Main Street Capital CORP

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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)—September 30, 2026

Table ofcontents

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		12.38%	SF+	8.50%	12.38%	3/28/2028	$331		$331		$331
			Secured Debt	(9)	3/25/2025		12.38%	SF+	8.50%	12.38%	3/28/2028	8,949		8,949		8,881
			Secured Debt	(9)	3/25/2025		12.38%	SF+	8.50%	12.38%	3/28/2028	8,949		8,949		7,657
			Preferred Equity		3/25/2025	26,638							8,970		3,780
													27,199		20,649
Analytical Systems Keco Holdings, LLC		Manufacturer of Liquid and Gas Analyzers
			Secured Debt		8/16/2019		13.25%				8/16/2029	3,642		3,616		3,616
			Preferred Member Units		5/20/2021	2,411							2,387		6,110
			Preferred Member Units		8/16/2019	3,108							3,200		520
			Warrants	(27)	8/16/2019	420					8/16/2029		316		—
													9,519		10,246
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	9,608		9,599		9,608
			Preferred Stock	(8)	3/7/2022	4,073							4,095		9,500
													13,693		19,108
BDB Holdings, LLC		Casual Restaurant Group
			Secured Debt		2/24/2025		12.00%				2/27/2027	3,612		3,612		3,612
			Preferred Equity		11/4/2024	19,536,995							19,537		5,190
													23,149		8,802
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(9) (22)	12/31/2020		12.00%	SF+	8.31%		10/31/2027	101,046		100,902		101,046
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%						14,000		32,100
													114,902		133,146
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		13.79%	SF+	10.00%		12/31/2027	5,056		5,020		5,056
			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%			373		373
													9,673		8,479
Bridge Capital Solutions Corporation		Financial Services and Cash Flow Solutions Provider
			Preferred Member Units	(29)	7/25/2016	17,742							1,000		—
			Warrants	(17) (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	—		(8)		(8)
		Secured Debt		3/30/2018		14.00%				8/28/2028	25,800		25,783		25,783
		Preferred Member Units	(8)	7/31/2019	11,671	15.00%			15.00%			17,294		17,294
		Preferred Member Units		3/30/2018	8,729							16,402		14,641
												59,471		57,710
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300		38,900
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2029	—		(30)		—
		Secured Debt	(9)	2/26/2018		11.86%	SF+	8.00%		2/26/2029	41,220		41,041		41,220
		Member Units	(8)	2/26/2018	4,347							11,440		48,060
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773		4,190
												54,224		93,470
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		14.00%				1/31/2030	5,694		5,345		5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963		14,710
												7,308		20,404
Clad-Rex Steel, LLC	Specialty Manufacturer of Vinyl-Clad Metal
		Secured Debt	(25)	10/28/2022						7/31/2027	—		—		—
		Secured Debt		12/20/2016		9.00%				7/31/2030	8,344		8,289		8,344
		Secured Debt		12/20/2016		10.00%				12/20/2036	893		887		893
		Member Units	(8)	12/20/2016	717							7,280		15,270
		Member Units	(29)	12/20/2016	800							509		1,510
												16,965		26,017
Cody Pools, Inc.	Designer of Residential and Commercial Pools
		Secured Debt		3/6/2020		13.50%				12/3/2030	4,214		4,137		4,214
		Secured Debt		3/6/2020		13.50%				12/3/2030	33,618		33,157		33,618
		Preferred Member Units	(8) (29)	3/6/2020	587							8,317		61,160
												45,611		98,992
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		8,709		8,779
		Preferred Member Units	(8)	3/31/2021	17,280							7,680		24,890
												16,389		33,669
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		3,997		3,939

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		3,170
													7,517		7,109
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt	(25)	11/22/2023						11/22/2028	—		(11)		(11)
			Secured Debt		11/22/2023		13.50%				11/22/2028	15,000		14,936		14,936
			Preferred Equity		11/22/2023	8,069							7,842		7,842
													22,767		22,767
Computer Data Source, LLC	(10)	Third Party Maintenance Provider to the Data Center Ecosystem
			Secured Debt	(9) (25)	9/28/2026			SF+	5.50%		9/28/2031	—		—		—
			Secured Debt	(9)	9/28/2026		10.00%	SF+	5.50%	10.00%	9/28/2031	5,000		5,000		5,000
			Member Units		9/28/2026	29,817							15,640		15,640
													20,640		20,640
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	26,085		26,001		25,746
			Preferred Member Units		5/5/2023	556							15,000		—
			Preferred Equity		4/1/2025	2,400,000							2,400		5,740
													43,401		31,486
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		10.00%				12/31/2030	1,148		1,148		1,148
			Secured Debt		3/31/2021		10.00%				12/31/2030	7,722		7,709		1,702
			Preferred Member Units		3/31/2021	9,360							2,970		—
													11,827		2,850
Digital Products Holdings LLC		Designer and Distributor of Consumer Electronics
			Secured Debt	(9)	4/1/2018		13.69%	SF+	10.00%		4/27/2029	11,297		11,245		11,245
			Preferred Member Units	(8)	4/1/2018	3,857							9,501		9,835
													20,746		21,080
Direct Marketing Solutions, Inc.		Provider of Omni-Channel Direct Marketing Services
			Secured Debt	(25)	2/13/2018						2/28/2031	—		(27)		—
			Secured Debt		12/27/2022		14.00%				2/28/2031	43,187		42,887		43,187
			Preferred Stock		2/13/2018	9,936							13,040		35,088
													55,900		78,275
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	20,500		20,352		20,500

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)	5/20/2025	13,000						13,000		35,730
												33,352		56,230
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		16,627		16,566
			Secured Debt		10/3/2022		9.00%			10/3/2052	6,169		6,116		6,116
			Common Stock		10/3/2022	285						5,726		4,080
			Common Stock	(29)	10/3/2022	939						1,558		3,480
												30,025		30,240
Flame King Holdings, LLC		Propane Tank and Accessories Distributor
			Secured Debt		6/30/2025		11.00%			6/30/2030	66,000		65,513		66,000
			Common Equity	(8) (29)	4/15/2026	3,929						3,929		3,871
			Preferred Equity	(8)	10/29/2021	9,360						10,400		52,770
												79,842		122,641
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		74,891		74,966
			Member Units	(8)	6/24/2016	9,042						17,692		121,070
			Member Units	(29)	12/15/2025	408						304		304
												94,487		197,940
Garreco, LLC		Manufacturer and Supplier of Dental Products
			Member Units		7/15/2013	1,200						1,200		1,270
GRT Rubber Technologies LLC		Manufacturer of Engineered Rubber Products
			Secured Debt		12/21/2018		9.79%	SF+	6.00%	10/29/2026	3,146		3,146		3,146
			Secured Debt		12/19/2014		11.79%	SF+	8.00%	10/29/2026	40,493		40,488		40,493
			Member Units	(8)	12/19/2014	5,879						13,065		40,180
												56,699		83,819
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (2717 MH, L.P.)	(30)	10/1/2017	49.26%						1,057		1,133
			LP Interests (2717 HPP-MS, L.P.)	(8) (30)	3/11/2022	49.26%						256		72
			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		4,782
												4,654		6,503

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		6,640
IG Investor, LLC		Military and Other Tactical Gear
			Secured Debt		6/21/2023		13.00%				6/21/2028	800		786		800
			Secured Debt		6/21/2023		13.00%				6/21/2028	31,864		31,753		31,864
			Common Equity		6/21/2023	14,400							14,400		35,070
													46,939		67,734
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	388		388		388
			Member Units	(8)	11/14/2006	627							811		12,270
													1,199		12,658
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	22,973		22,950		22,950
			Preferred Equity	(8)	3/28/2022	109,926							10,993		14,820
													33,943		37,770
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9)	9/30/2026		10.00%	SF+	6.00%	10.00%	6/30/2030	1,069		1,069		1,069
			Secured Debt	(9) (14)	8/25/2025		9.89%	SF+	6.00%	9.89%	6/20/2030	36,513		36,513		13,416
			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		—
													46,313		14,485
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		11.50%				10/31/2029	11,509		11,410		11,509
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,870		3,840		3,870
			Preferred Equity	(8)	10/31/2018	581							12,240		21,740
			Member Units	(8) (29)	10/31/2018	800							992		4,250
													28,482		41,369
Legacy Swim Group		Swim Lessons Provider
			Secured Debt		4/30/2026		13.00%				11/7/2030	805		790		790
			Secured Debt		11/7/2025		13.00%				11/7/2030	32,000		31,739		31,739
			Preferred Equity	(8)	11/7/2025	366							14,996		14,996
													47,525		47,525
Metalforming Holdings, LLC		Distributor of Sheet Metal Folding and Metal Forming Equipment
			Secured Debt	(25)	10/19/2022						10/19/2026	—		(3)		—
			Secured Debt		10/19/2022		9.75%				10/19/2027	17,237		17,200		17,237

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)	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
													24,650		33,823
Midstream Valve Partners, LLC		Valve and Actuator Distributor
			Secured Debt		8/13/2026		14.00%				8/13/2031	29,000		28,720		28,720
			Preferred Member Units		8/13/2026	10,285							10,285		10,285
													39,005		39,005
Moffitt Holdings, LLC		Bulk Fuel and Lubricants Distributor
			Secured Debt		3/19/2025		13.00%				3/19/2030	32,813		32,586		32,586
			Preferred Equity		3/19/2025	14,300							14,300		16,860
													46,886		49,446
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt	(9)	1/26/2021		6.69%	SF+	3.00%		3/23/2031	17,310		17,310		17,310
			LP Interests	(8) (30)	1/26/2021	14.51%							15,000		14,195
													32,310		31,505
MS Private Loan Fund II, LP	(12) (13)	Investment Partnership
			Secured Debt	(9) (25)	9/5/2023			SF+	3.00%		3/5/2029	—		(64)		(64)
			LP Interests	(8) (30)	9/5/2023	12.46%							12,750		13,488
													12,686		13,424
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%							29,500		222,700
MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Secured Debt	(9) (25)	2/26/2026			SF+	4.50%		12/31/2029	—		(127)		(127)
			Common Equity	(8)	5/2/2022	2,078,997							30,683		24,470
													30,556		24,343
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		9,782		9,782
			Preferred Equity	(8)	3/28/2025	270							2,700		3,430
													12,482		13,212
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							185		870
													4,330		11,130
Nello Industries Investco, LLC		Manufacturer of Steel Poles and Towers For Critical Infrastructure
			Secured Debt		6/4/2024		12.50%				6/4/2029	41,344		41,171		41,344
			Preferred Equity	(8)	6/4/2024	336,803							11,197		39,290
													52,368		80,634

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)
NexRev LLC · Provider of Energy Efficiency Products & Services
		Preferred Member Units		2/28/2018	103,144,186						8,213		12,800
NRP Jones, LLC	Manufacturer of Hoses, Fittings and Assemblies
		Common Equity	(8) (29)	6/20/2025	927,581						928		928
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		18,202		18,202
		Preferred Member Units		11/2/2022	2,400						2,785		6,660
		Preferred Member Units		1/31/2017	486						11,866		10,230
											35,453		37,692
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%			12/31/2029	29,000		28,964		29,000
		Member Units	(8)	4/1/2008	900						1,080		79,620
											30,044		108,620
Orttech Holdings, LLC	Distributor of Industrial Clutches, Brakes and Other Components
		Secured Debt	(9) (25)	7/30/2021			SF+	11.00%	7/30/2029	—		—		—
		Secured Debt	(9)	7/30/2021		14.79%	SF+	11.00%	7/30/2029	20,968		20,763		20,968
		Preferred Stock	(29)	7/30/2021	10,000						10,000		10,670
											30,763		31,638
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	—		(7)		—
		Secured Debt		12/21/2023		13.00%			12/21/2028	24,880		24,768		24,880
		Preferred Equity	(8)	12/21/2023	440						12,540		20,240
											37,301		45,120
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		15,152		15,191
		Common Stock	(8)	6/10/2010	2,000						2,150		16,110
		Common Stock	(8) (29)	6/14/2022	238,421						238		678
											17,538		31,979
Principle Environmental, LLC	Noise Abatement Service Provider
		Secured Debt		7/1/2011		13.00%			8/12/2031	6,397		6,335		6,397
		Preferred Member Units	(8)	2/1/2011	21,806						5,709		14,670
		Common Stock		1/27/2021	1,037						1,200		700
											13,244		21,767

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)
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		9,830
Robbins Bros. Jewelry, Inc.	Bridal Jewelry Retailer
		Secured Debt	(14) (25)	12/15/2021				12/15/2026	—		(79)		(79)
		Secured Debt	(14)	12/15/2021		12.50%	10.00%	12/15/2026	33,660		31,130		13,486
		Preferred Equity		12/15/2021	11,070					11,070		—
										42,121		13,407
Shift Transit ParentCo, LP	Micromobility Operator for Bikeshare and Scootershare
		Secured Debt		4/22/2026		13.00%		4/22/2029	750		736		736
		Secured Debt		4/22/2026		13.00%		4/22/2031	17,800		17,641		17,641
		Secured Debt		4/22/2026		13.00%		4/22/2031	10,200		10,109		10,109
		Preferred Equity	(8)	4/22/2026	12,000					12,000		12,000
										40,486		40,486
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		23,187		23,187
		Preferred Member Units	(8)	2/27/2026	4,650					4,650		4,650
										27,837		27,837
Tedder Industries, LLC	Manufacturer of Firearm Holsters and Accessories
		Secured Debt	(17)	8/31/2018		12.00%	12.00%	8/31/2023	1,398		1,379		1,398
		Secured Debt	(14) (17)	8/31/2018		12.00%	12.00%	8/31/2023	15,200		15,044		6,282
		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		—
										26,893		7,680
Televerde, LLC	Provider of Telemarketing and Data Services
		Preferred Member Units		1/26/2022	248					718		1,491
		Preferred Member Units		7/31/2026	273					273		681
		Member Units		1/6/2011	460					1,290		—
										2,281		2,172
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		31,082		31,280
		Secured Debt		11/21/2025		9.00%		5/31/2027	2,040		2,037		2,040

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		3/25/2026		9.00%				5/31/2027	2,100		2,094		2,100
			Secured Debt		3/25/2026		9.00%				5/31/2027	400		399		400
			Common Stock	(8)	5/31/2019	654							6,021		28,700
			Common Equity	(29)	11/21/2025	723							696		696
													43,929		66,816
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		58,032		58,500
			Preferred Equity	(8)	10/8/2025	22,500							22,500		39,150
													80,532		97,650
Victory Energy Operations, LLC		Provider of Industrial and Commercial Combustion Systems
			Secured Debt	(25)	10/3/2024						10/3/2029	—		(21)		(21)
			Secured Debt		10/3/2024		13.00%				10/3/2029	46,527		46,248		46,248
			Preferred Equity		10/3/2024	51,421							22,471		26,320
													68,698		72,547
VVS Holdco LLC		Omnichannel Retailer of Animal Health Products
			Secured Debt	(9)	12/1/2021		9.79%	SF+	6.00%		12/1/2026	400		400		400
			Secured Debt		12/1/2021		11.50%				12/1/2026	22,800		22,792		22,792
			Preferred Equity	(29)	12/1/2021	12,240							12,240		12,240
													35,432		35,432
Ziegler’s NYPD, LLC		Casual Restaurant Group
			Secured Debt		7/31/2025		12.00%				12/31/2027	500		500		500
			Secured Debt		12/30/2024		12.00%				12/31/2027	1,750		1,750		1,112
			Preferred Member Units		6/30/2015	16,878							3,154		—
													5,404		1,612
Subtotal Control investments (83.1% of net assets at fair value)													$1,930,773		$2,666,715
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		9/16/2026		21.00%			21.00%	11/24/2032	$277		$194		$194
			Secured Debt		4/15/2026		21.00%			21.00%	11/24/2032	1,772		1,447		1,772
			Secured Debt		11/24/2025		21.00%			21.00%	11/24/2032	1,204		1,107		1,204
			Secured Debt		4/1/2025		20.00%			20.00%	11/24/2032	1,040		1,040		1,040
			Secured Debt	(14)	3/28/2025		20.00%			20.00%	11/24/2032	3,109		3,109		619
			Secured Debt	(14)	3/28/2025		20.00%			20.00%	11/24/2032	3,109		3,109		619
			Preferred Equity		3/28/2025	12,621,635							8,520		—
			Common Stock		12/11/2020	654,743							3,148		—
													21,674		5,448
BLI Acquisition, LLC		Healthcare Provider Data 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		2/2/2026		14.00%				2/2/2031	13,200		13,086		13,086
			Member Units		2/2/2026	210,000							2,100		2,100
													15,186		15,186
Buca C, LLC		Casual Restaurant Group
			Secured Debt	(14) (17)	8/7/2024		15.00%			15.00%	11/4/2024	9,500		6,394		—
			Secured Debt	(14) (17)	6/28/2024		15.00%			15.00%	4/1/2025	20		—		—
			Secured Debt	(14) (17)	6/30/2015		15.00%			15.00%	8/31/2023	12,442		5,862		—
			Preferred Member Units		6/30/2015	6	6.00%			6.00%			4,770		—
													17,026		—
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	—		(37)		(37)
			Secured Debt		12/17/2021		13.00%				6/5/2030	21,892		21,540		21,540
			Common Stock		12/17/2021	540,597							5,406		5,406
													26,909		26,909
CenterPeak Holdings, LLC		Executive Search Services
			Preferred Equity	(8)	12/10/2021	3,310							3,635		29,420
CGMS Parent LLC		Commercial Subcontractor Specializing in Concrete Flatwork
			Secured Debt	(25)	12/26/2025						12/26/2030	—		(33)		(33)
			Secured Debt		12/26/2025		13.00%				12/26/2030	24,531		24,326		24,326
			Preferred Equity	(8)	12/26/2025	2,000							10,000		10,000
													34,293		34,293
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)	(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	22,715		22,578		22,578
			Preferred Equity		10/9/2024	22,304							12,596		11,160
													35,174		33,738
DMA Industries, LLC		Distributor of Aftermarket Ride Control Products
			Secured Debt		6/18/2024		13.00%				6/18/2029	4,642		4,618		4,642
			Secured Debt		11/19/2021		13.00%				6/18/2029	12,800		12,764		12,800
			Preferred Equity	(8)	6/18/2024	3,068	15.00%			15.00%			4,191		9,381

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		11/19/2021	5,944						5,944		15,994
												27,517		42,817
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%						5,896		6,833
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%						1,872		2,170
												7,768		9,003
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		—
FCC Intermediate Holdco, LLC		Supply Chain Management Services
			Secured Debt	(25)	5/28/2024					5/28/2029	—		—		—
			Secured Debt		5/28/2024		13.00%			5/28/2029	29,930		27,894		29,930
			Warrants	(8) (27)	5/28/2024	12				5/28/2034		3,920		13,200
												31,814		43,130
Freeport Financial Funds	(12) (13)	Investment Partnership
			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%						1,549		510
			LP Interests (Freeport First Lien Loan Fund III LP)	(30)	7/31/2015	5.95%						524		46
												2,073		556
FRG AcquireCo, LLC		Technology Focused Risk Management Advisory Firm
			Secured Debt	(25)	9/22/2025					9/22/2028	—		(14)		(14)
			Secured Debt		9/22/2025		12.50%			9/22/2030	7,482		7,423		7,423
			Preferred Equity		9/22/2025	3,500						3,500		3,500
												10,909		10,909
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		10.50%			3/31/2031	14,173		14,065		14,173
			Preferred Member Units	(8)	3/31/2021	226						4,900		13,060
												18,965		27,233
Gulf Manufacturing, LLC	(13)	Manufacturer of Specialty Fabricated Industrial Piping Products
			Secured Debt		3/15/2024		11.82%	SF+	8.13%	3/15/2029	6,000		5,976		5,915
			Secured Debt		3/15/2024		11.82%	SF+	8.13%	3/15/2029	36,700		36,019		36,019
			Preferred Equity		12/23/2025	208						2,077		5,190
			Member Units	(8)	8/31/2007	438						2,980		3,410
			Common Stock	(29)	11/18/2024	888						888		2,150
												47,940		52,684

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(30)	8/9/2017	8.22%							1,297		3,661
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	11.61%							7,694		9,920
			LP Interests (423 HAR, L.P.)	(8) (30)	6/2/2023	15.60%							750		1,302
													9,741		14,883
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	—		(19)		—
			Secured Debt	(25)	1/2/2026						1/15/2029	—		—		—
			Secured Debt		1/2/2026		12.50%				1/15/2029	7,635		7,598		7,635
			Secured Debt		12/2/2016		12.50%				1/15/2029	49,871		49,648		49,871
			Preferred Member Units	(8)	12/2/2016	226							2,850		26,700
			Preferred Member Units	(29)	12/2/2016	226							150		1,410
													60,227		85,616
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		2,975		3,000
			Member Units	(8)	1/8/2003	347,297							2,552		3,390
													5,527		6,390
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407							18,300		18,470
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		11.00%				3/31/2028	10,959		10,954		10,959
			Preferred Equity	(8)	3/31/2023	87,360							4,368		21,620
													15,322		32,579
Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		11.49%	SF+	7.50%		8/20/2027	12,166		12,087		11,838
			Preferred Equity	(8)	12/7/2023	3,188	10.00%			10.00%			303		442
			Preferred Equity		6/3/2025	3,078	10.00%			10.00%			328		490
			Common Stock		8/20/2021	9,968							1,356		420
													14,074		13,190
Iron-Main Investments, LLC		Consumer Reporting Agency Providing Employment Background Checks and Drug Testing
			Secured Debt	(25)	6/18/2026						6/30/2031	—		(15)		(15)
			Secured Debt		8/2/2021		13.00%				6/30/2031	51,497		51,015		51,015
			Preferred Equity		6/26/2024	711	25.00%			25.00%			711		1,240
			Preferred Equity		9/26/2025	155	25.00%			25.00%			155		155

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Preferred Equity		6/18/2026	136	25.00%			25.00%			136		136
			Common Stock		8/3/2021	203,016							2,756		3,070
													54,758		55,601
ITA Holdings Group, LLC		Air Ambulance Services
			Secured Debt	(9)	6/21/2023		10.90%	SF+	7.00%		6/21/2027	1,180		1,177		1,180
			Secured Debt	(9)	6/21/2023		11.38%	SF+	7.50%		6/21/2027	4,935		4,734		4,935
			Secured Debt	(9)	6/21/2023		13.38%	SF+	9.50%		6/21/2027	4,935		4,734		4,935
			Secured Debt	(9)	6/30/2025		12.38%	SF+	8.50%		6/21/2027	7,080		7,070		7,080
			Secured Debt	(9)	3/4/2026		12.38%	SF+	8.50%		6/21/2027	3,540		3,539		3,540
			Warrants	(8) (27)	6/21/2023	193,307					6/21/2033		2,091		11,930
													23,345		33,600
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		15,470
KMS, LLC	(10)	Wholesaler of Closeout and Value-Priced Products
			Secured Debt	(9) (25)	12/29/2025			SF+	5.50%		10/1/2028	—		(29)		—
			Secured Debt		2/10/2025		12.50%				10/1/2028	1,173		1,154		1,173
			Secured Debt		2/10/2025		12.50%				10/1/2028	731		731		731
			Preferred Equity	(8)	2/10/2025	9,213							4,890		6,270
													6,746		8,174
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9)	12/19/2024		9.32%	SF+	5.50%	9.32%	1/28/2031	3,100		3,100		3,051
			Secured Debt	(9) (26)	4/11/2025		9.21%	SF+	5.50%	9.21%	1/28/2031	1,849		1,849		1,820
			Preferred Equity	(8) (29)	12/19/2024	66,306							15,791		14,250
													20,740		19,121
MoneyThumb Acquisition, LLC		Provider of Software-as-a-Service Financial File Conversion and Reconciliation
			Secured Debt		8/19/2024		12.50%				8/19/2029	6,385		6,096		6,096
			Preferred Member Units	(8)	8/19/2024	163,282	12.00%			12.00%			2,105		3,476
			Warrants	(27)	8/19/2024	59,368					8/19/2034		594		1,210
													8,795		10,782
Nearshore AcquireCo, LLC		Provider of Outsourcing Services
			Secured Debt	(25)	11/12/2025						11/12/2030	—		(20)		(20)
			Secured Debt	(25)	11/12/2025						11/12/2030	—		(51)		(51)
			Secured Debt		11/12/2025		13.00%				11/12/2030	21,900		21,721		21,721
			Preferred Equity		11/12/2025	10,520,000							5,260		6,000
													26,910		27,650

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)
OnAsset Intelligence, Inc. · Provider of Transportation Monitoring / Tracking Products and Services
			Secured Debt	(14)	4/18/2011		12.00%			12.00%	10/31/2026	4,415		4,415		2,682
			Secured Debt	(14)	5/10/2013		12.00%			12.00%	10/31/2026	2,116		2,116		1,285
			Secured Debt	(14)	3/21/2014		12.00%			12.00%	10/31/2026	983		983		597
			Secured Debt	(14)	5/20/2014		12.00%			12.00%	10/31/2026	964		964		585
			Unsecured Debt	(14)	6/5/2017		10.00%			10.00%	10/31/2026	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		5,149
Oneliance, LLC		Construction Cleaning Company
			Preferred Stock	(8)	8/6/2021	1,128							1,128		3,000
RA Outdoors LLC	(10)	Software Solutions Provider for Outdoor Activity Management
			Secured Debt	(9)	4/8/2021		10.63%	SF+	6.75%	1.42%	6/30/2028	1,551		1,551		1,195
			Secured Debt	(9)	2/5/2025		10.58%	SF+	6.75%		6/30/2028	491		491		379
			Secured Debt	(9)	7/17/2025		10.58%	SF+	6.75%		6/30/2028	480		480		369
			Secured Debt	(9)	4/8/2021		10.63%	SF+	6.75%	1.42%	6/30/2028	16,223		16,218		12,497
			Common Equity		8/12/2024	110							—		—
													18,740		14,440
Revenue Recovery Holdings, LLC		Third Party Tax Collection Services
			Secured Debt	(25)	7/25/2025						7/25/2030	—		(15)		(15)
			Secured Debt		7/25/2025		13.00%				7/25/2030	5,450		5,405		5,405
			Common Equity		7/25/2025	104,904							1,049		2,420
													6,439		7,810
RFG AcquireCo, LLC		Aerial Survey, Aerial Survey Equipment Sales & Rental, Aircraft Maintenance
			Secured Debt		6/2/2025		13.00%				6/2/2027	1,000		997		997
			Secured Debt		6/2/2025		13.00%				6/2/2030	12,000		11,915		11,915
			Secured Debt		6/2/2025		13.00%				6/2/2030	41,500		41,410		41,410
			Preferred Equity		6/2/2025	11,401							11,401		16,651
													65,723		70,973
SI East, LLC		Rigid Industrial Packaging Manufacturing
			Secured Debt		8/31/2018		11.85%				6/16/2028	2,250		2,243		2,243
			Secured Debt	(23)	6/16/2023		12.79%				6/16/2028	66,319		66,263		66,263
			Preferred Member Units	(8)	8/31/2018	165							1,525		13,070
													70,031		81,576
Slick Innovations, LLC		Text Message Marketing Platform

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		9/13/2018		12.00%		3/21/2030	20,520		20,358		20,520
			Common Stock		9/13/2018	70,000					—		3,440
											20,358		23,960
Specialized Aviation Holdings, LLC		Distributor and Service and Maintenance Provider for Specialty Aircraft
			Preferred Stock	(8)	8/29/2025	25,000					15,000		15,000
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt		9/11/2024		8.50%	8.50%	12/31/2027	233		233		863
			Secured Debt	(14)	12/31/2022		8.50%	8.50%	12/31/2027	5,327		4,884		1,227
			Preferred Equity		12/31/2022	5,907,649					—		—
											5,117		2,090
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Preferred Member Units	(8)	8/31/2020	1,636					4,500		20,460
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%					2,864		4,915
UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	6/6/2023	14.91%					6,444		7,648
UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Preferred Stock		8/21/2018	15,863,397	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		—
			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		8,757		8,495
			Preferred Equity		2/16/2024	4,000					4,614		772
											13,371		9,267
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	13,480		13,480		13,115
			Preferred Shares		6/30/2026	8,447	12.00%	12.00%			4,840		4,550

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 Shares		6/30/2026	8,447							—		—
													18,320		17,665
Wildcats Topco LLC		Provider of Veterinary Services and Products
			Common Equity		5/8/2025	22,426,711							22,427		26,520
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		13.00%				12/12/2028	8,568		8,548		8,548
			Preferred Equity	(8)	12/12/2022	3,845							3,845		3,845
													12,393		12,393
Subtotal Affiliate investments (31.7% of net assets at fair value)													$901,424		$1,016,605
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	$10,507		$10,507		$10,507
			Secured Debt	(9) (33)	11/26/2025		11.00%	SF+	8.00%	1.00%	3/11/2027	736		731		736
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	8.00%	1.00%	3/11/2027	14,672		14,668		14,672
													25,906		25,915
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	—		(30)		(30)
			Secured Debt	(9)	7/24/2025		9.45%	SF+	5.50%		7/24/2031	2,355		2,320		2,320
			Secured Debt	(9)	7/24/2025		9.32%	SF+	5.50%		7/24/2031	9,139		9,030		9,062
			Common Equity		7/24/2025	7,292							729		660
													12,049		12,012
Airo Purchaser, Inc.	(10)	Provider of HVAC and Plumbing Installation Services
			Secured Debt	(9) (25)	8/1/2025			SF+	5.25%		8/1/2030	—		(53)		(53)
			Secured Debt	(9)	8/1/2025		9.09%	SF+	5.25%		8/1/2030	2,753		2,700		2,753
			Secured Debt	(9)	8/1/2025		9.09%	SF+	5.25%		8/1/2030	27,388		27,021		27,388
			Common Equity		8/1/2025	1,521							1,521		1,650
													31,189		31,738
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		—
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		12.25%	P+	5.25%		11/19/2028	5,108		5,102		5,108

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)
													5,100		5,106
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt		11/6/2023		15.00%			15.00%	11/6/2028	5,383		5,383		5,383
			Secured Debt	(9)	11/6/2023		10.50%	SF+	6.50%	10.50%	11/6/2028	9,709		9,709		9,709
			Preferred Equity		11/6/2023	32,507							14,060		17,875
			Preferred Equity		11/6/2023	32,507							—		—
			Common Equity		11/9/2021	3,898							234		—
													29,386		32,967
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		9.99%	SF+	6.00%		1/18/2028	1,440		1,399		1,440
			Secured Debt	(9)	1/18/2022		8.99%	SF+	5.00%		1/18/2028	6,660		6,660		6,660
			Secured Debt	(9)	1/18/2022		10.99%	SF+	7.00%		1/18/2028	6,660		6,660		6,660
			Common Stock		1/18/2022	720,000							720		1,100
													15,439		15,860
Auria Space, LLC	(10)	Provider of Satellite Operations and Command Software for Defense and Intelligence Platforms
			Secured Debt	(9) (25)	12/31/2025			SF+	5.75%		12/31/2030	—		(143)		(143)
			Secured Debt	(9)	12/31/2025		9.65%	SF+	5.75%		12/31/2030	60,805		60,033		60,805
			Secured Debt	(9)	12/31/2025		9.65%	SF+	5.75%		12/31/2030	57,004		56,287		57,004
			Member Units		2/6/2026	562,714							3,040		3,040
													119,217		120,706
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO Provider
			Secured Debt	(9) (25)	12/23/2022			SF+	7.25%		12/23/2027	—		(40)		(40)
			Secured Debt	(9) (25)	12/18/2025			SF+	7.25%		12/23/2027	—		(24)		(24)
			Secured Debt	(9)	12/23/2022		11.47%	SF+	7.25%		12/23/2027	22,985		22,736		22,985
			Common Equity		12/15/2021	984							934		1,768
													23,606		24,689
Behavior Development Group Holdings	(10)	Applied Behavior Analysis Therapy Provider
			Secured Debt	(9) (32)	12/17/2025		9.87%	SF+	6.00%		12/17/2030	1,500		1,481		1,452
			Secured Debt	(9)	12/17/2025		10.07%	SF+	6.00%		12/17/2030	9,524		9,405		9,219
			Common Equity		12/17/2025	300							300		240
													11,186		10,911
Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt	(9) (14) (17)	1/9/2024		12.30%	SF+	8.50%	11.30%	5/6/2026	185		109		244
			Secured Debt	(9) (14) (17)	10/19/2022		14.50%	P+	7.50%	13.50%	5/6/2026	2,734		2,685		94
			Secured Debt	(9) (14) (17)	8/28/2020		12.30%	SF+	8.50%	11.30%	5/6/2026	4,183		3,908		—

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		10/1/2020	723,184						1		—
			Warrants	(27)	10/19/2022	163,295				10/19/2032		1,036		—
												7,739		338
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	—		(14)		(14)
			Secured Debt	(9)	2/3/2025		8.48%	SF+	4.75%	2/3/2030	3,938		3,892		3,851
			Secured Debt	(9)	2/3/2025		10.48%	SF+	6.75%	2/3/2030	3,938		3,892		3,851
			Common Equity		2/3/2025	248,718						249		249
												8,019		7,937
Bond Brand Loyalty ULC	(10) (13) (21)	Provider of Loyalty Marketing Services
			Secured Debt	(9)	5/1/2023		9.63%	SF+	5.75%	5/1/2028	143		134		143
			Secured Debt	(9)	10/31/2025		9.63%	SF+	5.75%	5/1/2028	1,382		1,364		1,382
			Secured Debt	(9)	5/1/2023		8.63%	SF+	4.75%	5/1/2028	6,212		6,173		6,212
			Secured Debt	(9)	5/1/2023		10.63%	SF+	6.75%	5/1/2028	6,212		6,173		6,212
			Preferred Equity		5/1/2023	571						571		670
			Common Equity		5/1/2023	571						—		—
												14,415		14,619
Brainworks Software, LLC	(10)	Advertising Sales and Newspaper Circulation Software
			Secured Debt	(9) (14) (17)	8/12/2014		14.25%	P+	7.25%	7/22/2019	761		761		—
			Secured Debt	(9) (14) (17)	8/12/2014		14.25%	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%						2,163		1,937
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	0.72%						5,000		5,246
												12,061		9,790
Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9) (32)	2/7/2022		10.72%	SF+	6.75%	2/7/2027	8,286		8,248		8,286
			Secured Debt	(9)	2/7/2022		10.74%	SF+	6.75%	2/7/2027	35,515		35,463		35,515
			Secured Debt	(9)	6/24/2022		10.74%	SF+	6.75%	2/7/2027	1,968		1,965		1,968
			Secured Debt	(9)	3/27/2023		10.74%	SF+	6.75%	2/7/2027	4,756		4,745		4,756
			Secured Debt	(9)	5/11/2026		10.74%	SF+	6.75%	2/7/2027	3,898		3,852		3,898
												54,273		54,423
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17) (37)	9/23/2014					1/5/2015	2,627		2,627		4

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)
Coregistics Buyer LLC	(10) (13) (21)	Contract Packaging Service Provider
			Secured Debt	(9)	6/29/2024		10.27%	SF+	6.50%		6/28/2029	1,669		1,621		1,660
			Secured Debt	(9)	6/29/2024		10.32%	SF+	6.50%		6/28/2029	10,462		10,323		10,369
			Secured Debt	(9)	6/29/2024		10.57%	SF+	6.75%		6/28/2029	31,548		31,116		30,222
			Secured Debt	(9)	8/15/2024		10.23%	SF+	6.50%		6/28/2029	6,975		6,896		6,910
													49,956		49,161
CoreStack, Inc.	(10)	Multi-Cloud Governance Platform Provider
			Secured Debt		3/25/2026		10.00%			10.00%	9/25/2028	1,451		1,451		1,451
			Secured Debt	(37)	3/25/2026						9/25/2028	13,089		13,089		13,089
													14,540		14,540
CQ Fluency, LLC	(10)	Global Language Services Provider
			Secured Debt	(9) (25)	12/27/2023			SF+	6.50%		6/27/2027	—		(14)		(14)
			Secured Debt	(9)	12/27/2023		10.67%	SF+	6.50%		6/27/2027	9,844		9,780		9,844
													9,766		9,830
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	—		(127)		—
			Secured Debt	(9) (25)	12/31/2025			SF+	6.75%		6/30/2029	—		(220)		(220)
			Secured Debt	(9)	12/31/2025		11.09%	SF+	6.75%		6/30/2029	9,173		9,032		9,173
			Secured Debt	(9)	8/19/2022		11.09%	SF+	6.75%		6/30/2029	14,372		14,118		14,372
													22,803		23,325
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	—		(145)		(145)
			Secured Debt	(9)	3/4/2025		10.75%	SF+	7.00%		6/27/2029	5,492		5,417		5,492
			Secured Debt	(9)	6/27/2024		11.07%	SF+	7.00%		6/27/2029	88,024		87,041		88,024
			Common Equity		3/4/2025	10,851							1,085		490
													93,398		93,861
Dalton US Inc.	(10)	Provider of Supplemental Labor Services
			Preferred Stock		9/28/2026	41							41		160
			Common Stock		8/16/2022	515							720		490
													761		650
Dynamic Communities, LLC	(10)	Developer of Business Events and Online Community Groups
			Secured Debt	(9)	12/20/2022		12.00%	SF+	8.00%	12.00%	12/31/2026	2,852		2,825		2,852

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9)	12/20/2022		13.00%	SF+	9.00%	12/31/2026	2,536		2,303		2,506
			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						—		—
												5,256		5,468
Electro Technical Industries, LLC	(10)	Manufacturer of Mission-Critical Electrical Distribution Systems
			Common Equity		3/31/2025	1,464,286						1,464		11,190
EnCap Energy Fund Investments	(12) (13)	Investment Partnership
			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%						3,152		653
			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%						6,615		3,830
			LP Interests (EnCap Energy Capital Fund XII, L.P.)	(8) (30)	8/31/2023	0.19%						9,021		10,449
			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%						3,370		1,126
												28,517		16,150
Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (32)	4/7/2023		10.07%	SF+	6.00%	4/7/2029	292		275		292
			Secured Debt	(9)	10/2/2024		10.07%	SF+	6.00%	4/7/2029	1,323		1,310		1,323
			Secured Debt	(9)	4/7/2023		10.07%	SF+	6.00%	4/7/2029	24,921		24,599		24,921
			Common Equity		4/7/2023	649,794						663		780
												26,847		27,316
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems
			Secured Debt	(9)	12/22/2021		11.34%	SF+	7.00%	12/22/2026	3,692		3,690		3,692
			Secured Debt	(9)	12/22/2021		11.34%	SF+	7.00%	12/22/2026	47,620		47,597		47,620
												51,287		51,312
EWMW LP	(12) (13)	Investment Partnership
			Secured Debt		12/23/2025		9.75%	SF+	6.00%		3,016		3,016		3,016
Garyline, LLC	(10)	Manufacturer of Consumer Plastic Products
			Secured Debt	(9) (32)	4/14/2025		10.79%	SF+	7.00%	10/14/2027	2,053		2,013		2,053
			Secured Debt	(9)	4/14/2025		10.79%	SF+	7.00%	10/14/2027	27,878		27,648		27,877

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		11/10/2023	705,882							706		450
													30,367		30,380
GradeEight Corp.	(10)	Distributor of Maintenance and Repair Parts
			Secured Debt	(9) (25)	10/4/2024			SF+	7.00%		10/4/2029	—		(60)		—
			Secured Debt	(9)	10/4/2024		10.73%	SF+	7.00%		10/4/2029	4,124		4,056		4,124
			Secured Debt	(9) (26)	10/4/2024		10.77%	SF+	7.00%		10/4/2029	30,220		29,854		30,220
			Common Equity		10/4/2024	1,653							1,634		1,220
													35,484		35,564
GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor
			Secured Debt	(9)	10/18/2019		10.50%	SF+	6.50%		11/30/2028	6,061		6,057		5,742
			Secured Debt	(9)	10/18/2019		10.50%	SF+	6.50%		11/30/2028	9,774		9,765		9,260
			Secured Debt	(9)	9/15/2023		10.50%	SF+	6.50%		11/30/2028	877		876		831
			Secured Debt	(9)	12/22/2023		10.50%	SF+	6.50%		11/30/2028	209		209		198
			Secured Debt	(9)	8/22/2024		10.50%	SF+	6.50%		11/30/2028	5,656		5,650		5,358
													22,557		21,389
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (32)	9/30/2022		11.00%	SF+	7.00%		9/30/2028	353		346		320
			Secured Debt	(9)	9/30/2022		11.00%	SF+	7.00%		9/30/2028	292		286		265
			Secured Debt	(9)	9/30/2022		11.00%	SF+	7.00%		9/30/2028	3,514		3,485		3,176
													4,117		3,761
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (423 AER II, LP)	(30)	6/2/2025	4.13%							1,678		2,148
			LP Interests (HPEP 5, L.P.)	(30)	6/10/2026	17.46%							1,000		1,000
													2,678		3,148
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9) (14)	3/7/2024		9.01%	SF+	3.50%	2.50%	11/21/2026	2,607		2,557		952
			Secured Debt	(14)	3/7/2024		2.50%			2.50%	11/21/2026	1,583		671		—
			Common Equity		3/7/2024	64,029							—		—
													3,228		952
Hornblower Sub, LLC	(10)	Marine Tourism and Transportation
			Secured Debt	(9) (25)	7/3/2024			SF+	5.50%		7/3/2029	—		(27)		—
			Secured Debt	(9)	7/3/2024		9.25%	SF+	5.50%	1.50%	7/3/2029	33,179		32,985		33,108
													32,958		33,108
Horwitz Holdings, LLC	(10)	Provider of Mechanical, Electrical and Plumbing Services
			Secured Debt	(9)	6/30/2026		9.55%	SF+	5.50%		6/30/2031	17,109		16,652		16,746
			Secured Debt	(9) (25)	6/30/2026			SF+	5.50%		6/30/2031	—		(305)		(305)
			Secured Debt	(9)	6/30/2026		9.57%	SF+	5.50%		6/30/2031	81,267		79,748		79,544
													96,095		95,985

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
HOWLCO LLC	(11) (13) (21)	Provider of Accounting and Business Development Software to Real Estate End Markets
			Secured Debt	(9)	8/19/2021		10.49%	SF+	6.50%	3.50%	10/23/2027	27,913		27,913		25,638
Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel
			Secured Debt	(9)	6/30/2021		11.98%	SF+	8.25%		12/31/2027	7,200		7,147		7,200
IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9)	7/30/2021		9.75%	SF+	5.75%		7/30/2028	46		40		46
			Secured Debt	(9)	7/30/2021		9.75%	SF+	5.75%		7/30/2028	10,048		10,007		10,048
			Secured Debt	(9)	7/30/2021		9.75%	SF+	5.75%		7/30/2028	4,815		4,794		4,815
													14,841		14,909
Ignite Visibility LLC	(10)	Digital Marketing Services Agency
			Secured Debt	(9)	12/15/2025		8.73%	SF+	5.00%		12/1/2028	4,759		4,707		4,759
			Secured Debt	(9)	12/15/2025		10.73%	SF+	7.00%		12/1/2028	4,759		4,707		4,759
													9,414		9,518
Imaging Business Machines, L.L.C.	(10)	Technology Hardware & Equipment
			Common Equity	(8)	6/8/2023	849							1,166		1,190
Implus Footcare, LLC	(10)	Provider of Footwear and Related Accessories
			Secured Debt	(9)	6/13/2025		10.08%	SF+	6.00%	4.00%	10/30/2028	2,003		2,003		2,003
			Secured Debt	(9)	7/31/2025		10.08%	SF+	6.00%	10.08%	10/30/2028	4,759		4,759		4,759
			Common Equity		7/31/2025	4,238,917							5,680		5,690
													12,442		12,452
Insight Borrower Corporation	(10)	Test, Inspection, and Certification Instrument Provider
			Secured Debt	(9) (32)	7/19/2023		10.10%	SF+	6.25%	10.10%	7/19/2029	1,472		1,443		1,236
			Secured Debt	(9)	7/19/2023		9.98%	SF+	6.25%	9.98%	7/19/2030	14,061		13,861		11,810
			Common Equity		7/19/2023	131,100							656		—
													15,960		13,046
Inspire Aesthetics Management, LLC	(10)	Surgical and Non-Surgical Plastic Surgery and Aesthetics Provider
			Secured Debt	(9)	4/3/2023		13.28%	SF+	9.50%	1.50%	4/3/2028	868		861		826
			Secured Debt	(9)	4/3/2023		13.28%	SF+	9.50%	1.50%	4/3/2028	7,331		7,276		6,978
			Secured Debt	(9)	6/14/2023		13.28%	SF+	9.50%	1.50%	4/3/2028	2,949		2,928		2,807
			Secured Debt	(9)	12/31/2024		13.28%	SF+	9.50%	1.50%	4/3/2028	341		341		324
			Common Equity		4/3/2023	177,594							463		97
													11,869		11,032

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)
Interface Security Systems, L.L.C	(10)	Commercial Security & Alarm Services
			Secured Debt	(17) (32)	12/9/2021		13.96%	SF+	10.00%	13.96%	8/7/2023	2,652		2,652		2,424
			Secured Debt	(9) (14) (17)	8/7/2019		10.74%	SF+	7.00%	10.74%	8/7/2023	7,313		7,237		9
			Common Stock		12/7/2021	2,143							—		—
													9,889		2,433
Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats
			Secured Debt	(9) (14)	8/28/2019		11.32%	SF+	7.50%		12/31/2031	934		898		597
			Secured Debt	(9) (14) (26)	8/28/2019		11.34%	SF+	7.50%	11.34%	12/31/2031	17,458		17,425		10,850
													18,323		11,447
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		2,819		458
			Common Equity		4/13/2023	198,743							—		—
													2,819		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		10.99%	SF+	7.00%	6.45%	5/17/2029	495		491		409
			Secured Debt	(9)	5/20/2024		10.99%	SF+	7.00%	6.45%	5/17/2029	2,285		2,264		1,888
			Secured Debt	(9)	5/20/2024		10.99%	SF+	7.00%	6.45%	5/17/2029	2,290		2,269		1,893
			Secured Debt	(9)	5/20/2024		10.99%	SF+	7.00%	6.45%	5/17/2029	2,296		2,275		1,897
													7,299		6,087
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9) (26)	10/26/2022		10.90%	SF+	7.00%		11/4/2026	718		718		718
			Secured Debt	(9) (26)	2/27/2024		10.93%	SF+	7.00%		11/4/2026	625		625		625
			Secured Debt	(9) (26)	11/1/2024		11.05%	SF+	7.00%		11/4/2026	667		666		667
			Secured Debt	(9)	11/8/2021		10.91%	SF+	7.00%		11/4/2026	1,659		1,658		1,659
			Preferred Equity		11/8/2021	2,826,667							110		650
													3,777		4,319
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(9)	3/30/2024		11.92%	SF+	8.00%		3/29/2029	1,341		1,341		1,341
			Secured Debt	(9)	3/30/2024		11.92%	SF+	8.00%		3/29/2029	1,369		1,369		1,306
			Common Stock		3/29/2024	5,461,019							200		—
													2,910		2,647
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

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 (LKCM Headwater CV I Minerals, L.P.)	(8) (30)	3/27/2026	1.82%							618		618
LLFlex, LLC	(10)	Provider of Metal-Based Laminates
			Secured Debt	(9)	8/16/2021		11.84%	SF+	8.00%	3.00%	12/31/2029	4,215		4,144		3,531
Logix Acquisition Company, LLC	(10)	Competitive Local Exchange Carrier
			Secured Debt	(9)	4/11/2025		10.74%	SF+	7.00%	10.74%	12/31/2028	46,499		45,990		46,499
			Secured Debt	(26)	4/11/2025						12/31/2028	2,963		2,456		2,372
													48,446		48,871
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		9.57%	SF+	5.50%		12/2/2030	11,080		10,985		11,080
			Secured Debt	(9)	12/1/2025		9.57%	SF+	5.50%		12/2/2030	39,457		39,126		39,457
			Common Equity		12/1/2025	1,590,287							1,139		1,239
													51,250		51,776
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25)	4/4/2022			SF+	5.50%		4/3/2028	—		(18)		(18)
			Secured Debt	(9)	11/20/2024		9.50%	SF+	5.50%		4/3/2028	10,939		10,871		10,939
			Secured Debt	(9)	4/4/2022		9.50%	SF+	5.50%		4/3/2028	10,645		10,590		10,645
													21,443		21,566
Mini Melts of America, LLC	(10)	Manufacturer and Distributor of Branded Premium Beaded Ice Cream
			Secured Debt	(9) (32)	11/30/2023		10.09%	SF+	6.25%		11/30/2028	1,724		1,705		1,619
			Secured Debt	(9) (26)	11/30/2023		10.05%	SF+	6.25%		11/30/2028	1,295		1,280		1,217
			Secured Debt	(9)	11/30/2023		9.01%	SF+	5.25%		11/30/2028	4,567		4,519		4,290
			Secured Debt	(9)	11/30/2023		11.01%	SF+	7.25%		11/30/2028	4,567		4,517		4,287
			Common Equity		11/30/2023	524,888							525		140
													12,546		11,553
Mission Critical Group	(10)	Backup Power Generation
			Secured Debt	(9)	4/1/2026		8.99%	SF+	5.25%		10/1/2030	3,747		3,670		3,747
			Secured Debt	(9) (25)	4/1/2026			SF+	5.25%		10/1/2030	—		(221)		(221)
			Secured Debt	(9)	4/1/2026		8.99%	SF+	5.25%		10/1/2030	111,284		109,913		111,284
			Common Equity	(8)	6/7/2023	1,366							4,077		44,870
													117,439		159,680
MonitorUS Holding, LLC	(10) (13) (21)	SaaS Provider of Media Intelligence Services
			Secured Debt		5/24/2022		9.00%			6.00%	5/30/2029	4,227		4,215		4,330

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		5/24/2022		9.00%			6.00%	5/30/2029	7,339		7,316		8,117
			Secured Debt		5/24/2022		9.00%			6.00%	5/30/2029	18,443		18,388		18,151
			Common Shares		8/30/2022	112,902,728							1,221		461
													31,140		31,059
Nexus Power Enterprises, LLC	(10)	Provider of Electrical Power Systems Solutions
			Secured Debt	(9) (25)	7/9/2026			SF+	5.50%		7/9/2031	—		(91)		(91)
			Secured Debt	(9) (25)	7/9/2026			SF+	5.50%		7/9/2031	—		(91)		(91)
			Secured Debt	(9)	7/9/2026		9.24%	SF+	5.50%		7/9/2031	35,112		34,612		34,612
			Member Units		7/9/2026	1,600,000							1,600		1,600
													36,030		36,030
Obra Capital, Inc.	(10)	Provider of Asset Management Services Specialized in Insurance-Linked Strategies
			Secured Debt	(9) (25)	6/21/2024			SF+	8.00%		12/21/2028	—		(3)		(3)
			Secured Debt	(9)	6/21/2024		12.00%	SF+	8.00%	0.50%	6/21/2029	25,945		25,298		25,945
			Secured Debt	(9)	5/13/2025		12.00%	SF+	8.00%	0.50%	6/21/2029	3,138		3,048		3,138
													28,343		29,080
OnPoint Industrial Services, LLC	(10)	Environmental & Facilities Services
			Secured Debt	(9)	12/18/2024		10.07%	SF+	6.00%		11/16/2028	1,348		1,335		1,348
			Secured Debt	(9)	8/10/2026		10.07%	SF+	6.00%		11/16/2028	1,167		1,156		1,167
			Secured Debt	(9)	4/1/2024		10.07%	SF+	6.00%		11/16/2028	3,746		3,711		3,746
													6,202		6,261
Ospemifene Royalty Sub LLC	(10)	Estrogen-Deficiency Drug Manufacturer and Distributor
			Secured Debt	(14) (37)	7/8/2013						11/15/2026	4,312		4,312		5
PavCon LLC	(10)	Provider of Predictive Data Analytics to the Department of Defense
			Secured Debt	(9) (25)	1/2/2026			SF+	5.25%		1/2/2031	—		(26)		(26)
			Secured Debt	(9) (25)	1/2/2026			SF+	5.25%		1/2/2031	—		(26)		(26)
			Secured Debt	(9)	1/2/2026		9.59%	SF+	5.25%		1/2/2031	10,796		10,612		10,796
													10,560		10,744
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		9.31%	SF+	5.50%		5/1/2029	7,740		7,615		7,740
			Secured Debt	(9)	9/7/2023		9.57%	SF+	5.50%		5/1/2029	739		726		739
			Secured Debt	(9)	1/30/2024		9.57%	SF+	5.50%		5/1/2029	743		733		743
			Secured Debt	(9)	6/28/2024		9.32%	SF+	5.25%		5/1/2029	844		837		844
			Secured Debt	(9)	1/21/2025		8.98%	SF+	5.25%		5/1/2029	1,871		1,860		1,871

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(9)	7/31/2025		9.07%	SF+	5.25%		5/1/2029	2,006		1,992		2,006
			Secured Debt	(9)	11/21/2025		8.51%	SF+	4.75%		5/1/2029	2,112		2,096		2,112
			Secured Debt	(9)	2/4/2026		8.50%	SF+	4.75%		5/1/2029	11,515		11,424		11,515
													27,283		27,570
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	—		(32)		(32)
			Secured Debt	(9)	4/24/2026		9.53%	SF+	5.75%		4/24/2031	20,338		20,153		20,153
			Common Equity		4/24/2026	1,202,381							1,202		1,202
													21,323		21,323
Resodyn, LLC	(10)	Provider of Industrial Mixing Equipment
			Secured Debt	(9) (25)	7/21/2026			SF+	6.25%		7/21/2031	—		(100)		(100)
			Secured Debt	(9)	7/21/2026		10.32%	SF+	6.25%		7/21/2031	17,859		17,520		17,520
			Member Units		7/21/2026	1,579,787							1,580		1,580
													19,000		19,000
Richardson Sales Solutions	(10)	Business Services
			Secured Debt	(9) (25)	8/24/2023			SF+	5.00%		8/24/2028	—		(39)		—
			Secured Debt	(9)	8/24/2023		8.90%	SF+	5.00%		8/24/2028	31,806		31,386		31,806
			Secured Debt	(9)	9/10/2024		8.76%	SF+	5.00%		8/24/2028	20,664		20,463		20,664
													51,810		52,470
Roof Opco, LLC	(10)	Residential Re-Roofing/Repair
			Secured Debt		8/27/2021		10.00%			10.00%	8/31/2029	319		317		319
			Secured Debt		8/27/2021		10.00%			10.00%	8/31/2029	3,861		3,849		2,771
			Secured Debt		8/27/2021		10.00%			10.00%	8/31/2029	3,899		3,886		2,737
													8,052		5,827
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		9.57%	SF+	5.50%		5/16/2028	1,246		1,245		1,246
			Secured Debt	(9)	7/16/2021		9.57%	SF+	5.50%		5/16/2028	6,519		6,457		6,519
													7,702		7,765
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		9.00%	SF+	5.00%		8/8/2029	51,553		51,323		51,553
			Secured Debt	(9)	7/31/2025		9.00%	SF+	5.00%		8/8/2029	10,396		10,324		10,396
			Common Equity	(8)	12/10/2021	864							864		1,303
													62,511		63,252
SPAU Holdings, LLC	(10)	Digital Photo Product Provider
			Secured Debt	(9) (32)	7/1/2022		11.09%	SF+	7.00%		7/2/2029	2,683		2,652		2,683

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)	7/1/2022		11.22%	SF+	7.00%		7/2/2029	15,289		15,140		15,289
			Common Stock		7/1/2022	638,710							639		630
													18,431		18,602
TEC Services, LLC	(10)	Provider of Janitorial Service for Food Retailers
			Secured Debt	(9) (25)	12/31/2024			SF+	5.50%		12/31/2029	—		(62)		(62)
			Secured Debt	(9)	12/31/2024		9.67%	SF+	5.50%		12/31/2029	31,767		31,463		31,767
													31,401		31,705
Tex Tech Tennis, LLC	(10)	Sporting Goods & Textiles
			Preferred Equity	(8) (29)	7/7/2021	1,000,000							1,000		3,390
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) (32)	3/11/2024		10.57%	SF+	6.50%		3/11/2029	2,843		2,782		2,843
			Secured Debt	(9)	3/11/2024		10.57%	SF+	6.50%		3/11/2029	33,328		32,757		33,328
			Secured Debt	(9)	2/27/2025		10.57%	SF+	6.50%		3/11/2029	4,265		4,201		4,265
			Secured Debt	(9)	8/5/2025		10.57%	SF+	6.50%		3/11/2029	4,826		4,745		4,826
			Preferred Equity		3/11/2024	1,358,892	8.00%			8.00%			1,375		1,550
													45,860		46,812
UBM AcquireCo LLC		Mail Commingling and Logistics Provider
			Secured Debt	(25)	12/20/2025						12/20/2027	—		(24)		(24)
			Secured Debt		12/20/2025		11.00%				12/20/2030	15,600		15,474		15,474
			Secured Debt		12/20/2025		11.00%				12/20/2030	42,800		42,442		42,442
			Common Equity	(8)	12/20/2025	80							8,000		7,180
													65,892		65,072
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		10.39%	SF+	6.50%		7/29/2029	13,069		12,848		13,069
			Secured Debt	(9)	3/10/2026		10.34%	SF+	6.50%		7/29/2029	3,523		3,457		3,523
			Secured Debt	(9)	7/29/2024		10.57%	SF+	6.50%		7/29/2029	42,577		42,101		42,577
			Common Equity		7/29/2024	1,521							1,521		1,490
													59,927		60,659
U.S. TelePacific Corp.	(11)	Provider of Communications and Managed Services
			Secured Debt	(9) (26)	7/1/2026		14.88%	SF+	11.15%	10.00%	12/31/2026	1,194		1,177		1,177
			Secured Debt	(9)	7/1/2026		11.88%	SF+	8.15%	7.00%	12/31/2026	718		718		718
			Secured Debt	(9)	7/1/2026		15.22%	SF+	11.15%	10.00%	12/31/2026	1,173		1,173		1,173
			Secured Debt		7/1/2026		1.00%				12/31/2026	418		381		381
			Secured Debt	(14)	6/1/2023						5/2/2027	8,306		1,106		810

Portfolio Company (1) (20) · Business Description · Type of Investment(2) (3) (15) · Investment Date(24) · Shares/Units · Total Rate · Reference Rate and Spread (28) · PIK Rate (19) · MaturityDate · Principal (4) · Cost (4) · Fair Value (18)
			Secured Debt	(14)	6/1/2023						5/2/2027	1,003		20		—
													4,575		4,259
UserZoom Technologies, Inc.	(10)	Provider of User Experience Research Automation Software
			Secured Debt	(9)	1/7/2026		11.59%	SF+	7.75%	1.75%	4/5/2029	326		321		279
			Secured Debt	(9)	1/11/2023		11.56%	SF+	7.75%	1.75%	4/5/2029	4,052		3,996		3,463
													4,317		3,742
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		9.37%	SF+	5.50%		4/30/2028	402		402		396
			Secured Debt	(9)	4/30/2025		9.34%	SF+	5.50%	9.34%	4/30/2028	8,148		8,148		8,015
			Secured Debt		4/30/2025		12.00%			12.00%	7/31/2028	5,726		5,726		5,482
			Common Equity		4/30/2025	3,219							3,410		110
													17,686		14,003
WECS Group, LLC	(10)	Provider of Specialty Medium Voltage Cable and Components
			Secured Debt	(9) (32)	7/2/2026		9.53%	SF+	5.75%		7/2/2032	10,125		9,801		9,801
			Secured Debt	(9)	7/2/2026		9.59%	SF+	5.75%		7/2/2032	7,500		7,246		7,246
			Secured Debt	(9)	7/2/2026		9.48%	SF+	5.75%		7/2/2032	30,000		29,425		29,425
			Member Units		7/2/2026	1,125							1,125		1,125
													47,597		47,597
Winter Services LLC	(10)	Provider of Snow Removal and Ice Management Services
			Secured Debt	(9) (32)	11/19/2021		11.66%	SF+	7.50%		11/19/2027	889		848		889
			Secured Debt	(9)	11/19/2021		11.99%	SF+	8.00%		11/19/2027	1,874		1,869		1,874
			Secured Debt	(9)	1/16/2024		10.99%	SF+	7.00%		11/19/2027	7,240		7,044		7,240
			Secured Debt	(9)	1/16/2024		12.99%	SF+	9.00%		11/19/2027	7,240		7,206		7,240
													16,967		17,243
Xenon Arc, Inc.	(10)	Tech-enabled Distribution Services to Chemicals and Food Ingredients Primary Producers
			Secured Debt	(9)	12/17/2021		10.14%	SF+	6.00%		12/20/2028	23,389		23,242		23,389
			Secured Debt	(9)	12/17/2021		9.83%	SF+	6.00%		12/20/2028	36,766		36,556		36,766
			Secured Debt	(9)	3/31/2025		10.17%	SF+	6.00%		12/20/2028	10,472		10,349		10,472
													70,147		70,627
YS Garments, LLC	(11)	Designer and Provider of Branded Activewear
			Secured Debt	(9) (26)	8/22/2018		11.46%	SF+	7.50%		8/9/2027	10,592		10,547		8,589
ZRG Partners, LLC	(10)	Talent Advisory Services 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	(9)	6/14/2024	12.00%	P+	5.00%	6/14/2029	4,864		4,751		4,864
	Secured Debt	(9) (26)	6/14/2024	10.07%	SF+	6.00%	6/14/2029	15,839		15,630		15,839
	Secured Debt	(9)	6/14/2024	9.85%	SF+	6.00%	6/14/2029	6,452		6,380		6,452
	Secured Debt	(9) (26)	4/24/2026	10.07%	SF+	6.00%	6/14/2029	7,500		7,363		7,500
	Secured Debt	(9)	6/14/2024	10.04%	SF+	6.00%	6/14/2029	46,119		45,602		46,119
									79,726		80,774
Subtotal Non-Control/Non-Affiliate investments (66.0% of net assets at fair value)									$2,126,728		$2,117,049
Total Portfolio Company investments, September 30, 2026 (180.8% of net assets at fair value)									$4,958,925		$5,800,369
Money market funds (included in cash and cash equivalents)
Dreyfus Government Cash Management (35)									$13,218		$13,218
Fidelity Government Fund (36)									719		719
Fidelity Treasury (31)									1,458		1,458
Total money market funds									$15,395		$15,395

(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 1.27%.

(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 September 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 11.85% per the credit agreement and the Consolidated Schedule of Investments above reflects such higher rate.

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

(25)The position is unfunded and no interest income is being earned as of September 30, 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 September 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 September 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 September 30, 2026 was approximately 3.52% 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 September 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 September 30, 2026 was approximately 3.63% on the Dreyfus Government Cash Management.

(36)Effective yield as of September 30, 2026 was approximately 3.48% on the Fidelity Government Fund.

(37)Non-income producing debt investment.

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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.