# EDGAR Filing Document

**Accession Number:** 0001864609
**File Stem:** 0001145549-25-055744
**Filing Date:** 2025-8
**Character Count:** 121916
**Document Hash:** 0c0c0e58e9332ae1c874b52491880054
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055744.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055744

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cascade Private Capital Fund
- **CENTRAL INDEX KEY:** 0001864609

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23700
- **FILM NUMBER:** 251270490

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** (414) 299-2030

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Barings Private Equity Opportunities & Commitments Fund
- **DATE OF NAME CHANGE:** 20221214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Barings Access Pine Point Fund
- **DATE OF NAME CHANGE:** 20220923

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MassMutual Access Pine Point Fund
- **DATE OF NAME CHANGE:** 20211123

## Nport-Ex

**Cascade Private Capital Fund**

**Consolidated Schedule of Investments**

**As of June 30, 2025 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| **Primary Fund Investments — 27.6%** |  |  | | | |
| Bertram Growth Capital IV-A, L.P. | 1/7/2022 | North America |  | $4443432 | $7157129<sup>1,2</sup> |
| BlackRock Secondaries & Liquidity Solutions II (Lux) SCSp | 12/27/2024 | North America |  | 25000000 | 31628538<sup>1,2</sup> |
| BPOC Fund VI-A, L.P. | 6/6/2025 | North America |  | 6073055 | 7122518<sup>1,2</sup> |
| Dawson Portfolio Finance Evergreen LP | 5/28/2024 | North America | 68333 | 70000000 | 79403727<sup>1,2</sup> |
| DFJ Growth V, L.P. | 11/27/2024 | North America |  | 1550000 | 2009145<sup>1,2</sup> |
| Glouston Private Equity Opportunities VII FTE, L.P. | 4/15/2024 | North America |  | 21505000 | 25741187<sup>1,2</sup> |
| Gryphon Partners VI-A, L.P. | 1/7/2022 | North America |  | 6623215 | 6612127<sup>1,2</sup> |
| Haveli Investments Software Fund I Cayman, L.P. | 4/28/2025 | North America |  | 8066984 | 8455912<sup>1,2</sup> |
| Headlands Capital Offshore IV, LP | 4/18/2024 | North America |  | 23380515 | 37574741<sup>1,2</sup> |
| ICG LP Secondaries Fund I (Feeder) SCSp | 4/12/2024 | North America |  | 4323355 | 5473543<sup>1,2</sup> |
| JFL Equity Investors VI, L.P. | 11/13/2024 | North America |  | 6869176 | 8438268<sup>1,2</sup> |
| Juxtapose Ventures III, L.P. | 12/3/2024 | North America |  | 398230 | 192528<sup>1,2</sup> |
| Kohlberg Investors X, LP | 9/27/2024 | North America |  | 1681549 | 1908713<sup>1,2</sup> |
| Levine Leichtman Capital Partners VII, L.P. | 12/11/2024 | North America |  | 501047 | 488056<sup>1,2</sup> |
| Liquid 2 Winners Fund I, L.P. | 2/3/2025 | North America |  | 2375000 | 2688128<sup>1,2</sup> |
| MCP Opportunity Secondary Program VI (USD) Feeder SCSp | 5/14/2025 | North America |  | 672374 | 927178<sup>1,2</sup> |
| NewView Capital Special Opportunities Fund III, L.P. | 6/12/2024 | North America |  | 21983467 | 28269635<sup>1,2</sup> |
| OceanSound Partners Fund, LP | 1/7/2022 | North America |  | 6247764 | 10226601<sup>1,2</sup> |
| Overbay Capital Partners 2024 Fund US LP | 12/30/2024 | North America |  | 9000000 | 11490684<sup>1,2</sup> |
| Pathway Select Fund, LP - 2025 | 3/26/2025 | North America |  | 124009562 | 129163071<sup>1,2</sup> |
| Pathway Select Fund, LP - Series A | 3/28/2024 | North America |  | 434606974 | 488329277<sup>1,2</sup> |
| Sage Equity Investors Side, L.P. | N/A | North America |  |  | 427674<sup>1,2</sup> |
| SAS Vehicle, L.P. | 12/30/2024 | North America |  | 15388559 | 18394761<sup>1,2</sup> |
| SPDW Partners LP | 2/5/2025 | North America |  | 6594539 | 9384528<sup>1,2</sup> |
| TA XV-B, L.P. | 2/10/2025 | North America |  | 240000 | 223022<sup>1,2</sup> |
| TPG GP Solutions (B), L.P. | 10/28/2024 | North America |  | 6580823 | 7357298<sup>1,2</sup> |
|  |  |  |  | **808114620** | **929087989** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| **Secondary Fund Investments — 43.5%** |  |  |  |  |  |
| A&M Capital Partners, LP | 9/30/2024 | North America |  | $1351961 | $1738545<sup>1,2</sup> |
| ABRY Senior Equity IV, L.P. | 9/30/2024 | North America |  | 363401 | 470834<sup>1,2</sup> |
| ACON Equity Partners 3.5, L.P. | 10/1/2024 | North America |  | 2683411 | 3059884<sup>1,2</sup> |
| AE Industrial Partners Extended Value Fund, LP | 1/7/2022 | North America |  | 811551 | 406253<sup>1,2</sup> |
| APH Extended Value Fund H, L.P. | 1/30/2025 | North America |  | 34829223 | 40269151<sup>1,2</sup> |
| Apse Capital II, L.P. | 10/28/2024 | Europe |  | 42822646 | 60380890<sup>1,2,5</sup> |
| Atlas Capital Resources II LP | 9/30/2024 | North America |  | 3564073 | 8276956<sup>1,2</sup> |
| Avenir Growth Partners II, L.P. | 6/30/2025 | North America |  | 4728785 | 7472804<sup>1,2</sup> |
| Avenir Growth Partners III, L.P. | 6/30/2025 | North America |  | 8026029 | 10608493<sup>1,2</sup> |
| Avenir Growth Partners IV, L.P. | 6/30/2025 | North America |  | 19507527 | 29223312<sup>1,2</sup> |
| Avenir Growth Partners V, L.P. | 6/30/2025 | North America |  | 5059243 | 6042163<sup>1,2</sup> |
| Banneker CV, L.P. | 1/21/2025 | North America |  | 13255249 | 17349695<sup>1,2</sup> |
| BC Partners Galileo (1) L.P. - Class 1 | 1/7/2022 | Europe |  | 3746626 | 5246061<sup>1,2,5</sup> |
| BC Partners Galileo (1) L.P. - Class 2 | 1/7/2022 | Europe |  | 181195 | 262571<sup>1,2,5</sup> |
| Beecken Petty O'Keefe Fund IV, L.P. | 9/30/2024 | North America |  | 103835 | 202621<sup>1,2</sup> |
| Blue Sea Capital Fund I LP | 9/30/2024 | Europe |  | 210718 | 446007<sup>1,2</sup> |
| Blue Wolf Capital Fund III, L.P. | 9/30/2024 | North America |  | 8322403 | 11034039<sup>1,2</sup> |
| CapStreet IV, L.P. | 9/30/2024 | North America |  | 4467318 | 3995838<sup>1,2</sup> |
| Carousel Capital Apex Rollover Partners, L.P. | 9/30/2024 | North America |  | 1491967 | 2064569<sup>1,2</sup> |
| Carousel Capital Partners IV, L.P. | 9/30/2024 | North America |  | 1742085 | 2264912<sup>1,2</sup> |
| Carrick Capital Partners, L.P. | 9/30/2024 | North America |  | 1960094 | 2341638<sup>1,2</sup> |
| Catterton Growth Partners II, L.P. | 9/30/2024 | North America |  | 13952005 | 16258986<sup>1,2</sup> |
| Centre Capital Investors VI, L.P. | 9/30/2024 | North America |  | 4491561 | 6279282<sup>1,2</sup> |
| Centre Lane Partners III, L.P. | 9/30/2024 | North America |  | 17107412 | 20048712<sup>1,2</sup> |
| Churchill Secondary Partners II (Blocker), LLC | 6/26/2025 | North America |  | 29943586 | 33863653<sup>1,2</sup> |
| CPF Midway Fund-A, L.P. | 3/19/2025 | North America |  | 14450950 | 18249370<sup>1,2</sup> |
| DFJ Growth 2006 Continuation, L.P. | 11/1/2024 | North America |  | 22418653 | 40048953<sup>1,2</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| EDG Partners Fund II, L.P. | 9/30/2024 | North America |  | $632105 | $867983<sup>1,2</sup> |
| Edgewater Capital Partners III LP | 9/30/2024 | North America |  | 2488995 | 542450<sup>1,2</sup> |
| Envoy BDMI SPV LLC | 6/3/2025 | North America |  | 12089737 | 12312757<sup>1,2</sup> |
| EOS VP II FP LP | 4/29/2025 | North America |  | 582629 | 1048816<sup>1,2</sup> |
| EVP II LP | 4/29/2025 | North America |  | 4661030 | 8390543<sup>1,2</sup> |
| FB HA Holdings LP | 1/7/2022 | North America |  | 5104408 | 9030803<sup>1,2</sup> |
| Founders Circle Capital Co-Invest Series, L.P. - Series 8 | 5/24/2024 | North America |  | 15000000 | 15348377<sup>1,2</sup> |
| GA Continuity Fund II, L.P. | 3/14/2025 | North America |  | 22777869 | 33196329<sup>1,2</sup> |
| Glouston Private Equity Opportunities VII(a), L.P. | 5/29/2024 | North America |  | 15867953 | 18543974<sup>1,2</sup> |
| Gores Small Capitalization Partners, L.P. | 9/30/2024 | North America |  |  | 17476<sup>1,2</sup> |
| Green Equity Investors CF IV-C, L.P. | 4/15/2025 | North America |  | 5852508 | 6194527<sup>1,2</sup> |
| Green Equity Investors CF IV-J, L.P. | 5/29/2025 | North America |  | 26380 | 26713<sup>1,2</sup> |
| Gridiron Capital Fund II, L.P. | 9/30/2024 | North America |  | 1581243 | 1622124<sup>1,2</sup> |
| Gryphon Partners 3.5, L.P. | 9/30/2024 | North America |  | 90199 | 75458<sup>1,2</sup> |
| Harvest Partners VI, L.P. | 9/30/2024 | North America |  | 1957331 | 1209676<sup>1,2</sup> |
| HCI Equity Partners IV, L.P. | 9/30/2024 | North America |  | 11278875 | 10533551<sup>1,2</sup> |
| Hellman & Friedman Capital Partners X, L.P. | 3/31/2025 | North America |  | 50638871 | 50006232<sup>1,2</sup> |
| HGC 2025, L.P. | 4/10/2025 | North America |  | 6628658 | 6992486<sup>1,2</sup> |
| Housatonic Equity Investors V, L.P. | 9/30/2024 | North America |  | 3388385 | 4862703<sup>1,2</sup> |
| HPS KP Mezz 2019 Co-Invest, L.P. | 4/1/2024 | North America |  | 42663389 | 56770968<sup>1,2</sup> |
| HPS KP SIP V Co-Investment Fund, L.P. | 4/1/2024 | North America |  | 14503288 | 20205773<sup>1,2</sup> |
| HPS Offshore Mezzanine Partners 2019, LP | 4/1/2024 | North America |  | 21355267 | 25768906<sup>1,2</sup> |
| HPS Offshore Strategic Investment Partners V, L.P. | 4/1/2024 | North America |  | 20262048 | 23453382<sup>1,2</sup> |
| ICG Ludgate Hill (Feeder) V-A Charger SCSp | 3/22/2024 | North America |  | 10368791 | 13201087<sup>1,2</sup> |
| Icon Partners V, L.P. | 1/7/2022 | North America |  | 7585523 | 10758089<sup>1,2</sup> |
| Incline Equity Partners III, L.P. | 10/1/2024 | North America |  | 12165 | 24620<sup>1,2</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| JFL-NG Continuation Fund, L.P. | 1/7/2022 | North America |  | $8020367 | $15399423<sup>1,2</sup> |
| JLL Partners Fund VIII Secondary (SV), L.P. | 2/26/2025 | Europe |  | 17561413 | 18359407<sup>1,2</sup> |
| KarpReilly Capital Partners II, L.P. | 9/30/2024 | North America |  | 7486099 | 9716767<sup>1,2</sup> |
| LGP Sage PC Coinvest LP | 11/20/2024 | North America |  | 14945120 | 20118860<sup>1,2</sup> |
| Lightspeed Ascent Fund, L.P. | 11/18/2024 | North America |  | 9100000 | 9246945<sup>1,2</sup> |
| Liquid 2 Ventures Fund II, L.P. | 12/31/2024 | North America |  | 7429552 | 13612930<sup>1,2</sup> |
| LLCP LMM Acquisition Fund L.P. | 11/20/2024 | North America |  | 7391354 | 9040038<sup>1,2</sup> |
| LLR Equity Partners IV, L.P. | 9/30/2024 | North America |  | 1022910 | 2237451<sup>1,2</sup> |
| Mainsail Partners III, L.P. | 9/30/2024 | North America |  | 5735386 | 3332233<sup>1,2</sup> |
| Marilyn Co-Invest, L.P. | 4/1/2024 | North America |  | 32439003 | 41343257<sup>1,2</sup> |
| Marlin Equity III, L.P. | 10/1/2024 | North America |  | 67226 | 73047<sup>1,2</sup> |
| Meridian Private Equity Select Co-Invest I SCSp | 3/28/2025 | North America |  | 3528302 | 3859540<sup>1,2</sup> |
| Meridian Private Equity Select Partnerships I SCSp | 3/28/2025 | North America |  | 6283019 | 7096942<sup>1,2</sup> |
| MetLife Investment Private Equity Partners II (Feeder), L.P. | 6/28/2024 | North America |  | 32924200 | 40905897<sup>1,2</sup> |
| Mezzanine Partners III, L.P. | 9/30/2024 | North America |  | 4085703 | 5643070<sup>1,2</sup> |
| Milano Co-Invest, L.P. | 4/1/2024 | North America |  | 3992810 | 3819198<sup>1,2</sup> |
| Minerva Co-Invest, L.P. | 4/1/2024 | North America |  | 8455430 | 11592223<sup>1,2</sup> |
| Montagu+ SCSp | 1/7/2022 | Europe |  | 6081104 | 13481476<sup>1,2,5</sup> |
| NEA Secondary Opportunity Fund, L.P. | 7/10/2024 | North America |  | 22779778 | 30977949<sup>1,2</sup> |
| Novacap International TMT IV, L.P. | 9/30/2024 | North America |  | 11871979 | 2499652<sup>1,2,5</sup> |
| NSH Verisma Holdco, L.P. | 1/7/2022 | North America |  | 5482834 | 10797500<sup>1,2</sup> |
| Odyssey Investment Partners Fund V, LP | 9/30/2024 | North America |  | 2255789 | 1702928<sup>1,2</sup> |
| OFS Energy Fund III (Q), L.P. | 9/30/2024 | North America |  | 783492 | 314690<sup>1,2</sup> |
| One Equity Partners VII-A, L.P. | 6/30/2025 | North America |  | 16775427 | 19754093<sup>1,2</sup> |
| One Equity Partners VIII-A, L.P. | 6/30/2025 | North America |  | 28926628 | 34280926<sup>1,2</sup> |
| Outlander I Archimedes, LP | 12/31/2024 | North America |  | 775354 | 39323<sup>1,2</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| Overbay Capital Partners 2023 Fund Aggregator (AIV V) LP | 12/23/2024 | Europe |  | $4510847 | $6565402<sup>1,2,5</sup> |
| Overbay Capital Partners 2024 Fund Aggregator (AIV VI) Glencoe Investor II LP | 5/22/2025 | North America |  | 29050000 | 39660498<sup>1,2</sup> |
| Overbay Capital Partners 2024 Fund Aggregator (AIV IV) LP | 12/30/2024 | North America |  | 3200000 | 4759764<sup>1,2</sup> |
| Palladium Equity Partners IV, L.P. | 10/1/2024 | North America |  | 1680847 | 2302511<sup>1,2</sup> |
| ParkerGale Capital II, LP | 3/31/2025 | North America |  | 21498599 | 28071113<sup>1,2</sup> |
| Patria Acropolis LP | 12/18/2024 | Europe |  | 5896112 | 8180341<sup>1,2,5</sup> |
| PG Source Investment LLC | 3/31/2025 | North America | 5148 | 9274616 | 13008605<sup>1,2</sup> |
| Platte River Equity III, L.P. | 9/30/2024 | North America |  | 4473486 | 6746393<sup>1,2</sup> |
| PMH II SPV Bellflower LP | 2/28/2025 | North America |  | 7465166 | 9759477<sup>1,2</sup> |
| Pontifax Global Food and Agriculture Technology Fund L.P. | 12/31/2024 | North America |  | 1929735 | 2541243<sup>1,2</sup> |
| Quad Partners IV, L.P. | 9/30/2024 | North America |  | 1551625 | 1030312<sup>1,2</sup> |
| Riverside Fund V SQ-A, L.P. | 9/30/2024 | North America |  | 4135976 | 5278202<sup>1,2</sup> |
| RoundTable Healthcare Partners III, L.P. | 9/30/2024 | North America |  | 14167561 | 19610674<sup>1,2</sup> |
| RSK Topco, LP | 3/17/2025 | North America | 17046765 | 18000000 | 22968999<sup>1,4</sup> |
| Shamrock Capital Growth Fund III, L.P. | 9/30/2024 | North America |  | 2689014 | 3343130<sup>1,2</sup> |
| ShoreView Capital Partners III, LP. | 9/30/2024 | North America |  | 12727722 | 14756155<sup>1,2</sup> |
| Siris Partners II, L.P. | 9/30/2024 | North America |  | 396854 | 93962<sup>1,2</sup> |
| SK Capital Partners III, L.P. | 9/30/2024 | North America |  | 6362271 | 4895857<sup>1,2</sup> |
| SkyKnight Capital II CV B, L.P. | 10/30/2024 | North America |  | 14369068 | 17081906<sup>1,2</sup> |
| SPC Partners V, L.P. | 9/30/2024 | North America |  | 2588770 | 3017002<sup>1,2</sup> |
| Stork SPV, LP | 1/7/2022 | North America |  | 3510935 | 6906449<sup>1,2</sup> |
| TA XIV-A, L.P. | 3/31/2025 | North America |  | 77695429 | 87837605<sup>1,2</sup> |
| The Veritas Capital Fund VIII, L.P. | 3/31/2025 | North America |  | 75166666 | 79741807<sup>1,2</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| Trinity Hunt Partners IV, L.P. | 9/30/2024 | North America |  | $5059277 | $4836888<sup>1,2</sup> |
| Trinity Ventures 2024, L.P. | 12/20/2024 | North America |  | 18376392 | 24870125<sup>1,2</sup> |
| Trive Capital Fund I LP | 9/30/2024 | North America |  | 1234135 | 1331809<sup>1,2</sup> |
| TriWest Capital Partners IV (US) LP | 9/30/2024 | North America |  | 2501144 | 2759146<sup>1,2,5</sup> |
| TSCP CV I, L.P. | 1/7/2022 | North America |  | 4818241 | 5572348<sup>1,2</sup> |
| TSCP CV II, L.P. | 9/6/2024 | North America |  | 15250990 | 18086903<sup>1,2</sup> |
| Vida Ventures II, LLC | 12/31/2024 | North America |  | 767291 | 4098934<sup>1,2</sup> |
| Vida Ventures LLC | 12/31/2024 | North America |  | 1480182 | 1339117<sup>1,2</sup> |
| VMG Partners II, L.P. | 9/30/2024 | North America |  | 9771 | 3657<sup>1,2</sup> |
| VV Atreus Special Fund LLC | 12/31/2024 | North America |  | 557697 | 982274<sup>1,2</sup> |
| Water Street Healthcare Partners III, L.P. | 9/30/2024 | North America |  | 5448661 | 5532065<sup>1,2</sup> |
| Windjammer Senior Equity Fund IV, L.P. | 9/30/2024 | North America |  | 2984612 | 2753220<sup>1,2</sup> |
|  |  |  |  | **1186021125** | **1468481653** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| **Equity Co-Investments — 21.7%** |  |  |  |  |  |
| 26N Onelife Co-Investment Partners-A LP | 10/10/2024 | North America |  | $10000000 | $10116564<sup>1,2</sup> |
| A2 Biotherapeutics - Series C Preferred | 12/30/2024 | North America | 6756757 | 5000000 | 5000000<sup>1,4</sup> |
| AH Parent Inc (Alliant Inc) – Class A Preferred | 9/26/2024 | North America | 15000 | 14775000 | 14508652<sup>1,4</sup> |
| Alliant, Inc. - Class A-1 Common | 12/12/2024 | North America | 2000000 | 10000000 | 10133584<sup>1,4</sup> |
| Avathon Oculus IT Co-Investor, LLC | 4/21/2025 | North America | 27000 | 27000000 | 28800213<sup>1,2</sup> |
| BayHawk Fund I Aeroplane SPV, LLC | 12/20/2024 | North America |  | 7131022 | 7430219<sup>1,2</sup> |
| BPCP NSA Holdings, Inc. - Common | 5/15/2024 | North America | 3000 | 3000000 | 4144472<sup>1,4</sup> |
| BPCP NSA Holdings, Inc. - Preferred | 5/15/2024 | North America | 6000 | 9000000 | 9000000<sup>1,4</sup> |
| BSP-TS, Co-Invest I, LLC | 1/7/2022 | North America |  | 5158691 | 555592<sup>1,2</sup> |
| Circle Pharma, Inc. - Series D | 8/29/2024 | North America | 15931176 | 9999998 | 10000000<sup>1,4</sup> |
| Earned Growth Investors I LP | 12/3/2024 | North America |  | 12625000 | 13791577<sup>1,2</sup> |
| EPP Holdings, LLC | 1/7/2022 | North America | 260000 | 2605817 | 4185261<sup>1,4</sup> |
| Fairview Applied 2025, L.P. | 6/5/2025 | North America |  | 7583333 | 7656572<sup>1,4</sup> |
| Founders Circle Capital Co-Invest Series, L.P. - Series 10 | 3/14/2025 | North America |  | 20000000 | 31487237<sup>1,2</sup> |
| Franklin Ventures Investments, L.P. - Opportunities Fund Series VI | 4/17/2025 | North America |  | 10000000 | 10675782<sup>1,2</sup> |
| Gallant Screening Holdco, Inc. | 1/7/2022 | North America |  | 4645007 | 6302313<sup>1,2</sup> |
| Haveli Aston Co-Invest, L.P. | 5/28/2025 | North America |  | 15058594 | 15346199<sup>1,2</sup> |
| Health Velocity Capital IVX Special Situation Fund, L.P. | 5/22/2024 | North America |  | 13575000 | 16251605<sup>1,2</sup> |
| HiBid Aggregator, LP | 9/25/2024 | North America | 10000 | 10000000 | 10842274<sup>1,4</sup> |
| Insight Hideaway Aggregator, L.P. | 4/3/2024 | North America |  | 10400000 | 14635907<sup>1,2</sup> |
| JFL-Tiger Co-Invest Partners, L.P. | 7/31/2024 | North America |  | 8122426 | 14471504<sup>1,2</sup> |
| Khosla Ventures OAI, LLC | 10/1/2024 | North America |  | 15000000 | 25386183<sup>1,4</sup> |
| Liberty Hall Capital Paxia Partners, L.P. | 6/26/2025 | North America |  | 15000000 | 15031320<sup>1,4</sup> |
| MCP Co-Investment Fund V Coöperatief U.A. | 5/9/2025 | Europe |  | 7476426 | 8137841<sup>1,2,5</sup> |
| Menlo Ridgeview Co-Invest LLC | 5/16/2025 | North America |  | 50055709 | 51041089<sup>1,2</sup> |
| NEA CH SPV, L.P. | 5/9/2024 | North America |  | 10005985 | 10461313<sup>1,2</sup> |
| NEA PLA 2025 SPV, L.P. | 4/3/2025 | North America |  | 10000000 | 10414300<sup>1,2</sup> |
| NEA TS 2024 SPV, L.P. | 7/22/2024 | North America |  | 4013290 | 4901539<sup>1,2</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Shares/ Units** | **Cost** | **Fair Value** |
| Nefco Acquisitions, Inc. - Series A1 | 8/5/2022 | North America | 2658 | $2663520 | $2658293<sup>1,4</sup> |
| Nefco Acquisitions, Inc. - Series B1 | 3/31/2023 | North America | 80 | 90065 | 89776<sup>1,4</sup> |
| Nefco Acquisitions, Inc. - Series C1 | 10/12/2023 | North America | 177 | 233761 | 233761<sup>1,4</sup> |
| Nefco Acquisitions, Inc. - Series D1 | 10/31/2024 | North America | 289 | 410317 | 410317<sup>1,4</sup> |
| Nefco Acquisitions, Inc. - Series E1 | 12/19/2024 | North America | 75 | 107853 | 107853<sup>1,4</sup> |
| NGM Bio Holdings, Inc. - Series A | 7/5/2024 | North America | 5000000 | 15000000 | 15000000<sup>1,4</sup> |
| NoHo Holdings III LLC | 12/3/2024 | North America |  | 431416 | 39240<sup>1,2</sup> |
| North American Essential Services Aggregator, LP | 1/7/2022 | North America | 2684 | 4219307 | 4445727<sup>1,4</sup> |
| Novacap DI Co-Investment (All West), L.P. | 10/3/2024 | North America |  | 4832727 | 5487583<sup>1,2</sup> |
| Novacap International TMT VI Co-Investment (NDT), L.P. | 5/29/2025 | North America |  | 13441558 | 13730059<sup>1,2</sup> |
| OceanSound Partners Co-Invest II, LP - Series D | 1/7/2022 | North America |  | 4097670 | 4854566<sup>1,2</sup> |
| Odyssey Investment Partners VI Mercalis Co-Invest, LP | 6/9/2025 | North America |  | 20081667 | 20348096<sup>1,2</sup> |
| OEP VIII Project Laser Co-Investment Partners, L.P. | 3/17/2023 | North America |  | 2560062 | 4598677<sup>1,2</sup> |
| Paxia Holdings LP | 6/26/2025 | North America | 100 | 10000000 | 10000000<sup>1,4</sup> |
| PSC Tiger LP | 9/4/2024 | Europe |  | 10500712 | 13239421<sup>1,2,5</sup> |
| RCAF DAWGS, L.P. | 3/26/2025 | North America |  | 15000000 | 15693469<sup>1,2</sup> |
| RCR Equity, LP - Class A Common | 4/30/2024 | North America | 56000 | 56000 | 541796<sup>1,4</sup> |
| RCR Equity, LP - Class A Preferred, 8.00% PIK | 4/30/2024 | North America | 5544000 | 5544000 | 5544000<sup>1,4,6</sup> |
| Retym, Inc. - Series D | 1/29/2025 | North America | 472277 | 4999996 | 4999997<sup>1,4</sup> |
| SAS Vehicle I, L.P. | 12/30/2024 | North America |  | 30190794 | 34593647<sup>1,2</sup> |
| Schulerhilfe Co-Invest, L.P. | 5/13/2025 | Europe | 100000 | 10319818 | 10531317<sup>1,2</sup> |
| Smash Capital Trend Holdco SPV LP | 8/12/2024 | North America |  | 20348667 | 28376339<sup>1,2</sup> |
| Sprinkler 2024 Co-Investment I (Feeder) SCSp | 3/10/2025 | Europe |  | 32513566 | 36228288<sup>1,2,5</sup> |
| TCV Beat Co, L.P. | 9/27/2024 | Europe |  | 5045751 | 5007667<sup>1,2</sup> |
| TCV Juniper Co, L.P. | 5/19/2025 | North America |  | 5046906 | 5131160<sup>1,2</sup> |
| Tinicum Space Coast Co-Invest, LLC | 10/29/2024 | North America |  | 30000000 | 30845962<sup>1,2</sup> |
| TSS Co-Invest Holdings, LP | 9/9/2022 | North America |  | 5010222 | 8369977<sup>1,2</sup> |
| T-X Ultra Co-Invest LP | 6/27/2025 | North America |  | 25116667 | 25218541<sup>1,2</sup> |
| VCF Compass Co-Investor Holdings II L.P. | 3/19/2025 | North America |  | 1317088 | 1434441<sup>1,2</sup> |
| VCF Compass Co-Investor Holdings L.P. | 4/25/2024 | North America |  | 10000000 | 12484207<sup>1,2</sup> |
| Violet Investors LP | 9/12/2024 | North America |  | 20042621 | 34602251<sup>1,2</sup> |
| Vitu Co-Invest LP | 1/8/2025 | North America |  | 5250000 | 5642644<sup>1,2</sup> |
|  |  |  |  | **641704029** | **731198184** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company** | **Initial<br> Acquisition<br> Date** | **Geographic Region** | **Principal<br> Amount** | **Cost** | **Fair Value** |
| **Credit Co-Investments — 2.5%** |  |  | | | |
| CCOF III Nexus Co-Invest Aggregator, L.P. | 3/22/2024 | Europe |  | $4901836 | $5783261<sup>1,2</sup> |
| Chrome Investors, LP | 2/10/2025 | North America |  | 24006787 | 25337545<sup>1,2</sup> |
| Cheval Blanc Co-Invest, L.P. | 2/25/2025 | North America |  | 14626210 | 15498156<sup>1,2</sup> |
| CP ACP, LLC | 6/12/2024 | North America | 3336 | 3244260 | 3336000<sup>1,4</sup> |
| Gramercy PG Holdings II LP | 8/20/2024 | Europe |  | 9500000 | 10572685<sup>1,2</sup> |
| Evergreen Services Group PIK Holdco, LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Term Loan, USD 13.75%, 4/7/2031 | 4/5/2024 | North America | 7311112 | 7256983 | 7233762<sup>1,4,6</sup> |
| &nbsp;&nbsp;&nbsp;Delayed Draw, USD 13.75%, 4/7/2031 | 4/5/2024 | North America | 4014709 | 3984262 | 4012342<sup>1,4,6</sup> |
| Nader Upside 2 Sarl, EUR PIK Term Loan, 3 mo. EURIBOR+10.25%, 12.61% EUR, 3/13/28 | 3/14/2024 | Europe | 5377209 | 5790506 | 6235941<sup>1,3,4,5,6</sup> |
| Symbiotic Capital EB Fund, L.P. | 3/7/2024 | North America |  | 5061912 | 5616480<sup>1,2</sup> |
|  |  |  |  | **78372756** | **83626172** |
| **Registered Funds — 3.0%** |  |  | **Shares/ Units** |  |  |
| Cliffwater Corporate Lending Fund - Class I |  |  | 9416196 | 100000000 | 101883239<sup>1,7</sup> |
|  |  |  |  | **100000000** | **101883239** |
| **Short-Term Investments — 10.5%** |  |  |  |  |  |
| State Street Institutional U.S. Government Money Market Fund, 4.27% |  |  | 354367645 | **354367645** | **354367645**<sup>1,8</sup> |
| **Total Short-Term Investments** |  |  |  | **354367645** | **354367645** |
| **Total Investments — 108.8%** |  |  |  | **3168580175** | **3668644882** |
| Liabilities Less Other Assets — (8.8)% |  |  |  |  | (296401389) |
| **Net Assets — 100.0%** |  |  |  |  | $**3372243493** |

---

EUR – Euro

EURIBOR – Euro Interbank Offered Rate

USD – United States Dollar

LLC – Limited Liability Company

LP – Limited Partnership

US – United States

<sup>1</sup> As of June 30, 2025 all or a portion of the security has been pledged as collateral for a secured revolving facility. The market value of the securities in the pledged account totaled $3,668,644,882 as of June 30, 2025. See Note 2, subsection Borrowing, Use of Leverage of the Notes to Consolidated Schedule of Investments for additional information.

<sup>2</sup> Investment valued using net asset value per share as practical expedient.

<sup>3</sup> Floating rate security. Rate shown is the rate effective as of period end.

<sup>4</sup> Value was determined using significant unobservable inputs.

<sup>5</sup> Foreign securities entered into in foreign currencies are converted to U.S. Dollars using period end spot rates.

<sup>6</sup> Principal includes accumulated payment in kind ("PIK") interest and is net of repayments, if any.

<sup>7</sup> Affiliated security. See Note 4.

<sup>8</sup> The rate is the annualized seven-day yield at period end.

See accompanying Notes to Consolidated Schedule of Investments

---

| |
|:---|
| <br> **Cascade Private Capital Fund** |
| Notes to Consolidated Schedule of Investments<br> June 30, 2025 (Unaudited) |

---

**1. Organization**

Cascade Private Capital Fund (the "Fund") is registered under the Investment Company Act of 1940, as amended (the "Investment Company Act"), as a non-diversified, closed-end management investment company. The Fund is organized under the laws of the State of Delaware as a Delaware statutory trust pursuant to a Fourth Amended and Restated Certificate of Trust dated as of February 27, 2024, as it may be further amended from time to time. The Fund commenced operations on January 7, 2022. The Fund operates as an interval fund pursuant to Rule 23c-3 of the Investment Company Act of 1940, as amended (the "Investment Company Act"). Cliffwater LLC ("Cliffwater" or the "Investment Manager") serves as the investment adviser to the Fund. The Investment Manager is an investment adviser registered with the Securities and Exchange Commission (the "SEC") under the Investment Advisers Act of 1940, as amended.

The Fund currently offers one class of Shares, Class I Shares, on a continuous basis at the net asset value ("NAV") per share. Class I Shares were formerly named Class 1 Shares. The minimum initial investment in the Fund is $25,000,000 for the Class I Shares. Investors purchasing Class I Shares are not charged a sales load. Class 2 Shares, Class 3 Shares and Class 4 Shares are no longer offered.

The Fund's investment objective is to generate long-term capital appreciation by investing in a portfolio of private equity, private debt, as well as structured equity securities that have both equity and credit qualities, investments in real assets, including real estate, and any newer instruments such as collateralized fund obligations (together, "Private Capital") that provide attractive risk-adjusted return potential. Private Capital investments are investments into the equity and/or debt of private companies. The Fund will seek to achieve its objective through exposure to a broad set of managers, strategies and transaction types across multiple sectors, geographies and vintage years (the first year in which a fund receives capital from investors or starts making investments). Under normal market conditions the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in assets representing investments in Private Capital. Unfunded commitments are not counted for purposes of calculating the Fund's 80% policy. This test is applied at the time of investment; later percentage changes caused by a change in the value of the Fund's assets, including as a result of the issuance or repurchase of Shares, will not require the Fund to dispose of an investment. The Fund expects that most of its debt investments will not be rated by any rating agency, will not be registered with the SEC or any state or foreign securities commission and will not be listed on any national securities exchange.

**Consolidation of Subsidiaries**

On January 7, 2022, Massachusetts Mutual Life Insurance Company ("MassMutual") performed an in-kind purchase transaction whereby it contributed the assets and liabilities of MassMutual Private Equity Funds LLC ("MMPEF") and its subsidiary, MassMutual Private Equity Funds Subsidiary LLC ("MMPEF Subsidiary") to the Fund in exchange for Shares of the Fund. Each subsidiary was formed as a limited liability company, and it is a wholly owned subsidiary of the Fund. The Consolidated Schedule of Investments of the Fund includes the accounts of each subsidiary. All inter-company accounts and transactions have been eliminated in the consolidation for the Fund.

A list of the subsidiaries that hold assets is as follows as of June 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
| **Subsidiary** | **Date of <br> Formation** | **Net Assets of<br> Subsidiary** | **Percentage of <br> Fund's Total <br> Net Assets** |
| MassMutual Private Equity Funds LLC ("MMPEF") | January 7, 2022 | $140187868 | 4.16% |
| MassMutual Private Equity Funds Subsidiary LLC ("MMPEF Subsidiary") | January 7, 2022 | 11843787 | 0.35% |
| CPCF Holdings (D1) LLC ("CPCF HLD1") | April 1, 2024 | 1260603835 | 37.38% |
| CPCF Splitter LLC ("CPCF Splitter") | June 11, 2024 | 1484833433 | 44.03% |
| CPCF Blocker LLC ("CPCF Blocker") | June 11, 2024 | 144569684 | 4.29% |
| CPCF Holdings (D3) LLC ("CPCF HLD3") | October 29, 2024 | 30634895 | 0.91% |

---

**2. Significant Accounting Policies**

**Basis of Preparation and Use of Estimates**

The Fund is an investment company and follows the accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946, *Financial Services — Investment Companies*. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The preparation of the financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from these estimates.

**Federal Income Taxes**

The Fund intends to continue to qualify as a "regulated investment company" under Subchapter M of the Internal Revenue Code of 1986, as amended. As so qualified, the Fund will not be subject to federal income tax to the extent it distributes substantially all of its net investment income and capital gains to shareholders. Therefore, no federal income tax provision is required. Management of the Fund is required to determine whether a tax position taken by the Fund is more likely than not to be sustained upon examination by the applicable taxing authority, based on the technical merits of the position. Based on its analysis, there were no tax positions identified by management of the Fund that did not meet the "more likely than not" standard as of June 30, 2025.

CPCF HLD1 and MMPEF are disregarded entities for income tax purposes. MMPEF Subsidiary, CPCF HLD3 and CPCF Blocker are limited liability companies that have elected to be taxed as corporations and are therefore obligated to pay federal and state income tax on their taxable income. CPCF Splitter is a limited liability company that is treated as a partnership for income tax purposes. CPCF Splitter is owned by CPCF Blocker and CPCF HLD1. Currently, the federal income tax rate for a corporation is 21%. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is recognized if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized.

**Foreign Currency Translation**

The Fund's records are maintained in U.S. dollars. The value of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the reporting period. The currencies are translated into U.S. dollars by using the exchange rates quoted at the close of the London Stock Exchange prior to when the Fund's NAV is next determined. Purchases and sales of investment securities, income and expenses are translated on the respective dates of such transactions.

The Fund does not isolate that portion of its net realized and unrealized gains and losses on investments resulting from changes in foreign exchange rates from the impact arising from changes in market prices. Such fluctuations are included with net realized and unrealized gain or loss from investments and foreign currency.

Net realized foreign currency transaction gains and losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the differences between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency translation gains and losses arise from changes in the value of assets and liabilities, other than investments in securities, resulting from changes in the exchange rates.

**Participations and Assignments**

The Fund may acquire interests in loans either directly (by way of original issuance, sale or assignment) or indirectly (by way of participation). The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, its rights can be more restricted than those of the assigning institution. Participation interests in a portion of a debt obligation typically result in a contractual relationship only with the institution participating in the interest, not with the borrower. In purchasing participations, the Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of set-off against the borrower, and the Fund may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, the Fund will assume the credit risk of both the borrower and the institution selling the participation.

**Commitments and Contingencies**

Commercial loans purchased by the Fund (whether through participations or as a lender of record) may be structured to include both term loans, which are generally fully funded at the time of investment, and unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments may include revolving credit facilities and delayed draw term loans, which may obligate the Fund to supply additional cash to the borrower on demand, representing a potential financial obligation by the Fund in the future. The Fund may receive a commitment fee based on the undrawn portion of such unfunded loan commitments. The commitment fee is typically set as a percentage of the commitment amount. On December 31, 2024, the Fund entered into a purchase agreement to purchase Series C Preferred Stock of A2 Biotherapeutics, Inc. The first tranche of the purchase closed on December 30, 2024 and the second tranche was expected to close on September 2, 2025. As of June 30, 2025 the Fund had a commitment to purchase an additional 6,756,756 shares in the amount of $4,999,999.

**Borrowing, Use of Leverage**

On September 26, 2024, the Fund's wholly owned subsidiary, CPCF HLD1, entered into a secured revolving credit facility (the "Facility"), with JPMorgan Chase Bank N.A. (the "Lender"). The Facility, as most recently amended effective June 20, 2025, provides for borrowings on a committed basis in an aggregate principal amount up to $800,000,000, and may be increased further from time to time upon mutual agreement by the Lender and CPCF HLD1. The Facility matures on September 26, 2027 and may be extended further from time to time. In connection with the Facility, CPCF HLD1 has made certain customary representations and warranties and is required to comply with various customary covenants, reporting requirements and other requirements. The Facility contains events of default customary for similar financing transactions, including but not limited to: (i) the failure to make principal, interest or other payments when due after the applicable grace period; (ii) the insolvency or bankruptcy of CPCF HLD1 or the Fund; (iii) a change of control of CPCF HLD1; or (iv) a change of management of the Fund. Upon the occurrence and during the continuation of an event of default, the Lender may declare the outstanding advances and all other obligations under the Facility immediately due and payable.

**3. Fair Value of Investments**

**Fair value — Definition**

The Fund uses a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Valuations based on unadjusted quoted prices
in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Valuations based on inputs, other than
quoted prices included in Level 1, that are observable either directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Valuations based on inputs that are both
significant and unobservable to the overall fair value measurement.

Investments in Private Investment Funds measured based upon NAV as a practical expedient to determine fair value are not required to be categorized in the fair value hierarchy.

The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainly of valuation, estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Investment Manager in determining fair value is greatest for investments categorized in Level 3.

The Fund's assets recorded at fair value have been categorized based on a fair value hierarchy as described in the Fund's significant accounting policies. The following table presents information about the Fund's assets and liabilities measured at fair value as of June 30 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Net Asset <br> Value** | **Total** |
| Investments, at fair value |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Primary Fund Investments | $— | $— | $— | $929087989 | $929087989 |
| &nbsp;&nbsp;&nbsp;Secondary Fund Investments |  |  | 22968999 | 1445512654 | 1468481653 |
| &nbsp;&nbsp;&nbsp;Equity Co-Investments |  |  | 159919838 | 571278346 | 731198184 |
| &nbsp;&nbsp;&nbsp;Credit Co-Investments |  |  | 20818045 | 62808127 | 83626172 |
| &nbsp;&nbsp;&nbsp;Registered Funds | 101883239 |  |  |  | 101883239 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 354367645 |  |  |  | 354367645 |
| Total Assets | $456250884 | $— | $203706882 | $3008687116 | $3668644882 |

---

The following table presents the changes in assets and transfers in and out for investments that are classified in Level 3 of the fair value hierarchy for the period ended June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Secondary <br> Fund<br> Investments** | **Equity<br> Co-Investments** | **Credit<br> Co-Investments** | **Total** |
| Balance as of April 1, 2025 | $20881026 | $128865513 | $20014811 | $169761350 |
| Purchases |  | 32583334 | 182108 | 30237664 |
| Sales/Paydowns |  | (5000000) |  |  |
| Realized gains (losses) |  |  |  |  |
| Original issue discount and amendment fees |  |  |  | (2472222) |
| Accretion |  |  | 28877 | 28877 |
| Change in Unrealized appreciation (depreciation) | 2087973 | 3470991 | 592249 | 6151213 |
| Transfers In<sup>1</sup> |  |  |  |  |
| Transfers Out<sup>2</sup> |  |  |  |  |
| Balance as of June 30, 2025 | $**22968999** | $**159919838** | $**20818045** | $**203706882** |
| Net change in unrealized appreciation/(depreciation) attributable to Level 3 investments held at June 30, 2025 | $2087973 | $11218022 | $592249 | $13898244 |

---

 

<sup>1</sup> Transferred from Level 2 to Level 3 because observable market data became unavailable for the investments.

<sup>2</sup> Transferred from Level 3 to Level 2 because observable market data became available for the investments.

**4. Related Party Transactions and Arrangements**

Transactions related to investments in affiliated companies, as defined by the Investment Company Act, by virtue of the Fund owning at least 5% of the voting securities of the issuer or any other investment which is advised by or sponsored by the Investment Manager. For the period ended June 30, 2025 were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Affiliated Investment <br> Company** | **Beginning<br> Value at <br> April 1, <br> 2025** | **Purchases <br> at Cost** | **Change in <br> Unrealized <br> Gain<br> (Loss)** | **Value at <br> June 30, <br> 2025** | **Dividend <br> Income** |
| Cliffwater Corporate Lending Fund | $102165725 | $– $– $– $| (282486) | $101883239 | $2551789 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Cascade Private Capital Fund

- **b. Investment Company Act file number:** 811-23700

- **c. CIK number of Registrant:** 0001864609

- **d. LEI of Registrant:** 549300SV87BPH0O11881

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Cascade Private Capital Fund

- **c. LEI of Series:** 549300SV87BPH0O11881

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $3738082117.09

**Total Liabilities:** $372909137.90

**Net Assets:** $3365172979.19

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.38%                | 3.45%                | 3.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1138343.64             | $31394799.01                               |
| Month 2  | $291664.72               | $87575570.86                               |
| Month 3  | $23616.62                | $99861822.99                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SK CAPITAL PARTNERS III   /                   | SK CAPITAL PARTNERS III   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4895857.48   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| SKYKNIGHT CAPITAL II CV B LP   /              | SKYKNIGHT CAPITAL II CV B LP   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $17081906.39  | 0.51%             |  |  |  | No            | N/A                | On Loan: No      |
| SPDW PARTNERS LP    /                         | SPDW PARTNERS LP    /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9384527.75   | 0.28%             |  |  |  | No            | N/A                | On Loan: No      |
| Sprinkler 2024 Co Investment l Feeder   /     | Sprinkler 2024 Co Investment l Feeder   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $36228287.65  | 1.08%             |  |  |  | No            | N/A                | On Loan: No      |
| SWANDER PACE CAPITAL V   /                    | SWANDER PACE CAPITAL V   /                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3017001.66   | 0.09%             |  |  |  | No            | N/A                | On Loan: No      |
| TA XIV-A L.P.    /                            | TA XIV-A L.P.    /                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $87837604.84  | 2.61%             |  |  |  | No            | N/A                | On Loan: No      |
| TAX VX-B LP    /                              | TAX VX-B LP    /                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $223022.39    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| TCV BEAT CO LP    /                           | TCV BEAT CO LP    /                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5007667.00   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| TCV Juniper Co, L.P.    /                     | TCV Juniper Co, L.P.    /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5131159.51   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| TINICUM SPACE COAST CO-INVEST   /             | TINICUM SPACE COAST CO-INVEST   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $30845962.39  | 0.92%             |  |  |  | No            | N/A                | On Loan: No      |
| TPG GP SOLUTIONS B LP   /                     | TPG GP SOLUTIONS B LP   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7357297.66   | 0.22%             |  |  |  | No            | N/A                | On Loan: No      |
| TRINTY HUNT PARTNERS IV   /                   | TRINTY HUNT PARTNERS IV   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4836888.00   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| TRINITY VENTURES 2024 LP   /                  | TRINITY VENTURES 2024 LP   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $24870124.77  | 0.74%             |  |  |  | No            | N/A                | On Loan: No      |
| TRIVE CAPITAL FUND I    /                     | TRIVE CAPITAL FUND I    /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1331808.74   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| TRIWEST CAPITAL PARTNERS IV   /               | TRIWEST CAPITAL PARTNERS IV   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $2759146.27   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| T-X ULTRA CO-INVEST LP   /                    | T-X ULTRA CO-INVEST LP   /                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $25218541.18  | 0.75%             |  |  |  | No            | N/A                | On Loan: No      |
| VCF COMPASS CO INVES TOR HOLDINGS II LP   /   | VCF COMPASS CO INVES TOR HOLDINGS II LP   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1434441.00   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| The Veritas Capital Vlll, L.P.   /            | The Veritas Capital Vlll, L.P.   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $79741806.99  | 2.37%             |  |  |  | No            | N/A                | On Loan: No      |
| VIDA VENTURES LLC    /                        | VIDA VENTURES LLC    /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |        10 | OU      | $1339116.92   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| ICG LP SECONDARIES (FEEDER) SCSP   /          | ICG LP SECONDARIES (FEEDER) SCSP   /                         | CUSIP: 954AWZII4<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5473543.46   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| GLOUSTON PE OPPTY VII FTE FT L.P.   /         | GLOUSTON PE OPPTY VII FTE FT L.P.   /                        | CUSIP: 954BKBII8<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $25741187.00  | 0.76%             |  |  |  | No            | N/A                | On Loan: No      |
| HEADLANDS CAPITAL OFFSHORE IV L.P.   /        | HEADLANDS CAPITAL OFFSHORE IV L.P.   /                       | CUSIP: 954BZR906<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $37574741.00  | 1.12%             |  |  |  | No            | N/A                | On Loan: No      |
| VERITAS CAPITAL FUND VIII L.P.   /            | VERITAS CAPITAL FUND VIII L.P.   /                           | CUSIP: 954CJT908<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $12484207.20  | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| RCR EQUITY, LP CLASS A COMMON UNITS   /       | RCR EQUITY, LP CLASS A COMMON UNITS   /                      | CUSIP: 954CMN907<br>LEI: N/A                  | Long             |  | PF                | US        |     56000 | OU      | $541796.25    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| RCR EQUITY, LP CLASS A PREFERRED UNITS   /    | RCR EQUITY, LP CLASS A PREFERRED UNITS   /                   | CUSIP: 954CMNII8<br>LEI: N/A                  | Long             |  | PF                | US        |   5544000 | OU      | $6078025.80   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| NEA CH SPV L.P.    /                          | NEA CH SPV L.P.    /                                         | CUSIP: 954DTC001<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10461312.54  | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| BPCP NSA HOLDINGS INC L.P.   /                | BPCP NSA HOLDINGS INC L.P.   /                               | CUSIP: 954EDP007<br>LEI: N/A                  | Long             |  | PF                | US        |      3000 | OU      | $4144471.71   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| HEALTH VELOCITY CAP IVX SPECIAL SIT FND   /   | HEALTH VELOCITY CAP IVX SPECIAL SIT FND   /                  | CUSIP: 954FKFII0<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $16251604.63  | 0.48%             |  |  |  | No            | N/A                | On Loan: No      |
| FOUNDERS CIRCLE CAP CO SERIS LP SERIES 8   /  | FOUNDERS CIRCLE CAP CO SERIS LP SERIES 8   /                 | CUSIP: 954FQD908<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $15348377.13  | 0.46%             |  |  |  | No            | N/A                | On Loan: No      |
| DAWSON EVERGREEN 1 LP   /                     | DAWSON EVERGREEN 1 LP   /                                    | CUSIP: 954FXDII1<br>LEI: N/A                  | Long             |  | PF                | US        |     68333 | OU      | $79403726.55  | 2.36%             |  |  |  | No            | N/A                | On Loan: No      |
| VIOLET INVESTORS LP    /                      | VIOLET INVESTORS LP    /                                     | CUSIP: 954GAN901<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $34602251.40  | 1.03%             |  |  |  | No            | N/A                | On Loan: No      |
| GLOUSTON P.E. OPPTY VII L.P.   /              | GLOUSTON P.E. OPPTY VII L.P.   /                             | CUSIP: 954GEGII3<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $18543974.00  | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| BPCP NSA HOLDINGS INC 15868299   /            | BPCP NSA HOLDINGS INC 15868299   /                           | CUSIP: 954GVW007<br>LEI: N/A                  | Long             |  | PF                | US        |      6000 | OU      | $9808767.13   | 0.29%             |  |  |  | No            | N/A                | On Loan: No      |
| CP ACP LLC PREFERRED SHARES   /               | CP ACP LLC PREFERRED SHARES   /                              | CUSIP: 954HPC006<br>LEI: N/A                  | Long             |  | PF                | US        |      3336 | OU      | $3833110.61   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| NEA SEC OPPORTUNITY F LP   /                  | NEA SEC OPPORTUNITY F LP   /                                 | CUSIP: 954LXA002<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $30977948.55  | 0.92%             |  |  |  | No            | N/A                | On Loan: No      |
| METLIFE INV. P.E. PARTNERS II LP   /          | METLIFE INV. P.E. PARTNERS II LP   /                         | CUSIP: 954LZVII6<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $40905897.15  | 1.22%             |  |  |  | No            | N/A                | On Loan: No      |
| PSC TIGER LP PSC TIGER LP   /                 | PSC TIGER LP PSC TIGER LP   /                                | CUSIP: 954NTQ008<br>LEI: N/A                  | Long             |  | PF                | GB        |         1 | OU      | $13239421.51  | 0.39%             |  |  |  | No            | N/A                | On Loan: No      |
| NEA TS 2024 SPV LP    /                       | NEA TS 2024 SPV LP    /                                      | CUSIP: 954PELII2<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4901539.25   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| JFL TIGER CO INVEST PARTNERS L.P.   /         | JFL TIGER CO INVEST PARTNERS L.P.   /                        | CUSIP: 954PVYII5<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $14471503.56  | 0.43%             |  |  |  | No            | N/A                | On Loan: No      |
| SMASH CAPITAL TREND HOLDCO SPV GP LLC   /     | SMASH CAPITAL TREND HOLDCO SPV GP LLC   /                    | CUSIP: 954RGL004<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $28376339.39  | 0.84%             |  |  |  | No            | N/A                | On Loan: No      |
| GRAMERCY PG HOLDINGS II LP   /                | GRAMERCY PG HOLDINGS II LP   /                               | CUSIP: 954SRXII6<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10572685.46  | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| CIRCLE PHARMA, INC SERIES D PREFERRED   /     | CIRCLE PHARMA, INC SERIES D PREFERRED   /                    | CUSIP: 954TGQII1<br>LEI: N/A                  | Long             |  | PF                | US        |   7965588 | OU      | $5335231.36   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| WATER STREET HEALTHC PARTNERS III   /         | WATER STREET HEALTHC PARTNERS III   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5532065.06   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| WINDJAMMER SENIOR EQUITY FUND IV   /          | WINDJAMMER SENIOR EQUITY FUND IV   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2753220.28   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| BLACKROCK SECONDARIE LIQUIDITY SOLUTIONS   /  | BLACKROCK SECONDARIE LIQUIDITY SOLUTIONS   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $31628538.35  | 0.94%             |  |  |  | No            | N/A                | On Loan: No      |
| BLUE SEA CAPITAL FUND I   /                   | BLUE SEA CAPITAL FUND I   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $446006.91    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| LHC PAXIA PARTNERS LP   /                     | LHC PAXIA PARTNERS LP   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $15031320.17  | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| LLCP LMM ACQUISITION FUND LP   /              | LLCP LMM ACQUISITION FUND LP   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9040037.64   | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| LEVINE LEICHTMAN CAPITAL PARTNERS VII   /     | LEVINE LEICHTMAN CAPITAL PARTNERS VII   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $488056.12    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| LLR EQUITY PARTNERS IV   /                    | LLR EQUITY PARTNERS IV   /                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2237450.79   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| LIQUID 2 VENTURES FUND II LP   /              | LIQUID 2 VENTURES FUND II LP   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $13612929.62  | 0.40%             |  |  |  | No            | N/A                | On Loan: No      |
| LIQUID 2 WINNERS FUND I LP   /                | LIQUID 2 WINNERS FUND I LP   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2688128.35   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| LIGHTSPEED ASCENT FUND LP   /                 | LIGHTSPEED ASCENT FUND LP   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9246945.39   | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| MAINSAIL PARTNERS III   /                     | MAINSAIL PARTNERS III   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3332233.10   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| MARLIN EQUITY PARTNERS III   /                | MARLIN EQUITY PARTNERS III   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $73047.21     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| MCP Co-Investment Fund V Cooperatief   /      | MCP Co-Investment Fund V Cooperatief   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | XX        |         1 | OU      | $8137841.28   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| MCP Opp Sec Program VI Feeder SCSP   /        | MCP Opp Sec Program VI Feeder SCSP   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $927177.71    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| MEZZANINE PARTNERS III LP   /                 | MEZZANINE PARTNERS III LP   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $5643069.54   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| Menlo Ridgeview Co Invest LLC   /             | Menlo Ridgeview Co Invest LLC   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $51041089.42  | 1.52%             |  |  |  | No            | N/A                | On Loan: No      |
| Meridian Private Eqt Select Co-Invst SCSp   / | Meridian Private Eqt Select Co-Invst SCSp   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3859540.52   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| Meridian Private Eqt Select Part SCSp   /     | Meridian Private Eqt Select Part SCSp   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7096941.62   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| NEA PLA 2025 SPV, L.P.   /                    | NEA PLA 2025 SPV, L.P.   /                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10414300.03  | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| NEFCO ACQUISITIONS INC. SERIES D 1 PREF   /   | NEFCO ACQUISITIONS INC. SERIES D 1 PREF   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       289 | OU      | $531087.47    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| Novacap Intl TMT VI Co-Invest NDT, L.P.   /   | Novacap Intl TMT VI Co-Invest NDT, L.P.   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $13730059.21  | 0.41%             |  |  |  | No            | N/A                | On Loan: No      |
| NOVACAP TMT IV    /                           | NOVACAP TMT IV    /                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $2499652.04   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| ODYSSEY INVESTMENT PARTNERS FUND V   /        | ODYSSEY INVESTMENT PARTNERS FUND V   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1702928.30   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| ODYSSEY INVESTMENT PARTNERS VI MERCALIS   /   | ODYSSEY INVESTMENT PARTNERS VI MERCALIS   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $20348096.24  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| One Equity Partners VII-A, L.P.   /           | One Equity Partners VII-A, L.P.   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $19754093.05  | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| One Equity Partners VIII-A, L.P.   /          | One Equity Partners VIII-A, L.P.   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $34280925.80  | 1.02%             |  |  |  | No            | N/A                | On Loan: No      |
| OFS ENERGY FUND III    /                      | OFS ENERGY FUND III    /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $314689.82    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| OUTLANDER I ARCHIMED ES LP   /                | OUTLANDER I ARCHIMED ES LP   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $39322.85     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| OVERBAY CAPITAL PART 2023 FUND AGG AIV V   /  | OVERBAY CAPITAL PART 2023 FUND AGG AIV V   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | XX        |         1 | OU      | $6565401.57   | 0.20%             |  |  |  | No            | N/A                | On Loan: No      |
| OVERBAY CAPITAL PART 2024 FUND AGGREGATOR   / | OVERBAY CAPITAL PART 2024 FUND AGGREGATOR   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4759763.54   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| Overbay Cap Part 2024 Fund Agg Glen   /       | Overbay Cap Part 2024 Fund Agg Glen   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $39660497.84  | 1.18%             |  |  |  | No            | N/A                | On Loan: No      |
| OVERBAY CAPITAL PART 2024 FUND U.S. LP   /    | OVERBAY CAPITAL PART 2024 FUND U.S. LP   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $11490684.50  | 0.34%             |  |  |  | No            | N/A                | On Loan: No      |
| PALLADIUM EQUITY PARTNERS IV   /              | PALLADIUM EQUITY PARTNERS IV   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $2302511.37   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| PAXIA HOLDINGS LP    /                        | PAXIA HOLDINGS LP    /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       100 | OU      | $10000000.00  | 0.30%             |  |  |  | No            | N/A                | On Loan: No      |
| PG Source Investment LLC   /                  | PG Source Investment LLC   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |      5148 | OU      | $13008605.11  | 0.39%             |  |  |  | No            | N/A                | On Loan: No      |
| PLATTE RIVER EQUITY III   /                   | PLATTE RIVER EQUITY III   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6746392.80   | 0.20%             |  |  |  | No            | N/A                | On Loan: No      |
| ROUNDTABLE HEALTHCAR PARTNERS III   /         | ROUNDTABLE HEALTHCAR PARTNERS III   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1411966.70   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| SAGE EQUITY INVESTOR SIDE LP   /              | SAGE EQUITY INVESTOR SIDE LP   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $427674.33    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| SAS VEHICLE I LP    /                         | SAS VEHICLE I LP    /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $34593647.23  | 1.03%             |  |  |  | No            | N/A                | On Loan: No      |
| SAS VEHICLE GP LLC    /                       | SAS VEHICLE GP LLC    /                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $18394761.16  | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| Schulerhilfe Co-Inv L.P.   /                  | Schulerhilfe Co-Inv L.P.   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    100000 | OU      | $10531317.40  | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| SHAMROCK CAPITAL GROWTH FUND III   /          | SHAMROCK CAPITAL GROWTH FUND III   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3343130.22   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| SHOREVIEW CAPITAL PARTNERS III   /            | SHOREVIEW CAPITAL PARTNERS III   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $14756154.71  | 0.44%             |  |  |  | No            | N/A                | On Loan: No      |
| SIRIS PARTNERS II    /                        | SIRIS PARTNERS II    /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $75168.07     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| SIRIS PARTNERS II    /                        | SIRIS PARTNERS II    /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $18794.19     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| VIDA VENTURES II LLC    /                     | VIDA VENTURES II LLC    /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |        11 | OU      | $4098934.42   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| VITU CO-INVEST LP    /                        | VITU CO-INVEST LP    /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5642643.86   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| VMG PARTNERS II    /                          | VMG PARTNERS II    /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3656.64      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| VV ATREUS SPECIAL FU ND LLC   /               | VV ATREUS SPECIAL FU ND LLC   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       245 | OU      | $982274.01    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| 26N OneLife Co-Inves Partners-A LP   /        | 26N OneLife Co-Inves Partners-A LP   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $10116563.94  | 0.30%             |  |  |  | No            | N/A                | On Loan: No      |
| SSC GOVERNMENT MM GVMXX   /                   | SSC GOVERNMENT MM GVMXX   /                                  | CUSIP: 7839989D1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        | 286323643 | PA      | $286323643.04 | 8.51%             |  |  |  | No            | N/A                | On Loan: No      |
| HPS KP MEZZ 2019 CO INVEST LP   /             | HPS KP MEZZ 2019 CO INVEST LP   /                            | CUSIP: 902FZR009<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $56770967.75  | 1.69%             |  |  |  | No            | N/A                | On Loan: No      |
| MARILYN CO INVEST LP    /                     | MARILYN CO INVEST LP    /                                    | CUSIP: 902FZR900<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $41343257.42  | 1.23%             |  |  |  | No            | N/A                | On Loan: No      |
| MILANO CO INVEST LP    /                      | MILANO CO INVEST LP    /                                     | CUSIP: 902FZS007<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3819198.51   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| PATHWAY SELECT LP SERIES A-26   /             | PATHWAY SELECT LP SERIES A-26   /                            | CUSIP: 902FZSII9<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $488329276.99 | 14.51%            |  |  |  | No            | N/A                | On Loan: No      |
| NEFCO ACQUISITIONS INC. SERIES C 1 PREF   /   | NEFCO ACQUISITIONS INC. SERIES C 1 PREF   /                  | CUSIP: 902TLH006<br>LEI: N/A                  | Long             |  | PF                | US        |       177 | OU      | $322763.62    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| NEFCO ACQUISITIONS INC. SERIES B 1 PREF   /   | NEFCO ACQUISITIONS INC. SERIES B 1 PREF   /                  | CUSIP: 902TLL007<br>LEI: N/A                  | Long             |  | PF                | US        |        80 | OU      | $132795.59    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BC PARTNERS GALILEO (1) LP CLASS 2   /        | BC PARTNERS GALILEO (1) LP CLASS 2   /                       | CUSIP: 902TLN003<br>LEI: N/A                  | Long             |  | PF                | DE        |         1 | OU      | $262570.95    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| FB HA HOLDINGS LP PROJECT BRE PARTNERS   /    | FB HA HOLDINGS LP PROJECT BRE PARTNERS   /                   | CUSIP: 936YDD904<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9030803.33   | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| AE INDUSTRIAL PARTNERS EXTENDE LP   /         | AE INDUSTRIAL PARTNERS EXTENDE LP   /                        | CUSIP: 936YTV907<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $406253.33    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| OCEANSOUND PARTNERS CO INVEST II LP   /       | OCEANSOUND PARTNERS CO INVEST II LP   /                      | CUSIP: 937JAA905<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4854565.92   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| JFL NG CONTINUATION FUND L.P.   /             | JFL NG CONTINUATION FUND L.P.   /                            | CUSIP: 937JAB903<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $15399423.49  | 0.46%             |  |  |  | No            | N/A                | On Loan: No      |
| GALLANT SCREENING ACQUISITION   /             | GALLANT SCREENING ACQUISITION   /                            | CUSIP: 937JAC901<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6302312.96   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| BSP TS CO INVEST I LLC   /                    | BSP TS CO INVEST I LLC   /                                   | CUSIP: 937JAD909<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $555591.84    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| NSH VERISMA HOLDCO L.P.   /                   | NSH VERISMA HOLDCO L.P.   /                                  | CUSIP: 937VJB907<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10797499.73  | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| NA ESSENTIAL SERVICE AGGREGATOR LP   /        | NA ESSENTIAL SERVICE AGGREGATOR LP   /                       | CUSIP: 937VJC905<br>LEI: N/A                  | Long             |  | PF                | US        |      2684 | OU      | $4445727.00   | 0.13%             |  |  |  | No            | N/A                | On Loan: No      |
| ENDODONTIC PRACTICE PARTNERS LLC   /          | ENDODONTIC PRACTICE PARTNERS LLC   /                         | CUSIP: 937VJE901<br>LEI: N/A                  | Long             |  | PF                | US        |    260000 | OU      | $4185261.08   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| BERTRAM GROWTH CAPITAL IV LP   /              | BERTRAM GROWTH CAPITAL IV LP   /                             | CUSIP: 942BEG908<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7157128.81   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| BC PARTNERS GALILEO 1 LP LTD PARTNERSHIP   /  | BC PARTNERS GALILEO 1 LP LTD PARTNERSHIP   /                 | CUSIP: 942YZW009<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $5246060.67   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| ICON PARTNERS V    /                          | ICON PARTNERS V    /                                         | CUSIP: 943JLS005<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10758088.99  | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| SYMBIOTIC CAPITAL EB FUND L.P.   /            | SYMBIOTIC CAPITAL EB FUND L.P.   /                           | CUSIP: 902EAFII7<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5616479.80   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| INSIGHT HIDEAWAY AGGREGATOR   /               | INSIGHT HIDEAWAY AGGREGATOR   /                              | CUSIP: 902FSHII1<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $14635907.42  | 0.43%             |  |  |  | No            | N/A                | On Loan: No      |
| ICG LUDGATE HILL (FE EDER) VA CHRGR SCSP   /  | ICG LUDGATE HILL (FE EDER) VA CHRGR SCSP   /                 | CUSIP: 902FSP001<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $13201086.68  | 0.39%             |  |  |  | No            | N/A                | On Loan: No      |
| CCOF III NEXUS CO INVEST AGGREGATOR LP   /    | CCOF III NEXUS CO INVEST AGGREGATOR LP   /                   | CUSIP: 902FTG901<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5783261.36   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| STORK SPV, L.P.    /                          | STORK SPV, L.P.    /                                         | CUSIP: 944FPHII4<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6906448.82   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| HPS OFFSHORE STRA INV PTN V LP   /            | HPS OFFSHORE STRA INV PTN V LP   /                           | CUSIP: 944QAR002<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $23453381.58  | 0.70%             |  |  |  | No            | N/A                | On Loan: No      |
| NEFCO ACQUISITIONS INC. SERIES A 1 PRFD   /   | NEFCO ACQUISITIONS INC. SERIES A 1 PRFD   /                  | CUSIP: 944UDE900<br>LEI: N/A                  | Long             |  | PF                | US        |      2658 | OU      | $4222995.74   | 0.13%             |  |  |  | No            | N/A                | On Loan: No      |
| TSS CO INVEST HOLDINGS LP   /                 | TSS CO INVEST HOLDINGS LP   /                                | CUSIP: 944WHS000<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $8369976.54   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| HH DAYCO PARENT, LP    /                      | HH DAYCO PARENT, LP    /                                     | CUSIP: 944WYV905<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NGM BIO HOLDINGS INC SERIES A   /             | NGM BIO HOLDINGS INC SERIES A   /                            | CUSIP: 948YFJ905<br>LEI: N/A                  | Long             |  | PF                | US        |   3000000 | OU      | $9000000.00   | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| OEP VIII PROJECT LASER CO INV PRTS LP   /     | OEP VIII PROJECT LASER CO INV PRTS LP   /                    | CUSIP: 952LQG900<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4598676.58   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| NEWVIEW CAPITAL FUND III LP   /               | NEWVIEW CAPITAL FUND III LP   /                              | CUSIP: 952PDX908<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $28269634.91  | 0.84%             |  |  |  | No            | N/A                | On Loan: No      |
| TSCP CV II LP    /                            | TSCP CV II LP    /                                           | CUSIP: 954TWC903<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $18086902.76  | 0.54%             |  |  |  | No            | N/A                | On Loan: No      |
| OCEANSOUND PARTNERS FUND   /                  | OCEANSOUND PARTNERS FUND   /                                 | CUSIP: 965PTE908<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10226601.24  | 0.30%             |  |  |  | No            | N/A                | On Loan: No      |
| HPS OFFSHORE MEZZ PR 2019 LTD PRTNRSP   /     | HPS OFFSHORE MEZZ PR 2019 LTD PRTNRSP   /                    | CUSIP: 965URT906<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $25768905.87  | 0.77%             |  |  |  | No            | N/A                | On Loan: No      |
| GRYPHON PARTNERS VI LP LTD PARTNERSHIP   /    | GRYPHON PARTNERS VI LP LTD PARTNERSHIP   /                   | CUSIP: 966HRSII7<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6612126.66   | 0.20%             |  |  |  | No            | N/A                | On Loan: No      |
| A2 BIOTHERAPEUTICS SERIES C PREFERRED 1   /   | A2 BIOTHERAPEUTICS SERIES C PREFERRED 1   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   6756757 | OU      | $5152054.24   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| ABRY SENIOR EQUITY IV   /                     | ABRY SENIOR EQUITY IV   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $470834.39    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| ACON EQUITY PARTNERS III   /                  | ACON EQUITY PARTNERS III   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3059883.76   | 0.09%             |  |  |  | No            | N/A                | On Loan: No      |
| ALLINAT INC EQUITY CLASS A-1 COMMON   /       | ALLINAT INC EQUITY CLASS A-1 COMMON   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2000000 | NS      | $10133584.00  | 0.30%             |  |  |  | No            | N/A                | On Loan: No      |
| AH PARENT INC (ALLIANT INC) Pref A   /        | AH PARENT INC (ALLIANT INC) Pref A   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     15000 | OU      | $14890998.84  | 0.44%             |  |  |  | No            | N/A                | On Loan: No      |
| A&M CAPITAL PARTNERS FUND I   /               | A&M CAPITAL PARTNERS FUND I   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1738544.55   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| APH EXTENDED VALUE FUND H LP   /              | APH EXTENDED VALUE FUND H LP   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $40269151.47  | 1.20%             |  |  |  | No            | N/A                | On Loan: No      |
| APSE CAPITAL II LP    /                       | APSE CAPITAL II LP    /                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | GB        |         1 | OU      | $60380890.43  | 1.79%             |  |  |  | No            | N/A                | On Loan: No      |
| ATLAS CAPITAL RESOUR II   /                   | ATLAS CAPITAL RESOUR II   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $8276955.61   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| Avenir Growth Part II, L.P.   /               | Avenir Growth Part II, L.P.   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7472804.42   | 0.22%             |  |  |  | No            | N/A                | On Loan: No      |
| Avenir Growth Part III, L.P.   /              | Avenir Growth Part III, L.P.   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10608492.71  | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| Avenir Growth Part IV LP   /                  | Avenir Growth Part IV LP   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $29223312.48  | 0.87%             |  |  |  | No            | N/A                | On Loan: No      |
| Avenir Growth Part V LP   /                   | Avenir Growth Part V LP   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6042163.50   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| Avathon Oculus ITCo Inv, LLC   /              | Avathon Oculus ITCo Inv, LLC   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     27000 | OU      | $28800213.50  | 0.86%             |  |  |  | No            | N/A                | On Loan: No      |
| NADER UPSIDE 2 SARL PIK TERM LOAN   /         | NADER UPSIDE 2 SARL PIK TERM LOAN   /                        | CUSIP: BA0002WX5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   5377209 | PA      | $6235941.11   | 0.19%             | 2028-03-13      | Variable      | 12.23%                | No            | 3                  | On Loan: No      |
| EVRGREN SRVCE GRP PIK HLDC LLC NOTES   /      | EVRGREN SRVCE GRP PIK HLDC LLC NOTES   /                     | CUSIP: BA0003BZ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7311112 | PA      | $7233761.98   | 0.21%             | 2026-08-15      | Fixed         | 13.75%                | No            | 3                  | On Loan: No      |
| EVRGREN SRVCE GRP PIK HLDC LLC DD   /         | EVRGREN SRVCE GRP PIK HLDC LLC DD   /                        | CUSIP: BA0003CC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4014709 | PA      | $4012341.61   | 0.12%             | 2026-08-15      | Fixed         | 13.75%                | No            | 3                  | On Loan: No      |
| BEECKEN PETTY OKEEFE IV   /                   | BEECKEN PETTY OKEEFE IV   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $202621.22    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| BAYHAWK FUND I AEROPLANE SPV LLC   /          | BAYHAWK FUND I AEROPLANE SPV LLC   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7430218.61   | 0.22%             |  |  |  | No            | N/A                | On Loan: No      |
| BLUE WOLF CAPITAL FUND III   /                | BLUE WOLF CAPITAL FUND III   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $11034039.43  | 0.33%             |  |  |  | No            | N/A                | On Loan: No      |
| BANNEKER CV LP    /                           | BANNEKER CV LP    /                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $17349695.37  | 0.52%             |  |  |  | No            | N/A                | On Loan: No      |
| BPOC FUND VI A LP    /                        | BPOC FUND VI A LP    /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7122517.56   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| CAPSTREET IV    /                             | CAPSTREET IV    /                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3995837.61   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| CAROUSEL CAPITAL APEX ROLLOVER PARTNE   /     | CAROUSEL CAPITAL APEX ROLLOVER PARTNE   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2064569.11   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| CAROUSEL CAPITAL PARTNERS IV   /              | CAROUSEL CAPITAL PARTNERS IV   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2264912.26   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| CARRICK CAPITAL PARTNERS   /                  | CARRICK CAPITAL PARTNERS   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2341637.81   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| CATTERTON GROWTH PARTNERS II   /              | CATTERTON GROWTH PARTNERS II   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $16258985.98  | 0.48%             |  |  |  | No            | N/A                | On Loan: No      |
| Cliffwater Corporate Lending F                | Cliffwater Corporate Lending Fund                            | CUSIP: 186854204<br>LEI: 549300H513RTF4I5T758 | Long             |  | RF                | US        |   9416196 | NS      | $101883239.17 | 3.03%             |  |  |  | No            | 1                  | On Loan: No      |
| CENTRE CAPITAL INVESTORS VI   /               | CENTRE CAPITAL INVESTORS VI   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6279282.17   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| CENTRE LANE PARTNERS III   /                  | CENTRE LANE PARTNERS III   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $20048711.56  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| CHROME INVESTORS LP    /                      | CHROME INVESTORS LP    /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $25337545.00  | 0.75%             |  |  |  | No            | N/A                | On Loan: No      |
| CHURCHILL SECONDARY PARTNERS II BLOCKER   /   | CHURCHILL SECONDARY PARTNERS II BLOCKER   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $33863653.54  | 1.01%             |  |  |  | No            | N/A                | On Loan: No      |
| CHEVAL BLANC CO-INVE LP   /                   | CHEVAL BLANC CO-INVE LP   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $15498155.85  | 0.46%             |  |  |  | No            | N/A                | On Loan: No      |
| CIRCLE PHARMA INC SERIES D PREFERRED S   /    | CIRCLE PHARMA INC SERIES D PREFERRED S   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   7965588 | OU      | $5211438.16   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| GRYPHON PARTNERS 3.5   /                      | GRYPHON PARTNERS 3.5   /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $75457.85     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| State Street Institutional US                 | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        | 314639330 | PA      | $314639330.31 | 9.35%             |  |  |  | No            | 1                  | On Loan: No      |
| HARVEST PARTNERS VI   /                       | HARVEST PARTNERS VI   /                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1209676.00   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| Haveli Aston Co- Invest, L.P.   /             | Haveli Aston Co- Invest, L.P.   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $15346199.15  | 0.46%             |  |  |  | No            | N/A                | On Loan: No      |
| NEFCO ACQUISITIONS INC. SERIES E 1 PREF   /   | NEFCO ACQUISITIONS INC. SERIES E 1 PREF   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |        75 | OU      | $138054.46    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NGM BIO HOLDINGS INC SERIES A PREFERRED   /   | NGM BIO HOLDINGS INC SERIES A PREFERRED   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2000000 | NS      | $6000000.00   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| NOHO HOLDINGS III LLC   /                     | NOHO HOLDINGS III LLC   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $39239.76     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NOVACAP DI CO-INVEST (ALL WEST) LP   /        | NOVACAP DI CO-INVEST (ALL WEST) LP   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5487583.18   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| RETYM INC. SERIES D PREF   /                  | RETYM INC. SERIES D PREF   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    472277 | OU      | $4999996.60   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| RIVERSIDE FUND V SQ-A   /                     | RIVERSIDE FUND V SQ-A   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $5278201.86   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| RSK Topco, L.P.    /                          | RSK Topco, L.P.    /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  17046765 | OU      | $22968999.31  | 0.68%             |  |  |  | No            | N/A                | On Loan: No      |
| ROUNDTABLE HEALTHCAR PARTNERS III   /         | ROUNDTABLE HEALTHCAR PARTNERS III   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $11766403.87  | 0.35%             |  |  |  | No            | N/A                | On Loan: No      |
| ROUNDTABLE HEALTHCAR PARTNERS III   /         | ROUNDTABLE HEALTHCAR PARTNERS III   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6432303.23   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| PMH II SPV BELLFLOWE LP   /                   | PMH II SPV BELLFLOWE LP   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9759477.43   | 0.29%             |  |  |  | No            | N/A                | On Loan: No      |
| PONTIFAX GLOBAL FOOD AND AGRICULTURE TECH   / | PONTIFAX GLOBAL FOOD AND AGRICULTURE TECH   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2541242.85   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| ParkerGale Capital ll, L.P.   /               | ParkerGale Capital ll, L.P.   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $28071112.59  | 0.83%             |  |  |  | No            | N/A                | On Loan: No      |
| PATRIA ACROPOLIS LP POOL A   /                | PATRIA ACROPOLIS LP POOL A   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $8180340.92   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| Pathway Select Fund, LP - 2025   /            | Pathway Select Fund, LP - 2025   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $129163070.70 | 3.84%             |  |  |  | No            | N/A                | On Loan: No      |
| QUAD PARTNERS IV    /                         | QUAD PARTNERS IV    /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1030312.17   | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| RCAF DAWGS, L.P.    /                         | RCAF DAWGS, L.P.    /                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $15693468.58  | 0.47%             |  |  |  | No            | N/A                | On Loan: No      |
| MINERVA CO INVEST LP    /                     | MINERVA CO INVEST LP    /                                    | CUSIP: 943PVH905<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $11592222.68  | 0.34%             |  |  |  | No            | N/A                | On Loan: No      |
| MONTAGU+ SCSP    /                            | MONTAGU+ SCSP    /                                           | CUSIP: 944ALK901<br>LEI: N/A                  | Long             |  | PF                | GB        |         1 | OU      | $13481475.57  | 0.40%             |  |  |  | No            | N/A                | On Loan: No      |
| HPS KP SIP V COINVST LTD PARTNERSHIP   /      | HPS KP SIP V COINVST LTD PARTNERSHIP   /                     | CUSIP: 944BHB003<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $20205772.81  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| TSCP CV I, L.P.    /                          | TSCP CV I, L.P.    /                                         | CUSIP: 944CDA908<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $5572347.76   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| CPF MIDWAY FUND A LP    /                     | CPF MIDWAY FUND A LP    /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $18249370.03  | 0.54%             |  |  |  | No            | N/A                | On Loan: No      |
| DFJ GROWTH 2006 CONT LP   /                   | DFJ GROWTH 2006 CONT LP   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $40048953.13  | 1.19%             |  |  |  | No            | N/A                | On Loan: No      |
| DFJ GROWTH V LP    /                          | DFJ GROWTH V LP    /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2009144.81   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| EDGEWATER CAPITAL PARTNERS III   /            | EDGEWATER CAPITAL PARTNERS III   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $542450.03    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| EDG PARTNERS II    /                          | EDG PARTNERS II    /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $867983.35    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| Envoy BDMI SPV LLC    /                       | Envoy BDMI SPV LLC    /                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $12312756.56  | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| EOS VP II FP LP    /                          | EOS VP II FP LP    /                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1048815.78   | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| EARNED GROWTH INVEST I LP   /                 | EARNED GROWTH INVEST I LP   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $13791576.93  | 0.41%             |  |  |  | No            | N/A                | On Loan: No      |
| EURO CURRENCY  /                              | EURO CURRENCY  /                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |      6638 | OU      | $7819.59      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO CURRENCY  /                              | EURO CURRENCY  /                                             | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        |     -6638 | OU      | $-7819.59     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| EVP II LP PARTNERSHIP   /                     | EVP II LP PARTNERSHIP   /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $8390543.05   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| Founders Cricle Cap Co Inv Series L.P.   /    | Founders Cricle Cap Co Inv Series L.P.   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $31487236.53  | 0.94%             |  |  |  | No            | N/A                | On Loan: No      |
| Fairview Applied 2025, L.P.   /               | Fairview Applied 2025, L.P.   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7656572.31   | 0.23%             |  |  |  | No            | N/A                | On Loan: No      |
| Franklin Ventures Inv, L.P. Opp VI   /        | Franklin Ventures Inv, L.P. Opp VI   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10675782.36  | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| GA Continuity Fund ll, L.P.   /               | GA Continuity Fund ll, L.P.   /                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $33196329.43  | 0.99%             |  |  |  | No            | N/A                | On Loan: No      |
| Green Eqty Investors CF IV-C, L.P.   /        | Green Eqty Investors CF IV-C, L.P.   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6194526.56   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| Green Equity Invest CF IV J, L.P.   /         | Green Equity Invest CF IV J, L.P.   /                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $26712.75     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| GORES SMALL CAPITALISATION PARTN   /          | GORES SMALL CAPITALISATION PARTN   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $17476.00     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| GRIDIRON CAPITAL FUND II   /                  | GRIDIRON CAPITAL FUND II   /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1622123.65   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| Haveli Invs Software Fund l Cayman, L.P.   /  | Haveli Invs Software Fund l Cayman, L.P.   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $8455912.40   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| HCI EQUITY PARTNERS IV   /                    | HCI EQUITY PARTNERS IV   /                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $10533551.40  | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| HGC 2025, L.P.    /                           | HGC 2025, L.P.    /                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $6992485.73   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| HIBID AGGRETATOR LP    /                      | HIBID AGGRETATOR LP    /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     10000 | OU      | $10842273.93  | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| Hellman & Friedman Cap Part X, L.P.   /       | Hellman & Friedman Cap Part X, L.P.   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         2 | OU      | $50006231.88  | 1.49%             |  |  |  | No            | N/A                | On Loan: No      |
| HOUSATONIC EQUITY INVESTORS V   /             | HOUSATONIC EQUITY INVESTORS V   /                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4862703.37   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| INCLINE EQUITY PARTNERS IV   /                | INCLINE EQUITY PARTNERS IV   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $24620.23     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| JFL EQUITY INVESTORS VI LP   /                | JFL EQUITY INVESTORS VI LP   /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $8438267.66   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| JLL Partners Fund VIII Secondary SV LP   /    | JLL Partners Fund VIII Secondary SV LP   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $18359407.03  | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| JUXTAPOSE VENTURES III LP   /                 | JUXTAPOSE VENTURES III LP   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $192528.10    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| KARPREILLY CAPITAL PARTNERS II   /            | KARPREILLY CAPITAL PARTNERS II   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9716766.99   | 0.29%             |  |  |  | No            | N/A                | On Loan: No      |
| KHOSLA VENTURES OAI LLC   /                   | KHOSLA VENTURES OAI LLC   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $25386182.76  | 0.75%             |  |  |  | No            | N/A                | On Loan: No      |
| KOHLBERG MANAGEMENT X LLC   /                 | KOHLBERG MANAGEMENT X LLC   /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1908713.06   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| LGP SAGE PC COINVEST LP   /                   | LGP SAGE PC COINVEST LP   /                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $20118860.24  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Cascade Private Capital Fund

**Signature:** /s/ Lance J. Johnson

**Name of Signer:** Lance J. Johnson

**Title:** Treasurer