# EDGAR Filing Document

**Accession Number:** 0001876006
**File Stem:** 0001049169-25-000306
**Filing Date:** 2025-8
**Character Count:** 205237
**Document Hash:** c91e5fd8f621cc6eebbe252b8cc958dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000306.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001049169-25-000306

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ares Private Markets Fund
- **CENTRAL INDEX KEY:** 0001876006

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23727
- **FILM NUMBER:** 251278603

**BUSINESS ADDRESS:**
- **STREET 1:** 245 PARK AVENUE, 44TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10167
- **BUSINESS PHONE:** 212-750-7300

**MAIL ADDRESS:**
- **STREET 1:** 245 PARK AVENUE, 44TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10167

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ares Landmark Private Markets Fund
- **DATE OF NAME CHANGE:** 20210730

## Nport-Ex

---

| | |
|:---|:---|
| **Ares Private Markets Fund** | **Consolidated Schedule of Investments** |
|  | June 30, 2025 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Private Assets - 115.29%** | **Geographic <br> Region<sup>(a)</sup>** | **Acquisition<br> Date** | **Cost** | **Fair Value** | **Percentage of <br> Net Assets** |
| ***Direct Investments/Co-Investments- 2.29%<sup>(b)(c)</sup>*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CWC Fund I Co-Invest (AlTi) L.P.<sup>(d)</sup> | North America | 3/26/2024 | $5201000 | $5696574 | 0.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;Echo Co-Invest L.P.<sup>(d)</sup> | Europe | 5/19/2025 | 5000000 | 5000000 | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hildred Capital Co-Invest-REBA, LP<sup>(d)(e)</sup> | North America | 1/9/2025 | 27497683 | 33583579 | 1.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;iCapital, Inc.<sup>(d)(f)</sup> | North America | 4/14/2025 | 10000000 | 10000000 | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;KKR Olympus Co-Invest L.P.<sup>(d)</sup> | North America | 10/18/2022 | 2585212 | 3105095 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;KWOL Co-Invest, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 10000000 | 13472757 | 0.44% |
| ***Total Direct Investments/Co-Investments*** |  |  | $**60283895** | $**70858005** |  |
| ***Primary Investments- 2.53%<sup>(b)(c)</sup>*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax XI USD L.P.<sup>(d)(e)</sup> | North America | 5/2/2024 | 1151860 | 1154367 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Aquiline Financial Services Fund V L.P.<sup>(d)(e)</sup> | North America | 5/22/2024 | 3197881 | 3635292 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Arlington Capital Partners VI, L.P.<sup>(d)(e)</sup> | North America | 7/27/2023 | 6475776 | 7364642 | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;BharCap Partners II-B, LP<sup>(d)(e)</sup> | North America | 12/27/2024 | 1507646 | 1841340 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bridgepoint Growth II B LP<sup>(d)(e)</sup> | Europe | 11/29/2024 | 2093163 | 1694399 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Constellation Wealth Capital Fund, L.P.<sup>(e)</sup> | North America | 1/26/2024 | 6747613 | 6208065 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;EQT X (NO.2) USD SCSP<sup>(d)(e)</sup> | North America | 4/9/2024 | 2201406 | 2107925 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Haveli Investments Software Fund I, L.P.<sup>(d)(e)</sup> | North America | 4/28/2025 | 4033492 | 3256072 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hunter Point Capital Investors (Onshore), L.P.<sup>(d)(e)</sup> | North America | 1/29/2024 | 6200355 | 6671012 | 0.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;Integrum Capital Partners L.P.<sup>(d)(e)</sup> | North America | 12/2/2022 | 6148309 | 7351460 | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;Kelso Investment Associates XI, L.P.<sup>(e)</sup> | North America | 10/26/2023 | 4520112 | 5392809 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Kohlberg Investors X, L.P.<sup>(d)(e)</sup> | North America | 9/27/2024 | 3363511 | 3451133 | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Levine Leichtman Capital Partners VII, L.P.<sup>(e)</sup> | North America | 12/11/2024 | 1542057 | 1502635 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Linden Structured Capital Fund II-A LP<sup>(e)</sup> | North America | 7/18/2024 | 2231105 | 2395281 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Lovell Minnick Equity Partners VI LP<sup>(e)</sup> | North America | 8/13/2024 | 1773105 | 1761317 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;New Mountain Partners VII LP<sup>(d)(e)</sup> | North America | 8/29/2024 | 1794464 | 1648096 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;PSG VI (Lux) S.C.Sp.<sup>(e)</sup> | North America | 5/22/2025 | 513450 | 241952 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;SkyKnight Capital Fund IV, L.P.<sup>(d)(e)</sup> | North America | 11/13/2023 | 1922331 | 2206954 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Partners IX, L.P.<sup>(e)</sup> | North America | 1/25/2024 | 3022394 | 3436522 | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Valeas Capital Partners Fund I-A LP<sup>(d)(e)</sup> | North America | 1/31/2024 | 6855140 | 12362520 | 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Veritas Capital Fund IX, L.P.<sup>(d)(e)</sup> | North America | 12/17/2024 | 146235 | (41872) | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;VIP V Feeder S.C.Sp.<sup>(d)(e)</sup> | Europe | 10/16/2024 | 2536467 | 2415548 | 0.08% |
| ***Total Primary Investments*** |  |  | $**69977872** | $**78057469** |  |
| ***Secondary Investments- 110.47%<sup>(b)(c)</sup>*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3i Europartners Vb L.P. | Europe | 1/5/2024 | 4792 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Adams Street 2018 Global Fund LP<sup>(e)</sup> | North America | 10/2/2024 | 201032 | 291270 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Advanced Technology Ventures VII, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 263749 | 121077 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Advent International GPE V-C Limited Partnership<sup>(d)</sup> | North America | 12/29/2023 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Advent International GPE VI-A Limited Partnership<sup>(d)</sup> | North America | 6/30/2025 | 5565367 | 6069452 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Advent International GPE VII-E Limited Partnership<sup>(e)</sup> | North America | 3/31/2025 | 7934166 | 9043444 | 0.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Advent Latin American Private Equity Fund VI-D LP<sup>(d)(e)</sup> | Rest of World | 3/31/2025 | 1321081 | 2101384 | 0.07% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;AEA Fund VII, LP<sup>(d)(e)</sup> | North America | 10/2/2024 | 851382 | 1129018 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;AEA Investors 2006 Fund L.P.<sup>(d)(e)</sup> | North America | 1/5/2024 |  | 61708 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;AEA Investors V LP<sup>(d)(e)</sup> | North America | 10/2/2024 | 23139 | 41149 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Affinity Asia Pacific Fund III (No. 2) L.P.<sup>(e)</sup> | Rest of World | 12/29/2023 | 443468 | 559138 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Algebris NPL Partnership II S.C.S<sup>(e)</sup> | Europe | 3/31/2025 | 514091 | 775659 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Alpine Investors VI, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 35400408 | 52981850 | 1.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Altas Partners Holdings II LP<sup>(e)</sup> | North America | 10/2/2024 | 745242 | 1154561 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Alteri Extended Value LP<sup>(d)(e)</sup> | Europe | 12/11/2024 | 4469112 | 7915497 | 0.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altor Fund II (No. 1) Limited Partnership | Europe | 3/31/2025 | 125662 | 95092 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Altor Fund IV (No. 2) AB<sup>(e)</sup> | Europe | 3/31/2025 | 1141335 | 1476598 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Altor Fund V (No. 1) AB<sup>(e)</sup> | Europe | 3/31/2025 | 2094360 | 2682097 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax Europe VI-A, L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 4693672 | 5325606 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax Europe VII - A, L.P.<sup>(d)(e)</sup> | Europe | 10/2/2023 | 1100480 | 1566024 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax Europe VII - B, L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 2595392 | 3546715 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax US VII, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 437971 | 768035 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax VIII - A, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 7604370 | 7801821 | 0.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apax VIII - B, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 6213458 | 5816357 | 0.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;APH Extended Value Fund H LP<sup>(d)(e)</sup> | North America | 1/30/2025 | 79609652 | 88019179 | 2.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Credit Opportunity Fund III, L.P.<sup>(d)(e)</sup> | North America | 6/28/2024 |  | 27129 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Investment Fund IX, L.P.<sup>(e)</sup> | North America | 4/1/2022 | 3499502 | 4897513 | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Investment Fund VIII, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 141400 | 145965 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Apollo Overseas Partners VIII, L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 2305403 | 2319542 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Aquiline Financial Services Continuation Fund L.P<sup>(d)(e)</sup> | North America | 5/30/2024 | 17131131 | 25885642 | 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;Aquiline Financial Services Fund L.P.<sup>(d)</sup> | North America | 3/31/2025 | 3448713 | 3995754 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;ARDIAN Expansion Syclef Continuation Fund S.L.P<sup>(d)(e)</sup> | Europe | 12/23/2024 | 15747000 | 21412950 | 0.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Audax Mezzanine Fund III, L.P.<sup>(d)</sup> | North America | 9/29/2023 | 26940 | 37673 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Audax Private Equity Fund III, L.P.<sup>(d)(e)</sup> | North America | 9/29/2023 | 168234 | 140901 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Audax Private Equity Fund, L.P.<sup>(d)</sup> | North America | 1/12/2024 | 253674 | 34985 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Avenue Real Estate Fund L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 2104408 | 1385922 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;AXA IM Prime Genesis PE Secondaries Fund<sup>(e)</sup> | Europe | 12/20/2024 | 190346516 | 254424140 | 8.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bain Capital Beacon Holdings, L.P.<sup>(d)(e)</sup> | North America | 3/24/2025 | 59708152 | 58714678 | 1.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bain Capital Fund VII, L.P.<sup>(d)</sup> | North America | 1/31/2024 | 2465858 | 3032356 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bain Capital Fund XI, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 1272285 | 1125714 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Barley (No.1) Limited Partnership<sup>(d)(e)</sup> | Europe | 6/18/2024 | 1056711 | 982787 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;BC European Capital IX - 2 LP<sup>(d)(e)</sup> | Europe | 3/31/2025 | 6173787 | 8512336 | 0.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;BC XI Private Investor, L.P.<sup>(d)</sup> | North America | 12/31/2024 | 2073730 | 1962425 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;BC XII Private Investors, L.P.<sup>(d)</sup> | North America | 12/31/2024 | 4757638 | 6522536 | 0.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Fund VI, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 1394410 | 2055046 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Berkshire Fund VII, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 988352 | 1209056 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;BF Garden Corporate Tax Credit Fund XII L.P.<sup>(d)</sup> | North America | 1/12/2024 |  | 208104 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Capital Partners IV L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 19 | 111420 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Capital Partners V L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 8543 | 189372 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Capital Partners VI, L.P.<sup>(e)</sup> | North America | 12/31/2024 | 35371598 | 51795256 | 1.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Capital Partners VII L.P.<sup>(e)</sup> | North America | 12/31/2024 | 3680071 | 3852339 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Capital Partners VIII, L.P.<sup>(e)</sup> | North America | 10/4/2024 | 9308481 | 10558341 | 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Communications Partners I L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 |  | 18776 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Infrastructure Partners IRH-G L.P.<sup>(d)</sup> | North America | 12/15/2023 | 20377761 | 21768752 | 0.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Real Estate Partners Europe III, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 1873345 | 1768999 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Real Estate Partners IV L.P.<sup>(d)</sup> | North America | 12/29/2023 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Real Estate Partners VI, LP<sup>(e)</sup> | North America | 12/29/2023 |  | 11838 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes V US Investors LP<sup>(e)</sup> | North America | 11/29/2024 | 41267345 | 53200633 | 1.72% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Boston Millennia Partners II Limited Partnership<sup>(d)</sup> | North America | 12/29/2023 | 62919 |  | &nbsp;&nbsp;&nbsp;&nbsp;–% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bridgepoint Credit Opportunities II, L.P.<sup>(d)(e)</sup> | Europe | 6/28/2024 | 278515 | 292030 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bridgepoint Europe IV A<sup>(d)(e)</sup> | Europe | 10/8/2024 | 1131706 | 1216222 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bridgepoint Europe IV E<sup>(d)(e)</sup> | Europe | 10/8/2024 | 75433 | 81044 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;BSP Solstice Investors L.P. (AD)<sup>(e)</sup> | North America | 4/1/2024 | 199845857 | 254522391 | 8.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;BSP Solstice Investors L.P. (BCE)<sup>(e)</sup> | North America | 4/1/2024 | 200278616 | 260937576 | 8.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;BSP Summer Investors (PMF) L.P.<sup>(e)</sup> | North America | 8/31/2023 | 8398104 | 11333779 | 0.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;BSP Summer Investors L.P.<sup>(e)</sup> | North America | 8/31/2023 | 8398104 | 11333785 | 0.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;Canterbury Consulting PC Fund I (A), LP<sup>(e)</sup> | North America | 9/30/2024 | 1278714 | 1729714 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Canterbury Consulting PC Fund II (A), L.P.<sup>(d)(e)</sup> | North America | 9/30/2024 | 167332 | 149019 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Canterbury Consulting PC Fund II (B), LP<sup>(d)(e)</sup> | North America | 9/30/2024 | 652141 | 563664 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Canterbury Consulting SPFS Fund VIII (Onshore)<sup>(e)</sup> | North America | 9/30/2024 | 587645 | 756706 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Capvest Strategic Opportunities 3 SCSP<sup>(d)</sup> | Europe | 8/3/2022 | 12209464 | 30685657 | 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Europe Partners II, L.P.<sup>(e)</sup> | Europe | 1/5/2024 |  | 70152 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Europe Partners III, L.P.<sup>(d)(e)</sup> | Europe | 4/12/2024 | 94745 | 106103 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Europe Partners IV, L.P. (USD)<sup>(e)</sup> | Europe | 3/31/2025 | 1993910 | 1641271 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Partners V, L.P.<sup>(d)(e)</sup> | North America | 4/12/2024 | 474588 | 1144326 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Partners VI, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 3652928 | 3572034 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Partners VII, L.P<sup>(e)</sup> | North America | 10/31/2024 | 2655917 | 3445019 | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Partners VII, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 5676316 | 5738409 | 0.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlyle Partners VIII, L.P.<sup>(e)</sup> | North America | 9/29/2023 | 5175997 | 6215168 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Catterton Partners VII, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 10805363 | 11813738 | 0.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;CD&R Fund VIII Wilsonart-A, L.P.<sup>(d)</sup> | North America | 12/29/2023 |  | 42634 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CD&R Value Building Partners I, L.P. | North America | 9/30/2023 | 89962 | 193163 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Centerbridge Capital Partners III, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 3417404 | 3327290 | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Centerbridge Capital Partners, L.P.<sup>(d)</sup> | North America | 4/5/2024 | 134580 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Cerberus Institutional Partners, L.P. (Series Four)<sup>(d)(e)</sup> | North America | 10/10/2023 | 15679 | 9689 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;CF24XB SCSp<sup>(d)(e)</sup> | Europe | 3/26/2025 | 40000000 | 58339521 | 1.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charlesbank Equity Fund IX, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 38983539 | 37784130 | 1.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charlesbank Equity Fund VI, Limited Partnership<sup>(d)(e)</sup> | North America | 6/30/2025 | 3360144 | 3473347 | 0.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charlesbank Equity Fund VII, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 156211 | 102213 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Charlesbank Equity Fund VIII, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 34007040 | 31067871 | 1.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charlesbank Equity Fund X, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 17430031 | 18783585 | 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charterhouse Capital Partners X, L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 4142132 | 5088763 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Clarity Partners, L.P.<sup>(d)</sup> | North America | 3/28/2024 |  | 1317 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Clayton, Dubilier & Rice Fund IX (Credit), L.P.<sup>(d)</sup> | North America | 9/30/2023 | 2893 | 7776 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Clayton, Dubilier & Rice Fund IX, L.P.<sup>(d)(e)</sup> | North America | 9/30/2023 | 240027 | 268269 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Clayton, Dubilier & Rice Fund VIII, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 |  | 22053 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Clayton, Dubilier & Rice Fund X, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 4149467 | 4589346 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Clayton, Dubilier & Rice Fund XI, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 5454780 | 5814333 | 0.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Comvest Capital II, L.P.<sup>(d)(e)</sup> | North America | 1/5/2024 |  | 64471 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;CPE Private Equity L.P.<sup>(d)</sup> | Europe | 3/28/2024 |  | 7831 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Crescent Special Situations Fund (Investor Group), L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 73433 | 116347 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Crestview Partners II, L.P.<sup>(d)(e)</sup> | North America | 1/15/2024 | 1266585 | 4180526 | 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Crestview Partners, L.P.<sup>(d)(e)</sup> | North America | 1/5/2024 | 1085714 | 1200336 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;CVC Capital Partners Asia Pacific III, L.P.<sup>(e)</sup> | Europe | 12/29/2023 | 62223 | 92920 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;CVC Capital Partners VII (A) L.P<sup>(e)</sup> | Europe | 10/23/2024 | 3413862 | 4613368 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;CVC European Equity Partners III L.P.<sup>(d)(e)</sup> | Europe | 12/29/2023 | 242455 | 532375 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;CVC European Equity Partners IV, L.P.<sup>(d)(e)</sup> | Europe | 12/29/2023 | 47803 | 56748 | 0.00 %<sup>(g)</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;CVC European Equity Partners V (C) L.P.<sup>(d)(e)</sup> | Europe | 12/29/2023 | 940324 | 449384 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Darwin Private Equity I LP<sup>(d)(e)</sup> | Europe | 3/28/2024 | 113528 | 139540 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;DFW Capital Partners V, L.P.<sup>(d)(e)</sup> | North America | 4/1/2022 | 10598852 | 11874164 | 0.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EnCap Energy Capital Fund IX-D, L.P. | North America | 9/29/2023 | 15423 | 49912 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Capital Partners Mezzanine Opportunities Fund, L.P.<sup>(d)(e)</sup> | North America | 1/5/2024 | 491908 | 500675 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Esprit Capital Fund No. 1 Limited Partnership<sup>(d)</sup> | Europe | 10/16/2023 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Essex Woodlands Health Ventures Fund VI, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 1042535 | 282095 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Essex Woodlands Health Ventures Fund VII, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 168775 | 163069 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Exponent Private Equity Partners, L.P.<sup>(d)(e)</sup> | Europe | 3/28/2024 | 29339 | 43517 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Technology Ventures II (Q), L.P.<sup>(d)</sup> | North America | 12/29/2023 | 16536 | 43833 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;FinEquity Holdings, LLC (13 shares class A common interests)<sup>(d)(f)</sup> | North America | 12/13/2024 | 97218099 | 98938830 | 3.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;First Reserve Fund XI, L.P.<sup>(d)</sup> | North America | 10/10/2023 | 239 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Foundry Venture Capital 2007, L.P.<sup>(d)(e)</sup> | North America | 3/28/2024 | 246225 | 78360 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Framework Ventures III L.P.<sup>(d)</sup> | North America | 10/2/2024 | 856746 | 687060 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;FTVentures III, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 1284795 | 1420068 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;FUSE Venture Partners Alpha I, LP<sup>(d)(e)</sup> | North America | 9/30/2024 | 323740 | 413276 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;GenNx360 Capital Partners, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 44709 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Equity Investors CF IV J, L.P.<sup>(d)(e)</sup> | North America | 5/29/2025 | 161180 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Equity Investors CF IV-C, L.P.<sup>(d)(e)</sup> | North America | 4/15/2025 | 44687019 | 44206820 | 1.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Equity Investors Side CF III-C, L.P.<sup>(e)</sup> | North America | 12/4/2023 | 16861686 | 26363013 | 0.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Equity Investors V<sup>(d)(e)</sup> | North America | 4/5/2024 | 253340 | 27847 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Gryphon Partners 3.5, L.P.<sup>(d)(e)</sup> | North America | 9/29/2023 | 51558 | 27320 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Gryphon Partners IV, L.P.<sup>(d)(e)</sup> | North America | 9/29/2023 | 149572 | 254254 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;GSO Capital Opportunities Overseas Fund<sup>(d)(e)</sup> | North America | 11/1/2023 | 4298 | 6394 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Hamilton Lane Co-Investment Fund II, L.P.<sup>(d)(e)</sup> | North America | 9/29/2023 | 103161 | 246637 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hancock Park Capital III<sup>(d)</sup> | North America | 7/3/2024 | 1211757 | 1699609 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;HCI Equity Partners EV I, L.P.<sup>(d)(e)</sup> | North America | 9/9/2024 | 16719578 | 18056260 | 0.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hellman & Friedman Capital Partners IX, L.P.<sup>(e)</sup> | North America | 12/31/2024 | 128864844 | 149391292 | 4.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hellman & Friedman Capital Partners VII, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 3037977 | 3719584 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hellman & Friedman Capital Partners VIII, L.P.<sup>(e)</sup> | North America | 12/31/2024 | 74174595 | 81735811 | 2.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hellman & Friedman Capital Partners X, L.P.<sup>(e)</sup> | North America | 12/31/2024 | 81263142 | 79781317 | 2.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;Hildred Perennial Partners I, L.P.<sup>(d)(e)</sup> | North America | 12/22/2023 | 23970986 | 35978315 | 1.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;HKW Capital Partners V, L.P.<sup>(e)</sup> | North America | 9/30/2024 | 1017039 | 1595996 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industri Kapital 2007 Limited Partnership II<sup>(d)(e)</sup> | Europe | 4/12/2024 | 29699 | 56591 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Insight Partners Coinvestment Fund II<sup>(d)</sup> | North America | 3/31/2025 | 17274288 | 18070452 | 0.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Insight Partners Coinvestment Fund III<sup>(d)(e)</sup> | North America | 9/30/2023 | 40679 | 99399 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Insight Partners Continuation Fund (Cayman), L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 4596239 | 4368778 | 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Insight Partners Continuation Fund II, L.P.<sup>(d)(e)</sup> | North America | 3/31/2023 | 20512168 | 29532163 | 0.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;Insight Venture Partners VII, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 19822290 | 20039662 | 0.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;Insight Venture Partners VIII, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 15945876 | 18808946 | 0.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kayne Anderson Energy Fund VI, L.P. | North America | 10/3/2023 | 1014 | 1742 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Kelso Investment Associates VII, L.P.<sup>(d)</sup> | North America | 9/29/2023 | 1520 | 1969 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Kelso Investment Associates VIII, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 539371 | 119630 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;KKR Americas Fund XII (EEA), L.P.<sup>(e)</sup> | North America | 4/1/2022 | 4994301 | 6291432 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;KKR European Fund II, L.P.<sup>(d)</sup> | Europe | 12/29/2023 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;KKR Indigo Equity Partners A L.P.<sup>(d)</sup> | North America | 6/8/2022 | 885193 | 1032333 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;KKR Indigo Equity Partners B L.P.<sup>(d)</sup> | North America | 6/8/2022 | 12535802 | 14364880 | 0.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;KKR North America Fund XI, L.P.<sup>(d)(e)</sup> | North America | 4/1/2022 | 1732004 | 1923959 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;KRG Capital Fund IV, L.P.<sup>(d)(e)</sup> | North America | 3/28/2024 | 731219 | 615626 | 0.02% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Levine Leichtman Capital Partners IV, L.P.<sup>(d)(e)</sup> | North America | 3/28/2024 | 693493 | 788748 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Linden Opportunities Fund L.P.<sup>(d)(e)</sup> | North America | 9/1/2022 | 8530378 | 9704502 | 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Lindsay Goldberg - Attain L.P.<sup>(d)(e)</sup> | North America | 12/2/2024 | 31448725 | 39218517 | 1.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;Livingbridge 6 L.P.<sup>(d)(e)</sup> | Europe | 4/1/2022 | 14271168 | 19570734 | 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;Livingbridge Enterprise 2 L.P.<sup>(d)(e)</sup> | Europe | 4/1/2022 | 4450971 | 3055879 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;LLCP LMM Acquisition Fund, L.P.<sup>(e)</sup> | North America | 11/20/2024 | 14623356 | 17314165 | 0.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Lorient Peregrine Investment, L.P.<sup>(d)</sup> | North America | 11/25/2022 | 10066631 | 9996603 | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;Madison Dearborn Capital Partners VII, L.P.<sup>(e)</sup> | North America | 4/1/2022 | 5906485 | 7966717 | 0.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Medley Opportunity Fund II L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 |  | 3136 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Melody Capital Partners Onshore Credit Fund, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 1786948 | 1253546 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;MHR Institutional Partners II- A, L.P.<sup>(d)</sup> | North America | 1/12/2024 | 2868663 | 4908816 | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;MHR Institutional Partners III, L.P.<sup>(d)(e)</sup> | North America | 1/2/2025 | 4160487 | 5370133 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mill Road Capital III, L.P.<sup>(d)(e)</sup> | North America | 7/3/2024 | 4304830 | 4493279 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mill Road Capital, L.P.<sup>(d)(e)</sup> | North America | 7/3/2024 | 2615873 | 885330 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mithras Capital Fund L.P.<sup>(d)</sup> | Europe | 9/29/2023 | 22280 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mohr Davidow Ventures VIII, L.P. | North America | 10/2/2023 |  | 36994 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Montagu V (US) L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 10194645 | 12758098 | 0.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;Montagu V L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 5750503 | 5992144 | 0.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nautic Partners V, LP<sup>(d)(e)</sup> | North America | 7/19/2024 | 452226 | 4294 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Nautic Partners VI, L.P.<sup>(d)(e)</sup> | North America | 7/19/2024 | 12040 | 36491 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;NCP Fund I, LP<sup>(d)(e)</sup> | North America | 6/30/2025 | 7762334 | 8299638 | 0.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;NCP Fund II-A, LP<sup>(d)(e)</sup> | North America | 6/30/2025 | 5001189 | 5113025 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;New Form Capital II, L.P.<sup>(d)(e)</sup> | North America | 10/2/2024 | 297935 | 406791 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;New Leaf Ventures I, L.P.<sup>(d)</sup> | North America | 9/29/2023 | 9657 | 14646 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;New Mountain Partners III, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 2438888 | 2991029 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;New Mountain Partners IV, L.P.<sup>(d)(e)</sup> | North America | 10/8/2024 | 11064815 | 11781656 | 0.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;New Mountain Partners V, L.P.<sup>(e)</sup> | North America | 3/31/2023 | 6041251 | 7430925 | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;New Mountain SRC Continuation Fund, L.P.<sup>(d)(e)</sup> | North America | 4/8/2025 | 57474470 | 57212076 | 1.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;NewVest PE50 2024 (Cayman), LP<sup>(e)</sup> | North America | 12/16/2024 | 19489894 | 19030839 | 0.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nordic Capital VIII Alpha, L.P.<sup>(d)(e)</sup> | Europe | 3/31/2025 | 1389290 | 2235740 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;North Haven Capital Partners W50 CV L.P.<sup>(d)(e)</sup> | North America | 3/21/2024 | 12503700 | 14030020 | 0.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;North Texas Opportunity Fund, L.P.<sup>(d)</sup> | North America | 3/28/2024 | 104830 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Oak Hill Digital Opportunities Partners<sup>(d)(e)</sup> | North America | 10/23/2024 | 2902264 | 3151849 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Oaktree Opportunities Fund IX (Cayman), L.P.<sup>(d)</sup> | North America | 3/31/2025 | 3365723 | 3600015 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Onex Partners III LP<sup>(e)</sup> | North America | 3/31/2025 | 8162438 | 10276002 | 0.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;Onex Partners IV, LP<sup>(d)(e)</sup> | North America | 3/31/2025 | 21355922 | 23677576 | 0.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;Onex Partners Opportunity Fund LP<sup>(d)(e)</sup> | North America | 5/31/2025 |  | (42679) | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Onex Partners V LP<sup>(d)(e)</sup> | North America | 3/31/2025 | 3878661 | 5841394 | 0.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Pacific Equity Partners Fund IV, L.P.<sup>(d)(e)</sup> | Rest of World | 3/24/2024 | 2277 | 160163 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Pacific Equity Partners Supplementary Fund IV, L.P.<sup>(d)(e)</sup> | Rest of World | 12/29/2023 | 761 | 67076 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Paddington Partners, L.P.<sup>(d)(e)</sup> | North America | 1/10/2024 | 37060841 | 45937734 | 1.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permira IV L.P.2 | Europe | 3/31/2025 | 11310091 | 15257258 | 0.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;Permira V G.P. L.P.<sup>(e)</sup> | Europe | 9/28/2023 | 125783 | 262253 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Permira VII L.P. 1<sup>(e)</sup> | Europe | 10/8/2024 | 1927267 | 2533721 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Platinum Equity Capital Partners I<sup>(d)(e)</sup> | North America | 12/29/2023 | 33984 | 351658 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Platinum Equity Capital Partners IV, L.P.<sup>(d)(e)</sup> | North America | 6/30/2022 | 23094512 | 20901420 | 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;Polaris Venture Partners IV, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 208730 | 103586 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Polaris Venture Partners V, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 704594 | 562722 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Primus Pacific Partners 1 L.P.<sup>(d)</sup> | Rest of World | 3/28/2024 | 3602071 | 1986144 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Private Equity Access Fund I, LLC<sup>(d)</sup> | North America | 6/28/2024 | 24508 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Project Equity Company I (Mauritius) Limited<sup>(d)(e)</sup> | North America | 6/28/2024 | 57202 | 99625 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Providence Equity Partners (Unity) S.C.Sp<sup>(d)(e)</sup> | Europe | 5/31/2024 | 4980634 | 11657173 | 0.38% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Providence Equity Partners V L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 4379 |  | &nbsp;&nbsp;&nbsp;&nbsp;–% |
| &nbsp;&nbsp;&nbsp;&nbsp;Providence Equity Partners VI L.P.<sup>(d)(e)</sup> | North America | 9/30/2023 | 251522 | 99710 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Providence Equity Partners VII-A L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 21581782 | 22200632 | 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Providence Equity Partners VIII, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 7194995 | 8664658 | 0.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;Rader Reinfrank Investors, L.P.<sup>(d)</sup> | North America | 3/28/2024 | 15258 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Redmile BioPharma Investments III, LP<sup>(d)(e)</sup> | North America | 9/30/2024 | 359933 | 336642 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;RiverRock European Opportunities Fund, L.P.<sup>(d)</sup> | Europe | 6/28/2024 | 246424 | 64601 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;RREF IV Debt Direct Domestic Investors, LP<sup>(e)</sup> | North America | 9/30/2024 | 480983 | 732461 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Rubicon Continuation Fund L.P.<sup>(d)(e)</sup> | North America | 11/12/2024 | 35595245 | 41331554 | 1.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;Sandler Capital Partners V, L.P.<sup>(d)</sup> | North America | 12/29/2023 | 1036693 | 1177352 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Saybrook Corporate Opportunity Fund, L.P.<sup>(d)</sup> | North America | 1/12/2024 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Searchlight Capital III, L.P.<sup>(d)(e)</sup> | North America | 9/30/2024 | 852887 | 1245647 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;SFW Capital Partners Fund, L.P.<sup>(d)</sup> | North America | 4/24/2024 | 467 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Signal Peak Ventures III, L.P.<sup>(d)</sup> | North America | 3/31/2025 | 1247468 | 1530608 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver Cup Holdings V, L.P.<sup>(d)(e)</sup> | North America | 9/30/2023 | 756866 | 1163446 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver Lake Partners III, LP<sup>(d)(e)</sup> | North America | 1/2/2025 | 1380107 | 2675255 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver Lake Partners IV, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 40359019 | 64245483 | 2.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver Lake Partners V, LP<sup>(d)(e)</sup> | North America | 6/30/2025 | 20376422 | 28221959 | 0.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver Lake Partners VI, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 16718989 | 26939092 | 0.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver Lake Partners VII, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 7024379 | 10244706 | 0.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;Sixth Street Opportunities Partners III, L.P.<sup>(e)</sup> | North America | 10/12/2023 | 18080 | 26170 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;SkyKnight Capital II CV A, L.P.<sup>(e)</sup> | North America | 10/30/2024 | 875 | 1055 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;SkyKnight Capital II CV B, L.P.<sup>(e)</sup> | North America | 10/30/2024 | 99006901 | 119326113 | 3.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SL SPV-2, L.P. | North America | 1/2/2025 | 1079422 | 14189248 | 0.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;Snow Phipps Group, L.P.<sup>(e)</sup> | North America | 1/5/2024 | 2027951 | 3799710 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;South Florida Motorsports LLC (13 shares class A common interests)<sup>(d)(f)</sup> | North America | 12/13/2024 | 2841782 | 2849028 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Starwood Global Opportunity Fund VII-B, L.P.<sup>(d)</sup> | North America | 3/28/2024 | 358814 | 475947 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StepStone International Investors III, L.P. | Europe | 4/5/2024 | 5642 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Strategic Value SH 130-A, L.P.<sup>(d)(e)</sup> | North America | 12/13/2024 | 20982131 | 22760517 | 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;Summit Partners Credit Fund II, L.P.<sup>(e)</sup> | North America | 3/28/2024 | 1929848 | 1930144 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Summit Partners Private Equity Fund VII-A, L.P.<sup>(d)</sup> | North America | 10/3/2023 | 85311 | 88758 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Sycamore Partners III-A, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 27503633 | 36555057 | 1.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;TCW/Crescent Mezzanine Partners VB, L.P.<sup>(d)</sup> | North America | 10/10/2023 | 308 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;TH Lee Putnam Ventures Liquidation Trust<sup>(d)</sup> | North America | 3/28/2024 | 43907 | 26860 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;The Fifth Cinven Fund<sup>(d)</sup> | Europe | 6/30/2025 | 8970450 | 14654331 | 0.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;The Fourth Cinven Fund<sup>(d)</sup> | Europe | 6/30/2025 | 22491 | 61503 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;The Seventh Cinven Fund<sup>(d)</sup> | Europe | 6/30/2025 | 19926916 | 24090811 | 0.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;The Sixth Cinven Fund<sup>(e)</sup> | Europe | 6/30/2025 | 21752861 | 25916952 | 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;The Third Cinven Fund Trust<sup>(d)</sup> | Europe | 6/30/2025 | 392119 | 722598 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;The Veritas Capital Fund V, L.P<sup>(e)</sup> | North America | 9/30/2024 | 5414012 | 5208372 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;THL Fund IX Investors (Star II), L.P.<sup>(d)</sup> | North America | 9/29/2023 | 997687 | 1250049 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Thoma Bravo Fund XI-A, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 6016963 | 7660762 | 0.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Thoma Bravo Special Opportunities Fund II-A, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 8573961 | 11245833 | 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;Thomas H. Lee Equity Fund VII, L.P.<sup>(d)(e)</sup> | North America | 9/29/2023 | 215483 | 248112 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Thomas H. Lee Parallel (Cayman) Fund VII, L.P.<sup>(d)(e)</sup> | North America | 9/30/2024 | 2822713 | 4630525 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Thomas H. Lee Parallel Fund VIII, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 3704596 | 4249965 | 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Thomas Weisel India Opportunity Fund, L.P.<sup>(d)(e)</sup> | North America | 1/12/2024 | 999444 | 881566 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Towerbrook TMX Continuation Fund, L.P.<sup>(e)</sup> | North America | 6/13/2023 | 10174134 | 15033985 | 0.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Asia V, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 242274 | 861680 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Healthcare Partners, L.P.<sup>(d)(e)</sup> | North America | 9/30/2023 | 2915622 | 3785481 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Partners IV, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 29744 | 61141 | 0.00 %<sup>(g)</sup> |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Partners V, L.P.<sup>(d)</sup> | North America | 12/29/2023 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;–% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Partners VI, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 2851174 | 4723338 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Partners VII, L.P.<sup>(e)</sup> | North America | 4/1/2022 | 4170211 | 4424116 | 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Partners VIII, L.P.<sup>(e)</sup> | North America | 12/29/2023 | 23336440 | 31332690 | 1.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;TPG Star, L.P.<sup>(d)</sup> | North America | 9/30/2023 | 99931 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Trident IV, L.P.<sup>(d)</sup> | North America | 10/2/2023 | 226 |  | &nbsp;&nbsp;&nbsp;&nbsp;– % |
| &nbsp;&nbsp;&nbsp;&nbsp;Trident V, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 1687646 | 2144934 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Trident VI Parallel Fund, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 10060835 | 12770787 | 0.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;Trilantic Capital Partners Prime (North America) L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 4241476 | 6927726 | 0.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;VantagePoint Venture Partners IV (Q), L.P.<sup>(d)</sup> | North America | 3/28/2024 | 65112 | 72842 | 0.00 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Vector Capital IV, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 1601878 | 2098494 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Vector Capital VI, L.P.<sup>(e)</sup> | North America | 4/22/2025 | 194520 | 227495 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;VIP III Feeder LP<sup>(e)</sup> | Europe | 9/6/2024 | 17800897 | 22852931 | 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;VIP III LP<sup>(e)</sup> | Europe | 9/24/2024 | 3945925 | 5045015 | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;VIP V Feeder S.C.Sp.<sup>(e)</sup> | Europe | 10/16/2024 | 1785507 | 1700388 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Vista Equity Partners Fund V, L.P.<sup>(e)</sup> | North America | 4/1/2022 | 21400638 | 19391782 | 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;Vista Equity Partners Fund V-A, L.P.<sup>(e)</sup> | North America | 3/31/2025 | 6265655 | 7490441 | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;Vista Equity Partners Fund VI-A, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 5160485 | 6050466 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Vista Equity Partners Hubble L.P<sup>(e)</sup> | North America | 3/3/2025 | 1491817 | 1233469 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Vista Foundation Fund IV-A, L.P.<sup>(d)(e)</sup> | North America | 3/31/2025 | 5166766 | 5817139 | 0.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;VPC Fund II, L.P.<sup>(e)</sup> | North America | 1/12/2024 | 923961 | 814202 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Warburg Pincus Global Growth, L.P.<sup>(e)</sup> | North America | 12/29/2023 | 20861020 | 31543867 | 1.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;Warburg Pincus Jovian GG, L.P.<sup>(e)</sup> | North America | 12/17/2024 | 1897335 | 2530213 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Warburg Pincus Private Equity X, L.P.<sup>(d)</sup> | North America | 1/2/2025 | 419814 | 1016535 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warburg Pincus Private Equity XII, L.P. | North America | 12/30/2022 | 35277928 | 44784140 | 1.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;WE Strategic Partners SPE-A, L.P.<sup>(d)</sup> | North America | 3/31/2023 | 21732687 | 25413089 | 0.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;WestView Capital Partners III, L.P.<sup>(d)(e)</sup> | North America | 6/30/2025 | 2423623 | 2852393 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Z Capital Partners II, L.P.<sup>(d)(e)</sup> | North America | 12/29/2023 | 19602110 | 13757878 | 0.45% |
| ***Total Secondary Investments*** |  |  | $**2805081562** | $**3411053104** |  |
| **Total Private Assets** |  |  | $**2935343329** | $**3559968578** |  |
| **Short-Term Investments - 0.47%** |  | **Shares** | **Cost** | **Fair Value** | **Percentage of**<br> **Net Assets** |
| ***Money Market Fund - 0.47%*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund, Institutional Class, 4.21%<sup>(h)</sup> |  | 14386700 | 14386700 | 14386700 | 0.47% |
| ***Total Money Market Fund*** |  |  | **14386700** | **14386700** |  |
| ***Total Short-Term Investments*** |  |  | $**14386700** | $**14386700** |  |
| **Total Investments - 115.76%** |  |  | $**2949730029** | $**3574355278** |  |
| **Liabilities in Excess of Other Assets - (15.76%)** | **Liabilities in Excess of Other Assets - (15.76%)** |  |  | **(486714900)** |  |
| **Net Assets - 100.00%** |  |  |  | $**3087640378** |  |

---

*<sup>(a)</sup>* *In the case of Private Assets, geographic region generally refers to where the general partner is headquartered and may be different from where a Private Asset invests or operates.*

*<sup>(b)</sup>* *The focus of this investment class is on buyout investments.*

*<sup>(c)</sup>* *Investments have no redemption provisions, are issued in private placement transactions and are restricted as to resale. Total fair value of restricted securities amounts to $3,559,968,577, which represents approximately 113.12% of the Fund's net assets as of June 30, 2025.*

*<sup>(d)</sup>* *Non-income producing security.*

*<sup>(e)</sup>* *Additional capital has been committed but has not been fully funded by the Fund at June 30, 2025. See Note 3 for total unfunded investment commitments.*

*<sup>(f)</sup>* *Investments whose values were determined using significant unobservable inputs (Level 3) (See Note 3 to the consolidated financial statements).*

*<sup>(g)</sup>* *Rounds to less than 0.005%.*

*<sup>(h)</sup>* *The rate shown is the annualized 7-day yield as of June 30, 2025.*

**ORGANIZATION** 

Ares Private Markets Fund (the "Fund") was organized as a Delaware statutory trust on July 28, 2021 and commenced operations on April 1, 2022. The Fund is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a closed-end, non-diversified, management investment company. The Fund currently offers three separate classes of shares of beneficial interest designated as Class A, Class D, and Class I shares ("Shares"). Each class of Shares is subject to different fees and expenses. The Fund's investment objective is to seek attractive long-term capital appreciation. In pursuing its investment objective, the Fund invests in an actively managed portfolio of private equity and other private assets (collectively, "Private Assets"). The Fund may gain access to Private Assets through a number of different approaches, including: (i) secondary purchases of interests in private equity and other private asset funds managed by unaffiliated asset managers ("Portfolio Funds"), including through privately negotiated transactions, from investors in a Portfolio Fund or directly from the Portfolio Fund ("Secondary Investments"); (ii) primary investments in Portfolio Funds ("Primary Investments"); and (iii) direct investments in the equity or debt of private companies, including investments alongside private equity firms ("Direct Investments/Co-Investments"). The Fund invests principally in Secondary Investments and, to a lesser degree, in Primary Investments and Direct Investments/Co-Investments, although the allocation among those types of investments may vary from time to time. The Fund may also invest a portion of its assets in a portfolio of liquid assets, including cash and cash equivalents, and may invest in liquid fixed-income securities and other credit instruments, and other investment companies, including exchange traded funds.

Ares Capital Management II LLC (the "Adviser"), a wholly owned subsidiary of Ares Management Corporation, is responsible for the day-to-day management of the Fund's assets. Investments in the Fund may be made only by eligible investors that are both "accredited investors" as defined in Section 501(a) of Regulation D under the Securities Act and "qualified clients" as defined in Rule 205-3 under the Investment Advisers Act of 1940, as amended.

**SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Basis of Presentation**

The following is a summary of significant accounting policies followed by the Fund in preparation of its financial statements. The policies are in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Fund is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 946, Investment Companies.

Consolidation of Subsidiaries – The consolidated financial statements of the Fund include Ares Landmark Private Markets Fund-D, LLC, Ares Landmark Private Markets Fund-D Blocker, LLC (the "Sub-Fund"), Ares Private Markets Fund Blocker, LLC, and Ares Private Markets Fund-ND, LLC (the "Sub-Fund ND"), all wholly-owned subsidiaries of the Fund. As of June 30, 2025, the total value of Portfolio Funds held by the subsidiaries was $3,454,341,102, $0, $0, and $105,627,476, respectively, or approximately 111.9%, 0.0%, 0.0%, and 3.4%, respectively, of the Fund's net assets.

Use of Estimates – 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. The Fund believes that these estimates utilized in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates.

Income Taxes – The Fund has elected to be treated for U.S. federal income tax purposes, and intends to continue to qualify annually, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code").

Cash – Cash consists of monies held (including foreign currency) in a non-interest bearing account at UMB Bank, N.A. Such amounts, at times, may exceed federally insured limits. The Fund has not experienced any losses in such accounts and does not believe it is exposed to any significant credit risk on such accounts. There are no restrictions on the cash held by the Fund.

Valuation – The Fund values its investments monthly at fair value consistent with the principles of ASC Topic 820-10, Fair Value Measurements and Disclosures ("ASC 820-10"). The Fund has formal valuation policies and procedures (the "Valuation Procedures"), which have been approved by the Fund's Board of Trustees (the "Board"). The Adviser was designated as the Valuation Designee (the "Valuation Designee") for the Fund pursuant to Rule 2a-5 under the 1940 Act. The Adviser's valuation team is responsible for monitoring developments that may impact fair valued securities. The Fund uses net asset value ("NAV") as a practical expedient to determine the fair value of its investments in Portfolio Funds. Ordinarily, the fair value of a Portfolio Fund held by the Fund is based on the NAV of that Portfolio Fund reported by its investment manager. If the Adviser determines that the most recent NAV reported by the investment manager of a Portfolio Fund does not represent the fair value or if the investment manager of a Portfolio Fund fails to report a NAV to the Fund, a fair value determination is made by the Adviser with oversight from the Board in accordance with the Fund's valuation procedures. This includes adjusting the previous NAV provided by an investment manager with other relevant information available at the time the Fund values its portfolio, including capital activity and events occurring between the reference dates of the investment manager's valuation and the relevant valuation date, to the extent that the Adviser is aware of such information. For investments that do not have readily determinable fair values and for which it is not possible to use NAV as a practical expedient, the Adviser will review and value such investments using one or more of the following types of analyses:

Market comparable statistics and public trading multiples discounted for illiquidity, minority ownership and/or other factors for investments with similar characteristics.

Discounted cash flow analysis, including a terminal value or exit multiple.

The cost of the investment, if the cost is determined to best approximate the fair value of the investment.

Valuations implied by third-party investment in similar assets or issuers.

Investments in the Fund's portfolio that do not have a readily available market quotations are valued at fair value as determined in good faith by the Valuation Designee as described herein. As part of the valuation process for investments that do not have readily available market quotations, the Valuation Designee may take into account the following types of factors, if relevant, in determining the fair value of the Fund's investments: the enterprise value of a portfolio company (the entire value of the portfolio company to a market participant, including the sum of the values of debt and equity securities used to capitalize the enterprise at a point in time), the nature and realizable value of any collateral, the portfolio company's ability to make payments and its earnings and discounted cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company's securities to any similar publicly traded securities, changes in the interest rate environment and the credit markets, which may affect the price at which similar investments would trade in their principal markets and other relevant factors. When an external event such as a purchase transaction, public offering or subsequent sale occurs, the Valuation Designee considers the pricing indicated by the external event to corroborate its valuation.

Short-term Investments – Short-term investments represent investments in money market instruments and money market mutual funds, and are recorded at NAV per share which approximates fair value. Money market instruments are high quality, short-term fixed-income obligations, which generally have remaining maturities of one year or less and may include U.S. Government securities, commercial paper, certificates of deposit and bankers' acceptances issued by domestic branches of U.S. banks that are members of the Federal Deposit Insurance Corporation, and repurchase agreements. There are no restrictions on the short-term investments held by the Fund.

Income Recognition and Expenses – Income is recognized on an accrual basis as earned. Expenses are recognized on an accrual basis as incurred. Distributions from Portfolio Funds occur at irregular intervals and the exact timing of the distributions cannot be determined. The classification of distributions received, including return of capital, realized gains and dividend income, is based on information received from the investment manager of the Portfolio Fund. The change in unrealized appreciation on investments and foreign currency translation within the Consolidated Statement of Operations includes the Fund's share of unrealized gains and losses, realized undistributed gains and losses and the undistributed net investment income or loss on investments for the relevant period.

Shareholders' Allocation – The Fund currently offers Class A, Class D and Class I shares. Realized and unrealized gains and losses and net investment income, excluding class specific expenses, if any, are allocated to each class of common share based upon the relative proportion of net assets of each class. Differences in per share distributions by class are generally due to differences in class specific expenses.

Dividends and Distributions – Dividends and distributions to shareholders, if any, are recorded on the ex-dividend date. Income dividends and capital gains distributions are determined in accordance with federal tax regulations and may differ from those determined in accordance with U.S. GAAP. To the extent these differences are permanent, such amounts are reclassified within the capital accounts based on their federal tax basis treatment; temporary differences do not require such reclassification.

Foreign Currency – Assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the rate of exchange of such currencies against U.S. dollars on the date of valuation. Purchases and sales of investments and income and expenses are translated at the rate of exchange quoted on the respective date that such transactions are recorded. The Fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of investments held. Such fluctuations are included with the net realized gain/(loss) and change in unrealized appreciation/(depreciation) from Private Assets in the Consolidated Statement of Operations.

Segment Reporting - In accordance with FASB Accounting Standards Update 2023-07, "Segment Reporting (Topic 280) - Improvement to Reportable Segment Disclosures" ("ASU 2023-07"), the Fund has determined that it has a single operating and reporting segment. As a result, the Fund's segment accounting policies are the same as described herein and the Fund does not have any intra-segment sales or transfers of assets.

Recently Issued Accounting Pronouncements - In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 requires disclosure of disaggregated income taxes paid in both U.S. and foreign jurisdictions, prescribes standard categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and the amendments in this update should be applied on a prospective basis, though retrospective adoption is permitted. The Adviser is currently evaluating the impact of this guidance on the Fund's consolidated financial statements.

**FAIR VALUE MEASUREMENTS**

The Fund follows the provisions of ASC 820-10, which among other matters, requires enhanced disclosures about investments that are measured and reported at fair value. ASC 820-10 defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosure of fair value measurements. ASC 820-10 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. ASC 820-10 requires the Fund to assume that the portfolio investment is sold in its principal market to market participants or, in the absence of a principal market, the most advantageous market, which may be a hypothetical market. Market participants are defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820-10, the Fund has considered its principal market as the market in which the Fund exits its portfolio investments with the greatest volume and level of activity. ASC 820-10 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. In accordance with ASC 820-10, these inputs are summarized in the three broad levels listed below:

The three-tier hierarchy of inputs is summarized below:

Level 1 – Inputs that reflect unadjusted quoted prices in active markets for identical financial instruments that the reporting entity has the ability to access at the measurement date.

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the financial instrument, either directly or indirectly. Level 2 inputs also include quoted prices for similar assets and liabilities in active markets, and quoted prices for identical or similar assets and liabilities in markets that are not active.

Level 3 – Significant unobservable inputs for the financial instrument (including management's own assumptions in determining the fair value of investments).

Investments in Portfolio Funds are recorded at fair value, using the Portfolio Funds' net asset value as a "practical expedient," in accordance with ASC 820-10.

Investments in Portfolio Funds generally are restricted securities that are subject to substantial holding periods and are not traded in public markets. Accordingly, the Fund may not be able to resell or realize some of its investments for extended periods, which may be several years. The types of Portfolio Funds that the Fund may make investments in include Primary and Secondary Investments.

The fair value relating to certain underlying investments of these Portfolio Funds, for which there is no public market, has been estimated by the respective Portfolio Funds' management and is based upon available information in the absence of readily ascertainable fair values and does not necessarily represent amounts that might ultimately be realized. Due to the inherent uncertainty of valuation, those estimated fair values may differ significantly from the values that would have been used had a public market for the investments existed. These differences could be material.

The Fund may also make Direct Investments/Co-Investments, which may include debt and/or equity securities issued by operating companies and are typically made as investments alongside a private equity fund.

The Fund's portfolio investments classified as Level 3 are typically valued using two different valuation techniques. The first valuation technique is an analysis of the enterprise value ("EV") of the portfolio company. EV means the entire value of the portfolio company to a market participant, including the sum of the values of debt and equity securities used to capitalize the enterprise at a point in time. The first method for determining EV uses a multiple analysis whereby appropriate multiples are applied to the portfolio company's EBITDA (generally defined as net income before net interest expense, income tax expense, depreciation and amortization). EBITDA multiples are typically determined based upon review of market comparable transactions and publicly traded comparable companies, if any. The Valuation Designee may also employ other valuation multiples to determine EV, such as revenues. The Valuation Designee may also use industry specific valuation analyses to determine EV, such as capitalization rate analysis used in the real estate industry. The second method for determining EV uses a discounted cash flow analysis whereby future expected cash flows of the portfolio company are discounted to determine a present value using estimated discount rates (typically a weighted average cost of capital based on costs of debt and equity consistent with current market conditions). The EV analysis is performed to determine the value of equity investments, the value of debt investments in portfolio companies where the Fund has control or could gain control through an option or warrant security, and to determine if there is credit impairment for debt investments. If debt investments are credit impaired, an EV analysis may be used to value such debt investments; however, in addition to the methods outlined above, other methods such as a liquidation or wind down analysis may be utilized to estimate EV. The second valuation technique is a yield analysis, which is typically performed for non-credit impaired debt investments in portfolio companies where the Fund does not own a controlling equity position. To determine fair value using a yield analysis, a current price is imputed for the investment based upon an assessment of the expected market yield for a similarly structured investment with a similar level of risk. In the yield analysis, the Valuation Designee considers the current contractual interest rate, the maturity and other terms of the investment relative to risk of the company and the specific investment.

The following table is a summary of information about the levels within the fair valuation hierarchy at which the Fund's investments are measured as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Direct Investments/Co-Investments | $– | $– | $10000000 | $10000000 |
| Secondary Investments | $– | $– | $101787858 | $101787858 |
| Short-Term Investments | $14386700 | $– | $– | $14386700 |
| Total | $14386700 | $– | $111787858 | $126174558 |

---

The Fund held Portfolio Funds with a fair value of $3,448,265,272, that in accordance with ASC 820-10, are excluded from the fair value hierarchy as of June 30, 2025, as investments in Portfolio Funds valued at net asset value, as a "practical expedient", are not required to be included in the fair value hierarchy.

A listing of Private Asset types held by the Fund and related attributes, as of June 30, 2025, are shown in the below table:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment<br> Category**  | **Investment Strategy** | **Fair Value** | **Unfunded Commitments** | **Redemption<br> Frequency\***  | **Notice Period <br> (In Days)** | **Redemption <br> Restrictions Terms\*\*** |
| Direct Investments/Co-Investments | Investments in an <br> operating company <br> alongside <br> other investors | $70858005 | $3055298 |  | N/A | Liquidity in the form of distributions from Private Asset investments |
| Primary Investments | Investments in <br> newly established <br> Portfolio Funds | 74601317 | 99213674 |  | N/A | Liquidity in the form of distributions from Private Asset investments |
| Secondary Investments | Investments in existing Private Assets that <br> are typically <br> acquired in privately negotiated transactions | 3414593808 | 1284920861 |  | N/A | Liquidity in the form of distributions from Private Asset investments |
| Totals |  | $3560053130 | $1387189833 |  |  |  |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *The information summarized in the table above represents the general terms for the specified investment type. Individual Private Asset investments may have terms that are more or less restrictive than those terms indicated for the investment type as a whole. In addition, most Private Asset investments have the flexibility, as provided for in their constituent documents, to modify and waive such terms.* |
| *<sup>\*\*</sup>* | *Distributions from Private Asset investments occur at irregular intervals, and the exact timing of distributions from Private Asset investments cannot be determined. It is estimated that distributions will generally occur over the life of the Private Asset investments.* |

---

The following table summarizes the significant unobservable inputs used to value the Fund's investments categorized within Level 3 as of June 30, 2025. The table is not intended to be all-inclusive, but instead to capture the significant unobservable inputs relevant to the determination of fair values.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Category** | **Fair Value** | **Primary Valuation Techniques** | **Unobservable Inputs** | **Estimated Range** | **Weighted Average**<sup>(a)</sup>** |
| Direct Investments/Co-Investments | $10000000 | EV Market Multiple Analysis | Revenue Multiple | 11.1x | 11.1x |
| Secondary Investments | $101787858 | EV Market Multiple Analysis | Revenue Multiple | 2.2x -12.0x | 10.3x |
| Total Level 3 Investments | $111787858 |  |  |  |  |

---

*<sup>(a)</sup>* *Unobservable inputs were weighted by the relative fair value of investments.*

Changes in revenue multiples, each in isolation, may change the fair value of certain of the Fund's investments. Generally, a decrease in revenue multiples may result in a decrease in the fair value of certain of the Fund's investments.

The following table is a reconciliation of the Fund's investments in which significant unobservable inputs (Level 3) were used in determining fair value for the period ended June 30, 2025:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Category** | **Balance as of March 31, 2025** | **Realized Gain/[Loss]** | **Change in**<br> **Unrealized Appreciation/**<br> **Depreciation**  | **Purchases** | **Sales** | **Transfer into**<br> **Level 3** | **Transfer Out of Level 3** | **Balance as of June 30, 2025** | **Net change in**<br> **unrealized appreciation/**<br> **[depreciation] included**<br> **in the Consolidated**<br> **Statement of Operations**<br> **attributable to Level**<br> **3 investments held**<br> **at June 30, 2025** |
| Direct Investments/Co-Investments | $– | $– | $– | $10000000 | $– | $– | $– | $10000000 | $– |
| Secondary Investments | 100061687 | – | 1726171 | – | – | – | – | 101787858 | 1726171 |
|  | $100061687 | $– | $1726171 | $10000000 | $– | $– | $– | $111787858 | $1726171 |

---

**RISK FACTORS**

General Investment Risks. There is no assurance that the investments held by the Fund will be profitable, that there will be proceeds from such investments available for distribution to shareholders, or that the Fund will achieve its investment objective. An investment in the Fund is speculative and involves a high degree of risk.

Management Risk. The Fund is subject to management risk because it is an actively managed investment portfolio. The Adviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these will produce the desired results. The Fund may be subject to a relatively high level of management risk because the Fund invests in Private Assets. The Fund's allocation of its investments across Portfolio Funds, Direct Investments and other portfolio investments representing various strategies, geographic regions, asset classes and sectors may vary significantly over time based on the Adviser's analysis and judgment. It is possible that the Fund will focus on an investment that performs poorly or underperforms other investments under various market conditions.

Closed-End Fund Structure; Liquidity Limited to Periodic Repurchases of Shares. An investment in the Fund, unlike an investment in a traditional listed closed-end fund, should be considered illiquid. The Shares are appropriate only for investors who are comfortable with investment in less liquid or illiquid portfolio investments within an illiquid fund. Unlike open-end funds (commonly known as mutual funds), which generally permit redemptions on a daily basis, the Shares will not be redeemable at a shareholder's option. Unlike stocks of listed closed-end funds, the Shares are not listed, and are not expected to be listed, for trading on any securities exchange, and the Fund does not expect any secondary market to develop for the Shares in the foreseeable future.

Restrictions on Transfers. Transfers of Shares may be made only with consent of the Fund, which may be withheld in the Fund's sole discretion. Notice to the Fund of any proposed transfer must include evidence satisfactory to the Fund that the proposed transferee, at the time of transfer, meets any requirements imposed by the Fund with respect to investor eligibility and suitability.

Non-Diversified Status. The Fund is a "non-diversified" investment company for purposes of the 1940 Act, which means it is not subject to percentage limitations under the 1940 Act on assets that may be invested in the assets of any one issuer. Having a larger percentage of assets in a smaller number of issuers makes a non-diversified fund, like the Fund, more susceptible to the risk that one single event or occurrence can have a significant adverse impact upon the Fund.

Valuation Risk. The Fund is subject to valuation risk, which is the risk that one or more of the securities in which the Fund invests are valued at prices that the Fund is unable to obtain upon sale due to factors such as incomplete data, market instability, human error, or, with respect to securities for which there are no readily available market quotations, the inherent difficulty in determining the fair value of certain types of investments. The Adviser may, but is not required to, use an independent pricing service or prices provided by dealers to value securities at their market value. Because the secondary markets for certain investments may be limited, such instruments may be difficult to value.

A substantial portion of the Fund's assets consist of Portfolio Funds and Direct Investments for which there are no readily available market quotations. The information available in the marketplace for such companies, their securities and the status of their businesses and financial conditions is often extremely limited, outdated and difficult to confirm. Accordingly, because there is not a readily available market value for most of the investments in the Fund's portfolio, substantially all of the Fund's portfolio investments are valued at fair value as determined in good faith by the Adviser, as the Valuation Designee, in accordance with the Adviser's valuation policies and procedures and subject to oversight of the Board.

The value at which the Fund's investments can be liquidated may differ, sometimes significantly, from the valuations assigned by the Fund. In addition, the timing of liquidations may also affect the values obtained on liquidation. The Fund invests a significant amount of its assets in Private Assets for which no public market exists. There can be no guarantee that the Fund's investments could ultimately be realized at the Fund's valuation of such investments.

The Fund's net asset value is a critical component in several operational matters including computation of the Advisory Fee, the Incentive Fee and the Distribution and Servicing Fee, and determination of the price at which the Shares will be offered and at which a repurchase offer will be made. Consequently, variance in the valuation of the Fund's investments will impact, positively or negatively, the fees and expenses shareholders will pay, the price a shareholder will receive in connection with a repurchase offer and the number of Shares an investor will receive upon investing in the Fund.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Ares Private Markets Fund

- **b. Investment Company Act file number:** 811-23727

- **c. CIK number of Registrant:** 0001876006

- **d. LEI of Registrant:** 54930051YXS5JRICQ134

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

  - **Street Address 1:** 245 PARK AVENUE 44TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10167

  - **Telephone number:** 2127507300

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

- **a. Name of Series:** Ares Private Markets Fund

- **c. LEI of Series:** 54930051YXS5JRICQ134

**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:** $3611007504.83

**Total Liabilities:** $463816259.57

**Net Assets:** $3147191245.26

**Cash Not Reported:** $49226235.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.03%               | 1.01%                | 2.10%                |
| Class ID N/A | -0.11%               | 0.97%                | 2.03%                |
| Class ID N/A | -0.06%               | 0.99%                | 2.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2537911.30              | $23574741.01                               |
| Month 2  | $6301534.95              | $35222719.61                               |
| Month 3  | $65445622.04             | $81049159.90                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A                                            | Blackstone Infrastructure Partners IRH-G L.P.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $21768752.00  | 0.69%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Stepstone International Investors III, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | North Haven Capital Partners W50 CV L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $14030019.89  | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Linden Structured Capital Fund II-A LP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2395281.14   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Partners VIII, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3120951.95   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Onex Partners Opportunity Fund LP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $-42679.32    | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain Partners VII LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1648096.27   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Darwin Private Equity I LP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $139540.12    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | APH Extended Value Fund H LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $88019178.93  | 2.80%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Veritas Capital Fund IX, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $-41872.00    | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | AEA Investors 2006 Fund L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $61708.38     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Trident VI Parallel Fund, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $12770787.39  | 0.41%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vista Equity Partners Hubble L.P                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1233469.00   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charterhouse Capital Partners X, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $4770715.14   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Nautic Partners VI, L.P.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $36490.71     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Green Equity Investors CF IV J, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VIII, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4574584.72   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clayton, Dubilier & Rice Fund X, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $414816.36    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CVC European Equity Partners IV, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $559.99       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners VI L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $95892.90     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TCW/Crescent Mezzanine Partners VB, L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CVC Capital Partners Asia Pacific III, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $92920.15     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charlesbank Equity Fund VIII, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $31067871.14  | 0.99%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CVC European Equity Partners IV, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $56188.22     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charlesbank Equity Fund X, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $18783585.30  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vista Foundation Fund IV-A, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5817138.55   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | LLCP LMM Acquisition Fund, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $17314165.09  | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TH Lee Putnam Ventures Liquidation Trust                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $26859.71     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Warburg Pincus Private Equity X, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1016535.33   | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain Partners V, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7430924.82   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BC European Capital IX - 2 LP                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $8512336.33   | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Lake Partners IV, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $14355032.75  | 0.46%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax XI USD L.P.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1154367.55   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Thomas H. Lee Parallel (Cayman) Fund VII, L.P.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4630524.78   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Catterton Partners VII, L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11813737.69  | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Linden Opportunities Fund L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $9704502.21   | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | North Texas Opportunity Fund, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners IV, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2798.87      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blue Owl GP Stakes V US Investors LP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $53200632.78  | 1.69%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Cup Holdings V, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1163445.95   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Affinity Asia Pacific Fund III (No. 2) L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $559138.13    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Haveli Investments Software Fund I, L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3256071.82   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Sixth Cinven Fund                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GG        |  | OU      | $20820302.80  | 0.66%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CVC European Equity Partners V (C) L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $449383.86    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Advent International GPE V-C Limited Partnership                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Barley (No.1) Limited Partnership                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $982786.51    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain Partners III, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2991029.09   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Onex Partners III LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $10276001.80  | 0.33%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Rader Reinfrank Investors, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clayton, Dubilier & Rice Fund VIII, L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $22052.73     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | AEA Fund VII, LP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1129018.00   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR North America Fund XI, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1923959.31   | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Bridgepoint Europe IV E                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $81044.45     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Crestview Partners II, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4180525.66   | 0.13%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Pacific Equity Partners Supplementary Fund IV, L.P.                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | AU        |  | OU      | $37264.30     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners V L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $769.81       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CPE Private Equity L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $7831.44      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Adams Street 2018 Global Fund LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $291269.82    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Starwood Global Opportunity Fund VII-B, L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $475946.49    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax Europe VII - B, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $3546715.02   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Audax Private Equity Fund, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $34984.54     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Fourth Cinven Fund                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $61502.86     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | GenNx360 Capital Partners, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | HCI Equity Partners EV I, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $18056260.46  | 0.57%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | DFW Capital Partners V, L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11874163.85  | 0.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Insight Partners Coinvestment Fund III                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $99398.48     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VII, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $472725.09    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Onex Partners IV, LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2217636.75   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Exponent Private Equity Partners, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | IE        |  | OU      | $43516.71     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VII L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3570477.11   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vista Equity Partners Fund V-A, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7490441.00   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Essex Woodlands Health Ventures Fund VI, L.P.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $282095.00    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR Indigo Equity Partners A L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1032333.21   | 0.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | CD&R Fund VIII Wilsonart-A, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $42633.49     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Bridgepoint Growth II B LP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $1694398.65   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Canterbury Consulting PC Fund II (B), LP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $563663.60    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners IV L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $804.00       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR Indigo Equity Partners B L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $14364880.32  | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | TPG Partners V, L.P.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | WE Strategic Partners SPE-A, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $25413088.71  | 0.81%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Sandler Capital Partners V, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1177351.61   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Polaris Venture Partners IV, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $103586.23    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VIII, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5983756.48   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | SkyKnight Capital II CV B, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $119326113.00 | 3.79%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Warburg Pincus Jovian GG, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2530212.97   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Mithras Capital Fund L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Energy Capital Partners Mezzanine Opportunities Fund, L.P.          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $500674.98    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Strategic Value SH 130-A, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $22760516.84  | 0.72%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VI, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3523660.50   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Aquiline Financial Services Fund V L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3635291.93   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | FTVentures III, L.P.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1420067.84   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Aquiline Financial Services Fund L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3995753.48   | 0.13%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Alteri Extended Value LP                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | JE        |  | OU      | $7915497.13   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | GSO Capital Opportunities Overseas Fund                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6394.37      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charterhouse Capital Partners X, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $318047.69    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Polaris Venture Partners V, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $96715.48     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CVC Capital Partners VII (A) L.P                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $4613367.58   | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | WestView Capital Partners III, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2852393.42   | 0.09%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Venture Partners VII, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $18665087.17  | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Avenue Real Estate Fund L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1385922.38   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apollo Investment Fund IX, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4897512.57   | 0.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Pacific Equity Partners Supplementary Fund IV, L.P.                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | AU        |  | OU      | $29811.47     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VIII, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6946619.16   | 0.22%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hunter Point Capital Investors (Onshore), L.P.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6671012.00   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Nordic Capital VIII Alpha, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | JE        |  | OU      | $2235740.39   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Crestview Partners, L.P.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1200336.27   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Lake Partners VII, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $10244706.33  | 0.33%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Nautic Partners V, LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4293.77      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Capvest Strategic Opportunities 3 SCSP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $30685657.00  | 0.98%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Advent Latin American Private Equity Fund VI-D LP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $2101384.36   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Asia V, L.P.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $861680.16    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Altor Fund V (No. 1) AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | SE        |  | OU      | $2682097.45   | 0.09%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Bridgepoint Europe IV A                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $1216222.12   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | MHR Institutional Partners III, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5370133.44   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Warburg Pincus Private Equity XII, L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $9286557.87   | 0.30%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Third Cinven Fund Trust                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $201938.16    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Advent International GPE VI-A Limited Partnership                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $1004039.71   | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VII L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $281862.16    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Green Equity Investors V                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $27847.36     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Summit Partners Credit Fund II, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1930143.58   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Venture Partners VIII, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $16467553.67  | 0.52%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Oak Hill Digital Opportunities Partners                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3151849.20   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Private Equity Access Fund I, LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Centerbridge Capital Partners III, L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3327289.84   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Lake Partners III, LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2675254.73   | 0.09%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Redmile BioPharma Investments III, LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $336642.22    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Mill Road Capital III, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4493278.48   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | PSG VI (Lux) S.C.Sp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $241952.00    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hamilton Lane Co-Investment Fund II, L.P.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $246636.94    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CVC European Equity Partners III L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $532375.38    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | First Reserve Fund XI, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GG        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Madison Dearborn Capital Partners VII, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7966717.32   | 0.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Advanced Technology Ventures VII, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $121077.14    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | SFW Capital Partners Fund, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Advent International GPE VI-A Limited Partnership                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1447260.55   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Thoma Bravo Special Opportunities Fund II-A, L.P.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11245832.94  | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners VIII, L.P.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $51603445.17  | 1.64%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | AXA IM Prime Genesis PE Secondaries Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $254424140.00 | 8.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Advent International GPE VI-A Limited Partnership                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $3618151.37   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Comvest Capital II, L.P.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $64471.11     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Primus Pacific Partners 1 L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1986144.00   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners V, L.P.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $-0.98        | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Altor Fund IV (No. 2) AB                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | SE        |  | OU      | $1476597.58   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Advent International GPE VII-E Limited Partnership                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $9043443.64   | 0.29%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax Europe VII - A, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | SE        |  | OU      | $1559038.27   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Trilantic Capital Partners Prime (North America) L.P.               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6927726.00   | 0.22%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners V L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CWC Fund I Co-Invest (AlTi) L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5696573.58   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Venture Partners VII, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1374574.69   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Constellation Wealth Capital Fund, L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6208065.49   | 0.20%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VI, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $37612781.33  | 1.20%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | SL SPV-2, L.P.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $14189247.82  | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners VI L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3817.48      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax US VII, L.P.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $768034.85    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charlesbank Equity Fund IX, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $37784129.90  | 1.20%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Canterbury Consulting SPFS Fund VIII (Onshore)                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $756706.07    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Altor Fund II (No. 1) Limited Partnership                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | SE        |  | OU      | $95091.97     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Arlington Capital Partners VI, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7364641.90   | 0.23%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Partners VII, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5738408.95   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Permira IV L.P.2                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $15257258.33  | 0.48%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BC XI Private Investor, L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1962424.95   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain Partners IV, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $194654.34    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Project Equity Company I (Mauritius) Limited                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | MU        |  | OU      | $99625.05     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners VIII, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7562086.25   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Green Equity Investors CF IV-C, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $44206820.00  | 1.40%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Partners VIII, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3094216.00   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Bain Capital Fund VII, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3032355.67   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners IX, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3436522.00   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CF24XB SCSp                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $58339521.00  | 1.85%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Form Capital II, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $406791.40    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Z Capital Partners II, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $13757877.58  | 0.44%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Green Equity Investors Side CF III-C, L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $26363013.00  | 0.84%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Bain Capital Beacon Holdings, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $58714678.32  | 1.87%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | HKW Capital Partners V, L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1595996.35   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Paddington Partners, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $45937734.36  | 1.46%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Permira V G.P. L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GG        |  | OU      | $262252.96    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners VII, L.P.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $3719584.11   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Sixth Cinven Fund                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GG        |  | OU      | $5096648.90   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain SRC Continuation Fund, L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $53466078.00  | 1.70%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Partners Continuation Fund (Cayman), L.P.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4368778.29   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VI, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2065058.17   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Partners V, L.P.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1144326.10   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Summit Partners Private Equity Fund VII-A, L.P.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $88757.84     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Cerberus Institutional Partners, L.P. (Series Four)                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $9689.30      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR Americas Fund XII (EEA), L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $607145.00    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Sycamore Partners III-A, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $36555056.97  | 1.16%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | VPC Fund II, L.P.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $814202.31    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BharCap Partners II-B, LP                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1841340.54   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clayton, Dubilier & Rice Fund IX, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $268268.59    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hildred Capital Co-Invest-REBA, LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $33583579.41  | 1.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Veritas Capital Fund V, L.P                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5208371.88   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain Partners IV, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11587001.27  | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | AEA Investors V LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $41149.17     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Lake Partners V, LP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $28221959.32  | 0.90%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners V L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $188601.81    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Europe Partners IV, L.P. (USD)                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1641271.47   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Signal Peak Ventures III, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1530607.79   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Permira VII L.P. 1                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $2533721.10   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Europe Partners III, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $106102.99    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Thomas H. Lee Equity Fund VII, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $248112.09    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Partners VI, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3572033.66   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Aquiline Financial Services Continuation Fund L.P                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $25885641.75  | 0.82%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | FinEquity Holdings, LLC (13 shares class A common interests)        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        | 97218099  | OU      | $98938829.83  | 3.14%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                            | Medley Opportunity Fund II L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3135.80      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | MHR Institutional Partners II- A, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4908815.49   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Saybrook Corporate Opportunity Fund, L.P.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clarity Partners, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1317.12      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vista Equity Partners Fund V, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $17561816.28  | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | BSP Solstice Investors L.P. (BCE)                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $260937576.04 | 8.29%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax Europe VI-A, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $5265324.64   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Kayne Anderson Energy Fund VI, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1741.71      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Audax Mezzanine Fund III, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $37673.14     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Real Estate Partners IV L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax VIII - B, L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3207391.69   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | VIP V Feeder S.C.Sp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $2415547.56   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Montagu V (US) L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $12758097.98  | 0.41%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BSP Summer Investors L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11333784.99  | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Altas Partners Holdings II LP                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1154560.88   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Gryphon Partners IV, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $254254.12    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BSP Solstice Investors L.P. (AD)                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $254522391.00 | 8.09%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Onex Partners IV, LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $21459939.20  | 0.68%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Platinum Equity Capital Partners I                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $351657.72    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Kelso Investment Associates VII, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1968.99      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | CD&R Value Building Partners I, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $193162.67    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BF Garden Corporate Tax Credit Fund XII L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $208103.61    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | NCP Fund II-A, LP                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5113025.00   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Lake Partners IV, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $49890449.85  | 1.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Pacific Equity Partners Fund IV, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | AU        |  | OU      | $71183.51     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Centerbridge Capital Partners, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Oaktree Opportunities Fund IX (Cayman), L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3600015.08   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Mill Road Capital, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $885330.37    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax Europe VI-A, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $60281.41     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | NCP Fund I, LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $8299637.59   | 0.26%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Industri Kapital 2007 Limited Partnership II                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $56590.55     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Trident V, L.P.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2144934.12   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Bridgepoint Credit Opportunities II, L.P.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | FR        |  | OU      | $292030.02    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VIII, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5494643.16   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | EnCap Energy Capital Fund IX-D, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $49912.16     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Framework Ventures III L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $687060.05    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Partners Coinvestment Fund II                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $756924.86    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Star, L.P.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Levine Leichtman Capital Partners IV, L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $788747.53    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Leaf Ventures I, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $14646.18     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Kohlberg Investors X, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3451133.13   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners VII-A L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $22200631.53  | 0.71%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Star, L.P.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $-0.82        | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Communications Partners I L.P.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $18776.02     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KWOL Co-Invest, L.P.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $13472757.00  | 0.43%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners VIII, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1102571.65   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners IV L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $110616.35    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | FUSE Venture Partners Alpha I, LP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $413276.20    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | RiverRock European Opportunities Fund, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $64601.21     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Lorient Peregrine Investment, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $9996603.39   | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners IX, L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $90970780.44  | 2.89%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Healthcare Partners, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3785481.00   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vista Equity Partners Fund V, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1829966.00   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clayton, Dubilier & Rice Fund IX (Credit), L.P.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7776.12      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VIII, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $18891427.52  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Lindsay Goldberg - Attain L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $39218517.00  | 1.25%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners X, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $24508084.97  | 0.78%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Warburg Pincus Global Growth, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $31543866.63  | 1.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Real Estate Partners Europe III, L.P.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1768999.00   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | THL Fund IX Investors (Star II), L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1250048.48   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Melody Capital Partners Onshore Credit Fund, L.P.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1253545.56   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Livingbridge Enterprise 2 L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $3055879.11   | 0.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Apax VIII - B, L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2608965.11   | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Canterbury Consulting PC Fund II (A), L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $149018.95    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | SkyKnight Capital II CV A, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1055.00      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Levine Leichtman Capital Partners VII, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1502634.60   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hildred Perennial Partners I, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $35978315.10  | 1.14%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Fifth Cinven Fund                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GG        |  | OU      | $14654330.90  | 0.47%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | iCapital, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        | 10000000  | OU      | $9999999.71   | 0.32%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                            | VIP V Feeder S.C.Sp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $1700387.61   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Kelso Investment Associates VIII, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $119630.35    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Europe Partners II, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $70151.49     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Financial Technology Ventures II (Q), L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $43832.63     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Berkshire Fund VI, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2055046.21   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | RREF IV Debt Direct Domestic Investors, LP                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $732460.91    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charlesbank Equity Fund VI, Limited Partnership                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3473347.38   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Towerbrook TMX Continuation Fund, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $15033985.37  | 0.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Platinum Equity Capital Partners IV, L.P.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $20901419.74  | 0.66%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Hancock Park Capital III                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1699609.13   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Berkshire Fund VII, L.P.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1209056.15   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | New Mountain SRC Continuation Fund, L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3745998.00   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vector Capital VI, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $227495.44    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | 3i Europartners Vb L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clayton, Dubilier & Rice Fund X, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4174529.86   | 0.13%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Partners Continuation Fund II, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $29532163.25  | 0.94%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Clayton, Dubilier & Rice Fund XI, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5814333.29   | 0.18%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Thomas H. Lee Parallel Fund VIII, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $4249965.47   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax VIII - A, L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $7801820.95   | 0.25%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apax Europe VII - A, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $6985.92      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VI, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $955565.60    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Thoma Bravo Fund XI-A, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7660761.76   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Real Estate Partners VI, LP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11837.92     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Carlyle Partners VII, L.P                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3445019.25   | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KRG Capital Fund IV, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $615626.17    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Pacific Equity Partners Fund IV, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | AU        |  | OU      | $88978.99     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Kelso Investment Associates XI, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5392809.00   | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Partners Coinvestment Fund II                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $17313527.33  | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | VIP III Feeder LP                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $22852931.35  | 0.73%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Foundry Venture Capital 2007, L.P.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $78360.08     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Valeas Capital Partners Fund I-A LP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $12362520.00  | 0.39%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR European Fund II, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Searchlight Capital III, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1245647.42   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | NewVest PE50 2024 (Cayman), LP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $19030839.01  | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Providence Equity Partners (Unity) S.C.Sp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $11657173.37  | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apollo Overseas Partners VIII, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2319541.76   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Crescent Special Situations Fund (Investor Group), L.P.             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $116347.09    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Esprit Capital Fund No. 1 Limited Partnership                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Algebris NPL Partnership II S.C.S                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |  | OU      | $775658.90    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Mohr Davidow Ventures VIII, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $36994.24     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VI, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $242854.65    | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | Trident IV, L.P.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Thomas Weisel India Opportunity Fund, L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $881566.05    | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Charlesbank Equity Fund VII, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $102213.08    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Snow Phipps Group, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3799710.00   | 0.12%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apollo Investment Fund VIII, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $145965.03    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Warburg Pincus Private Equity XII, L.P.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $35497581.78  | 1.13%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Sixth Street Opportunities Partners III, L.P.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $26170.11     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Audax Private Equity Fund III, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $140901.39    | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Rubicon Continuation Fund L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $41331553.72  | 1.31%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Echo Co-Invest L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5000000.00   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund, Institutional Class | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        | 14386700  | NS      | $14386700.23  | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners X, L.P.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $55273232.05  | 1.76%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | ARDIAN Expansion Syclef Continuation Fund S.L.P                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | FR        |  | OU      | $21412950.37  | 0.68%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Alpine Investors VI, L.P.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $52981850.33  | 1.68%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Essex Woodlands Health Ventures Fund VII, L.P.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $163069.27    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners IV, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $58342.23     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners IX, L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | KY        |  | OU      | $58420511.62  | 1.86%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Montagu V L.P.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $5992144.15   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Boston Millennia Partners II Limited Partnership                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vector Capital IV, L.P.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2098493.79   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR Americas Fund XII (EEA), L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5684287.10   | 0.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | The Seventh Cinven Fund                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GG        |  | OU      | $24090810.62  | 0.77%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Hellman & Friedman Capital Partners VIII, L.P.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $30132365.66  | 0.96%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | EQT X (NO.2) USD SCSP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2107924.93   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Vista Equity Partners Fund VI-A, L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6050466.09   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Canterbury Consulting PC Fund I (A), LP                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1729713.61   | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | KKR Olympus Co-Invest L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3105095.21   | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Apollo Credit Opportunity Fund III, L.P.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $27128.72     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | The Third Cinven Fund Trust                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $520660.05    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Lovell Minnick Equity Partners VI LP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1761316.69   | 0.06%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Blackstone Capital Partners VI, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $12117416.42  | 0.39%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Insight Venture Partners VIII, L.P.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2341392.71   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Livingbridge 6 L.P.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $19570733.83  | 0.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | South Florida Motorsports LLC (13 shares class A common interests)  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        | 2841782   | OU      | $2849027.98   | 0.09%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                            | Bain Capital Fund XI, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1125714.00   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BC XII Private Investors, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $6522536.34   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Gryphon Partners 3.5, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $27319.77     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Onex Partners V LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $5841393.82   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | BSP Summer Investors (PMF) L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $11333778.99  | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Polaris Venture Partners V, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $466006.92    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | SkyKnight Capital Fund IV, L.P.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $2206953.63   | 0.07%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | VantagePoint Venture Partners IV (Q), L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $72842.32     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VI, L.P.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $1257.62      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Integrum Capital Partners L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $7351459.94   | 0.23%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | Silver Lake Partners VI, L.P.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $26939091.81  | 0.86%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                            | TPG Partners VII, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  | OU      | $3951391.28   | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                            | VIP III LP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  | OU      | $5045015.40   | 0.16%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

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

**Name of Applicant:** Ares Private Markets Fund

**Signature:** Vincent Britt

**Name of Signer:** Vincent Britt

**Title:** Vice President/Controller