Investment Portfolio (Tables)

6 Months Ended

Jun. 30, 2025


	As of June 30, 2025
	Amortized				Percentage
	Cost ⁽¹⁾		Fair Value		of Portfolio
Senior Secured First Lien Term Loan	$	533,891	$	534,385	65.0	%
Senior Secured Term Loan		227,385		225,771	27.4	%
Delayed Draw Term Loan		33,857		33,016	4.0	%
Revolver		18,144		16,681	2.0	%
Convertible Promissory Note		42		42	0.0	%
Common Units		4,356		4,363	0.5	%
Preferred Units		9,000		8,939	1.1	%
Warrants		145		50	0.0	%
	$	826,820	$	823,247	100.0	%

(1)

Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.


	As of December 31, 2024
	Amortized				Percentage
	Cost⁽¹⁾		Fair Value		of Portfolio
Senior Secured First Lien Term Loan	$	478,387	$	479,581	61.8	%
Senior Secured Term Loan		240,055		240,610	31.0	%
Delayed Draw Term Loan		27,115		27,378	3.5	%
Revolver		15,038		14,337	1.8	%
Preferred Units		9,000		9,663	1.2	%
Common Units		4,255		4,603	0.7	%
Warrants		145		17	0.0	%
Total	$	773,995	$	776,189	100.0	%

(1)

Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.


	As of June 30, 2025
			Percentage
Industry Classification	Fair Value		of Portfolio
Transportation & Logistics	$	221,010	26.8	%
Business Services		179,896	21.9	%
Healthcare		168,741	20.5	%
Technology & Telecommunications		151,593	18.4	%
Franchising		102,007	12.4	%
	$	823,247	100.0	%


	As of December 31, 2024
			Percentage
Industry Classification	Fair Value		of Portfolio
Transportation & Logistics	$	207,389	26.7	%
Business Services		185,657	23.9	%
Technology & Telecommunications		158,961	20.5	%
Healthcare		144,145	18.6	%
Franchising		80,037	10.3	%
Total	$	776,189	100.0	%

Brightwood Capital Corp I 10-Q