Main Street Capital CORP

For the period ended Mar 31, 2024. Filed May 10, 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.

Mar 31, 2024 · Filed May 10, 2024

MAIN$57.21+0.1%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 (unaudited)—March 31,

Consolidated Schedule of Investments

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Control Investments (5)
Analytical Systems Keco Holdings, LLC · Manufacturer of Liquid and Gas Analyzers
			Secured Debt	(9)	8/16/2019		15.38%	SF+	10.00%	8/16/2024	$220		$219		$219
			Secured Debt	(9)	8/16/2019		15.38%	SF+	10.00%	8/16/2024	4,055		4,031		4,031
			Preferred Member Units		5/20/2021	2,427						2,427		5,550
			Preferred Member Units		8/16/2019	3,200	14.13%					3,200		—
			Warrants	(27)	8/16/2019	420				8/16/2029		316		—
												10,193		9,800
ASC Interests, LLC		Recreational and Educational Shooting Facility
			Secured Debt		12/31/2019		13.00%			7/31/2024	400		400		400
			Secured Debt		8/1/2013		13.00%			7/31/2024	1,650		1,650		1,598
			Preferred Member Units		6/28/2023	178						178		266
			Member Units		8/1/2013	1,500						1,500		100
												3,728		2,364
ATS Workholding, LLC	(10)	Manufacturer of Machine Cutting Tools and Accessories
			Secured Debt	(14)	11/16/2017		5.00%			9/1/2024	2,257		2,249		257
			Secured Debt	(14)	11/16/2017		5.00%			9/1/2024	3,015		2,842		343
			Preferred Member Units		11/16/2017	3,725,862						3,726		—
												8,817		600
Barfly Ventures, LLC	(10)	Casual Restaurant Group
			Secured Debt		10/15/2020		7.00%			10/31/2024	711		711		711
			Member Units		10/26/2020	37						1,584		4,620
												2,295		5,331
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt		3/7/2022		10.00%			3/7/2027	450		444		450
			Secured Debt		3/7/2022		10.00%			3/7/2027	270		270		270
			Secured Debt		3/7/2022		10.00%			3/7/2027	10,575		10,513		10,575
			Preferred Stock	(8)	3/7/2022	4,073						4,095		6,149
												15,322		17,444
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(9) (22)	12/31/2020		13.46%	SF+	8.09%	10/31/2027	103,432		102,945		103,432
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%					14,000		33,010
												116,945		136,442
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		15.48%	SF+	10.00%	1/9/2025	5,374		5,374		5,374
			Preferred Member Units	(8)	1/9/2018	2,950						4,280		5,720
												9,654		11,094

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Bridge Capital Solutions Corporation · Financial Services and Cash Flow Solutions Provider
		Secured Debt		7/25/2016		13.00%				12/11/2024	8,813		8,813		8,813
		Secured Debt		7/25/2016		13.00%				12/11/2024	1,000		1,000		1,000
		Warrants	(27)	7/25/2016	82					7/25/2026		2,132		4,290
		Preferred Member Units	(8) (29)	7/25/2016	17,742							1,000		1,000
												12,945		15,103
Café Brazil, LLC	Casual Restaurant Group
		Member Units	(8)	6/9/2006	1,233							1,742		1,909
California Splendor Holdings LLC	Processor of Frozen Fruits
		Secured Debt	(25)	3/15/2024					4.00%	7/29/2026	—		—		—
		Secured Debt		3/30/2018		14.00%			4.00%	7/29/2026	28,053		27,970		27,583
		Preferred Member Units	(8)	7/31/2019	8,671	15.00%			15.00%			9,809		9,809
		Preferred Member Units	(8)	3/30/2018	6,157							10,775		15,695
												48,554		53,087
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300		50,130
Centre Technologies Holdings, LLC	Provider of IT Hardware Services and Software Solutions
		Secured Debt	(9) (25)	1/4/2019			SF+	9.00%		1/4/2028	—		—		—
		Secured Debt	(9)	1/4/2019		14.48%	SF+	9.00%		1/4/2028	21,974		21,717		21,974
		Preferred Member Units		1/4/2019	13,309							6,122		12,149
												27,839		34,123
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2026	—		(172)		—
		Secured Debt	(9)	2/26/2018		13.49%	SF+	8.00%		2/26/2026	15,620		15,617		15,620
		Member Units	(8)	2/26/2018	4,347							11,440		29,570
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773		3,000
												28,658		48,190
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		10.00%				1/31/2026	5,694		4,799		5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963		16,040
												6,762		21,734
Clad-Rex Steel, LLC	Specialty Manufacturer of Vinyl-Clad Metal
		Secured Debt	(25)	10/28/2022						1/15/2027	—		—		—
		Secured Debt		12/20/2016		12.00%				1/15/2027	8,560		8,548		8,410
		Secured Debt		12/20/2016		10.00%				12/20/2036	1,003		995		995

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Member Units	(8)	12/20/2016	717						7,280		4,060
			Member Units	(29)	12/20/2016	800						509		950
												17,332		14,415
Cody Pools, Inc.		Designer of Residential and Commercial Pools
			Secured Debt	(25)	3/6/2020					12/17/2026	—		(17)		—
			Secured Debt		3/6/2020		12.50%			12/17/2026	41,437		41,409		41,437
			Preferred Member Units	(8) (29)	3/6/2020	587						8,317		74,200
												49,709		115,637
Colonial Electric Company LLC		Provider of Electrical Contracting Services
			Secured Debt	(25)	3/31/2021					3/31/2026	—		—		—
			Secured Debt		3/31/2021		12.00%			3/31/2026	20,055		19,971		19,971
			Preferred Member Units		6/27/2023	960						960		2,400
			Preferred Member Units		3/31/2021	17,280						7,680		8,330
												28,611		30,701
CompareNetworks Topco, LLC		Internet Publishing and Web Search Portals
			Secured Debt	(9)	1/29/2019		14.48%	SF+	9.00%	1/29/2028	3,162		3,093		3,162
			Preferred Member Units	(8)	1/29/2019	1,975						1,975		14,020
												5,068		17,182
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt	(25)	11/22/2023					11/22/2028	—		—		—
			Secured Debt		11/22/2023		13.50%			11/22/2028	17,200		17,042		17,042
			Preferred Equity		11/22/2023	7,454						7,454		7,454
												24,496		24,496
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(8) (30)	7/17/2017	38.75%						568		568
Cybermedia Technologies, LLC		IT and Digital Services Provider
			Secured Debt	(25)	5/5/2023					5/5/2028	—		—		—
			Secured Debt		5/5/2023		13.00%			5/5/2028	28,275		28,044		28,044
			Preferred Member Units	(8)	5/5/2023	556						15,000		16,020
												43,044		44,064
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		7.50%			12/31/2025	495		492		492
			Secured Debt		3/31/2021		10.00%			12/31/2025	8,285		8,042		7,557
			Preferred Member Units		3/31/2021	9,000						2,610		150
												11,144		8,199

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Digital Products Holdings LLC · Designer and Distributor of Consumer Electronics
		Secured Debt	(9)	4/1/2018		15.38%	SF+	10.00%	4/27/2026	13,420		13,327		13,260
		Preferred Member Units	(8)	4/1/2018	3,857						9,501		9,835
											22,828		23,095
Direct Marketing Solutions, Inc.	Provider of Omni-Channel Direct Marketing Services
		Secured Debt	(25)	2/13/2018					2/13/2026	—		(53)		—
		Secured Debt		12/27/2022		14.00%			2/13/2026	25,133		25,058		25,133
		Preferred Stock		2/13/2018	8,400						8,400		20,240
											33,405		45,373
Elgin AcquireCo, LLC	Manufacturer and Distributor of Engine and Chassis Components
		Secured Debt	(9) (25)	10/3/2022			SF+	6.00%	10/3/2027	—		(7)		(7)
		Secured Debt		10/3/2022		12.00%			10/3/2027	18,303		18,175		18,175
		Secured Debt		10/3/2022		9.00%			10/3/2052	6,301		6,241		6,241
		Common Stock		10/3/2022	285						5,726		6,090
		Common Stock	(29)	10/3/2022	939						1,558		1,670
											31,693		32,169
Gamber-Johnson Holdings, LLC	Manufacturer of Ruggedized Computer Mounting Systems
		Secured Debt	(9) (25) (33)	6/24/2016			SF+	7.00%	1/1/2028	—		—		—
		Secured Debt	(9) (33)	12/15/2022		10.00%	SF+	7.00%	1/1/2028	52,478		52,237		52,478
		Member Units	(8)	6/24/2016	9,042						17,692		106,550
											69,929		159,028
Garreco, LLC	Manufacturer and Supplier of Dental Products
		Secured Debt	(9) (34)	7/15/2013		9.50%	SF+	8.00%	4/30/2024	3,088		3,088		3,088
		Member Units	(8)	7/15/2013	1,200						1,200		1,580
											4,288		4,668
GRT Rubber Technologies LLC	Manufacturer of Engineered Rubber Products
		Secured Debt		12/21/2018		11.48%	SF+	6.00%	10/29/2026	2,400		2,395		2,400
		Secured Debt		12/19/2014		13.48%	SF+	8.00%	10/29/2026	40,493		40,371		40,493
		Member Units	(8)	12/19/2014	5,879						13,065		44,440
											55,831		87,333
Gulf Publishing Holdings, LLC	Energy Industry Focused Media and Publishing
		Secured Debt	(9) (25)	9/29/2017			SF+	9.50%	7/1/2027	—		—		—
		Secured Debt		7/1/2022		12.50%			7/1/2027	2,400		2,400		2,284
		Preferred Equity		7/1/2022	63,720						5,600		1,530
		Member Units		4/29/2016	3,681						3,681		—
											11,681		3,814

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (2717 MH, L.P.)	(8) (30)	10/1/2017	49.26%							3,345		6,050
			LP Interests (2717 HPP-MS, L.P.)	(30)	3/11/2022	49.26%							248		315
													3,593		6,365
Harrison Hydra-Gen, Ltd.		Manufacturer of Hydraulic Generators
			Common Stock		6/4/2010	107,456							718		4,920
IG Investor, LLC		Military and Other Tactical Gear
			Secured Debt	(25)	6/21/2023						6/21/2028	—		(33)		(33)
			Secured Debt		6/21/2023		13.00%				6/21/2028	36,824		36,516		36,516
			Common Equity		6/21/2023	14,400							14,400		14,400
													50,883		50,883
Jensen Jewelers of Idaho, LLC		Retail Jewelry Store
			Secured Debt	(25)	8/29/2017			P+	6.75%		11/14/2026	—		—		—
			Secured Debt	(9)	11/14/2006		15.25%	P+	6.75%		11/14/2026	1,900		1,900		1,900
			Member Units	(8)	11/14/2006	627							811		12,660
													2,711		14,560
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	25,650		25,496		25,496
			Preferred Equity	(8)	3/28/2022	107,406							10,741		10,741
													36,237		36,237
KBK Industries, LLC		Manufacturer of Specialty Oilfield and Industrial Products
			Secured Debt		2/24/2023		9.00%				2/24/2028	4,500		4,465		4,500
			Member Units	(8)	1/23/2006	325							783		24,360
													5,248		28,860
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		12.00%				10/31/2026	19,799		19,776		19,776
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,829		3,795		3,795
			Preferred Equity		10/31/2018	581							12,240		10,580
			Member Units	(8) (29)	10/31/2018	800							992		2,730
													36,803		36,881
Metalforming Holdings, LLC		Distributor of Sheet Metal Folding and Metal Forming Equipment
			Secured Debt	(25)	10/19/2022						10/19/2024	—		—		—
			Secured Debt		10/19/2022		11.75%				10/19/2027	22,657		22,497		22,497
			Preferred Equity	(8)	10/19/2022	5,915,585	8.00%			8.00%			5,916		6,034

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Common Stock	(8)	10/19/2022	1,537,219						1,537		2,480
												29,950		31,011
MH Corbin Holding LLC		Manufacturer and Distributor of Traffic Safety Products
			Secured Debt		8/31/2015		14.00%			12/31/2025	5,320		5,320		4,942
			Preferred Member Units		3/15/2019	66,000						4,400		330
			Preferred Member Units		9/1/2015	4,000						6,000		—
												15,720		5,272
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt		1/26/2021		5.00%			12/31/2024	2,000		2,000		2,000
			LP Interests	(8) (30)	1/26/2021	14.51%						14,250		14,527
												16,250		16,527
MS Private Loan Fund II, LP	(12) (13)	Investment Partnership
			Secured Debt	(9)	9/5/2023		8.88%	SF+	3.50%	9/5/2025	28,000		27,887		27,887
			LP Interests	(8) (30)	9/5/2023	13.57%						3,271		3,356
												31,158		31,243
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%						29,500		185,260
MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Common Equity	(8)	5/2/2022	1,604,337						12,500		12,418
Mystic Logistics Holdings, LLC		Logistics and Distribution Services Provider for Large Volume Mailers
			Secured Debt	(25)	8/18/2014					1/31/2027	—		—		—
			Secured Debt		8/18/2014		10.00%			1/31/2027	5,746		5,726		5,746
			Common Stock	(8)	8/18/2014	5,873						2,720		26,390
												8,446		32,136
NAPCO Precast, LLC		Precast Concrete Manufacturing
			Member Units		1/31/2008	2,955						2,975		12,060
Nebraska Vet AcquireCo, LLC		Mixed-Animal Veterinary and Animal Health Product Provider
			Secured Debt	(9) (25)	12/31/2020			SF+	7.00%	12/31/2025	—		—		—
			Secured Debt		12/31/2020		11.50%			12/31/2025	25,794		25,688		25,794
			Secured Debt		12/31/2020		11.50%			12/31/2025	10,500		10,462		10,500
			Preferred Member Units	(8)	12/31/2020	6,987						6,987		19,410
												43,137		55,704
NexRev LLC		Provider of Energy Efficiency Products & Services
			Secured Debt		2/28/2018		10.00%			2/28/2025	1,600		1,600		1,600
			Secured Debt		2/28/2018		10.00%			2/28/2025	9,811		9,764		9,764
			Preferred Member Units	(8)	2/28/2018	103,144,186						8,213		8,210

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
											19,577		19,574
NRP Jones, LLC	Manufacturer of Hoses, Fittings and Assemblies
		Secured Debt		12/21/2017		12.00%			3/20/2025	2,080		2,080		2,080
		Member Units	(8)	12/22/2011	65,962						114		53
		Member Units	(8)	12/22/2011							3,603		1,466
											5,797		3,599
NuStep, LLC	Designer, Manufacturer and Distributor of Fitness Equipment
		Secured Debt	(9)	1/31/2017		11.98%	SF+	6.50%	1/31/2025	3,600		3,600		3,600
		Secured Debt		1/31/2017		12.00%			1/31/2025	18,440		18,429		18,429
		Preferred Member Units		11/2/2022	2,062						2,062		5,150
		Preferred Member Units		1/31/2017	406						10,200		10,200
											34,291		37,379
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%			8/31/2026	12,000		11,942		12,000
		Preferred Member Units	(8)	4/1/2008	900						1,080		41,220
											13,022		53,220
Orttech Holdings, LLC	Distributor of Industrial Clutches, Brakes and Other Components
		Secured Debt	(9) (25)	7/30/2021			SF+	11.00%	7/31/2026	—		—		—
		Secured Debt	(9)	7/30/2021		16.48%	SF+	11.00%	7/31/2026	21,960		21,856		21,960
		Preferred Stock	(8) (29)	7/30/2021	10,000						10,000		16,340
											31,856		38,300
Pearl Meyer Topco LLC	Provider of Executive Compensation Consulting Services
		Secured Debt		4/27/2020		12.00%			12/31/2027	5,000		4,997		5,000
		Secured Debt		4/27/2020		12.00%			12/31/2027	24,000		23,938		24,000
		Secured Debt		4/27/2020		12.00%			12/31/2027	27,681		27,610		27,681
		Preferred Equity	(8)	4/27/2020	15,061						13,000		49,140
											69,545		105,821
Pinnacle TopCo, LLC	Manufacturer and Distributor of Garbage Can Liners, Poly Bags, Produce Bags, and Other Similar Products
		Secured Debt		12/21/2023		8.00%			12/31/2028	220		205		205
		Secured Debt		12/21/2023		13.00%			12/31/2028	30,640		30,354		30,354
		Preferred Equity	(8)	12/21/2023	440						12,540		12,540
											43,099		43,099
PPL RVs, Inc.	Recreational Vehicle Dealer
		Secured Debt	(9) (25)	10/31/2019			SF+	8.75%	11/15/2027	—		(7)		—
		Secured Debt	(9)	11/15/2016		14.23%	SF+	8.75%	11/15/2027	19,633		19,467		19,633
		Common Stock		6/10/2010	2,000						2,150		15,870
		Common Stock	(29)	6/14/2022	238,421						238		368
											21,848		35,871

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Principle Environmental, LLC · Noise Abatement Service Provider
		Secured Debt		7/1/2011		13.00%	11/15/2026	5,897		5,835		5,835
		Preferred Member Units	(8)	2/1/2011	21,806				5,709		10,750
		Common Stock		1/27/2021	1,037				1,200		510
									12,744		17,095
Quality Lease Service, LLC	Provider of Rigsite Accommodation Unit Rentals and Related Services
		Member Units		6/8/2015	1,000				7,546		460
River Aggregates, LLC	Processor of Construction Aggregates
		Member Units	(29)	12/20/2013	1,500				369		3,710
Robbins Bros. Jewelry, Inc.	Bridal Jewelry Retailer
		Secured Debt	(25)	12/15/2021			12/15/2026	—		(24)		(24)
		Secured Debt		12/15/2021		12.50%	12/15/2026	33,660		33,479		24,369
		Preferred Equity		12/15/2021	11,070				11,070		—
									44,525		24,345
Tedder Industries, LLC	Manufacturer of Firearm Holsters and Accessories
		Secured Debt	(17)	8/31/2018		12.00%	8/31/2023	1,840		1,840		1,726
		Secured Debt	(17)	8/31/2018		12.00%	8/31/2023	15,200		15,200		7,939
		Preferred Member Units		8/28/2023	6,954				661		—
		Preferred Member Units		2/1/2023	5,294				564		—
		Preferred Member Units		8/31/2018	544				9,245		—
									27,510		9,665
Televerde, LLC	Provider of Telemarketing and Data Services
		Preferred Stock		1/26/2022	248				718		1,794
		Member Units	(8)	1/6/2011	460				1,290		3,319
									2,008		5,113
Trantech Radiator Topco, LLC	Transformer Cooling Products and Services
		Secured Debt	(25)	5/31/2019			5/31/2027	—		(1)		—
		Secured Debt		5/31/2019		13.50%	5/31/2027	7,920		7,835		7,920
		Common Stock	(8)	5/31/2019	615				4,655		11,610
									12,489		19,530
Vision Interests, Inc.	Manufacturer / Installer of Commercial Signage
		Series A Preferred Stock		12/23/2011	3,000,000				3,000		3,000
Volusion, LLC	Provider of Online Software-as-a-Service eCommerce Solutions
		Secured Debt		3/31/2023		10.00%	3/31/2025	2,100		2,100		2,100

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Preferred Member Units		3/31/2023	5,097,595							7,631		7,250
			Preferred Member Units		3/31/2023	142,512							—		—
			Preferred Member Units		1/26/2015	4,876,670							14,000		—
			Common Stock		3/31/2023	1,802,780							2,576		—
													26,307		9,350
VVS Holdco LLC		Omnichannel Retailer of Animal Health Products
			Secured Debt	(9) (25)	12/1/2021			SF+	6.00%		12/1/2024	—		—		—
			Secured Debt		12/1/2021		11.50%				12/1/2026	28,200		28,049		28,049
			Preferred Equity	(8) (29)	12/1/2021	12,240							12,240		12,240
													40,289		40,289
Ziegler’s NYPD, LLC		Casual Restaurant Group
			Secured Debt		6/1/2015		12.00%				10/1/2024	450		450		450
			Secured Debt		10/1/2008		6.50%				10/1/2024	1,000		1,000		945
			Secured Debt		10/1/2008		14.00%				10/1/2024	2,750		2,750		1,967
			Preferred Member Units		6/30/2015	10,072							2,834		—
			Warrants	(27)	7/1/2015	587					10/1/2025		600		—
													7,634		3,362
Subtotal Control Investments (81.5% of net assets at fair value)													$1,453,666		$2,051,212
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		1/31/2023		18.00%			18.00%	6/25/2025	$460		$456		$454
			Secured Debt		12/11/2020		18.00%			18.00%	6/25/2025	15,245		15,171		15,074
			Common Stock		12/11/2020	654,743							3,148		—
			Warrants	(27)	12/11/2020	574,598					12/11/2025		—		—
													18,775		15,528
Boccella Precast Products LLC		Manufacturer of Precast Hollow Core Concrete
			Secured Debt		9/23/2021		10.00%				2/28/2027	320		320		320
			Member Units	(8)	6/30/2017	2,160,000							2,256		1,030
													2,576		1,350
Buca C, LLC		Casual Restaurant Group
			Secured Debt	(17)	6/30/2015		12.00%				8/31/2023	19,014		16,980		12,144
			Preferred Member Units		6/30/2015	6	6.00%			6.00%			4,770		—
													21,750		12,144
Career Team Holdings, LLC		Provider of Workforce Training and Career Development Services
			Secured Debt	(9) (25)	12/17/2021			SF+	6.00%		12/17/2026	—		(18)		(18)
			Secured Debt		12/17/2021		13.00%				12/17/2026	19,845		19,737		19,737
			Common Stock		12/17/2021	450,000							4,500		4,500
													24,219		24,219

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Classic H&G Holdings, LLC · Provider of Engineered Packaging Solutions
			Secured Debt	(9)	3/12/2020		11.63%	SF+	6.00%	3/12/2025	3,760		3,760		3,760
			Secured Debt		3/12/2020		8.00%			3/12/2025	19,274		19,235		19,274
			Preferred Member Units	(8)	3/12/2020	154						5,760		17,470
												28,755		40,504
Congruent Credit Opportunities Funds	(12) (13)	Investment Partnership
			LP Interests (Congruent Credit Opportunities Fund III, LP)	(8) (30)	2/4/2015	12.49%						4,299		3,822
DMA Industries, LLC		Distributor of aftermarket ride control products
			Secured Debt		11/19/2021		12.00%			11/19/2026	18,800		18,694		18,800
			Preferred Equity		11/19/2021	5,944						5,944		5,940
												24,638		24,740
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%						6,313		8,443
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%						2,005		2,631
												8,318		11,074
Dos Rios Stone Products LLC	(10)	Limestone and Sandstone Dimension Cut Stone Mining Quarries
			Class A Preferred Units	(29)	6/27/2016	2,000,000						2,000		1,580
EIG Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EIG Global Private Debt Fund-A, L.P.)	(8) (30)	11/6/2015	5,000,000						808		761
Flame King Holdings, LLC		Propane Tank and Accessories Distributor
			Preferred Equity	(8)	10/29/2021	9,360						10,400		27,900
Freeport Financial Funds	(12) (13)	Investment Partnership
			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%						2,859		2,935
			LP Interests (Freeport First Lien Loan Fund III LP)	(8) (30)	7/31/2015	5.95%						4,160		3,705
												7,019		6,640
GFG Group, LLC		Grower and Distributor of a Variety of Plants and Products to Other Wholesalers, Retailers and Garden Centers
			Secured Debt		3/31/2021		8.00%			3/31/2026	9,345		9,307		9,345

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Preferred Member Units	(8)	3/31/2021	226							4,900		9,810
													14,207		19,155
Gulf Manufacturing, LLC	(13) (21)	Manufacturer of Specialty Fabricated Industrial Piping Products
			Secured Debt	(25)	3/15/2024			SF+	7.63%		3/15/2029	—		(49)		—
			Secured Debt		3/15/2024		13.00%	SF+	7.63%		3/15/2029	40,000		39,607		40,000
			Member Units	(8)	8/31/2007	438							2,980		11,560
													42,538		51,560
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(8) (30)	8/9/2017	8.22%							2,296		4,225
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	11.61%							3,773		3,773
			LP Interests (423 COR, L.P.)	(8) (30)	6/2/2022	22.93%							1,400		1,869
			LP Interests (423 HAR, L.P.)	(30)	6/2/2023	15.60%							750		997
													8,219		10,864
Hawk Ridge Systems, LLC		Value-Added Reseller of Engineering Design and Manufacturing Solutions
			Secured Debt	(9)	12/2/2016		11.53%	SF+	6.00%		1/15/2026	1,436		1,434		1,436
			Secured Debt		12/2/2016		12.50%				1/15/2026	45,256		45,158		45,256
			Preferred Member Units	(8)	12/2/2016	226							2,850		17,890
			Preferred Member Units	(29)	12/2/2016	226							150		940
													49,592		65,522
Houston Plating and Coatings, LLC		Provider of Plating and Industrial Coating Services
			Unsecured Convertible Debt		5/1/2017		8.00%				10/2/2024	3,000		3,000		2,940
			Member Units	(8)	1/8/2003	322,297							2,352		3,210
													5,352		6,150
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407							18,300		17,910
Infinity X1 Holdings, LLC		Manufacturer and Supplier of Personal Lighting Products
			Secured Debt		3/31/2023		13.00%				3/31/2028	17,325		17,189		17,189
			Preferred Equity	(8)	3/31/2023	87,360							4,368		4,368
													21,557		21,557
Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		13.09%	SF+	7.50%		8/20/2026	13,129		12,998		12,803
			Preferred Equity	(8)	12/7/2023	3,188	10.00%			10.00%			236		309
			Common Stock		8/20/2021	9,968							1,356		300
													14,590		13,412

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Iron-Main Investments, LLC · Consumer Reporting Agency Providing Employment Background Checks and Drug Testing
		Secured Debt		8/2/2021		13.50%				1/31/2028	4,514		4,489		4,489
		Secured Debt		9/1/2021		13.50%				1/31/2028	2,940		2,923		2,923
		Secured Debt		11/15/2021		13.50%				1/31/2028	8,944		8,944		8,944
		Secured Debt		11/15/2021		13.50%				1/31/2028	19,624		19,511		19,511
		Secured Debt		1/31/2023		13.50%				1/31/2028	10,362		10,095		10,095
		Common Stock		8/3/2021	203,016							2,756		2,680
												48,718		48,642
ITA Holdings Group, LLC	Air Ambulance Services
		Secured Debt	(9)	6/21/2023		16.53%	SF+	9.00%	2.00%	6/21/2027	830		821		821
		Secured Debt	(9)	6/21/2023		16.53%	SF+	9.00%	2.00%	6/21/2027	715		702		702
		Secured Debt	(9)	6/21/2023		15.53%	SF+	8.00%	2.00%	6/21/2027	4,385		3,518		3,518
		Secured Debt	(9)	6/21/2023		17.53%	SF+	10.00%	2.00%	6/21/2027	4,385		3,518		3,518
		Warrants	(27)	6/21/2023	193,307					6/21/2033		2,091		2,091
												10,650		10,650
Johnson Downie Opco, LLC	Executive Search Services
		Secured Debt	(25)	12/10/2021						12/10/2026	—		(16)		—
		Secured Debt		12/10/2021		15.00%				12/10/2026	24,207		24,078		24,207
		Preferred Equity	(8)	12/10/2021	3,310							3,635		9,790
												27,697		33,997
OnAsset Intelligence, Inc.	Provider of Transportation Monitoring / Tracking Products and Services
		Secured Debt	(14)	4/18/2011		12.00%			12.00%	12/31/2024	4,415		4,415		1,298
		Secured Debt	(14)	5/10/2013		12.00%			12.00%	12/31/2024	2,116		2,116		622
		Secured Debt	(14)	3/21/2014		12.00%			12.00%	12/31/2024	983		983		289
		Secured Debt	(14)	5/20/2014		12.00%			12.00%	12/31/2024	964		964		283
		Unsecured Debt	(14)	6/5/2017		10.00%			10.00%	12/31/2024	305		305		305
		Preferred Stock		4/18/2011	912	7.00%			7.00%			1,981		—
		Common Stock		4/15/2021	635							830		—
		Warrants	(27)	4/18/2011	4,699					5/10/2025		1,089		—
												12,683		2,797
Oneliance, LLC	Construction Cleaning Company
		Secured Debt	(9)	8/6/2021		16.48%	SF+	11.00%		8/6/2026	5,360		5,334		5,334
		Preferred Stock		8/6/2021	1,128							1,128		1,128
												6,462		6,462
Rocaceia, LLC (Quality Lease and Rental Holdings, LLC)	Provider of Rigsite Accommodation Unit Rentals and Related Services
		Preferred Member Units		1/8/2013	250							2,500		—
SI East, LLC	Rigid Industrial Packaging Manufacturing
		Secured Debt		8/31/2018		11.25%				6/16/2028	1,125		1,108		1,125
		Secured Debt	(23)	6/16/2023		12.45%				6/16/2028	54,536		54,309		54,536

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Preferred Member Units	(8)	8/31/2018	165					1,525		19,170
											56,942		74,831
Slick Innovations, LLC		Text Message Marketing Platform
			Secured Debt		9/13/2018		14.00%		12/22/2027	18,880		18,679		18,880
			Common Stock		9/13/2018	70,000					—		1,780
											18,679		20,660
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt	(14)	12/31/2022		8.50%	8.50%	12/31/2027	5,327		4,884		1,733
			Preferred Equity		12/31/2022	5,907,649					—		—
											4,884		1,733
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Secured Debt		8/31/2020		12.00%		8/31/2025	20,500		20,438		20,438
			Preferred Member Units		8/31/2020	1,636					4,500		5,941
											24,938		26,379
The Affiliati Network, LLC		Performance Marketing Solutions
			Secured Debt	(25)	8/9/2021				8/9/2026	—		(9)		(9)
			Secured Debt		8/9/2021		13.00%		8/9/2026	7,121		7,081		6,953
			Preferred Stock		9/1/2023	236,110					236		236
			Preferred Stock	(8)	8/9/2021	1,280,000					6,400		6,400
											13,708		13,580
UnionRock Energy Fund II, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/15/2020	11.11%					3,719		5,694
UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/6/2023	—					2,493		2,838
UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Secured Convertible Debt		1/1/2021		15.00%	15.00%	6/30/2028	1,778		1,778		3,954
			Secured Convertible Debt		1/1/2021		15.00%	15.00%	6/30/2028	873		873		1,940
			Preferred Stock	(8)	8/29/2019	1,133,102	20.00%	20.00%			2,741		2,965
			Preferred Stock		8/21/2018	1,521,122	20.00%	20.00%			2,188		3,698
			Preferred Stock		6/30/2017	2,281,682	19.00%	19.00%			3,667		—
			Preferred Stock		1/15/2015	4,336,866	13.50%	13.50%			7,924		—
			Common Stock		4/1/2020	945,507					—		—
											19,171		12,557
Universal Wellhead Services Holdings, LLC	(10)	Provider of Wellhead Equipment, Designs, and Personnel to the Oil & Gas Industry

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Preferred Member Units	(29)	12/7/2016	716,949	14.00%			14.00%			1,032		100
			Member Units	(29)	12/7/2016	4,000,000							4,000		—
													5,032		100
Urgent DSO LLC		General and Emergency Dentistry Practice
			Secured Debt		2/16/2024		13.50%				2/28/2029	8,800		8,713		8,713
			Preferred Equity	(8)	2/16/2024	4,000	9.00%			9.00%			4,045		4,045
													12,758		12,758
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		12.00%				12/12/2027	12,123		12,034		12,034
			Preferred Equity	(8)	12/12/2022	3,845							3,845		3,845
													15,879		15,879
Subtotal Affiliate Investments (26.5% of net assets at fair value)													$614,825		$665,949
Non-Control Investments (7)
AB Centers Acquisition Corporation	(10)	Applied Behavior Analysis Therapy Provider
			Secured Debt	(9) (25)	9/6/2022			P+	5.00%		9/6/2028	$—		$(58)		$—
			Secured Debt	(9) (26)	9/6/2022		11.43%	SF+	6.00%		9/6/2028	4,173		4,115		4,173
			Secured Debt	(9)	9/6/2022		11.43%	SF+	6.00%		9/6/2028	19,767		19,281		19,767
			Secured Debt	(9)	6/21/2023		11.43%	SF+	6.00%		9/6/2028	1,369		1,306		1,369
													24,644		25,309
Acumera, Inc.	(10)	Managed Security Service Provider
			Secured Debt	(9) (25)	6/7/2023			SF+	7.00%		6/7/2028	—		(2)		(2)
			Secured Debt	(9)	6/7/2023		12.43%	SF+	7.00%		6/7/2028	24,639		24,384		24,639
			Warrants	(35)	6/7/2023	17,525					5/19/2028		—		110
													24,382		24,747
Adams Publishing Group, LLC	(10)	Local Newspaper Operator
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	7.00%	1.00%	3/11/2027	7,861		7,861		7,562
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	7.00%	1.00%	3/11/2027	20,621		20,585		19,838
													28,446		27,400
ADS Tactical, Inc.	(11)	Value-Added Logistics and Supply Chain Provider to the Defense Industry
			Secured Debt	(9)	3/29/2021		11.19%	SF+	5.75%		3/19/2026	6,500		6,455		6,535
AMEREQUIP LLC	(10)	Full Services Provider Including Design, Engineering and Manufacturing of Commercial and Agricultural Equipment
			Common Stock	(8)	8/31/2022	235							1,844		2,120
American Health Staffing Group, Inc.	(10)	Healthcare Temporary Staffing

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9) (25)	11/19/2021			P+	5.00%		11/19/2026	—		(7)		(7)
			Secured Debt	(9)	11/19/2021		11.61%	SF+	6.00%		11/19/2026	6,533		6,498		6,533
													6,491		6,526
American Nuts, LLC	(10)	Roaster, Mixer and Packager of Bulk Nuts and Seeds
			Secured Debt	(9)	3/11/2022		15.23%	SF+	9.75%	15.23%	4/10/2026	6,708		6,665		5,405
			Secured Debt	(9)	3/11/2022		15.23%	SF+	9.75%	15.23%	4/10/2026	10,915		10,832		8,794
			Secured Debt	(9) (14)	3/11/2022		17.23%	SF+	11.75%	17.23%	4/10/2026	5,705		5,645		3,305
			Secured Debt	(9) (14)	3/11/2022		17.23%	SF+	11.75%	17.23%	4/10/2026	9,283		9,169		5,378
													32,311		22,882
American Teleconferencing Services, Ltd.	(11)	Provider of Audio Conferencing and Video Collaboration Solutions
			Secured Debt	(14) (17)	9/17/2021						4/7/2023	3,166		2,989		76
			Secured Debt	(14) (17)	5/19/2016						6/8/2023	15,489		13,758		374
													16,747		450
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt		11/6/2023		15.00%			15.00%	11/6/2028	3,676		3,676		3,676
			Secured Debt	(9)	11/6/2023		11.94%	SF+	6.50%	12.04%	11/6/2028	7,367		7,367		7,367
			Preferred Equity		11/6/2023	32,507							14,060		13,509
			Preferred Equity		11/6/2023	32,507							—		—
			Common Equity		11/9/2021	3,898							234		—
													25,337		24,552
Archer Systems, LLC	(10)	Mass Tort Settlement Administration Solutions Provider
			Common Stock		8/11/2022	1,387,832							1,388		2,060
ATS Operating, LLC	(10)	For-Profit Thrift Retailer
			Secured Debt	(9)	1/18/2022		12.09%	SF+	6.50%		1/18/2027	360		360		360
			Secured Debt	(9)	1/18/2022		11.09%	SF+	5.50%		1/18/2027	6,660		6,660		6,660
			Secured Debt	(9)	1/18/2022		13.09%	SF+	7.50%		1/18/2027	6,660		6,660		6,660
			Common Stock		1/18/2022	720,000							720		720
													14,400		14,400
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO Provider
			Secured Debt	(9) (25)	12/23/2022			SF+	7.25%		12/23/2027	—		(112)		(112)
			Secured Debt	(9)	12/23/2022		12.71%	SF+	7.25%		12/23/2027	24,539		23,802		24,272
			Common Equity	(8)	12/15/2021	984							965		892
													24,655		25,052
Berry Aviation, Inc.	(10)	Charter Airline Services
			Preferred Member Units	(29)	11/12/2019	122,416							—		70
			Preferred Member Units	(8) (29)	7/6/2018	1,548,387							—		880
			Preferred Member Units		3/8/2024	293,007							293		1,049
													293		1,999

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Bettercloud, Inc.	(10)	SaaS Provider of Workflow Management and Business Application Solutions
			Secured Debt	(9) (25)	6/30/2022			SF+	7.25%		6/30/2028	—		(59)		(59)
			Secured Debt	(9)	6/30/2022		12.59%	SF+	7.25%	6.25%	6/30/2028	29,870		29,495		28,386
													29,436		28,327
Binswanger Enterprises, LLC	(10)	Glass Repair and Installation Service Provider
			Member Units		3/10/2017	1,050,000							1,050		500
Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt	(9) (25)	2/16/2024			SF+	8.50%		8/28/2025	—		—		—
			Secured Debt	(9)	10/19/2022		16.00%	P+	7.50%	15.00%	8/28/2025	3,109		3,109		2,844
			Secured Debt	(9)	8/28/2020		13.94%	SF+	8.50%	12.94%	8/28/2025	3,798		3,288		3,475
			Common Stock		10/1/2020	723,184							1		70
			Warrants	(27)	10/19/2022	163,295					10/19/2032		1,036		20
													7,434		6,409
Bond Brand Loyalty ULC	(10) (13) (21)	Provider of Loyalty Marketing Services
			Secured Debt	(9) (25)	5/1/2023			SF+	7.00%		5/1/2028	—		(23)		(23)
			Secured Debt	(9)	5/1/2023		11.48%	SF+	6.00%		5/1/2028	6,389		6,285		6,389
			Secured Debt	(9)	5/1/2023		13.48%	SF+	8.00%		5/1/2028	6,389		6,285		6,389
			Preferred Equity		5/1/2023	571							571		500
			Common Equity		5/1/2023	571							—		—
													13,118		13,255
BP Loenbro Holdings Inc.	(10)	Specialty Industrial Maintenance Services
			Secured Debt	(9) (25)	2/1/2024			SF+	6.25%		2/1/2029	—		(52)		(52)
			Secured Debt	(9) (25)	2/1/2024			SF+	6.25%		2/1/2029	—		(26)		(26)
			Secured Debt	(9)	2/1/2024		11.66%	SF+	6.25%		2/1/2029	26,673		26,157		26,157
			Common Equity		2/1/2024	2,333,333							2,333		2,333
													28,412		28,412
Brainworks Software, LLC	(10)	Advertising Sales and Newspaper Circulation Software
			Secured Debt	(9) (14) (17)	8/12/2014		15.75%	P+	7.25%		7/22/2019	761		761		761
			Secured Debt	(9) (14) (17)	8/12/2014		15.75%	P+	7.25%		7/22/2019	7,056		7,056		921
													7,817		1,682
Brightwood Capital Fund Investments	(12) (13)	Investment Partnership
			LP Interests (Brightwood Capital Fund III, LP)	(30)	7/21/2014	—							6,290		4,034
			LP Interests (Brightwood Capital Fund IV, LP)	(8) (30)	10/26/2016	—							4,350		4,358

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	—						2,000		2,211
												12,640		10,603
Burning Glass Intermediate Holding Company, Inc.	(10)	Provider of Skills-Based Labor Market Analytics
			Secured Debt	(9) (25)	6/14/2021			SF+	5.00%	6/10/2026	—		(18)		—
			Secured Debt	(9)	6/14/2021		10.43%	SF+	5.00%	6/10/2028	20,256		20,043		20,256
												20,025		20,256
CAI Software LLC		Provider of Specialized Enterprise Resource Planning Software
			Preferred Equity		12/13/2021	2,142,167						2,142		2,142
			Preferred Equity		12/13/2021	596,176						—		—
												2,142		2,142
CaseWorthy, Inc.	(10)	SaaS Provider of Case Management Solutions
			Secured Debt	(9) (25)	5/18/2022			SF+	6.00%	5/18/2027	—		(8)		(8)
			Secured Debt	(9)	5/18/2022		11.56%	SF+	6.00%	5/18/2027	7,913		7,857		7,913
			Secured Debt	(9)	5/18/2022		11.56%	SF+	6.00%	5/18/2027	6,087		6,049		6,087
			Common Equity		12/30/2022	245,926						246		246
												14,144		14,238
Central Moloney, LLC	(10)	Manufacturer of Electricity Transformers and Related Equipment
			Secured Debt	(9)	2/9/2024		12.05%	SF+	6.75%	10/20/2028	45,000		44,132		44,132
Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9)	2/7/2022		12.56%	SF+	7.00%	2/7/2027	1,657		1,501		1,575
			Secured Debt	(9)	2/7/2022		12.58%	SF+	7.00%	2/7/2027	36,447		36,021		34,630
			Secured Debt	(9)	6/24/2022		12.58%	SF+	7.00%	2/7/2027	2,019		1,996		1,919
			Secured Debt	(9)	3/27/2023		12.58%	SF+	7.00%	2/7/2027	4,880		4,788		4,637
												44,306		42,761
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17)	9/23/2014					1/5/2015	2,677		2,677		16
Computer Data Source, LLC	(10)	Third Party Maintenance Provider to the Data Center Ecosystem
			Secured Debt	(9) (32)	8/6/2021		13.47%	SF+	8.00%	8/6/2026	5,000		4,878		4,887
			Secured Debt	(9) (25)	3/29/2024			SF+	8.00%	8/6/2026	—		(167)		(167)
			Secured Debt	(9)	8/6/2021		13.46%	SF+	8.00%	8/6/2026	18,244		18,069		17,830
												22,780		22,550
Construction Supply Investments, LLC	(10)	Distribution Platform of Specialty Construction Materials to Professional Concrete and Masonry Contractors

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Member Units		12/29/2016	861,618							3,335		22,430
Corel Corporation	(11) (13) (21)	Publisher of Desktop and Cloud-based Software
			Secured Debt	(9)	7/24/2019		10.44%	SF+	5.00%		7/2/2026	1,215		1,196		1,198
CQ Fluency, LLC	(10)	Global Language Services Provider
			Secured Debt	(9) (25)	12/27/2023			SF+	7.00%		6/27/2027	—		(61)		(61)
			Secured Debt	(9) (25)	12/27/2023			SF+	7.00%		6/27/2027	—		(61)		(61)
			Secured Debt	(9)	12/27/2023		12.41%	SF+	7.00%		6/27/2027	11,250		10,944		11,028
													10,822		10,906
Dalton US Inc.	(10)	Provider of Supplemental Labor Services
			Common Stock		8/16/2022	515							720		830
DTE Enterprises, LLC	(10)	Industrial Powertrain Repair and Services
			Class AA Preferred Member Units (non-voting)	(8)	4/13/2018		10.00%			10.00%			1,316		855
			Class A Preferred Member Units		4/13/2018	776,316	8.00%			8.00%			776		—
													2,092		855
Dynamic Communities, LLC	(10)	Developer of Business Events and Online Community Groups
			Secured Debt	(9)	12/20/2022		10.43%	SF+	5.00%	10.43%	12/31/2026	2,125		1,967		1,967
			Secured Debt	(9)	12/20/2022		12.43%	SF+	7.00%	12.43%	12/31/2026	2,180		1,946		1,926
			Preferred Equity		12/20/2022	125,000							128		60
			Preferred Equity		12/20/2022	2,376,241							—		—
			Common Equity		12/20/2022	1,250,000							—		—
													4,041		3,953
Eastern Wholesale Fence LLC	(10)	Manufacturer and Distributor of Residential and Commercial Fencing Solutions
			Secured Debt	(9) (32)	11/19/2020		13.45%	SF+	8.00%		10/30/2025	2,974		2,934		2,883
			Secured Debt	(9)	11/19/2020		13.45%	SF+	8.00%		10/30/2025	4,402		4,365		4,268
			Secured Debt	(9)	11/19/2020		13.45%	SF+	8.00%		10/30/2025	8,781		8,700		8,512
			Secured Debt	(9)	4/20/2021		13.45%	SF+	8.00%		10/30/2025	1,821		1,807		1,765
			Secured Debt	(9)	10/14/2021		13.45%	SF+	8.00%		10/30/2025	9,964		9,886		9,660
													27,692		27,088
Emerald Technologies Acquisition Co, Inc.	(11)	Design & Manufacturing
			Secured Debt	(9)	2/10/2022		11.74%	SF+	6.25%		12/29/2027	9,780		9,587		8,998

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
EnCap Energy Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EnCap Energy Capital Fund VIII, L.P.)	(8) (30)	1/22/2015	0.14%							3,567		1,843
			LP Interests (EnCap Energy Capital Fund VIII Co-Investors, L.P.)	(8) (30)	1/21/2015	0.38%							1,980		898
			LP Interests (EnCap Energy Capital Fund IX, L.P.)	(8) (30)	1/22/2015	0.10%							3,119		921
			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%							6,934		5,672
			LP Interests (EnCap Energy Capital Fund XII, L.P.)	(30)	8/31/2023	0.49%							2,690		2,690
			LP Interests (EnCap Flatrock Midstream Fund II, L.P.)	(8) (30)	3/30/2015	0.84%							5,083		1,513
			LP Interests (EnCap Flatrock Midstream Fund III, L.P.)	(8) (30)	3/27/2015	0.25%							4,402		3,963
													27,775		17,500
Engineering Research & Consulting, LLC	(10)	Provider of Engineering & Consulting Services to US Department of Defense
			Secured Debt	(9) (32)	5/23/2022		13.75%	P+	5.25%		5/23/2027	557		524		557
			Secured Debt	(9)	5/23/2022		11.66%	SF+	6.25%		5/23/2028	16,093		15,872		15,912
													16,396		16,469
Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (25)	4/7/2023			SF+	8.00%		4/7/2029	—		(33)		(33)
			Secured Debt	(9)	4/7/2023		13.40%	SF+	8.00%		4/7/2029	26,247		25,586		26,247
			Common Equity		4/7/2023	649,794							663		780
													26,216		26,994
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems
			Secured Debt	(9)	12/22/2021		13.56%	SF+	8.00%		12/22/2026	3,692		3,672		3,643
			Secured Debt	(9)	12/22/2021		13.56%	SF+	8.00%	8.00%	12/22/2026	45,062		44,821		44,461
													48,493		48,104
Fuse, LLC	(11)	Cable Networks Operator
			Secured Debt		6/30/2019		12.00%				12/31/2026	1,810		1,810		1,231
			Common Stock		6/30/2019	10,429							256		—
													2,066		1,231
Garyline, LLC	(10)	Manufacturer of Consumer Plastic Products
			Secured Debt	(9)	11/10/2023		12.17%	SF+	6.75%		11/10/2028	706		463		699
			Secured Debt	(9)	11/10/2023		12.17%	SF+	6.75%		11/10/2028	32,389		31,496		32,066
			Common Equity		11/10/2023	705,882							706		706
													32,665		33,471
GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9)	10/18/2019		11.93%	SF+	6.50%		4/2/2025	1,364		1,360		1,364
			Secured Debt	(9) (25)	10/18/2019			SF+	6.50%		4/2/2025	—		(7)		(7)
			Secured Debt	(9)	10/18/2019		11.93%	SF+	6.50%		4/2/2025	10,596		10,581		10,596
			Secured Debt	(9)	9/15/2023		11.93%	SF+	6.50%		4/2/2025	950		950		950
			Secured Debt	(9)	12/22/2023		11.93%	SF+	6.50%		4/2/2025	227		224		227
													13,108		13,130
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (32)	9/30/2022		11.46%	SF+	6.00%		9/30/2028	454		439		450
			Secured Debt	(9)	9/30/2022		11.48%	SF+	6.00%		9/30/2028	300		286		297
			Secured Debt	(9)	9/30/2022		11.45%	SF+	6.00%		9/30/2028	3,606		3,551		3,567
													4,276		4,314
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9)	3/7/2024		9.07%	SF+	3.50%	2.50%	6/21/2026	2,378		2,232		2,232
			Secured Debt	(14)	3/7/2024		2.50%		2.50%	2.50%	6/21/2026	1,626		713		713
			Common Equity		3/7/2024	64,029							—		—
													2,945		2,945
HEADLANDS OP-CO LLC	(10)	Clinical Trial Sites Operator
			Secured Debt	(9) (25)	8/1/2022			SF+	6.50%		8/1/2027	—		(45)		(45)
			Secured Debt	(9)	8/1/2022		11.83%	SF+	6.50%		8/1/2027	6,716		6,613		6,716
			Secured Debt	(9)	8/1/2022		11.83%	SF+	6.50%		8/1/2027	16,580		16,359		16,580
													22,927		23,251
HOWLCO LLC	(11) (13) (21)	Provider of Accounting and Business Development Software to Real Estate End Markets
			Secured Debt	(9)	8/19/2021		11.98%	SF+	6.50%	3.50%	10/23/2026	25,552		25,552		25,049
Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel
			Secured Debt	(9)	6/30/2021		15.84%	SF+	8.25%	2.00%	6/30/2026	7,204		7,082		7,056
IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9) (25)	7/30/2021			SF+	5.75%		7/30/2026	—		(18)		—
			Secured Debt	(9)	7/30/2021		10.93%	SF+	5.50%		7/30/2028	10,315		10,216		10,315
			Secured Debt	(9)	7/30/2021		10.93%	SF+	5.50%		7/30/2028	4,941		4,889		4,941
													15,087		15,256
Imaging Business Machines, L.L.C.	(10)	Technology Hardware & Equipment
			Secured Debt	(9) (32)	6/8/2023		12.27%	SF+	7.00%		6/30/2028	1,186		1,109		1,186
			Secured Debt	(9)	6/8/2023		12.25%	SF+	7.00%		6/30/2028	20,716		20,196		20,716
			Common Equity		6/8/2023	849							1,166		1,210

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
													22,471		23,112
Implus Footcare, LLC	(10)	Provider of Footwear and Related Accessories
			Secured Debt	(9)	6/1/2017		14.21%	SF+	7.75%	1.00%	7/31/2024	18,646		18,620		17,620
Infolinks Media Buyco, LLC	(10)	Exclusive Placement Provider to the Advertising Ecosystem
			Secured Debt	(9)	11/1/2021		11.18%	SF+	5.75%		11/1/2026	1,501		1,478		1,501
			Secured Debt	(9)	11/1/2021		11.18%	SF+	5.75%		11/1/2026	7,651		7,570		7,651
													9,048		9,152
Insight Borrower Corporation	(10)	Test, Inspection, and Certification Instrument Provider
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2028	—		(66)		(66)
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2029	—		(54)		(54)
			Secured Debt	(9)	7/19/2023		11.56%	SF+	6.25%		7/19/2029	14,370		13,991		14,124
			Common Equity		7/19/2023	131,100							656		430
													14,527		14,434
Inspire Aesthetics Management, LLC	(10)	Surgical and Non-Surgical Plastic Surgery and Aesthetics Provider
			Secured Debt	(9) (32)	4/3/2023		13.44%	SF+	8.00%		4/3/2028	790		771		762
			Secured Debt	(9)	4/3/2023		13.48%	SF+	8.00%		4/3/2028	7,289		7,137		7,028
			Secured Debt	(9)	6/14/2023		13.48%	SF+	8.00%		4/3/2028	2,932		2,875		2,827
			Common Equity		4/3/2023	131,569							417		240
													11,200		10,857
Interface Security Systems, L.L.C	(10)	Commercial Security & Alarm Services
			Secured Debt	(17) (32)	12/9/2021		15.43%	SF+	10.00%		8/7/2023	1,835		1,835		1,680
			Secured Debt	(9) (14) (17)	8/7/2019		12.43%	SF+	7.00%	12.43%	8/7/2023	7,313		7,237		17
			Common Stock		12/7/2021	2,143							—		—
													9,072		1,697
Intermedia Holdings, Inc.	(11)	Unified Communications as a Service
			Secured Debt	(9)	8/3/2018		11.43%	SF+	6.00%		7/19/2025	26,957		26,916		26,957
Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats
			Secured Debt	(9)	8/28/2019		11.96%	SF+	6.50%		8/28/2025	104		101		103
			Secured Debt	(9)	8/28/2019		11.96%	SF+	6.50%		8/28/2025	16,812		16,757		16,615
													16,858		16,718
INW Manufacturing, LLC	(11)	Manufacturer of Nutrition and Wellness Products
			Secured Debt	(9)	5/19/2021		11.31%	SF+	5.75%		3/25/2027	7,088		6,880		5,670

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Isagenix International, LLC	(11)	Direct Marketer of Health & Wellness Products
			Secured Debt	(9)	4/13/2023		11.03%	SF+	5.50%	8.54%	4/14/2028	2,945		2,696		2,576
			Common Equity		4/13/2023	198,743							—		—
													2,696		2,576
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9) (26)	10/26/2022		12.46%	SF+	7.00%		11/4/2024	834		825		834
			Secured Debt	(9)	2/27/2024		15.48%	SF+	10.00%		11/4/2024	159		144		144
			Secured Debt	(9)	11/8/2021		12.46%	SF+	7.00%		11/4/2024	1,948		1,948		1,948
			Preferred Equity		11/8/2021	2,826,667							110		1,090
													3,027		4,016
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(9) (14)	8/21/2019		21.59%	SF+	16.00%	21.59%	8/21/2024	1,134		1,134		—
			Secured Debt	(9) (14)	8/21/2019		21.59%	SF+	16.00%	21.59%	8/21/2024	1,091		1,091		—
			Secured Debt	(9)	3/30/2024		14.31%	SF+	8.75%	6.00%	3/29/2029	1,945		1,945		1,945
			Secured Debt	(9)	3/30/2024		14.31%	SF+	8.75%	6.00%	3/29/2029	1,182		1,182		1,182
			Common Stock		8/21/2019	472,579							4,429		—
			Common Stock		3/29/2024	5,461,019							200		200
													9,981		3,327
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9) (32)	12/22/2021		11.57%	SF+	6.00%		12/22/2026	7,347		7,255		7,347
			Secured Debt	(9)	12/22/2021		11.55%	SF+	6.00%		12/22/2026	35,763		35,362		35,763
			Secured Debt	(9)	2/1/2024		11.55%	SF+	6.00%		12/22/2026	3,347		3,252		3,347
			Common Equity		12/22/2021	1,684,211							1,684		1,270
													47,553		47,727
KMS, LLC	(10)	Wholesaler of Closeout and Value-priced Products
			Secured Debt	(9)	10/4/2021		14.70%	SF+	9.25%		10/4/2026	1,031		1,002		958
			Secured Debt	(9)	10/4/2021		14.70%	SF+	9.25%		10/4/2026	7,429		7,353		6,901
													8,355		7,859
Lightbox Holdings, L.P.	(11)	Provider of Commercial Real Estate Software
			Secured Debt		5/9/2019		10.56%	SF+	5.00%		5/9/2026	15,648		15,530		15,179
LKCM Headwater Investments I, L.P.	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	1/25/2013	2.27%							1,746		2,841
LL Management, Inc.	(10)	Medical Transportation Service Provider
			Secured Debt	(9)	5/2/2019		12.68%	SF+	7.25%		9/25/2024	8,647		8,634		8,647

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9)	5/2/2019		12.68%	SF+	7.25%		9/25/2024	5,526		5,516		5,526
			Secured Debt	(9)	11/20/2020		12.68%	SF+	7.25%		9/25/2024	2,900		2,894		2,900
			Secured Debt	(9)	2/26/2021		12.68%	SF+	7.25%		9/25/2024	1,126		1,125		1,126
			Secured Debt	(9)	5/12/2022		12.68%	SF+	7.25%		9/25/2024	11,409		11,385		11,409
													29,554		29,608
LLFlex, LLC	(10)	Provider of Metal-Based Laminates
			Secured Debt	(9)	8/16/2021		15.48%	SF+	9.00%	1.00%	8/16/2026	4,416		4,335		4,072
Logix Acquisition Company, LLC	(10)	Competitive Local Exchange Carrier
			Secured Debt	(9)	1/8/2018		13.25%	P+	4.75%		12/22/2024	24,809		23,998		19,235
Looking Glass Investments, LLC	(12) (13)	Specialty Consumer Finance
			Member Units		7/1/2015	3							125		25
Mako Steel, LP	(10)	Self-Storage Design & Construction
			Secured Debt	(9) (25)	3/15/2021			SF+	6.75%		3/15/2026	—		(25)		—
			Secured Debt	(9)	3/15/2021		12.23%	SF+	6.75%		3/15/2026	14,853		14,734		14,853
			Secured Debt	(9)	3/28/2024		12.98%	SF+	7.50%		3/15/2026	4,500		4,369		4,500
													19,078		19,353
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25)	4/4/2022			SF+	6.25%		4/3/2028	—		(48)		(48)
			Secured Debt	(9)	4/4/2022		11.43%	SF+	6.00%		4/3/2028	22,168		21,873		22,168
													21,825		22,120
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9)	10/24/2018		12.46%	SF+	7.00%		12/31/2026	22,495		22,103		21,888
Mini Melts of America, LLC	(10)	Manufacturer and Distributor of Branded Premium Beaded Ice Cream
			Secured Debt	(9) (32)	11/30/2023		11.57%	SF+	6.25%		11/30/2028	827		787		793
			Secured Debt	(9) (26)	11/30/2023		11.58%	SF+	6.25%		11/30/2028	712		688		683
			Secured Debt	(9)	11/30/2023		10.59%	SF+	5.25%		11/30/2028	4,941		4,831		4,892
			Secured Debt	(9)	11/30/2023		12.59%	SF+	7.25%		11/30/2028	4,941		4,826		4,892
			Common Equity		11/30/2023	459,657							460		460
													11,592		11,720
MonitorUS Holding, LLC	(10) (13) (21)	SaaS Provider of Media Intelligence Services
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	3,928		3,882		3,887
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	10,314		10,182		11,021
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	17,387		17,177		17,387

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Unsecured Debt		11/14/2023		8.00%			8.00%	3/31/2025	160		160		160
			Common Stock		8/30/2022	44,445,814							889		678
													32,290		33,133
NinjaTrader, LLC	(10)	Operator of Futures Trading Platform
			Secured Debt	(9) (25)	12/18/2019			SF+	7.00%		12/18/2026	—		(8)		(8)
			Secured Debt	(9) (25)	12/18/2019			SF+	7.00%		12/18/2026	—		—		—
			Secured Debt	(9)	12/18/2019		12.48%	SF+	7.00%		12/18/2026	28,786		28,470		28,786
													28,462		28,778
Obra Capital, Inc	(11)	Alternative Asset Manager
			Secured Debt		10/10/2019		11.44%	SF+	6.00%		10/1/2026	17,463		16,642		15,258
Ospemifene Royalty Sub LLC	(10)	Estrogen-Deficiency Drug Manufacturer and Distributor
			Secured Debt	(14)	7/8/2013						11/15/2026	4,432		4,432		46
Power System Solutions	(10)	Backup Power Generation
			Secured Debt	(9) (25)	6/7/2023			SF+	6.50%		6/7/2028	—		(77)		(77)
			Secured Debt	(9)	6/7/2023		11.82%	SF+	6.50%		6/7/2028	6,170		6,004		6,170
			Secured Debt	(9)	6/7/2023		11.80%	SF+	6.50%		6/7/2028	18,372		17,913		18,372
			Common Equity		6/7/2023	1,234							1,234		1,690
													25,074		26,155
PrimeFlight Aviation Services	(10)	Air Freight & Logistics
			Secured Debt	(9)	5/1/2023		12.28%	SF+	6.85%		5/1/2029	7,940		7,740		7,940
			Secured Debt	(9)	9/7/2023		12.15%	SF+	6.85%		5/1/2029	758		737		758
			Secured Debt	(9)	1/30/2024		11.55%	SF+	6.25%		5/1/2029	762		748		762
													9,225		9,460
PTL US Bidco, Inc	(10) (13) (21)	Manufacturers of Equipment, Including Drilling Rigs and Equipment, and Providers of Supplies and Services to Companies Involved In the Drilling, Evaluation and Completion of Oil and Gas Wells
			Secured Debt	(9) (32)	8/19/2022		12.77%	SF+	7.25%		8/19/2027	3,022		2,894		3,022
			Secured Debt	(9)	8/19/2022		12.84%	SF+	7.25%		8/19/2027	21,707		21,406		21,707
													24,300		24,729
Purge Rite, LLC	(10)	HVAC Flushing and Filtration Services
			Secured Debt	(9) (25)	10/2/2023			SF+	8.00%		10/2/2028	—		(44)		(44)
			Secured Debt	(9)	10/2/2023		13.64%	SF+	8.00%		10/2/2028	9,844		9,622		9,745
			Preferred Equity		10/2/2023	3,281,250							3,281		3,281
													12,859		12,982
RA Outdoors LLC	(10)	Software Solutions Provider for Outdoor Activity Management
			Secured Debt	(9) (32)	4/8/2021		12.33%	SF+	6.75%		4/8/2026	1,278		1,271		1,209

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9)	4/8/2021		12.18%	SF+	6.75%		4/8/2026	13,369		13,290		12,645
													14,561		13,854
Research Now Group, Inc. and Survey Sampling International, LLC	(11)	Provider of Outsourced Online Surveying
			Secured Debt	(9)	12/29/2017		11.07%	SF+	5.50%		12/20/2024	20,814		20,277		12,560
Richardson Sales Solutions	(10)	Business Services
			Secured Debt	(9)	8/24/2023		11.82%	SF+	6.50%		8/24/2028	1,727		1,652		1,714
			Secured Debt	(9)	8/24/2023		11.82%	SF+	6.50%		8/24/2028	39,850		38,672		39,552
													40,324		41,266
Roof Opco, LLC	(10)	Residential Re-Roofing/Repair
			Secured Debt	(9) (25)	8/27/2021			SF+	6.50%		8/27/2026	—		(7)		—
			Secured Debt	(9)	8/27/2021		12.09%	SF+	6.50%		8/27/2026	3,376		3,333		3,318
			Secured Debt	(9)	8/27/2021		14.09%	SF+	8.50%		8/27/2026	3,376		3,333		3,270
													6,659		6,588
RTIC Subsidiary Holdings, LLC	(10)	Direct-To-Consumer eCommerce Provider of Outdoor Products
			Secured Debt	(9)	9/1/2020		13.17%	SF+	7.75%		9/1/2025	2,671		2,661		2,639
			Secured Debt	(9)	9/1/2020		13.18%	SF+	7.75%		9/1/2025	13,664		13,613		13,500
			Secured Debt	(9)	9/1/2020		13.18%	SF+	7.75%		9/1/2025	548		546		541
													16,820		16,680
Rug Doctor, LLC.	(10)	Carpet Cleaning Products and Machinery
			Secured Debt	(9)	7/16/2021		13.24%	SF+	5.75%	2.00%	11/16/2025	5,799		5,782		5,799
			Secured Debt	(9)	7/16/2021		13.24%	SF+	5.75%	2.00%	11/16/2025	7,954		7,901		7,954
													13,683		13,753
South Coast Terminals Holdings, LLC	(10)	Specialty Toll Chemical Manufacturer
			Secured Debt	(9) (25)	12/10/2021			SF+	6.00%		12/13/2026	—		(48)		(48)
			Secured Debt	(9)	12/10/2021		11.43%	SF+	6.00%		12/13/2026	33,249		32,888		33,249
			Common Equity		12/10/2021	864							864		835
													33,704		34,036
SPAU Holdings, LLC	(10)	Digital Photo Product Provider
			Secured Debt	(9)	7/1/2022		12.96%	SF+	7.50%		7/1/2027	958		917		958
			Secured Debt	(9)	7/1/2022		12.96%	SF+	7.50%		7/1/2027	15,688		15,482		15,688
			Common Stock		7/1/2022	638,710							639		610
													17,038		17,256
Stellant Systems, Inc.	(11)	Manufacturer of Traveling Wave Tubes and Vacuum Electronic Devices
			Secured Debt	(9)	10/22/2021		11.04%	SF+	5.50%		10/1/2028	7,975		7,929		8,005
			Secured Debt	(9)	11/7/2023		11.19%	SF+	5.75%		10/1/2028	9,154		8,908		9,188
													16,837		17,193

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Team Public Choices, LLC	(11)	Home-Based Care Employment Service Provider
			Secured Debt	(9)	12/22/2020		10.58%	SF+	5.00%		12/18/2027	14,766		14,564		14,785
Tectonic Financial, LLC		Financial Services Organization
			Common Stock	(8)	5/15/2017	200,000							2,000		5,030
Tex Tech Tennis, LLC	(10)	Sporting Goods & Textiles
			Preferred Equity	(29)	7/7/2021	1,000,000							1,000		2,680
Titan Meter Midco Corp.	(10)	Value Added Distributor of a Variety of Metering and Measurement Products and Solutions to the Energy Industry
			Secured Debt	(9) (25)	3/11/2024			SF+	6.50%		3/11/2029	—		(124)		(124)
			Secured Debt	(9)	3/11/2024		11.82%	SF+	6.50%		3/11/2029	34,183		33,007		33,007
			Preferred Equity		3/11/2024	1,218,750							1,219		1,219
													34,102		34,102
U.S. TelePacific Corp.	(11)	Provider of Communications and Managed Services
			Secured Debt	(9) (14)	6/1/2023		12.49%	SF+	7.15%	6.00%	5/2/2027	9,900		3,657		3,790
			Secured Debt	(14)	6/1/2023						5/2/2027	1,003		20		—
													3,677		3,790
USA DeBusk LLC	(10)	Provider of Industrial Cleaning Services
			Secured Debt	(9)	10/22/2019		11.43%	SF+	6.00%		9/8/2026	23,065		22,807		23,065
			Secured Debt	(9)	7/19/2023		11.93%	SF+	6.50%		9/8/2026	8,972		8,832		8,972
			Secured Debt	(9)	11/21/2023		11.93%	SF+	6.50%		9/8/2026	4,677		4,598		4,677
													36,237		36,714
UserZoom Technologies, Inc.	(10)	Provider of User Experience Research Automation Software
			Secured Debt	(9)	1/11/2023		12.99%	SF+	7.50%		4/5/2029	4,000		3,904		4,000
Veregy Consolidated, Inc.	(11)	Energy Service Company
			Secured Debt	(9) (25)	11/9/2020			SF+	5.25%		11/3/2025	—		(352)		(352)
			Secured Debt	(9)	11/9/2020		11.57%	SF+	6.00%		11/3/2027	17,780		17,546		17,423
													17,194		17,071
Vistar Media, Inc.	(10)	Operator of Digital Out-of-Home Advertising Platform
			Preferred Stock		4/3/2019	70,207							767		2,270
Vitesse Systems	(10)	Component Manufacturing and Machining Platform
			Secured Debt	(9)	12/22/2023		12.44%	SF+	7.00%		12/22/2028	42,394		41,403		41,572

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
VORTEQ Coil Finishers, LLC	(10)	Specialty Coating of Aluminum and Light-Gauge Steel
			Common Equity	(8)	11/30/2021	1,038,462							1,038		2,570
Wall Street Prep, Inc.	(10)	Financial Training Services
			Secured Debt	(9) (25)	7/19/2021			SF+	7.00%		7/19/2026	—		(4)		(4)
			Secured Debt	(9)	7/19/2021		12.48%	SF+	7.00%		7/19/2026	3,668		3,634		3,668
			Common Stock		7/19/2021	400,000							400		830
													4,030		4,494
Watterson Brands, LLC	(10)	Facility Management Services
			Secured Debt	(9) (32)	12/17/2021		11.46%	SF+	6.00%		12/17/2026	2,223		2,198		2,223
			Secured Debt	(9)	12/17/2021		11.46%	SF+	6.00%		12/17/2026	385		364		385
			Secured Debt	(9)	12/17/2021		11.46%	SF+	6.00%		12/17/2026	15,846		15,708		15,846
			Secured Debt	(9)	12/17/2021		11.46%	SF+	6.00%		12/17/2026	12,674		12,563		12,674
													30,833		31,128
West Star Aviation Acquisition, LLC	(10)	Aircraft, Aircraft Engine and Engine Parts
			Secured Debt	(9) (26)	3/1/2022		11.31%	SF+	6.00%		3/1/2028	2,399		2,362		2,399
			Secured Debt	(9)	3/1/2022		11.31%	SF+	6.00%		3/1/2028	10,631		10,494		10,631
			Secured Debt	(9)	11/3/2023		11.31%	SF+	6.00%		3/1/2028	5,290		5,192		5,290
			Common Stock	(8)	3/1/2022	1,541,400							1,541		3,600
													19,589		21,920
Winter Services LLC	(10)	Provider of Snow Removal and Ice Management Services
			Secured Debt	(9) (32)	11/19/2021		13.58%	SF+	8.00%		11/19/2026	1,778		1,724		1,745
			Secured Debt	(9)	11/19/2021		13.59%	SF+	8.00%		11/19/2026	2,067		2,038		2,028
			Secured Debt	(9)	11/19/2021		12.59%	SF+	7.00%		11/19/2026	9,300		9,149		9,127
			Secured Debt	(9)	11/19/2021		12.58%	SF+	7.00%		11/19/2026	6,667		6,484		6,543
													19,395		19,443
Xenon Arc, Inc.	(10)	Tech-enabled Distribution Services to Chemicals and Food Ingredients Primary Producers
			Secured Debt	(9)	12/17/2021		11.18%	SF+	5.75%		12/17/2027	23,996		23,673		23,996
			Secured Debt	(9)	12/17/2021		11.15%	SF+	5.75%		12/17/2027	37,731		37,270		37,731
													60,943		61,727
YS Garments, LLC	(11)	Designer and Provider of Branded Activewear
			Secured Debt	(9)	8/22/2018		12.93%	SF+	7.50%		8/9/2026	11,812		11,573		10,973
Zips Car Wash, LLC	(10)	Express Car Wash Operator
			Secured Debt	(9)	2/11/2022		12.68%	SF+	7.25%	1.50%	12/31/2024	17,291		17,291		17,095
			Secured Debt	(9) (26)	2/11/2022		12.68%	SF+	7.25%	1.50%	12/31/2024	4,335		4,335		4,286

Portfolio Company (1) (20) · Business Description · Type of Investment (2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
					21,626		21,381
Short-term portfolio investments	(39)
		Secured Debt	8.68%	103,103		103,308		103,383
Subtotal Non-Control/Non-Affiliate Investments (72.8% of net assets at fair value)					$1,879,039		$1,830,866
Total Portfolio Investments, March 31, 2024 (180.8% of net assets at fair value)					$3,947,530		$4,548,027
Money market funds (included in cash and cash equivalents) (31)
Dreyfus Government Cash Management (36)					$45,214		$45,214
Fidelity Government Fund (37)					3,566		3,566
Fidelity Treasury (38)					3,079		3,079
Total money market funds					$51,859		$51,859

(1)All investments are Lower Middle Market portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Lower Middle Market portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Company’s Corporate Facility or SPV Facility (each as defined in Note B.5. — Summary of Significant Accounting Policies —Deferred Financing Costs, and together the “Credit Facilities”) or in support of the SBA-guaranteed debentures issued by the Funds.

(2)Debt investments are income producing, unless otherwise noted by footnote (14), as described below. Equity and warrants are non-income producing, unless otherwise noted by footnote (8), as described below.

(3)See Note C—Fair Value Hierarchy for Investments—Portfolio Composition and Schedule 12-14 for a summary of geographic location of portfolio companies.

(4)Principal is net of repayments. Cost is net of repayments and accumulated unearned income. Negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.

(5)Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.

(6)Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.

(7)Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.

(8)Income producing through dividends or distributions.

(9)Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule,93% of the loans (based on the par amount) contain LIBOR or Term SOFR (“SOFR”) floors which range between 0.50% and 5.25%, with a weighted-average floor of 1.21%.

(10)Private Loan portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Private Loan portfolio investments.

(11)Middle Market portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Middle Market portfolio investments.

(12)Other Portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Other Portfolio investments.

(13)Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets.

(14)Non-accrual and non-income producing debt investment.

(15)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities.”

(16)External Investment Manager. Investment is not encumbered as security for the Company's Credit Facilities or in support of the SBA-guaranteed debentures issued by the Funds.

(17)Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable.

(18)Investment fair value was determined using significant unobservable inputs, unless otherwise noted. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.

(19)Investments may have a portion, or all, of their income received from Paid-in-Kind (“PIK”) interest or dividends. PIK interest income and cumulative dividend income represent income not paid currently in cash. The difference between the Total Rate and PIK Rate represents the cash rate as of March 31, 2024.

(20)All portfolio company headquarters are based in the United States, unless otherwise noted.

(21)Portfolio company headquarters are located outside of the United States.

(22)The Company has entered into an intercreditor agreement that entitles the Company to the “last out” tranche of the first lien secured loans, whereby the “first out” tranche will receive priority as to the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder. Therefore, the Company receives a higher interest rate than the contractual stated interest rate of SOFR+8.09% (Floor 1.50%) per the credit agreement and the Consolidated Schedule of Investments above reflects such higher rate.

(23)The Company has entered into an intercreditor agreement that entitles the Company to the “last out” tranche of the first lien secured loans, whereby the “first out” tranche will receive priority as to the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder. Therefore, the Company receives a higher interest rate than the contractual stated interest rate of 12.45% per the credit agreement and the Consolidated Schedule of Investments above reflects such higher rate.

(24)Investment date represents the date of initial investment in the security position.

(25)The position is unfunded and no interest income is being earned as of March 31, 2024. The position may earn a nominal unused facility fee on committed amounts.

(26)Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024.

(27)Warrants are presented in equivalent shares/units with a strike price of $0.01 per share/unit.

(28)A majority of the variable rate loans in the Company’s Investment Portfolio (defined below) bear interest at a rate that may be determined by reference to either LIBOR (“L”), SOFR (“SF”) or an alternate Base Rate (commonly based on the Federal Funds Rate or the Prime Rate (“P”)), which typically resets every one, three, or six months at the borrower’s option. SOFR based contracts may include a credit spread adjustment (the “Adjustment”) that is charged in addition to the stated spread. The Adjustment is applied when the SOFR rate, plus the Adjustment, exceeds the stated floor rate, as applicable. As of March 31, 2024, SOFR based contracts in the portfolio had Adjustments ranging from 0.10% to 0.43%.

(29)Shares/Units represent ownership in a related Real Estate or HoldCo entity.

(30)Investment is not unitized. Presentation is made in percent of fully diluted ownership unless otherwise indicated.

(31)Money market fund interests included in cash and cash equivalents.

(32)RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024.

(33)Index based floating interest rate is subject to contractual maximum base rate of 3.00%.

(34)Index based floating interest rate is subject to contractual maximum base rate of 1.50%.

(35)Warrants are presented in equivalent shares/units with a strike price of $1.00 per share/unit.

(36)Effective yield as of March 31, 2024 was approximately 4.94% on the Dreyfus Government Cash Management.

(37)Effective yield as of March 31, 2024 was approximately 4.97% on the Fidelity Government Fund.

(38)Effective yield as of March 31, 2024 was approximately 4.95% on the Fidelity Treasury.

(39)Short-term portfolio investments. See Note C—Fair Value Hierarchy for Investments and Debentures—Portfolio Composition for a description of short-term portfolio investments. Short-term portfolio investments bear interest at index based floating interest rates which range from SOFR plus 2.75% to SOFR plus 4.00%, with SOFR floors which range from 0% to 0.75% (with a weighted average SOFR floor of approximately 0.39%) and resulting interest rates which range from 8.08% to 9.44% as of March 31, 2024, with a weighted-average interest rate of 8.68%.

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