Consolidated Schedule of Investments In and Advances to Affiliates (Tables)

v3.26.3

Consolidated Schedule of Investments In and Advances to Affiliates (Tables)	9 Months Ended
	Sep. 30, 2026
Investments in and Advances to Affiliates [Abstract]
Schedule of Investments in and Advances to Affiliates, Schedule of Investments	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) September 30, 2026 Fair Value (13) Control Investments BDB Holdings, LLC Preferred Equity (7) $ —  $ (4,970) $ —  $ 8,430  $ —  $ 4,970  $ 3,460  12.00% Secured Debt (7) —  —  150  1,182  1,226  —  2,408  Computer Data Source, LLC SF+ 10.25% Secured Debt (6) (2,729) 338  —  6,995  —  6,995  —  Secured Debt (6) —  —  40  —  —  —  —  SF+ 10.25% Secured Debt (6) (6,648) 827  —  16,960  —  16,960  —  Member Units (6) —  —  —  —  13,033  —  13,033  SF+ 5.50% Secured Debt (12) (6) —  —  —  —  —  —  —  10.00% SF+ 5.50% 10.00% Secured Debt (6) —  —  —  —  4,167  —  4,167  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  65  —  390  65  75  380  GRT Rubber Technologies LLC 9.79% SF+ 6.00% Secured Debt (8) —  (4) 120  1,550  4  4  1,550  11.79% SF+ 8.00% Secured Debt (8) —  (37) 1,821  19,944  37  37  19,944  Member Units (8) —  (3,040) 876  22,830  —  3,040  19,790  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 671  (564) —  1,897  670  1,335  1,232  Volusion, LLC Secured Debt (8) —  —  61  900  —  900  —  Preferred Member Units (8) (6,000) 5,999  —  —  6,000  6,000  —  Preferred Member Units (8) 680  (466) —  1,249  681  1,930  —  Common Stock (8) (1,104) 1,104  —  —  1,104  1,104  —  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  7,807  —  (23,955) —  —  —  Total Control investments $ (15,130) $ 7,059  $ 3,068  $ 58,372  $ 26,987  $ 43,350  $ 65,964  Affiliate Investments American Nuts, LLC Preferred Equity (9) $ —  $ (130) $ —  $ 1,210  $ —  $ 130  $ 1,080  12.38% SF+ 8.50% 12.38% Secured Debt (9) —  (19) 225  2,325  225  19  2,531  12.38% SF+ 8.50% 12.38% Secured Debt (9) —  82  225  1,875  306  —  2,181  12.38% SF+ 8.50% 12.38% Secured Debt (9) —  —  6  —  94  —  94  Analytical Systems Keco Holdings, LLC 13.25% Secured Debt (8) —  —  96  965  2  63  904  Preferred Member Units (8) —  100  —  30  100  —  130  Preferred Member Units (8) —  20  —  1,510  20  —  1,530  Warrants (8) —  —  —  —  —  —  —  Batjer TopCo, LLC 10.00% Secured Debt (8) —  (3) 86  1,105  4  41  1,068  Preferred Stock (8) —  80  106  970  80  —  1,050  Bettercloud, Inc. Common Equity (6) (1,656) 354  —  4,550  354  4,904  —  SF+ 10.77% Secured Debt (6) —  —  90  1,747  670  2,417  —  Brewer Crane Holdings, LLC 13.79% SF+ 10.00% Secured Debt (9) —  9  134  1,254  10  —  1,264  Preferred Member Units (9) —  (100) 23  860  —  100  760  15.00% 15.00% Preferred Member Units (9) —  —  11  84  9  —  93  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  11,596  22,276  —  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (5) 9  —  5  5  —  11.86% SF+ 8.00% Secured Debt (8) —  (38) 969  10,505  38  238  10,305  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) September 30, 2026 Fair Value (13) Member Units (8) —  3,130  1,110  8,880  3,130  —  12,010  Member Units (8) —  5  17  1,043  5  —  1,048  Charps, LLC Preferred Member Units (5) —  (330) 125  4,010  —  330  3,680  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  3  —  —  —  —  9.00% Secured Debt (5) —  (6) 173  2,370  6  290  2,086  10.00% Secured Debt (5) —  —  17  232  —  9  223  Member Units (5) —  290  232  3,530  290  —  3,820  Member Units (5) —  60  —  317  60  —  377  Cody Pools, Inc. 13.50% Secured Debt (8) —  —  32  —  1,257  471  786  13.50% Secured Debt (8) —  (20) 575  5,891  20  237  5,674  Preferred Member Units (8) —  (980) 212  16,270  —  980  15,290  Colonial Electric Company LLC Secured Debt (12) (6) —  —  2  —  —  —  —  9.00% Secured Debt (6) —  15  147  2,195  —  —  2,195  Preferred Member Units (6) —  2,010  939  4,210  2,010  —  6,220  Compass Systems & Sales, LLC Secured Debt (5) —  —  3  (12) 3  —  (9) 13.50% Secured Debt (5) —  (23) 437  4,249  26  573  3,702  Preferred Equity (5) —  63  45  1,800  161  —  1,961  Datacom, LLC 10.00% Secured Debt (8) —  —  7  75  80  27  128  10.00% Secured Debt (8) —  (263) 66  463  —  274  189  Preferred Member Units (8) —  —  —  —  —  —  —  Digital Products Holdings LLC 13.69% SF+ 10.00% Secured Debt (5) —  151  307  2,834  142  165  2,811  Preferred Member Units (5) —  —  38  2,459  —  —  2,459  Direct Marketing Solutions, Inc. Secured Debt (12) (9) —  16  14  315  285  600  —  14.00% Secured Debt (9) —  (1) 55  4,501  —  4,501  —  14.00% Secured Debt (9) —  190  837  —  8,726  136  8,590  Preferred Stock (9) —  2,674  2  4,940  3,874  40  8,774  DMA Industries, LLC 13.00% Secured Debt (7) —  17  79  140  1,020  —  1,160  13.00% Secured Debt (7) —  (5) 296  3,200  5  5  3,200  Preferred Equity (7) —  1,700  —  2,296  1,700  —  3,996  15.00% 15.00% Preferred Equity (7) —  881  111  1,358  990  —  2,348  Flame King Holdings, LLC Preferred Equity (9) —  (470) 682  13,660  —  470  13,190  11.00% Secured Debt (9) —  (49) 1,536  16,500  49  49  16,500  Common Equity (9) —  (15) 33  —  983  15  968  Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (5) —  —  —  193  —  144  49  Gamber-Johnson Holdings, LLC 11.19% SF+ 7.50% Secured Debt (5) —  —  28  —  400  —  400  11.19% SF+ 7.50% Secured Debt (5) —  (14) 1,627  17,632  1,124  14  18,742  Member Units (5) —  1,820  850  28,450  1,820  —  30,270  Member Units (5) —  —  —  99  —  23  76  GFG Group, LLC 10.50% Secured Debt (5) —  20  308  3,513  30  —  3,543  Preferred Member Units (5) —  530  113  2,740  530  —  3,270  Harris Preston Fund Investments LP Interests (HPEP 3, L.P.) (12) (8) —  (203) —  4,116  —  455  3,661  IG Investor, LLC 13.00% Secured Debt (12) (6) —  (4) 32  400  4  204  200  13.00% Secured Debt (6) —  (47) 874  8,766  47  847  7,966  Common Equity (6) —  1,760  —  7,010  1,760  —  8,770  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) September 30, 2026 Fair Value (13) Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (190) —  6,790  —  190  6,600  Integral Energy Services 11.49% SF+ 7.50% Secured Debt (8) —  (62) 1,300  14,071  —  239  13,832  10.00% 10.00% Preferred Equity (8) —  —  26  490  26  —  516  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) —  20  246  2,547  3,077  2,747  2,877  9.00% Secured Debt (5) —  7  66  970  8  10  968  Preferred Equity (5) —  1,150  148  4,290  1,150  —  5,440  Member Units (5) —  15  14  1,048  15  —  1,063  KMS, LLC 12.50% Secured Debt (5) —  22  150  1,433  33  —  1,466  12.50% Secured Debt (5) —  —  110  1,259  —  345  914  Preferred Equity (5) —  —  297  7,830  —  —  7,830  SF+ 5.50% Secured Debt (12) (5) —  36  66  (49) 1,678  1,629  —  Mills Fleet Farm Group, LLC Preferred Equity (5) —  674  682  10,134  1,356  —  11,490  9.32% SF+ 5.50% 9.32% Secured Debt (5) —  46  159  2,256  206  —  2,462  9.21% SF+ 5.50% 9.21% Secured Debt (5) —  28  97  1,344  125  —  1,469  Nello Industries Investco, LLC 12.50% Secured Debt (5) —  (156) 243  8,018  —  8,018  —  12.50% Secured Debt (5) —  43  901  —  10,336  —  10,336  Preferred Equity (5) —  3,990  164  5,830  3,990  —  9,820  NexRev LLC Preferred Member Units (8) —  (10) 15  3,210  —  10  3,200  NuStep, LLC 10.29% SF+ 6.50% Secured Debt (5) —  —  57  250  400  —  650  12.00% Secured Debt (5) —  —  433  4,610  —  60  4,550  Preferred Member Units (5) —  (490) —  3,050  —  490  2,560  Preferred Member Units (5) —  130  —  1,530  130  —  1,660  Oneliance, LLC Preferred Stock (7) —  (60) 25  810  —  60  750  Orttech Holdings, LLC SF+ 11.00% Secured Debt (5) —  (3) 7  153  3  156  —  14.79% SF+ 11.00% Secured Debt (5) —  38  597  5,190  52  —  5,242  Preferred Stock (5) —  (690) 45  3,360  —  690  2,670  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (1) 3  —  1  1  —  13.00% Secured Debt (8) —  (33) 677  6,800  33  613  6,220  Preferred Equity (8) —  (40) 220  5,110  —  40  5,070  RA Outdoors LLC 10.63% SF+ 6.75% 1.42% Secured Debt (8) —  (101) 114  1,142  114  101  1,155  10.63% SF+ 6.75% 1.42% Secured Debt (8) —  (1,058) 1,195  11,937  1,195  1,058  12,074  10.58% SF+ 6.75% Secured Debt (8) —  (109) 26  —  475  109  366  10.58% SF+ 6.75% Secured Debt (8) —  (106) 26  —  463  106  357  Robbins Bros. Jewelry, Inc. Secured Debt (9) —  —  9  (12) —  2  (14) 12.50% 10.00% Secured Debt (9) —  19  —  1,559  —  60  1,499  Preferred Equity (9) —  —  —  —  —  —  —  SI East, LLC 11.85% Secured Debt (12) (7) —  (4) 73  750  1  4  747  12.79% Secured Debt (7) —  (30) 2,172  22,283  10  207  22,086  Preferred Member Units (7) —  (1,380) 93  5,730  —  1,380  4,350  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (235) —  1,598  —  235  1,363  8.50% 8.50% Secured Debt (6) —  80  13  866  93  —  959  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) September 30, 2026 Fair Value (13) Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (21) 129  241  129  21  349  12.00% 12.00% Secured Debt (9) —  864  —  707  864  —  1,571  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC 11.50% Secured Debt (7) —  —  25  —  400  —  400  13.50% Secured Debt (7) —  (18) 69  2,250  —  2,250  —  13.50% Secured Debt (7) —  149  596  —  7,820  —  7,820  Common Stock (7) —  3,109  128  3,730  3,450  —  7,180  Common Equity (7) —  —  —  174  —  —  174  9.00% Secured Debt (7) —  (1) 36  510  1  1  510  9.00% Secured Debt (7) —  1  26  —  525  —  525  9.00% Secured Debt (7) —  —  5  —  100  —  100  Urgent DSO LLC 13.50% Secured Debt (5) —  (50) 235  2,168  10  50  2,128  Preferred Equity (5) —  (896) —  1,089  —  896  193  Victory Energy Operations, LLC Secured Debt (12) (8) —  —  31  127  415  554  (12) 13.00% Secured Debt (8) —  —  803  7,575  40  277  7,338  Preferred Equity (8) —  470  74  3,760  470  —  4,230  VVS Holdco LLC 9.79% SF+ 6.00% Secured Debt (5) —  —  2  —  100  —  100  11.50% Secured Debt (5) —  —  535  5,967  27  300  5,694  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  $ 9,467  $ 28,078  $ 406,771  $ 85,319  $ 71,760  $ 420,330  _________________________ (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 September 30, 2026 for Affiliate investments located in this region was $162,102. This represented 21.6% of net assets as of September 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 September 30, 2026 for Control investments located in this region was $17,200. This represented 2.3% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $34,273. This represented 4.6% of net assets as of September 30, 2026. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $5,868. This represented 0.8% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $55,346. This represented 7.4% of net assets as of September 30, 2026. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $42,516. This represented 5.7% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $109,179. This represented 14.6% of net assets as of September 30, 2026. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $380. This represented 0.1% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $59,430. This represented 7.9% of net assets as of September 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 September 30, 2026 (see Note I — 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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Control Investments BDB Holdings, LLC Preferred Equity (7) $ —  $ (1,910) $ —  $ 12,610  $ —  $ 1,911  $ 10,699  12.00% Secured Debt (12) (7) —  —  24  —  782  —  782  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  530  —  15  515  GRT Rubber Technologies LLC 10.41% SF+ 6.00% Secured Debt (12) (8) —  (4) 127  1,550  4  4  1,550  12.41% SF+ 8.00% Secured Debt (8) —  (37) 1,922  19,944  37  37  19,944  Member Units (8) —  460  2,108  22,600  460  —  23,060  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 5,295  (4,829) —  8,740  3,875  10,890  1,725  Volusion, LLC 10.00% Secured Debt (8) —  —  68  900  —  —  900  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) 10  (694) —  3,004  9  1,435  1,578  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  $ (7,014) $ 4,249  $ 69,878  $ 5,167  $ 14,292  $ 60,753  Affiliate Investments American Nuts, LLC Preferred Equity (9) $ —  $ (806) $ —  $ —  $ 2,556  $ 806  $ 1,750  12.94% SF+ 8.50% 12.94% Secured Debt (9) —  —  144  —  2,252  —  2,252  12.94% SF+ 8.50% 12.94% Secured Debt (9) —  —  144  —  2,252  —  2,252  Analytical Systems Keco Holdings, LLC Secured Debt (8) —  —  —  —  —  —  —  14.50% Secured Debt (8) —  —  127  1,012  2  37  977  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  60  —  1,330  60  —  1,390  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  —  Secured Debt (12) (8) —  —  2  30  —  30  —  10.00% Secured Debt (8) —  —  95  1,165  4  70  1,099  Preferred Stock (8) —  400  65  570  400  —  970  Brewer Crane Holdings, LLC 14.41% SF+ 10.00% Secured Debt (9) —  —  137  1,254  —  —  1,254  Preferred Member Units (9) —  (320) 23  1,170  —  320  850  Preferred Member Units (9) —  —  3  —  81  —  81  Centre Technologies Holdings, LLC SF+ 8.00% Secured Debt (12) (8) —  —  2  —  —  —  —  12.41% SF+ 8.00% Secured Debt (8) —  (8) 659  6,384  8  276  6,116  Preferred Member Units (8) —  2,200  23  3,110  2,200  —  5,310  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (17) 18  —  17  17  —  12.49% SF+ 8.00% Secured Debt (8) —  3  419  3,905  1,200  —  5,105  Member Units (8) —  (10) 1,471  8,280  —  10  8,270  Member Units (8) —  55  17  888  55  —  943  Charps, LLC Preferred Member Units (5) —  (80) 134  3,900  —  80  3,820  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  —  —  —  —  —  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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Secured Debt (5) —  (9) 98  1,690  —  1,690  —  10.00% Secured Debt (5) —  24  45  —  2,450  40  2,410  10.00% Secured Debt (5) —  —  18  243  —  8  235  Member Units (5) —  780  289  2,750  780  —  3,530  Member Units (5) —  80  —  236  81  —  317  Cody Pools, Inc. Secured Debt (12) (8) —  5  37  —  157  157  —  12.50% Secured Debt (8) —  6  604  6,598  629  500  6,727  Preferred Member Units (8) —  (330) 428  16,950  —  330  16,620  Colonial Electric Company LLC Secured Debt (12) (6) —  —  2  —  —  —  —  12.00% Secured Debt (6) —  (18) 293  3,578  18  1,401  2,195  Preferred Member Units (6) —  220  818  3,390  220  —  3,610  Compass Systems & Sales, LLC Secured Debt (5) —  —  3  (16) 3  —  (13) 13.50% Secured Debt (5) —  23  459  4,201  43  —  4,244  Preferred Equity (5) —  (60) 45  1,860  —  60  1,800  Datacom, LLC 7.50% Secured Debt (8) —  —  6  55  85  65  75  10.00% Secured Debt (8) —  (250) 82  878  15  272  621  Preferred Member Units (8) —  (70) —  30  40  70  —  Digital Products Holdings LLC 14.31% SF+ 10.00% Secured Debt (5) —  —  337  3,105  8  164  2,949  Preferred Member Units (5) —  —  38  2,459  —  —  2,459  Direct Marketing Solutions, Inc. 14.00% Secured Debt (9) —  (1) 7  —  181  1  180  14.00% Secured Debt (9) —  (9) 492  4,668  9  176  4,501  Preferred Stock (9) —  290  —  4,480  290  —  4,770  DMA Industries, LLC 12.00% Secured Debt (7) —  2  13  138  2  —  140  12.00% Secured Debt (7) —  28  384  4,161  39  600  3,600  Preferred Equity (7) —  620  —  1,486  620  —  2,106  15.00% 15.00% Preferred Equity (7) —  320  94  810  414  —  1,224  Flame King Holdings, LLC Preferred Equity (9) —  3,050  1,968  8,980  3,050  —  12,030  12.00% Secured Debt (9) —  308  533  —  16,500  —  16,500  Secured Debt (9) —  —  3  —  —  —  —  Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (5) —  (82) —  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) —  (31) 1,617  18,282  31  631  17,682  Member Units (5) —  480  1,286  28,690  480  —  29,170  GFG Group, LLC Secured Debt (5) —  (16) 57  2,046  —  2,046  —  Secured Debt (5) —  —  46  —  —  —  —  8.00% Secured Debt (5) —  14  74  —  3,513  —  3,513  Preferred Member Units (5) —  100  182  2,640  100  —  2,740  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (8) —  —  —  —  —  —  —  Secured Debt (8) (58) 202  —  378  156  534  —  Preferred Equity (8) (1,400) 1,400  —  —  1,400  1,400  —  Member Units (8) (920) 920  —  —  920  920  —  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  194  —  4,472  194  534  4,132  IG Investor, LLC 13.00% Secured Debt (12) (6) —  16  46  379  21  —  400  13.00% Secured Debt (6) —  143  905  8,693  183  110  8,766  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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Common Equity (6) —  1,130  —  4,060  1,130  —  5,190  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (500) —  7,290  —  500  6,790  Integral Energy Services 12.05% SF+ 7.50% Secured Debt (8) —  (114) 1,436  14,872  48  864  14,056  10.00% 10.00% Preferred Equity (8) —  60  23  535  83  —  618  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) —  —  315  3,741  4  400  3,345  9.00% Secured Debt (5) —  —  67  982  —  9  973  Preferred Equity (5) —  920  —  3,060  920  —  3,980  Member Units (5) —  13  19  678  13  1  690  KMS, LLC SF+ 9.75% Secured Debt (5) —  409  —  829  —  829  —  SF+ 9.75% Secured Debt (5) 1  3,202  —  5,973  —  5,973  —  SF+ 9.75% Secured Debt (5) —  —  9  562  —  562  —  SF+ 9.75% Secured Debt (5) —  —  9  550  —  550  —  SF+ 9.75% Secured Debt (5) —  —  4  —  —  —  —  12.50% 12.50% Secured Debt (12) (5) —  —  132  —  1,432  —  1,432  12.50% 12.50% Secured Debt (5) —  —  115  —  1,504  244  1,260  Preferred Equity (5) —  308  —  —  6,421  1  6,420  Mills Fleet Farm Group, LLC Preferred Equity (5) —  (1,925) 665  11,166  669  1,925  9,910  9.78% SF+ 5.50% 9.78% Secured Debt (5) —  —  150  —  2,285  —  2,285  9.70% SF+ 5.50% 9.70% Secured Debt (5) —  —  17  —  1,349  —  1,349  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  1  —  —  —  —  10.00% Secured Debt (6) —  (1) 110  1,436  1  1  1,436  Common Stock (6) —  110  716  6,590  110  —  6,700  Nello Industries Investco, LLC SF+ 6.50% Secured Debt (5) —  —  12  (12) 12  —  —  12.50% Secured Debt (5) —  —  722  6,619  631  —  7,250  Preferred Stock (5) 58  1,410  438  3,890  1,469  289  5,070  NexRev LLC Secured Debt (8) —  —  —  —  —  —  —  Secured Debt (8) —  (3) 38  2,453  3  2,456  —  Preferred Member Units (8) —  90  113  2,970  90  —  3,060  NuStep, LLC 10.91% SF+ 6.50% Secured Debt (5) —  —  70  900  —  350  550  12.00% Secured Debt (5) —  —  420  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) —  170  14  640  170  —  810  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  (1) 1  —  1  1  —  15.41% SF+ 11.00% Secured Debt (5) —  (18) 643  5,490  18  318  5,190  Preferred Stock (5) —  —  45  3,360  —  —  3,360  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (1) 3  —  1  1  —  13.00% Secured Debt (8) —  (29) 725  7,160  29  229  6,960  Preferred Equity (8) —  330  348  4,590  330  —  4,920  RA Outdoors LLC 11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (143) 114  1,215  77  181  1,111  11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (1,500) 1,199  12,710  814  1,905  11,619  SF+ 6.75% Secured Debt (8) —  —  —  —  —  —  —  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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Common Equity (8) —  —  —  —  —  —  —  Robbins Bros. Jewelry, Inc. Secured Debt (9) —  —  3  (7) —  5  (12) 12.50% 10.00% Secured Debt (9) —  17  —  1,617  —  45  1,572  Preferred Equity (9) —  —  —  —  —  —  —  SI East, LLC 11.85% Secured Debt (12) (7) —  (1) 73  750  1  1  750  12.78% Secured Debt (7) —  12  2,193  22,554  —  209  22,345  Preferred Member Units (7) —  210  104  4,550  210  —  4,760  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (331) —  1,826  —  331  1,495  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  620  14  227  634  —  861  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  56  —  412  —  185  227  12.00% 12.00% Secured Debt (9) —  (260) —  901  —  260  641  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  —  —  —  —  —  13.50% Secured Debt (7) —  —  208  1,962  5  —  1,967  Common Stock (7) —  1,200  22  2,140  1,200  —  3,340  Urgent DSO LLC 13.50% Secured Debt (5) —  —  235  2,145  10  —  2,155  9.00% 9.00% Preferred Equity (5) —  —  74  1,080  74  —  1,154  Victory Energy Operations, LLC Secured Debt (12) (8) —  —  10  (5) 273  277  (9) 13.00% Secured Debt (8) —  —  799  7,529  34  —  7,563  Preferred Equity (8) —  61  69  3,644  61  35  3,670  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  3  —  —  —  —  11.50% Secured Debt (5) —  —  577  6,366  31  320  6,077  Preferred Equity (5) —  —  25  3,060  —  —  3,060  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  (3,611) (44) (7,914) —  —  —  Total Affiliate investments $ (2,319) $ 12,460  $ 28,220  $ 351,360  $ 66,743  $ 33,732  $ 392,285  ___________________________________________________ (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 September 30, 2025 for Affiliate investments located in this region was $151,989. This represented 20.7% of net assets as of September 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 September 30, 2025 for Affiliate investments located in this region was $37,443. This represented 5.1% of net assets as of September 30, 2025. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $11,481. This represented 1.6% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $41,042. This represented 5.6% of net assets as of September 30, 2025. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $48,757. This represented 6.6% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $112,963. This represented 15.4% of net assets as of September 30, 2025. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $515. This represented 0.1% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $48,848. This represented 6.7% of net assets as of September 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 September 30, 2025 (see Note I — 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.