The composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2026 and December 31, 2025 was as follows:


	June 30, 2026				December 31, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First Lien debt investments	$	513,840	$	509,228	$	307,857	$	309,054
Second Lien debt investments		87,882		78,220		87,746		88,220
Unsecured and Subordinated debt investments		62,301		62,260		—		—
Preferred equity investments		58,333		57,531		55,194		55,168
Total Investments	$	722,356	$	707,239	$	450,797	$	452,442

The industry composition of investments at amortized cost and fair value as of June 30, 2026 and December 31, 2025 was as follows:


	June 30, 2026							December 31, 2025
	Amortized Cost		Fair Value		% of Total Investments at Fair Value			Amortized Cost		Fair Value		% of Total Investments at Fair Value
Aerospace and Defense	$	22,327	$	22,428		3.2	%	$	21,038	$	21,190		4.7	%
Construction and Engineering		31,559		32,095		4.5	%		29,766		29,867		6.6	%
Distributors		39,486		39,320		5.6	%		39,437		39,520		8.7	%
Diversified Consumer Services		113,585		113,487		16.0	%		43,813		43,793		9.7	%
Health Care Providers and Services		152,799		150,521		21.3	%		89,033		89,426		19.8	%
Health Care Technology		20,398		20,223		2.9	%		20,389		20,518		4.5	%
Insurance		86,908		86,384		12.2	%		46,427		46,478		10.3	%
Professional Services		88,033		87,791		12.4	%		25,834		26,340		5.8	%
Software		135,630		123,494		17.5	%		135,060		135,310		29.9	%
Trading Companies and Distributors		31,631		31,496		4.4	%		—		—		—
Total	$	722,356	$	707,239		100.0	%	$	450,797	$	452,442		100.0	%