Quarterly report pursuant to Section 13 or 15(d)

Consolidated Schedule of Investments In and Advances to Affiliates

v3.24.2.u1
Consolidated Schedule of Investments In and Advances to Affiliates
6 Months Ended
Jun. 30, 2024
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,
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  $ $ —  $ 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) —  —  —  —  —  — 
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) —  31  —  1,264  1,264  — 
12.50% Secured Debt (8) —  (6) 2,604  42,073  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) —  —  —  —  —  — 
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) —  —  (7) —  (6)
12.00% Secured Debt (5) —  —  1,133  18,632  21  469  18,184 
9.00% Secured Debt (5) —  —  285  6,252  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) —  —  —  —  —  — 
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) —  163  2,400  746  —  3,146 
13.48% SF+ 8.00% Secured Debt (8) —  (23) 2,782  40,493  23  23  40,493 
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)
Member Units (8) —  —  84  44,440  —  —  44,440 
Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (12) (8) —  —  —  —  —  —  — 
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) —  (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) —  —  —  —  —  — 
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  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) —  —  —  —  —  — 
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) —  —  —  —  —  — 
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) —  — 
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) —  —  (26) —  (24)
12.50%     10.00% Secured Debt (9) —  (12,978) 1,083  30,798  19  13,429  17,388 
Preferred Equity (9) —  —  —  —  —  — 
Trantech Radiator Topco, LLC Secured Debt (12) (7) —  —  —  —  —  — 
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) —  —  —  —  —  —  — 
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 Member Units (8) —  1,867  —  7,250  1,868  2,118  7,000 
Preferred Member Units (8) —  —  —  —  —  —  — 
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  —  1,598 
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  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) —  —  —  —  —  — 
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  15,620 
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)
Member Units (8) —  710  3,396  29,320  710  —  30,030 
Member Units (8) —  290  46  2,860  290  —  3,150 
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) —  —  —  —  —  — 
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  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  —  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  —  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 
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 (6) —  110  1,724  20,000  18,219  —  38,219 
12.00% Secured Debt (6) —  (13) 1,692  27,681  13  13  27,681 
Preferred Equity (6) —  9,250  5,885  44,090  9,250  —  53,340 
Pinnacle TopCo, LLC Secured Debt (12) (8) —  —  12  444  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  —  1,793 
Vision Interests, Inc. Series A Preferred Stock (9) —  —  —  3,000  —  —  3,000 
VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  —  —  —  — 
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  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 
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)
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 
12.00% Secured Debt (7) —  —  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  —  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  1,109  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  —  4,490 
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) —  —  203  2,922  —  2,924 
13.50% Secured Debt (5) —  —  610  8,944  —  —  8,944 
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  —  — 
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) —  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) —  —  150  642  800  (8)
10.00% Secured Debt (9) —  —  440  7,347  14  1,200  6,161 
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 Stock (9) —  —  53  6,400  —  —  6,400 
Preferred Stock (9) —  —  —  172  64  —  236 
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). 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,
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 
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 
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)
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 
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 
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)
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 
Warrants (6) —  46  —  1,828  46  —  1,874 
Warrants (6) —  64  —  2,512  64  —  2,576 
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)
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 
Member Units (5) —  (31) (2) 175  —  30  145 
NuStep, LLC 11.75% L+ 6.50% Secured Debt (5) —  —  251  4,399  —  —  4,399 
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)
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) —  —  —  —  —  —  — 
15.00% Preferred Stock (non-voting) (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)
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 
LP Interests (HPEP 4, L.P.) (12) (8) —  —  —  2,332  464  —  2,796 
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 (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 
The Affiliati Network, LLC Secured Debt (9) —  —  12  106  1,962  2,080  (12)
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)
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 20.1% 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 3.5% 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 12.6% 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 4.5% 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 2.3% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $172,637. This represented 7.7% 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 29.1% of net assets as of June 30, 2023. The fair value as of June 30, 2023 for affiliate investments located in this region was $79,676. This represented 3.5% 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 19.5% 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 5.8% 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.