Quarterly report pursuant to Section 13 or 15(d)

Consolidated Schedule of Investments In and Advances to Affiliates

v3.23.2
Consolidated Schedule of Investments In and Advances to Affiliates
6 Months Ended
Jun. 30, 2023
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
Majority-owned investments
Analytical Systems Keco Holdings, LLC L+ 10.00% Secured Debt (8) $ —  $ —  $ $ (3) $ $ —  $ (2)
15.25% L+ 10.00% Secured Debt (8) —  —  379  4,545  39  140  4,444 
14.13% Preferred Member Units (8) —  —  —  —  —  —  — 
Preferred Member Units (8) —  566  —  3,504  566  —  4,070 
Warrants (8) —  —  —  —  —  —  — 
Brewer Crane Holdings, LLC 15.17% L+ 10.00% Secured Debt (9) —  (63) 429  5,964  —  311  5,653 
Preferred Member Units (9) —  (720) 60  7,080  —  720  6,360 
Café Brazil, LLC Member Units (8) —  (80) 103  2,210  —  80  2,130 
California Splendor Holdings LLC 15.25% L+ 10.00% Secured Debt (9) —  (7) 2,127  28,000  28,000 
Preferred Member Units (9) —  (2,060) 125  25,495  —  2,060  23,435 
15.00% 15.00% Preferred Member Units (9) —  —  301  3,994  301  —  4,295 
Clad-Rex Steel, LLC     Secured Debt (12) (5) —  —  —  —  —  — 
11.50%     Secured Debt (5) —  (64) 621  10,440  18  824  9,634 
10.00% Secured Debt (5) —  —  52  1,039  —  17  1,022 
Member Units (5) —  (1,840) 275  8,220  —  1,840  6,380 
Member Units (5) —  220  —  610  519  —  1,129 
CMS Minerals Investments Member Units (9) 99  (366) 44  1,670  99  1,769  — 
Cody Pools, Inc. Secured Debt (12) (8) —  12  —  —  —  — 
12.50% Secured Debt (8) —  39  582  —  46,312  —  46,312 
L+ 10.50% Secured Debt (8) —  (19) 96  1,462  32  1,494  — 
L+ 10.50% Secured Debt (8) —  (280) 2,683  40,801  —  40,801  — 
Preferred Member Units (8) —  6,940  1,446  58,180  6,940  —  65,120 
CompareNetworks Topco, LLC L+ 9.00% Secured Debt (9) —  —  —  —  —  —  — 
14.25% L+ 9.00% Secured Debt (9) —  (5) 355  5,241  377  4,869 
Preferred Member Units (9) —  (3,450) 158  19,830  —  3,450  16,380 
Cybermedia Technologies, LLC Secured Debt (12) (6) —  —  —  —  —  — 
13.00% Secured Debt (6) —  —  1,042  —  28,720  —  28,720 
Preferred Member Units (6) —  —  —  —  15,000  —  15,000 
Datacom, LLC 7.50% Secured Debt (8) —  —  18  223  583  90  716 
10.00% Secured Debt (8) —  —  507  7,789  78  135  7,732 
Preferred Member Units (8) —  (320) —  2,670  —  320  2,350 
Direct Marketing Solutions, Inc.     Secured Debt (12) (9) —  (14) 23  —  14  14  — 
13.00% Secured Debt (9) —  (35) 1,876  27,267  35  837  26,465 
Preferred Stock (9) —  1,130  343  22,220  1,130  —  23,350 
Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (12) (5) —  —  (9) —  (8)
12.00% Secured Debt (5) —  —  1,151  18,594  19  —  18,613 
9.00% Secured Debt (5) —  —  287  6,294  21  6,274 
Common Stock (5) —  364  —  7,603  364  1,877  6,090 
Common Stock (5) —  112  —  1,558  112  —  1,670 
Gamber-Johnson Holdings, LLC SF+ 8.50% Secured Debt (12) (5) —  —  —  —  —  — 
11.00% SF+ 8.00% Secured Debt (5) —  (64) 3,598  64,078  64  4,464  59,678 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
Member Units (5) —  19,270  2,904  50,890  19,270  —  70,160 
GRT Rubber Technologies LLC 11.17% L+ 6.00% Secured Debt (12) (8) —  —  66  670  630  —  1,300 
13.17% L+ 8.00% Secured Debt (8) —  (23) 2,624  40,493  23  23  40,493 
Member Units (8) —  —  84  44,440  —  —  44,440 
Gulf Publishing Holdings, LLC L+ 9.50% Secured Debt (12) (8) —  —  —  —  —  —  — 
12.50% Secured Debt (8) —  —  151  2,284  —  —  2,284 
Preferred Equity (8) —  —  —  3,780  —  —  3,780 
Member Units (8) —  —  —  —  —  —  — 
IG Investor, LLC Secured Debt (12) (6) —  —  84  —  761  800  (39)
13.00% Secured Debt (6) —  —  896  —  37,333  —  37,333 
Common Equity (6) —  —  —  —  15,096  —  15,096 
Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  —  —  —  18,300  —  18,300 
Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  —  —  —  —  — 
15.00% P+ 6.75% Secured Debt (9) —  (3) 183  2,450  2,450 
Member Units (9) —  (1,460) 626  14,970  —  1,460  13,510 
Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  1,407  20,374  195  —  20,569 
9.00% Secured Debt (5) —  —  175  3,842  19  3,824 
Preferred Equity (5) —  510  —  7,220  510  —  7,730 
Member Units (5) —  (70) 60  2,850  —  70  2,780 
Market Force Information, LLC L+ 11.00% Secured Debt (9) (6,662) 163  453  6,090  804  6,894  — 
  Secured Debt (9) (25,952) 24,342  —  1,610  24,342  25,952  — 
Member Units (9) (16,642) 16,642  —  —  16,642  16,642  — 
MetalForming AcquireCo, LLC Secured Debt (12) (7) —  —  —  —  —  — 
12.75% Secured Debt (7) —  —  1,518  23,576  23  —  23,599 
8.00% 8.00% Preferred Equity (7) —  118  148  6,010  235  —  6,245 
Common Stock (7) —  (137) 619  1,537  —  137  1,400 
MH Corbin Holding LLC 13.00% Secured Debt (5) —  1,150  392  4,548  1,150  195  5,503 
Preferred Member Units (5) —  —  —  —  —  —  — 
Preferred Member Units (5) —  —  —  —  —  —  — 
MSC Adviser I, LLC Member Units (8) —  11,040  5,916  122,930  11,040  —  133,970 
Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  —  —  —  — 
10.00% Secured Debt (6) —  —  289  5,746  —  —  5,746 
Common Stock (6) —  4,320  1,977  22,830  4,320  —  27,150 
OMi Topco, LLC 12.00% Secured Debt (8) —  (25) 952  15,750  25  1,525  14,250 
Preferred Member Units (8) —  6,500  1,350  22,810  6,500  —  29,310 
PPL RVs, Inc. L+ 8.75% Secured Debt (8) —  (1) —  — 
13.63% L+ 8.75% Secured Debt (8) —  (39) 1,365  21,655  39  1,404  20,290 
Common Stock (8) —  (880) 157  18,950  —  880  18,070 
Common Stock (8) —  12  —  238  12  —  250 
Principle Environmental, LLC Secured Debt (8) —  —  —  —  —  —  — 
13.00% Secured Debt (8) —  —  397  5,806  11  —  5,817 
Preferred Member Units (8) —  (1,940) 429  12,420  —  1,940  10,480 
Common Stock (8) —  (90) —  590  —  90  500 
Quality Lease Service, LLC Member Units (7) —  (98) —  525  33  98  460 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
Robbins Bros. Jewelry, Inc.     Secured Debt (12) (9) —  —  16  (35) —  (31)
12.50%     Secured Debt (9) —  (444) 2,255  35,404  40  1,119  34,325 
Preferred Equity (9) —  (8,740) —  14,880  —  8,740  6,140 
Trantech Radiator Topco, LLC Secured Debt (12) (7) —  (2) —  — 
12.00% Secured Debt (7) —  (9) 487  7,920  7,920 
Common Stock (7) —  3,970  58  7,800  3,970  —  11,770 
Volusion, LLC 10.00% Secured Debt (8) —  —  54  —  2,100  —  2,100 
Secured Debt (8) (3,188) 1,821  166  14,914  —  14,914  — 
Unsecured Convertible Debt (8) (409) 409  —  —  409  409  — 
Preferred Member Units (8) —  —  —  —  —  —  — 
Preferred Member Units (8) —  (706) —  —  11,446  706  10,740 
Preferred Member Units (8) —  —  —  —  —  —  — 
Common Stock (8) —  (2,576) —  —  2,576  2,576  — 
Warrants (8) —  2,576  —  —  —  —  — 
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) —  (215) 194  2,676  —  215  2,461 
Preferred Member Units (8) —  (170) —  240  —  170  70 
Warrants (8) —  —  —  —  —  —  — 
Other controlled investments
2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) 1,677  (675) 141  7,552  2,077  3,283  6,346 
LP Interests (2717 HPP-MS, L.P.) (12) (8) —  67  —  248  67  —  315 
ASC Interests, LLC 13.00% Secured Debt (12) (8) —  —  27  400  —  —  400 
13.00% Secured Debt (8) —  (52) 108  1,649  —  52  1,597 
Member Units (8) —  (384) —  800  94  384  510 
ATS Workholding, LLC 5.00% Secured Debt (9) —  (277) —  634  126  277  483 
5.00% Secured Debt (9) —  (286) —  1,005  —  286  719 
Preferred Member Units (9) —  —  —  —  —  —  — 
Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  44  711  —  —  711 
Member Units (5) —  (280) —  3,320  —  280  3,040 
Batjer TopCo, LLC Secured Debt (12) (8) —  (8) —  — 
Secured Debt (12) (8) —  —  —  —  —  —  — 
10.00% Secured Debt (8) —  78  583  10,933  92  450  10,575 
Preferred Stock (8) —  2,055  574  4,095  2,055  —  6,150 
Bolder Panther Group, LLC     Secured Debt (9) —  —  —  —  —  — 
14.37% SF+ 9.19% Secured Debt (9) —  (71) 6,976  99,194  71  1,390  97,875 
8.00% Class B Preferred Member Units (9) —  (300) 2,137  31,420  —  300  31,120 
Bridge Capital Solutions Corporation 13.00% Secured Debt (6) —  —  576  8,813  —  —  8,813 
13.00% Secured Debt (6) —  —  65  1,000  —  —  1,000 
Preferred Member Units (6) —  —  50  1,000  —  —  1,000 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
Warrants (6) —  46  —  1,828  46  —  1,874 
Warrants (6) —  64  —  2,512  64  —  2,576 
CBT Nuggets, LLC Member Units (9) —  1,570  1,647  49,002  1,568  —  50,570 
Centre Technologies Holdings, LLC L+ 9.00% Secured Debt (12) (8) —  —  —  —  —  — 
14.25% L+ 9.00% Secured Debt (8) —  64  1,058  14,954  76  —  15,030 
Preferred Member Units (8) —  1,700  60  8,700  1,700  —  10,400 
Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  77  —  —  —  — 
13.36% SF+ 8.00% Secured Debt (8) —  (6) 1,092  16,945  544  16,407 
Member Units (8) —  1,020  1,491  22,920  1,020  —  23,940 
Member Units (8) —  120  46  2,710  120  —  2,830 
Charps, LLC 10.00% Unsecured Debt (5) —  (17) 300  5,694  17  17  5,694 
Preferred Member Units (5) —  460  246  13,340  460  —  13,800 
Colonial Electric Company LLC Secured Debt (6) —  —  47  —  1,600  1,600  — 
12.00% Secured Debt (6) —  (500) 1,406  23,151  28  1,130  22,049 
Preferred Member Units (6) —  1,440  —  —  2,400  —  2,400 
Preferred Member Units (6) —  (1,480) (1,179) 9,160  —  1,480  7,680 
Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  588  —  —  588 
Digital Products Holdings LLC 15.25% SF+ 10.00% Secured Debt (5) —  —  1,141  15,523  —  790  14,733 
Preferred Member Units (5) —  —  100  9,835  —  —  9,835 
Garreco, LLC 12.00% L+ 10.00% Secured Debt (8) —  —  218  3,826  —  554  3,272 
Member Units (8) —  (220) 25  1,800  —  220  1,580 
Gulf Manufacturing, LLC Member Units (8) —  1,210  1,351  6,790  1,210  —  8,000 
Harrison Hydra-Gen, Ltd. Common Stock (8) —  210  —  3,280  210  —  3,490 
Johnson Downie Opco, LLC L+ 11.50% Secured Debt (12) (8) —  (2) —  — 
16.75% L+ 11.50% Secured Debt (8) —  (11) 827  9,999  11  172  9,838 
Preferred Equity (8) —  1,010  91  5,540  1,010  —  6,550 
JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  1,573  25,432  26  —  25,458 
Preferred Equity (9) —  —  512  10,741  —  —  10,741 
KBK Industries, LLC 9.00% Secured Debt (5) —  49  320  —  6,000  700  5,300 
Member Units (5) —  (3,210) 6,496  15,570  —  3,210  12,360 
MS Private Loan Fund Secured Debt (12) (8) —  —  13  —  —  —  — 
Secured Debt (8) —  —  —  —  —  —  — 
LP Interests (12) (8) —  (198) 776  14,833  —  198  14,635 
MSC Income Fund, Inc. Common Equity (8) —  (65) 32  753  2,000  65  2,688 
NAPCO Precast, LLC Member Units (8) —  880  —  11,830  880  —  12,710 
Nebraska Vet AcquireCo, LLC L+ 7.00% Secured Debt (12) (5) —  —  —  —  —  — 
12.00% Secured Debt (5) —  1,258  20,094  1,200  —  21,294 
12.00% Secured Debt (5) —  (11) 644  10,500  11  11  10,500 
Preferred Member Units (5) —  5,090  302  7,700  5,090  —  12,790 
NexRev LLC Secured Debt (12) (8) —  —  —  —  —  —  — 
10.00% Secured Debt (8) —  1,500  616  8,477  1,545  1,654  8,368 
Preferred Member Units (8) —  2,340  151  1,110  2,340  —  3,450 
NRP Jones, LLC 12.00% Secured Debt (5) —  —  126  2,080  —  —  2,080 
Member Units (5) —  (750) 36  4,615  —  750  3,865 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
Member Units (5) —  (31) (2) 175  —  30  145 
NuStep, LLC 11.75% L+ 6.50% Secured Debt (5) —  —  251  4,399  —  —  4,399 
12.00% Secured Debt (5) —  —  1,119  18,414  —  18,420 
Preferred Member Units (5) —  340  —  8,040  340  —  8,380 
Preferred Member Units (5) —  —  —  5,150  —  —  5,150 
Orttech Holdings, LLC L+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  — 
16.25% L+ 11.00% Secured Debt (5) —  142  1,863  23,429  171  800  22,800 
Preferred Stock (5) —  4,810  537  11,750  4,810  —  16,560 
Pearl Meyer Topco LLC 12.00% Secured Debt (12) (6) —  142  —  3,500  —  3,500 
12.00% Secured Debt (6) —  40  534  —  13,500  —  13,500 
12.00% Secured Debt (6) —  (35) 1,722  28,681  35  1,035  27,681 
Preferred Equity (6) —  830  5,708  43,260  830  —  44,090 
River Aggregates, LLC Member Units (8) —  —  —  3,620  —  —  3,620 
Tedder Industries, LLC 12.00% Secured Debt (9) —  —  111  1,840  —  —  1,840 
12.00% Secured Debt (9) —  —  923  15,120  —  15,127 
Preferred Member Units (9) —  (1,391) —  7,681  —  1,391  6,290 
Preferred Member Units (9) —  178  —  —  533  —  533 
Televerde, LLC Member Units (8) —  674  592  5,408  674  —  6,082 
Preferred Stock (8) —  —  —  1,794  —  —  1,794 
Vision Interests, Inc. Series A Preferred Stock (9) —  —  168  3,000  —  —  3,000 
VVS Holdco LLC L+ 6.00% Secured Debt (12) (5) —  —  15  (21) 11  —  (10)
11.50% Secured Debt (5) —  —  1,768  30,161  39  1,242  28,958 
Preferred Equity (5) —  (100) 215  11,940  —  100  11,840 
UnionRock Energy Fund III, LP LP Interests (12) (9) —  —  —  —  150  —  150 
—  —  —  —  —  —  — 
—  —  —  —  —  —  — 
Other —  —  —  —  —  —  — 
Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  (171) (14,914) —  —  — 
Total Control investments $ (51,077) $ 92,940  $ 96,841  $ 1,703,172  $ 338,651  $ 173,038  $ 1,883,699 
Affiliate Investments
423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ —  $ —  $ —  $ 750  $ —  $ 750 
AAC Holdings, Inc. 18.00% 18.00% Secured Debt (12) (7) —  (16) 27  —  376  16  360 
18.00% 18.00% Secured Debt (7) —  (558) 1,149  11,550  1,149  558  12,141 
Common Stock (7) —  —  —  —  —  —  — 
Warrants (7) —  —  —  —  —  —  — 
AFG Capital Group, LLC Preferred Member Units (8) 7,200  (8,200) —  9,400  7,200  16,600  — 
ATX Networks Corp. L+ 7.50% Secured Debt (6) —  (134) 886  6,343  575  6,918  — 
  Unsecured Debt (6) —  (306) 1,160  2,598  1,160  3,758  — 
Common Stock (6) 3,248  (3,270) —  3,270  3,248  6,518  — 
BBB Tank Services, LLC 16.17% L+ 11.00% Unsecured Debt (8) —  —  63  800  —  —  800 
16.17% L+ 11.00% Unsecured Debt (8) —  116  317  2,086  116  —  2,202 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
15.00%   Preferred Stock (non-voting) (8) —  —  —  —  —  —  — 
Boccella Precast Products LLC 10.00% Secured Debt (6) —  —  16  320  —  —  320 
Member Units (6) —  (620) 41  2,970  —  620  2,350 
Buca C, LLC 12.00% Secured Debt (7) —  —  1,044  12,337  —  373  11,964 
6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  — 
Career Team Holdings, LLC 11.25% L+ 6.00% Secured Debt (12) (6) —  —  10  (9) 451  —  442 
12.50% Secured Debt (6) —  —  1,293  20,090  20  —  20,110 
Common Stock (6) —  —  —  4,500  —  —  4,500 
Chandler Signs Holdings, LLC Class A Units (8) 1,797  (290) 60  1,790  1,797  3,587  — 
Classic H&G Holdings, LLC 11.25% L+ 6.00% Secured Debt (12) (6) —  —  260  4,560  —  —  4,560 
8.00% Secured Debt (6) —  (21) 797  19,274  21  21  19,274 
Preferred Member Units (6) —  (6,410) 4,745  24,637  —  6,407  18,230 
Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  (223) 316  7,657  —  2,095  5,562 
DMA Industries, LLC 12.00% Secured Debt (7) —  (21) 1,272  21,200  21  1,221  20,000 
Preferred Equity (7) —  —  —  7,260  —  —  7,260 
Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) 757  156  —  9,127  915  904  9,138 
LP Interests (Dos Rios Partners - A, LP) (8) 241  —  —  2,898  241  287  2,852 
Dos Rios Stone Products LLC Class A Preferred Units (8) —  250  —  1,330  250  —  1,580 
EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) 16  —  43  1,013  16  55  974 
Flame King Holdings, LLC L+ 6.50% Secured Debt (9) —  (60) 484  7,600  60  7,660  — 
L+ 9.00% Secured Debt (9) —  (162) 1,583  21,200  162  21,362  — 
Preferred Equity (9) —  6,770  2,050  17,580  6,770  —  24,350 
Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (12) (5) —  145  —  3,483  145  —  3,628 
LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) —  —  291  5,848  —  536  5,312 
GFG Group, LLC 9.00% Secured Debt (5) —  (12) 525  11,345  12  12  11,345 
Preferred Member Units (5) —  1,170  102  7,140  1,170  —  8,310 
Hawk Ridge Systems, LLC 11.53% SF+ 6.00% Secured Debt (12) (9) —  —  173  3,185  4,581  4,100  3,666 
12.50% Secured Debt (9) —  2,173  37,800  4,142  —  41,942 
Preferred Member Units (9) —  —  131  17,460  —  —  17,460 
Preferred Member Units (9) —  —  —  920  —  —  920 
Houston Plating and Coatings, LLC 8.00% Unsecured Convertible Debt (8) —  (170) 121  3,000  —  170  2,830 
Member Units (8) —  1,160  2,400  1,160  —  3,560 
HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  283  —  4,331  283  508  4,106 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
LP Interests (HPEP 4, L.P.) (12) (8) —  —  —  2,332  464  —  2,796 
LP Interests (423 COR, LP) (12) (8) —  —  117  1,400  —  —  1,400 
I-45 SLF LLC
Member Units (Fully diluted 20.0%; 21.75% profits interest)
(8) —  (1,207) 1,123  11,758  1,200  1,207  11,751 
Infinity X1 Holdings, LLC 13.00% Secured Debt (9) —  —  790  —  17,832  —  17,832 
Preferred Equity (9) —  —  —  —  4,000  —  4,000 
Integral Energy Services 13.04% L+ 7.50% Secured Debt (8) —  (227) 1,036  15,769  33  227  15,575 
Common Stock (8) —  (460) 21  1,280  —  460  820 
Iron-Main Investments, LLC 13.50% Secured Debt (5) —  —  307  4,500  20  4,484 
13.50% Secured Debt (5) —  —  214  3,130  14  3,119 
13.50% Secured Debt (5) —  —  600  8,944  —  —  8,944 
13.50% Secured Debt (5) —  —  1,337  19,559  17  88  19,488 
13.50% Secured Debt (5) —  —  890  —  10,857  38  10,819 
Common Stock (5) —  —  —  1,798  958  —  2,756 
ITA Holdings Group, LLC SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  12  —  —  12  (12)
SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  —  —  —  10  (10)
15.38% SF+ 8.00% 2.00% Secured Debt (8) —  —  84  —  3,252  —  3,252 
17.38% SF+ 10.00% 2.00% Secured Debt (8) —  —  86  —  3,252  —  3,252 
Warrants (8) —  —  —  —  2,091  —  2,091 
OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (127) —  569  —  128  441 
12.00% 12.00% Secured Debt (8) —  (130) —  580  —  130  450 
12.00% 12.00% Secured Debt (8) —  (280) —  1,249  —  280  969 
12.00% 12.00% Secured Debt (8) —  (584) —  2,606  —  584  2,022 
10.00% 10.00% Unsecured Debt (8) —  —  —  305  —  —  305 
7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  — 
Common Stock (8) —  —  —  —  —  —  — 
Warrants (8) —  —  —  —  —  —  — 
Oneliance, LLC L+ 11.00% Secured Debt (7) —  —  —  —  —  —  — 
16.25% L+ 11.00% Secured Debt (7) —  (61) 447  5,559  141  5,424 
Preferred Stock (7) —  —  —  1,056  72  —  1,128 
Quality Lease Service, LLC Secured Debt (8) (29,526) 29,865  —  —  29,865  29,865  — 
Preferred Member Units (8) —  —  —  —  —  —  — 
SI East, LLC Secured Debt (12) (7) —  —  14  —  —  —  — 
12.78% Secured Debt (7) —  268  568  —  54,536  —  54,536 
Secured Debt (7) —  (79) 3,885  89,786  —  89,786  — 
Preferred Member Units (7) —  1,823  639  13,650  2,130  —  15,780 
Slick Innovations, LLC 14.00% Secured Debt (6) —  (22) 980  13,840  22  822  13,040 
Common Stock (6) —  320  —  1,530  320  —  1,850 
Student Resource Center, LLC 8.50%     8.50% Secured Debt (6) —  —  216  4,556  214  —  4,770 
Preferred Equity (6) —  —  —  —  —  —  — 
Superior Rigging & Erecting Co. 12.00% Secured Debt (7) —  —  1,285  21,378  27  1,000  20,405 
Preferred Member Units (7) —  1,140  —  4,500  1,140  —  5,640 
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,
2022 Fair Value (13)
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2023 Fair Value (13)
The Affiliati Network, LLC Secured Debt (9) —  —  12  106  1,962  2,080  (12)
13.00% Secured Debt (9) —  (129) 607  9,442  15  729  8,728 
Preferred Stock (9) —  —  80  6,400  —  —  6,400 
UnionRock Energy Fund II, LP LP Interests (12) (9) —  (964) 25  5,855  531  1,162  5,224 
UniTek Global Services, Inc. SF+ 7.50%   Secured Debt (6) —  22  (2) 382  25  407  — 
SF+ 7.50%   Secured Debt (6) —  96  282  1,712  112  1,824  — 
15.00% 15.00% Secured Convertible Debt (6) —  1,380  187  4,592  1,567  —  6,159 
20.00% 20.00% Preferred Stock (6) —  (221) 221  2,833  221  221  2,833 
20.00% 20.00% Preferred Stock (6) —  1,668  —  1,991  1,668  —  3,659 
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) —  —  —  220  —  —  220 
Member Units (8) —  —  —  —  —  —  — 
World Micro Holdings, LLC 13.00% Secured Debt (7) —  —  948  14,140  14  —  14,154 
  Preferred Equity (7) —  —  139  3,845  —  —  3,845 
Other —  —  —  —  —  —  — 
Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  171  14,914  —  —  — 
Total Affiliate investments $ (16,267) $ 21,672  $ 38,455  $ 618,359  $ 175,201  $ 215,521  $ 563,125 
____________________
(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, 2023 for control investments located in this region was $453,692. This represented 24.1% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $78,205. This represented 13.9% of net assets as of June 30, 2023.
(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, 2023 for control investments located in this region was $283,469. This represented 15.0% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $102,097. This represented 18.1% of net assets as of June 30, 2023.
(7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2023 for control investments located in this region was $51,394. This represented 2.7% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $172,637. This represented 30.7% of net assets as of June 30, 2023.
(8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2023 for control investments located in this region was $655,449. This represented 34.8% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $79,676. This represented 14.1% of net assets as of June 30, 2023.
(9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2023 for control investments located in this region was $439,695. This represented 23.3% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $130,510. This represented 23.2% of net assets as of June 30, 2023.
(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, 2023 (see Note K). The fair value of the investment includes the impact of the fair value of any unfunded commitments.

(13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
Company Total Rate Base Rate Spread PIK Rate Type of Investment(1)(10)(11) Geography Amount of
Realized
Gain/(Loss)
Amount of
Unrealized
Gain/(Loss)
Amount of
Interest,
Fees or
Dividends
Credited to
Income(2)
December 31,
2021
Fair Value
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2022
Fair Value
Majority-owned investments
Analytical Systems Keco Holdings, LLC 12.00% L+ 10.00% Secured Debt (8) $ —  $ —  $ 339  $ 4,736  $ 45  $ 140  $ 4,641 
Preferred Member Units (8) —  (576) —  4,894  —  576  4,318 
Brewer Crane Holdings, LLC 11.06% L+ 10.00% Secured Debt (9) —  —  448  8,037  12  248  7,801 
Preferred Member Units (9) —  (660) 530  7,710  —  660  7,050 
Café Brazil, LLC Member Units (8) —  (50) 99  2,570  —  50  2,520 
California Splendor Holdings LLC 11.00% L+ 10.00% Secured Debt (9) —  56  1,578  27,915  85  —  28,000 
15.00% 15.00% Preferred Member Units (9) —  —  652  9,510  652  6,449  3,713 
Preferred Member Units (9) —  6,020  125  13,275  6,020  —  19,295 
Clad-Rex Steel, LLC 10.63% L+ 9.50% Secured Debt (5) —  —  574  10,401  20  —  10,421 
10.00% Secured Debt (5) —  —  54  1,071  —  16  1,055 
Member Units (5) —  80  —  530  80  —  610 
Member Units (5) —  —  764  10,250  —  —  10,250 
CMS Minerals Investments Member Units (9) —  447  69  1,974  447  147  2,274 
Cody Pools, Inc. 12.25% L+ 10.50% Secured Debt (8) —  (45) 2,702  42,484  2,910  3,757  41,637 
Preferred Member Units (8) —  3,550  1,749  47,640  3,550  —  51,190 
CompareNetworks Topco, LLC 10.13% L+ 9.00% Secured Debt (9) —  (10) 308  6,477  10  746  5,741 
Preferred Member Units (9) —  5,230  316  12,000  5,230  —  17,230 
Datacom, LLC 7.50% Secured Debt (8) —  —  416  7,668  84  135  7,617 
Preferred Member Units (8) —  60  48  2,610  60  —  2,670 
Direct Marketing Solutions, Inc. 12.13% L+ 11.00% Secured Debt (9) —  (20) 1,551  24,048  1,317  687  24,678 
Preferred Stock (9) —  3,200  686  18,350  3,200  —  21,550 
Gamber-Johnson Holdings, LLC 10.50% L+ 8.00% Secured Debt (5) —  (11) 1,100  21,598  11  11  21,598 
Member Units (5) —  (3,400) 360  49,700  —  3,400  46,300 
GRT Rubber Technologies LLC 9.06% L+ 8.00% Secured Debt (8) —  (22) 1,676  38,885  22  22  38,885 
Member Units (8) —  —  2,441  46,190  —  —  46,190 
Jensen Jewelers of Idaho, LLC 10.00% P+ 6.75% Secured Debt (9) —  (4) 130  2,550  104  2,450 
Member Units (9) —  2,700  1,376  12,420  2,700  —  15,120 
Kickhaefer Manufacturing Company, LLC 11.50% Secured Debt (5) —  —  1,205  20,324  25  —  20,349 
9.00% Secured Debt (5) —  —  177  3,876  17  3,860 
Member Units (5) —  (70) —  12,310  —  70  12,240 
Member Units (5) —  —  55  2,460  —  —  2,460 
Market Force Information, LLC 12.13% L+ 11.00% Secured Debt (9) —  —  217  3,400  1,000  —  4,400 
12.00% 12.00% Secured Debt (9) —  (1,405) —  8,936  —  1,405  7,531 
MH Corbin Holding LLC 13.00% Secured Debt (5) —  (1,495) 540  5,934  1,655  4,288 
MSC Adviser I, LLC Member Units (8) —  (22,080) 3,983  140,400  —  22,080  118,320 
Mystic Logistics Holdings, LLC 10.00% Secured Debt (6) —  (1) 312  6,378  281  6,098 
Common Stock (6) —  7,370  1,596  8,840  7,370  —  16,210 
OMi Topco, LLC 12.00% Secured Debt (8) —  (29) 1,099  18,000  29  1,279  16,750 
Preferred Member Units (8) —  90  1,197  20,210  90  —  20,300 
PPL RVs, Inc. 7.97% L+ 7.00% Secured Debt (8) —  251  683  12,381  9,264  2,000  19,645 
Common Stock (8) —  4,130  462  14,360  4,130  —  18,490 
Principle Environmental, LLC 13.00% Secured Debt (8) —  —  86  1,465  1,000  471 
13.00% Secured Debt (8) —  —  399  5,808  12  —  5,820 
Company Total Rate Base Rate Spread PIK Rate Type of Investment(1)(10)(11) Geography Amount of
Realized
Gain/(Loss)
Amount of
Unrealized
Gain/(Loss)
Amount of
Interest,
Fees or
Dividends
Credited to
Income(2)
December 31,
2021
Fair Value
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2022
Fair Value
Preferred Member Units (8) —  370  437  11,160  370  —  11,530 
Common Stock (8) —  30  —  710  30  —  740 
Quality Lease Service, LLC Member Units (7) —  76  —  2,149  76  1,150  1,075 
Robbins Bros. Jewelry, Inc. 12.00% L+ 11.00% Secured Debt (9) —  —  2,241  35,956  43  225  35,774 
Preferred Equity (9) —  4,670  279  11,070  4,670  —  15,740 
Trantech Radiator Topco, LLC 12.00% Secured Debt (7) —  (12) 528  8,712  14  412  8,314 
Common Stock (7) —  (570) 58  8,660  —  570  8,090 
Ziegler’s NYPD, LLC 12.00% Secured Debt (8) —  —  38  625  —  —  625 
6.50% Secured Debt (8) —  —  33  1,000  —  —  1,000 
14.00% Secured Debt (8) —  —  194  2,750  —  —  2,750 
Preferred Member Units (8) —  (450) —  2,130  —  450  1,680 
Other controlled investments
2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) —  1,408  —  3,971  2,583  —  6,554 
LP Interests (2717 HPP-MS, L.P.) (8) —  —  —  —  244  —  244 
ASC Interests, LLC 13.00% Secured Debt (8) —  —  13  200  —  30  170 
13.00% Secured Debt (8) —  —  120  1,636  12  —  1,648 
Member Units (8) —  80  —  720  80  —  800 
ATS Workholding, LLC 5.00% Secured Debt (9) —  —  —  3,005  —  66  2,939 
Barfly Ventures, LLC 7.00% Secured Debt (5) —  —  25  711  —  —  711 
Member Units (5) —  470  —  1,930  470  —  2,400 
Batjer TopCo, LLC 11.00% Secured Debt (8) —  —  512  —  11,372  459  10,913 
Member Units (8) —  —  —  —  4,073  —  4,073 
Bolder Panther Group, LLC 10.50% L+ 9.00% Secured Debt (9) —  (39) 2,491  39,000  10,233  39  49,194 
Class B Preferred Member Units (9) —  2,760  276  23,170  2,760  —  25,930 
Bridge Capital Solutions Corporation 13.00% Secured Debt (6) —  —  576  8,813  —  —  8,813 
13.00% Secured Debt (6) —  —  65  1,000  —  —  1,000 
Preferred Member Units (6) —  —  50  1,000  —  —  1,000 
Warrants (6) —  200  —  4,060  200  —  4,260 
CBT Nuggets, LLC Member Units (9) —  (2,720) 1,647  50,620  —  2,720  47,900 
Centre Technologies Holdings, LLC 12.00% L+ 10.00% Secured Debt (8) —  507  838  8,864  7,903  1,826  14,941 
Preferred Member Units (8) —  768  60  5,840  1,050  —  6,890 
Chamberlin Holding LLC 9.13% L+ 8.00% Secured Debt (8) —  (35) 845  17,817  35  386  17,466 
Member Units (8) —  (1,630) 348  24,140  —  1,630  22,510 
Member Units (8) —  —  34  1,540  —  —  1,540 
Charps, LLC 10.00% Unsecured Debt (5) —  (27) 309  5,694  27  27  5,694 
Preferred Member Units (5) —  (540) 417  13,990  —  540  13,450 
Colonial Electric Company LLC 12.00% Secured Debt (6) —  —  1,703  24,351  1,630  630  25,351 
Preferred Member Units (6) —  (190) 805  9,130  —  190  8,940 
Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  710  —  —  710 
Digital Products Holdings LLC 11.13% L+ 10.00% Secured Debt (5) —  —  929  16,801  23  661  16,163 
Preferred Member Units (5) —  —  100  9,835  —  —  9,835 
Company Total Rate Base Rate Spread PIK Rate Type of Investment(1)(10)(11) Geography Amount of
Realized
Gain/(Loss)
Amount of
Unrealized
Gain/(Loss)
Amount of
Interest,
Fees or
Dividends
Credited to
Income(2)
December 31,
2021
Fair Value
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2022
Fair Value
Flame King Holdings, LLC 7.50% L+ 6.50% Secured Debt (9) —  68  288  6,324  1,276  —  7,600 
12.00% L+ 11.00% Secured Debt (9) —  183  1,300  20,996  204  —  21,200 
Preferred Equity (9) —  3,010  559  10,400  3,010  —  13,410 
Garreco, LLC 9.00% L+ 8.00% Secured Debt (8) —  —  190  4,196  —  —  4,196 
Member Units (8) —  220  321  2,270  220  —  2,490 
Gulf Manufacturing, LLC Member Units (8) —  (130) 985  5,640  —  130  5,510 
Gulf Publishing Holdings, LLC 10.60% 5.25% Secured Debt (8) —  —  257  —  —  257 
12.50% 6.25% Secured Debt (8) —  (2,188) 426  9,717  —  2,188  7,529 
Harrison Hydra-Gen, Ltd. Common Stock (8) —  (200) —  3,530  —  200  3,330 
Johnson Downie Opco, LLC 13.00% L+ 11.50% Secured Debt (8) —  92  755  11,344  115  1,038  10,421 
Preferred Equity (8) —  2,730  566  3,150  2,730  —  5,880 
JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  1,082  —  25,406  —  25,406 
Common Stock (9) —  —  54  —  10,741  —  10,741 
KBK Industries, LLC Member Units (5) —  310  685  13,620  310  —  13,930 
MS Private Loan Fund LP Interests (8) —  (544) 191  2,581  8,750  544  10,787 
MSC Income Fund, Inc. Common Equity (8) —  —  —  —  750  —  750 
NAPCO Precast, LLC Member Units (8) —  (1,730) 13,560  —  1,730  11,830 
Nebraska Vet AcquireCo, LLC 12.00% Secured Debt (5) —  —  649  10,412  11  —  10,423 
12.00% Secured Debt (5) —  —  548  4,829  6,544  —  11,373 
Preferred Member Units (5) —  —  —  7,700  —  —  7,700 
NexRev LLC 11.00% Secured Debt (8) —  (1,703) 1,222  14,045  —  5,783  8,262 
Preferred Member Units (8) —  (3,080) 40  2,690  —  1,750  940 
NRP Jones, LLC 12.00% Secured Debt (5) —  —  126  2,080  —  —  2,080 
Member Units (5) —  (970) 198  6,440  —  970  5,470 
NuStep, LLC 7.63% L+ 6.50% Secured Debt (5) —  —  110  1,720  1,480  —  3,200 
12.00% Secured Debt (5) —  28  1,043  17,240  1,200  —  18,440 
Preferred Member Units (5) —  (1,940) —  13,500  —  1,940  11,560 
Orttech Holdings, LLC 12.00% L+ 11.00% Secured Debt (5) —  —  1,494  24,150  29  400  23,779 
Preferred Stock (5) —  —  386  10,000  —  —  10,000 
Pearl Meyer Topco LLC 12.00% Secured Debt (6) —  (61) 1,942  32,674  1,561  5,554  28,681 
Member Units (6) —  12,780  2,856  26,970  12,780  —  39,750 
River Aggregates, LLC Member Units (8) —  100  —  3,280  100  —  3,380 
Tedder Industries, LLC 12.00% Secured Debt (9) —  —  961  15,141  44  —  15,185 
12.00% Secured Debt (9) —  —  102  1,040  800  —  1,840 
Preferred Member Units (9) —  (1,487) —  8,579  222  1,487  7,314 
Televerde, LLC Member Units (8) —  (2,135) —  7,280  —  2,135  5,145 
Preferred Stock (8) —  1,076  —  —  1,794  —  1,794 
Vision Interests, Inc. Series A Preferred Stock (9) —  —  144  3,000  —  —  3,000 
VVS Holdco LLC 11.50% Secured Debt (5) —  —  1,821  31,269  34  1,201  30,102 
Preferred Equity (5) —  240  200  11,840  240  —  12,080 
Other
Amounts related to investments transferred to or from other 1940 Act classification during the period —  —  57  41,748  —  —  — 
Total Control investments $ —  $ 13,101  $ 69,385  $ 1,489,257  $ 176,645  $ 85,996  $ 1,538,158 
Company Total Rate Base Rate Spread PIK Rate Type of Investment(1)(10)(11) Geography Amount of
Realized
Gain/(Loss)
Amount of
Unrealized
Gain/(Loss)
Amount of
Interest,
Fees or
Dividends
Credited to
Income(2)
December 31,
2021
Fair Value
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2022
Fair Value
Affiliate Investments
AAC Holdings, Inc. 18.00% 8.00% Secured Debt (7) $ —  $ (150) $ 970  $ 9,794  $ 296  $ —  $ 10,090 
Common Stock (7) —  (1,279) —  2,079  —  1,279  800 
Warrants (7) —  (1,200) —  1,940  —  1,200  740 
AFG Capital Group, LLC 10.00% Secured Debt (8) —  —  144  —  144  — 
Preferred Member Units (8) —  1,040  —  7,740  1,040  —  8,780 
ATX Networks Corp. 8.92% L+ 7.50% Secured Debt (6) —  (309) 388  7,092  228  1,133  6,187 
10.00% 10.00% Unsecured Debt (6) —  120  159  1,963  437  158  2,242 
BBB Tank Services, LLC 12.06% L+ 11.00% Unsecured Debt (8) —  (209) 290  2,507  —  209  2,298 
Preferred Stock (non-voting) (8) —  —  —  —  —  —  — 
Member Units (8) —  —  —  —  —  —  — 
Boccella Precast Products LLC 10.00% Secured Debt (6) —  —  16  320  —  —  320 
Member Units (6) —  (320) 70  4,830  —  320  4,510 
Buca C, LLC 10.37% L+ 9.25% Secured Debt (7) —  —  1,036  14,370  —  1,221  13,149 
Career Team Holdings, LLC 12.50% Secured Debt (6) —  —  1,296  20,050  20  —  20,070 
Class A Common Units (6) —  —  —  4,499  —  4,500 
Chandler Signs Holdings, LLC Class A Units (8) —  160  —  460  160  —  620 
Classic H&G Holdings, LLC 7.00% L+ 6.00% Secured Debt (6) —  —  349  4,000  7,920  6,360  5,560 
8.00% Secured Debt (6) —  (21) 797  19,274  21  21  19,274 
Preferred Member Units (6) —  8,530  947  15,260  8,530  —  23,790 
Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  (63) 300  9,959  —  1,660  8,299 
DMA Industries, LLC 12.00% Secured Debt (7) —  186  1,300  20,993  207  —  21,200 
Preferred Equity (7) —  976  —  5,944  976  —  6,920 
Dos Rios Partners LP Interests (Dos Rios Partners - A, LP) (8) —  (546) —  3,280  —  546  2,734 
LP Interests (Dos Rios Partners, LP) (8) —  (1,719) —  10,329  —  1,719  8,610 
Dos Rios Stone Products LLC Class A Preferred Units (8) —  (290) —  640  —  290  350 
EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) 11  —  28  547  —  158  389 
Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (5) —  (52) 6,078  —  1,962  4,116 
LP Interests (Freeport First Lien Loan Fund III LP) (5) —  (57) 242  7,231  —  436  6,795 
GFG Group, LLC 9.00% Secured Debt (5) —  (13) 675  12,545  13  13  12,545 
Preferred Member Units (5) —  —  378  6,990  —  —  6,990 
Hawk Ridge Systems, LLC 7.13% L+ 6.00% Secured Debt (9) —  —  94  2,585  —  —  2,585 
8.00% Secured Debt (9) —  (16) 1,416  34,800  16  16  34,800 
Preferred Member Units (9) —  5,350  704  14,680  5,350  —  20,030 
Preferred Member Units (9) —  280  —  771  279  —  1,050 
Houston Plating and Coatings, LLC 8.00% Unsecured Convertible Debt (8) —  (210) 121  2,960  —  210  2,750 
Member Units (8) —  (690) 16  3,210  —  690  2,520 
HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (8) 779  (21) (80) 4,712  —  381  4,331 
Company Total Rate Base Rate Spread PIK Rate Type of Investment(1)(10)(11) Geography Amount of
Realized
Gain/(Loss)
Amount of
Unrealized
Gain/(Loss)
Amount of
Interest,
Fees or
Dividends
Credited to
Income(2)
December 31,
2021
Fair Value
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2022
Fair Value
LP Interests (423 COR, LP) (8) —  —  —  —  1,400  —  1,400 
I-45 SLF LLC
Member Units (Fully diluted 20.0%; 21.75% profits interest)
(8) —  (1,438) 943  14,387  —  1,438  12,949 
Iron-Main Investments, LLC 12.50% Secured Debt (5) —  —  204  3,170  —  3,173 
12.50% Secured Debt (5) —  —  294  4,557  —  4,561 
12.50% Secured Debt (5) —  —  1,839  28,749  20  —  28,769 
Common Stock (5) —  —  —  1,798  —  —  1,798 
L.F. Manufacturing Holdings, LLC Preferred Member Units (non-voting) (8) —  —  107  —  115 
Member Units (8) —  590  224  2,560  590  —  3,150 
OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (155) 28  935  28  155  808 
12.00% 12.00% Secured Debt (8) —  (158) 29  954  29  158  825 
12.00% 12.00% Secured Debt (8) —  (341) 62  2,055  62  341  1,776 
12.00% 12.00% Secured Debt (8) —  (710) 129  4,286  129  711  3,704 
10.00% 10.00% Unsecured Debt (8) —  —  191  11  197 
Oneliance, LLC 12.06% L+ 11.00% Secured Debt (7) —  —  344  5,547  —  5,553 
Preferred Stock (7) —  —  —  1,056  —  —  1,056 
Quality Lease Service, LLC 12.00% Secured Debt (8) (51) —  —  —  —  —  — 
SI East, LLC 10.25% Secured Debt (7) —  (36) 3,751  65,850  36  1,525  64,361 
Preferred Member Units (7) —  1,260  345  11,570  1,260  —  12,830 
Slick Innovations, LLC 13.00% Secured Debt (6) —  (28) 340  5,320  28  708  4,640 
Common Stock (6) —  130  —  1,510  130  —  1,640 
Warrants (6) —  40  —  400  40  —  440 
Sonic Systems International, LLC 8.50% L+ 7.50% Secured Debt (8) —  (233) 565  11,757  3,737  234  15,260 
Common Stock (8) —  64  21  1,070  350  —  1,420 
Superior Rigging & Erecting Co. 12.00% Secured Debt (7) —  —  1,320  21,332  23  —  21,355 
Preferred Member Units (7) —  —  —  4,500  —  —  4,500 
The Affiliati Network, LLC 11.83% Secured Debt (9) —  —  794  13,096  2,187  3,640  11,643 
Preferred Stock (9) —  —  302  6,400  —  —  6,400 
UnionRock Energy Fund II, LP LP Interests (9) —  (997) 55  6,123  1,324  3,582  3,865 
UniTek Global Services, Inc. 9.07% L+ 5.50% 2.00% Secured Debt (6) —  (9) 18  371  13  366 
9.07% L+ 5.50% 2.00% Secured Debt (6) —  (47) 88  1,852  42  66  1,828 
15.00% 15.00% Secured Convertible Debt (6) —  72  95  2,375  309  96  2,588 
Preferred Stock (6) —  (181) 181  2,833  181  181  2,833 
Preferred Stock (6) —  393  —  1,498  393  —  1,891 
Volusion, LLC 11.50% Secured Debt (8) —  —  992  17,434  —  350  17,084 
8.00% Unsecured Convertible Debt (8) —  —  16  409  —  —  409 
Preferred Member Units (8) —  (3,060) —  5,989  —  3,059  2,930 
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,
2021
Fair Value
Gross
Additions(3)
Gross
Reductions(4)
June 30,
2022
Fair Value
Amounts related to investments transferred to or from other 1940 Act classification during the period —  139  1,302  32,597  —  —  — 
Total Affiliate investments $ 739  $ 4,772  $ 25,810  $ 549,214  $ 37,832  $ 36,388  $ 518,061 
________________
(1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q.
(2)Represents the total amount of interest, fees and dividends credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts from investments transferred from other 1940 Act classifications during the period.”
(3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category.
(4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category.
(5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2022 for control investments located in this region was $341,821. This represented 22.2% of net assets as of June 30, 2022. The fair value as of June 30, 2022 for affiliate investments located in this region was $68,747. This represented 13.3% of net assets as of June 30, 2022.
(6)Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2022 for control investments located in this region was $140,103. This represented 9.1% of net assets as of June 30, 2022. The fair value as of June 30, 2022 for affiliate investments located in this region was $102,679. This represented 19.8% of net assets as of June 30, 2022.
(7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of June 30, 2022 for control investments located in this region was $17,479. This represented 1.1% of net assets as of June 30, 2022. The fair value as of June 30, 2022 for affiliate investments located in this region was $162,554. This represented 31.4% of net assets as of June 30, 2022.
(8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of June 30, 2022 for control investments located in this region was $588,039. This represented 38.2% of net assets as of June 30, 2022. The fair value as of June 30, 2022 for affiliate investments located in this region was $103,708. This represented 20.0% of net assets as of June 30, 2022.
(9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of June 30, 2022 for control investments located in this region was $450,716. This represented 29.3% of net assets as of June 30, 2022. The fair value as of June 30, 2022 for affiliate investments located in this region was $80,373. This represented 15.5% of net assets as of June 30, 2022.
(10)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted.
(11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs.
(12)Investment has an unfunded commitment as of June 30, 2022 (see Note K). The fair value of the investment includes the impact of the fair value of any unfunded commitments.