# EDGAR Filing Document

**Accession Number:** 0001794041
**File Stem:** 0000894189-25-006444
**Filing Date:** 2025-8
**Character Count:** 86058
**Document Hash:** 27bc34b1c4399d13edd8d6fe81c9fc4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-006444.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000894189-25-006444

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin BSP Private Credit Fund
- **CENTRAL INDEX KEY:** 0001794041

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23492
- **FILM NUMBER:** 251277824

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212-588-6770

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin BSP Private Credit Fund

- **b. Investment Company Act file number:** 811-23492

- **c. CIK number of Registrant:** 0001794041

- **d. LEI of Registrant:** 549300EZ3TEPDZJ0NK72

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-588-6770

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin BSP Private Credit Fund

- **c. LEI of Series:** 549300EZ3TEPDZJ0NK72

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $247528312.33

**Total Liabilities:** $111781447.61

**Net Assets:** $135746864.72

**Cash Not Reported:** $8029923.72

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 3756.551993000000 | **5-Year:** 368.210384000000 | **10-Year:** 21.011326000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 9203.996591000000 | **1-Year:** 3789.650351000000 | **5-Year:** 4575.924582000000 | **10-Year:** 250.402294000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.25%               | 1.23%                | 0.88%                |
| Class ID N/A | -0.21%               | 1.27%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $173245.51               | $-1332400.84                               |
| Month 2  | $573210.94               | $390389.93                                 |
| Month 3  | $335031.06               | $24090.68                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                               | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adelaide Borrower Delayed Draw T/L                 | Adelaide Borrower Delayed Draw T/L                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    412000 | PA      | $412000.00    | 0.30%             | 2026-05-08      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| Arctic Holdco (Novvia Project Scarecrow) Delayed D | Arctic Holdco (Novvia Project Scarecrow) Delayed D                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    270000 | PA      | $267462.00    | 0.20%             | 2032-02-02      | Floating      | 9.55%                 | No            |                  3 | On Loan: No      |
| Alera Group 2nd Lien T/L (05/25)                   | Alera Group, Inc., Senior Secured Second Lien Term Loan                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1195000 | PA      | $1216904.35   | 0.90%             | 2033-05-21      | Floating      | 9.83%                 | No            |                  2 | On Loan: No      |
| Amylu Holdco Delayed Draw T/L (6/25)               | Amylu Holdco Delayed Draw T/L (6/25)                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    365000 | PA      | $361383.24    | 0.27%             | 2031-06-10      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| FLASH CHARM INC                                    | Flash Charm Inc                                                           | CUSIP: 45168RAS2<br>LEI: 549300VQ6S3PWR8NUC48 | Long             | LON              | CORP              | US        |    503049 | PA      | $452743.90    | 0.33%             | 2029-03-02      | Floating      | 11.19%                | No            |                  3 | On Loan: No      |
| CORELOGIC INC                                      | CoreLogic Inc                                                             | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |   2250000 | PA      | $2180250.00   | 1.61%             | 2029-06-04      | Floating      | 10.94%                | No            |                  2 | On Loan: No      |
| EPE Merger Sub (Electric Power Engineer) R/C (12/2 | EPE Merger Sub (Electric Power Engineer) R/C (12/2                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    272000 | PA      | $269470.40    | 0.20%             | 2031-12-31      | Floating      | 8.83%                 | No            |                  3 | On Loan: No      |
| Accel International Holdings R/C (04/25)           | Accel International Holdings R/C (04/25)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    251000 | PA      | $249777.88    | 0.18%             | 2032-04-26      | Floating      | 8.78%                 | No            |                  3 | On Loan: No      |
| COINBASE GLOBAL INC                                | Coinbase Global Inc                                                       | CUSIP: 19260QAF4<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $3249591.00   | 2.39%             | 2030-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Consumer Cellular                                  | Consumer Cellular                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      1954 | PA      | $1915115.40   | 1.41%             | 2050-05-06      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| City Square White Plains senior Delayed Draw T/L   | City Square White Plains senior Delayed Draw T/L                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3000000 | PA      | $3000000.00   | 2.21%             | 2031-12-04      | Floating      | 9.66%                 | No            |                  3 | On Loan: No      |
| COMMERCEHUB INC                                    | Rithum Holdings Inc                                                       | CUSIP: 20084XAD6<br>LEI: 549300V3JZOSIRXFRG67 | Long             | LON              | CORP              | US        |    236395 | PA      | $234917.94    | 0.17%             | 2027-12-29      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| Azurite Intermediate Holdings T/L (3/24)           | Azurite Intermediate Holdings T/L (3/24)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    515625 | PA      | $515625.00    | 0.38%             | 2031-03-19      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| Azurite Intermediate Holdings R/C (03/24)          | Azurite Intermediate Holdings R/C (03/24)                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    187500 | PA      | $187500.00    | 0.14%             | 2031-03-19      | Floating      | 11.83%                | No            |                  3 | On Loan: No      |
| CORNERSTONE BUILDING                               | Cornerstone Building Brands Inc                                           | CUSIP: 72431HAE0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    997500 | PA      | $842887.50    | 0.62%             | 2031-05-15      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Aurora Merger Sub T/L                              | Aurora Merger Sub T/L                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1185000 | PA      | $1185000.00   | 0.87%             | 2031-07-10      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| Bingo Group Buyer T/L (7/24)                       | Bingo Group Buyer T/L (7/24)                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    784060 | PA      | $784060.00    | 0.58%             | 2031-07-10      | Floating      | 9.30%                 | No            |                  3 | On Loan: No      |
| Big Apple Advisory Delayed Draw T/L (PKF O'Connor  | Big Apple Advisory Delayed Draw T/L (PKF O'Connor                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1169000 | PA      | $1158362.10   | 0.85%             | 2031-11-18      | Floating      | 9.36%                 | No            |                  3 | On Loan: No      |
| Big Apple Advisory R/C (PKF O'Connor Davies Adviso | Big Apple Advisory R/C (PKF O'Connor Davies Adviso                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    327000 | PA      | $324024.30    | 0.24%             | 2030-11-18      | Floating      | 11.25%                | No            |                  3 | On Loan: No      |
| Dodge Construction Network New Money T/L A         | Dodge Construction Network New Money T/L A                                | CUSIP: 25641MAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1496250 | PA      | $1485970.76   | 1.09%             | 2029-01-31      | Floating      | 10.72%                | No            |                  3 | On Loan: No      |
| Electro-Methods R/C (02/25)                        | Electro-Methods R/C (02/25)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    425000 | PA      | $418965.00    | 0.31%             | 2032-02-23      | Floating      | 9.08%                 | No            |                  3 | On Loan: No      |
| 188 West St. James Senior Delayed Draw T/L         | 188 West St. James Senior Delayed Draw T/L                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4983500.00   | 3.67%             | 2032-03-20      | Floating      | 10.84%                | No            |                  3 | On Loan: No      |
| ALLIED BENEFITS SYSTEMS INTERMEDIATE DELAYED DRAW  | ALLIED BENEFITS SYSTEMS INTERMEDIATE DELAYED DRAW                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    784075 | PA      | $784075.00    | 0.58%             | 2030-10-31      | Floating      | 9.56%                 | No            |                  3 | On Loan: No      |
| Varicent Intermediate Delayed Draw T/L             | Varicent Intermediate Delayed Draw T/L                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    210974 | PA      | $208189.29    | 0.15%             | 2031-08-23      | Floating      | 7.85%                 | No            |                  3 | On Loan: No      |
| EPE Merger Sub (Electric Power Engineer) T/L B (12 | EPE Merger Sub (Electric Power Engineer) T/L B (12                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1428000 | PA      | $1414719.60   | 1.04%             | 2031-12-31      | Floating      | 8.80%                 | No            |                  3 | On Loan: No      |
| Einstein Parent R/C (01/25) (Smartsheet)           | Einstein Parent R/C (01/25) (Smartsheet)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    118000 | PA      | $115817.00    | 0.09%             | 2030-10-31      | Floating      | 10.80%                | No            |                  3 | On Loan: No      |
| TEI Intermediate T/L                               | TEI Intermediate T/L                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1169000 | PA      | $1166311.30   | 0.86%             | 2031-12-13      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| BRIGHTLINE EAST LLC                                | Brightline East LLC                                                       | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2960000.00   | 2.18%             | 2030-01-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| MRI Software LLC                                   | MRI Software LLC, Senior Secured First Lien Term Loan                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    275302 | PA      | $273484.71    | 0.20%             | 2026-02-10      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| MCKISSOCK INVESTMENT HOL                           | Mckissock Investment Holdings LLC                                         | CUSIP: 58175BAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1110938 | PA      | $1109826.56   | 0.82%             | 2029-03-12      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| 1800 Avenue at Port Imperial - Mezz                | 1800 Avenue at Port Imperial - Mezz                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1527000 | PA      | $1513715.10   | 1.12%             | 2029-07-09      | Floating      | 17.25%                | No            |                  3 | On Loan: No      |
| Adelaide Borrower T/L                              | Adelaide Borrower T/L                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1827586 | PA      | $1827585.50   | 1.35%             | 2031-05-08      | Floating      | 10.55%                | No            |                  3 | On Loan: No      |
| 188 West St. James Mezz Delayed Draw T/L           | 188 West St. James Mezz Delayed Draw T/L                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1237748 | PA      | $1225370.52   | 0.90%             | 2032-03-20      | Floating      | 14.00%                | No            |                  3 | On Loan: No      |
| FANNIE MAE                                         | Federal National Mortgage Association                                     | CUSIP: 313586752<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     83240 | NS      | $1248600.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HalseyPoint CLO II, Ltd.                           | Halseypoint CLO II Ltd                                                    | CUSIP: 40638TAU6<br>LEI: 549300PIQILNPH8UJT31 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996839.72    | 0.73%             | 2037-07-20      | Floating      | 9.27%                 | No            |                  3 | On Loan: No      |
| Hallandale_DDTL_S                                  | Hallandale_DDTL_S                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4294118 | PA      | $4268782.36   | 3.14%             | 2029-07-30      | Floating      | 12.61%                | No            |                  3 | On Loan: No      |
| FARADAY BUYER T/L (11/23)                          | FARADAY BUYER T/L (11/23)                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     72890 | PA      | $71687.32     | 0.05%             | 2028-10-11      | Floating      | 10.30%                | No            |                  3 | On Loan: No      |
| JETBLUE AIRWAYS CORP                               | JetBlue Airways Corp                                                      | CUSIP: 477143AQ4<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2977547.95   | 2.19%             | 2029-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PETVET CARE CENTERS DELAYED DRAW T/L (10/23)       | PetVet Care Centers, LLC, Senior Secured First Lien Delayed Draw Loan     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    226000 | PA      | $222361.40    | 0.16%             | 2030-11-15      | Floating      | 11.32%                | No            |                  3 | On Loan: No      |
| Saturn Sound Bidco T/L (12/24)                     | Saturn Sound Bidco T/L (12/24)                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1270000 | PA      | $1258316.00   | 0.93%             | 2031-12-03      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| TEI Intermediate Delayed Draw T/L                  | TEI Intermediate Delayed Draw T/L                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    374000 | PA      | $373139.80    | 0.27%             | 2031-12-13      | Floating      | 9.15%                 | No            |                  3 | On Loan: No      |
| TEI Intermediate R/C                               | TEI Intermediate R/C                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    159000 | PA      | $158634.30    | 0.12%             | 2031-12-13      | Floating      | 9.15%                 | No            |                  3 | On Loan: No      |
| Knowledge Pro Buyer Fifth Amd DD T/L (6/25)        | Knowledge Pro Buyer Fifth Amd DD T/L (6/25)                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    900000 | PA      | $900000.00    | 0.66%             | 2027-12-10      | Floating      | 9.41%                 | No            |                  3 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                              | NGL Energy Operating LLC / NGL Energy Finance Corp                        | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $505000.00    | 0.37%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                                | Shift4 Payments Inc                                                       | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $802917.38    | 0.59%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Navesink CLO, Limited                              | Navesink CLO 1 Ltd                                                        | CUSIP: 98886CBC9<br>LEI: 549300Z3UTJMSTE02P68 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1250000.00   | 0.92%             | 2033-07-25      | Floating      | 9.88%                 | No            |                  3 | On Loan: No      |
| FIRST BRANDS GROUP LLC                             | First Brands Group LLC                                                    | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2471913 | PA      | $2327206.84   | 1.71%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| IW BUYER T/L                                       | IW BUYER T/L                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1136876 | PA      | $1136876.24   | 0.84%             | 2029-06-16      | Floating      | 9.40%                 | No            |                  3 | On Loan: No      |
| IW BUYER R/C                                       | IW BUYER R/C                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    290135 | PA      | $290134.83    | 0.21%             | 2029-06-16      | Floating      | 12.17%                | No            |                  3 | On Loan: No      |
| LSF12 DONNELLY BIDCO T/L                           | LSF12 DONNELLY BIDCO T/L                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1108125 | PA      | $1108125.00   | 0.82%             | 2030-09-30      | Floating      | 10.83%                | No            |                  3 | On Loan: No      |
| PETVET CARE CENTERS R/C (10/23)                    | PetVet Care Centers, LLC, Senior Secured First Lien Revolving Credit Loan | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    226000 | PA      | $222361.40    | 0.16%             | 2029-11-15      | Floating      | 11.32%                | No            |                  3 | On Loan: No      |
| Reagent Chemical & Research R/C                    | Reagent Chemical & Research R/C                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    387000 | PA      | $387000.00    | 0.29%             | 2030-04-01      | Floating      | 10.57%                | No            |                  3 | On Loan: No      |
| Mandrake BidCo R/C                                 | Mandrake BidCo R/C                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    517000 | PA      | $517000.00    | 0.38%             | 2031-07-24      | Floating      | 10.10%                | No            |                  3 | On Loan: No      |
| FNZ USA FINCO                                      | FNZ USA FinCo LLC                                                         | CUSIP: 30339HAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1228125.00   | 0.90%             | 2031-11-05      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| FloWorks International T/L (11/24)                 | FloWorks International T/L (11/24)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2030000 | PA      | $2011527.00   | 1.48%             | 2031-11-26      | Floating      | 9.07%                 | No            |                  3 | On Loan: No      |
| EPE Merger Sub (Electric Power Engineer) Delayed D | EPE Merger Sub (Electric Power Engineer) Delayed D                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    680000 | PA      | $673676.00    | 0.50%             | 2031-12-31      | Floating      | 8.83%                 | No            |                  3 | On Loan: No      |
| Elmwood CLO 32 Ltd                                 | Elmwood CLO 32 Ltd                                                        | CUSIP: 29003TAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800000.00    | 0.59%             | 2037-10-18      | Floating      | 8.47%                 | No            |                  3 | On Loan: No      |
| Frontier Issuer LLC                                | Frontier Issuer LLC                                                       | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1098300.00   | 0.81%             | 2054-06-20      | Fixed         | 11.16%                | No            |                  3 | On Loan: No      |
| Golub Capital Partners Short D                     | Golub Capital Partners Short Duration 2022-1                              | CUSIP: 38179FAY7<br>LEI: 2549003BCD47A99URJ88 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500000.00   | 1.10%             | 2033-07-25      | Floating      | 8.88%                 | No            |                  3 | On Loan: No      |
| VOLUNTEER ACQUISITIONCO T/L                        | VOLUNTEER ACQUISITIONCO T/L                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4079997 | PA      | $4006148.99   | 2.95%             | 2029-09-01      | Floating      | 10.81%                | No            |                  3 | On Loan: No      |
| VOLUNTEER ACQUISITIONCO R/C                        | VOLUNTEER ACQUISITIONCO R/C                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    638000 | PA      | $626452.20    | 0.46%             | 2029-09-01      | Floating      | 11.91%                | No            |                  3 | On Loan: No      |
| Higginbotham Insurance Agency No.5 T/L             | Higginbotham Insurance Agency No.5 T/L                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1551783 | PA      | $1551782.98   | 1.14%             | 2028-11-25      | Floating      | 8.83%                 | No            |                  3 | On Loan: No      |
| Coalesce Merlin Purchaser Delayed Draw T/L 2       | Coalesce Merlin Purchaser Delayed Draw T/L 2                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    500000 | PA      | $496700.00    | 0.37%             | 2030-09-10      | Floating      | 9.11%                 | No            |                  3 | On Loan: No      |
| Westwood Professional Services R/C                 | Westwood Professional Services R/C                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    349000 | PA      | $349000.00    | 0.26%             | 2031-09-19      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| WATERBRIDGE MIDSTREAM OP                           | WaterBridge Midstream Operating LLC                                       | CUSIP: 94120XAF2<br>LEI: 549300DVU86VSP486341 | Long             | LON              | CORP              | US        |   2491250 | PA      | $2474782.84   | 1.82%             | 2029-06-27      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Dominion and Montabella                            | Dominion and Montabella                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3000000 | PA      | $3000000.00   | 2.21%             | 2028-02-09      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| REALTRUCK GROUP INC                                | Realtruck Group Inc                                                       | CUSIP: 89778PAH0<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |    993741 | PA      | $901322.68    | 0.66%             | 2028-01-31      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| Faraday Buyer T/L (1/24)                           | Faraday Buyer T/L (1/24)                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    342548 | PA      | $336895.94    | 0.25%             | 2028-10-11      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| RUSSELL INVESTMENTS US                             | Russell Investments US Institutional Holdco Inc                           | CUSIP: 78249LAE0<br>LEI: 5493008YG7V0FQCJQI74 | Long             | LON              | CORP              | US        |    752786 | PA      | $708747.91    | 0.52%             | 2027-05-28      | Floating      | 9.29%                 | No            |                  2 | On Loan: No      |
| PlayPower T/L (08/24)                              | PlayPower T/L (08/24)                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    972115 | PA      | $972115.00    | 0.72%             | 2030-08-26      | Floating      | 9.55%                 | No            |                  3 | On Loan: No      |
| Trystar T/L                                        | Trystar T/L                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1265828 | PA      | $1265827.50   | 0.93%             | 2031-08-06      | Floating      | 8.79%                 | No            |                  3 | On Loan: No      |
| Carr Riggs & ingram Capital T/L                    | Carr Riggs & ingram Capital T/L                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    647000 | PA      | $641112.30    | 0.47%             | 2031-11-18      | Floating      | 9.07%                 | No            |                  3 | On Loan: No      |
| Rialto Managment Group T/L (12/24)                 | Rialto Managment Group T/L (12/24)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1066157 | PA      | $1056561.81   | 0.78%             | 2030-12-05      | Floating      | 9.33%                 | No            |                  3 | On Loan: No      |
| Cold Spring Brewing T/L B1 (12/24)                 | Cold Spring Brewing T/L B1 (12/24)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1169638 | PA      | $1159227.83   | 0.85%             | 2029-12-10      | Floating      | 9.08%                 | No            |                  3 | On Loan: No      |
| InhabitIQ T/L (1/25)                               | InhabitIQ T/L (1/25)                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1338000 | PA      | $1331711.40   | 0.98%             | 2032-01-09      | Floating      | 8.83%                 | No            |                  3 | On Loan: No      |
| PlayPower Incremental T/L (02/25)                  | PlayPower Incremental T/L (02/25)                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    164588 | PA      | $164587.50    | 0.12%             | 2030-08-26      | Floating      | 9.55%                 | No            |                  3 | On Loan: No      |
| NEW FORTRESS ENERGY INC                            | New Fortress Energy Inc                                                   | CUSIP: 64439HAC3<br>LEI: 254900EICTYTCHA5X705 | Long             | LON              | CORP              | US        |   3987459 | PA      | $2144375.81   | 1.58%             | 2028-10-30      | Floating      | 9.81%                 | No            |                  2 | On Loan: No      |
| CCI Buyer (Consumer Cellular) T/L                  | CCI Buyer (Consumer Cellular) T/L                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2815000 | PA      | $2787378.43   | 2.05%             | 2032-05-13      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| JAZZ INVESTMENTS I LTD                             | Jazz Investments I Ltd                                                    | CUSIP: 472145AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $793066.65    | 0.58%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MICROSTRATEGY INC                                  | MicroStrategy Inc                                                         | CUSIP: 594972AT8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1162964.90   | 0.86%             | 2030-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                            | Office Properties Income Trust                                            | CUSIP: 67623CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $725656.28    | 0.53%             | 2029-03-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP INC                                    | Uniti Group Inc                                                           | CUSIP: 91325VAA6<br>LEI: 549300V3NU625PJUVA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $546563.00    | 0.40%             | 2027-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                             | Venture Global LNG Inc                                                    | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    750000 | PA      | $729375.00    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| LABL INC                                           | LABL Inc                                                                  | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    746154 | PA      | $670359.54    | 0.49%             | 2028-10-30      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                               | Neptune Bidco US Inc                                                      | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   1238630 | PA      | $1168511.12   | 0.86%             | 2029-04-11      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| PlayPower R/C                                      | PlayPower R/C                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    148000 | PA      | $148000.00    | 0.11%             | 2030-08-26      | Floating      | 10.50%                | No            |                  3 | On Loan: No      |
| Trystar R/C                                        | Trystar R/C                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    322000 | PA      | $322000.00    | 0.24%             | 2031-08-06      | Floating      | 9.73%                 | No            |                  3 | On Loan: No      |
| Westwood Professional Services Delayed Draw T/L    | Westwood Professional Services Delayed Draw T/L                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    672951 | PA      | $672951.18    | 0.50%             | 2031-09-19      | Floating      | 9.06%                 | No            |                  3 | On Loan: No      |
| InhabitIQ (1/25) R/C                               | InhabitIQ (1/25) R/C                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    232000 | PA      | $230909.60    | 0.17%             | 2032-01-09      | Floating      | 8.80%                 | No            |                  3 | On Loan: No      |
| X CORP                                             | X Corp                                                                    | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5993622 | PA      | $5823823.13   | 4.29%             | 2029-10-29      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Megavolt Borrower T/L                              | Megavolt Borrower T/L                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1902000 | PA      | $1866052.20   | 1.37%             | 2032-02-13      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| Socket Holdings Add-on T/L (03/25)                 | Socket Holdings Add-on T/L (03/25)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1197000 | PA      | $1185269.40   | 0.87%             | 2031-03-31      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| SitusAMC Holdings T/L (05/25)                      | SitusAMC Holdings T/L (05/25)                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2815000 | PA      | $2801226.94   | 2.06%             | 2031-05-14      | Floating      | 9.81%                 | No            |                  3 | On Loan: No      |
| KKR & CO INC                                       | KKR & Co Inc                                                              | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     10900 | NS      | $584240.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Parent R/C                                  | Armada Parent R/C                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    356000 | PA      | $354238.99    | 0.26%             | 2027-10-29      | Floating      | 10.18%                | No            |                  3 | On Loan: No      |
| ALTAR BIDCO INC                                    | Altar Bidco Inc                                                           | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1406250.00   | 1.04%             | 2030-02-01      | Floating      | 9.75%                 | No            |                  2 | On Loan: No      |
| Axiom Global Refinancing T/L                       | Axiom Global Inc., Senior Secured First Lien Term Loan                    | CUSIP: 05464KAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1389500 | PA      | $1389500.00   | 1.02%             | 2028-10-02      | Floating      | 9.14%                 | No            |                  3 | On Loan: No      |
| ENGINEERING RESEARCH AND                           | Engineering Research And Consulting LLC                                   | CUSIP: 29288KAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    748125 | PA      | $748125.00    | 0.55%             | 2031-08-29      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| FloWorks International Delayed Draw T/L (11/24)    | FloWorks International Delayed Draw T/L (11/24)                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    254000 | PA      | $251688.60    | 0.19%             | 2031-11-26      | Floating      | 9.27%                 | No            |                  3 | On Loan: No      |
| ALVOGEN PHARMA US INC                              | Alvogen Pharma US Inc                                                     | CUSIP: 02255HAF7<br>LEI: 549300YDWMG6VTRDT963 | Long             | LON              | CORP              | US        |    124525 | PA      | $41093.30     | 0.03%             | 2029-03-01      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                              | Alibaba Group Holding Ltd                                                 | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    750000 | PA      | $955006.65    | 0.70%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| MKS INC                                            | MKS Inc                                                                   | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2227432.50   | 1.64%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| MICROSTRATEGY INC                                  | MicroStrategy Inc                                                         | CUSIP: 594972AP6<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |    540000 | PA      | $1262996.41   | 0.93%             | 2028-09-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                                 | Riot Platforms Inc                                                        | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |    750000 | PA      | $781734.23    | 0.58%             | 2030-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| RUBRIK INC                                         | Rubrik Inc                                                                | CUSIP: 781154AC3<br>LEI: 254900TRGK2WTBYMYU27 | Long             | DBT              | CORP              | US        |    500000 | PA      | $522341.00    | 0.38%             | 2030-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Belvedere Bridge Onboarding - Mezz                 | Belvedere Bridge Onboarding - Mezz                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    965251 | PA      | $956177.64    | 0.70%             | 2028-04-09      | Floating      | 19.85%                | No            |                  3 | On Loan: No      |
| City Square White Plains Mezz Delayed Draw T/L     | City Square White Plains Mezz Delayed Draw T/L                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    384783 | PA      | $384783.00    | 0.28%             | 2031-12-04      | Floating      | 16.00%                | No            |                  3 | On Loan: No      |
| S&S HOLDINGS LLC                                   | S&S Holdings LLC                                                          | CUSIP: 78524JAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $982400.00    | 0.72%             | 2029-03-12      | Floating      | 13.17%                | No            |                  3 | On Loan: No      |
| NEXUS BUYER LLC                                    | Nexus Buyer LLC                                                           | CUSIP: 65343UAE2<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |    750000 | PA      | $743302.50    | 0.55%             | 2029-11-05      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| SERRANO PARENT T/L                                 | SERRANO PARENT T/L                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3135000 | PA      | $3069165.00   | 2.26%             | 2030-05-12      | Floating      | 10.71%                | No            |                  3 | On Loan: No      |
| ARAMSCO INC                                        | Aramsco Inc                                                               | CUSIP: 03853CAG0<br>LEI: 549300YLYMLCCLQAZU59 | Long             | LON              | CORP              | US        |   1667643 | PA      | $1447514.01   | 1.07%             | 2030-10-11      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| Artifact Bidco T/L                                 | Artifact Bidco, Inc., Senior Secured First Lien Term Loan                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    792000 | PA      | $792000.00    | 0.58%             | 2031-05-22      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| Artifact Bidco Delayed Draw T/L                    | Artifact Bidco, Inc., Senior Secured First Lien Delayed Draw Loan         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    194000 | PA      | $194000.00    | 0.14%             | 2031-05-22      | Floating      | 9.78%                 | No            |                  3 | On Loan: No      |
| Coalesce Merlin Purchaser R/C                      | Coalesce Merlin Purchaser R/C                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    250000 | PA      | $248350.00    | 0.18%             | 2030-09-10      | Floating      | 9.11%                 | No            |                  3 | On Loan: No      |
| Project Alpha Intermediate Holding 2nd Lien T/L (1 | Project Alpha Intermediate Holding 2nd Lien T/L (1                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000000 | PA      | $992500.00    | 0.73%             | 2032-11-22      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| Carr Riggs & ingram Capital Delayed Draw T/L       | Carr Riggs & ingram Capital Delayed Draw T/L                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    328000 | PA      | $325015.20    | 0.24%             | 2031-11-07      | Floating      | 9.02%                 | No            |                  3 | On Loan: No      |
| Saturn Sound Bidco Delayed Draw T/L (12/24)        | Saturn Sound Bidco Delayed Draw T/L (12/24)                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    231000 | PA      | $228874.80    | 0.17%             | 2031-12-03      | Floating      | 9.78%                 | No            |                  3 | On Loan: No      |
| Arctic Holdco (Novvia Project Scarecrow) R/C (1/25 | Arctic Holdco (Novvia Project Scarecrow) R/C (1/25                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    180000 | PA      | $178308.00    | 0.13%             | 2031-01-31      | Floating      | 9.55%                 | No            |                  3 | On Loan: No      |
| Lighthouse Intelligence T/L                        | Lighthouse Intelligence T/L                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1141000 | PA      | $1124644.21   | 0.83%             | 2030-04-10      | Floating      | 9.21%                 | No            |                  3 | On Loan: No      |
| Accel International Holdings T/L (04/25)           | Accel International Holdings T/L (04/25)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1462000 | PA      | $1454881.39   | 1.07%             | 2032-04-26      | Floating      | 8.78%                 | No            |                  3 | On Loan: No      |
| HS PURCHASER LLC                                   | HS Purchaser LLC                                                          | CUSIP: 42351EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1489549 | PA      | $1415071.83   | 1.04%             | 2026-11-30      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                            | Global Medical Response Inc                                               | CUSIP: 00169QAG4<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |     35050 | PA      | $35069.66     | 0.03%             | 2028-10-02      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| Hometown Food T/L B (4/25)                         | Hometown Food T/L B (4/25)                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1125000 | PA      | $1114136.38   | 0.82%             | 2030-10-31      | Floating      | 8.75%                 | No            |                  3 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                            | Akamai Technologies Inc                                                   | CUSIP: 00971TAN1<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |    750000 | PA      | $711375.00    | 0.52%             | 2029-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Cliffwater Second Amend R/C                        | Cliffwater Second Amend R/C                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    154000 | PA      | $152460.00    | 0.11%             | 2032-04-09      | Floating      | 8.82%                 | No            |                  3 | On Loan: No      |
| ALLIED BENEFITS SYSTEMS INTERMEDIATE T/L           | ALLIED BENEFITS SYSTEMS INTERMEDIATE T/L                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3137310 | PA      | $3137310.00   | 2.31%             | 2030-10-31      | Floating      | 9.56%                 | No            |                  3 | On Loan: No      |
| ALTO INGREDIENTS INC                               | Alto Ingredients Inc                                                      | CUSIP: N/A<br>LEI: 549300TI77MKE21DLE34       | Long             | LON              | CORP              | US        |   1110938 | PA      | $1110937.50   | 0.82%             | 2028-11-07      | Fixed         | 10.55%                | No            |                  3 | On Loan: No      |
| Azurite Intermediate Holdings Delayed Draw T/L (03 | Azurite Intermediate Holdings Delayed Draw T/L (03                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1171875 | PA      | $1171875.00   | 0.86%             | 2031-03-19      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| Artifact Bidco R/C                                 | Artifact Bidco, Inc., Senior Secured First Lien Revolving Credit Loan     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    139000 | PA      | $139000.00    | 0.10%             | 2030-05-22      | Floating      | 9.78%                 | No            |                  3 | On Loan: No      |
| Bingo Group Buyer Delayed Draw T/L (7/24)          | Bingo Group Buyer Delayed Draw T/L (7/24)                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    244000 | PA      | $244000.00    | 0.18%             | 2031-07-10      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| Coalesce Merlin Purchaser T/L                      | Coalesce Merlin Purchaser T/L                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    897750 | PA      | $891824.85    | 0.66%             | 2030-09-10      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| Arctic Holdco (Novvia Project Scarecrow) T/L B (1/ | Arctic Holdco (Novvia Project Scarecrow) T/L B (1/                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2368065 | PA      | $2345805.19   | 1.73%             | 2032-01-31      | Floating      | 9.55%                 | No            |                  3 | On Loan: No      |
| CCI Buyer (Consumer Cellular) R/C                  | CCI Buyer (Consumer Cellular) R/C                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    164000 | PA      | $162390.79    | 0.12%             | 2032-05-13      | Floating      | 9.33%                 | No            |                  3 | On Loan: No      |
| Amylu Holdco T/L (6/25)                            | Amylu Holdco T/L (6/25)                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2129000 | PA      | $2107903.89   | 1.55%             | 2031-06-10      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| Amylu Holdco R/C (6/25)                            | Amylu Holdco R/C (6/25)                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    426000 | PA      | $421778.80    | 0.31%             | 2031-06-10      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| Armada Parent 3th Amend 2025 T/L                   | Armada Parent 3th Amend 2025 T/L                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3011000 | PA      | $2996105.64   | 2.21%             | 2030-10-29      | Floating      | 9.56%                 | No            |                  3 | On Loan: No      |
| Armada Parent 3th Amend 2025 Delayed Draw T/L      | Armada Parent 3th Amend 2025 Delayed Draw T/L                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    207000 | PA      | $205976.04    | 0.15%             | 2030-10-29      | Floating      | 9.56%                 | No            |                  3 | On Loan: No      |
| CORE SCIENTIFIC INC                                | Core Scientific Inc                                                       | CUSIP: 21874AAE6<br>LEI: 5299003RGB2LAZ65RK73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $544250.00    | 0.40%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 31 Ltd                                 | Elmwood CLO 31 Ltd                                                        | CUSIP: 29003HAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 1.10%             | 2037-07-17      | Floating      | 8.48%                 | No            |                  3 | On Loan: No      |
| EASTERN POWER LLC                                  | Eastern Power LLC                                                         | CUSIP: 87264NAB3<br>LEI: 5493000R3E1L1VM1V279 | Long             | LON              | CORP              | US        |   1467612 | PA      | $1468624.39   | 1.08%             | 2028-04-03      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| Cliffwater Second Amend T/L                        | Cliffwater Second Amend T/L                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1627000 | PA      | $1611169.05   | 1.19%             | 2032-04-09      | Floating      | 9.28%                 | No            |                  3 | On Loan: No      |
| Aurora Merger Sub Delayed Draw T/L                 | Aurora Merger Sub Delayed Draw T/L                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    564000 | PA      | $564000.00    | 0.42%             | 2031-07-12      | Floating      | 5.30%                 | No            |                  3 | On Loan: No      |
| Mandrake BidCo T/L                                 | Mandrake BidCo T/L                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3037140 | PA      | $3037140.00   | 2.24%             | 2031-08-20      | Floating      | 8.78%                 | No            |                  3 | On Loan: No      |
| Carr Riggs & Ingram Capital R/C                    | Carr Riggs & Ingram Capital R/C                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    150000 | PA      | $148635.00    | 0.11%             | 2031-11-18      | Floating      | 9.07%                 | No            |                  3 | On Loan: No      |
| Last Dance Intermediate II Initial T/L (Socket Hol | Last Dance Intermediate II Initial T/L (Socket Hol                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1213000 | PA      | $1195532.80   | 0.88%             | 2031-03-31      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| VOLUNTEER ACQUISITIONCO DELAYED DRAW T/L           | VOLUNTEER ACQUISITIONCO DELAYED DRAW T/L                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    317405 | PA      | $311659.97    | 0.23%             | 2029-09-01      | Floating      | 10.83%                | No            |                  3 | On Loan: No      |
| Varicent Intermediate T/L                          | Varicent Intermediate T/L                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1018390 | PA      | $1004947.61   | 0.74%             | 2031-08-23      | Floating      | 7.05%                 | No            |                  3 | On Loan: No      |
| Varicent Intermediate R/C                          | Varicent Intermediate R/C                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    127000 | PA      | $125323.60    | 0.09%             | 2031-08-23      | Floating      | 5.50%                 | No            |                  3 | On Loan: No      |
| Lighthouse Intelligence R/C                        | Lighthouse Intelligence R/C                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    439000 | PA      | $432707.11    | 0.32%             | 2030-04-10      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| Bingo Group Buyer R/C (7/24)                       | Bingo Group Buyer R/C (7/24)                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     94000 | PA      | $94000.00     | 0.07%             | 2031-07-10      | Floating      | 9.30%                 | No            |                  3 | On Loan: No      |
| AMERIGAS PART/FIN CORP                             | AmeriGas Partners LP / AmeriGas Finance Corp                              | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $778670.48    | 0.57%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| 1800 Avenue at Port Imperial                       | 1800 Avenue at Port Imperial                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4000000 | PA      | $3962800.00   | 2.92%             | 2029-07-09      | Floating      | 10.62%                | No            |                  3 | On Loan: No      |
| Adelaide Borrower R/C                              | Adelaide Borrower R/C                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    258000 | PA      | $258000.00    | 0.19%             | 2031-05-08      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| Zendesk 2024 T/L - target                          | Zendesk 2024 T/L - target                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    545240 | PA      | $545240.32    | 0.40%             | 2028-11-22      | Floating      | 9.30%                 | No            |                  3 | On Loan: No      |
| Zendesk R/C (07/24)                                | Zendesk R/C (07/24)                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     55000 | PA      | $55000.00     | 0.04%             | 2028-11-22      | Floating      | 9.33%                 | No            |                  3 | On Loan: No      |
| ASP Integrity Acquisition T/L (3/25)               | ASP Integrity Acquisition T/L (3/25)                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1680000 | PA      | $1655976.00   | 1.22%             | 2032-03-08      | Floating      | 9.30%                 | No            |                  3 | On Loan: No      |
| Last Dance Intermediate II Delayed Draw T/L (Socke | Last Dance Intermediate II Delayed Draw T/L (Socke                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    965000 | PA      | $953227.00    | 0.70%             | 2031-03-31      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| Lighthouse Intelligence Delayed Draw T/L           | Lighthouse Intelligence Delayed Draw T/L                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    615000 | PA      | $606184.21    | 0.45%             | 2030-04-10      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| Knowledge Pro Buyer Fifth Amd R/C (6/25)           | Knowledge Pro Buyer Fifth Amd R/C (6/25)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    180000 | PA      | $180000.00    | 0.13%             | 2027-12-10      | Floating      | 9.41%                 | No            |                  3 | On Loan: No      |
| Zendesk Amd No. 1 Delayed Draw T/L                 | Zendesk Amd No. 1 Delayed Draw T/L                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    132778 | PA      | $132777.78    | 0.10%             | 2028-11-22      | Floating      | 9.33%                 | No            |                  3 | On Loan: No      |
| Westwood Professional Services T/L                 | Westwood Professional Services T/L                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2312380 | PA      | $2312380.00   | 1.70%             | 2030-09-19      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| BOX INC                                            | Box Inc                                                                   | CUSIP: 10316TAC8<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025891.60   | 0.76%             | 2029-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                           | GrafTech Global Enterprises Inc                                           | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2162243.33   | 1.59%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Belvedere Bridge Onboarding - Senior               | Belvedere Bridge Onboarding - Senior                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4953000.00   | 3.65%             | 2028-04-09      | Floating      | 10.47%                | No            |                  3 | On Loan: No      |
| COREWEAVE INC                                      | CoreWeave Inc                                                             | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    750000 | PA      | $766957.50    | 0.56%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                  | Generate Clo 11 Ltd                                                       | CUSIP: 37149HAU0<br>LEI: 549300LO5FP76OLGQK93 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 1.47%             | 2037-10-20      | Floating      | 9.12%                 | No            |                  3 | On Loan: No      |
| FARADAY BUYER LLC                                  | Faraday Buyer LLC                                                         | CUSIP: N/A<br>LEI: 254900WW5EKK07LASU64       | Long             | LON              | CORP              | US        |     47000 | PA      | $46224.50     | 0.03%             | 2028-10-11      | Floating      | 12.33%                | No            |                  3 | On Loan: No      |
| DEMAKES BORROWER T/L                               | DEMAKES BORROWER T/L                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    992438 | PA      | $992437.50    | 0.73%             | 2029-12-12      | Floating      | 10.30%                | No            |                  3 | On Loan: No      |
| Instructure/Icon Parent 7/24 2nd Lien T/L          | Icon Parent I Inc., Senior Secured Second Lien Term Loan                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000000 | PA      | $1007500.00   | 0.74%             | 2032-09-12      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| Higgin_Pref                                        | Higgin_Pref                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |       522 | PA      | $514170.00    | 0.38%             | 2028-11-25      | Variable      | 10500.00%             | No            |                  3 | On Loan: No      |
| Highway 16A Apartments                             | Highway 16A Apartments                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3000000 | PA      | $2970000.00   | 2.19%             | 2030-02-09      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| SERRANO PARENT R/C                                 | SERRANO PARENT R/C                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    323000 | PA      | $316217.00    | 0.23%             | 2029-05-12      | Floating      | 11.83%                | No            |                  3 | On Loan: No      |
| Higginbotham Insurance Agency 4th Amen Delayed Dra | Higginbotham Insurance Agency 4th Amen Delayed Dra                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1047392 | PA      | $1047391.59   | 0.77%             | 2028-11-25      | Floating      | 9.07%                 | No            |                  3 | On Loan: No      |
| Aurora Merger Sub R/C                              | Aurora Merger Sub R/C                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    226000 | PA      | $226000.00    | 0.17%             | 2031-07-12      | Floating      | 5.30%                 | No            |                  3 | On Loan: No      |
| Trystar Delayed Draw T/L                           | Trystar Delayed Draw T/L                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    645000 | PA      | $645000.00    | 0.48%             | 2031-08-06      | Floating      | 9.73%                 | No            |                  3 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES                            | Saks Global Enterprises LLC                                               | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $735000.00    | 0.54%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| PERATON CORP                                       | Peraton Corp                                                              | CUSIP: 71360HAG2<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   3275000 | PA      | $2276125.00   | 1.68%             | 2029-02-01      | Floating      | 12.18%                | No            |                  2 | On Loan: No      |
| VACO HOLDINGS LLC                                  | Vaco Holdings LLC                                                         | CUSIP: 91865FAJ8<br>LEI: 54930076HTNXBP03T379 | Long             | LON              | CORP              | US        |   1983994 | PA      | $1814362.50   | 1.34%             | 2029-01-22      | Floating      | 9.45%                 | No            |                  2 | On Loan: No      |
| Rialto Managment Group R/C (12/24)                 | Rialto Managment Group R/C (12/24)                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     39000 | PA      | $38649.00     | 0.03%             | 2030-12-05      | Floating      | 9.53%                 | No            |                  3 | On Loan: No      |
| Einstein Parent T/L (01/25) (Smartsheet)           | Einstein Parent T/L (01/25) (Smartsheet)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1142000 | PA      | $1120873.00   | 0.83%             | 2031-01-22      | Floating      | 10.77%                | No            |                  3 | On Loan: No      |
| Electro-Methods T/L (02/25)                        | Electro-Methods T/L (02/25)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1770000 | PA      | $1744866.00   | 1.29%             | 2032-02-23      | Floating      | 9.08%                 | No            |                  3 | On Loan: No      |
| Trystar First Amend T/L (09/24)                    | Trystar First Amend T/L (09/24)                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    534660 | PA      | $534660.00    | 0.39%             | 2031-08-06      | Floating      | 8.78%                 | No            |                  3 | On Loan: No      |
| Big Apple Advisory T/L (PKF O'Connor Davies Adviso | Big Apple Advisory T/L (PKF O'Connor Davies Adviso                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2432000 | PA      | $2409868.80   | 1.78%             | 2031-11-18      | Floating      | 8.81%                 | No            |                  3 | On Loan: No      |
| Micross (Corfin) T/L                               | Micross (Corfin) T/L                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1125000 | PA      | $1125000.00   | 0.83%             | 2032-01-13      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| ASP Integrity Acquisition Delayed Draw T/L (3/25)  | ASP Integrity Acquisition Delayed Draw T/L (3/25)                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    280000 | PA      | $275996.00    | 0.20%             | 2032-03-05      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| ASP Integrity Acquisition R/C (3/25)               | ASP Integrity Acquisition R/C (3/25)                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    315000 | PA      | $310495.50    | 0.23%             | 2031-03-05      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| Last Dance Intermediate II R/C (Socket Holdings Co | Last Dance Intermediate II R/C (Socket Holdings Co                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    248000 | PA      | $244974.40    | 0.18%             | 2031-03-31      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| InhabitIQ (1/25) Delayed Draw T/L                  | InhabitIQ (1/25) Delayed Draw T/L                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    372000 | PA      | $370251.60    | 0.27%             | 2032-01-09      | Floating      | 8.80%                 | No            |                  3 | On Loan: No      |
| Knowledge Pro Buyer Amendment No. 5 Incremental T/ | Knowledge Pro Buyer Amendment No. 5 Incremental T/                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     45000 | PA      | $45000.00     | 0.03%             | 2027-12-10      | Floating      | 9.41%                 | No            |                  3 | On Loan: No      |
| NORTHERN OIL & GAS INC                             | Northern Oil & Gas Inc                                                    | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    750000 | PA      | $781875.00    | 0.58%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                          | PG&E Corp                                                                 | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |    110700 | NS      | $4162320.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MH SUB I LLC                                       | MH Sub I LLC                                                              | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1250000 | PA      | $1092187.50   | 0.80%             | 2029-02-23      | Floating      | 10.58%                | No            |                  2 | On Loan: No      |
| PETVET CARE CENTERS LLC                            | PetVet Care Centers LLC                                                   | CUSIP: N/A<br>LEI: 549300V0HK8MSXZNOM91       | Long             | LON              | CORP              | US        |   1710350 | PA      | $1682813.36   | 1.24%             | 2030-10-24      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| Reagent Chemical & Research T/L                    | Reagent Chemical & Research T/L                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2531798 | PA      | $2531797.50   | 1.87%             | 2030-04-01      | Floating      | 9.58%                 | No            |                  3 | On Loan: No      |
| MRI Software Tranche 6 Delayed Draw T/L (08/24)    | MRI Software LLC, Senior Secured First Lien Delayed Draw Loan             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    848048 | PA      | $842450.39    | 0.62%             | 2027-02-10      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** Franklin BSP Private Credit Fund

**Signature:** Nina Baryski

**Name of Signer:** Nina Baryski

**Title:** Managing Director