|  |  |  |
|--|--|--|
|  |

|  |  |  |
|--|--|--|
|  |

|  |  |  |
|--|--|--|
|  |

|  |  |  |
|--|--|--|
|  |

|                            |        |                                                                                                                                                                                                                                                                                                      |        |                                                |  |  |  |  |  |  |  |  |  |  |
|----------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|--|--|--|--|--|--|--|--|--|--|
| CommissionFile Number |   | Exact name of registrant as specified in its charter, address of principal executiveoffices, telephone numbers and states or other jurisdictions of incorporation or organization |   | I.R.S. EmployerIdentification Number |
| 814-00832                  |   | New Mountain Finance Corporation                                                                                                                                                                                                                                                                     |   | 27-2978010                                     |
|                       |   | 1633 Broadway, 48th FloorNew York, New York 10019Telephone: (212) 720-0300State of Incorporation: Delaware                                                                                                                                                                         |   |                                           |

|  |  |  |
|--|--|--|
|  |

|  |                                         |                   |                                           |  |  |  |  |  |  |  |  |  |  |  |
|--|-----------------------------------------|-------------------|-------------------------------------------|--|--|--|--|--|--|--|--|--|--|--|
|  | Title of each class                     | Trading Symbol(s) | Name of each exchange on which registered |  |
|  | Common stock, par value $0.01 per share | NMFC              | The NASDAQ Global Select Market           |  |

|        |                                     |        |                                  |  |  |  |  |  |  |  |  |  |  |  |
|--------|-------------------------------------|--------|----------------------------------|--|--|--|--|--|--|--|--|--|--|--|
|   | Large accelerated filer ý |   | Accelerated filer o         |  |
|   | Non-accelerated filer o        |   | Smaller reporting company o |  |
|        | Emerging growth company o      |        |                                  |  |

|  |  |  |
|--|--|--|
|  |

|                                         |        |                          |  |  |  |  |  |  |
|-----------------------------------------|--------|--------------------------|--|--|--|--|--|--|
| Description                             |   | Shares as of May 9, 2022 |
| Common stock, par value $0.01 per share |   | 100,716,928              |

|  |  |  |
|--|--|--|
|  |

----

Table of Contents

|                                         |                                                                                                                                       |        |  |  |  |  |  |  |
|-----------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|--------|--|--|--|--|--|--|
|                                    | PAGE                                                                                                                                  |
|                                    |                                                                                                                                  |
| PART I. FINANCIAL INFORMATION |                                                                                                                                       |
|                                    |                                                                                                                                       |
| Item 1.                            | Financial Statements                                                                                                                  |        |
|                                    |                                                                                                                                  |   |
|                                    | New Mountain Finance Corporation                                                                                                      |   |
|                                    | Consolidated Statements of Assets and Liabilities as of March 31, 2022 (unaudited) and December 31, 2021 (unaudited)        | 3      |
|                                    | Consolidated Statements of Operations for the three months ended March 31, 2022 (unaudited) and March 31, 2021 (unaudited)            | 4      |
|                                    | Consolidated Statements of Changes in Net Assets for the three months ended March 31, 2022 (unaudited) and March 31, 2021 (unaudited) | 5      |
|                                    | Consolidated Statements of Cash Flows for the three months ended March 31, 2022 (unaudited) and March 31, 2021 (unaudited)            | 6      |
|                                    | Consolidated Schedule of Investments as of March 31, 2022 (unaudited)                                                                 | 7      |
|                                    | Consolidated Schedule of Investments as of December 31, 2021                                                                     | 33     |
|                                    | Notes to the Consolidated Financial Statements of New Mountain Finance Corporation (unaudited)                                        | 57     |
|                                    | Report of Independent Registered Public Accounting Firm                                                                               | 100    |
|                                    |                                                                                                                                  |        |
| Item 2.                            | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                           | 101    |
| Item 3.                            | Quantitative and Qualitative Disclosures About Market Risk                                                                            | 123    |
| Item 4.                            | Controls and Procedures                                                                                                               | 124    |
|                                    |                                                                                                                                       |
| PART II. OTHER INFORMATION    | 125                                                                                                                                   |
|                                    |                                                                                                                                       |
| Item 1.                            | Legal Proceedings                                                                                                                     | 125    |
| Item 1A.                           | Risk Factors                                                                                                                          | 125    |
| Item 2.                            | Unregistered Sales of Equity Securities and Use of Proceeds                                                                           | 126    |
| Item 3.                            | Defaults Upon Senior Securities                                                                                                       | 126    |
| Item 4.                            | Mine Safety Disclosures                                                                                                               | 126    |
| Item 5.                            | Other Information                                                                                                                     | 126    |
| Item 6.                            | Exhibits                                                                                                                              | 127    |
|                                    | Signatures                                                                                                                            | 128    |

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Table of Contents

|                                                                                                                                                   |                  |                 |                   |                  |   |                 |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------|------------------|-----------------|-------------------|------------------|---|-----------------|--|--|--|--|--|
|                                                                                                                                              | March 31, 2022   |                 | December 31, 2021 |
| Assets                                                                                                                                            |             |                 |              |
| Investments at fair value                                                                                                                         |             |                 |              |
| Non-controlled/non-affiliated investments (cost of $2,423,505 and $2,323,224, respectively)                                                   | $                | 2,378,853  |                   |                  | $ | 2,283,779  |  |
| Non-controlled/affiliated investments (cost of $82,039 and $80,801, respectively)                                                             | 146,772     |                 |                   | 134,775     |   |
| Controlled investments (cost of $714,165 and $722,467, respectively)                                                                              | 731,340     |                 |                   | 755,810     |   |
| Total investments at fair value (cost of $3,219,709 and $3,126,492, respectively)                                                                 | 3,256,965   |                 |                   | 3,174,364   |   |
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively)                                        | 19,401      |                 |                   | 21,422      |   |
| Cash and cash equivalents                                                                                                                         | 35,376      |                 |                   | 58,077      |   |
| Interest and dividend receivable                                                                                                                  | 34,760      |                 |                   | 30,868      |   |
|                                                                                                                                                   |                  |                 |                   |
|                                                                                                                                                   |                  |                 |                   |
|                                                                                                                                                   |                  |                 |                   |
| Other assets                                                                                                                                      | 15,341      |                 |                   | 11,081      |   |
| Total assets                                                                                                                                      | $                | 3,361,843  |                   |                  | $ | 3,295,812  |  |
| Liabilities                                                                                                                                       |             |                 |              |
| Borrowings                                                                                                                                        |                  |                 |                   |
|      Holdings Credit Facility                                                                                            | $                | 576,263    |                   |                  | $ | 545,263    |  |
|      Unsecured Notes                                                                                                     | 511,500     |                 |                   | 511,500     |   |
|      SBA-guaranteed debentures                                                                                           | 300,000     |                 |                   | 300,000     |   |
|      DB Credit Facility                                                                                                  | 224,300     |                 |                   | 226,300     |   |
|      Convertible Notes                                                                                                   | 201,391     |                 |                   | 201,417     |   |
|      NMFC Credit Facility                                                                                                | 131,860     |                 |                   | 127,192     |   |
|         NMNLC Credit Facility II                                                                          | 15,200      |                 |                   | 15,200      |   |
|      Deferred financing costs (net of accumulated amortization of $42,405 and $40,713, respectively)                     | (17,996)         |                 |                   | (19,684)         |   |
| Net borrowings                                                                                                                                    | 1,942,518   |                 |                   | 1,907,188   |   |
| Management fee payable                                                                                                                            | 20,625      |                 |                   | 10,164      |   |
| Incentive fee payable                                                                                                                             | 14,980      |                 |                   | 7,503       |   |
| Interest payable                                                                                                                                  | 10,201      |                 |                   | 17,388      |   |
| Payable for unsettled securities purchased                                                                                                        | 2,000       |                 |                   | 7,910       |   |
| Payable to affiliates                                                                                                                             | 1,234       |                 |                   | 556         |   |
| Deferred tax liability                                                                                                                            | 14          |                 |                   | 13          |   |
| Other liabilities                                                                                                                                 | 2,431       |                 |                   | 2,478       |   |
| Total liabilities                                                                                                                                 | 1,994,003   |                 |                   | 1,953,200   |   |
| Commitments and contingencies (See Note 9)                                                                                                        |             |                 |              |
| Net assets                                                                                                                                        |             |                 |              |
| Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued                                                              | —     |                 |                   | —     |   |
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, and 99,498,562 and 97,907,441 shares issued and outstanding, respectively | 995         |                 |                   | 979         |   |
| Paid in capital in excess of par                                                                                                                  | 1,294,300   |                 |                   | 1,272,796   |   |
|                                                                                                                                                   |                  |                 |                   |
| Accumulated undistributed earnings                                                                                                                | 54,073      |                 |                   | 47,470      |   |
| Total net assets of New Mountain Finance Corporation                                                                                              | $                | 1,349,368  |                   |                  | $ | 1,321,245  |  |
| Non-controlling interest in New Mountain Net Lease Corporation                                                                                    | 18,472      |                 |                   | 21,367      |   |
| Total net assets                                                                                                                                  | $                | 1,367,840  |                   |                  | $ | 1,342,612  |  |
| Total liabilities and net assets                                                                                                                  | $                | 3,361,843  |                   |                  | $ | 3,295,812  |  |
| Number of shares outstanding                                                                                                                      | 99,498,562  |                 |                   | 97,907,441  |   |
| Net asset value per share of New Mountain Finance Corporation                                                                                     | $                | 13.56      |                   |                  | $ | 13.49      |  |

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Table of Contents

|                                                                                                                                          |                    |              |                |                   |   |              |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------|----------------|-------------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                                                                                                                                          | Three Months Ended |              |                |
|                                                                                                                                          | March 31, 2022     |              | March 31, 2021 |                   |   |              |  |
| Investment income                                                                                                                   |                    |              |                |                   |   |              |  |
| From non-controlled/non-affiliated investments:                                                                                  |                    |              |                |                   |   |              |  |
| Interest income (excluding Payment-in-kind ("PIK") interest income)                                                              | $                  | 37,444  |                |                   | $ | 39,560  |  |  |  |  |  |
| PIK interest income                                                                                                                      | 3,302         |              |                | 2,534        |   |              |  |  |  |
| Dividend income                                                                                                                          | 48            |              |                | —      |   |              |  |  |  |
| Non-cash dividend income                                                                                                                 | 3,085         |              |                | 2,401        |   |              |  |  |  |
| Other income                                                                                                                             | 1,631         |              |                | 2,824        |   |              |  |  |  |
| From non-controlled/affiliated investments:                                                                                      |                    |              |                |                   |   |              |  |
| Interest income (excluding PIK interest income)                                                                                          | 255           |              |                | 463          |   |              |  |  |  |
| PIK interest income                                                                                                                      | 251           |              |                | —      |   |              |  |  |  |
|                                                                                                                                          |                    |              |                |                   |   |              |  |
| Non-cash dividend income                                                                                                                 | 982           |              |                | 1,505        |   |              |  |  |  |
| Other income                                                                                                                             | 63            |              |                | 102          |   |              |  |  |  |
| From controlled investments:                                                                                                         |                    |              |                |                   |   |              |  |
| Interest income (excluding PIK interest income)                                                                                          | 1,656         |              |                | 1,148        |   |              |  |  |  |
| PIK interest income                                                                                                                      | 4,970         |              |                | 3,304        |   |              |  |  |  |
| Dividend income                                                                                                                          | 11,645        |              |                | 10,475       |   |              |  |  |  |
| Non-cash dividend income                                                                                                                 | 1,012         |              |                | 1,281        |   |              |  |  |  |
| Other income                                                                                                                             | 2,619         |              |                | 2,111        |   |              |  |  |  |
| Total investment income                                                                                                                  | 68,963        |              |                | 67,708       |   |              |  |  |  |
| Expenses                                                                                                                                 |                    |              |                |                   |   |              |  |
| Incentive fee                                                                                                                            | 7,477         |              |                | 7,248        |   |              |  |  |  |
| Management fee                                                                                                                           | 11,553        |              |                | 13,420       |   |              |  |  |  |
| Interest and other financing expenses                                                                                                    | 18,637        |              |                | 19,385       |   |              |  |  |  |
| Administrative expenses                                                                                                                  | 1,209         |              |                | 1,129        |   |              |  |  |  |
| Professional fees                                                                                                                        | 937           |              |                | 726          |   |              |  |  |  |
| Other general and administrative expenses                                                                                                | 477           |              |                | 442          |   |              |  |  |  |
| Total expenses                                                                                                                           | 40,290        |              |                | 42,350       |   |              |  |  |  |
| Less: management fee waived (See Note 5)                                                                                             | (1,092)            |              |                | (3,637)           |   |              |  |  |  |
| Less: expenses waived and reimbursed (See Note 5)                                                                               | (238)              |              |                | —      |   |              |  |  |  |
| Net expenses                                                                                                                             | 38,960        |              |                | 38,713       |   |              |  |  |  |
| Net investment income before income taxes                                                                                                | 30,003        |              |                | 28,995       |   |              |  |  |  |
| Income tax expense                                                                                                                       | 95            |              |                | 1            |   |              |  |  |  |
| Net investment income                                                                                                                    | 29,908        |              |                | 28,994       |   |              |  |  |  |
| Net realized gains (losses):                                                                                                         |                    |              |                |                   |   |              |  |
| Non-controlled/non-affiliated investments                                                                                            | (70)               |              |                | 181          |   |              |  |  |  |
| Non-controlled/affiliated investments                                                                                                | —       |              |                | (12,212)          |   |              |  |  |  |
| Controlled investments                                                                                                                   | 19,242        |              |                | 1,535        |   |              |  |  |  |
|                                                                                                                                          |                    |              |                |                   |   |              |  |
| Foreign currency                                                                                                                         | 345                |              | —   |                   |   |              |  |  |
| Net change in unrealized (depreciation) appreciation:                                                                                |                    |              |                |                   |   |              |  |
| Non-controlled/non-affiliated investments                                                                                       | (4,524)            |              |                | 8,271        |   |              |  |  |  |
| Non-controlled/affiliated investments                                                                                                | 10,759        |              |                | 29,042       |   |              |  |  |  |
| Controlled investments                                                                                                                   | (16,168)           |              |                | (3,841)           |   |              |  |  |  |
| Securities purchased under collateralized agreements to resell                                                                           | (2,021)            |              |                | —      |   |              |  |  |  |
|                                                                                                                                          |                    |              |                |                   |   |              |  |
| Foreign currency                                                                                                                         | (422)              |              |                | —      |   |              |  |  |  |
| Provision for taxes                                                                                                                      | (2)                |              |                | (115)             |   |              |  |  |  |
| Net realized and unrealized gains                                                                                                        | 7,139         |              |                | 22,861       |   |              |  |  |  |
| Net increase in net assets resulting from operations                                                                                     | 37,047        |              |                | 51,855       |   |              |  |  |  |
| Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation | (855)              |              |                | (365)             |   |              |  |  |  |
| Net increase in net assets resulting from operations related to New Mountain Finance Corporation                                         | $                  | 36,192  |                |                   | $ | 51,490  |  |  |  |  |  |
| Basic earnings per share                                                                                                                 | $                  | 0.37    |                |                   | $ | 0.53    |  |  |  |  |  |
| Weighted average shares of common stock outstanding - basic (See Note 11)                                                                | 98,413,476    |              |                | 96,827,342   |   |              |  |  |  |
| Diluted earnings per share                                                                                                               | $                  | 0.34    |                |                   | $ | 0.49    |  |  |  |  |  |
| Weighted average shares of common stock outstanding - diluted (See Note 11)                                                              | 111,671,062   |              |                | 110,084,927  |   |              |  |  |  |
| Distributions declared and paid per share                                                                                                | $                  | 0.30    |                |                   | $ | 0.30    |  |  |  |  |  |

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Table of Contents

|                                                                                                                                                            |                    |                 |                |                 |   |                 |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|-----------------|----------------|-----------------|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                            | Three Months Ended |                 |                |
|                                                                                                                                                            | March 31, 2022     |                 | March 31, 2021 |                 |   |                 |  |
| Increase (decrease) in net assets resulting from operations:                                                                                           |                    |                 |                |                 |   |                 |  |
| Net investment income                                                                                                                                      | $                  | 29,908     |                |                 | $ | 28,994     |  |  |  |  |  |
| Net realized gains (losses) on investments and foreign currency                                                                                            | 19,517        |                 |                | (10,496)        |   |                 |  |  |  |
| Net change in unrealized (depreciation) appreciation of investments and foreign currency                                                                   | (10,355)           |                 |                | 33,472     |   |                 |  |  |  |
| Net change in unrealized depreciation of securities purchased under collateralized agreements to resell                                                    | (2,021)            |                 |                | —    |   |                 |  |  |  |
| Provision for taxes                                                                                                                                        | (2)                |                 |                | (115)           |   |                 |  |  |  |
| Net increase in net assets resulting from operations                                                                                                       | 37,047        |                 |                | 51,855     |   |                 |  |  |  |
| Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation ("NMNLC") | (855)              |                 |                | (365)           |   |                 |  |  |  |
| Net increase in net assets resulting from operations related to New Mountain Finance Corporation                                                           | 36,192        |                 |                | 51,490     |   |                 |  |  |  |
| Capital transactions                                                                                                                                       |                    |                 |                |                 |   |                 |  |
| Net proceeds from shares sold                                                                                                                              | 20,474        |                 |                | —    |   |                 |  |  |  |
| Offering costs                                                                                                                                             | (52)               |                 |                | —    |   |                 |  |  |  |
| Distributions declared to stockholders from net investment income                                                                                          | (29,589)           |                 |                | (29,048)        |   |                 |  |  |  |
| Reinvestment of distributions                                                                                                                              | 1,098         |                 |                | —    |   |                 |  |  |  |
|                                                                                                                                                            |                    |                 |                |                 |   |                 |  |
|                                                                                                                                                            |                    |                 |                |                 |   |                 |  |
| Total net decrease in net assets resulting from capital transactions                                                                                       | (8,069)            |                 |                | (29,048)        |   |                 |  |  |  |
| Net increase in net assets                                                                                                                                 | 28,123        |                 |                | 22,442     |   |                 |  |  |  |
| New Mountain Finance Corporation net assets at the beginning of the period                                                                                 | 1,321,245     |                 |                | 1,221,875  |   |                 |  |  |  |
| New Mountain Finance Corporation net assets at the end of the period                                                                                       | 1,349,368     |                 |                | 1,244,317  |   |                 |  |  |  |
| Non-controlling interest in NMNLC                                                                                                                          | 18,472        |                 |                | 18,481     |   |                 |  |  |  |
| Net assets at the end of the period                                                                                                                        | $                  | 1,367,840  |                |                 | $ | 1,262,798  |  |  |  |  |  |
|                                                                                                                                                            |                    |                 |                |                 |   |                 |  |
| Capital share activity                                                                                                                                     |                    |                 |                |                 |   |                 |  |
| Shares sold                                                                                                                                                | 1,511,836     |                 |                | —    |   |                 |  |  |  |
| Shares issued from the reinvestment of distributions                                                                                                       | 79,285        |                 |                | —    |   |                 |  |  |  |
|                                                                                                                                                            |                    |                 |                |                 |   |                 |  |
|                                                                                                                                                            |                    |                 |                |                 |   |                 |  |
| Net increase in shares outstanding                                                                                                                         | 1,591,121     |                 |                | —    |   |                 |  |  |  |

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Table of Contents

|                                                                                                                                           |                    |              |                |               |   |               |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------|----------------|---------------|---|---------------|--|--|--|--|--|
|                                                                                                                                           | Three Months Ended |
|                                                                                                                                           | March 31, 2022     |              | March 31, 2021 |
| Cash flows from operating activities                                                                                                      |                    |              |                |
| Net increase in net assets resulting from operations                                                                                      | $                  | 37,047  |                |               | $ | 51,855   |  |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) provided by operating activities: |                    |              |                |
| Net realized (gains) losses on investments                                                                                                | (19,172)           |              |                | 10,496   |   |
| Net realized gains on translation of assets and liabilities in foreign currencies                                                         | (345)              |              |                | —  |   |
| Net change in unrealized depreciation (appreciation) of investments                                                                       | 9,933         |              |                | (33,472)      |   |
| Net change in unrealized depreciation on translation of assets and liabilities in foreign currencies                                      | 422           |              |                | —  |   |
| Net change in unrealized depreciation of securities purchased under collateralized agreements to resell                                   | 2,021         |              |                | —  |   |
| Amortization of purchase discount                                                                                                         | (1,393)            |              |                | (1,978)       |   |
| Amortization of deferred financing costs                                                                                                  | 1,692         |              |                | 2,315    |   |
| Amortization of premium on Convertible Notes                                                                                              | (26)               |              |                | (26)          |   |
| Non-cash investment income                                                                                                                | (12,122)           |              |                | (11,091)      |   |
| (Increase) decrease in operating assets:                                                                                              |                    |              |                |
|                                                                                                                                           |                    |              |                |
| Purchase of investments and delayed draw facilities                                                                                       | (153,863)          |              |                | (222,985)     |   |
| Proceeds from sales and paydowns of investments                                                                                           | 93,302        |              |                | 197,671  |   |
| Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities                                              | 83            |              |                | 36       |   |
| Cash paid for purchase of drawn portion of revolving credit facilities                                                                    | (32)               |              |                | (483)         |   |
| Cash paid on drawn revolvers                                                                                                              | (8,438)            |              |                | (13,806)      |   |
| Cash repayments on drawn revolvers                                                                                                        | 8,419         |              |                | 10,502   |   |
| Deferred tax asset                                                                                                                        | —       |              |                | 101      |   |
| Interest and dividend receivable                                                                                                          | (3,892)            |              |                | (4,516)       |   |
| Receivable from unsettled securities sold                                                                                                 | —       |              |                | 9,019    |   |
| Receivable from affiliates                                                                                                                | —       |              |                | 117      |   |
| Other assets                                                                                                                              | (4,268)            |              |                | (2,094)       |   |
| Increase (decrease) in operating liabilities:                                                                                         |                    |              |                |
| Management fee payable                                                                                                                    | 10,461        |              |                | 9,783    |   |
| Incentive fee payable                                                                                                                     | 7,477         |              |                | 7,248    |   |
| Payable for unsettled securities purchased                                                                                                | (5,910)            |              |                | 36,021   |   |
| Payable to affiliates                                                                                                                     | 678           |              |                | 671      |   |
| Interest payable                                                                                                                          | (7,187)            |              |                | (5,761)       |   |
| Deferred tax liability                                                                                                                    | 1             |              |                | 14       |   |
| Other liabilities                                                                                                                         | (58)               |              |                | 1,550    |   |
| Contributions related to non-controlling interest in New Mountain Net Lease Corporation ("NMNLC")                                 | —       |              |                | 3,102    |   |
| Net cash flows (used in) provided by operating activities                                                                                 | (45,170)           |              |                | 44,289   |   |
| Cash flows from financing activities                                                                                                      |                    |              |                |
| Net proceeds from shares sold                                                                                                             | 20,474        |              |                | —  |   |
| Offering costs paid                                                                                                                       | (21)               |              |                | —  |   |
| Distributions paid                                                                                                                        | (28,491)           |              |                | (29,048)      |   |
| Proceeds from Holdings Credit Facility                                                                                                    | 55,000        |              |                | —  |   |
| Repayment of Holdings Credit Facility                                                                                                     | (24,000)           |              |                | —  |   |
|                                                                                                                                           |                    |              |                |
|                                                                                                                                           |                    |              |                |
| Proceeds from Unsecured Notes                                                                                                             | —       |              |                | 200,000  |   |
| Repayment of Unsecured Notes                                                                                                              | —       |              |                | (141,750)     |   |
|                                                                                                                                           |                    |              |                |
| Proceeds from NMFC Credit Facility                                                                                                        | 61,349        |              |                | 157,000  |   |
| Repayment of NMFC Credit Facility                                                                                                         | (56,000)           |              |                | (215,500)     |   |
| Proceeds from DB Credit Facility                                                                                                          | 20,000        |              |                | 40,000   |   |
| Repayment of DB Credit Facility                                                                                                           | (22,000)           |              |                | (83,000)      |   |
|                                                                                                                                           |                    |              |                |
|                                                                                                                                           |                    |              |                |
|                                                                                                                                           |                    |              |                |
| Distributions related to non-controlling interest in NMNLC                                                                                | (3,750)            |              |                | —  |   |
| Deferred financing costs paid                                                                                                             | (14)               |              |                | (3,658)       |   |
|                                                                                                                                           |                    |              |                |
| Net cash flows provided by (used in) by financing activities                                                                              | 22,547        |              |                | (75,956)      |   |
| Net decrease in cash and cash equivalents                                                                                                 | (22,623)           |              |                | (31,667)      |   |
| Effect of foreign exchange rate changes on cash and cash equivalents                                                                      | (78)               |              |                | —  |   |
| Cash and cash equivalents at the beginning of the period                                                                                  | 58,077        |              |                | 78,966   |   |
| Cash and cash equivalents at the end of the period                                                                                        | $                  | 35,376  |                |               | $ | 47,299   |  |
| Supplemental disclosure of cash flow information                                                                                          |                    |              |                |
| Cash interest paid                                                                                                                        | $                  | 23,703  |                |               | $ | 22,245   |  |
| Income taxes paid                                                                                                                         | 9             |              |                | 1        |   |
|                                                                                                                                           |                    |              |                |
|                                                                                                                                           |                    |              |                |
| Non-cash financing activities:                                                                                                        |                    |              |                |
|                                                                                                                                           |                    |              |                |
| Value of shares reissued from repurchase program in connection with the distribution reinvestment plan                                    | $                  | 1,098   |                |               | $ | —  |  |
| Accrual for offering costs                                                                                                                | 42            |              |                | —  |   |
| Accrual for deferred financing costs                                                                                                      | 1             |              |                | 88       |   |

----

Table of Contents

|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|--------------------------------|--|--------------------------------------|--|-------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)  |  | Type of Investment             |  | Interest Rate (19)                   |  | Acquisition Date  |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Non-Controlled/Non-Affiliated Investments |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Funded Debt Investments - United States       |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| GS Acquisitionco, Inc.                        |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                      |  | First lien (2)(15)             |  | 7.25% (L + 5.75%/S)              |  | 8/7/2019  |  | 5/22/2026              |  | $                                                               | 67,793  |              |              | $                     | 67,552  |                      |  | $          | 67,793  |  |  |  |
|                                               |  | First lien (5)(15)             |  | 7.25% (L + 5.75%/S)              |  | 8/7/2019  |  | 5/22/2026              |  | 21,912                                                     |              |              | 21,839  |                       |              | 21,912          |  |            |              |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 7.25% (L + 5.75%/S)              |  | 8/7/2019  |  | 5/22/2026              |  | 5,029                                                      |              |              | 4,998   |                       |              | 5,029           |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              | 94,389  |              |                       | 94,734  |                      |  | 6.93  | %            |
| PhyNet Dermatology LLC                        |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                           |  | First lien (2)(15)             |  | 7.00% (L + 5.50% + 0.50% PIK/Q)* |  | 9/17/2018 |  | 8/16/2024              |  | 49,551                                                     |              |              | 49,331  |                       |              | 49,551          |  |            |              |
|                                               |  | First lien (3)(15)             |  | 7.00% (L + 5.50% + 0.50% PIK/Q)* |  | 9/17/2018 |  | 8/16/2024              |  | 18,919                                                     |              |              | 18,812  |                       |              | 18,919          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              | 68,143  |              |                       | 68,470  |                      |  | 5.01  | %            |
| Associations, Inc.                            |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Consumer Services                             |  | First lien (2)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027               |  | 35,113                                                     |              |              | 34,967  |                       |              | 34,937          |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027               |  | 8,644                                                      |              |              | 8,604   |                       |              | 8,601           |  |            |              |
|                                               |  | First lien (3)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027               |  | 8,644                                                      |              |              | 8,602   |                       |              | 8,600           |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027               |  | 5,221                                                      |              |              | 5,197   |                       |              | 5,195           |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027               |  | 4,153                                                      |              |              | 4,134   |                       |              | 4,133           |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              | 61,504  |              |                       | 61,466  |                      |  | 4.49  | %            |
| iCIMS, Inc.                                   |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                      |  | First lien (8)(15)             |  | 7.50% (L + 6.50%/S)              |  | 9/12/2018 |  | 9/12/2024              |  | 41,635                                                     |              |              | 41,431  |                       |              | 41,635          |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 6.50%/S)              |  | 6/14/2019 |  | 9/12/2024              |  | 8,667                                                      |              |              | 8,622   |                       |              | 8,667           |  |            |              |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 7.50% (L + 6.50%/S)              |  | 9/12/2018 |  | 9/12/2024              |  | 2,915                                                      |              |              | 2,886   |                       |              | 2,915           |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              | 52,939  |              |                       | 53,217  |                      |  | 3.89  | %            |
| Frontline Technologies Group Holdings, LLC    |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                      |  | First lien (4)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 9/18/2017 |  | 9/18/2023              |  | 21,662                                                     |              |              | 21,616  |                       |              | 21,662          |  |            |              |
|                                               |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 9/18/2017 |  | 9/18/2023              |  | 18,256                                                     |              |              | 18,232  |                       |              | 18,256          |  |            |              |
|                                               |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 9/18/2017 |  | 9/18/2023              |  | 7,536                                                      |              |              | 7,514   |                       |              | 7,536           |  |            |              |
|                                               |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 6/15/2021 |  | 9/18/2023              |  | 5,019                                                      |              |              | 5,019   |                       |              | 5,019           |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              | 52,381  |              |                       | 52,473  |                      |  | 3.84  | %            |
| CentralSquare Technologies, LLC               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                      |  | Second lien (3)                |  | 8.51% (L + 7.50%/Q)              |  | 8/15/2018 |  | 8/31/2026              |  | 47,838                                                     |              |              | 47,450  |                       |              | 44,370          |  |            |              |
|                                               |  | Second lien (8)                |  | 8.51% (L + 7.50%/Q)              |  | 8/15/2018 |  | 8/31/2026              |  | 7,500                                                      |              |              | 7,439   |                       |              | 6,956           |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              | 54,889  |              |                       | 51,326  |                      |  | 3.75  | %            |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                               |  |                                |  |                                      |  |                   |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|--------------------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (19)                   |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| NM GRC Holdco, LLC                           |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (2)(15)             |  | 8.50% (L + 6.00% + 1.50% PIK/M)* |  | 2/9/2018   |  | 2/9/2024               |  | $                                                               | 38,609  |              |              | $                     | 38,542  |                      |  | $          | 38,609  |  |  |  |
|                                              |  | First lien (2)(15)             |  | 8.50% (L + 6.00% + 1.50% PIK/M)* |  | 2/9/2018   |  | 2/9/2024               |  | 10,731                                                     |              |              | 10,711  |                       |              | 10,731          |  |            |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              | 49,253  |              |                       | 49,340  |                      |  | 3.61  | %            |
| Paw Midco, Inc.                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| AAH Topco, LLC                               |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Consumer Services                            |  | First lien (8)(15)             |  | 6.25% (L + 5.50%/M)              |  | 12/22/2021 |  | 12/22/2027             |  | 20,791                                                     |              |              | 20,591  |                       |              | 20,583          |  |            |              |
|                                              |  | First lien (4)(15)             |  | 6.25% (L + 5.50%/M)              |  | 1/13/2022  |  | 12/22/2027             |  | 9,871                                                      |              |              | 9,776   |                       |              | 9,773           |  |            |              |
|                                              |  | Subordinated (3)(15)           |  | 11.50% PIK/Q*                    |  | 12/22/2021 |  | 12/22/2031             |  | 11,461                                                     |              |              | 11,298  |                       |              | 11,290          |  |            |              |
|                                              |  | Subordinated (4)(15)           |  | 11.50% PIK/Q*                    |  | 1/13/2022  |  | 12/22/2031             |  | 4,495                                                      |              |              | 4,430   |                       |              | 4,427           |  |            |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              | 46,095  |              |                       | 46,073  |                      |  | 3.37  | %            |
| Affinity Dental Management, Inc.             |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (2)(15)             |  | 7.03% (L + 6.00%/S)              |  | 9/15/2017  |  | 9/15/2023              |  | 33,194                                                     |              |              | 33,173  |                       |              | 33,194          |  |            |              |
|                                              |  | First lien (4)(15)             |  | 7.03% (L + 6.00%/S)              |  | 9/17/2019  |  | 9/15/2023              |  | 10,454                                                     |              |              | 10,454  |                       |              | 10,454          |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 7.00% (L + 6.00%/S)              |  | 9/15/2017  |  | 3/15/2023              |  | 1,738                                                      |              |              | 1,720   |                       |              | 1,738           |  |            |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              | 45,347  |              |                       | 45,386  |                      |  | 3.32  | %            |
| Brave Parent Holdings, Inc.                  |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | Second lien (5)(15)            |  | 7.96% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026              |  | 22,500                                                     |              |              | 22,433  |                       |              | 22,500          |  |            |              |
|                                              |  | Second lien (2)(15)            |  | 7.96% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026              |  | 16,624                                                     |              |              | 16,524  |                       |              | 16,624          |  |            |              |
|                                              |  | Second lien (8)(15)            |  | 7.96% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026              |  | 6,000                                                      |              |              | 5,964   |                       |              | 6,000           |  |            |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              | 44,921  |              |                       | 45,124  |                      |  | 3.30  | %            |
| Integro Parent Inc.                          |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Insurance Services                           |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/S)              |  | 10/9/2015  |  | 10/31/2022             |  | 33,986                                                     |              |              | 33,958  |                       |              | 31,349          |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 2.80% (L + 2.50%/S)              |  | 6/8/2018   |  | 4/30/2022              |  | 6,743                                                      |              |              | 6,709   |                       |              | 6,219           |  |            |              |
|                                              |  | Second lien (8)(15)            |  | 10.25% (L + 9.25%/S)             |  | 10/9/2015  |  | 10/30/2023             |  | 10,000                                                     |              |              | 9,973   |                       |              | 6,500           |  |            |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              | 50,640  |              |                       | 44,068  |                      |  | 3.22  | %            |
| Kaseya Inc.                                  |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (8)(15)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 5/9/2019   |  | 5/2/2025               |  | 29,170                                                     |              |              | 29,014  |                       |              | 29,170          |  |            |              |
|                                              |  | First lien (8)(15)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 9/8/2021   |  | 5/2/2025               |  | 7,816                                                      |              |              | 7,757   |                       |              | 7,816           |  |            |              |
|                                              |  | First lien (3)(15)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 5/9/2019   |  | 5/2/2025               |  | 3,414                                                      |              |              | 3,391   |                       |              | 3,414           |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 9/8/2021   |  | 5/2/2025               |  | 1,908                                                      |              |              | 1,893   |                       |              | 1,908           |  |            |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              | 42,055  |              |                       | 42,308  |                      |  | 3.09  | %            |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|-------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Deca Dental Holdings LLC                     |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q) |  | 8/26/2021  |  | 8/28/2028              |  | $                                                               | 38,148  |              |              | $                     | 37,793  |                      |  | $          | 37,766  |   |  |  |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.76% (L + 5.75%/Q) |  | 8/26/2021  |  | 8/28/2028              |  | 4,016                                                      |              |              | 3,977   |                       |              | 3,975           |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 41,770  |              |                       | 41,741  |                      |  | 3.05  | %            |
| GC Waves Holdings, Inc.                      |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Financial Services                           |  | First lien (5)(15)             |  | 6.25% (L + 5.50%/M) |  | 8/13/2021  |  | 8/13/2026              |  | 22,053                                                     |              |              | 21,943  |                       |              | 22,053          |  |            |              |
|                                              |  | First lien (2)(15)             |  | 6.25% (L + 5.50%/M) |  | 8/13/2021  |  | 8/13/2026              |  | 13,311                                                     |              |              | 13,220  |                       |              | 13,311          |  |            |              |
|                                              |  | First lien (2)(15)(18) - Drawn |  | 6.28% (L + 5.50%/M) |  | 8/13/2021  |  | 8/13/2026              |  | 6,301                                                      |              |              | 6,242   |                       |              | 6,301           |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 41,405  |              |                       | 41,665  |                      |  | 3.05  | %            |
| Recorded Future, Inc.                        |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (8)(15)             |  | 6.26% (L + 5.25%/Q) |  | 8/26/2019  |  | 7/3/2025               |  | 24,655                                                     |              |              | 24,504  |                       |              | 24,532          |  |            |              |
|                                              |  | First lien (8)(15)             |  | 6.26% (L + 5.25%/Q) |  | 3/26/2021  |  | 7/3/2025               |  | 12,748                                                     |              |              | 12,667  |                       |              | 12,685          |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 37,171  |              |                       | 37,217  |                      |  | 2.72  | %            |
| Stamps.com Inc.                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (8)(15)             |  | 6.50% (L + 5.75%/Q) |  | 10/5/2021  |  | 10/5/2028              |  | 37,273                                                     |              |              | 36,922  |                       |              | 36,900          |  |            | 2.70    | % |
| OEC Holdco, LLC (22)                         |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| OEConnection LLC                             |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | Second lien (2)(15)            |  | 7.50% (L + 7.00%/M) |  | 12/17/2021 |  | 9/25/2027              |  | 23,406                                                     |              |              | 23,181  |                       |              | 23,171          |  |            |              |
|                                              |  | Second lien (2)(15)            |  | 7.50% (L + 7.00%/M) |  | 9/25/2019  |  | 9/25/2027              |  | 12,044                                                     |              |              | 11,953  |                       |              | 11,924          |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 35,134  |              |                       | 35,095  |                      |  | 2.57  | %            |
| MRI Software LLC                             |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (5)(15)             |  | 6.51% (L + 5.50%/Q) |  | 1/31/2020  |  | 2/10/2026              |  | 22,048                                                     |              |              | 21,972  |                       |              | 22,048          |  |            |              |
|                                              |  | First lien (2)(15)             |  | 6.51% (L + 5.50%/Q) |  | 3/24/2021  |  | 2/10/2026              |  | 7,785                                                      |              |              | 7,766   |                       |              | 7,785           |  |            |              |
|                                              |  | First lien (2)(15)             |  | 6.51% (L + 5.50%/Q) |  | 1/31/2020  |  | 2/10/2026              |  | 3,197                                                      |              |              | 3,186   |                       |              | 3,197           |  |            |              |
|                                              |  | First lien (3)(15)             |  | 6.51% (L + 5.50%/Q) |  | 1/31/2020  |  | 2/10/2026              |  | 816                                                        |              |              | 812     |                       |              | 816             |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 33,736  |              |                       | 33,846  |                      |  | 2.47  | %            |
| IG Investments Holdings, LLC                 |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (2)(15)             |  | 7.01% (L + 6.00%/Q) |  | 9/22/2021  |  | 9/22/2028              |  | 29,355                                                     |              |              | 29,079  |                       |              | 29,061          |  |            |              |
|                                              |  | First lien (2)(15)             |  | 7.01% (L + 6.00%/Q) |  | 2/25/2022  |  | 9/22/2028              |  | 4,289                                                      |              |              | 4,268   |                       |              | 4,246           |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 8.50% (P + 5.00%/Q) |  | 9/22/2021  |  | 9/22/2027              |  | 460                                                        |              |              | 455     |                       |              | 455             |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 33,802  |              |                       | 33,762  |                      |  | 2.47  | %            |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|------------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (19)           |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Diamond Parent Holdings Corp. (35)           |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Diligent Corporation                         |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)      |  | 3/30/2021  |  | 8/4/2025               |  | $                                                               | 17,717  |              |              | $                     | 17,647  |                      |  | $          | 17,717  |   |  |  |
|                                              |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)      |  | 3/4/2021   |  | 8/4/2025               |  | 9,880                                                      |              |              | 9,841   |                       |              | 9,880           |  |            |              |
|                                              |  | First lien (3)(15)             |  | 7.26% (L + 6.25%/Q)      |  | 12/19/2018 |  | 8/4/2025               |  | 5,872                                                      |              |              | 5,846   |                       |              | 5,907           |  |            |              |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              | 33,334  |              |                       | 33,504  |                      |  | 2.45  | %            |
| EAB Global, Inc.                             |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Education                                    |  | Second lien (2)(15)            |  | 7.00% (L + 6.50%/S)      |  | 8/16/2021  |  | 8/16/2029              |  | 33,452                                                     |              |              | 32,981  |                       |              | 32,951          |  |            | 2.41    | % |
| KAMC Holdings, Inc                           |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | Second lien (2)(15)            |  | 8.47% (L + 8.00%/Q)      |  | 8/14/2019  |  | 8/13/2027              |  | 18,750                                                     |              |              | 18,646  |                       |              | 16,279          |  |            |              |
|                                              |  | Second lien (8)(15)            |  | 8.47% (L + 8.00%/Q)      |  | 8/14/2019  |  | 8/13/2027              |  | 18,750                                                     |              |              | 18,646  |                       |              | 16,279          |  |            |              |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              | 37,292  |              |                       | 32,558  |                      |  | 2.38  | %            |
| Ansira Holdings, Inc.                        |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (8)(15)             |  | 7.50% (L + 6.50% PIK/Q)* |  | 12/19/2016 |  | 12/20/2024             |  | 32,553                                                     |              |              | 32,511  |                       |              | 24,599          |  |            |              |
|                                              |  | First lien (3)(15)             |  | 7.50% (L + 6.50% PIK/Q)* |  | 12/19/2016 |  | 12/20/2024             |  | 8,182                                                      |              |              | 8,173   |                       |              | 6,182           |  |            |              |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              | 40,684  |              |                       | 30,781  |                      |  | 2.25  | %            |
| DCA Investment Holding, LLC                  |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (2)(15)             |  | 6.75% (SOFR + 6.00%/S)   |  | 3/12/2021  |  | 4/3/2028               |  | 19,823                                                     |              |              | 19,696  |                       |              | 19,823          |  |            |              |
|                                              |  | First lien (2)(15)             |  | 6.75% (SOFR + 6.00%/S)   |  | 2/25/2022  |  | 4/3/2028               |  | 7,099                                                      |              |              | 7,064   |                       |              | 7,099           |  |            |              |
|                                              |  | First lien (3)(15)             |  | 6.75% (SOFR + 6.00%/S)   |  | 3/12/2021  |  | 4/3/2028               |  | 3,298                                                      |              |              | 3,273   |                       |              | 3,298           |  |            |              |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              | 30,033  |              |                       | 30,220  |                      |  | 2.21  | %            |
| Granicus, Inc.                               |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (4)(15)             |  | 7.50% (L + 6.50%/Q)      |  | 1/27/2021  |  | 1/29/2027              |  | 15,483                                                     |              |              | 15,385  |                       |              | 15,483          |  |            |              |
|                                              |  | First lien (8)(15)             |  | 7.50% (L + 6.50%/Q)      |  | 1/27/2021  |  | 1/29/2027              |  | 5,989                                                      |              |              | 5,949   |                       |              | 5,989           |  |            |              |
|                                              |  | First lien (2)(15)             |  | 7.50% (L + 6.50%/Q)      |  | 1/27/2021  |  | 1/29/2027              |  | 5,907                                                      |              |              | 5,870   |                       |              | 5,907           |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 7.01% (L + 6.00%/Q)      |  | 4/23/2021  |  | 1/29/2027              |  | 2,771                                                      |              |              | 2,746   |                       |              | 2,744           |  |            |              |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              | 29,950  |              |                       | 30,123  |                      |  | 2.20  | %            |
| TigerConnect, Inc.                           |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (2)(15)             |  | 7.75% (SOFR + 6.75%/Q)   |  | 2/16/2022  |  | 2/16/2028              |  | 29,868                                                     |              |              | 29,574  |                       |              | 29,570          |  |            | 2.16    | % |
| Foundational Education Group, Inc.           |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Education                                    |  | Second lien (5)                |  | 7.00% (L + 6.50%/M)      |  | 8/19/2021  |  | 8/31/2029              |  | 22,500                                                     |              |              | 22,393  |                       |              | 22,373          |  |            |              |
|                                              |  | Second lien (2)                |  | 7.00% (L + 6.50%/M)      |  | 8/19/2021  |  | 8/31/2029              |  | 7,009                                                      |              |              | 6,985   |                       |              | 6,969           |  |            |              |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              | 29,378  |              |                       | 29,342  |                      |  | 2.15  | %            |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                              |  |                                |  |                              |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|---------------------|--|-------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)             |  | Type of Investment  |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Syndigo LLC                                              |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                                 |  | Second lien (4)(15) |  | 8.75% (L + 8.00%/S) |  | 12/14/2020 |  | 12/15/2028             |  | $                                                               | 22,500  |              |              | $                     | 22,351  |                      |  | $          | 22,500  |   |  |  |
|                                                          |  | Second lien (2)(15) |  | 8.75% (L + 8.00%/S) |  | 2/16/2022  |  | 12/15/2028             |  | 5,697                                                      |              |              | 5,711   |                       |              | 5,697           |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 28,062  |              |                       | 28,197  |                      |  | 2.06  | %            |
| OA Topco, L.P.  (40)                                     |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| OA Buyer, Inc.                                           |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Information Technology                        |  | First lien (2)(15)  |  | 6.75% (L + 6.00%/M) |  | 12/20/2021 |  | 12/20/2028             |  | 28,201                                                     |              |              | 27,927  |                       |              | 27,918          |  |            | 2.04    | % |
| TMK Hawk Parent, Corp.                                   |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Distribution & Logistics                             |  | First lien (2)      |  | 4.50% (L + 3.50%/M) |  | 6/24/2019  |  | 8/28/2024              |  | 16,521                                                     |              |              | 15,206  |                       |              | 14,125          |  |            |              |
|                                                          |  | First lien (8)      |  | 4.50% (L + 3.50%/M) |  | 10/23/2019 |  | 8/28/2024              |  | 15,934                                                     |              |              | 14,332  |                       |              | 13,624          |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 29,538  |              |                       | 27,749  |                      |  | 2.03  | %            |
| New Trojan Parent, Inc.                                  |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                                      |  | Second lien (2)(15) |  | 7.75% (L + 7.25%/M) |  | 1/22/2021  |  | 1/5/2029               |  | 26,762                                                     |              |              | 26,643  |                       |              | 26,762          |  |            | 1.96    | % |
| HS Purchaser, LLC  / Help/Systems Holdings, Inc. |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                                 |  | Second lien (5)     |  | 7.50% (L + 6.75%/M) |  | 11/14/2019 |  | 11/19/2027             |  | 22,500                                                     |              |              | 22,407  |                       |              | 22,317          |  |            |              |
|                                                          |  | Second lien (2)     |  | 7.50% (L + 6.75%/M) |  | 11/14/2019 |  | 11/19/2027             |  | 4,208                                                      |              |              | 4,176   |                       |              | 4,174           |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 26,583  |              |                       | 26,491  |                      |  | 1.94  | %            |
| VT Topco, Inc.                                           |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                                        |  | Second lien (2)(15) |  | 7.76% (L + 6.75%/Q) |  | 7/30/2021  |  | 7/31/2026              |  | 16,183                                                     |              |              | 16,129  |                       |              | 16,183          |  |            |              |
|                                                          |  | Second lien (4)(15) |  | 7.76% (L + 6.75%/Q) |  | 8/14/2018  |  | 7/31/2026              |  | 10,000                                                     |              |              | 9,984   |                       |              | 10,000          |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 26,113  |              |                       | 26,183  |                      |  | 1.91  | %            |
| CRCI Longhorn Holdings, Inc.                             |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                                        |  | Second lien (3)(15) |  | 7.70% (L + 7.25%/M) |  | 8/2/2018   |  | 8/10/2026              |  | 18,266                                                     |              |              | 18,223  |                       |              | 18,266          |  |            |              |
|                                                          |  | Second lien (8)(15) |  | 7.70% (L + 7.25%/M) |  | 8/2/2018   |  | 8/10/2026              |  | 7,500                                                      |              |              | 7,482   |                       |              | 7,500           |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 25,705  |              |                       | 25,766  |                      |  | 1.88  | %            |
| Idera, Inc.                                              |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                                 |  | Second lien (4)(15) |  | 7.50% (L + 6.75%/S) |  | 6/27/2019  |  | 3/2/2029               |  | 22,500                                                     |              |              | 22,220  |                       |              | 22,500          |  |            |              |
|                                                          |  | Second lien (3)(15) |  | 7.50% (L + 6.75%/S) |  | 4/29/2021  |  | 3/2/2029               |  | 3,000                                                      |              |              | 2,986   |                       |              | 3,000           |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 25,206  |              |                       | 25,500  |                      |  | 1.86  | %            |
| NMC Crimson Holdings, Inc.                               |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                                      |  | First lien (8)(15)  |  | 6.75% (L + 6.00%/M) |  | 3/1/2021   |  | 3/1/2028               |  | 19,259                                                     |              |              | 19,006  |                       |              | 19,259          |  |            |              |
|                                                          |  | First lien (2)(15)  |  | 6.75% (L + 6.00%/M) |  | 3/2/2021   |  | 3/1/2028               |  | 4,913                                                      |              |              | 4,848   |                       |              | 4,913           |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 23,854  |              |                       | 24,172  |                      |  | 1.77  | %            |
| Convey Health Solutions, Inc.**                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                                      |  | First lien (4)(15)  |  | 5.50% (L + 4.75%/M) |  | 9/9/2019   |  | 9/4/2026               |  | 19,263                                                     |              |              | 19,116  |                       |              | 19,263          |  |            |              |
|                                                          |  | First lien (4)(15)  |  | 5.50% (L + 4.75%/M) |  | 2/1/2022   |  | 9/4/2026               |  | 3,233                                                      |              |              | 3,186   |                       |              | 3,233           |  |            |              |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              | 22,302  |              |                       | 22,496  |                      |  | 1.64  | %            |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                                          |  |                     |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|--------------------------------|--|----------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)               |  | Type of Investment             |  | Interest Rate (19)         |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| AmeriVet Partners Management, Inc.                         |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Consumer Services                                          |  | First lien (2)(15)             |  | 6.30% (SOFR + 5.50%/Q) |  | 2/25/2022  |  | 2/25/2028              |  | $                                                               | 22,490  |              |              | $                     | 22,379  |                      |  | $          | 22,378  |   |  | 1.64  | % |
| ACI Parent Inc.  (36)                                      |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| ACI Group Holdings, Inc.                                   |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                                        |  | First lien (2)(15)             |  | 6.51% (L + 5.50%/Q)    |  | 8/2/2021   |  | 8/2/2028               |  | 22,250                                                     |              |              | 22,045  |                       |              | 22,028          |  |            |              |
|                                                            |  | First lien (3)(15)(18) - Drawn |  | 6.51% (L + 5.50%/Q)    |  | 8/2/2021   |  | 8/2/2028               |  | 59                                                         |              |              | 58      |                       |              | 58              |  |            |              |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 22,103  |              |                       | 22,086  |                      |  | 1.61  | %            |
| Cardinal Parent, Inc.                                      |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                                   |  | First lien (4)                 |  | 5.25% (L + 4.50%/Q)    |  | 10/30/2020 |  | 11/12/2027             |  | 12,066                                                     |              |              | 11,990  |                       |              | 12,052          |  |            |              |
|                                                            |  | Second lien (4)(15)            |  | 8.50% (L + 7.75%/Q)    |  | 11/12/2020 |  | 11/13/2028             |  | 9,767                                                      |              |              | 9,682   |                       |              | 9,864           |  |            |              |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 21,672  |              |                       | 21,916  |                      |  | 1.60  | %            |
| Spring Education Group, Inc (fka SSH Group Holdings, Inc.) |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Education                                                  |  | Second lien (2)                |  | 9.26% (L + 8.25%/Q)    |  | 7/26/2018  |  | 7/30/2026              |  | 21,959                                                     |              |              | 21,922  |                       |              | 21,337          |  |            | 1.56    | % |
| MED Parentco, LP                                           |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                                        |  | Second lien (8)                |  | 8.71% (L + 8.25%/M)    |  | 8/2/2019   |  | 8/30/2027              |  | 20,857                                                     |              |              | 20,739  |                       |              | 20,788          |  |            | 1.52    | % |
| Bullhorn, Inc.                                             |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                                   |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 9/24/2019  |  | 9/30/2026              |  | 16,788                                                     |              |              | 16,702  |                       |              | 16,788          |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 10/5/2021  |  | 9/30/2026              |  | 1,171                                                      |              |              | 1,168   |                       |              | 1,171           |  |            |              |
|                                                            |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 10/5/2021  |  | 9/30/2026              |  | 1,073                                                      |              |              | 1,070   |                       |              | 1,073           |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 9/24/2019  |  | 9/30/2026              |  | 777                                                        |              |              | 771     |                       |              | 777             |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 9/24/2019  |  | 9/30/2026              |  | 348                                                        |              |              | 346     |                       |              | 348             |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 9/24/2019  |  | 9/30/2026              |  | 277                                                        |              |              | 276     |                       |              | 277             |  |            |              |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 20,333  |              |                       | 20,434  |                      |  | 1.49  | %            |
| YLG Holdings, Inc.                                         |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                                          |  | First lien (5)(15)             |  | 6.25% (L + 5.25%/S)    |  | 11/1/2019  |  | 10/31/2025             |  | 17,999                                                     |              |              | 17,941  |                       |              | 17,999          |  |            |              |
|                                                            |  | First lien (5)(15)             |  | 6.25% (L + 5.25%/S)    |  | 11/1/2019  |  | 10/31/2025             |  | 2,344                                                      |              |              | 2,335   |                       |              | 2,344           |  |            |              |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 20,276  |              |                       | 20,343  |                      |  | 1.49  | %            |
| Fortis Solutions Group, LLC                                |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Packaging                                                  |  | First lien (8)(15)             |  | 6.51% (L + 5.50%/Q)    |  | 10/15/2021 |  | 10/13/2028             |  | 10,273                                                     |              |              | 10,175  |                       |              | 10,170          |  |            |              |
|                                                            |  | First lien (2)(15)             |  | 6.51% (L + 5.50%/Q)    |  | 10/15/2021 |  | 10/13/2028             |  | 10,273                                                     |              |              | 10,175  |                       |              | 10,170          |  |            |              |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 20,350  |              |                       | 20,340  |                      |  | 1.49  | %            |
| DG Investment Intermediate Holdings 2, Inc.                |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                                          |  | Second lien (3)(15)            |  | 7.50% (L + 6.75%/M)    |  | 3/18/2021  |  | 3/30/2029              |  | 20,313                                                     |              |              | 20,266  |                       |              | 20,313          |  |            | 1.49    | % |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                                            |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|--------------------------------|--|---------------------------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|---------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)             |  | Type of Investment             |  | Interest Rate (19)                          |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |               |  Fair Value |              | Percent of NetAssets |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Infogain Corporation                                     |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Software                                                 |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/S)                     |  | 7/30/2021  |  | 7/28/2028              |  | $                                                               | 19,042  |              |               | $                     | 18,910  |                      |  | $          | 18,899  |   |  |  |
|                                                          |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/Q)                     |  | 7/30/2021  |  | 7/30/2026              |  | 765                                                        |              |              | 760      |                       |              | 760             |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              | 19,670  |               |                       | 19,659  |                      |  | 1.44  | %            |
| Xactly Corporation                                       |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Software                                                 |  | First lien (4)(15)             |  | 8.25% (L + 7.25%/S)                     |  | 7/31/2017  |  | 7/31/2023              |  | 19,047                                                     |              |              | 19,011   |                       |              | 19,047          |  |            | 1.39    | % |
| Bluefin Holding, LLC                                     |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Software                                                 |  | Second lien (8)(15)            |  | 8.26% (L + 7.75%/Q)                     |  | 9/6/2019   |  | 9/3/2027               |  | 18,000                                                     |              |              | 18,000   |                       |              | 18,000          |  |            | 1.32    | % |
| AAC Lender Holdings, LLC (33)                            |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| American Achievement Corporation (aka AAC Holding Corp.) |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Education                                                |  | First lien (2)(15)             |  | 7.25% (L + 5.75% PIK + 0.50%/M) (41)*   |  | 9/30/2015  |  | 9/30/2026              |  | 27,876                                                     |              |              | 27,829   |                       |              | 17,554          |  |            |              |
|                                                          |  | First lien (3)(15)             |  | 15.00% (L + 13.50% PIK + 0.50%/M) (41)* |  | 6/10/2021  |  | 9/30/2026              |  | 1,527                                                      |              |              | 1,527    |                       |              | —         |  |            |              |
|                                                          |  | Subordinated (3)(15)           |  | 2.00% (L + 1.00% PIK/Q) (41)*           |  | 3/16/2021  |  | 9/30/2026              |  | 5,230                                                      |              |              | —  |                       |              | —         |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              | 29,356  |               |                       | 17,554  |                      |  | 1.28  | %            |
| Trinity Air Consultants Holdings Corporation             |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Business Services                                        |  | First lien (2)(15)             |  | 6.00% (L + 5.25%/S)                     |  | 6/30/2021  |  | 6/29/2027              |  | 15,382                                                     |              |              | 15,244   |                       |              | 15,326          |  |            |              |
|                                                          |  | First lien (3)(15)(18) - Drawn |  | 6.15% (L + 5.25%/S)                     |  | 6/30/2021  |  | 6/29/2027              |  | 1,876                                                      |              |              | 1,857    |                       |              | 1,869           |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              | 17,101  |               |                       | 17,195  |                      |  | 1.26  | %            |
| The Kleinfelder Group, Inc.                              |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Business Services                                        |  | First lien (4)(15)             |  | 6.25% (L + 5.25%/Q)                     |  | 12/18/2018 |  | 11/29/2024             |  | 16,664                                                     |              |              | 16,623   |                       |              | 16,664          |  |            | 1.22    | % |
| Kele Holdco, Inc.                                        |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Distribution & Logistics                             |  | First lien (5)(15)             |  | 6.75% (L + 5.75%/M)                     |  | 2/20/2020  |  | 2/20/2026              |  | 15,909                                                     |              |              | 15,853   |                       |              | 15,909          |  |            |              |
|                                                          |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/M)                     |  | 2/20/2020  |  | 2/20/2026              |  | 630                                                        |              |              | 627      |                       |              | 630             |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              | 16,480  |               |                       | 16,539  |                      |  | 1.21  | %            |
| Coyote Buyer, LLC                                        |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Specialty Chemicals & Materials                      |  | First lien (5)(15)             |  | 7.00% (L + 6.00%/S)                     |  | 3/13/2020  |  | 2/6/2026               |  | 13,901                                                     |              |              | 13,853   |                       |              | 13,901          |  |            |              |
|                                                          |  | First lien (5)(15)             |  | 9.00% (L + 8.00%/S)                     |  | 10/15/2020 |  | 8/6/2026               |  | 2,502                                                      |              |              | 2,482    |                       |              | 2,502           |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              | 16,335  |               |                       | 16,403  |                      |  | 1.20  | %            |
| Pioneer Topco I, L.P. (39)                               |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Pioneer Buyer I, LLC                                     |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Software                                                 |  | First lien (8)(15)             |  | 7.75% (L + 7.00% PIK/Q)*                |  | 11/1/2021  |  | 11/1/2028              |  | 13,892                                                     |              |              | 13,764   |                       |              | 13,753          |  |            |              |
|                                                          |  | First lien (8)(15)             |  | 7.75% (L + 7.00% PIK/Q)*                |  | 3/11/2022  |  | 11/1/2028              |  | 1,904                                                      |              |              | 1,885    |                       |              | 1,885           |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              | 15,649  |               |                       | 15,638  |                      |  | 1.14  | %            |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
|                                                          |  |                                |  |                                             |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |

----

Table of Contents

|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|----------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (19)         |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Hill International, Inc.                     |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 6/21/2017  |  | 11/5/2023              |  | $                                                               | 15,050  |              |              | $                     | 15,031  |                      |  | $          | 15,050  |   |  | 1.10  | % |
| CFS Management, LLC                          |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (2)(15)             |  | 7.25% (SOFR + 6.25%/Q) |  | 8/6/2019   |  | 7/1/2024               |  | 11,468                                                     |              |              | 11,440  |                       |              | 11,468          |  |            |              |
|                                              |  | First lien (3)(15)             |  | 7.25% (SOFR + 6.25%/Q) |  | 8/6/2019   |  | 7/1/2024               |  | 3,416                                                      |              |              | 3,406   |                       |              | 3,416           |  |            |              |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 14,846  |              |                       | 14,884  |                      |  | 1.09  | %            |
| Wealth Enhancement Group, LLC                |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Financial Services                           |  | First lien (3)(15)             |  | 6.75% (L + 5.75%/S)    |  | 1/10/2022  |  | 10/4/2027              |  | 1,263                                                      |              |              | 1,251   |                       |              | 1,263           |  |            |              |
|                                              |  | First lien (3)(15)             |  | 6.75% (L + 5.75%/M)    |  | 1/10/2022  |  | 10/4/2027              |  | 847                                                        |              |              | 839     |                       |              | 847             |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/M)    |  | 8/13/2021  |  | 10/4/2027              |  | 11,821                                                     |              |              | 11,799  |                       |              | 11,821          |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/M)    |  | 8/13/2021  |  | 10/4/2027              |  | 293                                                        |              |              | 292     |                       |              | 293             |  |            |              |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 14,181  |              |                       | 14,224  |                      |  | 1.04  | %            |
| FS WhiteWater Holdings, LLC (38)             |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| FS WhiteWater Borrower, LLC                  |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Consumer Services                            |  | First lien (5)(15)             |  | 6.76% (L + 5.75%/Q)    |  | 12/20/2021 |  | 12/21/2027             |  | 10,474                                                     |              |              | 10,373  |                       |              | 10,369          |  |            |              |
|                                              |  | First lien (5)(15)             |  | 6.71% (L + 5.75%/Q)    |  | 12/20/2021 |  | 12/21/2027             |  | 3,493                                                      |              |              | 3,460   |                       |              | 3,459           |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.50% (L + 5.75%/Q)    |  | 12/20/2021 |  | 12/21/2027             |  | 357                                                        |              |              | 353     |                       |              | 353             |  |            |              |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 14,186  |              |                       | 14,181  |                      |  | 1.04  | %            |
| Galway Borrower LLC                          |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Insurance Services                           |  | First lien (2)(15)             |  | 6.26% (L + 5.25%/Q)    |  | 9/30/2021  |  | 9/29/2028              |  | 13,652                                                     |              |              | 13,523  |                       |              | 13,515          |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.26% (L + 5.25%/Q)    |  | 9/30/2021  |  | 9/29/2028              |  | 186                                                        |              |              | 185     |                       |              | 185             |  |            |              |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              | 13,708  |              |                       | 13,700  |                      |  | 1.00  | %            |
| Transcendia Holdings, Inc.                   |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Packaging                                    |  | Second lien (8)(15)            |  | 9.00% (L + 8.00%/M)    |  | 6/28/2017  |  | 5/30/2025              |  | 14,500                                                     |              |              | 14,403  |                       |              | 13,447          |  |            | 0.98    | % |
| Alegeus Technologies Holding Corp.           |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (8)(15)             |  | 9.25% (L + 8.25%/S)    |  | 9/5/2018   |  | 9/5/2024               |  | 13,444                                                     |              |              | 13,412  |                       |              | 13,444          |  |            | 0.98    | % |
| Castle Management Borrower LLC               |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (2)(15)             |  | 3.19% (L + 2.19%/Q)    |  | 5/31/2018  |  | 2/15/2025              |  | 14,590                                                     |              |              | 14,563  |                       |              | 13,433          |  |            | 0.98    | % |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                              |  |                                |  |                            |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|-------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|--------------|-----------------------|--------------|----------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |              |  Fair Value |              | Percent of NetAssets |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Daxko Acquisition Corporation                |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (8)(15)             |  | 6.25% (L + 5.50%/Q) |  | 10/15/2021 |  | 10/16/2028             |  | $                                                               | 13,244  |              |              | $                     | 13,118  |                      |  | $          | 13,111  |   |  |  |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.25% (L + 5.50%/S) |  | 10/15/2021 |  | 10/16/2028             |  | 295                                                        |              |              | 292     |                       |              | 292             |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 13,410  |              |                       | 13,403  |                      |  | 0.98  | %            |
| FR Arsenal Holdings II Corp.                 |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (2)(15)             |  | 8.50% (L + 7.50%/S) |  | 9/29/2016  |  | 9/8/2022               |  | 14,770                                                     |              |              | 14,755  |                       |              | 13,201          |  |            | 0.97    | % |
| USRP Holdings, Inc.                          |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Federal Services                             |  | First lien (2)(15)             |  | 6.50% (L + 5.50%/Q) |  | 7/22/2021  |  | 7/23/2027              |  | 11,397                                                     |              |              | 11,294  |                       |              | 11,283          |  |            |              |
|                                              |  | First lien (3)(15)             |  | 6.50% (L + 5.50%/Q) |  | 7/22/2021  |  | 7/23/2027              |  | 1,484                                                      |              |              | 1,469   |                       |              | 1,469           |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.51% (L + 5.50%/Q) |  | 7/22/2021  |  | 7/23/2027              |  | 15                                                         |              |              | 15      |                       |              | 15              |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 12,778  |              |                       | 12,767  |                      |  | 0.93  | %            |
| Calabrio, Inc.                               |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (5)(15)             |  | 8.01% (L + 7.00%/Q) |  | 4/16/2021  |  | 4/16/2027              |  | 12,347                                                     |              |              | 12,267  |                       |              | 12,267          |  |            | 0.90    | % |
| Apptio, Inc.                                 |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | First lien (8)(15)             |  | 8.25% (L + 7.25%/Q) |  | 1/10/2019  |  | 1/10/2025              |  | 11,203                                                     |              |              | 11,084  |                       |              | 11,203          |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 8.25% (L + 7.25%/Q) |  | 1/10/2019  |  | 1/10/2025              |  | 827                                                        |              |              | 810     |                       |              | 827             |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 11,894  |              |                       | 12,030  |                      |  | 0.88  | %            |
| CHA Holdings, Inc.                           |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | Second lien (4)(15)            |  | 9.76% (L + 8.75%/Q) |  | 4/3/2018   |  | 4/10/2026              |  | 7,012                                                      |              |              | 6,969   |                       |              | 7,012           |  |            |              |
|                                              |  | Second lien (3)(15)            |  | 9.76% (L + 8.75%/Q) |  | 4/3/2018   |  | 4/10/2026              |  | 4,453                                                      |              |              | 4,426   |                       |              | 4,453           |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 11,395  |              |                       | 11,465  |                      |  | 0.84  | %            |
| Specialtycare, Inc.                          |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Healthcare Services                          |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/Q) |  | 6/18/2021  |  | 6/18/2028              |  | 10,537                                                     |              |              | 10,407  |                       |              | 10,411          |  |            | 0.76    | % |
| Vectra Co.                                   |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Products                            |  | Second lien (8)                |  | 7.71% (L + 7.25%/M) |  | 2/23/2018  |  | 3/8/2026               |  | 10,788                                                     |              |              | 10,765  |                       |              | 10,393          |  |            | 0.76    | % |
| Notorious Topco, LLC                         |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Consumer Products                            |  | First lien (8)(15)             |  | 8.00% (L + 6.50%/S) |  | 11/23/2021 |  | 11/23/2027             |  | 10,127                                                     |              |              | 10,055  |                       |              | 10,051          |  |            |              |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 8.00% (L + 6.50%/S) |  | 11/23/2021 |  | 5/24/2027              |  | 235                                                        |              |              | 233     |                       |              | 233             |  |            |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              | 10,288  |              |                       | 10,284  |                      |  | 0.75  | %            |
| Quartz Holding Company                       |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Software                                     |  | Second lien (3)(15)            |  | 8.46% (L + 8.00%/M) |  | 4/2/2019   |  | 4/2/2027               |  | 10,000                                                     |              |              | 9,860   |                       |              | 10,000          |  |            | 0.73    | % |
| Geo Parent Corporation                       |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | First lien (2)(15)             |  | 5.71% (L + 5.25%/M) |  | 12/13/2018 |  | 12/19/2025             |  | 9,785                                                      |              |              | 9,756   |                       |              | 9,785           |  |            | 0.72    | % |
| PPVA Black Elk (Equity) LLC                  |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
| Business Services                            |  | Subordinated (3)(15)           |  | —                 |  | 5/3/2013   |  | —                        |  | 14,500                                                     |              |              | 14,500  |                       |              | 9,377           |  |            | 0.69    | % |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |
|                                              |  |                                |  |                         |  |                    |  |                                |  |                                                                 |              |              |              |                       |              |                      |

----

Table of Contents

|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |  |            |             |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|--------------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-------------|-------------|-------------|-----------------------|-------------|----------------------|--|------------|-------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (19)             |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |             |  Cost  |             |  Fair Value |             | Percent of NetAssets |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| AgKnowledge Holdings Company, Inc.           |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Business Services                            |  | First lien (2)(15)             |  | 6.25% (L + 4.75%/S)        |  | 11/30/2018 |  | 7/21/2023              |  | $                                                               | 9,142  |             |             | $                     | 9,128  |                      |  | $          | 9,142  |   |  | 0.67  | % |
| CG Group Holdings, LLC                       |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Specialty Chemicals & Materials          |  | First lien (2)(15)             |  | 6.26% (L + 5.25%/Q)        |  | 7/19/2021  |  | 7/19/2027              |  | 8,281                                                      |             |             | 8,197  |                       |             | 8,188           |  |            |             |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.25% (L + 5.25%/M)        |  | 7/19/2021  |  | 7/19/2026              |  | 906                                                        |             |             | 895    |                       |             | 896             |  |            |             |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             | 9,092  |             |                       | 9,084  |                      |  | 0.66  | %           |
| Energize Holdco LLC                          |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Business Services                            |  | Second lien (2)(15)            |  | 7.25% (L + 6.75%/M)        |  | 11/19/2021 |  | 12/7/2029              |  | 7,950                                                      |             |             | 7,911  |                       |             | 7,910           |  |            | 0.58   | % |
| KPSKY Acquisition Inc.                       |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Industrial Services                          |  | First lien (8)(15)             |  | 6.25% (L + 5.50%/M)        |  | 10/19/2021 |  | 10/19/2028             |  | 7,021                                                      |             |             | 6,955  |                       |             | 6,951           |  |            |             |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 8.00% (P + 4.50%/Q)        |  | 10/19/2021 |  | 10/19/2028             |  | 401                                                        |             |             | 397    |                       |             | 397             |  |            |             |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             | 7,352  |             |                       | 7,348  |                      |  | 0.54  | %           |
| Community Brands ParentCo, LLC               |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Software                                     |  | First lien (2)(15)             |  | 6.50% (SOFR + 5.75%/Q)     |  | 2/24/2022  |  | 2/24/2028              |  | 7,217                                                      |             |             | 7,146  |                       |             | 7,145           |  |            | 0.52   | % |
| Restaurant Technologies, Inc.                |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Business Services                            |  | Second lien (4)                |  | 9.00% (P + 5.50%/M)        |  | 9/24/2018  |  | 10/1/2026              |  | 6,722                                                      |             |             | 6,711  |                       |             | 6,722           |  |            | 0.49   | % |
| ADG, LLC                                     |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Healthcare Services                          |  | Second lien (3)(15)            |  | 11.00% (L + 10.00% PIK/Q)* |  | 10/3/2016  |  | 3/28/2024              |  | 6,772                                                      |             |             | 6,746  |                       |             | 6,249           |  |            | 0.46   | % |
| Appriss Health Holdings, Inc. (23)           |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Appriss Health, LLC                          |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Healthcare Information Technology            |  | First lien (8)(15)             |  | 8.25% (L + 7.25%/Q)        |  | 5/6/2021   |  | 5/6/2027               |  | 6,250                                                      |             |             | 6,195  |                       |             | 6,188           |  |            | 0.45   | % |
| Safety Borrower Holdings LLC                 |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Information Services                         |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)        |  | 9/1/2021   |  | 9/1/2027               |  | 5,742                                                      |             |             | 5,716  |                       |             | 5,713           |  |            |             |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 8.25% (P + 4.75%/Q)        |  | 9/1/2021   |  | 9/1/2027               |  | 128                                                        |             |             | 127    |                       |             | 127             |  |            |             |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             | 5,843  |             |                       | 5,840  |                      |  | 0.43  | %           |
| Sun Acquirer Corp.                           |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Consumer Services                            |  | First lien (2)(15)             |  | 6.76% (L + 5.75%/Q)        |  | 9/8/2021   |  | 9/8/2028               |  | 4,015                                                      |             |             | 3,982  |                       |             | 3,974           |  |            |             |
|                                              |  | First lien (3)(15)(18) - Drawn |  | 6.76% (L + 5.75%/Q)        |  | 9/8/2021   |  | 9/8/2028               |  | 1,581                                                      |             |             | 1,567  |                       |             | 1,566           |  |            |             |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             | 5,549  |             |                       | 5,540  |                      |  | 0.41  | %           |
| Pye-Barker Fire & Safety, LLC            |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
| Business Services                            |  | First lien (3)(15)(18) - Drawn |  | 6.46% (L + 5.50%/Q)        |  | 11/26/2021 |  | 11/26/2027             |  | 3,722                                                      |             |             | 3,686  |                       |             | 3,722           |  |            | 0.27   | % |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |
|                                              |  |                                |  |                                |  |                    |  |                                |  |                                                                 |             |             |             |                       |             |                      |

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Table of Contents

|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |                 |               |               |              |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|------------------------------------|--|-------------------------------|--|-------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|-----------------|-----------------------|---------------|----------------------|-----------------|---------------|---------------|--------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)     |  | Type of Investment                 |  | Interest Rate (19)            |  | Acquisition Date  |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |                 |  Fair Value |               | Percent of NetAssets |
|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Education Management Corporation (20)            |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Education Management II LLC                      |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Education                                        |  | First lien (2)                     |  | 13.00% (L + 7.50%/M) (41) |  | 1/5/2015  |  | 7/2/2020               |  | $                                                               | 300     |              |                 | $                     | 292      |                      |                 | $             | —  |              |   |            |
|                                                  |  | First lien (3)                     |  | 13.00% (L + 7.50%/M) (41) |  | 1/5/2015  |  | 7/2/2020               |  | 169                                                        |              |              | 165        |                       |               | —         |                 |               |               |
|                                                  |  | First lien (2)                     |  | 9.75% (L + 6.50%/Q) (41)  |  | 1/5/2015  |  | 7/2/2020               |  | 206                                                        |              |              | 200        |                       |               | —         |                 |               |               |
|                                                  |  | First lien (3)                     |  | 9.75% (L + 6.50%/Q) (41)  |  | 1/5/2015  |  | 7/2/2020               |  | 116                                                        |              |              | 113        |                       |               | —         |                 |               |               |
|                                                  |  | First lien (2)                     |  | 11.75% (P + 8.50%/M) (41) |  | 1/5/2015  |  | 7/2/2020               |  | 140                                                        |              |              | 116        |                       |               | —         |                 |               |               |
|                                                  |  | First lien (3)                     |  | 11.75% (P + 8.50%/M) (41) |  | 1/5/2015  |  | 7/2/2020               |  | 79                                                         |              |              | 65         |                       |               | —         |                 |               |               |
|                                                  |  | First lien (2)                     |  | 11.75% (P + 8.50%/M) (41) |  | 1/5/2015  |  | 7/2/2020               |  | 4                                                          |              |              | 3          |                       |               | —         |                 |               |               |
|                                                  |  | First lien (3)                     |  | 11.75% (P + 8.50%/M) (41) |  | 1/5/2015  |  | 7/2/2020               |  | 2                                                          |              |              | 2          |                       |               | —         |                 |               |               |
|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | 956     |                 |                       | —  |                      |                 | —  | %             |
| PPVA Fund, L.P.                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Business Services                                |  | Collateralized Financing (41)(42)  |  | —                       |  | 11/7/2014 |  | —                        |  | —                                                    |              |              | —    |                       |               | —         |                 |               | —  | %            |
| Total Funded Debt Investments - United States    |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | $            | 2,138,640  |                       |               | $                    | 2,093,764  |               |               | 153.10  | % |
| Funded Debt Investments - Netherlands            |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Tahoe Finco, LLC**                               |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Information Technology                           |  | First lien (2)(15)                 |  | 6.75% (L + 6.00%/Q)       |  | 10/1/2021 |  | 9/29/2028              |  | $                                                               | 35,000  |              |                 | $                     | 34,670   |                      |                 | $             | 34,650   |              |   |            |
|                                                  |  | First lien (8)(15)                 |  | 6.75% (L + 6.00%/Q)       |  | 10/1/2021 |  | 9/29/2028              |  | 24,189                                                     |              |              | 23,961     |                       |               | 23,947          |                 |               |               |
|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | 58,631  |                 |                       | 58,597   |                      |                 | 4.28     | %             |
| Total Funded Debt Investments - Netherlands      |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | $            | 58,631     |                       |               | $                    | 58,597     |               |               | 4.28    | % |
| Funded Debt Investments - Jersey                 |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Tennessee Bidco Limited **                       |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Business Services                                |  | First lien (3)(15)(16)             |  | 7.97% (SONIA + 7.00%/D)   |  | 8/6/2021  |  | 8/3/2028               |  | £                                                          | 12,879  |              |                 | $                     | 17,615   |                      |                 | $             | 16,667   |              |   |            |
|                                                  |  | First lien (3)(15)                 |  | 7.53% (L + 7.00%/S)       |  | 8/6/2021  |  | 8/3/2028               |  | $                                                               | 10,184  |              |                 | 10,041           |               |                      | 10,045     |               |               |              |
|                                                  |  | First lien (3)(15)(16)(18) - Drawn |  | 7.97% (SONIA + 7.00%/D)   |  | 8/6/2021  |  | 8/3/2028               |  | £                                                          | 4,992   |              |                 | 6,563            |               |                      | 6,423      |               |               |              |
|                                                  |  | First lien (3)(15)(18) - Drawn     |  | 7.36% (L + 7.00%/S)       |  | 8/6/2021  |  | 8/3/2028               |  | $                                                               | 3,983   |              |                 | 3,925            |               |                      | 3,928      |               |               |              |
|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | 38,144  |                 |                       | 37,063   |                      |                 | 2.71     | %             |
| Total Funded Debt Investments - Jersey           |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | $            | 38,144     |                       |               | $                    | 37,063     |               |               | 2.71    | % |
| Funded Debt Investments - United Kingdom         |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Aston FinCo S.a r.l. / Aston US Finco, LLC** |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
| Software                                         |  | Second lien (8)(15)                |  | 8.71% (L + 8.25%/M)       |  | 10/8/2019 |  | 10/8/2027              |  | $                                                               | 34,459  |              |                 | $                     | 34,249   |                      |                 | $             | 34,459   |              |   | 2.52  | % |
| Total Funded Debt Investments - United Kingdom   |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              | $            | 34,249     |                       |               | $                    | 34,459     |               |               | 2.52    | % |
|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |
|                                                  |  |                                    |  |                               |  |                   |  |                                |  |                                                                 |              |              |                 |                       |               |                      |

----

Table of Contents

|                                                      |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |                 |              |              |              |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------|--|---------------------------|--|-------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|-----------------|-----------------------|--------------|----------------------|-----------------|--------------|--------------|--------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)         |  | Type of Investment        |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |                 |  Fair Value |              | Percent of NetAssets |
|                                                      |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Funded Debt Investments - United Arab Emirates       |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| GEMS Menasa (Cayman) Limited**                       |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Education                                            |  | First lien (8)            |  | 6.00% (L + 5.00%/S) |  | 7/30/2019  |  | 7/31/2026              |  | $                                                               | 10,507  |              |                 | $                     | 10,472  |                      |                 | $            | 10,494  |              |            | 0.77  | % |
| Total Funded Debt Investments - United Arab Emirates |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              | $            | 10,472     |                       |              | $                    | 10,494     |              |              | 0.77    | %          |
| Total Funded Debt Investments                        |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              | $            | 2,280,136  |                       |              | $                    | 2,234,377  |              |              | 163.38  | %          |
| Equity - United States                               |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Dealer Tire Holdings, LLC (30)                       |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Distribution & Logistics                         |  | Preferred shares (3)(15)  |  | —                 |  | 9/13/2021  |  | —                        |  | 56,271                                                     |              |              | $               | 60,360           |              |                      | $               | 62,234  |              |              | 4.55  | %          |
| Symplr Software Intermediate Holdings, Inc. (31)     |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Healthcare Information Technology                    |  | Preferred shares (4)(15)  |  | —                 |  | 11/30/2018 |  | —                        |  | 7,500                                                      |              |              | 10,894     |                       |              | 11,006          |                 |              |              |
|                                                      |  | Preferred shares (3)(15)  |  | —                 |  | 11/30/2018 |  | —                        |  | 2,586                                                      |              |              | 3,756      |                       |              | 3,794           |                 |              |              |
|                                                      |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              | 14,650  |                 |                       | 14,800  |                      |                 | 1.08    | %            |
| ACI Parent Inc. (36)                                 |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Healthcare Services                                  |  | Preferred shares (3)(15)  |  | —                 |  | 8/2/2021   |  | —                        |  | 12,500                                                     |              |              | 13,375     |                       |              | 13,365          |                 |              | 0.98    | %            |
| Diamond Parent Holdings Corp. (35)                   |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Diligent Preferred Issuer, Inc.                      |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Software                                             |  | Preferred shares (3)(15)  |  | —                 |  | 4/6/2021   |  | —                        |  | 10,000                                                     |              |              | 10,937     |                       |              | 10,924          |                 |              | 0.80    | %            |
| Project Essential Super Parent, Inc. (34)            |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Software                                             |  | Preferred shares (3)(15)  |  | —                 |  | 4/20/2021  |  | —                        |  | 10,000                                                     |              |              | 10,879     |                       |              | 10,864          |                 |              | 0.79    | %            |
| OEC Holdco, LLC (22)                                 |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Business Services                                    |  | Preferred shares (12)(15) |  | —                 |  | 12/17/2021 |  | —                        |  | 7,214                                                      |              |              | 7,142      |                       |              | 7,142           |                 |              | 0.52    | %            |
| FS WhiteWater Holdings, LLC (38)                     |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Consumer Services                                    |  | Ordinary shares (5)(15)   |  | —                 |  | 12/20/2021 |  | —                        |  | 50,000                                                     |              |              | 5,000      |                       |              | 5,000           |                 |              | 0.37    | %            |
| HB Wealth Management, LLC (37)                       |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Financial Services                                   |  | Preferred shares (11)(15) |  | —                 |  | 9/30/2021  |  | —                        |  | 48,303                                                     |              |              | 4,818      |                       |              | 4,834           |                 |              | 0.35    | %            |
| Appriss Health Holdings, Inc. (23)                   |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Appriss Health Intermediate Holdings, Inc.           |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Healthcare Information Technology                    |  | Preferred shares (3)(15)  |  | —                 |  | 5/6/2021   |  | —                        |  | 2,333                                                      |              |              | 2,537      |                       |              | 2,534           |                 |              | 0.19    | %            |
| OA Topco, L.P. (40)                                  |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Healthcare Information Technology                    |  | Ordinary shares (3)(15)   |  | —                 |  | 12/20/2021 |  | —                        |  | 2,000,000                                                  |              |              | 2,000      |                       |              | 2,000           |                 |              | 0.15    | %            |
| Pioneer Topco I, L.P. (39)                           |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Software                                             |  | Ordinary shares (13)(15)  |  | —                 |  | 11/1/2021  |  | —                        |  | 199,980                                                    |              |              | 2,000      |                       |              | 2,000           |                 |              | 0.15    | %            |
| Ancora Acquisition LLC                               |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
| Education                                            |  | Preferred shares (9)(15)  |  | —                 |  | 8/12/2013  |  | —                        |  | 372                                                        |              |              | 83         |                       |              | 158             |                 |              | 0.01    | %            |
|                                                      |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |
|                                                      |  |                           |  |                         |  |                    |  |                                |  |                                                                 |              |              |                 |                       |              |                      |

----

Table of Contents

|                                                          |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |                 |               |               |              |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|----------------------------------|--|--------------------|--|-------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|------------|-----------------|-----------------------|---------------|----------------------|-----------------|---------------|---------------|--------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)             |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date  |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost |                 |  Fair Value |               | Percent of NetAssets |
|                                                          |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Education Management Corporation (20)                    |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Education                                                |  | Preferred shares (2)             |  | —            |  | 1/5/2015  |  | —                        |  | 3,331                                                      |              |            | $               | 200              |               |                      | $               | —  |               |              |            |
|                                                          |  | Preferred shares (3)             |  | —            |  | 1/5/2015  |  | —                        |  | 1,879                                                      |              |            | 113        |                       |               | —         |                 |               |               |
|                                                          |  | Ordinary shares (2)              |  | —            |  | 1/5/2015  |  | —                        |  | 2,994,065                                                  |              |            | 100        |                       |               | —         |                 |               |               |
|                                                          |  | Ordinary shares (3)              |  | —            |  | 1/5/2015  |  | —                        |  | 1,688,976                                                  |              |            | 56         |                       |               | —         |                 |               |               |
|                                                          |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              | 469   |                 |                       | —  |                      |                 | —  | %             |
| AAC Lender Holdings, LLC (33)                            |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Education                                                |  | Ordinary shares (3)(15)          |  | —            |  | 3/16/2021 |  | —                        |  | 758                                                        |              |            | —    |                       |               | —         |                 |               | —  | %            |
| Total Shares - United States                             |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              | $          | 134,250    |                       |               | $                    | 135,855    |               |               | 9.94    | %          |
| Equity - Hong Kong                                       |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Bach Special Limited (Bach Preference Limited)**         |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Education                                                |  | Preferred shares (3)(15)(29)     |  | —            |  | 9/1/2017  |  | —                        |  | 99,124                                                     |              |            | $               | 9,833            |               |                      | $               | 10,012   |               |              | 0.73  | %             |
| Total Shares - Hong Kong                                 |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              | $          | 9,833      |                       |               | $                    | 10,012     |               |               | 0.73    | %          |
| Total Shares                                             |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              | $          | 144,083    |                       |               | $                    | 145,867    |               |               | 10.67   | %          |
| Total Funded Investments                                 |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              | $          | 2,424,219  |                       |               | $                    | 2,380,244  |               |               | 174.05  | %          |
| Unfunded Debt Investments - United States                |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| NMC Crimson Holdings, Inc.                               |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Healthcare Services                                      |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 3/1/2021  |  | 3/1/2023               |  | $                                                               | 10,664  |            |                 | $                     | —  |                      |                 | $             | —  |              |            | —  | % |
| AAC Lender Holdings, LLC (33)                            |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| American Achievement Corporation (aka AAC Holding Corp.) |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Education                                                |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/25/2021 |  | 9/30/2026              |  | 2,652                                                      |              |            | —    |                       |               | —         |                 |               | —  | %            |
| DCA Investment Holding, LLC                              |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Healthcare Services                                      |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 3/12/2021 |  | 3/10/2023              |  | 3,286                                                      |              |            | —    |                       |               | —         |                 |               | —  | %            |
| Wealth Enhancement Group, LLC                            |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
| Financial Services                                       |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/13/2021 |  | 10/4/2027              |  | 892                                                        |              |            | (2)             |                       |               | —         |                 |               |               |
|                                                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/13/2021 |  | 6/3/2022               |  | 7,240                                                      |              |            | (18)            |                       |               | —         |                 |               |               |
|                                                          |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              | (20)       |                 |                       | —  |                      |                 | —  | %             |
|                                                          |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |
|                                                          |  |                                  |  |                    |  |                   |  |                                |  |                                                                 |              |            |                 |                       |               |                      |

----

Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |  |               |               |   |  |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-----------|------------|---------------|-----------------------|---------------|----------------------|--|---------------|---------------|---|--|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |           |  Cost |               |  Fair Value |               | Percent of NetAssets |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| AgKnowledge Holdings Company, Inc.           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Business Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/30/2018 |  | 7/21/2023              |  | $                                                               | 526  |            |               | $                     | (3)           |                      |  | $             | —  |   |  | —  | % |
| GS Acquisitionco, Inc.                       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/7/2019   |  | 5/22/2026              |  | 888                                                        |           |            | (5)           |                       |               | —         |  |               | —  | % |
| Coyote Buyer, LLC                            |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Specialty Chemicals & Materials          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 3/13/2020  |  | 2/6/2025               |  | 1,013                                                      |           |            | (5)           |                       |               | —         |  |               | —  | % |
| Kele Holdco, Inc.                            |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Distribution & Logistics                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/20/2020  |  | 2/20/2026              |  | 1,169                                                      |           |            | (6)           |                       |               | —         |  |               | —  | % |
| Pye-Barker Fire & Safety, LLC            |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Business Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/26/2021 |  | 11/26/2023             |  | 1,474                                                      |           |            | —  |                       |               | —         |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/26/2021 |  | 11/26/2024             |  | 905                                                        |           |            | (9)           |                       |               | —         |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (9)        |               |                       | —  |                      |  | —  | %             |
| Bullhorn, Inc.                               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/5/2021  |  | 11/8/2022              |  | 1,221                                                      |           |            | (3)           |                       |               | —         |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/24/2019  |  | 9/30/2026              |  | 852                                                        |           |            | (6)           |                       |               | —         |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (9)        |               |                       | —  |                      |  | —  | %             |
| Xactly Corporation                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/31/2017  |  | 7/31/2023              |  | 992                                                        |           |            | (10)          |                       |               | —         |  |               | —  | % |
| MRI Software LLC                             |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Software                                     |  | First lien (2)(15)(18) - Undrawn |  | —            |  | 3/24/2021  |  | 6/30/2022              |  | 1,879                                                      |           |            | —  |                       |               | —         |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/11/2022  |  | 8/16/2023              |  | 7,754                                                      |           |            | —  |                       |               | —         |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/31/2020  |  | 2/10/2026              |  | 2,002                                                      |           |            | (10)          |                       |               | —         |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (10)       |               |                       | —  |                      |  | —  | %             |
| Diamond Parent Holdings Corp. (35)           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Diligent Corporation                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 3/30/2021  |  | 8/4/2025               |  | 3,624                                                      |           |            | (18)          |                       |               | —         |  |               | —  | % |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |               |                      |

----

Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |  |               |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-------------|------------|---------------|-----------------------|---------------|----------------------|--|---------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |             |  Cost |               |  Fair Value |               | Percent of NetAssets |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| YLG Holdings, Inc.                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Business Services                            |  | First lien (5)(15)(18) - Undrawn |  | —            |  | 10/22/2021 |  | 10/22/2023             |  | $                                                               | 2,078  |            |               | $                     | —  |                      |  | $             | —  |   |  |  |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/1/2019  |  | 10/31/2025             |  | 3,968                                                      |             |            | (20)          |                       |               | —         |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (20)       |               |                       | —  |                      |  | —  | %             |
| Bluefin Holding, LLC                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/6/2019   |  | 9/6/2024               |  | 1,515                                                      |             |            | (23)          |                       |               | —         |  |               | —  | % |
| Apptio, Inc.                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/10/2019  |  | 1/10/2025              |  | 1,239                                                      |             |            | (25)          |                       |               | —         |  |               | —  | % |
| GC Waves Holdings, Inc.                      |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Financial Services                           |  | First lien (2)(15)(18) - Undrawn |  | —            |  | 8/13/2021  |  | 8/11/2023              |  | 4,319                                                      |             |            | —  |                       |               | —         |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/31/2019 |  | 8/13/2026              |  | 3,951                                                      |             |            | (30)          |                       |               | —         |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (30)       |               |                       | —  |                      |  | —  | %             |
| Kaseya Inc.                                  |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/8/2021   |  | 9/8/2023               |  | 1,762                                                      |             |            | (15)          |                       |               | —         |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 5/9/2019   |  | 5/2/2025               |  | 2,312                                                      |             |            | (23)          |                       |               | —         |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (38)       |               |                       | —  |                      |  | —  | %             |
| CG Group Holdings, LLC                       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Specialty Chemicals & Materials          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/19/2021  |  | 7/19/2026              |  | 226                                                        |             |            | (3)           |                       |               | (3)                  |  |               | (0.00) %      |
| KPSKY Acquisition Inc.                       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Industrial Services                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/19/2021 |  | 10/19/2023             |  | 403                                                        |             |            | —  |                       |               | (4)                  |  |               | (0.00) %      |
| Appriss Health Holdings, Inc. (23)           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Appriss Health, LLC                          |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Healthcare Information Technology            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 5/6/2021   |  | 5/6/2027               |  | 417                                                        |             |            | (4)           |                       |               | (4)                  |  |               | (0.00) %      |
| Safety Borrower Holdings LLC                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Information Services                         |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/1/2021   |  | 9/1/2027               |  | 384                                                        |             |            | (2)           |                       |               | (2)                  |  |               |               |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/1/2021   |  | 9/1/2022               |  | 1,279                                                      |             |            | —  |                       |               | (6)                  |  |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (2)        |               |                       | (8)           |                      |  | (0.00) %      |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |  |          |          |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-----------|------------|---------------|-----------------------|------|----------------------|--|----------|----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |           |  Cost |               |  Fair Value |      | Percent of NetAssets |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| USRP Holdings, Inc.                          |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Federal Services                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/22/2021  |  | 7/23/2027              |  | $                                                               | 878  |            |               | $                     | (9)  |                      |  | $        | (9)      |  |  | (0.00) % |
| Calabrio, Inc.                               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 4/16/2021  |  | 4/16/2027              |  | 1,487                                                      |           |            | (11)          |                       |      | (10)                 |  |          | (0.00) % |
| Community Brands ParentCo, LLC               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/24/2022  |  | 2/24/2028              |  | 425                                                        |           |            | (4)           |                       |      | (4)                  |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/24/2022  |  | 2/26/2024              |  | 849                                                        |           |            | —  |                       |      | (8)                  |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (4)        |               |                       | (12) |                      |  | (0.00) % |
| Recorded Future, Inc.                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/26/2019  |  | 7/3/2025               |  | 2,981                                                      |           |            | (20)          |                       |      | (15)                 |  |          | (0.00) % |
| Notorious Topco, LLC                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Consumer Products                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/23/2021 |  | 5/24/2027              |  | 645                                                        |           |            | (5)           |                       |      | (5)                  |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/23/2021 |  | 11/23/2023             |  | 1,467                                                      |           |            | —  |                       |      | (11)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (5)        |               |                       | (16) |                      |  | (0.00) % |
| Trinity Air Consultants Holdings Corporation |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Business Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/30/2021  |  | 6/29/2027              |  | 1,501                                                      |           |            | (15)          |                       |      | (5)                  |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/30/2021  |  | 6/29/2023              |  | 3,377                                                      |           |            | —  |                       |      | (12)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (15)       |               |                       | (17) |                      |  | (0.00) % |
| Associations, Inc.                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Consumer Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/2/2021   |  | 7/2/2027               |  | 3,543                                                      |           |            | (18)          |                       |      | (18)                 |  |          | (0.00) % |
| Specialtycare, Inc.                          |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Healthcare Services                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/18/2021  |  | 6/18/2026              |  | 559                                                        |           |            | (8)           |                       |      | (7)                  |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/18/2021  |  | 6/18/2023              |  | 946                                                        |           |            | (3)           |                       |      | (11)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (11)       |               |                       | (18) |                      |  | (0.00) % |
| Granicus, Inc.                               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/27/2021  |  | 1/29/2027              |  | 2,414                                                      |           |            | (18)          |                       |      | —         |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 4/23/2021  |  | 4/21/2023              |  | 1,822                                                      |           |            | —  |                       |      | (18)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           | (18)       |               |                       | (18) |                      |  | (0.00) % |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |           |            |               |                       |      |                      |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |  |          |          |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-------------|------------|---------------|-----------------------|------|----------------------|--|----------|----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |             |  Cost |               |  Fair Value |      | Percent of NetAssets |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| IG Investments Holdings, LLC                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Business Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/22/2021  |  | 9/22/2027              |  | $                                                               | 1,838  |            |               | $                     | (18) |                      |  | $        | (18)     |  |  | (0.00) % |
| Sun Acquirer Corp.                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Consumer Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/8/2021   |  | 9/8/2027               |  | 559                                                        |             |            | (5)           |                       |      | (6)                  |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/8/2021   |  | 9/8/2023               |  | 1,378                                                      |             |            | (10)          |                       |      | (14)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (15)       |               |                       | (20) |                      |  | (0.00) % |
| Infogain Corporation                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/30/2021  |  | 7/30/2026              |  | 3,062                                                      |             |            | (23)          |                       |      | (23)                 |  |          | (0.00) % |
| Daxko Acquisition Corporation                |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/15/2027             |  | 986                                                        |             |            | (10)          |                       |      | (10)                 |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/16/2023             |  | 1,343                                                      |             |            | —  |                       |      | (13)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (10)       |               |                       | (23) |                      |  | (0.00) % |
| Pioneer Topco I, L.P. (39)                   |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Pioneer Buyer I, LLC                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/1/2021  |  | 11/1/2027              |  | 2,446                                                      |             |            | (24)          |                       |      | (24)                 |  |          | (0.00) % |
| Galway Borrower LLC                          |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Insurance Services                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/30/2021  |  | 9/30/2027              |  | 984                                                        |             |            | (10)          |                       |      | (10)                 |  |          |          |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/30/2021  |  | 9/29/2023              |  | 1,879                                                      |             |            | —  |                       |      | (19)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (10)       |               |                       | (29) |                      |  | (0.00) % |
| OA Topco, L.P.  (40)                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| OA Buyer, Inc.                               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Healthcare Information Technology            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/20/2021 |  | 12/20/2028             |  | 3,600                                                      |             |            | (36)          |                       |      | (36)                 |  |          | (0.00) % |
| FS WhiteWater Holdings, LLC (38)             |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| FS WhiteWater Borrower, LLC                  |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
| Consumer Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/20/2021 |  | 12/21/2027             |  | 1,043                                                      |             |            | (10)          |                       |      | (10)                 |  |          |          |
|                                              |  | First lien (5)(15)(18) - Undrawn |  | —            |  | 12/20/2021 |  | 12/21/2023             |  | 3,500                                                      |             |            | —  |                       |      | (35)                 |  |          |          |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (10)       |               |                       | (45) |                      |  | (0.00) % |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |      |                      |

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Table of Contents

|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |         |          |      |        |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-------------|------------|---------------|-----------------------|---------------|----------------------|---------|----------|------|--------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)    |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |             |  Cost |               |  Fair Value |               | Percent of NetAssets |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| TigerConnect, Inc.                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Healthcare Services                             |  | First lien (2)(15)(18) - Undrawn |  | —            |  | 2/16/2022  |  | 2/16/2023              |  | $                                                               | 1,232  |            |               | $                     | —  |                      |         | $        | (12) |        |   |  |
|                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/16/2022  |  | 2/16/2028              |  | 4,267                                                      |             |            | (43)          |                       |               | (43)                 |         |          |      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (43)       |               |                       | (55)          |                      |         | (0.00) % |
| AmeriVet Partners Management, Inc.              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Consumer Services                               |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/25/2022  |  | 2/25/2028              |  | 1,969                                                      |             |            | (10)          |                       |               | (10)                 |         |          |      |
|                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 2/25/2022  |  | 2/25/2024              |  | 15,755                                                     |             |            | —  |                       |               | (79)                 |         |          |      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (10)       |               |                       | (89)          |                      |         | (0.01)   | %    |
| ACI Parent Inc.  (36)                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| ACI Group Holdings, Inc.                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Healthcare Services                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/2/2021   |  | 8/2/2027               |  | 2,354                                                      |             |            | (24)          |                       |               | (24)                 |         |          |      |
|                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/2/2021   |  | 8/2/2023               |  | 8,180                                                      |             |            | —  |                       |               | (82)                 |         |          |      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (24)       |               |                       | (106)         |                      |         | (0.01)   | %    |
| Fortis Solutions Group, LLC                     |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Packaging                                       |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/15/2027             |  | 2,861                                                      |             |            | (29)          |                       |               | (29)                 |         |          |      |
|                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/13/2023             |  | 8,343                                                      |             |            | —  |                       |               | (83)                 |         |          |      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (29)       |               |                       | (112)         |                      |         | (0.01)   | %    |
| Deca Dental Holdings LLC                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Healthcare Services                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/26/2021  |  | 8/26/2027              |  | 3,027                                                      |             |            | (30)          |                       |               | (30)                 |         |          |      |
|                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/26/2021  |  | 8/28/2023              |  | 9,080                                                      |             |            | —  |                       |               | (91)                 |         |          |      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (30)       |               |                       | (121)         |                      |         | (0.01)   | %    |
| Paw Midco, Inc.                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| AAH Topco, LLC                                  |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
| Consumer Services                               |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/22/2021 |  | 12/22/2027             |  | 3,659                                                      |             |            | (37)          |                       |               | (37)                 |         |          |      |
|                                                 |  | First lien (4)(15)(18) - Undrawn |  | —            |  | 1/13/2022  |  | 12/22/2023             |  | 8,247                                                      |             |            | —  |                       |               | (82)                 |         |          |      |
|                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/22/2021 |  | 12/22/2023             |  | 25,420                                                     |             |            | —  |                       |               | (254)                |         |          |      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | (37)       |               |                       | (373)         |                      |         | (0.03)   | %    |
| Total Unfunded Debt Investments - United States |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $          | (670)         |                       |               | $                    | (1,226) |          |      | (0.07) | % |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |            |               |                       |               |                      |

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Table of Contents

|                                                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |                 |               |               |              |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--|--------------------------------------|--|-------------------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|---------------|-----------------|-----------------------|---------------|----------------------|-----------------|---------------|---------------|--------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)        |  | Type of Investment                   |  | Interest Rate (19)                  |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost    |                 |  Fair Value |               | Percent of NetAssets |
|                                                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Unfunded Debt Investments - Jersey                  |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Tennessee Bidco Limited **                          |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Business Services                                   |  | First lien (3)(15)(16)(18) - Undrawn |  | —                             |  | 8/6/2021   |  | 7/9/2023               |  | £                                                          | 8,091   |               |                 | $                     | —  |                      |                 | $             | (121)         |              |            | (0.01)     | % |
| Total Unfunded Debt Investments - Jersey            |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | —    |                       |               | $                    | (121)           |               |               | (0.01)       | %          |
| Unfunded Debt Investments - Netherlands             |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Tahoe Finco, LLC**                                  |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Information Technology                              |  | First lien (3)(15)(18) - Undrawn     |  | —                             |  | 10/1/2021  |  | 10/1/2027              |  | $                                                               | 4,439   |               |                 | $                     | (44)          |                      |                 | $             | (44)          |              |            | (0.00) %   |
| Total Unfunded Debt Investments - Netherlands       |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | (44)            |                       |               | $                    | (44)            |               |               | (0.00) %     |
| Total Unfunded Debt Investments                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | (714)           |                       |               | $                    | (1,391)         |               |               | (0.08)       | %          |
| Total Non-Controlled/Non-Affiliated Investments |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | 2,423,505  |                       |               | $                    | 2,378,853  |               |               | 173.97  | %          |
| Non-Controlled/Affiliated Investments (43)      |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Funded Debt Investments - United States             |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| TVG-Edmentum Holdings, LLC (24)                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Edmentum Ultimate Holdings, LLC                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Education                                           |  | Subordinated (3)(15)                 |  | 13.00% (6.50% + 6.50%/PIK)*     |  | 12/11/2020 |  | 1/26/2027              |  | $                                                               | 15,684  |               |                 | $                     | 15,558   |                      |                 | $             | 15,684   |              |            | 1.15  | % |
| Sierra Hamilton Holdings Corporation                |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Energy                                              |  | Second lien (3)(15)                  |  | 15.00% PIK/Q(41)*               |  | 9/12/2019  |  | 9/12/2023              |  | 5                                                          |              |               | 5          |                       |               | —         |                 |               | —  | %            |
| Permian Holdco 3, Inc.                              |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Permian Trust                                       |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Energy                                              |  | First lien (10)(15)                  |  | 10.00% PIK/Q (41)*              |  | 3/30/2021  |  | —                        |  | 247                                                        |              |               | —    |                       |               | —         |                 |               |               |
|                                                     |  | First lien (3)(15)                   |  | 11.00% (L + 10.00% PIK/M) (41)* |  | 7/23/2020  |  | —                        |  | 3,409                                                      |              |               | —    |                       |               | —         |                 |               |               |
|                                                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | —  |                 |                       | —  |                      |                 | —  | %             |
| Total Funded Debt Investments - United States       |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | 15,563     |                       |               | $                    | 15,684     |               |               | 1.15    | %          |
| Equity - United States                              |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| TVG-Edmentum Holdings, LLC (24)                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Education                                           |  | Ordinary shares (3)(15)              |  | —                             |  | 12/11/2020 |  | —                        |  | 48,899                                                     |              |               | $               | 53,693           |               |                      | $               | 127,088  |               |              | 9.29  | %          |
| Sierra Hamilton Holdings Corporation                |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
| Energy                                              |  | Ordinary shares (2)(15)              |  | —                             |  | 7/31/2017  |  | —                        |  | 25,000,000                                                 |              |               | 11,501     |                       |               | 3,599           |                 |               |               |
|                                                     |  | Ordinary shares (3)(15)              |  | —                             |  | 7/31/2017  |  | —                        |  | 2,786,000                                                  |              |               | 1,282      |                       |               | 401             |                 |               |               |
|                                                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | 12,783   |                 |                       | 4,000    |                      |                 | 0.29     | %             |
| Total Shares - United States                        |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | 66,476     |                       |               | $                    | 131,088    |               |               | 9.58    | %          |
| Total Non-Controlled/Affiliated Investments     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              | $             | 82,039     |                       |               | $                    | 146,772    |               |               | 10.73   | %          |
|                                                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |
|                                                     |  |                                      |  |                                     |  |                    |  |                                |  |                                                                 |              |               |                 |                       |               |                      |

----

Table of Contents

|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |               |            |              |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|--------------------------------|--|---------------------------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--------------|--------------|---------------|-----------------------|--------------|----------------------|---------------|------------|--------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)  |  | Type of Investment             |  | Interest Rate (19)                    |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |              |  Cost   |               |  Fair Value |              | Percent of NetAssets |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Controlled Investments (44)                   |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Funded Debt Investments - United States       |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| New Benevis Topco, LLC (32)                   |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| New Benevis Holdco, Inc.                      |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Healthcare Services                           |  | First lien (2)(15)             |  | 10.51% (L + 2.50% + 7.00% PIK/Q)* |  | 10/6/2020  |  | 4/7/2025               |  | $                                                               | 33,713  |              |               | $                     | 33,713  |                      |               | $          | 33,713  |             |   |  |
|                                               |  | First lien (8)(15)             |  | 10.51% (L + 2.50% + 7.00% PIK/Q)* |  | 10/6/2020  |  | 4/7/2025               |  | 8,271                                                      |              |              | 8,271    |                       |              | 8,271           |               |            |              |
|                                               |  | First lien (3)(15)             |  | 10.51% (L + 2.50% + 7.00% PIK/Q)* |  | 10/6/2020  |  | 4/7/2025               |  | 4,061                                                      |              |              | 4,061    |                       |              | 4,061           |               |            |              |
|                                               |  | Subordinated (3)(15)           |  | 12.00% PIK/M*                     |  | 10/6/2020  |  | 10/6/2025              |  | 17,058                                                     |              |              | 14,865   |                       |              | 14,089          |               |            |              |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              | 60,910  |               |                       | 60,134  |                      |               | 4.40  | %            |
| Haven Midstream Holdings LLC (21)             |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Haven Midstream LLC                           |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Specialty Chemicals & Materials           |  | First lien (3)(15)             |  | 14.00% PIK/Q*                     |  | 12/17/2021 |  | 10/30/2026             |  | 32,730                                                     |              |              | 19,928   |                       |              | 23,921          |               |            |              |
|                                               |  | First lien (3)(15)             |  | 10.50% (L + 8.50%/Q)              |  | 12/17/2021 |  | 10/30/2026             |  | 16,000                                                     |              |              | 16,000   |                       |              | 16,000          |               |            |              |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              | 35,928  |               |                       | 39,921  |                      |               | 2.92  | %            |
| UniTek Global Services, Inc.                  |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Business Services                             |  | First lien (2)(15)             |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024              |  | 12,675                                                     |              |              | 12,675   |                       |              | 12,675          |               |            |              |
|                                               |  | First lien (3)(15)             |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 3/16/2020  |  | 8/20/2024              |  | 9,384                                                      |              |              | 8,709    |                       |              | 9,384           |               |            |              |
|                                               |  | First lien (2)(15)             |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024              |  | 2,535                                                      |              |              | 2,535    |                       |              | 2,535           |               |            |              |
|                                               |  | First lien (3)(15)             |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024              |  | 1,359                                                      |              |              | 1,225    |                       |              | 1,359           |               |            |              |
|                                               |  | Second lien (3)(15)            |  | 15.00% PIK/Q*                     |  | 12/16/2020 |  | 2/20/2025              |  | 10,344                                                     |              |              | 10,344   |                       |              | 10,344          |               |            |              |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              | 35,488  |               |                       | 36,297  |                      |               | 2.65  | %            |
| New Permian Holdco, Inc.                      |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| New Permian Holdco, L.L.C.                    |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Energy                                        |  | First lien (3)(15)             |  | 18.00% PIK/M*                     |  | 10/30/2020 |  | 12/31/2024             |  | 19,036                                                     |              |              | 19,036   |                       |              | 19,036          |               |            |              |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 10.00% (L + 9.00% PIK/M)*         |  | 10/30/2020 |  | 12/31/2024             |  | 5,690                                                      |              |              | 5,690    |                       |              | 5,690           |               |            |              |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              | 24,726  |               |                       | 24,726  |                      |               | 1.81  | %            |
| NHME Holdings Corp. (28)                      |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| National HME, Inc.                            |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
| Healthcare Services                           |  | Second lien (3)(15)            |  | 12.00% PIK/Q*                     |  | 11/27/2018 |  | 5/27/2024              |  | 21,647                                                     |              |              | 19,638   |                       |              | 2,290           |               |            |              |
|                                               |  | Second lien (3)(15)            |  | 12.00% PIK/Q*                     |  | 11/27/2018 |  | 5/27/2024              |  | 15,602                                                     |              |              | 15,123   |                       |              | 11,215          |               |            |              |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              | 34,761  |               |                       | 13,505  |                      |               | 0.99  | %            |
| Total Funded Debt Investments - United States |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              | $            | 191,813  |                       |              | $                    | 174,583  |            |              | 12.77  | % |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |
|                                               |  |                                |  |                                       |  |                    |  |                                |  |                                                                 |              |              |               |                       |              |                      |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |   |               |            |   |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|--|--------------|---------------|-----------------------|--------------|----------------------|---|---------------|------------|---|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |  |  Cost   |               |  Fair Value |              | Percent of NetAssets |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Equity - United States                       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| NMFC Senior Loan Program III LLC**           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Investment Fund                              |  | Membership interest (3)(15)      |  | —            |  | 5/4/2018   |  | —                        |  | —                                                    |  |              | $             | 140,000          |              |                      | $ | 140,000  |            |   | 10.24  | % |
| NMFC Senior Loan Program IV LLC**            |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Investment Fund                              |  | Membership interest (3)(15)      |  | —            |  | 5/5/2021   |  | —                        |  | —                                                    |  |              | 112,400  |                       |              | 112,400         |   |               | 8.22  | % |
| NM NL Holdings, L.P.**                       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Net Lease                                    |  | Membership interest (7)(15)      |  | —            |  | 6/20/2018  |  | —                        |  | —                                                    |  |              | 87,228   |                       |              | 109,777         |   |               | 8.03  | % |
| New Benevis Topco, LLC (32)                  |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Healthcare Services                          |  | Ordinary shares (2)(15)          |  | —            |  | 10/6/2020  |  | —                        |  | 269,027                                                    |  |              | 27,154   |                       |              | 34,363          |   |               |            |
|                                              |  | Ordinary shares (8)(15)          |  | —            |  | 10/6/2020  |  | —                        |  | 66,007                                                     |  |              | 6,662    |                       |              | 8,431           |   |               |            |
|                                              |  | Ordinary shares (3)(15)          |  | —            |  | 10/6/2020  |  | —                        |  | 60,068                                                     |  |              | 6,105    |                       |              | 7,673           |   |               |            |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  | 39,921  |               |                       | 50,467  |                      |   | 3.69     | %          |
| NM CLFX LP                                   |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Net Lease                                    |  | Membership interest (7)(15)      |  | —            |  | 10/6/2017  |  | —                        |  | —                                                    |  |              | 12,538   |                       |              | 23,247          |   |               | 1.70  | % |
| UniTek Global Services, Inc.                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Business Services                            |  | Preferred shares (3)(15)(27)     |  | —            |  | 8/17/2018  |  | —                        |  | 13,332,567                                                 |  |              | 13,333   |                       |              | 11,795          |   |               |            |
|                                              |  | Preferred shares (3)(15)(27)     |  | —            |  | 8/29/2019  |  | —                        |  | 7,924,170                                                  |  |              | 7,924    |                       |              | 7,580           |   |               |            |
|                                              |  | Preferred shares (3)(15)(26)(41) |  | —            |  | 6/30/2017  |  | —                        |  | 19,795,435                                                 |  |              | 19,795   |                       |              | 3,632           |   |               |            |
|                                              |  | Preferred shares (2)(15)(25)(41) |  | —            |  | 1/13/2015  |  | —                        |  | 29,326,545                                                 |  |              | 26,946   |                       |              | —         |   |               |            |
|                                              |  | Preferred shares (3)(15)(25)(41) |  | —            |  | 1/13/2015  |  | —                        |  | 8,104,462                                                  |  |              | 7,447    |                       |              | —         |   |               |            |
|                                              |  | Ordinary shares (2)(15)          |  | —            |  | 1/13/2015  |  | —                        |  | 2,096,477                                                  |  |              | 1,925    |                       |              | —         |   |               |            |
|                                              |  | Ordinary shares (3)(15)          |  | —            |  | 1/13/2015  |  | —                        |  | 1,993,749                                                  |  |              | 532      |                       |              | —         |   |               |            |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  | 77,902  |               |                       | 23,007  |                      |   | 1.68     | %          |
| NM APP US LLC                                |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Net Lease                                    |  | Membership interest (7)(15)      |  | —            |  | 9/13/2016  |  | —                        |  | —                                                    |  |              | 5,080    |                       |              | 17,872          |   |               | 1.31  | % |
| NM GLCR LP                                   |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Net Lease                                    |  | Membership interest (7)(15)      |  | —            |  | 2/1/2018   |  | —                        |  | —                                                    |  |              | —  |                       |              | 16,852          |   |               | 1.23  | % |
| New Permian Holdco, Inc.                     |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Energy                                       |  | Ordinary shares (3)(15)          |  | —            |  | 10/30/2020 |  | —                        |  | 100                                                        |  |              | 11,155   |                       |              | 11,000          |   |               | 0.80  | % |
| NM DRVT LLC                                  |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
| Net Lease                                    |  | Membership interest (7)(15)      |  | —            |  | 11/18/2016 |  | —                        |  | —                                                    |  |              | 5,152    |                       |              | 9,023           |   |               | 0.66  | % |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |  |              |               |                       |              |                      |

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Table of Contents

|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |                 |               |               |               |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|-----------------------------------------------------------------|-------------|---------------|-----------------|-----------------------|---------------|----------------------|-----------------|---------------|---------------|---------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)    |  | Type of Investment               |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares (17) |             |  Cost    |                 |  Fair Value |               | Percent of NetAssets |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| NM YI, LLC                                      |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Net Lease                                       |  | Membership interest (7)(15)      |  | —            |  | 9/30/2019  |  | —                        |  | —                                                    |             |               | $               | 6,272            |               |                      | $               | 8,381    |               |               | 0.61  | %             |
| NM JRA LLC                                      |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Net Lease                                       |  | Membership interest (7)(15)      |  | —            |  | 8/12/2016  |  | —                        |  | —                                                    |             |               | 2,043      |                       |               | 4,223           |                 |               | 0.31     | %             |
| NM GP Holdco, LLC**                             |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Net Lease                                       |  | Membership interest (7)(15)      |  | —            |  | 6/20/2018  |  | —                        |  | —                                                    |             |               | 998        |                       |               | 1,214           |                 |               | 0.09     | %             |
| NM KRLN LLC                                     |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Net Lease                                       |  | Membership interest (7)(15)      |  | —            |  | 11/15/2016 |  | —                        |  | —                                                    |             |               | 9,318      |                       |               | 60              |                 |               | 0.00 %        |
| NHME Holdings Corp.(28)                         |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Healthcare Services                             |  | Ordinary shares (3)(15)          |  | —            |  | 11/27/2018 |  | —                        |  | 640,000                                                    |             |               | 4,000      |                       |               | —         |                 |               | —  | %             |
| QID TRH Holdings LLC (21)                       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Haven Midstream Holdings LLC                    |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Specialty Chemicals & Materials             |  | Ordinary shares (14)(15)         |  | —            |  | 10/1/2021  |  | —                        |  | 80                                                         |             |               | —    |                       |               | —         |                 |               |               |
|                                                 |  | Profit Interest (6)(15)          |  | —            |  | 10/1/2021  |  | —                        |  | 5                                                          |             |               | —    |                       |               | —         |                 |               |               |
|                                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | —  |                 |                       | —  |                      |                 | —  | %             |
| Total Shares - United States                    |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 514,007    |                       |               | $                    | 527,523    |               |               | 38.57    | %          |
| Equity - Canada                                 |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| NM APP Canada Corp.**                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Net Lease                                       |  | Membership interest (7)(15)      |  | —            |  | 9/13/2016  |  | —                        |  | —                                                    |             |               | 7,345      |                       |               | 10,002          |                 |               | 0.73     | %             |
| Total Shares - Canada                           |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 7,345      |                       |               | $                    | 10,002     |               |               | 0.73     | %          |
| Total Shares                                    |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 521,352    |                       |               | $                    | 537,525    |               |               | 39.30    | %          |
| Warrants - United States                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| UniTek Global Services, Inc.                    |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Business Services                               |  | Warrants (3)(15)                 |  | —            |  | 12/16/2020 |  | 2/20/2025              |  | 8,523                                                      |             |               | $               | —          |               |                      | $               | 19,232   |               |               | 1.41  | %             |
| NHME Holdings Corp. (28)                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Healthcare Services                             |  | Warrants (3)(15)                 |  | —            |  | 11/27/2018 |  | —                        |  | 160,000                                                    |             |               | 1,000      |                       |               | —         |                 |               | —  | %             |
| Total Warrants - United States                  |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 1,000      |                       |               | $                    | 19,232     |               |               | 1.41     | %          |
| Total Funded Investments                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 714,165    |                       |               | $                    | 731,340    |               |               | 53.48    | %          |
| Unfunded Debt Investments - United States       |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| New Permian Holdco, Inc.                        |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| New Permian Holdco, L.L.C.                      |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Energy                                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/30/2020 |  | 12/31/2024             |  | $                                                               | 4,977  |               |                 | $                     | —  |                      |                 | $             | —  |               |            | —  | % |
| Haven Midstream Holdings LLC (21)               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Haven Midstream LLC                             |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             |               |                 |                       |               |                      |
| Specialty Chemicals & Materials             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/17/2021 |  | 10/30/2026             |  | 8,000                                                      |             |               | —    |                       |               | —         |                 |               | —  | %             |
| Total Unfunded Debt Investments - United States |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | —    |                       |               | $                    | —    |               |               | —  | %          |
| Total Controlled Investments                    |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 714,165    |                       |               | $                    | 731,340    |               |               | 53.48    | %          |
| Total Investments                               |  |                                  |  |                    |  |                    |  |                                |  |                                                                 |             | $             | 3,219,709  |                       |               | $                    | 3,256,965  |               |               | 238.18   | %          |

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|                                                                  |  |                                 |               |                   |               |                     |               |                          |  |                                               |               |                              |  |                |               |                |               |             |               |               |  |   |               |  |  |               |               |  |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|---------------------------------|---------------|-------------------|---------------|---------------------|---------------|--------------------------|--|-----------------------------------------------|---------------|------------------------------|--|----------------|---------------|----------------|---------------|-------------|---------------|---------------|--|---|---------------|--|--|---------------|---------------|--|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                           |  | Fair Value at December 31, 2021 |               | GrossAdditions(A) |               | GrossRedemptions(B) |               | NetRealizedGains(Losses) |  | Net Change InUnrealizedAppreciation |               | Fair Value at March 31, 2022 |  | InterestIncome |               | DividendIncome |               | OtherIncome |
| Permian Holdco 3, Inc. / Permian Trust                       |  | $                               | —  |                   |               | $                   | —  |                          |  | $                                             | —  |                              |  | $              | —  |                |               | $           | —  |               |  | $ | —  |  |  | $             | —  |  |  | $ | —  |  |  | $ | —  |  |
| Sierra Hamilton Holdings Corporation                             |  | 4,000                      |               |                   | —  |                     |               | —             |  |                                               | —  |                              |  | —   |               |                | 4,000    |             |               | —  |  |   | —  |  |  | —  |               |
| TVG-Edmentum Holdings, LLC / Edmentum Ultimate Holdings, LLC |  | 130,775                    |               |                   | 1,238    |                     |               | —             |  |                                               | —  |                              |  | 10,759    |               |                | 142,772  |             |               | 506      |  |   | 982      |  |  | 63       |               |
| Total Non-Controlled/Affiliated Investments                  |  | $                               | 134,775  |                   |               | $                   | 1,238    |                          |  | $                                             | —  |                              |  | $              | —  |                |               | $           | 10,759   |               |  | $ | 146,772  |  |  | $             | 506      |  |  | $ | 982      |  |  | $ | 63       |  |

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|                                                                                    |  |                                 |               |                   |               |                     |             |                        |  |                                                             |               |                              |  |                |               |                |               |             |          |               |  |   |               |  |  |               |             |  |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--|---------------------------------|---------------|-------------------|---------------|---------------------|-------------|------------------------|--|-------------------------------------------------------------|---------------|------------------------------|--|----------------|---------------|----------------|---------------|-------------|----------|---------------|--|---|---------------|--|--|---------------|-------------|--|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                             |  | Fair Value at December 31, 2021 |               | GrossAdditions(A) |               | GrossRedemptions(B) |             | Net RealizedGains |  | Net Change InUnrealizedAppreciation(Depreciation) |               | Fair Value at March 31, 2022 |  | InterestIncome |               | DividendIncome |               | OtherIncome |
| National HME, Inc./NHME Holdings Corp.                                         |  | $                               | 27,347   |                   |               | $                   | 1,324  |                        |  | $                                                           | —  |                              |  | $              | —  |                |               | $           | (15,166) |               |  | $ | 13,505   |  |  | $             | 1,324  |  |  | $ | —  |  |  | $ | —  |  |
| New Benevis Topco, LLC / New Benevis Holdco, Inc.                              |  | 109,595                    |               |                   | 1,408    |                     |             | —           |  |                                                             | —  |                              |  | (402)          |               |                | 110,601  |             |          | 1,804    |  |   | —  |  |  | 375      |             |
| New Permian Holdco, Inc. / New Permian Holdco, L.L.C.                          |  | 34,759                     |               |                   | 967      |                     |             | —           |  |                                                             | —  |                              |  | —   |               |                | 35,726   |             |          | 974      |  |   | —  |  |  | 131      |             |
| NM APP CANADA CORP                                                                 |  | 9,422                      |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | 580       |               |                | 10,002   |             |          | —  |  |   | 240      |  |  | —  |             |
| NM APP US LLC                                                                      |  | 14,891                     |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | 2,981     |               |                | 17,872   |             |          | —  |  |   | 128      |  |  | —  |             |
| NM CLFX LP                                                                         |  | 24,676                     |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | (1,429)        |               |                | 23,247   |             |          | —  |  |   | 392      |  |  | —  |             |
| NM DRVT LLC                                                                        |  | 7,984                      |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | 1,039     |               |                | 9,023    |             |          | —  |  |   | 129      |  |  | —  |             |
| NM JRA LLC                                                                         |  | 3,996                      |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | 227       |               |                | 4,223    |             |          | —  |  |   | 32       |  |  | —  |             |
| NM GLCR LP                                                                         |  | 50,687                     |               |                   | —  |                     |             | (14,750)               |  |                                                             | 19,242   |                              |  | (19,085)       |               |                | 16,852   |             |          | —  |  |   | 295      |  |  | 1,709    |             |
| NM KRLN LLC                                                                        |  | 244                        |               |                   | 97       |                     |             | —           |  |                                                             | —  |                              |  | (281)          |               |                | 60       |             |          | —  |  |   | —  |  |  | —  |             |
| NM NL Holdings, L.P.                                                               |  | 107,870                    |               |                   | 24       |                     |             | —           |  |                                                             | —  |                              |  | 1,883     |               |                | 109,777  |             |          | —  |  |   | 2,210    |  |  | —  |             |
| NM GP Holdco, LLC                                                                  |  | 1,197                      |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | 17        |               |                | 1,214    |             |          | —  |  |   | —  |  |  | —  |             |
| NM YI LLC                                                                          |  | 8,286                      |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | 95        |               |                | 8,381    |             |          | —  |  |   | 209      |  |  | —  |             |
| NMFC Senior Loan Program III LLC                                                   |  | 140,000                    |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | —   |               |                | 140,000  |             |          | —  |  |   | 4,638    |  |  | —  |             |
| NMFC Senior Loan Program IV LLC                                                    |  | 112,400                    |               |                   | —  |                     |             | —           |  |                                                             | —  |                              |  | —   |               |                | 112,400  |             |          | —  |  |   | 3,372    |  |  | —  |             |
| Haven Midstream LLC / Haven Midstream Holdings LLC  / QID TRH Holdings LLC |  | 34,821                     |               |                   | 1,106    |                     |             | —           |  |                                                             | —  |                              |  | 3,994     |               |                | 39,921   |             |          | 1,527    |  |   | —  |  |  | 223      |             |
| UniTek Global Services, Inc.                                                       |  | 67,635                     |               |                   | 1,587    |                     |             | (65)                   |  |                                                             | —  |                              |  | 9,379     |               |                | 78,536   |             |          | 997      |  |   | 1,012    |  |  | 181      |             |
| Total Controlled Investments                                                       |  | $                               | 755,810  |                   |               | $                   | 6,513  |                        |  | $                                                           | (14,815)      |                              |  | $              | 19,242   |                |               | $           | (16,168) |               |  | $ | 731,340  |  |  | $             | 6,626  |  |  | $ | 12,657   |  |  | $ | 2,619    |  |

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|                      |  |                                                                    |   |  |  |  |  |  |
|----------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                 |  | March 31, 2022                                                     |
| Investment Type |  | Percent of TotalInvestments at Fair Value |
| First lien           |  | 54.10                                                         | % |
| Second lien          |  | 18.62                                                         | % |
| Subordinated         |  | 1.68                                                          | % |
| Equity and other     |  | 25.60                                                         | % |
| Total investments    |  | 100.00                                                        | % |

|                                                           |  |                                                                    |   |  |  |  |  |  |
|-----------------------------------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                                                      |  | March 31, 2022                                                     |
| Industry Type                                        |  | Percent of TotalInvestments at Fair Value |
| Software                                                  |  | 25.14                                                         | % |
| Business Services                                         |  | 16.28                                                         | % |
| Healthcare Services                                       |  | 15.78                                                         | % |
| Education                                                 |  | 8.12                                                          | % |
| Investment Funds (includes investments in joint ventures) |  | 7.75                                                          | % |
| Net Lease                                                 |  | 6.16                                                          | % |
| Consumer Services                                         |  | 4.73                                                          | % |
| Distribution & Logistics                              |  | 3.27                                                          | % |
| Specialty Chemicals & Materials                       |  | 2.01                                                          | % |
| Financial Services                                        |  | 1.86                                                          | % |
| Information Technology                                    |  | 1.80                                                          | % |
| Insurance Services                                        |  | 1.77                                                          | % |
| Healthcare Information Technology                         |  | 1.64                                                          | % |
| Energy                                                    |  | 1.22                                                          | % |
| Packaging                                                 |  | 1.03                                                          | % |
| Federal Services                                          |  | 0.39                                                          | % |
| Business Products                                         |  | 0.32                                                          | % |
| Consumer Products                                         |  | 0.32                                                          | % |
| Industrial Services                                       |  | 0.23                                                          | % |
| Information Services                                      |  | 0.18                                                          | % |
| Total investments                                         |  | 100.00                                                        | % |

|                              |  |                                                                    |   |  |  |  |  |  |
|------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                         |  | March 31, 2022                                                     |
| Interest Rate Type |  | Percent of TotalInvestments at Fair Value |
| Floating rates               |  | 88.25                                                         | % |
| Fixed rates                  |  | 11.75                                                         | % |
| Total investments            |  | 100.00                                                        | % |

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|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |  |            |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|--------------------------------|--|--------------------------------------|--|-------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|------------|--------------|---------------------|--|------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)   |  | Type ofInvestment              |  | Interest Rate (19)                   |  | Acquisition Date  |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value |              | Percent ofNetAssets |
| Non-Controlled/Non-Affiliated Investments |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Funded Debt Investments - United States       |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| GS Acquisitionco, Inc.                        |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                      |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/S)              |  | 8/7/2019  |  | 5/22/2026           |  | $                                       | 67,966  |              |              | $          | 67,713  |                     |  | $          | 67,966  |  |  |  |
|                                               |  | First lien (5)(15)             |  | 6.75% (L + 5.75%/S)              |  | 8/7/2019  |  | 5/22/2026           |  | 21,968                             |              |              | 21,891  |            |              | 21,968         |  |            |              |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/Q)              |  | 8/7/2019  |  | 5/22/2026           |  | 2,811                              |              |              | 2,793   |            |              | 2,811          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 92,397  |              |            | 92,745  |                     |  | 6.91  | %            |
| PhyNet Dermatology LLC                        |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                           |  | First lien (2)(15)             |  | 7.00% (L + 5.50% + 0.50% PIK/Q)* |  | 9/17/2018 |  | 8/16/2024           |  | 49,617                                  |              | 49,374  |              |            | 49,617  |                     |  |            |
|                                               |  | First lien (3)(15)             |  | 7.00% (L + 5.50% + 0.50% PIK/Q)* |  | 9/17/2018 |  | 8/16/2024           |  | 18,966                             |              |              | 18,848  |            |              | 18,966         |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 68,222  |              |            | 68,583  |                     |  | 5.11  | %            |
| Associations, Inc.                            |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Consumer Services                             |  | First lien (2)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027            |  | 30,196                             |              |              | 30,056  |            |              | 30,045         |  |            |              |
|                                               |  | First lien (3)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027            |  | 8,590                              |              |              | 8,547   |            |              | 8,547          |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027            |  | 8,590                              |              |              | 8,548   |            |              | 8,547          |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027            |  | 5,188                              |              |              | 5,163   |            |              | 5,162          |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 4.00% + 2.50% PIK/Q)* |  | 7/2/2021  |  | 7/2/2027            |  | 4,127                              |              |              | 4,107   |            |              | 4,106          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 56,421  |              |            | 56,407  |                     |  | 4.20  | %            |
| iCIMS, Inc.                                   |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                      |  | First lien (8)(15)             |  | 7.50% (L + 6.50%/S)              |  | 9/12/2018 |  | 9/12/2024           |  | 41,636                             |              |              | 41,413  |            |              | 41,636         |  |            |              |
|                                               |  | First lien (8)(15)             |  | 7.50% (L + 6.50%/S)              |  | 6/14/2019 |  | 9/12/2024           |  | 8,667                              |              |              | 8,618   |            |              | 8,666          |  |            |              |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 7.50% (L + 6.50%/S)              |  | 9/12/2018 |  | 9/12/2024           |  | 2,915                              |              |              | 2,886   |            |              | 2,915          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 52,917  |              |            | 53,217  |                     |  | 3.97  | %            |
| Frontline Technologies Group Holdings, LLC    |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                      |  | First lien (4)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 9/18/2017 |  | 9/18/2023           |  | 21,718                             |              |              | 21,664  |            |              | 21,718         |  |            |              |
|                                               |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 9/18/2017 |  | 9/18/2023           |  | 18,303                             |              |              | 18,275  |            |              | 18,303         |  |            |              |
|                                               |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 9/18/2017 |  | 9/18/2023           |  | 7,555                              |              |              | 7,530   |            |              | 7,555          |  |            |              |
|                                               |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)              |  | 6/15/2021 |  | 9/18/2023           |  | 5,031                              |              |              | 5,031   |            |              | 5,031          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 52,500  |              |            | 52,607  |                     |  | 3.92  | %            |
| CentralSquare Technologies, LLC               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                      |  | Second lien (3)                |  | 7.72% (L + 7.50%/Q)              |  | 8/15/2018 |  | 8/31/2026           |  | 47,838                             |              |              | 47,431  |            |              | 43,293         |  |            |              |
|                                               |  | Second lien (8)                |  | 7.72% (L + 7.50%/Q)              |  | 8/15/2018 |  | 8/31/2026           |  | 7,500                              |              |              | 7,436   |            |              | 6,788          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 54,867  |              |            | 50,081  |                     |  | 3.73  | %            |
| Integro Parent Inc.                           |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
| Insurance Services                            |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/S)              |  | 10/9/2015 |  | 10/31/2022          |  | 33,986                             |              |              | 33,947  |            |              | 33,239         |  |            |              |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 4.80% (L + 4.50%/S)              |  | 6/8/2018  |  | 4/30/2022           |  | 6,743                              |              |              | 6,709   |            |              | 6,685          |  |            |              |
|                                               |  | Second lien (8)(15)            |  | 10.25% (L + 9.25%/S)             |  | 10/9/2015 |  | 10/30/2023          |  | 10,000                             |              |              | 9,969   |            |              | 9,534          |  |            |              |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              | 50,625  |              |            | 49,458  |                     |  | 3.69  | %            |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |
|                                               |  |                                |  |                                      |  |                   |  |                             |  |                                         |              |              |              |            |              |                     |

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Table of Contents

|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|--------------------------------|--|--------------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|------------|--------------|---------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1) |  | Type ofInvestment              |  | Interest Rate (19)                   |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value |              | Percent ofNetAssets |
| NM GRC Holdco, LLC                          |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                           |  | First lien (2)(15)             |  | 8.50% (L + 6.00% + 1.50% PIK/M)* |  | 2/9/2018   |  | 2/9/2024            |  | $                                       | 38,561  |              |              | $          | 38,485  |                     |  | $          | 38,561  |   |  |  |
|                                             |  | First lien (2)(15)             |  | 8.50% (L + 6.00% + 1.50% PIK/M)* |  | 2/9/2018   |  | 2/9/2024            |  | 10,718                             |              |              | 10,695  |            |              | 10,718         |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 49,180  |              |            | 49,279  |                     |  | 3.67%      |
| Affinity Dental Management, Inc.            |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                         |  | First lien (2)(15)             |  | 7.00% (L + 6.00%/S)              |  | 9/15/2017  |  | 9/15/2023           |  | 33,281                             |              |              | 33,256  |            |              | 33,281         |  |            |              |
|                                             |  | First lien (4)(15)             |  | 7.00% (L + 6.00%/S)              |  | 9/17/2019  |  | 9/15/2023           |  | 10,482                             |              |              | 10,482  |            |              | 10,482         |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 7.00% (L + 6.00%/S)              |  | 9/15/2017  |  | 3/15/2023           |  | 1,738                              |              |              | 1,720   |            |              | 1,738          |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 45,458  |              |            | 45,501  |                     |  | 3.39  | %            |
| Brave Parent Holdings, Inc.                 |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                    |  | Second lien (5)                |  | 7.60% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026           |  | 22,500                             |              |              | 22,430  |            |              | 22,613         |  |            |              |
|                                             |  | Second lien (2)                |  | 7.60% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026           |  | 16,624                             |              |              | 16,518  |            |              | 16,707         |  |            |              |
|                                             |  | Second lien (8)                |  | 7.60% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026           |  | 6,000                              |              |              | 5,962   |            |              | 6,030          |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 44,910  |              |            | 45,350  |                     |  | 3.38  | %            |
| Deca Dental Holdings LLC                    |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                         |  | First lien (2)(15)             |  | 6.50% (L + 5.75%/Q)              |  | 8/26/2021  |  | 8/28/2028           |  | 38,244                             |              |              | 37,877  |            |              | 37,861         |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 6.50% (L + 5.75%/Q)              |  | 8/26/2021  |  | 8/28/2028           |  | 4,026                              |              |              | 3,985   |            |              | 3,985          |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 41,862  |              |            | 41,846  |                     |  | 3.13  | %            |
| Kaseya Inc.                                 |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                    |  | First lien (8)(15)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 5/9/2019   |  | 5/2/2025            |  | 29,094                             |              |              | 28,926  |            |              | 29,094         |  |            |              |
|                                             |  | First lien (8)(15)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 9/8/2021   |  | 5/2/2025            |  | 7,795                              |              |              | 7,733   |            |              | 7,795          |  |            |              |
|                                             |  | First lien (3)(15)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 5/9/2019   |  | 5/2/2025            |  | 3,405                              |              |              | 3,380   |            |              | 3,405          |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 9/8/2021   |  | 5/2/2025            |  | 1,541                              |              |              | 1,528   |            |              | 1,541          |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 41,567  |              |            | 41,835  |                     |  | 3.12  | %            |
| GC Waves Holdings, Inc.**                   |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Financial Services                          |  | First lien (5)(15)             |  | 6.25% (L + 5.50%/Q)              |  | 8/13/2021  |  | 8/13/2026           |  | 22,108                             |              |              | 21,993  |            |              | 22,108         |  |            |              |
|                                             |  | First lien (2)(15)             |  | 6.25% (L + 5.50%/Q)              |  | 8/13/2021  |  | 8/13/2026           |  | 13,345                             |              |              | 13,250  |            |              | 13,345         |  |            |              |
|                                             |  | First lien (2)(15)(18) - Drawn |  | 6.25% (L + 5.50%/Q)              |  | 8/13/2021  |  | 8/13/2026           |  | 5,643                              |              |              | 5,588   |            |              | 5,643          |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 40,831  |              |            | 41,096  |                     |  | 3.06  | %            |
| Stamps.com Inc.                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                    |  | First lien (8)(15)             |  | 6.50% (L + 5.75%/Q)              |  | 10/5/2021  |  | 10/5/2028           |  | 37,273                             |              |              | 36,911  |            |              | 36,900         |  |            | 2.75    | % |
| OEC Holdco, LLC (22)                        |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| OEConnection LLC                            |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                           |  | Second lien (2)                |  | 7.50% (L + 7.00%/M)              |  | 12/17/2021 |  | 9/25/2027           |  | 23,406                             |              |              | 23,173  |            |              | 23,171         |  |            |              |
|                                             |  | Second lien (2)                |  | 7.50% (L + 7.00%/M)              |  | 9/25/2019  |  | 9/25/2027           |  | 12,044                             |              |              | 11,950  |            |              | 11,924         |  |            |              |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              | 35,123  |              |            | 35,095  |                     |  | 2.62  | %            |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
|                                             |  |                                |  |                                      |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |

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Table of Contents

|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|--------------------------------|--|------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|------------|--------------|---------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1) |  | Type ofInvestment              |  | Interest Rate (19)           |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value |              | Percent ofNetAssets |
| Diamond Parent Holdings Corp. (35)          |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Diligent Corporation                        |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                    |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/Q)      |  | 3/30/2021  |  | 8/4/2025            |  | $                                       | 17,762  |              |              | $          | 17,687  |                     |  | $          | 17,673  |   |  |  |
|                                             |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/Q)      |  | 3/4/2021   |  | 8/4/2025            |  | 9,905                              |              |              | 9,863   |            |              | 9,855          |  |            |              |
|                                             |  | First lien (3)(15)             |  | 7.25% (L + 6.25%/Q)      |  | 12/19/2018 |  | 8/4/2025            |  | 5,887                              |              |              | 5,860   |            |              | 5,945          |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 33,410  |              |            | 33,473  |                     |  | 2.49  | %            |
| EAB Global, Inc.                            |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Education                                   |  | Second lien (2)(15)            |  | 7.00% (L + 6.50%/S)      |  | 8/16/2021  |  | 8/16/2029           |  | 33,452                             |              |              | 32,969  |            |              | 32,951         |  |            | 2.46    | % |
| KAMC Holdings, Inc                          |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                           |  | Second lien (2)(15)            |  | 8.16% (L + 8.00%/Q)      |  | 8/14/2019  |  | 8/13/2027           |  | 18,750                             |              |              | 18,642  |            |              | 16,352         |  |            |              |
|                                             |  | Second lien (8)(15)            |  | 8.16% (L + 8.00%/Q)      |  | 8/14/2019  |  | 8/13/2027           |  | 18,750                             |              |              | 18,642  |            |              | 16,352         |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 37,284  |              |            | 32,704  |                     |  | 2.44  | %            |
| Paw Midco, Inc.                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| AAH Topco, LLC                              |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Consumer Services                           |  | First lien (8)                 |  | 6.25% (L + 5.50%/Q)      |  | 12/22/2021 |  | 12/22/2027          |  | 20,843                             |              |              | 20,635  |            |              | 20,634         |  |            |              |
|                                             |  | Subordinated (3)               |  | 11.50% PIK/Q*            |  | 12/22/2021 |  | 12/22/2031          |  | 11,110                             |              |              | 10,944  |            |              | 10,944         |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 31,579  |              |            | 31,578  |                     |  | 2.36  | %            |
| IG Investments Holdings, LLC                |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                           |  | First lien (2)(15)             |  | 6.75% (L + 6.00%/Q)      |  | 9/22/2021  |  | 9/22/2028           |  | 29,429                             |              |              | 29,144  |            |              | 29,133         |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 6.00%/M)      |  | 9/22/2021  |  | 9/22/2027           |  | 1,149                              |              |              | 1,137   |            |              | 1,137          |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 30,281  |              |            | 30,270  |                     |  | 2.25  | %            |
| Ansira Holdings, Inc.                       |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                           |  | First lien (8)(15)             |  | 7.50% (L + 6.50% PIK/S)* |  | 12/19/2016 |  | 12/20/2024          |  | 31,793                             |              |              | 31,748  |            |              | 24,025         |  |            |              |
|                                             |  | First lien (3)(15)             |  | 7.50% (L + 6.50% PIK/S)* |  | 12/19/2016 |  | 12/20/2024          |  | 8,033                              |              |              | 8,024   |            |              | 6,071          |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 39,772  |              |            | 30,096  |                     |  | 2.24  | %            |
| Granicus, Inc.                              |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                    |  | First lien (4)(15)             |  | 7.50% (L + 6.50%/Q)      |  | 1/27/2021  |  | 1/29/2027           |  | 15,522                             |              |              | 15,420  |            |              | 15,406         |  |            |              |
|                                             |  | First lien (3)(15)             |  | 7.50% (L + 6.50%/Q)      |  | 1/27/2021  |  | 1/29/2027           |  | 6,004                              |              |              | 5,963   |            |              | 5,959          |  |            |              |
|                                             |  | First lien (2)(15)             |  | 7.50% (L + 6.50%/Q)      |  | 1/27/2021  |  | 1/29/2027           |  | 5,922                              |              |              | 5,883   |            |              | 5,878          |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 7.00% (L + 6.00%/Q)      |  | 4/23/2021  |  | 1/29/2027           |  | 2,778                              |              |              | 2,752   |            |              | 2,751          |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 30,018  |              |            | 29,994  |                     |  | 2.23  | %            |
| MRI Software LLC                            |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                    |  | First lien (5)(15)             |  | 6.50% (L + 5.50%/S)      |  | 1/31/2020  |  | 2/10/2026           |  | 22,104                             |              |              | 22,024  |            |              | 22,104         |  |            |              |
|                                             |  | First lien (2)(15)             |  | 6.50% (L + 5.50%/S)      |  | 1/31/2020  |  | 2/10/2026           |  | 6,205                              |              |              | 6,182   |            |              | 6,205          |  |            |              |
|                                             |  | First lien (3)(15)             |  | 6.50% (L + 5.50%/S)      |  | 1/31/2020  |  | 2/10/2026           |  | 818                                |              |              | 814     |            |              | 818            |  |            |              |
|                                             |  | First lien (2)(15)             |  | 6.50% (L + 5.50%/Q)      |  | 3/24/2021  |  | 2/10/2026           |  | 319                                |              |              | 318     |            |              | 319            |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 29,338  |              |            | 29,446  |                     |  | 2.19  | %            |
| Keystone Acquisition Corp.                  |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                         |  | First lien (2)                 |  | 6.25% (L + 5.25%/Q)      |  | 5/10/2017  |  | 5/1/2024            |  | 23,981                             |              |              | 23,918  |            |              | 23,861         |  |            |              |
|                                             |  | Second lien (2)(15)            |  | 10.25% (L + 9.25%/Q)     |  | 5/10/2017  |  | 5/1/2025            |  | 4,500                              |              |              | 4,476   |            |              | 4,500          |  |            |              |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              | 28,394  |              |            | 28,361  |                     |  | 2.11  | %            |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
|                                             |  |                                |  |                              |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |

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Table of Contents

|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |  |            |              |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|--------------------------------|--|-------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|------------|--------------|---------------------|--|------------|--------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)              |  | Type ofInvestment              |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value |              | Percent ofNetAssets |
| OA Topco, L.P.  (40)                                     |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| OA Buyer, Inc.                                           |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Information Technology                        |  | First lien (2)                 |  | 6.75% (L + 6.00%/Q) |  | 12/20/2021 |  | 12/20/2028          |  | $                                       | 28,201  |              |              | $          | 27,920  |                     |  | $          | 27,919  |   |  | 2.08  | % |
| Foundational Education Group, Inc.                       |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Education                                                |  | Second lien (5)                |  | 7.00% (L + 6.50%/S) |  | 8/19/2021  |  | 8/31/2029           |  | 22,500                             |              |              | 22,391  |            |              | 22,500         |  |            |              |
|                                                          |  | Second lien (2)                |  | 7.00% (L + 6.50%/S) |  | 8/19/2021  |  | 8/31/2029           |  | 5,009                              |              |              | 4,985   |            |              | 5,009          |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 27,376  |              |            | 27,509  |                     |  | 2.05  | %            |
| TMK Hawk Parent, Corp.                                   |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Distribution & Logistics                             |  | First lien (2)(15)             |  | 3.60% (L + 3.50%/M) |  | 6/24/2019  |  | 8/28/2024           |  | 16,563                             |              |              | 15,121  |            |              | 13,968         |  |            |              |
|                                                          |  | First lien (8)(15)             |  | 3.60% (L + 3.50%/M) |  | 10/23/2019 |  | 8/28/2024           |  | 15,975                             |              |              | 14,219  |            |              | 13,473         |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 29,340  |              |            | 27,441  |                     |  | 2.04  | %            |
| New Trojan Parent, Inc.                                  |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                                      |  | Second lien (2)                |  | 7.75% (L + 7.25%/Q) |  | 1/22/2021  |  | 1/5/2029            |  | 26,762                             |              |              | 26,640  |            |              | 26,762         |  |            | 1.99    | % |
| HS Purchaser, LLC  / Help/Systems Holdings, Inc. |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                 |  | Second lien (5)                |  | 7.50% (L + 6.75%/Q) |  | 11/14/2019 |  | 11/19/2027          |  | 22,500                             |              |              | 22,404  |            |              | 22,509         |  |            |              |
|                                                          |  | Second lien (2)                |  | 7.50% (L + 6.75%/Q) |  | 11/14/2019 |  | 11/19/2027          |  | 4,208                              |              |              | 4,174   |            |              | 4,210          |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 26,578  |              |            | 26,719  |                     |  | 1.99  | %            |
| VT Topco, Inc.                                           |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                        |  | Second lien (2)                |  | 7.50% (L + 6.75%/M) |  | 7/30/2021  |  | 7/31/2026           |  | 16,183                             |              |              | 16,127  |            |              | 16,224         |  |            |              |
|                                                          |  | Second lien (4)                |  | 6.85% (L + 6.75%/M) |  | 8/14/2018  |  | 7/31/2026           |  | 10,000                             |              |              | 9,984   |            |              | 10,025         |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 26,111  |              |            | 26,249  |                     |  | 1.96  | %            |
| CRCI Longhorn Holdings, Inc.                             |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                        |  | Second lien (3)(15)            |  | 7.35% (L + 7.25%/M) |  | 8/2/2018   |  | 8/10/2026           |  | 18,266                             |              |              | 18,221  |            |              | 18,266         |  |            |              |
|                                                          |  | Second lien (8)(15)            |  | 7.35% (L + 7.25%/M) |  | 8/2/2018   |  | 8/10/2026           |  | 7,500                              |              |              | 7,481   |            |              | 7,500          |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 25,702  |              |            | 25,766  |                     |  | 1.92  | %            |
| Galway Borrower LLC                                      |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Insurance Services                                       |  | First lien (2)(15)             |  | 6.00% (L + 5.25%/Q) |  | 9/30/2021  |  | 9/29/2028           |  | 24,279                             |              |              | 24,043  |            |              | 24,036         |  |            |              |
|                                                          |  | First lien (3)(15)             |  | 6.00% (L + 5.25%/Q) |  | 9/30/2021  |  | 9/29/2028           |  | 1,674                              |              |              | 1,658   |            |              | 1,658          |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 25,701  |              |            | 25,694  |                     |  | 1.91  | %            |
| Idera, Inc.                                              |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                 |  | Second lien (4)                |  | 7.50% (L + 6.75%/S) |  | 6/27/2019  |  | 3/2/2029            |  | 22,500                             |              |              | 22,212  |            |              | 22,613         |  |            |              |
|                                                          |  | Second lien (3)                |  | 7.50% (L + 6.75%/S) |  | 4/29/2021  |  | 3/2/2029            |  | 3,000                              |              |              | 2,986   |            |              | 3,015          |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 25,198  |              |            | 25,628  |                     |  | 1.91  | %            |
| NMC Crimson Holdings, Inc.                               |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                                      |  | First lien (8)(15)             |  | 6.75% (L + 6.00%/S) |  | 3/1/2021   |  | 3/1/2028            |  | 19,259                             |              |              | 18,998  |            |              | 18,970         |  |            |              |
|                                                          |  | First lien (2)(15)             |  | 6.75% (L + 6.00%/S) |  | 3/2/2021   |  | 3/1/2028            |  | 4,913                              |              |              | 4,846   |            |              | 4,839          |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 23,844  |              |            | 23,809  |                     |  | 1.77  | %            |
| Syndigo LLC                                              |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                 |  | Second lien (4)                |  | 8.75% (L + 8.00%/S) |  | 12/14/2020 |  | 12/15/2028          |  | 22,500                             |              |              | 22,347  |            |              | 22,528         |  |            | 1.68    | % |
| ACI Parent Inc.  (36)                                    |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| ACI Group Holdings, Inc.                                 |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                                      |  | First lien (2)(15)             |  | 6.25% (L + 5.50%/Q) |  | 8/2/2021   |  | 8/2/2028            |  | 22,306                             |              |              | 22,094  |            |              | 22,083         |  |            |              |
|                                                          |  | First lien (3)(15)(18) - Drawn |  | 6.25% (L + 5.50%/Q) |  | 8/2/2021   |  | 8/2/2028            |  | 59                                 |              |              | 58      |            |              | 58             |  |            |              |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 22,152  |              |            | 22,141  |                     |  | 1.65  | %            |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
|                                                          |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |

----

Table of Contents

|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|--------------------------------|--|-------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|------------|--------------|---------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                |  | Type ofInvestment              |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value |              | Percent ofNetAssets |
| Cardinal Parent, Inc.                                      |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                   |  | First lien (4)                 |  | 5.25% (L + 4.50%/Q) |  | 10/30/2020 |  | 11/12/2027          |  | $                                       | 12,096  |              |              | $          | 12,017  |                     |  | $          | 12,083  |   |  |  |
|                                                            |  | Second lien (4)(15)            |  | 8.50% (L + 7.75%/Q) |  | 11/12/2020 |  | 11/13/2028          |  | 9,767                              |              |              | 9,679   |            |              | 9,864          |  |            |              |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 21,696  |              |            | 21,947  |                     |  | 1.63%      |
| DCA Investment Holding, LLC                                |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                                        |  | First lien (2)                 |  | 7.00% (L + 6.25%/Q) |  | 3/12/2021  |  | 3/12/2027           |  | 19,878                             |              |              | 19,746  |            |              | 19,803         |  |            |              |
|                                                            |  | First lien (3)(18) - Drawn     |  | 7.00% (L + 6.25%/Q) |  | 3/12/2021  |  | 3/12/2027           |  | 1,919                              |              |              | 1,905   |            |              | 1,912          |  |            |              |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 21,651  |              |            | 21,715  |                     |  | 1.62  | %            |
| Spring Education Group, Inc (fka SSH Group Holdings, Inc.) |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Education                                                  |  | Second lien (2)                |  | 8.47% (L + 8.25%/Q) |  | 7/26/2018  |  | 7/30/2026           |  | 21,959                             |              |              | 21,921  |            |              | 21,282         |  |            | 1.59    | % |
| MED Parentco, LP                                           |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                                        |  | Second lien (8)                |  | 8.35% (L + 8.25%/M) |  | 8/2/2019   |  | 8/30/2027           |  | 20,857                             |              |              | 20,735  |            |              | 20,883         |  |            | 1.56    | % |
| DG Investment Intermediate Holdings 2, Inc.                |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                          |  | Second lien (3)                |  | 7.50% (L + 6.75%/M) |  | 3/18/2021  |  | 3/30/2029           |  | 20,313                             |              |              | 20,265  |            |              | 20,465         |  |            | 1.52    | % |
| YLG Holdings, Inc.                                         |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                          |  | First lien (5)(15)             |  | 6.25% (L + 5.25%/S) |  | 11/1/2019  |  | 10/31/2025          |  | 18,045                             |              |              | 17,983  |            |              | 18,045         |  |            |              |
|                                                            |  | First lien (5)(15)             |  | 6.25% (L + 5.25%/S) |  | 11/1/2019  |  | 10/31/2025          |  | 2,350                              |              |              | 2,341   |            |              | 2,350          |  |            |              |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 20,324  |              |            | 20,395  |                     |  | 1.52  | %            |
| Fortis Solutions Group, LLC                                |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Packaging                                                  |  | First lien (8)(15)             |  | 6.25% (L + 5.50%/Q) |  | 10/15/2021 |  | 10/13/2028          |  | 10,298                             |              |              | 10,198  |            |              | 10,195         |  |            |              |
|                                                            |  | First lien (2)(15)             |  | 6.25% (L + 5.50%/Q) |  | 10/15/2021 |  | 10/13/2028          |  | 10,298                             |              |              | 10,198  |            |              | 10,195         |  |            |              |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 20,396  |              |            | 20,390  |                     |  | 1.52  | %            |
| Bluefin Holding, LLC                                       |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                   |  | Second lien (8)(15)            |  | 7.93% (L + 7.75%/Q) |  | 9/6/2019   |  | 9/3/2027            |  | 18,000                             |              |              | 18,000  |            |              | 18,000         |  |            |              |
|                                                            |  | First lien (3)(15)(18) - Drawn |  | 4.41% (L + 4.25%/Q) |  | 9/6/2019   |  | 9/6/2024            |  | 1,485                              |              |              | 1,463   |            |              | 1,485          |  |            |              |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 19,463  |              |            | 19,485  |                     |  | 1.45  | %            |
| Bullhorn, Inc.                                             |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                   |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/Q) |  | 9/24/2019  |  | 9/30/2026           |  | 16,830                             |              |              | 16,741  |            |              | 16,830         |  |            |              |
|                                                            |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/Q) |  | 10/5/2021  |  | 9/30/2026           |  | 1,075                              |              |              | 1,072   |            |              | 1,075          |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.75% (L + 5.75%/Q) |  | 9/24/2019  |  | 9/30/2026           |  | 779                                |              |              | 773     |            |              | 779            |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.75% (L + 5.75%/Q) |  | 9/24/2019  |  | 9/30/2026           |  | 349                                |              |              | 347     |            |              | 349            |  |            |              |
|                                                            |  | First lien (3)(15)             |  | 6.75% (L + 5.75%/Q) |  | 9/24/2019  |  | 9/30/2026           |  | 278                                |              |              | 277     |            |              | 278            |  |            |              |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              | 19,210  |              |            | 19,311  |                     |  | 1.44  | %            |
| Convey Health Solutions, Inc.**                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Healthcare Services                                        |  | First lien (4)(15)             |  | 5.50% (L + 4.75%/M) |  | 9/9/2019   |  | 9/4/2026            |  | 19,263                             |              |              | 19,108  |            |              | 19,263         |  |            | 1.43    | % |
| Xactly Corporation                                         |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                   |  | First lien (4)(15)             |  | 8.25% (L + 7.25%/S) |  | 7/31/2017  |  | 7/31/2023           |  | 19,047                             |              |              | 19,005  |            |              | 19,047         |  |            | 1.42    | % |
| Infogain Corporation                                       |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                   |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/S) |  | 7/30/2021  |  | 7/28/2028           |  | 19,090                             |              |              | 18,953  |            |              | 18,946         |  |            | 1.41    | % |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
|                                                            |  |                                |  |                         |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |

----

Table of Contents

|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |  |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|--------------------------------|--|---------------------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|---------------|------------|--------------|---------------------|--|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)              |  | Type ofInvestment              |  | Interest Rate (19)                          |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |               | Fair Value |              | Percent ofNetAssets |
| AAC Lender Holdings, LLC (33)                            |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| American Achievement Corporation (aka AAC Holding Corp.) |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Education                                                |  | First lien (2)(15)             |  | 7.25% (L + 5.75% PIK + 0.50%/M) (41)*   |  | 9/30/2015  |  | 9/30/2026           |  | $                                       | 27,610  |              |               | $          | 27,559  |                     |  | $          | 17,386  |   |  |  |
|                                                          |  | First lien (3)(15)             |  | 15.00% (L + 13.50% PIK + 0.50%/M) (41)* |  | 6/10/2021  |  | 9/30/2026           |  | 1,527                              |              |              | 1,527    |            |              | —        |  |            |              |
|                                                          |  | Subordinated (3)(15)           |  | 2.00% (L + 1.00% PIK/Q) (41)*           |  | 3/16/2021  |  | 9/30/2026           |  | 5,230                              |              |              | —  |            |              | —        |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              | 29,086  |               |            | 17,386  |                     |  | 1.29  | %            |
| The Kleinfelder Group, Inc.                              |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Business Services                                        |  | First lien (4)(15)             |  | 6.25% (L + 5.25%/Q)                     |  | 12/18/2018 |  | 11/29/2024          |  | 16,708                             |              |              | 16,663   |            |              | 16,708         |  |            | 1.24    | % |
| Kele Holdco, Inc.                                        |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Distribution & Logistics                             |  | First lien (5)                 |  | 7.00% (L + 6.00%/M)                     |  | 2/20/2020  |  | 2/20/2026           |  | 15,949                             |              |              | 15,890   |            |              | 15,870         |  |            |              |
|                                                          |  | First lien (3)(18) - Drawn     |  | 7.00% (L + 6.00%/M)                     |  | 2/20/2020  |  | 2/20/2026           |  | 630                                |              |              | 627      |            |              | 627            |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              | 16,517  |               |            | 16,497  |                     |  | 1.23  | %            |
| Coyote Buyer, LLC                                        |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Specialty Chemicals & Materials                      |  | First lien (5)(15)             |  | 7.00% (L + 6.00%/S)                     |  | 3/13/2020  |  | 2/6/2026            |  | 13,937                             |              |              | 13,885   |            |              | 13,937         |  |            |              |
|                                                          |  | First lien (5)(15)             |  | 9.00% (L + 8.00%/S)                     |  | 10/15/2020 |  | 8/6/2026            |  | 2,507                              |              |              | 2,488    |            |              | 2,507          |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              | 16,373  |               |            | 16,444  |                     |  | 1.22  | %            |
| Trinity Air Consultants Holdings Corporation             |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Business Services                                        |  | First lien (2)(15)             |  | 6.00% (L + 5.25%/S)                     |  | 6/30/2021  |  | 6/29/2027           |  | 15,382                             |              |              | 15,238   |            |              | 15,228         |  |            |              |
|                                                          |  | First lien (3)(15)(18) - Drawn |  | 6.00% (L + 5.25%/M)                     |  | 6/30/2021  |  | 6/29/2027           |  | 1,201                              |              |              | 1,189    |            |              | 1,189          |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              | 16,427  |               |            | 16,417  |                     |  | 1.22  | %            |
| Hill International, Inc.                                 |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Business Services                                        |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/M)                     |  | 6/21/2017  |  | 6/21/2023           |  | 15,089                             |              |              | 15,067   |            |              | 15,089         |  |            | 1.12    | % |
| CFS Management, LLC                                      |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Healthcare Services                                      |  | First lien (2)(15)             |  | 6.50% (L + 5.50%/S)                     |  | 8/6/2019   |  | 7/1/2024            |  | 11,497                             |              |              | 11,466   |            |              | 11,497         |  |            |              |
|                                                          |  | First lien (3)(15)             |  | 6.50% (L + 5.50%/S)                     |  | 8/6/2019   |  | 7/1/2024            |  | 3,425                              |              |              | 3,413    |            |              | 3,425          |  |            |              |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              | 14,879  |               |            | 14,922  |                     |  | 1.11  | %            |
| FR Arsenal Holdings II Corp.                             |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Business Services                                        |  | First lien (2)(15)             |  | 8.50% (L + 7.50%/S)                     |  | 9/29/2016  |  | 9/8/2022            |  | 14,884                             |              |              | 14,861   |            |              | 14,520         |  |            | 1.08    | % |
| Pioneer Topco I, L.P.  (39)                              |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Pioneer Buyer I, LLC                                     |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Software                                                 |  | First lien (8)(15)             |  | 7.75% (L + 7.00% PIK/Q)*                |  | 11/1/2021  |  | 11/1/2028           |  | 13,628                             |              |              | 13,496   |            |              | 13,492         |  |            | 1.00    | % |
| Transcendia Holdings, Inc.                               |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Packaging                                                |  | Second lien (8)(15)            |  | 9.00% (L + 8.00%/M)                     |  | 6/28/2017  |  | 5/30/2025           |  | 14,500                             |              |              | 14,396   |            |              | 13,445         |  |            | 1.00    | % |
| Alegeus Technologies Holding Corp.                       |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Healthcare Services                                      |  | First lien (8)(15)             |  | 9.25% (L + 8.25%/S)                     |  | 9/5/2018   |  | 9/5/2024            |  | 13,443                             |              |              | 13,409   |            |              | 13,443         |  |            | 1.00    | % |
| Daxko Acquisition Corporation                            |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
| Software                                                 |  | First lien (8)(15)             |  | 6.25% (L + 5.50%/Q)                     |  | 10/15/2021 |  | 10/16/2028          |  | 13,277                             |              |              | 13,147   |            |              | 13,144         |  |            | 0.98    | % |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |
|                                                          |  |                                |  |                                             |  |                    |  |                             |  |                                         |              |              |               |            |              |                     |

----

Table of Contents

|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |   |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|--|--------------------------------|--|--------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|------------|--------------|---------------------|---|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                 |  | Type ofInvestment              |  | Interest Rate (19)       |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value |              | Percent ofNetAssets |
| FS WhiteWater Holdings, LLC  (38)                           |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| FS WhiteWater Borrower, LLC                                 |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Consumer Services                                           |  | First lien (5)                 |  | 6.50% (L + 5.75%/Q)  |  | 12/20/2021 |  | 12/21/2027          |  | $                                       | 10,500  |              |              | $          | 10,395  |                     |   | $          | 10,395  |   |  |  |
|                                                             |  | First lien (5)(18) - Drawn     |  | 6.50% (L + 5.75%/Q)  |  | 12/20/2021 |  | 12/21/2027          |  | 2,618                              |              |              | 2,592   |            |              | 2,592          |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 12,987       |              | 12,987     |              | 0.97           | % |
| Community Brands ParentCo, LLC (f.k.a Ministry Brands, LLC) |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                    |  | First lien (2)(15)             |  | 5.00% (L + 4.00%/M)  |  | 12/7/2016  |  | 12/2/2022           |  | 2,872                              |              |              | 2,869   |            |              | 2,872          |   |            |              |
|                                                             |  | Second lien (8)(15)            |  | 10.25% (L + 9.25%/M) |  | 12/7/2016  |  | 6/2/2023            |  | 7,840                              |              |              | 7,824   |            |              | 7,840          |   |            |              |
|                                                             |  | Second lien (3)(15)            |  | 10.25% (L + 9.25%/M) |  | 12/7/2016  |  | 6/2/2023            |  | 2,160                              |              |              | 2,155   |            |              | 2,160          |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 12,848  |              |            | 12,872  |                     |   | 0.96  | %            |
| USRP Holdings, Inc.                                         |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Federal Services                                            |  | First lien (2)                 |  | 6.25% (L + 5.50%/Q)  |  | 7/22/2021  |  | 7/23/2027           |  | 11,426                             |              |              | 11,318  |            |              | 11,311         |   |            |              |
|                                                             |  | First lien (3)                 |  | 6.25% (L + 5.50%/Q)  |  | 7/22/2021  |  | 7/23/2027           |  | 1,488                              |              |              | 1,473   |            |              | 1,473          |   |            |              |
|                                                             |  | First lien (3)(18) - Drawn     |  | 6.25% (L + 5.50%/Q)  |  | 7/22/2021  |  | 7/23/2027           |  | 15                                 |              |              | 15      |            |              | 15             |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 12,806  |              |            | 12,799  |                     |   | 0.95  | %            |
| Castle Management Borrower LLC                              |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                           |  | First lien (2)(15)             |  | 3.19% (L + 2.19%/Q)  |  | 5/31/2018  |  | 2/15/2025           |  | 14,590                             |              |              | 14,561  |            |              | 12,794         |   |            | 0.95    | % |
| Calabrio, Inc.                                              |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                    |  | First lien (5)(15)             |  | 8.00% (L + 7.00%/Q)  |  | 4/16/2021  |  | 4/16/2027           |  | 12,347                             |              |              | 12,263  |            |              | 12,271         |   |            | 0.91    | % |
| Apptio, Inc.                                                |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                    |  | First lien (8)(15)             |  | 8.25% (L + 7.25%/S)  |  | 1/10/2019  |  | 1/10/2025           |  | 11,203                             |              |              | 11,075  |            |              | 11,203         |   |            |              |
|                                                             |  | First lien (3)(15)(18) - Drawn |  | 8.25% (L + 7.25%/S)  |  | 1/10/2019  |  | 1/10/2025           |  | 827                                |              |              | 810     |            |              | 827            |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 11,885  |              |            | 12,030  |                     |   | 0.90  | %            |
| CHA Holdings, Inc.                                          |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                           |  | Second lien (4)(15)            |  | 9.75% (L + 8.75%/Q)  |  | 4/3/2018   |  | 4/10/2026           |  | 7,012                              |              |              | 6,967   |            |              | 7,012          |   |            |              |
|                                                             |  | Second lien (3)(15)            |  | 9.75% (L + 8.75%/Q)  |  | 4/3/2018   |  | 4/10/2026           |  | 4,453                              |              |              | 4,424   |            |              | 4,453          |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 11,391  |              |            | 11,465  |                     |   | 0.85  | %            |
| Recorded Future, Inc.                                       |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Software                                                    |  | First lien (8)                 |  | 7.00% (L + 6.00%/Q)  |  | 8/26/2019  |  | 7/3/2025            |  | 6,219                              |              |              | 6,199   |            |              | 6,188          |   |            |              |
|                                                             |  | First lien (8)                 |  | 7.00% (L + 6.00%/Q)  |  | 3/26/2021  |  | 7/3/2025            |  | 4,776                              |              |              | 4,750   |            |              | 4,752          |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 10,949  |              |            | 10,940  |                     |   | 0.81  | %            |
| Vectra Co.                                                  |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Products                                           |  | Second lien (8)                |  | 7.35% (L + 7.25%/M)  |  | 2/23/2018  |  | 3/8/2026            |  | 10,788                             |              |              | 10,764  |            |              | 10,586         |   |            | 0.79    | % |
| PPVA Black Elk (Equity) LLC                                 |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Business Services                                           |  | Subordinated (3)(15)           |  | —                  |  | 5/3/2013   |  | —                     |  | 14,500                             |              |              | 14,500  |            |              | 10,354         |   |            | 0.77    | % |
| Notorious Topco, LLC                                        |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
| Consumer Products                                           |  | First lien (8)(15)             |  | 7.50% (L + 6.50%/Q)  |  | 11/23/2021 |  | 11/23/2027          |  | 10,153                             |              |              | 10,078  |            |              | 10,077         |   |            |              |
|                                                             |  | First lien (3)(15)(18) - Drawn |  | 7.50% (L + 6.50%/Q)  |  | 11/23/2021 |  | 5/24/2027           |  | 147                                |              |              | 146     |            |              | 146            |   |            |              |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              | 10,224  |              |            | 10,223  |                     |   | 0.76  | %            |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |
|                                                             |  |                                |  |                          |  |                    |  |                             |  |                                         |              |              |              |            |              |                     |

----

Table of Contents

|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |  |            |              |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|--------------------------------|--|--------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|-------------|-------------|------------|-------------|---------------------|--|------------|--------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1) |  | Type ofInvestment              |  | Interest Rate (19)             |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost        |             | Fair Value |             | Percent ofNetAssets |
| Quartz Holding Company                      |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Software                                    |  | Second lien (3)(15)            |  | 8.10% (L + 8.00%/M)        |  | 4/2/2019   |  | 4/2/2027            |  | $                                       | 10,000  |             |             | $          | 9,854  |                     |  | $          | 10,000  |   |  | 0.74  | % |
| Wealth Enhancement Group, LLC**             |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Financial Services                          |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/Q)        |  | 8/13/2021  |  | 10/4/2027           |  | 9,390                              |              |             | 9,367  |            |             | 9,390          |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 6.75% (L + 5.75%/Q)        |  | 8/13/2021  |  | 10/4/2027           |  | 425                                |              |             | 424    |            |             | 425            |  |            |              |
|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              | 9,791  |             |            | 9,815  |                     |  | 0.73  | %            |
| Geo Parent Corporation                      |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Business Services                           |  | First lien (2)                 |  | 5.35% (L + 5.25%/M)        |  | 12/13/2018 |  | 12/19/2025          |  | 9,810                              |              |             | 9,780  |            |             | 9,761          |  |            | 0.73    | % |
| AgKnowledge Holdings Company, Inc.          |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Business Services                           |  | First lien (2)(15)             |  | 5.75% (L + 4.75%/S)        |  | 11/30/2018 |  | 7/21/2023           |  | 9,166                              |              |             | 9,149  |            |             | 9,166          |  |            | 0.68    | % |
| CG Group Holdings, LLC                      |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Specialty Chemicals & Materials         |  | First lien (2)(15)             |  | 6.25% (L + 5.25%/Q)        |  | 7/19/2021  |  | 7/19/2027           |  | 8,302                              |              |             | 8,214  |            |             | 8,209          |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 6.25% (L + 5.25%/M)        |  | 7/19/2021  |  | 7/19/2026           |  | 906                                |              |             | 895    |            |             | 896            |  |            |              |
|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              | 9,109  |             |            | 9,105  |                     |  | 0.68  | %            |
| Energize Holdco LLC                         |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Business Services                           |  | Second lien (2)                |  | 7.25% (L + 6.75%/Q)        |  | 11/19/2021 |  | 12/7/2029           |  | 7,950                              |              |             | 7,910  |            |             | 7,910          |  |            | 0.59    | % |
| KPSKY Acquisition Inc.                      |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Industrial Services                         |  | First lien (8)(15)             |  | 6.25% (L + 5.50%/M)        |  | 10/19/2021 |  | 10/19/2028          |  | 7,039                              |              |             | 6,970  |            |             | 6,968          |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 7.75% (P + 4.50%/Q)        |  | 10/19/2021 |  | 10/19/2028          |  | 402                                |              |             | 398    |            |             | 398            |  |            |              |
|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              | 7,368  |             |            | 7,366  |                     |  | 0.55  | %            |
| Specialtycare, Inc.                         |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Healthcare Services                         |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/Q)        |  | 6/18/2021  |  | 6/18/2028           |  | 7,224                              |              |             | 7,122  |            |             | 7,115          |  |            | 0.53    | % |
| Restaurant Technologies, Inc.               |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Business Services                           |  | Second lien (4)                |  | 6.60% (L + 6.50%/M)        |  | 9/24/2018  |  | 10/1/2026           |  | 6,722                              |              |             | 6,711  |            |             | 6,722          |  |            | 0.50    | % |
| Appriss Health Holdings, Inc. (23)          |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Appriss Health, LLC                         |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Healthcare Information Technology           |  | First lien (8)(15)             |  | 8.25% (L + 7.25%/Q)        |  | 5/6/2021   |  | 5/6/2027            |  | 6,250                              |              |             | 6,192  |            |             | 6,187          |  |            | 0.46    | % |
| ADG, LLC                                    |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Healthcare Services                         |  | Second lien (3)(15)            |  | 11.00% (L + 10.00% PIK/Q)* |  | 10/3/2016  |  | 3/28/2024           |  | 6,591                              |              |             | 6,562  |            |             | 6,082          |  |            | 0.45    | % |
| Safety Borrower Holdings LLC                |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Information Services                        |  | First lien (2)(15)             |  | 6.75% (L + 5.75%/S)        |  | 9/1/2021   |  | 9/1/2027            |  | 5,756                              |              |             | 5,729  |            |             | 5,728          |  |            | 0.43    | % |
| Sun Acquirer Corp.                          |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
| Consumer Services                           |  | First lien (2)(15)             |  | 6.50% (L + 5.75%/Q)        |  | 9/8/2021   |  | 9/8/2028            |  | 4,025                              |              |             | 3,991  |            |             | 3,985          |  |            |              |
|                                             |  | First lien (3)(15)(18) - Drawn |  | 6.50% (L + 5.75%/Q)        |  | 9/8/2021   |  | 9/8/2028            |  | 1,585                              |              |             | 1,570  |            |             | 1,570          |  |            |              |
|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              | 5,561  |             |            | 5,555  |                     |  | 0.41  | %            |
|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |
|                                             |  |                                |  |                                |  |                    |  |                             |  |                                         |              |             |             |            |             |                     |

----

Table of Contents

|                                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |                 |               |               |              |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|------------------------------------|--|------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|-----------------|--------------|---------------|---------------------|-----------------|---------------|---------------|--------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)   |  | Type ofInvestment                  |  | Interest Rate (19)           |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |                 | Fair Value   |               | Percent ofNetAssets |
| Pye-Barker Fire & Safety, LLC             |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Business Services                             |  | First lien (3)(15)(18) - Drawn     |  | 6.25% (L + 5.50%/Q)      |  | 11/26/2021 |  | 11/26/2027          |  | $                                       | 2,394   |              |                 | $            | 2,370    |                     |                 | $             | 2,394    |              |   | 0.18  | % |
| Education Management Corporation (20)         |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Education Management II LLC                   |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Education                                     |  | First lien (2)                     |  | 13.00% (L + 7.50%/M)(41) |  | 1/5/2015   |  | 7/2/2020            |  | 300                                |              |              | 292        |              |               | —        |                 |               |               |
|                                               |  | First lien (3)                     |  | 13.00% (L + 7.50%/M)(41) |  | 1/5/2015   |  | 7/2/2020            |  | 169                                |              |              | 165        |              |               | —        |                 |               |               |
|                                               |  | First lien (2)                     |  | 9.75% (L + 6.50%/Q)(41)  |  | 1/5/2015   |  | 7/2/2020            |  | 206                                |              |              | 201        |              |               | —        |                 |               |               |
|                                               |  | First lien (3)                     |  | 9.75% (L + 6.50%/Q)(41)  |  | 1/5/2015   |  | 7/2/2020            |  | 116                                |              |              | 113        |              |               | —        |                 |               |               |
|                                               |  | First lien (2)                     |  | 11.75% (P + 8.50%/M)(41) |  | 1/5/2015   |  | 7/2/2020            |  | 140                                |              |              | 116        |              |               | —        |                 |               |               |
|                                               |  | First lien (3)                     |  | 11.75% (P + 8.50%/M)(41) |  | 1/5/2015   |  | 7/2/2020            |  | 79                                 |              |              | 65         |              |               | —        |                 |               |               |
|                                               |  | First lien (2)                     |  | 11.75% (P + 8.50%/M)(41) |  | 1/5/2015   |  | 7/2/2020            |  | 4                                  |              |              | 3          |              |               | —        |                 |               |               |
|                                               |  | First lien (3)                     |  | 11.75% (P + 8.50%/M)(41) |  | 1/5/2015   |  | 7/2/2020            |  | 2                                  |              |              | 2          |              |               | —        |                 |               |               |
|                                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              | 957     |                 |              | —  |                     |                 | —  | %             |
| PPVA Fund, L.P.                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Business Services                             |  | Collateralized Financing (41)(42)  |  | —                      |  | 11/7/2014  |  | —                     |  | —                            |              |              | —    |              |               | —        |                 |               | —  | %            |
| Total Funded Debt Investments - United States |  |                                    |  |                              |  |                    |  |                             |  |                                         |              | $            | 2,042,136  |              |               | $                   | 2,003,901  |               |               | 149.25  | % |
| Funded Debt Investments - Netherlands         |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Tahoe Finco, LLC**                            |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Information Technology                        |  | First lien (2)(15)                 |  | 6.75% (L + 6.00%/Q)      |  | 10/1/2021  |  | 9/29/2028           |  | $                                       | 35,000  |              |                 | $            | 34,660   |                     |                 | $             | 34,650   |              |   |            |
|                                               |  | First lien (8)(15)                 |  | 6.75% (L + 6.00%/Q)      |  | 10/1/2021  |  | 9/29/2028           |  | 24,189                             |              |              | 23,954     |              |               | 23,947         |                 |               |               |
|                                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              | 58,614  |                 |              | 58,597   |                     |                 | 4.36     | %             |
| Total Funded Debt Investments - Netherlands   |  |                                    |  |                              |  |                    |  |                             |  |                                         |              | $            | 58,614     |              |               | $                   | 58,597     |               |               | 4.36    | % |
| Funded Debt Investments - Jersey              |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Tennessee Bidco Limited **                    |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
| Business Services                             |  | First lien (3)(15)(16)             |  | 7.47% (Sonia + 7.00%/D)  |  | 8/6/2021   |  | 8/3/2028            |  | £                                  | 12,879  |              |                 | $            | 17,608   |                     |                 | $             | 17,167   |              |   |            |
|                                               |  | First lien (3)(15)                 |  | 7.15% (L + 7.00%/S)      |  | 8/6/2021   |  | 8/3/2028            |  | $                                       | 10,184  |              |                 | 10,037  |               |                     | 10,032     |               |               |              |
|                                               |  | First lien (3)(15)(16)(18) - Drawn |  | 7.47% (Sonia + 7.00%/D)  |  | 8/6/2021   |  | 8/3/2028            |  | £                                  | 3,771   |              |                 | 4,943   |               |                     | 4,976      |               |               |              |
|                                               |  | First lien (3)(15)(18) - Drawn     |  | 7.29% (L + 7.00%/S)      |  | 8/6/2021   |  | 8/3/2028            |  | $                                       | 3,708   |              |                 | 3,652   |               |                     | 3,652      |               |               |              |
|                                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              | 36,240  |                 |              | 35,827   |                     |                 | 2.67     | %             |
| Total Funded Debt Investments - Jersey        |  |                                    |  |                              |  |                    |  |                             |  |                                         |              | $            | 36,240     |              |               | $                   | 35,827     |               |               | 2.67    | % |
|                                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |
|                                               |  |                                    |  |                              |  |                    |  |                             |  |                                         |              |              |                 |              |               |                     |

----

Table of Contents

|                                                      |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |                 |              |              |              |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------|--|---------------------------|--|-------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|-----------------|--------------|--------------|---------------------|-----------------|--------------|--------------|--------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)          |  | Type ofInvestment         |  | Interest Rate (19)      |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |                 | Fair Value   |              | Percent ofNetAssets |
| Funded Debt Investments - United Kingdom             |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Aston FinCo S.a r.l. / Aston US Finco, LLC**     |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Software                                             |  | Second lien (8)(15)       |  | 8.35% (L + 8.25%/M) |  | 10/8/2019  |  | 10/8/2027           |  | $                                       | 34,459  |              |                 | $            | 34,241  |                     |                 | $            | 34,459  |              |            | 2.57  | % |
| Total Funded Debt Investments - United Kingdom       |  |                           |  |                         |  |                    |  |                             |  |                                         |              | $            | 34,241     |              |              | $                   | 34,459     |              |              | 2.57    | %          |
| Funded Debt Investments - United Arab Emirates       |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| GEMS Menasa (Cayman) Limited**                       |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Education                                            |  | First lien (8)            |  | 6.00% (L + 5.00%/S) |  | 7/30/2019  |  | 7/31/2026           |  | $                                       | 10,534  |              |                 | $            | 10,496  |                     |                 | $            | 10,589  |              |            | 0.79  | % |
| Total Funded Debt Investments - United Arab Emirates |  |                           |  |                         |  |                    |  |                             |  |                                         |              | $            | 10,496     |              |              | $                   | 10,589     |              |              | 0.79    | %          |
| Total Funded Debt Investments                        |  |                           |  |                         |  |                    |  |                             |  |                                         |              | $            | 2,181,727  |              |              | $                   | 2,143,373  |              |              | 159.64  | %          |
| Equity - United States                               |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Dealer Tire Holdings, LLC (30)                       |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Distribution & Logistics                         |  | Preferred shares (3)(15)  |  | —                 |  | 9/13/2021  |  | —                     |  | 56,271                             |              |              | $               | 60,360  |              |                     | $               | 60,180  |              |              | 4.48  | %          |
| Symplr Software Intermediate Holdings, Inc. (31)     |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Healthcare Information Technology                    |  | Preferred shares (4)(15)  |  | —                 |  | 11/30/2018 |  | —                     |  | 7,500                              |              |              | 10,607     |              |              | 10,719         |                 |              |              |
|                                                      |  | Preferred shares (3)(15)  |  | —                 |  | 11/30/2018 |  | —                     |  | 2,586                              |              |              | 3,657      |              |              | 3,695          |                 |              |              |
|                                                      |  |                           |  |                         |  |                    |  |                             |  |                                         |              | 14,264  |                 |              | 14,414  |                     |                 | 1.08    | %            |
| ACI Parent Inc. (36)                                 |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Healthcare Services                                  |  | Preferred shares (3)(15)  |  | —                 |  | 8/2/2021   |  | —                     |  | 12,500                             |              |              | 12,994     |              |              | 12,989         |                 |              | 0.97    | %            |
| Project Essential Super Parent, Inc. (34)            |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Software                                             |  | Preferred shares (3)(15)  |  | —                 |  | 4/20/2021  |  | —                     |  | 10,000                             |              |              | 10,597     |              |              | 10,586         |                 |              | 0.79    | %            |
| Diamond Parent Holdings Corp. (35)                   |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Diligent Preferred Issuer, Inc.                      |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Software                                             |  | Preferred shares (3)(15)  |  | —                 |  | 4/6/2021   |  | —                     |  | 10,000                             |              |              | 10,386     |              |              | 10,379         |                 |              | 0.77    | %            |
| OEC Holdco, LLC (22)                                 |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Business Services                                    |  | Preferred shares (12)     |  | —                 |  | 12/17/2021 |  | —                     |  | 7,214                              |              |              | 7,142      |              |              | 7,142          |                 |              | 0.53    | %            |
| FS WhiteWater Holdings, LLC (38)                     |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Consumer Services                                    |  | Ordinary shares (5)       |  | —                 |  | 12/20/2021 |  | —                     |  | 50,000                             |              |              | 5,000      |              |              | 5,000          |                 |              | 0.37    | %            |
| HB Wealth Management, LLC (37)**                     |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Financial Services                                   |  | Preferred shares (11)(15) |  | —                 |  | 9/30/2021  |  | —                     |  | 48,303                             |              |              | 4,834      |              |              | 4,834          |                 |              | 0.36    | %            |
| Appriss Health Holdings, Inc. (23)                   |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Appriss Health Intermediate Holdings, Inc.           |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Healthcare Information Technology                    |  | Preferred shares (3)(15)  |  | —                 |  | 5/6/2021   |  | —                     |  | 2,333                              |              |              | 2,468      |              |              | 2,466          |                 |              | 0.18    | %            |
| OA Topco, L.P. (40)                                  |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
| Healthcare Information Technology                    |  | Ordinary shares (3)       |  | —                 |  | 12/20/2021 |  | —                     |  | 2,000,000                          |              |              | 2,000      |              |              | 2,000          |                 |              | 0.15    | %            |
|                                                      |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |
|                                                      |  |                           |  |                         |  |                    |  |                             |  |                                         |              |              |                 |              |              |                     |

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Table of Contents

|                                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |                 |               |               |              |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|-------------|-----------|-----------------|-------------|---------------|---------------------|-----------------|---------------|---------------|--------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)              |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |             | Cost      |                 | Fair Value  |               | Percent ofNetAssets |
| Pioneer Topco I, L.P. (39)                               |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Software                                                 |  | Ordinary shares (13)(15)         |  | —            |  | 11/1/2021  |  | —                     |  | 199,980                            |             |           | $               | 2,000  |               |                     | $               | 2,000    |               |              | 0.15  | %             |
| Ancora Acquisition LLC                                   |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Education                                                |  | Preferred shares (9)(15)         |  | —            |  | 8/12/2013  |  | —                     |  | 372                                |             |           | 83         |             |               | 158            |                 |               | 0.01     | %            |
| Education Management Corporation (20)                    |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Education                                                |  | Preferred shares (2)             |  | —            |  | 1/5/2015   |  | —                     |  | 3,331                              |             |           | 200        |             |               | —        |                 |               |               |
|                                                          |  | Preferred shares (3)             |  | —            |  | 1/5/2015   |  | —                     |  | 1,879                              |             |           | 113        |             |               | —        |                 |               |               |
|                                                          |  | Ordinary shares (2)              |  | —            |  | 1/5/2015   |  | —                     |  | 2,994,065                          |             |           | 100        |             |               | —        |                 |               |               |
|                                                          |  | Ordinary shares (3)              |  | —            |  | 1/5/2015   |  | —                     |  | 1,688,976                          |             |           | 56         |             |               | —        |                 |               |               |
|                                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | 469  |                 |             | —  |                     |                 | —  | %             |
| AAC Lender Holdings, LLC (33)                            |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Education                                                |  | Ordinary shares (3)(15)          |  | —            |  | 3/16/2021  |  | —                     |  | 758                                |             |           | —    |             |               | —        |                 |               | —  | %            |
| Total Shares - United States                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $         | 132,597    |             |               | $                   | 132,148    |               |               | 9.84    | %          |
| Equity - Hong Kong                                       |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Bach Special Limited (Bach Preference Limited)**         |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Education                                                |  | Preferred shares (3)(15)(29)     |  | —            |  | 9/1/2017   |  | —                     |  | 96,052                             |             |           | $               | 9,525  |               |                     | $               | 9,701    |               |              | 0.72  | %             |
| Total Shares - Hong Kong                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $         | 9,525      |             |               | $                   | 9,701      |               |               | 0.72    | %          |
| Total Shares                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $         | 142,122    |             |               | $                   | 141,849    |               |               | 10.56   | %          |
| Total Funded Investments                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $         | 2,323,849  |             |               | $                   | 2,285,222  |               |               | 170.20  | %          |
| Unfunded Debt Investments - United States                |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| AAC Lender Holdings, LLC (33)                            |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| American Achievement Corporation (aka AAC Holding Corp.) |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Education                                                |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/25/2021  |  | 9/30/2026           |  | $                                       | 2,652  |           |                 | $           | —  |                     |                 | $             | —  |              |            | —  | % |
| Bluefin Holding, LLC                                     |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Software                                                 |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/6/2019   |  | 9/6/2024            |  | 30                                 |             |           | —    |             |               | —        |                 |               | —  | %            |
| Wealth Enhancement Group, LLC**                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Financial Services                                       |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/13/2021  |  | 10/4/2027           |  | 678                                |             |           | (2)             |             |               | —        |                 |               |               |
|                                                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/13/2021  |  | 6/3/2022            |  | 8,257                              |             |           | —    |             |               | —        |                 |               |               |
|                                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (2)       |                 |             | —  |                     |                 | —  | %             |
| AgKnowledge Holdings Company, Inc.                       |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
| Business Services                                        |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/30/2018 |  | 7/21/2023           |  | 526                                |             |           | (3)             |             |               | —        |                 |               | —  | %            |
|                                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |
|                                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |           |                 |             |               |                     |

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Table of Contents

|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |  |               |               |   |  |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|-------------|------|---------------|------------|---------------|---------------------|--|---------------|---------------|---|--|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                 |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |             | Cost |               | Fair Value |               | Percent ofNetAssets |
| Community Brands ParentCo, LLC (f.k.a Ministry Brands, LLC) |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/7/2016  |  | 12/2/2022           |  | $                                       | 1,000  |      |               | $          | (5)           |                     |  | $             | —  |   |  | —  | % |
| Coyote Buyer, LLC                                           |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Specialty Chemicals & Materials                         |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 3/13/2020  |  | 2/6/2025            |  | 1,013                              |             |      | (5)           |            |               | —        |  |               | —  | % |
| Pye-Barker Fire & Safety, LLC                           |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Business Services                                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/26/2021 |  | 11/26/2023          |  | 2,810                              |             |      | —  |            |               | —        |  |               |               |
|                                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/26/2021 |  | 11/26/2024          |  | 905                                |             |      | (9)           |            |               | —        |  |               |               |
|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (9)  |               |            | —  |                     |  | —  | %             |
| Xactly Corporation                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/31/2017  |  | 7/31/2023           |  | 992                                |             |      | (10)          |            |               | —        |  |               | —  | % |
| MRI Software LLC                                            |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                                    |  | First lien (2)(15)(18) - Undrawn |  | —            |  | 3/24/2021  |  | 3/24/2022           |  | 9,364                              |             |      | —  |            |               | —        |  |               |               |
|                                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/31/2020  |  | 2/10/2026           |  | 2,002                              |             |      | (10)          |            |               | —        |  |               |               |
|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (10) |               |            | —  |                     |  | —  | %             |
| Bullhorn, Inc.                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/5/2021  |  | 11/8/2022           |  | 2,395                              |             |      | (6)           |            |               | —        |  |               |               |
|                                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/24/2019  |  | 9/30/2026           |  | 852                                |             |      | (6)           |            |               | —        |  |               |               |
|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (12) |               |            | —  |                     |  | —  | %             |
| Diamond Parent Holdings Corp. (35)                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Diligent Corporation                                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 3/30/2021  |  | 8/4/2025            |  | 3,624                              |             |      | (18)          |            |               | —        |  |               | —  | % |
| GS Acquisitionco, Inc.                                      |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/7/2019   |  | 5/22/2026           |  | 3,106                              |             |      | (19)          |            |               | —        |  |               | —  | % |
| YLG Holdings, Inc.                                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Business Services                                           |  | First lien (5)(15)(18) - Undrawn |  | —            |  | 10/22/2021 |  | 10/22/2023          |  | 2,078                              |             |      | —  |            |               | —        |  |               |               |
|                                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/1/2019  |  | 10/31/2025          |  | 3,968                              |             |      | (20)          |            |               | —        |  |               |               |
|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (20) |               |            | —  |                     |  | —  | %             |
|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
|                                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |

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Table of Contents

|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |  |               |               |  |  |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|-------------|------|---------------|------------|---------------|---------------------|--|---------------|---------------|--|--|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1) |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |             | Cost |               | Fair Value |               | Percent ofNetAssets |
| Apptio, Inc.                                |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/10/2019  |  | 1/10/2025           |  | $                                       | 1,240  |      |               | $          | (25)          |                     |  | $             | —  |  |  | —  | % |
| GC Waves Holdings, Inc.**                   |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Financial Services                          |  | First lien (2)(15)(18) - Undrawn |  | —            |  | 8/13/2021  |  | 8/11/2023           |  | 4,991                              |             |      | —  |            |               | —        |  |               |               |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/31/2019 |  | 10/31/2025          |  | 3,951                              |             |      | (30)          |            |               | —        |  |               |               |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (30) |               |            | —  |                     |  | —  | %             |
| Kaseya Inc.                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/8/2021   |  | 9/8/2023            |  | 2,129                              |             |      | (19)          |            |               | —        |  |               |               |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 5/9/2019   |  | 5/2/2025            |  | 2,312                              |             |      | (23)          |            |               | —        |  |               |               |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (42) |               |            | —  |                     |  | —  | %             |
| CG Group Holdings, LLC                      |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Specialty Chemicals & Materials         |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/19/2021  |  | 7/19/2026           |  | 226                                |             |      | (3)           |            |               | (3)                 |  |               | (0.00) %      |
| Recorded Future, Inc.                       |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(18) - Undrawn     |  | —            |  | 8/26/2019  |  | 7/3/2025            |  | 750                                |             |      | (4)           |            |               | (4)                 |  |               | (0.00) %      |
| KPSKY Acquisition Inc.                      |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Industrial Services                         |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/19/2021 |  | 10/19/2023          |  | 403                                |             |      | —  |            |               | (4)                 |  |               | (0.00) %      |
| Appriss Health Holdings, Inc. (23)          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Appriss Health, LLC                         |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Healthcare Information Technology           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 5/6/2021   |  | 5/6/2027            |  | 417                                |             |      | (4)           |            |               | (4)                 |  |               | (0.00) %      |
| Kele Holdco, Inc.                           |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Distribution & Logistics                |  | First lien (3)(18) - Undrawn     |  | —            |  | 2/20/2020  |  | 2/20/2026           |  | 1,169                              |             |      | (6)           |            |               | (6)                 |  |               | (0.00) %      |
| USRP Holdings, Inc.                         |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Federal Services                            |  | First lien (3)(18) - Undrawn     |  | —            |  | 7/22/2021  |  | 7/23/2027           |  | 878                                |             |      | (9)           |            |               | (9)                 |  |               | (0.00) %      |
| Safety Borrower Holdings LLC                |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Information Services                        |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/1/2021   |  | 9/1/2027            |  | 512                                |             |      | (3)           |            |               | (3)                 |  |               |               |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/1/2021   |  | 9/1/2022            |  | 1,279                              |             |      | —  |            |               | (6)                 |  |               |               |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (3)  |               |            | (9)           |                     |  | (0.00) %      |
| Calabrio, Inc.                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 4/16/2021  |  | 4/16/2027           |  | 1,487                              |             |      | (11)          |            |               | (9)                 |  |               | (0.00) %      |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |

----

Table of Contents

|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |  |          |          |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|-------------|------|---------------|------------|---------------|---------------------|--|----------|----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1) |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |             | Cost |               | Fair Value |               | Percent ofNetAssets |
| DCA Investment Holding, LLC                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Healthcare Services                         |  | First lien (3)(18) - Undrawn     |  | —            |  | 3/12/2021  |  | 3/10/2023           |  | $                                       | 3,005  |      |               | $          | —  |                     |  | $        | (11)     |  |  | (0.00) % |
| IG Investments Holdings, LLC                |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Business Services                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/22/2021  |  | 9/22/2027           |  | 1,149                              |             |      | (11)          |            |               | (11)                |  |          | (0.00) % |
| Notorious Topco, LLC                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Consumer Products                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/23/2021 |  | 5/24/2027           |  | 734                                |             |      | (6)           |            |               | (6)                 |  |          |          |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/23/2021 |  | 11/23/2023          |  | 1,467                              |             |      | —  |            |               | (11)                |  |          |          |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (6)  |               |            | (17)          |                     |  | (0.00) % |
| Associations, Inc.                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Consumer Services                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/2/2021   |  | 7/2/2027            |  | 3,543                              |             |      | (18)          |            |               | (18)                |  |          | (0.00) % |
| Specialtycare, Inc.                         |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Healthcare Services                         |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/18/2021  |  | 6/18/2026           |  | 559                                |             |      | (8)           |            |               | (8)                 |  |          |          |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/18/2021  |  | 6/18/2023           |  | 671                                |             |      | —  |            |               | (10)                |  |          |          |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (8)  |               |            | (18)          |                     |  | (0.00) % |
| Sun Acquirer Corp.                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Consumer Services                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/8/2021   |  | 9/8/2027            |  | 559                                |             |      | (5)           |            |               | (6)                 |  |          |          |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/8/2021   |  | 9/8/2023            |  | 1,378                              |             |      | (10)          |            |               | (14)                |  |          |          |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (15) |               |            | (20)          |                     |  | (0.00) % |
| Pioneer Topco I, L.P. (39)                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Pioneer Buyer I, LLC                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 11/1/2021  |  | 11/1/2027           |  | 2,446                              |             |      | (24)          |            |               | (24)                |  |          | (0.00) % |
| Daxko Acquisition Corporation               |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/15/2027          |  | 986                                |             |      | (10)          |            |               | (10)                |  |          |          |
|                                             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/16/2023          |  | 1,638                              |             |      | —  |            |               | (16)                |  |          |          |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (10) |               |            | (26)          |                     |  | (0.00) % |
| Infogain Corporation                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Software                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 7/30/2021  |  | 7/30/2026           |  | 3,827                              |             |      | (29)          |            |               | (29)                |  |          | (0.00) % |
| OA Topco, L.P.  (40)                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| OA Buyer, Inc.                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
| Healthcare Information Technology           |  | First lien (3)(18) - Undrawn     |  | —            |  | 12/20/2021 |  | 12/20/2028          |  | 3,600                              |             |      | (36)          |            |               | (36)                |  |          | (0.00) % |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |               |                     |

----

Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |  |          |      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|-------------|------|---------------|------------|-------|---------------------|--|----------|------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)  |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |             | Cost |               | Fair Value |       | Percent ofNetAssets |
| Granicus, Inc.                               |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Software                                     |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 1/27/2021  |  | 1/29/2027           |  | $                                       | 2,414  |      |               | $          | (18)  |                     |  | $        | (18) |  |  |  |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 4/23/2021  |  | 4/21/2023           |  | 1,822                              |             |      | —  |            |       | (18)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (18) |               |            | (36)  |                     |  | (0.00) % |
| Trinity Air Consultants Holdings Corporation |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Business Services                            |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/30/2021  |  | 6/29/2027           |  | 300                                |             |      | (3)           |            |       | (3)                 |  |          |      |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 6/30/2021  |  | 6/29/2023           |  | 5,252                              |             |      | —  |            |       | (53)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (3)  |               |            | (56)  |                     |  | (0.01)   | %    |
| Galway Borrower LLC                          |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Insurance Services                           |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/30/2021  |  | 9/30/2027           |  | 1,865                              |             |      | (19)          |            |       | (19)                |  |          |      |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 9/30/2021  |  | 9/29/2023           |  | 3,917                              |             |      | —  |            |       | (39)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (19) |               |            | (58)  |                     |  | (0.01)   | %    |
| FS WhiteWater Holdings, LLC (38)             |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| FS WhiteWater Borrower, LLC                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Consumer Services                            |  | First lien (5)(18) - Undrawn     |  | —            |  | 12/20/2021 |  | 12/21/2022          |  | 882                                |             |      | —  |            |       | (9)                 |  |          |      |
|                                              |  | First lien (3)(18) - Undrawn     |  | —            |  | 12/20/2021 |  | 12/21/2027          |  | 1,400                              |             |      | (14)          |            |       | (14)                |  |          |      |
|                                              |  | First lien (5)(18) - Undrawn     |  | —            |  | 12/20/2021 |  | 12/21/2023          |  | 3,500                              |             |      | —  |            |       | (35)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (14) |               |            | (58)  |                     |  | (0.01)   | %    |
| ACI Parent Inc.  (36)                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| ACI Group Holdings, Inc.                     |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Healthcare Services                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/2/2021   |  | 8/2/2027            |  | 2,354                              |             |      | (24)          |            |       | (24)                |  |          |      |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/2/2021   |  | 8/2/2023            |  | 8,180                              |             |      | —  |            |       | (82)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (24) |               |            | (106) |                     |  | (0.01)   | %    |
| Fortis Solutions Group, LLC                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Packaging                                    |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/15/2027          |  | 2,861                              |             |      | (29)          |            |       | (29)                |  |          |      |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/15/2021 |  | 10/13/2023          |  | 8,343                              |             |      | —  |            |       | (83)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (29) |               |            | (112) |                     |  | (0.01)   | %    |
| Deca Dental Holdings LLC                     |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
| Healthcare Services                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/26/2021  |  | 8/26/2027           |  | 3,027                              |             |      | (30)          |            |       | (30)                |  |          |      |
|                                              |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 8/26/2021  |  | 8/28/2023           |  | 9,080                              |             |      | —  |            |       | (91)                |  |          |      |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | (30) |               |            | (121) |                     |  | (0.01)   | %    |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |
|                                              |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |               |            |       |                     |

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Table of Contents

|                                                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |                 |               |               |              |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--|--------------------------------------|--|------------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|---------------|-----------------|------------|---------------|---------------------|-----------------|---------------|---------------|--------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)         |  | Type ofInvestment                    |  | Interest Rate (19)                 |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost          |                 | Fair Value |               | Percent ofNetAssets |
| NMC Crimson Holdings, Inc.                          |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Healthcare Services                                 |  | First lien (3)(15)(18) - Undrawn     |  | —                            |  | 3/1/2021   |  | 3/1/2023            |  | $                                       | 10,664  |               |                 | $          | —  |                     |                 | $             | (160)         |              |   | (0.01)     | % |
| Paw Midco, Inc.                                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| AAH Topco, LLC                                      |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Consumer Services                                   |  | First lien (3)(18) - Undrawn         |  | —                            |  | 12/22/2021 |  | 12/22/2027          |  | 3,659                              |              |               | (37)            |            |               | (37)                |                 |               |               |
|                                                     |  | First lien (3)(18) - Undrawn         |  | —                            |  | 12/22/2021 |  | 12/22/2023          |  | 25,420                             |              |               | —    |            |               | (254)               |                 |               |               |
|                                                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | (37)          |                 |            | (291)         |                     |                 | (0.02)        | %             |
| Total Unfunded Debt Investments - United States     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | $             | (581)           |            |               | $                   | (1,256)         |               |               | (0.09)       | % |
| Unfunded Debt Investments - Jersey                  |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Tennessee Bidco Limited**                           |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Business Services                                   |  | First lien (3)(15)(16)(18) - Undrawn |  | —                            |  | 8/6/2021   |  | 7/9/2023            |  | £                                  | 9,521   |               |                 | $          | —  |                     |                 | $             | (143)         |              |   | (0.01)     | % |
| Total Unfunded Debt Investments - Jersey            |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | $             | —    |            |               | $                   | (143)           |               |               | (0.01)       | % |
| Unfunded Debt Investments - Netherlands             |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Tahoe Finco, LLC**                                  |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Information Technology                              |  | First lien (3)(15)(18) - Undrawn     |  | —                            |  | 10/1/2021  |  | 10/1/2027           |  | $                                       | 4,439   |               |                 | $          | (44)          |                     |                 | $             | (44)          |              |   | (0.00) %   |
| Total Unfunded Debt Investments - Netherlands       |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | $             | (44)            |            |               | $                   | (44)            |               |               | (0.00) %     |
| Total Unfunded Debt Investments                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | $             | (625)           |            |               | $                   | (1,443)         |               |               | (0.10)       | % |
| Total Non-Controlled/Non-Affiliated Investments |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | $             | 2,323,224  |            |               | $                   | 2,283,779  |               |               | 170.10  | % |
| Non-Controlled/Affiliated Investments (43)      |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Funded Debt Investments - United States             |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| TVG-Edmentum Holdings, LLC (24)                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Edmentum Ultimate Holdings, LLC                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Education                                           |  | Subordinated (3)(15)                 |  | 13.00% (6.50% + 6.50%/PIK)*    |  | 12/11/2020 |  | 1/26/2027           |  | $                                       | 15,434  |               |                 | $          | 15,302   |                     |                 | $             | 15,841   |              |   | 1.18  | % |
| Sierra Hamilton Holdings Corporation                |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Energy                                              |  | Second lien (3)(15)                  |  | 15.00% PIK/Q(41)*              |  | 9/12/2019  |  | 9/12/2023           |  | 5                                  |              |               | 5          |            |               | —        |                 |               | —  | %            |
| Permian Holdco 3, Inc.                              |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Permian Trust                                       |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
| Energy                                              |  | First lien (10)(15)                  |  | 10.00% PIK/Q(41)*              |  | 3/30/2021  |  | —                     |  | 247                                |              |               | —    |            |               | —        |                 |               |               |
|                                                     |  | First lien (3)(15)                   |  | 11.00% (L + 10.00% PIK/M)(41)* |  | 7/23/2020  |  | —                     |  | 3,409                              |              |               | —    |            |               | —        |                 |               |               |
|                                                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | —  |                 |            | —  |                     |                 | —  | %             |
| Total Funded Debt Investments - United States       |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              | $             | 15,307     |            |               | $                   | 15,841     |               |               | 1.18    | % |
|                                                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |
|                                                     |  |                                      |  |                                    |  |                    |  |                             |  |                                         |              |               |                 |            |               |                     |

----

Table of Contents

|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |               |               |              |             |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|-------------------------|--|---------------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--------------|--------------|--------------|--------------|--------------|---------------------|---------------|---------------|--------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)     |  | Type ofInvestment       |  | Interest Rate (19)                    |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |              | Cost         |              | Fair Value   |              | Percent ofNetAssets |
| Equity - United States                          |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| TVG-Edmentum Holdings, LLC (24)                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Education                                       |  | Ordinary shares (3)(15) |  | —                               |  | 12/11/2020 |  | —                     |  | 48,899                             |              |              | $            | 52,711  |              |                     | $             | 114,934  |              |             | 8.56  | % |
| Sierra Hamilton Holdings Corporation            |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Energy                                          |  | Ordinary shares (2)(15) |  | —                               |  | 7/31/2017  |  | —                     |  | 25,000,000                         |              |              | 11,501  |              |              | 3,599          |               |               |              |
|                                                 |  | Ordinary shares (3)(15) |  | —                               |  | 7/31/2017  |  | —                     |  | 2,786,000                          |              |              | 1,282   |              |              | 401            |               |               |              |
|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              | 12,783  |              |              | 4,000   |                     |               | 0.30     | %            |
| Total Shares - United States                    |  |                         |  |                                       |  |                    |  |                             |  |                                         |              | $            | 65,494  |              |              | $                   | 118,934  |               |              | 8.86   | %          |
| Total Non-Controlled/Affiliated Investments |  |                         |  |                                       |  |                    |  |                             |  |                                         |              | $            | 80,801  |              |              | $                   | 134,775  |               |              | 10.04  | %          |
| Controlled Investments (44)                     |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Funded Debt Investments - United States         |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| New Benevis Topco, LLC (32)                     |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| New Benevis Holdco, Inc.                        |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Healthcare Services                             |  | First lien (2)(15)      |  | 10.50% (L + 2.50% + 7.00% PIK/Q)* |  | 10/6/2020  |  | 4/7/2025            |  | $                                       | 33,133  |              |              | $            | 33,133  |                     |               | $             | 33,133  |             |            |   |
|                                                 |  | First lien (8)(15)      |  | 10.50% (L + 2.50% + 7.00% PIK/Q)* |  | 10/6/2020  |  | 4/7/2025            |  | 8,129                              |              |              | 8,129   |              |              | 8,129          |               |               |              |
|                                                 |  | First lien (3)(15)      |  | 10.50% (L + 2.50% + 7.00% PIK/Q)* |  | 10/6/2020  |  | 4/7/2025            |  | 3,992                              |              |              | 3,992   |              |              | 3,992          |               |               |              |
|                                                 |  | Subordinated (3)(15)    |  | 12.00% PIK/M*                     |  | 10/6/2020  |  | 10/6/2025           |  | 16,556                             |              |              | 14,250  |              |              | 13,603         |               |               |              |
|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              | 59,504  |              |              | 58,857  |                     |               | 4.39     | %            |
| UniTek Global Services, Inc.                    |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Business Services                               |  | First lien (2)(15)      |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024           |  | 12,643                             |              |              | 12,643  |              |              | 12,643         |               |               |              |
|                                                 |  | First lien (3)(15)      |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 3/16/2020  |  | 8/20/2024           |  | 9,363                              |              |              | 8,628   |              |              | 9,363          |               |               |              |
|                                                 |  | First lien (2)(15)      |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024           |  | 2,528                              |              |              | 2,528   |              |              | 2,528          |               |               |              |
|                                                 |  | First lien (3)(15)      |  | 8.50% (L + 5.50% + 2.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024           |  | 1,354                              |              |              | 1,208   |              |              | 1,354          |               |               |              |
|                                                 |  | Second lien (3)(15)     |  | 15.00% PIK/Q*                     |  | 12/16/2020 |  | 2/20/2025           |  | 9,970                              |              |              | 9,970   |              |              | 9,970          |               |               |              |
|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              | 34,977  |              |              | 35,858  |                     |               | 2.67     | %            |
| Tenawa Resource Holdings LLC (21)               |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Tenawa Resource Management LLC                  |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
| Specialty Chemicals & Materials             |  | First lien (3)(15)      |  | 14.00% PIK/Q*                     |  | 12/17/2021 |  | 10/30/2026          |  | 31,624                             |              |              | 18,821  |              |              | 18,821         |               |               |              |
|                                                 |  | First lien (3)(15)      |  | 10.50% (L + 8.50%/Q)              |  | 12/17/2021 |  | 10/30/2026          |  | 16,000                             |              |              | 16,000  |              |              | 16,000         |               |               |              |
|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              | 34,821  |              |              | 34,821  |                     |               | 2.59     | %            |
|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |
|                                                 |  |                         |  |                                       |  |                    |  |                             |  |                                         |              |              |              |              |              |                     |

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Table of Contents

|                                               |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |               |               |            |             |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|--------------------------------|--|-------------------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--|--------------|---------------|---------------|--------------|---------------------|---------------|---------------|------------|-------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)   |  | Type ofInvestment              |  | Interest Rate (19)            |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |  | Cost         |               | Fair Value    |              | Percent ofNetAssets |
| NHME Holdings Corp. (28)                      |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| National HME, Inc.                            |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Healthcare Services                           |  | Second lien (3)(15)            |  | 12.00% PIK/Q*             |  | 11/27/2018 |  | 5/27/2024           |  | 21,016                             |  |              | $             | 18,816   |              |                     | $             | 13,030   |            |             |             |
|                                               |  | Second lien (3)(15)            |  | 12.00% PIK/Q*             |  | 11/27/2018 |  | 5/27/2024           |  | 15,148                             |  |              | 14,621   |               |              | 11,817         |               |               |            |
|                                               |  |                                |  |                               |  |                    |  |                             |  |                                         |  | 33,437  |               |               | 24,847  |                     |               | 1.85     | %          |
| New Permian Holdco, Inc.                      |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| New Permian Holdco, L.L.C.                    |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Energy                                        |  | First lien (3)(15)             |  | 18.00% PIK/M*             |  | 10/30/2020 |  | 12/31/2024          |  | 18,216                             |  |              | 18,216   |               |              | 18,216         |               |               |            |
|                                               |  | First lien (3)(15)(18) - Drawn |  | 10.00% (L + 9.00% PIK/M)* |  | 10/30/2020 |  | 12/31/2024          |  | 5,543                              |  |              | 5,543    |               |              | 5,543          |               |               |            |
|                                               |  |                                |  |                               |  |                    |  |                             |  |                                         |  | 23,759  |               |               | 23,759  |                     |               | 1.77     | %          |
| Total Funded Debt Investments - United States |  |                                |  |                               |  |                    |  |                             |  |                                         |  | $            | 186,498  |               |              | $                   | 178,142  |               |            | 13.27  | %           |
| Equity - United States                        |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| NMFC Senior Loan Program III LLC**            |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Investment Fund                               |  | Membership interest (3)(15)    |  | —                       |  | 5/4/2018   |  | —                     |  | —                            |  |              | $             | 140,000  |              |                     | $             | 140,000  |            |             | 10.43  | % |
| NMFC Senior Loan Program IV LLC**             |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Investment Fund                               |  | Membership interest (3)(15)    |  | —                       |  | 5/5/2021   |  | —                     |  | —                            |  |              | 112,400  |               |              | 112,400        |               |               | 8.37  | %           |
| NM NL Holdings, L.P.**                        |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Net Lease                                     |  | Membership interest (7)(15)    |  | —                       |  | 6/20/2018  |  | —                     |  | —                            |  |              | 87,203   |               |              | 107,870        |               |               | 8.03  | %           |
| New Benevis Topco, LLC (32)                   |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Healthcare Services                           |  | Ordinary shares (2)(15)        |  | —                       |  | 10/6/2020  |  | —                     |  | 269,027                            |  |              | 27,154   |               |              | 34,548         |               |               |            |
|                                               |  | Ordinary shares (8)(15)        |  | —                       |  | 10/6/2020  |  | —                     |  | 66,007                             |  |              | 6,662    |               |              | 8,476          |               |               |            |
|                                               |  | Ordinary shares (3)(15)        |  | —                       |  | 10/6/2020  |  | —                     |  | 60,068                             |  |              | 6,105    |               |              | 7,714          |               |               |            |
|                                               |  |                                |  |                               |  |                    |  |                             |  |                                         |  | 39,921  |               |               | 50,738  |                     |               | 3.78     | %          |
| NM GLCR LP                                    |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Net Lease                                     |  | Membership interest (7)(15)    |  | —                       |  | 2/1/2018   |  | —                     |  | —                            |  |              | 14,750   |               |              | 50,687         |               |               | 3.77  | %           |
| NM CLFX LP                                    |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
| Net Lease                                     |  | Membership interest (7)(15)    |  | —                       |  | 10/6/2017  |  | —                     |  | —                            |  |              | 12,538   |               |              | 24,676         |               |               | 1.84  | %           |
|                                               |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |
|                                               |  |                                |  |                               |  |                    |  |                             |  |                                         |  |              |               |               |              |                     |

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Table of Contents

|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |               |               |            |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|--|---------------|---------------|--------------|---------------|---------------------|---------------|---------------|------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1) |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |  | Cost          |               | Fair Value   |               | Percent ofNetAssets |
| UniTek Global Services, Inc.                |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Business Services                           |  | Preferred shares (3)(15)(27)     |  | —            |  | 8/17/2018  |  | —                     |  | 12,697,683                         |  |               | $             | 12,698  |               |                     | $             | 11,085   |            |             |   |
|                                             |  | Preferred shares (3)(15)(27)     |  | —            |  | 8/29/2019  |  | —                     |  | 7,546,829                          |  |               | 7,547    |              |               | 7,215          |               |               |            |
|                                             |  | Preferred shares (3)(15)(26)(41) |  | —            |  | 6/30/2017  |  | —                     |  | 19,795,435                         |  |               | 19,795   |              |               | 396            |               |               |            |
|                                             |  | Preferred shares (2)(15)(25)(41) |  | —            |  | 1/13/2015  |  | —                     |  | 29,326,545                         |  |               | 26,946   |              |               | —        |               |               |            |
|                                             |  | Preferred shares (3)(15)(25)(41) |  | —            |  | 1/13/2015  |  | —                     |  | 8,104,462                          |  |               | 7,447    |              |               | —        |               |               |            |
|                                             |  | Ordinary shares (2)(15)          |  | —            |  | 1/13/2015  |  | —                     |  | 2,096,477                          |  |               | 1,925    |              |               | —        |               |               |            |
|                                             |  | Ordinary shares (3)(15)          |  | —            |  | 1/13/2015  |  | —                     |  | 1,993,749                          |  |               | 532      |              |               | —        |               |               |            |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |  | 76,890   |               |              | 18,696   |                     |               | 1.39     | %          |
| NM APP US LLC                               |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Net Lease                                   |  | Membership interest (7)(15)      |  | —            |  | 9/13/2016  |  | —                     |  | —                            |  |               | 5,080    |              |               | 14,891         |               |               | 1.11  | %           |
| New Permian Holdco, Inc.                    |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Energy                                      |  | Ordinary shares (3)(15)          |  | —            |  | 10/30/2020 |  | —                     |  | 100                                |  |               | 11,155   |              |               | 11,000         |               |               | 0.82  | %           |
| NM YI, LLC                                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Net Lease                                   |  | Membership interest (7)(15)      |  | —            |  | 9/30/2019  |  | —                     |  | —                            |  |               | 6,272    |              |               | 8,286          |               |               | 0.62  | %           |
| NM DRVT LLC                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Net Lease                                   |  | Membership interest (7)(15)      |  | —            |  | 11/18/2016 |  | —                     |  | —                            |  |               | 5,152    |              |               | 7,984          |               |               | 0.59  | %           |
| NM JRA LLC                                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Net Lease                                   |  | Membership interest (7)(15)      |  | —            |  | 8/12/2016  |  | —                     |  | —                            |  |               | 2,043    |              |               | 3,996          |               |               | 0.30  | %           |
| NHME Holdings Corp. (28)                    |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Healthcare Services                         |  | Ordinary shares (3)(15)          |  | —            |  | 11/27/2018 |  | —                     |  | 640,000                            |  |               | 4,000    |              |               | 2,000          |               |               | 0.15  | %           |
| NM GP Holdco, LLC**                         |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Net Lease                                   |  | Membership interest (7)(15)      |  | —            |  | 6/20/2018  |  | —                     |  | —                            |  |               | 998      |              |               | 1,197          |               |               | 0.09  | %           |
| NM KRLN LLC                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Net Lease                                   |  | Membership interest (7)(15)      |  | —            |  | 11/15/2016 |  | —                     |  | —                            |  |               | 9,222    |              |               | 244            |               |               | 0.02  | %           |
| QID TRH Holdings LLC (21)                   |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Tenawa Resource Holdings LLC                |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
| Specialty Chemicals & Materials         |  | Ordinary shares (14)(15)         |  | —            |  | 10/1/2021  |  | —                     |  | 80                                 |  |               | —  |              |               | —        |               |               |            |
|                                             |  | Profit Interest (6)(15)          |  | —            |  | 10/1/2021  |  | —                     |  | 5                                  |  |               | —  |              |               | —        |               |               |            |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |  | —  |               |              | —  |                     |               | —  | %          |
| Total Shares - United States                |  |                                  |  |                    |  |                    |  |                             |  |                                         |  | $             | 527,624  |              |               | $                   | 554,665  |               |            | 41.31  | % |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |
|                                             |  |                                  |  |                    |  |                    |  |                             |  |                                         |  |               |               |              |               |                     |

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Table of Contents

|                                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |                 |              |               |               |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|-----------------------------------------|-------------|------|-----------------|---------------|---------------|---------------------|-----------------|--------------|---------------|---------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)     |  | Type ofInvestment                |  | Interest Rate (19) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares (17) |             | Cost |                 | Fair Value    |               | Percent ofNetAssets |
| Equity - Canada                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| NM APP Canada Corp.**                           |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| Net Lease                                       |  | Membership interest (7)(15)      |  | —            |  | 9/13/2016  |  | —                     |  | —                            |             |      | $               | 7,345    |               |                     | $               | 9,422   |               |               | 0.70  | %             |
| Total Shares - Canada                           |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | 7,345      |               |               | $                   | 9,422      |              |               | 0.70     | %          |
| Total Shares                                    |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | 534,969    |               |               | $                   | 564,087    |              |               | 42.01    | %          |
| Warrants - United States                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| UniTek Global Services, Inc.                    |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| Business Services                               |  | Warrants (3)(15)                 |  | —            |  | 12/16/2020 |  | 2/20/2025           |  | 8,523                              |             |      | $               | —  |               |                     | $               | 13,081  |               |               | 0.97  | %             |
| NHME Holdings Corp. (28)                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| Healthcare Services                             |  | Warrants (3)(15)                 |  | —            |  | 11/27/2018 |  | —                     |  | 160,000                            |             |      | 1,000      |               |               | 500            |                 |              | 0.04     | %             |
| Total Warrants - United States                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | 1,000      |               |               | $                   | 13,581     |              |               | 1.01     | %          |
| Total Funded Investments                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | 722,467    |               |               | $                   | 755,810    |              |               | 56.29    | %          |
| Unfunded Debt Investments - United States       |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| New Permian Holdco, Inc.                        |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| New Permian Holdco, L.L.C.                      |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| Energy                                          |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 10/30/2020 |  | 12/31/2024          |  | $                                       | 4,977  |      |                 | $             | —  |                     |                 | $            | —  |               |            | —  | % |
| Tenawa Resource Holdings LLC (21)               |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| Tenawa Resource Management LLC                  |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
| Specialty Chemicals & Materials             |  | First lien (3)(15)(18) - Undrawn |  | —            |  | 12/17/2021 |  | 10/30/2026          |  | 8,000                              |             |      | —    |               |               | —        |                 |              | —  | %             |
| Total Unfunded Debt Investments - United States |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | —    |               |               | $                   | —    |              |               | —  | %          |
| Total Controlled Investments                    |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | 722,467    |               |               | $                   | 755,810    |              |               | 56.29    | %          |
| Total Investments                               |  |                                  |  |                    |  |                    |  |                             |  |                                         |             | $    | 3,126,492  |               |               | $                   | 3,174,364  |              |               | 236.43   | %          |
|                                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |
|                                                 |  |                                  |  |                    |  |                    |  |                             |  |                                         |             |      |                 |               |               |                     |

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|                                                                                                      |  |                                 |               |                    |             |                     |             |                          |  |                                                             |              |                                 |  |                |             |                |               |             |              |             |  |   |               |  |  |           |               |  |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------|--|---------------------------------|---------------|--------------------|-------------|---------------------|-------------|--------------------------|--|-------------------------------------------------------------|--------------|---------------------------------|--|----------------|-------------|----------------|---------------|-------------|--------------|-------------|--|---|---------------|--|--|-----------|---------------|--|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                                               |  | Fair Value at December 31, 2020 |               | GrossAdditions (A) |             | GrossRedemptions(B) |             | NetRealizedGains(Losses) |  | Net Change InUnrealizedAppreciation(Depreciation) |              | Fair Value at December 31, 2021 |  | InterestIncome |             | DividendIncome |               | OtherIncome |
| Permian Holdco 1, Inc. / Permian Holdco 2, Inc. / Permian Holdco 3, Inc. / Permian Trust |  | $                               | —  |                    |             | $                   | 225    |                          |  | $                                                           | (12,438)     |                                 |  | $              | (12,213)    |                |               | $           | 12,213  |             |  | $ | —  |  |  | $         | —  |  |  | $ | —  |  |  | $ | —  |  |
| Sierra Hamilton Holdings Corporation                                                                 |  | 4,776                      |               |                    | 11     |                     |             | (828)                    |  |                                                             | 2       |                                 |  | 41        |             |                | 4,000    |             |              | 188    |  |   | —  |  |  | 24   |               |
| TVG-Edmentum Holdings, LLC / Edmentum Ultimate Holdings, LLC                                     |  | 98,236                     |               |                    | 5,575  |                     |             | (27,287)                 |  |                                                             | 20,549  |                                 |  | 54,251    |             |                | 130,775  |             |              | 1,825  |  |   | 5,123    |  |  | 321  |               |
| Total Non-Controlled/Affiliated Investments                                                      |  | $                               | 103,012  |                    |             | $                   | 5,811  |                          |  | $                                                           | (40,553)     |                                 |  | $              | 8,338  |                |               | $           | 66,505  |             |  | $ | 134,775  |  |  | $         | 2,013    |  |  | $ | 5,123    |  |  | $ | 345      |  |

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|                                                                                                   |  |                                 |               |                   |               |                     |               |                                |  |                                                             |               |                                 |  |                |             |                |               |             |               |               |  |   |               |  |  |               |               |  |  |   |               |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------|--|---------------------------------|---------------|-------------------|---------------|---------------------|---------------|--------------------------------|--|-------------------------------------------------------------|---------------|---------------------------------|--|----------------|-------------|----------------|---------------|-------------|---------------|---------------|--|---|---------------|--|--|---------------|---------------|--|--|---|---------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                                            |  | Fair Value at December 31, 2020 |               | GrossAdditions(A) |               | GrossRedemptions(B) |               | Net RealizedGains(Losses) |  | Net Change InUnrealizedAppreciation(Depreciation) |               | Fair Value at December 31, 2021 |  | InterestIncome |             | DividendIncome |               | OtherIncome |
| Edmentum Inc.                                                                                     |  | $                               | —  |                   |               | $                   | —  |                                |  | $                                                           | —  |                                 |  | $              | 2,207  |                |               | $           | —  |               |  | $ | —  |  |  | $             | —  |  |  | $ | —  |  |  | $ | 1,200  |  |
| National HME, Inc./NHME Holdings Corp.                                                        |  | 27,530                     |               |                   | 8,094    |                     |               | —                   |  |                                                             | —  |                                 |  | (8,277)        |             |                | 27,347   |             |               | 4,594    |  |   | —  |  |  | 500      |               |
| New Benevis Topco, LLC / New Benevis Holdco, Inc.                                             |  | 98,442                     |               |                   | 5,417    |                     |               | —                   |  |                                                             | —  |                                 |  | 5,736     |             |                | 109,595  |             |               | 6,956    |  |   | —  |  |  | 1,500    |               |
| New Permian Holdco, Inc. / New Permian Holdco, L.L.C.                                         |  | 29,336                     |               |                   | 5,423    |                     |               | —                   |  |                                                             | —  |                                 |  | —   |             |                | 34,759   |             |               | 3,522    |  |   | —  |  |  | 634      |               |
| NM APP CANADA CORP                                                                                |  | 12,302                     |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | (2,880)        |             |                | 9,422    |             |               | —  |  |   | 978      |  |  | —  |               |
| NM APP US LLC                                                                                     |  | 7,410                      |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | 7,481     |             |                | 14,891   |             |               | —  |  |   | 561      |  |  | —  |               |
| NM CLFX LP                                                                                        |  | 14,885                     |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | 9,791     |             |                | 24,676   |             |               | —  |  |   | 1,521    |  |  | —  |               |
| NM DRVT LLC                                                                                       |  | 7,084                      |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | 900       |             |                | 7,984    |             |               | —  |  |   | 466      |  |  | —  |               |
| NM JRA LLC                                                                                        |  | 3,830                      |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | 166       |             |                | 3,996    |             |               | —  |  |   | 268      |  |  | —  |               |
| NM GLCR LP                                                                                        |  | 29,130                     |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | 21,557    |             |                | 50,687   |             |               | —  |  |   | 1,892    |  |  | —  |               |
| NM KRLN LLC                                                                                       |  | 1,501                      |               |                   | 641      |                     |               | —                   |  |                                                             | —  |                                 |  | (1,898)        |             |                | 244      |             |               | —  |  |   | —  |  |  | —  |               |
| NM NL Holdings, L.P.                                                                              |  | 67,132                     |               |                   | 32,757   |                     |               | —                   |  |                                                             | —  |                                 |  | 7,981     |             |                | 107,870  |             |               | —  |  |   | 7,414    |  |  | —  |               |
| NM GP Holdco, LLC                                                                                 |  | 703                        |               |                   | 415      |                     |               | —                   |  |                                                             | —  |                                 |  | 79        |             |                | 1,197    |             |               | —  |  |   | 52       |  |  | —  |               |
| NM YI LLC                                                                                         |  | 6,852                      |               |                   | —  |                     |               | —                   |  |                                                             | —  |                                 |  | 1,434     |             |                | 8,286    |             |               | —  |  |   | 877      |  |  | —  |               |
| NMFC Senior Loan Program I LLC                                                                    |  | 23,000                     |               |                   | 10,000   |                     |               | (33,000)                       |  |                                                             | —  |                                 |  | —   |             |                | —  |             |               | —  |  |   | 741      |  |  | —  |               |
| NMFC Senior Loan Program II LLC                                                                   |  | 79,400                     |               |                   | —  |                     |               | (79,400)                       |  |                                                             | —  |                                 |  | —   |             |                | —  |             |               | —  |  |   | 2,410    |  |  | —  |               |
| NMFC Senior Loan Program III LLC                                                                  |  | 120,000                    |               |                   | 20,000   |                     |               | —                   |  |                                                             | —  |                                 |  | —   |             |                | 140,000  |             |               | —  |  |   | 16,712   |  |  | —  |               |
| NMFC Senior Loan Program IV LLC                                                                   |  | —                    |               |                   | 112,400  |                     |               | —                   |  |                                                             | —  |                                 |  | —   |             |                | 112,400  |             |               | —  |  |   | 7,767    |  |  | —  |               |
| Tenawa Resource Management LLC / Tenawa Resource Holdings LLC  / QID TRH Holdings LLC (C) |  | —                    |               |                   | 64,776   |                     |               | (45,892)                       |  |                                                             | (11,243)      |                                 |  | 15,937    |             |                | 34,821   |             |               | 845      |  |   | —  |  |  | 8        |               |
| UniTek Global Services, Inc.                                                                      |  | 72,338                     |               |                   | 6,669    |                     |               | (2,712)                        |  |                                                             | 1        |                                 |  | (8,660)        |             |                | 67,635   |             |               | 3,880    |  |   | 4,497    |  |  | 738      |               |
| Total Controlled Investments                                                                      |  | $                               | 600,875  |                   |               | $                   | 266,592  |                                |  | $                                                           | (161,004)     |                                 |  | $              | (9,035)     |                |               | $           | 49,347   |               |  | $ | 755,810  |  |  | $             | 19,797   |  |  | $ | 46,156   |  |  | $ | 4,580  |  |

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|                      |  |                                                                    |   |  |  |  |  |  |
|----------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                 |  | December 31, 2021                                                  |
| Investment Type |  | Percent of TotalInvestments at Fair Value |
| First lien           |  | 52.23                                                         | % |
| Second lien          |  | 19.76                                                         | % |
| Subordinated         |  | 1.60                                                          | % |
| Equity and other     |  | 26.41                                                         | % |
| Total investments    |  | 100.00                                                        | % |

|                                                           |  |                                                                    |   |  |  |  |  |  |
|-----------------------------------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                                                      |  | December 31, 2021                                                  |
| Industry Type                                        |  | Percent of TotalInvestments at Fair Value |
| Software                                                  |  | 24.61                                                         | % |
| Business Services                                         |  | 16.19                                                         | % |
| Healthcare Services                                       |  | 16.07                                                         | % |
| Investment Funds (includes investments in joint ventures) |  | 7.95                                                          | % |
| Education                                                 |  | 7.89                                                          | % |
| Net Lease                                                 |  | 7.22                                                          | % |
| Consumer Services                                         |  | 3.50                                                          | % |
| Distribution & Logistics                              |  | 3.28                                                          | % |
| Insurance Services                                        |  | 2.37                                                          | % |
| Specialty Chemicals & Materials                       |  | 1.90                                                          | % |
| Information Technology                                    |  | 1.85                                                          | % |
| Financial Services                                        |  | 1.76                                                          | % |
| Healthcare Information Technology                         |  | 1.67                                                          | % |
| Energy                                                    |  | 1.22                                                          | % |
| Packaging                                                 |  | 1.06                                                          | % |
| Federal Services                                          |  | 0.40                                                          | % |
| Business Products                                         |  | 0.33                                                          | % |
| Consumer Products                                         |  | 0.32                                                          | % |
| Industrial Services                                       |  | 0.23                                                          | % |
| Information Services                                      |  | 0.18                                                          | % |
| Total investments                                         |  | 100.00                                                        | % |

|                              |  |                                                                    |   |  |  |  |  |  |
|------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                         |  | December 31, 2021                                                  |
| Interest Rate Type |  | Percent of TotalInvestments at Fair Value |
| Floating rates               |  | 88.54                                                         | % |
| Fixed rates                  |  | 11.46                                                         | % |
| Total investments            |  | 100.00                                                        | % |

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|                                          |  |                                    |  |                    |  |             |  |             |  |                  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|------------------------------------|--|--------------------|--|-------------|--|-------------|--|------------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  |                                    |  | Lease              |  |             |  | Total       |  | Fair Value as of |
| Portfolio Company                        |  | Tenant                             |  | Expiration Date    |  | Location    |  | Square Feet |  | March 31, 2022   |
| NM NL Holdings LP / NM GP Holdco LLC |  | Various                            |  | Various            |  | Various     |  | Various     |  | $                | 110,991  |  |
| NM CLFX LP                               |  | Victor Equipment Company           |  | 8/31/2033  |  | TX          |  | 423         |  | 23,247      |               |
| NM APP US LLC                            |  | Plasman Corp, LLC / A-Brite LP |  | 9/30/2033  |  | AL / OH |  | 261         |  | 17,872      |               |
| NM GLCR LP                               |  | Arctic Glacier U.S.A.              |  | 2/28/2038  |  | CA          |  | 48          |  | 16,852      |               |
| NM APP Canada, Corp.                     |  | A.P. Plasman, Inc.                 |  | 9/30/2031  |  | Canada      |  | 436         |  | 10,002      |               |
| NM DRVT LLC                              |  | FMH Conveyors, LLC                 |  | 10/31/2031 |  | AR          |  | 195         |  | 9,023       |               |
| NM YI, LLC                               |  | Young Innovations, Inc.            |  | 10/31/2039 |  | IL / MO |  | 212         |  | 8,381       |               |
| NM JRA LLC                               |  | J.R. Automation Technologies, LLC  |  | 1/31/2031  |  | MI          |  | 88          |  | 4,223       |               |
| NM KRLN LLC                              |  | None                               |  | N/A            |  | MD          |  | 95          |  | 60          |               |
|                                          |  |                                    |  |                    |  |             |  |             |  | $                | 200,651  |  |

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|                   |               |                 |                 |               |   |                 |  |  |  |  |  |
|-------------------|---------------|-----------------|-----------------|---------------|---|-----------------|--|--|--|--|--|
|              | Cost          |                 | Fair Value |
| First lien        | $             | 1,785,508  |                 |               | $ | 1,761,795  |  |
| Second lien       | 640,639  |                 |                 | 606,591  |   |
| Subordinated      | 60,651   |                 |                 | 54,867   |   |
| Equity and other  | 732,911  |                 |                 | 833,712  |   |
| Total investments | $             | 3,219,709  |                 |               | $ | 3,256,965  |  |

|                                                           |               |                 |                 |               |   |                 |  |  |  |  |  |  |
|-----------------------------------------------------------|---------------|-----------------|-----------------|---------------|---|-----------------|--|--|--|--|--|--|
|                                                      | Cost          |                 | Fair Value |               |
| Software                                                  | $             | 819,267    |                 |               | $ | 818,621    |  |  |
| Business Services                                         | 588,296  |                 |                 | 530,392  |   |                 |
| Healthcare Services                                       | 529,778  |                 |                 | 513,850  |   |                 |
| Education                                                 | 204,701  |                 |                 | 264,620  |   |                 |
| Investment Funds (includes investments in joint ventures) | 252,400  |                 |                 | 252,400  |   |                 |
| Net Lease                                                 | 135,974  |                 |                 | 200,651  |   |                 |
| Consumer Services                                         | 154,623  |                 |                 | 154,093  |   |                 |
| Distribution & Logistics                              | 106,372  |                 |                 | 106,522  |   |                 |
| Specialty Chemicals & Materials                       | 61,347   |                 |                 | 65,405   |   |                 |
| Financial Services                                        | 60,354   |                 |                 | 60,723   |   |                 |
| Information Technology                                    | 58,587   |                 |                 | 58,553   |   |                 |
| Insurance Services                                        | 64,338   |                 |                 | 57,739   |   |                 |
| Healthcare Information Technology                         | 53,269   |                 |                 | 53,400   |   |                 |
| Energy                                                    | 48,669   |                 |                 | 39,726   |   |                 |
| Packaging                                                 | 34,724   |                 |                 | 33,675   |   |                 |
| Federal Services                                          | 12,769   |                 |                 | 12,758   |   |                 |
| Business Products                                         | 10,765   |                 |                 | 10,393   |   |                 |
| Consumer Products                                         | 10,283   |                 |                 | 10,268   |   |                 |
| Industrial Services                                       | 7,352    |                 |                 | 7,344    |   |                 |
| Information Services                                      | 5,841    |                 |                 | 5,832    |   |                 |
| Total investments                                         | $             | 3,219,709  |                 |               | $ | 3,256,965  |  |  |

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|                   |               |                 |                 |               |   |                 |  |  |  |  |  |
|-------------------|---------------|-----------------|-----------------|---------------|---|-----------------|--|--|--|--|--|
|              | Cost          |                 | Fair Value |
| First lien        | $             | 1,682,541  |                 |               | $ | 1,657,815  |  |
| Second lien       | 645,370  |                 |                 | 627,356  |   |
| Subordinated      | 54,996   |                 |                 | 50,742   |   |
| Equity and other  | 743,585  |                 |                 | 838,451  |   |
| Total investments | $             | 3,126,492  |                 |               | $ | 3,174,364  |  |

|                                                           |               |                 |                 |               |   |                 |  |  |  |  |  |
|-----------------------------------------------------------|---------------|-----------------|-----------------|---------------|---|-----------------|--|--|--|--|--|
|                                                      | Cost          |                 | Fair Value |
| Software                                                  | $             | 782,714    |                 |               | $ | 781,304    |  |
| Business Services                                         | 578,635  |                 |                 | 514,013  |   |
| Healthcare Services                                       | 510,832  |                 |                 | 509,941  |   |
| Investment Funds (includes investments in joint ventures) | 252,400  |                 |                 | 252,400  |   |
| Education                                                 | 200,895  |                 |                 | 250,351  |   |
| Net Lease                                                 | 150,603  |                 |                 | 229,253  |   |
| Consumer Services                                         | 111,464  |                 |                 | 111,140  |   |
| Distribution & Logistics                              | 106,211  |                 |                 | 104,112  |   |
| Insurance Services                                        | 76,307   |                 |                 | 75,094   |   |
| Specialty Chemicals & Materials                       | 60,295   |                 |                 | 60,367   |   |
| Information Technology                                    | 58,570   |                 |                 | 58,553   |   |
| Financial Services                                        | 55,424   |                 |                 | 55,745   |   |
| Healthcare Information Technology                         | 52,804   |                 |                 | 52,946   |   |
| Energy                                                    | 47,702   |                 |                 | 38,759   |   |
| Packaging                                                 | 34,763   |                 |                 | 33,723   |   |
| Federal Services                                          | 12,797   |                 |                 | 12,790   |   |
| Business Products                                         | 10,764   |                 |                 | 10,586   |   |
| Consumer Products                                         | 10,218   |                 |                 | 10,206   |   |
| Industrial Services                                       | 7,368    |                 |                 | 7,362    |   |
| Information Services                                      | 5,726    |                 |                 | 5,719    |   |
| Total investments                                         | $             | 3,126,492  |                 |               | $ | 3,174,364  |  |

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|                                                              |  |                |               |                   |            |   |               |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|----------------|---------------|-------------------|------------|---|---------------|--|--|--|--|--|--|--|
|                                                              |  | March 31, 2022 |               | December 31, 2021 |
| First lien investments (1)                                   |  | $              | 708,344  |                   |            | $ | 709,517  |  |
| Weighted average interest rate on first lien investments (2) |  | 4.70      | %             |                   | 4.50  | % |
| Number of portfolio companies in SLP III                     |  | 81        |               |                   | 80    |   |
| Largest portfolio company investment (1)                     |  | $              | 23,428   |                   |            | $ | 23,489   |  |
| Total of five largest portfolio company investments (1)      |  | $              | 95,258   |                   |            | $ | 95,504   |  |

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|                                                   |  |                              |  |                            |  |                    |  |                                     |             |            |              |                |             |              |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------|--|------------------------------|--|----------------------------|--|--------------------|--|-------------------------------------|-------------|------------|--------------|----------------|-------------|--------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment          |  | Industry                     |  | Interest Rate (1)          |  | Maturity Date      |  |  Principal Amount or Par Value |             |  Cost |              | Fair Value (2) |
| Funded Investments - First lien                   |  |                              |  |                            |  |                    |  |                                     |             |            |              |                |
| ADMI Corp. (aka Aspen Dental)                     |  | Healthcare Services          |  |  4.00% (L + 3.50%)    |  | 12/23/2027 |  | $                                   | 2,418  |            |              | $              | 2,408  |              |  | $ | 2,394  |  |
| Advisor Group Holdings, Inc.                      |  | Financial Services           |  |  4.96% (L + 4.50%)    |  | 7/31/2026  |  | 9,775                          |             |            | 9,742   |                |             | 9,724   |  |
| AG Parent Holdings, LLC                           |  | Healthcare Services          |  |  5.46% (L + 5.00%)    |  | 7/31/2026  |  | 12,219                         |             |            | 12,178  |                |             | 12,037  |  |
| Artera Services, LLC                              |  | Distribution & Logistics |  |  4.51% (L + 3.50%)    |  | 3/6/2025   |  | 6,890                          |             |            | 6,847   |                |             | 6,509   |  |
| Aston FinCo S.a.r.l. / Aston US Finco, LLC    |  | Software                     |  |  4.71% (L + 4.25%)    |  | 10/9/2026  |  | 5,880                          |             |            | 5,840   |                |             | 5,832   |  |
| athenahealth Group Inc.                           |  | Healthcare I.T.              |  |  4.00% (SOFR + 3.50%) |  | 2/15/2029  |  | 3,235                          |             |            | 3,219   |                |             | 3,208   |  |
| BCPE Empire Holdings, Inc.                        |  | Distribution & Logistics |  |  4.46% (L + 4.00%)    |  | 6/11/2026  |  | 4,291                          |             |            | 4,264   |                |             | 4,259   |  |
| Bearcat Buyer, Inc.                               |  | Healthcare Services          |  |  5.26% (L + 4.25%)    |  | 7/9/2026   |  | 19,405                         |             |            | 19,342  |                |             | 19,405  |  |
| Bearcat Buyer, Inc.                               |  | Healthcare Services          |  |  5.26% (L + 4.25%)    |  | 7/9/2026   |  | 4,023                          |             |            | 4,008   |                |             | 4,023   |  |
| Bella Holding Company, LLC                        |  | Healthcare Services          |  |  4.50% (L + 3.75%)    |  | 5/10/2028  |  | 2,255                          |             |            | 2,235   |                |             | 2,234   |  |
| Bluefin Holding, LLC                              |  | Software                     |  |  4.76% (L + 4.25%)    |  | 9/4/2026   |  | 9,775                          |             |            | 9,677   |                |             | 9,775   |  |
| Bluefin Holding, LLC                              |  | Software                     |  |  6.00% (L + 5.00%)    |  | 9/4/2026   |  | 2,582                          |             |            | 2,544   |                |             | 2,543   |  |
| Bracket Intermediate Holding Corp.                |  | Healthcare Services          |  |  4.47% (L + 4.25%)    |  | 9/5/2025   |  | 14,475                         |             |            | 14,436  |                |             | 14,384  |  |
| Brave Parent Holdings, Inc.                       |  | Software                     |  |  4.46% (L + 4.00%)    |  | 4/18/2025  |  | 4,336                          |             |            | 4,328   |                |             | 4,280   |  |
| Cano Health, LLC                                  |  | Healthcare Services          |  |  4.51% (SOFR + 4.00%) |  | 11/23/2027 |  | 10,312                         |             |            | 10,275  |                |             | 10,183  |  |
| Cardinal Parent, Inc.                             |  | Software                     |  |  5.25% (L + 4.50%)    |  | 11/12/2027 |  | 6,967                          |             |            | 6,879   |                |             | 6,960   |  |
| CE Intermediate I, LLC                            |  | Software                     |  |  4.50% (L + 4.00%)    |  | 11/10/2028 |  | 11,003                         |             |            | 10,929  |                |             | 10,893  |  |
| CentralSquare Technologies, LLC                   |  | Software                     |  |  4.76% (L + 3.75%)    |  | 8/29/2025  |  | 14,512                         |             |            | 14,493  |                |             | 13,743  |  |
| CHA Holdings, Inc.                                |  | Business Services            |  |  5.51% (L + 4.50%)    |  | 4/10/2025  |  | 964                            |             |            | 964     |                |             | 964     |  |
| CommerceHub, Inc.                                 |  | Software                     |  |  5.01% (L + 4.00%)    |  | 12/29/2027 |  | 5,760                          |             |            | 5,736   |                |             | 5,602   |  |
| Confluent Health, LLC                             |  | Healthcare Services          |  |  4.50% (L + 4.00%)    |  | 11/30/2028 |  | 12,053                         |             |            | 11,994  |                |             | 11,948  |  |
| Confluent Health, LLC                             |  | Healthcare Services          |  |  6.50% (P + 3.00%)    |  | 11/30/2028 |  | 171                            |             |            | 170     |                |             | 170     |  |
| Confluent Medical Technologies, Inc.              |  | Healthcare Products          |  |  4.25% (SOFR + 3.75%) |  | 2/16/2029  |  | 7,000                          |             |            | 6,965   |                |             | 6,873   |  |
| Cornerstone OnDemand, Inc.                        |  | Software                     |  |  4.25% (L + 3.75%)    |  | 10/16/2028 |  | 4,546                          |             |            | 4,524   |                |             | 4,506   |  |
| Covenant Surgical Partners, Inc.                  |  | Healthcare Services          |  |  4.45% (L + 4.00%)    |  | 7/1/2026   |  | 9,753                          |             |            | 9,690   |                |             | 9,619   |  |
| Covenant Surgical Partners, Inc.                  |  | Healthcare Services          |  |  4.46% (L + 4.00%)    |  | 7/1/2026   |  | 2,000                          |             |            | 1,983   |                |             | 1,973   |  |
| CRCI Longhorn Holdings, Inc.                      |  | Business Services            |  |  3.73% (L + 3.50%)    |  | 8/8/2025   |  | 14,475                         |             |            | 14,438  |                |             | 14,131  |  |
| Dealer Tire, LLC                                  |  | Distribution & Logistics |  |  4.71% (L + 4.25%)    |  | 12/12/2025 |  | 9,775                          |             |            | 9,759   |                |             | 9,711   |  |
| DG Investment Intermediate Holdings 2, Inc.       |  | Business Services            |  |  4.25% (L + 3.50%)    |  | 3/31/2028  |  | 7,444                          |             |            | 7,417   |                |             | 7,381   |  |
| Dispatch Acquisition Holdings, LLC                |  | Industrial Services          |  |  5.26% (L + 4.25%)    |  | 3/27/2028  |  | 14,098                         |             |            | 13,942  |                |             | 13,816  |  |
| Drilling Info Holdings, Inc.                      |  | Business Services            |  |  4.71% (L + 4.25%)    |  | 7/30/2025  |  | 18,339                         |             |            | 18,291  |                |             | 18,202  |  |
| EAB Global, Inc.                                  |  | Education                    |  |  4.00% (L + 3.50%)    |  | 8/16/2028  |  | 4,239                          |             |            | 4,220   |                |             | 4,204   |  |
| Energize Holdco LLC                               |  | Business Services            |  |  4.25% (L + 3.75%)    |  | 12/8/2028  |  | 12,582                         |             |            | 12,521  |                |             | 12,413  |  |
| eResearchTechnology, Inc.                         |  | Healthcare Services          |  |  5.50% (L + 4.50%)    |  | 2/4/2027   |  | 7,327                          |             |            | 7,299   |                |             | 7,306   |  |
| EyeCare Partners, LLC                             |  | Healthcare Services          |  |  4.76% (L + 3.75%)    |  | 2/18/2027  |  | 14,723                         |             |            | 14,709  |                |             | 14,563  |  |
| Foundational Education Group, Inc.                |  | Education                    |  |  4.75% (L + 4.25%)    |  | 8/31/2028  |  | 9,476                          |             |            | 9,388   |                |             | 9,476   |  |
| Frontline Technologies Intermediate Holdings, LLC |  | Software                     |  |  6.25% (L + 5.25%)    |  | 9/18/2023  |  | 6,432                          |             |            | 6,432   |                |             | 6,432   |  |
| Frontline Technologies Intermediate Holdings, LLC |  | Software                     |  |  6.25% (L + 5.25%)    |  | 9/18/2023  |  | 2,008                          |             |            | 2,007   |                |             | 2,007   |  |
| Greenway Health, LLC                              |  | Healthcare I.T.              |  |  5.25% (L + 3.75%)    |  | 2/16/2024  |  | 14,332                         |             |            | 14,336  |                |             | 13,449  |  |
| Heartland Dental, LLC                             |  | Healthcare Services          |  |  3.96% (L + 3.50%)    |  | 4/30/2025  |  | 18,303                         |             |            | 18,258  |                |             | 18,127  |  |
| Help/Systems Holdings, Inc.                   |  | Software                     |  |  4.75% (L + 4.00%)    |  | 11/19/2026 |  | 18,208                         |             |            | 18,072  |                |             | 18,060  |  |
| Higginbotham Insurance Agency, Inc.               |  | Insurance Services           |  |  6.25% (L + 5.50%)    |  | 11/25/2026 |  | 9,148                          |             |            | 9,076   |                |             | 9,148   |  |
| HighTower Holding, LLC                            |  | Financial Services           |  |  4.75% (L + 4.00%)    |  | 4/21/2028  |  | 4,814                          |             |            | 4,771   |                |             | 4,766   |  |
| Idera, Inc.                                       |  | Software                     |  |  4.50% (L + 3.75%)    |  | 3/2/2028   |  | 15,924                         |             |            | 15,911  |                |             | 15,665  |  |
| Kestra Advisor Services Holdings A, Inc.          |  | Financial Services           |  |  5.26% (L + 4.25%)    |  | 6/3/2026   |  | 12,027                         |             |            | 11,972  |                |             | 11,914  |  |
| LI Group Holdings, Inc.                           |  | Software                     |  |  5.25% (L + 3.75%)    |  | 3/11/2028  |  | 4,608                          |             |            | 4,598   |                |             | 4,577   |  |
| LSCS Holdings, Inc.                               |  | Healthcare Services          |  |  5.00% (L + 4.50%)    |  | 12/16/2028 |  | 7,625                          |             |            | 7,588   |                |             | 7,552   |  |
| Mamba Purchaser, Inc.                             |  | Healthcare Services          |  |  4.25% (L + 3.75%)    |  | 10/16/2028 |  | 5,773                          |             |            | 5,746   |                |             | 5,718   |  |
| Maverick Bidco Inc.                               |  | Software                     |  |  4.50% (L + 3.75%)    |  | 5/18/2028  |  | 3,990                          |             |            | 3,972   |                |             | 3,991   |  |
| Mavis Tire Express Services Topco Corp.           |  | Retail                       |  |  4.75% (L + 4.00%)    |  | 5/4/2028   |  | 4,206                          |             |            | 4,187   |                |             | 4,185   |  |
| MED ParentCo, LP                                  |  | Healthcare Services          |  |  4.71% (L + 4.25%)    |  | 8/31/2026  |  | 12,686                         |             |            | 12,605  |                |             | 12,578  |  |

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Table of Contents

|                                                              |  |                                     |  |                            |  |                    |  |                                     |               |            |               |                |               |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|-------------------------------------|--|----------------------------|--|--------------------|--|-------------------------------------|---------------|------------|---------------|----------------|---------------|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment                     |  | Industry                            |  | Interest Rate (1)          |  | Maturity Date      |  |  Principal Amount or Par Value |               |  Cost |               | Fair Value (2) |
| Mercury Borrower, Inc.                                       |  | Business Services                   |  |  4.00% (L + 3.50%)    |  | 8/2/2028   |  | $                                   | 4,200    |            |               | $              | 4,179    |               |  | $ | 4,176    |  |
| MH Sub I, LLC (Micro Holding Corp.)                          |  | Software                            |  |  4.75% (L + 3.75%)    |  | 9/13/2024  |  | 10,777                         |               |            | 10,752   |                |               | 10,692   |  |
| National Intergovernmental Purchasing Alliance Company       |  | Business Services                   |  |  4.51% (L + 3.50%)    |  | 5/23/2025  |  | 8,540                          |               |            | 8,538    |                |               | 8,419    |  |
| Navex Topco, Inc.                                            |  | Software                            |  |  3.71% (L + 3.25%)    |  | 9/5/2025   |  | 16,980                         |               |            | 16,890   |                |               | 16,818   |  |
| Netsmart, Inc.                                               |  | Healthcare I.T.                     |  |  4.75% (L + 4.00%)    |  | 10/1/2027  |  | 3,970                          |               |            | 3,970    |                |               | 3,955    |  |
| Newport Group Holdings II, Inc.                              |  | Business Services                   |  |  4.51% (L + 3.50%)    |  | 9/12/2025  |  | 4,825                          |               |            | 4,812    |                |               | 4,816    |  |
| Outcomes Group Holdings, Inc.                                |  | Healthcare Services                 |  |  3.60% (L + 3.25%)    |  | 10/24/2025 |  | 3,357                          |               |            | 3,352    |                |               | 3,288    |  |
| Pearls (Netherlands) Bidco B.V.                              |  | Specialty Chemicals & Materials |  |  4.50% (SOFR + 4.00%) |  | 2/26/2029  |  | 1,741                          |               |            | 1,736    |                |               | 1,709    |  |
| Peraton Corp.                                                |  | Federal Services                    |  |  4.50% (L + 3.75%)    |  | 2/1/2028   |  | 7,291                          |               |            | 7,259    |                |               | 7,241    |  |
| PetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC) |  | Consumer Services                   |  |  4.25% (L + 3.50%)    |  | 2/14/2025  |  | 5,704                          |               |            | 5,701    |                |               | 5,677    |  |
| Physician Partners, LLC                                      |  | Healthcare Services                 |  |  4.50% (SOFR + 4.00%) |  | 12/23/2028 |  | 8,116                          |               |            | 8,035    |                |               | 8,040    |  |
| Planview Parent, Inc.                                        |  | Software                            |  |  5.01% (L + 4.00%)    |  | 12/17/2027 |  | 7,899                          |               |            | 7,832    |                |               | 7,820    |  |
| Premise Health Holding Corp.                                 |  | Healthcare Services                 |  |  4.51% (L + 3.50%)    |  | 7/10/2025  |  | 7,463                          |               |            | 7,444    |                |               | 7,407    |  |
| Project Ruby Ultimate Parent Corp.                           |  | Healthcare I.T.                     |  |  4.00% (L + 3.25%)    |  | 3/10/2028  |  | 11,385                         |               |            | 11,334   |                |               | 11,274   |  |
| RealPage, Inc.                                               |  | Business Services                   |  |  3.75% (L + 3.25%)    |  | 4/24/2028  |  | 13,930                         |               |            | 13,899   |                |               | 13,794   |  |
| RLG Holdings, LLC                                            |  | Packaging                           |  |  5.00% (L + 4.25%)    |  | 7/7/2028   |  | 5,829                          |               |            | 5,802    |                |               | 5,793    |  |
| Sierra Enterprises, LLC                                      |  | Food & Beverage                 |  |  5.00% (L + 4.00%)    |  | 11/11/2024 |  | 2,400                          |               |            | 2,399    |                |               | 2,358    |  |
| Snap One Holdings Corp.                                      |  | Distribution & Logistics        |  |  5.51% (L + 4.50%)    |  | 12/8/2028  |  | 6,672                          |               |            | 6,608    |                |               | 6,639    |  |
| Sovos Brands Intermediate, Inc.                              |  | Food & Beverage                 |  |  4.25% (L + 3.50%)    |  | 6/8/2028   |  | 9,430                          |               |            | 9,408    |                |               | 9,352    |  |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)  |  | Education                           |  |  5.26% (L + 4.25%)    |  | 7/30/2025  |  | 12,027                         |               |            | 12,011   |                |               | 11,696   |  |
| Storable, Inc.                                               |  | Software                            |  |  4.05% (SOFR + 3.50%) |  | 4/17/2028  |  | 3,852                          |               |            | 3,844    |                |               | 3,811    |  |
| Symplr Software, Inc.                                        |  | Healthcare I.T.                     |  |  5.25% (SOFR + 4.50%) |  | 12/22/2027 |  | 15,840                         |               |            | 15,715   |                |               | 15,642   |  |
| Syndigo LLC                                                  |  | Software                            |  |  5.25% (L + 4.50%)    |  | 12/15/2027 |  | 14,850                         |               |            | 14,756   |                |               | 14,850   |  |
| Therapy Brands Holdings LLC                                  |  | Healthcare I.T.                     |  |  4.79% (L + 4.00%)    |  | 5/18/2028  |  | 3,391                          |               |            | 3,376    |                |               | 3,370    |  |
| Thermostat Purchaser III, Inc.                               |  | Business Services                   |  |  5.25% (L + 4.50%)    |  | 8/31/2028  |  | 5,938                          |               |            | 5,911    |                |               | 5,894    |  |
| TIBCO Software Inc.                                          |  | Software                            |  |  4.21% (L + 3.75%)    |  | 6/30/2026  |  | 7,558                          |               |            | 7,545    |                |               | 7,522    |  |
| Trader Interactive, LLC (fka Dominion Web Solutions LLC)     |  | Business Services                   |  |  4.50% (L + 4.00%)    |  | 7/28/2028  |  | 4,647                          |               |            | 4,625    |                |               | 4,600    |  |
| Unified Women's Healthcare, LP                               |  | Healthcare Services                 |  |  5.00% (L + 4.25%)    |  | 12/20/2027 |  | 9,925                          |               |            | 9,860    |                |               | 9,848    |  |
| Valcour Packaging, LLC                                       |  | Packaging                           |  |  4.25% (L + 3.75%)    |  | 10/4/2028  |  | 4,539                          |               |            | 4,525    |                |               | 4,448    |  |
| Vetcor Professional Practices LLC                            |  | Consumer Services                   |  |  5.05% (L + 4.25%)    |  | 7/2/2025   |  | 6,963                          |               |            | 6,837    |                |               | 6,872    |  |
| VT Topco, Inc.                                               |  | Business Services                   |  |  4.26% (L + 3.25%)    |  | 8/1/2025   |  | 2,759                          |               |            | 2,759    |                |               | 2,721    |  |
| VT Topco, Inc.                                               |  | Business Services                   |  |  4.76% (L + 3.75%)    |  | 8/1/2025   |  | 847                            |               |            | 843      |                |               | 840      |  |
| Waystar Technologies, Inc.                                   |  | Healthcare Services                 |  |  4.46% (L + 4.00%)    |  | 10/22/2026 |  | 4,056                          |               |            | 4,048    |                |               | 4,051    |  |
| WP CityMD Bidco LLC                                          |  | Healthcare Services                 |  |  3.75% (L + 3.25%)    |  | 12/22/2028 |  | 9,180                          |               |            | 9,117    |                |               | 9,139    |  |
| Wrench Group LLC                                             |  | Consumer Services                   |  |  5.01% (L + 4.00%)    |  | 4/30/2026  |  | 7,884                          |               |            | 7,866    |                |               | 7,835    |  |
| YI, LLC                                                      |  | Healthcare Services                 |  |  5.00% (L + 4.00%)    |  | 11/7/2024  |  | 9,565                          |               |            | 9,561    |                |               | 9,452    |  |
| Total Funded Investments                                     |  |                                     |  |                            |  |                    |  | $                                   | 703,492  |            |               | $              | 700,334  |               |  | $ | 695,272  |  |
|                                                              |  |                                     |  |                            |  |                    |  |                                     |               |            |               |                |
| Unfunded Investments - First lien                            |  |                                     |  |                            |  |                    |  |                                     |               |            |               |                |
| athenahealth Group Inc.                                      |  | Healthcare I.T.                     |  | —                    |  | 1/26/2024  |  | $                                   | 548      |            |               | $              | —  |               |  | $ | (5)           |  |
| Confluent Health, LLC                                        |  | Healthcare Services                 |  | —                    |  | 11/30/2023 |  | 2,466                          |               |            | (12)          |                |               | (22)          |  |
| Therapy Brands Holdings LLC                                  |  | Healthcare I.T.                     |  | —                    |  | 5/18/2023  |  | 735                            |               |            | —  |                |               | (5)           |  |
| Thermostat Purchaser III, Inc.                               |  | Business Services                   |  | —                    |  | 8/31/2023  |  | 1,047                          |               |            | —  |                |               | (8)           |  |
| VT Topco, Inc.                                               |  | Business Services                   |  | —                    |  | 8/1/2023   |  | 56                             |               |            | —  |                |               | —  |  |
| Total Unfunded Investments                                   |  |                                     |  |                            |  |                    |  | $                                   | 4,852    |            |               | $              | (12)          |               |  | $ | (40)          |  |
| Total Investments                                            |  |                                     |  |                            |  |                    |  | $                                   | 708,344  |            |               | $              | 700,322  |               |  | $ | 695,232  |  |

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Table of Contents

|                                                             |  |                                     |  |                         |  |                    |  |                                     |             |            |              |                |             |              |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|--|-------------------------------------|--|-------------------------|--|--------------------|--|-------------------------------------|-------------|------------|--------------|----------------|-------------|--------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment                    |  | Industry                            |  | Interest Rate (1)       |  | Maturity Date      |  |  Principal Amount or Par Value |             |  Cost |              | Fair Value (2) |
| Funded Investments - First lien                             |  |                                     |  |                         |  |                    |  |                                     |             |            |              |                |
| ADMI Corp. (aka Aspen Dental)                               |  | Healthcare Services                 |  |  4.00% (L + 3.50%) |  | 12/23/2027 |  | $                                   | 2,424  |            |              | $              | 2,413  |              |  | $ | 2,424  |  |
| Advisor Group Holdings, Inc.                                |  | Financial Services                  |  |  4.60% (L + 4.50%) |  | 7/31/2026  |  | 9,800                          |             |            | 9,766   |                |             | 9,832   |  |
| AG Parent Holdings, LLC                                     |  | Healthcare Services                 |  |  5.10% (L + 5.00%) |  | 7/31/2026  |  | 12,250                         |             |            | 12,207  |                |             | 12,227  |  |
| Artera Services, LLC                                        |  | Distribution & Logistics        |  |  4.50% (L + 3.50%) |  | 3/6/2025   |  | 6,907                          |             |            | 6,861   |                |             | 6,706   |  |
| Aston FinCo S.a.r.l. / Aston US Finco, LLC              |  | Software                            |  |  4.35% (L + 4.25%) |  | 10/9/2026  |  | 5,895                          |             |            | 5,853   |                |             | 5,877   |  |
| BCPE Empire Holdings, Inc.                                  |  | Distribution & Logistics        |  |  4.10% (L + 4.00%) |  | 6/11/2026  |  | 4,302                          |             |            | 4,273   |                |             | 4,278   |  |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services                 |  |  5.25% (L + 4.25%) |  | 7/9/2026   |  | 19,456                         |             |            | 19,388  |                |             | 19,455  |  |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services                 |  |  5.25% (L + 4.25%) |  | 7/9/2026   |  | 4,033                          |             |            | 4,018   |                |             | 4,033   |  |
| Bella Holding Company, LLC                                  |  | Healthcare Services                 |  |  4.50% (L + 3.75%) |  | 5/10/2028  |  | 2,260                          |             |            | 2,240   |                |             | 2,262   |  |
| Bluefin Holding, LLC                                        |  | Software                            |  |  4.43% (L + 4.25%) |  | 9/4/2026   |  | 9,800                          |             |            | 9,696   |                |             | 9,800   |  |
| Bracket Intermediate Holding Corp.                          |  | Healthcare Services                 |  |  4.38% (L + 4.25%) |  | 9/5/2025   |  | 14,513                         |             |            | 14,471  |                |             | 14,498  |  |
| Brave Parent Holdings, Inc.                                 |  | Software                            |  |  4.10% (L + 4.00%) |  | 4/18/2025  |  | 4,347                          |             |            | 4,339   |                |             | 4,352   |  |
| Cano Health, LLC                                            |  | Healthcare Services                 |  |  5.25% (L + 4.50%) |  | 11/23/2027 |  | 6,948                          |             |            | 6,910   |                |             | 6,961   |  |
| Cardinal Parent, Inc.                                       |  | Software                            |  |  5.25% (L + 4.50%) |  | 11/12/2027 |  | 6,985                          |             |            | 6,893   |                |             | 6,977   |  |
| CE Intermediate I, LLC                                      |  | Software                            |  |  4.50% (L + 4.00%) |  | 11/10/2028 |  | 11,004                         |             |            | 10,927  |                |             | 10,934  |  |
| CentralSquare Technologies, LLC                             |  | Software                            |  |  3.97% (L + 3.75%) |  | 8/29/2025  |  | 14,550                         |             |            | 14,529  |                |             | 13,761  |  |
| CHA Holdings, Inc.                                          |  | Business Services                   |  |  5.50% (L + 4.50%) |  | 4/10/2025  |  | 967                            |             |            | 967     |                |             | 967     |  |
| CommerceHub, Inc.                                           |  | Software                            |  |  4.75% (L + 4.00%) |  | 12/29/2027 |  | 5,775                          |             |            | 5,750   |                |             | 5,724   |  |
| Community Brands ParentCo, LLC (f.k.a Ministry Brands, LLC) |  | Software                            |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 2,985                          |             |            | 2,969   |                |             | 2,985   |  |
| Community Brands ParentCo, LLC (f.k.a Ministry Brands, LLC) |  | Software                            |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 4,455                          |             |            | 4,450   |                |             | 4,455   |  |
| Community Brands ParentCo, LLC (f.k.a Ministry Brands, LLC) |  | Software                            |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 862                            |             |            | 861     |                |             | 862     |  |
| Confluent Health, LLC                                       |  | Healthcare Services                 |  |  4.50% (L + 4.00%) |  | 11/30/2028 |  | 12,054                         |             |            | 11,993  |                |             | 12,053  |  |
| Cornerstone OnDemand, Inc.                                  |  | Software                            |  |  4.25% (L + 3.75%) |  | 10/16/2028 |  | 4,545                          |             |            | 4,523   |                |             | 4,541   |  |
| Covenant Surgical Partners, Inc.                            |  | Healthcare Services                 |  |  4.10% (L + 4.00%) |  | 7/1/2026   |  | 9,777                          |             |            | 9,711   |                |             | 9,655   |  |
| Covenant Surgical Partners, Inc.                            |  | Healthcare Services                 |  |  4.10% (L + 4.00%) |  | 7/1/2026   |  | 2,000                          |             |            | 1,980   |                |             | 1,975   |  |
| CRCI Longhorn Holdings, Inc.                                |  | Business Services                   |  |  3.60% (L + 3.50%) |  | 8/8/2025   |  | 14,513                         |             |            | 14,471  |                |             | 14,408  |  |
| Dealer Tire, LLC                                            |  | Distribution & Logistics        |  |  4.35% (L + 4.25%) |  | 12/12/2025 |  | 9,800                          |             |            | 9,783   |                |             | 9,817   |  |
| DG Investment Intermediate Holdings 2, Inc.                 |  | Business Services                   |  |  4.25% (L + 3.50%) |  | 3/31/2028  |  | 7,463                          |             |            | 7,435   |                |             | 7,471   |  |
| Dispatch Acquisition Holdings, LLC                          |  | Industrial Services                 |  |  5.00% (L + 4.25%) |  | 3/27/2028  |  | 14,133                         |             |            | 13,970  |                |             | 14,124  |  |
| Drilling Info Holdings, Inc.                                |  | Business Services                   |  |  4.35% (L + 4.25%) |  | 7/30/2025  |  | 18,387                         |             |            | 18,335  |                |             | 18,249  |  |
| EAB Global, Inc.                                            |  | Education                           |  |  4.00% (L + 3.50%) |  | 8/16/2028  |  | 4,250                          |             |            | 4,230   |                |             | 4,234   |  |
| Energize Holdco LLC                                         |  | Business Services                   |  |  4.25% (L + 3.75%) |  | 12/8/2028  |  | 12,582                         |             |            | 12,519  |                |             | 12,550  |  |
| eResearchTechnology, Inc.                                   |  | Healthcare Services                 |  |  5.50% (L + 4.50%) |  | 2/4/2027   |  | 7,345                          |             |            | 7,316   |                |             | 7,388   |  |
| EyeCare Partners, LLC                                       |  | Healthcare Services                 |  |  3.97% (L + 3.75%) |  | 2/18/2027  |  | 14,760                         |             |            | 14,745  |                |             | 14,678  |  |
| Foundational Education Group, Inc.                          |  | Education                           |  |  4.75% (L + 4.25%) |  | 8/31/2028  |  | 9,500                          |             |            | 9,408   |                |             | 9,524   |  |
| Frontline Technologies Intermediate Holdings, LLC           |  | Software                            |  |  6.25% (L + 5.25%) |  | 9/18/2023  |  | 6,448                          |             |            | 6,448   |                |             | 6,448   |  |
| Frontline Technologies Intermediate Holdings, LLC           |  | Software                            |  |  6.25% (L + 5.25%) |  | 9/18/2023  |  | 2,012                          |             |            | 2,012   |                |             | 2,012   |  |
| Greenway Health, LLC                                        |  | Healthcare I.T.                     |  |  4.75% (L + 3.75%) |  | 2/16/2024  |  | 14,369                         |             |            | 14,374  |                |             | 13,790  |  |
| Heartland Dental, LLC                                       |  | Healthcare Services                 |  |  3.60% (L + 3.50%) |  | 4/30/2025  |  | 18,350                         |             |            | 18,302  |                |             | 18,191  |  |
| Help/Systems Holdings, Inc.                             |  | Software                            |  |  4.75% (L + 4.00%) |  | 11/19/2026 |  | 18,254                         |             |            | 18,112  |                |             | 18,214  |  |
| Higginbotham Insurance Agency, Inc.                         |  | Insurance Services                  |  |  6.25% (L + 5.50%) |  | 11/25/2026 |  | 9,170                          |             |            | 9,096   |                |             | 9,239   |  |
| HighTower Holding, LLC                                      |  | Financial Services                  |  |  4.75% (L + 4.00%) |  | 4/21/2028  |  | 4,826                          |             |            | 4,781   |                |             | 4,838   |  |
| Idera, Inc.                                                 |  | Software                            |  |  4.50% (L + 3.75%) |  | 3/2/2028   |  | 15,964                         |             |            | 15,951  |                |             | 15,997  |  |
| Kestra Advisor Services Holdings A, Inc.                    |  | Financial Services                  |  |  4.36% (L + 4.25%) |  | 6/3/2026   |  | 12,058                         |             |            | 12,000  |                |             | 11,998  |  |
| LI Group Holdings, Inc.                                     |  | Software                            |  |  4.50% (L + 3.75%) |  | 3/11/2028  |  | 4,620                          |             |            | 4,610   |                |             | 4,620   |  |
| LSCS Holdings, Inc.                                         |  | Healthcare Services                 |  |  5.00% (L + 4.50%) |  | 12/16/2028 |  | 7,644                          |             |            | 7,605   |                |             | 7,663   |  |
| Mamba Purchaser, Inc.                                       |  | Healthcare Services                 |  |  4.25% (L + 3.75%) |  | 10/16/2028 |  | 5,773                          |             |            | 5,745   |                |             | 5,777   |  |
| Maravai Intermediate Holdings, LLC                          |  | Specialty Chemicals & Materials |  |  4.75% (L + 3.75%) |  | 10/19/2027 |  | 2,939                          |             |            | 2,914   |                |             | 2,956   |  |
| Maverick Bidco Inc.                                         |  | Software                            |  |  4.50% (L + 3.75%) |  | 5/18/2028  |  | 4,000                          |             |            | 3,982   |                |             | 4,008   |  |
| Mavis Tire Express Services Topco Corp.                     |  | Retail                              |  |  4.75% (L + 4.00%) |  | 5/4/2028   |  | 4,216                          |             |            | 4,197   |                |             | 4,224   |  |
| MED ParentCo, LP                                            |  | Healthcare Services                 |  |  4.35% (L + 4.25%) |  | 8/31/2026  |  | 12,718                         |             |            | 12,633  |                |             | 12,727  |  |

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Table of Contents

|                                                              |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |               |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|------------------------------|--|-------------------------|--|--------------------|--|-------------------------------------|---------------|------------|---------------|----------------|---------------|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment                     |  | Industry                     |  | Interest Rate (1)       |  | Maturity Date      |  |  Principal Amount or Par Value |               |  Cost |               | Fair Value (2) |
| Mercury Borrower, Inc.                                       |  | Business Services            |  |  4.00% (L + 3.50%) |  | 8/2/2028   |  | $                                   | 4,211    |            |               | $              | 4,189    |               |  | $ | 4,204    |  |
| MH Sub I, LLC (Micro Holding Corp.)                          |  | Software                     |  |  4.75% (L + 3.75%) |  | 9/13/2024  |  | 10,804                         |               |            | 10,777   |                |               | 10,842   |  |
| National Intergovernmental Purchasing Alliance Company       |  | Business Services            |  |  3.72% (L + 3.50%) |  | 5/23/2025  |  | 8,540                          |               |            | 8,538    |                |               | 8,526    |  |
| Navex Topco, Inc.                                            |  | Software                     |  |  3.36% (L + 3.25%) |  | 9/5/2025   |  | 17,024                         |               |            | 16,927   |                |               | 16,946   |  |
| Netsmart, Inc.                                               |  | Healthcare I.T.              |  |  4.75% (L + 4.00%) |  | 10/1/2027  |  | 3,980                          |               |            | 3,980    |                |               | 3,992    |  |
| Newport Group Holdings II, Inc.                              |  | Business Services            |  |  3.72% (L + 3.50%) |  | 9/12/2025  |  | 4,838                          |               |            | 4,824    |                |               | 4,835    |  |
| Outcomes Group Holdings, Inc.                                |  | Healthcare Services          |  |  3.47% (L + 3.25%) |  | 10/24/2025 |  | 3,366                          |               |            | 3,361    |                |               | 3,335    |  |
| Peraton Corp.                                                |  | Federal Services             |  |  4.50% (L + 3.75%) |  | 2/1/2028   |  | 7,444                          |               |            | 7,410    |                |               | 7,460    |  |
| PetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC) |  | Consumer Services            |  |  4.25% (L + 3.50%) |  | 2/14/2025  |  | 5,719                          |               |            | 5,716    |                |               | 5,726    |  |
| Planview Parent, Inc.                                        |  | Software                     |  |  4.75% (L + 4.00%) |  | 12/17/2027 |  | 7,919                          |               |            | 7,850    |                |               | 7,929    |  |
| Premise Health Holding Corp.                                 |  | Healthcare Services          |  |  3.72% (L + 3.50%) |  | 7/10/2025  |  | 7,483                          |               |            | 7,462    |                |               | 7,455    |  |
| Project Ruby Ultimate Parent Corp.                           |  | Healthcare I.T.              |  |  4.00% (L + 3.25%) |  | 3/10/2028  |  | 11,414                         |               |            | 11,361   |                |               | 11,407   |  |
| Quest Software US Holdings Inc.                              |  | Software                     |  |  4.38% (L + 4.25%) |  | 5/16/2025  |  | 14,550                         |               |            | 14,511   |                |               | 14,555   |  |
| RealPage, Inc.                                               |  | Business Services            |  |  3.75% (L + 3.25%) |  | 4/24/2028  |  | 13,965                         |               |            | 13,933   |                |               | 13,941   |  |
| RLG Holdings, LLC                                            |  | Packaging                    |  |  5.00% (L + 4.25%) |  | 7/7/2028   |  | 5,844                          |               |            | 5,816    |                |               | 5,841    |  |
| Sierra Enterprises, LLC                                      |  | Food & Beverage          |  |  5.00% (L + 4.00%) |  | 11/11/2024 |  | 2,406                          |               |            | 2,405    |                |               | 2,406    |  |
| Snap One Holdings Corp.                                      |  | Distribution & Logistics |  |  5.00% (L + 4.50%) |  | 12/8/2028  |  | 6,672                          |               |            | 6,606    |                |               | 6,664    |  |
| Sovos Brands Intermediate, Inc.                              |  | Food & Beverage          |  |  4.50% (L + 3.75%) |  | 6/8/2028   |  | 9,429                          |               |            | 9,407    |                |               | 9,437    |  |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)  |  | Education                    |  |  4.47% (L + 4.25%) |  | 7/30/2025  |  | 12,058                         |               |            | 12,041   |                |               | 11,666   |  |
| Storable, Inc.                                               |  | Software                     |  |  3.75% (L + 3.25%) |  | 4/17/2028  |  | 3,862                          |               |            | 3,853    |                |               | 3,854    |  |
| Symplr Software, Inc.                                        |  | Healthcare I.T.              |  |  5.25% (L + 4.50%) |  | 12/22/2027 |  | 15,880                         |               |            | 15,750   |                |               | 15,938   |  |
| Syndigo LLC                                                  |  | Software                     |  |  5.25% (L + 4.50%) |  | 12/15/2027 |  | 14,888                         |               |            | 14,790   |                |               | 14,925   |  |
| Therapy Brands Holdings LLC                                  |  | Healthcare I.T.              |  |  4.75% (L + 4.00%) |  | 5/18/2028  |  | 3,400                          |               |            | 3,384    |                |               | 3,400    |  |
| Thermostat Purchaser III, Inc.                               |  | Business Services            |  |  5.25% (L + 4.50%) |  | 8/31/2028  |  | 5,953                          |               |            | 5,924    |                |               | 5,953    |  |
| TIBCO Software Inc.                                          |  | Software                     |  |  3.86% (L + 3.75%) |  | 6/30/2026  |  | 7,577                          |               |            | 7,563    |                |               | 7,535    |  |
| Trader Interactive, LLC (fka Dominion Web Solutions LLC)     |  | Business Services            |  |  4.50% (L + 4.00%) |  | 46962              |  | 4,910                          |               |            | 4,886    |                |               | 4,904    |  |
| Unified Women's Healthcare, LP                               |  | Healthcare Services          |  |  5.00% (L + 4.25%) |  | 46741              |  | 9,950                          |               |            | 9,883    |                |               | 9,984    |  |
| Valcour Packaging, LLC                                       |  | Packaging                    |  |  4.25% (L + 3.75%) |  | 10/4/2028  |  | 4,538                          |               |            | 4,524    |                |               | 4,538    |  |
| VetCor Professional Practices LLC                            |  | Consumer Services            |  |  5.00% (L + 4.25%) |  | 7/2/2025   |  | 6,980                          |               |            | 6,846    |                |               | 6,922    |  |
| VT Topco, Inc.                                               |  | Business Services            |  |  3.35% (L + 3.25%) |  | 8/1/2025   |  | 2,766                          |               |            | 2,766    |                |               | 2,748    |  |
| VT Topco, Inc.                                               |  | Business Services            |  |  4.50% (L + 3.75%) |  | 8/1/2025   |  | 849                            |               |            | 845      |                |               | 844      |  |
| Waystar Technologies, Inc.                                   |  | Healthcare Services          |  |  4.10% (L + 4.00%) |  | 10/22/2026 |  | 4,066                          |               |            | 4,058    |                |               | 4,069    |  |
| WP CityMD Bidco LLC                                          |  | Healthcare Services          |  |  3.75% (L + 3.25%) |  | 12/22/2028 |  | 9,180                          |               |            | 9,136    |                |               | 9,182    |  |
| Wrench Group LLC                                             |  | Consumer Services            |  |  4.22% (L + 4.00%) |  | 4/30/2026  |  | 7,905                          |               |            | 7,886    |                |               | 7,905    |  |
| YI, LLC                                                      |  | Healthcare Services          |  |  5.00% (L + 4.00%) |  | 11/7/2024  |  | 9,590                          |               |            | 9,586    |                |               | 9,542    |  |
| Total Funded Investments                                     |  |                              |  |                         |  |                    |  | 704,948                        |               |            | 701,756  |                |               | 702,149  |  |
| Unfunded Investments - First lien                            |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |
| Confluent Health, LLC                                        |  | Healthcare Services          |  | —                 |  | 11/30/2023 |  | 2,638                          |               |            | (13)          |                |               | —  |  |
| Therapy Brands Holdings LLC                                  |  | Healthcare I.T.              |  | —                 |  | 5/18/2023  |  | 735                            |               |            | —  |                |               | —  |  |
| Thermostat Purchaser III, Inc.                               |  | Business Services            |  | —                 |  | 8/31/2023  |  | 1,047                          |               |            | —  |                |               | —  |  |
| VT Topco, Inc.                                               |  | Business Services            |  | —                 |  | 8/1/2023   |  | 149                            |               |            | —  |                |               | (1)           |  |
|                                                              |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |
|                                                              |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |
|                                                              |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |
|                                                              |  |                              |  |                         |  |                    |  | $                                   | 4,569    |            |               | $              | (13)          |               |  | $ | (1)           |  |
|                                                              |  |                              |  |                         |  |                    |  | $                                   | 709,517  |            |               | $              | 701,743  |               |  | $ | 702,148  |  |

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Table of Contents

|                                                                                               |                |               |                   |               |   |               |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------|---------------|-------------------|---------------|---|---------------|--|--|--|--|--|
| Selected Balance Sheet Information:                                                       | March 31, 2022 |               | December 31, 2021 |
| Investments at fair value (cost of $700,322 and $701,743)                                     | $              | 695,232  |                   |               | $ | 702,148  |  |
| Cash and other assets                                                                         | 11,732    |               |                   | 16,505   |   |
| Receivable from unsettled securities sold                                                     | —   |               |                   | 7,351    |   |
| Total assets                                                                                  | $              | 706,964  |                   |               | $ | 726,004  |  |
|                                                                                               |                |               |                   |
| Credit facility                                                                               | $              | 517,600  |                   |               | $ | 510,900  |  |
| Deferred financing costs (net of accumulated amortization of $3,708 and $3,338, respectively) | (2,827)        |               |                   | (3,198)       |   |
| Payable for unsettled securities purchased                                                    | 13,950    |               |                   | 34,552   |   |
| Distribution payable                                                                          | 5,797     |               |                   | 5,031    |   |
| Other liabilities                                                                             | 2,318     |               |                   | 2,378    |   |
| Total liabilities                                                                             | 536,838   |               |                   | 549,663  |   |
|                                                                                               |                |               |                   |
| Members' capital                                                                              | $              | 170,126  |                   |               | $ | 176,341  |  |
| Total liabilities and members' capital                                                        | $              | 706,964  |                   |               | $ | 726,004  |  |

|                                                                     |                    |             |                |             |   |             |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--------------------|-------------|----------------|-------------|---|-------------|--|--|--|--|--|--|--|--|--|
| Selected Statement of Operations Information:                   | Three Months Ended |             |                |
|                                                                     | March 31, 2022     |             | March 31, 2021 |             |   |             |  |
| Interest income                                                     | $                  | 7,930  |                |             | $ | 7,371  |  |  |  |  |  |
| Other income                                                        | 130           |             |                | 103    |   |             |  |  |  |
| Total investment income                                             | 8,060         |             |                | 7,474  |   |             |  |  |  |
|                                                                     |                    |             |                |             |   |             |  |
| Interest and other financing expenses                               | 2,751         |             |                | 2,584  |   |             |  |  |  |
| Other expenses                                                      | 219           |             |                | 171    |   |             |  |  |  |
| Total expenses                                                      | 2,970         |             |                | 2,755  |   |             |  |  |  |
|                                                                     |                    |             |                |             |   |             |  |
|                                                                     |                    |             |                |             |   |             |  |
| Net investment income                                               | 5,090         |             |                | 4,719  |   |             |  |  |  |
|                                                                     |                    |             |                |             |   |             |  |
| Net realized (losses) gains on investments                          | (13)               |             |                | 213    |   |             |  |  |  |
| Net change in unrealized (depreciation) appreciation of investments | (5,495)            |             |                | 4,809  |   |             |  |  |  |
| Net (decrease) increase in members' capital                         | $                  | (418)       |                |             | $ | 9,741  |  |  |  |  |  |

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Table of Contents

|                                                              |  |                |               |                   |            |               |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|----------------|---------------|-------------------|------------|---------------|--|--|--|--|--|--|--|--|
|                                                              |  | March 31, 2022 |               | December 31, 2021 |
| First lien investments (1)                                   |  | $              | 507,457  |                   |            | 513,298  |  |
| Weighted average interest rate on first lien investments (2) |  | 4.79      | %             |                   | 4.64  | %             |
| Number of portfolio companies in SLP IV                      |  | 72        |               |                   | 68    |               |
| Largest portfolio company investment (1)                     |  | $              | 22,157   |                   |            | 22,215   |  |
| Total of five largest portfolio company investments (1)      |  | $              | 94,595   |                   |            | 99,875   |  |

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Table of Contents

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|--------------------------------------------------------|--|-------------------------------------|--|-------------------------------------|--|--------------------|--|-------------------------------------|--------------|------------|--------------|----------------|--------------|--------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment               |  | Industry                            |  | Interest Rate (1)                   |  | Maturity Date      |  |  Principal Amount or Par Value |              |  Cost |              | Fair Value (2) |
| Funded Investments - First lien                        |  |                                     |  |                                     |  |                    |  |                                     |              |            |              |                |
| ADG, LLC                                               |  | Healthcare Services                 |  |  6.25% (L + 4.75% + 0.50% PIK) |  | 9/28/2023  |  | $                                   | 16,585  |            |              | $              | 16,545  |              |  | $ | 16,585  |  |
| ADMI Corp. (aka Aspen Dental)                          |  | Healthcare Services                 |  |  4.00% (L + 3.50%)             |  | 12/23/2027 |  | 1,866                          |              |            | 1,857   |                |              | 1,847   |  |
| Advisor Group Holdings, Inc.                           |  | Financial Services                  |  |  4.96% (L + 4.50%)             |  | 7/31/2026  |  | 11,667                         |              |            | 11,590  |                |              | 11,606  |  |
| Artera Services, LLC                                   |  | Distribution & Logistics        |  |  4.51% (L + 3.50%)             |  | 3/6/2025   |  | 5,315                          |              |            | 5,283   |                |              | 5,021   |  |
| athenahealth Group Inc.                                |  | Healthcare Information Technology   |  |  4.00% (SOFR + 3.50%)          |  | 2/15/2029  |  | 2,311                          |              |            | 2,300   |                |              | 2,291   |  |
| Bayou Intermediate II, LLC                             |  | Healthcare Services                 |  |  5.25% (L + 4.50%)             |  | 8/2/2028   |  | 8,672                          |              |            | 8,632   |                |              | 8,542   |  |
| Bearcat Buyer, Inc.                                    |  | Healthcare Services                 |  |  5.26% (L + 4.25%)             |  | 7/9/2026   |  | 409                            |              |            | 407     |                |              | 409     |  |
| Bearcat Buyer, Inc.                                    |  | Healthcare Services                 |  |  5.26% (L + 4.25%)             |  | 7/9/2026   |  | 1,971                          |              |            | 1,964   |                |              | 1,971   |  |
| Bella Holding Company, LLC                             |  | Healthcare Services                 |  |  4.50% (L + 3.75%)             |  | 5/10/2028  |  | 1,764                          |              |            | 1,758   |                |              | 1,748   |  |
| Bleriot US Bidco Inc.                                  |  | Federal Services                    |  |  5.01% (L + 4.00%)             |  | 10/30/2026 |  | 3,970                          |              |            | 3,970   |                |              | 3,959   |  |
| Bracket Intermediate Holding Corp.                     |  | Healthcare Services                 |  |  4.47% (L + 4.25%)             |  | 9/5/2025   |  | 4,462                          |              |            | 4,450   |                |              | 4,434   |  |
| Brave Parent Holdings, Inc.                            |  | Software                            |  |  4.46% (L + 4.00%)             |  | 4/18/2025  |  | 2,383                          |              |            | 2,379   |                |              | 2,353   |  |
| Cano Health, LLC                                       |  | Healthcare Services                 |  |  4.51% (SOFR + 4.00%)          |  | 11/23/2027 |  | 8,110                          |              |            | 8,104   |                |              | 8,008   |  |
| CE Intermediate I, LLC                                 |  | Software                            |  |  4.50% (L + 4.00%)             |  | 11/10/2028 |  | 8,239                          |              |            | 8,183   |                |              | 8,157   |  |
| CentralSquare Technologies, LLC                        |  | Software                            |  |  4.76% (L + 3.75%)             |  | 8/29/2025  |  | 14,512                         |              |            | 14,493  |                |              | 13,743  |  |
| Certara Holdco, Inc.                                   |  | Healthcare Information Technology   |  |  3.96% (L + 3.50%)             |  | 8/15/2026  |  | 3,930                          |              |            | 3,921   |                |              | 3,903   |  |
| CHA Holdings, Inc.                                     |  | Business Services                   |  |  5.51% (L + 4.50%)             |  | 4/10/2025  |  | 1,999                          |              |            | 1,994   |                |              | 1,999   |  |
| CHA Holdings, Inc.                                     |  | Business Services                   |  |  5.51% (L + 4.50%)             |  | 4/10/2025  |  | 10,891                         |              |            | 10,868  |                |              | 10,891  |  |
| Confluent Health, LLC                                  |  | Healthcare Services                 |  |  6.50% (P + 3.00%)             |  | 11/30/2028 |  | 114                            |              |            | 114     |                |              | 113     |  |
| Confluent Health, LLC                                  |  | Healthcare Services                 |  |  4.50% (L + 4.00%)             |  | 11/30/2028 |  | 8,076                          |              |            | 8,036   |                |              | 8,005   |  |
| Confluent Medical Technologies, Inc.                   |  | Healthcare Products                 |  |  4.25% (SOFR + 3.75%)          |  | 2/16/2029  |  | 7,000                          |              |            | 6,965   |                |              | 6,873   |  |
| Cornerstone OnDemand, Inc.                             |  | Software                            |  |  4.25% (L + 3.75%)             |  | 10/16/2028 |  | 3,247                          |              |            | 3,231   |                |              | 3,218   |  |
| Cvent, Inc.                                            |  | Software                            |  |  4.21% (L + 3.75%)             |  | 11/29/2024 |  | 2,322                          |              |            | 2,319   |                |              | 2,305   |  |
| Dealer Tire, LLC                                       |  | Distribution & Logistics        |  |  4.71% (L + 4.25%)             |  | 12/12/2025 |  | 10,721                         |              |            | 10,703  |                |              | 10,651  |  |
| Dispatch Acquisition Holdings, LLC                     |  | Industrial Services                 |  |  5.26% (L + 4.25%)             |  | 3/27/2028  |  | 9,950                          |              |            | 9,830   |                |              | 9,751   |  |
| Drilling Info Holdings, Inc.                           |  | Business Services                   |  |  4.71% (L + 4.25%)             |  | 7/30/2025  |  | 20,447                         |              |            | 20,400  |                |              | 20,294  |  |
| EAB Global, Inc.                                       |  | Education                           |  |  4.00% (L + 3.50%)             |  | 8/16/2028  |  | 9,975                          |              |            | 9,929   |                |              | 9,892   |  |
| Emerald 2 Limited                                      |  | Business Services                   |  |  3.96% (L + 3.50%)             |  | 7/12/2028  |  | 444                            |              |            | 443     |                |              | 438     |  |
| Energize Holdco LLC                                    |  | Business Services                   |  |  4.25% (L + 3.75%)             |  | 12/8/2028  |  | 9,068                          |              |            | 9,024   |                |              | 8,946   |  |
| eResearchTechnology, Inc.                              |  | Healthcare Services                 |  |  5.50% (L + 4.50%)             |  | 2/4/2027   |  | 4,418                          |              |            | 4,386   |                |              | 4,406   |  |
| EyeCare Partners, LLC                                  |  | Healthcare Services                 |  |  4.76% (L + 3.75%)             |  | 11/15/2028 |  | 10,000                         |              |            | 9,976   |                |              | 9,908   |  |
| Foundational Education Group, Inc.                     |  | Education                           |  |  4.75% (L + 4.25%)             |  | 8/31/2028  |  | 6,484                          |              |            | 6,423   |                |              | 6,484   |  |
| Greenway Health, LLC                                   |  | Healthcare Information Technology   |  |  5.25% (L + 3.75%)             |  | 2/16/2024  |  | 20,894                         |              |            | 20,862  |                |              | 19,607  |  |
| Heartland Dental, LLC                                  |  | Healthcare Services                 |  |  3.96% (L + 3.50%)             |  | 4/30/2025  |  | 3,563                          |              |            | 3,555   |                |              | 3,529   |  |
| Heartland Dental, LLC                                  |  | Healthcare Services                 |  |  4.45% (L + 4.00%)             |  | 4/30/2025  |  | 6,253                          |              |            | 6,228   |                |              | 6,219   |  |
| Help/Systems Holdings, Inc.                        |  | Software                            |  |  4.75% (L + 4.00%)             |  | 11/19/2026 |  | 9,884                          |              |            | 9,853   |                |              | 9,803   |  |
| Hunter Holdco 3 Limited                                |  | Healthcare Services                 |  |  5.26% (L + 4.25%)             |  | 8/19/2028  |  | 3,949                          |              |            | 3,913   |                |              | 3,939   |  |
| Idera, Inc.                                            |  | Software                            |  |  4.50% (L + 3.75%)             |  | 3/2/2028   |  | 9,295                          |              |            | 9,224   |                |              | 9,144   |  |
| Kestra Advisor Services Holdings A, Inc.               |  | Financial Services                  |  |  5.26% (L + 4.25%)             |  | 6/3/2026   |  | 5,472                          |              |            | 5,422   |                |              | 5,421   |  |
| LSCS Holdings, Inc.                                    |  | Healthcare Services                 |  |  5.00% (L + 4.50%)             |  | 12/16/2028 |  | 5,882                          |              |            | 5,853   |                |              | 5,825   |  |
| Mamba Purchaser, Inc.                                  |  | Healthcare Services                 |  |  4.25% (L + 3.75%)             |  | 10/16/2028 |  | 4,124                          |              |            | 4,104   |                |              | 4,084   |  |
| Mandolin Technology Intermediate Holdings, Inc.        |  | Software                            |  |  4.25% (L + 3.75%)             |  | 7/31/2028  |  | 9,975                          |              |            | 9,929   |                |              | 9,913   |  |
| Maverick Bidco Inc.                                    |  | Software                            |  |  4.50% (L + 3.75%)             |  | 5/18/2028  |  | 7,980                          |              |            | 7,944   |                |              | 7,982   |  |
| Mavis Tire Express Services Topco Corp.                |  | Retail                              |  |  4.75% (L + 4.00%)             |  | 5/4/2028   |  | 8,411                          |              |            | 8,374   |                |              | 8,369   |  |
| Mercury Borrower, Inc.                                 |  | Business Services                   |  |  4.56% (L + 3.50%)             |  | 8/2/2028   |  | 6,234                          |              |            | 6,206   |                |              | 6,199   |  |
| MH Sub I, LLC (Micro Holding Corp.)                    |  | Software                            |  |  4.75% (L + 3.75%)             |  | 9/13/2024  |  | 7,878                          |              |            | 7,860   |                |              | 7,816   |  |
| National Intergovernmental Purchasing Alliance Company |  | Business Services                   |  |  4.51% (L + 3.50%)             |  | 5/23/2025  |  | 1,327                          |              |            | 1,329   |                |              | 1,309   |  |
| Netsmart, Inc.                                         |  | Healthcare Information Technology   |  |  4.75% (L + 4.00%)             |  | 10/1/2027  |  | 6,947                          |              |            | 6,947   |                |              | 6,921   |  |
| OEConnection LLC                                       |  | Business Services                   |  |  4.46% (L + 4.00%)             |  | 9/25/2026  |  | 4,112                          |              |            | 4,083   |                |              | 4,051   |  |
| Pearls (Netherlands) Bidco B.V.                        |  | Specialty Chemicals & Materials |  |  4.50% (SOFR + 4.00%)          |  | 2/23/2029  |  | 1,343                          |              |            | 1,340   |                |              | 1,318   |  |

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Table of Contents

|                                                          |  |                                   |  |                            |  |                    |  |                                     |               |            |               |                |               |              |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|-----------------------------------|--|----------------------------|--|--------------------|--|-------------------------------------|---------------|------------|---------------|----------------|---------------|--------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment                 |  | Industry                          |  | Interest Rate (1)          |  | Maturity Date      |  |  Principal Amount or Par Value |               |  Cost |               | Fair Value (2) |
| PetVet Care Centers, LLC                                 |  | Consumer Services                 |  |  4.25% (L + 3.50%)    |  | 2/14/2025  |  | $                                   | 9,949    |            |               | $              | 9,926    |              |  | $ | 9,901    |  |
| Physician Partners, LLC                                  |  | Healthcare Services               |  |  4.50% (SOFR + 4.00%) |  | 12/23/2028 |  | 6,134                          |               |            | 6,073    |                |               | 6,076   |  |
| Premise Health Holding Corp.                             |  | Healthcare Services               |  |  4.51% (L + 3.50%)    |  | 7/10/2025  |  | 1,961                          |               |            | 1,956    |                |               | 1,946   |  |
| Project Boost Purchaser, LLC                             |  | Business Services                 |  |  4.00% (L + 3.50%)    |  | 5/30/2026  |  | 2,481                          |               |            | 2,476    |                |               | 2,460   |  |
| RealPage, Inc.                                           |  | Business Services                 |  |  3.75% (L + 3.25%)    |  | 4/24/2028  |  | 4,975                          |               |            | 4,958    |                |               | 4,926   |  |
| RLG Holdings, LLC                                        |  | Packaging                         |  |  5.00% (L + 4.25%)    |  | 7/7/2028   |  | 4,755                          |               |            | 4,733    |                |               | 4,725   |  |
| Sierra Enterprises, LLC                                  |  | Food & Beverage               |  |  5.00% (L + 4.00%)    |  | 11/11/2024 |  | 4,205                          |               |            | 4,194    |                |               | 4,131   |  |
| Snap One Holdings Corp.                                  |  | Distribution & Logistics      |  |  5.51% (L + 4.50%)    |  | 12/8/2028  |  | 8,649                          |               |            | 8,566    |                |               | 8,606   |  |
| Sovos Brands Intermediate, Inc.                          |  | Food & Beverage               |  |  4.50% (L + 3.75%)    |  | 6/8/2028   |  | 8,290                          |               |            | 8,271    |                |               | 8,221   |  |
| Storable, Inc.                                           |  | Software                          |  |  4.05% (SOFR + 3.50%) |  | 4/17/2028  |  | 3,990                          |               |            | 3,968    |                |               | 3,948   |  |
| Symplr Software, Inc.                                    |  | Healthcare Information Technology |  |  5.25% (SOFR + 4.50%) |  | 12/22/2027 |  | 3,793                          |               |            | 3,784    |                |               | 3,746   |  |
| Syndigo LLC                                              |  | Software                          |  |  5.25% (L + 4.50%)    |  | 12/15/2027 |  | 7,819                          |               |            | 7,814    |                |               | 7,819   |  |
| Therapy Brands Holdings LLC                              |  | Healthcare Information Technology |  |  4.79% (L + 4.00%)    |  | 5/18/2028  |  | 4,598                          |               |            | 4,577    |                |               | 4,569   |  |
| Thermostat Purchaser III, Inc.                           |  | Business Services                 |  |  5.25% (L + 4.50%)    |  | 8/31/2028  |  | 4,242                          |               |            | 4,222    |                |               | 4,210   |  |
| TIBCO Software Inc.                                      |  | Software                          |  |  4.21% (L + 3.75%)    |  | 6/30/2026  |  | 2,970                          |               |            | 2,954    |                |               | 2,956   |  |
| Trader Interactive, LLC (fka Dominion Web Solutions LLC) |  | Business Services                 |  |  4.50% (L + 4.00%)    |  | 7/28/2028  |  | 5,018                          |               |            | 4,995    |                |               | 4,968   |  |
| Unified Women's Healthcare, LP                           |  | Healthcare Services               |  |  5.00% (L + 4.25%)    |  | 12/20/2027 |  | 7,382                          |               |            | 7,348    |                |               | 7,324   |  |
| USIC Holdings, Inc.                                      |  | Business Services                 |  |  4.25% (L + 3.50%)    |  | 5/12/2028  |  | 3,829                          |               |            | 3,816    |                |               | 3,801   |  |
| Valcour Packaging, LLC                                   |  | Packaging                         |  |  4.25% (L + 3.75%)    |  | 10/4/2028  |  | 3,301                          |               |            | 3,292    |                |               | 3,235   |  |
| Vetcor Professional Practices LLC                        |  | Consumer Services                 |  |  5.05% (L + 4.25%)    |  | 7/2/2025   |  | 9,947                          |               |            | 9,768    |                |               | 9,816   |  |
| Virtusa Corporation                                      |  | Information Technology            |  |  4.50% (SOFR + 3.75%) |  | 2/15/2029  |  | 2,298                          |               |            | 2,275    |                |               | 2,278   |  |
| VT Topco, Inc.                                           |  | Business Services                 |  |  4.76% (L + 3.75%)    |  | 8/1/2025   |  | 8,468                          |               |            | 8,432    |                |               | 8,399   |  |
| WP CityMD Bidco LLC                                      |  | Healthcare Services               |  |  3.75% (L + 3.25%)    |  | 12/22/2028 |  | 7,044                          |               |            | 6,995    |                |               | 7,012   |  |
| Wrench Group LLC                                         |  | Consumer Services                 |  |  5.01% (L + 4.00%)    |  | 4/30/2026  |  | 9,542                          |               |            | 9,485    |                |               | 9,483   |  |
| YI, LLC                                                  |  | Healthcare Services               |  |  5.00% (L + 4.00%)    |  | 11/7/2024  |  | 22,157                         |               |            | 22,146   |                |               | 21,894  |  |
| Zone Climate Services, Inc.                              |  | Consumer Services                 |  |  5.75% (SOFR + 4.75%) |  | 3/9/2028   |  | 10,000                         |               |            | 9,802    |                |               | 9,900   |  |
|                                                          |  |                                   |  |                            |  |                    |  |                                     |               |            |               |                |
| Total Funded Investments                                 |  |                                   |  |                            |  |                    |  | $                                   | 502,642  |            |               | $              | 500,329  |              |  | $ | 496,550  |  |
|                                                          |  |                                   |  |                            |  |                    |  |                                     |               |            |               |                |
| Unfunded Investments - First lien                        |  |                                   |  |                            |  |                    |  |                                     |               |            |               |                |
| athenahealth Group Inc.                                  |  | Healthcare Information Technology |  | —                    |  | 1/26/2023  |  | $                                   | 392      |            |               | $              | —  |              |  | $ | —  |  |
| Confluent Health, LLC                                    |  | Healthcare Services               |  | —                    |  | 11/30/2028 |  | 1,644                          |               |            | (8)           |                |               | (14)         |  |
| Therapy Brands Holdings LLC                              |  | Healthcare Information Technology |  | —                    |  | 5/18/2023  |  | 1,470                          |               |            | —  |                |               | (9)          |  |
| Thermostat Purchaser III, Inc.                           |  | Business Services                 |  | —                    |  | 8/31/2023  |  | 748                            |               |            | —  |                |               | (6)          |  |
| VT Topco, Inc.                                           |  | Business Services                 |  | —                    |  | 8/4/2023   |  | 561                            |               |            | —  |                |               | (5)          |  |
| Total Unfunded Investments                               |  |                                   |  |                            |  |                    |  | $                                   | 4,815    |            |               | $              | (8)           |              |  | $ | (34)          |  |
| Total Investments                                        |  |                                   |  |                            |  |                    |  | $                                   | 507,457  |            |               | $              | 500,321  |              |  | $ | 496,516  |  |
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Table of Contents

|                                                        |  |                                   |  |                                     |  |                    |  |                                     |              |            |              |                |              |              |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|--|-----------------------------------|--|-------------------------------------|--|--------------------|--|-------------------------------------|--------------|------------|--------------|----------------|--------------|--------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment               |  | Industry                          |  | Interest Rate (1)                   |  | Maturity Date      |  |  Principal Amount or Par Value |              |  Cost |              | Fair Value (2) |
| Funded Investments - First lien                        |  |                                   |  |                                     |  |                    |  |                                     |              |            |              |                |
| ADG, LLC                                               |  | Healthcare Services               |  |  6.25% (L + 4.75% + 0.50% PIK) |  | 9/28/2023  |  | $                                   | 16,565  |            |              | $              | 16,518  |              |  | $ | 16,565  |  |
| ADMI Corp. (aka Aspen Dental)                          |  | Healthcare Services               |  |  4.00% (L + 3.50%)             |  | 12/23/2027 |  | 1,870                          |              |            | 1,862   |                |              | 1,870   |  |
| Advisor Group Holdings, Inc.                           |  | Financial Services                |  |  4.60% (L + 4.50%)             |  | 7/31/2026  |  | 11,697                         |              |            | 11,615  |                |              | 11,735  |  |
| Artera Services, LLC                                   |  | Distribution & Logistics      |  |  4.50% (L + 3.50%)             |  | 3/6/2025   |  | 5,329                          |              |            | 5,293   |                |              | 5,173   |  |
| Bayou Intermediate II, LLC                             |  | Healthcare Services               |  |  5.25% (L + 4.50%)             |  | 8/2/2028   |  | 8,693                          |              |            | 8,652   |                |              | 8,704   |  |
| Bearcat Buyer, Inc.                                    |  | Healthcare Services               |  |  5.25% (L + 4.25%)             |  | 7/9/2026   |  | 1,976                          |              |            | 1,969   |                |              | 1,976   |  |
| Bearcat Buyer, Inc.                                    |  | Healthcare Services               |  |  5.25% (L + 4.25%)             |  | 7/9/2026   |  | 410                            |              |            | 408     |                |              | 410     |  |
| Bella Holding Company, LLC                             |  | Healthcare Services               |  |  4.50% (L + 3.75%)             |  | 5/10/2028  |  | 1,769                          |              |            | 1,763   |                |              | 1,770   |  |
| Bleriot US Bidco Inc.                                  |  | Federal Services                  |  |  4.22% (L + 4.00%)             |  | 10/30/2026 |  | 3,980                          |              |            | 3,980   |                |              | 3,983   |  |
| Bracket Intermediate Holding Corp.                     |  | Healthcare Services               |  |  4.38% (L + 4.25%)             |  | 9/5/2025   |  | 4,473                          |              |            | 4,461   |                |              | 4,469   |  |
| Brave Parent Holdings, Inc.                            |  | Software                          |  |  4.10% (L + 4.00%)             |  | 4/18/2025  |  | 2,390                          |              |            | 2,385   |                |              | 2,392   |  |
| Cano Health, LLC                                       |  | Healthcare Services               |  |  5.25% (L + 4.50%)             |  | 11/23/2027 |  | 5,737                          |              |            | 5,731   |                |              | 5,748   |  |
| CE Intermediate I, LLC                                 |  | Software                          |  |  4.50% (L + 4.00%)             |  | 11/10/2028 |  | 8,239                          |              |            | 8,182   |                |              | 8,188   |  |
| CentralSquare Technologies, LLC                        |  | Software                          |  |  3.97% (L + 3.75%)             |  | 8/29/2025  |  | 14,550                         |              |            | 14,530  |                |              | 13,761  |  |
| Certara Holdco, Inc.                                   |  | Healthcare Information Technology |  |  3.60% (L + 3.50%)             |  | 8/15/2026  |  | 3,940                          |              |            | 3,931   |                |              | 3,932   |  |
| CHA Holdings, Inc.                                     |  | Business Services                 |  |  5.50% (L + 4.50%)             |  | 4/10/2025  |  | 10,919                         |              |            | 10,894  |                |              | 10,919  |  |
| CHA Holdings, Inc.                                     |  | Business Services                 |  |  5.50% (L + 4.50%)             |  | 4/10/2025  |  | 2,004                          |              |            | 1,998   |                |              | 2,004   |  |
| Confluent Health, LLC                                  |  | Healthcare Services               |  |  4.50% (L + 4.00%)             |  | 11/30/2028 |  | 8,076                          |              |            | 8,035   |                |              | 8,076   |  |
| Cornerstone OnDemand, Inc.                             |  | Software                          |  |  4.25% (L + 3.75%)             |  | 10/16/2028 |  | 3,247                          |              |            | 3,231   |                |              | 3,244   |  |
| Cvent, Inc.                                            |  | Software                          |  |  3.85% (L + 3.75%)             |  | 11/29/2024 |  | 2,322                          |              |            | 2,319   |                |              | 2,322   |  |
| Dealer Tire, LLC                                       |  | Distribution & Logistics      |  |  4.35% (L + 4.25%)             |  | 12/12/2025 |  | 10,748                         |              |            | 10,729  |                |              | 10,767  |  |
| Dispatch Acquisition Holdings, LLC                     |  | Industrial Services               |  |  5.00% (L + 4.25%)             |  | 3/27/2028  |  | 9,975                          |              |            | 9,851   |                |              | 9,969   |  |
| Drilling Info Holdings, Inc.                           |  | Business Services                 |  |  4.35% (L + 4.25%)             |  | 7/30/2025  |  | 20,500                         |              |            | 20,449  |                |              | 20,346  |  |
| EAB Global, Inc.                                       |  | Education                         |  |  4.00% (L + 3.50%)             |  | 8/16/2028  |  | 10,000                         |              |            | 9,952   |                |              | 9,961   |  |
| Emerald 2 Limited                                      |  | Business Services                 |  |  3.47% (L + 3.25%)             |  | 7/12/2028  |  | 445                            |              |            | 444     |                |              | 443     |  |
| Energize Holdco LLC                                    |  | Business Services                 |  |  4.25% (L + 3.75%)             |  | 12/8/2028  |  | 9,068                          |              |            | 9,023   |                |              | 9,045   |  |
| eResearchTechnology, Inc.                              |  | Healthcare Services               |  |  5.50% (L + 4.50%)             |  | 2/4/2027   |  | 4,429                          |              |            | 4,396   |                |              | 4,455   |  |
| EyeCare Partners, LLC                                  |  | Healthcare Services               |  |  4.25% (L + 3.75%)             |  | 11/15/2028 |  | 8,000                          |              |            | 7,980   |                |              | 7,982   |  |
| EyeCare Partners, LLC                                  |  | Healthcare Services               |  |  6.00% (P + 2.75%)             |  | 11/15/2028 |  | 1,364                          |              |            | 1,360   |                |              | 1,360   |  |
| Foundational Education Group, Inc.                     |  | Education                         |  |  4.75% (L + 4.25%)             |  | 8/31/2028  |  | 6,500                          |              |            | 6,438   |                |              | 6,516   |  |
| Greenway Health, LLC                                   |  | Healthcare Information Technology |  |  4.75% (L + 3.75%)             |  | 2/16/2024  |  | 20,948                         |              |            | 20,912  |                |              | 20,104  |  |
| Heartland Dental, LLC                                  |  | Healthcare Services               |  |  3.60% (L + 3.50%)             |  | 4/30/2025  |  | 3,572                          |              |            | 3,563   |                |              | 3,541   |  |
| Heartland Dental, LLC                                  |  | Healthcare Services               |  |  4.10% (L + 4.00%)             |  | 4/30/2025  |  | 6,269                          |              |            | 6,241   |                |              | 6,261   |  |
| Help/Systems Holdings, Inc.                        |  | Software                          |  |  4.75% (L + 4.00%)             |  | 11/19/2026 |  | 9,909                          |              |            | 9,876   |                |              | 9,888   |  |
| Hunter Holdco 3 Limited                                |  | Healthcare Services               |  |  4.75% (L + 4.25%)             |  | 8/19/2028  |  | 3,949                          |              |            | 3,911   |                |              | 3,959   |  |
| Idera, Inc.                                            |  | Software                          |  |  4.50% (L + 3.75%)             |  | 3/2/2028   |  | 9,318                          |              |            | 9,245   |                |              | 9,338   |  |
| Kestra Advisor Services Holdings A, Inc.               |  | Financial Services                |  |  4.36% (L + 4.25%)             |  | 6/3/2026   |  | 5,486                          |              |            | 5,434   |                |              | 5,459   |  |
| Keystone Acquisition Corp.                             |  | Healthcare Services               |  |  6.25% (L + 5.25%)             |  | 5/1/2024   |  | 5,171                          |              |            | 5,150   |                |              | 5,146   |  |
| LSCS Holdings, Inc.                                    |  | Healthcare Services               |  |  5.00% (L + 4.50%)             |  | 12/16/2028 |  | 5,897                          |              |            | 5,867   |                |              | 5,911   |  |
| Mamba Purchaser, Inc.                                  |  | Healthcare Services               |  |  4.25% (L + 3.75%)             |  | 10/16/2028 |  | 4,124                          |              |            | 4,104   |                |              | 4,126   |  |
| Mandolin Technology Intermediate Holdings, Inc.        |  | Software                          |  |  4.25% (L + 3.75%)             |  | 7/31/2028  |  | 10,000                         |              |            | 9,953   |                |              | 9,975   |  |
| Maverick Bidco Inc.                                    |  | Software                          |  |  4.50% (L + 3.75%)             |  | 5/18/2028  |  | 8,000                          |              |            | 7,963   |                |              | 8,015   |  |
| Mavis Tire Express Services Topco Corp.                |  | Retail                            |  |  4.75% (L + 4.00%)             |  | 5/4/2028   |  | 8,432                          |              |            | 8,394   |                |              | 8,447   |  |
| Mercury Borrower, Inc.                                 |  | Business Services                 |  |  4.00% (L + 3.50%)             |  | 8/2/2028   |  | 6,250                          |              |            | 6,220   |                |              | 6,240   |  |
| MH Sub I, LLC (Micro Holding Corp.)                    |  | Software                          |  |  4.75% (L + 3.75%)             |  | 9/13/2024  |  | 7,898                          |              |            | 7,878   |                |              | 7,925   |  |
| Ministry Brands, LLC                                   |  | Software                          |  |  5.00% (L + 4.00%)             |  | 12/2/2022  |  | 16,734                         |              |            | 16,719  |                |              | 16,734  |  |
| Ministry Brands, LLC                                   |  | Software                          |  |  5.00% (L + 4.00%)             |  | 12/2/2022  |  | 2,051                          |              |            | 2,050   |                |              | 2,051   |  |
| Ministry Brands, LLC                                   |  | Software                          |  |  5.00% (L + 4.00%)             |  | 12/2/2022  |  | 862                            |              |            | 861     |                |              | 862     |  |
| National Intergovernmental Purchasing Alliance Company |  | Business Services                 |  |  3.72% (L + 3.50%)             |  | 5/23/2025  |  | 1,327                          |              |            | 1,329   |                |              | 1,325   |  |
| Netsmart, Inc.                                         |  | Healthcare Information Technology |  |  4.75% (L + 4.00%)             |  | 10/1/2027  |  | 6,965                          |              |            | 6,965   |                |              | 6,987   |  |

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|                                                          |  |                                   |  |                         |  |                    |  |                                     |               |            |               |                |               |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|-----------------------------------|--|-------------------------|--|--------------------|--|-------------------------------------|---------------|------------|---------------|----------------|---------------|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company and Type of Investment                 |  | Industry                          |  | Interest Rate (1)       |  | Maturity Date      |  |  Principal Amount or Par Value |               |  Cost |               | Fair Value (2) |
| OEConnection LLC                                         |  | Business Services                 |  |  4.10% (L + 4.00%) |  | 9/25/2026  |  | $                                   | 4,123    |            |               | $              | 4,092    |               |  | $ | 4,118    |  |
| PetVet Care Centers, LLC                                 |  | Consumer Services                 |  |  4.25% (L + 3.50%) |  | 2/14/2025  |  | 9,974                          |               |            | 9,950    |                |               | 9,987    |  |
| Premise Health Holding Corp.                             |  | Healthcare Services               |  |  3.72% (L + 3.50%) |  | 7/10/2025  |  | 1,966                          |               |            | 1,961    |                |               | 1,959    |  |
| Project Boost Purchaser, LLC                             |  | Business Services                 |  |  4.00% (L + 3.50%) |  | 5/30/2026  |  | 2,488                          |               |            | 2,482    |                |               | 2,491    |  |
| Quest Software US Holdings Inc.                          |  | Software                          |  |  4.38% (L + 4.25%) |  | 5/16/2025  |  | 14,550                         |               |            | 14,512   |                |               | 14,555   |  |
| RealPage, Inc.                                           |  | Business Services                 |  |  3.75% (L + 3.25%) |  | 4/24/2028  |  | 4,988                          |               |            | 4,970    |                |               | 4,979    |  |
| RLG Holdings, LLC                                        |  | Packaging                         |  |  5.00% (L + 4.25%) |  | 7/7/2028   |  | 4,767                          |               |            | 4,744    |                |               | 4,765    |  |
| Sierra Enterprises, LLC                                  |  | Food & Beverage               |  |  5.00% (L + 4.00%) |  | 11/11/2024 |  | 4,216                          |               |            | 4,204    |                |               | 4,216    |  |
| Snap One Holdings Corp.                                  |  | Distribution & Logistics      |  |  5.00% (L + 4.50%) |  | 12/8/2028  |  | 8,649                          |               |            | 8,563    |                |               | 8,639    |  |
| Sovos Brands Intermediate, Inc.                          |  | Food & Beverage               |  |  4.50% (L + 3.75%) |  | 6/8/2028   |  | 8,290                          |               |            | 8,270    |                |               | 8,296    |  |
| Storable, Inc.                                           |  | Software                          |  |  3.75% (L + 3.25%) |  | 4/17/2028  |  | 4,000                          |               |            | 3,977    |                |               | 3,991    |  |
| Syndigo LLC                                              |  | Software                          |  |  5.25% (L + 4.50%) |  | 12/15/2027 |  | 7,839                          |               |            | 7,834    |                |               | 7,858    |  |
| Therapy Brands Holdings LLC                              |  | Healthcare Information Technology |  |  4.75% (L + 4.00%) |  | 5/18/2028  |  | 4,609                          |               |            | 4,588    |                |               | 4,609    |  |
| Thermostat Purchaser III, Inc.                           |  | Business Services                 |  |  5.25% (L + 4.50%) |  | 8/31/2028  |  | 4,252                          |               |            | 4,231    |                |               | 4,252    |  |
| TIBCO Software Inc.                                      |  | Software                          |  |  3.86% (L + 3.75%) |  | 6/30/2026  |  | 2,977                          |               |            | 2,961    |                |               | 2,961    |  |
| Trader Interactive, LLC (fka Dominion Web Solutions LLC) |  | Business Services                 |  |  4.50% (L + 4.00%) |  | 7/28/2028  |  | 5,303                          |               |            | 5,277    |                |               | 5,296    |  |
| Unified Women's Healthcare, LP                           |  | Healthcare Services               |  |  5.00% (L + 4.25%) |  | 12/20/2027 |  | 7,400                          |               |            | 7,365    |                |               | 7,426    |  |
| USIC Holdings, Inc.                                      |  | Business Services                 |  |  4.25% (L + 3.50%) |  | 5/12/2028  |  | 3,839                          |               |            | 3,825    |                |               | 3,839    |  |
| Valcour Packaging, LLC                                   |  | Packaging                         |  |  4.25% (L + 3.75%) |  | 10/4/2028  |  | 3,301                          |               |            | 3,291    |                |               | 3,301    |  |
| VetCor Professional Practices LLC                        |  | Consumer Services                 |  |  5.00% (L + 4.25%) |  | 7/2/2025   |  | 9,972                          |               |            | 9,779    |                |               | 9,889    |  |
| VT Topco, Inc.                                           |  | Business Services                 |  |  4.50% (L + 3.75%) |  | 8/1/2025   |  | 8,489                          |               |            | 8,451    |                |               | 8,436    |  |
| WP CityMD Bidco LLC                                      |  | Healthcare Services               |  |  3.75% (L + 3.25%) |  | 12/22/2028 |  | 7,044                          |               |            | 7,002    |                |               | 7,045    |  |
| Wrench Group LLC                                         |  | Consumer Services                 |  |  4.22% (L + 4.00%) |  | 4/30/2026  |  | 9,567                          |               |            | 9,506    |                |               | 9,567    |  |
| YI, LLC                                                  |  | Healthcare Services               |  |  5.00% (L + 4.00%) |  | 11/7/2024  |  | 22,215                         |               |            | 22,203   |                |               | 22,104   |  |
|                                                          |  |                                   |  |                         |  |                    |  |                                     |               |            |               |                |
|                                                          |  |                                   |  |                         |  |                    |  |                                     |               |            |               |                |
|                                                          |  |                                   |  |                         |  |                    |  |                                     |               |            |               |                |
| Total Funded Investments                                 |  |                                   |  |                         |  |                    |  | $                                   | 507,195  |            |               | $              | 505,052  |               |  | $ | 504,958  |  |
|                                                          |  |                                   |  |                         |  |                    |  |                                     |               |            |               |                |
| Unfunded Investments - First lien                        |  |                                   |  |                         |  |                    |  |                                     |               |            |               |                |
| Confluent Health, LLC                                    |  | Healthcare Services               |  | —                 |  | 11/30/2023 |  | $                                   | 1,759    |            |               | $              | (9)           |               |  | $ | —  |  |
| EyeCare Partners, LLC                                    |  | Healthcare Services               |  | —                 |  | 11/15/2028 |  | 636                            |               |            | —  |                |               | (1)           |  |
| Therapy Brands Holdings LLC                              |  | Healthcare Information Technology |  | —                 |  | 5/18/2023  |  | 1,470                          |               |            | —  |                |               | —  |  |
| Thermostat Purchaser III, Inc.                           |  | Business Services                 |  | —                 |  | 8/31/2023  |  | 748                            |               |            | —  |                |               | —  |  |
| VT Topco, Inc.                                           |  | Business Services                 |  | —                 |  | 8/4/2023   |  | 1,490                          |               |            | —  |                |               | (9)           |  |
| Total Unfunded Investments                               |  |                                   |  |                         |  |                    |  | $                                   | 6,103    |            |               | $              | (9)           |               |  | $ | (10)          |  |
| Total Investments                                        |  |                                   |  |                         |  |                    |  | $                                   | 513,298  |            |               | $              | 505,043  |               |  | $ | 504,948  |  |

|  |  |  |
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|                                                                                           |                |               |                   |               |               |               |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|----------------|---------------|-------------------|---------------|---------------|---------------|--|--|--|--|--|
| Selected Consolidated Balance Sheet Information:                                      | March 31, 2022 |               | December 31, 2021 |
| Investments at fair value (cost of $500,321 and $505,043, respectively)                   | $              | 496,516  |                   |               | $             | 504,948  |  |
| Receivable from unsettled securities sold                                                 | —   |               |                   | 2,595    |               |
| Cash and other assets                                                                     | 8,043     |               |                   | 12,912   |               |
| Total assets                                                                              | $              | 504,559  |                   |               | $             | 520,455  |  |
|                                                                                           |                |               |                   |
| Credit facility                                                                           | $              | 359,637  |                   |               | $             | 360,137  |  |
| Deferred financing costs (net of accumulated amortization of $544 and $396, respectively) | (2,461)        |               |                   | (2,609)       |               |
| Distribution payable                                                                      | 4,290     |               |                   | 3,396    |               |
| Payable for unsettled securities purchased                                                | 1,339     |               |                   | 13,893   |               |
| Other liabilities                                                                         | 2,013     |               |                   | 1,910    |               |
| Total liabilities                                                                         | 364,818   |               |                   | 376,727  |               |
|                                                                                           |                |               |                   |
| Members' capital                                                                          | $              | 139,741  |                   |               | $             | 143,728  |  |
| Total liabilities and members' capital                                                    | $              | 504,559  |                   |               | 520,455  |               |

|                                                                |                    |             |  |  |  |  |  |
|----------------------------------------------------------------|--------------------|-------------|--|--|--|--|--|
| Selected Consolidated Statement of Operations Information: | Three Months Ended |             |  |
|                                                                | March 31, 2022     |             |  |
| Interest income                                                | $                  | 5,936  |  |  |  |
| Other income                                                   | 103           |             |  |  |
| Total investment income                                        | 6,039         |             |  |  |
|                                                                |                    |             |  |
| Interest and other financing expenses                          | 1,803         |             |  |  |
| Other expenses                                                 | 221           |             |  |  |
| Total expenses                                                 | 2,024         |             |  |  |
|                                                                |                    |             |  |
|                                                                |                    |             |  |
| Net investment income                                          | 4,015         |             |  |  |
|                                                                |                    |             |  |
| Net realized losses on investments                             | (2)                |             |  |  |
| Net change in unrealized depreciation of investments           | (3,710)            |             |  |  |
| Net increase in members' capital                               | $                  | 303    |  |  |  |

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|                   |               |                 |              |               |               |               |                |  |   |               |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|-------------------|---------------|-----------------|--------------|---------------|---------------|---------------|----------------|--|---|---------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|              | Total         |                 | Level I |               | Level II |               | Level III |
| First lien        | $             | 1,761,795  |              |               | $             | —  |                |  | $ | 50,295   |  |  | $ | 1,711,500  |  |
| Second lien       | 606,591  |                 |              | —  |               |               | 159,677   |  |   | 446,914  |  |
| Subordinated      | 54,867   |                 |              | —  |               |               | —   |  |   | 54,867   |  |
| Equity and other  | 833,712  |                 |              | —  |               |               | —   |  |   | 833,712  |  |
| Total investments | $             | 3,256,965  |              |               | $             | —  |                |  | $ | 209,972  |  |  | $ | 3,046,993  |  |

|                   |               |                 |              |               |               |               |                |  |   |               |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|-------------------|---------------|-----------------|--------------|---------------|---------------|---------------|----------------|--|---|---------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|              | Total         |                 | Level I |               | Level II |               | Level III |
| First lien        | $             | 1,657,815  |              |               | $             | —  |                |  | $ | 22,672   |  |  | $ | 1,635,143  |  |
| Second lien       | 627,356  |                 |              | —  |               |               | 308,236   |  |   | 319,120  |  |
| Subordinated      | 50,742   |                 |              | —  |               |               | —   |  |   | 50,742   |  |
| Equity and other  | 838,451  |                 |              | —  |               |               | —   |  |   | 838,451  |  |
| Total investments | $             | 3,174,364  |              |               | $             | —  |                |  | $ | 330,908  |  |  | $ | 2,843,456  |  |

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Table of Contents

|                                                                                                                                                                                          |               |                 |                 |               |                  |                 |               |  |                      |               |  |  |               |              |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------|-----------------|---------------|------------------|-----------------|---------------|--|----------------------|---------------|--|--|---------------|--------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                                     | Total         |                 | First Lien |               | Second Lien |                 | Subordinated  |  | Equity andother |
| Fair Value, December 31, 2021                                                                                                                                                            | $             | 2,843,456  |                 |               | $                | 1,635,143  |               |  | $                    | 319,120  |  |  | $             | 50,742  |  |  | $ | 838,451  |  |
| Total gains or losses included in earnings:                                                                                                                                          |               |                 |                 |               |                  |                 |               |  |                      |
| Net realized gains (losses) on investments                                                                                                                                               | 19,164   |                 |                 | (77)          |                  |                 | —  |  |                      | —  |  |  | 19,241   |              |
| Net change in unrealized (depreciation) appreciation                                                                                                                                     | (10,152)      |                 |                 | 1,553    |                  |                 | (16,232)      |  |                      | (1,408)       |  |  | 5,935    |              |
| Purchases, including capitalized PIK and revolver fundings                                                                                                                               | 172,371  |                 |                 | 155,395  |                  |                 | 7,351    |  |                      | 5,533    |  |  | 4,092    |              |
| Proceeds from sales and paydowns of investments                                                                                                                                          | (101,580)     |                 |                 | (53,073)      |                  |                 | (14,500)      |  |                      | —  |  |  | (34,007)      |              |
| Transfers into Level III(1)                                                                                                                                                              | 151,175  |                 |                 | —  |                  |                 | 151,175  |  |                      | —  |  |  | —  |              |
| Transfers out of Level III(1)                                                                                                                                                            | (27,441)      |                 |                 | (27,441)      |                  |                 | —  |  |                      | —  |  |  | —  |              |
| Fair Value, March 31, 2022                                                                                                                                                               | $             | 3,046,993  |                 |               | $                | 1,711,500  |               |  | $                    | 446,914  |  |  | $             | 54,867  |  |  | $ | 833,712  |  |
| Unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period: | $             | (10,267)        |                 |               | $                | 1,438      |               |  | $                    | (16,232)      |  |  | $             | (1,408)      |  |  | $ | 5,935    |  |

|  |  |  |
|--|--|--|
|  |

|                                                                                                                                                                                          |               |                 |                 |               |                  |                 |              |  |                      |               |  |  |               |              |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------|-----------------|---------------|------------------|-----------------|--------------|--|----------------------|---------------|--|--|---------------|--------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                                     | Total         |                 | First Lien |               | Second Lien |                 | Subordinated |  | Equity andother |
| Fair Value, December 31, 2020                                                                                                                                                            | $             | 2,737,857  |                 |               | $                | 1,483,367  |              |  | $                    | 570,033  |  |  | $             | 36,939  |  |  | $ | 647,518  |  |
| Total gains or losses included in earnings:                                                                                                                                          |               |                 |                 |               |                  |                 |              |  |                      |
| Net realized (losses) gains on investments                                                                                                                                               | (12,070)      |                 |                 | 142      |                  |                 | 2       |  |                      | (5,150)       |  |  | (7,064)       |              |
| Net change in unrealized appreciation                                                                                                                                                    | 34,754   |                 |                 | 7,803    |                  |                 | 3,442   |  |                      | 5,061    |  |  | 18,448   |              |
| Purchases, including capitalized PIK and revolver fundings                                                                                                                               | 221,870  |                 |                 | 125,397  |                  |                 | 46,422  |  |                      | 445      |  |  | 49,606   |              |
| Proceeds from sales and paydowns of investments                                                                                                                                          | (184,933)     |                 |                 | (111,415)     |                  |                 | (73,518)     |  |                      | —  |  |  | —  |              |
| Transfers into Level III(1)                                                                                                                                                              | 33,442   |                 |                 | 26,782   |                  |                 | 6,660   |  |                      | —  |  |  | —  |              |
| Transfers out of Level III(1)                                                                                                                                                            | (190,349)     |                 |                 | (32,226)      |                  |                 | (158,123)    |  |                      | —  |  |  | —  |              |
| Fair Value, March 31, 2021                                                                                                                                                               | $             | 2,640,571  |                 |               | $                | 1,499,850  |              |  | $                    | 394,918  |  |  | $             | 37,295  |  |  | $ | 708,508  |  |
| Unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period: | $             | 21,562     |                 |               | $                | 7,027      |              |  | $                    | 3,240    |  |  | $             | (89)         |  |  | $ | 11,384   |  |

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|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |         |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|---------------------------------|-----------------|----------|------------------------------|------------------------------|-----------------|-----------------|---------|--------|------------|-----------------|---------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|             |                                 |                 |     |                              |                         |                 | Range           |
| Type             | Fair Value as of March 31, 2022 |                 | Approach |                              | Unobservable Input           |                 | Low             |         | High   |            | WeightedAverage |
| First lien       | $                               | 1,711,500  |          |                              | Market & income approach |                 | EBITDA multiple |         | 5.0x   |            | 27.5x           |         | 14.7x      |
|                  |                                 |                 |          |                              | Revenue multiple             |                 | 5.0x            |         | 20.0x  |            | 8.3x            |
|                  |                            |                 |          |                              | Discount rate                |                 | 6.0        | %       |        | 25.9  | %               |         | 9.0   | % |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
| Second lien      | 440,192                    |                 |          | Market & income approach |                              | EBITDA multiple |                 | 8.0x    |        | 32.0x      |                 | 15.7x   |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  |                            |                 |          |                              | Discount rate                |                 | 8.4        | %       |        | 30.3  | %               |         | 10.4  | % |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  | 6,722                      |                 |          | Other                        |                              | N/A(1)      |                 | N/A |        | N/A    |                 | N/A |
| Subordinated     | 54,867                     |                 |          | Market & income approach |                              | EBITDA multiple |                 | 8.0x    |        | 20.3x      |                 | 13.7x   |
|                  |                            |                 |          |                              | Discount rate                |                 | 11.1       | %       |        | 20.1  | %               |         | 14.7  | % |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
| Equity and other | 833,554                    |                 |          | Market & income approach |                              | EBITDA multiple |                 | 5.0x    |        | 35.0x      |                 | 13.4x   |
|                  |                                 |                 |          |                              | Revenue multiple             |                 | 5.0x            |         | 20.0x  |            | 16.4x           |
|                  |                            |                 |          |                              | Discount rate                |                 | 4.1        | %       |        | 30.9  | %               |         | 11.5  | % |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  |                                 |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  | 158                        |                 |          | Other                        |                              | N/A(1)      |                 | N/A |        | N/A    |                 | N/A |
|                  | $                               | 3,046,993  |          |                              |                         |                 |            |         |   |            |            |         |       |

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|                  |                                    |                 |          |                              |                              |                 |                 |         |        |            |                 |         |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|------------------------------------|-----------------|----------|------------------------------|------------------------------|-----------------|-----------------|---------|--------|------------|-----------------|---------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|             |                                    |                 |     |                              |                         |                 | Range           |
| Type             | Fair Value as of December 31, 2021 |                 | Approach |                              | Unobservable Input           |                 | Low             |         | High   |            | WeightedAverage |
| First lien       | $                                  | 1,478,445  |          |                              | Market & income approach |                 | EBITDA multiple |         | 4.5x   |            | 32.5x           |         | 14.7x      |
|                  |                               |                 |          |                              | Revenue multiple             |                 | 4.0x            |         | 19.5x  |            | 7.0x            |
|                  |                                    |                 |          |                              | Discount rate                |                 | 4.8        | %       |        | 17.0  | %               |         | 7.6   | % |
|                  | 55,326                        |                 |          | Market quote                 |                              | Broker quote    |                 | N/A |        | N/A    |                 | N/A |
|                  | 101,372                       |                 |          | Other                        |                              | N/A(1)      |                 | N/A |        | N/A    |                 | N/A |
| Second lien      | 253,587                       |                 |          | Market & income approach |                              | EBITDA multiple |                 | 7.5x    |        | 32.0x      |                 | 15.2x   |
|                  |                                    |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  |                                    |                 |          |                              |                              |                 |                 |         |        |            |                 |
|                  |                                    |                 |          |                              | Discount rate                |                 | 7.5        | %       |        | 28.2  | %               |         | 11.3  | % |
|                  | 22,528                        |                 |          | Market quote                 |                              | Broker quote    |                 | N/A |        | N/A    |                 | N/A |
|                  | 43,005                        |                 |          | Other                        |                              | N/A(1)      |                 | N/A |        | N/A    |                 | N/A |
| Subordinated     | 39,798                        |                 |          | Market & income approach |                              | EBITDA multiple |                 | 8.0x    |        | 14.5x      |                 | 11.5x   |
|                  |                                    |                 |          |                              | Discount rate                |                 | 11.1       | %       |        | 18.4  | %               |         | 16.0  | % |
|                  | 10,944                        |                 |          | Other                        |                              | N/A(1)      |                 | N/A |        | N/A    |                 | N/A |
| Equity and other | 824,151                       |                 |          | Market & income approach |                              | EBITDA multiple |                 | 5.0x    |        | 26.5x      |                 | 12.7x   |
|                  |                               |                 |          |                              | Revenue multiple             |                 | 5.0x            |         | 19.5x  |            | 14.3x           |
|                  |                                    |                 |          |                              | Discount rate                |                 | 4.0        | %       |        | 31.3  | %               |         | 10.0  | % |
|                  | 14,300                        |                 |          | Other                        |                              | N/A(1)      |                 | N/A |        | N/A    |                 | N/A |
|                  | $                                  | 2,843,456  |          |                              |                         |                 |            |         |   |            |            |         |       |

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|                                                               |                    |               |                |             |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--------------------|---------------|----------------|-------------|---|---------------|--|--|--|--|--|--|--|--|--|
|                                                          | Three Months Ended |               |                |
|                                                          | March 31, 2022     |               | March 31, 2021 |             |   |               |  |
| Management fee                                           | $                  | 11,553   |                |             | $ | 13,420   |  |  |  |  |  |
| Less: management fee waiver                               | (1,092)            |               |                | (3,637)     |   |               |  |  |  |
| Total management fee                                          | 10,461        |               |                | 9,783  |   |               |  |  |  |
| Incentive fee, excluding accrued capital gains incentive fees | $                  | 7,477    |                |             | $ | 7,248    |  |  |  |  |  |
|                                                               |                    |               |                |             |   |               |  |
|                                                               |                    |               |                |             |   |               |  |
| Accrued capital gains incentive fees(1)                       | $                  | —  |                |             | $ | —  |  |  |  |  |  |

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|                                 |                    |               |                |           |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|----------------|-----------|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                |
|                            | March 31, 2022     |               | March 31, 2021 |           |   |               |  |
| Interest expense                | $                  | 2,934    |                |           | $ | 2,714    |  |  |  |  |  |
| Non-usage fee                   | $                  | 222      |                |           | $ | 363      |  |  |  |  |  |
| Amortization of financing costs | $                  | 789      |                |           | $ | 503      |  |  |  |  |  |
| Weighted average interest rate  | 2.2           | %             |                | 2.4  | % |               |  |  |  |
| Effective interest rate         | 2.9           | %             |                | 3.2  | % |               |  |  |  |
| Average debt outstanding        | $                  | 550,063  |                |           | $ | 450,163  |  |  |  |  |  |

|                                 |                    |               |                |           |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|----------------|-----------|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                |
|                            | March 31, 2022     |               | March 31, 2021 |           |   |               |  |
| Interest expense                | $                  | 871      |                |           | $ | 685      |  |  |  |  |  |
| Non-usage fee                   | $                  | 43       |                |           | $ | 79       |  |  |  |  |  |
| Amortization of financing costs | $                  | 62       |                |           | $ | 34       |  |  |  |  |  |
| Weighted average interest rate  | 2.3           | %             |                | 2.7  | % |               |  |  |  |
| Effective interest rate         | 2.6           | %             |                | 3.1  | % |               |  |  |  |
| Average debt outstanding        | $                  | 152,570  |                |           | $ | 104,456  |  |  |  |  |  |

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|                                 |                    |               |                |           |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|----------------|-----------|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                |
|                            | March 31, 2022     |               | March 31, 2021 |           |   |               |  |
| Interest expense(1)             | $                  | 1,766    |                |           | $ | 1,659    |  |  |  |  |  |
| Non-usage fee(1)                | $                  | 53       |                |           | $ | 77       |  |  |  |  |  |
| Amortization of financing costs | $                  | 267      |                |           | $ | 166      |  |  |  |  |  |
| Weighted average interest rate  | 3.0           | %             |                | 3.1  | % |               |  |  |  |
| Effective interest rate         | 3.6           | %             |                | 3.5  | % |               |  |  |  |
| Average debt outstanding        | $                  | 237,267  |                |           | $ | 218,556  |  |  |  |  |  |
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|                                          |  |  |                   |             |  |  |  |
|------------------------------------------|--|--|-------------------|-------------|--|--|--|
|                                          |  |  | Convertible Notes |
| Initial conversion premium               |  |  | 10.0         | %           |
| Initial conversion rate(1)               |  |  | 65.8762      |             |
| Initial conversion price                 |  |  | $                 | 15.18  |  |
| Conversion premium at March 31, 2022     |  |  | 10.0         | %           |
| Conversion rate at March 31, 2022(1)(2)  |  |  | 65.8762      |             |
| Conversion price at March 31, 2022(2)(3) |  |  | $                 | 15.18  |  |
| Last conversion price calculation date   |  |  | August 20, 2021   |

|  |  |  |
|--|--|--|
|  |

|                                 |                    |               |                |           |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|----------------|-----------|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                |
|                            | March 31, 2022     |               | March 31, 2021 |           |   |               |  |
| Interest expense                | $                  | 2,893    |                |           | $ | 2,893    |  |  |  |  |  |
| Amortization of financing costs | $                  | 97       |                |           | $ | 97       |  |  |  |  |  |
| Amortization of premium         | $                  | (26)          |                |           | $ | (26)          |  |  |  |  |  |
| Weighted average interest rate  | 5.8           | %             |                | 5.8  | % |               |  |  |  |
| Effective interest rate         | 5.9           | %             |                | 5.9  | % |               |  |  |  |
| Average debt outstanding        | $                  | 201,250  |                |           | $ | 201,250  |  |  |  |  |  |

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|                                 |                    |               |                |           |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|----------------|-----------|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                |
|                            | March 31, 2022     |               | March 31, 2021 |           |   |               |  |
| Interest expense                | $                  | 5,958    |                |           | $ | 6,527    |  |  |  |  |  |
| Amortization of financing costs | $                  | 199      |                |           | $ | 1,256    |  |  |  |  |  |
| Weighted average interest rate  | 4.7           | %             |                | 4.9  | % |               |  |  |  |
| Effective interest rate         | 4.8           | %             |                | 5.9  | % |               |  |  |  |
| Average debt outstanding        | $                  | 511,500  |                |           | $ | 532,228  |  |  |  |  |  |

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|                                         |  |                    |  |                       |               |                    |             |                        |   |             |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|--|--------------------|--|-----------------------|---------------|--------------------|-------------|------------------------|---|-------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Issuance Date                      |  | Maturity Date |  | Debenture Amount |               | Interest Rate |             | SBA Annual Charge |
| Fixed SBA-guaranteed debentures(1): |  |               |  |                  |               |               |             |                   |
| March 25, 2015                          |  | March 1, 2025      |  | $                     | 37,500   |                    |             | 2.517             | % |             | 0.355  | % |
| September 23, 2015                      |  | September 1, 2025  |  | 37,500           |               |                    | 2.829  | %                      |   | 0.355  | %           |
| September 23, 2015                      |  | September 1, 2025  |  | 28,795           |               |                    | 2.829  | %                      |   | 0.742  | %           |
| March 23, 2016                          |  | March 1, 2026      |  | 13,950           |               |                    | 2.507  | %                      |   | 0.742  | %           |
| September 21, 2016                      |  | September 1, 2026  |  | 4,000            |               |                    | 2.051  | %                      |   | 0.742  | %           |
| September 20, 2017                      |  | September 1, 2027  |  | 13,000           |               |                    | 2.518  | %                      |   | 0.742  | %           |
| March 21, 2018                          |  | March 1, 2028      |  | 15,255           |               |                    | 3.187  | %                      |   | 0.742  | %           |
| Fixed SBA-guaranteed debentures(2): |  |                    |  |                       |               |                    |             |                        |
| September 19, 2018                      |  | September 1, 2028  |  | 15,000           |               |                    | 3.548  | %                      |   | 0.222  | %           |
| September 25, 2019                      |  | September 1, 2029  |  | 19,000           |               |                    | 2.283  | %                      |   | 0.222  | %           |
| March 25, 2020                          |  | March 1, 2030      |  | 41,000           |               |                    | 2.078  | %                      |   | 0.222  | %           |
| March 25, 2020                          |  | March 1, 2030      |  | 24,000           |               |                    | 2.078  | %                      |   | 0.275  | %           |
| September 23, 2020                      |  | September 1, 2030  |  | 51,000           |               |                    | 1.034  | %                      |   | 0.275  | %           |
| Total SBA-guaranteed debentures         |  |               |  | $                     | 300,000  |                    |             |                   |   |        |

|  |  |  |
|--|--|--|
|  |

|                                 |                    |               |                |           |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|----------------|-----------|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                |
|                                 | March 31, 2022     |               | March 31, 2021 |           |   |               |  |
| Interest expense                | $                  | 1,998    |                |           | $ | 1,998    |  |  |  |  |  |
| Amortization of financing costs | $                  | 247      |                |           | $ | 247      |  |  |  |  |  |
| Weighted average interest rate  | 2.7           | %             |                | 2.7  | % |               |  |  |  |
| Effective interest rate         | 3.0           | %             |                | 3.0  | % |               |  |  |  |
| Average debt outstanding        | $                  | 300,000  |                |           | $ | 300,000  |  |  |  |  |  |

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|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |  |              |   |              |               |  |   |                 |  |  |   |              |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|-------------------|--|------------|---------------|-----------------------------------|--|---------------------------|--|--------------------------------------|---|----------------------------------|---------------|------------------|---|----------------------------|--|-------|---------------|-----------------|--|--------------|---|--------------|---------------|--|---|-----------------|--|--|---|--------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                |                   |  |            |               |                                   |  |                           |  | Accumulated Overdistributed Earnings |   |                                  |               |                  |   |                            |
|                                                                           | Common Stock |  |            |               | Paid inCapital inExcess |  | AccumulatedNet Investment |  | Accumulated Net Realized   |   | Net Unrealized Appreciation |               | Total Net Assets |   | Non-ControllingInterest in |  | Total |
|                                                                           | Shares            |  | Par Amount |               |                                   |  | of Par               |  | Income                               |   | (Losses) Gains                   |               | (Depreciation)   |   | of NMFC                    |  | NMNLC |               | Net Assets |
| Net assets at December 31, 2021                                                | 97,907,441   |  |            | $             | 979                          |  |                           |  |                                      | $ | 1,272,796                   |               |                  | $ | 118,330               |  |       | $             | (92,099)        |  |              | $ | 21,239  |               |  | $ | 1,321,245  |  |  | $ | 21,367  |  |  | $ | 1,342,612  |  |
| Issuances of common stock                                                      | 1,591,121    |  |            | 16       |                                   |  |                           |  | 21,556                          |   |                                  | —  |                  |   | —               |  |       | —  |                 |  | 21,572  |   |              | —  |  |   | 21,572     |  |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
| Offering costs                                                                 | —      |  |            | —  |                                   |  |                           |  | (52)                                 |   |                                  | —  |                  |   | —               |  |       | —  |                 |  | (52)         |   |              | —  |  |   | (52)            |  |
| Distributions declared                                                         | —      |  |            | —  |                                   |  |                           |  | —                         |   |                                  | (29,589)      |                  |   | —               |  |       | —  |                 |  | (29,589)     |   |              | (3,750)       |  |   | (33,339)        |  |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
| Net increase (decrease) in net assets resulting from operations | —      |  |            | —  |                                   |  |                           |  | —                         |   |                                  | 29,573   |                  |   | 17,596                |  |       | (10,977)      |                 |  | 36,192  |   |              | 855      |  |   | 37,047     |  |
| Net assets at March 31, 2022                                                   | 99,498,562   |  |            | $             | 995                          |  |                           |  |                                      | $ | 1,294,300                   |               |                  | $ | 118,314               |  |       | $             | (74,503)        |  |              | $ | 10,262  |               |  | $ | 1,349,368  |  |  | $ | 18,472  |  |  | $ | 1,367,840  |  |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |
|                                                                                |                   |  |            |               |                                   |  |                           |  |                                      |   |                                  |               |                  |   |                            |  |       |               |                 |

|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |  |               |   |          |             |  |   |                 |  |  |   |              |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|-------------------|--|-----------------|---------------|------------------------------------|--|---------------------------|--|--------------------------------------|---|------------------------------------|---------------|------------------|---|-----------------------------|--|-------|---------------|------------|--|---------------|---|----------|-------------|--|---|-----------------|--|--|---|--------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                |                   |  |                 |               |                                    |  |                           |  | Accumulated Overdistributed Earnings |   |                                    |               |                  |   |                             |
|                                                                           | Common Stock |  |                 |               | Paid inCapital in Excess |  | AccumulatedNet Investment |  | Accumulated Net Realized        |   | Net Unrealized (Depreciation) |               | Total Net Assets |   | Non-Controlling Interest in |  | Total |
|                                                                           | Shares            |  | Par Amount |               |                                    |  | of Par                    |  | Income                               |   | Losses                             |               | Appreciation     |   | of NMFC                     |  | NMNLC |               | Net Assets |
| Net assets at December 31, 2020                                                | 96,827,342   |  |                 | $             | 968                           |  |                           |  |                                      | $ | 1,269,671                     |               |                  | $ | 105,981                |  |       | $             | (88,250)   |  |               | $ | (66,495) |             |  | $ | 1,221,875  |  |  | $ | 15,014  |  |  | $ | 1,236,889  |  |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
| Distributions declared                                                         | —      |  |                 | —  |                                    |  |                           |  | —                         |   |                                    | (29,048)      |                  |   | —                |  |       | —  |            |  | (29,048)      |   |          | (301)       |  |   | (29,349)        |  |
| Contributions related to non-controlling interest in NMNLC                     | —      |  |                 | —  |                                    |  |                           |  | —                         |   |                                    | —  |                  |   | —                |  |       | —  |            |  | —  |   |          | 3,403  |  |   | 3,403      |  |
| Net increase (decrease) in net assets resulting from operations | —      |  |                 | —  |                                    |  |                           |  | —                         |   |                                    | 28,668   |                  |   | (10,496)                    |  |       | 33,318   |            |  | 51,490   |   |          | 365    |  |   | 51,855     |  |
| Net assets at March 31, 2021                                                   | 96,827,342   |  |                 | $             | 968                           |  |                           |  |                                      | $ | 1,269,671                     |               |                  | $ | 105,601                |  |       | $             | (98,746)   |  |               | $ | (33,177) |             |  | $ | 1,244,317  |  |  | $ | 18,481  |  |  | $ | 1,262,798  |  |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |
|                                                                                |                   |  |                 |               |                                    |  |                           |  |                                      |   |                                    |               |                  |   |                             |  |       |               |            |

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|                                                                           |                    |              |                |                   |   |              |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------|--------------------|--------------|----------------|-------------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                                                                      | Three Months Ended |              |                |
|                                                                      | March 31, 2022     |              | March 31, 2021 |                   |   |              |  |
| Earnings per share—basic                                            |               |              |           |                   |   |              |  |
| Numerator for basic earnings per share:                               | $                  | 36,192  |                |                   | $ | 51,490  |  |  |  |  |  |
| Denominator for basic weighted average share:                         | 98,413,476    |              |                | 96,827,342   |   |              |  |  |  |
| Basic earnings per share:                                             | $                  | 0.37    |                |                   | $ | 0.53    |  |  |  |  |  |
| Earnings per share—diluted(1)                                       |                    |              |                |                   |   |              |  |
| Numerator for increase in net assets per share                            | $                  | 36,192  |                |                   | $ | 51,490  |  |  |  |  |  |
| Adjustment for interest on Convertible Notes and incentive fees, net | 2,314         |              |                | 2,314        |   |              |  |  |  |
| Numerator for diluted earnings per share:                             | $                  | 38,506  |                |                   | $ | 53,804  |  |  |  |  |  |
| Denominator for basic weighted average share                              | 98,413,476    |              |                | 96,827,342   |   |              |  |  |  |
| Adjustment for dilutive effect of Convertible Notes                       | 13,257,586    |              |                | 13,257,585   |   |              |  |  |  |
| Denominator for diluted weighted average share                            | 111,671,062   |              |                | 110,084,927  |   |              |  |  |  |
| Diluted earnings per share:                                           | $                  | 0.34    |                |                   | $ | 0.49    |  |  |  |  |  |

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|                                                                              |                    |                 |                |                  |   |                 |  |  |  |  |  |
|------------------------------------------------------------------------------|--------------------|-----------------|----------------|------------------|---|-----------------|--|--|--|--|--|
|                                                                         | Three Months Ended |
|                                                                         | March 31, 2022     |                 | March 31, 2021 |
| Per share data(1):                                                       |               |                 |           |
| Net asset value, January 1, 2022 and January 1, 2021, respectively | $                  | 13.49      |                |                  | $ | 12.62      |  |
| Net investment income                                                        | 0.30          |                 |                | 0.30        |   |
| Net realized and unrealized gains                                            | 0.07          |                 |                | 0.23        |   |
| Total net increase                                                           | 0.37          |                 |                | 0.53        |   |
| Distributions declared to stockholders from net investment income            | (0.30)             |                 |                | (0.30)           |   |
| Net asset value, March 31, 2022 and March 31, 2021, respectively        | $                  | 13.56      |                |                  | $ | 12.85      |  |
| Per share market value, March 31, 2022 and March 31, 2021, respectively      | $                  | 13.85      |                |                  | $ | 12.40      |  |
| Total return based on market value(2)                                        | 3.28          | %               |                | 11.74       | % |
| Total return based on net asset value(3)                                     | 2.76          | %               |                | 4.21        | % |
| Shares outstanding at end of period                                          | 99,498,562    |                 |                | 96,827,342  |   |
| Average weighted shares outstanding for the period                           | 98,413,476    |                 |                | 96,827,342  |   |
| Average net assets for the period                                            | $                  | 1,321,557  |                |                  | $ | 1,222,125  |  |
| Ratio to average net assets:                                             |               |                 |           |
| Net investment income                                                        | 9.08          | %               |                | 9.62        | % |
| Total expenses, before waivers/reimbursements                            | 12.38         | %               |                | 14.05       | % |
| Total expenses, net of waivers/reimbursements                            | 11.98         | %               |                | 12.85       | % |
| Average debt outstanding—Holdings Credit Facility                      | $                  | 550,063    |                |                  | $ | 450,163    |  |
| Average debt outstanding—Unsecured Notes                               | 511,500       |                 |                | 532,228     |   |
| Average debt outstanding—SBA-guaranteed debentures                     | 300,000       |                 |                | 300,000     |   |
| Average debt outstanding—DB Credit Facility                            | 237,267       |                 |                | 218,556     |   |
| Average debt outstanding—Convertible Notes                             | 201,250       |                 |                | 201,250     |   |
| Average debt outstanding—NMFC Credit Facility(4)                       | 152,570       |                 |                | 104,456     |   |
| Average debt outstanding—NMNLC Credit Facility II                      | 15,200        |                 |                | —     |   |
| Asset coverage ratio(5)                                                      | 181.26        | %               |                | 184.58      | % |
| Portfolio turnover                                                           | 2.94          | %               |                | 6.69        | % |

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|  |                                                                                                                                                                                   |  |  |  |  |
|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
|  |  Deloitte & Touche LLP 30 Rockefeller PlazaNew York, NY 10112USA Tel:    212 492 4000Fax:   212 489 1687www.deloitte.com |

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|                                                              |  |                |               |                   |            |   |               |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|----------------|---------------|-------------------|------------|---|---------------|--|--|--|--|--|--|--|
| (in thousands)                                               |  | March 31, 2022 |               | December 31, 2021 |
| First lien investments (1)                                   |  | $              | 708,344  |                   |            | $ | 709,517  |  |
| Weighted average interest rate on first lien investments (2) |  | 4.70      | %             |                   | 4.50  | % |
| Number of portfolio companies in SLP III                     |  | 81        |               |                   | 80    |   |
| Largest portfolio company investment (1)                     |  | $              | 23,428   |                   |            | $ | 23,489   |  |
| Total of five largest portfolio company investments (1)      |  | $              | 95,258   |                   |            | $ | 95,504   |  |

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|                                                              |  |                |               |                   |            |   |               |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|----------------|---------------|-------------------|------------|---|---------------|--|--|--|--|--|--|--|
| (in thousands)                                               |  | March 31, 2022 |               | December 31, 2021 |
| First lien investments (1)                                   |  | $              | 507,457  |                   |            | $ | 513,298  |  |
| Weighted average interest rate on first lien investments (2) |  | 4.79      | %             |                   | 4.64  | % |
| Number of portfolio companies in SLP IV                      |  | 72        |               |                   | 68    |   |
| Largest portfolio company investment (1)                     |  | $              | 22,157   |                   |            | $ | 22,215   |  |
| Total of five largest portfolio company investments (1)      |  | $              | 94,595   |                   |            | $ | 99,875   |  |

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|                                          |  |                                    |  |                    |  |             |  |                |  |                  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|------------------------------------|--|--------------------|--|-------------|--|----------------|--|------------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  |                                    |  | Lease              |  |             |  | Total          |  | Fair Value as of |
| Portfolio Company                        |  | Tenant                             |  | Expiration Date    |  | Location    |  | Square Feet    |  | March 31, 2022   |
|                                          |  |                                    |  |                    |  |             |  | (in thousands) |  | (in thousands)   |
| NM NL Holdings LP / NM GP Holdco LLC |  | Various                            |  | Various            |  | Various     |  | Various        |  | $                | 110,991  |  |
| NM CLFX LP                               |  | Victor Equipment Company           |  | 8/31/2033  |  | TX          |  | 423            |  | 23,247      |               |
| NM APP US LLC                            |  | Plasman Corp, LLC / A-Brite LP |  | 9/30/2033  |  | AL / OH |  | 261            |  | 17,872      |               |
| NM GLCR LP                               |  | Arctic Glacier U.S.A.              |  | 2/28/2038  |  | CA          |  | 48             |  | 16,852      |               |
| NM APP Canada, Corp.                     |  | A.P. Plasman, Inc.                 |  | 9/30/2031  |  | Canada      |  | 436            |  | 10,002      |               |
| NM DRVT LLC                              |  | FMH Conveyors, LLC                 |  | 10/31/2031 |  | AR          |  | 195            |  | 9,023       |               |
| NM YI, LLC                               |  | Young Innovations, Inc.            |  | 10/31/2039 |  | IL / MO |  | 212            |  | 8,381       |               |
| NM JRA LLC                               |  | J.R. Automation Technologies, LLC  |  | 1/31/2031  |  | MI          |  | 88             |  | 4,223       |               |
| NM KRLN LLC                              |  | None                               |  | N/A            |  | MD          |  | 95             |  | 60          |               |
|                                          |  |                                    |  |                    |  |             |  |                |  | $                | 200,651  |  |

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|                    |                           |               |               |         |            |                 |   |               |   |               |            |   |             |   |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|---------------------------|---------------|---------------|---------|------------|-----------------|---|---------------|---|---------------|------------|---|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|
| (in millions) | As of March 31, 2022 |
| Risk Rating   |                           | Cost          |               | Percent |            | Fair Value |   | Percent       |
| Red                |                           | $             | 51.5     |         |            | 1.6        | % |               | $ | 21.6     |            |   | 0.7    | % |
| Orange             |                           | 248.6    |               |         | 7.7   | %               |   | 205.0    |   |               | 6.2   | % |
| Yellow             |                           | 103.1    |               |         | 3.2   | %               |   | 81.0     |   |               | 2.5   | % |
| Green              |                           | 2,846.5  |               |         | 87.5  | %               |   | 2,968.8  |   |               | 90.6  | % |
|               |                           | $             | 3,249.7  |         |            | 100.0      | % |               | $ | 3,276.4  |            |   | 100.0  | % |

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|                                                                                  |  |                    |             |                |             |   |             |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|--------------------|-------------|----------------|-------------|---|-------------|--|--|--|--|--|--|--|
|                                                                             |  | Three Months Ended |
| (in millions)                                                               |  | March 31, 2022     |             | March 31, 2021 |
| New investments in 24 and 13 portfolio companies, respectively                   |  | $                  | 153.8  |                |             | $ | 223.4  |  |
| Debt repayments in existing portfolio companies                                  |  | 44.1          |             |                | 190.7  |   |
| Sales of securities in 3 and 2 portfolio companies, respectively                 |  | 49.2          |             |                | 7.0    |   |
| Change in unrealized appreciation on 28 and 47 portfolio companies, respectively |  | 29.7          |             |                | 45.6   |   |
| Change in unrealized depreciation on 73 and 55 portfolio companies, respectively |  | (39.6)             |             |                | (12.1)      |   |

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|                         |  |                    |              |                |              |   |              |  |  |  |  |  |  |  |
|-------------------------|--|--------------------|--------------|----------------|--------------|---|--------------|--|--|--|--|--|--|--|
|                    |  | Three Months Ended |
| (in thousands)     |  | March 31, 2022     |              | March 31, 2021 |
| Total interest income   |  | $                  | 47,878  |                |              | $ | 47,009  |  |
| Total dividend income   |  | 16,772        |              |                | 15,662  |   |
| Other income            |  | 4,313         |              |                | 5,037   |   |
| Total investment income |  | $                  | 68,963  |                |              | $ | 67,708  |  |

|                                           |  |                    |              |                |               |   |              |  |  |  |  |  |  |  |
|-------------------------------------------|--|--------------------|--------------|----------------|---------------|---|--------------|--|--|--|--|--|--|--|
|                                      |  | Three Months Ended |
| (in thousands)                       |  | March 31, 2022     |              | March 31, 2021 |
| Management fee                            |  | $                  | 11,553  |                |               | $ | 13,420  |  |
| Less: management fee waiver           |  | (1,092)            |              |                | (3,637)       |   |
| Total management fee                      |  | 10,461        |              |                | 9,783    |   |
| Incentive fee                             |  | 7,477         |              |                | 7,248    |   |
|                                           |  |                    |              |                |
|                                           |  |                    |              |                |
|                                           |  |                    |              |                |
| Interest and other financing expenses     |  | 18,637        |              |                | 19,385   |   |
| Administrative expenses                   |  | 1,209         |              |                | 1,129    |   |
| Professional fees                         |  | 937           |              |                | 726      |   |
| Other general and administrative expenses |  | 477           |              |                | 442      |   |
| Total expenses                            |  | 39,198        |              |                | 38,713   |   |
| Less: expenses waived and reimbursed  |  | (238)              |              |                | —  |   |
| Net expenses before income taxes          |  | 38,960        |              |                | 38,713   |   |
| Income tax expense                        |  | 95            |              |                | 1        |   |
| Net expenses after income taxes           |  | $                  | 39,055  |                |               | $ | 38,714  |  |

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|                                                                                                      |  |                    |              |                |               |   |              |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------|--|--------------------|--------------|----------------|---------------|---|--------------|--|--|--|--|--|--|--|
|                                                                                                 |  | Three Months Ended |
| (in thousands)                                                                                  |  | March 31, 2022     |              | March 31, 2021 |
| Net realized gains (losses) on investments                                                           |  | $                  | 19,172  |                |               | $ | (10,496)     |  |
| Net realized gains on foreign currency                                                               |  | 345           |              |                | —  |   |
| Net change in unrealized (depreciation) appreciation of investments                                  |  | (9,933)            |              |                | 33,472   |   |
| Net change in unrealized depreciation securities purchased under collateralized agreements to resell |  | (2,021)            |              |                | —  |   |
| Net change in unrealized depreciation on foreign currency                                            |  | (422)              |              |                | —  |   |
| Provision for taxes                                                                                  |  | (2)                |              |                | (115)         |   |
| Net realized and unrealized gains                                                                    |  | $                  | 7,139   |                |               | $ | 22,861  |  |

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|                                          |  |  |                   |             |  |  |  |
|------------------------------------------|--|--|-------------------|-------------|--|--|--|
|                                          |  |  | Convertible Notes |
| Initial conversion premium               |  |  | 10.0         | %           |
| Initial conversion rate(1)               |  |  | 65.8762      |             |
| Initial conversion price                 |  |  | $                 | 15.18  |  |
| Conversion premium at March 31, 2022     |  |  | 10.0         | %           |
| Conversion rate at March 31, 2022(1)(2)  |  |  | 65.8762      |             |
| Conversion price at March 31, 2022(2)(3) |  |  | $                 | 15.18  |  |
| Last conversion price calculation date   |  |  | August 20, 2021   |

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|                               |  |                                                                    |               |                           |               |                            |               |                            |  |                       |               |  |  |               |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|--|--------------------------------------------------------------------|---------------|---------------------------|---------------|----------------------------|---------------|----------------------------|--|-----------------------|---------------|--|--|---------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                          |  | Contractual Obligations Payments Due by Period |
| (in millions)                 |  | Total                                                              |               | Less than1 Year |               | 1 - 3 Years |               | 3 - 5 Years |  | More than5 Years |
| Holdings Credit Facility(1)   |  | $                                                                  | 576.3    |                           |               | $                          | —  |                            |  | $                     | —  |  |  | $             | 576.3    |  |  | $ | —  |  |
| Unsecured Notes(2)            |  | 511.5                                                         |               |                           | 145.0    |                            |               | 166.5                 |  |                       | 200.0    |  |  | —  |               |
| SBA-guaranteed debentures(3)  |  | 300.0                                                         |               |                           | —  |                            |               | 37.5                  |  |                       | 84.2     |  |  | 178.3    |               |
| DB Credit Facility(4)         |  | 224.3                                                         |               |                           | —  |                            |               | —               |  |                       | 224.3    |  |  | —  |               |
| Convertible Notes(5)          |  | 201.2                                                         |               |                           | —  |                            |               | 201.2                 |  |                       | —  |  |  | —  |               |
| NMFC Credit Facility(6)       |  | 131.9                                                         |               |                           | —  |                            |               | —               |  |                       | 131.9    |  |  | —  |               |
| NMNLC Credit Facility II(7)   |  | 15.2                                                          |               |                           | 15.2     |                            |               | —               |  |                       | —  |  |  | —  |               |
| Total Contractual Obligations |  | $                                                                  | 1,960.4  |                           |               | $                          | 160.2    |                            |  | $                     | 405.2    |  |  | $             | 1,216.7  |  |  | $ | 178.3    |  |

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|                             |  |                    |  |                    |  |                    |  |                          |            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------|--|--------------------|--|--------------------|--|--------------------|--|--------------------------|------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Fiscal Year Ended |  | Date Declared |  | Record Date   |  | Payment Date  |  | Per ShareAmount (1) |
| December 31, 2022           |  |                    |  |                    |  |                    |  |                          |
| First Quarter               |  | February 23, 2022  |  | March 17, 2022     |  | March 31, 2022     |  | $                        | 0.30  |  |
|                             |  |                    |  |                    |  |                    |  | $                        | 0.30  |  |
| December 31, 2021           |  |                    |  |                    |  |                    |  |                          |
| Fourth Quarter              |  | October 27, 2021   |  | December 16, 2021  |  | December 30, 2021  |  | $                        | 0.30  |  |
| Third Quarter               |  | July 29, 2021      |  | September 16, 2021 |  | September 30, 2021 |  | 0.30                |            |
| Second Quarter              |  | April 30, 2021     |  | June 16, 2021      |  | June 30, 2021      |  | 0.30                |            |
| First Quarter               |  | February 17, 2021  |  | March 17, 2021     |  | March 31, 2021     |  | 0.30                |            |
|                             |  |                    |  |                    |  |                    |  | $                        | 1.20  |  |
| December 31, 2020           |  |                    |  |                    |  |                    |  |                          |
| Fourth Quarter              |  | October 28, 2020   |  | December 16, 2020  |  | December 30, 2020  |  | $                        | 0.30  |  |
| Third Quarter               |  | July 29, 2020      |  | September 16, 2020 |  | September 30, 2020 |  | 0.30                |            |
| Second Quarter              |  | April 29, 2020     |  | June 16, 2020      |  | June 30, 2020      |  | 0.30                |            |
| First Quarter               |  | February 19, 2020  |  | March 13, 2020     |  | March 27, 2020     |  | 0.34                |            |
|                             |  |                    |  |                    |  |                    |  | $                        | 1.24  |  |
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|                                         |  |                                                                                                              |   |  |  |  |  |  |
|-----------------------------------------|--|--------------------------------------------------------------------------------------------------------------|---|--|--|--|--|--|
| Change in Interest Rates |  | EstimatedPercentageChange in InterestIncome Net ofInterest Expense (unaudited) |
| -25 Basis Points                        |  | 0.38                                                                                                    | % |
| Base Interest Rate                      |  | —                                                                                                 | % |
| +100 Basis Points                       |  | 4.89                                                                                                    | % |
| +200 Basis Points                       |  | 14.70                                                                                                   | % |
| +300 Basis Points                       |  | 24.50                                                                                                   | % |

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|               |  |                                                                                                                                   |                                                                                                                       |  |  |  |  |  |
|---------------|--|-----------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|
| ExhibitNumber |  | Description                                                                                                                       |
| 3.1(a)        |  | Amended and Restated Certificate of Incorporation of New Mountain Finance Corporation(2)                                          |
|               |  |                                                                                                                                   |
| 3.1(b)        |  | Certificate of Change of Registered Agent and/or Registered Office of New Mountain Finance Corporation(3)                     |
|               |  |                                                                                                                                   |
| 3.2      |  |                                                                                                                                   | Amended and Restated Bylaws of New Mountain Finance Corporation(2)                                                    |
|               |  |                                                                                                                                   |
| 3.3      |  |                                                                                                                                   | Certificate of Amendment to the Amended and Restated Certificate of Incorporation New Mountain Finance Corporation(4) |
|               |  |                                                                                                                                   |
| 4.1      |  |                                                                                                                                   | Form of Stock Certificate of New Mountain Finance Corporation(1)                                                 |
|               |  |                                                                                                                                   |
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| 31.1          |  | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended* |
|               |  |                                                                                                                                   |
| 31.2          |  | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) 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 (18 U.S.C. 1350)*         |
|               |  |                                                                                                                                   |
| 32.2          |  | Certification of Chief Financial Officer pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)*         |

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|        |                                  |                                              |  |  |  |  |  |  |
|--------|----------------------------------|----------------------------------------------|--|--|--|--|--|--|
|   | NEW MOUNTAIN FINANCE CORPORATION |
|   |                             |
|   | By:                          | /s/ ROBERT A. HAMWEE                 |
|   |                             | Robert A. Hamwee                             |
|   |                             | Chief Executive Officer                      |
|   |                             | (Principal Executive Officer), and Director  |
|   |                             |
|   | By:                          | /s/ SHIRAZ Y. KAJEE                  |
|   |                             | Shiraz Y. Kajee                              |
|   |                             | Chief Financial Officer                      |
|   |                             | (Principal Financial and Accounting Officer) |