Quarterly report pursuant to Section 13 or 15(d)

Consolidated Schedule of Investments In and Advances to Affiliates

v3.22.2.2
Consolidated Schedule of Investments In and Advances to Affiliates
9 Months Ended
Sep. 30, 2022
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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
Majority-owned investments
ASK (Analytical Systems Keco Holdings, LLC) L+ 10.00% Secured Debt (8) $ —  $ —  $ $ (4) $ $ —  $ (3)
12.63% L+ 10.00% Secured Debt (8) —  —  506  4,740  65  210  4,595 
12.63% Preferred Member Units (8) —  —  —  —  —  —  — 
Preferred Member Units (8) —  (1,050) —  4,894  —  1,050  3,844 
Warrants (8) —  —  —  —  —  —  — 
Brewer Crane Holdings, LLC 12.56% L+ 10.00% Secured Debt (9) —  —  649  8,037  19  1,972  6,084 
Preferred Member Units (9) —  (2,040) 795  7,710  —  2,040  5,670 
Café Brazil, LLC Member Units (8) —  (200) 178  2,570  —  200  2,370 
California Splendor Holdings LLC 12.38% L+ 10.00% Secured Debt (9) —  52  2,467  27,915  85  —  28,000 
Preferred Member Units (9) —  7,750  188  13,275  7,750  —  21,025 
15.00% 15.00% Preferred Member Units (9) —  —  792  9,510  792  6,449  3,853 
Clad-Rex Steel, LLC 12.13% L+ 9.50% Secured Debt (5) —  —  898  10,401  29  —  10,430 
10.00% Secured Debt (5) —  —  81  1,071  —  24  1,047 
Member Units (5) —  (760) 595  10,250  —  760  9,490 
Member Units (5) —  80  —  530  80  —  610 
CMS Minerals Investments Member Units (9) —  331  150  1,974  331  415  1,890 
Cody Pools, Inc. L+ 10.50% Secured Debt (8) —  —  84  (13) 2,866  2,864  (11)
13.63% L+ 10.50% Secured Debt (8) —  (66) 4,044  42,497  66  1,338  41,225 
Preferred Member Units (8) —  9,570  3,710  47,640  9,570  —  57,210 
CompareNetworks Topco, LLC L+ 9.00% Secured Debt (9) —  —  —  —  —  —  — 
11.63% L+ 9.00% Secured Debt (9) —  (13) 468  6,477  13  1,140  5,350 
Preferred Member Units (9) —  6,570  474  12,000  6,570  —  18,570 
Datacom, LLC 7.50% Secured Debt (8) —  —  —  —  223  —  223 
7.50% Secured Debt (8) —  160  624  7,668  284  203  7,749 
Preferred Member Units (8) —  60  72  2,610  60  —  2,670 
Direct Marketing Solutions, Inc. 13.63% L+ 11.00% Secured Debt (9) —  14  102  (22) 4,272  850  3,400 
13.63% L+ 11.00% Secured Debt (9) —  (53) 2,322  24,070  53  1,073  23,050 
Preferred Stock (9) —  3,870  1,029  18,350  3,870  —  22,220 
Gamber-Johnson Holdings, LLC 10.63% L+ 8.00% Secured Debt (5) —  —  —  —  —  — 
10.63% L+ 8.00% Secured Debt (5) —  (4) 1,722  21,598  2,484  24,078 
Member Units (5) —  (3,230) 715  49,700  —  3,230  46,470 
GRT Rubber Technologies LLC 10.56% L+ 8.00% Secured Debt (8) —  (21) 2,756  38,885  1,629  21  40,493 
Member Units (8) —  —  2,483  46,190  —  —  46,190 
Jensen Jewelers of Idaho, LLC 12.25% P+ 6.75% Secured Debt (9) —  (6) 207  2,550  106  2,450 
Member Units (9) —  2,550  1,996  12,420  2,550  —  14,970 
Kickhaefer Manufacturing Company, LLC 11.50% Secured Debt (5) —  —  1,818  20,324  37  —  20,361 
9.00% Secured Debt (5) —  —  265  3,876  26  3,851 
Member Units (5) —  (3,060) —  12,310  —  3,060  9,250 
Member Units (5) —  —  84  2,460  —  —  2,460 
Market Force Information, LLC 13.38% L+ 11.00% Secured Debt (9) —  —  374  3,400  1,600  —  5,000 
12.00% 12.00% Secured Debt (9) —  (6,065) —  8,936  —  6,065  2,871 
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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
Member Units (9) —  —  —  —  —  —  — 
MH Corbin Holding LLC 13.00% Secured Debt (5) —  (1,220) 795  5,934  3,234  2,709 
Preferred Member Units (5) —  —  —  —  —  —  — 
Preferred Member Units (5) —  —  —  —  —  —  — 
MSC Adviser I, LLC Member Units (8) —  (27,910) 5,620  140,400  —  27,910  112,490 
Mystic Logistics Holdings, LLC 10.00% Secured Debt (6) —  —  —  —  —  — 
10.00% Secured Debt (6) —  (1) 460  6,378  633  5,746 
Common Stock (6) —  11,860  2,860  8,840  11,860  —  20,700 
OMi Topco, LLC 12.00% Secured Debt (8) —  (41) 1,625  18,000  41  1,791  16,250 
Preferred Member Units (8) —  470  1,676  20,210  470  —  20,680 
PPL RVs, Inc. L+ 7.00% Secured Debt (8) —  —  79  727  1,264  2,000  (9)
8.75% L+ 7.00% Secured Debt (8) —  239  1,155  11,655  8,000  —  19,655 
Common Stock (8) —  5,150  908  14,360  5,150  —  19,510 
Common Stock (8) —  —  —  —  157  —  157 
Principle Environmental, LLC Secured Debt (8) —  —  104  1,465  1,474  — 
13.00% Secured Debt (8) —  —  602  5,808  18  26  5,800 
Preferred Member Units (8) —  1,070  656  11,160  1,070  —  12,230 
Common Stock (8) —  80  —  710  80  —  790 
Quality Lease Service, LLC Member Units (7) —  76  —  2,148  76  1,599  625 
Robbins Bros. Jewelry, Inc. 13.63% L+ 11.00% Secured Debt (9) —  —  24  (44) —  (38)
13.63% L+ 11.00% Secured Debt (9) —  —  3,465  36,000  59  450  35,609 
Preferred Equity (9) —  4,140  558  11,070  4,140  —  15,210 
Trantech Radiator Topco, LLC 8.00% Secured Debt (7) —  —  (8) —  (5)
12.00% Secured Debt (7) —  (17) 785  8,720  17  417  8,320 
Common Stock (7) —  (1,240) 87  8,660  —  1,240  7,420 
Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  57  625  —  175  450 
6.50% Secured Debt (8) —  —  49  1,000  —  —  1,000 
14.00% Secured Debt (8) —  (74) 292  2,750  —  74  2,676 
Preferred Member Units (8) —  (940) —  2,130  —  940  1,190 
Warrants (8) —  —  —  —  —  —  — 
Other controlled investments
2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) —  1,979  —  3,971  3,171  —  7,142 
LP Interests (2717 HPP-MS, L.P.) (8) —  —  —  —  244  —  244 
ASC Interests, LLC 13.00% Secured Debt (8) —  —  24  200  130  30  300 
13.00% Secured Debt (8) —  —  211  1,636  12  —  1,648 
Member Units (8) —  80  —  720  80  —  800 
ATS Workholding, LLC 5.00% Secured Debt (9) —  (411) —  1,088  147  435  800 
5.00% Secured Debt (9) —  (576) —  1,917  —  619  1,298 
Preferred Member Units (9) —  —  —  —  —  —  — 
Barfly Ventures, LLC 7.00% Secured Debt (5) —  —  38  710  —  711 
Member Units (5) —  1,390  —  1,930  1,390  —  3,320 
Batjer TopCo, LLC Secured Debt (8) —  —  —  451  459  (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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
11.00% Secured Debt (8) —  —  —  —  —  —  — 
11.00% Secured Debt (8) —  —  824  —  10,927  —  10,927 
Preferred Stock (8) —  —  —  —  4,095  —  4,095 
Bolder Panther Group, LLC L+ 8.00% Secured Debt (9) —  —  19  —  —  —  — 
12.63% L+ 10.00% Secured Debt (9) —  266  5,780  39,000  60,194  —  99,194 
8.00% Class B Preferred Member Units (9) —  3,840  558  23,170  3,840  —  27,010 
Bridge Capital Solutions Corporation 13.00% Secured Debt (6) —  —  869  8,813  —  —  8,813 
13.00% Secured Debt (6) —  —  99  1,000  —  —  1,000 
Preferred Member Units (6) —  —  75  1,000  —  —  1,000 
Warrants (6) —  83  —  1,712  83  —  1,795 
Warrants (6) —  117  —  2,348  117  —  2,465 
CBT Nuggets, LLC Member Units (9) —  (2,370) 2,471  50,620  —  2,370  48,250 
Centre Technologies Holdings, LLC L+ 9.00% Secured Debt (8) —  —  25  —  1,440  1,440  — 
11.63% L+ 9.00% Secured Debt (8) —  507  1,271  8,864  6,470  387  14,947 
Preferred Member Units (8) —  2,038  90  5,840  2,320  —  8,160 
Chamberlin Holding LLC 8.63% L+ 6.00% Secured Debt (8) —  —  —  —  —  — 
10.63% L+ 8.00% Secured Debt (8) —  (51) 1,314  17,817  51  402  17,466 
Member Units (8) —  (1,810) 1,335  24,140  —  1,810  22,330 
Member Units (8) —  —  55  1,540  451  —  1,991 
Charps, LLC 10.00% Unsecured Debt (5) —  (36) 461  5,694  36  36  5,694 
Preferred Member Units (5) —  (780) 425  13,990  —  780  13,210 
Colonial Electric Company LLC Secured Debt (6) —  —  46  —  1,600  1,600  — 
12.00% Secured Debt (6) —  —  2,224  24,351  45  945  23,451 
Preferred Member Units (6) —  80  1,287  9,130  80  —  9,210 
Copper Trail Energy Fund I, LP - CTMH LP Interests (CTMH, LP) (9) —  —  —  710  —  —  710 
Digital Products Holdings LLC 12.63% L+ 10.00% Secured Debt (5) —  —  1,436  16,801  33  990  15,844 
Preferred Member Units (5) —  —  150  9,835  —  —  9,835 
Flame King Holdings, LLC 9.25% L+ 6.50% Secured Debt (9) —  64  464  6,324  1,276  —  7,600 
13.75% L+ 11.00% Secured Debt (9) —  173  2,035  20,996  204  —  21,200 
Preferred Equity (9) —  3,440  909  10,400  3,440  —  13,840 
Garreco, LLC 9.50% L+ 8.00% Secured Debt (8) —  —  290  4,196  —  370  3,826 
Member Units (8) —  (280) 321  2,270  —  280  1,990 
Gulf Manufacturing, LLC Member Units (8) —  170  1,365  5,640  170  —  5,810 
Gulf Publishing Holdings, LLC L+ 9.50% Secured Debt (8) —  —  257  —  257  — 
Secured Debt (8) (5,822) 3,848  503  9,717  —  9,717  — 
12.50% Secured Debt (8) —  (116) —  —  2,400  116  2,284 
Member Units (8) —  —  —  —  —  —  — 
Member Units (8) —  (1,680) —  —  5,600  1,680  3,920 
Harrison Hydra-Gen, Ltd. Common Stock (8) —  (250) —  3,530  —  250  3,280 
Johnson Downie Opco, LLC 14.13% L+ 11.50% Secured Debt (8) —  —  10  (18) —  (15)
14.13% L+ 11.50% Secured Debt (8) —  84  1,109  11,362  114  1,477  9,999 
Preferred Equity (8) —  2,730  808  3,150  2,730  —  5,880 
JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  1,881  —  25,419  —  25,419 
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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
Common Stock (9) —  —  468  —  10,741  —  10,741 
KBK Industries, LLC Member Units (5) —  770  1,007  13,620  770  —  14,390 
MS Private Loan Fund LP Interests (8) —  20  437  2,581  11,770  —  14,351 
MSC Income Fund, Inc. Common Equity (8) —  11  15  —  761  —  761 
NAPCO Precast, LLC Member Units (8) —  (2,380) 13,560  —  2,380  11,180 
Nebraska Vet AcquireCo, LLC (NVS) 8.71% L+ 7.00% Secured Debt (5) —  —  —  —  —  — 
12.00% Secured Debt (5) —  121  1,146  4,829  13,452  —  18,281 
12.00% Secured Debt (5) —  71  972  10,412  88  —  10,500 
Preferred Member Units (5) —  —  —  7,700  —  —  7,700 
NexRev LLC 11.00% Secured Debt (8) —  —  26  800  —  640  160 
11.00% Secured Debt (8) —  (928) 1,560  13,245  —  4,192  9,053 
Preferred Member Units (8) —  (2,913) 60  2,690  1,333  2,913  1,110 
NRP Jones, LLC 12.00% Secured Debt (5) —  —  189  2,080  —  —  2,080 
Member Units (5) —  (1,585) 449  6,200  —  1,585  4,615 
Member Units (5) —  (65) 13  240  —  65  175 
NuStep, LLC 9.13% L+ 6.50% Secured Debt (5) —  —  208  1,720  2,679  —  4,399 
12.00% Secured Debt (5) —  (4) 1,612  17,240  1,175  18,411 
Preferred Member Units (5) —  (3,300) —  13,500  —  3,300  10,200 
Orttech Holdings, LLC L+ 11.00% Secured Debt (5) —  —  16  175  —  175  — 
13.63% L+ 11.00% Secured Debt (5) —  —  2,305  23,976  41  600  23,417 
Preferred Stock (5) —  —  579  10,000  —  —  10,000 
Pearl Meyer Topco LLC Secured Debt (6) —  —  24  —  1,500  1,500  — 
12.00% Secured Debt (6) —  —  —  —  —  —  — 
12.00% Secured Debt (6) —  (76) 2,819  32,674  76  4,069  28,681 
Member Units (6) —  14,850  5,754  26,970  14,850  —  41,820 
River Aggregates, LLC Member Units (8) —  180  —  3,280  180  —  3,460 
Tedder Industries, LLC 12.00% Secured Debt (9) —  —  158  1,040  800  —  1,840 
12.00% Secured Debt (9) —  (71) 1,431  15,141  47  71  15,117 
Preferred Member Units (9) —  (1,933) —  8,579  488  1,930  7,137 
Televerde, LLC Member Units (8) —  (2,076) —  7,280  —  2,076  5,204 
Preferred Stock (8) —  1,076  —  —  1,794  —  1,794 
Vision Interests, Inc. Series A Preferred Stock (9) —  —  144  3,000  —  —  3,000 
VVS Holdco LLC 8.63% L+ 6.00% Secured Debt (5) —  —  45  1,169  805  1,201  773 
11.50% Secured Debt (5) —  —  2,697  30,100  46  —  30,146 
Preferred Equity (5) —  240  300  11,840  238  —  12,078 
—  —  —  —  —  —  — 
—  —  —  —  —  —  — 
Other —  —  —  —  —  —  — 
Amounts related to investments transferred from other 1940 Act classification during the period —  —  985  41,748  —  —  — 
Total Control investments $ (5,822) $ 20,618  $ 110,751  $ 1,489,257  $ 280,134  $ 128,214  $ 1,599,429 
Affiliate Investments
AAC Holdings, Inc. 18.00% 18.00% Secured Debt (7) $ —  $ 143  $ 1,492  $ 9,794  $ 1,182  $ —  $ 10,976 
Common Stock (7) —  (2,004) —  2,079  —  2,004  75 
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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
Warrants (7) —  (1,865) —  1,940  —  1,865  75 
AFG Capital Group, LLC Preferred Member Units (8) —  —  144  —  144  — 
Preferred Member Units (8) —  1,040  200  7,740  1,040  —  8,780 
ATX Networks Corp. 11.14% L+ 7.50% Secured Debt (6) —  403  562  7,092  631  1,016  6,707 
10.00% 10.00% Unsecured Debt (6) —  260  242  1,963  502  —  2,465 
Common Stock (6) —  —  —  —  —  —  — 
BBB Tank Services, LLC 13.56% L+ 11.00% Unsecured Debt (8) —  —  75  800  —  —  800 
13.56% L+ 11.00% Unsecured Debt (8) —  (209) 377  1,707  —  209  1,498 
Member Units (8) —  —  —  —  —  —  — 
15.00% 15.00% Preferred Stock (non-voting) (8) —  —  —  —  —  —  — 
Boccella Precast Products LLC 10.00% Secured Debt (6) —  —  24  320  —  —  320 
Member Units (6) —  (1,510) 73  4,830  —  1,510  3,320 
Buca C, LLC 9.00% Secured Debt (7) —  1,604  1,488  14,370  1,602  1,966  14,006 
6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  — 
Career Team Holdings, LLC 8.63% L+ 6.00% Secured Debt (6) —  —  —  —  —  — 
12.50% Secured Debt (6) —  —  1,950  20,050  30  —  20,080 
Common Stock (6) —  —  —  4,500  —  —  4,500 
Chandler Signs Holdings, LLC Class A Units (8) —  510  —  460  510  —  970 
Classic H&G Holdings, LLC 8.38% L+ 6.00% Secured Debt (6) —  —  455  4,000  11,720  7,960  7,760 
8.00% Secured Debt (6) —  (32) 1,201  19,274  32  32  19,274 
Preferred Member Units (6) —  8,530  1,294  15,260  8,530  —  23,790 
Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund
  III, LP)
(8) —  (63) 427  9,959  —  2,105  7,854 
DMA Industries, LLC 12.00% Secured Debt (7) —  175  1,961  20,993  207  —  21,200 
Preferred Equity (7) —  1,316  —  5,944  1,316  —  7,260 
Dos Rios Partners LP Interests (Dos Rios Partners - A, LP) (8) —  (1,147) —  10,329  —  1,147  9,182 
LP Interests (Dos Rios Partners, LP) (8) —  (364) —  3,280  —  364  2,916 
Dos Rios Stone Products LLC Class A Preferred Units (8) —  (290) —  640  —  290  350 
EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) 11  —  46  547  1,093  170  1,470 
Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (5) —  (52) 6,078  —  1,962  4,116 
LP Interests (Freeport First Lien Loan Fund III LP) (5) —  (57) 309  7,231  —  1,056  6,175 
GFG Group, LLC. 9.00% Secured Debt (5) —  (25) 969  12,545  25  825  11,745 
Preferred Member Units (5) —  150  417  6,990  150  —  7,140 
Hawk Ridge Systems, LLC 8.38% L+ 6.00% Secured Debt (9) —  —  150  2,585  597  —  3,182 
8.00% Secured Debt (9) —  (4) 2,145  34,800  3,004  37,800 
Preferred Member Units (9) —  4,400  803  14,680  4,400  —  19,080 
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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
Preferred Member Units (9) —  230  —  770  230  —  1,000 
Houston Plating and Coatings, LLC 8.00% Unsecured Convertible Debt (8) —  (210) 182  2,960  —  210  2,750 
Member Units (8) —  (990) 17  3,210  —  990  2,220 
HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (8) 779  254  (80) 4,712  1,033  1,414  4,331 
LP Interests (HPEP 4, L.P.) (8) —  —  —  —  1,896  —  1,896 
LP Interests (423 COR, LP) (8) —  —  —  —  1,400  —  1,400 
I-45 SLF LLC
Member Units (Fully diluted 20.0%; 21.75% profits
  interest)
(8) —  (1,880) 1,499  14,387  —  1,880  12,507 
Iron-Main Investments, LLC 12.50% Secured Debt (5) —  —  443  4,557  —  4,564 
12.50% Secured Debt (5) —  —  308  3,170  —  3,174 
12.50% Secured Debt (5) —  —  848  8,944  —  —  8,944 
12.50% Secured Debt (5) —  —  1,926  19,805  30  —  19,835 
Common Stock (5) —  —  —  1,798  —  —  1,798 
L.F. Manufacturing Holdings, LLC Preferred Member Units (non-voting) (8) —  —  107  10  117  — 
Member Units (8) 617  (541) 224  2,560  617  3,177  — 
OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (273) 28  935  28  273  690 
12.00% 12.00% Secured Debt (8) —  (280) 29  954  29  280  703 
12.00% 12.00% Secured Debt (8) —  (602) 62  2,055  62  602  1,515 
12.00% 12.00% Secured Debt (8) —  (1,255) 129  4,285  130  1,255  3,160 
10.00% 10.00% Unsecured Debt (8) —  —  192  —  197 
7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  — 
Common Stock (8) —  —  —  —  —  —  — 
Warrants (8) —  —  —  —  —  —  — 
Oneliance, LLC 13.56% L+ 11.00% Secured Debt (7) —  —  —  —  —  —  — 
13.56% L+ 11.00% Secured Debt (7) —  —  536  5,547  —  5,556 
Preferred Stock (7) —  —  —  1,056  —  —  1,056 
Rocaceia, LLC (Quality Lease and Rental Holdings, LLC) 12.00% Secured Debt (8) (67) —  —  —  —  —  — 
Preferred Member Units (8) —  —  —  —  —  —  — 
SI East, LLC (Stavig) 10.25% Secured Debt (7) —  —  195  2,250  3,750  3,750  2,250 
10.25% Secured Debt (7) —  —  6,068  63,600  31,125  1,489  93,236 
Preferred Member Units (7) —  3,380  568  11,570  3,380  —  14,950 
Slick Innovations, LLC 11.00% Secured Debt (6) —  (41) 481  5,320  41  1,121  4,240 
Common Stock (6) —  130  —  1,510  130  —  1,640 
Warrants (6) —  40  —  400  40  —  440 
Sonic Systems International, LLC 9.75% L+ 7.50% Secured Debt (8) —  102  966  11,757  3,856  —  15,613 
Common Stock (8) —  64  32  1,070  350  —  1,420 
Superior Rigging & Erecting Co. 12.00% Secured Debt (7) —  —  1,991  21,332  35  —  21,367 
Preferred Member Units (7) —  —  —  4,500  —  —  4,500 
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,
2021 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
September 30,
2022 Fair Value (13)
The Affiliati Network, LLC Secured Debt (9) —  —  28  262  3,523  3,800  (15)
13.00% Secured Debt (9) —  —  1,166  12,834  35  1,720  11,149 
Preferred Stock (9) —  —  339  6,400  —  —  6,400 
UnionRock Energy Fund II, LP LP Interests (9) —  (64) 194  6,123  1,880  2,649  5,354 
UniTek Global Services, Inc. 10.76% SF+ 5.50% 2.00% Secured Debt (6) —  29  371  —  380 
10.76% SF+ 5.50% 2.00% Secured Debt (6) —  26  146  1,852  61  212  1,701 
15.00% 15.00% Secured Convertible Debt (6) —  782  167  2,375  1,896  —  4,271 
20.00% 20.00% Preferred Stock (6) —  (280) 280  2,832  281  280  2,833 
20.00% 20.00% Preferred Stock (6) —  153  —  1,498  153  —  1,651 
19.00% 19.00% Preferred Stock (6) —  —  —  —  —  —  — 
13.50% 13.50% Preferred Stock (6) —  —  —  —  —  —  — 
Common Stock (6) —  —  —  —  —  —  — 
Volusion, LLC 11.50% Secured Debt (8) —  (104) 1,490  17,434  —  804  16,630 
8.00% Unsecured Convertible Debt (8) —  —  24  409  —  —  409 
Preferred Member Units (8) —  (5,989) —  5,990  —  5,990  — 
Warrants (8) —  —  —  —  —  —  — 
Other —  —  —  —  —  —  — 
Amounts related to investments transferred from other 1940 Act classification during the period —  139  1,302  32,597  —  —  — 
Total Affiliate investments $ 1,340  $ 3,703  $ 38,300  $ 549,214  $ 92,606  $ 56,642  $ 552,581 
____________________
(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, fees and dividends 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 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, 2022 for control investments located in this region was $346,535. This represented 21.7% of net assets as of September 30, 2022. The fair value as of September 30, 2022 for affiliate investments located in this region was $67,491. This represented 12.2% of net assets as of September 30, 2022.
(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, 2022 for control investments located in this region was $144,681. This represented 9.0% of net assets as of September 30, 2022. The fair value as of September 30, 2022 for affiliate investments located in this region was $105,372. This represented 19.1% of net assets as of September 30, 2022.
(7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2022 for control investments located in this region was $16,360. This represented 1.0% of net assets as of September 30, 2022. The fair value as of September 30, 2022 for affiliate investments located in this region was $196,507. This represented 35.6% of net assets as of September 30, 2022.
(8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2022 for control investments located in this region was $593,513. This represented 37.1% of net assets as of September 30, 2022. The fair value as of September 30, 2022 for affiliate investments located in this region was $99,261. This represented 18.0% of net assets as of September 30, 2022.
(9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2022 for control investments located in this region was $498,340. This represented 31.2% of net assets as of September 30, 2022. The fair value as of September 30, 2022 for affiliate investments located in this region was $83,950. This represented 15.2% of net assets as of September 30, 2022.
(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, 2022 (see Note K). 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.
________________
(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, fees and dividends 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 from investments transferred 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, 2021 for control investments located in this region was $297,953. This represented 25.9% of net assets as of September 30, 2021. The fair value as of September 30, 2021 for affiliate investments located in this region was $41,535. This represented 13.9% of net assets as of September 30, 2021.
(6)Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2021 for control investments located in this region was $117,017. This represented 10.8% of net assets as of September 30, 2021. The fair value as of September 30, 2021 for affiliate investments located in this region was $144,241. This represented 21.7% of net assets as of September 30, 2021.
(7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2021 for control investments located in this region was $44,538. This represented 1.2% of net assets as of September 30, 2021. The fair value as of September 30, 2021 for affiliate investments located in this region was $134,602. This represented 40.5% of net assets as of September 30, 2021.
(8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2021 for control investments located in this region was $573,437. This represented 44.4% of net assets as of September 30, 2021. The fair value as of September 30, 2021 for affiliate investments located in this region was $109,522. This represented 20.5% of net assets as of September 30, 2021.
(9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2021 for control investments located in this region was $303,273. This represented 37.3% of net assets as of September 30, 2021. The fair value as of September 30, 2021 for affiliate investments located in this region was $55,239. This represented 17.3% of net assets as of September 30, 2021.
(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, 2021 (see Note K). The fair value of the investment includes the impact of the fair value of any unfunded commitments.