0001193125-26-211878 | 10-Q | XBRL Viewer

[1]	Based on weighted average number of common shares outstanding-basic for the period.
[2]	Includes the effect of the Purchase Accounting as a result of asset acquisitions. Please refer to Note 2 — "Significant Accounting Policies" and Note 11 — "LRFC Acquisition" for additional information on Purchase Accounting for the LRFC Acquisition.
[3]	Includes the accretive (dilutive) effects of the share issuance (at net asset value or in accordance with the DRIP).
[4]	Total net asset value return (not annualized) equals the change in the net asset value per share over the period plus distributions (including any return of capital), divided by the beginning net asset value per share.
[5]	Total market return (not annualized) equals the change in market price, per share during the period plus distributions, divided by the beginning market price per share.
[6]	Portfolio turnover rate equals the lesser of year-to-date sales and paydowns over the average of the invested assets at fair value.

Distributable Taxable Income

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Distributable Taxable Income

7. DISTRIBUTABLE TAXABLE INCOME

Effective December 11, 2006, the Company elected to be treated as a RIC under the Code and adopted a December 31 tax-calendar year end. As a RIC, the Company is not subject to federal income tax on the portion of its taxable income and gains distributed currently to its stockholders as a dividend. The Company’s distributions, if any, are determined by the Board. The Company anticipates distributing substantially all of its net investment income, within the Subchapter M rules, and thus the Company anticipates that it will not incur any federal or state income tax at the RIC level. As a RIC, the Company is also subject to a federal excise tax based on distributive requirements of its taxable income on a calendar year basis. Depending on the level of taxable income earned in a tax year, the Company may choose to carry forward taxable income in excess of current year distributions into the next tax year and pay a 4% excise tax on such income, to the extent required.

The Company may distribute taxable dividends that are payable in cash or shares of its common stock at the election of each stockholder. Under certain applicable provisions of the Code and the Treasury regulations, distributions payable in cash or in shares of stock at the election of stockholders are treated as taxable dividends. The Internal Revenue Service has published guidance with respect to publicly offered RICs indicating that this rule will apply even where the total amount of cash that may be distributed is limited to no more than 20% of the total distribution. Under this guidance, if too many stockholders elect to receive their distributions in cash, the cash available for distribution must be allocated among the stockholders electing to receive cash (with the balance of the distribution paid in stock). If the Company decides to make any distributions consistent with this guidance that are payable in part in its stock, taxable stockholders receiving such dividends will be required to include the full amount of the dividend (whether received in cash, shares of the Company’s stock, or a combination thereof) as ordinary income (or as long-term capital gain to the extent such distribution is properly reported as a capital gain dividend) to the extent of the Company’s current and accumulated earnings and profits for U.S. federal income tax purposes. As a result, a U.S. stockholder may be required to pay tax with respect to such dividends in excess of any cash received. If a U.S. stockholder sells the stock it receives in order to pay this tax, the sales proceeds may be less than the amount included in income with respect to the dividend, depending on the market price of the Company’s stock at the time of the sale. Furthermore, with respect to non-U.S. stockholders, the Company may be required to withhold U.S. tax with respect to such dividends, including in respect of all or a portion of such dividend that is payable in stock. In addition, if a significant number of the Company’s stockholders determine to sell shares of its stock in order to pay taxes owed on dividends, it may put downward pressure on the trading price of the Company’s stock.

The following reconciles net increase (decrease) in net assets resulting from operations to taxable income for the three months ended March 31, 2026 and 2025.


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Net increase (decrease) in net assets resulting from operations	$	(10,173	)	$	(82	)
Tax (benefit) provision on realized and unrealized gains (losses) on investments		403			346
Net change in unrealized (appreciation) depreciation on investments		14,638			3,903
Net realized gain (loss) on investments		2,022			173
Book/tax differences on CLO equity investments		—			144
Book/tax differences related to mergers and partnership investments		(2,676	)		(16	)
Other book/tax differences		(129	)		246
Taxable income before deductions for distributions	$	4,085		$	4,714
Taxable income before deductions for distributions per weighted average shares for the period - Basic and Diluted	$	0.33		$	0.51

Dividends from Asset Manager Affiliates are recorded based upon a quarterly estimate of tax-basis earnings and profits of each Asset Manager Affiliate. Distributions in excess of the estimated tax-basis quarterly earnings and profits of each distributing Asset Manager Affiliate are recognized as tax-basis return of capital. The actual tax-basis earnings and profits and resulting dividend and/or return of capital for the year will be determined at the end of the tax year for each distributing Asset Manager Affiliate. For the three months ended March 31, 2026, the Asset Manager Affiliates did not make any cash distributions to the Company.

Distributions to shareholders that exceed tax-basis distributable income (tax-basis net investment income and realized gains, if any) are reported as distributions of paid-in capital (i.e. return of capital). The tax character of distributions is made on an annual (full calendar-year) basis. The determination of the tax attributes of our distributions is made at the end of the year based upon our taxable income for the full year and the distributions paid during the full year. Therefore, a determination of tax attributes made on a quarterly basis may not be representative of the actual tax attributes of distributions for a full year.

As of March 31, 2026 and December 31, 2025, the Company had a net capital loss carryforward of $532.8 million and $528.8 million, respectively, to offset net capital gains and is not subject to expiration. A portion of the Company’s capital loss carryovers are subject to an annual use limitation under the Code and related regulations.

The Company has certain taxable subsidiaries which have elected to be taxed as corporations for U.S. tax purposes. The Company’s taxable subsidiaries record deferred tax assets or liabilities related to temporary book versus tax differences on the income or loss generated by the underlying equity investments held by the taxable subsidiaries. For the three months ended March 31, 2026 and March 31, 2025, the taxable subsidiaries’ activity resulted in an expense for income taxes of $0.4 million and an expense for income taxes of $0.3 million, respectively. As of March 31, 2026 and December 31, 2025, the taxable subsidiaries had, in aggregate, $0.7 million of net deferred tax assets and $1.1 million of net deferred tax assets, respectively. A portion of the taxable subsidiaries’ net operating loss and capital loss carryovers are subject to an annual use limitation under the Code and related regulations.

ASC Topic 740: Accounting for Uncertainty in Income Taxes (“ASC 740”) provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the consolidated financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. Management has analyzed the Company’s tax

positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years (the last three fiscal years) or expected to be taken in the Company’s current year tax return. The Company identifies its major tax jurisdictions as U.S. Federal and New York State, and the Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an ongoing analysis of tax laws, regulations and interpretations thereof.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S50
-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
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-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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-Name Accounting Standards Codification
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-Paragraph 12C
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 270
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 14
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Investments - Summary of Investments in CLO Fund Securities (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 556,390

^{[1],[2],[3],[4],[5],[6]}

$ 565,839

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 476,888

^{[1],[2],[3],[4],[5],[6]}

$ 500,975

^{[7],[8],[9],[10],[11],[12]}

Percentage Ownership

247.10%

^{[1],[2],[3],[4],[5],[6]}

239.50%

^{[7],[8],[9],[10],[11],[12]}

CLO Fund Securities | Collateralized Loan Obligations

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,381

Fair Value

1,690

1,789

CLO Fund Securities | Collateralized Loan Obligations | Catamaran CLO 2014-1 Ltd.

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

Fair Value

$ 0

Percentage Ownership

^[13]

22.20%

CLO Fund Securities | Collateralized Loan Obligations | Catamaran CLO 2018-1 Ltd.

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 112

Fair Value

$ 0

$ 112

Percentage Ownership

^[13]

24.80%

CLO Fund Securities | Collateralized Loan Obligations | Dryden 30 Senior Loan Fund

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 0

Fair Value

$ 0

Percentage Ownership

^[13]

6.80%

CLO Fund Securities | Collateralized Loan Obligations | JMP Credit Advisors CLO IV Ltd.

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 230

Fair Value

$ 87

$ 121

Percentage Ownership

^[13]

81.70%

CLO Fund Securities | Collateralized Loan Obligations | JMP Credit Advisors CLO V Ltd.

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,039

Fair Value

$ 1,603

$ 1,556

Percentage Ownership

^[13]

81.70%

Equity Securities

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 48,243

$ 44,413

Fair Value

$ 45,949

$ 39,193

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.
[13]	Represents percentage of class held as of March 31, 2026 and December 31, 2025, respectively.

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Non-recurring fee income received	$ 0.6	$ 0.2

Consolidated Statements of Cash Flows $ in Thousands	3 Months Ended
Consolidated Statements of Cash Flows $ in Thousands	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)
OPERATING ACTIVITIES:
Net increase (decrease) in net assets resulting from operations	$ (10,173)	$ (82)
Adjustments to reconcile net increase (decrease) in stockholders' equity resulting from operations to net cash (used in) provided by operations:
Net realized (gains) losses on investment transactions	2,022	173
Net change in unrealized (appreciation) depreciation from investments	14,638	3,903
Tax provision (benefit) on realized and unrealized gains (losses) on investments	403	346
Purchases of investments	(13,257)	(17,504)
Proceeds from sales and redemptions of investments	28,322	15,660
Net accretion of investments	(4,148)	(777)
Amortization of debt issuance costs	463	309
Payment-in-kind interest income	(3,490)	(2,857)
Change in operating assets and liabilities:
(Increase) decrease in interest receivable	2,002	1,301
(Increase) decrease in receivable for unsettled trades	(1,570)	0
(Increase) decrease in dividend receivable	42	120
(Increase) decrease in other assets	294	(1,607)
Increase (decrease) in accrued interest payable	2,384	988
Increase (decrease) in management and incentive fees payable	2,578	(327)
Increase (decrease) in due to affiliates	0	(635)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	1,053	1,547
Net cash (used in) provided by operating activities	21,563	558
FINANCING ACTIVITIES:
Repurchases of common stock	(2,064)	0
Distributions to stockholders	(3,914)	(4,900)
Net cash (used in) provided by financing activities	23,967	(17,000)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	45,530	(16,442)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	12,503	39,953
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	58,033	23,511
Amounts per statements of assets and liabilities:
Cash and cash equivalents	51,824	9,233
Restricted cash	6,209	14,278
Total Cash, Cash Equivalents and Restricted cash	58,033	23,511
Supplemental Information and non-cash activities:
Cash paid for interest during the period	2,991	3,001
Reinvestment of distributions	44	67
2028 Notes
Adjustments to reconcile net increase (decrease) in stockholders' equity resulting from operations to net cash (used in) provided by operations:
Amortization of debt issuance costs	29
2030 Notes
Adjustments to reconcile net increase (decrease) in stockholders' equity resulting from operations to net cash (used in) provided by operations:
Amortization of debt issuance costs	34
FINANCING ACTIVITIES:
Borrowings/Proceeds from issuance of notes	50,000	0
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility
Adjustments to reconcile net increase (decrease) in stockholders' equity resulting from operations to net cash (used in) provided by operations:
Amortization of debt issuance costs	125	124
FINANCING ACTIVITIES:
Repayment of Revolving Credit Facilities	(27,620)	(12,100)
KeyBank Credit Facility
Adjustments to reconcile net increase (decrease) in stockholders' equity resulting from operations to net cash (used in) provided by operations:
Amortization of debt issuance costs	61
FINANCING ACTIVITIES:
Repayment of Revolving Credit Facilities	(3,935)	0
Borrowings from Credit Facility	$ 11,500	$ 0

Stockholders' Equity

3 Months Ended

Mar. 31, 2026

Stockholders' Equity Note [Abstract]

Stockholders' Equity

9. STOCKHOLDERS’ EQUITY

The following tables detail the components of Stockholders’ Equity for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31, 2026
($ in thousands)	Common Stock			Capital in Excess of Par Value			Total Distributable (loss) earnings			Total Stockholders’ Equity
Balance, December 31, 2025	$	125		$	811,111		$	(602,080	)	$	209,156
Net investment income		—			—			6,890			6,890
Net change in unrealized appreciation (depreciation) on investments		—			—			(14,638	)		(14,638	)
Net realized gains (losses) from investment transactions and extinguishment of debt		—			—			(2,022	)		(2,022	)
Tax (provision) benefit on realized and unrealized gains (losses) on investments		—			—			(403	)		(403	)
Distributions to Stockholders		—			—			(3,958	)		(3,958	)
Reinvested Dividends		—			44			—			44
Stock repurchases		(1	)		(2,063	)		—			(2,064	)
Balance, March 31, 2026	$	124		$	809,092		$	(616,211	)	$	193,005


	For the Three Months Ended March 31, 2025
($ in thousands)	Common Stock		Capital in Excess of Par Value		Total Distributable (loss) earnings			Total Stockholders’ Equity
Balance, December 31, 2024	$	92	$	714,331	$	(535,930	)	$	178,493
Net investment income		—		—		4,340			4,340
Net change in unrealized appreciation on investments		—		—		(3,903	)		(3,903	)
Net realized gains (losses) from investment transactions and extinguishment of debt		—		—		(173	)		(173	)
Tax (provision) benefit on realized and unrealized gains (losses) on investments		—		—		(346	)		(346	)
Distributions to Stockholders		—		—		(4,967	)		(4,967	)
Reinvested Dividends		—		67		—			67
Balance, March 31, 2025	$	92	$	714,398	$	(540,979	)	$	173,511

On March 6, 2023, the Board of Directors of the Company authorized a renewed stock repurchase program of up to $10.0 million (the “2023 Stock Repurchase Program”), effective March 6, 2023 and terminating on March 31, 2024. Under this repurchase program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise subject to any agreement to which we are party including any restrictions in the indentures for our 2026 Notes, 2028 Notes, 2029 Notes, 2030 Notes and 2032 Convertible Notes. The terms and conditions of the 2023 Stock Repurchase Program are substantially similar to the prior stock repurchase program. The 2023 Stock Repurchase Program may be suspended or discontinued at any time. Subject to these restrictions, we will selectively pursue opportunities to repurchase shares which are accretive to net asset value per share. The timing and actual number of shares repurchased will depend on a variety of factors, including legal requirements, price, and economic and market conditions.

On March 11, 2024, the Board of Directors of the Company authorized a renewed stock repurchase program of up to $10.0 million (the “2024 Stock Repurchase Program”) for an approximately one-year period, effective March 11, 2024 and terminating on March 31, 2025. The terms and conditions of the 2024 Stock Repurchase Program are substantially similar to the 2023 Stock Repurchase Program. The 2024 Stock Repurchase Program may be suspended or discontinued at any time. Subject to these restrictions, we will selectively pursue opportunities to repurchase shares which are accretive to net asset value per share.

On March 12, 2025, the Board of Directors of the Company authorized a renewed stock repurchase program of up to $10.0 million (the “2025 Stock Repurchase Program”) for an approximately one-year period, effective March 12, 2025 and terminating on March 31, 2026. The terms and conditions of the 2025 Stock Repurchase Program are substantially similar to the prior 2024 Stock Repurchase Program. The 2025 Stock Repurchase Program may be suspended or discontinued at any time. Subject to these restrictions, we will selectively pursue opportunities to repurchase shares which are accretive to net asset value per share.

On March 4, 2026, the Board of Directors of the Company authorized a renewed stock repurchase program of up to $10.0 million (the “2026 Stock Repurchase Program”) for an approximately one-year period, effective March 4, 2026 and terminating on March 31, 2027. The terms and conditions of the 2026 Stock Repurchase Program are substantially similar to the prior 2025 Stock Repurchase Program. The 2026 Stock Repurchase Program may be suspended or discontinued at any time. Subject to these restrictions, we will selectively pursue opportunities to repurchase shares which are accretive to net asset value per share.

During the three months ended March 31, 2026 and 2025, the Company issued 6,088 and 4,695 shares, respectively, of common stock under its dividend reinvestment plan. The total number of shares of the Company’s common stock outstanding as of March 31, 2026 and December 31, 2025, was 12,375,787 and 12,541,858, respectively.

During the three months ended March 31, 2026, the Company repurchased 172,159 shares under the 2026 Stock Repurchase Program at an aggregate cost of $2.1 million and during the three months ended March 31, 2025, the Company did not repurchase shares under the 2024 Stock Repurchase Program or the 2025 Stock Repurchase Program.

- Definition

The entire disclosure for equity.

+ References

+ Details

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2026
Accounting Policies [Abstract]
Significant Accounting Policies	2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required for annual consolidated financial statements. The unaudited interim consolidated financial statements (“consolidated financial statements”) and notes thereto should be read in conjunction with the financial statements and notes thereto in the Company’s Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission (the “Commission” or the “SEC”). The Company is an investment company and follows accounting and reporting guidance in Accounting Standards Codification (“ASC”) 946 — Financial Services — Investment Companies (“ASC 946”). Certain prior year investment related disclosures have been reclassified to conform to the current period presentation. The consolidated financial statements reflect all adjustments, both normal and recurring which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented. Furthermore, the preparation of the consolidated financial statements requires the Company to make significant estimates and assumptions including with respect to the fair value of investments that do not have a readily available market value. Actual results could differ from those estimates, and the differences could be material. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for the full year. The Company consolidates the financial statements of its wholly-owned special purpose financing subsidiaries, including Great Lakes KCAP Funding I, LLC, Kohlberg Capital Funding LLC I, KCAP Senior Funding I, LLC, KCAP Senior Funding I Holdings, LLC, Great Lakes Portman Ridge Funding, LLC, Garrison Capital Equity Holdings VIII LLC, Garrison Capital Equity Holdings XI LLC, GIG Rooster Holdings I LLC, CapitalSouth Partners Fund II Limited Partnership, CapitalSouth Fund III, L.P. and Capitala Business Lending, LLC, in its consolidated financial statements as they are operated solely for investment activities of the Company. The creditors of Great Lakes Portman Ridge Funding, LLC received security interests in the assets which are owned by them and such assets are not intended to be available to the creditors of the Company or any other affiliate. The Company also consolidates various subsidiaries (PTMN Sub Holdings LLC, Garrison Capital Equity Holdings II, LLC, CPTA Master Blocker, Inc., and HCAP Equity Holdings, LLC) created primarily to provide specific tax treatment for the equity and other investments held by these entities. In accordance with Article 6 of Regulation S-X under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company does not consolidate portfolio company investments, including those in which it has a controlling interest. The determination of the tax character of distributions is made on an annual (full calendar year) basis at the end of the year based upon our taxable income for the full year and the distributions paid during the full year. Therefore, an estimate of tax attributes made on a quarterly basis may not be representative of the actual tax attributes of distributions for a full year. It is the Company’s primary investment objective to generate current income and capital appreciation by lending directly to privately-held middle market companies. During the three months ended March 31, 2026, the Company made approximately $13.3 million of investments and had approximately $28.3 million in repayments and sales, resulting in net repayments and sales of approximately $15.0 million for the period. During the three months ended March 31, 2025, the Company made approximately $17.5 million of investments and had approximately $15.7 million in repayments and sales, resulting in net deployment of approximately $1.8 million for the period. As of March 31, 2026, our portfolio consisted of investments in 108 portfolio companies with a fair value of approximately $476.9 million. As of December 31, 2025, our portfolio consisted of investments in 108 portfolio companies with a fair value of approximately $501.0 million. In addition to providing loans to portfolio companies, from time to time the Company assists portfolio companies in securing financing from other sources by introducing such portfolio companies to sponsors or by, among other things, leading a syndicate of lenders to provide the portfolio companies with financing. As of March 31, 2026, the debt investment portfolio (excluding our investments in the CLO Funds, equities and Joint Ventures) was spread across 33 different industries and 72 different portfolio companies with a fair value of approximately $384.1 million and average par balance per investment of approximately $3.3 million. As of December 31, 2025, the debt investment portfolio (excluding our investments in the CLO Funds, equities and Joint Ventures) was spread across 34 different industries and 74 different portfolio companies with a fair value of approximately $411.6 million and average par balance per investment of approximately $3.5 million. Recent Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (“ASU 2024-03”), which requires disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, amortization and depletion, within relevant income statement captions. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption and retrospective application is permitted. The Company is currently assessing the impact of this guidance, however, the Company does not expect a material impact on its consolidated financial statements. Investments Investment transactions are recorded on the applicable trade date. Realized gains or losses are determined using the specific identification method. Valuation of Portfolio Investments. The Board has designated the Adviser as its “valuation designee” pursuant to Rule 2a-5 under the 1940 Act, and in that role the Adviser is responsible for performing fair value determinations relating to all of the Company’s investments, including periodically assessing and managing any material valuation risks and establishing and applying fair value methodologies, in accordance with valuation policies and procedures that have been approved by the Board. The Board remains ultimately responsible for making fair value determinations under the 1940 Act and satisfies its responsibility through oversight of the valuation designee in accordance with Rule 2a-5. Debt and equity securities for which market quotations are readily available are generally valued at such market quotations. Debt and equity securities that are not publicly traded or whose market price is not readily available are valued by the Adviser based on detailed analyses prepared by management and, in certain circumstances, third parties with valuation expertise. Valuations are conducted by management on 100% of the investment portfolio at the end of each quarter. The Company follows the provisions of ASC 820: Fair Value Measurement (“ASC 820”). This standard defines fair value, establishes a framework for measuring fair value, and expands disclosures about assets and liabilities measured at fair value. ASC 820 defines “fair value” as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Adviser utilizes one or more independent valuation firms to provide third party valuation consulting services. Each quarter the independent valuation firms perform third party valuations of the Company’s investments in material illiquid securities such that they are reviewed at least once during a trailing 12-month period. These third-party valuation estimates are considered as one of the relevant data points in the Adviser’s determination of fair value. The Adviser may consider other methods of valuation than those set forth below to determine the fair value of Level III investments as appropriate in conformity with U.S. GAAP. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may differ materially from the values that would have been used had a readily available market existed for such investments. Further, such investments may be generally subject to legal and other restrictions on resale or otherwise be less liquid than publicly traded securities. In addition, changes in the market environment and other events may occur over the life of the investments that may cause the value realized on such investments to be different from the currently assigned valuations. The majority of the Company’s investment portfolio is composed of debt and equity securities with unique contract terms and conditions and/or complexity that requires a valuation of each individual investment that considers multiple levels of market and asset specific inputs, which may include historical and forecasted financial and operational performance of the individual investment, projected cash flows, market multiples, comparable market transactions, the priority of the security compared with those of other securities for such issuers, credit risk, interest rates, and independent valuations and reviews. Debt Securities. To the extent that the Company’s investments are liquid and are priced or have sufficient price indications from normal course trading at or around the valuation date (financial reporting date), such pricing will be used to determine the fair value of the investments. Valuations from third party pricing services may be used as an indication of fair value, depending on the volume and reliability of the valuation, sufficient and reasonable correlation of bid and ask quotes, and, most importantly, the level of actual trading activity. However, if the Company has been unable to identify directly comparable market indices or other market guidance that correlate directly to the types of investments the Company owns, the Company will determine fair value using alternative methodologies such as available market data, as adjusted, to reflect the types of assets the Company owns, their structure, qualitative and credit attributes and other asset-specific characteristics. The Company derives fair value for its illiquid investments that do not have indicative fair values based upon active trades primarily by using a present value technique that discounts the estimated contractual cash flows for the subject assets with discount rates imputed by broad market indices, bond spreads and yields for comparable issuers relative to the subject assets (the “Income Approach”). The Company also considers, among other things, recent loan amendments or other activity specific to the subject asset. Discount rates applied to estimated contractual cash flows for an underlying asset vary by specific investment, industry, priority and nature of the debt security (such as the seniority or security interest of the debt security) and are assessed relative to leveraged loan and high-yield bond indices, at the valuation date. The Company has identified these indices as benchmarks for broad market information related to its loan and debt securities. Because the Company has not identified any market index that directly correlates to the loan and debt securities held by the Company and therefore uses these benchmark indices, these market indices may require significant adjustment to better correlate such market data for the calculation of fair value of the investment under the Income Approach. Such adjustments require judgment and may be material to the calculation of fair value. Further adjustments to the discount rate may be applied to reflect other market conditions or the perceived credit risk of the borrower. When broad market indices are used as part of the valuation methodology, their use is subject to adjustment for many factors, including priority, collateral used as security, structure, performance and other quantitative and qualitative attributes of the asset being valued. The resulting present value determination is then weighted along with any quotes from observable transactions and broker/pricing quotes. If such quotes are indicative of actual transactions with reasonable trading volume at or near the valuation date that are not liquidation or distressed sales, relatively more reliance will be put on such quotes to determine fair value. If such quotes are not indicative of market transactions or are insufficient as to volume, reliability, consistency or other relevant factors, such quotes will be compared with other fair value indications and given relatively less weight based on their relevancy. Other significant assumptions, such as coupon and maturity, are asset-specific and are noted for each investment in the consolidated schedules of investments included herein. Equity Securities. The Company’s equity securities in portfolio companies for which there is no liquid public market are carried at fair value based on the enterprise value of the portfolio company, which is determined using various factors, including EBITDA (earnings before interest, taxes, depreciation and amortization) and discounted cash flows from operations, less capital expenditures and other pertinent factors, such as recent offers to purchase a portfolio company’s securities or other liquidation events. The determined fair values are generally discounted to account for restrictions on resale and minority ownership positions. In the event market quotations are readily available for the Company’s equity securities in public companies, those investments may be valued using the Market Approach (as defined below). In cases where the Company receives warrants to purchase equity securities, a market standard Black-Scholes model is utilized. The significant inputs used to determine the fair value of equity securities include prices, EBITDA and cash flows after capital expenditures for similar peer comparables and the investment entity itself. Equity securities are classified as Level III, when there is limited activity or less transparency around inputs to the valuation given the lack of information related to such equity investments held in nonpublic companies. Significant assumptions observed for comparable companies are applied to relevant financial data for the specific investment. Such assumptions, such as model discount rates or price/earnings multiples, vary by the specific investment, equity position and industry and incorporate adjustments for risk premiums, liquidity and company specific attributes. Such adjustments require judgment and may be material to the calculation of fair value. Derivatives. The Company recognizes all derivative instruments as assets or liabilities at fair value in its consolidated financial statements. Derivative contracts entered into by the Company are not designated as hedging instruments, and as a result the Company presents changes in fair value and realized gains or losses through current period earnings. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process. The derivatives may require the Company to pay or receive an upfront fee or premium. These upfront fees or premiums are carried forward as cost or proceeds to the derivatives. The Company generally records a realized gain or loss on the expiration, termination, or settlement of a derivative contract. The periodic payments for the securities Swap and Option Agreement (excluding collateral) are included as a realized gain or loss. The Company values derivative contracts using various pricing models that take into account the terms of the contract (including notional amount and contract maturity) and observable and unobservable inputs such as interest rates and changes in fair value of the reference asset. Asset Manager Affiliates. The Company sold all of its investment in the Disposed Manager Affiliates on December 31, 2018. Previously, the Company’s investments in its wholly-owned Asset Manager Affiliates, were carried at fair value, which was primarily determined utilizing the discounted cash flow approach, which incorporated different levels of discount rates depending on the hierarchy of fees earned (including the likelihood of realization of senior, subordinate and incentive fees) and prospective modeled performance. Such valuation took into consideration an analysis of comparable asset management companies and the amount of assets under management. The Asset Manager Affiliates were classified as a Level III investment. Any change in value from period to period was recognized as net change in unrealized appreciation or depreciation. CLO Fund Securities. The Company typically makes a non-controlling investment in the most junior class of securities of CLO Funds. The investments held by CLO Funds generally relate to non-investment grade credit instruments issued by corporations. The Company’s investments in CLO Fund Securities are carried at fair value, which is based either on (i) the present value of the net expected cash inflows for interest income and principal repayments from underlying assets and cash outflows for interest expense, debt pay-down and other fund costs for the CLO Funds that are approaching or past the end of their reinvestment period and therefore are selling assets and/or using principal repayments to pay down CLO Fund debt (or will begin to do so shortly), and for which there continue to be net cash distributions to the class of securities owned by the Company, a Discounted Cash Flow approach, (ii) a discounted cash flow model that utilizes prepayment and loss assumptions based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow and comparable yields for similar securities or preferred shares to those in which the Company has invested, or (iii) indicative prices provided by the underwriters or brokers who arrange CLO Funds, a Market Approach. The Company recognizes unrealized appreciation or depreciation on the Company’s investments in CLO Fund Securities as comparable yields in the market change and/or based on changes in net asset values or estimated cash flows resulting from changes in prepayment or loss assumptions in the underlying collateral pool. As each investment in CLO Fund Securities ages, the expected amount of losses and the expected timing of recognition of such losses in the underlying collateral pool are updated and the revised cash flows are used in determining the fair value of the CLO Fund investment. The Company determines the fair value of its investments in CLO Fund Securities on a security-by-security basis. Due to the individual attributes of each CLO Fund Security, they are classified as a Level III investment unless specific trading activity can be identified at or near the valuation date. When available, observable market information will be identified, evaluated and weighted accordingly in the application of such data to the present value models and fair value determination. Significant assumptions to the present value calculations include default rates, recovery rates, prepayment rates, investment/reinvestment rates and spreads and the discount rate by which to value the resulting underlying cash flows. Such assumptions can vary significantly, depending on market data sources which often vary in depth and level of analysis, understanding of the CLO market, detailed or broad characterization of the CLO market and the application of such data to an appropriate framework for analysis. The application of data points are based on the specific attributes of each individual CLO Fund Security’s underlying assets, historic, current and prospective performance, vintage, and other quantitative and qualitative factors that would be evaluated by market participants. The Company evaluates the source of market data for reliability as an indicative market input, consistency amongst other inputs and results and also the context in which such data is presented. For rated note tranches of CLO Fund Securities (those above the junior class) without transactions to support a fair value for the specific CLO Fund and tranche, fair value is based on discounting estimated bond payments at current market yields, which may reflect the adjusted yield on the leveraged loan index for similarly rated tranches, as well as prices for similar tranches for other CLO Funds and also other factors such as indicative prices provided by underwriters or brokers who arrange CLO Funds, and the default and recovery rates of underlying assets in the CLO Fund, as may be applicable. Such model assumptions may vary and incorporate adjustments for risk premiums and CLO Fund specific attributes. Short-term investments. Short-term investments are generally comprised of money market accounts, time deposits, and U.S. treasury bills. Joint Ventures. The Company carries investments in joint ventures (“Joint Ventures”) at fair value based upon the fair value of the investments held by the joint venture, or the net asset value as a practical expedient. See Note 4 — “Investments” below, for more information regarding the Joint Ventures. Cash and Cash Equivalents Cash and cash equivalents include short-term, highly liquid investments, readily convertible to known amounts of cash, with an original maturity of three months or less in accounts such as demand deposit accounts and certain overnight investment sweep accounts. The Company records cash and cash equivalents at cost, which approximates fair value. Restricted Cash Restricted cash and cash equivalents generally consist of cash held for interest and principal payments on the Company’s borrowings. Foreign Currency Translations The accounting records of the Company are maintained in U.S. dollars. All assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the foreign exchange rate on the date of valuation. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. The Company’s investments in foreign securities may involve certain risks, including without limitation: foreign exchange restrictions, expropriation, taxation or other political, social or economic risks, all of which could affect the market and/or credit risk of the investment. In addition, changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments and therefore the earnings of the Company. Investment Income Interest Income. Interest income, including the amortization of premium and accretion of discount and accrual of payment-in-kind (“PIK”) interest, is recorded on the accrual basis to the extent that such amounts are expected to be collected. The Company generally places a loan or security on non-accrual status and ceases recognizing interest income on such loan or security when a loan or security becomes 90 days or more past due or if the Company otherwise does not expect the debtor to be able to service its debt obligations. For investments with PIK interest, which represents contractual interest accrued and added to the principal balance that generally becomes due at maturity, we will not accrue PIK interest if the portfolio company valuation indicates that the PIK interest is not collectible (i.e., via a partial or full non-accrual). Loans which are on partial or full non-accrual remain in such status until the borrower has demonstrated the ability and intent to pay contractual amounts due or such loans become current. As of March 31, 2026, twelve of our debt investments were on non-accrual status, which were attributable to nine portfolio companies, with an aggregate amortized cost of $34.4 million and an aggregate fair value of $12.3 million, which represented 6.2% and 2.6% of the investment portfolio, respectively. However, for a subset of the non-accrual population, the Company continues to recognize interest income on a cash basis (i.e., only when cash payments are actually received). Refer to the consolidated schedule of investments for further details. As of December 31, 2025, thirteen of our debt investments were on non-accrual status, which were attributable to ten portfolio companies, with an aggregate amortized cost of $40.4 million and an aggregate fair value of $20.0 million, which represented 7.1% and 4.0% of the investment portfolio, respectively. Investment Income on CLO Fund Securities. The Company generates investment income from its investments in the most junior class of securities issued by CLO Funds (typically preferred shares or subordinated securities). The Company’s CLO Fund junior class securities are subordinated to senior note holders who typically receive a stated interest rate of return based on a floating rate index, such as the Secured Overnight Financing Rate (“SOFR”) on their investment. The CLO Funds are leveraged funds and any excess cash flow or “excess spread” (interest earned by the underlying securities in the fund less payments made to senior note holders and less fund expenses and management fees) is paid to the holders of the CLO Fund’s subordinated securities or preferred shares. U.S. GAAP-basis investment income on CLO equity investments is recorded using the effective interest method in accordance with the provisions of ASC 325-40: Beneficial Interests in Securitized Financial Assets based on the anticipated yield and the estimated cash flows over the projected life of the investment. Yields are revised when there are changes in actual or estimated projected future cash flows due to changes in prepayments and/or re-investments, credit losses or asset pricing. Changes in estimated yield are recognized as an adjustment to the estimated yield prospectively over the remaining life of the investment from the date the estimated yield was changed. Accordingly, investment income recognized on CLO equity securities in the U.S. GAAP statement of operations differs from both the tax–basis investment income and from the cash distributions actually received by the Company during the period. For non-junior class CLO Fund Securities, interest is earned at a fixed spread relative to the SOFR index. Investment Income on Joint Ventures. The Company recognizes investment income on its investment in the Joint Ventures based upon its share of the estimated earnings and profits of the Joint Venture on the ex-dividend or ex-distribution date. The final determination of the tax attributes of distributions from the Joint Ventures is made on an annual (full calendar year) basis at the end of the year based upon taxable income and distributions for the full year. Therefore, any estimate of tax attributes of distributions made on an interim basis may not be representative of the actual tax attributes of distributions for the full year. Fees and other income. Origination fees (to the extent services are performed to earn such income upon closing), amendment fees, consent fees, and other fees associated with investments in portfolio companies are recognized as income when they are earned. Prepayment penalties received by the Company for debt instruments repaid prior to maturity date are recorded as income upon receipt. Debt Issuance Costs Debt issuance costs represent fees and other direct costs incurred in connection with the Company’s borrowings. These amounts are capitalized, presented as a reduction of debt, and amortized using the effective interest method over the expected term of the borrowing. Extinguishment of Debt The Company derecognizes a liability if and only if it has been extinguished through delivery of cash, delivery of other financial assets, delivery of goods or services, or reacquisition by the Company of its outstanding debt securities whether the securities are cancelled or held. If the debt contains a cash conversion option, the Company allocates the consideration transferred and transaction costs incurred to the extinguishment of the liability component and the reacquisition of the equity component and recognize a gain or loss in the statement of operations. Expenses The Company is externally managed and in connection with the Advisory Agreement, pays the Adviser certain investment advisory fees and reimburses the Adviser and Administrator for certain expenses incurred in connection with the services they provide. See Note 5 — “Related Party Transactions — Payment of Expenses under the Advisory and Administration Agreements” below. Shareholder Distributions Distributions to common stockholders are recorded on the ex-dividend date. The amount of distributions, if any, is determined by the Board each quarter. The Company has adopted a dividend reinvestment plan (the “DRIP”) that provides for reinvestment of its distributions on behalf of its stockholders, unless a stockholder “opts out” of the DRIP to receive cash in lieu of having their cash distributions automatically reinvested in additional shares of the Company’s common stock. Asset Acquisition The LRFC Acquisition was accounted for under the asset acquisition method of accounting in accordance with ASC 805-50: Business Combinations – Related Issues (“ASC 805-50”), also referred to as “purchase accounting.” Under the asset acquisition method, acquiring assets in groups requires ascertaining the cost of the asset (or net assets) and allocating that cost to the individual assets (or individual assets and liabilities) that make up the group. Per ASC 805-50, assets are recognized based on their cost to the acquiring entity, which generally includes transaction costs of the asset acquisition, and no gain or loss is recognized unless the fair value of non-cash assets given as consideration differs from the assets’ carrying amounts on the acquiring entity’s books. The cost of the group of assets acquired in an asset acquisition is allocated to the individual assets acquired or liabilities assumed based on the relative fair values of net identifiable assets acquired other than “non-qualifying” assets (e.g., cash), and does not give rise to goodwill. To the extent that the consideration paid to the LRFC shareholders or the members of acquired entities exceeded the relative fair values of the net identifiable assets acquired, other than “non-qualifying” assets, any such premium paid by the Company was further allocated to the cost of the assets acquired by the Company pro-rata to their relative fair value, other than “non-qualifying” assets, which are investments in loans and equity securities. The purchase discount allocated to the loan investments acquired will amortize over the life of each respective loan through interest income with a corresponding adjustment recorded as unrealized depreciation on such loans acquired through their ultimate disposition. The purchase discount allocated to equity investments acquired will not amortize over the life of such investments through interest income and, assuming no subsequent change to the fair value of the equity investments acquired and disposition of such equity investments at fair value, the Company will recognize a realized gain with a corresponding reversal of the unrealized appreciation on disposition of such equity investments acquired. Immediately following the completion of the LRFC Acquisition, the Company recorded the acquired assets at their respective fair values. As a result, the acquisition resulted in a purchase discount, which was immediately recognized as unrealized appreciation on the Company’s consolidated statements of operations. The purchase discount allocated to investments in loan securities will amortize over the life of the loans through interest income, with a corresponding reversal of the unrealized appreciation on the loans acquired through their ultimate disposition. For the three months ended March 31, 2026 and March 31, 2025, amortization of the purchase discount relating to asset acquisitions was $2.8 million and less than $0.1 million, respectively. The purchase discount allocated to investments in equity securities will not amortize through interest income and, assuming no subsequent change to the fair value of such equity securities and disposition at fair value, the Company will recognize a realized gain or an increase in realized gains with a corresponding reversal of the unrealized appreciation upon disposition of the LRFC equity securities acquired. Segment Reporting In accordance with ASC 280: Segment Reporting (“ASC 280”), the Company has determined that it has a single operating and reporting segment, the “Investment Management Segment”. As a result, the Company’s segment accounting policies are the same as described herein and the Company does not have any intra-segment sales and transfers of assets. Refer to Note 12 — “Segment Reporting” of our notes to the consolidated financial statements for additional information on segment reporting.

Subsequent Events - Additional Information (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions	May 07, 2026	Apr. 30, 2026	Apr. 27, 2026
O 2026 M4 Dividends
Subsequent Event [Line Items]
Date of record		Apr. 15, 2026
O 2026 M5 Dividends
Subsequent Event [Line Items]
Date of record	May 18, 2026
Distribution payable date	May 29, 2026
O 2026 M7 Dividends
Subsequent Event [Line Items]
Declared date	May 07, 2026
Date of record	Jul. 15, 2026
Declared cash distribution of per share of common stock	$ 0.09
Distribution payable date	Jul. 31, 2026
O 2026 M8 Dividends
Subsequent Event [Line Items]
Declared date	May 07, 2026
Date of record	Aug. 14, 2026
Declared cash distribution of per share of common stock	$ 0.09
Distribution payable date	Aug. 31, 2026
O 2026 M9 Dividends
Subsequent Event [Line Items]
Declared date	May 07, 2026
Date of record	Sep. 15, 2026
Declared cash distribution of per share of common stock	$ 0.09
Distribution payable date	Sep. 30, 2026
Base Distribution \| O 2026 M4 Dividends
Subsequent Event [Line Items]
Declared cash distribution of per share of common stock		$ 0.09
Cash Distribution \| O 2026 M5 Dividends
Subsequent Event [Line Items]
Declared cash distribution of per share of common stock	$ 0.03
2026 Notes
Subsequent Event [Line Items]
Debt Instrument redemption, amount			$ 40.0
Debt instrument redemption description			In connection with this redemption, the Company had notified the Trustee on March 27, 2026 of its election to redeem such notes pursuant to the terms of the Base Indenture, the Fourth Supplemental Indenture and the Fifth Supplemental Indenture.

Borrowings

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Borrowings

6. BORROWINGS

The Company’s debt obligations consist of the following:


	As of		As of
($ in thousands)	March 31, 2026		December 31, 2025
2026 Notes (net of deferred financing costs and original issue discount of $217 and $312, respectively)	$	49,783	$	49,688
2028 Notes (net of deferred financing costs and original issue discount of $782 and $851, respectively)		34,218		34,149
2029 Notes (net of deferred financing costs of $881 and $—, respectively)		49,119		—
2030 Notes (net of deferred financing costs and original issue discount of $2,318 and $2,423, respectively)		72,682		72,577
2032 Convertible Notes (net of deferred financing costs and original issue discount of $99 and $102, respectively)		1,901		1,898
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility (net of deferred financing costs of $700 and $825, respectively)		79,309		106,804
KeyBank Credit Facility (net of deferred financing costs of $843 and $904, respectively)		49,391		41,765
Total	$	336,403	$	306,881

The weighted average stated interest rate and weighted average maturity on all our debt outstanding as of March 31, 2026 were 6.7% and 2.7 years, respectively, and as of December 31, 2025 were 6.9% and 2.7 years, respectively.

4.875% Notes due 2026

Notes Offering

On April 30, 2021, the Company issued $80.0 million in aggregate principal amount of unsecured 4.875% Notes due 2026 (the “4.875% Notes due 2026”) in a private placement exempt from registration under the Section 4(a)(2) of the Securities Act. The 4.875% Notes due 2026 were not registered under the Securities Act or any state securities laws and may not be reoffered or resold in the United States absent registration or an applicable exemption from such registration requirements. The net proceeds to the Company were approximately $77.7 million, after deducting estimated offering expenses. The Company used the net proceeds of the offering to redeem in full its 6.125% Notes due 2022, to make investments in portfolio companies in accordance with its investment objectives, and for general corporate purposes.

On April 30, 2021, the Company and U.S. Bank Trust Company, National Association (the “Trustee”) entered into a Supplemental Indenture (the “Third Supplemental Indenture”), which supplements that certain Base Indenture, dated as of October 10, 2012 (as may be further amended, supplemented or otherwise modified from time to time, the “Base Indenture” and, together with the Third Supplemental Indenture, the “Indenture”). The Third Supplemental Indenture relates to the Company’s issuance of the 4.875% Notes due 2026.

The 4.875% Notes due 2026 will mature on April 30, 2026 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the Indenture and bear interest at a rate of 4.875% per year payable semi-annually on April 30 and October 30 of each year. The 4.875% Notes due 2026 are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the 4.875% Notes due 2026, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The Indenture contains certain covenants, including covenants requiring the Company to comply with the asset coverage requirements of Sections 18(a)(1)(A) and 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, whether or not it is subject to those requirements, and to provide financial information to the holders of the Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. Additionally, the Company has agreed to use its commercially reasonable efforts to maintain a rating of the 4.875% Notes due 2026 from a rating agency, as long as the notes are outstanding. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, on the occurrence of a “change of control repurchase event,” as defined in the Indenture, the Company will generally be required to make an offer to purchase the outstanding notes at a price equal to 100% of the principal amount of such notes plus accrued and unpaid interest to the repurchase date.

Sale of Additional 4.875% Notes due 2026

On June 23, 2021, the Company issued $28.0 million in aggregate principal amount of its 4.875% Notes due 2026 (the “New Notes”) in a private placement exempt from registration under the Section 4(a)(2) of the Securities Act. The New Notes have not been registered under the Securities Act or any state securities laws and may not be reoffered or resold in the United States absent registration or an applicable exemption from such registration requirements. The net proceeds to the Company were approximately $27.4 million, after deducting estimated offering expenses. The Company intends to use the net proceeds of the offering to redeem in full its HCAP Notes (as defined below), make investments in portfolio companies in accordance with its investment objectives, and for general corporate purposes.

The New Notes were issued under the Indenture governing the 4.875% Notes due 2026. The New Notes were issued as “Additional Notes” under the Indenture and have identical terms to the Company’s $80.0 million of aggregate principal amount of 4.875% Notes due 2026 that were issued on April 30, 2021, other than the issue date. The New Notes will be treated as a single class of notes with the Company’s existing 4.875% Notes due 2026 for all purposes under the Indenture.

In connection with the issuance of the 4.875% Notes due 2026, (including the New Notes) the Company incurred approximately $2.4 million of original issue discount, and $1.2 million of debt offering costs, both of which are being amortized over the expected term of the facility on an effective yield method.

Exchange of 4.875% Notes due 2026

On October 5, 2021, the Company filed with the SEC a registration statement relating to an offer to exchange the 4.875% Notes due 2026 for new notes issued by the Company that are registered under the Securities Act (the “Exchange Offer”), which registration statement was declared effective on December 2, 2021. Upon the terms and subject to the conditions in the prospectus relating to the Exchange Offer, the Company accepted any existing 4.875% Notes due 2026 (the “Restricted Notes”) validly tendered and not withdrawn prior to January 3, 2022, the expiration date of the Exchange Offer, and issued new 4.875% Notes due 2026 that have been registered under the Securities Act (the “Exchange Notes”). The form and terms of the Exchange Notes are substantially identical to those of the Restricted Notes, except that the transfer restrictions and registration rights relating to the Restricted Notes do not apply to the Exchange Notes, and the Exchange Notes do not provide for the payment of additional interest in the event of a registration default. In addition, the Exchange Notes bear a different CUSIP number than the Restricted Notes. The Exchange Notes are issued under and entitled to the benefits of the same indenture that authorized the issuance of the Restricted Notes.

On the expiration date of the Exchange Offer, all of the Restricted Notes had been validly tendered, and all of the outstanding Restricted Notes were exchanged for newly issued Exchange Notes.

Redemption of 4.875% Notes due 2026

The 4.875% Notes due 2026 were issued during the second quarter of 2021 and on October 14, 2025, the Company notified the Trustee of its election to redeem in full the $108.0 million aggregate principal amount outstanding of its 4.875% Notes due 2026 and redemption occurred on November 13, 2025. The 4.875% Notes due 2026 were redeemed at par plus accrued interest which resulted in a loss of approximately $0.4 million.

The following table summarizes the interest expense, amortization of original issue discount, deferred financing costs, average outstanding balance, and average stated interest rate on the 4.875% Notes due 2026 for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026	2025
Interest expense	N/A	$	1,316
Amortization of original issue discount	N/A		130
Deferred financing costs	N/A		55
Total interest and financing expenses	N/A	$	1,501
Average outstanding balance	N/A	$	108,000
Average stated interest rate	N/A		4.88	%

2026 Notes

Effective July 15, 2025, as a result of the completion of the LRFC Acquisition, the Company succeeded to the obligations of LRFC under LRFC’s 5.25% fixed-rate notes due October 30, 2026 (the “2026 Notes”). The 2026 Notes were originally issued on October 29, 2021, in an aggregate principal amount of $50.0 million pursuant to a supplemental indenture with the Trustee, which supplements the base indenture, dated June 16, 2014. At the time of the LRFC Acquisition, the unamortized portion of the discount and deferred financing costs were $0.3 million and $0.2 million, respectively, and have continued to be amortized throughout the period.

The 2026 Notes were initially issued in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and subsequently exchanged in July 2022 for registered notes with substantially identical terms. The net proceeds from the original issuance were approximately $48.8 million, after deducting estimated offering expenses.

The 2026 Notes mature on October 30, 2026, and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the indenture. The 2026 Notes bear interest at a rate of 5.25% per annum, payable semi-annually on April 30 and October 30 of each year, commencing April 30, 2022. On March 28, 2024, the notes were downgraded below Investment Grade by a Nationally Recognized Statistical Rating Organization (“NRSRO”), resulting in a step-up in the interest rate to 6.00% per annum.

The 2026 Notes are general unsecured obligations of the Company, ranking senior in right of payment to all existing and future indebtedness that is expressly subordinated to the notes, pari passu with all existing and future unsecured unsubordinated indebtedness, effectively junior to any secured indebtedness to the extent of the value of the assets securing such indebtedness, and structurally junior to all existing and future indebtedness incurred by the Company’s subsidiaries or financing vehicles.

On October 7, 2025, the Company obtained a BBB- rating from a NRSRO with respect to the 2026 Notes. Starting on October 7, 2025, as a result of the rating, the 2026 Notes have a fixed interest rate of 5.25% per annum, which remained the rate applicable from the date of the change through March 31, 2026.

On March 27, 2026, the Company notified the Trustee of its election to redeem $40.0 million aggregate principal amount outstanding of its 5.25% Notes due 2026 pursuant to the terms of the Base Indenture, the Fourth Supplemental Indenture and the Fifth Supplemental Indenture. The redemption was executed on April 27, 2026.

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2026 Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	656		N/A
Amortization of original issue discount		50		N/A
Deferred financing costs		45		N/A
Total interest and financing expenses	$	751		N/A
Average outstanding balance	$	50,000		N/A
Average stated interest rate		5.25	%	N/A

2028 Notes

On October 10, 2025, the Company entered into a note purchase agreement (the “2028 & 2030 Note Purchase Agreement”), by and among the Company and each purchaser named therein, in connection with the issuance and sale of $35.0 million in aggregate principal amount of the Company’s 7.50% notes due 2028 (the “2028 Notes”) at a price of 98.5% of par, pursuant to an effective shelf registration statement on Form N-2, as amended, which was declared effective on February 10, 2025. The net proceeds to the Company were approximately $34.1 million, which is net of a discount and allocated deferred financing costs. The Company used the net proceeds of the offering to redeem in full its 4.875% Notes due 2026 and to pay down existing indebtedness. The 2028 Notes were issued on October 15, 2025.

In conjunction therewith, the Company and the Trustee entered into a Fourth Supplemental Indenture relating to the 2028 Notes (the “Fourth Supplemental Indenture”), which supplements that certain Base Indenture, dated as of October 10, 2012 (as may be further amended, supplemented or otherwise modified from time to time, the “Base Indenture” and, together with the Fourth Supplemental Indentures, the “2028 Notes Indenture”).

The 2028 Notes will mature on October 15, 2028. The 2028 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to July 15, 2028 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the 2028 Notes Indenture and at par value on July 15, 2028 or thereafter.

The 2028 Notes bear interest at the rate of 7.50% per year, payable semi-annually on April 30 and October 30 of each year, commencing on October 30, 2025. The Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Notes, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The 2028 Notes Indenture contains certain covenants, including covenants requiring the Company to comply with the asset coverage requirements of Sections 18(a)(1)(A) and 18(a)(1)(B) as modified by Section 61(a)(2) of the Investment Company Act of 1940, as amended, whether or not it is subject to those requirements, and to provide financial information to the holders of the Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. Additionally, the Company has agreed to use its commercially reasonable efforts to maintain a rating of the 2028 Notes from a rating agency, as defined in the 2028 Notes Indenture, as long as the Notes are outstanding. These covenants are subject to important limitations and exceptions that are described in the 2028 Notes Indenture. As of March 31, 2026, the Company is in compliance with all associated covenants.

In addition, on the occurrence of a “change of control repurchase event,” as defined in the 2028 Notes Indenture, the Company will generally be required to make an offer to purchase the outstanding Notes at a price equal to 100% of the principal amount of such Notes plus accrued and unpaid interest to the repurchase date. Also, on the occurrence of an “Interest Rate Adjustment Event,” as defined in the 2028 Notes Indenture, the Notes will bear interest at a fixed rate per annum which is 0.75% in excess of the initial rate of the Notes, as applicable, from the date of the occurrence of the Interest Rate Adjustment Event to and until the date on which the Interest Rate Adjustment Event is no longer continuing.

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2028 Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	656		N/A
Amortization of original issue discount		40		N/A
Deferred financing costs		29		N/A
Total interest and financing expenses	$	725		N/A
Average outstanding balance	$	35,000		N/A
Average stated interest rate		7.50	%	N/A

2029 Notes

On March 20, 2026, the Company entered into a note purchase agreement (the “2029 Note Purchase Agreement”), by and among the Company and each purchaser named therein, in connection with the issuance and sale of $50.0 million in aggregate principal amount of the Company’s 7.50% notes due 2029 (the “2029 Notes”) at a price of 100% of par, pursuant to an effective shelf registration statement on Form N-2, as amended, which was declared effective on February 10, 2025. The Company intends to use the net proceeds of the offering to repay an aggregate principal amount of $40.0 million of the 2026 Notes and to pay down existing indebtedness. The 2029 Notes were issued on March 24, 2026.

In conjunction therewith, the Company and the Trustee entered into a Sixth Supplemental Indenture relating to the 2029 Notes (the “Sixth Supplemental Indenture”), which supplements that certain Base Indenture, dated as of October 10, 2012 (as may be further amended, supplemented or otherwise modified from time to time, the “Base Indenture” and, together with the Sixth Supplemental Indenture, the “2029 Notes Indenture”).

The 2029 Notes will mature on September 24, 2029. The 2029 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to April 24, 2029 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the 2029 Notes Indenture and at par value on April 24, 2029 or thereafter.

The 2029 Notes bear interest at the rate of 7.50% per year, payable semi-annually on April 30 and October 30 of each year, commencing on April 30, 2026. The 2029 Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the 2029 Notes, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The 2029 Notes Indenture contains certain covenants, including covenants requiring the Company to comply with the asset coverage requirements of Sections 18(a)(1)(A) and 18(a)(1)(B) as modified by Section 61(a)(2) of the Investment Company Act of 1940, as amended, whether or not it is subject to those requirements, and to provide financial information to the holders of the 2029 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. Additionally, the Company has agreed to use its commercially reasonable efforts to maintain a rating of the Notes from a rating agency, as defined in the Indenture, as long as the Notes are outstanding. These covenants are subject to important limitations and exceptions that are described in the Indenture. As of March 31, 2026, the Company is in compliance with all associated covenants.

The following table summarizes the interest expense, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2029 Notes for the period March 24, 2026 through March 31, 2026:


	For the period March 24, 2026
($ in thousands)	through March 31, 2026
Interest expense	$	73
Deferred financing costs		4
Total interest and financing expenses	$	77
Average outstanding balance	$	50,000
Average stated interest rate		7.50	%

2030 Notes

On October 10, 2025, the Company entered into a 2028 & 2030 Note Purchase Agreement, by and among the Company and each purchaser named therein, in connection with the issuance and sale of $75.0 million in aggregate principal amount of the Company’s 7.75% notes due 2030 (the “2030 Notes”) at a price of 97.75% of par, pursuant to an effective shelf registration statement on Form N-2, as amended, which was declared effective on February 10, 2025. The net proceeds to the Company were approximately $72.5 million, which is net of a discount and allocated deferred financing costs. The Company used the net proceeds of the offering to redeem in full its 4.875% Notes due 2026 and to pay down existing indebtedness. The 2030 Notes were issued on October 15, 2025.

In conjunction therewith, the Company and the Trustee entered into a Fifth Supplemental Indenture relating to the 2030 Notes (the “Fifth Supplemental Indenture”), which supplements the Base Indenture (together with the Fifth Supplemental Indentures, the “2030 Notes Indenture”).

The 2030 Notes will mature on October 15, 2030. The 2030 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to April 15, 2030 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the Indenture and at par value on April 15, 2030 or thereafter.

The 2030 Notes bear interest at the rate of 7.75% per year, payable semi-annually on April 30 and October 30 of each year, commencing on October 30, 2025. The Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Notes, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The 2030 Notes Indenture contains certain covenants, including covenants requiring the Company to comply with the asset coverage requirements of Sections 18(a)(1)(A) and 18(a)(1)(B) as modified by Section 61(a)(2) of the Investment Company Act of 1940, as amended, whether or not it is subject to those requirements, and to provide financial information to the holders of the Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. Additionally, the Company has agreed to use its commercially reasonable efforts to maintain a rating of the 2030 Notes from a rating agency, as defined in the 2030 Notes Indenture, as long as the Notes are outstanding. These covenants are subject to important limitations and exceptions that are described in the 2030 Notes Indenture. As of March 31, 2026, the Company is in compliance with all associated covenants.

In addition, on the occurrence of a “change of control repurchase event,” as defined in the 2030 Notes Indenture, the Company will generally be required to make an offer to purchase the outstanding Notes at a price equal to 100% of the principal amount of such Notes plus accrued and unpaid interest to the repurchase date. Also, on the occurrence of an “Interest Rate Adjustment Event,” as defined in the 2030 Notes Indenture, the Notes will bear interest at a fixed rate per annum which is 0.75% in excess of the initial rate of the Notes, as applicable, from the date of the occurrence of the Interest Rate Adjustment Event to and until the date on which the Interest Rate Adjustment Event is no longer continuing.

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2030 Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	1,453		N/A
Amortization of original issue discount		71		N/A
Deferred financing costs		34		N/A
Total interest and financing expenses	$	1,558		N/A
Average outstanding balance	$	75,000		N/A
Average stated interest rate		7.75	%	N/A

2032 Convertible Notes

Effective July 15, 2025, as a result of the completion of the LRFC Acquisition, the Company succeeded to the obligations of LRFC under LRFC’s 5.25% fixed rate convertible notes due April 1, 2032 (the “2032 Convertible Notes”). The 2032 Convertible Notes were originally issued by LRFC on April 1, 2022, in an aggregate principal amount of $15.0 million. At the time of the LRFC Acquisition, the unamortized portion of the discount and deferred financing costs were $0.1 million and $0.02 million, respectively, and have continued to be amortized throughout the period.

As of July 15, 2025, the Company assumed $2.5 million in outstanding principal amount of the 2032 Convertible Notes. The notes are convertible, at the holder’s option and at any time prior to maturity, into shares of the Company’s common stock based on a conversion formula defined in the governing purchase agreement (the “Purchase Agreement”). The maximum number of shares issuable under the Purchase Agreement is 539,503, subject to adjustment for stock splits and other anti-dilutive provisions. The conversion price is equal to the average closing sale price of the Company’s common stock over the five trading days immediately preceding the conversion date, subject to a quarterly conversion cap of $7.5 million in principal amount.

The embedded conversion feature has been evaluated under U.S. GAAP and determined not to require separate accounting as a derivative instrument.

The 2032 Convertible Notes bear interest at a fixed rate of 6.00% per annum, payable semi-annually on March 31 and September 30 of each year. The interest rate reflects a step-up from the original 5.25% rate following a downgrade below Investment Grade by a Nationally Recognized Statistical Rating Organization (“NRSRO”) on March 28, 2024. Additional interest of 2.0% per annum applies to overdue interest payments and during the continuance of an event of default.

The notes are redeemable prior to maturity and are not subject to a sinking fund. In the event of a “Change in Control Repurchase Event” or “Delisting Event,” as defined in the Purchase Agreement, the Company is generally required to offer to repurchase the notes at 100% of the principal amount plus accrued and unpaid interest.

On October 7, 2025, the Company obtained a BBB- rating from a NRSRO with respect to the 2032 Convertible Notes. Starting on October 7, 2025, as a result of the rating, the 2032 Convertible Notes have a fixed interest rate of 5.25% per annum, which remained the rate applicable from the date of the change through March 31, 2026.

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2032 Convertible Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	26		N/A
Amortization of original issue discount		3		N/A
Deferred financing costs		—		N/A
Total interest and financing expenses	$	29		N/A
Average outstanding balance	$	2,000		N/A
Average stated interest rate		5.25	%	N/A

Revolving Credit Facility

On December 18, 2019, Great Lakes Portman Ridge Funding LLC (“GLPRF LLC”), our wholly-owned subsidiary, entered into a senior secured revolving credit facility (as amended, restated or otherwise modified from time to time, the “Revolving Credit Facility”) with JPMorgan Chase Bank, National Association (“JPM”). JPM serves as administrative agent, the Trustee serves as collateral agent, securities intermediary and collateral administrator, and we serve as portfolio manager under the Revolving Credit Facility.

GLPRF LLC is required to utilize a minimum of the commitments under the Revolving Credit Facility. Unused amounts below such minimum utilization amount accrue interest as if such amounts are outstanding as borrowings under the Revolving Credit Facility. In addition, GLPRF LLC pays a non-usage fee during the reinvestment period on the average daily unborrowed portion of the financing commitments in excess of such minimum utilization amount.

The initial principal amount of the Revolving Credit Facility was $115.0 million. The Revolving Credit Facility has an accordion feature, subject to the satisfaction of various conditions, which could bring total commitments under the Revolving Credit Facility to up to $215.0 million. Proceeds from borrowings under the Revolving Credit Facility may be used to fund portfolio investments by GLPRF LLC and to make advances under delayed draw term loans where GLPRF LLC is a lender.

GLPRF LLC’s obligations to the lenders under the Revolving Credit Facility are secured by a first priority security interest in all of GLPRF LLC’s portfolio of investments and cash. The obligations of GLPRF LLC under the Revolving Credit Facility are non-recourse to us, and our exposure under the Revolving Credit Facility is limited to the value of our investment in GLPRF LLC. In connection with the Revolving Credit Facility, GLPRF LLC has made certain customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar facilities. The Revolving Credit Facility contains customary events of default for similar financing transactions, including if a change of control of GLPRF LLC occurs or if we are no longer the portfolio manager of GLPRF LLC.

On April 29, 2022, GLPRF LLC amended the Revolving Credit Facility with JPM as administrative agent. The amended agreement replaced three-month SOFR as the benchmark interest rate and reduced the applicable margin to 2.80% per annum from 2.85% per annum.

On July 23, 2024, GLPRF LLC amended the Revolving Credit Facility with JPM as administrative agent. The amended agreement, among other things, (i) provided for a committed increase to the aggregate principal amount of the Revolving Credit Facility in an amount not to exceed $85.0 million, for a total commitment of $200.0 million, which increase became effective on August 20, 2024, (ii) provided for a committed seven-day bridge advance in an aggregate principal amount of $18.3 million, which advance became effective on August 20, 2024, (iii) reduced the applicable margin on the Revolving Credit Facility to 2.50% per annum, (iv) extended the period in which the Company may request advances under the Revolving Credit Facility to August 29, 2026, (v) extended the stated maturity of the Revolving Credit Facility to August 29, 2027, (vi) reduced the requirement to utilize a minimum of commitments under the Revolving Credit Facility to 70%, (vii) reduced the non-usage fee applicable during the reinvestment period to 0.55% per annum on the average daily unborrowed portion of the financing commitments in excess of the minimum utilization amount, (viii) extended the non-call period under the Revolving Credit Facility to April 29, 2025, and (ix) provided for certain fees to be paid to the administrative agent and the lenders in connection therewith.

On March 9, 2026, GLPRF LLC amended the Revolving Credit Facility with JPM as administrative agent, The amended agreement, among other things, provided for a decrease in the aggregate financing commitments under the Revolving Credit Facility to $125.0 million.

As of March 31, 2026, GLPRF LLC was in compliance with all of its debt covenants and approximately $80.0 million principal amount of borrowings was outstanding under the Revolving Credit Facility. The assets pledged to secure the Revolving Credit Facility had a fair value of $164.5 million as of March 31, 2026. As of December 31, 2025, approximately $107.6 million principal amount of borrowings was outstanding under the Revolving Credit Facility. The assets pledged to secure the Revolving Credit Facility had a fair value of $218.8 million as of December 31, 2025.

The following table summarizes the interest expense, amortization of deferred financing costs, unused commitment fees, average outstanding balance, and average stated interest rate on the Revolving Credit Facility for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	1,484		$	2,609
Deferred financing costs		125			124
Unused commitment fees		265			64
Total interest and financing expenses	$	1,874		$	2,797
Average outstanding balance	$	96,424		$	153,471
Average stated interest rate		6.17	%		6.82	%

KeyBank Credit Facility

Effective July 15, 2025, as a result of the completion of the LRFC Acquisition, the Company succeeded to the obligations of the LRFC’s wholly owned subsidiary, Capitala Business Lending, LLC (“CBL”), under a senior secured revolving credit facility (as amended, the “KeyBank Credit Facility”). The KeyBank Credit Facility was originally entered into on October 30, 2020, and has been subsequently amended on May 10, 2022, October 20, 2022, and August 21, 2024. The KeyBank Credit Facility provides for secured borrowings of up to $75.0 million, with an uncommitted accordion feature allowing for additional borrowings of up to $125.0 million, subject to availability and borrowing restrictions under the Investment Company Act of 1940. At the time of the LRFC Acquisition, the unamortized deferred financing costs were $1.0 million, and have continued to be amortized throughout the period.

The revolving period under the KeyBank Credit Facility extends through August 21, 2027, with a stated maturity date of August 21, 2029, unless terminated earlier due to an event of default or other conditions. Borrowings under the KeyBank Credit Facility bear interest at a rate equal to 1-month Term SOFR plus 2.80% during the reinvestment

period and 3.20% thereafter, subject to a 0.40% SOFR floor. Interest and fees are payable quarterly. CBL will also pay an unused commitment fee at a rate of (1) 0.75% if utilization is less than or equal to 50.0%, (2) 0.50% if utilization is greater than 50.0% but less than or equal to 75.0%, or (3) 0.25% if utilization is greater than 75.0%, per annum on the unutilized portion of the aggregate commitments under the KeyBank Credit Facility.

As of March 31, 2026, outstanding borrowings under the KeyBank Credit Facility were $50.2 million and assets pledged to secure the KeyBank Credit Facility had a fair value of $114.6 million. As of December 31, 2025, outstanding borrowings under the KeyBank Credit Facility were $42.7 million and assets pledged to secure the KeyBank Credit Facility had a fair value of $104.8 million.

The KeyBank Credit Facility is secured by a first lien security interest on substantially all of the assets of CBL and includes customary affirmative and negative covenants, including limitations on the incurrence of additional indebtedness and liens, as well as standard events of default for senior secured revolving credit facilities of this nature.

The following table summarizes the interest expense, amortization of deferred financing costs, unused commitment fees, average outstanding balance, and average stated interest rate on the KeyBank Credit Facility for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	723		N/A
Deferred financing costs		61		N/A
Unused commitment fees		39		N/A
Total interest and financing expenses	$	823		N/A
Average outstanding balance	$	44,073		N/A
Average stated interest rate		6.48	%	N/A

Financial Instruments Disclosed, But Not Carried, At Fair Value

The following table presents the outstanding principal and fair value of the Company’s financial liabilities disclosed, but not carried, at fair value as of March 31, 2026, and the level of each financial liability within the fair value hierarchy (dollars in thousands):


($ in thousands)	Outstanding Principal		Fair Value		Level I		Level II		Level III
2026 Notes	$	50,000	$	48,875	$	—	$	—	$	48,875
2028 Notes		35,000		34,475		—		—		34,475
2029 Notes		50,000		50,000		—		—		50,000
2030 Notes		75,000		73,313		—		—		73,313
2032 Convertible Notes		2,000		1,892		—		—		1,892
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility		80,009		80,009		—		—		80,009
KeyBank Credit Facility		50,234		50,234		—		—		50,234
Total	$	342,243	$	338,798	$	—	$	—	$	338,798

The following table presents the outstanding principal and fair value of the Company’s financial liabilities disclosed, but not carried, at fair value as of December 31, 2025, and the level of each financial liability within the fair value hierarchy (dollars in thousands):


($ in thousands)	Outstanding Principal		Fair Value		Level I		Level II		Level III
2026 Notes	$	50,000	$	48,875	$	—	$	—	$	48,875
2028 Notes		35,000		34,475		—		—		34,475
2030 Notes		75,000		73,313		—		—		73,313
2032 Convertible Notes		2,000		1,892		—		—		1,892
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility		107,629		107,629		—		—		107,629
KeyBank Credit Facility		42,669		42,669		—		—		42,669
Total	$	312,298	$	308,853	$	—	$	—	$	308,853

Senior Securities

Information about the Company’s senior securities is shown as of the dates indicated in the below table (dollars in thousands, except per unit amounts):


Class and Period	Total Amount Outstanding Exclusive of Treasury Securities(1)		Asset Coverage per Unit(2)		Involuntary Liquidating Preference per Unit(3)		Average Market Value per Unit(4)
($ in thousands)
Convertible Notes due March 15, 2016
Fiscal 2015	$	19,299	$	2,025	$	—	N/A
7.375% Notes due 2019
Fiscal 2017	$	27,000	$	2,713	$	—	$	1,016
Fiscal 2016		33,531		2,048		—		1,000
Fiscal 2015		41,400		2,025		—		1,012
Notes Issued by KCAP Senior Funding I, LLC
Fiscal 2016	$	147,350	$	2,048	$	—	N/A
Fiscal 2015		147,350		2,025		—	N/A
6.125% Notes due 2022
Fiscal 2020	$	76,726	$	1,560	$	—	$	953
Fiscal 2019		77,407		1,950		—		1,010
Fiscal 2018		77,407		2,490		—		1,009
Fiscal 2017		77,407		2,713		—		1,006
KCAP Funding I, LLC Revolving Credit Facility
Fiscal 2018	$	26,356	$	2,490	$	—	N/A
Revolving Credit Facility
March 31, 2026	$	80,009	$	1,564			N/A
Fiscal 2025		107,629		1,670		—	N/A
Fiscal 2024		159,479		1,667		—	N/A
Fiscal 2023		92,000		1,646		—	N/A
Fiscal 2022		92,000		1,601		—	N/A
Fiscal 2021		80,571		1,780		—	N/A
Fiscal 2020		49,321		1,560		—	N/A
Fiscal 2019		79,571		1,950		—	N/A
2018-2 Secured Notes
Fiscal 2023	$	125,683	$	1,646	$	—	N/A
Fiscal 2022		178,163		1,601		—	N/A
Fiscal 2021		163,863		1,780		—	N/A
Fiscal 2020		251,863		1,560		—	N/A
4.875% Notes due 2026
Fiscal 2024	$	108,000	$	1,667	$	—	N/A
Fiscal 2023		108,000		1,646		—	N/A
Fiscal 2022		108,000		1,601		—	N/A
Fiscal 2021		108,000		1,780		—	N/A
2026 Notes
March 31, 2026	$	50,000	$	1,564	$	—	N/A
Fiscal 2025		50,000		1,670		—	N/A
2032 Convertible Notes
March 31, 2026	$	2,000	$	1,564	$	—	N/A
Fiscal 2025		2,000		1,670		—	N/A
KeyBank Credit Facility
March 31, 2026	$	50,234	$	1,564	$	—	N/A
Fiscal 2025		42,669		1,670		—	N/A
2029 Notes
March 31, 2026	$	50,000	$	1,564	$	—	N/A
2028 Notes
March 31, 2026	$	35,000	$	1,564	$	—	N/A
Fiscal 2025		35,000		1,670		—	N/A
2030 Notes
March 31, 2026	$	75,000	$	1,564	$	—	N/A
Fiscal 2025		75,000		1,670		—	N/A

(1)

Total amount of each class of senior securities outstanding at the end of the period presented.

(2)

Asset coverage per unit is the ratio of the carrying value of the Company’s total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness.

(3)

The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” indicates information which the SEC expressly does not require to be disclosed for certain types of senior securities.

(4)

Not applicable, except with respect to the 7.375% Notes due 2019 and the 6.125% Notes due 2022, as other debt securities are not registered for public trading. For the years ended December 31, 2017, 2016, and 2015, the average market value per $1,000 of par value of the 7.375% Notes due 2019 was $1,016.04, $1,000.00, and $1,011.96, respectively. For the years-ended December 31, 2020, 2019 and 2018 and for the period from August 14, 2017 (date of issuance) to December 31, 2017, the average market value per $1,000 of par value of the 6.125% Notes due 2022 was $953.20, $1,009.93, $1,009.20 and $1,006.00, respectively. Average market value is computed by taking the daily average of the closing prices for the period.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
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-Paragraph 8A
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2026	May 04, 2026
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Period End Date	Mar. 31, 2026
Entity Registrant Name	BCP Investment Corporation
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001372807
Entity File Number	814-00735
Entity Tax Identification Number	20-5951150
Entity Current Reporting Status	Yes
Entity Address, Address Line One	650 Madison Avenue
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
Entity Incorporation, State or Country Code	DE
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Small Business	false
Trading Symbol	BCIC
City Area Code	212
Local Phone Number	891-2880
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Interactive Data Current	Yes
Document Fiscal Year Focus	2026
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		12,377,481
Document Quarterly Report	true
Document Transition Report	false

Earnings (Losses) Per Share - Schedule of Basic and Diluted Net Increase (Decrease) In Stockholders' Equity Per Share (Parenthetical) (Details) shares in Millions	3 Months Ended
	Mar. 31, 2026 shares
Convertible Notes \| 2032 Convertible Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	0.2

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Policies - Additional Information (Details)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2026

USD ($)

Industry

DebtInvestment

Segment

Portfolio

Mar. 31, 2025

USD ($)

Dec. 31, 2025

USD ($)

Industry

DebtInvestment

Portfolio

InvesteeCompany

Summary Of Significant Accounting Policies [Line Items]

Purchase of investments

$ 13,257

$ 17,504

Repayments and sales of investments

28,322

15,660

Net repayments and sales of investments

$ 15,000

1,800

Number of investee companies where investments held | InvesteeCompany

108

Percentage of investment portfolio valuation

100.00%

Number of debt investments on non-accrual status | DebtInvestment

Aggregate amortized cost of debt investments on non-accrual status

$ 34,400

$ 40,400

Investment at fair value

476,888

^{[1],[2],[3],[4],[5],[6]}

500,975

^{[7],[8],[9],[10],[11],[12]}

Aggregate fair value of debt investments on non-accrual status

12,300

20,000

Debt investment portfolio at fair value

384,100

411,600

Average par balance per entity

$ 3,300

$ 3,500

Number of debt investment portfolio industries | Industry

Number of debt investment portfolio companies | Portfolio

Percentage of investments in non-accrual status at amortized cost

6.20%

7.10%

Percentage of investments in non-accrual status at fair value

2.60%

4.00%

Number of operating segment | Segment

Number of reporting segment | Segment

Amortization of purchase discount on asset acquisitions

$ 2,800

$ 100

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.

Subsequent Events

3 Months Ended

Mar. 31, 2026

Subsequent Events [Abstract]

Subsequent Events

13. SUBSEQUENT EVENTS

On April 27, 2026, the Company redeemed $40.0 million aggregate principal amount of its 2026 Notes. In connection with this redemption, the Company had notified the Trustee on March 27, 2026 of its election to redeem such notes pursuant to the terms of the Base Indenture, the Fourth Supplemental Indenture and the Fifth Supplemental Indenture.

On April 30, 2026, the Company paid its regular monthly base distribution of $0.09 per share of common stock to stockholders of record as of April 15, 2026.

On May 7, 2026, the Company declared a regular monthly base distribution of $0.09 per share of common stock for each of July, August and September 2026. The July 2026 distribution is payable on July 31, 2026 to stockholders of record at the close of business on July 15, 2026. The August 2026 distribution is payable on August 31, 2026 to stockholders of record at the close of business on August 14, 2026. The September 2026 distribution is payable on September 30, 2026 to stockholders of record at the close of business on September 15, 2026.

On May 7, 2026, the Company declared a supplemental cash distribution of $0.03 per share of common stock. The supplemental cash distribution is payable on May 29, 2026 to stockholders of record at the close of business on May 18, 2026.

The Company has evaluated events and transactions occurring subsequent to March 31, 2026, through the date of issuance, for items that should potentially be recognized or disclosed in these financial statements. Other than as described above, management has determined that there are no other material subsequent events that would require adjustment to, or disclosure in, these unaudited consolidated financial statements.

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Other Commitments [Line Items]
Unfunded commitment to investee	$ 31,817	$ 29,983

Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Cost/Amortized Cost

$ 556,390

^{[1],[2],[3],[4],[5],[6]}

$ 565,839

^{[7],[8],[9],[10],[11],[12]}

Common stock, par value

$ 0.01

Common stock, authorized

20,000,000

Common stock, issued

14,009,104

14,003,016

Common stock, outstanding

12,375,787

12,541,858

Non-controlled/Non-affiliated Investments

Cost/Amortized Cost

$ 414,774

^{[1],[2],[3],[4],[5],[6]}

$ 433,213

^{[7],[8],[9],[10],[11],[12]}

Non-controlled Affiliated Investments

Cost/Amortized Cost

99,398

90,294

Controlled Affiliated Investments

Cost/Amortized Cost

42,218

^{[1],[2],[3],[4],[5],[6]}

42,332

^{[7],[8],[9],[10],[11],[12],[13]}

2026 Notes

Debt instruments, net of deferred financing costs and original issue discount

217

312

2028 Notes

Debt instruments, net of deferred financing costs and original issue discount

782

851

2029 Notes

Deferred financing costs, net

881

Debt instruments, net of deferred financing costs and original issue discount

881

2030 Notes

Debt instruments, net of deferred financing costs and original issue discount

2,318

2,423

2032 Convertible Notes

Debt instruments, net of deferred financing costs and original issue discount

102

Great Lakes Portman Ridge Funding LLC Revolving Credit Facility

Deferred financing costs, net

700

825

KeyBank Credit Facility

Deferred financing costs, net

843

904

Debt instruments, net of deferred financing costs and original issue discount

$ 843

$ 904

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.
[13]	As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.

Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operations:
Net investment income	$ 6,890	$ 4,340
Net realized gain (loss) on investment	(2,022)	(173)
Net change in unrealized appreciation (depreciation) on investments	(14,638)	(3,903)
Tax (provision) benefit on realized and unrealized gains (losses) on investments	(403)	(346)
Net increase (decrease) in net assets resulting from operations	(10,173)	(82)
Stockholder distributions:
Distributions declared	(3,958)	(4,967)
Net decrease in net assets resulting from stockholder distributions	(3,958)	(4,967)
Capital share transactions:
Stock issued under dividend reinvestment plan	44	67
Stock repurchases	(2,064)
Net increase (decrease) in net assets resulting from capital share transactions	(2,020)	67
Beginning balance	209,156	178,493
Ending balance	$ 193,005	$ 173,511
Net asset value per common share	$ 15.6	$ 18.85
Common stock, outstanding	12,375,787	9,202,870

Investments - Schedule of Derivative Investments (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	$ 1,571,000		$ 1,571,000
Derivative assets (liabilities)	195,000		180,000
Unrealized gain(loss)	15,000	$ 12,000	(40,000)
Call Option
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	8,000		8,000
Put Option
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	1,563,000		1,563,000
Derivative assets (liabilities)	195,000		180,000
Unrealized gain(loss)	$ 15,000		$ (40,000)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)(3)
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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 4A
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (a)(6)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Section 50
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-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CCC
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CCC
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CCC
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4D

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

+ Details

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

Earnings (Losses) Per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings (Losses) Per Share

3. EARNINGS (LOSSES) PER SHARE

In accordance with the provisions of ASC 260: “Earnings per Share” (“ASC 260”), basic earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis.

The following information sets forth the computation of basic and diluted net increase (decrease) in net assets per share for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands, except share and per share amounts)	2026(1)			2025(1)
Net decrease in net assets resulting from operations – basic and diluted	$	(10,173	)	$	(82	)
Weighted average common stock outstanding – basic and diluted		12,435,534			9,198,223
Net decrease in net assets per share from operations – basic and diluted	$	(0.82	)	$	(0.01	)

(1)

In applying the if-converted method, conversion is not assumed for purposes of computing diluted earnings per share if the effect would be anti-dilutive. For the three months ended March 31, 2026, conversion of the 2032 Convertible Notes into 0.2 million shares was not assumed as the effect on diluted earnings per share would be anti-dilutive. The Company did not hold any potentially dilutive debt instruments during the three months ended March 31, 2025.

Organization - Additional Information (Details) $ / shares in Units, $ in Thousands								3 Months Ended
	Jul. 15, 2025 USD ($) $ / shares shares	Jul. 14, 2025 $ / shares	May 06, 2025 $ / shares	Jun. 09, 2021 USD ($) $ / shares shares	Oct. 28, 2020 $ / shares shares	Dec. 31, 2018	Nov. 08, 2018 USD ($)	Mar. 31, 2026 USD ($) $ / shares shares	Mar. 31, 2025 USD ($)	Dec. 31, 2025 $ / shares shares	Mar. 29, 2019	Mar. 28, 2019
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Company incorporated date								Aug. 08, 2006
Asset coverage requirement percentage											150.00%	200.00%
Incentive fees \| $								$ 873	$ 920
Common stock, par value								$ 0.01		$ 0.01
Common stock, issued \| shares								14,009,104		14,003,016
Common stock, authorized \| shares								20,000,000		20,000,000
Asset Manager Subsidiaries
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Date of acquisition agreement							Nov. 08, 2018
Date of acquisition closing						Dec. 31, 2018
Cash purchase price \| $							$ 37,900
GARS Acquisition
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Date of acquisition agreement					Jun. 24, 2020
Share value in cash					$ 1.19
Common stock, issued \| shares					1.917
Additional consideration funded by adviser					$ 0.31
GARS Acquisition \| Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value					0.01
GARS Acquisition \| GARS Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value					$ 0.001
HCAP Acquisition
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash purchase price \| $				$ 18,540
Additional consideration funded by adviser \| $				$ 2,150
Business acquisition, number of shares issued \| shares				15,252,453
HCAP Acquisition \| Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value				$ 0.01
LRFC Acquisition
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash purchase price \| $	$ 0
Share value in cash	$ 12.55
LRFC Acquisition \| Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value	$ 0.01
Common stock, issued \| shares	3,984,078
Merger related shares issued per LRFC shares converted in to right to receive	1.5
LRFC Acquisition \| O 2025 Q2 Dividends
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Date of record			May 06, 2025
Declared cash distribution of per share of common stock			$ 0.47
LRFC Acquisition \| O 2025 Q3 Dividends
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Date of record		Jul. 14, 2025
Declared cash distribution of per share of common stock		$ 0.38

Borrowings - Schedule of Information about Senior Securities (Details)
$ in Thousands

Mar. 31, 2026

USD ($)

Fiscal 2015 | Convertible Notes due March 15, 2016

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

$ 19,299

^[1]

Asset Coverage per Unit

2,025

^[2]

Fiscal 2015 | 7.375% Notes due 2019

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

41,400

^[1]

Asset Coverage per Unit

2,025

^[2]

Average Market Value per Unit

1,012

^[3]

Fiscal 2015 | Notes Issued by KCAP Senior Funding I, LLC

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

147,350

^[1]

Asset Coverage per Unit

2,025

^[2]

Fiscal 2016 | 7.375% Notes due 2019

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

33,531

^[1]

Asset Coverage per Unit

2,048

^[2]

Average Market Value per Unit

1,000

^[3]

Fiscal 2016 | Notes Issued by KCAP Senior Funding I, LLC

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

147,350

^[1]

Asset Coverage per Unit

2,048

^[2]

Fiscal 2017 | 7.375% Notes due 2019

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

27,000

^[1]

Asset Coverage per Unit

2,713

^[2]

Average Market Value per Unit

1,016

^[3]

Fiscal 2017 | 6.125% Notes Due 2022

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

77,407

^[1]

Asset Coverage per Unit

2,713

^[2]

Average Market Value per Unit

1,006

^[3]

Fiscal 2018 | 6.125% Notes Due 2022

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

77,407

^[1]

Asset Coverage per Unit

2,490

^[2]

Average Market Value per Unit

1,009

^[3]

Fiscal 2018 | KCAP Funding I, LLC Revolving Credit Facility

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

26,356

^[1]

Asset Coverage per Unit

2,490

^[2]

Fiscal 2019 | 6.125% Notes Due 2022

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

77,407

^[1]

Asset Coverage per Unit

1,950

^[2]

Average Market Value per Unit

1,010

^[3]

Fiscal 2019 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

79,571

^[1]

Asset Coverage per Unit

1,950

^[2]

Fiscal 2020 | 6.125% Notes Due 2022

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

76,726

^[1]

Asset Coverage per Unit

1,560

^[2]

Average Market Value per Unit

953

^[3]

Fiscal 2020 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

49,321

^[1]

Asset Coverage per Unit

1,560

^[2]

Fiscal 2020 | 2018-2 Secured Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

251,863

^[1]

Asset Coverage per Unit

1,560

^[2]

Fiscal 2021 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

80,571

^[1]

Asset Coverage per Unit

1,780

^[2]

Fiscal 2021 | 2018-2 Secured Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

163,863

^[1]

Asset Coverage per Unit

1,780

^[2]

Fiscal 2021 | 4.875% Notes due 2026

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

108,000

^[1]

Asset Coverage per Unit

1,780

^[2]

Fiscal 2022 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

92,000

^[1]

Asset Coverage per Unit

1,601

^[2]

Fiscal 2022 | 2018-2 Secured Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

178,163

^[1]

Asset Coverage per Unit

1,601

^[2]

Fiscal 2022 | 4.875% Notes due 2026

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

108,000

^[1]

Asset Coverage per Unit

1,601

^[2]

Fiscal 2023 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

92,000

^[1]

Asset Coverage per Unit

1,646

^[2]

Fiscal 2023 | 2018-2 Secured Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

125,683

^[1]

Asset Coverage per Unit

1,646

^[2]

Fiscal 2023 | 4.875% Notes due 2026

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

108,000

^[1]

Asset Coverage per Unit

1,646

^[2]

Fiscal 2024 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

159,479

^[1]

Asset Coverage per Unit

1,667

^[2]

Fiscal 2024 | 4.875% Notes due 2026

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

108,000

^[1]

Asset Coverage per Unit

1,667

^[2]

Fiscal 2025 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

107,629

^[1]

Asset Coverage per Unit

1,670

^[2]

Fiscal 2025 | 2026 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

50,000

^[1]

Asset Coverage per Unit

1,670

^[2]

Fiscal 2025 | 2032 Convertible Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

2,000

^[1]

Asset Coverage per Unit

1,670

^[2]

Fiscal 2025 | KeyBank Credit Facility

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

42,669

^[1]

Asset Coverage per Unit

1,670

^[2]

Fiscal 2025 | 2028 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

35,000

^[1]

Asset Coverage per Unit

1,670

^[2]

Fiscal 2025 | 2030 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

75,000

^[1]

Asset Coverage per Unit

1,670

^[2]

March 31, 2026 | Revolving Credit Facilities

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

80,009

^[1]

Asset Coverage per Unit

1,564

^[2]

March 31, 2026 | 2026 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

50,000

^[1]

Asset Coverage per Unit

1,564

^[2]

March 31, 2026 | 2032 Convertible Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

2,000

^[1]

Asset Coverage per Unit

1,564

^[2]

March 31, 2026 | KeyBank Credit Facility

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

50,234

^[1]

Asset Coverage per Unit

1,564

^[2]

March 31, 2026 | 2029 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

50,000

^[1]

Asset Coverage per Unit

1,564

^[2]

March 31, 2026 | 2028 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

35,000

^[1]

Asset Coverage per Unit

1,564

^[2]

March 31, 2026 | 2030 Notes

Debt Instrument [Line Items]

Total Amount Outstanding Exclusive of Treasury Securities

75,000

^[1]

Asset Coverage per Unit

$ 1,564

^[2]

[1]	Total amount of each class of senior securities outstanding at the end of the period presented.
[2]	Asset coverage per unit is the ratio of the carrying value of the Company’s total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness.
[3]	Not applicable, except with respect to the 7.375% Notes due 2019 and the 6.125% Notes due 2022, as other debt securities are not registered for public trading. For the years ended December 31, 2017, 2016, and 2015, the average market value per $1,000 of par value of the 7.375% Notes due 2019 was $1,016.04, $1,000.00, and $1,011.96, respectively. For the years-ended December 31, 2020, 2019 and 2018 and for the period from August 14, 2017 (date of issuance) to December 31, 2017, the average market value per $1,000 of par value of the 6.125% Notes due 2022 was $953.20, $1,009.93, $1,009.20 and $1,006.00, respectively. Average market value is computed by taking the daily average of the closing prices for the period.

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required for annual consolidated financial statements. The unaudited interim consolidated financial statements (“consolidated financial statements”) and notes thereto should be read in conjunction with the financial statements and notes thereto in the Company’s Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission (the “Commission” or the “SEC”). The Company is an investment company and follows accounting and reporting guidance in Accounting Standards Codification (“ASC”) 946 — Financial Services — Investment Companies (“ASC 946”). Certain prior year investment related disclosures have been reclassified to conform to the current period presentation. The consolidated financial statements reflect all adjustments, both normal and recurring which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented. Furthermore, the preparation of the consolidated financial statements requires the Company to make significant estimates and assumptions including with respect to the fair value of investments that do not have a readily available market value. Actual results could differ from those estimates, and the differences could be material. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for the full year. The Company consolidates the financial statements of its wholly-owned special purpose financing subsidiaries, including Great Lakes KCAP Funding I, LLC, Kohlberg Capital Funding LLC I, KCAP Senior Funding I, LLC, KCAP Senior Funding I Holdings, LLC, Great Lakes Portman Ridge Funding, LLC, Garrison Capital Equity Holdings VIII LLC, Garrison Capital Equity Holdings XI LLC, GIG Rooster Holdings I LLC, CapitalSouth Partners Fund II Limited Partnership, CapitalSouth Fund III, L.P. and Capitala Business Lending, LLC, in its consolidated financial statements as they are operated solely for investment activities of the Company. The creditors of Great Lakes Portman Ridge Funding, LLC received security interests in the assets which are owned by them and such assets are not intended to be available to the creditors of the Company or any other affiliate. The Company also consolidates various subsidiaries (PTMN Sub Holdings LLC, Garrison Capital Equity Holdings II, LLC, CPTA Master Blocker, Inc., and HCAP Equity Holdings, LLC) created primarily to provide specific tax treatment for the equity and other investments held by these entities. In accordance with Article 6 of Regulation S-X under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company does not consolidate portfolio company investments, including those in which it has a controlling interest. The determination of the tax character of distributions is made on an annual (full calendar year) basis at the end of the year based upon our taxable income for the full year and the distributions paid during the full year. Therefore, an estimate of tax attributes made on a quarterly basis may not be representative of the actual tax attributes of distributions for a full year. It is the Company’s primary investment objective to generate current income and capital appreciation by lending directly to privately-held middle market companies. During the three months ended March 31, 2026, the Company made approximately $13.3 million of investments and had approximately $28.3 million in repayments and sales, resulting in net repayments and sales of approximately $15.0 million for the period. During the three months ended March 31, 2025, the Company made approximately $17.5 million of investments and had approximately $15.7 million in repayments and sales, resulting in net deployment of approximately $1.8 million for the period. As of March 31, 2026, our portfolio consisted of investments in 108 portfolio companies with a fair value of approximately $476.9 million. As of December 31, 2025, our portfolio consisted of investments in 108 portfolio companies with a fair value of approximately $501.0 million. In addition to providing loans to portfolio companies, from time to time the Company assists portfolio companies in securing financing from other sources by introducing such portfolio companies to sponsors or by, among other things, leading a syndicate of lenders to provide the portfolio companies with financing. As of March 31, 2026, the debt investment portfolio (excluding our investments in the CLO Funds, equities and Joint Ventures) was spread across 33 different industries and 72 different portfolio companies with a fair value of approximately $384.1 million and average par balance per investment of approximately $3.3 million. As of December 31, 2025, the debt investment portfolio (excluding our investments in the CLO Funds, equities and Joint Ventures) was spread across 34 different industries and 74 different portfolio companies with a fair value of approximately $411.6 million and average par balance per investment of approximately $3.5 million.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (“ASU 2024-03”), which requires disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, amortization and depletion, within relevant income statement captions. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption and retrospective application is permitted. The Company is currently assessing the impact of this guidance, however, the Company does not expect a material impact on its consolidated financial statements.
Investments	Investments Investment transactions are recorded on the applicable trade date. Realized gains or losses are determined using the specific identification method. Valuation of Portfolio Investments. The Board has designated the Adviser as its “valuation designee” pursuant to Rule 2a-5 under the 1940 Act, and in that role the Adviser is responsible for performing fair value determinations relating to all of the Company’s investments, including periodically assessing and managing any material valuation risks and establishing and applying fair value methodologies, in accordance with valuation policies and procedures that have been approved by the Board. The Board remains ultimately responsible for making fair value determinations under the 1940 Act and satisfies its responsibility through oversight of the valuation designee in accordance with Rule 2a-5. Debt and equity securities for which market quotations are readily available are generally valued at such market quotations. Debt and equity securities that are not publicly traded or whose market price is not readily available are valued by the Adviser based on detailed analyses prepared by management and, in certain circumstances, third parties with valuation expertise. Valuations are conducted by management on 100% of the investment portfolio at the end of each quarter. The Company follows the provisions of ASC 820: Fair Value Measurement (“ASC 820”). This standard defines fair value, establishes a framework for measuring fair value, and expands disclosures about assets and liabilities measured at fair value. ASC 820 defines “fair value” as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Adviser utilizes one or more independent valuation firms to provide third party valuation consulting services. Each quarter the independent valuation firms perform third party valuations of the Company’s investments in material illiquid securities such that they are reviewed at least once during a trailing 12-month period. These third-party valuation estimates are considered as one of the relevant data points in the Adviser’s determination of fair value. The Adviser may consider other methods of valuation than those set forth below to determine the fair value of Level III investments as appropriate in conformity with U.S. GAAP. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may differ materially from the values that would have been used had a readily available market existed for such investments. Further, such investments may be generally subject to legal and other restrictions on resale or otherwise be less liquid than publicly traded securities. In addition, changes in the market environment and other events may occur over the life of the investments that may cause the value realized on such investments to be different from the currently assigned valuations. The majority of the Company’s investment portfolio is composed of debt and equity securities with unique contract terms and conditions and/or complexity that requires a valuation of each individual investment that considers multiple levels of market and asset specific inputs, which may include historical and forecasted financial and operational performance of the individual investment, projected cash flows, market multiples, comparable market transactions, the priority of the security compared with those of other securities for such issuers, credit risk, interest rates, and independent valuations and reviews. Debt Securities. To the extent that the Company’s investments are liquid and are priced or have sufficient price indications from normal course trading at or around the valuation date (financial reporting date), such pricing will be used to determine the fair value of the investments. Valuations from third party pricing services may be used as an indication of fair value, depending on the volume and reliability of the valuation, sufficient and reasonable correlation of bid and ask quotes, and, most importantly, the level of actual trading activity. However, if the Company has been unable to identify directly comparable market indices or other market guidance that correlate directly to the types of investments the Company owns, the Company will determine fair value using alternative methodologies such as available market data, as adjusted, to reflect the types of assets the Company owns, their structure, qualitative and credit attributes and other asset-specific characteristics. The Company derives fair value for its illiquid investments that do not have indicative fair values based upon active trades primarily by using a present value technique that discounts the estimated contractual cash flows for the subject assets with discount rates imputed by broad market indices, bond spreads and yields for comparable issuers relative to the subject assets (the “Income Approach”). The Company also considers, among other things, recent loan amendments or other activity specific to the subject asset. Discount rates applied to estimated contractual cash flows for an underlying asset vary by specific investment, industry, priority and nature of the debt security (such as the seniority or security interest of the debt security) and are assessed relative to leveraged loan and high-yield bond indices, at the valuation date. The Company has identified these indices as benchmarks for broad market information related to its loan and debt securities. Because the Company has not identified any market index that directly correlates to the loan and debt securities held by the Company and therefore uses these benchmark indices, these market indices may require significant adjustment to better correlate such market data for the calculation of fair value of the investment under the Income Approach. Such adjustments require judgment and may be material to the calculation of fair value. Further adjustments to the discount rate may be applied to reflect other market conditions or the perceived credit risk of the borrower. When broad market indices are used as part of the valuation methodology, their use is subject to adjustment for many factors, including priority, collateral used as security, structure, performance and other quantitative and qualitative attributes of the asset being valued. The resulting present value determination is then weighted along with any quotes from observable transactions and broker/pricing quotes. If such quotes are indicative of actual transactions with reasonable trading volume at or near the valuation date that are not liquidation or distressed sales, relatively more reliance will be put on such quotes to determine fair value. If such quotes are not indicative of market transactions or are insufficient as to volume, reliability, consistency or other relevant factors, such quotes will be compared with other fair value indications and given relatively less weight based on their relevancy. Other significant assumptions, such as coupon and maturity, are asset-specific and are noted for each investment in the consolidated schedules of investments included herein. Equity Securities. The Company’s equity securities in portfolio companies for which there is no liquid public market are carried at fair value based on the enterprise value of the portfolio company, which is determined using various factors, including EBITDA (earnings before interest, taxes, depreciation and amortization) and discounted cash flows from operations, less capital expenditures and other pertinent factors, such as recent offers to purchase a portfolio company’s securities or other liquidation events. The determined fair values are generally discounted to account for restrictions on resale and minority ownership positions. In the event market quotations are readily available for the Company’s equity securities in public companies, those investments may be valued using the Market Approach (as defined below). In cases where the Company receives warrants to purchase equity securities, a market standard Black-Scholes model is utilized. The significant inputs used to determine the fair value of equity securities include prices, EBITDA and cash flows after capital expenditures for similar peer comparables and the investment entity itself. Equity securities are classified as Level III, when there is limited activity or less transparency around inputs to the valuation given the lack of information related to such equity investments held in nonpublic companies. Significant assumptions observed for comparable companies are applied to relevant financial data for the specific investment. Such assumptions, such as model discount rates or price/earnings multiples, vary by the specific investment, equity position and industry and incorporate adjustments for risk premiums, liquidity and company specific attributes. Such adjustments require judgment and may be material to the calculation of fair value. Derivatives. The Company recognizes all derivative instruments as assets or liabilities at fair value in its consolidated financial statements. Derivative contracts entered into by the Company are not designated as hedging instruments, and as a result the Company presents changes in fair value and realized gains or losses through current period earnings. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process. The derivatives may require the Company to pay or receive an upfront fee or premium. These upfront fees or premiums are carried forward as cost or proceeds to the derivatives. The Company generally records a realized gain or loss on the expiration, termination, or settlement of a derivative contract. The periodic payments for the securities Swap and Option Agreement (excluding collateral) are included as a realized gain or loss. The Company values derivative contracts using various pricing models that take into account the terms of the contract (including notional amount and contract maturity) and observable and unobservable inputs such as interest rates and changes in fair value of the reference asset. Asset Manager Affiliates. The Company sold all of its investment in the Disposed Manager Affiliates on December 31, 2018. Previously, the Company’s investments in its wholly-owned Asset Manager Affiliates, were carried at fair value, which was primarily determined utilizing the discounted cash flow approach, which incorporated different levels of discount rates depending on the hierarchy of fees earned (including the likelihood of realization of senior, subordinate and incentive fees) and prospective modeled performance. Such valuation took into consideration an analysis of comparable asset management companies and the amount of assets under management. The Asset Manager Affiliates were classified as a Level III investment. Any change in value from period to period was recognized as net change in unrealized appreciation or depreciation. CLO Fund Securities. The Company typically makes a non-controlling investment in the most junior class of securities of CLO Funds. The investments held by CLO Funds generally relate to non-investment grade credit instruments issued by corporations. The Company’s investments in CLO Fund Securities are carried at fair value, which is based either on (i) the present value of the net expected cash inflows for interest income and principal repayments from underlying assets and cash outflows for interest expense, debt pay-down and other fund costs for the CLO Funds that are approaching or past the end of their reinvestment period and therefore are selling assets and/or using principal repayments to pay down CLO Fund debt (or will begin to do so shortly), and for which there continue to be net cash distributions to the class of securities owned by the Company, a Discounted Cash Flow approach, (ii) a discounted cash flow model that utilizes prepayment and loss assumptions based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow and comparable yields for similar securities or preferred shares to those in which the Company has invested, or (iii) indicative prices provided by the underwriters or brokers who arrange CLO Funds, a Market Approach. The Company recognizes unrealized appreciation or depreciation on the Company’s investments in CLO Fund Securities as comparable yields in the market change and/or based on changes in net asset values or estimated cash flows resulting from changes in prepayment or loss assumptions in the underlying collateral pool. As each investment in CLO Fund Securities ages, the expected amount of losses and the expected timing of recognition of such losses in the underlying collateral pool are updated and the revised cash flows are used in determining the fair value of the CLO Fund investment. The Company determines the fair value of its investments in CLO Fund Securities on a security-by-security basis. Due to the individual attributes of each CLO Fund Security, they are classified as a Level III investment unless specific trading activity can be identified at or near the valuation date. When available, observable market information will be identified, evaluated and weighted accordingly in the application of such data to the present value models and fair value determination. Significant assumptions to the present value calculations include default rates, recovery rates, prepayment rates, investment/reinvestment rates and spreads and the discount rate by which to value the resulting underlying cash flows. Such assumptions can vary significantly, depending on market data sources which often vary in depth and level of analysis, understanding of the CLO market, detailed or broad characterization of the CLO market and the application of such data to an appropriate framework for analysis. The application of data points are based on the specific attributes of each individual CLO Fund Security’s underlying assets, historic, current and prospective performance, vintage, and other quantitative and qualitative factors that would be evaluated by market participants. The Company evaluates the source of market data for reliability as an indicative market input, consistency amongst other inputs and results and also the context in which such data is presented. For rated note tranches of CLO Fund Securities (those above the junior class) without transactions to support a fair value for the specific CLO Fund and tranche, fair value is based on discounting estimated bond payments at current market yields, which may reflect the adjusted yield on the leveraged loan index for similarly rated tranches, as well as prices for similar tranches for other CLO Funds and also other factors such as indicative prices provided by underwriters or brokers who arrange CLO Funds, and the default and recovery rates of underlying assets in the CLO Fund, as may be applicable. Such model assumptions may vary and incorporate adjustments for risk premiums and CLO Fund specific attributes. Short-term investments. Short-term investments are generally comprised of money market accounts, time deposits, and U.S. treasury bills. Joint Ventures. The Company carries investments in joint ventures (“Joint Ventures”) at fair value based upon the fair value of the investments held by the joint venture, or the net asset value as a practical expedient. See Note 4 — “Investments” below, for more information regarding the Joint Ventures.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include short-term, highly liquid investments, readily convertible to known amounts of cash, with an original maturity of three months or less in accounts such as demand deposit accounts and certain overnight investment sweep accounts. The Company records cash and cash equivalents at cost, which approximates fair value.
Restricted Cash	Restricted Cash Restricted cash and cash equivalents generally consist of cash held for interest and principal payments on the Company’s borrowings.
Foreign Currency Translations	Foreign Currency Translations The accounting records of the Company are maintained in U.S. dollars. All assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the foreign exchange rate on the date of valuation. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. The Company’s investments in foreign securities may involve certain risks, including without limitation: foreign exchange restrictions, expropriation, taxation or other political, social or economic risks, all of which could affect the market and/or credit risk of the investment. In addition, changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments and therefore the earnings of the Company.
Investment Income	Investment Income Interest Income. Interest income, including the amortization of premium and accretion of discount and accrual of payment-in-kind (“PIK”) interest, is recorded on the accrual basis to the extent that such amounts are expected to be collected. The Company generally places a loan or security on non-accrual status and ceases recognizing interest income on such loan or security when a loan or security becomes 90 days or more past due or if the Company otherwise does not expect the debtor to be able to service its debt obligations. For investments with PIK interest, which represents contractual interest accrued and added to the principal balance that generally becomes due at maturity, we will not accrue PIK interest if the portfolio company valuation indicates that the PIK interest is not collectible (i.e., via a partial or full non-accrual). Loans which are on partial or full non-accrual remain in such status until the borrower has demonstrated the ability and intent to pay contractual amounts due or such loans become current. As of March 31, 2026, twelve of our debt investments were on non-accrual status, which were attributable to nine portfolio companies, with an aggregate amortized cost of $34.4 million and an aggregate fair value of $12.3 million, which represented 6.2% and 2.6% of the investment portfolio, respectively. However, for a subset of the non-accrual population, the Company continues to recognize interest income on a cash basis (i.e., only when cash payments are actually received). Refer to the consolidated schedule of investments for further details. As of December 31, 2025, thirteen of our debt investments were on non-accrual status, which were attributable to ten portfolio companies, with an aggregate amortized cost of $40.4 million and an aggregate fair value of $20.0 million, which represented 7.1% and 4.0% of the investment portfolio, respectively. Investment Income on CLO Fund Securities. The Company generates investment income from its investments in the most junior class of securities issued by CLO Funds (typically preferred shares or subordinated securities). The Company’s CLO Fund junior class securities are subordinated to senior note holders who typically receive a stated interest rate of return based on a floating rate index, such as the Secured Overnight Financing Rate (“SOFR”) on their investment. The CLO Funds are leveraged funds and any excess cash flow or “excess spread” (interest earned by the underlying securities in the fund less payments made to senior note holders and less fund expenses and management fees) is paid to the holders of the CLO Fund’s subordinated securities or preferred shares. U.S. GAAP-basis investment income on CLO equity investments is recorded using the effective interest method in accordance with the provisions of ASC 325-40: Beneficial Interests in Securitized Financial Assets based on the anticipated yield and the estimated cash flows over the projected life of the investment. Yields are revised when there are changes in actual or estimated projected future cash flows due to changes in prepayments and/or re-investments, credit losses or asset pricing. Changes in estimated yield are recognized as an adjustment to the estimated yield prospectively over the remaining life of the investment from the date the estimated yield was changed. Accordingly, investment income recognized on CLO equity securities in the U.S. GAAP statement of operations differs from both the tax–basis investment income and from the cash distributions actually received by the Company during the period. For non-junior class CLO Fund Securities, interest is earned at a fixed spread relative to the SOFR index. Investment Income on Joint Ventures. The Company recognizes investment income on its investment in the Joint Ventures based upon its share of the estimated earnings and profits of the Joint Venture on the ex-dividend or ex-distribution date. The final determination of the tax attributes of distributions from the Joint Ventures is made on an annual (full calendar year) basis at the end of the year based upon taxable income and distributions for the full year. Therefore, any estimate of tax attributes of distributions made on an interim basis may not be representative of the actual tax attributes of distributions for the full year. Fees and other income. Origination fees (to the extent services are performed to earn such income upon closing), amendment fees, consent fees, and other fees associated with investments in portfolio companies are recognized as income when they are earned. Prepayment penalties received by the Company for debt instruments repaid prior to maturity date are recorded as income upon receipt.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs represent fees and other direct costs incurred in connection with the Company’s borrowings. These amounts are capitalized, presented as a reduction of debt, and amortized using the effective interest method over the expected term of the borrowing.
Extinguishment of Debt	Extinguishment of Debt The Company derecognizes a liability if and only if it has been extinguished through delivery of cash, delivery of other financial assets, delivery of goods or services, or reacquisition by the Company of its outstanding debt securities whether the securities are cancelled or held. If the debt contains a cash conversion option, the Company allocates the consideration transferred and transaction costs incurred to the extinguishment of the liability component and the reacquisition of the equity component and recognize a gain or loss in the statement of operations.
Expenses	Expenses The Company is externally managed and in connection with the Advisory Agreement, pays the Adviser certain investment advisory fees and reimburses the Adviser and Administrator for certain expenses incurred in connection with the services they provide. See Note 5 — “Related Party Transactions — Payment of Expenses under the Advisory and Administration Agreements” below.
Shareholder Distributions	Shareholder Distributions Distributions to common stockholders are recorded on the ex-dividend date. The amount of distributions, if any, is determined by the Board each quarter. The Company has adopted a dividend reinvestment plan (the “DRIP”) that provides for reinvestment of its distributions on behalf of its stockholders, unless a stockholder “opts out” of the DRIP to receive cash in lieu of having their cash distributions automatically reinvested in additional shares of the Company’s common stock.
Asset Acquisition	Asset Acquisition The LRFC Acquisition was accounted for under the asset acquisition method of accounting in accordance with ASC 805-50: Business Combinations – Related Issues (“ASC 805-50”), also referred to as “purchase accounting.” Under the asset acquisition method, acquiring assets in groups requires ascertaining the cost of the asset (or net assets) and allocating that cost to the individual assets (or individual assets and liabilities) that make up the group. Per ASC 805-50, assets are recognized based on their cost to the acquiring entity, which generally includes transaction costs of the asset acquisition, and no gain or loss is recognized unless the fair value of non-cash assets given as consideration differs from the assets’ carrying amounts on the acquiring entity’s books. The cost of the group of assets acquired in an asset acquisition is allocated to the individual assets acquired or liabilities assumed based on the relative fair values of net identifiable assets acquired other than “non-qualifying” assets (e.g., cash), and does not give rise to goodwill. To the extent that the consideration paid to the LRFC shareholders or the members of acquired entities exceeded the relative fair values of the net identifiable assets acquired, other than “non-qualifying” assets, any such premium paid by the Company was further allocated to the cost of the assets acquired by the Company pro-rata to their relative fair value, other than “non-qualifying” assets, which are investments in loans and equity securities. The purchase discount allocated to the loan investments acquired will amortize over the life of each respective loan through interest income with a corresponding adjustment recorded as unrealized depreciation on such loans acquired through their ultimate disposition. The purchase discount allocated to equity investments acquired will not amortize over the life of such investments through interest income and, assuming no subsequent change to the fair value of the equity investments acquired and disposition of such equity investments at fair value, the Company will recognize a realized gain with a corresponding reversal of the unrealized appreciation on disposition of such equity investments acquired. Immediately following the completion of the LRFC Acquisition, the Company recorded the acquired assets at their respective fair values. As a result, the acquisition resulted in a purchase discount, which was immediately recognized as unrealized appreciation on the Company’s consolidated statements of operations. The purchase discount allocated to investments in loan securities will amortize over the life of the loans through interest income, with a corresponding reversal of the unrealized appreciation on the loans acquired through their ultimate disposition. For the three months ended March 31, 2026 and March 31, 2025, amortization of the purchase discount relating to asset acquisitions was $2.8 million and less than $0.1 million, respectively. The purchase discount allocated to investments in equity securities will not amortize through interest income and, assuming no subsequent change to the fair value of such equity securities and disposition at fair value, the Company will recognize a realized gain or an increase in realized gains with a corresponding reversal of the unrealized appreciation upon disposition of the LRFC equity securities acquired.
Segment Reporting	Segment Reporting In accordance with ASC 280: Segment Reporting (“ASC 280”), the Company has determined that it has a single operating and reporting segment, the “Investment Management Segment”. As a result, the Company’s segment accounting policies are the same as described herein and the Company does not have any intra-segment sales and transfers of assets. Refer to Note 12 — “Segment Reporting” of our notes to the consolidated financial statements for additional information on segment reporting.

Commitments and Contingencies - Summary of Outstanding Commitments to Fund Investments in Current Portfolio Companies (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

$ 31,817

$ 29,983

13 Scents Inc. (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

571

BetaNXT, Inc. | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

2,868

2,008

Bradshaw International Parent Corp. | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

1,844

CCMG Buyer, LLC (Care Connectors Medical Group) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

500

Datalink, LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

329

Dentive, LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

210

Epilog Partners SPV III, LLC (Care Connectors Medical Group) | Equity

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

HR Pharmaceuticals, LLC | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

885

HR Pharmaceuticals, LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

308

Metrc Inc. | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

394

Metrc Inc. (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

1,240

Middle West Spirits, LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

1,833

Morae Global Corporation (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

100

Morae Global Corporation (Term Loan A) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

2,143

Netwrix Corporation (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

1,148

Newbury Franklin Industrials, LLC | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

853

PMA Parent Holdings LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

197

PMP OPCO, LLC (Princeton Medspa Partners, LLC) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

182

PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

188

RN Enterprises, LLC | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

538

683

Series B - Great Lakes Funding II LLC | Joint Ventures

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

12,595

12,594

Shepherd Parent Holdings, LLC | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

568

Shepherd Parent Holdings, LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

387

Spark Buyer, LLC | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

571

Spinrite, Inc | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

350

438

TA/WEG Holdings, LLC (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

1,222

Tactical Air Support, Inc. | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

^[1]

571

Taoglas Group Holdings Limited (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

$ 35

VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver) | First Lien Debt

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]

Unfunded Portfolio Company Commitments, Par Value

$ 952

[1]	Delayed draw term loan

LRFC Acquisition (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination [Abstract]

Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed as a result of the LRFC Acquisition immediately prior to consummation:


($ in thousands)		July 15, 2025
Common stock issued by the Company (net of offering costs of $404)(1)	$		49,596
Cash paid for fractional shares			0
Transaction costs			3,192
Total purchase consideration			52,788
Assets acquired:
Investments, at fair value (amortized cost of $153,392)			174,274
Cash and cash equivalents			7,085
Interest receivable			1,601
Other assets			1,644
Total assets acquired			184,604
Liabilities assumed:
Debt			103,181
Other liabilities			7,754
Total liabilities assumed			110,935
Net assets acquired			73,669
Total purchase discount	$		(20,881	)

(1) Based on the share price defined in the LRFC Merger Agreement of $12.55 and the approximate 3,984,078 shares of common stock issued by the Company in connection with the LRFC Acquisition, net of offering costs of $0.4 million.

Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Interest income:

Total interest income

$ 12,818

$ 7,616

Payment-in-kind income:

Total payment-in-kind income

3,422

3,061

Dividend income:

Total dividend income

1,047

1,417

Fees and other income:

Total fees and other income

311

Total investment income

17,598

12,118

EXPENSES

Management fees

1,705

1,466

Performance-based incentive fees

873

920

Interest and amortization of debt issuance costs

5,837

4,298

Professional fees

913

452

Administrative services expense

543

411

Directors' expense

123

144

Other general and administrative expenses

714

Total expenses

10,708

7,778

NET INVESTMENT INCOME

6,890

4,340

Net realized gains (losses) from investment transactions:

Net realized gain (loss) on investments

(2,022)

(173)

Net change in unrealized appreciation (depreciation) on:

Net change in unrealized appreciation (depreciation) on derivatives

Net change in unrealized gain (loss) on investments

(14,638)

(3,903)

Tax (provision) benefit on realized and unrealized (gains) losses on investments

(403)

(346)

Net realized and unrealized appreciation (depreciation) on investments, net of taxes

(17,063)

(4,422)

Net increase (decrease) in net assets resulting from operations

$ (10,173)

$ (82)

Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share:

Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share - Basic

$ (0.82)

$ (0.01)

Net Increase (Decrease) In Net Assets Resulting from Operations per Common Share - Diluted

(0.82)

(0.01)

Net Investment Income Per Common Share:

Net investment income (loss) - Basic

^[1],[2]

0.55

0.47

Net investment income (loss) - Diluted

$ 0.55

$ 0.47

Weighted Average Shares of Common Stock Outstanding - Basic

12,435,534

9,198,223

Weighted Average Shares of Common Stock Outstanding - Diluted

12,435,534

9,198,223

Non-controlled/Non-affiliated Investments

Interest income:

Total interest income

$ 11,344

$ 7,300

Payment-in-kind income:

Total payment-in-kind income

^[3]

3,129

2,853

Fees and other income:

Total fees and other income

237

Net realized gains (losses) from investment transactions:

Net realized gain (loss) from investments

(2,022)

(81)

Net change in unrealized appreciation (depreciation) on:

Net change in unrealized appreciation (depreciation) on investments

(10,738)

(1,501)

Non-controlled Affiliated Investments

Interest income:

Total interest income

1,474

316

Payment-in-kind income:

Total payment-in-kind income

293

208

Dividend income:

Total dividend income

1,047

1,417

Fees and other income:

Total fees and other income

Net realized gains (losses) from investment transactions:

Net realized gain (loss) from investments

(92)

Net change in unrealized appreciation (depreciation) on:

Net change in unrealized appreciation (depreciation) on investments

(2,318)

(1,140)

Controlled Affiliated Investments

Net change in unrealized appreciation (depreciation) on:

Net change in unrealized appreciation (depreciation) on investments

$ (1,597)

$ (1,274)

[1]	Based on weighted average number of common shares outstanding-basic for the period.
[2]	Includes the effect of the Purchase Accounting as a result of asset acquisitions. Please refer to Note 2 — "Significant Accounting Policies" and Note 11 — "LRFC Acquisition" for additional information on Purchase Accounting for the LRFC Acquisition.
[3]	During the three months ended March 31, 2026 and 2025, the Company received $0.6 million and $0.2 million, respectively, of non-recurring fee income that was paid in-kind and included in this financial statement line item.

Distributable Taxable Income - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Income Tax Examination [Line Items]
Excise tax percentage	4.00%
Net capital loss carryforward	$ 532,800		$ 528,800
Provision (benefit) for income taxes	403	$ 346
Deferred tax assets	$ 700		$ 1,100
Maximum
Income Tax Examination [Line Items]
Percentage of cash dividend on total distribution	20.00%

N-2 - $ / shares	3 Months Ended
N-2 - $ / shares	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Cover [Abstract]
Entity Central Index Key	0001372807
Amendment Flag	false
Securities Act File Number	814-00735
Document Type	10-Q
Entity Registrant Name	BCP Investment Corporation
Entity Address, Address Line One	650 Madison Avenue
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	212
Local Phone Number	891-2880
Entity Emerging Growth Company	false
General Description of Registrant [Abstract]
Risk Factors [Table Text Block]	Item 1A. Risk Factors There have been no material changes during the quarter ended March 31, 2026 to the risk factors that were included in our Annual Report on Form 10-K for the year ended December 31, 2025.
Share Price	$ 7.52	$ 11.83	$ 14.35	$ 16.34
NAV Per Share	$ 15.6	$ 16.68	$ 18.85	$ 19.41

LRFC Acquisition

3 Months Ended

Mar. 31, 2026

Business Combination [Abstract]

LRFC Acquisition

11. LRFC ACQUISITION

On July 15, 2025, the Company completed its previously announced acquisition of LRFC. In accordance with the LRFC Merger Agreement, at the effective time of the LRFC Acquisition, each share of LRFC common stock issued and outstanding was converted into the right to receive 1.500 newly-issued shares of common stock of the Company with cash paid (without interest) in lieu of fractional shares.

As a result of the LRFC Acquisition and pursuant to the terms of the LRFC Merger Agreement, the Company issued an aggregate of approximately 3,984,078 shares, par value of $0.01 per share, of its common stock to former LRFC stockholders.

As additional consideration funded by LRFC’s investment adviser, LRFC shareholders of record as of May 6, 2025 received a cash payment of $0.47 per share. In addition, LRFC shareholders of record as of July 14, 2025 received a tax distribution of $0.38 per share from LRFC.

The LRFC Acquisition was accounted for as an asset acquisition in accordance with ASC 805-50. The consideration paid to LRFC’s shareholders was less than the aggregate fair values of the assets acquired and liabilities assumed, which resulted in a purchase discount (the “purchase discount”). The purchase discount was allocated to the cost of LRFC investments acquired by the Company on a pro-rata basis based on their relative fair values as of the closing date of the LRFC Acquisition. Immediately following the LRFC Acquisition, the Company marked the investments to their respective fair values and, as a result, the purchase discount allocated to the cost basis of the investments acquired was immediately recognized as unrealized appreciation on the Company’s consolidated statements of operations. The purchase discount allocated to the loan investments acquired will amortize over the life of each respective loan through interest income with a corresponding adjustment recorded as unrealized depreciation on such loans acquired through their ultimate disposition. The purchase discount allocated to equity investments acquired will not amortize over the life of such investments through interest income and, assuming no subsequent change to the fair value of the equity investments acquired and disposition of such equity investments at fair value, the Company will recognize a realized gain with a corresponding reversal of the unrealized appreciation on disposition of such equity investments acquired.

The LRFC Acquisition was considered a tax-free reorganization and the Company has elected to carry forward the historical cost basis of the LRFC investments for tax purposes.

The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed as a result of the LRFC Acquisition immediately prior to consummation:


($ in thousands)		July 15, 2025
Common stock issued by the Company (net of offering costs of $404)(1)	$		49,596
Cash paid for fractional shares			0
Transaction costs			3,192
Total purchase consideration			52,788
Assets acquired:
Investments, at fair value (amortized cost of $153,392)			174,274
Cash and cash equivalents			7,085
Interest receivable			1,601
Other assets			1,644
Total assets acquired			184,604
Liabilities assumed:
Debt			103,181
Other liabilities			7,754
Total liabilities assumed			110,935
Net assets acquired			73,669
Total purchase discount	$		(20,881	)

- Definition

The entire disclosure for business combination.

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+ Details

Investments - Company Portfolio by Security and Investment (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 556,390

^{[1],[2],[3],[4],[5],[6]}

$ 565,839

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 476,888

^{[1],[2],[3],[4],[5],[6]}

$ 500,975

^{[7],[8],[9],[10],[11],[12]}

Fair Value Percentage of Total Portfolio

100.00%

Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 64,635

$ 58,717

Fair Value

$ 65,790

$ 61,024

Fair Value Percentage of Total Portfolio

13.90%

12.20%

Software

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 76,168

$ 75,864

Fair Value

$ 57,561

$ 62,850

Fair Value Percentage of Total Portfolio

12.20%

12.50%

Financial Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 51,962

$ 53,013

Fair Value

$ 53,119

$ 53,424

Fair Value Percentage of Total Portfolio

11.10%

10.70%

Joint Venture

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 64,289

$ 64,403

Fair Value

$ 44,967

$ 48,165

Fair Value Percentage of Total Portfolio

9.40%

9.60%

IT Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 32,936

$ 34,738

Fair Value

$ 34,489

$ 36,812

Fair Value Percentage of Total Portfolio

7.20%

7.30%

Diversified Consumer Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 28,992

$ 28,543

Fair Value

$ 24,917

$ 25,933

Fair Value Percentage of Total Portfolio

5.20%

Commercial Services & Supplies

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 22,580

$ 22,368

Fair Value

$ 23,332

$ 23,274

Fair Value Percentage of Total Portfolio

4.90%

4.60%

Leisure Products

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 15,500

$ 15,412

Fair Value

$ 16,434

$ 16,311

Fair Value Percentage of Total Portfolio

3.40%

3.20%

Textiles, Apparel & Luxury Goods

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 10,895

$ 10,776

Fair Value

$ 15,764

$ 14,059

Fair Value Percentage of Total Portfolio

3.30%

2.80%

Aerospace & Defense

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 14,455

$ 14,468

Fair Value

$ 14,623

$ 14,664

Fair Value Percentage of Total Portfolio

3.10%

2.90%

Media

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 17,563

$ 17,252

Fair Value

$ 14,273

$ 15,617

Fair Value Percentage of Total Portfolio

3.00%

3.10%

Food Products

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 8,523

$ 8,417

Fair Value

$ 8,930

$ 8,802

Fair Value Percentage of Total Portfolio

1.90%

1.80%

Health Care Equipment & Supplies

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 9,725

$ 6,804

Fair Value

$ 8,207

$ 5,103

Fair Value Percentage of Total Portfolio

1.70%

1.00%

Personal Care Products

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 7,423

$ 3,511

Fair Value

$ 7,848

$ 3,948

Fair Value Percentage of Total Portfolio

1.60%

0.80%

Household Durables

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 6,949

$ 6,083

Fair Value

$ 6,882

$ 5,952

Fair Value Percentage of Total Portfolio

1.40%

1.20%

Ground Transportation

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 6,854

$ 7,319

Fair Value

$ 6,875

$ 7,352

Fair Value Percentage of Total Portfolio

1.40%

1.50%

Household Products

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 7,168

$ 7,055

Fair Value

$ 6,490

$ 6,511

Fair Value Percentage of Total Portfolio

1.40%

1.30%

Trading Companies & Distributors

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 5,770

$ 6,688

Fair Value

$ 5,991

$ 6,946

Fair Value Percentage of Total Portfolio

1.30%

1.40%

Capital Markets

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 6,196

$ 6,143

Fair Value

$ 5,955

$ 6,002

Fair Value Percentage of Total Portfolio

1.20%

Health Care Technology

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 7,014

$ 8,289

Fair Value

$ 5,953

$ 7,448

Fair Value Percentage of Total Portfolio

1.20%

1.50%

Automobile Components

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 4,539

Fair Value

$ 5,906

$ 4,477

Fair Value Percentage of Total Portfolio

1.20%

0.90%

Professional Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 5,446

$ 5,410

Fair Value

$ 5,277

$ 5,509

Fair Value Percentage of Total Portfolio

1.10%

Electronic Equipment, Instruments & Components

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 4,382

$ 4,375

Fair Value

$ 4,703

$ 4,734

Fair Value Percentage of Total Portfolio

1.00%

0.90%

Machinery

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 6,734

$ 6,451

Fair Value

$ 4,524

$ 5,798

Fair Value Percentage of Total Portfolio

0.90%

1.20%

Consumer Staples Distribution & Retail

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 5,876

$ 5,827

Fair Value

$ 4,404

$ 5,132

Fair Value Percentage of Total Portfolio

0.90%

1.00%

Interactive Media & Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 3,664

$ 17,781

Fair Value

$ 4,071

$ 19,000

Fair Value Percentage of Total Portfolio

0.90%

3.80%

Metals & Mining

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 10,445

Fair Value

$ 4,035

$ 4,150

Fair Value Percentage of Total Portfolio

0.80%

Containers & Packaging

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 2,944

$ 2,724

Fair Value

$ 2,834

$ 2,568

Fair Value Percentage of Total Portfolio

0.60%

0.50%

Hotels, Restaurants & Leisure

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 7,717

$ 7,716

Fair Value

$ 2,134

$ 2,263

Fair Value Percentage of Total Portfolio

0.40%

0.50%

CLO Fund Securities

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,381

Fair Value

$ 1,690

$ 1,789

Fair Value Percentage of Total Portfolio

0.40%

Electrical Equipment

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,251

$ 1,250

Fair Value

$ 1,259

$ 1,271

Fair Value Percentage of Total Portfolio

0.30%

Technology Hardware, Storage & Peripherals

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,407

Fair Value

$ 1,242

$ 1,308

Fair Value Percentage of Total Portfolio

0.30%

Communications Equipment

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,020

Fair Value

$ 1,209

$ 1,116

Fair Value Percentage of Total Portfolio

0.30%

0.20%

Diversified Telecommunication Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 675

Fair Value

$ 1,147

$ 1,146

Fair Value Percentage of Total Portfolio

0.20%

Beverages

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 922

$ 6,596

Fair Value

$ 1,141

$ 7,158

Fair Value Percentage of Total Portfolio

0.20%

1.40%

Specialty Retail

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 7,482

$ 7,469

Fair Value

$ 976

$ 967

Fair Value Percentage of Total Portfolio

0.20%

Energy Equipment & Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 394

Fair Value

$ 778

$ 611

Fair Value Percentage of Total Portfolio

0.20%

0.10%

Building Products

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,500

Fair Value

$ 775

$ 505

Fair Value Percentage of Total Portfolio

0.20%

0.10%

Industrial Conglomerates

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 324

Fair Value

$ 324

Fair Value Percentage of Total Portfolio

0.10%

Transportation Infrastructure

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 2,346

Fair Value

$ 59

$ 952

Fair Value Percentage of Total Portfolio

0.00%

0.20%

Wireless Telecommunication Services

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 866

Fair Value Percentage of Total Portfolio

0.00%

Broadline Retail

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,687

$ 1,689

Fair Value Percentage of Total Portfolio

0.00%

Oil, Gas & Consumable Fuels

Summary of Investment Holdings [Line Items]

Fair Value Percentage of Total Portfolio

0.00%

Asset Management Company

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

^[13]

$ 17,791

Fair Value Percentage of Total Portfolio

^[13]

0.00%

First Lien Debt

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 348,092

$ 360,556

Fair Value

$ 321,125

$ 344,126

Fair Value Percentage of Total Portfolio

67.40%

68.70%

Second Lien Debt

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 48,588

$ 49,777

Fair Value

$ 38,495

$ 42,183

Fair Value Percentage of Total Portfolio

8.10%

8.40%

Subordinated Debt

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 27,975

$ 27,487

Fair Value

$ 24,467

$ 25,339

Fair Value Percentage of Total Portfolio

5.10%

Collateralized Loan Obligations

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 1,381

Fair Value

$ 1,690

$ 1,789

Fair Value Percentage of Total Portfolio

0.40%

Joint Ventures

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 64,289

$ 64,403

Fair Value

$ 44,967

$ 48,165

Fair Value Percentage of Total Portfolio

9.40%

9.60%

Equity

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

$ 48,243

$ 44,413

Fair Value

$ 45,949

$ 39,193

Fair Value Percentage of Total Portfolio

9.60%

7.80%

Asset Manager Affiliates

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

^[14]

$ 17,791

Derivatives

Summary of Investment Holdings [Line Items]

Cost/Amortized Cost

Fair Value

$ 195

$ 180

Fair Value Percentage of Total Portfolio

0.00%

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.
[13]	Represents the equity investment in the Asset Manager Affiliates.
[14]	Represents the equity investment in the Asset Manager Affiliates.

Consolidated Schedule of Investments - USD ($)

Mar. 31, 2026

Dec. 31, 2025

Dec. 31, 2024

Schedule of Investments [Line Items]

Investments rate

247.10%

^{[1],[2],[3],[4],[5],[6]}

239.50%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 556,390,000

^{[1],[2],[3],[4],[5],[6]}

$ 565,839,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

476,888,000

^{[1],[2],[3],[4],[5],[6]}

500,975,000

^{[7],[8],[9],[10],[11],[12]}

Derivatives

Schedule of Investments [Line Items]

Cost/Amortized Cost

31,000

Fair Value

195,000

180,000

Joint Ventures

Schedule of Investments [Line Items]

Cost/Amortized Cost

64,289,000

64,403,000

Fair Value

44,967,000

48,165,000

Subordinated Debt

Schedule of Investments [Line Items]

Cost/Amortized Cost

27,975,000

27,487,000

Fair Value

24,467,000

25,339,000

Asset Manager Affiliates

Schedule of Investments [Line Items]

Cost/Amortized Cost

^[13]

$ 17,791,000

Investments in Non-Control, Non-Affiliate Portfolio Companies

Schedule of Investments [Line Items]

Investments rate

197.20%

^{[1],[2],[3],[4],[5],[6]}

195.90%

^{[7],[8],[9],[10],[12]}

Cost/Amortized Cost

$ 414,774,000

^{[1],[2],[3],[4],[5],[6]}

$ 433,213,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 380,573,000

^{[1],[2],[3],[4],[5],[6]}

$ 409,735,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Non-Control, Non-Affiliate Portfolio Companies | First Lien/Senior Secured Debt

Schedule of Investments [Line Items]

Investments rate

153.20%

^{[1],[2],[3],[4],[5],[6]}

154.60%

^{[7],[8],[9],[10],[12]}

Cost/Amortized Cost

$ 320,753,000

^{[1],[2],[3],[4],[5],[6]}

$ 339,520,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 295,778,000

^{[1],[2],[3],[4],[5],[6]}

$ 323,261,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Non-Control, Non-Affiliate Portfolio Companies | Second Lien/Senior Secured Debt

Schedule of Investments [Line Items]

Investments rate

17.90%

^{[1],[2],[3],[4],[5],[6]}

18.30%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 43,247,000

^{[1],[2],[3],[4],[5],[6]}

$ 44,437,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 34,582,000

^{[1],[2],[3],[4],[5],[6]}

$ 38,313,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Non-Control, Non-Affiliate Portfolio Companies | Common Stock and Membership Units

Schedule of Investments [Line Items]

Investments rate

8.30%

^{[1],[2],[3],[4],[5],[6]}

6.70%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 13,172,000

^{[1],[2],[3],[4],[5],[6]}

$ 13,173,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 15,996,000

^{[1],[2],[3],[4],[5],[6]}

$ 14,077,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Non-Control, Non-Affiliate Portfolio Companies | Derivatives

Schedule of Investments [Line Items]

Investments rate

0.10%

^{[1],[2],[3],[4],[5],[6]}

0.10%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 31,000

^{[1],[2],[3],[4],[5],[6]}

$ 31,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 195,000

^{[1],[2],[3],[4],[5],[6]}

$ 180,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Non-Control, Non-Affiliate Portfolio Companies | Collateralized Loan Obligations

Schedule of Investments [Line Items]

Investments rate

0.00%

^{[1],[2],[3],[4],[5],[6]}

0.10%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 112,000

^{[1],[2],[3],[4],[5],[6]}

$ 112,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

^{[7],[8],[9],[10],[11],[12]}

$ 112,000

Investments in Non-Control, Non-Affiliate Portfolio Companies | Preferred Stock and Units

Schedule of Investments [Line Items]

Investments rate

5.00%

^{[1],[2],[3],[4],[5],[6]}

4.00%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 9,484,000

^{[1],[2],[3],[4],[5],[6]}

$ 8,453,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 9,555,000

^{[1],[2],[3],[4],[5],[6]}

$ 8,453,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Non-Control, Non-Affiliate Portfolio Companies | Subordinated Debt

Schedule of Investments [Line Items]

Investments rate

12.70%

^{[1],[2],[3],[4],[5],[6]}

12.10%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 27,975,000

^{[1],[2],[3],[4],[5],[6]}

$ 27,487,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 24,467,000

^{[1],[2],[3],[4],[5],[6]}

$ 25,339,000

^{[7],[8],[9],[10],[11],[12]}

Investments in Affiliate Portfolio Companies

Schedule of Investments [Line Items]

Investments rate

45.30%

^{[1],[2],[3],[4],[5],[6],[14]}

38.50%

^{[7],[8],[9],[10],[11],[12],[15]}

Cost/Amortized Cost

$ 99,398,000

^{[1],[2],[3],[4],[5],[6]}

$ 90,294,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 87,371,000

^{[1],[2],[3],[4],[5],[6]}

$ 80,585,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investments in Affiliate Portfolio Companies | First Lien/Senior Secured Debt

Schedule of Investments [Line Items]

Investments rate

13.10%

^{[1],[2],[3],[4],[5],[6],[14]}

10.00%

^{[7],[8],[9],[10],[11],[12],[15]}

Cost/Amortized Cost

$ 27,339,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 21,036,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 25,347,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 20,865,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investments in Affiliate Portfolio Companies | Second Lien/Senior Secured Debt

Schedule of Investments [Line Items]

Investments rate

2.00%

^{[1],[2],[3],[4],[5],[6],[14]}

1.90%

^{[7],[8],[9],[10],[11],[12],[15]}

Cost/Amortized Cost

$ 5,341,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 5,340,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 3,913,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 3,870,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investments in Affiliate Portfolio Companies | Common Stock and Membership Units

Schedule of Investments [Line Items]

Investments rate

6.10%

^{[1],[2],[3],[4],[5],[6]}

4.10%

^{[7],[8],[9],[10],[11],[12]}

Cost/Amortized Cost

$ 11,704,000

^{[1],[2],[3],[4],[5],[6]}

$ 9,553,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 11,697,000

^{[1],[2],[3],[4],[5],[6]}

$ 8,664,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investments in Affiliate Portfolio Companies | Derivatives

Schedule of Investments [Line Items]

Investments rate

0.00%

^{[1],[2],[3],[4],[5],[6]}

0.00%

^{[7],[8],[9],[10],[11],[12],[16]}

Investments in Affiliate Portfolio Companies | Collateralized Loan Obligations

Schedule of Investments [Line Items]

Investments rate

0.90%

^{[1],[2],[3],[4],[5],[6],[14]}

0.80%

^{[7],[8],[9],[10],[11],[12],[15]}

Cost/Amortized Cost

$ 1,269,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 1,269,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 1,690,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 1,677,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investments in Affiliate Portfolio Companies | Joint Ventures

Schedule of Investments [Line Items]

Investments rate

18.70%

^{[1],[2],[3],[4],[5],[6],[14]}

17.90%

^{[7],[8],[9],[10],[11],[12],[15]}

Cost/Amortized Cost

$ 39,862,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 39,862,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 36,023,000

^{[1],[2],[3],[4],[5],[6],[14]}

$ 37,510,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investments in Affiliate Portfolio Companies | Preferred Stock and Units

Schedule of Investments [Line Items]

Investments rate

4.50%

^{[1],[2],[3],[4],[5],[6],[14]}

3.80%

^{[7],[8],[9],[10],[11],[12],[15]}

Cost/Amortized Cost

$ 13,883,000

^{[1],[2],[3],[4],[5],[6]}

$ 13,234,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 8,701,000

^{[1],[2],[3],[4],[5],[6]}

$ 7,999,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investment, Affiliated Issuer, Controlled [Member]

Schedule of Investments [Line Items]

Investments rate

4.60%

^{[1],[2],[3],[4],[5],[6]}

5.10%

^{[7],[8],[9],[10],[11],[12],[17]}

Cost/Amortized Cost

$ 42,218,000

^{[1],[2],[3],[4],[5],[6]}

$ 42,332,000

^{[7],[8],[9],[10],[11],[12],[17]}

Fair Value

$ 8,944,000

^{[1],[2],[3],[4],[5],[6]}

$ 10,655,000

^{[7],[8],[9],[10],[11],[12],[17]}

Investment, Affiliated Issuer, Controlled [Member] | Joint Ventures

Schedule of Investments [Line Items]

Investments rate

4.60%

^{[1],[2],[3],[4],[5],[6]}

5.10%

^{[7],[8],[9],[10],[11],[12],[17]}

Cost/Amortized Cost

$ 24,427,000

^{[1],[2],[3],[4],[5],[6]}

$ 24,541,000

^{[7],[8],[9],[10],[11],[12],[17]}

Fair Value

$ 8,944,000

^{[1],[2],[3],[4],[5],[6]}

$ 10,655,000

^{[7],[8],[9],[10],[11],[12],[17]}

Investment, Affiliated Issuer, Controlled [Member] | Asset Manager Affiliates

Schedule of Investments [Line Items]

Investments rate

0.00%

^{[1],[2],[3],[4],[5],[6]}

0.00%

^{[7],[8],[9],[10],[11],[12],[17]}

Cost/Amortized Cost

$ 17,791,000

^{[1],[2],[3],[4],[5],[6]}

$ 17,791,000

^{[7],[8],[9],[10],[11],[12],[17]}

Investment, Identifier [Axis]: Controlled investments KCAP Freedom 3, LLC Type of Investment Joint Ventures Industry Classification Joint Venture

Schedule of Investments [Line Items]

Par/ Shares

27,220,000

^{[18],[19],[20]}

27,220,000

^{[21],[22],[23]}

Fair Value

$ 8,944,000

^{[18],[19],[20]}

$ 10,655,000

^{[18],[19],[20]}

$ 13,015,000

^{[21],[22],[23]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Collateralized Loan Obligations JMP Credit Advisors CLO IV LTD CLO Fund Securities Maturity 07/17/29

Schedule of Investments [Line Items]

Maturity

Jul. 17, 2029

^{[1],[2],[3],[4],[5],[6],[14],[24],[25],[26]}

Jul. 17, 2029

^{[7],[8],[9],[10],[11],[12],[15],[27],[28],[29]}

Par/ Shares

$ 26,298,000

^{[1],[2],[3],[4],[5],[6],[14],[25],[26],[30]}

$ 26,298,000

^{[7],[8],[9],[10],[11],[12],[15],[28],[29],[31]}

Cost/Amortized Cost

230,000

^{[1],[2],[3],[4],[5],[6],[14],[24],[25],[26]}

230,000

^{[7],[8],[9],[10],[11],[12],[15],[27],[28],[29]}

Fair Value

$ 87,000

^{[1],[2],[3],[4],[5],[6],[14],[24],[25],[26]}

$ 121,000

^{[7],[8],[9],[10],[11],[12],[15],[27],[28],[29]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Collateralized Loan Obligations JMP Credit Advisors CLO V LTD CLO Fund Securities Maturity 07/17/30

Schedule of Investments [Line Items]

Maturity

Jul. 17, 2030

^{[1],[2],[3],[4],[5],[6],[14],[24],[25],[26]}

Jul. 17, 2030

^{[7],[8],[9],[10],[11],[12],[15],[27],[28],[29]}

Par/ Shares

$ 24,394,000

^{[1],[2],[3],[4],[5],[6],[14],[25],[26],[30]}

$ 24,394,000

^{[7],[8],[9],[10],[11],[12],[15],[28],[29],[31]}

Cost/Amortized Cost

1,039,000

^{[1],[2],[3],[4],[5],[6],[14],[24],[25],[26]}

1,039,000

^{[7],[8],[9],[10],[11],[12],[15],[27],[28],[29]}

Fair Value

$ 1,603,000

^{[1],[2],[3],[4],[5],[6],[14],[24],[25],[26]}

$ 1,556,000

^{[7],[8],[9],[10],[11],[12],[15],[27],[28],[29]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Burgaflex Holdings, LLC - Class A Automobile Components

Schedule of Investments [Line Items]

Par/ Shares

1,253,198

^{[1],[2],[3],[4],[5],[6],[14],[30],[32]}

1,253,198

^{[7],[8],[9],[10],[11],[12],[15],[31],[33]}

Cost/Amortized Cost

$ 2,656,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 2,656,000

^{[7],[8],[9],[10],[11],[12],[15],[33]}

Fair Value

$ 3,567,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 2,333,000

^{[7],[8],[9],[10],[11],[12],[15],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Burgaflex Holdings, LLC - Class B Automobile Components

Schedule of Investments [Line Items]

Par/ Shares

1,085,073

^{[1],[2],[3],[4],[5],[6],[14],[30],[32]}

1,085,073

^{[7],[8],[9],[10],[11],[12],[15],[31],[33]}

Cost/Amortized Cost

$ 1,883,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 1,883,000

^{[7],[8],[9],[10],[11],[12],[15],[33]}

Fair Value

$ 2,339,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 2,144,000

^{[7],[8],[9],[10],[11],[12],[15],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Datalink, LLC Health Care Technology

Schedule of Investments [Line Items]

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30]}

4,928

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

$ 2,151,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 1,328,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units GreenPark Infrastructure, LLC - Series M-1 Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

8,977

^{[1],[2],[3],[4],[5],[6],[14],[30],[32],[34]}

8,977

^{[7],[8],[9],[10],[11],[12],[15],[31],[33],[35]}

Cost/Amortized Cost

$ 2,969,000

^{[1],[2],[3],[4],[5],[6],[32],[34]}

$ 2,969,000

^{[7],[8],[9],[10],[11],[12],[15],[33],[35]}

Fair Value

$ 3,097,000

^{[1],[2],[3],[4],[5],[6],[32],[34]}

$ 3,074,000

^{[7],[8],[9],[10],[11],[12],[15],[33],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Kleen-Tech Acquisition, LLC Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

250,000

^{[1],[2],[3],[4],[5],[6],[14],[30],[36]}

250,000

^{[7],[8],[9],[10],[11],[12],[15],[31],[37]}

Cost/Amortized Cost

$ 1,264,000

^{[1],[2],[3],[4],[5],[6],[36]}

$ 1,264,000

^{[7],[8],[9],[10],[11],[12],[15],[37]}

Fair Value

$ 250,000

^{[1],[2],[3],[4],[5],[6],[36]}

$ 250,000

^{[7],[8],[9],[10],[11],[12],[15],[37]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units MMI Holdings, LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[32]}

^{[7],[8],[9],[10],[11],[12],[15],[31],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Phoenix Aviation Capital, LLC Aerospace & Defense

Schedule of Investments [Line Items]

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[34]}

^{[7],[8],[9],[10],[11],[12],[15],[31],[35]}

Cost/Amortized Cost

$ 387,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 387,000

^{[7],[8],[9],[10],[11],[12],[15],[35]}

Fair Value

$ 333,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 242,000

^{[7],[8],[9],[10],[11],[12],[15],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Princeton Medspa Partners, LLC - Warrant Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

0.03

^{[1],[2],[3],[4],[5],[6],[14],[30],[34]}

0.03

^{[7],[8],[9],[10],[11],[12],[15],[31],[35]}

Fair Value

$ 5,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 10,000

^{[7],[8],[9],[10],[11],[12],[15],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Sierra Hamilton Holdings Corporation Energy Equipment & Services

Schedule of Investments [Line Items]

Par/ Shares

27,396,364

^{[1],[2],[3],[4],[5],[6],[14],[30],[32]}

27,396,364

^{[7],[8],[9],[10],[11],[12],[15],[31],[33]}

Cost/Amortized Cost

$ 394,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 394,000

^{[7],[8],[9],[10],[11],[12],[15],[33]}

Fair Value

778,000

^{[1],[2],[3],[4],[5],[6],[32]}

611,000

^{[7],[8],[9],[10],[11],[12],[15],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Derivatives Princeton Medspa Partners, LLC Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

$ 1,000,000,000

^{[1],[2],[3],[4],[5],[6],[14],[26],[30],[34]}

$ 1,000,000,000

^{[7],[8],[9],[10],[11],[12],[15],[29],[31],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt American Clinical Solutions, LLC Health Care Providers & Services Interest Rate 10.67% Reference Rate and Spread SOFR + 7.00%, 3.67% PIK Floor 1.00% Maturity 06/30/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[14],[38]}

10.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[14],[38]}

3.67%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[14],[38]}

7.00%

Floor

^{[1],[2],[3],[4],[5],[6],[14],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14]}

Jun. 30, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30]}

$ 8,019,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14]}

7,093,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14]}

$ 4,892,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt American Clinical Solutions, LLC Health Care Providers & Services Interest Rate 10.82% Reference Rate and Spread SOFR + 7.00%, 3.82% PIK Floor 1.00% Maturity 06/30/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[15],[39]}

10.82%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[15],[39]}

3.82%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[15],[39]}

7.00%

Floor

^{[7],[8],[9],[10],[11],[12],[15],[39]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[15]}

Jun. 30, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[15],[31]}

$ 7,943,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[15]}

6,171,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[15]}

$ 5,084,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC (Revolver) Health Care Technology Maturity 02/05/33

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[40]}

Feb. 05, 2033

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[40]}

$ (79,000)

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC Health Care Technology Interest Rate 10.00%PIK Maturity 02/05/33

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[14],[38]}

10.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[41]}

Feb. 05, 2033

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[41]}

$ 2,779,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[41]}

2,552,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[41]}

$ 2,112,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt HR Pharmaceuticals, LLC (Revolver) Health Care Equipment & Supplies Interest Rate 9.70% Reference Rate and Spread SOFR + 6.00% Floor 2.00% Maturity 01/29/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[14],[38],[40]}

9.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[14],[38],[40]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[14],[38],[40]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[40]}

Jan. 29, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[40]}

$ 34,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[40]}

28,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[40]}

$ 27,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt HR Pharmaceuticals, LLC Health Care Equipment & Supplies Interest Rate 9.70% Reference Rate and Spread SOFR + 6.00% Floor 2.00% Maturity 01/29/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[41]}

9.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[40],[41]}

Jan. 29, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[40],[41]}

$ 2,773,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[40],[41]}

2,710,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[40],[41]}

$ 2,708,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 09/30/26

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[42]}

Sep. 30, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[42]}

$ 5,215,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[42]}

4,201,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[42]}

$ 4,716,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 12/31/25

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[11],[12],[15],[43]}

Dec. 31, 2025

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[15],[31],[43]}

$ 5,030,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[15],[43]}

4,018,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[15],[43]}

$ 4,632,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver) Diversified Consumer Services Reference Rate and Spread SOFR + 8.50% Floor 2.00% Maturity 05/31/29

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

8.50%

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[44]}

8.50%

^{[7],[8],[9],[10],[11],[12],[15],[39],[45],[46]}

Floor

2.00%

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[44]}

2.00%

^{[7],[8],[9],[10],[11],[12],[15],[39],[45],[46]}

Maturity

May 31, 2029

^{[1],[2],[3],[4],[5],[6],[14],[40],[44]}

May 31, 2029

^{[7],[8],[9],[10],[11],[12],[15],[45],[46]}

Cost/Amortized Cost

$ (2,000)

^{[1],[2],[3],[4],[5],[6],[14],[40],[44]}

$ (3,000)

^{[7],[8],[9],[10],[11],[12],[15],[45],[46]}

Fair Value

$ (17,000)

^{[1],[2],[3],[4],[5],[6],[14],[40],[44]}

$ (13,000)

^{[7],[8],[9],[10],[11],[12],[15],[45],[46]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt PMP OPCO, LLC (Princeton Medspa Partners, LLC) Diversified Consumer Services Interest Rate 12.17% Reference Rate and Spread SOFR + 8.50% Floor 2.00% Maturity 05/31/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[41]}

12.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[41]}

8.50%

Floor

^{[1],[2],[3],[4],[5],[6],[14],[38],[40],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[40],[41]}

May 31, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[40],[41]}

$ 1,999,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[40],[41]}

1,975,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[40],[41]}

$ 1,807,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt PMP OPCO, LLC (Princeton Medspa Partners, LLC) Diversified Consumer Services Interest Rate 12.59% Reference Rate and Spread SOFR + 8.50% Floor 2.00% Maturity 05/31/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[15],[39],[45],[47]}

12.59%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[15],[39],[45],[47]}

8.50%

Floor

^{[7],[8],[9],[10],[11],[12],[15],[39],[45],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[15],[45],[47]}

May 31, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[15],[31],[45],[47]}

$ 2,005,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[15],[45],[47]}

1,977,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[15],[45],[47]}

$ 1,855,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Riddell, Inc. Leisure Products Interest Rate 9.68% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 03/29/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[14],[38],[41]}

9.68%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[14],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[14],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[41]}

Mar. 29, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[41]}

$ 9,181,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[41]}

8,782,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[41]}

9,181,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Riddell, Inc. Leisure Products Interest Rate 9.74% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 03/29/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[15],[39],[47]}

9.74%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[15],[39],[47]}

6.00%

Floor

^{[7],[8],[9],[10],[11],[12],[15],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[15],[47]}

Mar. 29, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[15],[31],[47]}

$ 9,306,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[15],[47]}

8,873,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[15],[47]}

9,307,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Joint Ventures Series B-Great Lakes Funding II LLC Joint Venture

Schedule of Investments [Line Items]

Par/ Shares

39,862,000

^{[1],[2],[3],[4],[5],[6],[14],[26],[30],[40]}

39,862,000

^{[7],[8],[9],[10],[11],[12],[15],[29],[31],[45]}

Cost/Amortized Cost

39,862,000

^{[1],[2],[3],[4],[5],[6],[14],[26],[40],[48]}

39,862,000

^{[7],[8],[9],[10],[11],[12],[15],[29],[45],[49]}

Fair Value

$ 36,023,000

^{[1],[2],[3],[4],[5],[6],[14],[26],[40],[48]}

$ 37,510,000

^{[7],[8],[9],[10],[11],[12],[15],[29],[45],[49]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units American Clinical Solutions, LLC - Class A Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

20,964,483

^{[1],[2],[3],[4],[5],[6],[14],[30],[32]}

20,964,483

^{[7],[8],[9],[10],[11],[12],[15],[31],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units EBSC Holdings LLC (Riddell, Inc.) Leisure Products Interest Rate 10.00% PIK

Schedule of Investments [Line Items]

Interest Rate, PIK

10.00%

^{[1],[2],[3],[4],[5],[6],[14],[38],[50]}

10.00%

^{[7],[8],[9],[10],[11],[12],[15],[33],[39],[51]}

Par/ Shares

3,654

^{[1],[2],[3],[4],[5],[6],[14],[30],[50]}

3,566

^{[7],[8],[9],[10],[11],[12],[15],[31],[33],[51]}

Cost/Amortized Cost

$ 3,635,000

^{[1],[2],[3],[4],[5],[6],[14],[50]}

$ 3,546,000

^{[7],[8],[9],[10],[11],[12],[15],[33],[51]}

Fair Value

$ 4,170,000

^{[1],[2],[3],[4],[5],[6],[14],[50]}

$ 4,012,000

^{[7],[8],[9],[10],[11],[12],[15],[33],[51]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units GreenPark Infrastructure, LLC - Series A Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

1,400

^{[1],[2],[3],[4],[5],[6],[14],[30],[32],[34]}

1,400

^{[7],[8],[9],[10],[11],[12],[15],[31],[35]}

Cost/Amortized Cost

$ 676,000

^{[1],[2],[3],[4],[5],[6],[14],[32],[34]}

$ 676,000

^{[7],[8],[9],[10],[11],[12],[15],[35]}

Fair Value

$ 735,000

^{[1],[2],[3],[4],[5],[6],[14],[32],[34]}

$ 700,000

^{[7],[8],[9],[10],[11],[12],[15],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units HR Pharmaceuticals, LLC Health Care Equipment & Supplies Interest Rate 14.00% PIK

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[14],[34],[38],[50]}

14.00%

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[34],[50]}

500,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[34],[50]}

$ 500,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14],[34],[50]}

$ 500,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units MMI Holdings, LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

1,000

^{[1],[2],[3],[4],[5],[6],[14],[30],[32]}

1,000

^{[7],[8],[9],[10],[11],[12],[15],[31],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Northeast Metal Works LLC - Class O Preferred Metals & Mining

Schedule of Investments [Line Items]

Par/ Shares

5,445,000

^{[1],[2],[3],[4],[5],[6],[14],[30],[36]}

5,445

^{[7],[8],[9],[10],[11],[12],[15],[31]}

Cost/Amortized Cost

$ 5,445,000

^{[1],[2],[3],[4],[5],[6],[14],[36]}

$ 5,445,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 122,000

^{[1],[2],[3],[4],[5],[6],[14],[36]}

$ 280,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Northeast Metal Works LLC - Preferred Metals & Mining

Schedule of Investments [Line Items]

Par/ Shares

2,368

^{[1],[2],[3],[4],[5],[6],[14],[30],[36]}

2,368

^{[7],[8],[9],[10],[11],[12],[15],[31],[37]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Phoenix Aviation Capital, LLC Aerospace & Defense

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[3],[4],[5],[6],[38]}

7.00%

Par/ Shares

1,304,086

^{[1],[2],[3],[4],[5],[6],[14],[30],[34],[50]}

1,281,657

^{[7],[8],[9],[10],[11],[12],[15],[31],[35],[51]}

Cost/Amortized Cost

$ 1,109,000

^{[1],[2],[3],[4],[5],[6],[34],[50]}

$ 1,086,000

^{[7],[8],[9],[10],[11],[12],[15],[35],[51]}

Fair Value

$ 1,108,000

^{[1],[2],[3],[4],[5],[6],[34],[50]}

$ 1,130,000

^{[7],[8],[9],[10],[11],[12],[15],[35],[51]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Princeton Medspa Partners, LLC Diversified Consumer Services Interest Rate 12.50% PIK

Schedule of Investments [Line Items]

Interest Rate, PIK

12.50%

^{[1],[3],[4],[5],[6],[38]}

12.50%

^{[7],[8],[9],[10],[11],[12],[15],[35],[39],[51]}

Par/ Shares

1,240,051

^{[1],[2],[3],[4],[5],[6],[14],[30],[34],[50]}

1,202,973

^{[7],[8],[9],[10],[11],[12],[15],[31],[35],[51]}

Cost/Amortized Cost

$ 1,240,000

^{[1],[2],[3],[4],[5],[6],[34],[50]}

$ 1,203,000

^{[7],[8],[9],[10],[11],[12],[15],[35],[51]}

Fair Value

$ 592,000

^{[1],[2],[3],[4],[5],[6],[34],[50]}

$ 676,000

^{[7],[8],[9],[10],[11],[12],[15],[35],[51]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Westshore RAM, LLC - Class A Financial Services

Schedule of Investments [Line Items]

Par/ Shares

86,000

^{[1],[2],[3],[4],[5],[6],[14],[30],[50]}

86,000

^{[7],[8],[9],[10],[11],[12],[15],[31],[51]}

Cost/Amortized Cost

$ 1,278,000

^{[1],[2],[3],[4],[5],[6],[50]}

$ 1,278,000

^{[7],[8],[9],[10],[11],[12],[15],[51]}

Fair Value

$ 1,474,000

^{[1],[2],[3],[4],[5],[6],[50]}

$ 1,201,000

^{[7],[8],[9],[10],[11],[12],[15],[51]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 09/30/26

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[14],[42]}

Sep. 30, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30],[42]}

$ 480,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14],[42]}

$ 341,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 12/31/25

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[11],[12],[15],[43]}

Dec. 31, 2025

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[15],[31],[43]}

$ 480,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[15],[43]}

$ 340,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 01/01/25

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[15],[39]}

8.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[15]}

Jan. 01, 2025

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[15],[31]}

$ 500,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[15]}

500,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[15]}

$ 387,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 04/05/28

Schedule of Investments [Line Items]

Interest Rate

8.00%

^{[1],[2],[3],[4],[5],[6],[14],[38]}

8.00%

^{[7],[8],[9],[10],[11],[12],[15],[39]}

Maturity

Apr. 05, 2028

^{[1],[2],[3],[4],[5],[6],[14]}

Apr. 05, 2028

^{[7],[8],[9],[10],[11],[12],[15]}

Par/ Shares

$ 500,000

^{[1],[2],[3],[4],[5],[6],[14],[30]}

$ 4,500,000

^{[7],[8],[9],[10],[11],[12],[15],[31]}

Cost/Amortized Cost

500,000

^{[1],[2],[3],[4],[5],[6],[14]}

4,500,000

^{[7],[8],[9],[10],[11],[12],[15]}

Fair Value

$ 391,000

^{[1],[2],[3],[4],[5],[6],[14]}

3,483,000

^{[7],[8],[9],[10],[11],[12],[15]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 04/05/28 One

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[14],[38]}

8.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[14]}

Apr. 05, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[14],[30]}

$ 4,500,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[14]}

4,500,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[14]}

3,522,000

Investment, Identifier [Axis]: Investments in Controlled Affiliated Portfolio Companies Asset Manager Affiliates Asset Management Company Asset Management Company

Schedule of Investments [Line Items]

Cost/Amortized Cost

17,791,000

^{[1],[2],[3],[4],[5],[6],[26]}

17,791,000

^{[7],[8],[9],[10],[11],[12],[17],[29]}

Investment, Identifier [Axis]: Investments in Controlled Affiliated Portfolio Companies Joint Ventures KCAP Freedom 3 LLC Joint Venture

Schedule of Investments [Line Items]

Par/ Shares

27,220,000

^{[1],[2],[3],[4],[5],[6],[26],[30]}

27,220,000

^{[7],[8],[9],[10],[11],[12],[17],[29],[31]}

Cost/Amortized Cost

24,427,000

^{[1],[2],[3],[4],[5],[6],[26]}

24,541,000

^{[7],[8],[9],[10],[11],[12],[17],[29]}

Fair Value

$ 8,944,000

^{[1],[2],[3],[4],[5],[6],[26]}

$ 10,655,000

^{[7],[8],[9],[10],[11],[12],[17],[29]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Catamaran CLO 2014-1 Ltd. CLO Fund Securities Maturity 04/20/30

Schedule of Investments [Line Items]

Maturity

Apr. 20, 2030

^{[1],[2],[3],[4],[5],[6],[24],[25],[26]}

Apr. 20, 2030

^{[7],[8],[9],[10],[11],[12],[27],[28],[29]}

Par/ Shares

$ 15,161,000

^{[1],[2],[3],[4],[5],[6],[24],[25],[26],[30]}

$ 15,161,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[29],[31]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Catamaran CLO 2018-1 Ltd CLO Fund Securities Maturity 10/27/31

Schedule of Investments [Line Items]

Maturity

Oct. 27, 2031

^{[1],[2],[3],[4],[5],[6],[24],[25],[26]}

Oct. 27, 2031

^{[7],[8],[9],[10],[11],[12],[27],[28],[29]}

Par/ Shares

$ 10,000,000

^{[1],[2],[3],[4],[5],[6],[24],[25],[26],[30]}

$ 10,000,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[29],[31]}

Cost/Amortized Cost

$ 112,000

^{[1],[2],[3],[4],[5],[6],[24],[25],[26]}

112,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[29]}

Fair Value

^{[7],[8],[9],[10],[11],[12],[27],[28],[29]}

$ 112,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Dryden 30 Senior Loan Fund CLO Fund Securities Maturity 11/01/28

Schedule of Investments [Line Items]

Maturity

Nov. 01, 2028

^{[1],[2],[3],[4],[5],[6],[24],[25],[26]}

Nov. 01, 2028

^{[7],[8],[9],[10],[11],[12],[27],[28],[29]}

Par/ Shares

$ 3,250,000

^{[1],[2],[3],[4],[5],[6],[24],[25],[26],[30]}

$ 3,250,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[29],[31]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units AAPC Holdings, LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[33],[35]}

0.1

0.13

Cost/Amortized Cost

$ 264,000

^{[1],[2],[3],[4],[5],[6],[32],[34]}

$ 264,000

^{[7],[8],[9],[10],[11],[12],[33],[35]}

Fair Value

$ 870,000

^{[1],[2],[3],[4],[5],[6],[32],[34]}

$ 780,000

^{[7],[8],[9],[10],[11],[12],[33],[35]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units AIP Capital, LLC Financial Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[35]}

Cost/Amortized Cost

$ 35,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 35,000

^{[7],[8],[9],[10],[11],[12],[35]}

Fair Value

$ 35,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 35,000

^{[7],[8],[9],[10],[11],[12],[35]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units ATP Oil & Gas Corporation Oil, Gas & Consumable Fuels

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

0.1

^[52]

0.1

^[53]

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Advantage Capital Holdings LLC - Class A Units Financial Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[35]}

822

Cost/Amortized Cost

$ 500,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 500,000

^{[7],[8],[9],[10],[11],[12],[35]}

Fair Value

$ 1,885,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 1,580,000

^{[7],[8],[9],[10],[11],[12],[35]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Class A Warrant Media

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

510

Cost/Amortized Cost

$ 46,000

^{[1],[2],[3],[4],[5],[6]}

$ 46,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Class B Warrant Media

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Warrant for CS Media

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

1,644

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units BGPT Maverick, L.P. (Metrc Inc.) Communications Equipment

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

1,020,408

Cost/Amortized Cost

$ 1,020,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,020,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 1,209,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,116,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units BLST Operating Company, LLC - Class A Broadline Retail

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[33]}

217,013

Cost/Amortized Cost

$ 555,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 555,000

^{[7],[8],[9],[10],[11],[12],[33]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Carestream Health Holdings, Inc. Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

4,099

Cost/Amortized Cost

$ 53,000

^{[1],[2],[3],[4],[5],[6]}

$ 53,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 85,000

^{[1],[2],[3],[4],[5],[6]}

$ 85,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Centric Brands, L.P. Textiles, Apparel & Luxury Goods

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

81,770

Cost/Amortized Cost

$ 746,000

^{[1],[2],[3],[4],[5],[6]}

$ 746,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 5,614,000

^{[1],[2],[3],[4],[5],[6]}

$ 4,029,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units DxTx Pain and Spine LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[33],[35]}

217,479

Cost/Amortized Cost

$ 381,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 381,000

^{[7],[8],[9],[10],[11],[12],[33],[35]}

Fair Value

$ 611,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 430,000

^{[7],[8],[9],[10],[11],[12],[33],[35]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Everyware Global, Inc. Household Products

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[54]}

1,085,565

Cost/Amortized Cost

$ 346,000

^{[1],[2],[3],[4],[5],[6],[55]}

$ 346,000

^{[7],[8],[9],[10],[11],[12],[54]}

Fair Value

$ 643,000

^{[1],[2],[3],[4],[5],[6],[55]}

$ 643,000

^{[7],[8],[9],[10],[11],[12],[54]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units FP WRCA Coinvestment Fund VII, Ltd. - Class A Building Products

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[28],[29],[31]}

100

Cost/Amortized Cost

$ 1,500,000

^{[1],[2],[3],[4],[5],[6],[25],[26]}

$ 1,500,000

^{[7],[8],[9],[10],[11],[12],[28],[29]}

Fair Value

$ 775,000

^{[1],[2],[3],[4],[5],[6],[25],[26]}

$ 505,000

^{[7],[8],[9],[10],[11],[12],[28],[29]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Freedom Electronics, LLC Electronic Equipment, Instruments & Components

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[33]}

181,818

Cost/Amortized Cost

$ 195,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 195,000

^{[7],[8],[9],[10],[11],[12],[33]}

Fair Value

$ 227,000

^{[1],[2],[3],[4],[5],[6],[32]}

$ 252,000

^{[7],[8],[9],[10],[11],[12],[33]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Fusion Connect, Inc. - Warrant Wireless Telecommunication Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

811,572

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Fusion Connect, Inc. Wireless Telecommunication Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

Cost/Amortized Cost

$ 866,000

^{[1],[2],[3],[4],[5],[6]}

$ 866,000

^{[7],[8],[9],[10],[11],[12],[47]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Fusion Parent, LLC (fka Franchise Group Inc.) Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

62,378

Cost/Amortized Cost

$ 1,550,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,550,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 1,354,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,488,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units HDC/HW Holdings, LLC Software

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

148,826

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units LB NewHoldCo LLC Hotels, Restaurants & Leisure

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

146,589

Cost/Amortized Cost

$ 1,724,000

^{[1],[2],[3],[4],[5],[6],[41]}

$ 1,724,000

^{[7],[8],[9],[10],[11],[12],[47]}

Fair Value

$ 437,000

^{[1],[2],[3],[4],[5],[6],[41]}

$ 566,000

^{[7],[8],[9],[10],[11],[12],[47]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Live Comfortably Inc. Household Durables

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

2,846

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Middle West Spirits, LLC Beverages

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

Cost/Amortized Cost

$ 14,000

^{[1],[2],[3],[4],[5],[6]}

$ 14,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 53,000

^{[1],[2],[3],[4],[5],[6]}

$ 58,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Morae Global Holdings Inc. - Warrant IT Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

1,625

Cost/Amortized Cost

$ 376,000

^{[1],[2],[3],[4],[5],[6]}

$ 376,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 148,000

^{[1],[2],[3],[4],[5],[6]}

$ 466,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Ohene Holdings B.V. - Warrant IT Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[28],[29],[31]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Roscoe Investors, LLC - Class A Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

10,000

Cost/Amortized Cost

$ 1,000,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,000,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units South Street Securities Holdings, Inc – Warrant Financial Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

4,533

Cost/Amortized Cost

$ 514,000

^{[1],[2],[3],[4],[5],[6]}

$ 514,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 626,000

^{[1],[2],[3],[4],[5],[6]}

$ 618,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Sundance Holdings Group, LLC Specialty Retail

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

14,603

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Swift Aggregator LLC (formerly GA Communications, Inc.) Media

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

1,363,451

Cost/Amortized Cost

$ 1,250,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,251,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 1,420,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,420,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units VTX Holdings LLC - Series C IT Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

882,504

Cost/Amortized Cost

$ 9,000

^{[1],[2],[3],[4],[5],[6]}

$ 9,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 4,000

^{[1],[2],[3],[4],[5],[6]}

$ 6,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Workplace Holdings LLC (Pomeroy Technologies, LLC) Software

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

950

Cost/Amortized Cost

$ 228,000

^{[1],[2],[3],[4],[5],[6]}

$ 228,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units World Business Lenders, LLC Financial Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[29],[31]}

42,859

49,209

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives Advantage Capital Holdings LLC Financial Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[29],[31],[35]}

$ 164,000

Fair Value

$ 195,000

^{[1],[2],[3],[4],[5],[6],[26],[34]}

180,000

^{[7],[8],[9],[10],[11],[12],[29],[35]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives Epilog Partners LP (Care Connectors Medical Group) Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[29],[31],[35],[45]}

1,166,667,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives HDNet Holdco LLC (Anthem) Media

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[29],[31]}

200

Cost/Amortized Cost

$ 31,000

^{[1],[2],[3],[4],[5],[6],[26]}

$ 31,000

^{[7],[8],[9],[10],[11],[12],[29]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Live Comfortably Inc. Household Durables Interest Rate 13.78% Reference Rate and Spread SOFR + 10.00%, 2.00% PIK Floor 3.00% Maturity 09/20/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

13.78%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

3.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Sep. 20, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 55,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

$ 55,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Live Comfortably Inc. Term Loan B Household Durables Interest Rate 13.78% Reference Rate and Spread SOFR + 10.00%, 2.00% PIK Floor 3.00% Maturity 04/02/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

13.78%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

3.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Apr. 02, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 7,175,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

6,894,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 6,882,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt MSM Acquisitions, Inc. Software Interest Rate 9.82% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 12/09/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.82%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Dec. 09, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 10,003,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

9,991,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 8,541,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Metrc Inc. (Revolver) Software Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 09/30/31

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Sep. 30, 2031

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (55,000)

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (28,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Metric Inc. (Revolver) Software Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 09/30/31

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

5.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Sep. 30, 2031

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (57,000)

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (58,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Middle West Spirits, LLC (Revolver) Beverages Reference Rate and Spread SOFR + 6.25% Floor 2.00% Maturity 04/23/30

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

6.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Apr. 23, 2030

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (31,000)

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (35,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Middle West Spirits, LLC Beverages Interest Rate 10.11% Reference Rate and Spread SOFR + 6.25% Floor 2.00% Maturity 04/23/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.11%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Apr. 23, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 6,176,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

5,728,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 6,056,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Money Transfer Acquisition Inc. Financial Services Interest Rate 12.07% Reference Rate and Spread SOFR + 8.25% Floor 1.00% Maturity 12/14/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

12.07%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Dec. 14, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 14,027,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

13,309,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 13,957,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Morae Global Corporation (Revolver) IT Services Interest Rate 12.04% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45]}

12.04%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45]}

8.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45]}

Oct. 31, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45]}

$ 400,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45]}

367,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45]}

$ 394,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Morae Global Corporation (Term Loan A) IT Services Interest Rate 12.01% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

12.01%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

8.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47]}

Oct. 31, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[47]}

$ 4,969,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47]}

4,519,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47]}

$ 4,880,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Morae Global Corporation (Term Loan B) IT Services Interest Rate 12.02% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

12.02%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Oct. 31, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 2,796,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,548,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,760,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Neptune Bidco US Inc. (Term Loan A) Interactive Media & Services Interest Rate 8.76% Reference Rate and Spread SOFR + 4.75% Floor 0.50% Maturity 10/11/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.76%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

4.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Oct. 11, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 2,977,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,730,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,945,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Neptune Bidco US Inc. Interactive Media & Services Interest Rate 9.03% Reference Rate and Spread SOFR + 5.00% Floor 0.50% Maturity 04/11/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.03%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

5.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Apr. 11, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 5,885,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

5,379,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 5,833,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Netwrix Corporation (Revolver) Software Reference Rate and Spread SOFR + 4.50% Floor 0.75% Maturity 06/09/29

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

4.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Jun. 09, 2029

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (6,000)

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (8,000)

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

4.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Jun. 11, 2029

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (5,000)

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (20,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Netwrix Corporation Software Interest Rate 8.32% Reference Rate and Spread SOFR + 4.50% Floor 0.75% Maturity 06/09/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.32%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

4.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jun. 09, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 4,205,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

4,193,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 4,175,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien /Senior Secured Debt Newbury Franklin Industrials, LLC Trading Companies & Distributors Interest Rate 10.88% Reference Rate and Spread SOFR + 7.00% Floor 2.00% Maturity 12/11/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

10.88%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

7.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47]}

Dec. 11, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[47]}

$ 7,082,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47]}

6,688,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47]}

$ 6,946,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt 13 Scents Inc. (Revolver) Personal Care Products Reference Rate and Spread SOFR + 6.75% Floor 1.00% Maturity 03/31/31

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

6.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Mar. 31, 2031

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (11,000)

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (11,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt 13 Scents Inc. Personal Care Products Interest Rate 10.45% Reference Rate and Spread SOFR + 6.75% Floor 1.00% Maturity 03/31/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.45%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Mar. 31, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,000,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,920,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,920,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AIDC IntermediateCo 2, LLC (Peak Technologies) IT Services Interest Rate 8.92% Reference Rate and Spread SOFR + 5.25% Floor 1.00% Maturity 07/22/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.92%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 22, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,805,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,389,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 5,760,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AMCP Pet Holdings, Inc. (Revolver) Consumer Staples Distribution & Retail Interest Rate 10.82% Reference Rate and Spread SOFR + 4.15%, 0.15% PIK Floor 1.00% Maturity 01/04/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

10.82%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

0.15%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

4.15%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Jan. 04, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 1,053,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

1,051,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 787,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AMCP Pet Holdings, Inc. Consumer Staples Distribution & Retail Interest Rate 10.82% Reference Rate and Spread SOFR + 7.00%, 3.00% PIK Floor 1.00% Maturity 01/04/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.82%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

3.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jan. 04, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,839,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

4,825,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,617,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Accurate Background, LLC IT Services Interest Rate 9.96% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 03/26/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.96%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Mar. 26, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 8,621,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

8,046,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 8,617,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Advantage Capital Holdings LLC Financial Services Interest Rate 13.00% Reference Rate and Spread 13.00%, 5.00% PIK Maturity 04/14/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

13.00%

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

5.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Apr. 14, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 15,298,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

15,298,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 14,973,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt American Academy Holdings, LLC Health Care Providers & Services Interest Rate 13.53% Reference Rate and Spread SOFR + 9.75%, 5.25% PIK Floor 3.25% Maturity 06/30/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

13.53%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.25%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

3.25%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 30, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 7,003,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

6,879,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 7,406,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ancile Solutions, Inc. Software Interest Rate 13.94% Reference Rate and Spread SOFR + 10.00% Floor 1.00% Maturity 06/11/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

13.94%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 11, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,707,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,702,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 5,839,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (2025 Delayed Draw Term Loan) Media Interest Rate 9.46% Reference Rate and Spread SOFR + 9.46%, 9.46% PIK Floor 1.00% Maturity 11/15/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

9.46%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

9.46%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

9.46%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Nov. 15, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 1,412,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

1,412,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 1,412,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Hollywood Suites Delayed Draw Term Loan) Media Interest Rate 9.46% Reference Rate and Spread SOFR + 9.46%, 9.46% PIK Floor 1.00% Maturity 11/15/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

9.46%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

9.46%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

9.46%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Nov. 15, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 4,379,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

4,379,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 4,379,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan B) Media Interest Rate 10.00% PIK Maturity 11/15/27

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

10.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Nov. 15, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 9,510,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

9,510,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 7,062,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan C) Media Maturity 11/15/27

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[42]}

Nov. 15, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[42]}

$ 8,805,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[42]}

$ 935,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Appfire Technologies, LLC Software Interest Rate 8.45% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 03/09/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.45%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Mar. 09, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,756,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,753,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 5,756,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt BetaNXT, Inc. (Revolver) Financial Services Reference Rate and Spread SOFR + 5.75% Maturity 04/02/29

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

5.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Apr. 02, 2029

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (35,000)

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (83,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt BetaNXT, Inc. Financial Services Interest Rate 9.45% Reference Rate and Spread SOFR + 5.75% Maturity 07/02/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.45%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 02, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 12,803,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

12,218,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 12,433,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Bradshaw International Parent Corp. (Revolver) Specialty Retail Reference Rate and Spread SOFR + 5.75% Floor 1.00% Maturity 10/21/26

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

5.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Oct. 21, 2026

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (9,000)

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (34,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Bradshaw International Parent Corp. Specialty Retail Interest Rate 9.52% Reference Rate and Spread SOFR + 5.75% Floor 1.00% Maturity 10/21/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.52%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 21, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 969,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

919,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 951,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CB MIDCO, LLC Diversified Consumer Services Maturity 09/28/27

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[41],[42]}

Sep. 28, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41],[42]}

$ 4,110,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41],[42]}

3,798,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41],[42]}

$ 175,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) (Revolver) Health Care Providers & Services Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

4.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

May 08, 2030

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (4,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) Health Care Providers & Services Interest Rate 8.42% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.42%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

May 08, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,111,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,085,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,111,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. (Term Loan A1) Textiles, Apparel & Luxury Goods Interest Rate 10.17% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 02/06/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Feb. 06, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 2,424,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,424,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,424,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. (Term Loan A2) Textiles, Apparel & Luxury Goods Interest Rate 12.67% Reference Rate and Spread SOFR + 9.00%, 11.67% PIK Floor 1.00% Maturity 02/06/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

12.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

11.67%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

9.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Feb. 06, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 4,036,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

4,036,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 4,036,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. Textiles, Apparel & Luxury Goods Interest Rate 9.17% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 08/06/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Aug. 06, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,689,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,689,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,690,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC (Revolver) Software Maturity 09/30/26

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[42]}

Sep. 30, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[42]}

$ 685,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[42]}

685,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[42]}

$ 424,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC Software Maturity 09/30/2026

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[42]}

Sep. 30, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[42]}

$ 8,325,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[42]}

7,650,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[42]}

$ 5,149,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC Health Care Providers & Services Interest Rate 10.92% Reference Rate and Spread SOFR + 7.25%, 4.25% PIK Floor 0.75% Maturity 12/22/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

10.92%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

4.25%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Dec. 22, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 4,652,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

4,403,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 4,448,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dentive, LLC (Revolver) Health Care Providers & Services Interest Rate 10.92% Reference Rate and Spread SOFR + 7.25%, 4.25% PIK Floor 0.75% Maturity 12/22/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[46],[56]}

10.92%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[45],[46],[56]}

4.25%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[46],[56]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[46],[56]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[46],[56]}

Dec. 22, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[46],[56]}

$ 8,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[46],[56]}

(4,000)

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[46],[56]}

$ (2,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dentive, LLC (Revolver) Health Care Providers & Services Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25%, 4.25% PIK Floor 0.75% Maturity 12/22/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

10.95%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

4.25%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Dec. 22, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[44]}

$ 8,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (3,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dentive, LLC Health Care Providers & Services Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25%, 4.25% PIK Floor 0.75% Maturity 12/22/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.95%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.25%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Dec. 22, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,701,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

4,464,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 4,533,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC (Second Out) Professional Services Interest Rate 8.55% Reference Rate and Spread SOFR + 4.75% Floor 0.50% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.55%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Feb. 28, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 903,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

805,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 680,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC (Second Out) Professional Services Interest Rate 8.75% Reference Rate and Spread SOFR + 4.75% Floor 0.50% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

8.75%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

4.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Feb. 28, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 905,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

805,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 730,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC Professional Services Interest Rate 10.05% Reference Rate and Spread SOFR + 6.25% Floor 0.50% Maturity 01/31/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.05%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jan. 31, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 651,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

646,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 647,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC Professional Services Interest Rate 10.25% Reference Rate and Spread SOFR + 6.25% Floor 0.50% Maturity 01/31/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

10.25%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

6.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Jan. 31, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 653,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

647,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 657,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Epic Staffing Group Professional Services Interest Rate 9.73% Reference Rate and Spread SOFR + 6.00% Floor 0.50% Maturity 06/28/29

Schedule of Investments [Line Items]

Interest Rate

9.73%

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.73%

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

6.00%

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

Floor

0.50%

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

Maturity

Jun. 28, 2029

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 28, 2029

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Par/ Shares

$ 4,823,000

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,835,000

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

Cost/Amortized Cost

3,995,000

^{[1],[2],[3],[4],[5],[6],[41]}

3,958,000

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Fair Value

$ 3,950,000

^{[1],[2],[3],[4],[5],[6],[41]}

$ 4,122,000

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan A Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.15%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 15, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 2,022,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

1,985,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,000,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan A Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

9.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

5.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Oct. 15, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 2,022,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

1,984,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 2,014,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan B Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.15%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 15, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 1,265,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

1,242,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 1,252,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan B Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

9.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

5.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Oct. 15, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 1,265,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

1,241,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 1,260,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan C Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.15%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 15, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 717,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

704,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 709,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan C Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

9.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

5.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Oct. 15, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 717,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

704,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 714,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt GP Midco, LLC (Beauty by Imagination) Personal Care Products Interest Rate 8.66% Reference Rate and Spread SOFR + 5.00% Maturity 11/01/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.66%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Nov. 01, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,950,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,514,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,939,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt GP Midco, LLC (Beauty by Imagination) Personal Care Products Interest Rate 8.90% Reference Rate and Spread SOFR + 5.00% Maturity 11/01/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

8.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

5.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Nov. 01, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 3,960,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

3,511,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 3,948,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. (Revolver) Household Products Interest Rate 12.67% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Floor 2.00% Maturity 12/31/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

12.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

6.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

9.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Dec. 31, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 54,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

47,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 39,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. (Revolver) Household Products Interest Rate 12.72% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Maturity 12/31/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[56]}

12.72%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[56]}

6.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[56]}

9.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[56]}

Dec. 31, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[56]}

$ 52,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[56]}

46,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[56]}

$ 39,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. Household Products Interest Rate 12.66% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Floor 2.00% Maturity 12/31/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

12.66%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

6.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

9.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Dec. 31, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 6,529,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

5,829,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 4,726,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. Household Products Interest Rate 12.99% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Maturity 12/31/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[56]}

12.99%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[56]}

6.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[56]}

9.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[56]}

Dec. 31, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[56]}

$ 6,430,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[56]}

5,717,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[56]}

$ 4,747,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan A Software Interest Rate 9.01% Reference Rate and Spread SOFR + 3.50%, 2.50% PIK Floor 5.25% Maturity 06/21/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[56]}

9.01%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[56]}

2.50%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[56]}

3.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[56]}

5.25%

Maturity

^{[7],[8],[9],[10],[11],[12],[56]}

Jun. 21, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[56]}

$ 6,374,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[56]}

6,170,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[56]}

$ 3,713,000

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

9.01%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

2.50%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

3.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

5.25%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Jun. 22, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 6,518,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

6,420,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 3,715,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan B Software Maturity 06/21/26

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[11],[12],[43],[56]}

Jun. 21, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[43],[56]}

$ 3,825,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[43],[56]}

$ 764,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan B Software Maturity 06/22/26

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[42]}

Jun. 22, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[42]}

$ 3,849,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[42]}

$ 764,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Help Systems Holdings, Inc. Technology Hardware, Storage & Peripherals Interest Rate 9.76% Reference Rate and Spread SOFR + 6.00% Floor 2.00% Maturity 05/21/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.76%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

May 21, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 1,436,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

1,407,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 1,242,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Help Systems Holdings, Inc. Technology Hardware, Storage & Peripherals Interest Rate 9.97% Reference Rate and Spread SOFR + 6.00% Floor 2.00% Maturity 05/19/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

9.97%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

6.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

May 19, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 1,440,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

1,407,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 1,308,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt IDC Infusion Services LLC Health Care Providers & Services Interest Rate 10.37% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 07/07/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

10.37%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

6.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Jul. 07, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 6,868,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

6,549,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 6,895,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt IDC Infusion Services LLC Health Care Providers & Services Interest Rate 8.70% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/09/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 09, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 6,851,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

6,556,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 6,869,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ivanti Software, Inc. - NewCo Software Interest Rate 9.41% Reference Rate and Spread SOFR + 5.75% Floor 2.00% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.41%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 01, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 733,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

695,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 733,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 8.41% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.41%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 01, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 992,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

903,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 673,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 8.64% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

8.64%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

4.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Jun. 01, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 994,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

899,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 831,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ivanti Software, Inc. – NewCo Software Interest Rate 9.64% Reference Rate and Spread SOFR + 5.75% Floor 2.00% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

9.64%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

5.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Jun. 01, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 735,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

696,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 761,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC (Revolver) Diversified Consumer Services Interest Rate 10.58% Reference Rate and Spread SOFR + 6.75% Floor 1.00% Maturity 10/01/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

10.58%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

6.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Oct. 01, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 1,744,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

1,650,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 1,744,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC (Revolver) Diversified Consumer Services Interest Rate 10.75% Reference Rate and Spread SOFR + 6.75% Floor 1.00% Maturity 10/06/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[56]}

10.75%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[56]}

6.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[56]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[56]}

Oct. 06, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[56]}

$ 1,744,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[56]}

1,639,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[56]}

$ 1,720,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC Diversified Consumer Services Interest Rate 10.58% Reference Rate and Spread SOFR + 6.75%, 4.75% PIK Floor 1.00% Maturity 10/01/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.58%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.75%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 01, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 19,257,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

18,781,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 19,257,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC Diversified Consumer Services Interest Rate 10.73% Reference Rate and Spread SOFR + 6.75%, 0.50% PIK Floor 1.00% Maturity 10/06/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

10.73%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

0.50%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

6.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Oct. 06, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 19,078,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

18,382,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 18,817,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Live Comfortably Inc. Household Durables Interest Rate 6.83% Reference Rate and Spread SOFR + 3.00% Floor 2.00% Maturity 09/20/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

6.83%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

3.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Sep. 20, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 6,239,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

6,083,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 5,952,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MAG DS Corp. Aerospace & Defense Interest Rate 9.27% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 04/01/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

9.27%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

5.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47],[56]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47],[56]}

Apr. 01, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 3,584,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47],[56]}

3,464,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47],[56]}

$ 3,580,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MAG DS Corp. Aerospace & Defense Interest Rate 9.30% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 04/01/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Apr. 01, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,574,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,477,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,568,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MSM Acquisitions, Inc. Software Interest Rate 9.67% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 12/09/26

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Dec. 09, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 9,978,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

9,970,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 8,170,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Metrc Inc. Software Interest Rate 9.17% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 09/30/31

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47],[56]}

9.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47],[56]}

5.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47],[56]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47],[56]}

Sep. 30, 2031

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47],[56]}

$ 2,360,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47],[56]}

2,233,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47],[56]}

$ 2,230,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Metrc Inc. Software Interest Rate 9.20% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 09/30/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

9.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

5.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Sep. 30, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 2,354,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

2,235,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 2,292,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Money Transfer Acquisition Inc. Financial Services Interest Rate 12.02% Reference Rate and Spread SOFR + 8.25% Floor 1.00% Maturity 12/14/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

12.02%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Dec. 14, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 13,844,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

13,205,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 13,775,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Revolver) IT Services Interest Rate 11.81% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40]}

11.81%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40]}

8.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40]}

Oct. 31, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40]}

$ 400,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40]}

382,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40]}

$ 387,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Term Loan A) IT Services Interest Rate 11.82% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

11.82%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

8.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Oct. 31, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 4,954,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

4,532,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 4,633,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Term Loan B) IT Services Interest Rate 11.81% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

11.81%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 31, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 2,785,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,551,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,715,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Netwrix Corporation Software Interest Rate 8.17% Reference Rate and Spread SOFR + 4.50% Floor 0.75% Maturity 06/11/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 11, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,194,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

4,184,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 4,121,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Newbury Franklin Industrials, LLC Trading Companies & Distributors Interest Rate 10.62% Reference Rate and Spread SOFR + 7.00% Floor 2.00% Maturity 12/11/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

10.62%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

7.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Dec. 11, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 6,091,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

5,770,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 5,991,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt One Stop Mailing LLC Ground Transportation Interest Rate 10.03% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 05/07/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.03%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

May 07, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 6,875,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

6,854,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 6,875,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt One Stop Mailing LLC Ground Transportation Interest Rate 10.08% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 04/29/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.08%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Apr. 29, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 7,352,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

7,319,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 7,352,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Orthopaedic (ITC) Buyer, LLC Health Care Providers & Services Interest Rate 8.67% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

5.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jul. 31, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 2,310,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,088,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,301,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Orthopaedic (ITC) Buyer, LLC Health Care Providers & Services Interest Rate 8.70% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/31/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 31, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 2,304,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,099,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,304,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PMA Parent Holdings LLC (Revolver) Capital Markets Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 01/31/31

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

4.75%

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

4.75%

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

Floor

0.75%

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

0.75%

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

Maturity

Jan. 31, 2031

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Jan. 31, 2031

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Cost/Amortized Cost

$ (2,000)

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (2,000)

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Fair Value

$ (2,000)

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (2,000)

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PMA Parent Holdings LLC Capital Markets Interest Rate 8.42% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 01/31/31

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.42%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

4.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jan. 31, 2031

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 2,796,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,610,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,770,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PMA Parent Holdings LLC Capital Markets Interest Rate 8.45% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 01/31/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.45%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

4.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jan. 31, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 2,796,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,616,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,771,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PVHC Holding Corp Containers & Packaging Interest Rate 13.10% Reference Rate and Spread SOFR + 9.25%, 2.75% PIK Floor 2.50% Maturity 02/17/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

13.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.75%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Feb. 17, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 2,945,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,944,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,834,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PVHC Holding Corp Containers & Packaging Interest Rate 7.82% Reference Rate and Spread SOFR + 4.00% Floor 2.50% Maturity 02/17/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

7.82%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

4.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Feb. 17, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 2,725,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,724,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,568,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PhyNet Dermatology LLC Health Care Providers & Services Interest Rate 10.17% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/20/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 20, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 1,825,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

1,755,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 1,784,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PhyNet Dermatology LLC Health Care Providers & Services Interest Rate 10.38% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/20/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.38%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Oct. 20, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 1,799,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

1,727,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 1,759,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Pomeroy Technologies, LLC (Super Senior A) Software Interest Rate 6.00% PIK Maturity 11/30/27

Schedule of Investments [Line Items]

Interest Rate, PIK

6.00%

^{[1],[2],[3],[4],[5],[6],[38]}

6.00%

^{[7],[8],[9],[10],[11],[12],[39]}

Maturity

Nov. 30, 2027

^{[1],[2],[3],[4],[5],[6]}

Nov. 30, 2027

^{[7],[8],[9],[10],[11],[12]}

Par/ Shares

$ 1,474,000

^{[1],[2],[3],[4],[5],[6],[30]}

$ 1,452,000

^{[7],[8],[9],[10],[11],[12],[31]}

Cost/Amortized Cost

1,474,000

^{[1],[2],[3],[4],[5],[6]}

1,452,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 1,265,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,329,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Premier Imaging, LLC Health Care Equipment & Supplies Interest Rate 9.93% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 03/31/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.93%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Mar. 31, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 5,981,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

5,751,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 5,018,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Premier Imaging, LLC Health Care Equipment & Supplies Interest Rate 9.96% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 10/31/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.96%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 31, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,612,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,434,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 4,887,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Project Castle, Inc. Machinery Interest Rate 9.36% Reference Rate and Spread SOFR + 5.50% Floor 0.50% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

9.36%

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.36%

^{[7],[8],[9],[10],[11],[12],[39],[47]}

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

5.50%

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.50%

^{[7],[8],[9],[10],[11],[12],[39],[47]}

Floor

0.50%

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

^{[7],[8],[9],[10],[11],[12],[39],[47]}

Maturity

Jun. 01, 2029

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 01, 2029

^{[7],[8],[9],[10],[11],[12],[47]}

Par/ Shares

$ 3,726,000

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,736,000

^{[7],[8],[9],[10],[11],[12],[31],[47]}

Cost/Amortized Cost

3,390,000

^{[1],[2],[3],[4],[5],[6],[41]}

3,380,000

^{[7],[8],[9],[10],[11],[12],[47]}

Fair Value

$ 2,029,000

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,431,000

^{[7],[8],[9],[10],[11],[12],[47]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 9.02% Reference Rate and Spread SOFR + 5.25% Floor 0.50% Maturity 07/20/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.02%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 20, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,622,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,442,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,536,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 9.19% Reference Rate and Spread SOFR + 5.25% Floor 0.50% Maturity 07/20/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.19%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

5.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jul. 20, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 5,637,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

5,437,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 4,878,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt RN Enterprises, LLC Health Care Technology Interest Rate 9.03% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/17/31

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

9.03%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

5.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47]}

Oct. 17, 2031

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[47]}

$ 2,461,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47]}

2,166,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47]}

$ 2,461,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt RN Enterprises, LLC Health Care Technology Interest Rate 9.06% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/17/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

9.06%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

5.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Oct. 17, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 2,600,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

2,311,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 2,592,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Radius Aerospace, Inc. Aerospace & Defense Interest Rate 10.07% Reference Rate and Spread SOFR + 6.25%, 0.25% PIK Floor 1.00% Maturity 03/29/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.07%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.25%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Mar. 29, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 5,469,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

5,464,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 5,447,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Radius Aerospace, Inc. Aerospace & Defense Interest Rate 9.85% Reference Rate and Spread SOFR + 6.00%, 0.25% PIK Floor 1.00% Maturity 03/29/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.85%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.25%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Mar. 29, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,451,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,448,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 5,434,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Red Range Intermediate Inc. Industrial Conglomerates Interest Rate 11.76% Reference Rate and Spread SOFR + 8.00% Floor 1.00% Maturity 10/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38]}

11.76%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38]}

8.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Oct. 01, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 324,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

324,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

$ 324,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Red Range Intermediate Inc. Industrial Conglomerates Interest Rate 11.99% Reference Rate and Spread SOFR + 8.00% Floor 1.00% Maturity 10/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39]}

11.99%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39]}

8.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12]}

Oct. 01, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

$ 324,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12]}

324,000

Fair Value

^{[7],[8],[9],[10],[11],[12]}

$ 324,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Resolute Investment Managers, Inc. Capital Markets Interest Rate 10.43% Reference Rate and Spread SOFR + 6.50% Maturity 10/30/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39]}

10.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39]}

6.50%

Maturity

^{[7],[8],[9],[10],[11],[12]}

Oct. 30, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

$ 3,980,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12]}

3,535,000

Fair Value

^{[7],[8],[9],[10],[11],[12]}

$ 3,234,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Resolute Investment Managers, Inc. Capital Markets Interest Rate 10.46% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/30/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.46%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 30, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,970,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,582,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,186,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt STG Distribution, LLC (STG Logistics) (Second Out) Transportation Infrastructure Maturity 10/03/29

Schedule of Investments [Line Items]

Maturity

Oct. 03, 2029

^{[1],[2],[3],[4],[5],[6],[41],[42]}

Oct. 03, 2029

^{[7],[8],[9],[10],[11],[12],[43],[47]}

Par/ Shares

$ 2,972,000

^{[1],[2],[3],[4],[5],[6],[30],[41],[42]}

$ 2,923,000

^{[7],[8],[9],[10],[11],[12],[31],[43],[47]}

Cost/Amortized Cost

1,607,000

^{[1],[2],[3],[4],[5],[6],[41],[42]}

1,607,000

^{[7],[8],[9],[10],[11],[12],[43],[47]}

Fair Value

$ 59,000

^{[1],[2],[3],[4],[5],[6],[41],[42]}

$ 856,000

^{[7],[8],[9],[10],[11],[12],[43],[47]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt STG Distribution, LLC (STG Logistics) (Third Out) Transportation Infrastructure Maturity 10/03/29

Schedule of Investments [Line Items]

Maturity

Oct. 03, 2029

^{[1],[2],[3],[4],[5],[6],[41],[42]}

Oct. 03, 2029

^{[7],[8],[9],[10],[11],[12],[43],[47]}

Par/ Shares

$ 2,215,000

^{[1],[2],[3],[4],[5],[6],[30],[41],[42]}

$ 2,181,000

^{[7],[8],[9],[10],[11],[12],[31],[43],[47]}

Cost/Amortized Cost

$ 739,000

^{[1],[2],[3],[4],[5],[6],[41],[42]}

739,000

^{[7],[8],[9],[10],[11],[12],[43],[47]}

Fair Value

^{[7],[8],[9],[10],[11],[12],[43],[47]}

$ 96,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Shepherd Parent Holdings, LLC (Revolver) Health Care Providers & Services Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 07/10/30

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

7.25%

^{[1],[2],[3],[4],[5],[6],[38],[40]}

7.25%

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

Floor

1.00%

^{[1],[2],[3],[4],[5],[6],[38],[40]}

1.00%

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

Maturity

Jul. 10, 2030

^{[1],[2],[3],[4],[5],[6],[40]}

Jul. 10, 2030

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (1,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Shepherd Parent Holdings, LLC Health Care Providers & Services Interest Rate 10.90% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 07/10/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

10.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Jul. 10, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 1,694,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

1,545,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 1,694,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Shepherd Parent Holdings, LLC Health Care Providers & Services Interest Rate 11.18% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 07/10/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

11.18%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47]}

Jul. 10, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[47]}

$ 1,776,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47]}

1,615,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47]}

$ 1,770,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt South Street Securities Holdings, Inc Financial Services Interest Rate 9.00% Maturity 09/20/27

Schedule of Investments [Line Items]

Interest Rate

9.00%

^{[1],[2],[3],[4],[5],[6],[38]}

9.00%

^{[7],[8],[9],[10],[11],[12],[39]}

Maturity

Sep. 20, 2027

^{[1],[2],[3],[4],[5],[6]}

Sep. 20, 2027

^{[7],[8],[9],[10],[11],[12]}

Par/ Shares

$ 3,600,000

^{[1],[2],[3],[4],[5],[6],[30]}

$ 3,600,000

^{[7],[8],[9],[10],[11],[12],[31]}

Cost/Amortized Cost

3,376,000

^{[1],[2],[3],[4],[5],[6]}

3,344,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 3,348,000

^{[1],[2],[3],[4],[5],[6]}

$ 3,312,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spark Buyer, LLC Electrical Equipment Interest Rate 8.90% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/15/31

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

8.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

5.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

0.75%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Oct. 15, 2031

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 1,411,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

1,251,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 1,259,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spark Buyer, LLC Electrical Equipment Interest Rate 9.13% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/15/31

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

9.13%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

5.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47]}

Oct. 15, 2031

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[47]}

$ 1,414,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47]}

1,250,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47]}

$ 1,271,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spinrite, Inc. (Revolver) Leisure Products Interest Rate 11.17% Reference Rate and Spread SOFR + 7.50% Maturity 12/05/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40]}

11.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40]}

7.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[40]}

Dec. 05, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40]}

$ 88,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40]}

79,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40]}

$ 79,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spinrite, Inc. (Revolver) Leisure Products Reference Rate and Spread SOFR + 7.50% Maturity 12/05/30

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

7.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Dec. 05, 2030

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (9,000)

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[46]}

$ (9,000)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spinrite, Inc. Leisure Products Interest Rate 11.17% Reference Rate and Spread SOFR + 7.50% Maturity 12/05/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

11.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Dec. 05, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,063,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,004,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,004,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spinrite, Inc. Leisure Products Interest Rate 11.26% Reference Rate and Spread SOFR + 7.50% Maturity 12/05/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

11.26%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

7.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Dec. 05, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 3,063,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

3,002,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 3,001,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Sundance Holdings Group, LLC Specialty Retail Maturity 06/30/25

Schedule of Investments [Line Items]

Maturity

Jun. 30, 2025

^{[1],[2],[3],[4],[5],[6],[42]}

Jun. 30, 2025

^{[7],[8],[9],[10],[11],[12],[43]}

Par/ Shares

$ 6,717,000

^{[1],[2],[3],[4],[5],[6],[30],[42]}

$ 6,689,000

^{[7],[8],[9],[10],[11],[12],[31],[43]}

Cost/Amortized Cost

6,572,000

^{[1],[2],[3],[4],[5],[6],[42]}

6,571,000

^{[7],[8],[9],[10],[11],[12],[43]}

Fair Value

$ 59,000

^{[1],[2],[3],[4],[5],[6],[42]}

$ 57,000

^{[7],[8],[9],[10],[11],[12],[43]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Synamedia Americas Holdings, Inc. Interactive Media & Services Interest Rate 9.67% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 12/05/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

9.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Dec. 05, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,071,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

3,664,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 4,071,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Synamedia Americas Holdings, Inc. Interactive Media & Services Interest Rate 9.92% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 12/05/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.92%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Dec. 05, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 10,222,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

9,672,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 10,222,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt TA/WEG Holdings, LLC (Revolver) Financial Services Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 10/02/28

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

6.25%

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

6.25%

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

Floor

1.00%

^{[1],[2],[3],[4],[5],[6],[38],[40],[44]}

1.00%

^{[7],[8],[9],[10],[11],[12],[39],[45],[46]}

Maturity

Oct. 02, 2028

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Oct. 02, 2028

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Cost/Amortized Cost

$ (1,000)

^{[1],[2],[3],[4],[5],[6],[40],[44]}

$ (1,000)

^{[7],[8],[9],[10],[11],[12],[45],[46]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Tactical Air Support, Inc. Aerospace & Defense Interest Rate 11.32% Reference Rate and Spread SOFR + 7.50% Floor 1.00% Maturity 12/22/28

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

11.32%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

7.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40],[41]}

Dec. 22, 2028

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40],[41]}

$ 4,250,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40],[41]}

4,034,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40],[41]}

$ 4,180,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Tactical Air Support, Inc. Aerospace & Defense Interest Rate 11.52% Reference Rate and Spread SOFR + 7.50% Floor 1.00% Maturity 12/22/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

11.52%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

7.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[45],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[45],[47]}

Dec. 22, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[45],[47]}

$ 4,307,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[45],[47]}

4,067,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[45],[47]}

$ 4,265,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited (Revolver) Electronic Equipment, Instruments & Components Interest Rate 10.93% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[26],[38],[40],[41]}

10.93%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[26],[38],[40],[41]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[26],[38],[40],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[26],[40],[41]}

Feb. 28, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[26],[30],[40],[41]}

$ 610,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[26],[40],[41]}

545,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[26],[40],[41]}

$ 604,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited (Revolver) Electronic Equipment, Instruments & Components Interest Rate 11.03% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[29],[39],[45],[47]}

11.03%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[29],[39],[45],[47]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[29],[39],[45],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[29],[45],[47]}

Feb. 28, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[29],[31],[45],[47]}

$ 610,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[29],[45],[47]}

543,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[29],[45],[47]}

$ 603,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited Electronic Equipment, Instruments & Components Interest Rate 10.92% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[29],[39],[47]}

10.92%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[29],[39],[47]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[29],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[29],[47]}

Feb. 28, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[29],[31],[47]}

$ 2,290,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[29],[47]}

2,026,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[29],[47]}

$ 2,266,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited Electronic Equipment, Instruments & Components Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[26],[38],[41]}

10.95%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[26],[38],[41]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[26],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[26],[41]}

Feb. 28, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[26],[30],[41]}

$ 2,284,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[26],[41]}

2,029,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[26],[41]}

$ 2,261,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas USA Holdings Inc. Electronic Equipment, Instruments & Components Interest Rate 10.92% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.92%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Feb. 28, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 1,631,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

1,611,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 1,613,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas USA Holdings Inc. Electronic Equipment, Instruments & Components Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.95%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Feb. 28, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 1,627,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

1,613,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 1,611,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver) Health Care Providers & Services Interest Rate 10.17% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[40]}

10.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[40]}

6.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[40]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[40]}

Jun. 14, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[40]}

$ 635,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[40]}

604,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[40]}

$ 619,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver) Health Care Providers & Services Interest Rate 10.46% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39]}

10.46%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39]}

6.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12]}

Jun. 14, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

$ 887,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12]}

869,000

Fair Value

^{[7],[8],[9],[10],[11],[12]}

$ 887,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) Health Care Providers & Services Interest Rate 10.30% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 14, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 10,001,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

9,759,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 9,902,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) Health Care Providers & Services Interest Rate 10.49% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.49%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jun. 14, 2028

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 6,520,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

6,333,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 6,520,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VTX Intermediate Holdings, Inc. IT Services Interest Rate 11.93% Reference Rate and Spread SOFR + 8.00%, 1.00% PIK Floor 2.00% Maturity 12/12/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

11.93%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Dec. 12, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 10,375,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

9,782,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 10,272,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VTX Intermediate Holdings, Inc. IT Services Interest Rate 11.98% Reference Rate and Spread SOFR + 8.00%, 1.00% PIK Floor 2.00% Maturity 12/12/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

11.98%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Dec. 12, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 10,349,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

9,729,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 10,220,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Validity, Inc. Software Interest Rate 8.90% Reference Rate and Spread SOFR + 5.25% Floor 0.50% Maturity 04/12/32

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Apr. 12, 2032

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 1,985,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

1,737,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 1,950,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Validity, Inc. Software Interest Rate 9.18% Reference Rate and Spread SOFR + 5.25% Maturity 04/12/32

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.18%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

5.25%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Apr. 12, 2032

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 1,990,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

1,735,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 1,977,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units 4L Ultimate Topco Corporation Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

321

^[32],[34]

321

Cost/Amortized Cost

$ 29,000

^{[1],[2],[3],[4],[5],[6]}

$ 29,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units AAPC Holdings, LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[33],[35],[51]}

248,474

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[32],[34]}

$ 166,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[32],[34]}

$ 415,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units AAPC Holdings, LLC Health Care Providers & Services Interest Rate 18.00% PIK

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[33],[35],[39],[51]}

18.00%

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[33],[35],[51]}

248,474

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[33],[35],[51]}

$ 166,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[33],[35],[51]}

$ 488,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Aperture Dodge 18 LLC Financial Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

5,175,271

5,163,101

Cost/Amortized Cost

$ 4,578,000

^{[1],[2],[3],[4],[5],[6]}

$ 4,566,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 3,433,000

^{[1],[2],[3],[4],[5],[6]}

$ 3,235,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units BMP Slappey Holdco, LLC Diversified Telecommunication Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[37]}

200,000

Cost/Amortized Cost

$ 467,000

^{[1],[2],[3],[4],[5],[6],[36]}

$ 467,000

^{[7],[8],[9],[10],[11],[12],[37]}

Fair Value

$ 794,000

^{[1],[2],[3],[4],[5],[6],[36]}

$ 793,000

^{[7],[8],[9],[10],[11],[12],[37]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units BMP Slappey Investment II Diversified Telecommunication Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[37]}

88,946

Cost/Amortized Cost

$ 208,000

^{[1],[2],[3],[4],[5],[6],[36]}

$ 208,000

^{[7],[8],[9],[10],[11],[12],[37]}

Fair Value

$ 353,000

^{[1],[2],[3],[4],[5],[6],[36]}

$ 353,000

^{[7],[8],[9],[10],[11],[12],[37]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Epilog Partners SPV III, LLC (Care Connectors Medical Group) Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[35]}

1,192,259

1,185,909

Cost/Amortized Cost

$ 1,192,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 1,186,000

^{[7],[8],[9],[10],[11],[12],[35]}

Fair Value

$ 1,400,000

^{[1],[2],[3],[4],[5],[6],[34]}

$ 1,423,000

^{[7],[8],[9],[10],[11],[12],[35]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Middle West Spirits, LLC Beverages Interest Rate 10.00% PIK

Schedule of Investments [Line Items]

Interest Rate, PIK

10.00%

^{[1],[2],[3],[4],[5],[6],[38],[50]}

10.00%

^{[7],[8],[9],[10],[11],[12],[39],[51]}

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[51]}

964,116

940,522

Cost/Amortized Cost

$ 908,000

^{[1],[2],[3],[4],[5],[6],[50]}

$ 885,000

^{[7],[8],[9],[10],[11],[12],[51]}

Fair Value

$ 1,088,000

^{[1],[2],[3],[4],[5],[6],[50]}

$ 1,079,000

^{[7],[8],[9],[10],[11],[12],[51]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Prosper Marketplace Household Products

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[57]}

912,865

Cost/Amortized Cost

$ 279,000

^{[1],[2],[3],[4],[5],[6],[58]}

$ 279,000

^{[7],[8],[9],[10],[11],[12],[57]}

Fair Value

$ 324,000

^{[1],[2],[3],[4],[5],[6],[58]}

$ 324,000

^{[7],[8],[9],[10],[11],[12],[57]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Taylor Precision Products, Inc. - Series C Household Products

Schedule of Investments [Line Items]

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

379

Cost/Amortized Cost

$ 667,000

^{[1],[2],[3],[4],[5],[6]}

$ 667,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 758,000

^{[1],[2],[3],[4],[5],[6]}

$ 758,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Class A Preferred) Health Care Providers & Services Interest Rate 14.00% Reference Rate and Spread 14.00%, 10.50% PIK

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[34],[38],[50]}

14.00%

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[34],[38],[50]}

10.50%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[34],[38],[50]}

14.00%

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[34],[50]}

1,000,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[34],[50]}

$ 990,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[34],[50]}

$ 990,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt American Academy Holdings, LLC Health Care Providers & Services Interest Rate 14.50% PIK Maturity 03/01/28

Schedule of Investments [Line Items]

Interest Rate, PIK

14.50%

^{[1],[2],[3],[4],[5],[6],[38]}

14.50%

^{[7],[8],[9],[10],[11],[12],[39]}

Maturity

Mar. 01, 2028

^{[1],[2],[3],[4],[5],[6]}

Mar. 01, 2028

^{[7],[8],[9],[10],[11],[12]}

Par/ Shares

$ 13,828,000

^{[1],[2],[3],[4],[5],[6],[30]}

$ 13,351,000

^{[7],[8],[9],[10],[11],[12],[31]}

Cost/Amortized Cost

13,268,000

^{[1],[2],[3],[4],[5],[6]}

12,742,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 13,674,000

^{[1],[2],[3],[4],[5],[6]}

$ 13,151,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt BLST Operating Company, LLC Broadline Retail Maturity 01/31/26

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[11],[12],[43],[47]}

Jan. 31, 2026

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[43],[47]}

$ 1,314,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[43],[47]}

$ 1,134,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt BLST Operating Company, LLC Broadline Retail Maturity 05/06/26

Schedule of Investments [Line Items]

Maturity

^{[1],[2],[3],[4],[5],[6],[41],[42]}

May 06, 2026

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41],[42]}

$ 1,352,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41],[42]}

$ 1,132,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Confluence Technologies, Inc. Software Interest Rate 10.30% Reference Rate and Spread SOFR + 6.50%, 6.50% PIK Floor 0.50% Maturity 07/30/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.50%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

6.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 30, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 4,272,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

4,260,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,535,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Confluence Technologies, Inc. Software Interest Rate 10.50% Reference Rate and Spread SOFR + 6.50%, 6.50% PIK Floor 0.50% Maturity 07/30/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.50%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jul. 30, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 4,200,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

4,187,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 3,517,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Dcert Buyer, Inc. Software Interest Rate 10.67% Reference Rate and Spread SOFR + 7.00% Maturity 02/19/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

10.67%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Feb. 19, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,400,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

5,396,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 4,172,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Dcert Buyer, Inc. Software Interest Rate 10.72% Reference Rate and Spread SOFR + 7.00% Maturity 02/16/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.72%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

7.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Feb. 16, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 5,400,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

5,395,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 4,887,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan A Food Products Interest Rate 8.76% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.76%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 15, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,578,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,428,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,627,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan A Food Products Interest Rate 9.05% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.05%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

5.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Oct. 15, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 3,560,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,373,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,545,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan B Food Products Interest Rate 8.65% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.65%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38],[41]}

2.00%

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

5.00%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Oct. 15, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 3,189,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

2,164,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 2,342,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan B Food Products Interest Rate 9.05% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

9.05%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[11],[12],[39],[47]}

2.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

5.00%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Oct. 15, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 3,173,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,115,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 2,269,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Idera, Inc. IT Services Interest Rate 10.75% Reference Rate and Spread SOFR + 6.75% Floor 0.75% Maturity 02/04/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

10.75%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

6.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.75%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Feb. 04, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 2,024,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

2,016,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 1,781,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 11.17% Reference Rate and Spread SOFR + 7.25% Floor 0.50% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

11.17%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.25%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jun. 01, 2029

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 9,090,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

7,785,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,204,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 11.40% Reference Rate and Spread SOFR + 7.25% Floor 0.50% Maturity 06/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

11.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

7.25%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jun. 01, 2029

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 9,090,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

7,729,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 3,800,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 11.42% Reference Rate and Spread SOFR + 7.75% Floor 0.50% Maturity 07/22/30

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

11.42%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

7.75%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

0.50%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Jul. 22, 2030

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 5,000,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

4,945,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 3,075,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 11.59% Reference Rate and Spread SOFR + 7.75% Floor 0.50% Maturity 07/20/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

11.59%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

7.75%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

0.50%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Jul. 20, 2030

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 5,000,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

4,942,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 4,475,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt VTX Intermediate Holdings, Inc. IT Services Interest Rate 12.50% PIK Maturity 12/12/30

Schedule of Investments [Line Items]

Interest Rate, PIK

12.50%

^{[1],[2],[3],[4],[5],[6],[38]}

12.50%

^{[7],[8],[9],[10],[11],[12],[39]}

Maturity

Dec. 12, 2030

^{[1],[2],[3],[4],[5],[6]}

Dec. 12, 2030

^{[7],[8],[9],[10],[11],[12]}

Par/ Shares

$ 2,004,000

^{[1],[2],[3],[4],[5],[6],[30]}

$ 1,941,000

^{[7],[8],[9],[10],[11],[12],[31]}

Cost/Amortized Cost

1,869,000

^{[1],[2],[3],[4],[5],[6]}

1,804,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 1,953,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,888,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt DeltaDx Limited, LP (Money Transfer Acquisition Inc.) Financial Services Interest Rate 15.00% PIK Maturity 06/14/28

Schedule of Investments [Line Items]

Interest Rate, PIK

15.00%

^{[1],[2],[3],[4],[5],[6],[38]}

15.00%

^{[7],[8],[9],[10],[11],[12],[39]}

Maturity

Jun. 14, 2028

^{[1],[2],[3],[4],[5],[6]}

Jun. 14, 2028

^{[7],[8],[9],[10],[11],[12]}

Par/ Shares

$ 1,030,000

^{[1],[2],[3],[4],[5],[6],[30]}

$ 1,030,000

^{[7],[8],[9],[10],[11],[12],[31]}

Cost/Amortized Cost

996,000

^{[1],[2],[3],[4],[5],[6]}

994,000

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 1,025,000

^{[1],[2],[3],[4],[5],[6]}

$ 1,025,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Eastport Holdings, LLC Commercial Services & Supplies Interest Rate 12.43% Reference Rate and Spread SOFR + 8.50% Floor 1.00% Maturity 09/29/27

Schedule of Investments [Line Items]

Interest Rate

^{[1],[2],[3],[4],[5],[6],[38],[41]}

12.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[1],[2],[3],[4],[5],[6],[38],[41]}

8.50%

Floor

^{[1],[2],[3],[4],[5],[6],[38],[41]}

1.00%

Maturity

^{[1],[2],[3],[4],[5],[6],[41]}

Sep. 29, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30],[41]}

$ 19,250,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6],[41]}

17,642,000

Fair Value

^{[1],[2],[3],[4],[5],[6],[41]}

$ 19,250,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Eastport Holdings, LLC Commercial Services & Supplies Interest Rate 12.55% Reference Rate and Spread SOFR + 8.50% Floor 1.00% Maturity 09/29/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39],[47]}

12.55%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[11],[12],[39],[47]}

8.50%

Floor

^{[7],[8],[9],[10],[11],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[11],[12],[47]}

Sep. 29, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31],[47]}

$ 19,250,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12],[47]}

17,430,000

Fair Value

^{[7],[8],[9],[10],[11],[12],[47]}

$ 19,250,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Lucky Bucks Holdings LLC Hotels, Restaurants & Leisure Maturity 05/29/28

Schedule of Investments [Line Items]

Maturity

May 29, 2028

^{[1],[2],[3],[4],[5],[6],[42]}

May 29, 2028

^{[7],[8],[9],[10],[11],[12],[43]}

Par/ Shares

$ 8,762,000

^{[1],[2],[3],[4],[5],[6],[30],[42]}

$ 8,762,000

^{[7],[8],[9],[10],[11],[12],[31],[43]}

Cost/Amortized Cost

5,993,000

^{[1],[2],[3],[4],[5],[6],[42]}

5,992,000

^{[7],[8],[9],[10],[11],[12],[43]}

Fair Value

$ 1,697,000

^{[1],[2],[3],[4],[5],[6],[42]}

$ 1,697,000

^{[7],[8],[9],[10],[11],[12],[43]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Tubular Textile Machinery, Inc. Machinery Interest Rate 5.00% Maturity 10/29/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[11],[12],[39]}

5.00%

Maturity

^{[7],[8],[9],[10],[11],[12]}

Oct. 29, 2027

Par/ Shares

^{[7],[8],[9],[10],[11],[12],[31]}

$ 5,224,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[11],[12]}

3,071,000

Fair Value

^{[7],[8],[9],[10],[11],[12]}

3,367,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Tubular Textile Machinery, Inc. Machinery Interest Rate 5.00% PIK Maturity 10/29/27

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[4],[5],[6],[38]}

5.00%

Maturity

^{[1],[2],[3],[4],[5],[6]}

Oct. 29, 2027

Par/ Shares

^{[1],[2],[3],[4],[5],[6],[30]}

$ 5,289,000

Cost/Amortized Cost

^{[1],[2],[3],[4],[5],[6]}

3,344,000

Fair Value

^{[1],[2],[3],[4],[5],[6]}

2,495,000

Investment, Identifier [Axis]: Non Controlled Affiliated Investments [Member]

Schedule of Investments [Line Items]

Fair Value

87,371,000

^[18]

80,585,000

^[18],[59]

64,384,000

^[21],[59]

Investment, Identifier [Axis]: Non Controlled Affiliated and Controlled Investments [Member]

Schedule of Investments [Line Items]

Fair Value

96,315,000

^[18]

91,240,000

^[18]

77,399,000

^[21]

Investment, Identifier [Axis]: Non-controlled affiliated investments American Clinical Solutions, LLC - Class A Type of Investment Preferred Stock and Units Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^[18],[60]

20,964,483,000

Investment, Identifier [Axis]: Non-controlled affiliated investments American Clinical Solutions, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[21],[60],[61]}

20,964,483,000

Investment, Identifier [Axis]: Non-controlled affiliated investments American Clinical Solutions, LLC Type of Investment First Lien/Senior Secured Debt Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^[60]

8,019,000

^[18]

7,943,000

^[21]

Fair Value

^[18],[60]

4,892,000

5,084,000

Investment, Identifier [Axis]: Non-controlled affiliated investments BMP Slappey Holdco, LLC Type of Investment Preferred Stock and Units Industry Classification Diversified Telecommunication Services

Schedule of Investments [Line Items]

Fair Value

^{[21],[59],[61]}

557,000

Investment, Identifier [Axis]: Non-controlled affiliated investments BMP Slappey Investment II Type of Investment Preferred Stock and Units Industry Classification Diversified Telecommunication Services

Schedule of Investments [Line Items]

Fair Value

^{[21],[59],[61]}

248,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Burgaflex Holdings, LLC - Class A Type of Investment Common Stock and Membership Units Industry Classification Automobile Components

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

1,253,198,000

Fair Value

^{[18],[60],[62]}

3,567,000

2,333,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Burgaflex Holdings, LLC - Class B Type of Investment Common Stock and Membership Units Industry Classification Automobile Components One

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

1,085,073,000

Fair Value

^{[18],[60],[62]}

2,339,000

2,144,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Burgaflex Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Automobile Components

Schedule of Investments [Line Items]

Par/ Shares

^{[21],[59],[61]}

1,253,198,000

Fair Value

^{[21],[59],[61]}

2,333,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Burgaflex Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Automobile Components One

Schedule of Investments [Line Items]

Par/ Shares

^{[21],[59],[61]}

1,085,073,000

Fair Value

^{[21],[59],[61]}

2,144,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Datalink, LLC (Revolver) Type of Investment First Lien Debt Industry Classification Health Care Technology

Schedule of Investments [Line Items]

Fair Value

^{[18],[60],[63]}

(79,000)

Investment, Identifier [Axis]: Non-controlled affiliated investments Datalink, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Technology

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

4,928,000

Fair Value

^{[18],[60],[62]}

1,328,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Datalink, LLC Type of Investment First Lien Debt Industry Classification Health Care Technology

Schedule of Investments [Line Items]

Par/ Shares

^[18],[60]

2,779,000

Fair Value

^[18],[60]

2,112,000

Investment, Identifier [Axis]: Non-controlled affiliated investments EBSC Holdings LLC (Riddell, Inc.) Type of Investment Preferred Stock and Units Industry Classification Leisure Products

Schedule of Investments [Line Items]

Par/ Shares

3,654,000

^[18],[62]

3,566,000

^{[21],[59],[61]}

Fair Value

4,170,000

^[18],[62]

4,012,000

^{[18],[59],[62]}

2,375,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments GreenPark Infrastructure, LLC - Series A Type of Investment Preferred Stock and Units Industry Classification Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

1,400,000

^{[18],[60],[62]}

1,400,000

^{[21],[59],[61]}

Fair Value

735,000

^{[18],[60],[62]}

700,000

^{[18],[60],[62]}

500,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments GreenPark Infrastructure, LLC - Series M-1 Type of Investment Common Stock and Membership Units Industry Classification Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

8,977,000

^{[18],[60],[62]}

8,977,000

^{[21],[59],[61]}

Fair Value

3,097,000

^{[18],[60],[62]}

3,074,000

^{[18],[60],[62]}

2,202,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments HR Pharmaceuticals, LLC (Revolver) Type of Investment First Lien Debt Industry Classification Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[63]}

34,000

Fair Value

^{[18],[60],[63]}

27,000

Investment, Identifier [Axis]: Non-controlled affiliated investments HR Pharmaceuticals, LLC Type of Investment First Lien Debt Industry Classification Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Par/ Shares

^[18],[60]

2,773,000

Fair Value

^[18],[60]

2,708,000

Investment, Identifier [Axis]: Non-controlled affiliated investments HR Pharmaceuticals, LLC Type of Investment Preferred Stock and Units Industry Classification Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

500,000,000

Fair Value

^{[18],[60],[62]}

500,000

Investment, Identifier [Axis]: Non-controlled affiliated investments JMP Credit Advisors CLO IV LTD Type of Investment Collateralized Loan Obligations Industry Classification CLO Fund Securities

Schedule of Investments [Line Items]

Par/ Shares

26,298,000

^{[18],[19],[20]}

26,298,000

^{[21],[22],[23],[59]}

Fair Value

87,000

^{[18],[19],[20]}

121,000

^{[18],[19],[20],[59]}

725,000

^{[21],[22],[23],[59]}

Investment, Identifier [Axis]: Non-controlled affiliated investments JMP Credit Advisors CLO V LTD Type of Investment Collateralized Loan Obligations Industry Classification CLO Fund Securities

Schedule of Investments [Line Items]

Par/ Shares

24,394,000

^{[18],[19],[20]}

24,394,000

^{[21],[22],[23],[59]}

Fair Value

1,603,000

^{[18],[19],[20]}

1,556,000

^{[18],[19],[20],[59]}

1,467,000

^{[21],[22],[23],[59]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Kleen-Tech Acquisition, LLC Type of Investment Common Stock and Membership Units Industry Classification Commercial Services & Supplies

Schedule of Investments [Line Items]

Par/ Shares

250,000,000

^{[18],[60],[62]}

250,000,000

^{[21],[59],[61]}

Fair Value

250,000

^{[18],[60],[62]}

250,000

^{[18],[60],[62]}

1,420,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Equipment & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[21],[59],[61]}

45,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

45,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment First Lien/Senior Secured Debt Industry Classification Health Care Equipment & Services

Schedule of Investments [Line Items]

Par/ Shares

^[21],[59]

5,030,000

Fair Value

^[21],[59]

4,632,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment First Lien/Senior Secured Debt Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^[18],[60]

5,215,000

Fair Value

^[18],[60]

4,716,000

4,632,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Preferred Stock and Units Industry Classification Health Care Equipment & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[21],[59],[61]}

1,000,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Preferred Stock and Units Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

1,000,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Health Care Equipment & Services

Schedule of Investments [Line Items]

Par/ Shares

^[21],[59]

480,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Health Care Providers & Services

Schedule of Investments [Line Items]

Par/ Shares

^[18],[60]

480,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC - Class O Preferred Type of Investment Preferred Stock and Units Industry Classification Metals & Mining

Schedule of Investments [Line Items]

Par/ Shares

5,445,000,000

^{[18],[60],[62]}

5,445,000

^{[21],[59],[61]}

Fair Value

122,000

^{[18],[60],[62]}

280,000

^{[18],[60],[62]}

1,160,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC - Preferred Type of Investment Preferred Stock and Units Industry Classification Metals & Mining

Schedule of Investments [Line Items]

Par/ Shares

^{[21],[59],[61]}

2,368,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Metals & Mining

Schedule of Investments [Line Items]

Par/ Shares

4,500,000

^[18],[60]

4,500,000

^[21],[59]

Fair Value

3,522,000

^[18],[60]

3,483,000

^[18],[60]

3,443,000

^[21],[59]

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Metals & Mining One

Schedule of Investments [Line Items]

Par/ Shares

500,000

^[18],[60]

500,000

^[21],[59]

Fair Value

391,000

^[18],[60]

387,000

^[18],[60]

500,000

^[21],[59]

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC – Preferred Type of Investment Preferred Stock and Units Industry Classification Metals & Mining

Schedule of Investments [Line Items]

Par/ Shares

^{[18],[60],[62]}

2,368,000

Investment, Identifier [Axis]: Non-controlled affiliated investments PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver) Type of Investment First Lien/Senior Secured Debt Industry Classification Diversified Consumer Service

Schedule of Investments [Line Items]

Fair Value

(17,000)

^[18],[63]

(13,000)

^{[18],[59],[63]}

(10,000)

^{[21],[59],[64]}

Investment, Identifier [Axis]: Non-controlled affiliated investments PMP OPCO, LLC (Princeton Medspa Partners, LLC) Type of Investment First Lien/Senior Secured Debt Industry Classification Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

1,999,000

^[18],[63]

2,005,000

^{[21],[59],[64]}

Fair Value

1,807,000

^[18],[63]

1,855,000

^{[18],[59],[63]}

1,529,000

^{[21],[59],[64]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Phoenix Aviation Capital, LLC Type of Investment Common Stock and Membership Units Industry Classification Aerospace & Defense

Schedule of Investments [Line Items]

Par/ Shares

4,000

^[18],[62]

4,000

^{[21],[59],[61]}

Fair Value

^[18],[62]

333,000

242,000

^[59]

Investment, Identifier [Axis]: Non-controlled affiliated investments Phoenix Aviation Capital, LLC Type of Investment Preferred Stock and Units Industry Classification Aerospace & Defense

Schedule of Investments [Line Items]

Par/ Shares

1,304,086,000

^{[18],[60],[62]}

1,281,657,000

^{[21],[59],[61]}

Fair Value

^{[18],[60],[62]}

1,108,000

1,130,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Princeton Medspa Partners, LLC - Put Option Type of Investment Derivatives Industry Classification Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

1,000,000,000

^{[18],[20],[62]}

1,000,000,000

^{[21],[23],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Princeton Medspa Partners, LLC - Warrant Type of Investment Common Stock and Membership Units Industry Classification Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

^[18],[62]

^{[21],[59],[61]}

Fair Value

5,000

^[18],[62]

10,000

^{[18],[59],[62]}

28,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Princeton Medspa Partners, LLC Type of Investment Preferred Stock and Units Industry Classification Diversified Consumer Services

Schedule of Investments [Line Items]

Par/ Shares

1,240,051,000

^[18],[62]

1,202,973,000

^{[21],[59],[61]}

Fair Value

592,000

^[18],[62]

676,000

^{[18],[59],[62]}

859,000

^{[21],[59],[61]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Riddell, Inc. Type of Investment First Lien/Senior Secured Debt Industry Classification Leisure Products

Schedule of Investments [Line Items]

Par/ Shares

9,181,000

^[18]

9,306,000

^[21],[59]

Fair Value

9,181,000

^[18]

9,307,000

^[18],[59]

6,243,000

^[21],[59]

Investment, Identifier [Axis]: Non-controlled affiliated investments Series A-Great Lakes Funding II LLC Type of Investment Joint Ventures Industry Classification Joint Venture

Schedule of Investments [Line Items]

Fair Value

^{[21],[23],[59],[65]}

41,138,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Series B-Great Lakes Funding II LLC Type of Investment Joint Ventures Industry Classification Joint Venture

Schedule of Investments [Line Items]

Par/ Shares

39,862,000

^{[18],[60],[63],[66]}

39,862,000

^{[21],[23],[59],[64],[65]}

Fair Value

^{[18],[60],[63],[66]}

36,023,000

37,510,000

^[23]

Investment, Identifier [Axis]: Non-controlled affiliated investments Sierra Hamilton Holdings Corporation Type of Investment Common Stock and Membership Units Industry Classification Energy Equipment & Services

Schedule of Investments [Line Items]

Par/ Shares

27,396,364,000

^[18],[62]

27,396,364,000

^{[21],[59],[61]}

Fair Value

^[18],[62]

778,000

611,000

^[59]

Investment, Identifier [Axis]: Non-controlled affiliated investments Westshore Ram, LLC Type of Investment Preferred Stock and Units Industry Classification Financial Services

Schedule of Investments [Line Items]

Par/ Shares

86,000,000

^[18],[62]

86,000,000

^{[21],[59],[61]}

Fair Value

^[18],[62]

1,474,000

1,201,000

^[59]

Investment, Identifier [Axis]: Total controlled investments

Schedule of Investments [Line Items]

Fair Value

$ 8,944,000

^[18],[19]

$ 10,655,000

^[18],[19]

$ 13,015,000

^[21],[22]

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AIDC IntermediateCo 2, LLC (Peak Technologies) IT Services Interest Rate 8.97% Reference Rate and Spread SOFR + 5.25% Floor 1.00% Maturity 07/22/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

8.97%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

5.25%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Jul. 22, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 5,820,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

5,339,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 5,777,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AMCP Pet Holdings, Inc. (Revolver) Consumer Staples Distribution & Retail Interest Rate 11.00% Reference Rate and Spread SOFR + 7.00%, 3.00% PIK Floor 1.00% Maturity 01/04/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39]}

11.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39]}

3.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39]}

7.00%

Floor

^{[7],[8],[9],[10],[12],[39]}

1.00%

Maturity

^{[7],[8],[9],[10],[12]}

Jan. 04, 2028

Par/ Shares

^{[7],[8],[9],[10],[12],[31]}

$ 1,046,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12]}

1,043,000

Fair Value

^{[7],[8],[9],[10],[12]}

$ 918,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AMCP Pet Holdings, Inc. Consumer Staples Distribution & Retail Interest Rate 10.99% Reference Rate and Spread SOFR + 7.00%, 3.00% PIK Floor 1.00% Maturity 01/04/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

10.99%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39],[47]}

3.00%

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

7.00%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Jan. 04, 2028

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 4,802,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

4,784,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 4,214,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Accurate Background, LLC IT Services Interest Rate 9.93% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 03/26/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

9.93%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

6.00%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Mar. 26, 2029

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 8,644,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

8,031,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 8,640,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Advantage Capital Holdings LLC Financial Services Interest Rate 13.00% Reference Rate and Spread 13.00%, 5.00% PIK Maturity 04/14/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

13.00%

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39],[47]}

5.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Apr. 14, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 15,429,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

15,429,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 15,004,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt American Academy Holdings, LLC Health Care Providers & Services Interest Rate 13.73% Reference Rate and Spread SOFR + 9.75%, 5.25% PIK Floor 3.25% Maturity 06/30/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

13.73%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39],[47]}

5.25%

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

9.75%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

3.25%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Jun. 30, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 6,933,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

6,782,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 7,340,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ancile Solutions, Inc. Software Interest Rate 13.97% Reference Rate and Spread SOFR + 10.00% Floor 1.00% Maturity 06/11/26

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

13.97%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

10.00%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Jun. 11, 2026

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 5,740,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

5,728,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 5,739,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (2025 Delayed Draw Term Loan) Media Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50%, 9.43% PIK Floor 1.00% Maturity 11/15/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39]}

9.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39]}

9.43%

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39]}

5.50%

Floor

^{[7],[8],[9],[10],[12],[39]}

1.00%

Maturity

^{[7],[8],[9],[10],[12]}

Nov. 15, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31]}

$ 1,393,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12]}

1,393,000

Fair Value

^{[7],[8],[9],[10],[12]}

$ 1,393,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Hollywood Suites Delayed Draw Term Loan) Media Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50%, 9.43% PIK Floor 1.00% Maturity 11/15/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39]}

9.43%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39]}

9.43%

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39]}

5.50%

Floor

^{[7],[8],[9],[10],[12],[39]}

1.00%

Maturity

^{[7],[8],[9],[10],[12]}

Nov. 15, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31]}

$ 4,318,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12]}

4,318,000

Fair Value

^{[7],[8],[9],[10],[12]}

$ 4,318,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan B) Media Interest Rate 10.00% PIK Maturity 11/15/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39]}

10.00%

Maturity

^{[7],[8],[9],[10],[12]}

Nov. 15, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31]}

$ 9,278,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12]}

9,278,000

Fair Value

^{[7],[8],[9],[10],[12]}

$ 8,486,000

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[12],[43]}

Nov. 15, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[43]}

$ 8,783,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[43]}

$ 935,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Appfire Technologies, LLC Software Interest Rate 8.42% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 03/09/28

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

8.42%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

4.75%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Mar. 09, 2028

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 5,771,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

5,768,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 5,771,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt BetaNXT, Inc. (Revolver) Financial Services Interest Rate 7.94% Reference Rate and Spread SOFR + 4.25% Maturity 07/01/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[45]}

7.94%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[45]}

4.25%

Maturity

^{[7],[8],[9],[10],[12],[45]}

Jul. 01, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[45]}

$ 860,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[45]}

833,000

Fair Value

^{[7],[8],[9],[10],[12],[45]}

$ 821,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt BetaNXT, Inc. Financial Services Interest Rate 9.42% Reference Rate and Spread SOFR + 5.75% Maturity 07/01/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

9.42%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

5.75%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Jul. 01, 2029

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 12,836,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

12,212,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 12,456,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Bradshaw International Parent Corp. (Revolver) Specialty Retail Reference Rate and Spread SOFR + 5.75% Floor 1.00% Maturity 10/21/26

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[45],[46]}

5.75%

Floor

^{[7],[8],[9],[10],[12],[39],[45],[46]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[45],[46]}

Oct. 21, 2026

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[45],[46]}

$ (20,000)

Fair Value

^{[7],[8],[9],[10],[12],[45],[46]}

$ (40,000)

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Bradshaw International Parent Corp. Specialty Retail Interest Rate 9.57% Reference Rate and Spread SOFR + 5.75% Floor 1.00% Maturity 10/21/27

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

9.57%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

5.75%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Oct. 21, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 972,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

918,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 950,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CB MIDCO, LLC Diversified Consumer Services Maturity 09/27/27

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[12],[43],[47]}

Sep. 27, 2027

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[43],[47]}

$ 4,014,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[43],[47]}

3,794,000

Fair Value

^{[7],[8],[9],[10],[12],[43],[47]}

$ 1,380,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) (Revolver) Health Care Providers & Services Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Schedule of Investments [Line Items]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[45],[46]}

4.75%

Floor

^{[7],[8],[9],[10],[12],[39],[45],[46]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[45],[46]}

May 08, 2030

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[45],[46]}

$ (5,000)

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) Health Care Providers & Services Interest Rate 8.47% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

8.47%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

4.75%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

May 08, 2030

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 3,119,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

3,091,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 3,119,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. (Term Loan A1) Textiles, Apparel & Luxury Goods Interest Rate 10.39% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 02/06/31

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

10.39%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

6.50%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Feb. 06, 2031

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 2,424,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

2,424,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 2,424,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. (Term Loan A2) Textiles, Apparel & Luxury Goods Interest Rate 12.89% Reference Rate and Spread SOFR + 9.00%, 11.89% PIK Floor 1.00% Maturity 02/06/31

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39]}

12.89%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Interest Rate, PIK

^{[7],[8],[9],[10],[12],[39]}

11.89%

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39]}

9.00%

Floor

^{[7],[8],[9],[10],[12],[39]}

1.00%

Maturity

^{[7],[8],[9],[10],[12]}

Feb. 06, 2031

Par/ Shares

^{[7],[8],[9],[10],[12],[31]}

$ 3,917,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12]}

3,917,000

Fair Value

^{[7],[8],[9],[10],[12]}

$ 3,917,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. Textiles, Apparel & Luxury Goods Interest Rate 9.39% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 08/06/29

Schedule of Investments [Line Items]

Interest Rate

^{[7],[8],[9],[10],[12],[39],[47]}

9.39%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Reference Rate and Spread

^{[7],[8],[9],[10],[12],[39],[47]}

5.50%

Floor

^{[7],[8],[9],[10],[12],[39],[47]}

1.00%

Maturity

^{[7],[8],[9],[10],[12],[47]}

Aug. 06, 2029

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[47]}

$ 3,689,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[47]}

3,689,000

Fair Value

^{[7],[8],[9],[10],[12],[47]}

$ 3,689,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC (Revolver) Software Maturity 09/30/26

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[12],[43]}

Sep. 30, 2026

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[43]}

$ 685,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[43]}

685,000

Fair Value

^{[7],[8],[9],[10],[12],[43]}

$ 476,000

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[12],[43]}

Sep. 30, 2026

Par/ Shares

^{[8],[9],[10],[12],[31],[43],[47]}

$ 8,368,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[43]}

7,697,000

Fair Value

^{[7],[8],[9],[10],[12],[43]}

$ 5,816,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC Health Care Technology Maturity 11/23/26

Schedule of Investments [Line Items]

Maturity

^{[7],[8],[9],[10],[12],[43],[47]}

Nov. 23, 2026

Par/ Shares

^{[7],[8],[9],[10],[12],[31],[43],[47]}

$ 8,261,000

Cost/Amortized Cost

^{[7],[8],[9],[10],[12],[43],[47]}

6,123,000

Fair Value

^{[7],[8],[9],[10],[12],[43],[47]}

$ 4,987,000

[1]

All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.

[2]

All investments valued using unobservable inputs (Level III), unless otherwise noted.

[3]

Percentages are based on net assets as of March 31, 2026.

[4]

Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).

[5]

The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.

[6]

The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.

[7]

All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.

[8]

All investments valued using unobservable inputs (Level III), unless otherwise noted.

[9]

Percentages are based on net assets as of December 31, 2025.

[10]

Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).

[11]

[12]

The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.

[13]

Represents the equity investment in the Asset Manager Affiliates.

[14]

Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.

[15]

[16]

Information related to the Company’s derivatives is presented below as of December 31, 2025:


($ in thousands)
Description	Counterparty	Number of shares		Notional amount		Exercise price		Expiration date	Value
Call option	HDNet Holdco LLC	0.2		$	8		0.01	N/A	$	—

Description	Counterparty	Number of shares		Notional amount		Exercise price		Expiration date	Value
Put option	Advantage Capital Holdings LLC		164	$	563		20	N/A	$	180
Put option	Epilog Partners LP (Care Connectors Medical Group)		1,166,667	$	—		—	N/A		—
Put option	Princeton Medspa Partners, LLC		1,000,000	$	1,000		2	N/A		—

[17]

As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.

[18]

All investments valued using unobservable inputs (Level III), unless otherwise noted.

[19]

[20]

Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.

[21]

All investments valued using unobservable inputs (Level III), unless otherwise noted.

[22]

[23]

Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.

[24]

CLO Fund Securities are entitled to periodic distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s investments less contractual payments to debt holders and fund expenses. The estimated annualized effective yield indicated is based upon a current projection of the amount and timing of these distributions. Such projections are updated on a quarterly basis and the estimated effective yield is adjusted prospectively.

[25]

Non-U.S. company or principal place of business outside the U.S.

[26]

The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of March 31, 2026, qualifying assets represent 90.7% of the Company's total assets and non-qualifying assets represent 9.3% of the Company's total assets.

[27]

[28]

Non-U.S. company or principal place of business outside the U.S.

[29]

The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of December 31, 2025, qualifying assets represent 89.7% of the Company's total assets and non-qualifying assets represent 10.3% of the Company's total assets.

[30]

Par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments.

[31]

Par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments.

[32]

This investment is held by CPTA Master Blocker Inc., one of the Company’s taxable blocker subsidiaries.

[33]

This investment is held by CPTA Master Blocker Inc., one of the Company’s taxable blocker subsidiaries.

[34]

This investment is owned by PTMN Sub Holdings LLC, one of the Company’s taxable blocker subsidiaries.

[35]

This investment is owned by PTMN Sub Holdings LLC, one of the Company’s taxable blocker subsidiaries.

[36]

This investment is owned by HCAP Equity Holdings, LLC, one of the Company’s taxable blocker subsidiaries.

[37]

This investment is owned by HCAP Equity Holdings, LLC, one of the Company’s taxable blocker subsidiaries.

[38]

A majority of the variable rate loans in the Company’s investment portfolio bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR”) or an alternate Base Rate (commonly based on the Federal Funds Rate or the Prime Rate (“P”)), which typically resets semi-annually, quarterly, or monthly at the borrower’s option. The Borrower may also elect to have multiple interest reset periods for each March 31, 2026 loan. SOFR loans are typically indexed to 12 month, 6 month, 3 month, 2 month or 1 month SOFR rates. As of March 31, 2026, rates for the 6 month, 3 month and 1 month SOFR are 3.70%, 3.68%, and 3.66%, respectively. For each such loan, the Company has provided the weighted average annual stated interest rate in effect as of March 31, 2026. As noted in the table above, 92.8% (based on par) of debt securities with floating rates contain floors which range between 0.50% and 5.25%.

[39]

A majority of the variable rate loans in the Company’s investment portfolio bear interest at a rate that may be determined by reference to either SOFR or an alternate Base Rate (commonly based on the Federal Funds Rate or the Prime Rate), which typically resets semi-annually, quarterly, or monthly at the borrower’s option. The Borrower may also elect to have multiple interest reset periods for each December 31, 2025 loan. SOFR loans are typically indexed to 12 month, 6 month, 3 month, 2 month or 1 month SOFR rates. As of December 31, 2025, rates for the 6 month, 3 month and 1 month SOFR are 3.57%, 3.65%, and 3.69%, respectively. For each such loan, the Company has provided the weighted average annual stated interest rate in effect as of December 31, 2025. As noted in the table above, 89.5% (based on par) of debt securities contain floors which range between 0.50% and 5.25%.

[40]

Debt security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.

[41]

As of March 31, 2026, all or a portion of this investment is pledged to secure the Company’s debt obligations. The fair value of assets pledged as collateral on the Revolving Credit Facility and the KeyBank Credit Facility as of March 31, 2026 was $164.5 million and $114.6 million, respectively.

[42]

Loan or debt security is on non-accrual status and therefore is considered non-income producing. Beginning during the quarter ended June 30, 2025, the Company recognized interest income to the extent that it is received in cash on its loans to Colonnade Intermediate, LLC.

[43]

[44]

The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.

See accompanying notes to unaudited consolidated financial statements.

[45]

[46]

The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.

[47]

As of December 31, 2025, all or a portion of this investment is pledged to secure the Company’s debt obligations. The fair value of assets pledged as collateral on the Revolving Credit Facility and the KeyBank Credit Facility as of December 31, 2025 was $218.8 million and $104.8 million, respectively.

[48]

The investment is held at the net asset value (“NAV”) of the underlying fund.

[49]

The investment is held at the net asset value (“NAV”) of the underlying fund.

[50]

The equity investment is income producing.

[51]

The equity investment is income producing.

[52]

This investment receives a 5% royalty interest on oil being produced on certain fields. All production payments received are being applied to the cost basis and are considered return of capital.

[53]

This investment receives a 5% royalty interest on oil being produced on certain fields. All production payments received are being applied to the cost basis and are considered return of capital.

[54]

This investment is held by the Company’s wholly-owned subsidiary Garrison Capital Equity Holdings XI LLC.

[55]

This investment is held by the Company’s wholly-owned subsidiary Garrison Capital Equity Holdings XI LLC.

[56]

The presentation of the consolidated schedule of investments for the year ended December 31, 2025 utilizes industry classifications aligned with Global Industry Classification Standard (“GICS”) Level 3.

[57]

Held through Garrison Capital Equity Holdings II LLC and net of non-controlling member’s interest of 17.5% pursuant to the Amended and Restated Limited Liability Company Agreement of Garrison Capital Equity Holdings II LLC.

[58]

[59]

[60]

[61]

Number of shares held.

[62]

Number of shares held.

[63]

Security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.

[64]

[65]

The investment is valued at the net asset value of the underlying fund.

[66]

The investment is valued at the net asset value of the underlying fund.

Consolidated Schedule of Investments - Summary of Derivatives (Parenthetical)	Mar. 31, 2026 USD ($) NumberOfShares $ / shares shares	Dec. 31, 2025 USD ($) NumberOfShares $ / shares shares
Schedule of Investments [Line Items]
Notional amount	$ 1,571,000	$ 1,571,000
Open Option Contract, Identifier [Axis]: Call option, HDNet Holdco LLC
Schedule of Investments [Line Items]
Number of shares \| shares	0.2	0.2
Notional amount	$ 8,000	$ 8,000
Exercise price \| $ / shares	0.01	0.01
Open Option Contract, Identifier [Axis]: Put option, Advantage Capital Holdings LLC
Schedule of Investments [Line Items]
Number of shares \| NumberOfShares	164	164
Notional amount	$ 563,000	$ 563,000
Exercise price \| $ / shares	20	20
Value	$ 195,000	$ 180,000
Open Option Contract, Identifier [Axis]: Put option, Epilog Partners LP (Care Connectors Medical Group)
Schedule of Investments [Line Items]
Number of shares \| NumberOfShares	1,166,667	1,166,667
Open Option Contract, Identifier [Axis]: Put option, Princeton Medspa Partners, LLC
Schedule of Investments [Line Items]
Number of shares \| NumberOfShares	1,000,000	1,000,000
Notional amount	$ 1,000,000	$ 1,000,000
Exercise price \| $ / shares	2	2

Investments - Summary of Fair Value of Investments by Fair Value Hierarchy Levels (Details) - ASC 820 - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	$ 476,888	$ 500,975
Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	440,865	463,465
NAV
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	36,023	37,510
First Lien Debt
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	321,125	344,126
First Lien Debt \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	321,125	344,126
Second Lien Debt
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	38,495	42,183
Second Lien Debt \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	38,495	42,183
Subordinated Debt
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	24,467	25,339
Subordinated Debt \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	24,467	25,339
Equity
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	45,949	39,193
Equity \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	45,949	39,193
Collateralized Loan Obligations
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	1,690	1,789
Collateralized Loan Obligations \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	1,690	1,789
Joint Ventures
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	44,967	48,165
Joint Ventures \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	8,944	10,655
Joint Ventures \| NAV
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	36,023	37,510
Derivatives
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	195	180
Derivatives \| Level III
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value of investments	$ 195	$ 180

Earnings (Losses) Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Increase (Decrease) In Net assets Per Share

The following information sets forth the computation of basic and diluted net increase (decrease) in net assets per share for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands, except share and per share amounts)	2026(1)			2025(1)
Net decrease in net assets resulting from operations – basic and diluted	$	(10,173	)	$	(82	)
Weighted average common stock outstanding – basic and diluted		12,435,534			9,198,223
Net decrease in net assets per share from operations – basic and diluted	$	(0.82	)	$	(0.01	)

(1)

Segment Reporting

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Reporting

12. SEGMENT REPORTING

The Company operates through a single operating and reporting segment with an investment objective to generate both current income and capital appreciation through debt and equity investments. The CODM is the Company’s chief executive officer, and the CODM assesses the performance and makes operating decisions of the Company on a consolidated basis primarily based on the Company’s net increase in net assets resulting from operations (“net income”). Net income is comprised of total investment income (“segment revenues”) and total expenses (“significant segment expenses”), which are considered the key segment measures of profit or loss reviewed by the CODM. In addition to numerous other factors and metrics, the CODM utilizes net income as a key metric in determining the amount of dividends to be distributed to the Company’s stockholders, implementing investment policy decisions and strategic initiatives, managing the Company’s portfolio, allocating assets, and assessing the performance of the portfolio. As the Company’s operations are comprised solely of the Investment Management Segment, the segment assets are reflected on the accompanying consolidated statements of assets and liabilities as “total assets” and the significant segment expenses are listed on the accompanying consolidated statement of operations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Borrowings - Schedule of Interest Expense, Deferred Financing Costs, Average Outstanding Balance, and Average Stated Interest Rate (Details) - USD ($) $ in Thousands		3 Months Ended
	Mar. 31, 2026	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Debt Instrument [Line Items]
Interest expense		$ 5,837	$ 4,298
Deferred financing costs		$ 463	309
Average stated interest rate	6.70%	6.70%		6.90%
4.875% Notes due 2026
Debt Instrument [Line Items]
Interest expense			1,316
Amortization of original issue discount			130
Deferred financing costs			55
Total interest and financing expenses			1,501
Average outstanding balance			$ 108,000
Average stated interest rate			4.88%
Amortization of original issue discount			$ 130
2026 Notes
Debt Instrument [Line Items]
Interest expense		$ 656
Amortization of original issue discount		50
Deferred financing costs		45
Total interest and financing expenses		751
Average outstanding balance		$ 50,000
Average stated interest rate		5.25%
Amortization of original issue discount		$ 50
7.50% notes due 2028
Debt Instrument [Line Items]
Interest expense		656
Amortization of original issue discount		40
Deferred financing costs		29
Total interest and financing expenses		725
Average outstanding balance		$ 35,000
Average stated interest rate		7.50%
Amortization of original issue discount		$ 40
7.50% Notes Due 2029
Debt Instrument [Line Items]
Interest expense	$ 73
Deferred financing costs	4
Total interest and financing expenses	77
Average outstanding balance	$ 50,000
Average stated interest rate	7.50%
2032 Convertible Notes
Debt Instrument [Line Items]
Interest expense		26
Amortization of original issue discount		3
Total interest and financing expenses		29
Average outstanding balance		$ 2,000
Average stated interest rate		5.25%
Amortization of original issue discount		$ 3
2030 Notes
Debt Instrument [Line Items]
Interest expense		1,453
Amortization of original issue discount		71
Deferred financing costs		34
Total interest and financing expenses		1,558
Average outstanding balance		$ 75,000
Average stated interest rate		7.75%
Amortization of original issue discount		$ 71
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility
Debt Instrument [Line Items]
Interest expense		1,484	2,609
Deferred financing costs		125	124
Unused commitment fees		265	64
Total interest and financing expenses		1,874	2,797
Average outstanding balance		$ 96,424	$ 153,471
Average stated interest rate		6.17%	6.82%
KeyBank Credit Facility
Debt Instrument [Line Items]
Interest expense		$ 723
Deferred financing costs		61
Unused commitment fees		39
Total interest and financing expenses		823
Average outstanding balance		$ 44,073
Average stated interest rate		6.48%

LRFC Acquisition - (Additional Information) (Details)	Jul. 15, 2025 $ / shares shares	Jul. 14, 2025 $ / shares	May 06, 2025 $ / shares	Mar. 31, 2026 $ / shares shares	Dec. 31, 2025 $ / shares shares
Business Combination [Line Items]
Common stock, issued \| shares				14,009,104	14,003,016
Common stock, par value				$ 0.01	$ 0.01
LRFC Acquisition \| O 2025 Q2 Dividends
Business Combination [Line Items]
Declared cash distribution of per share of common stock			$ 0.47
Date of record			May 06, 2025
LRFC Acquisition \| O 2025 Q3 Dividends
Business Combination [Line Items]
Declared cash distribution of per share of common stock		$ 0.38
Date of record		Jul. 14, 2025
LRFC Acquisition \| Common Stock
Business Combination [Line Items]
Merger related shares issued per LRFC shares converted in to right to receive	1.5
Common stock, issued \| shares	3,984,078
Common stock, par value	$ 0.01

Investments

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Investments

4. INVESTMENTS

The following table shows the Company’s portfolio by security type as of March 31, 2026 and December 31, 2025:


($ in thousands)	March 31, 2026							December 31, 2025
Security Type	Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio			Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio
First Lien Debt	$	348,092	$	321,125		67.4	%	$	360,556	$	344,126		68.7	%
Second Lien Debt		48,588		38,495		8.1	%		49,777		42,183		8.4	%
Subordinated Debt		27,975		24,467		5.1	%		27,487		25,339		5.1	%
Collateralized Loan Obligations		1,381		1,690		0.4	%		1,381		1,789		0.4	%
Joint Ventures		64,289		44,967		9.4	%		64,403		48,165		9.6	%
Equity		48,243		45,949		9.6	%		44,413		39,193		7.8	%
Asset Manager Affiliates(1)		17,791		—		—			17,791		—		—
Derivatives		31		195		0.0	%		31		180		0.0	%
Total	$	556,390	$	476,888		100.0	%	$	565,839	$	500,975		100.0	%

(1)

Represents the equity investment in the Asset Manager Affiliates.

The industry concentrations based on the fair value of the Company’s investment portfolio as of March 31, 2026 and December 31, 2025 were as follows:


($ in thousands)	March 31, 2026							December 31, 2025
Industry Classification	Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio			Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio
Health Care Providers & Services	$	64,635	$	65,790		13.9	%	$	58,717	$	61,024		12.2	%
Software		76,168		57,561		12.2	%		75,864		62,850		12.5	%
Financial Services		51,962		53,119		11.1	%		53,013		53,424		10.7	%
Joint Venture		64,289		44,967		9.4	%		64,403		48,165		9.6	%
IT Services		32,936		34,489		7.2	%		34,738		36,812		7.3	%
Diversified Consumer Services		28,992		24,917		5.2	%		28,543		25,933		5.2	%
Commercial Services & Supplies		22,580		23,332		4.9	%		22,368		23,274		4.6	%
Leisure Products		15,500		16,434		3.4	%		15,412		16,311		3.2	%
Textiles, Apparel & Luxury Goods		10,895		15,764		3.3	%		10,776		14,059		2.8	%
Aerospace & Defense		14,455		14,623		3.1	%		14,468		14,664		2.9	%
Media		17,563		14,273		3.0	%		17,252		15,617		3.1	%
Food Products		8,523		8,930		1.9	%		8,417		8,802		1.8	%
Health Care Equipment & Supplies		9,725		8,207		1.7	%		6,804		5,103		1.0	%
Personal Care Products		7,423		7,848		1.6	%		3,511		3,948		0.8	%
Household Durables		6,949		6,882		1.4	%		6,083		5,952		1.2	%
Ground Transportation		6,854		6,875		1.4	%		7,319		7,352		1.5	%
Household Products		7,168		6,490		1.4	%		7,055		6,511		1.3	%
Trading Companies & Distributors		5,770		5,991		1.3	%		6,688		6,946		1.4	%
Capital Markets		6,196		5,955		1.2	%		6,143		6,002		1.2	%
Health Care Technology		7,014		5,953		1.2	%		8,289		7,448		1.5	%
Automobile Components		4,539		5,906		1.2	%		4,539		4,477		0.9	%
Professional Services		5,446		5,277		1.1	%		5,410		5,509		1.1	%
Electronic Equipment, Instruments & Components		4,382		4,703		1.0	%		4,375		4,734		0.9	%
Machinery		6,734		4,524		0.9	%		6,451		5,798		1.2	%
Consumer Staples Distribution & Retail		5,876		4,404		0.9	%		5,827		5,132		1.0	%
Interactive Media & Services		3,664		4,071		0.9	%		17,781		19,000		3.8	%
Metals & Mining		10,445		4,035		0.8	%		10,445		4,150		0.8	%
Containers & Packaging		2,944		2,834		0.6	%		2,724		2,568		0.5	%
Hotels, Restaurants & Leisure		7,717		2,134		0.4	%		7,716		2,263		0.5	%
CLO Fund Securities		1,381		1,690		0.4	%		1,381		1,789		0.4	%
Electrical Equipment		1,251		1,259		0.3	%		1,250		1,271		0.3	%
Technology Hardware, Storage & Peripherals		1,407		1,242		0.3	%		1,407		1,308		0.3	%
Communications Equipment		1,020		1,209		0.3	%		1,020		1,116		0.2	%
Diversified Telecommunication Services		675		1,147		0.2	%		675		1,146		0.2	%
Beverages		922		1,141		0.2	%		6,596		7,158		1.4	%
Specialty Retail		7,482		976		0.2	%		7,469		967		0.2	%
Energy Equipment & Services		394		778		0.2	%		394		611		0.1	%
Building Products		1,500		775		0.2	%		1,500		505		0.1	%
Industrial Conglomerates		324		324		0.1	%		324		324		0.1	%
Transportation Infrastructure		2,346		59		0.0	%		2,346		952		0.2	%
Wireless Telecommunication Services		866		—		0.0	%		866	—			0.0	%
Broadline Retail		1,687		—		0.0	%		1,689	—			0.0	%
Oil, Gas & Consumable Fuels		—		—		0.0	%	—		—			0.0	%
Asset Management Company(1)		17,791		—		0.0	%		17,791	—			0.0	%
Total	$	556,390	$	476,888		100.0	%	$	565,839	$	500,975		100.0	%

(1)

Represents the equity investment in the Asset Manager Affiliates.

Investments in CLO Fund Securities

The Company has made non-controlling investments in the most junior class of securities (typically preferred shares or subordinated securities) of CLO Funds. These securities also are entitled to recurring distributions which generally equal the net remaining cash flow of the payments made by the underlying CLO Fund’s securities less contractual payments to senior bond holders, management fees and CLO Fund expenses. CLO Funds invest primarily in broadly syndicated non-investment grade loans, high-yield bonds and other credit instruments of corporate issuers. The underlying assets in each of the CLO Funds in which the Company has an investment are generally diversified secured or unsecured corporate debt. The CLO Funds are leveraged funds and any excess cash flow or “excess spread” (interest earned by the underlying securities in the CLO Funds less payments made to senior bond holders, fund expenses and management fees) is paid to the holders of the CLO Fund’s subordinated securities or preferred shares.

The following table details investments in CLO Fund Securities as of March 31, 2026 and December 31, 2025:


($ in thousands)		March 31, 2026							December 31, 2025
CLO Fund Securities	Investment	Amortized Cost		Fair Value		Percentage Ownership(1)			Amortized Cost		Fair Value		Percentage Ownership(1)
Catamaran CLO 2014-1 Ltd.	Collateralized Loan Obligations	$	—	$	—		22.2	%	$	—	$	—		22.2	%
Catamaran CLO 2018-1 Ltd.	Collateralized Loan Obligations		112		—		24.8	%		112		112		24.8	%
Dryden 30 Senior Loan Fund	Collateralized Loan Obligations		—		—		6.8	%		—		—		6.8	%
JMP Credit Advisors CLO IV Ltd.	Collateralized Loan Obligations		230		87		81.7	%		230		121		81.7	%
JMP Credit Advisors CLO V Ltd.	Collateralized Loan Obligations		1,039		1,603		81.7	%		1,039		1,556		81.7	%
Total		$	1,381	$	1,690				$	1,381	$	1,789

(1)

Represents percentage of class held as of March 31, 2026 and December 31, 2025, respectively.

Affiliate Investments:

The following table details investments in affiliates as of March 31, 2026 (dollars in thousands, except share amounts):


Company(1)	Type of Investment	Industry Classification	Fair Value as of December 31, 2025		Purchases/ (Sales) of or Advances/ (Distributions)			Net Accretion		Net Change in Unrealized Gain/(Loss)			Realized Gain/(Loss)		Fair Value as of March 31, 2026			Principal / Shares as of March 31, 2026		Interest and Fee Income		Dividend Income
Controlled investments(3)
Asset Management Company(2)	Asset Manager Affiliates	Asset Management Company	$	—	$	—		$	—	$	—		$	—	$	—			—	$	—	$	—
KCAP Freedom 3, LLC(2)	Joint Ventures	Joint Venture		10,655		(114	)		—		(1,597	)		—		8,944			27,220		—		—
Total Controlled investments			$	10,655	$	(114	)	$	—	$	(1,597	)	$	—	$	8,944				$	—	$	—
Non-controlled affiliated investments(4)
American Clinical Solutions, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services	$	5,084	$	76		$	846	$	(1,114	)	$	—	$	4,892			8,019	$	1,062	$	—
American Clinical Solutions, LLC - Class A(5)	Preferred Stock and Units	Health Care Providers & Services		—		—			—		—			—		—			20,964,483		—		—
Series B - Great Lakes Funding II LLC(2)(6)(7)	Joint Ventures	Joint Venture		37,510		—			—		(1,487	)		—		36,023			39,862		—		1,047
Burgaflex Holdings, LLC - Class A(5)	Common Stock and Membership Units	Automobile Components		2,333		—			—		1,234			—		3,567			1,253,198		—		—
Burgaflex Holdings, LLC - Class B(5)	Common Stock and Membership Units	Automobile Components		2,144		—			—		195			—		2,339			1,085,073		—		—
Datalink, LLC	First Lien Debt	Health Care Technology		—		2,549			3		(440	)		—		2,112			2,779		45		—
Datalink, LLC(5)	Common Stock and Membership Units	Health Care Technology		—		2,151			—		(823	)		—		1,328			4,928		—		—
Datalink, LLC (Revolver)(7)	First Lien Debt	Health Care Technology		—		—			—		(79	)		—		(79	)	—			—		—
GreenPark Infrastructure, LLC - Series A(5)	Preferred Stock and Units	Commercial Services & Supplies		700		—			—		35			—		735			1,400		—		—
GreenPark Infrastructure, LLC - Series M-1(5)	Common Stock and Membership Units	Commercial Services & Supplies		3,074		—			—		23			—		3,097			8,977		—		—
HR Pharmaceuticals, LLC	First Lien Debt	Health Care Equipment & Supplies		—		2,708			2		(2	)		—		2,708			2,773		59		—
HR Pharmaceuticals, LLC(5)	Preferred Stock and Units	Health Care Equipment & Supplies		—		500			—		—			—		500			500,000		12		—
HR Pharmaceuticals, LLC (Revolver)(7)	First Lien Debt	Health Care Equipment & Supplies		—		28			—		(1	)		—		27			34		1		—
Kleen-Tech Acquisition, LLC(5)	Common Stock and Membership Units	Commercial Services & Supplies		250		—			—		—			—		250			250,000		—		—
Northeast Metal Works LLC - Preferred(5)	Preferred Stock and Units	Metals & Mining		—		—			—		—			—		—			2,368		—		—
Northeast Metal Works LLC - Class O Preferred(5)	Preferred Stock and Units	Metals & Mining		280		—			—		(158	)		—		122			5,445,000		—		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		387		—			—		4			—		391			500		10		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		3,483		—			—		39			—		3,522			4,500		90		—
MMI Holdings, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services		4,632		183			—		(99	)		—		4,716			5,215		—		—
MMI Holdings, LLC	Second Lien/Senior Secured Debt	Health Care Providers & Services		—		—			—		—			—		—			480		—		—
MMI Holdings, LLC(5)	Preferred Stock and Units	Health Care Providers & Services		—		—			—		—			—		—			1,000		—		—
MMI Holdings, LLC(5)	Common Stock and Membership Units	Health Care Providers & Services		—		—			—		—			—		—			45		—		—
Phoenix Aviation Capital, LLC(5)	Preferred Stock and Units	Aerospace & Defense		1,130		23			—		(45	)		—		1,108			1,304,086		22		—


Company(1)	Type of Investment	Industry Classification	Fair Value as of December 31, 2025			Purchases/ (Sales) of or Advances/ (Distributions)			Net Accretion		Net Change in Unrealized Gain/(Loss)			Realized Gain/(Loss)		Fair Value as of March 31, 2026			Principal / Shares as of March 31, 2026		Interest and Fee Income		Dividend Income
Phoenix Aviation Capital, LLC(5)	Common Stock and Membership Units	Aerospace & Defense	$	242		$	—		$	—	$	91		$	—	$	333			4	$	—	$	—
Princeton Medspa Partners, LLC(5)	Preferred Stock and Units	Diversified Consumer Services		676			37			—		(121	)		—		592			1,240,051		37		—
Princeton Medspa Partners, LLC - Warrant(5)	Common Stock and Membership Units	Diversified Consumer Services		10			—			—		(5	)		—		5			0		—		—
Princeton Medspa Partners, LLC - Put Option(2)(5)	Derivatives	Diversified Consumer Services		—			—			—		—			—		—			1,000,000		—		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		1,855			(5	)		3		(46	)		—		1,807			1,999		64		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		(13	)		—			—		(4	)		—		(17	)	—			—		—
JMP Credit Advisors CLO IV LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		121			—			—		(34	)		—		87			26,298		—		—
JMP Credit Advisors CLO V LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		1,556			—			—		47			—		1,603			24,394		—		—
EBSC Holdings LLC (Riddell, Inc.)(5)	Preferred Stock and Units	Leisure Products		4,012			89			—		69			—		4,170			3,654		87		—
Riddell, Inc.	First Lien/Senior Secured Debt	Leisure Products		9,307			(125	)		36		(37	)		—		9,181			9,181		261		—
Westshore RAM, LLC - Class A(5)	Preferred Stock and Units	Financial Services		1,201			—			—		273			—		1,474			86,000		91		—
Sierra Hamilton Holdings Corporation(5)	Common Stock and Membership Units	Energy Equipment & Services		611			—			—		167			—		778			27,396,364		—		—
Total non-controlled affiliated investments			$	80,585		$	8,214		$	890	$	(2,318	)	$	—	$	87,371				$	1,841	$	1,047

Total non-controlled affiliated and controlled investments			$	91,240		$	8,100		$	890	$	(3,915	)	$	—	$	96,315				$	1,841	$	1,047

(1)

All investments valued using unobservable inputs (Level III), unless otherwise noted.

(2)

Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.

(3)

(4)

(5)

Number of shares held.

(6)

The investment is valued at the net asset value of the underlying fund.

(7)

The following table details investments in affiliates as of December 31, 2025 (dollars in thousands, except share amounts):


Company(1)	Type of Investment	Industry Classification	Fair Value as of December 31, 2024			Purchases/ (Sales) of or Advances/ (Distributions)			Net Accretion		Transfers In/(Out) of Affiliates			Net Change in Unrealized Gain/(Loss)			Realized Gain/ (Loss)			Fair Value as of December 31, 2025			Principal / Shares at December 31, 2025		Interest and Fee Income		Dividend Income
Controlled investments(3)
Asset Management Company(2)	Asset Manager Affiliates	Asset Management Company	$	—		$	—		$	—	$	—		$	—		$	—		$	—			—	$	—	$	—
ProAir Holdco, LLC(5)	Common Stock and Membership Units	Trading Companies & Distributors		—			—			—		—			4,261			(4,261	)		—			—		—		—
ProAir, LLC	Subordinated Debt	Trading Companies & Distributors		—			—			—		—			1,931			(1,931	)		—			—		—		—
KCAP Freedom 3, LLC(2)	Joint Ventures	Joint Venture		13,015			(897	)		—		—			(1,463	)		—			10,655			27,220		—		—
Total Controlled investments			$	13,015		$	(897	)	$	—	$	—		$	4,729		$	(6,192	)	$	10,655				$	—	$	—
Non-controlled affiliated investments(4)
American Clinical Solutions, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services	$	—		$	1,456		$	1,674	$	3,040		$	(1,086	)	$	—		$	5,084			7,943	$	2,059	$	—
American Clinical Solutions, LLC(5)	Common Stock and Membership Units	Health Care Providers & Services		—			—			—		—			—			—			—			20,964,483		—		—
Series A-Great Lakes Funding II LLC(2)(6)	Joint Ventures	Joint Venture		41,138			(2,867	)		—		(37,081	)		170			(1,360	)		—			—		—		2,630
Series B-Great Lakes Funding II LLC(2)(6)(7)	Joint Ventures	Joint Venture		—			(183	)		—		40,045			(2,352	)		—			37,510			39,862		—		1,697
Burgaflex Holdings, LLC(5)	Common Stock and Membership Units	Automobile Components		—			—			—		2,656			(323	)		—			2,333			1,253,198		—		—
Burgaflex Holdings, LLC(5)	Common Stock and Membership Units	Automobile Components		—			—			—		1,883			261			—			2,144			1,085,073		—		—
GreenPark Infrastructure, LLC - Series A(5)	Preferred Stock and Units	Commercial Services & Supplies		500			—			—		176			24			—			700			1,400		—		—
GreenPark Infrastructure, LLC - Series M-1(5)	Common Stock and Membership Units	Commercial Services & Supplies		2,202			—			—		773			99			—			3,074			8,977		—		—
Kleen-Tech Acquisition, LLC(5)	Common Stock and Membership Units	Commercial Services & Supplies		1,420			—			—		—			(1,170	)		—			250			250,000		83		—
Northeast Metal Works LLC - Preferred(5)	Preferred Stock and Units	Metals & Mining		—			—			—		—			—			—			—			2,368		—		—
Northeast Metal Works LLC - Class O Preferred(5)	Preferred Stock and Units	Metals & Mining		1,160			495			—		—			(1,375	)		—			280			5,445		127		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		3,443			—			—		—			40			—			3,483			4,500		365		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		500			—			—		—			(113	)		—			387			500		22		—
BMP Slappey Holdco, LLC(5)	Preferred Stock and Units	Diversified Telecommunication Services		557			—			—		(467	)		(90	)		—			—			—		—		—
BMP Slappey Investment II(5)	Preferred Stock and Units	Diversified Telecommunication Services		248			—			—		(208	)		(40	)		—			—			—		—		—
MMI Holdings, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services		—			—			—		4,016			616			—			4,632			5,030		—		—
MMI Holdings, LLC	Second Lien/Senior Secured Debt	Health Care Providers & Services		—			—			—		341			(341	)		—			—			480		—		—
MMI Holdings, LLC(5)	Preferred Stock and Units	Health Care Providers & Services		—			—			—		—			—			—			—			1,000		—		—
MMI Holdings, LLC(5)	Common Stock and Membership Units	Health Care Providers & Services		—			—			—		—			—			—			—			45		—		—
Phoenix Aviation Capital, LLC(5)	Common Stock and Membership Units	Aerospace & Defense		—			—			—		387			(145	)		—			242			4		—		—
Phoenix Aviation Capital, LLC(5)	Preferred Stock and Units	Aerospace & Defense		—			61			—		1,025			44			—			1,130			1,281,657		61		—
Phoenix Aviation Capital, LLC	First Lien/Senior Secured Debt	Aerospace & Defense		—			(2,964	)		—		2,964			—			—			—			—		46		—
Princeton Medspa Partners, LLC(5)	Preferred Stock and Units	Diversified Consumer Services		859			139			—		—			(322	)		—			676			1,202,973		141		—
Princeton Medspa Partners, LLC - Warrant(5)	Common Stock and Membership Units	Diversified Consumer Services		28			—			—		—			(18	)		—			10			0		—		—
Princeton Medspa Partners, LLC - Put Option(2)(5)	Derivatives	Diversified Consumer Services		—			—			—		—			—			—			—			1,000,000		—		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		1,529			327			14		—			(15	)		—			1,855			2,005		237		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		(10	)		1			—		—			(4	)		—			(13	)		—		1		—
JMP Credit Advisors CLO IV LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		725			(520	)		—		229			(313	)		—			121			26,298		—		—
JMP Credit Advisors CLO V LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		1,467			(656	)		—		320			517			(92	)		1,556			24,394		—		—
EBSC Holdings LLC (Riddell, Inc.)(5)	Preferred Stock and Units	Leisure Products		2,375			283			—		1,137			217			—			4,012			3,566		284		—
Riddell, Inc.	First Lien/Senior Secured Debt	Leisure Products		6,243			(369	)		83		3,006			344			—			9,307			9,306		887		—
Westshore RAM, LLC(5)	Preferred Stock and Units	Financial Services		—			—			—		1,278			(77	)		—			1,201			86,000		32		—
Sierra Hamilton Holdings Corporation(5)	Common Stock and Membership Units	Energy Equipment & Services		—			—			—		394			217			—			611			27,396,364		—		—
V12 Holdings, Inc.(5)	Common Stock and Membership Units	Software		—			(1,686	)		—		—			—			1,686			—			—		—		—
V12 Holdings, Inc.	Second Lien/Senior Secured Debt	Software		—			(509	)		61		448			—			—			—			—		128		—
Total non-controlled affiliated investments			$	64,384		$	(6,992	)	$	1,832	$	26,362		$	(5,235	)	$	234		$	80,585				$	4,473	$	4,327

Total non-controlled affiliated and controlled investments			$	77,399		$	(7,889	)	$	1,832	$	26,362		$	(506	)	$	(5,958	)	$	91,240				$	4,473	$	4,327

(1)

All investments valued using unobservable inputs (Level III), unless otherwise noted.

(2)

Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.

(3)

(4)

(5)

Number of shares held.

(6)

The investment is valued at the net asset value of the underlying fund.

(7)

Investments in Joint Ventures

For the three months ended March 31, 2026 and 2025, the Company recognized $1.0 million and $1.4 million, respectively, in investment income from its investments in Joint Ventures. As of March 31, 2026 and December 31, 2025, the aggregate fair value of the Company’s investments in Joint Ventures was approximately $45.0 million and $48.2 million, respectively.

KCAP Freedom 3 LLC

During the third quarter of 2017, the Company and Freedom 3 Opportunities LLC (“Freedom 3 Opportunities”), an affiliate of Freedom 3 Capital LLC, entered into an agreement to create KCAP Freedom 3 LLC (the “F3C Joint Venture”). The fund capitalized by the F3C Joint Venture invests primarily in middle-market loans and the F3C Joint Venture partners may source middle-market loans from time-to-time for such fund.

The Company owns a 62.8% equity investment in the F3C Joint Venture. The F3C Joint Venture is structured as an unconsolidated Delaware limited liability company. All portfolio and other material decisions regarding the F3C Joint Venture must be submitted to its board of managers, which is comprised of four members, two of whom were selected by the Company and two of whom were selected by Freedom 3 Opportunities, and must be approved by at least one member appointed by the Company and one appointed by Freedom 3 Opportunities. In addition, certain matters may be approved by the F3C Joint Venture’s investment committee, which is comprised of one member appointed by the Company and one member appointed by Freedom 3 Opportunities.

The Company has determined that the F3C Joint Venture is an investment company under ASC 946, however, in accordance with such guidance, the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. The Company does not consolidate its interest in the F3C Joint Venture because the Company does not control the F3C Joint Venture due to allocation of the voting rights among the F3C Joint Venture partners.

The fair value of the Company’s investment in the F3C Joint Venture as of March 31, 2026 and December 31, 2025 was $8.9 million and $10.7 million, respectively.

Great Lakes Funding II LLC

In August 2022, the Company invested in Series A (“Series A”) of Great Lakes Funding II LLC (the “Great Lakes II Joint Venture,” collectively with the F3C Joint Venture the, “Joint Ventures”), a joint venture with a third-party financial institution and certain other parties with an investment strategy to underwrite and hold senior, secured unitranche loans made to middle-market companies. The Company treats its investment in the Great Lakes II Joint Venture as a joint venture since affiliated funds of the Adviser collectively control a 50% voting interest in the Great Lakes II Joint Venture through a board of managers.

The Great Lakes II Joint Venture is a Delaware series limited liability company. Pursuant to the terms of the limited liability company agreement of the Great Lakes II Joint Venture dated as of July 29, 2022 (as amended, restated, supplemented, or otherwise modified from time to time, the “Great Lakes II LLC Agreement”), prior to the end of the investment period with respect to each series established under the Great Lakes II LLC Agreement, each member of the predecessor series may be offered the opportunity to roll its interests into any subsequent series of the Great Lakes II Joint Venture. The Company does not pay any investment advisory fees in connection with its investment in the Great Lakes II Joint Venture.

On August 1, 2025, pursuant to the Great Lakes II LLC Agreement, the Company elected to participate in a rollover transaction from Series A of Great Lakes II Joint Venture to Series B (“Series B”) of Great Lakes II Joint Venture. As part of the transaction, the portion of the Company’s remaining unfunded commitment in Series A became the Company’s remaining unfunded commitment in Series B, thus reducing the Company’s remaining unfunded commitment in Series A to zero. In connection with the rollover transaction, Series A transferred to Series B a pro rata portion of the underlying portfolio assets held by Series A that corresponded to the interest of the members of Series A who elected to participate in the transaction in addition to a pro rata portion of the principal outstanding under Great Lakes II Joint Venture’s credit facility.

The fair value of the Company’s investment in the Great Lakes II Joint Venture as of March 31, 2026 was $36.0 million and as of December 31, 2025 was $37.5 million. Fair value has been determined utilizing the practical expedient pursuant to ASC 820-10. Pursuant to the terms of the Great Lakes II LLC Agreement, the Company generally may not effect any direct or indirect sale, transfer, assignment, hypothecation, pledge or other disposition of or encumbrance upon its interests in the Great Lakes II Joint Venture, except that the Company may sell or otherwise transfer its interests with the consent of the managing members of the Great Lakes II Joint Venture or to an affiliate or a successor to substantially all of the assets of the Company.

As of March 31, 2026 and December 31, 2025, the Company had an unfunded commitment to Series B of $12.6 million and $12.6 million, respectively.

Fair Value Measurements

The Company follows the provisions of ASC 820, which among other matters, requires enhanced disclosures about investments that are measured and reported at fair value. This standard defines fair value and establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value and expands disclosures about assets and liabilities measured at fair value. ASC 820 defines “fair value” as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This fair value definition focuses on an exit price in the principle, or most advantageous market, and prioritizes, within a measurement of fair value, the use of market-based inputs (which may be weighted or adjusted for relevance, reliability and specific

attributes relative to the subject investment) over entity-specific inputs. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

ASC 820 establishes the following three-level hierarchy, based upon the transparency of inputs to the fair value measurement of an asset or liability as of the measurement date:

Level I – Unadjusted quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities and listed securities. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably affect the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date. Such inputs may be quoted prices for similar assets or liabilities, quoted markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full character of the financial instrument, or inputs that are derived principally from, or corroborated by, observable market information. Investments which are generally included in this category include illiquid debt securities and less liquid, privately held or restricted equity securities for which some level of recent trading activity has been observed.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs may be based on the Company’s own assumptions about how market participants would price the asset or liability or may use Level II inputs, as adjusted, to reflect specific investment attributes relative to a broader market assumption. These inputs into the determination of fair value may require significant management judgment or estimation. Even if observable market data for comparable performance or valuation measures (earnings multiples, discount rates, other financial/valuation ratios, etc.) are available, such investments are grouped as Level III if any significant data point that is not also market observable (private company earnings, cash flows, etc.) is used in the valuation methodology.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and the Company considers factors specific to the investment. A majority of the Company’s investments are classified as Level III. The Company evaluates the source of inputs, including any markets in which its investments are trading, in determining fair value. Inputs that are highly correlated to the specific investment being valued and those derived from reliable or knowledgeable sources will tend to have a higher weighting in determining fair value. The Company’s fair value determinations may include factors such as an assessment of each underlying investment, its current and prospective operating and financial performance, consideration of financing and sale transactions with third parties, expected cash flows and market-based information, including comparable transactions, performance factors, and other investment or industry specific market data, among other factors.

The following tables summarize the fair value of investments by fair value hierarchy levels provided by ASC 820 as of March 31, 2026 (unaudited) and December 31, 2025, respectively:


	As of March 31, 2026
($ in thousands)	Level I		Level II		Level III		NAV		Total
First Lien Debt	$	—	$	—	$	321,125	$	—	$	321,125
Second Lien Debt		—		—		38,495		—		38,495
Subordinated Debt		—		—		24,467		—		24,467
Equity		—		—		45,949		—		45,949
Collateralized Loan Obligations		—		—		1,690		—		1,690
Joint Ventures		—		—		8,944		36,023		44,967
Derivatives		—		—		195		—		195
Total	$	—	$	—	$	440,865	$	36,023	$	476,888


	As of December 31, 2025
($ in thousands)	Level I		Level II		Level III		NAV		Total
First Lien Debt	$	—	$	—	$	344,126	$	—	$	344,126
Second Lien Debt		—		—		42,183		—		42,183
Subordinated Debt		—		—		25,339		—		25,339
Equity		—		—		39,193		—		39,193
Collateralized Loan Obligations		—		—		1,789		—		1,789
Joint Ventures		—		—		10,655		37,510		48,165
Derivatives		—		—		180		—		180
Total	$	—	$	—	$	463,465	$	37,510	$	500,975

As a BDC, the Company is required to invest primarily in the debt and equity of non-public companies for which there is little, if any, market-observable information. As a result, a significant portion of the Company’s investments at any given time will likely be deemed Level III investments. Investment values derived by a third-party pricing service are generally deemed to be Level III values.

The fair value of the Company’s investment in Series B as of March 31, 2026 and December 31, 2025 was $36.0 million and $37.5 million, respectively. Fair value has been determined utilizing the practical expedient pursuant to ASC 820-10.

Subject to the limitations noted above, values derived for debt and equity securities using comparable public/private companies generally utilize market-observable data from such comparables and specific, non-public and non-observable financial measures (such as earnings or cash flows) for the private, underlying company/issuer. Such non-observable company/issuer data is typically provided on a monthly or quarterly basis, is certified as correct by the management of the company/issuer and/or audited by an independent accounting firm on an annual basis. Since such private company/issuer data is not publicly available it is not deemed market-observable data and, as a result, such investment values are grouped as Level III assets.

The Company’s policy for determining transfers between levels is based solely on the previously defined three-level hierarchy for fair value measurement. Transfers between the levels of the fair value hierarchy are separately noted in the tables below and the reason for such transfer described in each table’s respective footnotes. Certain information relating to investments measured at fair value for which the Company has used unobservable inputs to determine fair value is as follows:


	For the Three Months Ended March 31, 2026
($ in thousands)	First Lien Debt			Second Lien Debt			Subordinated Debt			Equity			Collateralized Loan Obligations			Joint Ventures			Derivatives		Total
Balance, December 31, 2025	$	344,126		$	42,183		$	25,339		$	39,193		$	1,789		$	10,655		$	180	$	463,465
Net accretion of interest		3,523			195			430			—			—			—			—		4,148
Purchases / PIK capitalization / originations / draws		13,788			636			57			1,680			—			—			—		16,161
Sales/Paydowns/Return of Capital		(26,766	)		(1,405	)		—			(37	)		—			(114	)		—		(28,322	)
Restructurings		(1,174	)		—			—			1,760			—			—			—		586
Net realized gain (loss) on investments		(1,834	)		(615	)		—			427			—			—			—		(2,022	)
Net change in unrealized appreciation (depreciation) on investments		(10,538	)		(2,499	)		(1,360	)		2,927			(99	)		(1,597	)		15		(13,151	)
Balance, March 31, 2026	$	321,125		$	38,495		$	24,466		$	45,950		$	1,690		$	8,944		$	195	$	440,865
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	$	(9,514	)	$	(2,732	)	$	(1,360	)	$	2,842		$	(99	)	$	(1,597	)	$	15	$	(12,445	)


	For the Three Months Ended March 31, 2025
($ in thousands)	First Lien Debt			Second Lien Debt			Subordinated Debt			Equity			Collateralized Loan Obligations			Joint Ventures			Derivatives		Total
Balance, December 31, 2024	$	289,957		$	28,996		$	1,740		$	24,762		$	5,193		$	13,015		$	220	$	363,883
Net accretion		685			13			1			—			78			—			—		777
Purchases		19,892			290			—			179			—			—			—		20,361
Sales/Paydowns/Return of Capital		(13,204	)		—			(26	)		(169	)		(1,397	)		(360	)		—		(15,156	)
Total realized gain (loss) included in earnings		(98	)		(46	)		—			169			(198	)		—			—		(173	)
Change in unrealized gain (loss) included in earnings		(2,853	)		(529	)		25			1,277			963			(1,274	)		12		(2,379	)
Balance, March 31, 2025	$	294,379		$	28,724		$	1,740		$	26,218		$	4,639		$	11,381		$	232	$	367,313
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	$	(5,560	)	$	(529	)	$	(9	)	$	1,277		$	963		$	(1,274	)	$	12	$	(5,120	)

As of March 31, 2026, the Company’s Level III portfolio investments had the following valuation techniques and significant inputs (dollars in thousands):


Type	Fair Value		Primary Valuation Techniques	Unobservable Inputs	Range of Inputs (Weighted Average)(1)
First Lien Debt	$	19,522	Market	Broker/Dealer Quotes	N/A
		239,696	Income Approach	Required Rate of Return	7.1% – 19.2% (11.4%)
		61,907	Enterprise Value	Revenue Multiple	0.4x
				EBITDA Multiple	5.0x - 10.3x (6.9x)
				Recovery Percentage	2.0% - 100% (61.0%)
				Expected Takeout Price	$100.0
Second Lien Debt		12,345	Market	Broker/Dealer Quotes	N/A
		26,150	Income Approach	Required Rate of Return	16.7% - 27.1% (19.0%)
Subordinated Debt		4,191	Enterprise Value	Recovery Percentage	19.4%
				Revenue Multiple	0.5x
		20,276	Income Approach	Required Rate of Return	11.8% - 16.1% (12.0%)
Equity		5,919	Income Approach	Required Rate of Return	10.5% - 19.2% (14.3%)
				Stock Price Time to Exit (Years) Volatility	$0.5 - $139.0 ($71.4) 1.5 - 3.7 (2.6) 30.0% - 58.9% (44.1%)
		38,505	Enterprise Value	Book Value Multiple	0.9x - 1.7x (1.0x)
				EBITDA Multiple	4.4x - 17.3x (8.0x)
				Revenue Multiple	0.7x - 2.8x (1.7x)
				Expected Takeout Price	$0.0 - $1.0 ($0.7)
				EBITDA Multiple	6.5x
				Liquidation Preference on Multiple of Invested Capital	1.4x
				Multiple on Invested Capital	1.3x
		1,525	Market	Option Purchase Price	$408.1
				Recent Transaction Bid	$1.0
Collateralized Loan Obligations		1,690	Enterprise Value	Recovery Percentage	0.3% - 6.6% (6.2%)
Joint Ventures		8,944	Income Approach	Discount Rate	19.7%
				Probability of Default	4.5%
				Recovery Rate	70.0%
				Prepayment Rate	20.0%
Derivatives		195	Enterprise Value	Book Value Multiple	0.9x
				EBITDA Multiple	6.0x
				Discount Rate	25.0%
Total Level III Investments	$	440,865

(1)

The weighted averages disclosed in the table above were weighted by their relative fair value.

As of December 31, 2025, the Company’s Level III portfolio investments had the following valuation techniques and significant inputs (dollars in thousands):


Type	Fair Value		Primary Valuation Techniques	Unobservable Inputs	Range of Inputs (Weighted Average)(1)
First Lien Debt	$	46,624	Market	Broker/Dealer Quotes	N/A
				Recent Transaction Bid	11.8%
		232,609	Income Approach	Required Rate of Return	5.3% – 18.5% (11.3%)
				Stock Price Time to Exit (Years) Volatility	$491.0 1.0 49.0%
		64,896	Enterprise Value	Revenue Multiple	0.3x - 2.5x (0.7x)
				EBITDA Multiple	5.0x - 9.8x (7.2x)
				Recovery Percentage	72.6% - 100% (95.9%)
				Book Value of Equity	2.8x
Second Lien Debt		15,282	Market	Broker/Dealer Quotes	N/A
		26,901	Income Approach	Required Rate of Return	14.9% - 21.5% (17.1%)
Subordinated Debt		5,062	Enterprise Value	Recovery Percentage	19.4%
				Revenue Multiple	0.6x
		20,275	Income Approach	Required Rate of Return	10.8% - 15.3% (11.0%)
Equity		9,630	Income Approach	Required Rate of Return	9.6% - 19.8% (15.2%)
				Weighted Average Cost of Capital	13.6%
				Stock Price Time to Exit (Years) Volatility	$0.6 - $1,041.5 ($802.0) 1.7 - 3.9 (2.4) 30.0% - 58.9% (55.3%)
		29,527	Enterprise Value	Book Value Multiple	0.6x - 1.7x (1.0x)
				EBITDA Multiple	4.4x - 17.5x (7.9x)
				Revenue Multiple	0.7x - 2.9x (1.0x)
				Expected Takeout Price	$0.4 - $1.0 ($0.9)
		35	Market	Option Purchase Price	$408.1
Collateralized Loan Obligations		1,789	Enterprise Value	Recovery Percentage	0.5% - 6.4% (5.7%)
Joint Ventures		10,655	Income Approach	Discount Rate	18.6%
				Probability of Default	4.5%
				Recovery Rate	70.0%
				Prepayment Rate	20.0%
Derivatives		180	Enterprise Value	Book Value Multiple	0.6x
				EBITDA Multiple	6.3x
				Discount Rate	40.0%
Total Level III Investments	$	463,465

(1)

The weighted averages disclosed in the table above were weighted by their relative fair value.

The significant unobservable inputs used in the fair value measurement of the Company’s debt securities may include, among other things, broad market indices, the comparable yields of similar investments in similar industries, effective discount rates, average EBITDA multiples, and weighted average cost of capital. Significant increases or decreases in such comparable yields would result in a significantly lower or higher fair value measurement, respectively.

The significant unobservable inputs used in the fair value measurement of the Company’s equity securities include the EBITDA multiple of similar investments in similar industries and the weighted average cost of capital. Significant increases or decreases in such inputs would result in a significantly lower or higher fair value measurement.

Significant unobservable inputs used in the fair value measurement of the Company’s CLO Fund Securities include default rates, recovery rates, prepayment rates, spreads, and the discount rate by which to value the resulting underlying cash flows. Such assumptions can vary significantly, depending on market data sources which often vary in depth and level of analysis, understanding of the CLO market, detailed or broad characterization of the CLO market and the application of such data to an appropriate framework for analysis. The application of data points are based on the specific attributes of each individual CLO Fund Security’s underlying assets, historic, current and prospective performance, vintage, and other quantitative and qualitative factors that would be evaluated by market participants. The Company evaluates the source of market data for reliability as an indicative market input, consistency amongst other inputs and results and also the context in which such data is presented. Significant increases or decreases in probability of default and loss severity inputs in isolation would result in a significantly lower or higher fair value measurement, respectively. In general, a change in the assumption of the probability of default is accompanied by a directionally similar change in the assumption used for the loss severity in an event of default. Significant increases or decreases in the discount rate in isolation would result in a significantly lower or higher fair value measurement.

For the three months ended March 31, 2026, there have been no changes in valuation techniques outside of those contemplated in the Company’s Valuation Policy for Level III fair value measurements that have had a material impact on the valuation of the Company’s investment portfolio. The Company does not hold any Level II investments as of the period ended March 31, 2026 and December 31, 2025.

The Company’s investment in the F3C Joint Venture is carried at fair value based upon the fair value of the investments held by the F3C Joint Venture.

The Company values derivative contracts using various pricing models that take into account the terms of the contract (including notional amount and contract maturity) and observable and unobservable inputs such as interest rates and changes in fair value of the reference asset.

The following tables detail derivative investments as of March 31, 2026 and December 31, 2025:


($ in thousands)	March 31, 2026
Types of contracts	Notional amounts		Derivative assets (liabilities)		Realized gain(loss)		Unrealized gain(loss)
Call option(1)	$	8	$	—	$	—	$	—
Put option(2)		1,563		195		—		15
Total	$	1,571	$	195	$	—	$	15

(1) Net amount included in non-controlled/non- affiliated investments on the consolidated statements of assets and liabilities.
(2) Net amount included in non-controlled/non- affiliated investments and non-controlled affiliated investments on the consolidated statements of assets and liabilities.

($ in thousands)	December 31, 2025
Types of contracts	Notional amounts		Derivative assets (liabilities)		Realized gain(loss)		Unrealized gain(loss)
Call option(1)	$	8	$	—	$	—	$	—
Put option(2)		1,563		180		—		(40	)
Total	$	1,571	$	180	$	—	$	(40	)

(1) Net amount included in non-controlled/non- affiliated investments on the consolidated statements of assets and liabilities.
(2) Net amount included in non-controlled/non- affiliated investments and non-controlled affiliated investments on the consolidated statements of assets and liabilities.

Borrowings - Schedule of Debt Obligations (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Jul. 15, 2025
2026 Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discount, net	$ 217	$ 312
2028 Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discount, net	782	851
2029 Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discount, net	881
Deferred financing costs, net	881
2030 Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discount, net	2,318	2,423
2032 Convertible Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discount, net	99	102
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility
Debt Instrument [Line Items]
Deferred financing costs, net	700	825
KeyBank Credit Facility
Debt Instrument [Line Items]
Deferred financing costs and original issue discount, net	843	904	$ 1,000
Deferred financing costs, net	$ 843	$ 904

Distributable Taxable Income (Tables)

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Reconciliation of Net Increase (Decrease) in Net Assets Resulting From Operations to Taxable Income

The following reconciles net increase (decrease) in net assets resulting from operations to taxable income for the three months ended March 31, 2026 and 2025.


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Net increase (decrease) in net assets resulting from operations	$	(10,173	)	$	(82	)
Tax (benefit) provision on realized and unrealized gains (losses) on investments		403			346
Net change in unrealized (appreciation) depreciation on investments		14,638			3,903
Net realized gain (loss) on investments		2,022			173
Book/tax differences on CLO equity investments		—			144
Book/tax differences related to mergers and partnership investments		(2,676	)		(16	)
Other book/tax differences		(129	)		246
Taxable income before deductions for distributions	$	4,085		$	4,714
Taxable income before deductions for distributions per weighted average shares for the period - Basic and Diluted	$	0.33		$	0.51

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Assets [Abstract]

Total Investments at Fair Value

$ 476,888

^{[1],[2],[3],[4],[5],[6]}

$ 500,975

^{[7],[8],[9],[10],[11],[12]}

Cash and cash equivalents

51,824

3,721

Restricted cash

6,209

8,782

Interest receivable

3,791

5,793

Receivable for Unsettled Trades

1,570

Dividend receivable

803

845

Other assets

2,828

3,525

Total Assets

543,913

523,641

Liabilities [Abstract]

Credit Facility

79,309

106,804

Management and incentive fees payable

4,443

1,865

Accounts payable, accrued expenses and other liabilities

3,653

1,714

Accrued interest payable

6,409

4,025

Total Liabilities

350,908

314,485

COMMITMENTS AND CONTINGENCIES (NOTE 8)

NET ASSETS

Common stock, par value $0.01 per share, 20,000,000 common shares authorized; 14,009,104 issued, and 12,375,787 outstanding as of March 31, 2026, and 14,003,016 issued, and 12,541,858 outstanding as of December 31, 2025

124

125

Capital in excess of par value

809,092

811,111

Total distributable (loss) earnings

(616,211)

(602,080)

Total Net Assets

193,005

209,156

Total Liabilities and Net Assets

$ 543,913

$ 523,641

Net Asset Value Per Common Share

$ 15.6

$ 16.68

2026 Notes

Liabilities [Abstract]

Notes Due

$ 49,783

$ 49,688

2028 Notes

Liabilities [Abstract]

Notes Due

34,218

34,149

2029 Notes

Liabilities [Abstract]

Notes Due

49,119

2030 Notes

Liabilities [Abstract]

Notes Due

72,682

72,577

2032 Convertible Notes

Liabilities [Abstract]

Notes Due

1,901

1,898

Great Lakes Portman Ridge Funding LLC Revolving Credit Facility

Liabilities [Abstract]

Credit Facility

80,000

107,600

KeyBank Credit Facility

Liabilities [Abstract]

Credit Facility

49,391

41,765

Non-controlled/Non-affiliated Investments

Assets [Abstract]

Total Investments at Fair Value

380,573

^{[1],[2],[3],[4],[5],[6]}

409,735

^{[7],[8],[9],[10],[11],[12]}

Non-controlled Affiliated Investments

Assets [Abstract]

Total Investments at Fair Value

87,371

80,585

Controlled Affiliated Investments

Assets [Abstract]

Total Investments at Fair Value

$ 8,944

^{[1],[2],[3],[4],[5],[6]}

$ 10,655

^{[7],[8],[9],[10],[11],[12],[13]}

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.
[13]	As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.

Investments - Summary of Information Relating to Investments Measured at Fair Value for Company has Used Unobservable Inputs to Determine Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 463,465	$ 363,883
Net accretion		777
Net accretion of interest	4,148
Purchases / PIK capitalization / originations / draws	16,161	20,361
Sales/Paydowns/Return of Capital	(28,322)	(15,156)
Restructurings	586
Net realized gain (loss) on investments	(2,022)
Total realized gain (loss) included in earnings		(173)
Net change in unrealized appreciation (depreciation) on investments	(13,151)
Change in unrealized gain (loss) included in earnings		(2,379)
Ending balance	440,865	367,313
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	(12,445)	(5,120)
First Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	344,126	289,957
Net accretion		685
Net accretion of interest	3,523
Purchases / PIK capitalization / originations / draws	13,788	19,892
Sales/Paydowns/Return of Capital	(26,766)	(13,204)
Restructurings	(1,174)
Net realized gain (loss) on investments	(1,834)
Total realized gain (loss) included in earnings		(98)
Net change in unrealized appreciation (depreciation) on investments	(10,538)
Change in unrealized gain (loss) included in earnings		(2,853)
Ending balance	321,125	294,379
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	(9,514)	(5,560)
Second Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	42,183	28,996
Net accretion		13
Net accretion of interest	195
Purchases / PIK capitalization / originations / draws	636	290
Sales/Paydowns/Return of Capital	(1,405)
Net realized gain (loss) on investments	(615)
Total realized gain (loss) included in earnings		(46)
Net change in unrealized appreciation (depreciation) on investments	(2,499)
Change in unrealized gain (loss) included in earnings		(529)
Ending balance	38,495	28,724
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	(2,732)	(529)
Subordinated Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	25,339	1,740
Net accretion		1
Net accretion of interest	430
Purchases / PIK capitalization / originations / draws	57
Sales/Paydowns/Return of Capital		(26)
Net change in unrealized appreciation (depreciation) on investments	(1,360)
Change in unrealized gain (loss) included in earnings		25
Ending balance	24,466	1,740
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	(1,360)	(9)
Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	39,193	24,762
Purchases / PIK capitalization / originations / draws	1,680	179
Sales/Paydowns/Return of Capital	(37)	(169)
Restructurings	1,760
Net realized gain (loss) on investments	427
Total realized gain (loss) included in earnings		169
Net change in unrealized appreciation (depreciation) on investments	2,927
Change in unrealized gain (loss) included in earnings		1,277
Ending balance	45,950	26,218
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	2,842	1,277
Collateralized Loan Obligations
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	1,789	5,193
Net accretion		78
Sales/Paydowns/Return of Capital		(1,397)
Total realized gain (loss) included in earnings		(198)
Net change in unrealized appreciation (depreciation) on investments	(99)
Change in unrealized gain (loss) included in earnings		963
Ending balance	1,690	4,639
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	(99)	963
Joint Ventures
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	10,655	13,015
Sales/Paydowns/Return of Capital	(114)	(360)
Net change in unrealized appreciation (depreciation) on investments	(1,597)
Change in unrealized gain (loss) included in earnings		(1,274)
Ending balance	8,944	11,381
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	(1,597)	(1,274)
Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	180	220
Net change in unrealized appreciation (depreciation) on investments	15
Change in unrealized gain (loss) included in earnings		12
Ending balance	195	232
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	$ 15	$ 12

Borrowings - Additional Information (Details) - USD ($)															3 Months Ended		12 Months Ended
Borrowings - Additional Information (Details) - USD ($)	Mar. 31, 2026	Mar. 27, 2026	Mar. 20, 2026	Mar. 09, 2026	Nov. 13, 2025	Oct. 14, 2025	Oct. 10, 2025	Jul. 15, 2025	Jul. 23, 2024	Apr. 29, 2022	Apr. 28, 2022	Apr. 01, 2022	Jun. 23, 2021	Apr. 30, 2021	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Oct. 07, 2025	Mar. 28, 2024	Jun. 30, 2022	Oct. 29, 2021	Jun. 30, 2021	Dec. 18, 2019
Debt Instrument [Line Items]
Weighted average stated interest rate on debt outstanding	6.70%														6.70%		6.90%
Weighted average maturity on debt outstanding															2 years 8 months 12 days		2 years 8 months 12 days
Deferred financing costs															$ 463,000	$ 309,000
Outstanding principal amount	$ 336,403,000														336,403,000		$ 306,881,000
Principal amount of borrowings	79,309,000														$ 79,309,000		106,804,000
1-month Term SOFR
Debt Instrument [Line Items]
Interest rate description															1-month Term SOFR plus
GLPRF LLC
Debt Instrument [Line Items]
Effective interest										2.80%	2.85%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]										us-gaap:SecuredOvernightFinancingRateSofrMember	us-gaap:SecuredOvernightFinancingRateSofrMember
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility
Debt Instrument [Line Items]
Deferred financing costs															$ 125,000	124,000
Outstanding principal amount	79,309,000														79,309,000		106,804,000
Unamortized debt offering costs	700,000														700,000		825,000
Percentage of minimum commitments utilization requirement									70.00%
Percentage of average daily unborrowed portion of financing commitments									0.55%
Initial principal amount																							$ 115,000,000
Maximum borrowing capacity									$ 200,000,000											$ 215,000,000
Principal amount of borrowings	80,000,000														80,000,000		107,600,000
Collateral pledge, fair value	164,500														$ 164,500		218,800
Line of Credit Facility, Maximum Borrowing Capacity									$ 200,000,000											$ 215,000,000
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| GLPRF LLC
Debt Instrument [Line Items]
Effective interest									2.50%
Decrease in aggregate financing commitment				$ (125,000,000)
Committed seven-day bridge advance in aggregate principal amount subject to satisfaction of certain conditions									$ 18,300,000
Maturity date									Aug. 29, 2027
Debt instrument amended agreement, description															On July 23, 2024, GLPRF LLC amended the Revolving Credit Facility with JPM as administrative agent. The amended agreement, among other things, (i) provided for a committed increase to the aggregate principal amount of the Revolving Credit Facility in an amount not to exceed $85.0 million, for a total commitment of $200.0 million, which increase became effective on August 20, 2024, (ii) provided for a committed seven-day bridge advance in an aggregate principal amount of $18.3 million, which advance became effective on August 20, 2024, (iii) reduced the applicable margin on the Revolving Credit Facility to 2.50% per annum, (iv) extended the period in which the Company may request advances under the Revolving Credit Facility to August 29, 2026, (v) extended the stated maturity of the Revolving Credit Facility to August 29, 2027, (vi) reduced the requirement to utilize a minimum of commitments under the Revolving Credit Facility to 70%, (vii) reduced the non-usage fee applicable during the reinvestment period to 0.55% per annum on the average daily unborrowed portion of the financing commitments in excess of the minimum utilization amount, (viii) extended the non-call period under the Revolving Credit Facility to April 29, 2025, and (ix) provided for certain fees to be paid to the administrative agent and the lenders in connection therewith.
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| GLPRF LLC \| Non-call Period
Debt Instrument [Line Items]
Maturity date									Apr. 29, 2025
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| GLPRF LLC \| Maximum
Debt Instrument [Line Items]
Committed increase to aggregate principal amount not to exceed subject to satisfaction of certain conditions									$ 85,000,000
Committed increase to aggregate principal amount not to exceed subject to satisfaction of certian conditions									$ 85,000,000
KeyBank Credit Facility
Debt Instrument [Line Items]
Deferred financing costs															$ 61,000
Outstanding principal amount	49,391,000														49,391,000		41,765,000
Outstanding borrowings	50,200,000														50,200,000		42,700,000
Unamortized debt offering costs	843,000														843,000		904,000
Additional maximum borrowing capacity								$ 125,000,000
Unamortized deferred financing costs	843,000							$ 1,000,000							843,000		904,000
Principal amount of borrowings	49,391,000														$ 49,391,000		41,765,000
Maturity date															Aug. 21, 2027
Commitment fee description															CBL will also pay an unused commitment fee at a rate of (1) 0.75% if utilization is less than or equal to 50.0%, (2) 0.50% if utilization is greater than 50.0% but less than or equal to 75.0%, or (3) 0.25% if utilization is greater than 75.0%, per annum on the unutilized portion of the aggregate commitments under the KeyBank Credit Facility.
Unused commitment fee percentage if utilization is less than or equal to 50.0%								0.75%
Unused commitment fee percentage if utilization is greater than 50.0% but less than or equal to 75.0%								0.50%
Unused commitment fee percentage if utilization is greater than 75.0%								0.25%
Collateral pledge, fair value	114,600,000														$ 114,600,000		104,800,000
KeyBank Credit Facility \| 1-month Term SOFR
Debt Instrument [Line Items]
Interest rate of facility								2.80%
KeyBank Credit Facility \| Interest Rate Thereafter
Debt Instrument [Line Items]
Interest rate of facility								3.20%
KeyBank Credit Facility \| One M Term S O F R Floor
Debt Instrument [Line Items]
Interest rate of facility								0.40%
Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage															100.00%
Secured Debt \| KeyBank Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 75,000,000
Line of Credit Facility, Maximum Borrowing Capacity								$ 75,000,000
7.50% notes due 2028
Debt Instrument [Line Items]
Aggregate principal amount							$ 35,000,000
Amortization of original issue discount															$ 40,000
Deferred financing costs															$ 29,000
Interest rate			7.50%				7.50%
Percentage of interest rate adjustment events															0.75%
Share price percent							98.50%
Debt instrument redemption description															The 2028 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to July 15, 2028 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the 2028 Notes Indenture and at par value on July 15, 2028 or thereafter.
Proceeds from offering of notes							$ 34,100,000
Stated Maturity															Oct. 15, 2028
Debt instrument, redemption price, percentage															100.00%
Maturity															Oct. 15, 2028
7.50% Notes Due 2029
Debt Instrument [Line Items]
Aggregate principal amount			$ 50,000,000
Deferred financing costs	$ 4,000
Interest rate			7.50%
Share price percent							100.00%
Net proceeds of offering to repay aggregate principal amount			$ 40,000,000
Debt instrument redemption description															The 2029 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to April 24, 2029 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the 2029 Notes Indenture and at par value on April 24, 2029 or thereafter.
Stated Maturity															Sep. 24, 2029
Maturity															Sep. 24, 2029
5.25% Notes due 2026
Debt Instrument [Line Items]
Aggregate principal amount		$ 40,000,000
Interest rate		5.25%
Debt instrument redemption description		redemption was executed on April 27, 2026
4.875% Notes due 2026
Debt Instrument [Line Items]
Debt instrument, issuance date															Apr. 30, 2021
Aggregate principal amount						$ 108,000,000
Amortization of original issue discount																130,000
Deferred financing costs																55,000
Interest rate						4.875%																4.875%
Debt instrument redemption description						redemption occurred on November 13, 2025
Debt discount													$ 2,400,000
Debt offering costs													1,200,000
Gain (Loss) on Extinguishment of Debt					$ (400,000)
4.875% Notes due 2026 \| Unsecured Debt
Debt Instrument [Line Items]
Interest rate														4.875%
Stated Maturity															Apr. 30, 2026
Debt instrument, frequency of periodic payment															semi-annually
Maturity															Apr. 30, 2026
4.875% Notes due 2026 \| Private Placement
Debt Instrument [Line Items]
Interest rate														4.875%
4.875% Notes due 2026 \| Private Placement \| Unsecured Debt
Debt Instrument [Line Items]
Aggregate principal amount													$ 28,000,000	$ 80,000,000
Interest rate													4.875%	4.875%
Proceeds from offering of notes													$ 27,400,000
Proceeds from offering of notes														$ 77,700,000
6.125% Notes Due 2022
Debt Instrument [Line Items]
Interest rate	6.125%													6.125%	6.125%
2026 Notes
Debt Instrument [Line Items]
Outstanding principal amount	$ 49,783,000														$ 49,783,000		49,688,000
Interest rate								5.25%										5.25%	6.00%
Proceeds from offering of notes								$ 48,800,000
Unamortized deferred financing costs	217,000														217,000		312,000
2026 Notes \| LRFC Acquisition
Debt Instrument [Line Items]
Aggregate principal amount																					$ 50,000,000
Interest rate								5.25%
Debt discount								$ 300,000
Unamortized debt offering costs								200,000
2032 Convertible Notes
Debt Instrument [Line Items]
Amortization of original issue discount															3,000
Outstanding principal amount	1,901,000							$ 2,500,000							1,901,000		1,898,000
Interest rate								6.00%										5.25%	5.25%
Additional interest rate								2.00%
Quarterly conversion cap amount								$ 7,500,000
Debt instrument, redemption price, percentage								100.00%
Unamortized deferred financing costs	$ 99,000														99,000		$ 102,000
2032 Convertible Notes \| Purchase Agreement
Debt Instrument [Line Items]
Maximum number of shares issuable								539,503
2032 Convertible Notes \| LRFC Acquisition
Debt Instrument [Line Items]
Aggregate principal amount												$ 15,000,000
Amortization of original issue discount												100,000
Deferred financing costs												$ 20,000.00
Interest rate												5.25%
2030 Notes
Debt Instrument [Line Items]
Aggregate principal amount							$ 75,000,000
Amortization of original issue discount															71,000
Deferred financing costs															$ 34,000
Interest rate							7.75%
Percentage of interest rate adjustment events							0.75%
Share price percent							97.75%
Debt instrument redemption description															The 2030 Notes may be redeemed in whole or in part at the Company’s option at any time or from time to time prior to April 15, 2030 at par value plus a “make-whole” premium calculated in accordance with the terms under “optional redemption” in the Indenture and at par value on April 15, 2030 or thereafter.
Proceeds from offering of notes															$ 50,000,000	$ 0
Proceeds from offering of notes							$ 72,500,000
Stated Maturity															Oct. 15, 2030
Debt instrument, redemption price, percentage							100.00%
Maturity															Oct. 15, 2030

LRFC Acquisition - Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 15, 2025	Mar. 31, 2026	Dec. 31, 2025
Business Combination [Line Items]
Common stock issued by the Company (net of offering costs of $404)		$ 124	$ 125
LRFC Acquisition
Business Combination [Line Items]
Common stock issued by the Company (net of offering costs of $404)	$ 49,596
Cash paid for fractional shares	0
Transaction costs	3,192
Total purchase consideration	52,788
Assets acquired:
Investments, at fair value	174,274
Cash and cash equivalents	7,085
Interest receivable	1,601
Other assets	1,644
Total assets acquired	184,604
Liabilities assumed:
Debt	103,181
Other liabilities	7,754
Total liabilities assumed	110,935
Net assets acquired	73,669
Total purchase discount	$ (20,881)

Consolidated Schedule of Investments (Parenthetical) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Dec. 31, 2024

Schedule of Investments [Line Items]

Percentage of debt securities contains floor rates

92.80%

89.50%

Aggregate cost of investments

$ 556,390

^{[1],[2],[3],[4],[5],[6]}

$ 565,839

^{[7],[8],[9],[10],[11],[12]}

Aggregate gross unrealized appreciation

66,700

65,500

Aggregate gross unrealized depreciation

163,300

147,200

Net unrealized depreciation

$ 96,600

$ 81,800

Percentage of qualifying assets to total assets

90.70%

89.70%

Percentage of non-qualifying assets to total assets

9.30%

10.30%

6 Month SOFR

Schedule of Investments [Line Items]

SOFR rate

3.70%

3.57%

3 Month SOFR

Schedule of Investments [Line Items]

SOFR rate

3.68%

3.65%

1 Month SOFR

Schedule of Investments [Line Items]

SOFR rate

3.66%

3.69%

Revolving Credit Facilities

Schedule of Investments [Line Items]

Fair value of assets pledged as collateral

$ 164,500

$ 218,800

KeyBank Credit Facility

Schedule of Investments [Line Items]

Fair value of assets pledged as collateral

$ 114,600

$ 104,800

Minimum

Schedule of Investments [Line Items]

Percentage of qualifying assets to total assets

70.00%

Garrison Capital Equity Holdings II LLC

Schedule of Investments [Line Items]

Non controlling member interest rate

17.50%

ATP Oil & Gas Corporation

Schedule of Investments [Line Items]

Royalty interest

5.00%

Investments For Federal Income Tax Purpose

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 573,500

$ 582,700

Controlled Affiliated Investments | Minimum

Schedule of Investments [Line Items]

Percentage of outstanding voting securities owned

25.00%

Non-controlled Affiliated Investments | Minimum

Schedule of Investments [Line Items]

Percentage of outstanding voting securities owned

5.00%

Investment, Identifier [Axis]: Debt Securities | Maximum

Schedule of Investments [Line Items]

Floor rate

5.25%

Investment, Identifier [Axis]: Debt Securities | Minimum

Schedule of Investments [Line Items]

Floor rate

0.50%

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Collateralized Loan Obligations JMP Credit Advisors CLO IV LTD CLO Fund Securities Maturity 07/17/29

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 230

^{[1],[2],[3],[4],[5],[6],[13],[14],[15],[16]}

$ 230

^{[7],[8],[9],[10],[11],[12],[17],[18],[19],[20]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Collateralized Loan Obligations JMP Credit Advisors CLO V LTD CLO Fund Securities Maturity 07/17/30

Schedule of Investments [Line Items]

Aggregate cost of investments

1,039

^{[1],[2],[3],[4],[5],[6],[13],[14],[15],[16]}

1,039

^{[7],[8],[9],[10],[11],[12],[17],[18],[19],[20]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Burgaflex Holdings, LLC - Class A Automobile Components

Schedule of Investments [Line Items]

Aggregate cost of investments

2,656

^{[1],[2],[3],[4],[5],[6],[21]}

2,656

^{[7],[8],[9],[10],[11],[12],[20],[22]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Burgaflex Holdings, LLC - Class B Automobile Components

Schedule of Investments [Line Items]

Aggregate cost of investments

1,883

^{[1],[2],[3],[4],[5],[6],[21]}

1,883

^{[7],[8],[9],[10],[11],[12],[20],[22]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Datalink, LLC Health Care Technology

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

2,151

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units GreenPark Infrastructure, LLC - Series M-1 Commercial Services & Supplies

Schedule of Investments [Line Items]

Aggregate cost of investments

2,969

^{[1],[2],[3],[4],[5],[6],[21],[23]}

2,969

^{[7],[8],[9],[10],[11],[12],[20],[22],[24]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Kleen-Tech Acquisition, LLC Commercial Services & Supplies

Schedule of Investments [Line Items]

Aggregate cost of investments

1,264

^{[1],[2],[3],[4],[5],[6],[25]}

1,264

^{[7],[8],[9],[10],[11],[12],[20],[26]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Phoenix Aviation Capital, LLC Aerospace & Defense

Schedule of Investments [Line Items]

Aggregate cost of investments

387

^{[1],[2],[3],[4],[5],[6],[23]}

387

^{[7],[8],[9],[10],[11],[12],[20],[24]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Sierra Hamilton Holdings Corporation Energy Equipment & Services

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 394

^{[1],[2],[3],[4],[5],[6],[21]}

$ 394

^{[7],[8],[9],[10],[11],[12],[20],[22]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[16],[27]}

7.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[16],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16]}

$ 7,093

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt American Clinical Solutions, LLC Health Care Providers & Services Interest Rate 10.82% Reference Rate and Spread SOFR + 7.00%, 3.82% PIK Floor 1.00% Maturity 06/30/26

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[20],[28]}

7.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[20],[28]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[20]}

$ 6,171

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC Health Care Technology Interest Rate 10.00%PIK Maturity 02/05/33

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[29]}

$ 2,552

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[30]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[30]}

$ 28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[29],[30]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[29],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[29],[30]}

$ 2,710

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 09/30/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[31]}

$ 4,201

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 12/31/25

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[20],[32]}

$ 4,018

Schedule of Investments [Line Items]

SOFR rate

8.50%

^{[1],[2],[3],[4],[5],[6],[16],[27],[30],[33]}

8.50%

^{[7],[8],[9],[10],[11],[12],[20],[28],[34],[35]}

Floor rate

2.00%

^{[1],[2],[3],[4],[5],[6],[16],[27],[30],[33]}

2.00%

^{[7],[8],[9],[10],[11],[12],[20],[28],[34],[35]}

Aggregate cost of investments

$ (2)

^{[1],[2],[3],[4],[5],[6],[16],[30],[33]}

$ (3)

^{[7],[8],[9],[10],[11],[12],[20],[34],[35]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[29],[30]}

8.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[29],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[29],[30]}

$ 1,975

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt PMP OPCO, LLC (Princeton Medspa Partners, LLC) Diversified Consumer Services Interest Rate 12.59% Reference Rate and Spread SOFR + 8.50% Floor 2.00% Maturity 05/31/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[20],[28],[34],[36]}

8.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[20],[28],[34],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[20],[34],[36]}

$ 1,977

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[16],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[29]}

$ 8,782

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[20],[28],[36]}

6.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[20],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[20],[36]}

$ 8,873

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Joint Ventures Series B-Great Lakes Funding II LLC Joint Venture

Schedule of Investments [Line Items]

Aggregate cost of investments

39,862

^{[1],[2],[3],[4],[5],[6],[15],[16],[30],[37]}

39,862

^{[7],[8],[9],[10],[11],[12],[19],[20],[34],[38]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units EBSC Holdings LLC (Riddell, Inc.) Leisure Products Interest Rate 10.00% PIK

Schedule of Investments [Line Items]

Aggregate cost of investments

3,635

^{[1],[2],[3],[4],[5],[6],[16],[39]}

3,546

^{[7],[8],[9],[10],[11],[12],[20],[22],[40]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units GreenPark Infrastructure, LLC - Series A Commercial Services & Supplies

Schedule of Investments [Line Items]

Aggregate cost of investments

676

^{[1],[2],[3],[4],[5],[6],[16],[21],[23]}

676

^{[7],[8],[9],[10],[11],[12],[20],[24]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units HR Pharmaceuticals, LLC Health Care Equipment & Supplies Interest Rate 14.00% PIK

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[23],[39]}

500

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Northeast Metal Works LLC - Class O Preferred Metals & Mining

Schedule of Investments [Line Items]

Aggregate cost of investments

5,445

^{[1],[2],[3],[4],[5],[6],[16],[25]}

5,445

^{[7],[8],[9],[10],[11],[12],[20]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Phoenix Aviation Capital, LLC Aerospace & Defense

Schedule of Investments [Line Items]

Aggregate cost of investments

1,109

^{[1],[2],[3],[4],[5],[6],[23],[39]}

1,086

^{[7],[8],[9],[10],[11],[12],[20],[24],[40]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Princeton Medspa Partners, LLC Diversified Consumer Services Interest Rate 12.50% PIK

Schedule of Investments [Line Items]

Aggregate cost of investments

1,240

^{[1],[2],[3],[4],[5],[6],[23],[39]}

1,203

^{[7],[8],[9],[10],[11],[12],[20],[24],[40]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Westshore RAM, LLC - Class A Financial Services

Schedule of Investments [Line Items]

Aggregate cost of investments

1,278

^{[1],[2],[3],[4],[5],[6],[39]}

1,278

^{[7],[8],[9],[10],[11],[12],[20],[40]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 09/30/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16],[31]}

341

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 12/31/25

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[20],[32]}

340

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 01/01/25

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[20]}

500

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 04/05/28

Schedule of Investments [Line Items]

Aggregate cost of investments

500

^{[1],[2],[3],[4],[5],[6],[16]}

4,500

^{[7],[8],[9],[10],[11],[12],[20]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 04/05/28 One

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[16]}

4,500

Investment, Identifier [Axis]: Investments in Controlled Affiliated Portfolio Companies Asset Manager Affiliates Asset Management Company Asset Management Company

Schedule of Investments [Line Items]

Aggregate cost of investments

17,791

^{[1],[2],[3],[4],[5],[6],[15]}

17,791

^{[7],[8],[9],[10],[11],[12],[19],[41]}

Investment, Identifier [Axis]: Investments in Controlled Affiliated Portfolio Companies Joint Ventures KCAP Freedom 3 LLC Joint Venture

Schedule of Investments [Line Items]

Aggregate cost of investments

24,427

^{[1],[2],[3],[4],[5],[6],[15]}

24,541

^{[7],[8],[9],[10],[11],[12],[19],[41]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Catamaran CLO 2018-1 Ltd CLO Fund Securities Maturity 10/27/31

Schedule of Investments [Line Items]

Aggregate cost of investments

112

^{[1],[2],[3],[4],[5],[6],[13],[14],[15]}

112

^{[7],[8],[9],[10],[11],[12],[17],[18],[19]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units AAPC Holdings, LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Aggregate cost of investments

264

^{[1],[2],[3],[4],[5],[6],[21],[23]}

264

^{[7],[8],[9],[10],[11],[12],[22],[24]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units AIP Capital, LLC Financial Services

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[23]}

^{[7],[8],[9],[10],[11],[12],[24]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Advantage Capital Holdings LLC - Class A Units Financial Services

Schedule of Investments [Line Items]

Aggregate cost of investments

500

^{[1],[2],[3],[4],[5],[6],[23]}

500

^{[7],[8],[9],[10],[11],[12],[24]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Class A Warrant Media

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units BGPT Maverick, L.P. (Metrc Inc.) Communications Equipment

Schedule of Investments [Line Items]

Aggregate cost of investments

1,020

^{[1],[2],[3],[4],[5],[6]}

1,020

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units BLST Operating Company, LLC - Class A Broadline Retail

Schedule of Investments [Line Items]

Aggregate cost of investments

555

^{[1],[2],[3],[4],[5],[6],[21]}

555

^{[7],[8],[9],[10],[11],[12],[22]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Carestream Health Holdings, Inc. Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Centric Brands, L.P. Textiles, Apparel & Luxury Goods

Schedule of Investments [Line Items]

Aggregate cost of investments

746

^{[1],[2],[3],[4],[5],[6]}

746

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units DxTx Pain and Spine LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Aggregate cost of investments

381

^{[1],[2],[3],[4],[5],[6],[23]}

381

^{[7],[8],[9],[10],[11],[12],[22],[24]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Everyware Global, Inc. Household Products

Schedule of Investments [Line Items]

Aggregate cost of investments

346

^{[1],[2],[3],[4],[5],[6],[42]}

346

^{[7],[8],[9],[10],[11],[12],[43]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units FP WRCA Coinvestment Fund VII, Ltd. - Class A Building Products

Schedule of Investments [Line Items]

Aggregate cost of investments

1,500

^{[1],[2],[3],[4],[5],[6],[14],[15]}

1,500

^{[7],[8],[9],[10],[11],[12],[18],[19]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Freedom Electronics, LLC Electronic Equipment, Instruments & Components

Schedule of Investments [Line Items]

Aggregate cost of investments

195

^{[1],[2],[3],[4],[5],[6],[21]}

195

^{[7],[8],[9],[10],[11],[12],[22]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Fusion Connect, Inc. Wireless Telecommunication Services

Schedule of Investments [Line Items]

Aggregate cost of investments

866

^{[1],[2],[3],[4],[5],[6]}

866

^{[7],[8],[9],[10],[11],[12],[36]}

Schedule of Investments [Line Items]

Aggregate cost of investments

1,550

^{[1],[2],[3],[4],[5],[6]}

1,550

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units LB NewHoldCo LLC Hotels, Restaurants & Leisure

Schedule of Investments [Line Items]

Aggregate cost of investments

1,724

^{[1],[2],[3],[4],[5],[6],[29]}

1,724

^{[7],[8],[9],[10],[11],[12],[36]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Middle West Spirits, LLC Beverages

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Morae Global Holdings Inc. - Warrant IT Services

Schedule of Investments [Line Items]

Aggregate cost of investments

376

^{[1],[2],[3],[4],[5],[6]}

376

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Roscoe Investors, LLC - Class A Health Care Equipment & Supplies

Schedule of Investments [Line Items]

Aggregate cost of investments

1,000

^{[1],[2],[3],[4],[5],[6]}

1,000

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units South Street Securities Holdings, Inc – Warrant Financial Services

Schedule of Investments [Line Items]

Aggregate cost of investments

514

^{[1],[2],[3],[4],[5],[6]}

514

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Swift Aggregator LLC (formerly GA Communications, Inc.) Media

Schedule of Investments [Line Items]

Aggregate cost of investments

1,250

^{[1],[2],[3],[4],[5],[6]}

1,251

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units VTX Holdings LLC - Series C IT Services

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Workplace Holdings LLC (Pomeroy Technologies, LLC) Software

Schedule of Investments [Line Items]

Aggregate cost of investments

228

^{[1],[2],[3],[4],[5],[6]}

228

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives HDNet Holdco LLC (Anthem) Media

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 31

^{[1],[2],[3],[4],[5],[6],[15]}

$ 31

^{[7],[8],[9],[10],[11],[12],[19]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

10.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

3.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 55

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

10.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

3.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 6,894

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 9,991

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (55)

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

5.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[35]}

$ (57)

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

6.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[35]}

$ (31)

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 5,728

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

8.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 13,309

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34]}

8.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34]}

$ 367

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

8.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36]}

$ 4,519

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

8.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,548

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

4.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,730

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

5.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 5,379

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

4.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[35]}

$ (6)

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

4.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (5)

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

4.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 4,193

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

7.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36]}

$ 6,688

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

6.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (11)

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,920

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,389

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

4.15%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 1,051

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 4,825

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 8,046

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 15,298

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

9.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

3.25%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 6,879

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

10.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,702

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

9.46%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 1,412

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

9.46%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 4,379

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

9,510

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan C) Media Maturity 11/15/27

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[31]}

$ 935

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

4.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,753

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

5.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (35)

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 12,218

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

5.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (9)

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 919

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CB MIDCO, LLC Diversified Consumer Services Maturity 09/28/27

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[31]}

$ 3,798

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

4.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (4)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) Health Care Providers & Services Interest Rate 8.42% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

4.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,085

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,424

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

9.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 4,036

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,689

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC (Revolver) Software Maturity 09/30/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[31]}

685

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC Software Maturity 09/30/2026

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[31]}

$ 7,650

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 4,403

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35],[44]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35],[44]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[35],[44]}

$ (4)

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dentive, LLC (Revolver) Health Care Providers & Services Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25%, 4.25% PIK Floor 0.75% Maturity 12/22/28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (3)

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 4,464

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

4.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 805

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC (Second Out) Professional Services Interest Rate 8.75% Reference Rate and Spread SOFR + 4.75% Floor 0.50% Maturity 02/28/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

4.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 805

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 646

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC Professional Services Interest Rate 10.25% Reference Rate and Spread SOFR + 6.25% Floor 0.50% Maturity 01/31/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

6.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 647

Schedule of Investments [Line Items]

SOFR rate

6.00%

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

Floor rate

0.50%

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

Aggregate cost of investments

$ 3,995

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,958

^{[7],[8],[9],[10],[11],[12],[36],[44]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 1,985

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan A Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

5.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 1,984

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan B Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 1,242

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan B Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

5.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 1,241

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan C Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 704

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan C Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

5.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 704

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,514

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt GP Midco, LLC (Beauty by Imagination) Personal Care Products Interest Rate 8.90% Reference Rate and Spread SOFR + 5.00% Maturity 11/01/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

5.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 3,511

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

9.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 47

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. (Revolver) Household Products Interest Rate 12.72% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Maturity 12/31/26

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[44]}

9.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[44]}

$ 46

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

9.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 5,829

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. Household Products Interest Rate 12.99% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Maturity 12/31/26

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[44]}

9.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[44]}

$ 5,717

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[44]}

3.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[44]}

5.25%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[44]}

$ 6,170

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

3.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

5.25%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 6,420

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan B Software Maturity 06/21/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[32],[44]}

$ 764

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan B Software Maturity 06/22/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[31]}

$ 764

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 1,407

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Help Systems Holdings, Inc. Technology Hardware, Storage & Peripherals Interest Rate 9.97% Reference Rate and Spread SOFR + 6.00% Floor 2.00% Maturity 05/19/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

6.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 1,407

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

6.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 6,549

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt IDC Infusion Services LLC Health Care Providers & Services Interest Rate 8.70% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/09/29

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 6,556

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 695

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

4.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 903

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 8.64% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 06/01/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

4.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 899

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

5.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 696

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

6.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 1,650

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC (Revolver) Diversified Consumer Services Interest Rate 10.75% Reference Rate and Spread SOFR + 6.75% Floor 1.00% Maturity 10/06/26

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[44]}

6.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[44]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[44]}

$ 1,639

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 18,781

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC Diversified Consumer Services Interest Rate 10.73% Reference Rate and Spread SOFR + 6.75%, 0.50% PIK Floor 1.00% Maturity 10/06/26

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

6.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 18,382

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Live Comfortably Inc. Household Durables Interest Rate 6.83% Reference Rate and Spread SOFR + 3.00% Floor 2.00% Maturity 09/20/27

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

3.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 6,083

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

5.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36],[44]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36],[44]}

$ 3,464

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MAG DS Corp. Aerospace & Defense Interest Rate 9.30% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 04/01/27

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,477

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MSM Acquisitions, Inc. Software Interest Rate 9.67% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 12/09/26

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 9,970

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36],[44]}

5.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36],[44]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36],[44]}

$ 2,233

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

5.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 2,235

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Money Transfer Acquisition Inc. Financial Services Interest Rate 12.02% Reference Rate and Spread SOFR + 8.25% Floor 1.00% Maturity 12/14/27

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

8.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 13,205

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Revolver) IT Services Interest Rate 11.81% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30]}

8.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30]}

$ 382

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Term Loan A) IT Services Interest Rate 11.82% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

8.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 4,532

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Term Loan B) IT Services Interest Rate 11.81% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

8.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,551

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Netwrix Corporation Software Interest Rate 8.17% Reference Rate and Spread SOFR + 4.50% Floor 0.75% Maturity 06/11/29

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

4.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 4,184

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Newbury Franklin Industrials, LLC Trading Companies & Distributors Interest Rate 10.62% Reference Rate and Spread SOFR + 7.00% Floor 2.00% Maturity 12/11/29

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

7.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 5,770

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 6,854

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt One Stop Mailing LLC Ground Transportation Interest Rate 10.08% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 04/29/27

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 7,319

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

5.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,088

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Orthopaedic (ITC) Buyer, LLC Health Care Providers & Services Interest Rate 8.70% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/31/28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,099

Schedule of Investments [Line Items]

SOFR rate

4.75%

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

4.75%

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

Floor rate

0.75%

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

0.75%

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

Aggregate cost of investments

$ (2)

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (2)

^{[7],[8],[9],[10],[11],[12],[34],[35]}

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

4.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,610

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PMA Parent Holdings LLC Capital Markets Interest Rate 8.45% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 01/31/31

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

4.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,616

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

9.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,944

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PVHC Holding Corp Containers & Packaging Interest Rate 7.82% Reference Rate and Spread SOFR + 4.00% Floor 2.50% Maturity 02/17/27

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

4.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

2.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,724

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 1,755

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PhyNet Dermatology LLC Health Care Providers & Services Interest Rate 10.38% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/20/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 1,727

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 1,474

^{[1],[2],[3],[4],[5],[6]}

$ 1,452

^{[7],[8],[9],[10],[11],[12]}

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 5,751

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Premier Imaging, LLC Health Care Equipment & Supplies Interest Rate 9.96% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 10/31/27

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,434

Schedule of Investments [Line Items]

SOFR rate

5.50%

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.50%

^{[7],[8],[9],[10],[11],[12],[28],[36]}

Floor rate

0.50%

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

^{[7],[8],[9],[10],[11],[12],[28],[36]}

Aggregate cost of investments

$ 3,390

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,380

^{[7],[8],[9],[10],[11],[12],[36]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,442

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 9.19% Reference Rate and Spread SOFR + 5.25% Floor 0.50% Maturity 07/20/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

5.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 5,437

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

5.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36]}

$ 2,166

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt RN Enterprises, LLC Health Care Technology Interest Rate 9.06% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/17/31

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

5.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 2,311

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 5,464

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Radius Aerospace, Inc. Aerospace & Defense Interest Rate 9.85% Reference Rate and Spread SOFR + 6.00%, 0.25% PIK Floor 1.00% Maturity 03/29/27

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,448

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27]}

8.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 324

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Red Range Intermediate Inc. Industrial Conglomerates Interest Rate 11.99% Reference Rate and Spread SOFR + 8.00% Floor 1.00% Maturity 10/01/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28]}

8.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12]}

$ 324

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28]}

6.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12]}

$ 3,535

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Resolute Investment Managers, Inc. Capital Markets Interest Rate 10.46% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/30/28

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,582

Schedule of Investments [Line Items]

Aggregate cost of investments

1,607

^{[1],[2],[3],[4],[5],[6],[29],[31]}

1,607

^{[7],[8],[9],[10],[11],[12],[32],[36]}

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 739

^{[1],[2],[3],[4],[5],[6],[29],[31]}

$ 739

^{[7],[8],[9],[10],[11],[12],[32],[36]}

Schedule of Investments [Line Items]

SOFR rate

7.25%

^{[1],[2],[3],[4],[5],[6],[27],[30]}

7.25%

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

Floor rate

1.00%

^{[1],[2],[3],[4],[5],[6],[27],[30]}

1.00%

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 1,545

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Shepherd Parent Holdings, LLC Health Care Providers & Services Interest Rate 11.18% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 07/10/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36]}

$ 1,615

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 3,376

^{[1],[2],[3],[4],[5],[6]}

$ 3,344

^{[7],[8],[9],[10],[11],[12]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

5.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

0.75%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 1,251

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spark Buyer, LLC Electrical Equipment Interest Rate 9.13% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/15/31

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

5.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36]}

$ 1,250

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30]}

7.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30]}

$ 79

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

7.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[35]}

$ (9)

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,004

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spinrite, Inc. Leisure Products Interest Rate 11.26% Reference Rate and Spread SOFR + 7.50% Maturity 12/05/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

7.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 3,002

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Sundance Holdings Group, LLC Specialty Retail Maturity 06/30/25

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 6,572

^{[1],[2],[3],[4],[5],[6],[31]}

$ 6,571

^{[7],[8],[9],[10],[11],[12],[32]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 3,664

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Synamedia Americas Holdings, Inc. Interactive Media & Services Interest Rate 9.92% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 12/05/28

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 9,672

Schedule of Investments [Line Items]

SOFR rate

6.25%

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

6.25%

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

Floor rate

1.00%

^{[1],[2],[3],[4],[5],[6],[27],[30],[33]}

1.00%

^{[7],[8],[9],[10],[11],[12],[28],[34],[35]}

Aggregate cost of investments

$ (1)

^{[1],[2],[3],[4],[5],[6],[30],[33]}

$ (1)

^{[7],[8],[9],[10],[11],[12],[34],[35]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

7.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29],[30]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[30]}

$ 4,034

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Tactical Air Support, Inc. Aerospace & Defense Interest Rate 11.52% Reference Rate and Spread SOFR + 7.50% Floor 1.00% Maturity 12/22/28

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

7.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[34],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[34],[36]}

$ 4,067

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[15],[27],[29],[30]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[15],[27],[29],[30]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[15],[29],[30]}

$ 545

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited (Revolver) Electronic Equipment, Instruments & Components Interest Rate 11.03% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[19],[28],[34],[36]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[19],[28],[34],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[19],[34],[36]}

$ 543

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[19],[28],[36]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[19],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[19],[36]}

$ 2,026

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited Electronic Equipment, Instruments & Components Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[15],[27],[29]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[15],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[15],[29]}

$ 2,029

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 1,611

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas USA Holdings Inc. Electronic Equipment, Instruments & Components Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 1,613

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[30]}

6.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[30]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[30]}

$ 604

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver) Health Care Providers & Services Interest Rate 10.46% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/28

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28]}

6.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12]}

$ 869

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 9,759

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) Health Care Providers & Services Interest Rate 10.49% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/28

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 6,333

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

8.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

2.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 9,782

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VTX Intermediate Holdings, Inc. IT Services Interest Rate 11.98% Reference Rate and Spread SOFR + 8.00%, 1.00% PIK Floor 2.00% Maturity 12/12/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

8.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

2.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 9,729

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 1,737

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

5.25%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 1,735

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units 4L Ultimate Topco Corporation Commercial Services & Supplies

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units AAPC Holdings, LLC Health Care Providers & Services

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[21],[23]}

166

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units AAPC Holdings, LLC Health Care Providers & Services Interest Rate 18.00% PIK

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[22],[24],[40]}

166

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Aperture Dodge 18 LLC Financial Services

Schedule of Investments [Line Items]

Aggregate cost of investments

4,578

^{[1],[2],[3],[4],[5],[6]}

4,566

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units BMP Slappey Holdco, LLC Diversified Telecommunication Services

Schedule of Investments [Line Items]

Aggregate cost of investments

467

^{[1],[2],[3],[4],[5],[6],[25]}

467

^{[7],[8],[9],[10],[11],[12],[26]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units BMP Slappey Investment II Diversified Telecommunication Services

Schedule of Investments [Line Items]

Aggregate cost of investments

208

^{[1],[2],[3],[4],[5],[6],[25]}

208

^{[7],[8],[9],[10],[11],[12],[26]}

Schedule of Investments [Line Items]

Aggregate cost of investments

1,192

^{[1],[2],[3],[4],[5],[6],[23]}

1,186

^{[7],[8],[9],[10],[11],[12],[24]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Middle West Spirits, LLC Beverages Interest Rate 10.00% PIK

Schedule of Investments [Line Items]

Aggregate cost of investments

908

^{[1],[2],[3],[4],[5],[6],[39]}

885

^{[7],[8],[9],[10],[11],[12],[40]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Prosper Marketplace Household Products

Schedule of Investments [Line Items]

Aggregate cost of investments

279

^{[1],[2],[3],[4],[5],[6],[45]}

279

^{[7],[8],[9],[10],[11],[12],[46]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Taylor Precision Products, Inc. - Series C Household Products

Schedule of Investments [Line Items]

Aggregate cost of investments

667

^{[1],[2],[3],[4],[5],[6]}

667

^{[7],[8],[9],[10],[11],[12]}

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[23],[39]}

990

Schedule of Investments [Line Items]

Aggregate cost of investments

13,268

^{[1],[2],[3],[4],[5],[6]}

12,742

^{[7],[8],[9],[10],[11],[12]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt BLST Operating Company, LLC Broadline Retail Maturity 01/31/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[32],[36]}

$ 1,134

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt BLST Operating Company, LLC Broadline Retail Maturity 05/06/26

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29],[31]}

$ 1,132

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

6.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 4,260

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Confluence Technologies, Inc. Software Interest Rate 10.50% Reference Rate and Spread SOFR + 6.50%, 6.50% PIK Floor 0.50% Maturity 07/30/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 4,187

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 5,396

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Dcert Buyer, Inc. Software Interest Rate 10.72% Reference Rate and Spread SOFR + 7.00% Maturity 02/16/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

7.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 5,395

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,428

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan A Food Products Interest Rate 9.05% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

5.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,373

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan B Food Products Interest Rate 8.65% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

5.00%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 2,164

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan B Food Products Interest Rate 9.05% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

5.00%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,115

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

6.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 2,016

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.25%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 7,785

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 11.40% Reference Rate and Spread SOFR + 7.25% Floor 0.50% Maturity 06/01/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

7.25%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 7,729

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

7.75%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

0.50%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 4,945

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 11.59% Reference Rate and Spread SOFR + 7.75% Floor 0.50% Maturity 07/20/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

7.75%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

0.50%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 4,942

Schedule of Investments [Line Items]

Aggregate cost of investments

1,869

^{[1],[2],[3],[4],[5],[6]}

1,804

^{[7],[8],[9],[10],[11],[12]}

Schedule of Investments [Line Items]

Aggregate cost of investments

$ 996

^{[1],[2],[3],[4],[5],[6]}

$ 994

^{[7],[8],[9],[10],[11],[12]}

Schedule of Investments [Line Items]

SOFR rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

8.50%

Floor rate

^{[1],[2],[3],[4],[5],[6],[27],[29]}

1.00%

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6],[29]}

$ 17,642

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Eastport Holdings, LLC Commercial Services & Supplies Interest Rate 12.55% Reference Rate and Spread SOFR + 8.50% Floor 1.00% Maturity 09/29/27

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

8.50%

Floor rate

^{[7],[8],[9],[10],[11],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12],[36]}

$ 17,430

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Lucky Bucks Holdings LLC Hotels, Restaurants & Leisure Maturity 05/29/28

Schedule of Investments [Line Items]

Aggregate cost of investments

5,993

^{[1],[2],[3],[4],[5],[6],[31]}

5,992

^{[7],[8],[9],[10],[11],[12],[32]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Tubular Textile Machinery, Inc. Machinery Interest Rate 5.00% Maturity 10/29/27

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[11],[12]}

$ 3,071

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Tubular Textile Machinery, Inc. Machinery Interest Rate 5.00% PIK Maturity 10/29/27

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[1],[2],[3],[4],[5],[6]}

$ 3,344

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

5.25%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 5,339

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28]}

7.00%

Floor rate

^{[7],[8],[9],[10],[12],[28]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12]}

$ 1,043

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AMCP Pet Holdings, Inc. Consumer Staples Distribution & Retail Interest Rate 10.99% Reference Rate and Spread SOFR + 7.00%, 3.00% PIK Floor 1.00% Maturity 01/04/28

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

7.00%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 4,784

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

6.00%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 8,031

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 15,429

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

9.75%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

3.25%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 6,782

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

10.00%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 5,728

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28]}

5.50%

Floor rate

^{[7],[8],[9],[10],[12],[28]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12]}

$ 1,393

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Hollywood Suites Delayed Draw Term Loan) Media Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50%, 9.43% PIK Floor 1.00% Maturity 11/15/27

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28]}

5.50%

Floor rate

^{[7],[8],[9],[10],[12],[28]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12]}

$ 4,318

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan B) Media Interest Rate 10.00% PIK Maturity 11/15/27

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12]}

$ 9,278

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[32]}

$ 935

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

4.75%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 5,768

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[34]}

4.25%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[34]}

$ 833

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt BetaNXT, Inc. Financial Services Interest Rate 9.42% Reference Rate and Spread SOFR + 5.75% Maturity 07/01/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

5.75%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 12,212

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[34],[35]}

5.75%

Floor rate

^{[7],[8],[9],[10],[12],[28],[34],[35]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[34],[35]}

$ (20)

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Bradshaw International Parent Corp. Specialty Retail Interest Rate 9.57% Reference Rate and Spread SOFR + 5.75% Floor 1.00% Maturity 10/21/27

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

5.75%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 918

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[32],[36]}

$ 3,794

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[34],[35]}

4.75%

Floor rate

^{[7],[8],[9],[10],[12],[28],[34],[35]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[34],[35]}

$ (5)

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) Health Care Providers & Services Interest Rate 8.47% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

4.75%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 3,091

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

6.50%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 2,424

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. (Term Loan A2) Textiles, Apparel & Luxury Goods Interest Rate 12.89% Reference Rate and Spread SOFR + 9.00%, 11.89% PIK Floor 1.00% Maturity 02/06/31

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28]}

9.00%

Floor rate

^{[7],[8],[9],[10],[12],[28]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12]}

$ 3,917

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. Textiles, Apparel & Luxury Goods Interest Rate 9.39% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 08/06/29

Schedule of Investments [Line Items]

SOFR rate

^{[7],[8],[9],[10],[12],[28],[36]}

5.50%

Floor rate

^{[7],[8],[9],[10],[12],[28],[36]}

1.00%

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[36]}

$ 3,689

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[32]}

685

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[32]}

7,697

Schedule of Investments [Line Items]

Aggregate cost of investments

^{[7],[8],[9],[10],[12],[32],[36]}

$ 6,123

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.
[13]	CLO Fund Securities are entitled to periodic distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s investments less contractual payments to debt holders and fund expenses. The estimated annualized effective yield indicated is based upon a current projection of the amount and timing of these distributions. Such projections are updated on a quarterly basis and the estimated effective yield is adjusted prospectively.
[14]	Non-U.S. company or principal place of business outside the U.S.
[15]	The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of March 31, 2026, qualifying assets represent 90.7% of the Company's total assets and non-qualifying assets represent 9.3% of the Company's total assets.
[16]	Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[17]	CLO Fund Securities are entitled to periodic distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s investments less contractual payments to debt holders and fund expenses. The estimated annualized effective yield indicated is based upon a current projection of the amount and timing of these distributions. Such projections are updated on a quarterly basis and the estimated effective yield is adjusted prospectively.
[18]	Non-U.S. company or principal place of business outside the U.S.
[19]	The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of December 31, 2025, qualifying assets represent 89.7% of the Company's total assets and non-qualifying assets represent 10.3% of the Company's total assets.
[20]	Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[21]	This investment is held by CPTA Master Blocker Inc., one of the Company’s taxable blocker subsidiaries.
[22]	This investment is held by CPTA Master Blocker Inc., one of the Company’s taxable blocker subsidiaries.
[23]	This investment is owned by PTMN Sub Holdings LLC, one of the Company’s taxable blocker subsidiaries.
[24]	This investment is owned by PTMN Sub Holdings LLC, one of the Company’s taxable blocker subsidiaries.
[25]	This investment is owned by HCAP Equity Holdings, LLC, one of the Company’s taxable blocker subsidiaries.
[26]	This investment is owned by HCAP Equity Holdings, LLC, one of the Company’s taxable blocker subsidiaries.
[27]	A majority of the variable rate loans in the Company’s investment portfolio bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR”) or an alternate Base Rate (commonly based on the Federal Funds Rate or the Prime Rate (“P”)), which typically resets semi-annually, quarterly, or monthly at the borrower’s option. The Borrower may also elect to have multiple interest reset periods for each March 31, 2026 loan. SOFR loans are typically indexed to 12 month, 6 month, 3 month, 2 month or 1 month SOFR rates. As of March 31, 2026, rates for the 6 month, 3 month and 1 month SOFR are 3.70%, 3.68%, and 3.66%, respectively. For each such loan, the Company has provided the weighted average annual stated interest rate in effect as of March 31, 2026. As noted in the table above, 92.8% (based on par) of debt securities with floating rates contain floors which range between 0.50% and 5.25%.
[28]	A majority of the variable rate loans in the Company’s investment portfolio bear interest at a rate that may be determined by reference to either SOFR or an alternate Base Rate (commonly based on the Federal Funds Rate or the Prime Rate), which typically resets semi-annually, quarterly, or monthly at the borrower’s option. The Borrower may also elect to have multiple interest reset periods for each December 31, 2025 loan. SOFR loans are typically indexed to 12 month, 6 month, 3 month, 2 month or 1 month SOFR rates. As of December 31, 2025, rates for the 6 month, 3 month and 1 month SOFR are 3.57%, 3.65%, and 3.69%, respectively. For each such loan, the Company has provided the weighted average annual stated interest rate in effect as of December 31, 2025. As noted in the table above, 89.5% (based on par) of debt securities contain floors which range between 0.50% and 5.25%.
[29]	As of March 31, 2026, all or a portion of this investment is pledged to secure the Company’s debt obligations. The fair value of assets pledged as collateral on the Revolving Credit Facility and the KeyBank Credit Facility as of March 31, 2026 was $164.5 million and $114.6 million, respectively.
[30]	Debt security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.
[31]	Loan or debt security is on non-accrual status and therefore is considered non-income producing. Beginning during the quarter ended June 30, 2025, the Company recognized interest income to the extent that it is received in cash on its loans to Colonnade Intermediate, LLC.
[32]	Loan or debt security is on non-accrual status and therefore is considered non-income producing. Beginning during the quarter ended June 30, 2025, the Company recognized interest income to the extent that it is received in cash on its loans to Colonnade Intermediate, LLC.
[33]	The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. See accompanying notes to unaudited consolidated financial statements.
[34]	Debt security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.
[35]	The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[36]	As of December 31, 2025, all or a portion of this investment is pledged to secure the Company’s debt obligations. The fair value of assets pledged as collateral on the Revolving Credit Facility and the KeyBank Credit Facility as of December 31, 2025 was $218.8 million and $104.8 million, respectively.
[37]	The investment is held at the net asset value (“NAV”) of the underlying fund.
[38]	The investment is held at the net asset value (“NAV”) of the underlying fund.
[39]	The equity investment is income producing.
[40]	The equity investment is income producing.
[41]	As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.
[42]	This investment is held by the Company’s wholly-owned subsidiary Garrison Capital Equity Holdings XI LLC.
[43]	This investment is held by the Company’s wholly-owned subsidiary Garrison Capital Equity Holdings XI LLC.
[44]	The presentation of the consolidated schedule of investments for the year ended December 31, 2025 utilizes industry classifications aligned with Global Industry Classification Standard (“GICS”) Level 3.
[45]	Held through Garrison Capital Equity Holdings II LLC and net of non-controlling member’s interest of 17.5% pursuant to the Amended and Restated Limited Liability Company Agreement of Garrison Capital Equity Holdings II LLC.
[46]	Held through Garrison Capital Equity Holdings II LLC and net of non-controlling member’s interest of 17.5% pursuant to the Amended and Restated Limited Liability Company Agreement of Garrison Capital Equity Holdings II LLC.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

8. COMMITMENTS AND CONTINGENCIES

From time-to-time the Company is a party to financial instruments with off-balance sheet risk in the normal course of business in order to meet the needs of the Company’s investment in portfolio companies. Such instruments include commitments to extend credit and may involve, in varying degrees, elements of credit risk in excess of amounts recognized on the Company’s consolidated statements of assets and liabilities. Prior to extending such credit, the Company attempts to limit its credit risk by conducting extensive due diligence, obtaining collateral where necessary and negotiating appropriate financial covenants. As of March 31, 2026, and December 31, 2025, the Company had $31.8 million and $30.0 million of unfunded commitments, respectively.

The Company may, from time to time, enter into commitments to fund investments. These unfunded commitments are assessed for fair value in accordance with ASC 820. As of March 31, 2026 and December 31, 2025, the Company had the following outstanding commitments to fund investments in current portfolio companies:


($ in thousands)		Par Value			Par Value
Portfolio Company	Investment		March 31, 2026			December 31, 2025
13 Scents Inc. (Revolver)	First Lien Debt		$	571		N/A
BetaNXT, Inc. (Revolver)	First Lien Debt			2,868			2,008
Bradshaw International Parent Corp. (Revolver)	First Lien Debt			1,844			1,844
CCMG Buyer, LLC (Care Connectors Medical Group) (Revolver)	First Lien Debt			500			500
Datalink, LLC (Revolver)	First Lien Debt			329		N/A
Dentive, LLC (Revolver)	First Lien Debt			210			210
Epilog Partners SPV III, LLC (Care Connectors Medical Group)	Equity			68			74
HR Pharmaceuticals, LLC(1)	First Lien Debt			885		N/A
HR Pharmaceuticals, LLC (Revolver)	First Lien Debt			308		N/A
Metrc Inc.(1)	First Lien Debt			394			394
Metrc Inc. (Revolver)	First Lien Debt			1,240			1,240
Middle West Spirits, LLC (Revolver)	First Lien Debt		N/A				1,833
Morae Global Corporation (Revolver)	First Lien Debt			100			100
Morae Global Corporation (Term Loan A)(1)	First Lien Debt			2,143			2,143
Netwrix Corporation (Revolver)	First Lien Debt			1,148			1,148
Newbury Franklin Industrials, LLC(1)	First Lien Debt			853			853
PMA Parent Holdings LLC (Revolver)	First Lien Debt			197			197
PMP OPCO, LLC (Princeton Medspa Partners, LLC)(1)	First Lien Debt			182			182
PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver)	First Lien Debt			188			188
RN Enterprises, LLC(1)	First Lien Debt			538			683
Series B - Great Lakes Funding II LLC	Joint Ventures			12,595			12,594
Shepherd Parent Holdings, LLC(1)	First Lien Debt			568			568
Shepherd Parent Holdings, LLC (Revolver)	First Lien Debt			387			387
Spark Buyer, LLC(1)	First Lien Debt			571			571
Spinrite, Inc. (Revolver)	First Lien Debt			350			438
TA/WEG Holdings, LLC (Revolver)	First Lien Debt			1,222			1,222
Tactical Air Support, Inc.(1)	First Lien Debt			571			571
Taoglas Group Holdings Limited (Revolver)	First Lien Debt			35			35
VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver)	First Lien Debt			952		N/A
Total Unfunded Portfolio Company Commitments			$	31,817		$	29,983

(1) Delayed draw term loan.

Earnings (Losses) Per Share - Schedule of Basic and Diluted Net Increase (Decrease) In Stockholders' Equity Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Earnings Per Share [Abstract]
Net decrease in net assets resulting from operations - basic and diluted	$ (10,173)	$ (82)
Weighted average common stock outstanding - basic	12,435,534	9,198,223
Weighted average common stock outstanding - diluted	12,435,534	9,198,223
Net decrease in net assets per share from operations - basic	$ (0.82)	$ (0.01)
Net decrease in net assets per share from operations - diluted	$ (0.82)	$ (0.01)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

Distributable Taxable Income - Reconciliation of Net Increase (Decrease) in Net Assets Resulting From Operations to Taxable Income (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Net Income (Loss)	$ (10,173)	$ (82)
Tax (benefit) provision on realized and unrealized gains (losses) on investments	403	346
Net change in unrealized (appreciation) depreciation on investments	14,638	3,903
Net realized gain (loss) on investments	(2,022)	173
Book/tax differences on CLO equity investments	0	144
Book/tax differences related to mergers and partnership investments	(2,676)	(16)
Other book/tax differences	(129)	246
Taxable income before deductions for distributions	$ 4,085	$ 4,714
Taxable income before deductions for distributions per weighted average basic shares for the period	$ 0.33	$ 0.51
Taxable income before deductions for distributions per weighted average diluted shares for the period	$ 0.33	$ 0.51

Directors' Expense

3 Months Ended

Mar. 31, 2026

Directors' Expense [Abstract]

Directors' Expense

10. DIRECTORS’ EXPENSE

The Company’s independent directors receive an annual fee of $77,000. They also receive reimbursement from the Company for any out-of-pocket expenses related to their service as members of the Board of Directors. In addition, the lead independent director will receive an annual fee of $10,000, the Chair of the Company’s Audit Committee will receive an annual fee of $10,000, the Chair of the Company’s Nominating and Corporate Governance Committee will receive an annual fee of $5,000 and the Chair of the

Company’s Compensation Committee will receive an annual fee of $5,000. During the three months ended March 31, 2026 and 2025, the Company recognized directors’ expense of $0.1 million and $0.1 million, respectively. No compensation is expected to be paid to directors who are “interested persons” of the Company, as such term is defined in Section 2(a)(19) of the 1940 Act. Further, the Company’s independent directors do not receive any stock-based compensation for their service as members of the Board and the Company’s directors who are employed by the Adviser or its affiliates do not receive any compensation for their service as members of the Board.

Borrowings - Schedule of Outstanding Principal and Fair Value of Financial Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Oct. 14, 2025
March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	$ 342,243
Fair Value	338,798
December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		$ 312,298
Fair Value		308,853
Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	338,798
Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		308,853
4.875% Notes Due 2026
Debt Instrument [Line Items]
Outstanding Principal			$ 108,000
2026 Notes \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	50,000
Fair Value	48,875
2026 Notes \| December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		50,000
Fair Value		48,875
2026 Notes \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	48,875
2026 Notes \| Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		48,875
2032 Convertible Notes \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	2,000
Fair Value	1,892
2032 Convertible Notes \| December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		2,000
Fair Value		1,892
2032 Convertible Notes \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	1,892
2032 Convertible Notes \| Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		1,892
2028 Notes \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	35,000
Fair Value	34,475
2028 Notes \| December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		35,000
Fair Value		34,475
2028 Notes \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	34,475
2028 Notes \| Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		34,475
2029 Notes \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	50,000
Fair Value	50,000
2029 Notes \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	50,000
2030 Notes \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	75,000
Fair Value	73,313
2030 Notes \| December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		75,000
Fair Value		73,313
2030 Notes \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	73,313
2030 Notes \| Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		73,313
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	80,009
Fair Value	80,009
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		107,629
Fair Value		107,629
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	80,009
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility \| Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		107,629
KeyBank Credit Facility \| March 31, 2026
Debt Instrument [Line Items]
Outstanding Principal	50,234
Fair Value	50,234
KeyBank Credit Facility \| December 31, 2025
Debt Instrument [Line Items]
Outstanding Principal		42,669
Fair Value		42,669
KeyBank Credit Facility \| Level 3 \| March 31, 2026
Debt Instrument [Line Items]
Fair Value	$ 50,234
KeyBank Credit Facility \| Level 3 \| December 31, 2025
Debt Instrument [Line Items]
Fair Value		$ 42,669

Investments - Schedule of Valuation Techniques and Significant Inputs of Level III Investments (Details) - Level III
$ in Thousands

Mar. 31, 2026

USD ($)

Dec. 31, 2025

USD ($)

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 440,865

$ 463,465

First Lien Debt | Enterprise Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 61,907

$ 64,896

First Lien Debt | Enterprise Value | Revenue Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.004

First Lien Debt | Enterprise Value | Revenue Multiple | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.003

First Lien Debt | Enterprise Value | Revenue Multiple | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.025

First Lien Debt | Enterprise Value | Revenue Multiple | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.007

First Lien Debt | Enterprise Value | Recovery Percentage | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.02

^[1]

0.726

^[2]

First Lien Debt | Enterprise Value | Recovery Percentage | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

^[2]

First Lien Debt | Enterprise Value | Recovery Percentage | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.61

^[1]

0.959

^[2]

First Lien Debt | Enterprise Value | EBITDA Multiple | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.05

^[1]

0.05

^[2]

First Lien Debt | Enterprise Value | EBITDA Multiple | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.103

^[1]

0.098

^[2]

First Lien Debt | Enterprise Value | EBITDA Multiple | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.069

^[1]

0.072

^[2]

First Lien Debt | Enterprise Value | Expected Takeout Price

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

First Lien Debt | Enterprise Value | Book Value of Equity

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.028

First Lien Debt | Income Approach

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 239,696

$ 232,609

First Lien Debt | Income Approach | Required Rate of Return | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.071

^[1]

0.053

^[2]

First Lien Debt | Income Approach | Required Rate of Return | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.192

^[1]

0.185

^[2]

First Lien Debt | Income Approach | Required Rate of Return | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.114

^[1]

0.113

^[2]

First Lien Debt | Income Approach | Volatility

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

First Lien Debt | Income Approach | Stock Price

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

491

First Lien Debt | Income Approach | Time to Exit (Years)

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

First Lien Debt | Market

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 19,522

$ 46,624

First Lien Debt | Market | Recent Transaction Bid

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.118

Second Lien Debt | Income Approach

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 26,150

$ 26,901

Second Lien Debt | Income Approach | Required Rate of Return | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.167

^[1]

0.149

^[2]

Second Lien Debt | Income Approach | Required Rate of Return | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.271

^[1]

0.215

^[2]

Second Lien Debt | Income Approach | Required Rate of Return | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.19

^[1]

0.171

^[2]

Second Lien Debt | Market

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 12,345

$ 15,282

Subordinated Debt | Enterprise Market Value | Revenue Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.005

Subordinated Debt | Enterprise Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 4,191

$ 5,062

Subordinated Debt | Enterprise Value | Revenue Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.006

Subordinated Debt | Enterprise Value | Recovery Percentage

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.194

^[1]

0.194

^[2]

Subordinated Debt | Income Approach

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 20,276

$ 20,275

Subordinated Debt | Income Approach | Required Rate of Return | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.118

^[1]

0.108

^[2]

Subordinated Debt | Income Approach | Required Rate of Return | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.161

^[1]

0.153

^[2]

Subordinated Debt | Income Approach | Required Rate of Return | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.12

^[1]

0.11

^[2]

Equity | Enterprise Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 38,505

$ 29,527

Equity | Enterprise Value | Revenue Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.007

Equity | Enterprise Value | Revenue Multiple | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.028

Equity | Enterprise Value | Liquidation Preference on Multiple of Invested Capital

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.014

Equity | Enterprise Value | Multiple on Invested Capital

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.013

Equity | Enterprise Value | Average EBITDA Multiple | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.007

Equity | Enterprise Value | Average EBITDA Multiple | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.029

Equity | Enterprise Value | Average EBITDA Multiple | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.01

Equity | Enterprise Value | EBITDA Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.065

Equity | Enterprise Value | EBITDA Multiple | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.044

^[1]

0.044

^[2]

Equity | Enterprise Value | EBITDA Multiple | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.173

^[1]

0.175

^[2]

Equity | Enterprise Value | EBITDA Multiple | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.08

^[1]

0.079

^[2]

Equity | Enterprise Value | Expected Takeout Price

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

Equity | Enterprise Value | Expected Takeout Price | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.004

Equity | Enterprise Value | Expected Takeout Price | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.01

^[1]

0.01

^[2]

Equity | Enterprise Value | Expected Takeout Price | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.009

Equity | Enterprise Value | Book Value Multiple | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.009

^[1]

0.006

^[2]

Equity | Enterprise Value | Book Value Multiple | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.017

^[1]

0.017

^[2]

Equity | Enterprise Value | Book Value Multiple | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.01

^[1]

0.01

^[2]

Equity | Income Approach

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 5,919

$ 9,630

Equity | Income Approach | Required Rate of Return | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.105

^[1]

0.096

^[2]

Equity | Income Approach | Required Rate of Return | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.192

^[1]

0.198

^[2]

Equity | Income Approach | Required Rate of Return | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.143

^[1]

0.152

^[2]

Equity | Income Approach | Volatility | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

^[2]

Equity | Income Approach | Volatility | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

58.9

^[1]

58.9

^[2]

Equity | Income Approach | Volatility | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

44.1

^[1]

55.3

^[2]

Equity | Income Approach | Stock Price | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.5

^[1]

0.6

^[2]

Equity | Income Approach | Stock Price | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

139

^[1]

1,041.5

^[2]

Equity | Income Approach | Stock Price | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

71.4

^[1]

802

Equity | Income Approach | Time to Exit (Years) | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

1.5

^[1]

1.7

^[2]

Equity | Income Approach | Time to Exit (Years) | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

3.7

^[1]

3.9

^[2]

Equity | Income Approach | Time to Exit (Years) | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

2.6

^[1]

2.4

^[2]

Equity | Income Approach | Weighted Average Cost of Capital

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.136

Equity | Market

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 1,525

$ 35

Equity | Market | Option Purchase Price

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

4.081

^[1]

4.081

^[2]

Equity | Market | Recent Transaction Bid

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.01

Collateralized Loan Obligations | Enterprise Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 1,690

$ 1,789

Collateralized Loan Obligations | Enterprise Value | Recovery Percentage | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.005

Collateralized Loan Obligations | Enterprise Value | Recovery Percentage | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.064

Collateralized Loan Obligations | Enterprise Value | Recovery Percentage | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.057

Collateralized Loan Obligations | Income Approach | Revenue Multiple | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.017

Collateralized Loan Obligations | Income Approach | Expected Takeout Price | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.007

Collateralized Loan Obligations | Income Approach | Discount Rate | Minimum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.003

Collateralized Loan Obligations | Income Approach | Discount Rate | Maximum

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.066

Collateralized Loan Obligations | Income Approach | Discount Rate | Weighted Average

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.062

Collateralized Loan Obligations | Income Approach | Recovery Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.70

Collateralized Loan Obligations | Income Approach | Prepayment Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.20

Joint Ventures | Income Approach

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 8,944

$ 10,655

Joint Ventures | Income Approach | Discount Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.197

^[1]

0.186

^[2]

Joint Ventures | Income Approach | Recovery Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.70

Joint Ventures | Income Approach | Probability of Default

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

0.045

^[1]

0.045

^[2]

Joint Ventures | Income Approach | Prepayment Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.20

Derivatives | Enterprise Market Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 195

Derivatives | Enterprise Market Value | EBITDA Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.06

Derivatives | Enterprise Market Value | Book Value Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.009

Derivatives | Enterprise Market Value | Discount Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[1]

0.25

Derivatives | Enterprise Value

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair value of investments

$ 180

Derivatives | Enterprise Value | EBITDA Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.063

Derivatives | Enterprise Value | Book Value Multiple

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.006

Derivatives | Enterprise Value | Discount Rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Range of Inputs

^[2]

0.40

[1]	The weighted averages disclosed in the table above were weighted by their relative fair value.
[2]	The weighted averages disclosed in the table above were weighted by their relative fair value.

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Summary of Outstanding Commitments to Fund Investments in Current Portfolio Companies


($ in thousands)		Par Value			Par Value
Portfolio Company	Investment		March 31, 2026			December 31, 2025
13 Scents Inc. (Revolver)	First Lien Debt		$	571		N/A
BetaNXT, Inc. (Revolver)	First Lien Debt			2,868			2,008
Bradshaw International Parent Corp. (Revolver)	First Lien Debt			1,844			1,844
CCMG Buyer, LLC (Care Connectors Medical Group) (Revolver)	First Lien Debt			500			500
Datalink, LLC (Revolver)	First Lien Debt			329		N/A
Dentive, LLC (Revolver)	First Lien Debt			210			210
Epilog Partners SPV III, LLC (Care Connectors Medical Group)	Equity			68			74
HR Pharmaceuticals, LLC(1)	First Lien Debt			885		N/A
HR Pharmaceuticals, LLC (Revolver)	First Lien Debt			308		N/A
Metrc Inc.(1)	First Lien Debt			394			394
Metrc Inc. (Revolver)	First Lien Debt			1,240			1,240
Middle West Spirits, LLC (Revolver)	First Lien Debt		N/A				1,833
Morae Global Corporation (Revolver)	First Lien Debt			100			100
Morae Global Corporation (Term Loan A)(1)	First Lien Debt			2,143			2,143
Netwrix Corporation (Revolver)	First Lien Debt			1,148			1,148
Newbury Franklin Industrials, LLC(1)	First Lien Debt			853			853
PMA Parent Holdings LLC (Revolver)	First Lien Debt			197			197
PMP OPCO, LLC (Princeton Medspa Partners, LLC)(1)	First Lien Debt			182			182
PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver)	First Lien Debt			188			188
RN Enterprises, LLC(1)	First Lien Debt			538			683
Series B - Great Lakes Funding II LLC	Joint Ventures			12,595			12,594
Shepherd Parent Holdings, LLC(1)	First Lien Debt			568			568
Shepherd Parent Holdings, LLC (Revolver)	First Lien Debt			387			387
Spark Buyer, LLC(1)	First Lien Debt			571			571
Spinrite, Inc. (Revolver)	First Lien Debt			350			438
TA/WEG Holdings, LLC (Revolver)	First Lien Debt			1,222			1,222
Tactical Air Support, Inc.(1)	First Lien Debt			571			571
Taoglas Group Holdings Limited (Revolver)	First Lien Debt			35			35
VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver)	First Lien Debt			952		N/A
Total Unfunded Portfolio Company Commitments			$	31,817		$	29,983

(1) Delayed draw term loan.

Investments - Additional Information (Details)
$ in Thousands

3 Months Ended

Mar. 31, 2026

USD ($)

Member

Mar. 31, 2025

USD ($)

Dec. 31, 2025

USD ($)

Investment Holdings [Line Items]

Percentage of voting interest

247.10%

^{[1],[2],[3],[4],[5],[6]}

239.50%

^{[7],[8],[9],[10],[11],[12]}

Fair Value

$ 476,888

^{[1],[2],[3],[4],[5],[6]}

$ 500,975

^{[7],[8],[9],[10],[11],[12]}

Unfunded commitment to investee

31,817

29,983

Joint venture

Investment Holdings [Line Items]

Investment income from investments in joint ventures

1,000

$ 1,400

Freedom 3 and Great Lakes Joint venture

Investment Holdings [Line Items]

Aggregate fair value of investments in joint venture

$ 45,000

48,200

F3C Joint Venture

Investment Holdings [Line Items]

F3C Joint venture ownership percentage

62.80%

Number of board of directors | Member

Directors selected by company | Member

Directors selected by Freedom 3 Opportunities | Member

Fair Value

$ 8,900

10,700

Series A - Great Lakes Funding II LLC

Investment Holdings [Line Items]

Percentage of voting interest

50.00%

Series B - Great Lakes Funding II LLC

Investment Holdings [Line Items]

Fair Value

$ 36,000

37,500

Unfunded commitment to investee

$ 12,600

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.

Investments - Summary of Details Investments in Affiliates (Details) - USD ($)

3 Months Ended

12 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Dec. 31, 2025

Dec. 31, 2024

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 500,975,000

Fair Value, Ending Balance

476,888,000

^{[7],[8],[9],[10],[11],[12]}

$ 500,975,000

^{[1],[2],[3],[4],[5],[6]}

Total dividend income

1,047,000

$ 1,417,000

Controlled Affiliated Investments

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[13]}

10,655,000

Net Change in Unrealized Gain/(Loss)

(1,597,000)

(1,274,000)

Fair Value, Ending Balance

8,944,000

^{[7],[8],[9],[10],[11],[12]}

10,655,000

^{[1],[2],[3],[4],[5],[6],[13]}

Non-controlled Affiliated Investments

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

80,585,000

Net Change in Unrealized Gain/(Loss)

(2,318,000)

(1,140,000)

Realized Gain/(Loss)

(92,000)

Fair Value, Ending Balance

87,371,000

80,585,000

Total dividend income

1,047,000

1,417,000

Investment, Identifier [Axis]: Controlled investments KCAP Freedom 3, LLC Type of Investment Joint Ventures Industry Classification Joint Venture

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

10,655,000

^{[14],[15],[16]}

13,015,000

^{[17],[18],[19]}

13,015,000

^{[17],[18],[19]}

Purchases/ (sales) of or Advances/ (Distributions)

(114,000)

^{[14],[15],[16]}

(897,000)

^{[17],[18],[19]}

Net Change in Unrealized Gain/(Loss)

(1,597,000)

^{[14],[15],[16]}

(1,463,000)

^{[17],[18],[19]}

Fair Value, Ending Balance

^{[14],[15],[16]}

8,944,000

10,655,000

Principal

27,220,000

^{[14],[15],[16]}

27,220,000

^{[17],[18],[19]}

Investment, Identifier [Axis]: Controlled investments ProAir Holdco, LLC, LLC Type of Investment Common Stock and Membership Units Industry Classification Trading Companies & Distributors

Summary of Investment Holdings [Line Items]

Net Change in Unrealized Gain/(Loss)

^{[17],[18],[20]}

4,261,000

Realized Gain/(Loss)

^{[17],[18],[20]}

(4,261,000)

Investment, Identifier [Axis]: Controlled investments ProAir, LLC Type of Investment Subordinated Debt Industry Classification Trading Companies & Distributors

Summary of Investment Holdings [Line Items]

Net Change in Unrealized Gain/(Loss)

^[17],[18]

1,931,000

Realized Gain/(Loss)

^[17],[18]

(1,931,000)

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Collateralized Loan Obligations JMP Credit Advisors CLO IV LTD CLO Fund Securities Maturity 07/17/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[24]}

121,000

Fair Value, Ending Balance

87,000

^{[7],[8],[9],[10],[11],[12],[25],[26],[27],[28]}

121,000

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[24]}

Principal

26,298,000

^{[7],[8],[9],[10],[11],[12],[26],[27],[28],[29]}

26,298,000

^{[1],[2],[3],[4],[5],[6],[22],[23],[24],[30]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Collateralized Loan Obligations JMP Credit Advisors CLO V LTD CLO Fund Securities Maturity 07/17/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[24]}

1,556,000

Fair Value, Ending Balance

1,603,000

^{[7],[8],[9],[10],[11],[12],[25],[26],[27],[28]}

1,556,000

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[24]}

Principal

24,394,000

^{[7],[8],[9],[10],[11],[12],[26],[27],[28],[29]}

24,394,000

^{[1],[2],[3],[4],[5],[6],[22],[23],[24],[30]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Burgaflex Holdings, LLC - Class A Automobile Components

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[31]}

2,333,000

Fair Value, Ending Balance

$ 3,567,000

^{[7],[8],[9],[10],[11],[12],[32]}

$ 2,333,000

^{[1],[2],[3],[4],[5],[6],[24],[31]}

Investment in number of units

1,253,198

^{[7],[8],[9],[10],[11],[12],[28],[29],[32]}

1,253,198

^{[1],[2],[3],[4],[5],[6],[24],[30],[31]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Burgaflex Holdings, LLC - Class B Automobile Components

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[31]}

$ 2,144,000

Fair Value, Ending Balance

$ 2,339,000

^{[7],[8],[9],[10],[11],[12],[32]}

$ 2,144,000

^{[1],[2],[3],[4],[5],[6],[24],[31]}

Investment in number of units

1,085,073

^{[7],[8],[9],[10],[11],[12],[28],[29],[32]}

1,085,073

^{[1],[2],[3],[4],[5],[6],[24],[30],[31]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Datalink, LLC Health Care Technology

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

$ 1,328,000

Investment in number of units

^{[7],[8],[9],[10],[11],[12],[28],[29]}

4,928

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units GreenPark Infrastructure, LLC - Series M-1 Commercial Services & Supplies

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[31],[33]}

$ 3,074,000

Fair Value, Ending Balance

$ 3,097,000

^{[7],[8],[9],[10],[11],[12],[32],[34]}

$ 3,074,000

^{[1],[2],[3],[4],[5],[6],[24],[31],[33]}

Investment in number of units

8,977

^{[7],[8],[9],[10],[11],[12],[28],[29],[32],[34]}

8,977

^{[1],[2],[3],[4],[5],[6],[24],[30],[31],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Kleen-Tech Acquisition, LLC Commercial Services & Supplies

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[35]}

$ 250,000

Fair Value, Ending Balance

$ 250,000

^{[7],[8],[9],[10],[11],[12],[36]}

$ 250,000

^{[1],[2],[3],[4],[5],[6],[24],[35]}

Investment in number of units

250,000

^{[7],[8],[9],[10],[11],[12],[28],[29],[36]}

250,000

^{[1],[2],[3],[4],[5],[6],[24],[30],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units MMI Holdings, LLC Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[7],[8],[9],[10],[11],[12],[28],[29],[32]}

^{[1],[2],[3],[4],[5],[6],[24],[30],[31]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Phoenix Aviation Capital, LLC Aerospace & Defense

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[33]}

$ 242,000

Fair Value, Ending Balance

$ 333,000

^{[7],[8],[9],[10],[11],[12],[34]}

$ 242,000

^{[1],[2],[3],[4],[5],[6],[24],[33]}

Investment in number of units

^{[7],[8],[9],[10],[11],[12],[28],[29],[34]}

^{[1],[2],[3],[4],[5],[6],[24],[30],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Princeton Medspa Partners, LLC - Warrant Diversified Consumer Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[33]}

$ 10,000

Fair Value, Ending Balance

$ 5,000

^{[7],[8],[9],[10],[11],[12],[34]}

$ 10,000

^{[1],[2],[3],[4],[5],[6],[24],[33]}

Investment in number of units

0.03

^{[7],[8],[9],[10],[11],[12],[28],[29],[34]}

0.03

^{[1],[2],[3],[4],[5],[6],[24],[30],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Common Stock and Membership Units Sierra Hamilton Holdings Corporation Energy Equipment & Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[31]}

$ 611,000

Fair Value, Ending Balance

$ 778,000

^{[7],[8],[9],[10],[11],[12],[32]}

$ 611,000

^{[1],[2],[3],[4],[5],[6],[24],[31]}

Investment in number of units

27,396,364

^{[7],[8],[9],[10],[11],[12],[28],[29],[32]}

27,396,364

^{[1],[2],[3],[4],[5],[6],[24],[30],[31]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Derivatives Princeton Medspa Partners, LLC Diversified Consumer Services

Summary of Investment Holdings [Line Items]

Principal

$ 1,000,000,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[29],[34]}

$ 1,000,000,000

^{[1],[2],[3],[4],[5],[6],[23],[24],[30],[33]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28]}

4,892,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29]}

8,019,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt American Clinical Solutions, LLC Health Care Providers & Services Interest Rate 10.82% Reference Rate and Spread SOFR + 7.00%, 3.82% PIK Floor 1.00% Maturity 06/30/26

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24]}

5,084,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[24]}

5,084,000

Principal

^{[1],[2],[3],[4],[5],[6],[24],[30]}

7,943,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC (Revolver) Health Care Technology Maturity 02/05/33

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[37]}

(79,000)

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt Datalink, LLC Health Care Technology Interest Rate 10.00%PIK Maturity 02/05/33

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[38]}

2,112,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[38]}

2,779,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[37]}

27,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[37]}

34,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[37],[38]}

2,708,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[37],[38]}

2,773,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 09/30/26

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[39]}

4,716,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[39]}

5,215,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 12/31/25

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[40]}

4,632,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[24],[40]}

4,632,000

Principal

^{[1],[2],[3],[4],[5],[6],[24],[30],[40]}

5,030,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[41],[42]}

(13,000)

Fair Value, Ending Balance

(17,000)

^{[7],[8],[9],[10],[11],[12],[28],[37],[43]}

(13,000)

^{[1],[2],[3],[4],[5],[6],[24],[41],[42]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[37],[38]}

1,807,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[37],[38]}

1,999,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies First Lien/Senior Secured Debt PMP OPCO, LLC (Princeton Medspa Partners, LLC) Diversified Consumer Services Interest Rate 12.59% Reference Rate and Spread SOFR + 8.50% Floor 2.00% Maturity 05/31/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[41],[44]}

1,855,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[24],[41],[44]}

1,855,000

Principal

^{[1],[2],[3],[4],[5],[6],[24],[30],[41],[44]}

2,005,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[38]}

9,181,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[38]}

9,181,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[44]}

9,307,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[24],[44]}

9,307,000

Principal

^{[1],[2],[3],[4],[5],[6],[24],[30],[44]}

9,306,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Joint Ventures Series B-Great Lakes Funding II LLC Joint Venture

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[23],[24],[41],[45]}

37,510,000

Fair Value, Ending Balance

36,023,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[37],[46]}

37,510,000

^{[1],[2],[3],[4],[5],[6],[23],[24],[41],[45]}

Principal

$ 39,862,000

^{[7],[8],[9],[10],[11],[12],[27],[28],[29],[37]}

$ 39,862,000

^{[1],[2],[3],[4],[5],[6],[23],[24],[30],[41]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units American Clinical Solutions, LLC - Class A Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Investment in number of units

20,964,483

^{[7],[8],[9],[10],[11],[12],[28],[29],[32]}

20,964,483

^{[1],[2],[3],[4],[5],[6],[24],[30],[31]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units EBSC Holdings LLC (Riddell, Inc.) Leisure Products Interest Rate 10.00% PIK

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[31],[47]}

$ 4,012,000

Fair Value, Ending Balance

$ 4,170,000

^{[7],[8],[9],[10],[11],[12],[28],[48]}

$ 4,012,000

^{[1],[2],[3],[4],[5],[6],[24],[31],[47]}

Investment in number of units

3,654

^{[7],[8],[9],[10],[11],[12],[28],[29],[48]}

3,566

^{[1],[2],[3],[4],[5],[6],[24],[30],[31],[47]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units GreenPark Infrastructure, LLC - Series A Commercial Services & Supplies

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[33]}

$ 700,000

Fair Value, Ending Balance

$ 735,000

^{[7],[8],[9],[10],[11],[12],[28],[32],[34]}

$ 700,000

^{[1],[2],[3],[4],[5],[6],[24],[33]}

Investment in number of units

1,400

^{[7],[8],[9],[10],[11],[12],[28],[29],[32],[34]}

1,400

^{[1],[2],[3],[4],[5],[6],[24],[30],[33]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units HR Pharmaceuticals, LLC Health Care Equipment & Supplies Interest Rate 14.00% PIK

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28],[34],[48]}

$ 500,000

Investment in number of units

^{[7],[8],[9],[10],[11],[12],[28],[29],[34],[48]}

500,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units MMI Holdings, LLC Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Investment in number of units

1,000

^{[7],[8],[9],[10],[11],[12],[28],[29],[32]}

1,000

^{[1],[2],[3],[4],[5],[6],[24],[30],[31]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Northeast Metal Works LLC - Class O Preferred Metals & Mining

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24]}

$ 280,000

Fair Value, Ending Balance

$ 122,000

^{[7],[8],[9],[10],[11],[12],[28],[36]}

$ 280,000

^{[1],[2],[3],[4],[5],[6],[24]}

Investment in number of units

5,445,000

^{[7],[8],[9],[10],[11],[12],[28],[29],[36]}

5,445

^{[1],[2],[3],[4],[5],[6],[24],[30]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Northeast Metal Works LLC - Preferred Metals & Mining

Summary of Investment Holdings [Line Items]

Investment in number of units

2,368

^{[7],[8],[9],[10],[11],[12],[28],[29],[36]}

2,368

^{[1],[2],[3],[4],[5],[6],[24],[30],[35]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Phoenix Aviation Capital, LLC Aerospace & Defense

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[33],[47]}

$ 1,130,000

Fair Value, Ending Balance

$ 1,108,000

^{[7],[8],[9],[10],[11],[12],[34],[48]}

$ 1,130,000

^{[1],[2],[3],[4],[5],[6],[24],[33],[47]}

Investment in number of units

1,304,086

^{[7],[8],[9],[10],[11],[12],[28],[29],[34],[48]}

1,281,657

^{[1],[2],[3],[4],[5],[6],[24],[30],[33],[47]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Princeton Medspa Partners, LLC Diversified Consumer Services Interest Rate 12.50% PIK

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[33],[47]}

$ 676,000

Fair Value, Ending Balance

$ 592,000

^{[7],[8],[9],[10],[11],[12],[34],[48]}

$ 676,000

^{[1],[2],[3],[4],[5],[6],[24],[33],[47]}

Investment in number of units

1,240,051

^{[7],[8],[9],[10],[11],[12],[28],[29],[34],[48]}

1,202,973

^{[1],[2],[3],[4],[5],[6],[24],[30],[33],[47]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Preferred Stock and Units Westshore RAM, LLC - Class A Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24],[47]}

$ 1,201,000

Fair Value, Ending Balance

$ 1,474,000

^{[7],[8],[9],[10],[11],[12],[48]}

$ 1,201,000

^{[1],[2],[3],[4],[5],[6],[24],[47]}

Investment in number of units

86,000

^{[7],[8],[9],[10],[11],[12],[28],[29],[48]}

86,000

^{[1],[2],[3],[4],[5],[6],[24],[30],[47]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 09/30/26

Summary of Investment Holdings [Line Items]

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29],[39]}

$ 480,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt MMI Holdings, LLC Health Care Providers & Services Maturity 12/31/25

Summary of Investment Holdings [Line Items]

Principal

^{[1],[2],[3],[4],[5],[6],[24],[30],[40]}

$ 480,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 01/01/25

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24]}

387,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[24]}

387,000

Principal

^{[1],[2],[3],[4],[5],[6],[24],[30]}

500,000

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 04/05/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[24]}

3,483,000

Fair Value, Ending Balance

391,000

^{[7],[8],[9],[10],[11],[12],[28]}

3,483,000

^{[1],[2],[3],[4],[5],[6],[24]}

Principal

500,000

^{[7],[8],[9],[10],[11],[12],[28],[29]}

4,500,000

^{[1],[2],[3],[4],[5],[6],[24],[30]}

Investment, Identifier [Axis]: Investments in Affiliate Portfolio Companies Second Lien/Senior Secured Debt Northeast Metal Works LLC Metals & Mining Interest Rate 8.00% Maturity 04/05/28 One

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[28]}

3,522,000

Principal

^{[7],[8],[9],[10],[11],[12],[28],[29]}

4,500,000

Investment, Identifier [Axis]: Investments in Controlled Affiliated Portfolio Companies Joint Ventures KCAP Freedom 3 LLC Joint Venture

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[13],[23]}

10,655,000

Fair Value, Ending Balance

8,944,000

^{[7],[8],[9],[10],[11],[12],[27]}

10,655,000

^{[1],[2],[3],[4],[5],[6],[13],[23]}

Principal

27,220,000

^{[7],[8],[9],[10],[11],[12],[27],[29]}

27,220,000

^{[1],[2],[3],[4],[5],[6],[13],[23],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Catamaran CLO 2014-1 Ltd. CLO Fund Securities Maturity 04/20/30

Summary of Investment Holdings [Line Items]

Principal

15,161,000

^{[7],[8],[9],[10],[11],[12],[25],[26],[27],[29]}

15,161,000

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Catamaran CLO 2018-1 Ltd CLO Fund Securities Maturity 10/27/31

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[21],[22],[23]}

112,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[21],[22],[23]}

112,000

Principal

10,000,000

^{[7],[8],[9],[10],[11],[12],[25],[26],[27],[29]}

10,000,000

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Collateralized Loan Obligations Dryden 30 Senior Loan Fund CLO Fund Securities Maturity 11/01/28

Summary of Investment Holdings [Line Items]

Principal

3,250,000

^{[7],[8],[9],[10],[11],[12],[25],[26],[27],[29]}

3,250,000

^{[1],[2],[3],[4],[5],[6],[21],[22],[23],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units AAPC Holdings, LLC Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[31],[33]}

780,000

Fair Value, Ending Balance

$ 870,000

^{[7],[8],[9],[10],[11],[12],[32],[34]}

$ 780,000

^{[1],[2],[3],[4],[5],[6],[31],[33]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[31],[33]}

0.1

0.13

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units AIP Capital, LLC Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[33]}

$ 35,000

Fair Value, Ending Balance

$ 35,000

^{[7],[8],[9],[10],[11],[12],[34]}

$ 35,000

^{[1],[2],[3],[4],[5],[6],[33]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[33]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units ATP Oil & Gas Corporation Oil, Gas & Consumable Fuels

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

0.1

^[49]

0.1

^[50]

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Advantage Capital Holdings LLC - Class A Units Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[33]}

$ 1,580,000

Fair Value, Ending Balance

$ 1,885,000

^{[7],[8],[9],[10],[11],[12],[34]}

$ 1,580,000

^{[1],[2],[3],[4],[5],[6],[33]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[33]}

822

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Class A Warrant Media

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

510

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Class B Warrant Media

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Anthem Sports & Entertainment Inc. - Warrant for CS Media

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

1,644

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units BGPT Maverick, L.P. (Metrc Inc.) Communications Equipment

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 1,116,000

Fair Value, Ending Balance

$ 1,209,000

^{[7],[8],[9],[10],[11],[12]}

$ 1,116,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

1,020,408

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units BLST Operating Company, LLC - Class A Broadline Retail

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[31]}

217,013

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Carestream Health Holdings, Inc. Health Care Equipment & Supplies

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 85,000

Fair Value, Ending Balance

$ 85,000

^{[7],[8],[9],[10],[11],[12]}

$ 85,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

4,099

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Centric Brands, L.P. Textiles, Apparel & Luxury Goods

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 4,029,000

Fair Value, Ending Balance

$ 5,614,000

^{[7],[8],[9],[10],[11],[12]}

$ 4,029,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

81,770

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units DxTx Pain and Spine LLC Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[31],[33]}

$ 430,000

Fair Value, Ending Balance

$ 611,000

^{[7],[8],[9],[10],[11],[12],[34]}

$ 430,000

^{[1],[2],[3],[4],[5],[6],[31],[33]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[31],[33]}

217,479

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Everyware Global, Inc. Household Products

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[51]}

$ 643,000

Fair Value, Ending Balance

$ 643,000

^{[7],[8],[9],[10],[11],[12],[52]}

$ 643,000

^{[1],[2],[3],[4],[5],[6],[51]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[51]}

1,085,565

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units FP WRCA Coinvestment Fund VII, Ltd. - Class A Building Products

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[22],[23]}

$ 505,000

Fair Value, Ending Balance

$ 775,000

^{[7],[8],[9],[10],[11],[12],[26],[27]}

$ 505,000

^{[1],[2],[3],[4],[5],[6],[22],[23]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[22],[23],[30]}

100

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Freedom Electronics, LLC Electronic Equipment, Instruments & Components

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[31]}

$ 252,000

Fair Value, Ending Balance

$ 227,000

^{[7],[8],[9],[10],[11],[12],[32]}

$ 252,000

^{[1],[2],[3],[4],[5],[6],[31]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[31]}

181,818

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Fusion Connect, Inc. - Warrant Wireless Telecommunication Services

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

811,572

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Fusion Connect, Inc. Wireless Telecommunication Services

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[44]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 1,488,000

Fair Value, Ending Balance

$ 1,354,000

^{[7],[8],[9],[10],[11],[12]}

$ 1,488,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

62,378

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units HDC/HW Holdings, LLC Software

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

148,826

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units LB NewHoldCo LLC Hotels, Restaurants & Leisure

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

$ 566,000

Fair Value, Ending Balance

$ 437,000

^{[7],[8],[9],[10],[11],[12],[38]}

$ 566,000

^{[1],[2],[3],[4],[5],[6],[44]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[44]}

146,589

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Live Comfortably Inc. Household Durables

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,846

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Middle West Spirits, LLC Beverages

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 58,000

Fair Value, Ending Balance

$ 53,000

^{[7],[8],[9],[10],[11],[12]}

$ 58,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Morae Global Holdings Inc. - Warrant IT Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 466,000

Fair Value, Ending Balance

$ 148,000

^{[7],[8],[9],[10],[11],[12]}

$ 466,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

1,625

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Ohene Holdings B.V. - Warrant IT Services

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[22],[23],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Roscoe Investors, LLC - Class A Health Care Equipment & Supplies

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

10,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units South Street Securities Holdings, Inc – Warrant Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 618,000

Fair Value, Ending Balance

$ 626,000

^{[7],[8],[9],[10],[11],[12]}

$ 618,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

4,533

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Sundance Holdings Group, LLC Specialty Retail

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

14,603

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Swift Aggregator LLC (formerly GA Communications, Inc.) Media

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 1,420,000

Fair Value, Ending Balance

$ 1,420,000

^{[7],[8],[9],[10],[11],[12]}

$ 1,420,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

1,363,451

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units VTX Holdings LLC - Series C IT Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 6,000

Fair Value, Ending Balance

$ 4,000

^{[7],[8],[9],[10],[11],[12]}

$ 6,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

882,504

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units Workplace Holdings LLC (Pomeroy Technologies, LLC) Software

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

950

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Common Stock and Membership Units World Business Lenders, LLC Financial Services

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[23],[30]}

42,859

49,209

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives Advantage Capital Holdings LLC Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[23],[33]}

$ 180,000

Fair Value, Ending Balance

195,000

^{[7],[8],[9],[10],[11],[12],[27],[34]}

$ 180,000

^{[1],[2],[3],[4],[5],[6],[23],[33]}

Principal

^{[1],[2],[3],[4],[5],[6],[23],[30],[33]}

164,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives Epilog Partners LP (Care Connectors Medical Group) Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Principal

^{[1],[2],[3],[4],[5],[6],[23],[30],[33],[41]}

1,166,667,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Derivatives HDNet Holdco LLC (Anthem) Media

Summary of Investment Holdings [Line Items]

Principal

^{[1],[2],[3],[4],[5],[6],[23],[30]}

200

Summary of Investment Holdings [Line Items]

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

55,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

6,882,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

7,175,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

8,541,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

8,541,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

10,003,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[43]}

(28,000)

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(58,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(58,000)

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(35,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(35,000)

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

6,056,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

6,056,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

6,176,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

13,957,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

13,957,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

14,027,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41]}

394,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41]}

394,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41]}

400,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

4,880,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

4,880,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[44]}

4,969,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,760,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,760,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,796,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,945,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,945,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,977,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

5,833,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

5,833,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

5,885,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(8,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(8,000)

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[43]}

(20,000)

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,175,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,175,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

4,205,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

6,946,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

6,946,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[44]}

7,082,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[43]}

(11,000)

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,920,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,000,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

5,760,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,805,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

787,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

1,053,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,617,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,839,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

8,617,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

8,621,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

14,973,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

15,298,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

7,406,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

7,003,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

5,839,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,707,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

1,412,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

1,412,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

4,379,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

4,379,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

7,062,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

9,510,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan C) Media Maturity 11/15/27

Summary of Investment Holdings [Line Items]

Principal

^{[7],[8],[9],[10],[11],[12],[29],[39]}

8,805,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

5,756,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,756,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[43]}

(83,000)

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

12,433,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

12,803,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[43]}

(34,000)

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

951,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

969,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CB MIDCO, LLC Diversified Consumer Services Maturity 09/28/27

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38],[39]}

175,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38],[39]}

4,110,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) Health Care Providers & Services Interest Rate 8.42% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,111,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,111,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,424,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

2,424,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

4,036,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

4,036,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,690,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,689,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC (Revolver) Software Maturity 09/30/26

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[39]}

424,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[39]}

685,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Colonnade Intermediate, LLC Software Maturity 09/30/2026

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[39]}

5,149,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[39]}

8,325,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

4,448,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

4,448,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

4,652,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42],[53]}

(2,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[42],[53]}

(2,000)

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[42],[53]}

8,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dentive, LLC (Revolver) Health Care Providers & Services Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25%, 4.25% PIK Floor 0.75% Maturity 12/22/28

Summary of Investment Holdings [Line Items]

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[43]}

8,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

4,533,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,701,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

680,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

903,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC (Second Out) Professional Services Interest Rate 8.75% Reference Rate and Spread SOFR + 4.75% Floor 0.50% Maturity 02/28/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

730,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

730,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

905,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

647,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

651,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Dodge Data & Analytics LLC Professional Services Interest Rate 10.25% Reference Rate and Spread SOFR + 6.25% Floor 0.50% Maturity 01/31/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

657,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

657,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

653,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

4,122,000

Fair Value, Ending Balance

3,950,000

^{[7],[8],[9],[10],[11],[12],[38]}

4,122,000

^{[1],[2],[3],[4],[5],[6],[44],[53]}

Principal

4,823,000

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,835,000

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,000,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

2,022,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan A Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

2,014,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

2,014,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

2,022,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan B Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

1,252,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

1,265,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan B Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

1,260,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

1,260,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

1,265,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan C Food Products Interest Rate 9.15% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

709,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

717,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Florida Food Products, LLC First Lien, Term Loan C Food Products Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50% Floor 2.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

714,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

714,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

717,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,939,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,950,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt GP Midco, LLC (Beauty by Imagination) Personal Care Products Interest Rate 8.90% Reference Rate and Spread SOFR + 5.00% Maturity 11/01/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

3,948,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

3,948,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

3,960,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

39,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

54,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. (Revolver) Household Products Interest Rate 12.72% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Maturity 12/31/26

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[53]}

39,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[53]}

39,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[53]}

52,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

4,726,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

6,529,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Global Integrated Flooring Systems Inc. Household Products Interest Rate 12.99% Reference Rate and Spread SOFR + 9.00%, 6.00% PIK Maturity 12/31/26

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[53]}

4,747,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[53]}

4,747,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[53]}

6,430,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[53]}

3,713,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[53]}

3,713,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[53]}

6,374,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

3,715,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

6,518,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan B Software Maturity 06/21/26

Summary of Investment Holdings [Line Items]

Principal

^{[1],[2],[3],[4],[5],[6],[30],[40],[53]}

3,825,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt HDC/HW Intermediate Holdings, LLC - Term Loan B Software Maturity 06/22/26

Summary of Investment Holdings [Line Items]

Principal

^{[7],[8],[9],[10],[11],[12],[29],[39]}

3,849,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

1,242,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

1,436,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Help Systems Holdings, Inc. Technology Hardware, Storage & Peripherals Interest Rate 9.97% Reference Rate and Spread SOFR + 6.00% Floor 2.00% Maturity 05/19/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

1,308,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

1,308,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

1,440,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

6,895,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

6,895,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

6,868,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt IDC Infusion Services LLC Health Care Providers & Services Interest Rate 8.70% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/09/29

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

6,869,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

6,851,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

733,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

733,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

673,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

992,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 8.64% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 06/01/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

831,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

831,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

994,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

761,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

761,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

735,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

1,744,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

1,744,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC (Revolver) Diversified Consumer Services Interest Rate 10.75% Reference Rate and Spread SOFR + 6.75% Floor 1.00% Maturity 10/06/26

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[53]}

1,720,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[53]}

1,720,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[53]}

1,744,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

19,257,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

19,257,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Keg Logistics LLC Diversified Consumer Services Interest Rate 10.73% Reference Rate and Spread SOFR + 6.75%, 0.50% PIK Floor 1.00% Maturity 10/06/26

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

18,817,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

18,817,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

19,078,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Live Comfortably Inc. Household Durables Interest Rate 6.83% Reference Rate and Spread SOFR + 3.00% Floor 2.00% Maturity 09/20/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

5,952,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

5,952,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

6,239,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

3,580,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44],[53]}

3,580,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

3,584,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MAG DS Corp. Aerospace & Defense Interest Rate 9.30% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 04/01/27

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,568,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,574,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt MSM Acquisitions, Inc. Software Interest Rate 9.67% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 12/09/26

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

8,170,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

9,978,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44],[53]}

2,230,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44],[53]}

2,230,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44],[53]}

2,360,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

2,292,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

2,354,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Money Transfer Acquisition Inc. Financial Services Interest Rate 12.02% Reference Rate and Spread SOFR + 8.25% Floor 1.00% Maturity 12/14/27

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

13,775,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

13,844,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Revolver) IT Services Interest Rate 11.81% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37]}

387,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37]}

400,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Term Loan A) IT Services Interest Rate 11.82% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

4,633,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

4,954,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Morae Global Corporation (Term Loan B) IT Services Interest Rate 11.81% Reference Rate and Spread SOFR + 8.00% Floor 2.00% Maturity 10/31/28

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,715,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

2,785,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Netwrix Corporation Software Interest Rate 8.17% Reference Rate and Spread SOFR + 4.50% Floor 0.75% Maturity 06/11/29

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

4,121,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,194,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Newbury Franklin Industrials, LLC Trading Companies & Distributors Interest Rate 10.62% Reference Rate and Spread SOFR + 7.00% Floor 2.00% Maturity 12/11/29

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

5,991,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

6,091,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

6,875,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

6,875,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt One Stop Mailing LLC Ground Transportation Interest Rate 10.08% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 04/29/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

7,352,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

7,352,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

7,352,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,301,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,301,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,310,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Orthopaedic (ITC) Buyer, LLC Health Care Providers & Services Interest Rate 8.70% Reference Rate and Spread SOFR + 5.00% Floor 1.00% Maturity 07/31/28

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,304,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

2,304,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(2,000)

Fair Value, Ending Balance

(2,000)

^{[7],[8],[9],[10],[11],[12],[37],[43]}

(2,000)

^{[1],[2],[3],[4],[5],[6],[41],[42]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,770,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,770,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,796,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PMA Parent Holdings LLC Capital Markets Interest Rate 8.45% Reference Rate and Spread SOFR + 4.75% Floor 0.75% Maturity 01/31/31

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,771,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

2,796,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,834,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

2,945,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PVHC Holding Corp Containers & Packaging Interest Rate 7.82% Reference Rate and Spread SOFR + 4.00% Floor 2.50% Maturity 02/17/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,568,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,568,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,725,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

1,784,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

1,825,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt PhyNet Dermatology LLC Health Care Providers & Services Interest Rate 10.38% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/20/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,759,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,759,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

1,799,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

1,329,000

Fair Value, Ending Balance

1,265,000

^{[7],[8],[9],[10],[11],[12]}

1,329,000

^{[1],[2],[3],[4],[5],[6]}

Principal

1,474,000

^{[7],[8],[9],[10],[11],[12],[29]}

1,452,000

^{[1],[2],[3],[4],[5],[6],[30]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

5,018,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

5,018,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

5,981,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Premier Imaging, LLC Health Care Equipment & Supplies Interest Rate 9.96% Reference Rate and Spread SOFR + 6.00% Floor 1.00% Maturity 10/31/27

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

4,887,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,612,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,431,000

Fair Value, Ending Balance

2,029,000

^{[7],[8],[9],[10],[11],[12],[38]}

2,431,000

^{[1],[2],[3],[4],[5],[6],[44]}

Principal

3,726,000

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,736,000

^{[1],[2],[3],[4],[5],[6],[30],[44]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,536,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,622,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 9.19% Reference Rate and Spread SOFR + 5.25% Floor 0.50% Maturity 07/20/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,878,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,878,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

5,637,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

2,461,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

2,461,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[44]}

2,461,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt RN Enterprises, LLC Health Care Technology Interest Rate 9.06% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/17/31

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

2,592,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

2,600,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

5,447,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

5,447,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

5,469,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Radius Aerospace, Inc. Aerospace & Defense Interest Rate 9.85% Reference Rate and Spread SOFR + 6.00%, 0.25% PIK Floor 1.00% Maturity 03/29/27

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

5,434,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,451,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

324,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

324,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Red Range Intermediate Inc. Industrial Conglomerates Interest Rate 11.99% Reference Rate and Spread SOFR + 8.00% Floor 1.00% Maturity 10/01/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

324,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6]}

324,000

Principal

^{[1],[2],[3],[4],[5],[6],[30]}

324,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

3,234,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6]}

3,234,000

Principal

^{[1],[2],[3],[4],[5],[6],[30]}

3,980,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Resolute Investment Managers, Inc. Capital Markets Interest Rate 10.46% Reference Rate and Spread SOFR + 6.50% Floor 1.00% Maturity 10/30/28

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,186,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,970,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[40],[44]}

856,000

Fair Value, Ending Balance

59,000

^{[7],[8],[9],[10],[11],[12],[38],[39]}

856,000

^{[1],[2],[3],[4],[5],[6],[40],[44]}

Principal

2,972,000

^{[7],[8],[9],[10],[11],[12],[29],[38],[39]}

2,923,000

^{[1],[2],[3],[4],[5],[6],[30],[40],[44]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[40],[44]}

96,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[40],[44]}

96,000

Principal

2,215,000

^{[7],[8],[9],[10],[11],[12],[29],[38],[39]}

2,181,000

^{[1],[2],[3],[4],[5],[6],[30],[40],[44]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(1,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(1,000)

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

1,694,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

1,694,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Shepherd Parent Holdings, LLC Health Care Providers & Services Interest Rate 11.18% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 07/10/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

1,770,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

1,770,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[44]}

1,776,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

3,312,000

Fair Value, Ending Balance

3,348,000

^{[7],[8],[9],[10],[11],[12]}

3,312,000

^{[1],[2],[3],[4],[5],[6]}

Principal

3,600,000

^{[7],[8],[9],[10],[11],[12],[29]}

3,600,000

^{[1],[2],[3],[4],[5],[6],[30]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

1,259,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

1,411,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spark Buyer, LLC Electrical Equipment Interest Rate 9.13% Reference Rate and Spread SOFR + 5.25% Floor 0.75% Maturity 10/15/31

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

1,271,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

1,271,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[44]}

1,414,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37]}

79,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37]}

88,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(9,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[42]}

(9,000)

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,004,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,063,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Spinrite, Inc. Leisure Products Interest Rate 11.26% Reference Rate and Spread SOFR + 7.50% Maturity 12/05/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

3,001,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

3,001,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

3,063,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Sundance Holdings Group, LLC Specialty Retail Maturity 06/30/25

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[40]}

57,000

Fair Value, Ending Balance

59,000

^{[7],[8],[9],[10],[11],[12],[39]}

57,000

^{[1],[2],[3],[4],[5],[6],[40]}

Principal

6,717,000

^{[7],[8],[9],[10],[11],[12],[29],[39]}

6,689,000

^{[1],[2],[3],[4],[5],[6],[30],[40]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

4,071,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,071,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Synamedia Americas Holdings, Inc. Interactive Media & Services Interest Rate 9.92% Reference Rate and Spread SOFR + 6.25% Floor 1.00% Maturity 12/05/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

10,222,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

10,222,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

10,222,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37],[38]}

4,180,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37],[38]}

4,250,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Tactical Air Support, Inc. Aerospace & Defense Interest Rate 11.52% Reference Rate and Spread SOFR + 7.50% Floor 1.00% Maturity 12/22/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

4,265,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[41],[44]}

4,265,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[41],[44]}

4,307,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[27],[37],[38]}

604,000

Principal

^{[7],[8],[9],[10],[11],[12],[27],[29],[37],[38]}

610,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited (Revolver) Electronic Equipment, Instruments & Components Interest Rate 11.03% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[23],[41],[44]}

603,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[23],[41],[44]}

603,000

Principal

^{[1],[2],[3],[4],[5],[6],[23],[30],[41],[44]}

610,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[23],[44]}

2,266,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[23],[44]}

2,266,000

Principal

^{[1],[2],[3],[4],[5],[6],[23],[30],[44]}

2,290,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas Group Holdings Limited Electronic Equipment, Instruments & Components Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[27],[38]}

2,261,000

Principal

^{[7],[8],[9],[10],[11],[12],[27],[29],[38]}

2,284,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,613,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,613,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

1,631,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Taoglas USA Holdings Inc. Electronic Equipment, Instruments & Components Interest Rate 10.95% Reference Rate and Spread SOFR + 7.25% Floor 1.00% Maturity 02/28/29

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

1,611,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

1,627,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[37]}

619,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[37]}

635,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) (Revolver) Health Care Providers & Services Interest Rate 10.46% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

887,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6]}

887,000

Principal

^{[1],[2],[3],[4],[5],[6],[30]}

887,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

9,902,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

10,001,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VBC Spine Opco LLC (DxTx Pain and Spine LLC) Health Care Providers & Services Interest Rate 10.49% Reference Rate and Spread SOFR + 6.50% Floor 2.00% Maturity 06/14/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

6,520,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

6,520,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

6,520,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

10,272,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

10,375,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt VTX Intermediate Holdings, Inc. IT Services Interest Rate 11.98% Reference Rate and Spread SOFR + 8.00%, 1.00% PIK Floor 2.00% Maturity 12/12/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

10,220,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

10,220,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

10,349,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

1,950,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

1,985,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

$ 1,977,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,977,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

$ 1,990,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units 4L Ultimate Topco Corporation Commercial Services & Supplies

Summary of Investment Holdings [Line Items]

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

321

^[32],[34]

321

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units AAPC Holdings, LLC Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[32],[34]}

$ 415,000

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[31],[33],[47]}

248,474

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units AAPC Holdings, LLC Health Care Providers & Services Interest Rate 18.00% PIK

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[31],[33],[47]}

$ 488,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[31],[33],[47]}

$ 488,000

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[31],[33],[47]}

248,474

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Aperture Dodge 18 LLC Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

3,235,000

Fair Value, Ending Balance

$ 3,433,000

^{[7],[8],[9],[10],[11],[12]}

$ 3,235,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

5,175,271

5,163,101

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units BMP Slappey Holdco, LLC Diversified Telecommunication Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[35]}

$ 793,000

Fair Value, Ending Balance

$ 794,000

^{[7],[8],[9],[10],[11],[12],[36]}

$ 793,000

^{[1],[2],[3],[4],[5],[6],[35]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[35]}

200,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units BMP Slappey Investment II Diversified Telecommunication Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[35]}

$ 353,000

Fair Value, Ending Balance

$ 353,000

^{[7],[8],[9],[10],[11],[12],[36]}

$ 353,000

^{[1],[2],[3],[4],[5],[6],[35]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[35]}

88,946

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[33]}

$ 1,423,000

Fair Value, Ending Balance

$ 1,400,000

^{[7],[8],[9],[10],[11],[12],[34]}

$ 1,423,000

^{[1],[2],[3],[4],[5],[6],[33]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[33]}

1,192,259

1,185,909

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Middle West Spirits, LLC Beverages Interest Rate 10.00% PIK

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[47]}

$ 1,079,000

Fair Value, Ending Balance

$ 1,088,000

^{[7],[8],[9],[10],[11],[12],[48]}

$ 1,079,000

^{[1],[2],[3],[4],[5],[6],[47]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[47]}

964,116

940,522

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Prosper Marketplace Household Products

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[54]}

$ 324,000

Fair Value, Ending Balance

$ 324,000

^{[7],[8],[9],[10],[11],[12],[55]}

$ 324,000

^{[1],[2],[3],[4],[5],[6],[54]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30],[54]}

912,865

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Preferred Stock and Units Taylor Precision Products, Inc. - Series C Household Products

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 758,000

Fair Value, Ending Balance

$ 758,000

^{[7],[8],[9],[10],[11],[12]}

$ 758,000

^{[1],[2],[3],[4],[5],[6]}

Investment in number of units

^{[1],[2],[3],[4],[5],[6],[30]}

379

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[34],[48]}

$ 990,000

Investment in number of units

^{[7],[8],[9],[10],[11],[12],[29],[34],[48]}

1,000,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

$ 13,151,000

Fair Value, Ending Balance

13,674,000

^{[7],[8],[9],[10],[11],[12]}

$ 13,151,000

^{[1],[2],[3],[4],[5],[6]}

Principal

13,828,000

^{[7],[8],[9],[10],[11],[12],[29]}

13,351,000

^{[1],[2],[3],[4],[5],[6],[30]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt BLST Operating Company, LLC Broadline Retail Maturity 01/31/26

Summary of Investment Holdings [Line Items]

Principal

^{[1],[2],[3],[4],[5],[6],[30],[40],[44]}

1,314,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt BLST Operating Company, LLC Broadline Retail Maturity 05/06/26

Summary of Investment Holdings [Line Items]

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38],[39]}

1,352,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,535,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

4,272,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Confluence Technologies, Inc. Software Interest Rate 10.50% Reference Rate and Spread SOFR + 6.50%, 6.50% PIK Floor 0.50% Maturity 07/30/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

3,517,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

3,517,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

4,200,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

4,172,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,400,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Dcert Buyer, Inc. Software Interest Rate 10.72% Reference Rate and Spread SOFR + 7.00% Maturity 02/16/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,887,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,887,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

5,400,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,627,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,578,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan A Food Products Interest Rate 9.05% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,545,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,545,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

3,560,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan B Food Products Interest Rate 8.65% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

2,342,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

3,189,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Florida Food Products, LLC Second Lien, Term Loan B Food Products Interest Rate 9.05% Reference Rate and Spread SOFR + 5.00%, 2.00% PIK Floor 1.00% Maturity 10/15/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,269,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

2,269,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

3,173,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,781,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

1,781,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

2,024,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,204,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

9,090,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Ivanti Software, Inc. Software Interest Rate 11.40% Reference Rate and Spread SOFR + 7.25% Floor 0.50% Maturity 06/01/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

3,800,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

3,800,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

9,090,000

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

3,075,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

5,000,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Second Lien/Senior Secured Debt Project Leopard Holdings, Inc. Software Interest Rate 11.59% Reference Rate and Spread SOFR + 7.75% Floor 0.50% Maturity 07/20/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,475,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

4,475,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

5,000,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

1,888,000

Fair Value, Ending Balance

1,953,000

^{[7],[8],[9],[10],[11],[12]}

1,888,000

^{[1],[2],[3],[4],[5],[6]}

Principal

2,004,000

^{[7],[8],[9],[10],[11],[12],[29]}

1,941,000

^{[1],[2],[3],[4],[5],[6],[30]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

1,025,000

Fair Value, Ending Balance

1,025,000

^{[7],[8],[9],[10],[11],[12]}

1,025,000

^{[1],[2],[3],[4],[5],[6]}

Principal

1,030,000

^{[7],[8],[9],[10],[11],[12],[29]}

1,030,000

^{[1],[2],[3],[4],[5],[6],[30]}

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12],[38]}

19,250,000

Principal

^{[7],[8],[9],[10],[11],[12],[29],[38]}

19,250,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Eastport Holdings, LLC Commercial Services & Supplies Interest Rate 12.55% Reference Rate and Spread SOFR + 8.50% Floor 1.00% Maturity 09/29/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[44]}

19,250,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6],[44]}

19,250,000

Principal

^{[1],[2],[3],[4],[5],[6],[30],[44]}

19,250,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Lucky Bucks Holdings LLC Hotels, Restaurants & Leisure Maturity 05/29/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6],[40]}

1,697,000

Fair Value, Ending Balance

1,697,000

^{[7],[8],[9],[10],[11],[12],[39]}

1,697,000

^{[1],[2],[3],[4],[5],[6],[40]}

Principal

8,762,000

^{[7],[8],[9],[10],[11],[12],[29],[39]}

8,762,000

^{[1],[2],[3],[4],[5],[6],[30],[40]}

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Tubular Textile Machinery, Inc. Machinery Interest Rate 5.00% Maturity 10/29/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[5],[6]}

3,367,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[5],[6]}

3,367,000

Principal

^{[1],[2],[3],[4],[5],[6],[30]}

5,224,000

Investment, Identifier [Axis]: Investments in Non-Control, Non-Affiliate Portfolio Companies Subordinated Debt Tubular Textile Machinery, Inc. Machinery Interest Rate 5.00% PIK Maturity 10/29/27

Summary of Investment Holdings [Line Items]

Fair Value, Ending Balance

^{[7],[8],[9],[10],[11],[12]}

2,495,000

Principal

^{[7],[8],[9],[10],[11],[12],[29]}

5,289,000

Investment, Identifier [Axis]: Non Controlled Affiliated Investments [Member]

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

80,585,000

^[14]

64,384,000

^[17]

64,384,000

^[17]

Purchases/ (sales) of or Advances/ (Distributions)

8,214,000

^[14]

(6,992,000)

^[17],[56]

Net Accretion

890,000

^[14]

1,832,000

^[17],[56]

Transfers In (Out) of Affiliates

^[17],[56]

26,362,000

Net Change in Unrealized Gain/(Loss)

(2,318,000)

^[14]

(5,235,000)

^[17],[56]

Realized Gain/(Loss)

(0)

^[14]

234,000

^[17],[56]

Fair Value, Ending Balance

^[14]

87,371,000

80,585,000

^[56]

Interest and Fee Income

1,841,000

^[14]

4,473,000

^[17],[56]

Total dividend income

1,047,000

^[14]

4,327,000

^[17],[56]

Investment, Identifier [Axis]: Non Controlled Affiliated and Controlled Investments [Member]

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

91,240,000

^[14]

77,399,000

^[17]

77,399,000

^[17]

Purchases/ (sales) of or Advances/ (Distributions)

8,100,000

^[14]

(7,889,000)

^[17]

Net Accretion

890,000

^[14]

1,832,000

^[17]

Transfers In (Out) of Affiliates

^[17]

26,362,000

Net Change in Unrealized Gain/(Loss)

(3,915,000)

^[14]

(506,000)

^[17]

Realized Gain/(Loss)

(0)

^[14]

(5,958,000)

^[17]

Fair Value, Ending Balance

^[14]

96,315,000

91,240,000

Interest and Fee Income

1,841,000

^[14]

4,473,000

^[17]

Total dividend income

1,047,000

^[14]

4,327,000

^[17]

Summary of Investment Holdings [Line Items]

Principal

^[14],[57]

20,964,483,000

Summary of Investment Holdings [Line Items]

Principal

^{[17],[20],[57]}

20,964,483,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[14],[57]

5,084,000

Purchases/ (sales) of or Advances/ (Distributions)

^[57]

76,000

^[14]

1,456,000

^[17]

Net Accretion

^[57]

846,000

^[14]

1,674,000

^[17]

Transfers In (Out) of Affiliates

^[17],[57]

3,040,000

Net Change in Unrealized Gain/(Loss)

^[57]

(1,114,000)

^[14]

(1,086,000)

^[17]

Fair Value, Ending Balance

^[14],[57]

4,892,000

5,084,000

Principal

^[57]

8,019,000

^[14]

7,943,000

^[17]

Interest and Fee Income

^[57]

1,062,000

^[14]

2,059,000

^[17]

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[17],[20],[56]}

557,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

(467,000)

Net Change in Unrealized Gain/(Loss)

^{[17],[20],[56]}

(90,000)

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[17],[20],[56]}

248,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

(208,000)

Net Change in Unrealized Gain/(Loss)

^{[17],[20],[56]}

(40,000)

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[57],[58]}

2,333,000

Net Change in Unrealized Gain/(Loss)

^{[14],[57],[58]}

1,234,000

Fair Value, Ending Balance

^{[14],[57],[58]}

3,567,000

2,333,000

Principal

^{[14],[57],[58]}

1,253,198,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[57],[58]}

2,144,000

Net Change in Unrealized Gain/(Loss)

^{[14],[57],[58]}

195,000

Fair Value, Ending Balance

^{[14],[57],[58]}

2,339,000

2,144,000

Principal

^{[14],[57],[58]}

1,085,073,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Burgaflex Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Automobile Components

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[17],[20],[56]}

2,333,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

2,656,000

Net Change in Unrealized Gain/(Loss)

^{[17],[20],[56]}

(323,000)

Fair Value, Ending Balance

^{[17],[20],[56]}

2,333,000

Principal

^{[17],[20],[56]}

1,253,198,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Burgaflex Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Automobile Components One

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[17],[20],[56]}

2,144,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

1,883,000

Net Change in Unrealized Gain/(Loss)

^{[17],[20],[56]}

261,000

Fair Value, Ending Balance

^{[17],[20],[56]}

2,144,000

Principal

^{[17],[20],[56]}

1,085,073,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Datalink, LLC (Revolver) Type of Investment First Lien Debt Industry Classification Health Care Technology

Summary of Investment Holdings [Line Items]

Net Change in Unrealized Gain/(Loss)

^{[14],[57],[59]}

(79,000)

Fair Value, Ending Balance

^{[14],[57],[59]}

(79,000)

Investment, Identifier [Axis]: Non-controlled affiliated investments Datalink, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Technology

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^{[14],[57],[58]}

2,151,000

Net Change in Unrealized Gain/(Loss)

^{[14],[57],[58]}

(823,000)

Fair Value, Ending Balance

^{[14],[57],[58]}

1,328,000

Principal

^{[14],[57],[58]}

4,928,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Datalink, LLC Type of Investment First Lien Debt Industry Classification Health Care Technology

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^[14],[57]

2,549,000

Net Accretion

^[14],[57]

3,000

Net Change in Unrealized Gain/(Loss)

^[14],[57]

(440,000)

Fair Value, Ending Balance

^[14],[57]

2,112,000

Principal

^[14],[57]

2,779,000

Interest and Fee Income

^[14],[57]

45,000

Investment, Identifier [Axis]: Non-controlled affiliated investments EBSC Holdings LLC (Riddell, Inc.) Type of Investment Preferred Stock and Units Industry Classification Leisure Products

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

4,012,000

^[14],[58]

2,375,000

^[17],[20]

2,375,000

^[17],[20]

Purchases/ (sales) of or Advances/ (Distributions)

89,000

^[14],[58]

283,000

^{[17],[20],[56]}

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

1,137,000

Net Change in Unrealized Gain/(Loss)

69,000

^[14],[58]

217,000

^{[17],[20],[56]}

Fair Value, Ending Balance

^[14],[58]

4,170,000

4,012,000

^[56]

Principal

3,654,000

^[14],[58]

3,566,000

^{[17],[20],[56]}

Interest and Fee Income

87,000

^[14],[58]

284,000

^{[17],[20],[56]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

700,000

^{[14],[57],[58]}

500,000

^{[17],[20],[56]}

500,000

^{[17],[20],[56]}

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

176,000

Net Change in Unrealized Gain/(Loss)

35,000

^{[14],[57],[58]}

24,000

^{[17],[20],[56]}

Fair Value, Ending Balance

^{[14],[57],[58]}

735,000

700,000

Principal

1,400,000

^{[14],[57],[58]}

1,400,000

^{[17],[20],[56]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

3,074,000

^{[14],[57],[58]}

2,202,000

^{[17],[20],[56]}

2,202,000

^{[17],[20],[56]}

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

773,000

Net Change in Unrealized Gain/(Loss)

23,000

^{[14],[57],[58]}

99,000

^{[17],[20],[56]}

Fair Value, Ending Balance

^{[14],[57],[58]}

3,097,000

3,074,000

Principal

8,977,000

^{[14],[57],[58]}

8,977,000

^{[17],[20],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments HR Pharmaceuticals, LLC (Revolver) Type of Investment First Lien Debt Industry Classification Health Care Equipment & Supplies

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^{[14],[57],[59]}

28,000

Net Change in Unrealized Gain/(Loss)

^{[14],[57],[59]}

(1,000)

Fair Value, Ending Balance

^{[14],[57],[59]}

27,000

Principal

^{[14],[57],[59]}

34,000

Interest and Fee Income

^{[14],[57],[59]}

1,000

Investment, Identifier [Axis]: Non-controlled affiliated investments HR Pharmaceuticals, LLC Type of Investment First Lien Debt Industry Classification Health Care Equipment & Supplies

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^[14],[57]

2,708,000

Net Accretion

^[14],[57]

2,000

Net Change in Unrealized Gain/(Loss)

^[14],[57]

(2,000)

Fair Value, Ending Balance

^[14],[57]

2,708,000

Principal

^[14],[57]

2,773,000

Interest and Fee Income

^[14],[57]

59,000

Investment, Identifier [Axis]: Non-controlled affiliated investments HR Pharmaceuticals, LLC Type of Investment Preferred Stock and Units Industry Classification Health Care Equipment & Supplies

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^{[14],[57],[58]}

500,000

Fair Value, Ending Balance

^{[14],[57],[58]}

500,000

Principal

^{[14],[57],[58]}

500,000,000

Interest and Fee Income

^{[14],[57],[58]}

12,000

Investment, Identifier [Axis]: Non-controlled affiliated investments JMP Credit Advisors CLO IV LTD Type of Investment Collateralized Loan Obligations Industry Classification CLO Fund Securities

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

121,000

^{[14],[15],[16]}

725,000

^{[17],[18],[19]}

725,000

^{[17],[18],[19]}

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[18],[19],[56]}

(520,000)

Transfers In (Out) of Affiliates

^{[17],[18],[19],[56]}

229,000

Net Change in Unrealized Gain/(Loss)

(34,000)

^{[14],[15],[16]}

(313,000)

^{[17],[18],[19],[56]}

Fair Value, Ending Balance

^{[14],[15],[16]}

87,000

121,000

^[56]

Principal

26,298,000

^{[14],[15],[16]}

26,298,000

^{[17],[18],[19],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments JMP Credit Advisors CLO V LTD Type of Investment Collateralized Loan Obligations Industry Classification CLO Fund Securities

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

1,556,000

^{[14],[15],[16]}

1,467,000

^{[17],[18],[19]}

1,467,000

^{[17],[18],[19]}

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[18],[19],[56]}

(656,000)

Transfers In (Out) of Affiliates

^{[17],[18],[19],[56]}

320,000

Net Change in Unrealized Gain/(Loss)

47,000

^{[14],[15],[16]}

517,000

^{[17],[18],[19],[56]}

Realized Gain/(Loss)

^{[17],[18],[19],[56]}

(92,000)

Fair Value, Ending Balance

^{[14],[15],[16]}

1,603,000

1,556,000

^[56]

Principal

24,394,000

^{[14],[15],[16]}

24,394,000

^{[17],[18],[19],[56]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

250,000

^{[14],[57],[58]}

1,420,000

^{[17],[20],[56]}

1,420,000

^{[17],[20],[56]}

Net Change in Unrealized Gain/(Loss)

^{[17],[20],[56]}

(1,170,000)

Fair Value, Ending Balance

^{[14],[57],[58]}

250,000

Principal

250,000,000

^{[14],[57],[58]}

250,000,000

^{[17],[20],[56]}

Interest and Fee Income

^{[17],[20],[56]}

83,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Equipment & Services

Summary of Investment Holdings [Line Items]

Principal

^{[17],[20],[56]}

45,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Common Stock and Membership Units Industry Classification Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Principal

^{[14],[57],[58]}

45,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment First Lien/Senior Secured Debt Industry Classification Health Care Equipment & Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[17],[56]

4,632,000

Transfers In (Out) of Affiliates

^[17],[56]

4,016,000

Net Change in Unrealized Gain/(Loss)

^[17],[56]

616,000

Fair Value, Ending Balance

^[17],[56]

4,632,000

Principal

^[17],[56]

5,030,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment First Lien/Senior Secured Debt Industry Classification Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[14],[57]

4,632,000

Purchases/ (sales) of or Advances/ (Distributions)

^[14],[57]

183,000

Net Change in Unrealized Gain/(Loss)

^[14],[57]

(99,000)

Fair Value, Ending Balance

^[14],[57]

4,716,000

4,632,000

Principal

^[14],[57]

5,215,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Preferred Stock and Units Industry Classification Health Care Equipment & Services

Summary of Investment Holdings [Line Items]

Principal

^{[17],[20],[56]}

1,000,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Preferred Stock and Units Industry Classification Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Principal

^{[14],[57],[58]}

1,000,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Health Care Equipment & Services

Summary of Investment Holdings [Line Items]

Transfers In (Out) of Affiliates

^[17],[56]

341,000

Net Change in Unrealized Gain/(Loss)

^[17],[56]

(341,000)

Principal

^[17],[56]

480,000

Investment, Identifier [Axis]: Non-controlled affiliated investments MMI Holdings, LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Health Care Providers & Services

Summary of Investment Holdings [Line Items]

Principal

^[14],[57]

480,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC - Class O Preferred Type of Investment Preferred Stock and Units Industry Classification Metals & Mining

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

280,000

^{[14],[57],[58]}

1,160,000

^{[17],[20],[56]}

1,160,000

^{[17],[20],[56]}

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[20],[56]}

495,000

Net Change in Unrealized Gain/(Loss)

(158,000)

^{[14],[57],[58]}

(1,375,000)

^{[17],[20],[56]}

Fair Value, Ending Balance

^{[14],[57],[58]}

122,000

280,000

Principal

5,445,000,000

^{[14],[57],[58]}

5,445,000

^{[17],[20],[56]}

Interest and Fee Income

^{[17],[20],[56]}

127,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC - Preferred Type of Investment Preferred Stock and Units Industry Classification Metals & Mining

Summary of Investment Holdings [Line Items]

Principal

^{[17],[20],[56]}

2,368,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Metals & Mining

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

3,483,000

^[14],[57]

3,443,000

^[17],[56]

3,443,000

^[17],[56]

Net Change in Unrealized Gain/(Loss)

39,000

^[14],[57]

40,000

^[17],[56]

Fair Value, Ending Balance

^[14],[57]

3,522,000

3,483,000

Principal

4,500,000

^[14],[57]

4,500,000

^[17],[56]

Interest and Fee Income

90,000

^[14],[57]

365,000

^[17],[56]

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC Type of Investment Second Lien/Senior Secured Debt Industry Classification Metals & Mining One

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

387,000

^[14],[57]

500,000

^[17],[56]

500,000

^[17],[56]

Net Change in Unrealized Gain/(Loss)

4,000

^[14],[57]

(113,000)

^[17],[56]

Fair Value, Ending Balance

^[14],[57]

391,000

387,000

Principal

500,000

^[14],[57]

500,000

^[17],[56]

Interest and Fee Income

10,000

^[14],[57]

22,000

^[17],[56]

Investment, Identifier [Axis]: Non-controlled affiliated investments Northeast Metal Works LLC – Preferred Type of Investment Preferred Stock and Units Industry Classification Metals & Mining

Summary of Investment Holdings [Line Items]

Principal

^{[14],[57],[58]}

2,368,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

(13,000)

^[14],[59]

(10,000)

^[17],[60]

(10,000)

^[17],[60]

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[56],[60]}

1,000

Net Change in Unrealized Gain/(Loss)

(4,000)

^[14],[59]

(4,000)

^{[17],[56],[60]}

Fair Value, Ending Balance

^[14],[59]

(17,000)

(13,000)

^[56]

Interest and Fee Income

^{[17],[56],[60]}

1,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

1,855,000

^[14],[59]

1,529,000

^[17],[60]

1,529,000

^[17],[60]

Purchases/ (sales) of or Advances/ (Distributions)

(5,000)

^[14],[59]

327,000

^{[17],[56],[60]}

Net Accretion

3,000

^[14],[59]

14,000

^{[17],[56],[60]}

Net Change in Unrealized Gain/(Loss)

(46,000)

^[14],[59]

(15,000)

^{[17],[56],[60]}

Fair Value, Ending Balance

^[14],[59]

1,807,000

1,855,000

^[56]

Principal

1,999,000

^[14],[59]

2,005,000

^{[17],[56],[60]}

Interest and Fee Income

64,000

^[14],[59]

237,000

^{[17],[56],[60]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Phoenix Aviation Capital, LLC Type of Investment Common Stock and Membership Units Industry Classification Aerospace & Defense

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[56],[58]}

242,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

387,000

Net Change in Unrealized Gain/(Loss)

91,000

^[14],[58]

(145,000)

^{[17],[20],[56]}

Fair Value, Ending Balance

^[14],[58]

333,000

242,000

^[56]

Principal

4,000

^[14],[58]

4,000

^{[17],[20],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Phoenix Aviation Capital, LLC Type of Investment First Lien/Senior Secured Debt Industry Classification Aerospace & Defense

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^[17],[56]

(2,964,000)

Transfers In (Out) of Affiliates

^[17],[56]

2,964,000

Interest and Fee Income

^[17],[56]

46,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Phoenix Aviation Capital, LLC Type of Investment Preferred Stock and Units Industry Classification Aerospace & Defense

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[57],[58]}

1,130,000

Purchases/ (sales) of or Advances/ (Distributions)

23,000

^{[14],[57],[58]}

61,000

^{[17],[20],[56]}

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

1,025,000

Net Change in Unrealized Gain/(Loss)

(45,000)

^{[14],[57],[58]}

44,000

^{[17],[20],[56]}

Fair Value, Ending Balance

^{[14],[57],[58]}

1,108,000

1,130,000

Principal

1,304,086,000

^{[14],[57],[58]}

1,281,657,000

^{[17],[20],[56]}

Interest and Fee Income

22,000

^{[14],[57],[58]}

61,000

^{[17],[20],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Princeton Medspa Partners, LLC - Put Option Type of Investment Derivatives Industry Classification Diversified Consumer Services

Summary of Investment Holdings [Line Items]

Principal

1,000,000,000

^{[14],[16],[58]}

1,000,000,000

^{[17],[19],[20],[56]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

10,000

^[14],[58]

28,000

^[17],[20]

28,000

^[17],[20]

Net Change in Unrealized Gain/(Loss)

(5,000)

^[14],[58]

(18,000)

^{[17],[20],[56]}

Fair Value, Ending Balance

^[14],[58]

5,000

10,000

^[56]

Principal

^[14],[58]

^{[17],[20],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Princeton Medspa Partners, LLC Type of Investment Preferred Stock and Units Industry Classification Diversified Consumer Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

676,000

^[14],[58]

859,000

^[17],[20]

859,000

^[17],[20]

Purchases/ (sales) of or Advances/ (Distributions)

37,000

^[14],[58]

139,000

^{[17],[20],[56]}

Net Change in Unrealized Gain/(Loss)

(121,000)

^[14],[58]

(322,000)

^{[17],[20],[56]}

Fair Value, Ending Balance

^[14],[58]

592,000

676,000

^[56]

Principal

1,240,051,000

^[14],[58]

1,202,973,000

^{[17],[20],[56]}

Interest and Fee Income

37,000

^[14],[58]

141,000

^{[17],[20],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments Riddell, Inc. Type of Investment First Lien/Senior Secured Debt Industry Classification Leisure Products

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^[56]

9,307,000

^[14]

6,243,000

^[17]

6,243,000

^[17]

Purchases/ (sales) of or Advances/ (Distributions)

(125,000)

^[14]

(369,000)

^[17],[56]

Net Accretion

36,000

^[14]

83,000

^[17],[56]

Transfers In (Out) of Affiliates

^[17],[56]

3,006,000

Net Change in Unrealized Gain/(Loss)

(37,000)

^[14]

344,000

^[17],[56]

Fair Value, Ending Balance

^[14]

9,181,000

9,307,000

^[56]

Principal

9,181,000

^[14]

9,306,000

^[17],[56]

Interest and Fee Income

261,000

^[14]

887,000

^[17],[56]

Investment, Identifier [Axis]: Non-controlled affiliated investments Series A-Great Lakes Funding II LLC Type of Investment Joint Ventures Industry Classification Joint Venture

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[17],[19],[56],[61]}

41,138,000

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[19],[56],[61]}

(2,867,000)

Transfers In (Out) of Affiliates

^{[17],[19],[56],[61]}

(37,081,000)

Net Change in Unrealized Gain/(Loss)

^{[17],[19],[56],[61]}

170,000

Realized Gain/(Loss)

^{[17],[19],[56],[61]}

(1,360,000)

Total dividend income

^{[17],[19],[56],[61]}

2,630,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Series B-Great Lakes Funding II LLC Type of Investment Joint Ventures Industry Classification Joint Venture

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[19],[57],[59],[62]}

37,510,000

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[19],[56],[60],[61]}

(183,000)

Transfers In (Out) of Affiliates

^{[17],[19],[56],[60],[61]}

40,045,000

Net Change in Unrealized Gain/(Loss)

(1,487,000)

^{[14],[57],[59],[62]}

(2,352,000)

^{[17],[19],[56],[60],[61]}

Fair Value, Ending Balance

^{[14],[57],[59],[62]}

36,023,000

37,510,000

^[19]

Principal

39,862,000

^{[14],[57],[59],[62]}

39,862,000

^{[17],[19],[56],[60],[61]}

Total dividend income

1,047,000

^{[14],[57],[59],[62]}

1,697,000

^{[17],[19],[56],[60],[61]}

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[56],[58]}

611,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

394,000

Net Change in Unrealized Gain/(Loss)

167,000

^[14],[58]

217,000

^{[17],[20],[56]}

Fair Value, Ending Balance

^[14],[58]

778,000

611,000

^[56]

Principal

27,396,364,000

^[14],[58]

27,396,364,000

^{[17],[20],[56]}

Investment, Identifier [Axis]: Non-controlled affiliated investments V12 Holdings, Inc. Type of Investment Common Stock and Membership Units Industry Classification Software

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^{[17],[20],[56]}

(1,686,000)

Realized Gain/(Loss)

^{[17],[20],[56]}

1,686,000

Investment, Identifier [Axis]: Non-controlled affiliated investments V12 Holdings, Inc. Type of Investment Second Lien/Senior Secured Debt Industry Classification Software

Summary of Investment Holdings [Line Items]

Purchases/ (sales) of or Advances/ (Distributions)

^[17],[56]

(509,000)

Net Accretion

^[17],[56]

61,000

Transfers In (Out) of Affiliates

^[17],[56]

448,000

Interest and Fee Income

^[17],[56]

128,000

Investment, Identifier [Axis]: Non-controlled affiliated investments Westshore Ram, LLC Type of Investment Preferred Stock and Units Industry Classification Financial Services

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[14],[56],[58]}

1,201,000

Transfers In (Out) of Affiliates

^{[17],[20],[56]}

1,278,000

Net Change in Unrealized Gain/(Loss)

273,000

^[14],[58]

(77,000)

^{[17],[20],[56]}

Fair Value, Ending Balance

^[14],[58]

1,474,000

1,201,000

^[56]

Principal

86,000,000

^[14],[58]

86,000,000

^{[17],[20],[56]}

Interest and Fee Income

91,000

^[14],[58]

32,000

^{[17],[20],[56]}

Investment, Identifier [Axis]: Total controlled investments

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

10,655,000

^[14],[15]

13,015,000

^[17],[18]

13,015,000

^[17],[18]

Purchases/ (sales) of or Advances/ (Distributions)

(114,000)

^[14],[15]

(897,000)

^[17],[18]

Net Change in Unrealized Gain/(Loss)

(1,597,000)

^[14],[15]

4,729,000

^[17],[18]

Realized Gain/(Loss)

^[17],[18]

(6,192,000)

Fair Value, Ending Balance

^[14],[15]

8,944,000

10,655,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

5,777,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

5,777,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

5,820,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6]}

918,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6]}

918,000

Principal

^{[1],[2],[3],[4],[6],[30]}

1,046,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt AMCP Pet Holdings, Inc. Consumer Staples Distribution & Retail Interest Rate 10.99% Reference Rate and Spread SOFR + 7.00%, 3.00% PIK Floor 1.00% Maturity 01/04/28

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

4,214,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

4,214,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

4,802,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

8,640,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

8,640,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

8,644,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

15,004,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

15,004,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

15,429,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

7,340,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

7,340,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

6,933,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

5,739,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

5,739,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

5,740,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6]}

1,393,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6]}

1,393,000

Principal

^{[1],[2],[3],[4],[6],[30]}

1,393,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Hollywood Suites Delayed Draw Term Loan) Media Interest Rate 9.43% Reference Rate and Spread SOFR + 5.50%, 9.43% PIK Floor 1.00% Maturity 11/15/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6]}

4,318,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6]}

4,318,000

Principal

^{[1],[2],[3],[4],[6],[30]}

4,318,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Anthem Sports & Entertainment Inc. (Term Loan B) Media Interest Rate 10.00% PIK Maturity 11/15/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6]}

$ 8,486,000

8,486,000

Principal

^{[1],[2],[3],[4],[6],[30]}

$ 9,278,000

Summary of Investment Holdings [Line Items]

Principal

^{[1],[2],[3],[4],[6],[30],[40]}

$ 8,783,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

5,771,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

5,771,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

5,771,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[41]}

821,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[41]}

821,000

Principal

^{[1],[2],[3],[4],[6],[30],[41]}

860,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt BetaNXT, Inc. Financial Services Interest Rate 9.42% Reference Rate and Spread SOFR + 5.75% Maturity 07/01/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

12,456,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

12,456,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

12,836,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[41],[42]}

(40,000)

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[41],[42]}

(40,000)

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Bradshaw International Parent Corp. Specialty Retail Interest Rate 9.57% Reference Rate and Spread SOFR + 5.75% Floor 1.00% Maturity 10/21/27

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

950,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

950,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

972,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[40],[44]}

1,380,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[40],[44]}

1,380,000

Principal

^{[1],[2],[3],[4],[6],[30],[40],[44]}

4,014,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt CCMG Buyer, LLC (Care Connectors Medical Group) Health Care Providers & Services Interest Rate 8.47% Reference Rate and Spread SOFR + 4.75% Floor 1.00% Maturity 05/08/30

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

3,119,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

3,119,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

3,119,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

2,424,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

2,424,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

2,424,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. (Term Loan A2) Textiles, Apparel & Luxury Goods Interest Rate 12.89% Reference Rate and Spread SOFR + 9.00%, 11.89% PIK Floor 1.00% Maturity 02/06/31

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6]}

3,917,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6]}

3,917,000

Principal

^{[1],[2],[3],[4],[6],[30]}

3,917,000

Investment, Identifier [Axis]: US-GAAP Investment, Identifier [Axis] > Investments in Non-Control, Non-Affiliate Portfolio Companies First Lien/Senior Secured Debt Centric Brands Inc. Textiles, Apparel & Luxury Goods Interest Rate 9.39% Reference Rate and Spread SOFR + 5.50% Floor 1.00% Maturity 08/06/29

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[44]}

3,689,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[44]}

3,689,000

Principal

^{[1],[2],[3],[4],[6],[30],[44]}

3,689,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[40]}

476,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[40]}

476,000

Principal

^{[1],[2],[3],[4],[6],[30],[40]}

685,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[40]}

5,816,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[40]}

5,816,000

Principal

^{[2],[3],[4],[6],[30],[40],[44]}

8,368,000

Summary of Investment Holdings [Line Items]

Fair Value, Beginning Balance

^{[1],[2],[3],[4],[6],[40],[44]}

$ 4,987,000

Fair Value, Ending Balance

^{[1],[2],[3],[4],[6],[40],[44]}

4,987,000

Principal

^{[1],[2],[3],[4],[6],[30],[40],[44]}

$ 8,261,000

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of December 31, 2025.
[4]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of March 31, 2026.
[10]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[13]	As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.
[14]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[15]	As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.
[16]	Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.
[17]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[18]	As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company.
[19]	Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.
[20]	Number of shares held.
[21]	CLO Fund Securities are entitled to periodic distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s investments less contractual payments to debt holders and fund expenses. The estimated annualized effective yield indicated is based upon a current projection of the amount and timing of these distributions. Such projections are updated on a quarterly basis and the estimated effective yield is adjusted prospectively.
[22]	Non-U.S. company or principal place of business outside the U.S.
[23]	The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of December 31, 2025, qualifying assets represent 89.7% of the Company's total assets and non-qualifying assets represent 10.3% of the Company's total assets.
[24]	Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[25]	CLO Fund Securities are entitled to periodic distributions which are generally equal to the remaining cash flow of the payments made by the underlying fund’s investments less contractual payments to debt holders and fund expenses. The estimated annualized effective yield indicated is based upon a current projection of the amount and timing of these distributions. Such projections are updated on a quarterly basis and the estimated effective yield is adjusted prospectively.
[26]	Non-U.S. company or principal place of business outside the U.S.
[27]	The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of March 31, 2026, qualifying assets represent 90.7% of the Company's total assets and non-qualifying assets represent 9.3% of the Company's total assets.
[28]	Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[29]	Par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments.
[30]	Par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments.
[31]	This investment is held by CPTA Master Blocker Inc., one of the Company’s taxable blocker subsidiaries.
[32]	This investment is held by CPTA Master Blocker Inc., one of the Company’s taxable blocker subsidiaries.
[33]	This investment is owned by PTMN Sub Holdings LLC, one of the Company’s taxable blocker subsidiaries.
[34]	This investment is owned by PTMN Sub Holdings LLC, one of the Company’s taxable blocker subsidiaries.
[35]	This investment is owned by HCAP Equity Holdings, LLC, one of the Company’s taxable blocker subsidiaries.
[36]	This investment is owned by HCAP Equity Holdings, LLC, one of the Company’s taxable blocker subsidiaries.
[37]	Debt security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.
[38]	As of March 31, 2026, all or a portion of this investment is pledged to secure the Company’s debt obligations. The fair value of assets pledged as collateral on the Revolving Credit Facility and the KeyBank Credit Facility as of March 31, 2026 was $164.5 million and $114.6 million, respectively.
[39]	Loan or debt security is on non-accrual status and therefore is considered non-income producing. Beginning during the quarter ended June 30, 2025, the Company recognized interest income to the extent that it is received in cash on its loans to Colonnade Intermediate, LLC.
[40]	Loan or debt security is on non-accrual status and therefore is considered non-income producing. Beginning during the quarter ended June 30, 2025, the Company recognized interest income to the extent that it is received in cash on its loans to Colonnade Intermediate, LLC.
[41]	Debt security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.
[42]	The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[43]	The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. See accompanying notes to unaudited consolidated financial statements.
[44]	As of December 31, 2025, all or a portion of this investment is pledged to secure the Company’s debt obligations. The fair value of assets pledged as collateral on the Revolving Credit Facility and the KeyBank Credit Facility as of December 31, 2025 was $218.8 million and $104.8 million, respectively.
[45]	The investment is held at the net asset value (“NAV”) of the underlying fund.
[46]	The investment is held at the net asset value (“NAV”) of the underlying fund.
[47]	The equity investment is income producing.
[48]	The equity investment is income producing.
[49]	This investment receives a 5% royalty interest on oil being produced on certain fields. All production payments received are being applied to the cost basis and are considered return of capital.
[50]	This investment receives a 5% royalty interest on oil being produced on certain fields. All production payments received are being applied to the cost basis and are considered return of capital.
[51]	This investment is held by the Company’s wholly-owned subsidiary Garrison Capital Equity Holdings XI LLC.
[52]	This investment is held by the Company’s wholly-owned subsidiary Garrison Capital Equity Holdings XI LLC.
[53]	The presentation of the consolidated schedule of investments for the year ended December 31, 2025 utilizes industry classifications aligned with Global Industry Classification Standard (“GICS”) Level 3.
[54]	Held through Garrison Capital Equity Holdings II LLC and net of non-controlling member’s interest of 17.5% pursuant to the Amended and Restated Limited Liability Company Agreement of Garrison Capital Equity Holdings II LLC.
[55]	Held through Garrison Capital Equity Holdings II LLC and net of non-controlling member’s interest of 17.5% pursuant to the Amended and Restated Limited Liability Company Agreement of Garrison Capital Equity Holdings II LLC.
[56]	Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[57]	Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company as the Company owns at least 5% of the portfolio company’s outstanding voting securities or is under common control with such portfolio company.
[58]	Number of shares held.
[59]	Security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.
[60]	Security has an unfunded commitment in addition to the amounts shown in the consolidated schedule of investments. See Note 8 — “Commitments and Contingencies” for additional information on the Company’s commitments and contingencies.
[61]	The investment is valued at the net asset value of the underlying fund.
[62]	The investment is valued at the net asset value of the underlying fund.

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2026

Stockholders' Equity Note [Abstract]

Summary of Components of Stockholders' Equity

The following tables detail the components of Stockholders’ Equity for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31, 2026
($ in thousands)	Common Stock			Capital in Excess of Par Value			Total Distributable (loss) earnings			Total Stockholders’ Equity
Balance, December 31, 2025	$	125		$	811,111		$	(602,080	)	$	209,156
Net investment income		—			—			6,890			6,890
Net change in unrealized appreciation (depreciation) on investments		—			—			(14,638	)		(14,638	)
Net realized gains (losses) from investment transactions and extinguishment of debt		—			—			(2,022	)		(2,022	)
Tax (provision) benefit on realized and unrealized gains (losses) on investments		—			—			(403	)		(403	)
Distributions to Stockholders		—			—			(3,958	)		(3,958	)
Reinvested Dividends		—			44			—			44
Stock repurchases		(1	)		(2,063	)		—			(2,064	)
Balance, March 31, 2026	$	124		$	809,092		$	(616,211	)	$	193,005


	For the Three Months Ended March 31, 2025
($ in thousands)	Common Stock		Capital in Excess of Par Value		Total Distributable (loss) earnings			Total Stockholders’ Equity
Balance, December 31, 2024	$	92	$	714,331	$	(535,930	)	$	178,493
Net investment income		—		—		4,340			4,340
Net change in unrealized appreciation on investments		—		—		(3,903	)		(3,903	)
Net realized gains (losses) from investment transactions and extinguishment of debt		—		—		(173	)		(173	)
Tax (provision) benefit on realized and unrealized gains (losses) on investments		—		—		(346	)		(346	)
Distributions to Stockholders		—		—		(4,967	)		(4,967	)
Reinvested Dividends		—		67		—			67
Balance, March 31, 2025	$	92	$	714,398	$	(540,979	)	$	173,511

Directors' Expense - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Directors' Expense [Line Items]
Director's expense	$ 100,000	$ 100,000
Independent Directors
Directors' Expense [Line Items]
Annual fee	77,000
Lead Independent Director
Directors' Expense [Line Items]
Annual fee	10,000
Chair of Audit Committee
Directors' Expense [Line Items]
Annual fee	10,000
Chair of Nominating and Corporate Governance Committee
Directors' Expense [Line Items]
Annual fee	5,000
Chair of Compensation Committee
Directors' Expense [Line Items]
Annual fee	$ 5,000

Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

Debt Instrument [Line Items]

Schedule of Debt Obligations

The Company’s debt obligations consist of the following:


	As of		As of
($ in thousands)	March 31, 2026		December 31, 2025
2026 Notes (net of deferred financing costs and original issue discount of $217 and $312, respectively)	$	49,783	$	49,688
2028 Notes (net of deferred financing costs and original issue discount of $782 and $851, respectively)		34,218		34,149
2029 Notes (net of deferred financing costs of $881 and $—, respectively)		49,119		—
2030 Notes (net of deferred financing costs and original issue discount of $2,318 and $2,423, respectively)		72,682		72,577
2032 Convertible Notes (net of deferred financing costs and original issue discount of $99 and $102, respectively)		1,901		1,898
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility (net of deferred financing costs of $700 and $825, respectively)		79,309		106,804
KeyBank Credit Facility (net of deferred financing costs of $843 and $904, respectively)		49,391		41,765
Total	$	336,403	$	306,881

Schedule of Interest Expense, Amortization of Original Issue Discount, Deferred Financing Costs, Average Outstanding Balance, and Average Stated Interest Rate


	For the Three Months Ended March 31,
($ in thousands)	2026	2025
Interest expense	N/A	$	1,316
Amortization of original issue discount	N/A		130
Deferred financing costs	N/A		55
Total interest and financing expenses	N/A	$	1,501
Average outstanding balance	N/A	$	108,000
Average stated interest rate	N/A		4.88	%


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	656		N/A
Amortization of original issue discount		50		N/A
Deferred financing costs		45		N/A
Total interest and financing expenses	$	751		N/A
Average outstanding balance	$	50,000		N/A
Average stated interest rate		5.25	%	N/A

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2028 Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	656		N/A
Amortization of original issue discount		40		N/A
Deferred financing costs		29		N/A
Total interest and financing expenses	$	725		N/A
Average outstanding balance	$	35,000		N/A
Average stated interest rate		7.50	%	N/A


	For the period March 24, 2026
($ in thousands)	through March 31, 2026
Interest expense	$	73
Deferred financing costs		4
Total interest and financing expenses	$	77
Average outstanding balance	$	50,000
Average stated interest rate		7.50	%

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2030 Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	1,453		N/A
Amortization of original issue discount		71		N/A
Deferred financing costs		34		N/A
Total interest and financing expenses	$	1,558		N/A
Average outstanding balance	$	75,000		N/A
Average stated interest rate		7.75	%	N/A

The following table summarizes the interest expense, amortization of original issue discount, amortization of deferred financing costs, average outstanding balance, and average stated interest rate on the 2032 Convertible Notes for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	26		N/A
Amortization of original issue discount		3		N/A
Deferred financing costs		—		N/A
Total interest and financing expenses	$	29		N/A
Average outstanding balance	$	2,000		N/A
Average stated interest rate		5.25	%	N/A


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	1,484		$	2,609
Deferred financing costs		125			124
Unused commitment fees		265			64
Total interest and financing expenses	$	1,874		$	2,797
Average outstanding balance	$	96,424		$	153,471
Average stated interest rate		6.17	%		6.82	%

The following table summarizes the interest expense, amortization of deferred financing costs, unused commitment fees, average outstanding balance, and average stated interest rate on the KeyBank Credit Facility for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended March 31,
($ in thousands)	2026			2025
Interest expense	$	723		N/A
Deferred financing costs		61		N/A
Unused commitment fees		39		N/A
Total interest and financing expenses	$	823		N/A
Average outstanding balance	$	44,073		N/A
Average stated interest rate		6.48	%	N/A

Schedule of Outstanding Principal and Fair Value of Financial Liabilities


($ in thousands)	Outstanding Principal		Fair Value		Level I		Level II		Level III
2026 Notes	$	50,000	$	48,875	$	—	$	—	$	48,875
2028 Notes		35,000		34,475		—		—		34,475
2029 Notes		50,000		50,000		—		—		50,000
2030 Notes		75,000		73,313		—		—		73,313
2032 Convertible Notes		2,000		1,892		—		—		1,892
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility		80,009		80,009		—		—		80,009
KeyBank Credit Facility		50,234		50,234		—		—		50,234
Total	$	342,243	$	338,798	$	—	$	—	$	338,798


($ in thousands)	Outstanding Principal		Fair Value		Level I		Level II		Level III
2026 Notes	$	50,000	$	48,875	$	—	$	—	$	48,875
2028 Notes		35,000		34,475		—		—		34,475
2030 Notes		75,000		73,313		—		—		73,313
2032 Convertible Notes		2,000		1,892		—		—		1,892
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility		107,629		107,629		—		—		107,629
KeyBank Credit Facility		42,669		42,669		—		—		42,669
Total	$	312,298	$	308,853	$	—	$	—	$	308,853

Schedule of Information about Senior Securities


Class and Period	Total Amount Outstanding Exclusive of Treasury Securities(1)		Asset Coverage per Unit(2)		Involuntary Liquidating Preference per Unit(3)		Average Market Value per Unit(4)
($ in thousands)
Convertible Notes due March 15, 2016
Fiscal 2015	$	19,299	$	2,025	$	—	N/A
7.375% Notes due 2019
Fiscal 2017	$	27,000	$	2,713	$	—	$	1,016
Fiscal 2016		33,531		2,048		—		1,000
Fiscal 2015		41,400		2,025		—		1,012
Notes Issued by KCAP Senior Funding I, LLC
Fiscal 2016	$	147,350	$	2,048	$	—	N/A
Fiscal 2015		147,350		2,025		—	N/A
6.125% Notes due 2022
Fiscal 2020	$	76,726	$	1,560	$	—	$	953
Fiscal 2019		77,407		1,950		—		1,010
Fiscal 2018		77,407		2,490		—		1,009
Fiscal 2017		77,407		2,713		—		1,006
KCAP Funding I, LLC Revolving Credit Facility
Fiscal 2018	$	26,356	$	2,490	$	—	N/A
Revolving Credit Facility
March 31, 2026	$	80,009	$	1,564			N/A
Fiscal 2025		107,629		1,670		—	N/A
Fiscal 2024		159,479		1,667		—	N/A
Fiscal 2023		92,000		1,646		—	N/A
Fiscal 2022		92,000		1,601		—	N/A
Fiscal 2021		80,571		1,780		—	N/A
Fiscal 2020		49,321		1,560		—	N/A
Fiscal 2019		79,571		1,950		—	N/A
2018-2 Secured Notes
Fiscal 2023	$	125,683	$	1,646	$	—	N/A
Fiscal 2022		178,163		1,601		—	N/A
Fiscal 2021		163,863		1,780		—	N/A
Fiscal 2020		251,863		1,560		—	N/A
4.875% Notes due 2026
Fiscal 2024	$	108,000	$	1,667	$	—	N/A
Fiscal 2023		108,000		1,646		—	N/A
Fiscal 2022		108,000		1,601		—	N/A
Fiscal 2021		108,000		1,780		—	N/A
2026 Notes
March 31, 2026	$	50,000	$	1,564	$	—	N/A
Fiscal 2025		50,000		1,670		—	N/A
2032 Convertible Notes
March 31, 2026	$	2,000	$	1,564	$	—	N/A
Fiscal 2025		2,000		1,670		—	N/A
KeyBank Credit Facility
March 31, 2026	$	50,234	$	1,564	$	—	N/A
Fiscal 2025		42,669		1,670		—	N/A
2029 Notes
March 31, 2026	$	50,000	$	1,564	$	—	N/A
2028 Notes
March 31, 2026	$	35,000	$	1,564	$	—	N/A
Fiscal 2025		35,000		1,670		—	N/A
2030 Notes
March 31, 2026	$	75,000	$	1,564	$	—	N/A
Fiscal 2025		75,000		1,670		—	N/A

(1)

Total amount of each class of senior securities outstanding at the end of the period presented.

(2)

(3)

(4)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (SX 210.12-04(a))
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
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-Subparagraph (SX 210.4-08(f))
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
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Reference 10: http://www.xbrl.org/2003/role/exampleRef
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Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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Reference 12: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Subparagraph (c)
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Reference 15: http://www.xbrl.org/2003/role/exampleRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
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+ Details

Investments (Tables)

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Summary of Portfolio by Security and Investment

The following table shows the Company’s portfolio by security type as of March 31, 2026 and December 31, 2025:


($ in thousands)	March 31, 2026							December 31, 2025
Security Type	Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio			Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio
First Lien Debt	$	348,092	$	321,125		67.4	%	$	360,556	$	344,126		68.7	%
Second Lien Debt		48,588		38,495		8.1	%		49,777		42,183		8.4	%
Subordinated Debt		27,975		24,467		5.1	%		27,487		25,339		5.1	%
Collateralized Loan Obligations		1,381		1,690		0.4	%		1,381		1,789		0.4	%
Joint Ventures		64,289		44,967		9.4	%		64,403		48,165		9.6	%
Equity		48,243		45,949		9.6	%		44,413		39,193		7.8	%
Asset Manager Affiliates(1)		17,791		—		—			17,791		—		—
Derivatives		31		195		0.0	%		31		180		0.0	%
Total	$	556,390	$	476,888		100.0	%	$	565,839	$	500,975		100.0	%

(1)

Represents the equity investment in the Asset Manager Affiliates.

The industry concentrations based on the fair value of the Company’s investment portfolio as of March 31, 2026 and December 31, 2025 were as follows:


($ in thousands)	March 31, 2026							December 31, 2025
Industry Classification	Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio			Cost/Amortized Cost		Fair Value		Fair Value Percentage of Total Portfolio
Health Care Providers & Services	$	64,635	$	65,790		13.9	%	$	58,717	$	61,024		12.2	%
Software		76,168		57,561		12.2	%		75,864		62,850		12.5	%
Financial Services		51,962		53,119		11.1	%		53,013		53,424		10.7	%
Joint Venture		64,289		44,967		9.4	%		64,403		48,165		9.6	%
IT Services		32,936		34,489		7.2	%		34,738		36,812		7.3	%
Diversified Consumer Services		28,992		24,917		5.2	%		28,543		25,933		5.2	%
Commercial Services & Supplies		22,580		23,332		4.9	%		22,368		23,274		4.6	%
Leisure Products		15,500		16,434		3.4	%		15,412		16,311		3.2	%
Textiles, Apparel & Luxury Goods		10,895		15,764		3.3	%		10,776		14,059		2.8	%
Aerospace & Defense		14,455		14,623		3.1	%		14,468		14,664		2.9	%
Media		17,563		14,273		3.0	%		17,252		15,617		3.1	%
Food Products		8,523		8,930		1.9	%		8,417		8,802		1.8	%
Health Care Equipment & Supplies		9,725		8,207		1.7	%		6,804		5,103		1.0	%
Personal Care Products		7,423		7,848		1.6	%		3,511		3,948		0.8	%
Household Durables		6,949		6,882		1.4	%		6,083		5,952		1.2	%
Ground Transportation		6,854		6,875		1.4	%		7,319		7,352		1.5	%
Household Products		7,168		6,490		1.4	%		7,055		6,511		1.3	%
Trading Companies & Distributors		5,770		5,991		1.3	%		6,688		6,946		1.4	%
Capital Markets		6,196		5,955		1.2	%		6,143		6,002		1.2	%
Health Care Technology		7,014		5,953		1.2	%		8,289		7,448		1.5	%
Automobile Components		4,539		5,906		1.2	%		4,539		4,477		0.9	%
Professional Services		5,446		5,277		1.1	%		5,410		5,509		1.1	%
Electronic Equipment, Instruments & Components		4,382		4,703		1.0	%		4,375		4,734		0.9	%
Machinery		6,734		4,524		0.9	%		6,451		5,798		1.2	%
Consumer Staples Distribution & Retail		5,876		4,404		0.9	%		5,827		5,132		1.0	%
Interactive Media & Services		3,664		4,071		0.9	%		17,781		19,000		3.8	%
Metals & Mining		10,445		4,035		0.8	%		10,445		4,150		0.8	%
Containers & Packaging		2,944		2,834		0.6	%		2,724		2,568		0.5	%
Hotels, Restaurants & Leisure		7,717		2,134		0.4	%		7,716		2,263		0.5	%
CLO Fund Securities		1,381		1,690		0.4	%		1,381		1,789		0.4	%
Electrical Equipment		1,251		1,259		0.3	%		1,250		1,271		0.3	%
Technology Hardware, Storage & Peripherals		1,407		1,242		0.3	%		1,407		1,308		0.3	%
Communications Equipment		1,020		1,209		0.3	%		1,020		1,116		0.2	%
Diversified Telecommunication Services		675		1,147		0.2	%		675		1,146		0.2	%
Beverages		922		1,141		0.2	%		6,596		7,158		1.4	%
Specialty Retail		7,482		976		0.2	%		7,469		967		0.2	%
Energy Equipment & Services		394		778		0.2	%		394		611		0.1	%
Building Products		1,500		775		0.2	%		1,500		505		0.1	%
Industrial Conglomerates		324		324		0.1	%		324		324		0.1	%
Transportation Infrastructure		2,346		59		0.0	%		2,346		952		0.2	%
Wireless Telecommunication Services		866		—		0.0	%		866	—			0.0	%
Broadline Retail		1,687		—		0.0	%		1,689	—			0.0	%
Oil, Gas & Consumable Fuels		—		—		0.0	%	—		—			0.0	%
Asset Management Company(1)		17,791		—		0.0	%		17,791	—			0.0	%
Total	$	556,390	$	476,888		100.0	%	$	565,839	$	500,975		100.0	%

(1)

Represents the equity investment in the Asset Manager Affiliates.

Summary of Investments in CLO Fund Securities

The following table details investments in CLO Fund Securities as of March 31, 2026 and December 31, 2025:


($ in thousands)		March 31, 2026							December 31, 2025
CLO Fund Securities	Investment	Amortized Cost		Fair Value		Percentage Ownership(1)			Amortized Cost		Fair Value		Percentage Ownership(1)
Catamaran CLO 2014-1 Ltd.	Collateralized Loan Obligations	$	—	$	—		22.2	%	$	—	$	—		22.2	%
Catamaran CLO 2018-1 Ltd.	Collateralized Loan Obligations		112		—		24.8	%		112		112		24.8	%
Dryden 30 Senior Loan Fund	Collateralized Loan Obligations		—		—		6.8	%		—		—		6.8	%
JMP Credit Advisors CLO IV Ltd.	Collateralized Loan Obligations		230		87		81.7	%		230		121		81.7	%
JMP Credit Advisors CLO V Ltd.	Collateralized Loan Obligations		1,039		1,603		81.7	%		1,039		1,556		81.7	%
Total		$	1,381	$	1,690				$	1,381	$	1,789

(1)

Represents percentage of class held as of March 31, 2026 and December 31, 2025, respectively.

Summary of Investments in Affiliates

The following table details investments in affiliates as of March 31, 2026 (dollars in thousands, except share amounts):


Company(1)	Type of Investment	Industry Classification	Fair Value as of December 31, 2025		Purchases/ (Sales) of or Advances/ (Distributions)			Net Accretion		Net Change in Unrealized Gain/(Loss)			Realized Gain/(Loss)		Fair Value as of March 31, 2026			Principal / Shares as of March 31, 2026		Interest and Fee Income		Dividend Income
Controlled investments(3)
Asset Management Company(2)	Asset Manager Affiliates	Asset Management Company	$	—	$	—		$	—	$	—		$	—	$	—			—	$	—	$	—
KCAP Freedom 3, LLC(2)	Joint Ventures	Joint Venture		10,655		(114	)		—		(1,597	)		—		8,944			27,220		—		—
Total Controlled investments			$	10,655	$	(114	)	$	—	$	(1,597	)	$	—	$	8,944				$	—	$	—
Non-controlled affiliated investments(4)
American Clinical Solutions, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services	$	5,084	$	76		$	846	$	(1,114	)	$	—	$	4,892			8,019	$	1,062	$	—
American Clinical Solutions, LLC - Class A(5)	Preferred Stock and Units	Health Care Providers & Services		—		—			—		—			—		—			20,964,483		—		—
Series B - Great Lakes Funding II LLC(2)(6)(7)	Joint Ventures	Joint Venture		37,510		—			—		(1,487	)		—		36,023			39,862		—		1,047
Burgaflex Holdings, LLC - Class A(5)	Common Stock and Membership Units	Automobile Components		2,333		—			—		1,234			—		3,567			1,253,198		—		—
Burgaflex Holdings, LLC - Class B(5)	Common Stock and Membership Units	Automobile Components		2,144		—			—		195			—		2,339			1,085,073		—		—
Datalink, LLC	First Lien Debt	Health Care Technology		—		2,549			3		(440	)		—		2,112			2,779		45		—
Datalink, LLC(5)	Common Stock and Membership Units	Health Care Technology		—		2,151			—		(823	)		—		1,328			4,928		—		—
Datalink, LLC (Revolver)(7)	First Lien Debt	Health Care Technology		—		—			—		(79	)		—		(79	)	—			—		—
GreenPark Infrastructure, LLC - Series A(5)	Preferred Stock and Units	Commercial Services & Supplies		700		—			—		35			—		735			1,400		—		—
GreenPark Infrastructure, LLC - Series M-1(5)	Common Stock and Membership Units	Commercial Services & Supplies		3,074		—			—		23			—		3,097			8,977		—		—
HR Pharmaceuticals, LLC	First Lien Debt	Health Care Equipment & Supplies		—		2,708			2		(2	)		—		2,708			2,773		59		—
HR Pharmaceuticals, LLC(5)	Preferred Stock and Units	Health Care Equipment & Supplies		—		500			—		—			—		500			500,000		12		—
HR Pharmaceuticals, LLC (Revolver)(7)	First Lien Debt	Health Care Equipment & Supplies		—		28			—		(1	)		—		27			34		1		—
Kleen-Tech Acquisition, LLC(5)	Common Stock and Membership Units	Commercial Services & Supplies		250		—			—		—			—		250			250,000		—		—
Northeast Metal Works LLC - Preferred(5)	Preferred Stock and Units	Metals & Mining		—		—			—		—			—		—			2,368		—		—
Northeast Metal Works LLC - Class O Preferred(5)	Preferred Stock and Units	Metals & Mining		280		—			—		(158	)		—		122			5,445,000		—		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		387		—			—		4			—		391			500		10		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		3,483		—			—		39			—		3,522			4,500		90		—
MMI Holdings, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services		4,632		183			—		(99	)		—		4,716			5,215		—		—
MMI Holdings, LLC	Second Lien/Senior Secured Debt	Health Care Providers & Services		—		—			—		—			—		—			480		—		—
MMI Holdings, LLC(5)	Preferred Stock and Units	Health Care Providers & Services		—		—			—		—			—		—			1,000		—		—
MMI Holdings, LLC(5)	Common Stock and Membership Units	Health Care Providers & Services		—		—			—		—			—		—			45		—		—
Phoenix Aviation Capital, LLC(5)	Preferred Stock and Units	Aerospace & Defense		1,130		23			—		(45	)		—		1,108			1,304,086		22		—


Company(1)	Type of Investment	Industry Classification	Fair Value as of December 31, 2025			Purchases/ (Sales) of or Advances/ (Distributions)			Net Accretion		Net Change in Unrealized Gain/(Loss)			Realized Gain/(Loss)		Fair Value as of March 31, 2026			Principal / Shares as of March 31, 2026		Interest and Fee Income		Dividend Income
Phoenix Aviation Capital, LLC(5)	Common Stock and Membership Units	Aerospace & Defense	$	242		$	—		$	—	$	91		$	—	$	333			4	$	—	$	—
Princeton Medspa Partners, LLC(5)	Preferred Stock and Units	Diversified Consumer Services		676			37			—		(121	)		—		592			1,240,051		37		—
Princeton Medspa Partners, LLC - Warrant(5)	Common Stock and Membership Units	Diversified Consumer Services		10			—			—		(5	)		—		5			0		—		—
Princeton Medspa Partners, LLC - Put Option(2)(5)	Derivatives	Diversified Consumer Services		—			—			—		—			—		—			1,000,000		—		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		1,855			(5	)		3		(46	)		—		1,807			1,999		64		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		(13	)		—			—		(4	)		—		(17	)	—			—		—
JMP Credit Advisors CLO IV LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		121			—			—		(34	)		—		87			26,298		—		—
JMP Credit Advisors CLO V LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		1,556			—			—		47			—		1,603			24,394		—		—
EBSC Holdings LLC (Riddell, Inc.)(5)	Preferred Stock and Units	Leisure Products		4,012			89			—		69			—		4,170			3,654		87		—
Riddell, Inc.	First Lien/Senior Secured Debt	Leisure Products		9,307			(125	)		36		(37	)		—		9,181			9,181		261		—
Westshore RAM, LLC - Class A(5)	Preferred Stock and Units	Financial Services		1,201			—			—		273			—		1,474			86,000		91		—
Sierra Hamilton Holdings Corporation(5)	Common Stock and Membership Units	Energy Equipment & Services		611			—			—		167			—		778			27,396,364		—		—
Total non-controlled affiliated investments			$	80,585		$	8,214		$	890	$	(2,318	)	$	—	$	87,371				$	1,841	$	1,047

Total non-controlled affiliated and controlled investments			$	91,240		$	8,100		$	890	$	(3,915	)	$	—	$	96,315				$	1,841	$	1,047

(1)

All investments valued using unobservable inputs (Level III), unless otherwise noted.

(2)

Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.

(3)

(4)

(5)

Number of shares held.

(6)

The investment is valued at the net asset value of the underlying fund.

(7)

The following table details investments in affiliates as of December 31, 2025 (dollars in thousands, except share amounts):


Company(1)	Type of Investment	Industry Classification	Fair Value as of December 31, 2024			Purchases/ (Sales) of or Advances/ (Distributions)			Net Accretion		Transfers In/(Out) of Affiliates			Net Change in Unrealized Gain/(Loss)			Realized Gain/ (Loss)			Fair Value as of December 31, 2025			Principal / Shares at December 31, 2025		Interest and Fee Income		Dividend Income
Controlled investments(3)
Asset Management Company(2)	Asset Manager Affiliates	Asset Management Company	$	—		$	—		$	—	$	—		$	—		$	—		$	—			—	$	—	$	—
ProAir Holdco, LLC(5)	Common Stock and Membership Units	Trading Companies & Distributors		—			—			—		—			4,261			(4,261	)		—			—		—		—
ProAir, LLC	Subordinated Debt	Trading Companies & Distributors		—			—			—		—			1,931			(1,931	)		—			—		—		—
KCAP Freedom 3, LLC(2)	Joint Ventures	Joint Venture		13,015			(897	)		—		—			(1,463	)		—			10,655			27,220		—		—
Total Controlled investments			$	13,015		$	(897	)	$	—	$	—		$	4,729		$	(6,192	)	$	10,655				$	—	$	—
Non-controlled affiliated investments(4)
American Clinical Solutions, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services	$	—		$	1,456		$	1,674	$	3,040		$	(1,086	)	$	—		$	5,084			7,943	$	2,059	$	—
American Clinical Solutions, LLC(5)	Common Stock and Membership Units	Health Care Providers & Services		—			—			—		—			—			—			—			20,964,483		—		—
Series A-Great Lakes Funding II LLC(2)(6)	Joint Ventures	Joint Venture		41,138			(2,867	)		—		(37,081	)		170			(1,360	)		—			—		—		2,630
Series B-Great Lakes Funding II LLC(2)(6)(7)	Joint Ventures	Joint Venture		—			(183	)		—		40,045			(2,352	)		—			37,510			39,862		—		1,697
Burgaflex Holdings, LLC(5)	Common Stock and Membership Units	Automobile Components		—			—			—		2,656			(323	)		—			2,333			1,253,198		—		—
Burgaflex Holdings, LLC(5)	Common Stock and Membership Units	Automobile Components		—			—			—		1,883			261			—			2,144			1,085,073		—		—
GreenPark Infrastructure, LLC - Series A(5)	Preferred Stock and Units	Commercial Services & Supplies		500			—			—		176			24			—			700			1,400		—		—
GreenPark Infrastructure, LLC - Series M-1(5)	Common Stock and Membership Units	Commercial Services & Supplies		2,202			—			—		773			99			—			3,074			8,977		—		—
Kleen-Tech Acquisition, LLC(5)	Common Stock and Membership Units	Commercial Services & Supplies		1,420			—			—		—			(1,170	)		—			250			250,000		83		—
Northeast Metal Works LLC - Preferred(5)	Preferred Stock and Units	Metals & Mining		—			—			—		—			—			—			—			2,368		—		—
Northeast Metal Works LLC - Class O Preferred(5)	Preferred Stock and Units	Metals & Mining		1,160			495			—		—			(1,375	)		—			280			5,445		127		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		3,443			—			—		—			40			—			3,483			4,500		365		—
Northeast Metal Works LLC	Second Lien/Senior Secured Debt	Metals & Mining		500			—			—		—			(113	)		—			387			500		22		—
BMP Slappey Holdco, LLC(5)	Preferred Stock and Units	Diversified Telecommunication Services		557			—			—		(467	)		(90	)		—			—			—		—		—
BMP Slappey Investment II(5)	Preferred Stock and Units	Diversified Telecommunication Services		248			—			—		(208	)		(40	)		—			—			—		—		—
MMI Holdings, LLC	First Lien/Senior Secured Debt	Health Care Providers & Services		—			—			—		4,016			616			—			4,632			5,030		—		—
MMI Holdings, LLC	Second Lien/Senior Secured Debt	Health Care Providers & Services		—			—			—		341			(341	)		—			—			480		—		—
MMI Holdings, LLC(5)	Preferred Stock and Units	Health Care Providers & Services		—			—			—		—			—			—			—			1,000		—		—
MMI Holdings, LLC(5)	Common Stock and Membership Units	Health Care Providers & Services		—			—			—		—			—			—			—			45		—		—
Phoenix Aviation Capital, LLC(5)	Common Stock and Membership Units	Aerospace & Defense		—			—			—		387			(145	)		—			242			4		—		—
Phoenix Aviation Capital, LLC(5)	Preferred Stock and Units	Aerospace & Defense		—			61			—		1,025			44			—			1,130			1,281,657		61		—
Phoenix Aviation Capital, LLC	First Lien/Senior Secured Debt	Aerospace & Defense		—			(2,964	)		—		2,964			—			—			—			—		46		—
Princeton Medspa Partners, LLC(5)	Preferred Stock and Units	Diversified Consumer Services		859			139			—		—			(322	)		—			676			1,202,973		141		—
Princeton Medspa Partners, LLC - Warrant(5)	Common Stock and Membership Units	Diversified Consumer Services		28			—			—		—			(18	)		—			10			0		—		—
Princeton Medspa Partners, LLC - Put Option(2)(5)	Derivatives	Diversified Consumer Services		—			—			—		—			—			—			—			1,000,000		—		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		1,529			327			14		—			(15	)		—			1,855			2,005		237		—
PMP OPCO, LLC (Princeton Medspa Partners, LLC) (Revolver)(7)	First Lien/Senior Secured Debt	Diversified Consumer Services		(10	)		1			—		—			(4	)		—			(13	)		—		1		—
JMP Credit Advisors CLO IV LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		725			(520	)		—		229			(313	)		—			121			26,298		—		—
JMP Credit Advisors CLO V LTD(2)(3)	Collateralized Loan Obligations	CLO Fund Securities		1,467			(656	)		—		320			517			(92	)		1,556			24,394		—		—
EBSC Holdings LLC (Riddell, Inc.)(5)	Preferred Stock and Units	Leisure Products		2,375			283			—		1,137			217			—			4,012			3,566		284		—
Riddell, Inc.	First Lien/Senior Secured Debt	Leisure Products		6,243			(369	)		83		3,006			344			—			9,307			9,306		887		—
Westshore RAM, LLC(5)	Preferred Stock and Units	Financial Services		—			—			—		1,278			(77	)		—			1,201			86,000		32		—
Sierra Hamilton Holdings Corporation(5)	Common Stock and Membership Units	Energy Equipment & Services		—			—			—		394			217			—			611			27,396,364		—		—
V12 Holdings, Inc.(5)	Common Stock and Membership Units	Software		—			(1,686	)		—		—			—			1,686			—			—		—		—
V12 Holdings, Inc.	Second Lien/Senior Secured Debt	Software		—			(509	)		61		448			—			—			—			—		128		—
Total non-controlled affiliated investments			$	64,384		$	(6,992	)	$	1,832	$	26,362		$	(5,235	)	$	234		$	80,585				$	4,473	$	4,327

Total non-controlled affiliated and controlled investments			$	77,399		$	(7,889	)	$	1,832	$	26,362		$	(506	)	$	(5,958	)	$	91,240				$	4,473	$	4,327

(1)

All investments valued using unobservable inputs (Level III), unless otherwise noted.

(2)

Non-qualified asset for purposes of section 55(a) of the Investment Company Act of 1940.

(3)

(4)

(5)

Number of shares held.

(6)

The investment is valued at the net asset value of the underlying fund.

(7)

Summary of Fair Value of Investments by Fair Value Hierarchy Levels

The following tables summarize the fair value of investments by fair value hierarchy levels provided by ASC 820 as of March 31, 2026 (unaudited) and December 31, 2025, respectively:


	As of March 31, 2026
($ in thousands)	Level I		Level II		Level III		NAV		Total
First Lien Debt	$	—	$	—	$	321,125	$	—	$	321,125
Second Lien Debt		—		—		38,495		—		38,495
Subordinated Debt		—		—		24,467		—		24,467
Equity		—		—		45,949		—		45,949
Collateralized Loan Obligations		—		—		1,690		—		1,690
Joint Ventures		—		—		8,944		36,023		44,967
Derivatives		—		—		195		—		195
Total	$	—	$	—	$	440,865	$	36,023	$	476,888


	As of December 31, 2025
($ in thousands)	Level I		Level II		Level III		NAV		Total
First Lien Debt	$	—	$	—	$	344,126	$	—	$	344,126
Second Lien Debt		—		—		42,183		—		42,183
Subordinated Debt		—		—		25,339		—		25,339
Equity		—		—		39,193		—		39,193
Collateralized Loan Obligations		—		—		1,789		—		1,789
Joint Ventures		—		—		10,655		37,510		48,165
Derivatives		—		—		180		—		180
Total	$	—	$	—	$	463,465	$	37,510	$	500,975

Summary of Information Relating to Investments Measured at Fair Value for Company has Used Unobservable Inputs to Determine Fair Value


	For the Three Months Ended March 31, 2026
($ in thousands)	First Lien Debt			Second Lien Debt			Subordinated Debt			Equity			Collateralized Loan Obligations			Joint Ventures			Derivatives		Total
Balance, December 31, 2025	$	344,126		$	42,183		$	25,339		$	39,193		$	1,789		$	10,655		$	180	$	463,465
Net accretion of interest		3,523			195			430			—			—			—			—		4,148
Purchases / PIK capitalization / originations / draws		13,788			636			57			1,680			—			—			—		16,161
Sales/Paydowns/Return of Capital		(26,766	)		(1,405	)		—			(37	)		—			(114	)		—		(28,322	)
Restructurings		(1,174	)		—			—			1,760			—			—			—		586
Net realized gain (loss) on investments		(1,834	)		(615	)		—			427			—			—			—		(2,022	)
Net change in unrealized appreciation (depreciation) on investments		(10,538	)		(2,499	)		(1,360	)		2,927			(99	)		(1,597	)		15		(13,151	)
Balance, March 31, 2026	$	321,125		$	38,495		$	24,466		$	45,950		$	1,690		$	8,944		$	195	$	440,865
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	$	(9,514	)	$	(2,732	)	$	(1,360	)	$	2,842		$	(99	)	$	(1,597	)	$	15	$	(12,445	)


	For the Three Months Ended March 31, 2025
($ in thousands)	First Lien Debt			Second Lien Debt			Subordinated Debt			Equity			Collateralized Loan Obligations			Joint Ventures			Derivatives		Total
Balance, December 31, 2024	$	289,957		$	28,996		$	1,740		$	24,762		$	5,193		$	13,015		$	220	$	363,883
Net accretion		685			13			1			—			78			—			—		777
Purchases		19,892			290			—			179			—			—			—		20,361
Sales/Paydowns/Return of Capital		(13,204	)		—			(26	)		(169	)		(1,397	)		(360	)		—		(15,156	)
Total realized gain (loss) included in earnings		(98	)		(46	)		—			169			(198	)		—			—		(173	)
Change in unrealized gain (loss) included in earnings		(2,853	)		(529	)		25			1,277			963			(1,274	)		12		(2,379	)
Balance, March 31, 2025	$	294,379		$	28,724		$	1,740		$	26,218		$	4,639		$	11,381		$	232	$	367,313
Changes in unrealized gains (losses) included in earnings related to investments still held at reporting date	$	(5,560	)	$	(529	)	$	(9	)	$	1,277		$	963		$	(1,274	)	$	12	$	(5,120	)

Schedule of Valuation Techniques and Significant Inputs of Level III Investments

As of March 31, 2026, the Company’s Level III portfolio investments had the following valuation techniques and significant inputs (dollars in thousands):


Type	Fair Value		Primary Valuation Techniques	Unobservable Inputs	Range of Inputs (Weighted Average)(1)
First Lien Debt	$	19,522	Market	Broker/Dealer Quotes	N/A
		239,696	Income Approach	Required Rate of Return	7.1% – 19.2% (11.4%)
		61,907	Enterprise Value	Revenue Multiple	0.4x
				EBITDA Multiple	5.0x - 10.3x (6.9x)
				Recovery Percentage	2.0% - 100% (61.0%)
				Expected Takeout Price	$100.0
Second Lien Debt		12,345	Market	Broker/Dealer Quotes	N/A
		26,150	Income Approach	Required Rate of Return	16.7% - 27.1% (19.0%)
Subordinated Debt		4,191	Enterprise Value	Recovery Percentage	19.4%
				Revenue Multiple	0.5x
		20,276	Income Approach	Required Rate of Return	11.8% - 16.1% (12.0%)
Equity		5,919	Income Approach	Required Rate of Return	10.5% - 19.2% (14.3%)
				Stock Price Time to Exit (Years) Volatility	$0.5 - $139.0 ($71.4) 1.5 - 3.7 (2.6) 30.0% - 58.9% (44.1%)
		38,505	Enterprise Value	Book Value Multiple	0.9x - 1.7x (1.0x)
				EBITDA Multiple	4.4x - 17.3x (8.0x)
				Revenue Multiple	0.7x - 2.8x (1.7x)
				Expected Takeout Price	$0.0 - $1.0 ($0.7)
				EBITDA Multiple	6.5x
				Liquidation Preference on Multiple of Invested Capital	1.4x
				Multiple on Invested Capital	1.3x
		1,525	Market	Option Purchase Price	$408.1
				Recent Transaction Bid	$1.0
Collateralized Loan Obligations		1,690	Enterprise Value	Recovery Percentage	0.3% - 6.6% (6.2%)
Joint Ventures		8,944	Income Approach	Discount Rate	19.7%
				Probability of Default	4.5%
				Recovery Rate	70.0%
				Prepayment Rate	20.0%
Derivatives		195	Enterprise Value	Book Value Multiple	0.9x
				EBITDA Multiple	6.0x
				Discount Rate	25.0%
Total Level III Investments	$	440,865

(1)

The weighted averages disclosed in the table above were weighted by their relative fair value.

As of December 31, 2025, the Company’s Level III portfolio investments had the following valuation techniques and significant inputs (dollars in thousands):


Type	Fair Value		Primary Valuation Techniques	Unobservable Inputs	Range of Inputs (Weighted Average)(1)
First Lien Debt	$	46,624	Market	Broker/Dealer Quotes	N/A
				Recent Transaction Bid	11.8%
		232,609	Income Approach	Required Rate of Return	5.3% – 18.5% (11.3%)
				Stock Price Time to Exit (Years) Volatility	$491.0 1.0 49.0%
		64,896	Enterprise Value	Revenue Multiple	0.3x - 2.5x (0.7x)
				EBITDA Multiple	5.0x - 9.8x (7.2x)
				Recovery Percentage	72.6% - 100% (95.9%)
				Book Value of Equity	2.8x
Second Lien Debt		15,282	Market	Broker/Dealer Quotes	N/A
		26,901	Income Approach	Required Rate of Return	14.9% - 21.5% (17.1%)
Subordinated Debt		5,062	Enterprise Value	Recovery Percentage	19.4%
				Revenue Multiple	0.6x
		20,275	Income Approach	Required Rate of Return	10.8% - 15.3% (11.0%)
Equity		9,630	Income Approach	Required Rate of Return	9.6% - 19.8% (15.2%)
				Weighted Average Cost of Capital	13.6%
				Stock Price Time to Exit (Years) Volatility	$0.6 - $1,041.5 ($802.0) 1.7 - 3.9 (2.4) 30.0% - 58.9% (55.3%)
		29,527	Enterprise Value	Book Value Multiple	0.6x - 1.7x (1.0x)
				EBITDA Multiple	4.4x - 17.5x (7.9x)
				Revenue Multiple	0.7x - 2.9x (1.0x)
				Expected Takeout Price	$0.4 - $1.0 ($0.9)
		35	Market	Option Purchase Price	$408.1
Collateralized Loan Obligations		1,789	Enterprise Value	Recovery Percentage	0.5% - 6.4% (5.7%)
Joint Ventures		10,655	Income Approach	Discount Rate	18.6%
				Probability of Default	4.5%
				Recovery Rate	70.0%
				Prepayment Rate	20.0%
Derivatives		180	Enterprise Value	Book Value Multiple	0.6x
				EBITDA Multiple	6.3x
				Discount Rate	40.0%
Total Level III Investments	$	463,465

(1)

The weighted averages disclosed in the table above were weighted by their relative fair value.

Schedule of Derivative Investments

The following tables detail derivative investments as of March 31, 2026 and December 31, 2025:


($ in thousands)	March 31, 2026
Types of contracts	Notional amounts		Derivative assets (liabilities)		Realized gain(loss)		Unrealized gain(loss)
Call option(1)	$	8	$	—	$	—	$	—
Put option(2)		1,563		195		—		15
Total	$	1,571	$	195	$	—	$	15

(1) Net amount included in non-controlled/non- affiliated investments on the consolidated statements of assets and liabilities.
(2) Net amount included in non-controlled/non- affiliated investments and non-controlled affiliated investments on the consolidated statements of assets and liabilities.

($ in thousands)	December 31, 2025
Types of contracts	Notional amounts		Derivative assets (liabilities)		Realized gain(loss)		Unrealized gain(loss)
Call option(1)	$	8	$	—	$	—	$	—
Put option(2)		1,563		180		—		(40	)
Total	$	1,571	$	180	$	—	$	(40	)

(1) Net amount included in non-controlled/non- affiliated investments on the consolidated statements of assets and liabilities.
(2) Net amount included in non-controlled/non- affiliated investments and non-controlled affiliated investments on the consolidated statements of assets and liabilities.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Pay vs Performance Disclosure
Net Income (Loss)	$ (10,173)	$ (82)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Stockholders' Equity - Summary of Components of Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	$ 209,156	$ 178,493
Net investment income	6,890	4,340
Net change in unrealized appreciation (depreciation) on investments	(14,638)	(3,903)
Net realized gains (losses) from investment transactions and extinguishment of debt	(2,022)	(173)
Tax (provision) benefit on realized and unrealized gains (losses) on investments	(403)	(346)
Distributions to Stockholders	(3,958)	(4,967)
Reinvested Dividends	44	67
Stock repurchases	(2,064)
Ending balance	193,005	173,511
Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	125	92
Stock repurchases	(1)
Ending balance	124	92
Capital in Excess of Par Value
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	811,111	714,331
Reinvested Dividends	44	67
Stock repurchases	(2,063)
Ending balance	809,092	714,398
Total Distributable (Loss) Earnings
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	(602,080)	(535,930)
Net investment income	6,890	4,340
Net change in unrealized appreciation (depreciation) on investments	(14,638)	(3,903)
Net realized gains (losses) from investment transactions and extinguishment of debt	(2,022)	(173)
Tax (provision) benefit on realized and unrealized gains (losses) on investments	(403)	(346)
Distributions to Stockholders	(3,958)	(4,967)
Ending balance	$ (616,211)	$ (540,979)

Related Party Transactions - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2026	Sep. 30, 2025	Mar. 31, 2025	Oct. 15, 2025
Related Party Transaction [Line Items]
Management fees	$ 1,705,000		$ 1,466,000
Incentive fees	873,000		920,000
Administrative services expense	$ 543,000		411,000
2028 Notes and 2030 Notes
Related Party Transaction [Line Items]
Advisory fee, percentage				0.25%
Aggregate principal amount				$ 110,000,000
Deferred financing costs, net				$ 300,000
Advisory Agreement
Related Party Transaction [Line Items]
Related party transaction, terms of terminate advisory agreement	In accordance with the 1940 Act, without payment of any penalty, we may terminate the Advisory Agreement with the Adviser upon 60 days’ written notice. The decision to terminate the Advisory Agreement may be made by a majority of the Board or the stockholders holding a majority of the outstanding shares of our common stock. See “Advisory Agreement—Removal of Adviser” below. In addition, without payment of any penalty, the Adviser may generally terminate the Advisory Agreement upon 60 days’ written notice and, in certain circumstances, the Adviser may only be able to terminate the Advisory Agreement upon 120 days’ written notice.
Related party transaction, terms of removal of adviser	The Adviser may be removed by the Board or by the affirmative vote of a Majority of the Outstanding Shares. “Majority of the Outstanding Shares” means the lesser of (1) 67% or more of the outstanding shares of our common stock present at a meeting, if the holders of more than 50% of the outstanding shares of our common stock are present or represented by proxy or (2) a majority of outstanding shares of our common stock.
Management fee, description	For the period from the date of the Advisory Agreement (the “Effective Date”) through the end of the first calendar quarter after the Effective Date, the Base Management Fee will be calculated at an annual rate of 1.50% of the Company’s gross assets, excluding cash and cash equivalents, but including assets purchased with borrowed amounts, as of the end of such calendar quarter. Subsequently, the Base Management Fee will be 1.50% of the Company’s average gross assets, excluding cash and cash equivalents, but including assets purchased with borrowed amounts, at the end of the two most recently completed calendar quarters; provided, however, that the Base Management Fee will be 1.00% of the Company’s average gross assets, excluding cash and cash equivalents, but including assets purchased with borrowed amounts, that exceed the product of (i) 200% and (ii) the value of the Company’s net asset value at the end of the most recently completed calendar quarter.
Incentive fee, description	The Incentive Fee consists of two parts: (1) a portion based on the Company’s pre-incentive fee net investment income (the “Income-Based Fee”) and (2) a portion based on the net capital gains received on the Company’s portfolio of securities on a cumulative basis for each calendar year, net of all realized capital losses and all unrealized capital depreciation on a cumulative basis, in each case calculated from the Effective Date, less the aggregate amount of any previously paid capital gains Incentive Fee (the “Capital Gains Fee”).
Percentage of pre-incentive fee net investment income	17.50%
Percentage of hurdle rate	7.00%
Percentage of capital gains fee	17.50%
Percentage of cumulative realized capital gains	17.50%
Management fees	$ 1,700,000		1,500,000
Incentive fees	$ 900,000		900,000
Administration Agreement
Related Party Transaction [Line Items]
Related party transaction, terms of terminate administration agreement	The Company may terminate the Administration Agreement, without payment of any penalty, upon 60 days’ written notice. The decision to terminate the Administration Agreement may be made by a majority of the Board or the stockholders holding a Majority of the Outstanding Shares. In addition, the Adviser may terminate the Administration Agreement, without payment of any penalty, upon 60 days’ written notice.
Administrative services expense	$ 500,000		$ 400,000
Incentive Fee Waiver Agreement
Related Party Transaction [Line Items]
Incentive fees waived		$ 187,500
Incentive Fee Waiver Agreement \| Maximum
Related Party Transaction [Line Items]
Incentive fees earned	1,250,000
Incentive Fee Waiver Agreement \| Maximum \| Waiver Cap
Related Party Transaction [Line Items]
Incentive fees earned	$ 187,500

LRFC Acquisition - Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed (Parenthetical) (Details) - USD ($)
$ / shares in Units, $ in Thousands

Jul. 15, 2025

Mar. 31, 2026

Dec. 31, 2025

Business Combination [Line Items]

Investments at fair value, amortized cost

$ 556,390

^{[1],[2],[3],[4],[5],[6]}

$ 565,839

^{[7],[8],[9],[10],[11],[12]}

Common stock, issued

14,009,104

14,003,016

LRFC Acquisition

Business Combination [Line Items]

Offering costs

$ 404

Investments at fair value, amortized cost

$ 153,392

Business acquisition, share price per share

$ 12.55

LRFC Acquisition | Common Stock

Business Combination [Line Items]

Common stock, issued

3,984,078

[1]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[2]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[3]	Percentages are based on net assets as of March 31, 2026.
[4]	Reflects the fair market value of all investments as of March 31, 2026 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[5]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[6]	The aggregate cost of investments for federal income tax purposes is approximately $573.5 million. The aggregate gross unrealized appreciation is approximately $66.7 million, the aggregate gross unrealized depreciation is approximately $163.3 million, and the net unrealized depreciation is approximately $96.6 million.
[7]	All debt investments are income producing, unless otherwise noted. Equity and warrant investments are non-income producing, unless otherwise noted.
[8]	All investments valued using unobservable inputs (Level III), unless otherwise noted.
[9]	Percentages are based on net assets as of December 31, 2025.
[10]	Reflects the fair market value of all investments as of December 31, 2025 as determined in good faith using significant unobservable inputs by the Adviser in its role as “valuation designee” in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company’s board of directors (the “Board”).
[11]	The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[12]	The aggregate cost of investments for federal income tax purposes is approximately $582.7 million. The aggregate gross unrealized appreciation is approximately $65.5 million, the aggregate gross unrealized depreciation is approximately $147.2 million, and the net unrealized depreciation is approximately $81.8 million.

- Definition

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+ Details

- Definition

Cost of the investment.

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+ Details

Borrowings - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Jul. 15, 2025
Debt Instrument [Line Items]
Long-term debt	$ 336,403	$ 306,881
2026 Notes
Debt Instrument [Line Items]
Long-term debt	49,783	49,688
2028 Notes
Debt Instrument [Line Items]
Long-term debt	34,218	34,149
2029 Notes
Debt Instrument [Line Items]
Long-term debt	49,119
2030 Notes
Debt Instrument [Line Items]
Long-term debt	72,682	72,577
2032 Convertible Notes
Debt Instrument [Line Items]
Long-term debt	1,901	1,898	$ 2,500
Great Lakes Portman Ridge Funding LLC Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	79,309	106,804
KeyBank Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 49,391	$ 41,765

- Definition

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- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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+ Details

Segment Reporting - Additional Information (Details)	3 Months Ended
Segment Reporting - Additional Information (Details)	Mar. 31, 2026 Segment
Segment Reporting [Abstract]
Number of operating segment	1
Number of reporting segment	1
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	Chief Executive Officer Chief Financial Officer And Chief Investment [Member]
Segment reporting, CODM, profit (loss) measure, how used, description	CODM assesses the performance and makes operating decisions of the Company on a consolidated basis primarily based on the Company’s net increase in net assets resulting from operations (“net income”). Net income is comprised of total investment income (“segment revenues”) and total expenses (“significant segment expenses”), which are considered the key segment measures of profit or loss reviewed by the CODM.

Borrowings - Schedule of Information about Senior Securities (Parenthetical) (Details) - USD ($)	3 Months Ended	5 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2017	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Oct. 14, 2025	Oct. 07, 2025	Jul. 15, 2025	Mar. 28, 2024	Jun. 30, 2021	Apr. 30, 2021
Debt Instrument [Line Items]
Asset coverage per unit measure per dollar	$ 1,000,000
7.375% Notes Due 2019
Debt Instrument [Line Items]
Interest Rate	7.375%
Average market value per par value						$ 1,016,040.00	$ 1,000,000	$ 1,011,960
6.125% Notes Due 2022
Debt Instrument [Line Items]
Interest Rate	6.125%													6.125%
Average market value per par value		$ 1,006,000	$ 953,200	$ 1,009,930	$ 1,009,200
4.875% Notes due 2026
Debt Instrument [Line Items]
Interest Rate									4.875%				4.875%
Aggregate principal amount									$ 108,000,000
4.875% Notes due 2026 \| Unsecured Debt
Debt Instrument [Line Items]
Interest Rate														4.875%
2026 Notes
Debt Instrument [Line Items]
Interest Rate										5.25%	5.25%	6.00%
2032 Convertible Notes
Debt Instrument [Line Items]
Interest Rate										5.25%	6.00%	5.25%

Organization

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

1. ORGANIZATION

BCP Investment Corporation (“BCIC” or the “Company”), formerly known as Portman Ridge Finance Corporation, is an externally managed, non-diversified closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company was formed as a Delaware limited liability company on August 8, 2006 and, prior to the issuance of shares of the Company’s common stock in its initial public offering (“IPO”), converted to a corporation incorporated in Delaware on December 11, 2006.

The Company originates, structures, and invests in secured term loans, bonds or notes and mezzanine debt primarily in privately-held middle market companies but may also invest in other investments such as loans to publicly-traded companies, high-yield bonds, and distressed debt securities (collectively the “Debt Securities Portfolio”). The Company also invests in debt and subordinated securities issued by collateralized loan obligation funds (“CLO Fund Securities”). In addition, from time to time the Company may invest in the equity securities of privately held middle market companies and may also receive warrants or options to purchase common stock in connection with its debt investments.

The Company has elected to be treated and intends to continue to qualify as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a RIC, the Company must, among other things, meet certain source-of-income, asset diversification and annual distribution requirements. As a RIC, the Company generally will not have to pay corporate-level U.S. federal income taxes on any income that it distributes in a timely manner to its stockholders.

On March 29, 2018, the Company’s Board of Directors (the “Board”), including a “required majority” (as such term is defined in Section 57(o) of the 1940 Act) of the Board, approved the modified asset coverage requirements set forth in Section 61(a)(2) of the 1940 Act, as amended by the Small Business Credit Availability Act (“SBCA”). As a result, the Company’s asset coverage requirement for senior securities changed from 200% to 150%, effective as of March 29, 2019.

During the third quarter of 2017, the Company formed a joint venture with Freedom 3 Opportunities LLC (“Freedom 3 Opportunities”), an affiliate of Freedom 3 Capital LLC, to create KCAP Freedom 3 LLC (the “F3C Joint Venture”). The F3C Joint Venture may originate loans from time to time and sell them to the fund capitalized by the F3C Joint Venture.

On November 8, 2018, the Company entered into an agreement with LibreMax Intermediate Holdings, LP (“LibreMax”) under which a wholly-owned subsidiary of the Company sold the Company’s wholly-owned asset manager subsidiaries Katonah Debt Advisors, LLC (“Katonah Debt Advisors”), Trimaran Advisors, L.L.C. (“Trimaran Advisors”), and Trimaran Advisors Management, L.L.C. (“Trimaran Advisors Management” and, together with Katonah Debt Advisors and Trimaran Advisors, the “Disposed Manager Affiliates”), for a cash purchase price of approximately $37.9 million (the “LibreMax Transaction”). The LibreMax Transaction closed on December 31, 2018. As of March 31, 2026, the Company’s remaining wholly-owned asset management subsidiaries (the “Asset Manager Affiliates”) were comprised of Katonah Management Holdings, LLC, and KCAP Management, LLC. Prior to their sale in the LibreMax Transaction, the Disposed Manager Affiliates represented substantially all of the Company’s investment in the Asset Manager Affiliates.

On August 22, 2025, the Company changed its name from Portman Ridge Finance Corporation to BCP Investment Corporation and on August 25, 2025, began trading on the NASDAQ Global Select Market under the symbol “BCIC.”

The Externalization Agreement

On December 14, 2018, the Company entered into a stock purchase and transaction agreement (the “Externalization Agreement”) with BC Partners Advisors L.P. (“BCP”), an affiliate of BC Partners LLP, (“BC Partners”), through which Sierra Crest Investment Management LLC (the “Adviser”), an affiliate of BC Partners, became the Company’s investment adviser pursuant to an investment advisory Agreement (the “Advisory Agreement”) with the Company. At a special meeting of the Company’s stockholders (the “Special Meeting”) held on February 19, 2019, the Company’s stockholders approved the Advisory Agreement. The transactions contemplated by the Externalization Agreement closed on April 1, 2019 (the “Closing”), and the Company commenced operations as an externally managed BDC managed by the Adviser on that date.

About the Adviser

The Adviser is an affiliate of BC Partners. Subject to the overall supervision of the Board, the Adviser is responsible for managing the Company’s business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring the Company’s investments, and monitoring the Company’s portfolio companies on an ongoing basis through a team of investment professionals.

The Adviser seeks to invest on behalf of the Company in performing, well-established middle market businesses that operate across a wide range of industries (i.e., no concentration in any one industry). The Adviser employs fundamental credit analysis, targeting investments in businesses with relatively low levels of cyclicality and operating risk. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility. The Adviser has experience managing levered vehicles, both public and private, and seeks to enhance the Company’s returns through the use of leverage with a prudent approach that prioritizes capital preservation. The Adviser believes this strategy and approach offers attractive risk/return with lower volatility given the potential for fewer defaults and greater resilience through market cycles.

During the fourth quarter of 2020, LibreMax Intermediate Holdings, LP (“LibreMax”) sold its minority stake in the Adviser to a wholly-owned subsidiary of Mount Logan Capital Inc. (“Mount Logan”). An affiliate of BC Partners serves as administrator to Mount Logan.

GARS Transaction

On October 28, 2020, we completed our acquisition of Garrison Capital Inc., a publicly traded BDC (“GARS”, and such transaction, the “GARS Acquisition”). To effect the acquisition, our wholly owned merger subsidiary merged with and into GARS, with GARS surviving the merger as our wholly owned subsidiary. Immediately thereafter and as a single integrated transaction, GARS consummated a second merger, whereby GARS merged with and into us, with the Company surviving the merger.

In accordance with the terms of the merger agreement for the GARS Acquisition, dated June 24, 2020 (the “GARS Merger Agreement”), each share of common stock, par value $0.001 per share, of GARS (the “GARS Common Stock”) issued and outstanding was converted into the right to receive (i) an amount in cash, without interest, equal to approximately $1.19 and (ii) approximately 1.917 shares of common stock, par value $0.01 per share, of the Company (plus any applicable cash in lieu of fractional shares). Each share of GARS Common Stock issued and outstanding received, as additional consideration funded by the Adviser, an amount in cash, without interest, equal to approximately $0.31.

HCAP Transaction

On June 9, 2021, we completed our acquisition of Harvest Capital Credit Corporation, a publicly traded BDC (“HCAP”, and such transaction the “HCAP Acquisition”). To effect the acquisition, our wholly owned merger subsidiary (the “Acquisition Sub”) merged with and into HCAP, with HCAP surviving the merger as the Company’s wholly owned subsidiary. Immediately thereafter and as a single integrated transaction, HCAP consummated a second merger, whereby HCAP merged with and into the Company, with the Company surviving the merger. As a result of, and as of the effective time of, the second merger, HCAP’s separate corporate existence ceased.

Under the terms of the merger agreement for the HCAP Acquisition, dated December 23, 2020, HCAP stockholders as of immediately prior to the effective time of the first merger (other than shares held by a subsidiary of HCAP or held, directly or indirectly, by the Company or Acquisition Sub, and all treasury shares) received a combination of (i) $18.54 million in cash paid by the Company, (ii) 15,252,453 validly issued, fully paid and non-assessable shares of the Company’s common stock, par value $0.01 per share, and (iii) an additional cash payment from the Adviser of $2.15 million in the aggregate.

LRFC Transaction

On July 15, 2025, the Company announced the completion of its acquisition of Logan Ridge Finance Corporation, a Maryland corporation (“LRFC”, and such transaction, the “LRFC Acquisition”), pursuant to the terms of the merger agreement, dated January 29, 2025 (the “LRFC Merger Agreement”). To effect the acquisition, a wholly owned merger subsidiary of the Company merged with and into LRFC, with LRFC surviving the merger as the Company’s wholly owned subsidiary. Immediately thereafter and as a single integrated transaction, LRFC consummated a second merger, whereby LRFC merged with and into the Company, with the Company surviving the merger.

Under the terms of the LRFC Merger Agreement, each share of LRFC common stock issued and outstanding was converted into the right to receive 1.500 newly-issued shares of common stock of the Company, par value $0.01 per share, with cash paid (without interest) in lieu of fractional shares. As additional consideration funded by LRFC’s investment adviser, LRFC shareholders of record as of May 6, 2025 received a cash payment of $0.47 per share. In addition, LRFC shareholders of record as of July 14, 2025 received a tax distribution of $0.38 per share from LRFC. Refer to Note 11 — “LRFC Acquisition” of our notes to the consolidated financial statements for additional information on the LRFC Acquisition.

Stockholders' Equity - Additional Information (Details) - USD ($) $ in Thousands					3 Months Ended
	Mar. 04, 2026	Mar. 12, 2025	Mar. 11, 2024	Mar. 06, 2023	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Termination date of stock repurchase program	Mar. 31, 2027	Mar. 31, 2026	Mar. 31, 2025
Common stock issued under dividend reinvestment plan					6,088	4,695
Shares outstanding at end of period					12,375,787	9,202,870	12,541,858
Stock repurchases, value					$ 2,064
2023 Stock Repurchase Program
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock repurchase program, authorized amount				$ 10,000
Termination date of stock repurchase program				Mar. 31, 2024
2024 Stock Repurchase Program
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock repurchase program, authorized amount			$ 10,000
Period of stock repurchase program			1 year
Stock repurchases, shares						0
2025 Stock Repurchase Program
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock repurchase program, authorized amount		$ 10,000
Period of stock repurchase program		1 year
Stock repurchases, shares						0
2026 Stock Repurchase Program
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 10,000
Period of stock repurchase program	1 year
Stock repurchases, shares					172,159
Stock repurchases, value					$ 2,100

Related Party Transactions

3 Months Ended

Mar. 31, 2026

Related Party Transactions

5. RELATED PARTY TRANSACTIONS

Advisory Agreement

The Adviser provides management services to the Company pursuant to the Advisory Agreement. Under the terms of the Advisory Agreement, the Adviser is responsible for the following:

(1)

managing the Company’s assets in accordance with our investment objective, policies and restrictions;

(2)

determining the composition of the Company’s portfolio, the nature and timing of the changes to the portfolio and the manner of implementing such changes;

(3)

identifying, evaluating and negotiating the structure of the Company’s investments;

(4)

monitoring the Company’s investments;

(5)

determining the securities and other assets that the Company will purchase, retain or sell;

(6)

assisting the Board with its valuation of the Company’s assets;

(7)

directing investment professionals of the Adviser to provide managerial assistance to the Company’s portfolio companies;

(8)

performing due diligence on prospective portfolio companies;

(9)

exercising voting rights in respect of portfolio securities and other investments for the Company;

(10)

serving on, and exercising observer rights for, boards of directors and similar committees of our portfolio companies; and

(11)

providing the Company with such other investment advisory, research and related services as we may, from time to time, reasonably require for the investment of capital.

The Adviser’s services under the Advisory Agreement are not exclusive, and it is free to furnish similar services to other entities so long as its services to the Company are not impaired.

Term

Unless earlier terminated as described below, the Advisory Agreement will remain in effect from year-to-year if approved annually by a majority of the Board or by the holders of a majority of the outstanding shares, and, in each case, a majority of the independent directors.

The Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related Securities and Exchange Commission (“SEC”) guidance and interpretations in the event of its assignment. In accordance with the 1940 Act, without payment of any penalty, we may terminate the Advisory Agreement with the Adviser upon 60 days’ written notice. The decision to terminate the Advisory Agreement may be made by a majority of the Board or the stockholders holding a majority of the outstanding shares of our common stock. See “Advisory Agreement—Removal of Adviser” below. In addition, without payment of any penalty, the Adviser may generally terminate the Advisory Agreement upon 60 days’ written notice and, in certain circumstances, the Adviser may only be able to terminate the Advisory Agreement upon 120 days’ written notice.

Removal of Adviser

The Adviser may be removed by the Board or by the affirmative vote of a Majority of the Outstanding Shares. “Majority of the Outstanding Shares” means the lesser of (1) 67% or more of the outstanding shares of our common stock present at a meeting, if the holders of more than 50% of the outstanding shares of our common stock are present or represented by proxy or (2) a majority of outstanding shares of our common stock.

Compensation of Adviser

Pursuant to the terms of the Advisory Agreement, the Company pays the Adviser (i) a base management fee (the “Base Management Fee”) and (ii) an incentive fee (the “Incentive Fee”). For the period from the date of the Advisory Agreement (the “Effective Date”) through the end of the first calendar quarter after the Effective Date, the Base Management Fee will be calculated at an annual rate of 1.50% of the Company’s gross assets, excluding cash and cash equivalents, but including assets purchased with borrowed amounts, as of the end of such calendar quarter. Subsequently, the Base Management Fee will be 1.50% of the Company’s average gross assets, excluding cash and cash equivalents, but including assets purchased with borrowed amounts, at the end of the two most recently completed calendar quarters; provided, however, that the Base Management Fee will be 1.00% of the Company’s average gross assets, excluding cash and cash equivalents, but including assets purchased with borrowed amounts, that exceed the product of (i) 200% and (ii) the value of the Company’s net asset value at the end of the most recently completed calendar quarter. The Incentive Fee consists of two parts: (1) a portion based on the Company’s pre-incentive fee net investment income (the “Income-Based Fee”) and (2) a portion based on the net capital gains received on the Company’s portfolio of securities on a cumulative basis for each calendar year, net of all realized capital losses and all unrealized capital depreciation on a cumulative basis, in each case calculated from the Effective Date, less the aggregate amount of any previously paid capital gains Incentive Fee (the “Capital Gains Fee”). The Income-Based Fee is 17.50% of pre-incentive fee net investment income with a 7.00% hurdle rate. The Capital Gains Fee is 17.50%.

In connection with the LRFC Acquisition, the Company entered into an incentive fee waiver agreement ( the “Incentive Fee Waiver Agreement”) with the Adviser. Under the Incentive Fee Waiver Agreement, the Adviser has agreed to waive a specified portion of its Incentive Fees to offset certain costs and expenses incurred by the Company in connection with, and in pursuance of, the LRFC Acquisition. For the fiscal quarter ended September 30, 2025 (the “Initial Fiscal Quarter”), the Adviser waived $187,500 of Incentive Fees earned during that period. For each of the first through seventh full fiscal quarters following the Initial Fiscal Quarter (each, a “Subsequent Fiscal Quarter”), the Adviser shall waive Incentive Fees equal to the lesser of (a) the Incentive Fees earned in such quarter less $1,250,000 and (b) $187,500 (the “Waiver Cap”). If the waived amount in any Subsequent Fiscal Quarter is less than the Waiver Cap, the shortfall shall be carried forward by increasing the Waiver Cap in subsequent quarters until the earlier of (i) the end of the seventh full fiscal quarter following the Initial Fiscal Quarter or (ii) the point at which cumulative waived fees equal the total shortfall. Any Incentive Fees waived under the Incentive Fee Waiver Agreement are not subject to reimbursement or recoupment.

Pre-incentive fee net investment income means dividends (including reinvested dividends), interest and fee income accrued by the Company during the calendar quarter, minus operating expenses for the quarter (including the management fee, expenses payable under the Administration Agreement (as defined below), and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-incentive fee net investment income includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with payment-in-kind (“PIK”) interest and zero coupon securities), accrued income that the Company may not have received in cash. The Adviser is not obligated to return the incentive fee it receives on PIK interest that is later determined to be uncollectible in cash. Pre-incentive fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. In connection with the LRFC Acquisition, the Company excludes from pre-incentive fee net investment income any accretion of purchase discount attributable to the adjustment made to the cost basis of acquired assets at the time of the LRFC Acquisition (including the step-down in U.S. GAAP basis from the purchase discount allocation and the reversal, through accretion, of the day-one unrealized appreciation recognized under ASC 946 at acquisition). However, accretion of income from the amortized cost basis of LRFC investments immediately prior to the merger (i.e., carryover tax basis) is included in pre-incentive fee net investment income, as such accretion is taxable and reflects economic income earned by the Company.

To determine the income incentive fee, pre-incentive fee net investment income is expressed as a rate of return on the value of our net assets at the end of the immediately preceding calendar quarter. Because of the structure of the incentive fee, it is possible that the Company may pay an incentive fee in a calendar quarter in which the Company incurs a loss. For example, if the Company receives pre-incentive fee net investment income in excess of the quarterly hurdle rate, the Company will pay the applicable incentive fee even if the Company has incurred a loss in that calendar quarter due to realized capital losses and unrealized capital depreciation. In addition, because the quarterly hurdle rate is calculated based on our net assets, decreases in the Company’s net assets due to realized capital losses or unrealized capital depreciation in any given calendar quarter may increase the likelihood that the hurdle rate is reached and therefore the likelihood of the Company paying an incentive fee for the subsequent quarter. The Company’s net investment income used to calculate this component of the incentive fee is also included in the amount of the Company’s gross assets used to calculate the management fee because gross assets are total assets (including cash received) before deducting liabilities (such as declared dividend payments).

The second component of the incentive fee, the capital gains incentive fee, payable at the end of each calendar year in arrears, equals 17.50% of cumulative realized capital gains through the end of such calendar year commencing with the calendar year ending December 31, 2019, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, excluding any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation due to the purchase discount attributable to the adjustment made to the cost basis of acquired assets at the time of the LRFC Acquisition, in each case calculated from the Effective Date, less the aggregate amount of any previously paid capital gains incentive fee for prior periods. The Company will accrue, but will not pay, a capital gains incentive fee with respect to unrealized appreciation because a capital gains incentive fee would be owed to the Adviser if the Company were to sell the relevant investment and realize a capital gain. In no event will the capital gains incentive fee payable pursuant to the Advisory Agreement be in excess of the amount permitted by the Investment Advisers Act of 1940, as amended (the “Advisers Act”) including Section 205 thereof.

The fees that are payable under the Advisory Agreement for any partial period will be appropriately prorated.

Limitations of Liability and Indemnification

Under the Advisory Agreement, the Adviser, its officers, managers, partners, agents, employees, controlling persons, members and any other person or entity affiliated with the Adviser, including without limitation its managing member, will not be liable to the Company for acts or omissions performed in accordance with and pursuant to the Advisory Agreement, except those resulting from acts constituting criminal conduct, gross negligence, willful misfeasance, bad faith or reckless disregard of the duties that the Adviser owes to the Company under the Advisory Agreement. In addition, as part of the Advisory Agreement, the Company has agreed to indemnify the Adviser and each of its officers, managers, partners, agents, employees, controlling persons, members and any other person or entity affiliated with the Adviser, including without limitation its general partner, and the Administrator from and against any damages, liabilities, costs and expenses, including reasonable legal fees and other expenses reasonably incurred, in or by reason of any pending, threatened or completed action, suit, investigation or other proceeding (including an action or suit by or in the right of the Company or its security holders) arising out of or otherwise based upon the performance of any of the Adviser’s duties or obligations under the Advisory Agreement or otherwise as an investment adviser of the Company, except where attributable to criminal conduct, gross negligence, willful misfeasance, bad faith or reckless disregard of such person’s duties under the Advisory Agreement.

Board Approval of the Advisory Agreement

On December 12, 2018, the then-current Board of the Company held an in-person meeting to consider and approve the Advisory Agreement and related matters, and on April 1, 2019 the Company entered into the Advisory Agreement with the Adviser. The Board most recently determined to re-approve the Advisory Agreement at a meeting held on March 4, 2026. In reaching a decision to re-approve the Advisory Agreement, the Board was provided the information required to consider the Advisory Agreement, including: (a) the nature, quality and extent of the investment advisory and other services to be provided to the Company by the Adviser; (b) comparative data with respect to investment advisory fees or similar expenses paid by other BDCs with similar investment objectives; (c) the Company projected operating expenses and expense ratio compared to BDCs with similar investment objectives; (d) any existing and potential sources of indirect income to the Adviser from its relationship with the Company and the profitability of that relationship; (e) information about the services to be performed and the personnel performing such services under the Advisory Agreement; and (f) the organizational capability and financial condition of the Adviser and its affiliates.

The Board, including a majority of independent directors will oversee and monitor the Company’s investment performance and annually reviews the compensation we pay to the Adviser.

The Company incurred base management fees for the three months ended March 31, 2026 and 2025 of approximately $1.7 million and $1.5 million, respectively. The Company incurred incentive fees for the three months ended March 31, 2026 and 2025 of approximately $0.9 million and $0.9 million, respectively.

Administration Agreement

Under the terms of the administration agreement (the “Administration Agreement”) between the Company and BC Partners Management LLC (the “Administrator”), the Administrator will perform, or oversee the performance of, required administrative services, which includes providing office space, equipment and office services, maintaining financial records, preparing reports to stockholders and reports filed with the SEC, and managing the payment of expenses and the performance of administrative and professional services rendered by others. The Company will reimburse the Administrator for services performed for us pursuant to the terms of the Administration Agreement. In addition, pursuant to the terms of the Administration Agreement, the Administrator may delegate its obligations under the Administration Agreement to an affiliate or to a third party and the Company will reimburse the Administrator for any services performed for it by such affiliate or third party.

Payments under the Administration Agreement are equal to an amount that reimburses the Administrator for its costs and expenses in performing its obligations and providing personnel and facilities (including rent, office equipment and utilities) for the Company’s use under the Administration Agreement, including an allocable portion of the compensation paid to the Company’s chief compliance officer and chief financial officer and their respective staff who provide services to the Company. The Board, including the independent directors, will review the general nature of the services provided by the Administrator as well as the related cost to the Company for those services and consider whether the cost is reasonable in light of the services provided.

Unless earlier terminated as described below, the Administration Agreement will remain in effect from year-to-year if approved annually by a majority of the Board or by the holders of a Majority of the Outstanding Shares, and, in each case, a majority of the independent directors. On April 1, 2019, the Board approved the Administration Agreement with the Administrator and the Board most recently determined to re-approve the Administration Agreement at a meeting held on March 4, 2026.

The Company may terminate the Administration Agreement, without payment of any penalty, upon 60 days’ written notice. The decision to terminate the Administration Agreement may be made by a majority of the Board or the stockholders holding a Majority of the Outstanding Shares. In addition, the Adviser may terminate the Administration Agreement, without payment of any penalty, upon 60 days’ written notice.

Administrative services expense for the three months ended March 31, 2026 and 2025, was $0.5 million and $0.4 million, respectively.

Payment of Expenses under the Advisory and Administration Agreements

Except as specifically provided below, all investment professionals and staff of the Adviser, when and to the extent engaged in providing investment advisory and management services to the Company, and the compensation and routine overhead expenses (including rent, office equipment and utilities), of such personnel allocable to such services, is provided and paid for by the Adviser. The Company bears an allocable portion of the compensation paid by the Adviser (or its affiliates) to the Company’s chief compliance officer and chief financial officer and their respective staffs (based on a percentage of time such individuals devote, on an estimated basis, to our business affairs). The Company also bears all other costs and expenses of our operations, administration and transactions, including, but not limited to (i) investment advisory fees, including management fees and incentive fees, to the Adviser, pursuant to the Advisory Agreement; (ii) an allocable portion of overhead and other expenses incurred by the Adviser (or its affiliates) in performing its administrative obligations under the Advisory Agreement, and (iii) all other expenses of our operations and transactions including, without limitation, those relating to:

•

the cost of calculating the Company’s net asset value, including the cost of any third-party valuation services;

•

the cost of effecting any sales and repurchases of the Company’s common stock and other securities;

•

fees and expenses payable under any dealer manager or placement agent agreements, if any;

•

administration fees payable under the Administration Agreement and any sub-administration agreements, including related expenses;

•

debt service and other costs of borrowings or other financing arrangements;

•

costs of hedging;

•

expenses, including travel expenses, incurred by the Adviser, or members of the investment team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing our rights;

•

transfer agent and custodial fees;

•

fees and expenses associated with marketing efforts;

•

federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies;

•

federal, state and local taxes;

•

independent directors’ fees and expenses including certain travel expenses;

•

costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration and listing fees, and the compensation of professionals responsible for the preparation of the foregoing;

•

the costs of any reports, proxy statements or other notices to stockholders (including printing and mailing costs), the costs of any stockholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related matters;

•

commissions and other compensation payable to brokers or dealers;

•

research and market data;

•

fidelity bond, directors and officers errors and omissions liability insurance and other insurance premiums;

•

direct costs and expenses of administration, including printing, mailing, long distance telephone and staff;

•

fees and expenses associated with independent audits, outside legal and consulting costs;

•

costs of winding up our affairs;

•

costs incurred by either the Administrator or us in connection with administering our business, including payments under the Administration Agreement;

•

extraordinary expenses (such as litigation or indemnification);

•

costs associated with reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws; and

•

costs associated with the Company’s legacy lease.

Co-investment Exemptive Relief

As a BDC, we are subject to certain regulatory restrictions in making investments. For example, BDCs generally are not permitted to co-invest with certain affiliated entities in transactions originated by the BDC or its affiliates in the absence of an exemptive order from the SEC. However, BDCs are permitted to, and may, simultaneously co-invest in transactions where price is the only negotiated term.

On April 10, 2023, superseding a prior exemptive order granted on October 23, 2018, the SEC issued an order granting an application for exemptive relief to us and certain of our affiliates that allows BDCs managed by the Adviser, including us, to co-invest, subject to the satisfaction of certain conditions, in certain private placement transactions, with other funds managed by the Adviser or its affiliates, certain proprietary accounts of the Adviser or its affiliates and any future funds that are advised by the Adviser or its affiliated investment advisers.

Under the terms of the exemptive order, in order for the Company to participate in a co-investment transaction a “required majority” (as defined in Section 57(o) of the 1940 Act) of the Company’s independent directors must conclude that (i) the terms of the proposed transaction, including the consideration to be paid, are reasonable and fair to the Company and its stockholders and do not involve overreaching with respect to the Company or its stockholders on the part of any person concerned, and (ii) the proposed transaction is consistent with the interests of the Company’s stockholders and is consistent with the Company’s investment objectives and strategies and certain criteria established by the Board.

Transactions with BC Partners Securities LLC

On October 15, 2025, the Company paid an affiliate of BC Partners Securities LLC a fee for services rendered in connection with the issuance of the 2028 Notes and 2030 Notes as the Company’s structuring advisor in the amount of 0.25% of the $110 million in aggregate principal issued of 2028 Notes and 2030 Notes, or $0.3 million. See Note 6 — “Borrowings” of our notes to the consolidated financial statements included herein for further information about the 2028 Notes and the 2030 Notes.

Related Party Trades

There were no transactions subject to Rule 17a-7 under the 1940 Act during the three months ended March 31, 2026 and 2025.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details