| | |
Per Note
|
| |
Total
|
| ||||||
Public offering price(1)
|
| | | | 104.745% | | | | | $ | 523,725,000 | | |
Underwriting discount (sales load)
|
| | | | 0.500% | | | | | $ | 2,500,000 | | |
Proceeds, before expenses, to Ares Capital Corporation(2)
|
| | | | 104.245% | | | | | $ | 521,225,000 | | |
| | |
Page
|
| |||
| | | | S-1 | | | |
| | | | S-3 | | | |
| | | | S-7 | | | |
| | | | S-11 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-17 | | | |
| | | | S-22 | | | |
| | | | S-34 | | | |
| | | | S-38 | | | |
| | | | S-43 | | | |
| | | | S-44 | | |
| | |
Page
|
| |||
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 6 | | | |
| | | | 9 | | | |
| | | | 13 | | | |
| | | | 18 | | | |
| | | | 23 | | | |
| | | | 25 | | | |
| | | | 27 | | | |
| | | | 29 | | | |
| | | | 31 | | | |
| | | | 32 | | | |
| | | | 33 | | | |
| | | | 34 | | |
| | |
Page
|
| |||
| | | | 80 | | | |
| | | | 84 | | | |
| | | | 85 | | | |
| | | | 87 | | | |
| | | | 88 | | | |
| | | | 90 | | | |
| | | | 99 | | | |
| | | | 100 | | | |
| | | | 107 | | | |
| | | | 108 | | | |
| | | | 110 | | | |
| | | | 112 | | | |
| | | | 123 | | | |
| | | | 124 | | | |
| | | | 129 | | | |
| | | | 130 | | | |
| | | | 136 | | | |
| | | | 137 | | | |
| | | | 138 | | | |
| | | | 140 | | | |
| | | | 141 | | | |
| | | | 142 | | | |
| | | | 143 | | |
| | |
As of March 31, 2021
(dollar amounts in millions except per share amounts) |
| |||
Cash and cash equivalents
|
| | | $ | 356 | | |
Debt(1) | | | | | | | |
Revolving Credit Facility
|
| | | $ | 817 | | |
Revolving Funding Facility
|
| | | | 703 | | |
SMBC Funding Facility
|
| | | | — | | |
BNP Funding Facility
|
| | | | — | | |
2022 Convertible Notes
|
| | | | 388 | | |
2024 Convertible Notes
|
| | | | 403 | | |
2022 Notes
|
| | | | 600 | | |
2023 Notes
|
| | | | 750 | | |
2024 Notes
|
| | | | 900 | | |
March 2025 Notes
|
| | | | 600 | | |
July 2025 Notes
|
| | | | 750 | | |
January 2026 Notes
|
| | | | 1,150 | | |
July 2026 Notes
|
| | | | 1,000 | | |
Total Debt
|
| | | | 8,061 | | |
Stockholders’ Equity | | | | | | | |
Common stock, par value $0.001 per share, 600,000,000 common shares authorized, and 437,358,519 common shares issued and outstanding(2)
|
| | | | — | | |
Capital in excess of par value
|
| | | | 7,914 | | |
Accumulated overdistributed earnings
|
| | | | (282) | | |
Total stockholders’ equity
|
| | | | 7,632 | | |
Total capitalization
|
| | | $ | 15,693 | | |
Class and Year
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) (in millions) |
| |
Asset
Coverage Per Unit(2) |
| |
Involuntary
Liquidating Preference Per Unit(3) |
| |
Average
Market Value Per Unit(4) |
| ||||||||||||
Revolving Credit Facility | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 817 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 1,180 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 2,250 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 1,064 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 395 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 571 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 515 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 170 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2011
|
| | | $ | 395 | | | | | $ | 2,393 | | | | | $ | — | | | | | | N/A | | |
Revolving Funding Facility | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 703 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 1,027 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 638 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 520 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 600 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 155 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 250 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 324 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | 185 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | 300 | | | | | $ | 2,721 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2011
|
| | | $ | 463 | | | | | $ | 2,393 | | | | | $ | — | | | | | | N/A | | |
SMBC Revolving Funding Facility | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 453 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 301 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 245 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 60 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 105 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 110 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 62 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Class and Year
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) (in millions) |
| |
Asset
Coverage Per Unit(2) |
| |
Involuntary
Liquidating Preference Per Unit(3) |
| |
Average
Market Value Per Unit(4) |
| ||||||||||||
BNP Funding Facility | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 150 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
SBA Debentures | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2017
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 25 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 22 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Debt Securitization | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2011
|
| | | $ | 78 | | | | | $ | 2,393 | | | | | $ | — | | | | | | N/A | | |
February 2016 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2015
|
| | | $ | 575 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 575 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | 575 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | 575 | | | | | $ | 2,721 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2011
|
| | | $ | 575 | | | | | $ | 2,393 | | | | | $ | — | | | | | | N/A | | |
June 2016 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2015
|
| | | $ | 230 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 230 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | 230 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | 230 | | | | | $ | 2,721 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2011
|
| | | $ | 230 | | | | | $ | 2,393 | | | | | $ | — | | | | | | N/A | | |
2017 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2016
|
| | | $ | 163 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 163 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 1623 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | 163 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | 163 | | | | | $ | 2,721 | | | | | $ | — | | | | | | N/A | | |
2018 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2017
|
| | | $ | 270 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 270 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 270 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 270 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | 270 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2012
|
| | | $ | 270 | | | | | $ | 2,721 | | | | | $ | — | | | | | | N/A | | |
2019 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2018
|
| | | $ | 300 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 300 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 300 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 300 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 300 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Class and Year
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) (in millions) |
| |
Asset
Coverage Per Unit(2) |
| |
Involuntary
Liquidating Preference Per Unit(3) |
| |
Average
Market Value Per Unit(4) |
| ||||||||||||
Fiscal 2013
|
| | | $ | 300 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
2022 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 388 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 388 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 388 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 388 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 388 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
2024 Convertible Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 403 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 403 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 403 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
2018 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2017
|
| | | $ | 750 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 750 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 750 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 750 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2013
|
| | | $ | 600 | | | | | $ | 2,547 | | | | | $ | — | | | | | | N/A | | |
2020 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2019
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 600 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 600 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 600 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2015
|
| | | $ | 600 | | | | | $ | 2,213 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2014
|
| | | $ | 400 | | | | | $ | 2,292 | | | | | $ | — | | | | | | N/A | | |
2022 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 600 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 600 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 600 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 600 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 600 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2016
|
| | | $ | 600 | | | | | $ | 2,296 | | | | | $ | — | | | | | | N/A | | |
February 2022 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2014
|
| | | $ | 144 | | | | | $ | 2,292 | | | | | $ | — | | | | | $ | 1,024 | | |
Fiscal 2013
|
| | | $ | 144 | | | | | $ | 2,547 | | | | | $ | — | | | | | $ | 1,043 | | |
Fiscal 2012
|
| | | $ | 144 | | | | | $ | 2,721 | | | | | $ | — | | | | | $ | 1,035 | | |
October 2022 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2016
|
| | | $ | 183 | | | | | $ | 2,296 | | | | | $ | — | | | | | $ | 1,017 | | |
Fiscal 2015
|
| | | $ | 183 | | | | | $ | 2,213 | | | | | $ | — | | | | | $ | 1,011 | | |
Fiscal 2014
|
| | | $ | 183 | | | | | $ | 2,292 | | | | | $ | — | | | | | $ | 1,013 | | |
Fiscal 2013
|
| | | $ | 183 | | | | | $ | 2,547 | | | | | $ | — | | | | | $ | 993 | | |
Class and Year
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) (in millions) |
| |
Asset
Coverage Per Unit(2) |
| |
Involuntary
Liquidating Preference Per Unit(3) |
| |
Average
Market Value Per Unit(4) |
| ||||||||||||
Fiscal 2012
|
| | | $ | 183 | | | | | $ | 2,721 | | | | | $ | — | | | | | $ | 986 | | |
2040 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2014
|
| | | $ | 200 | | | | | $ | 2,292 | | | | | $ | — | | | | | $ | 1,040 | | |
Fiscal 2013
|
| | | $ | 200 | | | | | $ | 2,547 | | | | | $ | — | | | | | $ | 1,038 | | |
Fiscal 2012
|
| | | $ | 200 | | | | | $ | 2,721 | | | | | $ | — | | | | | $ | 1,041 | | |
Fiscal 2011
|
| | | $ | 200 | | | | | $ | 2,393 | | | | | $ | — | | | | | $ | 984 | | |
2023 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 750 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 750 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 750 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 750 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2017
|
| | | $ | 750 | | | | | $ | 2,415 | | | | | $ | — | | | | | | N/A | | |
2024 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 900 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 900 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 900 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
March 2025 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 600 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 600 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2019
|
| | | $ | 600 | | | | | $ | 2,042 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2018
|
| | | $ | 600 | | | | | $ | 2,362 | | | | | $ | — | | | | | | N/A | | |
July 2025 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 750 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 750 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
January 2026 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 1,150 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
Fiscal 2020
|
| | | $ | 1,150 | | | | | $ | 1,824 | | | | | $ | — | | | | | | N/A | | |
July 2026 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2021 (as of March 31, 2021, unaudited)
|
| | | $ | 1,000 | | | | | $ | 1,937 | | | | | $ | — | | | | | | N/A | | |
2047 Notes | | | | | | | | | | | | | | | | | | | | | | | | | |
Fiscal 2020
|
| | | $ | 230 | | | | | $ | 1,824 | | | | | $ | — | | | | | $ | 1,013 | | |
Fiscal 2019
|
| | | $ | 230 | | | | | $ | 2,042 | | | | | $ | — | | | | | $ | 1,033 | | |
Fiscal 2018
|
| | | $ | 230 | | | | | $ | 2,362 | | | | | $ | — | | | | | $ | 1,013 | | |
Fiscal 2017
|
| | | $ | 230 | | | | | $ | 2,415 | | | | | $ | — | | | | | $ | 1,021 | | |
Fiscal 2016
|
| | | $ | 230 | | | | | $ | 2,296 | | | | | $ | — | | | | | $ | 1,015 | | |
Fiscal 2015
|
| | | $ | 230 | | | | | $ | 2,213 | | | | | $ | — | | | | | $ | 1,011 | | |
Fiscal 2014
|
| | | $ | 230 | | | | | $ | 2,292 | | | | | $ | — | | | | | $ | 985 | | |
Fiscal 2013
|
| | | $ | 230 | | | | | $ | 2,547 | | | | | $ | — | | | | | $ | 972 | | |
Fiscal 2012
|
| | | $ | 230 | | | | | $ | 2,721 | | | | | $ | — | | | | | $ | 978 | | |
Fiscal 2011
|
| | | $ | 230 | | | | | $ | 2,393 | | | | | $ | — | | | | | $ | 917 | | |
| | |
Per Note
|
| |
Total
|
| ||||||
Public offering price
|
| | | | 104.745% | | | | | $ | 523,725,000 | | |
Underwriting discount (sales load)
|
| | | | 0.500% | | | | | $ | 2,500,000 | | |
Proceeds, before expenses, to us
|
| | | | 104.245% | | | | | $ | 521,225,000 | | |
| | |
Page
|
| |||
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 6 | | | |
| | | | 9 | | | |
| | | | 13 | | | |
| | | | 18 | | | |
| | | | 23 | | | |
| | | | 25 | | | |
| | | | 27 | | | |
| | | | 29 | | | |
| | | | 31 | | | |
| | | | 32 | | | |
| | | | 33 | | | |
| | | | 34 | | | |
| | | | 80 | | | |
| | | | 84 | | | |
| | | | 85 | | | |
| | | | 87 | | | |
| | | | 88 | | | |
| | | | 90 | | | |
| | | | 99 | | | |
| | | | 100 | | | |
| | | | 107 | | | |
| | | | 108 | | | |
| | | | 110 | | | |
| | | | 112 | | | |
| | | | 123 | | | |
| | | | 124 | | | |
| | | | 129 | | | |
| | | | 130 | | | |
| | | | 136 | | | |
| | | | 137 | | | |
| | | | 138 | | | |
| | | | 140 | | | |
| | | | 141 | | | |
| | | | 142 | | | |
| | | | 143 | | |
| Stockholder transaction expenses (as a percentage of offering price): | | | | |
|
Sales load
|
| |
— (1)
|
|
|
Offering expenses
|
| |
— (2)
|
|
|
Dividend reinvestment plan expenses
|
| |
Up to $15
Transaction Fee(3) |
|
|
Total stockholder transaction expenses paid
|
| |
— (4)
|
|
|
Annual expenses (as a percentage of consolidated net assets attributable to common stock)(5):
|
| | | |
|
Base management fees
|
| |
3.27%(6)
|
|
|
Income based fees and capital gains incentive fees
|
| |
1.63%(7)
|
|
|
Interest payments on borrowed funds
|
| |
4.58%(8)
|
|
|
Other expenses
|
| |
0.79%(9)
|
|
|
Acquired fund fees and expenses
|
| |
2.25%(10)
|
|
|
Total annual expenses
|
| |
12.52%(11)
|
|
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
You would pay the following expenses on a $1,000 common stock investment, assuming a 5% annual return (none of which is subject to the capital gains incentive fee)(1)
|
| | | $ | 112 | | | | | $ | 315 | | | | | $ | 493 | | | | | $ | 852 | | |
You would pay the following expenses on a $1,000 common stock investment, assuming a 5% annual return resulting entirely from net realized capital gains (all of which is subject to the capital gains incentive fee)(2)
|
| | | $ | 122 | | | | | $ | 341 | | | | | $ | 533 | | | | | $ | 912 | | |
Per Share Data:
|
| |
As of and
for the six months ended June 30, 2020 |
| |
As of and for the year ended
|
| ||||||||||||||||||||||||
|
December 31,
2019 |
| |
December 31,
2018 |
| |
December 31,
2017 |
| |
December 31,
2016 |
| ||||||||||||||||||||
Net asset value, beginning of period(1)
|
| | | $ | 17.32 | | | | | $ | 17.12 | | | | | $ | 16.65 | | | | | $ | 16.45 | | | | | $ | 16.46 | | |
Issuances of common stock
|
| | | | — | | | | | | 0.02 | | | | | | — | | | | | | (0.01) | | | | | | — | | |
Issuances of convertible notes
|
| | | | — | | | | | | — | | | | | | — | | | | | | 0.04 | | | | | | — | | |
Repurchases of common stock
|
| | | | 0.09 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net investment income for period(2)
|
| | | | 0.94 | | | | | | 1.90 | | | | | | 1.63 | | | | | | 1.20 | | | | | | 1.57 | | |
Gain on the Allied Acquisition(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Deemed contribution from Ares Capital Management(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 0.13 | | | | | | — | | |
Net realized and unrealized gains (losses) for period(2)
|
| | | | (1.72) | | | | | | (0.04) | | | | | | 0.38 | | | | | | 0.36 | | | | | | (0.06) | | |
Net increase (decrease) in stockholders’ equity
|
| | | | (0.69) | | | | | | 1.88 | | | | | | 2.01 | | | | | | 1.72 | | | | | | 1.51 | | |
Distributions from net investment income
|
| | | | (0.80) | | | | | | (1.68) | | | | | | (1.54) | | | | | | (1.45) | | | | | | (1.26) | | |
Distributions from net realized gains
|
| | | | — | | | | | | — | | | | | | — | | | | | | (0.07) | | | | | | (0.26) | | |
Total distributions to stockholders(5)
|
| | | | (0.80) | | | | | | (1.68) | | | | | | (1.54) | | | | | | (1.52) | | | | | | (1.52) | | |
Net asset value at end of period(1)
|
| | | $ | 15.83 | | | | | $ | 17.32 | | | | | $ | 17.12 | | | | | $ | 16.65 | | | | | $ | 16.45 | | |
Per share market value at end of period
|
| | | $ | 14.45 | | | | | $ | 18.65 | | | | | $ | 15.58 | | | | | $ | 15.72 | | | | | $ | 16.49 | | |
Total return based on market value(6)
|
| | | | (18.23)% | | | | | | 30.49% | | | | | | 8.91% | | | | | | 4.55% | | | | | | 26.39% | | |
Total return based on net asset value(7)
|
| | | | (5.82)% | | | | | | 12.14% | | | | | | 12.10% | | | | | | 10.53% | | | | | | 9.15% | | |
Shares outstanding at end of period
(millions) |
| | | | 423 | | | | | | 431 | | | | | | 426 | | | | | | 426 | | | | | | 314 | | |
Ratio/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets at end of period (millions)
|
| | | $ | 6,691 | | | | | $ | 7,467 | | | | | $ | 7,300 | | | | | $ | 7,098 | | | | | $ | 5,165 | | |
Ratio of operating expenses to average net assets(8)(9)
|
| | | | 14.47% | | | | | | 9.92% | | | | | | 8.63% | | | | | | 9.45% | | | | | | 9.59% | | |
Ratio of net investment income to average net
assets(8)(10) |
| | | | 18.50% | | | | | | 11.01% | | | | | | 9.60% | | | | | | 7.65% | | | | | | 9.58% | | |
Portfolio turnover rate(8)
|
| | | | 38% | | | | | | 38% | | | | | | 54% | | | | | | 51% | | | | | | 39% | | |
Per Share Data:
|
| |
As of and for the year ended
|
| |||||||||||||||||||||||||||||||||
|
December 31,
2015 |
| |
December 31,
2014 |
| |
December 31,
2013 |
| |
December 31,
2012 |
| |
December 31,
2011 |
| |
December 31,
2010 |
| ||||||||||||||||||||
Net asset value, beginning of period(1)
|
| | | $ | 16.82 | | | | | $ | 16.46 | | | | | $ | 16.04 | | | | | $ | 15.34 | | | | | $ | 14.92 | | | | | $ | 11.44 | | |
Issuances of common stock
|
| | | | 0.01 | | | | | | — | | | | | | 0.16 | | | | | | 0.05 | | | | | | — | | | | | | 0.95 | | |
Issuances of convertible notes
|
| | | | — | | | | | | — | | | | | | — | | | | | | 0.04 | | | | | | 0.27 | | | | | | — | | |
Repurchases of common
stock |
| | | | (0.01) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net investment income for period(2)
|
| | | | 1.62 | | | | | | 1.43 | | | | | | 1.61 | | | | | | 1.52 | | | | | | 1.38 | | | | | | 1.23 | | |
Gain on the Allied
Acquisition(3) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1.11 | | |
Deemed contribution from Ares
Capital Management(4) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net realized and unrealized gains
(losses) for period(2) |
| | | | (0.41) | | | | | | 0.50 | | | | | | 0.22 | | | | | | 0.69 | | | | | | 0.18 | | | | | | 1.59 | | |
Net increase in stockholders’ equity
|
| | | | 1.21 | | | | | | 1.93 | | | | | | 1.99 | | | | | | 2.30 | | | | | | 1.83 | | | | | | 4.88 | | |
Distributions from net investment income
|
| | | | (1.56) | | | | | | (1.57) | | | | | | (1.57) | | | | | | (1.56) | | | | | | (1.16) | | | | | | (1.40) | | |
Distributions from net realized gains
|
| | | | (0.01) | | | | | | — | | | | | | — | | | | | | (0.04) | | | | | | (0.25) | | | | | | — | | |
Total distributions to stockholders(5)
|
| | | | (1.57) | | | | | | (1.57) | | | | | | (1.57) | | | | | | (1.60) | | | | | | (1.41) | | | | | | (1.40) | | |
Net asset value at end of period(1)
|
| | | $ | 16.46 | | | | | $ | 16.82 | | | | | $ | 16.46 | | | | | $ | 16.04 | | | | | $ | 15.34 | | | | | $ | 14.92 | | |
Per share market value at end of
period |
| | | $ | 14.25 | | | | | $ | 15.61 | | | | | $ | 17.77 | | | | | $ | 17.50 | | | | | $ | 15.45 | | | | | $ | 16.48 | | |
Total return based on market value(6)
|
| | | | 1.35% | | | | | | (3.32)% | | | | | | 10.51% | | | | | | 23.62% | | | | | | 2.31% | | | | | | 43.61% | | |
Total return based on net asset value(7)
|
| | | | 7.16% | | | | | | 11.79% | | | | | | 11.41% | | | | | | 14.34% | | | | | | 10.45% | | | | | | 31.61% | | |
Shares outstanding at end of period (millions)
|
| | | | 314 | | | | | | 314 | | | | | | 298 | | | | | | 249 | | | | | | 205 | | | | | | 204 | | |
Ratio/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets at end of period (millions)
|
| | | $ | 5,173 | | | | | $ | 5,284 | | | | | $ | 4,904 | | | | | $ | 3,988 | | | | | $ | 3,147 | | | | | $ | 3,051 | | |
Ratio of operating expenses to average net assets(8)(9)
|
| | | | 9.51% | | | | | | 10.46% | | | | | | 10.03% | | | | | | 10.70% | | | | | | 10.94% | | | | | | 11.02% | | |
Ratio of net investment income to average net assets(8)(10)
|
| | | | 9.75% | | | | | | 8.71% | | | | | | 9.86% | | | | | | 9.62% | | | | | | 8.97% | | | | | | 9.07% | | |
Portfolio turnover rate(8)
|
| | | | 42% | | | | | | 39% | | | | | | 27% | | | | | | 45% | | | | | | 53% | | | | | | 45% | | |
| | |
As of and For the
Six Months Ended June 30, |
| |
As of and For the Years
Ended December 31, |
| ||||||||||||||||||||||||||||||||||||
|
2020
|
| |
2019
|
| |
2019
|
| |
2018
|
| |
2017
|
| |
2016
|
| |
2015
|
| |||||||||||||||||||||||
|
(unaudited)
|
| |
(unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
Total Investment Income
|
| | | $ | 719 | | | | | $ | 755 | | | | | $ | 1,528 | | | | | $ | 1,337 | | | | | $ | 1,160 | | | | | $ | 1,012 | | | | | $ | 1,025 | | |
Total Expenses, Net of Waiver of Income Based Fees
|
| | | | 312 | | | | | | 338 | | | | | | 701 | | | | | | 624 | | | | | | 630 | | | | | | 497 | | | | | | 499 | | |
Net Investment Income Before Income Taxes
|
| | | | 407 | | | | | | 417 | | | | | | 827 | | | | | | 713 | | | | | | 530 | | | | | | 515 | | | | | | 526 | | |
Income Tax Expense, Including Excise Tax
|
| | | | 8 | | | | | | 8 | | | | | | 16 | | | | | | 19 | | | | | | 19 | | | | | | 21 | | | | | | 18 | | |
Net Investment Income
|
| | | | 399 | | | | | | 409 | | | | | | 811 | | | | | | 694 | | | | | | 511 | | | | | | 494 | | | | | | 508 | | |
Net Realized and Unrealized Gains (Losses) on Investments, Foreign Currencies and Other Transactions and Extinguishment of Debt
|
| | | | (734) | | | | | | 5 | | | | | | (18) | | | | | | 164 | | | | | | 156 | | | | | | (20) | | | | | | (129) | | |
Net Increase (Decrease) in Stockholders’ Equity Resulting from Operations
|
| | | $ | (335) | | | | | $ | 414 | | | | | $ | 793 | | | | | $ | 858 | | | | | $ | 667 | | | | | $ | 474 | | | | | $ | 379 | | |
Per Share Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net Increase (Decrease) in Stockholders’ Equity Resulting from Operations:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.79) | | | | | $ | 0.97 | | | | | $ | 1.86 | | | | | $ | 2.01 | | | | | $ | 1.57 | | | | | $ | 1.51 | | | | | $ | 1.20 | | |
Diluted
|
| | | $ | (0.79) | | | | | $ | 0.97 | | | | | $ | 1.86 | | | | | $ | 2.01 | | | | | $ | 1.57 | | | | | $ | 1.51 | | | | | $ | 1.20 | | |
Cash Dividends Declared and Payable(1)
|
| | | $ | 0.80 | | | | | $ | 0.84 | | | | | $ | 1.68 | | | | | $ | 1.54 | | | | | $ | 1.52 | | | | | $ | 1.52 | | | | | $ | 1.57 | | |
Net Asset Value
|
| | | $ | 15.83 | | | | | $ | 17.27 | | | | | $ | 17.32 | | | | | $ | 17.12 | | | | | $ | 16.65 | | | | | $ | 16.45 | | | | | $ | 16.46 | | |
Total Assets(2)
|
| | | $ | 14,517 | | | | | $ | 13,846 | | | | | $ | 14,905 | | | | | $ | 12,895 | | | | | $ | 12,347 | | | | | $ | 9,245 | | | | | $ | 9,507 | | |
Total Debt (Carrying Value)(2)
|
| | | $ | 7,398 | | | | | $ | 6,024 | | | | | $ | 6,971 | | | | | $ | 5,214 | | | | | $ | 4,854 | | | | | $ | 3,874 | | | | | $ | 4,114 | | |
Total Debt (Principal Amount)
|
| | | $ | 7,488 | | | | | $ | 6,124 | | | | | $ | 7,060 | | | | | $ | 5,297 | | | | | $ | 4,943 | | | | | $ | 3,951 | | | | | $ | 4,197 | | |
Total Stockholders’ Equity
|
| | | $ | 6,691 | | | | | $ | 7,368 | | | | | $ | 7,467 | | | | | $ | 7,300 | | | | | $ | 7,098 | | | | | $ | 5,165 | | | | | $ | 5,173 | | |
Other Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Number of Portfolio Companies at Period End(3)
|
| | | | 352 | | | | | | 345 | | | | | | 354 | | | | | | 344 | | | | | | 314 | | | | | | 218 | | | | | | 218 | | |
Principal Amount of Investments Purchased(4)
|
| | | $ | 2,713 | | | | | $ | 3,190 | | | | | $ | 6,829 | | | | | $ | 7,176 | | | | | $ | 7,263 | | | | | $ | 3,490 | | | | | $ | 3,905 | | |
Principal Amount of Investments Acquired as part of the American Capital Acquisition on January 3, 2017
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 2,543 | | | | | $ | — | | | | | $ | — | | |
Principal Amount of Investments Sold and Repayments
|
| | | $ | 2,663 | | | | | $ | 2,628 | | | | | $ | 5,098 | | | | | $ | 6,440 | | | | | $ | 7,107 | | | | | $ | 3,655 | | | | | $ | 3,651 | | |
Total Return Based on Market Value(5)
|
| | | | (18.2)% | | | | | | 20.5% | | | | | | 30.5% | | | | | | 8.9% | | | | | | 4.5% | | | | | | 26.4% | | | | | | 1.3% | | |
Total Return Based on Net Asset Value(6)
|
| | | | (5.8)% | | | | | | 5.8% | | | | | | 12.1% | | | | | | 12.1% | | | | | | 10.5% | | | | | | 9.2% | | | | | | 7.2% | | |
Weighted Average Yield of Debt and Other Income Producing Securities at Fair Value(7)
|
| | | | 9.3% | | | | | | 10.5% | | | | | | 9.7% | | | | | | 10.3% | | | | | | 9.8% | | | | | | 9.4% | | | | | | 10.3% | | |
Weighted Average Yield of Debt and Other Income Producing Securities at Amortized Cost(7)
|
| | | | 8.9% | | | | | | 10.4% | | | | | | 9.6% | | | | | | 10.2% | | | | | | 9.7% | | | | | | 9.3% | | | | | | 10.1% | | |
Weighted Average Yield of Total Investments at Fair Value(8)
|
| | | | 8.3% | | | | | | 9.5% | | | | | | 8.7% | | | | | | 9.3% | | | | | | 8.7% | | | | | | 8.5% | | | | | | 9.2% | | |
Weighted Average Yield of Total Investments at Amortized
Cost(8) |
| | | | 7.7% | | | | | | 9.2% | | | | | | 8.6% | | | | | | 9.0% | | | | | | 8.7% | | | | | | 8.3% | | | | | | 9.1% | | |
| | |
2020
|
| |||||||||
|
Q2
|
| |
Q1
|
| ||||||||
Total investment income
|
| | | $ | 350 | | | | | $ | 369 | | |
Net investment income before net realized and unrealized gains and income based fees and capital gains incentive fees, net of waiver of income based fees
|
| | | $ | 206 | | | | | $ | 220 | | |
Income based fees and capital gains incentive fees, net of waiver of income based fees
|
| | | $ | 41 | | | | | $ | (14) | | |
Net investment income before net realized and unrealized gains (losses)
|
| | | $ | 165 | | | | | $ | 234 | | |
Net realized and unrealized gains (losses)
|
| | | $ | 112 | | | | | $ | (846) | | |
Net increase (decrease) in stockholders’ equity resulting from operations
|
| | | $ | 277 | | | | | $ | (612) | | |
Basic and diluted earnings per common share
|
| | | $ | 0.65 | | | | | $ | (1.42) | | |
Net asset value per share as of the end of the quarter
|
| | | $ | 15.83 | | | | | $ | 15.58 | | |
| | |
2019
|
| |||||||||||||||||||||
|
Q4
|
| |
Q3
|
| |
Q2
|
| |
Q1
|
| ||||||||||||||
Total investment income
|
| | | $ | 386 | | | | | $ | 387 | | | | | $ | 382 | | | | | $ | 373 | | |
Net investment income before net realized and unrealized gains and income based fees and capital gains incentive fees, net of waiver of income based fees
|
| | | $ | 241 | | | | | $ | 243 | | | | | $ | 246 | | | | | $ | 241 | | |
Income based fees and capital gains incentive fees, net of waiver of income based fees
|
| | | $ | 51 | | | | | $ | 31 | | | | | $ | 38 | | | | | $ | 40 | | |
Net investment income before net realized and unrealized gains (losses)
|
| | | $ | 190 | | | | | $ | 212 | | | | | $ | 208 | | | | | $ | 201 | | |
Net realized and unrealized gains (losses)
|
| | | $ | 14 | | | | | $ | (37) | | | | | $ | (8) | | | | | $ | 13 | | |
Net increase in stockholders’ equity resulting from operations
|
| | | $ | 204 | | | | | $ | 175 | | | | | $ | 200 | | | | | $ | 214 | | |
Basic and diluted earnings per common share
|
| | | $ | 0.48 | | | | | $ | 0.41 | | | | | $ | 0.47 | | | | | $ | 0.50 | | |
Net asset value per share as of the end of the quarter
|
| | | $ | 17.32 | | | | | $ | 17.26 | | | | | $ | 17.27 | | | | | $ | 17.21 | | |
| | |
2018
|
| |||||||||||||||||||||
|
Q4
|
| |
Q3
|
| |
Q2
|
| |
Q1
|
| ||||||||||||||
Total investment income
|
| | | $ | 345 | | | | | $ | 342 | | | | | $ | 333 | | | | | $ | 317 | | |
Net investment income before net realized and unrealized gains and income based fees and capital gains incentive fees, net of waiver of income based fees
|
| | | $ | 229 | | | | | $ | 225 | | | | | $ | 210 | | | | | $ | 192 | | |
Income based fees and capital gains incentive fees, net of waiver of income based fees
|
| | | $ | 26 | | | | | $ | 40 | | | | | $ | 48 | | | | | $ | 48 | | |
Net investment income before net realized and unrealized gains (losses)
|
| | | $ | 203 | | | | | $ | 185 | | | | | $ | 162 | | | | | $ | 144 | | |
Net realized and unrealized gains (losses)
|
| | | $ | (50) | | | | | $ | 24 | | | | | $ | 92 | | | | | $ | 98 | | |
Net increase in stockholders’ equity resulting from operations
|
| | | $ | 153 | | | | | $ | 209 | | | | | $ | 254 | | | | | $ | 242 | | |
Basic and diluted earnings per common share
|
| | | $ | 0.36 | | | | | $ | 0.49 | | | | | $ | 0.60 | | | | | $ | 0.57 | | |
Net asset value per share as of the end of the quarter
|
| | | $ | 17.12 | | | | | $ | 17.16 | | | | | $ | 17.05 | | | | | $ | 16.84 | | |
| | |
Net
Asset Value(1) |
| |
Price Range
|
| |
High
Sales Price Premium (Discount) to Net Asset Value(2) |
| |
Low
Sales Price Premium (Discount) to Net Asset Value(2) |
| |
Cash
Dividend Per Share(3) |
| |||||||||||||||||||||
|
High
|
| |
Low
|
| ||||||||||||||||||||||||||||||||
Year ended December 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
First Quarter
|
| | | $ | 16.84 | | | | | $ | 16.28 | | | | | $ | 15.25 | | | | | | (3.33)% | | | | | | (9.44)% | | | | | $ | 0.38 | | |
Second Quarter
|
| | | $ | 17.05 | | | | | $ | 17.09 | | | | | $ | 15.90 | | | | | | 0.23% | | | | | | (6.75)% | | | | | $ | 0.38 | | |
Third Quarter
|
| | | $ | 17.16 | | | | | $ | 17.51 | | | | | $ | 16.45 | | | | | | 2.04% | | | | | | (4.14)% | | | | | $ | 0.39 | | |
Fourth Quarter
|
| | | $ | 17.12 | | | | | $ | 17.58 | | | | | $ | 14.71 | | | | | | 2.69% | | | | | | (14.08)% | | | | | $ | 0.39 | | |
Year ended December 31, 2019 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
First Quarter
|
| | | $ | 17.21 | | | | | $ | 17.48 | | | | | $ | 15.28 | | | | | | 1.57% | | | | | | (11.21)% | | | | | $ | 0.48(4) | | |
Second Quarter
|
| | | $ | 17.27 | | | | | $ | 18.12 | | | | | $ | 17.22 | | | | | | 4.92% | | | | | | (0.29)% | | | | | $ | 0.40 | | |
Third Quarter
|
| | | $ | 17.26 | | | | | $ | 19.19 | | | | | $ | 17.99 | | | | | | 11.18% | | | | | | 4.23% | | | | | $ | 0.40 | | |
Fourth Quarter
|
| | | $ | 17.32 | | | | | $ | 19.02 | | | | | $ | 18.10 | | | | | | 9.82% | | | | | | 4.50% | | | | | $ | 0.40 | | |
Year ended December 31, 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
First Quarter
|
| | | $ | 15.58 | | | | | $ | 19.23 | | | | | $ | 8.08 | | | | | | 23.43% | | | | | | (48.14)% | | | | | $ | 0.40 | | |
Second Quarter
|
| | | $ | 15.83 | | | | | $ | 16.20 | | | | | $ | 9.13 | | | | | | 2.34% | | | | | | (42.32)% | | | | | $ | 0.40 | | |
Third Quarter (through September 14, 2020)
|
| | | | * | | | | | $ | 15.02 | | | | | $ | 13.66 | | | | | | * | | | | | | * | | | | | $ | 0.40 | | |
Date Declared
|
| |
Record Date
|
| |
Payment Date
|
| |
Amount
|
| |||||||||
February 13, 2018
|
| | | | March 15,2018 | | | | | | March 30,2018 | | | | | $ | 0.38 | | |
May 2, 2018
|
| | | | June 15,2018 | | | | | | June 29,2018 | | | | | $ | 0.38 | | |
August 1, 2018
|
| | | | September 14,2018 | | | | | | September 28,2018 | | | | | $ | 0.39 | | |
October 31, 2018
|
| | | | December 14,2018 | | | | | | December 28,2018 | | | | | $ | 0.39 | | |
Total dividends declared and payable for 2018
|
| | | | | | | | | | | | | | | $ | 1.54 | | |
February 12, 2019
|
| | | | March 15,2019 | | | | | | March 29,2019 | | | | | $ | 0.40 | | |
February 12, 2019
|
| | | | March 15,2019 | | | | | | March 29,2019 | | | | | $ | 0.02(1) | | |
February 12, 2019
|
| | | | June 14,2019 | | | | | | June 28,2019 | | | | | $ | 0.02(1) | | |
February 12, 2019
|
| | | | September 16,2019 | | | | | | September 30,2019 | | | | | $ | 0.02(1) | | |
February 12, 2019
|
| | | | December 16,2019 | | | | | | December 27,2019 | | | | | $ | 0.02(1) | | |
April 30, 2019
|
| | | | June 14,2019 | | | | | | June 28,2019 | | | | | $ | 0.40 | | |
July 30, 2019
|
| | | | September 16,2019 | | | | | | September 30,2019 | | | | | $ | 0.40 | | |
October 30, 2019
|
| | | | December 16,2019 | | | | | | December 30,2019 | | | | | $ | 0.40 | | |
Total dividends declared and payable for 2019
|
| | | | | | | | | | | | | | | $ | 1.68 | | |
February 12, 2020
|
| | | | March 16,2020 | | | | | | March 31,2020 | | | | | $ | 0.40 | | |
May 5, 2020
|
| | | | June 15,2020 | | | | | | June 30,2020 | | | | | $ | 0.40 | | |
August 4, 2020
|
| | | | September 15,2020 | | | | | | September 30,2020 | | | | | $ | 0.40 | | |
Total dividends declared and payable for 2020
|
| | | | | | | | | | | | | | | $ | 1.20 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
1A Smart Start, LLC
500 E Dallas Road Suite 100 Grapevine, TX 76051 |
| | Provider of ignition interlock devices | | |
First lien senior secured
revolving loan |
| |
5.62% (Libor + 4.50%/Q)
|
| |
8/21/2020
|
| | | | | | | | | | 3.4(6) | | |
42 North Dental, LLC (fka Gentle Communications, LLC)
200 5th Avenue Suite 3 Waltham, MA 02451 |
| |
Dental services provider
|
| |
First lien senior secured
revolving loan |
| |
8.50% (Base Rate + 5.25%/Q)
|
| |
5/27/2022
|
| | | | | | | | | | 3.0(7) | | |
| | | |
First lien senior secured
revolving loan |
| |
7.57% (Libor + 6.25%/Q)
|
| |
5/27/2022
|
| | | | | | | | | | 1.6(7) | | | ||
A.U.L. Corp.
1250 Main Street Suite 300 Napa, CA 94559 |
| |
Provider of vehicle service contracts and limited warranties for passenger vehicles
|
| |
First lien senior secured
revolving loan |
| | | | |
6/5/2023
|
| | | | | | | | | | —(8) | | |
Absolute Dental Management LLC
and ADM Equity, LLC 526 South Tonopah Drive Suite 200 Las Vegas, NV 89106 |
| |
Dental services provider
|
| |
First lien senior secured
loan |
| | | | |
1/5/2022
|
| | | | | | | | | | 14.3 | | |
| | | |
First lien senior secured
loan |
| |
8.50% (Libor + 6.75% Cash,
0.75% PIK/Q) |
| |
1/5/2022
|
| | | | | | | | | | 0.8 | | | ||
| | | |
Class A preferred units
|
| | | | | | | | | | 8.46% | | | | | | — | | | ||
| | | | Class A common units | | | | | | | | | | | 8.46% | | | | | | — | | | ||
ACAS Equity Holdings Corporation(4)(5)
2000 Avenue of the Stars 12th Floor Los Angeles, CA 90067 |
| | Investment company | | | Common stock | | | | | | | | | | | 100.00% | | | | | | — | | |
Accommodations Plus Technologies
LLC and Accommodations Plus Technologies Holdings LLC 265 Broadhollow Road Melville, NY 11747 |
| |
Provider of outsourced
crew accommodations and logistics management solutions to the airline industry |
| |
First lien senior secured
revolving loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
5/11/2023
|
| | | | | | | | | | 3.6(9) | | |
| Class A common units | | | | | | | | | | | 0.10% | | | | | | 4.1 | | | |||||
Acessa Health Inc. (fka HALT Medical, Inc.)
121 Sand Creek Road Suite B Brentwood, CA 94513 |
| |
Medical supply provider
|
| | Common stock | | | | | | | | | | | 1.18% | | | | | | — | | |
Achilles Acquisition LLC
200 Galleria Parkway Atlanta, GA 30339 |
| |
Benefits broker and outsourced workflow automation platform provider for brokers
|
| |
First lien senior secured
revolving loan |
| | | | |
10/11/2023
|
| | | | | | | | | | —(10) | | |
|
First lien senior secured
loan |
| |
4.19% (Libor + 4.00%/Q)
|
| |
10/13/2025
|
| | | | | | | | | | 0.7 | | | |||||
ADCS Billings Intermediate Holdings, LLC
151 South Lane Suite 300 Maitland, FL 32751 |
| | Dermatology practice | | |
First lien senior secured
revolving loan
|
| |
6.75% (Libor + 5.75%/Q)
|
| |
5/18/2022
|
| | | | | | | | | | 4.8(11) | | |
ADF Capital, Inc., ADF Restaurant
Group, LLC, and ARG Restaurant Holdings, Inc.(4) 165 Passaic Avenue Fairfield, NJ 07004 |
| |
Restaurant owner and operator
|
| |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | — | | |
| | | |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | — | | | ||
| | | | Promissory note | | | | | | | | | | | 1.86% | | | | | | — | | | ||
| | | | Warrant | | | | | | | | | | | 95.00% | | | | | | —(2) | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
ADG, LLC and RC IV GEDC Investor LLC
29777 Telegraph Road Suite 3000 Southfeild, MI 48304 |
| |
Dental services provider
|
| |
First lien senior secured
revolving loan |
| |
6.32% (Libor + 2.50% Cash,
2.75% PIK/M) |
| |
9/28/2022
|
| | | | | | | | | | 11.8(12) | | |
| | | | Second lien senior secured loan | | | | | |
3/28/2024
|
| | | | | | | | | | 68.4 | | | ||
| | | | Membership units | | | | | | | | | | | 0.92% | | | | | | — | | | ||
AEP Holdings, Inc. and
Arrowhead Holdco Company 3787 95th Avenue Blaine, MN 55104 |
| |
Distributor of non-discretionary, mission- critical aftermarket replacement parts
|
| |
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
8/31/2021
|
| | | | | | | | | | 25.7 | | |
| Common stock | | | | | | | | | | | 1.17% | | | | | | 2.3 | | | |||||
Aero Operating LLC
30 Sagamore Hill Drive Port Washington, NY 11050 |
| |
Service provider of snow
removal and melting service for airports and marine terminals |
| |
First lien senior secured
loan |
| |
8.00% (Libor + 6.50%/Q)
|
| |
2/9/2026
|
| | | | | | | | | | 35.3 | | |
AffiniPay Midco, LLC and AffiniPay Intermediate
Holdings, LLC 6200 Bridge Point Parkway Austin, TX 78730 |
| |
Payment processing solution provider
|
| |
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.50%/Q)
|
| |
3/2/2026
|
| | | | | | | | | | 1.7(13) | | |
| | | |
First lien senior secured
loan |
| |
6.75% (Libor + 5.50%/Q)
|
| |
3/2/2026
|
| | | | | | | | | | 62.9 | | | ||
| | | | Senior subordinated loan | | |
12.75% PIK
|
| |
2/28/2028
|
| | | | | | | | | | 21.8 | | | ||
Aimbridge Acquisition Co., Inc.
5851 Legacy Circle Suite 400 Plano, TX 75024 |
| | Hotel operator | | | Second lien senior secured loan | | |
8.93% (Libor + 7.50%/Q)
|
| |
2/1/2027
|
| | | | | | | | | | 20.0 | | |
Air Medical Group Holdings, Inc. and Air Medical Buyer Corp.
209 Highway 121 Bypass Suite 21 Lewisville, TX 75067 |
| |
Emergency air medical services provider
|
| |
First lien senior secured
loan |
| |
4.25% (Libor + 3.25%/Q)
|
| |
4/28/2022
|
| | | | | | | | | | 1.6 | | |
| | | |
Senior subordinated loan
|
| |
8.88% (Libor + 7.88%/Q)
|
| |
3/13/2026
|
| | | | | | | | | | 182.7 | | | ||
| | | | Warrant | | | | | | | | | | | 0.08% | | | | | | 1.4(2) | | | ||
Alcami Corporation and ACM Holdings I, LLC
2320 Scientific Park Drive Wilmington, NC 28405 |
| |
Outsourced drug development services provider
|
| |
First lien senior secured
revolving loan |
| |
4.07% (Libor + 3.75%/Q)
|
| |
7/12/2023
|
| | | | | | | | | | 9.3(14) | | |
|
First lien senior secured
loan |
| |
5.84% (Libor + 4.25%/Q)
|
| |
7/14/2025
|
| | | | | | | | | | 26.4 | | | |||||
| | | |
Second lien senior secured loan
|
| |
9.59% (Libor + 8.00%/Q)
|
| |
7/13/2026
|
| | | | | | | | | | 62.8 | | | ||
| | | | Common units | | | | | | | | | | | 9.20% | | | | | | 12.5 | | | ||
Alera Group Intermediate Holdings, Inc.
3 Parkway North Deerfield, IL 60015 |
| |
Insurance service provider
|
| |
Second lien senior secured loan
|
| |
8.68% (Libor + 8.50%/Q)
|
| |
3/5/2026
|
| | | | | | | | | | 25.6 | | |
| | | |
Second lien senior secured loan
|
| |
8.68% (Libor + 8.50%/Q)
|
| |
3/5/2026
|
| | | | | | | | | | 23.9 | | | ||
Alteon Health, LLC
350 Motor Parkway Suite 309 Hauppauge, NY 11788 |
| |
Provider of physician management services
|
| |
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
9/1/2022
|
| | | | | | | | | | 2.5 | | |
AMCP Clean Intermediate, LLC 150 East 42nd Street
New York, NY 10017 |
| | Provider of janitorial and facilities management services | | |
First lien senior secured
revolving loan |
| |
6.51% (Libor + 5.50%/Q)
|
| |
10/1/2024
|
| | | | | | | | | | 3.1(15) | | |
American Residential Services L.L.C.
965 Ridge Lake Blvd Memphis, TN 38120 |
| |
Heating, ventilation and
air conditioning services provider |
| | Second lien senior secured loan | | |
9.00% (Libor + 8.00%/Q)
|
| |
12/31/2022
|
| | | | | | | | | | 70.8 | | |
American Seafoods Group LLC and
American Seafoods Partners LLC 2025 First Avenue Suite 900 Seattle, WA 98121 |
| |
Harvester and processor
of seafood |
| |
Class A units
|
| | | | | | | | | | 0.24% | | | | | | 0.2 | | |
| Warrant | | | | | | | | | | | 3.36% | | | | | | 20.7(2) | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Amynta Agency Borrower Inc. and Amynta Warranty Borrower Inc.
60 Broad Street New York, NY 10004 |
| | Insurance service provider | | |
First lien senior secured
loan |
| |
4.68% (Libor + 4.50%/Q)
|
| |
2/28/2025
|
| | | | | | | | | | 12.0 | | |
Anaqua Parent Holdings, Inc. & Astorg VII Co-Invest Anaqua(5)
2 31 St. James Ave Suite 1100 Boston, MA 02116 |
| |
Provider of IP management lifecycle software
|
| |
First lien senior secured
revolving loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
10/8/2025
|
| | | | | | | | | | —(16) | | |
|
First lien senior secured
loan |
| |
5.50% (Euribor + 5.50%/Q)
|
| |
4/10/2026
|
| | | | | | | | | | 4.6 | | | |||||
|
Limited partnership units
|
| | | | | | | | | | 0.75% | | | | | | 6.9 | | | |||||
Apex Clean Energy Holdings, LLC
310 4th Street, N.E Suite 200 Charlottesville, VA 22902 |
| |
Developer, builder and owner of utility-scale wind and solar power facilities
|
| |
First lien senior secured
loan |
| |
7.75% (Libor + 6.75%/Q)
|
| |
9/26/2022
|
| | | | | | | | | | 81.0 | | |
|
First lien senior secured
loan |
| |
7.86% (Libor + 6.75%/Q)
|
| |
9/26/2022
|
| | | | | | | | | | 19.3 | | | |||||
APG Intermediate Holdings Corporation and
APG Holdings, LLC(3) 4348 Woodlands Boulevard Suite 200 Castle Rock, CO 80104 |
| |
Aircraft performance software provider
|
| |
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.25%/Q)
|
| |
1/3/2025
|
| | | | | | | | | | —(17) | | |
| | | |
First lien senior secured
loan |
| | | | |
1/3/2025
|
| | | | | | | | | | —(18) | | | ||
| | | |
First lien senior secured
loan |
| |
6.75% (Libor + 5.25%/Q)
|
| |
1/3/2025
|
| | | | | | | | | | 12.6 | | | ||
| | | |
First lien senior secured
loan |
| |
6.75% (Libor + 5.25%/Q)
|
| |
1/3/2025
|
| | | | | | | | | | 0.8 | | | ||
| | | | Class A membership units | | | | | | | | | | | 8.31% | | | | | | 10.8 | | | ||
Apptio, Inc.
11100 NE 8th Street Suite 600 Bellevue, WA 98004 |
| |
Provider of cloud-based
technology business management solutions |
| |
First lien senior secured
revolving loan |
| | | | |
1/10/2025
|
| | | | | | | | | | —(19) | | |
|
First lien senior secured
loan |
| |
8.25% (Libor + 7.25%/Q)
|
| |
1/10/2025
|
| | | | | | | | | | 60.9 | | | |||||
AQ Sunshine, Inc.
11215 N Community House Rd #100 Charlotte, NC 28277 |
| |
Specialized insurance broker
|
| |
First lien senior secured
revolving loan |
| |
6.78% (Libor + 5.75%/Q)
|
| |
4/15/2024
|
| | | | | | | | | | 0.1(20) | | |
| | | |
First lien senior secured
loan |
| | | | |
4/15/2025
|
| | | | | | | | | | —(21) | | | ||
| | | |
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
4/15/2025
|
| | | | | | | | | | 8.0 | | | ||
Ardonagh Midco 2 plc and
Ardonagh Midco 3 plc 44 Esplanade St Helier, Jersey JE4 9WU Jersey |
| |
Insurance broker and underwriting servicer
|
| |
First lien senior secured
loan |
| | | | |
7/14/2026
|
| | | | | | | | | | —(22) | | |
| | | |
First lien senior secured
loan |
| | | | |
7/14/2026
|
| | | | | | | | | | —(23) | | | ||
| | | |
First lien senior secured
loan |
| | | | |
7/14/2026
|
| | | | | | | | | | —(24) | | | ||
| | | | Senior subordinated loan | | |
11.50%
|
| |
1/15/2027
|
| | | | | | | | | | — | | | ||
Ares IIIR/IVR CLO Ltd.(5)
P.O. Box 1093 South Church Street GT Queensgate House George Town, Grand Cayman Cayman Islands |
| | Investment vehicle | | | Subordinated notes | | | | | |
4/16/2021
|
| | | | | | | | | | 0.1 | | |
Athenahealth, Inc., VVC Holding Corp.,
Virence Intermediate Holding Corp., and Virence Holdings LLC 311 Arsenal Street Watertown, MA 02472 |
| |
Revenue cycle
management provider to the physician practices and acute care hospitals |
| |
First lien senior secured
revolving loan |
| | | | |
2/12/2024
|
| | | | | | | | | | —(25) | | |
| Second lien senior secured loan | | |
8.82% (Libor + 8.50%/Q)
|
| |
2/11/2027
|
| | | | | | | | | | 206.1 | | | |||||
| Senior preferred stock | | |
11.31% PIK (Libor + 11.13%/M)
|
| | | | | | | 20.30% | | | | | | 141.2 | | | |||||
| Class A interests | | | | | | | | | | | 0.40% | | | | | | 12.8 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Atlas Intermediate III, L.L.C.
4 Tri Harbor Ct Port Washington, NY 11050 |
| | Specialty chemicals distributor | | |
First lien senior secured
revolving loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
4/29/2025
|
| | | | | | | | | | 0.1(26) | | |
Avetta, LLC
17671 Cowan Suite 150 Irvine, CA 92614 |
| |
Supply chain risk management SaaS platform for global enterprise clients
|
| | Second lien senior secured loan | | |
6.75% (Libor + 5.75%/Q)
|
| |
4/10/2024
|
| | | | | | | | | | 2.0(27) | | |
Badger Sportswear Acquisition, Inc.
111 Badger Lane Statesville, NC 28625 |
| | Provider of team uniforms and athletic wear | | | Second lien senior secured loan | | |
11.00% (Libor + 9.75%/Q)
|
| |
3/11/2024
|
| | | | | | | | | | 45.4 | | |
Beacon RNG LLC
7913 Westpark Drive Suite 101 Mclean, VA 22102 |
| | Owner of natural gas facilities | | | Class B units | | | | | | | | | | | 57.57% | | | | | | 38.2 | | |
Bearcat Buyer, Inc. and
Bearcat Parent, Inc. 7063 Columbia Gateway Drive Suite 110 Columbia, MD 21046 |
| |
Provider of central
institutional review boardsover clinical trials |
| |
First lien senior secured
revolving loan |
| | | | |
7/9/2024
|
| | | | | | | | | | —(28) | | |
|
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
7/9/2026
|
| | | | | | | | | | 30.4 | | | |||||
|
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
7/9/2026
|
| | | | | | | | | | 16.9 | | | |||||
| Second lien senior secured loan | | | | | |
7/9/2027
|
| | | | | | | | | | —(29) | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
7/9/2027
|
| | | | | | | | | | 63.5 | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
7/9/2027
|
| | | | | | | | | | 5.2 | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
7/9/2027
|
| | | | | | | | | | 12.6 | | | |||||
| Class B common units | | | | | | | | | | | 0.56% | | | | | | 6.2 | | | |||||
Belfor Holdings, Inc.
185 Oakland Avenue Suite 150 Birmingham, MI 48009 |
| | Disaster recovery services provider | | |
First lien senior secured
revolving loan |
| | | | |
4/4/2024
|
| | | | | | | | | | —(30) | | |
Birch Permian, LLC
909 Fannin St Suite 1350 Houston, TX 77010 |
| |
Operator of private
exploration oil and production company |
| | Second lien senior secured loan | | |
9.83% (Libor + 8.00%/Q)
|
| |
4/12/2023
|
| | | | | | | | | | 68.9 | | |
Blue Angel Buyer 1, LLC and
Blue Angel Holdco, LLC(3) One City Palace St. Louis, MO 63141 |
| |
Distributor of OEM appliance aftermarket parts
|
| |
First lien senior secured
revolving loan |
| | | | |
1/2/2025
|
| | | | | | | | | | —(31) | | |
|
First lien senior secured
loan |
| |
5.64% (Libor + 4.50%/Q)
|
| |
1/2/2026
|
| | | | | | | | | | 5.3 | | | |||||
|
Class A preferred units
|
| |
8.00% PIK
|
| | | | | | | 5.45% | | | | | | 6.3 | | | |||||
Blue Campaigns Intermediate Holding Corp. and
Elevate Parent, Inc. (dba EveryAction) 1445 New York Avenue. NW Suite 200 Washington DC, DC 20005 |
| |
Provider of fundraising
and organizing efforts and digital political campaigns |
| |
First lien senior secured
revolving loan |
| |
8.50% (Libor + 6.75%/Q)
|
| |
8/18/2023
|
| | | | | | | | | | 2.3(32) | | |
|
First lien senior secured
loan |
| |
8.50% (Libor + 6.75%/Q)
|
| |
8/18/2023
|
| | | | | | | | | | 40.4 | | | |||||
|
Series A preferred stock
|
| | | | | | | | | | 1.60% | | | | | | 1.9 | | | |||||
Blue Wolf Capital Fund II, L.P.(3)(5)
48 Wall Street 31st Floor New York, NY 10005 |
| |
Investment partnership
|
| |
Limited partnership interest
|
| | | | | | | | | | 8.50% | | | | | | 4.0 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Bowhunter Holdings, LLC
110 Beasley Road Cartersville, GA 30120 |
| |
Provider of branded archery
and bowhunting accessories
|
| | Common units | | | | | | | | | | | 3.20% | | | | | | — | | |
Bragg Live Food Products, LLC and
SPC Investment Co., L.P.(3) PO Box 7 Santa Barbara, CA 93102 |
| |
Health food company
|
| |
First lien senior secured
revolving loan |
| | | | |
3/11/2024
|
| | | | | | | | | | —(33) | | |
| | | |
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
3/11/2024
|
| | | | | | | | | | 31.1 | | | ||
| | | | Common units | | | | | | | | | | | 8.80% | | | | | | 13.9 | | | ||
BW Landco LLC(4)
6700 Alexander Bell Drive Suite 300 Columbia, MD 21046 |
| | Real estate developer | | | Membership interest | | | | | | | | | | | 100.00% | | | | | | 30.8 | | |
Cadence Aerospace, LLC
2600 94th Street SW Suite 150 Everett, WA 98204 |
| |
Aerospace precision components manufacturer
|
| |
First lien senior secured
revolving loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
11/14/2022
|
| | | | | | | | | | 13.1(34) | | |
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
11/14/2023
|
| | | | | | | | | | 29.1 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
11/14/2023
|
| | | | | | | | | | 9.1 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
11/14/2023
|
| | | | | | | | | | 11.1 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
11/14/2023
|
| | | | | | | | | | 7.3 | | | |||||
CallMiner, Inc.
200 West Street Waltham, MA 02452 |
| |
Provider of cloud-based
conversational analytic solutions |
| | Warrant | | | | | | | | | | | 1.83% | | | | | | —(2) | | |
Capstone Logistics Acquisition, Inc.
6525 The Corners Parkway Suite 520 Peachtree Corners, GA 30092 |
| |
Outsourced supply
chain solutions provider to operators of distribution centers |
| |
First lien senior secured
revolving loan |
| |
4.68% (Libor + 4.50%/Q)
|
| |
4/7/2021
|
| | | | | | | | | | 0.2(35) | | |
Carlyle Global Market Strategies CLO 2015-3(5)
190 Elgin Avenue George Town, Grand Cayman KY1-9005 Cayman Islands |
| | Investment vehicle | | | Subordinated notes | | |
28.70%
|
| |
7/28/2028
|
| | | | | | | | | | 5.5 | | |
CB Trestles OpCo, LLC
5935 Darwin Ct Carlsbad, CA 92008 |
| |
Apparel retailer
|
| |
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
10/26/2024
|
| | | | | | | | | | 25.5(36) | | |
| | | |
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
10/26/2024
|
| | | | | | | | | | 20.8 | | | ||
CCS-CMGC Holdings, Inc.
1283 Murfreesboro Rd Suite 500 Nashville, TN 37217 |
| |
Correctional facility healthcare operator
|
| |
First lien senior secured
revolving loan |
| | | | |
10/1/2023
|
| | | | | | | | | | —(37) | | |
| | | |
First lien senior secured
loan |
| |
6.45% (Libor + 5.50%/Q)
|
| |
10/1/2025
|
| | | | | | | | | | 32.1 | | | ||
Center for Autism and Related
Disorders, LLC 21600 Oxnard Street Suite 1800 Woodland Hills, CA 91367 |
| |
Autism treatment and services provider specializing in applied behavior analysis therapy
|
| |
First lien senior secured
revolving loan |
| |
4.89% (Libor + 4.50%/Q)
|
| |
11/21/2023
|
| | | | | | | | | | 7.2(38) | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Centric Brands Inc. (fka Differential
Brands Group Inc.)(5) 350 5th Avenue 6th Floo New York, NY 10118r |
| |
Designer, marketer and
distributor of licensed and owned apparel |
| |
First lien senior secured
revolving loan |
| |
8.75% (Base Rate + 5.50%/Q)
|
| |
5/18/2021
|
| | | | | | | | | | 1.9(39) | | |
|
First lien senior secured
revolving loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
5/18/2021
|
| | | | | | | | | | 2.0(39) | | | |||||
|
First lien senior secured
loan |
| |
9.50% PIK (Libor + 8.00%/Q)
|
| |
10/30/2023
|
| | | | | | | | | | 48.4 | | | |||||
| Common stock | | | | | | | | | | | 4.33% | | | | | | — | | | |||||
ChargePoint, Inc.
1692 Dell Avenue Campbell, CA 95008 |
| |
Developer and operator
of electric vehicle charging stations |
| | Warrant | | | | | | | | | | | 3.70% | | | | | | 3.0(2) | | |
Chariot Acquisition, LLC
3510 Port Jacksonville Pkwy Jacksonville, FL 32226 |
| |
Manufacturer of aftermarket golf cart parts and accessories
|
| |
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
9/30/2021
|
| | | | | | | | | | 25.8 | | |
Cheyenne Petroleum Company
Limited Partnership, CPC 2001 LLC and Mill Shoals LLC 14000 Quail Springs Pkwy Suite 2200 Oklahoma City, OK 73134 |
| |
Private oil exploration and production company
|
| |
Second lien senior secured loan
|
| |
10.50% (Libor + 8.50%/Q)
|
| |
1/10/2024
|
| | | | | | | | | | 49.3 | | |
CHG PPC Parent LLC
2201 Broadway San Antonio, TX 78215 |
| |
Diversified food products manufacturer
|
| |
Second lien senior secured loan
|
| |
7.68% (Libor + 7.50%/Q)
|
| |
3/30/2026
|
| | | | | | | | | | 58.6 | | |
|
Second lien senior secured loan
|
| |
7.93% (Libor + 7.75%/Q)
|
| |
3/30/2026
|
| | | | | | | | | | 33.1 | | | |||||
Cipriani USA, Inc.
110 E 42nd Street New York, NY |
| |
Manager and operator of banquet facilities, restaurantshotels and other leisure,properties
|
| |
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 2.7 | | |
|
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 10.9 | | | |||||
|
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 13.5 | | | |||||
|
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 18.0 | | | |||||
|
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 2.7 | | | |||||
|
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 4.4 | | | |||||
|
First lien senior secured
loan |
| |
11.75% (Libor + 10.75%/Q)
|
| |
5/30/2023
|
| | | | | | | | | | 61.4 | | | |||||
Clearwater Analytics, LLC
777 W. Main Street Suite 900 Boise, ID 83702 |
| |
Provider of integrated
cloud-based investment portfolio management, accounting, reporting and analytics software |
| |
First lien senior secured
revolving loan |
| | | | |
9/1/2022
|
| | | | | | | | | | —(40) | | |
CMW Parent LLC (fka Black Arrow, Inc.)
65 North San Pedro San Jose, CA 95110 |
| |
Multiplatform media firm
|
| | Series A units | | | | | | | | | | | 0.00% | | | | | | — | | |
CoLTs 2005-1 Ltd.(4)(5)
P.O. Box 908 Mary Street GT Walker House George Town, Grand Cayman Cayman Islands |
| | Investment vehicle | | | Preferred shares | | | | | | | | | | | | | | | | | — | | |
CoLTs 2005-2 Ltd.(4)(5)
P.O. Box 908 Mary Street GT Walker House George Town, Grand Cayman Cayman Islands |
| | Investment vehicle | | | Preferred shares | | | | | | | | | | | | | | | | | — | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Commercial Credit Group, Inc.
227 Waste trade Street Suite 1450 Charlotte, NC 28202 |
| |
Commercial equipment
finance and leasing company |
| | Senior subordinated loan | | |
11.00% (Libor + 9.75%/M)
|
| |
8/31/2022
|
| | | | | | | | | | 17.0 | | |
Comprehensive EyeCare Partners, LLC 1256 Main Street
Suite 256 South Lake, TX 76092 |
| |
Vision care practice management company
|
| |
First lien senior secured
revolving loan |
| |
6.00% (Libor + 4.75%/Q)
|
| |
2/14/2024
|
| | | | | | | | | | 1.6(41) | | |
|
First lien senior secured
loan |
| | | | |
2/14/2024
|
| | | | | | | | | | —(42) | | | |||||
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.50%/Q)
|
| |
2/14/2024
|
| | | | | | | | | | 5.0 | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Base Rate + 3.75%/Q)
|
| |
2/14/2024
|
| | | | | | | | | | 1.0 | | | |||||
|
First lien senior secured
loan |
| |
6.00% (Libor + 4.75%/Q)
|
| |
2/14/2024
|
| | | | | | | | | | 2.2 | | | |||||
Concert Golf Partners Holdco LLC
345 1 Coastal Oak Newport Beach, CA 92657 |
| |
Golf club owner and operator
|
| |
First lien senior secured
revolving loan |
| |
5.50% (Libor + 4.50%/Q)
|
| |
8/20/2025
|
| | | | | | | | | | 0.1(43) | | |
|
First lien senior secured
loan |
| | | | |
8/20/2025
|
| | | | | | | | | | —(44) | | | |||||
|
First lien senior secured
loan |
| |
5.50% (Libor + 4.50%/Q)
|
| |
8/20/2025
|
| | | | | | | | | | 17.7 | | | |||||
|
First lien senior secured
loan |
| |
5.50% (Libor + 4.50%/Q)
|
| |
8/20/2025
|
| | | | | | | | | | 1.1 | | | |||||
Consumer Health Parent LLC
8515 E. Anderson Dr. Scottsdale, AZ 85255 |
| |
Developer and marketer
of over-the-counter cold remedy products |
| |
Preferred units
|
| | | | | | | | | | 0.94% | | | | | | 2.3 | | |
| Series A units | | | | | | | | | | | 0.94% | | | | | | — | | | |||||
Convey Health Solutions, Inc.
345 100 SE 3rd Ave 26th Floor Fort Lauderdale, FL 33394 |
| |
Healthcare workforce management software provider
|
| |
First lien senior secured
loan |
| |
7.01% (Libor + 5.25%/Q)
|
| |
9/4/2026
|
| | | | | | | | | | 3.1 | | |
|
First lien senior secured
loan |
| |
10.35% (Libor + 9.00%/Q)
|
| |
9/4/2026
|
| | | | | | | | | | 2.4 | | | |||||
Cority Software Inc., IQS, Inc. and Project Falcon Parent, Inc.(5)
250 Bloor St E 9th Floor Toronto, ON M4W 1E6 Canada |
| |
Provider of environmental, health and safety software to track compliance data
|
| |
First lien senior secured
revolving loan |
| | | | |
7/2/2025
|
| | | | | | | | | | —(45) | | |
|
First lien senior secured
loan |
| |
7.21% (Libor + 5.75%/Q)
|
| |
7/2/2026
|
| | | | | | | | | | 6.3 | | | |||||
|
First lien senior secured
loan |
| |
7.21% (Libor + 5.75%/Q)
|
| |
7/2/2026
|
| | | | | | | | | | 4.4 | | | |||||
| Preferred equity | | |
9.00% PIK
|
| | | | | | | 0.06% | | | | | | 0.2 | | | |||||
| Common equity | | | | | | | | | | | 0.06% | | | | | | 0.2 | | | |||||
Cozzini Bros., Inc. and BH-Sharp Holdings LP
350 Howard Avenue Des Plaines, IL 60018 |
| |
Provider of commercial
knife sharpening and cutlery services in the restaurant industry |
| |
First lien senior secured
revolving loan |
| |
10.07% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
3/10/2023
|
| | | | | | | | | | 0.2(46) | | |
|
First lien senior secured
loan |
| |
10.07% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
3/10/2023
|
| | | | | | | | | | 10.5 | | | |||||
| Common units | | | | | | | | | | | 3.24% | | | | | | 1.1 | | | |||||
CPV Maryland Holding
Company II, LLC c/o Competitive Power Ventures, Inc. 8403 Colesville Road Suite 915 Silver Spring, MD 20910 |
| | Gas turbine power generation facilities operator | | | Senior subordinated loan | | | | | |
12/31/2020
|
| | | | | | | | | | 54.4 | | |
Creation Holdings Inc.(5) 8999 Fraserton Court
Burnaby, BC V5J 5H8 Canada |
| |
Manufacturer of electrical systems
|
| |
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
8/15/2024
|
| | | | | | | | | | 8.4(47) | | |
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
8/15/2025
|
| | | | | | | | | | 17.0 | | | |||||
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
8/15/2025
|
| | | | | | | | | | 6.4 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
CREST Exeter Street Solar 2004-1(5)
P.O. Box 908 Mary Street GT Walker House George Town, Grand Cayman Cayman Islands |
| | Investment vehicle | | | Preferred shares | | | | | | | | | | | | | | | | | — | | |
Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC(3)
1501 North Guillemard Street Pensacola, FL 32501 |
| |
Provider of outsourced
healthcare linen management solutions |
| |
First lien senior secured
revolving loan |
| |
7.34% (Libor + 6.25%/M)
|
| |
12/20/2021
|
| | | | | | | | | | 4.0(48) | | |
|
First lien senior secured
loan |
| |
7.32% (Libor + 6.25%/Q)
|
| |
12/20/2021
|
| | | | | | | | | | 10.0 | | | |||||
|
First lien senior secured
loan |
| |
7.32% (Libor + 6.25%/Q)
|
| |
12/20/2021
|
| | | | | | | | | | 0.9 | | | |||||
|
First lien senior secured
loan |
| |
7.38% (Libor + 6.25%/Q)
|
| |
12/20/2021
|
| | | | | | | | | | 5.0 | | | |||||
|
First lien senior secured
loan |
| |
7.32% (Libor + 6.25%/Q)
|
| |
12/20/2021
|
| | | | | | | | | | 11.4 | | | |||||
|
Class A preferred units
|
| | | | | | | | | | 10.59% | | | | | | 6.0 | | | |||||
| Class B common units | | | | | | | | | | | 10.59% | | | | | | 2.9 | | | |||||
CST Buyer Company (d/b/a Intoxalock)
11035 Aurora Ave Des Moines, IA 50325 |
| |
Provider of ignition interlock devices
|
| |
First lien senior secured
revolving loan |
| |
6.32% (Libor + 5.25%/Q)
|
| |
10/3/2025
|
| | | | | | | | | | 3.7(49) | | |
CVP Holdco, Inc. and OMERS
Wildcats Investment Holdings LLC 1801 Market Street Suite 1300 Philadelphia, PA 19103 |
| |
Veterinary hospital operator
|
| |
First lien senior secured
revolving loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
10/31/2024
|
| | | | | | | | | | 0.7(50) | | |
|
First lien senior secured
loan |
| | | | |
10/31/2025
|
| | | | | | | | | | —(51) | | | |||||
|
First lien senior secured
loan |
| |
7.34% (Libor + 5.75%/Q)
|
| |
10/31/2025
|
| | | | | | | | | | 54.5 | | | |||||
|
First lien senior secured
loan |
| |
7.84% (Libor + 6.25%/Q)
|
| |
10/31/2025
|
| | | | | | | | | | 13.2 | | | |||||
| Common stock | | | | | | | | | | | 2.53% | | | | | | 9.2 | | | |||||
D4C Dental Brands HoldCo, Inc.
and Bambino Group Holdings, LLC 1350 Spring Street NW Suite 600 Atlanta, GA 30353 |
| |
Dental services provider
|
| |
First lien senior secured
revolving loan |
| |
8.51% (Libor + 2.50% Cash,
4.75% PIK/Q) |
| |
12/21/2022
|
| | | | | | | | | | —(52) | | |
|
Class A preferred units
|
| | | | | | | | | | | | | 0.64% | | | | | | — | | | ||
Datix Bidco Limited(5) 11 Worple Road Wimbledon, London SW19 4JS United Kingdom | | |
Global healthcare software company that provides software solutions for patient safety and risk management
|
| |
First lien senior secured
loan |
| |
5.36% (Libor + 4.50%/Q)
|
| |
4/28/2025
|
| | | | | | | | | | — | | |
DCA Investment Holding LLC 6240
Lake osprey drive Sarasota, FL 34240 |
| |
Multi-branded dental practice management
|
| |
First lien senior secured
revolving loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
7/2/2021
|
| | | | | | | | | | 5.2(53) | | |
|
First lien senior secured
loan |
| |
6.32% (Libor + 5.25%/Q)
|
| |
7/2/2021
|
| | | | | | | | | | 16.8 | | | |||||
DecoPac, Inc.
3500 Thurston Avenue Anoka, MN 55303 |
| |
Supplier of cake
decorating solutions and products to in-store bakeries |
| |
First lien senior secured
revolving loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
9/29/2023
|
| | | | | | | | | | 1.6(54) | | |
DFC Global Facility Borrower III LLC(5) 74 E Swedesford Road
Suite 150 Malvern, PA 19355 |
| |
Non-bank provider of alternative financial services
|
| |
First lien senior secured
revolving loan |
| |
11.75% (Libor + 10.75%/M)
|
| |
9/27/2024
|
| | | | | | | | | | 113.3(55) | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
DFS Holding Company, Inc.
607 W Dempster Street Mount Prospect, IL 60056 |
| |
Distributor of
maintenance, repair, and operations parts, supplies, and equipment to the foodservice industry |
| |
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
8/17/2023
|
| | | | | | | | | | 162.7 | | |
|
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
8/17/2023
|
| | | | | | | | | | 4.2 | | | |||||
|
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
8/17/2023
|
| | | | | | | | | | 0.6 | | | |||||
|
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
2/17/2022
|
| | | | | | | | | | 0.6 | | | |||||
|
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
8/17/2023
|
| | | | | | | | | | 0.3 | | | |||||
DGH Borrower LLC
358 North Shore Drive Suite 201 Pittsburgh, PA 15212 |
| |
Developer, owner and
operator of quick start, small-scale natural gas-fired power generation projects |
| |
First lien senior secured
loan |
| |
7.75% (Libor + 6.75%/Q)
|
| |
6/8/2023
|
| | | | | | | | | | 48.9 | | |
Directworks, Inc. and Co-Exprise Holdings, Inc. 6021 Wallace Road Suite 300 Wexford, PA 15090
|
| |
Provider of cloud-based
software solutions for direct materials sourcing and supplier management for manufacturers |
| |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | — | | |
| Warrant | | | | | | | | | | | 4.76% | | | | | | —(2) | | | |||||
Display Holding Company, Inc.,
Saldon Holdings, Inc. and Fastsigns Holdings Inc. 2542 Highlander Way Carrollton, TX 75006 |
| |
Provider of visual communications solutions
|
| |
First lien senior secured
revolving loan |
| |
6.65% (Libor + 5.65%/Q)
|
| |
3/13/2024
|
| | | | | | | | | | 2.2(56) | | |
|
First lien senior secured
loan |
| |
6.65% (Libor + 5.65%/Q)
|
| |
3/13/2025
|
| | | | | | | | | | 15.8 | | | |||||
|
First lien senior secured
loan |
| |
6.65% (Libor + 5.65%/Q)
|
| |
3/13/2025
|
| | | | | | | | | | 2.5 | | | |||||
| Common units | | | | | | | | | | | 60.00% | | | | | | 0.7 | | | |||||
Dorner Holding Corp.
975 Cottonwood Avenue Hartland, WI 53029 |
| |
Manufacturer of
precision unit conveyors |
| |
First lien senior secured
revolving loan |
| | | | |
3/15/2022
|
| | | | | | | | | | —(57) | | |
DRB Holdings, LLC
3245 Pickle Road Akron, OH 44312 |
| |
Provider of integrated
technology solutions to car wash operators |
| |
First lien senior secured
revolving loan |
| | | | |
10/6/2023
|
| | | | | | | | | | —(58) | | |
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
10/6/2023
|
| | | | | | | | | | 23.4 | | | |||||
Drilling Info Holdings, Inc. and
Titan DI Preferred Holdings, Inc. 2901 Via Fortuna #200 Austin, TX 78746 |
| |
SaaS based business analytics company focused on oil and gas industry
|
| |
Second lien senior secured loan
|
| |
8.43% (Libor + 8.25%/Q)
|
| |
7/30/2026
|
| | | | | | | | | | 23.8 | | |
| Preferred stock | | |
13.50% PIK
|
| | | | | | | 7.38% | | | | | | 31.1 | | | |||||
DRS Holdings III, Inc. and
DRS Holdings I, Inc. 255 State Street 7th Floor Boston, MA 02109 |
| |
Footwear and orthopedic foot-care brand
|
| |
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
11/1/2025
|
| | | | | | | | | | 2.6(59) | | |
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
11/1/2025
|
| | | | | | | | | | 29.1 | | | |||||
| Common stock | | | | | | | | | | | 2.64% | | | | | | 5.9 | | | |||||
DTI Holdco, Inc. and OPE DTI Holdings, Inc.
2 Ravinia Drive Suite 850 Atlanta, GA 30346 |
| |
Provider of legal process
outsourcing and managed services |
| |
First lien senior secured
revolving loan |
| |
5.66% (Libor + 4.50%/Q)
|
| |
9/30/2021
|
| | | | | | | | | | 6.9(60) | | |
|
Class A common stock
|
| | | | | | | | | | 0.86% | | | | | | 4.2 | | | |||||
| Class B common stock | | | | | | | | | | | 0.86% | | | | | | — | | | |||||
Dynatrace, Inc. 1601 Trapelo Road Suite 116 Waltham, MA 02451
|
| |
Web and mobile cloud
performance testing and monitoring services provider |
| | Common stock | | | | | | | | | | | 0.20% | | | | | | 22.3 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
eCapital Finance Corp.
20807 Biscayne Blvd Suite 203 Aventura, FL 33180 |
| |
Consolidator of commercial finance businesses
|
| |
Senior subordinated loan
|
| | | | |
1/31/2025
|
| | | | | | | | | | —(61) | | |
| Senior subordinated loan | | |
10.00% (Libor + 8.50%/Q)
|
| |
1/31/2025
|
| | | | | | | | | | 36.2 | | | |||||
| Senior subordinated loan | | |
10.00% (Libor + 8.50%/Q)
|
| |
1/31/2025
|
| | | | | | | | | | 37.4 | | | |||||
Eckler Industries, Inc. and
Eckler Purchaser LLC(4) 5200 S. Washington Ave Titusville, FL 32780 |
| |
Restoration parts and
accessories provider for classic automobiles |
| |
First lien senior secured
revolving loan |
| |
12.00% PIK
|
| |
5/25/2022
|
| | | | | | | | | | 3.2(62) | | |
|
First lien senior secured
loan |
| |
12.00% PIK
|
| |
5/25/2022
|
| | | | | | | | | | 19.5 | | | |||||
| Class A common units | | | | | | | | | | | 67.97% | | | | | | — | | | |||||
Emergency Communications Network, LLC
780 W Granada Blvd Ormond Beach, FL 32174 |
| |
Provider of mission
critical emergency mass notification solutions |
| |
First lien senior secured
revolving loan |
| | | | |
6/1/2022
|
| | | | | | | | | | —(63) | | |
|
First lien senior secured
loan |
| |
8.75% (Libor + 2.625% Cash,
5.125% PIK/Q) |
| |
6/1/2023
|
| | | | | | | | | | 38.0 | | | |||||
Emerus Holdings, Inc.
82330 North Loop 1604 W San Antonio, TX 78249 |
| | Freestanding 24-hour emergency care micro-hospitals operator | | |
First lien senior secured
loan |
| |
10.00% Cash, 4.00% PIK
|
| |
2/28/2022
|
| | | | | | | | | | 16.7 | | |
EP Purchaser, LLC., Entertainment
Partners Canada ULC and TPG VIII EP Co-Invest II, L.P.(5) 2950 N Hollywood Way Burbank, CA 91505 |
| |
Provider of
entertainment workforce and production management solutions |
| |
First lien senior secured
revolving loan |
| | | | |
5/12/2025
|
| | | | | | | | | | —(64) | | |
|
First lien senior secured
loan |
| |
6.06% (Libor + 5.75%/Q)
|
| |
5/11/2026
|
| | | | | | | | | | 27.6 | | | |||||
|
First lien senior secured
loan |
| |
6.06% (Libor + 5.75%/Q)
|
| |
5/11/2026
|
| | | | | | | | | | 19.4 | | | |||||
|
First lien senior secured
loan |
| |
6.06% (Libor + 5.75%/Q)
|
| |
5/11/2026
|
| | | | | | | | | | 10.1 | | | |||||
|
First lien senior secured
loan |
| |
6.06% (Libor + 5.75%/Q)
|
| |
5/11/2026
|
| | | | | | | | | | 3.9 | | | |||||
| Partnership units | | | | | | | | | | | 0.48% | | | | | | 5.6 | | | |||||
Episerver Inc. and Goldcup 17308 AB(5) 542A Amherst Street
Route 101A Nashua, NH 03063 |
| |
Provider of web content
management and digital commerce solutions |
| |
First lien senior secured
revolving loan |
| | | | |
10/9/2024
|
| | | | | | | | | | —(65) | | |
|
First lien senior secured
loan |
| |
6.00% (Euribor + 6.00%/Q)
|
| |
10/9/2024
|
| | | | | | | | | | 5.7 | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
10/9/2024
|
| | | | | | | | | | 26.2 | | | |||||
eResearch Technology, Inc. and Astorg VII Co-Invest ERT(5)
1818 Market Street Philadelphia, PA 19103 |
| |
Provider of mission-
critical, software- enabled clinical research solutions |
| |
Second lien senior secured loan
|
| | | | |
2/4/2028
|
| | | | | | | | | | —(66) | | |
| Second lien senior secured loan | | |
8.50% (Libor + 8.00%/Q)
|
| |
2/4/2028
|
| | | | | | | | | | 19.4 | | | |||||
| Limited partnership interest | | | | | | | | | | | 0.16% | | | | | | 3.8 | | | |||||
ESCP PPG Holdings, LLC(3)
8330 State Road Philadelphia, PA 19136 |
| |
Distributor of new
equipment and aftermarket parts to the heavy-duty truck industry |
| | Class A units | | | | | | | | | | | 7.91% | | | | | | 3.5 | | |
European Capital UK SME Debt LP(3)(5)
25 Bedford Street London, WC2E 9ES United Kingdom |
| |
Investment partnership
|
| | Limited partnership interest | | | | | | | | | | | 45.00% | | | | | | 26.0 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Everspin Technologies, Inc.
1347 N Alma School Road Suite 220 Chandler, AZ 85224 |
| |
Designer and manufacturer of computer memory solutions
|
| | Warrant | | | | | | | | | | | 3.98% | | | | | | —(2) | | |
Evolent Health LLC and Evolent Health, Inc.(5)
800 North Glebe Road Suite 500 Arlington, VA 22203 |
| |
Medical technology
company focused on value based care services and payment solutions |
| |
First lien senior secured
loan |
| | | | |
12/30/2024
|
| | | | | | | | | | —(67) | | |
|
First lien senior secured
loan |
| |
9.00% (Libor + 8.00%/Q)
|
| |
12/30/2024
|
| | | | | | | | | | 62.4 | | | |||||
| Warrant | | | | | | | | | | | 1.57% | | | | | | 5.6(2) | | | |||||
Excelligence Holdings Corp.
2 Lower Ragsdale Drive #215 Monterey, CA 93940 |
| |
Developer, manufacturer and retailer of educational products
|
| |
First lien senior secured
loan |
| |
8.07% (Libor + 2.50% Cash,
4.50% PIK/M) |
| |
4/18/2023
|
| | | | | | | | | | 7.3 | | |
EZ Elemica Holdings, Inc. & Elemica Parent, Inc
550 E Swedesford Road Suite 310 Wayne, PA 19087 |
| |
SaaS based supply chain
management software provider focused on chemical markets |
| |
First lien senior secured
revolving loan |
| |
5.98% (Libor + 5.50%/Q)
|
| |
9/18/2025
|
| | | | | | | | | | 2.8(68) | | |
|
First lien senior secured
loan |
| | | | |
9/18/2025
|
| | | | | | | | | | —(69) | | | |||||
|
First lien senior secured
loan |
| |
5.81% (Libor + 5.50%/Q)
|
| |
9/18/2025
|
| | | | | | | | | | 47.7 | | | |||||
| Preferred equity | | | | | | | | | | | 1.83% | | | | | | 3.7 | | | |||||
FAMS Holdings, Inc.(3)
1967 Lakeside Parkway Suite 402 Tucker, GA 30084 |
| |
Debt collection services
provider |
| | Common stock | | | | | | | | | | | 18.00% | | | | | | — | | |
Ferraro Fine Foods Corp. and
Italian Fine Foods Holdings L.P. 287 South Randolphville Road Piscataway, NJ 08854 |
| |
Specialty Italian food distributor
|
| |
First lien senior secured
revolving loan |
| |
5.32% (Libor + 4.25%/Q)
|
| |
5/9/2023
|
| | | | | | | | | | 2.6(70) | | |
|
First lien senior secured
loan |
| |
5.32% (Libor + 4.25%/Q)
|
| |
5/9/2024
|
| | | | | | | | | | 9.0 | | | |||||
|
First lien senior secured
loan |
| |
5.32% (Libor + 4.25%/Q)
|
| |
5/9/2024
|
| | | | | | | | | | 0.5 | | | |||||
|
First lien senior secured
loan |
| |
5.32% (Libor + 4.25%/Q)
|
| |
5/9/2024
|
| | | | | | | | | | 2.7 | | | |||||
| Class A common units | | | | | | | | | | | 1.12% | | | | | | 3.1 | | | |||||
First Insight, Inc.
1606 Carmody Court Suite 106 Sewickley, PA 15143 |
| |
Software company providing merchandising and pricing solutions to companies worldwide
|
| | Warrant | | | | | | | | | | | 0.88% | | | | | | —(2) | | |
Flinn Scientific, Inc. and
WCI-Quantum Holdings, Inc. 770 N. Raddant Rd Batavia, IL 60510 |
| |
Distributor of instructional products, services and resources
|
| |
First lien senior secured
revolving loan |
| |
5.56% (Libor + 4.75%/Q)
|
| |
8/31/2023
|
| | | | | | | | | | 9.2(71) | | |
|
First lien senior secured
loan |
| |
5.51% (Libor + 4.75%/Q)
|
| |
8/31/2023
|
| | | | | | | | | | 28.0 | | | |||||
|
First lien senior secured
loan |
| |
6.70% (Libor + 4.75%/Q)
|
| |
8/31/2023
|
| | | | | | | | | | 1.1 | | | |||||
|
Series A preferred stock
|
| | | | | | | | | | 1.27% | | | | | | 0.8 | | | |||||
Flow Control Solutions, Inc.
7869 Route 98 Arcade, NY 14009 |
| |
Distributor and manufacturer of flow control systems components
|
| |
First lien senior secured
revolving loan |
| | | | |
11/21/2024
|
| | | | | | | | | | —(72) | | |
|
First lien senior secured
loan |
| | | | |
11/21/2024
|
| | | | | | | | | | —(73) | | | |||||
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
11/21/2024
|
| | | | | | | | | | 10.8 | | | |||||
FM: Systems Group LLC
2301 Sugar Bush Road Suite 500 Raleigh, NC 27612 |
| |
Provider of facilities and
space management software solutions |
| |
First lien senior secured
revolving loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
12/2/2024
|
| | | | | | | | | | 1.5(74) | | |
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
12/2/2024
|
| | | | | | | | | | 3.2 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Foundation Risk Partners, Corp. 4634 Gulfstarr Drive
Destin, FL 32541 |
| |
Full service independent
insurance agency |
| |
First lien senior secured
revolving loan |
| | | | |
11/10/2023
|
| | | | | | | | | | —(75) | | |
|
First lien senior secured
loan |
| | | | |
11/10/2023
|
| | | | | | | | | | —(76) | | | |||||
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
11/10/2023
|
| | | | | | | | | | 21.7 | | | |||||
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
11/10/2023
|
| | | | | | | | | | 7.5 | | | |||||
| Second lien senior secured loan | | | | | |
11/10/2024
|
| | | | | | | | | | —(77) | | | |||||
| Second lien senior secured loan | | |
9.50% (Libor + 8.50%/Q)
|
| |
11/10/2024
|
| | | | | | | | | | 18.9 | | | |||||
| Second lien senior secured loan | | |
9.50% (Libor + 8.50%/Q)
|
| |
11/10/2024
|
| | | | | | | | | | 21.4 | | | |||||
| Second lien senior secured loan | | |
9.50% (Libor + 8.50%/Q)
|
| |
11/10/2024
|
| | | | | | | | | | 27.1 | | | |||||
| Second lien senior secured loan | | |
9.50% (Libor + 8.50%/Q)
|
| |
11/10/2024
|
| | | | | | | | | | 1.3 | | | |||||
| Second lien senior secured loan | | |
9.50% (Libor + 8.50%/Q)
|
| |
11/10/2024
|
| | | | | | | | | | 27.2 | | | |||||
Frontline Technologies Group
Holding LLC, Frontline Technologies Blocker Buyer, Inc., Frontline Technologies Holdings, LLC and Frontline Technologies Parent, LLC 1400 Atwater Drive Malvern, PA 19355 |
| |
Provider of human
capital management (“HCM”) and SaaS- based software solutions to employees and administrators of K-12 school organizations |
| |
Class A preferred units
|
| |
9.00% PIK
|
| | | | | | | 0.62% | | | | | | 5.9 | | |
| Class B common | | | | | | | | | | | 0.62% | | | | | | 2.6 | | | |||||
FS Squared Holding Corp. and
FS Squared, LLC 6005 Century Oaks Dr #100 Chattanooga, TN 37416 |
| |
Provider of on-site vending and micro market solutions
|
| |
First lien senior secured
revolving loan |
| |
5.43% (Libor + 5.25%/Q)
|
| |
3/28/2024
|
| | | | | | | | | | 4.4(78) | | |
|
First lien senior secured
loan |
| | | | |
3/28/2025
|
| | | | | | | | | | —(79) | | | |||||
| Class A units | | | | | | | | | | | 3.62% | | | | | | 9.5 | | | |||||
FWR Holding Corporation 8027 Cooper Creed Boulevard
#103 University Park, FL 34201 |
| |
Restaurant owner,
operator, and franchisor |
| |
First lien senior secured
revolving loan |
| |
7.75% (Base Rate + 4.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.5(80) | | |
|
First lien senior secured
revolving loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.5(80) | | | |||||
|
First lien senior secured
loan |
| | | | |
8/21/2023
|
| | | | | | | | | | —(81) | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 3.6 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.5 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.5 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.8 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.5 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 0.6 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
8/21/2023
|
| | | | | | | | | | 1.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Garden Fresh Restaurant Corp. and
GFRC Holdings LLC 15822 Bernardo Center Drive Suite A San Diego, CA 92127 |
| |
Restaurant owner and operator
|
| |
First lien senior secured
revolving loan |
| | | | |
2/1/2022
|
| | | | | | | | | | —(82) | | |
|
First lien senior secured
loan |
| | | | |
2/1/2022
|
| | | | | | | | | | — | | | |||||
GB Auto Service Holdings, LLC
2910 North Swan Road Suite 110 Tucson, AZ 85712 |
| |
Automotive parts and repair services retailer
|
| |
First lien senior secured
revolving loan |
| |
7.52% (Libor + 6.50%/Q)
|
| |
10/19/2024
|
| | | | | | | | | | 3.7(83) | | |
|
First lien senior secured
loan |
| | | | |
10/19/2024
|
| | | | | | | | | | —(84) | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
10/19/2024
|
| | | | | | | | | | 21.1 | | | |||||
|
First lien senior secured
loan |
| |
7.53% (Libor + 6.50%/Q)
|
| |
10/19/2024
|
| | | | | | | | | | 29.1 | | | |||||
|
First lien senior secured
loan |
| |
7.32% (Libor + 6.00%/Q)
|
| |
10/19/2024
|
| | | | | | | | | | 3.7 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
10/19/2024
|
| | | | | | | | | | 18.4 | | | |||||
| Common units | | | | | | | | | | | 6.57% | | | | | | 5.4 | | | |||||
Gehl Foods, LLC and
GF Parent LLC N116W15970 Main St Germantown, WI 53022 |
| |
Producer of low-acid, aseptic food and beverage products
|
| |
Class A preferred units
|
| | | | | | | | | | 2.58% | | | | | | — | | |
| Class A common units | | | | | | | | | | | 2.58% | | | | | | — | | | |||||
| Class B common units | | | | | | | | | | | 2.58% | | | | | | — | | | |||||
Genesis Acquisition Co. and
Genesis Holding Co. 1 West Main Street Ste 201 Medford, OR 97501 |
| |
Child care management
software and services provider |
| |
First lien senior secured
revolving loan |
| |
4.31% (Libor + 4.00%/Q)
|
| |
7/31/2024
|
| | | | | | | | | | 1.4(85) | | |
|
First lien senior secured
loan |
| | | | |
7/31/2024
|
| | | | | | | | | | —(86) | | | |||||
|
First lien senior secured
loan |
| |
4.31% (Libor + 4.00%/Q)
|
| |
7/31/2024
|
| | | | | | | | | | 0.1 | | | |||||
| Second lien senior secured loan | | |
8.95% (Libor + 7.50%/Q)
|
| |
7/31/2025
|
| | | | | | | | | | 23.7 | | | |||||
| Second lien senior secured loan | | |
7.67% (Libor + 7.50%/Q)
|
| |
7/31/2025
|
| | | | | | | | | | 6.0 | | | |||||
|
Class A common stock
|
| | | | | | | | | | 7.99% | | | | | | 0.7 | | | |||||
Genomatica, Inc.
100 Acorn Park Drive Cambridge Discovery Park 5th Floor Cambridge, MA 02140 |
| |
Developer of a
biotechnology platform for the production of chemical products |
| | Warrant | | | | | | | | | | | 0.70% | | | | | | —(2) | | |
GHX Ultimate Parent Corporation,
Commerce Parent, Inc. and Commerce Topco, LLC 1315 W Century Drive Suite 100 Louisville, CO 80027 |
| |
On-demand supply
chain automation solutions provider to the healthcare industry |
| |
Second lien senior secured loan
|
| |
9.00% (Libor + 8.00%/Q)
|
| |
6/30/2025
|
| | | | | | | | | | 34.2 | | |
| Second lien senior secured loan | | |
9.00% (Libor + 8.00%/Q)
|
| |
6/30/2025
|
| | | | | | | | | | 54.5 | | | |||||
|
Series A preferred stock
|
| |
12.18% PIK (Libor + 10.75%/Q)
|
| | | | | | | 64.15% | | | | | | 160.4 | | | |||||
| Class A units | | | | | | | | | | | 1.34% | | | | | | 16.6 | | | |||||
Gordian Group, LLC
950 Third Avenue 17th Floor New York, NY 10022 |
| |
Provider of products,
services and software to organizations pursuing efficient and effective procurement and information solutions |
| | Common stock | | | | | | | | | | | 5.00% | | | | | | — | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
GPM Investments, LLC
8565 Magellan Parkway Suite 400 Richmond, VA 23227 |
| |
Convenience store operator
|
| |
First lien senior secured
loan |
| | | | |
3/1/2027
|
| | | | | | | | | | —(87) | | |
|
First lien senior secured
loan |
| |
6.25% (Libor + 4.75%/Q)
|
| |
3/1/2027
|
| | | | | | | | | | 27.0 | | | |||||
| Member units | | | | | | | | | | | 98.98% | | | | | | 20.3 | | | |||||
| Warrant | | | | | | | | | | | 98.98% | | | | | | —(2) | | | |||||
Graphpad Software, LLC
7825 Fay Avenue #230 La Jolla, CA 92037 |
| | Provider of data analysis, statistics, and visualization software solutions for scientific research applications | | |
First lien senior secured
revolving loan |
| | | | |
12/21/2023
|
| | | | | | | | | | —(88) | | |
Green Energy Partners,
Stonewall LLC and Panda Stonewall Intermediate Holdings II LLC 12 Paoli Pike Suite 5 Paoli, PA 19301 |
| |
Gas turbine power generation facilities operator
|
| |
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
11/13/2021
|
| | | | | | | | | | 12.3 | | |
|
Senior subordinated loan
|
| |
7.00% Cash, 6.25% PIK
|
| |
12/31/2021
|
| | | | | | | | | | 19.7 | | | |||||
|
Senior subordinated loan
|
| |
7.00% Cash, 6.25% PIK
|
| |
12/31/2021
|
| | | | | | | | | | 92.1 | | | |||||
Green Street Parent, LLC and
Green Street Intermediate Holdings, LLC 660 Newport Center Drive Suite 800 Newport Beach, CA 92660 |
| | Provider of REIT research data and analytics | | |
First lien senior secured
revolving loan |
| |
5.18% (Libor + 5.00%/Q)
|
| |
8/27/2025
|
| | | | | | | | | | 0.1(89) | | |
GTCR-Ultra Holdings III, LLC and
GTCR-Ultra Holdings LLC 12120 Sunset Hills Road 500 Reston, VA 20190 |
| |
Provider of payment processing and merchant acquiring solutions
|
| |
First lien senior secured
revolving loan |
| | | | |
8/1/2022
|
| | | | | | | | | | —(90) | | |
| Class B units | | | | | | | | | | | 0.82% | | | | | | — | | | |||||
| Class A-2 units | | | | | | | | | | | 0.83% | | | | | | 2.6 | | | |||||
H-Food Holdings, LLC and
Matterhorn Parent, LLC 3500 Lacey Road Suite 300 Downers Grove, IL 60515 |
| |
Food contract manufacturer
|
| |
Second lien senior secured loan
|
| |
7.18% (Libor + 7.00%/Q)
|
| |
3/2/2026
|
| | | | | | | | | | 70.1 | | |
| Common units | | | | | | | | | | | 0.43% | | | | | | 4.8 | | | |||||
HAI Acquisition Corporation and Aloha Topco, LLC
6600 Kalanianaole Hwy Suite 200 Honolulu, HI 96825 |
| |
Professional employer organization offering humanresources, compliance andrisk management services
|
| |
First lien senior secured
revolving loan |
| | | | |
11/1/2023
|
| | | | | | | | | | —(91) | | |
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
11/1/2024
|
| | | | | | | | | | 61.4 | | | |||||
| Class A units | | | | | | | | | | | 0.82% | | | | | | 2.6 | | | |||||
Halex Holdings, Inc.(4)
4200 Santa Ana Street Ontario, CA 91761 |
| | Manufacturer of flooring installation products | | | Common stock | | | | | | | | | | | 100.00% | | | | | | — | | |
Harvey Tool Company, LLC
428 Newburyport Turnpike Rowley, MA 01969 |
| |
Manufacturer of cutting
tools used in the metalworking industry |
| |
First lien senior secured
revolving loan |
| |
5.50% (Libor + 4.50%/M)
|
| |
10/12/2023
|
| | | | | | | | | | 5.1(92) | | |
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
10/11/2024
|
| | | | | | | | | | 30.2 | | | |||||
| Second lien senior secured loan | | |
9.72% (Libor + 8.50%/Q)
|
| |
10/12/2025
|
| | | | | | | | | | 43.7 | | | |||||
HCI Equity, LLC(4)(5) 2000 Avenue
of the Stars 12th Floor Los Angeles, CA 90067 |
| | Investment company | | | Member interest | | | | | | | | | | | 100.00% | | | | | | 0.1 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
HealthEdge Software, Inc.
3 Van de Graaff Drive Burlington, VT 01803 |
| |
Provider of financial, admin and clinical software platforms to the healthcare industry
|
| |
First lien senior secured
revolving loan |
| | | | |
4/9/2026
|
| | | | | | | | | | —(93) | | |
|
First lien senior secured
loan |
| | | | |
4/9/2026
|
| | | | | | | | | | —(94) | | | |||||
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
4/9/2026
|
| | | | | | | | | | 3.6 | | | |||||
Heelstone Renewable Energy, LLC(4)
1414 Raleigh Road Suite 210 Chapel Hill, NC 27517 |
| |
Provider of cloud based
IT solutions, infrastructure and services |
| | Preferred equity | | | | | | | | | | | 90.00% | | | | | | 23.6 | | |
Help/Systems Holdings, Inc.
6455 City West ParkWay Eden Prairie, MN 55344 |
| |
Provider of IT
operations management and cybersecurity software |
| |
First lien senior secured
revolving loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
11/19/2024
|
| | | | | | | | | | 4.9(95) | | |
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
11/19/2026
|
| | | | | | | | | | 25.8 | | | |||||
Hometown Food Company
500 W Madison street Chicago, IL 60661 |
| | Food distributor | | |
First lien senior secured
revolving loan |
| | | | |
8/31/2023
|
| | | | | | | | | | —(96) | | |
Huskies Parent, Inc.
170 Huyshope Avenue Hartford, CT 06106 |
| | Insurance software provider | | |
First lien senior secured
revolving loan |
| |
4.18% (Libor + 4.00%/Q)
|
| |
7/31/2024
|
| | | | | | | | | | 1.7(97) | | |
Hygiena Borrower LLC
941 Avenida Acaso Carmarillo, CA 93012 |
| |
Adenosine triphosphate
testing technology provider |
| |
First lien senior secured
revolving loan |
| | | | |
8/26/2022
|
| | | | | | | | | | —(98) | | |
| Second lien senior secured loan | | |
8.75% (Libor + 7.75%/Q)
|
| |
8/26/2023
|
| | | | | | | | | | 2.4 | | | |||||
| Second lien senior secured loan | | |
8.75% (Libor + 7.75%/Q)
|
| |
8/26/2023
|
| | | | | | | | | | 10.3 | | | |||||
|
Second lien senior secured loan
|
| |
8.75% (Libor + 7.75%/Q)
|
| |
8/26/2023
|
| | | | | | | | | | 10.8 | | | |||||
|
Second lien senior secured loan
|
| |
8.75% (Libor + 7.75%/Q)
|
| |
8/26/2023
|
| | | | | | | | | | 0.6 | | | |||||
IfByPhone Inc. 300 W. Adams Street
Suite 900 Chicago, IL 60606 |
| |
Voice-based marketing
automation software provider |
| | Warrant | | | | | | | | | | | 5.00% | | | | | | —(2) | | |
Imaging Business Machines, L.L.C.
and Scanner Holdings Corporation(4) 2750 Crestwood Blvd Birmingham, AL 35210 |
| |
Provider of high-speed
intelligent document scanning hardware and software |
| |
Senior subordinated loan
|
| |
14.00%
|
| |
6/15/2022
|
| | | | | | | | | | 8.3 | | |
| Senior subordinated loan | | |
14.00%
|
| |
6/15/2022
|
| | | | | | | | | | 8.3 | | | |||||
|
Series A preferred stock
|
| | | | | | | | | | 85.81% | | | | | | 26.7 | | | |||||
|
Class A common stock
|
| | | | | | | | | | 8.19% | | | | | | 0.1 | | | |||||
| Class B common stock | | | | | | | | | | | 8.19% | | | | | | 0.3 | | | |||||
IMIA Holdings, Inc.
7884 Spanish Fort Blvd Spanish Fort, AL 36527 |
| |
Marine preservation maintenance company
|
| |
First lien senior secured
revolving loan |
| | | | |
10/26/2024
|
| | | | | | | | | | —(99) | | |
| | | |
First lien senior secured
loan |
| |
5.50% (Libor + 4.50%/Q)
|
| |
10/26/2024
|
| | | | | | | | | | 17.5 | | | ||
Implus Footcare, LLC
2001 T.W. Alexander Drive Box 13925 Durham, NC 27709-3925 |
| |
Provider of footwear and other accessories
|
| |
First lien senior secured
loan |
| |
8.75% (Libor + 2.50% Cash,
5.25% PIK/Q)
|
| |
4/30/2024
|
| | | | | | | | | | 89.0 | | |
|
First lien senior secured
loan |
| |
8.75% (Libor + 2.50% Cash,
5.25% PIK/Q)
|
| |
4/30/2024
|
| | | | | | | | | | 12.2 | | | |||||
|
First lien senior secured
loan |
| |
8.75% (Libor + 2.50% Cash,
5.25% PIK/Q) |
| |
4/30/2024
|
| | | | | | | | | | 1.1 | | | |||||
|
First lien senior secured
loan |
| |
8.75% (Libor + 2.50% Cash,
5.25% PIK/Q) |
| |
4/30/2024
|
| | | | | | | | | | 4.3 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Infilaw Holding, LLC
1100 5th Avenue South Suite 301 Naples, FL 34102 |
| | Operator of for-profit law schools | | |
First lien senior secured
revolving loan |
| | | | |
9/30/2022
|
| | | | | | | | | | —(100) | | |
Infinite Electronics International, Inc.
17802 Fitch Irvine, CA 92614 |
| |
Manufacturer and distributor of radio frequency and microwave electronic components
|
| |
First lien senior secured
revolving loan |
| |
4.82% (Libor + 4.00%/Q)
|
| |
7/3/2023
|
| | | | | | | | | | 1.2(101) | | |
Infogix, Inc. and Infogix Parent Corporation
1240 E. Diehl Rd Suite 400 Naperville, IL 60563 |
| |
Enterprise data analytics
and integrity software solutions provider |
| |
First lien senior secured
revolving loan |
| |
8.00% (Libor + 7.00%/Q)
|
| |
4/30/2024
|
| | | | | | | | | | 5.1(102) | | |
|
Series A preferred stock
|
| | | | | | | | | | 1.47% | | | | | | 2.5 | | | |||||
| Common stock | | | | | | | | | | | 1.47% | | | | | | — | | | |||||
Inmar, Inc.
2601 Pilgrim CourtWinston Salem, NC 27106 |
| |
Technology-driven solutions provider for retailers, wholesalers and manufacturers
|
| |
First lien senior secured
loan |
| |
5.07% (Libor + 4.00%/Q)
|
| |
5/1/2024
|
| | | | | | | | | | 14.3 | | |
| Second lien senior secured loan | | |
9.07% (Libor + 8.00%/M)
|
| |
5/1/2025
|
| | | | | | | | | | 26.3 | | | |||||
Instituto de Banca y Comercio, Inc. & Leeds IV Advisors, Inc.
1660 Calle Santa Ana Santurce, PR 00909 Puerto Rico |
| |
Private school operator
|
| |
First lien senior secured
loan |
| |
10.50% (Libor + 9.00%/Q)
|
| |
10/31/2022
|
| | | | | | | | | | 1.2 | | |
|
First lien senior secured
loan |
| |
10.50% (Libor + 9.00%/Q)
|
| |
10/31/2022
|
| | | | | | | | | | 21.4 | | | |||||
|
Series B preferred stock
|
| | | | | | | | | | 5.00% | | | | | | — | | | |||||
|
Series C preferred stock
|
| | | | | | | | | | 3.98% | | | | | | — | | | |||||
|
Senior preferred series A-1 shares
|
| | | | | | | | | | 85.40% | | | | | | 16.0 | | | |||||
| Common stock | | | | | | | | | | | 4.02% | | | | | | — | | | |||||
InterVision Systems, LLC and InterVision Holdings, LLC
2270 Martin Avenue Santa Clara, CA 95050 |
| |
Solar power generation
facility developer and operator |
| |
First lien senior secured
loan |
| |
9.50% PIK (Libor + 8.50%/Q)
|
| |
5/31/2022
|
| | | | | | | | | | 43.4 | | |
|
Class A membership units
|
| | | | | | | | | | 2.50% | | | | | | — | | | |||||
IntraPac International LLC and IntraPac
Canada Corporation(5) 136 Fairview Road Suite 320 Mooresville, NC 28117 |
| |
Manufacturer of diversified packaging solutions and plastic injection molded products
|
| |
First lien senior secured
revolving loan |
| |
6.57% (Libor + 5.50%/Q)
|
| |
1/11/2025
|
| | | | | | | | | | 7.3(103) | | |
|
First lien senior secured
loan |
| |
6.57% (Libor + 5.50%/Q)
|
| |
1/11/2026
|
| | | | | | | | | | 6.7 | | | |||||
|
First lien senior secured
loan |
| |
6.57% (Libor + 5.50%/Q)
|
| |
1/11/2026
|
| | | | | | | | | | 20.4 | | | |||||
Invoice Cloud, Inc.
35 Braintree Hill Office Park Braintree, MA 02184 |
| |
Provider of electronic payment processing solutions
|
| |
First lien senior secured
revolving loan
|
| | | | |
2/11/2024
|
| | | | | | | | | | —(104) | | |
|
First lien senior secured
loan |
| | | | |
2/11/2024
|
| | | | | | | | | | —(105) | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor+ 3.25% Cash,
3.25% PIK/Q) |
| |
2/11/2024
|
| | | | | | | | | | 33.7 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 3.25% Cash,
3.25% PIK/Q) |
| |
2/11/2024
|
| | | | | | | | | | 13.7 | | | |||||
IRI Holdings, Inc., IRI Group
Holdings, Inc. and IRI Parent, L.P. 150 North Clinton Street Chicago, IL 60661 |
| |
Market research
company focused on the consumer packaged goods industry |
| |
First lien senior secured
loan |
| |
4.61% (Libor + 4.25%/Q)
|
| |
12/1/2025
|
| | | | | | | | | | 55.7 | | |
| Second lien senior secured loan | | |
8.36% (Libor + 8.00%/Q)
|
| |
11/30/2026
|
| | | | | | | | | | 83.3 | | | |||||
| Series A-1 preferred shares | | |
11.59% PIK (Libor + 10.50%/S)
|
| | | | | | | 23.45% | | | | | | 53.4 | | | |||||
|
Class A-1 common units
|
| | | | | | | | | | 1.26% | | | | | | 11.3 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Ivy Hill Asset Management, L.P.(4)(5)
245 Park Avenue 44th Floor New York, NY 10167 |
| |
Asset management services
|
| |
Senior subordinated loan
|
| |
7.25% (Libor + 6.50%/Q)
|
| |
5/18/2023
|
| | | | | | | | | | 150.0 | | |
| Member interest | | | | | | | | | | | 100.00% | | | | | | 517.7 | | | |||||
Javlin Three LLC, Javlin Four LLC,
and Javlin Five LLC(5) 1414 Harney Street Suite 440 Omaha, NE 68102 |
| | Asset-backed financial services company | | |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | 1.3 | | |
JDC Healthcare Management, LLC
3030 Lyndon B Johnson Fwy #1400 Dallas, TX 75231 |
| |
Dental services provider
|
| |
First lien senior secured
revolving loan |
| | | | |
4/11/2022
|
| | | | | | | | | | 3.1(106) | | |
|
First lien senior secured
loan |
| | | | |
4/10/2023
|
| | | | | | | | | | 22.5 | | | |||||
|
First lien senior secured
loan |
| | | | |
4/10/2023
|
| | | | | | | | | | 3.2 | | | |||||
Jenny C Acquisition, Inc. 5770 Fleet
Street Carlsbad, CA 92008 |
| | Health club franchisor | | |
Senior subordinated loan
|
| |
8.00% PIK
|
| |
4/3/2025
|
| | | | | | | | | | 1.2 | | |
Jim N Nicks Management, LLC
3755 Corporate Woods Drive Birmingham, AL 35242 |
| |
Restaurant owner and operator
|
| |
First lien senior secured
revolving loan |
| |
8.25% (Libor + 5.25% Cash,
2.00% PIK/Q) |
| |
7/10/2023
|
| | | | | | | | | | 4.3(107) | | |
| | | |
First lien senior secured
loan |
| |
8.25% (Libor + 5.25% Cash,
2.00% PIK/Q) |
| |
7/10/2023
|
| | | | | | | | | | 12.1 | | | ||
| | | |
First lien senior secured
loan |
| |
8.25% (Libor + 5.25% Cash,
2.00% PIK/Q) |
| |
7/10/2023
|
| | | | | | | | | | 1.0 | | | ||
Joule Unlimited Technologies, Inc.
and Stichting Joule Global Foundation(5) 18 Crosby Drive Bedford, MA 01730 |
| |
Renewable fuel and chemical production developer
|
| |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | — | | |
| Warrant | | | | | | | | | | | 0.99% | | | | | | —(2) | | | |||||
Joyce Lane Capital LLC and Joyce Lane Financing SPV LLC (fka Ciena Capital LLC)(4)(5)
1633 Broadway 39th Floor New York, NY 10019 |
| |
Specialty finance company
|
| |
First lien senior secured
loan |
| | | | |
12/27/2022
|
| | | | | | | | | | —(108) | | |
|
First lien senior secured
loan |
| |
4.31% (Libor + 4.00%/Q)
|
| |
12/27/2022
|
| | | | | | | | | | 0.6 | | | |||||
| Equity interests | | | | | | | | | | | 100.00% | | | | | | — | | | |||||
JWC/KI Holdings, LLC
1701 Crossroads Drive Odenton, MD 21113 |
| | Foodservice sales and marketing agency | | | Membership units | | | | | | | | | | | 5.13% | | | | | | 4.2 | | |
K2 Insurance Services, LLC and
K2 Holdco LP 11452 El Camino Real San Diego, CA 92130 |
| |
Specialty insurance and
managing general agency |
| |
First lien senior secured
revolving loan |
| | | | |
7/1/2024
|
| | | | | | | | | | —(109) | | |
|
First lien senior secured
loan |
| | | | |
7/1/2024
|
| | | | | | | | | | —(110) | | | |||||
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
7/1/2024
|
| | | | | | | | | | 51.7 | | | |||||
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
7/1/2024
|
| | | | | | | | | | 6.7 | | | |||||
| Common equity | | | | | | | | | | | 0.40% | | | | | | 1.1 | | | |||||
Kaufman, Hall & Associates, LLC
5202 Old Orchard Rd 700 Skokie, IL 60077 |
| |
Provider of specialty
advisory services and software solutions to the healthcare market |
| |
First lien senior secured
revolving loan |
| | | | |
11/9/2023
|
| | | | | | | | | | —(111) | | |
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
5/9/2025
|
| | | | | | | | | | 14.8 | | | |||||
KBHS Acquisition, LLC
(d/b/a Alita 160 Chubb Avenue Suite 206 Lyndhurst, NJ 07071 |
| |
Provider of behavioral health services
|
| |
First lien senior secured
revolving loan |
| |
6.00% (Libor + 4.00% Cash,
1.00% PIK/M) |
| |
3/17/2022
|
| | | | | | | | | | 2.0(112) | | |
KC Culinarte Intermediate, LLC
330 Lynnway Lynn, MA 01901 |
| |
Manufacturer of fresh refrigerated and frozen food products
|
| |
First lien senior secured
loan |
| |
4.75% (Libor + 3.75%/Q)
|
| |
8/25/2025
|
| | | | | | | | | | 23.3 | | |
| Second lien senior secured loan | | |
8.75% (Libor + 7.75%/Q)
|
| |
8/24/2026
|
| | | | | | | | | | 31.4 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Kellermeyer Bergensons Services, LLC
3605 Ocean Ranch Blvd Suite 200 Oceanside, CA 90256 |
| |
Provider of janitorial and facilities management services
|
| |
First lien senior secured
loan |
| | | | |
11/7/2026
|
| | | | | | | | | | —(113) | | |
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
11/7/2026
|
| | | | | | | | | | 29.2 | | | |||||
|
First lien senior secured
loan |
| |
7.73% (Libor + 6.50%/Q)
|
| |
11/7/2026
|
| | | | | | | | | | 6.4 | | | |||||
Kene Acquisition, Inc. and Kene
Holdings, L.P. 28100 Torch Parkway Suite 400 Warrenville, IL 60555 |
| |
National utility services
firm providing engineering and consulting services to natural gas, electric power and other energy and industrial end markets |
| |
First lien senior secured
revolving loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
8/8/2024
|
| | | | | | | | | | 0.5(114) | | |
|
First lien senior secured
revolving loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
8/8/2024
|
| | | | | | | | | | 0.9(114) | | | |||||
|
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
8/10/2026
|
| | | | | | | | | | 49.7 | | | |||||
| Class A units | | | | | | | | | | | 1.21% | | | | | | 4.3 | | | |||||
Key Surgical LLC
8101 Wallas Road Minneapolis, MN 55344 |
| |
Provider of sterile processing, operating room and instrument care supplies for hospitals
|
| |
First lien senior secured
revolving loan |
| | | | |
6/1/2022
|
| | | | | | | | | | —(115) | | |
|
First lien senior secured
loan |
| |
6.00% (EURIBOR + 5.00%/Q)
|
| |
6/1/2023
|
| | | | | | | | | | 15.9 | | | |||||
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
6/1/2023
|
| | | | | | | | | | 5.3 | | | |||||
KPS Global LLC and Cool Group LLC
4201 N Beach Street Fort Worth, TX 76137 |
| |
Manufacturer of walk-in cooler and freezer systems
|
| |
First lien senior secured
loan |
| |
7.56% (Libor + 6.56%/Q)
|
| |
4/5/2022
|
| | | | | | | | | | 4.1 | | |
|
First lien senior secured
loan |
| |
7.44% (Libor + 6.44%/M)
|
| |
4/5/2022
|
| | | | | | | | | | 15.2 | | | |||||
| Class A units | | | | | | | | | | | 1.60% | | | | | | 2.2 | | | |||||
Laboratories Bidco LLC
450 Lexington Avenue 32nd Floor New York, NY 10017 |
| |
Lab testing services for nicotine containing products
|
| |
First lien senior secured
revolving loan |
| | | | |
6/25/2024
|
| | | | | | | | | | —(116) | | |
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
6/25/2024
|
| | | | | | | | | | 29.0 | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
6/25/2024
|
| | | | | | | | | | 23.5 | | | |||||
LivaNova USA Inc.
100 Cyberonics Blvd Houston, TX 77058 |
| |
Medical device company
focused on treating cardiovascular and neurological diseases |
| |
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
6/30/2025
|
| | | | | | | | | | 41.2 | | |
LS DE LLC and LM LSQ Investors
LLC(5) 2600 Lucien Way Suite 100 Maitland, FL 32751 |
| |
Asset based lender
|
| |
Senior subordinated loan
|
| |
11.00%
|
| |
3/13/2024
|
| | | | | | | | | | 35.9 | | |
| Senior subordinated loan | | |
10.50%
|
| |
6/25/2021
|
| | | | | | | | | | 2.9 | | | |||||
| Membership units | | | | | | | | | | | 2.12% | | | | | | 3.9 | | | |||||
LTG Acquisition, Inc. 900 Klein Road Plano, TX 75074
|
| |
Designer and
manufacturer of display, lighting and passenger communication systems for mass transportation markets |
| |
Class A membership units
|
| | | | | | | | | | 5.08% | | | | | | — | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Mac Lean-Fogg Company and
MacLean-Fogg Holdings, L.L.C. 1000 Allanson Road Mundelein, IL 60060 |
| |
Manufacturer and supplier for the power utility and automotive markets worldwide
|
| |
First lien senior secured
revolving loan |
| |
2.75% (Libor + 2.50%/Q)
|
| |
12/21/2023
|
| | | | | | | | | | —(117) | | |
|
First lien senior secured
loan |
| | | | |
12/22/2025
|
| | | | | | | | | | —(118) | | | |||||
|
First lien senior secured
loan |
| |
5.18% (Libor + 5.00%/Q)
|
| |
12/22/2025
|
| | | | | | | | | | 141.5 | | | |||||
|
First lien senior secured
loan |
| |
5.18% (Libor + 5.00%/Q)
|
| |
12/22/2025
|
| | | | | | | | | | 10.6 | | | |||||
| Preferred units | | |
4.50% Cash, 9.25% PIK
|
| | | | | | | 79.27% | | | | | | 69.5 | | | |||||
Masergy Holdings, Inc.
2740 North Dallas Parkway Plano, TX 75093 |
| |
Provider of software-
defined solutions for enterprise global networks, cyber security, and cloud communications |
| |
First lien senior secured
revolving loan |
| |
3.69% (Libor + 3.50%/Q)
|
| |
12/15/2022
|
| | | | | | | | | | 0.4(119) | | |
Mavis Tire Express Services Corp. and 385 Saw Mill River Road
Suite 17 Millwood, Ny 10546 |
| |
Auto parts retailer Mavis Tire Express Services TopCo, L.P.
|
| |
First lien senior secured
loan |
| |
4.70% (Libor + 3.25%/Q)
|
| |
3/20/2025
|
| | | | | | | | | | 3.2 | | |
| Second lien senior secured loan | | | | | |
3/20/2026
|
| | | | | | | | | | —(120) | | | |||||
| Second lien senior secured loan | | |
8.50% (Libor + 7.50%/M)
|
| |
3/20/2026
|
| | | | | | | | | | 146.2 | | | |||||
| Second lien senior secured loan | | |
8.50% (Libor + 7.50%/Q)
|
| |
3/20/2026
|
| | | | | | | | | | 1.4 | | | |||||
| Second lien senior secured loan | | |
9.00% (Libor + 8.00%/Q)
|
| |
3/20/2026
|
| | | | | | | | | | 22.4 | | | |||||
| Class A units | | | | | | | | | | | 0.91% | | | | | | 10.1 | | | |||||
MB Aerospace Holdings II Corp.
39 Bradley Park Road East Granby, CT 06026 |
| |
Aerospace engine components manufacturer
|
| |
Second lien senior secured loan
|
| |
10.00% (Libor + 9.00%/M)
|
| |
1/22/2026
|
| | | | | | | | | | 61.6 | | |
| Second lien senior secured loan | | |
10.00% (Libor + 9.00%/Q)
|
| |
1/22/2026
|
| | | | | | | | | | 21.3 | | | |||||
MB2 Dental Solutions, LLC 2403 Lacy Lane Carrollton, TX 75006 | | |
Dental services provider
|
| |
First lien senior secured
revolving loan |
| |
5.82% (Libor + 4.75%/Q)
|
| |
9/29/2023
|
| | | | | | | | | | 4.3(121) | | |
MCH Holdings, Inc. and MC Acquisition
Holdings I, LLC 825 East Gate Blvd. Garden City, NY 11530 |
| |
Healthcare professional
provider |
| |
First lien senior secured
loan |
| |
7.75% (Base Rate + 4.50%/Q)
|
| |
7/17/2020
|
| | | | | | | | | | 0.8 | | |
|
First lien senior secured
loan |
| |
7.00% (Libor + 5.50%/Q)
|
| |
7/17/2020
|
| | | | | | | | | | 114.4 | | | |||||
| Class A units | | | | | | | | | | | 0.56% | | | | | | 1.2 | | | |||||
McKenzie Creative Brands, LLC
1910 Saint Luke Church Road Granite Quarry, NC 28072 |
| |
Designer, manufacturer
and distributor of hunting- related supplies |
| |
First lien senior secured
revolving loan |
| |
4.75% (Libor + 3.75%/Q)
|
| |
9/18/2023
|
| | | | | | | | | | 3.1(122) | | |
|
First lien senior secured
loan |
| |
6.82% (Libor + 5.75%/Q)
|
| |
9/18/2023
|
| | | | | | | | | | 81.9 | | | |||||
|
First lien senior secured
loan |
| |
6.80% (Libor + 5.75%/Q)
|
| |
9/18/2023
|
| | | | | | | | | | 5.3 | | | |||||
ME Equity LLC 14350 N 87th Street
Suite 200, 205 and 230 Scottdale, AZ 85260 |
| | Franchisor in the massage industry | | | Common stock | | | | | | | | | | | 1.62% | | | | | | 5.6 | | |
Micromeritics Instrument Corp.
4356 Communications Drive Norcross, GA 30093 |
| |
Scientific instrument manufacturer
|
| |
First lien senior secured
revolving loan |
| |
6.05% (Libor + 5.00%/Q)
|
| |
12/18/2025
|
| | | | | | | | | | 3.7(123) | | |
|
First lien senior secured
loan |
| |
6.07% (Libor + 5.00%/Q)
|
| |
12/18/2025
|
| | | | | | | | | | 30.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Microstar Logistics LLC, Microstar
Global Asset Management LLC, and MStar Holding Corporation 5299 DTC Blvd Suite 510 Greenwood Village, CO 80111 |
| |
Keg management solutions provider
|
| |
Second lien senior secured loan
|
| |
8.58% (Libor + 7.50%/M)
|
| |
7/31/2021
|
| | | | | | | | | | 108.4 | | |
| Common stock | | | | | | | | | | | 3.47% | | | | | | 3.6 | | | |||||
Minerva Surgical, Inc.
101 Saginaw Drive Redwood, CA 94063 |
| |
Medical device company
focused on women’s health |
| |
First lien senior secured
loan |
| | | | |
12/30/2022
|
| | | | | | | | | | —(124) | | |
|
First lien senior secured
loan |
| |
11.50% (Libor + 3.50% Cash,
6.00% PIK/Q) |
| |
12/30/2022
|
| | | | | | | | | | 29.9 | | | |||||
Ministry Brands, LLC and MB Parent HoldCo, L.P. (dba Community Brands)
14488 Old Stage Rd Lenoir City, TN 37772 |
| |
Software and payment
services provider to faith- based institutions |
| |
First lien senior secured
revolving loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
12/2/2022
|
| | | | | | | | | | 6.1(125) | | |
|
First lien senior secured
loan |
| |
5.00% (Libor + 4.00%/M)
|
| |
12/2/2022
|
| | | | | | | | | | 8.9 | | | |||||
|
First lien senior secured
loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
12/2/2022
|
| | | | | | | | | | 4.6 | | | |||||
| Second lien senior secured loan | | |
10.25% (Libor + 9.25%/M)
|
| |
6/2/2023
|
| | | | | | | | | | 87.3 | | | |||||
| Second lien senior secured loan | | |
10.25% (Libor + 9.25%/M)
|
| |
6/2/2023
|
| | | | | | | | | | 16.1 | | | |||||
| Second lien senior secured loan | | |
10.25% (Libor + 9.25%/M)
|
| |
6/2/2023
|
| | | | | | | | | | 8.9 | | | |||||
| Second lien senior secured loan | | |
10.25% (Libor + 9.25%/M)
|
| |
6/2/2023
|
| | | | | | | | | | 4.6 | | | |||||
| Second lien senior secured loan | | |
10.25% (Libor + 9.25%/M)
|
| |
6/2/2023
|
| | | | | | | | | | 17.4 | | | |||||
| Second lien senior secured loan | | |
9.00% (Libor + 8.00%/Q)
|
| |
6/2/2023
|
| | | | | | | | | | 9.8 | | | |||||
| Second lien senior secured loan | | |
9.00% (Libor + 8.00%/Q)
|
| |
6/2/2023
|
| | | | | | | | | | 36.7 | | | |||||
| Class A units | | | | | | | | | | | 0.55% | | | | | | 4.6 | | | |||||
Movati Athletic (Group) Inc.(5)
33 University Avenue Windsor, ON N9A 5N8 Canada |
| |
Premier health club operator
|
| |
First lien senior secured
loan |
| | | | |
10/5/2022
|
| | | | | | | | | | —(126) | | |
|
First lien senior secured
loan |
| |
8.00% (CDOR + 6.00% Cash, 0.50% PIK/Q)
|
| |
10/5/2022
|
| | | | | | | | | | 2.6 | | | |||||
|
First lien senior secured
loan |
| |
8.00% (CDOR + 6.00% Cash, 0.50% PIK/Q)
|
| |
10/5/2022
|
| | | | | | | | | | 1.9 | | | |||||
MPH Energy Holdings, LP 225 S. Main Street Rutland, VT 05701 | | | Operator of municipal recycling facilities | | | Limited partnership interest | | | | | | | | | | | 3.13% | | | | | | — | | |
MRI Software
28925 Fountain Parkway Solon, OH 44139 |
| |
Provider of real estate and investment management software
|
| |
First lien senior secured
revolving loan |
| | | | |
2/10/2026
|
| | | | | | | | | | —(127) | | |
|
First lien senior secured
loan |
| | | | |
2/10/2026
|
| | | | | | | | | | —(128) | | | |||||
|
First lien senior secured
loan |
| |
6.57% (Libor + 5.50%/Q)
|
| |
2/10/2026
|
| | | | | | | | | | 46.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
MSHC, Inc. 214 N Tryon Street
Suite 2425 Charlotte, NC 28202 |
| |
Heating, ventilation and
air conditioning services provider |
| |
First lien senior secured
revolving loan |
| |
4.43% (Libor + 4.25%/Q)
|
| |
12/31/2024
|
| | | | | | | | | | 0.8(129) | | |
|
First lien senior secured
loan |
| | | | |
12/31/2024
|
| | | | | | | | | | —(130) | | | |||||
|
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
12/31/2024
|
| | | | | | | | | | 0.5 | | | |||||
|
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
12/31/2024
|
| | | | | | | | | | — | | | |||||
|
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
12/31/2024
|
| | | | | | | | | | 0.8 | | | |||||
| Second lien senior secured loan | | | | | |
12/31/2025
|
| | | | | | | | | | —(131) | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
12/31/2025
|
| | | | | | | | | | 2.8 | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
12/31/2025
|
| | | | | | | | | | 6.6 | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
12/31/2025
|
| | | | | | | | | | 45.1 | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
12/31/2025
|
| | | | | | | | | | 4.7 | | | |||||
|
Second lien senior secured loan
|
| |
9.25% (Libor + 8.25%/Q)
|
| |
12/31/2025
|
| | | | | | | | | | 25.9 | | | |||||
Murchison Oil and Gas, LLC and
Murchison Holdings, LLC 7250 Legacy Tower One, Dallas Parkway Suite 1400 Plano, TX 75024 |
| |
Exploration and production company
|
| |
First lien senior secured
loan |
| |
11.00% (Libor + 9.00%/Q)
|
| |
10/26/2023
|
| | | | | | | | | | 10.1 | | |
|
First lien senior secured
loan |
| |
10.00% (Libor + 8.00%/Q)
|
| |
10/26/2023
|
| | | | | | | | | | 34.1 | | | |||||
| Preferred units | | | | | | | | | | | 33.33% | | | | | | 19.5 | | | |||||
MVL Group, Inc.(4)
1061 E. Indiantown Road Suite 300 Jupiter, FL 33477 |
| | Marketing research provider | | | Common stock | | | | | | | | | | | 56.10% | | | | | | — | | |
MW Dental Holding Corp. 680 Hehli Way
PO Box 69 Mondovi, WI 54755 |
| |
Dental services provider
|
| |
First lien senior secured
revolving loan |
| |
8.25% (Libor + 6.75%/Q)
|
| |
4/12/2021
|
| | | | | | | | | | 9.6(132) | | |
|
First lien senior secured
loan |
| |
8.25% (Libor + 6.75%/Q)
|
| |
4/12/2021
|
| | | | | | | | | | 141.0 | | | |||||
n2y Holding, LLC
909 University Drive South Huron, OH 44839 |
| |
Developer of cloud-
based special education platform |
| |
First lien senior secured
revolving loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
11/15/2025
|
| | | | | | | | | | 0.1(133) | | |
Napa Management Services Corporation
and ASP NAPA Holdings, LLC 68 South Service Road Suite 350 Melville, NY 11747 |
| |
Anesthesia management
services provider |
| |
Second lien senior secured loan
|
| |
12.00% PIK (Libor + 11.00%/Q)
|
| |
10/19/2023
|
| | | | | | | | | | 64.1 | | |
| Preferred units | | |
15.00% PIK
|
| | | | | | | 0.67% | | | | | | 0.1 | | | |||||
| Senior preferred units | | |
8.00% PIK
|
| | | | | | | 0.66% | | | | | | 0.3 | | | |||||
| Class A units | | | | | | | | | | | 0.68% | | | | | | 0.4 | | | |||||
NAS, LLC, Nationwide Marketing
Group, LLC and Nationwide Administrative Services, Inc. 110 Oakwood Drive Suite 200 Winston- Salem, NC 27103 |
| |
Buying and marketing
services organization for appliance, furniture and consumer electronics dealers |
| |
Second lien senior secured loan
|
| |
10.82% (Libor + 9.75%/Q)
|
| |
12/1/2021
|
| | | | | | | | | | 31.1 | | |
National Intergovernmental Purchasing Alliance Company 840 Crescent Centre Dr #600 Franklin, TN 37067
|
| |
Leading group
purchasing organization (“GPO”) for public agencies and educational institutions in the U.S |
| |
First lien senior secured
revolving loan |
| |
3.81% (Libor + 3.50%/Q)
|
| |
5/23/2023
|
| | | | | | | | | | 8.8(134) | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Navisun LLC and Navisun
Holdings LLC(4) 39 Grace Street New Canaan, CT 06840 |
| |
Owner and operater of
commercial and industrial solar projects |
| |
First lien senior secured
loan |
| | | | |
11/15/2023
|
| | | | | | | | | | —(135) | | |
|
First lien senior secured
loan |
| |
8.00% PIK
|
| |
11/15/2023
|
| | | | | | | | | | 51.8 | | | |||||
| | | |
First lien senior secured
loan |
| |
9.00% PIK
|
| |
11/15/2023
|
| | | | | | | | | | 14.4 | | | ||
| | | |
First lien senior secured
loan |
| |
8.00% PIK
|
| |
11/15/2023
|
| | | | | | | | | | 36.3 | | | ||
| | | | Series A preferred | | |
10.50% PIK
|
| | | | | | | 100.00% | | | | | | 11.7 | | | ||
| | | | Class A units | | | | | | | | | | | 55.00% | | | | | | 0.5 | | | ||
NECCO Holdings, Inc. and New England Confectionery
Company, Inc.(4) 135 American Legion Revere, MA 02151 |
| |
Producer and supplier of candy
|
| |
First lien senior secured
revolving loan |
| | | | | | | | | | | | | | | | 2.9(136) | | |
| | | |
First lien senior secured
loan |
| | | | |
11/7/2021
|
| | | | | | | | | | 1.6 | | | ||
| | | |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | — | | | ||
| | | |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | 0.1 | | | ||
| | | | Common stock | | | | | | | | | | | 100.00% | | | | | | — | | | ||
NECCO Realty Investments LLC(4)
135 American Legion Highway Revere, MA 02151 |
| | Real estate holding company | | | Membership units | | | | | | | | | | | 100.00% | | | | | | — | | |
Nelipak Holding Company,
Nelipak European Holdings Cooperatief U.A., KNPAK Holdings, LP and PAKNK Netherlands Treasury B.V.(5) 21 Amflex Drive Cranston, RI 02921 |
| |
Manufacturer of thermoformed packaging for medical devices
|
| |
First lien senior secured
revolving loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
7/2/2024
|
| | | | | | | | | | 0.5(137) | | |
|
First lien senior secured
revolving loan |
| |
4.50% (Euribor + 4.50%/Q)
|
| |
7/2/2024
|
| | | | | | | | | | —(138) | | | |||||
| | | |
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
7/2/2026
|
| | | | | | | | | | 14.6 | | | ||
| | | |
First lien senior secured
loan |
| |
4.50% (Euribor + 4.50%/Q)
|
| |
7/2/2026
|
| | | | | | | | | | 5.0 | | | ||
| | | |
First lien senior secured
loan |
| |
4.50% (Euribor + 4.50%/Q)
|
| |
7/2/2026
|
| | | | | | | | | | 23.8 | | | ||
| | | | Class A units | | | | | | | | | | | 1.46% | | | | | | 5.4 | | | ||
NM GRC Holdco, LLC 1370 Broadway
12th FLoor New York, NY 10018 |
| |
Regulatory compliance
services provider to financial institutions |
| |
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
2/9/2024
|
| | | | | | | | | | 33.4 | | |
|
First lien senior secured
loan |
| |
8.50% (Libor + 6.00% Cash,
1.50% PIK/Q) |
| |
2/9/2024
|
| | | | | | | | | | 8.9 | | | |||||
NMC Skincare Intermediate Holdings II, LLC
5200 New Horizons Blvd Amityville, NY 11701 |
| |
Developer, manufacturer and marketer of skincare products
|
| |
First lien senior secured
revolving loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
10/31/2024
|
| | | | | | | | | | 5.5(139) | | |
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
10/31/2024
|
| | | | | | | | | | 23.3 | | | |||||
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
10/31/2024
|
| | | | | | | | | | 7.8 | | | |||||
NMN Holdings III Corp. and
NMN Holdings LP 155 Franklin Road Brentwood, TN 37027 |
| |
Provider of complex rehab technology solutions for patients with mobility loss
|
| |
First lien senior secured
revolving loan |
| | | | |
11/13/2023
|
| | | | | | | | | | —(140) | | |
| Partnership units | | | | | | | | | | | 0.76% | | | | | | 3.6 | | | |||||
Nodality, Inc.
170 Harbor Way Suite 200 San Francisco, CA 94080 |
| |
Biotechnology company
|
| |
First lien senior secured
loan |
| | | | | | | | | | | | | | | | — | | |
| | | |
First lien senior secured
loan |
| | | | |
8/5/2020
|
| | | | | | | | | | — | | | ||
| | | | Warrant | | | | | | | | | | | 51.00% | | | | | | —(2) | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Nordco Inc. 245 West Forest Hill Avenue Oak Creek, WI 53154 | | |
Manufacturer of
railroad maintenance-of- way machinery |
| |
First lien senior secured
revolving loan |
| | | | |
12/31/2022
|
| | | | | | | | | | —(141) | | |
Novetta Solutions, LLC
7921 Jones Branch Drive 5th Floor McLean, VA 22102 |
| |
Provider of advanced
analytics solutions for the government, defense and commercial industries |
| |
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
10/17/2022
|
| | | | | | | | | | 8.3 | | |
| | | Second lien senior secured loan | | |
9.50% (Libor + 8.50%/M)
|
| |
10/16/2023
|
| | | | | | | | | | 30.1 | | | |||
NSM Insurance Group, LLC 555 North Lane
Suite 6060 Conshohocken, PA 19428 |
| | Insurance program administrator | | |
First lien senior secured
loan |
| |
7.14% (Libor + 5.75%/Q)
|
| |
5/11/2026
|
| | | | | | | | | | 13.0 | | |
nThrive, Inc. (fka Precyse
Acquisition Corp.) 100 North Point Center East Suite 200 Alpharetta, GA 30022 |
| |
Provider of healthcare
information management technology and services |
| | Second lien senior secured loan | | |
10.75% (Libor + 9.75%/M)
|
| |
4/20/2023
|
| | | | | | | | | | 8.5 | | |
NueHealth Performance, LLC
11221 Roe Ave Suite 300 Leawood, KS 66211 |
| |
Developer, builder and manager of specialty surgical hospitals and ambulatory surgery centers
|
| |
First lien senior secured
revolving loan |
| | | | |
9/27/2023
|
| | | | | | | | | | —(142) | | |
|
First lien senior secured
loan |
| |
8.25% (Libor + 7.25%/Q)
|
| |
9/27/2023
|
| | | | | | | | | | 10.8 | | | |||||
|
First lien senior secured
loan |
| |
8.25% (Libor + 7.25%/Q)
|
| |
9/27/2023
|
| | | | | | | | | | 1.4 | | | |||||
OHA Credit Partners XI(5)
190 Elgin Avenue George Town, Grand Cayman KY1-9005 Cayman Islands |
| | Investment vehicle | | | Subordinated notes | | |
15.00%
|
| |
1/20/2032
|
| | | | | | | | | | 11.9 | | |
Olympia Acquisition, Inc. and Olympia TopCo, L.P.
1780 Kendarbren Drive Jamison, PA 18929 |
| |
Behavioral health and special education platform provider
|
| |
First lien senior secured
revolving loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
9/24/2024
|
| | | | | | | | | | 9.6(143) | | |
|
First lien senior secured
loan |
| | | | |
9/24/2026
|
| | | | | | | | | | —(144) | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
9/24/2026
|
| | | | | | | | | | 40.6 | | | |||||
| Class A common units | | | | | | | | | | | 3.12% | | | | | | 7.8 | | | |||||
OMH-HealthEdge Holdings, LLC 2424 North Federal Highway
Suite 205 Boca Raton, FL 33431 |
| |
Revenue cycle management software provider for healthcare companies
|
| |
First lien senior secured
revolving loan |
| | | | |
10/24/2024
|
| | | | | | | | | | —(145) | | |
|
First lien senior secured
loan |
| |
6.57% (Libor + 5.50%/Q)
|
| |
10/24/2025
|
| | | | | | | | | | 26.2 | | | |||||
OSYS Holdings, LLC
15950 Dallas Parkway Suite 350 Dallas, TX 75248 |
| |
Provider of technology-
enabled solutions to pharmacies |
| | Limited liability company membership interest | | | | | | | | | | | 1.57% | | | | | | 0.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
OTG Management, LLC
352 Park Avenue South New York, NY 10010 |
| |
Airport restaurant operator
|
| |
First lien senior secured
revolving loan |
| |
10.19% (Libor + 9.00%/Q)
|
| |
8/26/2021
|
| | | | | | | | | | 8.7(146) | | |
|
First lien senior secured
loan |
| |
10.00% (Libor + 9.00%/Q)
|
| |
8/26/2021
|
| | | | | | | | | | 20.5 | | | |||||
|
First lien senior secured
loan |
| |
10.43% (Libor + 9.00%/Q)
|
| |
8/26/2021
|
| | | | | | | | | | 84.9 | | | |||||
|
First lien senior secured
loan |
| |
10.03% (Libor + 9.00%/Q)
|
| |
8/26/2021
|
| | | | | | | | | | 8.3 | | | |||||
| Senior subordinated loan | | |
13.00% PIK
|
| |
2/26/2022
|
| | | | | | | | | | 29.3 | | | |||||
|
Class A preferred units
|
| | | | | | | | | | 20.00% | | | | | | 23.5 | | | |||||
| Common units | | | | | | | | | | | 3.79% | | | | | | — | | | |||||
| Warrant | | | | | | | | | | | 8.33% | | | | | | —(2) | | | |||||
OUTFRONT Media Inc.(5) 405 Lexington Avenue
14th Floor New York, NY 10174 |
| |
Provider of out-of-home
advertising |
| |
Series A convertible perpetual preferred stock
|
| |
7.00% PIK
|
| | | | | | | 0.86% | | | | | | 31.5 | | |
Panda Temple Power, LLC and
T1 Power Holdings LLC(3) 2892 Panda Drive Temple, TX 76501 |
| |
Gas turbine power generation facilities operator
|
| |
Second lien senior secured loan
|
| |
9.00% PIK (Libor + 8.00%/M)
|
| |
2/7/2023
|
| | | | | | | | | | 10.3 | | |
|
Class A Common units
|
| | | | | | | | | | 6.16% | | | | | | 9.1 | | | |||||
Park Place Technologies, LLC 5910 Landerbrook Drive
Mayfield Heights, OH 44124 |
| |
Provides hardware
maintenance and support services for IT data centers |
| |
First lien senior secured
revolving loan |
| |
4.19% (Libor + 4.00%/Q)
|
| |
3/29/2023
|
| | | | | | | | | | 1.5(147) | | |
Partnership Capital Growth Investors III, L.P.(5)
1 Embarcadero Center Suite 3810 San Francisco, CA 94111 |
| |
Investment partnership
|
| | Limited partnership interest | | | | | | | | | | | 2.50% | | | | | | 4.2 | | |
Pathway Vet Alliance LLC and
Jedi Group Holdings LLC 3930 Bee Cave Road Suite 9 Austin, TX 78746 |
| |
Veterinary hospital operator
|
| |
First lien senior secured
revolving loan |
| | | | |
3/31/2025
|
| | | | | | | | | | —(148) | | |
|
Second lien senior secured loan
|
| |
8.75% (Libor + 7.75%/Q)
|
| |
3/31/2028
|
| | | | | | | | | | 74.8 | | | |||||
| Class R common units | | | | | | | | | | | 0.76% | | | | | | 6.8 | | | |||||
PayNearMe, Inc.
292 Gibralter Drive Suite 104 Sunnyvale, CA 94089 |
| |
Electronic cash payment
system provider |
| | Warrant | | | | | | | | | | | 1.11% | | | | | | —(2) | | |
PaySimple, Inc.
1855 Blake Street Suite 210 Denver, CO 80202 |
| | Provider of business management solutions | | |
First lien senior secured
revolving loan |
| |
5.69% (Libor + 5.50%/Q)
|
| |
8/23/2024
|
| | | | | | | | | | 6.4(149) | | |
PCG-Ares Sidecar Investment II, L.P.(3)(5)
1 Embarcadero Center Suite 3810 San Francisco, CA 94111 |
| |
Investment partnership
|
| | Limited partnership interest | | | | | | | | | | | 100.00% | | | | | | 12.3 | | |
PCG-Ares Sidecar Investment, L.P.(3)(5)
1 Embarcadero Center Suite 3810 San Francisco, CA 94111 |
| |
Investment partnership
|
| | Limited partnership interest | | | | | | | | | | | 100.00% | | | | | | 0.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
PDI TA Holdings, Inc., Peachtree Parent, Inc. and Insight PDI Holdings, LLC
4001 Central Pointe Parkway Temple, TX 76504 |
| |
Provider of enterprise
management software for the convenience retail and petroleum wholesale market |
| |
First lien senior secured
revolving loan |
| |
5.51% (Libor + 4.50%/Q)
|
| |
10/24/2024
|
| | | | | | | | | | 5.5(150) | | |
|
First lien senior secured
loan |
| |
5.51% (Libor + 4.50%/Q)
|
| |
10/24/2024
|
| | | | | | | | | | 52.7 | | | |||||
| Second lien senior secured loan | | |
9.52% (Libor + 8.50%/Q)
|
| |
10/24/2025
|
| | | | | | | | | | 67.3 | | | |||||
| Series A preferred shares | | |
13.25% PIK
|
| | | | | | | 7.64% | | | | | | 15.5 | | | |||||
| Class A units | | | | | | | | | | | 0.25% | | | | | | 1.9 | | | |||||
Pegasus Global Enterprise Holdings,
LLC, Mekone Blocker Acquisition, Inc. and Mekone Parent, LLC 1101 Haynes Street #219 Raleigh, NC 27604 |
| |
Provider of plant maintenance and scheduling software
|
| |
First lien senior secured
revolving loan |
| | | | |
5/29/2025
|
| | | | | | | | | | —(151) | | |
|
First lien senior secured
loan |
| | | | |
5/29/2025
|
| | | | | | | | | | —(152) | | | |||||
|
First lien senior secured
loan |
| |
6.82% (Libor + 5.75%/Q)
|
| |
5/29/2025
|
| | | | | | | | | | 19.5 | | | |||||
|
First lien senior secured
loan |
| |
6.93% (Libor + 5.75%/Q)
|
| |
5/29/2025
|
| | | | | | | | | | 5.7 | | | |||||
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
5/29/2025
|
| | | | | | | | | | 5.7 | | | |||||
| Class A units | | | | | | | | | | | 0.75% | | | | | | 7.2 | | | |||||
Pelican Products, Inc.
23215 Early Avenue Torrance, CA 90505 |
| | Flashlights manufacturer | | | Second lien senior secured loan | | |
8.75% (Libor + 7.75%/Q)
|
| |
5/1/2026
|
| | | | | | | | | | 26.0 | | |
Penn Virginia Holding Corp.(5) 14701 St. Mary’s Lane
Suite 275 Houston, TX 77079 |
| | Exploration and production company | | | Second lien senior secured loan | | |
8.00% (Libor + 7.00%/M)
|
| |
9/29/2022
|
| | | | | | | | | | 67.6 | | |
PERC Holdings 1 LLC
2215 So. York Road Suite 202 Oak Brook, IL 60523 |
| | Operator of recycled energy, combined heat and power, and energy efficiency facilities | | | Class B common units | | | | | | | | | | | 18.94% | | | | | | 12.2 | | |
Perforce Software, Inc.
400 North 1st Avenue Suite 200 Minneapolis, MN 55401 |
| |
Developer of software used for application development
|
| |
First lien senior secured
revolving loan |
| |
4.43% (Libor + 4.25%/Q)
|
| |
7/1/2024
|
| | | | | | | | | | 0.1(153) | | |
Performance Health Supply, Inc. 28100 Torch Parkway
Suite 700 Warrenville, IL 60555 |
| | Distributor of rehabilitation supplies and equipment | | | Second lien senior secured loan | | |
11.50% PIK (Libor + 10.50%/S)
|
| |
8/28/2023
|
| | | | | | | | | | 63.7 | | |
Petroleum Service Group LLC
201 Route 17 North Rutherford, NJ 07070 |
| |
Provider of operational
services for US petrochemical and refining companies |
| |
First lien senior secured
revolving loan |
| | | | |
7/23/2025
|
| | | | | | | | | | —(154) | | |
|
First lien senior secured
loan |
| | | | |
7/23/2025
|
| | | | | | | | | | —(155) | | | |||||
|
First lien senior secured
loan |
| |
6.29% (Libor + 5.25%/Q)
|
| |
7/23/2025
|
| | | | | | | | | | 35.4 | | | |||||
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
7/23/2025
|
| | | | | | | | | | 0.7 | | | |||||
PetVet Care Centers, LLC One Gorham Island
Westport, CT 06880 |
| |
Veterinary hospital operator
|
| |
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
2/14/2025
|
| | | | | | | | | | 25.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
PHNTM Holdings, Inc. and Planview
Parent, Inc. 12301 Research Blvd, Research Park Plaza V Suite 101 Austin, TX 78759 |
| |
Provider of project and
portfolio management software |
| |
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
1/27/2023
|
| | | | | | | | | | 21.9 | | |
|
Class A common shares
|
| | | | | | | | | | 0.19% | | | | | | 1.7 | | | |||||
|
Class B common shares
|
| | | | | | | | | | 0.19% | | | | | | 0.3 | | | |||||
PhyMED Management LLC
110 29th Avenue North Suite 301 Nashville, TN 37203 |
| | Provider of anesthesia services | | | Second lien senior secured loan | | |
9.83% (Libor + 8.75%/Q)
|
| |
5/18/2021
|
| | | | | | | | | | 39.2 | | |
Pillar Processing LLC and PHL Investors, Inc.(4)
50 Weston Street Hartford, CT 06120 |
| | Mortgage services | | |
Class A common stock
|
| | | | | | | | | | 100.00% | | | | | | — | | |
Pine Holdings, Inc.
410 N Milwaukee Chicago, IL 60654 |
| |
Retailer of fine and
artisanal paper products |
| |
Class A common stock
|
| | | | | | | | | | 3.64% | | | | | | — | | |
Piper Jaffray Merchant Banking Fund I, L.P.(5 )
800 Nicollet Mall Suite 800 Minneapolis, MN 55402 |
| |
Investment partnership
|
| |
Limited partnership interest
|
| | | | | | | | | | 2.00% | | | | | | 1.4 | | |
Plantation Products, LLC, Seed
Holdings, Inc. and Flora Parent, Inc. 202 South Washington Street Norton, MA 02766 |
| |
Provider of branded lawn and garden products
|
| |
Second lien senior secured loan
|
| |
9.25% (Libor + 8.25%/Q)
|
| |
5/12/2023
|
| | | | | | | | | | 66.0 | | |
| Common stock | | | | | | | | | | | 2.56% | | | | | | 5.7 | | | |||||
Plaskolite PPC Intermediate II LLC
and Plaskolite PPC Blocker LLC 400 W Nationwide Blvd Suite 400 Columbus, OH 43215 |
| |
Manufacturer of specialized acrylic and polycarbonate sheets
|
| |
First lien senior secured
loan |
| |
5.25% (Libor + 4.25%/Q)
|
| |
12/15/2025
|
| | | | | | | | | | 11.7 | | |
| Second lien senior secured loan | | |
8.75% (Libor + 7.75%/Q)
|
| |
12/14/2026
|
| | | | | | | | | | 52.9 | | | |||||
| Co-Invest units | | | | | | | | | | | 0.09% | | | | | | 0.4 | | | |||||
Poplicus Incorporated
1061 Market Street Floor 6 San Francisco, CA 94103 |
| |
Business intelligence and
market analytics platform for companies that sell to the public sector |
| | Warrant | | | | | | | | | | | 3.23% | | | | | | —(2) | | |
Portillo’s Holdings, LLC
2001 Spring Road Suite 500 Oak Brook, IL 60523 |
| |
Fast casual restaurant brand
|
| |
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
9/6/2024
|
| | | | | | | | | | 4.3 | | |
|
Second lien senior secured loan
|
| |
10.75% (Libor + 9.50%/Q)
|
| |
12/6/2024
|
| | | | | | | | | | 32.3 | | | |||||
PosiGen Backleverage, LLC
and PosiGen, Inc. 2424 Edenborn Avenue Suite 550 Metairie, LA 70001 |
| |
Seller and leaser of solar
power systems for residential and commercial customers |
| |
First lien senior secured
loan |
| | | | |
1/30/2023
|
| | | | | | | | | | —(156) | | |
|
First lien senior secured
loan |
| |
8.75% (Libor + 6.75%/Q)
|
| |
1/30/2023
|
| | | | | | | | | | 41.7 | | | |||||
| Warrant | | | | | | | | | | | 0.76% | | | | | | —(2) | | | |||||
Premise Health Holding Corp. and OMERS
Bluejay Investment Holdings LP 5500 Maryland Way 400 Brentwood, TN 37027 |
| |
Provider of employer-
sponsored onsite health and wellness clinics and pharmacies |
| |
First lien senior secured
revolving loan |
| |
3.64% (Libor + 3.25%/Q)
|
| |
7/10/2023
|
| | | | | | | | | | 20.2(157) | | |
|
First lien senior secured
loan |
| | | | |
7/10/2025
|
| | | | | | | | | | —(158) | | | |||||
|
First lien senior secured
loan |
| |
3.81% (Libor + 3.50%/Q)
|
| |
7/10/2025
|
| | | | | | | | | | 10.4 | | | |||||
|
Second lien senior secured loan
|
| |
7.83% (Libor + 7.50%/Q)
|
| |
7/10/2026
|
| | | | | | | | | | 65.1 | | | |||||
| Class A units | | | | | | | | | | | 1.53% | | | | | | 11.4 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Primrose Holding Corporation(3)
3660 Cedarcrest Road Acworth, GA 30101 |
| |
Franchisor of education-
based early childhood centers |
| | Common stock | | | | | | | | | | | 8.46% | | | | | | 17.1 | | |
Production Resource Group, L.L.C.
200 Business Parl Dr. Suite 109 Armonk, NY 10504 |
| |
Provider of rental equipment, labor, production management, scenery, and other products to various entertainment end-markets
|
| |
First lien senior secured
loan |
| | | | |
8/21/2024
|
| | | | | | | | | | 50.5 | | |
Project Alpha Intermediate Holding,
Inc. and Qlik Parent, Inc. 150 N. Radnor Chester Road Suite E220 Radnor, PA 19087 |
| |
Provider of data visualization software for data analytics
|
| |
Class A common shares
|
| | | | | | | | | | 0.42% | | | | | | 10.9 | | |
|
Class B common shares
|
| | | | | | | | | | 0.42% | | | | | | 0.1 | | | |||||
Project Potter Buyer, LLC and Project Potter Parent, L.P.
1800 International Park Drive Suite 400 Birmingham, AL 35243 |
| |
Software solutions provider to the ready-mix concrete industry
|
| |
First lien senior secured
revolving loan |
| | | | |
4/23/2026
|
| | | | | | | | | | —(159) | | |
|
First lien senior secured
loan |
| |
9.25% (Libor + 8.25%/Q)
|
| |
4/23/2027
|
| | | | | | | | | | 44.3 | | | |||||
| Class A units | | |
9.00% PIK
|
| | | | | | | 0.58% | | | | | | 1.6 | | | |||||
| Class B units | | | | | | | | | | | 0.70% | | | | | | — | | | |||||
ProVation Medical, Inc.
800 Washington Avenue North Suite 400 Minneapolis, MN 55401 |
| |
Provider of documentation and coding software for GI physicians
|
| |
First lien senior secured
loan |
| |
7.18% (Libor + 7.00%/Q)
|
| |
3/8/2024
|
| | | | | | | | | | 12.7 | | |
Puerto Rico Waste Investment LLC
PO Box 1322 Gurabo, 00778 Puerto Rico |
| |
Waste management service provider
|
| |
First lien senior secured
revolving loan |
| | | | |
9/20/2024
|
| | | | | | | | | | —(160) | | |
|
First lien senior secured
loan |
| |
8.50% (Libor + 7.00%/Q)
|
| |
9/20/2024
|
| | | | | | | | | | 30.3 | | | |||||
Pyramid Management Advisors, LLC and Pyramid Investors, LLC
1 Post Office Square Suite 1900 Boston, MA 02109 |
| |
Hotel operator
|
| |
First lien senior secured
revolving loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
7/15/2023
|
| | | | | | | | | | 8.7(161) | | |
|
First lien senior secured
loan |
| | | | |
7/15/2023
|
| | | | | | | | | | —(162) | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
7/15/2023
|
| | | | | | | | | | 15.4 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
7/15/2023
|
| | | | | | | | | | 1.3 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
7/15/2023
|
| | | | | | | | | | 5.8 | | | |||||
| Preferred membership units | | | | | | | | | | | 1.40% | | | | | | 0.5 | | | |||||
QC Supply, LLC
574 Road 11 Schuyler, NE 68661 |
| |
Specialty distributor and
solutions provider to the swine and poultry markets |
| |
First lien senior secured
revolving loan |
| |
7.50% (Libor + 6.50%/M)
|
| |
12/29/2021
|
| | | | | | | | | | 8.9(163) | | |
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.00% Cash,
0.50% PIK/Q) |
| |
12/29/2022
|
| | | | | | | | | | 24.3 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.00% Cash,
0.50% PIK/Q) |
| |
12/29/2022
|
| | | | | | | | | | 8.1 | | | |||||
QF Holdings, Inc. 315 Deaderick ST
Suite 2300 Nashville, TN 37238 |
| |
SaaS based electronic health record software provider
|
| |
First lien senior secured
revolving loan |
| |
8.00% (Libor + 7.00%/Q)
|
| |
9/19/2024
|
| | | | | | | | | | —(164) | | |
|
First lien senior secured
loan |
| | | | |
9/19/2024
|
| | | | | | | | | | —(165) | | | |||||
|
First lien senior secured
loan |
| |
8.00% (Libor + 7.00%/Q)
|
| |
9/19/2024
|
| | | | | | | | | | 23.9 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
R2 Acquisition Corp.
207 NW Park Ave Portland, OR 97209 |
| | Marketing services | | | Common stock | | | | | | | | | | | 0.32% | | | | | | 0.2 | | |
Radius Aerospace, Inc. and Radius
Aerospace Europe Limited(5) 153 ExtrusionPlace Hot Springs, AR 71901 |
| |
Metal fabricator in the aerospace industry
|
| |
First lien senior secured
revolving loan |
| |
6.86% (Libor + 5.75%/Q)
|
| |
3/29/2025
|
| | | | | | | | | | 1.7(166) | | |
|
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
3/29/2025
|
| | | | | | | | | | 0.9(167) | | | |||||
Raptor Technologies, LLC and Rocket
Parent, LLC 631 West 22nd St Houston, TX 77270 |
| |
Provider of SaaS-based
safety and security software to the K-12 school market |
| |
First lien senior secured
revolving loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
12/17/2023
|
| | | | | | | | | | 1.5(168) | | |
|
First lien senior secured
loan |
| | | | |
12/17/2024
|
| | | | | | | | | | —(169) | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
12/17/2024
|
| | | | | | | | | | 14.5 | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
12/17/2024
|
| | | | | | | | | | 4.9 | | | |||||
| Class A common units | | | | | | | | | | | 2.27% | | | | | | 1.1 | | | |||||
RE Community Holdings GP, LLC
and RE Community Holdings, LP 809 West Hill Street Charlotte, NC 28208 |
| |
Operator of municipal recycling facilities
|
| |
Limited partnership interest
|
| | | | | | | | | | 2.86% | | | | | | — | | |
| Limited partnership interest | | | | | | | | | | | 2.49% | | | | | | — | | | |||||
Reddy Ice LLC
8750 North Central Expressway Suite 1800, Lockbox 20 Dallas, TX 75231 |
| |
Packaged ice manufacturer and distributor
|
| |
First lien senior secured
revolving loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
7/1/2024
|
| | | | | | | | | | 0.1(170) | | |
|
First lien senior secured
loan |
| | | | |
7/1/2025
|
| | | | | | | | | | —(171) | | | |||||
|
First lien senior secured
loan |
| |
6.70% (Libor + 5.50%/Q)
|
| |
7/1/2025
|
| | | | | | | | | | 53.4 | | | |||||
|
First lien senior secured
loan |
| |
6.70% (Libor + 5.50%/Q)
|
| |
7/1/2025
|
| | | | | | | | | | 3.5 | | | |||||
Regent Education, Inc.
340 E. Patrick Street Suite 201 Frederick, MD 21701 |
| |
Provider of software solutions designed to optimize the financial aid and enrollment processes
|
| |
Warrant
|
| | | | | | | | | | 8.00% | | | | | | —(2) | | |
| Warrant | | | | | | | | | | | 0.27% | | | | | | —(2) | | | |||||
Research Now Group, LLC and
Survey Sampling International, LLC 5800 Tennyson Parkway Suite 600 Plano, TX 75024 |
| |
Provider of outsourced
data collection to the market research industry |
| |
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
12/20/2024
|
| | | | | | | | | | 39.3 | | |
Respicardia, Inc.
12400 Whitewater Drive Suite 150 Minnetonka, MN 55343 |
| |
Developer of
implantable therapies to improve cardiovascular health |
| | Warrant | | | | | | | | | | | 0.19% | | | | | | —(2) | | |
Retriever Medical/Dental Payments
LLC, FSDC Holdings, LLC, Rectangle Ware-Ever Pay LLC and Retriever Enterprises, LLC 115 E Stevens Ave Valhalla, NY 10595 |
| |
Provider of payment
processing services and software to healthcare providers |
| |
First lien senior secured
revolving loan |
| | | | |
2/3/2023
|
| | | | | | | | | | —(172) | | |
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
2/3/2023
|
| | | | | | | | | | 26.4 | | | |||||
Revint Intermediate II, LLC
7300 Lone Star Drive Suite C200 Plano, TX 75024 |
| |
Revenue cycle consulting firm to the healthcare industry
|
| |
First lien senior secured
revolving loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
12/13/2023
|
| | | | | | | | | | 4.7(173) | | |
|
First lien senior secured
loan |
| |
5.86% (Libor + 4.75%/Q)
|
| |
12/13/2023
|
| | | | | | | | | | 21.0 | | | |||||
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
12/13/2023
|
| | | | | | | | | | 4.6 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
RF HP SCF Investor, LLC(5)
71 West 23rd Street New York, NY 10010 |
| | Branded specialty food company | | | Membership interest | | | | | | | | | | | 10.08% | | | | | | 17.3 | | |
Rialto Management Group, LLC(5)
790 NW 107th Avenue Suite 400 Miami, FL 33172 |
| |
Investment and asset management platform focused on real estate
|
| |
First lien senior secured
revolving loan |
| | | | |
12/2/2024
|
| | | | | | | | | | —(174) | | |
|
First lien senior secured
loan |
| |
4.68% (Libor + 4.50%/Q)
|
| |
12/2/2024
|
| | | | | | | | | | 0.9 | | | |||||
Riverview Power LLC
2200 Atlantic Street Suite 800 Stamford, CT 06902 |
| |
Operator of natural gas
and oil fired power generation facilities |
| |
First lien senior secured
loan |
| |
9.00% (Libor + 8.00%/Q)
|
| |
12/29/2022
|
| | | | | | | | | | 77.5 | | |
RMCF III CIV XXIX, L.P
640 Freedom Business Center Drive Suite 201 King of Prussia, PA 19406 |
| | Software provider for clinical trial management | | | Limited partnership interest | | | | | | | | | | | 99.90% | | | | | | 6.8 | | |
RSC Acquisition, Inc. and RSC Insurance Brokerage, Inc. 160 Federal Street
4th Floor Boston, MA 02110 |
| |
Insurance broker
|
| |
First lien senior secured
revolving loan |
| | | | |
10/30/2026
|
| | | | | | | | | | —(175) | | |
|
First lien senior secured
loan |
| | | | |
10/30/2026
|
| | | | | | | | | | —(176) | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
10/30/2026
|
| | | | | | | | | | 32.6 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
10/30/2026
|
| | | | | | | | | | 0.6 | | | |||||
RTI Surgical, Inc.(5)
11621 Research Circle Alachua, FL 32615 |
| |
Manufacturer of biologic, metal and synthetic implants/devices
|
| |
Second lien senior secured loan
|
| | | | |
4/27/2021
|
| | | | | | | | | | —(177) | | |
| Second lien senior secured loan | | |
9.75% (Libor + 4.375% Cash,
4.375% PIK/Q) |
| |
12/5/2023
|
| | | | | | | | | | 102.2 | | | |||||
|
Second lien senior secured loan
|
| |
15.00% PIK (Libor + 13.50%/Q)
|
| |
4/27/2021
|
| | | | | | | | | | 26.3 | | | |||||
Rug Doctor, LLC and RD Holdco Inc.(4)
4701 Old Shepard Place Plano, TX 75093 |
| |
Manufacturer and marketer of carpet cleaning machines
|
| |
Second lien senior secured loan
|
| |
11.39% (Libor + 9.75%/Q)
|
| |
5/16/2023
|
| | | | | | | | | | 16.9 | | |
| Common stock | | | | | | | | | | | 45.86% | | | | | | — | | | |||||
| Warrant | | | | | | | | | | | 46.98% | | | | | | —(2) | | | |||||
S Toys Holdings LLC (fka The Step2
Company, LLC)(4) 10010 Aurora-Hudson Road Streetsboro, OH 44241 |
| |
Toy manufacturer
|
| |
Class B common units
|
| | | | | | | | | | 100.00% | | | | | | — | | |
| Common units | | | | | | | | | | | 1.77% | | | | | | — | | | |||||
| Warrant | | | | | | | | | | | 5.00% | | | | | | —(2) | | | |||||
Saw Mill PCG Partners LLC
8751 Old State Road 60 Sellersburg, IN 47172 |
| |
Manufacturer of metal precision engineered components
|
| | Common units | | | | | | | | | | | 66.67% | | | | | | — | | |
SCI PH Parent, Inc.
1515 W 22nd St Suite 1100 Oak Brook, IL 60523 |
| | Industrial container manufacturer, reconditioner and servicer | | | Series B shares | | | | | | | | | | | 1.03% | | | | | | 1.1 | | |
SCIH Salt Holdings Inc.
10955 Lowell Avenue #500 Overland Park, KS 66210 |
| |
Salt and packaged ice melt manufacturer and distributor
|
| |
First lien senior secured
revolving loan |
| | | | |
3/17/2025
|
| | | | | | | | | | —(178) | | |
SCM Insurance Services Inc.(5)
5083 Windermere Boulevard SW #101 Edmonton, AB T6W 0J5 Canada |
| |
Provider of claims
management, claims investigation & support and risk management solutions for the Canadian property and casualty insurance industry |
| |
First lien senior secured
revolving loan |
| |
7.25% (Base Rate + 4.00%/Q)
|
| |
8/29/2022
|
| | | | | | | | | | 1.8(179) | | |
|
First lien senior secured
loan |
| |
6.00% (CDOR + 5.00%/Q)
|
| |
8/29/2024
|
| | | | | | | | | | 17.8 | | | |||||
| Second lien senior secured loan | | |
10.00% (CDOR + 9.00%/M)
|
| |
3/1/2025
|
| | | | | | | | | | 50.3 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
SCSG EA Acquisition Company, Inc.
3100 West End Avenue Suite 800 Nashville, TN 37203 |
| |
Provider of outsourced
clinical services to hospitals and health systems |
| |
First lien senior secured
revolving loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
9/1/2022
|
| | | | | | | | | | 0.8(180) | | |
SE1 Generation, LLC
192 Raceway Drive Mooresville, NC 28117 |
| | Solar power developer | | | Senior subordinated loan | | |
5.50% Cash, 4.00% PIK
|
| |
12/16/2022
|
| | | | | | | | | | 53.0 | | |
SecurAmerica, LLC, ERMC LLC, ERMC Of America, LLC, SecurAmerica Corporation, SecurAmerica Aviation
Security LLC, American Security Programs, Inc., USI LLC, Argenbright Holdings IV, LLC and Scrub Holdings, Inc 3399 Peachtree Rd NE — Suite 1500 Atlanta, GA 30326 |
| |
Provider of outsourced
manned security guard services, outsourced facilities aviation services |
| |
First lien senior secured
revolving loan |
| | | | |
6/21/2023
|
| | | | | | | | | | —(181) | | |
|
First lien senior secured
loan management and outsourced |
| |
10.25% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
12/21/2023
|
| | | | | | | | | | 25.7 | | | |||||
|
First lien senior secured
loan |
| |
10.25% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
12/21/2023
|
| | | | | | | | | | 9.7 | | | |||||
|
First lien senior secured
loan |
| |
10.25% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
12/21/2023
|
| | | | | | | | | | 1.7 | | | |||||
|
First lien senior secured
loan |
| |
10.25% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
12/21/2023
|
| | | | | | | | | | 1.1 | | | |||||
|
First lien senior secured
loan |
| |
10.25% (Libor + 4.50% Cash,
4.50% PIK/Q) |
| |
7/16/2021
|
| | | | | | | | | | 3.0 | | | |||||
Securelink, Inc.
11402 Bee Cave Road Austin, TX 78738 |
| |
Provider of a SaaS
third-party remote access software platform |
| |
First lien senior secured
revolving loan |
| | | | |
8/15/2022
|
| | | | | | | | | | —(182) | | |
Senior Direct Lending Program, LLC(4)(5)
2000 Avenue of the Stars 12th Floor Los Angeles, CA 90067 |
| |
Co-investment vehicle
|
| |
Subordinated certificates
|
| |
8.30% (Libor + 8.00%/Q)
|
| |
12/31/2036
|
| | | | 87.50% | | | | | | 886.0 | | |
| Member interest | | | | | | | | | | | 87.50% | | | | | | — | | | |||||
Severin Acquisition, LLC,
PeopleAdmin, Inc., Promachos Holding, Inc. and Performance Matters LLC 150 Parkshore Drive Folsom, CA 95630 |
| |
Provider of student
information system software solutions to the K-12 education market |
| |
First lien senior secured
revolving loan |
| |
3.61% (Libor + 3.25%/Q)
|
| |
8/1/2023
|
| | | | | | | | | | 4.4(183) | | |
|
First lien senior secured
loan |
| |
5.50% (Libor + 4.50%/Q)
|
| |
8/1/2025
|
| | | | | | | | | | 26.8 | | | |||||
| Second lien senior secured loan | | |
6.93% (Libor + 6.75%/Q)
|
| |
8/3/2026
|
| | | | | | | | | | 76.8 | | | |||||
SFE Intermediate Holdco LLC
9366 East Raintree Drive Suite 101 Scottdale, AZ 85260 |
| |
Provider of outsourced
foodservice to K-12 school districts |
| |
First lien senior secured
revolving loan |
| |
7.50% (Base Rate + 4.25%/Q)
|
| |
7/31/2023
|
| | | | | | | | | | 10.0(184) | | |
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
7/31/2024
|
| | | | | | | | | | 10.1 | | | |||||
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
7/31/2024
|
| | | | | | | | | | 6.3 | | | |||||
SG Acquisition, Inc.
2 Concourse Parkway Suite 500 Atlanta, GA 30328 |
| | Provider of insurance solutions for car sales | | |
First lien senior secured
loan |
| |
5.93% (Libor + 5.75%/Q)
|
| |
1/27/2027
|
| | | | | | | | | | 40.5 | | |
SHO Holding I Corporation
250 S. Australian Avenue West Palm Beach, FL 33401 |
| |
Manufacturer and distributor of slip resistant footwear
|
| | Second lien senior secured loan | | |
9.50% (Libor + 8.50%/Q)
|
| |
4/27/2023
|
| | | | | | | | | | 78.0 | | |
Shock Doctor, Inc. and Shock Doctor
Holdings, LLC(3) 110 Cheshire Lane Suite120 Minnetonka, MN 55305 |
| |
Developer, marketer and
distributor of sports protection equipment and accessories |
| |
First lien senior secured
revolving loan |
| |
7.25% (Base Rate + 4.00%/Q)
|
| |
5/14/2024
|
| | | | | | | | | | 1.8(185) | | |
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
5/14/2024
|
| | | | | | | | | | 16.9 | | | |||||
|
Class A preferred units
|
| | | | | | | | | | 3.74% | | | | | | — | | | |||||
| Class C preferred units | | | | | | | | | | | 12.20% | | | | | | — | | | |||||
| Preferred units | | | | | | | | | | | 2.92% | | | | | | — | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
SIGOS LLC
1700 S. Amphlett Blvd Suite 205 San Mateo, CA 94402 |
| |
Web and mobile cloud
performance testing and monitoring services provider |
| | Common units | | | | | | | | | | | 0.42% | | | | | | 0.5 | | |
Simpson Performance Products, Inc.
328 FM 306 New Braunels, TX 78130 |
| |
Provider of motorsports
safety equipment |
| |
First lien senior secured
loan |
| |
7.66% (Libor + 5.50%/Q)
|
| |
2/20/2023
|
| | | | | | | | | | 28.3 | | |
Singer Sewing Company, SVP-Singer
Holdings, LLC and SVP-Singer Holdings LP(4) 1224 Heil Quaker Boulevard La Vergne, TN 37086 |
| |
Manufacturer of consumer sewing machines
|
| |
First lien senior secured
revolving loan |
| |
10.00% (Libor + 9.00%/M)
|
| |
3/16/2023
|
| | | | | | | | | | 65.1(186) | | |
|
First lien senior secured
loan |
| |
10.43% (Libor + 4.00% Cash,
5.00% PIK/M) |
| |
3/16/2023
|
| | | | | | | | | | 194.9 | | | |||||
| Class A common units | | | | | | | | | | | 65.00% | | | | | | — | | | |||||
SiroMed Physician Services, Inc. and
SiroMed Equity Holdings, LLC 1000 Winter Street Suite 4300 Waltham, MA 02451 |
| |
Outsourced anesthesia provider
|
| |
First lien senior secured
revolving loan |
| |
6.19% (Libor + 4.75%/Q)
|
| |
3/26/2024
|
| | | | | | | | | | 6.4(187) | | |
|
First lien senior secured
loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
3/26/2024
|
| | | | | | | | | | 14.9 | | | |||||
| Common units | | | | | | | | | | | 4.81% | | | | | | 0.7 | | | |||||
SK SPV IV, LLC
600 N Central Expressway Suite #4000 Richardson, TX 75080 |
| |
Collision repair site operator
|
| |
Series A common stock
|
| | | | | | | | | | 76.92% | | | | | | 2.1 | | |
|
Series B common stock
|
| | | | | | | | | | 76.92% | | | | | | 2.1 | | | |||||
SM Wellness Holdings, Inc. and
SM Holdco, Inc. 15601 Dallas Parkway Suite 500 Addison, TX 75001 |
| |
Breast cancer screening
provider |
| |
First lien senior secured
revolving loan |
| |
5.81% (Libor + 5.50%/Q)
|
| |
8/1/2024
|
| | | | | | | | | | 5.1(188) | | |
|
First lien senior secured
loan |
| | | | |
8/1/2024
|
| | | | | | | | | | —(189) | | | |||||
|
First lien senior secured
loan |
| |
5.81% (Libor + 5.50%/Q)
|
| |
8/1/2024
|
| | | | | | | | | | 6.6 | | | |||||
|
Series A preferred stock
|
| |
10.56% PIK (Libor + 10.25%/Q)
|
| | | | | | | 99.94% | | | | | | 57.1 | | | |||||
| Series A units | | | | | | | | | | | 2.28% | | | | | | 0.1 | | | |||||
| Series B units | | | | | | | | | | | 2.28% | | | | | | 5.3 | | | |||||
SocialFlow, Inc.
52 Vanderbilt Avenue 12th Floor New York, NY 10017 |
| | Social media optimization platform provider | | | Warrant | | | | | | | | | | | 0.30% | | | | | | —(2) | | |
Sonny’s Enterprises, LLC
5605 Hiatus Road Tamarac, FL 33321 |
| |
Manufacturer and supplier of car wash equipment, parts and supplies to the conveyorized car wash market
|
| |
First lien senior secured
revolving loan |
| | | | |
12/1/2022
|
| | | | | | | | | | —(190) | | |
SoundCloud Limited(5)
76/77 Rheinsberger Str Berlin, 10115 Germany |
| |
Platform for receiving, sending, and distributing music
|
| | Common stock | | | | | | | | | | | 0.23% | | | | | | 0.7 | | |
Sovos Brands Intermediate, Inc.
1901 Fourth St #200 Berkeley, CA 94710 |
| |
Food and beverage platform
|
| |
First lien senior securedrevolving loan
|
| | | | |
11/20/2023
|
| | | | | | | | | | —(191) | | |
|
First lien senior secured
loan |
| |
6.59% (Libor + 5.00%/Q)
|
| |
11/20/2025
|
| | | | | | | | | | 6.8 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
SpareFoot, LLC
3300 Interstate Hwy 35 Suite 200 Austin, TX 78705 |
| |
PMS solutions and web
services for the self- storage industry |
| |
First lien senior secured
revolving loan
|
| |
6.05% (Libor + 5.00%/Q)
|
| |
4/13/2023
|
| | | | | | | | | | 1.2(192) | | |
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
4/13/2024
|
| | | | | | | | | | 1.3 | | | |||||
| Second lien senior secured loan | | |
10.32% (Libor + 9.25%/Q)
|
| |
4/13/2025
|
| | | | | | | | | | 6.1 | | | |||||
| Second lien senior secured loan | | |
10.32% (Libor + 9.25%/Q)
|
| |
4/13/2025
|
| | | | | | | | | | 4.2 | | | |||||
| Second lien senior secured loan | | |
10.45% (Libor + 9.25%/Q)
|
| |
4/13/2025
|
| | | | | | | | | | 2.5 | | | |||||
| Second lien senior secured loan | | |
10.70% (Libor + 9.50%/Q)
|
| |
4/13/2025
|
| | | | | | | | | | 1.3 | | | |||||
| Second lien senior secured loan | | |
10.25% (Libor + 9.25%/Q)
|
| |
4/13/2025
|
| | | | | | | | | | 1.1 | | | |||||
Sparta Systems, Inc., Project Silverback Holdings Corp. and Silverback Holdings, Inc.
2000 Waterview Drive Suite 300 Hamilton, NJ 08691 |
| |
Quality management software provider
|
| |
First lien senior secured
revolving loan |
| | | | |
8/22/2022
|
| | | | | | | | | | —(193) | | |
| Second lien senior secured loan | | |
9.32% (Libor + 8.25%/Q)
|
| |
8/21/2025
|
| | | | | | | | | | 15.6 | | | |||||
|
Series B preferred shares
|
| | | | | | | | | | 0.32% | | | | | | — | | | |||||
Spectra Finance, LLC
3601 S. Broad Street Philadelphia, PA 19148 |
| |
Venue management and
food and beverage provider |
| |
First lien senior secured
revolving loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
4/3/2023
|
| | | | | | | | | | 21.1(194) | | |
|
First lien senior secured
loan |
| |
5.70% (Libor + 4.25%/Q)
|
| |
4/2/2024
|
| | | | | | | | | | 3.1 | | | |||||
Spin HoldCo Inc. and Airvending Limited
303 Sunnyside Blvd Suite 70 Plainview, NY 11803 |
| |
Laundry service and equipment provider
|
| |
First lien senior secured
loan |
| |
4.25% (Libor + 3.25%/Q)
|
| |
11/14/2022
|
| | | | | | | | | | 1.4 | | |
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
11/14/2022
|
| | | | | | | | | | 16.0 | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
11/14/2022
|
| | | | | | | | | | 11.2 | | | |||||
|
Second lien senior secured loan
|
| |
8.50% (Libor + 7.50%/Q)
|
| |
5/15/2023
|
| | | | | | | | | | 151.1 | | | |||||
SSE Buyer, Inc., Supply Source
Enterprises, Inc., Impact Products LLC, The Safety Zone, LLC and SSE Parent, LP 4300 Wildwood Parkway Suite 100 Atlanta, GA 30339 |
| |
Manufacturer and
distributor of personal protection equipment, commercial cleaning, maintenance and safety products |
| |
First lien senior secured
revolving loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
6/30/2025
|
| | | | | | | | | | —(195) | | |
|
First lien senior secured
loan |
| | | | |
6/30/2026
|
| | | | | | | | | | —(196) | | | |||||
|
Second lien senior secured loan
|
| |
10.22% (Libor + 9.22%/Q)
|
| |
6/30/2026
|
| | | | | | | | | | 21.5 | | | |||||
| Limited partnership class A-1 units | | | | | | | | | | | 1.04% | | | | | | 1.1 | | | |||||
| Limited partnership class A-2 units | | | | | | | | | | | 1.04% | | | | | | 1.1 | | | |||||
Star US Bidco LLC
14845 West 64th Avenue Advada, CO 80007 |
| |
Manufacturer of pumps,
compressors and other highly-engineered equipment for mission- critical applications |
| |
First lien senior secured
revolving loan |
| |
4.43% (Libor + 4.25%/Q)
|
| |
3/17/2025
|
| | | | | | | | | | 2.0(197) | | |
Startec Equity, LLC(4)
2000 Avenue of the Stars 12th Floor Los Angeles, CA 90067 |
| |
Communication services
|
| | Member interest | | | | | | | | | | | 100.00% | | | | | | — | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Storm UK Holdco Limited and Storm US
Holdco Inc.(5) Jacobs Well West Street Newbury, Berkshire RG14 1BD United Kingdom |
| |
Provider of water
infrastructure software solutions for municipalities / utilities and engineering consulting firms |
| |
First lien senior secured
revolving loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
5/5/2022
|
| | | | | | | | | | 0.7(198) | | |
Sundance Energy, Inc.
633 17th Street Suite 1950 Denver, CO 80202 |
| | Oil and gas producer | | | Second lien senior secured loan | | |
11.00% (Libor + 8.00% Cash,
2.00% PIK/Q) |
| |
4/23/2023
|
| | | | | | | | | | 44.9 | | |
Sunk Rock Foundry Partners LP, Hatteras Electrical Manufacturing Holding Company and Sigma Electric Manufacturing
Corporation 120 Sigma Drive Garner, NC 27529 |
| |
Manufacturer of metal
castings, precision machined components and sub-assemblies in the electrical products, power transmission and distribution and general industrial markets |
| |
First lien senior secured
revolving loan |
| |
5.75% (Libor + 4.75%/Q)
|
| |
10/31/2022
|
| | | | | | | | | | 6.0(199) | | |
Sunrun Atlas Depositor 2019-2, LLC and Sunrun Atlas Holdings 2019-2, LLC
225 Bush Street San Francisco, CA 94105 |
| |
Residential solar energy
provider |
| |
First lien senior secured
loan |
| |
3.61%
|
| |
2/1/2055
|
| | | | | | | | | | 0.1 | | |
| Senior subordinated loan | | |
8.75% (Libor + 4.75% Cash,
2.00% PIK/Q) |
| |
11/26/2025
|
| | | | | | | | | | 135.1 | | | |||||
Sunrun Xanadu Issuer 2019-1, LLC
and Sunrun Xanadu Holdings 2019-1, LLC 225 Bush Street San Francisco, CA 94105 |
| |
Residential solar energy
provider
|
| |
First lien senior secured
loan |
| |
3.98%
|
| |
6/30/2054
|
| | | | | | | | | | 0.4 | | |
| Senior subordinated loan | | |
8.75% (Libor + 4.75% Cash,
2.00% PIK/Q) |
| |
7/1/2030
|
| | | | | | | | | | 65.8 | | | |||||
Sunshine Sub, LLC
4776 New Broad Street Suite 195 Orlando, FL 32814 |
| |
Premier health club operator
|
| |
First lien senior securedrevolving loan
|
| |
5.75% (Libor + 4.75%/Q)
|
| |
5/27/2024
|
| | | | | | | | | | 0.5(200) | | |
Surf Holdings, LLC(5)
The Pentagon Abingdon Science Park Abingdon, Oxfordshire OX14 3YP United Kingdom |
| |
Cybersecurity solutions
provider |
| | Second lien senior secured loan | | |
9.00% (Libor + 8.00%/Q)
|
| |
3/6/2028
|
| | | | | | | | | | 24.3 | | |
Synergy HomeCare Franchising, LLC and NP/Synergy Holdings, LLC
500 North Roosevelt Chandler, AZ 85226 |
| |
Franchisor of private-pay home care for the elderly
|
| |
First lien senior secured
revolving loan |
| | | | |
4/2/2024
|
| | | | | | | | | | —(201) | | |
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
4/2/2024
|
| | | | | | | | | | 15.7 | | | |||||
| Common units | | | | | | | | | | | 1.61% | | | | | | 0.8 | | | |||||
Systematic Power Manufacturing, LLC
2847 John Deer Drive Suite 102 Knoxville, TN 37917 |
| |
Manufacturer and
supplier of batteries and ultracapacitors for automotive markets |
| |
First lien senior secured
loan |
| | | | |
3/30/2024
|
| | | | | | | | | | — | | |
|
First lien senior secured
loan |
| | | | | | | | | | | | | | | | 2.1 | | | |||||
| Preferred unit | | | | | | | | | | | 100.00% | | | | | | — | | | |||||
TA/WEG Holdings, LLC
505 N Highway 169 Suite 900 Plymouth, MN 55441 |
| |
Wealth management and
financial planning firm |
| |
First lien senior secured
revolving loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
10/2/2025
|
| | | | | | | | | | 0.3(202) | | |
|
First lien senior secured
loan |
| | | | |
10/2/2025
|
| | | | | | | | | | —(203) | | | |||||
|
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
10/2/2025
|
| | | | | | | | | | 2.2 | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Taymax Group, L.P., Taymax
Group G.P., LLC, PF Salem Canada ULC and TCP Fit Parent, L.P. 27 Northwestern Drive Suite 2 Salem, NH 03079 |
| |
Planet Fitness franchisee
|
| |
First lien senior secured
revolving loan |
| |
7.25% (Libor + 2.50% Cash,
3.75% PIK/Q) |
| |
7/31/2024
|
| | | | | | | | | | 1.5(204) | | |
|
First lien senior secured
loan |
| | | | |
7/31/2025
|
| | | | | | | | | | —(205) | | | |||||
|
First lien senior secured
loan |
| |
7.32% (Libor + 2.50% Cash,
3.75% PIK/Q) |
| |
7/31/2025
|
| | | | | | | | | | 0.3 | | | |||||
|
First lien senior secured
loan |
| |
7.35% (Libor + 2.50% Cash,
3.75% PIK/Q) |
| |
7/31/2025
|
| | | | | | | | | | 0.6 | | | |||||
| Class A units | | | | | | | | | | | 1.53% | | | | | | 4.5 | | | |||||
TDG Group Holding Company and
TDG Co-Invest, LP 524 W. Waco Drive Waco, TX 76701 |
| |
Operator of multiple franchise concepts primarilyrelated to home maintenanceor repairs
|
| |
First lien senior secured
revolving loan |
| | | | |
5/31/2024
|
| | | | | | | | | | —(206) | | |
| Preferred units | | | | | | | | | | | 10.00% | | | | | | 3.4 | | | |||||
| Common units | | | | | | | | | | | 10.00% | | | | | | 0.6 | | | |||||
Teasdale Foods, Inc. and Familia Group Holdings Inc.
901 Packers Street P.O. Box 814 Atwater, CA 95301 |
| |
Provider of beans,
sauces and hominy to the retail,foodservice and wholesale channels |
| |
First lien senior secured
revolving loan |
| |
7.50% (Base Rate + 4.25%/Q)
|
| |
4/28/2021
|
| | | | | | | | | | 0.1(207) | | |
|
First lien senior secured
revolving loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
4/28/2021
|
| | | | | | | | | | 0.1(207) | | | |||||
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
4/28/2021
|
| | | | | | | | | | 0.4 | | | |||||
| Second lien senior secured loan | | |
11.00% PIK (Libor + 10.00%/Q)
|
| |
10/28/2021
|
| | | | | | | | | | 34.3 | | | |||||
| Second lien senior secured loan | | |
11.00% PIK (Libor + 10.00%/Q)
|
| |
10/28/2021
|
| | | | | | | | | | 59.8 | | | |||||
| Warrant | | | | | | | | | | | 4.76% | | | | | | —(2) | | | |||||
Telestream Holdings Corporation
848 Gold Flat Road Nevada City, CA 95959 |
| |
Provider of digital video
tools and workflow solutions to the media and entertainment industries |
| | First lien senior securedrevolving loan | | | | | |
3/24/2022
|
| | | | | | | | | | —(208) | | |
Teligent, Inc.
105 Lincoln Avenue Buena, NJ 08310 |
| |
Pharmaceutical
company that develops, manufactures and markets injectable pharmaceutical products |
| |
First lien senior secured
revolving loan |
| | | | |
6/13/2024
|
| | | | | | | | | | —(209) | | |
|
Second lien senior secured loan
|
| | | | |
6/13/2024
|
| | | | | | | | | | 43.0 | | | |||||
|
Second lien senior secured loan
|
| | | | |
6/13/2024
|
| | | | | | | | | | 24.9 | | | |||||
| Warrant | | | | | | | | | | | 9.30% | | | | | | —(2) | | | |||||
TerSera Therapeutics LLC
150 N. Two Conway Park Suite 195 Lake Forest, IL 60045 |
| |
Acquirer and developer
of specialty therapeutic pharmaceutical products |
| |
First lien senior secured
revolving loan |
| |
6.60% (Libor + 5.60%/Q)
|
| |
3/30/2022
|
| | | | | | | | | | 0.1(210) | | |
|
First lien senior secured
loan |
| |
7.05% (Libor + 5.60%/Q)
|
| |
3/30/2023
|
| | | | | | | | | | 5.1 | | | |||||
|
First lien senior secured
loan |
| |
7.05% (Libor + 5.60%/Q)
|
| |
3/30/2023
|
| | | | | | | | | | 2.1 | | | |||||
|
First lien senior secured
loan |
| |
7.05% (Libor + 5.60%/Q)
|
| |
3/30/2023
|
| | | | | | | | | | 1.8 | | | |||||
The Alaska Club Partners, LLC, Athletic Club Partners LLC and
The Alaska Club, Inc. 5201 E Tudor Road Anchorage, AK 99507 |
| |
Premier health club operator
|
| |
First lien senior secured
revolving loan |
| | | | |
12/16/2024
|
| | | | | | | | | | —(211) | | |
|
First lien senior secured
loan |
| |
8.75% (Base Rate + 5.50%/Q)
|
| |
12/16/2024
|
| | | | | | | | | | 14.5 | | | |||||
| | | | | | | | | | | | | | | | | | | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
The Teaching Company
Holdings, Inc. 4151 Lafayette Center Drive #100 Chantilly, VA 20151 |
| |
Education publications
provider |
| |
Preferred stock
|
| | | | | | | | | | 1.77% | | | | | | — | | |
| Common stock | | | | | | | | | | | 3.64% | | | | | | — | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
The Ultimate Software Group, Inc. and H&F Unite Partners, L.P.(5)
1485 North Park Drive Weston, FL 33326 |
| |
Provider of cloud based
HCM solutions for businesses |
| |
First lien senior secured
revolving loan |
| |
3.68% (Libor + 3.50%/Q)
|
| |
5/3/2024
|
| | | | | | | | | | 8.9(212) | | |
| Second lien senior secured loan | | |
8.18% (Libor + 8.00%/Q)
|
| |
5/3/2027
|
| | | | | | | | | | 205.4 | | | |||||
| Limited partner interests | | | | | | | | | | | 0.16% | | | | | | 12.6 | | | |||||
The Ultimus Group Midco, LLC, The Ultimus Group, LLC, and The Ultimus Group Aggregator, LP
80 Arkay Drive Ste 110 Hauppauge, NY 11788 |
| |
Provider of asset-
servicing capabilities for fund managers |
| |
First lien senior secured
revolving loan |
| |
6.75% (Base Rate + 3.50%/Q)
|
| |
2/1/2024
|
| | | | | | | | | | 3.8(213) | | |
|
First lien senior secured
loan |
| |
5.50% (Libor + 4.50%/Q)
|
| |
2/1/2026
|
| | | | | | | | | | 36.8 | | | |||||
| Class A units | | |
8.00% PIK
|
| | | | | | | 0.42% | | | | | | 1.6 | | | |||||
| Class B units | | | | | | | | | | | 0.42% | | | | | | — | | | |||||
| Class A units | | | | | | | | | | | 0.53% | | | | | | — | | | |||||
| Class B units | | | | | | | | | | | 0.53% | | | | | | — | | | |||||
THG Acquisition, LLC
6802 Paragon Place Suite 200 Richmond, VA 23230 |
| |
Multi-line insurance broker
|
| |
First lien senior secured
revolving loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
12/2/2025
|
| | | | | | | | | | 0.1(214) | | |
|
First lien senior secured
loan |
| | | | |
12/2/2026
|
| | | | | | | | | | —(215) | | | |||||
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
12/2/2026
|
| | | | | | | | | | 1.8 | | | |||||
TimeClock Plus, LLC
1 TimeClock Drive San Angelo, TX 76904 |
| |
Workforce management
solutions provider |
| |
First lien senior secured
revolving loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
8/29/2025
|
| | | | | | | | | | —(216) | | |
|
First lien senior secured
loan |
| | | | |
8/28/2026
|
| | | | | | | | | | —(217) | | | |||||
|
First lien senior secured
loan |
| |
6.25% (Libor + 5.25%/Q)
|
| |
8/28/2026
|
| | | | | | | | | | 35.3 | | | |||||
Totes Isotoner Corporation and Totes Ultimate Holdco, Inc.(3)
9655 International Boulevard Cincinatti, OH 45246 |
| |
Designer, marketer, and
distributor of rain and cold weather products |
| |
First lien senior secured
loan |
| |
7.00% (Libor + 6.00%/Q)
|
| |
12/23/2024
|
| | | | | | | | | | 1.8 | | |
|
First lien senior secured
loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
6/20/2024
|
| | | | | | | | | | 1.5 | | | |||||
| Common stock | | | | | | | | | | | 8.61% | | | | | | — | | | |||||
Touchstone Acquisition, Inc. and Touchstone Holding, L.P.
5949 Commerce Blvd Morristown, TN 37814 |
| |
Manufacturer of
consumable products in the dental, medical, cosmetic and CPG/ industrial end-markets |
| |
First lien senior secured
revolving loan |
| | | | |
11/15/2023
|
| | | | | | | | | | —(218) | | |
|
First lien senior secured
loan |
| | | | |
11/17/2025
|
| | | | | | | | | | —(219) | | | |||||
|
First lien senior secured
loan |
| |
5.82% (Libor + 4.75%/Q)
|
| |
11/17/2025
|
| | | | | | | | | | 24.6 | | | |||||
|
Class A preferred units
|
| |
8.00% PIK
|
| | | | | | | 1.81% | | | | | | 2.4 | | | |||||
TWH Infrastructure Industries, Inc.
6500 N River Rd Suite 800 Rosemont, IL 60018 |
| |
Provider of engineered
products used in the trenchless rehabilitation of wastewater infrastructure |
| |
First lien senior secured
revolving loan |
| |
5.81% (Libor + 5.50%/Q)
|
| |
4/9/2025
|
| | | | | | | | | | 0.1(220) | | |
|
First lien senior secured
loan |
| |
5.81% (Libor + 5.50%/Q)
|
| |
4/9/2025
|
| | | | | | | | | | 6.3 | | | |||||
| | | | | | | | | | | | | | | | | | | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Tyden Group Holding Corp.(5)
P.O. Box 908 Mary Street GT Walker House George Town, Grand Cayman Cayman Islands |
| |
Producer and marketer
of global cargo security, product identification and traceability products and utility meter products Provider of physician management services |
| |
Preferred stock
|
| | | | | | | | | | 3.84% | | | | | | 0.4 | | |
| Common stock | | | | | | | | | | | 3.84% | | | | | | 2.0 | | | |||||
U.S. Acute Care Solutions, LLC
4535 Dressler Road Canton, OH 44718 |
| |
First lien senior secured
revolving loan |
| | | | |
6.13% (Libor + 5.00%/Q)
|
| |
11/16/2020
|
| | | | | | | | | | 0.9(221) | | |
U.S. Anesthesia Partners, Inc.
2411 Fountain View Drive Suite 200 Houston, TX 77057 |
| |
Anesthesiology service
provider |
| | Second lien senior secured loan | | |
8.25% (Libor + 7.25%/M)
|
| |
6/23/2025
|
| | | | | | | | | | 68.2 | | |
United Digestive MSO Parent, LLC
550 Peachtree Street N.E Suite 1600 Atlanta, GA 30308 |
| |
Gastroenterology physician group
|
| |
First lien senior secured
revolving loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
12/14/2023
|
| | | | | | | | | | 8.4(222) | | |
|
First lien senior secured
loan |
| | | | |
12/16/2024
|
| | | | | | | | | | —(223) | | | |||||
|
First lien senior secured
loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
12/16/2024
|
| | | | | | | | | | 1.1 | | | |||||
| | |
First lien senior secured
loan |
| |
5.00% (Libor + 4.00%/Q)
|
| |
12/16/2024
|
| | | | | | | | | | 2.4 | | | |||
Urgent Cares of America
Holdings I, LLC and FastMed Holdings I, LLC 935 Shotwell Road Suite 108 Clayton, NC 27520 |
| |
Operator of urgent care
clinics |
| |
Preferred units
|
| | | | | | | | | | 20.00% | | | | | | — | | |
|
Series C common units
|
| | | | | | | | | | 20.00% | | | | | | — | | | |||||
|
Series A common units
|
| | | | | | | | | | 1.12% | | | | | | — | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
Urology Management Associates,
LLC and JWC/UMA Holdings, L.P. 1515 Broad Street Suite 120 Bloomfield, NJ 07003 |
| |
Urology private practice
|
| |
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
8/31/2024
|
| | | | | | | | | | 9.4 | | |
|
Limited partnership interest
|
| | | | | | | | | | 3.64% | | | | | | 4.6 | | | |||||
Varsity Brands Holding Co., Inc. and BCPE
Hercules Holdings, LP 6745 Lenox Center Court Memphis, TN 38115 |
| |
Leading manufacturer
and distributor of textiles, apparel & luxury goods |
| |
First lien senior secured
loan |
| |
4.50% (Libor + 3.50%/Q)
|
| |
12/16/2024
|
| | | | | | | | | | 9.5 | | |
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
12/15/2025
|
| | | | | | | | | | 18.6 | | | |||||
| Second lien senior secured loan | | |
9.25% (Libor + 8.25%/Q)
|
| |
12/15/2025
|
| | | | | | | | | | 108.0 | | | |||||
| Class A units | | | | | | | | | | | 0.17% | | | | | | 0.3 | | | |||||
VCP-EDC Co-Invest, LLC
9801 Adam Don Pkwy Woodridge, IL 60517 |
| |
Distributor of
foodservice equipment and supplies |
| |
Membership units
|
| | | | | | | | | | 2.02% | | | | | | 1.7 | | |
| | | | | | | | | | | | | | | | | | | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
Vela Trading Technologies, LLC
211 East 43rd Street 5th Floor New York, NY 10017 |
| |
Provider of market data
software and content to global financial services clients |
| |
First lien senior secured
revolving loan |
| |
6.15% (Libor + 5.00%/Q)
|
| |
6/30/2022
|
| | | | | | | | | | 3.3(224) | | |
|
First lien senior secured
loan |
| |
6.14% (Libor + 5.00%/Q)
|
| |
6/30/2022
|
| | | | | | | | | | 4.4 | | | |||||
Velocity Holdings Corp.
13432 Wards Rd Lynchburg, VA 24501 |
| |
Hosted enterprise resource
planning application management services provider |
| |
Common units
|
| | | | | | | | | | 2.00% | | | | | | 2.1 | | |
| | | | | | | | | | | | | | | | | | | | | |||||
Verscend Holding Corp.
201 Jones Road 4th Floor Waltham, MA 02451 |
| |
Healthcare analytics solutions provider
|
| |
First lien senior secured
revolving loan |
| | | | |
8/28/2023
|
| | | | | | | | | | —(225) | | |
| | | | | | | | | | | | | | | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
Vertice Pharma UK Parent Limited(5)
630 Central Avenue New Providence, NJ 07974 |
| |
Manufacturer and
distributor of generic pharmaceutical products |
| | Preferred shares | | | | | | | | | | | 0.35% | | | | | | 0.3 | | |
Visual Edge Technology, Inc.
3874 Highland Park North Canton, OH 44720 |
| |
Provider of outsourced
office solutions with a focus on printer and copier equipment and other parts and supplies |
| |
First lien senior secured
loan |
| |
8.50% (Libor + 5.75% Cash,
1.25% PIK/Q) |
| |
8/31/2022
|
| | | | | | | | | | 16.2 | | |
|
First lien senior secured
loan |
| |
8.50% (Libor + 5.75% Cash,
1.25% PIK/Q) |
| |
8/31/2022
|
| | | | | | | | | | 15.2 | | | |||||
|
Senior subordinated loan
|
| |
15.00% PIK
|
| |
9/3/2024
|
| | | | | | | | | | 66.8 | | | |||||
| Warrant | | | | | | | | | | | 7.89% | | | | | | —(2) | | | |||||
| Warrant | | | | | | | | | | | 7.89% | | | | | | 4.0(2) | | | |||||
VLS Recovery Services, LLC
17020 Premium Drive Hockley, TX 77447 |
| |
Provider of commercial
and industrial waste processing and disposal services |
| |
First lien senior secured
revolving loan |
| | | | |
10/17/2023
|
| | | | | | | | | | — | (226) | |
|
First lien senior secured
loan |
| | | | |
10/17/2023
|
| | | | | | | | | | — | (227) | ||||||
Voya CLO 2014-4 Ltd.(5)
P.O. Box 1093 Boundary Hall Cricket Square Grand Cayman KY1-1102 Cayman Islands |
| |
Investment vehicle
|
| |
Subordinated notes
|
| |
17.60%
|
| |
7/14/2031
|
| | | | | | | | | | 5.8 | | |
| | | | | | | | | | | | | | | | | | | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
VPROP Operating, LLC and Vista
Proppants and Logistics, LLC 4413 Carey Street Fort Worth, TX 76119 |
| |
Sand-based proppant
producer and distributor to the oil and natural gas industry |
| |
First lien senior secured
loan |
| | | | |
12/7/2020
|
| | | | | | | | | | — | (228) | |
|
First lien senior secured
loan |
| | | | |
8/1/2021
|
| | | | | | | | | | 37.8 | | | |||||
|
First lien senior secured
loan |
| | | | |
8/1/2021
|
| | | | | | | | | | 14.7 | | | |||||
|
First lien senior secured
loan |
| |
11.00% (Libor + 9.50%/Q)
|
| |
12/7/2020
|
| | | | | | | | | | 1.6 | | | |||||
|
First lien senior secured
loan |
| | | | |
8/1/2021
|
| | | | | | | | | | 11.8 | | | |||||
| Common units | | | | | | | | | | | 8.22% | | | | | | — | | | |||||
VRC Companies, LLC
5400 Meltech Blvd Memphis, TN 38118 |
| |
Provider of records and
information management services |
| |
First lien senior secured
revolving loan |
| | | | |
3/31/2022
|
| | | | | | | | | | — | (229) | |
|
First lien senior secured
loan |
| | | | |
3/31/2023
|
| | | | | | | | | | — | (230) | ||||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
3/31/2023
|
| | | | | | | | | | 12.6 | | | |||||
|
First lien senior secured
loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
3/31/2023
|
| | | | | | | | | | 6.9 | | | |||||
VS Buyer, LLC
1114 Avenue of the Americas New York, NY 10036 |
| | Provider of software-based data protection solutions | | |
First lien senior secured
revolving loan |
| | | | |
2/28/2025
|
| | | | | | | | | | — | (231) | |
VSC Investors LLC(5)
401 Vance Street Los Angeles, CA 90272 |
| | Investment company | | | Membership interest | | | | | | | | | | | 1.95% | | | | | | 0.5 | | |
Wand Newco 3, Inc.
401 E Corporate Drive Suite 150 Lewisville, TX 75057 |
| |
Collision repair company
|
| |
Second lien senior secured loan
|
| |
7.43% (Libor + 7.25%/Q)
|
| |
2/5/2027
|
| | | | | | | | | | 173.0 | | |
| | | | | | | | | | | | | | | | | | | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
| | | | | | | | | | | | | | | | | | | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
WASH Multifamily Acquisition Inc.
and Coinamatic Canada Inc. 3690 Redondo Beach Ave Redondo Beach, CA 90278 |
| |
Laundry service and
equipment provider |
| |
First lien senior secured
loan |
| |
4.25% (Libor + 3.25%/Q)
|
| |
5/16/2022
|
| | | | | | | | | | 1.5 | | |
|
First lien senior secured
loan |
| |
4.25% (Libor + 3.25%/Q)
|
| |
5/16/2022
|
| | | | | | | | | | 0.2 | | | |||||
|
First lien senior secured
loan |
| |
4.97% (Libor + 4.75%/Q)
|
| |
5/16/2022
|
| | | | | | | | | | 108.8 | | | |||||
| Second lien senior secured loan | | |
8.00% (Libor + 7.00%/M)
|
| |
5/15/2023
|
| | | | | | | | | | 21.1 | | | |||||
| Second lien senior secured loan | | |
8.00% (Libor + 7.00%/M)
|
| |
5/12/2023
|
| | | | | | | | | | 3.7 | | | |||||
Watchfire Enterprises, Inc.
1015 Maple Street Danville, IL 61832 |
| |
Manufacturer of LED electronic message centers and digital billboards
|
| |
First lien senior secured
revolving loan |
| |
4.43% (Libor + 4.25%/Q)
|
| |
7/2/2021
|
| | | | | | | | | | 2.0(232) | | |
WCI-HFG Holdings, LLC
770 N Raddant Road Batavia, IL 60510 |
| | Distributor of repair and replacement parts for commercial kitchen equipment | | | Preferred units | | | | | | | | | | | 0.24% | | | | | | 2.3 | | |
WebPT, Inc.
625 S 5th Street Phoenix, AZ 85004 |
| |
Electronic medical
record software provider |
| |
First lien senior secured
revolving loan |
| |
7.75% (Libor + 6.75%/Q)
|
| |
8/28/2024
|
| | | | | | | | | | 0.1(233) | | |
|
First lien senior secured
loan |
| | | | |
8/28/2024
|
| | | | | | | | | | —(234) | | | |||||
|
First lien senior secured
loan |
| |
7.75% (Libor + 6.75%/Q)
|
| |
8/28/2024
|
| | | | | | | | | | 46.6 | | | |||||
Wildcat BuyerCo, Inc. and Wildcat Parent, LP
9730 Northcross Center Court Huntersville, NC 28078 |
| |
Provider and supplier of
electrical components for commercial and industrial applications |
| |
First lien senior secured
revolving loan |
| |
7.50% (Libor + 6.50%/Q)
|
| |
2/27/2026
|
| | | | | | | | | | 1.3(235) | | |
|
First lien senior secured
loan |
| | | | |
2/27/2026
|
| | | | | | | | | | —(236) | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
2/27/2026
|
| | | | | | | | | | 17.7 | | | |||||
|
First lien senior secured
loan |
| |
6.50% (Libor + 5.50%/Q)
|
| |
2/27/2026
|
| | | | | | | | | | 3.4 | | | |||||
|
Limited partnership interest
|
| | | | | | | | | | 0.59% | | | | | | 1.9 | | | |||||
Woodstream Group, Inc. and Woodstream Corporation
69 N Locust Street Lititz, PA 17543 |
| |
Manufacturer of natural
solution pest and animal control products |
| |
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
5/29/2022
|
| | | | | | | | | | 11.7 | | |
| | | | | | | | | | | | | | | | | | | | | |||||
WorldPay Group PLC(5)
25 Walbrook London, EC4N 8AF United Kingdom |
| | Payment processing company | | | C2 shares | | | | | | | | | | | 0.13% | | | | | | — | | |
Issuer
|
| |
Business Description
|
| |
Investment
|
| |
Interest(1)
|
| |
Maturity Date
|
| |
% of
Class Held at 6/30/2020 |
| |
Fair Value
|
| ||||||
WSHP FC Acquisition LLC
1476 Manning Parkway Powell, IL 43065 |
| |
Provider of biospecimen
products for pharma research |
| |
First lien senior secured
revolving loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
3/30/2024
|
| | | | | | | | | | 1.9(237) | | |
|
First lien senior secured
loan |
| | | | |
3/30/2024
|
| | | | | | | | | | —(238) | | | |||||
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
3/30/2024
|
| | | | | | | | | | 28.0 | | | |||||
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
3/30/2024
|
| | | | | | | | | | 5.9 | | | |||||
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
3/30/2024
|
| | | | | | | | | | 4.6 | | | |||||
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
3/30/2024
|
| | | | | | | | | | 8.7 | | | |||||
|
First lien senior secured
loan |
| |
7.25% (Libor + 6.25%/Q)
|
| |
3/30/2024
|
| | | | | | | | | | 11.0 | | | |||||
XIFIN, Inc. and ACP Charger Co-Invest LLC
12225 El Camino Real Suite 300 San Diego, CA 92130 |
| |
Revenue cycle
management provider to labs |
| |
First lien senior secured
revolving loan |
| |
6.88% (Libor + 5.75%/Q)
|
| |
2/6/2026
|
| | | | | | | | | | 1.4(239) | | |
|
First lien senior secured
loan |
| | | | |
2/6/2026
|
| | | | | | | | | | —(240) | | | |||||
|
First lien senior secured
loan |
| |
6.82% (Libor + 5.75%/Q)
|
| |
2/6/2026
|
| | | | | | | | | | 2.1 | | | |||||
| Common stock | | | | | | | | | | | 0.80% | | | | | | 1.8 | | | |||||
Zemax Software Holdings, LLC
10230 NE Points Drive Suite 540 Kirkland, WA 98033 |
| |
Provider of optical illumination design software to design engineers
|
| |
First lien senior secured
revolving loan |
| |
8.00% (Base Rate + 4.75%/Q)
|
| |
6/25/2024
|
| | | | | | | | | | 2.0(241) | | |
|
First lien senior secured
loan |
| |
6.75% (Libor + 5.75%/Q)
|
| |
6/25/2024
|
| | | | | | | | | | 16.7 | | | |||||
| | | | | | | | | | | | | | | | | | | | | |||||
Zywave, Inc.
10100 W Innovation Drive Suite 300 Milwaukee, WI 53226 |
| |
Provider of software
and technology-enabled content and analytical solutions to insurance brokers |
| |
First lien senior secured
revolving loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
11/17/2022
|
| | | | | | | | | | 2.6(242) | | |
|
First lien senior secured
loan |
| |
6.00% (Libor + 5.00%/Q)
|
| |
11/17/2022
|
| | | | | | | | | | 0.2 | | | |||||
| Second lien senior secured loan | | |
10.10% (Libor + 9.00%/Q)
|
| |
11/17/2023
|
| | | | | | | | | | 17.0 | | | |||||
| Second lien senior secured loan | | |
10.10% (Libor + 9.00%/Q)
|
| |
11/17/2023
|
| | | | | | | | | | 2.3 | | |
Name
|
| |
Position
|
| |
Length of
Service with Ares (years) |
| |
Principal Occupation(s) During Past 5 Years
|
|
Mark Affolter
|
| | Partner and Portfolio Manager of the Ares Credit Group | | |
12
|
| | Mr. Affolter is a Partner and Portfolio Manager in the Ares Credit Group, Central Region Head for U.S. Direct Lending and a member of the Management Committee of Ares. Additionally, Mr. Affolter serves as a member of the Ares Credit Group’s U.S. Direct Lending Investment Committee. | |
Michael J Arougheti
|
| | Co-Chairman of the board of directors of the Company; Executive Vice President of the Company | | |
16
|
| | Since October 2014, Mr. Arougheti has served as an Executive Vice President of the Company, since July 2014, he has served as Co-Chairman of the Company’s board of directors and since February 2009, he has served as a director of the Company. Mr. Arougheti previously served as Chief Executive Officer of the Company from May 2013 to July 2014 and President of the Company from May 2004 to May 2013. Mr. Arougheti is a Co-Founder and the Chief Executive Officer and President of Ares and is a member of the Ares Executive Management Committee. He is also a member of the Board of Directors and Management Committee of Ares. Mr. Arougheti is a member of the Investment Committee of the Ares Credit | |
Name
|
| |
Position
|
| |
Length of
Service with Ares (years) |
| |
Principal Occupation(s) During Past 5 Years
|
|
| | | | | | | | | Group’s U.S. Direct Lending Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. | |
R. Kipp deVeer
|
| | Chief Executive Officer of the Company; Partner in and Head of the Ares Credit Group | | |
16
|
| | Since July 2014, Mr. deVeer has served as Chief Executive Officer of the Company. Mr. deVeer previously served as President of the Company from May 2013 to July 2014. Mr. deVeer joined Ares in May 2004 and currently serves as a Partner of Ares Management Corporation and is a member of the Ares Executive Management Committee. He is a Partner in and Head of the Ares Credit Group and also a member of the Management Committee of Ares. Mr. deVeer is a member of the Investment Committees of Ares Capital Management and the Ares Credit Group’s U.S. and European Direct Lending Investment Committees. Mr. deVeer is also a director of Ares Management Limited, a subsidiary of Ares overseeing the European activities of Ares. | |
Mitchell Goldstein
|
| | Co-President of the Company; Partner in and Co-Head of the Ares Credit Group | | |
16
|
| | Since July 2014, Mr. Goldstein has served as a Co-President of the Company. Mr. Goldstein previously served as an Executive Vice President of the Company from May 2013 to July 2014. Mr. Goldstein has served as an officer of Ares Capital Management since 2005. Mr. Goldstein joined Ares in May 2005 and currently serves as a Partner of the Ares Credit Group. Mr. Goldstein also serves as a Vice President of CION Ares Diversified Credit Fund. Mr. Goldstein is a member of the Investment Committees of Ares Capital Management, the Ares Credit Group’s U.S. Direct Lending and Commercial Finance Investment Committees and the Ivy Hill Asset Management Investment Committee, and is a member of the Management Committee of Ares. | |
Jim Miller
|
| | Partner and Portfolio Manager of the Ares Credit Group | | |
14
|
| | Mr. Miller is a Partner and Portfolio Manager in the Ares Credit Group, as well as the East Region Co-Head for U.S. Direct Lending and a member of the | |
Name
|
| |
Position
|
| |
Length of
Service with Ares (years) |
| |
Principal Occupation(s) During Past 5 Years
|
|
| | | | | | | | | Management Committee of Ares. Additionally, Mr. Miller serves on the Ares Credit Group’s U.S. Direct Lending and Commercial Finance Investment Committees. | |
Kort Schnabel
|
| | Partner and Portfolio Manager of the Ares Credit Group | | |
19
|
| | Mr. Schnabel is a Partner and Portfolio Manager in the Ares Credit Group, as well as the West Region Head for U.S. Direct Lending and a member of the Management Committee of Ares. Additionally, Mr. Schnabel serves on Ares Credit Group’s U.S. Direct Lending Investment Committee. | |
David Schwartz
|
| | Partner and Portfolio Manager of the Ares Credit Group | | |
16
|
| | Mr. Schwartz is a Partner and Portfolio Manager in the Ares Credit Group, East Region Co-Head for U.S. Direct Lending and a member of the Management Committee of Ares. Additionally, Mr. Schwartz serves as a member of the Ares Credit Group’s U.S. Direct Lending Investment Committee. | |
Michael L. Smith
|
| | Co-President of the Company; Partner in and Co-Head of the Ares Credit Group | | |
16
|
| | Since July 2014, Mr. Smith has served as a Co-President of the Company. Mr. Smith previously served as an Executive Vice President of the Company from May 2013 to July 2014. Mr. Smith has served as an officer of Ares Capital Management since 2004. Mr. Smith joined Ares in May 2004 and currently serves as a Partner of the Ares Credit Group. Mr. Smith is a member of the Investment Committees of Ares Capital Management, the Ares Credit Group’s U.S. Direct Lending Investment Committee, the Ivy Hill Asset Management Investment Committee, the Ares Commercial Finance Investment Committee and the Management Committee of Ares. | |
Name
|
| |
Aggregate Dollar Range
of Equity Securities in Ares Capital(1) |
|
Mark Affolter
|
| |
None
|
|
Michael J Arougheti
|
| |
Over $1,000,000
|
|
R. Kipp deVeer
|
| |
Over $1,000,000
|
|
Mitchell Goldstein
|
| |
Over $1,000,000
|
|
Jim Miller
|
| |
$100,001 – $500,000
|
|
Kort Schnabel
|
| |
None
|
|
David Schwartz
|
| |
None
|
|
Michael L. Smith
|
| |
Over $1,000,000
|
|
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership |
| |
Percent of
Class(1) |
| ||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | |
Interested Directors | | | | | | | | | | | | | |
Michael J Arougheti
|
| | | | 1,262,806 | | | | | | * | | |
R. Kipp deVeer
|
| | | | 225,000 | | | | | | * | | |
Robert L. Rosen
|
| | | | 48,006 | | | | | | * | | |
Bennett Rosenthal
|
| | | | 255,138(2) | | | | | | * | | |
Independent Directors | | | | | | | | | | | | | |
Steve Bartlett
|
| | | | 27,276 | | | | | | * | | |
Ann Torre Bates
|
| | | | 32,000(3) | | | | | | * | | |
Daniel G. Kelly, Jr.
|
| | | | 33,912 | | | | | | * | | |
Steven B. McKeever
|
| | | | 34,286 | | | | | | * | | |
Michael K. Parks
|
| | | | 21,199 | | | | | | * | | |
Eric B. Siegel
|
| | | | 52,970(4) | | | | | | * | | |
Named Executive Officers Who Are Not Directors | | | | | | | | | | | | | |
Mitchell Goldstein
|
| | | | 276,170 | | | | | | * | | |
Michael L. Smith
|
| | | | 186,012(5) | | | | | | * | | |
Penni F. Roll
|
| | | | 70,952(6) | | | | | | * | | |
All Directors, Executive Officers and Certain Other Officers as a Group
(18 persons) |
| | | | 2,627,615(7) | | | | | | * | | |
| | An investment in shares of our preferred stock or common stock is complex, and certain aspects of the U.S. tax treatment of such investment are not certain. Tax matters are very complicated and the tax consequences to a stockholder of an investment in the shares of our preferred stock or common stock will depend on the facts of such stockholder’s particular situation. Stockholders are strongly encouraged to consult their own tax advisor regarding the U.S. federal income tax consequences of the acquisition, ownership and disposition of our preferred stock or common stock, as well as the effect of state, local and foreign tax laws and the effect of any possible changes in tax laws. | | |
(1)
Title of Class |
| |
(2)
Amount Authorized |
| |
(3)
Amount Held by Registrant or for its Account |
| |
(4)
Amount Outstanding Exclusive of Amount Shown Under Column(3) |
| |||||||||
Common Stock
|
| | | | 600,000,000 | | | | | | — | | | | | | 422,622,119 | | |
| | | | | | | | |
Example 1
|
| |
Example 2
|
| |
Example 3
|
| |
Example 4
|
| ||||||||||||||||||||||||||||||||||||
|
Prior to Sale
Below NAV |
| |
5% Offering at
5% Discount |
| |
10% Offering at
10% Discount |
| |
20% Offering at
20% Discount |
| |
25% Offering at
25% Discount |
| |||||||||||||||||||||||||||||||||||||||||
|
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| ||||||||||||||||||||||||||||||||
Offering Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Price per Share to Public
|
| | | | | | | | | $ | 15.00 | | | | | | — | | | | | $ | 14.21 | | | | | | — | | | | | $ | 12.63 | | | | | | — | | | | | $ | 11.84 | | | | | | — | | |
Net Proceeds per Share to Issuer
|
| | | | | | | | | $ | 14.25 | | | | | | — | | | | | $ | 13.50 | | | | | | — | | | | | $ | 12.00 | | | | | | — | | | | | $ | 11.25 | | | | | | — | | |
Decrease to Net Asset Value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Shares Outstanding
|
| | | | 30,000,000 | | | | | | 31,500,000 | | | | | | 5.00% | | | | | | 33,000,000 | | | | | | 10.00% | | | | | | 36,000,000 | | | | | | 20.00% | | | | | | 37,500,000 | | | | | | 25.00% | | |
Net Asset Value per Share
|
| | | $ | 15.00 | | | | | $ | 14.96 | | | | | | (0.24)% | | | | | $ | 14.86 | | | | | | (0.91)% | | | | | $ | 14.50 | | | | | | (3.33)% | | | | | $ | 14.25 | | | | | | (5.00)% | | |
Dilution to Nonparticipating Stockholder | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Held by Stockholder A
|
| | | | 30,000 | | | | | | 30,000 | | | | | | 0.00% | | | | | | 30,000 | | | | | | 0.00% | | | | | | 30,000 | | | | | | 0.00% | | | | | | 30,000 | | | | | | 0.00% | | |
Percentage Held by Stockholder A
|
| | | | 0.10% | | | | | | 0.10% | | | | | | (4.76)% | | | | | | 0.09% | | | | | | (9.09)% | | | | | | 0.08% | | | | | | (16.67)% | | | | | | 0.08% | | | | | | (20.00)% | | |
Total Net Asset Value Held by Stockholder A
|
| | | $ | 450,000 | | | | | $ | 448,929 | | | | | | (0.24)% | | | | | $ | 445,909 | | | | | | (0.91)% | | | | | $ | 435,000 | | | | | | (3.33)% | | | | | $ | 427,500 | | | | | | (5.00)% | | |
Total Investment by Stockholder A (Assumed to Be $15.00 per Share)
|
| | | $ | 450,000 | | | | | $ | 450,000 | | | | | | | | | | | $ | 450,000 | | | | | | | | | | | $ | 450,000 | | | | | | | | | | | $ | 450,000 | | | | | | | | |
Total Dilution to Stockholder A (Total Net Asset Value Less Total Investment)
|
| | | | | | | | | $ | (1,071) | | | | | | | | | | | $ | (4,091) | | | | | | | | | | | $ | (15,000) | | | | | | | | | | | $ | (22,500) | | | | | | | | |
Investment per Share Held by Stockholder A (Assumed to be $15.00 per Share on Shares
Held Prior to Sale) |
| | | $ | 15.00 | | | | | $ | 15.00 | | | | | | 0.00% | | | | | $ | 15.00 | | | | | | 0.00% | | | | | $ | 15.00 | | | | | | 0.00% | | | | | $ | 15.00 | | | | | | 0.00% | | |
Net Asset Value per Share Held by
Stockholder A |
| | | | | | | | | $ | 14.96 | | | | | | | | | | | $ | 14.86 | | | | | | | | | | | $ | 14.50 | | | | | | | | | | | $ | 14.25 | | | | | | | | |
Dilution per Share Held by Stockholder A (Net Asset Value per Share Less Investment per Share)
|
| | | | | | | | | $ | (0.04) | | | | | | | | | | | $ | (0.14) | | | | | | | | | | | $ | (0.50) | | | | | | | | | | | $ | (0.75) | | | | | | | | |
Percentage Dilution to Stockholder A (Dilution per Share Divided by Investment per Share)
|
| | | | | | | | | | | | | | | | (0.24)% | | | | | | | | | | | | (0.91)% | | | | | | | | | | | | (3.33)% | | | | | | | | | | | | (5.00)% | | |
| | |
Prior to Sale
Below NAV |
| |
50% Participation
|
| |
150% Participation
|
| |||||||||||||||||||||
|
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| ||||||||||||||||||||
Offering Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Price per Share to Public
|
| | | | | | | | | $ | 12.63 | | | | | | | | | | | $ | 12.63 | | | | | | | | |
Net Proceeds per Share to Issuer
|
| | | | | | | | | $ | 12.00 | | | | | | | | | | | $ | 12.00 | | | | | | | | |
Decrease/Increase to Net Asset Value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Shares Outstanding
|
| | | | 30,000,000 | | | | | | 36,000,000 | | | | | | 20% | | | | | | 36,000,000 | | | | | | 20% | | |
Net Asset Value per Share
|
| | | $ | 15.00 | | | | | $ | 14.50 | | | | | | (3.33)% | | | | | $ | 14.50 | | | | | | (3.33)% | | |
Dilution/Accretion to Participating Stockholder Shares Held by
Stockholder A |
| | | | 30,000 | | | | | | 33,000 | | | | | | 10% | | | | | | 39,000 | | | | | | 30% | | |
Percentage Held by Stockholder A
|
| | | | 0.10% | | | | | | 0.09% | | | | | | (8.33)% | | | | | | 0.11% | | | | | | 8.33% | | |
Total Net Asset Value Held by
Stockholder A |
| | | $ | 450,000 | | | | | $ | 478,500 | | | | | | 6.33% | | | | | $ | 565,500 | | | | | | 25.67% | | |
Total Investment by Stockholder A (Assumed to be $15.00 per Share on Shares Held Prior to Sale)
|
| | | | | | | | | $ | 487,895 | | | | | | | | | | | $ | 563,684 | | | | | | | | |
Total Dilution/Accretion to Stockholder A
(Total Net Asset Value Less Total Investment) |
| | | | | | | | | $ | (9,395) | | | | | | | | | | | $ | 1,816 | | | | | | | | |
Investment per Share Held by Stockholder A (Assumed to Be $15.00 on Shares Held Prior to Sale)
|
| | | $ | 15.00 | | | | | $ | 14.78 | | | | | | (1.44)% | | | | | $ | 14.45 | | | | | | (3.64)% | | |
Net Asset Value per Share Held by Stockholder A
|
| | | | | | | | | $ | 14.50 | | | | | | | | | | | $ | 14.50 | | | | | | | | |
Dilution/Accretion per Share Held by Stockholder A (Net Asset Value per Share Less Investment per Share)
|
| | | | | | | | | $ | (0.28) | | | | | | | | | | | $ | 0.05 | | | | | | | | |
Percentage Dilution/Accretion to Stockholder A (Dilution per Share Divided by Investment per Share)
|
| | | | | | | | | | | | | | | | (1.90)% | | | | | | | | | | | | 0.31% | | |
| | | | | | | | |
Example 1
|
| |
Example 2
|
| |
Example 3
|
| |
Example 4
|
| ||||||||||||||||||||||||||||||||||||
|
Prior to Sale
Below NAV |
| |
5% Offering at
5% Discount |
| |
10% Offering at
10% Discount |
| |
20% Offering at
20% Discount |
| |
25% Offering at
25% Discount |
| |||||||||||||||||||||||||||||||||||||||||
|
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| |
Following
Sale |
| |
%
Change |
| ||||||||||||||||||||||||||||||||
Offering Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Price per Share to Public
|
| | | | | | | | | $ | 15.00 | | | | | | | | | | | $ | 14.21 | | | | | | | | | | | $ | 12.63 | | | | | | | | | | | $ | 11.84 | | | | | | | | |
Net Proceeds per Share to Issuer
|
| | | | | | | | | $ | 14.25 | | | | | | | | | | | $ | 13.50 | | | | | | | | | | | $ | 12.00 | | | | | | | | | | | $ | 11.25 | | | | | | | | |
Decrease/Increase to Net Asset Value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Shares Outstanding
|
| | | | 30,000,000 | | | | | | 31,500,000 | | | | | | 5% | | | | | | 33,000,000 | | | | | | 10% | | | | | | 36,000,000 | | | | | | 20% | | | | | | 37,500,000 | | | | | | 25.00% | | |
Net Asset Value per Share
|
| | | $ | 15.00 | | | | | $ | 14.96 | | | | | | (0.24)% | | | | | $ | 14.86 | | | | | | (0.91)% | | | | | $ | 14.50 | | | | | | (3.33)% | | | | | $ | 14.25 | | | | | | (5.00)% | | |
Dilution/Accretion to New Investor A | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Held by Investor A
|
| | | | 0 | | | | | | 1,500 | | | | | | | | | | | | 3,000 | | | | | | | | | | | | 6,000 | | | | | | | | | | | | 7,500 | | | | | | | | |
Percentage Held by Investor A
|
| | | | 0.00% | | | | | | 0.00% | | | | | | | | | | | | 0.01% | | | | | | | | | | | | 0.02% | | | | | | | | | | | | 0.02% | | | | | | | | |
Total Net Asset Value Held by Investor A
|
| | | $ | 0 | | | | | $ | 22,446 | | | | | | | | | | | $ | 44,591 | | | | | | | | | | | $ | 87,000 | | | | | | | | | | | $ | 106,875 | | | | | | | | |
Total Investment by Investor A (At Price to Public)
|
| | | | | | | | | $ | 22,500 | | | | | | | | | | | $ | 42,632 | | | | | | | | | | | $ | 75,789 | | | | | | | | | | | $ | 88,816 | | | | | | | | |
Total Dilution/Accretion to Investor A (Total
Net Asset Value Less Total Investment) |
| | | | | | | | | $ | (54) | | | | | | | | | | | $ | 1,959 | | | | | | | | | | | $ | 11,211 | | | | | | | | | | | $ | 18,059 | | | | | | | | |
Investment per Share Held by Investor A
|
| | | $ | 0 | | | | | $ | 15.00 | | | | | | | | | | | $ | 14.21 | | | | | | | | | | | $ | 12.63 | | | | | | | | | | | $ | 11.84 | | | | | | | | |
Net Asset Value per Share Held by Investor A
|
| | | | | | | | | $ | 14.96 | | | | | | | | | | | $ | 14.86 | | | | | | | | | | | $ | 14.50 | | | | | | | | | | | $ | 14.25 | | | | | | | | |
Dilution/Accretion per Share Held by
Investor A (Net Asset Value per Share Less Investment per Share) |
| | | | | | | | | $ | (0.04) | | | | | | | | | | | $ | 0.65 | | | | | | | | | | | $ | 1.87 | | | | | | | | | | | $ | 2.41 | | | | | | | | |
Percentage Dilution/Accretion to Investor A (Dilution per Share Divided by Investment per Share)
|
| | | | | | | | | | | | | | | | (0.24)% | | | | | | | | | | | | 4.60% | | | | | | | | | | | | 14.79% | | | | | | | | | | | | 20.33% | | |
.@R](1SA5A+91GW2U
M>PI77R1Q(JD2>.+9W>'+8P!U&\4?TIG*=-4Y>.K&M-B6&D0)?[_O/LZ)P&2V
MC DO)%/(]WQ$(/8THY@@J#BL[O?^H:Q.^G].[+[2F1BKW4A,=E&PYCO.!G([
M5B/(@AB,<=O&$NX]8&3F;:;G*''S*")G;.FU-7X(7"0'.$:TG'%;-(.B*\
M1*0\@!BF.( H8A YBR+3-S=&[21;:31+I[8FAFE?O'H?OB@DRBG:(Z&G($\#
M&M5VMULO(FNH]=M$N0*B&%.[CJ/O0YBS&O89*BM*D#B-/V2;T ]#/3L61<-]\-^\ANOII;6EP^;4
M]*;U23PY$ -NU.=.Y*QU/-HWQ<3JE,7[@T8,+*_69_89MC_I8M_XH(Z:GX5_
M?^J_U./\IA._C#_5K1OZ]+^2&)!_5TC%'8#-@!@$2;ALBE, " B4PU?'AN4P
M!\ \I@'@/Z@AJ-_$Q^\6/_#8?RDV)5\)Q!Z72?XK/^3@Q? Z=-F39P]>N$&C
M-H@JZ=NW2J;=LU;-TS*KN'"ZIB)(H(I$$QSF$"E* B(\-+XB-(P1 6=C0 <2
M2>0 [2<,P[I&ADD(6-02230 #B22> ',X3]SEC=UWK>Z@_C\9O';K:EMVA*
MSCN\Y9C#IDB'=:@)F=F[":JO@%9G(3E_M@:
MHG0KI&LFJJHW?J Y=(N-"UJ%9]+N8RDB-V@]H(XJRFC*P(96 92" <(K;L.WGO![7.
M>8[,^&OGI8L /\ YV0'SV49)ME'JCLE
M4\P\].U(S1.J*@(<@)$$W'E 1UB^RM4]0^U?5KC[,!IWW=OW5:TIWE,E:D"E
M>?#&;[9TC[1&C^MVWVN5KW'>IWU*5KW6;/2@)KEI05Y8^['#8YC6LG9[;%4E
M@Q:IG>S-AL;&":M6R1>4IW5*+:W(4GZ,SY/E < #P4IV8I'7T%O\1$!L@ [7=J6 ^E!'WGR$
MH23X:UXUQ?EI4<-[@T8,&C!@T8,18W [Q\(;9;YM_P =95FG\98MR5^4Q[0/
M!-F;ADRDDR,433-I7W4T:1A3,S-0
MT'&LDA!))[6(&$VVSMG,8]^L>,N/.\=M8]HZ?OG"+1DR
M;KNWCIP
5M2R98NEP*BO W3^<%OD&+$#FW7NBQV]#6M
MU<*C$
V5UMV=%JPC427$),%QE GMY
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MQR%%F4"@''CIF/ABU:^CWE
#O+B1U&IG46UV9HK5L+:4P
MAAQ7O*UN9C3FL2J0.?"-BI\O%HNZ3#=9-LOR+C. C"MH2A8Q\QK#5,@*.&PX
MU:(6&/$ARE(=5\[3@Q364#XZXK*
Z-L1K)KD
M4?=S15"F:-:E&0DA3)'4@@D%TH :HJM%?AVZVZ=L=)=H;ND:/;TTID@FHS""
M5J!T<*"PBDH&!4$1R9F899&97 ,1[@\&9\@Y"R85R[CK*4+#'13G'M'MT)80
M@%G!%U6Z%A;Q[Q9U .'"+511--X1 YTR"6,46R21@:WDO'EEEWI%_#PT'
;Q/E/GWFD=Y'Y=YOYUXU
MMY3Y3X;QOFGF/5\'Y=X/[+U^?I=+XW-R^G6#N9N^]7R-ZQFRY:'-FK3+EYYJ
M\*4K7AC9[^#N/6[
M%,?9P1:NL!R6.\L6/&\/9D4%J#8MSL6H1"*\[:/S>32=CK=3525@RNB*J-I!
MZ0S8 65YM='9T
=
MI!SBY*@UYS$0$A-77DFT_I%H%QH+,EE