v3.26.3
Consolidated Schedule of Investments in and Advances to Affiliates
 9 Months Ended
Sep. 30, 2026
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Consolidated Schedule of Investments in and Advances to Affiliates
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Majority-Owned Investments
Analytical Systems Keco Holdings, LLC13.25%Secured Debt(8)$— $— $381 $3,860 $9 $253 $3,616 
Preferred Member Units(8)— 400 — 120 400 — 520 
Preferred Member Units(8)— 80 — 6,030 80 — 6,110 
Warrants(8)— — — — — — — 
BDB Holdings, LLCPreferred Equity(7)— (7,450)— 12,640 — 7,450 5,190 
12.00%Secured Debt(7)— — 224 1,773 1,839 — 3,612 
Bettercloud, Inc.SF+10.77%Secured Debt(6)— — 310 6,017 2,307 8,324 — 
Common Equity(6)(5,704)1,200 — 15,690 1,200 16,890 — 
Brewer Crane Holdings, LLC13.79%SF+10.00%Secured Debt(9)— 35 534 5,016 40 — 5,056 
Preferred Member Units(9)— (410)90 3,460 — 410 3,050 
15.00%15.00%Preferred Member Units(9)— — 45 336 37 — 373 
California Splendor Holdings LLC14.00%Secured Debt(9)— 138 2,746 25,638 145 — 25,783 
Secured Debt(9)— — 3 (11)3 — (8)
Preferred Member Units(9)— 1,840 — 12,801 1,840 — 14,641 
15.00%15.00%Preferred Member Units(9)— — 1,726 12,569 4,725 — 17,294 
Clad-Rex Steel, LLCSecured Debt (12)(5)— — 12 — — — — 
9.00%Secured Debt(5)— (20)688 9,480 20 1,156 8,344 
10.00%Secured Debt(5)— (1)69 929 1 37 893 
Member Units(5)— 1,150 929 14,120 1,150 — 15,270 
Member Units(5)— 240 — 1,270 240 — 1,510 
Cody Pools, Inc.13.50%Secured Debt(8)— (4)181 — 6,747 2,533 4,214 
13.50%Secured Debt(8)— (104)3,396 34,901 104 1,387 33,618 
Preferred Member Units(8)— (3,900)847 65,060 — 3,900 61,160 
CompareNetworks Topco, LLC14.79%SF+11.00%Secured Debt(9)— (58)452 4,031 3 95 3,939 
Preferred Member Units(9)— (4,480)— 7,650 — 4,480 3,170 
Compass Systems & Sales, LLCSecured Debt(5)— — 4 (15)4 — (11)
13.50%Secured Debt(5)— 139 1,680 16,961 175 2,200 14,936 
Preferred Equity(5)— 274 180 7,180 662 — 7,842 
Cybermedia Technologies, LLCSecured Debt(6)— — 8 — — — — 
13.00%Secured Debt(6)— (250)2,654 27,076 45 1,375 25,746 
Preferred Member Units(6)— — 188 — — — — 
Preferred Equity(6)— (600)— 6,340 — 600 5,740 
Datacom, LLC10.00%Secured Debt(8)— — 64 675 712 239 1,148 
10.00%Secured Debt(8)— (2,365)587 4,169 — 2,467 1,702 
Preferred Member Units(8)— — — — — — — 
Direct Marketing Solutions, Inc.Secured Debt (12)(9)— 24 148 1,785 1,615 3,400 — 
Secured Debt(9)— (3)281 23,082 — 23,082 — 
14.00%Secured Debt(9)— 300 4,840 — 43,857 670 43,187 
Preferred Stock(9)— 10,688 8 19,760 15,488 160 35,088 
Gamber-Johnson Holdings, LLC11.19%SF+7.50%Secured Debt(5)— — 108 — 1,600 — 1,600 
11.19%SF+7.50%Secured Debt(5)— (15)6,469 70,526 4,455 15 74,966 
Member Units(5)— 7,260 3,399 113,810 7,260 — 121,070 
Member Units(5)— — — 396 — 92 304 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Garreco, LLCMember Units(8)— (560)— 1,830 — 560 1,270 
GRT Rubber Technologies LLC9.79%SF+6.00%Secured Debt(8)— (3)236 3,146 3 3 3,146 
11.79%SF+8.00%Secured Debt(8)— (35)3,657 40,493 35 35 40,493 
Member Units(8)— (6,180)1,779 46,360 — 6,180 40,180 
IG Investor, LLC13.00%Secured Debt (12)(6)— (6)116 1,600 6 806 800 
13.00%Secured Debt(6)— (63)3,370 35,064 63 3,263 31,864 
Common Equity(6)— 7,040 — 28,030 7,040 — 35,070 
Jensen Jewelers of Idaho, LLCP+6.75%Secured Debt (12)(9)— — — — — — — 
13.50%P+6.75%Secured Debt(9)— — 32 878 — 490 388 
Member Units(9)— 730 971 11,540 730 — 12,270 
Kickhaefer Manufacturing Company, LLC11.50%Secured Debt(5)— 99 962 10,195 12,309 10,995 11,509 
9.00%Secured Debt(5)— 30 264 3,878 32 40 3,870 
Preferred Equity(5)— 4,560 591 17,180 4,560 — 21,740 
Member Units(5)— 60 54 4,190 60 — 4,250 
MSC Adviser I, LLCMember Units(8)— (32,320)7,527 255,020 — 32,320 222,700 
NRP Jones, LLCSecured Debt(5)(1,250)1,687 — 474 1,688 2,162 — 
Member Units(5)(3,823)3,823 — — 3,823 3,823 — 
Member Units(5)(114)114 — — 114 114 — 
Preferred Equity(5)(482)482 — — 482 482 — 
Common Equity(5)— — 65 928 — — 928 
OMi Topco, LLC12.00%Secured Debt(8)— (8)2,647 29,000 8 8 29,000 
Member Units(8)— 1,720 9,249 77,900 1,720 — 79,620 
Principle Environmental, LLCSecured Debt(8)— (17)391 4,897 — 4,897 — 
13.00%Secured Debt(8)— 62 138 — 6,397 — 6,397 
Preferred Member Units(8)— (1,070)3,108 15,740 — 1,070 14,670 
Common Stock(8)— (50)— 750 — 50 700 
Quality Lease Service, LLCMember Units(7)248 54 — 460 302 285 477 
Robbins Bros. Jewelry, Inc.Secured Debt(9)— — 123 (62)— 17 (79)
12.50%10.00%Secured Debt(9)— 99 — 14,029 — 543 13,486 
Preferred Equity(9)— — — — — — — 
Trantech Radiator Topco, LLC11.50%Secured Debt(7)— — 98 — 1,600 — 1,600 
Secured Debt(7)— (41)240 9,000 — 9,000 — 
13.50%Secured Debt(7)— 198 2,780 — 31,280 — 31,280 
Common Stock(7)— 12,414 511 14,920 13,780 — 28,700 
Common Equity(7)— — — 696 — — 696 
9.00%Secured Debt(7)— (3)142 2,040 3 3 2,040 
9.00%Secured Debt(7)— 6 102 — 2,100 — 2,100 
9.00%Secured Debt(7)— 1 20 — 400 — 400 
Victory Energy Operations, LLCSecured Debt (12)(8)— — 198 836 2,589 3,446 (21)
13.00%Secured Debt(8)— — 4,836 47,889 82 1,723 46,248 
Preferred Equity(8)— 2,940 462 23,380 2,940 — 26,320 
Volusion, LLCSecured Debt(8)— — 142 2,100 — 2,100 — 
Preferred Member Units(8)(14,000)14,000 — — 14,000 14,000 — 
Preferred Member Units(8)1,586 (1,080)— 2,910 1,586 4,496 — 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Common Stock(8)(2,576)2,576 — — 2,576 2,576 — 
Ziegler’s NYPD, LLC12.00%Secured Debt(8)— — 20 150 350 — 500 
12.00%Secured Debt(8)— (575)159 1,687 — 575 1,112 
Preferred Member Units(8)— (50)— 50 — 50 — 
Other Controlled Investments
American Nuts, LLCPreferred Equity(9)$— $(470)$— $4,250 $— $470 $3,780 
12.38%SF+8.50%12.38%Secured Debt(9)— (67)788 8,161 787 67 8,881 
12.38%SF+8.50%12.38%Secured Debt(9)— 287 788 6,582 1,075 — 7,657 
12.38%SF+8.50%12.38%Secured Debt(9)— — 20 — 331 — 331 
ASC Interests, LLCSecured Debt(8)— — 10 400 — 400 — 
Secured Debt(8)— 30 37 1,502 31 1,533 — 
Preferred Member Units(8)(88)178 — — 178 178 — 
Member Units(8)(1,500)1,500 — — 1,500 1,500 — 
Batjer TopCo, LLCSecured Debt(8)— (1)4 — 271 271 — 
10.00%Secured Debt(8)— (15)760 9,945 16 353 9,608 
Preferred Stock(8)— 750 951 8,750 750 — 9,500 
Bolder Panther Group, LLC12.00%SF+8.31%Secured Debt(9)— (99)9,333 101,046 99 99 101,046 
8.00%Class B Preferred Member Units(9)— 910 2,401 31,190 910 — 32,100 
Secured Debt(9)— — 37 — — — — 
Bridge Capital Solutions CorporationPreferred Member Units(6)— — — — — — — 
Warrants(6)— — — — — — — 
Warrants(6)— — — — — — — 
CBT Nuggets, LLCMember Units(9)— (9,030)825 47,930 — 9,030 38,900 
Centre Technologies Holdings, LLCSF+8.00%Secured Debt(8)— — 8 — 240 240 — 
SF+8.00%Secured Debt(8)— (26)1,409 24,085 6,826 30,911 — 
Preferred Member Units(8)46,401 (36,324)2,441 42,710 46,401 89,111 — 
Chamberlin Holding LLCSF+6.00%Secured Debt (12)(8)— (9)26 — 9 9 — 
11.86%SF+8.00%Secured Debt(8)— (60)3,787 42,020 60 860 41,220 
Member Units(8)— 12,530 4,467 35,530 12,530 — 48,060 
Member Units(8)— 20 69 4,170 20 — 4,190 
Charps, LLC14.00%Unsecured Debt(5)— (78)674 5,694 78 78 5,694 
Preferred Member Units(5)— (1,310)500 16,020 — 1,310 14,710 
Colonial Electric Company LLCSecured Debt (12)(6)— — 6 — — — — 
9.00%Secured Debt(6)— 65 631 8,779 — — 8,779 
Preferred Member Units(6)— 8,060 3,755 16,830 8,060 — 24,890 
Computer Data Source, LLCSF+10.25%Secured Debt(6)(3,281)406 — 8,394 — 8,394 — 
Secured Debt(6)— — 49 — — — — 
SF+10.25%Secured Debt(6)(8,006)1,015 — 20,352 — 20,352 — 
Member Units(6)— — — — 15,640 — 15,640 
SF+5.50%Secured Debt (12)(6)— — — — — — — 
10.00%SF+5.50%10.00%Secured Debt(6)— — — — 5,000 — 5,000 
Copper Trail Fund InvestmentsLP Interests (CTMH, LP)(9)— 65 — 390 65 75 380 
Digital Products Holdings LLC13.69%SF+10.00%Secured Debt(5)— 606 1,229 11,338 567 660 11,245 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Preferred Member Units(5)— — 150 9,835 — — 9,835 
Doral Holdings, LLCPreferred Equity(5)— 19,990 1,650 15,740 19,990 — 35,730 
11.00%Secured Debt(5)— 148 2,182 26,270 230 6,000 20,500 
Elgin AcquireCo, LLCSF+6.00%Secured Debt(5)— — 6 (3)1 — (2)
12.00%Secured Debt(5)— (62)1,543 16,719 26 179 16,566 
9.00%Secured Debt(5)— — 420 6,156 3 43 6,116 
Common Stock(5)— (970)— 5,050 — 970 4,080 
Common Stock(5)— 210 — 3,270 210 — 3,480 
Flame King Holdings, LLCPreferred Equity(9)— (1,860)2,729 54,630 — 1,860 52,770 
11.00%Secured Debt(9)— (97)6,050 66,000 97 97 66,000 
Common Equity(9)— (58)131 — 3,929 58 3,871 
Harris Preston Fund InvestmentsLP Interests (2717 MH, L.P.)(8)671 (561)— 1,795 670 1,332 1,133 
LP Interests (2717 HPP-MS, L.P.) (12)(8)— (375)282 447 — 375 72 
LP Interests (2717 GRE-LP, L.P.)(8)— 75 — 441 75 — 516 
LP Interests (423 COR, L.P.)(8)— (462)— 5,244 — 462 4,782 
Harrison Hydra-Gen, Ltd.Common Stock(8)— (440)— 7,080 — 440 6,640 
JorVet Holdings, LLC12.00%Secured Debt(9)— — 2,155 23,263 35 348 22,950 
Preferred Equity(9)— 3,830 603 10,990 3,830 — 14,820 
JTI Electrical & Mechanical, LLC9.89%SF+6.00%9.89%Secured Debt(9)— (23,012)— 36,429 — 23,013 13,416 
15.00%15.00%Secured Debt(9)— (939)— 939 — 939 — 
SF+5.00%Secured Debt(9)(6,529)— — 6,316 — 6,316 — 
Common Equity(9)— — — — 1,069 — 1,069 
KBK Industries, LLCMember Units(5)17,327 (17,396)1,603 18,180 17,326 35,506 — 
Secured Debt(5)— — — — — — — 
Secured Debt(5)— (34)51 7,200 34 7,234 — 
Legacy Swim Group13.00%Secured Debt(7)— — 3,203 31,691 48 — 31,739 
Preferred Equity(7)— — 186 14,996 — — 14,996 
13.00%Secured Debt (12)(7)— — 87 — 790 — 790 
Metalforming Holdings, LLCSecured Debt(7)— 3 19 — — — — 
9.75%Secured Debt(7)— (25)1,198 17,237 25 25 17,237 
8.00%8.00%Preferred Equity(7)— — 371 5,916 — — 5,916 
Common Stock(7)— 900 999 9,770 900 — 10,670 
Midstream Valve Partners, LLC14.00%Secured Debt(8)— — 1,142 — 28,720 — 28,720 
Preferred Member Units(8)— — — — 10,285 — 10,285 
Moffitt Holdings, LLC13.00%Secured Debt(8)— — 3,337 33,840 59 1,313 32,586 
Preferred Equity(8)— 1,300 8 15,560 1,300 — 16,860 
MS Private Loan Fund I, LP6.69%SF+3.00%Secured Debt (12)(8)— — 713 12,000 11,440 6,130 17,310 
LP Interests(8)— (502)943 14,697 — 502 14,195 
MS Private Loan Fund II, LPSF+3.00%Secured Debt (12)(8)— — 38 (84)520 500 (64)
LP Interests (12)(8)— 174 1,371 11,064 2,424 — 13,488 
MSC Income Fund, Inc.Common Equity(8)— (2,543)1,459 21,412 5,601 2,543 24,470 
SF+4.50%Secured Debt (12)(8)— — 121 — 23,873 24,000 (127)
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
MVI MSO, LLC13.00%Secured Debt(6)— — 986 9,768 14 — 9,782 
Preferred Equity(6)— (1,340)152 4,770 — 1,340 3,430 
NAPCO Precast, LLCMember Units(8)— (4,220)280 14,480 — 4,220 10,260 
Member Units(8)— 116 25 568 302 — 870 
Nello Industries Investco, LLCSecured Debt(5)— (205)550 32,072 — 32,072 — 
12.50%Secured Debt(5)— 173 3,605 — 41,344 — 41,344 
Preferred Equity(5)— 15,960 654 23,330 15,960 — 39,290 
NexRev LLCPreferred Member Units(8)— (70)60 12,870 — 70 12,800 
NuStep, LLC10.29%SF+6.50%Secured Debt(5)— — 227 1,000 1,600 — 2,600 
12.00%Secured Debt(5)— — 1,731 18,440 — 238 18,202 
Preferred Member Units(5)— (1,970)— 12,200 — 1,970 10,230 
Preferred Member Units(5)— 550 — 6,110 550 — 6,660 
Orttech Holdings, LLCSF+11.00%Secured Debt(5)— — 16 612 — 612 — 
14.79%SF+11.00%Secured Debt(5)— 180 2,362 20,760 208 — 20,968 
Preferred Stock(5)— (2,780)180 13,450 — 2,780 10,670 
Pinnacle TopCo, LLCSecured Debt (12)(8)— (2)8 — 2 2 — 
13.00%Secured Debt(8)— (51)2,635 27,200 51 2,371 24,880 
Preferred Equity(8)— (200)879 20,440 — 200 20,240 
PPL RVs, Inc.SF+8.75%Secured Debt(8)— (1)1 — 1 1 — 
12.54%SF+8.75%Secured Debt(8)— (27)1,473 15,191 27 27 15,191 
Common Stock(8)— (1,220)— 17,330 — 1,220 16,110 
Common Stock(8)— 103 23 575 103 — 678 
River Aggregates, LLCMember Units(8)(75)130 25 9,700 130 — 9,830 
Shift Transit ParentCo, LPPreferred Equity(5)— — 125 — 12,000 — 12,000 
13.00%Secured Debt(5)— — 1,416 — 17,641 — 17,641 
13.00%Secured Debt(5)— — 811 — 10,109 — 10,109 
13.00%Secured Debt (12)(5)— — 146 — 1,736 1,000 736 
Spring Engineering Holdings, LLC13.00%Secured Debt(7)— — 2,323 — 23,187 — 23,187 
Preferred Member Units(7)— — 161 — 4,650 — 4,650 
Tedder Industries, LLC12.00%12.00%Secured Debt(9)— (82)518 962 518 82 1,398 
12.00%12.00%Secured Debt(9)— 3,456 — 2,827 3,455 — 6,282 
Preferred Member Units(9)— — — — — — — 
Preferred Member Units(9)— — — — — — — 
Preferred Member Units(9)— — — — — — — 
Televerde, LLCMember Units(8)— (4,822)— 4,822 — 4,822 — 
Preferred Member Units(8)— (303)— 1,794 — 303 1,491 
Preferred Member Units(8)— 408 — — 681 — 681 
Trinity Medical Holdings, LLC13.00%Secured Debt(7)— 468 5,855 57,944 556 — 58,500 
Preferred Equity(7)— 16,649 450 22,500 16,650 — 39,150 
VVS Holdco LLC9.79%SF+6.00%Secured Debt(5)— — 16 — 400 — 400 
11.50%Secured Debt(5)— — 2,067 23,956 36 1,200 22,792 
Preferred Equity(5)— — — 12,240 — — 12,240 
Other
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Amounts related to investments transferred to or from other 1940 Act classification during the period— 9,366 — (28,746)— — — 
Total Control investments$18,805 $1,235 $177,756 $2,569,626 $596,286 $527,943 $2,666,715 
Affiliate Investments
AAC Holdings, Inc.20.00%20.00%Secured Debt(7)$— $— $145 $895 $145 $— $1,040 
Preferred Equity(7)— (2,080)— 2,080 — 2,080 — 
20.00%20.00%Secured Debt(7)— (2,137)— 2,756 — 2,137 619 
20.00%20.00%Secured Debt(7)— (2,137)— 2,756 — 2,137 619 
Common Stock(7)— — — — — — — 
21.00%21.00%Secured Debt(7)— 97 173 503 701 — 1,204 
21.00%21.00%Secured Debt(7)— 325 154 — 1,772 — 1,772 
21.00%21.00%Secured Debt (12)(7)— — 2 — 194 — 194 
BLI Acquisition, LLC14.00%Secured Debt(7)— — 1,519 — 13,086 — 13,086 
Member Units(7)— — — — 2,100 — 2,100 
Boccella Precast Products LLCSecured Debt(6)— — 35 256 — 256 — 
Member Units(6)384 (564)80 2,820 384 3,204 — 
Buca C, LLC15.00%15.00%Secured Debt(7)— — — — — — — 
6.00%6.00%Preferred Member Units(7)— — — — — — — 
15.00%15.00%Secured Debt(7)— (111)— — 111 111 — 
Career Team Holdings, LLCSF+6.00%Secured Debt (12)(6)— — 23 (45)458 450 (37)
13.00%Secured Debt(6)— — 2,222 21,551 — 11 21,540 
Common Stock(6)— (204)— 5,370 240 204 5,406 
CenterPeak Holdings, LLCSecured Debt(8)— (6)141 1,800 6 1,806 — 
Secured Debt(8)— (4)2,086 25,107 4 25,111 — 
Preferred Equity(8)— 5,080 5,790 24,340 5,080 — 29,420 
CGMS Parent LLC13.00%Secured Debt(6)— — 2,474 24,754 41 469 24,326 
Secured Debt (12)(6)— — 21 (39)6 — (33)
Preferred Equity(6)— — 424 10,000 — — 10,000 
Classic H&G Holdings, LLCPreferred Member Units(6)— 90 — 2,040 90 — 2,130 
Congruent Credit Opportunities FundsLP Interests (Congruent Credit Opportunities Fund III, LP)(8)— 812 — 24 812 — 836 
Connect Telecommunications Solutions Holdings, Inc.13.00%Secured Debt(6)— — 2,327 24,153 46 1,621 22,578 
Preferred Equity(6)— (1,436)— 12,596 — 1,436 11,160 
DMA Industries, LLC13.00%Secured Debt(7)— (10)1,176 12,800 10 10 12,800 
Preferred Equity(7)— 6,820 — 9,174 6,820 — 15,994 
13.00%Secured Debt(7)— 20 365 560 4,082 — 4,642 
15.00%15.00%Preferred Equity(7)— 3,520 445 5,424 3,957 — 9,381 
Dos Rios PartnersLP Interests (Dos Rios Partners, LP)(8)— (1,057)— 8,027 — 1,194 6,833 
LP Interests (Dos Rios Partners - A, LP)(8)— (336)— 2,549 — 379 2,170 
Dos Rios Stone Products LLCClass A Preferred Units(8)— — — — — — — 
EIG Fund InvestmentsLP Interests (EIG Global Private Debt Fund-A, L.P.)(8)(84)47 — 37 47 84 — 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
FCC Intermediate Holdco, LLC13.00%Secured Debt(5)— (676)3,667 31,160 676 1,906 29,930 
Warrants(5)— (1,940)540 15,140 — 1,940 13,200 
Freeport Financial FundsLP Interests (Freeport Financial SBIC Fund LP)(5)— (302)— 1,600 — 1,090 510 
LP Interests (Freeport First Lien Loan Fund III LP)(5)— — — 193 — 147 46 
FRG AcquireCo, LLCSecured Debt (12)(7)— — 11 (19)5 — (14)
12.50%Secured Debt(7)— — 928 10,402 39 3,018 7,423 
Preferred Equity(7)— — — 3,500 — — 3,500 
GFG Group, LLC10.50%Secured Debt(5)— 105 1,207 14,053 120 — 14,173 
Preferred Member Units(5)— 2,120 454 10,940 2,120 — 13,060 
Gulf Manufacturing, LLC11.82%SF+8.13%Secured Debt(8)— (60)309 (32)6,007 60 5,915 
11.82%SF+8.13%Secured Debt(8)— — 3,538 36,784 235 1,000 36,019 
Member Units(8)— (3,190)367 6,600 — 3,190 3,410 
Common Stock(8)— 700 (71)1,450 700 — 2,150 
Preferred Equity(8)— — — 5,190 — — 5,190 
Harris Preston Fund InvestmentsLP Interests (423 HAR, L.P.)(8)— 76 — 1,226 76 — 1,302 
LP Interests (HPEP 3, L.P.) (12)(8)— (203)— 4,116 — 455 3,661 
LP Interests (HPEP 4, L.P.) (12)(8)— 1,172 — 7,463 2,457 — 9,920 
Hawk Ridge Systems, LLCSecured Debt(9)— — — 3,219 — 3,219 — 
SF+6.00%Secured Debt (12)(9)— 19 54 — 3,347 3,347 — 
Secured Debt(9)— — — 45,256 — 45,256 — 
12.50%Secured Debt(9)— 223 4,841 — 49,871 — 49,871 
Secured Debt(9)— — — — — — — 
12.50%Secured Debt(9)— 37 134 — 7,635 — 7,635 
Preferred Member Units(9)— 390 — 26,310 390 — 26,700 
Preferred Member Units(9)— 30 — 1,380 30 — 1,410 
Houston Plating and Coatings, LLC10.00%Unsecured Convertible Debt(8)— 25 232 3,000 — — 3,000 
Member Units(8)— (530)163 3,720 200 530 3,390 
Independent Pet Partners Intermediate Holdings, LLCCommon Equity(6)— (530)— 19,000 — 530 18,470 
Infinity X1 Holdings, LLCPreferred Equity(9)— 13,610 3,989 8,010 13,610 — 21,620 
11.00%Secured Debt(9)— (5)1,222 15,299 5 4,345 10,959 
Secured Debt (12)(9)— — 54 — 4,000 4,000 — 
Integral Energy Services11.49%SF+7.50%Secured Debt(8)— (52)1,111 12,042 — 204 11,838 
10.00%10.00%Preferred Equity(8)— — 22 420 22 — 442 
Common Stock(8)— 70 — 350 70 — 420 
10.00%10.00%Preferred Equity(8)— 86 — 404 86 — 490 
Iron-Main Investments, LLCSecured Debt(5)— — 260 4,500 — 4,500 — 
Secured Debt(5)— — 169 2,931 — 2,931 — 
Secured Debt(5)— — 488 8,944 — 8,944 — 
Secured Debt(5)— — 1,009 17,569 — 17,569 — 
Secured Debt(5)— — 639 9,421 — 9,421 — 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
13.00%Secured Debt(5)— — 2,872 — 51,015 — 51,015 
Secured Debt (12)(5)— — 11 — — 15 (15)
Common Stock(5)— 370 — 2,700 370 — 3,070 
25.00%25.00%Preferred Equity(5)— 210 — 1,030 210 — 1,240 
25.00%25.00%Preferred Equity(5)— — — 155 — — 155 
25.00%25.00%Preferred Equity(5)— — — — 136 — 136 
ITA Holdings Group, LLC10.90%SF+7.00%Secured Debt(8)— (3)101 1,180 3 3 1,180 
SF+7.00%Secured Debt(8)— (15)327 5,310 — 5,310 — 
11.38%SF+7.50%Secured Debt(8)— (198)607 4,935 198 198 4,935 
13.38%SF+9.50%Secured Debt(8)— (198)607 4,935 198 198 4,935 
12.38%SF+8.50%Secured Debt(8)— 5 300 1,770 5,310 — 7,080 
12.38%SF+8.50%Secured Debt(8)— 1 185 — 3,540 — 3,540 
Warrants(8)— (3,300)1,688 15,230 — 3,300 11,930 
Kennedy Fab HoldCo, LLCSecured Debt(8)— — 33 — — — — 
Secured Debt(8)— — 1,803 — 30,000 30,000 — 
Secured Debt(8)— — 789 — 20,000 20,000 — 
Preferred Equity(8)— 3,980 467 — 15,470 — 15,470 
KMS, LLC12.50%Secured Debt(5)— 18 120 1,146 27 — 1,173 
12.50%Secured Debt(5)— — 88 1,007 — 276 731 
Preferred Equity(5)— — 237 6,270 — — 6,270 
SF+5.50%Secured Debt (12)(5)— 29 53 (40)1,343 1,303 — 
Mills Fleet Farm Group, LLC9.32%SF+5.50%9.32%Secured Debt(5)— 58 197 2,796 255 — 3,051 
9.21%SF+5.50%9.21%Secured Debt(5)— 34 121 1,664 156 — 1,820 
Preferred Equity(5)— 848 845 12,557 1,693 — 14,250 
MoneyThumb Acquisition, LLC12.50%Secured Debt(9)— — 912 7,696 175 1,775 6,096 
12.00%12.00%Preferred Member Units(9)— 1,183 180 2,112 1,364 — 3,476 
Warrants(9)— 410 — 800 410 — 1,210 
Nearshore AcquireCo, LLCSecured Debt (12)(8)— — 13 (24)1,504 1,500 (20)
Secured Debt(8)— — 9 (61)10 — (51)
13.00%Secured Debt(8)— — 2,192 21,688 33 — 21,721 
Preferred Equity(8)— 740 — 5,260 740 — 6,000 
OnAsset Intelligence, Inc.12.00%12.00%Secured Debt(8)— 445 — 141 444 — 585 
12.00%12.00%Secured Debt(8)— 453 — 144 453 — 597 
12.00%12.00%Secured Debt(8)— 976 — 309 976 — 1,285 
12.00%12.00%Secured Debt(8)— 2,037 — 645 2,037 — 2,682 
10.00%10.00%Unsecured Debt(8)— — — — — — — 
7.00%7.00%Preferred Stock(8)— — — — — — — 
Common Stock(8)— — — — — — — 
Warrants(8)— — — — — — — 
Oneliance, LLCPreferred Stock(7)— (270)102 3,270 — 270 3,000 
RA Outdoors LLC10.63%SF+6.75%1.42%Secured Debt(8)— (105)118 1,182 118 105 1,195 
10.63%SF+6.75%1.42%Secured Debt(8)— (1,095)1,237 12,355 1,237 1,095 12,497 
10.58%SF+6.75%Secured Debt(8)— (113)27 — 492 113 379 
10.58%SF+6.75%Secured Debt(8)— (110)26 — 479 110 369 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Revenue Recovery Holdings, LLCSecured Debt (12)(7)— — 9 (18)3 — (15)
13.00%Secured Debt(7)— — 659 6,640 15 1,250 5,405 
Preferred Equity(7)— 1,371 — 1,049 1,371 — 2,420 
RFG AcquireCo, LLC13.00%Secured Debt(7)— — 37 (7)1,004 — 997 
13.00%Secured Debt(7)— — 1,166 7,932 3,983 — 11,915 
Secured Debt(7)— — 300 33,700 — 33,700 — 
13.00%Secured Debt(7)— — 4,312 — 41,410 — 41,410 
Preferred Equity(7)— 3,880 — 12,771 3,880 — 16,651 
SI East, LLC11.85%Secured Debt (12)(7)— (10)219 2,250 3 10 2,243 
12.79%Secured Debt(7)— (81)6,514 66,850 25 612 66,263 
Preferred Member Units(7)— (4,120)277 17,190 — 4,120 13,070 
Slick Innovations, LLC12.00%Secured Debt(6)— (69)2,475 24,680 69 4,229 20,520 
Common Stock(6)— 1,280 — 2,160 1,280 — 3,440 
Specialized Aviation Holdings, LLCSecured Debt(7)— — 1,909 28,362 263 28,625 — 
Preferred Stock(7)— — 633 15,000 — — 15,000 
Student Resource Center, LLC8.50%8.50%Secured Debt(6)— (211)— 1,438 — 211 1,227 
8.50%8.50%Secured Debt(6)— 72 12 780 83 — 863 
Superior Rigging & Erecting Co.Preferred Member Units(7)— 2,960 1,052 17,500 2,960 — 20,460 
The Affiliati Network, LLCPreferred Stock(9)— — 384 6,400 — — 6,400 
Preferred Stock(9)— — — 313 — — 313 
UnionRock Energy Fund II, LPLP Interests (12)(9)— 499 — 4,164 1,026 275 4,915 
UnionRock Energy Fund III, LPLP Interests (12)(9)— 631 — 5,165 2,754 271 7,648 
UniTek Global Services, Inc.20.00%20.00%Preferred Stock(6)— 1,820 — 9,388 1,820 — 11,208 
19.00%19.00%Preferred Stock(6)— — — — — — — 
13.50%13.50%Preferred Stock(6)— — — — — — — 
Urgent DSO LLC13.50%Secured Debt(5)— (191)914 8,672 14 191 8,495 
Preferred Equity(5)— (3,584)— 4,356 — 3,584 772 
Watterson Brands, LLCSecured Debt (12)(6)— — 2 — — — — 
6.00%6.00%Secured Debt(6)— (365)206 — 13,480 365 13,115 
Common Shares(6)— — — — — — — 
12.00%12.00%Preferred Shares(6)— (290)— — 4,840 290 4,550 
Secured Debt(6)(955)733 — 1,595 — 1,595 — 
Secured Debt(6)(161)119 — 275 — 275 — 
Secured Debt(6)(6,759)5,214 — 11,314 — 11,313 1 
Secured Debt(6)(5,407)4,169 — 9,049 — 9,050 (1)
Wildcats Topco LLCCommon Equity(5)— 3,759 328 22,760 3,760 — 26,520 
World Micro Holdings, LLC13.00%Secured Debt(7)— — 941 9,848 18 1,318 8,548 
Preferred Equity(7)— — 111 3,845 — — 3,845 
Other
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2025 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2026 Fair Value (13)
Amounts related to investments transferred to or from other 1940 Act classification during the period13,272 (10,236)— (22,233)— — — 
Total Affiliate investments$290 $31,644 $83,666 $965,179 $356,350 $327,157 $1,016,605 
___________________________
(1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q.
(2)Represents the total amount of interest, dividends and fees credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred to or from other 1940 Act classifications during the period.”
(3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category.
(4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category.
(5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $642,857. This represented 20.0% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $189,602. This represented 5.9% of net assets as of September 30, 2026.
(6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $166,741. This represented 5.2% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $170,463. This represented 5.3% of net assets as of September 30, 2026.
(7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $282,930. This represented 8.8% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $285,572. This represented 8.9% of net assets as of September 30, 2026.
(8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $1,020,898. This represented 31.8% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $222,715. This represented 6.9% of net assets as of September 30, 2026.
(9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2026 for Control investments located in this region was $553,289. This represented 17.2% of net assets as of September 30, 2026. The fair value as of September 30, 2026 for Affiliate investments located in this region was $148,253. This represented 4.6% of net assets as of September 30, 2026.
(10)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted.
(11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs.
(12)Investment has an unfunded commitment as of September 30, 2026 (see Note K — Commitments and Contingencies). The fair value of the investment includes the impact of the fair value of any unfunded commitments.
(13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
Majority-Owned Investments
BDB Holdings, LLCPreferred Equity(7)$— $(2,860)$— $18,920 $— $2,860 $16,060 
12.00%Secured Debt (12)(7)— — 35 — 1,173 — 1,173 
Brewer Crane Holdings, LLC14.41%SF+10.00%Secured Debt(9)— — 549 5,016 — — 5,016 
Preferred Member Units(9)— (1,290)90 4,680 — 1,290 3,390 
Preferred Member Units(9)— — 12 — 324 — 324 
Café Brazil, LLCMember Units(8)(707)542 84 1,200 542 1,742 — 
California Splendor Holdings LLC14.00%Secured Debt(9)— 388 2,864 28,465 601 3,292 25,774 
Secured Debt (12)(9)— — 48 1,506 21 1,539 (12)
Preferred Member Units(9)— (6,940)188 22,215 — 6,940 15,275 
15.00%15.00%Preferred Member Units(9)— — 1,241 10,909 1,241 — 12,150 
Clad-Rex Steel, LLCSecured Debt (12)(5)— — 2 — — — — 
Secured Debt(5)— (36)392 6,760 — 6,760 — 
10.00%Secured Debt(5)— 80 195 — 9,800 160 9,640 
10.00%Secured Debt(5)— (1)72 973 1 34 940 
Member Units(5)— 3,130 1,157 10,990 3,130 — 14,120 
Member Units(5)— 320 — 950 320 — 1,270 
Cody Pools, Inc.Secured Debt (12)(8)— 6 218 — 843 843 — 
12.50%Secured Debt(8)— 1 3,630 39,227 3,371 2,783 39,815 
Preferred Member Units(8)— (1,330)1,713 67,810 — 1,330 66,480 
CompareNetworks Topco, LLCSF+9.00%Secured Debt(9)— — 339 2,903 — 2,903 — 
13.41%SF+9.00%Secured Debt(9)— — 10 — 4,431 — 4,431 
Preferred Member Units(9)— (3,080)— 11,260 — 3,080 8,180 
Compass Systems & Sales, LLCSecured Debt(5)— — 4 (21)4 — (17)
13.50%Secured Debt(5)— (139)1,786 17,067 25 138 16,954 
Preferred Equity(5)— (270)180 7,450 — 270 7,180 
Cybermedia Technologies, LLCSecured Debt(6)— — 8 — — — — 
13.00%Secured Debt(6)— (531)2,728 27,116 42 621 26,537 
Preferred Member Units(6)— (15,000)188 15,000 — 15,000 — 
Preferred Equity(6)— 1,960 — — 4,460 100 4,360 
Datacom, LLC7.50%Secured Debt(8)— — 50 493 767 585 675 
10.00%Secured Debt(8)— (2,257)706 7,947 102 2,460 5,589 
Preferred Member Units(8)— (600)— 240 360 600 — 
Direct Marketing Solutions, Inc.14.00%Secured Debt(9)— (22)53 — 1,042 22 1,020 
14.00%Secured Debt(9)— (29)2,504 23,902 29 849 23,082 
Preferred Stock(9)— 1,150 — 17,930 1,150 — 19,080 
Gamber-Johnson Holdings, LLCSF+7.50%Secured Debt (12)(5)— — 5 — — — — 
11.50%SF+7.50%Secured Debt (12)(5)— (38)6,384 73,126 38 2,438 70,726 
Member Units(5)— 1,910 5,388 114,750 1,910 — 116,660 
Garreco, LLCMember Units(8)— (230)— 2,060 — 230 1,830 
GRT Rubber Technologies LLC10.41%SF+6.00%Secured Debt (12)(8)— (3)252 3,146 3 3 3,146 
12.41%SF+8.00%Secured Debt(8)— (35)3,862 40,493 35 35 40,493 
Member Units(8)— 930 4,280 45,890 930 — 46,820 
Gulf Publishing Holdings, LLCSF+9.50%Secured Debt(8)— — — — — — — 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
Secured Debt(8)(231)782 — 1,518 623 2,141 — 
Preferred Equity(8)(5,600)5,600 — — 5,600 5,600 — 
Member Units(8)(3,681)3,681 — — 3,681 3,681 — 
IG Investor, LLC13.00%Secured Debt (12)(6)— 22 173 1,572 28 — 1,600 
13.00%Secured Debt(6)— 192 3,512 35,257 247 440 35,064 
Common Equity(6)— 4,540 — 16,230 4,540 — 20,770 
Jensen Jewelers of Idaho, LLCP+6.75%Secured Debt (12)(9)— — — — — — — 
14.25%P+6.75%Secured Debt(9)— — 144 1,498 — 470 1,028 
Member Units(9)— (280)804 11,820 — 280 11,540 
MSC Adviser I, LLCMember Units(8)— 20,350 8,393 246,000 20,350 — 266,350 
Mystic Logistics Holdings, LLCSecured Debt (12)(6)— — 3 — — — — 
10.00%Secured Debt(6)— (5)441 5,746 5 5 5,746 
Common Stock(6)— 410 2,864 26,370 410 — 26,780 
NRP Jones, LLC12.00%Secured Debt(5)— (137)205 2,178 6 138 2,046 
Member Units(5)— (2,417)— 2,696 — 2,417 279 
Member Units(5)— (83)— 94 — 83 11 
Preferred Equity(5)— 756 — — 1,238 — 1,238 
Common Equity(5)— — — — 1,200 272 928 
OMi Topco, LLCSecured Debt(8)— (30)207 9,000 — 9,000 — 
Secured Debt(8)— — 434 — — — — 
Secured Debt(8)— — 781 — — — — 
12.00%Secured Debt(8)— 39 11 — 24,000 — 24,000 
Preferred Member Units(8)— 5,180 20,699 72,720 5,180 — 77,900 
Principle Environmental, LLC13.00%Secured Debt(8)— — 497 4,861 14 — 4,875 
Preferred Member Units(8)— 2,100 1,186 12,600 2,100 — 14,700 
Common Stock(8)— 100 — 600 100 — 700 
Quality Lease Service, LLCMember Units(7)— — — 460 — — 460 
Robbins Bros. Jewelry, Inc.Secured Debt(9)— — 27 (39)— 17 (56)
12.50%10.00%Secured Debt(9)— 224 — 14,562 — 417 14,145 
Preferred Equity(9)— — — — — — — 
Trantech Radiator Topco, LLCSecured Debt (12)(7)— — 3 (1)— — (1)
13.50%Secured Debt(7)— — 831 7,855 20 — 7,875 
Common Stock(7)— 4,780 87 8,570 4,780 — 13,350 
Victory Energy Operations, LLCSecured Debt (12)(8)— — 97 (33)1,728 1,723 (28)
13.00%Secured Debt(8)— — 4,829 47,792 73 — 47,865 
Preferred Equity(8)— 399 427 22,686 399 215 22,870 
Volusion, LLC10.00%Secured Debt(8)— — 159 2,100 — — 2,100 
Preferred Member Units(8)— — — — — — — 
Preferred Member Units(8)22 (1,627)— 7,003 22 3,356 3,669 
Preferred Member Units(8)— — — — — — — 
Common Stock(8)— — — — — — — 
Ziegler’s NYPD, LLC12.00%Secured Debt(8)— — 3 — 150 — 150 
12.00%Secured Debt(8)— (63)160 1,750 — 64 1,686 
Preferred Member Units(8)— (190)— 320 — 190 130 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
Warrants(8)— — — — — — — 
Other Controlled Investments
2717 MH, L.P.LP Interests (2717 MH, L.P.)(8)$5,466 $(4,836)$— $8,818 $4,046 $11,069 $1,795 
LP Interests (2717 HPP-MS, L.P.)(8)— 64 — 383 64 — 447 
LP Interests (2717 GRE-LP, L.P.)(8)— — — 441 — — 441 
HPEP 423 COR, LPLP Interests (423 COR, L.P.)(8)— 1,057 — 4,187 1,057 — 5,244 
American Nuts, LLCPreferred Equity(9)— (2,840)— — 8,970 2,840 6,130 
12.94%SF+8.50%12.94%Secured Debt(9)— — 506 — 7,906 — 7,906 
12.94%SF+8.50%12.94%Secured Debt(9)— — 506 — 7,906 — 7,906 
Analytical Systems Keco Holdings, LLCSecured Debt(8)— — — — — — — 
14.50%Secured Debt(8)— — 509 4,048 9 150 3,907 
Preferred Member Units(8)— — — — — — — 
Preferred Member Units(8)— 270 — 5,300 270 — 5,570 
Warrants(8)— — — — — — — 
ASC Interests, LLC13.00%Secured Debt(8)— — 40 400 — — 400 
13.00%Secured Debt(8)— (161)157 1,598 — 235 1,363 
Preferred Member Units(8)— — — — — — — 
Member Units(8)— — — — — — — 
ATS Workholding, LLCSecured Debt(9)(1,897)2,261 — 113 2,324 2,437 — 
Secured Debt(9)(2,842)2,698 — 143 2,698 2,841 — 
Preferred Member Units(9)(3,726)3,726 — — 3,726 3,726 — 
Barfly Ventures, LLC7.00%Secured Debt (12)(5)— — 37 711 — — 711 
Member Units(5)— 950 1,103 5,860 950 — 6,810 
Batjer TopCo, LLCSecured Debt (12)(8)— — 12 446 1 450 (3)
Secured Debt (12)(8)— — 15 270 — 270 — 
10.00%Secured Debt(8)— — 838 10,529 18 630 9,917 
Preferred Stock(8)— 3,590 587 5,160 3,590 — 8,750 
Bolder Panther Group, LLC11.57%SF+7.26%Secured Debt(9)— (102)9,032 101,643 102 699 101,046 
10.81%SF+6.50%Secured Debt(9)— 4 166 — 6,000 3,000 3,000 
8.00%Class B Preferred Member Units(9)— 670 2,479 30,520 670 — 31,190 
Secured Debt(9)— — 93 — — — — 
Bridge Capital Solutions CorporationPreferred Member Units(6)— — — — — — — 
Warrants(6)— — — — — — — 
Warrants(6)— — — — — — — 
CBT Nuggets, LLCMember Units(9)— (580)1,647 49,540 — 580 48,960 
Centre Technologies Holdings, LLCSF+8.00%Secured Debt (12)(8)— — 9 — — — — 
12.41%SF+8.00%Secured Debt(8)— (12)2,599 25,534 12 1,082 24,464 
Preferred Member Units(8)— 8,810 90 12,410 8,810 — 21,220 
Chamberlin Holding LLCSF+6.00%Secured Debt (12)(8)— (67)74 — 67 67 — 
12.49%SF+8.00%Secured Debt(8)— 9 1,679 15,620 4,800 — 20,420 
Member Units(8)— (40)5,884 33,110 — 40 33,070 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
Member Units(8)— 220 69 3,550 220 — 3,770 
Charps, LLC14.00%Unsecured Debt(5)— (75)671 5,694 75 75 5,694 
Preferred Member Units(5)— (310)536 15,580 — 310 15,270 
Colonial Electric Company LLCSecured Debt (12)(6)— — 6 — — — — 
12.00%Secured Debt(6)— (28)1,131 14,310 28 5,559 8,779 
Preferred Member Units(6)— 850 3,270 13,570 850 — 14,420 
Copper Trail Fund InvestmentsLP Interests (CTMH, LP)(9)— — — 500 15 — 515 
Digital Products Holdings LLC14.31%SF+10.00%Secured Debt(5)— — 1,347 12,422 33 660 11,795 
Preferred Member Units(5)— — 150 9,835 — — 9,835 
Doral Holdings, LLCPreferred Equity(5)— — — — 13,000 — 13,000 
Secured Debt(5)— — — — — — — 
13.00%Secured Debt(5)— — 2,042 — 29,229 — 29,229 
Elgin AcquireCo, LLCSF+6.00%Secured Debt(5)— — 7 (5)2 — (3)
12.00%Secured Debt(5)— — 1,646 17,969 30 774 17,225 
9.00%Secured Debt(5)— — 423 6,207 2 40 6,169 
Common Stock(5)— (630)— 5,730 — 630 5,100 
Common Stock(5)— 170 — 3,050 170 — 3,220 
Flame King Holdings, LLCPreferred Equity(9)— 3,450 7,873 35,920 12,200 — 48,120 
12.00%Secured Debt(9)— 617 2,759 — 66,000 — 66,000 
Harrison Hydra-Gen, Ltd.Common Stock(8)— 260 — 7,010 260 — 7,270 
JTI Electrical & Mechanical, LLCSF+6.25%Secured Debt(9)(466)— — 7,977 — 7,977 — 
SF+6.25%Secured Debt(9)(5,765)— — 33,879 — 33,879 — 
SF+6.25%Secured Debt(9)(537)— — 3,176 — 3,176 — 
10.45%SF+6.00%10.45%Secured Debt(9)— — 387 — 35,637 225 35,412 
15.00%15.00%Secured Debt(9)— — — — 6,205 — 6,205 
9.45%SF+5.00%Secured Debt(9)— — 61 — 6,316 — 6,316 
Common Equity(9)— (842)— — 842 842 — 
JorVet Holdings, LLC12.00%Secured Debt(9)— — 2,157 23,216 35 — 23,251 
Preferred Equity(9)— (850)728 13,180 — 850 12,330 
KBK Industries, LLCMember Units(5)— (4,950)2,900 25,180 — 4,950 20,230 
Secured Debt(5)— (24)130 3,700 — 3,700 — 
9.50%Secured Debt(5)— 41 370 — 9,400 1,600 7,800 
Kickhaefer Manufacturing Company, LLC12.00%Secured Debt(5)— — 1,248 14,987 6 1,600 13,393 
9.00%Secured Debt(5)— — 267 3,926 1 36 3,891 
Preferred Equity(5)— 3,690 — 12,240 3,690 — 15,930 
Member Units(5)— 50 78 2,710 50 — 2,760 
Metalforming Holdings, LLCSecured Debt (12)(7)— 1 18 (11)11 — — 
8.75%Secured Debt(7)— 73 1,408 20,844 117 3,173 17,788 
8.00%8.00%Preferred Equity(7)— (481)849 6,397 — 481 5,916 
Common Stock(7)— 2,630 1,105 6,850 2,630 — 9,480 
Moffitt Holdings, LLC13.00%Secured Debt(8)— — 1,167 — 34,695 438 34,257 
Preferred Equity(8)— 1,260 — — 15,560 — 15,560 
MS Private Loan Fund I, LP7.31%SF+3.00%Secured Debt (12)(8)— — 334 1,600 16,920 9,820 8,700 
LP Interests (12)(8)— (202)1,152 14,034 — 202 13,832 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
MS Private Loan Fund II, LPSF+3.00%Secured Debt (12)(8)— — 50 (59)1,818 1,850 (91)
LP Interests (12)(8)— 170 773 7,843 1,721 — 9,564 
MSC Income Fund, Inc.Common Equity(8)— (3,803)1,507 16,810 5,326 3,803 18,333 
MVI MSO, LLC (Milford Vascular)13.00%Secured Debt(6)— — 873 — 9,763 — 9,763 
Preferred Equity(6)— 2,070 118 — 4,770 — 4,770 
NAPCO Precast, LLCMember Units(8)— 2,110 1,867 9,050 2,110 — 11,160 
Member Units(8)— 1,945 — — 2,760 — 2,760 
Nello Industries Investco, LLCSF+6.50%Secured Debt(5)— — 16 (16)16 — — 
12.50%Secured Debt(5)— — 2,856 26,959 2,493 — 29,452 
Preferred Stock(5)231 5,623 1,751 15,560 5,854 1,154 20,260 
NexRev LLCSecured Debt(8)— — — — — — — 
Secured Debt(8)— (9)151 9,811 9 9,820 — 
Preferred Member Units(8)— 350 453 11,910 350 — 12,260 
NuStep, LLC10.91%SF+6.50%Secured Debt(5)— — 278 3,600 — 1,400 2,200 
12.00%Secured Debt(5)— — 1,679 18,439 1 — 18,440 
Preferred Member Units(5)— 650 — 11,550 650 — 12,200 
Preferred Member Units(5)— — — 6,000 — — 6,000 
Orttech Holdings, LLCSF+11.00%Secured Debt (12)(5)— — — — — — — 
15.41%SF+11.00%Secured Debt(5)— (35)2,535 21,960 35 1,235 20,760 
Preferred Stock(5)— — 180 13,450 — — 13,450 
Pinnacle TopCo, LLCSecured Debt (12)(8)— (2)8 — 2 2 — 
13.00%Secured Debt(8)— (47)2,826 28,640 47 847 27,840 
Preferred Equity(8)— 1,280 1,392 18,360 1,280 — 19,640 
PPL RVs, Inc.SF+7.00%Secured Debt(8)— (1)1 — 1 1 — 
11.48%SF+7.00%Secured Debt(8)— (35)1,402 16,456 35 1,300 15,191 
Common Stock(8)— 1,140 418 17,110 1,140 — 18,250 
Common Stock(8)— 61 — 514 61 — 575 
River Aggregates, LLCMember Units(8)— 60 — 9,530 60 — 9,590 
Tedder Industries, LLC12.00%12.00%Secured Debt(9)— 222 — 1,646 — 736 910 
12.00%12.00%Secured Debt(9)— (1,040)— 3,603 — 1,039 2,564 
Preferred Member Units(9)— — — — — — — 
Preferred Member Units(9)— — — — — — — 
Preferred Member Units(9)— — — — — — — 
Televerde, LLCMember Units(8)— 570 298 4,252 570 — 4,822 
Preferred Stock(8)— — — 1,794 — — 1,794 
VVS Holdco LLCSF+6.00%Secured Debt(5)— — 12 — — — — 
11.50%Secured Debt(5)— — 2,222 25,661 42 1,280 24,423 
Preferred Equity(5)— — 99 12,240 — — 12,240 
Other
Amounts related to investments transferred to or from other 1940 Act classification during the period6,769 5,297 171 (80,952)— — — 
Total Control investments$(12,964)$57,016 $176,481 $2,087,890 $472,328 $224,996 $2,416,174 
Affiliate Investments
423 HAR, LPLP Interests (423 HAR, L.P.)(8)$— $— $45 $1,226 $— $— $1,226 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
AAC Holdings, Inc.Secured Debt(7)(139)3 — 609 — 609 — 
Secured Debt(7)(3,303)80 — 17,365 — 17,365 — 
Preferred Equity(7)— (2,470)— — 8,520 2,470 6,050 
10.00%10.00%Secured Debt(7)— — — — 3,109 — 3,109 
12.00%12.00%Secured Debt(7)— — — — 3,109 — 3,109 
Common Stock(7)— — — — — — — 
Warrants(7)— — — — — — — 
10.00%10.00%Secured Debt (12)(7)— — 34 — 814 — 814 
Boccella Precast Products LLC10.00%Secured Debt(6)— 55 22 266 55 65 256 
Member Units(6)— 1,510 479 310 1,510 — 1,820 
Buca C, LLC15.00%15.00%Secured Debt(7)— — — — — — — 
6.00%6.00%Preferred Member Units(7)— — — — — — — 
15.00%15.00%Secured Debt(7)— — — — — — — 
15.00%15.00%Secured Debt(7)— (458)— — 458 458 — 
Career Team Holdings, LLCSF+6.00%Secured Debt (12)(6)— — 106 887 — 928 (41)
13.00%Secured Debt(6)— — 2,140 19,364 2,370 203 21,531 
Common Stock(6)— (36)— 4,740 666 36 5,370 
Classic H&G Holdings, LLCPreferred Member Units(6)— (890)— 2,850 — 890 1,960 
Congruent Credit Opportunities FundsLP Interests (Congruent Credit Opportunities Fund III, LP)(8)— (78)69 2,276 — 1,614 662 
Connect Telecommunications Solutions Holdings, Inc.13.00%Secured Debt(6)— — 2,649 27,315 62 2,521 24,856 
Preferred Equity(6)— — — 12,596 — — 12,596 
DMA Industries, LLC12.00%Secured Debt(7)— 56 1,513 16,722 78 2,400 14,400 
Preferred Equity(7)— 2,490 — 5,944 2,490 — 8,434 
12.00%Secured Debt(7)— 4 52 555 5 — 560 
15.00%15.00%Preferred Equity(7)— 1,290 377 3,240 1,667 — 4,907 
Dos Rios PartnersLP Interests (Dos Rios Partners, LP)(8)— 150 — 7,708 150 139 7,719 
LP Interests (Dos Rios Partners - A, LP)(8)— 48 — 2,447 48 44 2,451 
Dos Rios Stone Products LLCClass A Preferred Units(8)— — — — — — — 
EIG Fund InvestmentsLP Interests (EIG Global Private Debt Fund-A, L.P.)(8)(2)— 5 369 — 332 37 
FCC Intermediate Holdco, LLC13.00%Secured Debt(5)— 2,949 3,894 29,109 3,691 1,230 31,570 
Warrants(5)— 4,300 750 10,840 4,300 — 15,140 
Freeport Financial SBIC Fund LPLP Interests (Freeport Financial SBIC Fund LP)(5)— (347)— 2,190 — 347 1,843 
LP Interests (Freeport First Lien Loan Fund III LP)(5)— (82)— 1,263 — 1,070 193 
FRG AcquireCo, LLCSecured Debt (12)(7)— — 1 — — 20 (20)
13.00%Secured Debt(7)— — 246 — 10,397 — 10,397 
Preferred Equity(7)— — — — 3,500 — 3,500 
GFG Group, LLCSecured Debt(5)— (21)185 8,185 — 8,185 — 
Secured Debt(5)— — 185 — — — — 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
8.00%Secured Debt(5)— 6 347 — 14,053 — 14,053 
Preferred Member Units(5)— 400 727 10,540 400 — 10,940 
Gulf Manufacturing, LLCSF+7.62%Secured Debt(8)— (42)26 — 7 41 (34)
11.94%SF+7.62%Secured Debt(8)— (325)3,523 39,000 69 1,825 37,244 
Member Units(8)— (130)500 14,730 — 130 14,600 
Common Stock(8)— 562 — 888 562 — 1,450 
Hawk Ridge Systems, LLC10.48%SF+6.00%Secured Debt(9)— (1)254 2,645 4,725 5,200 2,170 
12.00%Secured Debt(9)— (41)4,293 45,256 41 41 45,256 
Preferred Member Units(9)— 4,300 — 20,260 4,300 — 24,560 
Preferred Member Units(9)— 220 — 1,070 220 — 1,290 
Houston Plating and Coatings, LLC10.00%Unsecured Convertible Debt(8)— 60 227 2,940 60 — 3,000 
Member Units(8)— 420 180 3,930 420 — 4,350 
HPEP 3, L.P.LP Interests (HPEP 3, L.P.) (12)(8)— 194 — 4,472 194 534 4,132 
LP Interests (HPEP 3, L.P.) (12)(8)— 519 — 5,861 1,396 — 7,257 
Independent Pet Partners Intermediate Holdings, LLCCommon Equity(6)— (1,390)— 20,390 — 1,390 19,000 
Infinity X1 Holdings, LLCSecured Debt(9)— (96)683 15,050 — 15,050 — 
Preferred Equity(9)— (2,460)1,155 9,080 — 2,460 6,620 
13.00%Secured Debt(9)— 12 864 — 16,372 848 15,524 
Integral Energy Services12.05%SF+7.50%Secured Debt(8)— (98)1,230 12,728 42 740 12,030 
10.00%10.00%Preferred Equity(8)— 55 20 452 75 — 527 
Common Stock(8)— 140 — 550 140 — 690 
10.00%10.00%Preferred Equity(8)— 76 — — 190 — 190 
Iron-Main Investments, LLC13.00%Secured Debt(5)— — 450 4,493 5 — 4,498 
13.00%Secured Debt(5)— — 293 2,927 3 — 2,930 
13.00%Secured Debt(5)— — 882 8,944 — — 8,944 
13.00%Secured Debt(5)— — 1,756 17,542 20 — 17,562 
13.00%Secured Debt(5)— — 1,000 9,638 54 287 9,405 
Common Stock(5)— (150)— 2,850 — 150 2,700 
25.00%25.00%Preferred Equity(5)— 210 — 760 210 — 970 
25.00%25.00%Preferred Equity(5)— — — — 155 — 155 
ITA Holdings Group, LLC11.46%SF+7.00%Secured Debt(8)— (3)114 1,180 3 3 1,180 
SF+Secured Debt(8)— (12)77 994 — 994 — 
11.46%SF+7.00%Secured Debt (12)(8)— 19 78 — 2,360 — 2,360 
11.46%SF+7.00%Secured Debt(8)— (200)614 4,438 697 200 4,935 
11.46%SF+7.00%Secured Debt(8)— (200)659 4,438 697 200 4,935 
11.46%SF+7.00%Secured Debt(8)— 6 64 — 1,770 — 1,770 
Warrants(8)— 7,790 1,969 5,690 7,790 — 13,480 
Johnson Downie Opco, LLC15.00%Secured Debt (12)(8)— (5)23 — 1,805 5 1,800 
15.00%Secured Debt(8)— (35)2,481 21,507 35 35 21,507 
Preferred Equity(8)— 8,980 2,554 14,550 8,980 — 23,530 
KMS, LLCSF+9.75%Secured Debt(5)(415)— — 663 — 663 — 
SF+9.75%Secured Debt(5)(3,037)1 — 4,779 — 4,779 — 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
SF+9.75%Secured Debt(5)— — — 450 — 450 — 
SF+9.75%Secured Debt(5)— — — 440 — 440 — 
SF+9.75%Secured Debt(5)— — — — — — — 
12.50%12.50%Secured Debt (12)(5)— — 105 — 1,145 — 1,145 
12.50%12.50%Secured Debt(5)— — 92 — 1,203 195 1,008 
Preferred Equity(5)— 250 — — 5,140 — 5,140 
Mills Fleet Farm Group, LLC9.78%SF+5.50%9.78%Secured Debt(5)— — 186 — 2,832 — 2,832 
9.70%SF+5.50%9.70%Secured Debt(5)— — 21 — 1,672 — 1,672 
Preferred Equity(5)— (2,389)829 13,840 829 2,389 12,280 
MoneyThumb Acquisition, LLC14.00%Secured Debt(9)— — 1,132 8,967 137 640 8,464 
12.00%12.00%Preferred Member Units(9)— — 160 1,707 160 — 1,867 
Warrants(9)— — — 594 — — 594 
Nebraska Vet AcquireCo, LLCSF+7.00%Secured Debt(5)— (7)10 — 7 7 — 
Preferred Member Units(5)55,646 (25,053)5,694 32,040 55,647 87,687 — 
Secured Debt(5)— (115)3,143 62,200 115 62,315 — 
Secured Debt(5)— (171)193 4,650 2,771 7,421 — 
OnAsset Intelligence, Inc.12.00%12.00%Secured Debt(8)— — — 99 — — 99 
12.00%12.00%Secured Debt(8)— — — 102 — 2 100 
12.00%12.00%Secured Debt(8)— — — 218 — — 218 
12.00%12.00%Secured Debt(8)— — — 456 — 1 455 
10.00%10.00%Unsecured Debt(8)— — — 305 — — 305 
7.00%7.00%Preferred Stock(8)— — — — — — — 
Common Stock(8)— — — — — — — 
Warrants(8)— — — — — — — 
Oneliance, LLCPreferred Stock(7)— 690 57 2,580 690 — 3,270 
RA Outdoors (Aspira) LLC11.25%SF+6.75%11.25%Secured Debt(8)— (148)120 1,257 82 189 1,150 
11.25%SF+6.75%11.25%Secured Debt(8)— (1,553)1,240 13,155 842 1,972 12,025 
SF+6.75%Secured Debt (12)(8)— — — — — — — 
SF+6.75%Secured Debt(8)— — — — — — — 
Common Equity(8)— — — — — — — 
Revenue Recovery Holdings, LLCSecured Debt (12)(7)— — 3 — — 19 (19)
14.00%Secured Debt(7)— — 414 — 8,927 1,300 7,627 
Preferred Equity(7)— — — — 1,049 — 1,049 
RFG AcquireCo, LLCSecured Debt (12)(7)— — 3 — — 8 (8)
Secured Debt(7)— — — — — — — 
12.50%Secured Debt(7)— — 2,143 — 33,683 — 33,683 
Preferred Equity(7)— — — — 11,401 — 11,401 
SI East, LLC11.85%Secured Debt (12)(7)— (3)219 2,250 3 3 2,250 
12.78%Secured Debt(7)— 39 6,575 67,661 — 626 67,035 
Preferred Member Units(7)— 630 313 13,660 630 — 14,290 
Slick Innovations, LLCSecured Debt(6)— (139)510 16,320 — 16,320 — 
14.00%Secured Debt(6)— 246 2,297 — 25,880 800 25,080 
Common Stock(6)— (450)873 2,440 — 450 1,990 
Specialized Aviation Holdings, LLC13.00%Secured Debt(7)— — 967 — 29,710 — 29,710 
CompanyTotal RateBase RateSpreadPIK RateType of Investment
(1) (10) (11)		GeographyAmount of
Realized
Gain/(Loss)		Amount of
Unrealized
Gain/(Loss)		Amount of
Interest,
Fees or
Dividends
Credited to
Income (2)		December 31,
2024 Fair Value (13)		Gross
Additions (3)		Gross
Reductions (4)		September 30,
2025 Fair Value (13)
Preferred Stock(7)— — 16 — 15,000 — 15,000 
Student Resource Center, LLC8.50%8.50%Secured Debt(6)— (298)— 1,644 — 298 1,346 
Preferred Equity(6)— — — — — — — 
8.50%8.50%Secured Debt(6)— 558 13 204 570 — 774 
Superior Rigging & Erecting Co.Preferred Member Units(7)— 6,190 — 10,530 6,190 — 16,720 
The Affiliati Network, LLC10.00%Secured Debt (12)(9)— — 63 394 6,163 6,000 557 
10.00%Secured Debt(9)— (11)434 5,053 10 411 4,652 
Preferred Stock(9)— — 179 6,400 — — 6,400 
Preferred Stock(9)— — — 287 26 — 313 
UnionRock Energy Fund II, LPLP Interests (12)(9)— (134)— 4,732 — 604 4,128 
UnionRock Energy Fund III, LPLP Interests (12)(9)— (405)120 5,612 447 897 5,162 
UniTek Global Services, Inc.Secured Convertible Debt(6)3,763 (2,384)41 5,642 505 6,147 — 
Secured Convertible Debt(6)1,743 (1,155)21 2,663 235 2,898 — 
Preferred Stock(6)— — 104 3,181 1,633 4,814 — 
20.00%20.00%Preferred Stock(6)— (788)— 4,272 5,116 — 9,388 
19.00%19.00%Preferred Stock(6)— — — — — — — 
13.50%13.50%Preferred Stock(6)— — — — — — — 
Common Stock(6)— — — — — — — 
Urgent DSO LLC13.50%Secured Debt(5)— — 914 8,727 13 — 8,740 
9.00%9.00%Preferred Equity(5)— — 294 4,320 294 — 4,614 
Wildcats Topco LLC (NVS Heritage)Common Equity(5)— 333 9 — 22,760 — 22,760 
World Micro Holdings, LLC11.00%Secured Debt(7)— — 862 10,702 20 878 9,844 
Preferred Equity(7)— — 308 3,845 — — 3,845 
Other
Amounts related to investments transferred to or from other 1940 Act classification during the period3,453 3,450 1,436 29,588 — — — 
Total Affiliate investments$57,709 $4,518 $71,908 $846,798 $358,386 $282,682 $892,914 
___________________________
(1)The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q.
(2)Represents the total amount of interest, dividends and fees credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred to or from other 1940 Act classifications during the period.”
(3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category.
(4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category.
(5)Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $589,459. This represented 20.1% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $181,094. This represented 6.2% of net assets as of September 30, 2025.
(6)Portfolio company located in the Northeast region and Canada as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $158,589. This represented 5.4% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $125,926. This represented 4.3% of net assets as of September 30, 2025.
(7)Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $72,101. This represented 2.5% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $270,957. This represented 9.2% of net assets as of September 30, 2025.
(8)Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $1,043,897. This represented 35.6% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $187,380. This represented 6.4% of net assets as of September 30, 2025.
(9)Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of September 30, 2025 for Control investments located in this region was $552,128. This represented 18.8% of net assets as of September 30, 2025. The fair value as of September 30, 2025 for Affiliate investments located in this region was $127,557. This represented 4.3% of net assets as of September 30, 2025.
(10)All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted.
(11)This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs.
(12)Investment has an unfunded commitment as of September 30, 2025 (see Note K — Commitments and Contingencies). The fair value of the investment includes the impact of the fair value of any unfunded commitments.
(13)Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan.