MidCap Financial Investment Corp

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

MFIC$10.36+0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Schedule of Investments June 30, 2024

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Advertising, Printing & Publishing
FingerPaint Marketing
KL Charlie Acquisition Company	First Lien Secured Debt - Term Loan	SOFR+685, 1.00% Floor		12/30/26		$		18,279		$		18,108		$		18,005			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+685, 1.00% Floor		12/30/26				5,426				5,377				5,345			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor		12/30/26				—				(23)				(29)			(8)(9)(21)(23)
KL Charlie Co-Invest, L.P.	Common Equity - Common Stock	N/A		N/A			218,978 Shares				220				322			(9)(13)
													23,682				23,643
Hero Digital
HRO (Hero Digital) Holdings, LLC	First Lien Secured Debt - Term Loan	SOFR+610, 1.00% Floor		11/18/28				19,085				18,841				18,190			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+610, 1.00% Floor		11/18/28				1,403				1,367				1,044			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+610, 1.00% Floor		11/18/26				2,519				2,492				2,398			(9)(20)(21)(23)(31)
HRO Holdings I LP	Common Equity - Common Stock	N/A		N/A			213 Shares				213				142			(9)(13)
													22,913				21,774
			Total Advertising, Printing & Publishing		$	46,595			$	45,417
Automotive
Club Car Wash
Club Car Wash Operating, LLC	First Lien Secured Debt - Term Loan	SOFR+615, 1.00% Floor		06/16/27		$		12,463		$		12,343		$		12,290			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+615, 1.00% Floor		06/16/27				13,048				12,855				12,848			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+615, 1.00% Floor		06/16/27				1,625				1,608				1,603			(9)(23)(31)
													26,806				26,741
K&N Parent, Inc.
K&N Holdco, LLC	Common Equity - Common Stock	N/A		N/A			77,622 Shares				23,619				1,515			(13)
Truck-Lite Co., LLC
TL Lighting Holdings, LLC	Common Equity - Equity	N/A		N/A			350 Shares				350				847			(9)(13)
			Total Automotive		$	50,775			$	29,103
Aviation and Consumer Transport
GAT-Airline Ground Support Inc
GAT-Airline Ground Support Inc	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor		05/09/29		$		15,238		$		15,013		$		15,012			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 1.00% Floor		05/09/26				—				(16)				(18)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+550, 1.00% Floor		05/09/29				635				600				599			(9)(21)(23)(31)
													15,597				15,593

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Merx Aviation Finance, LLC
Merx Aviation Finance, LLC (5)	First Lien Secured Debt - Revolver	10.00%		10/31/25				67,075				67,075				67,075			(20)(23)
	Common Equity - Membership Interests	N/A		N/A				—				146,500				119,906			(24)
													213,575				186,981
Primeflight
PrimeFlight Acquisition, LLC	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor		05/01/29				10,410				10,173				10,332			(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor		05/01/29				3,267				3,218				3,218			(9)(31)
													13,391				13,550
			Total Aviation and Consumer Transport		$		242,563		$		216,124
Beverage, Food & Tobacco
Berner Foods
Berner Food & Beverage, LLC	First Lien Secured Debt - Term Loan	SOFR+565, 1.00% Floor		07/30/27		$		30,263		$		29,864		$		29,658			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+465, 1.00% Floor		07/30/26				1,896				1,867				1,831			(9)(21)(23)(30)(31)
													31,731				31,489
Bolthouse Farms
Wm. Bolthouse Farms, Inc.	Common Equity - Equity Interests	N/A		N/A			1,086,122 Shares				1,147				1,347			(13)
Hive
FCP-Hive Holdings, LLC	Preferred Equity - Preferred Equity	N/A		N/A			589 Shares				448				247			(9)(13)
	Common Equity - Common Stock	N/A		N/A			589 Shares				3				—			(9)(13)
Hive Intermediate, LLC	First Lien Secured Debt - Term Loan	SOFR+610 Cash plus 2.00% PIK, 1.00% Floor		09/22/27				14,066				13,909				13,714			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+610 Cash plus 2.00% PIK, 1.00% Floor		09/22/27				639				613				580			(9)(21)(23)(30)
													14,973				14,541
Nutpods
Green Grass Foods, Inc.	First Lien Secured Debt - Term Loan	SOFR+650, 1.00% Floor		12/26/29				3,233				3,173				3,200			(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+625, 1.00% Floor		12/26/29				499				489				494			(9)
	First Lien Secured Debt - Revolver	SOFR+650, 1.00% Floor		12/26/29				—				(23)				(12)			(8)(9)(21)(23)
Nutpods Holdings, Inc.	Common Equity - Common Stock	N/A		N/A			125 Shares				125				141			(9)(13)(24)
													3,764				3,823
Orgain, Inc.
Butterfly Fighter Co-Invest, L.P.	Common Equity - Membership Interests	N/A		N/A			490,000 Shares				90				1,671			(13)
Patriot Pickle
Patriot Foods Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor		12/24/29				249				244				246			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+600, 1.00% Floor		12/22/29				—				(4)				(5)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+600, 1.00% Floor		12/22/29				30				25				28			(9)(21)(23)(31)
													265				269

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Rise Baking
Ultimate Baked Goods Midco LLC	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor		08/13/27				26,088				25,708				26,088			(9)(30)
	First Lien Secured Debt - Term Loan	SOFR+560, 1.00% Floor		08/13/27				8,839				8,795				8,665			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+560, 1.00% Floor		08/13/27				5,633				5,572				5,523			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+635, 1.00% Floor		08/13/27				608				565				607			(9)(20)(21)(23)(30)
													40,640				40,883
Tasty Chick'n
Tasty Chick'n LLC	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor		05/16/29				11,827				11,653				11,649			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+600, 1.00% Floor		05/16/29				—				—				—			(9)(23)
	First Lien Secured Debt - Revolver	SOFR+600, 1.00% Floor		05/16/29				—				(30)				(31)			(8)(9)(23)
													11,623				11,618
Turkey Hill
IC Holdings LLC	Common Equity - Series A Units	N/A		N/A			169 Shares				169				—			(9)(13)
THLP CO. LLC	First Lien Secured Debt - Term Loan	SOFR+600 Cash plus 2.00% PIK, 1.00% Floor		05/31/25				26,157				26,051				26,157			(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+600 Cash plus 6.00% PIK, 1.00% Floor		05/31/25				1,418				1,414				1,425			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+600 Cash plus 2.00% PIK, 1.00% Floor		05/31/25				2,720				2,707				2,720			(9)(20)(21)(23)(31)
													30,341				30,302
			Total Beverage, Food & Tobacco		$		134,574		$		135,943
Business Services
Accelerate Learning
Eagle Purchaser, Inc.	First Lien Secured Debt - Term Loan	SOFR+675, 1.00% Floor		03/22/30		$		3,378		$		3,293		$		3,345			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+675, 1.00% Floor		03/22/30				471				456				462			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor		03/22/29				658				641				645			(9)(23)(31)(32)
													4,390				4,452
AlpineX
Alpinex Opco, LLC	First Lien Secured Debt - Term Loan	SOFR+626, 1.00% Floor		12/27/27				16,768				16,508				16,629			(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+752, 1.00% Floor		12/27/27				628				614				616			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+626, 1.00% Floor		12/27/27				4,397				4,338				4,375			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+626, 1.00% Floor		12/27/27				596				571				596			(9)(21)(23)(31)
													22,031				22,216
Ambrosia Buyer Corp.
Ambrosia Buyer Corp.	Unsecured Debt - Term Loan	11% PIK		12/15/31				343				2,672				325			(14)
	Common Equity - Common Stock	N/A		N/A			152,029 Shares				11,961				962			(13)(24)
	Warrants - Warrants	N/A		N/A			58,773 Shares				576				22
													15,209				1,309

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
AML Rightsource
Gabriel Partners, LLC	First Lien Secured Debt - Term Loan	SOFR+640, 1.00% Floor	09/21/26		29,293		29,034			28,853			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+640, 1.00% Floor	09/21/26		1,277		1,264			1,257			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+640, 1.00% Floor	09/21/26		488		481			478			(9)(21)(23)(31)
								30,779			30,588
Avenu
ACP Avenu Buyer, LLC	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor	10/02/29		1,244		1,213			1,225			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+525, 1.00% Floor	10/02/29		2,251		2,162			2,169			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+525, 1.00% Floor	10/02/29		92		74			81			(9)(21)(23)(31)
								3,449			3,475
Continuum
Continuum Global Solutions, LLC	Preferred Equity - Preferred Equity	N/A	N/A	775 Shares		78			78			(9)(13)
Core Roofing
CRS Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor	06/06/30		2,000		1,960			1,960			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+525, 1.00% Floor	06/06/30		—		(69)			(71)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+525, 1.00% Floor	06/06/30		113		95			94			(9)(21)(23)(31)
								1,986			1,983
Escalent
M&M OPCO, LLC	First Lien Secured Debt - Term Loan	SOFR+810, 1.00% Floor	04/07/29		9,405		9,167			9,334			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+810, 1.00% Floor	04/07/29		—		(11)			(4)			(8)(9)(21)(23)
								9,156			9,330
G&A
G&A Partners Holding Company II, LLC	First Lien Secured Debt - Term Loan	SOFR+550, 0.75% Floor	03/01/31		3,239		3,177			3,175			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 0.75% Floor	03/01/31		577		512			449			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+550, 0.75% Floor	03/01/30		—		(7)			(7)			(8)(9)(21)(23)
								3,682			3,617
Apiom, Inc.	First Lien Secured Debt - Term Loan	SOFR+745, 2.00% Floor	05/02/28		2,500		2,484			2,488			(9)(17)(30)
HMA
Health Management Associates Superholdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor	03/30/29		3,897		3,802			3,838			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+635, 1.00% Floor	03/30/29		350		333			339			(9)(21)(23)(30)(31)
	First Lien Secured Debt - Revolver	SOFR+635, 1.00% Floor	03/30/29		—		(7)			(4)			(8)(9)(20)(21)(23)
								4,128			4,173

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
IRP
Precision Refrigeration & Air Conditioning LLC	First Lien Secured Debt - Term Loan	SOFR+690, 1.00% Floor	03/08/28		11,002		10,830			10,728			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+690, 1.00% Floor	03/08/28		4,975		4,896			4,851			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+690, 1.00% Floor	03/08/28		1,023		1,000			980			(9)(21)(23)(31)
SMC IR Holdings, LLC	Common Equity - Common Stock	N/A	N/A	148 Shares		170			274			(9)
								16,896			16,833
Jacent
Jacent Strategic Merchandising	First Lien Secured Debt - Term Loan	SOFR+585 Cash plus 0.75% PIK, 1.00% Floor	10/23/25		22,231		22,185			21,864			(9)(23)(30)
	First Lien Secured Debt - Revolver	SOFR+660, 1.00% Floor	10/23/25		1,564		1,556			1,508			(9)(23)(30)
	Common Equity - Common Stock	N/A	N/A	5,000 Shares		500			32			(9)(13)
JSM Equity Investors, L.P.	Preferred Equity - Class P Partnership Units	N/A	N/A	11 Shares		11			1			(9)(13)
								24,252			23,405
Jones & Frank
JF Acquisition, LLC	First Lien Secured Debt - Term Loan	SOFR+560, 1.00% Floor	07/31/26		7,751		7,737			7,681			(9)(23)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+560, 1.00% Floor	07/31/26		5,127		5,103			5,081			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+560, 1.00% Floor	07/31/26		879		870			865			(9)(21)(23)(31)
								13,710			13,627
Naviga
Colonnade Parent Inc (fka Naviga Inc.)	First Lien Secured Debt - Term Loan	7.10%	04/27/24		11,200		11,178			8,735			(9)(14)(18)
	First Lien Secured Debt - Delayed Draw	7.10%	04/27/24		1,926		1,908			1,503			(9)(14)(18)
	First Lien Secured Debt - Delayed Draw	SOFR+510, 1.00% Floor	07/31/24		486		476			486			(9)(23)(30)
	First Lien Secured Debt - Revolver	7.10%	04/27/24		500		499			390			(9)(14)(18)(23)
								14,061			11,114
PSE
Graffiti Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+560, 1.00% Floor	08/10/27		10,914		10,765			10,805			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+560, 1.00% Floor	08/10/27		2,587		2,536			2,513			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+560, 1.00% Floor	08/10/27		—		(14)			(13)			(8)(9)(21)(23)
Graffiti Parent, LP	Common Equity - Common Stock	N/A	N/A	2,439 Shares		244			398			(9)(13)
								13,531			13,703
PSI Services, LLC
Lifelong Learner Holdings, LLC	First Lien Secured Debt - Term Loan	SOFR+590, 1.00% Floor	10/20/25		4,376		4,318			4,376			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+590, 1.00% Floor	10/20/25		932		915			931			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+590, 1.00% Floor	10/20/25		448		445			448			(9)(21)(23)(31)
								5,678			5,755

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
SafetyCo
HEF Safety Ultimate Holdings, LLC	First Lien Secured Debt - Term Loan	SOFR+575, 1.00% Floor		11/19/29			7,463			7,289			7,317			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+575, 1.00% Floor		11/19/29			—			(60)			(117)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+575, 1.00% Floor		11/17/29			400			366			370			(9)(21)(23)(31)
											7,595			7,570
SEER
GS SEER Group Borrower LLC	First Lien Secured Debt - Term Loan	SOFR+675, 1.00% Floor		04/29/30			3,224			3,139			3,176			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+675, 1.00% Floor		04/29/30			597			562			577			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor		04/30/29			—			(9)			(6)			(8)(9)(21)(23)
GS SEER Group Holdings, LLC	Common Equity - Common Stock	N/A		N/A		42 Shares			42			42			(9)(13)
											3,734			3,789
Smith System
Smith Topco, Inc.	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor		11/06/29			8,828			8,647			8,828			(9)(32)
	First Lien Secured Debt - Revolver	SOFR+600, 1.00% Floor		11/06/29			—			(23)			—			(9)(21)(23)
											8,624			8,828
Soliant
Soliant Health, Inc.	Common Equity - Membership Interests	N/A		N/A		300 Shares			300			1,680			(9)
Trench Plate
Trench Plate Rental Co.	First Lien Secured Debt - Term Loan	SOFR+560, 1.00% Floor		12/03/26			17,818			17,637			17,506			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+560, 1.00% Floor		12/03/26			1,318			1,302			1,286			(9)(20)(21)(23)(31)
Trench Safety Solutions Holdings, LLC	Common Equity - Common Stock	N/A		N/A		331 Shares			50			34			(9)(13)
											18,989			18,826
US Legal Support
US Legal Support Investment Holdings, LLC	Common Equity - Series A-1 Units	N/A		N/A		631,972 Shares			632			948			(9)(13)
USLS Acquisition, Inc.	First Lien Secured Debt - Term Loan	SOFR+590, 1.00% Floor		12/02/24			18,994			18,909			18,899			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+590, 1.00% Floor		12/02/24			4,451			4,429			4,429			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+490, 1.00% Floor		12/02/24			1,286			1,277			1,278			(9)(20)(21)(23)(31)
											25,247			25,554
Wilson Language Training
Owl Acquisition, LLC	First Lien Secured Debt - Term Loan	SOFR+535, 1.00% Floor		02/04/28			9,635			9,500			9,538			(9)(30)
Owl Parent Holdings, LLC	Common Equity - Common Stock	N/A		N/A		100 Shares			100			150			(9)(13)
											9,600			9,688
			Total Business Services		$	259,589		$	244,081

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Chemicals, Plastics & Rubber
Carbonfree Chemicals SPE I LLC (f/k/a Maxus Capital Carbon SPE I
Carbonfree Chemicals Holdings LLC (4)	Common Equity - Common Equity / Interest	N/A		N/A			1,246 Shares		$		56,505			$		19,022			(13)(16)(24)
FC2 LLC (4)	Common Equity - Common Stock	N/A		N/A			5 Shares				—					—			(13)(24)
	Secured Debt - Promissory Note	6.50%		10/14/27		$		12,500				12,500					12,451
			Total Chemicals, Plastics & Rubber		$		69,005		$		31,473
Construction & Building
Allstar Holdings
Athlete Buyer, LLC	First Lien Secured Debt - Term Loan	SOFR+660, 1.00% Floor		04/26/29		$		1,937		$		1,896			$		1,908			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+660, 1.00% Floor		04/26/29				23,640				23,090					23,279			(9)(21)(23)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+650, 1.00% Floor		04/26/29				—				(2)					(2)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+610, 1.00% Floor		04/26/29				413				400					403			(9)(21)(23)(31)
													25,384					25,588
Englert
Gutter Holdings, LP	Common Equity - Common Stock	N/A		N/A			500 Shares				451					10			(9)(13)
Pave America
Pave America Interco, LLC (f/k/a Pavement Partners Interco, LLC)	First Lien Secured Debt - Term Loan	SOFR+690, 1.00% Floor		02/07/28				14,382				14,021					13,951			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+690, 1.00% Floor		02/07/28				1,430				1,398					1,387			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+690, 1.00% Floor		02/07/28				1,247				1,189					1,187			(9)(21)(23)(31)
													16,608					16,525
RF Fager
R.F. Fager Company, LLC	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor		03/04/30				935				915					914			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+525, 1.00% Floor		03/04/30				—				(18)					(41)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+525, 1.00% Floor		03/04/30				47				42					41			(9)(21)(23)(31)
													939					914
			Total Construction & Building		$		43,382		$		43,037
Consumer Goods - Durable
Club Champion
Club Champion LLC	First Lien Secured Debt - Term Loan	SOFR+500, 0.75% Floor		06/14/29		$		8,193		$		8,071			$		8,070			(9)(32)
	First Lien Secured Debt - Revolver	SOFR+500, 0.75% Floor		06/14/29				—				(27)					(27)			(8)(9)(21)(23)
													8,044					8,043
Elida Beauty
PHOENIX YW BUYER, INC.	First Lien Secured Debt - Term Loan	SOFR+625, 1.00% Floor		05/31/30				8,864				8,666					8,664			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+500, 1.00% Floor		05/31/30				—				(25)					(26)			(8)(9)(21)(23)
													8,641					8,638

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
KLO Holdings, LLC
1244311 B.C. Ltd. (4)	First Lien Secured Debt - Term Loan	SOFR+500, 1.00% Floor		09/30/25				2,585				2,585				2,541			(17)(30)
	First Lien Secured Debt - Term Loan	SOFR+500 PIK, 1.00% Floor		09/30/25				1,315				1,315				1,291			(17)(30)
	Common Equity - Common Stock	N/A		N/A			1,000,032 Shares				1,000				1,506			(13)(17)(24)(26)
													4,900				5,338
NSi Industries
Wildcat BuyerCo, Inc.	First Lien Secured Debt - Term Loan	SOFR+575, 1.00% Floor		02/26/27				17,212				16,986				17,021			(31)
	First Lien Secured Debt - Delayed Draw	SOFR+575, 1.00% Floor		02/26/27				7,593				7,345				7,486			(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+575, 1.00% Floor		02/26/27				—				(6)				(8)			(8)(20)(21)(23)
Wildcat Parent LP	Common Equity - Common Stock	N/A		N/A			1,070 Shares				107				284
													24,432				24,783
Sorenson Holdings, LLC
Sorenson Holdings, LLC	First Lien Secured Debt - Term Loan	8% PIK		04/01/30				247				197				197
	First Lien Secured Debt - Term Loan	10% PIK		04/01/30				60				54				54
	Common Equity - Membership Interests	N/A		N/A			279 Shares				108				107			(13)(24)
													359				358
			Total Consumer Goods – Durable		$		46,376		$		47,160
Consumer Goods - Non-durable
3D Protein
Protein For Pets Opco, LLC	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor		09/20/30		$		6,792		$		6,659		$		6,691			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+525, 1.00% Floor		09/20/30				—				(14)				(11)			(8)(9)(21)(23)
													6,645				6,680
Dan Dee
Project Comfort Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+715, 1.00% Floor		02/01/25				18,613				18,532				18,401			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+710, 1.00% Floor		02/01/26				231				222				212			(9)(21)(23)(30)
	Preferred Equity - Preferred Equity	N/A		N/A			491,405 Shares				492				207			(9)(13)
													19,246				18,820
LashCo
Lash OpCo, LLC	First Lien Secured Debt - Term Loan	SOFR+275 Cash plus 5.10% PIK, 1.00% Floor		03/18/26				41,571				41,197				40,948			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+275 Cash plus 5.10% PIK, 1.00% Floor		03/18/26				2,243				2,231				2,210			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+275 Cash plus 5.10% PIK, 1.00% Floor		09/18/25				1,630				1,614				1,612			(9)(23)(31)
													45,042				44,770

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Paladone
Paladone Group Bidco Limited	First Lien Secured Debt - Term Loan	SOFR+560, 1.00% Floor		11/12/27				5,967				5,886				5,910			(9)(17)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+560, 1.00% Floor		11/12/27				934				928				925			(9)(17)(31)
	First Lien Secured Debt - Revolver	SON+585, 1.00% Floor		11/12/27		£		—				(6)				(4)			(8)(9)(17)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+585, 1.00% Floor		11/12/27				—				(16)				(14)			(8)(9)(17)(21)(23)
Paladone Group Holdings Limited	Common Equity - Common Stock	N/A		N/A			94,151 Shares				94				105			(9)(13)(17)
													6,886				6,922
RoC Skincare
RoC Holdco LLC	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor		02/21/31				12,773				12,530				12,517			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+600, 1.00% Floor		02/21/30				—				(41)				(44)			(8)(9)(21)(23)
													12,489				12,473
Sequential Brands Group, Inc.
Gainline Galaxy Holdings LLC	Common Equity - Common Stock	N/A		N/A			10,854 Shares				2,041				133			(13)(16)(17)
Galaxy Universal LLC	First Lien Secured Debt - Term Loan	SOFR+575, 1.00% Floor		11/12/26				1,241				1,227				1,236			(17)(31)
Swisstech IP CO, LLC	First Lien Secured Debt - Term Loan	6.00% PIK		11/29/24				195				113				194			(17)
													3,381				1,563
Suave
Silk Holdings I Corp.	Common Equity - Common Stock	N/A		N/A			100 Shares				100				227			(9)(13)
Silk Holdings III Corp.	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor		05/01/29				29,801				29,141				29,354			(9)(31)
													29,241				29,581
Village Pet Care
Village Pet Care, LLC	First Lien Secured Debt - Term Loan	SOFR+650, 1.00% Floor		09/22/29				1,500				1,473				1,478			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+650, 1.00% Floor		09/22/29				750				705				675			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	P+550		09/22/29				540				523				525			(9)(21)(23)(28)
													2,701				2,678
			Total Consumer Goods – Non-durable		$		125,631		$		123,487
Consumer Services
Activ
Activ Software Holdings, LLC	First Lien Secured Debt - Term Loan	SOFR+625, 1.00% Floor		05/04/27		$		31,856		$		31,400		$		31,624			(9)(32)(33)
	First Lien Secured Debt - Delayed Draw	SOFR+625, 1.00% Floor		05/04/27				99				98				98			(9)(33)
	First Lien Secured Debt - Revolver	SOFR+650, 1.00% Floor		05/04/27				—				(23)				(18)			(8)(9)(21)(23)
													31,475				31,704

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Atlas Technical Consultants
GI Apple Midco LLC	First Lien Secured Debt - Term Loan	SOFR+675, 1.00% Floor	04/19/30		7,594		7,497			7,594			(9)(30)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+675, 1.00% Floor	04/19/30		87		66			87			(9)(21)(23)(30)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor	04/19/29		119		105			119			(9)(20)(21)(23)(30)
								7,668			7,800
Bird
Bird Scooter Acquisition Corp. (4)	Common Equity - Common Stock	N/A	N/A	4,656,670 Shares		366			373			(9)(13)(24)
Blue Jay Transit Inc. (4)	First Lien Secured Debt - Term Loan	SOFR+300, 1.00% Floor	03/22/28		22,440		22,111			22,440			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+300, 1.00% Floor	03/22/28		—		—			—			(9)(23)
								22,477			22,813
Clarus Commerce
Marlin DTC-LS Midco 2, LLC	First Lien Secured Debt - Term Loan	SOFR+660, 1.00% Floor	07/01/25		21,300		21,179			21,299			(31)
	First Lien Secured Debt - Revolver	SOFR+660, 1.00% Floor	07/01/25		—		—			—			(21)(23)
								21,179			21,299
Excelligence
Excelligence Learning Corporation	First Lien Secured Debt - Term Loan	SOFR+575, 1.00% Floor	01/18/30		8,609		8,436			8,436			(9)(16)(31)
	First Lien Secured Debt - Revolver	SOFR+575, 1.00% Floor	01/18/30		169		141			141			(9)(16)(20)(21)(23)(31)
								8,577			8,577
Go Car Wash
Go Car Wash Management Corp.	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor	12/31/26		1,608		1,597			1,582			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+635, 1.00% Floor	12/31/26		9,366		9,274			9,211			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+635, 1.00% Floor	12/31/26		—		(1)			(7)			(8)(9)(21)(23)
								10,870			10,786
Lending Point
LendingPoint 2018-1 Funding Trust	First Lien Secured Debt - Term Loan	SOFR+575, 1.00% Floor	12/30/26		34,507		34,220			34,507			(9)(30)
LendingPoint LLC	First Lien Secured Debt - Term Loan	SOFR+500, 1.00% Floor	12/30/26		1,130		1,130			1,130			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+100 Cash plus 5.00% PIK, 1.00% Floor	12/30/26		—		—			—			(9)(23)
	First Lien Secured Debt - Delayed Draw	SOFR+590, 1.00% Floor	12/30/26		—		—			—			(9)(23)
	First Lien Secured Debt - Revolver	SOFR+590, 1.00% Floor	12/30/26		9,416		9,349			9,416			(9)(21)(23)(31)
								44,699			45,053
Regis
Regis Corporation	First Lien Secured Debt - Term Loan	SOFR+526, 2.50% Floor	06/24/29		5,833		5,717			5,717			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+526, 2.50% Floor	06/24/29		1,706		1,623			1,623			(9)(21)(23)(31)
								7,340			7,340

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Renovo
HomeRenew Buyer, Inc.	First Lien Secured Debt - Term Loan	6.65%		11/23/27				8,146				8,047				6,517			(9)(14)
	First Lien Secured Debt - Delayed Draw	6.65%		11/23/27				7,138				7,056				5,710			(9)(14)
	First Lien Secured Debt - Revolver	6.65%		11/23/27				1,958				1,932				1,566			(9)(14)(23)
													17,035				13,793
SEV
SEV Intermediate Holdco, LLC	First Lien Secured Debt - Term Loan	SOFR+525, 0.75% Floor		06/21/30				8,333				8,188				8,188			(9)(16)(32)
	First Lien Secured Debt - Revolver	SOFR+525, 0.75% Floor		06/21/30				—				(29)				(29)			(8)(9)(16)(21)(23)
													8,159				8,159
The Club Company
Eldrickco Limited	First Lien Secured Debt - Term Loan	SON+578, 0.50% Floor		11/26/25		£		9,113				11,739				11,285			(9)(17)(29)
	First Lien Secured Debt - Delayed Draw	SON+578, 0.50% Floor		11/26/25		£		5,747				7,112				7,115			(9)(17)(29)
	First Lien Secured Debt - Revolver	SON+578, 0.50% Floor		11/26/25		£		356				416				440			(9)(17)(23)(29)
	First Lien Secured Debt - Revolver	SON+603, 0.50% Floor		05/26/25		£		—				—				(9)			(8)(9)(17)(21)(23)
													19,267				18,831
The Weather Company
Zephyr Buyer, L.P.	First Lien Secured Debt - Term Loan	SOFR+675, 1.00% Floor		01/31/30				30,971				30,244				30,196			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor		01/31/30				—				(92)				(99)			(8)(9)(21)(23)
													30,152				30,097
US Auto
Auto Pool 2023 Trust (Del. Stat. Trust) (4)	Structured Products and Other - Membership Interests	N/A		02/28/29			N/A				27,921				24,007			(9)(25)
			Total Consumer Services		$		256,819		$		250,259
Diversified Investment Vehicles, Banking, Finance, Real Estate
Celink
Compu-Link Corporation (dba Celink)	First Lien Secured Debt - Term Loan	SOFR+610, 1.00% Floor		11/30/28		$		8,076		$		7,930		$		8,007			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+610, 1.00% Floor		11/30/28				—				(10)				(25)			(8)(9)(21)(23)
Peer Advisors, LLC	First Lien Secured Debt - Term Loan	SOFR+610, 1.00% Floor		11/30/28				4,347				4,340				4,310			(9)(30)
													12,260				12,292
Definiti LLC
Greylock Holdings LLC	Common Equity - Common Stock	N/A		N/A			100,000 Shares				100				72			(9)(13)
RHI Acquisition LLC	First Lien Secured Debt - Term Loan	SOFR+685, 1.00% Floor		03/16/29				6,016				5,860				5,895			(9)(32)
	First Lien Secured Debt - Delayed Draw	SOFR+685, 1.00% Floor		03/16/29				1,044				1,000				981			(9)(21)(23)(32)
	First Lien Secured Debt - Revolver	SOFR+660, 1.00% Floor		03/16/29				—				(16)				(13)			(8)(9)(21)(23)
													6,944				6,935

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Golden Bear
Golden Bear 2016-R, LLC (4)	Structured Products and Other - Membership Interests		N/A		09/20/42			N/A			16,517				10,698			(3)(17)
Purchasing Power, LLC
Purchasing Power Funding I, LLC	First Lien Secured Debt - Revolver		SOFR+710, 0.00% Floor		02/24/25				3,159			3,159				3,159			(9)(21)(23)(30)
Spectrum Automotive
Shelby 2021 Holdings Corp.	First Lien Secured Debt - Term Loan		SOFR+525, 0.75% Floor		06/29/28				13,792			13,653				13,654			(9)(30)
	First Lien Secured Debt - Delayed Draw		SOFR+575, 0.75% Floor		06/29/28				—			(5)				(4)			(8)(9)(21)(23)
	First Lien Secured Debt - Delayed Draw		SOFR+525, 0.75% Floor		06/29/28				—			—				(39)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver		SOFR+575, 0.75% Floor		06/29/27				—			(3)				(4)			(8)(9)(21)(23)
													13,645				13,607
Total Diversified Investment Vehicles, Banking, Finance, Real Estate		$	52,525		$		46,691
Energy - Electricity
Renew Financial LLC (f/k/a Renewable Funding, LLC)
AIC SPV Holdings II, LLC	Preferred Equity - Preferred Stock		N/A		N/A			142 Shares		$	534			$	241			(13)(15)(17)
Renew Financial LLC (f/k/a Renewable Funding, LLC)	Common Equity - Common Stock		N/A		N/A			1,368,286 Shares			16,813				96			(13)(17)(24)
Renew JV LLC	Common Equity - Membership Interests		N/A		N/A			277,252 Shares			277				408			(13)(17)
													17,624				745
Solarplicity Group Limited (f/k/a AMP Solar UK)
Solarplicity UK Holdings Limited	First Lien Secured Debt - Term Loan		4.00%		03/08/23		£		5,562			7,231				2,069			(11)(14)(17)
	Preferred Equity - Preferred Stock		N/A		N/A			4,286 Shares			5,623				—			(2)(13)(17)
	Common Equity - Ordinary Shares		N/A		N/A			2,825 Shares			4				—			(2)(13)(17)
													12,858				2,069
				Total Energy – Electricity		$		30,482		$	2,814
Energy - Oil & Gas
Pelican
Pelican Energy, LLC (4)	Common Equity - Membership Interests		N/A		N/A			1,444 Shares		$	11,802			$	140			(13)(16)(17)(24)
Spotted Hawk
SHD Oil & Gas, LLC (5)	Common Equity - Series C Units		N/A		N/A			50,952,525 Shares			43,454				346			(13)(16)(24)
	Common Equity - Series A Units		N/A		N/A			7,600,000 Shares			1,412				—			(13)(16)(24)
													44,866				346
				Total Energy – Oil & Gas		$		56,668		$	486

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Healthcare & Pharmaceuticals
Akoya
Akoya Biosciences, Inc.	First Lien Secured Debt - Term Loan	SOFR+691, 2.50% Floor	11/01/27	$		13,125	$		13,143		$		13,125			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+691, 2.50% Floor	11/01/27			9,375			9,357				9,375			(9)(30)
										22,500				22,500
Alcami
Alcami Corporation	First Lien Secured Debt - Term Loan	SOFR+710, 1.00% Floor	12/21/28			8,116			7,894				7,954			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+710, 1.00% Floor	12/21/28			597			581				585			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+710, 1.00% Floor	12/21/28			—			(29)				(22)			(8)(9)(21)(23)
										8,446				8,517
Alcresta Therapeutics Inc.
Alcresta Holdings, LP	Preferred Equity - Preferred Equity	N/A	N/A		116 Shares			116				119			(9)(13)(24)
	Common Equity - Common Stock	N/A	N/A		1,176 Shares			1				1			(9)(13)(24)
Alcresta Therapeutics Inc.	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor	03/12/30			2,347			2,302				2,300			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+575, 1.00% Floor	03/31/30			—			(135)				(142)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+575, 1.00% Floor	03/31/29			—			(8)				(9)			(8)(9)(21)(23)
										2,276				2,269
All Star
All Star Recruiting Locums, LLC	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor	05/01/30			6,957			6,819				6,817			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 1.00% Floor	05/01/30			—			(17)				(17)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+550, 1.00% Floor	05/01/30			—			(25)				(26)			(8)(9)(21)(23)
										6,777				6,774
August Bio
August Bioservices, LLC	First Lien Secured Debt - Term Loan	SOFR+595, 2.00% Floor	06/01/29			12,000			11,940				11,942			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+595, 2.00% Floor	06/01/29			—			(15)				(15)			(8)(9)(23)
	First Lien Secured Debt - Revolver	SOFR+400, 2.00% Floor	06/01/29			—			(2)				(2)			(8)(9)(21)(23)
										11,923				11,925
Carbon6 Technologies, Inc.	Preferred Equity - Preferred Equity	N/A	N/A		280,899 Shares			250				250			(9)(13)
Cato Research
LS Clinical Services Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+751, 1.00% Floor	12/16/27			14,099			13,905				13,512			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+751, 1.00% Floor	06/16/27			1,699			1,672				1,626			(9)(21)(23)(31)
										15,577				15,138

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Celerion
Celerion Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+550, 0.75% Floor	11/05/29	7,961	7,769		7,881		(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 0.75% Floor	11/05/29	—	(30)		(13)		(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+550, 0.75% Floor	11/03/28	—	(14)		(6)		(8)(9)(21)(23)
						7,725		7,862
Cerus
Cerus Corporation	First Lien Secured Debt - Term Loan	SOFR+660, 1.80% Floor	03/01/28	12,000	11,977		12,000		(9)(17)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+660, 1.80% Floor	03/01/28	4,500	4,492		4,500		(9)(17)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+660, 1.00% Floor	03/01/28	3,000	2,978		3,000		(9)(17)(23)(30)
	First Lien Secured Debt - Revolver	SOFR+385, 1.00% Floor	03/01/28	1,884	1,883		1,884		(9)(17)(21)(23)(30)
						21,330		21,384
CNSI
Acentra Holdings, LLC (fka CNSI Holdings, LLC)	First Lien Secured Debt - Term Loan	SOFR+550, 0.50% Floor	12/17/29	17,730	17,220		17,508		(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+575, 0.50% Floor	12/17/28	3,980	3,928		3,950		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+550, 0.50% Floor	12/17/29	493	438		468		(9)(21)(23)(31)
						21,586		21,926
Compass Health
Roscoe Medical, Inc	First Lien Secured Debt - Term Loan	SOFR+636, 1.00% Floor	09/30/24	7,430	7,163		7,299		(9)(30)
	First Lien Secured Debt - Revolver	SOFR+636, 1.00% Floor	09/30/24	—	(52)		(24)		(8)(9)(21)(23)
						7,111		7,275
EmpiRx
EmpiRx Health LLC	First Lien Secured Debt - Term Loan	SOFR+510, 1.00% Floor	08/05/27	8,864	8,748		8,864		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+510, 1.00% Floor	08/05/27	—	(9)		—		(9)(21)(23)
						8,739		8,864
ExactCare
ExactCare Parent, Inc.	First Lien Secured Debt - Term Loan	SOFR+650, 1.00% Floor	11/05/29	17,988	17,525		17,898		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+650, 1.00% Floor	11/03/29	—	(48)		(10)		(8)(9)(21)(23)
						17,477		17,888
Gateway Services
Gateway US Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+565, 0.75% Floor	09/22/26	9,194	9,140		9,194		(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+565, 0.75% Floor	09/22/26	390	388		390		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+665, 0.75% Floor	09/22/26	—	(2)		—		(9)(21)(23)
						9,526		9,584

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Health & Safety Institute
HSI Halo Holdings, LLC	Common Equity - Common Stock	N/A	N/A	104 Shares		16			21			(9)(13)
HSI HALO Acquisition, Inc.	Common Equity - Common Stock	N/A	N/A	500 Shares		31			2,026			(9)(13)
								47			2,047
KureSmart
Clearway Corporation (f/k/a NP/Clearway Holdings, Inc.)	Common Equity - Common Stock	N/A	N/A	133 Shares		133			272			(9)(13)
Kure Pain Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+610, 1.00% Floor	08/27/25		21,158		21,090			21,158			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+610, 1.00% Floor	08/27/24		—		(6)			—			(9)(21)(23)
								21,217			21,430
Legacy.com
Lotus Topco Inc.	First Lien Secured Debt - Term Loan	SOFR+475, 1.00% Floor	06/07/30		2,941		2,897			2,897			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+475, 1.00% Floor	06/07/30		—		(11)			(11)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+475, 1.00% Floor	06/07/30		—		(9)			(9)			(8)(9)(21)(23)
								2,877			2,877
LucidHealth
Premier Imaging, LLC	First Lien Secured Debt - Term Loan	SOFR+626 Cash plus 2.00% PIK, 1.00% Floor	01/02/25		6,504		6,459			5,967			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+626 Cash plus 2.00% PIK, 1.00% Floor	01/02/25		1,763		1,751			1,618			(9)(31)
								8,210			7,585
Mannkind Corporation
Mannkind Corporation	Common Equity - Common Stock	N/A	N/A	334,226 Shares		76			1,745			(9)(10)(13)(17)
Maxor National Pharmacy Services, LLC
Maxor National Pharmacy Services, LLC	First Lien Secured Debt - Term Loan	SOFR+700, 1.00% Floor	03/01/29		13,252		12,916			13,053			(9)(32)
	First Lien Secured Debt - Revolver	SOFR+700, 1.00% Floor	03/01/29		—		(36)			(23)			(8)(9)(21)(23)
Maxor Topco, L.P.	Preferred Equity - Preferred Equity	N/A	N/A	50,000 Shares		50			71			(9)(13)
								12,930			13,101
Medical Guardian
Medical Guardian, LLC	First Lien Secured Debt - Term Loan	SOFR+585, 1.00% Floor	10/26/26		30,721		30,441			30,491			(9)(30)
	First Lien Secured Debt - Term Loan	SOFR+585, 1.00% Floor	04/26/28		500		493			496			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+585, 1.00% Floor	10/26/26		4,762		4,700			4,726			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+635, 1.00% Floor	10/26/26		—		(34)			(29)			(8)(9)(21)(23)
								35,600			35,684

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Midwest Vision
Midwest Vision Partners Management, LLC	First Lien Secured Debt - Term Loan	SOFR+665, 1.00% Floor	01/12/27		5,590		5,532			5,492			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+665, 1.00% Floor	01/12/27		16,034		15,856			15,753			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+665, 1.00% Floor	01/12/27		612		605			601			(9)(23)(31)
								21,993			21,846
Partner Therapeutics, Inc
Partner Therapeutics, Inc	Preferred Equity - Preferred Equity	N/A	N/A	55,556 Shares		333			344			(9)(13)
	Warrants - Warrants	N/A	N/A	73,333 Shares		389			148			(9)(13)
								722			492
PHS
PHS Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+610 Cash plus 1.50% PIK, 1.00% Floor	01/31/27		24,062		23,836			21,415			(9)(32)
	First Lien Secured Debt - Revolver	SOFR+610 Cash plus 1.50% PIK, 1.00% Floor	01/31/27		1,345		1,316			1,125			(9)(21)(23)(32)
								25,152			22,540
Rarebreed
Rarebreed Veterinary Partners, Inc.	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor	04/18/30		4,258		4,176			4,173			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+525, 1.00% Floor	04/18/30		4,861		4,680			4,538			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+525, 1.00% Floor	04/18/30		—		(19)			(19)			(8)(9)(21)(23)
								8,837			8,692
RHA Health Services
Pace Health Companies, LLC	First Lien Secured Debt - Term Loan	SOFR+665, 1.00% Floor	08/02/25		1,396		1,381			1,380			(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+640, 1.00% Floor	08/02/25		466		465			460			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+640, 1.00% Floor	08/02/25		3,247		3,226			3,200			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+665, 1.00% Floor	08/02/25		196		186			184			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+640, 1.00% Floor	08/02/25		—		-			(7)			(8)(9)(20)(21)(23)
								5,258			5,217
Rigel Pharmaceuticals
Rigel Pharmaceuticals, Inc.	First Lien Secured Debt - Term Loan	SOFR+661, 1.50% Floor	09/01/27		3,000		3,022			3,000			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+661, 1.50% Floor	09/01/27		15,000		14,978			15,000			(9)(30)
								18,000			18,000
Team Select
TS Investors, LLC	First Lien Secured Debt - Term Loan	SOFR+560, 1.00% Floor	05/04/29		9,574		9,405			9,430			(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+560, 1.00% Floor	05/04/29		110		104			105			(9)(21)(23)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 1.00% Floor	11/04/25		—		(18)			(35)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+560, 1.00% Floor	05/04/29		—		(5)			(3)			(8)(9)(21)(23)
								9,486			9,497

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
TELA Bio, Inc.
TELA Bio, Inc.	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor		05/01/27				13,333				13,291			13,333		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+635, 1.00% Floor		05/01/27				—				—			—		(9)(23)
													13,291			13,333
TersSera
TerSera Therapeutics LLC	First Lien Secured Debt - Term Loan	SOFR+575, 1.00% Floor		04/04/29				16,877				16,530			16,877		(9)(30)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor		04/04/29				—				(27)			—		(9)(21)(23)
													16,503			16,877
Treace
Treace Medical Concepts, Inc.	First Lien Secured Debt - Term Loan	SOFR+610, 1.00% Floor		04/01/27				14,583				14,537			14,255		(9)(17)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+610, 1.00% Floor		04/01/27				—				—			(459)		(8)(9)(17)(23)
	First Lien Secured Debt - Revolver	SOFR+410, 1.00% Floor		04/01/27				400				391			325		(9)(17)(21)(23)(27)(30)
													14,928			14,121
Unchained Labs
Unchained Labs, LLC	First Lien Secured Debt - Term Loan	SOFR+555, 1.00% Floor		08/09/27				1,877				1,856			1,859		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+555, 1.00% Floor		08/09/27				2,223				2,210			2,201		(9)(30)
	First Lien Secured Debt - Revolver	SOFR+555, 1.00% Floor		08/09/27				—				(8)			(7)		(8)(9)(21)(23)
													4,058			4,053
US Fertility
US Fertility Enterprises, LLC	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor		12/21/27				3,305				3,258			3,255		(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+670, 1.00% Floor		12/21/27				2,475				2,424			2,456		(9)(32)
	First Lien Secured Debt - Term Loan	SOFR+650, 1.00% Floor		12/21/27				468				463			464		(9)(32)
	First Lien Secured Debt - Revolver	SOFR+668, 1.00% Floor		12/21/27				15				15			15		(9)(21)(23)(31)
													6,160			6,190
WellDyneRx, LLC
WelldyneRX, LLC	First Lien Secured Debt - Term Loan	SOFR+685, 0.75% Floor		03/09/27				17,670				17,438			17,184		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+685, 0.75% Floor		03/09/26				513				496			470		(9)(21)(23)(30)
													17,934			17,654
			Total Healthcare & Pharmaceuticals		$		404,522		$		405,137
High Tech Industries
Acronis AG
ACRONIS AG	First Lien Secured Debt - Term Loan	SOFR+595 Cash plus 1.00% PIK, 1.00% Floor		04/01/27		$		27,075		$		26,940		$	27,075		(9)(17)(30)

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
American Megatrends
AMI US Holdings Inc.	First Lien Secured Debt - Term Loan	SOFR+535, 1.00% Floor	10/01/26		19,532		19,424			19,532			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+535, 0.00% Floor	10/01/26		—		(14)			-			(9)(21)(23)
								19,410			19,532
BarTender
Sigma Buyer LLC	First Lien Secured Debt - Term Loan	SOFR+575, 0.75% Floor	01/04/28		13,652		13,376			13,380			(9)(31)(32)
	First Lien Secured Debt - Delayed Draw	SOFR+575, 0.75% Floor	01/04/28		—		(79)			(145)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+575, 0.75% Floor	01/04/28		300		268			270			(9)(21)(23)(32)
								13,565			13,505
Biamp
Biamp	First Lien Secured Debt - Term Loan	SOFR+500, 1.00% Floor	04/30/30		878		861			860			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+500, 1.00% Floor	04/30/30		4		2			2			(9)(21)(23)(30)
								863			862
Calero Holdings, Inc.
Telesoft Holdings, LLC	First Lien Secured Debt - Term Loan	SOFR+585, 1.00% Floor	12/16/26		21,761		21,575			21,579			(30)
	First Lien Secured Debt - Revolver	SOFR+585, 1.00% Floor	12/16/26		417		398			398			(21)(23)(30)
								21,973			21,977
ChyronHego Corporation
ChyronHego Corporation (5)	Preferred Equity - Preferred Equity	N/A	N/A	7,800 Shares		6,000			19,579			(13)(24)
ChyronHego US Holding Corporation (5)	First Lien Secured Debt - Term Loan	SOFR+350, 1.75% Floor	06/30/26		106,406		106,196			106,408			(31)
	First Lien Secured Debt - Revolver	SOFR+600, 1.75% Floor	06/30/26		5,000		5,000			5,000			(23)(31)
								117,196			130,987
Dairy.com
Momentx Corporation	First Lien Secured Debt - Term Loan	SOFR+585, 1.00% Floor	06/24/27		14,969		14,808			14,831			(9)(31)
	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor	06/24/27		1,350		1,329			1,350			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+585, 1.00% Floor	06/24/27		1,257		1,243			1,245			(9)(23)(31)
								17,380			17,426
Digital.ai
Digital.ai Software Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor	08/10/28		23,050		22,666			22,819			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+675, 1.00% Floor	08/10/28		—		(41)			(24)			(8)(9)(21)(23)
								22,625			22,795
GoHealth
Norvax, LLC	First Lien Secured Debt - Revolver	SOFR+660, 1.00% Floor	06/30/25		304		208			304			(9)(21)(23)(30)

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
GrayMatter Systems
Genius Bidco LLC	First Lien Secured Debt - Term Loan	SOFR+525, 1.00% Floor	05/01/30		1,340		1,314			1,313			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+525, 1.00% Floor	05/01/30		—		(48)			(50)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+525, 1.00% Floor	05/01/30		—		(23)			(23)			(8)(9)(21)(23)
	Common Equity - Common Stock	N/A	N/A	773 Shares		77			77			(9)(13)(24)
								1,320			1,317
Gtreasury
G Treasury SS LLC	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor	06/29/29		250		246			246			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+600, 1.00% Floor	06/29/29		—		(34)			(30)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+600, 1.00% Floor	06/29/29		—		(4)			(4)			(8)(9)(21)(23)
								208			212
International Cruise & Excursion Gallery, Inc.
International Cruise & Excursion Gallery, Inc.	First Lien Secured Debt - Term Loan	5.35%	06/06/25		14,100		14,033			10,751			(14)
Litify
Litify Holdings Inc.	Common Equity - Common Stock	N/A	N/A	217,892 Shares		107			347			(9)(13)(24)
Litify LLC	First Lien Secured Debt - Term Loan	SOFR+710, 1.00% Floor	02/02/29		11,667		11,384			11,375			(9)(30)
	First Lien Secured Debt - Term Loan	SOFR+660, 1.00% Floor	02/02/29		10,000		9,751			9,750			(9)(30)
	First Lien Secured Debt - Term Loan	SOFR+760, 1.00% Floor	02/02/29		7,500		7,311			7,313			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+735, 1.00% Floor	02/02/29		—		(19)			(21)			(8)(9)(21)(23)
								28,534			28,764
Lookout
Lookout, Inc.	First Lien Secured Debt - Term Loan	SOFR+625, 3.00% Floor	06/01/29		5,000		4,976			4,975			(9)(16)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+625, 3.00% Floor	06/01/29		—		(25)			(25)			(8)(9)(16)(23)
								4,951			4,950
Modern Campus
Destiny Solutions U.S., Inc.	First Lien Secured Debt - Term Loan	SOFR+585, 1.00% Floor	06/08/26		13,167		13,032			13,002			(19)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+585, 1.00% Floor	06/08/26		12,087		11,941			11,936			(19)(30)
RMCF IV CIV XXXV, L.P.	Common Equity - Common Stock	N/A	N/A	482 Shares		1,000			1,859			(13)
								25,973			26,797
MYCOM
Magnate Holding Corp.	First Lien Secured Debt - Term Loan	SOFR+615, 0.50% Floor	12/16/24		18,789		18,793			18,678			(9)(17)(31)

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
New Era Technology, Inc.
New Era Technology, Inc.	First Lien Secured Debt - Term Loan	SOFR+640, 1.00% Floor	10/31/26	13,845	13,740		13,568		(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+640, 1.00% Floor	10/31/26	17,903	17,722		17,545		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+640, 1.00% Floor	10/30/26	1,385	1,370		1,351		(9)(21)(23)(31)
						32,832		32,464
Omada
Omada Health, Inc.	First Lien Secured Debt - Term Loan	SOFR+710, 2.50% Floor	06/01/28	1,450	1,438		1,443		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+710, 2.50% Floor	06/01/28	—	(12)		(7)		(8)(9)(23)
	First Lien Secured Debt - Revolver	SOFR+410, 2.50% Floor	06/01/28	5	4		5		(9)(21)(23)(30)
						1,430		1,441
Pro Vigil
Pro-Vigil Holding Company, LLC	First Lien Secured Debt - Term Loan	SOFR+860, 1.00% Floor	01/11/26	7,740	7,655		7,605		(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+860, 1.00% Floor	01/11/26	17,475	17,193		17,090		(9)(21)(23)(31)
						24,848		24,695
Schlesinger Group
Schlesinger Global, LLC	First Lien Secured Debt - Term Loan	SOFR+275 Cash plus 5.60% PIK, 1.00% Floor	07/12/25	11,628	11,566		11,570		(9)(30)
Simeio
Simeio Group Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+310 Cash plus 4.00% PIK, 1.00% Floor	02/02/26	8,043	8,008		7,923		(9)(30)
	First Lien Secured Debt - Revolver	SOFR+310 Cash plus 4.00% PIK, 1.00% Floor	02/02/26	873	869		857		(9)(23)(30)
						8,877		8,780
Sirsi Corporation
Sirsi Corporation	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor	03/15/25	4,658	4,660		4,658		(9)(30)
	First Lien Secured Debt - Revolver	SOFR+635, 1.00% Floor	03/15/25	—	(1)		—		(9)(21)(23)
						4,659		4,658
Texada
Texada Software LLC	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor	04/30/30	6,923	6,787		6,785		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 1.00% Floor	04/30/30	—	(19)		(21)		(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+550, 1.00% Floor	04/30/30	—	(20)		(21)		(8)(9)(21)(23)
						6,748		6,743
Uplight
Uplight, Inc.	First Lien Secured Debt - Term Loan	SOFR+610, 4.00% Floor	06/01/29	10,000	9,900		9,900		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+600, 4.00% Floor	06/01/29	—	—		—		(9)(23)
	First Lien Secured Debt - Revolver	SOFR+360, 4.00% Floor	06/01/29	—	—		—		(9)(21)(23)
						9,900		9,900

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
UpStack
Upstack Holdco Inc.	First Lien Secured Debt - Term Loan	P+500		08/20/27				16,560				16,296			16,436		(9)(28)
	First Lien Secured Debt - Delayed Draw	P+500		08/20/27				14,670				14,426			14,560		(9)(28)
	First Lien Secured Debt - Revolver	SOFR+610, 1.00% Floor		08/20/27				1,950				1,905			1,928		(9)(20)(21)(23)(32)
													32,627			32,924
			Total High Tech Industries		$		467,459		$		479,107
Hotel, Gaming, Leisure, Restaurants
Cave
Cave Enterprises Operations, LLC	First Lien Secured Debt - Term Loan	SOFR+660, 1.50% Floor		08/09/28		$		8,594		$		8,456		$	8,594		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+660, 1.50% Floor		08/09/28				—				—			—		(9)(23)
													8,456			8,594
CircusTrix
CircusTrix Holdings LLC	First Lien Secured Debt - Term Loan	SOFR+650, 1.00% Floor		07/18/28				992				971			992		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+650, 1.00% Floor		07/18/28				2,400				2,346			2,400		(9)(21)(23)(30)
	First Lien Secured Debt - Revolver	SOFR+650, 1.00% Floor		07/18/28				—				(20)			—		(9)(21)(23)
													3,297			3,392
Guernsey
Guernsey Holdings SDI LA LLC	First Lien Secured Debt - Term Loan	6.95%		11/18/26				1,757				1,748			1,638		(9)
	First Lien Secured Debt - Delayed Draw	SOFR+595, 1.00% Floor		11/18/26				—				—			—		(9)(23)
													1,748			1,638
Munson
Munson Buffalo Restaurant Group LLC	First Lien Secured Debt - Term Loan	SOFR+625, 1.00% Floor		05/31/29				3,521				3,470			3,468		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+625, 1.00% Floor		05/31/29				96				29			(1)		(8)(9)(21)(23)(30)
													3,499			3,467
PARS Group LLC
PARS Group LLC	First Lien Secured Debt - Term Loan	SOFR+685, 1.50% Floor		04/03/28				8,935				8,836			8,823		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+685, 1.50% Floor		04/03/28				—				—			(12)		(8)(9)(23)
													8,836			8,811
Taco Cabana
YTC Enterprises, LLC	First Lien Secured Debt - Term Loan	SOFR+636, 1.00% Floor		08/16/26				9,233				9,177			9,141		(9)(30)
			Total Hotel, Gaming, Leisure, Restaurants		$		35,013		$		35,043

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
Insurance
High Street Insurance
High Street Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+540, 0.75% Floor		04/14/28		$		10,152		$		10,027		$		10,051			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+540, 0.75% Floor		04/14/28				19,279				19,060				19,086			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+590, 0.75% Floor		04/16/27				—				(21)				(22)			(8)(9)(21)(23)
													29,066				29,115
PGM Holdings Corporation
Turbo Buyer, Inc.	First Lien Secured Debt - Term Loan	SOFR+625, 1.00% Floor		12/02/25				16,769				16,625				16,391			(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+625, 1.00% Floor		12/02/25				2,020				2,000				1,975			(9)(31)
	First Lien Secured Debt - Revolver	SOFR+625, 1.00% Floor		12/02/25				462				456				441			(9)(21)(23)(31)
													19,081				18,807
			Total Insurance		$		48,147		$		47,922
Manufacturing, Capital Equipment
AVAD, LLC
Surf Opco, LLC	First Lien Secured Debt - Revolver	SOFR+411, 1.00% Floor		03/17/26		$		13,969		$		13,918		$		13,947			(9)(16)(20)(21)(23)(30)
	Preferred Equity - Class P-1 Preferred	N/A		N/A			33,333 Shares				3,333				6,667			(9)(13)(16)
	Preferred Equity - Class P-2 Preferred	N/A		N/A			85,164 Shares				8,517				4,787			(9)(13)(16)
	Common Equity - Class A-1 Common	N/A		N/A			3,333 Shares				-				115			(9)(13)(16)
													25,768				25,516
Carlisle Fluid Technologies
LSF12 Donnelly Bidco, LLC	First Lien Secured Debt - Term Loan	SOFR+650, 1.00% Floor		10/02/29				14,888				14,551				14,593			(9)(30)
International Wire Group
IW Buyer LLC	First Lien Secured Debt - Term Loan	SOFR+685, 1.00% Floor		06/28/29				1,894				1,846				1,885			(9)(30)
	First Lien Secured Debt - Revolver	SOFR+685, 1.00% Floor		06/28/29				—				(10)				(2)			(8)(9)(20)(21)(23)
													1,836				1,883
Kauffman
Kauffman Holdco, LLC	Common Equity - Common Stock	N/A		N/A			250,000 Shares				250				68			(9)(13)
Kauffman Intermediate, LLC	First Lien Secured Debt - Term Loan	SOFR+660, 1.00% Floor		05/08/25				15,888				15,836				15,623			(9)(32)
	First Lien Secured Debt - Revolver	SOFR+660, 1.00% Floor		05/08/25				1,049				1,059				1,028			(9)(20)(21)(23)(31)(32)
													17,145				16,719
MedPlast Holdings Inc.
Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.)	Second Lien Secured Debt - Term Loan	SOFR+786, 0.00% Floor		07/02/26				8,000				7,983				7,955			(10)(30)

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
US MetalCo Holdings
US MetalCo Holdings LLC	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor		10/31/29				13,680				13,406			13,406		(9)(16)(31)
	First Lien Secured Debt - Revolver	SOFR+550, 1.00% Floor		10/31/29				—				(26)			(26)		(8)(9)(16)(21)(23)
													13,380			13,380
			Total Manufacturing, Capital Equipment		$		80,663		$		80,046
Retail
IPS
SI Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+610, 1.00% Floor		12/31/27		$		30,629		$		30,532		$	30,338		(9)(31)
	First Lien Secured Debt - Revolver	P+500		12/31/27				427				427			388		(9)(21)(23)(28)
			Total Retail		$		30,959		$		30,726
Telecommunications
MCA
Mobile Communications America, Inc.	First Lien Secured Debt - Term Loan	SOFR+550, 1.00% Floor		10/16/29		$		2,488		$		2,430		$	2,481		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+550, 1.00% Floor		10/16/29				432				348			410		(9)(21)(23)(31)
	First Lien Secured Debt - Revolver	SOFR+550, 1.00% Floor		10/16/29				—				(30)			(3)		(8)(9)(21)(23)
													2,748			2,888
Securus Technologies Holdings, Inc.
Securus Technologies Holdings, Inc.	Second Lien Secured Debt - Term Loan	SOFR+126 Cash plus 8.05% PIK, 1.00% Floor		11/01/25				7,565				7,537			5,446		(31)
			Total Telecommunications		$		10,285		$		8,334
Transportation - Cargo, Distribution
Beacon Mobility
Beacon Mobility Corp.	First Lien Secured Debt - Term Loan	SOFR+635, 1.00% Floor		12/31/25		$		12,842		$		12,803		$	12,721		(9)(31)
	First Lien Secured Debt - Delayed Draw	SOFR+635, 1.00% Floor		12/31/25				23,983				23,945			23,757		(9)(30)(31)
	First Lien Secured Debt - Revolver	4.10%		05/22/25				—				—			—		(9)(22)(23)
	First Lien Secured Debt - Revolver	SOFR+635, 1.00% Floor		12/31/25				—				(30)			(46)		(8)(9)(20)(21)(23)
													36,718			36,432
Camin Cargo
Camin Cargo Control Holdings, Inc.	First Lien Secured Debt - Term Loan	SOFR+600, 1.00% Floor		12/07/29				995				974			975		(9)(30)
	First Lien Secured Debt - Delayed Draw	SOFR+600, 1.00% Floor		12/07/29				—				(28)			(61)		(8)(9)(21)(23)
	First Lien Secured Debt - Revolver	SOFR+600, 1.00% Floor		12/07/29				307				286			286		(9)(21)(23)(30)
													1,232			1,200
Heniff and Superior
Heniff Holdco, LLC	First Lien Secured Debt - Term Loan	SOFR+585, 1.00% Floor		12/03/26				29,288				29,050			29,215		(9)(31)
	First Lien Secured Debt - Revolver	SOFR+585, 1.00% Floor		12/03/24				2,780				2,771			2,780		(9)(20)(21)(23)(30)
													31,821			31,995

Industry/Company · Investment Type · Interest Rate · Maturity Date · Par/Shares (12) · Cost (35) · Fair Value (1)(36)
IronClad
Ironhorse Purchaser, LLC	First Lien Secured Debt - Term Loan		SOFR+525, 1.00% Floor		09/30/27				3,052					3,000				2,991			(9)(30)
	First Lien Secured Debt - Delayed Draw		SOFR+650, 1.00% Floor		09/30/27				—					(25)				(29)			(8)(9)(21)(23)
	First Lien Secured Debt - Revolver		SOFR+525, 1.00% Floor		09/30/27				169					161				159			(9)(21)(23)(30)
															3,136				3,121
Meritus Gas Partners
MGP Holdings III Corp.	First Lien Secured Debt - Term Loan		SOFR+525, 1.00% Floor		03/01/30				7,886					7,735				7,728			(9)(31)
	First Lien Secured Debt - Delayed Draw		SOFR+525, 1.00% Floor		03/01/30				261					247				235			(9)(21)(23)(31)
	First Lien Secured Debt - Revolver		SOFR+525, 1.00% Floor		03/01/30				—					(15)				(16)			(8)(9)(21)(23)
															7,967				7,947
				Total Transportation – Cargo, Distribution		$		80,874			$		80,695
Utilities - Electric
Congruex
Congruex Group LLC	First Lien Secured Debt - Term Loan		SOFR+590, 0.75% Floor		05/03/29		$		14,700			$		14,443		$		13,671			(9)(31)
				Total Utilities – Electric		$		14,443			$		13,671
Wholesale
Banner Solutions
Banner Buyer, LLC	First Lien Secured Debt - Term Loan		SOFR+590, 1.00% Floor		10/31/25		$		12,015			$		11,965		$		11,923			(9)(31)
	First Lien Secured Debt - Delayed Draw		SOFR+590, 1.00% Floor		10/31/25				2,933					2,916				2,910			(9)(31)
	First Lien Secured Debt - Revolver		SOFR+590, 0.00% Floor		10/31/25				387					377				372			(9)(21)(23)(31)
Banner Parent Holdings, Inc.	Common Equity - Common Stock		N/A		N/A			6,125 Shares					613				423			(9)(13)
															15,871				15,628
Thomas Scientific
BSP-TS, LP	Preferred Equity - Preferred Equity		N/A		N/A			17 Shares					17				19			(9)(13)(24)
	Common Equity - Common Stock		N/A		N/A			185 Shares					185				134			(9)(13)
Thomas Scientific, LLC	First Lien Secured Debt - Term Loan		SOFR+640, 1.00% Floor		12/14/27				26,000					25,656				25,589			(9)(31)
	First Lien Secured Debt - Delayed Draw		SOFR+640, 1.00% Floor		12/14/27				5,094					5,028				5,014			(9)(31)
	First Lien Secured Debt - Revolver		SOFR+635, 1.00% Floor		12/14/27				1,259					1,224				1,212			(9)(20)(21)(23)(30)
															32,110				31,968
				Total Wholesale		$		47,981			$		47,596
Total Investments before Cash Equivalents				$	2,635,330			$		2,444,352
J.P. Morgan U.S. Government Money Market Fund			N/A		N/A				144			$		144		$		144			(34)
Goldman Sachs Financial Square Government Fund			N/A		N/A				531			$		531		$		531			(34)
Total Investments after Cash Equivalents		$	2,636,005		$		2,445,027			(6)(7)

(1)

Fair value is determined in good faith subject to the oversight of the Board of Directors of the Company (See Note 2 to the consolidated financial statements).

(2)

Preferred and ordinary shares in Solarplicity UK Holdings Limited are GBP denominated equity investments.

(3)

Denotes investments in which the Company owns greater than 25% of the equity, where the governing documents of each entity preclude the Company from exercising a controlling influence over the management or policies of such entity. The Company does not have the right to elect or appoint more than 25% of the directors or another party has the right to elect or appoint more directors than the Company and has the right to appoint certain members of senior management. Therefore, the Company has determined that these entities are not controlled affiliates. As of June 30, 2024, we had a 100% equity ownership interest in Golden Bear 2016-R, LLC, a collateralized loan obligation.

(4)

Denotes investments in which we are an “Affiliated Person,” as defined in the 1940 Act, due to holding the power to vote or owning 5% or more of the outstanding voting securities of the investment but not controlling the company. Fair value as of December 31, 2023 and June 30, 2024 along with transactions during the six months ended June 30, 2024 in these affiliated investments are as follows:

Name of Issuer · Fair Value at December 31, 2023 · Gross Additions ● · Gross Reductions ■ · Net Change in Unrealized Gains (Losses) · Fair Value at June 30, 2024 · Net Realized Gains (Losses) · Interest/Dividend/Other Income
1244311 B.C. Ltd., Common Stock	$	1,087	$	—	$	—	$	419	$	1,506	$	—	$	—
1244311 B.C. Ltd., Term Loan		3,740		67		(15)		40		3,832		—		239
Auto Pool 2023 Trust (Del. Stat. Trust)		30,621		2,534		(2,477)		(6,671)		24,007		—		—
Blue Jay Transit Inc., Term Loan		—		22,110		—		330		22,440		—		822
Bird Scooter Acquisition Corp.		—		366		—		7		373		—		4
Carbonfree Chemicals Holdings LLC, Common Stock		18,727		—		—		295		19,022		—		—
FC2 LLC, Term Loan		12,501		—		—		(50)		12,451		—		405
FC2 LLC, Common Stock		—		—		—		—		—		—		—
Golden Bear 2016-R, LLC, Membership Interests		10,712		—		(611)		597		10,698		—		235
Pelican Energy, LLC, Common Stock		140		—		—		—		140		—		—
	$	77,528	$	25,077	$	(3,103)	$	(5,033)	$	94,469	$	—	$	1,705

Gross additions includes increases in the basis of investments resulting from new portfolio investments, payment-in-kind interest or dividends, the accretion of discounts, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category.

Gross reductions include decreases in the basis of investments resulting from principal collections related to investment repayments or sales, the amortization of premiums, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category.

(5)

Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 25% of the outstanding voting securities of the investment. Fair value as of December 31, 2023 and June 30, 2024 along with transactions during the six months ended June 30, 2024 in these controlled investments are as follows:

Name of Issuer · Fair Value at December 31, 2023 · Gross Additions ● · Gross Reductions ■ · Net Change in Unrealized Gains (Losses) · Fair Value at June 30, 2024 · Net Realized Gains (Losses) · Interest/Dividend/Other Income
Majority Owned Company
ChyronHego Corporation, Preferred Equity	$	20,628	$	—	$	—	$	(1,049)	$	19,579	$	—	$	—
ChyronHego US Holding Corporation, Term Loan		106,906		—		(494)		(4)		106,408		—		4,803
ChyronHego US Holding Corporation, Revolver		1,300		3,700		—		—		5,000		—		177
Merx Aviation Finance, LLC, Letter of Credit		—		—		—		—		—		—		—
Merx Aviation Finance, LLC, Membership Interests		117,043		—		—		2,863		119,906		—		—
Merx Aviation Finance, LLC, Revolver		74,076		—		(7,000)		(1)		67,075		—		3,572
MSEA Tankers LLC, Class A Units		45		—		(91)		15,746		—		(15,700)		—
Controlled Company
SHD Oil & Gas, LLC, Series C Units		346		—		—		—		346		—		—
SHD Oil & Gas, LLC, Series A Units		—		—		—		—		—		—		—
	$	320,344	$	3,700	$	(7,585)	$	17,555	$	318,314	$	(15,700)	$	8,552

As of June 30, 2024, the Company had a 87%,100%,100% and 38% equity ownership interest in ChyronHego Corporation; Merx Aviation Finance, LLC; MSEA Tankers, LLC; and SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), respectively.

(6)

Aggregate gross unrealized gain and loss for federal income tax purposes is $36,189 and $267,297, respectively. Net unrealized loss is $231,108 based on a tax cost of $2,676,135.

(7)

Substantially all securities are pledged as collateral to the Company's credit facilities (see Note 6 to the consolidated financial statements). For investments that are pledged to the Company's credit facilities, a single investment may be divided into parts that are individually pledged as collateral to separate credit facilities. As such, these securities are not available as collateral to our general creditors.

(8)

The negative fair value is the result of the commitment being valued below par.

(9)

These are co-investments made with the Company’s affiliates in accordance with the terms of the exemptive order the Company received from the Securities and Exchange Commission (the “SEC”) permitting us to do so. (See Note 3 to the consolidated financial statements for discussion of the exemptive order from the SEC.)

(10)

Other than the investments noted by this footnote, the fair value of the Company’s investments is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 2 to the consolidated financial statements for more information regarding ASC 820, Fair Value Measurements (“ASC 820”).

(11)

The investment have a maturity date prior to the end of the current period. Additional proceeds are expected from Solarplicity Group after the resolution of bankruptcy proceedings, or other corporate actions, at each respective issuer.

(12)

Par amount is denominated in USD unless otherwise noted, British Pound (“£”). Par amount represents funded commitments. See Note 23 in the Consolidated Schedule of Investments and Note 8 to the consolidated financial statements for further information on undrawn revolving and delayed draw loan commitments, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies.

(13)

Non-income producing security.

(14)

Non-accrual status (See Note 2 to the consolidated financial statements).

(15)

The underlying investments of AIC SPV Holdings II, LLC is a securitization in which the Company owns preferred shares representing 14.25% economic interest.

(16)

AIC Spotted Hawk Holdings, LLC, AIC SHD Holdings, LLC, AIC Pelican Holdings, LLC, AIC SB Holdings LLC and AP Surf Investments, LLC, MFIC Ostrich SPV LLC, MFIC Omada SPV LLC, MFIC Amplify SPV LLC, and MFIC Transformer SPV LLC are wholly-owned special purpose vehicles which only hold investments of the underlying portfolio companies and have no other significant assets or liabilities. AIC Spotted Hawk Holdings, LLC holds equity and debt investments in SHD Oil & Gas, LLC. AIC SHD Holdings LLC holds equity investments in SHD Oil & Gas, LLC. and equity investments in both Carbonfree Chemicals Holdings, LLC and Carbonfree Chemicals SA, LLC. AIC Pelican Holdings, LLC holds an equity investment in Pelican Energy, LLC. AP Surf Investments, LLC holds equity investments in Surf Opco, LLC. AIC SB Holdings LLC holds equity investments in Gainline Galaxy Holdings LLC. MFIC Ostrich SPV LLC holds investments in Excelligence Learning Corporation. MFIC Omada SPV LLC holds investments in Lookout, Inc. MFIC Amplify SPV LLC holds investments in US MetalCo Holdings LLC. MFIC Transformer SPV LLC holds investments in SEV Intermediate Holdco, LLC.

(17)

Investments that the Company has determined are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. As of June 30, 2024, non-qualifying assets represented approximately 5.2% of the total assets of the Company.

(18)

The maturity date for these investments are expected to be extended past June 30, 2024. The final terms of the extension are still under negotiation between the Company and the respective portfolio company.

(19)

In addition to the interest earned based on the stated rate of this loan, the Company may be entitled to receive additional interest as a result of its arrangement with other lenders in a syndication.

(20)

As of June 30, 2024, there were letters of credit issued and outstanding through the Company under this first lien senior secured revolving loan.

(21)

The undrawn portion of these committed revolvers and delayed draw term loans includes a commitment and unused fee rate.

(22)

A letter of credit associated with this investment has been issued through the Company’s Senior Secured Facility. In the event of draw of funds the related funding would be pro-rated for all existing lenders in the investment.

(23)

As of June 30, 2024, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that such conditions will be satisfied. See Note 8 to the consolidated financial statements for further information on revolving and delayed draw loan commitments, including commitments to issue letters of credit, related to certain portfolio companies.

Name of Issuer · Total Commitment · Drawn Commitment · Letters of Credit ** · Undrawn Commitment
ACP Avenu Buyer, LLC	$	3,999	$	92	$	—	$	3,907
AMI US Holdings Inc.		2,907		—		—		2,907
Acentra Holdings, LLC (fka CNSI Holdings, LLC)		2,000		493		—		1,507
Activ Software Holdings, LLC		2,407		—		—		2,407
Alcami Corporation		1,096		—		—		1,096
Alcresta Therapeutics Inc.		7,529		—		—		7,529
All Star Recruiting Locums, LLC		3,043		—		—		3,043
Alpinex Opco, LLC		1,489		596		—		893
Athlete Buyer, LLC		1,289		413		—		876
August Bioservices, LLC		3,500		—		—		3,500
Banner Buyer, LLC		1,935		387		—		1,548
Beacon Mobility Corp.		59,145		—		55,729		3,416
Berner Food & Beverage, LLC		2,881		1,896		—		985
Biamp		120		4		—		116
Blue Jay Transit Inc.		667		—		—		667
CRS Holdings, Inc.		8,000		113		—		7,887
Camin Cargo Control Holdings, Inc.		4,000		307		—		3,693
Cave Enterprises Operations, LLC		1,333		—		—		1,333
Celerion Buyer, Inc.		1,918		—		—		1,918
Cerus Corporation		5,000		1,884		—		3,116
ChyronHego US Holding Corporation		5,000		5,000		—		—
CircusTrix Holdings LLC		1,600		—		—		1,600
Club Car Wash Operating, LLC		2,900		1,625		—		1,275
Club Champion LLC		1,807		—		—		1,807
Colonnade Parent Inc (fka Naviga Inc.)		575		500		—		75
Compu-Link Corporation (dba Celink)		2,883		—		—		2,883
Digital.ai Software Holdings, Inc.		2,419		—		—		2,419
Eagle Purchaser, Inc.		1,105		658		—		447
Eldrickco Limited*		886		450		—		436
EmpiRx Health LLC		909		—		—		909
ExactCare Parent, Inc.		1,967		—		—		1,967
Excelligence Learning Corporation		1,370		169		77		1,124
G Treasury SS LLC		2,250		—		—		2,250
G&A Partners Holding Company II, LLC		6,184		—		—		6,184
GAT-Airline Ground Support Inc		4,762		635		—		4,127
GI Apple Midco LLC		1,262		119		41		1,102
GS SEER Group Borrower LLC		1,142		—		—		1,142
Gabriel Partners, LLC		665		488		—		177
Gateway US Holdings, Inc.		304		—		—		304
Genius Bidco LLC		6,160		—		—		6,160
Go Car Wash Management Corp.		417		—		—		417
Graffiti Buyer, Inc.		6,069		—		—		6,069
Green Grass Foods, Inc.		1,250		—		—		1,250
Guernsey Holdings SDI LA LLC		1,167		—		—		1,167
HEF Safety Ultimate Holdings, LLC		7,500		400		—		7,100
HRO (Hero Digital) Holdings, LLC		8,806		2,519		31		6,256
Health Management Associates Superholdings, Inc.		640		—		5		635
Heniff Holdco, LLC		3,925		2,780		164		981
High Street Buyer, Inc.		2,203		—		—		2,203
Hive Intermediate, LLC		2,326		639		—		1,687
HomeRenew Buyer, Inc.		1,958		1,958		—		—
IW Buyer LLC		393		—		9		384

Name of Issuer	Total Commitment	Drawn Commitment	Letters of Credit **	Undrawn Commitment
Ironhorse Purchaser, LLC	1,932	169	—	1,763
JF Acquisition, LLC	1,589	879	—	710
Jacent Strategic Merchandising	3,500	1,564	—	1,936
KL Charlie Acquisition Company	1,962	—	—	1,962
Kauffman Intermediate, LLC	1,243	1,049	155	39
Kure Pain Holdings, Inc.	2,654	—	—	2,654
LS Clinical Services Holdings, Inc.	1,875	1,699	—	176
Lash OpCo, LLC	1,630	1,630	—	—
LendingPoint LLC	24,500	9,416	—	15,084
Lifelong Learner Holdings, LLC	597	448	—	149
Litify LLC	833	—	—	833
Lookout, Inc.	5,000	—	—	5,000
Lotus Topco Inc.	2,059	—	—	2,059
M&M OPCO, LLC	476	—	—	476
MGP Holdings III Corp.	1,832	—	—	1,832
Marlin DTC-LS Midco 2, LLC	685	—	—	685
Maxor National Pharmacy Services, LLC	1,530	—	—	1,530
Medical Guardian, LLC	3,810	—	—	3,810
Merx Aviation Finance, LLC	73,252	67,075	6,177	—
Midwest Vision Partners Management, LLC	612	612	—	—
Mobile Communications America, Inc.	9,568	—	—	9,568
Momentx Corporation	1,257	1,257	—	—
Munson Buffalo Restaurant Group LLC	6,380	—	—	6,380
New Era Technology, Inc.	1,732	1,385	—	347
Norvax, LLC	1,591	304	—	1,287
Omada Health, Inc.	1,550	5	—	1,545
PARS Group LLC	952	—	—	952
PHOENIX YW BUYER, INC.	1,136	—	—	1,136
PHS Buyer, Inc.	2,000	1,345	—	655
Pace Health Companies, LLC	1,399	—	118	1,281
Paladone Group Bidco Limited	1,412	—	—	1,412
Paladone Group Bidco Limited*	446	—	—	446
Patriot Foods Buyer, Inc.	750	30	—	720
Pave America Interco, LLC (f/k/a Pavement Partners Interco, LLC)	1,995	1,247	—	748
Precision Refrigeration & Air Conditioning LLC	1,705	1,023	—	682
Pro-Vigil Holding Company, LLC	4,660	—	—	4,660
Project Comfort Buyer, Inc.	1,731	231	—	1,500
Protein For Pets Opco, LLC	708	—	—	708
Purchasing Power Funding I, LLC	9,113	3,159	—	5,954
R.F. Fager Company, LLC	2,063	47	—	2,016
RHI Acquisition LLC	2,759	—	—	2,759
Rarebreed Veterinary Partners, Inc.	14,556	—	—	14,556
Regis Corporation	4,167	1,706	—	2,461
RoC Holdco LLC	2,195	—	—	2,195
Roscoe Medical, Inc	1,393	—	—	1,393
SEV Intermediate Holdco, LLC	1,667	—	—	1,667
SI Holdings, Inc.	3,413	427	—	2,986
Shelby 2021 Holdings Corp.	4,737	—	—	4,737
Sigma Buyer LLC	8,773	300	—	8,473
Simeio Group Holdings, Inc.	873	873	—	—
Sirsi Corporation	429	—	—	429
Smith Topco, Inc.	1,128	—	—	1,128
Surf Opco, LLC	20,000	13,969	333	5,698
TELA Bio, Inc.	3,333	—	—	3,333
THLP CO. LLC	4,494	2,720	215	1,559

Name of Issuer · Total Commitment · Drawn Commitment · Letters of Credit ** · Undrawn Commitment
TS Investors, LLC		2,796		—		—		2,796
Tasty Chick'n LLC		8,163		—		—		8,163
Telesoft Holdings, LLC		2,273		417		—		1,856
TerSera Therapeutics LLC		1,395		—		—		1,395
Texada Software LLC		3,077		—		—		3,077
Thomas Scientific, LLC		2,963		1,259		296		1,408
Treace Medical Concepts, Inc.		23,417		400		—		23,017
Trench Plate Rental Co.		1,818		1,318		125		375
Turbo Buyer, Inc.		923		462		—		461
US Fertility Enterprises, LLC		63		15		—		48
US MetalCo Holdings LLC		1,320		—		—		1,320
USLS Acquisition, Inc.		1,608		1,286		62		260
Ultimate Baked Goods Midco LLC		3,243		608		645		1,990
Unchained Labs, LLC		726		—		—		726
Uplight, Inc.		11,000		—		—		11,000
Upstack Holdco Inc.		3,000		1,950		110		940
Village Pet Care, LLC		5,250		540		—		4,710
WelldyneRX, LLC		1,923		513		—		1,410
Wildcat BuyerCo, Inc.		2,851		—		30		2,821
Zephyr Buyer, L.P.		3,952		—		—		3,952
Total Commitments	$	536,459	$	147,462	$	64,322	$	324,675

*These investments are in a foreign currency and the total commitment has been converted to USD using the June 30, 2024 exchange rate.

**For all letters of credit issued and outstanding on June 30, 2024, $62,612 will expire in 2024 and $1,710 will expire in 2025.

(24)

Securities that are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2024, the aggregate fair value of these securities is $162,741 or 16% of the Company's net assets. The acquisition dates of the restricted securities are as follows:

Issuer	Investment Type	Acquisition Date
1244311 B.C. Ltd.	Common Equity - Common Stock	9/30/2020
Alcresta Holdings, LP	Preferred Equity - Preferred Equity	3/12/2024
Alcresta Holdings, LP	Preferred Equity - Preferred Equity	3/12/2024
Ambrosia Buyer Corp.	Common Equity - Common Stock	2/1/2024
Bird Scooter Acquisition Corp.	Common Equity - Common Stock	3/22/2024
BSP-TS, LP	Preferred Equity - Preferred Equity	10/23/2023
Carbonfree Chemicals Holdings LLC	Common Equity - Common Equity / Interest	11/1/2019
ChyronHego Corporation	Preferred Equity - Preferred Equity	12/29/2020
FC2 LLC	Common Equity - Common Stock	10/14/2022
Genius Bidco LLC	Common Equity - Common Stock	5/1/2024
Litify Holdings Inc.	Common Equity - Common Stock	12/6/2023
Merx Aviation Finance, LLC	Common Equity - Membership Interests	9/1/2022
Nutpods Holdings, Inc.	Common Equity - Common Stock	12/26/2023
Pelican Energy, LLC	Common Equity - Membership Interests	3/28/2012
Renew Financial LLC (f/k/a Renewable Funding, LLC)	Common Equity - Common Stock	10/1/2023
SHD Oil & Gas, LLC	Common Equity - Series A Units	11/18/2016
SHD Oil & Gas, LLC	Common Equity - Series C Units	12/27/2012
Sorenson Holdings, LLC	Common Equity - Membership Interests	1/25/2024

(25)

The Company has approximately 22.5% ownership interest in the Auto Pool 2023. Auto Pool 2023 Trust holds underlying assets that consist of a pool of retail auto loans and residual interests in auto loan trusts. The Company also continues to have an interest in any residual assets from the bankruptcy proceedings related to U.S. Auto Finance.

(26)

Common shares in 1244311 B.C. Ltd. are CAD denominated equity investments.

(27)

Treace Medical Concepts, Inc. is subject to an interest rate cap. The investment is capped at the lesser of stated interest rate and 3.00% plus the applicable margin.

(28)

The interest rate on these loans is subject to Prime, which as of June 30, 2024 was 8.50%.

(29)

The interest rate on these loans is subject to SONIA, which as of June 30, 2024 was 5.20%.

(30)

The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2024 was 5.34%.

(31)

The interest rate on these loans is subject to 3 months SOFR, which as of June 30, 2024 was 5.32%.

(32)

The interest rate on these loans is subject to 6 months SOFR, which as of June 30, 2024 was 5.25%.

(33)

The interest rate on these loans is subject to 12 months SOFR, which as of June 30, 2024 was 5.04%.

(34)

This security is included in the Cash and Cash Equivalents on the Consolidated Statements of Assets and Liabilities.

(35)

The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of June 30, 2024:

Industry · First Lien - Secured Debt · Second Lien - Secured Debt · Unsecured Debt · Structured Products and Other · Preferred Equity · Common Equity/Interests · Warrants · Total
Non-Controlled / Non-Affiliated Investments
Advertising, Printing & Publishing	$	46,162	$	—	$	—	$	—	$	—	$	433	$	—	$	46,595
Automotive		26,806		—		—		—		—		23,969		—		50,775
Aviation and Consumer Transport		28,988		—		—		—		—		—		—		28,988
Beverage, Food & Tobacco		132,592		—		—		—		448		1,534		—		134,574
Business Services		242,253		—		2,672		—		89		13,999		576		259,589
Construction & Building		42,931		—		—		—		—		451		—		43,382
Consumer Goods – Durable		41,261		—		—		—		—		215		—		41,476
Consumer Goods – Non-durable		122,904		—		—		—		492		2,235		—		125,631
Consumer Services		206,421		—		—		—		—		—		—		206,421
Diversified Investment Vehicles, Banking, Finance, Real Estate		35,908		—		—		—		—		100		—		36,008
Energy – Electricity		7,231		—		—		—		6,157		17,094		—		30,482
Healthcare & Pharmaceuticals		403,127		—		—		—		749		257		389		404,522
High Tech Industries		349,079		—		—		—		—		1,184		—		350,263
Hotel, Gaming, Leisure, Restaurants		35,013		—		—		—		—		—		—		35,013
Insurance		48,147		—		—		—		—		—		—		48,147
Manufacturing, Capital Equipment		60,580		7,983		—		—		11,850		250		—		80,663
Retail		30,959		—		—		—		—		—		—		30,959
Telecommunications		2,748		7,537		—		—		—		—		—		10,285
Transportation – Cargo, Distribution		80,874		—		—		—		—		—		—		80,874
Utilities – Electric		14,443		—		—		—		—		—		—		14,443
Wholesale		47,166		—		—		—		17		798		—		47,981
Total Non-Controlled / Non-Affiliated Investments	$	2,005,593	$	15,520	$	2,672	$	—	$	19,802	$	62,519	$	965	$	2,107,071
Non-Controlled / Affiliated Investments
Chemicals, Plastics & Rubber	$	12,500	$	—	$	—	$	—	$	—	$	56,505	$	—	$	69,005
Consumer Goods – Durable		3,900		—		—		—		—		1,000		—		4,900
Consumer Services		22,111		—		—		27,921		—		366		—		50,398
Diversified Investment Vehicles, Banking, Finance, Real Estate		—		—		—		16,517		—		—		—		16,517
Energy – Oil & Gas		—		—		—		—		—		11,802		—		11,802
Total Non-Controlled / Affiliated Investments	$	38,511	$	—	$	—	$	44,438	$	—	$	69,673	$	—	$	152,622
Controlled Investments
Aviation and Consumer Transport	$	67,075	$	—	$	—	$	—	$	—	$	146,500	$	—	$	213,575
Energy – Oil & Gas		—		—		—		—		—		44,866		—		44,866
High Tech Industries		111,196		—		—		—		6,000		—		—		117,196
Total Controlled Investments	$	178,271	$	—	$	—	$	—	$	6,000	$	191,366	$	—	$	375,637
Total	$	2,222,375	$	15,520	$	2,672	$	44,438	$	25,802	$	323,558	$	965	$	2,635,330

(36)

The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of June 30, 2024:

Industry · First Lien - Secured Debt · Second Lien - Secured Debt · Unsecured Debt · Structured Products and Other · Preferred Equity · Common Equity/Interests · Warrants · Total · % of Net Assets
Non-Controlled / Non-Affiliated Investments
Advertising, Printing & Publishing	$	44,953	$	—	$	—	$	—	$	—	$	464	$	—	$	45,417	4.52%
Automotive		26,741		—		—		—		—		2,362		—		29,103	2.90%
Aviation and Consumer Transport		29,143		—		—		—		—		—		—		29,143	2.90%
Beverage, Food & Tobacco		132,537		—		—		—		247		3,159		—		135,943	13.54%
Business Services		239,135		—		325		—		79		4,520		22		244,081	24.33%
Construction & Building		43,027		—		—		—		—		10		—		43,037	4.29%
Consumer Goods – Durable		41,431		—		—		—		—		391		—		41,822	4.17%
Consumer Goods – Non-durable		122,815		—		—		—		207		465		—		123,487	12.31%
Consumer Services		203,439		—		—		—		—		—		—		203,439	20.27%
Diversified Investment Vehicles, Banking, Finance, Real Estate		35,921		—		—		—		—		72		—		35,993	3.59%
Energy – Electricity		2,069		—		—		—		241		504		—		2,814	0.28%
Healthcare & Pharmaceuticals		400,140		—		—		—		784		4,065		148		405,137	40.36%
High Tech Industries		345,837		—		—		—		—		2,283		—		348,120	34.68%
Hotel, Gaming, Leisure, Restaurants		35,043		—		—		—		—		—		—		35,043	3.49%
Insurance		47,922		—		—		—		—		—		—		47,922	4.77%
Manufacturing, Capital Equipment		60,454		7,955		—		—		11,454		183		—		80,046	7.97%
Retail		30,726		—		—		—		—		—		—		30,726	3.06%
Telecommunications		2,888		5,446		—		—		—		—		—		8,334	0.83%
Transportation – Cargo, Distribution		80,695		—		—		—		—		—		—		80,695	8.04%
Utilities – Electric		13,671		—		—		—		—		—		—		13,671	1.36%
Wholesale		47,020		—		—		—		19		557		—		47,596	4.74%
Total Non-Controlled / Non-Affiliated Investments	$	1,985,607	$	13,401	$	325	$	—	$	13,031	$	19,035	$	170	$	2,031,569	202.40%
% of Net Assets		197.81%		1.34%		0.03%		0.00%		1.30%		1.90%		0.02%		202.40%

Industry · First Lien - Secured Debt · Second Lien - Secured Debt · Unsecured Debt · Structured Products and Other · Preferred Equity · Common Equity/Interests · Warrants · Total · % of Net Assets
Non-Controlled / Affiliated Investments
Chemicals, Plastics & Rubber	$	12,451	$	—	$	—	$	—	$	—	$	19,022	$	—	$	31,473	3.14%
Consumer Goods – Durable		3,832		—		—		—		—		1,506		—		5,338	0.53%
Consumer Services		22,440		—		—		24,007		—		373		—		46,820	4.66%
Diversified Investment Vehicles, Banking, Finance, Real Estate		—		—		—		10,698		—		—		—		10,698	1.07%
Energy – Oil & Gas		—		—		—		—		—		140		—		140	0.01%
Total Non-Controlled / Affiliated Investments	$	38,723	$	—	$	—	$	34,705	$	—	$	21,041	$	—	$	94,469	9.41%
% of Net Assets		3.85%		0.00%		0.00%		3.46%		0.00%		2.10%		0.00%		9.41%
Controlled Investments
Aviation and Consumer Transport	$	67,075	$	—	$	—	$	—	$	—	$	119,906	$	—	$	186,981	18.63%
Energy – Oil & Gas		—		—		—		—		—		346		—		346	0.03%
High Tech Industries		111,408		—		—		—		19,579		—		—		130,987	13.05%
Transportation – Cargo, Distribution		—		—		—		—		—		—		—		—	0.00%
Total Controlled Investments	$	178,483	$	—	$	—	$	—	$	19,579	$	120,252	$	—	$	318,314	31.71%
% of Net Assets		17.78%		0.00%		0.00%		0.00%		1.95%		11.98%		0.00%		31.71%
Total	$	2,202,813	$	13,401	$	325	$	34,705	$	32,610	$	160,328	$	170	$	2,444,352	243.52%
% of Net Assets		219.46%		1.34%		0.03%		3.46%		3.25%		15.97%		0.02%		243.52%

Industry Classification	Percentage of Total Investments (at Fair Value) as of June 30, 2024
High Tech Industries	19.6%
Healthcare & Pharmaceuticals	16.5%
Consumer Services	10.2%
Business Services	10.0%
Aviation and Consumer Transport	8.8%
Beverage, Food & Tobacco	5.6%
Consumer Goods – Non-durable	5.1%
Transportation – Cargo, Distribution	3.3%
Manufacturing, Capital Equipment	3.3%
Insurance	2.0%
Wholesale	1.9%
Consumer Goods – Durable	1.9%
Diversified Investment Vehicles, Banking, Finance, Real Estate	1.9%
Advertising, Printing & Publishing	1.9%
Construction & Building	1.8%
Hotel, Gaming, Leisure, Restaurants	1.4%
Chemicals, Plastics & Rubber	1.3%
Retail	1.3%
Automotive	1.2%
Utilities – Electric	0.6%
Telecommunications	0.3%
Energy – Electricity	0.1%
Energy – Oil & Gas	0.0%
Total Investments	100.0%

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.