v3.23.3

Portfolio Investments | 12 Months Ended
--- | ---
Sep. 30, 2023
Schedule of Investments [Abstract] |
Portfolio Investments | Portfolio Investments As of September 30, 2023, 190.8% of net assets at fair value, or $2.9 billion, was invested in 143 portfolio companies, including (i) $141.5 million in subordinated notes and limited liability company ("LLC") equity interests of Senior Loan Fund JV I, LLC ("SLF JV I"), a joint venture through which the Company and Trinity Universal Insurance Company, a subsidiary of Kemper Corporation ("Kemper"), co-invest in senior secured loans of middle-market companies and other corporate debt securities and (ii) $50.0 million in subordinated notes and LLC equity interests of OCSI Glick JV LLC ("Glick JV" and, together with SLF JV I, the "JVs"), a joint venture through which the Company and GF Equity Funding 2014 LLC ("GF Equity Funding") co-invest primarily in senior secured loans of middle-market companies. As of September 30, 2023, 9.6% of net assets at fair value, or $145.5 million, was invested in cash and cash equivalents (including $9.1 million of restricted cash). In comparison, as of September 30, 2022, 200.2% of net assets at fair value, or $2.5 billion, was invested in 149 portfolio investments, including (i) $117.0 million in subordinated notes and LLC equity interests of SLF JV I and (ii) $50.3 million in subordinated notes and LLC equity interests of Glick JV. As of September 30, 2022, 2.1% of net assets at fair value, or $26.4 million, was invested in cash and cash equivalents (including $2.8 million of restricted cash). As of September 30, 2023, 86.5% of the Company's portfolio at fair value consisted of senior secured debt investments and 7.5% consisted of subordinated debt investments, including the debt investments in the JVs. As of September 30, 2022, 86.9% of the Company's portfolio at fair value consisted of senior secured debt investments and 8.1% consisted of subordinated debt investments, including the debt investments in the JVs. The Company also held equity investments in certain of its portfolio companies consisting of common stock, preferred stock, warrants, limited partnership interests or LLC equity interests. These instruments generally do not produce a current return but are held for potential investment appreciation and capital gain. During the years ended September 30, 2023, 2022 and 2021, the Company recorded net realized gains (losses) of $(33.2) million, $17.2 million and $26.4 million, respectively. During the years ended September 30, 2023, 2022 and 2021, the Company recorded net unrealized appreciation (depreciation) of $(28.6) million, $(136.2) million and $114.5 million, respectively. The composition of the Company's investments as of September 30, 2023 and September 30, 2022 at cost and fair value was as follows:
|  | September 30, 2023 |  | September 30, 2022
|  | Cost |  | Fair Value |  | Cost |  | Fair Value
Investments in debt securities |  | $ | 2,654,484 |  |  | $ | 2,557,102 |  |  | $ | 2,294,392 |  |  | $ | 2,223,329 |
Investments in equity securities |  | 171,858 |  |  | 143,767 |  |  | 127,596 |  |  | 103,534 |
Debt investments in the JVs |  | 162,986 |  |  | 162,673 |  |  | 146,444 |  |  | 146,533 |
Equity investments in the JVs |  | 54,791 |  |  | 28,878 |  |  | 49,322 |  |  | 20,715 |
Total |  | $ | 3,044,119 |  |  | $ | 2,892,420 |  |  | $ | 2,617,754 |  |  | $ | 2,494,111 |
The following table presents the composition of the Company's debt investments as of September 30, 2023 and September 30, 2022 at fixed rates and floating rates:
|  | September 30, 2023 |  | September 30, 2022
|  | Fair Value |  | % of Debt Portfolio |  | Fair Value |  | % of Debt Portfolio
Floating rate debt securities, including the debt investments in the JVs |  | $ | 2,345,205 |  |  | 86.23 | % |  | $ | 2,049,644 |  |  | 86.49 | %
Fixed rate debt securities |  | 374,570 |  |  | 13.77 |  |  | 320,218 |  |  | 13.51 |
Total |  | $ | 2,719,775 |  |  | 100.00 | % |  | $ | 2,369,862 |  |  | 100.00 | %
The following table presents the financial instruments carried at fair value as of September 30, 2023 on the Company's Consolidated Statement of Assets and Liabilities for each of the three levels of hierarchy established by ASC 820:
|  | Level 1 |  | Level 2 |  | Level 3 |  | Measured at Net Asset Value (a) |  | Total
Investments in debt securities (senior secured) |  | $ | — |  |  | $ | 208,694 |  |  | $ | 2,292,691 |  |  | $ | — |  |  | $ | 2,501,385 |
Investments in debt securities (subordinated, including the debt investments in the JVs) |  | — |  |  | 28,666 |  |  | 189,724 |  |  | — |  |  | 218,390 |
Investments in equity securities (preferred) |  | — |  |  | — |  |  | 86,057 |  |  | — |  |  | 86,057 |
Investments in equity securities (common and warrants, including LLC equity interests of the JVs) |  | 4,317 |  |  | 1,953 |  |  | 51,440 |  |  | 28,878 |  |  | 86,588 |
Total investments at fair value |  | 4,317 |  |  | 239,313 |  |  | 2,619,912 |  |  | 28,878 |  |  | 2,892,420 |
Cash equivalents |  | 83,262 |  |  | — |  |  | — |  |  | — |  |  | 83,262 |
Derivative assets |  | — |  |  | 4,910 |  |  | — |  |  | — |  |  | 4,910 |
Total assets at fair value |  | $ | 87,579 |  |  | $ | 244,223 |  |  | $ | 2,619,912 |  |  | $ | 28,878 |  |  | $ | 2,980,592 |
Derivative liability |  | $ | — |  |  | $ | 47,519 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,519 |
Total liabilities at fair value |  | $ | — |  |  | $ | 47,519 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,519 |
__________ (a)In accordance with ASC 820-10, certain investments that are measured using the net asset value per share (or its equivalent) as a practical expedient for fair value have not been classified in the fair value hierarchy. These investments are generally not redeemable. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. The following table presents the financial instruments carried at fair value as of September 30, 2022 on the Company's Consolidated Statement of Assets and Liabilities for each of the three levels of hierarchy established by ASC 820:
|  | Level 1 |  | Level 2 |  | Level 3 |  | Measured at Net Asset Value (a) |  | Total
Investments in debt securities (senior secured) |  | $ | — |  |  | $ | 255,803 |  |  | $ | 1,910,606 |  |  | $ | — |  |  | $ | 2,166,409 |
Investments in debt securities (subordinated, including the debt investments in the JVs) |  | — |  |  | 44,065 |  |  | 159,388 |  |  | — |  |  | 203,453 |
Investments in equity securities (preferred) |  | — |  |  | — |  |  | 79,523 |  |  | — |  |  | 79,523 |
Investments in equity securities (common and warrants, including LLC equity interests of the JVs) |  | 4,053 |  |  | — |  |  | 19,958 |  |  | 20,715 |  |  | 44,726 |
Total investments at fair value |  | 4,053 |  |  | 299,868 |  |  | 2,169,475 |  |  | 20,715 |  |  | 2,494,111 |
Cash equivalents |  | 5,261 |  |  | — |  |  | — |  |  | — |  |  | 5,261 |
Derivative assets |  | — |  |  | 6,789 |  |  | — |  |  | — |  |  | 6,789 |
Total assets at fair value |  | $ | 9,314 |  |  | $ | 306,657 |  |  | $ | 2,169,475 |  |  | $ | 20,715 |  |  | $ | 2,506,161 |
Derivative liability |  | $ | — |  |  | $ | 41,969 |  |  | $ | — |  |  | $ | — |  |  | $ | 41,969 |
Total liabilities at fair value |  | $ | — |  |  | $ | 41,969 |  |  | $ | — |  |  | $ | — |  |  | $ | 41,969 |
__________ (a)In accordance with ASC 820-10, certain investments that are measured using the net asset value per share (or its equivalent) as a practical expedient for fair value have not been classified in the fair value hierarchy. These investments are generally not redeemable. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. When a determination is made to classify a financial instrument within Level 3 of the valuation hierarchy, the determination is based upon the fact that the unobservable factors are significant to the overall fair value measurement. However, Level 3 financial instruments typically have both unobservable or Level 3 components and observable components (i.e. components that are actively quoted and can be validated by external sources). Accordingly, the appreciation (depreciation) in the tables below includes changes in fair value due in part to observable factors that are part of the valuation methodology. Transfers between levels are recognized at the beginning of the reporting period. The following table provides a roll-forward in the changes in fair value from September 30, 2022 to September 30, 2023 for all investments for which the Company determined fair value using unobservable (Level 3) factors:
|  | Investments
|  | Senior Secured Debt |  | Subordinated Debt (including debt investments in the JVs) |  | Preferred Equity |  | Common Equity and Warrants |  | Total
Fair value as of September 30, 2022 |  | $ | 1,910,606 |  |  | $ | 159,388 |  |  | $ | 79,523 |  |  | $ | 19,958 |  |  | $ | 2,169,475 |
Purchases (a) |  | 1,080,654 |  |  | 30,690 |  |  | 14,296 |  |  | 5,611 |  |  | 1,131,251 |
Sales and repayments |  | (650,437) |  |  | (1,396) |  |  | — |  |  | (13,894) |  |  | (665,727) |
Transfers in (b)(c) |  | 19,075 |  |  | — |  |  | — |  |  | 40,093 |  |  | 59,168 |
Transfers out (c) |  | (40,093) |  |  | — |  |  | — |  |  | — |  |  | (40,093) |
Capitalized PIK interest income |  | 15,016 |  |  | 628 |  |  | — |  |  | — |  |  | 15,644 |
Accretion of OID |  | 16,322 |  |  | 1,449 |  |  | — |  |  | — |  |  | 17,771 |
Net unrealized appreciation (depreciation) |  | (37,253) |  |  | (1,035) |  |  | (7,762) |  |  | (2,921) |  |  | (48,971) |
Net realized gains (losses) |  | (21,199) |  |  | — |  |  | — |  |  | 2,593 |  |  | (18,606) |
Fair value as of September 30, 2023 |  | $ | 2,292,691 |  |  | $ | 189,724 |  |  | $ | 86,057 |  |  | $ | 51,440 |  |  | $ | 2,619,912 |
Net unrealized appreciation (depreciation) relating to Level 3 investments still held as of September 30, 2023 and reported within net unrealized appreciation (depreciation) in the Consolidated Statement of Operations for the year ended September 30, 2023 |  | $ | (48,680) |  |  | $ | (1,035) |  |  | $ | (7,762) |  |  | $ | (6,513) |  |  | $ | (63,990) |
__________ (a) Includes Level 3 investments acquired in connection with the OSI2 Merger during the year ended September 30, 2023. (b) There was one transfer into Level 3 from Level 2 for an investment during the year ended September 30, 2023 as a result of a change in the number of market quotes available and/or a change in market liquidity. (c) There was one investment restructuring in which Level 3 senior secured debt was exchanged for Level 3 common equity during the year ended September 30, 2023. The following table provides a roll-forward in the changes in fair value from September 30, 2021 to September 30, 2022 for all investments for which the Company determined fair value using unobservable (Level 3) factors:
|  | Investments
|  | Senior Secured Debt |  | Subordinated Debt (including debt investments in the JVs) |  | Preferred Equity |  | Common Equity and Warrants |  | Total
Fair value as of September 30, 2021 |  | $ | 1,878,536 |  |  | $ | 176,317 |  |  | $ | 63,565 |  |  | $ | 43,163 |  |  | $ | 2,161,581 |
Purchases |  | 490,081 |  |  | 7,960 |  |  | 19,662 |  |  | 2,807 |  |  | 520,510 |
Sales and repayments |  | (476,813) |  |  | (22,525) |  |  | (163) |  |  | (13,034) |  |  | (512,535) |
Transfers in (a)(c) |  | 49,843 |  |  | — |  |  | — |  |  | — |  |  | 49,843 |
Transfers out (a)(b) |  | (17,070) |  |  | — |  |  | — |  |  | (5,838) |  |  | (22,908) |
Capitalized PIK interest income |  | 22,855 |  |  | 313 |  |  | — |  |  | — |  |  | 23,168 |
Accretion of OID |  | 24,422 |  |  | 2,060 |  |  | — |  |  | — |  |  | 26,482 |
Net unrealized appreciation (depreciation) |  | (67,455) |  |  | (4,737) |  |  | (3,029) |  |  | (6,642) |  |  | (81,863) |
Net realized gains (losses) |  | 6,207 |  |  | — |  |  | (512) |  |  | (498) |  |  | 5,197 |
Fair value as of September 30, 2022 |  | $ | 1,910,606 |  |  | $ | 159,388 |  |  | $ | 79,523 |  |  | $ | 19,958 |  |  | $ | 2,169,475 |
Net unrealized appreciation (depreciation) relating to Level 3 investments still held as of September 30, 2022 and reported within net unrealized appreciation (depreciation) in the Consolidated Statement of Operations for the year ended September 30, 2022 |  | $ | (53,013) |  |  | $ | (4,885) |  |  | $ | (3,264) |  |  | $ | (11,751) |  |  | $ | (72,913) |
__________ (a) There were transfers into/out of Level 3 from/to Level 2 for certain investments during the year ended September 30, 2022 as a result of a change in the number of market quotes available and/or a change in market liquidity. (b) There was one transfer out of Level 3 in connection with a transaction in which Level 3 common equity was exchanged for Level 1 common equity. (c) There was one transfer into Level 3 from Level 2 as a result of an investment restructuring in which Level 2 senior secured debt was exchanged for Level 3 senior secured debt. Significant Unobservable Inputs for Level 3 Investments The following table provides quantitative information related to the significant unobservable inputs for Level 3 investments, which are carried at fair value, as of September 30, 2023:
Asset |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average (a)
Senior Secured Debt |  | $ | 1,904,140 |  |  | Market Yield |  | Market Yield |  | (b) | 9.0% | - | 32.0% |  | 14.7%
|  | 64,802 |  |  | Enterprise Value |  | EBITDA Multiple |  | (c) | 3.0x | - | 6.0x |  | 4.6x
|  | 33,816 |  |  | Transaction Precedent |  | Transaction Price |  | (d) | N/A | - | N/A |  | N/A
|  | 289,933 |  |  | Broker quotations |  | Broker Quoted Price |  | (e) | N/A | - | N/A |  | N/A
Subordinated Debt |  | 22,881 |  |  | Market Yield |  | Market Yield |  | (b) | 10.0% | - | 22.0% |  | 11.2%
|  | 4,170 |  |  | Broker Quotations |  | Broker Quoted Price |  | (e) | N/A | - | N/A |  | N/A
Debt Investments in the JVs |  | 162,673 |  |  | Enterprise Value |  | N/A |  | (f) | N/A | - | N/A |  | N/A
Preferred & Common Equity |  | 32,318 |  |  | Enterprise Value |  | Revenue Multiple |  | (c) | 0.4x | - | 3.2x |  | 0.5x
|  | 103,661 |  |  | Enterprise Value |  | EBITDA Multiple |  | (c) | 1.7x | - | 15.1x |  | 8.8x
|  | 1,097 |  |  | Enterprise Value |  | Asset Multiple |  | (c) | 1.0x | - | 1.4x |  | 1.4x
|  | 421 |  |  | Transaction Precedent |  | Transaction Price |  | (d) | N/A | - | N/A |  | N/A
Total |  | $ | 2,619,912 |  |  |  |  |  |  |  |  |  |  |  |
__________ (a)Weighted averages are calculated based on fair value of investments. (b)Used when market participants would take into account market yield when pricing the investment. (c)Used when market participants would use such multiples when pricing the investment. (d)Used when there is an observable transaction or pending event for the investment. (e)Oaktree generally uses prices provided by an independent pricing service which are non-binding indicative prices on or near the valuation date as the primary basis for the fair value determinations for quoted senior secured debt investments. Since these prices are non-binding, they may not be indicative of fair value. Oaktree evaluates the quotations provided by pricing vendors and brokers based on available market information, including trading activity of the subject or similar securities, or by performing a comparable security analysis to ensure that fair values are reasonably estimated. (f)Oaktree determined the value of its subordinated notes of each JV based on the total assets less the total liabilities senior to the subordinated notes held at such JV in an amount not exceeding par under the EV technique. The following table provides quantitative information related to the significant unobservable inputs for Level 3 investments, which are carried at fair value, as of September 30, 2022:
Asset |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average (a)
Senior Secured Debt |  | $ | 1,599,148 |  |  | Market Yield |  | Market Yield |  | (b) | 9.0% | - | 30.0% |  | 13.7%
|  | 14,333 |  |  | Enterprise Value |  | EBITDA Multiple |  | (c) | 5.0x | - | 7.0x |  | 6.0x
|  | 297,125 |  |  | Broker Quotations |  | Broker Quoted Price |  | (e) | N/A | - | N/A |  | N/A
Subordinated Debt |  | 12,855 |  |  | Market Yield |  | Market Yield |  | (b) | 10.0% | - | 19.0% |  | 13.8%
Debt Investments in the JVs |  | 146,533 |  |  | Enterprise Value |  | N/A |  | (f) | N/A | - | N/A |  | N/A
Preferred & Common Equity |  | 61,693 |  |  | Enterprise Value |  | Revenue Multiple |  | (c) | 0.4x | - | 10.1x |  | 4.3x
|  | 36,913 |  |  | Enterprise Value |  | EBITDA Multiple |  | (c) | 3.0x | - | 20.0x |  | 11.4x
|  | 3 |  |  | Enterprise Value |  | Asset Multiple |  | (c) | 0.9x | - | 1.1x |  | 1.0x
|  | 872 |  |  | Transaction Precedent |  | Transaction Price |  | (d) | N/A | - | N/A |  | N/A
Total |  | $ | 2,169,475 |  |  |  |  |  |  |  |  |  |  |  |
__________ (a)Weighted averages are calculated based on fair value of investments. (b)Used when market participants would take into account market yield when pricing the investment. (c)Used when market participants would use such multiples when pricing the investment. (d)Used when there is an observable transaction or pending event for the investment. (e)Oaktree generally uses prices provided by an independent pricing service which are non-binding indicative prices on or near the valuation date as the primary basis for the fair value determinations for quoted senior secured debt investments. Since these prices are non-binding, they may not be indicative of fair value. Oaktree evaluates the quotations provided by pricing vendors and brokers based on available market information, including trading activity of the subject or similar securities, or by performing a comparable security analysis to ensure that fair values are reasonably estimated. (f)Oaktree determined the value of its subordinated notes of each JV based on the total assets less the total liabilities senior to the subordinated notes held at such JV in an amount not exceeding par under the EV technique. Under the market yield technique, the significant unobservable input used in the fair value measurement of the Company's investments in debt securities is the market yield. Increases or decreases in the market yield may result in a lower or higher fair value measurement, respectively. Under the EV technique, the significant unobservable input used in the fair value measurement of the Company's investments in debt or equity securities is the earnings before interest, taxes, depreciation and amortization ("EBITDA"), revenue or asset multiple, as applicable. Increases or decreases in the valuation multiples in isolation may result in a higher or lower fair value measurement, respectively. Financial Instruments Disclosed, But Not Carried, At Fair Value The following table presents the carrying value and fair value of the Company's financial liabilities disclosed, but not carried, at fair value as of September 30, 2023 and the level of each financial liability within the fair value hierarchy:
|  | Carrying Value |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Syndicated Facility payable |  | $ | 430,000 |  |  | $ | 430,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 430,000 |
OSI2 Citibank Facility payable |  | 280,000 |  |  | 280,000 |  |  | — |  |  | — |  |  | 280,000 |
2025 Notes payable (carrying value is net of unamortized financing costs and unaccreted discount) |  | 298,241 |  |  | 286,437 |  |  | — |  |  | 286,437 |  |  | — |
2027 Notes payable (carrying value is net of unamortized financing costs, unaccreted discount and interest rate swap fair value adjustment) |  | 306,412 |  |  | 301,784 |  |  | — |  |  | 301,784 |  |  | — |
2029 Notes payable (carrying value is net of unamortized financing costs, unaccreted discount and interest rate swap fair value adjustment) |  | 286,078 |  |  | 289,980 |  |  | — |  |  | 289,980 |  |  | — |
Total |  | $ | 1,600,731 |  |  | $ | 1,588,201 |  |  | $ | — |  |  | $ | 878,201 |  |  | $ | 710,000 |
The following table presents the carrying value and fair value of the Company's financial liabilities disclosed, but not carried, at fair value as of September 30, 2022 and the level of each financial liability within the fair value hierarchy:
|  | Carrying Value |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Syndicated Facility payable |  | $ | 540,000 |  |  | $ | 540,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 540,000 |
Citibank Facility payable |  | 160,000 |  |  | 160,000 |  |  | — |  |  | — |  |  | 160,000 |
2025 Notes payable (carrying value is net of unamortized financing costs and unaccreted discount) |  | 296,991 |  |  | 283,077 |  |  | — |  |  | 283,077 |  |  | — |
2027 Notes payable (carrying value is net of unamortized financing costs, unaccreted discount and interest rate swap fair value adjustment) |  | 304,052 |  |  | 294,028 |  |  | — |  |  | 294,028 |  |  | — |
Total |  | $ | 1,301,043 |  |  | $ | 1,277,105 |  |  | $ | — |  |  | $ | 577,105 |  |  | $ | 700,000 |
The principal values of the credit facilities payable approximate fair value due to their variable interest rates and are included in Level 3 of the hierarchy. Oaktree used market quotes as of the valuation date to estimate the fair value of the Company's 3.500% notes due 2025 (the "2025 Notes"), 2.700% notes due 2027 (the "2027 Notes") and 7.100% notes due 2029 (the "2029 Notes"), which are included in Level 2 of the hierarchy. Portfolio Composition Summaries of the composition of the Company's portfolio at cost as a percentage of total investments and at fair value as a percentage of total investments and net assets are shown in the following tables:
|  | September 30, 2023 |  | September 30, 2022
Cost: |  |  |  | % of Total Investments |  |  |  | % of Total Investments
Senior secured debt |  | $ | 2,594,640 |  |  | 85.24 | % |  | $ | 2,227,245 |  |  | 85.08 | %
Debt investments in the JVs |  | 162,986 |  |  | 5.35 | % |  | 146,444 |  |  | 5.59 | %
Preferred equity |  | 99,597 |  |  | 3.27 | % |  | 85,300 |  |  | 3.26 | %
Common equity and warrants |  | 72,261 |  |  | 2.37 | % |  | 42,296 |  |  | 1.62 | %
Subordinated debt |  | 59,844 |  |  | 1.97 | % |  | 67,147 |  |  | 2.57 | %
LLC equity interests of the JVs |  | 54,791 |  |  | 1.80 | % |  | 49,322 |  |  | 1.88 | %
Total |  | $ | 3,044,119 |  |  | 100.00 | % |  | $ | 2,617,754 |  |  | 100.00 | %
|  | September 30, 2023 |  | September 30, 2022
Fair Value: |  |  |  | % of Total Investments |  | % of Net Assets |  |  |  | % of Total Investments |  | % of Net Assets
Senior secured debt |  | $ | 2,501,385 |  |  | 86.47 | % |  | 165.01 | % |  | $ | 2,166,409 |  |  | 86.86 | % |  | 173.93 | %
Debt investments in the JVs |  | 162,673 |  |  | 5.62 | % |  | 10.73 | % |  | 146,533 |  |  | 5.88 | % |  | 11.77 | %
Preferred equity |  | 86,057 |  |  | 2.98 | % |  | 5.68 | % |  | 79,523 |  |  | 3.19 | % |  | 6.38 | %
Common equity and warrants |  | 57,710 |  |  | 2.00 | % |  | 3.81 | % |  | 24,011 |  |  | 0.96 | % |  | 1.93 | %
Subordinated debt |  | 55,717 |  |  | 1.93 | % |  | 3.68 | % |  | 56,920 |  |  | 2.28 | % |  | 4.57 | %
LLC equity interests of the JVs |  | 28,878 |  |  | 1.00 | % |  | 1.91 | % |  | 20,715 |  |  | 0.83 | % |  | 1.66 | %
Total |  | $ | 2,892,420 |  |  | 100.00 | % |  | 190.82 | % |  | $ | 2,494,111 |  |  | 100.00 | % |  | 200.24 | %
The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company's business. The following tables show the composition of the Company's portfolio by geographic region at cost as a percentage of total investments and at fair value as a percentage of total investments and net assets:
|  | September 30, 2023 |  | September 30, 2022
Cost: |  |  |  | % of Total Investments |  |  |  | % of Total Investments
Northeast |  | $ | 1,012,955 |  |  | 33.27 | % |  | $ | 747,420 |  |  | 28.55 | %
International |  | 418,595 |  |  | 13.75 | % |  | 301,242 |  |  | 11.51 | %
West |  | 393,390 |  |  | 12.92 | % |  | 358,306 |  |  | 13.69 | %
Southeast |  | 375,247 |  |  | 12.33 | % |  | 356,041 |  |  | 13.60 | %
Midwest |  | 360,506 |  |  | 11.84 | % |  | 373,236 |  |  | 14.26 | %
South |  | 202,374 |  |  | 6.65 | % |  | 168,819 |  |  | 6.45 | %
Southwest |  | 153,318 |  |  | 5.04 | % |  | 221,308 |  |  | 8.45 | %
Northwest |  | 127,734 |  |  | 4.20 | % |  | 91,382 |  |  | 3.49 | %
Total |  | $ | 3,044,119 |  |  | 100.00 | % |  | $ | 2,617,754 |  |  | 100.00 | %
|  | September 30, 2023 |  | September 30, 2022
Fair Value: |  |  |  | % of Total Investments |  | % of Net Assets |  |  |  | % of Total Investments |  | % of Net Assets
Northeast |  | $ | 945,422 |  |  | 32.69 | % |  | 62.37 | % |  | $ | 696,368 |  |  | 27.93 | % |  | 55.90 | %
International |  | 414,079 |  |  | 14.32 | % |  | 27.32 | % |  | 279,646 |  |  | 11.21 | % |  | 22.45 | %
West |  | 384,055 |  |  | 13.28 | % |  | 25.34 | % |  | 345,251 |  |  | 13.84 | % |  | 27.72 | %
Southeast |  | 354,444 |  |  | 12.25 | % |  | 23.38 | % |  | 344,567 |  |  | 13.82 | % |  | 27.66 | %
Midwest |  | 350,620 |  |  | 12.12 | % |  | 23.13 | % |  | 356,934 |  |  | 14.31 | % |  | 28.66 | %
South |  | 188,541 |  |  | 6.52 | % |  | 12.44 | % |  | 166,230 |  |  | 6.66 | % |  | 13.35 | %
Southwest |  | 130,455 |  |  | 4.51 | % |  | 8.61 | % |  | 214,984 |  |  | 8.62 | % |  | 17.26 | %
Northwest |  | 124,804 |  |  | 4.31 | % |  | 8.23 | % |  | 90,131 |  |  | 3.61 | % |  | 7.24 | %
Total |  | $ | 2,892,420 |  |  | 100.00 | % |  | 190.82 | % |  | $ | 2,494,111 |  |  | 100.00 | % |  | 200.24 | %
The following tables show the composition of the Company's portfolio by industry at cost as a percentage of total investments and at fair value as a percentage of total investments and net assets as of September 30, 2023 and September 30, 2022:
|  | September 30, 2023 |  | September 30, 2022
Cost: |  |  |  | % of Total Investments |  |  |  | % of Total Investments
Application Software |  | $ | 468,483 |  |  | 15.39 | % |  | $ | 391,938 |  |  | 14.98 | %
Multi-Sector Holdings (1) |  | 219,469 |  |  | 7.21 |  |  | 195,766 |  |  | 7.48 |
Data Processing & Outsourced Services |  | 133,410 |  |  | 4.38 |  |  | 120,477 |  |  | 4.60 |
Biotechnology |  | 126,349 |  |  | 4.15 |  |  | 109,960 |  |  | 4.20 |
Health Care Technology |  | 106,915 |  |  | 3.51 |  |  | 100,084 |  |  | 3.82 |
Industrial Machinery & Supplies & Components |  | 99,511 |  |  | 3.27 |  |  | 81,787 |  |  | 3.12 |
Pharmaceuticals |  | 84,948 |  |  | 2.79 |  |  | 126,508 |  |  | 4.83 |
Real Estate Operating Companies |  | 83,754 |  |  | 2.75 |  |  | 47,585 |  |  | 1.82 |
Broadline Retail |  | 83,290 |  |  | 2.74 |  |  | 67,926 |  |  | 2.59 |
Health Care Services |  | 81,560 |  |  | 2.68 |  |  | 58,674 |  |  | 2.24 |
Specialized Finance |  | 73,035 |  |  | 2.40 |  |  | 80,864 |  |  | 3.09 |
Personal Care Products |  | 68,146 |  |  | 2.24 |  |  | 53,214 |  |  | 2.03 |
Fertilizers & Agricultural Chemicals |  | 64,720 |  |  | 2.13 |  |  | 49,301 |  |  | 1.88 |
Environmental & Facilities Services |  | 63,064 |  |  | 2.07 |  |  | 20,857 |  |  | 0.80 |
Health Care Distributors |  | 62,044 |  |  | 2.04 |  |  | 57,112 |  |  | 2.18 |
Diversified Financial Services |  | 61,725 |  |  | 2.03 |  |  | 29,300 |  |  | 1.12 |
Internet Services & Infrastructure |  | 60,934 |  |  | 2.00 |  |  | 54,095 |  |  | 2.07 |
Automotive Retail |  | 57,596 |  |  | 1.89 |  |  | 59,254 |  |  | 2.26 |
Airport Services |  | 55,961 |  |  | 1.84 |  |  | 43,322 |  |  | 1.65 |
Metal, Glass & Plastic Containers |  | 55,530 |  |  | 1.82 |  |  | 47,704 |  |  | 1.82 |
Home Improvement Retail |  | 54,236 |  |  | 1.78 |  |  | 45,802 |  |  | 1.75 |
Insurance Brokers |  | 52,856 |  |  | 1.74 |  |  | 35,628 |  |  | 1.36 |
Aerospace & Defense |  | 51,797 |  |  | 1.70 |  |  | 61,963 |  |  | 2.37 |
Diversified Metals & Mining |  | 49,842 |  |  | 1.64 |  |  | — |  |  | — |
Auto Parts & Equipment |  | 48,536 |  |  | 1.59 |  |  | 12,474 |  |  | 0.48 |
Real Estate Services |  | 44,717 |  |  | 1.47 |  |  | 40,243 |  |  | 1.54 |
Soft Drinks & Non-alcoholic Beverages |  | 42,628 |  |  | 1.40 |  |  | — |  |  | — |
Other Specialty Retail |  | 41,088 |  |  | 1.35 |  |  | — |  |  | — |
Leisure Facilities |  | 39,076 |  |  | 1.28 |  |  | 39,768 |  |  | 1.52 |
Specialty Chemicals |  | 38,640 |  |  | 1.27 |  |  | 37,319 |  |  | 1.43 |
Distributors |  | 37,666 |  |  | 1.24 |  |  | 25,278 |  |  | 0.97 |
Electrical Components & Equipment |  | 32,440 |  |  | 1.07 |  |  | 33,814 |  |  | 1.29 |
Advertising |  | 25,597 |  |  | 0.84 |  |  | 28,245 |  |  | 1.08 |
Passenger Airlines |  | 24,920 |  |  | 0.82 |  |  | — |  |  | — |
Real Estate Development |  | 23,965 |  |  | 0.79 |  |  | — |  |  | — |
Home Furnishings |  | 23,859 |  |  | 0.78 |  |  | 19,550 |  |  | 0.75 |
Diversified Support Services |  | 23,435 |  |  | 0.77 |  |  | 37,992 |  |  | 1.45 |
Gold |  | 23,310 |  |  | 0.77 |  |  | — |  |  | — |
Systems Software |  | 23,111 |  |  | 0.76 |  |  | 14,890 |  |  | 0.57 |
Health Care Equipment |  | 22,441 |  |  | 0.74 |  |  | 24,353 |  |  | 0.93 |
Construction & Engineering |  | 22,102 |  |  | 0.73 |  |  | 60,996 |  |  | 2.33 |
Oil & Gas Storage & Transportation |  | 22,042 |  |  | 0.72 |  |  | 22,290 |  |  | 0.85 |
Interactive Media & Services |  | 19,013 |  |  | 0.62 |  |  | — |  |  | — |
Integrated Telecommunication Services |  | 18,801 |  |  | 0.62 |  |  | 34,628 |  |  | 1.32 |
Hotels, Resorts & Cruise Lines |  | 17,195 |  |  | 0.56 |  |  | 13,960 |  |  | 0.53 |
Consumer Finance |  | 16,440 |  |  | 0.54 |  |  | 14,492 |  |  | 0.55 |
Education Services |  | 13,871 |  |  | 0.46 |  |  | 9,080 |  |  | 0.35 |
Restaurants |  | 12,603 |  |  | 0.41 |  |  | 9,338 |  |  | 0.36 |
Movies & Entertainment |  | 12,188 |  |  | 0.40 |  |  | 26,161 |  |  | 1.00 |
Health Care Supplies |  | 11,646 |  |  | 0.38 |  |  | 36,471 |  |  | 1.39 |
Food Distributors |  | 5,897 |  |  | 0.19 |  |  | 4,646 |  |  | 0.18 |
Apparel Retail |  | 4,999 |  |  | 0.16 |  |  | 5,268 |  |  | 0.20 |
Air Freight & Logistics |  | 4,925 |  |  | 0.16 |  |  | 7,295 |  |  | 0.28 |
Integrated Oil & Gas |  | 4,894 |  |  | 0.16 |  |  | 4,866 |  |  | 0.19 |
Research & Consulting Services |  | 4,871 |  |  | 0.16 |  |  | 9,187 |  |  | 0.35 |
Cable & Satellite |  | 4,619 |  |  | 0.15 |  |  | 20,716 |  |  | 0.79 |
Other Specialized REITs |  | 4,379 |  |  | 0.14 |  |  | — |  |  | — |
Paper & Plastic Packaging Products & Materials |  | 3,254 |  |  | 0.11 |  |  | — |  |  | — |
Housewares & Specialties |  | 2,908 |  |  | 0.10 |  |  | 2,293 |  |  | 0.09 |
Leisure Products |  | 2,055 |  |  | 0.07 |  |  | — |  |  | — |
Technology Distributors |  | 813 |  |  | 0.03 |  |  | 3,163 |  |  | 0.12 |
Soft Drinks |  | — |  |  | — |  |  | 34,272 |  |  | 1.31 |
IT Consulting & Other Services |  | — |  |  | — |  |  | 11,697 |  |  | 0.45 |
Oil & Gas Refining & Marketing |  | — |  |  | — |  |  | 8,627 |  |  | 0.33 |
Trading Companies & Distributors |  | — |  |  | — |  |  | 7,628 |  |  | 0.29 |
Apparel, Accessories & Luxury Goods |  | — |  |  | — |  |  | 5,165 |  |  | 0.20 |
Specialized REITs |  | — |  |  | — |  |  | 4,318 |  |  | 0.16 |
Diversified Banks |  | — |  |  | — |  |  | 3,515 |  |  | 0.13 |
Construction Materials |  | — |  |  | — |  |  | 2,331 |  |  | 0.09 |
Electronic Components |  | — |  |  | — |  |  | 2,092 |  |  | 0.08 |
Alternative Carriers |  | — |  |  | — |  |  | 212 |  |  | 0.01 |
|  | $ | 3,044,119 |  |  | 100.00 | % |  | $ | 2,617,754 |  |  | 100.00 | %
|  | September 30, 2023 |  | September 30, 2022
Fair Value: |  |  |  | % of Total Investments |  | % of Net Assets |  |  |  | % of Total Investments |  | % of Net Assets
Application Software |  | $ | 455,719 |  |  | 15.73 | % |  | 30.03 | % |  | $ | 384,589 |  |  | 15.43 | % |  | 30.87 | %
Multi-Sector Holdings (1) |  | 193,431 |  |  | 6.69 |  |  | 12.76 |  |  | 167,248 |  |  | 6.71 |  |  | 13.43 |
Biotechnology |  | 125,678 |  |  | 4.35 |  |  | 8.29 |  |  | 108,465 |  |  | 4.35 |  |  | 8.71 |
Data Processing & Outsourced Services |  | 125,259 |  |  | 4.33 |  |  | 8.26 |  |  | 111,335 |  |  | 4.46 |  |  | 8.94 |
Industrial Machinery & Supplies & Components |  | 98,352 |  |  | 3.40 |  |  | 6.49 |  |  | 81,008 |  |  | 3.25 |  |  | 6.50 |
Health Care Technology |  | 95,404 |  |  | 3.30 |  |  | 6.29 |  |  | 97,315 |  |  | 3.90 |  |  | 7.81 |
Real Estate Operating Companies |  | 82,463 |  |  | 2.85 |  |  | 5.44 |  |  | 48,062 |  |  | 1.93 |  |  | 3.86 |
Pharmaceuticals |  | 80,455 |  |  | 2.78 |  |  | 5.31 |  |  | 119,511 |  |  | 4.79 |  |  | 9.59 |
Specialized Finance |  | 69,590 |  |  | 2.41 |  |  | 4.59 |  |  | 73,087 |  |  | 2.93 |  |  | 5.87 |
Broadline Retail |  | 69,040 |  |  | 2.39 |  |  | 4.55 |  |  | 70,419 |  |  | 2.82 |  |  | 5.65 |
Health Care Services |  | 66,683 |  |  | 2.31 |  |  | 4.40 |  |  | 45,943 |  |  | 1.84 |  |  | 3.69 |
Fertilizers & Agricultural Chemicals |  | 63,185 |  |  | 2.18 |  |  | 4.17 |  |  | 51,972 |  |  | 2.08 |  |  | 4.17 |
Environmental & Facilities Services |  | 62,413 |  |  | 2.16 |  |  | 4.12 |  |  | 20,585 |  |  | 0.83 |  |  | 1.65 |
Health Care Distributors |  | 60,865 |  |  | 2.10 |  |  | 4.02 |  |  | 54,662 |  |  | 2.19 |  |  | 4.39 |
Internet Services & Infrastructure |  | 60,579 |  |  | 2.09 |  |  | 4.00 |  |  | 53,797 |  |  | 2.16 |  |  | 4.32 |
Diversified Financial Services |  | 60,003 |  |  | 2.07 |  |  | 3.96 |  |  | 24,326 |  |  | 0.98 |  |  | 1.95 |
Personal Care Products |  | 59,928 |  |  | 2.07 |  |  | 3.95 |  |  | 50,150 |  |  | 2.01 |  |  | 4.03 |
Automotive Retail |  | 55,805 |  |  | 1.93 |  |  | 3.68 |  |  | 57,629 |  |  | 2.31 |  |  | 4.63 |
Airport Services |  | 54,453 |  |  | 1.88 |  |  | 3.59 |  |  | 42,883 |  |  | 1.72 |  |  | 3.44 |
Metal, Glass & Plastic Containers |  | 53,459 |  |  | 1.85 |  |  | 3.53 |  |  | 47,599 |  |  | 1.91 |  |  | 3.82 |
Home Improvement Retail |  | 53,168 |  |  | 1.84 |  |  | 3.51 |  |  | 45,421 |  |  | 1.82 |  |  | 3.65 |
Insurance Brokers |  | 53,050 |  |  | 1.83 |  |  | 3.50 |  |  | 33,081 |  |  | 1.33 |  |  | 2.66 |
Aerospace & Defense |  | 51,862 |  |  | 1.79 |  |  | 3.42 |  |  | 61,881 |  |  | 2.48 |  |  | 4.97 |
Diversified Metals & Mining |  | 49,869 |  |  | 1.72 |  |  | 3.29 |  |  | — |  |  | — |  |  | — |
Auto Parts & Equipment |  | 49,148 |  |  | 1.70 |  |  | 3.24 |  |  | 11,469 |  |  | 0.46 |  |  | 0.92 |
Real Estate Services |  | 43,886 |  |  | 1.52 |  |  | 2.90 |  |  | 39,573 |  |  | 1.59 |  |  | 3.18 |
Soft Drinks & Non-alcoholic Beverages |  | 42,391 |  |  | 1.47 |  |  | 2.80 |  |  | — |  |  | — |  |  | — |
Other Specialty Retail |  | 41,115 |  |  | 1.42 |  |  | 2.71 |  |  | — |  |  | — |  |  | — |
Specialty Chemicals |  | 38,615 |  |  | 1.34 |  |  | 2.55 |  |  | 33,969 |  |  | 1.36 |  |  | 2.73 |
Distributors |  | 37,311 |  |  | 1.29 |  |  | 2.46 |  |  | 24,494 |  |  | 0.98 |  |  | 1.97 |
Leisure Facilities |  | 36,963 |  |  | 1.28 |  |  | 2.44 |  |  | 39,258 |  |  | 1.57 |  |  | 3.15 |
Electrical Components & Equipment |  | 32,573 |  |  | 1.13 |  |  | 2.15 |  |  | 32,933 |  |  | 1.32 |  |  | 2.64 |
Passenger Airlines |  | 27,512 |  |  | 0.95 |  |  | 1.82 |  |  | — |  |  | — |  |  | — |
Real Estate Development |  | 23,679 |  |  | 0.82 |  |  | 1.56 |  |  | — |  |  | — |  |  | — |
Diversified Support Services |  | 23,352 |  |  | 0.81 |  |  | 1.54 |  |  | 36,712 |  |  | 1.47 |  |  | 2.95 |
Gold |  | 23,328 |  |  | 0.81 |  |  | 1.54 |  |  | — |  |  | — |  |  | — |
Health Care Equipment |  | 22,436 |  |  | 0.78 |  |  | 1.48 |  |  | 24,161 |  |  | 0.97 |  |  | 1.94 |
Systems Software |  | 21,968 |  |  | 0.76 |  |  | 1.45 |  |  | 12,834 |  |  | 0.51 |  |  | 1.03 |
Construction & Engineering |  | 21,903 |  |  | 0.76 |  |  | 1.45 |  |  | 61,188 |  |  | 2.45 |  |  | 4.91 |
Home Furnishings |  | 19,954 |  |  | 0.69 |  |  | 1.32 |  |  | 18,188 |  |  | 0.73 |  |  | 1.46 |
Interactive Media & Services |  | 19,199 |  |  | 0.66 |  |  | 1.27 |  |  | — |  |  | — |  |  | — |
Hotels, Resorts & Cruise Lines |  | 16,991 |  |  | 0.59 |  |  | 1.12 |  |  | 13,985 |  |  | 0.56 |  |  | 1.12 |
Integrated Telecommunication Services |  | 16,492 |  |  | 0.57 |  |  | 1.09 |  |  | 32,201 |  |  | 1.29 |  |  | 2.59 |
Oil & Gas Storage & Transportation |  | 16,040 |  |  | 0.55 |  |  | 1.06 |  |  | 20,853 |  |  | 0.84 |  |  | 1.67 |
Consumer Finance |  | 15,087 |  |  | 0.52 |  |  | 1.00 |  |  | 13,284 |  |  | 0.53 |  |  | 1.07 |
Education Services |  | 13,618 |  |  | 0.47 |  |  | 0.90 |  |  | 8,582 |  |  | 0.34 |  |  | 0.69 |
Restaurants |  | 12,464 |  |  | 0.43 |  |  | 0.82 |  |  | 8,692 |  |  | 0.35 |  |  | 0.70 |
Advertising |  | 11,955 |  |  | 0.41 |  |  | 0.79 |  |  | 26,948 |  |  | 1.08 |  |  | 2.16 |
Movies & Entertainment |  | 11,865 |  |  | 0.41 |  |  | 0.78 |  |  | 26,645 |  |  | 1.07 |  |  | 2.14 |
Health Care Supplies |  | 11,363 |  |  | 0.39 |  |  | 0.75 |  |  | 36,577 |  |  | 1.47 |  |  | 2.94 |
Food Distributors |  | 5,166 |  |  | 0.18 |  |  | 0.34 |  |  | 3,367 |  |  | 0.13 |  |  | 0.27 |
Apparel Retail |  | 5,002 |  |  | 0.17 |  |  | 0.33 |  |  | 5,223 |  |  | 0.21 |  |  | 0.42 |
Research & Consulting Services |  | 4,831 |  |  | 0.17 |  |  | 0.32 |  |  | 8,573 |  |  | 0.34 |  |  | 0.69 |
Integrated Oil & Gas |  | 4,785 |  |  | 0.17 |  |  | 0.32 |  |  | 4,872 |  |  | 0.20 |  |  | 0.39 |
Cable & Satellite |  | 4,546 |  |  | 0.16 |  |  | 0.30 |  |  | 19,576 |  |  | 0.78 |  |  | 1.57 |
Air Freight & Logistics |  | 4,263 |  |  | 0.15 |  |  | 0.28 |  |  | 6,405 |  |  | 0.26 |  |  | 0.51 |
Other Specialized REITs |  | 3,198 |  |  | 0.11 |  |  | 0.21 |  |  | — |  |  | — |  |  | — |
Paper & Plastic Packaging Products & Materials |  | 3,061 |  |  | 0.11 |  |  | 0.20 |  |  | — |  |  | — |  |  | — |
Housewares & Specialties |  | 2,808 |  |  | 0.10 |  |  | 0.19 |  |  | 2,456 |  |  | 0.10 |  |  | 0.20 |
Leisure Products |  | 2,063 |  |  | 0.07 |  |  | 0.14 |  |  | — |  |  | — |  |  | — |
Technology Distributors |  | 776 |  |  | 0.03 |  |  | 0.05 |  |  | 2,997 |  |  | 0.12 |  |  | 0.24 |
Soft Drinks |  | — |  |  | — |  |  | — |  |  | 33,670 |  |  | 1.35 |  |  | 2.70 |
Oil & Gas Refining & Marketing |  | — |  |  | — |  |  | — |  |  | 8,604 |  |  | 0.34 |  |  | 0.69 |
IT Consulting & Other Services |  | — |  |  | — |  |  | — |  |  | 8,596 |  |  | 0.34 |  |  | 0.69 |
Trading Companies & Distributors |  | — |  |  | — |  |  | — |  |  | 5,567 |  |  | 0.22 |  |  | 0.45 |
Diversified Banks |  | — |  |  | — |  |  | — |  |  | 3,402 |  |  | 0.14 |  |  | 0.27 |
Specialized REITs |  | — |  |  | — |  |  | — |  |  | 3,264 |  |  | 0.13 |  |  | 0.26 |
Construction Materials |  | — |  |  | — |  |  | — |  |  | 1,934 |  |  | 0.08 |  |  | 0.16 |
Electronic Components |  | — |  |  | — |  |  | — |  |  | 1,890 |  |  | 0.08 |  |  | 0.15 |
Alternative Carriers |  | — |  |  | — |  |  | — |  |  | 201 |  |  | 0.01 |  |  | 0.02 |
Total |  | $ | 2,892,420 |  |  | 100.00 | % |  | 190.82 | % |  | $ | 2,494,111 |  |  | 100.00 | % |  | 200.24 | %
___________________ (1)This industry includes the Company's investments in the JVs. As of September 30, 2023 and September 30, 2022, the Company had no single investment that represented greater than 10% of the total investment portfolio at fair value. Income, consisting of interest, dividends, fees, other investment income and realization of gains or losses, may fluctuate and in any given period can be highly concentrated among several investments. Senior Loan Fund JV I, LLC In May 2014, the Company entered into an LLC agreement with Kemper to form SLF JV I. The Company co-invests in senior secured loans of middle-market companies and other corporate debt securities with Kemper through its investment in SLF JV I. SLF JV I is managed by a four person Board of Directors, two of whom are selected by the Company and two of whom are selected by Kemper. All portfolio decisions and investment decisions in respect of SLF JV I must be approved by the SLF JV I investment committee, which consists of one representative selected by the Company and one representative selected by Kemper (with approval from a representative of each required). Since the Company does not have a controlling financial interest in SLF JV I, the Company does not consolidate SLF JV I. SLF JV I is capitalized pro rata with LLC equity interests as transactions are completed and may be capitalized with additional subordinated notes issued to the Company and Kemper by SLF JV I. The subordinated notes issued by SLF JV I (the "SLF JV I Notes") are senior in right of payment to SLF JV I LLC equity interests and subordinated in right of payment to SLF JV I’s secured debt. As of September 30, 2023 and September 30, 2022, the Company and Kemper owned, in the aggregate, 87.5% and 12.5%, respectively, of the LLC equity interests of SLF JV I and the outstanding SLF JV I Notes. SLF JV I is not an "eligible portfolio company" as defined in section 2(a)(46) of the Investment Company Act. SLF JV I has a revolving credit facility with Bank of America, N.A. (the "SLF JV I Facility"), which permitted up to $270.0 million of borrowings (subject to borrowing base and other limitations) as of September 30, 2023. Borrowings under the SLF JV I Facility are secured by all of the assets of SLF JV I Funding II LLC, a special purpose financing subsidiary of SLF JV I. As of September 30, 2023, the revolving period of the SLF JV I Facility was scheduled to expire August 12, 2026 and the maturity date was August 17, 2026. As of September 30, 2023, borrowings under the SLF JV I Facility accrued interest at a rate equal to daily SOFR plus 2.00% per annum. $149.0 million of borrowings were outstanding under the SLF JV I Facility as of September 30, 2023. As of September 30, 2023 and September 30, 2022, SLF JV I had total assets of $376.1 million and $385.2 million, respectively. SLF JV I's portfolio primarily consisted of senior secured loans to 48 and 60 portfolio companies as of September 30, 2023 and September 30, 2022, respectively. The portfolio companies in SLF JV I are in industries similar to those in which the Company may invest directly. As of September 30, 2023, the Company's investment in SLF JV I consisted of LLC equity interests and SLF JV I Notes of $141.5 million in aggregate, at fair value. As of September 30, 2022, the Company's investment in SLF JV I consisted of LLC equity interests and SLF JV I Notes of $117.0 million in aggregate, at fair value. As of September 30, 2023, the Company and Kemper had funded approximately $190.5 million to SLF JV I, of which $166.7 million was from the Company. As of September 30, 2022, the Company and Kemper had funded approximately $165.5 million to SLF JV I, of which $144.8 million was from the Company. As of September 30, 2023, the Company had aggregate commitments to fund SLF JV I of $13.1 million, of which approximately $9.8 million was to fund additional SLF JV I Notes and approximately $3.3 million was to fund LLC equity interests in SLF JV I. During the year ended September 30, 2023, the Company contributed $16.4 million to fund additional SLF JV I Notes and approximately $5.5 million to fund additional LLC equity interests in SLF JV I. As of September 30, 2022, the Company had aggregate commitments to fund SLF JV I of $35.0 million, of which approximately $26.2 million was to fund additional SLF JV I Notes and approximately $8.8 million was to fund LLC equity interests in SLF JV I. Below is a summary of SLF JV I's portfolio, followed by a listing of the individual loans in SLF JV I's portfolio as of September 30, 2023 and September 30, 2022:
|  | September 30, 2023 |  | September 30, 2022
Senior secured loans (1) |  | $332,637 |  | $383,194
Weighted average interest rate on senior secured loans (2) |  | 10.62% |  | 8.33%
Number of borrowers in SLF JV I |  | 48 |  | 60
Largest exposure to a single borrower (1) |  | $11,286 |  | $10,093
Total of five largest loan exposures to borrowers (1) |  | $54,051 |  | $48,139
__________ (1) At principal amount. (2) Computed using the weighted average annual interest rate on accruing senior secured loans at fair value. SLF JV I Portfolio as of September 30, 2023
Portfolio Company | Industry | Type of Investment | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Shares | Principal | Cost | Fair Value (3) | Notes
Access CIG, LLC | Diversified Support Services | First Lien Term Loan | SOFR+ | 5.00% | 10.32% |  | 8/18/2028 |  | $ | 8,596 |  | $ | 8,503 |  | $ | 8,499 |  |
ADB Companies, LLC | Construction & Engineering | First Lien Term Loan | SOFR+ | 6.50% | 11.90% |  | 12/18/2025 |  | 1,149 |  | 1,135 |  | 1,128 |  | (4)
ADB Companies, LLC | Construction & Engineering | First Lien Term Loan | SOFR+ | 6.50% | 12.15% |  | 12/18/2025 |  | 6,771 |  | 6,701 |  | 6,648 |  | (4)
Altice France S.A. | Integrated Telecommunication Services | First Lien Term Loan | L+ | 4.00% | 9.63% |  | 8/14/2026 |  | 2,969 |  | 2,853 |  | 2,810 |  |
Alvogen Pharma US, Inc. | Pharmaceuticals | First Lien Term Loan | SOFR+ | 7.50% | 13.04% |  | 6/30/2025 |  | 8,798 |  | 8,737 |  | 8,218 |  | (4)
American Rock Salt Company LLC | Diversified Metals & Mining | First Lien Term Loan | SOFR+ | 4.00% | 9.43% |  | 6/9/2028 |  | 4,957 |  | 4,734 |  | 4,614 |  |
American Tire Distributors, Inc. | Distributors | First Lien Term Loan | SOFR+ | 6.25% | 11.81% |  | 10/20/2028 |  | 4,824 |  | 4,763 |  | 4,239 |  | (4)
Amplify Finco Pty Ltd. | Movies & Entertainment | First Lien Term Loan | SOFR+ | 4.15% | 9.54% |  | 11/26/2026 |  | 7,720 |  | 7,643 |  | 7,720 |  |
Anastasia Parent, LLC | Personal Care Products | First Lien Term Loan | SOFR+ | 3.75% | 9.40% |  | 8/11/2025 |  | 1,523 |  | 1,191 |  | 1,099 |  | (4)
ASP-R-PAC Acquisition Co LLC | Paper & Plastic Packaging Products & Materials | First Lien Revolver | SOFR+ | 6.00% |  |  | 12/29/2027 |  | — |  | (7) |  | (29) |  | (4)(5)
ASP-R-PAC Acquisition Co LLC | Paper & Plastic Packaging Products & Materials | First Lien Term Loan | SOFR+ | 6.00% | 11.63% |  | 12/29/2027 |  | 4,134 |  | 4,076 |  | 3,892 |  | (4)
Astra Acquisition Corp. | Application Software | First Lien Term Loan | SOFR+ | 5.25% | 10.90% |  | 10/25/2028 |  | 5,052 |  | 4,888 |  | 3,817 |  | (4)
Asurion, LLC | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 4.00% | 9.42% |  | 8/19/2028 |  | 4,950 |  | 4,747 |  | 4,809 |  |
Asurion, LLC | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 4.25% | 9.67% |  | 8/19/2028 |  | 1,990 |  | 1,884 |  | 1,937 |  |
Asurion, LLC | Property & Casualty Insurance | Second Lien Term Loan | SOFR+ | 5.25% | 10.68% |  | 1/20/2029 |  | 4,346 |  | 4,036 |  | 3,871 |  |
athenahealth Group Inc. | Health Care Technology | First Lien Term Loan | SOFR+ | 3.25% | 8.57% |  | 2/15/2029 |  | 4,320 |  | 4,080 |  | 4,251 |  |
Aurora Lux Finco S.À.R.L. | Airport Services | First Lien Term Loan | SOFR+ | 6.00% | 11.49% |  | 12/24/2026 |  | 6,289 |  | 6,216 |  | 6,028 |  | (4)
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | SOFR+ | 5.00% | 10.65% |  | 6/11/2027 |  | 1,753 |  | 1,742 |  | 1,711 |  | (4)
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | SOFR+ | 5.00% | 10.65% |  | 6/11/2027 |  | 6,306 |  | 6,247 |  | 6,155 |  | (4)
C5 Technology Holdings, LLC | Data Processing & Outsourced Services | Common Stock |  |  |  |  |  | 171 |  |  | — |  | — |  | (4)
C5 Technology Holdings, LLC | Data Processing & Outsourced Services | Preferred Equity |  |  |  |  |  | 7,193,540 |  |  | 7,194 |  | 5,683 |  | (4)
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Term Loan | SOFR+ | 6.00% | 11.55% |  | 8/10/2027 |  | 2,354 |  | 2,322 |  | 2,281 |  |
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Term Loan | SOFR+ | 6.00% | 11.55% |  | 8/10/2027 |  | 1,983 |  | 1,954 |  | 1,921 |  |
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Revolver | SOFR+ | 6.00% | 11.57% |  | 8/10/2027 |  | 600 |  | 592 |  | 581 |  |
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Term Loan | SOFR+ | 6.00% | 11.55% |  | 8/10/2027 |  | 1,960 |  | 1,935 |  | 1,899 |  |
Covetrus, Inc. | Health Care Distributors | First Lien Term Loan | SOFR+ | 5.00% | 10.39% |  | 10/13/2029 |  | 6,343 |  | 5,983 |  | 6,285 |  | (4)
Curium Bidco S.à.r.l. | Biotechnology | First Lien Term Loan | SOFR+ | 4.50% | 9.89% |  | 7/31/2029 |  | 8,730 |  | 8,642 |  | 8,730 |  |
DirecTV Financing, LLC | Cable & Satellite | First Lien Term Loan | SOFR+ | 5.00% | 10.43% |  | 8/2/2027 |  | 5,799 |  | 5,715 |  | 5,681 |  | (4)
DTI Holdco, Inc. | Research & Consulting Services | First Lien Term Loan | SOFR+ | 4.75% | 10.12% |  | 4/26/2029 |  | 7,920 |  | 7,792 |  | 7,729 |  | (4)
Gibson Brands, Inc. | Leisure Products | First Lien Term Loan | SOFR+ | 5.00% | 10.57% |  | 8/11/2028 |  | 7,369 |  | 7,295 |  | 6,190 |  | (4)
Harbor Purchaser Inc. | Education Services | First Lien Term Loan | SOFR+ | 5.25% | 10.67% |  | 4/9/2029 |  | 7,920 |  | 7,731 |  | 7,517 |  | (4)
Indivior Finance S.À.R.L. | Pharmaceuticals | First Lien Term Loan | SOFR+ | 5.25% | 10.90% |  | 6/30/2026 |  | 7,331 |  | 7,249 |  | 7,340 |  |
INW Manufacturing, LLC | Personal Care Products | First Lien Term Loan | SOFR+ | 5.75% | 11.40% |  | 3/25/2027 |  | 9,000 |  | 8,839 |  | 7,080 |  | (4)
KDC/ONE Development Corp Inc | Personal Care Products | First Lien Term Loan | SOFR+ | 5.00% | 10.32% |  | 8/15/2028 |  | 10,000 |  | 9,666 |  | 9,665 |  |
Portfolio Company | Industry | Type of Investment | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Shares | Principal | Cost | Fair Value (3) | Notes
LABL, Inc. | Office Services & Supplies | First Lien Term Loan | SOFR+ | 5.00% | 10.42% |  | 10/29/2028 |  | $ | 3,962 |  | $ | 3,815 |  | $ | 3,955 |  |
LaserAway Intermediate Holdings II, LLC | Health Care Services | First Lien Term Loan | SOFR+ | 5.75% | 11.32% |  | 10/14/2027 |  | 7,369 |  | 7,269 |  | 7,267 |  |
Lightbox Intermediate, L.P. | Real Estate Services | First Lien Term Loan | SOFR+ | 5.00% | 10.65% |  | 5/9/2026 |  | 11,249 |  | 11,106 |  | 10,912 |  | (4)
McAfee Corp. | Systems Software | First Lien Term Loan | SOFR+ | 3.75% | 9.18% |  | 3/1/2029 |  | 5,940 |  | 5,654 |  | 5,812 |  |
Mindbody, Inc. | Internet Services & Infrastructure | First Lien Revolver | SOFR+ | 7.00% |  |  | 2/14/2025 |  | — |  | (2) |  | (8) |  | (4)(5)
Mindbody, Inc. | Internet Services & Infrastructure | First Lien Term Loan | SOFR+ | 7.00% | 12.52% |  | 2/14/2025 |  | 4,669 |  | 4,648 |  | 4,594 |  | (4)
Mitchell International, Inc. | Application Software | First Lien Term Loan | SOFR+ | 3.75% | 9.18% |  | 10/15/2028 |  | 2,985 |  | 2,845 |  | 2,941 |  |
MRI Software LLC | Application Software | First Lien Revolver | SOFR+ | 5.50% |  |  | 2/10/2026 |  | — |  | (3) |  | (7) |  | (4)(5)
MRI Software LLC | Application Software | First Lien Term Loan | SOFR+ | 5.50% | 10.99% |  | 2/10/2026 |  | 8,319 |  | 8,164 |  | 8,147 |  | (4)
MRI Software LLC | Application Software | First Lien Term Loan | SOFR+ | 5.50% | 10.99% |  | 2/10/2026 |  | 2,211 |  | 2,210 |  | 2,165 |  | (4)
Northern Star Industries Inc. | Electrical Components & Equipment | First Lien Term Loan | SOFR+ | 4.76% | 10.15% |  | 3/31/2025 |  | 6,615 |  | 6,608 |  | 6,565 |  |
OEConnection LLC | Application Software | First Lien Term Loan | SOFR+ | 4.00% | 9.43% |  | 9/25/2026 |  | 10,987 |  | 10,827 |  | 10,971 |  |
Park Place Technologies, LLC | Internet Services & Infrastructure | First Lien Term Loan | SOFR+ | 5.00% | 10.42% |  | 11/10/2027 |  | 9,825 |  | 9,492 |  | 9,698 |  | (4)
Planview Parent, Inc. | Application Software | First Lien Term Loan | SOFR+ | 4.00% | 9.65% |  | 12/17/2027 |  | 2,416 |  | 2,298 |  | 2,390 |  |
Planview Parent, Inc. | Application Software | Second Lien Term Loan | SOFR+ | 7.25% | 12.74% |  | 12/18/2028 |  | 4,503 |  | 4,435 |  | 4,098 |  | (4)
Pluralsight, LLC | Application Software | First Lien Revolver | SOFR+ | 8.00% | 13.45% |  | 4/6/2027 |  | 318 |  | 301 |  | 297 |  | (4)(5)
Pluralsight, LLC | Application Software | First Lien Term Loan | SOFR+ | 8.00% | 13.45% |  | 4/6/2027 |  | 8,116 |  | 7,850 |  | 7,773 |  | (4)
Renaissance Holding Corp. | Education Services | First Lien Term Loan | SOFR+ | 4.75% | 9.99% |  | 4/5/2030 |  | 5,000 |  | 4,860 |  | 4,969 |  |
SHO Holding I Corporation | Footwear | First Lien Term Loan | SOFR+ | 5.23% | 10.86% |  | 4/27/2024 |  | 138 |  | 138 |  | 94 |  |
SHO Holding I Corporation | Footwear | First Lien Term Loan | SOFR+ | 5.25% | 10.88% |  | 4/27/2024 |  | 8,113 |  | 8,111 |  | 5,531 |  |
SM Wellness Holdings, Inc. | Health Care Services | First Lien Term Loan | SOFR+ | 4.75% | 10.38% |  | 4/17/2028 |  | 2,977 |  | 2,580 |  | 2,799 |  | (4)
Southern Veterinary Partners, LLC | Health Care Facilities | First Lien Term Loan | SOFR+ | 4.00% | 9.43% |  | 10/5/2027 |  | 7,680 |  | 7,642 |  | 7,643 |  |
Spanx, LLC | Apparel Retail | First Lien Term Loan | SOFR+ | 5.25% | 10.67% |  | 11/20/2028 |  | 8,843 |  | 8,713 |  | 8,717 |  | (4)
SPX Flow, Inc. | Industrial Machinery & Supplies & Components | First Lien Term Loan | SOFR+ | 4.50% | 9.92% |  | 4/5/2029 |  | 8,801 |  | 8,442 |  | 8,794 |  |
Star Parent, Inc. | Life Sciences Tools & Services | First Lien Term Loan | SOFR+ | 4.00% | 9.33% |  | 9/19/2030 |  | 8,000 |  | 7,880 |  | 7,834 |  |
TIBCO Software Inc. | Application Software | First Lien Term Loan | SOFR+ | 4.50% | 9.99% |  | 3/30/2029 |  | 8,215 |  | 7,559 |  | 7,913 |  |
Touchstone Acquisition, Inc. | Health Care Supplies | First Lien Term Loan | SOFR+ | 6.00% | 11.42% |  | 12/29/2028 |  | 7,212 |  | 7,103 |  | 7,022 |  | (4)
Veritas US Inc. | Application Software | First Lien Term Loan | SOFR+ | 5.00% | 10.43% |  | 9/1/2025 |  | 6,305 |  | 6,257 |  | 5,500 |  |
Windstream Services II, LLC | Integrated Telecommunication Services | First Lien Term Loan | SOFR+ | 6.25% | 11.67% |  | 9/21/2027 |  | 6,148 |  | 6,008 |  | 5,939 |  | (4)
WP CPP Holdings, LLC | Aerospace & Defense | First Lien Term Loan | SOFR+ | 3.75% | 9.27% |  | 4/30/2025 |  | 1,965 |  | 1,920 |  | 1,855 |  | (4)
Total Portfolio Investments |  |  |  |  |  |  |  |  | $ | 332,637 |  | $ | 331,808 |  | $ | 322,179 |  |
_________ (1) Represents the interest rate as of September 30, 2023. All interest rates are payable in cash, unless otherwise noted. (2) The interest rate on the principal balance outstanding for most of the floating rate loans is indexed to SOFR and/or LIBOR, which typically resets semi-annually, quarterly, or monthly at the borrower's option. The borrower may also elect to have multiple interest reset periods for each loan. For each of these loans, the Company has provided the applicable margin over the reference rates based on each respective credit agreement and the cash interest rate as of period end. All the SOFR shown above is in U.S. dollars. As of September 30, 2023, the reference rates for SLF JV I's variable rate loans were the 30-day SOFR at 5.32%, the 90-day SOFR at 5.39% and the 30-day LIBOR at 5.43%. Most loans include an interest floor, which generally ranges from 0% to 1%. SOFR based contracts may include a credit spread adjustment that is charged in addition to the base rate and the stated spread. (3) Represents the current determination of fair value as of September 30, 2023 utilizing a similar technique as the Company in accordance with ASC 820. However, the determination of such fair value is not included in the valuation process described elsewhere herein. (4) This investment was held by both the Company and SLF JV I as of September 30, 2023. (5) Investment had undrawn commitments. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par. SLF JV I Portfolio as of September 30, 2022
Portfolio Company | Industry | Type of Investment | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Shares | Principal | Cost | Fair Value (3) | Notes
Access CIG, LLC | Diversified Support Services | First Lien Term Loan | L+ | 3.75% | 6.82% |  | 2/27/2025 |  | $ | 10,093 |  | $ | 10,028 |  | $ | 9,692 |  |
ADB Companies, LLC | Construction & Engineering | First Lien Term Loan | SOFR+ | 6.25% | 9.80% |  | 12/18/2025 |  | 8,518 |  | 8,389 |  | 8,371 |  | (4)
Altice France S.A. | Integrated Telecommunication Services | First Lien Term Loan | L+ | 4.00% | 6.91% |  | 8/14/2026 |  | 3,000 |  | 2,841 |  | 2,730 |  |
Alvogen Pharma US, Inc. | Pharmaceuticals | First Lien Term Loan | SOFR+ | 7.50% | 11.20% |  | 6/30/2025 |  | 9,267 |  | 9,166 |  | 9,221 |  | (4)
American Tire Distributors, Inc. | Distributors | First Lien Term Loan | L+ | 6.25% | 9.03% |  | 10/20/2028 |  | 4,873 |  | 4,812 |  | 4,576 |  | (4)
Amplify Finco Pty Ltd. | Movies & Entertainment | First Lien Term Loan | L+ | 4.25% | 7.92% |  | 11/26/2026 |  | 7,800 |  | 7,722 |  | 7,527 |  | (4)
Anastasia Parent, LLC | Personal Products | First Lien Term Loan | L+ | 3.75% | 7.42% |  | 8/11/2025 |  | 1,539 |  | 1,203 |  | 1,232 |  | (4)
Apptio, Inc. | Application Software | First Lien Term Loan | L+ | 6.00% | 8.46% |  | 1/10/2025 |  | 4,615 |  | 4,580 |  | 4,519 |  | (4)
Apptio, Inc. | Application Software | First Lien Revolver | L+ | 6.00% | 8.46% |  | 1/10/2025 |  | 154 |  | 151 |  | 146 |  | (4)(5)
ASP-R-PAC Acquisition Co LLC | Paper Packaging | First Lien Term Loan | L+ | 6.00% | 9.67% |  | 12/29/2027 |  | 4,176 |  | 4,103 |  | 4,080 |  |
ASP-R-PAC Acquisition Co LLC | Paper Packaging | First Lien Revolver | L+ | 6.00% |  |  | 12/29/2027 |  |  | (9) |  | (11) |  | (5)
Astra Acquisition Corp. | Application Software | First Lien Term Loan | L+ | 5.25% | 8.37% |  | 10/25/2028 |  | 5,052 |  | 4,858 |  | 4,319 |  | (4)
Asurion, LLC | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 4.00% | 7.70% |  | 8/19/2028 |  | 5,000 |  | 4,753 |  | 4,276 |  |
Asurion, LLC | Property & Casualty Insurance | Second Lien Term Loan | L+ | 5.25% | 8.37% |  | 1/20/2029 |  | 4,346 |  | 3,981 |  | 3,347 |  |
Aurora Lux Finco S.À.R.L. | Airport Services | First Lien Term Loan | L+ | 6.00% | 8.78% |  | 12/24/2026 |  | 6,338 |  | 6,242 |  | 6,027 |  | (4)
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 6/11/2027 |  | 6,371 |  | 6,311 |  | 6,148 |  |
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 6/11/2027 |  | 1,771 |  | 1,751 |  | 1,664 |  | (4)(5)
Blackhawk Network Holdings, Inc. | Data Processing & Outsourced Services | First Lien Term Loan | L+ | 3.00% | 6.03% |  | 6/15/2025 |  | 9,575 |  | 9,566 |  | 8,977 |  |
BYJU's Alpha, Inc. | Application Software | First Lien Term Loan | L+ | 6.00% | 8.98% |  | 11/24/2026 |  | 7,444 |  | 7,347 |  | 5,455 |  |
C5 Technology Holdings, LLC | Data Processing & Outsourced Services | Common Stock |  |  |  |  |  | 171 |  |  | — |  | — |  | (4)
C5 Technology Holdings, LLC | Data Processing & Outsourced Services | Preferred Equity |  |  |  |  |  | 7,193,540 |  |  | 7,194 |  | 5,683 |  | (4)
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Term Loan | SOFR+ | 5.50% | 9.12% |  | 8/10/2027 |  | 4,358 |  | 4,286 |  | 4,280 |  |
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Term Loan | SOFR+ | 5.50% | 9.12% |  | 8/10/2027 |  | 449 |  | 432 |  | 413 |  |
Centerline Communications, LLC | Wireless Telecommunication Services | First Lien Revolver | SOFR+ | 5.50% |  |  | 8/10/2027 |  | — |  | (10) |  | (11) |  | (5)
CITGO Petroleum Corp. | Oil & Gas Refining & Marketing | First Lien Term Loan | L+ | 6.25% | 9.37% |  | 3/28/2024 |  | 7,038 |  | 6,967 |  | 7,057 |  | (4)
City Football Group Limited | Movies & Entertainment | First Lien Term Loan | L+ | 3.50% | 6.48% |  | 7/21/2028 |  | 6,451 |  | 6,419 |  | 6,166 |  |
Convergeone Holdings, Inc. | IT Consulting & Other Services | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 1/4/2026 |  | 7,373 |  | 7,206 |  | 5,320 |  | (4)
Covetrus, Inc. | Health Care Distributors | First Lien Term Loan | SOFR+ | 5.00% | 7.65% |  | 9/20/2029 |  | 5,375 |  | 5,053 |  | 5,035 |  | (4)
Curium Bidco S.à.r.l. | Biotechnology | First Lien Term Loan | L+ | 4.00% | 7.67% |  | 7/9/2026 |  | 5,820 |  | 5,776 |  | 5,587 |  |
Dealer Tire, LLC | Distributors | First Lien Term Loan | L+ | 4.25% | 7.37% |  | 12/12/2025 |  | 2,992 |  | 2,935 |  | 2,924 |  |
Delivery Hero FinCo LLC | Internet & Direct Marketing Retail | First Lien Term Loan | SOFR+ | 5.75% | 8.49% |  | 8/12/2027 |  | 6,035 |  | 5,876 |  | 5,756 |  | (4)
DirecTV Financing, LLC | Cable & Satellite | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 8/2/2027 |  | 6,436 |  | 6,332 |  | 6,012 |  | (4)
Domtar Corporation | Paper Products | First Lien Term Loan | L+ | 5.50% | 8.26% |  | 11/30/2028 |  | 4,100 |  | 4,065 |  | 3,921 |  |
DTI Holdco, Inc. | Research & Consulting Services | First Lien Term Loan | SOFR+ | 4.75% | 7.33% |  | 4/26/2029 |  | 8,000 |  | 7,849 |  | 7,616 |  | (4)
Eagle Parent Corp. | Industrial Machinery | First Lien Term Loan | SOFR+ | 4.25% | 7.80% |  | 4/2/2029 |  | 4,478 |  | 4,373 |  | 4,367 |  |
eResearch Technology, Inc. | Application Software | First Lien Term Loan | L+ | 4.50% | 7.62% |  | 2/4/2027 |  | 7,331 |  | 7,258 |  | 6,859 |  |
Portfolio Company | Industry | Type of Investment | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Shares | Principal | Cost | Fair Value (3) | Notes
Gibson Brands, Inc. | Leisure Products | First Lien Term Loan | L+ | 5.00% | 7.94% |  | 8/11/2028 |  | $ | 7,444 |  | $ | 7,369 |  | $ | 6,029 |  |
Global Medical Response, Inc. | Health Care Services | First Lien Term Loan | L+ | 4.25% | 7.37% |  | 3/14/2025 |  | 1,979 |  | 1,979 |  | 1,722 |  | (4)
Global Medical Response, Inc. | Health Care Services | First Lien Term Loan | L+ | 4.25% | 6.81% |  | 10/2/2025 |  | 2,192 |  | 2,165 |  | 1,912 |  |
Harbor Purchaser Inc. | Education Services | First Lien Term Loan | SOFR+ | 5.25% | 8.38% |  | 4/9/2029 |  | 8,000 |  | 7,774 |  | 7,310 |  | (4)
Indivior Finance S.À.R.L. | Pharmaceuticals | First Lien Term Loan | L+ | 5.25% | 8.80% |  | 6/30/2026 |  | 7,406 |  | 7,293 |  | 7,286 |  |
INW Manufacturing, LLC | Personal Products | First Lien Term Loan | L+ | 5.75% | 9.42% |  | 3/25/2027 |  | 9,500 |  | 9,282 |  | 8,408 |  | (4)
Iris Holding, Inc. | Metal & Glass Containers | First Lien Term Loan | SOFR+ | 4.75% | 7.89% |  | 6/28/2028 |  | 5,000 |  | 4,624 |  | 4,610 |  |
LaserAway Intermediate Holdings II, LLC | Health Care Services | First Lien Term Loan | L+ | 5.75% | 8.23% |  | 10/14/2027 |  | 7,444 |  | 7,318 |  | 7,323 |  |
Lightbox Intermediate, L.P. | Real Estate Services | First Lien Term Loan | L+ | 5.00% | 8.67% |  | 5/9/2026 |  | 7,367 |  | 7,315 |  | 7,109 |  | (4)
LogMeIn, Inc. | Application Software | First Lien Term Loan | L+ | 4.75% | 7.80% |  | 8/31/2027 |  | 7,860 |  | 7,751 |  | 5,494 |  |
LTI Holdings, Inc. | Electronic Components | First Lien Term Loan | L+ | 3.25% | 6.37% |  | 9/6/2025 |  | 7,366 |  | 7,282 |  | 6,835 |  |
Mindbody, Inc. | Internet Services & Infrastructure | First Lien Term Loan | L+ | 7.00% | 10.64% |  | 2/14/2025 |  | 4,687 |  | 4,651 |  | 4,570 |  | (4)
Mindbody, Inc. | Internet Services & Infrastructure | First Lien Revolver | L+ | 8.00% |  |  | 2/14/2025 |  | — |  | (4) |  | (12) |  | (4)(5)
MRI Software LLC | Application Software | First Lien Term Loan | L+ | 5.50% | 9.17% |  | 2/10/2026 |  | 6,139 |  | 6,104 |  | 5,966 |  | (4)
MRI Software LLC | Application Software | First Lien Revolver | L+ | 5.50% |  |  | 2/10/2026 |  |  | (3) |  | (10) |  | (4)(5)
Northern Star Industries Inc. | Electrical Components & Equipment | First Lien Term Loan | L+ | 4.75% | 7.87% |  | 3/31/2025 |  | 6,685 |  | 6,673 |  | 6,484 |  |
OEConnection LLC | Application Software | First Lien Term Loan | L+ | 4.00% | 7.12% |  | 9/25/2026 |  | 7,777 |  | 7,741 |  | 7,505 |  | (4)
Park Place Technologies, LLC | Internet Services & Infrastructure | First Lien Term Loan | SOFR+ | 5.00% | 8.13% |  | 11/10/2027 |  | 4,925 |  | 4,781 |  | 4,687 |  | (4)
Peloton Interactive, Inc. | Leisure Products | First Lien Term Loan | SOFR+ | 6.50% | 8.35% |  | 5/25/2027 |  | 5,486 |  | 5,251 |  | 5,371 |  |
Planview Parent, Inc. | Application Software | Second Lien Term Loan | L+ | 7.25% | 10.92% |  | 12/18/2028 |  | 4,503 |  | 4,435 |  | 4,323 |  | (4)
Pluralsight, LLC | Application Software | First Lien Term Loan | L+ | 8.00% | 10.68% |  | 4/6/2027 |  | 6,796 |  | 6,694 |  | 6,582 |  | (4)
Pluralsight, LLC | Application Software | First Lien Revolver | L+ | 8.00% |  |  | 4/6/2027 |  | — |  | (6) |  | (13) |  | (4)(5)
RevSpring, Inc. | Commercial Printing | First Lien Term Loan | L+ | 4.00% | 7.67% |  | 10/11/2025 |  | 9,625 |  | 9,607 |  | 9,304 |  |
Sabert Corporation | Metal & Glass Containers | First Lien Term Loan | L+ | 4.50% | 7.63% |  | 12/10/2026 |  | 2,536 |  | 2,511 |  | 2,435 |  | (4)
SHO Holding I Corporation | Footwear | First Lien Term Loan | L+ | 5.25% | 8.06% |  | 4/27/2024 |  | 8,201 |  | 8,194 |  | 7,176 |  |
SHO Holding I Corporation | Footwear | First Lien Term Loan | L+ | 5.23% | 8.04% |  | 4/27/2024 |  | 138 |  | 138 |  | 121 |  |
Sorenson Communications, LLC | Communications Equipment | First Lien Term Loan | L+ | 5.50% | 9.17% |  | 3/17/2026 |  | 2,553 |  | 2,528 |  | 2,454 |  |
Spanx, LLC | Apparel Retail | First Lien Term Loan | L+ | 5.25% | 8.30% |  | 11/20/2028 |  | 8,933 |  | 8,776 |  | 8,721 |  | (4)
SPX Flow, Inc. | Industrial Machinery | First Lien Term Loan | SOFR+ | 4.50% | 7.63% |  | 4/5/2029 |  | 7,500 |  | 7,184 |  | 6,966 |  | (4)
Supermoose Borrower, LLC | Application Software | First Lien Term Loan | L+ | 3.75% | 7.42% |  | 8/29/2025 |  | 7,743 |  | 7,479 |  | 6,827 |  | (4)
Surgery Center Holdings, Inc. | Health Care Facilities | First Lien Term Loan | L+ | 3.75% | 6.51% |  | 8/31/2026 |  | 3,377 |  | 3,365 |  | 3,213 |  |
TIBCO Software Inc. | Application Software | First Lien Term Loan | SOFR+ | 4.50% | 8.15% |  | 3/30/2029 |  | 6,256 |  | 5,693 |  | 5,629 |  | (4)
Touchstone Acquisition, Inc. | Health Care Supplies | First Lien Term Loan | L+ | 6.00% | 9.12% |  | 12/29/2028 |  | 7,285 |  | 7,155 |  | 7,140 |  | (4)
Veritas US Inc. | Application Software | First Lien Term Loan | L+ | 5.00% | 8.67% |  | 9/1/2025 |  | 6,365 |  | 6,290 |  | 5,087 |  |
Windstream Services II, LLC | Integrated Telecommunication Services | First Lien Term Loan | L+ | 6.25% | 9.37% |  | 9/21/2027 |  | 7,818 |  | 7,596 |  | 7,115 |  | (4)
WP CPP Holdings, LLC | Aerospace & Defense | Second Lien Term Loan | L+ | 7.75% | 10.56% |  | 4/30/2026 |  | 6,000 |  | 5,972 |  | 5,070 |  | (4)
WP CPP Holdings, LLC | Aerospace & Defense | First Lien Term Loan | L+ | 3.75% | 6.56% |  | 4/30/2025 |  | 1,985 |  | 1,910 |  | 1,783 |  | (4)
Zayo Group Holdings, Inc. | Alternative Carriers | First Lien Term Loan | L+ | 3.00% | 6.12% |  | 3/9/2027 |  | 2,155 |  | 2,000 |  | 1,812 |  |
Total Portfolio Investments |  |  |  |  |  |  |  |  | $ | 383,194 |  | $ | 382,673 |  | $ | 359,625 |  |
_________ (1) Represents the interest rate as of September 30, 2022. All interest rates are payable in cash, unless otherwise noted. (2) The interest rate on the principal balance outstanding for most of the floating rate loans is indexed to LIBOR and/or an alternate base rate (e.g., prime rate), which typically resets semi-annually, quarterly, or monthly at the borrower's option. Certain loans may also be indexed to SOFR. The borrower may also elect to have multiple interest reset periods for each loan. For each of these loans, the Company has provided the applicable margin over the reference rates based on each respective credit agreement and the cash interest rate as of period end. All the LIBOR shown above is in U.S. dollars. As of September 30, 2022, the reference rates for SLF JV I's variable rate loans were the 30-day LIBOR at 3.12%, the 90-day LIBOR at 3.67%, the 30-day SOFR at 3.03%, the 90-day SOFR at 3.55% and the 180-day SOFR at 3.98%. Most loans include an interest floor, which generally ranges from 0% to 1%. SOFR based contracts may include a credit spread adjustment that is charged in addition to the base rate and the stated spread. (3) Represents the current determination of fair value as of September 30, 2022 utilizing a similar technique as the Company in accordance with ASC 820. However, the determination of such fair value is not included in the valuation process described elsewhere herein. (4) This investment was held by both the Company and SLF JV I as of September 30, 2022. (5) Investment had undrawn commitments. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par. Both the cost and fair value of the Company's SLF JV I Notes were $112.7 million as of September 30, 2023. Both the cost and fair value of the Company's SLF JV I Notes were $96.3 million as of September 30, 2022. The Company earned interest income of $12.7 million, $8.0 million and $7.4 million on the SLF JV I Notes for the years ended September 30, 2023, 2022 and 2021, respectively. As of September 30, 2023, the SLF JV I Notes bore interest at a rate of one-month SOFR plus 7.00% per annum with a SOFR floor of 1.00% and will mature on December 29, 2028. The cost and fair value of the LLC equity interests in SLF JV I held by the Company were $54.8 million and $28.9 million, respectively, as of September 30, 2023, and $49.3 million and $20.7 million, respectively, as of September 30, 2022. The Company earned $4.2 million, $2.9 million and $0.9 million in dividend income for the years ended September 30, 2023, 2022 and 2021, respectively, with respect to its investment in the LLC equity interests of SLF JV I. The LLC equity interests of SLF JV I are generally dividend producing to the extent SLF JV I has residual cash to be distributed on a quarterly basis. Below is certain summarized financial information for SLF JV I as of September 30, 2023 and September 30, 2022 and for the years ended September 30, 2023, 2022 and 2021:
|  | September 30, 2023 |  | September 30, 2022
Selected Balance Sheet Information: |  |  |  |
Investments at fair value (cost September 30, 2023:$331,808; cost September 30, 2022: $382,673) |  | $ | 322,179 |  |  | $ | 359,625 |
Cash and cash equivalents |  | 31,950 |  |  | 14,274 |
Restricted cash |  | 2,987 |  |  | 5,642 |
Other assets |  | 18,988 |  |  | 5,686 |
Total assets |  | $ | 376,104 |  |  | $ | 385,227 |
Senior credit facility payable |  | $ | 149,000 |  |  | $ | 230,000 |
Secured borrowings |  | 38,845 |  |  | — |
SLF JV I Notes payable at fair value (proceeds September 30, 2023: $128,750; proceeds September 30, 2022: $110,000) |  | 128,750 |  |  | 110,000 |
Other liabilities |  | 26,630 |  |  | 21,539 |
Total liabilities |  | $ | 343,225 |  |  | $ | 361,539 |
Members' equity |  | 32,879 |  |  | 23,688 |
Total liabilities and members' equity |  | $ | 376,104 |  |  | $ | 385,227 |
|  | Year ended September 30, 2023 |  | Year ended September 30, 2022 |  | Year ended September 30, 2021
Selected Statements of Operations Information: |  |  |  |  |  |
Interest income |  | $ | 38,984 |  |  | $ | 24,014 |  |  | $ | 20,018 |
Other income |  | 290 |  |  | 198 |  |  | 565 |
Total investment income |  | 39,274 |  |  | 24,212 |  |  | 20,583 |
Senior credit facility and secured borrowing interest expense |  | 19,002 |  |  | 7,713 |  |  | 5,706 |
SLF JV I Notes interest expense |  | 14,544 |  |  | 9,146 |  |  | 8,444 |
Other expenses |  | 442 |  |  | 253 |  |  | 260 |
Total expenses (1) |  | 33,988 |  |  | 17,112 |  |  | 14,410 |
Net investment income |  | 5,286 |  |  | 7,100 |  |  | 6,173 |
Net unrealized appreciation (depreciation) |  | 13,416 |  |  | (23,661) |  |  | 13,270 |
Net realized gains (losses) |  | (10,962) |  |  | 534 |  |  | 399 |
Net income (loss) |  | $ | 7,740 |  |  | $ | (16,027) |  |  | $ | 19,842 |
__________ (1) There are no management fees or incentive fees charged at SLF JV I. SLF JV I has elected to fair value the SLF JV I Notes issued to the Company and Kemper under FASB ASC Topic 825, Financial Instruments - Fair Value Option ("ASC 825"). The SLF JV I Notes are valued based on the total assets less the total liabilities senior to the SLF JV I Notes in an amount not exceeding par under the EV technique. During the year ended September 30, 2023, the Company sold $31.8 million of senior secured debt investments to SLF JV I for $30.6 million cash consideration, which represented the fair value at the time of sale. A loss of $0.2 million was recognized by the Company on these transactions. During the year ended September 30, 2022, the Company sold $9.7 million of senior secured debt investments to SLF JV I for $9.7 million cash consideration, which represented the fair value at the time of sale. A gain of $0.5 million was recognized by the Company on these transactions. During the year ended September 30, 2021, the Company sold $48.0 million of senior secured debt investments to SLF JV I for $47.2 million cash consideration, which represented the fair value at the time of sale. A gain of $2.5 million was recognized by the Company on these transactions. OCSI Glick JV LLC On March 19, 2021, the Company became party to the LLC agreement of Glick JV. The Company co-invests primarily in senior secured loans of middle-market companies with GF Equity Funding through the Glick JV. The Glick JV is managed by a four person Board of Directors, two of whom are selected by the Company and two of whom are selected by GF Equity Funding. The Glick JV is capitalized as transactions are completed, and portfolio decisions and investment decisions in respect of the Glick JV must be approved by the Glick JV investment committee, which consists of one representative selected by the Company and one representative selected by GF Equity Funding (with approval from a representative of each required). Since the Company does not have a controlling financial interest in the Glick JV, the Company does not consolidate the Glick JV. The members provide capital to the Glick JV in exchange for LLC equity interests, and the Company and GF Debt Funding 2014 LLC ("GF Debt Funding"), an entity advised by affiliates of GF Equity Funding, provide capital to the Glick JV in exchange for subordinated notes issued by the Glick JV (the "Glick JV Notes"). As of September 30, 2023 and September 30, 2022, the Company and GF Equity Funding owned 87.5% and 12.5%, respectively, of the outstanding LLC equity interests, and the Company and GF Debt Funding owned 87.5% and 12.5%, respectively, of the Glick JV Notes. The Glick JV is not an "eligible portfolio company" as defined in section 2(a)(46) of the Investment Company Act. The Glick JV has a revolving credit facility with Bank of America, N.A. (the "Glick JV Facility"), which, as of September 30, 2023, had a revolving period end date and maturity date of August 12, 2026 and August 17, 2026, respectively, and permitted borrowings of up to $80.0 million (subject to borrowing base and other limitations). Borrowings under the Glick JV Facility are secured by all of the assets of OCSL Glick JV Funding II LLC, a special purpose financing subsidiary of the Glick JV. As of September 30, 2023, borrowings under the Glick JV Facility bore interest at a rate equal to daily SOFR plus 2.00% per annum. $53.0 million of borrowings were outstanding under the Glick JV Deutsche Bank Facility as of September 30, 2023. As of September 30, 2023 and September 30, 2022, the Glick JV had total assets of $141.2 million and $146.8 million, respectively. The Glick JV's portfolio consisted of middle-market and other corporate debt securities of 38 and 43 portfolio companies as of September 30, 2023 and September 30, 2022, respectively. The portfolio companies in the Glick JV are in industries similar to those in which the Company may invest directly. The Company's investment in the Glick JV consisted of LLC equity interests and Glick JV Notes of $50.0 million and $50.3 million in the aggregate at fair value as of September 30, 2023 and September 30, 2022, respectively. The Glick JV Notes are junior in right of payment to the repayment of temporary contributions made by the Company to fund investments of the Glick JV that are repaid when GF Equity Funding and GF Debt Funding make their capital contributions and fund their Glick JV Notes, respectively. As of each of September 30, 2023 and September 30, 2022, the Glick JV had total capital commitments of $100.0 million, $87.5 million of which was from the Company and the remaining $12.5 million of which was from GF Equity Funding and GF Debt Funding. Approximately $84.0 million in aggregate commitments were funded as of each of September 30, 2023 and September 30, 2022, of which $73.5 million was from the Company. As of each of September 30, 2023 and September 30, 2022, the Company had commitments to fund Glick JV Notes of $78.8 million, of which $12.4 million were unfunded. As of each of September 30, 2023 and September 30, 2022, the Company had commitments to fund LLC equity interests in the Glick JV of $8.7 million, of which $1.6 million were unfunded. Below is a summary of the Glick JV's portfolio, followed by a listing of the individual loans in the Glick JV's portfolio as of September 30, 2023 and September 30, 2022:
| September 30, 2023 |  | September 30, 2022
Senior secured loans (1) | $130,589 |  | $143,225
Weighted average current interest rate on senior secured loans (2) | 10.77% |  | 8.52%
Number of borrowers in the Glick JV | 38 |  | 43
Largest loan exposure to a single borrower (1) | $6,230 |  | $6,562
Total of five largest loan exposures to borrowers (1) | $28,396 |  | $28,973
__________ (1) At principal amount. (2) Computed using the weighted average annual interest rate on accruing senior secured loans at fair value. Glick JV Portfolio as of September 30, 2023
Portfolio Company | Industry | Investment Type | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Principal | Cost | Fair Value (3) | Notes
Access CIG, LLC | Diversified Support Services | First Lien Term Loan | SOFR+ | 5.00% | 10.32% |  | 8/18/2028 | $ | 2,000 |  | $ | 1,960 |  | $ | 1,978 |  |
ADB Companies, LLC | Construction & Engineering | First Lien Term Loan | SOFR+ | 6.50% | 11.90% |  | 12/18/2025 | 574 |  | 568 |  | 564 |  | (4)
ADB Companies, LLC | Construction & Engineering | First Lien Term Loan | SOFR+ | 6.50% | 12.15% |  | 12/18/2025 | 3,746 |  | 3,709 |  | 3,678 |  | (4)
Alvogen Pharma US, Inc. | Pharmaceuticals | First Lien Term Loan | SOFR+ | 7.50% | 13.04% |  | 6/30/2025 | 6,230 |  | 6,185 |  | 5,819 |  | (4)
American Rock Salt Company LLC | Diversified Metals & Mining | First Lien Term Loan | SOFR+ | 4.00% | 9.43% |  | 6/9/2028 | 2,478 |  | 2,367 |  | 2,307 |  |
American Tire Distributors, Inc. | Distributors | First Lien Term Loan | SOFR+ | 6.25% | 11.81% |  | 10/20/2028 | 2,860 |  | 2,825 |  | 2,514 |  | (4)
Amplify Finco Pty Ltd. | Movies & Entertainment | First Lien Term Loan | SOFR+ | 4.15% | 9.54% |  | 11/26/2026 | 2,895 |  | 2,866 |  | 2,895 |  |
Amynta Agency Borrower Inc. | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 5.00% | 10.42% |  | 2/28/2028 | 2,993 |  | 2,913 |  | 2,997 |  |
Anastasia Parent, LLC | Personal Care Products | First Lien Term Loan | SOFR+ | 3.75% | 9.40% |  | 8/11/2025 | 907 |  | 705 |  | 654 |  | (4)
ASP-R-PAC Acquisition Co LLC | Paper & Plastic Packaging Products & Materials | First Lien Term Loan | SOFR+ | 6.00% | 11.63% |  | 12/29/2027 | 1,716 |  | 1,692 |  | 1,616 |  | (4)
ASP-R-PAC Acquisition Co LLC | Paper & Plastic Packaging Products & Materials | First Lien Revolver | SOFR+ | 6.00% |  |  | 12/29/2027 | — |  | (3) |  | (12) |  | (4)(5)
Astra Acquisition Corp. | Application Software | First Lien Term Loan | SOFR+ | 5.25% | 10.90% |  | 10/25/2028 | 2,078 |  | 2,039 |  | 1,570 |  | (4)
Asurion, LLC | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 4.00% | 9.42% |  | 8/19/2028 | 1,980 |  | 1,899 |  | 1,924 |  |
Asurion, LLC | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 4.25% | 9.67% |  | 8/19/2028 | 995 |  | 942 |  | 968 |  |
Asurion, LLC | Property & Casualty Insurance | Second Lien Term Loan | SOFR+ | 5.25% | 10.68% |  | 1/20/2029 | 2,423 |  | 2,244 |  | 2,158 |  |
athenahealth Group Inc. | Health Care Technology | First Lien Term Loan | SOFR+ | 3.25% | 8.57% |  | 2/15/2029 | 1,772 |  | 1,674 |  | 1,744 |  |
Aurora Lux Finco S.À.R.L. | Airport Services | First Lien Term Loan | SOFR+ | 6.00% | 11.49% |  | 12/24/2026 | 3,628 |  | 3,586 |  | 3,478 |  | (4)
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | SOFR+ | 5.00% | 10.65% |  | 6/11/2027 | 3,363 |  | 3,332 |  | 3,282 |  | (4)
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | SOFR+ | 5.00% | 10.65% |  | 6/11/2027 | 800 |  | 795 |  | 780 |  | (4)
Covetrus, Inc. | Health Care Distributors | First Lien Term Loan | SOFR+ | 5.00% | 10.39% |  | 10/13/2029 | 2,766 |  | 2,607 |  | 2,741 |  | (4)
Curium Bidco S.à.r.l. | Biotechnology | First Lien Term Loan | SOFR+ | 4.50% | 9.89% |  | 7/31/2029 | 2,841 |  | 2,820 |  | 2,841 |  |
DirecTV Financing, LLC | Cable & Satellite | First Lien Term Loan | SOFR+ | 5.00% | 10.43% |  | 8/2/2027 | 2,460 |  | 2,435 |  | 2,410 |  | (4)
Portfolio Company | Industry | Investment Type | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Principal | Cost | Fair Value (3) | Notes
DTI Holdco, Inc. | Research & Consulting Services | First Lien Term Loan | SOFR+ | 4.75% | 10.12% |  | 4/26/2029 | $ | 2,970 |  | $ | 2,922 |  | $ | 2,899 |  | (4)
Gibson Brands, Inc. | Leisure Products | First Lien Term Loan | SOFR+ | 5.00% | 10.57% |  | 8/11/2028 | 3,930 |  | 3,891 |  | 3,301 |  | (4)
Harbor Purchaser Inc. | Education Services | First Lien Term Loan | SOFR+ | 5.25% | 10.67% |  | 4/9/2029 | 3,960 |  | 3,865 |  | 3,759 |  | (4)
Indivior Finance S.À.R.L. | Pharmaceuticals | First Lien Term Loan | SOFR+ | 5.25% | 10.90% |  | 6/30/2026 | 3,910 |  | 3,866 |  | 3,915 |  |
INW Manufacturing, LLC | Personal Care Products | First Lien Term Loan | SOFR+ | 5.75% | 11.40% |  | 3/25/2027 | 2,250 |  | 2,210 |  | 1,770 |  | (4)
KDC/ONE Development Corp Inc | Personal Care Products | First Lien Term Loan | SOFR+ | 5.00% | 10.32% |  | 8/15/2028 | 4,500 |  | 4,350 |  | 4,349 |  |
LaserAway Intermediate Holdings II, LLC | Health Care Services | First Lien Term Loan | SOFR+ | 5.75% | 11.32% |  | 10/14/2027 | 3,930 |  | 3,877 |  | 3,876 |  |
MRI Software LLC | Application Software | First Lien Term Loan | SOFR+ | 5.50% | 10.99% |  | 2/10/2026 | 1,630 |  | 1,616 |  | 1,596 |  | (4)
MRI Software LLC | Application Software | First Lien Revolver | SOFR+ | 5.50% |  |  | 2/10/2026 | — |  | (1) |  | (3) |  | (4)(5)
Northern Star Industries Inc. | Electrical Components & Equipment | First Lien Term Loan | SOFR+ | 4.76% | 10.15% |  | 3/31/2025 | 5,198 |  | 5,192 |  | 5,159 |  |
OEConnection LLC | Application Software | First Lien Term Loan | SOFR+ | 4.00% | 9.43% |  | 9/25/2026 | 3,849 |  | 3,830 |  | 3,843 |  |
Planview Parent, Inc. | Application Software | First Lien Term Loan | SOFR+ | 4.00% | 9.65% |  | 12/17/2027 | 683 |  | 650 |  | 676 |  |
Planview Parent, Inc. | Application Software | Second Lien Term Loan | SOFR+ | 7.25% | 12.74% |  | 12/18/2028 | 2,842 |  | 2,799 |  | 2,586 |  | (4)
Pluralsight, LLC | Application Software | First Lien Term Loan | SOFR+ | 8.00% | 13.45% |  | 4/6/2027 | 5,182 |  | 5,029 |  | 4,964 |  | (4)
Pluralsight, LLC | Application Software | First Lien Revolver | SOFR+ | 8.00% | 13.45% |  | 4/6/2027 | 226 |  | 216 |  | 211 |  | (4)(5)
SHO Holding I Corporation | Footwear | First Lien Term Loan | SOFR+ | 5.25% | 10.88% |  | 4/27/2024 | 6,029 |  | 6,025 |  | 4,110 |  |
SHO Holding I Corporation | Footwear | First Lien Term Loan | SOFR+ | 5.23% | 10.86% |  | 4/27/2024 | 103 |  | 102 |  | 70 |  |
Southern Veterinary Partners, LLC | Health Care Facilities | First Lien Term Loan | SOFR+ | 4.00% | 9.43% |  | 10/5/2027 | 3,292 |  | 3,275 |  | 3,276 |  |
Spanx, LLC | Apparel Retail | First Lien Term Loan | SOFR+ | 5.25% | 10.67% |  | 11/20/2028 | 4,913 |  | 4,840 |  | 4,843 |  | (4)
SPX Flow, Inc. | Industrial Machinery & Supplies & Components | First Lien Term Loan | SOFR+ | 4.50% | 9.92% |  | 4/5/2029 | 5,227 |  | 5,032 |  | 5,224 |  |
Star Parent, Inc. | Life Sciences Tools & Services | First Lien Term Loan | SOFR+ | 4.00% | 9.33% |  | 9/27/2030 | 4,000 |  | 3,939 |  | 3,916 |  |
TIBCO Software Inc. | Application Software | First Lien Term Loan | SOFR+ | 4.50% | 9.99% |  | 3/30/2029 | 2,641 |  | 2,439 |  | 2,544 |  |
Touchstone Acquisition, Inc. | Health Care Supplies | First Lien Term Loan | SOFR+ | 6.00% | 11.42% |  | 12/29/2028 | 2,993 |  | 2,948 |  | 2,914 |  | (4)
Windstream Services II, LLC | Integrated Telecommunication Services | First Lien Term Loan | SOFR+ | 6.25% | 11.67% |  | 9/21/2027 | 3,843 |  | 3,756 |  | 3,712 |  | (4)
WP CPP Holdings, LLC | Aerospace & Defense | First Lien Term Loan | SOFR+ | 3.75% | 9.27% |  | 4/30/2025 | 983 |  | 960 |  | 927 |  | (4)
Total Portfolio Investments |  |  |  |  |  |  |  | $ | 130,589 |  | $ | 127,788 |  | $ | 123,343 |  |
__________ (1) Represents the interest rate as of September 30, 2023. All interest rates are payable in cash, unless otherwise noted. (2) The interest rate on the principal balance outstanding for all of the floating rate loans is indexed to SOFR, which typically resets semi-annually, quarterly, or monthly at the borrower's option. The borrower may also elect to have multiple interest reset periods for each loan. For each of these loans, the Company has provided the applicable margin over the reference rates based on each respective credit agreement and the cash interest rate as of period end. As of September 30, 2023, the reference rates for the Glick JV's variable rate loans were the 30-day SOFR at 5.32% and the 90-day SOFR at 5.39%. Most loans include an interest floor, which generally ranges from 0% to 1%. SOFR based contracts may include a credit spread adjustment that is charged in addition to the base rate and the stated spread. (3) Represents the current determination of fair value as of September 30, 2023 utilizing a similar technique as the Company in accordance with ASC 820. However, the determination of such fair value is not included in the valuation process described elsewhere herein. (4) This investment was held by both the Company and the Glick JV as of September 30, 2023. (5) Investment had undrawn commitments. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par. Glick JV Portfolio as of September 30, 2022
Portfolio Company | Industry | Investment Type | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Principal | Cost | Fair Value (3) | Notes
ADB Companies, LLC | Construction & Engineering | First Lien Term Loan | L+ | 6.25% | 9.80% |  | 12/18/2025 | $ | 4,647 |  | $ | 4,579 |  | $ | 4,567 |  | (4)
Alvogen Pharma Inc | Pharmaceuticals | First Lien Term Loan | SOFR+ | 7.50% | 11.20% |  | 6/30/2025 | 6,562 |  | 6,489 |  | 6,529 |  | (4)
American Tire Distributors, Inc. | Distributors | First Lien Term Loan | L+ | 6.25% | 9.03% |  | 10/20/2028 | 2,889 |  | 2,853 |  | 2,714 |  | (4)
Amplify Finco Pty Ltd. | Movies & Entertainment | First Lien Term Loan | L+ | 4.25% | 7.92% |  | 11/26/2026 | 2,925 |  | 2,896 |  | 2,823 |  | (4)
Anastasia Parent, LLC | Personal Products | First Lien Term Loan | L+ | 3.75% | 7.42% |  | 8/11/2025 | 917 |  | 712 |  | 734 |  | (4)
ASP-R-PAC Acquisition Co LLC | Paper Packaging | First Lien Term Loan | L+ | 6.00% | 9.67% |  | 12/29/2027 | 1,734 |  | 1,704 |  | 1,694 |  |
ASP-R-PAC Acquisition Co LLC | Paper Packaging | First Lien Revolver | L+ | 6.00% |  |  | 12/29/2027 | — |  | (4) |  | (5) |  | (5)
Astra Acquisition Corp. | Application Software | First Lien Term Loan | L+ | 5.25% | 8.37% |  | 10/25/2028 | 2,078 |  | 2,033 |  | 1,777 |  | (4)
Asurion, LLC | Property & Casualty Insurance | First Lien Term Loan | SOFR+ | 4.00% | 7.70% |  | 8/19/2028 | 2,000 |  | 1,901 |  | 1,711 |  |
Asurion, LLC | Property & Casualty Insurance | Second Lien Term Loan | L+ | 5.25% | 8.37% |  | 1/20/2029 | 2,423 |  | 2,212 |  | 1,866 |  |
Aurora Lux Finco S.À.R.L. | Airport Services | First Lien Term Loan | L+ | 6.00% | 8.78% |  | 12/24/2026 | 3,656 |  | 3,601 |  | 3,476 |  | (4)
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 6/11/2027 | 3,398 |  | 3,366 |  | 3,279 |  |
BAART Programs, Inc. | Health Care Services | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 6/11/2027 | 808 |  | 800 |  | 760 |  | (4)(5)
BYJU's Alpha, Inc. | Application Software | First Lien Term Loan | L+ | 6.00% | 8.98% |  | 11/24/2026 | 3,970 |  | 3,919 |  | 2,909 |  |
CITGO Petroleum Corp. | Oil & Gas Refining & Marketing | First Lien Term Loan | L+ | 6.25% | 9.37% |  | 3/28/2024 | 3,519 |  | 3,484 |  | 3,529 |  | (4)
City Football Group Limited | Movies & Entertainment | First Lien Term Loan | L+ | 3.50% | 6.48% |  | 7/21/2028 | 2,481 |  | 2,469 |  | 2,372 |  |
Covetrus, Inc. | Health Care Distributors | First Lien Term Loan | SOFR+ | 5.00% | 7.65% |  | 9/20/2029 | 2,280 |  | 2,143 |  | 2,136 |  | (4)
Curium Bidco S.à.r.l. | Biotechnology | First Lien Term Loan | L+ | 4.00% | 7.67% |  | 7/9/2026 | 2,870 |  | 2,849 |  | 2,756 |  |
DirecTV Financing, LLC | Cable & Satellite | First Lien Term Loan | L+ | 5.00% | 8.12% |  | 8/2/2027 | 2,730 |  | 2,703 |  | 2,549 |  | (4)
Domtar Corporation | Paper Products | First Lien Term Loan | L+ | 5.50% | 8.26% |  | 11/30/2028 | 2,503 |  | 2,478 |  | 2,394 |  |
DTI Holdco, Inc. | Research & Consulting Services | First Lien Term Loan | SOFR+ | 4.75% | 7.33% |  | 4/26/2029 | 3,000 |  | 2,943 |  | 2,856 |  | (4)
Eagle Parent Corp. | Industrial Machinery | First Lien Term Loan | SOFR+ | 4.25% | 7.80% |  | 4/2/2029 | 2,488 |  | 2,429 |  | 2,426 |  |
eResearch Technology, Inc. | Application Software | First Lien Term Loan | L+ | 4.50% | 7.62% |  | 2/4/2027 | 2,444 |  | 2,419 |  | 2,286 |  |
Gibson Brands, Inc. | Leisure Products | First Lien Term Loan | L+ | 5.00% | 7.94% |  | 8/11/2028 | 3,970 |  | 3,930 |  | 3,216 |  |
Harbor Purchaser Inc. | Education Services | First Lien Term Loan | SOFR+ | 5.25% | 8.38% |  | 4/9/2029 | 4,000 |  | 3,887 |  | 3,655 |  | (4)
Indivior Finance S.À.R.L. | Pharmaceuticals | First Lien Term Loan | L+ | 5.25% | 8.80% |  | 6/30/2026 | 3,950 |  | 3,890 |  | 3,886 |  |
INW Manufacturing, LLC | Personal Products | First Lien Term Loan | L+ | 5.75% | 9.42% |  | 3/25/2027 | 2,375 |  | 2,320 |  | 2,102 |  | (4)
Iris Holding, Inc. | Metal & Glass Containers | First Lien Term Loan | SOFR+ | 4.75% | 7.89% |  | 6/28/2028 | 2,000 |  | 1,846 |  | 1,844 |  |
LaserAway Intermediate Holdings II, LLC | Health Care Services | First Lien Term Loan | L+ | 5.75% | 8.23% |  | 10/14/2027 | 3,970 |  | 3,903 |  | 3,905 |  |
LTI Holdings, Inc. | Electronic Components | First Lien Term Loan | L+ | 3.25% | 6.37% |  | 9/6/2025 | 1,358 |  | 1,192 |  | 1,260 |  |
Portfolio Company | Industry | Investment Type | Index | Spread | Cash Interest Rate (1)(2) | PIK | Maturity Date | Principal | Cost | Fair Value (3) | Notes
MRI Software LLC | Application Software | First Lien Term Loan | L+ | 5.50% | 9.17% |  | 2/10/2026 | $ | 1,647 |  | $ | 1,632 |  | $ | 1,600 |  | (4)
MRI Software LLC | Application Software | First Lien Revolver | L+ | 5.50% |  |  | 2/10/2026 | — |  | (1) |  | (4) |  | (4)(5)
Northern Star Industries Inc. | Electrical Components & Equipment | First Lien Term Loan | L+ | 4.75% | 7.87% |  | 3/31/2025 | 5,252 |  | 5,243 |  | 5,095 |  |
OEConnection LLC | Application Software | First Lien Term Loan | L+ | 4.00% | 7.12% |  | 9/25/2026 | 3,888 |  | 3,871 |  | 3,752 |  | (4)
Planview Parent, Inc. | Application Software | Second Lien Term Loan | L+ | 7.25% | 10.92% |  | 12/18/2028 | 2,842 |  | 2,799 |  | 2,728 |  | (4)
Pluralsight, LLC | Application Software | First Lien Term Loan | L+ | 8.00% | 10.68% |  | 4/6/2027 | 4,465 |  | 4,398 |  | 4,325 |  | (4)
Pluralsight, LLC | Application Software | First Lien Revolver | L+ | 8.00% |  |  | 4/6/2027 | — |  | (5) |  | (10) |  | (4)(5)
Sabert Corporation | Metal & Glass Containers | First Lien Term Loan | L+ | 4.50% | 7.63% |  | 12/10/2026 | 1,691 |  | 1,674 |  | 1,623 |  | (4)
SHO Holding I Corporation | Footwear | First Lien Term Loan | L+ | 5.25% | 8.06% |  | 4/27/2024 | 6,094 |  | 6,082 |  | 5,332 |  |
SHO Holding I Corporation | Footwear | First Lien Term Loan | L+ | 5.23% | 8.04% |  | 4/27/2024 | 102 |  | 102 |  | 90 |  |
Spanx, LLC | Apparel Retail | First Lien Term Loan | L+ | 5.25% | 8.30% |  | 11/20/2028 | 4,962 |  | 4,876 |  | 4,845 |  | (4)
SPX Flow, Inc. | Industrial Machinery | First Lien Term Loan | SOFR+ | 4.50% | 7.63% |  | 4/5/2029 | 6,000 |  | 5,734 |  | 5,572 |  | (4)
Supermoose Borrower, LLC | Application Software | First Lien Term Loan | L+ | 3.75% | 7.42% |  | 8/29/2025 | 2,820 |  | 2,712 |  | 2,487 |  | (4)
Surgery Center Holdings, Inc. | Health Care Facilities | First Lien Term Loan | L+ | 3.75% | 6.51% |  | 8/31/2026 | 3,377 |  | 3,365 |  | 3,213 |  |
TIBCO Software Inc. | Application Software | First Lien Term Loan | SOFR+ | 4.50% | 8.15% |  | 3/30/2029 | 2,654 |  | 2,415 |  | 2,388 |  | (4)
Touchstone Acquisition, Inc. | Health Care Supplies | First Lien Term Loan | L+ | 6.00% | 9.12% |  | 12/29/2028 | 3,024 |  | 2,970 |  | 2,963 |  | (4)
Tribe Buyer LLC | Human Resource & Employment Services | First Lien Term Loan | L+ | 4.50% | 7.62% |  | 2/16/2024 | 1,583 |  | 1,582 |  | 1,266 |  |
Windstream Services II, LLC | Integrated Telecommunication Services | First Lien Term Loan | L+ | 6.25% | 9.37% |  | 9/21/2027 | 4,886 |  | 4,747 |  | 4,447 |  | (4)
WP CPP Holdings, LLC | Aerospace & Defense | First Lien Term Loan | L+ | 3.75% | 6.56% |  | 4/30/2025 | 993 |  | 955 |  | 892 |  | (4)
WP CPP Holdings, LLC | Aerospace & Defense | Second Lien Term Loan | L+ | 7.75% | 10.56% |  | 4/30/2026 | 3,000 |  | 2,986 |  | 2,534 |  | (4)
Total Portfolio Investments |  |  |  |  |  |  |  | $ | 143,225 |  | $ | 140,083 |  | $ | 133,144 |  |
__________ (1) Represents the interest rate as of September 30, 2022. All interest rates are payable in cash, unless otherwise noted. (2) The interest rate on the principal balance outstanding for most of the floating rate loans is indexed to LIBOR and/or an alternate base rate (e.g., prime rate), which typically resets semi-annually, quarterly, or monthly at the borrower's option. Certain loans may also be indexed to SOFR. The borrower may also elect to have multiple interest reset periods for each loan. For each of these loans, the Company has provided the applicable margin over the reference rates based on each respective credit agreement and the cash interest rate as of period end. All LIBOR shown above is in U.S. dollars. As of September 30, 2022, the reference rates for the Glick JV's variable rate loans were the 30-day LIBOR at 3.12%, the 90-day LIBOR at 3.67%, the 30-day SOFR at 3.03% and the 90-day SOFR at 3.55%. Most loans include an interest floor, which generally ranges from 0% to 1%. SOFR based contracts may include a credit spread adjustment that is charged in addition to the base rate and the stated spread. (3) Represents the current determination of fair value as of September 30, 2022 utilizing a similar technique as the Company in accordance with ASC 820. However, the determination of such fair value is not included in the valuation process described elsewhere herein. (4) This investment was held by both the Company and the Glick JV as of September 30, 2022. (5) Investment had undrawn commitments. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par. The cost and fair value of the Company's aggregate investment in the Glick JV was $50.3 million and $50.0 million, respectively, as of September 30, 2023. The cost and fair value of the Company's aggregate investment in the Glick JV was $50.2 million and $50.3 million, respectively, as of September 30, 2022. For the years ended September 30, 2023 and 2022 and for the period from March 19, 2021 to September 30, 2021, the Company's investment in the Glick JV Notes earned interest income of $6.7 million, $4.7 million and $2.4 million, respectively. The Company did not earn dividend income for the years ended September 30, 2023 and 2022 and for the period from March 19, 2021 to September 30, 2021 with respect to its investment in the LLC equity interest of the Glick JV. As of September 30, 2023, the Glick JV Notes bore interest at a rate of one-month SOFR plus 4.50% per annum and will mature on October 20, 2028. Below is certain summarized financial information for the Glick JV as of September 30, 2023 and September 30, 2022 and for the years ended September 30, 2023 and 2022 and for the period from March 19, 2021 to September 30, 2021:
| September 30, 2023 |  | September 30, 2022
Selected Balance Sheet Information: |  |  |
Investments at fair value (cost September 30, 2023: $127,788; September 30, 2022: 140,083) | $ | 123,343 |  |  | $ | 133,144 |
Cash and cash equivalents | 12,119 |  |  | 7,021 |
Restricted cash | 184 |  |  | 1,788 |
Other assets | 5,521 |  |  | 4,855 |
Total assets | $ | 141,167 |  |  | $ | 146,808 |
Senior credit facility payable | $ | 53,000 |  |  | $ | 82,082 |
Glick JV Notes payable at fair value (proceeds September 30, 2023: $66,685; September 30, 2022: 68,185) | 57,201 |  |  | 57,463 |
Secured borrowings | 18,106 |  |  | — |
Other liabilities | 12,860 |  |  | 7,263 |
Total liabilities | $ | 141,167 |  |  | $ | 146,808 |
Members' equity | — |  |  | — |
Total liabilities and members' equity | $ | 141,167 |  |  | $ | 146,808 |
|  | For the year ended September 30, 2023 |  | For the year ended September 30, 2022 |  | For the period from March 19, 2021 to September 30, 2021
Selected Statements of Operations Information: |  |  |  |  |  |
Interest income |  | $ | 14,043 |  |  | $ | 9,703 |  |  | $ | 4,643 |
Fee income |  | 63 |  |  | 149 |  |  | 67 |
Total investment income |  | 14,106 |  |  | 9,852 |  |  | 4,710 |
Senior credit facility and secured borrowing interest expense |  | 6,560 |  |  | 2,747 |  |  | 1,157 |
Glick JV Notes interest expense |  | 6,056 |  |  | 3,576 |  |  | 1,780 |
Other expenses |  | 182 |  |  | 168 |  |  | 95 |
Total expenses (1) |  | 12,798 |  |  | 6,491 |  |  | 3,032 |
Net investment income |  | 1,308 |  |  | 3,361 |  |  | 1,678 |
Net unrealized appreciation (depreciation) |  | 1,254 |  |  | (3,216) |  |  | (1,710) |
Realized gain (loss) |  | (2,562) |  |  | (145) |  |  | 32 |
Net income (loss) |  | $ | — |  |  | $ | — |  |  | $ | — |
__________ (1) There are no management fees or incentive fees charged at the Glick JV. The Glick JV has elected to fair value the Glick JV Notes issued to the Company and GF Debt Funding under ASC 825. The Glick JV Notes are valued based on the total assets less the liabilities senior to the Glick JV Notes in an amount not exceeding par under the EV technique. During the year ended September 30, 2023, the Company sold $6.5 million of senior secured debt investments to Glick JV for $6.3 million cash consideration, which represented the fair value at the time of sale. During the year ended September 30, 2022 and the period from March 19, 2021 to September 30, 2021, the Company did not sell any debt investments to the Glick JV.

X
- Definition The entire disclosure for investments owned by investment company. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12(Column A)(Footnote 1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12(Column C)(Footnote 8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B(Column C)(Footnote 11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column F)(Footnote 5)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B(Column A)(Footnote 8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//946-320/tableOfContent + Details
Name: | us-gaap_InvestmentHoldingsScheduleOfInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration