Consolidated Schedule of Investments in and Advances to Affiliates

v3.26.3

Consolidated Schedule of Investments in and Advances to Affiliates	9 Months Ended
	Sep. 30, 2026
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Consolidated Schedule of Investments in and Advances to Affiliates	Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Majority-Owned Investments Analytical Systems Keco Holdings, LLC 13.25% Secured Debt (8) $ —  $ —  $ 381  $ 3,860  $ 9  $ 253  $ 3,616  Preferred Member Units (8) —  400  —  120  400  —  520  Preferred Member Units (8) —  80  —  6,030  80  —  6,110  Warrants (8) —  —  —  —  —  —  —  BDB Holdings, LLC Preferred Equity (7) —  (7,450) —  12,640  —  7,450  5,190  12.00% Secured Debt (7) —  —  224  1,773  1,839  —  3,612  Bettercloud, Inc. SF+ 10.77% Secured Debt (6) —  —  310  6,017  2,307  8,324  —  Common Equity (6) (5,704) 1,200  —  15,690  1,200  16,890  —  Brewer Crane Holdings, LLC 13.79% SF+ 10.00% Secured Debt (9) —  35  534  5,016  40  —  5,056  Preferred Member Units (9) —  (410) 90  3,460  —  410  3,050  15.00% 15.00% Preferred Member Units (9) —  —  45  336  37  —  373  California Splendor Holdings LLC 14.00% Secured Debt (9) —  138  2,746  25,638  145  —  25,783  Secured Debt (9) —  —  3  (11) 3  —  (8) Preferred Member Units (9) —  1,840  —  12,801  1,840  —  14,641  15.00% 15.00% Preferred Member Units (9) —  —  1,726  12,569  4,725  —  17,294  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  12  —  —  —  —  9.00% Secured Debt (5) —  (20) 688  9,480  20  1,156  8,344  10.00% Secured Debt (5) —  (1) 69  929  1  37  893  Member Units (5) —  1,150  929  14,120  1,150  —  15,270  Member Units (5) —  240  —  1,270  240  —  1,510  Cody Pools, Inc. 13.50% Secured Debt (8) —  (4) 181  —  6,747  2,533  4,214  13.50% Secured Debt (8) —  (104) 3,396  34,901  104  1,387  33,618  Preferred Member Units (8) —  (3,900) 847  65,060  —  3,900  61,160  CompareNetworks Topco, LLC 14.79% SF+ 11.00% Secured Debt (9) —  (58) 452  4,031  3  95  3,939  Preferred Member Units (9) —  (4,480) —  7,650  —  4,480  3,170  Compass Systems & Sales, LLC Secured Debt (5) —  —  4  (15) 4  —  (11) 13.50% Secured Debt (5) —  139  1,680  16,961  175  2,200  14,936  Preferred Equity (5) —  274  180  7,180  662  —  7,842  Cybermedia Technologies, LLC Secured Debt (6) —  —  8  —  —  —  —  13.00% Secured Debt (6) —  (250) 2,654  27,076  45  1,375  25,746  Preferred Member Units (6) —  —  188  —  —  —  —  Preferred Equity (6) —  (600) —  6,340  —  600  5,740  Datacom, LLC 10.00% Secured Debt (8) —  —  64  675  712  239  1,148  10.00% Secured Debt (8) —  (2,365) 587  4,169  —  2,467  1,702  Preferred Member Units (8) —  —  —  —  —  —  —  Direct Marketing Solutions, Inc. Secured Debt (12) (9) —  24  148  1,785  1,615  3,400  —  Secured Debt (9) —  (3) 281  23,082  —  23,082  —  14.00% Secured Debt (9) —  300  4,840  —  43,857  670  43,187  Preferred Stock (9) —  10,688  8  19,760  15,488  160  35,088  Gamber-Johnson Holdings, LLC 11.19% SF+ 7.50% Secured Debt (5) —  —  108  —  1,600  —  1,600  11.19% SF+ 7.50% Secured Debt (5) —  (15) 6,469  70,526  4,455  15  74,966  Member Units (5) —  7,260  3,399  113,810  7,260  —  121,070  Member Units (5) —  —  —  396  —  92  304  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Garreco, LLC Member Units (8) —  (560) —  1,830  —  560  1,270  GRT Rubber Technologies LLC 9.79% SF+ 6.00% Secured Debt (8) —  (3) 236  3,146  3  3  3,146  11.79% SF+ 8.00% Secured Debt (8) —  (35) 3,657  40,493  35  35  40,493  Member Units (8) —  (6,180) 1,779  46,360  —  6,180  40,180  IG Investor, LLC 13.00% Secured Debt (12) (6) —  (6) 116  1,600  6  806  800  13.00% Secured Debt (6) —  (63) 3,370  35,064  63  3,263  31,864  Common Equity (6) —  7,040  —  28,030  7,040  —  35,070  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  —  —  —  —  —  13.50% P+ 6.75% Secured Debt (9) —  —  32  878  —  490  388  Member Units (9) —  730  971  11,540  730  —  12,270  Kickhaefer Manufacturing Company, LLC 11.50% Secured Debt (5) —  99  962  10,195  12,309  10,995  11,509  9.00% Secured Debt (5) —  30  264  3,878  32  40  3,870  Preferred Equity (5) —  4,560  591  17,180  4,560  —  21,740  Member Units (5) —  60  54  4,190  60  —  4,250  MSC Adviser I, LLC Member Units (8) —  (32,320) 7,527  255,020  —  32,320  222,700  NRP Jones, LLC Secured Debt (5) (1,250) 1,687  —  474  1,688  2,162  —  Member Units (5) (3,823) 3,823  —  —  3,823  3,823  —  Member Units (5) (114) 114  —  —  114  114  —  Preferred Equity (5) (482) 482  —  —  482  482  —  Common Equity (5) —  —  65  928  —  —  928  OMi Topco, LLC 12.00% Secured Debt (8) —  (8) 2,647  29,000  8  8  29,000  Member Units (8) —  1,720  9,249  77,900  1,720  —  79,620  Principle Environmental, LLC Secured Debt (8) —  (17) 391  4,897  —  4,897  —  13.00% Secured Debt (8) —  62  138  —  6,397  —  6,397  Preferred Member Units (8) —  (1,070) 3,108  15,740  —  1,070  14,670  Common Stock (8) —  (50) —  750  —  50  700  Quality Lease Service, LLC Member Units (7) 248  54  —  460  302  285  477  Robbins Bros. Jewelry, Inc. Secured Debt (9) —  —  123  (62) —  17  (79) 12.50% 10.00% Secured Debt (9) —  99  —  14,029  —  543  13,486  Preferred Equity (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC 11.50% Secured Debt (7) —  —  98  —  1,600  —  1,600  Secured Debt (7) —  (41) 240  9,000  —  9,000  —  13.50% Secured Debt (7) —  198  2,780  —  31,280  —  31,280  Common Stock (7) —  12,414  511  14,920  13,780  —  28,700  Common Equity (7) —  —  —  696  —  —  696  9.00% Secured Debt (7) —  (3) 142  2,040  3  3  2,040  9.00% Secured Debt (7) —  6  102  —  2,100  —  2,100  9.00% Secured Debt (7) —  1  20  —  400  —  400  Victory Energy Operations, LLC Secured Debt (12) (8) —  —  198  836  2,589  3,446  (21) 13.00% Secured Debt (8) —  —  4,836  47,889  82  1,723  46,248  Preferred Equity (8) —  2,940  462  23,380  2,940  —  26,320  Volusion, LLC Secured Debt (8) —  —  142  2,100  —  2,100  —  Preferred Member Units (8) (14,000) 14,000  —  —  14,000  14,000  —  Preferred Member Units (8) 1,586  (1,080) —  2,910  1,586  4,496  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Common Stock (8) (2,576) 2,576  —  —  2,576  2,576  —  Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  20  150  350  —  500  12.00% Secured Debt (8) —  (575) 159  1,687  —  575  1,112  Preferred Member Units (8) —  (50) —  50  —  50  —  Other Controlled Investments American Nuts, LLC Preferred Equity (9) $ —  $ (470) $ —  $ 4,250  $ —  $ 470  $ 3,780  12.38% SF+ 8.50% 12.38% Secured Debt (9) —  (67) 788  8,161  787  67  8,881  12.38% SF+ 8.50% 12.38% Secured Debt (9) —  287  788  6,582  1,075  —  7,657  12.38% SF+ 8.50% 12.38% Secured Debt (9) —  —  20  —  331  —  331  ASC Interests, LLC Secured Debt (8) —  —  10  400  —  400  —  Secured Debt (8) —  30  37  1,502  31  1,533  —  Preferred Member Units (8) (88) 178  —  —  178  178  —  Member Units (8) (1,500) 1,500  —  —  1,500  1,500  —  Batjer TopCo, LLC Secured Debt (8) —  (1) 4  —  271  271  —  10.00% Secured Debt (8) —  (15) 760  9,945  16  353  9,608  Preferred Stock (8) —  750  951  8,750  750  —  9,500  Bolder Panther Group, LLC 12.00% SF+ 8.31% Secured Debt (9) —  (99) 9,333  101,046  99  99  101,046  8.00% Class B Preferred Member Units (9) —  910  2,401  31,190  910  —  32,100  Secured Debt (9) —  —  37  —  —  —  —  Bridge Capital Solutions Corporation Preferred Member Units (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  CBT Nuggets, LLC Member Units (9) —  (9,030) 825  47,930  —  9,030  38,900  Centre Technologies Holdings, LLC SF+ 8.00% Secured Debt (8) —  —  8  —  240  240  —  SF+ 8.00% Secured Debt (8) —  (26) 1,409  24,085  6,826  30,911  —  Preferred Member Units (8) 46,401  (36,324) 2,441  42,710  46,401  89,111  —  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (9) 26  —  9  9  —  11.86% SF+ 8.00% Secured Debt (8) —  (60) 3,787  42,020  60  860  41,220  Member Units (8) —  12,530  4,467  35,530  12,530  —  48,060  Member Units (8) —  20  69  4,170  20  —  4,190  Charps, LLC 14.00% Unsecured Debt (5) —  (78) 674  5,694  78  78  5,694  Preferred Member Units (5) —  (1,310) 500  16,020  —  1,310  14,710  Colonial Electric Company LLC Secured Debt (12) (6) —  —  6  —  —  —  —  9.00% Secured Debt (6) —  65  631  8,779  —  —  8,779  Preferred Member Units (6) —  8,060  3,755  16,830  8,060  —  24,890  Computer Data Source, LLC SF+ 10.25% Secured Debt (6) (3,281) 406  —  8,394  —  8,394  —  Secured Debt (6) —  —  49  —  —  —  —  SF+ 10.25% Secured Debt (6) (8,006) 1,015  —  20,352  —  20,352  —  Member Units (6) —  —  —  —  15,640  —  15,640  SF+ 5.50% Secured Debt (12) (6) —  —  —  —  —  —  —  10.00% SF+ 5.50% 10.00% Secured Debt (6) —  —  —  —  5,000  —  5,000  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  65  —  390  65  75  380  Digital Products Holdings LLC 13.69% SF+ 10.00% Secured Debt (5) —  606  1,229  11,338  567  660  11,245  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Preferred Member Units (5) —  —  150  9,835  —  —  9,835  Doral Holdings, LLC Preferred Equity (5) —  19,990  1,650  15,740  19,990  —  35,730  11.00% Secured Debt (5) —  148  2,182  26,270  230  6,000  20,500  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (5) —  —  6  (3) 1  —  (2) 12.00% Secured Debt (5) —  (62) 1,543  16,719  26  179  16,566  9.00% Secured Debt (5) —  —  420  6,156  3  43  6,116  Common Stock (5) —  (970) —  5,050  —  970  4,080  Common Stock (5) —  210  —  3,270  210  —  3,480  Flame King Holdings, LLC Preferred Equity (9) —  (1,860) 2,729  54,630  —  1,860  52,770  11.00% Secured Debt (9) —  (97) 6,050  66,000  97  97  66,000  Common Equity (9) —  (58) 131  —  3,929  58  3,871  Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 671  (561) —  1,795  670  1,332  1,133  LP Interests (2717 HPP-MS, L.P.) (12) (8) —  (375) 282  447  —  375  72  LP Interests (2717 GRE-LP, L.P.) (8) —  75  —  441  75  —  516  LP Interests (423 COR, L.P.) (8) —  (462) —  5,244  —  462  4,782  Harrison Hydra-Gen, Ltd. Common Stock (8) —  (440) —  7,080  —  440  6,640  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  2,155  23,263  35  348  22,950  Preferred Equity (9) —  3,830  603  10,990  3,830  —  14,820  JTI Electrical & Mechanical, LLC 9.89% SF+ 6.00% 9.89% Secured Debt (9) —  (23,012) —  36,429  —  23,013  13,416  15.00% 15.00% Secured Debt (9) —  (939) —  939  —  939  —  SF+ 5.00% Secured Debt (9) (6,529) —  —  6,316  —  6,316  —  Common Equity (9) —  —  —  —  1,069  —  1,069  KBK Industries, LLC Member Units (5) 17,327  (17,396) 1,603  18,180  17,326  35,506  —  Secured Debt (5) —  —  —  —  —  —  —  Secured Debt (5) —  (34) 51  7,200  34  7,234  —  Legacy Swim Group 13.00% Secured Debt (7) —  —  3,203  31,691  48  —  31,739  Preferred Equity (7) —  —  186  14,996  —  —  14,996  13.00% Secured Debt (12) (7) —  —  87  —  790  —  790  Metalforming Holdings, LLC Secured Debt (7) —  3  19  —  —  —  —  9.75% Secured Debt (7) —  (25) 1,198  17,237  25  25  17,237  8.00% 8.00% Preferred Equity (7) —  —  371  5,916  —  —  5,916  Common Stock (7) —  900  999  9,770  900  —  10,670  Midstream Valve Partners, LLC 14.00% Secured Debt (8) —  —  1,142  —  28,720  —  28,720  Preferred Member Units (8) —  —  —  —  10,285  —  10,285  Moffitt Holdings, LLC 13.00% Secured Debt (8) —  —  3,337  33,840  59  1,313  32,586  Preferred Equity (8) —  1,300  8  15,560  1,300  —  16,860  MS Private Loan Fund I, LP 6.69% SF+ 3.00% Secured Debt (12) (8) —  —  713  12,000  11,440  6,130  17,310  LP Interests (8) —  (502) 943  14,697  —  502  14,195  MS Private Loan Fund II, LP SF+ 3.00% Secured Debt (12) (8) —  —  38  (84) 520  500  (64) LP Interests (12) (8) —  174  1,371  11,064  2,424  —  13,488  MSC Income Fund, Inc. Common Equity (8) —  (2,543) 1,459  21,412  5,601  2,543  24,470  SF+ 4.50% Secured Debt (12) (8) —  —  121  —  23,873  24,000  (127) Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) MVI MSO, LLC 13.00% Secured Debt (6) —  —  986  9,768  14  —  9,782  Preferred Equity (6) —  (1,340) 152  4,770  —  1,340  3,430  NAPCO Precast, LLC Member Units (8) —  (4,220) 280  14,480  —  4,220  10,260  Member Units (8) —  116  25  568  302  —  870  Nello Industries Investco, LLC Secured Debt (5) —  (205) 550  32,072  —  32,072  —  12.50% Secured Debt (5) —  173  3,605  —  41,344  —  41,344  Preferred Equity (5) —  15,960  654  23,330  15,960  —  39,290  NexRev LLC Preferred Member Units (8) —  (70) 60  12,870  —  70  12,800  NuStep, LLC 10.29% SF+ 6.50% Secured Debt (5) —  —  227  1,000  1,600  —  2,600  12.00% Secured Debt (5) —  —  1,731  18,440  —  238  18,202  Preferred Member Units (5) —  (1,970) —  12,200  —  1,970  10,230  Preferred Member Units (5) —  550  —  6,110  550  —  6,660  Orttech Holdings, LLC SF+ 11.00% Secured Debt (5) —  —  16  612  —  612  —  14.79% SF+ 11.00% Secured Debt (5) —  180  2,362  20,760  208  —  20,968  Preferred Stock (5) —  (2,780) 180  13,450  —  2,780  10,670  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (2) 8  —  2  2  —  13.00% Secured Debt (8) —  (51) 2,635  27,200  51  2,371  24,880  Preferred Equity (8) —  (200) 879  20,440  —  200  20,240  PPL RVs, Inc. SF+ 8.75% Secured Debt (8) —  (1) 1  —  1  1  —  12.54% SF+ 8.75% Secured Debt (8) —  (27) 1,473  15,191  27  27  15,191  Common Stock (8) —  (1,220) —  17,330  —  1,220  16,110  Common Stock (8) —  103  23  575  103  —  678  River Aggregates, LLC Member Units (8) (75) 130  25  9,700  130  —  9,830  Shift Transit ParentCo, LP Preferred Equity (5) —  —  125  —  12,000  —  12,000  13.00% Secured Debt (5) —  —  1,416  —  17,641  —  17,641  13.00% Secured Debt (5) —  —  811  —  10,109  —  10,109  13.00% Secured Debt (12) (5) —  —  146  —  1,736  1,000  736  Spring Engineering Holdings, LLC 13.00% Secured Debt (7) —  —  2,323  —  23,187  —  23,187  Preferred Member Units (7) —  —  161  —  4,650  —  4,650  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (82) 518  962  518  82  1,398  12.00% 12.00% Secured Debt (9) —  3,456  —  2,827  3,455  —  6,282  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  (4,822) —  4,822  —  4,822  —  Preferred Member Units (8) —  (303) —  1,794  —  303  1,491  Preferred Member Units (8) —  408  —  —  681  —  681  Trinity Medical Holdings, LLC 13.00% Secured Debt (7) —  468  5,855  57,944  556  —  58,500  Preferred Equity (7) —  16,649  450  22,500  16,650  —  39,150  VVS Holdco LLC 9.79% SF+ 6.00% Secured Debt (5) —  —  16  —  400  —  400  11.50% Secured Debt (5) —  —  2,067  23,956  36  1,200  22,792  Preferred Equity (5) —  —  —  12,240  —  —  12,240  Other Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Amounts related to investments transferred to or from other 1940 Act classification during the period —  9,366  —  (28,746) —  —  —  Total Control investments $ 18,805  $ 1,235  $ 177,756  $ 2,569,626  $ 596,286  $ 527,943  $ 2,666,715  Affiliate Investments AAC Holdings, Inc. 20.00% 20.00% Secured Debt (7) $ —  $ —  $ 145  $ 895  $ 145  $ —  $ 1,040  Preferred Equity (7) —  (2,080) —  2,080  —  2,080  —  20.00% 20.00% Secured Debt (7) —  (2,137) —  2,756  —  2,137  619  20.00% 20.00% Secured Debt (7) —  (2,137) —  2,756  —  2,137  619  Common Stock (7) —  —  —  —  —  —  —  21.00% 21.00% Secured Debt (7) —  97  173  503  701  —  1,204  21.00% 21.00% Secured Debt (7) —  325  154  —  1,772  —  1,772  21.00% 21.00% Secured Debt (12) (7) —  —  2  —  194  —  194  BLI Acquisition, LLC 14.00% Secured Debt (7) —  —  1,519  —  13,086  —  13,086  Member Units (7) —  —  —  —  2,100  —  2,100  Boccella Precast Products LLC Secured Debt (6) —  —  35  256  —  256  —  Member Units (6) 384  (564) 80  2,820  384  3,204  —  Buca C, LLC 15.00% 15.00% Secured Debt (7) —  —  —  —  —  —  —  6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  —  15.00% 15.00% Secured Debt (7) —  (111) —  —  111  111  —  Career Team Holdings, LLC SF+ 6.00% Secured Debt (12) (6) —  —  23  (45) 458  450  (37) 13.00% Secured Debt (6) —  —  2,222  21,551  —  11  21,540  Common Stock (6) —  (204) —  5,370  240  204  5,406  CenterPeak Holdings, LLC Secured Debt (8) —  (6) 141  1,800  6  1,806  —  Secured Debt (8) —  (4) 2,086  25,107  4  25,111  —  Preferred Equity (8) —  5,080  5,790  24,340  5,080  —  29,420  CGMS Parent LLC 13.00% Secured Debt (6) —  —  2,474  24,754  41  469  24,326  Secured Debt (12) (6) —  —  21  (39) 6  —  (33) Preferred Equity (6) —  —  424  10,000  —  —  10,000  Classic H&G Holdings, LLC Preferred Member Units (6) —  90  —  2,040  90  —  2,130  Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  812  —  24  812  —  836  Connect Telecommunications Solutions Holdings, Inc. 13.00% Secured Debt (6) —  —  2,327  24,153  46  1,621  22,578  Preferred Equity (6) —  (1,436) —  12,596  —  1,436  11,160  DMA Industries, LLC 13.00% Secured Debt (7) —  (10) 1,176  12,800  10  10  12,800  Preferred Equity (7) —  6,820  —  9,174  6,820  —  15,994  13.00% Secured Debt (7) —  20  365  560  4,082  —  4,642  15.00% 15.00% Preferred Equity (7) —  3,520  445  5,424  3,957  —  9,381  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  (1,057) —  8,027  —  1,194  6,833  LP Interests (Dos Rios Partners - A, LP) (8) —  (336) —  2,549  —  379  2,170  Dos Rios Stone Products LLC Class A Preferred Units (8) —  —  —  —  —  —  —  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) (84) 47  —  37  47  84  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) FCC Intermediate Holdco, LLC 13.00% Secured Debt (5) —  (676) 3,667  31,160  676  1,906  29,930  Warrants (5) —  (1,940) 540  15,140  —  1,940  13,200  Freeport Financial Funds LP Interests (Freeport Financial SBIC Fund LP) (5) —  (302) —  1,600  —  1,090  510  LP Interests (Freeport First Lien Loan Fund III LP) (5) —  —  —  193  —  147  46  FRG AcquireCo, LLC Secured Debt (12) (7) —  —  11  (19) 5  —  (14) 12.50% Secured Debt (7) —  —  928  10,402  39  3,018  7,423  Preferred Equity (7) —  —  —  3,500  —  —  3,500  GFG Group, LLC 10.50% Secured Debt (5) —  105  1,207  14,053  120  —  14,173  Preferred Member Units (5) —  2,120  454  10,940  2,120  —  13,060  Gulf Manufacturing, LLC 11.82% SF+ 8.13% Secured Debt (8) —  (60) 309  (32) 6,007  60  5,915  11.82% SF+ 8.13% Secured Debt (8) —  —  3,538  36,784  235  1,000  36,019  Member Units (8) —  (3,190) 367  6,600  —  3,190  3,410  Common Stock (8) —  700  (71) 1,450  700  —  2,150  Preferred Equity (8) —  —  —  5,190  —  —  5,190  Harris Preston Fund Investments LP Interests (423 HAR, L.P.) (8) —  76  —  1,226  76  —  1,302  LP Interests (HPEP 3, L.P.) (12) (8) —  (203) —  4,116  —  455  3,661  LP Interests (HPEP 4, L.P.) (12) (8) —  1,172  —  7,463  2,457  —  9,920  Hawk Ridge Systems, LLC Secured Debt (9) —  —  —  3,219  —  3,219  —  SF+ 6.00% Secured Debt (12) (9) —  19  54  —  3,347  3,347  —  Secured Debt (9) —  —  —  45,256  —  45,256  —  12.50% Secured Debt (9) —  223  4,841  —  49,871  —  49,871  Secured Debt (9) —  —  —  —  —  —  —  12.50% Secured Debt (9) —  37  134  —  7,635  —  7,635  Preferred Member Units (9) —  390  —  26,310  390  —  26,700  Preferred Member Units (9) —  30  —  1,380  30  —  1,410  Houston Plating and Coatings, LLC 10.00% Unsecured Convertible Debt (8) —  25  232  3,000  —  —  3,000  Member Units (8) —  (530) 163  3,720  200  530  3,390  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (530) —  19,000  —  530  18,470  Infinity X1 Holdings, LLC Preferred Equity (9) —  13,610  3,989  8,010  13,610  —  21,620  11.00% Secured Debt (9) —  (5) 1,222  15,299  5  4,345  10,959  Secured Debt (12) (9) —  —  54  —  4,000  4,000  —  Integral Energy Services 11.49% SF+ 7.50% Secured Debt (8) —  (52) 1,111  12,042  —  204  11,838  10.00% 10.00% Preferred Equity (8) —  —  22  420  22  —  442  Common Stock (8) —  70  —  350  70  —  420  10.00% 10.00% Preferred Equity (8) —  86  —  404  86  —  490  Iron-Main Investments, LLC Secured Debt (5) —  —  260  4,500  —  4,500  —  Secured Debt (5) —  —  169  2,931  —  2,931  —  Secured Debt (5) —  —  488  8,944  —  8,944  —  Secured Debt (5) —  —  1,009  17,569  —  17,569  —  Secured Debt (5) —  —  639  9,421  —  9,421  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) 13.00% Secured Debt (5) —  —  2,872  —  51,015  —  51,015  Secured Debt (12) (5) —  —  11  —  —  15  (15) Common Stock (5) —  370  —  2,700  370  —  3,070  25.00% 25.00% Preferred Equity (5) —  210  —  1,030  210  —  1,240  25.00% 25.00% Preferred Equity (5) —  —  —  155  —  —  155  25.00% 25.00% Preferred Equity (5) —  —  —  —  136  —  136  ITA Holdings Group, LLC 10.90% SF+ 7.00% Secured Debt (8) —  (3) 101  1,180  3  3  1,180  SF+ 7.00% Secured Debt (8) —  (15) 327  5,310  —  5,310  —  11.38% SF+ 7.50% Secured Debt (8) —  (198) 607  4,935  198  198  4,935  13.38% SF+ 9.50% Secured Debt (8) —  (198) 607  4,935  198  198  4,935  12.38% SF+ 8.50% Secured Debt (8) —  5  300  1,770  5,310  —  7,080  12.38% SF+ 8.50% Secured Debt (8) —  1  185  —  3,540  —  3,540  Warrants (8) —  (3,300) 1,688  15,230  —  3,300  11,930  Kennedy Fab HoldCo, LLC Secured Debt (8) —  —  33  —  —  —  —  Secured Debt (8) —  —  1,803  —  30,000  30,000  —  Secured Debt (8) —  —  789  —  20,000  20,000  —  Preferred Equity (8) —  3,980  467  —  15,470  —  15,470  KMS, LLC 12.50% Secured Debt (5) —  18  120  1,146  27  —  1,173  12.50% Secured Debt (5) —  —  88  1,007  —  276  731  Preferred Equity (5) —  —  237  6,270  —  —  6,270  SF+ 5.50% Secured Debt (12) (5) —  29  53  (40) 1,343  1,303  —  Mills Fleet Farm Group, LLC 9.32% SF+ 5.50% 9.32% Secured Debt (5) —  58  197  2,796  255  —  3,051  9.21% SF+ 5.50% 9.21% Secured Debt (5) —  34  121  1,664  156  —  1,820  Preferred Equity (5) —  848  845  12,557  1,693  —  14,250  MoneyThumb Acquisition, LLC 12.50% Secured Debt (9) —  —  912  7,696  175  1,775  6,096  12.00% 12.00% Preferred Member Units (9) —  1,183  180  2,112  1,364  —  3,476  Warrants (9) —  410  —  800  410  —  1,210  Nearshore AcquireCo, LLC Secured Debt (12) (8) —  —  13  (24) 1,504  1,500  (20) Secured Debt (8) —  —  9  (61) 10  —  (51) 13.00% Secured Debt (8) —  —  2,192  21,688  33  —  21,721  Preferred Equity (8) —  740  —  5,260  740  —  6,000  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  445  —  141  444  —  585  12.00% 12.00% Secured Debt (8) —  453  —  144  453  —  597  12.00% 12.00% Secured Debt (8) —  976  —  309  976  —  1,285  12.00% 12.00% Secured Debt (8) —  2,037  —  645  2,037  —  2,682  10.00% 10.00% Unsecured Debt (8) —  —  —  —  —  —  —  7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Oneliance, LLC Preferred Stock (7) —  (270) 102  3,270  —  270  3,000  RA Outdoors LLC 10.63% SF+ 6.75% 1.42% Secured Debt (8) —  (105) 118  1,182  118  105  1,195  10.63% SF+ 6.75% 1.42% Secured Debt (8) —  (1,095) 1,237  12,355  1,237  1,095  12,497  10.58% SF+ 6.75% Secured Debt (8) —  (113) 27  —  492  113  379  10.58% SF+ 6.75% Secured Debt (8) —  (110) 26  —  479  110  369  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Revenue Recovery Holdings, LLC Secured Debt (12) (7) —  —  9  (18) 3  —  (15) 13.00% Secured Debt (7) —  —  659  6,640  15  1,250  5,405  Preferred Equity (7) —  1,371  —  1,049  1,371  —  2,420  RFG AcquireCo, LLC 13.00% Secured Debt (7) —  —  37  (7) 1,004  —  997  13.00% Secured Debt (7) —  —  1,166  7,932  3,983  —  11,915  Secured Debt (7) —  —  300  33,700  —  33,700  —  13.00% Secured Debt (7) —  —  4,312  —  41,410  —  41,410  Preferred Equity (7) —  3,880  —  12,771  3,880  —  16,651  SI East, LLC 11.85% Secured Debt (12) (7) —  (10) 219  2,250  3  10  2,243  12.79% Secured Debt (7) —  (81) 6,514  66,850  25  612  66,263  Preferred Member Units (7) —  (4,120) 277  17,190  —  4,120  13,070  Slick Innovations, LLC 12.00% Secured Debt (6) —  (69) 2,475  24,680  69  4,229  20,520  Common Stock (6) —  1,280  —  2,160  1,280  —  3,440  Specialized Aviation Holdings, LLC Secured Debt (7) —  —  1,909  28,362  263  28,625  —  Preferred Stock (7) —  —  633  15,000  —  —  15,000  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (211) —  1,438  —  211  1,227  8.50% 8.50% Secured Debt (6) —  72  12  780  83  —  863  Superior Rigging & Erecting Co. Preferred Member Units (7) —  2,960  1,052  17,500  2,960  —  20,460  The Affiliati Network, LLC Preferred Stock (9) —  —  384  6,400  —  —  6,400  Preferred Stock (9) —  —  —  313  —  —  313  UnionRock Energy Fund II, LP LP Interests (12) (9) —  499  —  4,164  1,026  275  4,915  UnionRock Energy Fund III, LP LP Interests (12) (9) —  631  —  5,165  2,754  271  7,648  UniTek Global Services, Inc. 20.00% 20.00% Preferred Stock (6) —  1,820  —  9,388  1,820  —  11,208  19.00% 19.00% Preferred Stock (6) —  —  —  —  —  —  —  13.50% 13.50% Preferred Stock (6) —  —  —  —  —  —  —  Urgent DSO LLC 13.50% Secured Debt (5) —  (191) 914  8,672  14  191  8,495  Preferred Equity (5) —  (3,584) —  4,356  —  3,584  772  Watterson Brands, LLC Secured Debt (12) (6) —  —  2  —  —  —  —  6.00% 6.00% Secured Debt (6) —  (365) 206  —  13,480  365  13,115  Common Shares (6) —  —  —  —  —  —  —  12.00% 12.00% Preferred Shares (6) —  (290) —  —  4,840  290  4,550  Secured Debt (6) (955) 733  —  1,595  —  1,595  —  Secured Debt (6) (161) 119  —  275  —  275  —  Secured Debt (6) (6,759) 5,214  —  11,314  —  11,313  1  Secured Debt (6) (5,407) 4,169  —  9,049  —  9,050  (1) Wildcats Topco LLC Common Equity (5) —  3,759  328  22,760  3,760  —  26,520  World Micro Holdings, LLC 13.00% Secured Debt (7) —  —  941  9,848  18  1,318  8,548  Preferred Equity (7) —  —  111  3,845  —  —  3,845  Other Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2025 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2026 Fair Value (13) Amounts related to investments transferred to or from other 1940 Act classification during the period 13,272  (10,236) —  (22,233) —  —  —  Total Affiliate investments $ 290  $ 31,644  $ 83,666  $ 965,179  $ 356,350  $ 327,157  $ 1,016,605  ___________________________ (1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2)Represents the total amount of interest, dividends and fees credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred to or from other 1940 Act classifications during the period.” (3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $642,857. This represented 20.0% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $189,602. This represented 5.9% of net assets as of September 30, 2026. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $166,741. This represented 5.2% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $170,463. This represented 5.3% of net assets as of September 30, 2026. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $282,930. This represented 8.8% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $285,572. This represented 8.9% of net assets as of September 30, 2026. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $1,020,898. This represented 31.8% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $222,715. This represented 6.9% of net assets as of September 30, 2026. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $553,289. This represented 17.2% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $148,253. This represented 4.6% of net assets as of September 30, 2026. (10)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12)Investment has an unfunded commitment as of September 30, 2026 (see Note K — Commitments and Contingencies). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Majority-Owned Investments BDB Holdings, LLC Preferred Equity (7) $ —  $ (2,860) $ —  $ 18,920  $ —  $ 2,860  $ 16,060  12.00% Secured Debt (12) (7) —  —  35  —  1,173  —  1,173  Brewer Crane Holdings, LLC 14.41% SF+ 10.00% Secured Debt (9) —  —  549  5,016  —  —  5,016  Preferred Member Units (9) —  (1,290) 90  4,680  —  1,290  3,390  Preferred Member Units (9) —  —  12  —  324  —  324  Café Brazil, LLC Member Units (8) (707) 542  84  1,200  542  1,742  —  California Splendor Holdings LLC 14.00% Secured Debt (9) —  388  2,864  28,465  601  3,292  25,774  Secured Debt (12) (9) —  —  48  1,506  21  1,539  (12) Preferred Member Units (9) —  (6,940) 188  22,215  —  6,940  15,275  15.00% 15.00% Preferred Member Units (9) —  —  1,241  10,909  1,241  —  12,150  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  2  —  —  —  —  Secured Debt (5) —  (36) 392  6,760  —  6,760  —  10.00% Secured Debt (5) —  80  195  —  9,800  160  9,640  10.00% Secured Debt (5) —  (1) 72  973  1  34  940  Member Units (5) —  3,130  1,157  10,990  3,130  —  14,120  Member Units (5) —  320  —  950  320  —  1,270  Cody Pools, Inc. Secured Debt (12) (8) —  6  218  —  843  843  —  12.50% Secured Debt (8) —  1  3,630  39,227  3,371  2,783  39,815  Preferred Member Units (8) —  (1,330) 1,713  67,810  —  1,330  66,480  CompareNetworks Topco, LLC SF+ 9.00% Secured Debt (9) —  —  339  2,903  —  2,903  —  13.41% SF+ 9.00% Secured Debt (9) —  —  10  —  4,431  —  4,431  Preferred Member Units (9) —  (3,080) —  11,260  —  3,080  8,180  Compass Systems & Sales, LLC Secured Debt (5) —  —  4  (21) 4  —  (17) 13.50% Secured Debt (5) —  (139) 1,786  17,067  25  138  16,954  Preferred Equity (5) —  (270) 180  7,450  —  270  7,180  Cybermedia Technologies, LLC Secured Debt (6) —  —  8  —  —  —  —  13.00% Secured Debt (6) —  (531) 2,728  27,116  42  621  26,537  Preferred Member Units (6) —  (15,000) 188  15,000  —  15,000  —  Preferred Equity (6) —  1,960  —  —  4,460  100  4,360  Datacom, LLC 7.50% Secured Debt (8) —  —  50  493  767  585  675  10.00% Secured Debt (8) —  (2,257) 706  7,947  102  2,460  5,589  Preferred Member Units (8) —  (600) —  240  360  600  —  Direct Marketing Solutions, Inc. 14.00% Secured Debt (9) —  (22) 53  —  1,042  22  1,020  14.00% Secured Debt (9) —  (29) 2,504  23,902  29  849  23,082  Preferred Stock (9) —  1,150  —  17,930  1,150  —  19,080  Gamber-Johnson Holdings, LLC SF+ 7.50% Secured Debt (12) (5) —  —  5  —  —  —  —  11.50% SF+ 7.50% Secured Debt (12) (5) —  (38) 6,384  73,126  38  2,438  70,726  Member Units (5) —  1,910  5,388  114,750  1,910  —  116,660  Garreco, LLC Member Units (8) —  (230) —  2,060  —  230  1,830  GRT Rubber Technologies LLC 10.41% SF+ 6.00% Secured Debt (12) (8) —  (3) 252  3,146  3  3  3,146  12.41% SF+ 8.00% Secured Debt (8) —  (35) 3,862  40,493  35  35  40,493  Member Units (8) —  930  4,280  45,890  930  —  46,820  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (8) —  —  —  —  —  —  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Secured Debt (8) (231) 782  —  1,518  623  2,141  —  Preferred Equity (8) (5,600) 5,600  —  —  5,600  5,600  —  Member Units (8) (3,681) 3,681  —  —  3,681  3,681  —  IG Investor, LLC 13.00% Secured Debt (12) (6) —  22  173  1,572  28  —  1,600  13.00% Secured Debt (6) —  192  3,512  35,257  247  440  35,064  Common Equity (6) —  4,540  —  16,230  4,540  —  20,770  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  —  —  —  —  —  14.25% P+ 6.75% Secured Debt (9) —  —  144  1,498  —  470  1,028  Member Units (9) —  (280) 804  11,820  —  280  11,540  MSC Adviser I, LLC Member Units (8) —  20,350  8,393  246,000  20,350  —  266,350  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  3  —  —  —  —  10.00% Secured Debt (6) —  (5) 441  5,746  5  5  5,746  Common Stock (6) —  410  2,864  26,370  410  —  26,780  NRP Jones, LLC 12.00% Secured Debt (5) —  (137) 205  2,178  6  138  2,046  Member Units (5) —  (2,417) —  2,696  —  2,417  279  Member Units (5) —  (83) —  94  —  83  11  Preferred Equity (5) —  756  —  —  1,238  —  1,238  Common Equity (5) —  —  —  —  1,200  272  928  OMi Topco, LLC Secured Debt (8) —  (30) 207  9,000  —  9,000  —  Secured Debt (8) —  —  434  —  —  —  —  Secured Debt (8) —  —  781  —  —  —  —  12.00% Secured Debt (8) —  39  11  —  24,000  —  24,000  Preferred Member Units (8) —  5,180  20,699  72,720  5,180  —  77,900  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  497  4,861  14  —  4,875  Preferred Member Units (8) —  2,100  1,186  12,600  2,100  —  14,700  Common Stock (8) —  100  —  600  100  —  700  Quality Lease Service, LLC Member Units (7) —  —  —  460  —  —  460  Robbins Bros. Jewelry, Inc. Secured Debt (9) —  —  27  (39) —  17  (56) 12.50% 10.00% Secured Debt (9) —  224  —  14,562  —  417  14,145  Preferred Equity (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  3  (1) —  —  (1) 13.50% Secured Debt (7) —  —  831  7,855  20  —  7,875  Common Stock (7) —  4,780  87  8,570  4,780  —  13,350  Victory Energy Operations, LLC Secured Debt (12) (8) —  —  97  (33) 1,728  1,723  (28) 13.00% Secured Debt (8) —  —  4,829  47,792  73  —  47,865  Preferred Equity (8) —  399  427  22,686  399  215  22,870  Volusion, LLC 10.00% Secured Debt (8) —  —  159  2,100  —  —  2,100  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) 22  (1,627) —  7,003  22  3,356  3,669  Preferred Member Units (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  3  —  150  —  150  12.00% Secured Debt (8) —  (63) 160  1,750  —  64  1,686  Preferred Member Units (8) —  (190) —  320  —  190  130  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Warrants (8) —  —  —  —  —  —  —  Other Controlled Investments 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) $ 5,466  $ (4,836) $ —  $ 8,818  $ 4,046  $ 11,069  $ 1,795  LP Interests (2717 HPP-MS, L.P.) (8) —  64  —  383  64  —  447  LP Interests (2717 GRE-LP, L.P.) (8) —  —  —  441  —  —  441  HPEP 423 COR, LP LP Interests (423 COR, L.P.) (8) —  1,057  —  4,187  1,057  —  5,244  American Nuts, LLC Preferred Equity (9) —  (2,840) —  —  8,970  2,840  6,130  12.94% SF+ 8.50% 12.94% Secured Debt (9) —  —  506  —  7,906  —  7,906  12.94% SF+ 8.50% 12.94% Secured Debt (9) —  —  506  —  7,906  —  7,906  Analytical Systems Keco Holdings, LLC Secured Debt (8) —  —  —  —  —  —  —  14.50% Secured Debt (8) —  —  509  4,048  9  150  3,907  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  270  —  5,300  270  —  5,570  Warrants (8) —  —  —  —  —  —  —  ASC Interests, LLC 13.00% Secured Debt (8) —  —  40  400  —  —  400  13.00% Secured Debt (8) —  (161) 157  1,598  —  235  1,363  Preferred Member Units (8) —  —  —  —  —  —  —  Member Units (8) —  —  —  —  —  —  —  ATS Workholding, LLC Secured Debt (9) (1,897) 2,261  —  113  2,324  2,437  —  Secured Debt (9) (2,842) 2,698  —  143  2,698  2,841  —  Preferred Member Units (9) (3,726) 3,726  —  —  3,726  3,726  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  37  711  —  —  711  Member Units (5) —  950  1,103  5,860  950  —  6,810  Batjer TopCo, LLC Secured Debt (12) (8) —  —  12  446  1  450  (3) Secured Debt (12) (8) —  —  15  270  —  270  —  10.00% Secured Debt (8) —  —  838  10,529  18  630  9,917  Preferred Stock (8) —  3,590  587  5,160  3,590  —  8,750  Bolder Panther Group, LLC 11.57% SF+ 7.26% Secured Debt (9) —  (102) 9,032  101,643  102  699  101,046  10.81% SF+ 6.50% Secured Debt (9) —  4  166  —  6,000  3,000  3,000  8.00% Class B Preferred Member Units (9) —  670  2,479  30,520  670  —  31,190  Secured Debt (9) —  —  93  —  —  —  —  Bridge Capital Solutions Corporation Preferred Member Units (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  CBT Nuggets, LLC Member Units (9) —  (580) 1,647  49,540  —  580  48,960  Centre Technologies Holdings, LLC SF+ 8.00% Secured Debt (12) (8) —  —  9  —  —  —  —  12.41% SF+ 8.00% Secured Debt (8) —  (12) 2,599  25,534  12  1,082  24,464  Preferred Member Units (8) —  8,810  90  12,410  8,810  —  21,220  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (67) 74  —  67  67  —  12.49% SF+ 8.00% Secured Debt (8) —  9  1,679  15,620  4,800  —  20,420  Member Units (8) —  (40) 5,884  33,110  —  40  33,070  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Member Units (8) —  220  69  3,550  220  —  3,770  Charps, LLC 14.00% Unsecured Debt (5) —  (75) 671  5,694  75  75  5,694  Preferred Member Units (5) —  (310) 536  15,580  —  310  15,270  Colonial Electric Company LLC Secured Debt (12) (6) —  —  6  —  —  —  —  12.00% Secured Debt (6) —  (28) 1,131  14,310  28  5,559  8,779  Preferred Member Units (6) —  850  3,270  13,570  850  —  14,420  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  500  15  —  515  Digital Products Holdings LLC 14.31% SF+ 10.00% Secured Debt (5) —  —  1,347  12,422  33  660  11,795  Preferred Member Units (5) —  —  150  9,835  —  —  9,835  Doral Holdings, LLC Preferred Equity (5) —  —  —  —  13,000  —  13,000  Secured Debt (5) —  —  —  —  —  —  —  13.00% Secured Debt (5) —  —  2,042  —  29,229  —  29,229  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (5) —  —  7  (5) 2  —  (3) 12.00% Secured Debt (5) —  —  1,646  17,969  30  774  17,225  9.00% Secured Debt (5) —  —  423  6,207  2  40  6,169  Common Stock (5) —  (630) —  5,730  —  630  5,100  Common Stock (5) —  170  —  3,050  170  —  3,220  Flame King Holdings, LLC Preferred Equity (9) —  3,450  7,873  35,920  12,200  —  48,120  12.00% Secured Debt (9) —  617  2,759  —  66,000  —  66,000  Harrison Hydra-Gen, Ltd. Common Stock (8) —  260  —  7,010  260  —  7,270  JTI Electrical & Mechanical, LLC SF+ 6.25% Secured Debt (9) (466) —  —  7,977  —  7,977  —  SF+ 6.25% Secured Debt (9) (5,765) —  —  33,879  —  33,879  —  SF+ 6.25% Secured Debt (9) (537) —  —  3,176  —  3,176  —  10.45% SF+ 6.00% 10.45% Secured Debt (9) —  —  387  —  35,637  225  35,412  15.00% 15.00% Secured Debt (9) —  —  —  —  6,205  —  6,205  9.45% SF+ 5.00% Secured Debt (9) —  —  61  —  6,316  —  6,316  Common Equity (9) —  (842) —  —  842  842  —  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  2,157  23,216  35  —  23,251  Preferred Equity (9) —  (850) 728  13,180  —  850  12,330  KBK Industries, LLC Member Units (5) —  (4,950) 2,900  25,180  —  4,950  20,230  Secured Debt (5) —  (24) 130  3,700  —  3,700  —  9.50% Secured Debt (5) —  41  370  —  9,400  1,600  7,800  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  1,248  14,987  6  1,600  13,393  9.00% Secured Debt (5) —  —  267  3,926  1  36  3,891  Preferred Equity (5) —  3,690  —  12,240  3,690  —  15,930  Member Units (5) —  50  78  2,710  50  —  2,760  Metalforming Holdings, LLC Secured Debt (12) (7) —  1  18  (11) 11  —  —  8.75% Secured Debt (7) —  73  1,408  20,844  117  3,173  17,788  8.00% 8.00% Preferred Equity (7) —  (481) 849  6,397  —  481  5,916  Common Stock (7) —  2,630  1,105  6,850  2,630  —  9,480  Moffitt Holdings, LLC 13.00% Secured Debt (8) —  —  1,167  —  34,695  438  34,257  Preferred Equity (8) —  1,260  —  —  15,560  —  15,560  MS Private Loan Fund I, LP 7.31% SF+ 3.00% Secured Debt (12) (8) —  —  334  1,600  16,920  9,820  8,700  LP Interests (12) (8) —  (202) 1,152  14,034  —  202  13,832  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) MS Private Loan Fund II, LP SF+ 3.00% Secured Debt (12) (8) —  —  50  (59) 1,818  1,850  (91) LP Interests (12) (8) —  170  773  7,843  1,721  —  9,564  MSC Income Fund, Inc. Common Equity (8) —  (3,803) 1,507  16,810  5,326  3,803  18,333  MVI MSO, LLC (Milford Vascular) 13.00% Secured Debt (6) —  —  873  —  9,763  —  9,763  Preferred Equity (6) —  2,070  118  —  4,770  —  4,770  NAPCO Precast, LLC Member Units (8) —  2,110  1,867  9,050  2,110  —  11,160  Member Units (8) —  1,945  —  —  2,760  —  2,760  Nello Industries Investco, LLC SF+ 6.50% Secured Debt (5) —  —  16  (16) 16  —  —  12.50% Secured Debt (5) —  —  2,856  26,959  2,493  —  29,452  Preferred Stock (5) 231  5,623  1,751  15,560  5,854  1,154  20,260  NexRev LLC Secured Debt (8) —  —  —  —  —  —  —  Secured Debt (8) —  (9) 151  9,811  9  9,820  —  Preferred Member Units (8) —  350  453  11,910  350  —  12,260  NuStep, LLC 10.91% SF+ 6.50% Secured Debt (5) —  —  278  3,600  —  1,400  2,200  12.00% Secured Debt (5) —  —  1,679  18,439  1  —  18,440  Preferred Member Units (5) —  650  —  11,550  650  —  12,200  Preferred Member Units (5) —  —  —  6,000  —  —  6,000  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  —  15.41% SF+ 11.00% Secured Debt (5) —  (35) 2,535  21,960  35  1,235  20,760  Preferred Stock (5) —  —  180  13,450  —  —  13,450  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (2) 8  —  2  2  —  13.00% Secured Debt (8) —  (47) 2,826  28,640  47  847  27,840  Preferred Equity (8) —  1,280  1,392  18,360  1,280  —  19,640  PPL RVs, Inc. SF+ 7.00% Secured Debt (8) —  (1) 1  —  1  1  —  11.48% SF+ 7.00% Secured Debt (8) —  (35) 1,402  16,456  35  1,300  15,191  Common Stock (8) —  1,140  418  17,110  1,140  —  18,250  Common Stock (8) —  61  —  514  61  —  575  River Aggregates, LLC Member Units (8) —  60  —  9,530  60  —  9,590  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  222  —  1,646  —  736  910  12.00% 12.00% Secured Debt (9) —  (1,040) —  3,603  —  1,039  2,564  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  570  298  4,252  570  —  4,822  Preferred Stock (8) —  —  —  1,794  —  —  1,794  VVS Holdco LLC SF+ 6.00% Secured Debt (5) —  —  12  —  —  —  —  11.50% Secured Debt (5) —  —  2,222  25,661  42  1,280  24,423  Preferred Equity (5) —  —  99  12,240  —  —  12,240  Other Amounts related to investments transferred to or from other 1940 Act classification during the period 6,769  5,297  171  (80,952) —  —  —  Total Control investments $ (12,964) $ 57,016  $ 176,481  $ 2,087,890  $ 472,328  $ 224,996  $ 2,416,174  Affiliate Investments 423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ —  $ 45  $ 1,226  $ —  $ —  $ 1,226  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) AAC Holdings, Inc. Secured Debt (7) (139) 3  —  609  —  609  —  Secured Debt (7) (3,303) 80  —  17,365  —  17,365  —  Preferred Equity (7) —  (2,470) —  —  8,520  2,470  6,050  10.00% 10.00% Secured Debt (7) —  —  —  —  3,109  —  3,109  12.00% 12.00% Secured Debt (7) —  —  —  —  3,109  —  3,109  Common Stock (7) —  —  —  —  —  —  —  Warrants (7) —  —  —  —  —  —  —  10.00% 10.00% Secured Debt (12) (7) —  —  34  —  814  —  814  Boccella Precast Products LLC 10.00% Secured Debt (6) —  55  22  266  55  65  256  Member Units (6) —  1,510  479  310  1,510  —  1,820  Buca C, LLC 15.00% 15.00% Secured Debt (7) —  —  —  —  —  —  —  6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  —  15.00% 15.00% Secured Debt (7) —  —  —  —  —  —  —  15.00% 15.00% Secured Debt (7) —  (458) —  —  458  458  —  Career Team Holdings, LLC SF+ 6.00% Secured Debt (12) (6) —  —  106  887  —  928  (41) 13.00% Secured Debt (6) —  —  2,140  19,364  2,370  203  21,531  Common Stock (6) —  (36) —  4,740  666  36  5,370  Classic H&G Holdings, LLC Preferred Member Units (6) —  (890) —  2,850  —  890  1,960  Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  (78) 69  2,276  —  1,614  662  Connect Telecommunications Solutions Holdings, Inc. 13.00% Secured Debt (6) —  —  2,649  27,315  62  2,521  24,856  Preferred Equity (6) —  —  —  12,596  —  —  12,596  DMA Industries, LLC 12.00% Secured Debt (7) —  56  1,513  16,722  78  2,400  14,400  Preferred Equity (7) —  2,490  —  5,944  2,490  —  8,434  12.00% Secured Debt (7) —  4  52  555  5  —  560  15.00% 15.00% Preferred Equity (7) —  1,290  377  3,240  1,667  —  4,907  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  150  —  7,708  150  139  7,719  LP Interests (Dos Rios Partners - A, LP) (8) —  48  —  2,447  48  44  2,451  Dos Rios Stone Products LLC Class A Preferred Units (8) —  —  —  —  —  —  —  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) (2) —  5  369  —  332  37  FCC Intermediate Holdco, LLC 13.00% Secured Debt (5) —  2,949  3,894  29,109  3,691  1,230  31,570  Warrants (5) —  4,300  750  10,840  4,300  —  15,140  Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (5) —  (347) —  2,190  —  347  1,843  LP Interests (Freeport First Lien Loan Fund III LP) (5) —  (82) —  1,263  —  1,070  193  FRG AcquireCo, LLC Secured Debt (12) (7) —  —  1  —  —  20  (20) 13.00% Secured Debt (7) —  —  246  —  10,397  —  10,397  Preferred Equity (7) —  —  —  —  3,500  —  3,500  GFG Group, LLC Secured Debt (5) —  (21) 185  8,185  —  8,185  —  Secured Debt (5) —  —  185  —  —  —  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) 8.00% Secured Debt (5) —  6  347  —  14,053  —  14,053  Preferred Member Units (5) —  400  727  10,540  400  —  10,940  Gulf Manufacturing, LLC SF+ 7.62% Secured Debt (8) —  (42) 26  —  7  41  (34) 11.94% SF+ 7.62% Secured Debt (8) —  (325) 3,523  39,000  69  1,825  37,244  Member Units (8) —  (130) 500  14,730  —  130  14,600  Common Stock (8) —  562  —  888  562  —  1,450  Hawk Ridge Systems, LLC 10.48% SF+ 6.00% Secured Debt (9) —  (1) 254  2,645  4,725  5,200  2,170  12.00% Secured Debt (9) —  (41) 4,293  45,256  41  41  45,256  Preferred Member Units (9) —  4,300  —  20,260  4,300  —  24,560  Preferred Member Units (9) —  220  —  1,070  220  —  1,290  Houston Plating and Coatings, LLC 10.00% Unsecured Convertible Debt (8) —  60  227  2,940  60  —  3,000  Member Units (8) —  420  180  3,930  420  —  4,350  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  194  —  4,472  194  534  4,132  LP Interests (HPEP 3, L.P.) (12) (8) —  519  —  5,861  1,396  —  7,257  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (1,390) —  20,390  —  1,390  19,000  Infinity X1 Holdings, LLC Secured Debt (9) —  (96) 683  15,050  —  15,050  —  Preferred Equity (9) —  (2,460) 1,155  9,080  —  2,460  6,620  13.00% Secured Debt (9) —  12  864  —  16,372  848  15,524  Integral Energy Services 12.05% SF+ 7.50% Secured Debt (8) —  (98) 1,230  12,728  42  740  12,030  10.00% 10.00% Preferred Equity (8) —  55  20  452  75  —  527  Common Stock (8) —  140  —  550  140  —  690  10.00% 10.00% Preferred Equity (8) —  76  —  —  190  —  190  Iron-Main Investments, LLC 13.00% Secured Debt (5) —  —  450  4,493  5  —  4,498  13.00% Secured Debt (5) —  —  293  2,927  3  —  2,930  13.00% Secured Debt (5) —  —  882  8,944  —  —  8,944  13.00% Secured Debt (5) —  —  1,756  17,542  20  —  17,562  13.00% Secured Debt (5) —  —  1,000  9,638  54  287  9,405  Common Stock (5) —  (150) —  2,850  —  150  2,700  25.00% 25.00% Preferred Equity (5) —  210  —  760  210  —  970  25.00% 25.00% Preferred Equity (5) —  —  —  —  155  —  155  ITA Holdings Group, LLC 11.46% SF+ 7.00% Secured Debt (8) —  (3) 114  1,180  3  3  1,180  SF+ Secured Debt (8) —  (12) 77  994  —  994  —  11.46% SF+ 7.00% Secured Debt (12) (8) —  19  78  —  2,360  —  2,360  11.46% SF+ 7.00% Secured Debt (8) —  (200) 614  4,438  697  200  4,935  11.46% SF+ 7.00% Secured Debt (8) —  (200) 659  4,438  697  200  4,935  11.46% SF+ 7.00% Secured Debt (8) —  6  64  —  1,770  —  1,770  Warrants (8) —  7,790  1,969  5,690  7,790  —  13,480  Johnson Downie Opco, LLC 15.00% Secured Debt (12) (8) —  (5) 23  —  1,805  5  1,800  15.00% Secured Debt (8) —  (35) 2,481  21,507  35  35  21,507  Preferred Equity (8) —  8,980  2,554  14,550  8,980  —  23,530  KMS, LLC SF+ 9.75% Secured Debt (5) (415) —  —  663  —  663  —  SF+ 9.75% Secured Debt (5) (3,037) 1  —  4,779  —  4,779  —  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) SF+ 9.75% Secured Debt (5) —  —  —  450  —  450  —  SF+ 9.75% Secured Debt (5) —  —  —  440  —  440  —  SF+ 9.75% Secured Debt (5) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (12) (5) —  —  105  —  1,145  —  1,145  12.50% 12.50% Secured Debt (5) —  —  92  —  1,203  195  1,008  Preferred Equity (5) —  250  —  —  5,140  —  5,140  Mills Fleet Farm Group, LLC 9.78% SF+ 5.50% 9.78% Secured Debt (5) —  —  186  —  2,832  —  2,832  9.70% SF+ 5.50% 9.70% Secured Debt (5) —  —  21  —  1,672  —  1,672  Preferred Equity (5) —  (2,389) 829  13,840  829  2,389  12,280  MoneyThumb Acquisition, LLC 14.00% Secured Debt (9) —  —  1,132  8,967  137  640  8,464  12.00% 12.00% Preferred Member Units (9) —  —  160  1,707  160  —  1,867  Warrants (9) —  —  —  594  —  —  594  Nebraska Vet AcquireCo, LLC SF+ 7.00% Secured Debt (5) —  (7) 10  —  7  7  —  Preferred Member Units (5) 55,646  (25,053) 5,694  32,040  55,647  87,687  —  Secured Debt (5) —  (115) 3,143  62,200  115  62,315  —  Secured Debt (5) —  (171) 193  4,650  2,771  7,421  —  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  —  —  99  —  —  99  12.00% 12.00% Secured Debt (8) —  —  —  102  —  2  100  12.00% 12.00% Secured Debt (8) —  —  —  218  —  —  218  12.00% 12.00% Secured Debt (8) —  —  —  456  —  1  455  10.00% 10.00% Unsecured Debt (8) —  —  —  305  —  —  305  7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Oneliance, LLC Preferred Stock (7) —  690  57  2,580  690  —  3,270  RA Outdoors (Aspira) LLC 11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (148) 120  1,257  82  189  1,150  11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (1,553) 1,240  13,155  842  1,972  12,025  SF+ 6.75% Secured Debt (12) (8) —  —  —  —  —  —  —  SF+ 6.75% Secured Debt (8) —  —  —  —  —  —  —  Common Equity (8) —  —  —  —  —  —  —  Revenue Recovery Holdings, LLC Secured Debt (12) (7) —  —  3  —  —  19  (19) 14.00% Secured Debt (7) —  —  414  —  8,927  1,300  7,627  Preferred Equity (7) —  —  —  —  1,049  —  1,049  RFG AcquireCo, LLC Secured Debt (12) (7) —  —  3  —  —  8  (8) Secured Debt (7) —  —  —  —  —  —  —  12.50% Secured Debt (7) —  —  2,143  —  33,683  —  33,683  Preferred Equity (7) —  —  —  —  11,401  —  11,401  SI East, LLC 11.85% Secured Debt (12) (7) —  (3) 219  2,250  3  3  2,250  12.78% Secured Debt (7) —  39  6,575  67,661  —  626  67,035  Preferred Member Units (7) —  630  313  13,660  630  —  14,290  Slick Innovations, LLC Secured Debt (6) —  (139) 510  16,320  —  16,320  —  14.00% Secured Debt (6) —  246  2,297  —  25,880  800  25,080  Common Stock (6) —  (450) 873  2,440  —  450  1,990  Specialized Aviation Holdings, LLC 13.00% Secured Debt (7) —  —  967  —  29,710  —  29,710  Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) September 30, 2025 Fair Value (13) Preferred Stock (7) —  —  16  —  15,000  —  15,000  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (298) —  1,644  —  298  1,346  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  558  13  204  570  —  774  Superior Rigging & Erecting Co. Preferred Member Units (7) —  6,190  —  10,530  6,190  —  16,720  The Affiliati Network, LLC 10.00% Secured Debt (12) (9) —  —  63  394  6,163  6,000  557  10.00% Secured Debt (9) —  (11) 434  5,053  10  411  4,652  Preferred Stock (9) —  —  179  6,400  —  —  6,400  Preferred Stock (9) —  —  —  287  26  —  313  UnionRock Energy Fund II, LP LP Interests (12) (9) —  (134) —  4,732  —  604  4,128  UnionRock Energy Fund III, LP LP Interests (12) (9) —  (405) 120  5,612  447  897  5,162  UniTek Global Services, Inc. Secured Convertible Debt (6) 3,763  (2,384) 41  5,642  505  6,147  —  Secured Convertible Debt (6) 1,743  (1,155) 21  2,663  235  2,898  —  Preferred Stock (6) —  —  104  3,181  1,633  4,814  —  20.00% 20.00% Preferred Stock (6) —  (788) —  4,272  5,116  —  9,388  19.00% 19.00% Preferred Stock (6) —  —  —  —  —  —  —  13.50% 13.50% Preferred Stock (6) —  —  —  —  —  —  —  Common Stock (6) —  —  —  —  —  —  —  Urgent DSO LLC 13.50% Secured Debt (5) —  —  914  8,727  13  —  8,740  9.00% 9.00% Preferred Equity (5) —  —  294  4,320  294  —  4,614  Wildcats Topco LLC (NVS Heritage) Common Equity (5) —  333  9  —  22,760  —  22,760  World Micro Holdings, LLC 11.00% Secured Debt (7) —  —  862  10,702  20  878  9,844  Preferred Equity (7) —  —  308  3,845  —  —  3,845  Other Amounts related to investments transferred to or from other 1940 Act classification during the period 3,453  3,450  1,436  29,588  —  —  —  Total Affiliate investments $ 57,709  $ 4,518  $ 71,908  $ 846,798  $ 358,386  $ 282,682  $ 892,914  ___________________________ (1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2)Represents the total amount of interest, dividends and fees credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred to or from other 1940 Act classifications during the period.” (3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $589,459. This represented 20.1% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $181,094. This represented 6.2% of net assets as of September 30, 2025. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $158,589. This represented 5.4% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $125,926. This represented 4.3% of net assets as of September 30, 2025. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $72,101. This represented 2.5% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $270,957. This represented 9.2% of net assets as of September 30, 2025. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $1,043,897. This represented 35.6% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $187,380. This represented 6.4% of net assets as of September 30, 2025. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $552,128. This represented 18.8% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $127,557. This represented 4.3% of net assets as of September 30, 2025. (10)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12)Investment has an unfunded commitment as of September 30, 2025 (see Note K — Commitments and Contingencies). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan.