Consolidated Schedule of Investments In and Advances to Affiliates (Tables)

v3.25.1

Consolidated Schedule of Investments In and Advances to Affiliates (Tables)	3 Months Ended
	Mar. 31, 2025
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Schedule of Investments in and Advances to Affiliates, Schedule of Investments	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) March 31, 2025 Fair Value (13) Majority-owned investments Analytical Systems Keco Holdings, LLC Secured Debt (8) $ —  $ —  $ —  $ —  $ —  $ —  $ —  17.50% Secured Debt (8) —  —  180  4,048  3  50  4,001  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  (160) —  5,300  —  160  5,140  Warrants (8) —  —  —  —  —  —  —  BDB Holdings, LLC Preferred Equity (7) —  —  —  18,920  —  —  18,920  12.00% Secured Debt (12) (7) —  —  4  —  420  —  420  Brewer Crane Holdings, LLC 14.48% SF+ 10.00% Secured Debt (9) —  —  181  5,016  —  —  5,016  Preferred Member Units (9) —  (570) 30  4,680  —  570  4,110  Café Brazil, LLC Member Units (8) —  (100) —  1,200  —  100  1,100  California Splendor Holdings LLC 14.00% 4.00% Secured Debt (9) —  388  984  28,465  582  1,092  27,955  4.00% Secured Debt (12) (9) —  —  40  1,506  14  1,539  (19) Preferred Member Units (9) —  —  63  22,215  —  —  22,215  15.00% 15.00% Preferred Member Units (9) —  —  409  10,909  409  —  11,318  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  1  —  —  —  —  9.00% Secured Debt (5) —  2  159  6,760  —  240  6,520  10.00% Secured Debt (5) —  —  24  973  —  11  962  Member Units (5) —  50  443  10,990  50  —  11,040  Member Units (5) —  320  —  950  320  —  1,270  Cody Pools, Inc. Secured Debt (12) (8) —  (2) 7  —  2  2  —  12.50% Secured Debt (8) —  (3) 1,201  39,227  3  1,515  37,715  Preferred Member Units (8) —  1,690  1,284  67,810  1,690  —  69,500  CompareNetworks Topco, LLC 13.48% SF+ 9.00% Secured Debt (9) —  —  107  2,903  7  210  2,700  Preferred Member Units (9) —  (650) —  11,260  —  650  10,610  Cybermedia Technologies, LLC Secured Debt (6) —  —  3  —  —  —  —  13.00% Secured Debt (6) —  (509) 901  27,116  15  509  26,622  Preferred Member Units (6) —  (5,980) 63  15,000  —  5,980  9,020  Datacom, LLC 7.50% Secured Debt (8) —  —  17  493  586  135  944  10.00% Secured Debt (8) —  —  235  7,947  35  68  7,914  Preferred Member Units (8) —  —  —  240  —  —  240  Direct Marketing Solutions, Inc. Secured Debt (9) —  (7) 11  —  7  7  —  14.00% Secured Debt (9) —  (10) 837  23,902  10  420  23,492  Preferred Stock (9) —  540  —  17,930  540  —  18,470  Gamber-Johnson Holdings, LLC SF+ 7.50% Secured Debt (12) (5) —  —  2  —  —  —  —  11.50% SF+ 7.50% Secured Debt (12) (5) —  (12) 2,114  73,126  12  12  73,126  Member Units (5) —  —  1,903  114,750  —  —  114,750  Garreco, LLC Member Units (8) —  (230) 19  2,060  —  230  1,830  GRT Rubber Technologies LLC 10.48% SF+ 6.00% Secured Debt (12) (8) —  (1) 83  3,146  1  1  3,146  12.48% SF+ 8.00% Secured Debt (8) —  (12) 1,273  40,493  12  12  40,493  Member Units (8) —  —  1,506  45,890  —  —  45,890  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (8) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (8) —  298  —  1,518  220  —  1,738  Preferred Equity (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) March 31, 2025 Fair Value (13) Member Units (8) —  —  —  —  —  —  —  IG Investor, LLC 13.00% Secured Debt (12) (6) —  26  57  1,572  28  —  1,600  13.00% Secured Debt (6) —  227  1,160  35,257  247  440  35,064  Common Equity (6) —  1,550  —  16,230  1,550  —  17,780  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  —  —  —  —  —  14.25% P+ 6.75% Secured Debt (9) —  —  53  1,498  —  160  1,338  Member Units (9) —  (280) 260  11,820  —  280  11,540  MSC Adviser I, LLC Member Units (8) —  (7,830) 2,493  246,000  —  7,830  238,170  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  1  —  —  —  —  10.00% Secured Debt (6) —  (2) 145  5,746  2  2  5,746  Common Stock (6) —  —  942  26,370  —  —  26,370  NRP Jones, LLC 12.00% Secured Debt (5) —  —  70  2,178  5  —  2,183  Member Units (5) —  (1,178) —  2,696  —  1,178  1,518  Member Units (5) —  (32) —  94  —  32  62  Preferred Equity (5) —  756  —  —  1,238  —  1,238  OMi Topco, LLC Secured Debt (8) —  (30) 207  9,000  —  9,000  —  Preferred Member Units (8) —  3,100  7,487  72,720  3,100  —  75,820  12.00% Secured Debt (8) —  49  101  —  14,000  —  14,000  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  164  4,861  4  —  4,865  Preferred Member Units (8) —  350  327  12,600  350  —  12,950  Common Stock (8) —  20  —  600  20  —  620  Quality Lease Service, LLC Member Units (7) —  —  —  460  —  —  460  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  —  (39) —  6  (45) 12.50% 10.00% Secured Debt (9) —  —  —  14,562  —  210  14,352  Preferred Equity (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  1  (1) —  —  (1) 13.50% Secured Debt (7) —  —  274  7,855  7  —  7,862  Common Stock (7) —  —  29  8,570  —  —  8,570  Victory Energy Operations, LLC Secured Debt (8) —  —  6  (33) 2  —  (31) 13.00% Secured Debt (8) —  —  1,592  47,792  24  —  47,816  Preferred Equity (8) —  —  116  22,686  —  —  22,686  Volusion, LLC 10.00% Secured Debt (8) —  —  52  2,100  —  —  2,100  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) 22  (1,528) —  7,003  21  1,854  5,170  Preferred Member Units (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  54  1,750  —  —  1,750  Preferred Member Units (8) —  (160) —  320  —  160  160  Warrants (8) —  —  —  —  —  —  —  Other controlled investments 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) —  (166) —  8,818  80  166  8,732  LP Interests (2717 HPP-MS, L.P.) (8) —  —  —  383  —  —  383  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) March 31, 2025 Fair Value (13) LP Interests (2717 GRE-LP, L.P.) (8) —  —  —  441  —  —  441  HPEP 423 COR, LP LP Interests (423 COR, L.P.) (8) —  83  —  4,187  83  —  4,270  American Nuts, LLC Preferred Equity (9) —  —  —  —  8,970  —  8,970  12.95% SF+ 8.50% 12.95% Secured Debt (9) —  —  11  —  7,410  —  7,410  12.95% SF+ 8.50% 12.95% Secured Debt (9) —  —  11  —  7,410  —  7,410  ASC Interests, LLC 13.00% Secured Debt (8) —  —  13  400  —  —  400  13.00% Secured Debt (8) —  —  53  1,598  —  73  1,525  Preferred Member Units (8) —  —  —  —  —  —  —  Member Units (8) —  —  —  —  —  —  —  ATS Workholding, LLC 5.00% Secured Debt (9) —  (155) —  113  42  155  —  5.00% Secured Debt (9) —  (143) —  143  —  143  —  Preferred Member Units (9) —  —  —  —  —  —  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  12  711  —  —  711  Member Units (5) —  (100) 1,103  5,860  —  100  5,760  Batjer TopCo, LLC 11.00% Secured Debt (12) (8) —  —  10  446  —  270  176  11.00% Secured Debt (12) (8) —  —  7  270  —  —  270  11.00% Secured Debt (8) —  —  279  10,529  5  —  10,534  Preferred Stock (8) —  —  188  5,160  —  —  5,160  Bolder Panther Group, LLC 11.70% SF+ 7.33% Secured Debt (9) —  (35) 2,987  101,643  34  631  101,046  8.00% Class B Preferred Member Units (9) —  480  795  30,520  480  —  31,000  Secured Debt (9) —  —  40  —  —  —  —  Bridge Capital Solutions Corporation Preferred Member Units (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  CBT Nuggets, LLC Member Units (9) —  —  824  49,540  —  —  49,540  Centre Technologies Holdings, LLC SF+ 10.00% Secured Debt (12) (8) —  —  3  —  —  —  —  14.48% SF+ 10.00% Secured Debt (8) —  (5) 876  25,534  5  1,075  24,464  Preferred Member Units (8) —  1,870  30  12,410  1,870  —  14,280  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (22) 24  —  22  22  —  12.49% SF+ 8.00% Secured Debt (8) —  3  503  15,620  1,600  —  17,220  Member Units (8) —  1,130  2,791  33,110  1,130  —  34,240  Member Units (8) —  80  23  3,550  80  —  3,630  Charps, LLC 10.00% Unsecured Debt (5) —  (23) 219  5,694  23  23  5,694  Preferred Member Units (5) —  —  329  15,580  —  —  15,580  Colonial Electric Company LLC Secured Debt (12) (6) —  —  2  —  —  —  —  12.00% Secured Debt (6) —  (8) 428  14,310  8  323  13,995  Preferred Member Units (6) —  760  414  13,570  760  —  14,330  Compass Systems & Sales, LLC Secured Debt (5) —  —  1  (21) 2  —  (19) 13.50% Secured Debt (5) —  —  589  17,067  9  —  17,076  Preferred Equity (5) —  4  60  7,450  4  —  7,454  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  500  15  —  515  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) March 31, 2025 Fair Value (13) Digital Products Holdings LLC 14.38% SF+ 10.00% Secured Debt (5) —  —  453  12,422  12  330  12,104  Preferred Member Units (5) —  —  50  9,835  —  —  9,835  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (5) —  —  2  (5) —  —  (5) 12.00% Secured Debt (5) —  —  551  17,969  9  70  17,908  9.00% Secured Debt (5) —  —  141  6,207  1  13  6,195  Common Stock (5) —  (690) —  5,730  —  690  5,040  Common Stock (5) —  50  —  3,050  50  —  3,100  Harrison Hydra-Gen, Ltd. Common Stock (8) —  50  —  7,010  50  —  7,060  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  711  23,216  12  —  23,228  Preferred Equity (9) —  490  285  13,180  490  —  13,670  KBK Industries, LLC 9.00% Secured Debt (5) —  (4) 85  3,700  4  304  3,400  Member Units (5) —  —  707  25,180  —  —  25,180  Kickhaefer Manufacturing Company, LLC 11.50% Secured Debt (5) —  —  423  14,987  2  800  14,189  9.00% Secured Debt (5) —  —  89  3,926  —  12  3,914  Preferred Equity (5) —  650  —  12,240  650  —  12,890  Member Units (5) —  —  30  2,710  —  —  2,710  Metalforming Holdings, LLC Secured Debt (12) (7) —  —  6  (11) 4  —  (7) 9.75% Secured Debt (7) —  —  498  20,844  20  1,931  18,933  8.00% 8.00% Preferred Equity (7) —  (481) 604  6,397  —  481  5,916  Common Stock (7) —  520  698  6,850  520  —  7,370  Moffitt Holdings, LLC 13.00% (8) —  —  520  —  34,656  —  34,656  (8) —  —  —  —  14,300  —  14,300  MS Private Loan Fund I, LP 5.00% Secured Debt (8) —  —  55  1,600  10,100  1,700  10,000  LP Interests (12) (8) —  (177) 479  14,034  —  177  13,857  MS Private Loan Fund II, LP SF+ 3.50% Secured Debt (12) (8) —  —  12  (59) 605  650  (104) LP Interests (12) (8) —  —  219  7,843  708  —  8,551  MSC Income Fund, Inc. Common Equity (8) —  202  495  16,810  4,702  —  21,512  MVI MSO, LLC (Milford Vascular) 13.00% (6) —  —  199  —  9,753  —  9,753  (6) —  —  —  —  2,700  —  2,700  NAPCO Precast, LLC Member Units (8) —  (160) 137  9,050  —  160  8,890  Nello Industries Investco, LLC SF+ 6.50% Secured Debt (5) —  —  16  (16) 16  —  —  13.50% Secured Debt (5) —  —  932  26,959  13  —  26,972  Common Equity (5) —  940  171  15,560  940  —  16,500  NexRev LLC Secured Debt (8) —  —  —  —  —  —  —  Secured Debt (8) —  (9) 151  9,811  9  9,820  —  Preferred Member Units (8) —  1,510  413  11,910  1,510  —  13,420  NuStep, LLC 10.98% SF+ 6.50% Secured Debt (5) —  —  99  3,600  —  —  3,600  12.00% Secured Debt (5) —  —  554  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) —  —  —  —  —  —  —  15.48% SF+ 11.00% Secured Debt (5) —  (12) 846  21,960  12  412  21,560  Preferred Stock (5) —  —  60  13,450  —  —  13,450  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (1) 3  —  1  1  —  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) March 31, 2025 Fair Value (13) 13.00% Secured Debt (8) —  (14) 945  28,640  14  14  28,640  Preferred Equity (8) —  1,740  782  18,360  1,740  —  20,100  PPL RVs, Inc. SF+ 7.00% Secured Debt (8) —  —  —  —  —  —  —  11.48% SF+ 7.00% Secured Debt (8) —  (15) 489  16,456  15  915  15,556  Common Stock (8) —  1,050  177  17,110  1,050  —  18,160  Common Stock (8) —  —  —  514  —  —  514  River Aggregates, LLC Member Units (8) —  —  —  9,530  —  —  9,530  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (92) —  1,646  —  91  1,555  12.00% 12.00% Secured Debt (9) —  (396) —  3,603  —  396  3,207  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  769  —  4,252  769  —  5,021  Preferred Stock (8) —  —  —  1,794  —  —  1,794  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  4  —  —  —  —  11.50% Secured Debt (5) —  —  754  25,661  13  —  25,674  Preferred Equity (5) —  —  99  12,240  —  —  12,240  Other Amounts related to investments transferred to or from other 1940 Act classification during the period Total Control investments $ 22  $ 401  $ 56,242  $ 2,087,890  $ 141,679  $ 56,613  $ 2,172,956  Affiliate Investments 423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ —  $ —  $ 1,226  $ —  $ —  $ 1,226  AAC Holdings, Inc. 18.00% 18.00% Secured Debt (7) (139) 3  —  609  —  609  —  18.00% 18.00% Secured Debt (7) (3,303) 80  —  17,365  —  17,365  —  Preferred Equity (7) —  —  —  —  8,520  —  8,520  10.00% 10.00% Secured Debt (7) —  —  —  —  3,109  —  3,109  10.00% 10.00% Secured Debt (7) —  —  —  —  3,109  —  3,109  Common Stock (7) —  —  —  —  —  —  —  Warrants (7) —  —  —  —  —  —  —  Boccella Precast Products LLC 10.00% Secured Debt (6) —  —  8  266  —  —  266  Member Units (6) —  810  140  310  810  —  1,120  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) —  (368) —  —  368  368  —  Career Team Holdings, LLC 10.38% SF+ 6.00% Secured Debt (12) (6) —  —  42  887  902  —  1,789  12.50% Secured Debt (6) —  —  617  19,364  11  203  19,172  Common Stock (6) —  —  —  4,740  —  —  4,740  Classic H&G Holdings, LLC Preferred Member Units (6) —  (210) —  2,850  —  210  2,640  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) March 31, 2025 Fair Value (13) Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund   III, LP) (8) —  —  —  2,276  —  —  2,276  Connect Telecommunications Solutions Holdings, Inc. 13.00% Secured Debt (6) —  —  910  27,315  14  —  27,329  Preferred Equity (6) —  —  —  12,596  —  —  12,596  DMA Industries, LLC 12.00% Secured Debt (7) —  —  508  16,722  4  —  16,726  Preferred Equity (7) —  —  —  5,944  —  —  5,944  12.00% Secured Debt (7) —  —  17  555  —  —  555  15.00% 15.00% Preferred Equity (7) —  —  120  3,240  120  —  3,360  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  —  —  7,708  —  —  7,708  LP Interests (Dos Rios Partners - A, LP) (8) —  —  —  2,447  —  —  2,447  Dos Rios Stone Products LLC Class A Preferred Units (8) —  —  —  —  —  —  —  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) —  —  9  369  —  —  369  FCC Intermediate Holdco, LLC 13.00% Secured Debt (5) —  3,438  1,305  29,109  3,691  410  32,390  Warrants (5) —  3,790  390  10,840  3,790  —  14,630  Flame King Holdings, LLC Preferred Equity (9) —  3,450  2,296  35,920  3,450  —  39,370  Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (5) —  —  —  2,190  —  —  2,190  LP Interests (Freeport First Lien Loan Fund III LP) (5) —  —  —  1,263  —  965  298  GFG Group, LLC 8.00% Secured Debt (5) —  (4) 168  8,185  4  4  8,185  Preferred Member Units (5) —  (930) 437  10,540  —  930  9,610  Gulf Manufacturing, LLC SF+ 7.63% Secured Debt (8) —  (2) 9  —  2  2  —  12.00% SF+ 7.63% Secured Debt (8) —  (23) 1,177  39,000  23  523  38,500  Member Units (8) —  —  178  14,730  —  —  14,730  Common Stock (8) —  132  —  888  132  —  1,020  Hawk Ridge Systems, LLC 10.48% SF+ 6.00% Secured Debt (9) —  —  83  2,645  1,497  1,640  2,502  12.50% Secured Debt (9) —  (14) 1,428  45,256  14  14  45,256  Preferred Member Units (9) —  860  —  20,260  860  —  21,120  Preferred Member Units (9) —  40  —  1,070  40  —  1,110  Houston Plating and Coatings, LLC 10.00% Unsecured Convertible Debt (8) —  —  75  2,940  —  —  2,940  Member Units (8) —  310  49  3,930  310  —  4,240  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  194  —  4,472  194  204  4,462  LP Interests (HPEP 4, L.P.) (12) (8) —  113  —  5,861  113  —  5,974  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (540) —  20,390  —  540  19,850  Infinity X1 Holdings, LLC 12.00% Secured Debt (9) —  (9) 453  15,050  9  234  14,825  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) March 31, 2025 Fair Value (13) Preferred Equity (9) —  (1,150) 838  9,080  —  1,150  7,930  Integral Energy Services 12.07% SF+ 7.50% Secured Debt (8) —  —  403  12,728  13  —  12,741  10.00% 10.00% Preferred Equity (8) —  —  6  452  6  —  458  Common Stock (8) —  —  —  550  —  —  550  Iron-Main Investments, LLC 13.00% Secured Debt (5) —  —  148  4,493  2  —  4,495  13.00% Secured Debt (5) —  —  97  2,927  1  —  2,928  13.00% Secured Debt (5) —  —  291  8,944  —  —  8,944  13.00% Secured Debt (5) —  —  579  17,542  7  —  17,549  13.00% Secured Debt (5) —  —  337  9,638  22  288  9,372  Common Stock (5) —  —  —  2,850  —  —  2,850  25.00% 25.00% Preferred Equity (5) —  —  —  760  —  —  760  ITA Holdings Group, LLC 12.96% SF+ 8.50% Secured Debt (8) —  (1) 40  1,180  1  1  1,180  12.96% SF+ 8.50% Secured Debt (8) —  (1) 34  994  1  1  994  11.96% SF+ 7.50% Secured Debt (8) —  (67) 201  4,438  67  67  4,438  13.96% SF+ 9.50% Secured Debt (8) —  (67) 223  4,438  67  67  4,438  Warrants (8) —  970  —  5,690  970  —  6,660  Johnson Downie Opco, LLC Secured Debt (12) (8) —  (2) 6  —  2  2  —  15.00% Secured Debt (8) —  (12) 818  21,507  12  12  21,507  Preferred Equity (8) —  1,480  384  14,550  1,480  —  16,030  KMS, LLC 14.50% SF+ 9.75% Secured Debt (5) (415) 339  —  663  —  663  —  14.50% SF+ 9.75% Secured Debt (5) (3,037) 2,562  —  4,779  —  4,779  —  SF+ 9.75% 14.23% Secured Debt (5) —  —  7  450  —  450  —  SF+ 9.75% 14.23% Secured Debt (5) —  —  7  440  —  440  —  14.23% SF+ 9.75% 14.23% Secured Debt (5) —  —  3  —  —  —  —  12.50% 12.50% Secured Debt (12) (5) —  —  20  —  1,073  —  1,073  12.50% 12.50% Secured Debt (5) —  —  20  —  1,144  —  1,144  Preferred Equity (5) —  —  —  —  4,890  —  4,890  Mills Fleet Farm Group, LLC 9.79% SF+ 5.50% Secured Debt (5) —  —  44  —  2,652  —  2,652  Common Equity (5) —  (500) —  13,840  —  500  13,340  MoneyThumb Acquisition, LLC 14.00% Secured Debt (9) —  —  370  8,967  34  —  9,001  12.00% 12.00% Preferred Member Units (9) —  —  51  1,707  51  —  1,758  Warrants (9) —  —  —  594  —  —  594  Nebraska Vet AcquireCo, LLC SF+ 7.00% Secured Debt (12) (5) —  (1) 3  —  1  1  —  Preferred Member Units (5) —  28,520  570  32,040  28,520  —  60,560  12.50% Secured Debt (5) —  (12) 1,956  62,200  12  12  62,200  12.50% Secured Debt (5) —  (8) 224  4,650  2,608  8  7,250  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  —  —  99  —  —  99  12.00% 12.00% Secured Debt (8) —  —  —  101  —  —  101  12.00% 12.00% Secured Debt (8) —  —  —  218  —  —  218  12.00% 12.00% Secured Debt (8) —  —  —  457  —  —  457  10.00% 10.00% Unsecured Debt (8) —  —  —  305  —  —  305  7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Warrants (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) March 31, 2025 Fair Value (13) Oneliance, LLC Preferred Stock (7) —  250  52  2,580  250  —  2,830  RA Outdoors (Aspira) LLC 11.25% SF+ 6.75% Secured Debt (8) —  (20) 40  1,257  3  60  1,200  11.25% SF+ 6.75% Secured Debt (8) —  (207) 408  13,155  11  621  12,545  Common Equity (8) —  —  —  —  —  —  —  SI East, LLC 11.75% Secured Debt (12) (7) —  (1) 72  2,250  1  1  2,250  12.82% Secured Debt (7) —  (4) 2,172  67,661  4  4  67,661  Preferred Member Units (7) —  (1,190) —  13,660  —  1,190  12,470  Slick Innovations, LLC Secured Debt (6) —  (139) 510  16,320  —  16,320  —  14.00% Secured Debt (6) —  282  441  —  25,880  —  25,880  Common Stock (6) —  (550) 873  2,440  —  550  1,890  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (744) —  1,644  —  744  900  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  673  4  204  678  —  882  Superior Rigging & Erecting Co. Preferred Member Units (7) —  3,870  —  10,530  3,870  —  14,400  The Affiliati Network, LLC 10.00% Secured Debt (12) (9) —  —  12  394  1,281  1,560  115  10.00% Secured Debt (9) —  51  133  5,053  54  —  5,107  Preferred Stock (9) —  —  51  6,400  —  —  6,400  Preferred Stock (9) —  —  —  287  26  —  313  UnionRock Energy Fund II, LP LP Interests (12) (9) —  —  —  4,732  —  168  4,564  UnionRock Energy Fund III, LP LP Interests (12) (9) —  —  —  5,612  —  363  5,249  UniTek Global Services, Inc. 15.00% Secured Convertible Debt (6) 3,762  (2,384) 41  5,642  504  6,146  —  15.00% Secured Convertible Debt (6) 1,743  (1,155) 21  2,662  236  2,898  —  20.00% Preferred Stock (6) —  —  104  3,182  1,632  4,814  —  20.00% 20.00% Preferred Stock (6) —  —  —  4,272  5,904  —  10,176  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) —  —  301  8,727  4  —  8,731  9.00% 9.00% Preferred Equity (5) —  —  95  4,320  95  —  4,415  World Micro Holdings, LLC 11.00% Secured Debt (7) —  —  299  10,702  11  879  9,834  Preferred Equity (7) —  —  22  3,845  —  —  3,845  Other Amounts related to investments transferred to or from other 1940 Act classification during the period 3,452  (2,900) (17) (6,332) —  —  —  Total Affiliate investments $ 2,064  $ 39,003  $ 23,734  $ 846,798  $ 115,176  $ 68,980  $ 899,326  ___________________________ (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 March 31, 2025 for control investments located in this region was $538,021. This represented 18.9% of net assets as of March 31, 2025. The fair value as of March 31, 2025 for affiliate investments located in this region was $280,456. This represented 9.9% of net assets as of March 31, 2025. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of March 31, 2025 for control investments located in this region was $162,980. This represented 5.7% of net assets as of March 31, 2025. The fair value as of March 31, 2025 for affiliate investments located in this region was $129,230. This represented 4.6% of net assets as of March 31, 2025. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2025 for control investments located in this region was $68,443. This represented 2.4% of net assets as of March 31, 2025. The fair value as of March 31, 2025 for affiliate investments located in this region was $154,613. This represented 5.4% of net assets as of March 31, 2025. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2025 for control investments located in this region was $1,002,909. This represented 35.3% of net assets as of March 31, 2025. The fair value as of March 31, 2025 for affiliate investments located in this region was $169,813. This represented 6.0% of net assets as of March 31, 2025. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of March 31, 2025 for control investments located in this region was $400,603. This represented 14.1% of net assets as of March 31, 2025. The fair value as of March 31, 2025 for affiliate investments located in this region was $165,214. This represented 5.8% of net assets as of March 31, 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 March 31, 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. 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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) Majority-owned investments Analytical Systems Keco Holdings, LLC 15.38% SF+ 10.00% Secured Debt (12) (8) $ —  $ —  $ —  $ 219  $ —  $ —  $ 219  15.38% SF+ 10.00% Secured Debt (8) —  —  166  4,084  17  70  4,031  14.13% Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  690  —  4,860  690  —  5,550  Warrants (8) —  —  —  —  —  —  —  Brewer Crane Holdings, LLC 15.48% SF+ 10.00% Secured Debt (9) —  —  210  5,498  —  124  5,374  Preferred Member Units (9) —  100  30  5,620  100  —  5,720  Café Brazil, LLC Member Units (8) —  (71) 9  1,980  —  71  1,909  California Splendor Holdings LLC 14.00% 4.00% Secured Debt (9) —  (79) 1,088  27,655  6  78  27,583  Preferred Member Units (9) —  —  63  15,695  —  —  15,695  15.00% 15.00% Preferred Member Units (9) —  —  208  4,601  5,208  —  9,809  Clad-Rex Steel, LLC 12.00% Secured Debt (12) (5) —  —  1  —  —  —  —  12.00% Secured Debt (5) —  —  261  8,422  —  12  8,410  10.00% Secured Debt (5) —  —  25  1,004  —  9  995  Member Units (5) —  (1,140) —  5,200  —  1,140  4,060  Member Units (5) —  (179) —  1,129  —  179  950  Cody Pools, Inc. 12.50% Secured Debt (12) (8) —  6  24  —  1,264  1,264  —  12.50% Secured Debt (8) —  (3) 1,312  42,073  3  639  41,437  Preferred Member Units (8) —  1,730  612  72,470  1,730  —  74,200  CompareNetworks Topco, LLC 14.48% SF+ 9.00% Secured Debt (9) —  —  —  —  —  —  —  14.48% SF+ 9.00% Secured Debt (9) —  69  127  3,454  —  292  3,162  Preferred Member Units (9) —  (430) —  14,450  —  430  14,020  Cybermedia Technologies, LLC 10.00% Secured Debt (12) (6) —  —  3  —  —  —  —  13.00% Secured Debt (6) —  —  946  28,389  17  362  28,044  Preferred Member Units (6) —  1,020  896  15,000  1,020  —  16,020  Datacom, LLC 7.50% Secured Debt (8) —  —  6  447  225  180  492  10.00% Secured Debt (8) —  —  247  7,587  37  67  7,557  Preferred Member Units (8) —  80  —  70  80  —  150  Direct Marketing Solutions, Inc. 14.00% Secured Debt (9) —  (7) 37  1,233  1,282  2,515  —  14.00% Secured Debt (9) —  (11) 906  25,543  11  421  25,133  Preferred Stock (9) —  (500) —  20,740  —  500  20,240  Elgin AcquireCo, LLC 11.38% SF+ 6.00% Secured Debt (12) (5) —  —  2  (7) —  —  (7) 12.00% Secured Debt (5) —  —  569  18,632  13  470  18,175  9.00% Secured Debt (5) —  —  143  6,252  1  12  6,241  Common Stock (5) —  —  —  6,090  —  —  6,090  Common Stock (5) —  —  —  1,670  —  —  1,670  Gamber-Johnson Holdings, LLC 10.00% SF+ 7.00% Secured Debt (12) (5) —  —  2  —  —  —  —  10.00% SF+ 7.00% Secured Debt (5) —  (24) 1,368  54,078  24  1,624  52,478  Member Units (5) —  9,840  1,493  96,710  9,840  —  106,550  GRT Rubber Technologies LLC 11.48% SF+ 6.00% Secured Debt (12) (8) —  —  70  2,400  —  —  2,400  13.48% SF+ 8.00% Secured Debt (8) —  (12) 1,391  40,493  12  12  40,493  Member Units (8) —  —  42  44,440  —  —  44,440  Gulf Publishing Holdings, LLC 14.98% SF+ 9.50% Secured Debt (12) (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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) 12.50% Secured Debt (8) —  —  76  2,284  —  —  2,284  Preferred Equity (8) —  (930) —  2,460  —  930  1,530  Member Units (8) —  —  —  —  —  —  —  IG Investor, LLC 13.00% Secured Debt (12) (6) —  —  7  (35) 2  —  (33) 13.00% Secured Debt (6) —  —  1,232  36,934  22  440  36,516  Common Equity (6) —  —  —  14,400  —  —  14,400  Jensen Jewelers of Idaho, LLC 15.25% P+ 6.75% Secured Debt (12) (9) —  —  3  —  —  —  —  15.25% P+ 6.75% Secured Debt (9) —  —  76  1,998  —  98  1,900  Member Units (9) —  240  456  12,420  240  —  12,660  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  603  19,774  2  —  19,776  9.00% Secured Debt (5) —  —  87  3,805  —  10  3,795  Preferred Equity (5) —  890  —  9,690  890  —  10,580  Member Units (5) —  —  31  2,730  —  —  2,730  Metalforming Holdings, LLC 11.75% Secured Debt (12) (7) —  —  3  —  —  —  —  11.75% Secured Debt (7) —  —  724  23,623  20  1,146  22,497  8.00% 8.00% Preferred Equity (7) —  118  —  6,035  118  119  6,034  Common Stock (7) —  980  382  1,500  980  —  2,480  MH Corbin Holding LLC 14.00% Secured Debt (5) —  —  184  5,022  —  80  4,942  Preferred Member Units (5) —  —  —  330  —  —  330  Preferred Member Units (5) —  —  —  —  —  —  —  MSC Adviser I, LLC Member Units (8) —  11,197  3,000  174,063  11,197  —  185,260  Mystic Logistics Holdings, LLC 10.00% Secured Debt (12) (6) —  —  1  —  —  —  —  10.00% Secured Debt (6) —  20  145  5,746  —  —  5,746  Common Stock (6) —  —  992  26,390  —  —  26,390  OMi Topco, LLC 12.00% Secured Debt (8) —  (10) 396  12,750  10  760  12,000  Preferred Member Units (8) —  4,840  675  36,380  4,840  —  41,220  PPL RVs, Inc. 14.23% SF+ 8.75% Secured Debt (8) —  —  —  —  —  —  —  14.23% SF+ 8.75% Secured Debt (8) —  (14) 726  19,877  14  258  19,633  Common Stock (8) —  (1,110) —  16,980  —  1,110  15,870  Common Stock (8) —  —  —  368  —  —  368  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  200  5,829  6  —  5,835  Preferred Member Units (8) —  —  246  10,750  —  —  10,750  Common Stock (8) —  —  —  510  —  —  510  Quality Lease Service, LLC Member Units (7) —  —  —  460  —  —  460  Robbins Bros. Jewelry, Inc. 12.50% Secured Debt (9) —  —  8  (26) 2  —  (24) 12.50% Secured Debt (9) —  (5,999) 1,083  30,798  20  6,449  24,369  Preferred Equity (9) —  —  6  —  —  —  —  Trantech Radiator Topco, LLC 11.50% Secured Debt (12) (7) —  —  1  —  —  —  —  13.50% Secured Debt (7) —  77  252  7,920  —  —  7,920  Common Stock (7) —  (1,130) 29  12,740  —  1,130  11,610  Volusion, LLC 10.00% Secured Debt (8) —  —  53  2,100  —  —  2,100  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  1,015  —  7,250  1,015  1,015  7,250  Preferred Member Units (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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) Common Stock (8) —  —  —  —  —  —  —  Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  14  450  —  —  450  6.50% Secured Debt (8) —  —  16  945  —  —  945  14.00% Secured Debt (8) —  (113) 97  2,080  —  113  1,967  Preferred Member Units (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Other controlled investments 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) 10  —  40  6,050  10  10  6,050  LP Interests (2717 HPP-MS, L.P.) (12) (8) —  —  —  315  —  —  315  ASC Interests, LLC 13.00% Secured Debt (8) —  —  13  400  —  —  400  13.00% Secured Debt (8) —  —  54  1,597  1  —  1,598  Preferred Member Units (8) —  —  —  266  —  —  266  Member Units (8) —  —  —  100  —  —  100  ATS Workholding, LLC 5.00% Secured Debt (9) —  (238) —  328  167  238  257  5.00% Secured Debt (9) —  (130) —  473  —  130  343  Preferred Member Units (9) —  —  —  —  —  —  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  13  711  —  —  711  Member Units (5) —  480  —  4,140  480  —  4,620  Batjer TopCo, LLC 10.00% Secured Debt (12) (8) —  —  6  —  450  —  450  10.00% Secured Debt (12) (8) —  —  7  270  —  —  270  10.00% Secured Debt (8) —  (5) 273  10,575  5  5  10,575  Preferred Stock (8) —  —  351  6,150  —  1  6,149  Bolder Panther Group, LLC 13.46% SF+ 8.09% Secured Debt (9) —  10  3,308  96,556  7,536  660  103,432  8.00% Class B Preferred Member Units (9) —  1,990  875  31,020  1,990  —  33,010  Bridge Capital Solutions Corporation 13.00% Secured Debt (6) —  —  290  8,813  —  —  8,813  13.00% Secured Debt (6) —  —  33  1,000  —  —  1,000  Preferred Member Units (6) —  —  25  1,000  —  —  1,000  Warrants (6) —  —  —  1,808  —  —  1,808  Warrants (6) —  —  —  2,482  —  —  2,482  CBT Nuggets, LLC Member Units (9) —  —  824  50,130  —  —  50,130  Centre Technologies Holdings, LLC 14.48% SF+ 9.00% Secured Debt (12) (8) —  —  3  —  —  —  —  14.48% SF+ 9.00% Secured Debt (8) —  257  522  —  21,974  —  21,974  14.48% SF+ 9.00% Secured Debt (8) —  (62) 281  17,574  —  17,574  —  Preferred Member Units (8) —  1,109  30  11,040  1,109  —  12,149  Chamberlin Holding LLC 11.49% SF+ 6.00% Secured Debt (12) (8) —  (22) 25  —  22  22  —  13.49% SF+ 8.00% Secured Debt (8) —  —  533  15,620  —  —  15,620  Member Units (8) —  250  1,464  29,320  250  —  29,570  Member Units (8) —  140  23  2,860  140  —  3,000  Charps, LLC 10.00% Unsecured Debt (5) —  (122) 264  5,694  122  122  5,694  Preferred Member Units (5) —  350  —  15,690  350  —  16,040  Colonial Electric Company LLC 12.00% Secured Debt (6) —  —  2  —  —  —  —  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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) 12.00% Secured Debt (6) —  319  662  21,627  339  1,995  19,971  Preferred Member Units (6) —  —  —  2,400  —  —  2,400  Preferred Member Units (6) —  650  94  7,680  650  —  8,330  Compass Systems & Sales, LLC 13.50% Secured Debt (5) —  —  —  —  —  —  —  13.50% Secured Debt (5) —  —  595  17,034  8  —  17,042  Preferred Equity (5) —  —  60  7,454  —  —  7,454  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  568  —  —  568  Digital Products Holdings LLC 15.38% SF+ 10.00% Secured Debt (5) —  —  583  14,690  22  1,452  13,260  Preferred Member Units (5) —  —  50  9,835  —  —  9,835  Garreco, LLC 9.50% SF+ 8.00% Secured Debt (8) —  —  74  3,088  —  —  3,088  Member Units (8) —  —  28  1,580  —  —  1,580  Harrison Hydra-Gen, Ltd. Common Stock (8) —  260  —  4,660  260  —  4,920  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  791  25,483  13  —  25,496  Preferred Equity (9) —  —  243  10,741  —  —  10,741  KBK Industries, LLC 9.00% Secured Debt (5) —  (4) 110  4,700  4  204  4,500  Member Units (5) —  1,590  572  22,770  1,590  —  24,360  MS Private Loan Fund I, LP 5.00% Secured Debt (12) (8) —  —  13  —  5,000  3,000  2,000  LP Interests (12) (8) —  —  508  14,527  —  —  14,527  MS Private Loan Fund II, LP 8.88% SF+ 3.50% Secured Debt (12) (8) —  —  703  23,367  9,520  5,000  27,887  LP Interests (12) (8) —  85  26  1,561  1,795  —  3,356  MSC Income Fund, Inc. Common Equity (8) —  (108) 523  10,025  2,501  108  12,418  NAPCO Precast, LLC Member Units (8) —  330  32  11,730  330  —  12,060  Nebraska Vet AcquireCo, LLC 12.48% SF+ 7.00% Secured Debt (12) (5) —  —  2  —  —  —  —  11.50% Secured Debt (5) —  (15) 778  25,794  15  15  25,794  11.50% Secured Debt (5) —  (5) 315  10,500  5  5  10,500  Preferred Member Units (5) —  4,390  362  15,020  4,390  —  19,410  NexRev LLC 10.00% Secured Debt (12) (8) —  —  2  —  1,600  —  1,600  10.00% Secured Debt (8) —  —  261  9,751  13  —  9,764  Preferred Member Units (8) —  1,860  103  6,350  1,860  —  8,210  NRP Jones, LLC 12.00% Secured Debt (5) —  —  63  2,080  —  —  2,080  Member Units (5) —  —  —  1,466  —  —  1,466  Member Units (5) —  —  —  53  —  —  53  NuStep, LLC 11.98% SF+ 6.50% Secured Debt (5) —  —  111  3,600  —  —  3,600  12.00% Secured Debt (5) —  —  562  18,426  3  —  18,429  Preferred Member Units (5) —  960  —  9,240  960  —  10,200  Preferred Member Units (5) —  —  —  5,150  —  —  5,150  Orttech Holdings, LLC 16.48% SF+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  —  16.48% SF+ 11.00% Secured Debt (5) —  (12) 926  22,040  12  92  21,960  Preferred Stock (5) —  (710) 60  17,050  —  710  16,340  Pearl Meyer Topco LLC 12.00% Secured Debt (6) —  —  122  3,500  1,500  —  5,000  12.00% Secured Debt (6) —  19  633  20,000  4,000  —  24,000  12.00% Secured Debt (6) —  (8) 848  27,681  8  8  27,681  Preferred Equity (6) —  5,050  2,829  44,090  5,050  —  49,140  Pinnacle TopCo, LLC 8.00% Secured Debt (12) (8) —  —  8  444  1  240  205  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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) 13.00% Secured Debt (8) —  —  1,022  30,339  15  —  30,354  Preferred Equity (8) —  —  316  12,540  —  —  12,540  River Aggregates, LLC Member Units (8) —  —  —  3,710  —  —  3,710  Tedder Industries, LLC 12.00% Secured Debt (9) —  —  56  1,726  —  —  1,726  12.00% Secured Debt (9) —  (6,323) 461  14,262  —  6,323  7,939  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  (1,415) —  4,734  —  1,415  3,319  Preferred Stock (8) —  —  —  1,794  —  —  1,794  Vision Interests, Inc. Series A Preferred Stock (9) —  —  —  3,000  —  —  3,000  VVS Holdco LLC 11.48% SF+ 6.00% Secured Debt (12) (5) —  —  4  —  —  —  —  11.50% Secured Debt (5) —  —  834  28,035  14  —  28,049  Preferred Equity (5) —  —  100  12,240  —  —  12,240  —  —  —  —  —  —  —  —  —  —  —  —  —  —  Other —  —  —  —  —  —  —  Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  1,354  9,070  —  —  —  Total Control investments $ 10  $ 32,070  $ 51,119  $ 2,006,698  $ 117,042  $ 63,458  $ 2,051,212  Affiliate Investments 423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ —  $ —  $ 996  $ 1  $ —  $ 997  AAC Holdings, Inc. 18.00% 18.00% Secured Debt (12) (7) —  (1) 22  418  37  1  454  18.00% 18.00% Secured Debt (7) —  (21) 685  13,895  1,200  21  15,074  Common Stock (7) —  —  —  —  —  —  —  Warrants (7) —  —  —  —  —  —  —  Boccella Precast Products LLC 10.00% Secured Debt (6) —  —  8  320  —  —  320  Member Units (6) —  (960) 8  1,990  —  960  1,030  Buca C, LLC 12.00% Secured Debt (7) —  —  563  12,144  —  —  12,144  6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  —  Career Team Holdings, LLC 11.38% SF+ 6.00% Secured Debt (12) (6) —  —  34  881  902  1,801  (18) 13.00% Secured Debt (6) —  —  668  19,906  11  180  19,737  Common Stock (6) —  —  —  4,500  —  —  4,500  Classic H&G Holdings, LLC 11.63% SF+ 6.00% Secured Debt (12) (6) —  —  134  4,560  —  800  3,760  8.00% Secured Debt (6) —  (11) 400  19,274  11  11  19,274  Preferred Member Units (6) —  1,470  312  16,000  1,470  —  17,470  Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  (51) 74  4,352  —  530  3,822  DMA Industries, LLC 12.00% Secured Debt (7) —  (10) 580  18,800  10  10  18,800  Preferred Equity (7) —  (1,720) —  7,660  —  1,720  5,940  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  —  —  8,443  —  —  8,443  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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) LP Interests (Dos Rios Partners - A, LP) (8) —  —  —  2,631  —  —  2,631  Dos Rios Stone Products LLC Class A Preferred Units (8) —  —  —  1,580  —  —  1,580  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) —  —  20  760  1  —  761  Flame King Holdings, LLC Preferred Equity (9) —  —  680  27,900  —  —  27,900  Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (12) (5) —  (77) —  3,012  —  77  2,935  LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) —  —  138  3,704  1  —  3,705  GFG Group, LLC 8.00% Secured Debt (5) —  (5) 194  9,345  5  5  9,345  Preferred Member Units (5) —  (1,650) 654  11,460  —  1,650  9,810  Gulf Manufacturing, LLC 13.00% SF+ 7.63% Secured Debt (12) (8) —  49  102  —  —  —  —  13.00% SF+ 7.63% Secured Debt (8) —  394  1,552  —  40,000  —  40,000  Member Units (8) —  2,490  924  9,070  2,490  —  11,560  Hawk Ridge Systems, LLC 11.53% SF+ 6.00% Secured Debt (9) —  —  64  1,974  2,182  2,720  1,436  12.50% Secured Debt (9) —  (14) 1,444  45,256  14  14  45,256  Preferred Member Units (9) —  430  —  17,460  430  —  17,890  Preferred Member Units (9) —  20  —  920  20  —  940  Houston Plating and Coatings, LLC 8.00% Unsecured Convertible Debt (8) —  60  61  2,880  60  —  2,940  Member Units (8) —  (130) 1  3,340  —  130  3,210  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  —  —  4,225  —  —  4,225  LP Interests (HPEP 4, L.P.) (12) (8) —  —  —  3,773  —  —  3,773  LP Interests (423 COR, L.P.) (12) (8) —  —  —  1,869  —  —  1,869  I-45 SLF LLC Member Units (Fully diluted 20.0%; 21.75% profits interest) (8) (7,107) 6,710  429  13,490  —  13,490  —  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  220  —  17,690  220  —  17,910  Infinity X1 Holdings, LLC 13.00% Secured Debt (9) —  —  580  17,403  10  224  17,189  Preferred Equity (9) —  —  98  4,000  368  —  4,368  Integral Energy Services 13.09% SF+ 7.50% Secured Debt (8) —  236  511  13,891  267  1,355  12,803  10.00% 10.00% Preferred Equity (8) —  —  9  300  9  —  309  Common Stock (8) —  140  11  160  140  —  300  Iron-Main Investments, LLC 13.50% Secured Debt (5) —  —  156  4,487  2  —  4,489  13.50% Secured Debt (5) —  —  101  2,922  1  —  2,923  13.50% Secured Debt (5) —  —  305  8,944  —  —  8,944  13.50% Secured Debt (5) —  —  677  19,503  8  —  19,511  13.50% Secured Debt (5) —  —  380  10,273  23  201  10,095  Common Stock (5) —  —  —  2,680  —  —  2,680  ITA Holdings Group, LLC 16.53% SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  36  816  5  —  821  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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) 16.53% SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  32  697  5  —  702  15.53% SF+ 8.00% 2.00% Secured Debt (8) —  —  238  3,430  88  —  3,518  17.53% SF+ 10.00% 2.00% Secured Debt (8) —  —  260  3,430  88  —  3,518  Warrants (8) —  —  —  2,091  —  —  2,091  Johnson Downie Opco, LLC 15.00% Secured Debt (12) (8) —  (2) 6  —  2  2  —  15.00% Secured Debt (8) —  (12) 929  24,207  12  12  24,207  Preferred Equity (8) —  170  217  9,620  170  —  9,790  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (42) —  326  —  43  283  12.00% 12.00% Secured Debt (8) —  (43) —  332  —  43  289  12.00% 12.00% Secured Debt (8) —  (93) —  716  —  94  622  12.00% 12.00% Secured Debt (8) —  (195) —  1,493  —  195  1,298  10.00% 10.00% Unsecured Debt (8) —  —  —  305  —  —  305  7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Oneliance, LLC 16.48% SF+ 11.00% Secured Debt (7) —  —  —  —  —  —  —  16.48% SF+ 11.00% Secured Debt (7) —  61  227  5,350  64  80  5,334  Preferred Stock (7) —  —  —  1,128  —  —  1,128  Quality Lease Service, LLC Preferred Member Units (8) (3) —  —  —  —  —  —  SI East, LLC 11.25% Secured Debt (12) (7) —  (1) 39  1,125  1  1  1,125  12.45% Secured Debt (7) —  (14) 1,730  54,536  14  14  54,536  Preferred Member Units (7) —  —  117  19,170  —  —  19,170  Slick Innovations, LLC 14.00% Secured Debt (6) —  108  548  11,440  7,600  160  18,880  Common Stock (6) —  (74) 234  2,310  —  530  1,780  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (1,457) —  3,190  —  1,457  1,733  Preferred Equity (6) —  —  —  —  —  —  —  Superior Rigging & Erecting Co. 12.00% Secured Debt (7) —  —  633  20,427  11  —  20,438  Preferred Member Units (7) —  —  —  5,940  1  —  5,941  The Affiliati Network, LLC 13.00% Secured Debt (9) —  —  5  150  641  800  (9) 13.00% Secured Debt (9) —  —  253  7,347  7  401  6,953  Preferred Stock (9) —  —  26  6,400  —  —  6,400  Preferred Stock (9) —  —  —  172  64  —  236  UnionRock Energy Fund II, LP LP Interests (12) (9) —  —  —  5,694  —  —  5,694  UnionRock Energy Fund III, LP LP Interests (12) (9) —  —  —  2,838  —  —  2,838  UniTek Global Services, Inc. 15.00% 15.00% Secured Convertible Debt (6) —  —  64  3,889  65  —  3,954  15.00% 15.00% Secured Convertible Debt (6) —  —  32  1,908  32  —  1,940  20.00% 20.00% Preferred Stock (6) —  —  132  2,833  132  —  2,965  20.00% 20.00% Preferred Stock (6) —  —  —  3,698  —  —  3,698  19.00% 19.00% Preferred Stock (6) —  —  —  —  —  —  —  13.50% 13.50% Preferred Stock (6) —  —  —  —  —  —  —  Common Stock (6) —  —  —  —  —  —  —  Universal Wellhead Services Holdings, LLC 14.00% 14.00% Preferred Member Units (8) —  (50) —  150  —  50  100  Member Units (8) —  —  —  —  —  —  —  Urgent DSO LLC 13.50% Secured Debt (5) —  —  326  —  8,713  —  8,713  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, 2023 Fair Value (13) Gross Additions (3) Gross Reductions (4) March 31, 2024 Fair Value (13) 9.00% 9.00% Preferred Equity (5) —  —  45  —  4,045  —  4,045  World Micro Holdings, LLC 12.00% Secured Debt (7) —  —  374  12,028  6  —  12,034  Preferred Equity (7) —  —  —  3,845  —  —  3,845  Other —  —  —  —  —  —  —  Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  (1,354) (9,070) —  —  —  Total Affiliate investments $ (7,110) $ 5,925  $ 17,728  $ 615,002  $ 71,659  $ 29,782  $ 665,949  ___________________________ (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 March 31, 2024 for control investments located in this region was $526,552. This represented 20.9% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $87,195. This represented 3.5% of net assets as of March 31, 2024. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $278,708. This represented 11.1% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $118,933. This represented 4.7% of net assets as of March 31, 2024. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $51,001. This represented 2.0% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $175,963. This represented 7.0% of net assets as of March 31, 2024. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $792,668. This represented 31.5% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $146,767. This represented 5.8% of net assets as of March 31, 2024. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $402,283. This represented 16.0% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $137,091. This represented 5.4% of net assets as of March 31, 2024. (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 March 31, 2024 (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.