# EDGAR Filing Document

**Accession Number:** 0001987990
**File Stem:** 0001193125-25-296022
**Filing Date:** 2025-11
**Character Count:** 172876
**Document Hash:** 2078dc0511e9baf755cf77009f0fa725
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-296022.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001193125-25-296022

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KKR US Direct Lending Fund-U Inc.
- **CENTRAL INDEX KEY:** 0001987990

**ORGANIZATION NAME:**
- **EIN:** 926676904
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23908
- **FILM NUMBER:** 251516948

**BUSINESS ADDRESS:**
- **STREET 1:** 555 CALIFORNIA STREET, 50TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 415.315.3620

**MAIL ADDRESS:**
- **STREET 1:** 555 CALIFORNIA STREET, 50TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KKR US Direct Lending Fund-U
- **DATE OF NAME CHANGE:** 20230731

## Nport-Ex

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

**Consolidated Schedule of Investments** 

**(Stated in United States Dollars, unless otherwise noted)** 

**(In thousands, except share data)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
|  **Senior Secured Loans - First Lien – 91.7%** | **Senior Secured Loans - First Lien – 91.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense – 1.1% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Inc | Revolver 1L 05/25 | SOFR + 4.50% | 5/20/2032 | $1995 | $399 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Inc | TL 1L 05/25 | SOFR + 4.50% | 5/20/2032 | 14263 | 14320 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Inc | TL 1L DD 05/25 | SOFR + 4.50% | 5/20/2032 | 2992 | 12 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics – 3.3% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | Revolver 1L 03/24 | SOFR + 5.75% | 3/8/2029 | 3598 | 2879 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L 03/24 (GBP) | SONIA + 5.75% | 12/14/2028 | 4786 | 6502 | (a) (b) (g) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L 03/24 Incremental | SOFR + 5.75% | 12/14/2028 | 34305 | 34648 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L 11/24 (Incremental) | SOFR + 5.75% | 12/14/2028 | 805 | 813 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L DD 03/24 | SOFR + 5.75% | 12/14/2028 | 1451 | 1466 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Application Software – 9.0% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flexera Software LLC | Revolver 1L 08/25 | SOFR + 4.75% | 8/16/2032 | 1685 | (2) | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flexera Software LLC | TL 1L 08/25 | SOFR + 4.75% | 8/16/2032 | 20777 | 20756 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flexera Software LLC | TL 1L 08/25 EUR | EURIBOR + 4.75% | 8/16/2032 | 6270 | 7354 | (b) (h) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Follett Software Co | Revolver 1L 04/25 | SOFR + 4.50% | 8/30/2030 | 891 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Follett Software Co | TL 1L 04/25 | SOFR + 4.50% | 8/29/2031 | 9538 | 9617 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | Revolver 1L 01/24 | SOFR + 5.25% | 1/17/2031 | 2282 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | TL 1L 01/24 (Unitranche) PIK | SOFR + 3.50% (2.25% PIK) | 1/17/2031 | 16497 | 16662 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | TL 1L DD 01/24 PIK | SOFR + 3.00% (2.25% PIK) | 1/17/2031 | 6128 | 6190 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | TL 1L DD 08/24 PIK | SOFR + 3.00% (2.25% PIK) | 1/17/2031 | 1410 | 14 | (a) (b) (c) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Misys Ltd | TL 1L 09/23 | SOFR + 7.25% | 9/13/2029 | 4085 | 4126 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personify Health Inc | TL 1L 11/23 PIK PIK | SOFR + 3.25% (3.00% PIK) | 11/8/2029 | 8917 | 8627 | (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sphera Solutions Inc | Revolver 1L 09/25 | SOFR + 4.50% | 9/24/2032 | 1773 | 337 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sphera Solutions Inc | TL 1L 09/25 | SOFR + 4.50% | 9/24/2032 | 13034 | 13001 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sphera Solutions Inc | TL 1L DD 09/25 | SOFR + 4.50% | 9/24/2032 | 2660 | (7) | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | Revolver 1L 02/25 | SOFR + 4.75% | 1/22/2029 | 1724 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | TL 1L 02/25 (Restated) | SOFR + 4.75% | 1/22/2029 | 15151 | 15296 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | TL 1L DD 02/25 (Amendment #1) | SOFR + 4.75% | 1/22/2029 | 1451 | 1465 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | TL 1L DD 02/25 (Restated) | SOFR + 4.75% | 1/22/2029 | 1187 | 1199 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vermont Information Processing Inc | Revolver 1L 12/24 | SOFR + 4.75% | 1/30/2032 | 751 | 250 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vermont Information Processing Inc | TL 1L 01/25 | SOFR + 4.75% | 1/30/2032 | 5992 | 5992 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vermont Information Processing Inc | TL 1L DD 01/25 | SOFR + 4.75% | 1/30/2032 | 2503 |  | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vitu | Revolver 1L 01/25 | SOFR + 4.50% | 1/6/2031 | 2367 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vitu | TL 1L 01/25 | SOFR + 4.50% | 1/6/2032 | 14529 | 14820 | (a) (b) |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Management & Custody Banks – 0.7% | &nbsp;&nbsp;&nbsp;&nbsp; Asset Management & Custody Banks – 0.7% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockefeller Capital Management LP | TL 1L 04/24 | SOFR + 4.75% | 4/4/2031 | $8376 | $8376 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockefeller Capital Management LP | TL 1L DD 12/24 | SOFR + 4.75% | 4/4/2031 | 2043 | 2043 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockefeller Capital Management LP | TL 1L DD 06/25 | SOFR + 4.75% | 4/4/2031 | 2524 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Cargo Ground Transportation – 1.0% | &nbsp;&nbsp;&nbsp;&nbsp; Cargo Ground Transportation – 1.0% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | Revolver 1L 05/23 | SOFR + 5.00% | 5/4/2029 | 1388 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L 11/23 | SOFR + 5.00% | 5/6/2030 | 515 | 515 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L B 05/23 (Unitranche) | SOFR + 5.00% | 5/6/2030 | 11250 | 11250 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L DD 05/23 | SOFR + 5.00% | 5/6/2030 | 1705 | 1705 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L DD 11/23 | SOFR + 5.00% | 5/6/2030 | 1035 | 1035 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial & Residential Mortgage Finance – 0.6% | &nbsp;&nbsp;&nbsp;&nbsp; Commercial & Residential Mortgage Finance – 0.6% | &nbsp;&nbsp;&nbsp;&nbsp; Commercial & Residential Mortgage Finance – 0.6% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rialto Capital Management LLC | Revolver 1L 12/24 | SOFR + 5.00% | 12/5/2030 | 299 |  | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rialto Capital Management LLC | TL 1L 12/24 | SOFR + 5.00% | 12/5/2030 | 8001 | 8081 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering – 7.8% | &nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering – 7.8% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | Revolver 1L 03/25 | SOFR + 4.75% | 3/4/2032 | 6729 | 1178 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | TL 1L 03/25 PIK | SOFR + 2.50% (2.25% PIK) | 3/4/2032 | 39841 | 40052 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | TL 1L DD 03/25 PIK | SOFR + 2.75% (2.00% PIK) | 3/4/2032 | 11686 | 11748 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | TL 1L DD 05/25 (Add-on) PIK | SOFR + 2.75% (2.00% PIK) | 3/4/2032 | 5749 | 5300 | (a) (b) (c) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpoint Services Inc | Revolver 1L 06/24 | SOFR + 5.00% | 6/17/2030 | 1236 | 242 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpoint Services Inc | TL 1L 06/24 | SOFR + 5.00% | 6/17/2031 | 10088 | 10049 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpoint Services Inc | TL 1L DD 06/24 | SOFR + 5.00% | 6/17/2031 | 1978 | (8) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Inc | Revolver 1L 09/25 | SOFR + 4.50% | 4/5/2031 | 5092 | 662 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Inc | TL 1L 09/25 | SOFR + 4.50% | 4/5/2032 | 39890 | 39890 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Inc | TL 1L DD 09/25 | SOFR + 4.50% | 4/5/2032 | 10185 | (102) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Machinery & Heavy Transportation Equipment – 0.4% | &nbsp;&nbsp;&nbsp;&nbsp; Construction Machinery & Heavy Transportation Equipment – 0.4% | &nbsp;&nbsp;&nbsp;&nbsp; Construction Machinery & Heavy Transportation Equipment – 0.4% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shaw Development LLC | TL 1L 10/23 | SOFR + 6.00% | 10/30/2029 | 5665 | 5434 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance – 1.7% | &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance – 1.7% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homrich & Berg Inc | Revolver 1L 11/24 | SOFR + 4.75% | 8/18/2031 | 1512 | 831 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homrich & Berg Inc | TL 1L 11/24 | SOFR + 4.75% | 11/17/2031 | 6268 | 6291 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homrich & Berg Inc | TL 1L DD 11/24 | SOFR + 4.75% | 11/17/2031 | 7521 | 7549 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | Revolver 1L 08/24 | SOFR + 4.75% | 8/29/2031 | 1967 | 354 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | TL 1L 08/24 | SOFR + 4.75% | 8/29/2031 | 5704 | 5734 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | TL 1L DD 06/25 | SOFR + 4.75% | 8/29/2031 | 8484 | 45 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | TL 1L DD 08/24 | SOFR + 4.75% | 8/29/2031 | 3352 | 1775 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | Revolver 1L 05/22 (Add-on) | SOFR + 4.50% | 10/2/2028 | 176 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | TL 1L DD 02/24 | SOFR + 4.50% | 10/2/2028 | 597 | 598 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | TL 1L DD 08/25 (Add-on & Reprice) | SOFR + 4.50% | 10/2/2028 | 1529 | 4 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | TL 1L DD 12/24 | SOFR + 4.50% | 10/2/2028 | 4237 | 676 | (a) (b) (c) |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services – 1.0% | &nbsp;&nbsp;&nbsp;&nbsp; Diversified Financial Services – 1.0% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safe-Guard Products International LLC | Revolver 1L 03/24 | SOFR + 4.75% | 4/3/2030 | $2450 | $— | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safe-Guard Products International LLC | TL 1L 03/24 | SOFR + 4.75% | 4/3/2030 | 14359 | 14502 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Support Services – 7.4% | &nbsp;&nbsp;&nbsp;&nbsp; Diversified Support Services – 7.4% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | Revolver 1L 09/24 | SOFR + 5.00% | 10/24/2029 | 641 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | TL 1L 09/24 | SOFR + 5.00% | 10/24/2030 | 7462 | 7537 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | TL 1L 09/24 (Replacement) | SOFR + 5.00% | 10/24/2030 | 1921 | 1941 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | TL 1L DD 09/24 (OpCo) | SOFR + 5.00% | 10/24/2030 | 13384 | 13517 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | Revolver 1L 11/22 | SOFR + 5.00% | 11/22/2028 | 1034 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | TL 1L 11/22 | SOFR + 5.00% | 11/21/2029 | 8653 | 8653 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | TL 1L DD 11/22 | SOFR + 5.00% | 11/21/2029 | 2422 | 2422 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | TL 1L DD 12/23 | SOFR + 5.00% | 11/21/2029 | 3905 | 3657 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Express Inc | Revolver 1L 08/24 | SOFR + 4.75% | 8/15/2031 | 3330 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Express Inc | TL 1L 08/24 | SOFR + 4.75% | 8/15/2031 | 24289 | 24532 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Express Inc | TL 1L DD 08/24 | SOFR + 4.75% | 8/15/2031 | 5817 | 1314 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USIC Holdings Inc | Revolver 1L 09/24 | SOFR + 5.25% | 9/10/2031 | 4741 | 1653 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USIC Holdings Inc | TL 1L 09/24 | SOFR + 5.50% | 9/10/2031 | 36970 | 37709 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USIC Holdings Inc | TL 1L DD 09/24 | SOFR + 5.50% | 9/10/2031 | 2191 | 1041 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Education Services – 1.3% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Education LLC | Revolver 1L 05/24 | SOFR + 5.00% | 5/1/2030 | 1767 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Education LLC | TL 1L 05/24 (Unitranche) | SOFR + 5.00% | 5/1/2031 | 11391 | 11505 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Education LLC | TL 1L DD 05/24 | SOFR + 5.00% | 5/1/2031 | 2987 | 1697 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Learning Experience Corp/The | Revolver 1L 07/25 | SOFR + 4.75% | 7/1/2032 | 1122 |  | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Learning Experience Corp/The | TL 1L 07/25 | SOFR + 4.75% | 7/1/2032 | 5099 | 5099 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Component & Equipment – 5.0% | &nbsp;&nbsp;&nbsp;&nbsp; Electrical Component & Equipment – 5.0% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | Revolver 1L 06/25 (2025 Replacement) | SOFR + 4.75% | 2/13/2031 | 5305 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L 06/25 (2025 Incremental) | SOFR + 5.75% | 2/13/2032 | 1108 | 1120 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L 06/25 (2025 Replacement) | SOFR + 5.75% | 2/13/2032 | 51706 | 52223 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L DD-A 06/25 | SOFR + 5.75% | 2/13/2032 | 1910 | 19 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L DD-B 06/25 | SOFR + 5.75% | 2/13/2032 | 10687 | 4344 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L DD-C 06/25 | SOFR + 5.75% | 2/13/2032 | 5305 | 53 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Horizon CTS Buyer LLC | Revolver 1L 03/25 | SOFR + 4.50% | 3/29/2032 | 2770 | 886 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Horizon CTS Buyer LLC | TL 1L 03/25 | SOFR + 4.50% | 3/29/2032 | 11715 | 11780 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Horizon CTS Buyer LLC | TL 1L DD 03/25 | SOFR + 4.50% | 3/29/2032 | 2216 | 12 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental & Facilities Services – 4.5% | &nbsp;&nbsp;&nbsp;&nbsp; Environmental & Facilities Services – 4.5% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | Revolver 1L 01/24 | SOFR + 5.50% | 1/31/2030 | 2454 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L 01/24 | SOFR + 5.50% | 1/31/2031 | 16461 | 16626 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L 09/24 | SOFR + 5.00% | 1/31/2031 | 1825 | 1843 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L 09/25 | SOFR + 5.00% | 1/31/2031 | 1397 | 1397 | (a) (b) |

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| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L DD 09/24 | SOFR + 5.00% | 1/31/2031 | $974 | $983 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L DD 09/25 | SOFR + 5.00% | 1/31/2031 | 1254 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLEAResult Consulting Inc | Revolver 1L 08/24 | SOFR + 4.75% | 8/27/2031 | 2366 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLEAResult Consulting Inc | TL 1L 08/24 | SOFR + 4.75% | 8/27/2031 | 14091 | 14231 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLEAResult Consulting Inc | TL 1L DD 08/24 | SOFR + 5.00% | 8/27/2031 | 3549 | 35 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | Revolver 1L 04/25 | SOFR + 4.75% | 4/28/2032 | 2458 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | Revolver 1L 04/25 (CAD Multi Currency) | SOFR + 4.75% | 4/28/2032 | 307 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | TL 1L 04/25 | SOFR + 4.75% | 4/28/2032 | 19892 | 20001 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | TL 1L DD 04/25 | SOFR + 4.75% | 4/28/2032 | 5577 | 31 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xylem Kendall | Revolver 1L 06/25 | SOFR + 5.87% | 4/22/2030 | 1157 | 494 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xylem Kendall | TL 1L 06/25 | SOFR + 5.75% | 4/22/2030 | 5605 | 5605 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xylem Kendall | TL 1L DD 06/25 (7th Amendment) | SOFR + 5.75% | 4/22/2030 | 8424 | 1626 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xylem Kendall | TL 1L DD-A 06/25 (6th Amendment) | SOFR + 5.75% | 4/22/2030 | 342 | 342 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Food Distributors – 1.2% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lipari Foods LLC | TL 1L 10/22 | SOFR + 6.50% | 10/31/2028 | 14669 | 14260 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lipari Foods LLC | TL 1L DD 10/22 | SOFR + 6.50% | 10/31/2028 | 1886 | 1833 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment – 1.9% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zeus Industrial Products Inc | Revolver 1L 02/24 | SOFR + 5.50% | 2/28/2030 | 3624 | (163) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zeus Industrial Products Inc | TL 1L 02/24 PIK | SOFR + 3.00% (3.00% PIK) | 2/28/2031 | 25842 | 24677 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zeus Industrial Products Inc | TL 1L DD 02/24 | SOFR + 5.50% | 2/28/2031 | 4823 | 2190 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities – 0.7% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VetCor Professional Practices LLC | TL 1L B 08/22 | SOFR + 5.75% | 8/31/2029 | 4444 | 4444 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VetCor Professional Practices LLC | TL 1L DD 09/23 | SOFR + 6.00% | 8/31/2029 | 5028 | 5028 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Services – 5.9% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Care Inc | TL 1L 08/21 PIK | SOFR + 2.75% (3.25% PIK) | 8/2/2028 | 3321 | 3181 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Care Inc | TL 1L DD 08/21 PIK | SOFR + 2.75% (3.25% PIK) | 8/2/2028 | 594 | 569 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Care Inc | TL 1L DD 08/23 PIK | SOFR + 2.75% (3.25% PIK) | 8/2/2028 | 644 | 617 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amerivet Partners Management Inc | TL 1L 02/22 | SOFR + 5.50% | 2/25/2028 | 3813 | 3758 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dental Care Alliance Inc | TL 1L 02/22 (Add-on) | SOFR + 6.40% | 4/3/2028 | 412 | 390 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dental Care Alliance Inc | TL 1L 03/21 | SOFR + 6.40% | 4/3/2028 | 3771 | 3569 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dental Care Alliance Inc | TL 1L DD 02/22 (add-on) | SOFR + 6.40% | 4/3/2028 | 206 | 194 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | Revolver 1L 02/24 | SOFR + 5.50% | 2/13/2031 | 2113 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | TL 1L 02/24 (Unitranche) | SOFR + 5.50% | 2/13/2031 | 30049 | 30350 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | TL 1L DD 1 02/24 | SOFR + 5.50% | 2/13/2031 | 10545 | 4904 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | TL 1L DD 2 02/24 | SOFR + 5.50% | 2/13/2031 | 4351 | 4395 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PSKW LLC (dba ConnectiveRx) | TL 1L 12/24 | SOFR + 5.50% | 3/9/2028 | 31853 | 31853 | (a) (b) |

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---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Supplies – 2.8% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | Revolver 1L 01/25 | SOFR + 4.75% | 1/22/2032 | $3858 | $— | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L 01/25 | SOFR + 4.75% | 1/22/2032 | 38204 | 38510 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L DD 01/25 (Alternative Currency<br>- EUR/GBP Draw) | SOFR + 4.75% | 1/22/2032 | 4209 | 34 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L DD 07/25 (Special<br>Interest) | SOFR + 4.75% | 7/9/2032 | 701 | 6 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L DDTL 01/25 (USD) | SOFR + 4.75% | 1/22/2032 | 15432 | 123 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Technology – 2.7% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netsmart Technologies Inc | Revolver 1L 08/24 | SOFR + 4.75% | 8/25/2031 | 4935 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netsmart Technologies Inc | TL 1L 08/24 PIK | SOFR + 2.50% (2.45% PIK) | 8/25/2031 | 37243 | 37616 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netsmart Technologies Inc | TL 1L DD 08/24 PIK | SOFR + 2.50% (2.45% PIK) | 8/25/2031 | 4838 | 48 | (a) (b) (c) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp; Highways & Railtracks – 0.7% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Railcar Services Roscoe Inc | Revolver 1L 06/25 | SOFR + 4.50% | 6/14/2032 | 1739 |  | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Railcar Services Roscoe Inc | TL 1L 06/25 | SOFR + 4.50% | 6/14/2032 | 9276 | 9276 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Railcar Services Roscoe Inc | TL 1L DD 06/25 | SOFR + 4.50% | 6/14/2032 | 1933 |  | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Resorts & Cruise Lines – 0.3% | &nbsp;&nbsp;&nbsp;&nbsp; Hotels, Resorts & Cruise Lines – 0.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highgate Hotels Inc | Revolver 1L 11/23 | SOFR + 5.50% | 11/5/2029 | 531 | 117 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highgate Hotels Inc | TL 1L 11/23 | SOFR + 5.50% | 11/5/2029 | 4171 | 4171 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Human Resource & Employment Services – 0.4% | &nbsp;&nbsp;&nbsp;&nbsp; Human Resource & Employment Services – 0.4% | &nbsp;&nbsp;&nbsp;&nbsp; Human Resource & Employment Services – 0.4% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insight Global LLC | Revolver 1L 11/24 (Refinance) | SOFR + 5.00% | 9/22/2028 | 3326 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insight Global LLC | TL 1L 11/24 (Refinance) | SOFR + 5.00% | 9/22/2028 | 5821 | 5821 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance Brokers – 5.0% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | Revolver 1L 12/23 | SOFR + 5.25% | 12/20/2029 | 1027 | 123 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | TL 1L 12/23 | SOFR + 5.25% | 12/20/2030 | 4721 | 4721 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | TL 1L DD 05/24 | SOFR + 5.00% | 12/20/2030 | 4371 | 24 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | TL 1L DD 12/23 | SOFR + 5.25% | 12/20/2030 | 4490 | 4447 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | Revolver 1L 10/21 | SOFR + 4.75% | 10/29/2029 | 1195 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L 10/21 | SOFR + 4.75% | 10/29/2030 | 4104 | 4145 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 02/25 | SOFR + 4.75% | 10/29/2030 | 5958 | 357 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 05/24 | SOFR + 4.75% | 10/29/2030 | 3169 | 3201 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 10/21 | SOFR + 4.75% | 10/29/2030 | 294 | 297 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 11/23 | SOFR + 4.75% | 10/29/2030 | 7066 | 7136 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galway Partners Holdings LLC | Revolver 1L 09/21 | SOFR + 4.50% | 9/29/2028 | 746 | 157 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galway Partners Holdings LLC | TL 1L 07/24 (Reprice) | SOFR + 4.50% | 9/29/2028 | 14021 | 14021 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galway Partners Holdings LLC | TL 1L DD 04/23 | SOFR + 4.50% | 9/29/2028 | 7941 | 7941 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higginbotham Insurance Agency Inc | TL 1L DD 03/24 | SOFR + 4.75% | 11/24/2028 | 2304 | 1319 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Group LLC | Revolver 1L 08/24 | SOFR + 5.00% | 8/25/2028 | 543 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Group LLC | TL 1L 08/24 | SOFR + 5.00% | 8/25/2028 | 22177 | 22177 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Group LLC | TL 1L DD 08/24 | SOFR + 5.00% | 8/25/2028 | 2499 |  | (a) (b) (c) |

---

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| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

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---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Consulting & Other Services – 0.1% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Era Technology Inc | TL 1L 08/25 PIK | SOFR + 6.25% PIK | 6/30/2030 | $1765 | $1765 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities – 1.6% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Club Operations Inc | Revolver 1L 07/25 | SOFR + 5.00% | 7/10/2031 | 2442 | (12) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Club Operations Inc | TL 1L B 07/25 | SOFR + 5.00% | 7/9/2032 | 22463 | 22351 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Club Operations Inc | TL 1L B-DD 07/25 | SOFR + 5.00% | 7/9/2032 | 1465 | (7) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Property & Casualty Insurance – 2.5% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | Revolver 1L 02/25 | SOFR + 5.25% | 2/28/2030 | 869 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL 1L 02/25 (Takeback) PIK | SOFR + 1.00% (5.25% PIK) | 2/28/2030 | 2088 | 2088 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL 1L 03/25 (PIK Upfront Fee) | SOFR + 5.25% | 2/28/2030 | 72 | 72 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL 1L DD 02/25 (Exit) | SOFR + 5.25% | 2/28/2030 | 1157 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J S Held LLC | Revolver 1L 10/24 | SOFR + 5.50% | 6/1/2028 | 1804 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J S Held LLC | TL 1L B 10/24 | SOFR + 5.50% | 6/1/2028 | 31084 | 31084 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J S Held LLC | TL 1L DD 10/24 | SOFR + 5.50% | 6/1/2028 | 5214 | 2248 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Publishing – 1.5% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBmedia | Revolver 1L 08/23 | SOFR + 5.75% | 8/31/2028 | 3541 | 2141 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBmedia | TL 1L 08/23 | SOFR + 5.75% | 9/3/2030 | 9089 | 9180 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBmedia | TL 1L 08/24 (Incremental) | SOFR + 5.75% | 9/3/2030 | 9438 | 9532 | (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBmedia | TL 1L DD-A 08/25 | SOFR + 5.75% | 8/31/2030 | 931 | 9 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RBmedia | TL 1L DD-B 08/25 | SOFR + 5.75% | 8/31/2030 | 2234 | 22 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Research & Consulting Services – 0.4% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BDO USA PA | TL 1L 08/23 | SOFR + 5.00% | 8/31/2028 | 5571 | 5616 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialized Consumer Services – 4.6% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Circana Group (f.k.a. NPD Group) | Revolver 1L 04/25 | SOFR + 4.50% | 12/1/2028 | 691 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Circana Group (f.k.a. NPD Group) | TL 1L 04/25 | SOFR + 4.25% | 12/1/2029 | 9444 | 9538 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legends Hospitality LLC | Revolver 1L 08/24 | SOFR + 5.00% | 8/22/2030 | 3589 | 359 | (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legends Hospitality LLC | TL 1L 08/24 PIK | SOFR + 2.75% (2.75% PIK) | 8/22/2031 | 31139 | 31139 | (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legends Hospitality LLC | TL 1L DD 08/24 PIK | SOFR + 2.25% (2.75% PIK) | 8/22/2031 | 1792 | 1110 | (b) (c) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L 02/23 | SOFR + 5.75% | 7/25/2028 | 5859 | 5918 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L DD 02/23 | SOFR + 5.75% | 7/25/2028 | 8921 | 9010 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L DD E 08/24 | SOFR + 5.50% | 7/25/2028 | 8166 | 7230 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L DDTL 09/25 | SOFR + 5.00% | 7/25/2028 | 3481 | (13) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Chemicals – 1.8% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuBois Chemicals Inc | Revolver 1L 06/24 | SOFR + 5.00% | 6/13/2031 | 3818 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuBois Chemicals Inc | TL 1L 06/24 | SOFR + 5.00% | 6/13/2031 | 22831 | 23059 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuBois Chemicals Inc | TL 1L DD 06/24 | SOFR + 5.00% | 6/13/2031 | 3818 | 2329 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Systems Software – 10.4% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra LLC | Revolver 1L 03/25 | SOFR + 5.00% | 3/5/2032 | 5452 | 818 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra LLC | TL 1L 03/25 | SOFR + 4.75% | 3/5/2032 | 50303 | 50303 | (a) (b) |

---

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| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Reference Rate & Spread** | **Maturity Date** | **Par/Shares** | **Fair Value** | **Footnotes** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra LLC | TL 1L DD 03/25 | SOFR + 5.00% | 3/5/2032 | $5452 | $— | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gigamon Inc | TL 1L 03/22 | SOFR + 5.75% | 3/9/2029 | 4395 | 4110 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix | Revolver 1L 07/25 | SOFR + 4.75% | 7/21/2032 | 5077 | (25) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix | TL 1L 07/25 | SOFR + 4.75% | 7/21/2032 | 28686 | 28542 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix | TL 1L DD 07/25 | SOFR + 4.75% | 7/21/2032 | 11931 | (60) | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | Revolver 1L 04/24 | SOFR + 5.25% | 4/22/2031 | 2002 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | TL 1L 04/24 | SOFR + 5.25% | 4/22/2031 | 18221 | 18404 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | TL 1L DD 04/24 | SOFR + 5.25% | 4/22/2031 | 3179 | 3211 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | TL 1L DD 12/24 | SOFR + 5.25% | 4/22/2031 | 1482 | 15 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | Revolver 1L 11/24 | SOFR + 5.00% | 11/21/2031 | 2923 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L 11/24 GBP | SONIA + 4.75% | 11/21/2031 | 10520 | 14148 | (a) (b) (g) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L 11/24 USD | SOFR + 4.75% | 11/21/2031 | 28729 | 28729 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L DD 09/25 | SOFR + 4.50% | 11/21/2031 | 4185 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L DD-2 11/24 USD | SOFR + 5.00% | 11/21/2031 | 3655 |  | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors – 2.4% | &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors – 2.4% | &nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors – 2.4% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Individual FoodService | TL 1L B 10/24 | SOFR + 5.00% | 10/31/2029 | 14717 | 14717 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Individual FoodService | TL 1L DD B 10/24 | SOFR + 5.00% | 10/31/2029 | 435 | 143 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radwell International LLC | Revolver 1L 04/22 | SOFR + 5.50% | 4/1/2029 | 1360 | 363 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radwell International LLC | TL 1L 12/22 | SOFR + 5.50% | 4/1/2029 | 17640 | 17817 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radwell International LLC | TL 1L DD 11/24 | SOFR + 5.50% | 4/1/2029 | 16176 | 484 | (a) (b) (c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **Total Senior Secured Loans - First Lien (Cost $1,274,594)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **Total Senior Secured Loans - First Lien (Cost $1,274,594)** |  |  |  | $1287797 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Subordinated Debt – 0.1%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Property & Casualty Insurance – 0.1% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL Mezz 02/25 (PIK) | SOFR + 8.00% PIK | 2/28/2030 | 721 | 721 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Subordinated Debt (Cost $721)** |  |  |  |  | $721 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Equity – 0.0%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Property & Casualty Insurance – 0.0% |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | Common Stock |  |  | 423 | 44 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | Perp (Pref Equity) PIK | SOFR + 8.00% PIK | 12/31/2099 | 452 | 324 | (a) (b) (d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Era Technology Inc | Common Stock (Takeback) |  |  | 1675 |  | (a) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Era Technology Inc | Perp (Pref Equity) PIK |  |  | 1675 | 851 | (a) (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Equity (Cost $2,420)** |  |  |  |  | $1219 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS (Cost $1,277,735) – 91.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS (Cost $1,277,735) – 91.8%** |  |  |  | $1289737 |  |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Shares** | **Fair Value** | **Footnotes** |
|  **Money Market Fund – 7.3%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Securities – 7.3% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNY Mellon U.S. Treasury Fund | Money Market Fund Shares | 4212330 | $4212 | (e) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund | Opportunity Class | 98023707 | 98024 | (f) |
|  **TOTAL MONEY MARKET FUNDS (Cost – $102,236) – 7.3%** |  |  | $102236 |  |
|  **TOTAL INVESTMENTS INCLUDING MONEY MARKET FUNDS (Cost – $1,379,971) – 99.1%** | **TOTAL INVESTMENTS INCLUDING MONEY MARKET FUNDS (Cost – $1,379,971) – 99.1%** |  | $1391973 |  |
|  **LIABILITIES EXCEEDING OTHER ASSETS, NET – 0.9%** |  |  | 12607 |  |
|  **NET ASSETS – 100.0%** |  |  | $1404580 |  |

---

---

| | |
|:---|:---|
| TL | Term loan |
| DD | Delayed draw term loan |
| 1L | First lien |
| SOFR | Secured Overnight Financing Rate as of September 30, 2025 was 4.2% |
| SONIA | Sterling Overnight Index Average as of September 30, 2025 was 4.0% |
| EURIBOR | Euro Interbank Offered Rate Average as of September 30, 2025 was 2.0% |
| (a) | Security considered restricted. |
| (b) | Value determined using significant unobservable inputs. |
| (c) | Investment is an unfunded or partially funded commitment. |
| (d) | Represents a payment-in-kind ("PIK") security which may pay interest in additional par. PIK rate disclosed is excluded from the spread. |
| (e) | The money market fund's average 7-day yield as of September 30, 2025 was 3.7%. |
| (f) | The money market fund's average 7-day yield as of September 30, 2025 was 4.1%. |
| (g) | Par value is in GBP. |
| (h) | Par value is in EUR. |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

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The following are the details of the restricted securities of the Company:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer<sup>(1)</sup>** | **Asset** | **Par/Shares** | **Cost** | **Value** | **Acquisition**<br> **Date** | **% of Net <br>Assets** |
|  **Senior Secured Loans – First Lien** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Care Inc | TL 1L DD 08/21 PIK | 594 | $597 | $569 | 10/13/2023 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Care Inc | TL 1L DD 08/23 PIK | 644 | 630 | 617 | 10/13/2023 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Care Inc | TL 1L 08/21 PIK | 3321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3181 | 10/13/2023 | 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL 1L 03/25 (PIK Upfront Fee) | 72 | 9 | 72 | 2/28/2025 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amerivet Partners Management Inc | TL 1L 02/22 | 3813 | 3721 | 3758 | 10/13/2023 | 0.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | TL 1L 09/24 (Replacement) | 1921 | 1900 | 1941 | 10/24/2023 | 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | TL 1L 09/24 | 7462 | 7386 | 7537 | 10/24/2023 | 0.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | TL 1L DD 09/24 (OpCo) | 13384 | 13318 | 13517 | 9/24/2024 | 0.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Service Partners LLC | Revolver 1L 09/24 | 641 |  |  | 9/24/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L DD 09/25 | 1254 |  |  | 9/26/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L 09/25 | 1397 | 1397 | 1397 | 9/26/2025 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BDO USA PA | TL 1L 08/23 | 5571 | 5499 | 5616 | 10/13/2023 | 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra LLC | TL 1L DD 03/25 | 5452 | (25) |  | 3/6/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra LLC | TL 1L 03/25 | 50303 | 50072 | 50303 | 3/6/2025 | 3.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra LLC | Revolver 1L 03/25 | 5452 | 818 | 818 | 3/6/2025 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Individual FoodService | TL 1L DD B 10/24 | 435 | 143 | 143 | 10/11/2024 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Individual FoodService | TL 1L B 10/24 | 14717 | 14497 | 14717 | 10/31/2023 | 1.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highgate Hotels Inc | TL 1L 11/23 | 4171 | 4143 | 4171 | 11/3/2023 | 0.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highgate Hotels Inc | Revolver 1L 11/23 | 531 | 117 | 117 | 11/3/2023 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Club Operations Inc | TL 1L B-DD 07/25 | 1465 | (11) | (7) | 7/10/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Club Operations Inc | Revolver 1L 07/25 | 2442 |  | (12) | 7/10/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Club Operations Inc | TL 1L B 07/25 | 22463 | 22300 | 22351 | 7/10/2025 | 1.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLEAResult Consulting Inc | TL 1L DD 08/24 | 3549 | (15) | 35 | 8/27/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLEAResult Consulting Inc | Revolver 1L 08/24 | 2366 |  |  | 8/27/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CLEAResult Consulting Inc | TL 1L 08/24 | 14091 | 13972 | 14231 | 8/27/2024 | 1.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L DD 03/24 | 1451 | 1439 | 1466 | 3/8/2024 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L 03/24 (GBP) | 4786 | 6146 | 6502 | 3/8/2024 | 0.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | Revolver 1L 03/24 | 3598 | 2879 | 2879 | 3/8/2024 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L 03/24 Incremental | 34305 | 34274 | 34648 | 3/8/2024 | 2.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSafe Global | TL 1L 11/24 (Incremental) | 805 | 805 | 813 | 11/22/2024 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dental Care Alliance Inc | TL 1L 03/21 | 3771 | 3694 | 3569 | 10/13/2023 | 0.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dental Care Alliance Inc | TL 1L DD 02/22 (Add-on) | 206 | 201 | 194 | 10/13/2023 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dental Care Alliance Inc | TL 1L 02/22 (Add-on) | 412 | 404 | 390 | 10/13/2023 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuBois Chemicals Inc | TL 1L DD 06/24 | 3818 | 2275 | 2329 | 6/13/2024 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuBois Chemicals Inc | TL 1L 06/24 | 22831 | 22738 | 23059 | 6/13/2024 | 1.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuBois Chemicals Inc | Revolver 1L 06/24 | 3818 |  |  | 6/13/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | TL 1L DD 05/24 | 4371 | (17) | 24 | 5/28/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | TL 1L DD 12/23 | 4490 | 4414 | 4447 | 12/20/2023 | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | Revolver 1L 12/23 | 1027 | 123 | 123 | 12/20/2023 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DOXA Insurance Holdings LLC | TL 1L 12/23 | 4721 | 4686 | 4721 | 12/20/2023 | 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpoint Services Inc | TL 1L DD 06/24 | 1978 | (16) | (8) | 6/17/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpoint Services Inc | Revolver 1L 06/24 | 1236 | 247 | 242 | 6/17/2024 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpoint Services Inc | TL 1L 06/24 | 10088 | 10006 | 10049 | 6/17/2024 | 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 11/23 | 7066 | 7004 | 7136 | 11/17/2023 | 0.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 02/25 | 5958 | 284 | 357 | 2/26/2025 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 05/24 | 3169 | 3157 | 3201 | 5/22/2024 | 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L DD 10/21 | 294 | 285 | 297 | 10/13/2023 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | Revolver 1L 10/21 | 1195 |  |  | 5/22/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Risk Partners Corp | TL 1L 10/21 | 4104 | 3977 | 4145 | 10/13/2023 | 0.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | TL 1L DD 05/25 (Add-on) PIK | 5749 | 5270 | 5300 | 5/15/2025 | 0.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | TL 1L DD 03/25 PIK | 11686 | 11655 | 11748 | 3/4/2025 | 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | Revolver 1L 03/25 | 6729 | 1178 | 1178 | 3/4/2025 | 0.08% |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer<sup>(1)</sup>** | **Asset** | **Par/Shares** | **Cost** | **Value** | **Acquisition**<br> **Date** | **% of Net <br>Assets** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontline Road Safety LLC | TL 1L 03/25 PIK | 39841 | $39660 | $40052 | 3/4/2025 | 2.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Follett Software Co | Revolver 1L 04/25 | 891 |  |  | 4/21/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Follett Software Co | TL 1L 04/25 | 9538 | 9538 | 9617 | 4/21/2025 | 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galway Partners Holdings LLC | TL 1L 07/24 (Reprice) | 14021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13927 | 14021 | 10/13/2023 | 1.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galway Partners Holdings LLC | Revolver 1L 09/21 | 746 | 157 | 157 | 7/25/2024 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galway Partners Holdings LLC | TL 1L DD 04/23 | 7941 | 7810 | 7941 | 10/13/2023 | 0.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gigamon Inc | TL 1L 03/22 | 4395 | 4336 | 4110 | 10/13/2023 | 0.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | Revolver 1L 01/24 | 2282 |  |  | 1/17/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | TL 1L DD 01/24 PIK | 6128 | 6119 | 6190 | 3/4/2025 | 0.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | TL 1L 01/24 (Unitranche) PIK | 16497 | 16438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16662 | 1/17/2024 | 1.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granicus Inc | TL 1L DD 08/24 PIK | 1410 | (6) | 14 | 8/2/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L DD 09/24 | 974 | 974 | 983 | 9/27/2024 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L 09/24 | 1825 | 1825 | 1843 | 9/27/2024 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | TL 1L 01/24 | 16461 | 16367 | 16626 | 1/31/2024 | 1.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcwood Environmental (fka Heritage Environmental Services Inc) | Revolver 1L 01/24 | 2454 |  |  | 1/31/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higginbotham Insurance Agency Inc | TL 1L DD 03/24 | 2304 | 1303 | 1319 | 3/27/2024 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insight Global LLC | Revolver 1L 11/24 (Refinance) | 3326 |  |  | 11/1/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insight Global LLC | TL 1L 11/24 (Refinance) | 5821 | 5749 | 5821 | 10/13/2023 | 0.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Group LLC | TL 1L DD 08/24 | 2499 | (3) |  | 8/27/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Group LLC | Revolver 1L 08/24 | 543 | (1) |  | 10/13/2023 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Group LLC | TL 1L 08/24 | 22177 | 21684 | 22177 | 10/13/2023 | 1.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Circana Group (f.k.a. NPD Group) | Revolver 1L 04/25 | 691 |  |  | 4/9/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Circana Group (f.k.a. NPD Group) | TL 1L 04/25 | 9444 | 9444 | 9538 | 4/9/2025 | 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J S Held LLC | TL 1L DD 10/24 | 5214 | 2198 | 2248 | 10/2/2024 | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J S Held LLC | Revolver 1L 10/24 | 1804 |  |  | 10/2/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J S Held LLC | TL 1L B 10/24 | 31084 | 31084 | 31084 | 10/2/2024 | 2.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | Revolver 1L 02/25 | 869 |  |  | 2/28/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL 1L DD 02/25 (Exit) | 1157 |  |  | 2/28/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL 1L 02/25 (Takeback) PIK | 2088 | 2088 | 2088 | 2/28/2025 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | TL 1L DD 11/22 | 2422 | 2311 | 2422 | 10/13/2023 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | TL 1L DD 12/23 | 3905 | 3629 | 3657 | 12/22/2023 | 0.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | TL 1L 11/22 | 8653 | 8427 | 8653 | 10/13/2023 | 0.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magna Legal Services LLC | Revolver 1L 11/22 | 1034 | (2) |  | 10/13/2023 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L DD 05/23 | 1705 | 1700 | 1705 | 10/13/2023 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L DD 11/23 | 1035 | 1031 | 1035 | 11/6/2023 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L 11/23 | 515 | 513 | 515 | 11/6/2023 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | Revolver 1L 05/23 | 1388 | (2) |  | 10/13/2023 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazer Logistics Inc | TL 1L B 05/23 (Unitranche) | 11250 | 11107 | 11250 | 10/13/2023 | 0.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | TL 1L DD 04/25 | 5577 | (20) | 31 | 4/28/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | TL 1L 04/25 | 19892 | 19823 | 20001 | 4/28/2025 | 1.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | Revolver 1L 04/25 (CAD Multi Currency) | 307 |  |  | 4/28/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resa Power LLC | Revolver 1L 04/25 | 2458 |  |  | 4/28/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | TL 1L 08/24 | 5704 | 5680 | 5734 | 8/29/2024 | 0.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | TL 1L DD 08/24 | 3352 | 1743 | 1775 | 8/29/2024 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | TL 1L DD 06/25 | 8484 | (40) | 45 | 6/13/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAI Capital Management LLC | Revolver 1L 08/24 | 1967 | 354 | 354 | 8/29/2024 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | TL 1L DD 1 02/24 | 10545 | 4718 | 4904 | 2/13/2024 | 0.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | TL 1L DD 2 02/24 | 4351 | 4272 | 4395 | 2/13/2024 | 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | Revolver 1L 02/24 | 2113 |  |  | 2/13/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MB2 Dental Solutions LLC | TL 1L 02/24 (Unitranche) | 30049 | 29820 | 30350 | 2/13/2024 | 2.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix | TL 1L DD 07/25 | 11931 | (58) | (60) | 7/21/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix | Revolver 1L 07/25 | 5077 |  | (25) | 7/21/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix | TL 1L 07/25 | 28686 | 28547 | 28542 | 7/21/2025 | 2.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vitu | TL 1L 01/25 | 14529 | 14480 | 14820 | 1/6/2025 | 1.06% |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer<sup>(1)</sup>** | **Asset** | **Par/Shares** | **Cost** | **Value** | **Acquisition**<br> **Date** | **% of Net <br>Assets** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vitu | Revolver 1L 01/25 | 2367 | $— | $— | 1/6/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netsmart Technologies Inc | TL 1L DD 08/24 PIK | 4838 | (20) | 48 | 8/23/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netsmart Technologies Inc | TL 1L 08/24 PIK | 37243 | 37091 | 37616 | 8/23/2024 | 2.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netsmart Technologies Inc | Revolver 1L 08/24 | 4935 |  |  | 8/23/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Era Technology Inc | TL 1L 08/25 PIK | 1765 | 1765 | 1765 | 8/21/2025 | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | TL 1L 04/24 | 18221 | 18149 | 18404 | 4/22/2024 | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | Revolver 1L 04/24 | 2002 |  |  | 4/22/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | TL 1L DD 04/24 | 3179 | 3165 | 3211 | 4/22/2024 | 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEConnection LLC | TL 1L DD 12/24 | 1482 | (7) | 15 | 12/30/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L DDTL 01/25 (USD) | 15432 | (104) | 123 | 1/22/2025 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L 01/25 | 38204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38510 | 1/22/2025 | 2.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L DD 01/25 (Alternative Currency - EUR/GBP Draw) | 4209 | (28) | 34 | 1/22/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | Revolver 1L 01/25 | 3858 |  |  | 1/22/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCI Pharma Services | TL 1L DD 07/25 (Special Interest) | 701 | (5) | 6 | 1/22/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PSKW LLC (dba ConnectiveRx) | TL 1L 12/24 | 31853 | 31853 | 31853 | 12/11/2024 | 2.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radwell International LLC | TL 1L DD 11/24 | 16176 | 193 | 484 | 11/8/2024 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radwell International LLC | TL 1L 12/22 | 17640 | 17421 | 17817 | 10/13/2023 | 1.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radwell International LLC | Revolver 1L 04/22 | 1360 | 367 | 363 | 10/13/2023 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockefeller Capital Management LP | TL 1L DD 06/25 | 2524 | (6) |  | 6/13/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockefeller Capital Management LP | TL 1L DD 12/24 | 2043 | 2036 | 2043 | 12/3/2024 | 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockefeller Capital Management LP | TL 1L 04/24 | 8376 | 8310 | 8376 | 4/4/2024 | 0.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safe-Guard Products International LLC | TL 1L 03/24 | 14359 | 14270 | 14502 | 10/13/2023 | 1.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safe-Guard Products International LLC | Revolver 1L 03/24 | 2450 |  |  | 4/3/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shaw Development LLC | TL 1L 10/23 | 5665 | 5626 | 5434 | 10/30/2023 | 0.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L DD 02/23 | 8921 | 8887 | 9010 | 10/13/2023 | 0.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L DD E 08/24 | 8166 | 7151 | 7230 | 8/30/2024 | 0.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L DDTL 09/25 | 3481 | (26) | (13) | 9/25/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotless Brands LLC | TL 1L 02/23 | 5859 | 5660 | 5918 | 10/13/2023 | 0.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Education LLC | TL 1L DD 05/24 | 2987 | 1643 | 1697 | 5/1/2024 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Education LLC | TL 1L 05/24 (Unitranche) | 11391 | 11346 | 11505 | 5/1/2024 | 0.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Education LLC | Revolver 1L 05/24 | 1767 |  |  | 5/1/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L 06/25 (2025 Incremental) | 1108 | 1108 | 1120 | 6/17/2025 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L DD-A 06/25 | 1910 |  | 19 | 6/17/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L 06/25 (2025 Replacement) | 51706 | 51706 | 52223 | 6/17/2025 | 3.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L DD-B 06/25 | 10687 | 4161 | 4344 | 6/17/2025 | 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | TL 1L DD-C 06/25 | 5305 | (38) | 53 | 6/17/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarience Technologies LLC | Revolver 1L 06/25 (2025 Replacement) | 5305 |  |  | 6/17/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USIC Holdings Inc | TL 1L 09/24 | 36970 | 36813 | 37709 | 9/10/2024 | 2.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USIC Holdings Inc | Revolver 1L 09/24 | 4741 | 1653 | 1653 | 9/10/2024 | 0.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USIC Holdings Inc | TL 1L DD 09/24 | 2191 | 997 | 1041 | 9/10/2024 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Express Inc | TL 1L DD 08/24 | 5817 | 1231 | 1314 | 8/15/2024 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Express Inc | Revolver 1L 08/24 | 3330 |  |  | 8/15/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Express Inc | TL 1L 08/24 | 24289 | 24187 | 24532 | 8/15/2024 | 1.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L DD 09/25 | 4185 | (10) |  | 9/12/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L DD-2 11/24 USD | 3655 | (16) |  | 11/21/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L 11/24 GBP | 10520 | 13194 | 14148 | 11/21/2024 | 1.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | TL 1L 11/24 USD | 28729 | 28603 | 28729 | 11/21/2024 | 2.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Veriforce LLC | Revolver 1L 11/24 | 2923 |  |  | 11/21/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | TL 1L DD 12/24 | 4237 | 657 | 676 | 12/30/2024 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | TL 1L DD 08/25 (Add-on & Reprice) | 1529 | (4) | 4 | 8/29/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | TL 1L DD 02/24 | 597 | 594 | 598 | 2/2/2024 | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Enhancement Group LLC | Revolver 1L 05/22 (Add-on) | 176 |  |  | 2/2/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Inc | TL 1L 09/25 | 39890 | 39890 | 39890 | 4/5/2032 | 2.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Inc | TL 1L DD 09/25 | 10185 | (102) | (102) | 4/5/2032 | -0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Inc | Revolver 1L 09/25 | 5092 | 662 | 662 | 4/5/2031 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | TL 1L DD 02/25 (Amendment #1) | 1451 | 1437 | 1465 | 2/20/2025 | 0.10% |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g870225g01k01.jpg)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> US Direct Lending Fund-U Inc. | September 30, 2025 (Unaudited) |
| ![LOGO](g870225g01k01.jpg)  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer<sup>(1)</sup>** | **Asset** | **Par/Shares** | **Cost** | **Value** | **Acquisition**<br> **Date** | **% of Net <br>Assets** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | Revolver 1L 02/25 | 1724 | $— | $— | 2/20/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | TL 1L 02/25 (Restated) | 15151 | 15151 | 15296 | 2/20/2025 | 1.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spins LLC | TL 1L DD 02/25 (Restated) | 1187 | 1182 | 1199 | 2/20/2025 | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zeus Industrial Products Inc | TL 1L DD 02/24 | 4823 | 2379 | 2190 | 2/28/2024 | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zeus Industrial Products Inc | Revolver 1L 02/24 | 3624 |  | (163) | 2/28/2024 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zeus Industrial Products Inc | TL 1L 02/24 PIK | 25842 | 25693 | 24677 | 2/28/2024 | 1.76% |
|  **Subordinated Debt** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | TL Mezz 02/25 (PIK) | 721 | 721 | 721 | 2/28/2025 | 0.05% |
|  **Equity** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | Common Stock | 423 | 1117 | 44 | 2/28/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alacrity Solutions Group LLC | Perp (Pref Equity) PIK | 452 | 452 | 324 | 2/28/2025 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Era Technology Inc | Common Stock (Takeback) | 1675 |  |  | 8/21/2025 | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Era Technology Inc | Perp (Pref Equity) PIK | 1675 | 851 | 851 | 8/21/2025 | 0.06% |
|  Total |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1026279 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1037193 |  |  |

---

<sup>(1)</sup> Refer to the Consolidated Schedule of Investments for more details on securities listed

<sup>(2)</sup> Par value is in GBP

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** KKR US Direct Lending Fund-U Inc.

- **b. Investment Company Act file number:** 811-23908

- **c. CIK number of Registrant:** 0001987990

- **d. LEI of Registrant:** 254900VH9VGIHM4GA761

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

  - **Street Address 1:** 555 California St, 50th Floor

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94104

  - **Telephone number:** 415-315-3620

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

- **a. Name of Series:** KKR US Direct Lending Fund-U Inc.

- **c. LEI of Series:** 254900VH9VGIHM4GA761

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1454668028.90

**Total Liabilities:** $50088179.04

**Net Assets:** $1404579849.86

**Cash Not Reported:** $7422924.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 110792.338913972200 | **5-Year:** 110792.338913972200 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

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

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.93%                | 0.79%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28534.61                | $1914495.11                                |
| Month 2  | $-1447016.51             | $1348610.99                                |
| Month 3  | $416396.73               | $-831988.16                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CLEAResult Consulting Inc                                       | CLEAResult Consulting Inc - Revolver 1L 08/24                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2366170 | PA      | $0.00         | 0.00%             | 2031-08-27      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| CLEAResult Consulting Inc                                       | CLEAResult Consulting Inc - TL 1L 08/24                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14090542 | PA      | $14231447.77  | 1.01%             | 2031-08-27      | Floating      | 8.91%                 | Yes           |                  3 | On Loan: No      |
| CSafe Global                                                    | CSafe Global - TL 1L DD 03/24                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1451390 | PA      | $1465903.88   | 0.10%             | 2028-12-14      | Floating      | 9.95%                 | Yes           |                  3 | On Loan: No      |
| CSafe Global                                                    | CSafe Global - TL 1L 03/24 (GBP)                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4786461 | PA      | $6501684.13   | 0.46%             | 2028-12-14      | Floating      | 9.95%                 | Yes           |                  3 | On Loan: No      |
| CSafe Global                                                    | CSafe Global - Revolver 1L 03/24                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3598471 | PA      | $2878776.80   | 0.20%             | 2029-03-08      | Floating      | 4.48%                 | Yes           |                  3 | On Loan: No      |
| CSafe Global                                                    | CSafe Global - TL 1L 03/24 Incremental                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  34305283 | PA      | $34648335.36  | 2.47%             | 2028-12-14      | Floating      | 9.95%                 | Yes           |                  3 | On Loan: No      |
| CSafe Global                                                    | CSafe Global - TL 1L 11/24 (Incremental)                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    804810 | PA      | $812857.70    | 0.06%             | 2028-12-14      | Floating      | 9.95%                 | Yes           |                  3 | On Loan: No      |
| Xylem Kendall                                                   | Xylem Kendall - Revolver 1L 06/25                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1156688 | PA      | $493520.21    | 0.04%             | 2030-04-22      | Floating      | 4.22%                 | No            |                  3 | On Loan: No      |
| Xylem Kendall                                                   | Xylem Kendall - TL 1L DD 06/25 (7th Amendment)                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8424061 | PA      | $1625843.84   | 0.12%             | 2030-04-22      | Floating      | 2.46%                 | No            |                  3 | On Loan: No      |
| Follett Software Co                                             | Follett Software Co - Revolver 1L 04/25                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    890672 | PA      | $0.00         | 0.00%             | 2030-08-30      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Follett Software Co                                             | Follett Software Co - TL 1L 04/25                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   9537896 | PA      | $9617060.29   | 0.68%             | 2031-08-29      | Floating      | 8.66%                 | Yes           |                  3 | On Loan: No      |
| Galway Partners Holdings LLC                                    | Galway Partners Holdings LLC - TL 1L 07/24 (Reprice)                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14020904 | PA      | $14020903.69  | 1.00%             | 2028-09-29      | Floating      | 8.50%                 | Yes           |                  3 | On Loan: No      |
| Galway Partners Holdings LLC                                    | Galway Partners Holdings LLC - Revolver 1L 09/21                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    746128 | PA      | $157452.87    | 0.01%             | 2028-09-29      | Floating      | 2.02%                 | Yes           |                  3 | On Loan: No      |
| Galway Partners Holdings LLC                                    | Galway Partners Holdings LLC - TL 1L DD 04/23                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   7941071 | PA      | $7941070.67   | 0.57%             | 2028-09-29      | Floating      | 8.50%                 | Yes           |                  3 | On Loan: No      |
| Gigamon Inc                                                     | Gigamon Inc - TL 1L 03/22                                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4395211 | PA      | $4109521.88   | 0.29%             | 2029-03-09      | Floating      | 10.22%                | Yes           |                  3 | On Loan: No      |
| Granicus Inc                                                    | Granicus Inc - Revolver 1L 01/24                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2282361 | PA      | $0.00         | 0.00%             | 2031-01-17      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Granicus Inc                                                    | Granicus Inc - TL 1L DD 01/24                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   6128246 | PA      | $6189528.35   | 0.44%             | 2031-01-17      | Floating      | 9.56%                 | Yes           |                  3 | On Loan: No      |
| Granicus Inc                                                    | Granicus Inc - TL 1L 01/24 (Unitranche)                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  16497113 | PA      | $16662084.11  | 1.19%             | 2031-01-17      | Floating      | 10.06%                | Yes           |                  3 | On Loan: No      |
| Granicus Inc                                                    | Granicus Inc - TL 1L DD 08/24                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1409873 | PA      | $14098.73     | 0.00%             | 2031-01-17      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Vitu                                                            | Vitu - TL 1L 01/25                                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14529093 | PA      | $14819674.69  | 1.06%             | 2032-01-06      | Floating      | 8.50%                 | Yes           |                  3 | On Loan: No      |
| Vitu                                                            | Vitu - Revolver 1L 01/25                                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2366895 | PA      | $0.00         | 0.00%             | 2031-01-06      | Floating      | 0.38%                 | Yes           |                  3 | On Loan: No      |
| Netsmart Technologies Inc                                       | Netsmart Technologies Inc - TL 1L DD 08/24                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4838147 | PA      | $48381.47     | 0.00%             | 2031-08-25      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Netsmart Technologies Inc                                       | Netsmart Technologies Inc - TL 1L 08/24                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  37243160 | PA      | $37615591.51  | 2.68%             | 2031-08-25      | Floating      | 9.11%                 | Yes           |                  3 | On Loan: No      |
| Wealth Enhancement Group LLC                                    | Wealth Enhancement Group LLC - TL 1L DD 08/25 (Add-on & Reprice)                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1529303 | PA      | $3670.33      | 0.00%             | 2028-10-02      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Wealth Enhancement Group LLC                                    | Wealth Enhancement Group LLC - TL 1L DD 02/24                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    596915 | PA      | $598347.19    | 0.04%             | 2028-10-02      | Floating      | 8.79%                 | Yes           |                  3 | On Loan: No      |
| Wealth Enhancement Group LLC                                    | Wealth Enhancement Group LLC - Revolver 1L 05/22 (Add-on)                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    175522 | PA      | $0.00         | 0.00%             | 2028-10-02      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Spins LLC                                                       | Spins LLC - TL 1L DD 02/25 (Amendment #1)                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1451342 | PA      | $1465274.86   | 0.10%             | 2029-01-22      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Spins LLC                                                       | Spins LLC - Revolver 1L 02/25                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1723886 | PA      | $0.00         | 0.00%             | 2029-01-22      | Floating      | 0.38%                 | Yes           |                  3 | On Loan: No      |
| Spins LLC                                                       | Spins LLC - TL 1L 02/25 (Restated)                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  15151012 | PA      | $15296461.75  | 1.09%             | 2029-01-22      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| Spins LLC                                                       | Spins LLC - TL 1L DD 02/25 (Restated)                                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1187462 | PA      | $1198861.35   | 0.09%             | 2029-01-22      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| West Star Aviation Inc                                          | West Star Aviation Inc - TL 1L DD 05/25                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2992228 | PA      | $11968.91     | 0.00%             | 2032-05-20      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| West Star Aviation Inc                                          | West Star Aviation Inc - TL 1L 05/25                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14262953 | PA      | $14320004.81  | 1.02%             | 2032-05-20      | Floating      | 8.66%                 | No            |                  3 | On Loan: No      |
| West Star Aviation Inc                                          | West Star Aviation Inc - Revolver 1L 05/25                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1994819 | PA      | $398963.78    | 0.03%             | 2032-05-20      | Floating      | 1.93%                 | No            |                  3 | On Loan: No      |
| Woolpert Inc                                                    | Woolpert Inc - TL 1L DD 09/25                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  10184684 | PA      | $-101846.84   | -0.01%            | 2032-04-05      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Woolpert Inc                                                    | Woolpert Inc - TL 1L 09/25                                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  39889797 | PA      | $39889796.55  | 2.84%             | 2032-04-05      | Floating      | 8.76%                 | Yes           |                  3 | On Loan: No      |
| Woolpert Inc                                                    | Woolpert Inc - Revolver 1L 09/25                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5092342 | PA      | $662004.46    | 0.05%             | 2031-04-05      | Floating      | 1.47%                 | Yes           |                  3 | On Loan: No      |
| Zeus Industrial Products Inc                                    | Zeus Industrial Products Inc - TL 1L DD 02/24                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4823079 | PA      | $2189791.20   | 0.16%             | 2031-02-28      | Floating      | 3.83%                 | Yes           |                  3 | On Loan: No      |
| Zeus Industrial Products Inc                                    | Zeus Industrial Products Inc - Revolver 1L 02/24                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3623651 | PA      | $-163426.66   | -0.01%            | 2030-02-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Med-Metrix                                                      | Med-Metrix - TL 1L 07/25                                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  28685629 | PA      | $28542200.86  | 2.03%             | 2032-07-21      | Floating      | 8.91%                 | Yes           |                  3 | On Loan: No      |
| Zeus Industrial Products Inc                                    | Zeus Industrial Products Inc - TL 1L 02/24                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  25841988 | PA      | $24676514.60  | 1.76%             | 2031-02-28      | Floating      | 10.00%                | Yes           |                  3 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund    | State Street Institutional U.S. Government Money Market Fund - Opportunity Class    | CUSIP: N/A<br>LEI: N/A | Long             | STIV             | RF                | US        |  98023707 | NS      | $98023707.06  | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon U.S. Treasury Fund                                   | BNY Mellon U.S. Treasury Fund                                                       | CUSIP: N/A<br>LEI: N/A | Long             | STIV             | RF                | US        |   4212330 | NS      | $4212329.83   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - Common Stock                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |       423 | PA      | $44202.61     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| New Era Technology Inc                                          | New Era Technology Inc Common Stock (Takeback)                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |      1675 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - 8.000% Perp (Pref Equity)                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |       452 | PA      | $324181.06    | 0.02%             | N/A             | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| New Era Technology Inc                                          | New Era Technology Inc Preferred Stock                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |      1675 | PA      | $850600.18    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Arcwood Environmental (fka Heritage Environmental Services Inc) | Arcwood Environmental (fka Heritage Environmental Services Inc) - TL 1L 09/24       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1824637 | PA      | $1842883.34   | 0.13%             | 2031-01-31      | Floating      | 9.00%                 | Yes           |                  3 | On Loan: No      |
| Arcwood Environmental (fka Heritage Environmental Services Inc) | Arcwood Environmental (fka Heritage Environmental Services Inc) - TL 1L 01/24       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  16460992 | PA      | $16625601.97  | 1.18%             | 2031-01-31      | Floating      | 9.56%                 | Yes           |                  3 | On Loan: No      |
| Arcwood Environmental (fka Heritage Environmental Services Inc) | Arcwood Environmental (fka Heritage Environmental Services Inc) - Revolver 1L 01/24 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2454321 | PA      | $0.00         | 0.00%             | 2030-01-31      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Higginbotham Insurance Agency Inc                               | Higginbotham Insurance Agency Inc - TL 1L DD 03/24                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2303914 | PA      | $1319022.83   | 0.09%             | 2028-11-24      | Floating      | 3.56%                 | Yes           |                  3 | On Loan: No      |
| Horizon CTS Buyer LLC                                           | Horizon CTS Buyer LLC - TL 1L DD 03/25                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2215827 | PA      | $12408.63     | 0.00%             | 2032-03-29      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| Horizon CTS Buyer LLC                                           | Horizon CTS Buyer LLC - TL 1L 03/25                                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  11714525 | PA      | $11780126.63  | 0.84%             | 2032-03-29      | Floating      | 8.50%                 | No            |                  3 | On Loan: No      |
| Horizon CTS Buyer LLC                                           | Horizon CTS Buyer LLC - Revolver 1L 03/25                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2769784 | PA      | $886330.88    | 0.06%             | 2032-03-29      | Floating      | 3.37%                 | No            |                  3 | On Loan: No      |
| Learning Experience Corp/The                                    | Learning Experience Corp/The - TL 1L 07/25                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5099154 | PA      | $5099154.00   | 0.36%             | 2032-07-01      | Floating      | 8.75%                 | No            |                  3 | On Loan: No      |
| Learning Experience Corp/The                                    | Learning Experience Corp/The - Revolver 1L 07/25                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1121814 | PA      | $0.00         | 0.00%             | 2032-07-01      | Floating      | 0.25%                 | No            |                  3 | On Loan: No      |
| Insight Global LLC                                              | Insight Global LLC - Revolver 1L 11/24 (Refinance)                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3326442 | PA      | $0.00         | 0.00%             | 2028-09-22      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Insight Global LLC                                              | Insight Global LLC - TL 1L 11/24 (Refinance)                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5820809 | PA      | $5820809.43   | 0.41%             | 2028-09-22      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Integrity Marketing Group LLC                                   | Integrity Marketing Group LLC - TL 1L DD 08/24                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2498928 | PA      | $0.00         | 0.00%             | 2028-08-25      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Integrity Marketing Group LLC                                   | Integrity Marketing Group LLC - Revolver 1L 08/24                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    543333 | PA      | $0.00         | 0.00%             | 2028-08-25      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Integrity Marketing Group LLC                                   | Integrity Marketing Group LLC - TL 1L 08/24                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  22176797 | PA      | $22176796.90  | 1.58%             | 2028-08-25      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| Circana Group (f.k.a. NPD Group)                                | Circana Group (f.k.a. NPD Group) - Revolver 1L 04/25                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    691471 | PA      | $0.00         | 0.00%             | 2028-12-01      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Circana Group (f.k.a. NPD Group)                                | Circana Group (f.k.a. NPD Group) - TL 1L 04/25                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   9443635 | PA      | $9538071.07   | 0.68%             | 2029-12-01      | Floating      | 8.66%                 | Yes           |                  3 | On Loan: No      |
| J S Held LLC                                                    | J S Held LLC - TL 1L DD 10/24                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5213873 | PA      | $2248035.96   | 0.16%             | 2028-06-01      | Floating      | 3.56%                 | Yes           |                  3 | On Loan: No      |
| J S Held LLC                                                    | J S Held LLC - Revolver 1L 10/24                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1804383 | PA      | $0.00         | 0.00%             | 2028-06-01      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| J S Held LLC                                                    | J S Held LLC - TL 1L B 10/24                                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  31084313 | PA      | $31084313.05  | 2.21%             | 2028-06-01      | Floating      | 9.65%                 | Yes           |                  3 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - Revolver 1L 02/25                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    869272 | PA      | $0.00         | 0.00%             | 2030-02-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - TL 1L DD 02/25 (Exit)                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1156899 | PA      | $0.00         | 0.00%             | 2030-02-28      | Floating      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - TL 1L 02/25 (Takeback)                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2088458 | PA      | $2088458.03   | 0.15%             | 2030-02-28      | Floating      | 10.45%                | Yes           |                  3 | On Loan: No      |
| OEConnection LLC                                                | OEConnection LLC - Revolver 1L 04/24                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2002183 | PA      | $0.00         | 0.00%             | 2031-04-22      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Safe-Guard Products International LLC                           | Safe-Guard Products International LLC - TL 1L 03/24                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14358529 | PA      | $14502114.21  | 1.03%             | 2030-04-03      | Floating      | 9.05%                 | Yes           |                  3 | On Loan: No      |
| Safe-Guard Products International LLC                           | Safe-Guard Products International LLC - Revolver 1L 03/24                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2450356 | PA      | $0.00         | 0.00%             | 2030-04-03      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Shaw Development LLC                                            | Shaw Development LLC - TL 1L 10/23                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5665000 | PA      | $5433867.98   | 0.39%             | 2029-10-30      | Floating      | 10.31%                | Yes           |                  3 | On Loan: No      |
| Personify Health Inc                                            | Personify Health Inc - TL 1L 11/23 PIK                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8916999 | PA      | $8627196.65   | 0.61%             | 2029-11-08      | Floating      | 10.42%                | No            |                  3 | On Loan: No      |
| Spotless Brands LLC                                             | Spotless Brands LLC - TL 1L DD 02/23                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8920542 | PA      | $9009747.15   | 0.64%             | 2028-07-25      | Floating      | 9.62%                 | Yes           |                  3 | On Loan: No      |
| Spotless Brands LLC                                             | Spotless Brands LLC - TL 1L DD E 08/24                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8165503 | PA      | $7229909.25   | 0.51%             | 2028-07-25      | Floating      | 5.24%                 | Yes           |                  3 | On Loan: No      |
| Spotless Brands LLC                                             | Spotless Brands LLC - TL 1L DDTL 09/25                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3480668 | PA      | $-13052.50    | -0.00%            | 2028-07-25      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Spotless Brands LLC                                             | Spotless Brands LLC - TL 1L 02/23                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5859023 | PA      | $5917613.63   | 0.42%             | 2028-07-25      | Floating      | 9.62%                 | Yes           |                  3 | On Loan: No      |
| Cadence Education LLC                                           | Cadence Education LLC - TL 1L DD 05/24                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2987228 | PA      | $1697176.12   | 0.12%             | 2031-05-01      | Floating      | 3.94%                 | Yes           |                  3 | On Loan: No      |
| Cadence Education LLC                                           | Cadence Education LLC - TL 1L 05/24 (Unitranche)                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  11391125 | PA      | $11505036.37  | 0.82%             | 2031-05-01      | Floating      | 9.30%                 | Yes           |                  3 | On Loan: No      |
| Cadence Education LLC                                           | Cadence Education LLC - Revolver 1L 05/24                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1767022 | PA      | $0.00         | 0.00%             | 2030-05-01      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC                                      | Clarience Technologies LLC - TL 1L 06/25 (2025 Incremental)                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1108444 | PA      | $1119528.78   | 0.08%             | 2032-02-13      | Floating      | 9.89%                 | Yes           |                  3 | On Loan: No      |
| Xylem Kendall                                                   | Xylem Kendall - TL 1L 06/25                                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5604617 | PA      | $5604617.34   | 0.40%             | 2030-04-22      | Floating      | 10.38%                | No            |                  3 | On Loan: No      |
| Xylem Kendall                                                   | Xylem Kendall - TL 1L DD-A 06/25 (6th Amendment)                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    342191 | PA      | $342190.96    | 0.02%             | 2030-04-22      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| Dental Care Alliance Inc                                        | Dental Care Alliance Inc - TL 1L 03/21                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3771158 | PA      | $3568646.82   | 0.25%             | 2028-04-03      | Floating      | 10.41%                | Yes           |                  3 | On Loan: No      |
| Dental Care Alliance Inc                                        | Dental Care Alliance Inc - TL 1L DD 02/22 (add-on)                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    205986 | PA      | $194399.58    | 0.01%             | 2028-04-03      | Floating      | 10.41%                | Yes           |                  3 | On Loan: No      |
| Dental Care Alliance Inc                                        | Dental Care Alliance Inc - TL 1L 02/22 (Add-on)                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    412366 | PA      | $390221.72    | 0.03%             | 2028-04-03      | Floating      | 10.41%                | Yes           |                  3 | On Loan: No      |
| DuBois Chemicals Inc                                            | DuBois Chemicals Inc - TL 1L DD 06/24                                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3817850 | PA      | $2328888.50   | 0.17%             | 2031-06-13      | Floating      | 4.00%                 | Yes           |                  3 | On Loan: No      |
| DuBois Chemicals Inc                                            | DuBois Chemicals Inc - TL 1L 06/24                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  22830741 | PA      | $23059048.41  | 1.64%             | 2031-06-13      | Floating      | 9.00%                 | Yes           |                  3 | On Loan: No      |
| DOXA Insurance Holdings LLC                                     | DOXA Insurance Holdings LLC - TL 1L DD 05/24                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4371028 | PA      | $23603.55     | 0.00%             | 2030-12-20      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| DOXA Insurance Holdings LLC                                     | DOXA Insurance Holdings LLC - TL 1L DD 12/23                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4490037 | PA      | $4447223.14   | 0.32%             | 2030-12-20      | Floating      | 5.10%                 | Yes           |                  3 | On Loan: No      |
| DOXA Insurance Holdings LLC                                     | DOXA Insurance Holdings LLC - Revolver 1L 12/23                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1027092 | PA      | $123251.05    | 0.01%             | 2029-12-20      | Floating      | 1.44%                 | Yes           |                  3 | On Loan: No      |
| DOXA Insurance Holdings LLC                                     | DOXA Insurance Holdings LLC - TL 1L 12/23                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4720843 | PA      | $4720842.72   | 0.34%             | 2030-12-20      | Floating      | 9.25%                 | Yes           |                  3 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc                               | Eagle Railcar Services Roscoe Inc - TL 1L DD 06/25                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1932571 | PA      | $0.00         | 0.00%             | 2032-06-14      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc                               | Eagle Railcar Services Roscoe Inc - TL 1L 06/25                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   9276341 | PA      | $9276341.00   | 0.66%             | 2032-06-14      | Floating      | 8.50%                 | No            |                  3 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc                               | Eagle Railcar Services Roscoe Inc - Revolver 1L 06/25                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1739314 | PA      | $0.00         | 0.00%             | 2032-06-14      | Floating      | 5.00%                 | No            |                  3 | On Loan: No      |
| Turnpoint Services Inc                                          | Turnpoint Services Inc - TL 1L DD 06/24                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1978155 | PA      | $-7714.80     | -0.00%            | 2031-06-17      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Turnpoint Services Inc                                          | Turnpoint Services Inc - Revolver 1L 06/24                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1236380 | PA      | $242454.12    | 0.02%             | 2030-06-17      | Floating      | 1.95%                 | Yes           |                  3 | On Loan: No      |
| Turnpoint Services Inc                                          | Turnpoint Services Inc - TL 1L 06/24                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  10088457 | PA      | $10049112.02  | 0.72%             | 2031-06-17      | Floating      | 9.32%                 | Yes           |                  3 | On Loan: No      |
| Misys Ltd                                                       | Misys Ltd - TL 1L 09/23                                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4084825 | PA      | $4125672.84   | 0.29%             | 2029-09-13      | Floating      | 11.29%                | No            |                  3 | On Loan: No      |
| Flexera Software LLC                                            | Flexera Software LLC - TL 1L 08/25 EUR                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   6270273 | PA      | $7354252.41   | 0.52%             | 2032-08-16      | Floating      | 6.63%                 | No            |                  3 | On Loan: No      |
| Flexera Software LLC                                            | Flexera Software LLC - TL 1L 08/25                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  20776922 | PA      | $20756145.08  | 1.48%             | 2032-08-16      | Floating      | 8.96%                 | No            |                  3 | On Loan: No      |
| Flexera Software LLC                                            | Flexera Software LLC - Revolver 1L 08/25                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1685297 | PA      | $-1685.30     | -0.00%            | 2032-08-16      | Floating      | 0.38%                 | No            |                  3 | On Loan: No      |
| Foundation Risk Partners Corp                                   | Foundation Risk Partners Corp - TL 1L DD 11/23                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   7065760 | PA      | $7136418.00   | 0.51%             | 2030-10-29      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Foundation Risk Partners Corp                                   | Foundation Risk Partners Corp - TL 1L DD 02/25                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5957620 | PA      | $357457.20    | 0.03%             | 2030-10-29      | Floating      | 1.39%                 | Yes           |                  3 | On Loan: No      |
| Foundation Risk Partners Corp                                   | Foundation Risk Partners Corp - TL 1L DD 05/24                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3169395 | PA      | $3201088.97   | 0.23%             | 2030-10-29      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Foundation Risk Partners Corp                                   | Foundation Risk Partners Corp - TL 1L DD 10/21                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    293796 | PA      | $296734.38    | 0.02%             | 2030-10-29      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Foundation Risk Partners Corp                                   | Foundation Risk Partners Corp - Revolver 1L 10/21                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1195216 | PA      | $0.00         | 0.00%             | 2029-10-29      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Foundation Risk Partners Corp                                   | Foundation Risk Partners Corp - TL 1L 10/21                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4103675 | PA      | $4144711.80   | 0.30%             | 2030-10-29      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Frontline Road Safety LLC                                       | Frontline Road Safety LLC - TL 1L DD 05/25 (Add-on)                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5749091 | PA      | $5300106.01   | 0.38%             | 2032-03-04      | Floating      | 4.86%                 | Yes           |                  3 | On Loan: No      |
| Frontline Road Safety LLC                                       | Frontline Road Safety LLC - TL 1L DD 03/25                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  11686131 | PA      | $11748067.11  | 0.84%             | 2032-03-04      | Floating      | 9.07%                 | Yes           |                  3 | On Loan: No      |
| Frontline Road Safety LLC                                       | Frontline Road Safety LLC - Revolver 1L 03/25                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   6728837 | PA      | $1177546.48   | 0.08%             | 2032-03-04      | Floating      | 1.41%                 | Yes           |                  3 | On Loan: No      |
| MAI Capital Management LLC                                      | MAI Capital Management LLC - Revolver 1L 08/24                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1966899 | PA      | $354041.82    | 0.03%             | 2031-08-29      | Floating      | 1.88%                 | Yes           |                  3 | On Loan: No      |
| MB2 Dental Solutions LLC                                        | MB2 Dental Solutions LLC - TL 1L DD 1 02/24                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  10545189 | PA      | $4904174.16   | 0.35%             | 2031-02-13      | Floating      | 3.91%                 | Yes           |                  3 | On Loan: No      |
| MB2 Dental Solutions LLC                                        | MB2 Dental Solutions LLC - TL 1L DD 2 02/24                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4351335 | PA      | $4394848.10   | 0.31%             | 2031-02-13      | Floating      | 9.66%                 | Yes           |                  3 | On Loan: No      |
| MB2 Dental Solutions LLC                                        | MB2 Dental Solutions LLC - Revolver 1L 02/24                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2112672 | PA      | $0.00         | 0.00%             | 2031-02-13      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| MB2 Dental Solutions LLC                                        | MB2 Dental Solutions LLC - TL 1L 02/24 (Unitranche)                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  30049373 | PA      | $30349867.06  | 2.16%             | 2031-02-13      | Floating      | 9.66%                 | Yes           |                  3 | On Loan: No      |
| Med-Metrix                                                      | Med-Metrix - TL 1L DD 07/25                                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  11931191 | PA      | $-59655.95    | -0.00%            | 2032-07-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Med-Metrix                                                      | Med-Metrix - Revolver 1L 07/25                                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5077102 | PA      | $-25385.51    | -0.00%            | 2032-07-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Netsmart Technologies Inc                                       | Netsmart Technologies Inc - Revolver 1L 08/24                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4934902 | PA      | $0.00         | 0.00%             | 2031-08-25      | Floating      | 0.38%                 | Yes           |                  3 | On Loan: No      |
| New Era Technology Inc                                          | New Era Technology Inc - TL 1L 08/25                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1765102 | PA      | $1765101.80   | 0.13%             | 2030-06-30      | Floating      | 10.40%                | Yes           |                  3 | On Loan: No      |
| OEConnection LLC                                                | OEConnection LLC - TL 1L 04/24                                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  18221420 | PA      | $18403634.30  | 1.31%             | 2031-04-22      | Floating      | 9.41%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC                                      | Clarience Technologies LLC - TL 1L DD-A 06/25                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1909739 | PA      | $19097.39     | 0.00%             | 2032-02-13      | Floating      | 6.50%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC                                      | Clarience Technologies LLC - TL 1L 06/25 (2025 Replacement)                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  51705762 | PA      | $52222819.24  | 3.72%             | 2032-02-13      | Floating      | 9.89%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC                                      | Clarience Technologies LLC - TL 1L DD-B 06/25                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  10687455 | PA      | $4344342.30   | 0.31%             | 2032-02-13      | Floating      | 4.53%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC                                      | Clarience Technologies LLC - TL 1L DD-C 06/25                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5304831 | PA      | $53048.31     | 0.00%             | 2032-02-13      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC                                      | Clarience Technologies LLC - Revolver 1L 06/25 (2025 Replacement)                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5304831 | PA      | $0.00         | 0.00%             | 2031-02-13      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| USIC Holdings Inc                                               | USIC Holdings Inc - TL 1L 09/24                                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  36969844 | PA      | $37709240.79  | 2.68%             | 2031-09-10      | Floating      | 9.70%                 | Yes           |                  3 | On Loan: No      |
| USIC Holdings Inc                                               | USIC Holdings Inc - Revolver 1L 09/24                                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4740809 | PA      | $1652510.56   | 0.12%             | 2031-09-10      | Floating      | 2.85%                 | Yes           |                  3 | On Loan: No      |
| USIC Holdings Inc                                               | USIC Holdings Inc - TL 1L DD 09/24                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2191090 | PA      | $1041169.86   | 0.07%             | 2031-09-10      | Floating      | 3.03%                 | Yes           |                  3 | On Loan: No      |
| Vermont Information Processing Inc                              | Vermont Information Processing Inc - TL 1L 01/25                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5992124 | PA      | $5992123.90   | 0.43%             | 2032-01-30      | Floating      | 8.75%                 | No            |                  3 | On Loan: No      |
| Vermont Information Processing Inc                              | Vermont Information Processing Inc - TL 1L DD 01/25                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2502932 | PA      | $0.00         | 0.00%             | 2032-01-30      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| Vermont Information Processing Inc                              | Vermont Information Processing Inc - Revolver 1L 12/24                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    750914 | PA      | $250304.79    | 0.02%             | 2032-01-30      | Floating      | 2.84%                 | No            |                  3 | On Loan: No      |
| Service Express Inc                                             | Service Express Inc - TL 1L DD 08/24                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5817309 | PA      | $1313931.27   | 0.09%             | 2031-08-15      | Floating      | 2.42%                 | Yes           |                  3 | On Loan: No      |
| Service Express Inc                                             | Service Express Inc - Revolver 1L 08/24                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3329599 | PA      | $0.00         | 0.00%             | 2031-08-15      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Service Express Inc                                             | Service Express Inc - TL 1L 08/24                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  24289134 | PA      | $24532025.47  | 1.75%             | 2031-08-15      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Veriforce LLC                                                   | Veriforce LLC - TL 1L DD 09/25                                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4185433 | PA      | $0.00         | 0.00%             | 2031-11-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Veriforce LLC                                                   | Veriforce LLC - TL 1L DD-2 11/24 USD                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3655177 | PA      | $0.00         | 0.00%             | 2031-11-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Veriforce LLC                                                   | Veriforce LLC - TL 1L 11/24 GBP                                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  10520098 | PA      | $14148479.82  | 1.01%             | 2031-11-21      | Floating      | 8.72%                 | Yes           |                  3 | On Loan: No      |
| Veriforce LLC                                                   | Veriforce LLC - TL 1L 11/24 USD                                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  28729342 | PA      | $28729341.70  | 2.05%             | 2031-11-21      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Veriforce LLC                                                   | Veriforce LLC - Revolver 1L 11/24                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2923307 | PA      | $0.00         | 0.00%             | 2031-11-21      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Wealth Enhancement Group LLC                                    | Wealth Enhancement Group LLC - TL 1L DD 12/24                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4236995 | PA      | $675765.34    | 0.05%             | 2028-10-02      | Floating      | 1.63%                 | Yes           |                  3 | On Loan: No      |
| Affordable Care Inc                                             | Affordable Care Inc - TL 1L DD 08/21                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    594399 | PA      | $569314.92    | 0.04%             | 2028-08-02      | Floating      | 10.26%                | Yes           |                  3 | On Loan: No      |
| Affordable Care Inc                                             | Affordable Care Inc - TL 1L DD 08/23                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    644160 | PA      | $616976.15    | 0.04%             | 2028-08-02      | Floating      | 10.26%                | Yes           |                  3 | On Loan: No      |
| Affordable Care Inc                                             | Affordable Care Inc - TL 1L 08/21                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3321490 | PA      | $3181322.67   | 0.23%             | 2028-08-02      | Floating      | 10.26%                | Yes           |                  3 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - TL 1L 03/25 (PIK Upfront Fee)                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |     72386 | PA      | $72386.07     | 0.01%             | 2030-02-28      | Floating      | 9.45%                 | Yes           |                  3 | On Loan: No      |
| Amerivet Partners Management Inc                                | Amerivet Partners Management Inc - TL 1L 02/22                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3812906 | PA      | $3757618.43   | 0.27%             | 2028-02-25      | Floating      | 9.62%                 | Yes           |                  3 | On Loan: No      |
| Apex Service Partners LLC                                       | Apex Service Partners LLC - TL 1L 09/24 (Replacement)                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1921319 | PA      | $1940532.62   | 0.14%             | 2030-10-24      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| Apex Service Partners LLC                                       | Apex Service Partners LLC - TL 1L 09/24                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   7462111 | PA      | $7536732.25   | 0.54%             | 2030-10-24      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| Apex Service Partners LLC                                       | Apex Service Partners LLC - TL 1L DD 09/24 (OpCo)                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  13383607 | PA      | $13517443.19  | 0.96%             | 2030-10-24      | Floating      | 9.17%                 | Yes           |                  3 | On Loan: No      |
| Apex Service Partners LLC                                       | Apex Service Partners LLC - Revolver 1L 09/24                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    641253 | PA      | $0.00         | 0.00%             | 2029-10-24      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Arcwood Environmental (fka Heritage Environmental Services Inc) | Arcwood Environmental (fka Heritage Environmental Services Inc) - TL 1L DD 09/25    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1253915 | PA      | $0.00         | 0.00%             | 2031-01-31      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Arcwood Environmental (fka Heritage Environmental Services Inc) | Arcwood Environmental (fka Heritage Environmental Services Inc) - TL 1L 09/25       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1397219 | PA      | $1397219.00   | 0.10%             | 2031-01-31      | Floating      | 9.00%                 | Yes           |                  3 | On Loan: No      |
| BDO USA PA                                                      | BDO USA PA - TL 1L 08/23                                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5571342 | PA      | $5615912.86   | 0.40%             | 2028-08-31      | Floating      | 9.22%                 | Yes           |                  3 | On Loan: No      |
| Bonterra LLC                                                    | Bonterra LLC - TL 1L DD 03/25                                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5451821 | PA      | $0.00         | 0.00%             | 2032-03-05      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Bonterra LLC                                                    | Bonterra LLC - TL 1L 03/25                                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  50303273 | PA      | $50303272.64  | 3.58%             | 2032-03-05      | Floating      | 9.00%                 | Yes           |                  3 | On Loan: No      |
| Bonterra LLC                                                    | Bonterra LLC - Revolver 1L 03/25                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5451821 | PA      | $817773.15    | 0.06%             | 2032-03-05      | Floating      | 1.70%                 | Yes           |                  3 | On Loan: No      |
| Individual FoodService                                          | Individual FoodService - TL 1L DD B 10/24                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    435416 | PA      | $142874.73    | 0.01%             | 2029-10-31      | Floating      | 3.04%                 | Yes           |                  3 | On Loan: No      |
| Individual FoodService                                          | Individual FoodService - TL 1L B 10/24                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14716914 | PA      | $14716914.40  | 1.05%             | 2029-10-31      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Highgate Hotels Inc                                             | Highgate Hotels Inc - TL 1L 11/23                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4171184 | PA      | $4171184.10   | 0.30%             | 2029-11-05      | Floating      | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Highgate Hotels Inc                                             | Highgate Hotels Inc - Revolver 1L 11/23                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    530690 | PA      | $116751.80    | 0.01%             | 2029-11-05      | Floating      | 2.16%                 | Yes           |                  3 | On Loan: No      |
| ClubCorp Club Operations Inc                                    | ClubCorp Club Operations Inc - TL 1L B-DD 07/25                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1465006 | PA      | $-7325.03     | -0.00%            | 2032-07-09      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ClubCorp Club Operations Inc                                    | ClubCorp Club Operations Inc - Revolver 1L 07/25                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2441676 | PA      | $-12208.38    | -0.00%            | 2031-07-10      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| ClubCorp Club Operations Inc                                    | ClubCorp Club Operations Inc - TL 1L B 07/25                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  22463422 | PA      | $22351104.89  | 1.59%             | 2032-07-09      | Floating      | 9.16%                 | Yes           |                  3 | On Loan: No      |
| CLEAResult Consulting Inc                                       | CLEAResult Consulting Inc - TL 1L DD 08/24                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3549255 | PA      | $35492.55     | 0.00%             | 2031-08-27      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Homrich & Berg Inc                                              | Homrich & Berg Inc - TL 1L DD 11/24                                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   7521095 | PA      | $7548922.61   | 0.54%             | 2031-11-17      | Floating      | 8.91%                 | No            |                  3 | On Loan: No      |
| Homrich & Berg Inc                                              | Homrich & Berg Inc - Revolver 1L 11/24                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1511778 | PA      | $831477.90    | 0.06%             | 2031-08-18      | Floating      | 3.99%                 | No            |                  3 | On Loan: No      |
| Homrich & Berg Inc                                              | Homrich & Berg Inc - TL 1L 11/24                                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   6267579 | PA      | $6290768.67   | 0.45%             | 2031-11-17      | Floating      | 8.91%                 | No            |                  3 | On Loan: No      |
| Arcwood Environmental (fka Heritage Environmental Services Inc) | Arcwood Environmental (fka Heritage Environmental Services Inc) - TL 1L DD 09/24    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    973702 | PA      | $983439.02    | 0.07%             | 2031-01-31      | Floating      | 9.28%                 | Yes           |                  3 | On Loan: No      |
| OEConnection LLC                                                | OEConnection LLC - TL 1L DD 04/24                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3179459 | PA      | $3211253.46   | 0.23%             | 2031-04-22      | Floating      | 9.41%                 | Yes           |                  3 | On Loan: No      |
| OEConnection LLC                                                | OEConnection LLC - TL 1L DD 12/24                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1481559 | PA      | $14815.59     | 0.00%             | 2031-04-22      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PCI Pharma Services                                             | PCI Pharma Services - TL 1L DDTL 01/25 (USD)                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  15432099 | PA      | $123456.79    | 0.01%             | 2032-01-22      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| PCI Pharma Services                                             | PCI Pharma Services - TL 1L 01/25                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  38203914 | PA      | $38509545.15  | 2.74%             | 2032-01-22      | Floating      | 9.06%                 | Yes           |                  3 | On Loan: No      |
| PCI Pharma Services                                             | PCI Pharma Services - TL 1L DD 01/25 (Alternative Currency - EUR/GBP Draw)          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4208754 | PA      | $33670.03     | 0.00%             | 2032-01-22      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| PCI Pharma Services                                             | PCI Pharma Services - Revolver 1L 01/25                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3858025 | PA      | $0.00         | 0.00%             | 2032-01-22      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| PCI Pharma Services                                             | PCI Pharma Services - TL 1L DD 07/25 (Special Interest)                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    701459 | PA      | $5611.67      | 0.00%             | 2032-07-09      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| VetCor Professional Practices LLC                               | VetCor Professional Practices LLC - TL 1L B 08/22                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   4443750 | PA      | $4443750.00   | 0.32%             | 2029-08-31      | Floating      | 9.95%                 | No            |                  3 | On Loan: No      |
| VetCor Professional Practices LLC                               | VetCor Professional Practices LLC - TL 1L DD 09/23                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5028355 | PA      | $5028354.77   | 0.36%             | 2029-08-31      | Floating      | 10.20%                | No            |                  3 | On Loan: No      |
| PSKW LLC (dba ConnectiveRx)                                     | PSKW LLC (dba ConnectiveRx) - TL 1L 12/24                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  31852850 | PA      | $31852850.36  | 2.27%             | 2028-03-09      | Floating      | 9.76%                 | Yes           |                  3 | On Loan: No      |
| Radwell International LLC                                       | Radwell International LLC - TL 1L DD 11/24                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  16176430 | PA      | $483707.46    | 0.03%             | 2029-04-01      | Floating      | 0.68%                 | Yes           |                  3 | On Loan: No      |
| Radwell International LLC                                       | Radwell International LLC - TL 1L 12/22                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  17640407 | PA      | $17816810.70  | 1.27%             | 2029-04-01      | Floating      | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Radwell International LLC                                       | Radwell International LLC - Revolver 1L 04/22                                       | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1360357 | PA      | $362761.89    | 0.03%             | 2029-04-01      | Floating      | 2.81%                 | Yes           |                  3 | On Loan: No      |
| RBmedia                                                         | RBmedia - TL 1L 08/23                                                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   9089439 | PA      | $9180333.02   | 0.65%             | 2030-09-03      | Floating      | 9.95%                 | No            |                  3 | On Loan: No      |
| RBmedia                                                         | RBmedia - TL 1L 08/24 (Incremental)                                                 | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   9437598 | PA      | $9531974.01   | 0.68%             | 2030-09-03      | Floating      | 10.06%                | No            |                  3 | On Loan: No      |
| RBmedia                                                         | RBmedia - TL 1L DD-A 08/25                                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    930838 | PA      | $9308.38      | 0.00%             | 2030-08-31      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| RBmedia                                                         | RBmedia - TL 1L DD-B 08/25                                                          | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2234011 | PA      | $22340.11     | 0.00%             | 2030-08-31      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| RBmedia                                                         | RBmedia - Revolver 1L 08/23                                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3541177 | PA      | $2141176.58   | 0.15%             | 2028-08-31      | Floating      | 4.77%                 | No            |                  3 | On Loan: No      |
| Rockefeller Capital Management LP                               | Rockefeller Capital Management LP - TL 1L DD 06/25                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2523797 | PA      | $0.00         | 0.00%             | 2031-04-04      | Floating      | 1.00%                 | Yes           |                  3 | On Loan: No      |
| Rockefeller Capital Management LP                               | Rockefeller Capital Management LP - TL 1L DD 12/24                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2043057 | PA      | $2043057.38   | 0.15%             | 2031-04-04      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Rockefeller Capital Management LP                               | Rockefeller Capital Management LP - TL 1L 04/24                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8375787 | PA      | $8375787.08   | 0.60%             | 2031-04-04      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Rialto Capital Management LLC                                   | Rialto Capital Management LLC - TL 1L 12/24                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8000538 | PA      | $8080543.77   | 0.58%             | 2030-12-05      | Floating      | 9.16%                 | No            |                  3 | On Loan: No      |
| Rialto Capital Management LLC                                   | Rialto Capital Management LLC - Revolver 1L 12/24                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    298528 | PA      | $0.00         | 0.00%             | 2030-12-05      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| DuBois Chemicals Inc                                            | DuBois Chemicals Inc - Revolver 1L 06/24                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3817850 | PA      | $0.00         | 0.00%             | 2031-06-13      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Sphera Solutions Inc                                            | Sphera Solutions Inc - TL 1L DD 09/25                                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2659996 | PA      | $-6649.99     | -0.00%            | 2032-09-24      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Sphera Solutions Inc                                            | Sphera Solutions Inc - Revolver 1L 09/25                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1773330 | PA      | $337368.73    | 0.02%             | 2032-09-24      | Floating      | 2.05%                 | No            |                  3 | On Loan: No      |
| Sphera Solutions Inc                                            | Sphera Solutions Inc - TL 1L 09/25                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  13033978 | PA      | $13001393.06  | 0.93%             | 2032-09-24      | Floating      | 5.00%                 | No            |                  3 | On Loan: No      |
| Frontline Road Safety LLC                                       | Frontline Road Safety LLC - TL 1L 03/25                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  39840647 | PA      | $40051802.85  | 2.85%             | 2032-03-04      | Floating      | 9.07%                 | Yes           |                  3 | On Loan: No      |
| Alacrity Solutions Group LLC                                    | Alacrity Solutions Group LLC - TL Mezz 02/25 (PIK)                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    720932 | PA      | $720931.68    | 0.05%             | 2030-02-28      | Floating      | 12.20%                | Yes           |                  3 | On Loan: No      |
| Legends Hospitality LLC                                         | Legends Hospitality LLC - TL 1L 08/24                                               | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  31138669 | PA      | $31138668.82  | 2.22%             | 2031-08-22      | Floating      | 9.71%                 | No            |                  3 | On Loan: No      |
| Legends Hospitality LLC                                         | Legends Hospitality LLC - TL 1L DD 08/24                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1791868 | PA      | $1109900.87   | 0.08%             | 2031-08-22      | Floating      | 4.62%                 | No            |                  3 | On Loan: No      |
| Legends Hospitality LLC                                         | Legends Hospitality LLC - Revolver 1L 08/24                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3589299 | PA      | $358929.87    | 0.03%             | 2030-08-22      | Floating      | 1.29%                 | No            |                  3 | On Loan: No      |
| Magna Legal Services LLC                                        | Magna Legal Services LLC - TL 1L DD 11/22                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2422140 | PA      | $2422139.95   | 0.17%             | 2029-11-21      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Magna Legal Services LLC                                        | Magna Legal Services LLC - TL 1L DD 12/23                                           | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3905328 | PA      | $3656763.12   | 0.26%             | 2029-11-21      | Floating      | 5.22%                 | Yes           |                  3 | On Loan: No      |
| Magna Legal Services LLC                                        | Magna Legal Services LLC - TL 1L 11/22                                              | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8652543 | PA      | $8652543.21   | 0.62%             | 2029-11-21      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Magna Legal Services LLC                                        | Magna Legal Services LLC - Revolver 1L 11/22                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1034488 | PA      | $0.00         | 0.00%             | 2028-11-22      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Lazer Logistics Inc                                             | Lazer Logistics Inc - TL 1L DD 05/23                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1704568 | PA      | $1704567.96   | 0.12%             | 2030-05-06      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Lazer Logistics Inc                                             | Lazer Logistics Inc - TL 1L DD 11/23                                                | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1035005 | PA      | $1035004.79   | 0.07%             | 2030-05-06      | Floating      | 9.14%                 | Yes           |                  3 | On Loan: No      |
| Lazer Logistics Inc                                             | Lazer Logistics Inc - TL 1L 11/23                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    514882 | PA      | $514882.09    | 0.04%             | 2030-05-06      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Lazer Logistics Inc                                             | Lazer Logistics Inc - Revolver 1L 05/23                                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1387944 | PA      | $0.00         | 0.00%             | 2029-05-04      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Lazer Logistics Inc                                             | Lazer Logistics Inc - TL 1L B 05/23 (Unitranche)                                    | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  11250150 | PA      | $11250149.55  | 0.80%             | 2030-05-06      | Floating      | 9.31%                 | Yes           |                  3 | On Loan: No      |
| Lipari Foods LLC                                                | Lipari Foods LLC - TL 1L DD 10/22                                                   | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   1885852 | PA      | $1833237.13   | 0.13%             | 2028-10-31      | Floating      | 10.67%                | No            |                  3 | On Loan: No      |
| Lipari Foods LLC                                                | Lipari Foods LLC - TL 1L 10/22                                                      | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  14669261 | PA      | $14259988.24  | 1.02%             | 2028-10-31      | Floating      | 10.96%                | No            |                  3 | On Loan: No      |
| Resa Power LLC                                                  | Resa Power LLC - TL 1L DD 04/25                                                     | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5577262 | PA      | $30674.94     | 0.00%             | 2032-04-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Resa Power LLC                                                  | Resa Power LLC - TL 1L 04/25                                                        | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |  19891797 | PA      | $20001201.97  | 1.42%             | 2032-04-28      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| Resa Power LLC                                                  | Resa Power LLC - Revolver 1L 04/25 (CAD Multi Currency)                             | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |    307287 | PA      | $0.00         | 0.00%             | 2032-04-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| Resa Power LLC                                                  | Resa Power LLC - Revolver 1L 04/25                                                  | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   2458297 | PA      | $0.00         | 0.00%             | 2032-04-28      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |
| MAI Capital Management LLC                                      | MAI Capital Management LLC - TL 1L 08/24                                            | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   5703869 | PA      | $5734099.51   | 0.41%             | 2031-08-29      | Floating      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| MAI Capital Management LLC                                      | MAI Capital Management LLC - TL 1L DD 08/24                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   3352071 | PA      | $1774858.81   | 0.13%             | 2031-08-29      | Floating      | 3.91%                 | Yes           |                  3 | On Loan: No      |
| MAI Capital Management LLC                                      | MAI Capital Management LLC - TL 1L DD 06/25                                         | CUSIP: N/A<br>LEI: N/A | Long             | EP               | CORP              | US        |   8484082 | PA      | $44965.63     | 0.00%             | 2031-08-29      | Floating      | 0.50%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-20

**Name of Applicant:** KKR US Direct Lending Fund-U Inc.

**Signature:** Thomas Murphy

**Name of Signer:** Thomas Murphy

**Title:** Chief Financial Officer, Chief Accounting Officer and Treasurer