Main Street Capital CORP

For the period ended Sep 30, 2024. Filed Nov 8, 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.

Sep 30, 2024 · Filed Nov 8, 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)—September 30,

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	(25)	8/16/2019					8/16/2029	$—		$—		$—
			Secured Debt		8/16/2019		13.75%			8/16/2029	4,145		4,094		4,094
			Preferred Member Units		5/20/2021	2,427						2,427		5,710
			Preferred Member Units		8/16/2019	3,200						3,200		—
			Warrants	(27)	8/16/2019	420				8/16/2029		316		—
												10,037		9,804
ASC Interests, LLC		Recreational and Educational Shooting Facility
			Secured Debt	(17)	12/31/2019		13.00%			7/31/2024	400		400		400
			Secured Debt	(17)	8/1/2013		13.00%			7/31/2024	1,650		1,650		1,598
			Preferred Member Units		6/28/2023	178						178		70
			Member Units		8/1/2013	1,500						1,500		—
												3,728		2,068
ATS Workholding, LLC	(10)	Manufacturer of Machine Cutting Tools and Accessories
			Secured Debt	(14) (17)	11/16/2017		5.00%			9/1/2024	2,257		2,249		214
			Secured Debt	(14) (17)	11/16/2017		5.00%			9/1/2024	3,015		2,842		286
			Preferred Member Units		11/16/2017	3,725,862						3,726		—
												8,817		500
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		5,360
												2,295		6,071
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt		3/7/2022		10.00%			3/7/2027	450		445		445
			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		10,524		10,524
			Preferred Stock	(8)	3/7/2022	4,073						4,095		5,160
												15,334		16,399
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(25)	12/31/2020					12/31/2025	—		—		—
			Secured Debt	(9) (22)	12/31/2020		13.27%	SF+	8.02%	10/31/2027	102,239		101,825		102,239
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%					14,000		34,710
												115,825		136,949
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		15.35%	SF+	10.00%	1/9/2025	5,140		5,140		5,140
			Preferred Member Units	(8)	1/9/2018	2,950						4,280		5,431
												9,420		10,571

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
		Warrants	(27)	7/25/2016	82					7/25/2026		2,132		—
		Preferred Member Units	(8) (29)	7/25/2016	17,742							1,000		—
												3,132		—
Café Brazil, LLC	Casual Restaurant Group
		Member Units	(8)	6/9/2006	1,233							1,742		1,460
California Splendor Holdings LLC	Processor of Frozen Fruits
		Secured Debt		3/15/2024		14.00%			4.00%	7/29/2026	1,513		1,487		1,487
		Secured Debt		3/30/2018		14.00%			4.00%	7/29/2026	28,622		28,557		28,170
		Preferred Member Units	(8)	7/31/2019	8,671	15.00%			15.00%			10,541		10,541
		Preferred Member Units	(8)	3/30/2018	8,729							16,402		22,215
												56,987		62,413
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300		49,540
Centre Technologies Holdings, LLC	Provider of IT Hardware Services and Software Solutions
		Secured Debt	(9) (25)	1/4/2019			SF+	10.00%		1/4/2028	—		—		—
		Secured Debt	(9)	1/4/2019		15.35%	SF+	10.00%		1/4/2028	20,462		20,254		20,462
		Preferred Member Units		1/4/2019	13,309							6,122		11,960
												26,376		32,422
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2026	—		(127)		—
		Secured Debt	(9)	2/26/2018		13.36%	SF+	8.00%		2/26/2026	15,620		15,618		15,620
		Member Units	(8)	2/26/2018	4,347							11,440		30,530
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773		3,220
												28,704		49,370
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		10.00%				1/31/2026	5,694		5,044		5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963		15,580
												7,007		21,274
Clad-Rex Steel, LLC	Specialty Manufacturer of Vinyl-Clad Metal
		Secured Debt	(25)	10/28/2022						1/15/2027	—		—		—
		Secured Debt		12/20/2016		10.00%				1/15/2027	7,160		7,131		7,131
		Secured Debt		12/20/2016		10.00%				12/20/2036	983		975		975
		Member Units	(8)	12/20/2016	717							7,280		8,840
		Member Units	(29)	12/20/2016	800							509		950

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)
												15,895		17,896
Cody Pools, Inc.		Designer of Residential and Commercial Pools
			Secured Debt	(25)	3/6/2020					12/17/2026	—		(13)		—
			Secured Debt		3/6/2020		12.50%			12/17/2026	39,863		39,840		39,863
			Preferred Member Units	(8) (29)	3/6/2020	587						8,317		69,960
												48,144		109,823
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	16,225		16,174		16,225
			Preferred Member Units	(8)	3/31/2021	17,280						7,680		13,120
												23,854		29,345
CompareNetworks Topco, LLC		Internet Publishing and Web Search Portals
			Secured Debt	(9)	1/29/2019		14.35%	SF+	9.00%	1/29/2028	3,162		3,102		3,102
			Preferred Member Units		1/29/2019	2,250						3,520		14,690
												6,622		17,792
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt	(25)	11/22/2023					11/22/2028	—		(22)		(22)
			Secured Debt		11/22/2023		13.50%			11/22/2028	17,200		17,059		17,059
			Preferred Equity		11/22/2023	7,454						7,454		7,951
												24,491		24,988
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(30)	7/17/2017	38.75%						530		530
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	27,300		27,103		27,103
			Preferred Member Units	(8)	5/5/2023	556						15,000		15,280
												42,103		42,383
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		7.50%			12/31/2025	360		358		358
			Secured Debt		3/31/2021		10.00%			12/31/2025	8,150		7,979		7,605
			Preferred Member Units		3/31/2021	9,000						2,610		390
												10,947		8,353
Digital Products Holdings LLC		Designer and Distributor of Consumer Electronics
			Secured Debt	(9)	4/1/2018		15.25%	SF+	10.00%	4/27/2026	12,947		12,879		12,811

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)	4/1/2018	3,857							9,501		9,835
													22,380		22,646
Direct Marketing Solutions, Inc.		Provider of Omni-Channel Direct Marketing Services
			Secured Debt	(25)	2/13/2018						2/13/2026	—		(38)		—
			Secured Debt		12/27/2022		14.00%				2/13/2026	24,312		24,260		24,312
			Preferred Stock		2/13/2018	8,400							8,400		19,280
													32,622		43,592
Elgin AcquireCo, LLC		Manufacturer and Distributor of Engine and Chassis Components
			Secured Debt	(9) (25)	10/3/2022			SF+	6.00%		10/3/2027	—		(6)		(6)
			Secured Debt		10/3/2022		12.00%				10/3/2027	18,069		17,960		17,960
			Secured Debt		10/3/2022		9.00%				10/3/2052	6,277		6,218		6,218
			Common Stock		10/3/2022	285							5,726		5,730
			Common Stock	(29)	10/3/2022	939							1,558		3,000
													31,456		32,902
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	48,478		48,291		48,478
			Member Units	(8)	6/24/2016	9,042							17,692		107,370
													65,983		155,848
Garreco, LLC		Manufacturer and Supplier of Dental Products
			Member Units	(8)	7/15/2013	1,200							1,200		2,060
GRT Rubber Technologies LLC		Manufacturer of Engineered Rubber Products
			Secured Debt		12/21/2018		11.35%	SF+	6.00%		10/29/2026	3,146		3,139		3,146
			Secured Debt		12/19/2014		13.35%	SF+	8.00%		10/29/2026	40,493		40,395		40,493
			Member Units	(8)	12/19/2014	5,879							13,065		44,440
													56,599		88,079
Gulf Publishing Holdings, LLC		Energy Industry Focused Media and Publishing
			Secured Debt	(9) (14) (25)	9/29/2017			SF+	9.50%		7/1/2027	—		—		—
			Secured Debt	(14)	7/1/2022		12.50%			12.50%	7/1/2027	2,400		2,400		1,402
			Preferred Equity		7/1/2022	63,720							5,600		—
			Member Units		4/29/2016	3,681							3,681		—
													11,681		1,402
Harris Preston Fund Investments	(12) (13)	Investment Partnership

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 (2717 MH, L.P.)	(8) (30)	10/1/2017	49.26%						3,345		8,896
		LP Interests (2717 HPP-MS, L.P.)	(30)	3/11/2022	49.26%						248		375
		LP Interests (2717 GRE-LP, L.P.)	(30)	4/18/2024	43.05%						441		441
		LP Interests (423 COR, L.P.)	(8) (30)	6/2/2022	26.89%						2,900		4,187
											6,934		13,899
Harrison Hydra-Gen, Ltd.	Manufacturer of Hydraulic Generators
		Common Stock		6/4/2010	107,456						718		6,630
IG Investor, LLC	Military and Other Tactical Gear
		Secured Debt		6/21/2023		13.00%			6/21/2028	1,600		1,570		1,570
		Secured Debt		6/21/2023		13.00%			6/21/2028	35,944		35,676		35,676
		Common Equity		6/21/2023	14,400						14,400		14,870
											51,646		52,116
Jensen Jewelers of Idaho, LLC	Retail Jewelry Store
		Secured Debt	(9) (25)	8/29/2017			P+	6.75%	11/14/2026	—		—		—
		Secured Debt	(9)	11/14/2006		15.25%	P+	6.75%	11/14/2026	1,650		1,650		1,650
		Member Units	(8)	11/14/2006	627						811		11,820
											2,461		13,470
JorVet Holdings, LLC	Supplier and Distributor of Veterinary Equipment and Supplies
		Secured Debt		3/28/2022		12.00%			3/28/2027	24,751		24,627		24,627
		Preferred Equity	(8)	3/28/2022	109,926						10,993		11,280
											35,620		35,907
KBK Industries, LLC	Manufacturer of Specialty Oilfield and Industrial Products
		Secured Debt		2/24/2023		9.00%			2/24/2028	4,000		3,972		4,000
		Member Units	(8)	1/23/2006	325						783		24,820
											4,755		28,820
Kickhaefer Manufacturing Company, LLC	Precision Metal Parts Manufacturing
		Secured Debt		10/31/2018		12.00%			10/31/2026	16,599		16,584		16,584
		Secured Debt		10/31/2018		9.00%			10/31/2048	3,971		3,937		3,937
		Preferred Equity		10/31/2018	581						12,240		12,240
		Member Units	(8) (29)	10/31/2018	800						992		2,490
											33,753		35,251
Metalforming Holdings, LLC	Distributor of Sheet Metal Folding and Metal Forming Equipment
		Secured Debt	(25)	10/19/2022					10/19/2025	—		(14)		(14)

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		10/19/2022		10.75%				10/19/2027	22,657		22,519		22,519
			Preferred Equity	(8)	10/19/2022	5,915,585	8.00%			8.00%			5,916		6,271
			Common Stock		10/19/2022	1,537,219							1,537		3,980
													29,958		32,756
MH Corbin Holding LLC		Manufacturer and Distributor of Traffic Safety Products
			Secured Debt		8/31/2015		14.00%				12/31/2025	5,240		5,240		1,380
			Preferred Member Units		3/15/2019	66,000							4,400		—
			Preferred Member Units		9/1/2015	4,000							6,000		—
													15,640		1,380
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt	(25)	1/26/2021						12/31/2024	—		—		—
			LP Interests	(8) (30)	1/26/2021	14.51%							14,250		14,279
													14,250		14,279
MS Private Loan Fund II, LP	(12) (13)	Investment Partnership
			Secured Debt	(9)	9/5/2023		8.75%	SF+	3.50%		9/5/2025	33,500		33,427		33,427
			LP Interests	(8) (30)	9/5/2023	14.12%							7,449		7,701
													40,876		41,128
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%							29,500		218,370
MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Common Equity	(8)	5/2/2022	2,170,222							17,000		16,754
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		5,729		5,746
			Common Stock	(8)	8/18/2014	5,873							2,720		26,100
													8,449		31,846
NAPCO Precast, LLC		Precast Concrete Manufacturing
			Member Units	(8)	1/31/2008	2,955							2,975		9,750
Nello Industries Investco, LLC		Manufacturer of Steel Poles and Towers For Critical Infrastructure
			Secured Debt	(9)	6/4/2024		11.75%	SF+	6.50%		6/4/2025	14,400		14,374		14,374
			Secured Debt		6/4/2024		13.50%				6/4/2029	27,200		26,945		26,945
			Common Equity	(8)	6/4/2024	365							12,120		12,120
													53,439		53,439
NexRev LLC		Provider of Energy Efficiency Products & Services
			Secured Debt		2/28/2018		10.00%				2/28/2025	1,960		1,960		1,960
			Secured Debt		2/28/2018		10.00%				2/28/2025	9,811		9,790		9,811

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)	2/28/2018	103,144,186						8,213		9,850
											19,963		21,621
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		12/22/2011	65,962						114		75
		Member Units		12/22/2011	65,962						3,603		2,004
											5,797		4,159
NuStep, LLC	Designer, Manufacturer and Distributor of Fitness Equipment
		Secured Debt	(9)	1/31/2017		11.85%	SF+	6.50%	1/31/2025	3,600		3,600		3,600
		Secured Debt		1/31/2017		12.00%			1/31/2025	18,440		18,436		18,436
		Preferred Member Units		11/2/2022	2,304						2,582		5,760
		Preferred Member Units		1/31/2017	454						11,230		10,660
											35,848		38,456
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%			8/31/2026	10,000		9,961		10,000
		Preferred Member Units	(8)	4/1/2008	900						1,080		58,540
											11,041		68,540
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		16.35%	SF+	11.00%	7/31/2026	21,960		21,879		21,960
		Preferred Stock	(8) (29)	7/30/2021	10,000						10,000		14,680
											31,879		36,640
Pearl Meyer Topco LLC	Provider of Executive Compensation Consulting Services
		Secured Debt	(25)	4/27/2020					12/31/2027	—		(2)		—
		Secured Debt		4/27/2020		12.00%			12/31/2027	43,219		43,027		43,219
		Secured Debt		4/27/2020		12.00%			12/31/2027	27,681		27,619		27,681
		Preferred Equity	(8)	4/27/2020	15,671						13,000		60,540
											83,644		131,440
Pinnacle TopCo, LLC	Manufacturer and Distributor of Garbage Can Liners, Poly Bags, Produce Bags, and Other Similar Products
		Secured Debt	(25)	12/21/2023					12/31/2028	—		(13)		—
		Secured Debt		12/21/2023		13.00%			12/31/2028	29,040		28,797		29,040
		Preferred Equity	(8)	12/21/2023	440						12,540		17,360
											41,324		46,400
PPL RVs, Inc.	Recreational Vehicle Dealer
		Secured Debt	(9) (25)	10/31/2019			SF+	8.75%	11/15/2027	—		(6)		—
		Secured Debt	(9)	11/15/2016		14.23%	SF+	8.75%	11/15/2027	17,457		17,330		17,457
		Common Stock		6/10/2010	2,000						2,150		16,300
		Common Stock	(29)	6/14/2022	238,421						238		514

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)
										19,712		34,271
Principle Environmental, LLC	Noise Abatement Service Provider
		Secured Debt		7/1/2011		13.00%		11/15/2026	5,897		5,847		5,847
		Preferred Member Units	(8)	2/1/2011	21,806					5,709		11,540
		Common Stock		1/27/2021	1,037					1,200		550
										12,756		17,937
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		3,790
Robbins Bros. Jewelry, Inc.	Bridal Jewelry Retailer
		Secured Debt	(14) (25)	12/15/2021			10.00%	12/15/2026	—		(24)		(24)
		Secured Debt	(14)	12/15/2021		12.50%	10.00%	12/15/2026	33,660		33,479		15,417
		Preferred Equity		12/15/2021	11,070					11,070		—
										44,525		15,393
Tedder Industries, LLC	Manufacturer of Firearm Holsters and Accessories
		Secured Debt	(14) (17)	8/31/2018		12.00%	12.00%	8/31/2023	1,840		1,840		1,726
		Secured Debt	(14) (17)	8/31/2018		12.00%	12.00%	8/31/2023	15,200		15,200		4,657
		Preferred Member Units		8/28/2023	6,605					661		—
		Preferred Member Units		2/1/2023	5,643					564		—
		Preferred Member Units		8/31/2018	544					9,245		—
										27,510		6,383
Televerde, LLC	Provider of Telemarketing and Data Services
		Preferred Stock		1/26/2022	248					718		1,794
		Member Units		1/6/2011	460					1,290		3,510
										2,008		5,304
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		7,848		7,920
		Common Stock	(8)	5/31/2019	615					4,655		9,500
										12,502		17,420
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

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		3/31/2023		10.00%				3/31/2025	2,100		2,100		2,100
			Preferred Member Units		3/31/2023	5,097,595							4,435		7,460
			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		—
													23,111		9,560
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	27,040		26,922		26,922
			Preferred Equity	(8) (29)	12/1/2021	12,240							12,240		12,240
													39,162		39,162
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		970
			Preferred Member Units		6/30/2015	10,072							2,834		—
			Warrants	(27)	7/1/2015	587					10/1/2025		600		—
													7,634		2,365
Subtotal Control Investments (78.2% of net assets at fair value)													$1,462,516		$2,104,576
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		1/31/2023		18.00%			18.00%	6/25/2025	$503		$501		$498
			Secured Debt		12/11/2020		18.00%			18.00%	6/25/2025	16,694		16,650		16,527
			Common Stock		12/11/2020	654,743							3,148		—
			Warrants	(27)	12/11/2020	574,598					12/11/2025		—		—
													20,299		17,025
Boccella Precast Products LLC		Manufacturer of Precast Hollow Core Concrete
			Secured Debt		9/23/2021		10.00%				2/28/2027	320		320		265
			Member Units	(8)	6/30/2017	2,160,000							2,256		310
													2,576		575
Buca C, LLC		Casual Restaurant Group
			Secured Debt	(14)	8/7/2024		15.00%			10.00%	11/4/2024	19,995		19,571		16,226
			Secured Debt	(14) (25)	6/28/2024		15.00%			15.00%	4/1/2025	15		—		—
			Secured Debt	(14) (17)	6/30/2015		15.00%			15.00%	8/31/2023	9,196		5,862		—
			Preferred Member Units		6/30/2015	6	6.00%			6.00%			4,770		—
													30,203		16,226
Career Team Holdings, LLC		Provider of Workforce Training and Career Development Services
			Secured Debt	(9)	12/17/2021		11.25%	SF+	6.00%		12/17/2026	675		661		661

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		12/17/2021		13.00%		12/17/2026	19,845		19,757		19,757
			Common Stock		12/17/2021	450,000					4,500		4,500
											24,918		24,918
CenterPeak Holdings, LLC		Executive Search Services
			Secured Debt	(25)	12/10/2021				12/10/2026	—		(13)		—
			Secured Debt		12/10/2021		15.00%		12/10/2026	21,507		21,406		21,507
			Preferred Equity	(8)	12/10/2021	3,310					3,635		14,300
											25,028		35,807
Classic H&G Holdings, LLC		Provider of Engineered Packaging Solutions
			Preferred Member Units	(8)	3/12/2020	154					—		2,650
Congruent Credit Opportunities Funds	(12) (13)	Investment Partnership
			LP Interests (Congruent Credit Opportunities Fund III, LP)	(8) (30)	2/4/2015	12.49%					2,855		2,378
DMA Industries, LLC		Distributor of Aftermarket Ride Control Products
			Secured Debt		6/18/2024		12.00%		6/19/2029	560		555		555
			Secured Debt		11/19/2021		12.00%		6/19/2029	16,800		16,717		16,717
			Preferred Equity		11/19/2021	5,944					5,944		5,944
			Preferred Equity	(8)	6/18/2024	3,068	15.00%	15.00%			3,122		3,122
											26,338		26,338
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%					6,172		7,380
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%					1,960		2,621
											8,132		10,001
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		—
EIG Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EIG Global Private Debt Fund-A, L.P.)	(8)	11/6/2015	5,000,000					416		369
FCC Intermediate Holdco, LLC		Supply Chain Management Services
			Secured Debt		5/28/2024		13.00%		5/29/2029	32,800		28,900		28,900
			Warrants	(27)	5/28/2024	12					3,920		3,920
											32,820		32,820

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)
Flame King Holdings, LLC · Propane Tank and Accessories Distributor
			Preferred Equity	(8)	10/29/2021	9,360						10,400		35,750
Freeport Financial Funds	(12) (13)	Investment Partnership
			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%						2,580		2,384
			LP Interests (Freeport First Lien Loan Fund III LP)	(8) (30)	7/31/2015	5.95%						2,155		1,893
												4,735		4,277
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	8,185		8,159		8,185
			Preferred Member Units	(8)	3/31/2021	226						4,900		10,540
												13,059		18,725
Gulf Manufacturing, LLC	(13) (21)	Manufacturer of Specialty Fabricated Industrial Piping Products
			Secured Debt	(25)	3/15/2024			SF+	7.63%	3/15/2029	—		(44)		—
			Secured Debt		3/15/2024		12.88%	SF+	7.63%	3/15/2029	39,500		39,151		39,500
			Member Units	(8)	8/31/2007	438						2,980		15,170
												42,087		54,670
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(8) (30)	8/9/2017	8.22%						2,296		4,472
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	11.61%						4,655		4,984
			LP Interests (423 HAR, L.P.)	(30)	6/2/2023	15.60%						750		1,226
												7,701		10,682
Hawk Ridge Systems, LLC		Value-Added Reseller of Engineering Design and Manufacturing Solutions
			Secured Debt	(9)	12/2/2016		11.35%	SF+	6.00%	1/15/2026	2,558		2,557		2,558
			Secured Debt		12/2/2016		12.50%			1/15/2026	45,256		45,186		45,256
			Preferred Member Units	(8)	12/2/2016	226						2,850		19,000
			Preferred Member Units	(29)	12/2/2016	226						150		1,000
												50,743		67,814
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		3,330
												5,352		6,270
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407						18,300		20,390

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)
Infinity X1 Holdings, LLC · Manufacturer and Supplier of Personal Lighting Products
			Secured Debt		3/31/2023		12.00%				3/31/2028	15,275		15,170		15,170
			Preferred Equity	(8)	3/31/2023	87,360							4,368		6,820
													19,538		21,990
Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		13.09%	SF+	7.50%		8/20/2026	12,915		12,815		12,615
			Preferred Equity	(8)	12/7/2023	3,188	10.00%			10.00%			248		446
			Common Stock		8/20/2021	9,968							1,356		550
													14,419		13,611
Iron-Main Investments, LLC		Consumer Reporting Agency Providing Employment Background Checks and Drug Testing
			Secured Debt		8/2/2021		13.00%				1/31/2028	4,514		4,492		4,492
			Secured Debt		9/1/2021		13.00%				1/31/2028	2,940		2,926		2,926
			Secured Debt		11/15/2021		13.00%				1/31/2028	8,944		8,944		8,944
			Secured Debt		11/15/2021		13.00%				1/31/2028	17,624		17,536		17,536
			Secured Debt		1/31/2023		13.00%				1/31/2028	10,082		9,857		9,857
			Preferred Equity		6/26/2024	711,200	25.00%			25.00%			711		760
			Common Stock		8/3/2021	203,016							2,756		2,850
													47,222		47,365
ITA Holdings Group, LLC		Air Ambulance Services
			Secured Debt	(9)	6/21/2023		15.53%	SF+	9.00%	1.00%	6/21/2027	1,195		1,182		1,182
			Secured Debt	(9)	6/21/2023		15.53%	SF+	9.00%	1.00%	6/21/2027	1,007		994		994
			Secured Debt	(9)	6/21/2023		14.53%	SF+	8.00%	1.00%	6/21/2027	4,422		3,689		3,689
			Secured Debt	(9)	6/21/2023		16.53%	SF+	10.00%	1.00%	6/21/2027	4,422		3,689		3,689
			Warrants	(27)	6/21/2023	193,307					6/21/2033		2,091		3,280
													11,645		12,834
MoneyThumb Acquisition, LLC		Provider of Software-as-a-Service Financial File Conversion and Reconciliation
			Secured Debt		8/19/2024		14.00%				8/19/2029	9,600		8,933		8,933
			Preferred Member Units	(8)	8/19/2024	163,282	12.00%			12.00%			1,656		1,656
			Warrants	(27)	8/19/2024	59,368							594		594
													11,183		11,183
Nebraska Vet AcquireCo, LLC		Mixed-Animal Veterinary and Animal Health Product Provider
			Secured Debt	(9)	12/31/2020		12.35%	SF+	7.00%		5/9/2027	1,250		1,242		1,250
			Secured Debt		5/9/2024		12.50%				5/9/2027	650		468		650
			Secured Debt		12/31/2020		12.50%				5/9/2027	62,200		62,073		62,200
			Preferred Member Units	(8)	12/31/2020	6,987							6,987		24,640
													70,770		88,740
OnAsset Intelligence, Inc.		Provider of Transportation Monitoring / Tracking Products and Services

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	(14)	4/18/2011		12.00%			12.00%	12/31/2024	4,415		4,415		793
			Secured Debt	(14)	5/10/2013		12.00%			12.00%	12/31/2024	2,116		2,116		380
			Secured Debt	(14)	3/21/2014		12.00%			12.00%	12/31/2024	983		983		177
			Secured Debt	(14)	5/20/2014		12.00%			12.00%	12/31/2024	964		964		173
			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		1,828
Oneliance, LLC		Construction Cleaning Company
			Preferred Stock		8/6/2021	1,128							1,128		2,210
RA Outdoors LLC	(10)	Software Solutions Provider for Outdoor Activity Management
			Secured Debt	(9)	4/8/2021		11.59%	SF+	6.75%	11.59%	4/8/2026	1,359		1,354		1,231
			Secured Debt	(9)	4/8/2021		11.59%	SF+	6.75%	11.59%	4/8/2026	14,212		14,153		12,877
			Common Equity		8/12/2024	15,562					4/8/2026		—		—
													15,507		14,108
SI East, LLC		Rigid Industrial Packaging Manufacturing
			Secured Debt		8/31/2018		11.75%				6/16/2028	2,250		2,235		2,250
			Secured Debt	(23)	6/16/2023		12.63%				6/16/2028	67,661		67,607		67,661
			Preferred Member Units	(8)	8/31/2018	165							1,525		16,180
													71,367		86,091
Slick Innovations, LLC		Text Message Marketing Platform
			Secured Debt		9/13/2018		14.00%				12/22/2027	16,800		16,645		16,800
			Common Stock	(8)	9/13/2018	70,000							—		2,060
													16,645		18,860
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt		9/11/2024		8.50%			8.50%	12/31/2027	201		201		201
			Secured Debt	(14)	12/31/2022		8.50%			8.50%	12/31/2027	5,327		4,884		1,644
			Preferred Equity		12/31/2022	5,907,649							—		—
													5,085		1,845
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Preferred Member Units		8/31/2020	1,636							4,500		7,450
The Affiliati Network, LLC		Performance Marketing Solutions
			Secured Debt	(25)	8/9/2021						8/9/2026	—		(7)		(7)
			Secured Debt		8/9/2021		10.00%				8/9/2026	5,601		5,577		5,448
			Preferred Stock	(8)	9/1/2023	261,710							262		262
			Preferred Stock	(8)	8/9/2021	1,280,000							6,400		6,400
													12,232		12,103

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)
UnionRock Energy Fund II, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/15/2020	11.11%							3,384		5,641
UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/6/2023	25.00%							4,993		6,791
UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Secured Convertible Debt		1/1/2021		15.00%			15.00%	6/30/2028	2,592		3,171		5,499
			Secured Convertible Debt		1/1/2021		15.00%			15.00%	6/30/2028	1,223		1,465		2,594
			Preferred Stock	(8)	8/29/2019	1,133,102	20.00%			20.00%			3,027		3,027
			Preferred Stock		8/21/2018	1,731,044	20.00%			20.00%			2,511		4,272
			Preferred Stock		6/30/2017	2,596,567	19.00%			19.00%			3,667		—
			Preferred Stock		1/15/2015	4,935,377	13.50%			13.50%			7,924		—
			Common Stock		4/1/2020	1,075,992							—		—
													21,765		15,392
Universal Wellhead Services Holdings, LLC	(10)	Provider of Wellhead Equipment, Designs, and Personnel to the Oil & Gas Industry
			Preferred Member Units	(29)	12/7/2016	716,949	14.00%			14.00%			1,032		—
			Member Units	(29)	12/7/2016	4,000,000							4,000		—
													5,032		—
Urgent DSO LLC		General and Emergency Dentistry Practice
			Secured Debt		2/16/2024		13.50%				2/16/2029	8,800		8,722		8,722
			Preferred Equity	(8)	2/16/2024	4,000	9.00%			9.00%			4,228		4,228
													12,950		12,950
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		13.00%				12/12/2027	11,644		11,570		11,570
			Preferred Equity	(8)	12/12/2022	3,845							3,845		3,845
													15,415		15,415
Subtotal Affiliate Investments (29.1% of net assets at fair value)													$705,425		$784,092
Non-Control Investments
Acumera, Inc.	(10)	Managed Security Service Provider
			Common Equity	(8)	7/2/2024	3,880							—		30
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	7,900		7,900		7,737
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	7.00%	1.00%	3/11/2027	19,444		19,414		19,043

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)
													27,314		26,780
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		980
American Health Staffing Group, Inc.	(10)	Healthcare Temporary Staffing
			Secured Debt	(9) (25)	11/19/2021			P+	5.00%		11/19/2026	—		(6)		(6)
			Secured Debt	(9)	11/19/2021		13.00%	P+	5.00%		11/19/2026	6,162		6,136		6,162
													6,130		6,156
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	7,248		7,215		6,087
			Secured Debt	(9)	3/11/2022		15.23%	SF+	9.75%	15.23%	4/10/2026	11,793		11,731		9,903
			Secured Debt	(9) (14)	3/11/2022		17.20%	SF+	11.75%	17.20%	4/10/2026	5,705		5,645		3,809
			Secured Debt	(9) (14)	3/11/2022		17.20%	SF+	11.75%	17.20%	4/10/2026	9,283		9,169		6,198
													33,760		25,997
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		13,757		374
													16,746		450
Ansira Partners II, LLC	(10)	Provider of Data-Driven Marketing Services
			Secured Debt	(9)	7/1/2024		11.88%	SF+	6.75%		7/1/2029	834		637		637
			Secured Debt	(9)	7/1/2024		12.08%	SF+	6.75%		7/1/2029	77,159		75,326		75,326
													75,963		75,963
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt		11/6/2023		15.00%			15.00%	11/6/2028	3,965		3,965		3,965
			Secured Debt	(9)	11/6/2023		11.76%	SF+	6.50%	11.76%	11/6/2028	7,826		7,826		7,826
			Preferred Equity		11/6/2023	32,507							14,060		12,552
			Preferred Equity		11/6/2023	32,507							—		—
			Common Equity		11/9/2021	3,898							234		—
													26,085		24,343
Archer Systems, LLC	(10)	Mass Tort Settlement Administration Solutions Provider
			Common Stock		8/11/2022	1,387,832							1,388		2,210
ATS Operating, LLC	(10)	For-Profit Thrift Retailer
			Secured Debt	(9)	1/18/2022		11.59%	SF+	6.00%		1/18/2027	756		756		756
			Secured Debt	(9)	1/18/2022		10.59%	SF+	5.00%		1/18/2027	6,660		6,660		6,660
			Secured Debt	(9)	1/18/2022		12.59%	SF+	7.00%		1/18/2027	6,660		6,660		6,660

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		1/18/2022	720,000							720		720
													14,796		14,796
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO Provider
			Secured Debt	(9) (25)	12/23/2022			SF+	7.25%		12/23/2027	—		(97)		(97)
			Secured Debt	(9)	12/23/2022		12.06%	SF+	7.25%		12/23/2027	24,228		23,595		24,228
			Common Equity	(8)	12/15/2021	984							965		796
													24,463		24,927
Berry Aviation, Inc.	(10)	Charter Airline Services
			Preferred Member Units		3/8/2024	286,109							286		—
			Preferred Member Units	(29)	11/12/2019	122,416							—		—
			Preferred Member Units	(29)	7/6/2018	1,548,387							—		—
													286		—
Bettercloud, Inc.	(10)	SaaS Provider of Workflow Management and Business Application Solutions
			Secured Debt	(9) (25)	6/30/2022			SF+	10.25%		6/30/2028	—		(52)		(52)
			Secured Debt	(9)	6/30/2022		15.31%	SF+	10.25%	9.25%	6/30/2028	31,121		30,791		25,986
													30,739		25,934
Binswanger Enterprises, LLC	(10)	Glass Repair and Installation Service Provider
			Member Units		3/10/2017	1,050,000							1,050		580
Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt	(9)	1/9/2024		13.82%	SF+	8.50%	12.82%	8/28/2025	191		92		174
			Secured Debt	(9)	10/19/2022		15.50%	P+	7.50%	15.00%	8/28/2025	3,454		3,454		3,161
			Secured Debt	(9)	8/28/2020		13.82%	SF+	8.50%	12.82%	8/28/2025	4,055		3,725		3,710
			Common Stock		10/1/2020	723,184							1		—
			Warrants	(27)	10/19/2022	163,295					10/19/2032		1,036		—
													8,308		7,045
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	—		(20)		(20)
			Secured Debt	(9)	5/1/2023		11.48%	SF+	6.00%		5/1/2028	6,357		6,265		6,357
			Secured Debt	(9)	5/1/2023		13.48%	SF+	8.00%		5/1/2028	6,357		6,265		6,357
			Preferred Equity		5/1/2023	571							571		501
			Common Equity		5/1/2023	571							—		—
													13,081		13,195
BP Loenbro Holdings Inc.	(10)	Specialty Industrial Maintenance Services
			Secured Debt	(9) (32)	2/1/2024		11.22%	SF+	6.00%		2/1/2029	1,798		1,751		1,798
			Secured Debt	(9) (25)	2/1/2024			SF+	6.00%		2/1/2029	—		(24)		(24)
			Secured Debt	(9)	2/1/2024		11.35%	SF+	6.00%		2/1/2029	26,339		25,879		26,339
			Common Equity		2/1/2024	2,333,333							2,333		3,620

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)
												29,939		31,733
Brainworks Software, LLC	(10)	Advertising Sales and Newspaper Circulation Software
			Secured Debt	(9) (14) (17)	8/12/2014		15.25%	P+	7.25%	7/22/2019	761		761		761
			Secured Debt	(9) (14) (17)	8/12/2014		15.25%	P+	7.25%	7/22/2019	7,056		7,056		750
												7,817		1,511
Brightwood Capital Fund Investments	(12) (13)	Investment Partnership
			LP Interests (Brightwood Capital Fund III, LP)	(30)	7/21/2014	1.59%						5,639		3,468
			LP Interests (Brightwood Capital Fund IV, LP)	(8) (30)	10/26/2016	0.59%						4,300		4,401
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	0.72%						3,000		3,211
												12,939		11,080
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	—		(14)		—
			Secured Debt	(9)	6/14/2021		9.95%	SF+	5.00%	6/10/2028	18,766		18,586		18,766
												18,572		18,766
CAI Software LLC		Provider of Specialized Enterprise Resource Planning Software
			Preferred Equity		12/13/2021	2,142,167						2,142		2,227
			Preferred Equity		12/13/2021	596,176						—		—
												2,142		2,227
CaseWorthy, Inc.	(10)	SaaS Provider of Case Management Solutions
			Common Equity		12/30/2022	245,926						246		490
Central Moloney, LLC	(10)	Manufacturer of Electricity Transformers and Related Equipment
			Secured Debt	(9)	2/9/2024		11.35%	SF+	6.75%	10/20/2028	38,584		37,908		38,320
Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9) (32)	2/7/2022		12.02%	SF+	7.00%	2/7/2027	5,075		4,946		4,756
			Secured Debt	(9)	2/7/2022		12.55%	SF+	7.00%	2/7/2027	36,260		35,911		33,982
			Secured Debt	(9)	6/24/2022		12.55%	SF+	7.00%	2/7/2027	2,009		1,990		1,883
			Secured Debt	(9)	3/27/2023		12.55%	SF+	7.00%	2/7/2027	4,855		4,779		4,550
												47,626		45,171
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17)	9/23/2014					1/5/2015	2,668		2,668		17

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)
Computer Data Source, LLC	(10)	Third Party Maintenance Provider to the Data Center Ecosystem
			Secured Debt	(9) (32)	8/6/2021		13.29%	SF+	8.00%		8/6/2026	7,500		7,404		7,340
			Secured Debt	(9) (25)	3/29/2024			SF+	8.00%		8/6/2026	—		(131)		(131)
			Secured Debt	(9)	8/6/2021		13.28%	SF+	8.00%		8/6/2026	18,106		17,969		17,720
													25,242		24,929
Construction Supply Investments, LLC	(10)	Distribution Platform of Specialty Construction Materials to Professional Concrete and Masonry Contractors
			Member Units		12/29/2016								—		—
Coregistics Buyer LLC	(10) (13) (21)	Contract Packaging Service Provider
			Secured Debt	(9)	6/29/2024			SF+	6.50%		6/28/2029	1,669		1,586		1,597
			Secured Debt	(9)	6/29/2024		11.45%	SF+	6.50%		6/28/2029	10,704		10,462		10,237
			Secured Debt	(9)	8/15/2024		11.62%	SF+	6.50%		6/28/2029	7,136		6,998		6,825
			Secured Debt	(9)	6/29/2024		11.70%	SF+	6.75%		6/28/2029	32,192		31,432		31,425
													50,478		50,084
CQ Fluency, LLC	(10)	Global Language Services Provider
			Secured Debt	(9) (25)	12/27/2023			SF+	6.75%		6/27/2027	—		(52)		(52)
			Secured Debt	(9) (25)	12/27/2023			SF+	6.75%		6/27/2027	—		(52)		(52)
			Secured Debt	(9)	12/27/2023		11.49%	SF+	6.75%		6/27/2027	10,969		10,715		10,755
													10,611		10,651
Creative Foam Corporation	(10)	Manufacturer of Custom Engineered Die Cut, Formed Foam, Nonwoven, and Multi-material Component Solutions for the Automotive and Healthcare Markets
			Secured Debt	(9) (25)	6/27/2024			SF+	5.75%		6/27/2029	—		(287)		(287)
			Secured Debt	(9)	6/27/2024		10.35%	SF+	5.75%		6/27/2029	106,952		104,901		105,615
													104,614		105,328
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		681
			Class A Preferred Member Units		4/13/2018	776,316	8.00%			8.00%			776		—
													2,092		681
Dynamic Communities, LLC	(10)	Developer of Business Events and Online Community Groups
			Secured Debt	(9)	12/20/2022		11.45%	SF+	6.50%	11.45%	12/31/2026	2,253		2,094		2,155

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)	12/20/2022		13.45%	SF+	8.50%	13.45%	12/31/2026	2,333		2,100		2,139
			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							—		—
													4,322		4,354
Eastern Wholesale Fence LLC	(10)	Manufacturer and Distributor of Residential and Commercial Fencing Solutions
			Secured Debt	(9) (32)	11/19/2020		13.10%	SF+	8.00%		10/30/2025	2,826		2,798		2,677
			Secured Debt	(9)	11/19/2020		12.95%	SF+	8.00%		10/30/2025	4,375		4,350		4,146
			Secured Debt	(9)	11/19/2020		12.95%	SF+	8.00%		10/30/2025	8,726		8,672		8,268
			Secured Debt	(9)	4/20/2021		12.95%	SF+	8.00%		10/30/2025	1,810		1,800		1,715
			Secured Debt	(9)	10/14/2021		12.95%	SF+	8.00%		10/30/2025	9,903		9,850		9,382
													27,470		26,188
Emerald Technologies Acquisition Co, Inc.	(11)	Design & Manufacturing
			Secured Debt	(9)	2/10/2022		11.20%	SF+	6.25%		12/29/2027	9,716		9,548		7,967
EnCap Energy Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EnCap Energy Capital Fund VIII, L.P.)	(8) (30)	1/22/2015	0.14%							3,544		1,820
			LP Interests (EnCap Energy Capital Fund VIII Co-Investors, L.P.)	(8) (30)	1/21/2015	0.38%							1,982		901
			LP Interests (EnCap Energy Capital Fund IX, L.P.)	(8) (30)	1/22/2015	0.10%							3,230		1,148
			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%							7,317		6,968
			LP Interests (EnCap Energy Capital Fund XII, L.P.)	(30)	8/31/2023	0.27%							3,715		5,371
			LP Interests (EnCap Flatrock Midstream Fund II, L.P.)	(8) (30)	3/30/2015	0.84%							5,110		1,406
			LP Interests (EnCap Flatrock Midstream Fund III, L.P.)	(8) (30)	3/27/2015	0.25%							4,312		3,756
													29,210		21,370
Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (25)	4/7/2023			SF+	8.00%		4/7/2029	—		(30)		(30)
			Secured Debt	(9)	4/7/2023		12.70%	SF+	8.00%		4/7/2029	26,114		25,521		26,114
			Common Equity		4/7/2023	649,794							663		910
													26,154		26,994
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems

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)	12/22/2021		12.87%	SF+	8.00%		12/22/2026	3,692		3,676		3,692
			Secured Debt	(9)	12/22/2021		12.87%	SF+	8.00%	8.00%	12/22/2026	46,914		46,716		46,914
													50,392		50,606
Fuse, LLC	(11)	Cable Networks Operator
			Secured Debt	(8)	6/30/2019		12.00%				12/31/2026	1,810		1,810		1,024
			Common Stock		6/30/2019	10,429							256		—
													2,066		1,024
Garyline, LLC	(10)	Manufacturer of Consumer Plastic Products
			Secured Debt	(9) (32)	11/10/2023		11.95%	SF+	6.75%		11/10/2028	6,000		5,784		5,895
			Secured Debt	(9)	11/10/2023		11.95%	SF+	6.75%		11/10/2028	32,227		31,434		31,666
			Common Equity		11/10/2023	705,882							706		580
													37,924		38,141
GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor
			Secured Debt	(9) (32)	10/18/2019		11.64%	SF+	6.50%		2/28/2026	2,091		2,078		2,091
			Secured Debt	(9)	10/18/2019		11.99%	SF+	6.50%		2/28/2026	10,564		10,504		10,564
			Secured Debt	(9)	9/15/2023		11.99%	SF+	6.50%		2/28/2026	947		942		947
			Secured Debt	(9)	12/22/2023		11.99%	SF+	6.50%		2/28/2026	226		223		226
			Secured Debt	(9)	8/22/2024		11.25%	SF+	6.50%		2/28/2026	6,091		6,048		6,091
													19,795		19,919
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (32)	9/30/2022		11.08%	SF+	6.00%		9/30/2028	707		693		677
			Secured Debt	(9)	9/30/2022		11.45%	SF+	6.00%		9/30/2028	298		286		286
			Secured Debt	(9)	9/30/2022		10.95%	SF+	6.00%		9/30/2028	3,588		3,539		3,439
													4,518		4,402
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9)	3/7/2024		8.75%	SF+	3.50%	2.50%	6/21/2026	2,408		2,295		2,295
			Secured Debt	(14)	3/7/2024		2.50%			2.50%	6/21/2026	1,626		713		638
			Common Equity		3/7/2024	64,029							—		—
													3,008		2,933
HEADLANDS OP-CO LLC	(10)	Clinical Trial Sites Operator
			Secured Debt	(9) (25)	8/1/2022			SF+	6.50%		8/1/2027	—		(38)		(38)
			Secured Debt	(9)	8/1/2022		11.35%	SF+	6.50%		8/1/2027	6,683		6,595		6,683
			Secured Debt	(9) (25)	6/3/2024			SF+	6.50%		8/1/2027	—		(60)		(60)
			Secured Debt	(9)	8/1/2022		11.35%	SF+	6.50%		8/1/2027	16,495		16,308		16,495
			Secured Debt	(9)	6/3/2024		11.35%	SF+	6.50%		8/1/2027	8,060		7,987		8,059
													30,792		31,139
Hornblower Sub, LLC	(10)	Marine Tourism and Transportation
			Secured Debt	(9) (25)	7/3/2024			SF+	5.50%		7/3/2029	—		(47)		(47)
			Secured Debt	(9)	7/3/2024		10.82%	SF+	5.50%		7/3/2029	31,057		30,762		30,762
													30,715		30,715

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)
HOWLCO LLC	(11) (13) (21)	Provider of Accounting and Business Development Software to Real Estate End Markets
			Secured Debt	(9)	8/19/2021		11.94%	SF+	6.50%	3.50%	10/23/2026	26,009		26,009		25,616
Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel
			Secured Debt	(9)	6/30/2021		13.84%	SF+	8.25%		12/31/2027	7,200		7,062		7,200
IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9)	7/30/2021		10.95%	SF+	5.75%		7/30/2026	459		446		459
			Secured Debt	(9)	7/30/2021		10.70%	SF+	5.75%		7/30/2028	10,154		10,068		10,154
			Secured Debt	(9)	7/30/2021		10.70%	SF+	5.75%		7/30/2028	4,916		4,871		4,916
													15,385		15,529
Imaging Business Machines, L.L.C.	(10)	Technology Hardware & Equipment
			Secured Debt	(9) (32)	6/8/2023		12.08%	SF+	7.00%		6/30/2028	1,186		1,118		1,186
			Secured Debt	(9)	6/8/2023		11.62%	SF+	7.00%		6/30/2028	20,611		20,155		20,611
			Common Equity		6/8/2023	849							1,166		1,080
													22,439		22,877
Implus Footcare, LLC	(10)	Provider of Footwear and Related Accessories
			Secured Debt	(9)	6/1/2017		14.01%	SF+	9.25%	1.50%	7/31/2025	18,648		18,648		17,494
Insight Borrower Corporation	(10)	Test, Inspection, and Certification Instrument Provider
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2028	—		(58)		(58)
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2029	—		(49)		(49)
			Secured Debt	(9)	7/19/2023		11.53%	SF+	6.25%		7/19/2029	14,298		13,955		13,557
			Common Equity		7/19/2023	131,100							656		370
													14,504		13,820
Inspire Aesthetics Management, LLC	(10)	Surgical and Non-Surgical Plastic Surgery and Aesthetics Provider
			Secured Debt	(9) (32)	4/3/2023		13.03%	SF+	8.00%		4/3/2028	790		774		711
			Secured Debt	(9)	4/3/2023		13.27%	SF+	8.00%		4/3/2028	7,252		7,120		6,531
			Secured Debt	(9)	6/14/2023		13.27%	SF+	8.00%		4/3/2028	2,917		2,868		2,627
			Common Equity		4/3/2023	131,569							417		10
													11,179		9,879
Interface Security Systems, L.L.C	(10)	Commercial Security & Alarm Services
			Secured Debt	(17) (32)	12/9/2021		15.06%	SF+	10.00%	15.22%	8/7/2023	1,998		1,998		1,842
			Secured Debt	(9) (14) (17)	8/7/2019		12.35%	SF+	7.00%	12.35%	8/7/2023	7,313		7,237		11

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		12/7/2021	2,143							—		—
													9,235		1,853
Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats
			Secured Debt	(9) (32)	8/28/2019		11.29%	SF+	6.50%		8/28/2025	1,037		1,036		991
			Secured Debt	(9)	8/28/2019		11.25%	SF+	6.50%		8/28/2025	16,812		16,776		16,070
													17,812		17,061
INW Manufacturing, LLC	(11)	Manufacturer of Nutrition and Wellness Products
			Secured Debt	(9)	5/19/2021		10.62%	SF+	5.75%		3/25/2027	6,885		6,712		5,783
Isagenix International, LLC	(11)	Direct Marketer of Health & Wellness Products
			Secured Debt	(9)	4/13/2023		11.89%	SF+	6.60%	9.43%	4/14/2028	3,090		2,872		850
			Common Equity		4/13/2023	198,743							—		—
													2,872		850
Island Pump and Tank, LLC	(10)	Provider of Facility and Maintenance Services to Fuel Retailers in Northeast U.S.
			Secured Debt	(9) (25)	5/20/2024			SF+	6.50%		5/17/2029	—		(6)		(6)
			Secured Debt	(9)	5/20/2024		11.09%	SF+	5.50%		5/17/2029	1,735		1,706		1,686
			Secured Debt	(9)	5/20/2024		12.09%	SF+	6.50%		5/17/2029	1,735		1,706		1,686
			Secured Debt	(9)	5/20/2024		13.09%	SF+	7.50%		5/17/2029	1,735		1,706		1,686
													5,112		5,052
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9) (26)	10/26/2022		12.86%	SF+	7.50%		11/4/2024	803		802		803
			Secured Debt	(9) (26)	2/27/2024		15.28%	SF+	10.00%		11/4/2024	627		623		627
			Secured Debt	(9)	11/8/2021		12.90%	SF+	7.50%		11/4/2024	1,869		1,869		1,869
			Preferred Equity		11/8/2021	2,826,667							110		870
													3,404		4,169
JDC Power Services, LLC	(10)	Provider of Electrical Equipment and Maintenance Services for Datacenters
			Secured Debt	(9) (25)	6/28/2024			SF+	6.75%		6/28/2029	—		(171)		(171)
			Secured Debt	(9)	6/28/2024		11.35%	SF+	6.75%		6/28/2029	61,351		59,880		58,912
													59,709		58,741
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(9) (14) (17)	8/21/2019		21.59%	SF+	16.00%	21.59%	8/21/2024	1,134		1,134		—
			Secured Debt	(9) (14) (17)	8/21/2019		21.59%	SF+	16.00%	21.59%	8/21/2024	1,091		1,091		—
			Secured Debt	(9)	3/30/2024		13.45%	SF+	8.75%	6.00%	3/29/2029	2,006		2,006		2,006
			Secured Debt	(9)	3/30/2024		13.45%	SF+	8.75%	13.45%	3/29/2029	1,270		1,270		1,270
			Common Stock		8/21/2019	472,579							4,429		—

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		3/29/2024	5,461,019							200		200
													10,130		3,476
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9) (32)	12/22/2021		13.37%	SF+	8.00%		12/22/2026	8,424		8,348		7,972
			Secured Debt	(9)	12/22/2021		12.85%	SF+	8.00%		12/22/2026	35,767		35,439		33,846
			Secured Debt	(9)	2/1/2024		12.85%	SF+	8.00%		12/22/2026	3,347		3,269		3,168
			Common Equity		12/22/2021	1,684,211							1,684		210
													48,740		45,196
KMS, LLC	(10)	Wholesaler of Closeout and Value-priced Products
			Secured Debt	(9) (14)	10/4/2021		14.50%	SF+	9.75%		10/4/2026	1,028		1,002		773
			Secured Debt	(9) (14)	10/4/2021		14.50%	SF+	9.75%		10/4/2026	7,410		7,340		5,573
													8,342		6,346
Lightbox Holdings, L.P.	(11)	Provider of Commercial Real Estate Software
			Secured Debt		5/9/2019		10.11%	SF+	5.00%		5/9/2026	15,566		15,477		15,099
LKCM Headwater Investments I, L.P.	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	1/25/2013	2.27%							1,746		3,199
LL Management, Inc.	(10)	Medical Transportation Service Provider
			Secured Debt	(9)	9/17/2024		12.43%	SF+	7.25%		12/31/2025	991		991		991
			Secured Debt	(9)	5/2/2019		12.60%	SF+	7.25%		12/31/2025	8,599		8,521		8,599
			Secured Debt	(9)	5/2/2019		12.60%	SF+	7.25%		12/31/2025	5,498		5,448		5,498
			Secured Debt	(9)	11/20/2020		12.60%	SF+	7.25%		12/31/2025	2,885		2,859		2,885
			Secured Debt	(9)	2/26/2021		12.60%	SF+	7.25%		12/31/2025	1,121		1,111		1,121
			Secured Debt	(9)	5/12/2022		12.60%	SF+	7.25%		12/31/2025	11,354		11,249		11,354
													30,179		30,448
LLFlex, LLC	(10)	Provider of Metal-Based Laminates
			Secured Debt	(9)	8/16/2021		13.48%	SF+	8.00%	3.00%	8/16/2026	4,059		4,001		3,352
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		24,539		18,421
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+	7.50%		3/15/2026	—		(18)		—

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)	3/28/2024		12.59%	SF+	7.50%		3/15/2026	19,100		18,915		19,100
													18,897		19,100
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25)	4/4/2022			SF+	6.00%		4/3/2028	—		(42)		(42)
			Secured Debt	(9)	4/4/2022		10.95%	SF+	6.00%		4/3/2028	20,728		20,478		20,728
													20,436		20,686
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9)	10/24/2018		12.56%	SF+	7.00%		12/31/2026	22,495		22,174		20,128
Mini Melts of America, LLC	(10)	Manufacturer and Distributor of Branded Premium Beaded Ice Cream
			Secured Debt	(9) (32)	11/30/2023		11.37%	SF+	6.25%		11/30/2028	1,494		1,458		1,494
			Secured Debt	(9) (26)	11/30/2023		11.33%	SF+	6.25%		11/30/2028	1,318		1,290		1,318
			Secured Debt	(9)	11/30/2023		10.31%	SF+	5.25%		11/30/2028	4,917		4,818		4,917
			Secured Debt	(9)	11/30/2023		12.31%	SF+	7.25%		11/30/2028	4,917		4,814		4,917
			Common Equity		11/30/2023	459,657							460		460
													12,840		13,106
MonitorUS Holding, LLC	(10) (13) (21)	SaaS Provider of Media Intelligence Services
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	4,008		3,970		4,105
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	10,525		10,413		11,637
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	17,742		17,566		17,742
			Unsecured Debt		11/14/2023		8.00%			8.00%	3/31/2025	112		112		112
			Unsecured Debt		3/15/2024		8.00%			8.00%	6/30/2025	55		55		55
			Unsecured Debt		9/25/2024		8.00%			8.00%	12/21/2025	105		105		105
			Common Stock		8/30/2022	44,445,814							889		732
													33,110		34,488
NinjaTrader, LLC	(10)	Operator of Futures Trading Platform
			Secured Debt	(9) (25)	12/18/2019			SF+	6.50%		12/18/2026	—		(7)		(7)
			Secured Debt	(9)	12/18/2019		11.98%	SF+	6.50%		12/18/2026	28,424		28,167		28,424
													28,160		28,417
Obra Capital, Inc.	(10)	Provider of Asset Management Services Specialized in Insurance-Linked Strategies
			Secured Debt	(9) (25)	6/21/2024			SF+	7.50%		12/21/2028	—		(4)		(4)
			Secured Debt	(9)	6/21/2024		12.53%	SF+	7.50%		6/21/2029	26,352		25,614		25,330
													25,610		25,326
OnPoint	(10)	Environmental & Facilities Services
			Secured Debt	(9)	4/1/2024		11.60%	SF+	7.00%		11/16/2027	3,880		3,848		3,848
Ospemifene Royalty Sub LLC	(10)	Estrogen-Deficiency Drug Manufacturer and 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	(14)	7/8/2013					11/15/2026	4,410		4,410		25
Peaches Holding Corporation		Wholesale Provider of Consumer Packaging Solutions
			Common Equity		5/22/2024	3,226						7,221		7,221
Power System Solutions	(10)	Backup Power Generation
			Secured Debt	(9) (25)	6/7/2023			SF+	6.50%	6/7/2028	—		(68)		(68)
			Secured Debt	(9)	6/7/2023		11.35%	SF+	6.50%	6/7/2028	6,139		5,994		6,139
			Secured Debt	(9)	6/7/2023		11.60%	SF+	6.50%	6/7/2028	18,279		17,877		18,279
			Common Equity		6/7/2023	1,234						1,234		3,150
												25,037		27,500
PrimeFlight Aviation Services	(10)	Air Freight & Logistics
			Secured Debt	(9)	5/1/2023		10.58%	SF+	5.50%	5/1/2029	7,900		7,676		7,900
			Secured Debt	(9)	9/7/2023		10.10%	SF+	5.50%	5/1/2029	754		731		754
			Secured Debt	(9)	1/30/2024		10.10%	SF+	5.50%	5/1/2029	758		741		758
			Secured Debt	(9)	6/28/2024		9.85%	SF+	5.25%	5/1/2029	861		849		861
												9,997		10,273
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		12.19%	SF+	6.75%	8/19/2027	6,838		6,729		6,748
			Secured Debt	(9)	8/19/2022		12.13%	SF+	6.75%	8/19/2027	21,707		21,450		21,419
												28,179		28,167
Purge Rite, LLC	(10)	HVAC Flushing and Filtration Services
			Secured Debt	(9) (25)	10/2/2023			SF+	8.00%	10/2/2028	—		(39)		(39)
			Secured Debt	(9)	10/2/2023		13.64%	SF+	8.00%	10/2/2028	9,844		9,647		9,844
			Preferred Equity		10/2/2023	32,813						3,248		3,248
			Common Equity		4/1/2024	32,813						33		1,320
												12,889		14,373
Richardson Sales Solutions	(10)	Business Services
			Secured Debt	(9) (32)	8/24/2023		11.92%	SF+	6.75%	8/24/2028	4,151		4,073		4,087
			Secured Debt	(9)	8/24/2023		12.03%	SF+	6.75%	8/24/2028	34,265		33,363		33,736
			Secured Debt	(9)	9/10/2024		11.86%	SF+	6.75%	8/24/2028	22,240		21,805		21,897
												59,241		59,720
Roof Opco, LLC	(10)	Residential Re-Roofing/Repair
			Secured Debt	(9) (25)	8/27/2021			SF+	8.00%	8/27/2026	—		(6)		—
			Secured Debt	(9)	8/27/2021		12.59%	SF+	7.00%	8/27/2026	3,378		3,332		3,246
			Secured Debt	(9)	8/27/2021		14.59%	SF+	9.00%	8/27/2026	3,378		3,332		3,213
												6,658		6,459

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)
Rug Doctor, LLC.	(10)	Carpet Cleaning Products and Machinery
			Secured Debt	(9)	7/16/2021		12.79%	SF+	8.00%	2.00%	11/16/2025	5,858		5,846		5,858
			Secured Debt	(9)	7/16/2021		12.79%	SF+	8.00%	2.00%	11/16/2025	7,618		7,581		7,618
													13,427		13,476
South Coast Terminals Holdings, LLC	(10)	Specialty Toll Chemical Manufacturer
			Secured Debt	(9)	8/8/2024		10.20%	SF+	5.25%		8/8/2029	53,320		52,918		52,918
			Common Equity		12/10/2021	864							864		835
													53,782		53,753
SPAU Holdings, LLC	(10)	Digital Photo Product Provider
			Secured Debt	(9) (32)	7/1/2022		12.46%	SF+	7.50%		7/1/2027	2,491		2,456		2,491
			Secured Debt	(9)	7/1/2022		12.45%	SF+	7.50%		7/1/2027	15,608		15,434		15,608
			Common Stock		7/1/2022	638,710							639		610
													18,529		18,709
Stellant Systems, Inc.	(11)	Manufacturer of Traveling Wave Tubes and Vacuum Electronic Devices
			Secured Debt	(9)	10/22/2021		10.49%	SF+	5.50%		10/1/2028	7,936		7,895		7,896
			Secured Debt	(9)	11/7/2023		10.79%	SF+	5.75%		10/1/2028	9,131		8,913		9,085
													16,808		16,981
Team Public Choices, LLC	(11)	Home-Based Care Employment Service Provider
			Secured Debt	(9)	12/22/2020		10.51%	SF+	5.00%		12/18/2027	14,690		14,516		14,554
Tectonic Financial, LLC		Financial Services Organization
			Common Stock	(8)	5/15/2017	200,000							2,000		4,720
Tex Tech Tennis, LLC	(10)	Sporting Goods & Textiles
			Preferred Equity	(29)	7/7/2021	1,000,000							1,000		2,410
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	—		(111)		(111)
			Secured Debt	(9)	3/11/2024		11.10%	SF+	6.50%		3/11/2029	34,012		32,960		33,394
			Preferred Equity		3/11/2024	1,218,750							1,219		1,219
													34,068		34,502
U.S. TelePacific Corp.	(11)	Provider of Communications and Managed Services
			Secured Debt	(9) (14)	6/1/2023		12.50%	SF+	7.15%	6.00%	5/2/2027	9,832		3,589		3,933
			Secured Debt	(14)	6/1/2023						5/2/2027	1,003		20		—
													3,609		3,933

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)
UPS Intermediate, LLC	(10)	Provider of Maintenance, Repair, and Overhaul Services for Industrial Equipment Serving the Refining, Chemical, Midstream, Renewables, Power, and Utilities End Markets
			Secured Debt	(9)	7/29/2024		11.51%	SF+	6.25%	7/27/2029	43,448		42,622		42,622
			Common Equity		7/29/2024	1,443,299						1,443		1,443
												44,065		44,065
UserZoom Technologies, Inc.	(10)	Provider of User Experience Research Automation Software
			Secured Debt	(9)	1/11/2023		12.75%	SF+	7.50%	4/5/2029	4,000		3,914		4,000
Veregy Consolidated, Inc.	(11)	Energy Service Company
			Secured Debt	(9) (25)	11/9/2020			SF+	5.25%	11/3/2025	—		(241)		(241)
			Secured Debt	(9)	11/9/2020		11.51%	SF+	6.00%	11/3/2027	17,699		17,499		17,684
												17,258		17,443
Vistar Media, Inc.	(10)	Operator of Digital Out-of-Home Advertising Platform
			Preferred Stock		4/3/2019	70,207						767		3,180
Vitesse Systems	(10)	Component Manufacturing and Machining Platform
			Secured Debt	(9) (38)	12/22/2023		12.47%			12/22/2028	5,795		5,666		5,795
			Secured Debt	(9)	12/22/2023		11.96%	SF+	7.00%	12/22/2028	42,181		41,297		42,181
												46,963		47,976
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	—		(3)		(3)
			Secured Debt	(9)	7/19/2021		12.48%	SF+	7.00%	7/19/2026	2,987		2,965		2,987
			Common Stock		7/19/2021	400,000						400		930
												3,362		3,914
Watterson Brands, LLC	(10)	Facility Management Services
			Secured Debt		12/17/2021		12.00%			12/17/2026	2,246		2,225		2,124
			Secured Debt		12/17/2021		12.00%			12/17/2026	388		371		367
			Secured Debt		12/17/2021		12.00%			12/17/2026	15,972		15,860		15,107
			Secured Debt		12/17/2021		12.00%			12/17/2026	12,776		12,685		12,084
												31,141		29,682
West Star Aviation Acquisition, LLC	(10)	Aircraft, Aircraft Engine and Engine Parts
			Secured Debt	(9)	3/1/2022		9.60%	SF+	5.00%	3/1/2028	2,387		2,352		2,387

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)
			Secured Debt	(9)	3/1/2022		9.60%	SF+	5.00%		3/1/2028	10,577		10,446		10,577
			Secured Debt	(9)	11/3/2023		9.60%	SF+	5.00%		3/1/2028	5,264		5,173		5,264
			Common Stock	(8)	3/1/2022	1,541,400							1,541		4,580
													19,512		22,808
Winter Services LLC	(10)	Provider of Snow Removal and Ice Management Services
			Secured Debt	(9)	11/19/2021		13.59%	SF+	8.00%		11/19/2026	667		623		640
			Secured Debt	(9)	11/19/2021		13.59%	SF+	8.00%		11/19/2026	1,874		1,853		1,799
			Secured Debt	(9)	1/16/2024		12.59%	SF+	7.00%		11/19/2026	7,240		7,117		6,948
			Secured Debt	(9)	1/16/2024		14.59%	SF+	9.00%		11/19/2026	7,240		7,117		6,948
													16,710		16,335
Xenon Arc, Inc.	(10)	Tech-enabled Distribution Services to Chemicals and Food Ingredients Primary Producers
			Secured Debt	(9)	12/17/2021		10.16%	SF+	5.25%		12/20/2028	23,875		23,593		23,875
			Secured Debt	(9)	12/17/2021		10.63%	SF+	5.25%		12/20/2028	37,538		37,136		37,538
													60,729		61,413
YS Garments, LLC	(11)	Designer and Provider of Branded Activewear
			Secured Debt	(9) (26)	8/22/2018		12.89%	SF+	7.50%		8/9/2026	10,992		10,814		10,025
Zips Car Wash, LLC	(10)	Express Car Wash Operator
			Secured Debt	(9)	2/11/2022		12.46%	SF+	7.25%	3.50%	12/31/2024	17,306		17,306		16,271
			Secured Debt	(9)	2/11/2022		12.46%	SF+	7.25%	3.50%	12/31/2024	4,338		4,338		4,078
													21,644		20,349
ZRG Partners, LLC	(10)	Talent Advisory Services Provider
			Secured Debt	(9) (25)	6/14/2024			SF+	6.00%		6/14/2029	—		(239)		(239)
			Secured Debt	(9)	6/14/2024		10.74%	SF+	6.00%		6/14/2029	5,067		4,807		4,932
			Secured Debt	(9)	6/14/2024		11.26%	SF+	6.00%		6/14/2029	8,003		7,849		7,790
			Secured Debt	(9)	6/14/2024		11.30%	SF+	6.00%		6/14/2029	57,352		56,240		55,826
													68,657		68,309
Subtotal Non-Control/Non-Affiliate Investments (75.1% of net assets at fair value)													$2,097,862		$2,022,386
Total Portfolio Investments, September 30, 2024 (182.4% of net assets at fair value)													$4,265,803		$4,911,054
Money market funds (included in cash and cash equivalents)
Dreyfus Government Cash Management	(36)												$30,519		$30,519
Fidelity Government Fund	(37)												3,912		3,912

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)
Fidelity Treasury	(31)	944	944
Total money market funds		$35,375	$35,375

(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,96% of the loans (based on the par amount) contain Term SOFR (“SOFR”) floors which range between 0.50% and 5.25%, with a weighted-average floor of 1.24%.

(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 September 30, 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+8.00% (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 11.75% 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 September 30, 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 September 30, 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 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 September 30, 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)Effective yield as of September 30, 2024 was approximately 4.60% on the Fidelity Treasury.

(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 September 30, 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 September 30, 2024 was approximately 5.02% on the Dreyfus Government Cash Management.

(37)Effective yield as of September 30, 2024 was approximately 4.60% on the Fidelity Government Fund.

(38)RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. As of September 30, 2024, the facility had contracts running under the terms SOFR+7.00% (Floor 1.00%) and Prime+6.00% (Floor 2.00%). The rate presented represents a weighted-average rate for borrowings under the facility, as of September 30, 2024.

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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.