The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2025 and December 31, 2024:


	June 30, 2025				December 31, 2024
	Ammortized Cost		Fair Value		Ammortized Cost		Fair Value
First-lien senior secured debt	$	1,152,451,190	$	1,104,986,930	$	1,243,362,037	$	1,206,603,630
Second-lien senior secured debt		81,495,629		72,227,601		84,821,531		77,650,130
Corporate Bonds		5,040,559		4,337,445		4,883,315		4,214,315
CLO Mezzanine		34,947,135		34,598,554		37,827,370		38,147,753
CLO Equity		12,002,166		8,096,713		13,029,085		10,003,685
Equity		8,898,160		6,772,148		1,258,194		1,081,497
Short-term investments		48,773,413		48,773,413		69,429,935		69,429,935
Total Investments	$	1,343,608,252	$	1,279,792,804	$	1,454,611,467	$	1,407,130,945

As of June 30, 2025, approximately 17.3% of the long-term investment portfolio at amortized cost and 17.7% of the long-term investment portfolio measured at fair value, respectively, were invested in non-qualifying assets. As of December 31, 2024, approximately 17.8% of the long-term investment portfolio at amortized cost and 18.1% of the long-term investment portfolio measured at fair value, respectively, were invested in non-qualifying assets. With respect to the Company’s total assets, 16.6% and 17.0% of the Company’s total assets were in non-qualifying assets as defined by Section 55(a) of the 1940 Act as of June 30, 2025 and December 31, 2024, respectively.

The industry composition of investments based on fair value, as a percentage of total investments at fair value, as of June 30, 2025 and December 31, 2024 was as follows:


	June 30, 2025			December 31, 2024
Software		10.9	%		10.2	%
Healthcare Providers and Services		9.5	%		9.4	%
Professional Services		7.7	%		7.7	%
IT Services		6.3	%		6.7	%
Chemicals		5.5	%		5.1	%
Construction and Engineering		4.6	%		4.5	%
Diversified Financial Services		4.6	%		3.9	%
Insurance		4.2	%		5.0	%
Short-Term Investments		3.8	%		4.9	%
Independent Power and Renewable Electricity Producers		3.7	%		3.3	%
Electronic Equipment, Instruments and Components		3.1	%		2.8	%
Hotels, Restaurants and Leisure		2.9	%		3.1	%
Media		2.7	%		3.1	%
Structured Note		2.7	%		2.7	%
Auto Components		2.4	%		2.2	%
Internet Software and Services		2.3	%		1.9	%
Food Products		2.1	%		1.9	%
Containers and Packaging		2.1	%		1.5	%
Building Products		2.0	%		1.9	%
Machinery		1.8	%		1.8	%
Metals and Mining		1.4	%		1.4	%
Interactive Media Services		1.3	%		0.7	%
Diversified Consumer Services		1.2	%		2.6	%
Commercial Services and Supplies		1.1	%		0.6	%
Energy Equipment and Services		1.1	%		1.7	%
Diversified Telecommunication Services		0.9	%		2.2	%
Household Durables		0.9	%		0.2	%
Industrial Conglomerates		0.9	%		0.7	%
Real Estate Management and Development		0.8	%		0.6	%
Aerospace and Defense		0.8	%		0.7	%
Healthcare Equipment and Supplies		0.7	%		0.6	%
Road and Rail		0.7	%		0.6	%
Specialty Retail		0.7	%		0.5	%
Pharmaceuticals		0.7	%		0.6	%
Structured Subordinated Note		0.6	%		0.7	%
Automotive		0.6	%		—
Electrical Equipment		0.4	%		0.7	%
Entertainment		0.2	%		—
Construction Materials		0.1	%		—
Wireless Telecommunication Services		—			0.7	%
Electric Utilities		—			0.6	%
Total		100.0	%		100.0	%