Consolidated Schedule of Investments In and Advances to Affiliates

v3.25.0.1

Consolidated Schedule of Investments In and Advances to Affiliates	12 Months Ended
	Dec. 31, 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) December 31, 2024 Fair Value (13) Majority-owned investments Analytical Systems Keco Holdings, LLC Secured Debt (12) (8) $ —  $ —  $ 5  $ 219  $ —  $ 219  $ —  13.75% Secured Debt (8) —  —  698  4,084  314  350  4,048  Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  440  —  4,860  440  —  5,300  Warrants (8) —  —  —  —  —  —  —  BDB Holdings, LLC Preferred Equity (7) —  (617) —  —  19,537  617  18,920  Brewer Crane Holdings, LLC 14.66% SF+ 10.00% Secured Debt (9) —  —  820  5,498  14  496  5,016  Preferred Member Units (9) —  (940) 120  5,620  —  940  4,680  Café Brazil, LLC Member Units (8) —  (780) 35  1,980  —  780  1,200  California Splendor Holdings LLC 14.00% 4.00% Secured Debt (9) —  (79) 4,109  27,655  889  79  28,465  14.00% 4.00% Secured Debt (12) (9) —  —  106  —  1,506  —  1,506  Preferred Member Units (9) —  893  250  15,695  6,520  —  22,215  15.00% 15.00% Preferred Member Units (9) —  —  1,308  4,601  6,308  —  10,909  Clad-Rex Steel, LLC Secured Debt (12) (5) —  —  2  —  —  —  —  9.00% Secured Debt (5) —  174  879  8,422  138  1,800  6,760  10.00% Secured Debt (5) —  8  100  1,004  9  40  973  Member Units (5) —  5,790  693  5,200  5,790  —  10,990  Member Units (5) —  (179) —  1,129  —  179  950  Cody Pools, Inc. Secured Debt (12) (8) —  1  45  —  1,264  1,264  —  12.50% Secured Debt (8) —  (12) 5,143  42,073  12  2,858  39,227  Preferred Member Units (8) —  (4,660) 1,628  72,470  —  4,660  67,810  CompareNetworks Topco, LLC SF+ 9.00% Secured Debt (9) —  —  —  —  —  —  —  13.66% SF+ 9.00% Secured Debt (9) —  —  483  3,454  —  551  2,903  Preferred Member Units (9) —  (4,735) —  14,450  1,545  4,735  11,260  Cybermedia Technologies, LLC Secured Debt (12) (6) —  —  10  —  —  —  —  13.00% Secured Debt (6) —  —  3,725  28,389  65  1,338  27,116  Preferred Member Units (6) —  —  1,403  15,000  —  —  15,000  Datacom, LLC 7.50% Secured Debt (8) —  —  28  447  587  541  493  10.00% Secured Debt (8) —  485  979  7,587  630  270  7,947  Preferred Member Units (8) —  170  —  70  170  —  240  Direct Marketing Solutions, Inc. Secured Debt (9) —  (29) 81  1,233  1,729  2,962  —  14.00% Secured Debt (9) —  (44) 3,553  25,543  44  1,685  23,902  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) December 31, 2024 Fair Value (13) Preferred Stock (9) —  (2,810) —  20,740  —  2,810  17,930  Gamber-Johnson Holdings, LLC SF+ 7.00% Secured Debt (12) (5) —  —  6  —  —  —  —  11.00% SF+ 7.00% Secured Debt (12) (5) —  140  1,046  —  73,126  —  73,126  SF+ 7.00% Secured Debt (5) —  (266) 5,112  54,078  —  54,078  —  Member Units (5) —  18,040  7,688  96,710  18,040  —  114,750  Garreco, LLC SF+ 8.00% Secured Debt (8) —  —  92  3,088  —  3,088  —  Member Units (8) —  480  87  1,580  480  —  2,060  GRT Rubber Technologies LLC 10.66% SF+ 6.00% Secured Debt (12) (8) —  1  343  2,400  746  —  3,146  12.66% SF+ 8.00% Secured Debt (8) —  (47) 5,521  40,493  47  47  40,493  Member Units (8) —  1,450  230  44,440  1,450  —  45,890  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (12) (8) —  —  —  —  —  —  —  12.50% 12.50% Secured Debt (8) —  (666) 79  2,284  —  766  1,518  Preferred Equity (8) —  (2,460) —  2,460  —  2,460  —  Member Units (8) —  —  —  —  —  —  —  IG Investor, LLC 13.00% Secured Debt (12) (6) —  —  119  (35) 1,607  —  1,572  13.00% Secured Debt (6) —  —  4,862  36,934  83  1,760  35,257  Common Equity (6) —  1,830  —  14,400  1,830  —  16,230  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  3  —  —  —  —  14.50% P+ 6.75% Secured Debt (9) —  —  281  1,998  —  500  1,498  Member Units (9) —  (600) 1,156  12,420  —  600  11,820  MH Corbin Holding LLC Secured Debt (5) (3,840) 379  557  5,022  379  5,401  —  Preferred Member Units (5) (4,368) 4,070  —  330  4,070  4,400  —  Preferred Member Units (5) (6,000) 6,000  —  —  6,000  6,000  —  MSC Adviser I, LLC Member Units (8) —  71,937  11,260  174,063  71,937  —  246,000  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  4  —  —  —  —  10.00% Secured Debt (6) —  15  589  5,746  —  —  5,746  Common Stock (6) —  (20) 3,800  26,390  —  20  26,370  NRP Jones, LLC 12.00% Secured Debt (5) —  —  259  2,080  98  —  2,178  Member Units (5) —  1,009  —  1,466  1,230  —  2,696  Member Units (5) —  41  —  53  41  —  94  OMi Topco, LLC 12.00% Secured Debt (8) —  (38) 1,429  12,750  38  3,788  9,000  Preferred Member Units (8) —  36,340  8,775  36,380  36,340  —  72,720  PPL RVs, Inc. SF+ 8.75% Secured Debt (8) —  (2) 2  —  2  2  —  13.73% SF+ 8.75% Secured Debt (8) —  (70) 2,758  19,877  71  3,492  16,456  Common Stock (8) —  130  —  16,980  130  —  17,110  Common Stock (8) —  146  24  368  146  —  514  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  811  5,829  32  1,000  4,861  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) December 31, 2024 Fair Value (13) Preferred Member Units (8) —  1,850  1,396  10,750  1,850  —  12,600  Common Stock (8) —  90  —  510  90  —  600  Quality Lease Service, LLC Member Units (7) —  —  —  460  —  —  460  Robbins Bros. Jewelry, Inc. 10.00% Secured Debt (9) —  —  8  (26) —  13  (39) 12.50% 10.00% Secured Debt (9) —  (14,949) 1,083  30,798  —  16,236  14,562  Preferred Equity (9) —  —  6  —  —  —  —  Trantech Radiator Topco, LLC Secured Debt (12) (7) —  (1) 5  —  1  2  (1) 13.50% Secured Debt (7) —  (8) 1,089  7,920  —  65  7,855  Common Stock (7) —  (4,170) 116  12,740  —  4,170  8,570  Victory Energy Operations, LLC Secured Debt (8) —  —  6  —  —  33  (33) 13.00% Secured Debt (8) —  —  2,557  —  47,792  —  47,792  Preferred Equity (8) —  —  —  —  26,133  3,447  22,686  Volusion, LLC 10.00% Secured Debt (8) —  —  213  2,100  —  —  2,100  Preferred Member Units (8) —  —  30  —  —  —  —  Preferred Member Units (8) —  4,421  —  7,250  4,422  4,669  7,003  Preferred Member Units (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Ziegler’s NYPD, LLC Secured Debt (8) —  —  55  450  —  450  —  12.00% Secured Debt (8) —  —  —  —  1,750  —  1,750  Secured Debt (8) —  55  66  945  —  945  —  Secured Debt (8) (2,301) 670  389  2,080  188  2,268  —  Preferred Member Units (8) —  —  —  —  320  —  320  Warrants (8) —  —  —  —  —  —  —  Other controlled investments 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) 147  2,768  311  6,050  2,915  147  8,818  LP Interests (2717 HPP-MS, L.P.) (8) —  60  —  315  68  —  383  LP Interests (2717 GRE-LP, L.P.) (8) —  —  —  —  441  —  441  HPEP 423 COR, LP LP Interests (423 COR, L.P.) (8) —  818  102  1,869  2,318  —  4,187  ASC Interests, LLC 13.00% Secured Debt (8) —  —  54  400  —  —  400  13.00% Secured Debt (8) —  —  219  1,597  1  —  1,598  Preferred Member Units (8) —  (266) —  266  —  266  —  Member Units (8) —  (100) —  100  —  100  —  ATS Workholding, LLC 5.00% Secured Debt (12) (9) —  (507) —  328  293  508  113  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) December 31, 2024 Fair Value (13) 5.00% Secured Debt (9) —  (329) —  473  —  330  143  Preferred Member Units (9) —  —  —  —  —  —  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  51  711  —  —  711  Member Units (5) —  1,720  1  4,140  1,720  —  5,860  Batjer TopCo, LLC 10.00% Secured Debt (12) (8) —  (6) 42  —  452  6  446  10.00% Secured Debt (12) (8) —  —  27  270  —  —  270  10.00% Secured Debt (8) —  (67) 1,096  10,575  21  67  10,529  Preferred Stock (8) —  (990) 766  6,150  —  990  5,160  Bolder Panther Group, LLC 12.55% SF+ 7.99% Secured Debt (9) —  (99) 13,647  96,556  7,635  2,548  101,643  8.00% Class B Preferred Member Units (9) —  (500) 3,816  31,020  —  500  30,520  Secured Debt (9) —  —  131  —  —  —  —  Bridge Capital Solutions Corporation Secured Debt (6) —  —  767  8,813  —  8,813  —  Secured Debt (6) —  —  87  1,000  —  1,000  —  Preferred Member Units (6) —  (1,000) 75  1,000  —  1,000  —  Warrants (6) —  (1,808) —  1,808  —  1,808  —  Warrants (6) —  (2,482) —  2,482  —  2,482  —  CBT Nuggets, LLC Member Units (9) —  (590) 2,471  50,130  —  590  49,540  Centre Technologies Holdings, LLC SF+ 9.00% Secured Debt (12) (8) —  —  12  —  —  —  —  13.66% SF+ 9.00% Secured Debt (8) —  42  385  —  26,255  721  25,534  SF+ 10.00% Secured Debt (8) —  —  2,900  —  3,675  3,675  —  Secured Debt (8) —  (62) 281  17,574  —  17,574  —  Preferred Member Units (8) —  1,106  120  11,040  1,370  —  12,410  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  (90) 98  —  90  90  —  12.74% SF+ 8.00% Secured Debt (8) —  (2) 2,117  15,620  2  2  15,620  Member Units (8) —  3,790  4,715  29,320  3,790  —  33,110  Member Units (8) —  690  92  2,860  690  —  3,550  Charps, LLC 10.00% Unsecured Debt (5) —  (487) 1,058  5,694  487  487  5,694  Preferred Member Units (5) —  (110) 802  15,690  —  110  15,580  Colonial Electric Company LLC Secured Debt (12) (6) —  —  8  —  —  —  —  12.00% Secured Debt (6) —  356  2,293  21,627  423  7,740  14,310  Preferred Member Units (6) —  (1,440) 1,440  2,400  —  2,400  —  Preferred Member Units (6) —  5,890  2,882  7,680  5,890  —  13,570  Compass Systems & Sales, LLC Secured Debt (5) —  —  118  —  2,379  2,400  (21) 13.50% Secured Debt (5) —  —  2,395  17,034  33  —  17,067  Preferred Equity (5) —  (4) 240  7,454  —  4  7,450  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) December 31, 2024 Fair Value (13) Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  —  568  —  68  500  Digital Products Holdings LLC 14.56% SF+ 10.00% Secured Debt (5) —  (71) 2,128  14,690  59  2,327  12,422  Preferred Member Units (5) —  —  200  9,835  —  —  9,835  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (12) (5) —  —  9  (7) 2  —  (5) 12.00% Secured Debt (5) —  —  2,265  18,632  41  704  17,969  9.00% Secured Debt (5) —  —  568  6,252  3  48  6,207  Common Stock (5) —  (360) —  6,090  —  360  5,730  Common Stock (5) —  1,380  —  1,670  1,380  —  3,050  Harrison Hydra-Gen, Ltd. Common Stock (8) —  2,350  308  4,660  2,350  —  7,010  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  3,122  25,483  62  2,329  23,216  Preferred Equity (9) —  2,187  1,351  10,741  2,439  —  13,180  KBK Industries, LLC 9.00% Secured Debt (5) —  (15) 407  4,700  15  1,015  3,700  Member Units (5) —  2,410  2,756  22,770  2,410  —  25,180  Kickhaefer Manufacturing Company, LLC 11.50% Secured Debt (5) —  —  2,150  19,774  13  4,800  14,987  9.00% Secured Debt (5) —  —  354  3,805  165  44  3,926  Preferred Equity (5) —  2,550  —  9,690  2,550  —  12,240  Member Units (5) —  (20) 124  2,730  —  20  2,710  Metalforming Holdings, LLC Secured Debt (12) (7) —  —  15  —  —  11  (11) 9.75% Secured Debt (7) —  —  2,594  23,623  63  2,842  20,844  8.00% 8.00% Preferred Equity (7) —  481  —  6,035  481  119  6,397  Common Stock (7) —  5,350  561  1,500  5,350  —  6,850  MS Private Loan Fund I, LP 5.00% Secured Debt (12) (8) —  —  53  —  18,100  16,500  1,600  LP Interests (12) (8) —  (493) 1,959  14,527  —  493  14,034  MS Private Loan Fund II, LP SF+ 3.50% Secured Debt (12) (8) —  —  2,964  23,367  42,074  65,500  (59) LP Interests (12) (8) —  394  363  1,561  6,282  —  7,843  MSC Income Fund, Inc. Common Equity (8) —  (215) 1,649  10,025  7,000  215  16,810  NAPCO Precast, LLC Member Units (8) —  (2,680) 126  11,730  —  2,680  9,050  Nello Industries Investco, LLC SF+ 6.50% Secured Debt (5) —  —  1,023  —  21,584  21,600  (16) 13.50% Secured Debt (5) —  —  2,636  —  26,959  —  26,959  Common Equity (5) —  3,440  937  —  15,560  —  15,560  NexRev LLC Secured Debt (12) (8) —  —  118  —  3,378  3,378  —  9.00% Secured Debt (8) —  9  1,032  9,751  60  —  9,811  Preferred Member Units (8) —  5,560  972  6,350  5,560  —  11,910  NuStep, LLC 11.16% SF+ 6.50% Secured Debt (5) —  —  437  3,600  —  —  3,600  12.00% Secured Debt (5) —  —  2,262  18,426  13  —  18,439  Preferred Member Units (5) —  644  —  9,240  2,310  —  11,550  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) December 31, 2024 Fair Value (13) Preferred Member Units (5) —  127  —  5,150  850  —  6,000  Orttech Holdings, LLC SF+ 11.00% Secured Debt (12) (5) —  —  —  —  —  —  —  15.66% SF+ 11.00% Secured Debt (5) —  (45) 3,684  22,040  45  125  21,960  Preferred Stock (5) —  (3,600) 448  17,050  —  3,600  13,450  Pearl Meyer Topco LLC Secured Debt (6) —  (3) 351  3,500  1,503  5,003  —  Secured Debt (6) —  (44) 4,290  20,000  23,263  43,263  —  Secured Debt (6) —  (80) 3,374  27,681  80  27,761  —  Preferred Equity (6) 53,693  (31,090) 8,988  44,090  53,693  97,783  —  Pinnacle TopCo, LLC Secured Debt (12) (8) —  13  17  444  16  460  —  13.00% Secured Debt (8) —  225  4,020  30,339  301  2,000  28,640  Preferred Equity (8) —  5,820  2,118  12,540  5,820  —  18,360  River Aggregates, LLC Member Units (8) (409) 5,820  —  3,710  5,820  —  9,530  Tedder Industries, LLC 12.00% 12.00% Secured Debt (9) —  (60) 56  1,726  —  80  1,646  12.00% 12.00% Secured Debt (9) —  (10,503) 461  14,262  —  10,659  3,603  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Preferred Member Units (9) —  —  —  —  —  —  —  Televerde, LLC Member Units (8) —  (482) —  4,734  —  482  4,252  Preferred Stock (8) —  —  —  1,794  —  —  1,794  Vision Interests, Inc. Series A Preferred Stock (9) —  —  —  3,000  —  3,000  —  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  16  —  —  —  —  11.50% Secured Debt (5) —  —  3,241  28,035  66  2,440  25,661  Preferred Equity (5) —  —  401  12,240  —  —  12,240  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  3,694  2,723  58,515  —  —  —  Total Control investments $ 36,922  $ 117,867  $ 205,367  $ 2,006,698  $ 666,648  $ 526,941  $ 2,087,890  Affiliate Investments 423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ 229  $ —  $ 996  $ 230  $ —  $ 1,226  AAC Holdings, Inc. 18.00% 18.00% Secured Debt (12) (7) —  (1) 93  418  192  1  609  18.00% 18.00% Secured Debt (7) —  (3) 2,958  13,895  3,473  3  17,365  Common Stock (7) —  —  —  —  —  —  —  Warrants (7) —  —  —  —  —  —  —  Boccella Precast Products LLC 10.00% Secured Debt (6) —  (55) 33  320  —  54  266  Member Units (6) —  (1,680) 41  1,990  —  1,680  310  Buca C, LLC 15.00% 15.00% Secured Debt (7) —  (1,025) 563  12,144  —  12,144  —  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) December 31, 2024 Fair Value (13) 6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  —  15.00% 15.00% Secured Debt (7) —  —  —  —  —  —  —  15.00% 15.00% Secured Debt (7) —  (5,652) —  —  5,652  5,652  —  Career Team Holdings, LLC 10.56% SF+ 6.00% Secured Debt (12) (6) —  —  125  881  3,156  3,150  887  12.50% Secured Debt (6) —  —  2,658  19,906  43  585  19,364  Common Stock (6) —  240  —  4,500  240  —  4,740  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) 10,388  (7,390) 1,470  16,000  10,388  23,538  2,850  Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (12) (8) —  (111) 239  4,352  —  2,076  2,276  Connect Telecommunications Solutions Holdings, Inc. 13.00% Secured Debt (6) —  —  1,472  —  28,576  1,261  27,315  Preferred Equity (6) —  —  —  —  12,596  —  12,596  DMA Industries, LLC 12.00% Secured Debt (7) —  (115) 2,178  18,800  37  2,115  16,722  Preferred Equity (7) —  (1,716) —  7,660  —  1,716  5,944  12.00% Secured Debt (7) —  —  43  —  555  —  555  15.00% 15.00% Preferred Equity (7) —  —  172  —  3,240  —  3,240  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) —  (593) —  8,443  —  735  7,708  LP Interests (Dos Rios Partners - A, LP) (8) —  (139) —  2,631  —  184  2,447  Dos Rios Stone Products LLC Class A Preferred Units (8) —  (1,580) —  1,580  —  1,580  —  EIG Fund Investments LP Interests (EIG Global Private Debt Fund-A, L.P.) (8) 36  —  52  760  36  427  369  FCC Intermediate Holdco, LLC 13.00% Secured Debt (5) —  —  3,795  —  29,109  —  29,109  Warrants (5) —  6,920  —  —  10,840  —  10,840  Flame King Holdings, LLC Preferred Equity (9) —  8,020  4,918  27,900  8,020  —  35,920  Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (5) —  (543) —  3,012  —  822  2,190  LP Interests (Freeport First Lien Loan Fund III LP) (5) —  59  41  3,704  59  2,500  1,263  GFG Group, LLC 8.00% Secured Debt (5) —  (22) 748  9,345  22  1,182  8,185  Preferred Member Units (5) —  (920) 1,812  11,460  —  920  10,540  Gulf Manufacturing, LLC SF+ 7.63% Secured Debt (12) (8) —  42  129  —  —  —  —  12.19% SF+ 7.63% Secured Debt (8) —  325  5,472  —  40,000  1,000  39,000  Member Units (8) —  5,660  1,481  9,070  5,660  —  14,730  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) December 31, 2024 Fair Value (13) Common Stock (8) —  —  —  —  888  —  888  Hawk Ridge Systems, LLC 10.73% SF+ 6.00% Secured Debt (9) —  (1) 316  1,974  7,432  6,761  2,645  12.50% Secured Debt (9) —  (55) 5,807  45,256  55  55  45,256  Preferred Member Units (9) —  2,800  290  17,460  2,800  —  20,260  Preferred Member Units (9) —  150  —  920  150  —  1,070  Houston Plating and Coatings, LLC 10.00% Unsecured Convertible Debt (8) —  60  289  2,880  60  —  2,940  Member Units (8) —  590  148  3,340  590  —  3,930  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  247  1  4,225  247  —  4,472  LP Interests (HPEP 4, L.P.) (12) (8) —  329  —  3,773  2,088  —  5,861  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) —  2,700  —  17,690  2,700  —  20,390  Infinity X1 Holdings, LLC 12.00% Secured Debt (9) —  96  2,096  17,403  147  2,500  15,050  Preferred Equity (9) —  4,712  899  4,000  5,080  —  9,080  Integral Energy Services 12.35% SF+ 7.50% Secured Debt (8) —  332  1,831  13,891  408  1,571  12,728  10.00% 10.00% Preferred Equity (8) —  125  27  300  152  —  452  Common Stock (8) —  390  43  160  390  —  550  Iron-Main Investments, LLC 13.00% Secured Debt (5) —  —  616  4,487  6  —  4,493  13.00% Secured Debt (5) —  —  402  2,922  5  —  2,927  13.00% Secured Debt (5) —  —  1,209  8,944  —  —  8,944  13.00% Secured Debt (5) —  —  2,555  19,503  39  2,000  17,542  13.00% Secured Debt (5) —  —  1,464  10,273  86  721  9,638  Common Stock (5) —  170  —  2,680  170  —  2,850  25.00% 25.00% Preferred Equity (5) —  49  —  —  760  —  760  ITA Holdings Group, LLC 13.78% SF+ 9.00% Secured Debt (8) —  11  169  816  600  236  1,180  13.78% SF+ 9.00% Secured Debt (8) —  12  121  697  297  —  994  12.78% SF+ 8.00% Secured Debt (8) —  666  938  3,430  1,008  —  4,438  14.78% SF+ 10.00% Secured Debt (8) —  666  1,027  3,430  1,008  —  4,438  Warrants (8) —  3,599  —  2,091  3,599  —  5,690  Johnson Downie Opco, LLC Secured Debt (12) (8) —  (6) 24  —  6  6  —  15.00% Secured Debt (8) —  (52) 3,501  24,207  52  2,752  21,507  Preferred Equity (8) —  4,930  934  9,620  4,930  —  14,550  Mills Fleet Farm Group, LLC SF+ 5.50% Secured Debt (12) (5) —  —  6  —  —  —  —  SF+ 7.00% Secured Debt (5) (6,169) 359  2,160  17,524  —  17,524  —  Common Equity (5) —  —  —  —  13,840  —  13,840  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) December 31, 2024 Fair Value (13) MoneyThumb Acquisition, LLC 14.00% Secured Debt (9) —  —  753  —  8,967  —  8,967  12.00% 12.00% Preferred Member Units (9) —  —  74  —  1,707  —  1,707  Warrants (9) —  —  —  —  594  —  594  Nebraska Vet AcquireCo, LLC SF+ 7.00% Secured Debt (12) (8) —  7  100  —  1,250  1,250  —  Secured Debt (8) —  (121) 1,205  25,794  —  25,794  —  Secured Debt (8) —  (44) 454  10,500  —  10,500  —  Preferred Member Units (5) —  17,020  1,158  15,020  17,020  —  32,040  12.50% Secured Debt (5) —  115  5,459  —  62,200  —  62,200  12.50% Secured Debt (5) —  171  257  —  4,650  —  4,650  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (226) —  326  —  227  99  12.00% 12.00% Secured Debt (8) —  (231) —  332  —  231  101  12.00% 12.00% Secured Debt (8) —  (497) —  716  —  498  218  12.00% 12.00% Secured Debt (8) —  (1,037) —  1,493  —  1,036  457  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) —  —  —  —  —  —  —  SF+ 10.00% Secured Debt (7) —  61  539  5,350  90  5,440  —  Preferred Stock (7) —  1,452  12  1,128  1,452  —  2,580  Quality Lease Service, LLC Preferred Member Units (8) (2,504) 2,500  —  —  2,500  2,500  —  RA Outdoors (Aspira) LLC 11.74% SF+ 6.75% 11.74% Secured Debt (8) —  (45) 66  771  537  51  1,257  11.74% SF+ 6.75% 11.74% Secured Debt (8) —  (476) 709  12,513  880  238  13,155  Common Equity (8) —  —  —  —  —  —  —  SI East, LLC 11.75% Secured Debt (12) (7) —  (4) 269  1,125  2,254  1,129  2,250  Secured Debt (7) —  (241) 2,600  54,536  —  54,536  —  12.79% Secured Debt (7) —  50  5,856  —  67,661  —  67,661  Preferred Member Units (7) —  (5,510) 1,623  19,170  —  5,510  13,660  Slick Innovations, LLC 14.00% Secured Debt (6) —  45  2,498  11,440  7,600  2,720  16,320  Common Stock (6) —  586  234  2,310  586  456  2,440  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) —  (1,546) —  3,190  —  1,546  1,644  Preferred Equity (6) —  —  —  —  —  —  —  8.50% 8.50% Secured Debt (6) —  —  4  —  204  —  204  Superior Rigging & Erecting Co. Secured Debt (7) —  —  1,193  20,427  73  20,500  —  Preferred Member Units (7) —  4,590  —  5,940  4,590  —  10,530  The Affiliati Network, LLC 10.00% Secured Debt (12) (9) —  —  18  150  1,444  1,200  394  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) December 31, 2024 Fair Value (13) 10.00% Secured Debt (9) —  —  751  7,347  26  2,320  5,053  Preferred Stock (9) —  —  493  6,400  —  —  6,400  Preferred Stock (9) —  —  26  172  115  —  287  UnionRock Energy Fund II, LP LP Interests (12) (9) —  (459) 46  5,694  —  962  4,732  UnionRock Energy Fund III, LP LP Interests (12) (9) —  500  —  2,838  3,000  226  5,612  UniTek Global Services, Inc. 15.00% 15.00% Secured Convertible Debt (6) —  209  290  3,889  1,753  —  5,642  15.00% 15.00% Secured Convertible Debt (6) —  88  142  1,908  755  —  2,663  20.00% 20.00% Preferred Stock (6) —  (224) 572  2,833  572  224  3,181  20.00% 20.00% Preferred Stock (6) —  250  —  3,698  574  —  4,272  19.00% 19.00% Preferred Stock (6) —  —  —  —  —  —  —  13.50% 13.50% Preferred Stock (6) —  —  —  —  —  —  —  Common Stock (6) —  —  —  —  —  —  —  Universal Wellhead Services Holdings, LLC Preferred Member Units (8) (1,032) 882  —  150  882  1,032  —  Member Units (8) (4,000) 4,000  —  —  4,000  4,000  —  Urgent DSO LLC 13.50% Secured Debt (5) —  —  1,247  —  8,727  —  8,727  9.00% 9.00% Preferred Equity (5) —  —  320  —  4,320  —  4,320  World Micro Holdings, LLC 13.00% Secured Debt (7) —  —  1,570  12,028  32  1,358  10,702  Preferred Equity (7) —  —  88  3,845  —  —  3,845  Other Amounts related to investments transferred to or from other 1940 Act classification during the period 6,169  (4,053) (4,889) (89,323) —  —  —  Total Affiliate investments $ (4,219) $ 47,299  $ 84,367  $ 615,002  $ 422,782  $ 280,309  $ 846,798  ___________________________ (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 8. Consolidated Financial Statements and Supplementary Data of this Annual Report on Form 10-K. (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 December 31, 2024 for control investments located in this region was $538,212. This represented 19.2% of net assets as of December 31, 2024. The fair value as of December 31, 2024 for affiliate investments located in this region was $235,058. This represented 8.4% of net assets as of December 31, 2024. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of December 31, 2024 for control investments located in this region was $155,171. This represented 5.5% of net assets as of December 31, 2024. The fair value as of December 31, 2024 for affiliate investments located in this region was $125,084. This represented 4.5% of net assets as of December 31, 2024. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of December 31, 2024 for control investments located in this region was $69,884. This represented 2.5% of net assets as of December 31, 2024. The fair value as of December 31, 2024 for affiliate investments located in this region was $155,663. This represented 5.6% of net assets as of December 31, 2024. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of December 31, 2024 for control investments located in this region was $943,892. This represented 33.7% of net assets as of December 31, 2024. The fair value as of December 31, 2024 for affiliate investments located in this region was $167,966. This represented 6.0% of net assets as of December 31, 2024. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of December 31, 2024 for control investments located in this region was $380,731. This represented 13.6% of net assets as of December 31, 2024. The fair value as of December 31, 2024 for affiliate investments located in this region was $163,027. This represented 5.8% of net assets as of December 31, 2024. (10)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 8. Consolidated Financial Statements and Supplementary Data of this Annual Report on Form 10-K. 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 December 31, 2024 (see Note K — Commitments and Contingencies of this Annual Report on Form 10-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) December 31, 2023 Fair Value (13) Majority-owned investments Analytical Systems Keco Holdings, LLC 15.38% SF+ 10.00% Secured Debt (12) (8) $ —  $ —  $ 13  $ (3) $ 222  $ —  $ 219  15.38% SF+ 10.00% Secured Debt (8) —  —  748  4,545  78  539  4,084  14.13% Preferred Member Units (8) —  —  —  —  —  —  —  Preferred Member Units (8) —  1,356  —  3,504  1,356  —  4,860  Warrants (8) —  —  —  —  —  —  —  Brewer Crane Holdings, LLC 15.46% L+ 10.00% Secured Debt (9) —  —  899  5,964  30  496  5,498  Preferred Member Units (9) —  (1,460) 120  7,080  —  1,460  5,620  Café Brazil, LLC Member Units (8) —  (230) 149  2,210  —  230  1,980  California Splendor Holdings LLC 15.69% SF+ 10.00% Secured Debt (9) —  (359) 4,366  28,000  14  359  27,655  Preferred Member Units (9) —  (9,800) 250  25,495  —  9,800  15,695  15.00% 15.00% Preferred Member Units (9) —  —  607  3,994  607  —  4,601  Clad-Rex Steel, LLC 11.50% Secured Debt (12) (5) —  —  2  —  —  —  —  11.50% Secured Debt (5) —  (138) 1,172  10,440  40  2,058  8,422  10.00% Secured Debt (5) —  —  104  1,039  1  36  1,004  Member Units (5) —  (3,020) 275  8,220  —  3,020  5,200  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. 12.50% Secured Debt (12) (8) —  11  14  —  —  —  —  12.50% Secured Debt (8) —  31  3,384  —  46,312  4,239  42,073  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) —  14,290  4,877  58,180  14,290  —  72,470  CompareNetworks Topco, LLC SF+ 9.00% Secured Debt (9) —  —  —  —  —  —  —  14.48% SF+ 9.00% Secured Debt (9) —  (9) 668  5,241  9  1,796  3,454  Preferred Member Units (9) —  (5,380) 316  19,830  —  5,380  14,450  Cybermedia Technologies, LLC 10.00% Secured Debt (12) (6) —  —  7  —  —  —  —  13.00% Secured Debt (6) —  —  2,989  —  28,752  363  28,389  Preferred Member Units (6) —  —  163  —  15,000  —  15,000  Datacom, LLC 7.50% Secured Debt (8) —  —  40  223  809  585  447  10.00% Secured Debt (8) —  (85) 1,012  7,789  153  355  7,587  Preferred Member Units (8) —  (2,600) (96) 2,670  —  2,600  70  Direct Marketing Solutions, Inc. 14.00% Secured Debt (9) —  (29) 91  —  1,304  71  1,233  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) December 31, 2023 Fair Value (13) 14.00% Secured Debt (9) —  (59) 3,687  27,267  59  1,783  25,543  Preferred Stock (9) —  (1,480) 171  22,220  —  1,480  20,740  Elgin AcquireCo, LLC SF+ 6.00% Secured Debt (12) (5) —  —  9  (9) 2  —  (7) 12.00% Secured Debt (5) —  —  2,322  18,594  38  —  18,632  9.00% Secured Debt (5) —  —  573  6,294  3  45  6,252  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+ 7.50% Secured Debt (12) (5) —  —  6  —  —  —  —  10.50% SF+ 7.50% Secured Debt (5) —  (128) 6,684  64,078  128  10,128  54,078  Member Units (5) —  45,820  5,961  50,890  45,820  —  96,710  GRT Rubber Technologies LLC 11.48% SF+ 6.00% Secured Debt (12) (8) —  6  177  670  1,730  —  2,400  13.48% SF+ 8.00% Secured Debt (8) —  (47) 5,428  40,493  47  47  40,493  Member Units (8) —  —  183  44,440  —  —  44,440  Gulf Publishing Holdings, LLC SF+ 9.50% Secured Debt (12) (8) —  —  —  —  —  —  —  12.50% Secured Debt (8) —  —  304  2,284  —  —  2,284  Preferred Equity (8) —  (1,320) —  3,780  —  1,320  2,460  Member Units (8) —  —  —  —  —  —  —  IG Investor, LLC Secured Debt (12) (6) —  —  98  —  765  800  (35) 13.00% Secured Debt (6) —  —  3,428  —  37,374  440  36,934  Common Equity (6) —  —  —  —  15,096  696  14,400  Jensen Jewelers of Idaho, LLC P+ 6.75% Secured Debt (12) (9) —  —  —  —  —  —  —  15.25% P+ 6.75% Secured Debt (9) —  (6) 356  2,450  6  458  1,998  Member Units (9) —  (2,550) 1,362  14,970  —  2,550  12,420  Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) —  —  2,642  20,374  201  801  19,774  9.00% Secured Debt (5) —  —  349  3,842  2  39  3,805  Preferred Equity (5) —  2,470  —  7,220  2,470  —  9,690  Member Units (5) —  (120) 115  2,850  —  120  2,730  Market Force Information, LLC L+ 11.00% Secured Debt (9) (6,662) 163  453  6,090  804  6,894  —  L+ 11.00% 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 Holdings, LLC 12.75% Secured Debt (12) (7) —  —  11  —  —  —  —  12.75% Secured Debt (7) —  —  3,092  23,576  47  —  23,623  8.00% 8.00% Preferred Equity (7) —  —  505  6,010  473  448  6,035  Common Stock (7) —  (37) 522  1,537  —  37  1,500  MH Corbin Holding LLC 13.00% Secured Debt (5) —  1,229  761  4,548  1,229  755  5,022  Preferred Member Units (5) —  330  —  —  330  —  330  Preferred Member Units (5) —  —  —  —  —  —  —  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) December 31, 2023 Fair Value (13) MSC Adviser I, LLC Member Units (8) —  51,133  11,310  122,930  51,133  —  174,063  Mystic Logistics Holdings, LLC Secured Debt (12) (6) —  —  4  —  —  —  —  10.00% Secured Debt (6) —  —  583  5,746  —  —  5,746  Common Stock (6) —  3,560  4,523  22,830  3,560  —  26,390  OMi Topco, LLC 12.00% Secured Debt (8) —  (48) 1,824  15,750  48  3,048  12,750  Preferred Member Units (8) —  13,570  2,700  22,810  13,570  —  36,380  PPL RVs, Inc. SF+ 8.75% Secured Debt (8) —  (2) 2  —  2  2  —  14.23% SF+ 8.75% Secured Debt (8) —  (67) 2,845  21,655  67  1,845  19,877  Common Stock (8) —  (1,970) (30) 18,950  —  1,970  16,980  Common Stock (8) —  130  —  238  130  —  368  Principle Environmental, LLC 13.00% Secured Debt (8) —  —  —  —  —  —  —  13.00% Secured Debt (8) —  —  801  5,806  23  —  5,829  Preferred Member Units (8) —  (1,670) 743  12,420  —  1,670  10,750  Common Stock (8) —  (80) —  590  —  80  510  Quality Lease Service, LLC Member Units (7) —  (98) —  525  33  98  460  Robbins Bros. Jewelry, Inc. 12.50% Secured Debt (9) —  —  32  (35) 9  —  (26) 12.50% Secured Debt (9) —  (3,113) 4,489  35,404  81  4,687  30,798  Preferred Equity (9) —  (14,880) —  14,880  —  14,880  —  Trantech Radiator Topco, LLC 8.00% Secured Debt (12) (7) —  (3) 7  —  3  3  —  12.00% Secured Debt (7) —  (18) 982  7,920  18  18  7,920  Common Stock (7) —  4,940  116  7,800  4,940  —  12,740  Volusion, LLC 10.00% Secured Debt (8) —  —  161  —  2,100  —  2,100  11.50% Secured Debt (8) (3,188) 1,821  166  14,914  —  14,914  —  8.00% Unsecured Convertible Debt (8) (409) 409  —  —  409  409  —  Preferred Member Units (8) —  —  2  —  —  —  —  Preferred Member Units (8) —  (1,396) —  —  11,446  4,196  7,250  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) —  —  55  450  —  —  450  6.50% Secured Debt (8) —  —  66  945  —  —  945  14.00% Secured Debt (8) —  (596) 390  2,676  —  596  2,080  Preferred Member Units (8) —  (240) —  240  —  240  —  Warrants (8) —  —  —  —  —  —  —  Other controlled investments Company Total Rate Base Rate Spread PIK Rate Type of Investment (1) (10) (11) Geography Amount of Realized Gain/(Loss) Amount of Unrealized Gain/(Loss) Amount of Interest, Fees or Dividends Credited to Income (2) December 31, 2022 Fair Value (13) Gross Additions (3) Gross Reductions (4) December 31, 2023 Fair Value (13) 2717 MH, L.P. LP Interests (2717 MH, L.P.) (8) 2,222  (952) 142  7,552  2,796  4,298  6,050  LP Interests (2717 HPP-MS, L.P.) (12) (8) —  67  —  248  67  —  315  ASC Interests, LLC 13.00% Secured Debt (8) —  —  54  400  —  —  400  13.00% Secured Debt (8) —  (52) 218  1,649  1  53  1,597  Preferred Member Units (8) —  88  —  —  266  —  266  Member Units (8) —  (700) —  800  —  700  100  ATS Workholding, LLC 5.00% Secured Debt (9) —  (486) —  634  180  486  328  5.00% Secured Debt (9) —  (518) —  1,005  —  532  473  Preferred Member Units (9) —  —  —  —  —  —  —  Barfly Ventures, LLC 7.00% Secured Debt (12) (5) —  —  50  711  —  —  711  Member Units (5) —  820  1  3,320  820  —  4,140  Batjer TopCo, LLC 10.00% Secured Debt (12) (8) —  6  2  (8) 8  —  —  10.00% Secured Debt (12) (8) —  —  22  —  630  360  270  10.00% Secured Debt (8) —  67  1,134  10,933  92  450  10,575  Preferred Stock (8) —  2,055  686  4,095  2,055  —  6,150  Bolder Panther Group, LLC 14.48% SF+ 9.11% Secured Debt (9) —  (141) 14,208  99,194  141  2,779  96,556  8.00% Class B Preferred Member Units (9) —  (400) 4,065  31,420  —  400  31,020  Bridge Capital Solutions Corporation 13.00% Secured Debt (6) —  —  1,162  8,813  —  —  8,813  13.00% Secured Debt (6) —  —  132  1,000  —  —  1,000  Preferred Member Units (6) —  —  100  1,000  —  —  1,000  Warrants (6) —  (21) —  1,828  —  20  1,808  Warrants (6) —  (29) —  2,512  —  30  2,482  CBT Nuggets, LLC Member Units (9) —  1,130  2,902  49,002  1,128  —  50,130  Centre Technologies Holdings, LLC SF+ 9.00% Secured Debt (12) (8) —  —  12  —  —  —  —  14.48% SF+ 9.00% Secured Debt (8) —  62  2,315  14,954  2,620  —  17,574  Preferred Member Units (8) —  2,340  120  8,700  2,340  —  11,040  Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) —  195  45  —  —  —  —  13.49% SF+ 8.00% Secured Debt (8) —  (7) 2,203  16,945  7  1,332  15,620  Member Units (8) —  6,400  4,182  22,920  6,400  —  29,320  Member Units (8) —  150  92  2,710  150  —  2,860  Charps, LLC 10.00% Unsecured Debt (5) —  (35) 604  5,694  35  35  5,694  Preferred Member Units (5) —  2,350  1,463  13,340  2,350  —  15,690  Colonial Electric Company LLC Secured Debt (6) —  —  52  —  1,600  1,600  —  12.00% Secured Debt (6) —  (319) 1,804  23,151  55  1,579  21,627  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) December 31, 2023 Fair Value (13) Preferred Member Units (6) —  1,440  —  —  2,400  —  2,400  Preferred Member Units (6) —  (1,480) —  9,160  —  1,480  7,680  Compass Systems & Sales, LLC 13.50% Secured Debt (5) —  —  —  —  —  —  —  13.50% Secured Debt (5) —  —  608  —  17,034  —  17,034  Preferred Equity (5) —  —  —  —  7,454  —  7,454  Copper Trail Fund Investments LP Interests (CTMH, LP) (9) —  —  38  588  —  20  568  Digital Products Holdings LLC 15.38% SF+ 10.00% Secured Debt (5) —  (67) 2,332  15,523  —  833  14,690  Preferred Member Units (5) —  —  200  9,835  —  —  9,835  Garreco, LLC 9.50% SF+ 8.00% Secured Debt (8) —  —  390  3,826  —  738  3,088  Member Units (8) —  (220) 11  1,800  —  220  1,580  Gulf Manufacturing, LLC Member Units (8) —  2,280  2,832  6,790  2,280  —  9,070  Harrison Hydra-Gen, Ltd. Common Stock (8) —  1,380  —  3,280  1,380  —  4,660  JorVet Holdings, LLC 12.00% Secured Debt (9) —  —  3,172  25,432  51  —  25,483  Preferred Equity (9) —  —  825  10,741  —  —  10,741  KBK Industries, LLC 9.00% Secured Debt (5) —  38  562  —  6,000  1,300  4,700  Member Units (5) —  7,200  9,614  15,570  7,200  —  22,770  MS Private Loan Fund I, LP 5.00% Secured Debt (12) (8) —  —  25  —  —  —  —  LP Interests (12) (8) —  (306) 1,746  14,833  —  306  14,527  MS Private Loan Fund II, LP 8.88% SF+ 3.50% Secured Debt (12) (8) —  —  515  —  23,367  —  23,367  LP Interests (12) (8) —  —  —  —  1,561  —  1,561  MSC Income Fund, Inc. Common Equity (8) —  22  236  753  9,272  —  10,025  NAPCO Precast, LLC Member Units (8) —  (100) (40) 11,830  —  100  11,730  Nebraska Vet AcquireCo, LLC SF+ 7.00% Secured Debt (12) (5) —  —  10  —  —  —  —  12.00% Secured Debt (5) —  (1) 2,910  20,094  5,701  1  25,794  12.00% Secured Debt (5) —  (22) 1,299  10,500  22  22  10,500  Preferred Member Units (5) —  7,320  591  7,700  7,320  —  15,020  NexRev LLC 10.00% Secured Debt (12) (8) —  —  —  —  —  —  —  10.00% Secured Debt (8) —  2,859  1,143  8,477  2,928  1,654  9,751  Preferred Member Units (8) —  5,240  665  1,110  5,240  —  6,350  NRP Jones, LLC 12.00% Secured Debt (5) —  —  253  2,080  —  —  2,080  Member Units (5) —  (3,148) 23  4,615  —  3,149  1,466  Member Units (5) —  (122) —  175  —  122  53  NuStep, LLC 11.98% SF+ 6.50% Secured Debt (5) —  —  474  4,399  —  799  3,600  12.00% Secured Debt (5) —  —  2,256  18,414  12  —  18,426  Preferred Member Units (5) —  1,200  —  8,040  1,200  —  9,240  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) December 31, 2023 Fair Value (13) 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) —  115  3,765  23,429  171  1,560  22,040  Preferred Stock (5) —  5,300  1,094  11,750  5,300  —  17,050  Pearl Meyer Topco LLC 12.00% Secured Debt (12) (6) —  3  370  —  3,500  —  3,500  12.00% Secured Debt (6) —  44  1,552  —  20,000  —  20,000  12.00% Secured Debt (6) —  (65) 3,450  28,681  65  1,065  27,681  Preferred Equity (6) —  830  12,110  43,260  830  —  44,090  Pinnacle TopCo, LLC 8.00% Secured Debt (12) (8) —  —  26  —  444  —  444  13.00% Secured Debt (8) —  —  586  —  30,339  —  30,339  Preferred Equity (8) —  —  —  —  12,540  —  12,540  River Aggregates, LLC Member Units (8) —  90  —  3,620  90  —  3,710  Tedder Industries, LLC 12.00% Secured Debt (9) —  (114) 224  1,840  —  114  1,726  12.00% Secured Debt (9) —  (867) 1,858  15,120  8  866  14,262  Preferred Member Units (9) —  (7,681) —  7,681  —  7,681  —  Preferred Member Units (9) —  (564) —  —  494  494  —  Preferred Member Units (9) —  (661) —  —  661  661  —  Televerde, LLC Member Units (8) —  (674) 333  5,408  —  674  4,734  Preferred Stock (8) —  —  —  1,794  —  —  1,794  Vision Interests, Inc. Series A Preferred Stock (9) —  —  168  3,000  —  —  3,000  VVS Holdco LLC SF+ 6.00% Secured Debt (12) (5) —  —  39  (21) 21  —  —  11.50% Secured Debt (5) —  —  3,468  30,161  74  2,200  28,035  Preferred Equity (5) —  (100) 215  11,940  400  100  12,240  Other Amounts related to investments transferred to or from other 1940 Act classification during the period —  1,308  1,469  625  21,493  1,454  —  Total Control investments $ (50,532) $ 161,793  $ 197,150  $ 1,703,172  $ 568,452  $ 244,262  $ 2,006,698  Affiliate Investments 423 HAR, LP LP Interests (423 HAR, L.P.) (8) $ —  $ 247  $ —  $ —  $ 996  $ —  $ 996  AAC Holdings, Inc. 18.00% 18.00% Secured Debt (12) (7) —  (1) 65  —  418  —  418  18.00% 18.00% Secured Debt (7) —  (37) 2,382  11,550  2,382  37  13,895  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  —  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) December 31, 2023 Fair Value (13) 10.00% 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 L+ 11.00% Unsecured Debt (8) —  —  102  800  —  800  —  L+ 11.00% Unsecured Debt (8) (1,400) 1,914  539  2,086  1,914  4,000  —  Member Units (8) (800) 800  —  —  800  800  —  15.00% Preferred Stock (non-voting) (8) (162) 162  —  —  162  162  —  Boccella Precast Products LLC 10.00% Secured Debt (6) —  —  32  320  —  —  320  Member Units (6) —  (980) 122  2,970  —  980  1,990  Buca C, LLC 12.00% Secured Debt (7) —  183  2,188  12,337  183  376  12,144  6.00% 6.00% Preferred Member Units (7) —  —  —  —  —  —  —  Career Team Holdings, LLC 11.38% SF+ 6.00% Secured Debt (12) (6) —  —  40  (9) 1,340  450  881  13.00% Secured Debt (6) —  —  2,612  20,090  41  225  19,906  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 11.69% SF+ 6.00% Secured Debt (12) (6) —  —  537  4,560  —  —  4,560  8.00% Secured Debt (6) —  (43) 1,606  19,274  43  43  19,274  Preferred Member Units (6) —  (8,639) 5,354  24,637  —  8,637  16,000  Congruent Credit Opportunities Funds LP Interests (Congruent Credit Opportunities Fund III, LP) (8) —  13  443  7,657  13  3,318  4,352  DMA Industries, LLC 12.00% Secured Debt (7) —  (49) 2,518  21,200  49  2,449  18,800  Preferred Equity (7) —  400  —  7,260  400  —  7,660  Dos Rios Partners LP Interests (Dos Rios Partners, LP) (8) 759  (539) —  9,127  759  1,443  8,443  LP Interests (Dos Rios Partners - A, LP) (8) 241  (221) —  2,898  241  508  2,631  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) 33  —  89  1,013  176  429  760  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) —  10,320  3,257  17,580  10,320  —  27,900  Freeport Financial SBIC Fund LP LP Interests (Freeport Financial SBIC Fund LP) (12) (5) —  177  —  3,483  177  648  3,012  LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) —  —  598  5,848  —  2,144  3,704  GFG Group, LLC 8.00% Secured Debt (5) —  (33) 988  11,345  33  2,033  9,345  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) December 31, 2023 Fair Value (13) Preferred Member Units (5) —  4,320  802  7,140  4,320  —  11,460  Hawk Ridge Systems, LLC 11.65% SF+ 6.00% Secured Debt (9) —  (1) 317  3,185  6,037  7,248  1,974  12.50% Secured Debt (9) —  (4) 5,094  37,800  7,460  4  45,256  Preferred Member Units (9) —  —  293  17,460  —  —  17,460  Preferred Member Units (9) —  —  —  920  —  —  920  Houston Plating and Coatings, LLC 8.00% Unsecured Convertible Debt (8) —  (120) 243  3,000  —  120  2,880  Member Units (8) —  940  84  2,400  940  —  3,340  HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) —  156  4  4,331  403  509  4,225  LP Interests (HPEP 4, L.P.) (12) (8) —  —  —  2,332  1,441  —  3,773  LP Interests (423 COR, L.P.) (12) (8) —  469  130  1,400  469  —  1,869  I-45 SLF LLC Member Units (Fully diluted 20.0%; 21.75% profits interest) (8) —  532  2,317  11,758  1,732  —  13,490  Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) —  (610) —  —  18,300  610  17,690  Infinity X1 Holdings, LLC 13.00% Secured Debt (9) —  —  1,985  —  17,853  450  17,403  Preferred Equity (9) —  —  125  —  4,000  —  4,000  Integral Energy Services 13.16% SF+ 7.50% Secured Debt (8) —  (674) 2,374  15,769  80  1,958  13,891  10.00% 10.00% Preferred Equity (8) —  73  —  —  300  —  300  Common Stock (8) —  (1,120) 43  1,280  —  1,120  160  Iron-Main Investments, LLC 13.50% Secured Debt (5) —  —  622  4,500  7  20  4,487  13.50% Secured Debt (5) —  —  547  3,130  6  214  2,922  13.50% Secured Debt (5) —  —  1,217  8,944  —  —  8,944  13.50% Secured Debt (5) —  —  2,706  19,559  32  88  19,503  13.50% Secured Debt (5) —  —  1,806  —  10,911  638  10,273  Common Stock (5) —  (76) —  1,798  958  76  2,680  ITA Holdings Group, LLC 16.59% SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  20  —  816  —  816  16.59% SF+ 9.00% 2.00% Secured Debt (12) (8) —  —  34  —  697  —  697  15.59% SF+ 8.00% 2.00% Secured Debt (8) —  —  560  —  3,430  —  3,430  17.59% SF+ 10.00% 2.00% Secured Debt (8) —  —  607  —  3,430  —  3,430  Warrants (8) —  —  —  —  2,091  —  2,091  Johnson Downie Opco, LLC 15.00% Secured Debt (12) (8) —  3  24  —  —  —  —  15.00% Secured Debt (8) —  63  1,888  9,999  14,850  642  24,207  Preferred Equity (8) —  3,595  189  5,540  4,080  —  9,620  OnAsset Intelligence, Inc. 12.00% 12.00% Secured Debt (8) —  (243) —  569  —  243  326  12.00% 12.00% Secured Debt (8) —  (248) —  580  —  248  332  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) December 31, 2023 Fair Value (13) 12.00% 12.00% Secured Debt (8) —  (533) —  1,249  —  533  716  12.00% 12.00% Secured Debt (8) —  (1,112) —  2,606  —  1,113  1,493  10.00% 10.00% Unsecured Debt (8) —  —  —  305  —  —  305  7.00% 7.00% Preferred Stock (8) —  —  —  —  —  —  —  Common Stock (8) —  —  —  —  —  —  —  Warrants (8) —  —  —  —  —  —  —  Oneliance, LLC SF+ 11.00% Secured Debt (7) —  —  —  —  —  —  —  16.48% SF+ 11.00% Secured Debt (7) —  (61) 914  5,559  12  221  5,350  Preferred Stock (7) —  —  —  1,056  72  —  1,128  Quality Lease Service, LLC 12.00% Secured Debt (8) (29,526) 29,865  —  —  29,865  29,865  —  Preferred Member Units (8) —  —  —  —  —  —  —  SI East, LLC 11.25% Secured Debt (12) (7) —  17  83  —  1,875  750  1,125  12.47% Secured Debt (7) —  241  4,075  —  54,536  —  54,536  9.50% Secured Debt (7) —  (79) 3,885  89,786  —  89,786  —  Preferred Member Units (7) —  5,213  1,196  13,650  5,520  —  19,170  Slick Innovations, LLC 14.00% Secured Debt (6) —  (48) 1,887  13,840  48  2,448  11,440  Common Stock (6) —  780  —  1,530  780  —  2,310  Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) (2) (1,694) 329  4,556  221  1,587  3,190  Preferred Equity (6) —  —  —  —  —  —  —  Superior Rigging & Erecting Co. 12.00% Secured Debt (7) —  —  2,564  21,378  49  1,000  20,427  Preferred Member Units (7) —  1,440  —  4,500  1,440  —  5,940  The Affiliati Network, LLC 13.00% Secured Debt (9) —  —  30  106  2,764  2,720  150  13.00% Secured Debt (9) —  (129) 1,176  9,442  34  2,129  7,347  Preferred Stock (9) —  —  188  6,400  —  —  6,400  Preferred Stock (9) —  —  —  —  172  —  172  UnionRock Energy Fund II, LP LP Interests (12) (9) —  (146) 53  5,855  531  692  5,694  UnionRock Energy Fund III, LP LP Interests (12) (9) —  345  —  —  2,838  —  2,838  UniTek Global Services, Inc. 15.00% 15.00% Secured Convertible Debt (6) —  (13) 312  4,592  —  703  3,889  15.00% 15.00% Secured Convertible Debt (6) (223) 1,067  66  —  2,131  223  1,908  SF+ 7.50% Secured Debt (6) —  22  —  382  25  407  —  SF+ 7.50% Secured Debt (6) —  96  275  1,712  112  1,824  —  20.00% 20.00% Preferred Stock (6) —  (468) 468  2,833  468  468  2,833  20.00% 20.00% Preferred Stock (6) —  1,707  —  1,991  1,707  —  3,698  19.00% 19.00% Preferred Stock (6) —  —  —  —  —  —  —  13.50% 13.50% Preferred Stock (6) —  —  —  —  —  —  —  Common Stock (6) —  —  —  —  —  —  —  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) December 31, 2023 Fair Value (13) Universal Wellhead Services Holdings, LLC 14.00% 14.00% Preferred Member Units (8) —  (70) —  220  —  70  150  Member Units (8) —  —  —  —  —  —  —  World Micro Holdings, LLC 13.00% Secured Debt (7) —  —  1,895  14,140  45  2,157  12,028  Preferred Equity (7) —  —  226  3,845  —  —  3,845  Other Amounts related to investments transferred to or from other 1940 Act classification during the period 106  (1,308) (1,469) (625) 1,454  21,493  —  Total Affiliate investments $ (18,729) $ 33,689  $ 69,829  $ 618,359  $ 246,241  $ 270,262  $ 615,002  ____________________ (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 8. Consolidated Financial Statements and Supplementary Data of this Annual Report on Form 10-K. (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 December 31, 2023 for control investments located in this region was $513,943. This represented 20.7% of net assets as of December 31, 2023. The fair value as of December 31, 2023 for affiliate investments located in this region was $76,330. This represented 3.1% of net assets as of December 31, 2023. (6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of December 31, 2023 for control investments located in this region was $268,905. This represented 10.9% of net assets as of December 31, 2023. The fair value as of December 31, 2023 for affiliate investments located in this region was $114,389. This represented 4.6% of net assets as of December 31, 2023. (7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of December 31, 2023 for control investments located in this region was $52,278. This represented 2.1% of net assets as of December 31, 2023. The fair value as of December 31, 2023 for affiliate investments located in this region was $176,466. This represented 7.1% of net assets as of December 31, 2023. (8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of December 31, 2023 for control investments located in this region was $767,606. This represented 31.0% of net assets as of December 31, 2023. The fair value as of December 31, 2023 for affiliate investments located in this region was $110,303. This represented 4.5% of net assets as of December 31, 2023. (9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of December 31, 2023 for control investments located in this region was $403,966. This represented 16.3% of net assets as of December 31, 2023. The fair value as of December 31, 2023 for affiliate investments located in this region was $137,514. This represented 5.6% of net assets as of December 31, 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 8. Consolidated Financial Statements and Supplementary Data of this Annual Report on Form 10-K. 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 December 31, 2023 (see Note K — Commitments and Contingencies in Item 8. Consolidated Financial Statements and Supplementary Data of this Annual Report on Form 10-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.