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| ​ | Maryland(State of incorporation) | ​ | ​ | 47-5049745(I.R.S. Employer Identification No.) | ​ |
|---------|----------------------------------|---------|---------|------------------------------------------------|---------|
| ​ | 205 N. Michigan Ave., Suite 4200 Chicago, IL(Address of principal executive offices) | ​ | ​ | 60601(Zip Code) | ​ |
|---------|--------------------------------------------------------------------------------------|---------|---------|-----------------|---------|
| ​ | Large accelerated filer ☐               | ​ | ​ | Accelerated filer ☐         | ​ |
|---------|-----------------------------------------------|---------|---------|-----------------------------------|---------|
| ​ | Non-accelerated filer ☒                 | ​ | ​ | Smaller reporting company ☐ | ​ |
| ​ | (do not check if a smaller reporting company) | ​ | ​ |
| ​ | Emerging growth company ☒               | ​ | ​ |
| ​ | Class                         | ​ | ​ | Outstanding at March 29, 2018 | ​ |
|---------|-------------------------------|---------|---------|-------------------------------|---------|
| ​ | Common stock, $0.01 par value | ​ | ​ | 8,668,334                     | ​ |

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| ​                                                                                                                           | ​ | ​ | PAGE    | ​ |
|-----------------------------------------------------------------------------------------------------------------------------------|---------|---------|---------|---------|
| PART I.                                                                                                                           | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Item 1.Business ​                                                                                                           | ​ | ​ | ​ | ​ | 1 | ​ | ​ |
| Item 1A.Risk Factors ​                                                                                                      | ​ | ​ | ​ | ​ | 22 | ​ | ​ |
| Item 1B.Unresolved Staff Comments ​                                                                                         | ​ | ​ | ​ | ​ | 47 | ​ | ​ |
| Item 2.Properties ​                                                                                                         | ​ | ​ | ​ | ​ | 47 | ​ | ​ |
| Item 3.Legal Proceedings ​                                                                                                  | ​ | ​ | ​ | ​ | 47 | ​ | ​ |
| Item 4.Mine Safety Disclosures ​                                                                                            | ​ | ​ | ​ | ​ | 47 | ​ | ​ |
| PART II.                                                                                                                          | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ​ | ​ | ​ | ​ | ​ | 48 | ​ | ​ |
| Item 6.Selected Financial Data ​                                                                                            | ​ | ​ | ​ | ​ | 50 | ​ | ​ |
| Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations ​                        | ​ | ​ | ​ | ​ | 51 | ​ | ​ |
| Item 7A.Quantitative and Qualitative Disclosures About Market Risk ​                                                        | ​ | ​ | ​ | ​ | 64 | ​ | ​ |
| Item 8.Financial Statements and Supplementary Data ​                                                                        | ​ | ​ | ​ | ​ | 66 | ​ | ​ |
| Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ​                               | ​ | ​ | ​ | ​ | 95 | ​ | ​ |
| Item 9A.Controls and Procedures ​                                                                                           | ​ | ​ | ​ | ​ | 95 | ​ | ​ |
| Item 9B.Other Information ​                                                                                                 | ​ | ​ | ​ | ​ | 95 | ​ | ​ |
| PART III.                                                                                                                         | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Item 10.Directors, Executive Officers and Corporate Governance ​                                                            | ​ | ​ | ​ | ​ | 96 | ​ | ​ |
| Item 11.Executive Compensation ​                                                                                            | ​ | ​ | ​ | ​ | 96 | ​ | ​ |
| Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ​                    | ​ | ​ | ​ | ​ | 96 | ​ | ​ |
| Item 13.Certain Relationships and Related Transactions, and Director Independence ​                                         | ​ | ​ | ​ | ​ | 96 | ​ | ​ |
| Item 14.Principal Accounting Fees and Services ​                                                                            | ​ | ​ | ​ | ​ | 96 | ​ | ​ |
| PART IV.                                                                                                                          | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Item 15.Exhibits and Financial Statement Schedules ​                                                                        | ​ | ​ | ​ | ​ | 97 | ​ | ​ |
| Signatures                                                                                                                        | ​ | ​ | ​ | ​ | 99 | ​ | ​ |

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| ​                                                             | ​ | ​ | Year ended December 31, 2017 | ​ | ​     | Year ended December 31, 2016 | ​ | ​ | Inception through December 31, 2015 | ​ |
|---------------------------------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|---------|-------------------------------------|---------|
| Income Statement Data:                                              | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                             | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Total Investment Income                                             | ​ | ​ | ​                      | $       | 3,189,839   | ​                      | ​ | ​ | ​                             | $       | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Total Operating Expenses                                            | ​ | ​ | ​                      | ​ | 5,031,385   | ​                      | ​ | ​ | ​                             | ​ | 902,980 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net Investment Loss                                                 | ​ | ​ | ​                      | ​ | (1,841,546) | ​                      | ​ | ​ | ​                             | ​ | (902,980) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on investments | ​ | ​ | ​                      | ​ | 405,251     | ​                      | ​ | ​ | ​                             | ​ | (61) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net Decrease in Net Assets Resulting from Operations                | ​ | ​ | ​                      | ​ | (1,436,295) | ​                      | ​ | ​ | ​                             | ​ | (903,041) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Per Share Data:                                                     | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                             | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net Investment Loss(1)                                              | ​ | ​ | ​                      | ​ | (0.66)      | ​                      | ​ | ​ | ​                             | ​ | (83.81) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net Decrease in Net Assets Resulting from Operations(1)             | ​ | ​ | ​                      | ​ | (0.51)      | ​                      | ​ | ​ | ​                             | ​ | (83.82) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Balance Sheet Data:                                                 | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                             | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Non-control/non-affiliate investments at fair value                 | ​ | ​ | ​                      | ​ | 68,216,859  | ​                      | ​ | ​ | ​                             | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Investment in U.S. Treasury Bills at fair value                     | ​ | ​ | ​                      | ​ | 72,504,649  | ​                      | ​ | ​ | ​                             | ​ | 2,999,849 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Cash                                                                | ​ | ​ | ​                      | ​ | 8,141,670   | ​                      | ​ | ​ | ​                             | ​ | 1,039,931 | ​ | ​ | ​ | ​ | ​ | 25,000 | ​ | ​ |
| Capital contributions receivable                                    | ​ | ​ | ​                      | ​ | —     | ​                      | ​ | ​ | ​                             | ​ | 60,783 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Due from affiliate                                                  | ​ | ​ | ​                      | ​ | 23,970      | ​                      | ​ | ​ | ​                             | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Accrued interest receivable                                         | ​ | ​ | ​                      | ​ | 330,926     | ​                      | ​ | ​ | ​                             | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other accounts receivable                                           | ​ | ​ | ​                      | ​ | 25,154      | ​                      | ​ | ​ | ​                             | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Prepaid expenses                                                    | ​ | ​ | ​                      | ​ | 96,449      | ​                      | ​ | ​ | ​                             | ​ | 85,097 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Total Assets                                                        | ​ | ​ | ​                      | $       | 149,339,677 | ​                      | ​ | ​ | ​                             | $       | 4,185,660 | ​ | ​ | ​ | ​ | $ | 25,000 | ​ | ​ |
| Total Net Assets                                                    | ​ | ​ | ​                      | $       | 127,040,377 | ​                      | ​ | ​ | ​                             | $       | 3,476,672 | ​ | ​ | ​ | ​ | $ | 25,000 | ​ | ​ |
| Other Data:                                                         | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                             | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Total Return based on Net Asset Value(2)                            | ​ | ​ | ​                      | ​ | 41.23%      | ​                      | ​ | ​ | ​                             | ​ | (30.80)% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Weighted average shares outstanding for period, basic               | ​ | ​ | ​                      | ​ | 2,795,274   | ​                      | ​ | ​ | ​                             | ​ | 10,774 | ​ | ​ | ​ | ​ | ​ | 1,667 | ​ | ​ |

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| Investments                 | ​ | ​ | Cost    | ​ | ​     | Fair Value | ​ | ​ | Percentage of Total Portfolio | ​ |
|-----------------------------|---------|---------|---------|---------|-------------|------------|---------|---------|-------------------------------|---------|
| Portfolio Investments       | ​ | ​ | ​ | ​ | ​     | ​    | ​ | ​ | ​                       | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Senior Secured Term Loans   | ​ | ​ | ​ | $       | 63,977,756  | ​    | ​ | ​ | ​                       | $       | 63,977,756 | ​ | ​ | ​ | ​ | ​ | 45.5% | ​ | ​ |
| Warrants                    | ​ | ​ | ​ | ​ | 3,833,913   | ​    | ​ | ​ | ​                       | ​ | 4,239,103 | ​ | ​ | ​ | ​ | ​ | 3.0 | ​ | ​ |
| Total Portfolio Investments | ​ | ​ | ​ | ​ | 67,811,669  | ​    | ​ | ​ | ​                       | ​ | 68,216,859 | ​ | ​ | ​ | ​ | ​ | 48.5 | ​ | ​ |
| U.S. Treasury Bill          | ​ | ​ | ​ | ​ | 72,504,649  | ​    | ​ | ​ | ​                       | ​ | 72,504,649 | ​ | ​ | ​ | ​ | ​ | 51.5 | ​ | ​ |
| Total Investments           | ​ | ​ | ​ | $       | 140,316,318 | ​    | ​ | ​ | ​                       | $       | 140,721,508 | ​ | ​ | ​ | ​ | ​ | 100.0% | ​ | ​ |
| ​                     |
| Investments        | ​ | ​ | Cost    | ​ | ​   | Fair Value | ​ | ​ | Percentage of Total Portfolio | ​ |
|--------------------|---------|---------|---------|---------|-----------|------------|---------|---------|-------------------------------|---------|
| U.S. Treasury Bill | ​ | ​ | ​ | $       | 2,999,910 | ​    | ​ | ​ | ​                       | $       | 2,999,849 | ​ | ​ | ​ | ​ | ​ | 100.0% | ​ | ​ |
| ​            |

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| ​                                                             | ​ | ​ | Year Ended December 31, 2017 | ​ | ​      | Year Ended December 31, 2016 | ​ |
|---------------------------------------------------------------------|---------|---------|------------------------------|---------|--------------|------------------------------|---------|
| Beginning Investment Portfolio                                      | ​ | ​ | ​                      | $       | 2,999,849    | ​                      | ​ | ​ | ​ | $ | — | ​ | ​ |
| Purchase of Investments                                             | ​ | ​ | ​                      | ​ | 67,005,037   | ​                      | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Purchase of U.S. Treasury Bills                                     | ​ | ​ | ​                      | ​ | 156,977,177  | ​                      | ​ | ​ | ​ | ​ | 2,999,910 | ​ | ​ |
| Amortization of Fixed Income Premiums and Discounts                 | ​ | ​ | ​                      | ​ | 834,194      | ​                      | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Sales and Maturities of U.S. Treasury Bills                         | ​ | ​ | ​                      | ​ | (87,500,000) | ​                      | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net Change in Unrealized Appreciation (Depreciation) on Investments | ​ | ​ | ​                      | ​ | 405,251      | ​                      | ​ | ​ | ​ | ​ | (61) | ​ | ​ |
| Ending Investment Portfolio                                         | ​ | ​ | ​                      | $       | 140,721,508  | ​                      | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ |
| ​                                                             |

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| ​ | Investment Rating | ​ | ​ | Rating Definition                                                                                                                                                                                                                                                                                                                                                                       | ​ |
|---------|-------------------|---------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
| ​ | 1                 | ​ | ​ | Performing above plan of record and/or strong enterprise profile, value, financial performance/​coverage. Maintaining full covenant and payment compliance as agreed.                                                                                                                                                                                                             | ​ |
| ​ | 2                 | ​ | ​ | Performing at or reasonably close to plan of record. Acceptable business prospects, enterprise value, financial coverage. Maintaining full covenant and payment compliance as agreed. All new loans are initially graded Category 2.                                                                                                                                                    | ​ |
| ​ | 3                 | ​ | ​ | Performing below plan of record. Potential elements of concern over performance, trends and business outlook. Enterprise and financial coverage remain adequate. Some potential covenant non-compliance. Full payment compliance.                                                                                                                                                       | ​ |
| ​ | 4                 | ​ | ​ | Performing materially below plan of record. Non-compliant with material financial covenants. Payment default/deferral could result without corrective action. Requires close monitoring. Business prospects, enterprise value and collateral coverage declining. These investments may be in workout, and there is a possibility of loss of return but no loss of principal is expected | ​ |
| ​ | 5                 | ​ | ​ | Going concern nature in question. Substantial decline in enterprise value and all coverages. Covenant and payment default imminent if not currently present. Investments are nearly always in workout. May experience partial and/or full loss.                                                                                                                                         | ​ |
| ​           | ​ | ​ | As of December 31, 2017 | ​ |
|-------------------|---------|---------|-------------------------|---------|
| Investment Rating | ​ | ​ | Fair Value              | ​ | ​ | % of Total Portfolio | ​ | ​ | Number of Portfolio Companies | ​ |
| 1                 | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| 2                 | ​ | ​ | ​                 | $       | 56,226,218 | ​ | ​ | ​ | ​ | ​ | 40.0% | ​ | ​ | ​ | ​ | ​ | 7 | ​ | ​ |
| 3                 | ​ | ​ | ​                 | ​ | 7,751,538 | ​ | ​ | ​ | ​ | ​ | 5.5% | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ |
| 4                 | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| 5                 | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| ​           | ​ | ​ | ​                 | $       | 63,977,756 | ​ | ​ | ​ | ​ | ​ | 45.5% | ​ | ​ | ​ | ​ | ​ | 8 | ​ | ​ |
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| ​                                              | ​ | ​ | Year Ended December 31, 2017 | ​ | ​     | Year Ended December 31, 2016 | ​ | ​ | Inception Through December 31, 2015 | ​ |
|------------------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|---------|-------------------------------------|---------|
| ​                                              | ​ | ​ | Total                        | ​ | ​     | Per Share(1)                 | ​ | ​ | Total                               | ​ | ​ | Per Share(1) | ​ | ​ | Total | ​ | ​ | Per Share(1) | ​ |
| Investment income                                    | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                             | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Interest income                                      | ​ | ​ | ​                      | $       | 3,051,077   | ​                      | ​ | ​ | ​                             | $       | 1.09 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Dividend income                                      | ​ | ​ | ​                      | ​ | 117         | ​                      | ​ | ​ | ​                             | ​ | 0.00 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other income                                         | ​ | ​ | ​                      | ​ | 138,645     | ​                      | ​ | ​ | ​                             | ​ | 0.05 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Total investment income                              | ​ | ​ | ​                      | ​ | 3,189,839   | ​                      | ​ | ​ | ​                             | ​ | 1.14 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Operating expenses                                   | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                             | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Management fees                                      | ​ | ​ | ​                      | ​ | 3,587,314   | ​                      | ​ | ​ | ​                             | ​ | 1.28 | ​ | ​ | ​ | ​ | ​ | 169,684 | ​ | ​ | ​ | ​ | ​ | 15.75 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Administration fees                                  | ​ | ​ | ​                      | ​ | 125,000     | ​                      | ​ | ​ | ​                             | ​ | 0.04 | ​ | ​ | ​ | ​ | ​ | 5,774 | ​ | ​ | ​ | ​ | ​ | 0.54 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Professional fees                                    | ​ | ​ | ​                      | ​ | 544,002     | ​                      | ​ | ​ | ​                             | ​ | 0.19 | ​ | ​ | ​ | ​ | ​ | 216,214 | ​ | ​ | ​ | ​ | ​ | 20.07 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Overhead allocation expense                          | ​ | ​ | ​                      | ​ | 313,147     | ​                      | ​ | ​ | ​                             | ​ | 0.11 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Organizational expenses                              | ​ | ​ | ​                      | ​ | —     | ​                      | ​ | ​ | ​                             | ​ | — | ​ | ​ | ​ | ​ | ​ | 354,713 | ​ | ​ | ​ | ​ | ​ | 32.92 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| General and administrative expenses                  | ​ | ​ | ​                      | ​ | 41,900      | ​                      | ​ | ​ | ​                             | ​ | 0.01 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Directors’ fees                                | ​ | ​ | ​                      | ​ | 206,500     | ​                      | ​ | ​ | ​                             | ​ | 0.08 | ​ | ​ | ​ | ​ | ​ | 129,000 | ​ | ​ | ​ | ​ | ​ | 11.97 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Consulting fees                                      | ​ | ​ | ​                      | ​ | 49,650      | ​                      | ​ | ​ | ​                             | ​ | 0.02 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Insurance expense                                    | ​ | ​ | ​                      | ​ | 89,092      | ​                      | ​ | ​ | ​                             | ​ | 0.03 | ​ | ​ | ​ | ​ | ​ | 3,699 | ​ | ​ | ​ | ​ | ​ | 0.34 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| State franchise tax expense                          | ​ | ​ | ​                      | ​ | 3,414       | ​                      | ​ | ​ | ​                             | ​ | 0.00 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other expenses                                       | ​ | ​ | ​                      | ​ | 71,366      | ​                      | ​ | ​ | ​                             | ​ | 0.04 | ​ | ​ | ​ | ​ | ​ | 23,896 | ​ | ​ | ​ | ​ | ​ | 2.22 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Total operating expenses                             | ​ | ​ | ​                      | ​ | 5,031,385   | ​                      | ​ | ​ | ​                             | ​ | 1.80 | ​ | ​ | ​ | ​ | ​ | 902,980 | ​ | ​ | ​ | ​ | ​ | 83.81 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net investment loss                                  | ​ | ​ | ​                      | ​ | (1,841,546) | ​                      | ​ | ​ | ​                             | ​ | (0.66) | ​ | ​ | ​ | ​ | ​ | (902,980) | ​ | ​ | ​ | ​ | ​ | (83.81) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized appreciation (depreciation) | ​ | ​ | ​                      | ​ | 405,251     | ​                      | ​ | ​ | ​                             | ​ | 0.14 | ​ | ​ | ​ | ​ | ​ | (61) | ​ | ​ | ​ | ​ | ​ | (0.01) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net decrease in net assets resulting from operations | ​ | ​ | ​                      | ​ | (1,436,295) | ​                      | ​ | ​ | ​                             | ​ | (0.51) | ​ | ​ | ​ | ​ | ​ | (903,041) | ​ | ​ | ​ | ​ | ​ | (83.82) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |

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| Issuance Date      | ​ | ​ | Shares Issued | ​ | ​   | Price Per Share | ​ | ​ | Gross Proceeds | ​ |
|--------------------|---------|---------|---------------|---------|-----------|-----------------|---------|---------|----------------|---------|
| December 22, 2016  | ​ | ​ | ​       | ​ | 333,333   | ​         | ​ | ​ | ​        | $       | 15.00 | ​ | ​ | ​ | ​ | $ | 5,000,000 | ​ | ​ |
| April 19, 2017     | ​ | ​ | ​       | ​ | 1,000,000 | ​         | ​ | ​ | ​        | $       | 15.00 | ​ | ​ | ​ | ​ | ​ | 15,000,000 | ​ | ​ |
| June 26, 2017      | ​ | ​ | ​       | ​ | 1,666,667 | ​         | ​ | ​ | ​        | $       | 15.00 | ​ | ​ | ​ | ​ | ​ | 25,000,000 | ​ | ​ |
| September 12, 2017 | ​ | ​ | ​       | ​ | 2,666,667 | ​         | ​ | ​ | ​        | $       | 15.00 | ​ | ​ | ​ | ​ | ​ | 40,000,000 | ​ | ​ |
| December 22, 2017  | ​ | ​ | ​       | ​ | 3,000,000 | ​         | ​ | ​ | ​        | $       | 15.00 | ​ | ​ | ​ | ​ | ​ | 45,000,000 | ​ | ​ |
| Total              | ​ | ​ | ​       | ​ | 8,666,667 | ​         | ​ | ​ | ​        | ​ | ​ | ​ | ​ | ​ | ​ | $ | 130,000,000 | ​ | ​ |
| ​            |
| ​                             | ​ | ​ | Payments Due By Period | ​ |
|-------------------------------------|---------|---------|------------------------|---------|
| ​                             | ​ | ​ | Total                  | ​ | ​ | Less than 1 year | ​ | ​ | 1 – 3 years | ​ | ​ | 3 – 5 years | ​ | ​ | More than 5 years | ​ |
| Payable for securities purchased(1) | ​ | ​ | ​                | $       | 18,995,710 | ​ | ​ | ​ | ​ | $ | 18,995,710 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| ​                             |

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| ​                     | ​ | ​ | As of December 31, 2017 | ​ |
|-----------------------------|---------|---------|-------------------------|---------|
| ​                     | ​ | ​ | Level 1                 | ​ | ​ | Level 2 | ​ | ​ | Level 3 | ​ | ​ | Total | ​ |
| Portfolio Investments       | ​ | ​ | ​                 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Senior Secured Term Loans   | ​ | ​ | ​                 | $       | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 63,977,756 | ​ | ​ | ​ | ​ | $ | 63,977,756 | ​ | ​ |
| Warrants                    | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 4,239,103 | ​ | ​ | ​ | ​ | ​ | 4,239,103 | ​ | ​ |
| Total Portfolio Investments | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 68,216,859 | ​ | ​ | ​ | ​ | ​ | 68,216,859 | ​ | ​ |
| U.S. Treasury Bill          | ​ | ​ | ​                 | ​ | 72,504,649 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 72,504,649 | ​ | ​ |
| Total Investments           | ​ | ​ | ​                 | $       | 72,504,649 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 68,216,859 | ​ | ​ | ​ | ​ | $ | 140,721,508 | ​ | ​ |
| ​                     |
| ​            | ​ | ​ | As of December 31, 2016 | ​ |
|--------------------|---------|---------|-------------------------|---------|
| ​            | ​ | ​ | Level 1                 | ​ | ​ | Level 2 | ​ | ​ | Level 3 | ​ | ​ | Total | ​ |
| U.S. Treasury Bill | ​ | ​ | ​                 | $       | 2,999,849 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ |
| Total Investments  | ​ | ​ | ​                 | $       | 2,999,849 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ |
| ​            |

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| Date     | ​ | ​ | Investment Name                 | ​ | ​ | Principal | ​ | ​   | Cost Allocated to Loan | ​ | ​ | Cost Allocated to Warrant | ​ |
|----------|---------|---------|---------------------------------|---------|---------|-----------|---------|-----------|------------------------|---------|---------|---------------------------|---------|
| 2/8/2018 | ​ | ​ | eSilicon Corporation-Tranche II | ​ | ​ | ​   | $       | 5,000,000 | ​                | ​ | ​ | ​                   | $       | 4,950,000 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |

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| ​                                                                                                                                                     | ​ | ​ | Page    | ​ |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|---------|---------|
| Report of Independent Registered Public Accounting Firm                                                                                                     | ​ | ​ | ​ | ​ | 67 | ​ | ​ |
| Statements of Assets and Liabilities as of December 31, 2017 and 2016                                                                                       | ​ | ​ | ​ | ​ | 68 | ​ | ​ |
| Statements of Operations for the years ended December 31, 2017 and 2016 and for the period from August 31, 2015 (inception) to December 31, 2015            | ​ | ​ | ​ | ​ | 69 | ​ | ​ |
| Statements of Changes in Net Assets for the years ended December 31, 2017 and 2016 and for the period from August 31, 2015 (inception) to December 31, 2015 | ​ | ​ | ​ | ​ | 70 | ​ | ​ |
| Statements of Cash Flows for the years ended December 31, 2017 and 2016 and for the period from August 31, 2015 (inception) to December 31, 2015            | ​ | ​ | ​ | ​ | 71 | ​ | ​ |
| Schedules of Investments as of December 31, 2017 and 2016                                                                                                   | ​ | ​ | ​ | ​ | 72 | ​ | ​ |
| Notes to Financial Statements                                                                                                                               | ​ | ​ | ​ | ​ | 76 | ​ | ​ |

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| ​                                                                                                                         | ​ | ​ | December 31, 2017 | ​ | ​     | December 31, 2016 | ​ |
|---------------------------------------------------------------------------------------------------------------------------------|---------|---------|-------------------|---------|-------------|-------------------|---------|
| Assets                                                                                                                          | ​ | ​ | ​           | ​ | ​     | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Investments at fair value:                                                                                                      | ​ | ​ | ​           | ​ | ​     | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Non-control/non-affiliate investments at fair value (cost of  $67,811,669 and $0, respectively)                           | ​ | ​ | ​           | $       | 68,216,859  | ​           | ​ | ​ | ​ | $ | — | ​ | ​ |
| Investment in U.S. Treasury Bills at fair value (cost of  $72,504,649 and $2,999,910, respectively)                       | ​ | ​ | ​           | ​ | 72,504,649  | ​           | ​ | ​ | ​ | ​ | 2,999,849 | ​ | ​ |
| Total investments at fair value (cost of  $140,316,318 and $2,999,910, respectively)                                      | ​ | ​ | ​           | ​ | 140,721,508 | ​           | ​ | ​ | ​ | ​ | 2,999,849 | ​ | ​ |
| Cash and cash equivalents                                                                                                       | ​ | ​ | ​           | ​ | 8,141,670   | ​           | ​ | ​ | ​ | ​ | 1,039,931 | ​ | ​ |
| Capital contributions receivable                                                                                                | ​ | ​ | ​           | ​ | —     | ​           | ​ | ​ | ​ | ​ | 60,783 | ​ | ​ |
| Accrued interest receivable                                                                                                     | ​ | ​ | ​           | ​ | 330,926     | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other accounts receivable                                                                                                       | ​ | ​ | ​           | ​ | 25,154      | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Prepaid expenses                                                                                                                | ​ | ​ | ​           | ​ | 96,449      | ​           | ​ | ​ | ​ | ​ | 85,097 | ​ | ​ |
| Total assets                                                                                                                    | ​ | ​ | ​           | ​ | 149,315,707 | ​           | ​ | ​ | ​ | ​ | 4,185,660 | ​ | ​ |
| Liabilities                                                                                                                     | ​ | ​ | ​           | ​ | ​     | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Payable for securities purchased                                                                                                | ​ | ​ | ​           | ​ | 18,995,710  | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Due to portfolio company                                                                                                        | ​ | ​ | ​           | ​ | 3,000,000   | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Due to affiliate                                                                                                                | ​ | ​ | ​           | ​ | 11,954      | ​           | ​ | ​ | ​ | ​ | 648,805 | ​ | ​ |
| Accrued expenses and other liabilities                                                                                          | ​ | ​ | ​           | ​ | 267,666     | ​           | ​ | ​ | ​ | ​ | 60,183 | ​ | ​ |
| Total liabilities                                                                                                               | ​ | ​ | ​           | ​ | 22,275,330  | ​           | ​ | ​ | ​ | ​ | 708,988 | ​ | ​ |
| Commitments and contingencies (Note 3)                                                                                          | ​ | ​ | ​           | ​ | ​     | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net assets                                                                                                                      | ​ | ​ | ​           | ​ | ​     | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 8,668,334 and 335,000 shares issued and outstanding, respectively | ​ | ​ | ​           | ​ | 86,683      | ​           | ​ | ​ | ​ | ​ | 3,350 | ​ | ​ |
| Additional paid-in capital                                                                                                      | ​ | ​ | ​           | ​ | 126,920,269 | ​           | ​ | ​ | ​ | ​ | 3,804,448 | ​ | ​ |
| Accumulated undistributed net investment loss                                                                                   | ​ | ​ | ​           | ​ | (307,417)   | ​           | ​ | ​ | ​ | ​ | (331,065) | ​ | ​ |
| Accumulated undistributed net realized loss                                                                                     | ​ | ​ | ​           | ​ | (64,348)    | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Accumulated net unrealized gain (loss)                                                                                          | ​ | ​ | ​           | ​ | 405,190     | ​           | ​ | ​ | ​ | ​ | (61) | ​ | ​ |
| Total net assets                                                                                                                | ​ | ​ | ​           | $       | 127,040,377 | ​           | ​ | ​ | ​ | $ | 3,476,672 | ​ | ​ |
| Net asset value per share                                                                                                       | ​ | ​ | ​           | $       | 14.66       | ​           | ​ | ​ | ​ | $ | 10.38 | ​ | ​ |
| ​                                                                                                                         |

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| ​                                                                                       | ​ | ​ | Year Ended December 31, 2017 | ​ | ​     | Year Ended December 31, 2016 | ​ | ​ | For the Period from Inception (August 31, 2015) to December 31, 2015 | ​ |
|-----------------------------------------------------------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|---------|----------------------------------------------------------------------|---------|
| Investment income                                                                             | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Interest income from non-control/non-affiliate investments                                    | ​ | ​ | ​                      | $       | 3,023,456   | ​                      | ​ | ​ | ​                                                              | $       | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Interest income from U.S. Treasury Bills                                                      | ​ | ​ | ​                      | ​ | 27,621      | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Dividend income from non-control/non-affiliate investments                                    | ​ | ​ | ​                      | ​ | 117         | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other income from non-control/non-affiliate investments                                       | ​ | ​ | ​                      | ​ | 50,000      | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other income from non-investment sources                                                      | ​ | ​ | ​                      | ​ | 88,645      | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Total investment income                                                                       | ​ | ​ | ​                      | ​ | 3,189,839   | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Operating expenses                                                                            | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Management fees                                                                               | ​ | ​ | ​                      | ​ | 3,587,314   | ​                      | ​ | ​ | ​                                                              | ​ | 169,684 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Administration fee                                                                            | ​ | ​ | ​                      | ​ | 125,000     | ​                      | ​ | ​ | ​                                                              | ​ | 5,774 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Professional fees                                                                             | ​ | ​ | ​                      | ​ | 544,002     | ​                      | ​ | ​ | ​                                                              | ​ | 216,214 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Overhead allocation expense                                                                   | ​ | ​ | ​                      | ​ | 313,147     | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| General and administrative expenses                                                           | ​ | ​ | ​                      | ​ | 41,900      | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Organizational expenses                                                                       | ​ | ​ | ​                      | ​ | —     | ​                      | ​ | ​ | ​                                                              | ​ | 354,713 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Directors’ fees                                                                         | ​ | ​ | ​                      | ​ | 206,500     | ​                      | ​ | ​ | ​                                                              | ​ | 129,000 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Consulting fees                                                                               | ​ | ​ | ​                      | ​ | 49,650      | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Insurance expense                                                                             | ​ | ​ | ​                      | ​ | 89,092      | ​                      | ​ | ​ | ​                                                              | ​ | 3,699 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| State franchise tax expense                                                                   | ​ | ​ | ​                      | ​ | 3,414       | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other expenses                                                                                | ​ | ​ | ​                      | ​ | 71,366      | ​                      | ​ | ​ | ​                                                              | ​ | 23,896 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Total operating expenses                                                                      | ​ | ​ | ​                      | ​ | 5,031,385   | ​                      | ​ | ​ | ​                                                              | ​ | 902,980 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net investment loss                                                                           | ​ | ​ | ​                      | ​ | (1,841,546) | ​                      | ​ | ​ | ​                                                              | ​ | (902,980) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on investments                           | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on non-control/non-affiliate investments | ​ | ​ | ​                      | ​ | 405,190     | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on U.S. Treasury Bills                   | ​ | ​ | ​                      | ​ | 61          | ​                      | ​ | ​ | ​                                                              | ​ | (61) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on investments                           | ​ | ​ | ​                      | ​ | 405,251     | ​                      | ​ | ​ | ​                                                              | ​ | (61) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net decrease in net assets resulting from operations                                          | ​ | ​ | ​                      | $       | (1,436,295) | ​                      | ​ | ​ | ​                                                              | $       | (903,041) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Net decrease in net assets resulting from operations per common share                         | ​ | ​ | ​                      | $       | (0.51)      | ​                      | ​ | ​ | ​                                                              | $       | (83.82) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Net investment loss per common share                                                          | ​ | ​ | ​                      | $       | (0.66)      | ​                      | ​ | ​ | ​                                                              | $       | (83.81) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Weighted-average shares outstanding                                                           | ​ | ​ | ​                      | ​ | 2,795,274   | ​                      | ​ | ​ | ​                                                              | ​ | 10,774 | ​ | ​ | ​ | ​ | ​ | 1,667(1) | ​ | ​ |

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| ​                                                              | ​ | ​ | Year Ended December 31, 2017 | ​ | ​     | Year Ended December 31, 2016 | ​ | ​ | For the Period from Inception (August 31, 2015) to December 31, 2015 | ​ |
|----------------------------------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|---------|----------------------------------------------------------------------|---------|
| Net decrease in net assets from operations                           | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net investment loss                                                  | ​ | ​ | ​                      | $       | (1,841,546) | ​                      | ​ | ​ | ​                                                              | $       | (902,980) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on investments  | ​ | ​ | ​                      | ​ | 405,251     | ​                      | ​ | ​ | ​                                                              | ​ | (61) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net decrease in net assets resulting from operations                 | ​ | ​ | ​                      | ​ | (1,436,295) | ​                      | ​ | ​ | ​                                                              | ​ | (903,041) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Capital share transactions                                           | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Offering costs                                                       | ​ | ​ | ​                      | ​ | —     | ​                      | ​ | ​ | ​                                                              | ​ | (645,287) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Issued common stock                                                  | ​ | ​ | ​                      | ​ | 125,000,000 | ​                      | ​ | ​ | ​                                                              | ​ | 5,000,000 | ​ | ​ | ​ | ​ | ​ | 25,000 | ​ | ​ |
| Net increase in net assets resulting from capital share transactions | ​ | ​ | ​                      | ​ | 125,000,000 | ​                      | ​ | ​ | ​                                                              | ​ | 4,354,713 | ​ | ​ | ​ | ​ | ​ | 25,000 | ​ | ​ |
| Total increase in net assets                                         | ​ | ​ | ​                      | ​ | 123,563,705 | ​                      | ​ | ​ | ​                                                              | ​ | 3,451,672 | ​ | ​ | ​ | ​ | ​ | 25,000 | ​ | ​ |
| Net assets at beginning of period                                    | ​ | ​ | ​                      | ​ | 3,476,672   | ​                      | ​ | ​ | ​                                                              | ​ | 25,000 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net assets at end of period                                          | ​ | ​ | ​                      | $       | 127,040,377 | ​                      | ​ | ​ | ​                                                              | $       | 3,476,672 | ​ | ​ | ​ | ​ | $ | 25,000 | ​ | ​ |
| Capital share activity                                               | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Shares issued                                                        | ​ | ​ | ​                      | ​ | 8,333,334   | ​                      | ​ | ​ | ​                                                              | ​ | 333,333 | ​ | ​ | ​ | ​ | ​ | 1,667 | ​ | ​ |
| Shares outstanding at beginning of period                            | ​ | ​ | ​                      | ​ | 335,000     | ​                      | ​ | ​ | ​                                                              | ​ | 1,667 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Shares outstanding at end of period                                  | ​ | ​ | ​                      | ​ | 8,668,334   | ​                      | ​ | ​ | ​                                                              | ​ | 335,000 | ​ | ​ | ​ | ​ | ​ | 1,667 | ​ | ​ |
| ​                                                              |

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| ​                                                                                                                 | ​ | ​ | Year Ended December 31, 2017 | ​ | ​       | Year Ended December 31, 2016 | ​ | ​ | For the Period from Inception (August 31, 2015) to December 31, 2015 | ​ |
|-------------------------------------------------------------------------------------------------------------------------|---------|---------|------------------------------|---------|---------------|------------------------------|---------|---------|----------------------------------------------------------------------|---------|
| Cash flows from operating activities                                                                                    | ​ | ​ | ​                      | ​ | ​       | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net decrease in net assets resulting from operations                                                                    | ​ | ​ | ​                      | $       | (1,436,295)   | ​                      | ​ | ​ | ​                                                              | $       | (903,041) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities: | ​ | ​ | ​                      | ​ | ​       | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Purchase of investments                                                                                                 | ​ | ​ | ​                      | ​ | (67,005,037)  | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Purchase of U.S. Treasury Bills                                                                                         | ​ | ​ | ​                      | ​ | (156,977,177) | ​                      | ​ | ​ | ​                                                              | ​ | (2,999,910) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Sale or maturity of U.S. Treasury Bills                                                                                 | ​ | ​ | ​                      | ​ | 87,500,000    | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized (appreciation) depreciation on non-control/non-affiliate investments                           | ​ | ​ | ​                      | ​ | (405,190)     | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net change in unrealized (appreciation) depreciation on U.S. Treasury Bills                                             | ​ | ​ | ​                      | ​ | (61)          | ​                      | ​ | ​ | ​                                                              | ​ | 61 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Amortization of fixed income premiums or discounts                                                                      | ​ | ​ | ​                      | ​ | (834,194)     | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Changes in operating assets and liabilities:                                                                            | ​ | ​ | ​                      | ​ | ​       | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Accrued interest receivable                                                                                             | ​ | ​ | ​                      | ​ | (330,926)     | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Other accounts receivable                                                                                               | ​ | ​ | ​                      | ​ | (25,154)      | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Prepaid expenses                                                                                                        | ​ | ​ | ​                      | ​ | (11,352)      | ​                      | ​ | ​ | ​                                                              | ​ | (85,097) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Due to portfolio company                                                                                                | ​ | ​ | ​                      | ​ | 3,000,000     | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Payable for securities purchased                                                                                        | ​ | ​ | ​                      | ​ | 18,995,710    | ​                      | ​ | ​ | ​                                                              | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Due to affiliate                                                                                                        | ​ | ​ | ​                      | ​ | (636,851)     | ​                      | ​ | ​ | ​                                                              | ​ | 648,805 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Accrued expenses and other liabilities                                                                                  | ​ | ​ | ​                      | ​ | 207,483       | ​                      | ​ | ​ | ​                                                              | ​ | 60,183 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net cash used in operating activities                                                                                   | ​ | ​ | ​                      | ​ | (117,959,044) | ​                      | ​ | ​ | ​                                                              | ​ | (3,278,999) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Cash flows from financing activities                                                                                    | ​ | ​ | ​                      | ​ | ​       | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Offering costs                                                                                                          | ​ | ​ | ​                      | ​ | —       | ​                      | ​ | ​ | ​                                                              | ​ | (645,287) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net cash received from common stock issued, net of change in capital contributions receivable                           | ​ | ​ | ​                      | ​ | 125,060,783   | ​                      | ​ | ​ | ​                                                              | ​ | 4,939,217 | ​ | ​ | ​ | ​ | ​ | 25,000 | ​ | ​ |
| Net cash provided by financing activities                                                                               | ​ | ​ | ​                      | ​ | 125,060,783   | ​                      | ​ | ​ | ​                                                              | ​ | 4,293,930 | ​ | ​ | ​ | ​ | ​ | 25,000 | ​ | ​ |
| Net increase in cash                                                                                                    | ​ | ​ | ​                      | ​ | 7,101,739     | ​                      | ​ | ​ | ​                                                              | ​ | 1,014,931 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Cash and cash equivalents at beginning of period                                                                        | ​ | ​ | ​                      | ​ | 1,039,931     | ​                      | ​ | ​ | ​                                                              | ​ | 25,000 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Cash and cash equivalents at end of period                                                                              | ​ | ​ | ​                      | $       | 8,141,670     | ​                      | ​ | ​ | ​                                                              | $       | 1,039,931 | ​ | ​ | ​ | ​ | $ | 25,000 | ​ | ​ |
| Supplemental Disclosure of Cash Flow Information                                                                        | ​ | ​ | ​                      | ​ | ​       | ​                      | ​ | ​ | ​                                                              | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Taxes paid                                                                                                              | ​ | ​ | ​                      | $       | 3,414         | ​                      | ​ | ​ | ​                                                              | $       | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| ​                                                                                                                 |

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| Portfolio Companies                   | ​ | ​ | Sub-Industry                     | ​ | ​ | Investment Description(1)(5)(6)                               | ​ | ​ | Acquisition Date | ​ | ​ | Principal/​Shares | ​ | ​    | Cost    | ​ | ​    | Fair Value(2) | ​ | ​    | % of Net Assets | ​ |
|---------------------------------------|---------|---------|----------------------------------|---------|---------|---------------------------------------------------------------|---------|---------|------------------|---------|---------|-------------------------|---------|------------|---------|---------|------------|---------------|---------|------------|-----------------|---------|
| Non-control/non-affiliate investments | ​ |
| Senior Secured Term Loans             | ​ |
| AllClear ID, Inc.                     | ​ | ​ | Specialized Consumer Services    | ​ | ​ | LIBOR+10.75%, 12.25% floor, 5% ETP, due 8/31/2020             | ​ | ​ | 8/31/2017        | ​ | ​ | ​                 | $       | 10,000,000 | ​ | ​ | ​    | ​       | $       | 9,068,668  | ​         | ​ | ​ | ​ | $ | 9,068,668 | ​ | ​ | ​ | ​ | ​ | 7.14% | ​ | ​ |
| Aspen Group Inc.                      | ​ | ​ | Education Services               | ​ | ​ | Tranche I: LIBOR+10%, 10% floor, 3.25% ETP, due 7/25/2021(4)  | ​ | ​ | 7/25/2017        | ​ | ​ | ​                 | $       | 5,000,000  | ​ | ​ | ​    | ​       | ​ | 4,467,483  | ​         | ​ | ​ | ​ | ​ | 4,467,483 | ​ | ​ | ​ | ​ | ​ | 3.52 | ​ | ​ |
| ​                               | ​ | ​ | ​                          | ​ | ​ | Tranche II: LIBOR+10%, 10% floor, 3.25% ETP, due 7/25/2021(4) | ​ | ​ | 12/4/2017        | ​ | ​ | ​                 | $       | 2,500,000  | ​ | ​ | ​    | ​       | ​ | 2,495,740  | ​         | ​ | ​ | ​ | ​ | 2,495,740 | ​ | ​ | ​ | ​ | ​ | 1.96 | ​ | ​ |
| eSilicon Corporation                  | ​ | ​ | Semiconductors                   | ​ | ​ | LIBOR+10.5%, 11.5% floor, 5% ETP, due 7/15/2020               | ​ | ​ | 7/31/2017        | ​ | ​ | ​                 | $       | 10,000,000 | ​ | ​ | ​    | ​       | ​ | 9,555,024  | ​         | ​ | ​ | ​ | ​ | 9,555,024 | ​ | ​ | ​ | ​ | ​ | 7.52 | ​ | ​ |
| Mojix, Inc.                           | ​ | ​ | Application Software             | ​ | ​ | Tranche I: LIBOR+10%, 11% floor, 5% ETP, due 5/15/2021(4)     | ​ | ​ | 5/16/2017        | ​ | ​ | ​                 | $       | 6,000,000  | ​ | ​ | ​    | ​       | ​ | 5,802,549  | ​         | ​ | ​ | ​ | ​ | 5,802,549 | ​ | ​ | ​ | ​ | ​ | 4.57 | ​ | ​ |
| ​                               | ​ | ​ | ​                          | ​ | ​ | Tranche II: LIBOR+10%, 11% floor, 5% ETP, due 5/15/2021(4)    | ​ | ​ | 8/3/2017         | ​ | ​ | ​                 | $       | 2,000,000  | ​ | ​ | ​    | ​       | ​ | 1,948,989  | ​         | ​ | ​ | ​ | ​ | 1,948,989 | ​ | ​ | ​ | ​ | ​ | 1.53 | ​ | ​ |
| Placecast, Inc.                       | ​ | ​ | Internet Software & Services | ​ | ​ | LIBOR+10.75%, 11.75% floor, 5% ETP, due 6/15/2020             | ​ | ​ | 6/21/2017        | ​ | ​ | ​                 | $       | 2,000,000  | ​ | ​ | ​    | ​       | ​ | 1,981,236  | ​         | ​ | ​ | ​ | ​ | 1,981,236 | ​ | ​ | ​ | ​ | ​ | 1.56 | ​ | ​ |
| RedSeal, Inc.                         | ​ | ​ | Application Software             | ​ | ​ | LIBOR+9.5%, 11% floor, 5.25% ETP, due 12/15/2020              | ​ | ​ | 12/15/2017       | ​ | ​ | ​                 | $       | 15,000,000 | ​ | ​ | ​    | ​       | ​ | 14,656,171 | ​         | ​ | ​ | ​ | ​ | 14,656,171 | ​ | ​ | ​ | ​ | ​ | 11.54 | ​ | ​ |
| SendtoNews Video, Inc.                | ​ | ​ | Advertising                      | ​ | ​ | Tranche I: LIBOR+11%, 11% floor, 4% ETP, due 6/30/2020(3)(7)  | ​ | ​ | 6/30/2017        | ​ | ​ | ​                 | $       | 3,500,000  | ​ | ​ | ​    | ​       | ​ | 3,305,812  | ​         | ​ | ​ | ​ | ​ | 3,305,812 | ​ | ​ | ​ | ​ | ​ | 2.60 | ​ | ​ |
| ​                               | ​ | ​ | ​                          | ​ | ​ | Tranche II; LIBOR+11%, 11% floor, 4% ETP, due 6/30/2020(3)(7) | ​ | ​ | 10/4/2017        | ​ | ​ | ​                 | $       | 1,500,000  | ​ | ​ | ​    | ​       | ​ | 1,500,000  | ​         | ​ | ​ | ​ | ​ | 1,500,000 | ​ | ​ | ​ | ​ | ​ | 1.18 | ​ | ​ |
| zSpace, Inc.                          | ​ | ​ | Application Software             | ​ | ​ | LIBOR+10.5%, 12% floor, 5% ETP, due 12/29/2020                | ​ | ​ | 12/29/2017       | ​ | ​ | ​                 | $       | 10,000,000 | ​ | ​ | ​    | ​       | ​ | 9,196,084  | ​         | ​ | ​ | ​ | ​ | 9,196,084 | ​ | ​ | ​ | ​ | ​ | 7.24 | ​ | ​ |
| Total Senior Secured Term Loans       | ​ | ​ | ​                          | ​ | ​ | ​                                                       | ​ | ​ | ​          | ​ | ​ | ​                 | ​ | ​    | ​ | $       | 63,977,756 | ​       | ​ | ​    | ​         | $       | 63,977,756 | ​ | ​ | ​ | ​ | ​ | 50.36% | ​ | ​ |

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| Portfolio Companies                               | ​ | ​ | Sub-Industry                     | ​ | ​ | Investment Description(1)(5)(6)                                                                    | ​ | ​ | AcquisitionDate | ​ | ​ | Principal/​Shares | ​ | ​    | Cost    | ​ | ​    | Fair Value(2) | ​ | ​     | % of NetAssets | ​ |
|---------------------------------------------------|---------|---------|----------------------------------|---------|---------|----------------------------------------------------------------------------------------------------|---------|---------|-----------------|---------|---------|-------------------------|---------|------------|---------|---------|------------|---------------|---------|-------------|----------------|---------|
| Non-control/non-affiliate investments (continued) | ​ |
| Warrants(8)                                       | ​ | ​ | ​                          | ​ | ​ | ​                                                                                            | ​ | ​ | ​         | ​ | ​ | ​                 | ​ | ​    | ​ | ​ | ​    | ​       | ​ | ​     | ​        | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| AllClear ID, Inc.                                 | ​ | ​ | Specialized Consumer Services    | ​ | ​ | Warrant for Common Stock, exercise price $0.01/share, expires 8/31/2027                            | ​ | ​ | 8/31/2017       | ​ | ​ | ​                 | ​ | 523,893    | ​ | ​ | ​    | ​       | $       | 1,053,025   | ​        | ​ | ​ | ​ | $ | 1,053,025 | ​ | ​ | ​ | ​ | ​ | 0.83% | ​ | ​ |
| Aspen Group Inc.                                  | ​ | ​ | Education Services               | ​ | ​ | Warrant for Common Stock, exercise price $6.87/share, expires 7/25/2022                            | ​ | ​ | 7/252017        | ​ | ​ | ​                 | ​ | 224,174    | ​ | ​ | ​    | ​       | ​ | 583,301     | ​        | ​ | ​ | ​ | ​ | 1,018,000 | ​ | ​ | ​ | ​ | ​ | 0.80 | ​ | ​ |
| eSilicon Corporation                              | ​ | ​ | Semiconductors                   | ​ | ​ | Warrant for Series H Preferred Stock, exercise price $1.01/​share, expires 7/31/2027    | ​ | ​ | 7/31/2017       | ​ | ​ | ​                 | ​ | 1,485,149  | ​ | ​ | ​    | ​       | ​ | 543,564     | ​        | ​ | ​ | ​ | ​ | 543,564 | ​ | ​ | ​ | ​ | ​ | 0.43 | ​ | ​ |
| Mojix, Inc.                                       | ​ | ​ | Application Software             | ​ | ​ | Warrants for Series E Preferred Stock, exercise price $0.1064/​share, expires 5/16/2027 | ​ | ​ | 5/16/2017       | ​ | ​ | ​                 | ​ | 11,744,808 | ​ | ​ | ​    | ​       | ​ | 303,016     | ​        | ​ | ​ | ​ | ​ | 281,900 | ​ | ​ | ​ | ​ | ​ | 0.22 | ​ | ​ |
| Placecast, Inc.                                   | ​ | ​ | Internet Software & Services | ​ | ​ | Warrant for Series C Preferred Stock, exercise price $1.5669/​share, expires 6/21/2027  | ​ | ​ | 6/21/2017       | ​ | ​ | ​                 | ​ | 127,643    | ​ | ​ | ​    | ​       | $       | 32,932      | ​        | ​ | ​ | ​ | $ | 31,400 | ​ | ​ | ​ | ​ | ​ | 0.02% | ​ | ​ |
| RedSeal, Inc.                                     | ​ | ​ | Application Software             | ​ | ​ | Warrant for Series C-Prime Preferred Stock, exercise price $0.27318/share, expires 12/15/2027 | ​ | ​ | 12/15/2017      | ​ | ​ | ​                 | ​ | 3,569,075  | ​ | ​ | ​    | ​       | ​ | 364,046     | ​        | ​ | ​ | ​ | ​ | 364,046 | ​ | ​ | ​ | ​ | ​ | 0.29 | ​ | ​ |
| SendtoNews Video, Inc.                            | ​ | ​ | Advertising                      | ​ | ​ | Warrant for Class B Non-Voting Stock, exercise price $0.67/share, expires 6/30/2027(3)(7)     | ​ | ​ | 6/30/2017       | ​ | ​ | ​                 | ​ | 574,502    | ​ | ​ | ​    | ​       | ​ | 246,461     | ​        | ​ | ​ | ​ | ​ | 239,600 | ​ | ​ | ​ | ​ | ​ | 0.19 | ​ | ​ |
| zSpace, Inc.                                      | ​ | ​ | Application Software             | ​ | ​ | Warrant for Series E Preferred Stock, exercise price $0.90/​share, expires 12/29/2027   | ​ | ​ | 12/29/2017      | ​ | ​ | ​                 | ​ | 1,896,966  | ​ | ​ | ​    | ​       | ​ | 707,568     | ​        | ​ | ​ | ​ | ​ | 707,568 | ​ | ​ | ​ | ​ | ​ | 0.56 | ​ | ​ |
| Total Warrants                                    | ​ | ​ | ​                          | ​ | ​ | ​                                                                                            | ​ | ​ | ​         | ​ | ​ | ​                 | ​ | ​    | ​ | ​ | ​    | ​       | ​ | 3,833,913   | ​        | ​ | ​ | ​ | ​ | 4,239,103 | ​ | ​ | ​ | ​ | ​ | 3.34 | ​ | ​ |
| Total non-control/non-affiliate investments       | ​ | ​ | ​                          | ​ | ​ | ​                                                                                            | ​ | ​ | ​         | ​ | ​ | ​                 | ​ | ​    | ​ | ​ | 67,811,669 | ​       | ​ | ​     | ​        | ​ | 68,216,859 | ​ | ​ | ​ | ​ | ​ | 53.70 | ​ | ​ |
| U.S. Treasury                                     | ​ | ​ | ​                          | ​ | ​ | U.S. Treasury Bill, 0%, due 1/4/2018                                                               | ​ | ​ | ​         | ​ | ​ | ​                 | $       | 72,509,000 | ​ | ​ | ​    | ​       | ​ | 72,504,649  | ​        | ​ | ​ | ​ | ​ | 72,504,649 | ​ | ​ | ​ | ​ | ​ | 57.07 | ​ | ​ |
| Total Investments                                 | ​ | ​ | ​                          | ​ | ​ | ​                                                                                            | ​ | ​ | ​         | ​ | ​ | ​                 | ​ | ​    | ​ | ​ | ​    | ​       | $       | 140,316,318 | ​        | ​ | ​ | ​ | $ | 140,721,508 | ​ | ​ | ​ | ​ | ​ | 110.77% | ​ | ​ |

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| ​                  | ​ | ​ | December 31, 2017    | ​ |
|--------------------------|---------|---------|---------------------------|---------|
| Geographic Region        | ​ | ​ | Investments at Fair Value | ​ | ​ | Percentage of Net Assets | ​ |
| Canada                   | ​ | ​ | ​                   | $       | 5,045,412 | ​ | ​ | ​ | ​ | ​ | 3.97% | ​ | ​ |
| Midwestern United States | ​ | ​ | ​                   | ​ | 10,121,693 | ​ | ​ | ​ | ​ | ​ | 7.97 | ​ | ​ |
| Western United States    | ​ | ​ | ​                   | ​ | 53,049,754 | ​ | ​ | ​ | ​ | ​ | 41.76 | ​ | ​ |
| Total                    | ​ | ​ | ​                   | $       | 68,216,859 | ​ | ​ | ​ | ​ | ​ | 53.70% | ​ | ​ |
| ​                  |
| ​                        | ​ | ​ | December 31, 2017    | ​ |
|--------------------------------|---------|---------|---------------------------|---------|
| Industry                       | ​ | ​ | Investments at Fair Value | ​ | ​ | Percentage of Net Assets | ​ |
| Advertising                    | ​ | ​ | ​                   | $       | 5,045,412 | ​ | ​ | ​ | ​ | ​ | 3.97% | ​ | ​ |
| Application Software           | ​ | ​ | ​                   | ​ | 32,957,307 | ​ | ​ | ​ | ​ | ​ | 25.95 | ​ | ​ |
| Education Services             | ​ | ​ | ​                   | ​ | 7,981,223 | ​ | ​ | ​ | ​ | ​ | 6.28 | ​ | ​ |
| Internet Software and Services | ​ | ​ | ​                   | ​ | 2,012,636 | ​ | ​ | ​ | ​ | ​ | 1.58 | ​ | ​ |
| Semiconductors                 | ​ | ​ | ​                   | ​ | 10,098,588 | ​ | ​ | ​ | ​ | ​ | 7.95 | ​ | ​ |
| Specialized Consumer Services  | ​ | ​ | ​                   | ​ | 10,121,693 | ​ | ​ | ​ | ​ | ​ | 7.97 | ​ | ​ |
| Total                          | ​ | ​ | ​                   | $       | 68,216,859 | ​ | ​ | ​ | ​ | ​ | 53.70% | ​ | ​ |
| ​                        |

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| Investment                             | ​ | ​ | Principal | ​ | ​   | Cost    | ​ | ​ | Fair Value | ​ | ​   | % of Net Assets | ​ |
|----------------------------------------|---------|---------|-----------|---------|-----------|---------|---------|---------|------------|---------|-----------|-----------------|---------|
| U.S. Treasury                          | ​ | ​ | ​   | ​ | ​   |
| U.S. Treasury Bill, 0%, due 01/05/2017 | ​ | ​ | ​   | $       | 3,000,000 | ​ | ​ | ​ | ​    | $       | 2,999,910 | ​         | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ | ​ | ​ | ​ | 86.29% | ​ | ​ |
| Total Investments                      | ​ | ​ | ​   | ​ | ​   | ​ | ​ | ​ | ​    | $       | 2,999,910 | ​         | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ | ​ | ​ | ​ | 86.29% | ​ | ​ |
| ​                                |

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| ​                                       | ​ | ​ | Year Ended December 31, 2017 | ​ | ​     | Year Ended December 31, 2016 | ​ |
|-----------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|
| Additional paid-in capital                    | ​ | ​ | ​                      | $       | (1,800,846) | ​                      | ​ | ​ | ​ | ​ | (571,915) | ​ | ​ |
| Accumulated undistributed net investment loss | ​ | ​ | ​                      | ​ | 1,865,194   | ​                      | ​ | ​ | ​ | ​ | 571,915 | ​ | ​ |
| Accumulated undistributed net realized loss   | ​ | ​ | ​                      | ​ | (64,348)    | ​                      | ​ | ​ | ​ | ​ | — | ​ | ​ |
| ​                                               | ​ | ​ | December 31, 2017 | ​ | ​   | December 31, 2016 | ​ |
|-------------------------------------------------------|---------|---------|-------------------|---------|-----------|-------------------|---------|
| Unrealized appreciation/(depreciation) on investments | ​ | ​ | ​           | $       | 340,842   | ​           | ​ | ​ | ​ | ​ | (61) | ​ | ​ |
| Other book to tax differences                         | ​ | ​ | ​           | ​ | (307,417) | ​           | ​ | ​ | ​ | ​ | (331,065) | ​ | ​ |
| Components of distributable earnings at year-end      | ​ | ​ | ​           | $       | 33,425    | ​           | ​ | ​ | ​ | ​ | (331,126) | ​ | ​ |
| ​                                               |

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| Portfolio Company                            | ​ | ​ | Investment Type                                     | ​ | ​    | December 31, 2017 | ​ |
|----------------------------------------------|---------|---------|-----------------------------------------------------|---------|------------|-------------------|---------|
| AllClear ID, Inc.                            | ​ | ​ | Senior Secured Term Loan                            | ​ | ​    | ​           | $       | 2,000,000 | ​ | ​ |
| Aspen Group Inc.                             | ​ | ​ | Senior Secured Term Loan-Tranche I & Tranche II | ​ | ​    | ​           | ​ | 2,500,000 | ​ | ​ |
| eSilicon Corporation                         | ​ | ​ | Senior Secured Term Loan                            | ​ | ​    | ​           | ​ | 5,000,000 | ​ | ​ |
| Mojix, Inc.                                  | ​ | ​ | Senior Secured Term Loan-Tranche I & Tranche II | ​ | ​    | ​           | ​ | 2,000,000 | ​ | ​ |
| Total unused commitments to extend financing | ​ | ​ | ​                                             | $       | 11,500,000 | ​           | ​ |
| ​                                      |

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| ​                                              | ​ | ​ | Year Ended December 31, 2017 | ​ | ​     | Year Ended December 31, 2016 | ​ | ​ | Period Ended December 31, 2015 | ​ |
|------------------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|---------|--------------------------------|---------|
| Net decrease in net assets resulting from operations | ​ | ​ | ​                      | $       | (1,436,295) | ​                      | ​ | ​ | ​                        | $       | (903,041) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Per Share Data(1):                                   | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                        | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Weighted-average shares outstanding for period       | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                        | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Basic                                                | ​ | ​ | ​                      | ​ | 2,795,274   | ​                      | ​ | ​ | ​                        | ​ | 10,774 | ​ | ​ | ​ | ​ | ​ | 1,667(2) | ​ | ​ |
| Diluted                                              | ​ | ​ | ​                      | ​ | 2,795,274   | ​                      | ​ | ​ | ​                        | ​ | 10,774 | ​ | ​ | ​ | ​ | ​ | 1,667(2) | ​ | ​ |
| Basic and diluted loss per common share              | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                        | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Basic                                                | ​ | ​ | ​                      | $       | (0.51)      | ​                      | ​ | ​ | ​                        | $       | (83.82) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Diluted                                              | ​ | ​ | ​                      | $       | (0.51)      | ​                      | ​ | ​ | ​                        | $       | (83.82) | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| ​                                              |
| Issuance Date      | ​ | ​ | Shares Issued | ​ | ​   | Price Per Share | ​ | ​ | Gross Proceeds | ​ |
|--------------------|---------|---------|---------------|---------|-----------|-----------------|---------|---------|----------------|---------|
| October 8, 2015    | ​ | ​ | ​       | ​ | 1,667     | ​         | ​ | ​ | ​        | $       | 15.00 | ​ | ​ | ​ | ​ | $ | 25,000 | ​ | ​ |
| December 22, 2016  | ​ | ​ | ​       | ​ | 333,333   | ​         | ​ | ​ | ​        | ​ | 15.00 | ​ | ​ | ​ | ​ | ​ | 5,000,000 | ​ | ​ |
| April 19, 2017     | ​ | ​ | ​       | ​ | 1,000,000 | ​         | ​ | ​ | ​        | ​ | 15.00 | ​ | ​ | ​ | ​ | ​ | 15,000,000 | ​ | ​ |
| June 26, 2017      | ​ | ​ | ​       | ​ | 1,666,667 | ​         | ​ | ​ | ​        | ​ | 15.00 | ​ | ​ | ​ | ​ | ​ | 25,000,000 | ​ | ​ |
| September 12, 2017 | ​ | ​ | ​       | ​ | 2,666,667 | ​         | ​ | ​ | ​        | ​ | 15.00 | ​ | ​ | ​ | ​ | ​ | 40,000,000 | ​ | ​ |
| December 22, 2017  | ​ | ​ | ​       | ​ | 3,000,000 | ​         | ​ | ​ | ​        | ​ | 15.00 | ​ | ​ | ​ | ​ | ​ | 45,000,000 | ​ | ​ |
| Total              | ​ | ​ | ​       | ​ | 8,668,334 | ​         | ​ | ​ | ​        | ​ | ​ | ​ | ​ | ​ | ​ | $ | 130,025,000 | ​ | ​ |
| ​            |

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| ​                     | ​ | ​ | As of December 31, 2017 | ​ |
|-----------------------------|---------|---------|-------------------------|---------|
| ​                     | ​ | ​ | Level 1                 | ​ | ​ | Level 2 | ​ | ​ | Level 3 | ​ | ​ | Total | ​ |
| Portfolio Investments       | ​ | ​ | ​                 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Senior Secured Term Loans   | ​ | ​ | ​                 | $       | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 63,977,756 | ​ | ​ | ​ | ​ | $ | 63,977,756 | ​ | ​ |
| Warrants                    | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 4,239,103 | ​ | ​ | ​ | ​ | ​ | 4,239,103 | ​ | ​ |
| Total Portfolio Investments | ​ | ​ | ​                 | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 68,216,859 | ​ | ​ | ​ | ​ | ​ | 68,216,859 | ​ | ​ |
| U.S. Treasury Bill          | ​ | ​ | ​                 | ​ | 72,504,649 | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 72,504,649 | ​ | ​ |
| Total Investments           | ​ | ​ | ​                 | $       | 72,504,649 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 68,216,859 | ​ | ​ | ​ | ​ | $ | 140,721,508 | ​ | ​ |
| ​                     |
| ​            | ​ | ​ | As of December 31, 2016 | ​ |
|--------------------|---------|---------|-------------------------|---------|
| ​            | ​ | ​ | Level 1                 | ​ | ​ | Level 2 | ​ | ​ | Level 3 | ​ | ​ | Total | ​ |
| U.S. Treasury Bill | ​ | ​ | ​                 | $       | 2,999,849 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ |
| Total Investments  | ​ | ​ | ​                 | $       | 2,999,849 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 2,999,849 | ​ | ​ |
| ​            |
| ​                                                                                    | ​ | ​ | Senior Secured Term Loans | ​ | ​    | Warrants | ​ | ​ | Total   | ​ |
|--------------------------------------------------------------------------------------------|---------|---------|---------------------------|---------|------------|----------|---------|---------|---------|---------|
| Fair value at December 31, 2016                                                            | ​ | ​ | ​                   | $       | —    | ​  | ​ | ​ | ​ | $       | — | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Amortization of fixed income premiums or discounts                                         | ​ | ​ | ​                   | ​ | 806,632    | ​  | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 806,632 | ​ | ​ |
| Purchases of investments                                                                   | ​ | ​ | ​                   | ​ | 63,171,124 | ​  | ​ | ​ | ​ | ​ | 3,833,913 | ​ | ​ | ​ | ​ | ​ | 67,005,037 | ​ | ​ |
| Sales of investments                                                                       | ​ | ​ | ​                   | ​ | —    | ​  | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Change in unrealized gain (loss)                                                           | ​ | ​ | ​                   | ​ | —    | ​  | ​ | ​ | ​ | ​ | 405,190 | ​ | ​ | ​ | ​ | ​ | 405,190 | ​ | ​ |
| Fair value at December 31, 2017                                                            | ​ | ​ | ​                   | $       | 63,977,756 | ​  | ​ | ​ | ​ | $       | 4,239,103 | ​ | ​ | ​ | ​ | $ | 68,216,859 | ​ | ​ |
| Change in unrealized gain (loss) on Level 3 investments still held as of December 31, 2017 | ​ | ​ | ​                   | $       | —    | ​  | ​ | ​ | ​ | $       | 405,190 | ​ | ​ | ​ | ​ | $ | 405,190 | ​ | ​ |
| ​                                                                                    |

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| Description                  | ​ | ​ | Fair Value | ​ | ​    | Valuation Technique | ​ | ​ | Unobservable Inputs | ​ | ​ | Range (Weighted Average)    | ​ |
|------------------------------|---------|---------|------------|---------|------------|---------------------|---------|---------|---------------------|---------|---------|-----------------------------|---------|
| Senior Secured Term Loans(1) | ​ | ​ | ​    | $       | 42,475,947 | ​             | ​ | ​ | Market approach     | ​ | ​ | Origination yield           | ​ | ​ | 14.3% – 21.0% (17.2%) | ​ |
| ​                      | ​ | ​ | ​    | ​ | 21,501,809 | ​             | ​ | ​ | Income approach     | ​ | ​ | Discount rate               | ​ | ​ | 14.8% – 19.4% (16.7%) | ​ |
| Warrants(2)                  | ​ | ​ | ​    | ​ | 4,239,103  | ​             | ​ | ​ | Black-Scholes model | ​ | ​ | Risk-free interest rate     | ​ | ​ | 1.3% – 2.3% (2.0%) | ​ |
| ​                      | ​ | ​ | ​    | ​ | ​    | ​             | ​ | ​ | ​             | ​ | ​ | Average industry volatility | ​ | ​ | 20% – 70% (43%) | ​ |
| ​                      | ​ | ​ | ​    | ​ | ​    | ​             | ​ | ​ | ​             | ​ | ​ | Estimated time to exit      | ​ | ​ | 1.4 years – 5.8 years (4.3 years) | ​ |
| Total Level 3 Investments    | ​ | ​ | ​    | $       | 68,216,859 | ​             | ​ | ​ | ​             | ​ | ​ | ​                     | ​ | ​ | ​ | ​ |
| ​                      |

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| ​                                                                                        | ​ | ​ | Year ended December 31, 2017 | ​ | ​     | Year ended December 31, 2016 | ​ | ​ | For the period from August 31, 2015 (date of inception) through December 31, 2015 | ​ |
|------------------------------------------------------------------------------------------------|---------|---------|------------------------------|---------|-------------|------------------------------|---------|---------|-----------------------------------------------------------------------------------|---------|
| Per Share Data(1):                                                                             | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                                           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net asset value at beginning of period                                                         | ​ | ​ | ​                      | $       | 10.38       | ​                      | ​ | ​ | ​                                                                           | $       | 15.00 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Net investment loss                                                                            | ​ | ​ | ​                      | ​ | (0.66)      | ​                      | ​ | ​ | ​                                                                           | ​ | (83.81) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Realized gain (loss)                                                                           | ​ | ​ | ​                      | ​ | —     | ​                      | ​ | ​ | ​                                                                           | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Change in unrealized appreciation (depreciation)                                               | ​ | ​ | ​                      | ​ | 0.14        | ​                      | ​ | ​ | ​                                                                           | ​ | (0.01) | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Issuance of common shares                                                                      | ​ | ​ | ​                      | ​ | —     | ​                      | ​ | ​ | ​                                                                           | ​ | 79.20 | ​ | ​ | ​ | ​ | ​ | 15.00 | ​ | ​ |
| Accretion                                                                                      | ​ | ​ | ​                      | ​ | 4.80        | ​                      | ​ | ​ | ​                                                                           | ​ | — | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ |
| Net asset value at end of period                                                               | ​ | ​ | ​                      | $       | 14.66       | ​                      | ​ | ​ | ​                                                                           | $       | 10.38 | ​ | ​ | ​ | ​ | $ | 15.00 | ​ | ​ |
| Return from investment operations                                                              | ​ | ​ | ​                      | ​ | (6.36)%     | ​                      | ​ | ​ | ​                                                                           | ​ | (30.80)% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Return from accretion                                                                          | ​ | ​ | ​                      | ​ | 46.24%      | ​                      | ​ | ​ | ​                                                                           | ​ | —% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Total return based on net asset value(2)                                                       | ​ | ​ | ​                      | ​ | 41.23%      | ​                      | ​ | ​ | ​                                                                           | ​ | (30.80)% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Weighted-average shares outstanding for period, basic                                          | ​ | ​ | ​                      | ​ | 2,795,274   | ​                      | ​ | ​ | ​                                                                           | ​ | 10,774 | ​ | ​ | ​ | ​ | ​ | 1,667 | ​ | ​ |
| Ratio/Supplemental Data:                                                                       | ​ | ​ | ​                      | ​ | ​     | ​                      | ​ | ​ | ​                                                                           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
| Net assets at end of period                                                                    | ​ | ​ | ​                      | $       | 127,040,377 | ​                      | ​ | ​ | ​                                                                           | $       | 3,476,672 | ​ | ​ | ​ | ​ | $ | 25,000 | ​ | ​ |
| Average net assets                                                                             | ​ | ​ | ​                      | $       | 40,388,772  | ​                      | ​ | ​ | ​                                                                           | $       | 151,520 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Annualized ratio of net operating expenses to average net assets                               | ​ | ​ | ​                      | ​ | 12.46%      | ​                      | ​ | ​ | ​                                                                           | ​ | 595.90% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Annualized ratio of net investment loss to average net assets                             | ​ | ​ | ​                      | ​ | (4.56)%     | ​                      | ​ | ​ | ​                                                                           | ​ | (595.90)% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Annualized ratio of net operating expenses excluding management fees, to average net assets    | ​ | ​ | ​                      | ​ | 3.58%       | ​                      | ​ | ​ | ​                                                                           | ​ | 484.00% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |
| Annualized ratio of net decrease in net assets resulting from operations to average net assets | ​ | ​ | ​                      | ​ | (3.56)%     | ​                      | ​ | ​ | ​                                                                           | ​ | (596.00)% | ​ | ​ | ​ | ​ | ​ | —% | ​ | ​ |

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| (amounts in thousands, except share and per share data)               | ​ | ​ | March 31, 2017 | ​ | ​   | June 30, 2017 | ​ | ​ | September 30, 2017 | ​ | ​     | December 31, 2017 | ​ |
|-----------------------------------------------------------------------|---------|---------|----------------|---------|-----------|---------------|---------|---------|--------------------|---------|-------------|-------------------|---------|
| Total investment income                                               | ​ | ​ | ​        | $       | 3,288     | ​       | ​ | ​ | ​            | $       | 128,093     | ​           | ​ | ​ | ​ | $ | 1,150,108 | ​ | ​ | ​ | ​ | $ | 1,908,350 | ​ | ​ |
| Total operating expenses                                              | ​ | ​ | ​        | ​ | 885,750   | ​       | ​ | ​ | ​            | ​ | 1,368,402   | ​           | ​ | ​ | ​ | ​ | 1,315,204 | ​ | ​ | ​ | ​ | ​ | 1,462,029 | ​ | ​ |
| Net investment income (loss)                                          | ​ | ​ | ​        | ​ | (882,462) | ​       | ​ | ​ | ​            | ​ | (1,240,309) | ​           | ​ | ​ | ​ | ​ | (165,096) | ​ | ​ | ​ | ​ | ​ | 446,322 | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on investments   | ​ | ​ | ​        | ​ | 164       | ​       | ​ | ​ | ​            | ​ | 1,733       | ​           | ​ | ​ | ​ | ​ | (636) | ​ | ​ | ​ | ​ | ​ | 403,990 | ​ | ​ |
| Increase (decrease) in net assets resulting from operations           | ​ | ​ | ​        | ​ | (882,298) | ​       | ​ | ​ | ​            | ​ | (1,238,576) | ​           | ​ | ​ | ​ | ​ | (165,733) | ​ | ​ | ​ | ​ | ​ | 850,312 | ​ | ​ |
| Increase (decrease) in net assets resulting from operations per share | ​ | ​ | ​        | $       | (2.63)    | ​       | ​ | ​ | ​            | $       | (1.01)      | ​           | ​ | ​ | ​ | $ | (0.05) | ​ | ​ | ​ | ​ | $ | 0.14 | ​ | ​ |
| Net asset value per share as of the end of the period                 | ​ | ​ | ​        | $       | 7.74      | ​       | ​ | ​ | ​            | $       | 13.78       | ​           | ​ | ​ | ​ | $ | 14.32 | ​ | ​ | ​ | ​ | $ | 14.66 | ​ | ​ |
| (amounts in thousands, except share and per share data)               | ​ | ​ | March 31, 2016 | ​ | ​                   | June 30, 2016 | ​ | ​ | September 30, 2016 | ​ | ​ | December 31, 2016 | ​ |
|-----------------------------------------------------------------------|---------|---------|----------------|---------|---------------------------|---------------|---------|---------|-------------------------|---------|---------|-------------------|---------|
| Total investment income                                               | ​ | ​ | ​        | $       |    — | ​       | ​ | ​ | ​                 | ​ | ​ | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |
| Total operating expenses                                              | ​ | ​ | ​        | ​ | —                   | ​       | ​ | ​ | ​                 | ​ | ​ | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 902,980 | ​ | ​ |
| Net investment income (loss)                                          | ​ | ​ | ​        | ​ | —                   | ​       | ​ | ​ | ​                 | ​ | — | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | (902,980) | ​ | ​ |
| Net change in unrealized appreciation (depreciation) on investments   | ​ | ​ | ​        | ​ | —                   | ​       | ​ | ​ | ​                 | ​ | ​ | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (61) | ​ | ​ |
| Increase (decrease) in net assets resulting from operations           | ​ | ​ | ​        | ​ | —                   | ​       | ​ | ​ | ​                 | ​ | — | ​           | ​ | ​ | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | (903,041) | ​ | ​ |
| Increase (decrease) in net assets resulting from operations per share | ​ | ​ | ​        | $       | —                   | ​       | ​ | ​ | ​                 | ​ | ​ | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (23.83) | ​ | ​ |
| Net asset value per share as of the end of the period                 | ​ | ​ | ​        | $       | —                   | ​       | ​ | ​ | ​                 | ​ | ​ | ​           | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 10.38 | ​ | ​ |
| Date     | ​ | ​ | Investment Name                 | ​ | ​ | Principal | ​ | ​   | Cost Allocated to Loan | ​ | ​ | Cost Allocated to Warrant | ​ |
|----------|---------|---------|---------------------------------|---------|---------|-----------|---------|-----------|------------------------|---------|---------|---------------------------|---------|
| 2/8/2018 | ​ | ​ | eSilicon Corporation-Tranche II | ​ | ​ | ​   | $       | 5,000,000 | ​                | ​ | ​ | ​                   | $       | 4,950,000 | ​ | ​ | ​ | ​ | $ | — | ​ | ​ |

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| ​                                                                                                                                                     | ​ | ​ | Page    | ​ |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|---------|---------|
| Report of Independent Registered Public Accounting Firm                                                                                                     | ​ | ​ | ​ | ​ | 67 | ​ | ​ |
| Statements of Assets and Liabilities as of December 31, 2017 and 2016.                                                                                      | ​ | ​ | ​ | ​ | 68 | ​ | ​ |
| Statements of Operations for the years ended December 31, 2017 and 2016 and for the period from August 31, 2015 (inception) to December 31, 2015            | ​ | ​ | ​ | ​ | 69 | ​ | ​ |
| Statements of Changes in Net Assets for the years ended December 31, 2017 and 2016 and for the period from August 31, 2015 (inception) to December 31, 2015 | ​ | ​ | ​ | ​ | 70 | ​ | ​ |
| Statements of Cash Flows for the years ended December 31, 2017 and 2016 and for the period from August 31, 2015 (inception) to December 31, 2015            | ​ | ​ | ​ | ​ | 71 | ​ | ​ |
| Schedules of Investments as of December 31, 2017 and 2016                                                                                                   | ​ | ​ | ​ | ​ | 72 | ​ | ​ |
| Notes to Financial Statements                                                                                                                               | ​ | ​ | ​ | ​ | 76 | ​ | ​ |
| ​ |  3.1 | ​ | ​ | Articles of Amendment and Restatement(1)                                                                                                              | ​ |
|---------|------------|---------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
| ​ |  3.2 | ​ | ​ | Articles of Amendment(2)                                                                                                                              | ​ |
| ​ |  3.3 | ​ | ​ | Amended and Restated Bylaws(2)                                                                                                                        | ​ |
| ​ |  4.1 | ​ | ​ | Form of Subscription Agreement(3)                                                                                                                     | ​ |
| ​ |  9.1 | ​ | ​ | Voting Proxy of OCM Growth Holdings, LLC in favor of Runway Growth Credit Fund Inc.(4)                                                                | ​ |
| ​ | 10.1       | ​ | ​ | Amended and Restated Investment Advisory Agreement between Runway Growth Credit Fund Inc. and Runway Growth Capital LLC, as the investment adviser(5) | ​ |
| ​ | 10.2       | ​ | ​ | Administration Agreement between Runway Growth Credit Fund Inc. and GSV Credit Service Company, LLC, as the administrator(1)                          | ​ |
| ​ | 10.3       | ​ | ​ | Stockholder Agreement between Runway Growth Credit Fund Inc. and OCM Growth Holdings, LLC(1)                                                          | ​ |
| ​ | 10.4       | ​ | ​ | Custody Agreement between Runway Growth Credit Fund Inc. and U.S. Bank National Association, as the custodian(1)                                      | ​ |
| ​ | 10.5       | ​ | ​ | Dividend Reinvestment Plan(6)                                                                                                                         | ​ |
| ​ | 10.6       | ​ | ​ | Form of Indemnification Agreement(6)                                                                                                                  | ​ |
| ​ | 10.7       | ​ | ​ | Trademark License Agreement by and between Runway Growth Capital LLC and the Registrant(7)                                                            | ​ |
| ​ | 11.1       | ​ | ​ | Computation of Per Share Earnings (Included in the notes to the financial statements contained in this report)*                                       | ​ |

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| ​ | 21.1 | ​ | ​ | List of Subsidiaries — None                                                                        | ​ |
|---------|------|---------|---------|----------------------------------------------------------------------------------------------------------------------|---------|
| ​ | 31.1 | ​ | ​ | Certification of Chief Executive Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended* | ​ |
| ​ | 31.2 | ​ | ​ | Certification of Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended* | ​ |
| ​ | 32.1 | ​ | ​ | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*                  | ​ |
| ​ | 32.2 | ​ | ​ | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*                  | ​ |

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| ​ | Date: March 29, 2018 | ​ | ​ | By:/s/ R. David Spreng​​R. David Spreng President, Chief Executive Officer and Chairman of the Board of Directors (Principal Executive Officer) | ​ |
|---------|----------------------|---------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
| ​ | Date: March 29, 2018 | ​ | ​ | By:/s/ Thomas B. Raterman​​Thomas B. Raterman Chief Financial Officer, Treasurer and Secretary (Principal Financial and Accounting Officer)     | ​ |
| ​ | Date: March 29, 2018 | ​ | ​ | By:/s/ Gary Kovacs​​Gary Kovacs Director                                                                                                        | ​ |
| ​ | Date: March 29, 2018 | ​ | ​ | By:/s/ Brian Laibow​​Brian Laibow Director                                                                                                      | ​ |
| ​ | Date: March 29, 2018 | ​ | ​ | By:/s/ Julie Persily​​Julie Persily Director                                                                                                    | ​ |
| ​ | Date: March 29, 2018 | ​ | ​ | By:/s/ Lewis W. Solimene, Jr.​​Lewis W. Solimene, Jr. Director                                                                                  | ​ |

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