paid		(75,000	)		—
Distributions paid in cash		(17,400,245	)		(11,358,764	)
Deferred offering costs paid		(340,793	)		—
Proceeds from issuance of common shares		126,581,146			157,391,157
Redemptions paid in cash		(545,604	)		—
Net cash provided by (used in) financing activities		210,033,759			229,048,393
Net increase (decrease) in cash, cash equivalents and restricted cash		2,397,497			3,207,909
Cash, cash equivalents and restricted cash, beginning of period		37,743,294			73,025,293
Cash, cash equivalents and restricted cash, end of period	$	40,140,791		$	76,233,202

Supplemental information and non-cash activities:
Cash paid for interest		19,988,518			15,999,514
Restructuring of portfolio investments		23,085,896			—
Reinvestment of distributions		40,762,486			19,888,261
Accrued but unpaid deferred offering cost		16,428			274,585

The accompanying notes are an integral part of these consolidated financial statements.

Kennedy Lewis Capital Company

Consolidated Schedule of Investments

September 30, 2025

(Unaudited)


Portfolio Company(1)	Original Purchase Date	Reference Rate and Spread(2)	Interest Rate(2)			Maturity Date	Par Amount/ Units		Amortized Cost(3)		Fair Value		Percentage of Net Assets
Investments—non-controlled/non-affiliated(4) Equity Investments
Commercial Services & Supplies
KKR Tinder TFC Aggregator L.P.	7/27/2023							14,792,309	$	14,792,309	$	16,760,426		2.73
Total Commercial Services & Supplies									$	14,792,309	$	16,760,426		2.73	%

Household Durables
United Homes Group, Inc. (14)	12/6/2024							217,178	$	1,085,890	$	896,945		0.15
Total Household Durables									$	1,085,890	$	896,945		0.15	%

Total Investments—non-controlled/non-affiliated(4) Equity Investments									$	15,878,199	$	17,657,371		2.88	%
Total Equity Investments									$	15,878,199	$	17,657,371		2.88	%

First and Second Lien Debt Aerospace & Defense
Cassavant Holdings, LLC (5)	1/11/2024	8.00%/7.00% PIK		15.00	%	1/11/2028		22,401,438		22,019,058		22,039,655		3.58
HDI Aerospace Intermediate Holding III Corporation (14)	3/4/2025	S+4.50%		8.83	%	2/11/2032		1,990,000		1,984,167		1,991,254		0.32
Karman Holdings LLC (5)(8)(14)	2/27/2025	S+3.50%		7.50	%	4/1/2032		2,660,000		2,647,597		2,666,650		0.43
Total Aerospace & Defense									$	26,650,822	$	26,697,559		4.33	%

Air Freight & Logistics
LaserShip, Inc. (14)	4/13/2023	S+1.50%/4.00%PIK		9.76	%	8/10/2029		424,324		398,575		303,039		0.05
LaserShip, Inc. (14)	4/13/2023	S+1.50%/4.00%PIK		9.76	%	8/10/2029		424,324		398,575		111,737		0.02
Total Air Freight & Logistics									$	797,150	$	414,776		0.07	%

Automobile Components
First Brands Group, LLC (14)	2/3/2023	S+5.00%		9.57	%	3/30/2027		1,484,496		1,466,610		522,231		0.08
Form Technologies LLC (14)	3/11/2025	S+5.75%		10.08	%	7/19/2030		1,496,250		1,490,187		1,310,461		0.21
Jump Auto Holdings LLC (5)(14)	9/27/2024	S+6.75%		10.75	%	9/30/2029		35,228,565		34,617,376		33,313,893		5.42
Power Stop, LLC (14)	6/7/2024	S+4.75%		9.16	%	1/26/2029		3,948,218		3,839,002		3,188,186		0.52
Total Automobile Components									$	41,413,175	$	38,334,771		6.23	%

The accompanying notes are an integral part of these consolidated financial statements.

Kennedy Lewis Capital Company

Consolidated Schedule of Investments (continued)

September 30, 2025

(Unaudited)


Portfolio Company(1)	Original Purchase Date	Reference Rate and Spread(2)	Interest Rate(2)			Maturity Date	Par Amount/ Units		Amortized Cost(3)			Fair Value			Percentage of Net Assets
Automobiles
Square German BidCo GmbH (5)(8)(10)(14)	6/25/2024	E+7.25%		9.25	%	6/27/2029		19,371,836		17,436,539			19,032,829			3.09
Total Automobiles									$	17,436,539		$	19,032,829			3.09	%

Biotechnology
Future Pak, LLC (5)(14)	9/23/2025	S+6.50%		10.75	%	3/21/2030		48,304,275		47,823,549			47,823,549			7.78
Total Biotechnology									$	47,823,549		$	47,823,549			7.78	%

Building Materials
ASI JBE Holdings LLC (5)(14)	7/28/2025	S+6.00%		10.16	%	7/28/2031		33,517,376		32,861,798			32,847,028			5.34
ASI JBE Holdings LLC (5)(6)	7/28/2025	S+6.00%		10.16	%	7/28/2031		6,703,475		4,562,346			4,558,363			0.74
ASI JBE Holdings LLC (5)(6)	7/28/2025	S+6.00%		—		7/28/2031		10,055,213		(97,565	)		(201,104	)		(0.03	)
Total Building Materials									$	37,326,579		$	37,204,287			6.05	%

Building Products
Globe Electric Company Inc (5)(8)(9)(14)(15)	7/25/2024	S+6.00%		10.20	%	7/25/2029		43,005,344		42,657,300			42,992,442			6.99
Oscar AcquisitionCo, LLC (14)	2/1/2023	S+4.25%		8.25	%	4/29/2029		987,277		982,315			920,192			0.15
PHRG Intermediate LLC (7)(14)	2/14/2025	S+4.00%		8.00	%	2/20/2032		2,992,500		2,977,538			2,981,278			0.48
PrimeSource Brands (7)(14)	9/25/2025	S+4.50%		8.49	%	3/15/2031		1,333,333		1,313,333			1,333,000			0.22
Trulite Holding Corp (5)(14)	2/22/2024	S+6.00%		10.29	%	3/1/2030		1,925,000		1,894,308			1,915,375			0.31
Wyndham Home Products LLC (5)(14)	10/11/2024	S+6.25%		10.41	%	10/11/2029		34,321,433		33,740,845			32,919,402			5.35
Total Building Products									$	83,565,639		$	83,061,689			13.50	%

The accompanying notes are an integral part of these consolidated financial statements.

Kennedy Lewis Capital Company

Consolidated Schedule of Investments (continued)

September 30, 2025

(Unaudited)


Portfolio Company(1)	Original Purchase Date	Reference Rate and Spread(2)	Interest Rate(2)			Maturity Date	Par Amount/ Units		Amortized Cost(3)		Fair Value		Percentage of Net Assets
Chemicals
Ineos US Finance LLC (8)(11)(14)	3/12/2025	S+3.00%		7.16	%	2/7/2031		1,488,722		1,437,704		1,332,406		0.22
Rohm Holding GmbH (14)	8/13/2024	S+5.50%/.25% PIK		9.70	%	1/31/2029		2,977,419		2,891,124		2,636,505		0.43
Total Chemicals									$	4,328,828	$	3,968,911		0.65	%

Commercial Services & Supplies
Gategroup Finance International S.à r.l (5)(8)(12)(14)	5/28/2025	S+4.25%		8.56	%	5/28/2032		1,995,000

Kennedy Lewis Capital Co 10-Q