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

v3.25.2

Consolidated Schedule of Investments In and Advances to Affiliates (Tables)	6 Months Ended
	Jun. 30, 2025
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, 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  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) 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  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  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) 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  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  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) 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) —  —  —  —  —  —  —  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, fees and dividends 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 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 Control 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 Company’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 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, 2023 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2024 Fair Value (13) Control Investments Copper Trail Fund Investments LP Interests (CTMH, LP) (9) $ —  $ —  $ —  $ 568  $ —  $ —  $ 568  GRT Rubber Technologies LLC 11.48% SF+ 6.00% Secured Debt (12) (8) —  5  76  1,182  368  —  1,550  13.48% SF+ 8.00% Secured Debt (8) —  (25) 1,383  19,944  25  25  19,944  Member Units (8) —  —  41  21,890  —  1  21,889  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 57  2,941  278  6,050  2,998  57  8,991  Volusion, LLC 10.00% Secured Debt (8) —  —  46  900  —  —  900  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  798  —  3,110  799  909  3,000  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 $ 57  $ 3,719  $ 1,824  $ 53,644  $ 4,190  $ 992  $ 56,842  Affiliate Investments Analytical Systems Keco Holdings, LLC 15.38% SF+ 10.00% Secured Debt (12) (8) —  —  3  54  1  —  55  15.38% SF+ 10.00% Secured Debt (8) —  —  87  1,020  10  49  981  14.13% Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  190  —  1,210  190  —  1,400  Warrants (8) —  —  —  —  —  —  —  Barfly Ventures, LLC Member Units (5) —  193  —  1,380  193  —  1,573  Batjer TopCo, LLC 10.00% Secured Debt (12) (8) —  (1) 2  —  50  1  49  10.00% Secured Debt (12) (8) —  —  2  30  —  —  30  10.00% Secured Debt (8) —  (15) 62  1,175  2  15  1,162  Preferred Stock (8) —  (50) 45  680  —  50  630  Brewer Crane Holdings, LLC 15.48% SF+ 10.00% Secured Debt (9) —  —  107  1,374  4  62  1,316  Preferred Member Units (9) —  (70) 15  1,400  —  70  1,330  Centre Technologies Holdings, LLC SF+ 10.00% Secured Debt (12) (8) —  —  2  —  —  —  —  15.48% SF+ 10.00% Secured Debt (8) —  58  344  —  5,494  378  5,116  Secured Debt (8) —  (29) 84  4,394  —  4,394  —  Preferred Member Units (8) —  120  15  2,760  120  —  2,880  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (11) 12  —  11  11  —  13.49% SF+ 8.00% Secured Debt (8) —  —  267  3,905  —  —  3,905  Member Units (8) —  180  849  7,330  180  —  7,510  Member Units (8) —  72  12  715  74  1  788  Charps, LLC Preferred Member Units (5) —  (20) 39  3,920  —  20  3,900  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  —  —  —  —  —  11.50% Secured Debt (5) —  —  127  2,103  —  155  1,948  10.00% Secured Debt (5) —  —  13  251  —  5  246  Member Units (5) —  250  105  1,300  250  —  1,550  Member Units (5) —  (45) —  282  —  45  237  Cody Pools, Inc. Secured Debt (12) (8) —  2  5  —  236  236  —  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, 2023 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2024 Fair Value (13) 12.50% Secured Debt (8) —  (4) 443  7,111  4  234  6,881  Preferred Member Units (8) —  500  377  18,120  501  —  18,621  Colonial Electric Company LLC Secured Debt (12) (6) —  —  1  —  —  —  —  12.00% Secured Debt (6) —  82  326  5,407  106  978  4,535  Preferred Member Units (6) —  (360) 360  600  —  600  —  Preferred Member Units (6) —  1,020  139  1,920  1,020  —  2,940  Compass Systems & Sales, LLC 13.50% Secured Debt (5) —  —  3  —  388  —  388  13.50% Secured Debt (5) —  —  306  4,175  13  —  4,188  Preferred Equity (5) —  117  30  1,863  117  —  1,980  Datacom, LLC 7.50% Secured Debt (8) —  —  2  49  25  45  29  10.00% Secured Debt (8) —  —  57  844  11  15  840  Preferred Member Units (8) —  10  —  10  10  —  20  Digital Products Holdings LLC 15.38% SF+ 10.00% Secured Debt (5) —  —  279  3,673  8  363  3,318  Preferred Member Units (5) —  —  25  2,459  1  —  2,460  Direct Marketing Solutions, Inc. Secured Debt (9) —  (1) 7  217  226  443  —  14.00% Secured Debt (9) —  (7) 354  5,002  7  174  4,835  Preferred Stock (9) —  (280) —  5,180  —  280  4,900  Flame King Holdings, LLC Preferred Equity (9) —  1,970  393  6,970  1,970  —  8,940  Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) —  —  255  3,705  —  1,109  2,596  Gamber-Johnson Holdings, LLC SF+ 7.50% Secured Debt (12) (5) —  —  1  —  —  —  —  10.50% SF+ 7.50% Secured Debt (5) —  (37) 713  13,520  37  1,237  12,320  Member Units (5) —  2,460  751  24,180  2,460  —  26,640  GFG Group, LLC 8.00% Secured Debt (5) —  (7) 102  2,336  7  7  2,336  Preferred Member Units (5) —  (410) 195  2,870  —  410  2,460  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (12) (8) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (8) —  (84) 19  571  —  84  487  Preferred Equity (8) —  (620) —  620  —  620  —  Member Units (8) —  —  —  —  —  —  —  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  97  —  4,225  97  —  4,322  IG Investor, LLC Secured Debt (12) (6) —  —  5  (27) 3  —  (24) 13.00% Secured Debt (6) —  —  634  9,069  33  221  8,881  Common Equity (6) —  —  —  3,600  —  —  3,600  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  150  —  6,320  150  —  6,470  Integral Energy Services 13.06% SF+ 7.50% Secured Debt (8) —  388  1,113  16,232  442  1,835  14,839  10.00% 10.00% Preferred Equity (8) —  153  17  350  170  —  520  Common Stock (8) —  450  25  190  450  —  640  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  294  4,933  5  601  4,337  9.00% Secured Debt (5) —  —  44  951  41  5  987  Preferred Equity (5) —  560  —  2,420  560  —  2,980  Member Units (5) —  (60) 16  683  —  60  623  MH Corbin Holding LLC 14.00% Secured Debt (5) —  —  92  1,256  —  40  1,216  Preferred Member Units (5) —  —  —  80  —  —  80  Preferred Member Units (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, 2023 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2024 Fair Value (13) Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  1  —  —  —  —  10.00% Secured Debt (6) —  5  73  1,436  —  —  1,436  Common Stock (6) —  (68) 481  6,598  —  68  6,530  Nello Industries Investco, LLC 11.88% SF+ 6.50% Secured Debt (12) (5) —  —  22  —  2,729  —  2,729  13.50% Secured Debt (5) —  —  66  —  6,017  —  6,017  Common Equity (5) —  —  —  —  3,030  —  3,030  NexRev LLC 10.00% Secured Debt (12) (8) —  —  11  —  400  —  400  10.00% Secured Debt (8) —  10  132  2,435  18  —  2,453  Preferred Member Units (8) —  457  118  1,590  460  —  2,050  NuStep, LLC 11.98% SF+ 6.50% Secured Debt (5) —  —  55  899  —  —  899  12.00% Secured Debt (5) —  —  281  4,606  2  —  4,608  Preferred Member Units (5) —  240  —  2,310  240  —  2,550  Preferred Member Units (5) —  —  —  1,290  —  —  1,290  Oneliance, LLC 15.48% SF+ 10.00% Secured Debt (7) —  18  111  1,339  21  60  1,300  Preferred Stock (7) —  128  —  282  128  —  410  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  —  16.48% SF+ 11.00% Secured Debt (5) —  (11) 469  5,510  11  31  5,490  Preferred Stock (5) —  (490) 66  4,260  —  490  3,770  Pinnacle TopCo, LLC Secured Debt (12) (8) —  —  3  105  1  115  (9) 13.00% Secured Debt (8) —  —  522  7,472  18  —  7,490  Preferred Equity (8) —  705  213  3,135  705  —  3,840  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  1  (6) 1  —  (5) 12.50% 10.00% Secured Debt (9) —  (1,444) 123  3,421  5  1,494  1,932  Preferred Equity (9) —  —  —  —  —  —  —  SI East, LLC 11.75% Secured Debt (12) (7) —  1  39  375  750  375  750  Secured Debt (7) —  (161) 947  18,179  —  18,179  —  12.62% Secured Debt (7) —  24  483  —  22,554  —  22,554  Preferred Member Units (7) —  (500) 619  6,390  —  500  5,890  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (1,717) —  3,543  —  1,717  1,826  Preferred Equity (6) —  —  —  —  —  —  —  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  —  14  432  —  —  432  12.00% 12.00% Secured Debt (9) —  (2,401) 115  3,565  —  2,401  1,164  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  1  —  —  —  —  13.50% Secured Debt (7) —  17  133  1,980  —  —  1,980  Common Stock (7) —  (740) 15  3,180  —  740  2,440  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  2  —  —  —  —  11.50% Secured Debt (5) —  —  429  6,926  26  290  6,662  Preferred Equity (5) —  —  51  3,060  —  —  3,060  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, 2023 Fair Value Gross Additions (3) Gross Reductions (4) June 30, 2024 Fair Value (13) Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  —  —  —  —  —  Total Affiliate investments $ —  $ 984  $ 15,171  $ 291,279  $ 52,793  $ 41,313  $ 302,759  ___________________________________________________ (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, fees and dividends 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 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, 2024 for Affiliate investments located in this region was $118,468. This represented 19.0% of net assets as of June 30, 2024. (6)Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Affiliate investments located in this region was $36,194. This represented 5.8% of net assets as of June 30, 2024. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Affiliate investments located in this region was $35,324. This represented 5.7% of net assets as of June 30, 2024. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Control investments located in this region was $56,274. This represented 9.0% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $87,929. This represented 14.1% of net assets as of June 30, 2024. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Control investments located in this region was $568. This represented 0.1% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $24,844. This represented 4.0% of net assets as of June 30, 2024. (10)All of the Company’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, 2024 (see Note I). 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.