The following table presents the carrying value of each investment reflected on the Company's unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Investment | | Carrying
Value | | Ownership Percentage | | Carrying
Value | | Ownership Percentage | | | (in thousands) | | | | (in thousands) | | | | Shem Creek Capital Fund V LLC | | $ | 770 | | | 7.6 | % | | $ | 867 | | | 7.6 | % | | Shem Creek Capital Fund VI LLC | | 1,463 | | | 9.9 | % | | 3,071 | | | 9.9 | % | | Shem Creek Capital Fund VII LLC | | 4,294 | | | 13.0 | % | | 3,605 | | | 13.0 | % | | Shem Creek Sachem V LLC | | 1,639 | | | 49.0 | % | | 1,736 | | | 49.0 | % | | Shem Creek Sachem VI LLC | | 10,440 | | | 44.6 | % | | 13,403 | | | 45.5 | % | | Shem Creek Sachem 100 LLC | | 8,131 | | | 69.5 | % | | 8,950 | | | 67.6 | % | | Shem Creek Capital LLC | | 5,000 | | | 20.0 | % | | 5,000 | | | 20.0 | % | | Total Shem LLC Investments | | $ | 31,737 | | | | | $ | 36,632 | | | | | Cordo CLT Investors LLC | | $ | 2,500 | | | 7.2 | % | | $ | 2,500 | | | 7.2 | % | | Total investments in LLC’s | | $ | 34,237 | | | | | $ | 39,132 | | | |
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