Main Street Capital CORP

For the period ended Jun 30, 2026. Filed Aug 7, 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.

Jun 30, 2026 · Filed Aug 7, 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)—June 30, 2026

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		12.34%	SF+	8.50%	12.34%	3/28/2028	$321		$321		$321
			Secured Debt	(9)	3/25/2025		12.34%	SF+	8.50%	12.34%	3/28/2028	8,675		8,675		8,675
			Secured Debt	(9)	3/25/2025		12.34%	SF+	8.50%	12.34%	3/28/2028	8,675		8,675		7,205
			Preferred Equity		3/25/2025	26,638							8,970		3,780
													26,641		19,981
Analytical Systems Keco Holdings, LLC		Manufacturer of Liquid and Gas Analyzers
			Secured Debt		8/16/2019		13.25%				8/16/2029	3,692		3,663		3,663
			Preferred Member Units		5/20/2021	2,411							2,387		6,030
			Preferred Member Units		8/16/2019	3,108							3,200		600
			Warrants	(27)	8/16/2019	420					8/16/2029		316		—
													9,566		10,293
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt	(25)	3/7/2022						3/7/2027	—		(1)		—
			Secured Debt	(25)	3/7/2022						3/7/2027	—		—		—
			Secured Debt		3/7/2022		10.00%				3/7/2027	9,833		9,819		9,833
			Preferred Stock	(8)	3/7/2022	4,073							4,095		9,500
													13,913		19,333
BDB Holdings, LLC		Casual Restaurant Group
			Secured Debt		2/24/2025		12.00%				2/27/2027	2,574		2,574		2,574
			Preferred Equity		11/4/2024	19,536,995							19,537		6,450
													22,111		9,024
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(9) (22)	12/31/2020		11.98%	SF+	8.36%		10/31/2027	101,046		100,869		101,046
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%						14,000		32,100
													114,869		133,146
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		13.72%	SF+	10.00%		12/31/2026	5,016		5,016		5,016
			Preferred Member Units	(8)	1/9/2018	2,950							4,280		3,050
			Preferred Member Units	(8)	7/7/2025	312	15.00%			15.00%			360		360
													9,656		8,426
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	—		(9)		(9)
		Secured Debt		3/30/2018		14.00%				8/28/2028	25,800		25,781		25,393
		Preferred Member Units	(8)	7/31/2019	11,671	15.00%			15.00%			16,698		16,698
		Preferred Member Units	(8)	3/30/2018	8,729							16,402		8,391
												58,872		50,473
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300		42,170
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2029	—		(33)		—
		Secured Debt	(9)	2/26/2018		11.74%	SF+	8.00%		2/26/2029	41,220		41,023		41,220
		Member Units	(8)	2/26/2018	4,347							11,440		45,440
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773		4,330
												54,203		90,990
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		14.00%				1/31/2030	5,694		5,319		5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963		15,180
												7,282		20,874
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	8,904		8,841		8,904
		Secured Debt		12/20/2016		10.00%				12/20/2036	905		899		905
		Member Units	(8)	12/20/2016	717							7,280		14,890
		Member Units	(29)	12/20/2016	800							509		1,510
												17,529		26,209
Cody Pools, Inc.	Designer of Residential and Commercial Pools
		Secured Debt		3/6/2020		12.50%				12/3/2030	1,264		1,182		1,264
		Secured Debt		3/6/2020		12.50%				12/3/2030	33,618		33,129		33,618
		Preferred Member Units	(8) (29)	3/6/2020	587							8,317		63,390
												42,628		98,272
Colonial Electric Company LLC	Provider of Electrical Contracting Services
		Secured Debt	(25)	3/31/2021						3/31/2028	—		—		—
		Secured Debt		3/31/2021		9.00%				3/31/2028	8,779		8,697		8,779
		Preferred Member Units	(8)	3/31/2021	17,280							7,680		22,110
												16,377		30,889
CompareNetworks Topco, LLC	Internet Publishing and Web Search Portals
		Secured Debt	(9)	1/29/2019		14.72%	SF+	11.00%		1/29/2028	4,000		3,996		3,937

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		1/29/2019	2,250						3,520		2,620
												7,516		6,557
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt	(25)	11/22/2023					11/22/2028	—		(13)		(13)
			Secured Debt		11/22/2023		13.50%			11/22/2028	15,000		14,929		14,929
			Preferred Equity		11/22/2023	8,069						7,842		7,842
												22,758		22,758
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(30)	7/17/2017	38.75%						315		380
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	26,448		26,350		26,095
			Preferred Member Units		5/5/2023	556						15,000		770
			Preferred Equity		4/1/2025	2,400,000						2,400		6,910
												43,750		33,775
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		10.00%			12/31/2030	945		945		945
			Secured Debt		3/31/2021		10.00%			12/31/2030	7,722		7,718		2,215
			Preferred Member Units		3/31/2021	9,360						2,970		—
												11,633		3,160
Digital Products Holdings LLC		Designer and Distributor of Consumer Electronics
			Secured Debt	(9)	4/1/2018		13.62%	SF+	10.00%	4/27/2029	11,627		11,569		11,569
			Preferred Member Units	(8)	4/1/2018	3,857						9,501		9,835
												21,070		21,404
Direct Marketing Solutions, Inc.		Provider of Omni-Channel Direct Marketing Services
			Secured Debt	(25)	2/13/2018					2/28/2031	—		(28)		—
			Secured Debt		12/27/2022		14.00%			2/28/2031	43,857		43,536		43,857
			Preferred Stock		2/13/2018	9,936						13,040		31,944
												56,548		75,801
Doral Holdings, LLC		Machinery Moving, Rigging and Millwrighting Provider
			Secured Debt	(25)	5/20/2025					5/20/2030	—		—		—
			Secured Debt		5/20/2025		11.00%			5/20/2030	21,500		21,334		21,500
			Preferred Equity	(8)	5/20/2025	13,000						13,000		32,150
												34,334		53,650
Elgin AcquireCo, LLC		Manufacturer and Distributor of Engine and Chassis Components

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9) (25)	10/3/2022			SF+	6.00%	10/3/2027	—		(2)		(2)
			Secured Debt		10/3/2022		12.00%			10/3/2027	16,661		16,619		16,558
			Secured Debt		10/3/2022		9.00%			10/3/2052	6,184		6,129		6,129
			Common Stock		10/3/2022	285						5,726		4,080
			Common Stock	(29)	10/3/2022	939						1,558		3,400
												30,030		30,165
Flame King Holdings, LLC		Propane Tank and Accessories Distributor
			Secured Debt		6/30/2025		12.00%			6/30/2030	66,000		65,481		66,000
			Common Equity	(8) (29)	4/15/2026	3,929						3,929		3,929
			Preferred Equity	(8)	10/29/2021	9,360						10,400		57,920
												79,810		127,849
Gamber-Johnson Holdings, LLC		Manufacturer of Ruggedized Computer Mounting Systems
			Secured Debt	(9) (34)	6/24/2016		11.12%	SF+	7.50%	1/1/2028	1,600		1,600		1,600
			Secured Debt	(9) (34)	11/22/2024		11.12%	SF+	7.50%	1/1/2028	74,966		74,876		74,966
			Member Units	(8)	6/24/2016	9,042						17,692		124,460
			Member Units	(29)	12/15/2025	408						304		304
												94,472		201,330
Garreco, LLC		Manufacturer and Supplier of Dental Products
			Member Units		7/15/2013	1,200						1,200		1,340
GRT Rubber Technologies LLC		Manufacturer of Engineered Rubber Products
			Secured Debt		12/21/2018		9.72%	SF+	6.00%	10/29/2026	3,146		3,145		3,146
			Secured Debt		12/19/2014		11.72%	SF+	8.00%	10/29/2026	40,493		40,477		40,493
			Member Units	(8)	12/19/2014	5,879						13,065		42,910
												56,687		86,549
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		4,994
												4,755		7,632
Harrison Hydra-Gen, Ltd.		Manufacturer of Hydraulic Generators
			Common Stock	(8)	6/4/2010	107,456						718		6,500
IG Investor, LLC		Military and Other Tactical Gear

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		6/21/2023		13.00%				6/21/2028	800		784		800
			Secured Debt		6/21/2023		13.00%				6/21/2028	33,464		33,330		33,464
			Common Equity		6/21/2023	14,400							14,400		31,200
													48,514		65,464
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	578		578		578
			Member Units	(8)	11/14/2006	627							811		12,270
													1,389		12,848
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	23,321		23,286		23,286
			Preferred Equity	(8)	3/28/2022	109,926							10,993		13,740
													34,279		37,026
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9) (14)	8/25/2025		8.89%	SF+	5.00%	8.89%	6/20/2030	6,529		6,529		6,280
			Secured Debt	(9) (14)	8/25/2025		9.89%	SF+	6.00%	9.89%	6/20/2030	36,513		36,513		7,685
			Secured Debt	(14)	8/25/2025		15.00%			15.00%	6/20/2030	16,842		6,204		—
			Common Equity		12/22/2021	1,684,211							1,684		—
			Common Equity		8/25/2025	842,000							842		—
													51,772		13,965
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		11.50%				10/31/2029	11,509		11,402		11,402
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,883		3,853		3,853
			Preferred Equity	(8)	10/31/2018	581							12,240		19,850
			Member Units	(8) (29)	10/31/2018	800							992		4,190
													28,487		39,295
Legacy Swim Group		Swim Lessons Provider
			Secured Debt		4/30/2026		13.00%				11/7/2030	805		789		789
			Secured Debt		11/7/2025		13.00%				11/7/2030	32,000		31,723		31,723
			Preferred Equity	(8)	11/7/2025	366							14,996		14,996
													47,508		47,508
Metalforming Holdings, LLC		Distributor of Sheet Metal Folding and Metal Forming Equipment
			Secured Debt	(25)	10/19/2022						10/19/2026	—		(9)		—
			Secured Debt		10/19/2022		8.75%				10/19/2027	17,237		17,192		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		10,670
													24,636		33,823
Moffitt Holdings, LLC		Bulk Fuel and Lubricants Distributor
			Secured Debt		3/19/2025		13.00%				3/19/2030	33,250		33,005		33,005

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		3/19/2025	14,300						14,300		15,560
												47,305		48,565
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt	(9)	1/26/2021		6.62%	SF+	3.00%	3/23/2031	16,480		16,480		16,480
			LP Interests	(8) (30)	1/26/2021	14.51%						15,000		14,195
												31,480		30,675
MS Private Loan Fund II, LP	(12) (13)	Investment Partnership
			Secured Debt	(9) (25)	9/5/2023			SF+	3.00%	3/5/2029	—		(71)		(71)
			LP Interests	(8) (30)	9/5/2023	12.46%						10,500		11,503
												10,429		11,432
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%						29,500		225,200
MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Secured Debt	(9) (25)	2/26/2026			SF+	4.50%	12/31/2029	—		(137)		(137)
			Common Equity	(8)	5/2/2022	2,025,220						30,013		23,432
												29,876		23,295
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		9,777		9,777
			Preferred Equity	(8)	3/28/2025	270						2,700		3,430
												12,477		13,207
NAPCO Precast, LLC		Precast Concrete Manufacturing
			Member Units	(8)	1/31/2008	2,955						4,145		10,260
			Member Units	(8) (29)	9/30/2025	468						—		620
												4,145		10,880
Nello Industries Investco, LLC		Manufacturer of Steel Poles and Towers For Critical Infrastructure
			Secured Debt		6/4/2024		13.00%			6/4/2029	41,344		41,155		41,344
			Preferred Equity	(8)	6/4/2024	336,803						11,197		29,550
												52,352		70,894
NexRev LLC		Provider of Energy Efficiency Products & Services
			Preferred Member Units		2/28/2018	103,144,186						8,213		13,350
NRP Jones, LLC		Manufacturer of Hoses, Fittings and Assemblies
			Secured Debt	(14)	12/21/2017		12.00%			9/18/2028	2,191		2,161		369
			Preferred Equity		12/8/2011	495,000						482		—
			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

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)
											7,508		1,297
NuStep, LLC	Designer, Manufacturer and Distributor of Fitness Equipment
		Secured Debt	(9)	1/31/2017		10.22%	SF+	6.50%	1/31/2028	2,600		2,600		2,600
		Secured Debt		1/31/2017		12.00%			1/31/2030	18,440		18,184		17,689
		Preferred Member Units		11/2/2022	2,400						2,785		6,470
		Preferred Member Units		1/31/2017	486						11,866		10,040
											35,435		36,799
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%			12/31/2029	29,000		28,961		29,000
		Preferred Member Units	(8)	4/1/2008	900						1,080		77,300
											30,041		106,300
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		14.72%	SF+	11.00%	7/31/2026	20,760		20,757		20,760
		Preferred Stock	(29)	7/30/2021	10,000						10,000		10,340
											30,757		31,100
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	—		(8)		—
		Secured Debt		12/21/2023		13.00%			12/21/2028	26,080		25,950		26,080
		Preferred Equity	(8)	12/21/2023	440						12,540		20,440
											38,482		46,520
PPL RVs, Inc.	Recreational Vehicle Dealer
		Secured Debt	(9) (25)	10/31/2019			SF+	8.75%	11/15/2027	—		(2)		—
		Secured Debt	(9)	11/15/2016		12.54%	SF+	8.75%	11/15/2027	15,191		15,143		15,191
		Common Stock	(8)	6/10/2010	2,000						2,150		16,060
		Common Stock	(8) (29)	6/14/2022	238,421						238		678
											17,529		31,929
Principle Environmental, LLC	Noise Abatement Service Provider
		Secured Debt		7/1/2011		13.00%			11/15/2026	4,897		4,890		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
											11,799		21,387
Quality Lease Service, LLC	Provider of Rigsite Accommodation Unit Rentals and Related Services
		Member Units		6/8/2015	1,000						7,508		477
River Aggregates, LLC	Processor of Construction Aggregates
		Member Units	(8) (29)	12/20/2013	1,500						369		9,780

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)
Robbins Bros. Jewelry, Inc. · Bridal Jewelry Retailer
		Secured Debt	(14) (25)	12/15/2021				12/15/2026	—		(73)		(73)
		Secured Debt	(14)	12/15/2021		12.50%	10.00%	12/15/2026	33,660		31,345		13,841
		Preferred Equity		12/15/2021	11,070					11,070		—
										42,342		13,768
Shift Transit ParentCo, LP	Micromobility Operator for Bikeshare and Scootershare
		Secured Debt		4/22/2026		13.00%		4/22/2029	1,750		1,734		1,734
		Secured Debt		4/22/2026		13.00%		4/22/2031	17,800		17,632		17,632
		Secured Debt		4/22/2026		13.00%		4/22/2031	10,200		10,104		10,104
		Preferred Equity		4/22/2026	12,000					12,000		12,000
										41,470		41,470
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		23,176		23,176
		Preferred Member Units		2/27/2026	4,650					4,650		4,650
										27,826		27,826
Tedder Industries, LLC	Manufacturer of Firearm Holsters and Accessories
		Secured Debt	(17)	8/31/2018		12.00%	12.00%	8/31/2023	1,355		1,335		1,355
		Secured Debt	(14) (17)	8/31/2018		12.00%	12.00%	8/31/2023	15,200		15,045		5,828
		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		—
										26,850		7,183
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		612
										2,008		2,406
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		31,070		31,280
		Secured Debt		11/21/2025		9.00%		5/31/2027	2,040		2,036		2,040
		Secured Debt		3/25/2026		9.00%		5/31/2027	2,100		2,092		2,100
		Secured Debt		3/25/2026		9.00%		5/31/2027	400		399		400
		Common Stock	(8)	5/31/2019	654					6,021		27,450
		Common Equity	(29)	11/21/2025	723					696		696
										43,914		65,566
Trinity Medical Holdings, LLC	Orthopedic Healthcare Platform
		Secured Debt	(25)	10/8/2025				10/8/2030	—		—		—

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		10/8/2025		13.00%				10/8/2030	58,500		58,002		58,500
			Preferred Equity	(8)	10/8/2025	22,500							22,500		33,190
													80,502		91,690
Victory Energy Operations, LLC		Provider of Industrial and Commercial Combustion Systems
			Secured Debt		10/3/2024		13.00%				10/3/2029	2,154		2,132		2,132
			Secured Debt		10/3/2024		13.00%				10/3/2029	48,251		47,937		47,937
			Preferred Equity		10/3/2024	51,421							22,471		25,210
													72,540		75,279
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							1,229		1,746
			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		—
													19,905		3,846
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	22,800		22,781		22,781
			Preferred Equity	(29)	12/1/2021	12,240							12,240		12,240
													35,021		35,021
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 (81.7% of net assets at fair value)													$1,902,897		$2,587,784
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		4/15/2026		21.00%			21.00%	11/24/2032	$1,364		$1,094		$1,364
			Secured Debt		11/24/2025		21.00%			21.00%	11/24/2032	1,141		1,041		1,141
			Secured Debt		4/1/2025		20.00%			20.00%	11/24/2032	988		988		988
			Secured Debt	(14)	3/28/2025		20.00%			20.00%	11/24/2032	3,109		3,109		1,385
			Secured Debt	(14)	3/28/2025		20.00%			20.00%	11/24/2032	3,109		3,109		1,385
			Preferred Equity		3/28/2025	12,621,635							8,520		—
			Common Stock		12/11/2020	654,743							3,148		—
													21,009		6,263
BLI Acquisition, LLC		Healthcare Provider Data Services
			Secured Debt		2/2/2026		14.00%				2/2/2031	13,200		13,079		13,079

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		2/2/2026	210,000							2,100		2,100
													15,179		15,179
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
													2,512		2,886
Buca C, LLC		Casual Restaurant Group
			Secured Debt	(14) (17)	8/7/2024		15.00%			15.00%	11/4/2024	9,086		6,366		—
			Secured Debt	(14) (17)	6/28/2024		15.00%			15.00%	4/1/2025	19		—		—
			Secured Debt	(14) (17)	6/30/2015		15.00%			15.00%	8/31/2023	11,977		5,861		—
			Preferred Member Units		6/30/2015	6	6.00%			6.00%			4,770		—
													16,997		—
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	—		(40)		(40)
			Secured Debt		12/17/2021		13.00%				6/5/2030	21,892		21,516		21,516
			Common Stock		12/17/2021	540,597							5,406		5,406
													26,882		26,882
CenterPeak Holdings, LLC		Executive Search Services
			Preferred Equity	(8)	12/10/2021	3,310							3,635		28,300
CGMS Parent LLC		Commercial Subcontractor Specializing in Concrete Flatwork
			Secured Debt	(25)	12/26/2025						12/26/2030	—		(35)		(35)
			Secured Debt		12/26/2025		13.00%				12/26/2030	24,688		24,469		24,469
			Preferred Equity	(8)	12/26/2025	2,000							10,000		10,000
													34,434		34,434
Classic H&G Holdings, LLC		Provider of Engineered Packaging Solutions
			Preferred Member Units		3/12/2020	154							—		2,040
Congruent Credit Opportunities Funds	(12) (13)	Investment Partnership
			LP Interests (Congruent Credit Opportunities Fund III, LP)	(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	23,075		22,925		22,925
			Preferred Equity		10/9/2024	22,304							12,596		12,596
													35,521		35,521

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)
DMA Industries, LLC · Distributor of Aftermarket Ride Control Products
			Secured Debt		6/18/2024		13.00%		6/18/2029	4,642		4,616		4,642
			Secured Debt		11/19/2021		13.00%		6/18/2029	12,800		12,760		12,800
			Preferred Equity		11/19/2021	5,944					5,944		15,884
			Preferred Equity	(8)	6/18/2024	3,068	15.00%	15.00%			4,038		9,168
											27,358		42,494
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%					5,896		6,886
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%					1,872		2,187
											7,768		9,073
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		—
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	30,340		28,085		30,340
			Warrants	(8) (27)	5/28/2024	12			5/28/2034		3,920		13,600
											32,005		43,940
Freeport Financial Funds	(12) (13)	Investment Partnership
			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%					1,642		704
			LP Interests (Freeport First Lien Loan Fund III LP)	(30)	7/31/2015	5.95%					586		108
											2,228		812
FRG AcquireCo, LLC		Technology Focused Risk Management Advisory Firm
			Secured Debt	(25)	9/22/2025				9/22/2028	—		(15)		(15)
			Secured Debt		9/22/2025		13.50%		9/22/2030	8,482		8,411		8,411
			Preferred Equity		9/22/2025	3,500					3,500		3,500
											11,896		11,896
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		13.50%		3/31/2031	14,173		14,059		14,173
			Preferred Member Units	(8)	3/31/2021	226					4,900		10,940

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)
													18,959		25,113
Gulf Manufacturing, LLC	(13)	Manufacturer of Specialty Fabricated Industrial Piping Products
			Secured Debt		3/15/2024		11.76%	SF+	8.13%		3/15/2029	4,000		3,973		3,913
			Secured Debt		3/15/2024		11.76%	SF+	8.13%		3/15/2029	36,700		35,949		35,949
			Preferred Equity		12/23/2025	208							2,077		5,190
			Member Units	(8)	8/31/2007	438							2,980		3,630
			Common Stock	(8) (29)	11/18/2024	888							888		1,530
													45,867		50,212
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(30)	8/9/2017	8.22%							1,297		3,806
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	11.61%							7,694		9,617
			LP Interests (423 HAR, L.P.)	(8) (30)	6/2/2023	15.60%							750		1,302
													9,741		14,725
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	—		(21)		—
			Secured Debt	(25)	1/2/2026						1/15/2029	—		—		—
			Secured Debt	(25)	1/2/2026						1/15/2029	—		—		—
			Secured Debt		12/2/2016		12.00%				1/15/2029	49,871		49,624		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
													52,603		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		2,973		3,000
			Member Units	(8)	1/8/2003	322,297							2,352		3,190
													5,325		6,190
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407							18,300		18,920
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	14,849		14,841		14,849
			Preferred Equity	(8)	3/31/2023	87,360							4,368		16,790
													19,209		31,639
Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		11.46%	SF+	7.50%		8/20/2027	12,219		12,119		11,870
			Preferred Equity	(8)	12/7/2023	3,188	10.00%			10.00%			296		435
			Preferred Equity		6/3/2025	3,078	10.00%			10.00%			328		490

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Common Stock		8/20/2021	9,968							1,356		420
													14,099		13,215
Iron-Main Investments, LLC		Consumer Reporting Agency Providing Employment Background Checks and Drug Testing
			Secured Debt	(25)	6/18/2026						6/30/2031	—		(16)		(16)
			Secured Debt		8/2/2021		13.00%				6/30/2031	51,497		50,990		50,990
			Preferred Equity		6/26/2024	711	25.00%			25.00%			711		1,170
			Preferred Equity		9/26/2025	155	25.00%			25.00%			155		155
			Preferred Equity		6/18/2026	136	25.00%			25.00%			136		136
			Common Stock		8/3/2021	203,016							2,756		2,850
													54,732		55,285
ITA Holdings Group, LLC		Air Ambulance Services
			Secured Debt	(9)	6/21/2023		10.90%	SF+	7.00%		6/21/2027	1,180		1,175		1,180
			Secured Debt	(9)	6/30/2025		10.90%	SF+	7.00%		6/21/2027	6,490		6,480		6,490
			Secured Debt	(9)	6/21/2023		10.90%	SF+	7.00%		6/21/2027	4,935		4,669		4,935
			Secured Debt	(9)	6/21/2023		10.90%	SF+	7.00%		6/21/2027	4,935		4,669		4,935
			Secured Debt	(9)	6/30/2025		10.90%	SF+	7.00%		6/21/2027	1,770		1,767		1,770
			Secured Debt	(9)	3/4/2026		10.90%	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		14,830
													23,211		36,500
Kennedy Fab HoldCo, LLC		Structural Steel Fabricator Specializing in Fabrication, Product Finishing and Field Services
			Preferred Equity	(8)	3/4/2026	11,490							11,490		11,490
													11,490		11,490
KMS, LLC	(10)	Wholesaler of Closeout and Value-Priced Products
			Secured Debt	(9)	12/29/2025		9.23%	SF+	5.50%		10/1/2028	543		511		543
			Secured Debt		2/10/2025		12.50%				10/1/2028	1,173		1,153		1,173
			Secured Debt		2/10/2025		12.50%				10/1/2028	855		855		855
			Preferred Equity		2/10/2025	9,213							4,890		6,270
													7,409		8,841
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9)	12/19/2024		9.16%	SF+	5.50%	9.16%	1/28/2031	3,045		3,045		2,995
			Secured Debt	(9) (26)	4/11/2025		9.17%	SF+	5.50%	9.17%	1/28/2031	1,808		1,808		1,779
			Preferred Equity	(8) (29)	12/19/2024	66,306							15,512		12,340
													20,365		17,114
MoneyThumb Acquisition, LLC		Provider of Software-as-a-Service Financial File Conversion and Reconciliation
			Secured Debt		8/19/2024		13.00%				8/19/2029	6,385		6,071		6,071
			Preferred Member Units	(8)	8/19/2024	163,282	12.00%			12.00%			2,042		2,890

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)
			Warrants	(27)	8/19/2024	59,368					8/19/2029		594		1,080
													8,707		10,041
Nearshore AcquireCo, LLC		Provider of Outsourcing Services
			Secured Debt	(25)	11/12/2025						11/12/2030	—		(22)		(22)
			Secured Debt	(25)	11/12/2025						11/12/2030	—		(55)		(55)
			Secured Debt		11/12/2025		13.00%				11/12/2030	21,900		21,710		21,710
			Preferred Equity		11/12/2025	10,520,000							5,260		5,360
													26,893		26,993
OnAsset Intelligence, Inc.		Provider of Transportation Monitoring / Tracking Products and Services
			Secured Debt	(14)	4/18/2011		12.00%			12.00%	9/30/2026	4,415		4,415		1,346
			Secured Debt	(14)	5/10/2013		12.00%			12.00%	9/30/2026	2,116		2,116		645
			Secured Debt	(14)	3/21/2014		12.00%			12.00%	9/30/2026	983		983		300
			Secured Debt	(14)	5/20/2014		12.00%			12.00%	9/30/2026	964		964		294
			Unsecured Debt	(14)	6/5/2017		10.00%			10.00%	9/30/2026	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		2,585
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		10.58%	SF+	6.75%	10.58%	6/30/2027	1,510		1,510		1,258
			Secured Debt	(9)	2/5/2025		10.58%	SF+	6.75%	10.58%	6/30/2027	478		478		399
			Secured Debt	(9)	7/17/2025		10.58%	SF+	6.75%	10.58%	6/30/2027	467		467		389
			Secured Debt	(9)	4/8/2021		10.58%	SF+	6.75%	10.58%	6/30/2027	15,794		15,788		13,160
			Common Equity		8/12/2024	110							—		—
													18,243		15,206
Revenue Recovery Holdings, LLC		Third Party Tax Collection Services
			Secured Debt	(25)	7/25/2025						7/25/2030	—		(16)		(16)
			Secured Debt		7/25/2025		13.00%				7/25/2030	6,700		6,646		6,646
			Preferred Equity		7/25/2025	104,904							1,049		1,960
													7,679		8,590
RFG AcquireCo, LLC		Aerial Survey, Aerial Survey Equipment Sales & Rental, Aircraft Maintenance
			Secured Debt	(25)	6/2/2025						6/2/2027	—		(5)		(5)
			Secured Debt		6/2/2025		13.50%				6/2/2030	12,000		11,910		11,910
			Secured Debt		6/2/2025		13.50%				6/2/2030	41,500		41,404		41,404
			Preferred Equity		6/2/2025	11,401							11,401		12,771

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)
											64,710		66,080
SI East, LLC		Rigid Industrial Packaging Manufacturing
			Secured Debt		8/31/2018		11.80%		6/16/2028	2,250		2,242		2,250
			Secured Debt	(23)	6/16/2023		12.84%		6/16/2028	66,850		66,785		66,850
			Preferred Member Units	(8)	8/31/2018	165					1,525		16,550
											70,552		85,650
Slick Innovations, LLC		Text Message Marketing Platform
			Secured Debt		9/13/2018		14.00%		3/21/2030	22,760		22,574		22,760
			Common Stock		9/13/2018	70,000					—		2,890
											22,574		25,650
Specialized Aviation Holdings, LLC		Distributor and Service and Maintenance Provider for Specialty Aircraft
			Secured Debt		8/29/2025		13.00%		8/29/2030	22,875		22,688		22,688
			Preferred Stock	(8)	8/29/2025	25,000					15,000		15,000
											37,688		37,688
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt		9/11/2024		8.50%	8.50%	12/31/2027	230		230		860
			Secured Debt	(14)	12/31/2022		8.50%	8.50%	12/31/2027	5,327		4,884		1,708
			Preferred Equity		12/31/2022	5,907,649					—		—
											5,114		2,568
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Preferred Member Units	(8)	8/31/2020	1,636					4,500		18,480
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%					2,542		4,228
UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	6/6/2023	14.91%					4,694		5,898
UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Preferred Stock		8/21/2018	11,450,416	20.00%	20.00%			8,416		11,208
			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		11,208
Urgent DSO LLC		General and Emergency Dentistry Practice
			Secured Debt		2/16/2024		13.50%				2/16/2029	8,800		8,753		8,491
			Preferred Equity	(8)	2/16/2024	4,000							4,614		772
													13,367		9,263
Wildcats Topco LLC		Provider of Veterinary Services and Products
			Common Equity		5/8/2025	22,426,711							22,427		24,640
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		13.00%				12/12/2027	9,227		9,201		9,201
			Preferred Equity	(8)	12/12/2022	3,845							3,845		3,845
													13,046		13,046
Subtotal Affiliate investments (31.7% of net assets at fair value)													$904,393		$1,005,158
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	$9,619		$9,619		$9,584
			Secured Debt	(9) (33)	11/26/2025		11.00%	SF+	8.00%	1.00%	3/11/2027	754		746		746
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	8.00%	1.00%	3/11/2027	15,274		15,266		15,209
													25,631		25,539
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	—		(32)		(32)
			Secured Debt	(9) (25)	7/24/2025			SF+	5.50%		7/24/2031	—		(18)		(18)
			Secured Debt	(9)	7/24/2025		9.16%	SF+	5.50%		7/24/2031	9,164		9,049		9,081
			Preferred Equity		7/24/2025	7,292							729		570
													9,728		9,601
Airo Purchaser, Inc.	(10)	Provider of HVAC and Plumbing Installation Services
			Secured Debt	(9) (25)	8/1/2025			SF+	5.25%		8/1/2030	—		(56)		(56)
			Secured Debt	(9) (25)	8/1/2025			SF+	5.25%		8/1/2030	—		(28)		(28)
			Secured Debt	(9)	8/1/2025		8.91%	SF+	5.25%		8/1/2030	27,457		27,065		27,457
			Common Equity		8/1/2025	1,521							1,521		1,650
													28,502		29,023
AMEREQUIP LLC	(10)	Full Services Provider Including Design, Engineering and Manufacturing of Commercial and Agricultural Equipment

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Common Stock	(8)	8/31/2022	235							1,844		—
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		5,368		5,376
													5,366		5,374
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt		11/6/2023		15.00%			15.00%	11/6/2028	4,503		4,503		4,503
			Secured Debt	(9)	11/6/2023		10.24%	SF+	6.50%	10.24%	11/6/2028	9,458		9,458		9,458
			Preferred Equity		11/6/2023	32,507							14,060		18,353
			Preferred Equity		11/6/2023	32,507							—		—
			Common Equity		11/9/2021	3,898							234		—
													28,255		32,314
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)	1/18/2022		9.95%	SF+	6.00%		1/18/2028	1,440		1,392		1,440
			Secured Debt	(9)	1/18/2022		8.95%	SF+	5.00%		1/18/2028	6,660		6,660		6,660
			Secured Debt	(9)	1/18/2022		10.95%	SF+	7.00%		1/18/2028	6,660		6,660		6,660
			Common Stock		1/18/2022	720,000							720		1,020
													15,432		15,780
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	—		(151)		(151)
			Secured Debt	(9)	12/31/2025		8.64%	SF+	5.00%		12/31/2030	60,805		59,988		60,805
			Secured Debt	(9)	12/31/2025		8.64%	SF+	5.00%		12/31/2030	57,004		56,245		57,004
			Member Units		2/6/2026	562,714							3,040		3,040
													119,122		120,698
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO Provider
			Secured Debt	(9) (25)	12/23/2022			SF+	7.25%		12/23/2027	—		(48)		(48)
			Secured Debt	(9) (25)	12/18/2025			SF+	7.25%		12/23/2027	—		(28)		(28)
			Secured Debt	(9)	12/23/2022		11.14%	SF+	7.25%		12/23/2027	23,141		22,841		23,141
			Common Equity		12/15/2021	984							934		1,212
													23,699		24,277
Behavior Development Group Holdings	(10)	Applied Behavior Analysis Therapy Provider
			Secured Debt	(9) (32)	12/17/2025		9.69%	SF+	6.00%		12/17/2030	900		880		900
			Secured Debt	(9)	12/17/2025		9.73%	SF+	6.00%		12/17/2030	9,548		9,421		9,548
			Common Equity		12/17/2025	300							300		300

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)
													10,601		10,748
Berry Aviation, Inc.	(10)	Charter Airline Services
			Preferred Member Units	(29)	3/8/2024	286,109							286		347
			Preferred Member Units	(29)	11/12/2019	122,416							—		—
			Preferred Member Units	(29)	7/6/2018	1,548,387							—		—
													286		347
Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt	(9) (14) (17)	1/9/2024		12.23%	SF+	8.50%	11.23%	5/6/2026	202		126		252
			Secured Debt	(9) (14) (17)	10/19/2022		14.25%	P+	7.50%	13.25%	5/6/2026	2,734		2,685		84
			Secured Debt	(9) (14) (17)	8/28/2020		12.23%	SF+	8.50%	11.23%	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		—
													7,756		336
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	—		(15)		(15)
			Secured Debt	(9)	2/3/2025		8.44%	SF+	4.75%		2/3/2030	3,938		3,889		3,919
			Secured Debt	(9)	2/3/2025		10.44%	SF+	6.75%		2/3/2030	3,938		3,889		3,919
			Common Equity		2/3/2025	248,718							249		249
													8,012		8,072
Bond Brand Loyalty ULC	(10) (13) (21)	Provider of Loyalty Marketing Services
			Secured Debt	(9)	5/1/2023		9.59%	SF+	5.75%		5/1/2028	285		275		285
			Secured Debt	(9)	10/31/2025		9.59%	SF+	5.75%		5/1/2028	1,389		1,368		1,389
			Secured Debt	(9)	5/1/2023		8.59%	SF+	4.75%		5/1/2028	6,244		6,199		6,244
			Secured Debt	(9)	5/1/2023		10.59%	SF+	6.75%		5/1/2028	6,244		6,199		6,244
			Preferred Equity		5/1/2023	571							571		610
			Common Equity		5/1/2023	571							—		—
													14,612		14,772
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%							3,150		2,984
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	0.72%							4,900		5,146
													12,948		10,737

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)
Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9) (32)	2/7/2022		10.66%	SF+	6.75%		2/7/2027	7,354		7,298		7,354
			Secured Debt	(9)	2/7/2022		10.64%	SF+	6.75%		2/7/2027	35,608		35,520		35,608
			Secured Debt	(9)	6/24/2022		10.64%	SF+	6.75%		2/7/2027	1,973		1,968		1,973
			Secured Debt	(9)	3/27/2023		10.64%	SF+	6.75%		2/7/2027	4,768		4,749		4,768
			Secured Debt	(9)	5/11/2026		10.65%	SF+	6.75%		2/7/2027	3,908		3,829		3,908
													53,364		53,611
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17) (37)	9/23/2014						1/5/2015	2,627		2,627		4
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	787		776		776
			Secured Debt	(9) (14) (32)	8/6/2021		14.05%	SF+	10.25%	14.05%	8/6/2026	9,062		9,045		5,912
			Secured Debt	(9) (14)	8/6/2021		14.05%	SF+	10.25%	14.05%	8/6/2026	22,091		22,066		14,412
													31,887		21,100
Core Transformers	(10)	Refurbisher and Distributor of Electric Transformers
			Secured Debt	(9) (25)	9/24/2025			SF+	5.00%		9/23/2031	—		(54)		(54)
			Secured Debt	(9) (25)	9/24/2025			SF+	5.00%		9/23/2031	—		(54)		(54)
			Secured Debt	(9)	9/24/2025		8.66%	SF+	5.00%		9/23/2031	6,269		6,161		6,269
			Common Equity		9/24/2025	626,923							627		3,650
													6,680		9,811
Coregistics Buyer LLC	(10) (13) (21)	Contract Packaging Service Provider
			Secured Debt	(9)	6/29/2024		10.16%	SF+	6.50%		6/28/2029	1,669		1,616		1,655
			Secured Debt	(9)	6/29/2024		10.16%	SF+	6.50%		6/28/2029	10,516		10,363		10,409
			Secured Debt	(9)	6/29/2024		10.41%	SF+	6.75%		6/28/2029	31,629		31,156		30,389
			Secured Debt	(9)	8/15/2024		10.15%	SF+	6.50%		6/28/2029	7,011		6,924		6,938
													50,059		49,391
CoreStack, Inc.	(10)	Multi-Cloud Governance Platform Provider
			Secured Debt		3/25/2026		10.00%			10.00%	9/25/2028	1,413		1,413		1,413
			Secured Debt	(37)	3/25/2026						9/25/2028	13,089		13,089		13,089
													14,502		14,502
CQ Fluency, LLC	(10)	Global Language Services Provider
			Secured Debt	(9) (25)	12/27/2023			SF+	6.50%		6/27/2027	—		(19)		(19)
			Secured Debt	(9)	12/27/2023		10.33%	SF+	6.50%		6/27/2027	9,984		9,899		9,984
													9,880		9,965

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	—		(139)		—
			Secured Debt	(9) (25)	12/31/2025			SF+	6.75%		6/30/2029	—		(240)		(240)
			Secured Debt	(9)	12/31/2025		10.74%	SF+	6.75%		6/30/2029	9,296		9,140		9,296
			Secured Debt	(9)	8/19/2022		10.71%	SF+	6.75%		6/30/2029	14,564		14,284		14,564
													23,045		23,620
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	—		(158)		(158)
			Secured Debt	(9)	3/4/2025		10.67%	SF+	7.00%		6/27/2029	5,528		5,445		5,528
			Secured Debt	(9)	6/27/2024		10.73%	SF+	7.00%		6/27/2029	88,607		87,528		88,607
			Common Equity		3/4/2025	10,851							1,085		600
													93,900		94,577
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		11.74%	SF+	8.00%	11.74%	12/31/2026	2,769		2,716		2,769
			Secured Debt	(9)	12/20/2022		12.74%	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							—		—
													5,103		5,342
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	—		(131)		(131)
			Secured Debt	(9) (26)	3/31/2025		9.14%	SF+	5.50%		3/31/2030	49,517		48,782		49,517
			Common Equity		3/31/2025	1,464,286							1,464		3,960
													50,115		53,346
Emerald Technologies Acquisition Co, Inc.	(11)	Design & Manufacturing
			Secured Debt	(9)	2/10/2022		10.13%	SF+	6.25%	5.25%	12/31/2029	9,497		9,422		7,456
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 IX, L.P.)	(8) (30)	1/22/2015	0.10%						3,149		729
			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%						6,949		4,309
			LP Interests (EnCap Energy Capital Fund XII, L.P.)	(8) (30)	8/31/2023	0.19%						7,915		8,765
			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
												27,672		15,014
Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (32)	4/7/2023		9.73%	SF+	6.00%	4/7/2029	424		406		424
			Secured Debt	(9)	10/2/2024		9.73%	SF+	6.00%	4/7/2029	1,333		1,319		1,333
			Secured Debt	(9)	4/7/2023		9.73%	SF+	6.00%	4/7/2029	25,120		24,763		25,120
			Common Equity		4/7/2023	649,794						663		910
												27,151		27,787
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems
			Secured Debt	(9)	12/22/2021		10.99%	SF+	7.00%	12/22/2026	3,692		3,689		3,692
			Secured Debt	(9)	12/22/2021		10.99%	SF+	7.00%	12/22/2026	47,758		47,715		47,758
												51,404		51,450
EWMW LP	(12) (13)	Investment Partnership
			Secured Debt		12/23/2025		9.69%	SF+	6.00%		3,016		3,016		3,016
Fuse, LLC	(11)	Cable Networks Operator
			Secured Debt		6/30/2019		2.50%			12/31/2028	1,810		1,810		272
			Common Stock		6/30/2019	10,429						256		—
												2,066		272
Garyline, LLC	(10)	Manufacturer of Consumer Plastic Products
			Secured Debt	(9) (32)	4/14/2025		10.89%	SF+	7.25%	10/14/2027	2,053		2,003		2,053
			Secured Debt	(9)	4/14/2025		10.90%	SF+	7.25%	10/14/2027	28,242		27,952		28,242
			Common Equity		11/10/2023	705,882						706		450
												30,661		30,745
GradeEight Corp.	(10)	Distributor of Maintenance and Repair Parts
			Secured Debt	(9)	10/4/2024		11.15%	SF+	7.50%	10/4/2029	150		85		150
			Secured Debt	(9)	10/4/2024		11.37%	SF+	7.50%	10/4/2029	4,150		4,076		4,132
			Secured Debt	(9) (26)	10/4/2024		11.13%	SF+	7.50%	10/4/2029	30,418		30,020		30,284

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 Equity		10/4/2024	1,653							1,634		1,090
													35,815		35,656
GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor
			Secured Debt	(9)	10/18/2019		10.24%	SF+	6.50%		11/30/2026	3,394		3,386		3,394
			Secured Debt	(9)	10/18/2019		10.24%	SF+	6.50%		11/30/2026	9,800		9,779		9,800
			Secured Debt	(9)	9/15/2023		10.24%	SF+	6.50%		11/30/2026	879		877		879
			Secured Debt	(9)	12/22/2023		10.24%	SF+	6.50%		11/30/2026	210		210		210
			Secured Debt	(9)	8/22/2024		10.24%	SF+	6.50%		11/30/2026	5,670		5,657		5,670
													19,909		19,953
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (32)	9/30/2022		10.74%	SF+	7.00%		9/30/2028	353		345		319
			Secured Debt	(9)	9/30/2022		10.75%	SF+	7.00%		9/30/2028	293		286		265
			Secured Debt	(9)	9/30/2022		10.74%	SF+	7.00%		9/30/2028	3,523		3,491		3,182
													4,122		3,766
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (423 AER II, LP)	(30)	6/2/2025	4.13%							1,678		2,089
			LP Interests (HPEP 5, L.P.)	(30)	6/10/2026	17.46%							500		500
													2,178		2,589
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9) (14)	3/7/2024		9.01%	SF+	3.50%	2.50%	8/21/2026	2,607		2,557		1,161
			Secured Debt	(14)	3/7/2024		2.50%			2.50%	8/21/2026	1,583		671		—
			Common Equity		3/7/2024	64,029							—		—
													3,228		1,161
Hornblower Sub, LLC	(10)	Marine Tourism and Transportation
			Secured Debt	(9)	7/3/2024		9.17%	SF+	5.50%	1.50%	7/3/2029	1,920		1,890		1,920
			Secured Debt	(9)	7/3/2024		9.18%	SF+	5.50%	1.50%	7/3/2029	33,052		32,841		33,052
													34,731		34,972
Horwitz Holdings, LLC	(10)	Provider of Mechanical, Electrical and Plumbing Services
			Secured Debt	(9) (25)	6/30/2026			SF+	5.50%		6/30/2031	—		(481)		(481)
			Secured Debt	(9) (25)	6/30/2026			SF+	5.50%		6/30/2031	—		(321)		(321)
			Secured Debt	(9)	6/30/2026		9.23%	SF+	5.50%		6/30/2031	81,471		79,868		79,868
													79,066		79,066
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	27,665		27,665		26,655
Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel

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)	6/30/2021		11.94%	SF+	8.25%		12/31/2027	7,200		7,136		7,200
IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9)	7/30/2021		9.49%	SF+	5.75%		7/30/2028	153		147		153
			Secured Debt	(9)	7/30/2021		9.49%	SF+	5.75%		7/30/2028	10,075		10,028		10,075
			Secured Debt	(9)	7/30/2021		9.49%	SF+	5.75%		7/30/2028	4,828		4,803		4,828
													14,978		15,056
Ignite Visibility LLC	(10)	Digital Marketing Services Agency
			Secured Debt	(9)	12/15/2025		8.69%	SF+	5.00%		12/1/2028	4,759		4,701		4,757
			Secured Debt	(9)	12/15/2025		10.69%	SF+	7.00%		12/1/2028	4,759		4,701		4,756
													9,402		9,513
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		9.74%	SF+	6.00%	4.00%	10/30/2028	1,983		1,983		1,983
			Secured Debt	(9)	7/31/2025		9.74%	SF+	6.00%	9.74%	10/30/2028	4,644		4,644		4,644
			Common Equity		7/31/2025	4,238,917							5,680		5,690
													12,307		12,317
Insight Borrower Corporation	(10)	Test, Inspection, and Certification Instrument Provider
			Secured Debt	(9) (32)	7/19/2023		9.95%	SF+	6.25%		7/19/2028	617		586		561
			Secured Debt	(9)	7/19/2023		9.92%	SF+	6.25%		7/19/2029	14,061		13,845		12,788
			Common Equity		7/19/2023	131,100							656		40
													15,087		13,389
Inspire Aesthetics Management, LLC	(10)	Surgical and Non-Surgical Plastic Surgery and Aesthetics Provider
			Secured Debt	(9)	4/3/2023		13.22%	SF+	9.50%	1.50%	4/3/2028	864		856		818
			Secured Debt	(9)	4/3/2023		13.22%	SF+	9.50%	1.50%	4/3/2028	7,303		7,239		6,904
			Secured Debt	(9)	6/14/2023		13.22%	SF+	9.50%	1.50%	4/3/2028	2,938		2,914		2,776
			Secured Debt	(9)	12/31/2024		13.22%	SF+	9.50%	1.50%	4/3/2028	339		339		320
			Common Equity		4/3/2023	177,594							463		97
													11,811		10,915
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	2,561		2,561		2,333
			Secured Debt	(9) (14) (17)	8/7/2019		10.74%	SF+	7.00%	10.74%	8/7/2023	7,313		7,237		19
			Common Stock		12/7/2021	2,143							—		—
													9,798		2,352
Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats

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)	8/28/2019		11.29%	SF+	7.50%		3/31/2029	934		928		738
			Secured Debt	(9) (26)	8/28/2019		11.29%	SF+	7.50%	11.29%	3/31/2029	17,458		17,425		13,285
													18,353		14,023
Isagenix International, LLC	(11)	Direct Marketer of Health & Wellness Products
			Secured Debt	(9) (14)	4/13/2023		12.27%	SF+	8.50%	9.77%	4/14/2028	3,159		2,991		458
			Common Equity		4/13/2023	198,743							—		—
													2,991		458
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		10.95%	SF+	7.00%	10.95%	5/17/2029	482		478		395
			Secured Debt	(9)	5/20/2024		10.95%	SF+	7.00%	10.95%	5/17/2029	2,222		2,199		1,824
			Secured Debt	(9)	5/20/2024		10.95%	SF+	7.00%	10.95%	5/17/2029	2,228		2,205		1,828
			Secured Debt	(9)	5/20/2024		10.95%	SF+	7.00%	10.95%	5/17/2029	2,233		2,210		1,832
													7,092		5,879
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9) (26)	10/26/2022		11.31%	SF+	7.50%		11/4/2026	729		727		729
			Secured Debt	(9) (26)	2/27/2024		11.32%	SF+	7.50%		11/4/2026	625		624		625
			Secured Debt	(9) (26)	11/1/2024		11.32%	SF+	7.50%		11/4/2026	667		663		667
			Secured Debt	(9)	11/8/2021		11.32%	SF+	7.50%		11/4/2026	1,685		1,682		1,685
			Preferred Equity		11/8/2021	2,826,667							110		650
													3,806		4,356
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(9)	3/30/2024		11.76%	SF+	8.00%		3/29/2029	1,833		1,833		1,833
			Secured Debt	(9)	3/30/2024		11.76%	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
LBCT Topco LP		Provider of IT Hardware Services and Software Solutions
			Common Equity		6/22/2026	4,000,000							4,000		4,000
LKCM Headwater Investments	(12) (13)	Investment Partnership
			LP Interests (LKCM Headwater Investments I, L.P.)	(30)	1/25/2013	2.27%							—		265
			LP Interests (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

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)	8/16/2021		11.84%	SF+	8.00%	3.00%	12/31/2029	4,268		4,190		3,578
Logix Acquisition Company, LLC	(10)	Competitive Local Exchange Carrier
			Secured Debt	(9)	4/11/2025		10.67%	SF+	7.00%	1.25%	12/31/2028	44,477		43,911		44,477
			Secured Debt		4/11/2025						12/31/2028	2,963		2,400		2,316
													46,311		46,793
Looking Glass Investments, LLC	(12) (13)	Specialty Consumer Finance
			Member Units		7/1/2015	3							125		25
MCT Purchaserco Holding Inc.	(10) (13) (21)	Manufacturer and Distributor of High-Voltage Disconnect Switches
			Secured Debt	(9) (32)	12/1/2025		9.23%	SF+	5.50%		12/2/2030	10,084		9,983		10,084
			Secured Debt	(9)	12/1/2025		9.23%	SF+	5.50%		12/2/2030	39,557		39,205		39,557
			Common Equity		12/1/2025	1,590,287							1,139		1,239
													50,327		50,880
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25)	4/4/2022			SF+	5.50%		4/3/2028	—		(21)		(21)
			Secured Debt	(9)	11/20/2024		9.24%	SF+	5.50%		4/3/2028	10,967		10,888		10,967
			Secured Debt	(9)	4/4/2022		9.24%	SF+	5.50%		4/3/2028	11,365		11,297		11,365
													22,164		22,311
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	1,724		1,703		1,555
			Secured Debt	(9) (26)	11/30/2023		9.91%	SF+	6.25%		11/30/2028	1,295		1,279		1,168
			Secured Debt	(9)	11/30/2023		8.92%	SF+	5.25%		11/30/2028	4,567		4,513		4,120
			Secured Debt	(9)	11/30/2023		10.92%	SF+	7.25%		11/30/2028	4,567		4,511		4,121
			Common Equity		11/30/2023	524,888							525		140
													12,531		11,104
Mission Critical Group	(10)	Backup Power Generation
			Secured Debt	(9) (25)	4/1/2026			SF+	5.25%		10/1/2030	—		(81)		(81)
			Secured Debt	(9) (25)	4/1/2026			SF+	5.25%		10/1/2030	—		(234)		(234)
			Secured Debt	(9)	4/1/2026		8.93%	SF+	5.25%		10/1/2030	111,846		110,361		111,846
			Common Equity		6/7/2023	1,234							1,234		41,670
													111,280		153,201
MonitorUS Holding, LLC	(10) (13) (21)	SaaS Provider of Media Intelligence Services
			Secured Debt		5/24/2022		9.00%			6.00%	5/30/2029	4,164		4,150		4,358
			Secured Debt		5/24/2022		9.00%			6.00%	5/30/2029	10,771		10,733		12,173
			Secured Debt		5/24/2022		9.00%			6.00%	5/30/2029	18,164		18,104		18,164
			Secured Debt		6/25/2025		9.00%			6.00%	5/30/2029	1,241		1,230		1,219
			Common Stock		8/30/2022	111,058,246							1,221		461

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)
													35,438		36,375
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		11.25%	SF+	7.50%	0.50%	6/21/2029	25,978		25,271		25,978
			Secured Debt	(9)	5/13/2025		11.25%	SF+	7.50%	0.50%	6/21/2029	3,142		3,044		3,142
													28,311		29,116
OnPoint Industrial Services, LLC	(10)	Environmental & Facilities Services
			Secured Debt	(9)	12/18/2024		9.73%	SF+	6.00%		11/16/2027	1,348		1,340		1,348
			Secured Debt	(9)	4/1/2024		9.73%	SF+	6.00%		11/16/2027	3,746		3,727		3,746
													5,067		5,094
Ospemifene Royalty Sub LLC	(10)	Estrogen-Deficiency Drug Manufacturer and Distributor
			Secured Debt	(14) (37)	7/8/2013						11/15/2026	4,322		4,322		15
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	—		(28)		(28)
			Secured Debt	(9) (25)	1/2/2026			SF+	5.50%		1/2/2031	—		(28)		(28)
			Secured Debt	(9)	1/2/2026		9.49%	SF+	5.50%		1/2/2031	10,823		10,628		10,715
													10,572		10,659
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	7,760		7,623		7,760
			Secured Debt	(9)	9/7/2023		9.23%	SF+	5.50%		5/1/2029	741		727		741
			Secured Debt	(9)	1/30/2024		9.23%	SF+	5.50%		5/1/2029	745		734		745
			Secured Debt	(9)	6/28/2024		8.98%	SF+	5.25%		5/1/2029	846		839		846
			Secured Debt	(9)	1/21/2025		8.92%	SF+	5.25%		5/1/2029	1,876		1,864		1,876
			Secured Debt	(9)	7/31/2025		8.91%	SF+	5.25%		5/1/2029	2,011		1,996		2,011
			Secured Debt	(9)	11/21/2025		8.39%	SF+	4.75%		5/1/2029	2,117		2,100		2,117
			Secured Debt	(9)	2/4/2026		8.41%	SF+	4.75%		5/1/2029	11,544		11,444		11,544
													27,327		27,640
Pro-Max Restoration & Paint, LLC	(10)	Specialty Trade Contractors for the Construction Sector
			Secured Debt	(9) (25)	4/24/2026			SF+	5.75%		4/24/2031	—		(34)		(34)
			Secured Debt	(9)	4/24/2026		9.42%	SF+	5.75%		4/24/2031	20,389		20,192		20,192
			Common Equity		4/24/2026	1,202,381							1,202		1,202
													21,360		21,360
Richardson Sales Solutions	(10)	Business 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	(9) (25)	8/24/2023			SF+	5.00%		8/24/2028	—		(44)		—
			Secured Debt	(9)	8/24/2023		8.67%	SF+	5.00%		8/24/2028	31,806		31,332		31,806
			Secured Debt	(9)	9/10/2024		8.67%	SF+	5.00%		8/24/2028	20,664		20,437		20,664
													51,725		52,470
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	3,765		3,751		2,836
			Secured Debt		8/27/2021		10.00%			10.00%	8/31/2029	3,802		3,788		2,751
													7,537		5,587
Royal Cup Inc.	(10)	Coffee Roaster and Beverage Solutions Provider
			Preferred Equity		11/26/2025	5,992,309							5,992		5,992
Rug Doctor, LLC.	(10)	Carpet Cleaning Products and Machinery
			Secured Debt	(9)	7/16/2021		9.23%	SF+	5.50%		5/16/2028	2,821		2,820		2,821
			Secured Debt	(9)	7/16/2021		9.23%	SF+	5.50%		5/16/2028	6,623		6,551		6,623
													9,371		9,444
South Coast Terminals Holdings, LLC	(10)	Specialty Toll Chemical Manufacturer
			Secured Debt	(9) (25)	8/8/2024			SF+	5.00%		8/8/2029	—		—		—
			Secured Debt	(9)	8/8/2024		8.74%	SF+	5.00%		8/8/2029	51,553		51,303		51,553
			Secured Debt	(9)	7/31/2025		8.74%	SF+	5.00%		8/8/2029	10,423		10,344		10,423
			Common Equity		12/10/2021	864							864		1,188
													62,511		63,164
SPAU Holdings, LLC	(10)	Digital Photo Product Provider
			Secured Debt	(9) (32)	7/1/2022		10.86%	SF+	7.00%		7/2/2029	2,108		2,074		2,108
			Secured Debt	(9)	7/1/2022		10.88%	SF+	7.00%		7/2/2029	15,329		15,166		15,329
			Common Stock		7/1/2022	638,710							639		630
													17,879		18,067
TEC Services, LLC	(10)	Provider of Janitorial Service for Food Retailers
			Secured Debt	(9) (25)	12/31/2024			SF+	5.50%		12/31/2029	—		(66)		(66)
			Secured Debt	(9) (25)	12/31/2024			SF+	5.50%		12/31/2029	—		(50)		(50)
			Secured Debt	(9)	12/31/2024		9.33%	SF+	5.50%		12/31/2029	31,848		31,519		31,848
													31,403		31,732
Tectonic Financial, LLC		Financial Services Organization
			Common Stock	(8)	5/15/2017	200,000							2,000		4,400
Tex Tech Tennis, LLC	(10)	Sporting Goods & Textiles
			Preferred Equity	(8) (29)	7/7/2021	1,000,000							1,000		3,100

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
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		10.23%	SF+	6.50%		3/11/2029	3,562		3,495		3,562
			Secured Debt	(9)	3/11/2024		10.23%	SF+	6.50%		3/11/2029	33,414		32,783		33,414
			Secured Debt	(9)	2/27/2025		10.23%	SF+	6.50%		3/11/2029	4,276		4,206		4,276
			Secured Debt	(9)	8/5/2025		10.23%	SF+	6.50%		3/11/2029	4,839		4,748		4,839
			Preferred Equity		3/11/2024	1,358,892	8.00%			8.00%			1,375		1,830
													46,607		47,921
U.S. TelePacific Corp.	(11)	Provider of Communications and Managed Services
			Secured Debt	(9) (17)	3/18/2026		14.70%	SF+	11.00%	10.00%	5/2/2026	711		678		678
			Secured Debt	(9) (14)	6/1/2023		13.75%	P+	7.00%	7.00%	5/2/2027	9,811		2,612		1,940
			Secured Debt	(14)	6/1/2023						5/2/2027	1,003		20		—
													3,310		2,618
UBM AcquireCo LLC		Mail Commingling and Logistics Provider
			Secured Debt	(25)	12/20/2025						12/20/2027	—		(29)		(29)
			Secured Debt		12/20/2025		10.00%				12/20/2030	15,600		15,467		15,467
			Secured Debt		12/20/2025		10.00%				12/20/2030	42,800		42,421		42,421
			Common Equity	(8)	12/20/2025	80							8,000		7,870
													65,859		65,729
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		10.16%	SF+	6.50%		7/29/2029	13,101		12,859		13,101
			Secured Debt	(9)	3/10/2026		10.16%	SF+	6.50%		7/29/2029	3,532		3,459		3,532
			Secured Debt	(9)	7/29/2024		10.23%	SF+	6.50%		7/29/2029	42,686		42,167		42,686
			Common Equity		7/29/2024	1,521							1,521		1,630
													60,006		60,949
UserZoom Technologies, Inc.	(10)	Provider of User Experience Research Automation Software
			Secured Debt	(9)	1/7/2026		11.42%	SF+	7.75%	1.75%	4/5/2029	325		319		277
			Secured Debt	(9)	1/11/2023		11.40%	SF+	7.75%	1.75%	4/5/2029	4,034		3,973		3,439
													4,292		3,716
Vitesse Systems	(10)	Component Manufacturing and Machining Platform
			Secured Debt	(32)	12/22/2023		10.99%	SF+	7.00%		12/22/2028	7,727		7,620		7,727
			Secured Debt	(9)	3/4/2026		10.99%	SF+	7.00%		12/22/2028	3,873		3,788		3,873
			Secured Debt	(9)	12/22/2023		10.99%	SF+	7.00%		12/22/2028	41,438		40,925		41,437
													52,333		53,037

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
VORTEQ Coil Finishers, LLC	(10)	Specialty Coating of Aluminum and Light-Gauge Steel
			Common Equity	(8)	11/30/2021	1,038,462							1,038		4,030
Wash & Wax Systems LLC	(10)	Express Car Wash Operator
			Secured Debt	(9) (32)	4/30/2025		9.20%	SF+	5.50%		4/30/2028	322		322		322
			Secured Debt	(9)	4/30/2025		9.16%	SF+	5.50%	9.16%	4/30/2028	7,975		7,975		7,975
			Secured Debt		4/30/2025		12.00%			12.00%	7/31/2028	5,556		5,556		5,556
			Common Equity		4/30/2025	3,219							3,410		330
													17,263		14,183
Watterson Brands, LLC	(10)	Facility Management Services
			Secured Debt	(25)	6/30/2026						6/30/2029	—		—		—
			Secured Debt		6/30/2026		6.00%			6.00%	6/30/2029	13,274		13,274		13,274
			Common Shares		6/30/2026	8,447							—		—
			Preferred Stock		6/30/2026	8,447	12.00%			12.00%			4,840		4,840
													18,114		18,114
Winter Services LLC	(10)	Provider of Snow Removal and Ice Management Services
			Secured Debt	(9) (25) (32)	11/19/2021			SF+	8.00%		11/19/2027	—		(49)		—
			Secured Debt	(9)	11/19/2021		11.95%	SF+	8.00%		11/19/2027	1,874		1,867		1,874
			Secured Debt	(9)	1/16/2024		10.95%	SF+	7.00%		11/19/2027	7,240		7,199		7,240
			Secured Debt	(9)	1/16/2024		12.95%	SF+	9.00%		11/19/2027	7,240		7,199		7,240
													16,216		16,354
Xenon Arc, Inc.	(10)	Tech-enabled Distribution Services to Chemicals and Food Ingredients Primary Producers
			Secured Debt	(9)	12/17/2021		9.80%	SF+	6.00%		12/20/2028	23,450		23,286		23,450
			Secured Debt	(9)	12/17/2021		9.77%	SF+	6.00%		12/20/2028	36,863		36,629		36,863
			Secured Debt	(9)	3/31/2025		9.83%	SF+	6.00%		12/20/2028	10,499		10,361		10,499
													70,276		70,812
YS Garments, LLC	(11)	Designer and Provider of Branded Activewear
			Secured Debt	(9) (26)	8/22/2018		11.24%	SF+	7.50%		8/9/2027	10,592		10,534		9,312
ZRG Partners, LLC	(10)	Talent Advisory Services Provider
			Secured Debt	(9)	6/14/2024		11.75%	P+	5.00%		6/14/2029	7,643		7,520		7,643
			Secured Debt	(9) (26)	6/14/2024		9.73%	SF+	6.00%		6/14/2029	15,879		15,650		15,879
			Secured Debt	(9)	6/14/2024		9.85%	SF+	6.00%		6/14/2029	6,469		6,390		6,469
			Secured Debt	(9) (26)	4/24/2026		9.68%	SF+	6.00%		6/14/2029	7,519		7,368		7,519
			Secured Debt	(9)	6/14/2024		9.70%	SF+	6.00%		6/14/2029	46,252		45,685		46,252
													82,613		83,762
Subtotal Non-Control/Non-Affiliate investments (68.0% of net assets at fair value)													$2,167,359		$2,153,102

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)
Total Portfolio Company investments, June 30, 2026 (181.5% of net assets at fair value)	$4,974,649	$5,746,044
Money market funds (included in cash and cash equivalents)
Dreyfus Government Cash Management (35)	$2,278	$2,278
Fidelity Government Fund (36)	254	254
Fidelity Treasury (31)	1,260	1,260
Total money market funds	$3,792	$3,792

(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) or (37), 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 1.28%.

(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)Debt investment currently on non-accrual status.

(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 Payment-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 June 30, 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 June 30, 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 June 30, 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 June 30, 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 June 30, 2026 was approximately 3.32% 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 June 30, 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 June 30, 2026 was approximately 3.52% on the Dreyfus Government Cash Management.

(36)Effective yield as of June 30, 2026 was approximately 3.29% on the Fidelity Government Fund.

(37)Non-income producing debt investment.

ContentsView on SEC.gov

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