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

v3.25.3

Consolidated Schedule of Investments In and Advances to Affiliates (Tables)	9 Months Ended
	Sep. 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 (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  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) 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) —  —  —  —  —  —  —  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) —  —  —  —  —  —  —  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 (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  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  —  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) 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) —  —  —  —  —  —  —  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  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) 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, 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 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. 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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2024 Fair Value (13) Control Investments Copper Trail Fund Investments LP Interests (CTMH, LP) (9) $ —  $ —  $ —  $ 568  $ —  $ 38  $ 530  GRT Rubber Technologies LLC 11.35% SF+ 6.00% Secured Debt (12) (8) —  4  123  1,182  368  —  1,550  13.35% SF+ 8.00% Secured Debt (8) —  (37) 2,080  19,944  37  37  19,944  Member Units (8) —  —  93  21,890  —  —  21,890  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 57  2,769  278  6,050  2,826  57  8,819  Volusion, LLC 10.00% Secured Debt (8) —  —  69  900  —  —  900  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  1,895  —  3,110  1,895  1,805  3,200  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  $ 4,631  $ 2,643  $ 53,644  $ 5,126  $ 1,937  $ 56,833  Affiliate Investments Analytical Systems Keco Holdings, LLC Secured Debt (12) (8) —  —  4  54  —  54  —  13.75% Secured Debt (8) —  —  138  1,020  79  75  1,024  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  220  —  1,210  220  —  1,430  Warrants (8) —  —  —  —  —  —  —  Barfly Ventures, LLC Member Units (5) —  407  —  1,380  407  —  1,787  Batjer TopCo, LLC 10.00% Secured Debt (12) (8) —  (1) 3  —  50  1  49  10.00% Secured Debt (12) (8) —  —  2  30  —  —  30  10.00% Secured Debt (8) —  (15) 93  1,175  4  15  1,164  Preferred Stock (8) —  (110) 71  680  —  110  570  Brewer Crane Holdings, LLC 15.35% SF+ 10.00% Secured Debt (9) —  —  158  1,374  4  93  1,285  Preferred Member Units (9) —  (40) 23  1,400  —  40  1,360  Centre Technologies Holdings, LLC SF+ 10.00% Secured Debt (12) (8) —  —  2  —  —  —  —  15.35% SF+ 10.00% Secured Debt (8) —  54  550  —  5,494  378  5,116  Secured Debt (8) —  (29) 84  4,394  —  4,394  —  Preferred Member Units (8) —  230  23  2,760  230  —  2,990  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (17) 18  —  17  17  —  13.36% SF+ 8.00% Secured Debt (8) —  (1) 401  3,905  1  1  3,905  Member Units (8) —  300  969  7,330  300  —  7,630  Member Units (8) —  90  17  715  90  —  805  Charps, LLC Preferred Member Units (5) —  (20) 121  3,920  —  20  3,900  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  1  —  —  —  —  10.00% Secured Debt (5) —  37  176  2,103  30  350  1,783  10.00% Secured Debt (5) —  —  19  251  —  7  244  Member Units (5) —  910  146  1,300  910  —  2,210  Member Units (5) —  (45) —  282  —  45  237  Cody Pools, Inc. Secured Debt (12) (8) —  1  6  —  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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2024 Fair Value (13) 12.50% Secured Debt (8) —  (6) 660  7,111  5  404  6,712  Preferred Member Units (8) —  (630) 392  18,120  —  630  17,490  Colonial Electric Company LLC Secured Debt (12) (6) —  —  2  —  —  —  —  12.00% Secured Debt (6) —  73  469  5,407  105  1,456  4,056  Preferred Member Units (6) —  (360) 360  600  —  600  —  Preferred Member Units (6) —  1,360  560  1,920  1,360  —  3,280  Compass Systems & Sales, LLC Secured Debt (5) —  —  18  —  583  600  (17) 13.50% Secured Debt (5) —  —  461  4,175  19  —  4,194  Preferred Equity (5) —  117  45  1,863  117  —  1,980  Datacom, LLC 7.50% Secured Debt (8) —  —  3  49  50  60  39  10.00% Secured Debt (8) —  7  86  844  24  23  845  Preferred Member Units (8) —  30  —  10  30  —  40  Digital Products Holdings LLC 15.25% SF+ 10.00% Secured Debt (5) —  —  410  3,673  12  482  3,203  Preferred Member Units (5) —  —  38  2,459  —  —  2,459  Direct Marketing Solutions, Inc. Secured Debt (9) —  (1) 10  217  301  518  —  14.00% Secured Debt (9) —  (11) 529  5,002  11  262  4,751  Preferred Stock (9) —  (360) —  5,180  —  360  4,820  Flame King Holdings, LLC Preferred Equity (9) —  1,970  808  6,970  1,970  —  8,940  Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (5) —  193  38  3,705  193  2,005  1,893  Gamber-Johnson Holdings, LLC SF+ 7.00% Secured Debt (12) (5) —  —  1  —  —  —  —  10.00% SF+ 7.00% Secured Debt (5) —  (50) 1,036  13,520  50  1,450  12,120  Member Units (5) —  2,660  1,352  24,180  2,660  —  26,840  GFG Group, LLC 8.00% Secured Debt (5) —  (14) 153  2,336  14  304  2,046  Preferred Member Units (5) —  (230) 323  2,870  —  230  2,640  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (12) (8) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (8) —  (220) 19  571  —  220  351  Preferred Equity (8) —  (620) —  620  —  620  —  Member Units (8) —  —  —  —  —  —  —  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  247  —  4,225  247  —  4,472  IG Investor, LLC 13.00% Secured Debt (12) (6) —  —  17  (27) 405  —  378  13.00% Secured Debt (6) —  —  948  9,069  48  330  8,787  Common Equity (6) —  120  —  3,600  120  —  3,720  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  970  —  6,320  970  —  7,290  Integral Energy Services 13.09% SF+ 7.50% Secured Debt (8) —  273  1,633  16,232  342  1,835  14,739  10.00% 10.00% Preferred Equity (8) —  153  24  350  177  —  527  Common Stock (8) —  450  38  190  450  —  640  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  429  4,933  6  800  4,139  9.00% Secured Debt (5) —  —  66  951  41  8  984  Preferred Equity (5) —  640  —  2,420  640  —  3,060  Member Units (5) —  (60) 24  683  —  60  623  MH Corbin Holding LLC 14.00% Secured Debt (5) —  (871) 139  1,256  —  911  345  Preferred Member Units (5) —  (80) —  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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2024 Fair Value (13) Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  1  —  —  —  —  10.00% Secured Debt (6) —  4  110  1,436  —  —  1,436  Common Stock (6) —  (68) 735  6,598  —  68  6,530  Nello Industries Investco, LLC 11.75% SF+ 6.50% Secured Debt (5) —  —  126  —  4,188  600  3,588  13.50% Secured Debt (5) —  —  293  —  6,609  —  6,609  Common Equity (5) —  —  55  —  3,030  —  3,030  NexRev LLC 10.00% Secured Debt (12) (8) —  —  25  —  790  300  490  10.00% Secured Debt (8) —  6  198  2,435  18  —  2,453  Preferred Member Units (8) —  870  161  1,590  870  —  2,460  NuStep, LLC 11.85% SF+ 6.50% Secured Debt (5) —  —  83  899  1  —  900  12.00% Secured Debt (5) —  —  424  4,606  3  —  4,609  Preferred Member Units (5) —  92  —  2,310  350  —  2,660  Preferred Member Units (5) —  20  —  1,290  150  —  1,440  Oneliance, LLC SF+ 10.00% Secured Debt (7) —  7  142  1,339  21  1,360  —  Preferred Stock (7) —  268  —  282  268  —  550  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  (1) 1  —  1  1  —  16.35% SF+ 11.00% Secured Debt (5) —  (17) 705  5,510  17  37  5,490  Preferred Stock (5) —  (590) 97  4,260  —  590  3,670  Pinnacle TopCo, LLC Secured Debt (12) (8) —  8  4  105  10  115  —  13.00% Secured Debt (8) —  152  783  7,472  188  400  7,260  Preferred Equity (8) —  1,205  430  3,135  1,205  —  4,340  RA Outdoors LLC 11.59% SF+ 6.75% 11.59% Secured Debt (8) —  (70) 27  745  481  36  1,190  11.59% SF+ 6.75% 11.59% Secured Debt (8) —  (737) 284  12,089  448  96  12,441  Common Equity (8) —  —  —  —  —  —  —  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  1  (6) 1  —  (5) 12.50% 10.00% Secured Debt (9) —  (1,662) 123  3,421  5  1,713  1,713  Preferred Equity (9) —  —  —  —  —  —  —  SI East, LLC 11.75% Secured Debt (12) (7) —  —  64  375  750  375  750  Secured Debt (7) —  (161) 947  18,179  —  18,179  —  12.63% Secured Debt (7) —  22  1,213  —  22,554  —  22,554  Preferred Member Units (7) —  (1,000) 665  6,390  —  1,000  5,390  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (1,717) —  3,543  —  1,717  1,826  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  —  1  —  223  —  223  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) —  15  204  1,980  —  —  1,980  Common Stock (7) —  (800) 22  3,180  —  800  2,380  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  3  —  —  —  —  11.50% Secured Debt (5) —  —  638  6,926  36  290  6,672  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 (13) Gross Additions (3) Gross Reductions (4) September 30, 2024 Fair Value (13) Preferred Equity (5) —  —  80  3,060  —  —  3,060  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  —  (12,834) —  —  —  Total Affiliate investments $ —  $ 1,166  $ 22,891  $ 291,279  $ 61,239  $ 50,162  $ 315,190  ___________________________________________________ (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 September 30, 2024 for Affiliate investments located in this region was $118,398. This represented 19.1% of net assets as of September 30, 2024. (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, 2024 for Affiliate investments located in this region was $37,526. This represented 6.1% of net assets as of September 30, 2024. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2024 for Affiliate investments located in this region was $33,604. This represented 5.4% of net assets as of September 30, 2024. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2024 for Control investments located in this region was $56,303. This represented 9.1% of net assets as of September 30, 2024. The fair value as of September 30, 2024 for Affiliate investments located in this region was $101,202. This represented 16.4% of net assets as of September 30, 2024. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2024 for Control investments located in this region was $530. This represented 0.1% of net assets as of September 30, 2024. The fair value as of September 30, 2024 for Affiliate investments located in this region was $24,460. This represented 4.0% of net assets as of September 30, 2024. (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, 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.