Consolidated Schedule of Investments in and Advances to Affiliates

v3.25.2

Consolidated Schedule of Investments in and Advances to Affiliates	6 Months Ended
	Jun. 30, 2025
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, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) June 30, 2025 Fair Value (13) Majority-Owned Investments Analytical Systems Keco Holdings, LLC Secured Debt (8) $ —  $ —  $ —  $ —  $ —  $ —  $ —  17.50% Secured Debt (8) —  —  360  4,048  6  100  3,954  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  40  —  5,300  40  —  5,340  Warrants (8) —  —  —  —  —  —  —  BDB Holdings, LLC Preferred Equity (7) —  (1,060) —  18,920  —  1,060  17,860  12.00% Secured Debt (12) (7) —  —  17  —  420  —  420  Brewer Crane Holdings, LLC 14.48% SF+ 10.00% Secured Debt (9) —  —  364  5,016  —  —  5,016  Preferred Member Units (9) —  (1,420) 60  4,680  —  1,420  3,260  Café Brazil, LLC Member Units (8) —  (190) 34  1,200  —  190  1,010  California Splendor Holdings LLC 14.00% Secured Debt (9) —  388  1,933  28,465  593  3,292  25,766  Secured Debt (12) (9) —  —  44  1,506  18  1,540  (16) Preferred Member Units (9) —  (6,940) 125  22,215  —  6,940  15,275  15.00% 15.00% Preferred Member Units (9) —  —  823  10,909  823  —  11,732  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  1  —  —  —  —  9.00% Secured Debt (5) —  (5) 312  6,760  5  485  6,280  10.00% Secured Debt (5) —  —  48  973  —  22  951  Member Units (5) —  1,300  811  10,990  1,300  —  12,290  Member Units (5) —  320  —  950  320  —  1,270  Cody Pools, Inc. 12.50% Secured Debt (12) (8) —  (3) 119  —  4,197  425  3,772  12.50% Secured Debt (8) —  (6) 2,375  39,227  7  2,154  37,080  Preferred Member Units (8) —  (660) 1,344  67,810  —  660  67,150  CompareNetworks Topco, LLC 13.48% SF+ 9.00% Secured Debt (9) —  —  204  2,903  11  210  2,704  Preferred Member Units (9) —  (1,630) —  11,260  —  1,630  9,630  Cybermedia Technologies, LLC Secured Debt (6) —  —  5  —  —  —  —  13.00% Secured Debt (6) —  (592) 1,810  27,116  28  681  26,463  Preferred Member Units (6) —  (15,000) 125  15,000  —  15,000  —  Preferred Equity (6) —  1,000  —  —  3,500  100  3,400  Datacom, LLC 7.50% Secured Debt (8) —  —  36  493  721  540  674  10.00% Secured Debt (8) —  (689) 471  7,947  68  823  7,192  Preferred Member Units (8) —  (600) —  240  360  600  —  Direct Marketing Solutions, Inc. Secured Debt (9) —  (14) 23  —  14  14  —  14.00% Secured Debt (9) —  (20) 1,669  23,902  20  840  23,082  Preferred Stock (9) —  540  —  17,930  540  —  18,470  Gamber-Johnson Holdings, LLC SF+ 7.50% Secured Debt (12) (5) —  —  3  —  —  —  —  11.50% SF+ 7.50% Secured Debt (12) (5) —  (25) 4,252  73,126  25  825  72,326  Member Units (5) —  —  3,484  114,750  —  —  114,750  Garreco, LLC Member Units (8) —  (230) 39  2,060  —  230  1,830  GRT Rubber Technologies LLC 10.48% SF+ 6.00% Secured Debt (12) (8) —  (2) 167  3,146  2  2  3,146  12.48% SF+ 8.00% Secured Debt (8) —  (23) 2,561  40,493  23  23  40,493  Member Units (8) —  930  3,128  45,890  930  —  46,820  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (8) —  —  —  —  —  —  —  12.50% Secured Debt (8) —  467  —  1,518  360  —  1,878  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) June 30, 2025 Fair Value (13) Preferred Equity (8) —  —  —  —  —  —  —  Member Units (8) —  —  —  —  —  —  —  IG Investor, LLC 13.00% Secured Debt (12) (6) —  24  115  1,572  28  —  1,600  13.00% Secured Debt (6) —  209  2,330  35,257  247  440  35,064  Common Equity (6) —  3,330  —  16,230  3,330  —  19,560  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  —  —  —  —  —  14.25% P+ 6.75% Secured Debt (9) —  —  102  1,498  —  320  1,178  Member Units (9) —  (280) 544  11,820  —  280  11,540  MSC Adviser I, LLC Member Units (8) —  26,600  5,342  246,000  26,600  —  272,600  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  2  —  —  —  —  10.00% Secured Debt (6) —  (4) 292  5,746  4  4  5,746  Common Stock (6) —  410  1,972  26,370  410  —  26,780  NRP Jones, LLC 12.00% Secured Debt (5) —  —  137  2,178  6  —  2,184  Member Units (5) —  (1,601) —  2,696  —  1,601  1,095  Member Units (5) —  (49) —  94  —  49  45  Preferred Equity (5) —  756  —  —  1,238  —  1,238  Common Equity (5) —  —  —  —  1,200  —  1,200  OMi Topco, LLC Secured Debt (8) —  (30) 207  9,000  —  9,000  —  Secured Debt (8) —  —  434  —  —  —  —  12.00% Secured Debt (8) —  44  146  —  19,000  —  19,000  Preferred Member Units (8) —  4,900  14,093  72,720  4,900  —  77,620  PPL RVs, Inc. SF+ 7.00% Secured Debt (8) —  (1) 1  —  1  1  —  11.48% SF+ 7.00% Secured Debt (8) —  (26) 946  16,456  26  1,154  15,328  Common Stock (8) —  1,140  261  17,110  1,140  —  18,250  Common Stock (8) —  61  —  514  61  —  575  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  330  4,861  9  —  4,870  Preferred Member Units (8) —  1,190  654  12,600  1,190  —  13,790  Common Stock (8) —  60  —  600  60  —  660  Quality Lease Service, LLC Member Units (7) —  —  —  460  —  —  460  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  —  (39) —  12  (51) 12.50% 10.00% Secured Debt (9) —  —  —  14,562  —  427  14,135  Preferred Equity (9) —  —  —  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  2  (1) —  —  (1) 13.50% Secured Debt (7) —  —  551  7,855  14  —  7,869  Common Stock (7) —  890  58  8,570  890  —  9,460  Victory Energy Operations, LLC 13.00% Secured Debt (12) (8) —  —  68  (33) 1,727  —  1,694  13.00% Secured Debt (8) —  —  3,202  47,792  49  —  47,841  Preferred Equity (8) —  —  232  22,686  —  215  22,471  Volusion, LLC 10.00% Secured Debt (8) —  —  106  2,100  —  —  2,100  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) 22  (1,627) —  7,003  22  2,745  4,280  Preferred Member Units (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  107  1,750  —  —  1,750  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) June 30, 2025 Fair Value (13) Preferred Member Units (8) —  (270) —  320  —  270  50  Warrants (8) —  —  —  —  —  —  —  Other Controlled Investments 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) 5,466  (4,945) —  8,818  4,046  11,178  1,686  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) —  981  —  4,187  981  —  5,168  American Nuts, LLC Preferred Equity (9) —  (1,180) —  —  8,970  1,180  7,790  12.95% SF+ 8.50% 12.95% Secured Debt (9) —  —  253  —  7,653  —  7,653  12.95% SF+ 8.50% 12.95% Secured Debt (9) —  —  253  —  7,653  —  7,653  ASC Interests, LLC 13.00% Secured Debt (8) —  —  27  400  —  —  400  13.00% Secured Debt (8) —  (98) 105  1,598  —  170  1,428  Preferred Member Units (8) —  —  —  —  —  —  —  Member Units (8) —  —  —  —  —  —  —  ATS Workholding, LLC 5.00% Secured Debt (9) (1,897) 2,261  —  113  2,324  2,437  —  5.00% Secured Debt (9) (2,842) 2,698  —  143  2,698  2,841  —  Preferred Member Units (9) (3,725) 3,726  —  —  3,726  3,726  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  24  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) 10.00% Secured Debt (12) (8) —  —  14  270  —  —  270  10.00% Secured Debt (8) —  —  569  10,529  11  —  10,540  Preferred Stock (8) —  1,820  350  5,160  1,820  —  6,980  Bolder Panther Group, LLC 11.67% SF+ 7.29% Secured Debt (9) —  (69) 6,000  101,643  68  665  101,046  8.00% Class B Preferred Member Units (9) —  (220) 1,187  30,520  —  220  30,300  Secured Debt (9) —  —  76  —  —  —  —  Bridge Capital Solutions Corporation Preferred Member Units (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  Warrants (6) —  —  —  —  —  —  —  CBT Nuggets, LLC Member Units (9) —  (580) 1,235  49,540  —  580  48,960  Centre Technologies Holdings, LLC SF+ 10.00% Secured Debt (12) (8) —  —  6  —  —  —  —  14.48% SF+ 10.00% Secured Debt (8) —  (8) 1,775  25,534  8  1,078  24,464  Preferred Member Units (8) —  4,140  60  12,410  4,140  —  16,550  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (45) 49  —  45  45  —  12.49% SF+ 8.00% Secured Debt (8) —  4  1,064  15,620  3,200  —  18,820  Member Units (8) —  (820) 4,758  33,110  —  820  32,290  Member Units (8) —  140  46  3,550  140  —  3,690  Charps, LLC 14.00% Unsecured Debt (5) —  (49) 444  5,694  50  50  5,694  Preferred Member Units (5) —  (220) 536  15,580  —  220  15,360  Colonial Electric Company LLC Secured Debt (12) (6) —  —  4  —  —  —  —  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) June 30, 2025 Fair Value (13) 12.00% Secured Debt (6) —  (19) 833  14,310  19  2,835  11,494  Preferred Member Units (6) —  1,700  1,871  13,570  1,700  —  15,270  Compass Systems & Sales, LLC Secured Debt (5) —  —  3  (21) 3  —  (18) 13.50% Secured Debt (5) —  (139) 1,184  17,067  17  140  16,944  Preferred Equity (5) —  4  120  7,450  4  —  7,454  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  500  15  —  515  Digital Products Holdings LLC 14.38% SF+ 10.00% Secured Debt (5) —  —  898  12,422  23  660  11,785  Preferred Member Units (5) —  —  100  9,835  —  —  9,835  Doral Holdings, LLC Preffered Equity (5) —  —  —  —  13,000  —  13,000  Secured Debt (5) —  —  —  —  —  —  —  13.00% Secured Debt (5) —  —  1,047  —  29,215  —  29,215  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (5) —  —  5  (5) 1  —  (4) 12.00% Secured Debt (5) —  —  1,099  17,969  20  492  17,497  9.00% Secured Debt (5) —  —  283  6,207  1  26  6,182  Common Stock (5) —  (570) —  5,730  —  570  5,160  Common Stock (5) —  110  —  3,050  110  —  3,160  Flame King Holdings, LLC Preferred Equity (9) —  5,450  6,952  35,920  5,450  —  41,370  12.00% Secured Debt (9) —  —  671  —  65,351  —  65,351  Harrison Hydra-Gen, Ltd. Common Stock (8) —  260  —  7,010  260  —  7,270  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  1,430  23,216  24  —  23,240  Preferred Equity (9) —  300  539  13,180  300  —  13,480  KBK Industries, LLC Secured Debt (5) —  (24) 130  3,700  —  3,700  —  Member Units (5) —  —  2,333  25,180  —  —  25,180  9.50% Secured Debt (5) —  51  156  —  9,400  700  8,700  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  836  14,987  4  1,600  13,391  9.00% Secured Debt (5) —  —  178  3,926  1  24  3,903  Preferred Equity (5) —  2,040  —  12,240  2,040  —  14,280  Member Units (5) —  —  59  2,710  —  —  2,710  Metalforming Holdings, LLC Secured Debt (12) (7) —  4  12  (11) 11  —  —  9.75% Secured Debt (7) —  85  977  20,844  117  2,397  18,564  8.00% 8.00% Preferred Equity (7) —  (360) 604  6,397  —  362  6,035  Common Stock (7) —  (90) 748  6,850  —  90  6,760  MS Private Loan Fund I, LP 5.00% SF+ 3.00% Secured Debt (12) (8) —  —  200  1,600  10,100  7,700  4,000  LP Interests (12) (8) —  (508) 878  14,034  —  508  13,526  MS Private Loan Fund II, LP SF+ 3.00% Secured Debt (12) (8) —  —  37  (59) 1,612  1,650  (97) LP Interests (12) (8) —  —  490  7,843  1,551  —  9,394  MSC Income Fund, Inc. Common Equity (8) —  202  991  16,810  4,747  —  21,557  MVI MSO, LLC (Milford Vascular) 13.00% Secured Debt (6) —  —  541  —  9,758  —  9,758  Preferred Equity (6) —  —  —  —  2,700  —  2,700  NAPCO Precast, LLC Member Units (8) —  2,770  275  9,050  2,770  —  11,820  Nello Industries Investco, LLC SF+ 6.50% Secured Debt (5) —  —  16  (16) 16  —  —  13.50% Secured Debt (5) —  —  1,874  26,959  27  —  26,986  Preferred Equity (5) —  2,680  398  15,560  2,680  —  18,240  NexRev LLC 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) June 30, 2025 Fair Value (13) Secured Debt (8) —  (9) 151  9,811  9  9,820  —  Preferred Member Units (8) —  480  433  11,910  480  —  12,390  NuStep, LLC 10.98% SF+ 6.50% Secured Debt (5) —  —  201  3,600  —  1,200  2,400  12.00% Secured Debt (5) —  —  1,114  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) —  (24) 1,700  21,960  24  824  21,160  Preferred Stock (5) —  —  120  13,450  —  —  13,450  Pinnacle TopCo, LLC Secured Debt (12) (8) —  (2) 6  —  2  2  —  13.00% Secured Debt (8) —  (34) 1,888  28,640  34  834  27,840  Preferred Equity (8) —  1,170  1,019  18,360  1,170  —  19,530  River Aggregates, LLC Member Units (8) —  60  —  9,530  60  —  9,590  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (3) —  1,646  —  2  1,644  12.00% 12.00% Secured Debt (9) —  (150) —  3,603  —  151  3,452  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  769  298  4,252  769  —  5,021  Preferred Stock (8) —  —  —  1,794  —  —  1,794  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  8  —  —  —  —  11.50% Secured Debt (5) —  —  1,491  25,661  30  1,281  24,410  Preferred Equity (5) —  —  99  12,240  —  —  12,240  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  (3,450) 227  (35,920) —  —  —  Total Control investments $ (2,976) $ 33,555  $ 116,454  $ 2,087,890  $ 291,307  $ 119,552  $ 2,295,565  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) —  (360) —  —  8,520  360  8,160  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) —  —  —  —  —  —  —  18.00% 18.00% Secured Debt (12) (7) —  —  —  —  779  —  779  Boccella Precast Products LLC 10.00% Secured Debt (6) —  55  15  266  55  65  256  Member Units (6) —  1,180  254  310  1,180  —  1,490  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) —  (391) —  —  391  391  —  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) June 30, 2025 Fair Value (13) Career Team Holdings, LLC SF+ 6.00% Secured Debt (12) (6) —  —  95  887  —  936  (49) 12.50% Secured Debt (6) —  —  1,341  19,364  2,298  203  21,459  Common Stock (6) —  (186) —  4,740  666  186  5,220  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) —  —  1,801  27,315  46  2,160  25,201  Preferred Equity (6) —  —  —  12,596  —  —  12,596  DMA Industries, LLC 12.00% Secured Debt (7) —  —  1,022  16,722  8  —  16,730  Preferred Equity (7) —  350  —  5,944  350  —  6,294  12.00% Secured Debt (7) —  —  34  555  1  —  556  15.00% 15.00% Preferred Equity (7) —  180  245  3,240  425  —  3,665  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  226  —  7,708  226  139  7,795  LP Interests (Dos Rios Partners - A, LP) (8) —  72  —  2,447  72  44  2,475  Dos Rios Stone Products LLC Class A Preferred Units (8) —  —  —  —  —  —  —  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) —  —  16  369  —  —  369  FCC Intermediate Holdco, LLC 13.00% Secured Debt (5) —  3,191  2,603  29,109  3,691  820  31,980  Warrants (5) —  3,790  570  10,840  3,790  —  14,630  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) (23) 1,263  —  1,070  193  GFG Group, LLC Secured Debt (5) —  (21) 185  8,185  —  8,185  —  Preferred Member Units (5) —  (430) 582  10,540  —  430  10,110  8.00% Secured Debt (5) —  —  185  —  9,253  —  9,253  Gulf Manufacturing, LLC SF+ 7.63% Secured Debt (8) —  (42) 18  —  5  42  (37) 12.00% SF+ 7.63% Secured Debt (8) —  (325) 2,352  39,000  46  1,325  37,721  Member Units (8) —  (130) 354  14,730  —  130  14,600  Common Stock (8) —  72  —  888  72  —  960  Hawk Ridge Systems, LLC 10.48% SF+ 6.00% Secured Debt (9) —  —  173  2,645  3,245  3,400  2,490  12.50% Secured Debt (9) —  (27) 2,871  45,256  27  27  45,256  Preferred Member Units (9) —  2,470  —  20,260  2,470  —  22,730  Preferred Member Units (9) —  130  —  1,070  130  —  1,200  Houston Plating and Coatings, LLC 10.00% Unsecured Convertible Debt (8) —  60  151  2,940  60  —  3,000  Member Units (8) —  420  114  3,930  420  —  4,350  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) —  425  —  5,861  1,302  —  7,163  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (630) —  20,390  —  630  19,760  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) June 30, 2025 Fair Value (13) Infinity X1 Holdings, LLC Secured Debt (9) —  (96) 683  15,050  —  15,050  —  Preferred Equity (9) —  (530) 1,155  9,080  —  530  8,550  12.00% Secured Debt (9) —  14  339  —  16,372  —  16,372  Integral Energy Services 12.06% SF+ 7.50% Secured Debt (8) —  (187) 839  12,728  29  829  11,928  10.00% 10.00% Preferred Equity (8) —  55  13  452  68  —  520  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) —  —  298  4,493  4  —  4,497  13.00% Secured Debt (5) —  —  194  2,927  2  —  2,929  13.00% Secured Debt (5) —  —  585  8,944  —  —  8,944  13.00% Secured Debt (5) —  —  1,165  17,542  14  —  17,556  13.00% Secured Debt (5) —  —  667  9,638  38  288  9,388  Common Stock (5) —  (150) —  2,850  —  150  2,700  25.00% 25.00% Preferred Equity (5) —  150  —  760  150  —  910  ITA Holdings Group, LLC 12.46% SF+ 8.00% Secured Debt (8) —  (2) 79  1,180  2  2  1,180  SF+ 8.00% Secured Debt (8) —  (12) 77  994  —  994  —  SF+ 7.00% Secured Debt (12) (5) —  —  —  —  —  —  —  11.46% SF+ 7.00% Secured Debt (8) —  (133) 403  4,438  630  133  4,935  13.46% SF+ 9.00% Secured Debt (8) —  (133) 448  4,438  630  133  4,935  11.46% SF+ 7.00% Secured Debt (8) —  7  11  —  1,770  —  1,770  Warrants (8) —  4,150  844  5,690  4,150  —  9,840  Johnson Downie Opco, LLC Secured Debt (12) (8) —  (3) 12  —  3  3  —  15.00% Secured Debt (8) —  (25) 1,645  21,507  23  23  21,507  Preferred Equity (8) —  4,220  1,397  14,550  4,220  —  18,770  KMS, LLC 14.50% SF+ 9.75% Secured Debt (5) (415) 339  —  —  —  —  —  14.50% SF+ 9.75% Secured Debt (5) (3,037) 2,562  —  —  —  —  —  SF+ 9.75% 14.23% Secured Debt (5) —  —  —  —  —  —  —  SF+ 9.75% 14.23% Secured Debt (5) —  —  —  —  —  —  —  14.23% SF+ 9.75% 14.23% Secured Debt (5) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (12) (5) —  —  60  —  1,113  —  1,113  12.50% 12.50% Secured Debt (5) —  —  56  —  1,180  —  1,180  Preferred Equity (5) —  —  —  —  4,890  —  4,890  Mills Fleet Farm Group, LLC 9.79% SF+ 5.50% 9.79% Secured Debt (12) (5) —  —  114  —  2,763  —  2,763  Preferred Equity (5) —  (1,516) 556  13,840  556  1,516  12,880  Moffitt Holdings, LLC 13.00% Secured Debt (8) —  —  1,167  —  34,673  —  34,673  Preferred Equity (8) —  —  —  —  14,300  —  14,300  MoneyThumb Acquisition, LLC 14.00% Secured Debt (9) —  —  756  8,967  87  320  8,734  12.00% 12.00% Preferred Member Units (9) —  —  105  1,707  105  —  1,812  Warrants (9) —  —  —  594  —  —  594  Nebraska Vet AcquireCo, LLC SF+ 7.00% Secured Debt (5) —  (7) 10  —  7  7  —  Preferred Member Units (5) 55,647  (25,053) 5,695  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  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) June 30, 2025 Fair Value (13) 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  1  2  456  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) —  510  52  2,580  510  —  3,090  RA Outdoors (Aspira) LLC 11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (148) 80  1,257  42  150  1,149  11.25% SF+ 6.75% 11.25% Secured Debt (8) —  (1,553) 824  13,155  425  1,569  12,011  Common Equity (8) —  —  —  —  —  —  —  RFG AcquireCo, LLC Secured Debt (12) (7) —  —  1  —  —  10  (10) Secured Debt (7) —  —  —  —  —  —  —  12.50% Secured Debt (7) —  —  1,040  —  33,666  —  33,666  Preferred Equity (7) —  —  —  —  11,401  —  11,401  SI East, LLC 11.85% Secured Debt (12) (7) —  (2) 145  2,250  2  2  2,250  12.79% Secured Debt (7) —  48  4,368  67,661  —  —  67,661  Preferred Member Units (7) —  (1,190) —  13,660  —  1,190  12,470  Slick Innovations, LLC Secured Debt (6) —  (140) 510  16,320  —  16,320  —  14.00% Secured Debt (6) —  265  1,371  —  25,880  320  25,560  Common Stock (6) —  (450) 873  2,440  —  450  1,990  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (583) —  1,644  —  583  1,061  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  673  9  204  682  —  886  Superior Rigging & Erecting Co. Preferred Member Units (7) —  5,420  —  10,530  5,420  —  15,950  The Affiliati Network, LLC Secured Debt (12) (9) —  —  36  394  2,562  2,960  (4) 13.00% Secured Debt (9) —  51  307  5,053  57  —  5,110  Preferred Stock (9) —  —  115  6,400  —  —  6,400  Preferred Stock (9) —  —  —  287  26  —  313  UnionRock Energy Fund II, LP LP Interests (12) (9) —  —  —  4,732  —  335  4,397  UnionRock Energy Fund III, LP LP Interests (12) (9) —  (405) —  5,612  447  887  5,172  UniTek Global Services, Inc. 15.00% Secured Convertible Debt (6) 3,762  (2,384) 41  5,642  505  6,147  —  15.00% Secured Convertible Debt (6) 1,743  (1,155) 21  2,663  235  2,898  —  20.00% 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) —  —  606  8,727  8  —  8,735  9.00% 9.00% Preferred Equity (5) —  —  194  4,320  194  —  4,514  Wildcats Topco LLC (NVS Heritage) Common Equity (5) —  —  —  —  22,427  —  22,427  World Micro Holdings, LLC 11.00% Secured Debt (7) —  —  579  10,702  15  878  9,839  Preferred Equity (7) —  —  198  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, 2024 Fair Value (13) Gross Additions (3) Gross Reductions (4) June 30, 2025 Fair Value (13) Amounts related to investments transferred to or from other 1940 Act classification during the period 3,453  550  291  35,920  —  —  —  Total Affiliate investments $ 57,711  $ (8,742) $ 49,501  $ 846,798  $ 303,836  $ 258,488  $ 856,226  ___________________________ (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 June 30, 2025 for Control investments located in this region was $586,104. This represented 20.3% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $173,435. This represented 6.0% of net assets as of June 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 June 30, 2025 for Control investments located in this region was $157,835. This represented 5.5% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $126,778. This represented 4.4% of net assets as of June 30, 2025. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Control investments located in this region was $67,427. This represented 2.3% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $202,564. This represented 7.0% of net assets as of June 30, 2025. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Control investments located in this region was $990,024. This represented 34.3% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $224,323. This represented 7.8% of net assets as of June 30, 2025. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2025 for Control investments located in this region was $494,175. This represented 17.1% of net assets as of June 30, 2025. The fair value as of June 30, 2025 for Affiliate investments located in this region was $129,126. This represented 4.5% of net assets as of June 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 June 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. 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) June 30, 2024 Fair Value (13) Majority-Owned Investments Analytical Systems Keco Holdings, LLC 15.38% SF+ 10.00% Secured Debt (12) (8) $ —  $ —  $ —  $ 219  $ 1  $ —  $ 220  15.38% SF+ 10.00% Secured Debt (8) —  —  346  4,084  34  195  3,923  14.13% Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  760  —  4,860  760  —  5,620  Warrants (8) —  —  —  —  —  —  —  Brewer Crane Holdings, LLC 15.48% SF+ 10.00% Secured Debt (9) —  —  429  5,498  14  248  5,264  Preferred Member Units (9) —  (320) 60  5,620  —  320  5,300  Café Brazil, LLC Member Units (8) —  (189) 20  1,980  —  190  1,790  California Splendor Holdings LLC 14.00% 4.00% Secured Debt (9) —  (79) 2,088  27,655  299  79  27,875  Preferred Member Units (9) —  —  125  15,695  —  —  15,695  15.00% 15.00% Preferred Member Units (9) —  —  572  4,601  5,572  —  10,173  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  1  —  —  —  —  11.50% Secured Debt (5) —  —  512  8,422  —  621  7,801  10.00% Secured Debt (5) —  —  51  1,004  —  19  985  Member Units (5) —  1,010  422  5,200  1,010  —  6,210  Member Units (5) —  (179) —  1,129  —  179  950  Cody Pools, Inc. Secured Debt (12) (8) —  4  31  —  1,264  1,264  —  12.50% Secured Debt (8) —  (6) 2,604  42,073  6  1,278  40,801  Preferred Member Units (8) —  2,010  1,508  72,470  2,010  —  74,480  CompareNetworks Topco, LLC SF+ 9.00% Secured Debt (9) —  —  —  —  —  —  —  14.48% SF+ 9.00% Secured Debt (9) —  —  247  3,454  —  357  3,097  Preferred Member Units (9) —  (1,520) —  14,450  —  1,520  12,930  Cybermedia Technologies, LLC Secured Debt (12) (6) —  —  5  —  —  —  —  13.00% Secured Debt (6) —  —  1,881  28,389  35  975  27,449  Preferred Member Units (6) —  1,020  1,041  15,000  1,020  —  16,020  Datacom, LLC 7.50% Secured Debt (8) —  —  14  447  226  405  268  10.00% Secured Debt (8) —  —  491  7,587  73  135  7,525  Preferred Member Units (8) —  130  —  70  130  —  200  Direct Marketing Solutions, Inc. Secured Debt (9) —  (14) 48  1,233  1,289  2,522  —  14.00% Secured Debt (9) —  (23) 1,797  25,543  23  843  24,723  Preferred Stock (9) —  (1,140) —  20,740  —  1,140  19,600  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (12) (5) —  —  4  (7) 1  —  (6) 12.00% Secured Debt (5) —  —  1,133  18,632  21  469  18,184  9.00% Secured Debt (5) —  —  285  6,252  2  24  6,230  Common Stock (5) —  (360) —  6,090  —  360  5,730  Common Stock (5) —  80  —  1,670  80  —  1,750  Gamber-Johnson Holdings, LLC SF+ 7.50% Secured Debt (12) (5) —  —  3  —  —  —  —  10.50% SF+ 7.50% Secured Debt (5) —  (61) 2,763  54,078  61  4,861  49,278  Member Units (5) —  9,840  3,001  96,710  9,840  —  106,550  GRT Rubber Technologies LLC 11.48% SF+ 6.00% Secured Debt (12) (8) —  2  163  2,400  746  —  3,146  13.48% SF+ 8.00% Secured Debt (8) —  (23) 2,782  40,493  23  23  40,493  Member Units (8) —  —  84  44,440  —  —  44,440  Gulf Publishing Holdings, LLC 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) June 30, 2024 Fair Value (13) 12.50% 12.50% Secured Debt (8) —  (336) 76  2,284  —  336  1,948  Preferred Equity (8) —  (2,460) —  2,460  —  2,460  —  Member Units (8) —  —  —  —  —  —  —  IG Investor, LLC Secured Debt (12) (6) —  —  14  (35) 4  —  (31) 13.00% Secured Debt (6) —  —  2,448  36,934  42  880  36,096  Common Equity (6) —  —  —  14,400  —  —  14,400  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  3  —  —  —  —  15.00% P+ 6.75% Secured Debt (9) —  —  149  1,998  —  198  1,800  Member Units (9) —  (90) 769  12,420  —  90  12,330  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  1,174  19,774  8  2,400  17,382  9.00% Secured Debt (5) —  —  174  3,805  164  21  3,948  Preferred Equity (5) —  2,240  —  9,690  2,240  —  11,930  Member Units (5) —  (240) 65  2,730  —  240  2,490  Metalforming Holdings, LLC Secured Debt (12) (7) —  —  5  —  —  —  —  10.75% Secured Debt (7) —  —  1,370  23,623  31  1,146  22,508  8.00% 8.00% Preferred Equity (7) —  236  —  6,035  236  119  6,152  Common Stock (7) —  1,570  434  1,500  1,570  —  3,070  MH Corbin Holding LLC 14.00% Secured Debt (5) —  —  369  5,022  —  160  4,862  Preferred Member Units (5) —  —  —  330  —  —  330  Preferred Member Units (5) —  —  —  —  —  —  —  MSC Adviser I, LLC Member Units (8) —  12,497  6,312  174,063  12,497  —  186,560  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  2  —  —  —  —  10.00% Secured Debt (6) —  18  292  5,746  —  —  5,746  Common Stock (6) —  (290) 1,924  26,390  —  290  26,100  OMi Topco, LLC 12.00% Secured Debt (8) —  (16) 766  12,750  16  766  12,000  Preferred Member Units (8) —  11,900  2,475  36,380  11,900  —  48,280  PPL RVs, Inc. SF+ 8.75% Secured Debt (8) —  (1) 1  —  1  1  —  14.23% SF+ 8.75% Secured Debt (8) —  (30) 1,438  19,877  30  886  19,021  Common Stock (8) —  (1,110) —  16,980  —  1,110  15,870  Common Stock (8) —  146  —  368  146  —  514  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  399  5,829  12  —  5,841  Preferred Member Units (8) —  50  491  10,750  50  —  10,800  Common Stock (8) —  —  —  510  —  —  510  Quality Lease Service, LLC Member Units (7) —  —  —  460  —  —  460  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  8  (26) 2  —  (24) 12.50% 10.00% Secured Debt (9) —  (12,978) 1,083  30,798  19  13,429  17,388  Preferred Equity (9) —  —  6  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  2  —  —  —  —  13.50% Secured Debt (7) —  71  529  7,920  —  —  7,920  Common Stock (7) —  (2,970) 58  12,740  —  2,970  9,770  Volusion, LLC 10.00% Secured Debt (8) —  —  106  2,100  —  —  2,100  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  1,867  —  7,250  1,868  2,118  7,000  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) June 30, 2024 Fair Value (13) Common Stock (8) —  —  —  —  —  —  —  Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  27  450  —  —  450  6.50% Secured Debt (8) —  —  33  945  —  —  945  14.00% Secured Debt (8) —  (369) 195  2,080  —  370  1,710  Preferred Member Units (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Other Controlled Investments 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) 57  2,941  278  6,050  2,998  57  8,991  LP Interests (2717 HPP-MS, L.P.) (8) —  60  —  315  59  —  374  LP Interests (2717 GRE-LP, L.P.) (8) —  —  —  —  441  —  441  ASC Interests, LLC 13.00% Secured Debt (8) —  —  27  400  —  —  400  13.00% Secured Debt (8) —  —  109  1,597  1  —  1,598  Preferred Member Units (8) —  —  —  266  —  —  266  Member Units (8) —  (60) —  100  —  60  40  ATS Workholding, LLC 5.00% Secured Debt (9) —  (281) —  328  167  281  214  5.00% Secured Debt (9) —  (187) —  473  —  188  285  Preferred Member Units (9) —  —  —  —  —  —  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  26  711  —  —  711  Member Units (5) —  580  —  4,140  580  —  4,720  Batjer TopCo, LLC 10.00% Secured Debt (12) (8) —  (6) 18  —  451  6  445  10.00% Secured Debt (12) (8) —  —  14  270  —  —  270  10.00% Secured Debt (8) —  (67) 545  10,575  10  67  10,518  Preferred Stock (8) —  (430) 407  6,150  —  430  5,720  Bolder Panther Group, LLC 13.43% SF+ 8.05% Secured Debt (9) —  (27) 6,787  96,556  7,563  1,283  102,836  8.00% Class B Preferred Member Units (9) —  3,690  1,390  31,020  3,690  —  34,710  Secured Debt (9) —  —  95  —  —  —  —  Bridge Capital Solutions Corporation 13.00% Secured Debt (6) —  —  579  8,813  —  —  8,813  13.00% Secured Debt (6) —  —  66  1,000  —  —  1,000  Preferred Member Units (6) —  —  50  1,000  —  —  1,000  Warrants (6) —  (25) —  1,808  —  25  1,783  Warrants (6) —  (35) —  2,482  —  35  2,447  CBT Nuggets, LLC Member Units (9) —  (590) 1,235  50,130  —  590  49,540  Centre Technologies Holdings, LLC SF+ 10.00% Secured Debt (12) (8) —  —  6  —  —  —  —  15.48% SF+ 10.00% Secured Debt (8) —  223  1,383  —  21,974  1,512  20,462  Secured Debt (8) —  (62) 281  17,574  —  17,574  —  Preferred Member Units (8) —  460  60  11,040  460  —  11,500  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (45) 49  —  45  45  —  13.49% SF+ 8.00% Secured Debt (8) —  (1) 1,066  15,620  1  1  15,620  Member Units (8) —  710  3,396  29,320  710  —  30,030  Member Units (8) —  290  46  2,860  290  —  3,150  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) June 30, 2024 Fair Value (13) Charps, LLC 10.00% Unsecured Debt (5) —  (244) 528  5,694  244  244  5,694  Preferred Member Units (5) —  (110) 155  15,690  —  110  15,580  Colonial Electric Company LLC Secured Debt (12) (6) —  —  4  —  —  —  —  12.00% Secured Debt (6) —  385  1,246  21,627  423  3,910  18,140  Preferred Member Units (6) —  (1,440) 1,440  2,400  —  2,400  —  Preferred Member Units (6) —  4,060  556  7,680  4,060  —  11,740  Compass Systems & Sales, LLC 13.50% Secured Debt (5) —  —  42  —  1,584  —  1,584  13.50% Secured Debt (5) —  —  1,191  17,034  17  —  17,051  Preferred Equity (5) —  496  120  7,454  496  —  7,950  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  568  —  —  568  Digital Products Holdings LLC 15.38% SF+ 10.00% Secured Debt (5) —  —  1,116  14,690  34  1,453  13,271  Preferred Member Units (5) —  —  100  9,835  —  —  9,835  Garreco, LLC SF+ 8.00% Secured Debt (8) —  —  92  3,088  —  3,088  —  Member Units (8) —  —  43  1,580  —  —  1,580  Harrison Hydra-Gen, Ltd. Common Stock (8) —  560  —  4,660  560  —  5,220  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  1,584  25,483  30  647  24,866  Preferred Equity (9) —  —  490  10,741  —  —  10,741  KBK Industries, LLC 9.00% Secured Debt (5) —  (8) 214  4,700  8  408  4,300  Member Units (5) —  2,050  1,135  22,770  2,050  —  24,820  MS Private Loan Fund I, LP 5.00% Secured Debt (12) (8) —  —  32  —  15,500  8,500  7,000  LP Interests (12) (8) —  (58) 1,089  14,527  —  58  14,469  MS Private Loan Fund II, LP 8.88% SF+ 3.50% Secured Debt (12) (8) —  —  1,446  23,367  32,541  6,500  49,408  LP Interests (12) (8) —  85  93  1,561  2,249  —  3,810  MSC Income Fund, Inc. Common Equity (8) —  (131) 868  10,025  5,000  131  14,894  NAPCO Precast, LLC Member Units (8) —  (1,350) 63  11,730  —  1,350  10,380  Nello Industries Investco, LLC 11.88% SF+ 6.50% Secured Debt (12) (5) —  —  118  —  10,946  —  10,946  13.50% Secured Debt (5) —  —  751  —  24,556  —  24,556  Common Equity (5) —  —  —  —  12,120  —  12,120  NexRev LLC 10.00% Secured Debt (12) (8) —  —  42  —  1,600  —  1,600  10.00% Secured Debt (8) —  34  522  9,751  60  —  9,811  Preferred Member Units (8) —  1,860  471  6,350  1,860  —  8,210  NRP Jones, LLC 12.00% Secured Debt (5) —  —  126  2,080  —  —  2,080  Member Units (5) —  (77) —  1,466  —  77  1,389  Member Units (5) —  (3) —  53  —  3  50  NuStep, LLC 11.98% SF+ 6.50% Secured Debt (5) —  —  221  3,600  —  —  3,600  12.00% Secured Debt (5) —  —  1,125  18,426  6  —  18,432  Preferred Member Units (5) —  960  —  9,240  960  —  10,200  Preferred Member Units (5) —  —  —  5,150  —  —  5,150  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  —  16.48% SF+ 11.00% Secured Debt (5) —  (23) 1,852  22,040  23  103  21,960  Preferred Stock (5) —  (1,990) 264  17,050  —  1,990  15,060  Pearl Meyer Topco LLC 12.00% Secured Debt (6) —  —  279  3,500  1,500  —  5,000  12.00% Secured Debt (6) —  110  1,724  20,000  18,219  —  38,219  12.00% Secured Debt (6) —  (13) 1,692  27,681  13  13  27,681  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) June 30, 2024 Fair Value (13) Preferred Equity (6) —  9,250  5,885  44,090  9,250  —  53,340  Pinnacle TopCo, LLC Secured Debt (12) (8) —  —  12  444  2  460  (14) 13.00% Secured Debt (8) —  —  2,044  30,339  30  —  30,369  Preferred Equity (8) —  2,790  853  12,540  2,790  —  15,330  River Aggregates, LLC Member Units (8) (409) 80  —  3,710  80  —  3,790  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  —  56  1,726  —  —  1,726  12.00% 12.00% Secured Debt (9) —  (9,605) 461  14,262  —  9,605  4,657  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  (2,164) —  4,734  —  2,164  2,570  Preferred Stock (8) —  —  —  1,794  —  1  1,793  Vision Interests, Inc. Series A Preferred Stock (9) —  —  —  3,000  —  —  3,000  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  8  —  —  —  —  11.50% Secured Debt (5) —  —  1,648  28,035  34  1,160  26,909  Preferred Equity (5) —  —  204  12,240  —  —  12,240  —  —  —  —  —  —  —  —  —  —  —  —  —  —  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  4,370  2,811  60,384  —  —  —  Total Control investments $ (352) $ 37,659  $ 102,437  $ 2,006,698  $ 243,661  $ 114,546  $ 2,075,429  Affiliate Investments 423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ 51  $ —  $ 996  $ 52  $ —  $ 1,048  AAC Holdings, Inc. 18.00% 18.00% Secured Debt (12) (7) —  (2) 44  418  60  2  476  18.00% 18.00% Secured Debt (7) —  (44) 1,404  13,895  1,919  44  15,770  Common Stock (7) —  —  —  —  —  —  —  Warrants (7) —  —  —  —  —  —  —  Boccella Precast Products LLC 10.00% Secured Debt (6) —  (55) 16  320  —  55  265  Member Units (6) —  (1,680) 18  1,990  —  1,680  310  Buca C, LLC 14.00% 14.00% Secured Debt (7) —  —  563  12,144  371  —  12,515  6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  —  14.00% 14.00% Secured Debt (12) (7) —  —  —  —  58  —  58  Career Team Holdings, LLC 11.38% SF+ 6.00% Secured Debt (12) (6) —  —  53  881  1,803  1,800  884  13.00% Secured Debt (6) —  —  1,330  19,906  21  180  19,747  Common Stock (6) —  —  —  4,500  —  —  4,500  Classic H&G Holdings, LLC SF+ 6.00% Secured Debt (6) —  —  181  4,560  —  4,560  —  Secured Debt (6) —  (50) 654  19,274  50  19,324  —  Preferred Member Units (6) 10,365  (7,771) 1,470  16,000  10,365  23,896  2,469  Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  (51) 152  4,352  —  1,810  2,542  DMA Industries, LLC 12.00% Secured Debt (7) —  (28) 1,139  18,800  28  2,028  16,800  Preferred Equity (7) —  (1,716) —  7,660  3,068  1,716  9,012  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) June 30, 2024 Fair Value (13) 12.00% Secured Debt (7) —  6  8  —  560  —  560  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  111  —  8,443  111  142  8,412  LP Interests (Dos Rios Partners - A, LP) (8) —  35  —  2,631  35  45  2,621  Dos Rios Stone Products LLC Class A Preferred Units (8) —  (250) —  1,580  —  250  1,330  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) —  —  42  760  1  —  761  FCC Intermediate Holdco, LLC 13.00% Secured Debt (5) —  —  1,198  —  28,691  —  28,691  Warrants (5) —  —  —  —  3,920  —  3,920  Flame King Holdings, LLC Preferred Equity (9) —  7,850  1,570  27,900  7,850  —  35,750  Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (5) —  (77) —  3,012  —  356  2,656  LP Interests (Freeport First Lien Loan Fund III LP) (5) —  —  255  3,704  1  1,109  2,596  GFG Group, LLC 8.00% Secured Debt (5) —  (10) 388  9,345  10  10  9,345  Preferred Member Units (5) —  (1,650) 781  11,460  —  1,650  9,810  Gulf Manufacturing, LLC SF+ 7.63% Secured Debt (12) (8) —  47  111  —  —  —  —  13.00% SF+ 7.63% Secured Debt (8) —  373  2,887  —  40,000  —  40,000  Member Units (8) —  5,910  1,092  9,070  5,910  —  14,980  Hawk Ridge Systems, LLC 11.48% SF+ 6.00% Secured Debt (9) —  —  142  1,974  3,876  3,760  2,090  12.50% Secured Debt (9) —  (27) 2,887  45,256  27  27  45,256  Preferred Member Units (9) —  600  —  17,460  600  —  18,060  Preferred Member Units (9) —  30  —  920  30  —  950  Houston Plating and Coatings, LLC 8.00% Unsecured Convertible Debt (8) —  60  121  2,880  60  —  2,940  Member Units (8) —  (130) 34  3,340  —  130  3,210  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  247  —  4,225  247  —  4,472  LP Interests (HPEP 4, L.P.) (12) (8) —  329  —  3,773  1,211  —  4,984  LP Interests (423 COR, L.P.) (8) —  675  88  1,869  2,175  —  4,044  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) —  420  —  17,690  420  —  18,110  Infinity X1 Holdings, LLC 13.00% Secured Debt (9) —  —  1,147  17,403  33  2,050  15,386  Preferred Equity (9) —  —  512  4,000  368  —  4,368  Integral Energy Services 13.06% SF+ 7.50% Secured Debt (8) —  330  955  13,891  380  1,570  12,701  10.00% 10.00% Preferred Equity (8) —  125  15  300  140  —  440  Common Stock (8) —  390  21  160  390  —  550  Iron-Main Investments, LLC 13.50% Secured Debt (5) —  —  311  4,487  3  —  4,490  13.50% Secured Debt (5) —  —  203  2,922  2  —  2,924  13.50% Secured Debt (5) —  —  610  8,944  —  —  8,944  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) June 30, 2024 Fair Value (13) 13.50% Secured Debt (5) —  —  1,363  19,503  26  2,000  17,529  13.50% Secured Debt (5) —  —  752  10,273  45  400  9,918  Common Stock (5) —  —  —  2,680  —  —  2,680  Preferred Equity (5) —  —  —  —  711  —  711  ITA Holdings Group, LLC 16.46% SF+ 9.00% 2.00% Secured Debt (8) —  —  86  816  365  —  1,181  16.46% SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  63  697  10  —  707  15.46% SF+ 8.00% 2.00% Secured Debt (8) —  —  476  3,430  177  —  3,607  17.46% SF+ 10.00% 2.00% Secured Debt (8) —  —  521  3,430  177  —  3,607  Warrants (8) —  569  —  2,091  569  —  2,660  Johnson Downie Opco, LLC Secured Debt (12) (8) —  (3) 12  —  3  3  —  15.00% Secured Debt (8) —  (29) 1,829  24,207  29  2,729  21,507  Preferred Equity (8) —  3,450  469  9,620  3,450  —  13,070  Nebraska Vet AcquireCo, LLC 12.48% SF+ 7.00% Secured Debt (12) (5) —  8  19  —  1,250  —  1,250  Secured Debt (5) —  (121) 1,205  25,794  —  25,794  —  Secured Debt (5) —  (43) 454  10,500  —  10,500  —  Preferred Member Units (5) —  4,390  474  15,020  4,390  —  19,410  12.50% Secured Debt (5) —  140  1,425  —  62,200  —  62,200  Secured Debt (5) —  198  108  —  —  —  —  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (110) —  326  —  111  215  12.00% 12.00% Secured Debt (8) —  (113) —  332  —  112  220  12.00% 12.00% Secured Debt (8) —  (243) —  716  —  243  473  12.00% 12.00% Secured Debt (8) —  (506) —  1,493  —  506  987  10.00% 10.00% Unsecured Debt (8) —  —  —  305  —  —  305  7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Oneliance, LLC SF+ 10.00% Secured Debt (7) —  —  —  —  —  —  —  15.48% SF+ 10.00% Secured Debt (7) —  83  438  5,350  90  240  5,200  Preferred Stock (7) —  522  —  1,128  522  —  1,650  Quality Lease Service, LLC Preferred Member Units (8) (2,505) 2,500  —  —  2,500  2,500  —  SI East, LLC 11.75% Secured Debt (12) (7) —  (2) 121  1,125  2,252  1,127  2,250  Secured Debt (7) —  (241) 2,599  54,536  —  54,536  —  12.62% Secured Debt (7) —  58  1,464  —  67,661  —  67,661  Preferred Member Units (7) —  (1,480) 1,858  19,170  —  1,480  17,690  Slick Innovations, LLC 14.00% Secured Debt (6) —  86  1,231  11,440  7,600  960  18,080  Common Stock (6) —  26  234  2,310  26  456  1,880  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (1,546) —  3,190  —  1,546  1,644  Preferred Equity (6) —  —  —  —  —  —  —  Superior Rigging & Erecting Co. Secured Debt (7) —  —  1,193  20,427  73  20,500  —  Preferred Member Units (7) —  490  —  5,940  490  —  6,430  The Affiliati Network, LLC Secured Debt (12) (9) —  —  9  150  642  800  (8) 10.00% Secured Debt (9) —  —  440  7,347  14  1,200  6,161  Preferred Stock (9) —  —  53  6,400  —  —  6,400  Preferred Stock (9) —  —  —  172  64  —  236  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) June 30, 2024 Fair Value (13) UnionRock Energy Fund II, LP LP Interests (12) (9) —  197  —  5,694  198  168  5,724  UnionRock Energy Fund III, LP LP Interests (12) (9) —  994  —  2,838  3,494  —  6,332  UniTek Global Services, Inc. 15.00% 15.00% Secured Convertible Debt (6) —  —  132  3,889  132  —  4,021  15.00% 15.00% Secured Convertible Debt (6) —  —  65  1,908  64  —  1,972  20.00% 20.00% Preferred Stock (6) —  (224) 270  2,833  271  224  2,880  20.00% 20.00% Preferred Stock (6) —  140  —  3,698  140  —  3,838  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) —  (150) —  150  —  150  —  Member Units (8) —  —  —  —  —  —  —  Urgent DSO LLC 13.50% Secured Debt (5) —  —  631  —  8,718  —  8,718  9.00% 9.00% Preferred Equity (5) —  —  136  —  4,136  —  4,136  World Micro Holdings, LLC 13.00% Secured Debt (7) —  —  778  12,028  12  —  12,040  Preferred Equity (7) —  —  —  3,845  —  —  3,845  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  (4,370) (2,811) (60,384) —  —  —  Total Affiliate investments $ 753  $ 15,428  $ 40,928  $ 615,002  $ 287,347  $ 209,969  $ 752,764  ___________________________ (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 June 30, 2024 for Control investments located in this region was $514,812. This represented 20.0% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $199,928. This represented 7.8% of net assets as of June 30, 2024. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Control investments located in this region was $294,943. This represented 11.4% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $80,600. This represented 3.1% of net assets as of June 30, 2024. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Control investments located in this region was $49,880. This represented 1.9% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $171,957. This represented 6.7% of net assets as of June 30, 2024. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Control investments located in this region was $826,500. This represented 32.0% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $153,574. This represented 6.0% of net assets as of June 30, 2024. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2024 for Control investments located in this region was $389,294. This represented 15.1% of net assets as of June 30, 2024. The fair value as of June 30, 2024 for Affiliate investments located in this region was $146,705. This represented 5.7% of net assets as of June 30, 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 June 30, 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.