Main Street Capital CORP

For the period ended Mar 31, 2026. Filed May 8, 2026.

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, 2026 · Filed May 8, 2026

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)
American Nuts, LLC	(10)	Roaster, Mixer and Packager of Bulk Nuts and Seeds
			Secured Debt	(9)	3/27/2026		12.36%	SF+	8.50%	12.36%	3/28/2028	$311		$311		$311
			Secured Debt	(9)	3/25/2025		12.31%	SF+	8.50%	12.31%	3/28/2028	8,412		8,412		8,412
			Secured Debt	(9)	3/25/2025		12.31%	SF+	8.50%	12.31%	3/28/2028	8,412		8,412		6,943
			Preferred Equity		3/25/2025	26,638							8,970		3,780
													26,105		19,446
Analytical Systems Keco Holdings, LLC		Manufacturer of Liquid and Gas Analyzers
			Secured Debt		8/16/2019		13.25%				8/16/2029	3,742		3,710		3,710
			Preferred Member Units		5/20/2021	2,411							2,387		6,030
			Preferred Member Units		8/16/2019	3,108							3,200		550
			Warrants	(27)	8/16/2019	420					8/16/2029		316		—
													9,613		10,290
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt	(25)	3/7/2022						3/7/2027	—		(2)		—
			Secured Debt	(25)	3/7/2022						3/7/2027	—		—		—
			Secured Debt		3/7/2022		10.00%				3/7/2027	9,833		9,814		9,833
			Preferred Stock	(8)	3/7/2022	4,073							4,095		9,370
													13,907		19,203
BDB Holdings, LLC		Casual Restaurant Group
			Secured Debt		2/24/2025		12.00%				2/27/2027	1,773		1,773		1,773
			Preferred Equity		11/4/2024	19,536,995							19,537		7,780
													21,310		9,553
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(9) (22)	12/31/2020		12.09%	SF+	8.40%		10/31/2027	101,046		100,836		101,046
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%						14,000		31,190
													114,836		132,236
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		13.79%	SF+	10.00%		12/31/2026	5,016		5,016		5,016
			Preferred Member Units	(8)	1/9/2018	2,950							4,280		2,970
			Preferred Member Units	(8)	7/7/2025	312	15.00%			15.00%			348		348
													9,644		8,334
Bridge Capital Solutions Corporation		Financial Services and Cash Flow Solutions Provider
			Preferred Member Units	(29)	7/25/2016	17,742							1,000		—
			Warrants	(27)	7/25/2016	82					7/25/2026		2,132		—
													3,132		—
California Splendor Holdings LLC		Processor of Frozen Fruits

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	(25)	3/15/2024						8/28/2028	—		(10)		(10)
		Secured Debt		3/30/2018		14.00%				8/28/2028	25,800		25,779		25,391
		Preferred Member Units	(8)	7/31/2019	11,671	15.00%			15.00%			16,107		16,107
		Preferred Member Units	(8)	3/30/2018	8,729							16,402		8,391
												58,278		49,879
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300		45,570
Centre Technologies Holdings, LLC	Provider of IT Hardware Services and Software Solutions
		Secured Debt	(9) (25)	1/4/2019			SF+	8.00%		1/4/2028	—		—		—
		Secured Debt	(9)	11/29/2024		11.79%	SF+	8.00%		1/4/2028	24,085		24,061		24,085
		Preferred Member Units		1/4/2019	13,883							6,386		45,940
												30,447		70,025
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2029	—		(36)		—
		Secured Debt	(9)	2/26/2018		11.86%	SF+	8.00%		2/26/2029	41,220		41,004		41,220
		Member Units	(8)	2/26/2018	4,347							11,440		39,510
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773		4,080
												54,181		84,810
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		14.00%				1/31/2030	5,694		5,293		5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963		16,020
												7,256		21,714
Clad-Rex Steel, LLC	Specialty Manufacturer of Vinyl-Clad Metal
		Secured Debt	(25)	10/28/2022						7/31/2027	—		—		—
		Secured Debt		12/20/2016		10.00%				7/31/2030	9,240		9,171		9,240
		Secured Debt		12/20/2016		10.00%				12/20/2036	917		911		917
		Member Units	(8)	12/20/2016	717							7,280		14,890
		Member Units	(29)	12/20/2016	800							509		1,510
												17,871		26,557
Cody Pools, Inc.	Designer of Residential and Commercial Pools
		Secured Debt	(25)	3/6/2020						12/3/2030	—		(87)		—
		Secured Debt		3/6/2020		12.50%				12/3/2030	34,260		33,733		34,260
		Preferred Member Units	(8) (29)	3/6/2020	587							8,317		64,270
												41,963		98,530
Colonial Electric Company LLC	Provider of Electrical Contracting Services
		Secured Debt	(25)	3/31/2021						3/31/2028	—		—		—

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		3/31/2021		9.00%			3/31/2028	8,779		8,685		8,779
			Preferred Member Units	(8)	3/31/2021	17,280						7,680		18,950
												16,365		27,729
CompareNetworks Topco, LLC		Internet Publishing and Web Search Portals
			Secured Debt	(9)	1/29/2019		14.79%	SF+	11.00%	1/29/2028	4,000		3,995		3,936
			Preferred Member Units		1/29/2019	2,250						3,520		3,900
												7,515		7,836
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt	(25)	11/22/2023					11/22/2028	—		(14)		(14)
			Secured Debt		11/22/2023		13.50%			11/22/2028	16,200		16,115		15,976
			Preferred Equity		11/22/2023	7,454						7,454		7,450
												23,555		23,412
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(30)	7/17/2017	38.75%						390		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	26,810		26,697		26,692
			Preferred Member Units		5/5/2023	556						15,000		4,050
			Preferred Equity		4/1/2025	2,400,000						2,400		6,910
												44,097		37,652
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt	(17)	3/1/2022		7.50%			12/31/2025	675		675		675
			Secured Debt	(17)	3/31/2021		10.00%			12/31/2025	7,745		7,745		3,086
			Preferred Member Units		3/31/2021	9,360						2,970		—
												11,390		3,761
Digital Products Holdings LLC		Designer and Distributor of Consumer Electronics
			Secured Debt	(9)	4/1/2018		13.69%	SF+	10.00%	4/27/2029	11,957		11,953		11,348
			Preferred Member Units	(8)	4/1/2018	3,857						9,501		9,835
												21,454		21,183
Direct Marketing Solutions, Inc.		Provider of Omni-Channel Direct Marketing Services
			Secured Debt	(25)	2/13/2018					2/28/2031	—		(30)		—
			Secured Debt		12/27/2022		14.00%			2/28/2031	43,857		43,519		43,857
			Preferred Stock		2/13/2018	9,936						13,040		28,834
												56,529		72,691
Doral Holdings, LLC		Machinery Moving, Rigging and Millwrighting Provider

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	(25)	5/20/2025					5/20/2030	—		—		—
			Secured Debt		5/20/2025		13.00%			5/20/2030	22,500		22,316		22,500
			Preferred Equity	(8)	5/20/2025	13,000						13,000		24,200
												35,316		46,700
Elgin AcquireCo, LLC		Manufacturer and Distributor of Engine and Chassis Components
			Secured Debt	(9) (25)	10/3/2022			SF+	6.00%	10/3/2027	—		(2)		(2)
			Secured Debt		10/3/2022		12.00%			10/3/2027	16,661		16,611		16,611
			Secured Debt		10/3/2022		9.00%			10/3/2052	6,198		6,143		6,143
			Common Stock		10/3/2022	285						5,726		5,190
			Common Stock	(29)	10/3/2022	939						1,558		3,330
												30,036		31,272
Flame King Holdings, LLC		Propane Tank and Accessories Distributor
			Secured Debt		6/30/2025		12.00%			6/30/2030	66,000		$65,448		$66,000
			Preferred Equity	(8)	10/29/2021	9,360						10,400		55,750
												75,848		121,750
Gamber-Johnson Holdings, LLC		Manufacturer of Ruggedized Computer Mounting Systems
			Secured Debt	(9) (34)	6/24/2016		11.19%	SF+	7.50%	1/1/2028	1,600		1,600		1,600
			Secured Debt	(9) (34)	11/22/2024		11.19%	SF+	7.50%	1/1/2028	74,966		74,864		74,966
			Member Units	(8)	6/24/2016	9,042						17,692		117,830
			Member Units	(29)	12/15/2025	408						304		304
												94,460		194,700
Garreco, LLC		Manufacturer and Supplier of Dental Products
			Member Units		7/15/2013	1,200						1,200		1,720
GRT Rubber Technologies LLC		Manufacturer of Engineered Rubber Products
			Secured Debt		12/21/2018		9.79%	SF+	6.00%	10/29/2026	3,146		3,144		3,146
			Secured Debt		12/19/2014		11.79%	SF+	8.00%	10/29/2026	40,493		40,464		40,493
			Member Units	(8)	12/19/2014	5,879						13,065		44,010
												56,673		87,649
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (2717 MH, L.P.)	(30)	10/1/2017	49.26%						1,158		1,865
			LP Interests (2717 HPP-MS, L.P.)	(8) (30)	3/11/2022	49.26%						256		257
			LP Interests (2717 GRE-LP, L.P.)	(30)	4/18/2024	43.05%						441		516
			LP Interests (423 COR, L.P.)	(30)	6/2/2022	26.89%						2,900		5,339
												4,755		7,977

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)
Harrison Hydra-Gen, Ltd. · Manufacturer of Hydraulic Generators
			Common Stock	(8)	6/4/2010	107,456							718		7,080
IG Investor, LLC		Military and Other Tactical Gear
			Secured Debt		6/21/2023		13.00%				6/21/2028	800		782		800
			Secured Debt		6/21/2023		13.00%				6/21/2028	34,264		34,111		34,264
			Common Equity		6/21/2023	14,400							14,400		28,760
													49,293		63,824
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		13.50%	P+	6.75%		11/14/2026	728		728		728
			Member Units	(8)	11/14/2006	627							811		12,160
													1,539		12,888
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	23,321		23,275		23,275
			Preferred Equity	(8)	3/28/2022	109,926							10,993		10,993
													34,268		34,268
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9) (14)	8/25/2025		8.92%	SF+	5.00%	8.92%	6/20/2030	6,529		6,529		6,529
			Secured Debt	(9) (14)	8/25/2025		9.92%	SF+	6.00%	9.92%	6/20/2030	36,513		36,513		8,657
			Secured Debt	(14)	8/25/2025		15.00%			15.00%	6/20/2030	16,842		6,205		—
			Common Equity		12/22/2021	1,684,211							1,684		—
			Common Equity		8/25/2025	842,000							842		—
													51,773		15,186
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		11.50%				10/31/2026	10,199		10,196		10,196
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,897		3,866		3,866
			Preferred Equity	(8)	10/31/2018	581							12,240		18,350
			Member Units	(8) (29)	10/31/2018	800							992		4,190
													27,294		36,602
Legacy Swim Group		Swim Lessons Provider
			Secured Debt		11/7/2025		13.00%				11/7/2030	32,000		31,707		31,707
			Preferred Equity	(8)	11/7/2025	366							14,996		14,996
													46,703		46,703
Metalforming Holdings, LLC		Distributor of Sheet Metal Folding and Metal Forming Equipment
			Secured Debt	(25)	10/19/2022						10/19/2026	—		—		—
			Secured Debt		10/19/2022		8.75%				10/19/2027	17,237		17,184		17,237
			Preferred Equity	(8)	10/19/2022	5,915,585	8.00%			8.00%			5,916		5,916
			Common Stock	(8)	10/19/2022	1,537,219							1,537		10,060

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)
												24,637		33,213
Moffitt Holdings, LLC		Bulk Fuel and Lubricants Distributor
			Secured Debt		3/19/2025		13.00%			3/19/2030	33,688		33,422		33,422
			Preferred Equity		3/19/2025	14,300						14,300		15,560
												47,722		48,982
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt	(9)	1/26/2021		6.69%	SF+	3.00%	3/23/2031	12,300		12,300		12,300
			LP Interests	(8) (30)	1/26/2021	14.51%						15,000		13,593
												27,300		25,893
MS Private Loan Fund II, LP	(12) (13)	Investment Partnership
			Secured Debt	(9) (25)	9/5/2023			SF+	3.00%	3/5/2029	—		(77)		(77)
			LP Interests	(8) (30)	9/5/2023	12.46%						10,500		11,153
												10,423		11,076
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%						29,500		233,060
MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Secured Debt	(9) (25)	2/26/2026			SF+	4.50%	12/31/2029	—		(147)		(147)
			Common Equity	(8)	5/2/2022	2,025,220						30,013		24,667
												29,866		24,520
MVI MSO, LLC		Vascular Practice Specializing in Comprehensive Vein and Artery Diagnosis and Treatment
			Secured Debt		3/28/2025		13.00%			3/28/2030	9,850		9,772		9,772
			Preferred Equity	(8)	3/28/2025	270						2,700		4,080
												12,472		13,852
NAPCO Precast, LLC		Precast Concrete Manufacturing
			Member Units	(8)	1/31/2008	2,955						4,145		11,150
			Member Units	(8) (29)	9/30/2025	468						—		568
												4,145		11,718
Nello Industries Investco, LLC		Manufacturer of Steel Poles and Towers For Critical Infrastructure
			Secured Debt		6/4/2024		12.50%			6/4/2029	41,272		41,067		41,272
			Preferred Equity	(8)	6/4/2024	336,803						11,197		29,550
												52,264		70,822
NexRev LLC		Provider of Energy Efficiency Products & Services
			Preferred Member Units		2/28/2018	103,144,186						8,213		12,590
NRP Jones, LLC		Manufacturer of Hoses, Fittings and Assemblies
			Secured Debt	(14)	12/21/2017		12.00%			9/18/2028	2,191		2,160		370
			Preferred Equity		12/8/2011	495,000						482		—

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		12/22/2011	74,761						114		—
		Member Units		12/22/2011	74,761						3,823		—
		Common Equity	(29)	6/20/2025	927,581						928		928
											7,507		1,298
NuStep, LLC	Designer, Manufacturer and Distributor of Fitness Equipment
		Secured Debt	(9)	1/31/2017		10.29%	SF+	6.50%	1/31/2028	2,600		2,600		2,600
		Secured Debt		1/31/2017		12.00%			1/31/2030	18,440		18,166		18,166
		Preferred Member Units		11/2/2022	2,400						2,785		6,290
		Preferred Member Units		1/31/2017	486						11,866		10,930
											35,417		37,986
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%			12/31/2029	29,000		28,959		29,000
		Preferred Member Units	(8)	4/1/2008	900						1,080		79,040
											30,039		108,040
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		14.79%	SF+	11.00%	7/31/2026	20,760		20,746		20,760
		Preferred Stock	(29)	7/30/2021	10,000						10,000		13,450
											30,746		34,210
Pinnacle TopCo, LLC	Manufacturer and Distributor of Garbage Can Liners, Poly Bags, Produce Bags, and Other Similar Products
		Secured Debt	(25)	12/21/2023					12/21/2028	—		(9)		—
		Secured Debt		12/21/2023		13.00%			12/21/2028	26,400		26,255		26,400
		Preferred Equity	(8)	12/21/2023	440						12,540		20,440
											38,786		46,840
PPL RVs, Inc.	Recreational Vehicle Dealer
		Secured Debt	(9) (25)	10/31/2019			SF+	8.75%	11/15/2027	—		(3)		—
		Secured Debt	(9)	11/15/2016		12.60%	SF+	8.75%	11/15/2027	15,191		15,134		15,191
		Common Stock	(8)	6/10/2010	2,000						2,150		15,710
		Common Stock	(8) (29)	6/14/2022	238,421						238		575
											17,519		31,476
Principle Environmental, LLC	Noise Abatement Service Provider
		Secured Debt		7/1/2011		13.00%			11/15/2026	4,897		4,885		4,897
		Preferred Member Units	(8)	2/1/2011	21,806						5,709		15,740
		Common Stock		1/27/2021	1,037						1,200		750
											11,794		21,387
Quality Lease Service, LLC	Provider of Rigsite Accommodation Unit Rentals and Related Services
		Member Units		6/8/2015	1,000						7,546		460

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)
River Aggregates, LLC · Processor of Construction Aggregates
		Member Units	(8) (29)	12/20/2013	1,500					369		9,700
Robbins Bros. Jewelry, Inc.	Bridal Jewelry Retailer
		Secured Debt	(14) (25)	12/15/2021				12/15/2026	—		(68)		(68)
		Secured Debt	(14)	12/15/2021		12.50%	10.00%	12/15/2026	33,660		31,560		13,968
		Preferred Equity		12/15/2021	11,070					11,070		—
										42,562		13,900
Spring Engineering Holdings, LLC	Provider of Architectural, Engineering and Land Planning and Entitlement Services
		Secured Debt		2/27/2026		13.00%		2/27/2031	23,391		23,165		23,165
		Preferred Member Units		2/27/2026	4,650					4,650		4,650
										27,815		27,815
Tedder Industries, LLC	Manufacturer of Firearm Holsters and Accessories
		Secured Debt	(17)	8/31/2018		12.00%	12.00%	8/31/2023	1,313		1,294		1,313
		Secured Debt	(14) (17)	8/31/2018		12.00%	12.00%	8/31/2023	15,200		15,045		5,380
		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		—
										26,809		6,693
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		2,271
										2,008		4,065
Trantech Radiator Topco, LLC	Transformer Cooling Products and Services
		Secured Debt		5/31/2019		11.50%		5/31/2031	1,600		1,600		1,600
		Secured Debt		5/31/2019		13.50%		5/31/2031	31,280		31,061		31,280
		Secured Debt		11/21/2025		9.00%		5/31/2027	2,040		2,035		2,040
		Secured Debt		3/25/2026		9.00%		5/31/2027	2,000		1,991		2,000
		Secured Debt		3/25/2026		9.00%		5/31/2027	400		398		400
		Common Stock	(8)	5/31/2019	654					6,021		19,850
		Common Equity	(29)	11/21/2025	723					696		696
										43,802		57,866
Trinity Medical Holdings, LLC	Orthopedic Healthcare Platform
		Secured Debt	(25)	10/8/2025				10/8/2030	—		—		—
		Secured Debt		10/8/2025		13.00%		10/8/2030	58,500		57,974		57,974
		Preferred Equity		10/8/2025	22,500					22,500		22,500
										80,474		80,474
Victory Energy Operations, LLC	Provider of Industrial and Commercial Combustion 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		10/3/2024		13.00%				10/3/2029	2,154		2,130		2,130
			Secured Debt		10/3/2024		13.00%				10/3/2029	48,251		47,913		47,913
			Preferred Equity		10/3/2024	51,421							22,471		23,640
													72,514		73,683
Volusion, LLC		Provider of Online Software-as-a-Service eCommerce Solutions
			Secured Debt	(17)	3/31/2023		10.00%				3/31/2025	2,100		2,100		2,100
			Preferred Member Units		3/31/2023	5,097,595							1,523		2,040
			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		—
													20,199		4,140
VVS Holdco LLC		Omnichannel Retailer of Animal Health Products
			Secured Debt	(9) (25)	12/1/2021			SF+	6.00%		12/1/2026	—		—		—
			Secured Debt		12/1/2021		11.50%				12/1/2026	24,000		23,968		23,968
			Preferred Equity	(29)	12/1/2021	12,240							12,240		12,240
													36,208		36,208
Ziegler’s NYPD, LLC		Casual Restaurant Group
			Secured Debt		7/31/2025		12.00%				12/31/2027	150		150		150
			Secured Debt		12/30/2024		12.00%				12/31/2027	1,750		1,750		1,633
			Preferred Member Units		6/30/2015	16,878							3,154		—
													5,054		1,783
Subtotal Control investments (83.5% of net assets at fair value)													$1,884,724		$2,583,010
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		11/24/2025		21.00%			21.00%	11/24/2032	$1,083		$978		$1,083
			Secured Debt		4/1/2025		20.00%			20.00%	11/24/2032	940		940		940
			Secured Debt	(14)	3/28/2025		20.00%			20.00%	11/24/2032	3,109		3,109		2,544
			Secured Debt	(14)	3/28/2025		20.00%			20.00%	11/24/2032	3,109		3,109		2,544
			Preferred Equity		3/28/2025	12,621,635							8,520		20
			Common Stock		12/11/2020	654,743							3,148		—
													19,804		7,131
BLI Acquisition, LLC		Healthcare Provider Data Services
			Secured Debt		2/2/2026		14.00%				2/2/2031	13,200		13,072		13,072
			Member Units		2/2/2026	210,000							2,100		2,100
													15,172		15,172
Boccella Precast Products LLC		Manufacturer of Precast Hollow Core Concrete
			Secured Debt		9/23/2021		10.00%				2/28/2027	256		256		256
			Member Units	(8)	6/30/2017	2,160,000							2,256		2,630

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)
													2,512		2,886
Buca C, LLC		Casual Restaurant Group
			Secured Debt	(14) (17)	8/7/2024		15.00%			15.00%	11/4/2024	8,750		6,333		—
			Secured Debt	(14) (17)	6/28/2024		15.00%			15.00%	4/1/2025	18		—		—
			Secured Debt	(14) (17)	6/30/2015		15.00%			15.00%	8/31/2023	11,534		5,862		—
			Preferred Member Units		6/30/2015	6	6.00%			6.00%			4,770		—
													16,965		—
Career Team Holdings, LLC		Provider of Workforce Training and Career Development Services
			Secured Debt	(9) (25)	12/17/2021			SF+	6.00%		6/5/2030	—		(43)		(43)
			Secured Debt		12/17/2021		13.00%				6/5/2030	21,892		21,570		21,570
			Common Stock		12/17/2021	516,617							5,166		5,370
													26,693		26,897
CenterPeak Holdings, LLC		Executive Search Services
			Secured Debt		12/10/2021		15.00%				12/10/2026	1,800		1,796		1,800
			Secured Debt		12/10/2021		15.00%				12/10/2026	25,107		25,104		25,107
			Preferred Equity	(8)	12/10/2021	3,310							3,635		25,580
													30,535		52,487
CGMS Parent LLC		Commercial Subcontractor Specializing in Concrete Flatwork
			Secured Debt	(25)	12/26/2025						12/26/2030	—		(37)		(37)
			Secured Debt		12/26/2025		13.00%				12/26/2030	24,844		24,612		24,612
			Preferred Equity	(8)	12/26/2025	2,000							10,000		10,000
													34,575		34,575
Classic H&G Holdings, LLC		Provider of Engineered Packaging Solutions
			Preferred Member Units		3/12/2020	154							—		2,130
Congruent Credit Opportunities Funds	(12) (13)	Investment Partnership
			LP Interests (Congruent Credit Opportunities Fund III, LP)	(8) (30)	2/4/2015	12.49%							308		836
Connect Telecommunications Solutions Holdings, Inc.	(13) (21)	Value-Added Distributor of Fiber Products and Equipment
			Secured Debt		10/9/2024		13.00%				10/9/2029	23,436		23,271		23,271
			Preferred Equity		10/9/2024	22,304							12,596		12,596
													35,867		35,867
DMA Industries, LLC		Distributor of Aftermarket Ride Control Products
			Secured Debt		6/18/2024		10.00%				6/18/2029	560		556		560
			Secured Debt		11/19/2021		10.00%				6/18/2029	12,800		12,757		12,800
			Preferred Equity		11/19/2021	5,944							5,944		13,674

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 Equity	(8)	6/18/2024	3,068	15.00%			15.00%			3,893		7,883
													23,150		34,917
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%							6,032		8,027
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%							1,915		2,549
													7,947		10,576
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							84		37
FCC Intermediate Holdco, LLC		Supply Chain Management Services
			Secured Debt	(25)	5/28/2024						5/28/2029	—		—		—
			Secured Debt		5/28/2024		13.00%				5/29/2029	30,750		28,269		30,750
			Warrants	(8) (27)	5/28/2024	12					5/28/2034		3,920		14,660
													32,189		45,410
Freeport Financial Funds	(12) (13)	Investment Partnership
			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%							2,337		1,546
			LP Interests (Freeport First Lien Loan Fund III LP)	(30)	7/31/2015	5.95%							671		193
													3,008		1,739
FRG AcquireCo, LLC		Technology Focused Risk Management Advisory Firm
			Secured Debt	(25)	9/22/2025						9/22/2028	—		(17)		(17)
			Secured Debt		9/22/2025		13.50%				9/22/2030	8,482		8,407		8,407
			Preferred Equity		9/22/2025	3,500							3,500		3,500
													11,890		11,890
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	14,053		14,053		14,053
			Preferred Member Units	(8)	3/31/2021	226							4,900		10,940
													18,953		24,993
Gulf Manufacturing, LLC	(13)	Manufacturer of Specialty Fabricated Industrial Piping Products
			Secured Debt		3/15/2024		11.82%	SF+	8.13%		3/15/2029	3,000		2,971		2,971
			Secured Debt		3/15/2024		11.82%	SF+	8.13%		3/15/2029	37,200		36,367		36,367

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)	8/31/2007	438							2,980		6,500
			Common Stock	(8) (29)	11/18/2024	888							888		1,450
			Preferred Equity		12/23/2025	208							2,077		5,190
													45,283		52,478
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(30)	8/9/2017	8.22%							1,297		3,736
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	11.61%							7,694		9,535
			LP Interests (423 HAR, L.P.)	(8) (30)	6/2/2023	15.60%							750		1,226
													9,741		14,497
Hawk Ridge Systems, LLC		Value-Added Reseller of Engineering Design and Manufacturing Solutions
			Secured Debt	(9) (25)	12/2/2016			SF+	6.00%		1/15/2029	—		(23)		—
			Secured Debt	(25)	1/2/2026						1/15/2029	—		—		—
			Secured Debt	(25)	1/2/2026						1/15/2029	—		—		—
			Secured Debt		12/2/2016		11.00%				1/15/2029	49,871		49,600		49,871
			Preferred Member Units	(8)	12/2/2016	226							2,850		26,310
			Preferred Member Units	(29)	12/2/2016	226							150		1,380
													52,577		77,561
Houston Plating and Coatings, LLC		Provider of Plating and Industrial Coating Services
			Unsecured Convertible Debt		5/1/2017		10.00%				4/2/2029	3,000		3,000		3,000
			Member Units	(8)	1/8/2003	322,297							2,352		3,510
													5,352		6,510
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407							18,300		19,000
Infinity X1 Holdings, LLC		Manufacturer and Supplier of Personal Lighting Products
			Secured Debt	(25)	2/2/2026						3/31/2028	—		—		—
			Secured Debt		3/31/2023		12.00%				3/31/2028	15,074		15,065		15,074
			Preferred Equity	(8)	3/31/2023	87,360							4,368		8,340
													19,433		23,414
Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		11.42%	SF+	7.50%		8/20/2026	12,273		12,252		11,786
			Preferred Equity	(8)	12/7/2023	3,188	10.00%			10.00%			288		427
			Preferred Equity		6/3/2025	3,078	10.00%			10.00%			328		404
			Common Stock		8/20/2021	9,968							1,356		280
													14,224		12,897
Iron-Main Investments, LLC		Consumer Reporting Agency Providing Employment Background Checks and Drug Testing

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		8/2/2021		13.00%				1/31/2028	4,514		4,502		4,502
			Secured Debt		9/1/2021		13.00%				1/31/2028	2,940		2,932		2,932
			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	17,417		17,369		17,369
			Secured Debt		1/31/2023		13.00%				1/31/2028	9,202		9,088		9,088
			Preferred Equity		6/26/2024	711	25.00%			25.00%			711		1,100
			Preferred Equity		9/26/2025	155	25.00%			25.00%			155		155
			Common Stock		8/3/2021	203,016							2,756		2,850
													46,457		46,940
ITA Holdings Group, LLC		Air Ambulance Services
			Secured Debt	(9)	6/21/2023		10.84%	SF+	7.00%		6/21/2027	1,180		1,174		1,180
			Secured Debt	(9)	6/30/2025		10.84%	SF+	7.00%		6/21/2027	5,310		5,298		5,310
			Secured Debt	(9) (25)	3/4/2026			SF+	7.00%		6/21/2027	—		—		—
			Secured Debt	(9)	6/21/2023		10.84%	SF+	7.00%		6/21/2027	4,935		4,602		4,935
			Secured Debt	(9)	6/21/2023		10.84%	SF+	7.00%		6/21/2027	4,935		4,602		4,935
			Secured Debt	(9)	6/30/2025		10.84%	SF+	7.00%		6/21/2027	1,770		1,766		1,770
			Secured Debt	(9)	3/4/2026		10.84%	SF+	7.00%		6/21/2027	2,360		2,360		2,360
			Warrants	(8) (27)	6/21/2023	193,307					6/21/2033		2,091		15,230
													21,893		35,720
Kennedy Fab HoldCo, LLC		Structural Steel Fabricator Specializing in Fabrication, Product Finishing and Field Services
			Secured Debt	(25)	3/4/2026						3/4/2031	—		(5)		(5)
			Secured Debt		3/4/2026		13.00%				3/4/2031	30,000		29,705		29,705
			Secured Debt		3/4/2026		9.00%				3/4/2031	20,000		19,961		19,961
			Preferred Equity		3/4/2026	11,490							11,490		11,490
													61,151		61,151
KMS, LLC	(10)	Wholesaler of Closeout and Value-Priced Products
			Secured Debt	(9)	12/29/2025		9.20%	SF+	5.50%		10/1/2028	1,303		1,267		1,303
			Secured Debt		2/10/2025		12.50%				10/1/2028	1,173		1,151		1,173
			Secured Debt		2/10/2025		12.50%				10/1/2028	1,007		1,007		1,007
			Preferred Equity		2/10/2025	9,213							4,890		6,270
													8,315		9,753
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9)	12/19/2024		9.81%	SF+	5.50%	9.81%	1/28/2031	2,974		2,974		2,867
			Secured Debt	(9) (26)	4/11/2025		9.17%	SF+	5.50%	9.17%	1/28/2031	1,769		1,769		1,706
			Preferred Equity	(8) (29)	12/19/2024	66,306							15,224		11,730
													19,967		16,303
MoneyThumb Acquisition, LLC		Provider of Software-as-a-Service Financial File Conversion and Reconciliation
			Secured Debt		8/19/2024		14.00%				8/19/2029	7,564		7,163		7,163

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)	8/19/2024	163,282	12.00%			12.00%			1,982		2,300
			Warrants	(27)	8/19/2024	59,368					8/19/2029		594		870
													9,739		10,333
Nearshore AcquireCo, LLC		Provider of Outsourcing Services
			Secured Debt	(25)	11/12/2025						11/12/2030	—		(23)		(23)
			Secured Debt	(25)	11/12/2025						11/12/2030	—		(58)		(58)
			Secured Debt		11/12/2025		13.00%				11/12/2030	21,900		21,699		21,699
			Preferred Equity		11/12/2025	10,520,000							5,260		5,260
													26,878		26,878
OnAsset Intelligence, Inc.		Provider of Transportation Monitoring / Tracking Products and Services
			Secured Debt	(14)	4/18/2011		12.00%			12.00%	6/30/2026	4,415		4,415		646
			Secured Debt	(14)	5/10/2013		12.00%			12.00%	6/30/2026	2,116		2,116		309
			Secured Debt	(14)	3/21/2014		12.00%			12.00%	6/30/2026	983		983		144
			Secured Debt	(14)	5/20/2014		12.00%			12.00%	6/30/2026	964		964		141
			Unsecured Debt	(14)	6/5/2017		10.00%			10.00%	6/30/2026	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					5/10/2027		1,089		—
													12,683		1,240
Oneliance, LLC		Construction Cleaning Company
			Preferred Stock	(8)	8/6/2021	1,128							1,128		3,270
RA Outdoors LLC	(10)	Software Solutions Provider for Outdoor Activity Management
			Secured Debt	(9)	4/8/2021		10.56%	SF+	6.75%	10.56%	6/30/2027	1,471		1,471		1,219
			Secured Debt	(9)	2/5/2025		10.59%	SF+	6.75%	10.59%	6/30/2027	464		464		385
			Secured Debt	(9)	7/17/2025		10.59%	SF+	6.75%	10.59%	6/30/2027	453		453		375
			Secured Debt	(9)	4/8/2021		10.56%	SF+	6.75%	10.56%	6/30/2027	15,387		15,380		12,751
			Common Equity		8/12/2024	110							—		—
													17,768		14,730
Revenue Recovery Holdings, LLC		Third Party Tax Collection Services
			Secured Debt	(25)	7/25/2025						7/25/2030	—		(17)		(17)
			Secured Debt		7/25/2025		13.00%				7/25/2030	6,700		6,643		6,643
			Preferred Equity		7/25/2025	104,904							1,049		1,960
													7,675		8,586
RFG AcquireCo, LLC		Aerial Survey, Aerial Survey Equipment Sales & Rental, Aircraft Maintenance
			Secured Debt	(25)	6/2/2025						6/2/2027	—		(6)		(6)
			Secured Debt		6/2/2025		13.50%				6/2/2030	8,000		7,936		7,936
			Secured Debt		6/2/2025		13.50%				6/2/2030	41,500		41,398		41,398

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 Equity		6/2/2025	11,401					11,401		12,771
											60,729		62,099
SI East, LLC		Rigid Industrial Packaging Manufacturing
			Secured Debt		8/31/2018		11.80%		6/16/2028	2,250		2,241		2,250
			Secured Debt	(23)	6/16/2023		12.86%		6/16/2028	66,850		66,777		66,850
			Preferred Member Units	(8)	8/31/2018	165					1,525		17,190
											70,543		86,290
Slick Innovations, LLC		Text Message Marketing Platform
			Secured Debt		9/13/2018		14.00%		3/21/2030	24,280		24,068		24,280
			Common Stock		9/13/2018	70,000					—		2,590
											24,068		26,870
Specialized Aviation Holdings, LLC		Distributor and Service and Maintenance Provider for Specialty Aircraft
			Secured Debt		8/29/2025		13.00%		8/29/2030	23,250		23,048		23,048
			Preferred Stock	(8)	8/29/2025	25,000					15,000		15,000
											38,048		38,048
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt		9/11/2024		8.50%	8.50%	12/31/2027	226		226		784
			Secured Debt	(14)	12/31/2022		8.50%	8.50%	12/31/2027	5,327		4,884		1,636
			Preferred Equity		12/31/2022	5,907,649					—		—
											5,110		2,420
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Preferred Member Units		8/31/2020	1,636					4,500		17,810
The Affiliati Network, LLC		Performance Marketing Solutions
			Preferred Stock		9/1/2023	312,910					313		313
			Preferred Stock	(8)	8/9/2021	1,280,000					6,400		6,400
											6,713		6,713
UnionRock Energy Fund II, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/15/2020	11.11%					2,683		4,235
UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	6/6/2023	14.91%					4,834		5,407
UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Preferred Stock		8/21/2018	11,450,416	20.00%	20.00%			8,416		9,388
			Preferred Stock		6/30/2017	21,382,147	19.00%	19.00%			3,667		—
			Preferred Stock		1/15/2015	42,338,440	13.50%	13.50%			7,924		—

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		4/1/2020	2,370,059							—		—
													20,007		9,388
Urgent DSO LLC		General and Emergency Dentistry Practice
			Secured Debt		2/16/2024		13.50%				2/16/2029	8,800		8,749		8,486
			Preferred Equity	(8)	2/16/2024	4,000							4,614		2,560
													13,363		11,046
Wildcats Topco LLC		Provider of Veterinary Services and Products
			Common Equity		5/8/2025	22,426,711							22,427		22,830
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		13.00%				12/12/2027	9,886		9,853		9,853
			Preferred Equity	(8)	12/12/2022	3,845							3,845		3,845
													13,698		13,698
Subtotal Affiliate investments (34.1% of net assets at fair value)													$966,939		$1,055,658
Non-Control/Non-Affiliate Investments (7)
Adams Publishing Group, LLC	(10)	Local Newspaper Operator
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	8.00%	1.00%	3/11/2027	$8,019		$8,019		$7,985
			Secured Debt	(9) (33)	11/26/2025		11.00%	SF+	8.00%	1.00%	3/11/2027	771		761		761
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	8.00%	1.00%	3/11/2027	15,874		15,864		15,806
													24,644		24,552
AGS American Glass Services Acquisition, LLC	(10)	Provider of Custom Glass Fabrication & Installation and Specialty Coating Solutions
			Secured Debt	(9) (25)	7/24/2025			SF+	5.50%		7/24/2031	—		(33)		(33)
			Secured Debt	(9) (25)	7/24/2025			SF+	5.50%		7/24/2031	—		(19)		(19)
			Secured Debt	(9)	7/24/2025		9.17%	SF+	5.50%		7/24/2031	10,017		9,886		9,782
			Preferred Equity		7/24/2025	7,292							729		570
													10,563		10,300
Airo Purchaser, Inc.	(10)	Provider of HVAC and Plumbing Installation Services
			Secured Debt	(9) (25)	8/1/2025			SF+	5.25%		8/1/2030	—		(60)		(60)
			Secured Debt	(9) (25)	8/1/2025			SF+	5.25%		8/1/2030	—		(30)		(30)
			Secured Debt	(9)	8/1/2025		8.92%	SF+	5.25%		8/1/2030	27,526		27,110		27,526
			Common Equity		8/1/2025	1,521							1,521		1,650
													28,541		29,086
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		—

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)
American Health Staffing Group, Inc.	(10)	Healthcare Temporary Staffing
			Secured Debt	(9) (25)	11/19/2021			P+	5.25%		11/19/2028	—		(2)		(2)
			Secured Debt	(9)	11/19/2021		12.00%	P+	5.25%		11/19/2028	5,376		5,367		5,376
													5,365		5,374
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt		11/6/2023		15.00%			15.00%	11/6/2028	4,336		4,336		4,336
			Secured Debt	(9)	11/6/2023		10.28%	SF+	6.50%	10.28%	11/6/2028	9,218		9,218		9,218
			Preferred Equity		11/6/2023	32,507							14,060		17,427
			Preferred Equity		11/6/2023	32,507							—		—
			Common Equity		11/9/2021	3,898							234		—
													27,848		30,981
Archer Systems, LLC	(10)	Mass Tort Settlement Administration Solutions Provider
			Common Stock	(8)	8/11/2022	1,387,832							1,388		2,450
ATS Operating, LLC	(10)	For-Profit Thrift Retailer
			Secured Debt	(9) (32)	1/18/2022		9.92%	SF+	6.00%		1/18/2028	1,620		1,564		1,620
			Secured Debt	(9)	1/18/2022		8.92%	SF+	5.00%		1/18/2028	6,660		6,660		6,660
			Secured Debt	(9)	1/18/2022		10.92%	SF+	7.00%		1/18/2028	6,660		6,660		6,660
			Common Stock		1/18/2022	720,000							720		1,020
													15,604		15,960
Auria Space, LLC	(10)	Provider of Satellite Operations and Command Software for Defense and Intelligence Platforms
			Secured Debt	(9) (25)	12/31/2025			SF+	5.00%		12/31/2030	—		(160)		(160)
			Secured Debt	(9)	12/31/2025		8.68%	SF+	5.00%		12/31/2030	60,805		59,943		59,943
			Secured Debt	(9)	12/31/2025		8.68%	SF+	5.00%		12/31/2030	57,004		56,204		55,729
			Member Units		2/6/2026	562,714							3,040		3,040
													119,027		118,552
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO Provider
			Secured Debt	(9) (25)	12/23/2022			SF+	7.25%		12/23/2027	—		(56)		(56)
			Secured Debt	(9) (25)	12/18/2025			SF+	7.25%		12/23/2027	—		(33)		(33)
			Secured Debt	(9)	12/23/2022		11.11%	SF+	7.25%		12/23/2027	23,296		22,944		23,296
			Common Equity	(8)	12/15/2021	984							934		1,092
													23,789		24,299
Behavior Development Group Holdings	(10)	Applied Behavior Analysis Therapy Provider
			Secured Debt	(9) (32)	12/17/2025		9.67%	SF+	6.00%		12/17/2030	600		579		579
			Secured Debt	(9)	12/17/2025		9.70%	SF+	6.00%		12/17/2030	9,572		9,438		9,438
			Common Equity		12/17/2025	300							300		300
													10,317		10,317

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)
Berry Aviation, Inc.	(10)	Charter Airline Services
			Preferred Member Units	(29)	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		—
Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt	(9) (14)	1/9/2024		12.28%	SF+	8.50%	11.28%	5/6/2026	202		126		248
			Secured Debt	(9) (14)	10/19/2022		14.25%	P+	7.50%	13.25%	5/6/2026	2,780		2,731		89
			Secured Debt	(9) (14)	8/28/2020		12.28%	SF+	8.50%	11.28%	5/6/2026	4,183		3,908		—
			Common Stock		10/1/2020	723,184							1		—
			Warrants	(27)	10/19/2022	163,295					10/19/2032		1,036		—
													7,802		337
B-O-F Corporation	(10)	Manufacturer of Gravity Flow Shelving Solutions for Retail Applications
			Secured Debt	(9) (25)	2/3/2025			SF+	5.75%		2/3/2030	—		(16)		(16)
			Secured Debt	(9)	2/3/2025		8.41%	SF+	4.75%		2/3/2030	3,938		3,885		3,915
			Secured Debt	(9)	2/3/2025		10.41%	SF+	6.75%		2/3/2030	3,938		3,885		3,915
			Common Equity		2/3/2025	248,718							249		249
													8,003		8,063
Bond Brand Loyalty ULC	(10) (13) (21)	Provider of Loyalty Marketing Services
			Secured Debt	(9)	5/1/2023		9.56%	SF+	5.75%		5/1/2028	571		559		571
			Secured Debt	(9)	10/31/2025		9.56%	SF+	5.75%		5/1/2028	1,392		1,368		1,392
			Secured Debt	(9)	5/1/2023		8.56%	SF+	4.75%		5/1/2028	6,261		6,208		6,261
			Secured Debt	(9)	5/1/2023		10.56%	SF+	6.75%		5/1/2028	6,261		6,208		6,261
			Preferred Equity		5/1/2023	571							571		610
			Common Equity		5/1/2023	571							—		—
													14,914		15,095
Brainworks Software, LLC	(10)	Advertising Sales and Newspaper Circulation Software
			Secured Debt	(9) (14) (17)	8/12/2014		14.00%	P+	7.25%		7/22/2019	761		761		—
			Secured Debt	(9) (14) (17)	8/12/2014		14.00%	P+	7.25%		7/22/2019	7,056		7,056		—
													7,817		—
Brightwood Capital Fund Investments	(12) (13)	Investment Partnership
			LP Interests (Brightwood Capital Fund III, LP)	(30)	7/21/2014	1.59%							4,898		2,607
			LP Interests (Brightwood Capital Fund IV, LP)	(8) (30)	10/26/2016	0.59%							3,202		3,224
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	0.72%							4,900		5,146
													13,000		10,977

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)
CaseWorthy, Inc.	(10)	SaaS Provider of Case Management Solutions
			Common Equity		12/30/2022	325,408							325		710
Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9) (32)	2/7/2022		10.66%	SF+	6.75%		2/7/2027	4,764		4,684		4,764
			Secured Debt	(9)	2/7/2022		10.64%	SF+	6.75%		2/7/2027	35,701		35,575		35,701
			Secured Debt	(9)	6/24/2022		10.64%	SF+	6.75%		2/7/2027	1,978		1,971		1,978
			Secured Debt	(9)	3/27/2023		10.64%	SF+	6.75%		2/7/2027	4,781		4,754		4,781
													46,984		47,224
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17)	9/23/2014						1/5/2015	2,628		2,628		8
Computer Data Source, LLC	(10)	Third Party Maintenance Provider to the Data Center Ecosystem
			Secured Debt		3/6/2026		15.00%			15.00%	8/6/2026	758		736		736
			Secured Debt	(9) (32)	8/6/2021		12.06%	SF+	8.25%	12.06%	8/6/2026	9,062		9,045		7,767
			Secured Debt	(9)	8/6/2021		12.06%	SF+	8.25%	12.06%	8/6/2026	22,022		21,997		18,874
													31,778		27,377
Core Transformers	(10)	Refurbisher and Distributor of Electric Transformers
			Secured Debt	(9) (25)	9/24/2025			SF+	5.50%		9/23/2031	—		(57)		(57)
			Secured Debt	(9) (25)	9/24/2025			SF+	5.50%		9/23/2031	—		(57)		(57)
			Secured Debt	(9)	9/24/2025		9.18%	SF+	5.50%		9/23/2031	6,269		6,156		6,269
			Common Equity		9/24/2025	626,923							627		1,030
													6,669		7,185
Coregistics Buyer LLC	(10) (13) (21)	Contract Packaging Service Provider
			Secured Debt	(9)	6/29/2024		10.17%	SF+	6.50%		6/28/2029	1,669		1,612		1,650
			Secured Debt	(9)	6/29/2024		10.17%	SF+	6.50%		6/28/2029	10,543		10,378		10,424
			Secured Debt	(9)	6/29/2024		10.42%	SF+	6.75%		6/28/2029	31,709		31,196		30,982
			Secured Debt	(9)	8/15/2024		10.16%	SF+	6.50%		6/28/2029	7,029		6,935		6,949
													50,121		50,005
CoreStack, Inc.	(10)	Multi-Cloud Governance Platform Provider
			Secured Debt		3/25/2026		10.00%			10.00%	9/25/2028	1,378		1,378		1,378
			Secured Debt		3/25/2026						9/25/2028	13,089		13,089		13,089
													14,467		14,467
CQ Fluency, LLC	(10)	Global Language Services Provider
			Secured Debt	(9) (25)	12/27/2023			SF+	6.50%		6/27/2027	—		(24)		(24)
			Secured Debt	(9)	12/27/2023		10.30%	SF+	6.50%		6/27/2027	10,125		10,016		10,125
													9,992		10,101

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)
CRC Evans USA 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) (25)	8/19/2022			SF+	6.75%		6/30/2029	—		(151)		—
			Secured Debt	(9) (25)	12/31/2025			SF+	6.75%		6/30/2029	—		(260)		(260)
			Secured Debt	(9)	12/31/2025		10.71%	SF+	6.75%		6/30/2029	9,419		9,248		9,419
			Secured Debt	(9)	8/19/2022		10.71%	SF+	6.75%		6/30/2029	14,756		14,449		14,756
													23,286		23,915
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+	7.00%		6/27/2029	—		(171)		(171)
			Secured Debt	(9)	3/4/2025		10.65%	SF+	7.00%		6/27/2029	5,531		5,442		5,531
			Secured Debt	(9)	6/27/2024		10.70%	SF+	7.00%		6/27/2029	88,683		87,514		88,683
			Common Equity		3/4/2025	10,851							1,085		680
													93,870		94,723
Dalton US Inc.	(10)	Provider of Supplemental Labor Services
			Common Stock		8/16/2022	515							720		650
Dynamic Communities, LLC	(10)	Developer of Business Events and Online Community Groups
			Secured Debt	(9)	12/20/2022		11.77%	SF+	8.00%	11.77%	12/31/2026	2,689		2,610		2,689
			Secured Debt	(9)	12/20/2022		12.77%	SF+	9.00%		12/31/2026	2,493		2,259		2,463
			Preferred Equity		12/20/2022	125,000							128		110
			Preferred Equity		12/20/2022	2,376,241							—		—
			Common Equity		12/20/2022	1,250,000							—		—
													4,997		5,262
Electro Technical Industries, LLC	(10)	Manufacturer of Mission-Critical Electrical Distribution Systems
			Secured Debt	(9) (25)	3/31/2025			SF+	5.50%		3/31/2030	—		(140)		(140)
			Secured Debt	(9) (26)	3/31/2025		9.18%	SF+	5.50%		3/31/2030	49,837		49,047		49,837
			Common Equity		3/31/2025	1,464,286							1,464		3,240
													50,371		52,937
Emerald Technologies Acquisition Co, Inc.	(11)	Design & Manufacturing
			Secured Debt	(9)	2/10/2022		10.10%	SF+	6.25%		12/29/2027	9,330		9,242		5,726
EnCap Energy 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 (EnCap Energy Capital Fund VIII, L.P.)	(8) (30)	1/22/2015	0.14%						2,560		77
			LP Interests (EnCap Energy Capital Fund VIII Co-Investors, L.P.)	(8) (30)	1/21/2015	0.38%						1,394		5
			LP Interests (EnCap Energy Capital Fund IX, L.P.)	(8) (30)	1/22/2015	0.10%						3,172		871
			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%						6,995		4,202
			LP Interests (EnCap Energy Capital Fund XII, L.P.)	(8) (30)	8/31/2023	0.19%						7,581		8,132
			LP Interests (EnCap Flatrock Midstream Fund II, L.P.)	(30)	3/30/2015	0.84%						3,799		15
			LP Interests (EnCap Flatrock Midstream Fund III, L.P.)	(8) (30)	3/27/2015	0.25%						3,300		1,119
												28,801		14,421
Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (25)	4/7/2023			SF+	6.00%	4/7/2029	—		(20)		—
			Secured Debt	(9)	10/2/2024		9.70%	SF+	6.00%	4/7/2029	1,344		1,328		1,344
			Secured Debt	(9)	4/7/2023		9.70%	SF+	6.00%	4/7/2029	25,319		24,927		25,319
			Common Equity		4/7/2023	649,794						663		910
												26,898		27,573
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems
			Secured Debt	(9)	12/22/2021		10.96%	SF+	7.00%	12/22/2026	3,692		3,687		3,692
			Secured Debt	(9)	12/22/2021		10.96%	SF+	7.00%	12/22/2026	47,897		47,832		47,897
												51,519		51,589
EWMW LP	(12) (13)	Investment Partnership
			Secured Debt		12/23/2025		9.69%	SF+	6.00%		3,048		3,048		3,048
Fuse, LLC	(11)	Cable Networks Operator
			Secured Debt		6/30/2019		2.50%			12/31/2028	1,810		1,810		141
			Common Stock		6/30/2019	10,429						256		—
												2,066		141
Garyline, LLC	(10)	Manufacturer of Consumer Plastic Products
			Secured Debt	(9) (32)	4/14/2025		10.92%	SF+	7.25%	10/14/2027	2,053		1,992		2,053
			Secured Debt	(9)	4/14/2025		10.92%	SF+	7.25%	10/14/2027	28,424		28,075		28,424
			Common Equity		11/10/2023	705,882						706		450
												30,773		30,927
GradeEight Corp.	(10)	Distributor of Maintenance and Repair Parts
			Secured Debt	(9) (32)	10/4/2024		11.18%	SF+	7.50%	10/4/2029	903		833		889

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)	10/4/2024		11.18%	SF+	7.50%		10/4/2029	4,176		4,096		4,096
			Secured Debt	(9) (26)	10/4/2024		11.17%	SF+	7.50%		10/4/2029	30,615		30,184		29,972
			Common Equity		10/4/2024	1,653							1,634		1,030
													36,747		35,987
GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor
			Secured Debt	(9) (32)	10/18/2019		10.27%	SF+	6.50%		11/30/2026	6,061		6,047		6,061
			Secured Debt	(9)	10/18/2019		10.27%	SF+	6.50%		11/30/2026	10,364		10,328		10,364
			Secured Debt	(9)	9/15/2023		10.27%	SF+	6.50%		11/30/2026	930		927		930
			Secured Debt	(9)	12/22/2023		10.27%	SF+	6.50%		11/30/2026	222		221		222
			Secured Debt	(9)	8/22/2024		10.27%	SF+	6.50%		11/30/2026	5,996		5,974		5,996
													23,497		23,573
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (32)	9/30/2022		10.77%	SF+	7.00%		9/30/2028	353		344		330
			Secured Debt	(9)	9/30/2022		10.78%	SF+	7.00%		9/30/2028	294		286		275
			Secured Debt	(9)	9/30/2022		10.77%	SF+	7.00%		9/30/2028	3,533		3,496		3,301
													4,126		3,906
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (423 AER II, LP)	(30)	6/2/2025	4.13%							1,590		1,831
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9) (14)	3/7/2024		9.01%	SF+	3.50%	2.50%	6/21/2026	2,607		2,557		1,964
			Secured Debt	(14)	3/7/2024		2.50%			2.50%	6/21/2026	1,626		713		—
			Common Equity		3/7/2024	64,029							—		—
													3,270		1,964
Hornblower Sub, LLC	(10)	Marine Tourism and Transportation
			Secured Debt	(9) (32)	7/3/2024		9.18%	SF+	5.50%	1.50%	7/3/2029	4,892		4,860		4,839
			Secured Debt	(9)	7/3/2024		9.15%	SF+	5.50%	1.50%	7/3/2029	32,928		32,699		32,509
													37,559		37,348
HOWLCO LLC	(11) (13) (21)	Provider of Accounting and Business Development Software to Real Estate End Markets
			Secured Debt	(9)	8/19/2021		10.33%	SF+	6.50%	3.50%	10/23/2027	27,423		27,423		26,578
Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel
			Secured Debt	(9)	6/30/2021		11.91%	SF+	8.25%		12/31/2027	7,200		7,126		7,200
IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9) (25)	7/30/2021			SF+	5.75%		7/30/2028	—		(7)		—

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)	7/30/2021		9.52%	SF+	5.75%		7/30/2028	10,101		10,049		10,101
			Secured Debt	(9)	7/30/2021		9.52%	SF+	5.75%		7/30/2028	4,840		4,813		4,840
													14,855		14,941
Ignite Visibility LLC	(10)	Digital Marketing Services Agency
			Secured Debt	(9)	12/15/2025		8.41%	SF+	4.75%		12/1/2028	4,759		4,695		4,695
			Secured Debt	(9)	12/15/2025		10.41%	SF+	6.75%		12/1/2028	4,759		4,695		4,695
													9,390		9,390
Imaging Business Machines, L.L.C.	(10)	Technology Hardware & Equipment
			Common Equity	(8)	6/8/2023	849							1,166		1,090
Implus Footcare, LLC	(10)	Provider of Footwear and Related Accessories
			Secured Debt	(9)	6/13/2025		9.70%	SF+	6.00%	4.00%	10/30/2028	1,963		1,963		1,963
			Secured Debt	(9)	7/31/2025		9.70%	SF+	6.00%	9.70%	10/30/2028	4,532		4,532		4,532
			Common Equity		7/31/2025	4,238,917							5,680		3,740
													12,175		10,235
Insight Borrower Corporation	(10)	Test, Inspection, and Certification Instrument Provider
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2028	—		(35)		(35)
			Secured Debt	(9)	7/19/2023		9.92%	SF+	6.25%		7/19/2029	14,097		13,863		12,838
			Common Equity		7/19/2023	131,100							656		110
													14,484		12,913
Inspire Aesthetics Management, LLC	(10)	Surgical and Non-Surgical Plastic Surgery and Aesthetics Provider
			Secured Debt	(9)	4/3/2023		13.27%	SF+	9.50%	1.50%	4/3/2028	861		852		813
			Secured Debt	(9)	4/3/2023		13.27%	SF+	9.50%	1.50%	4/3/2028	7,324		7,250		6,915
			Secured Debt	(9)	6/14/2023		13.27%	SF+	9.50%	1.50%	4/3/2028	2,946		2,918		2,781
			Secured Debt	(9)	12/31/2024		13.27%	SF+	9.50%	1.50%	4/3/2028	340		340		321
			Common Equity		4/3/2023	177,594							463		97
													11,823		10,927
Interface Security Systems, L.L.C	(10)	Commercial Security & Alarm Services
			Secured Debt	(17) (32)	12/9/2021		13.77%	SF+	10.00%	13.77%	8/7/2023	2,475		2,475		2,160
			Secured Debt	(9) (14) (17)	8/7/2019		11.02%	SF+	7.00%	11.02%	8/7/2023	7,313		7,237		5
			Common Stock		12/7/2021	2,143							—		—
													9,712		2,165
Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats
			Secured Debt	(9)	8/28/2019		11.32%	SF+	7.50%		3/31/2028	1,556		1,550		1,226
			Secured Debt	(9) (26)	8/28/2019		11.32%	SF+	8.00%	3.32%	3/31/2028	16,945		16,909		13,288
													18,459		14,514
Isagenix International, LLC	(11)	Direct Marketer of Health & Wellness Products

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) (14)	4/13/2023		11.27%	SF+	7.50%	8.77%	4/14/2028	3,159		3,012		457
			Common Equity		4/13/2023	198,743							—		—
													3,012		457
Island Pump and Tank, LLC	(10)	Provider of Facility and Maintenance Services to Fuel Retailers in Northeast U.S.
			Secured Debt	(9)	5/20/2024		10.92%	SF+	7.00%		5/17/2029	456		453		386
			Secured Debt	(9)	5/20/2024		9.92%	SF+	6.00%		5/17/2029	2,111		2,086		1,785
			Secured Debt	(9)	5/20/2024		10.92%	SF+	7.00%		5/17/2029	2,111		2,086		1,785
			Secured Debt	(9)	5/20/2024		11.92%	SF+	8.00%		5/17/2029	2,111		2,086		1,785
													6,711		5,741
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9) (26)	10/26/2022		11.31%	SF+	7.50%		11/4/2026	740		737		740
			Secured Debt	(9) (26)	2/27/2024		11.29%	SF+	7.50%		11/4/2026	625		623		625
			Secured Debt	(9) (26)	11/1/2024		11.18%	SF+	7.50%		11/4/2026	667		661		667
			Secured Debt	(9)	11/8/2021		11.31%	SF+	7.50%		11/4/2026	1,711		1,705		1,712
			Preferred Equity		11/8/2021	2,826,667							110		650
													3,836		4,394
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(9)	3/30/2024		11.77%	SF+	8.00%		3/29/2029	1,833		1,833		1,833
			Secured Debt	(9)	3/30/2024		11.77%	SF+	8.00%		3/29/2029	1,369		1,369		1,369
			Common Stock		3/29/2024	5,461,019							200		280
													3,402		3,482
LKCM Headwater Investments	(12) (13)	Investment Partnership
			LP Interests (LKCM Headwater Investments I, L.P.)	(8) (30)	1/25/2013	2.27%							—		265
			Common Equity (LKCM Headwater CV I Minerals, L.P.)	(30)	3/27/2026	1.82%							618		618
													618		883
LLFlex, LLC	(10)	Provider of Metal-Based Laminates
			Secured Debt	(9)	8/16/2021		11.81%	SF+	8.00%	3.00%	12/31/2029	4,246		4,163		3,453
Logix Acquisition Company, LLC	(10)	Competitive Local Exchange Carrier
			Secured Debt	(9)	4/11/2025		11.17%	SF+	7.50%	2.75%	12/31/2028	44,438		43,812		44,438
			Secured Debt		4/11/2025						12/31/2028	2,963		2,344		2,260
													46,156		46,698
Looking Glass Investments, LLC	(12) (13)	Specialty Consumer Finance
			Member Units		7/1/2015	3							125		25

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)
MCT Purchaserco Holding Inc.	(10) (13) (21)	Manufacturer and Distributor of High-Voltage Disconnect Switches
			Secured Debt	(9)	12/1/2025		9.20%	SF+	5.50%	12/2/2030	8,944		8,838		8,838
			Secured Debt	(9)	12/1/2025		9.17%	SF+	5.50%	12/2/2030	39,656		39,284		39,284
			Common Equity		12/1/2025	1,590,287						1,139		1,139
												49,261		49,261
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25)	4/4/2022			SF+	5.50%	4/3/2028	—		(24)		(24)
			Secured Debt	(9)	11/20/2024		9.27%	SF+	5.50%	4/3/2028	10,995		10,904		10,995
			Secured Debt	(9)	4/4/2022		9.27%	SF+	5.50%	4/3/2028	13,346		13,254		13,346
												24,134		24,317
Mini Melts of America, LLC	(10)	Manufacturer and Distributor of Branded Premium Beaded Ice Cream
			Secured Debt	(9) (32)	11/30/2023		9.92%	SF+	6.25%	11/30/2028	1,540		1,517		1,429
			Secured Debt	(9) (26)	11/30/2023		9.92%	SF+	6.25%	11/30/2028	1,302		1,284		1,208
			Secured Debt	(9)	11/30/2023		8.92%	SF+	5.25%	11/30/2028	4,821		4,758		4,472
			Secured Debt	(9)	11/30/2023		10.92%	SF+	7.25%	11/30/2028	4,821		4,756		4,470
			Common Equity		11/30/2023	524,888						525		230
												12,840		11,809
Mission Critical Group	(10)	Backup Power Generation
			Secured Debt	(9) (25)	4/17/2025			SF+	5.50%	4/17/2030	—		(184)		(184)
			Secured Debt	(9)	4/17/2025		9.17%	SF+	5.50%	4/17/2030	14,661		14,263		14,661
			Secured Debt	(9)	4/17/2025		9.17%	SF+	5.50%	4/17/2030	65,932		64,874		65,932
			Common Equity		6/7/2023	1,234						1,234		22,240
												80,187		102,649
MonitorUS Holding, LLC	(10) (13) (21)	SaaS Provider of Media Intelligence Services
			Secured Debt	(9)	5/24/2022		10.21%	SF+	6.25%	5/24/2027	4,101		4,084		4,329
			Secured Debt	(9)	5/24/2022		10.21%	SF+	6.25%	5/24/2027	10,635		10,586		12,121
			Secured Debt	(9)	5/24/2022		10.21%	SF+	6.25%	5/24/2027	17,890		17,813		17,890
			Secured Debt	(9)	6/25/2025		10.21%	SF+	6.25%	5/24/2027	1,228		1,214		1,216
			Common Stock		8/30/2022	111,058,246						1,221		545
												34,918		36,101
Obra Capital, Inc.	(10)	Provider of Asset Management Services Specialized in Insurance-Linked Strategies
			Secured Debt	(9) (25)	6/21/2024			SF+	7.25%	12/21/2028	—		(3)		(3)
			Secured Debt	(9)	6/21/2024		11.04%	SF+	7.25%	6/21/2029	26,023		25,522		26,023
			Secured Debt	(9)	5/13/2025		11.04%	SF+	7.25%	6/21/2029	3,147		3,073		3,147
												28,592		29,167
OnPoint Industrial Services, LLC	(10)	Environmental & Facilities Services
			Secured Debt	(9)	12/18/2024		9.45%	SF+	5.75%	11/16/2027	1,383		1,373		1,383
			Secured Debt	(9)	4/1/2024		9.45%	SF+	5.75%	11/16/2027	3,841		3,819		3,841

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)
													5,192		5,224
Ospemifene Royalty Sub LLC	(10)	Estrogen-Deficiency Drug Manufacturer and Distributor
			Secured Debt	(14)	7/8/2013						11/15/2026	4,335		4,335		6
PavCon LLC	(10)	Provider of Predictive Data Analytics to the Department of Defense
			Secured Debt	(9) (25)	1/2/2026			SF+	5.50%		1/2/2031	—		(29)		(29)
			Secured Debt	(9) (25)	1/2/2026			SF+	5.50%		1/2/2031	—		(29)		(29)
			Secured Debt	(9)	1/2/2026		9.46%	SF+	5.50%		1/2/2031	10,850		10,644		10,644
													10,586		10,586
Peaches Holding Corporation		Wholesale Provider of Consumer Packaging Solutions
			Common Equity		5/22/2024	3,226							7,221		—
PrimeFlight Aviation Services	(10) (13)	Air Freight & Logistics
			Secured Debt	(9)	5/1/2023		9.16%	SF+	5.50%		5/1/2029	7,780		7,630		7,780
			Secured Debt	(9)	9/7/2023		9.20%	SF+	5.50%		5/1/2029	743		727		743
			Secured Debt	(9)	1/30/2024		9.20%	SF+	5.50%		5/1/2029	747		735		747
			Secured Debt	(9)	6/28/2024		8.95%	SF+	5.25%		5/1/2029	848		840		848
			Secured Debt	(9)	1/21/2025		8.92%	SF+	5.25%		5/1/2029	1,881		1,867		1,881
			Secured Debt	(9)	7/31/2025		8.92%	SF+	5.25%		5/1/2029	2,016		2,000		2,016
			Secured Debt	(9)	11/21/2025		8.41%	SF+	4.75%		5/1/2029	2,123		2,104		2,123
			Secured Debt	(9)	2/4/2026		8.41%	SF+	4.75%		5/1/2029	11,573		11,464		11,573
													27,367		27,711
Richardson Sales Solutions	(10)	Business Services
			Secured Debt	(9) (25)	8/24/2023			SF+	5.00%		8/24/2028	—		(49)		—
			Secured Debt	(9)	8/24/2023		8.67%	SF+	5.00%		8/24/2028	32,949		32,401		32,945
			Secured Debt	(9)	9/10/2024		8.65%	SF+	5.00%		8/24/2028	21,406		21,145		21,404
													53,497		54,349
Roof Opco, LLC	(10)	Residential Re-Roofing/Repair
			Secured Debt	(25)	8/27/2021						8/31/2029	—		(2)		—
			Secured Debt		8/27/2021		10.00%			10.00%	8/31/2029	3,672		3,657		2,742
			Secured Debt		8/27/2021		10.00%			10.00%	8/31/2029	3,708		3,693		2,656
													7,348		5,398
Royal Cup Inc.	(10)	Coffee Roaster and Beverage Solutions Provider
			Secured Debt	(9)	11/26/2025		8.91%	SF+	5.25%		11/26/2030	4,188		3,978		4,143
			Secured Debt	(9) (25)	11/26/2025			SF+	5.25%		11/26/2030	—		(79)		(79)
			Secured Debt	(9) (25)	11/26/2025			SF+	5.25%		11/26/2030	—		(341)		(341)
			Secured Debt	(9)	11/26/2025		8.93%	SF+	5.25%		11/26/2030	53,167		52,430		52,596
			Preferred Equity		11/26/2025	3,807,144							3,807		3,807
													59,795		60,126

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		9.17%	SF+	5.50%		5/16/2028	2,821		2,820		2,821
			Secured Debt	(9)	7/16/2021		9.20%	SF+	5.50%		5/16/2028	6,727		6,644		6,727
													9,464		9,548
South Coast Terminals Holdings, LLC	(10)	Specialty Toll Chemical Manufacturer
			Secured Debt	(9) (25)	8/8/2024			SF+	5.25%		8/8/2029	—		—		—
			Secured Debt	(9)	8/8/2024		9.02%	SF+	5.25%		8/8/2029	53,320		53,041		53,320
			Secured Debt	(9)	7/31/2025		9.02%	SF+	5.25%		8/8/2029	10,449		10,363		10,449
			Common Equity		12/10/2021	864							864		1,013
													64,268		64,782
SPAU Holdings, LLC	(10)	Digital Photo Product Provider
			Secured Debt	(9) (32)	7/1/2022		10.84%	SF+	7.00%		7/2/2029	1,469		1,433		1,469
			Secured Debt	(9)	7/1/2022		10.85%	SF+	7.00%		7/2/2029	15,369		15,192		15,369
			Common Stock		7/1/2022	638,710							639		630
													17,264		17,468
TEC Services, LLC	(10)	Provider of Janitorial Service for Food Retailers
			Secured Debt	(9) (25)	12/31/2024			SF+	5.50%		12/31/2029	—		(71)		(71)
			Secured Debt	(9) (25)	12/31/2024			SF+	5.50%		12/31/2029	—		(53)		(53)
			Secured Debt	(9)	12/31/2024		9.30%	SF+	5.50%		12/31/2029	31,985		31,632		31,985
													31,508		31,861
Tectonic Financial, LLC		Financial Services Organization
			Common Stock	(8)	5/15/2017	200,000							2,000		5,000
Tex Tech Tennis, LLC	(10)	Sporting Goods & Textiles
			Preferred Equity	(8) (29)	7/7/2021	1,000,000							1,000		3,100
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)	3/11/2024		10.20%	SF+	6.50%		3/11/2029	1,439		1,366		1,439
			Secured Debt	(9)	3/11/2024		10.20%	SF+	6.50%		3/11/2029	33,499		32,809		33,499
			Secured Debt	(9)	2/27/2025		10.20%	SF+	6.50%		3/11/2029	4,287		4,210		4,287
			Secured Debt	(9)	8/5/2025		10.20%	SF+	6.50%		3/11/2029	4,851		4,752		4,851
			Preferred Equity		3/11/2024	1,358,892	8.00%			8.00%			1,375		1,830
													44,512		45,906
U.S. TelePacific Corp.	(11)	Provider of Communications and Managed Services
			Secured Debt	(9)	3/18/2026		14.78%	SF+	11.00%	10.00%	5/2/2026	658		658		658
			Secured Debt	(9) (14)	6/1/2023		13.75%	P+	7.00%	7.00%	5/2/2027	9,811		2,611		4,038
			Secured Debt	(14)	6/1/2023						5/2/2027	1,003		20		—

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)
													3,289		4,696
UBM AcquireCo LLC		Mail Commingling and Logistics Provider
			Secured Debt	(25)	12/20/2025						12/20/2027	—		(34)		(34)
			Secured Debt		12/20/2025		10.00%				12/20/2030	42,800		42,400		42,400
			Common Equity	(8)	12/20/2025	80							8,000		8,000
													50,366		50,366
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)	3/10/2026		10.17%	SF+	6.50%		7/29/2029	13,134		12,871		13,131
			Secured Debt	(9)	3/10/2026		10.17%	SF+	6.50%		7/29/2029	3,541		3,461		3,540
			Secured Debt	(9)	7/29/2024		10.17%	SF+	6.50%		7/27/2029	42,794		42,232		42,784
			Common Equity		7/29/2024	1,443							1,443		1,630
													60,007		61,085
UserZoom Technologies, Inc.	(10)	Provider of User Experience Research Automation Software
			Secured Debt	(9)	1/7/2026		11.40%	SF+	7.75%	1.75%	4/5/2029	323		317		323
			Secured Debt	(9)	1/11/2023		11.42%	SF+	7.75%	1.75%	4/5/2029	4,016		3,950		4,016
													4,267		4,339
Vitesse Systems	(10)	Component Manufacturing and Machining Platform
			Secured Debt	(32)	12/22/2023		10.95%	SF+	7.00%		12/22/2028	7,727		7,609		7,727
			Secured Debt	(9)	3/4/2026		10.92%	SF+	7.00%		12/22/2028	3,883		3,789		3,883
			Secured Debt	(9)	12/22/2023		10.96%	SF+	7.00%		12/22/2028	41,544		40,979		41,544
													52,377		53,154
VORTEQ Coil Finishers, LLC	(10)	Specialty Coating of Aluminum and Light-Gauge Steel
			Common Equity	(8)	11/30/2021	1,038,462							1,038		4,030
Wash & Wax Systems LLC	(10)	Express Car Wash Operator
			Secured Debt	(9) (32)	4/30/2025		9.19%	SF+	5.50%		4/30/2028	322		322		322
			Secured Debt	(9)	4/30/2025		9.17%	SF+	5.50%		4/30/2028	7,498		7,498		7,498
			Secured Debt		4/30/2025		12.00%			12.00%	7/31/2028	5,392		5,392		5,392
			Common Equity		4/30/2025	3,219							3,410		1,370
													16,622		14,582
Watterson Brands, LLC	(10)	Facility Management Services
			Secured Debt	(14)	12/17/2021		12.00%			4.00%	12/17/2026	2,339		2,257		1,343
			Secured Debt	(14)	12/17/2021		12.00%			4.00%	12/17/2026	402		380		231
			Secured Debt	(14)	12/17/2021		12.00%			4.00%	12/17/2026	16,540		15,978		9,499
			Secured Debt	(14)	12/17/2021		12.00%			4.00%	12/17/2026	13,230		12,780		7,598
													31,395		18,671

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)
Winter Services LLC	(10)	Provider of Snow Removal and Ice Management Services
			Secured Debt	(9) (32)	11/19/2021	11.43%	SF+	7.50%	11/19/2027	2,933		2,875		2,933
			Secured Debt	(9)	11/19/2021	11.42%	SF+	7.50%	11/19/2027	1,874		1,866		1,874
			Secured Debt	(9)	1/16/2024	10.42%	SF+	6.50%	11/19/2027	7,240		7,192		7,240
			Secured Debt	(9)	1/16/2024	12.42%	SF+	8.50%	11/19/2027	7,240		7,192		7,240
											19,125		19,287
Xenon Arc, Inc.	(10)	Tech-enabled Distribution Services to Chemicals and Food Ingredients Primary Producers
			Secured Debt	(9)	12/17/2021	9.54%	SF+	5.75%	12/20/2028	23,510		23,330		23,510
			Secured Debt	(9)	12/17/2021	9.52%	SF+	5.75%	12/20/2028	36,959		36,702		36,960
			Secured Debt	(9)	3/31/2025	9.55%	SF+	5.75%	12/20/2028	10,525		10,374		10,525
											70,406		70,995
YS Garments, LLC	(11)	Designer and Provider of Branded Activewear
			Secured Debt	(9) (26)	8/22/2018	11.26%	SF+	7.50%	8/9/2027	10,592		10,520		9,007
ZRG Partners, LLC	(10)	Talent Advisory Services Provider
			Secured Debt	(9)	6/14/2024	11.75%	P+	5.00%	6/14/2029	8,685		8,552		8,685
			Secured Debt	(9) (26)	6/14/2024	9.69%	SF+	6.00%	6/14/2029	15,920		15,670		15,920
			Secured Debt	(9)	6/14/2024	9.60%	SF+	6.00%	6/14/2029	6,485		6,399		6,485
			Secured Debt	(9)	6/14/2024	9.69%	SF+	6.00%	6/14/2029	46,385		45,767		46,385
											76,388		77,475
Subtotal Non-Control/Non-Affiliate investments (65.8% of net assets at fair value)											$2,081,821		$2,036,083
Total Portfolio Company investments, March 31, 2026 (183.4% of net assets at fair value)											$4,933,484		$5,674,751
Money market funds (included in cash and cash equivalents)
Dreyfus Government Cash Management (35)											$3,968		$3,968
Fidelity Government Fund (36)											1,230		1,230
Fidelity Treasury (31)											363		363
Total money market funds											$5,561		$5,561

(1)All investments are LMM (as defined below) portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of LMM portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Corporate Facility or SPV Facility (each as defined below) or in support of the debentures guaranteed by the SBA (as defined below) and issued by the Funds (as defined below).

(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 Secured Overnight Financing Rate (“SOFR”) floors which range between 0.50% and 5.25%, with a weighted-average floor of 1.29%.

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

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

(12)Other Portfolio (as defined below) 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 (as defined below). Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets.

(14)Non-accrual or 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 (as defined below). Investment is not encumbered as security for the Credit Facilities (as defined below) 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, 2026.

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

(21)Portfolio company headquarters are located outside of the U.S.

(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+7.50% (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 11.80% 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, 2026. 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, 2026.

(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 Investment Portfolio (as 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, plus the Adjustment, exceeds the stated floor rate, as applicable. As of March 31, 2026, SOFR based contracts in the portfolio had Adjustments ranging from 0.10% to 0.26%.

(29)Shares/Units represent ownership in a related real estate or holding entity.

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

(31)Effective yield as of March 31, 2026 was approximately 3.31% on the Fidelity Treasury.

(32)Revolving line of credit 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, 2026.

(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 4.00%.

(35)Effective yield as of March 31, 2026 was approximately 3.54% on the Dreyfus Government Cash Management.

(36)Effective yield as of March 31, 2026 was approximately 3.29% on the Fidelity Government Fund.

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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.