Consolidated Schedule of Investments In and Advances to Affiliates

v3.26.1

Consolidated Schedule of Investments In and Advances to Affiliates	6 Months Ended
	Jun. 30, 2026
Investments in and Advances to Affiliates [Abstract]
Consolidated Schedule of Investments In and Advances to Affiliates	Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) June 30, 2026 Fair Value (13) Control Investments BDB Holdings, LLC Preferred Equity (7) $ —  $ (4,130) $ —  $ 8,430  $ —  $ 4,130  $ 4,300  12.00% Secured Debt (7) —  —  88  1,182  534  —  1,716  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  65  —  390  65  75  380  GRT Rubber Technologies LLC 9.72% SF+ 6.00% Secured Debt (8) —  (3) 79  1,550  3  3  1,550  11.72% SF+ 8.00% Secured Debt (8) —  (24) 1,206  19,944  25  25  19,944  Member Units (8) —  (1,700) 809  22,830  —  1,700  21,130  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) —  60  —  1,897  60  —  1,957  Volusion, LLC 10.00% Secured Debt (8) —  —  45  900  —  —  900  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  (249) —  1,249  —  506  743  Common Stock (8) —  —  —  —  —  —  —  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  —  —  —  —  —  Total Control investments $ —  $ (5,981) $ 2,227  $ 58,372  $ 687  $ 6,439  $ 52,620  Affiliate Investments American Nuts, LLC Preferred Equity (9) $ —  $ (130) $ —  $ 1,210  $ —  $ 130  $ 1,080  12.34% SF+ 8.50% 12.34% Secured Debt (9) —  —  146  2,325  147  —  2,472  12.34% SF+ 8.50% 12.34% Secured Debt (9) —  31  146  1,875  178  —  2,053  12.34% SF+ 8.50% 12.34% Secured Debt (9) —  —  3  —  91  —  91  Analytical Systems Keco Holdings, LLC 13.25% Secured Debt (8) —  —  64  965  2  51  916  Preferred Member Units (8) —  120  —  30  120  —  150  Preferred Member Units (8) —  —  —  1,510  —  —  1,510  Warrants (8) —  —  —  —  —  —  —  Batjer TopCo, LLC 10.00% Secured Debt (8) —  (2) 57  1,105  2  14  1,093  Preferred Stock (8) —  80  85  970  80  —  1,050  Bettercloud, Inc. Common Equity (6) (1,656) 354  —  4,550  354  4,904  —  SF+ 8.25% Secured Debt (6) —  —  90  1,747  670  2,417  —  Brewer Crane Holdings, LLC 13.72% SF+ 10.00% Secured Debt (9) —  —  87  1,254  —  —  1,254  Preferred Member Units (9) —  (100) 17  860  —  100  760  15.00% 15.00% Preferred Member Units (9) —  —  6  84  6  —  90  Centre Technologies Holdings, LLC SF+ 8.00% Secured Debt (8) —  —  2  —  60  60  —  SF+ 8.00% Secured Debt (8) —  (18) 359  6,021  1,718  7,739  —  Preferred Member Units (8) 11,595  (9,084) 610  10,680  10,595  21,275  —  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (3) 6  —  3  3  —  11.74% SF+ 8.00% Secured Debt (8) —  (26) 645  10,505  26  226  10,305  Member Units (8) —  2,480  773  8,880  2,480  —  11,360  Member Units (8) —  40  12  1,043  40  —  1,083  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) June 30, 2026 Fair Value (13) Charps, LLC Preferred Member Units (5) —  (220) 123  4,010  —  220  3,790  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  3  —  —  —  —  10.00% Secured Debt (5) —  (4) 119  2,370  4  148  2,226  10.00% Secured Debt (5) —  —  12  232  —  5  227  Member Units (5) —  190  174  3,530  190  —  3,720  Member Units (5) —  60  —  317  60  —  377  Cody Pools, Inc. Secured Debt (12) (8) —  1  8  —  629  393  236  12.50% Secured Debt (8) —  (14) 374  5,891  14  231  5,674  Preferred Member Units (8) —  (420) 197  16,270  —  420  15,850  Colonial Electric Company LLC Secured Debt (12) (6) —  —  1  —  —  —  —  9.00% Secured Debt (6) —  19  105  2,195  —  —  2,195  Preferred Member Units (6) —  1,320  507  4,210  1,320  —  5,530  Compass Systems & Sales, LLC Secured Debt (5) —  —  2  (12) 2  —  (10) 13.50% Secured Debt (5) —  (23) 302  4,249  21  573  3,697  Preferred Equity (5) —  63  30  1,800  161  —  1,961  Datacom, LLC 10.00% Secured Debt (8) —  —  3  75  45  15  105  10.00% Secured Debt (8) —  (207) 44  463  —  216  247  Preferred Member Units (8) —  —  —  —  —  —  —  Digital Products Holdings LLC 13.62% SF+ 10.00% Secured Debt (5) —  151  207  2,834  141  83  2,892  Preferred Member Units (5) —  —  25  2,459  —  —  2,459  Direct Marketing Solutions, Inc. Secured Debt (12) (9) —  17  12  315  285  600  —  14.00% Secured Debt (9) —  (1) 55  4,501  —  4,501  —  14.00% Secured Debt (9) —  204  514  —  8,726  —  8,726  Preferred Stock (9) —  1,881  2  4,940  3,081  40  7,981  DMA Industries, LLC 13.00% Secured Debt (7) —  19  39  140  1,020  —  1,160  13.00% Secured Debt (7) —  (3) 188  3,200  3  3  3,200  Preferred Equity (7) —  1,670  —  2,296  1,670  —  3,966  15.00% 15.00% Preferred Equity (7) —  861  73  1,358  932  —  2,290  Flame King Holdings, LLC Preferred Equity (9) —  820  630  13,660  820  —  14,480  12.00% Secured Debt (9) —  (32) 1,030  16,500  32  32  16,500  Common Equity (9) —  —  13  —  982  —  982  Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (5) —  —  —  193  —  85  108  Gamber-Johnson Holdings, LLC 11.12% SF+ 7.50% Secured Debt (5) —  —  16  —  400  —  400  11.12% SF+ 7.50% Secured Debt (5) —  (2) 1,078  17,632  1,112  2  18,742  Member Units (5) —  2,660  630  28,450  2,660  —  31,110  Member Units (5) —  —  —  99  —  23  76  GFG Group, LLC 13.50% Secured Debt (5) —  22  193  3,513  31  1  3,543  Preferred Member Units (5) —  —  76  2,740  —  —  2,740  Harris Preston Fund Investments LP Interests (HPEP 3, L.P.) (12) (8) —  (58) —  4,116  —  310  3,806  IG Investor, LLC 13.00% Secured Debt (12) (6) —  (3) 23  400  3  203  200  13.00% Secured Debt (6) —  (31) 588  8,766  31  431  8,366  Common Equity (6) —  790  —  7,010  790  —  7,800  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (30) —  6,790  —  30  6,760  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) June 30, 2026 Fair Value (13) Integral Energy Services 11.46% SF+ 7.50% Secured Debt (8) —  (62) 855  14,071  —  202  13,869  10.00% 10.00% Preferred Equity (8) —  —  17  490  17  —  507  Common Stock (8) —  80  —  410  80  —  490  10.00% 10.00% Preferred Equity (8) —  90  —  480  90  —  570  Kickhaefer Manufacturing Company, LLC 11.50% Secured Debt (5) —  —  160  2,547  508  200  2,855  9.00% Secured Debt (5) —  —  44  970  —  6  964  Preferred Equity (5) —  670  —  4,290  670  —  4,960  Member Units (5) —  —  12  1,048  —  —  1,048  KMS, LLC 12.50% Secured Debt (5) —  24  101  1,433  33  —  1,466  12.50% Secured Debt (5) —  —  76  1,259  —  190  1,069  Preferred Equity (5) —  —  —  7,830  —  —  7,830  9.23% SF+ 5.50% Secured Debt (12) (5) —  40  52  (49) 1,678  950  679  Mills Fleet Farm Group, LLC Preferred Equity (5) —  (631) 457  10,134  457  631  9,960  9.16% SF+ 5.50% 9.16% Secured Debt (5) —  46  114  2,256  161  —  2,417  9.17% SF+ 5.50% 9.17% Secured Debt (5) —  30  64  1,344  91  —  1,435  Nello Industries Investco, LLC 13.00% Secured Debt (5) —  (156) 243  8,018  —  8,018  —  13.00% Secured Debt (5) —  47  563  —  10,336  —  10,336  Preferred Equity (5) —  1,560  103  5,830  1,560  —  7,390  NexRev LLC Preferred Member Units (8) —  130  10  3,210  130  —  3,340  NuStep, LLC 10.22% SF+ 6.50% Secured Debt (5) —  —  38  250  400  —  650  12.00% Secured Debt (5) —  (124) 287  4,610  —  188  4,422  Preferred Member Units (5) —  (540) —  3,050  —  540  2,510  Preferred Member Units (5) —  90  —  1,530  90  —  1,620  Oneliance, LLC Preferred Stock (7) —  —  24  810  —  —  810  Orttech Holdings, LLC SF+ 11.00% Secured Debt (5) —  (3) 7  153  3  156  —  14.72% SF+ 11.00% Secured Debt (5) —  (11) 396  5,190  11  11  5,190  Preferred Stock (5) —  (770) 30  3,360  —  770  2,590  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (1) 2  —  1  1  —  13.00% Secured Debt (8) —  (21) 453  6,800  21  301  6,520  Preferred Equity (8) —  —  98  5,110  —  —  5,110  RA Outdoors LLC 10.58% SF+ 6.75% 10.58% Secured Debt (8) —  —  72  1,142  74  —  1,216  10.58% SF+ 6.75% 10.58% Secured Debt (8) —  (2) 779  11,937  780  2  12,715  10.58% SF+ 6.75% 10.58% Secured Debt (8) —  (77) 14  —  462  77  385  10.58% SF+ 6.75% 10.58% Secured Debt (8) —  (75) 13  —  451  75  376  Robbins Bros. Jewelry, Inc. Secured Debt (9) —  —  6  (12) —  2  (14) 12.50% 10.00% Secured Debt (9) —  35  —  1,559  —  21  1,538  Preferred Equity (9) —  —  —  —  —  —  —  SI East, LLC 11.80% Secured Debt (12) (7) —  (1) 49  750  1  1  750  12.84% Secured Debt (7) —  (6) 1,444  22,283  6  6  22,283  Preferred Member Units (7) —  (220) 93  5,730  —  220  5,510  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  299  —  1,598  299  —  1,897  8.50% 8.50% Secured Debt (6) —  80  9  866  89  —  955  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (21) 119  241  119  21  339  12.00% 12.00% Secured Debt (9) —  750  —  707  750  —  1,457  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) June 30, 2026 Fair Value (13) Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC 11.50% Secured Debt (7) —  —  13  —  400  —  400  13.50% Secured Debt (7) —  (18) 69  2,250  —  2,250  —  13.50% Secured Debt (7) —  156  318  —  7,820  —  7,820  Common Stock (7) —  2,789  —  3,730  3,130  —  6,860  Common Equity (7) —  —  —  174  —  —  174  9.00% Secured Debt (7) —  (1) 24  510  1  1  510  9.00% Secured Debt (7) —  2  13  —  525  —  525  9.00% Secured Debt (7) —  —  3  —  100  —  100  Urgent DSO LLC 13.50% Secured Debt (5) —  (50) 156  2,168  7  50  2,125  Preferred Equity (5) —  (896) —  1,089  —  896  193  Victory Energy Operations, LLC 13.00% Secured Debt (12) (8) —  —  19  127  276  70  333  13.00% Secured Debt (8) —  —  530  7,575  23  —  7,598  Preferred Equity (8) —  290  35  3,760  290  —  4,050  VVS Holdco LLC SF+ 6.00% Secured Debt (5) —  —  2  —  —  —  —  11.50% Secured Debt (5) —  —  359  5,967  19  300  5,686  Preferred Equity (5) —  —  —  3,060  —  —  3,060  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  —  —  —  —  —  Total Affiliate investments $ 9,939  $ 6,964  $ 18,849  $ 406,771  $ 73,696  $ 61,640  $ 418,827  _________________________ (1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2)Represents the total amount of interest, dividends and fees credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred to or from other 1940 Act classifications during the period.” (3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2026 for Affiliate investments located in this region was $158,513. This represented 21.2% of net assets as of June 30, 2026. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of June 30, 2026 for Affiliate investments located in this region was $33,703. This represented 4.5% of net assets as of June 30, 2026. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2026 for Control investments located in this region was $6,016. This represented 0.8% of net assets as of June 30, 2026. The fair value as of June 30, 2026 for Affiliate investments located in this region was $56,358. This represented 7.5% of net assets as of June 30, 2026. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2026 for Control investments located in this region was $46,224. This represented 6.2% of net assets as of June 30, 2026. The fair value as of June 30, 2026 for Affiliate investments located in this region was $110,464. This represented 14.8% of net assets as of June 30, 2026. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2026 for Control investments located in this region was $380. This represented 0.1% of net assets as of June 30, 2026. The fair value as of June 30, 2026 for Affiliate investments located in this region was $59,789. This represented 8.0% of net assets as of June 30, 2026. (10)All of the Fund’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12)Investment has an unfunded commitment as of June 30, 2026 (see Note H — Commitments and Contingencies). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2025 Fair Value (13) Control Investments BDB Holdings, LLC Preferred Equity (7) $ —  $ (700) $ —  $ 12,610  $ —  $ 700  $ 11,910  12.00% Secured Debt (12) (7) —  —  10  —  280  —  280  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  530  —  16  514  GRT Rubber Technologies LLC 10.48% SF+ 6.00% Secured Debt (12) (8) —  (3) 85  1,550  3  3  1,550  12.48% SF+ 8.00% Secured Debt (8) —  (25) 1,275  19,944  25  25  19,944  Member Units (8) —  460  1,541  22,600  460  —  23,060  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 5,295  (4,939) —  8,740  3,875  11,001  1,614  Volusion, LLC 10.00% Secured Debt (8) —  —  45  900  —  —  900  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) 10  (694) —  3,004  9  1,173  1,840  Preferred Member Units (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  —  —  —  —  —  Total Control investments $ 5,305  $ (5,901) $ 2,956  $ 69,878  $ 4,652  $ 12,918  $ 61,612  Affiliate Investments American Nuts, LLC Preferred Equity (9) $ —  $ (336) $ —  $ —  $ 2,556  $ 336  $ 2,220  12.95% SF+ 8.50% 12.95% Secured Debt (9) —  —  72  —  2,180  —  2,180  12.95% SF+ 8.50% 12.95% Secured Debt (9) —  —  72  —  2,180  —  2,180  Analytical Systems Keco Holdings, LLC Secured Debt (8) —  —  —  —  —  —  —  17.50% Secured Debt (8) —  —  90  1,012  2  26  988  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  —  —  1,330  —  —  1,330  Warrants (8) —  —  —  —  —  —  —  Barfly Ventures, LLC Member Units (5) —  317  368  1,953  317  —  2,270  Batjer TopCo, LLC Secured Debt (12) (8) —  —  1  50  —  50  —  10.00% Secured Debt (12) (8) —  —  2  30  —  —  30  10.00% Secured Debt (8) —  —  64  1,165  2  —  1,167  Preferred Stock (8) —  200  39  570  200  —  770  Brewer Crane Holdings, LLC 14.48% SF+ 10.00% Secured Debt (9) —  —  91  1,254  —  —  1,254  Preferred Member Units (9) —  (350) 15  1,170  —  350  820  Centre Technologies Holdings, LLC SF+ 10.00% Secured Debt (12) (8) —  —  2  —  —  —  —  14.48% SF+ 10.00% Secured Debt (8) —  (6) 451  6,384  6  274  6,116  Preferred Member Units (8) —  1,030  15  3,110  1,030  —  4,140  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (11) 12  —  11  11  —  12.49% SF+ 8.00% Secured Debt (8) —  3  264  3,905  800  —  4,705  Member Units (8) —  (210) 1,189  8,280  —  210  8,070  Member Units (8) —  35  12  888  35  —  923  Charps, LLC Preferred Member Units (5) —  (60) 134  3,900  —  60  3,840  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  —  —  —  —  —  9.00% Secured Debt (5) —  (1) 78  1,690  1  121  1,570  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2025 Fair Value (13) 10.00% Secured Debt (5) —  —  12  243  —  5  238  Member Units (5) —  320  203  2,750  320  —  3,070  Member Units (5) —  80  —  237  80  —  317  Cody Pools, Inc. 12.50% Secured Debt (12) (8) —  3  19  —  782  79  703  12.50% Secured Debt (8) —  (4) 401  6,598  4  389  6,213  Preferred Member Units (8) —  (160) 336  16,950  —  160  16,790  Colonial Electric Company LLC Secured Debt (12) (6) —  —  1  —  —  —  —  12.00% Secured Debt (6) —  (12) 215  3,578  12  716  2,874  Preferred Member Units (6) —  430  467  3,390  430  —  3,820  Compass Systems & Sales, LLC Secured Debt (5) —  —  2  (16) 2  —  (14) 13.50% Secured Debt (5) —  23  305  4,201  35  —  4,236  Preferred Equity (5) —  3  30  1,860  3  —  1,863  Datacom, LLC 7.50% Secured Debt (8) —  —  4  55  79  60  74  10.00% Secured Debt (8) —  (74) 55  878  10  89  799  Preferred Member Units (8) —  (70) —  30  40  70  —  Digital Products Holdings LLC 14.38% SF+ 10.00% Secured Debt (5) —  —  225  3,105  5  165  2,945  Preferred Member Units (5) —  —  25  2,459  —  —  2,459  Direct Marketing Solutions, Inc. Secured Debt (9) —  (1) 2  —  1  1  —  14.00% Secured Debt (9) —  (6) 328  4,668  6  173  4,501  Preferred Stock (9) —  140  —  4,480  140  —  4,620  DMA Industries, LLC 12.00% Secured Debt (7) —  —  9  138  —  —  138  12.00% Secured Debt (7) —  —  258  4,161  5  —  4,166  Preferred Equity (7) —  90  —  1,486  90  —  1,576  15.00% 15.00% Preferred Equity (7) —  50  61  810  111  —  921  Flame King Holdings, LLC Preferred Equity (9) —  1,360  1,738  8,980  1,360  —  10,340  12.00% Preferred Equity (9) —  —  5  —  16,175  —  16,175  Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (5) —  (82) (23) 1,263  —  1,070  193  Gamber-Johnson Holdings, LLC SF+ 7.50% Secured Debt (12) (5) —  —  1  —  —  —  —  11.50% SF+ 7.50% Secured Debt (12) (5) —  (19) 1,074  18,282  19  219  18,082  Member Units (5) —  —  810  28,690  —  —  28,690  GFG Group, LLC Secured Debt (5) —  (16) 57  2,046  2  2,048  —  Preferred Member Units (5) —  (110) 145  2,640  —  110  2,530  8.00% Secured Debt (5) —  —  46  —  2,313  —  2,313  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (8) —  —  —  —  —  —  —  12.50% Secured Debt (8) —  123  —  378  91  —  469  Preferred Equity (8) —  —  —  —  —  —  —  Member Units (8) —  —  —  —  —  —  —  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (8) —  194  —  4,472  195  205  4,462  IG Investor, LLC 13.00% Secured Debt (12) (6) —  18  31  379  21  —  400  13.00% Secured Debt (6) —  156  600  8,693  183  110  8,766  Common Equity (6) —  830  —  4,060  830  —  4,890  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (230) —  7,290  —  230  7,060  Integral Energy Services 12.06% SF+ 7.50% Secured Debt (8) —  (217) 979  14,872  33  968  13,937  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2025 Fair Value (13) 10.00% 10.00% Preferred Equity (8) —  60  15  535  75  —  610  Common Stock (8) —  170  —  640  170  —  810  10.00% 10.00% Preferred Equity (8) —  97  —  —  230  —  230  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  211  3,741  3  400  3,344  9.00% Secured Debt (5) —  —  45  982  —  6  976  Preferred Equity (5) —  510  —  3,060  510  —  3,570  Member Units (5) —  —  15  678  —  —  678  KMS, LLC 14.50% SF+ 9.75% Secured Debt (5) (511) 409  —  829  —  829  —  14.50% SF+ 9.75% Secured Debt (5) (3,788) 3,202  —  5,973  —  5,973  —  SF+ 9.75% 14.23% Secured Debt (5) —  —  —  562  —  562  —  SF+ 9.75% 14.23% Secured Debt (5) —  —  —  550  —  550  —  14.23% SF+ 9.75% 14.23% Secured Debt (5) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (12) (5) —  —  76  —  1,392  —  1,392  12.50% 12.50% Secured Debt (5) —  —  70  —  1,476  —  1,476  Preferred Equity (5) —  —  —  —  6,113  —  6,113  Mills Fleet Farm Group, LLC Preferred Equity (5) —  (1,225) 449  11,166  450  1,226  10,390  9.79% SF+ 5.50% 9.79% Secured Debt (12) (5) —  —  93  —  2,230  —  2,230  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  1  —  —  —  —  10.00% Secured Debt (6) —  (1) 73  1,436  1  1  1,436  Common Stock (6) —  110  493  6,590  110  —  6,700  Nello Industries Investco, LLC SF+ 6.50% Secured Debt (5) —  —  12  (12) 12  —  —  13.50% Secured Debt (5) —  —  482  6,619  20  —  6,639  Common Equity (5) —  670  100  3,890  670  —  4,560  NexRev LLC Secured Debt (8) —  —  —  —  —  —  —  Secured Debt (8) —  (3) 38  2,453  3  2,456  —  Preferred Member Units (8) —  130  108  2,970  130  —  3,100  NuStep, LLC 10.98% SF+ 6.50% Secured Debt (5) —  —  51  900  —  300  600  12.00% Secured Debt (5) —  —  278  4,610  —  —  4,610  Preferred Member Units (5) —  160  —  2,890  160  —  3,050  Preferred Member Units (5) —  —  —  1,500  —  —  1,500  Oneliance, LLC Preferred Stock (7) —  130  13  640  130  —  770  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  —  15.48% SF+ 11.00% Secured Debt (5) —  (12) 431  5,490  12  212  5,290  Preferred Stock (5) —  —  30  3,360  —  —  3,360  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (1) 2  —  1  1  —  13.00% Secured Debt (8) —  (21) 486  7,160  21  221  6,960  Preferred Equity (8) —  300  255  4,590  300  —  4,890  RA Outdoors LLC 11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (143) 76  1,215  40  145  1,110  11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (1,500) 796  12,710  410  1,515  11,605  11.25% SF+ 6.75% 11.25% Secured Debt (12) (8) —  —  —  —  1  —  1  Common Equity (8) —  —  —  —  —  —  —  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  —  (7) —  1  (8) 12.50% 10.00% Secured Debt (9) —  —  —  1,617  —  38  1,579  Preferred Equity (9) —  —  —  —  —  —  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2025 Fair Value (13) SI East, LLC 11.85% Secured Debt (12) (7) —  (1) 49  750  1  1  750  12.79% Secured Debt (7) —  15  1,457  22,554  —  —  22,554  Preferred Member Units (7) —  (400) —  4,550  —  400  4,150  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (647) —  1,826  —  647  1,179  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  748  9  227  758  —  985  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (1) —  412  —  1  411  12.00% 12.00% Secured Debt (9) —  (38) —  901  —  38  863  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  1  (1) 1  —  —  13.50% Secured Debt (7) —  —  138  1,962  3  —  1,965  Common Stock (7) —  230  15  2,140  230  —  2,370  Urgent DSO LLC 13.50% Secured Debt (5) —  —  156  2,145  7  —  2,152  9.00% 9.00% Preferred Equity (5) —  —  49  1,080  49  —  1,129  Victory Energy Operations, LLC 13.00% Secured Debt (12) (8) —  —  6  (5) 272  —  267  13.00% Secured Debt (8) —  —  530  7,529  23  —  7,552  Preferred Equity (8) —  —  37  3,644  —  35  3,609  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  2  —  —  —  —  11.50% Secured Debt (5) —  —  387  6,366  22  320  6,068  Preferred Equity (5) —  —  25  3,060  —  —  3,060  Other Amounts related to investments transferred to or from other 1940 Act classification during the period 4,301  (3,611) —  (7,914) —  —  —  Total Affiliate investments $ 2  $ 2,767  $ 18,952  $ 351,360  $ 48,733  $ 24,183  $ 383,824  ___________________________________________________ (1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2)Represents the total amount of interest, dividends and fees credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred to or from other 1940 Act classifications during the period.” (3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Affiliate investments located in this region was $146,789. This represented 20.3% of net assets as of June 30, 2025. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Affiliate investments located in this region was $38,110. This represented 5.3% of net assets as of June 30, 2025. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Affiliate investments located in this region was $12,190. This represented 1.7% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $39,360. This represented 5.4% of net assets as of June 30, 2025. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Control investments located in this region was $48,908. This represented 6.8% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $112,430. This represented 15.6% of net assets as of June 30, 2025. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Control investments located in this region was $514. This represented 0.1% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $47,135. This represented 6.5% of net assets as of June 30, 2025. (10)All of the Fund’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12)Investment has an unfunded commitment as of June 30, 2025 (see Note H — Commitments and Contingencies). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan.