Act IPulse
Filled in full: 15 of 15 · 1 of 15 window drew demand above the cap — still honored
Q1-26 · 1.36× requested ÷ capacity · exceeded cap · 100% honored · click a window to replay it below
Lien mix
Sector allocation
100%-stacked share of disclosed allocation · sweep to read · click a sector to filter the named book
Σ 100.0% disclosed · pct_of_portfolio · 45 more beyond top 8 at 53.5% · segments share of disclosed total
Modules shown reflect what this fund discloses — questions that don't apply to this vehicle type are omitted.
The balance sheet the latest filing stated, the two leverage multiples it implies, the rate / FX hedge book that sits against it, and the per-facility debt schedule beneath.
Single-name issuer risk — the largest names' share of the book and a Herfindahl index over every issuer, with the named top-25 roster one click down.
Borrower-quality and credit-stress depth — non-accrual on both bases, underwriting metrics, and the manager’s own internal risk-rating distribution.
The mark and the inputs behind it — the Level I / II / III fair-value hierarchy and the unobservable inputs render in The Book · Marks.
The management + incentive structure and the per-class servicing / distribution load behind the headline rate.
Per-share return, earnings quality, and yield trajectory.
The forward-funding obligation behind the exit terms — per-borrower unfunded commitments, reconciled to the disclosed aggregate.
fund silence and AltHarbor coverage are different facts — both stated per family
| Disclosure family | Status | Latest source | |
|---|---|---|---|
| Exit mechanics → | Disclosed | Registration statement · filed Dec 31 | |
| Tender record → | Disclosed | Amended tender offer · filed May 15 | |
| Per-class economics → | Disclosed | Annual report · filed Dec 18 | |
| Distribution composition → | Disclosed | Annual report · filed Dec 18 | |
| Fair-value hierarchy → | Disclosed | Quarterly report · filed May 14 | |
| Unobservable inputs → | Not yet covered by AltHarbor | — | |
| Credit measures → | Disclosed | Quarterly report · filed May 14 | |
| Portfolio composition → | Disclosed | Quarterly report · filed May 14 |
Non-accrual
PIK income
Net leverage
Debt / equity
Not disclosed by this fund: watch list · interest coverage · ttm realized losses
hover or touch the chart to scrub
Last 28 distributions for Class I: 01/24/24 $0.1900, NII $0.1900, return of capital $0.0000; 02/27/24 $0.2000, NII $0.2000, return of capital $0.0000; 03/26/24 $0.2000, NII $0.2000, return of capital $0.0000; 04/18/24 $0.2000, NII $0.2000, return of capital $0.0000; 05/24/24 $0.2000, NII $0.2000, return of capital $0.0000; 06/27/24 $0.2000, NII $0.2000, return of capital $0.0000; 07/25/24 $0.2000, NII $0.2000, return of capital $0.0000; 08/26/24 $0.2000, NII $0.2000, return of capital $0.0000; 09/26/24 $0.2000, NII $0.2000, return of capital $0.0000; 10/24/24 $0.2000, NII $0.2000, return of capital $0.0000; 11/26/24 $0.2000, NII $0.2000, return of capital $0.0000; 12/26/24 $0.2000, NII $0.2000, return of capital $0.0000; 01/28/25 $0.2000, components not disclosed; 02/24/25 $0.2000, components not disclosed; 03/24/25 $0.2000, components not disclosed; 04/23/25 $0.2000, components not disclosed; 05/27/25 $0.2000, components not disclosed; 06/25/25 $0.2000, components not disclosed; 07/24/25 $0.2000, components not disclosed; 08/25/25 $0.2000, NII $0.1822, return of capital $0.0178; 10/23/25 $0.1800, components not disclosed; 11/25/25 $0.1800, components not disclosed; 12/24/25 $0.1800, components not disclosed; 01/26/26 $0.1800, components not disclosed; 02/24/26 $0.1800, components not disclosed; 03/25/26 $0.1600, components not disclosed; 04/23/26 $0.1600, components not disclosed; 05/26/26 $0.1600, components not disclosed
NII · realized gains · return of capital · components not disclosed · last 28 declarations, Class I
Annual coverage · Class I · where each year’s distribution came from
| Year | $/sh | from NII | from gains | return of capital | Read |
|---|---|---|---|---|---|
| 2025 | $0.4000 | 96% | 0% | 4% | Moderate ROC |
| 2024 | $2.1900 | 100% | 0% | 0% | Low ROC |
Return of capital is the portion paid from invested principal rather than income or realized gains; a sustained high reading erodes NAV. Annual roll-up of the same filings charted above.
every filing on record · one tick per filing · hue = type, height = rarity
| Filed | Type | Accession |
|---|---|---|
| 05/27/26 · period 05/26/26 | 8-KCurrent report | 0001193125-26-241880 ↗ |
| 05/20/26 | 8-KCurrent report | 0001193125-26-231657 ↗ |
| 04/24/26 · period 04/23/26 | 8-KCurrent report | 0001193125-26-177254 ↗ |
| 03/27/26 · period 03/25/26 | 8-KCurrent report | 0001193125-26-126991 ↗ |
| 02/25/26 · period 02/24/26 | 8-KCurrent report | 0001193125-26-071526 ↗ |
| 02/11/26 | 8-KCurrent report | 0001193125-26-046734 ↗ |
| 01/27/26 · period 01/26/26 | 8-KCurrent report | 0001193125-26-024886 ↗ |
| 12/29/25 · period 12/24/25 | 8-KCurrent report | 0001193125-25-335308 ↗ |
| 11/25/25 | 8-KCurrent report | 0001193125-25-297167 ↗ |
| 10/23/25 | 8-KCurrent report | 0001193125-25-248745 ↗ |
| 10/01/25 · period 09/29/25 | 8-KCurrent report | 0001193125-25-227010 ↗ |
| 09/26/25 · period 09/25/25 | 8-KCurrent report | 0001193125-25-220741 ↗ |
| 08/26/25 · period 08/25/25 | 8-KCurrent report | 0001193125-25-188700 ↗ |
| 07/28/25 · period 07/25/25 | 8-KCurrent report | 0001193125-25-166408 ↗ |
| 07/24/25 | 8-KCurrent report | 0001193125-25-164394 ↗ |
| 07/15/25 | 8-KCurrent report | 0001193125-25-159362 ↗ |
| 07/09/25 · period 07/08/25 | 8-KCurrent report | 0001193125-25-157084 ↗ |
| 07/07/25 · period 07/03/25 | 8-KCurrent report | 0001193125-25-155728 ↗ |
| 06/27/25 · period 06/25/25 | 8-KCurrent report | 0001193125-25-149404 ↗ |
| 05/28/25 · period 05/27/25 | 8-KCurrent report | 0001193125-25-129490 ↗ |
| 04/24/25 · period 04/23/25 | 8-KCurrent report | 0001193125-25-093517 ↗ |
| 04/16/25 · period 04/11/25 | 8-KCurrent report | 0001193125-25-082785 ↗ |
| 03/25/25 · period 03/24/25 | 8-KCurrent report | 0001193125-25-062526 ↗ |
| 02/25/25 · period 02/24/25 | 8-KCurrent report | 0001193125-25-035174 ↗ |
| 01/28/25 | 8-KCurrent report | 0001193125-25-014436 ↗ |
all 107Current report 43Amended tender offer 18Tender offer filing 16Quarterly report 13Imported record 10Annual report 4Prospectus supplement 1Registration statement 1Amended current report 1
Stated fees · mgmt solid · servicing hatch · distribution hollow · bars share a scale · click a class to read the act through it
| Cls | Net assets | % fund | Stated fee | Min initial | Channel |
|---|---|---|---|---|---|
| Class Iinstitutional | Class Class I stated fees: management 1.3 percent1.25% | ||||
| Class Sretail | Class Class S stated fees: management 1.3 percent, servicing 0.8 percent2.10% | ||||
| Class Dretail | Class Class D stated fees: management 1.3 percent, servicing 0.3 percent1.50% | ||||
| Class Tretail | Class Class T stated fees: management 1.3 percent, servicing 0.8 percent2.10% |
NAV/share $22.93 · all classes
Total assets
$7.43BTotal liabilities
$3.02BNet assets
$4.40BAssets invested
$7.02BLiabilities / net assets
0.69×derivedTotal assets / net assets
1.69×derived10-Q SOAL/FVH ($ thousands scaled). BDC (Sept FY). net_assets ties stored Fund NAV; assets_invested from investments at fair value.
A per-share NAV composition is the monthly disclosure of NAV-struck perpetual REITs; this fund’s valuation — the Level I / II / III fair-value hierarchy and the unobservable inputs behind the marks — renders in The Book · Marks
Cap: 5.0% sh. out./qtr (all windows) · 14 of 15 windows filled in full · 1 prorated · 1 gated
| Window | Req ÷ cap | Requested | Accepted | Price |
|---|---|---|---|---|
| Q1-26⊘accepted 100.0% of shares requested, requests exceeded the stated cap | 1.36× | 13.9M sh | 13.9M sh | $22.38 |
| Q4-25 | 0.85× | 8.3M sh | 8.3M sh | $22.93 |
| Q3-25 | 0.29× | 2.6M sh | 2.6M sh | $23.09 |
| Q2-25 | 0.93× | 7.6M sh | 7.6M sh | $23.14 |
| Q1-25 | 0.13× | 928.0K sh | 928.0K sh | $23.28 |
| Q4-24 | 0.13× | 889.6K sh | 889.6K sh | $23.52 |
| Q3-24 | 0.10× | 622.4K sh | 622.4K sh | $23.56 |
| Q2-24 | 0.13× | 702.7K sh | 702.7K sh | $23.53 |
| Q1-24 | 0.08× | 348.9K sh | 348.9K sh | $23.61 |
| Q4-23 | 0.14× | 446.1K sh | 446.1K sh | $23.62 |
| Q3-23 | 0.10× | 226.5K sh | 226.5K sh | $23.56 |
| Q2-23 | 0.00× | 1.7K sh | 1.7K sh | $23.48 |
| Q1-23 | 0.00× | 0 sh | 0 sh | $23.42 |
| Q4-22 | 0.00× | 0 sh | 0 sh | $23.23 |
| Q3-22 | 0.00× | 0 sh | 0 sh | $23.47 |
⊘ = requests exceeded the stated cap · fill bars on prorated windows only · requested basis: shares tendered · rows expand (tap or e)
Windows observed: 15 · median open-to-pricing 46d · derived from filed window dates
Total notional
$2.10Ball instruments · 03/31/26Rate-swap notional
$1.15Binterest-rate swaps · 03/31/26FX notional
$954MFX forwards / swaps · 03/31/26Net fair value
$22.6Massets − liabilities · ties to balance sheet · 03/31/2615 contracts · derivative assets $22.6M · liabilities −$22.0K. Notional is gross face, not market exposure.
| Instrument | Notional | Pay / receive | Fair value | Maturity | Counterparty |
|---|---|---|---|---|---|
| Interest-rate swap | $400M | floating / fixed 6.19% | $165K | 07/15/30 | BNP Paribas / Morgan Stanley Bank N.A. / Royal Bank of Canada (pool) |
| Interest-rate swap | $400M | floating / fixed 6.50% | $2.74M | 07/23/29 | BNP Paribas / Morgan Stanley Bank N.A. / Royal Bank of Canada (pool) |
| Interest-rate swap | $350M | floating / fixed 8.40% | $5.36M | 11/14/28 | BNP Paribas / Morgan Stanley Bank N.A. / Royal Bank of Canada (pool) |
| FX forwardUSD/EUR | $347M | EUR / USD | $2.15M | 06/11/26 | ING Capital LLC |
| FX forwardGBP/USD | $312M | USD / GBP | $8.67M | 06/11/26 | Bank of New York Mellon |
| FX forwardUSD/EUR | $189M | EUR / USD | $1.12M | 06/11/26 | Bank of New York Mellon |
| FX forwardUSD/DKK | $37.2M | DKK / USD | $1.36M | 06/11/26 | Royal Bank of Canada |
| FX forwardUSD/NOK | $26.9M | NOK / USD | $324K | 06/11/26 | Bank of New York Mellon |
| FX forwardUSD/CAD | $15.6M | CAD / USD | $449K | 06/11/26 | Wells Fargo Securities, LLC |
| FX forwardUSD/CNY | $14.3M | CNY / USD | $107K | 06/11/26 | Wells Fargo Securities, LLC |
| FX forwardUSD/AUD | $5.92M | AUD / USD | $174K | 06/11/26 | Wells Fargo Securities, LLC |
| FX forwardEUR/USD | $5.47M | USD / EUR | −$19.0K | 06/11/26 | Wells Fargo Securities, LLC |
| FX forwardNOK/USD | $412K | USD / NOK | −$2.00K | 06/11/26 | Royal Bank of Canada |
| FX forwardUSD/EUR | $193K | EUR / USD | $2.00K | 06/11/26 | Wells Fargo Securities, LLC |
| FX forwardDKK/USD | $106K | USD / DKK | −$1.00K | 06/11/26 | Royal Bank of Canada |
Committed
$3.88Btotal facility commitments · 09/30/25Drawn
$2.50Boutstanding principal · 64.3% of committed · 09/30/25Undrawn capacity
$1.39Bavailable to draw · 09/30/25| Facility | Type | Committed | Drawn | Rate | Maturity | Seniority |
|---|---|---|---|---|---|---|
| JPM SPV Facility | spv facility | $700M | $566M | SOFR + 150bp | 07/03/30 | secured |
| 2030 Unsecured Notes | Unsecured notes | $400M | $400M | 6.2% | 07/15/30 | unsecured |
| 2029 Unsecured Notes | Unsecured notes | $400M | $400M | 6.5% | 07/23/29 | unsecured |
| ING Credit Agreement | Revolver | $1.24B | $370M | SOFR + 188bp | 04/11/30 | secured |
| 2028 Unsecured Notes | Unsecured notes | $350M | $350M | 8.4% |
| 11/14/28 |
| unsecured |
| DBNY SPV Facility | spv facility | $400M | $280M | SOFR + 160bp | 07/25/29 | secured |
| MS SPV Facility | spv facility | $400M | $133M | SOFR + 160bp | 07/03/29 | secured |
| Filed | Filing | Period / note |
|---|---|---|
| 05/27/26 | Current report | 05/26/26 |
| 05/21/26 | Prospectus supplement | |
| 05/20/26 | Current report | OSCF furnished a Q1 2026 shareholder update showing -0.14% Class I quarterly net return, $7.0B investment fair value, and 0.57x leverage. |
| 05/15/26 | Amended tender offer | 03/16/26 |
| 05/15/26 | Tender offer filing | |
| 05/14/26 | Quarterly report | 03/31/26 |
| 04/24/26 | Current report | 04/23/26 |
| 04/20/26 | Quarterly report | |
| 03/27/26 | Current report | 03/25/26 |
| 03/27/26 | Amended tender offer | |
| 02/25/26 | Current report | 02/24/26 |
| 02/17/26 | Tender offer filing | |
| 02/17/26 | Amended tender offer | 12/31/25 |
| 02/12/26 | Quarterly report | 12/31/25 |
| 02/11/26 | Current report | 02/11/26 |
| 01/27/26 | Current report | 01/26/26 |
| 12/29/25 | Current report | 12/24/25 |
| 12/23/25 | Amended tender offer | |
| 12/18/25 | Annual report | 09/30/25 |
| 11/25/25 | Current report | OSCF disclosed a monthly NAV and portfolio update in its 2025-11-25 8-K. |
| 11/14/25 | Tender offer filing | |
| 11/12/25 | Amended tender offer | 09/30/25 |
| 10/23/25 | Current report | OSCF disclosed a monthly NAV and portfolio update in its 2025-10-23 8-K. |
| 10/01/25 | Current report | 09/29/25 |
| 09/26/25 | Current report | 09/25/25 |
| 08/26/25 | Current report | 08/25/25 |
| 08/15/25 | Tender offer filing | |
| 08/15/25 | Amended tender offer | 06/30/25 |
| 08/13/25 | Quarterly report | 06/30/25 |
| 07/28/25 | Current report | 07/25/25 |
| 07/24/25 | Current report | OSCF disclosed a monthly NAV and portfolio update in its 2025-07-24 8-K. |
| 07/15/25 | Current report | OSCF disclosed a debt financing or notes offering in its 2025-07-15 8-K. |
| 07/09/25 | Current report | 07/08/25 |
| 07/08/25 | Amended tender offer | OSCF disclosed a debt financing or notes offering in its 2025-07-09 8-K. |
| 07/07/25 | Current report | 07/03/25 |
| 06/27/25 | Current report | 06/25/25 |
| 05/28/25 | Current report | 05/27/25 |
| 05/15/25 | Tender offer filing | |
| 05/14/25 | Quarterly report | 03/31/25 |
| 05/12/25 | Amended tender offer | 03/31/25 |
| 04/24/25 | Current report | 04/23/25 |
| 04/16/25 | Current report | 04/11/25 |
| 03/25/25 | Current report | 03/24/25 |
| 02/25/25 | Current report | 02/24/25 |
| 02/14/25 | Tender offer filing | |
| 02/13/25 | Amended tender offer | 12/31/24 |
| 02/12/25 | Quarterly report | 12/31/24 |
| 01/28/25 | Current report | OSCF disclosed a monthly NAV and portfolio update in its 2025-01-28 8-K. |
| 12/31/24 | Registration statement | |
| 12/26/24 | Current report | OSCF disclosed a monthly NAV and portfolio update in its 2024-12-26 8-K. |
Showing the latest 50 of 97 — the complete filing index is above.
ASC-820 hierarchy · band width = share · hover to read
L1 $17.0K 0.0% · L2 $1.20B 17.1% · L3 $5.82B 82.9% · NAVexp $0 0.0%
Unobservable-input ranges: not disclosed in latest annual filing
| Category | Ending | Activity | Coverage |
|---|---|---|---|
| Level 3 Investments | $5.82B | Ending balance only | Ending Balance Only |
NAV practical expedient · 1 observation · $7.02B fair value · 03/31/26
WA yield · to cost
9.1%weighted-avg, amortized cost · 03/31/26WA yield · to fair value
9.1%weighted-avg, fair value · 03/31/26Total return · Class I
8.5%NAV total return · annual · 09/30/25Net expense ratio
7.1%Class I · net of waivers · 09/30/25| Per share | D | I | S | T |
|---|---|---|---|---|
| NAV · begin | $23.56 | $23.56 | $23.56 | — |
| Net investment income | $1.96 | $2.01 | $1.81 | $0.16 |
| Net realized gain/loss | $0.01 | $0.01 | $0.01 | $0.03 |
| Net unrealized gain/loss | −$0.11 | −$0.11 | −$0.11 | −$0.03 |
| Distributions | −$2.33 | −$2.38 | −$2.18 | −$0.17 |
| NAV · end | $23.09 | $23.09 | $23.09 | $23.09 |
| Total return | 8.2% | 8.5% | 7.6% | 0.7% |
| Expense ratio · net | 7.4% | 7.1% | 8.0% | 0.6% |
| Expense ratio · gross | 7.4% | 7.1% | 8.0% | 0.6% |
| NII ratio | 8.4% | 8.6% | 7.8% | 0.7% |
| Portfolio turnover | 30.4% | 30.4% | 30.4% | 30.4% |
| As of | Yield to cost | Yield to fair value | Distribution yield |
|---|---|---|---|
| 03/31/26 | 9.1% | 9.1% | — |
| 12/31/25 | — | 9.1% | — |
| 09/30/25 | — | 9.5% | — |
| 06/30/25 | — | 10.0% | — |
| 03/31/25 | — | 10.0% | — |
| 12/31/24 | — | 10.2% | — |
| 09/30/24 | — | 10.7% | — |
| 06/30/24 | — | 11.2% | — |
| 03/31/24 | — | 11.4% | — |
| 12/31/23 | — | 11.5% | — |
| 09/30/23 | — | 11.8% | — |
| 06/30/23 | — | 12.2% | — |
| Total investment income | $180M |
| — of which PIK (non-cash) | — |
| Net investment income | $96.3M |
| Cash NII (NII − PIK) | — |
| Interest / debt expense | −$47.1M |
| Incentive fee · income | — |
| Fee waiver / expense support | — |
Top issuer
2.1%largest single name · 03/31/26Top 10
15.3%top 10 issuers · ▲ 0.4pt vs 12/31/25 · 03/31/26Top 25
32.5%top 25 issuers · 03/31/26Herfindahl
88.5HHI over all issuers · ▲ 4.0pt vs 12/31/25 · 03/31/26Distinct issuers
165names in book · 03/31/26Co-investment
Not disclosedShares are of the $7.02B portfolio fair value; Herfindahl is Σ(issuer share%)² over all 165 issuers (derived from the schedule of investments).
| # | Issuer | Fair value | Positions | % portfolio |
|---|---|---|---|---|
| 1 | Spruce Bidco I Inc. | $150M | 4 | 2.13% |
| 2 | AVSC Holding Corp. | $121M | 2 | 1.72% |
| 3 | Aurelia Netherlands B.V. | $112M | 1 | 1.60% |
| 4 | Poseidon Midco AB | $105M | 3 | 1.49% |
| 5 | Creek Parent, Inc. | $104M | 1 | 1.48% |
| 6 | Premium Parent, LLC | $103M | 2 | 1.47% |
| 7 | Draken International, LLC | $96.9M | 2 | 1.38% |
| 8 | PPW Aero Buyer, Inc. | $94.8M | 5 | 1.35% |
| 9 | Biscuit Parent, LLC | $93.2M | 2 | 1.33% |
| 10 | Arches Buyer Inc. | $92.3M | 1 | 1.31% |
| 11 | Recess Topco Partnership LP | $91.1M | 1 | 1.30% |
| 12 | USIC Holdings, Inc. | $87.4M | 4 | 1.24% |
| 13 | Truck-Lite Co., LLC | $86.7M | 4 | 1.23% |
| 14 | North Star Acquisitionco, LLC | $85.9M | 8 | 1.22% |
| 15 | Hertz Vehicle Financing III | $85.5M | 1 | 1.22% |
| 16 | Everbridge, Inc. | $84.6M | 2 | 1.21% |
| 17 | Blazing Star Parent, LLC | $83.7M | 1 | 1.19% |
| 18 | Integrity Marketing Acquisition, LLC | $81.2M | 1 | 1.16% |
| 19 | Sorenson Communications, LLC | $77.4M | 1 | 1.10% |
| 20 | RWK Midco AB | $77.0M | 3 | 1.10% |
| 21 | Pike Corporation | $76.4M | 1 | 1.09% |
| 22 | West Star Aviation Acquisition LLC | $75.9M | 2 | 1.08% |
| 23 | PAI Financing Merger Sub LLC | $74.3M | 2 | 1.06% |
| 24 | PetVet Care Centers, LLC | $72.9M | 3 | 1.04% |
| 25 | MRI Software LLC | $72.0M | 5 | 1.02% |
Non-accrual · cost
0.1%% of amortized cost · ▼ 0.2pt vs 12/31/25 · 03/31/26Non-accrual · fair value
0.1%% of fair value · 03/31/26Portfolio companies
160count as the fund reports · 03/31/26Floating rate
93.8%floating-coupon share · 03/31/26PIK income
1.2%% of investment income · 03/31/26Asset coverage
268.3%BDC §18 asset-coverage · 03/31/26Net leverage
0.57×net debt / equity · 03/31/26Debt / equity
0.59×total debt / net assets · 03/31/26PIK income split, the non-accrual time-series and the credit-health watch are also charted in The Book · Credit.
Derived from filed holdings with entity-spine mapping where available (367 of 367 tranches linked). Fair value $7.02B vs holdings $7.02B at the same as-of.
Net unrealized
−$95.5MNet unrealized · % of cost
−1.3%Positions below cost
203 / 367Fair value below cost
51.3%Fair value $7.02B against amortized cost $7.11B across 367 marked positions — the discount carried in NAV (▼ 1.4pt vs 12/31/25). Below-cost positions hold $3.60B of fair value. Aggregated by AltHarbor from the filed schedule of investments, not a single disclosed line.
PIK at fair value
$246MPIK · % of net assets
5.6%PIK positions
10$246M of fair value sits in positions accruing payment-in-kind interest — 5.6% of net assets (▲ 0.8pt vs 12/31/25). This is the non-cash-paying balance on the book, not the PIK share of income; the income split is charted in The Book · Credit.
Known instrument FV
$7.02BKnown instrument · % NAV
159.4%Coded positions
367 / 367| Instrument type | Positions | Fair value | % NAV |
|---|---|---|---|
| LoanLON | 348 | $7.00B | 158.9% |
| EquityEC | 19 | $23.7M | 0.5% |
Known instrument codes total $7.02B (159.4% of net assets) (flat vs 12/31/25). This is the filed line-item instrument split, not the same cut as the First lien headline; First lien is a seniority metric, while this table shows whether each position is coded as loan, equity, or uncoded.
| Borrower | Tranches | Fair value | % NAV |
|---|---|---|---|
| Spruce Bidco I Inc. | 4 | $150M | 3.4% |
| AVSC Holding Corp. | 2 | $121M | 2.7% |
| Aurelia Netherlands B.V. | 1 | $112M | 2.5% |
| Poseidon Midco AB | 3 | $105M | 2.4% |
| Creek Parent, Inc. | 2 | $104M | 2.4% |
| Premium Parent, LLC | 2 | $103M | 2.3% |
Management fee
1.3%annual · on navIncentive fee
12.5%Hard hurdle with catch-up hurdle · 5.0% hurdle| Class | Channel | Servicing | Distribution | Total ex-incentive |
|---|---|---|---|---|
| Class D | Fee-based intermediary / RIA | 0.3% | — | 1.5% |
| Class I | Institutional / direct | 0.0% | — | 1.3% |
| Class S | Retail broker-dealer / wirehouse | 0.8% | — | 2.1% |
| Class T | Transaction-fee / broker-dealer Class T | 0.8% | — | 2.1% |
The two-part incentive-fee mechanics (lookback / per-class expense caps & recapture) are not yet surfaced — they need a dedicated terms table still in the schema queue.
Total unfunded
$911Mgross forward-funding obligation · 03/31/26Borrowers
85names with an unfunded balance · 03/31/2685 portfolio borrowers · ties to the filing's disclosed aggregate within 0.00%.
| # | Borrower | Type | Unfunded | At discretion |
|---|---|---|---|---|
| 1 | Hologic, Inc. | Revolver / DDTL | $62.4M | — |
| 2 | PPW Aero Buyer, Inc. | Revolver / DDTL | $61.2M | — |
| 3 | Empire Bidco AB | Revolver / DDTL | $45.3M | — |
| 4 | RWK Midco AB | Revolver / DDTL | $29.3M | — |
| 5 | Truck-Lite Co., LLC | Revolver / DDTL | $29.2M | — |
| 6 | Pike Corporation | Revolver / DDTL | $27.7M | — |
| 7 | Kairos Intermediateco AB | Revolver / DDTL | $26.7M | — |
| 8 | Integrity Marketing Acquisition, LLC | Revolver / DDTL | $24.5M | — |
| 9 | Draken International, LLC | Revolver / DDTL | $22.2M | — |
| 10 | LDS Buyer, LLC | Revolver / DDTL | $22.1M | — |
| 11 | Spruce Bidco I Inc. | Revolver / DDTL | $20.5M | — |
| 12 | Biscuit Parent, LLC | Revolver / DDTL | $20.1M | — |
| 13 | Everbridge, Inc. | Revolver / DDTL | $19.9M | — |
| 14 | Enverus Holdings, Inc. | Revolver / DDTL | $17.3M | — |
| 15 | Geo Topco Corporation | Revolver / DDTL | $16.5M | — |
| 16 | US WorldMeds Ventures, LLC | Revolver / DDTL | $15.9M | — |
| 17 | Janus Bidco Limited | Revolver / DDTL | $15.8M | — |
| 18 | Creek Parent, Inc. | Revolver / DDTL | $15.2M | — |
| 19 | SEI Holding I Corporation | Revolver / DDTL | $14.4M | — |
| 20 | PAI Financing Merger Sub LLC | Revolver / DDTL | $14.2M | — |
| 21 | TBRS, Inc. | Revolver / DDTL | $14.1M | — |
| 22 | West Star Aviation Acquisition LLC | Revolver / DDTL | $12.5M | — |
| 23 | NFO Orange Buyer LLC | Revolver / DDTL | $12.3M | — |
| 24 | Tequilas Premium, Inc. | Revolver / DDTL | $12.2M | — |
| 25 | F&M BUYER LLC | Revolver / DDTL | $11.4M | — |
top 10 = 22.3% of net assets · sum of filed position percents · 367 positions filed in total · ⊕ paid-in-kind · ⊘ in default
Fair value
$7.02B367 priced positionsAmortized cost
$7.11Baggregate cost basisNet unrealized
−$95.5M-1.34% of cost · derivedPositions in gain
151 / 20346.6% of FV in gainFloating coupon
93.9%of FV w/ stated basisMarked to model
100.0%Level III share of FVPosition-level marks rolled up from the filed schedule of investments: 367 of 367 positions carry an amortized cost, so the net unrealized mark is over that priced subset. Flagged: 10 PIK.Per-borrower cost, mark and unrealized P&L are in The Names; the manager-stated borrower-quality metrics are above.
per-company % as filed — the percent basis varies by filer; fair value is the comparable figure