main-20230630


	June 30, 2023		December 31, 2022
	(Unaudited)
ASSETS
Investments at fair value:
Control investments (cost: $1,377,194 and $1,270,802 as of June 30, 2023 and December 31, 2022, respectively)	$	1,883,699	$	1,703,172
Affiliate investments (cost: $539,826 and $635,536 as of June 30, 2023 and December 31, 2022, respectively)	563,125		618,359
Non‑Control/Non‑Affiliate investments (cost: $1,825,669 and $1,867,414 as of June 30, 2023 and December 31, 2022, respectively)	1,763,719		1,780,646
Total investments (cost: $3,742,689 and $3,773,752 as of June 30, 2023 and December 31, 2022, respectively)	4,210,543		4,102,177
Cash and cash equivalents	70,886		49,121
Interest and dividend receivable and other assets	117,749		82,731
Receivable for securities sold	13,959		381
Deferred financing costs (net of accumulated amortization of $11,420 and $10,603 as of June 30, 2023 and December 31, 2022, respectively)	7,101		7,475
Total assets	$	4,420,238	$	4,241,885
LIABILITIES
Credit Facilities	$	580,000	$	607,000
July 2026 Notes (par: $500,000 as of both June 30, 2023 and December 31, 2022)	498,399		498,136
May 2024 Notes (par: $450,000 as of both June 30, 2023 and December 31, 2022)	450,454		450,727
SBIC debentures (par: $350,000 ($63,800 due within one year) and $350,000 as of June 30, 2023 and December 31, 2022, respectively)	343,943		343,914
December 2025 Notes (par: $150,000 and $100,000 as of June 30, 2023 and December 31, 2022, respectively)	148,706		99,325

Accounts payable and other liabilities	48,502		52,092

Interest payable	15,355		16,580
Dividend payable	18,729		17,676
Deferred tax liability, net	61,202		47,849
Total liabilities	2,165,290		2,133,299
Commitments and contingencies (Note K)
NET ASSETS
Common stock, $0.01 par value per share (150,000,000 shares authorized; 81,026,676 and 78,463,599 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively)	814		784
Additional paid‑in capital	2,132,041		2,030,531




Total undistributed earnings	122,093		77,271
Total net assets	2,254,948		2,108,586
Total liabilities and net assets	$	4,420,238	$	4,241,885
NET ASSET VALUE PER SHARE	$	27.69	$	26.86


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
INVESTMENT INCOME:
Interest, fee and dividend income:
Control investments	$	47,979	$	36,808	$	96,841	$	69,385
Affiliate investments	20,999		11,893		38,455		25,810
Non‑Control/Non‑Affiliate investments	58,605		36,499		112,542		69,401
Total investment income	127,583		85,200		247,838		164,596
EXPENSES:
Interest	(26,754)		(17,295)		(51,752)		(33,982)
Compensation	(12,188)		(8,807)		(23,300)		(16,076)
General and administrative	(4,514)		(4,238)		(8,591)		(7,464)
Share‑based compensation	(4,087)		(3,596)		(8,187)		(6,414)
Expenses allocated to the External Investment Manager	5,688		3,462		10,686		6,279
Total expenses	(41,855)		(30,474)		(81,144)		(57,657)
NET INVESTMENT INCOME	85,728		54,726		166,694		106,939
NET REALIZED GAIN (LOSS):
Control investments	(48,111)		—		(51,077)		—
Affiliate investments	9,997		47		(16,267)		739
Non‑Control/Non‑Affiliate investments	(37,392)		(5,111)		(36,542)		(2,467)

Total net realized loss	(75,506)		(5,064)		(103,886)		(1,728)
NET UNREALIZED APPRECIATION (DEPRECIATION):
Control investments	75,779		4,822		92,940		13,101
Affiliate investments	(11,469)		1,731		21,672		4,772
Non‑Control/Non‑Affiliate investments	40,631		(31,146)		25,447		(27,714)

Total net unrealized appreciation (depreciation)	104,941		(24,593)		140,059		(9,841)
INCOME TAXES:
Federal and state income, excise and other taxes	(1,671)		(809)		(3,407)		(2,118)
Deferred taxes	(6,976)		(9,511)		(13,353)		(13,299)
Income tax provision	(8,647)		(10,320)		(16,760)		(15,417)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	106,516	$	14,749	$	186,107	$	79,953
NET INVESTMENT INCOME PER SHARE—BASIC AND DILUTED	$	1.06	$	0.75	$	2.08	$	1.47
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC AND DILUTED	$	1.32	$	0.20	$	2.32	$	1.10
WEIGHTED AVERAGE SHARES OUTSTANDING—BASIC AND DILUTED	80,807,861		73,304,619		80,190,630		72,512,793


	Common Stock			Additional Paid-In Capital		Total Undistributed (Overdistributed) Earnings		Total Net Asset Value
	Number of Shares	Par Value
Balances at December 31, 2021	70,737,021	$	707	$	1,736,346	$	51,793	$	1,788,846
Public offering of common stock, net of offering costs	1,502,430	15		63,507		—		63,522
Share‑based compensation	—	—		2,818		—		2,818

Dividend reinvestment	114,043	1		4,812		—		4,813
Amortization of directors’ deferred compensation	—	—		147		—		147
Issuance of restricted stock, net of forfeited shares	16,913	—		—		—		—
Dividends to stockholders	—	—		109		(51,804)		(51,695)

Net increase resulting from operations	—	—		—		65,203		65,203
Balances at March 31, 2022	72,370,407	$	723	$	1,807,739	$	65,192	$	1,873,654
Public offering of common stock, net of offering costs	662,828	7		25,626		—		25,633
Share‑based compensation	—	—		3,596		—		3,596
Purchase of vested stock for employee payroll tax withholding	(115,071)	(1)		(4,894)		—		(4,895)
Dividend reinvestment	132,156	1		4,999		—		5,000
Amortization of directors’ deferred compensation	—	—		130		—		130
Issuance of restricted stock, net of forfeited shares	467,238	5		(5)		—		—
Dividends to stockholders	—	—		114		(52,818)		(52,704)

Net increase resulting from operations	—	—		—		14,749		14,749
Balances at June 30, 2022	73,517,558	$	735	$	1,837,305	$	27,123	$	1,865,163





















Balances at December 31, 2022	78,506,816	$	784	$	2,030,531	$	77,271	$	2,108,586
Public offering of common stock, net of offering costs	1,058,914	11		40,885		—		40,896
Share‑based compensation	—	—		4,100		—		4,100
Purchase of vested stock for employee payroll tax withholding	(10,489)	—		(404)		—		(404)
Dividend reinvestment	199,282	2		7,806		—		7,808
Amortization of directors’ deferred compensation	—	—		121		—		121
Issuance of restricted stock, net of forfeited shares	39,566	—		—		—		—
Dividends to stockholders	—	—		136		(67,913)		(67,777)

Net increase resulting from operations	—	—		—		79,592		79,592
Balances at March 31, 2023	79,794,089	$	797	$	2,083,175	$	88,950	$	2,172,922
Public offering of common stock, net of offering costs	1,096,514	11		43,193		—		43,204
Share‑based compensation	—	—		4,087		—		4,087
Purchase of vested stock for employee payroll tax withholding	(140,569)	(1)		(5,545)		—		(5,546)
Dividend reinvestment	174,891	2		6,878		—		6,880
Amortization of directors’ deferred compensation	—	—		109		—		109
Issuance of restricted stock, net of forfeited shares	506,081	5		(5)		—		—
Dividends to stockholders	—	—		149		(73,373)		(73,224)

Net increase resulting from operations	—	—		—		106,516		106,516
Balances at June 30, 2023	81,431,006	$	814	$	2,132,041	$	122,093	$	2,254,948


	Six Months Ended June 30,
	2023		2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net increase in net assets resulting from operations	$	186,107	$	79,953
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Investments in portfolio companies	(395,305)		(540,429)
Proceeds from sales and repayments of debt investments in portfolio companies	291,557		381,697
Proceeds from sales and return of capital of equity investments in portfolio companies	31,057		30,293
Net unrealized (appreciation) depreciation	(140,059)		9,841
Net realized loss	103,886		1,728
Accretion of unearned income	(9,900)		(7,354)
Payment-in-kind interest	(5,219)		(2,364)
Cumulative dividends	(717)		(1,062)
Share-based compensation expense	8,187		6,414
Amortization of deferred financing costs	1,582		1,372
Deferred tax provision	13,353		13,299
Changes in other assets and liabilities:
Interest and dividend receivable and other assets	(34,644)		(3,686)
Interest payable	(1,225)		42
Accounts payable and other liabilities	(3,360)		(10,216)
Deferred fees and other	2,382		1,037
Net cash provided by (used in) operating activities	47,682		(39,435)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from public offering of common stock, net of offering costs	84,100		89,155


Proceeds from public offering of December 2025 Notes	50,000		—
Dividends paid	(125,260)		(94,071)
Proceeds from issuance of SBIC debentures	16,000		—
Repayments of SBIC debentures	(16,000)		—


Proceeds from credit facilities	243,000		303,000
Repayments on credit facilities	(270,000)		(243,000)
Debt issuance costs, net	(1,807)		—
Purchases of vested stock for employee payroll tax withholding	(5,950)		(4,895)

Net cash provided by (used in) financing activities	(25,917)		50,189

Net increase in cash and cash equivalents	21,765		10,754
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	49,121		32,629
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	70,886	$	43,383

Supplemental cash flow disclosures:
Interest paid	$	51,333	$	32,505
Taxes paid	$	5,909	$	4,920


Non-cash financing activities:
Value of shares issued pursuant to the DRIP	$	14,688	$	9,813


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)	Maturity Date	Principal (4)		Cost (4)		Fair Value (18)

Control Investments (5)

Analytical Systems Keco Holdings, LLC		Manufacturer of Liquid and Gas Analyzers
			Secured Debt	(9) (25)	8/16/2019			L+	10.00%		8/16/2024	$	—	$	(2)	$	(2)
			Secured Debt	(9)	8/16/2019		15.25%	L+	10.00%		8/16/2024	4,525		4,444		4,444
			Preferred Member Units		8/16/2019	3,200	14.13%							3,200		—
			Preferred Member Units		5/20/2021	2,427								2,427		4,070
			Warrants	(27)	8/16/2019	420					8/16/2029			316		—
														10,385		8,512
ASC Interests, LLC		Recreational and Educational Shooting Facility
			Secured Debt		12/31/2019		13.00%				7/31/2024	400		400		400
			Secured Debt		8/1/2013		13.00%				7/31/2024	1,650		1,649		1,597
			Member Units		8/1/2013	1,500								1,594		510
														3,643		2,507
ATS Workholding, LLC	(10)	Manufacturer of Machine Cutting Tools and Accessories
			Secured Debt	(14)	11/16/2017		5.00%				8/16/2023	2,027		2,027		483
			Secured Debt	(14)	11/16/2017		5.00%				8/16/2023	3,015		2,855		719
			Preferred Member Units		11/16/2017	3,725,862								3,726		—
														8,608		1,202
Barfly Ventures, LLC	(10)	Casual Restaurant Group
			Secured Debt		10/15/2020		7.00%				10/31/2024	711		711		711
			Member Units		10/26/2020	37								1,584		3,040
														2,295		3,751
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt	(25)	3/7/2022						3/7/2027	—		(7)		—

			Secured Debt		3/7/2022		10.00%				3/7/2027	10,575		10,497		10,575
			Preferred Stock	(8)	3/7/2022	4,073								4,095		6,150
														14,585		16,725
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(9) (28) (44)	12/31/2020		14.37%	SF+	9.19%		10/31/2027	97,875		97,328		97,875
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%							14,000		31,120
														111,328		128,995
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		15.17%	L+	10.00%		1/9/2024	5,716		5,716		5,653
			Preferred Member Units	(8)	1/9/2018	2,950								4,280		6,360
														9,996		12,013
Bridge Capital Solutions Corporation		Financial Services and Cash Flow Solutions 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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

		Secured Debt		7/25/2016		13.00%				12/11/2024	8,813	8,813	8,813
		Secured Debt	(29)	7/25/2016		13.00%				12/11/2024	1,000	1,000	1,000
		Preferred Member Units	(8) (29)	7/25/2016	17,742							1,000	1,000
		Warrants	(27)	7/25/2016	82					7/25/2026		2,132	4,450
												12,945	15,263
Café Brazil, LLC	Casual Restaurant Group
		Member Units	(8)	6/9/2006	1,233							1,742	2,130

California Splendor Holdings LLC	Processor of Frozen Fruits
		Secured Debt	(9)	3/30/2018		15.25%	L+	10.00%		7/29/2026	28,000	27,958	28,000
		Preferred Member Units	(8)	3/30/2018	6,157							10,775	23,435
		Preferred Member Units	(8)	7/31/2019	3,671	15.00%			15.00%			4,295	4,295
												43,028	55,730
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300	50,570

Centre Technologies Holdings, LLC	Provider of IT Hardware Services and Software Solutions
		Secured Debt	(9) (25)	1/4/2019			L+	9.00%		1/4/2026	—	—	—
		Secured Debt	(9)	1/4/2019		14.25%	L+	9.00%		1/4/2026	15,030	14,966	15,030
		Preferred Member Units		1/4/2019	13,309							6,122	10,400
												21,088	25,430
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25) (28)	2/26/2018			SF+	6.00%		2/26/2026	—	(77)	—
		Secured Debt	(9) (28)	2/26/2018		13.36%	SF+	8.00%		2/26/2026	16,407	16,402	16,407
		Member Units	(8)	2/26/2018	4,347							11,440	23,940
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773	2,830
												29,538	43,177
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		10.00%				1/31/2026	5,694	4,661	5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963	13,800
												6,624	19,494
Clad-Rex Steel, LLC	Specialty Manufacturer of Vinyl-Clad Metal
		Secured Debt	(25)	10/28/2022						1/15/2024	—	—	—
		Secured Debt		12/20/2016		11.50%				1/15/2024	9,720	9,698	9,634
		Secured Debt		12/20/2016		10.00%				12/20/2036	1,031	1,022	1,022
		Member Units	(8)	12/20/2016	717							7,280	6,380
		Member Units	(29)	12/20/2016	800							509	1,129


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

													18,509	18,165
Cody Pools, Inc.		Designer of Residential and Commercial Pools
			Secured Debt	(25)	3/6/2020						12/17/2026	—	(12)	—
			Secured Debt		3/6/2020		12.50%				12/17/2026	46,312	46,273	46,312
			Preferred Member Units	(8) (29)	3/6/2020	587							8,317	65,120
													54,578	111,432
Colonial Electric Company LLC		Provider of Electrical Contracting Services
			Secured Debt	(25)	3/31/2021						3/31/2026	—	—	—
			Secured Debt		3/31/2021		12.00%				3/31/2026	22,680	22,549	22,049
			Preferred Member Units		6/27/2023	960							960	2,400
			Preferred Member Units		3/31/2021	17,280							7,680	7,680
													31,189	32,129
CompareNetworks Topco, LLC		Internet Publishing and Web Search Portals

			Secured Debt	(9)	1/29/2019		14.25%	L+	9.00%		1/29/2024	4,869	4,864	4,869
			Preferred Member Units	(8)	1/29/2019	1,975							1,975	16,380
													6,839	21,249
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(30)	7/17/2017	38.75%							588	588

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	29,000	28,720	28,720
			Preferred Member Units		5/5/2023	556							15,000	15,000
													43,720	43,720
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		7.50%				12/31/2025	720	716	716
			Secured Debt		3/31/2021		10.00%				12/31/2025	8,487	8,132	7,732
			Preferred Member Units	(8)	3/31/2021	9,000							2,610	2,350
													11,458	10,798
Digital Products Holdings LLC		Designer and Distributor of Consumer Electronics
			Secured Debt	(9) (28)	4/1/2018		15.25%	SF+	10.00%		4/27/2026	14,873	14,733	14,733
			Preferred Member Units	(8)	4/1/2018	3,857							9,501	9,835
													24,234	24,568
Direct Marketing Solutions, Inc.		Provider of Omni-Channel Direct Marketing Services
			Secured Debt	(25)	2/13/2018						2/13/2026	—	(74)	—


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Secured Debt		12/27/2022		13.00%				2/13/2026	26,465	26,355	26,465
			Preferred Stock	(8)	2/13/2018	8,400							8,400	23,350
													34,681	49,815
Elgin AcquireCo, LLC		Manufacturer and Distributor of Engine and Chassis Components
			Secured Debt	(9) (25) (28)	10/3/2022			SF+	6.00%		10/3/2027	—	(8)	(8)
			Secured Debt		10/3/2022		12.00%				10/3/2027	18,773	18,613	18,613
			Secured Debt		10/3/2022		9.00%				10/3/2052	6,335	6,274	6,274
			Common Stock		10/3/2022	285							5,726	6,090
			Common Stock	(29)	10/3/2022	939							1,558	1,670
													32,163	32,639
Gamber-Johnson Holdings, LLC		Manufacturer of Ruggedized Computer Mounting Systems
			Secured Debt	(9) (25) (28) (41)	6/24/2016			SF+	8.50%		1/1/2028	—	—	—
			Secured Debt	(9) (28) (41)	12/15/2022		11.00%	SF+	8.00%		1/1/2028	59,678	59,349	59,678
			Member Units	(8)	6/24/2016	9,042							17,692	70,160
													77,041	129,838
Garreco, LLC		Manufacturer and Supplier of Dental Products
			Secured Debt	(9) (42)	7/15/2013		12.00%	L+	10.00%		1/31/2024	3,272	3,272	3,272
			Member Units		7/15/2013	1,200							1,200	1,580
													4,472	4,852
GRT Rubber Technologies LLC		Manufacturer of Engineered Rubber Products
			Secured Debt		12/21/2018		11.17%	L+	6.00%		12/21/2023	1,300	1,300	1,300
			Secured Debt		12/19/2014		13.17%	L+	8.00%		10/29/2026	40,493	40,336	40,493
			Member Units		12/19/2014	5,879							13,065	44,440
													54,701	86,233
Gulf Manufacturing, LLC		Manufacturer of Specialty Fabricated Industrial Piping Products
			Member Units	(8)	8/31/2007	438							2,980	8,000

Gulf Publishing Holdings, LLC		Energy Industry Focused Media and Publishing
			Secured Debt	(9) (25)	9/29/2017			L+	9.50%		7/1/2027	—	—	—
			Secured Debt		7/1/2022		12.50%				7/1/2027	2,400	2,400	2,284
			Preferred Equity		7/1/2022	63,720							5,600	3,780
			Member Units		4/29/2016	3,681							3,681	—
													11,681	6,064
Harris Preston Fund Investments	(12) (13)	Investment Partnership


Portfolio Company (1) (20)		Business Description	Type of Investment (2) (3) (15)		Investment Date (24)	Shares/Units	Total Rate	Reference Rate and Spread (28)		PIK Rate (19)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			LP Interests (2717 MH, L.P.)	(8) (30)	10/1/2017	49.26%							3,364	6,346
			LP Interests (2717 HPP-MS, L.P.)	(30)	3/11/2022	49.26%							248	315
													3,612	6,661
Harrison Hydra-Gen, Ltd.		Manufacturer of Hydraulic Generators
			Common Stock		6/4/2010	107,456							718	3,490

IG Investor, LLC		Military and Other Tactical Gear
			Secured Debt	(25)	6/21/2023						6/21/2028	—	(39)	(39)
			Secured Debt		6/21/2023		13.00%				6/21/2028	37,704	37,333	37,333
			Common Equity		6/21/2023	15,096							15,096	15,096
													52,390	52,390
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407							18,300	18,300

Jensen Jewelers of Idaho, LLC		Retail Jewelry Store
			Secured Debt	(25)	8/29/2017			P+	6.75%		11/14/2023	—	—	—
			Secured Debt	(9)	11/14/2006		15.00%	P+	6.75%		11/14/2023	2,450	2,448	2,450
			Member Units	(8)	11/14/2006	627							811	13,510
													3,259	15,960
Johnson Downie Opco, LLC		Executive Search Services
			Secured Debt	(9) (25)	12/10/2021			L+	11.50%		12/10/2026	—	(12)	—
			Secured Debt	(9)	12/10/2021		16.75%	L+	11.50%		12/10/2026	9,838	9,771	9,838
			Preferred Equity	(8)	12/10/2021	3,150							3,150	6,550
													12,909	16,388
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	25,650	25,458	25,458
			Preferred Equity	(8)	3/28/2022	107,406							10,741	10,741
													36,199	36,199
KBK Industries, LLC		Manufacturer of Specialty Oilfield and Industrial Products
			Secured Debt		2/24/2023		9.00%				2/24/2028	5,300	5,251	5,300
			Member Units	(8)	1/23/2006	325							783	12,360
													6,034	17,660
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		12.00%				10/31/2026	20,599	20,569	20,569
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,860	3,824	3,824
			Preferred Equity		10/31/2018	581							12,240	7,730


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Member Units	(8) (29)	10/31/2018	800						992	2,780
												37,625	34,903
MetalForming AcquireCo, LLC		Distributor of Sheet Metal Folding and Metal Forming Equipment
			Secured Debt	(25)	10/19/2022					10/19/2024	—	—	—
			Secured Debt		10/19/2022		12.75%			10/19/2027	23,802	23,599	23,599
			Preferred Equity	(8)	10/19/2022	5,915,585	8.00%		8.00%			6,127	6,245
			Common Stock	(8)	10/19/2022	1,537,219						1,537	1,400
												31,263	31,244
MH Corbin Holding LLC		Manufacturer and Distributor of Traffic Safety Products
			Secured Debt	(17)	8/31/2015		13.00%			12/31/2022	5,960	5,960	5,503
			Preferred Member Units		3/15/2019	66,000						4,400	—
			Preferred Member Units		9/1/2015	4,000						6,000	—
												16,360	5,503
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt	(25)	1/26/2021					12/31/2024	—	—	—
			LP Interests	(8) (30)	1/26/2021	14.51%						14,250	14,635
												14,250	14,635
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%						29,500	133,970

MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Common Equity	(8)	5/2/2022	350,451						2,750	2,688

Mystic Logistics Holdings, LLC		Logistics and Distribution Services Provider for Large Volume Mailers
			Secured Debt	(25)	8/18/2014					1/31/2024	—	—	—
			Secured Debt		8/18/2014		10.00%			1/31/2024	5,746	5,746	5,746
			Common Stock	(8)	8/18/2014	5,873						2,720	27,150
												8,466	32,896
NAPCO Precast, LLC		Precast Concrete Manufacturing
			Member Units		1/31/2008	2,955						2,975	12,710

Nebraska Vet AcquireCo, LLC		Mixed-Animal Veterinary and Animal Health Product Provider

			Secured Debt		12/31/2020		12.00%			12/31/2025	21,294	21,166	21,294
			Secured Debt		12/31/2020		12.00%			12/31/2025	10,500	10,445	10,500
			Preferred Member Units	(8)	12/31/2020	6,987						6,987	12,790
												38,598	44,584
NexRev LLC		Provider of Energy Efficiency Products & 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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

		Secured Debt	(25)	2/28/2018						2/28/2025	—	—	—
		Secured Debt		2/28/2018		10.00%				2/28/2025	9,811	9,725	8,368
		Preferred Member Units	(8)	2/28/2018	103,144,186							8,213	3,450
												17,938	11,818
NRP Jones, LLC	Manufacturer of Hoses, Fittings and Assemblies
		Secured Debt		12/21/2017		12.00%				3/20/2025	2,080	2,080	2,080
		Member Units	(8)	12/22/2011	65,962							114	145
		Member Units	(8)	12/22/2011	65,962							3,603	3,865
												5,797	6,090
NuStep, LLC	Designer, Manufacturer and Distributor of Fitness Equipment
		Secured Debt	(9)	1/31/2017		11.75%	L+	6.50%		1/31/2025	4,400	4,399	4,399
		Secured Debt		1/31/2017		12.00%				1/31/2025	18,440	18,420	18,420
		Preferred Member Units		1/31/2017	406							10,200	8,380
		Preferred Member Units		11/2/2022	2,062							2,062	5,150
												35,081	36,349
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%				8/31/2026	14,250	14,159	14,250
		Preferred Member Units	(8)	4/1/2008	900							1,080	29,310
												15,239	43,560
Orttech Holdings, LLC	Distributor of Industrial Clutches, Brakes and Other Components
		Secured Debt	(9) (25)	7/30/2021			L+	11.00%		7/31/2026	—	—	—
		Secured Debt	(9)	7/30/2021		16.25%	L+	11.00%		7/31/2026	22,800	22,658	22,800
		Preferred Stock	(8) (29)	7/30/2021	10,000							10,000	16,560
												32,658	39,360
Pearl Meyer Topco LLC	Provider of Executive Compensation Consulting Services
		Secured Debt		4/27/2020		12.00%				4/27/2025	3,500	3,496	3,500
		Secured Debt		4/27/2020		12.00%				4/27/2025	13,500	13,460	13,500
		Secured Debt		4/27/2020		12.00%				4/27/2025	27,681	27,571	27,681
		Preferred Equity	(8)	4/27/2020	13,800							13,000	44,090
												57,527	88,771
PPL RVs, Inc.	Recreational Vehicle Dealer
		Secured Debt	(9) (25)	10/31/2019			L+	8.75%		11/15/2027	—	(8)	—
		Secured Debt	(9)	11/15/2016		13.63%	L+	8.75%		11/15/2027	20,290	20,083	20,290
		Common Stock	(8)	6/10/2010	2,000							2,150	18,070
		Common Stock	(29)	6/14/2022	238,421							238	250
												22,463	38,610
Principle Environmental, LLC	Noise Abatement Service Provider

		Secured Debt		7/1/2011		13.00%				11/15/2026	5,897	5,817	5,817
		Preferred Member Units	(8)	2/1/2011	21,806							5,709	10,480


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Common Stock		1/27/2021	1,037						1,200	500
												12,726	16,797
Quality Lease Service, LLC		Provider of Rigsite Accommodation Unit Rentals and Related Services
			Member Units		6/8/2015	1,000						7,546	460

River Aggregates, LLC		Processor of Construction Aggregates
			Member Units	(29)	12/20/2013	1,500						369	3,620

Robbins Bros. Jewelry, Inc.		Bridal Jewelry Retailer
			Secured Debt	(25)	12/15/2021					12/15/2026	—	(31)	(31)
			Secured Debt		12/15/2021		12.50%			12/15/2026	35,010	34,769	34,325
			Preferred Equity		12/15/2021	11,070						11,070	6,140
												45,808	40,434
Tedder Industries, LLC		Manufacturer of Firearm Holsters and Accessories
			Secured Debt		8/31/2018		12.00%			8/31/2023	1,840	1,840	1,840
			Secured Debt		8/31/2018		12.00%			8/31/2023	15,200	15,198	15,127
			Preferred Member Units		8/31/2018	544						9,245	6,290
			Preferred Member Units		2/1/2023	3,551						355	533
												26,638	23,790
Televerde, LLC		Provider of Telemarketing and Data Services
			Member Units	(8)	1/6/2011	460						1,290	6,082
			Preferred Stock		1/26/2022	248						718	1,794
												2,008	7,876
Trantech Radiator Topco, LLC		Transformer Cooling Products and Services
			Secured Debt	(25)	5/31/2019					5/31/2024	—	(3)	—
			Secured Debt		5/31/2019		12.00%			5/31/2024	7,920	7,903	7,920
			Common Stock	(8)	5/31/2019	615						4,655	11,770
												12,555	19,690
UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/6/2023							150	150

Vision Interests, Inc.		Manufacturer / Installer of Commercial Signage
			Series A Preferred Stock	(8)	12/23/2011	3,000,000						3,000	3,000

Volusion, LLC		Provider of Online Software-as-a-Service eCommerce Solutions
			Secured Debt		3/31/2023		10.00%			3/31/2025	2,100	2,100	2,100


Portfolio Company (1) (20)		Business Description	Type of Investment (2) (3) (15)		Investment Date (24)	Shares/Units	Total Rate	Reference Rate and Spread (28)		PIK Rate (19)	Maturity Date	Principal (4)		Cost (4)		Fair Value (18)

			Preferred Member Units		1/26/2015	4,876,670								14,000		—
			Preferred Member Units		3/31/2023	5,097,595								11,446		10,740
			Preferred Member Units		3/31/2023	142,512								—		—
			Common Stock		3/31/2023	1,802,780								2,576		—
														30,122		12,840
VVS Holdco LLC		Omnichannel Retailer of Animal Health Products
			Secured Debt	(9) (25) (29)	12/1/2021			L+	6.00%		12/1/2023	—		(10)		(10)
			Secured Debt	(29)	12/1/2021		11.50%				12/1/2026	29,158		28,958		28,958
			Preferred Equity	(8) (29)	12/1/2021	11,840								11,840		11,840
														40,788		40,788
Ziegler’s NYPD, LLC		Casual Restaurant Group
			Secured Debt		6/1/2015		12.00%				10/1/2024	450		450		450
			Secured Debt		10/1/2008		6.50%				10/1/2024	1,000		1,000		945
			Secured Debt		10/1/2008		14.00%				10/1/2024	2,750		2,750		2,461
			Preferred Member Units		6/30/2015	10,072								2,834		70
			Warrants	(27)	7/1/2015	587					10/1/2025			600		—
														7,634		3,926
Subtotal Control Investments (83.5% of net assets at fair value)														$	1,377,194	$	1,883,699
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		1/31/2023		18.00%			18.00%	6/25/2025	$	381	$	376	$	360
			Secured Debt		12/11/2020		18.00%			18.00%	6/25/2025	12,848		12,739		12,141
			Common Stock		12/11/2020	593,928								3,148		—
			Warrants	(27)	12/11/2020	554,353					12/11/2025			—		—
														16,263		12,501
BBB Tank Services, LLC		Maintenance, Repair and Construction Services to the Above-Ground Storage Tank Market
			Unsecured Debt	(9) (17)	4/8/2016		16.17%	L+	11.00%		4/8/2021	800		800		800
			Unsecured Debt	(9) (17)	4/8/2016		16.17%	L+	11.00%		4/8/2021	4,000		4,000		2,202
			Member Units		4/8/2016	800,000								800		—
			Preferred Stock (non-voting)		12/17/2018		15.00%							162		—
														5,762		3,002
Boccella Precast Products LLC		Manufacturer of Precast Hollow Core Concrete
			Secured Debt		9/23/2021		10.00%				2/28/2027	320		320		320
			Member Units		6/30/2017	2,160,000								2,256		2,350
														2,576		2,670
Buca C, LLC		Casual Restaurant Group


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Secured Debt		6/30/2015		12.00%				6/30/2023	16,980	16,980	11,964
			Preferred Member Units		6/30/2015	6	6.00%			6.00%			4,770	—
													21,750	11,964
Career Team Holdings, LLC		Provider of Workforce Training and Career Development Services
			Secured Debt	(9)	12/17/2021		11.25%	L+	6.00%		12/17/2026	450	442	442
			Secured Debt		12/17/2021		12.50%				12/17/2026	20,250	20,110	20,110
			Common Stock		12/17/2021	450,000							4,500	4,500
													25,052	25,052
Classic H&G Holdings, LLC		Provider of Engineered Packaging Solutions
			Secured Debt	(9)	3/12/2020		11.25%	L+	6.00%		3/12/2025	4,560	4,560	4,560
			Secured Debt		3/12/2020		8.00%				3/12/2025	19,274	19,203	19,274
			Preferred Member Units	(8)	3/12/2020	154							5,760	18,230
													29,523	42,064
Congruent Credit Opportunities Funds	(12) (13)	Investment Partnership
			LP Interests (Congruent Credit Opportunities Fund III, LP)	(8) (30)	2/4/2015	13.32%							6,224	5,562

DMA Industries, LLC		Distributor of aftermarket ride control products
			Secured Debt		11/19/2021		12.00%				11/19/2026	20,000	19,856	20,000
			Preferred Equity		11/19/2021	5,944							5,944	7,260
													25,800	27,260
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%							6,313	9,138
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%							2,005	2,852
													8,318	11,990
Dos Rios Stone Products LLC	(10)	Limestone and Sandstone Dimension Cut Stone Mining Quarries
			Class A Preferred Units	(29)	6/27/2016	2,000,000							2,000	1,580

EIG Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EIG Global Private Debt Fund-A, L.P.)	(8) (30)	11/6/2015	5,000,000							1,021	974

Flame King Holdings, LLC		Propane Tank and Accessories Distributor
			Preferred Equity	(8)	10/29/2021	9,360							10,400	24,350

Freeport Financial Funds	(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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%							3,507	3,628
			LP Interests (Freeport First Lien Loan Fund III LP)	(8) (30)	7/31/2015	5.95%							5,767	5,312
													9,274	8,940
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		9.00%				3/31/2026	11,345	11,281	11,345
			Preferred Member Units	(8)	3/31/2021	226							4,900	8,310
													16,181	19,655
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(8) (30)	8/9/2017	8.22%							2,050	4,106
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	8.71%							2,796	2,796
			LP Interests (423 COR, L.P.)	(8) (30)	6/2/2022	22.93%							1,400	1,400
			LP Interests (423 HAR, L.P.)	(30)	6/2/2023	15.60%							750	750
													6,996	9,052
Hawk Ridge Systems, LLC		Value-Added Reseller of Engineering Design and Manufacturing Solutions
			Secured Debt	(9) (28)	12/2/2016		11.53%	SF+	6.00%		1/15/2026	3,666	3,664	3,666
			Secured Debt		12/2/2016		12.50%				1/15/2026	41,942	41,823	41,942
			Preferred Member Units	(8)	12/2/2016	226							2,850	17,460
			Preferred Member Units	(29)	12/2/2016	226							150	920
													48,487	63,988
Houston Plating and Coatings, LLC		Provider of Plating and Industrial Coating Services
			Unsecured Convertible Debt		5/1/2017		8.00%				10/2/2024	3,000	3,000	2,830
			Member Units		1/8/2003	322,297							2,352	3,560
													5,352	6,390
I-45 SLF LLC	(12) (13)	Investment Partnership
			Member Units (Fully diluted 20.0%; 21.75% profits interest)	(8)	10/20/2015	20.00%							20,200	11,751

Infinity X1 Holdings, LLC		Manufacturer and Supplier of Personal Lighting Products
			Secured Debt		3/31/2023		13.00%				3/31/2028	18,000	17,832	17,832
			Preferred Equity		3/31/2023	80,000							4,000	4,000
													21,832	21,832
Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		13.04%	L+	7.50%		8/20/2026	15,769	15,560	15,575


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

		Common Stock		8/20/2021	9,968							1,356	820
												16,916	16,395
Iron-Main Investments, LLC	Consumer Reporting Agency Providing Employment Background Checks and Drug Testing
		Secured Debt		8/2/2021		13.50%				1/31/2028	4,514	4,484	4,484
		Secured Debt		9/1/2021		13.50%				1/31/2028	3,140	3,119	3,119
		Secured Debt		11/15/2021		13.50%				1/31/2028	8,944	8,944	8,944
		Secured Debt		11/15/2021		13.50%				1/31/2028	19,624	19,488	19,488
		Secured Debt		1/31/2023		13.50%				1/31/2028	11,162	10,819	10,819
		Common Stock		8/3/2021	203,016							2,756	2,756
												49,610	49,610
ITA Holdings Group, LLC	Air Ambulance Services
		Secured Debt	(25) (28)	6/21/2023			SF+	9.00%	2.00%	6/21/2027	—	(12)	(12)
		Secured Debt	(25) (28)	6/21/2023			SF+	9.00%	2.00%	6/21/2027	—	(10)	(10)
		Secured Debt	(28)	6/21/2023		15.38%	SF+	8.00%	2.00%	6/21/2027	4,318	3,252	3,252
		Secured Debt	(28)	6/21/2023		17.38%	SF+	10.00%	2.00%	6/21/2027	4,318	3,252	3,252
		Warrants	(27)	6/21/2023	193,307					6/21/2033		2,091	2,091
												8,573	8,573
OnAsset Intelligence, Inc.	Provider of Transportation Monitoring / Tracking Products and Services
		Secured Debt	(14)	5/20/2014		12.00%			12.00%	12/31/2023	964	964	441
		Secured Debt	(14)	3/21/2014		12.00%			12.00%	12/31/2023	983	983	450
		Secured Debt	(14)	5/10/2013		12.00%			12.00%	12/31/2023	2,116	2,116	969
		Secured Debt	(14)	4/18/2011		12.00%			12.00%	12/31/2023	4,415	4,415	2,022
		Unsecured Debt	(14)	6/5/2017		10.00%			10.00%	12/31/2023	305	305	305
		Preferred Stock		4/18/2011	912	7.00%			7.00%			1,981	—
		Common Stock		4/15/2021	635							830	—
		Warrants	(27)	4/18/2011	4,699					5/10/2025		1,089	—
												12,683	4,187
Oneliance, LLC	Construction Cleaning Company
		Secured Debt	(9) (25)	8/6/2021			L+	11.00%		8/6/2023	—	—	—
		Secured Debt	(9)	8/6/2021		16.25%	L+	11.00%		8/6/2026	5,520	5,485	5,424
		Preferred Stock		8/6/2021	1,128							1,128	1,128
												6,613	6,552
Rocaceia, LLC (Quality Lease and Rental Holdings, LLC)	Provider of Rigsite Accommodation Unit Rentals and Related Services
		Preferred Member Units		1/8/2013	250							2,500	—

SI East, LLC	Rigid Industrial Packaging Manufacturing
		Secured Debt	(25)	8/31/2018						6/16/2028	—	—	—
		Secured Debt	(23)	6/16/2023		12.78%				6/16/2028	54,536	54,268	54,536
		Preferred Member Units	(8)	8/31/2018	165							1,525	15,780


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

												55,793	70,316
Slick Innovations, LLC		Text Message Marketing Platform
			Secured Debt		9/13/2018		14.00%			12/22/2027	13,040	12,920	13,040
			Common Stock	(8)	9/13/2018	70,000						456	1,850
												13,376	14,890
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt		12/31/2022		8.50%		8.50%	12/31/2027	5,214	4,770	4,770
			Preferred Equity		12/31/2022	5,907,649						—	—
												4,770	4,770
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Secured Debt		8/31/2020		12.00%			8/31/2025	20,500	20,405	20,405
			Preferred Member Units		8/31/2020	1,636						4,500	5,640
												24,905	26,045
The Affiliati Network, LLC		Performance Marketing Solutions
			Secured Debt	(25)	8/9/2021					8/9/2026	—	(12)	(12)
			Secured Debt		8/9/2021		13.00%			8/9/2026	8,921	8,857	8,728
			Preferred Stock	(8)	8/9/2021	1,280,000						6,400	6,400
												15,245	15,116
UnionRock Energy Fund II, LP	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	6/15/2020	11.11%						4,067	5,224

UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Secured Convertible Debt		1/1/2021		15.00%		15.00%	2/20/2025	2,590	2,590	6,159
			Preferred Stock	(8)	8/29/2019	1,133,102	20.00%		20.00%			2,362	2,833
			Preferred Stock		8/21/2018	1,521,122	20.00%		20.00%			2,188	3,659
			Preferred Stock		6/30/2017	2,281,682	19.00%		19.00%			3,667	—
			Preferred Stock		1/15/2015	4,336,866	13.50%		13.50%			7,924	—
			Common Stock		4/1/2020	945,507						—	—
												18,731	12,651
Universal Wellhead Services Holdings, LLC	(10)	Provider of Wellhead Equipment, Designs, and Personnel to the Oil & Gas Industry
			Preferred Member Units	(29)	12/7/2016	716,949	14.00%		14.00%			1,034	220
			Member Units	(29)	12/7/2016	4,000,000						4,000	—
												5,034	220
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		13.00%			12/12/2027	14,280	14,154	14,154
			Preferred Equity	(8)	12/12/2022	3,845						3,845	3,845
												17,999	17,999


Portfolio Company (1) (20)		Business Description	Type of Investment (2) (3) (15)		Investment Date (24)	Shares/Units	Total Rate	Reference Rate and Spread (28)		PIK Rate (19)	Maturity Date	Principal (4)		Cost (4)		Fair Value (18)

Subtotal Affiliate Investments (25.0% of net assets at fair value)														$	539,826	$	563,125
Non-Control Investments (7)
AB Centers Acquisition Corporation	(10)	Applied Behavior Analysis Therapy Provider
			Secured Debt	(9) (25)	9/6/2022			P+	5.00%		9/6/2028	$	—	$	(68)	$	(68)
			Secured Debt	(9) (25) (28)	9/6/2022			SF+	6.00%		9/6/2028	—		(83)		—
			Secured Debt	(9) (28)	9/6/2022		11.20%	SF+	6.00%		9/6/2028	21,296		20,736		21,296
														20,585		21,228
Acousti Engineering Company of Florida	(10)	Interior Subcontractor Providing Acoustical Walls and Ceilings
			Secured Debt	(9)	11/2/2020		15.75%	P+	7.50%		11/2/2025	1,678		1,673		1,678
			Secured Debt	(9)	11/2/2020		15.75%	P+	7.50%		11/2/2025	9,620		9,567		9,620
			Secured Debt	(9)	5/26/2021		19.75%	P+	11.50%		11/2/2025	785		780		785
														12,020		12,083
Acumera, Inc.	(10)	Managed Security Service Provider
			Secured Debt	(9) (25) (28)	6/7/2023			SF+	7.50%		6/7/2028	—		(30)		(30)
			Secured Debt	(9) (28)	6/7/2023		12.85%	SF+	7.50%		6/7/2028	43,656		43,162		43,162
			Warrants	(43)	6/7/2023	47,352					2/15/2028			—		—
														43,132		43,132
Adams Publishing Group, LLC	(10)	Local Newspaper Operator
			Secured Debt	(9) (28) (41)	3/11/2022		10.00%	SF+	7.00%		3/11/2027	7,094		7,094		6,976
			Secured Debt	(9) (28) (41)	3/11/2022		10.00%	SF+	7.00%		3/11/2027	22,383		22,337		22,383
														29,431		29,359
ADS Tactical, Inc.	(11)	Value-Added Logistics and Supply Chain Provider to the Defense Industry
			Secured Debt	(9) (28)	3/29/2021		10.94%	SF+	5.75%		3/19/2026	20,424		20,181		19,492

AMEREQUIP LLC.	(10)	Full Service Provider of Comprehensive Commercial Production Services, Including the Design, Engineering, and Manufacturing of Products It
			Secured Debt	(9) (25) (28)	8/31/2022			SF+	7.40%		8/31/2027	—		(122)		(122)
			Secured Debt	(9) (28)	8/31/2022		12.70%	SF+	7.40%		8/31/2027	37,264		36,665		37,264
			Common Stock	(8)	8/31/2022	235								1,844		1,930
														38,387		39,072
American Health Staffing Group, Inc.	(10)	Healthcare Temporary Staffing


Portfolio Company (1) (20)		Business Description	Type of Investment (2) (3) (15)		Investment Date (24)	Shares/Units	Total Rate	Reference Rate and Spread (28)		PIK Rate (19)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Secured Debt	(9) (25)	11/19/2021			L+	6.00%		11/19/2026	—	(9)	(9)
			Secured Debt	(9)	11/19/2021		11.43%	L+	6.00%		11/19/2026	6,583	6,538	6,583
													6,529	6,574
American Nuts, LLC	(10)	Roaster, Mixer and Packager of Bulk Nuts and Seeds
			Secured Debt	(9) (28)	3/11/2022		11.79%	SF+	6.75%		4/10/2026	14,800	14,625	12,216
			Secured Debt	(9) (14) (28)	3/11/2022		14.79%	SF+	8.75%	1.00%	4/10/2026	14,800	14,625	10,618
													29,250	22,834
American Teleconferencing Services, Ltd.	(11)	Provider of Audio Conferencing and Video Collaboration Solutions
			Secured Debt	(14) (17)	9/17/2021		7.50%	L+	6.50%		4/7/2023	2,980	2,980	135
			Secured Debt	(9) (14) (17)	5/19/2016		7.50%	L+	6.50%		6/8/2023	14,370	13,706	647
													16,686	782
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt	(9) (28)	11/9/2021		15.25%	SF+	7.00%	3.00%	11/9/2026	4,928	4,833	3,799
			Secured Debt	(9) (28)	11/9/2021		15.23%	SF+	7.00%	14.40%	11/9/2026	29,789	29,362	22,962
			Common Equity		11/9/2021	234							234	—
													34,429	26,761
Archer Systems, LLC	(10)	Mass Tort Settlement Administration Solutions Provider
			Secured Debt	(9) (25) (28)	8/11/2022			SF+	6.00%		8/11/2027	—	(121)	(121)
			Secured Debt	(9) (28)	8/11/2022		11.39%	SF+	6.00%		8/11/2027	53,233	52,304	52,846
			Common Stock		8/11/2022	1,387,832							1,388	1,940
													53,571	54,665
ATS Operating, LLC	(10)	For-Profit Thrift Retailer
			Secured Debt	(9) (28)	1/18/2022		11.75%	SF+	6.50%		1/18/2027	720	720	720
			Secured Debt	(9) (28)	1/18/2022		10.65%	SF+	5.50%		1/18/2027	6,660	6,660	6,660
			Secured Debt	(9) (28)	1/18/2022		12.65%	SF+	7.50%		1/18/2027	6,660	6,660	6,660
			Common Stock		1/18/2022	720,000							720	660
													14,760	14,700
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO Provider
			Secured Debt	(9) (28)	12/23/2022		12.63%	SF+	7.25%		12/23/2027	1,474	1,339	1,425
			Secured Debt	(9) (28)	12/23/2022		12.65%	SF+	7.25%		12/23/2027	19,346	18,855	18,714
			Common Equity		12/15/2021	984							965	1,011
													21,159	21,150
Berry Aviation, Inc.	(10)	Charter Airline Services
			Preferred Member Units	(8) (29)	7/6/2018	1,548,387							—	3,940
			Preferred Member Units	(8) (29)	11/12/2019	122,416							—	310
													—	4,250


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

Bettercloud, Inc.	(10)	SaaS Provider of Workflow Management and Business Application Solutions
			Secured Debt	(9) (25) (28)	6/30/2022			SF+	7.00%		6/30/2028	—	(69)	(69)
			Secured Debt	(9) (28)	6/30/2022		12.26%	SF+	7.00%	6.00%	6/30/2028	28,345	27,904	28,345
													27,835	28,276
Binswanger Enterprises, LLC	(10)	Glass Repair and Installation Service Provider
			Member Units		3/10/2017	1,050,000							1,050	180

Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt	(9)	10/19/2022		15.75%	P+	7.50%	14.75%	8/28/2025	1,418	1,418	1,333
			Secured Debt	(9) (28)	8/28/2020		13.77%	SF+	8.50%	12.77%	8/28/2025	3,415	2,635	3,210
			Common Stock		10/1/2020	723,184							1	2,265
			Warrants	(27)	10/19/2022	163,295					10/19/2032		1,036	510
													5,090	7,318
Bond Brand Loyalty ULC	(10) (13) (21)	Provider of Loyalty Marketing Services
			Secured Debt	(9) (25) (28)	5/1/2023			SF+	7.00%		5/1/2028	—	(28)	(28)
			Secured Debt	(9) (28)	5/1/2023		11.19%	SF+	6.00%		5/1/2028	6,421	6,297	6,297
			Secured Debt	(9) (28)	5/1/2023		13.19%	SF+	8.00%		5/1/2028	6,421	6,297	6,297
			Common Equity		5/1/2023	571							571	571
													13,137	13,137
Brainworks Software, LLC	(10)	Advertising Sales and Newspaper Circulation Software
			Secured Debt	(9) (14) (17)	8/12/2014		12.50%	P+	9.25%		7/22/2019	761	761	761
			Secured Debt	(9) (14) (17)	8/12/2014		12.50%	P+	9.25%		7/22/2019	7,056	7,056	1,382
													7,817	2,143
Brightwood Capital Fund Investments	(12) (13)	Investment Partnership
			LP Interests (Brightwood Capital Fund III, LP)	(30)	7/21/2014	1.55%							7,062	4,586
			LP Interests (Brightwood Capital Fund IV, LP)	(8) (30)	10/26/2016	0.59%							4,350	4,589
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	1.31%							2,000	2,331
													13,412	11,506
Burning Glass Intermediate Holding Company, Inc.	(10)	Provider of Skills-Based Labor Market Analytics
			Secured Debt	(9) (28)	6/14/2021		10.20%	SF+	5.00%		6/10/2026	774	751	774
			Secured Debt	(9) (28)	6/14/2021		10.20%	SF+	5.00%		6/10/2028	19,782	19,530	19,782


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

													20,281	20,556
Cadence Aerospace LLC	(10)	Aerostructure Manufacturing
			Secured Debt	(9) (28)	11/14/2017		13.91%	SF+	6.50%	2.00%	11/14/2024	5,044	5,038	5,044
			Secured Debt	(9) (28)	11/14/2017		13.91%	SF+	6.50%	2.00%	11/14/2024	1,569	1,568	1,569
			Secured Debt	(9) (28)	11/14/2017		13.91%	SF+	6.50%	2.00%	11/14/2024	2,064	2,062	2,064
			Secured Debt	(9) (28)	11/14/2017		13.91%	SF+	6.50%	2.00%	11/14/2024	594	593	594
													9,261	9,271
CAI Software LLC		Provider of Specialized Enterprise Resource Planning Software
			Preferred Equity		12/13/2021	1,788,527							1,789	1,789
			Preferred Equity		12/13/2021	596,176							—	—
													1,789	1,789
Camin Cargo Control, Inc.	(11)	Provider of Mission Critical Inspection, Testing and Fuel Treatment Services
			Secured Debt	(9) (28)	6/14/2021		11.72%	SF+	6.50%		6/4/2026	15,138	15,047	14,608

CaseWorthy, Inc.	(10)	SaaS Provider of Case Management Solutions
			Secured Debt	(9) (25) (28)	5/18/2022			SF+	6.00%		5/18/2027	—	(9)	(9)
			Secured Debt	(9) (28)	5/18/2022		11.54%	SF+	6.00%		5/18/2027	7,973	7,903	7,973
			Secured Debt	(9) (28)	5/18/2022		11.54%	SF+	6.00%		5/18/2027	6,133	6,086	6,133
			Common Equity		12/30/2022	245,926							246	246
													14,226	14,343
Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9) (28) (33)	2/7/2022		11.51%	SF+	6.25%		2/7/2027	3,940	3,851	3,877
			Secured Debt	(9) (28) (33)	2/7/2022		11.39%	SF+	6.25%		2/7/2027	38,735	38,166	38,121
			Secured Debt	(9) (28)	3/27/2023		11.39%	SF+	6.25%		2/7/2027	4,914	4,796	4,836
													46,813	46,834
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17)	9/23/2014		15.00%			15.00%	1/5/2015	2,696	2,696	22

Computer Data Source, LLC	(10)	Third Party Maintenance Provider to the Data Center Ecosystem
			Secured Debt	(9) (34)	8/6/2021		12.71%	L+	7.50%		8/6/2026	5,000	4,938	4,682
			Secured Debt	(9)	8/6/2021		12.82%	L+	7.50%		8/6/2026	18,450	18,217	17,277
													23,155	21,959
Construction Supply Investments, LLC	(10)	Distribution Platform of Specialty Construction Materials to Professional Concrete and Masonry Contractors


Portfolio Company (1) (20)		Business Description	Type of Investment (2) (3) (15)		Investment Date (24)	Shares/Units	Total Rate	Reference Rate and Spread (28)		PIK Rate (19)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Member Units		12/29/2016	861,618							3,335	24,435

Dalton US Inc.	(10)	Provider of Supplemental Labor Services
			Secured Debt	(9) (28) (35)	8/16/2022		13.69%	SF+	8.50%		8/16/2027	3,614	3,417	3,614
			Secured Debt	(9) (25) (28)	8/16/2022			SF+	8.50%		8/16/2027	—	(66)	(66)
			Secured Debt	(9) (28)	8/16/2022		13.69%	SF+	8.50%		8/16/2027	14,270	14,035	14,270
			Common Stock		8/16/2022	201							201	201
													17,587	18,019
DTE Enterprises, LLC	(10)	Industrial Powertrain Repair and Services
			Class A Preferred Member Units		4/13/2018	776,316	8.00%			8.00%			776	260
			Class AA Preferred Member Units (non-voting)	(8)	4/13/2018		10.00%			10.00%			1,220	1,220
													1,996	1,480
Dynamic Communities, LLC	(10)	Developer of Business Events and Online Community Groups
			Secured Debt		12/20/2022						7/17/2023	1	1	1
			Secured Debt	(9) (28)	12/20/2022		9.70%	SF+	4.50%	9.70%	12/31/2026	1,957	1,798	1,798
			Secured Debt	(9) (28)	12/20/2022		11.70%	SF+	6.50%	11.70%	12/31/2026	1,972	1,739	1,739
			Preferred Equity		12/20/2022	125,000							128	128
			Preferred Equity		12/20/2022	2,376,241							—	—
			Common Equity		12/20/2022	1,250,000							—	—
													3,666	3,666
Eastern Wholesale Fence LLC	(10)	Manufacturer and Distributor of Residential and Commercial Fencing Solutions
			Secured Debt	(9) (28)	11/19/2020		13.39%	SF+	8.00%		10/30/2025	3,346	3,300	3,219
			Secured Debt	(9) (28)	11/19/2020		13.39%	SF+	8.00%		10/30/2025	4,827	4,784	4,644
			Secured Debt	(9) (28)	11/19/2020		13.39%	SF+	8.00%		10/30/2025	22,549	22,306	21,695
													30,390	29,558
Emerald Technologies Acquisition Co, Inc.	(11)	Design & Manufacturing
			Secured Debt	(9) (28)	2/10/2022		11.66%	SF+	6.25%		2/10/2028	9,141	8,999	8,821

EnCap Energy Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EnCap Energy Capital Fund VIII, L.P.)	(8) (30)	1/22/2015	0.14%							3,566	1,984
			LP Interests (EnCap Energy Capital Fund VIII Co- Investors, L.P.)	(8) (30)	1/21/2015	0.38%							1,979	950
			LP Interests (EnCap Energy Capital Fund IX, L.P.)	(8) (30)	1/22/2015	0.10%							3,590	1,631


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%							7,160	6,862
			LP Interests (EnCap Flatrock Midstream Fund II, L.P.)	(8) (30)	3/30/2015	0.84%							5,225	1,555
			LP Interests (EnCap Flatrock Midstream Fund III, L.P.)	(8) (30)	3/27/2015	0.25%							5,106	5,102
													26,626	18,084
Engineering Research & Consulting, LLC	(10)	Provider of Engineering & Consulting Services to US Department of Defense
			Secured Debt	(9)	5/23/2022		13.75%	P+	5.50%		5/23/2027	655	615	655
			Secured Debt	(9) (28)	5/23/2022		11.76%	SF+	6.50%		5/23/2028	16,216	15,953	16,216
													16,568	16,871
EPIC Y-Grade Services, LP	(11)	NGL Transportation & Storage
			Secured Debt	(9) (28)	6/22/2018		11.36%	SF+	6.00%		6/30/2027	6,788	6,736	6,073

Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (25) (28)	4/7/2023			SF+	8.00%		4/6/2029	—	(38)	(38)
			Secured Debt	(9) (28)	4/7/2023		13.34%	SF+	8.00%		4/6/2029	26,306	25,545	25,545
			Common Equity		4/7/2023	649,794							663	663
													26,170	26,170
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems
			Secured Debt	(9) (28) (29)	12/22/2021		12.54%	SF+	7.00%		12/22/2026	3,692	3,667	3,566
			Secured Debt	(9) (28) (29)	12/22/2021		12.54%	SF+	7.00%		12/22/2026	44,308	43,999	42,797
													47,666	46,363
Flip Electronics LLC	(10)	Distributor of Hard-to-Find and Obsolete Electronic Components
			Secured Debt	(28)	3/24/2022		12.55%	SF+	7.50%		1/2/2026	982	982	982
			Secured Debt	(28)	1/4/2021		12.69%	SF+	7.50%		1/2/2026	11,095	10,892	11,095
													11,874	12,077
Fuse, LLC	(11)	Cable Networks Operator
			Secured Debt		6/30/2019		12.00%				6/28/2024	1,810	1,810	1,374
			Common Stock		6/30/2019	10,429							256	—
													2,066	1,374
GeoStabilization International (GSI)	(11)	Geohazard Engineering Services & Maintenance
			Secured Debt	(28)	1/2/2019		10.17%	SF+	5.25%		12/19/2025	20,444	20,385	19,831

GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor


Portfolio Company (1) (20)		Business Description	Type of Investment (2) (3) (15)		Investment Date (24)	Shares/Units	Total Rate	Reference Rate and Spread (28)		PIK Rate (19)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Secured Debt	(9) (25) (28)	10/18/2019			SF+	6.50%		10/2/2024	—	(6)	(6)
			Secured Debt	(25)	10/18/2019						10/2/2024	—	(14)	(14)
			Secured Debt	(9) (28)	10/18/2019		11.70%	SF+	6.50%		10/2/2024	10,679	10,651	10,679
													10,631	10,659
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (28) (36)	9/30/2022		11.14%	SF+	5.75%		9/30/2028	303	285	303
			Secured Debt	(9) (28)	9/30/2022		11.14%	SF+	5.75%		9/30/2028	303	287	303
			Secured Debt	(9) (28)	9/30/2022		11.14%	SF+	5.75%		9/30/2028	3,642	3,579	3,642
													4,151	4,248
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9) (28)	12/21/2018		14.34%	SF+	9.50%	14.34%	12/21/2023	344	343	315
			Secured Debt	(9) (28)	12/21/2018		14.34%	SF+	9.50%	14.34%	12/21/2023	3,487	3,480	3,188
													3,823	3,503
HEADLANDS OP-CO LLC	(10)	Clinical Trial Sites Operator
			Secured Debt	(9) (25) (28)	8/1/2022			SF+	6.50%		8/1/2027	—	(55)	(55)
			Secured Debt	(9) (25) (28)	8/1/2022			SF+	6.50%		8/1/2027	—	(55)	(55)
			Secured Debt	(9) (28)	8/1/2022		11.60%	SF+	6.50%		8/1/2027	16,706	16,433	16,706
													16,323	16,596
HOWLCO LLC	(11) (13) (21)	Provider of Accounting and Business Development Software to Real Estate End Markets
			Secured Debt	(9) (28)	8/19/2021		11.32%	SF+	6.00%		10/23/2026	25,162	25,162	24,464

Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel
			Secured Debt	(9) (28)	6/30/2021		15.76%	SF+	10.25%	2.00%	6/30/2026	7,088	7,001	5,716

IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9) (25) (28)	7/30/2021			SF+	5.75%		7/30/2026	—	(24)	—
			Secured Debt	(9) (28)	7/30/2021		10.95%	SF+	5.75%		7/30/2028	14,426	14,249	14,426
													14,225	14,426
Imaging Business Machines, L.L.C.	(10)	Technology Hardware & Equipment
			Secured Debt	(9) (28)	6/8/2023		12.24%	SF+	7.00%		6/30/2028	20,872	20,167	20,167
			Common Equity		6/8/2023	849							1,166	1,166
													21,333	21,333


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

Implus Footcare, LLC	(10)	Provider of Footwear and Related Accessories
			Secured Debt	(9) (28)	6/1/2017		14.65%	SF+	7.75%	1.50%	7/31/2024	18,592	18,506	16,591

Industrial Services Acquisition, LLC	(10)	Industrial Cleaning Services
			Secured Debt	(9) (28)	8/13/2021		12.25%	SF+	6.75%		8/13/2026	1,004	976	1,004
			Secured Debt	(9) (28)	8/13/2021		12.25%	SF+	6.75%		8/13/2026	19,142	18,900	19,142
			Preferred Member Units	(8) (29)	1/31/2018	144	10.00%			10.00%			133	149
			Preferred Member Units	(8) (29)	5/17/2019	80	20.00%			20.00%			97	98
			Member Units	(29)	6/17/2016	900							900	600
													21,006	20,993
Infolinks Media Buyco, LLC	(10)	Exclusive Placement Provider to the Advertising Ecosystem
			Secured Debt	(9) (28)	11/1/2021		10.70%	SF+	5.50%		11/1/2026	1,512	1,481	1,481
			Secured Debt	(9) (28)	11/1/2021		10.70%	SF+	5.50%		11/1/2026	8,550	8,435	8,550
													9,916	10,031
Inspire Aesthetics Management, LLC	(10)	Surgical and non-surgical plastic surgery and aesthetics provider
			Secured Debt	(9) (28)	4/3/2023		13.14%	SF+	8.00%		4/3/2028	286	264	264
			Secured Debt	(9) (28)	4/3/2023		13.07%	SF+	8.00%		4/3/2028	10,273	10,023	10,023
			Common Equity		4/3/2023	106,032							336	336
													10,623	10,623
Interface Security Systems, L.L.C	(10)	Commercial Security & Alarm Services
			Secured Debt	(28)	12/9/2021		15.34%	SF+	10.00%	15.34%	8/7/2023	1,835	1,835	1,781
			Secured Debt	(9) (14) (28)	8/7/2019		12.23%	SF+	7.00%	12.23%	8/7/2023	7,313	7,237	823
			Common Stock		12/7/2021	2,143							—	—
													9,072	2,604
Intermedia Holdings, Inc.	(11)	Unified Communications as a Service
			Secured Debt	(9) (28)	8/3/2018		11.19%	SF+	6.00%		7/19/2025	20,361	20,322	16,594

Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats
			Secured Debt	(9)	8/28/2019		12.04%	L+	6.50%		8/28/2025	622	618	605
			Secured Debt	(9)	8/28/2019		12.04%	L+	6.50%		8/28/2025	16,889	16,804	16,429
													17,422	17,034
INW Manufacturing, LLC	(11)	Manufacturer of Nutrition and Wellness Products
			Secured Debt	(9) (28)	5/19/2021		11.29%	SF+	5.75%		3/25/2027	6,938	6,803	5,504


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

Isagenix International, LLC	(11)	Direct Marketer of Health & Wellness Products
			Secured Debt	(9) (28)	4/13/2023		12.46%	SF+	5.50%	3.00%	4/14/2028	2,305	2,050	2,074
			Common Equity		4/13/2023	186,322							—	—
													2,050	2,074
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9)	10/26/2022		12.69%	L+	7.50%		11/4/2024	651	639	651
			Secured Debt	(9)	11/8/2021		12.69%	L+	7.50%		11/4/2024	2,027	2,027	2,027
			Preferred Equity		11/8/2021	2,826,667							110	500
													2,776	3,178
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(14) (28)	11/15/2021		23.35%	SF+	18.00%	23.35%	1/31/2024	2,431	2,431	2,151
			Secured Debt	(14) (28)	8/21/2019		21.48%	SF+	16.00%	21.48%	8/21/2024	4,034	3,997	280
			Common Stock		8/21/2019	472,579							4,429	—
													10,857	2,431
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9) (25)	12/22/2021			L+	6.00%		12/22/2026	—	(118)	(118)
			Secured Debt	(9)	12/22/2021		11.54%	L+	6.00%		12/22/2026	36,474	35,961	36,474
			Common Equity		12/22/2021	1,684,211							1,684	2,660
													37,527	39,016
KMS, LLC	(10)	Wholesaler of Closeout and Value-priced Products
			Secured Debt	(9)	10/4/2021		12.81%	L+	7.25%		10/4/2026	1,042	1,003	954
			Secured Debt	(9)	10/4/2021		12.81%	L+	7.25%		10/4/2026	7,467	7,368	6,835
													8,371	7,789
Kore Wireless Group Inc.	(11)	Mission Critical Software Platform
			Secured Debt	(28)	12/31/2018		10.84%	SF+	5.50%		9/21/2024	11,238	11,205	10,657

Lightbox Holdings, L.P.	(11)	Provider of Commercial Real Estate Software
			Secured Debt	(28)	5/9/2019		10.50%	SF+	5.00%		5/9/2026	14,400	14,293	14,040

LKCM Headwater Investments I, L.P.	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	1/25/2013	2.27%							1,746	3,354

LL Management, Inc.	(10)	Medical Transportation Service Provider
			Secured Debt	(9) (28)	5/2/2019		12.43%	SF+	7.25%		9/25/2023	8,004	7,998	8,004
			Secured Debt	(9) (28) (38)	5/2/2019		12.45%	SF+	7.25%		9/25/2023	9,154	9,141	9,154
			Secured Debt	(9) (28)	5/12/2022		12.44%	SF+	7.25%		9/25/2023	10,778	10,746	10,778
													27,885	27,936


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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

LLFlex, LLC	(10)	Provider of Metal-Based Laminates
			Secured Debt	(9) (28)	8/16/2021		15.22%	SF+	9.00%	1.00%	8/16/2026	4,428	4,320	4,037

Logix Acquisition Company, LLC	(10)	Competitive Local Exchange Carrier
			Secured Debt	(9)	1/8/2018		11.48%	L+	5.75%		12/22/2024	23,921	22,663	19,137

Looking Glass Investments, LLC	(12) (13)	Specialty Consumer Finance
			Member Units		7/1/2015	3							125	25

Mako Steel, LP	(10)	Self-Storage Design & Construction
			Secured Debt	(9)	3/15/2021		12.91%	L+	7.25%		3/15/2026	2,373	2,339	2,373
			Secured Debt	(9)	3/15/2021		12.91%	L+	7.25%		3/15/2026	15,147	14,980	15,147
													17,319	17,520
MB2 Dental Solutions, LLC	(11)	Dental Partnership Organization
			Secured Debt	(9) (28) (32)	1/28/2021		11.20%	SF+	6.00%		1/29/2027	10,244	10,165	10,244
			Secured Debt	(9) (28)	1/28/2021		11.20%	SF+	6.00%		1/29/2027	7,836	7,756	7,836
													17,921	18,080
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25) (28)	4/4/2022			SF+	6.25%		4/3/2028	—	(57)	(57)
			Secured Debt	(9) (28)	4/4/2022		11.44%	SF+	6.25%		4/3/2028	24,123	23,741	23,945
													23,684	23,888
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9) (28)	10/24/2018		11.77%	SF+	6.50%		10/24/2024	18,769	18,618


Maryland			41-2230745
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)
1300 Post Oak Boulevard, 8th Floor Houston, TX			77056
(Address of principal executive offices)			(Zip Code)


	PART I
	FINANCIAL INFORMATION
Item 1.	Consolidated Financial Statements
	Consolidated Balance Sheets—June 30 , 202 3 (unaudited) and December 31, 2022	1
	Consolidated Statements of Operations (unaudited)—Three and six months ended June 30 , 202 3 and 2022	2
	Consolidated Statements of Changes in Net Assets (unaudited)—Six months ended June 30 , 202 3 and 2022	3
	Consolidated Statements of Cash Flows (unaudited)—Six months ended June 30 , 202 3 and 2022	4
	Consolidated Schedule of Investments (unaudited)—June 30, 2023	5
	Consolidated Schedule of Investments—December 31, 2022	36
	Notes to Consolidated Financial Statements (unaudited)	67
	Consolidated Schedules of Investments in and Advances to Affiliates (unaudited)—Six months ended June 3 0 , 2023 and 2022	108
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	124
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	144
Item 4.	Controls and Procedures	145
	PART II
	OTHER INFORMATION
Item 1.	Legal Proceedings	146
Item 1A.	Risk Factors	146
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	146
Item 6.	Exhibits	147
	Signatures	148


x			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


o			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934