The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of March 31, 2026 and December 31, 2025:


	March 31, 2026				December 31, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First-lien senior secured debt	$	1,116,137,451	$	1,012,739,979	$	1,088,644,221	$	1,014,924,713
Second-lien senior secured debt		67,398,975		52,349,550		72,146,972		59,868,971
Corporate Bonds		8,918,509		7,697,137		8,892,453		7,929,631
CLO Mezzanine		31,089,182		28,006,290		34,863,998		34,300,352
CLO Equity		7,845,023		4,379,728		8,326,282		6,087,607
Equity		10,398,437		8,099,959		8,965,875		7,812,775
Short-term investments		41,363,891		41,363,891		72,716,269		72,716,269
Total Investments	$	1,283,151,468	$	1,154,636,534	$	1,294,556,070	$	1,203,640,318

As of March 31, 2026, approximately 17.8% of the long-term investment portfolio at amortized cost and 18.4% of the long-term investment portfolio measured at fair value, respectively, were invested in non-qualifying assets. As of December 31, 2025, approximately 18.6% of the long-term investment portfolio at amortized cost and 19.2% 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, 17.5% and 17.8% of the Company’s total assets were in non-qualifying assets as defined by Section 55(a) of the 1940 Act as of March 31, 2026 and December 31, 2025, respectively.

The industry composition of investments based on fair value, as a percentage of total investments at fair value, as of March 31, 2026 and December 31, 2025 was as follows:


	March 31, 2026			December 31, 2025
Software		10.2	%		10.7	%
Healthcare Providers and Services		9.3	%		8.8	%
IT Services		8.5	%		9.6	%
Professional Services		7.4	%		7.3	%
Chemicals		5.6	%		5.4	%
Construction and Engineering		5.4	%		5.0	%
Diversified Financial Services		5.3	%		5.0	%
Short-Term Investments		3.6	%		6.0	%
Electronic Equipment, Instruments and Components		3.4	%		3.3	%
Commercial Services and Supplies		3.0	%		2.0	%
Insurance		2.9	%		3.5	%
Containers and Packaging		2.5	%		2.2	%
Structured Note		2.4	%		2.8	%
Hotels, Restaurants and Leisure		2.3	%		2.2	%
Machinery		1.9	%		1.8	%
Metals and Mining		1.9	%		1.3	%
Food Products		1.8	%		2.5	%
Building Products		1.7	%		1.8	%
Media		1.5	%		1.6	%
Aerospace and Defense		1.4	%		1.1	%
Healthcare Technology		1.4	%		0.6	%
Auto Components		1.4	%		1.6	%
Interactive Media Services		1.3	%		1.3	%
Healthcare Equipment and Supplies		1.3	%		0.7	%
Household Durables		1.2	%		1.2	%
Diversified Telecommunication Services		1.1	%		0.7	%
Energy Equipment and Services		0.9	%		0.9	%
Pharmaceuticals		0.9	%		0.7	%
Independent Power and Renewable Electricity Producers		0.8	%		1.2	%
Specialty Retail		0.8	%		1.1	%
Road and Rail		0.7	%		0.7	%
Industrial Conglomerates		0.7	%		0.7	%
Entertainment		0.7	%		0.2	%
Diversified Consumer Services		0.7	%		1.1	%
Real Estate Management and Development		0.7	%		0.6	%
Textiles, Apparel & Luxury Goods		0.6	%		0.6	%
Trading Companies and Distributors		0.6	%		—
Electrical Equipment		0.5	%		0.5	%
Structured Subordinated Note		0.4	%		0.5	%
Restaurants		0.4	%		0.3	%
Automotive		0.3	%		0.3	%
Construction Materials		0.3	%		0.3	%
Household Products		0.2	%		0.3	%
Oil, Gas & Consumable Fuels		0.1	%		—
Total		100	%		100	%