main-20240630


	June 30, 2024		December 31, 2023
	(Unaudited)
ASSETS
Investments at fair value:
Control investments (cost: $1,484,861 and $1,435,131 as of June 30, 2024 and December 31, 2023, respectively)	$	2,075,429	$	2,006,698
Affiliate investments (cost: $679,571 and $575,894 as of June 30, 2024 and December 31, 2023, respectively)	752,764		615,002
Non‑Control/Non‑Affiliate investments (cost: $1,949,642 and $1,714,935 as of June 30, 2024 and December 31, 2023, respectively)	1,909,318		1,664,571
Total investments (cost: $4,114,074 and $3,725,960 as of June 30, 2024 and December 31, 2023, respectively)	4,737,511		4,286,271
Cash and cash equivalents	30,472		60,083
Interest and dividend receivable and other assets	116,003		89,337
Receivable for securities sold	63,615		—
Deferred financing costs (net of accumulated amortization of $13,370 and $12,329 as of June 30, 2024 and December 31, 2023, respectively)	9,734		7,879
Total assets	$	4,957,335	$	4,443,570
LIABILITIES
Credit Facilities	$	625,000	$	360,000
July 2026 Notes (par: $500,000 as of both June 30, 2024 and December 31, 2023)	498,925		498,662
March 2029 Notes (par: $350,000 as of June 30, 2024)	346,642		—
June 2027 Notes (par: $300,000 as of June 30, 2024)	297,660		—
SBIC debentures (par: $286,200 and $350,000 as of June 30, 2024 and December 31, 2023, respectively)	280,617		344,535
December 2025 Notes (par: $150,000 as of both June 30, 2024 and December 31, 2023)	149,224		148,965
May 2024 Notes (par: $450,000 as of December 31, 2023)	—		450,182
Accounts payable and other liabilities	51,143		62,576
Interest payable	25,823		17,025
Dividend payable	21,205		20,368
Deferred tax liability, net	82,140		63,858
Total liabilities	2,378,379		1,966,171
Commitments and contingencies (Note K)
NET ASSETS
Common stock, $0.01 par value per share (150,000,000 shares authorized; 86,552,506 and 84,830,679 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)	865		848
Additional paid‑in capital	2,337,879		2,270,549




Total undistributed earnings	240,212		206,002
Total net assets	2,578,956		2,477,399
Total liabilities and net assets	$	4,957,335	$	4,443,570
NET ASSET VALUE PER SHARE	$	29.80	$	29.20


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
INVESTMENT INCOME:
Interest, fee and dividend income:
Control investments	$	51,318	$	47,979	$	102,437	$	96,841
Affiliate investments	23,201		20,999		40,928		38,455
Non‑Control/Non‑Affiliate investments	57,635		58,605		120,394		112,542
Total investment income	132,154		127,583		263,759		247,838
EXPENSES:
Interest	(29,161)		(26,754)		(55,937)		(51,752)
Compensation	(11,322)		(12,188)		(23,581)		(23,300)
General and administrative	(5,375)		(4,514)		(9,595)		(8,591)
Share‑based compensation	(4,883)		(4,087)		(8,986)		(8,187)
Expenses allocated to the External Investment Manager	5,887		5,688		11,446		10,686
Total expenses	(44,854)		(41,855)		(86,653)		(81,144)
NET INVESTMENT INCOME	87,300		85,728		177,106		166,694
NET REALIZED GAIN (LOSS):
Control investments	(361)		(48,111)		(352)		(51,077)
Affiliate investments	7,863		9,997		753		(16,267)
Non‑Control/Non‑Affiliate investments	(4,088)		(37,392)		(9,355)		(36,542)

Total net realized gain (loss)	3,414		(75,506)		(8,954)		(103,886)
NET UNREALIZED APPRECIATION (DEPRECIATION):
Control investments	5,589		75,779		37,659		92,940
Affiliate investments	9,502		(11,469)		15,428		21,672
Non‑Control/Non‑Affiliate investments	7,953		40,631		10,606		25,447

Total net unrealized appreciation	23,044		104,941		63,693		140,059
INCOME TAXES:
Federal and state income, excise and other taxes	(1,597)		(1,671)		(3,728)		(3,407)
Deferred taxes	(9,473)		(6,976)		(18,282)		(13,353)
Income tax provision	(11,070)		(8,647)		(22,010)		(16,760)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	102,688	$	106,516	$	209,835	$	186,107
NET INVESTMENT INCOME PER SHARE—BASIC AND DILUTED	$	1.01	$	1.06	$	2.07	$	2.08
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC AND DILUTED	$	1.19	$	1.32	$	2.45	$	2.32
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC AND DILUTED	86,194,092		80,807,861		85,666,311		80,190,630


	Common Stock			Additional Paid-In Capital		Total Undistributed (Overdistributed) Earnings		Total Net Asset Value
	Number of Shares	Par Value
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 in net assets 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 in net assets resulting from operations	—	—		—		106,516		106,516
Balances at June 30, 2023	81,431,006	$	814	$	2,132,041	$	122,093	$	2,254,948





















Balances at December 31, 2023	84,833,002	$	848	$	2,270,549	$	206,002	$	2,477,399
Public offering of common stock, net of offering costs	128,942	1		5,695		—		5,696
Share‑based compensation	—	—		4,103		—		4,103
Purchase of vested stock for employee payroll tax withholding	(295)	—		(14)		—		(14)
Dividend reinvestment	186,985	2		8,439		—		8,441
Amortization of directors’ deferred compensation	—	—		102		—		102
Issuance of restricted stock, net of forfeited shares	14,999	—		—		—		—
Dividends to stockholders	—	—		168		(87,072)		(86,904)

Net increase in net assets resulting from operations	—	—		—		107,147		107,147
Balances at March 31, 2024	85,163,633	$	851	$	2,289,042	$	226,077	$	2,515,970
Public offering of common stock, net of offering costs	874,309	9		42,208		—		42,217
Share‑based compensation	—	—		4,883		—		4,883
Purchase of vested stock for employee payroll tax withholding	(154,751)	(2)		(7,320)		—		(7,322)
Dividend reinvestment	179,511	2		8,786		—		8,788
Amortization of directors’ deferred compensation	—	—		106		—		106
Issuance of restricted stock, net of forfeited shares	489,804	5		(5)		—		—
Dividends to stockholders	—	—		179		(88,553)		(88,374)

Net increase in net assets resulting from operations	—	—		—		102,688		102,688
Balances at June 30, 2024	86,552,506	$	865	$	2,337,879	$	240,212	$	2,578,956


	Six Months Ended June 30,
	2024		2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net increase in net assets resulting from operations	$	209,835	$	186,107
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:
Investments in portfolio companies	(915,212)		(395,305)
Proceeds from sales and repayments of debt investments in portfolio companies	442,596		291,557
Proceeds from sales and return of capital of equity investments in portfolio companies	29,724		31,057
Net unrealized appreciation	(63,693)		(140,059)
Net realized loss	8,954		103,886
Accretion of unearned income	(10,560)		(9,900)
Payment-in-kind interest	(9,116)		(5,219)
Cumulative dividends	(1,026)		(717)
Share-based compensation expense	8,986		8,187
Amortization of deferred financing costs	2,294		1,582
Deferred tax provision	18,282		13,353
Changes in other assets and liabilities:
Interest and dividend receivable and other assets	(27,282)		(34,644)
Interest payable	8,798		(1,225)
Accounts payable and other liabilities	(10,399)		(3,360)
Deferred fees and other	3,268		2,382
Net cash provided by (used in) operating activities	(304,551)		47,682

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from public offering of common stock, net of offering costs	47,913		84,100


Proceeds from public offering of December 2025 Notes	—		50,000
Proceeds from public offering of March 2029 Notes	350,000		—
Proceeds from public offering of June 2027 Notes	300,000		—
Dividends paid	(157,212)		(125,260)
Proceeds from issuance of SBIC debentures	—		16,000
Repayments of SBIC debentures	(63,800)		(16,000)



Redemption of May 2024 Notes	(450,000)		—
Proceeds from Credit Facilities	1,395,000		243,000
Repayments on Credit Facilities	(1,130,000)		(270,000)
Debt issuance costs, net	(9,625)		(1,807)
Purchases of vested stock for employee payroll tax withholding	(7,336)		(5,950)

Net cash provided by (used in) financing activities	274,940		(25,917)

Net increase (decrease) in cash and cash equivalents	(29,611)		21,765
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	60,083		49,121
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	30,472	$	70,886

Supplemental cash flow disclosures:
Interest paid	$	44,694	$	51,333
Taxes paid	$	6,425	$	5,909


Non-cash financing activities:
Value of shares issued pursuant to the DRIP	$	17,229	$	14,688


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)	8/16/2019		15.38%	SF+	10.00%		8/16/2024	$	220	$	220	$	220
			Secured Debt	(9)	8/16/2019		15.38%	SF+	10.00%		8/16/2024	3,930		3,923		3,923
			Preferred Member Units		5/20/2021	2,427								2,427		5,620
			Preferred Member Units		8/16/2019	3,200	14.13%							3,200		—
			Warrants	(27)	8/16/2019	420					8/16/2029			316		—
														10,086		9,763
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		1,650		1,598
			Preferred Member Units		6/28/2023	178								178		266
			Member Units		8/1/2013	1,500								1,500		40
														3,728		2,304
ATS Workholding, LLC	(10)	Manufacturer of Machine Cutting Tools and Accessories
			Secured Debt	(14)	11/16/2017		5.00%				9/1/2024	2,257		2,249		214
			Secured Debt	(14)	11/16/2017		5.00%				9/1/2024	3,015		2,841		285
			Preferred Member Units		11/16/2017	3,725,862								3,726		—
														8,816		499
Barfly Ventures, LLC	(10)	Casual Restaurant Group
			Secured Debt		10/15/2020		7.00%				10/31/2024	711		711		711
			Member Units	(8)	10/26/2020	37								1,584		4,720
														2,295		5,431
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt		3/7/2022		10.00%				3/7/2027	450		445		445
			Secured Debt		3/7/2022		10.00%				3/7/2027	270		270		270
			Secured Debt		3/7/2022		10.00%				3/7/2027	10,575		10,518		10,518
			Preferred Stock	(8)	3/7/2022	4,073								4,095		5,720
														15,328		16,953
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(25)	12/31/2020						12/31/2025	—		—		—
			Secured Debt	(9) (22)	12/31/2020		13.43%	SF+	8.05%		10/31/2027	102,836		102,385		102,836
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%							14,000		34,710
														116,385		137,546
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		15.48%	SF+	10.00%		1/9/2025	5,264		5,264		5,264
			Preferred Member Units	(8)	1/9/2018	2,950								4,280		5,300
														9,544		10,564


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)

Bridge Capital Solutions Corporation	Financial Services and Cash Flow Solutions Provider
		Secured Debt		7/25/2016		13.00%				12/11/2024	8,813	8,813	8,813
		Secured Debt		7/25/2016		13.00%				12/11/2024	1,000	1,000	1,000
		Warrants	(27)	7/25/2016	82					7/25/2026		2,132	4,230
		Preferred Member Units	(8) (29)	7/25/2016	17,742							1,000	1,000
												12,945	15,043
Café Brazil, LLC	Casual Restaurant Group
		Member Units	(8)	6/9/2006	1,233							1,742	1,790

California Splendor Holdings LLC	Processor of Frozen Fruits
		Secured Debt	(25)	3/15/2024						7/29/2026	—	—	—
		Secured Debt		3/30/2018		14.00%			4.00%	7/29/2026	28,336	28,263	27,875
		Preferred Member Units	(8)	7/31/2019	8,671	15.00%			15.00%			10,173	10,173
		Preferred Member Units	(8)	3/30/2018	6,157							10,775	15,695
												49,211	53,743
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300	49,540

Centre Technologies Holdings, LLC	Provider of IT Hardware Services and Software Solutions
		Secured Debt	(9) (25)	1/4/2019			SF+	10.00%		1/4/2028	—	—	—
		Secured Debt	(9)	1/4/2019		15.48%	SF+	10.00%		1/4/2028	20,462	20,239	20,462
		Preferred Member Units		1/4/2019	13,309							6,122	11,500
												26,361	31,962
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2026	—	(150)	—
		Secured Debt	(9)	2/26/2018		13.49%	SF+	8.00%		2/26/2026	15,620	15,618	15,620
		Member Units	(8)	2/26/2018	4,347							11,440	30,030
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773	3,150
												28,681	48,800
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		10.00%				1/31/2026	5,694	4,922	5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963	15,580
												6,885	21,274
Clad-Rex Steel, LLC	Specialty Manufacturer of Vinyl-Clad Metal
		Secured Debt	(25)	10/28/2022						1/15/2027	—	—	—
		Secured Debt		12/20/2016		11.50%				1/15/2027	7,960	7,938	7,801
		Secured Debt		12/20/2016		10.00%				12/20/2036	993	985	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)	Maturity Date	Principal (4)	Cost (4)	Fair Value (18)

			Member Units	(8)	12/20/2016	717							7,280	6,210
			Member Units	(29)	12/20/2016	800							509	950
													16,712	15,946
Cody Pools, Inc.		Designer of Residential and Commercial Pools
			Secured Debt	(25)	3/6/2020						12/17/2026	—	(15)	—
			Secured Debt		3/6/2020		12.50%				12/17/2026	40,801	40,775	40,801
			Preferred Member Units	(8) (29)	3/6/2020	587							8,317	74,480
													49,077	115,281
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	18,140	18,073	18,140
			Preferred Member Units	(8)	3/31/2021	17,280							7,680	11,740
													25,753	29,880
CompareNetworks Topco, LLC		Internet Publishing and Web Search Portals
			Secured Debt	(9)	1/29/2019		14.48%	SF+	9.00%		1/29/2028	3,162	3,097	3,097
			Preferred Member Units	(8)	1/29/2019	1,975							1,975	12,930
													5,072	16,027
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt		11/22/2023		13.50%				11/22/2028	1,600	1,584	1,584
			Secured Debt		11/22/2023		13.50%				11/22/2028	17,200	17,051	17,051
			Preferred Equity		11/22/2023	7,454							7,454	7,950
													26,089	26,585
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(8) (30)	7/17/2017	38.75%							568	568

Cybermedia Technologies, LLC		IT and Digital Services Provider
			Secured Debt	(25)	5/5/2023						5/5/2028	—	—	—
			Secured Debt		5/5/2023		13.00%				5/5/2028	27,663	27,449	27,449
			Preferred Member Units	(8)	5/5/2023	556							15,000	16,020
													42,449	43,469
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		7.50%				12/31/2025	270	268	268
			Secured Debt		3/31/2021		10.00%				12/31/2025	8,217	8,011	7,525
			Preferred Member Units		3/31/2021	9,000							2,610	200
													10,889	7,993


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)

Digital Products Holdings LLC	Designer and Distributor of Consumer Electronics
		Secured Debt	(9)	4/1/2018		15.38%	SF+	10.00%		4/27/2026	13,420	13,338	13,271
		Preferred Member Units	(8)	4/1/2018	3,857							9,501	9,835
												22,839	23,106
Direct Marketing Solutions, Inc.	Provider of Omni-Channel Direct Marketing Services
		Secured Debt	(25)	2/13/2018						2/13/2026	—	(45)	—
		Secured Debt		12/27/2022		14.00%				2/13/2026	24,723	24,659	24,723
		Preferred Stock		2/13/2018	8,400							8,400	19,600
												33,014	44,323
Elgin AcquireCo, LLC	Manufacturer and Distributor of Engine and Chassis Components
		Secured Debt	(9) (25)	10/3/2022			SF+	6.00%		10/3/2027	—	(6)	(6)
		Secured Debt		10/3/2022		12.00%				10/3/2027	18,303	18,184	18,184
		Secured Debt		10/3/2022		9.00%				10/3/2052	6,289	6,230	6,230
		Common Stock		10/3/2022	285							5,726	5,730
		Common Stock	(29)	10/3/2022	939							1,558	1,750
												31,692	31,888
Gamber-Johnson Holdings, LLC	Manufacturer of Ruggedized Computer Mounting Systems
		Secured Debt	(9) (25) (33)	6/24/2016			SF+	7.50%		1/1/2028	—	—	—
		Secured Debt	(9) (33)	12/15/2022		10.50%	SF+	7.50%		1/1/2028	49,278	49,073	49,278
		Member Units	(8)	6/24/2016	9,042							17,692	106,550
												66,765	155,828
Garreco, LLC	Manufacturer and Supplier of Dental Products
		Member Units	(8)	7/15/2013	1,200							1,200	1,580
												1,200	1,580
GRT Rubber Technologies LLC	Manufacturer of Engineered Rubber Products
		Secured Debt		12/21/2018		11.48%	SF+	6.00%		10/29/2026	3,146	3,138	3,146
		Secured Debt		12/19/2014		13.48%	SF+	8.00%		10/29/2026	40,493	40,382	40,493
		Member Units	(8)	12/19/2014	5,879							13,065	44,440
												56,585	88,079
Gulf Publishing Holdings, LLC	Energy Industry Focused Media and Publishing
		Secured Debt	(9) (14) (25)	9/29/2017			SF+	9.50%		7/1/2027	—	—	—
		Secured Debt	(14)	7/1/2022		12.50%			12.50%	7/1/2027	2,400	2,400	1,948
		Preferred Equity		7/1/2022	63,720							5,600	—
		Member Units		4/29/2016	3,681							3,681	—
												11,681	1,948


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)

Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (2717 MH, L.P.)	(8) (30)	10/1/2017	49.26%							3,345	8,991
			LP Interests (2717 HPP-MS, L.P.)	(30)	3/11/2022	49.26%							248	374
			LP Interests (2717 GRE-LP, L.P.)	(30)	4/18/2024	43.05%							441	441
													4,034	9,806
Harrison Hydra-Gen, Ltd.		Manufacturer of Hydraulic Generators
			Common Stock		6/4/2010	107,456							718	5,220

IG Investor, LLC		Military and Other Tactical Gear
			Secured Debt	(25)	6/21/2023						6/21/2028	—	(31)	(31)
			Secured Debt		6/21/2023		13.00%				6/21/2028	36,384	36,096	36,096
			Common Equity		6/21/2023	14,400							14,400	14,400
													50,465	50,465
Jensen Jewelers of Idaho, LLC		Retail Jewelry Store
			Secured Debt	(9) (25)	8/29/2017			P+	6.75%		11/14/2026	—	—	—
			Secured Debt	(9)	11/14/2006		15.00%	P+	6.75%		11/14/2026	1,800	1,800	1,800
			Member Units	(8)	11/14/2006	627							811	12,330
													2,611	14,130
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	25,003	24,866	24,866
			Preferred Equity	(8)	3/28/2022	107,406							10,741	10,741
													35,607	35,607
KBK Industries, LLC		Manufacturer of Specialty Oilfield and Industrial Products
			Secured Debt		2/24/2023		9.00%				2/24/2028	4,300	4,268	4,300
			Member Units	(8)	1/23/2006	325							783	24,820
													5,051	29,120
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		12.00%				10/31/2026	17,399	17,382	17,382
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,982	3,948	3,948
			Preferred Equity		10/31/2018	581							12,240	11,930
			Member Units	(8) (29)	10/31/2018	800							992	2,490
													34,562	35,750
Metalforming Holdings, LLC		Distributor of Sheet Metal Folding and Metal Forming Equipment
			Secured Debt	(25)	10/19/2022						10/19/2024	—	—	—


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		10/19/2022		10.75%				10/19/2027	22,657	22,508	22,508
			Preferred Equity	(8)	10/19/2022	5,915,585	8.00%			8.00%			5,916	6,152
			Common Stock	(8)	10/19/2022	1,537,219							1,537	3,070
													29,961	31,730
MH Corbin Holding LLC		Manufacturer and Distributor of Traffic Safety Products
			Secured Debt		8/31/2015		14.00%				12/31/2025	5,240	5,240	4,862
			Preferred Member Units		3/15/2019	66,000							4,400	330
			Preferred Member Units		9/1/2015	4,000							6,000	—
													15,640	5,192
MS Private Loan Fund I, LP	(12) (13)	Investment Partnership
			Secured Debt		1/26/2021		5.00%				12/31/2024	7,000	7,000	7,000
			LP Interests	(8) (30)	1/26/2021	14.51%							14,250	14,469
													21,250	21,469
MS Private Loan Fund II, LP	(12) (13)	Investment Partnership
			Secured Debt		9/5/2023		8.88%	SF+	3.50%		9/5/2025	49,500	49,408	49,408
			LP Interests	(8) (30)	9/5/2023	14.12%							3,725	3,810
													53,133	53,218
MSC Adviser I, LLC	(16)	Third Party Investment Advisory Services
			Member Units	(8)	11/22/2013	100%							29,500	186,560

MSC Income Fund, Inc.	(12) (13)	Business Development Company
			Common Equity	(8)	5/2/2022	1,919,595							15,000	14,894

Mystic Logistics Holdings, LLC		Logistics and Distribution Services Provider for Large Volume Mailers
			Secured Debt	(25)	8/18/2014						1/31/2027	—	—	—
			Secured Debt		8/18/2014		10.00%				1/31/2027	5,746	5,727	5,746
			Common Stock	(8)	8/18/2014	5,873							2,720	26,100
													8,447	31,846
NAPCO Precast, LLC		Precast Concrete Manufacturing
			Member Units		1/31/2008	2,955							2,975	10,380

Nello Industries Investco, LLC		Manufacturer of Steel Poles and Towers For Critical Infrastructure
			Secured Debt	(9)	6/4/2024		11.88%	SF+	6.50%		6/4/2025	10,974	10,946	10,946
			Secured Debt		6/4/2024		13.50%				6/4/2029	24,800	24,556	24,556
			Common Equity		6/4/2024	365							12,120	12,120
													47,622	47,622
NexRev LLC		Provider of Energy Efficiency Products & Services
			Secured Debt		2/28/2018		10.00%				2/28/2025	1,600	1,600	1,600
			Secured Debt		2/28/2018		10.00%				2/28/2025	9,811	9,777	9,811


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

		Preferred Member Units	(8)	2/28/2018	103,144,186							8,213	8,210
												19,590	19,621
NRP Jones, LLC	Manufacturer of Hoses, Fittings and Assemblies
		Secured Debt		12/21/2017		12.00%				3/20/2025	2,080	2,080	2,080
		Member Units		12/22/2011	65,962							114	50
		Member Units		12/22/2011	65,962							3,603	1,389
												5,797	3,519
NuStep, LLC	Designer, Manufacturer and Distributor of Fitness Equipment
		Secured Debt	(9)	1/31/2017		11.98%	SF+	6.50%		1/31/2025	3,600	3,600	3,600
		Secured Debt		1/31/2017		12.00%				1/31/2025	18,440	18,432	18,432
		Preferred Member Units		11/2/2022	2,062							2,062	5,150
		Preferred Member Units		1/31/2017	406							10,200	10,200
												34,294	37,382
OMi Topco, LLC	Manufacturer of Overhead Cranes
		Secured Debt		8/31/2021		12.00%				8/31/2026	12,000	11,948	12,000
		Preferred Member Units	(8)	4/1/2008	900							1,080	48,280
												13,028	60,280
Orttech Holdings, LLC	Distributor of Industrial Clutches, Brakes and Other Components
		Secured Debt	(9) (25)	7/30/2021			SF+	11.00%		7/31/2026	—	—	—
		Secured Debt	(9)	7/30/2021		16.48%	SF+	11.00%		7/31/2026	21,960	21,868	21,960
		Preferred Stock	(8) (29)	7/30/2021	10,000							10,000	15,060
												31,868	37,020
Pearl Meyer Topco LLC	Provider of Executive Compensation Consulting Services
		Secured Debt		4/27/2020		12.00%				12/31/2027	5,000	4,997	5,000
		Secured Debt		4/27/2020		12.00%				12/31/2027	38,219	38,065	38,219
		Secured Debt		4/27/2020		12.00%				12/31/2027	27,681	27,613	27,681
		Preferred Equity	(8)	4/27/2020	15,061							13,000	53,340
												83,675	124,240
Pinnacle TopCo, LLC	Manufacturer and Distributor of Garbage Can Liners, Poly Bags, Produce Bags, and Other Similar Products
		Secured Debt	(25)	12/21/2023						12/31/2028	—	(14)	(14)
		Secured Debt		12/21/2023		13.00%				12/31/2028	30,640	30,369	30,369
		Preferred Equity	(8)	12/21/2023	440							12,540	15,330
												42,895	45,685
PPL RVs, Inc.	Recreational Vehicle Dealer
		Secured Debt	(9) (25)	10/31/2019			SF+	8.75%		11/15/2027	—	(6)	—
		Secured Debt	(9)	11/15/2016		14.23%	SF+	8.75%		11/15/2027	19,021	18,872	19,021
		Common Stock		6/10/2010	2,000							2,150	15,870
		Common Stock	(29)	6/14/2022	238,421							238	514


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

											21,254	35,405
Principle Environmental, LLC	Noise Abatement Service Provider
		Secured Debt		7/1/2011		13.00%			11/15/2026	5,897	5,841	5,841
		Preferred Member Units	(8)	2/1/2011	21,806						5,709	10,800
		Common Stock		1/27/2021	1,037						1,200	510
											12,750	17,151
Quality Lease Service, LLC	Provider of Rigsite Accommodation Unit Rentals and Related Services
		Member Units		6/8/2015	1,000						7,546	460

River Aggregates, LLC	Processor of Construction Aggregates
		Member Units	(29)	12/20/2013	1,500						369	3,790

Robbins Bros. Jewelry, Inc.	Bridal Jewelry Retailer
		Secured Debt	(14) (25)	12/15/2021					12/15/2026	—	(24)	(24)
		Secured Debt	(14)	12/15/2021		12.50%		10.00%	12/15/2026	33,660	33,479	17,388
		Preferred Equity		12/15/2021	11,070						11,070	—
											44,525	17,364
Tedder Industries, LLC	Manufacturer of Firearm Holsters and Accessories
		Secured Debt	(14) (17)	8/31/2018		12.00%		12.00%	8/31/2023	1,840	1,840	1,726
		Secured Debt	(14) (17)	8/31/2018		12.00%		12.00%	8/31/2023	15,200	15,200	4,657
		Preferred Member Units		8/28/2023	6,605						661	—
		Preferred Member Units		2/1/2023	5,643						564	—
		Preferred Member Units		8/31/2018	544						9,245	—
											27,510	6,383
Televerde, LLC	Provider of Telemarketing and Data Services
		Preferred Stock		1/26/2022	248						718	1,793
		Member Units		1/6/2011	460						1,290	2,570
											2,008	4,363
Trantech Radiator Topco, LLC	Transformer Cooling Products and Services
		Secured Debt	(25)	5/31/2019					5/31/2027	—	(1)	—
		Secured Debt		5/31/2019		13.50%			5/31/2027	7,920	7,842	7,920
		Common Stock	(8)	5/31/2019	615						4,655	9,770
											12,496	17,690
Vision Interests, Inc.	Manufacturer / Installer of Commercial Signage
		Series A Preferred Stock		12/23/2011	3,000,000						3,000	3,000

Volusion, LLC	Provider of Online Software-as-a-Service eCommerce Solutions


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

			Secured Debt		3/31/2023		10.00%				3/31/2025	2,100		2,100		2,100
			Preferred Member Units		3/31/2023	5,097,595								6,529		7,000
			Preferred Member Units		3/31/2023	142,512								—		—
			Preferred Member Units		1/26/2015	4,876,670								14,000		—
			Common Stock		3/31/2023	1,802,780								2,576		—
														25,205		9,100
VVS Holdco LLC		Omnichannel Retailer of Animal Health Products
			Secured Debt	(9) (25)	12/1/2021			SF+	6.00%		12/1/2024	—		—		—
			Secured Debt		12/1/2021		11.50%				12/1/2026	27,040		26,909		26,909
			Preferred Equity	(8) (29)	12/1/2021	12,240								12,240		12,240
														39,149		39,149
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		1,710
			Preferred Member Units		6/30/2015	10,072								2,834		—
			Warrants	(27)	7/1/2015	587					10/1/2025			600		—
														7,634		3,105
Subtotal Control Investments (80.4% of net assets at fair value)														$	1,484,861	$	2,075,429
Affiliate Investments (6)
AAC Holdings, Inc.	(11)	Substance Abuse Treatment Service Provider
			Secured Debt		1/31/2023		18.00%			18.00%	6/25/2025	$	481	$	477	$	476
			Secured Debt		12/11/2020		18.00%			18.00%	6/25/2025	15,950		15,890		15,770
			Common Stock		12/11/2020	654,743								3,148		—
			Warrants	(27)	12/11/2020	574,598					12/11/2025			—		—
														19,515		16,246
Boccella Precast Products LLC		Manufacturer of Precast Hollow Core Concrete
			Secured Debt		9/23/2021		10.00%				2/28/2027	320		320		265
			Member Units	(8)	6/30/2017	2,160,000								2,256		310
														2,576		575
Buca C, LLC		Casual Restaurant Group
			Secured Debt		6/28/2024		14.00%			14.00%	4/1/2025	58		58		58
			Secured Debt	(14) (17)	6/30/2015		14.00%			14.00%	8/31/2023	20,080		17,352		12,515
			Preferred Member Units		6/30/2015	6	6.00%			6.00%				4,770		—
														22,180		12,573
Career Team Holdings, LLC		Provider of Workforce Training and Career Development Services
			Secured Debt	(9)	12/17/2021		11.38%	SF+	6.00%		12/17/2026	900		884		884
			Secured Debt		12/17/2021		13.00%				12/17/2026	19,845		19,747		19,747


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		12/17/2021	450,000						4,500	4,500
												25,131	25,131
Classic H&G Holdings, LLC		Provider of Engineered Packaging Solutions
			Preferred Member Units	(8)	3/12/2020	154						—	2,469

Congruent Credit Opportunities Funds	(12) (13)	Investment Partnership
			LP Interests (Congruent Credit Opportunities Fund III, LP)	(8) (30)	2/4/2015	12.49%						3,019	2,542

DMA Industries, LLC		Distributor of Aftermarket Ride Control Products
			Secured Debt		6/18/2024		12.00%			6/19/2029	560	554	560
			Secured Debt		11/19/2021		12.00%			6/19/2029	16,800	16,713	16,800
			Preferred Equity		11/19/2021	9,012						9,012	9,012
												26,279	26,372
Dos Rios Partners	(12) (13)	Investment Partnership
			LP Interests (Dos Rios Partners, LP)	(30)	4/25/2013	20.24%						6,172	8,412
			LP Interests (Dos Rios Partners - A, LP)	(30)	4/25/2013	6.43%						1,960	2,621
												8,132	11,033
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	1,330

EIG Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EIG Global Private Debt Fund-A, L.P.)	(8)	11/6/2015	5,000,000						808	761

FCC Intermediate Holdco, LLC (Supplycore)		Supply Chain Management Services
			Secured Debt		5/28/2024		13.00%			5/29/2029	32,800	28,691	28,691
			Warrants	(27)	5/28/2024	12						3,920	3,920
												32,611	32,611
Flame King Holdings, LLC		Propane Tank and Accessories Distributor
			Preferred Equity	(8)	10/29/2021	9,360						10,400	35,750

Freeport Financial Funds	(12) (13)	Investment Partnership
			LP Interests (Freeport Financial SBIC Fund LP)	(30)	3/23/2015	9.30%						2,580	2,656


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 First Lien Loan Fund III LP)	(8) (30)	7/31/2015	5.95%							3,051	2,596
													5,631	5,252
GFG Group, LLC		Grower and Distributor of a Variety of Plants and Products to Other Wholesalers, Retailers and Garden Centers
			Secured Debt		3/31/2021		8.00%				3/31/2026	9,345	9,312	9,345
			Preferred Member Units	(8)	3/31/2021	226							4,900	9,810
													14,212	19,155
Gulf Manufacturing, LLC	(13) (21)	Manufacturer of Specialty Fabricated Industrial Piping Products
			Secured Debt	(25)	3/15/2024			SF+	7.63%		3/15/2029	—	(47)	—
			Secured Debt		3/15/2024		13.00%	SF+	7.63%		3/15/2029	40,000	39,627	40,000
			Member Units	(8)	8/31/2007	438							2,980	14,980
													42,560	54,980
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (HPEP 3, L.P.)	(8) (30)	8/9/2017	8.22%							2,296	4,472
			LP Interests (HPEP 4, L.P.)	(30)	7/12/2022	11.61%							4,655	4,984
			LP Interests (423 COR, L.P.)	(8) (30)	6/2/2022	22.93%							2,900	4,044
			LP Interests (423 HAR, L.P.)	(30)	6/2/2023	15.60%							750	1,048
													10,601	14,548
Hawk Ridge Systems, LLC		Value-Added Reseller of Engineering Design and Manufacturing Solutions
			Secured Debt	(9)	12/2/2016		11.48%	SF+	6.00%		1/15/2026	2,090	2,088	2,090
			Secured Debt		12/2/2016		12.50%				1/15/2026	45,256	45,172	45,256
			Preferred Member Units	(8)	12/2/2016	226							2,850	18,060
			Preferred Member Units	(29)	12/2/2016	226							150	950
													50,260	66,356
Houston Plating and Coatings, LLC		Provider of Plating and Industrial Coating Services
			Unsecured Convertible Debt		5/1/2017		8.00%				10/2/2024	3,000	3,000	2,940
			Member Units	(8)	1/8/2003	322,297							2,352	3,210
													5,352	6,150
Independent Pet Partners Intermediate Holdings, LLC	(10)	Omnichannel Retailer of Specialty Pet Products
			Common Equity		4/7/2023	18,006,407							18,300	18,110

Infinity X1 Holdings, LLC		Manufacturer and Supplier of Personal Lighting Products
			Secured Debt		3/31/2023		13.00%				3/31/2028	15,500	15,386	15,386
			Preferred Equity	(8)	3/31/2023	87,360							4,368	4,368
													19,754	19,754


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)

Integral Energy Services	(10)	Nuclear Power Staffing Services
			Secured Debt	(9)	8/20/2021		13.06%	SF+	7.50%		8/20/2026	12,915	12,800	12,701
			Preferred Equity	(8)	12/7/2023	3,188	10.00%			10.00%			242	440
			Common Stock		8/20/2021	9,968							1,356	550
													14,398	13,691
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	4,490	4,490
			Secured Debt		9/1/2021		13.50%				1/31/2028	2,940	2,924	2,924
			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	17,624	17,529	17,529
			Secured Debt		1/31/2023		13.50%				1/31/2028	10,162	9,918	9,918
			Preferred Equity		6/26/2024	711,200							711	711
			Common Stock		8/3/2021	203,016							2,756	2,680
													47,272	47,196
ITA Holdings Group, LLC		Air Ambulance Services
			Secured Debt	(9)	6/21/2023		16.46%	SF+	9.00%	2.00%	6/21/2027	1,190	1,181	1,181
			Secured Debt	(9)	6/21/2023		16.46%	SF+	9.00%	2.00%	6/21/2027	719	707	707
			Secured Debt	(9)	6/21/2023		15.46%	SF+	8.00%	2.00%	6/21/2027	4,407	3,607	3,607
			Secured Debt	(9)	6/21/2023		17.46%	SF+	10.00%	2.00%	6/21/2027	4,407	3,607	3,607
			Warrants	(27)	6/21/2023	193,307					6/21/2033		2,091	2,660
													11,193	11,762
Johnson Downie Opco, LLC		Executive Search Services
			Secured Debt	(25)	12/10/2021						12/10/2026	—	(15)	—
			Secured Debt		12/10/2021		15.00%				12/10/2026	21,507	21,395	21,507
			Preferred Equity	(8)	12/10/2021	3,310							3,635	13,070
													25,015	34,577
Nebraska Vet AcquireCo, LLC		Mixed-Animal Veterinary and Animal Health Product Provider
			Secured Debt	(9)	12/31/2020		12.48%	SF+	7.00%		5/9/2027	1,250	1,242	1,250
			Secured Debt	(25)	5/9/2024						5/9/2027	—	(198)	—
			Secured Debt		12/31/2020		12.50%				5/9/2027	62,200	62,060	62,200
			Preferred Member Units	(8)	12/31/2020	6,987							6,987	19,410
													70,091	82,860
OnAsset Intelligence, Inc.		Provider of Transportation Monitoring / Tracking Products and Services
			Secured Debt	(14)	4/18/2011		12.00%			12.00%	12/31/2024	4,415	4,415	987
			Secured Debt	(14)	5/10/2013		12.00%			12.00%	12/31/2024	2,116	2,116	473
			Secured Debt	(14)	3/21/2014		12.00%			12.00%	12/31/2024	983	983	220
			Secured Debt	(14)	5/20/2014		12.00%			12.00%	12/31/2024	964	964	215
			Unsecured Debt	(14)	6/5/2017		10.00%			10.00%	12/31/2024	305	305	305
			Preferred Stock		4/18/2011	912	7.00%			7.00%			1,981	—


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		4/15/2021	635							830	—
			Warrants	(27)	4/18/2011	4,699					5/10/2025		1,089	—
													12,683	2,200
Oneliance, LLC		Construction Cleaning Company
			Secured Debt	(9)	8/6/2021		15.48%	SF+	10.00%		8/6/2026	5,200	5,178	5,200
			Preferred Stock		8/6/2021	1,128							1,128	1,650
													6,306	6,850
SI East, LLC		Rigid Industrial Packaging Manufacturing
			Secured Debt		8/31/2018		11.75%				6/16/2028	2,250	2,235	2,250
			Secured Debt	(23)	6/16/2023		12.62%				6/16/2028	67,661	67,604	67,661
			Preferred Member Units	(8)	8/31/2018	165							1,525	17,690
													71,364	87,601
Slick Innovations, LLC		Text Message Marketing Platform
			Secured Debt		9/13/2018		14.00%				12/22/2027	18,080	17,900	18,080
			Common Stock	(8)	9/13/2018	70,000							—	1,880
													17,900	19,960
Student Resource Center, LLC	(10)	Higher Education Services
			Secured Debt	(14)	12/31/2022		8.50%			8.50%	12/31/2027	5,327	4,884	1,644
			Preferred Equity		12/31/2022	5,907,649							—	—
													4,884	1,644
Superior Rigging & Erecting Co.		Provider of Steel Erecting, Crane Rental & Rigging Services
			Preferred Member Units		8/31/2020	1,636							4,500	6,430
													4,500	6,430
The Affiliati Network, LLC		Performance Marketing Solutions
			Secured Debt	(25)	8/9/2021						8/9/2026	—	(8)	(8)
			Secured Debt		8/9/2021		10.00%				8/9/2026	6,321	6,290	6,161
			Preferred Stock		9/1/2023	236,110							236	236
			Preferred Stock	(8)	8/9/2021	1,280,000							6,400	6,400
													12,918	12,789
UnionRock Energy Fund II, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/15/2020	11.11%							3,552	5,724

UnionRock Energy Fund III, LP	(12) (13)	Investment Partnership
			LP Interests	(30)	6/6/2023	25.00%							4,993	6,332

UniTek Global Services, Inc.	(11)	Provider of Outsourced Infrastructure Services
			Secured Convertible Debt		1/1/2021		15.00%			15.00%	6/30/2028	1,846	1,846	4,021


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 Convertible Debt		1/1/2021		15.00%			15.00%	6/30/2028	905		905		1,972
			Preferred Stock	(8)	8/29/2019	1,133,102	20.00%			20.00%				2,880		2,880
			Preferred Stock		8/21/2018	1,521,122	20.00%			20.00%				2,188		3,838
			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								—		—
														19,410		12,711
Universal Wellhead Services Holdings, LLC	(10)	Provider of Wellhead Equipment, Designs, and Personnel to the Oil & Gas Industry
			Preferred Member Units	(29)	12/7/2016	716,949	14.00%			14.00%				1,032		—
			Member Units	(29)	12/7/2016	4,000,000								4,000		—
														5,032		—
Urgent DSO LLC		General and Emergency Dentistry Practice
			Secured Debt		2/16/2024		13.50%				2/28/2029	8,800		8,718		8,718
			Preferred Equity	(8)	2/16/2024	4,000	9.00%			9.00%				4,136		4,136
														12,854		12,854
World Micro Holdings, LLC		Supply Chain Management
			Secured Debt		12/12/2022		13.00%				12/12/2027	12,123		12,040		12,040
			Preferred Equity	(8)	12/12/2022	3,845								3,845		3,845
														15,885		15,885
Subtotal Affiliate Investments (29.2% of net assets at fair value)														$	679,571	$	752,764
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	$	—	$	(55)	$	—
			Secured Debt	(9) (26)	9/6/2022		11.44%	SF+	6.00%		9/6/2028	4,162		4,108		4,162
			Secured Debt	(9)	9/6/2022		11.44%	SF+	6.00%		9/6/2028	19,717		19,258		19,717
			Secured Debt	(9)	6/21/2023		11.44%	SF+	6.00%		9/6/2028	1,366		1,306		1,366
														24,617		25,245
Acumera, Inc.	(10)	Managed Security Service Provider
			Secured Debt	(9) (25)	6/7/2023			SF+	7.00%		6/7/2028	—		(1)		(1)
			Secured Debt	(9)	6/7/2023		12.44%	SF+	7.00%		6/7/2028	24,482		24,243		24,482
			Warrants	(35)	6/7/2023	17,525					5/19/2028			—		110
														24,242		24,591
Adams Publishing Group, LLC	(10)	Local Newspaper Operator
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	7.00%	1.00%	3/11/2027	7,880		7,880		7,582
			Secured Debt	(9) (33)	3/11/2022		11.00%	SF+	7.00%	1.00%	3/11/2027	20,033		20,000		19,253
														27,880		26,835
ADS Tactical, Inc.	(11)	Value-Added Logistics and Supply Chain Provider to the Defense Industry
			Secured Debt	(9)	3/29/2021		13.25%	P+	4.75%		3/19/2026	6,404		6,365		6,431


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)


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	1,920

American Health Staffing Group, Inc.	(10)	Healthcare Temporary Staffing
			Secured Debt	(9) (25)	11/19/2021			P+	5.00%		11/19/2026	—	(6)	(6)
			Secured Debt	(9)	11/19/2021		11.61%	SF+	6.00%		11/19/2026	6,517	6,485	6,517
													6,479	6,511
American Nuts, LLC	(10)	Roaster, Mixer and Packager of Bulk Nuts and Seeds
			Secured Debt	(9)	3/11/2022		15.20%	SF+	9.75%	15.20%	4/10/2026	6,977	6,938	5,787
			Secured Debt	(9)	3/11/2022		15.20%	SF+	9.75%	15.20%	4/10/2026	11,351	11,279	9,416
			Secured Debt	(9) (14)	3/11/2022		17.20%	SF+	11.75%	17.20%	4/10/2026	5,705	5,645	3,526
			Secured Debt	(9) (14)	3/11/2022		17.20%	SF+	11.75%	17.20%	4/10/2026	9,283	9,169	5,736
													33,031	24,465
American Teleconferencing Services, Ltd.	(11)	Provider of Audio Conferencing and Video Collaboration Solutions
			Secured Debt	(14) (17)	9/17/2021						4/7/2023	3,166	2,989	76
			Secured Debt	(14) (17)	5/19/2016						6/8/2023	15,489	13,757	374
													16,746	450
ArborWorks, LLC	(10)	Vegetation Management Services
			Secured Debt	(9)	11/6/2023		15.00%			15.00%	11/6/2028	3,817	3,817	3,817
			Secured Debt	(9)	11/6/2023		11.99%	SF+	6.50%	11.99%	11/6/2028	7,592	7,592	7,592
			Preferred Equity		11/6/2023	32,507							14,060	12,552
			Preferred Equity		11/6/2023	32,507							—	—
			Common Equity		11/9/2021	3,898							234	—
													25,703	23,961
Archer Systems, LLC	(10)	Mass Tort Settlement Administration Solutions Provider
			Common Stock		8/11/2022	1,387,832							1,388	2,210

ATS Operating, LLC	(10)	For-Profit Thrift Retailer
			Secured Debt	(9) (32)	1/18/2022		12.06%	SF+	6.50%		1/18/2027	756	756	756
			Secured Debt	(9)	1/18/2022		11.06%	SF+	5.50%		1/18/2027	6,660	6,660	6,660
			Secured Debt	(9)	1/18/2022		13.06%	SF+	7.50%		1/18/2027	6,660	6,660	6,660
			Common Stock		1/18/2022	720,000							720	720
													14,796	14,796
AVEX Aviation Holdings, LLC	(10)	Specialty Aircraft Dealer & MRO 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	(9) (25)	12/23/2022			SF+	7.25%		12/23/2027	—	(105)	(105)
			Secured Debt	(9)	12/23/2022		12.74%	SF+	7.25%		12/23/2027	24,383	23,699	24,378
			Common Equity	(8)	12/15/2021	984							965	892
													24,559	25,165
Berry Aviation, Inc.	(10)	Charter Airline Services
			Preferred Member Units		3/8/2024	286,109							286	878
			Preferred Member Units	(29)	11/12/2019	122,416							—	10
			Preferred Member Units	(29)	7/6/2018	1,548,387							—	110
													286	998
Bettercloud, Inc.	(10)	SaaS Provider of Workflow Management and Business Application Solutions
			Secured Debt	(9) (25)	6/30/2022			SF+	10.25%		6/30/2028	—	(55)	(55)
			Secured Debt	(9)	6/30/2022		15.60%	SF+	10.25%	9.25%	6/30/2028	30,342	29,989	28,880
													29,934	28,825
Binswanger Enterprises, LLC	(10)	Glass Repair and Installation Service Provider
			Member Units		3/10/2017	1,050,000							1,050	580

Bluestem Brands, Inc.	(11)	Multi-Channel Retailer of General Merchandise
			Secured Debt		1/9/2024		13.94%	SF+	8.50%	12.94%	8/28/2025	180	55	164
			Secured Debt	(9)	10/19/2022		16.00%	P+	7.50%	15.00%	8/28/2025	2,828	2,828	2,588
			Secured Debt	(9)	8/28/2020		13.94%	SF+	8.50%	12.94%	8/28/2025	3,923	3,504	3,589
			Common Stock		10/1/2020	723,184							1	—
			Warrants	(27)	10/19/2022	163,295					10/19/2032		1,036	—
													7,424	6,341
Bond Brand Loyalty ULC	(10) (13) (21)	Provider of Loyalty Marketing Services
			Secured Debt	(9) (25)	5/1/2023			SF+	7.00%		5/1/2028	—	(22)	(22)
			Secured Debt	(9)	5/1/2023		11.45%	SF+	6.00%		5/1/2028	6,357	6,259	6,357
			Secured Debt	(9)	5/1/2023		13.45%	SF+	8.00%		5/1/2028	6,357	6,259	6,357
			Preferred Equity		5/1/2023	571							571	500
			Common Equity		5/1/2023	571							—	—
													13,067	13,192
BP Loenbro Holdings Inc.	(10)	Specialty Industrial Maintenance Services
			Secured Debt	(9)	2/1/2024		11.44%	SF+	6.00%		2/1/2029	1,648	1,599	1,632
			Secured Debt	(9) (25)	2/1/2024			SF+	6.00%		2/1/2029	—	(25)	(25)
			Secured Debt	(9)	2/1/2024		11.43%	SF+	6.00%		2/1/2029	26,506	26,019	26,241
			Common Equity		2/1/2024	2,333,333							2,333	2,333
													29,926	30,181
Brainworks Software, LLC	(10)	Advertising Sales and Newspaper Circulation Software


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) (14) (17)	8/12/2014		15.75%	P+	7.25%		7/22/2019	761	761	761
			Secured Debt	(9) (14) (17)	8/12/2014		15.75%	P+	7.25%		7/22/2019	7,056	7,056	750
													7,817	1,511
Brightwood Capital Fund Investments	(12) (13)	Investment Partnership
			LP Interests (Brightwood Capital Fund III, LP)	(30)	7/21/2014	1.59%							5,870	3,614
			LP Interests (Brightwood Capital Fund IV, LP)	(8) (30)	10/26/2016	0.59%							4,300	4,308
			LP Interests (Brightwood Capital Fund V, LP)	(8) (30)	7/12/2021	0.72%							2,500	2,711
													12,670	10,633
Burning Glass Intermediate Holding Company, Inc.	(10)	Provider of Skills-Based Labor Market Analytics
			Secured Debt	(9) (25)	6/14/2021			SF+	5.00%		6/10/2026	—	(16)	—
			Secured Debt	(9)	6/14/2021		10.44%	SF+	5.00%		6/10/2028	19,885	19,684	19,885
													19,668	19,885
CAI Software LLC		Provider of Specialized Enterprise Resource Planning Software
			Preferred Equity		12/13/2021	2,142,167							2,142	2,227
			Preferred Equity		12/13/2021	596,176							—	—
													2,142	2,227
CaseWorthy, Inc.	(10)	SaaS Provider of Case Management Solutions
			Common Equity		12/30/2022	245,926							246	490
													246	490
Central Moloney, LLC	(10)	Manufacturer of Electricity Transformers and Related Equipment
			Secured Debt	(9)	2/9/2024		12.08%	SF+	6.75%		10/20/2028	39,801	39,067	39,404

Channel Partners Intermediateco, LLC	(10)	Outsourced Consumer Services Provider
			Secured Debt	(9) (32)	2/7/2022		12.58%	SF+	7.00%		2/7/2027	4,661	4,518	4,394
			Secured Debt	(9)	2/7/2022		12.55%	SF+	7.00%		2/7/2027	36,354	35,966	34,272
			Secured Debt	(9)	6/24/2022		12.55%	SF+	7.00%		2/7/2027	2,014	1,993	1,899
			Secured Debt	(9)	3/27/2023		12.55%	SF+	7.00%		2/7/2027	4,868	4,783	4,589
													47,260	45,154
Clarius BIGS, LLC	(10)	Prints & Advertising Film Financing
			Secured Debt	(14) (17)	9/23/2014						1/5/2015	2,677	2,677	16

Computer Data Source, LLC	(10)	Third Party Maintenance Provider to the Data Center Ecosystem


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) (32)	8/6/2021		13.47%	SF+	8.00%		8/6/2026	6,000	5,891	5,911
			Secured Debt	(9) (25)	3/29/2024			SF+	8.00%		8/6/2026	—	(149)	(149)
			Secured Debt	(9)	8/6/2021		13.47%	SF+	8.00%		8/6/2026	18,175	18,019	17,906
													23,761	23,668
Construction Supply Investments, LLC	(10)	Distribution Platform of Specialty Construction Materials to Professional Concrete and Masonry Contractors
			Member Units		12/29/2016	861,618							3,335	22,430

Coregistics Buyer LLC	(10) (21)	Contract Packaging Service Provider
			Secured Debt	(9)	6/29/2024			SF+	6.50%		6/28/2029	477	389	389
			Secured Debt	(9)	6/29/2024		11.83%	SF+	6.50%		6/28/2029	10,731	10,476	10,476
			Secured Debt	(9)	6/29/2024		12.01%	SF+	6.75%		6/28/2029	32,192	31,392	31,392
													42,257	42,257
CQ Fluency, LLC	(10)	Global Language Services Provider
			Secured Debt	(9) (25)	12/27/2023			SF+	7.00%		6/27/2027	—	(57)	(57)
			Secured Debt	(9) (25)	12/27/2023			SF+	7.00%		6/27/2027	—	(57)	(57)
			Secured Debt	(9)	12/27/2023		12.44%	SF+	7.00%		6/27/2027	11,109	10,829	11,001
													10,715	10,887
Creative Foam Corporation	(10)	Manufacturer of Custom Engineered Die Cut, Formed Foam, Nonwoven, and Multi-material Component Solutions For The Automotive and Healthcare Markets
			Secured Debt	(9) (25)	6/27/2024			SF+	5.75%		6/27/2029	—	(302)	(302)
			Secured Debt	(9)	6/27/2024		11.09%	SF+	5.75%		6/27/2029	107,625	105,508	105,508
													105,206	105,206
Dalton US Inc.	(10)	Provider of Supplemental Labor Services
			Common Stock		8/16/2022	515							720	830

DTE Enterprises, LLC	(10)	Industrial Powertrain Repair and Services
			Class AA Preferred Member Units (non-voting)	(8)	4/13/2018		10.00%			10.00%			1,316	855
			Class A Preferred Member Units		4/13/2018	776,316	8.00%			8.00%			776	—
													2,092	855
Dynamic Communities, LLC	(10)	Developer of Business Events and Online Community Groups
			Secured Debt	(9)	12/20/2022		11.44%	SF+	6.00%	11.44%	12/31/2026	2,184	2,026	2,026
			Secured Debt	(9)	12/20/2022		13.44%	SF+	8.00%	13.44%	12/31/2026	2,252	2,018	1,998
			Preferred Equity		12/20/2022	125,000							128	60
			Preferred Equity		12/20/2022	2,376,241							—	—
			Common Equity		12/20/2022	1,250,000							—	—
													4,172	4,084


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)

Dynata, LLC	(11)	Provider of Outsourced Online Surveying
			Secured Debt	(9)	6/17/2024		14.21%	SF+	8.75%		8/6/2024	646	635	653

Eastern Wholesale Fence LLC	(10)	Manufacturer and Distributor of Residential and Commercial Fencing Solutions
			Secured Debt	(9) (32)	11/19/2020		13.49%	SF+	8.00%		10/30/2025	2,826	2,792	2,692
			Secured Debt	(9)	11/19/2020		13.48%	SF+	8.00%		10/30/2025	4,402	4,371	4,193
			Secured Debt	(9)	11/19/2020		13.48%	SF+	8.00%		10/30/2025	8,781	8,713	8,364
			Secured Debt	(9)	4/20/2021		13.48%	SF+	8.00%		10/30/2025	1,821	1,809	1,735
			Secured Debt	(9)	10/14/2021		13.48%	SF+	8.00%		10/30/2025	9,964	9,899	9,492
													27,584	26,476
Emerald Technologies Acquisition Co, Inc.	(11)	Design & Manufacturing
			Secured Debt	(9)	2/10/2022		11.75%	SF+	6.25%		12/29/2027	9,716	9,535	8,744

EnCap Energy Fund Investments	(12) (13)	Investment Partnership
			LP Interests (EnCap Energy Capital Fund VIII, L.P.)	(8) (30)	1/22/2015	0.14%							3,567	1,843
			LP Interests (EnCap Energy Capital Fund VIII Co- Investors, L.P.)	(8) (30)	1/21/2015	0.38%							1,980	899
			LP Interests (EnCap Energy Capital Fund IX, L.P.)	(8) (30)	1/22/2015	0.10%							3,209	1,127
			LP Interests (EnCap Energy Capital Fund X, L.P.)	(8) (30)	3/25/2015	0.15%							7,142	6,081
			LP Interests (EnCap Energy Capital Fund XII, L.P.)	(30)	8/31/2023	0.41%							4,391	4,391
			LP Interests (EnCap Flatrock Midstream Fund II, L.P.)	(8) (30)	3/30/2015	0.84%							5,083	1,566
			LP Interests (EnCap Flatrock Midstream Fund III, L.P.)	(8) (30)	3/27/2015	0.25%							4,378	3,939
													29,750	19,846
Engineering Research & Consulting, LLC	(10)	Provider of Engineering & Consulting Services to US Department of Defense
			Secured Debt	(9) (32)	5/23/2022		14.00%	P+	5.50%		5/23/2027	328	298	328
			Secured Debt	(9)	5/23/2022		11.94%	SF+	6.50%		5/23/2028	16,052	15,845	15,827
													16,143	16,155
Escalent, Inc.	(10)	Market Research and Consulting Firm
			Secured Debt	(9) (25)	4/7/2023			SF+	8.00%		4/7/2029	—	(31)	(31)
			Secured Debt	(9)	4/7/2023		13.43%	SF+	8.00%		4/7/2029	26,180	25,554	26,180
			Common Equity		4/7/2023	649,794							663	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)

													26,186	26,929
Event Holdco, LLC	(10)	Event and Learning Management Software for Healthcare Organizations and Systems
			Secured Debt	(9)	12/22/2021		13.60%	SF+	8.00%		12/22/2026	3,692	3,674	3,692
			Secured Debt	(9)	12/22/2021		13.60%	SF+	8.00%	8.00%	12/22/2026	45,974	45,754	45,712
													49,428	49,404
Fuse, LLC	(11)	Cable Networks Operator
			Secured Debt		6/30/2019		12.00%				12/31/2026	1,810	1,810	1,076
			Common Stock		6/30/2019	10,429							256	—
													2,066	1,076
Garyline, LLC	(10)	Manufacturer of Consumer Plastic Products
			Secured Debt	(9) (32)	11/10/2023		11.93%	SF+	6.50%		11/10/2028	2,824	2,594	2,812
			Secured Debt	(9)	11/10/2023		11.93%	SF+	6.50%		11/10/2028	32,308	31,464	32,178
			Common Equity		11/10/2023	705,882							706	810
													34,764	35,800
GS HVAM Intermediate, LLC	(10)	Specialized Food Distributor
			Secured Debt	(9) (25)	10/18/2019			SF+	6.50%		11/30/2025	—	(9)	(9)
			Secured Debt	(25)	10/18/2019						11/30/2025	—	(5)	(5)
			Secured Debt	(9)	10/18/2019		11.94%	SF+	6.50%		11/30/2025	10,568	10,526	10,568
			Secured Debt	(9)	9/15/2023		11.94%	SF+	6.50%		11/30/2025	947	945	947
			Secured Debt	(9)	12/22/2023		11.94%	SF+	6.50%		11/30/2025	226	224	226
													11,681	11,727
GULF PACIFIC ACQUISITION, LLC	(10)	Rice Processor and Merchandiser
			Secured Debt	(9) (32)	9/30/2022		11.48%	SF+	6.00%		9/30/2028	707	693	703
			Secured Debt	(9)	9/30/2022		11.45%	SF+	6.00%		9/30/2028	299	286	297
			Secured Debt	(9)	9/30/2022		11.48%	SF+	6.00%		9/30/2028	3,597	3,545	3,561
													4,524	4,561
HDC/HW Intermediate Holdings	(10)	Managed Services and Hosting Provider
			Secured Debt	(9)	3/7/2024		9.10%	SF+	3.50%	2.50%	6/21/2026	2,393	2,264	2,264
			Secured Debt	(14)	3/7/2024		2.50%			2.50%	6/21/2026	1,626	713	638
			Common Equity		3/7/2024	64,029							—	—
													2,977	2,902
HEADLANDS OP-CO LLC	(10)	Clinical Trial Sites Operator
			Secured Debt	(9) (25)	8/1/2022			SF+	6.50%		8/1/2027	—	(42)	(42)
			Secured Debt	(9)	8/1/2022		11.84%	SF+	6.50%		8/1/2027	6,699	6,604	6,699
			Secured Debt	(9) (25)	6/3/2024			SF+	6.50%		8/1/2027	—	(66)	(66)
			Secured Debt	(9)	8/1/2022		11.84%	SF+	6.50%		8/1/2027	16,538	16,334	16,537
			Secured Debt	(9)	6/3/2024		11.83%	SF+	6.50%		8/1/2027	8,080	8,001	8,080
													30,831	31,208


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)

HOWLCO LLC	(11) (13) (21)	Provider of Accounting and Business Development Software to Real Estate End Markets
			Secured Debt	(9)	8/19/2021		11.98%	SF+	6.50%	3.50%	10/23/2026	25,778	25,778	25,494

Hybrid Promotions, LLC	(10)	Wholesaler of Licensed, Branded and Private Label Apparel
			Secured Debt	(9)	6/30/2021		15.81%	SF+	8.25%	2.00%	6/30/2026	7,236	7,127	7,196

IG Parent Corporation	(11)	Software Engineering
			Secured Debt	(9) (25)	7/30/2021			SF+	5.75%		7/30/2026	—	(16)	—
			Secured Debt	(9)	7/30/2021		11.19%	SF+	5.75%		7/30/2028	10,154	10,062	10,154
			Secured Debt	(9)	7/30/2021		11.19%	SF+	5.75%		7/30/2028	4,928	4,880	4,928
													14,926	15,082
Imaging Business Machines, L.L.C.	(10)	Technology Hardware & Equipment
			Secured Debt	(9)	6/8/2023		12.28%	SF+	7.00%		6/30/2028	791	718	791
			Secured Debt	(9)	6/8/2023		12.25%	SF+	7.00%		6/30/2028	20,663	20,175	20,663
			Common Equity		6/8/2023	849							1,166	1,150
													22,059	22,604
Implus Footcare, LLC	(10)	Provider of Footwear and Related Accessories
			Secured Debt	(9)	6/1/2017		14.24%	SF+	7.75%	1.00%	7/31/2025	18,647	18,640	17,852

Insight Borrower Corporation	(10)	Test, Inspection, and Certification Instrument Provider
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2028	—	(62)	(62)
			Secured Debt	(9) (25)	7/19/2023			SF+	6.25%		7/19/2029	—	(52)	(52)
			Secured Debt	(9)	7/19/2023		11.58%	SF+	6.25%		7/19/2029	14,334	13,973	13,782
			Common Equity		7/19/2023	131,100							656	370
													14,515	14,038
Inspire Aesthetics Management, LLC	(10)	Surgical and Non-Surgical Plastic Surgery and Aesthetics Provider
			Secured Debt	(9) (32)	4/3/2023		13.44%	SF+	8.00%		4/3/2028	790	773	723
			Secured Debt	(9)	4/3/2023		13.43%	SF+	8.00%		4/3/2028	7,271	7,129	6,651
			Secured Debt	(9)	6/14/2023		13.43%	SF+	8.00%		4/3/2028	2,925	2,872	2,675
			Common Equity		4/3/2023	131,569							417	90
													11,191	10,139
Interface Security Systems, L.L.C	(10)	Commercial Security & Alarm Services
			Secured Debt	(17) (32)	12/9/2021		15.44%	SF+	10.00%	15.43%	8/7/2023	1,922	1,922	1,767
			Secured Debt	(9) (14) (17)	8/7/2019		12.44%	SF+	7.00%	12.44%	8/7/2023	7,313	7,237	99


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		12/7/2021	2,143							—	—
													9,159	1,866
Invincible Boat Company, LLC.	(10)	Manufacturer of Sport Fishing Boats
			Secured Debt	(9) (25) (32)	8/28/2019			SF+	6.50%		8/28/2025	—	(2)	(2)
			Secured Debt	(9)	8/28/2019		11.98%	SF+	6.50%		8/28/2025	16,812	16,767	16,517
													16,765	16,515
INW Manufacturing, LLC	(11)	Manufacturer of Nutrition and Wellness Products
			Secured Debt	(9)	5/19/2021		11.35%	SF+	5.75%		3/25/2027	6,986	6,796	5,868

Isagenix International, LLC	(11)	Direct Marketer of Health & Wellness Products
			Secured Debt	(9)	4/13/2023		11.93%	SF+	6.50%	9.43%	4/14/2028	3,017	2,784	2,655
			Common Equity		4/13/2023	198,743							—	—
													2,784	2,655
Island Pump and Tank, LLC	(10)	Provider of Facility and Maintenance Services to Fuel Retailers in Northeast U.S.
			Secured Debt	(9) (25)	5/20/2024			SF+	6.50%		5/17/2029	—	(9)	(9)
			Secured Debt	(9)	5/20/2024		11.10%	SF+	5.50%		5/17/2029	1,735	1,703	1,703
			Secured Debt	(9)	5/20/2024		12.10%	SF+	6.50%		5/17/2029	1,735	1,703	1,703
			Secured Debt	(9)	5/20/2024		13.10%	SF+	7.50%		5/17/2029	1,735	1,703	1,703
													5,100	5,100
Jackmont Hospitality, Inc.	(10)	Franchisee of Casual Dining Restaurants
			Secured Debt	(9) (26)	10/26/2022		12.47%	SF+	7.00%		11/4/2024	825	820	823
			Secured Debt	(9)	2/27/2024		15.46%	SF+	10.00%		11/4/2024	425	415	425
			Secured Debt	(9)	11/8/2021		12.48%	SF+	7.00%		11/4/2024	1,922	1,922	1,918
			Preferred Equity		11/8/2021	2,826,667							110	870
													3,267	4,036
JDC Power Services, LLC	(10)	Provider of Electrical Equipment and Maintenance Services for Datacenters
			Secured Debt	(9) (25)	6/28/2024			SF+	6.75%		6/28/2029	—	(153)	(153)
			Secured Debt	(9)	6/28/2024		12.08%	SF+	6.75%		6/28/2029	52,789	51,491	51,491
													51,338	51,338
Joerns Healthcare, LLC	(11)	Manufacturer and Distributor of Health Care Equipment & Supplies
			Secured Debt	(9) (14)	8/21/2019		21.59%	SF+	16.00%	21.59%	8/21/2024	1,134	1,134	—
			Secured Debt	(9) (14)	8/21/2019		21.59%	SF+	16.00%	21.59%	8/21/2024	1,091	1,091	—
			Secured Debt	(9)	3/30/2024		14.35%	SF+	8.75%	6.00%	3/29/2029	1,975	1,975	1,975
			Secured Debt	(9)	3/30/2024		14.35%	SF+	8.75%	14.35%	3/29/2029	1,200	1,200	1,200
			Common Stock		8/21/2019	472,579							4,429	—
			Common Stock		3/29/2024	5,461,019							200	200


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)

													10,029	3,375
JTI Electrical & Mechanical, LLC	(10)	Electrical, Mechanical and Automation Services
			Secured Debt	(9) (32)	12/22/2021		11.83%	SF+	6.25%		12/22/2026	8,421	8,337	8,057
			Secured Debt	(9)	12/22/2021		11.83%	SF+	6.25%		12/22/2026	35,526	35,161	33,990
			Secured Debt	(9)	2/1/2024		11.83%	SF+	6.25%		12/22/2026	3,326	3,240	3,182
			Common Equity		12/22/2021	1,684,211							1,684	1,120
													48,422	46,349
KMS, LLC	(10)	Wholesaler of Closeout and Value-priced Products
			Secured Debt	(9)	10/4/2021		12.73%	SF+	7.25%		10/4/2026	1,028	1,002	968
			Secured Debt	(9)	10/4/2021		12.73%	SF+	7.25%		10/4/2026	7,410	7,340	6,974
													8,342	7,942
Lightbox Holdings, L.P.	(11)	Provider of Commercial Real Estate Software
			Secured Debt		5/9/2019		10.46%	SF+	5.00%		5/9/2026	15,607	15,504	15,139

LKCM Headwater Investments I, L.P.	(12) (13)	Investment Partnership
			LP Interests	(8) (30)	1/25/2013	2.27%							1,746	2,841

LL Management, Inc.	(10)	Medical Transportation Service Provider
			Secured Debt	(9)	5/2/2019		12.68%	SF+	7.25%		12/31/2025	8,623	8,530	8,623
			Secured Debt	(9)	5/2/2019		12.68%	SF+	7.25%		12/31/2025	5,512	5,452	5,512
			Secured Debt	(9)	11/20/2020		12.68%	SF+	7.25%		12/31/2025	2,892	2,861	2,892
			Secured Debt	(9)	2/26/2021		12.68%	SF+	7.25%		12/31/2025	1,124	1,112	1,124
			Secured Debt	(9)	5/12/2022		12.67%	SF+	7.25%		12/31/2025	11,382	11,256	11,382
													29,211	29,533
LLFlex, LLC	(10)	Provider of Metal-Based Laminates
			Secured Debt	(9)	8/16/2021		14.98%	SF+	9.00%	0.50%	8/16/2026	4,408	4,335	3,900

Logix Acquisition Company, LLC	(10)	Competitive Local Exchange Carrier
			Secured Debt	(9)	1/8/2018		13.25%	P+	4.75%		12/22/2024	24,809	24,269	19,266

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

Mako Steel, LP	(10)	Self-Storage Design & Construction
			Secured Debt	(9) (25)	3/15/2021			SF+	6.75%		3/15/2026	—	(21)	—
			Secured Debt	(9)	3/15/2021		12.99%	SF+	7.50%		3/15/2026	14,726	14,623	14,726
			Secured Debt	(9)	3/28/2024		12.99%	SF+	7.50%		3/15/2026	4,500	4,386	4,500


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

													18,988	19,226
Microbe Formulas, LLC	(10)	Nutritional Supplements Provider
			Secured Debt	(9) (25)	4/4/2022			SF+	6.25%		4/3/2028	—	(45)	(45)
			Secured Debt	(9)	4/4/2022		11.42%	SF+	6.00%		4/3/2028	21,448	21,171	21,448
													21,126	21,403
Mills Fleet Farm Group, LLC	(10)	Omnichannel Retailer of Work, Farm and Lifestyle Merchandise
			Secured Debt	(9)	10/24/2018		12.56%	SF+	7.00%		12/31/2026	22,495	22,139	22,135

Mini Melts of America, LLC	(10)	Manufacturer and Distributor of Branded Premium Beaded Ice Cream
			Secured Debt	(9) (32)	11/30/2023		11.58%	SF+	6.25%		11/30/2028	1,356	1,318	1,356
			Secured Debt	(9) (26)	11/30/2023		11.59%	SF+	6.25%		11/30/2028	1,034	1,008	1,034
			Secured Debt	(9)	11/30/2023		10.60%	SF+	5.25%		11/30/2028	4,929	4,824	4,929
			Secured Debt	(9)	11/30/2023		12.60%	SF+	7.25%		11/30/2028	4,929	4,820	4,929
			Common Equity		11/30/2023	459,657							460	460
													12,430	12,708
MonitorUS Holding, LLC	(10) (13) (21)	SaaS Provider of Media Intelligence Services
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	3,968	3,925	3,901
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	10,418	10,296	11,060
			Secured Debt		5/24/2022		14.00%			4.00%	5/24/2027	17,563	17,370	17,563
			Unsecured Debt		11/14/2023		8.00%			8.00%	3/31/2025	163	163	163
			Common Stock		8/30/2022	44,445,814							889	678
													32,643	33,365
NinjaTrader, LLC	(10)	Operator of Futures Trading Platform
			Secured Debt	(9) (25)	12/18/2019			SF+	7.00%		12/18/2026	—	(7)	(7)
			Secured Debt	(9)	12/18/2019		12.45%	SF+	7.00%		12/18/2026	28,605	28,319	28,605
													28,312	28,598
Obra Capital, Inc.	(10)	Provider of asset management services specialized in insurance-linked strategies
			Secured Debt	(9) (25)	6/21/2024			SF+	7.50%		12/21/2028	—	(4)	(4)
			Secured Debt	(9)	6/21/2024		12.95%	SF+	7.50%		6/21/2029	26,352	25,575	25,575
													25,571	25,571
OnPoint	(10)	Environmental & Facilities Services
			Secured Debt	(9)	4/1/2024		12.33%	SF+	7.00%		11/16/2027	3,880	3,845	3,845

Ospemifene Royalty Sub LLC	(10)	Estrogen-Deficiency Drug Manufacturer and Distributor
			Secured Debt	(14)	7/8/2013						11/15/2026	4,421	4,421	35


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)

Peaches Holding Corporation		Wholesale Provider of Consumer Packaging Solutions
			Common Equity		5/22/2024	3,226							7,221	7,221

Power System Solutions	(10)	Backup Power Generation
			Secured Debt	(9) (25)	6/7/2023			SF+	6.50%		6/7/2028	—	(73)	(73)
			Secured Debt	(9)	6/7/2023		11.84%	SF+	6.50%		6/7/2028	6,155	5,999	6,155
			Secured Debt	(9)	6/7/2023		11.82%	SF+	6.50%		6/7/2028	18,326	17,895	18,326
			Common Equity		6/7/2023	1,234							1,234	2,140
													25,055	26,548
PrimeFlight Aviation Services	(10)	Air Freight & Logistics
			Secured Debt	(9)	5/1/2023		10.83%	SF+	5.50%		5/1/2029	7,920	7,684	7,884
			Secured Debt	(9)	9/7/2023		10.83%	SF+	5.50%		5/1/2029	756	732	753
			Secured Debt	(9)	1/30/2024		10.83%	SF+	5.50%		5/1/2029	760	742	756
			Secured Debt	(9)	6/28/2024		10.58%	SF+	5.25%		5/1/2029	863	851	851
													10,009	10,244
PTL US Bidco, Inc	(10) (13) (21)	Manufacturers of Equipment, Including Drilling Rigs and Equipment, and Providers of Supplies and Services to Companies Involved In the Drilling, Evaluation and Completion of Oil and Gas Wells
			Secured Debt	(9) (32)	8/19/2022		12.24%	SF+	6.75%		8/19/2027	4,930	4,812	4,916
			Secured Debt	(9)	8/19/2022		12.34%	SF+	6.75%		8/19/2027	21,707	21,428	21,646
													26,240	26,562
Purge Rite, LLC	(10)	HVAC Flushing and Filtration Services
			Secured Debt	(9) (25)	10/2/2023			SF+	8.00%		10/2/2028	—	(42)	(42)
			Secured Debt	(9)	10/2/2023		13.57%	SF+	8.00%		10/2/2028	9,844	9,635	9,844
			Preferred Equity		10/2/2023	32,813							3,248	3,248
			Common Equity		4/1/2024	32,813							33	290
													12,874	13,340
RA Outdoors LLC	(10)	Software Solutions Provider for Outdoor Activity Management
			Secured Debt	(9)	4/8/2021		12.19%	SF+	6.75%		4/8/2026	1,278	1,272	1,222
			Secured Debt	(9)	4/8/2021		12.19%	SF+	6.75%		4/8/2026	13,369	13,300	12,786
													14,572	14,008
Richardson Sales Solutions	(10)	Business Services
			Secured Debt	(9) (32)	8/24/2023		11.82%	SF+	6.50%		8/24/2028	5,067	4,996	5,067
			Secured Debt	(9)	8/24/2023		11.82%	SF+	6.50%		8/24/2028	39,598	38,494	39,598
													43,490	44,665
Roof Opco, LLC	(10)	Residential Re-Roofing/Repair
			Secured Debt	(9) (25)	8/27/2021			SF+	6.50%		8/27/2026	—	(7)	—
			Secured Debt	(9)	8/27/2021		12.56%	SF+	7.00%	0.50%	8/27/2026	3,376	3,323	3,369


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)	8/27/2021		14.56%	SF+	9.00%	0.50%	8/27/2026	3,376	3,323	3,327
													6,639	6,696
Rug Doctor, LLC.	(10)	Carpet Cleaning Products and Machinery
			Secured Debt	(9)	7/16/2021		13.52%	SF+	6.00%	2.00%	11/16/2025	5,828	5,814	5,828
			Secured Debt	(9)	7/16/2021		13.52%	SF+	6.00%	2.00%	11/16/2025	7,787	7,741	7,787
													13,555	13,615
South Coast Terminals Holdings, LLC	(10)	Specialty Toll Chemical Manufacturer
			Secured Debt	(9) (25)	12/10/2021			SF+	6.00%		12/13/2026	—	(44)	(44)
			Secured Debt	(9)	12/10/2021		11.44%	SF+	6.00%		12/13/2026	33,249	32,922	33,249
			Common Equity		12/10/2021	864							864	835
													33,742	34,040
SPAU Holdings, LLC	(10)	Digital Photo Product Provider
			Secured Debt	(9)	7/1/2022		12.98%	SF+	7.50%		7/1/2027	1,533	1,495	1,533
			Secured Debt	(9)	7/1/2022		12.98%	SF+	7.50%		7/1/2027	15,648	15,458	15,648
			Common Stock		7/1/2022	638,710							639	610
													17,592	17,791
Stellant Systems, Inc.	(11)	Manufacturer of Traveling Wave Tubes and Vacuum Electronic Devices
			Secured Debt	(9)	10/22/2021		11.04%	SF+	5.50%		10/1/2028	7,936	7,892	7,970
			Secured Debt	(9)	11/7/2023		11.19%	SF+	5.75%		10/1/2028	9,131	8,899	9,171
													16,791	17,141
Team Public Choices, LLC	(11)	Home-Based Care Employment Service Provider
			Secured Debt	(9)	12/22/2020		10.58%	SF+	5.00%		12/18/2027	14,728	14,540	14,741

Tectonic Financial, LLC		Financial Services Organization
			Common Stock	(8)	5/15/2017	200,000							2,000	4,720

Tex Tech Tennis, LLC	(10)	Sporting Goods & Textiles
			Preferred Equity	(29)	7/7/2021	1,000,000							1,000	2,680

Titan Meter Midco Corp.	(10)	Value Added Distributor of a Variety of Metering and Measurement Products and Solutions to the Energy Industry
			Secured Debt	(9) (25)	3/11/2024			SF+	6.50%		3/11/2029	—	(118)	(118)
			Secured Debt	(9)	3/11/2024		11.83%	SF+	6.50%		3/11/2029	34,098	32,983	33,417
			Preferred Equity		3/11/2024	1,218,750							1,219	1,219
													34,084	34,518
U.S. TelePacific Corp.	(11)	Provider of Communications and Managed Services
			Secured Debt	(9) (14)	6/1/2023		12.50%	SF+	7.15%	6.00%	5/2/2027	9,871	3,628	4,025
			Secured Debt	(14)	6/1/2023						5/2/2027	1,003	20	—
													3,648	4,025


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)

UserZoom Technologies, Inc.	(10)	Provider of User Experience Research Automation Software
			Secured Debt	(9)	1/11/2023		12.81%	SF+	7.50%		4/5/2029	4,000	3,909	4,000

Veregy Consolidated, Inc.	(11)	Energy Service Company
			Secured Debt	(9) (25)	11/9/2020			SF+	5.25%		11/3/2025	—	(296)	(296)
			Secured Debt	(9)	11/9/2020		11.59%	SF+	6.00%		11/3/2027	17,740	17,523	17,794
													17,227	17,498
Vistar Media, Inc.	(10)	Operator of Digital Out-of-Home Advertising Platform
			Preferred Stock		4/3/2019	70,207							767	2,320

Vitesse Systems	(10)	Component Manufacturing and Machining Platform
			Secured Debt	(9) (38)	12/22/2023		12.59%				12/22/2028	5,409	5,272	5,372
			Secured Debt	(9)	12/22/2023		12.46%	SF+	7.00%		12/22/2028	42,288	41,352	42,000
													46,624	47,372
VORTEQ Coil Finishers, LLC	(10)	Specialty Coating of Aluminum and Light-Gauge Steel
			Common Equity	(8)	11/30/2021	1,038,462							1,038	2,570

Wall Street Prep, Inc.	(10)	Financial Training Services
			Secured Debt	(9) (25)	7/19/2021			SF+	7.00%		7/19/2026	—	(3)	(3)
			Secured Debt	(9)	7/19/2021		12.45%	SF+	7.00%		7/19/2026	3,414	3,385	3,414
			Common Stock		7/19/2021	400,000							400	880
													3,782	4,291
Watterson Brands, LLC	(10)	Facility Management Services
			Secured Debt	(9)	12/17/2021		11.73%	SF+	6.25%		12/17/2026	2,223	2,200	2,223
			Secured Debt	(9)	12/17/2021		11.73%	SF+	6.25%		12/17/2026	384	365	384
			Secured Debt	(9)	12/17/2021		11.73%	SF+	6.25%		12/17/2026	15,805	15,680	15,805
			Secured Debt	(9)	12/17/2021		11.73%	SF+	6.25%		12/17/2026	12,642	12,541	12,642
													30,786	31,054
West Star Aviation Acquisition, LLC	(10)	Aircraft, Aircraft Engine and Engine Parts
			Secured Debt	(9) (26)	3/1/2022		10.33%	SF+	5.00%		3/1/2028	2,393	2,355	2,393
			Secured Debt	(9)	3/1/2022		10.33%	SF+	5.00%		3/1/2028	10,604	10,463	10,604
			Secured Debt	(9)	11/3/2023		10.33%	SF+	5.00%		3/1/2028	5,277	5,179	5,277
			Common Stock	(8)	3/1/2022	1,541,400							1,541	4,580
													19,538	22,854
Winter Services LLC	(10)	Provider of Snow Removal and Ice Management Services
			Secured Debt	(9)	11/19/2021		13.56%	SF+	8.00%		11/19/2026	667	618	655


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)	11/19/2021		13.56%	SF+	8.00%		11/19/2026	1,874		1,851		1,841
			Secured Debt	(9)	1/16/2024		12.56%	SF+	7.00%		11/19/2026	7,240		7,102		7,112
			Secured Debt	(9)	1/16/2024		14.56%	SF+	9.00%		11/19/2026	7,240		7,102		7,112
														16,673		16,720
Xenon Arc, Inc.	(10)	Tech-enabled Distribution Services to Chemicals and Food Ingredients Primary Producers
			Secured Debt	(9)	12/17/2021		11.44%	SF+	6.00%		12/20/2028	23,936		23,635		23,935
			Secured Debt	(9)	12/17/2021		11.43%	SF+	6.00%		12/20/2028	37,635		37,205		37,635
														60,840		61,570
YS Garments, LLC	(11)	Designer and Provider of Branded Activewear
			Secured Debt	(9)	8/22/2018		12.92%	SF+	7.50%		8/9/2026	11,092		10,890		10,290

Zips Car Wash, LLC	(10)	Express Car Wash Operator
			Secured Debt	(9)	2/11/2022		12.69%	SF+	7.25%	1.50%	12/31/2024	17,351		17,351		16,633
			Secured Debt	(9)	2/11/2022		12.69%	SF+	7.25%	1.50%	12/31/2024	4,343		4,343		4,164
														21,694		20,797
ZRG Partners, LLC	(10)	Talent Advisory Services Provider
			Secured Debt	(9) (25)	6/14/2024			SF+	6.00%		6/14/2029	$	—	(206)		(206)
			Secured Debt	(9) (25)	6/14/2024			SF+	6.00%		6/14/2029	$	—	(181)		(181)
			Secured Debt	(9)	6/14/2024		11.26%	SF+	6.00%		6/14/2029	$	6,626	6,496		6,496
			Secured Debt	(9)	6/14/2024		11.33%	SF+	6.00%		6/14/2029	$	47,498	46,564		46,564
														52,673		52,673
Subtotal Non-Control/Non-Affiliate Investments (74.0% of net assets at fair value)														$	1,949,642	$	1,909,318
Total Portfolio Investments, June 30, 2024 (183.5% of net assets at fair value)														$	4,114,074	$	4,737,511










Money market funds (included in cash and cash equivalents)
Dreyfus Government Cash Management (36)														$	2,226	$	2,226
Fidelity Government Fund (37)														2,307		2,307
Fidelity Treasury (31)														1,353		1,353
Total money market funds														$	5,885	$	5,885

(1)All investments are Lower Middle Market portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Lower Middle Market portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Company’s Corporate Facility or SPV Facility (each as defined in Note B.5. — Summary of Significant Accounting Policies —Deferred Financing Costs, and together the “Credit Facilities”) or in support of the SBA-guaranteed debentures issued by the Funds.

(28)A majority of the variable rate loans in the Company’s Investment Portfolio (defined below) bear interest at a rate that may be determined by reference to either SOFR (“SF”) or an alternate Base Rate (commonly based on the Federal Funds Rate or the Prime Rate (“P”)), which typically resets every one, three, or six months at the borrower’s option. SOFR based contracts may include a credit spread adjustment (the “Adjustment”) that is charged in addition to the stated spread. The Adjustment is applied when the SOFR rate, plus the Adjustment, exceeds the stated floor rate, as applicable. As of June 30, 2024, SOFR based contracts in the portfolio had Adjustments ranging from 0.10% to 0.43%.


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)	8/16/2019		15.38%	SF+	10.00%		8/16/2024	$	220	$	219	$	219
			Secured Debt	(9)	8/16/2019		15.38%	SF+	10.00%		8/16/2024	4,125		4,084		4,084
			Preferred Member Units		5/20/2021	2,427								2,427		4,860
			Preferred Member Units		8/16/2019	3,200	14.13%							3,200		—
			Warrants	(27)	8/16/2019	420					8/16/2029			316		—
														10,246		9,163
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
			Preferred Member Units		6/28/2023	178								178		266
			Member Units		8/1/2013	1,500								1,500		100
														3,727		2,363
ATS Workholding, LLC	(10)	Manufacturer of Machine Cutting Tools and Accessories
			Secured Debt	(14)	11/16/2017		5.00%				9/1/2024	2,090		2,080		328
			Secured Debt	(14)	11/16/2017		5.00%				9/1/2024	3,015		2,841		473
			Preferred Member Units		11/16/2017	3,725,862								3,726		—
														8,647		801
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		4,140
														2,295		4,851
Batjer TopCo, LLC		HVAC Mechanical Contractor
			Secured Debt	(25)	3/7/2022						3/7/2027	—		(6)		—
			Secured Debt		3/7/2022		10.00%				3/7/2027	270		270		270
			Secured Debt		3/7/2022		10.00%				3/7/2027	10,575		10,508		10,575
			Preferred Stock	(8)	3/7/2022	4,073								4,095		6,150
														14,867		16,995
Bolder Panther Group, LLC		Consumer Goods and Fuel Retailer
			Secured Debt	(9) (22)	12/31/2020		14.48%	SF+	9.11%		10/31/2027	96,556		96,078		96,556
			Class B Preferred Member Units	(8)	12/31/2020	140,000	8.00%							14,000		31,020
														110,078		127,576
Brewer Crane Holdings, LLC		Provider of Crane Rental and Operating Services
			Secured Debt	(9)	1/9/2018		15.46%	L+	10.00%		1/9/2025	5,498		5,498		5,498
			Preferred Member Units	(8)	1/9/2018	2,950								4,280		5,620
														9,778		11,118


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)
Bridge Capital Solutions Corporation	Financial Services and Cash Flow Solutions Provider
		Secured Debt		7/25/2016		13.00%				12/11/2024	8,813	8,813	8,813
		Secured Debt		7/25/2016		13.00%				12/11/2024	1,000	1,000	1,000
		Warrants	(27)	7/25/2016	82					7/25/2026		2,132	4,290
		Preferred Member Units	(8) (29)	7/25/2016	17,742							1,000	1,000
												12,945	15,103
Café Brazil, LLC	Casual Restaurant Group
		Member Units	(8)	6/9/2006	1,233							1,742	1,980

California Splendor Holdings LLC	Processor of Frozen Fruits
		Secured Debt	(8) (9)	3/30/2018		15.69%	SF+	10.00%		7/29/2026	28,000	27,965	27,655
		Preferred Member Units	(8)	7/31/2019	3,671	15.00%			15.00%			4,601	4,601
		Preferred Member Units	(8)	3/30/2018	6,157							10,775	15,695
												43,341	47,951
CBT Nuggets, LLC	Produces and Sells IT Training Certification Videos
		Member Units	(8)	6/1/2006	416							1,300	50,130

Centre Technologies Holdings, LLC	Provider of IT Hardware Services and Software Solutions
		Secured Debt	(9) (25)	1/4/2019			SF+	9.00%		1/4/2026	—	—	—
		Secured Debt	(9)	1/4/2019		14.48%	SF+	9.00%		1/4/2026	17,574	17,512	17,574
		Preferred Member Units		1/4/2019	13,309							6,122	11,040
												23,634	28,614
Chamberlin Holding LLC	Roofing and Waterproofing Specialty Contractor
		Secured Debt	(9) (25)	2/26/2018			SF+	6.00%		2/26/2026	—	(195)	—
		Secured Debt	(9)	2/26/2018		13.49%	SF+	8.00%		2/26/2026	15,620	15,617	15,620
		Member Units	(8)	2/26/2018	4,347							11,440	29,320
		Member Units	(8) (29)	11/2/2018	1,047,146							1,773	2,860
												28,635	47,800
Charps, LLC	Pipeline Maintenance and Construction
		Unsecured Debt		8/26/2020		10.00%				1/31/2026	5,694	4,678	5,694
		Preferred Member Units	(8)	2/3/2017	1,829							1,963	15,690
												6,641	21,384
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	8,560	8,560	8,422
		Secured Debt		12/20/2016		10.00%				12/20/2036	1,013	1,004	1,004
		Member Units	(8)	12/20/2016	717							7,280	5,200


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	(29)	12/20/2016	800							509	1,129
													17,353	15,755
Cody Pools, Inc.		Designer of Residential and Commercial Pools
			Secured Debt	(25)	3/6/2020						12/17/2026	—	(11)	—
			Secured Debt		3/6/2020		12.50%				12/17/2026	42,073	42,042	42,073
			Preferred Member Units	(8) (29)	3/6/2020	587							8,317	72,470
													50,348	114,543
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	22,050	21,946	21,627
			Preferred Member Units		6/27/2023	960							960	2,400
			Preferred Member Units		3/31/2021	17,280							7,680	7,680
													30,586	31,707
CompareNetworks Topco, LLC		Internet Publishing and Web Search Portals
			Secured Debt	(9) (17) (25)	1/29/2019			SF+	9.00%		1/29/2022	—	—	—
			Secured Debt	(9)	1/29/2019		14.48%	SF+	9.00%		1/29/2024	3,454	3,454	3,454
			Preferred Member Units	(8)	1/29/2019	1,975							1,975	14,450
													5,429	17,904
Compass Systems & Sales, LLC		Designer of End-to-End Material Handling Solutions
			Secured Debt	(25)	11/22/2023						11/22/2028	—	—	—
			Secured Debt		11/22/2023		13.50%				11/22/2028	17,200	17,034	17,034
			Preferred Equity		11/22/2023	7,454							7,454	7,454
													24,488	24,488
Copper Trail Fund Investments	(12) (13)	Investment Partnership
			LP Interests (CTMH, LP)	(8) (30)	7/17/2017	38.75%							568	568

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	28,638	28,389	28,389
			Preferred Member Units		5/5/2023	556							15,000	15,000
													43,389	43,389
Datacom, LLC		Technology and Telecommunications Provider
			Secured Debt		3/1/2022		7.50%				12/31/2025	450	447	447
			Secured Debt		3/31/2021		10.00%				12/31/2025	8,352	8,073	7,587
			Preferred Member Units		3/31/2021	9,000							2,610	70
													11,130	8,104
Digital Products Holdings LLC		Designer and Distributor of Consumer Electronics
			Secured Debt	(9)	4/1/2018		15.38%	SF+	10.00%		4/27/2026	14,873	14,758	14,690


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	(8)	4/1/2018	3,857							9,501	9,835
												24,259	24,525
Direct Marketing Solutions, Inc.	Provider of Omni-Channel Direct Marketing Services
		Secured Debt		2/13/2018		14.00%				2/13/2026	1,233	1,174	1,233
		Secured Debt		12/27/2022		14.00%				2/13/2026	25,543	25,457	25,543
		Preferred Stock	(8)	2/13/2018	8,400							8,400	20,740
												35,031	47,516
Elgin AcquireCo, LLC	Manufacturer and Distributor of Engine and Chassis Components
		Secured Debt	(9) (25)	10/3/2022			SF+	6.00%		10/3/2027	—	(7)	(7)
		Secured Debt		10/3/2022		12.00%				10/3/2027	18,773	18,632	18,632
		Secured Debt		10/3/2022		9.00%				10/3/2052	6,313	6,252	6,252
		Common Stock		10/3/2022	285							5,726	6,090
		Common Stock	(29)	10/3/2022	939							1,558	1,670
												32,161	32,637
Gamber-Johnson Holdings, LLC	Manufacturer of Ruggedized Computer Mounting Systems
		Secured Debt	(9) (25) (41)	6/24/2016			SF+	7.50%		1/1/2028	—	—	—
		Secured Debt	(9) (41)	12/15/2022		10.50%	SF+	7.50%		1/1/2028	54,078	53,813	54,078
		Member Units	(8)	6/24/2016	9,042							17,692	96,710
												71,505	150,788
Garreco, LLC	Manufacturer and Supplier of Dental Products
		Secured Debt	(9) (42)	7/15/2013		9.50%	SF+	8.00%		1/31/2024	3,088	3,088	3,088
		Member Units		7/15/2013	1,200							1,200	1,580
												4,288	4,668
GRT Rubber Technologies LLC	Manufacturer of Engineered Rubber Products
		Secured Debt		12/21/2018		11.48%	SF+	6.00%		10/29/2026	2,400	2,394	2,400
		Secured Debt		12/19/2014		13.48%	SF+	8.00%		10/29/2026	40,493	40,360	40,493
		Member Units		12/19/2014	5,879							13,065	44,440
												55,819	87,333
Gulf Manufacturing, LLC	Manufacturer of Specialty Fabricated Industrial Piping Products
		Member Units	(8)	8/31/2007	438							2,980	9,070

Gulf Publishing Holdings, LLC	Energy Industry Focused Media and Publishing
		Secured Debt	(9) (25)	9/29/2017			SF+	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	2,460
		Member Units		4/29/2016	3,681							3,681	—


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)
													11,681	4,744
Harris Preston Fund Investments	(12) (13)	Investment Partnership
			LP Interests (2717 MH, L.P.)	(8) (30)	10/1/2017	49.26%							3,345	6,050
			LP Interests (2717 HPP-MS, L.P.)	(30)	3/11/2022	49.26%							248	315
													3,593	6,365
Harrison Hydra-Gen, Ltd.		Manufacturer of Hydraulic Generators
			Common Stock		6/4/2010	107,456							718	4,660

IG Investor, LLC		Military and Other Tactical Gear
			Secured Debt	(25)	6/21/2023						6/21/2028	—	(35)	(35)
			Secured Debt		6/21/2023		13.00%				6/21/2028	37,264	36,934	36,934
			Common Equity		6/21/2023	14,400							14,400	14,400
													51,299	51,299
Jensen Jewelers of Idaho, LLC		Retail Jewelry Store
			Secured Debt	(17) (25)	8/29/2017			P+	6.75%		11/14/2023	—	—	—
			Secured Debt	(9) (17)	11/14/2006		15.25%	P+	6.75%		11/14/2023	1,998	1,998	1,998
			Member Units	(8)	11/14/2006	627							811	12,420
													2,809	14,418
JorVet Holdings, LLC		Supplier and Distributor of Veterinary Equipment and Supplies
			Secured Debt		3/28/2022		12.00%				3/28/2027	25,650	25,483	25,483
			Preferred Equity	(8)	3/28/2022	107,406							10,741	10,741
													36,224	36,224
KBK Industries, LLC		Manufacturer of Specialty Oilfield and Industrial Products
			Secured Debt		2/24/2023		9.00%				2/24/2028	4,700	4,662	4,700
			Member Units	(8)	1/23/2006	325							783	22,770
													5,445	27,470
Kickhaefer Manufacturing Company, LLC		Precision Metal Parts Manufacturing
			Secured Debt		10/31/2018		12.00%				10/31/2026	19,799	19,774	19,774
			Secured Debt		10/31/2018		9.00%				10/31/2048	3,840	3,805	3,805
			Preferred Equity		10/31/2018	581							12,240	9,690
			Member Units	(29)	10/31/2018	800							992	2,730
													36,811	35,999
Metalforming Holdings, 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	23,623	23,623
			Preferred Equity	(8)	10/19/2022	5,915,585	8.00%			8.00%			6,035	6,035
			Common Stock		10/19/2022	1,537,219							1,537	1,500


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 4 (unaudited) and December 31, 2023	1
	Consolidated Statements of Operations (unaudited)—Three and six months ended June 30 , 202 4 and 2023	2
	Consolidated Statements of Changes in Net Assets (unaudited)—Three and s ix months ended June 30 , 2024 and 2023	3
	Consolidated Statements of Cash Flows (unaudited)—S ix months ended June 30 , 2024 and 2023	4
	Consolidated Schedule of Investments (unaudited)—June 30 , 2024	5
	Consolidated Schedule of Investments—December 31, 2023	35
	Notes to Consolidated Financial Statements (unaudited)	66
	Consolidated Schedules of Investments in and Advances to Affiliates (unaudited)—Six months ended June 30 , 2024 and 2023	108
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	126
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	145
Item 4.	Controls and Procedures	146
	PART II
	OTHER INFORMATION
Item 1.	Legal Proceedings	147
Item 1A.	Risk Factors	147
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	147
Item 5.	Other Information	147
Item 6.	Exhibits	149
	Signatures	150


þ			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