| Schedule of Investments |
As of June 30, 2026, the following investments
were on non-accrual status:
| Portfolio Company | | Investment Type | | Amortized
Cost | | | Fair Value | | | Contractual Rate | | Interest Income
Foregone (Three Months Ended June 30,
2026) | | | Interest Income
Foregone (Six Months Ended June 30, 2026) | | | Quest Bidco (GoApe) LLC | | First Lien Delayed Draw Term Loan | | $ | 19,501,493 | | | $ | 4,895,757 | | | 3 Month SOFR USD + 9.00% | | $ | 649,639 | | | $ | 1,330,791 | | | Quest Bidco (GoApe) LLC | | Super Senior Priority Term Loan | | $ | 20,825 | | | $ | - | | | 5.00000% | | $ | 273 | | | $ | 540 | | As of December 31, 2025, the following investments
were on non-accrual status:
| Portfolio Company | | Investment Type | | Amortized
Cost | | | Fair Value | | | Contractual Rate | | Interest
Income
Foregone
(Year Ended December 31, 2025) | | | Midwest Trading Group Acquisition, LLC | | First Lien Term Loan | | $ | 15,483,344 | | | $ | - | | | 3 Month SOFR USD + 8.75% | | $ | 1,031,585 | | | Quest Bidco (GoApe) LLC | | Delayed Draw Term Loan | | $ | 18,001,493 | | | $ | 10,766,502 | | | 3 Month SOFR USD + 9.00% | | $ | 1,200,289 | | | Quest Bidco (GoApe) LLC | | First Lien Term Loan | | $ | 20,825 | | | $ | 12,400 | | | - | | $ | 532 | | | Aqua Leisure Recreational | | Term Loan B-1 | | $ | 24,608,323 | | | $ | 17,317,497 | | | - | | $ | 630,589 | | | Aqua Leisure Recreational | | Term Loan B-2 | | $ | 343,750 | | | $ | 393,494 | | | - | | $ | - | |
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