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Midas Edge

Runway Growth Finance Corp.

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

View on SEC.gov

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, 2026 · Filed Aug 6, 2026

RWAY$6.63+0.5%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

Schedule of Investments as of June 30, 2026 (unaudited)

Consolidated Schedule of Investments (Unaudited)

Portfolio CompanyInvestment TypeInvestment Description(1)(2)(4)Initial Acquisition DateMaturity DatePrincipal ($) /SharesCost ($)Fair Value ($) (3)Footnotes
Non-Control/Non-Affiliate Investments
Debt Investments
Application Software
Airship Group, Inc.Senior SecuredSOFR+3.75%, 9.08% floor, 3.00% PIK, 3.25% ETP6/28/20246/15/202851,41851,64652,257(11) (12) (13)
BlueConic Holding, Inc. (fka Blueshift Labs, Inc.)Second Lien0.00% until 06/17/2028; thereafter, 20.00% PIK6/17/20266/17/203018,50015,45715,457(11) (14)
CarNow, Inc.Senior SecuredSOFR+7.25%, 11.75% floor, 3.10% ETP3/22/20243/22/202920,00018,51418,903(12) (13)
Piano Software, Inc.Senior SecuredSOFR+7.25%, 11.25% floor, 1.50% ETP12/31/202412/31/202943,00042,25342,791(12) (13)
VTX Intermediate Holdings, Inc. (dba VertexOne)Senior SecuredSOFR+7.00%, 8.00% floor, 4.00% ETP12/12/20249/24/202935,50835,51535,458(12) (13)
VTX Intermediate Holdings, Inc. (dba VertexOne)Second LienFIXED 12.50% PIK, 33.50% ETP12/12/20249/24/20297,0576,8396,824(11) (12) (19)
Zinnia Corporate Holdings, LLCSenior SecuredSOFR+6.50%, 7.50% floor9/23/20249/21/202940,00039,43339,570(13)
Total Application Software - 42.04%*209,657211,260
Commercial & Professional Services
Bombora, Inc.Senior SecuredSOFR+4.25%, 6.75% floor, 3.25% PIK, 1.11% ETP12/26/20231/15/202831,90732,00332,236(11) (12) (13)
Elevate Services, Inc.Senior SecuredSOFR+7.50%, 12.78% floor, 0.50% ETP7/10/20237/10/202739,00038,41439,195(12) (13)
Shepherd Intermediate, LLC (dba FHAS)Senior SecuredSOFR+7.25%, 8.25% floor7/10/20257/10/20306,3316,2416,401(13)
Shepherd Intermediate, LLC (dba FHAS) (Revolver)Senior SecuredSOFR+7.25%, 8.25% floor7/10/20257/10/2030-(5)-(26)
Swing Education, Inc.Senior SecuredSOFR+7.00%, 10.80% floor, 6.25% ETP6/27/20256/15/20298,0007,9657,822(12) (13)
Swing Education, Inc. (Revolver)Senior SecuredSOFR+6.65%, 10.45% floor6/27/20256/1/2028-(132)-(13) (26)
Total Commercial & Professional Services - 17.04%*84,48685,654
Consumer Services
Buzz Finco, LLC (dba Bumble)Senior SecuredSOFR+6.75%, 9.25% floor4/24/20264/24/203015,00014,78314,775(10) (15)
FINN GmbHSenior SecuredSOFR+8.75%, 10.75% floor12/8/20256/30/203020,00019,19319,036(6) (10) (13)
Total Consumer Services - 6.73%*33,97633,811
Consumer Staples Distribution & Retail
Marley Spoon SESenior SecuredSOFR+8.00% PIK, 10.50% floor, 14.00% ceiling, 2.00% ETP4/24/202612/31/203017,58317,58317,583(6) (10) (11) (12) (15) (22)
Marley Spoon SESubordinated Debt - Senior Tranche Term LoanSOFR+8.00% PIK, 10.50% floor, 14.00% ceiling, 0.42% ETP4/24/202612/31/203014,46514,46514,465(6) (10) (11) (12) (15) (18) (22)
Marley Spoon SESubordinated Debt - Junior Tranche Term LoanSOFR+8.00% PIK, 10.50% floor, 14.00% ceiling, 2.00% ETP4/24/202612/31/203049,36216,90811,089(6) (10) (11) (12) (15) (22)
Total Consumer Staples Distribution & Retail - 8.58%*48,95643,137
Portfolio CompanyInvestment TypeInvestment Description(1)(2)(4)Initial Acquisition DateMaturity DatePrincipal ($) /SharesCost ($)Fair Value ($) (3)Footnotes
Non-Control/Non-Affiliate Investments
Debt Investments
Financial Services
Autobooks, Inc.Senior SecuredSOFR+7.50%, 11.77% floor, 3.75% ETP5/5/20252/5/202836,60036,41537,118(12) (13)
Hurricane Cleanco LimitedSenior SecuredFIXED 6.25%, 6.25% PIK12/31/202411/22/202931,01129,48131,070(5) (10) (11) (18)
Under Technologies, Inc. (dba Rho)Senior SecuredSOFR+7.75%, 11.39% floor, 5.00% ETP5/8/20265/8/203120,00019,82419,824(12) (13)
Vesta Payment Solutions, Inc.Senior SecuredSOFR+7.00%, 9.00% floor, 6.00% ETP11/29/202212/16/202625,00026,26921,221(12)
Total Financial Services - 21.73%*111,989109,233
Health Care Equipment & Services
Biotricity, Inc.Senior SecuredSOFR+10.50%, 11.50% floor, 10.29% ETP4/6/20265/15/202713,84613,42813,563(12) (15)
EBR Systems, Inc.Senior SecuredPRIME+4.90%, 8.90% floor, 4.50% ETP6/30/20226/15/202740,00041,03741,501(12) (13) (15)
HR Pharmaceuticals, LLCSenior SecuredSOFR+6.00%, 8.00% floor, 5.36% ETP1/29/20261/29/20316,5796,4736,464(12) (13)
HR Pharmaceuticals, LLC (Revolver)Senior SecuredSOFR+6.00%, 8.00% floor1/29/20261/29/2031206193202
ImpediMed, Inc.Senior SecuredSOFR+9.50%, 13.75% floor, 9.00% ETP4/6/20262/5/203011,50010,51011,413(9) (10) (12) (15)
MedMinder Systems, Inc.Senior SecuredPRIME+4.35%, 9.10% floor, 6.00% ETP4/6/20268/18/202825,00023,18524,517(12) (13)
Mingle Healthcare Solutions, Inc.Senior SecuredSOFR+9.75%, 12.26% floor, 10.50% ETP8/15/201812/15/20264,1274,7571,897(12) (22)
Onward Medical, N.V.Senior SecuredSOFR+6.50%, 10.75% floor, 2.50% ETP6/28/20246/15/202817,08816,99817,610(8) (10) (12) (13) (15)
Route 92 Medical, Inc.Senior SecuredSOFR+7.00%, 9.00% floor, 3.95% ETP3/31/20253/31/202935,00034,68235,083(12) (13)
Triple Ring Technologies, Inc.Senior SecuredSOFR+7.50%, 12.00% floor, 7.75% ETP4/6/202612/6/20288,0007,5748,012(12) (13)
Total Health Care Equipment & Services - 31.89%*158,837160,262
Household & Personal Products
13Scents Inc. (dba Dossier)Senior SecuredSOFR+6.75%, 7.75% floor4/8/20263/31/203125,46525,03424,712(13)
13Scents Inc. (dba Dossier) (Revolver)Senior SecuredSOFR+6.75%, 7.75% floor4/8/20263/31/20311,8231,7621,770
Madison Reed, Inc.Senior SecuredPRIME+5.00%, 12.50% floor, 3.00% ETP8/29/20258/29/202940,00039,52639,432(12) (13)
Total Household & Personal Products - 13.12%*66,32265,914
Insurance
Kin Insurance, Inc.Senior SecuredPRIME+5.00%, 12.00% floor, 2.00% ETP8/13/20258/13/202930,00029,46029,805(12) (13)
Kin Insurance, Inc.Senior SecuredPRIME+5.00%, 12.00% floor, 2.00% ETP12/30/20258/13/202915,00014,64814,903(12) (23)
Total Insurance - 8.90%*44,10844,708
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Non-Control/Non-Affiliate Investments
Debt Investments
Media & Entertainment
Skillshare, Inc.Senior SecuredSOFR+6.75%, 10.96% floor, 2.00% ETP8/15/20252/8/202910,0439,9809,282(12) (13)
Snap! Mobile, Inc.Senior SecuredSOFR+7.50%, 12.10% floor, 3.83% ETP9/30/20249/30/202818,00017,90717,703(12) (13)
Total Media & Entertainment - 5.37%*27,88726,985
Multi-Sector Holdings
SPB-C 2024, LLCSenior SecuredFIXED 15.00% PIK, 1.57% ETP12/16/202512/16/202810,83610,77310,745(10) (11) (12)
Total Multi-Sector Holdings - 2.14%*10,77310,745
Pharmaceutical, Biotechnology & Life Sciences
4Web, Inc.Senior SecuredSOFR+9.25%, 12.75% floor, 34.43% ETP4/6/202612/31/202719,92622,80324,312(12) (13)
Advanced Oxygen Therapy, Inc.Senior SecuredSOFR+7.75%, 10.90% floor, 5.60% ETP4/6/20262/15/202919,47818,33219,438(12) (13) (15)
Eton Pharmaceuticals, Inc.Senior SecuredSOFR+6.55%, 9.30% floor, 5.45% ETP4/6/202612/17/202727,00025,90127,459(10) (12) (13) (15)
Goodwin Biotechnology, Inc.Senior SecuredSOFR+5.03%, 9.28% floor, 3.98% PIK, 5.44% ETP4/6/20269/13/20275,5655,2445,528(11) (12) (13)
Journey Medical CorporationSenior SecuredSOFR+7.75%, 12.75% floor, 5.00% ETP4/6/20266/27/202825,00023,84225,206(12) (13) (15)
NeoLight, LLCSenior SecuredSOFR+6.50%, 13.50% floor, 50% Cash/50% PIK, 9.66% ETP4/6/20265/15/20276,0515,8165,539(11) (12) (13)
Nicoya Lifesciences, Inc.Senior SecuredSOFR+9.00%, 12.75% floor, 10.00% ETP4/6/20264/14/20278,5008,3068,606(7) (10) (12) (13)
Shield Therapeutics PLCSenior SecuredSOFR+8.75%, 12.25% floor, 5.00% ETP12/2/20259/28/20285,0004,8735,013(5) (10) (12) (13) (15)
Shield Therapeutics PLCSenior SecuredSOFR+8.75%, 12.25% floor, 6.56% ETP4/6/20269/28/202820,00019,12820,052(5) (10) (12) (13) (15)
Sincerus Pharmaceuticals, Inc.Senior SecuredSOFR+6.75%, 10.50% floor, 8.85% ETP4/6/20268/31/203015,99715,50416,340(12) (13)
Sincerus Pharmaceuticals, Inc.Senior SecuredSOFR+6.75%, 10.50% floor, 7.50% ETP6/30/20268/31/20304,0033,9834,088(12) (13)
Total Pharmaceutical, Biotechnology & Life Sciences - 32.15%*153,732161,581
Systems Software
3PL Central LLC (dba Extensiv)Senior SecuredSOFR+7.00%, 9.00% floor, 5.10% ETP11/9/20229/30/202672,29076,26370,184(12)
Circadence CorporationSenior SecuredSOFR+11.00%, 14.69% floor, 10.56% ETP12/20/201812/31/202618,55219,85417,909(12)
Digicert, Inc.Senior SecuredSOFR+5.75%, 6.50% floor7/30/20257/30/20309,2579,1399,015(13)
Digicert, Inc. (Revolver)Senior SecuredSOFR+5.75%, 6.50% floor7/30/20257/30/2030-(8)-(26)
Total Systems Software - 19.31%*105,24897,108
Technology Hardware & Equipment
Brivo, Inc.Senior SecuredSOFR+7.00%, 10.66% floor, 2.53% ETP12/27/202412/15/202940,00040,02041,110(12) (13)
Linxup, LLCSenior SecuredPRIME+3.25%, 11.75% floor, 2.25% ETP11/3/202311/15/202730,00030,20430,821(12) (13)
Total Technology Hardware & Equipment - 14.31%*70,22471,931
Total Debt Investments - 223.31%*1,126,1951,122,329
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Non-Control/Non-Affiliate Investments
Equity Investments
Application Software
Aria Systems, Inc.EquitySeries G Preferred Stock7/10/2018N/A289,419250286(14)
VTX Intermediate Holdings, Inc. (dba VertexOne)EquitySeries C Preferred Units12/12/2024N/A3,015,2191439(14)
Total Application Software - 0.06%*393295
Commercial & Professional Services
FiscalNote, Inc.EquityCommon Stock10/19/2020N/A19,2404382(14) (15) (16)
JobGet Holdings, Inc. (fka Snagajob, Inc.)EquitySeries C-1 Preferred Stock11/15/2024N/A476,56439,27517,098(14) (25)
JobGet Holdings, Inc. (fka Snagajob, Inc.)EquitySeries C-2 Preferred Stock11/15/2024N/A16,963--(14) (25)
Total Commercial & Professional Services - 3.40%*39,71317,100
Consumer Staples Distribution & Retail
Marley Spoon SEEquityCommon Stock7/7/2023N/A46,0044102(6) (10) (14) (15) (16) (18)
Total Consumer Staples Distribution & Retail - 0.00%*4102
Health Care Equipment & Services
CareCloud, Inc.Equity8.75% Series A Cumulative Redeemable Perpetual Preferred Stock1/8/2020N/A462,06412,1329,822(15) (16)
Epica International, Inc.EquityCommon Stock1/4/2022N/A25,000136145(14)
HR Pharmaceuticals, LLCEquityPreferred Units1/29/2026N/A2,000,0002,0001,981(14) (25)
MolecuLight, Inc.EquitySeries B-3 Preferred Stock1/1/2025N/A250,0003719(7) (10) (14) (18)
Total Health Care Equipment & Services - 2.38%*14,30511,967
Media & Entertainment
Minute Media Inc.EquityPreferred Stock12/13/2023N/A1,03912082(5) (10) (14)
Minute Media Inc.EquityCommon Stock12/13/2023N/A136168(5) (10) (14)
Total Media & Entertainment - 0.02%*13690
Pharmaceutical, Biotechnology & Life Sciences
Advanced Oxygen Therapy, Inc.EquityCommon Stock6/30/2024N/A402,634178329(14) (15) (18)
Sincerus Pharmaceuticals, Inc.EquityCommon Stock5/21/2021N/A26,575509481(14)
Total Pharmaceutical, Biotechnology & Life Sciences - 0.16%*687810
Total Equity Investments - 6.02%*55,64430,264
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Non-Control/Non-Affiliate Investments
Warrants & Other Contractual Rights
Application Software
3DNA Corp. (dba NationBuilder)WarrantSeries C-1 Preferred Stock12/28/201812/28/2028273,164104-(14)
Airship Group, Inc.WarrantSeries F Preferred Stock6/28/20246/28/2034519,313414403(14)
Aria Systems, Inc.WarrantSeries G Preferred Stock6/29/20186/29/20282,387,7051,0481,024(14)
CarNow, Inc.WarrantCommon Stock3/22/20243/22/2034200,0002,4002,423(14)
CarNow, Inc.WarrantCommon Stock4/24/20264/24/203620,000--(14)
Exeevo, Inc.Contractual RightGross Margin Earnout11/13/20249/30/2027N/A409462(14) (17) (25)
INRIX, Inc.WarrantCommon Stock7/26/20197/26/2029150,804522-(14)
JWP Holdco LLC (fka Longtail Ad Solutions, Inc.)WarrantCommon Units12/12/201912/12/2029167,82747-(14)
Piano Software, Inc.WarrantSeries D Preferred Stock12/31/202412/31/2034119,978348457(14)
Predactiv, Inc. (fka Sharethis, Inc.)WarrantSeries D-3 Preferred Stock12/3/201812/3/2028647,6152,162-(14)
Total Application Software - 0.95%*7,4544,769
Commercial & Professional Services
AllClear ID, Inc.WarrantCommon Stock8/31/20178/31/2027870,5141,750-(14)
Bombora, Inc.WarrantCommon Stock3/31/20213/31/2031121,581174111(14)
Bombora, Inc.WarrantCommon Stock12/26/202312/26/203357,7505153(14)
CloudPay, Inc.WarrantSeries B Preferred Stock6/30/20206/30/203011,273218876(5) (10) (14)
CloudPay, Inc.WarrantSeries D Preferred Stock8/17/20218/17/20313,5025219(5) (10) (14)
CloudPay, Inc.WarrantSeries D Preferred Stock9/26/20229/26/20325,252176105(5) (10) (14)
Elevate Services, Inc.WarrantSeries C Preferred Stock7/10/20237/10/2033248,997447368(14)
Elevate Services, Inc.WarrantSeries C Preferred Stock7/17/20247/17/2034236,549377582(14)
FiscalNote, Inc.Contractual RightEarnout7/29/20227/29/2027N/A127-(14) (15) (17)
JobGet Holdings, Inc. (fka Snagajob, Inc.)WarrantSeries B-1 Preferred Stock9/29/20219/29/2031763,269343-(14)
Swing Education, Inc.WarrantSeries C Preferred Stock6/27/20256/27/2035196,160197(14)
Total Commercial & Professional Services - 0.42%*3,7342,121
Consumer Services
FINN GmbHWarrantSeries C2 Preferred Stock12/4/202512/4/20305106911,454(6) (10) (14) (18) (24)
Total Consumer Services - 0.29%*6911,454
Consumer Staples Distribution & Retail
Marley Spoon SEWarrantCommon Stock4/25/202612/31/20355,466--(6) (10) (14) (15) (18)
Total Consumer Staples Distribution & Retail - 0.00%* · - · -
Financial Services
Autobooks, Inc.Contractual RightSuccess Fee5/5/2025N/AN/A489748(14) (17)
Betterment Holdings, Inc.WarrantCommon Stock10/6/202310/6/20337,6803545(14)
Betterment Holdings, Inc.WarrantCommon Stock10/6/202310/6/20339,8184050(14)
Credit Sesame, Inc.WarrantCommon Stock1/7/20201/7/2030191,601425279(14)
Under Technologies, Inc. (dba Rho)WarrantSeries B Preferred Stock5/8/20265/8/2036101,20323(14) (25)
Total Financial Services - 0.22%*9911,125
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Non-Control/Non-Affiliate Investments
Warrants & Other Contractual Rights
Health Care Equipment & Services
Allurion Technologies, Inc.WarrantCommon Stock3/30/20213/30/20315,320282-(14) (15)
Allurion Technologies, Inc.WarrantCommon Stock6/14/20223/30/20311,851141-(14) (15)
Allurion Technologies, Inc.WarrantCommon Stock9/15/20229/15/20321,850144-(14) (15)
Allurion Technologies, Inc.Contractual RightEarnout8/2/20238/1/2028N/A--(14) (15) (17)
Best ABT, Inc.Contractual RightSettlement Payment Right11/12/201811/12/2028N/A9521,051(14) (25)
Biotricity, Inc.WarrantSeries A Preferred Stock12/21/202112/21/20289,589-32(14) (15)
Biotricity, Inc.WarrantSeries B Preferred Stock11/11/202411/11/203154,3007-(14) (15)
Biotricity, Inc.WarrantSeries C Preferred Stock8/25/20238/25/2030600,0001121(14) (15)
Biotricity, Inc.WarrantSeries E Preferred Stock12/12/202512/12/2032120,000248(14) (15)
DxTerity Diagnostics, Inc.WarrantSeries B Preferred Stock4/6/201512/31/20262,019,23143-(14)
EBR Systems, Inc.Contractual RightSuccess Fee6/30/20226/30/2032N/A605504(14) (15) (17)
Elutia, Inc.WarrantCommon Stock8/10/20228/10/2029187,9704926(14) (15)
Epica International, Inc.WarrantCommon Stock7/24/20187/24/2027581,8181,1891,265(14)
Flowonix Medical, Inc.Contractual RightRoyalty6/26/2023N/AN/A4,6934,442(14)
Ideal Implant, Inc.Contractual RightRoyalty8/1/20232/1/2039N/A1,8121,336(14)
ImpediMed, Inc.WarrantCommon Stock2/6/20252/6/203218,737,80511516(9) (10) (14) (15) (18)
MedMinder Systems, Inc.WarrantSeries C Preferred Stock8/18/20228/18/202965,0925654(14) (15)
Mingle Healthcare Solutions, Inc.WarrantSeries CC Preferred Stock8/15/20188/15/20281,770,973492-(14)
MolecuLight, Inc.WarrantCommon Stock1/1/202512/28/2028394,32232(7) (10) (14) (18) (25)
Moximed, Inc.WarrantSeries C Preferred Stock6/24/20226/24/2032214,28517532(14)
Onward Medical, N.V.WarrantCommon Stock6/28/20249/26/2034165,33834051(8) (10) (14) (15) (18)
Route 92 Medical, Inc.Contractual RightSuccess Fee3/31/20253/31/2035N/A833693(14) (17)
SetPoint Medical CorporationWarrantSeries B Preferred Stock6/29/20216/29/2031400,0001489(14)
SetPoint Medical CorporationWarrantSeries B Preferred Stock12/29/202212/29/2032600,00074133(14)
Total Health Care Equipment & Services - 1.94%*12,1559,735
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Non-Control/Non-Affiliate Investments
Warrants & Other Contractual Rights
Household & Personal Products
Madison Reed, Inc.Contractual RightSuccess Fee8/29/2025N/AN/A404456(14) (17)
Total Household & Personal Products - 0.09%*404456
Insurance
Kin Insurance, Inc.WarrantSeries D-3 Preferred Stock9/26/20229/26/203262,364426336(14)
Kin Insurance, Inc.WarrantSeries E Preferred Stock8/13/20258/13/203510,618546554(14)
Total Insurance - 0.18%*972890
Media & Entertainment
Skillshare, Inc.Contractual RightSuccess Fee8/15/2025N/AN/A33789(14) (17)
Snap! Mobile, Inc.WarrantSeries B Preferred Stock9/30/20249/30/203419,140345236(14)
Total Media & Entertainment - 0.06%*682325
Pharmaceutical, Biotechnology & Life Sciences
4Web, Inc.WarrantSeries D Preferred Stock6/3/20199/3/2031780,3873,9894,246(14)
Goodwin Biotechnology, Inc.WarrantSeries C Preferred Stock9/13/20239/13/2030211,4425069(14) (25)
Insite Vision, Inc.Contractual RightRoyalty4/2/2013N/AN/A--(14) (25)
Mustang Bio, Inc.WarrantCommon Stock3/4/20223/4/2032997315-(14) (15)
NeoLight, LLCWarrantSeries B-2 Preferred Stock2/17/20232/17/2030105,04835(14)
Nicoya Lifesciences, Inc.WarrantSeries B-1 Preferred Stock10/13/202310/13/2030117,30515422(7) (10) (14) (18)
Nicoya Lifesciences, Inc.WarrantSeries A-3 Preferred Stock5/27/20255/27/2032276,630211(7) (10) (14) (18)
Shield Therapeutics PLCWarrantCommon Stock12/2/202512/2/2031906,4686330(5) (10) (14) (15) (18)
Shield Therapeutics PLCWarrantCommon Stock10/2/202310/2/20298,910,540531117(5) (10) (14) (15) (18)
Shield Therapeutics PLCWarrantCommon Stock6/8/20266/8/20321,765,0196766(5) (10) (14) (15) (18)
Zevra Therapeutics, Inc. (fka Acer Therapeutics, Inc.)Contractual RightContingent Value Right11/17/2023N/AN/A--(14) (15) (25)
Total Pharmaceutical, Biotechnology & Life Sciences - 0.91%*5,1934,556
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Non-Control/Non-Affiliate Investments
Warrants & Other Contractual Rights
Systems Software
Circadence CorporationWarrantSeries B Preferred Stock12/20/201812/20/20281,538,4623,630-(14)
Circadence CorporationWarrantSeries B Preferred Stock10/31/201910/31/2029384,615846-(14)
Circadence CorporationContractual RightSuccess Fee12/21/2023N/AN/A304217(14) (17)
Scale Computing, Inc.WarrantCommon Stock3/29/20193/29/20299,665,667346-(14)
Synack, Inc.WarrantCommon Stock12/29/20236/30/2032131,521168119(14)
Total Systems Software - 0.07%*5,294336
Technology Hardware & Equipment
Brivo, Inc.WarrantSeries A-2 Preferred Stock10/20/202210/20/2032201,00098165(14)
Brivo, Inc.WarrantSeries A-2 Preferred Stock12/27/202412/27/203432,1094341(14)
Dejero Labs, Inc.WarrantCommon Stock5/31/20195/31/2029333,621192167(7) (10) (14) (18)
Linxup, LLCContractual RightSuccess Fee11/3/202311/3/2033N/A253582(14) (17)
RealWear, Inc.WarrantSeries A-1 Preferred Stock10/5/201810/5/202873,74689-(14)
RealWear, Inc.WarrantCommon Stock10/5/201810/5/202838,70547-(14)
RealWear, Inc.WarrantSeries A-1 Preferred Stock12/28/201812/28/202814,74916-(14)
RealWear, Inc.WarrantCommon Stock12/28/201812/28/20287,7429-(14)
RealWear, Inc.WarrantSeries A-1 Preferred Stock6/27/20196/27/202981,251250-(14)
RealWear, Inc.WarrantCommon Stock6/27/20196/27/202942,643131-(14)
Total Technology Hardware & Equipment - 0.19%*1,128955
Total Warrants & Other Contractual Rights - 5.32%*38,69826,722
Total Non-Control/Non-Affiliate Investments - 234.65%*1,220,5371,179,315
Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes
Affiliate Investments(20)
Equity Investments
Application Software
Coginiti CorpEquityCommon Stock3/9/2020N/A1,040,1604,551-(14)
Total Application Software - 0.00%*4,551-
Total Equity Investments - 0.00%*4,551-
Warrants & Other Contractual Rights
Application Software
Coginiti CorpWarrantCommon Stock3/9/20203/9/2030811,770--(14)
Total Application Software - 0.00%* · - · -
Total Warrants & Other Contractual Rights - 0.00%* · - · -
Total Affiliate Investments - 0.00%*4,551-
Control Investments(21)
Equity Investments
Multi-Sector Holdings
Runway-Cadma I LLCEquity50% Equity Interest3/6/2024N/AN/A12,18013,035(10)
Total Multi-Sector Holdings - 2.59%*12,18013,035
Total Equity Investments - 2.59%*12,18013,035
Total Control Investments - 2.59%*12,18013,035
Total Investments - 237.24%*$1,237,268$1,192,350
Cash and Cash Equivalents and Short Term Investments
Goldman Sachs Financial Square Government Fund Institutional SharesFGTXX/38141W2738,6438,643
Cash2,1882,188
Total Cash and Cash Equivalents and Short Term Investments - 2.16%*10,83110,831
Total Investments, Cash and Cash Equivalents, and Short Term Investments - 239.40%*$1,248,099$1,203,181
(1)Disclosures of interest rates on notes include cash interest rates and payment-in-kind ("PIK") interest rates, as applicable. Unless otherwise indicated, all of the Company's variable interest debt instruments bear interest at a rate determined by reference to the U.S. Prime Rate ("PRIME") or the 1-month or 3-month Secured Overnight Financing Rate ("SOFR"). At June 30, 2026, the U.S. PRIME Rate was 6.75%, the 1-Month SOFR was 3.65%, and the 3-Month SOFR was 3.73%.
(2)The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, except as otherwise noted, are subject to limitation on resale, may be deemed to be "restricted securities" under the Securities Act, and were valued at fair value as determined in good faith by the Board of Directors (as defined in "Note 2 – Summary of Significant Accounting Policies").
(3)Investments are held at Fair Value net of the Fair Value of Unfunded Commitments. Refer to "Note 8 – Commitments, Contingencies, and Off-Balance Sheet Arrangements" for additional detail.
(4)All portfolio companies are domiciled in the United States, unless otherwise noted.
(5)Portfolio company is domiciled in the United Kingdom. Fair value of United Kingdom domiciled investments represents 11.43% of net assets.
(6)Portfolio company is domiciled in Germany. Fair value of German domiciled investments represents 12.66% of net assets.
(7)Portfolio company is domiciled in Canada. Fair value of Canadian domiciled investments represents 1.75% of net assets.
(8)Portfolio company is domiciled in the Netherlands. Fair value of Dutch domiciled investments represents 3.51% of net assets.
(9)Portfolio company is domiciled in Australia. Fair value of Australian domiciled investments represents 2.27% of net assets.
(10)Investment is not a qualifying investment as defined under Section 55(a) of the Investment Company Act of 1940, as amended. The fair value of non-qualifying assets represents 18.41% of total assets as of June 30, 2026. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. If at any time qualifying assets do not represent at least 70% of the Company's total assets, the Company will be precluded from acquiring any additional non-qualifying assets until such time as it complies with the requirements of Section 55(a).
(11)Represents a PIK security. PIK interest will be accrued and paid at maturity.
(12)Disclosures of end-of-term payments ("ETP") are one-time payments stated as a percentage of principal amount.
(13)The investment is an eligible loan investment in the collateral under the Credit Facility (as defined in "Note 7 – Borrowings").
(14)Investments are non-income producing.
(15)Portfolio company is a publicly traded company whose securities are listed on a national securities exchange.
(16)Investment is not a "restricted security" under the Securities Act.
(17)Investment is either a cash success fee payable or earnout of shares based on the consummation of certain trigger events.
(18)Investment is denominated in a foreign currency. At each balance sheet date, portfolio company investments denominated in foreign currencies are translated into U.S. dollars using the spot exchange rate on the last business day of the period. Transactions of foreign portfolio company investments, and income related from such investments, are translated into U.S. dollars using relevant rates of exchange on the respective dates of such transactions.
(19)Investment represents a security with a tiered fee that increases over time, dependent upon the timing of repayment. Such fees are recorded in "Fee income" on the Consolidated Statements of Operations.
(20)Affiliate portfolio company as defined under the 1940 Act in which the Company owns between 5% and 25% (inclusive) of the investment's voting securities and does not have rights to maintain greater than 50% representation on the board.
(21)Control portfolio company, as defined under the 1940 Act, in which the Company owns more than 25% of the investment’s voting securities or has greater than 50% representation on its board.
(22)Investment is on non-accrual status as of June 30, 2026 and is therefore considered non-income producing.
(23)The Company sold a participating interest representing $15.0 million of the aggregate outstanding principal balance of the portfolio company's senior secured loan. As the transaction did not qualify for sale accounting under applicable guidance, the Company recorded a corresponding secured borrowing, measured at fair value and included in "Secured borrowings" on the Company's Consolidated Statements of Assets and Liabilities. See "Note 2 – Summary of Significant Accounting Policies, Secured Borrowings" for additional detail.
(24)The Company has confirmed the fully diluted share count as of June 30, 2026. Based on the current share count and the contractual warrant entitlement per the warrant agreement, the Company would own 581 shares if converted as of June 30, 2026.
(25)Transfers are subject to contractual restrictions contained in the issuer’s governing documents and other applicable agreements, including rights of first refusal and other limitations on transfer.
(26)No borrowings were outstanding under the revolving loan commitment as of June 30, 2026. The negative cost represents unamortized original issue discount and other fees received in connection with the commitment.
*Fair value as a percentage of net assets.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.