# EDGAR Filing Document

**Accession Number:** 0002054995
**File Stem:** 0001410368-26-056406
**Filing Date:** 2026-6
**Character Count:** 22296
**Document Hash:** 86daeb567d175d819b9e4d73993c6994
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-056406.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001410368-26-056406

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lincoln Partners Group Royalty Fund
- **CENTRAL INDEX KEY:** 0002054995

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24065
- **FILM NUMBER:** 261047775

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** (484) 583-6302

**MAIL ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lincoln Royalties Income Fund, LP
- **DATE OF NAME CHANGE:** 20250318

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lincoln Partners Group Royalty Fund
- **DATE OF NAME CHANGE:** 20250204

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Lincoln Partners Group Royalty Fund

- **b. Investment Company Act file number:** 811-24065

- **c. CIK number of Registrant:** 0002054995

- **d. LEI of Registrant:** 6367004C0UTVE4W77B54

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 855-456-0067

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

- **a. Name of Series:** Lincoln Partners Group Royalty Fund

- **c. LEI of Series:** 6367004C0UTVE4W77B54

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $141162296.92

**Total Liabilities:** $5090202.24

**Net Assets:** $136072094.68

**Cash Not Reported:** $381408.03

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.29%                | 0.00%                | 1.05%                |
| Class ID N/A | 0.19%                | 0.00%                | 1.06%                |
| Class ID N/A | 0.29%                | 0.00%                | 1.14%                |
| Class ID N/A | 0.36%                | 0.09%                | 1.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11313.77                | $294772.24                                 |
| Month 2  | $6498.83                 | $-384073.71                                |
| Month 3  | $9566.04                 | $1619662.62                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ARM Holdings PLC                            | ARM Holdings PLC                                                     | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      1100 | NS      | $166408.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Athenahealth Group Inc                      | Athenahealth Group Inc 2022 Term Loan B                              | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    497487 | PA      | $487537.69    | 0.36%             | 2029-02-15      | Floating      | 6.42%                 | No            | 2                  | On Loan: No      |
| Six Flags Entertainment Corporation         | Six Flags Entertainment Corporation 2024 Term Loan B                 | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |    497468 | PA      | $489384.49    | 0.36%             | 2031-05-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Dolby Laboratories Inc                      | Dolby Laboratories Inc                                               | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |      1476 | NS      | $88648.56     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Domino's Pizza Inc                          | Domino's Pizza Inc                                                   | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       279 | NS      | $100102.41    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| EMRLD Borrower LP                           | EMRLD Borrower LP 2024 Term Loan B                                   | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    497494 | PA      | $496250.01    | 0.36%             | 2031-08-04      | Floating      | 5.95%                 | No            | 2                  | On Loan: No      |
| Skopima Merger Sub Inc                      | Skopima Merger Sub Inc 2024 Repriced Term Loan                       | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    497456 | PA      | $387289.69    | 0.28%             | 2028-05-12      | Floating      | 7.42%                 | No            | 2                  | On Loan: No      |
| Genesys Cloud Services Holdings II LLC      | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B          | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    598489 | PA      | $571808.04    | 0.42%             | 2032-01-30      | Floating      | 6.17%                 | No            | 2                  | On Loan: No      |
| Hilton Worldwide Holdings Inc               | Hilton Worldwide Holdings Inc                                        | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       445 | NS      | $135315.60    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Illuminate Buyer, LLC                       | Illuminate Buyer LLC 2025 Term Loan B                                | CUSIP: 45232UAH1<br>LEI: 549300K1Y0YC1YC1H809 | Long             | LON              | CORP              | US        |    497494 | PA      | $493140.93    | 0.36%             | 2029-12-31      | Floating      | 6.17%                 | No            | 2                  | On Loan: No      |
| InterDigital Inc                            | InterDigital Inc                                                     | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       140 | NS      | $42280.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Iridium Satellite LLC                       | Iridium Satellite LLC 2024 Term Loan B                               | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |    500000 | PA      | $488440.00    | 0.36%             | 2030-09-20      | Floating      | 5.92%                 | No            | 2                  | On Loan: No      |
| Jane Street Group LLC                       | Jane Street Group LLC 2024 Term Loan B1                              | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    497375 | PA      | $487711.32    | 0.36%             | 2031-12-15      | Floating      | 5.67%                 | No            | 2                  | On Loan: No      |
| Marriott International Inc/MD               | Marriott International Inc/MD                                        | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       741 | NS      | $242358.87    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| McDonald's Corp                             | McDonald's Corp                                                      | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       579 | NS      | $179947.41    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Olympus Water US Holding Corporation        | Olympus Water US Holding Corporation 2024 USD Term Loan              | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    497481 | PA      | $476775.94    | 0.35%             | 2031-06-20      | Floating      | 6.70%                 | No            | 2                  | On Loan: No      |
| Pre-Paid Legal Services Inc                 | Pre-Paid Legal Services Inc 2021 Term Loan                           | CUSIP: 74006LAS1<br>LEI: 549300DKH5WJ2J8QU878 | Long             | LON              | CORP              | US        |    596964 | PA      | $515520.25    | 0.38%             | 2028-12-15      | Floating      | 6.92%                 | No            | 2                  | On Loan: No      |
| Restaurant Brands International Inc         | Restaurant Brands International Inc                                  | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      4408 | NS      | $325751.20    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Gold Inc                              | Royal Gold Inc                                                       | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |       529 | NS      | $134625.21    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| State Street Global Advisors                | State Street Institutional US Government Money Market Fund           | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  51069474 | NS      | $51069474.41  | 37.53%            |  |  |  | No            | 1                  | On Loan: No      |
| Sony Group Corp                             | Sony Group Corp                                                      | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      5600 | NS      | $115920.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Veritiv Corporation                         | Veritiv Corporation Term Loan B                                      | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    994950 | PA      | $965101.02    | 0.71%             | 2030-12-02      | Floating      | 7.70%                 | No            | 2                  | On Loan: No      |
| Warner Music Group Corp                     | Warner Music Group Corp                                              | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7210 | NS      | $184143.40    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Biogroup-LCD                                | Biogroup-LCD 2021 EUR Term Loan B                                    | CUSIP: 000000000<br>LEI: 9695008EGX5O9K1MS743 | Long             | LON              | CORP              | FR        |   1100000 | PA      | $1247061.83   | 0.92%             | 2028-02-09      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| PG US SM Holdings                           | PG US SM Holdings                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2587403 | NS      | $2567816.72   | 1.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Uplift Music LP                             | Uplift Music LP                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2305028 | NS      | $3463970.95   | 2.55%             |  |  |  | Yes           | 3                  | On Loan: No      |
| PG US SM Access LLC                         | PG US SM Access LLC                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2760792 | NS      | $3147481.93   | 2.31%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Lyric MMM Holding Co LP Class B Units       | Lyric MMM Holding Co LP Class B Units                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164898 | NS      | $223859.88    | 0.16%             |  |  |  | Yes           | 3                  | On Loan: No      |
| 4010 Royalty Offshore FNT Fund, LP          | 4010 Royalty Offshore FNT Fund, LP                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1307260 | NS      | $1766119.00   | 1.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Melody Offshore Jersey B LP                 | Melody Offshore Jersey B LP                                          | CUSIP: 000000000<br>LEI: 213800GD5NSMHWJ1JF06 | Long             | EC               | CORP              | US        |   9051370 | NS      | $11126560.10  | 8.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 4010 Royalty River CI, LP                   | 4010 Royalty River CI, LP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5000000 | NS      | $5569880.00   | 4.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CEPG Harmony LP Inc                         | CEPG Harmony LP Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    921348 | NS      | $2495685.79   | 1.83%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CEPG Harmony LP Inc                         | CEPG Harmony LP Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6208778 | NS      | $6208778.45   | 4.56%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CEPG Harmony LP Inc                         | CEPG Harmony LP Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    921348 | NS      | $2495685.79   | 1.83%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Royfin Natural GAS LLC                      | Royfin Natural GAS LLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   5000000 | NS      | $6395925.00   | 4.70%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Lyric MMM Intermediate Co LP                | Lyric MMM Intermediate Co LP                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5406929 | NS      | $5406928.87   | 3.97%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Wheaton Precious Metals Corp                | Wheaton Precious Metals Corp                                         | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      1263 | NS      | $165465.63    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| R Bridge Healthcare Fund II                 | R Bridge Healthcare Fund II                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    668657 | NS      | $528728.00    | 0.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Lyric 5x Aggregator Co, LP Class B Units    | Lyric 5x Aggregator Co, LP Class B Units                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $33598.40     | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| 5x Intermediate Co, LP                      | 5x Intermediate Co, LP                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   9499999 | NS      | $9604631.99   | 7.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ultra Natural Gas Royalties, LP             | Ultra Natural Gas Royalties, LP                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7679600 | NS      | $7679600.00   | 5.64%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Lyric-Pineapple, LP                         | Lyric-Pineapple, LP                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    507297 | NS      | $481619.81    | 0.35%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Lyric MMM Intermediate Co LP                | Lyric MMM Intermediate Co LP                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    360800 | NS      | $360800.00    | 0.27%             |  |  |  | Yes           | 3                  | On Loan: No      |
| RTW Heartbeat Co-Invest, LP                 | RTW Heartbeat Co-Invest, LP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6008500 | NS      | $6220914.00   | 4.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HomeVi S.a.S.                               | HomeVi SaS 2025 EUR Term Loan B                                      | CUSIP: 000000000<br>LEI: 9695001URJB6VUATPK20 | Long             | LON              | CORP              | FR        |   1100000 | PA      | $1265510.35   | 0.93%             | 2029-10-31      | Floating      | 6.78%                 | No            | 2                  | On Loan: No      |
| Universal Music Group NV                    | Universal Music Group NV                                             | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     13689 | NS      | $265714.54    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Jones DesLauriers Insurance Management Inc. | Jones DesLauriers Insurance Management Inc 2026 Repriced Term Loan B | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |   1100000 | PA      | $1067000.00   | 0.78%             | 2033-02-02      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Royalty Pharma PLC                          | Royalty Pharma PLC                                                   | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |      7729 | NS      | $370760.13    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Nouryon Finance BV                          | Nouryon Finance BV 2024 USD Term Loan B1                             | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    994914 | PA      | $973771.82    | 0.72%             | 2028-04-03      | Floating      | 7.04%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Lincoln Partners Group Royalty Fund

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP