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

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

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

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

|                            |        |                                                                                                                                                                                                                                                                                                      |        |                                                |  |  |  |  |  |  |  |  |  |  |
|----------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|--|--|--|--|--|--|--|--|--|--|
| 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                                     |
|                       |   | 787 Seventh Avenue, 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              | New York Stock Exchange                   |  |
|  | 5.75% Notes due 2023                    | NMFX              | New York Stock Exchange                   |  |

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

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

|                                         |        |                             |  |  |  |  |  |  |
|-----------------------------------------|--------|-----------------------------|--|--|--|--|--|--|
| Description                             |   | Shares as of August 5, 2020 |
| Common stock, par value $0.01 per share |   | 96,827,342                  |

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

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Table of Contents

|                                         |                                                                                                                                             |        |  |  |  |  |  |  |
|-----------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--|--|--|--|--|--|
|                                    |                                                                                                                                             | PAGE   |
|                                    |                                                                                                                                             |   |
| PART I. FINANCIAL INFORMATION |                                                                                                                                             |        |
|                                    |                                                                                                                                             |        |
| Item 1.                            | Financial Statements                                                                                                                        |        |
|                                    |                                                                                                                                        |   |
|                                    | New Mountain Finance Corporation                                                                                                            |   |
|                                    | Consolidated Statements of Assets and Liabilities as of June 30, 2020 (unaudited) and December 31, 2019 (unaudited)               | 3      |
|                                    | Consolidated Statements of Operations for the three and six months ended June 30, 2020 (unaudited) and June 30, 2019 (unaudited)            | 4      |
|                                    | Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2020 (unaudited) and June 30, 2019 (unaudited) | 5      |
|                                    | Consolidated Statements of Cash Flows for the six months ended June 30, 2020 (unaudited) and June 30, 2019 (unaudited)                      | 6      |
|                                    | Consolidated Schedule of Investments as of June 30, 2020 (unaudited)                                                                        | 7      |
|                                    | Consolidated Schedule of Investments as of December 31, 2019                                                                           | 29     |
|                                    | Notes to the Consolidated Financial Statements of New Mountain Finance Corporation (unaudited)                                              | 48     |
|                                    | Report of Independent Registered Public Accounting Firm                                                                                     | 90     |
|                                    |                                                                                                                                        |        |
| Item 2.                            | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                 | 91     |
| Item 3.                            | Quantitative and Qualitative Disclosures About Market Risk                                                                                  | 125    |
| Item 4.                            | Controls and Procedures                                                                                                                     | 126    |
|                                    |                                                                                                                                             |        |
| PART II. OTHER INFORMATION    |                                                                                                                                             | 127    |
|                                    |                                                                                                                                             |        |
| Item 1.                            | Legal Proceedings                                                                                                                           | 127    |
| Item 1A.                           | Risk Factors                                                                                                                                | 127    |
| Item 2.                            | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                 | 132    |
| Item 3.                            | Defaults Upon Senior Securities                                                                                                             | 132    |
| Item 4.                            | Mine Safety Disclosures                                                                                                                     | 132    |
| Item 5.                            | Other Information                                                                                                                           | 132    |
| Item 6.                            | Exhibits                                                                                                                                    | 133    |
|                                    | Signatures                                                                                                                                  | 134    |

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Table of Contents

|                                                                                                                                                   |                  |                 |                   |                  |        |                 |        |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------|------------------|-----------------|-------------------|------------------|--------|-----------------|--------|--|--|--|--|
|                                                                                                                                              | June 30, 2020    |                 | December 31, 2019 |
| Assets                                                                                                                                            |             |                 |              |
| Investments at fair value                                                                                                                         |             |                 |              |
| Non-controlled/non-affiliated investments (cost of $2,307,414 and $2,619,408, respectively)                                                   | $                | 2,234,933  |              |                  | $      | 2,613,801  |   |
| Non-controlled/affiliated investments (cost of $77,989 and $82,825, respectively)                                                             | 55,084      |            |                   | 73,527      |   |
| Controlled investments (cost of $582,965 and $449,308, respectively)                                                                              | 536,445     |            |                   | 472,952     |   |
| Total investments at fair value (cost of $2,968,368 and $3,151,541, respectively)                                                                 | 2,826,462   |            |                   | 3,160,280   |   |
| Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively)                                        | 21,422      |            |                   | 21,422      |   |
| Cash and cash equivalents                                                                                                                         | 56,163      |            |                   | 48,574      |   |
| Interest and dividend receivable                                                                                                                  | 33,348      |            |                   | 31,800      |   |
|                                                                                                                                                   |                  |                 |                   |
| Receivable from affiliates                                                                                                                        | 259         |            |                   | 277         |   |
| Other assets                                                                                                                                      | 5,904       |            |                   | 3,702       |   |
| Total assets                                                                                                                                      | $                | 2,943,558  |              |                  | $      | 3,266,055  |   |
| Liabilities                                                                                                                                       |             |                 |              |
| Borrowings                                                                                                                                        |                  |                 |                   |
|      Holdings Credit Facility                                                                                            | $                | 500,163    |              |                  | $      | 661,563    |   |
|      Unsecured Notes                                                                                                     | 453,250     |            |                   | 453,250     |   |
|      SBA-guaranteed debentures                                                                                           | 300,000     |            |                   | 225,000     |   |
|      DB Credit Facility                                                                                                  | 215,000     |            |                   | 230,000     |   |
|      Convertible Notes                                                                                                   | 201,571     |            |                   | 201,623     |   |
|      NMFC Credit Facility                                                                                                | 78,500      |            |                   | 188,500     |   |
|                                                                                                                                                   |                  |                 |                   |
|      Deferred financing costs (net of accumulated amortization of $30,733 and $28,390, respectively)                     | (17,263)         |            |                   | (17,640)         |   |
| Net borrowings                                                                                                                                    | 1,731,221   |            |                   | 1,942,296   |   |
| Payable for unsettled securities purchased                                                                                                        | 3,465       |            |                   | 1,780       |   |
| Management fee payable                                                                                                                            | 30,564      |            |                   | 10,298      |   |
| Incentive fee payable                                                                                                                             | 22,368      |            |                   | 7,646       |   |
| Interest payable                                                                                                                                  | 14,640      |            |                   | 16,484      |   |
| Payable to affiliates                                                                                                                             | 2,061       |            |                   | 673         |   |
| Deferred tax liability                                                                                                                            | 391         |            |                   | 912         |   |
| Other liabilities                                                                                                                                 | 1,982       |            |                   | 2,498       |   |
| Total liabilities                                                                                                                                 | 1,806,692   |            |                   | 1,982,587   |   |
| 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 96,827,342 and 96,827,342 shares issued and outstanding, respectively | 968         |            |                   | 968         |   |
| Paid in capital in excess of par                                                                                                                  | 1,287,853   |            |                   | 1,287,853   |   |
|                                                                                                                                                   |                  |                 |                   |
| Accumulated overdistributed earnings                                                                                                              | (163,198)        |            |                   | (5,353)          |   |
| Total net assets of New Mountain Finance Corporation                                                                                              | 1,125,623   |            |                   | 1,283,468   |   |
| Non-controlling interest in New Mountain Net Lease Corporation                                                                                    | 11,243      |            |                   | —     |   |
| Total net assets                                                                                                                                  | $                | 1,136,866  |              |                  | $      | 1,283,468  |   |
| Total liabilities and net assets                                                                                                                  | $                | 2,943,558  |              |                  | $      | 3,266,055  |   |
| Number of shares outstanding                                                                                                                      | 96,827,342  |            |                   | 96,827,342  |   |
| Net asset value per share of New Mountain Finance Corporation                                                                                     | $                | 11.63      |              |                  | $      | 13.26      |   |

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Table of Contents

|                                                                                                                                          |                    |              |               |                  |                  |              |                   |        |   |                  |        |  |   |              |        |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------|---------------|------------------|------------------|--------------|-------------------|--------|---|------------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
|                                                                                                                                          | Three Months Ended |              |               |                  | Six Months Ended |              |                   |
|                                                                                                                                          | June 30, 2020      |              | June 30, 2019 |                  | June 30, 2020    |              | June 30, 2019     |
| Investment income                                                                                                                   |                    |              |               |                  |                  |              |                   |
| From non-controlled/non-affiliated investments:                                                                                  |                    |              |               |                  |                  |              |                   |
| Interest income                                                                                                                          | $                  | 48,860  |          |                  | $                | 48,018  |              |        | $ | 106,446     |   |  | $ | 92,475  |   |
|                                                                                                                                          |                    |              |               |                  |                  |              |                   |
| Non-cash dividend income                                                                                                                 | 2,300         |         |               | 2,069       |             |              | 4,624        |   |   | 4,043       |   |
| Other income                                                                                                                             | 1,117         |         |               | 1,841       |             |              | 2,588        |   |   | 4,095       |   |
| From non-controlled/affiliated investments:                                                                                      |                    |              |               |                  |                  |              |                   |
| Interest income                                                                                                                          | (1,235)            |         |               | 1,033       |             |              | (166)             |   |   | 2,037       |   |
| Dividend income                                                                                                                          | 689           |         |               | 812         |             |              | 1,409        |   |   | 1,538       |   |
| Non-cash dividend income                                                                                                                 | —       |         |               | 301         |             |              | (3,418)           |   |   | 592         |   |
| Other income                                                                                                                             | 284           |         |               | 301         |             |              | 575          |   |   | 592         |   |
| From controlled investments:                                                                                                         |                    |              |               |                  |                  |              |                   |
| Interest income                                                                                                                          | 3,738         |         |               | 2,584       |             |              | 6,719        |   |   | 5,047       |   |
| Dividend income                                                                                                                          | 7,725         |         |               | 7,265       |             |              | 15,954       |   |   | 15,722      |   |
| Non-cash dividend income                                                                                                                 | 1,502         |         |               | 2,128       |             |              | 4,140        |   |   | 4,173       |   |
| Other income                                                                                                                             | 987           |         |               | 113         |             |              | 1,180        |   |   | 342         |   |
| Total investment income                                                                                                                  | 65,967        |         |               | 66,465      |             |              | 140,051      |   |   | 130,656     |   |
| Expenses                                                                                                                                 |                    |              |               |                  |                  |              |                   |
| Incentive fee                                                                                                                            | 6,896         |         |               | 6,987       |             |              | 14,722       |   |   | 13,850      |   |
| Management fee                                                                                                                           | 13,134        |         |               | 11,640      |             |              | 26,992       |   |   | 22,615      |   |
| Interest and other financing expenses                                                                                                    | 19,229        |         |               | 20,719      |             |              | 41,423       |   |   | 39,865      |   |
| Administrative expenses                                                                                                                  | 1,239         |         |               | 1,049       |             |              | 2,279        |   |   | 2,144       |   |
| Professional fees                                                                                                                        | 969           |         |               | 886         |             |              | 1,874        |   |   | 1,652       |   |
| Other general and administrative expenses                                                                                                | 442           |         |               | 398         |             |              | 941          |   |   | 810         |   |
| Total expenses                                                                                                                           | 41,909        |         |               | 41,679      |             |              | 88,231       |   |   | 80,936      |   |
| Less: management fees waived (See Note 5)                                                                                            | (3,183)            |         |               | (2,823)          |             |              | (6,726)           |   |   | (5,356)          |   |
| Less: expenses waived and reimbursed (See Note 5)                                                                               | (335)              |         |               | (335)            |             |              | (335)             |   |   | (335)            |   |
| Net expenses                                                                                                                             | 38,391        |         |               | 38,521      |             |              | 81,170       |   |   | 75,245      |   |
| Net investment income before income taxes                                                                                                | 27,576        |         |               | 27,944      |             |              | 58,881       |   |   | 55,411      |   |
| Income tax (benefit) expense                                                                                                             | (7)                |         |               | (4)              |             |              | (7)               |   |   | 13          |   |
| Net investment income                                                                                                                    | 27,583        |         |               | 27,948      |             |              | 58,888       |   |   | 55,398      |   |
| Net realized (losses) gains:                                                                                                         |                    |              |               |                  |                  |              |                   |
| Non-controlled/non-affiliated investments                                                                                            | (3,759)            |         |               | 47          |             |              | (4,461)           |   |   | 90          |   |
|                                                                                                                                          |                    |              |               |                  |                  |              |                   |
| Controlled investments                                                                                                                   | 3             |         |               | 5           |             |              | 7            |   |   | 8           |   |
| New Mountain Net Lease Corporation                                                                                                       | —       |         |               | —     |             |              | 812          |   |   | —     |   |
| Net change in unrealized appreciation (depreciation):                                                                                |                    |              |               |                  |                  |              |                   |
| Non-controlled/non-affiliated investments                                                                                       | 51,466        |         |               | 2,677       |             |              | (88,817)          |   |   | 12,440      |   |
| Non-controlled/affiliated investments                                                                                                | (2,771)            |         |               | (1,637)          |             |              | (13,607)          |   |   | (2,528)          |   |
| Controlled investments                                                                                                                   | 4,587         |         |               | (5,025)          |             |              | (48,221)          |   |   | 2,417       |   |
|                                                                                                                                          |                    |              |               |                  |                  |              |                   |
| New Mountain Net Lease Corporation                                                                                                       | —       |         |               | —     |             |              | (812)             |   |   | —     |   |
| (Provision) benefit for taxes                                                                                                            | (377)              |         |               | (270)            |             |              | 521          |   |   | (160)            |   |
| Net realized and unrealized gains (losses)                                                                                               | 49,149        |         |               | (4,203)          |             |              | (154,578)         |   |   | 12,267      |   |
| Net increase (decrease) in net assets resulting from operations                                                                          | 76,732        |         |               | 23,745      |             |              | (95,690)          |   |   | 67,665      |   |
| Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation | 251           |         |               | —     |             |              | 186          |   |   | —     |   |
| Net increase (decrease) in net assets resulting from operations related to New Mountain Finance Corporation                              | $                  | 76,481  |          |                  | $                | 23,745  |              |        | $ | (95,876)         |   |  | $ | 67,665  |   |
| Basic earnings (loss) per share                                                                                                          | $                  | 0.79    |          |                  | $                | 0.29    |              |        | $ | (0.99)           |   |  | $ | 0.85    |   |
| Weighted average shares of common stock outstanding - basic (See Note 11)                                                                | 96,827,342    |         |               | 80,522,426  |             |              | 96,827,342   |   |   | 79,495,737  |   |
| Diluted earnings (loss) per share                                                                                                        | $                  | 0.72    |          |                  | $                | 0.27    |              |        | $ | (0.99)           |   |  | $ | 0.76    |   |
| Weighted average shares of common stock outstanding - diluted (See Note 11)                                                              | 110,084,927   |         |               | 97,693,499  |             |              | 110,084,927  |   |   | 96,780,587  |   |
| Distributions declared and paid per share                                                                                                | $                  | 0.30    |          |                  | $                | 0.34    |              |        | $ | 0.64        |   |  | $ | 0.68    |   |

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Table of Contents

|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |        |   |                 |        |  |   |                 |        |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------|--------------------|-----------------|---------------|-----------------|------------------|-----------------|-----------------|--------|---|-----------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|
|                                                                                                                                          | Three Months Ended |                 |               |                 | Six Months Ended |                 |                 |
|                                                                                                                                          | June 30, 2020      |                 | June 30, 2019 |                 | June 30, 2020    |                 | June 30, 2019   |
| Increase (decrease) in net assets resulting from operations:                                                                         |                    |                 |               |                 |                  |                 |                 |
| Net investment income                                                                                                                    | $                  | 27,583     |          |                 | $                | 27,948     |            |        | $ | 58,888     |   |  | $ | 55,398     |   |
| Net realized (losses) gains on investments and New Mountain Net Lease Corporation                                                        | (3,756)            |            |               | 52         |             |                 | (3,642)         |   |   | 98         |   |
| Net change in unrealized appreciation (depreciation) of investments and New Mountain Net Lease Corporation                               | 53,282        |            |               | (3,985)         |             |                 | (151,457)       |   |   | 12,329     |   |
|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |
| (Provision) benefit for taxes                                                                                                            | (377)              |            |               | (270)           |             |                 | 521        |   |   | (160)           |   |
| Net increase (decrease) in net assets resulting from operations                                                                          | 76,732        |            |               | 23,745     |             |                 | (95,690)        |   |   | 67,665     |   |
| Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation | 251           |            |               | —    |             |                 | 186        |   |   | —    |   |
| Net increase (decrease) in net assets resulting from operations related to New Mountain Finance Corporation                              | 76,481        |            |               | 23,745     |             |                 | (95,876)        |   |   | 67,665     |   |
| Capital transactions                                                                                                                     |                    |                 |               |                 |                  |                 |                 |
| Net proceeds from shares sold                                                                                                            | —       |            |               | —    |             |                 | —    |   |   | 59,297     |   |
| Deferred offering costs                                                                                                                  | —       |            |               | —    |             |                 | —    |   |   | (229)           |   |
| Distributions declared to stockholders from net investment income                                                                        | (29,048)           |            |               | (27,377)        |             |                 | (61,969)        |   |   | (54,719)        |   |
| Reinvestment of distributions                                                                                                            | —       |            |               | 1,270      |             |                 | —    |   |   | 2,634      |   |
|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |
|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |
| Total net (decrease) increase in net assets resulting from capital transactions                                                          | (29,048)           |            |               | (26,107)        |             |                 | (61,969)        |   |   | 6,983      |   |
| Net increase (decrease) in net assets                                                                                                    | 47,433        |            |               | (2,362)         |             |                 | (157,845)       |   |   | 74,648     |   |
| New Mountain Finance Corporation net assets at the beginning of the period                                                               | 1,078,190     |            |               | 1,083,279  |             |                 | 1,283,468  |   |   | 1,006,269  |   |
| New Mountain Finance Corporation net assets at the end of the period                                                                     | 1,125,623     |            |               | 1,080,917  |             |                 | 1,125,623  |   |   | 1,080,917  |   |
| Non-controlling interest in New Mountain Net Lease Corporation                                                                           | 11,243        |            |               | —    |             |                 | 11,243     |   |   | —    |   |
| Net assets at the end of the period                                                                                                      | $                  | 1,136,866  |          |                 | $                | 1,080,917  |            |        | $ | 1,136,866  |   |  | $ | 1,080,917  |   |
|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |
| Capital share activity                                                                                                                   |                    |                 |               |                 |                  |                 |                 |
| Shares sold                                                                                                                              | —       |            |               | —    |             |                 | —    |   |   | 4,312,500  |   |
| Shares issued from the reinvestment of distributions                                                                                     | —       |            |               | 90,872     |             |                 | —    |   |   | 191,430    |   |
|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |
|                                                                                                                                          |                    |                 |               |                 |                  |                 |                 |
| Net increase in shares outstanding                                                                                                       | —       |            |               | 90,872     |             |                 | —    |   |   | 4,503,930  |   |

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Table of Contents

|                                                                                                                                                      |                  |               |               |               |        |              |        |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|---------------|---------------|---------------|--------|--------------|--------|--|--|--|--|
|                                                                                                                                                      | Six Months Ended |               |               |
|                                                                                                                                                      | June 30, 2020    |               | June 30, 2019 |
| Cash flows from operating activities                                                                                                                 |                  |               |               |
| Net (decrease) increase in net assets resulting from operations                                                                                      | $                | (95,690)      |          |               | $      | 67,665  |   |
| Adjustments to reconcile net decrease (increase) in net assets resulting from operations to net cash provided by (used in) operating activities: |                  |               |               |
| Net realized losses (gains) on investments and New Mountain Net Lease Corporation                                                                    | 3,642       |          |               | (98)          |   |
| Net change in unrealized depreciation (appreciation) of investments and New Mountain Net Lease Corporation                                           | 151,457     |          |               | (12,329)      |   |
|                                                                                                                                                      |                  |               |               |
| Amortization of purchase discount                                                                                                                    | (6,495)          |          |               | (2,205)       |   |
| Amortization of deferred financing costs                                                                                                             | 2,343       |          |               | 3,247    |   |
| Amortization of premium on Convertible Notes                                                                                                         | (52)             |          |               | (57)          |   |
| Non-cash investment income                                                                                                                           | (13,159)         |          |               | (14,274)      |   |
| (Increase) decrease in operating assets:                                                                                                         |                  |               |               |
| Proceeds from sale of non-controlling interest in New Mountain Net Lease Corporation                                                                 | 11,315      |          |               | —  |   |
| Purchase of investments and delayed draw facilities                                                                                                  | (215,345)        |          |               | (341,402)     |   |
| Proceeds from sales and paydowns of investments                                                                                                      | 437,631     |          |               | 74,268   |   |
| Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities                                                         | 210         |          |               | 88       |   |
| Cash paid for purchase of drawn portion of revolving credit facilities                                                                               | (13,996)         |          |               | (338)         |   |
| Cash paid on drawn revolvers                                                                                                                         | (40,066)         |          |               | (13,181)      |   |
| Cash repayments on drawn revolvers                                                                                                                   | 29,939      |          |               | 8,328    |   |
| Interest and dividend receivable                                                                                                                     | (1,548)          |          |               | (3,304)       |   |
|                                                                                                                                                      |                  |               |               |
| Receivable from affiliates                                                                                                                           | 18          |          |               | (9)           |   |
| Other assets                                                                                                                                         | (1,983)          |          |               | (802)         |   |
| Increase (decrease) in operating liabilities:                                                                                                    |                  |               |               |
| Management fee payable                                                                                                                               | 20,266      |          |               | 425      |   |
| Incentive fee payable                                                                                                                                | 14,722      |          |               | 123      |   |
| Payable for unsettled securities purchased                                                                                                           | 1,685       |          |               | 64,783   |   |
| Payable to affiliates                                                                                                                                | 1,388       |          |               | (570)         |   |
| Interest payable                                                                                                                                     | (1,844)          |          |               | 3,104    |   |
| Deferred tax liability                                                                                                                               | (521)            |          |               | 160      |   |
| Other liabilities                                                                                                                                    | 218         |          |               | (3,360)       |   |
| Distributions related to non-controlling interest in New Mountain Net Lease Corporation                                                              | (258)            |          |               | —  |   |
| Net cash flows provided by (used in) operating activities                                                                                            | 283,877     |          |               | (169,738)     |   |
| Cash flows from financing activities                                                                                                                 |                  |               |               |
| Net proceeds from shares sold                                                                                                                        | —     |          |               | 59,297   |   |
| Distributions paid                                                                                                                                   | (61,969)         |          |               | (52,085)      |   |
| Offering costs paid                                                                                                                                  | (175)            |          |               | (380)         |   |
| Proceeds from Holdings Credit Facility                                                                                                               | 16,000      |          |               | 119,500  |   |
| Repayment of Holdings Credit Facility                                                                                                                | (177,400)        |          |               | (83,000)      |   |
| Proceeds from Convertible Notes                                                                                                                      | —     |          |               | 86,681   |   |
| Repayment of Convertible Notes                                                                                                                       | —     |          |               | (155,250)     |   |
| Proceeds from Unsecured Notes                                                                                                                        | —     |          |               | 116,500  |   |
| Proceeds from SBA-guaranteed debentures                                                                                                              | 75,000      |          |               | —  |   |
| Proceeds from NMFC Credit Facility                                                                                                                   | 25,000      |          |               | 245,000  |   |
| Repayment of NMFC Credit Facility                                                                                                                    | (135,000)        |          |               | (170,000)     |   |
| Proceeds from DB Credit Facility                                                                                                                     | 40,000      |          |               | 95,000   |   |
| Repayment of DB Credit Facility                                                                                                                      | (55,000)         |          |               | (52,000)      |   |
|                                                                                                                                                      |                  |               |               |
|                                                                                                                                                      |                  |               |               |
|                                                                                                                                                      |                  |               |               |
| Deferred financing costs paid                                                                                                                        | (2,744)          |          |               | (2,028)       |   |
|                                                                                                                                                      |                  |               |               |
| Net cash flows (used in) provided by financing activities                                                                                            | (276,288)        |          |               | 207,235  |   |
| Net increase in cash and cash equivalents                                                                                                            | 7,589       |          |               | 37,497   |   |
| Cash and cash equivalents at the beginning of the period                                                                                             | 48,574      |          |               | 49,664   |   |
| Cash and cash equivalents at the end of the period                                                                                                   | $                | 56,163   |          |               | $      | 87,161  |   |
| Supplemental disclosure of cash flow information                                                                                                     |                  |               |               |
| Cash interest paid                                                                                                                                   | $                | 40,183   |          |               | $      | 34,452  |   |
| Income taxes paid                                                                                                                                    | 6           |          |               | 10       |   |
|                                                                                                                                                      |                  |               |               |
|                                                                                                                                                      |                  |               |               |
| Non-cash financing activities:                                                                                                                   |                  |               |               |
| Value of shares issued in connection with the distribution reinvestment plan                                                                         | $                | —  |          |               | $      | 2,634   |   |
|                                                                                                                                                      |                  |               |               |
| Accrual for offering costs                                                                                                                           | 108         |          |               | 40       |   |
| Accrual for deferred financing costs                                                                                                                 | 9           |          |               | 336      |   |

----

Table of Contents

|                                                                     |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--------------------------------|--|-------------------------|--|-------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)                        |  | Type of Investment             |  | Interest Rate (12)      |  | Acquisition Date  |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| Non-Controlled/Non-Affiliated Investments                       |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Funded Debt Investments - Canada                                    |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Dentalcorp Health Services ULC (fka Dentalcorp Perfect Smile ULC)** |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                                 |  | Second lien (3)(10)            |  | 8.50% (L + 7.50%/M) |  | 6/1/2018  |  | 6/8/2026               |  | $                                           | 28,613  |       |              | $                | 28,403  |                 |        | $ | 26,120  |   |  |            |
|                                                                     |  | Second lien (8)(10)            |  | 8.50% (L + 7.50%/M) |  | 6/1/2018  |  | 6/8/2026               |  | 7,500                                  |         |            | 7,448   |             |              | 6,847           |   |   |              |
|                                                                     |  |                                |  |                         |  |                   |  |                                |  | 36,113                                 |         |            | 35,851  |             |              | 32,967          |   |   | 2.90    | %      |
| Wolfpack IP Co.**                                                   |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                            |  | First lien (2)(10)             |  | 7.50% (L + 6.50%/S) |  | 6/14/2019 |  | 6/13/2025              |  | 9,091                                  |         |            | 9,013   |             |              | 9,024           |   |   | 0.79    | %      |
| Total Funded Debt Investments - Canada                              |  |                                |  |                         |  |                   |  |                                |  | $                                           | 45,204  |       |              | $                | 44,864  |                 |        | $ | 41,991  |   |  | 3.69  | % |
| 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              |  | $                                           | 25,323  |       |              | $                | 25,206  |                 |        | $ | 24,057  |   |  | 2.12  | % |
| Total Funded Debt Investments - United Arab Emirates                |  |                                |  |                         |  |                   |  |                                |  | $                                           | 25,323  |       |              | $                | 25,206  |                 |        | $ | 24,057  |   |  | 2.12  | % |
| Funded Debt Investments - United Kingdom                            |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Shine Acquisition Co. S.à.r.l / Boing US Holdco Inc.**     |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Consumer Services                                                   |  | Second lien (2)(10)            |  | 8.50% (L + 7.50%/M) |  | 9/25/2017 |  | 10/3/2025              |  | $                                           | 37,853  |       |              | $                | 37,684  |                 |        | $ | 37,043  |   |  |            |
|                                                                     |  | Second lien (8)(10)            |  | 8.50% (L + 7.50%/M) |  | 9/25/2017 |  | 10/3/2025              |  | 6,000                                  |         |            | 5,973   |             |              | 5,872           |   |   |              |
|                                                                     |  |                                |  |                         |  |                   |  |                                |  | 43,853                                 |         |            | 43,657  |             |              | 42,915          |   |   | 3.77    | %      |
| Aston FinCo S.a r.l. / Aston US Finco, LLC**                    |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                            |  | Second lien (8)(10)            |  | 8.44% (L + 8.25%/M) |  | 10/8/2019 |  | 10/8/2027              |  | 34,459                                 |         |            | 34,200  |             |              | 34,201          |   |   | 3.01    | %      |
| Total Funded Debt Investments - United Kingdom                      |  |                                |  |                         |  |                   |  |                                |  | $                                           | 78,312  |       |              | $                | 77,857  |                 |        | $ | 77,116  |   |  | 6.78  | % |
| Funded Debt Investments - United States                             |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| GS Acquisitionco, Inc.                                              |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                            |  | First lien (2)(10)             |  | 6.83% (L + 5.75%/S) |  | 8/7/2019  |  | 5/24/2024              |  | $                                           | 26,774  |       |              | $                | 26,634  |                 |        | $ | 26,607  |   |  |            |
|                                                                     |  | First lien (2)(10)             |  | 6.84% (L + 5.75%/S) |  | 8/7/2019  |  | 5/24/2024              |  | 26,081                                 |         |            | 25,931  |             |              | 25,920          |   |   |              |
|                                                                     |  | First lien (5)(10)             |  | 6.83% (L + 5.75%/S) |  | 8/7/2019  |  | 5/24/2024              |  | 22,306                                 |         |            | 22,190  |             |              | 22,168          |   |   |              |
|                                                                     |  | First lien (3)(10)(11) - Drawn |  | 6.83% (L + 5.75%/S) |  | 8/7/2019  |  | 5/24/2024              |  | 1,881                                  |         |            | 1,869   |             |              | 1,869           |   |   |              |
|                                                                     |  |                                |  |                         |  |                   |  |                                |  | 77,042                                 |         |            | 76,624  |             |              | 76,564          |   |   | 6.73    | %      |
| PhyNet Dermatology LLC                                              |  |                                |  |                         |  |                   |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                                 |  | First lien (2)(10)             |  | 6.50% (L + 5.50%/M) |  | 9/17/2018 |  | 8/16/2024              |  | 50,112                                 |         |            | 49,743  |             |              | 47,907          |   |   |              |
|                                                                     |  | First lien (3)(10)(11) - Drawn |  | 6.50% (L + 5.50%/M) |  | 9/17/2018 |  | 8/16/2024              |  | 27,998                                 |         |            | 27,880  |             |              | 26,766          |   |   |              |
|                                                                     |  |                                |  |                         |  |                   |  |                                |  | 78,110                                 |         |            | 77,623  |             |              | 74,673          |   |   | 6.55    | %      |

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Table of Contents

|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|--------------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (12)                   |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| Associations, Inc.                           |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | First lien (2)(10)             |  | 8.46% (L + 4.00% + 3.00% PIK/Q)* |  | 7/30/2018  |  | 7/30/2024              |  | $                                           | 45,239  |       |              | $                | 45,035  |                 |        | $ | 44,424  |   |  |  |
|                                              |  | First lien (8)(10)             |  | 8.46% (L + 4.00% + 3.00% PIK/Q)* |  | 7/30/2018  |  | 7/30/2024              |  | 5,193                                  |         |            | 5,170   |             |              | 5,099           |   |   |              |
|                                              |  | First lien (2)(10)(11) - Drawn |  | 8.46% (L + 4.00% + 3.00% PIK/Q)* |  | 7/30/2018  |  | 7/30/2024              |  | 7,488                                  |         |            | 7,453   |             |              | 7,354           |   |   |              |
|                                              |  | First lien (2)(10)(11) - Drawn |  | 7.46% (L + 6.00%/Q)              |  | 7/30/2018  |  | 7/30/2024              |  | 2,033                                  |         |            | 2,020   |             |              | 1,996           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 59,953                                 |         |            | 59,678  |             |              | 58,873          |   |   | 5.18    | %      |
| ConnectWise, LLC                             |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (2)(10)             |  | 7.07% (L + 6.00%/S)              |  | 11/26/2019 |  | 2/28/2025              |  | 55,333                                 |         |            | 55,020  |             |              | 54,989          |   |   | 4.84    | %      |
| CentralSquare Technologies, LLC              |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | Second lien (3)(10)            |  | 7.68% (L + 7.50%/M)              |  | 8/15/2018  |  | 8/31/2026              |  | 47,838                                 |         |            | 47,327  |             |              | 44,628          |   |   |              |
|                                              |  | Second lien (8)(10)            |  | 7.68% (L + 7.50%/M)              |  | 8/15/2018  |  | 8/31/2026              |  | 7,500                                  |         |            | 7,420   |             |              | 6,997           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 55,338                                 |         |            | 54,747  |             |              | 51,625          |   |   | 4.54    | %      |
| Salient CRGT Inc.                            |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Federal Services                             |  | First lien (2)(10)             |  | 7.57% (L + 6.50%/S)              |  | 1/6/2015   |  | 2/28/2022              |  | 38,470                                 |         |            | 38,270  |             |              | 37,370          |   |   |              |
|                                              |  | First lien (8)(10)             |  | 7.57% (L + 6.50%/S)              |  | 6/6/2019   |  | 2/28/2022              |  | 13,146                                 |         |            | 12,804  |             |              | 12,770          |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 51,616                                 |         |            | 51,074  |             |              | 50,140          |   |   | 4.41    | %      |
| iCIMS, Inc.                                  |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (8)(10)             |  | 7.50% (L + 6.50%/S)              |  | 9/12/2018  |  | 9/12/2024              |  | 41,636                                 |         |            | 41,307  |             |              | 41,011          |   |   |              |
|                                              |  | First lien (8)(10)             |  | 7.50% (L + 6.50%/S)              |  | 6/14/2019  |  | 9/12/2024              |  | 8,667                                  |         |            | 8,595   |             |              | 8,537           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 50,303                                 |         |            | 49,902  |             |              | 49,548          |   |   | 4.36    | %      |
| DCA Investment Holding, LLC                  |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                          |  | First lien (3)(10)             |  | 6.30% (L + 5.25%/S)              |  | 4/16/2019  |  | 7/2/2021               |  | 20,411                                 |         |            | 20,264  |             |              | 18,845          |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.32% (L + 5.25%/S)              |  | 7/2/2015   |  | 7/2/2021               |  | 17,006                                 |         |            | 16,973  |             |              | 15,701          |   |   |              |
|                                              |  | First lien (3)(10)             |  | 6.32% (L + 5.25%/S)              |  | 12/20/2017 |  | 7/2/2021               |  | 8,845                                  |         |            | 8,808   |             |              | 8,167           |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.32% (L + 5.25%/S)              |  | 12/20/2017 |  | 7/2/2021               |  | 4,163                                  |         |            | 4,149   |             |              | 3,844           |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 6.25% (L + 5.25%/S)              |  | 7/2/2015   |  | 7/2/2021               |  | 2,056                                  |         |            | 2,036   |             |              | 1,899           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 52,481                                 |         |            | 52,230  |             |              | 48,456          |   |   | 4.26    | %      |
| Frontline Technologies Group Holdings, LLC   |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (4)(10)             |  | 6.75% (L + 5.75%/Q)              |  | 9/18/2017  |  | 9/18/2023              |  | 22,051                                 |         |            | 21,953  |             |              | 21,542          |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.75% (L + 5.75%/Q)              |  | 9/18/2017  |  | 9/18/2023              |  | 18,583                                 |         |            | 18,533  |             |              | 18,154          |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.75% (L + 5.75%/Q)              |  | 9/18/2017  |  | 9/18/2023              |  | 7,671                                  |         |            | 7,626   |             |              | 7,494           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 48,305                                 |         |            | 48,112  |             |              | 47,190          |   |   | 4.15    | %      |

----

Table of Contents

|                                                    |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------|--|---------------------|--|--------------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)       |  | Type of Investment  |  | Interest Rate (12)                   |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| NM GRC Holdco, LLC                                 |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                  |  | First lien (2)(10)  |  | 8.50% (L + 6.00% + 1.50% PIK/Q)* |  | 2/9/2018   |  | 2/9/2024               |  | $                                           | 38,269  |       |              | $                | 38,144  |                 |        | $ | 35,671  |   |  |  |
|                                                    |  | First lien (2)(10)  |  | 8.50% (L + 6.00% + 1.50% PIK/Q)* |  | 2/9/2018   |  | 2/9/2024               |  | 10,636                                 |         |            | 10,599  |             |              | 9,914           |   |   |              |
|                                                    |  |                     |  |                                      |  |                    |  |                                |  | 48,905                                 |         |            | 48,743  |             |              | 45,585          |   |   | 4.01    | %      |
| Integro Parent Inc.                                |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                  |  | First lien (2)(10)  |  | 6.75% (L + 5.75%/M)              |  | 10/9/2015  |  | 10/31/2022             |  | 34,743                                 |         |            | 34,634  |             |              | 34,743          |   |   |              |
|                                                    |  | Second lien (8)(10) |  | 10.25% (L + 9.25%/M)             |  | 10/9/2015  |  | 10/30/2023             |  | 10,000                                 |         |            | 9,948   |             |              | 10,000          |   |   |              |
|                                                    |  |                     |  |                                      |  |                    |  |                                |  | 44,743                                 |         |            | 44,582  |             |              | 44,743          |   |   | 3.94    | %      |
| Brave Parent Holdings, Inc.                        |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                           |  | Second lien (5)(10) |  | 7.68% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026              |  | 22,500                                 |         |            | 22,410  |             |              | 22,093          |   |   |              |
|                                                    |  | Second lien (2)(10) |  | 7.68% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026              |  | 16,624                                 |         |            | 16,488  |             |              | 16,323          |   |   |              |
|                                                    |  | Second lien (8)(10) |  | 7.68% (L + 7.50%/M)              |  | 4/17/2018  |  | 4/17/2026              |  | 6,000                                  |         |            | 5,951   |             |              | 5,891           |   |   |              |
|                                                    |  |                     |  |                                      |  |                    |  |                                |  | 45,124                                 |         |            | 44,849  |             |              | 44,307          |   |   | 3.90    | %      |
| Quest Software US Holdings Inc.                    |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                           |  | Second lien (2)(10) |  | 9.01% (L + 8.25%/Q)              |  | 5/17/2018  |  | 5/18/2026              |  | 43,697                                 |         |            | 43,342  |             |              | 42,662          |   |   | 3.75    | %      |
| Tenawa Resource Holdings LLC (14)                  |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Tenawa Resource Management LLC                     |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Specialty Chemicals & Materials                |  | First lien (3)(10)  |  | 10.50% (Base + 8.00%/Q)          |  | 5/12/2014  |  | 10/30/2024             |  | 38,800                                 |         |            | 38,754  |             |              | 38,800          |   |   | 3.41    | %      |
| Trader Interactive, LLC                            |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                  |  | First lien (2)(10)  |  | 7.57% (L + 6.50%/S)              |  | 6/15/2017  |  | 6/17/2024              |  | 31,769                                 |         |            | 31,628  |             |              | 31,327          |   |   |              |
|                                                    |  | First lien (8)(10)  |  | 7.57% (L + 6.50%/S)              |  | 6/15/2017  |  | 6/17/2024              |  | 4,924                                  |         |            | 4,902   |             |              | 4,856           |   |   |              |
|                                                    |  |                     |  |                                      |  |                    |  |                                |  | 36,693                                 |         |            | 36,530  |             |              | 36,183          |   |   | 3.18    | %      |
| Peraton Holding Corp. (fka MHVC Acquisition Corp.) |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Federal Services                                   |  | First lien (2)      |  | 6.25% (L + 5.25%/Q)              |  | 4/25/2017  |  | 4/29/2024              |  | 36,717                                 |         |            | 36,605  |             |              | 35,432          |   |   | 3.12    | %      |
| Affinity Dental Management, Inc.                   |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                |  | First lien (2)(10)  |  | 9.30% (L + 8.00%/S)              |  | 9/15/2017  |  | 9/15/2023              |  | 26,960                                 |         |            | 26,910  |             |              | 23,882          |   |   |              |
|                                                    |  | First lien (4)(10)  |  | 9.30% (L + 8.00%/S)              |  | 9/17/2019  |  | 9/15/2023              |  | 10,890                                 |         |            | 10,890  |             |              | 9,646           |   |   |              |
|                                                    |  | First lien (3)(10)  |  | 9.00% (P + 7.00%/Q)              |  | 9/15/2017  |  | 3/15/2023              |  | 1,738                                  |         |            | 1,720   |             |              | 1,539           |   |   |              |
|                                                    |  |                     |  |                                      |  |                    |  |                                |  | 39,588                                 |         |            | 39,520  |             |              | 35,067          |   |   | 3.08    | %      |
| CoolSys, Inc.                                      |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Industrial Services                                |  | First lien (5)(10)  |  | 7.00% (L + 6.00%/Q)              |  | 11/20/2019 |  | 11/20/2026             |  | 22,388                                 |         |            | 22,282  |             |              | 22,276          |   |   |              |
|                                                    |  | First lien (2)(10)  |  | 7.00% (L + 6.00%/Q)              |  | 11/20/2019 |  | 11/20/2026             |  | 10,348                                 |         |            | 10,299  |             |              | 10,296          |   |   |              |
|                                                    |  | First lien (3)(10)  |  | 7.00% (L + 6.00%/Q)              |  | 11/20/2019 |  | 11/20/2026             |  | 2,234                                  |         |            | 2,223   |             |              | 2,223           |   |   |              |
|                                                    |  |                     |  |                                      |  |                    |  |                                |  | 34,970                                 |         |            | 34,804  |             |              | 34,795          |   |   | 3.06    | %      |

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Table of Contents

|                                              |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|--------------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (12)                   |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| Definitive Healthcare Holdings, LLC          |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Information Technology            |  | First lien (8)(10)             |  | 7.50% (L + 5.50% + 1.00% PIK/Q)* |  | 8/7/2019   |  | 7/16/2026              |  | $                                           | 33,558  |       |              | $                | 33,409  |                 |        | $ | 32,977  |   |  |  |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 6.50% (L + 5.50%/M)              |  | 8/7/2019   |  | 7/16/2024              |  | 1,848                                  |         |            | 1,839   |             |              | 1,816           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 35,406                                 |         |            | 35,248  |             |              | 34,793          |   |   | 3.06    | %      |
| KAMC Holdings, Inc                           |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | Second lien (2)(10)            |  | 8.42% (L + 8.00%/Q)              |  | 8/14/2019  |  | 8/13/2027              |  | 18,750                                 |         |            | 18,620  |             |              | 16,971          |   |   |              |
|                                              |  | Second lien (8)(10)            |  | 8.42% (L + 8.00%/Q)              |  | 8/14/2019  |  | 8/13/2027              |  | 18,750                                 |         |            | 18,620  |             |              | 16,971          |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 37,500                                 |         |            | 37,240  |             |              | 33,942          |   |   | 2.99    | %      |
| Finalsite Holdings, Inc.                     |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (4)(10)             |  | 6.50% (L + 5.50%/Q)              |  | 9/28/2018  |  | 9/25/2024              |  | 22,106                                 |         |            | 21,982  |             |              | 21,775          |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.50% (L + 5.50%/Q)              |  | 9/28/2018  |  | 9/25/2024              |  | 10,919                                 |         |            | 10,857  |             |              | 10,755          |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 33,025                                 |         |            | 32,839  |             |              | 32,530          |   |   | 2.86    | %      |
| TDG Group Holding Company                    |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Consumer Services                            |  | First lien (2)(10)             |  | 6.32% (L + 5.25%/S)              |  | 5/22/2018  |  | 5/31/2024              |  | 24,734                                 |         |            | 24,647  |             |              | 24,061          |   |   |              |
|                                              |  | First lien (8)(10)             |  | 6.32% (L + 5.25%/S)              |  | 5/22/2018  |  | 5/31/2024              |  | 4,925                                  |         |            | 4,907   |             |              | 4,790           |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.32% (L + 5.25%/S)              |  | 5/22/2018  |  | 5/31/2024              |  | 3,304                                  |         |            | 3,292   |             |              | 3,214           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 32,963                                 |         |            | 32,846  |             |              | 32,065          |   |   | 2.82    | %      |
| GC Waves Holdings, Inc.**                    |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | First lien (5)(10)             |  | 6.75% (L + 5.75%/Q)              |  | 10/31/2019 |  | 10/31/2025             |  | 22,444                                 |         |            | 22,290  |             |              | 22,275          |   |   |              |
|                                              |  | First lien (2)(10)             |  | 6.75% (L + 5.75%/Q)              |  | 10/31/2019 |  | 10/31/2025             |  | 3,664                                  |         |            | 3,639   |             |              | 3,636           |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 6.75% (L + 5.75%/Q)              |  | 10/31/2019 |  | 10/31/2025             |  | 5,438                                  |         |            | 5,384   |             |              | 5,397           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 31,546                                 |         |            | 31,313  |             |              | 31,308          |   |   | 2.75    | %      |
| Integral Ad Science, Inc.                    |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (8)(10)             |  | 8.25% (L + 6.00% + 1.25% PIK/S)* |  | 7/19/2018  |  | 7/19/2024              |  | 27,013                                 |         |            | 26,807  |             |              | 27,013          |   |   |              |
|                                              |  | First lien (3)(10)             |  | 8.25% (L + 6.00% + 1.25% PIK/S)* |  | 8/27/2019  |  | 7/19/2024              |  | 3,529                                  |         |            | 3,499   |             |              | 3,529           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 30,542                                 |         |            | 30,306  |             |              | 30,542          |   |   | 2.69    | %      |
| Kaseya Inc.                                  |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (8)(10)             |  | 8.09% (L + 4.00% + 3.00% PIK/S)* |  | 5/9/2019   |  | 5/2/2025               |  | 27,800                                 |         |            | 27,568  |             |              | 27,644          |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 7.50% (L + 6.50%/S)              |  | 5/9/2019   |  | 5/2/2025               |  | 2,288                                  |         |            | 2,266   |             |              | 2,276           |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 8.09% (L + 4.00% + 3.00% PIK/S)* |  | 5/9/2019   |  | 5/2/2025               |  | 434                                    |         |            | 431     |             |              | 432             |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 30,522                                 |         |            | 30,265  |             |              | 30,352          |   |   | 2.67    | %      |
| Ansira Holdings, Inc.                        |  |                                |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | First lien (8)(10)             |  | 7.50% (L + 6.50% PIK/Q)*         |  | 12/19/2016 |  | 12/20/2024             |  | 28,405                                 |         |            | 28,340  |             |              | 23,395          |   |   |              |
|                                              |  | First lien (3)(10)             |  | 7.50% (L + 6.50% PIK/Q)*         |  | 12/19/2016 |  | 12/20/2024             |  | 7,174                                  |         |            | 7,160   |             |              | 5,908           |   |   |              |
|                                              |  |                                |  |                                      |  |                    |  |                                |  | 35,579                                 |         |            | 35,500  |             |              | 29,303          |   |   | 2.58    | %      |

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Table of Contents

|                                                            |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|---------------------|--|--------------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)               |  | Type of Investment  |  | Interest Rate (12)                   |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| Keystone Acquisition Corp.                                 |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                        |  | First lien (2)(10)  |  | 6.25% (L + 5.25%/Q)              |  | 5/10/2017  |  | 5/1/2024               |  | $                                           | 24,357  |       |              | $                | 24,256  |                 |        | $ | 23,348  |   |  |  |
|                                                            |  | Second lien (2)(10) |  | 10.25% (L + 9.25%/Q)             |  | 5/10/2017  |  | 5/1/2025               |  | 4,500                                  |         |            | 4,468   |             |              | 4,399           |   |   |              |
|                                                            |  |                     |  |                                      |  |                    |  |                                |  | 28,857                                 |         |            | 28,724  |             |              | 27,747          |   |   | 2.44    | %      |
| MRI Software LLC                                           |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                   |  | First lien (5)(10)  |  | 6.57% (L + 5.50%/S)              |  | 1/31/2020  |  | 2/10/2026              |  | 22,448                                 |         |            | 22,342  |             |              | 22,336          |   |   |              |
|                                                            |  | First lien (3)(10)  |  | 6.57% (L + 5.50%/S)              |  | 1/31/2020  |  | 2/10/2026              |  | 3,436                                  |         |            | 3,419   |             |              | 3,419           |   |   |              |
|                                                            |  | First lien (2)(10)  |  | 6.57% (L + 5.50%/S)              |  | 1/31/2020  |  | 2/10/2026              |  | 1,623                                  |         |            | 1,616   |             |              | 1,615           |   |   |              |
|                                                            |  |                     |  |                                      |  |                    |  |                                |  | 27,507                                 |         |            | 27,377  |             |              | 27,370          |   |   | 2.41    | %      |
| HS Purchaser, LLC  / Help/Systems Holdings, Inc.   |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                   |  | Second lien (5)(10) |  | 9.00% (L + 8.00%/Q)              |  | 11/14/2019 |  | 11/19/2027             |  | 22,500                                 |         |            | 22,385  |             |              | 22,388          |   |   |              |
|                                                            |  | Second lien (2)(10) |  | 9.00% (L + 8.00%/Q)              |  | 11/14/2019 |  | 11/19/2027             |  | 4,208                                  |         |            | 4,168   |             |              | 4,187           |   |   |              |
|                                                            |  |                     |  |                                      |  |                    |  |                                |  | 26,708                                 |         |            | 26,553  |             |              | 26,575          |   |   | 2.34    | %      |
| Confluent Health, LLC                                      |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                        |  | First lien (2)(10)  |  | 5.44% (L + 5.00%/M)              |  | 6/21/2019  |  | 6/24/2026              |  | 27,225                                 |         |            | 27,104  |             |              | 25,782          |   |   | 2.27    | %      |
| TMK Hawk Parent, Corp.                                     |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Distribution & Logistics                               |  | First lien (2)      |  | 4.58% (L + 3.50%/S)              |  | 6/24/2019  |  | 8/28/2024              |  | 16,822                                 |         |            | 14,628  |             |              | 12,855          |   |   |              |
|                                                            |  | First lien (8)      |  | 4.58% (L + 3.50%/S)              |  | 10/23/2019 |  | 8/28/2024              |  | 16,225                                 |         |            | 13,571  |             |              | 12,398          |   |   |              |
|                                                            |  |                     |  |                                      |  |                    |  |                                |  | 33,047                                 |         |            | 28,199  |             |              | 25,253          |   |   | 2.22    | %      |
| Instructure, Inc. **                                       |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                   |  | First lien (8)(10)  |  | 8.00% (L + 7.00%/M)              |  | 3/24/2020  |  | 3/24/2026              |  | 24,211                                 |         |            | 24,065  |             |              | 24,061          |   |   | 2.12    | %      |
| Spring Education Group, Inc (fka SSH Group Holdings, Inc.) |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Education                                                  |  | Second lien (2)     |  | 8.56% (L + 8.25%/Q)              |  | 7/26/2018  |  | 7/30/2026              |  | 24,533                                 |         |            | 24,479  |             |              | 23,061          |   |   | 2.03    | %      |
| AAC Holding Corp.                                          |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Education                                                  |  | First lien (2)(10)  |  | 9.25% (L + 5.00% + 3.25% PIK/M)* |  | 9/30/2015  |  | 9/30/2022              |  | 25,982                                 |         |            | 25,907  |             |              | 22,355          |   |   | 1.97    | %      |
| Idera, Inc.                                                |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                   |  | Second lien (4)(10) |  | 10.08% (L + 9.00%/S)             |  | 6/27/2019  |  | 6/28/2027              |  | 22,500                                 |         |            | 22,345  |             |              | 22,331          |   |   | 1.96    | %      |
| Astra Acquisition Corp.                                    |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                                   |  | First lien (5)(10)  |  | 6.50% (L + 5.50%/M)              |  | 2/26/2020  |  | 3/1/2027               |  | 22,444                                 |         |            | 22,281  |             |              | 22,275          |   |   | 1.96    | %      |
| Convey Health Solutions, Inc.                              |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                        |  | First lien (4)(10)  |  | 6.25% (L + 5.25%/Q)              |  | 9/9/2019   |  | 9/4/2026               |  | 22,331                                 |         |            | 22,104  |             |              | 22,081          |   |   | 1.94    | %      |
| Avatar Topco, Inc. (23)                                    |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| EAB Global, Inc.                                           |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Education                                                  |  | Second lien (3)(10) |  | 8.64% (L + 7.50%/Q)              |  | 11/17/2017 |  | 11/17/2025             |  | 13,950                                 |         |            | 13,793  |             |              | 13,575          |   |   |              |
|                                                            |  | Second lien (8)(10) |  | 8.64% (L + 7.50%/Q)              |  | 11/17/2017 |  | 11/17/2025             |  | 7,500                                  |         |            | 7,416   |             |              | 7,298           |   |   |              |
|                                                            |  |                     |  |                                      |  |                    |  |                                |  | 21,450                                 |         |            | 21,209  |             |              | 20,873          |   |   | 1.84    | %      |
| Institutional Shareholder Services, Inc.                   |  |                     |  |                                      |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                          |  | Second lien (3)(10) |  | 9.57% (L + 8.50%/S)              |  | 3/5/2019   |  | 3/5/2027               |  | 20,372                                 |         |            | 20,101  |             |              | 19,924          |   |   | 1.75    | %      |

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Table of Contents

|                                              |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|-------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (12)      |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| MED Parentco, LP                             |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                          |  | Second lien (8)(10)            |  | 8.61% (L + 8.25%/Q) |  | 8/2/2019   |  | 8/30/2027              |  | $                                           | 20,857  |       |              | $                | 20,710  |                 |        | $ | 19,639  |   |  | 1.73  | % |
| CRCI Longhorn Holdings, Inc.                 |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | Second lien (3)                |  | 7.43% (L + 7.25%/M) |  | 8/2/2018   |  | 8/10/2026              |  | 14,349                                 |         |            | 14,304  |             |              | 12,842          |   |   |              |
|                                              |  | Second lien (8)                |  | 7.43% (L + 7.25%/M) |  | 8/2/2018   |  | 8/10/2026              |  | 7,500                                  |         |            | 7,477   |             |              | 6,713           |   |   |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  | 21,849                                 |         |            | 21,781  |             |              | 19,555          |   |   | 1.72    | %      |
| YLG Holdings, Inc.                           |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | First lien (5)(10)             |  | 6.75% (L + 5.75%/S) |  | 11/1/2019  |  | 10/31/2025             |  | 18,321                                 |         |            | 18,237  |             |              | 18,229          |   |   |              |
|                                              |  | First lien (5)(10)(11) - Drawn |  | 6.75% (L + 5.75%/Q) |  | 11/1/2019  |  | 10/31/2025             |  | 1,032                                  |         |            | 1,027   |             |              | 1,027           |   |   |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  | 19,353                                 |         |            | 19,264  |             |              | 19,256          |   |   | 1.69    | %      |
| Xactly Corporation                           |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (4)(10)             |  | 8.25% (L + 7.25%/S) |  | 7/31/2017  |  | 7/29/2022              |  | 19,047                                 |         |            | 18,947  |             |              | 18,948          |   |   | 1.67    | %      |
| DiversiTech Holdings, Inc.                   |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Distribution & Logistics                 |  | Second lien (2)(10)            |  | 8.50% (L + 7.50%/Q) |  | 5/18/2017  |  | 6/2/2025               |  | 12,000                                 |         |            | 11,916  |             |              | 11,344          |   |   |              |
|                                              |  | Second lien (8)(10)            |  | 8.50% (L + 7.50%/Q) |  | 5/18/2017  |  | 6/2/2025               |  | 7,500                                  |         |            | 7,448   |             |              | 7,090           |   |   |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  | 19,500                                 |         |            | 19,364  |             |              | 18,434          |   |   | 1.62    | %      |
| Bullhorn, Inc.                               |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | First lien (2)(10)             |  | 6.57% (L + 5.50%/S) |  | 9/24/2019  |  | 10/1/2025              |  | 17,088                                 |         |            | 16,973  |             |              | 16,960          |   |   |              |
|                                              |  | First lien (3)(10)             |  | 6.57% (L + 5.50%/S) |  | 9/24/2019  |  | 10/1/2025              |  | 282                                    |         |            | 280     |             |              | 280             |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 6.50% (L + 5.50%/Q) |  | 9/24/2019  |  | 10/1/2025              |  | 852                                    |         |            | 845     |             |              | 845             |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 6.57% (L + 5.50%/S) |  | 9/24/2019  |  | 10/1/2025              |  | 212                                    |         |            | 211     |             |              | 211             |   |   |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  | 18,434                                 |         |            | 18,309  |             |              | 18,296          |   |   | 1.61    | %      |
| Bluefin Holding, LLC                         |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                     |  | Second lien (8)(10)            |  | 7.93% (L + 7.75%/M) |  | 9/6/2019   |  | 9/6/2027               |  | 18,000                                 |         |            | 18,000  |             |              | 18,000          |   |   | 1.58    | %      |
| FR Arsenal Holdings II Corp.                 |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | First lien (2)(10)             |  | 8.25% (L + 7.25%/S) |  | 9/29/2016  |  | 9/8/2022               |  | 18,260                                 |         |            | 18,173  |             |              | 17,322          |   |   | 1.52    | %      |
| The Kleinfelder Group, Inc.                  |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                            |  | First lien (4)(10)             |  | 5.75% (L + 4.75%/Q) |  | 12/18/2018 |  | 11/29/2024             |  | 17,238                                 |         |            | 17,170  |             |              | 17,015          |   |   | 1.50    | %      |
| Kele Holdco, Inc.                            |  |                                |  |                         |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Distribution & Logistics                 |  | First lien (5)(10)             |  | 7.00% (L + 6.00%/M) |  | 2/20/2020  |  | 2/20/2026              |  | 16,192                                 |         |            | 16,114  |             |              | 16,111          |   |   |              |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 7.00% (L + 6.00%/M) |  | 2/20/2020  |  | 2/20/2026              |  | 270                                    |         |            | 269     |             |              | 269             |   |   |              |
|                                              |  |                                |  |                         |  |                    |  |                                |  | 16,462                                 |         |            | 16,383  |             |              | 16,380          |   |   | 1.44    | %      |

----

Table of Contents

|                                                    |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------|--|--------------------------------|--|---------------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|--------------|----------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)       |  | Type of Investment             |  | Interest Rate (12)                    |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |              | Percent of NetAssets |
| Symplr Software Intermediate Holdings, Inc. (24)   |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Symplr Software, Inc. (fka Caliper Software, Inc.) |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Information Technology                  |  | First lien (4)(10)             |  | 6.57% (L + 5.50%/S)               |  | 11/30/2018 |  | 11/28/2025             |  | $                                           | 14,775  |       |              | $                | 14,684  |                 |        | $ | 14,775  |   |  |  |
|                                                    |  | First lien (2)(10)             |  | 6.57% (L + 5.50%/S)               |  | 11/30/2018 |  | 11/28/2025             |  | 482                                    |         |            | 479     |             |              | 482             |   |   |              |
|                                                    |  |                                |  |                                       |  |                    |  |                                |  | 15,257                                 |         |            | 15,163  |             |              | 15,257          |   |   | 1.34    | %      |
| Hill International, Inc.**                         |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                  |  | First lien (2)(10)             |  | 6.75% (L + 5.75%/M)               |  | 6/21/2017  |  | 6/21/2023              |  | 15,326                                 |         |            | 15,284  |             |              | 15,190          |   |   | 1.34    | %      |
| Coyote Buyer, LLC                                  |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Specialty Chemicals & Materials                |  | First lien (5)(10)             |  | 7.00% (L + 6.00%/Q)               |  | 3/13/2020  |  | 2/6/2026               |  | 14,150                                 |         |            | 14,081  |             |              | 14,079          |   |   |              |
|                                                    |  | First lien (3)(10)(11) - Drawn |  | 7.29% (L + 6.00%/Q)               |  | 3/13/2020  |  | 2/6/2025               |  | 608                                    |         |            | 605     |             |              | 605             |   |   |              |
|                                                    |  |                                |  |                                       |  |                    |  |                                |  | 14,758                                 |         |            | 14,686  |             |              | 14,684          |   |   | 1.29    | %      |
| Bleriot US Bidco Inc.                              |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Federal Services                                   |  | Second lien (2)(10)            |  | 8.81% (L + 8.50%/Q)               |  | 10/24/2019 |  | 10/29/2027             |  | 15,000                                 |         |            | 14,858  |             |              | 14,593          |   |   | 1.28    | %      |
| Netsmart Inc. / Netsmart Technologies, Inc.    |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Information Technology                  |  | Second lien (2)(10)            |  | 8.50% (L + 7.50%/Q)               |  | 4/18/2016  |  | 10/19/2023             |  | 15,000                                 |         |            | 14,800  |             |              | 14,037          |   |   | 1.23    | %      |
| BackOffice Associates Holdings, LLC                |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                  |  | First lien (2)(10)             |  | 11.50% (L + 7.50% + 3.00% PIK/Q)* |  | 8/25/2017  |  | 8/25/2023              |  | 13,131                                 |         |            | 13,066  |             |              | 12,879          |   |   |              |
|                                                    |  | First lien (3)(10)(11) - Drawn |  | 11.50% (L + 7.50% + 3.00% PIK/Q)* |  | 8/25/2017  |  | 8/25/2023              |  | 907                                    |         |            | 899     |             |              | 890             |   |   |              |
|                                                    |  |                                |  |                                       |  |                    |  |                                |  | 14,038                                 |         |            | 13,965  |             |              | 13,769          |   |   | 1.21    | %      |
| Ministry Brands, LLC                               |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                           |  | First lien (2)(10)             |  | 5.00% (L + 4.00%/Q)               |  | 12/7/2016  |  | 12/2/2022              |  | 2,917                                  |         |            | 2,911   |             |              | 2,852           |   |   |              |
|                                                    |  | First lien (3)(10)(11) - Drawn |  | 6.00% (L + 5.00%/S)               |  | 12/7/2016  |  | 12/2/2022              |  | 575                                    |         |            | 572     |             |              | 562             |   |   |              |
|                                                    |  | Second lien (8)(10)            |  | 10.25% (L + 9.25%/S)              |  | 12/7/2016  |  | 6/2/2023               |  | 7,840                                  |         |            | 7,808   |             |              | 7,840           |   |   |              |
|                                                    |  | Second lien (3)(10)            |  | 10.25% (L + 9.25%/S)              |  | 12/7/2016  |  | 6/2/2023               |  | 2,160                                  |         |            | 2,151   |             |              | 2,160           |   |   |              |
|                                                    |  |                                |  |                                       |  |                    |  |                                |  | 13,492                                 |         |            | 13,442  |             |              | 13,414          |   |   | 1.18    | %      |
| JAMF Holdings, Inc.                                |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Software                                           |  | First lien (8)(10)             |  | 8.00% (L + 7.00%/S)               |  | 11/13/2017 |  | 11/11/2022             |  | 8,757                                  |         |            | 8,711   |             |              | 8,757           |   |   |              |
|                                                    |  | First lien (2)(10)             |  | 8.00% (L + 7.00%/S)               |  | 11/8/2019  |  | 11/11/2022             |  | 4,582                                  |         |            | 4,555   |             |              | 4,582           |   |   |              |
|                                                    |  |                                |  |                                       |  |                    |  |                                |  | 13,339                                 |         |            | 13,266  |             |              | 13,339          |   |   | 1.17    | %      |
| Alegeus Technologies Holding Corp.                 |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Healthcare Services                                |  | First lien (8)(10)             |  | 7.25% (L + 6.25%/S)               |  | 9/5/2018   |  | 9/5/2024               |  | 13,444                                 |         |            | 13,393  |             |              | 13,132          |   |   | 1.16    | %      |
| Geo Parent Corporation                             |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Business Services                                  |  | First lien (2)(10)             |  | 5.43% (L + 5.25%/M)               |  | 12/13/2018 |  | 12/19/2025             |  | 13,000                                 |         |            | 12,946  |             |              | 12,925          |   |   | 1.14    | %      |
| Transcendia Holdings, Inc.                         |  |                                |  |                                       |  |                    |  |                                |  |                                             |              |            |              |                  |              |                      |
| Packaging                                          |  | Second lien (8)(10)            |  | 9.07% (L + 8.00%/S)               |  | 6/28/2017  |  | 5/30/2025              |  | 14,500                                 |         |            | 14,359  |             |              | 12,231          |   |   | 1.08    | %      |

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Table of Contents

|                                              |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |        |   |             |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--|------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|-------------|------------|--------------|------------------|-------------|----------------------|--------|---|-------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment             |  | Interest Rate (12)           |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |             |  Cost |              |  Fair Value |             | Percent of NetAssets |
| PaySimple, Inc.                              |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Software                                     |  | First lien (2)(10)             |  | 5.69% (L + 5.50%/M)      |  | 8/19/2019  |  | 8/23/2025              |  | $                                           | 9,808  |       |              | $                | 9,721  |                 |        | $ | 9,201  |   |  |  |
|                                              |  | First lien (2)(10)(11) - Drawn |  | 5.69% (L + 5.50%/M)      |  | 8/19/2019  |  | 8/23/2025              |  | 3,010                                  |        |            | 2,954   |             |             | 2,824           |   |   |             |
|                                              |  |                                |  |                              |  |                    |  |                                |  | 12,818                                 |        |            | 12,675  |             |             | 12,025          |   |   | 1.06   | %      |
| OEConnection LLC                             |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | Second lien (2)(10)            |  | 9.32% (L + 8.25%/S)      |  | 9/25/2019  |  | 9/25/2027              |  | 12,044                                 |        |            | 11,932  |             |             | 11,555          |   |   | 1.02   | %      |
| Alert Holding Company, Inc. (15)             |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Appriss Holdings, Inc.                       |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | First lien (8)(10)             |  | 5.82% (L + 5.50%/M)      |  | 5/24/2019  |  | 5/29/2026              |  | 10,998                                 |        |            | 10,915  |             |             | 10,998          |   |   |             |
|                                              |  | First lien (3)(10)(11) - Drawn |  | 5.68% (L + 5.50%/M)      |  | 5/24/2019  |  | 5/30/2025              |  | 460                                    |        |            | 455     |             |             | 460             |   |   |             |
|                                              |  |                                |  |                              |  |                    |  |                                |  | 11,458                                 |        |            | 11,370  |             |             | 11,458          |   |   | 1.01   | %      |
| CHA Holdings, Inc.                           |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | Second lien (4)(10)            |  | 9.82% (L + 8.75%/S)      |  | 4/3/2018   |  | 4/10/2026              |  | 7,012                                  |        |            | 6,955   |             |             | 6,915           |   |   |             |
|                                              |  | Second lien (3)(10)            |  | 9.82% (L + 8.75%/S)      |  | 4/3/2018   |  | 4/10/2026              |  | 4,453                                  |        |            | 4,417   |             |             | 4,391           |   |   |             |
|                                              |  |                                |  |                              |  |                    |  |                                |  | 11,465                                 |        |            | 11,372  |             |             | 11,306          |   |   | 0.99   | %      |
| Apptio, Inc.                                 |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Software                                     |  | First lien (8)(10)             |  | 8.25% (L + 7.25%/S)      |  | 1/10/2019  |  | 1/10/2025              |  | 11,203                                 |        |            | 11,021  |             |             | 11,203          |   |   | 0.99   | %      |
| Castle Management Borrower LLC               |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | First lien (2)(10)             |  | 7.25% (L + 6.25% PIK/Q)* |  | 5/31/2018  |  | 2/15/2024              |  | 13,479                                 |        |            | 13,434  |             |             | 11,035          |   |   | 0.97   | %      |
| CFS Management, LLC                          |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Healthcare Services                          |  | First lien (2)(10)             |  | 7.34% (L + 5.75%/S)      |  | 8/6/2019   |  | 7/1/2024               |  | 11,674                                 |        |            | 11,625  |             |             | 10,939          |   |   | 0.96   | %      |
| NorthStar Financial Services Group, LLC      |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Software                                     |  | Second lien (5)(10)            |  | 8.25% (L + 7.50%/Q)      |  | 5/23/2018  |  | 5/25/2026              |  | 10,607                                 |        |            | 10,586  |             |             | 10,607          |   |   | 0.93   | %      |
| Vectra Co.                                   |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Products                            |  | Second lien (8)(10)            |  | 7.43% (L + 7.25%/M)      |  | 2/23/2018  |  | 3/8/2026               |  | 10,788                                 |        |            | 10,757  |             |             | 10,377          |   |   | 0.91   | %      |
| PPVA Black Elk (Equity) LLC                  |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | Subordinated (3)(10)           |  | —                      |  | 5/3/2013   |  | —                        |  | 14,500                                 |        |            | 14,500  |             |             | 10,354          |   |   | 0.91   | %      |
| Masergy Holdings, Inc.                       |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | Second lien (2)(10)            |  | 8.56% (L + 7.50%/S)      |  | 12/14/2016 |  | 12/16/2024             |  | 10,500                                 |        |            | 10,462  |             |             | 10,094          |   |   | 0.89   | %      |
| Quartz Holding Company                       |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Software                                     |  | Second lien (3)(10)            |  | 8.18% (L + 8.00%/M)      |  | 4/2/2019   |  | 4/2/2027               |  | 10,000                                 |        |            | 9,822   |             |             | 9,903           |   |   | 0.87   | %      |
| Teneo Holdings, LLC                          |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | First lien (2)(10)             |  | 6.25% (L + 5.25%/M)      |  | 7/15/2019  |  | 7/11/2025              |  | 9,925                                  |        |            | 9,753   |             |             | 9,672           |   |   | 0.85   | %      |
| AgKnowledge Holdings Company, Inc.           |  |                                |  |                              |  |                    |  |                                |  |                                             |             |            |              |                  |             |                      |
| Business Services                            |  | First lien (4)(10)             |  | 5.82% (L + 4.75%/S)      |  | 11/30/2018 |  | 7/21/2023              |  | 9,308                                  |        |            | 9,276   |             |             | 9,303           |   |   | 0.82   | %      |

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Table of Contents

|                                                                                         |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |        |   |             |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------|--|--------------------------------|--|--------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|-------------|------------------|-------------|----------------------|--------|---|-------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)                                            |  | Type of Investment             |  | Interest Rate (12)             |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |             |  Fair Value |             | Percent of NetAssets |
| VT Topco, Inc.                                                                          |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Business Services                                                                       |  | Second lien (4)(10)            |  | 7.18% (L + 7.00%/M)        |  | 8/14/2018  |  | 7/31/2026              |  | $                                           | 10,000  |       |             | $                | 9,979  |                 |        | $ | 9,182  |   |  | 0.81  | % |
| Affordable Care Holding Corp.                                                           |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Healthcare Services                                                                     |  | First lien (2)(10)             |  | 5.75% (L + 4.75%/Q)        |  | 3/18/2019  |  | 10/24/2022             |  | 9,845                                  |         |            | 9,713  |             |             | 9,161           |   |   | 0.81   | %      |
| Stats Intermediate Holdings, LLC**                                                      |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Business Services                                                                       |  | First lien (2)                 |  | 5.44% (L + 5.25%/M)        |  | 5/22/2019  |  | 7/10/2026              |  | 9,950                                  |         |            | 9,839  |             |             | 9,096           |   |   | 0.80   | %      |
| Amerijet Holdings, Inc.                                                                 |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Distribution & Logistics                                                            |  | First lien (4)(10)             |  | 9.00% (L + 8.00%/M)        |  | 7/15/2016  |  | 7/15/2021              |  | 7,352                                  |         |            | 7,339  |             |             | 7,352           |   |   |             |
|                                                                                         |  | First lien (4)(10)             |  | 9.00% (L + 8.00%/M)        |  | 7/15/2016  |  | 7/15/2021              |  | 1,225                                  |         |            | 1,223  |             |             | 1,225           |   |   |             |
|                                                                                         |  |                                |  |                                |  |                    |  |                                |  | 8,577                                  |         |            | 8,562  |             |             | 8,577           |   |   | 0.75   | %      |
| Zywave, Inc.                                                                            |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Software                                                                                |  | Second lien (4)(10)            |  | 10.10% (L + 9.00%/Q)       |  | 11/22/2016 |  | 11/17/2023             |  | 6,980                                  |         |            | 6,950  |             |             | 6,914           |   |   |             |
|                                                                                         |  | Second lien (4)(10)            |  | 10.10% (L + 9.00%/Q)       |  | 12/3/2019  |  | 11/17/2023             |  | 600                                    |         |            | 596    |             |             | 594             |   |   |             |
|                                                                                         |  | First lien (2)(10)(11) - Drawn |  | 6.00% (L + 5.00%/M)        |  | 11/22/2016 |  | 11/17/2022             |  | 500                                    |         |            | 496    |             |             | 499             |   |   |             |
|                                                                                         |  |                                |  |                                |  |                    |  |                                |  | 8,080                                  |         |            | 8,042  |             |             | 8,007           |   |   | 0.70   | %      |
| AG Parent Holdings, LLC                                                                 |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Healthcare Services                                                                     |  | First lien (2)                 |  | 5.18% (L + 5.00%/M)        |  | 7/30/2019  |  | 7/31/2026              |  | 6,958                                  |         |            | 6,926  |             |             | 6,871           |   |   | 0.60   | %      |
| Recorded Future, Inc.                                                                   |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Software                                                                                |  | First lien (8)(10)             |  | 7.25% (L + 6.25%/S)        |  | 8/26/2019  |  | 7/3/2025               |  | 6,250                                  |         |            | 6,222  |             |             | 6,219           |   |   |             |
|                                                                                         |  | First lien (3)(10)(11) - Drawn |  | 7.25% (L + 6.25%/S)        |  | 8/26/2019  |  | 7/3/2025               |  | 500                                    |         |            | 498    |             |             | 498             |   |   |             |
|                                                                                         |  |                                |  |                                |  |                    |  |                                |  | 6,750                                  |         |            | 6,720  |             |             | 6,717           |   |   | 0.59   | %      |
| DealerSocket, Inc.                                                                      |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Software                                                                                |  | First lien (2)(10)             |  | 6.34% (L + 4.75%/S)        |  | 4/16/2018  |  | 4/26/2023              |  | 6,577                                  |         |            | 6,547  |             |             | 6,387           |   |   | 0.56   | %      |
| CP VI Bella Midco, LLC                                                                  |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Healthcare Services                                                                     |  | Second lien (3)(10)            |  | 6.93% (L + 6.75%/M)        |  | 1/25/2018  |  | 12/29/2025             |  | 6,732                                  |         |            | 6,707  |             |             | 6,323           |   |   | 0.56   | %      |
| DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC) |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Business Services                                                                       |  | Second lien (3)(10)            |  | 7.50% (L + 6.75%/M)        |  | 1/29/2018  |  | 2/2/2026               |  | 6,732                                  |         |            | 6,707  |             |             | 6,246           |   |   | 0.55   | %      |
| Restaurant Technologies, Inc.                                                           |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Business Services                                                                       |  | Second lien (4)(10)            |  | 6.68% (L + 6.50%/M)        |  | 9/24/2018  |  | 10/1/2026              |  | 6,722                                  |         |            | 6,708  |             |             | 6,030           |   |   | 0.53   | %      |
| ADG, LLC                                                                                |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Healthcare Services                                                                     |  | Second lien (3)(10)            |  | 11.00% (L + 10.00% PIK/S)* |  | 10/3/2016  |  | 3/28/2024              |  | 5,586                                  |         |            | 5,541  |             |             | 2,814           |   |   | 0.25   | %      |
| Sphera Solutions, Inc.                                                                  |  |                                |  |                                |  |                    |  |                                |  |                                             |              |            |             |                  |             |                      |
| Software                                                                                |  | First lien (2)(10)             |  | 8.00% (L + 7.00%/Q)        |  | 9/10/2019  |  | 6/14/2022              |  | 2,476                                  |         |            | 2,458  |             |             | 2,452           |   |   | 0.22   | %      |

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Table of Contents

|                                                  |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |               |              |                 |            |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|-----------------------------------|--|------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|-----------------|--------------|---------------|------------------|-----------------|----------------------|---------------|--------------|-----------------|------------|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)     |  | Type of Investment                |  | Interest Rate (12)           |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |                 |  Cost   |               |  Fair Value |                 | Percent of NetAssets |
| Education Management Corporation (13)            |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Education Management II LLC                      |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Education                                        |  | First lien (2)                    |  | 9.75% (L + 6.50%/Q)(26)  |  | 1/5/2015   |  | 7/2/2020               |  | $                                           | 208        |         |               | $                | 202        |                 |               | $            | 2          |       |            |              |
|                                                  |  | First lien (3)                    |  | 9.75% (L + 6.50%/Q)(26)  |  | 1/5/2015   |  | 7/2/2020               |  | 117                                    |            |              | 114      |             |                 | 1               |          |              |                 |
|                                                  |  | First lien (2)                    |  | 13.00% (L + 7.50%/M)(26) |  | 1/5/2015   |  | 7/2/2020               |  | 300                                    |            |              | 292      |             |                 | —         |          |              |                 |
|                                                  |  | First lien (3)                    |  | 13.00% (L + 7.50%/M)(26) |  | 1/5/2015   |  | 7/2/2020               |  | 169                                    |            |              | 165      |             |                 | —         |          |              |                 |
|                                                  |  | First lien (2)                    |  | 11.75% (P + 8.50%/M)(26) |  | 1/5/2015   |  | 7/2/2020               |  | 142                                    |            |              | 117      |             |                 | —         |          |              |                 |
|                                                  |  | First lien (3)                    |  | 11.75% (P + 8.50%/M)(26) |  | 1/5/2015   |  | 7/2/2020               |  | 80                                     |            |              | 66       |             |                 | —         |          |              |                 |
|                                                  |  | First lien (2)                    |  | 11.75% (P + 8.50%/M)(26) |  | 1/5/2015   |  | 7/2/2020               |  | 4                                      |            |              | 3        |             |                 | —         |          |              |                 |
|                                                  |  | First lien (3)                    |  | 11.75% (P + 8.50%/M)(26) |  | 1/5/2015   |  | 7/2/2020               |  | 2                                      |            |              | 2        |             |                 | —         |          |              |                 |
|                                                  |  |                                   |  |                              |  |                    |  |                                |  | 1,022                                  |            |              | 961           |                  | 3               |                      | —  | %            |
| PPVA Fund, L.P.                                  |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Business Services                                |  | Collateralized Financing (26)(27) |  | —                      |  | 11/7/2014  |  | —                        |  | —                                |            |              | —  |             |                 | —         |          |              | —    | %          |
| Total Funded Debt Investments - United States    |  |                                   |  |                              |  |                    |  |                                |  | $                                           | 2,093,898  |         |               | $                | 2,077,002  |                 |               | $            | 2,007,268  |       |            | 176.55  | % |
| Total Funded Debt Investments                    |  |                                   |  |                              |  |                    |  |                                |  | $                                           | 2,242,737  |         |               | $                | 2,224,929  |                 |               | $            | 2,150,432  |       |            | 189.14  | % |
| Equity - Hong Kong                               |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Bach Special Limited (Bach Preference Limited)** |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Education                                        |  | Preferred shares (3)(10)(22)      |  | —                      |  | 9/1/2017   |  | —                        |  | 79,938                                 |            |              | $             | 7,914       |            |                      | $             | 8,234   |            |            | 0.72  | %            |
| Total Shares - Hong Kong                         |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 | $            | 7,914    |             |                 | $                    | 8,234    |         |                 | 0.72  | %          |
| Equity - United States                           |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Avatar Topco, Inc.(23)                           |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Education                                        |  | Preferred shares (3)(10)          |  | —                      |  | 11/17/2017 |  | —                        |  | 35,750                                 |            |              | $             | 49,135      |            |                      | $             | 50,207  |            |            | 4.42  | %            |
| Symplr Software Intermediate Holdings, Inc. (24) |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Healthcare Information Technology                |  | Preferred shares (4)(10)          |  | —                      |  | 11/30/2018 |  | —                        |  | 7,500                                  |            |              | 9,035    |             |                 | 8,891           |          |              |                 |
|                                                  |  | Preferred shares (3)(10)          |  | —                      |  | 11/30/2018 |  | —                        |  | 2,586                                  |            |              | 3,115    |             |                 | 3,065           |          |              |                 |
|                                                  |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 | 12,150  |          |                  | 11,956     |                 |               | 1.05    | %               |
| Tenawa Resource Holdings LLC (14)                |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| QID NGL LLC                                      |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Specialty Chemicals & Materials              |  | Preferred shares (6)(10)          |  | —                      |  | 10/30/2017 |  | —                        |  | 1,623,385                              |            |              | 1,623    |             |                 | 2,017           |          |              |                 |
|                                                  |  | Ordinary shares (6)(10)           |  | —                      |  | 5/12/2014  |  | —                        |  | 5,290,997                              |            |              | 5,291    |             |                 | 6,244           |          |              |                 |
|                                                  |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 | 6,914   |          |                  | 8,261      |                 |               | 0.73    | %               |
| Alert Holding Company, Inc. (15)                 |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Alert Intermediate Holdings I, Inc.              |  |                                   |  |                              |  |                    |  |                                |  |                                             |                 |              |               |                  |                 |                      |
| Business Services                                |  | Preferred shares (3)(10)          |  | —                      |  | 5/31/2019  |  | —                        |  | 6,111                                  |            |              | 6,839    |             |                 | 6,928           |          |              | 0.61       | %          |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |                 |               |               |              |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|-----------|------------|-----------------|------------------|---------------|----------------------|-----------------|---------------|---------------|--------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (12) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |           |  Cost |                 |  Fair Value |               | Percent of NetAssets |
| Ancora Acquisition LLC                       |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Education                                    |  | Preferred shares (9)(10)         |  | —            |  | 8/12/2013  |  | —                        |  | 372                                    |      |            | $               | 83          |          |                      | $               | 158      |          |              | 0.01  | %             |
| Education Management Corporation (13)        |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| 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   |            |                  | —  |                 |                 | —  | %             |
| Total Shares - United States                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |           | $          | 75,590     |             |               | $                    | 77,510     |          |               | 6.82    | %          |
| Total Shares                                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |           | $          | 83,504     |             |               | $                    | 85,744     |          |               | 7.54    | %          |
| Warrants - United States                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |           | .          |                 |                  |               |                      |
| ASP LCG Holdings, Inc.                       |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Education                                    |  | Warrants (3)(10)                 |  | —            |  | 5/5/2014   |  | 5/5/2026               |  | 622                                    |      |            | $               | 37          |          |                      | $               | 762      |          |              | 0.07  | %             |
| Ancora Acquisition LLC                       |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Education                                    |  | Warrants (9)(10)                 |  | —            |  | 8/12/2013  |  | 8/12/2020              |  | 20                                     |      |            | —    |             |               | —         |            |               | —  | %            |
| Total Warrants - United States               |  |                                  |  |                    |  |                    |  |                                |  |                                             |           | $          | 37         |             |               | $                    | 762        |          |               | 0.07    | %          |
| Total Funded Investments                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |           | $          | 2,308,470  |             |               | $                    | 2,236,938  |          |               | 196.75  | %          |
| Unfunded Debt Investments - Canada           |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Wolfpack IP Co.**                            |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 6/14/2019  |  | 6/13/2025              |  | $                                           | 909  |       |                 | $                | (9)           |                 |                 | $             | (7)           |         |            | (0.00)        | % |
| Total Unfunded Debt Investments - Canada     |  |                                  |  |                    |  |                    |  |                                |  | $                                           | 909  |       |                 | $                | (9)           |                 |                 | $             | (7)           |         |            | (0.00)        | % |
| Unfunded Debt Investments - United States    |  |                                  |  |                    |  |                    |  |                                |  |                                             |           | `      |                 |                  |               |                      |
| Alert Holding Company, Inc. (15)             |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Appriss Holdings, Inc.                       |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Business Services                            |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 5/24/2019  |  | 5/30/2025              |  | $                                           | 470  |       |                 | $                | (5)           |                 |                 | $             | —  |         |            | —  | % |
| Wrike, Inc.                                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 12/31/2018 |  | 12/31/2024             |  | 933                                    |      |            | (9)             |             |               | —         |            |               | —  | %            |
| JAMF Holdings, Inc.                          |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 11/13/2017 |  | 11/11/2022             |  | 1,086                                  |      |            | (10)            |             |               | —         |            |               | —  | %            |
| Integral Ad Science, Inc.                    |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 7/19/2018  |  | 7/19/2023              |  | 1,807                                  |      |            | (18)            |             |               | —         |            |               | —  | %            |
| Integro Parent Inc.                          |  |                                  |  |                    |  |                    |  |                                |  |                                             |           |            |                 |                  |               |                      |
| Business Services                            |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 6/8/2018   |  | 4/30/2022              |  | 6,743                                  |      |            | (34)            |             |               | —         |            |               | —  | %            |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |        |   |               |        |  |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|-------------|------------|---------------|------------------|------|----------------------|--------|---|---------------|--------|--|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (12) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |             |  Cost |               |  Fair Value |      | Percent of NetAssets |
| Apptio, Inc.                                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 1/10/2019  |  | 1/10/2025              |  | $                                           | 2,066  |       |               | $                | (41) |                 |        | $ | —  |   |  | —  | % |
| AgKnowledge Holdings Company, Inc.           |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Business Services                            |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 11/30/2018 |  | 7/21/2023              |  | 526                                    |        |            | (3)           |             |      | —         |   |   | —  | %      |
| Coyote Buyer, LLC                            |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Specialty Chemicals & Materials          |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 3/13/2020  |  | 2/6/2025               |  | 405                                    |        |            | (2)           |             |      | (2)                  |   |   | (0.00)        | %      |
| Zywave, Inc.                                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (2)(10)(11) - Undrawn |  | —            |  | 11/22/2016 |  | 11/17/2022             |  | 1,500                                  |        |            | (11)          |             |      | (3)                  |   |   | (0.00)        | %      |
| DCA Investment Holding, LLC                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Healthcare Services                          |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 7/2/2015   |  | 7/2/2021               |  | 44                                     |        |            | —  |             |      | (3)                  |   |   | (0.00)        | %      |
| Recorded Future, Inc.                        |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 8/26/2019  |  | 1/3/2021               |  | 500                                    |        |            | (3)           |             |      | (3)                  |   |   |               |
|                                              |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 8/26/2019  |  | 7/3/2025               |  | 250                                    |        |            | (1)           |             |      | (1)                  |   |   |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  | 750                                    |        |            | (4)           |             |      | (4)                  |   |   | (0.00)        | %      |
| Xactly Corporation                           |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 7/31/2017  |  | 7/29/2022              |  | 992                                    |        |            | (10)          |             |      | (5)                  |   |   | (0.00)        | %      |
| Bullhorn, Inc.                               |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 9/24/2019  |  | 10/1/2021              |  | 923                                    |        |            | (7)           |             |      | (7)                  |   |   | (0.00)        | %      |
| Kele Holdco, Inc.                            |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Distribution & Logistics                 |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 2/20/2020  |  | 2/20/2026              |  | 1,529                                  |        |            | (8)           |             |      | (8)                  |   |   | (0.00)        | %      |
| Ministry Brands, LLC                         |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 12/7/2016  |  | 12/2/2022              |  | 425                                    |        |            | (2)           |             |      | (9)                  |   |   | (0.00)        | %      |
| PaySimple, Inc.                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (2)(10)(11) - Undrawn |  | —            |  | 8/19/2019  |  | 8/24/2020              |  | 201                                    |        |            | —  |             |      | (12)                 |   |   | (0.00)        | %      |
| Instructure, Inc. **                         |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 3/24/2020  |  | 3/24/2026              |  | 2,036                                  |        |            | (13)          |             |      | (13)                 |   |   | (0.00)        | %      |
| DealerSocket, Inc.                           |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |            |               |                  |      |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 4/16/2018  |  | 4/26/2023              |  | 560                                    |        |            | (4)           |             |      | (16)                 |   |   | (0.00)        | %      |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |        |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|----------|------------|---------------|------------------|---------------|----------------------|--------|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (12) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |          |  Cost |               |  Fair Value |               | Percent of NetAssets |
| Kaseya Inc.                                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 5/9/2019   |  | 5/2/2025               |  | $                                           | 23  |       |               | $                | —  |                 |        | $ | —  |   |  |  |
|                                              |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 5/9/2019   |  | 5/3/2021               |  | 2,873                                  |     |            | —  |             |               | (16)                 |   |   |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  | 2,896                                  |     |            | —  |             |               | (16)                 |   |   | (0.00)        | %      |
| CoolSys, Inc.                                |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Industrial Services                          |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 11/20/2019 |  | 11/19/2021             |  | 3,360                                  |     |            | —  |             |               | (17)                 |   |   | (0.00)        | %      |
| MRI Software LLC                             |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 1/31/2020  |  | 2/10/2026              |  | 2,002                                  |     |            | (10)          |             |               | (10)                 |   |   |               |
|                                              |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 1/31/2020  |  | 2/10/2022              |  | 2,062                                  |     |            | —  |             |               | (10)                 |   |   |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  | 4,064                                  |     |            | (10)          |             |               | (20)                 |   |   | (0.00)        | %      |
| Trader Interactive, LLC                      |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Business Services                            |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 6/15/2017  |  | 6/15/2023              |  | 1,673                                  |     |            | (13)          |             |               | (23)                 |   |   | (0.00)        | %      |
| ConnectWise, LLC                             |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 11/26/2019 |  | 2/28/2025              |  | 4,248                                  |     |            | (27)          |             |               | (26)                 |   |   | (0.00)        | %      |
| YLG Holdings, Inc.                           |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Business Services                            |  | First lien (5)(10)(11) - Undrawn |  | —            |  | 11/1/2019  |  | 4/30/2021              |  | 1,349                                  |     |            | —  |             |               | (7)                  |   |   |               |
|                                              |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 11/1/2019  |  | 10/31/2025             |  | 3,968                                  |     |            | (20)          |             |               | (20)                 |   |   |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  | 5,317                                  |     |            | (20)          |             |               | (27)                 |   |   | (0.00)        | %      |
| Bluefin Holding, LLC                         |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(11) - Undrawn     |  | —            |  | 9/6/2019   |  | 9/6/2024               |  | 1,515                                  |     |            | (23)          |             |               | (37)                 |   |   | (0.00)        | %      |
| Finalsite Holdings, Inc.                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 9/25/2018  |  | 9/25/2024              |  | 2,521                                  |     |            | (19)          |             |               | (38)                 |   |   | (0.00)        | %      |
| Diligent Corporation                         |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 12/19/2018 |  | 12/19/2020             |  | 5,977                                  |     |            | (37)          |             |               | (42)                 |   |   | (0.00)        | %      |
| iCIMS, Inc.                                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Software                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 9/12/2018  |  | 9/12/2024              |  | 2,915                                  |     |            | (29)          |             |               | (44)                 |   |   | (0.01)        | %      |
| Associations, Inc.                           |  |                                  |  |                    |  |                    |  |                                |  |                                             |          |            |               |                  |               |                      |
| Business Services                            |  | First lien (2)(10)(11) - Undrawn |  | —            |  | 7/30/2018  |  | 7/30/2021              |  | 2,948                                  |     |            | (18)          |             |               | (53)                 |   |   | (0.01)        | %      |

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Table of Contents

|                                                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |                 |        |         |              |   |        |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|---------------|------------|-----------------|------------------|---------|----------------------|-----------------|--------|---------|--------------|---|--------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)        |  | Type of Investment               |  | Interest Rate (12) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |               |  Cost |                 |  Fair Value |         | Percent of NetAssets |
| GC Waves Holdings, Inc.**                           |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Business Services                                   |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 10/31/2019 |  | 10/31/2025             |  | $                                           | 3,951    |       |                 | $                | (30)    |                 |                 | $      | (30)    |         |   |        |
|                                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 10/31/2019 |  | 11/1/2021              |  | 4,435                                  |          |            | —    |             |         | (33)                 |            |        |         |
|                                                     |  |                                  |  |                    |  |                    |  |                                |  | 8,386                                  |          |            | (30)            |             |         | (63)                 |            |        | (0.01)  | %            |
| GS Acquisitionco, Inc.                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Software                                            |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 8/7/2019   |  | 5/24/2024              |  | 3,604                                  |          |            | (23)            |             |         | (22)                 |            |        |         |
|                                                     |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 8/7/2019   |  | 8/2/2021               |  | 12,681                                 |          |            | —    |             |         | (79)                 |            |        |         |
|                                                     |  |                                  |  |                    |  |                    |  |                                |  | 16,285                                 |          |            | (23)            |             |         | (101)                |            |        | (0.01)  | %            |
| Definitive Healthcare Holdings, LLC                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Healthcare Information Technology                   |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 8/7/2019   |  | 7/16/2021              |  | 7,391                                  |          |            | —    |             |         | (128)                |            |        | (0.01)  | %            |
| TDG Group Holding Company                           |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Consumer Services                                   |  | First lien (2)(10)(11) - Undrawn |  | —            |  | 5/22/2018  |  | 5/31/2024              |  | 5,044                                  |          |            | (25)            |             |         | (137)                |            |        | (0.01)  | %            |
| Salient CRGT Inc.                                   |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Federal Services                                    |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 6/26/2018  |  | 11/29/2021             |  | 6,125                                  |          |            | (490)           |             |         | (175)                |            |        | (0.02)  | %            |
| CFS Management, LLC                                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Healthcare Services                                 |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 8/6/2019   |  | 7/1/2021               |  | 3,468                                  |          |            | (17)            |             |         | (218)                |            |        | (0.02)  | %            |
| PhyNet Dermatology LLC                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |            |                 |                  |         |                      |
| Healthcare Services                                 |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 9/17/2018  |  | 8/16/2020              |  | 17,077                                 |          |            | (85)            |             |         | (751)                |            |        | (0.07)  | %            |
| Total Unfunded Debt Investments - United States     |  |                                  |  |                    |  |                    |  |                                |  | $                                           | 124,206  |       |                 | $                | (1,047) |                 |                 | $      | (1,998) |         |   | (0.17) | % |
| Total Unfunded Debt Investments                     |  |                                  |  |                    |  |                    |  |                                |  | $                                           | 125,115  |       |                 | $                | (1,056) |                 |                 | $      | (2,005) |         |   | (0.17) | % |
| Total Non-Controlled/Non-Affiliated Investments |  |                                  |  |                    |  |                    |  |                                |  |                                             |               | $          | 2,307,414  |             |         | $                    | 2,234,933  |   |         | 196.58  | % |

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Table of Contents

|                                                 |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |              |              |               |            |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|----------------------------------|--|---------------------------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|--------------|--------------|--------------|------------------|---------------|----------------------|--------------|--------------|---------------|------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)    |  | Type of Investment               |  | Interest Rate (12)                    |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost   |              |  Fair Value |               | Percent of NetAssets |
| Non-Controlled/Affiliated Investments (28)  |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Funded Debt Investments - United States         |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Permian Holdco 1, Inc.                          |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Permian Holdco 2, Inc.                          |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Permian Holdco 3, Inc.                          |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Energy                                          |  | First lien (3)(10)               |  | 13.50% (L + 7.50% + 5.00% PIK/M)* |  | 6/14/2018  |  | 6/30/2022              |  | $                                           | 10,766  |         |              | $                | 10,766   |                 |              | $            | 9,066    |       |            |            |
|                                                 |  | First lien (3)(10)(11) - Drawn   |  | 7.50% (L + 6.50%/M)               |  | 6/14/2018  |  | 6/30/2022              |  | 17,700                                 |         |              | 17,700  |             |               | 15,598          |         |              |               |
|                                                 |  | Subordinated (3)(10)             |  | 18.00% PIK/Q (26)*                |  | 12/26/2018 |  | 6/30/2022              |  | 2,417                                  |         |              | 2,417   |             |               | 2,195           |         |              |               |
|                                                 |  | Subordinated (3)(10)             |  | 14.00% PIK/Q (26)*                |  | 10/31/2016 |  | 10/15/2021             |  | 1,708                                  |         |              | 1,708   |             |               | —         |         |              |               |
|                                                 |  | Subordinated (3)(10)             |  | 14.00% PIK/Q (26)*                |  | 10/31/2016 |  | 10/15/2021             |  | 1,025                                  |         |              | 1,025   |             |               | —         |         |              |               |
|                                                 |  |                                  |  |                                       |  |                    |  |                                |  | 33,616                                 |         |              | 33,616  |             |               | 26,859          |         |              | 2.37     | %          |
| Sierra Hamilton Holdings Corporation            |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Energy                                          |  | Second lien (3)(10)              |  | 15.00% PIK/Q*                     |  | 9/12/2019  |  | 9/12/2023              |  | 1,555                                  |         |              | 1,526   |             |               | 1,400           |         |              | 0.12     | %          |
| Total Funded Debt Investments - United States   |  |                                  |  |                                       |  |                    |  |                                |  | $                                           | 35,171  |         |              | $                | 35,142   |                 |              | $            | 28,259   |       |            | 2.49  | % |
| Equity - United States                          |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| NMFC Senior Loan Program I LLC**                |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Investment Fund                                 |  | Membership interest (3)(10)      |  | —                               |  | 6/13/2014  |  | —                        |  | —                                |         |              | $            | 23,000      |          |                      | $            | 23,000  |          |            | 2.02  | %          |
| Sierra Hamilton Holdings Corporation            |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Energy                                          |  | Ordinary shares (2)(10)          |  | —                               |  | 7/31/2017  |  | —                        |  | 25,000,000                             |         |              | 11,501  |             |               | 3,687           |         |              |               |
|                                                 |  | Ordinary shares (3)(10)          |  | —                               |  | 7/31/2017  |  | —                        |  | 2,786,000                              |         |              | 1,282   |             |               | 411             |         |              |               |
|                                                 |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              | 12,783  |         |                  | 4,098    |                 |              | 0.36    | %             |
| Permian Holdco 1, Inc.                          |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Energy                                          |  | Preferred shares (3)(10)(17)(26) |  | —                               |  | 10/31/2016 |  | —                        |  | 1,366,452                              |         |              | 5,714   |             |               | —         |         |              |               |
|                                                 |  | Ordinary shares (3)(10)          |  | —                               |  | 10/31/2016 |  | —                        |  | 1,366,452                              |         |              | 1,350   |             |               | —         |         |              |               |
|                                                 |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              | 7,064   |         |                  | $             | —         |         |              | —  | %          |
| Total Shares - United States                    |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              | $            | 42,847  |             |               | $                    | 27,098  |         |               | 2.38  | %          |
| Total Funded Investments                        |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              | $            | 77,989  |             |               | $                    | 55,357  |         |               | 4.87  | %          |
| Unfunded Debt Investments - United States       |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Permian Holdco 3, Inc.                          |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              |              |              |                  |               |                      |
| Energy                                          |  | First lien (3)(10)(11) - Undrawn |  | —                               |  | 6/14/2018  |  | 6/30/2022              |  | $                                           | 2,300   |         |              | $                | —  |                 |              | $            | (273)         |       |            | (0.02)     | % |
| Total Unfunded Debt Investments - United States |  |                                  |  |                                       |  |                    |  |                                |  | $                                           | 2,300   |         |              | $                | —  |                 |              | $            | (273)         |       |            | (0.02)     | % |
| Total Non-Controlled/Affiliated Investments |  |                                  |  |                                       |  |                    |  |                                |  |                                             |              | $            | 77,989  |             |               | $                    | 55,084  |         |               | 4.85  | %          |

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Table of Contents

|                                                               |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|---------------------------------|--|--------------------------------------|--|-------------------|--|--------------------------------|--|---------------------------------------------|--------------|------------|--------------|------------------|-------------|----------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)                  |  | Type of Investment              |  | Interest Rate (12)                   |  | Acquisition Date  |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |              |  Cost |              |  Fair Value |             | Percent of NetAssets |
| Controlled Investments (29)                                   |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Funded Debt Investments - United Kingdom                      |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Edmentum Ultimate Holdings, LLC (16)                          |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| EducationCity Limited**                                       |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Education                                                     |  | First lien (3)(10)(11) - Drawn  |  | 10.00%/S                         |  | 1/24/2020 |  | 8/31/2020              |  | $                                           | 3,000   |       |              | $                | 3,000  |                 |        | $ | 3,000   |   |  | 0.26  | % |
| Total Funded Debt Investments - United Kingdom                |  |                                 |  |                                      |  |                   |  |                                |  | $                                           | 3,000   |       |              | $                | 3,000  |                 |        | $ | 3,000   |   |  | 0.26  | % |
| Funded Debt Investments - United States                       |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Edmentum Ultimate Holdings, LLC (16)                          |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Edmentum, Inc. (fka Plato, Inc.) (Archipelago Learning, Inc.) |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Education                                                     |  | First lien (2)(10)              |  | 9.50% (L + 4.50% + 4.00% PIK/Q)* |  | 8/6/2018  |  | 6/9/2021               |  | $                                           | 10,226  |       |              | $                | 9,599  |                 |        | $ | 10,226  |   |  |            |
|                                                               |  | First lien (3)(10)(11) - Drawn  |  | 10.00%/S                         |  | 1/24/2020 |  | 8/31/2020              |  | 5,000                                  |         |            | 5,000   |             |             | 5,000           |   |   |              |
|                                                               |  | Second lien (3)(10)             |  | 7.00% PIK/Q*                     |  | 2/23/2018 |  | 12/9/2021              |  | 12,426                                 |         |            | 12,111  |             |             | 12,426          |   |   |              |
|                                                               |  | Second lien (3)(10)(11) - Drawn |  | 5.00% PIK/Q*                     |  | 6/9/2015  |  | 12/9/2021              |  | 8,067                                  |         |            | 8,067   |             |             | 8,067           |   |   |              |
|                                                               |  | Second lien (3)(10)(11) - Drawn |  | 5.00% PIK/Q*                     |  | 4/15/2020 |  | 12/9/2021              |  | 7,637                                  |         |            | 7,637   |             |             | 7,637           |   |   |              |
|                                                               |  | Subordinated (2)(10)            |  | 10.00% PIK/Q*                    |  | 6/9/2015  |  | 12/9/2021              |  | 21,524                                 |         |            | 21,524  |             |             | 18,806          |   |   |              |
|                                                               |  | Subordinated (3)(10)            |  | 8.50% PIK/Q*                     |  | 6/9/2015  |  | 12/9/2021              |  | 5,557                                  |         |            | 5,556   |             |             | 5,381           |   |   |              |
|                                                               |  | Subordinated (3)(10)            |  | 10.00% PIK/Q*                    |  | 6/9/2015  |  | 12/9/2021              |  | 5,295                                  |         |            | 5,295   |             |             | 4,626           |   |   |              |
|                                                               |  |                                 |  |                                      |  |                   |  |                                |  | 75,732                                 |         |            | 74,789  |             |             | 72,169          |   |   | 6.35    | %      |
| New LT Smile Holdings, LLC (25)                               |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Benevis Holding Corp.                                         |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Healthcare Services                                           |  | First lien (2)(10)              |  | 7.32% (L + 6.32%/Q)(26)          |  | 3/15/2018 |  | 3/15/2024              |  | 62,572                                 |         |            | 62,572  |             |             | 49,594          |   |   |              |
|                                                               |  | First lien (8)(10)              |  | 7.32% (L + 6.32%/Q)(26)          |  | 3/15/2018 |  | 3/15/2024              |  | 15,352                                 |         |            | 15,352  |             |             | 12,168          |   |   |              |
|                                                               |  | First lien (3)(10)              |  | 7.35% (L + 6.32%/Q)(26)          |  | 3/29/2019 |  | 3/15/2024              |  | 7,586                                  |         |            | 7,586   |             |             | 6,013           |   |   |              |
|                                                               |  | First lien (3)(10)(11) - Drawn  |  | 7.32% (L + 6.32%/Q)              |  | 6/5/2020  |  | 3/15/2024              |  | 1,383                                  |         |            | 1,383   |             |             | 1,383           |   |   |              |
|                                                               |  |                                 |  |                                      |  |                   |  |                                |  | 86,893                                 |         |            | 86,893  |             |             | 69,158          |   |   | 6.08    | %      |
| UniTek Global Services, Inc.                                  |  |                                 |  |                                      |  |                   |  |                                |  |                                             |              |            |              |                  |             |                      |
| Business Services                                             |  | First lien (2)(10)              |  | 7.50% (L + 5.50% + 1.00% PIK/S)* |  | 6/29/2018 |  | 8/20/2024              |  | 12,448                                 |         |            | 12,448  |             |             | 10,619          |   |   |              |
|                                                               |  | First lien (3)(10)              |  | 7.50% (L + 5.50% + 1.00% PIK/S)* |  | 3/16/2020 |  | 8/20/2024              |  | 10,251                                 |         |            | 9,573   |             |             | 8,744           |   |   |              |
|                                                               |  | First lien (2)(10)              |  | 7.50% (L + 5.50% + 1.00% PIK/S)* |  | 6/29/2018 |  | 8/20/2024              |  | 2,490                                  |         |            | 2,490   |             |             | 2,124           |   |   |              |
|                                                               |  | First lien (3)(10)              |  | 7.50% (L + 5.50% + 1.00% PIK/S)* |  | 6/29/2018 |  | 8/20/2024              |  | 713                                    |         |            | 577     |             |             | 608             |   |   |              |
|                                                               |  |                                 |  |                                      |  |                   |  |                                |  | 25,902                                 |         |            | 25,088  |             |             | 22,095          |   |   | 1.94    | %      |

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Table of Contents

|                                               |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |              |               |               |            |            |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|---------------|--------------|--------------|------------------|---------------|----------------------|--------------|---------------|---------------|------------|------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)  |  | Type of Investment               |  | Interest Rate (12) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |               |  Cost   |              |  Fair Value |               | Percent of NetAssets |
| NHME Holdings Corp. (21)                      |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| National HME, Inc.                            |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Healthcare Services                           |  | Second lien (3)(10)              |  | 12.00% PIK/Q*  |  | 11/27/2018 |  | 5/27/2024              |  | $                                           | 17,550   |         |              | $                | 14,346   |                 |              | $             | 12,723   |       |            |             |
|                                               |  | Second lien (3)(10)              |  | 12.00% PIK/Q*  |  | 11/27/2018 |  | 5/27/2024              |  | 9,698                                  |          |              | 8,915   |             |               | 8,486           |         |               |               |
|                                               |  |                                  |  |                    |  |                    |  |                                |  | 27,248                                 |          |              | 23,261  |             |               | 21,209          |         |               | 1.87     | %          |
| Total Funded Debt Investments - United States |  |                                  |  |                    |  |                    |  |                                |  | $                                           | 215,775  |         |              | $                | 210,031  |                 |              | $             | 184,631  |       |            | 16.24  | % |
| Total Funded Debt Investments                 |  |                                  |  |                    |  |                    |  |                                |  | $                                           | 218,775  |         |              | $                | 213,031  |                 |              | $             | 187,631  |       |            | 16.50  | % |
| Equity - Canada                               |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| NM APP Canada Corp.**                         |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Net Lease                                     |  | Membership interest (7)(10)      |  | —            |  | 9/13/2016  |  | —                        |  | —                                |          |              | $            | 7,345       |          |                      | $            | 10,579   |          |            | 0.93  | %           |
| Total Shares - Canada                         |  |                                  |  |                    |  |                    |  |                                |  |                                             |               | $            | 7,345   |             |               | $                    | 10,579  |          |               | 0.93  | %          |
| Equity - United States                        |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| NMFC Senior Loan Program III LLC**            |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Investment Fund                               |  | Membership interest (3)(10)      |  | —            |  | 5/4/2018   |  | —                        |  | —                                |          |              | $            | 110,000     |          |                      | $            | 110,000  |          |            | 9.69  | %           |
| NMFC Senior Loan Program II LLC**             |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Investment Fund                               |  | Membership interest (3)(10)      |  | —            |  | 5/3/2016   |  | —                        |  | —                                |          |              | 79,400  |             |               | 78,828          |         |               | 6.93     | %          |
| NM NL Holdings, L.P.**                        |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Net Lease                                     |  | Membership interest (7)(10)      |  | —            |  | 6/20/2018  |  | —                        |  | —                                |          |              | 44,070  |             |               | 45,521          |         |               | 4.00     | %          |
| UniTek Global Services, Inc.                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Business Services                             |  | Preferred shares (3)(10)(20)     |  | —            |  | 8/17/2018  |  | —                        |  | 9,475,206                              |          |              | 9,475   |             |               | 7,947           |         |               |               |
|                                               |  | Preferred shares (3)(10)(20)     |  | —            |  | 8/29/2019  |  | —                        |  | 5,631,560                              |          |              | 5,632   |             |               | 5,059           |         |               |               |
|                                               |  | Preferred shares (3)(10)(19)     |  | —            |  | 6/30/2017  |  | —                        |  | 17,278,793                             |          |              | 17,279  |             |               | 12,387          |         |               |               |
|                                               |  | Preferred shares (2)(10)(18)(26) |  | —            |  | 1/13/2015  |  | —                        |  | 29,326,545                             |          |              | 26,946  |             |               | 10,247          |         |               |               |
|                                               |  | Preferred shares (3)(10)(18)(26) |  | —            |  | 1/13/2015  |  | —                        |  | 8,104,462                              |          |              | 7,447   |             |               | 2,832           |         |               |               |
|                                               |  | Ordinary shares (2)(10)          |  | —            |  | 1/13/2015  |  | —                        |  | 2,096,477                              |          |              | 1,925   |             |               | 319             |         |               |               |
|                                               |  | Ordinary shares (3)(10)          |  | —            |  | 1/13/2015  |  | —                        |  | 1,993,749                              |          |              | 532     |             |               | 304             |         |               |               |
|                                               |  |                                  |  |                    |  |                    |  |                                |  |                                             |               | 69,236  |         |                  | 39,095   |                 |              | 3.44     | %             |
| NM GLCR LP                                    |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Net Lease                                     |  | Membership interest (7)(10)      |  | —            |  | 2/1/2018   |  | —                        |  | —                                |          |              | 14,750  |             |               | 22,282          |         |               | 1.96     | %          |
| NM CLFX LP                                    |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Net Lease                                     |  | Membership interest (7)(10)      |  | —            |  | 10/6/2017  |  | —                        |  | —                                |          |              | 12,538  |             |               | 11,717          |         |               | 1.03     | %          |
| NM APP US LLC                                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |               |              |              |                  |               |                      |
| Net Lease                                     |  | Membership interest (7)(10)      |  | —            |  | 9/13/2016  |  | —                        |  | —                                |          |              | 5,080   |             |               | 6,633           |         |               | 0.58     | %          |

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Table of Contents

|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |               |               |               |             |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|--------------------------------|--|---------------------------------------------|-------------|---------------|---------------|------------------|---------------|----------------------|---------------|---------------|---------------|-------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1) |  | Type of Investment               |  | Interest Rate (12) |  | Acquisition Date   |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |             |  Cost    |               |  Fair Value |               | Percent of NetAssets |
| NM DRVT LLC                                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Net Lease                                    |  | Membership interest (7)(10)      |  | —            |  | 11/18/2016 |  | —                        |  | —                                |        |               | $             | 5,152       |          |                      | $             | 5,876    |          |             | 0.53  | %             |
| NM YI, LLC                                   |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Net Lease                                    |  | Membership interest (7)(10)      |  | —            |  | 9/30/2019  |  | —                        |  | —                                |        |               | 6,272    |             |               | 5,713           |          |               | 0.50     | %           |
| NHME Holdings Corp. (21)                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Healthcare Services                          |  | Ordinary shares (3)(10)          |  | —            |  | 11/27/2018 |  | —                        |  | 640,000                                |        |               | 4,000    |             |               | 4,000           |          |               | 0.35     | %           |
| NM JRA LLC                                   |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Net Lease                                    |  | Membership interest (7)(10)      |  | —            |  | 8/12/2016  |  | —                        |  | —                                |        |               | 2,043    |             |               | 3,555           |          |               | 0.31     | %           |
| NM KRLN LLC                                  |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Net Lease                                    |  | Membership interest (7)(10)      |  | —            |  | 11/15/2016 |  | —                        |  | —                                |        |               | 7,807    |             |               | 976             |          |               | 0.09     | %           |
| NM GP Holdco, LLC**                          |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Net Lease                                    |  | Membership interest (7)(10)      |  | —            |  | 6/20/2018  |  | —                        |  | —                                |        |               | 452      |             |               | 456             |          |               | 0.04     | %           |
| Edmentum Ultimate Holdings, LLC (16)         |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Education                                    |  | Ordinary shares (3)(10)          |  | —            |  | 6/9/2015   |  | —                        |  | 123,968                                |        |               | 11       |             |               | 233             |          |               |               |
|                                              |  | Ordinary shares (2)(10)          |  | —            |  | 6/9/2015   |  | —                        |  | 107,143                                |        |               | 9        |             |               | 202             |          |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |             | 20       |          |                  | 435      |                 |               | 0.03     | %             |
| New LT Smile Holdings, LLC(25)               |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Healthcare Services                          |  | Ordinary shares (3)(10)          |  | —            |  | 6/5/2020   |  | —                        |  | 68                                     |        |               | —  |             |               | —         |          |               |               |
|                                              |  | Ordinary shares (8)(10)          |  | —            |  | 6/5/2020   |  | —                        |  | 136                                    |        |               | —  |             |               | —         |          |               |               |
|                                              |  | Ordinary shares (2)(10)          |  | —            |  | 6/5/2020   |  | —                        |  | 556                                    |        |               | —  |             |               | —         |          |               |               |
|                                              |  |                                  |  |                    |  |                    |  |                                |  |                                             |             | —  |          |                  | —  |                 |               | —  | %             |
| Total Shares - United States                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |             | $             | 360,820  |             |               | $                    | 335,087  |          |               | 29.48  | %          |
| Total Shares                                 |  |                                  |  |                    |  |                    |  |                                |  |                                             |             | $             | 368,165  |             |               | $                    | 345,666  |          |               | 30.41  | %          |
| Warrants - United States                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Edmentum Ultimate Holdings, LLC (16)         |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Education                                    |  | Warrants (3)(10)                 |  | —            |  | 2/23/2018  |  | 5/5/2026               |  | 1,141,846                              |        |               | $             | 769         |          |                      | $             | 2,148    |          |             | 0.19  | %             |
| NHME Holdings Corp. (21)                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Healthcare Services                          |  | Warrants (3)(10)                 |  | —            |  | 11/27/2018 |  | —                        |  | 160,000                                |        |               | 1,000    |             |               | 1,000           |          |               | 0.09     | %           |
| Total Warrants - United States               |  |                                  |  |                    |  |                    |  |                                |  |                                             |             | $             | 1,769    |             |               | $                    | 3,148    |          |               | 0.28   | %          |
| Total Funded Investments                     |  |                                  |  |                    |  |                    |  |                                |  |                                             |             | $             | 582,965  |             |               | $                    | 536,445  |          |               | 47.19  | %          |
| Unfunded Debt Investments - United States    |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| New LT Smile Holdings, LLC (25)              |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Benevis Holding Corp.                        |  |                                  |  |                    |  |                    |  |                                |  |                                             |             |               |               |                  |               |                      |
| Healthcare Services                          |  | First lien (3)(10)(11) - Undrawn |  | —            |  | 6/5/2020   |  | 7/31/2020              |  | $                                           | 2,074  |          |               | $                | —  |                 |               | $             | —  |        |            | —  | % |

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Table of Contents

|                                                               |  |                                   |  |                    |  |                   |  |                                |  |                                             |             |            |                 |                  |               |                      |                 |        |               |              |   |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|-----------------------------------|--|--------------------|--|-------------------|--|--------------------------------|--|---------------------------------------------|-------------|------------|-----------------|------------------|---------------|----------------------|-----------------|--------|---------------|--------------|---|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry (1)                  |  | Type of Investment                |  | Interest Rate (12) |  | Acquisition Date  |  | Maturity / Expiration Date |  |  Principal Amount, Par Value or Shares |             |  Cost |                 |  Fair Value |               | Percent of NetAssets |
| Edmentum Ultimate Holdings, LLC (16)                          |  |                                   |  |                    |  |                   |  |                                |  |                                             |             |            |                 |                  |               |                      |
| Edmentum, Inc. (fka Plato, Inc.) (Archipelago Learning, Inc.) |  |                                   |  |                    |  |                   |  |                                |  |                                             |             |            |                 |                  |               |                      |
| Education                                                     |  | Second lien (3)(10)(11) - Undrawn |  | —            |  | 4/15/2020 |  | 12/9/2021              |  | $                                           | 2,000  |       |                 | $                | —  |                 |                 | $      | —  |         |   | —  | % |
| Total Unfunded Debt Investments - United States               |  |                                   |  |                    |  |                   |  |                                |  | $                                           | 4,074  |       |                 | $                | —  |                 |                 | $      | —  |         |   | —  | % |
| Total Controlled Investments                                  |  |                                   |  |                    |  |                   |  |                                |  |                                             |             | $          | 582,965    |             |               | $                    | 536,445    |   |               | 47.19   | % |
| Total Investments                                             |  |                                   |  |                    |  |                   |  |                                |  |                                             |             | $          | 2,968,368  |             |               | $                    | 2,826,462  |   |               | 248.62  | % |

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Table of Contents

|                                                                                  |  |                                 |              |                   |           |                     |               |                          |        |                                                             |               |                             |  |                |               |                |              |             |               |           |        |   |               |        |  |          |               |        |  |   |             |        |  |   |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|---------------------------------|--------------|-------------------|-----------|---------------------|---------------|--------------------------|--------|-------------------------------------------------------------|---------------|-----------------------------|--|----------------|---------------|----------------|--------------|-------------|---------------|-----------|--------|---|---------------|--------|--|----------|---------------|--------|--|---|-------------|--------|--|---|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                           |  | Fair Value at December 31, 2019 |              | GrossAdditions(A) |           | GrossRedemptions(B) |               | NetRealizedGains(Losses) |        | Net Change InUnrealizedAppreciation(Depreciation) |               | Fair Value at June 30, 2020 |  | InterestIncome |               | DividendIncome |              | OtherIncome |
| NMFC Senior Loan Program I LLC                                                   |  | $                               | 23,000  |              |           | $                   | —  |                     |        | $                                                           | —  |                        |  | $              | —  |           |              | $           | —  |      |        | $ | 23,000   |   |  | $        | —  |   |  | $ | 1,409  |   |  | $ | 527  |   |
| Permian Holdco 1, Inc. / Permian Holdco 2, Inc. / Permian Holdco 3, Inc. |  | 40,621                     |         |                   | (4,877)   |                |               | (75)                     |   |                                                             | —  |                        |  | (9,083)        |          |                | 26,586  |        |               | (282)     |   |   | (3,418)       |   |  | 31  |          |
| Sierra Hamilton Holdings Corporation                                             |  | 9,906                      |         |                   | 116  |                |               | —             |   |                                                             | —  |                        |  | (4,524)        |          |                | 5,498   |        |               | 116  |   |   | —  |   |  | 17  |          |
| Total Non-Controlled/Affiliated Investments                                  |  | $                               | 73,527  |              |           | $                   | (4,761)       |                     |        | $                                                           | (75)          |                        |  | $              | —  |           |              | $           | (13,607)      |      |        | $ | 55,084   |   |  | $        | (166)         |   |  | $ | (2,009)     |   |  | $ | 575  |   |

|  |  |  |
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|  |

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Table of Contents

|                                                             |  |                                 |               |                   |               |                     |               |                                |        |                                                             |               |                             |  |                |         |                |               |             |          |               |        |   |               |        |  |               |             |        |  |   |               |        |  |   |             |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|--|---------------------------------|---------------|-------------------|---------------|---------------------|---------------|--------------------------------|--------|-------------------------------------------------------------|---------------|-----------------------------|--|----------------|---------|----------------|---------------|-------------|----------|---------------|--------|---|---------------|--------|--|---------------|-------------|--------|--|---|---------------|--------|--|---|-------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                      |  | Fair Value at December 31, 2019 |               | GrossAdditions(A) |               | GrossRedemptions(B) |               | Net RealizedGains(Losses) |        | Net Change InUnrealizedAppreciation(Depreciation) |               | Fair Value at June 30, 2020 |  | InterestIncome |         | DividendIncome |               | OtherIncome |          |               |
| Edmentum Ultimate Holdings, LLC/Edmentum Inc.           |  | $                               | 79,112   |              |               | $                   | 18,698   |                           |        | $                                                           | (84)          |                        |  | $              | 7  |           |               | $           | (19,974) |          |        | $ | 77,752   |   |  | $             | 3,547  |   |  | $ | —  |   |  | $ | 955    |   |  |  |
| National HME, Inc./NHME Holdings Corp.                  |  | 24,979                     |          |                   | 1,928    |                |               | —                   |   |                                                             | —  |                        |  | (698)          |    |                | 26,209   |        |          | 1,928    |   |   | —  |   |  | —  |        |        |  |
| New LT Smile Holdings, LLC / Benevis Holdings Corp. (C) |  | —                    |          |                   | 65,026   |                |               | (78)                           |   |                                                             | —  |                        |  | 4,210     |    |                | 69,158   |        |          | 512      |   |   | —  |   |  | —  |        |        |  |
| NM APP CANADA CORP                                          |  | 10,774                     |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (195)          |    |                | 10,579   |        |          | —  |   |   | 481      |   |  | —  |        |        |  |
| NM APP US LLC                                               |  | 6,834                      |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (201)          |    |                | 6,633    |        |          | —  |   |   | 277      |   |  | —  |        |        |  |
| NM CLFX LP                                                  |  | 12,723                     |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (1,006)        |    |                | 11,717   |        |          | —  |   |   | 784      |   |  | —  |        |        |  |
| NM DRVT LLC                                                 |  | 6,016                      |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (140)          |    |                | 5,876    |        |          | —  |   |   | 237      |   |  | —  |        |        |  |
| NM JRA LLC                                                  |  | 3,700                      |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (145)          |    |                | 3,555    |        |          | —  |   |   | 134      |   |  | —  |        |        |  |
| NM GLCR LP                                                  |  | 23,800                     |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (1,518)        |    |                | 22,282   |        |          | —  |   |   | 923      |   |  | —  |        |        |  |
| NM KRLN LLC                                                 |  | 2,379                      |          |                   | 297      |                |               | —                   |   |                                                             | —  |                        |  | (1,700)        |    |                | 976      |        |          | —  |   |   | —  |   |  | —  |        |        |  |
| NM NL Holdings, L.P.                                        |  | 48,308                     |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (2,787)        |    |                | 45,521   |        |          | —  |   |   | 2,416    |   |  | —  |        |        |  |
| NM GP Holdco, LLC                                           |  | 487                        |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (31)           |    |                | 456      |        |          | —  |   |   | 25       |   |  | —  |        |        |  |
| NM YI LLC                                                   |  | 6,339                      |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (626)          |    |                | 5,713    |        |          | —  |   |   | 355      |   |  | —  |        |        |  |
| NMFC Senior Loan Program II LLC                             |  | 79,400                     |          |                   | —  |                |               | —                   |   |                                                             | —  |                        |  | (572)          |    |                | 78,828   |        |          | —  |   |   | 4,698    |   |  | —  |        |        |  |
| NMFC Senior Loan Program III LLC                            |  | 100,000                    |          |                   | 10,000   |                |               | —                   |   |                                                             | —  |                        |  | —   |    |                | 110,000  |        |          | —  |   |   | 5,624    |   |  | —  |        |        |  |
| UniTek Global Services, Inc.                                |  | 68,101                     |          |                   | 16,030   |                |               | (103)                          |   |                                                             | —  |                        |  | (22,838)       |    |                | 61,190   |        |          | 732      |   |   | 4,140    |   |  | 225      |        |        |  |
| Total Controlled Investments                                |  | $                               | 472,952  |              |               | $                   | 111,979  |                           |        | $                                                           | (265)         |                        |  | $              | 7  |           |               | $           | (48,221) |          |        | $ | 536,445  |   |  | $             | 6,719  |   |  | $ | 20,094   |   |  | $ | 1,180  |   |  |  |

|  |  |  |
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|  |

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Table of Contents

|                      |  |                                                                    |   |  |  |  |  |  |
|----------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                 |  | June 30, 2020                                                      |
| Investment Type |  | Percent of TotalInvestments at Fair Value |
| First lien           |  | 57.80                                                         | % |
| Second lien          |  | 24.38                                                         | % |
| Subordinated         |  | 1.46                                                          | % |
| Equity and other     |  | 16.36                                                         | % |
| Total investments    |  | 100.00                                                        | % |

|                                                          |  |                                                                    |   |  |  |  |  |  |
|----------------------------------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                                                     |  | June 30, 2020                                                      |
| Industry Type                                       |  | Percent of TotalInvestments at Fair Value |
| Software                                                 |  | 27.42                                                         | % |
| Business Services                                        |  | 21.16                                                         | % |
| Healthcare Services                                      |  | 15.22                                                         | % |
| Education                                                |  | 8.05                                                          | % |
| Investment Fund (includes investments in joint ventures) |  | 7.49                                                          | % |
| Net Lease                                                |  | 4.01                                                          | % |
| Federal Services                                         |  | 3.54                                                          | % |
| Healthcare Information Technology                        |  | 2.69                                                          | % |
| Consumer Services                                        |  | 2.64                                                          | % |
| Distribution & Logistics                             |  | 2.43                                                          | % |
| Specialty Chemicals & Materials                      |  | 2.18                                                          | % |
| Industrial Services                                      |  | 1.23                                                          | % |
| Energy                                                   |  | 1.14                                                          | % |
| Packaging                                                |  | 0.43                                                          | % |
| Business Products                                        |  | 0.37                                                          | % |
| Total investments                                        |  | 100.00                                                        | % |

|                              |  |                                                                    |   |  |  |  |  |  |
|------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                         |  | June 30, 2020                                                      |
| Interest Rate Type |  | Percent of TotalInvestments at Fair Value |
| Floating rates               |  | 94.81                                                         | % |
| Fixed rates                  |  | 5.19                                                          | % |
| Total investments            |  | 100.00                                                        | % |

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Table of Contents

|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------|--|-------------------------------|--|--------------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                                           |  | Type ofInvestment             |  | Interest Rate (11)                   |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
| Non-Controlled/Non-Affiliated Investments                                         |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
| Funded Debt Investments - Canada                                                      |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    Dentalcorp Health Services ULC (fka Dentalcorp Perfect Smile ULC)** |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                               |  | Second lien (3)               |  | 9.30% (L + 7.50%/M)              |  | 6/1/2018   |  | 6/8/2026            |  | $                                  | 28,613  |   |              | $          | 28,390  |                |        | $ | 27,754  |   |  |            |
|                                                                                       |  | Second lien (8)               |  | 9.30% (L + 7.50%/M)              |  | 6/1/2018   |  | 6/8/2026            |  | 7,500                         |         |        | 7,445   |       |              | 7,275          |   |   |              |
|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 36,113                        |         |        | 35,835  |       |              | 35,029         |   |   | 2.73    | %      |
|    Wolfpack IP Co.**                                                   |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                          |  | First lien (2)(9)             |  | 8.29% (L + 6.50%/M)              |  | 6/14/2019  |  | 6/13/2025           |  | 9,091                         |         |        | 9,007   |       |              | 9,000          |   |   | 0.70    | %      |
| Total Funded Debt Investments - Canada                                                |  |                               |  |                                      |  |                    |  |                             |  | $                                  | 45,204  |   |              | $          | 44,842  |                |        | $ | 44,029  |   |  | 3.43  | % |
| Funded Debt Investments - United Arab Emirates                                        |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    GEMS Menasa (Cayman) Limited**                                      |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Education                                         |  | First lien (8)                |  | 6.91% (L + 5.00%/Q)              |  | 7/30/2019  |  | 7/31/2026           |  | $                                  | 33,405  |   |              | $          | 33,240  |                |        | $ | 33,488  |   |  | 2.61  | % |
| Total Funded Debt Investments - United Arab Emirates                                  |  |                               |  |                                      |  |                    |  |                             |  | $                                  | 33,405  |   |              | $          | 33,240  |                |        | $ | 33,488  |   |  | 2.61  | % |
| Funded Debt Investments - United Kingdom                                              |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    Shine Acquisition Co. S.à.r.l / Boing US Holdco Inc.**     |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Consumer Services                                 |  | Second lien (2)               |  | 9.24% (L + 7.50%/M)              |  | 9/25/2017  |  | 10/3/2025           |  | $                                  | 37,853  |   |              | $          | 37,671  |                |        | $ | 36,717  |   |  |            |
|                                                                                       |  | Second lien (8)               |  | 9.24% (L + 7.50%/M)              |  | 9/25/2017  |  | 10/3/2025           |  | 6,000                         |         |        | 5,971   |       |              | 5,820          |   |   |              |
|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 43,853                        |         |        | 43,642  |       |              | 42,537         |   |   | 3.32    | %      |
|    Aston FinCo S.a r.l. / Aston US Finco, LLC**                    |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                          |  | Second lien (8)(9)            |  | 10.26% (L + 8.25%/Q)             |  | 10/8/2019  |  | 10/8/2027           |  | 34,459                        |         |        | 34,187  |       |              | 34,201         |   |   | 2.66    | %      |
| Total Funded Debt Investments - United Kingdom                                        |  |                               |  |                                      |  |                    |  |                             |  | $                                  | 78,312  |   |              | $          | 77,829  |                |        | $ | 76,738  |   |  | 5.98  | % |
| Funded Debt Investments - United States                                               |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    Benevis Holding Corp.                                               |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                               |  | First lien (2)(9)             |  | 8.25% (L + 6.32%/Q)              |  | 3/15/2018  |  | 3/15/2024           |  | $                                  | 62,731  |   |              | $          | 62,731  |                |        | $ | 62,323  |   |  |            |
|                                                                                       |  | First lien (8)(9)             |  | 8.25% (L + 6.32%/Q)              |  | 3/15/2018  |  | 3/15/2024           |  | 15,391                        |         |        | 15,391  |       |              | 15,291         |   |   |              |
|                                                                                       |  | First lien (3)(9)             |  | 8.25% (L + 6.32%/Q)              |  | 3/29/2019  |  | 3/15/2024           |  | 7,743                         |         |        | 7,743   |       |              | 7,693          |   |   |              |
|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 85,865                        |         |        | 85,865  |       |              | 85,307         |   |   | 6.64    | %      |
|    PhyNet Dermatology LLC                                              |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                               |  | First lien (2)(9)             |  | 7.30% (L + 5.50%/M)              |  | 9/17/2018  |  | 8/16/2024           |  | 50,368                        |         |        | 49,956  |       |              | 50,368         |   |   |              |
|                                                                                       |  | First lien (3)(9)(10) - Drawn |  | 7.30% (L + 5.50%/M)              |  | 9/17/2018  |  | 8/16/2024           |  | 28,139                        |         |        | 28,009  |       |              | 28,139         |   |   |              |
|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 78,507                        |         |        | 77,965  |       |              | 78,507         |   |   | 6.11    | %      |
|    Kronos Incorporated                                                 |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                          |  | Second lien (2)               |  | 10.16% (L + 8.25%/Q)             |  | 10/26/2012 |  | 11/1/2024           |  | 49,210                        |         |        | 48,955  |       |              | 50,563         |   |   |              |
|                                                                                       |  | Second lien (8)               |  | 10.16% (L + 8.25%/Q)             |  | 10/26/2012 |  | 11/1/2024           |  | 11,147                        |         |        | 11,147  |       |              | 11,453         |   |   |              |
|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 60,357                        |         |        | 60,102  |       |              | 62,016         |   |   | 4.83    | %      |
|    Associations, Inc.                                                  |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                                 |  | First lien (2)(9)             |  | 9.09% (L + 4.00% + 3.00% PIK/Q)* |  | 7/30/2018  |  | 7/30/2024           |  | 44,557                        |         |        | 44,332  |       |              | 44,557         |   |   |              |
|                                                                                       |  | First lien (8)(9)             |  | 9.09% (L + 4.00% + 3.00% PIK/Q)* |  | 7/30/2018  |  | 7/30/2024           |  | 5,115                         |         |        | 5,090   |       |              | 5,115          |   |   |              |
|                                                                                       |  | First lien (3)(9)(10) - Drawn |  | 9.06% (L + 4.00% + 3.00% PIK/Q)* |  | 7/30/2018  |  | 7/30/2024           |  | 7,171                         |         |        | 7,133   |       |              | 7,171          |   |   |              |
|                                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 56,843                        |         |        | 56,555  |       |              | 56,843         |   |   | 4.43    | %      |

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Table of Contents

|                                                                  |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|-------------------------------|--|--------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                      |  | Type ofInvestment             |  | Interest Rate (11)       |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
|    Nomad Buyer, Inc.                              |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services          |  | First lien (2)                |  | 6.74% (L + 5.00%/M)  |  | 8/3/2018   |  | 8/1/2025            |  | $                                  | 56,439  |   |              | $          | 54,867  |                |        | $ | 56,298  |   |  | 4.39  | % |
|    GS Acquisitionco, Inc.                         |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | First lien (2)(9)             |  | 7.55% (L + 5.75%/M)  |  | 8/7/2019   |  | 5/24/2024           |  | 26,894                        |         |        | 26,738  |       |              | 26,725         |   |   |              |
|                                                                  |  | First lien (5)(9)             |  | 7.55% (L + 5.75%/M)  |  | 8/7/2019   |  | 5/24/2024           |  | 22,406                        |         |        | 22,276  |       |              | 22,266         |   |   |              |
|                                                                  |  | First lien (3)(9)(10) - Drawn |  | 7.55% (L + 5.75%/M)  |  | 8/7/2019   |  | 5/25/2024           |  | 3,720                         |         |        | 3,698   |       |              | 3,697          |   |   |              |
|                                                                  |  | First lien (3)(9)(10) - Drawn |  | 7.55% (L + 5.75%/M)  |  | 8/7/2019   |  | 5/25/2024           |  | 3,510                         |         |        | 3,488   |       |              | 3,488          |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 56,530                        |         |        | 56,200  |       |              | 56,176         |   |   | 4.38    | %      |
|    iCIMS, Inc.                                    |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | First lien (8)(9)             |  | 8.29% (L + 6.50%/M)  |  | 9/12/2018  |  | 9/12/2024           |  | 46,636                        |         |        | 46,229  |       |              | 46,636         |   |   |              |
|                                                                  |  | First lien (8)(9)             |  | 8.29% (L + 6.50%/M)  |  | 6/14/2019  |  | 9/12/2024           |  | 8,667                         |         |        | 8,587   |       |              | 8,667          |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 55,303                        |         |        | 54,816  |       |              | 55,303         |   |   | 4.31    | %      |
|    ConnectWise, LLC                               |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | First lien (2)(9)             |  | 7.94% (L + 6.00%/Q)  |  | 11/26/2019 |  | 2/28/2025           |  | 55,613                        |         |        | 55,270  |       |              | 55,265         |   |   | 4.31    | %      |
|    CentralSquare Technologies, LLC                |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | Second lien (3)               |  | 9.30% (L + 7.50%/M)  |  | 8/15/2018  |  | 8/31/2026           |  | 47,838                        |         |        | 47,297  |       |              | 45,087         |   |   |              |
|                                                                  |  | Second lien (8)               |  | 9.30% (L + 7.50%/M)  |  | 8/15/2018  |  | 8/31/2026           |  | 7,500                         |         |        | 7,415   |       |              | 7,069          |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 55,338                        |         |        | 54,712  |       |              | 52,156         |   |   | 4.06    | %      |
|    Dealer Tire, LLC                               |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Distribution & Logistics |  | First lien (2)                |  | 7.30% (L + 5.50%/M)  |  | 12/4/2018  |  | 12/12/2025          |  | 51,386                        |         |        | 50,251  |       |              | 51,577         |   |   | 4.02    | %      |
|    Salient CRGT Inc.                              |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Federal Services             |  | First lien (2)                |  | 8.29% (L + 6.50%/M)  |  | 1/6/2015   |  | 2/28/2022           |  | 39,312                        |         |        | 39,049  |       |              | 37,445         |   |   |              |
|                                                                  |  | First lien (8)                |  | 8.29% (L + 6.50%/M)  |  | 6/6/2019   |  | 2/28/2022           |  | 13,434                        |         |        | 12,987  |       |              | 12,795         |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 52,746                        |         |        | 52,036  |       |              | 50,240         |   |   | 3.91    | %      |
|    NM GRC Holdco, LLC                             |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | First lien (2)(9)             |  | 7.94% (L + 6.00%/Q)  |  | 2/9/2018   |  | 2/9/2024            |  | 38,346                        |         |        | 38,206  |       |              | 38,346         |   |   |              |
|                                                                  |  | First lien (2)(9)(10) - Drawn |  | 7.94% (L + 6.00%/Q)  |  | 2/9/2018   |  | 2/9/2024            |  | 10,658                        |         |        | 10,616  |       |              | 10,658         |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 49,004                        |         |        | 48,822  |       |              | 49,004         |   |   | 3.82    | %      |
|    Frontline Technologies Group Holdings, LLC     |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Education                    |  | First lien (4)(9)             |  | 7.55% (L + 5.75%/M)  |  | 9/18/2017  |  | 9/18/2023           |  | 22,162                        |         |        | 22,050  |       |              | 22,162         |   |   |              |
|                                                                  |  | First lien (2)(9)             |  | 7.55% (L + 5.75%/M)  |  | 9/18/2017  |  | 9/18/2023           |  | 18,677                        |         |        | 18,619  |       |              | 18,677         |   |   |              |
|                                                                  |  | First lien (2)(9)             |  | 7.55% (L + 5.75%/M)  |  | 9/18/2017  |  | 9/18/2023           |  | 7,710                         |         |        | 7,658   |       |              | 7,710          |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 48,549                        |         |        | 48,327  |       |              | 48,549         |   |   | 3.78    | %      |
|    Integro Parent Inc.                            |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | First lien (2)(9)             |  | 7.54% (L + 5.75%/M)  |  | 10/9/2015  |  | 10/31/2022          |  | 35,024                        |         |        | 34,892  |       |              | 35,024         |   |   |              |
|                                                                  |  | Second lien (8)(9)            |  | 11.04% (L + 9.25%/M) |  | 10/9/2015  |  | 10/30/2023          |  | 10,000                        |         |        | 9,941   |       |              | 10,000         |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 45,024                        |         |        | 44,833  |       |              | 45,024         |   |   | 3.51    | %      |
|    Brave Parent Holdings, Inc.                    |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | Second lien (5)               |  | 9.43% (L + 7.50%/Q)  |  | 4/17/2018  |  | 4/17/2026           |  | 22,500                        |         |        | 22,404  |       |              | 21,825         |   |   |              |
|                                                                  |  | Second lien (2)               |  | 9.43% (L + 7.50%/Q)  |  | 4/17/2018  |  | 4/17/2026           |  | 16,624                        |         |        | 16,480  |       |              | 16,125         |   |   |              |
|                                                                  |  | Second lien (8)               |  | 9.43% (L + 7.50%/Q)  |  | 4/17/2018  |  | 4/17/2026           |  | 6,000                         |         |        | 5,948   |       |              | 5,820          |   |   |              |
|                                                                  |  |                               |  |                          |  |                    |  |                             |  | 45,124                        |         |        | 44,832  |       |              | 43,770         |   |   | 3.41    | %      |
|    Quest Software US Holdings Inc.                |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | Second lien (2)               |  | 10.18% (L + 8.25%/Q) |  | 5/17/2018  |  | 5/18/2026           |  | 43,697                        |         |        | 43,320  |       |              | 42,851         |   |   | 3.35    | %      |

----

Table of Contents

|                                                                       |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------|--|-------------------------------|--|--------------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                           |  | Type ofInvestment             |  | Interest Rate (11)                   |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
|    Symplr Software Intermediate Holdings, Inc. (23)    |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    Symplr Software, Inc. (fka Caliper Software, Inc.)  |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Information Technology |  | First lien (2)(9)             |  | 7.94% (L + 6.00%/Q)              |  | 11/30/2018 |  | 11/28/2025          |  | $                                  | 25,561  |   |              | $          | 25,387  |                |        | $ | 25,561  |   |  |  |
|                                                                       |  | First lien (4)(9)             |  | 7.94% (L + 6.00%/Q)              |  | 11/30/2018 |  | 11/28/2025          |  | 14,850                        |         |        | 14,752  |       |              | 14,850         |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 40,411                        |         |        | 40,139  |       |              | 40,411         |   |   | 3.15    | %      |
|    Tenawa Resource Holdings LLC (13)                   |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    Tenawa Resource Management LLC                      |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Energy                            |  | First lien (3)(9)             |  | 10.50% (Base + 8.00%/Q)          |  | 5/12/2014  |  | 10/30/2024          |  | 39,000                        |         |        | 38,950  |       |              | 39,000         |   |   | 3.04    | %      |
|    KAMC Holdings, Inc                                  |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | Second lien (2)(9)            |  | 9.91% (L + 8.00%/Q)              |  | 8/14/2019  |  | 8/13/2027           |  | 18,750                        |         |        | 18,614  |       |              | 18,609         |   |   |              |
|                                                                       |  | Second lien (8)(9)            |  | 9.91% (L + 8.00%/Q)              |  | 8/14/2019  |  | 8/13/2027           |  | 18,750                        |         |        | 18,614  |       |              | 18,609         |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 37,500                        |         |        | 37,228  |       |              | 37,218         |   |   | 2.90    | %      |
|    Trader Interactive, LLC                             |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | First lien (2)(9)             |  | 8.30% (L + 6.50%/M)              |  | 6/15/2017  |  | 6/17/2024           |  | 31,932                        |         |        | 31,776  |       |              | 31,932         |   |   |              |
|                                                                       |  | First lien (8)(9)             |  | 8.30% (L + 6.50%/M)              |  | 6/15/2017  |  | 6/17/2024           |  | 4,949                         |         |        | 4,925   |       |              | 4,949          |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 36,881                        |         |        | 36,701  |       |              | 36,881         |   |   | 2.87    | %      |
|    Peraton Holding Corp. (fka MHVC Acquisition Corp.)  |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Federal Services                  |  | First lien (2)                |  | 7.05% (L + 5.25%/M)              |  | 4/25/2017  |  | 4/29/2024           |  | 36,907                        |         |        | 36,781  |       |              | 36,745         |   |   | 2.86    | %      |
|    Apptio, Inc.                                        |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                          |  | First lien (8)(9)             |  | 8.96% (L + 7.25%/M)              |  | 1/10/2019  |  | 1/10/2025           |  | 34,076                        |         |        | 33,473  |       |              | 33,394         |   |   | 2.60    | %      |
|    Definitive Healthcare Holdings, LLC                 |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Information Technology |  | First lien (8)(9)             |  | 8.40% (L + 5.50% + 1.00% PIK/Q)* |  | 8/7/2019   |  | 7/16/2026           |  | 33,402                        |         |        | 33,244  |       |              | 33,234         |   |   | 2.59    | %      |
|    Finalsite Holdings, Inc.                            |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                          |  | First lien (4)(9)             |  | 6.93% (L + 5.00%/Q)              |  | 9/28/2018  |  | 9/25/2024           |  | 22,219                        |         |        | 22,081  |       |              | 22,219         |   |   |              |
|                                                                       |  | First lien (2)(9)             |  | 6.93% (L + 5.00%/Q)              |  | 9/28/2018  |  | 9/25/2024           |  | 10,974                        |         |        | 10,906  |       |              | 10,974         |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 33,193                        |         |        | 32,987  |       |              | 33,193         |   |   | 2.59    | %      |
|    TDG Group Holding Company                           |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Consumer Services                 |  | First lien (2)(9)             |  | 7.44% (L + 5.50%/Q)              |  | 5/22/2018  |  | 5/31/2024           |  | 24,860                        |         |        | 24,763  |       |              | 24,860         |   |   |              |
|                                                                       |  | First lien (8)(9)             |  | 7.44% (L + 5.50%/Q)              |  | 5/22/2018  |  | 5/31/2024           |  | 4,950                         |         |        | 4,931   |       |              | 4,950          |   |   |              |
|                                                                       |  | First lien (2)(9)             |  | 7.44% (L + 5.50%/Q)              |  | 5/22/2018  |  | 5/31/2024           |  | 3,321                         |         |        | 3,307   |       |              | 3,321          |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 33,131                        |         |        | 33,001  |       |              | 33,131         |   |   | 2.58    | %      |
|    CoolSys, Inc.                                       |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Industrial Services               |  | First lien (5)                |  | 7.80% (L + 6.00%/M)              |  | 11/20/2019 |  | 11/20/2026          |  | 22,500                        |         |        | 22,388  |       |              | 22,388         |   |   |              |
|                                                                       |  | First lien (2)                |  | 7.80% (L + 6.00%/M)              |  | 11/20/2019 |  | 11/20/2026          |  | 10,400                        |         |        | 10,348  |       |              | 10,348         |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 32,900                        |         |        | 32,736  |       |              | 32,736         |   |   | 2.55    | %      |
|    Ansira Holdings, Inc.                               |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | First lien (8)                |  | 7.55% (L + 5.75%/M)              |  | 12/19/2016 |  | 12/20/2022          |  | 28,455                        |         |        | 28,378  |       |              | 27,032         |   |   |              |
|                                                                       |  | First lien (3)(10) - Drawn    |  | 7.51% (L + 5.75%/M)              |  | 12/19/2016 |  | 12/20/2022          |  | 4,743                         |         |        | 4,731   |       |              | 4,506          |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 33,198                        |         |        | 33,109  |       |              | 31,538         |   |   | 2.46    | %      |
|    DCA Investment Holding, LLC                         |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services               |  | First lien (2)(9)             |  | 7.19% (L + 5.25%/Q)              |  | 7/2/2015   |  | 7/2/2021            |  | 17,095                        |         |        | 17,046  |       |              | 17,095         |   |   |              |
|                                                                       |  | First lien (3)(9)             |  | 7.19% (L + 5.25%/Q)              |  | 12/20/2017 |  | 7/2/2021            |  | 8,890                         |         |        | 8,834   |       |              | 8,890          |   |   |              |
|                                                                       |  | First lien (2)(9)             |  | 7.19% (L + 5.25%/Q)              |  | 12/20/2017 |  | 7/2/2021            |  | 4,184                         |         |        | 4,163   |       |              | 4,184          |   |   |              |
|                                                                       |  | First lien (3)(9)(10) - Drawn |  | 9.00% (P + 4.25%/Q)              |  | 7/2/2015   |  | 7/2/2021            |  | 608                           |         |        | 602     |       |              | 608            |   |   |              |
|                                                                       |  |                               |  |                                      |  |                    |  |                             |  | 30,777                        |         |        | 30,645  |       |              | 30,777         |   |   | 2.40    | %      |

----

Table of Contents

|                                                                            |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------|--|-------------------------------|--|--------------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                                |  | Type ofInvestment             |  | Interest Rate (11)                   |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
|    Integral Ad Science, Inc.                                |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                               |  | First lien (8)(9)             |  | 9.05% (L + 6.00% + 1.25% PIK/M)* |  | 7/19/2018  |  | 7/19/2024           |  | $                                  | 26,843  |   |              | $          | 26,616  |                |        | $ | 26,843  |   |  |  |
|                                                                            |  | First lien (3)(9)             |  | 9.05% (L + 6.00% + 1.25% PIK/M)* |  | 8/27/2019  |  | 7/19/2024           |  | 3,507                         |         |        | 3,474   |       |              | 3,507          |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 30,350                        |         |        | 30,090  |       |              | 30,350         |   |   | 2.36    | %      |
|    Conservice, LLC                                          |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                      |  | First lien (2)(9)             |  | 7.05% (L + 5.25%/M)              |  | 1/3/2019   |  | 11/29/2024          |  | 25,311                        |         |        | 25,202  |       |              | 25,184         |   |   |              |
|                                                                            |  | First lien (3)(9)(10) - Drawn |  | 7.05% (L + 5.25%/M)              |  | 1/3/2019   |  | 11/29/2024          |  | 4,418                         |         |        | 4,398   |       |              | 4,396          |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 29,729                        |         |        | 29,600  |       |              | 29,580         |   |   | 2.30    | %      |
|    Kaseya Traverse Inc.                                     |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                               |  | First lien (8)(9)             |  | 8.72% (L + 5.50% + 1.00% PIK/S)* |  | 5/9/2019   |  | 5/2/2025            |  | 27,525                        |         |        | 27,274  |       |              | 27,250         |   |   |              |
|                                                                            |  | First lien (3)(9)(10) - Drawn |  | 8.45% (L + 6.50%/Q)              |  | 5/9/2019   |  | 5/2/2025            |  | 1,321                         |         |        | 1,308   |       |              | 1,308          |   |   |              |
|                                                                            |  | First lien (3)(9)(10) - Drawn |  | 8.69% (L + 5.50% + 1.00% PIK/S)* |  | 5/9/2019   |  | 5/2/2025            |  | 430                           |         |        | 426     |       |              | 426            |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 29,276                        |         |        | 29,008  |       |              | 28,984         |   |   | 2.26    | %      |
|    Clarkson Eyecare, LLC                                    |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                    |  | First lien (2)                |  | 8.05% (L + 6.25%/M)              |  | 8/21/2019  |  | 4/2/2021            |  | 17,300                        |         |        | 17,149  |       |              | 17,300         |   |   |              |
|                                                                            |  | First lien (2)                |  | 8.05% (L + 6.25%/M)              |  | 9/11/2019  |  | 4/2/2021            |  | 11,533                        |         |        | 11,433  |       |              | 11,533         |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 28,833                        |         |        | 28,582  |       |              | 28,833         |   |   | 2.25    | %      |
|    Keystone Acquisition Corp.                               |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                    |  | First lien (2)                |  | 7.19% (L + 5.25%/Q)              |  | 5/10/2017  |  | 5/1/2024            |  | 24,482                        |         |        | 24,369  |       |              | 23,992         |   |   |              |
|                                                                            |  | Second lien (2)               |  | 11.19% (L + 9.25%/Q)             |  | 5/10/2017  |  | 5/1/2025            |  | 4,500                         |         |        | 4,465   |       |              | 4,399          |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 28,982                        |         |        | 28,834  |       |              | 28,391         |   |   | 2.21    | %      |
|    Sovos Brands Intermediate, Inc.                          |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Food & Beverage                    |  | First lien (2)                |  | 6.80% (L + 5.00%/M)              |  | 11/16/2018 |  | 11/20/2025          |  | 27,957                        |         |        | 27,834  |       |              | 27,957         |   |   | 2.18    | %      |
|    Affinity Dental Management, Inc.                         |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                    |  | First lien (4)(9)             |  | 8.07% (L + 6.00%/S)              |  | 9/17/2019  |  | 9/15/2023           |  | 10,945                        |         |        | 10,945  |       |              | 10,945         |   |   |              |
|                                                                            |  | First lien (2)(9)             |  | 8.01% (L + 6.00%/S)              |  | 9/15/2017  |  | 9/15/2023           |  | 11,316                        |         |        | 11,288  |       |              | 11,316         |   |   |              |
|                                                                            |  | First lien (3)(9)             |  | 8.00% (L + 6.00%/S)              |  | 9/15/2017  |  | 9/15/2023           |  | 5,224                         |         |        | 5,194   |       |              | 5,224          |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 27,485                        |         |        | 27,427  |       |              | 27,485         |   |   | 2.14    | %      |
|    Confluent Health, LLC                                    |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                    |  | First lien (2)                |  | 6.80% (L + 5.00%/M)              |  | 6/21/2019  |  | 6/24/2026           |  | 27,363                        |         |        | 27,233  |       |              | 27,363         |   |   | 2.13    | %      |
|    TMK Hawk Parent, Corp.                                   |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Distribution & Logistics           |  | First lien (2)                |  | 5.30% (L + 3.50%/M)              |  | 6/24/2019  |  | 8/28/2024           |  | 16,908                        |         |        | 14,483  |       |              | 13,865         |   |   |              |
|                                                                            |  | First lien (8)                |  | 5.30% (L + 3.50%/M)              |  | 10/23/2019 |  | 8/28/2024           |  | 16,308                        |         |        | 13,388  |       |              | 13,373         |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 33,216                        |         |        | 27,871  |       |              | 27,238         |   |   | 2.12    | %      |
|    HS Purchaser, LLC  / Help/Systems Holdings, Inc. |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                               |  | Second lien (5)               |  | 9.80% (L + 8.00%/M)              |  | 11/14/2019 |  | 11/19/2027          |  | 22,500                        |         |        | 22,380  |       |              | 22,388         |   |   |              |
|                                                                            |  | Second lien (2)               |  | 9.80% (L + 8.00%/M)              |  | 11/14/2019 |  | 11/19/2027          |  | 4,208                         |         |        | 4,166   |       |              | 4,187          |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 26,708                        |         |        | 26,546  |       |              | 26,575         |   |   | 2.07    | %      |
|    GC Waves Holdings, Inc.**                                |  |                               |  |                                      |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                      |  | First lien (5)(9)             |  | 7.55% (L + 5.75%/M)              |  | 10/31/2019 |  | 10/31/2025          |  | 22,500                        |         |        | 22,335  |       |              | 22,331         |   |   |              |
|                                                                            |  | First lien (2)(9)             |  | 7.55% (L + 5.75%/M)              |  | 10/31/2019 |  | 10/31/2025          |  | 3,673                         |         |        | 3,646   |       |              | 3,645          |   |   |              |
|                                                                            |  |                               |  |                                      |  |                    |  |                             |  | 26,173                        |         |        | 25,981  |       |              | 25,976         |   |   | 2.02    | %      |

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Table of Contents

|                                                                                |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|--|-------------------------------|--|--------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                                    |  | Type ofInvestment             |  | Interest Rate (11)       |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
|    Spring Education Group, Inc (fka SSH Group Holdings, Inc.)   |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Education                                  |  | Second lien (2)               |  | 10.19% (L + 8.25%/Q) |  | 7/26/2018  |  | 7/30/2026           |  | $                                  | 24,533  |   |              | $          | 24,476  |                |        | $ | 24,488  |   |  | 1.91  | % |
|    AAC Holding Corp.                                            |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Education                                  |  | First lien (2)(9)             |  | 9.95% (L + 8.25%/M)  |  | 9/30/2015  |  | 9/30/2022           |  | 24,956                        |         |        | 24,866  |       |              | 23,110         |   |   | 1.80    | %      |
|    Idera, Inc.                                                  |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                   |  | Second lien (4)               |  | 10.80% (L + 9.00%/M) |  | 6/27/2019  |  | 6/28/2027           |  | 22,500                        |         |        | 22,338  |       |              | 22,612         |   |   | 1.76    | %      |
|    Convey Health Solutions, Inc.                                |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                        |  | First lien (4)(9)             |  | 6.94% (L + 5.25%/M)  |  | 9/9/2019   |  | 9/4/2026            |  | 22,444                        |         |        | 22,200  |       |              | 22,191         |   |   | 1.73    | %      |
|    Avatar Topco, Inc. (22)                                      |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    EAB Global, Inc.                                             |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Education                                  |  | Second lien (3)               |  | 9.49% (L + 7.50%/S)  |  | 11/17/2017 |  | 11/17/2025          |  | 13,950                        |         |        | 13,782  |       |              | 13,950         |   |   |              |
|                                                                                |  | Second lien (8)               |  | 9.49% (L + 7.50%/S)  |  | 11/17/2017 |  | 11/17/2025          |  | 7,500                         |         |        | 7,410   |       |              | 7,500          |   |   |              |
|                                                                                |  |                               |  |                          |  |                    |  |                             |  | 21,450                        |         |        | 21,192  |       |              | 21,450         |   |   | 1.67    | %      |
|    CRCI Longhorn Holdings, Inc.                                 |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                          |  | Second lien (3)               |  | 8.99% (L + 7.25%/M)  |  | 8/2/2018   |  | 8/10/2026           |  | 14,349                        |         |        | 14,301  |       |              | 14,062         |   |   |              |
|                                                                                |  | Second lien (8)               |  | 8.99% (L + 7.25%/M)  |  | 8/2/2018   |  | 8/10/2026           |  | 7,500                         |         |        | 7,475   |       |              | 7,350          |   |   |              |
|                                                                                |  |                               |  |                          |  |                    |  |                             |  | 21,849                        |         |        | 21,776  |       |              | 21,412         |   |   | 1.67    | %      |
|    National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.) |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                        |  | Second lien (2)               |  | 10.30% (L + 8.50%/M) |  | 2/5/2019   |  | 3/8/2027            |  | 21,051                        |         |        | 20,609  |       |              | 20,999         |   |   | 1.64    | %      |
|    MED Parentco, LP                                             |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services                        |  | Second lien (8)               |  | 10.05% (L + 8.25%/M) |  | 8/2/2019   |  | 8/30/2027           |  | 20,857                        |         |        | 20,703  |       |              | 20,753         |   |   | 1.62    | %      |
|    Institutional Shareholder Services, Inc.                     |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                          |  | Second lien (3)               |  | 10.44% (L + 8.50%/Q) |  | 3/5/2019   |  | 3/5/2027            |  | 20,372                        |         |        | 20,087  |       |              | 19,557         |   |   | 1.52    | %      |
|    DiversiTech Holdings, Inc.                                   |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Distribution & Logistics               |  | Second lien (2)               |  | 9.44% (L + 7.50%/Q)  |  | 5/18/2017  |  | 6/2/2025            |  | 12,000                        |         |        | 11,909  |       |              | 11,760         |   |   |              |
|                                                                                |  | Second lien (8)               |  | 9.44% (L + 7.50%/Q)  |  | 5/18/2017  |  | 6/2/2025            |  | 7,500                         |         |        | 7,443   |       |              | 7,350          |   |   |              |
|                                                                                |  |                               |  |                          |  |                    |  |                             |  | 19,500                        |         |        | 19,352  |       |              | 19,110         |   |   | 1.49    | %      |
|    Xactly Corporation                                           |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                   |  | First lien (4)(9)             |  | 9.05% (L + 7.25%/M)  |  | 7/31/2017  |  | 7/29/2022           |  | 19,047                        |         |        | 18,925  |       |              | 19,047         |   |   | 1.48    | %      |
|    FR Arsenal Holdings II Corp.                                 |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                          |  | First lien (2)(9)             |  | 9.19% (L + 7.25%/Q)  |  | 9/29/2016  |  | 9/8/2022            |  | 18,355                        |         |        | 18,249  |       |              | 18,355         |   |   | 1.43    | %      |
|    YLG Holdings, Inc.                                           |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                          |  | First lien (5)                |  | 7.66% (L + 5.75%/Q)  |  | 11/1/2019  |  | 10/31/2025          |  | 18,413                        |         |        | 18,323  |       |              | 18,321         |   |   | 1.43    | %      |
|    Geo Parent Corporation                                       |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                          |  | First lien (2)                |  | 7.05% (L + 5.25%/M)  |  | 12/13/2018 |  | 12/19/2025          |  | 18,364                        |         |        | 18,282  |       |              | 18,318         |   |   | 1.43    | %      |
|    Bluefin Holding, LLC                                         |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                   |  | Second lien (8)(9)            |  | 9.64% (L + 7.75%/Q)  |  | 9/6/2019   |  | 9/6/2027            |  | 18,000                        |         |        | 18,000  |       |              | 18,000         |   |   | 1.40    | %      |
|    Bullhorn, Inc.                                               |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                   |  | First lien (2)(9)             |  | 7.44% (L + 5.50%/Q)  |  | 9/24/2019  |  | 10/1/2025           |  | 17,174                        |         |        | 17,049  |       |              | 17,045         |   |   |              |
|                                                                                |  | First lien (3)(9)(10) - Drawn |  | 7.46% (L + 5.50%/Q)  |  | 9/24/2019  |  | 10/1/2025           |  | 284                           |         |        | 282     |       |              | 282            |   |   |              |
|                                                                                |  |                               |  |                          |  |                    |  |                             |  | 17,458                        |         |        | 17,331  |       |              | 17,327         |   |   | 1.35    | %      |
|    The Kleinfelder Group, Inc.                                  |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                          |  | First lien (4)(9)             |  | 6.37% (L + 4.75%/W)  |  | 12/18/2018 |  | 11/29/2024          |  | 17,325                        |         |        | 17,251  |       |              | 17,325         |   |   | 1.35    | %      |
|    TIBCO Software Inc.                                          |  |                               |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                                   |  | Subordinated (3)              |  | 11.38%/S             |  | 11/24/2014 |  | 12/1/2021           |  | 15,000                        |         |        | 14,844  |       |              | 15,554         |   |   | 1.21    | %      |

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Table of Contents

|                                                                       |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------|--|--------------------------------|--|---------------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                           |  | Type ofInvestment              |  | Interest Rate (11)                    |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
|    Hill International, Inc.**                          |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | First lien (2)(9)              |  | 7.55% (L + 5.75%/M)               |  | 6/21/2017  |  | 6/21/2023           |  | $                                  | 15,405  |   |              | $          | 15,356  |                |        | $ | 15,405  |   |  | 1.20  | % |
|    Bleriot US Bidco Inc.                               |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Federal Services                  |  | Second lien (2)                |  | 10.44% (L + 8.50%/Q)              |  | 10/24/2019 |  | 10/29/2027          |  | 15,000                        |         |        | 14,852  |       |              | 14,981         |   |   | 1.17    | %      |
|    Netsmart Inc. / Netsmart Technologies, Inc.     |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Information Technology |  | Second lien (2)                |  | 9.30% (L + 7.50%/M)               |  | 4/18/2016  |  | 10/19/2023          |  | 15,000                        |         |        | 14,774  |       |              | 14,925         |   |   | 1.16    | %      |
|    Pathway Vet Alliance LLC                            |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Consumer Services                 |  | First lien (4)(9)(10) - Drawn  |  | 6.30% (L + 4.50%/M)               |  | 11/14/2019 |  | 12/20/2024          |  | 3,670                         |         |        | 3,652   |       |              | 3,652          |   |   |              |
|                                                                       |  | First lien (3)(9)(10) - Drawn  |  | 6.30% (L + 4.50%/M)               |  | 11/14/2019 |  | 12/20/2024          |  | 1,223                         |         |        | 1,217   |       |              | 1,217          |   |   |              |
|                                                                       |  | Second lien (4)(9)(10) - Drawn |  | 10.30% (L + 8.50%/M)              |  | 11/14/2019 |  | 12/19/2025          |  | 7,547                         |         |        | 7,490   |       |              | 7,490          |   |   |              |
|                                                                       |  | Second lien (3)(9)(10) - Drawn |  | 10.30% (L + 8.50%/M)              |  | 11/14/2019 |  | 12/19/2025          |  | 2,516                         |         |        | 2,497   |       |              | 2,497          |   |   |              |
|                                                                       |  |                                |  |                                       |  |                    |  |                             |  | 14,956                        |         |        | 14,856  |       |              | 14,856         |   |   | 1.16    | %      |
|    Diligent Corporation                                |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                          |  | First lien (2)(9)              |  | 7.56% (L + 5.50%/S)               |  | 10/30/2019 |  | 4/14/2022           |  | 6,842                         |         |        | 6,777   |       |              | 6,842          |   |   |              |
|                                                                       |  | First lien (2)(9)              |  | 7.56% (L + 5.50%/S)               |  | 10/30/2019 |  | 4/14/2022           |  | 140                           |         |        | 139     |       |              | 140            |   |   |              |
|                                                                       |  | First lien (3)(9)(10) - Drawn  |  | 7.54% (L + 5.50%/S)               |  | 12/19/2018 |  | 4/14/2022           |  | 7,431                         |         |        | 7,391   |       |              | 7,431          |   |   |              |
|                                                                       |  |                                |  |                                       |  |                    |  |                             |  | 14,413                        |         |        | 14,307  |       |              | 14,413         |   |   | 1.12    | %      |
|    Alegeus Technologies Holding Corp.                  |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services               |  | First lien (8)(9)              |  | 8.28% (L + 6.25%/Q)               |  | 9/5/2018   |  | 9/5/2024            |  | 13,444                        |         |        | 13,388  |       |              | 13,444         |   |   | 1.05    | %      |
|    JAMF Holdings, Inc.                                 |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                          |  | First lien (8)(9)              |  | 8.91% (L + 7.00%/Q)               |  | 11/13/2017 |  | 11/11/2022          |  | 8,757                         |         |        | 8,702   |       |              | 8,757          |   |   |              |
|                                                                       |  | First lien (2)(9)              |  | 8.91% (L + 7.00%/Q)               |  | 11/8/2019  |  | 11/11/2022          |  | 4,582                         |         |        | 4,549   |       |              | 4,582          |   |   |              |
|                                                                       |  |                                |  |                                       |  |                    |  |                             |  | 13,339                        |         |        | 13,251  |       |              | 13,339         |   |   | 1.04    | %      |
|    BackOffice Associates Holdings, LLC                 |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | First lien (2)(9)              |  | 12.70% (L + 7.50% + 3.00% PIK/S)* |  | 8/25/2017  |  | 8/25/2023           |  | 13,047                        |         |        | 12,973  |       |              | 12,425         |   |   |              |
|                                                                       |  | First lien (3)(9)(10) - Drawn  |  | 12.68% (L + 7.50% + 3.00% PIK/Q)* |  | 8/25/2017  |  | 8/25/2023           |  | 894                           |         |        | 886     |       |              | 851            |   |   |              |
|                                                                       |  |                                |  |                                       |  |                    |  |                             |  | 13,941                        |         |        | 13,859  |       |              | 13,276         |   |   | 1.03    | %      |
|    Castle Management Borrower LLC                      |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | First lien (2)(9)              |  | 8.16% (L + 6.25%/Q)               |  | 5/31/2018  |  | 2/15/2024           |  | 13,217                        |         |        | 13,166  |       |              | 13,217         |   |   | 1.03    | %      |
|    Ministry Brands, LLC                                |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                          |  | First lien (2)(9)              |  | 5.85% (L + 4.00%/M)               |  | 12/7/2016  |  | 12/2/2022           |  | 2,932                         |         |        | 2,924   |       |              | 2,932          |   |   |              |
|                                                                       |  | Second lien (8)(9)             |  | 11.08% (L + 9.25%/M)              |  | 12/7/2016  |  | 6/2/2023            |  | 7,840                         |         |        | 7,804   |       |              | 7,840          |   |   |              |
|                                                                       |  | Second lien (3)(9)             |  | 11.08% (L + 9.25%/M)              |  | 12/7/2016  |  | 6/2/2023            |  | 2,160                         |         |        | 2,150   |       |              | 2,160          |   |   |              |
|                                                                       |  | First lien (3)(9)(10) - Drawn  |  | 6.95% (L + 5.00%/Q)               |  | 12/7/2016  |  | 12/2/2022           |  | 200                           |         |        | 199     |       |              | 200            |   |   |              |
|                                                                       |  |                                |  |                                       |  |                    |  |                             |  | 13,132                        |         |        | 13,077  |       |              | 13,132         |   |   | 1.02    | %      |
|    Transcendia Holdings, Inc.                          |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Packaging                         |  | Second lien (8)(9)             |  | 9.80% (L + 8.00%/M)               |  | 6/28/2017  |  | 5/30/2025           |  | 14,500                        |         |        | 14,348  |       |              | 12,476         |   |   | 0.97    | %      |
|    OEConnection LLC                                    |  |                                |  |                                       |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services                 |  | Second lien (2)(9)             |  | 10.04% (L + 8.25%/M)              |  | 9/25/2019  |  | 9/25/2027           |  | 12,044                        |         |        | 11,926  |       |              | 11,924         |   |   | 0.93    | %      |

----

Table of Contents

|                                                                  |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |        |   |              |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|----------------------------|--|--------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------------|--------|--------------|------------|--------------|---------------------|--------|---|--------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                      |  | Type ofInvestment          |  | Interest Rate (11)       |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |              | Cost   |              | Fair Value |              | Percent ofNetAssets |
|    CFS Management, LLC                            |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services          |  | First lien (2)(9)          |  | 7.95% (L + 5.75%/S)  |  | 8/6/2019   |  | 7/1/2024            |  | $                                  | 11,733  |   |              | $          | 11,678  |                |        | $ | 11,674  |   |  | 0.91  | % |
|    CHA Holdings, Inc.                             |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | Second lien (4)            |  | 10.69% (L + 8.75%/Q) |  | 4/3/2018   |  | 4/10/2026           |  | 7,012                         |         |        | 6,952   |       |              | 7,082          |   |   |              |
|                                                                  |  | Second lien (3)            |  | 10.69% (L + 8.75%/Q) |  | 4/3/2018   |  | 4/10/2026           |  | 4,453                         |         |        | 4,415   |       |              | 4,497          |   |   |              |
|                                                                  |  |                            |  |                          |  |                    |  |                             |  | 11,465                        |         |        | 11,367  |       |              | 11,579         |   |   | 0.90    | %      |
|    Alert Holding Company, Inc. (14)               |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|    Appriss Holdings, Inc.                         |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | First lien (8)             |  | 7.44% (L + 5.50%/Q)  |  | 5/24/2019  |  | 5/29/2026           |  | 11,054                        |         |        | 10,965  |       |              | 10,888         |   |   | 0.86    | %      |
|    PaySimple, Inc.                                |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | First lien (2)             |  | 7.30% (L + 5.50%/M)  |  | 8/19/2019  |  | 8/25/2025           |  | 9,857                         |         |        | 9,763   |       |              | 9,808          |   |   |              |
|                                                                  |  | First lien (3)(10) - Drawn |  | 7.31% (L + 5.50%/M)  |  | 8/19/2019  |  | 8/25/2025           |  | 934                           |         |        | 916     |       |              | 930            |   |   |              |
|                                                                  |  |                            |  |                          |  |                    |  |                             |  | 10,791                        |         |        | 10,679  |       |              | 10,738         |   |   | 0.84    | %      |
|    Vectra Co.                                     |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Products            |  | Second lien (8)            |  | 9.05% (L + 7.25%/M)  |  | 2/23/2018  |  | 3/8/2026            |  | 10,788                        |         |        | 10,754  |       |              | 10,518         |   |   | 0.82    | %      |
|    NorthStar Financial Services Group, LLC        |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | Second lien (5)            |  | 9.30% (L + 7.50%/M)  |  | 5/23/2018  |  | 5/25/2026           |  | 10,607                        |         |        | 10,585  |       |              | 10,501         |   |   | 0.82    | %      |
|    PPVA Black Elk (Equity) LLC                    |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | Subordinated (3)(9)        |  | —                  |  | 5/3/2013   |  | —                     |  | 14,500                        |         |        | 14,500  |       |              | 10,354         |   |   | 0.81    | %      |
|    Masergy Holdings, Inc.                         |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | Second lien (2)            |  | 9.46% (L + 7.50%/Q)  |  | 12/14/2016 |  | 12/16/2024          |  | 10,500                        |         |        | 10,458  |       |              | 10,264         |   |   | 0.80    | %      |
|    VT Topco, Inc.                                 |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | Second lien (4)            |  | 8.94% (L + 7.00%/Q)  |  | 8/14/2018  |  | 7/31/2026           |  | 10,000                        |         |        | 9,978   |       |              | 10,025         |   |   | 0.78    | %      |
|    Quartz Holding Company                         |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | Second lien (3)            |  | 9.71% (L + 8.00%/M)  |  | 4/2/2019   |  | 4/2/2027            |  | 10,000                        |         |        | 9,813   |       |              | 9,975          |   |   | 0.78    | %      |
|    AG Parent Holdings, LLC                        |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services          |  | First lien (2)             |  | 6.91% (L + 5.00%/Q)  |  | 7/30/2019  |  | 7/31/2026           |  | 10,000                        |         |        | 9,952   |       |              | 9,925          |   |   | 0.77    | %      |
|    Stats Intermediate Holdings, LLC**             |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | First lien (2)             |  | 7.30% (L + 5.25%/S)  |  | 5/22/2019  |  | 7/10/2026           |  | 10,000                        |         |        | 9,881   |       |              | 9,775          |   |   | 0.76    | %      |
|    Affordable Care Holding Corp.                  |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services          |  | First lien (2)             |  | 6.59% (L + 4.75%/M)  |  | 3/18/2019  |  | 10/24/2022          |  | 9,897                         |         |        | 9,738   |       |              | 9,649          |   |   | 0.75    | %      |
|    Teneo Holdings, LLC                            |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | First lien (2)             |  | 6.99% (L + 5.25%/M)  |  | 7/15/2019  |  | 7/11/2025           |  | 9,975                         |         |        | 9,788   |       |              | 9,476          |   |   | 0.74    | %      |
|    AgKnowledge Holdings Company, Inc.             |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Business Services            |  | First lien (4)             |  | 6.55% (L + 4.75%/M)  |  | 11/30/2018 |  | 7/21/2023           |  | 9,355                         |         |        | 9,318   |       |              | 9,332          |   |   | 0.73    | %      |
|    Wrike, Inc.                                    |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Software                     |  | First lien (8)(9)          |  | 8.55% (L + 6.75%/M)  |  | 12/31/2018 |  | 12/31/2024          |  | 9,067                         |         |        | 8,988   |       |              | 9,067          |   |   | 0.71    | %      |
|    WD Wolverine Holdings, LLC                     |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Healthcare Services          |  | First lien (2)             |  | 7.30% (L + 5.50%/M)  |  | 2/22/2017  |  | 8/16/2022           |  | 9,014                         |         |        | 8,859   |       |              | 9,014          |   |   | 0.70    | %      |
|    Amerijet Holdings, Inc.                        |  |                            |  |                          |  |                    |  |                             |  |                                    |              |        |              |            |              |                     |
|       Distribution & Logistics |  | First lien (4)(9)          |  | 9.80% (L + 8.00%/M)  |  | 7/15/2016  |  | 7/15/2021           |  | 7,674                         |         |        | 7,653   |       |              | 7,674          |   |   |              |
|                                                                  |  | First lien (4)(9)          |  | 9.80% (L + 8.00%/M)  |  | 7/15/2016  |  | 7/15/2021           |  | 1,279                         |         |        | 1,276   |       |              | 1,279          |   |   |              |
|                                                                  |  |                            |  |                          |  |                    |  |                             |  | 8,953                         |         |        | 8,929   |       |              | 8,953          |   |   | 0.70    | %      |

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Table of Contents

|                                                                                                           |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |        |   |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------|--|-------------------------------|--|------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|-------------|--------|-------------|------------|-------------|---------------------|--------|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                                                               |  | Type ofInvestment             |  | Interest Rate (11)           |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |             | Cost   |             | Fair Value |             | Percent ofNetAssets |
|    Zywave, Inc.                                                                            |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Software                                                              |  | Second lien (4)(9)            |  | 10.95% (L + 9.00%/Q)     |  | 11/22/2016 |  | 11/17/2023          |  | $                                  | 6,980  |   |             | $          | 6,946  |                |        | $ | 6,980    |   |  |  |
|                                                                                                           |  | Second lien (4)(9)            |  | 10.84% (L + 9.00%/M)     |  | 12/3/2019  |  | 11/17/2023          |  | 600                           |        |        | 596    |       |             | 600            |   |   |               |
|                                                                                                           |  | First lien (3)(9)(10) - Drawn |  | 6.80% (L + 5.00%/M)      |  | 11/22/2016 |  | 11/17/2022          |  | 670                           |        |        | 665    |       |             | 670            |   |   |               |
|                                                                                                           |  |                               |  |                              |  |                    |  |                             |  | 8,250                         |        |        | 8,207  |       |             | 8,250          |   |   | 0.64     | %      |
|    DealerSocket, Inc.                                                                      |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Software                                                              |  | First lien (2)                |  | 6.66% (L + 4.75%/Q)      |  | 4/16/2018  |  | 4/26/2023           |  | 6,610                         |        |        | 6,576  |       |             | 6,544          |   |   |               |
|                                                                                                           |  | First lien (3)(10) - Drawn    |  | 7.05% (L + 5.25%/M)      |  | 4/16/2018  |  | 4/26/2023           |  | 168                           |        |        | 167    |       |             | 166            |   |   |               |
|                                                                                                           |  |                               |  |                              |  |                    |  |                             |  | 6,778                         |        |        | 6,743  |       |             | 6,710          |   |   | 0.52     | %      |
|    Restaurant Technologies, Inc.                                                           |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Business Services                                                     |  | Second lien (4)               |  | 8.30% (L + 6.50%/M)      |  | 9/24/2018  |  | 10/1/2026           |  | 6,722                         |        |        | 6,707  |       |             | 6,705          |   |   | 0.52     | %      |
|    CP VI Bella Midco, LLC                                                                  |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Healthcare Services                                                   |  | Second lien (3)               |  | 8.55% (L + 6.75%/M)      |  | 1/25/2018  |  | 12/29/2025          |  | 6,732                         |        |        | 6,705  |       |             | 6,657          |   |   | 0.52     | %      |
|    DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC) |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Business Services                                                     |  | Second lien (3)               |  | 8.55% (L + 6.75%/M)      |  | 1/29/2018  |  | 2/2/2026            |  | 6,732                         |        |        | 6,705  |       |             | 6,530          |   |   | 0.51     | %      |
|    Recorded Future, Inc.                                                                   |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Software                                                              |  | First lien (8)(9)             |  | 8.55% (L + 6.75%/M)      |  | 8/26/2019  |  | 7/3/2025            |  | 6,250                         |        |        | 6,220  |       |             | 6,219          |   |   | 0.48     | %      |
|    Solera LLC / Solera Finance, Inc.                                                   |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Software                                                              |  | Subordinated (3)              |  | 10.50%/S                 |  | 2/29/2016  |  | 3/1/2024            |  | 5,000                         |        |        | 4,844  |       |             | 5,316          |   |   | 0.41     | %      |
|    ADG, LLC                                                                                |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Healthcare Services                                                   |  | Second lien (3)(9)            |  | 11.92% (L + 10.00%/S)    |  | 10/3/2016  |  | 3/28/2024           |  | 5,264                         |        |        | 5,215  |       |             | 4,213          |   |   | 0.33     | %      |
|    Sphera Solutions, Inc.                                                                  |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Software                                                              |  | First lien (2)(9)             |  | 9.00% (L + 7.00%/Q)      |  | 9/10/2019  |  | 6/14/2022           |  | 2,489                         |        |        | 2,466  |       |             | 2,464          |   |   | 0.19     | %      |
|    First American Payment Systems, L.P.                                                    |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Business Services                                                     |  | First lien (2)                |  | 6.81% (L + 4.75%/Q)      |  | 1/3/2017   |  | 1/5/2024            |  | 2,034                         |        |        | 2,021  |       |             | 2,020          |   |   | 0.16     | %      |
|    Education Management Corporation (12)                                                   |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|    Education Management II LLC                                                             |  |                               |  |                              |  |                    |  |                             |  |                                    |             |        |             |            |             |                     |
|       Education                                                             |  | First lien (2)                |  | 10.25% (P + 5.50%/Q)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 208                           |        |        | 202    |       |             | 2              |   |   |               |
|                                                                                                           |  | First lien (3)                |  | 10.25% (P + 5.50%/Q)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 117                           |        |        | 114    |       |             | 1              |   |   |               |
|                                                                                                           |  | First lien (2)                |  | 14.00% (P + 8.50%/M)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 300                           |        |        | 292    |       |             | —        |   |   |               |
|                                                                                                           |  | First lien (3)                |  | 14.00% (P + 8.50%/M)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 169                           |        |        | 165    |       |             | —        |   |   |               |
|                                                                                                           |  | First lien (2)                |  | 13.25% (P + 8.50%/M)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 142                           |        |        | 117    |       |             | —        |   |   |               |
|                                                                                                           |  | First lien (2)                |  | 13.25% (P + 8.50%/M)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 4                             |        |        | 3      |       |             | —        |   |   |               |
|                                                                                                           |  | First lien (3)                |  | 13.25% (P + 8.50%/M)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 80                            |        |        | 66     |       |             | —        |   |   |               |
|                                                                                                           |  | First lien (3)                |  | 13.25% (P + 8.50%/M)(24) |  | 1/5/2015   |  | 7/2/2020            |  | 2                             |        |        | 2      |       |             | —        |   |   |               |
|                                                                                                           |  |                               |  |                              |  |                    |  |                             |  | 1,022                         |        |        | 961    |       |             | 3              |   |   | —  | %      |

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Table of Contents

|                                                                       |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |                 |               |                 |              |            |              |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------|--|-----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|------------------------------------|-----------------|--------------|-----------------|--------------|-----------------|---------------------|-----------------|---------------|-----------------|--------------|------------|--------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                           |  | Type ofInvestment                 |  | Interest Rate (11) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |                 | Cost         |                 | Fair Value   |                 | Percent ofNetAssets |
|    PPVA Fund, L.P.                                     |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       Business Services                 |  | Collateralized Financing (24)(25) |  | —            |  | 11/7/2014  |  | —                     |  | —                       |            |              | —    |         |                 | —        |            |               | —    | %            |
| Total Funded Debt Investments - United States                         |  |                                   |  |                    |  |                    |  |                             |  | $                                  | 2,408,610  |         |                 | $            | 2,385,761  |                |                 | $             | 2,375,987  |         |            | 185.12  | % |
| Total Funded Debt Investments                                         |  |                                   |  |                    |  |                    |  |                             |  | $                                  | 2,565,531  |         |                 | $            | 2,541,672  |                |                 | $             | 2,530,242  |         |            | 197.14  | % |
| Equity - Hong Kong                                                    |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|    Bach Special Limited (Bach Preference Limited)**    |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       Education                         |  | Preferred shares (3)(9)(21)       |  | —            |  | 9/1/2017   |  | —                     |  | 75,184                        |            |              | $               | 7,439   |            |                     | $               | 7,518    |            |              | 0.59  | %            |
| Total Shares - Hong Kong                                              |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | $            | 7,439      |         |                 | $                   | 7,518      |          |                 | 0.59    | %          |
| Equity - United States                                                |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|    Avatar Topco, Inc.                                  |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       Education                         |  | Preferred shares (3)(9)(22)       |  | —            |  | 11/17/2017 |  | —                     |  | 35,750                        |            |              | $               | 46,093  |            |                     | $               | 47,165   |            |              | 3.67  | %            |
|    Symplr Software Intermediate Holdings, Inc.(23)     |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       Healthcare Information Technology |  | Preferred shares (4)(9)           |  | —            |  | 11/30/2018 |  | —                     |  | 7,500                         |            |              | 8,502      |         |                 | 8,571          |            |               |                 |
|                                                                       |  | Preferred shares (3)(9)           |  | —            |  | 11/30/2018 |  | —                     |  | 2,586                         |            |              | 2,931      |         |                 | 2,955          |            |               |                 |
|                                                                       |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | 11,433  |            |              | 11,526     |                |                 | 0.90     | %               |
|    Tenawa Resource Holdings LLC (13)                   |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|    QID NGL LLC                                         |  | Ordinary shares (6)(9)            |  | —            |  | 5/12/2014  |  | —                     |  | 5,290,997                     |            |              | 5,291      |         |                 | 8,445          |            |               |                 |
|       Energy                            |  | Preferred shares (6)(9)           |  | —            |  | 10/30/2017 |  | —                     |  | 1,623,385                     |            |              | 1,623      |         |                 | 2,727          |            |               |                 |
|                                                                       |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | 6,914   |            |              | 11,172     |                |                 | 0.87     | %               |
|    Alert Holding Company, Inc. (14)                    |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|    Alert Intermediate Holdings I, Inc.                 |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       Business Services                 |  | Preferred shares (3)(9)           |  | —            |  | 5/31/2019  |  | —                     |  | 6,111                         |            |              | 6,459      |         |                 | 6,452          |            |               | 0.50       | %            |
|    Education Management Corporation(12)                |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       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     |            |              | —    |                |                 | —  | %               |
| Total Shares - United States                                          |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | $            | 71,368     |         |                 | $                   | 76,315     |          |                 | 5.94    | %          |
| Total Shares                                                          |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | $            | 78,807     |         |                 | $                   | 83,833     |          |                 | 6.53    | %          |
| Warrants - United States                                              |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|    ASP LCG Holdings, Inc.                              |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 |              |                 |              |                 |                     |
|       Education                         |  | Warrants (3)(9)                   |  | —            |  | 5/5/2014   |  | 5/5/2026            |  | 622                           |            |              | $               | 37      |            |                     | $               | 898      |            |              | 0.07  | %            |
| Total Warrants - United States                                        |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | $            | 37         |         |                 | $                   | 898        |          |                 | 0.07    | %          |
| Total Funded Investments                                              |  |                                   |  |                    |  |                    |  |                             |  |                                    |                 | $            | 2,620,516  |         |                 | $                   | 2,614,973  |          |                 | 203.74  | %          |

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Table of Contents

|                                                         |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |        |   |               |        |  |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|---------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|------------------------------------|-----------|--------|---------------|------------|-----|---------------------|--------|---|---------------|--------|--|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)             |  | Type ofInvestment               |  | Interest Rate (11) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |           | Cost   |               | Fair Value |     | Percent ofNetAssets |
| Unfunded Debt Investments - Canada                      |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|    Wolfpack IP Co.**                     |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 6/14/2019  |  | 6/13/2025           |  | $                                  | 909  |   |               | $          | (9) |                |        | $ | (9)           |   |  | (0.00)        | % |
| Total Unfunded Debt Investments - Canada                |  |                                 |  |                    |  |                    |  |                             |  | $                                  | 909  |   |               | $          | (9) |                |        | $ | (9)           |   |  | (0.00)        | % |
| Unfunded Debt Investments - United States               |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|    NM GRC Holdco, LLC                    |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Business Services   |  | First lien (2)(9)(10) - Undrawn |  | —            |  | 2/9/2018   |  | 2/9/2020            |  | $                                  | 771  |   |               | $          | (2) |                |        | $ | —  |   |  | —  | % |
|    Ministry Brands, LLC                  |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 12/7/2016  |  | 12/2/2022           |  | 800                           |      |        | (4)           |       |     | —        |   |   | —  | %      |
|    Wrike, Inc.                           |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 12/31/2018 |  | 12/31/2024          |  | 933                           |      |        | (9)           |       |     | —        |   |   | —  | %      |
|    Xactly Corporation                    |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 7/31/2017  |  | 7/29/2022           |  | 992                           |      |        | (10)          |       |     | —        |   |   | —  | %      |
|    Zywave, Inc.                          |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 11/22/2016 |  | 11/17/2022          |  | 1,330                         |      |        | (10)          |       |     | —        |   |   | —  | %      |
|    JAMF Holdings, Inc.                   |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 11/13/2017 |  | 11/11/2022          |  | 1,086                         |      |        | (10)          |       |     | —        |   |   | —  | %      |
|    Trader Interactive, LLC               |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Business Services   |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 6/15/2017  |  | 6/15/2023           |  | 1,673                         |      |        | (13)          |       |     | —        |   |   | —  | %      |
|    DCA Investment Holding, LLC           |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Healthcare Services |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 4/16/2019  |  | 4/16/2021           |  | 20,426                        |      |        | —  |       |     | —        |   |   |               |
|                                                         |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 7/2/2015   |  | 7/2/2021            |  | 1,492                         |      |        | (15)          |       |     | —        |   |   |               |
|                                                         |  |                                 |  |                    |  |                    |  |                             |  | 21,918                        |      |        | (15)          |       |     | —        |   |   | —  | %      |
|    Affinity Dental Management, Inc.      |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Healthcare Services |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 9/15/2017  |  | 3/15/2023           |  | 1,738                         |      |        | (17)          |       |     | —        |   |   | —  | %      |
|    Integral Ad Science, Inc.             |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 7/19/2018  |  | 7/19/2023           |  | 1,807                         |      |        | (18)          |       |     | —        |   |   | —  | %      |
|    Finalsite Holdings, Inc.              |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 9/25/2018  |  | 9/25/2024           |  | 2,521                         |      |        | (19)          |       |     | —        |   |   | —  | %      |
|    TDG Group Holding Company             |  |                                 |  |                    |  |                    |  |                             |  |                                    |           |        |               |            |     |                     |
|       Consumer Services   |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 5/22/2018  |  | 5/31/2024           |  | 5,044                         |      |        | (25)          |       |     | —        |   |   | —  | %      |

----

Table of Contents

|                                                         |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |        |   |               |        |  |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|---------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|------------------------------------|-------------|--------|---------------|------------|------|---------------------|--------|---|---------------|--------|--|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)             |  | Type ofInvestment               |  | Interest Rate (11) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |             | Cost   |               | Fair Value |      | Percent ofNetAssets |
|    iCIMS, Inc.                           |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 9/12/2018  |  | 9/12/2024           |  | $                                  | 2,915  |   |               | $          | (29) |                |        | $ | —  |   |  | —  | % |
|    Associations, Inc.                    |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Business Services   |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 7/30/2018  |  | 7/30/2021           |  | 3,161                         |        |        | (20)          |       |      | —        |   |   |               |
|                                                         |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 7/30/2018  |  | 7/30/2024           |  | 2,033                         |        |        | (13)          |       |      | —        |   |   |               |
|                                                         |  |                                 |  |                    |  |                    |  |                             |  | 5,194                         |        |        | (33)          |       |      | —        |   |   | —  | %      |
|    Integro Parent Inc.                   |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Business Services   |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 6/8/2018   |  | 4/30/2022           |  | 6,743                         |        |        | (34)          |       |      | —        |   |   | —  | %      |
|    Diligent Corporation                  |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 12/19/2018 |  | 12/19/2020          |  | 5,977                         |        |        | (37)          |       |      | —        |   |   | —  | %      |
|    PhyNet Dermatology LLC                |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Healthcare Services |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 9/17/2018  |  | 8/16/2020           |  | 17,077                        |        |        | (85)          |       |      | —        |   |   | —  | %      |
|    AgKnowledge Holdings Company, Inc.    |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Business Services   |  | First lien (3)(10) - Undrawn    |  | —            |  | 11/30/2018 |  | 7/21/2023           |  | 526                           |        |        | (3)           |       |      | (1)                 |   |   | (0.00)        | %      |
|    DealerSocket, Inc.                    |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(10) - Undrawn    |  | —            |  | 4/16/2018  |  | 4/26/2023           |  | 392                           |        |        | (3)           |       |      | (4)                 |   |   | (0.00)        | %      |
|    Recorded Future, Inc.                 |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 8/26/2019  |  | 1/3/2021            |  | 500                           |        |        | (3)           |       |      | (3)                 |   |   |               |
|                                                         |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 8/26/2019  |  | 7/3/2025            |  | 750                           |        |        | (4)           |       |      | (4)                 |   |   |               |
|                                                         |  |                                 |  |                    |  |                    |  |                             |  | 1,250                         |        |        | (7)           |       |      | (7)                 |   |   | (0.00)        | %      |
|    PaySimple, Inc.                       |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(10) - Undrawn    |  | —            |  | 8/19/2019  |  | 8/24/2020           |  | 2,289                         |        |        | —  |       |      | (11)                |   |   | (0.00)        | %      |
|    Alert Holding Company, Inc. (14)      |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|    Appriss Holdings, Inc.                |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Business Services   |  | First lien (3)(10) - Undrawn    |  | —            |  | 5/24/2019  |  | 5/30/2025           |  | 930                           |        |        | (9)           |       |      | (14)                |   |   | (0.00)        | %      |
|    Bullhorn, Inc.                        |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 9/24/2019  |  | 10/1/2021           |  | 1,135                         |        |        | (9)           |       |      | (9)                 |   |   |               |
|                                                         |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 9/24/2019  |  | 10/1/2025           |  | 852                           |        |        | (6)           |       |      | (6)                 |   |   |               |
|                                                         |  |                                 |  |                    |  |                    |  |                             |  | 1,987                         |        |        | (15)          |       |      | (15)                |   |   | (0.00)        | %      |
|    Bluefin Holding, LLC                  |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Software            |  | First lien (3)(10) - Undrawn    |  | —            |  | 9/6/2019   |  | 9/6/2024            |  | 1,515                         |        |        | (23)          |       |      | (15)                |   |   | (0.00)        | %      |
|    CFS Management, LLC                   |  |                                 |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |      |                     |
|       Healthcare Services |  | First lien (3)(9)(10) - Undrawn |  | —            |  | 8/6/2019   |  | 7/1/2024            |  | 3,468                         |        |        | (17)          |       |      | (17)                |   |   | (0.00)        | %      |

----

Table of Contents

|                                                                       |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |        |   |        |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|------------------------------------|-------------|--------|---------------|------------|-----|---------------------|--------|---|--------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                           |  | Type ofInvestment                |  | Interest Rate (11) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |             | Cost   |               | Fair Value |     | Percent ofNetAssets |
|    Conservice, LLC                                     |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Business Services                 |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 1/3/2019   |  | 11/29/2024          |  | $                                  | 1,360  |   |               | $          | (7) |                |        | $ | (7)    |   |  |  |
|                                                                       |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 1/3/2019   |  | 6/30/2020           |  | 2,283                         |        |        | —  |       |     | (11)                |   |   |        |
|                                                                       |  |                                  |  |                    |  |                    |  |                             |  | 3,643                         |        |        | (7)           |       |     | (18)                |   |   | (0.00) | %      |
|    ConnectWise, LLC                                    |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Software                          |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 11/26/2019 |  | 2/28/2025           |  | 4,248                         |        |        | (27)          |       |     | (27)                |   |   | (0.00) | %      |
|    CoolSys, Inc.                                       |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Industrial Services               |  | First lien (3)(10) - Undrawn     |  | —            |  | 11/20/2019 |  | 11/19/2021          |  | 5,600                         |        |        | —  |       |     | (28)                |   |   | (0.00) | %      |
|    YLG Holdings, Inc.                                  |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Business Services                 |  | First lien (5)(10) - Undrawn     |  | —            |  | 11/1/2019  |  | 4/30/2021           |  | 2,381                         |        |        | —  |       |     | (12)                |   |   |        |
|                                                                       |  | First lien (3)(10) - Undrawn     |  | —            |  | 11/1/2019  |  | 10/31/2025          |  | 3,968                         |        |        | (20)          |       |     | (20)                |   |   |        |
|                                                                       |  |                                  |  |                    |  |                    |  |                             |  | 6,349                         |        |        | (20)          |       |     | (32)                |   |   | (0.00) | %      |
|    Kaseya Traverse Inc.                                |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Software                          |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 5/9/2019   |  | 5/3/2021            |  | 2,873                         |        |        | —  |       |     | (29)                |   |   |        |
|                                                                       |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 5/9/2019   |  | 5/2/2025            |  | 991                           |        |        | (10)          |       |     | (10)                |   |   |        |
|                                                                       |  |                                  |  |                    |  |                    |  |                             |  | 3,864                         |        |        | (10)          |       |     | (39)                |   |   | (0.00) | %      |
|    Apptio, Inc.                                        |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Software                          |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 1/10/2019  |  | 1/10/2025           |  | 2,066                         |        |        | (41)          |       |     | (41)                |   |   | (0.00) | %      |
|    Definitive Healthcare Holdings, LLC                 |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Healthcare Information Technology |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 8/7/2019   |  | 7/16/2021           |  | 7,391                         |        |        | —  |       |     | (37)                |   |   |        |
|                                                                       |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 8/7/2019   |  | 7/16/2024           |  | 1,848                         |        |        | (9)           |       |     | (9)                 |   |   |        |
|                                                                       |  |                                  |  |                    |  |                    |  |                             |  | 9,239                         |        |        | (9)           |       |     | (46)                |   |   | (0.01) | %      |
|    Pathway Vet Alliance LLC                            |  |                                  |  |                    |  |                    |  |                             |  |                                    |             |        |               |            |     |                     |
|       Consumer Services                 |  | First lien (4)(9)(10) - Undrawn  |  | —            |  | 11/14/2019 |  | 10/11/2021          |  | 3,821                         |        |        | —  |       |     | (19)                |   |   |        |
|                                                                       |  | First lien (3)(9)(10) - Undrawn  |  | —            |  | 11/14/2019 |  | 10/11/2021          |  | 1,274                         |        |        | —  |       |     | (6)                 |   |   |        |
|                                                                       |  | Second lien (4)(9)(10) - Undrawn |  | —            |  | 11/14/2019 |  | 10/11/2021          |  | 7,453                         |        |        | —  |       |     | (56)                |   |   |        |
|                                                                       |  | Second lien (3)(9)(10) - Undrawn |  | —            |  | 11/14/2019 |  | 10/11/2021          |  | 2,484                         |        |        | —  |       |     | (19)                |   |   |        |
|                                                                       |  |                                  |  |                    |  |                    |  |                             |  | 15,032                        |        |        | —  |       |     | (100)               |   |   | (0.01) | %      |

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Table of Contents

|                                                        |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |                 |              |              |              |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|--|---------------------------------|--|---------------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|---------------|--------|-----------------|--------------|---------------|---------------------|-----------------|--------------|--------------|--------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)            |  | Type ofInvestment               |  | Interest Rate (11)                    |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |               | Cost   |                 | Fair Value   |               | Percent ofNetAssets |
|    GC Waves Holdings, Inc.**            |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Business Services  |  | First lien (3)(9)(10) - Undrawn |  | —                               |  | 10/31/2019 |  | 11/1/2021           |  | $                                  | 9,877    |   |                 | $            | —  |                |                 | $            | (74)         |         |            |            |
|                                                        |  | First lien (3)(9)(10) - Undrawn |  | —                               |  | 10/31/2019 |  | 10/31/2025          |  | 3,951                         |          |        | (30)            |         |               | (30)                |            |              |              |
|                                                        |  |                                 |  |                                       |  |                    |  |                             |  | 13,828                        |          |        | (30)            |         |               | (104)               |            |              | (0.01)       | %            |
|    Ansira Holdings, Inc.                |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Business Services  |  | First lien (3)(10) - Undrawn    |  | —                               |  | 12/19/2016 |  | 4/16/2020           |  | 2,437                         |          |        | (6)             |         |               | (122)               |            |              | (0.01)       | %            |
|    GS Acquisitionco, Inc.               |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Software           |  | First lien (3)(9)(10) - Undrawn |  | —                               |  | 8/7/2019   |  | 8/2/2021            |  | 35,103                        |          |        | —    |         |               | (219)               |            |              |              |
|                                                        |  | First lien (3)(9)(10) - Undrawn |  | —                               |  | 8/7/2019   |  | 5/25/2024           |  | 1,975                         |          |        | (12)            |         |               | (12)                |            |              |              |
|                                                        |  |                                 |  |                                       |  |                    |  |                             |  | 37,078                        |          |        | (12)            |         |               | (231)               |            |              | (0.02)       | %            |
|    Salient CRGT Inc.                    |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Federal Services   |  | First lien (3)(10) - Undrawn    |  | —                               |  | 6/26/2018  |  | 11/29/2021          |  | 6,125                         |          |        | (490)           |         |               | (291)               |            |              | (0.03)       | %            |
| Total Unfunded Debt Investments - United States        |  |                                 |  |                                       |  |                    |  |                             |  | $                                  | 200,385  |   |                 | $            | (1,099)       |                |                 | $            | (1,163)      |         |            | (0.09)     | % |
| Total Unfunded Debt Investments                        |  |                                 |  |                                       |  |                    |  |                             |  | $                                  | 201,294  |   |                 | $            | (1,108)       |                |                 | $            | (1,172)      |         |            | (0.09)     | % |
| Total Non-Controlled/Non-Affiliated Investments    |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               | $      | 2,619,408  |         |               | $                   | 2,613,801  |         |              | 203.65  | %          |
| Non-Controlled/Affiliated Investments(26)          |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
| Funded Debt Investments - United States                |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|    Permian Holdco 1, Inc.               |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|    Permian Holdco 2, Inc.               |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|    Permian Holdco 3, Inc.               |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Energy             |  | First lien (3)(9)               |  | 14.28% (L + 7.50% + 5.00% PIK/Q)* |  | 6/14/2018  |  | 6/30/2022           |  | $                                  | 10,523   |   |                 | $            | 10,523   |                |                 | $            | 10,523  |         |            |            |
|                                                        |  | First lien (3)(9)(10) - Drawn   |  | 8.24% (L + 6.50%/M)               |  | 6/14/2018  |  | 6/30/2022           |  | 17,750                        |          |        | 17,750     |         |               | 17,750         |            |              |              |
|                                                        |  | Subordinated (3)(9)             |  | 18.00% PIK/Q*                     |  | 12/26/2018 |  | 6/30/2022           |  | 2,876                         |          |        | 2,876      |         |               | 2,732          |            |              |              |
|                                                        |  | Subordinated (3)(9)             |  | 14.00% PIK/Q*                     |  | 10/31/2016 |  | 10/15/2021          |  | 2,642                         |          |        | 2,642      |         |               | 2,246          |            |              |              |
|                                                        |  | Subordinated (3)(9)             |  | 14.00% PIK/Q*                     |  | 10/31/2016 |  | 10/15/2021          |  | 1,361                         |          |        | 1,361      |         |               | 1,157          |            |              |              |
|                                                        |  |                                 |  |                                       |  |                    |  |                             |  | 35,152                        |          |        | 35,152     |         |               | 34,408         |            |              | 2.68    | %            |
|    Sierra Hamilton Holdings Corporation |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Energy             |  | Second lien (3)(9)              |  | 15.00% PIK/Q*                     |  | 9/12/2019  |  | 9/12/2023           |  | 1,442                         |          |        | 1,410      |         |               | 1,406          |            |              | 0.11    | %            |
| Total Funded Debt Investments - United States          |  |                                 |  |                                       |  |                    |  |                             |  | $                                  | 36,594   |   |                 | $            | 36,562   |                |                 | $            | 35,814  |         |            | 2.79  | % |
| Equity - United States                                 |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|    NMFC Senior Loan Program I LLC**     |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |        |                 |              |               |                     |
|       Investment Fund    |  | Membership interest (3)(9)      |  | —                               |  | 6/13/2014  |  | —                     |  | —                       |          |        | $               | 23,000  |          |                     | $               | 23,000  |         |              | 1.80  | %          |

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Table of Contents

|                                                                                 |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |              |             |               |            |   |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------|--|---------------------------------|--|---------------------------------------|--|--------------------|--|-----------------------------|--|------------------------------------|---------------|--------------|--------------|--------------|---------------|---------------------|--------------|-------------|---------------|------------|---|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                                     |  | Type ofInvestment               |  | Interest Rate (11)                    |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |               | Cost         |              | Fair Value   |               | Percent ofNetAssets |
|    Sierra Hamilton Holdings Corporation                          |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|       Energy                                      |  | Ordinary shares (2)(9)          |  | —                               |  | 7/31/2017  |  | —                     |  | 25,000,000                    |          |              | $            | 11,501  |          |                     | $            | 7,648  |          |            |   |
|                                                                                 |  | Ordinary shares (3)(9)          |  | —                               |  | 7/31/2017  |  | —                     |  | 2,786,000                     |          |              | 1,281   |         |               | 852            |         |             |               |
|                                                                                 |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               | 12,782  |         |              | 8,500    |                |              | 0.66   | %             |
|    Permian Holdco 1, Inc.                                        |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|       Energy                                      |  | Preferred shares (3)(9)(16)(24) |  | —                               |  | 10/31/2016 |  | —                     |  | 1,987,848                     |          |              | 9,131   |         |               | 6,013          |         |             |               |
|                                                                                 |  | Ordinary shares (3)(9)          |  | —                               |  | 10/31/2016 |  | —                     |  | 1,366,452                     |          |              | 1,350   |         |               | 200            |         |             |               |
|                                                                                 |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               | 10,481  |         |              | 6,213    |                |              | 0.48   | %             |
| Total Shares - United States                                                    |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               | $            | 46,263  |         |               | $                   | 37,713  |        |               | 2.94  | % |
| Total Funded Investments                                                        |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               | $            | 82,825  |         |               | $                   | 73,527  |        |               | 5.73  | % |
| Unfunded Debt Investments - United States                                       |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|    Permian Holdco 3, Inc.                                        |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|       Energy                                      |  | First lien (3)(9)(10) - Undrawn |  | —                               |  | 6/14/2018  |  | 6/30/2022           |  | $                                  | 2,250    |         |              | $            | —  |                |              | $           | —  |       |   | —  | % |
| Total Unfunded Debt Investments - United States                                 |  |                                 |  |                                       |  |                    |  |                             |  | $                                  | 2,250    |         |              | $            | —  |                |              | $           | —  |       |   | —  | % |
| Total Non-Controlled/Affiliated Investments                                 |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               | $            | 82,825  |         |               | $                   | 73,527  |        |               | 5.73  | % |
| Controlled Investments(27)                                                      |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
| Funded Debt Investments - United States                                         |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|    Edmentum Ultimate Holdings, LLC (15)                          |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|    Edmentum, Inc. (fka Plato, Inc.) (Archipelago Learning, Inc.) |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|       Education                                   |  | First lien (2)                  |  | 10.43% (L + 4.50% + 4.00% PIK/Q)* |  | 8/6/2018   |  | 6/9/2021            |  | $                                  | 10,112   |         |              | $            | 9,173    |                |              | $           | 10,112   |       |   |               |
|                                                                                 |  | Second lien (3)(9)              |  | 7.00% PIK/Q*                      |  | 2/23/2018  |  | 12/9/2021           |  | 11,999                        |          |              | 11,579  |         |               | 11,999         |         |             |               |
|                                                                                 |  | Second lien (3)(9)(10) - Drawn  |  | 5.00% PIK/Q*                      |  | 6/9/2015   |  | 12/9/2021           |  | 7,586                         |          |              | 7,586   |         |               | 7,586          |         |             |               |
|                                                                                 |  | Subordinated (3)(9)             |  | 8.50% PIK/Q*                      |  | 6/9/2015   |  | 12/9/2021           |  | 5,326                         |          |              | 5,324   |         |               | 5,326          |         |             |               |
|                                                                                 |  | Subordinated (2)(9)             |  | 10.00% PIK/Q*                     |  | 6/9/2015   |  | 12/9/2021           |  | 20,476                        |          |              | 20,476  |         |               | 19,333         |         |             |               |
|                                                                                 |  | Subordinated (3)(9)             |  | 10.00% PIK/Q*                     |  | 6/9/2015   |  | 12/9/2021           |  | 5,037                         |          |              | 5,037   |         |               | 4,756          |         |             |               |
|                                                                                 |  |                                 |  |                                       |  |                    |  |                             |  | 60,536                        |          |              | 59,175  |         |               | 59,112         |         |             | 4.61     | %          |
|    NHME Holdings Corp. (20)                                      |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|    National HME, Inc.                                            |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|       Healthcare Services                         |  | Second lien (3)(9)              |  | 12.00% PIK/Q*                     |  | 11/27/2018 |  | 5/27/2024           |  | 16,532                        |          |              | 13,054  |         |               | 11,985         |         |             |               |
|                                                                                 |  | Second lien (3)(9)              |  | 12.00% PIK/Q*                     |  | 11/27/2018 |  | 5/27/2024           |  | 9,136                         |          |              | 8,279   |         |               | 7,994          |         |             |               |
|                                                                                 |  |                                 |  |                                       |  |                    |  |                             |  | 25,668                        |          |              | 21,333  |         |               | 19,979         |         |             | 1.56     | %          |
|    UniTek Global Services, Inc.                                  |  |                                 |  |                                       |  |                    |  |                             |  |                                    |               |              |              |              |               |                     |
|       Business Services                           |  | First lien (2)(9)               |  | 8.41% (L + 5.50% + 1.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024           |  | 12,448                        |          |              | 12,448  |         |               | 11,068         |         |             |               |
|                                                                                 |  | First lien (2)(9)               |  | 8.41% (L + 5.50% + 1.00% PIK/Q)*  |  | 6/29/2018  |  | 8/20/2024           |  | 2,490                         |          |              | 2,490   |         |               | 2,214          |         |             |               |
|                                                                                 |  |                                 |  |                                       |  |                    |  |                             |  | 14,938                        |          |              | 14,938  |         |               | 13,282         |         |             | 1.03     | %          |
| Total Funded Debt Investments - United States                                   |  |                                 |  |                                       |  |                    |  |                             |  | $                                  | 101,142  |         |              | $            | 95,446   |                |              | $           | 92,373   |       |   | 7.20     | % |

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Table of Contents

|                                                         |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |              |               |            |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|-----------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|------------------------------------|--------|--------------|--------------|---------------|--------------|---------------------|--------------|---------------|------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)             |  | Type ofInvestment           |  | Interest Rate (11) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |        | Cost         |              | Fair Value    |              | Percent ofNetAssets |
| Equity - Canada                                         |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|   NM APP Canada Corp.**                       |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 9/13/2016  |  | —                     |  | —                       |   |              | $            | 7,345    |         |                     | $            | 10,774   |       |            | 0.84  | % |
| Total Shares - Canada                                   |  |                             |  |                    |  |                    |  |                             |  |                                    |        | $            | 7,345   |          |              | $                   | 10,774  |          |            | 0.84  | %          |
| Equity - United States                                  |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|    NMFC Senior Loan Program III LLC**    |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Investment Fund     |  | Membership interest (3)(9)  |  | —            |  | 5/4/2018   |  | —                     |  | —                       |   |              | $            | 100,000  |         |                     | $            | 100,000  |       |            | 7.80  | % |
|    NMFC Senior Loan Program II LLC**     |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Investment Fund     |  | Membership interest (3)(9)  |  | —            |  | 5/3/2016   |  | —                     |  | —                       |   |              | 79,400  |          |              | 79,400         |         |               | 6.20  | %          |
|    UniTek Global Services, Inc.          |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Business Services   |  | Preferred shares (3)(9)(19) |  | —            |  | 8/29/2019  |  | —                     |  | 3,492,227                     |   |              | 3,492   |          |              | 3,347          |         |               |            |
|                                                         |  | Preferred shares (3)(9)(19) |  | —            |  | 8/17/2018  |  | —                     |  | 8,594,292                     |   |              | 8,594   |          |              | 7,979          |         |               |            |
|                                                         |  | Preferred shares (3)(9)(18) |  | —            |  | 6/30/2017  |  | —                     |  | 15,747,272                    |   |              | 15,747  |          |              | 13,909         |         |               |            |
|                                                         |  | Preferred shares (2)(9)(17) |  | —            |  | 1/13/2015  |  | —                     |  | 28,369,088                    |   |              | 25,989  |          |              | 22,766         |         |               |            |
|                                                         |  | Preferred shares (3)(9)(17) |  | —            |  | 1/13/2015  |  | —                     |  | 7,839,866                     |   |              | 7,182   |          |              | 6,292          |         |               |            |
|                                                         |  | Ordinary shares (2)(9)      |  | —            |  | 1/13/2015  |  | —                     |  | 2,096,477                     |   |              | 1,925   |          |              | 270            |         |               |            |
|                                                         |  | Ordinary shares (3)(9)      |  | —            |  | 1/13/2015  |  | —                     |  | 1,993,749                     |   |              | 532     |          |              | 256            |         |               |            |
|                                                         |  |                             |  |                    |  |                    |  |                             |  |                                    |        | 63,461  |         |               | 54,819  |                |              | 4.27     | %          |
|    NM NL Holdings, L.P.**                |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 6/20/2018  |  | —                     |  | —                       |   |              | 44,070  |          |              | 48,308         |         |               | 3.76  | %          |
|    NM GLCR LP                            |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 2/1/2018   |  | —                     |  | —                       |   |              | 14,750  |          |              | 23,800         |         |               | 1.85  | %          |
|    NM CLFX LP                            |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 10/6/2017  |  | —                     |  | —                       |   |              | 12,538  |          |              | 12,723         |         |               | 0.99  | %          |
|    NM APP US LLC                         |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 9/13/2016  |  | —                     |  | —                       |   |              | 5,080   |          |              | 6,834          |         |               | 0.53  | %          |
|    NM YI, LLC                            |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 9/30/2019  |  | —                     |  | —                       |   |              | 6,272   |          |              | 6,339          |         |               | 0.49  | %          |
|    NM DRVT LLC                           |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 11/18/2016 |  | —                     |  | —                       |   |              | 5,152   |          |              | 6,016          |         |               | 0.46  | %          |
|    NHME Holdings Corp.(20)               |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Healthcare Services |  | Ordinary shares (3)(9)      |  | —            |  | 11/27/2018 |  | —                     |  | 640,000                       |   |              | 4,000   |          |              | 4,000          |         |               | 0.31  | %          |
|    NM JRA LLC                            |  |                             |  |                    |  |                    |  |                             |  |                                    |        |              |              |               |              |                     |
|       Net Lease           |  | Membership interest (7)(9)  |  | —            |  | 8/12/2016  |  | —                     |  | —                       |   |              | 2,043   |          |              | 3,700          |         |               | 0.29  | %          |

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Table of Contents

|                                                                                 |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |                 |              |               |              |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------|--|----------------------------------|--|--------------------|--|--------------------|--|-----------------------------|--|------------------------------------|-----------|----------|-----------------|------------|---------------|---------------------|-----------------|--------------|---------------|--------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company, Location and Industry(1)                                     |  | Type ofInvestment                |  | Interest Rate (11) |  | Acquisition Date   |  | Maturity/ExpirationDate |  | PrincipalAmount,Par Valueor Shares |           | Cost     |                 | Fair Value |               | Percent ofNetAssets |
|    Edmentum Ultimate Holdings, LLC (15)                          |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|       Education                                   |  | Ordinary shares (3)(9)           |  | —            |  | 6/9/2015   |  | —                     |  | 123,968                       |      |          | $               | 11    |          |                     | $               | 1,806   |          |              |            |
|                                                                                 |  | Ordinary shares (2)(9)           |  | —            |  | 6/9/2015   |  | —                     |  | 107,143                       |      |          | 9          |       |               | 1,561          |            |              |               |
|                                                                                 |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | 20  |            |            | 3,367    |                |                 | 0.26    | %             |
|    NM KRLN LLC                                                   |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|       Net Lease                                   |  | Membership interest (7)(9)       |  | —            |  | 11/15/2016 |  | —                     |  | —                       |      |          | 7,510      |       |               | 2,379          |            |              | 0.19     | %            |
|    NM GP Holdco, LLC**                                           |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|       Net Lease                                   |  | Membership interest (7)(9)       |  | —            |  | 6/20/2018  |  | —                     |  | —                       |      |          | 452        |       |               | 487            |            |              | 0.04     | %            |
| Total Shares - United States                                                    |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | $        | 344,748    |       |               | $                   | 352,172    |         |               | 27.44   | %          |
| Total Shares                                                                    |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | $        | 352,093    |       |               | $                   | 362,946    |         |               | 28.28   | %          |
| Warrants - United States                                                        |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|    Edmentum Ultimate Holdings, LLC(15)                           |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|       Education                                   |  | Warrants (3)(9)                  |  | —            |  | 2/23/2018  |  | 5/5/2026            |  | 1,141,846                     |      |          | $               | 769   |          |                     | $               | 16,633  |          |              | 1.29  | %             |
|    NHME Holdings Corp.(20)                                       |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|       Healthcare Services                         |  | Warrants (3)(9)                  |  | —            |  | 11/27/2018 |  | —                     |  | 160,000                       |      |          | 1,000      |       |               | 1,000          |            |              | 0.08     | %            |
| Total Warrants - United States                                                  |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | $        | 1,769      |       |               | $                   | 17,633     |         |               | 1.37    | %          |
| Total Funded Investments                                                        |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | $        | 449,308    |       |               | $                   | 472,952    |         |               | 36.85   | %          |
| Unfunded Debt Investments - United States                                       |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|    Edmentum Ultimate Holdings, LLC (15)                          |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|    Edmentum, Inc. (fka Plato, Inc.) (Archipelago Learning, Inc.) |  |                                  |  |                    |  |                    |  |                             |  |                                    |           |          |                 |            |               |                     |
|       Education                                   |  | Second lien (3)(9)(10) - Undrawn |  | —            |  | 6/9/2015   |  | 12/9/2021           |  | $                                  | 298  |     |                 | $          | —  |                |                 | $            | —  |         |            | —  | % |
| Total Unfunded Debt Investments - United States                                 |  |                                  |  |                    |  |                    |  |                             |  | $                                  | 298  |     |                 | $          | —  |                |                 | $            | —  |         |            | —  | % |
| Total Controlled Investments                                                    |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | $        | 449,308    |       |               | $                   | 472,952    |         |               | 36.85   | %          |
| Total Investments                                                               |  |                                  |  |                    |  |                    |  |                             |  |                                    |           | $        | 3,151,541  |       |               | $                   | 3,160,280  |         |               | 246.23  | %          |

|  |  |  |
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|                                                                                  |  |                                 |              |                    |             |                     |               |                          |        |                                                             |               |                                 |  |                |               |                |              |             |               |             |        |   |               |        |  |          |               |        |  |   |             |        |  |   |             |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|---------------------------------|--------------|--------------------|-------------|---------------------|---------------|--------------------------|--------|-------------------------------------------------------------|---------------|---------------------------------|--|----------------|---------------|----------------|--------------|-------------|---------------|-------------|--------|---|---------------|--------|--|----------|---------------|--------|--|---|-------------|--------|--|---|-------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                           |  | Fair Value at December 31, 2018 |              | GrossAdditions (A) |             | GrossRedemptions(B) |               | NetRealizedGains(Losses) |        | Net Change InUnrealizedAppreciation(Depreciation) |               | Fair Value at December 31, 2019 |  | InterestIncome |               | DividendIncome |              | OtherIncome |
| NMFC Senior Loan Program I LLC                                                   |  | $                               | 23,000  |               |             | $                   | —  |                     |        | $                                                           | —  |                            |  | $              | —  |           |              | $           | —  |        |        | $ | 23,000   |   |  | $        | —  |   |  | $ | 3,073  |   |  | $ | 1,142  |   |
| Permian Holdco 1, Inc. / Permian Holdco 2, Inc. / Permian Holdco 3, Inc. |  | 41,966                     |         |                    | 3,077  |                |               | (100)                    |   |                                                             | —  |                            |  | (4,322)        |          |                | 40,621  |        |               | 4,101  |   |   | 1,219    |   |  | 49  |          |
| Sierra Hamilton Holdings Corporation                                             |  | 12,527                     |         |                    | 1,410  |                |               | —             |   |                                                             | —  |                            |  | (4,031)        |          |                | 9,906   |        |               | 65     |   |   | —  |   |  | 45  |          |
| Total Non-Controlled/Affiliated Investments                                  |  | $                               | 77,493  |               |             | $                   | 4,487    |                     |        | $                                                           | (100)         |                            |  | $              | —  |           |              | $           | (8,353)       |        |        | $ | 73,527   |   |  | $        | 4,166    |   |  | $ | 4,292  |   |  | $ | 1,236  |   |

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|                                                   |  |                                 |               |                   |               |                     |              |                                |        |                                                             |               |                                 |  |                |          |                |               |             |              |               |        |   |               |        |  |               |              |        |  |   |               |        |  |   |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------|--|---------------------------------|---------------|-------------------|---------------|---------------------|--------------|--------------------------------|--------|-------------------------------------------------------------|---------------|---------------------------------|--|----------------|----------|----------------|---------------|-------------|--------------|---------------|--------|---|---------------|--------|--|---------------|--------------|--------|--|---|---------------|--------|--|---|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                            |  | Fair Value at December 31, 2018 |               | GrossAdditions(A) |               | GrossRedemptions(B) |              | Net RealizedGains(Losses) |        | Net Change InUnrealizedAppreciation(Depreciation) |               | Fair Value at December 31, 2019 |  | InterestIncome |          | DividendIncome |               | OtherIncome |
| Edmentum Ultimate Holdings, LLC/Edmentum Inc. |  | $                               | 45,011   |              |               | $                   | 14,850  |                           |        | $                                                           | (3,129)       |                            |  | $              | 18  |           |               | $           | 22,380  |          |        | $ | 79,112   |   |  | $             | 5,781   |   |  | $ | —  |   |  | $ | 17   |   |
| National HME, Inc./NHME Holdings Corp.        |  | 22,722                     |          |                   | 3,501    |                |              | —                   |   |                                                             | —  |                            |  | (1,244)        |     |                | 24,979   |        |              | 3,501    |   |   | —  |   |  | —  |         |
| NM APP Canada, Corp.                              |  | 9,727                      |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | 1,047     |     |                | 10,774   |        |              | —  |   |   | 920      |   |  | —  |         |
| NM APP US LLC                                     |  | 5,912                      |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | 922       |     |                | 6,834    |        |              | —  |   |   | 527      |   |  | —  |         |
| NM CLFX LP                                        |  | 12,770                     |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | (47)           |     |                | 12,723   |        |              | —  |   |   | 1,550    |   |  | —  |         |
| NM DRVT LLC                                       |  | 5,619                      |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | 397       |     |                | 6,016    |        |              | —  |   |   | 565      |   |  | —  |         |
| NM JRA LLC                                        |  | 2,537                      |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | 1,163     |     |                | 3,700    |        |              | —  |   |   | 252      |   |  | —  |         |
| NM GLCR LP                                        |  | 20,343                     |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | 3,457     |     |                | 23,800   |        |              | —  |   |   | 1,761    |   |  | —  |         |
| NM KRLN LLC                                       |  | 4,205                      |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | (1,826)        |     |                | 2,379    |        |              | —  |   |   | 832      |   |  | —  |         |
| NM NL Holdings, L.P.                              |  | 33,392                     |          |                   | 11,492   |                |              | —                   |   |                                                             | —  |                            |  | 3,424     |     |                | 48,308   |        |              | —  |   |   | 3,692    |   |  | —  |         |
| NM GP Holdco, LLC                                 |  | 311                        |          |                   | 145      |                |              | —                   |   |                                                             | —  |                            |  | 31        |     |                | 487      |        |              | —  |   |   | 36       |   |  | —  |         |
| NM YI, LLC                                        |  | —                    |          |                   | 6,272    |                |              | —                   |   |                                                             | —  |                            |  | 67        |     |                | 6,339    |        |              | —  |   |   | 240      |   |  | —  |         |
| NMFC Senior Loan Program II LLC                   |  | 79,400                     |          |                   | —  |                |              | —                   |   |                                                             | —  |                            |  | —   |     |                | 79,400   |        |              | —  |   |   | 11,116   |   |  | —  |         |
| NMFC Senior Loan Program III LLC                  |  | 78,400                     |          |                   | 21,600   |                |              | —                   |   |                                                             | —  |                            |  | —   |     |                | 100,000  |        |              | —  |   |   | 10,520   |   |  | —  |         |
| UniTek Global Services, Inc.                      |  | 82,788                     |          |                   | 12,225   |                |              | (151)                          |   |                                                             | —  |                            |  | (26,761)       |     |                | 68,101   |        |              | 1,246    |   |   | 8,918    |   |  | 600      |         |
| Total Controlled Investments                      |  | $                               | 403,137  |              |               | $                   | 70,085  |                           |        | $                                                           | (3,280)       |                            |  | $              | 18  |           |               | $           | 3,010   |          |        | $ | 472,952  |   |  | $             | 10,528  |   |  | $ | 40,929   |   |  | $ | 617  |   |

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|                      |  |                                                                    |   |  |  |  |  |  |
|----------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                 |  | December 31, 2019                                                  |
| Investment Type |  | Percent of TotalInvestments at Fair Value |
| First lien           |  | 57.01                                                         | % |
| Second lien          |  | 24.96                                                         | % |
| Subordinated         |  | 2.11                                                          | % |
| Equity and other     |  | 15.92                                                         | % |
| Total investments    |  | 100.00                                                        | % |

|                                                           |  |                                                                    |   |  |  |  |  |  |
|-----------------------------------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                                                      |  | December 31, 2019                                                  |
| Industry Type                                        |  | Percent of TotalInvestments at Fair Value |
| Software                                                  |  | 24.22                                                         | % |
| Business Services                                         |  | 20.58                                                         | % |
| Healthcare Services                                       |  | 17.45                                                         | % |
| Education                                                 |  | 9.04                                                          | % |
| Investment Funds (includes investments in joint ventures) |  | 6.40                                                          | % |
| Net Lease                                                 |  | 3.84                                                          | % |
| Distribution & Logistics                              |  | 3.38                                                          | % |
| Federal Services                                          |  | 3.22                                                          | % |
| Energy                                                    |  | 3.19                                                          | % |
| Healthcare Information Technology                         |  | 3.17                                                          | % |
| Consumer Services                                         |  | 2.86                                                          | % |
| Industrial Services                                       |  | 1.03                                                          | % |
| Food & Beverage                                       |  | 0.89                                                          | % |
| Packaging                                                 |  | 0.40                                                          | % |
| Business Products                                         |  | 0.33                                                          | % |
| Total investments                                         |  | 100.00                                                        | % |

|                              |  |                                                                    |   |  |  |  |  |  |
|------------------------------|--|--------------------------------------------------------------------|---|--|--|--|--|--|
|                         |  | December 31, 2019                                                  |
| Interest Rate Type |  | Percent of TotalInvestments at Fair Value |
| Floating rates               |  | 94.44                                                         | % |
| Fixed rates                  |  | 5.56                                                          | % |
| Total investments            |  | 100.00                                                        | % |

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|                                          |  |                                    |  |                    |  |             |  |             |  |                  |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|------------------------------------|--|--------------------|--|-------------|--|-------------|--|------------------|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  |                                    |  | Lease              |  |             |  | Total       |  | Fair Value as of |
| Portfolio Company                        |  | Tenant                             |  | Expiration Date    |  | Location    |  | Square Feet |  | June 30, 2020    |
| NM NL Holdings LP / NM GP Holdco LLC |  | Various                            |  | Various            |  | Various     |  | Various     |  | $                | 45,977   |   |
| NM GLCR LP                               |  | Arctic Glacier U.S.A.              |  | 2/28/2038  |  | CA          |  | 214         |  | 22,282      |          |
| NM CLFX LP                               |  | Victor Equipment Company           |  | 8/31/2033  |  | TX          |  | 423         |  | 11,717      |          |
| NM APP Canada, Corp.                     |  | A.P. Plasman, Inc.                 |  | 9/30/2031  |  | Canada      |  | 436         |  | 10,579      |          |
| NM APP US LLC                            |  | Plasman Corp, LLC / A-Brite LP |  | 9/30/2033  |  | AL / OH |  | 261         |  | 6,633       |          |
| NM YI, LLC                               |  | Young Innovations, Inc.            |  | 10/31/2039 |  | IL / MO |  | 212         |  | 5,713       |          |
| NM DRVT LLC                              |  | FMH Conveyors, LLC                 |  | 10/31/2031 |  | AR          |  | 195         |  | 5,876       |          |
| NM JRA LLC                               |  | J.R. Automation Technologies, LLC  |  | 1/31/2031  |  | MI          |  | 88          |  | 3,555       |          |
| NM KRLN LLC                              |  | None                               |  | N/A            |  | MD          |  | 95          |  | 976         |          |
|                                          |  |                                    |  |                    |  |             |  |             |  | $                | 113,308  |   |

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|                   |               |                 |                 |               |        |                 |        |  |  |  |  |
|-------------------|---------------|-----------------|-----------------|---------------|--------|-----------------|--------|--|--|--|--|
|              | Cost          |                 | Fair Value |
| First lien        | $             | 1,702,480  |            |               | $      | 1,633,727  |   |
| Second lien       | 717,541  |            |                 | 688,955  |   |
| Subordinated      | 52,025   |            |                 | 41,362   |   |
| Equity and other  | 496,322  |            |                 | 462,418  |   |
| Total investments | $             | 2,968,368  |            |               | $      | 2,826,462  |   |

|                                                          |               |                 |                 |               |        |                 |        |  |  |  |  |  |  |  |
|----------------------------------------------------------|---------------|-----------------|-----------------|---------------|--------|-----------------|--------|--|--|--|--|--|--|--|
|                                                     | Cost          |                 | Fair Value |               |
| Software                                                 | $             | 781,369    |            |               | $      | 775,044    |   |  |
| Business Services                                        | 658,642  |            |                 | 598,176  |   |                 |
| Healthcare Services                                      | 472,823  |            |                 | 430,047  |   |                 |
| Education                                                | 233,978  |            |                 | 227,462  |   |                 |
| Investment Fund (includes investments in joint ventures) | 212,400  |            |                 | 211,828  |   |                 |
| Net Lease                                                | 105,509  |            |                 | 113,308  |   |                 |
| Federal Services                                         | 102,047  |            |                 | 99,990   |   |                 |
| Healthcare Information Technology                        | 77,361   |            |                 | 75,915   |   |                 |
| Consumer Services                                        | 76,478   |            |                 | 74,843   |   |                 |
| Distribution & Logistics                             | 72,500   |            |                 | 68,636   |   |                 |
| Specialty Chemicals & Materials                      | 60,352   |            |                 | 61,743   |   |                 |
| Industrial Services                                      | 34,804   |            |                 | 34,778   |   |                 |
| Energy                                                   | 54,989   |            |                 | 32,084   |   |                 |
| Packaging                                                | 14,359   |            |                 | 12,231   |   |                 |
| Business Products                                        | 10,757   |            |                 | 10,377   |   |                 |
| Total investments                                        | $             | 2,968,368  |            |               | $      | 2,826,462  |   |  |

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|                   |               |                 |                 |               |        |                 |        |  |  |  |  |
|-------------------|---------------|-----------------|-----------------|---------------|--------|-----------------|--------|--|--|--|--|
|              | Cost          |                 | Fair Value |
| First lien        | $             | 1,803,747  |            |               | $      | 1,801,615  |   |
| Second lien       | 796,921  |            |                 | 788,868  |   |
| Subordinated      | 71,904   |            |                 | 66,774   |   |
| Equity and other  | 478,969  |            |                 | 503,023  |   |
| Total investments | $             | 3,151,541  |            |               | $      | 3,160,280  |   |

|                                                           |               |                 |                 |               |        |                 |        |  |  |  |  |
|-----------------------------------------------------------|---------------|-----------------|-----------------|---------------|--------|-----------------|--------|--|--|--|--|
|                                                      | Cost          |                 | Fair Value |
| Software                                                  | $             | 764,875    |            |               | $      | 765,499    |   |
| Business Services                                         | 667,493  |            |                 | 650,384  |   |
| Healthcare Services                                       | 552,499  |            |                 | 551,471  |   |
| Education                                                 | 267,064  |            |                 | 285,781  |   |
| Investment Funds (includes investments in joint ventures) | 202,400  |            |                 | 202,400  |   |
| Net Lease                                                 | 105,212  |            |                 | 121,360  |   |
| Distribution & Logistics                              | 106,403  |            |                 | 106,878  |   |
| Federal Services                                          | 103,179  |            |                 | 101,675  |   |
| Energy                                                    | 105,689  |            |                 | 100,699  |   |
| Healthcare Information Technology                         | 99,581   |            |                 | 100,050  |   |
| Consumer Services                                         | 91,474   |            |                 | 90,424   |   |
| Industrial Services                                       | 32,736   |            |                 | 32,708   |   |
| Food & Beverage                                       | 27,834   |            |                 | 27,957   |   |
| Packaging                                                 | 14,348   |            |                 | 12,476   |   |
| Business Products                                         | 10,754   |            |                 | 10,518   |   |
| Total investments                                         | $             | 3,151,541  |            |               | $      | 3,160,280  |   |

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|                                                              |  |               |               |                   |            |        |               |        |  |  |  |  |  |  |
|--------------------------------------------------------------|--|---------------|---------------|-------------------|------------|--------|---------------|--------|--|--|--|--|--|--|
|                                                              |  | June 30, 2020 |               | December 31, 2019 |
| First lien investments (1)                                   |  | $             | 306,960  |              |            | $      | 351,160  |   |
| Weighted average interest rate on first lien investments (2) |  | 5.24     | %             |                   | 6.29  | %      |
| Number of portfolio companies in SLP II                      |  | 35       |          |                   | 37    |   |
| Largest portfolio company investment (1)                     |  | $             | 17,367   |              |            | $      | 17,456   |   |
| Total of five largest portfolio company investments (1)      |  | $             | 78,270   |              |            | $      | 78,932   |   |

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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:       |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
| Access CIG, LLC                            |  | Business Services                 |  |  3.92% (L + 3.75%)              |  | 2/27/2025  |  | $                                   | 4,637    |       |               | $              | 4,620    |         |        | $ | 4,432    |   |
| ADG, LLC                                   |  | Healthcare Services               |  |  6.25 % (L + 2.50% + 2.75% PIK) |  | 9/28/2023  |  | 16,297                         |          |            | 16,214   |           |               | 14,160  |   |
| Advisor Group Holdings, Inc.               |  | Consumer Services                 |  |  5.18% (L + 5.00%)              |  | 7/31/2026  |  | 4,975                          |          |            | 4,930    |           |               | 4,664   |   |
| Bearcat Buyer, Inc.                        |  | Healthcare Services               |  |  5.25% (L + 4.25%)              |  | 7/9/2026   |  | 90                             |          |            | 90       |           |               | 90      |   |
| Bearcat Buyer, Inc.                        |  | Healthcare Services               |  |  5.25% (L + 4.25%)              |  | 7/9/2026   |  | 1,372                          |          |            | 1,366    |           |               | 1,365   |   |
| Bleriot US Bidco Inc.                      |  | Federal Services                  |  |  5.06% (L + 4.75%)              |  | 10/31/2026 |  | 1,348                          |          |            | 1,335    |           |               | 1,297   |   |
| Bleriot US Bidco Inc.                      |  | Federal Services                  |  |  5.06% (L + 4.75%)              |  | 10/30/2026 |  | 8,627                          |          |            | 8,546    |           |               | 8,303   |   |
| Brave Parent Holdings, Inc.                |  | Software                          |  |  4.18% (L + 4.00%)              |  | 4/18/2025  |  | 3,671                          |          |            | 3,661    |           |               | 3,568   |   |
| CentralSquare Technologies, LLC            |  | Software                          |  |  3.93% (L + 3.75%)              |  | 8/29/2025  |  | 14,775                         |          |            | 14,746   |           |               | 13,098  |   |
| CHA Holdings, Inc.                         |  | Business Services                 |  |  5.57% (L + 4.50%)              |  | 4/10/2025  |  | 2,037                          |          |            | 2,028    |           |               | 1,982   |   |
| CHA Holdings, Inc.                         |  | Business Services                 |  |  5.57% (L + 4.50%)              |  | 4/10/2025  |  | 10,642                         |          |            | 10,607   |           |               | 10,357  |   |
| CommerceHub, Inc.                          |  | Software                          |  |  3.68% (L + 3.50%)              |  | 5/21/2025  |  | 2,450                          |          |            | 2,441    |           |               | 2,352   |   |
| Dealer Tire, LLC                           |  | Distribution & Logistics      |  |  4.43% (L + 4.25%)              |  | 12/12/2025 |  | 7,462                          |          |            | 7,445    |           |               | 7,152   |   |
| Drilling Info Holdings, Inc.               |  | Business Services                 |  |  4.43% (L + 4.25%)              |  | 7/30/2025  |  | 14,683                         |          |            | 14,633   |           |               | 13,812  |   |
| Edgewood Partners Holdings LLC             |  | Business Services                 |  |  5.25% (L + 4.25%)              |  | 9/6/2024   |  | 7,394                          |          |            | 7,335    |           |               | 7,024   |   |
| eResearchTechnology, Inc.                  |  | Healthcare Services               |  |  5.50% (L + 4.50%)              |  | 2/4/2027   |  | 3,145                          |          |            | 3,115    |           |               | 3,097   |   |
| Fastlane Parent Company, Inc.              |  | Distribution & Logistics      |  |  4.68% (L + 4.50%)              |  | 2/4/2026   |  | 3,456                          |          |            | 3,399    |           |               | 3,258   |   |
| Greenway Health, LLC                       |  | Software                          |  |  4.82% (L + 3.75%)              |  | 2/16/2024  |  | 14,550                         |          |            | 14,509   |           |               | 11,504  |   |
| Help/Systems Holdings, Inc.            |  | Software                          |  |  5.75% (L + 4.75%)              |  | 11/19/2026 |  | 4,433                          |          |            | 4,392    |           |               | 4,311   |   |
| Institutional Shareholder Services Inc.    |  | Business Services                 |  |  5.57% (L + 4.50%)              |  | 3/5/2026   |  | 13,825                         |          |            | 13,708   |           |               | 13,549  |   |
| Keystone Acquisition Corp.                 |  | Healthcare Services               |  |  6.25% (L + 5.25%)              |  | 5/1/2024   |  | 5,252                          |          |            | 5,219    |           |               | 5,034   |   |
| LSCS Holdings, Inc.                        |  | Healthcare Services               |  |  5.32% (L + 4.25%)              |  | 3/17/2025  |  | 1,874                          |          |            | 1,873    |           |               | 1,791   |   |
| LSCS Holdings, Inc.                        |  | Healthcare Services               |  |  5.32% (L + 4.25%)              |  | 3/17/2025  |  | 7,261                          |          |            | 7,254    |           |               | 6,939   |   |
| Market Track, LLC                          |  | Business Services                 |  |  5.25% (L + 4.25%)              |  | 6/5/2024   |  | 11,640                         |          |            | 11,604   |           |               | 11,010  |   |
| Medical Solutions Holdings, Inc.           |  | Healthcare Services               |  |  5.50% (L + 4.50%)              |  | 6/14/2024  |  | 2,781                          |          |            | 2,773    |           |               | 2,698   |   |
| Ministry Brands, LLC                       |  | Software                          |  |  5.00% (L + 4.00%)              |  | 12/2/2022  |  | 2,084                          |          |            | 2,079    |           |               | 2,037   |   |
| Ministry Brands, LLC                       |  | Software                          |  |  5.00% (L + 4.00%)              |  | 12/2/2022  |  | 875                            |          |            | 873      |           |               | 856     |   |
| Ministry Brands, LLC                       |  | Software                          |  |  5.00% (L + 4.00%)              |  | 12/2/2022  |  | 12,097                         |          |            | 12,068   |           |               | 11,827  |   |
| NorthStar Financial Services Group, LLC    |  | Software                          |  |  4.00% (L + 3.25%)              |  | 5/25/2025  |  | 5,885                          |          |            | 5,863    |           |               | 5,630   |   |
| Peraton Corp. (fka MHVC Acquisition Corp.) |  | Federal Services                  |  |  6.25% (L + 5.25%)              |  | 4/29/2024  |  | 10,185                         |          |            | 10,154   |           |               | 9,829   |   |
| Premise Health Holding Corp.               |  | Healthcare Services               |  |  3.81% (L + 3.50%)              |  | 7/10/2025  |  | 1,365                          |          |            | 1,360    |           |               | 1,311   |   |
| Project Accelerate Parent, LLC             |  | Business Services                 |  |  5.29% (L + 4.25%)              |  | 1/2/2025   |  | 12,482                         |          |            | 12,438   |           |               | 10,672  |   |
| PSC Industrial Holdings Corp.              |  | Industrial Services               |  |  4.98% (L + 3.75%)              |  | 10/11/2024 |  | 3,044                          |          |            | 3,024    |           |               | 2,755   |   |
| Quest Software US Holdings Inc.            |  | Software                          |  |  5.01% (L + 4.25%)              |  | 5/16/2025  |  | 14,775                         |          |            | 14,720   |           |               | 14,209  |   |
| Salient CRGT Inc.                          |  | Federal Services                  |  |  7.57% (L + 6.50%)              |  | 2/28/2022  |  | 12,853                         |          |            | 12,805   |           |               | 12,485  |   |
| Wirepath LLC                               |  | Distribution & Logistics      |  |  5.07% (L + 4.00%)              |  | 8/5/2024   |  | 14,738                         |          |            | 14,737   |           |               | 12,232  |   |
| WP CityMD Bidco LLC                        |  | Healthcare Services               |  |  5.54% (L + 4.50%)              |  | 8/13/2026  |  | 5,445                          |          |            | 5,396    |           |               | 5,375   |   |
| Wrench Group LLC                           |  | Consumer Services                 |  |  4.31% (L + 4.00%)              |  | 4/30/2026  |  | 1,495                          |          |            | 1,480    |           |               | 1,405   |   |
| Wrench Group LLC                           |  | Consumer Services                 |  |  4.31% (L + 4.00%)              |  | 4/30/2026  |  | 4,455                          |          |            | 4,417    |           |               | 4,188   |   |
| YI, LLC                                    |  | Healthcare Services               |  |  5.07% (L + 4.00%)              |  | 11/7/2024  |  | 14,725                         |          |            | 14,716   |           |               | 12,958  |   |
| Zelis Cost Management Buyer, Inc.          |  | Healthcare Information Technology |  |  4.93% (L + 4.75%)              |  | 9/30/2026  |  | 4,109                          |          |            | 4,071    |           |               | 4,039   |   |
| Zywave, Inc.                               |  | Software                          |  |  6.00% (L + 5.00%)              |  | 11/17/2022 |  | 16,888                         |          |            | 16,850   |           |               | 16,855  |   |
| Zywave, Inc.                               |  | Software                          |  |  6.00% (L + 5.00%)              |  | 11/17/2022 |  | 479                            |          |            | 475      |           |               | 478     |   |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
| Total Funded Investments                   |  |                                   |  |                                      |  |                    |  | $                                   | 306,656  |       |               | $              | 305,369  |         |        | $ | 285,988  |   |
| Unfunded Investments - First lien:     |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
| Bearcat Buyer, Inc.                        |  | Healthcare Services               |  | —                              |  | 7/9/2021   |  | $                                   | 194      |       |               | $              | (1)           |         |        | $ | (1)           |   |
| Premise Health Holding Corp.               |  | Healthcare Services               |  | —                              |  | 7/10/2020  |  | 110                            |          |            | —  |           |               | (4)          |   |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |            |               |                |
| Total Unfunded Investments                 |  |                                   |  |                                      |  |                    |  | $                                   | 304      |       |               | $              | (1)           |         |        | $ | (5)           |   |
| Total Investments                          |  |                                   |  |                                      |  |                    |  | $                                   | 306,960  |       |               | $              | 305,368  |         |        | $ | 285,983  |   |

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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                             |  |                              |  |                                     |  |                    |  |                                     |               |            |               |                |
| Access CIG, LLC                                             |  | Business Services            |  |  5.44% (L + 3.75%)             |  | 2/27/2025  |  | $                                   | 9,833    |       |               | $              | 9,794    |          |        | $ | 9,841    |   |
| ADG, LLC                                                    |  | Healthcare Services          |  |  7.17% (L + 4.75% + 0.50% PIK) |  | 9/28/2023  |  | 16,074                         |          |            | 15,980   |           |               | 15,813   |   |
| Advisor Group Holdings, Inc.                                |  | Consumer Services            |  |  6.80% (L + 5.00%)             |  | 7/31/2026  |  | 5,000                          |          |            | 4,952    |           |               | 4,972    |   |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  |  6.19% (L + 4.25%)             |  | 7/9/2026   |  | 1,379                          |          |            | 1,372    |           |               | 1,372    |   |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  |  6.19% (L + 4.25%)             |  | 7/9/2026   |  | 90                             |          |            | 90       |           |               | 90       |   |
| Bleriot US Bidco Inc.                                       |  | Federal Services             |  |  6.69% (L + 4.75%)             |  | 10/30/2026 |  | 8,649                          |          |            | 8,563    |           |               | 8,746    |   |
| Brave Parent Holdings, Inc.                                 |  | Software                     |  |  5.93% (L + 4.00%)             |  | 4/18/2025  |  | 15,267                         |          |            | 15,222   |           |               | 15,045   |   |
| CentralSquare Technologies, LLC                             |  | Software                     |  |  5.55% (L + 3.75%)             |  | 8/29/2025  |  | 14,850                         |          |            | 14,819   |           |               | 14,231   |   |
| CHA Holdings, Inc.                                          |  | Business Services            |  |  6.44% (L + 4.50%)             |  | 4/10/2025  |  | 10,697                         |          |            | 10,658   |           |               | 10,683   |   |
| CHA Holdings, Inc.                                          |  | Business Services            |  |  6.44% (L + 4.50%)             |  | 4/10/2025  |  | 2,047                          |          |            | 2,037    |           |               | 2,044    |   |
| CommerceHub, Inc.                                           |  | Software                     |  |  5.30% (L + 3.50%)             |  | 5/21/2025  |  | 2,463                          |          |            | 2,453    |           |               | 2,432    |   |
| Drilling Info Holdings, Inc.                                |  | Business Services            |  |  6.05% (L + 4.25%)             |  | 7/30/2025  |  | 14,758                         |          |            | 14,703   |           |               | 14,696   |   |
| Edgewood Partners Holdings LLC                              |  | Business Services            |  |  6.05% (L + 4.25%)             |  | 9/6/2024   |  | 7,432                          |          |            | 7,367    |           |               | 7,413    |   |
| Explorer Holdings, Inc.                                     |  | Healthcare Services          |  |  6.26% (L + 4.50%)             |  | 11/20/2026 |  | 3,145                          |          |            | 3,113    |           |               | 3,171    |   |
| Fastlane Parent Company, Inc.                               |  | Distribution & Logistics |  |  6.44% (L + 4.50%)             |  | 2/4/2026   |  | 3,474                          |          |            | 3,411    |           |               | 3,448    |   |
| Greenway Health, LLC                                        |  | Software                     |  |  5.69% (L + 3.75%)             |  | 2/16/2024  |  | 14,625                         |          |            | 14,578   |           |               | 13,053   |   |
| Help/Systems Holdings, Inc.                             |  | Software                     |  |  6.55% (L + 4.75%)             |  | 11/19/2026 |  | 4,444                          |          |            | 4,400    |           |               | 4,428    |   |
| Idera, Inc.                                                 |  | Software                     |  |  6.30% (L + 4.50%)             |  | 6/28/2024  |  | 4,446                          |          |            | 4,417    |           |               | 4,449    |   |
| Institutional Shareholder Services Inc.                     |  | Business Services            |  |  6.44% (L + 4.50%)             |  | 3/5/2026   |  | 13,895                         |          |            | 13,769   |           |               | 13,687   |   |
| Keystone Acquisition Corp.                                  |  | Healthcare Services          |  |  7.19% (L + 5.25%)             |  | 5/1/2024   |  | 5,278                          |          |            | 5,243    |           |               | 5,173    |   |
| LSCS Holdings, Inc.                                         |  | Healthcare Services          |  |  6.31% (L + 4.25%)             |  | 3/17/2025  |  | 7,298                          |          |            | 7,290    |           |               | 7,225    |   |
| LSCS Holdings, Inc.                                         |  | Healthcare Services          |  |  6.31% (L + 4.25%)             |  | 3/17/2025  |  | 1,884                          |          |            | 1,882    |           |               | 1,865    |   |
| Market Track, LLC                                           |  | Business Services            |  |  6.18% (L + 4.25%)             |  | 6/5/2024   |  | 11,700                         |          |            | 11,660   |           |               | 10,530   |   |
| MediaOcean, LLC                                             |  | Software                     |  |  5.80% (L + 4.00%)             |  | 8/18/2025  |  | 7,392                          |          |            | 7,372    |           |               | 7,410    |   |
| Medical Solutions Holdings, Inc.                            |  | Healthcare Services          |  |  6.30% (L + 4.50%)             |  | 6/14/2024  |  | 2,795                          |          |            | 2,786    |           |               | 2,791    |   |
| Ministry Brands, LLC                                        |  | Software                     |  |  5.85% (L + 4.00%)             |  | 12/2/2022  |  | 12,160                         |          |            | 12,124   |           |               | 12,160   |   |
| Ministry Brands, LLC                                        |  | Software                     |  |  5.85% (L + 4.00%)             |  | 12/2/2022  |  | 2,095                          |          |            | 2,089    |           |               | 2,095    |   |
| Ministry Brands, LLC                                        |  | Software                     |  |  5.85% (L + 4.00%)             |  | 12/2/2022  |  | 880                            |          |            | 877      |           |               | 880      |   |
| NorthStar Financial Services Group, LLC                     |  | Software                     |  |  5.30% (L + 3.50%)             |  | 5/25/2025  |  | 5,885                          |          |            | 5,861    |           |               | 5,789    |   |
| Peraton Corp. (fka MHVC Acquisition Corp.)                  |  | Federal Services             |  |  7.05% (L + 5.25%)             |  | 4/29/2024  |  | 10,237                         |          |            | 10,203   |           |               | 10,193   |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  |  5.44% (L + 3.50%)             |  | 7/10/2025  |  | 1,372                          |          |            | 1,367    |           |               | 1,358    |   |
| Project Accelerate Parent, LLC                              |  | Business Services            |  |  5.99% (L + 4.25%)             |  | 1/2/2025   |  | 13,545                         |          |            | 13,494   |           |               | 13,511   |   |
| PSC Industrial Holdings Corp.                               |  | Industrial Services          |  |  5.49% (L + 3.75%)             |  | 10/11/2024 |  | 7,305                          |          |            | 7,252    |           |               | 7,269    |   |
| Quest Software US Holdings Inc.                             |  | Software                     |  |  6.18% (L + 4.25%)             |  | 5/16/2025  |  | 14,850                         |          |            | 14,790   |           |               | 14,739   |   |
| Salient CRGT Inc.                                           |  | Federal Services             |  |  8.29% (L + 6.50%)             |  | 2/28/2022  |  | 13,134                         |          |            | 13,071   |           |               | 12,510   |   |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.) |  | Education                    |  |  6.19% (L + 4.25%)             |  | 7/30/2025  |  | 716                            |          |            | 715      |           |               | 721      |   |
| Wirepath LLC                                                |  | Distribution & Logistics |  |  5.94% (L + 4.00%)             |  | 8/5/2024   |  | 14,813                         |          |            | 14,813   |           |               | 12,886   |   |
| WP CityMD Bidco LLC                                         |  | Healthcare Services          |  |  6.44% (L + 4.50%)             |  | 8/13/2026  |  | 15,000                         |          |            | 14,855   |           |               | 15,038   |   |
| Wrench Group LLC                                            |  | Consumer Services            |  |  6.19% (L + 4.25%)             |  | 4/30/2026  |  | 4,478                          |          |            | 4,435    |           |               | 4,488    |   |
| YI, LLC                                                     |  | Healthcare Services          |  |  5.94% (L + 4.00%)             |  | 11/7/2024  |  | 14,801                         |          |            | 14,791   |           |               | 13,839   |   |
| Zelis Cost Management Buyer, Inc.                           |  | Healthcare I.T.              |  |  6.55% (L + 4.75%)             |  | 9/30/2026  |  | 10,363                         |          |            | 10,261   |           |               | 10,427   |   |
| Zywave, Inc.                                                |  | Software                     |  |  6.93% (L + 5.00%)             |  | 11/17/2022 |  | 16,975                         |          |            | 16,930   |           |               | 16,975   |   |
| Zywave, Inc.                                                |  | Software                     |  |  6.84% (L + 5.00%)             |  | 11/17/2022 |  | 481                            |          |            | 477      |           |               | 481      |   |
| Total Funded Investments                                    |  |                              |  |                                     |  |                    |  | $                                   | 348,005  |       |               | $              | 346,336  |          |        | $ | 339,967  |   |
| Unfunded Investments - First lien                           |  |                              |  |                                     |  |                    |  |                                     |               |            |               |                |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  | —                             |  | 7/9/2021   |  | $                                   | 194      |       |               | $              | (1)           |          |        | $ | (1)           |   |
| Bleriot US Bidco Inc.                                       |  | Federal Services             |  | —                             |  | 10/31/2020 |  | 1,351                          |          |            | (14)          |           |               | 15       |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  | —                             |  | 7/10/2020  |  | 110                            |          |            | —  |           |               | —  |   |
| Wrench Group LLC                                            |  | Consumer Services            |  | —                             |  | 4/30/2021  |  | 1,500                          |          |            | —  |           |               | 4        |   |
| Total Unfunded Investments                                  |  |                              |  |                                     |  |                    |  | $                                   | 3,155    |       |               | $              | (15)          |          |        | $ | 18       |   |
| Total Investments                                           |  |                              |  |                                     |  |                    |  | $                                   | 351,160  |       |               | $              | 346,321  |          |        | $ | 339,985  |   |

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|                                                                         |               |               |                   |               |        |               |        |  |  |  |  |
|-------------------------------------------------------------------------|---------------|---------------|-------------------|---------------|--------|---------------|--------|--|--|--|--|
| Selected Balance Sheet Information:                                 | June 30, 2020 |               | December 31, 2019 |
| Investments at fair value (cost of $305,368 and $346,321, respectively) | $             | 285,983  |              |               | $      | 339,985  |   |
| Cash and other assets                                                   | 8,520    |          |                   | 8,159    |   |
| Total assets                                                            | $             | 294,503  |              |               | $      | 348,144  |   |
|                                                                         |               |               |                   |
| Credit facility                                                         | $             | 211,070  |              |               | $      | 246,870  |   |
| Deferred financing costs                                                | (982)         |          |                   | (1,408)       |   |
| Distribution payable                                                    | 2,667    |          |                   | 3,250    |   |
| Payable for unsettled securities purchased                              | —  |          |                   | 3,113    |   |
| Other liabilities                                                       | 1,289    |          |                   | 2,367    |   |
| Total liabilities                                                       | 214,044  |          |                   | 254,192  |   |
|                                                                         |               |               |                   |
| Members' capital                                                        | $             | 80,459   |              |               | $      | 93,952   |   |
| Total liabilities and members' capital                                  | $             | 294,503  |              |               | $      | 348,144  |   |

|                                                                     |                    |              |               |             |                  |             |               |        |   |              |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--------------------|--------------|---------------|-------------|------------------|-------------|---------------|--------|---|--------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
| Selected Statement of Operations                                    | Three Months Ended |              |               |             | Six Months Ended |             |               |
|  Information:                                              | June 30, 2020      |              | June 30, 2019 |             | June 30, 2020    |             | June 30, 2019 |
| Interest income                                                     | $                  | 4,532   |          |             | $                | 6,345  |          |        | $ | 9,979   |   |  | $ | 12,568  |   |
| Other income                                                        | 17            |         |               | 32     |             |             | 70       |   |   | 58      |   |
| Total investment income                                             | 4,549         |         |               | 6,377  |             |             | 10,049   |   |   | 12,626  |   |
|                                                                     |                    |              |               |             |                  |             |               |
| Interest and other financing expenses                               | 1,361         |         |               | 2,966  |             |             | 3,506    |   |   | 5,739   |   |
| Other expenses                                                      | 130           |         |               | 144    |             |             | 262      |   |   | 279     |   |
| Total expenses                                                      | 1,491         |         |               | 3,110  |             |             | 3,768    |   |   | 6,018   |   |
| Less: expenses waived and reimbursed                            | —       |         |               | (20)        |             |             | —  |   |   | (20)         |   |
| Net expenses                                                        | 1,491         |         |               | 3,090  |             |             | 3,768    |   |   | 5,998   |   |
| Net investment income                                               | 3,058         |         |               | 3,287  |             |             | 6,281    |   |   | 6,628   |   |
|                                                                     |                    |              |               |             |                  |             |               |
| Net realized (losses) gains on investments                          | (862)              |         |               | 253    |             |             | (806)         |   |   | 261     |   |
| Net change in unrealized appreciation (depreciation) of investments | 21,752        |         |               | (487)       |             |             | (13,049)      |   |   | 1,060   |   |
| Net increase (decrease) in members' capital                         | $                  | 23,948  |          |             | $                | 3,053  |          |        | $ | (7,574)      |   |  | $ | 7,949   |   |

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|                                                              |  |               |               |                   |            |        |               |        |  |  |  |  |  |  |
|--------------------------------------------------------------|--|---------------|---------------|-------------------|------------|--------|---------------|--------|--|--|--|--|--|--|
|                                                              |  | June 30, 2020 |               | December 31, 2019 |
| First lien investments (1)                                   |  | $             | 548,486  |              |            | $      | 493,787  |   |
| Weighted average interest rate on first lien investments (2) |  | 4.71     | %             |                   | 5.95  | %      |
| Number of portfolio companies in SLP III                     |  | 56       |          |                   | 49    |   |
| Largest portfolio company investment (1)                     |  | $             | 23,841   |              |            | $      | 23,947   |   |
| Total of five largest portfolio company investments (1)      |  | $             | 99,416   |              |            | $      | 99,906   |   |

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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                                   |  |                              |  |                         |  |                    |  |                                     |           |            |              |                |
| Access CIG, LLC                                                   |  | Business Services            |  |  3.92% (L + 3.75%) |  | 2/27/2025  |  | $                                   | 872  |       |              | $              | 872  |         |        | $ | 833  |   |
| Advisor Group Holdings, Inc.                                      |  | Consumer Services            |  |  5.18% (L + 5.00%) |  | 7/31/2026  |  | 4,975                          |      |            | 4,930   |           |           | 4,664   |   |
| Affordable Care Holding Corp.                                     |  | Healthcare Services          |  |  5.75% (L + 4.75%) |  | 10/24/2022 |  | 5,932                          |      |            | 5,867   |           |           | 5,520   |   |
| AG Parent Holdings, LLC                                           |  | Healthcare Services          |  |  5.18% (L + 5.00%) |  | 7/31/2026  |  | 12,438                         |      |            | 12,382  |           |           | 12,282  |   |
| Aston FinCo S.a.r.l. / Aston US Finco, LLC                    |  | Software                     |  |  4.44% (L + 4.25%) |  | 10/9/2026  |  | 5,985                          |      |            | 5,930   |           |           | 5,712   |   |
| Astra Acquisition Corp.                                           |  | Software                     |  |  6.50% (L + 5.50%) |  | 3/1/2027   |  | 11,548                         |      |            | 11,464  |           |           | 11,462  |   |
| Ascensus Specialties LLC                                          |  | Business Services            |  |  4.92% (L + 4.75%) |  | 9/24/2026  |  | 9,950                          |      |            | 9,904   |           |           | 9,726   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  4.18% (L + 4.00%) |  | 6/11/2026  |  | 9,121                          |      |            | 9,041   |           |           | 8,847   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  4.18% (L + 4.00%) |  | 6/11/2026  |  | 1,433                          |      |            | 1,424   |           |           | 1,390   |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  5.25% (L + 4.25%) |  | 7/9/2026   |  | 19,753                         |      |            | 19,666  |           |           | 19,654  |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  5.25% (L + 4.25%) |  | 7/9/2026   |  | 1,296                          |      |            | 1,290   |           |           | 1,289   |   |
| Bleriot US Bidco Inc.                                             |  | Federal Services             |  |  5.06% (L + 4.75%) |  | 10/31/2026 |  | 4,314                          |      |            | 4,273   |           |           | 4,152   |   |
| Bleriot US Bidco Inc.                                             |  | Federal Services             |  |  5.06% (L + 4.75%) |  | 10/31/2026 |  | 674                            |      |            | 667     |           |           | 649     |   |
| Bluefin Holding, LLC                                              |  | Software                     |  |  4.43% (L + 4.25%) |  | 9/4/2026   |  | 9,950                          |      |            | 9,815   |           |           | 9,704   |   |
| Bracket Intermediate Holding Corp.                                |  | Healthcare Services          |  |  5.70% (L + 4.25%) |  | 9/5/2025   |  | 14,738                         |      |            | 14,680  |           |           | 14,101  |   |
| Brave Parent Holdings, Inc.                                       |  | Software                     |  |  4.18% (L + 4.00%) |  | 4/18/2025  |  | 11,275                         |      |            | 11,244  |           |           | 10,958  |   |
| CentralSquare Technologies, LLC                                   |  | Software                     |  |  3.93% (L + 3.75%) |  | 8/29/2025  |  | 14,775                         |      |            | 14,746  |           |           | 13,098  |   |
| Certara Holdco, Inc.                                              |  | Healthcare I.T.              |  |  3.81% (L + 3.50%) |  | 8/15/2024  |  | 1,252                          |      |            | 1,255   |           |           | 1,171   |   |
| CHA Holdings, Inc.                                                |  | Business Services            |  |  5.57% (L + 4.50%) |  | 4/10/2025  |  | 982                            |      |            | 982     |           |           | 956     |   |
| CommerceHub, Inc.                                                 |  | Software                     |  |  3.68% (L + 3.50%) |  | 5/21/2025  |  | 14,700                         |      |            | 14,646  |           |           | 14,112  |   |
| Covenant Surgical Partners, Inc.                                  |  | Healthcare Services          |  |  4.18% (L + 4.00%) |  | 7/1/2026   |  | 9,925                          |      |            | 9,838   |           |           | 8,585   |   |
| CRCI Longhorn Holdings, Inc.                                      |  | Business Services            |  |  3.68% (L + 3.50%) |  | 8/8/2025   |  | 14,738                         |      |            | 14,681  |           |           | 13,687  |   |
| Dealer Tire, LLC                                                  |  | Distribution & Logistics |  |  4.43% (L + 4.25%) |  | 12/12/2025 |  | 9,950                          |      |            | 9,926   |           |           | 9,535   |   |
| Dentalcorp Health Services ULC (fka Dentalcorp Perfect Smile ULC) |  | Healthcare Services          |  |  4.75% (L + 3.75%) |  | 6/6/2025   |  | 14,711                         |      |            | 14,683  |           |           | 13,184  |   |
| Drilling Info Holdings, Inc.                                      |  | Business Services            |  |  4.43% (L + 4.25%) |  | 7/30/2025  |  | 18,671                         |      |            | 18,599  |           |           | 17,564  |   |
| Edgewood Partners Holdings LLC                                    |  | Business Services            |  |  5.25% (L + 4.25%) |  | 9/6/2024   |  | 7,394                          |      |            | 7,335   |           |           | 7,024   |   |
| eResearchTechnology, Inc.                                         |  | Healthcare Services          |  |  5.50% (L + 4.50%) |  | 2/4/2027   |  | 3,931                          |      |            | 3,893   |           |           | 3,872   |   |
| EyeCare Partners, LLC                                             |  | Healthcare Services          |  |  4.82% (L + 3.75%) |  | 2/18/2027  |  | 12,132                         |      |            | 12,117  |           |           | 11,020  |   |
| Fastlane Parent Company, Inc.                                     |  | Distribution & Logistics |  |  4.68% (L + 4.50%) |  | 2/4/2026   |  | 3,456                          |      |            | 3,399   |           |           | 3,258   |   |
| Greenway Health, LLC                                              |  | Software                     |  |  4.82% (L + 3.75%) |  | 2/16/2024  |  | 14,595                         |      |            | 14,603  |           |           | 11,539  |   |
| Heartland Dental, LLC                                             |  | Healthcare Services          |  |  3.68% (L + 3.50%) |  | 4/30/2025  |  | 18,635                         |      |            | 18,566  |           |           | 16,548  |   |
| Help/Systems Holdings, Inc.                                   |  | Software                     |  |  5.75% (L + 4.75%) |  | 11/19/2026 |  | 9,033                          |      |            | 8,949   |           |           | 8,785   |   |
| Idera, Inc.                                                       |  | Software                     |  |  5.08% (L + 4.00%) |  | 6/28/2024  |  | 5,544                          |      |            | 5,522   |           |           | 5,368   |   |
| Institutional Shareholder Services Inc.                           |  | Business Services            |  |  5.57% (L + 4.50%) |  | 3/5/2026   |  | 988                            |      |            | 979     |           |           | 968     |   |
| Kestra Advisor Services Holdings A, Inc.                          |  | Business Services            |  |  4.43% (L + 4.25%) |  | 6/3/2026   |  | 9,429                          |      |            | 9,359   |           |           | 9,193   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  5.32% (L + 4.25%) |  | 3/17/2025  |  | 2,640                          |      |            | 2,624   |           |           | 2,523   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  5.32% (L + 4.25%) |  | 3/17/2025  |  | 682                            |      |            | 677     |           |           | 651     |   |
| Market Track, LLC                                                 |  | Business Services            |  |  5.25% (L + 4.25%) |  | 6/5/2024   |  | 4,753                          |      |            | 4,749   |           |           | 4,496   |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  4.61% (L + 4.25%) |  | 8/31/2026  |  | 10,324                         |      |            | 10,237  |           |           | 9,357   |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  4.61% (L + 4.25%) |  | 8/31/2026  |  | 1,811                          |      |            | 1,796   |           |           | 1,647   |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 4,525                          |      |            | 4,513   |           |           | 4,424   |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 875                            |      |            | 873     |           |           | 856     |   |
| National Intergovernmental Purchasing Alliance Company            |  | Business Services            |  |  4.06% (L + 3.75%) |  | 5/23/2025  |  | 8,746                          |      |            | 8,742   |           |           | 8,483   |   |
| National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.)      |  | Healthcare Services          |  |  4.43% (L + 4.25%) |  | 3/9/2026   |  | 8,924                          |      |            | 8,924   |           |           | 8,628   |   |
| National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.)      |  | Healthcare Services          |  |  4.43% (L + 4.25%) |  | 3/9/2026   |  | 406                            |      |            | 406     |           |           | 393     |   |
| Navex Topco, Inc.                                                 |  | Software                     |  |  3.43% (L + 3.25%) |  | 9/5/2025   |  | 18,301                         |      |            | 18,157  |           |           | 17,775  |   |
| Netsmart Technologies, Inc.                                       |  | Healthcare I.T.              |  |  4.75% (L + 3.75%) |  | 4/19/2023  |  | 10,277                         |      |            | 10,277  |           |           | 9,968   |   |
| Newport Group Holdings II, Inc.                                   |  | Business Services            |  |  3.81% (L + 3.50%) |  | 9/12/2025  |  | 4,912                          |      |            | 4,893   |           |           | 4,741   |   |
| NorthStar Financial Services Group, LLC                           |  | Software                     |  |  4.00% (L + 3.25%) |  | 5/25/2025  |  | 11,770                         |      |            | 11,727  |           |           | 11,260  |   |
| Outcomes Group Holdings, Inc.                                     |  | Healthcare Services          |  |  3.81% (L + 3.50%) |  | 10/24/2025 |  | 3,418                          |      |            | 3,411   |           |           | 3,213   |   |
| Pelican Products, Inc.                                            |  | Business Products            |  |  4.50% (L + 3.50%) |  | 5/1/2025   |  | 4,900                          |      |            | 4,891   |           |           | 4,520   |   |
| Peraton Corp. (fka MHVC Acquisition Corp.)                        |  | Federal Services             |  |  6.25% (L + 5.25%) |  | 4/29/2024  |  | 15,351                         |      |            | 15,298  |           |           | 14,814  |   |

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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) |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  |  3.81% (L + 3.50%)             |  | 7/10/2025  |  | $                                   | 13,654   |       |               | $              | 13,601   |         |        | $ | 13,108   |   |
| Project Accelerate Parent, LLC                              |  | Business Services            |  |  5.29% (L + 4.25%)             |  | 1/2/2025   |  | 9,874                          |          |            | 9,832    |           |               | 8,442   |   |
| Quest Software US Holdings Inc.                             |  | Software                     |  |  5.01% (L + 4.25%)             |  | 5/16/2025  |  | 14,775                         |          |            | 14,720   |           |               | 14,209  |   |
| Sierra Enterprises, LLC                                     |  | Food & Beverage          |  |  5.00% (L + 4.00%)             |  | 11/11/2024 |  | 2,444                          |          |            | 2,442    |           |               | 1,992   |   |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.) |  | Education                    |  |  4.56% (L + 4.25%)             |  | 7/30/2025  |  | 14,737                         |          |            | 14,709   |           |               | 13,743  |   |
| TIBCO Software Inc.                                         |  | Software                     |  |  3.93% (L + 3.75%)             |  | 6/30/2026  |  | 7,692                          |          |            | 7,674    |           |               | 7,394   |   |
| Unitek Acquisition, Inc.                                    |  | Business Services            |  |  7.50% (L + 5.50% + 1.00% PIK) |  | 8/20/2024  |  | 3,325                          |          |            | 2,693    |           |               | 2,836   |   |
| Unitek Acquisition, Inc.                                    |  | Business Services            |  |  7.50% (L + 5.50% + 1.00% PIK) |  | 8/20/2024  |  | 665                            |          |            | 539      |           |               | 567     |   |
| Wirepath LLC                                                |  | Distribution & Logistics |  |  5.07% (L + 4.00%)             |  | 8/5/2024   |  | 17,214                         |          |            | 17,214   |           |               | 14,288  |   |
| WP CityMD Bidco LLC                                         |  | Healthcare Services          |  |  5.54% (L + 4.50%)             |  | 8/13/2026  |  | 19,968                         |          |            | 19,788   |           |               | 19,709  |   |
| VT Topco, Inc.                                              |  | Business Services            |  |  3.68% (L + 3.50%)             |  | 8/1/2025   |  | 2,809                          |          |            | 2,809    |           |               | 2,388   |   |
| YI, LLC                                                     |  | Healthcare Services          |  |  5.07% (L + 4.00%)             |  | 11/7/2024  |  | 9,741                          |          |            | 9,735    |           |               | 8,572   |   |
| Total Funded Investments                                    |  |                              |  |                                     |  |                    |  | $                                   | 538,608  |       |               | $              | 535,478  |         |        | $ | 505,407  |   |
|                                                             |  |                              |  |                                     |  |                    |  |                                     |               |            |               |                |
| Unfunded Investments - First lien                           |  |                              |  |                                     |  |                    |  |                                     |               |            |               |                |
| BCPE Empire Holdings, Inc.                                  |  | Distribution & Logistics |  | —                             |  | 6/11/2021  |  | $                                   | 369      |       |               | $              | (4)           |         |        | $ | (11)          |   |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  | —                             |  | 7/9/2021   |  | 2,792                          |          |            | (14)          |           |               | (14)         |   |
| Covenant Surgical Partners, Inc.                            |  | Healthcare Services          |  | —                             |  | 7/1/2021   |  | 2,000                          |          |            | (20)          |           |               | (270)        |   |
| EyeCare Partners, LLC                                       |  | Healthcare Services          |  | —                             |  | 2/18/2022  |  | 2,838                          |          |            | —  |           |               | (260)        |   |
| MED ParentCo, LP                                            |  | Healthcare Services          |  | —                             |  | 8/30/2021  |  | 776                            |          |            | (8)           |           |               | (71)         |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  | —                             |  | 7/10/2020  |  | 1,103                          |          |            | (3)           |           |               | (44)         |   |
| Total Unfunded Investments                                  |  |                              |  |                                     |  |                    |  | $                                   | 9,878    |       |               | $              | (49)          |         |        | $ | (670)         |   |
| Total Investments                                           |  |                              |  |                                     |  |                    |  | $                                   | 548,486  |       |               | $              | 535,429  |         |        | $ | 504,737  |   |

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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                                   |  |                              |  |                         |  |                    |  |                                     |             |            |              |                |
| Access CIG, LLC                                                   |  | Business Services            |  |  5.44% (L + 3.75%) |  | 2/27/2025  |  | $                                   | 1,204  |       |              | $              | 1,204  |         |        | $ | 1,205  |   |
| Advisor Group Holdings, Inc.                                      |  | Consumer Services            |  |  6.80% (L + 5.00%) |  | 7/31/2026  |  | 5,000                          |        |            | 4,952   |           |             | 4,972   |   |
| Affordable Care Holding Corp.                                     |  | Healthcare Services          |  |  6.59% (L + 4.75%) |  | 10/24/2022 |  | 5,963                          |        |            | 5,884   |           |             | 5,814   |   |
| AG Parent Holdings, LLC                                           |  | Healthcare Services          |  |  6.91% (L + 5.00%) |  | 7/31/2026  |  | 12,500                         |        |            | 12,440  |           |             | 12,406  |   |
| Aston FinCo S.a r.l. / Aston US Finco, LLC                    |  | Software                     |  |  6.26% (L + 4.25%) |  | 10/9/2026  |  | 6,000                          |        |            | 5,941   |           |             | 5,970   |   |
| Ascensus Specialties LLC                                          |  | Business Services            |  |  6.44% (L + 4.75%) |  | 9/24/2026  |  | 10,000                         |        |            | 9,951   |           |             | 9,975   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  5.80% (L + 4.00%) |  | 6/11/2026  |  | 9,167                          |        |            | 9,080   |           |             | 9,224   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  5.80% (L + 4.00%) |  | 6/11/2026  |  | 229                            |        |            | 243     |           |             | 231     |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  6.19% (L + 4.25%) |  | 7/9/2026   |  | 19,853                         |        |            | 19,759  |           |             | 19,753  |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  6.19% (L + 4.25%) |  | 7/9/2026   |  | 1,302                          |        |            | 1,296   |           |             | 1,296   |   |
| Bleriot US Bidco Inc.                                             |  | Federal Services             |  |  6.69% (L + 4.75%) |  | 10/30/2026 |  | 4,324                          |        |            | 4,281   |           |             | 4,373   |   |
| Bluefin Holding, LLC                                              |  | Software                     |  |  6.14% (L + 4.25%) |  | 9/4/2026   |  | 10,000                         |        |            | 9,855   |           |             | 9,900   |   |
| Bracket Intermediate Holding Corp.                                |  | Healthcare Services          |  |  6.35% (L + 4.25%) |  | 9/5/2025   |  | 14,813                         |        |            | 14,750  |           |             | 14,775  |   |
| Brave Parent Holdings, Inc.                                       |  | Software                     |  |  5.93% (L + 4.00%) |  | 4/18/2025  |  | 14,775                         |        |            | 14,732  |           |             | 14,560  |   |
| CentralSquare Technologies, LLC                                   |  | Software                     |  |  5.55% (L + 3.75%) |  | 8/29/2025  |  | 14,850                         |        |            | 14,819  |           |             | 14,231  |   |
| Certara Holdco, Inc.                                              |  | Healthcare I.T.              |  |  5.44% (L + 3.50%) |  | 8/15/2024  |  | 1,262                          |        |            | 1,266   |           |             | 1,262   |   |
| CHA Holdings, Inc.                                                |  | Business Services            |  |  6.44% (L + 4.50%) |  | 4/10/2025  |  | 987                            |        |            | 987     |           |             | 986     |   |
| CommerceHub, Inc.                                                 |  | Software                     |  |  5.30% (L + 3.50%) |  | 5/21/2025  |  | 14,775                         |        |            | 14,716  |           |             | 14,590  |   |
| Covenant Surgical Partners, Inc.                                  |  | Healthcare Services          |  |  5.69% (L + 4.00%) |  | 7/1/2026   |  | 9,975                          |        |            | 9,881   |           |             | 9,913   |   |
| CRCI Longhorn Holdings, Inc.                                      |  | Business Services            |  |  5.19% (L + 3.50%) |  | 8/8/2025   |  | 14,813                         |        |            | 14,751  |           |             | 14,414  |   |
| Dentalcorp Health Services ULC (fka Dentalcorp Perfect Smile ULC) |  | Healthcare Services          |  |  5.55% (L + 3.75%) |  | 6/6/2025   |  | 14,786                         |        |            | 14,755  |           |             | 14,737  |   |
| Drilling Info Holdings, Inc.                                      |  | Business Services            |  |  6.05% (L + 4.25%) |  | 7/30/2025  |  | 18,766                         |        |            | 18,688  |           |             | 18,688  |   |
| Edgewood Partners Holdings LLC                                    |  | Business Services            |  |  6.05% (L + 4.25%) |  | 9/6/2024   |  | 7,432                          |        |            | 7,367   |           |             | 7,413   |   |
| Explorer Holdings, Inc.                                           |  | Healthcare Services          |  |  6.25% (L + 4.50%) |  | 11/20/2026 |  | 3,931                          |        |            | 3,892   |           |             | 3,964   |   |
| Fastlane Parent Company, Inc.                                     |  | Distribution & Logistics |  |  6.44% (L + 4.50%) |  | 2/4/2026   |  | 3,474                          |        |            | 3,411   |           |             | 3,448   |   |
| Greenway Health, LLC                                              |  | Software                     |  |  5.69% (L + 3.75%) |  | 2/16/2024  |  | 14,670                         |        |            | 14,679  |           |             | 13,093  |   |
| Heartland Dental, LLC                                             |  | Healthcare Services          |  |  5.55% (L + 3.75%) |  | 4/30/2025  |  | 18,317                         |        |            | 18,243  |           |             | 18,248  |   |
| Help/Systems Holdings, Inc.                                   |  | Software                     |  |  6.55% (L + 4.75%) |  | 11/19/2026 |  | 5,556                          |        |            | 5,500   |           |             | 5,535   |   |
| Idera, Inc.                                                       |  | Software                     |  |  6.30% (L + 4.50%) |  | 6/28/2024  |  | 5,572                          |        |            | 5,548   |           |             | 5,576   |   |
| Institutional Shareholder Services Inc.                           |  | Business Services            |  |  6.44% (L + 4.50%) |  | 3/5/2026   |  | 993                            |        |            | 983     |           |             | 978     |   |
| Kestra Advisor Services Holdings A, Inc.                          |  | Business Services            |  |  6.20% (L + 4.25%) |  | 6/3/2026   |  | 9,476                          |        |            | 9,402   |           |             | 9,477   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  6.31% (L + 4.25%) |  | 3/17/2025  |  | 2,654                          |        |            | 2,634   |           |             | 2,627   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  6.31% (L + 4.25%) |  | 3/17/2025  |  | 685                            |        |            | 680     |           |             | 678     |   |
| Market Track, LLC                                                 |  | Business Services            |  |  6.18% (L + 4.25%) |  | 6/5/2024   |  | 4,778                          |        |            | 4,773   |           |             | 4,300   |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  6.05% (L + 4.25%) |  | 8/31/2026  |  | 10,376                         |        |            | 10,282  |           |             | 10,402  |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  6.05% (L + 4.25%) |  | 8/31/2026  |  | 553                            |        |            | 549     |           |             | 554     |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.85% (L + 4.00%) |  | 12/2/2022  |  | 4,549                          |        |            | 4,534   |           |             | 4,549   |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.85% (L + 4.00%) |  | 12/2/2022  |  | 880                            |        |            | 877     |           |             | 880     |   |
| National Intergovernmental Purchasing Alliance Company            |  | Business Services            |  |  5.69% (L + 3.75%) |  | 5/23/2025  |  | 8,790                          |        |            | 8,786   |           |             | 8,790   |   |
| Navex Topco, Inc.                                                 |  | Software                     |  |  5.05% (L + 3.25%) |  | 9/5/2025   |  | 18,394                         |        |            | 18,237  |           |             | 18,448  |   |
| Netsmart Technologies, Inc.                                       |  | Healthcare I.T.              |  |  5.55% (L + 3.75%) |  | 4/19/2023  |  | 10,330                         |        |            | 10,330  |           |             | 10,308  |   |
| Newport Group Holdings II, Inc.                                   |  | Business Services            |  |  5.65% (L + 3.75%) |  | 9/12/2025  |  | 4,938                          |        |            | 4,917   |           |             | 4,950   |   |
| NorthStar Financial Services Group, LLC                           |  | Software                     |  |  5.30% (L + 3.50%) |  | 5/25/2025  |  | 11,770                         |        |            | 11,723  |           |             | 11,579  |   |
| Outcomes Group Holdings, Inc.                                     |  | Healthcare Services          |  |  5.41% (L + 3.50%) |  | 10/24/2025 |  | 6,435                          |        |            | 6,421   |           |             | 6,344   |   |
| Pelican Products, Inc.                                            |  | Business Products            |  |  5.24% (L + 3.50%) |  | 5/1/2025   |  | 4,925                          |        |            | 4,915   |           |             | 4,531   |   |
| Peraton Corp. (fka MHVC Acquisition Corp.)                        |  | Federal Services             |  |  7.05% (L + 5.25%) |  | 4/29/2024  |  | 15,430                         |        |            | 15,371  |           |             | 15,363  |   |
| Premise Health Holding Corp.                                      |  | Healthcare Services          |  |  5.44% (L + 3.50%) |  | 7/10/2025  |  | 13,723                         |        |            | 13,666  |           |             | 13,580  |   |
| Project Accelerate Parent, LLC                                    |  | Business Services            |  |  5.99% (L + 4.25%) |  | 1/2/2025   |  | 9,924                          |        |            | 9,878   |           |             | 9,899   |   |
| Quest Software US Holdings Inc.                                   |  | Software                     |  |  6.18% (L + 4.25%) |  | 5/16/2025  |  | 14,850                         |        |            | 14,790  |           |             | 14,739  |   |
| Sierra Enterprises, LLC                                           |  | Food & Beverage          |  |  5.80% (L + 4.00%) |  | 11/11/2024 |  | 2,456                          |        |            | 2,454   |           |             | 2,447   |   |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)       |  | Education                    |  |  6.19% (L + 4.25%) |  | 7/30/2025  |  | 14,812                         |        |            | 14,782  |           |             | 14,905  |   |
| Wirepath LLC                                                      |  | Distribution & Logistics |  |  5.94% (L + 4.00%) |  | 8/5/2024   |  | 17,302                         |        |            | 17,302  |           |             | 15,053  |   |
| WP CityMD Bidco LLC                                               |  | Healthcare Services          |  |  6.44% (L + 4.50%) |  | 8/13/2026  |  | 20,069                         |        |            | 19,875  |           |             | 20,119  |   |

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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) |
| YI, LLC                                  |  | Healthcare Services          |  |  5.94% (L + 4.00%) |  | 11/7/2024  |  | $                                   | 9,791    |       |               | 9,784     |          |         | 9,155  |   |
| Total Funded Investments                 |  |                              |  |                         |  |                    |  | $                                   | 483,179  |       |               | $              | 480,816  |    |             | $      | 475,207  |   |
| Unfunded Investments - First lien        |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |
| BCPE Empire Holdings, Inc.               |  | Distribution & Logistics |  | —                 |  | 6/11/2021  |  | $                                   | 1,580    |       |               | $              | (16)          |    |             | $      | 10       |   |
| Bearcat Buyer, Inc.                      |  | Healthcare Services          |  | —                 |  | 7/9/2021   |  | 2,792                          |          |            | (14)          |           |               | (14)    |        |
| Bleriot US Bidco Inc.                    |  | Federal Services             |  | —                 |  | 10/31/2020 |  | 676                            |          |            | (7)           |           |               | 8  |        |
| Covenant Surgical Partners, Inc.         |  | Healthcare Services          |  | —                 |  | 7/1/2021   |  | 2,000                          |          |            | (20)          |           |               | (13)    |        |
| Heartland Dental, LLC                    |  | Healthcare Services          |  | —                 |  | 4/30/2020  |  | 413                            |          |            | —  |           |               | (2)     |        |
| MED ParentCo, LP                         |  | Healthcare Services          |  | —                 |  | 8/27/2021  |  | 2,044                          |          |            | (20)          |           |               | 5  |        |
| Premise Health Holding Corp.             |  | Healthcare Services          |  | —                 |  | 7/10/2020  |  | 1,103                          |          |            | (3)           |           |               | (3)     |        |
| Total Unfunded Investments               |  |                              |  |                         |  |                    |  | $                                   | 10,608   |       |               | $              | (80)          |    |             | $      | (9)           |   |
| Total Investments                        |  |                              |  |                         |  |                    |  | $                                   | 493,787  |       |               | $              | 480,736  |    |             | $      | 475,198  |   |

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

|                                                           |               |               |                   |               |        |               |        |  |  |  |  |
|-----------------------------------------------------------|---------------|---------------|-------------------|---------------|--------|---------------|--------|--|--|--|--|
| Selected Balance Sheet Information:                   | June 30, 2020 |               | December 31, 2019 |
| Investments at fair value (cost of $535,429 and $480,736) | $             | 504,737  |              |               | $      | 475,198  |   |
|                                                           |               |               |                   |
| Cash and other assets                                     | 13,910   |          |                   | 12,836   |   |
| Total assets                                              | $             | 518,647  |              |               | $      | 488,034  |   |
|                                                           |               |               |                   |
| Credit facility                                           | $             | 399,800  |              |               | $      | 355,400  |   |
| Deferred financing costs                                  | (2,549)       |          |                   | (2,385)       |   |
| Payable for unsettled securities purchased                | 5,198    |          |                   | 8,166    |   |
| Distribution payable                                      | 3,438    |          |                   | 3,650    |   |
| Other liabilities                                         | 5,791    |          |                   | 3,736    |   |
| Total liabilities                                         | 411,678  |          |                   | 368,567  |   |
|                                                           |               |               |                   |
| Members' capital                                          | $             | 106,969  |              |               | $      | 119,467  |   |
| Total liabilities and members' capital                    | $             | 518,647  |              |               | $      | 488,034  |   |

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|                                                                     |                    |              |               |             |                  |             |               |        |   |              |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--------------------|--------------|---------------|-------------|------------------|-------------|---------------|--------|---|--------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
| Selected Statement of Operations Information:                   | Three Months Ended |              |               |             | Six Months Ended |             |               |
|                                                                     | June 30, 2020      |              | June 30, 2019 |             | June 30, 2020    |             | June 30, 2019 |
| Interest income                                                     | $                  | 6,929   |          |             | $                | 6,267  |          |        | $ | 14,336  |   |  | $ | 12,560  |   |
| Other income                                                        | 64            |         |               | 78     |             |             | 245      |   |   | 148     |   |
| Total investment income                                             | 6,993         |         |               | 6,345  |             |             | 14,581   |   |   | 12,708  |   |
|                                                                     |                    |              |               |             |                  |             |               |
| Interest and other financing expenses                               | 3,381         |         |               | 3,350  |             |             | 7,077    |   |   | 6,741   |   |
| Other expenses                                                      | 164           |         |               | 165    |             |             | 321      |   |   | 303     |   |
| Total expenses                                                      | 3,545         |         |               | 3,515  |             |             | 7,398    |   |   | 7,044   |   |
| Less: expenses waived and reimbursed                            | —       |         |               | (22)        |             |             | —  |   |   | (22)         |   |
| Net expenses                                                        | 3,545         |         |               | 3,493  |             |             | 7,398    |   |   | 7,022   |   |
| Net investment income                                               | 3,448         |         |               | 2,852  |             |             | 7,183    |   |   | 5,686   |   |
|                                                                     |                    |              |               |             |                  |             |               |
| Net realized gains on investments                                   | 6             |         |               | 37     |             |             | 4        |   |   | 70      |   |
| Net change in unrealized appreciation (depreciation) of investments | 38,194        |         |               | 688    |             |             | (25,154)      |   |   | 3,655   |   |
| Net increase (decrease) in members' capital                         | $                  | 41,648  |          |             | $                | 3,577  |          |        | $ | (17,967)     |   |  | $ | 9,411   |   |

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|                   |               |                 |              |               |               |               |                |        |   |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |
|-------------------|---------------|-----------------|--------------|---------------|---------------|---------------|----------------|--------|---|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|
|              | Total         |                 | Level I |               | Level II |               | Level III |
| First lien        | $             | 1,633,727  |         |               | $             | —  |           |        | $ | 100,709  |   |  | $ | 1,533,018  |   |
| Second lien       | 688,955  |            |              | —  |          |               | 23,061    |   |   | 665,894  |   |
| Subordinated      | 41,362   |            |              | —  |          |               | —   |   |   | 41,362   |   |
| Equity and other  | 462,418  |            |              | —  |          |               | —   |   |   | 462,418  |   |
| Total investments | $             | 2,826,462  |         |               | $             | —  |           |        | $ | 123,770  |   |  | $ | 2,702,692  |   |

|                   |               |                 |              |               |               |               |                |        |   |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |
|-------------------|---------------|-----------------|--------------|---------------|---------------|---------------|----------------|--------|---|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|
|              | Total         |                 | Level I |               | Level II |               | Level III |
| First lien        | $             | 1,801,615  |         |               | $             | —  |           |        | $ | 263,192  |   |  | $ | 1,538,423  |   |
| Second lien       | 788,868  |            |              | —  |          |               | 369,477   |   |   | 419,391  |   |
| Subordinated      | 66,774   |            |              | —  |          |               | 20,870    |   |   | 45,904   |   |
| Equity and other  | 503,023  |            |              | —  |          |               | —   |   |   | 503,023  |   |
| Total investments | $             | 3,160,280  |         |               | $             | —  |           |        | $ | 653,539  |   |  | $ | 2,506,741  |   |

|                                                                                                                                                                           |              |                 |                 |               |                  |                 |               |        |                      |               |        |  |               |              |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|-----------------|-----------------|---------------|------------------|-----------------|---------------|--------|----------------------|---------------|--------|--|---------------|--------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                      | Total        |                 | First Lien |               | Second Lien |                 | Subordinated  |        | Equity andother |
| Fair value, March 31, 2020                                                                                                                                                | $            | 2,868,149  |            |               | $                | 1,739,055  |          |        | $                    | 629,198  |   |  | $             | 42,052  |   |  | $ | 457,844  |   |
| Total gains or losses included in earnings:                                                                                                                           |         |                 |                 |               |                  |                 |               |        |                      |
| Net realized losses on investments                                                                                                                                        | (2,834)      |            |                 | (2,834)       |             |                 | —  |   |                      | —  |   |  | —  |         |
| Net change in unrealized appreciation                                                                                                                                     | 45,023  |            |                 | 26,916   |             |                 | 16,974   |   |                      | 538      |   |  | 595      |         |
| Purchases, including capitalized PIK and revolver fundings                                                                                                           | 61,880  |            |                 | 50,154   |             |                 | 8,975    |   |                      | (1,228)       |   |  | 3,979    |         |
| Proceeds from sales and paydowns of investments                                                                                                                           | (226,830)    |            |                 | (226,830)     |             |                 | —  |   |                      | —  |   |  | —  |         |
| Transfers into Level III(1)                                                                                                                                               | 32,373  |            |                 | —  |             |                 | 32,373   |   |                      | —  |   |  | —  |         |
| Transfers out of Level III(1)                                                                                                                                             | (75,069)     |            |                 | (53,443)      |             |                 | (21,626)      |   |                      | —  |   |  | —  |         |
| Fair Value, June 30, 2020                                                                                                                                                 | $            | 2,702,692  |            |               | $                | 1,533,018  |          |        | $                    | 665,894  |   |  | $             | 41,362  |   |  | $ | 462,418  |   |
| Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | $            | 41,902     |            |               | $                | 23,795     |          |        | $                    | 16,974   |   |  | $             | 538     |   |  | $ | 595      |   |

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Table of Contents

|                                                                                                                                                                                          |               |                 |                 |               |                  |                 |              |        |                      |               |        |  |               |              |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------|-----------------|---------------|------------------|-----------------|--------------|--------|----------------------|---------------|--------|--|---------------|--------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                                     | Total         |                 | First Lien |               | Second Lien |                 | Subordinated |        | Equity andother |
| Fair value, March 31, 2019                                                                                                                                                               | $             | 1,918,785  |            |               | $                | 1,107,716  |         |        | $                    | 316,510  |   |  | $             | 40,891  |   |  | $ | 453,668  |   |
| Total gains or losses included in earnings:                                                                                                                                          |          |                 |            |               |             |                 |         |        |                 |
| Net realized gains on investments                                                                                                                                                        | 46       |            |                 | 24       |             |                 | 22      |   |                      | —  |   |  | —  |         |
| Net change in unrealized (depreciation) appreciation                                                                                                                                     | (4,571)       |            |                 | (518)         |             |                 | 956     |   |                      | 1,764    |   |  | (6,773)       |         |
| Purchases, including capitalized PIK and revolver fundings                                                                                                                               | 192,131  |            |                 | 138,709  |             |                 | 43,079  |   |                      | 930      |   |  | 9,413    |         |
| Proceeds from sales and paydowns of investments                                                                                                                                          | (63,213)      |            |                 | (21,378)      |             |                 | (41,835)     |   |                      | —  |   |  | —  |         |
| Transfers into Level III (1)                                                                                                                                                             | 115,049  |            |                 | 52,757   |             |                 | 62,292  |   |                      | —  |   |  | —  |         |
| Transfers out of Level III (1)                                                                                                                                                           | (129,785)     |            |                 | (79,157)      |             |                 | (50,628)     |   |                      | —  |   |  | —  |         |
| Fair Value, June 30, 2019                                                                                                                                                                | $             | 2,028,442  |            |               | $                | 1,198,153  |         |        | $                    | 330,396  |   |  | $             | 43,585  |   |  | $ | 456,308  |   |
| Unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | $             | (4,571)         |            |               | $                | (518)           |         |        | $                    | 956      |   |  | $             | 1,764   |   |  | $ | (6,773)       |   |

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

|                                                                                                                                                                           |               |                 |            |               |             |                 |               |        |                  |               |        |  |               |              |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------|------------|---------------|-------------|-----------------|---------------|--------|------------------|---------------|--------|--|---------------|--------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                           | Total         |                 | First Lien |               | Second Lien |                 | Subordinated  |        | Equity and other |
| Fair value, December 31, 2019                                                                                                                                        | $             | 2,506,741  |       |               | $           | 1,538,423  |          |        | $                | 419,391  |   |  | $             | 45,904  |   |  | $ | 503,023  |   |
| Total gains or losses included in earnings:                                                                                                                           |               |                 |            |               |             |                 |               |        |                  |
| Net realized (losses) gains on investments                                                                                                                                | (2,936)       |            |            | (3,019)       |        |                 | —  |   |                  | —  |   |  | 83       |         |
| Net change in unrealized (depreciation)                                                                                                                                   | (134,620)     |            |            | (56,462)      |        |                 | (15,852)      |   |                  | (4,350)       |   |  | (57,956)      |         |
| Purchases, including capitalized PIK and revolver fundings                                                                                                           | 282,356  |            |            | 245,807  |        |                 | 19,473   |   |                  | (192)         |   |  | 17,268   |         |
| Proceeds from sales and paydowns of investments                                                                                                                           | (324,246)     |            |            | (284,155)     |        |                 | (40,091)      |   |                  | —  |   |  | —  |         |
| Transfers into Level III(1)                                                                                                                                               | 375,397  |            |            | 92,424   |        |                 | 282,973  |   |                  | —  |   |  | —  |         |
|                                                                                                                                                                           |               |                 |            |               |             |                 |               |        |                  |
| Fair Value, June 30, 2020                                                                                                                                                 | $             | 2,702,692  |       |               | $           | 1,533,018  |          |        | $                | 665,894  |   |  | $             | 41,362  |   |  | $ | 462,418  |   |
| Unrealized depreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | $             | (134,892)       |       |               | $           | (56,464)        |          |        | $                | (16,122)      |   |  | $             | (4,350)      |   |  | $ | (57,956)      |   |

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Table of Contents

|                                                                                                                                                                           |               |                 |            |               |             |                 |              |        |                  |               |        |  |               |              |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------|------------|---------------|-------------|-----------------|--------------|--------|------------------|---------------|--------|--|---------------|--------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                           | Total         |                 | First Lien |               | Second Lien |                 | Subordinated |        | Equity and other |
| Fair value, December 31, 2018                                                                                                                                        | $             | 1,775,071  |       |               | $           | 987,528    |         |        | $                | 306,815  |   |  | $             | 40,087  |   |  | $ | 440,641  |   |
| Total gains or losses included in earnings:                                                                                                                           |               |                 |            |               |             |                 |              |        |                  |
| Net realized gains on investments                                                                                                                                         | 84       |            |            | 55       |        |                 | 29      |   |                  | —  |   |  | —  |         |
| Net change in unrealized appreciation                                                                                                                                     | 4,599    |            |            | 1,706    |        |                 | 1,264   |   |                  | 1,284    |   |  | 345      |         |
| Purchases, including capitalized PIK and revolver fundings                                                                                                                | 332,072  |            |            | 224,402  |        |                 | 90,134  |   |                  | 2,214    |   |  | 15,322   |         |
| Proceeds from sales and paydowns of investments                                                                                                                           | (73,850)      |            |            | (29,158)      |        |                 | (44,692)     |   |                  | —  |   |  | —  |         |
| Transfers into Level III (1)                                                                                                                                              | 130,098  |            |            | 83,383   |        |                 | 46,715  |   |                  | —  |   |  | —  |         |
| Transfers out of Level III (1)                                                                                                                                            | (139,632)     |            |            | (69,763)      |        |                 | (69,869)     |   |                  | —  |   |  | —  |         |
| Fair Value, June 30, 2019                                                                                                                                                 | $             | 2,028,442  |       |               | $           | 1,198,153  |         |        | $                | 330,396  |   |  | $             | 43,585  |   |  | $ | 456,308  |   |
| Unrealized appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: | $             | 4,430      |       |               | $           | 1,706      |         |        | $                | 1,095    |   |  | $             | 1,284   |   |  | $ | 345      |   |

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|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |            |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|--------------------------------|-----------------|----------|------------------------------|------------------------------|------------------------|-----------------|-----------|--------|------------|-----------------|---------|------------|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|             |                                |                 |     |                              |                         |                        | Range           |           |        |            |                 |
| Type             | Fair Value as of June 30, 2020 |                 | Approach |                              | Unobservable Input           |                        | Low             |      | High   |       | WeightedAverage |
| First lien       | $                              | 1,533,015  |     |                              | Market & income approach |                        | EBITDA multiple |           | 2.0x   |            | 32.0x           |    | 13.4x      |
|                  |                                |                 |          |                              | Revenue multiple             |                        | 3.5x            |           | 11.0x  |       | 6.2x            |
|                  |                           |                 |          |                              | Discount rate                |                        | 4.8        | %         |        | 16.2  | %               |         | 8.4   | %         |
|                  | 3                         |            |          | Market quote                 |                              | Broker quote           |                 | N/A   |        | N/A    |                 | N/A |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |
| Second lien      | 646,339                   |            |          | Market & income approach |                              | EBITDA multiple        |                 | 7.0x      |        | 32.0x      |                 | 14.6x   |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |
|                  |                           |                 |          |                              | Discount rate                |                        | 7.5        | %         |        | 23.4  | %               |         | 9.9   | %         |
|                  | 19,555                    |            |          | Market quote                 |                              | Broker quote           |                 | N/A   |        | N/A    |                 | N/A |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |
| Subordinated     | 41,362                    |            |          | Market & income approach |                              | EBITDA multiple        |                 | 5.0x      |        | 13.0x      |                 | 12.0x   |
|                  |                           |                 |          |                              | Discount rate                |                        | 11.3       | %         |        | 43.0  | %               |         | 22.3  | %         |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |
| Equity and other | 461,498                   |            |          | Market & income approach |                              | EBITDA multiple        |                 | 7.0x      |        | 19.5x      |                 | 12.5x   |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |
|                  |                           |                 |          |                              | Discount rate                |                        | 6.5        | %         |        | 63.4  | %               |         | 13.9  | %         |
|                  | 762                       |            |          | Black Scholes analysis       |                              | Expected life in years |                 | 5.8  |   |            | 5.8        |    |            | 5.8  |   |
|                  |                           |                 |     |                              | Volatility                   |                        | 51.5       | %         |        | 51.5  | %               |         | 51.5  | %         |
|                  |                           |                 |     |                              | Discount rate                |                        | 0.7        | %         |        | 0.7   | %               |         | 0.7   | %         |
|                  | 158                       |            |          | Other                        |                              | N/A(1)             |                 | N/A   |        | N/A    |                 | N/A |
|                  | $                              | 2,702,692  |     |                              |                         |                        |            |           |   |       |            |    |       |

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|                  |                                    |                 |          |                              |                              |                        |                 |           |        |            |                 |         |            |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|------------------------------------|-----------------|----------|------------------------------|------------------------------|------------------------|-----------------|-----------|--------|------------|-----------------|---------|------------|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|             |                                    |                 |     |                              |                         |                        | Range           |           |        |            |                 |
| Type             | Fair Value as of December 31, 2019 |                 | Approach |                              | Unobservable Input           |                        | Low             |      | High   |       | WeightedAverage |
| First lien       | $                                  | 1,239,847  |     |                              | Market & income approach |                        | EBITDA multiple |           | 2.0x   |            | 35.0x           |    | 14.1x      |
|                  |                               |                 |          |                              | Revenue multiple             |                        | 3.5x            |           | 11.0x  |            | 6.5x            |
|                  |                                    |                 |          |                              | Discount rate                |                        | 6.3        | %         |        | 14.8  | %               |         | 8.6   | %         |
|                  | 298,576                       |            |          | Market quote                 |                              | Broker quote           |                 | N/A   |        | N/A    |                 | N/A |
|                  |                                    |                 |          |                              |                              |                        |                 |           |        |            |                 |
| Second lien      | 196,494                       |            |          | Market & income approach |                              | EBITDA multiple        |                 | 6.5x      |        | 32.0x      |                 | 14.8x   |
|                  |                               |                 |          |                              | Revenue multiple             |                        | 0.1x            |           | 1.3x   |            | 0.7x            |
|                  |                                    |                 |          |                              | Discount rate                |                        | 8.6        | %         |        | 20.4  | %               |         | 11.6  | %         |
|                  | 222,897                       |            |          | Market quote                 |                              | Broker quote           |                 | N/A   |        | N/A    |                 | N/A |
| Subordinated     | 45,904                        |            |          | Market & income approach |                              | EBITDA multiple        |                 | 5.5x      |        | 15.0x      |                 | 10.7x   |
|                  |                               |                 |          |                              | Discount rate                |                        | 10.2       | %         |        | 35.0  | %               |         | 18.8  | %         |
| Equity and other | 502,125                       |            |          | Market & income approach |                              | EBITDA multiple        |                 | 5.5x      |        | 19.5x      |                 | 11.9x   |
|                  |                               |                 |          |                              | Revenue multiple             |                        | 0.1x            |           | 1.3x   |            | 0.7x            |
|                  |                                    |                 |          |                              | Discount rate                |                        | 6.2        | %         |        | 57.4  | %               |         | 13.8  | %         |
|                  | 898                           |            |          | Black Scholes analysis       |                              | Expected life in years |                 | 6.3  |   |            | 6.3        |    |            | 6.3  |   |
|                  |                                    |                 |     |                              | Volatility                   |                        | 23.4       | %         |        | 23.4  | %               |         | 23.4  | %         |
|                  |                                    |                 |     |                              | Discount rate                |                        | 1.8        | %         |        | 1.8   | %               |         | 1.8   | %         |
|                  | $                                  | 2,506,741  |     |                              |                         |                        |            |           |   |       |            |    |       |

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|                                                               |                    |               |               |             |                  |               |               |        |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--------------------|---------------|---------------|-------------|------------------|---------------|---------------|--------|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                                                          | Three Months Ended |               |               |             | Six Months Ended |               |               |
|                                                          | June 30, 2020      |               | June 30, 2019 |             | June 30, 2020    |               | June 30, 2019 |
| Management fee                                           | $                  | 13,134   |          |             | $                | 11,640   |          |        | $ | 26,992   |   |  | $ | 22,615   |   |
| Less: management fee waiver                               | (3,183)            |          |               | (2,823)     |             |               | (6,726)       |   |   | (5,356)       |   |
| Total management fee                                          | 9,951         |          |               | 8,817  |             |               | 20,266   |   |   | 17,259   |   |
| Incentive fee, excluding accrued capital gains incentive fees | $                  | 6,896    |          |             | $                | 6,987    |          |        | $ | 14,722   |   |  | $ | 13,850   |   |
|                                                               |                    |               |               |             |                  |               |               |
|                                                               |                    |               |               |             |                  |               |               |
| Accrued capital gains incentive fees(1)                       | $                  | —  |          |             | $                | —  |          |        | $ | —  |   |  | $ | —  |   |

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|                                 |                    |               |               |           |                  |               |               |   |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|---------------|---------------|---|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |               |               |
|                            | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |               | June 30, 2019 |
| Interest expense                | $                  | 3,208    |          |           | $                | 6,352    |          |   | $ | 8,629    |   |  | $ | 12,690   |   |
| Non-usage fee                   | $                  | 330      |          |           | $                | 169      |          |   | $ | 542      |   |  | $ | 286      |   |
| Amortization of financing costs | $                  | 329      |          |           | $                | 702      |          |   | $ | 658      |   |  | $ | 1,381    |   |
| Weighted average interest rate  | 2.4           | %             |               | 4.5  | %                |               | 3.0      | % |   | 4.5      | %      |
| Effective interest rate         | 2.9           | %             |               | 5.1  | %                |               | 3.4      | % |   | 5.1      | %      |
| Average debt outstanding        | $                  | 535,503  |          |           | $                | 565,942  |          |   | $ | 582,523  |   |  | $ | 566,139  |   |

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|                                 |                    |               |               |           |                  |              |               |   |   |               |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|--------------|---------------|---|---|---------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |              |               |
|                            | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |              | June 30, 2019 |
| Interest expense                | $                  | 1,121    |          |           | $                | 1,159   |          |   | $ | 3,061    |   |  | $ | 2,178   |   |
| Non-usage fee                   | $                  | 41       |          |           | $                | 40      |          |   | $ | 41       |   |  | $ | 90      |   |
| Amortization of financing costs | $                  | 34       |          |           | $                | 97      |          |   | $ | 68       |   |  | $ | 219     |   |
| Weighted average interest rate  | 3.1           | %             |               | 5.0  | %                |              | 3.7      | % |   | 5.0      | %      |
| Effective interest rate         | 3.3           | %             |               | 5.6  | %                |              | 3.8      | % |   | 5.8      | %      |
| Average debt outstanding        | $                  | 144,874  |          |           | $                | 92,473  |          |   | $ | 166,687  |   |  | $ | 87,017  |   |

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|                                 |                    |               |               |           |                  |              |               |   |   |               |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|--------------|---------------|---|---|---------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |              |               |
|                            | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |              | June 30, 2019 |
| Interest expense(1)             | $                  | 2,296    |          |           | $                | 912     |          |   | $ | 4,937    |   |  | $ | 1,447   |   |
| Non-usage fee(1)                | $                  | 40       |          |           | $                | 44      |          |   | $ | 97       |   |  | $ | 121     |   |
| Amortization of financing costs | $                  | 160      |          |           | $                | 91      |          |   | $ | 319      |   |  | $ | 156     |   |
| Weighted average interest rate  | 3.7           | %             |               | 5.5  | %                |              | 4.1      | % |   | 5.5      | %      |
| Effective interest rate         | 4.0           | %             |               | 6.3  | %                |              | 4.5      | % |   | 6.6      | %      |
| Average debt outstanding        | $                  | 248,571  |          |           | $                | 66,868  |          |   | $ | 241,813  |   |  | $ | 52,740  |   |

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|                                         |  |  |                        |             |        |  |  |
|-----------------------------------------|--|--|------------------------|-------------|--------|--|--|
|                                         |  |  | 2018 Convertible Notes |
| Initial conversion premium              |  |  | 10.0              | %           |
| Initial conversion rate(1)              |  |  | 65.8762           |        |
| Initial conversion price                |  |  | $                      | 15.18  |   |
| Conversion premium at June 30, 2020     |  |  | 10.0              | %           |
| Conversion rate at June 30, 2020(1)(2)  |  |  | 65.8762           |        |
| Conversion price at June 30, 2020(2)(3) |  |  | $                      | 15.18  |   |
| Last conversion price calculation date  |  |  | August 20, 2019        |

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|                                 |                    |               |               |           |                  |               |               |   |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|---------------|---------------|---|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |               |               |
|                            | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |               | June 30, 2019 |
| Interest expense                | $                  | 2,893    |          |           | $                | 3,579    |          |   | $ | 5,786    |   |  | $ | 7,173    |   |
| Amortization of financing costs | $                  | 98       |          |           | $                | 251      |          |   | $ | 197      |   |  | $ | 597      |   |
| Amortization of premium         | $                  | (25)          |          |           | $                | (30)          |          |   | $ | (51)          |   |  | $ | (57)          |   |
| Weighted average interest rate  | 5.8           | %             |               | 5.4  | %                |               | 5.8      | % |   | 5.4      | %      |
| Effective interest rate         | 5.9           | %             |               | 5.7  | %                |               | 5.9      | % |   | 5.8      | %      |
| Average debt outstanding        | $                  | 201,250  |          |           | $                | 265,701  |          |   | $ | 201,250  |   |  | $ | 267,963  |   |

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|                                 |                    |               |                  |           |                  |               |                  |   |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|------------------|-----------|------------------|---------------|------------------|---|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |                  |           | Six Months Ended |               |                  |
|                            | June 30, 2020      |               | June 30, 2019(1) |           | June 30, 2020    |               | June 30, 2019(1) |
| Interest expense                | $                  | 5,959    |             |           | $                | 5,444    |             |   | $ | 11,919   |   |  | $ | 9,804    |   |
| Amortization of financing costs | $                  | 318      |             |           | $                | 291      |             |   | $ | 635      |   |  | $ | 566      |   |
| Weighted average interest rate  | 5.3           | %             |                  | 5.2  | %                |               | 5.3         | % |   | 5.2      | %      |
| Effective interest rate         | 5.6           | %             |                  | 5.5  | %                |               | 5.6         | % |   | 5.6      | %      |
| Average debt outstanding        | $                  | 453,250  |             |           | $                | 416,124  |             |   | $ | 453,250  |   |  | $ | 376,656  |   |

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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  | %           |
| Interim SBA-guaranteed debentures(2): |  |                       |  |                       |               |                    |             |                        |
|                                           |  | September 1, 2030 (3) |  | 30,000           |          |                    | 1.279  | %                      |   | 0.275  | %           |
|                                           |  | September 1, 2030 (3) |  | 21,000           |          |                    | 1.393  | %                      |   | 0.275  | %           |
| Total SBA-guaranteed debentures           |  |                  |  | $                     | 300,000  |               |             |                   |   |        |

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|                                 |                    |               |               |           |                  |               |               |   |   |               |        |  |   |               |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|---------------|---------------|---|---|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |               |               |
|                                 | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |               | June 30, 2019 |
| Interest expense                | $                  | 2,060    |          |           | $                | 1,359    |          |   | $ | 3,883    |   |  | $ | 2,704    |   |
| Amortization of financing costs | $                  | 251      |          |           | $                | 138      |          |   | $ | 453      |   |  | $ | 274      |   |
| Weighted average interest rate  | 2.8           | %             |               | 3.3  | %                |               | 2.9      | % |   | 3.3      | %      |
| Effective interest rate         | 3.1           | %             |               | 3.6  | %                |               | 3.2      | % |   | 3.6      | %      |
| Average debt outstanding        | $                  | 300,000  |          |           | $                | 165,000  |          |   | $ | 271,549  |   |  | $ | 165,000  |   |

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|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |        |               |        |           |               |        |   |                 |        |  |   |               |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|-------------------|--------|------------|---------------|-----------|--------|-----------------------------------|--|--------------------------------------|--------|---------------------------------------------------|---------------|---------------------------------|---|------------------|--------|----------------------------|---------------|-----------------|--------|---------------|--------|-----------|---------------|--------|---|-----------------|--------|--|---|---------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                |                   |        |            |               |           |        |                                   |  | Accumulated Overdistributed Earnings |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                           | Common Stock |        |            |               |           |        | Paid inCapital inExcess |  | AccumulatedNet Investment            |        | Accumulated Net Realized (Losses)  |               | Net UnrealizedAppreciation |   | Total Net Assets |        | Non-ControllingInterest in |               | Total           |
|                                                                           | Shares            |        | Par Amount |               |           |        | of Par                       |  | Income                               |        | Gains                                             |               | (Depreciation)                  |   | of NMFC          |        | NMNLC                      |               | Net Assets |
| Net assets at December 31, 2019                                                | 96,827,342   |   |            | $             | 968  |   |                                   |  |                                      | $      | 1,287,853                                    |          |                                 | $ | 91,333      |   |                            | $             | (85,448)        |   |               | $      | (11,238)  |          |        | $ | 1,283,468  |   |  | $ | —  |   |  | $ | 1,283,468  |   |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
| Distributions declared                                                         | —      |   |            | —  |      |        |                                   |  | —                         |   |                                                   | (32,921)      |                            |   | —     |   |                            | —  |            |        | (32,921)      |   |           | —  |   |   | (32,921)        |   |
| Purchase of non-controlling interest in NMNLC                                  | —      |   |            | —  |      |        |                                   |  | —                         |   |                                                   | —  |                            |   | —     |   |                            | —  |            |        | —  |   |           | 11,315   |   |   | 11,315     |   |
| Net increase (decrease) in net assets resulting from operations | —      |   |            | —  |      |        |                                   |  | —                         |   |                                                   | 31,305   |                            |   | 114         |   |                            | (203,776)     |            |        | (172,357)     |   |           | (65)          |   |   | (172,422)       |   |
| Net assets at March 31, 2020                                                   | 96,827,342   |   |            | $             | 968  |   |                                   |  |                                      | $      | 1,287,853                                    |          |                                 | $ | 89,717      |   |                            | $             | (85,334)        |   |               | $      | (215,014) |          |        | $ | 1,078,190  |   |  | $ | 11,250   |   |  | $ | 1,089,440  |   |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
| Distributions declared                                                         | —      |   |            | —  |      |        |                                   |  | —                         |   |                                                   | (29,048)      |                            |   | —     |   |                            | —  |            |        | (29,048)      |   |           | (258)         |   |   | (29,306)        |   |
| Net increase (decrease) in net assets resulting from operations | —      |   |            | —  |      |        |                                   |  | —                         |   |                                                   | 27,327   |                            |   | (3,755)          |   |                            | 52,909   |            |        | 76,481   |   |           | 251      |   |   | 76,732     |   |
| Net assets at June 30, 2020                                                    | 96,827,342   |   |            | $             | 968  |   |                                   |  |                                      | $      | 1,287,853                                    |          |                                 | $ | 87,996      |   |                            | $             | (89,089)        |   |               | $      | (162,105) |          |        | $ | 1,125,623  |   |  | $ | 11,243   |   |  | $ | 1,136,866  |   |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |
|                                                                                |                   |        |            |               |           |        |                                   |  |                                      |        |                                                   |               |                                 |   |                  |        |                            |               |                 |

|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |        |               |               |          |             |              |        |              |        |  |                 |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|-------------------|--------|-----------------|---------------|-----------|--------|-----------------------------|-------------|--------------------------------------|--------|--------------------------------|---------------|---------------------------------|---------------|-----------------|--------|---------------|---------------|----------|-------------|--------------|--------|--------------|--------|--|-----------------|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                |                   |        |                 |               |           |        |                             |             | Accumulated Overdistributed Earnings |        |                                |               |                                 |               |                 |
|                                                                           | Common Stock |        |                 |               |           |        | Paid inCapital in |             | AccumulatedNet Investment            |        | Accumulated Net Realized  |               | Net UnrealizedAppreciation |               | Total           |
|                                                                           | Shares            |        | Par Amount |               |           |        | Excess of Par     |             | Income                               |        | (Losses) Gains                 |               | (Depreciation)                  |               | Net Assets |
| Net assets at December 31, 2018                                                | 76,106,372   |   |                 | $             | 761  |   |                             |             |                                      | $      | 1,035,629                 |          |                                 | $             | 61,975     |   |               | $             | (86,338) |        |              | $      | (5,758)      |   |  | $               | 1,006,269  |   |
| Issuances of common stock                                                 | 4,413,058    |   |                 | 44       |      |        |                             |             | 60,617                          |   |                                | —  |                            |               | —    |   |               | —  |     |             | 60,661  |   |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
| Deferred offering costs                                                        | —      |   |                 | —  |      |        |                             |             | (229)                                |   |                                | —  |                            |               | —    |   |               | —  |     |             | (229)        |   |
| Distributions declared                                                         | —      |   |                 | —  |      |        |                             |             | —                         |   |                                | (27,342)      |                            |               | —    |   |               | —  |     |             | (27,342)     |   |
| Net increase (decrease) in net assets resulting from operations | —      |   |                 | —  |      |        |                             |             | —                         |   |                                | 27,450   |                            |               | 46         |   |               | 16,424   |     |             | 43,920  |   |
| Net assets at March 31, 2019                                                   | 80,519,430   |   |                 | $             | 805  |   |                             |             |                                      | $      | 1,096,017                 |          |                                 | $             | 62,083     |   |               | $             | (86,292) |        |              | $      | 10,666  |   |  | $               | 1,083,279  |   |
| Issuances of common stock                                                 | 90,872       |   |                 | 1             |           |        |                             | 1,269  |                                 |        | —                   |          |                                 | —  |            |        | —  |          |          | 1,270  |         |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
| Distributions declared                                                         | —      |   |                 | —  |      |        |                             |             | —                         |   |                                | (27,377)      |                            |               | —    |   |               | —  |     |             | (27,377)     |   |
| Net increase (decrease) in net assets resulting from operations | —      |   |                 | —  |      |        |                             |             | —                         |   |                                | 27,948   |                            |               | 52         |   |               | (4,255)       |     |             | 23,745  |   |
| Balance at June 30, 2019                                                       | 80,610,302   |   |                 | $             | 806  |   |                             |             |                                      | $      | 1,097,286                 |          |                                 | $             | 62,654     |   |               | $             | (86,240) |        |              | $      | 6,411   |   |  | 1,080,917  |            |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |
|                                                                                |                   |        |                 |               |           |        |                             |             |                                      |        |                                |               |                                 |               |                 |

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|                                                                           |                    |              |               |                  |                  |              |                   |        |   |                  |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------|--------------------|--------------|---------------|------------------|------------------|--------------|-------------------|--------|---|------------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
|                                                                      | Three Months Ended |              |               |                  | Six Months Ended |              |                   |
|                                                                      | June 30, 2020      |              | June 30, 2019 |                  | June 30, 2020    |              | June 30, 2019     |
| Earnings (loss) per share—basic                                     |               |              |          |                  |             |              |              |
| Numerator for basic earnings (loss) per share:                        | $                  | 76,481  |          |                  | $                | 23,745  |              |        | $ | (95,876)         |   |  | $ | 67,665  |   |
| Denominator for basic weighted average share:                         | 96,827,342    |         |               | 80,522,426  |             |              | 96,827,342   |   |   | 79,495,737  |   |
| Basic earnings (loss) per share:                                      | $                  | 0.79    |          |                  | $                | 0.29    |              |        | $ | (0.99)           |   |  | $ | 0.85    |   |
| Earnings (loss) per share—diluted(1)                                |                    |              |               |                  |             |              |              |
| Numerator for increase (decrease) in net assets per share                 | $                  | 76,481  |          |                  | $                | 23,745  |              |        | $ | (95,876)         |   |  | $ | 67,665  |   |
| Adjustment for interest on Convertible Notes and incentive fees, net | 2,314         |         |               | 2,863       |             |              | 4,629        |   |   | 5,738       |   |
| Numerator for diluted earnings (loss) per share:                      | $                  | 78,795  |          |                  | $                | 26,608  |              |        | $ | (91,247)         |   |  | $ | 73,403  |   |
| Denominator for basic weighted average share                              | 96,827,342    |         |               | 80,522,426  |             |              | 96,827,342   |   |   | 79,495,737  |   |
| Adjustment for dilutive effect of Convertible Notes                       | 13,257,585    |         |               | 17,171,073  |             |              | 13,257,585   |   |   | 17,284,850  |   |
| Denominator for diluted weighted average share                            | 110,084,927   |         |               | 97,693,499  |             |              | 110,084,927  |   |   | 96,780,587  |   |
| Diluted earnings (loss) per share:                                    | $                  | 0.72    |          |                  | $                | 0.27    |              |        | $ | (0.99)           |   |  | $ | 0.76    |   |

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|                                                                              |                  |                 |               |                  |        |                 |        |  |  |  |  |
|------------------------------------------------------------------------------|------------------|-----------------|---------------|------------------|--------|-----------------|--------|--|--|--|--|
|                                                                         | Six Months Ended |                 |               |
|                                                                         | June 30, 2020    |                 | June 30, 2019 |
| Per share data(1):                                                       |             |                 |          |
| Net asset value, January 1, 2020 and January 1, 2019, respectively | $                | 13.26      |          |                  | $      | 13.22      |   |
| Net investment income                                                        | 0.61        |            |               | 0.70        |   |
| Net realized and unrealized gains (losses)(2)                                | (1.60)           |            |               | 0.17        |   |
| Total net (decrease) increase                                                | (0.99)           |            |               | 0.87        |   |
| Distributions declared to stockholders from net investment income            | (0.64)           |            |               | (0.68)           |   |
| Net asset value, June 30, 2020 and June 30, 2019, respectively          | $                | 11.63      |          |                  | $      | 13.41      |   |
| Per share market value, June 30, 2020 and June 30, 2019, respectively        | $                | 9.29       |          |                  | $      | 13.97      |   |
| Total return based on market value(3)                                        | (26.75)          | %               |               | 16.60       | %      |
| Total return based on net asset value(4)                                     | (7.32)           | %               |               | 6.63        | %      |
| Shares outstanding at end of period                                          | 96,827,342  |            |               | 80,610,302  |   |
| Average weighted shares outstanding for the period                           | 96,827,342  |            |               | 79,495,737  |   |
| Average net assets for the period                                            | $                | 1,181,090  |          |                  | $      | 1,081,666  |   |
| Ratio to average net assets:                                             |             |                 |          |
| Net investment income                                                        | 10.03       | %               |               | 10.33       | %      |
| Total expenses, before waivers/reimbursements                            | 15.02       | %               |               | 15.09       | %      |
| Total expenses, net of waivers/reimbursements                            | 13.82       | %               |               | 14.03       | %      |
| Average debt outstanding—Holdings Credit Facility                      | $                | 582,523    |          |                  | $      | 566,139    |   |
| Average debt outstanding—Unsecured Notes                               | 453,250     |            |               | 376,656     |   |
| Average debt outstanding—Convertible Notes                             | 201,250     |            |               | 267,963     |   |
| Average debt outstanding—SBA-guaranteed debentures                     | 271,549     |            |               | 165,000     |   |
| Average debt outstanding—NMFC Credit Facility                          | 166,687     |            |               | 87,017      |   |
| Average debt outstanding—DB Credit Facility                            | 241,813     |            |               | 52,740      |   |
|                                                                              |                  |                 |               |
| Asset coverage ratio(5)                                                      | 177.71      | %               |               | 175.12      | %      |
| Portfolio turnover                                                           | 7.45        | %               |               | 2.88        | %      |

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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) |  | Total         |                 | Level I |               | Level II |               | Level III |
| First lien          |  | $             | 1,633,727  |         |               | $             | —  |           |        | $ | 100,709  |   |  | $ | 1,533,018  |   |
| Second lien         |  | 688,955  |            |              | —  |          |               | 23,061    |   |   | 665,894  |   |
| Subordinated        |  | 41,362   |            |              | —  |          |               | —   |   |   | 41,362   |   |
| Equity and other    |  | 462,418  |            |              | —  |          |               | —   |   |   | 462,418  |   |
| Total investments   |  | $             | 2,826,462  |         |               | $             | —  |           |        | $ | 123,770  |   |  | $ | 2,702,692  |   |

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|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |            |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|--------------------------------|-----------------|----------|------------------------------|------------------------------|------------------------|-----------------|-----------|--------|------------|-----------------|---------|------------|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (in thousands)   |                                |                 |     |                              |                         |                        | Range           |           |        |            |                 |    |
| Type             | Fair Value as of June 30, 2020 |                 | Approach |                              | Unobservable Input           |                        | Low             |      | High   |       | WeightedAverage |    |
| First lien       | $                              | 1,533,015  |     |                              | Market & income approach |                        | EBITDA multiple |           | 2.0x   |            | 32.0x           |    | 13.4x      |           |
|                  |                                |                 |          |                              | Revenue multiple             |                        | 3.5x            |           | 11.0x  |       | 6.2x            |         |
|                  |                           |                 |          |                              | Discount rate                |                        | 4.8        | %         |        | 16.2  | %               |         | 8.4   | %         |        |
|                  | 3                         |            |          | Market quote                 |                              | Broker quote           |                 | N/A   |        | N/A    |                 | N/A |            |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |
| Second lien      | 646,339                   |            |          | Market & income approach |                              | EBITDA multiple        |                 | 7.0x      |        | 32.0x      |                 | 14.6x   |            |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |
|                  |                           |                 |          |                              | Discount rate                |                        | 7.5        | %         |        | 23.4  | %               |         | 9.9   | %         |        |
|                  | 19,555                    |            |          | Market quote                 |                              | Broker quote           |                 | N/A   |        | N/A    |                 | N/A |            |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |
| Subordinated     | 41,362                    |            |          | Market & income approach |                              | EBITDA multiple        |                 | 5.0x      |        | 13.0x      |                 | 12.0x   |            |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |
|                  |                           |                 |          |                              | Discount rate                |                        | 11.3       | %         |        | 43.0  | %               |         | 22.3  | %         |        |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |
| Equity and other | 461,498                   |            |          | Market & income approach |                              | EBITDA multiple        |                 | 7.0x      |        | 19.5x      |                 | 12.5x   |            |
|                  |                                |                 |          |                              |                              |                        |                 |           |        |            |                 |         |
|                  |                           |                 |          |                              | Discount rate                |                        | 6.5        | %         |        | 63.4  | %               |         | 13.9  | %         |        |
|                  | 762                       |            |          | Black Scholes analysis       |                              | Expected life in years |                 | 5.8  |   |            | 5.8        |    |            | 5.8  |   |  |
|                  |                           |                 |     |                              | Volatility                   |                        | 51.5       | %         |        | 51.5  | %               |         | 51.5  | %         |        |
|                  |                           |                 |     |                              | Discount rate                |                        | 0.7        | %         |        | 0.7   | %               |         | 0.7   | %         |        |
|                  | 158                       |            |          | Other                        |                              | N/A(1)             |                 | N/A   |        | N/A    |                 | N/A |            |
|                  | $                              | 2,702,692  |     |                              |                         |                        |            |           |   |            |            |    |       |           |

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|                                                              |  |               |               |                   |            |               |        |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|---------------|---------------|-------------------|------------|---------------|--------|--|--|--|--|--|--|--|
| (in thousands)                                               |  | June 30, 2020 |               | December 31, 2019 |
| First lien investments (1)                                   |  | $             | 306,960  |              |            | 351,160  |   |
| Weighted average interest rate on first lien investments (2) |  | 5.24     | %             |                   | 6.29  | %             |
| Number of portfolio companies in SLP II                      |  | 35       |          |                   | 37    |          |
| Largest portfolio company investment (1)                     |  | $             | 17,367   |              |            | 17,456   |   |
| Total of five largest portfolio company investments (1)      |  | $             | 78,270   |              |            | 78,932   |   |

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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:       |  |                                   |  |                                      |  |                    |  | (in thousands)                      |               | (in thousands) |               | (in thousands) |
| Access CIG, LLC                            |  | Business Services                 |  |  3.92% (L + 3.75%)              |  | 2/27/2025  |  | $                                   | 4,637    |           |               | $              | 4,620    |         |        | $ | 4,432    |   |
| ADG, LLC                                   |  | Healthcare Services               |  |  6.25 % (L + 2.50% + 2.75% PIK) |  | 9/28/2023  |  | 16,297                         |          |                | 16,214   |           |               | 14,160  |   |
| Advisor Group Holdings, Inc.               |  | Consumer Services                 |  |  5.18% (L + 5.00%)              |  | 7/31/2026  |  | 4,975                          |          |                | 4,930    |           |               | 4,664   |   |
| Bearcat Buyer, Inc.                        |  | Healthcare Services               |  |  5.25% (L + 4.25%)              |  | 7/9/2026   |  | 90                             |          |                | 90       |           |               | 90      |   |
| Bearcat Buyer, Inc.                        |  | Healthcare Services               |  |  5.25% (L + 4.25%)              |  | 7/9/2026   |  | 1,372                          |          |                | 1,366    |           |               | 1,365   |   |
| Bleriot US Bidco Inc.                      |  | Federal Services                  |  |  5.06% (L + 4.75%)              |  | 10/31/2026 |  | 1,348                          |          |                | 1,335    |           |               | 1,297   |   |
| Bleriot US Bidco Inc.                      |  | Federal Services                  |  |  5.06% (L + 4.75%)              |  | 10/30/2026 |  | 8,627                          |          |                | 8,546    |           |               | 8,303   |   |
| Brave Parent Holdings, Inc.                |  | Software                          |  |  4.18% (L + 4.00%)              |  | 4/18/2025  |  | 3,671                          |          |                | 3,661    |           |               | 3,568   |   |
| CentralSquare Technologies, LLC            |  | Software                          |  |  3.93% (L + 3.75%)              |  | 8/29/2025  |  | 14,775                         |          |                | 14,746   |           |               | 13,098  |   |
| CHA Holdings, Inc.                         |  | Business Services                 |  |  5.57% (L + 4.50%)              |  | 4/10/2025  |  | 2,037                          |          |                | 2,028    |           |               | 1,982   |   |
| CHA Holdings, Inc.                         |  | Business Services                 |  |  5.57% (L + 4.50%)              |  | 4/10/2025  |  | 10,642                         |          |                | 10,607   |           |               | 10,357  |   |
| CommerceHub, Inc.                          |  | Software                          |  |  3.68% (L + 3.50%)              |  | 5/21/2025  |  | 2,450                          |          |                | 2,441    |           |               | 2,352   |   |
| Dealer Tire, LLC                           |  | Distribution & Logistics      |  |  4.43% (L + 4.25%)              |  | 12/12/2025 |  | 7,462                          |          |                | 7,445    |           |               | 7,152   |   |
| Drilling Info Holdings, Inc.               |  | Business Services                 |  |  4.43% (L + 4.25%)              |  | 7/30/2025  |  | 14,683                         |          |                | 14,633   |           |               | 13,812  |   |
| Edgewood Partners Holdings LLC             |  | Business Services                 |  |  5.25% (L + 4.25%)              |  | 9/6/2024   |  | 7,394                          |          |                | 7,335    |           |               | 7,024   |   |
| eResearchTechnology, Inc.                  |  | Healthcare Services               |  |  5.50% (L + 4.50%)              |  | 2/4/2027   |  | 3,145                          |          |                | 3,115    |           |               | 3,097   |   |
| Fastlane Parent Company, Inc.              |  | Distribution & Logistics      |  |  4.68% (L + 4.50%)              |  | 2/4/2026   |  | 3,456                          |          |                | 3,399    |           |               | 3,258   |   |
| Greenway Health, LLC                       |  | Software                          |  |  4.82% (L + 3.75%)              |  | 2/16/2024  |  | 14,550                         |          |                | 14,509   |           |               | 11,504  |   |
| Help/Systems Holdings, Inc.            |  | Software                          |  |  5.75% (L + 4.75%)              |  | 11/19/2026 |  | 4,433                          |          |                | 4,392    |           |               | 4,311   |   |
| Institutional Shareholder Services Inc.    |  | Business Services                 |  |  5.57% (L + 4.50%)              |  | 3/5/2026   |  | 13,825                         |          |                | 13,708   |           |               | 13,549  |   |
| Keystone Acquisition Corp.                 |  | Healthcare Services               |  |  6.25% (L + 5.25%)              |  | 5/1/2024   |  | 5,252                          |          |                | 5,219    |           |               | 5,034   |   |
| LSCS Holdings, Inc.                        |  | Healthcare Services               |  |  5.32% (L + 4.25%)              |  | 3/17/2025  |  | 1,874                          |          |                | 1,873    |           |               | 1,791   |   |
| LSCS Holdings, Inc.                        |  | Healthcare Services               |  |  5.32% (L + 4.25%)              |  | 3/17/2025  |  | 7,261                          |          |                | 7,254    |           |               | 6,939   |   |
| Market Track, LLC                          |  | Business Services                 |  |  5.25% (L + 4.25%)              |  | 6/5/2024   |  | 11,640                         |          |                | 11,604   |           |               | 11,010  |   |
| Medical Solutions Holdings, Inc.           |  | Healthcare Services               |  |  5.50% (L + 4.50%)              |  | 6/14/2024  |  | 2,781                          |          |                | 2,773    |           |               | 2,698   |   |
| Ministry Brands, LLC                       |  | Software                          |  |  5.00% (L + 4.00%)              |  | 12/2/2022  |  | 2,084                          |          |                | 2,079    |           |               | 2,037   |   |
| Ministry Brands, LLC                       |  | Software                          |  |  5.00% (L + 4.00%)              |  | 12/2/2022  |  | 875                            |          |                | 873      |           |               | 856     |   |
| Ministry Brands, LLC                       |  | Software                          |  |  5.00% (L + 4.00%)              |  | 12/2/2022  |  | 12,097                         |          |                | 12,068   |           |               | 11,827  |   |
| NorthStar Financial Services Group, LLC    |  | Software                          |  |  4.00% (L + 3.25%)              |  | 5/25/2025  |  | 5,885                          |          |                | 5,863    |           |               | 5,630   |   |
| Peraton Corp. (fka MHVC Acquisition Corp.) |  | Federal Services                  |  |  6.25% (L + 5.25%)              |  | 4/29/2024  |  | 10,185                         |          |                | 10,154   |           |               | 9,829   |   |
| Premise Health Holding Corp.               |  | Healthcare Services               |  |  3.81% (L + 3.50%)              |  | 7/10/2025  |  | 1,365                          |          |                | 1,360    |           |               | 1,311   |   |
| Project Accelerate Parent, LLC             |  | Business Services                 |  |  5.29% (L + 4.25%)              |  | 1/2/2025   |  | 12,482                         |          |                | 12,438   |           |               | 10,672  |   |
| PSC Industrial Holdings Corp.              |  | Industrial Services               |  |  4.98% (L + 3.75%)              |  | 10/11/2024 |  | 3,044                          |          |                | 3,024    |           |               | 2,755   |   |
| Quest Software US Holdings Inc.            |  | Software                          |  |  5.01% (L + 4.25%)              |  | 5/16/2025  |  | 14,775                         |          |                | 14,720   |           |               | 14,209  |   |
| Salient CRGT Inc.                          |  | Federal Services                  |  |  7.57% (L + 6.50%)              |  | 2/28/2022  |  | 12,853                         |          |                | 12,805   |           |               | 12,485  |   |
| Wirepath LLC                               |  | Distribution & Logistics      |  |  5.07% (L + 4.00%)              |  | 8/5/2024   |  | 14,738                         |          |                | 14,737   |           |               | 12,232  |   |
| WP CityMD Bidco LLC                        |  | Healthcare Services               |  |  5.54% (L + 4.50%)              |  | 8/13/2026  |  | 5,445                          |          |                | 5,396    |           |               | 5,375   |   |
| Wrench Group LLC                           |  | Consumer Services                 |  |  4.31% (L + 4.00%)              |  | 4/30/2026  |  | 1,495                          |          |                | 1,480    |           |               | 1,405   |   |
| Wrench Group LLC                           |  | Consumer Services                 |  |  4.31% (L + 4.00%)              |  | 4/30/2026  |  | 4,455                          |          |                | 4,417    |           |               | 4,188   |   |
| YI, LLC                                    |  | Healthcare Services               |  |  5.07% (L + 4.00%)              |  | 11/7/2024  |  | 14,725                         |          |                | 14,716   |           |               | 12,958  |   |
| Zelis Cost Management Buyer, Inc.          |  | Healthcare Information Technology |  |  4.93% (L + 4.75%)              |  | 9/30/2026  |  | 4,109                          |          |                | 4,071    |           |               | 4,039   |   |
| Zywave, Inc.                               |  | Software                          |  |  6.00% (L + 5.00%)              |  | 11/17/2022 |  | 16,888                         |          |                | 16,850   |           |               | 16,855  |   |
| Zywave, Inc.                               |  | Software                          |  |  6.00% (L + 5.00%)              |  | 11/17/2022 |  | 479                            |          |                | 475      |           |               | 478     |   |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |                |               |                |
| Total Funded Investments                   |  |                                   |  |                                      |  |                    |  | $                                   | 306,656  |           |               | $              | 305,369  |         |        | $ | 285,988  |   |
| Unfunded Investments - First lien:     |  |                                   |  |                                      |  |                    |  |                                     |               |                |               |                |
| Bearcat Buyer, Inc.                        |  | Healthcare Services               |  | —                              |  | 7/9/2021   |  | $                                   | 194      |           |               | $              | (1)           |         |        | $ | (1)           |   |
| Premise Health Holding Corp.               |  | Healthcare Services               |  | —                              |  | 7/10/2020  |  | 110                            |          |                | —  |           |               | (4)          |   |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |                |               |                |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |                |               |                |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |                |               |                |
|                                            |  |                                   |  |                                      |  |                    |  |                                     |               |                |               |                |
| Total Unfunded Investments                 |  |                                   |  |                                      |  |                    |  | $                                   | 304      |           |               | $              | (1)           |         |        | $ | (5)           |   |
| Total Investments                          |  |                                   |  |                                      |  |                    |  | $                                   | 306,960  |           |               | $              | 305,368  |         |        | $ | 285,983  |   |

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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                             |  |                              |  |                                     |  |                    |  | (in thousands)                      |               | (in thousands) |               | (in thousands) |
| Access CIG, LLC                                             |  | Business Services            |  |  5.44% (L + 3.75%)             |  | 2/27/2025  |  | $                                   | 9,833    |           |               | $              | 9,794    |          |        | $ | 9,841    |   |
| ADG, LLC                                                    |  | Healthcare Services          |  |  7.17% (L + 4.75% + 0.50% PIK) |  | 9/28/2023  |  | 16,074                         |          |                | 15,980   |           |               | 15,813   |   |
| Advisor Group Holdings, Inc.                                |  | Consumer Services            |  |  6.80% (L + 5.00%)             |  | 7/31/2026  |  | 5,000                          |          |                | 4,952    |           |               | 4,972    |   |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  |  6.19% (L + 4.25%)             |  | 7/9/2026   |  | 1,379                          |          |                | 1,372    |           |               | 1,372    |   |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  |  6.19% (L + 4.25%)             |  | 7/9/2026   |  | 90                             |          |                | 90       |           |               | 90       |   |
| Bleriot US Bidco Inc.                                       |  | Federal Services             |  |  6.69% (L + 4.75%)             |  | 10/30/2026 |  | 8,649                          |          |                | 8,563    |           |               | 8,746    |   |
| Brave Parent Holdings, Inc.                                 |  | Software                     |  |  5.93% (L + 4.00%)             |  | 4/18/2025  |  | 15,267                         |          |                | 15,222   |           |               | 15,045   |   |
| CentralSquare Technologies, LLC                             |  | Software                     |  |  5.55% (L + 3.75%)             |  | 8/29/2025  |  | 14,850                         |          |                | 14,819   |           |               | 14,231   |   |
| CHA Holdings, Inc.                                          |  | Business Services            |  |  6.44% (L + 4.50%)             |  | 4/10/2025  |  | 10,697                         |          |                | 10,658   |           |               | 10,683   |   |
| CHA Holdings, Inc.                                          |  | Business Services            |  |  6.44% (L + 4.50%)             |  | 4/10/2025  |  | 2,047                          |          |                | 2,037    |           |               | 2,044    |   |
| CommerceHub, Inc.                                           |  | Software                     |  |  5.30% (L + 3.50%)             |  | 5/21/2025  |  | 2,463                          |          |                | 2,453    |           |               | 2,432    |   |
| Drilling Info Holdings, Inc.                                |  | Business Services            |  |  6.05% (L + 4.25%)             |  | 7/30/2025  |  | 14,758                         |          |                | 14,703   |           |               | 14,696   |   |
| Edgewood Partners Holdings LLC                              |  | Business Services            |  |  6.05% (L + 4.25%)             |  | 9/6/2024   |  | 7,432                          |          |                | 7,367    |           |               | 7,413    |   |
| Explorer Holdings, Inc.                                     |  | Healthcare Services          |  |  6.26% (L + 4.50%)             |  | 11/20/2026 |  | 3,145                          |          |                | 3,113    |           |               | 3,171    |   |
| Fastlane Parent Company, Inc.                               |  | Distribution & Logistics |  |  6.44% (L + 4.50%)             |  | 2/4/2026   |  | 3,474                          |          |                | 3,411    |           |               | 3,448    |   |
| Greenway Health, LLC                                        |  | Software                     |  |  5.69% (L + 3.75%)             |  | 2/16/2024  |  | 14,625                         |          |                | 14,578   |           |               | 13,053   |   |
| Help/Systems Holdings, Inc.                             |  | Software                     |  |  6.55% (L + 4.75%)             |  | 11/19/2026 |  | 4,444                          |          |                | 4,400    |           |               | 4,428    |   |
| Idera, Inc.                                                 |  | Software                     |  |  6.30% (L + 4.50%)             |  | 6/28/2024  |  | 4,446                          |          |                | 4,417    |           |               | 4,449    |   |
| Institutional Shareholder Services Inc.                     |  | Business Services            |  |  6.44% (L + 4.50%)             |  | 3/5/2026   |  | 13,895                         |          |                | 13,769   |           |               | 13,687   |   |
| Keystone Acquisition Corp.                                  |  | Healthcare Services          |  |  7.19% (L + 5.25%)             |  | 5/1/2024   |  | 5,278                          |          |                | 5,243    |           |               | 5,173    |   |
| LSCS Holdings, Inc.                                         |  | Healthcare Services          |  |  6.31% (L + 4.25%)             |  | 3/17/2025  |  | 7,298                          |          |                | 7,290    |           |               | 7,225    |   |
| LSCS Holdings, Inc.                                         |  | Healthcare Services          |  |  6.31% (L + 4.25%)             |  | 3/17/2025  |  | 1,884                          |          |                | 1,882    |           |               | 1,865    |   |
| Market Track, LLC                                           |  | Business Services            |  |  6.18% (L + 4.25%)             |  | 6/5/2024   |  | 11,700                         |          |                | 11,660   |           |               | 10,530   |   |
| MediaOcean, LLC                                             |  | Software                     |  |  5.80% (L + 4.00%)             |  | 8/18/2025  |  | 7,392                          |          |                | 7,372    |           |               | 7,410    |   |
| Medical Solutions Holdings, Inc.                            |  | Healthcare Services          |  |  6.30% (L + 4.50%)             |  | 6/14/2024  |  | 2,795                          |          |                | 2,786    |           |               | 2,791    |   |
| Ministry Brands, LLC                                        |  | Software                     |  |  5.85% (L + 4.00%)             |  | 12/2/2022  |  | 12,160                         |          |                | 12,124   |           |               | 12,160   |   |
| Ministry Brands, LLC                                        |  | Software                     |  |  5.85% (L + 4.00%)             |  | 12/2/2022  |  | 2,095                          |          |                | 2,089    |           |               | 2,095    |   |
| Ministry Brands, LLC                                        |  | Software                     |  |  5.85% (L + 4.00%)             |  | 12/2/2022  |  | 880                            |          |                | 877      |           |               | 880      |   |
| NorthStar Financial Services Group, LLC                     |  | Software                     |  |  5.30% (L + 3.50%)             |  | 5/25/2025  |  | 5,885                          |          |                | 5,861    |           |               | 5,789    |   |
| Peraton Corp. (fka MHVC Acquisition Corp.)                  |  | Federal Services             |  |  7.05% (L + 5.25%)             |  | 4/29/2024  |  | 10,237                         |          |                | 10,203   |           |               | 10,193   |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  |  5.44% (L + 3.50%)             |  | 7/10/2025  |  | 1,372                          |          |                | 1,367    |           |               | 1,358    |   |
| Project Accelerate Parent, LLC                              |  | Business Services            |  |  5.99% (L + 4.25%)             |  | 1/2/2025   |  | 13,545                         |          |                | 13,494   |           |               | 13,511   |   |
| PSC Industrial Holdings Corp.                               |  | Industrial Services          |  |  5.49% (L + 3.75%)             |  | 10/11/2024 |  | 7,305                          |          |                | 7,252    |           |               | 7,269    |   |
| Quest Software US Holdings Inc.                             |  | Software                     |  |  6.18% (L + 4.25%)             |  | 5/16/2025  |  | 14,850                         |          |                | 14,790   |           |               | 14,739   |   |
| Salient CRGT Inc.                                           |  | Federal Services             |  |  8.29% (L + 6.50%)             |  | 2/28/2022  |  | 13,134                         |          |                | 13,071   |           |               | 12,510   |   |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.) |  | Education                    |  |  6.19% (L + 4.25%)             |  | 7/30/2025  |  | 716                            |          |                | 715      |           |               | 721      |   |
| Wirepath LLC                                                |  | Distribution & Logistics |  |  5.94% (L + 4.00%)             |  | 8/5/2024   |  | 14,813                         |          |                | 14,813   |           |               | 12,886   |   |
| WP CityMD Bidco LLC                                         |  | Healthcare Services          |  |  6.44% (L + 4.50%)             |  | 8/13/2026  |  | 15,000                         |          |                | 14,855   |           |               | 15,038   |   |
| Wrench Group LLC                                            |  | Consumer Services            |  |  6.19% (L + 4.25%)             |  | 4/30/2026  |  | 4,478                          |          |                | 4,435    |           |               | 4,488    |   |
| YI, LLC                                                     |  | Healthcare Services          |  |  5.94% (L + 4.00%)             |  | 11/7/2024  |  | 14,801                         |          |                | 14,791   |           |               | 13,839   |   |
| Zelis Cost Management Buyer, Inc.                           |  | Healthcare I.T.              |  |  6.55% (L + 4.75%)             |  | 9/30/2026  |  | 10,363                         |          |                | 10,261   |           |               | 10,427   |   |
| Zywave, Inc.                                                |  | Software                     |  |  6.93% (L + 5.00%)             |  | 11/17/2022 |  | 16,975                         |          |                | 16,930   |           |               | 16,975   |   |
| Zywave, Inc.                                                |  | Software                     |  |  6.84% (L + 5.00%)             |  | 11/17/2022 |  | 481                            |          |                | 477      |           |               | 481      |   |
| Total Funded Investments                                    |  |                              |  |                                     |  |                    |  | $                                   | 348,005  |           |               | $              | 346,336  |          |        | $ | 339,967  |   |
| Unfunded Investments - First lien                           |  |                              |  |                                     |  |                    |  |                                     |               |                |               |                |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  | —                             |  | 7/9/2021   |  | $                                   | 194      |           |               | $              | (1)           |          |        | $ | (1)           |   |
| Bleriot US Bidco Inc.                                       |  | Federal Services             |  | —                             |  | 10/31/2020 |  | 1,351                          |          |                | (14)          |           |               | 15       |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  | —                             |  | 7/10/2020  |  | 110                            |          |                | —  |           |               | —  |   |

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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) |
| Wrench Group LLC                         |  | Consumer Services |  | —           |  | 4/30/2021 |  | $                                   | 1,500    |       |      | $              | —  |     |        | $ | 4        |   |
| Total Unfunded Investments               |  |                   |  |                   |  |                   |  | 3,155                          |          |            | (15) |           |               | 18  |   |
| Total Investments                        |  |                   |  |                   |  |                   |  | $                                   | 351,160  |       |      | $              | 346,321  |     |        | $ | 339,985  |   |

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

|                                                                         |                |               |                   |               |        |               |        |  |  |  |  |
|-------------------------------------------------------------------------|----------------|---------------|-------------------|---------------|--------|---------------|--------|--|--|--|--|
| Selected Balance Sheet Information:                                 | June 30, 2020  |               | December 31, 2019 |
|                                                                         | (in thousands) |               | (in thousands)    |
| Investments at fair value (cost of $305,368 and $346,321, respectively) | $              | 285,983  |              |               | $      | 339,985  |   |
|                                                                         |                |               |                   |
| Cash and other assets                                                   | 8,520     |          |                   | 8,159    |   |
| Total assets                                                            | $              | 294,503  |              |               | $      | 348,144  |   |
|                                                                         |                |               |                   |
| Credit facility                                                         | $              | 211,070  |              |               | $      | 246,870  |   |
| Deferred financing costs                                                | (982)          |          |                   | (1,408)       |   |
| Distribution payable                                                    | 2,667     |          |                   | 3,250    |   |
| Payable for unsettled securities purchased                              | —   |          |                   | 3,113    |   |
| Other liabilities                                                       | 1,289     |          |                   | 2,367    |   |
| Total liabilities                                                       | 214,044   |          |                   | 254,192  |   |
|                                                                         |                |               |                   |
| Members' capital                                                        | $              | 80,459   |              |               | $      | 93,952   |   |
| Total liabilities and members' capital                                  | $              | 294,503  |              |               | $      | 348,144  |   |

|                                                                     |                    |              |                |             |                  |             |                |        |   |              |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--------------------|--------------|----------------|-------------|------------------|-------------|----------------|--------|---|--------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
| Selected Statement of Operations Information:                   | Three Months Ended |              |                |             | Six Months Ended |             |                |
|                                                                     | June 30, 2020      |              | June 30, 2019  |             | June 30, 2020    |             | June 30, 2019  |
|                                                                     | (in thousands)     |              | (in thousands) |             | (in thousands)   |             | (in thousands) |
| Interest income                                                     | $                  | 4,532   |           |             | $                | 6,345  |           |        | $ | 9,979   |   |  | $ | 12,568  |   |
| Other income                                                        | 17            |         |                | 32     |             |             | 70        |   |   | 58      |   |
| Total investment income                                             | 4,549         |         |                | 6,377  |             |             | 10,049    |   |   | 12,626  |   |
|                                                                     |                    |              |                |             |                  |             |                |
| Interest and other financing expenses                               | 1,361         |         |                | 2,966  |             |             | 3,506     |   |   | 5,739   |   |
| Other expenses                                                      | 130           |         |                | 144    |             |             | 262       |   |   | 279     |   |
| Total expenses                                                      | 1,491         |         |                | 3,110  |             |             | 3,768     |   |   | 6,018   |   |
| Less: expenses waived and reimbursed                            | —       |         |                | (20)        |             |             | —   |   |   | (20)         |   |
| Net expenses                                                        | 1,491         |         |                | 3,090  |             |             | 3,768     |   |   | 5,998   |   |
| Net investment income                                               | 3,058         |         |                | 3,287  |             |             | 6,281     |   |   | 6,628   |   |
|                                                                     |                    |              |                |             |                  |             |                |
| Net realized (losses) gains on investments                          | (862)              |         |                | 253    |             |             | (806)          |   |   | 261     |   |
| Net change in unrealized appreciation (depreciation) of investments | 21,752        |         |                | (487)       |             |             | (13,049)       |   |   | 1,060   |   |
| Net increase (decrease) in members' capital                         | $                  | 23,948  |           |             | $                | 3,053  |           |        | $ | (7,574)      |   |  | $ | 7,949   |   |
|                                                                     |                    |              |                |             |                  |             |                |

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Table of Contents

|                                                              |  |               |               |                   |            |               |        |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--|---------------|---------------|-------------------|------------|---------------|--------|--|--|--|--|--|--|--|
| (in thousands)                                               |  | June 30, 2020 |               | December 31, 2019 |
| First lien investments (1)                                   |  | $             | 548,486  |              |            | 493,787  |   |
| Weighted average interest rate on first lien investments (2) |  | 4.71     | %             |                   | 5.95  | %             |
| Number of portfolio companies in SLP III                     |  | 56       |          |                   | 49    |          |
| Largest portfolio company investment (1)                     |  | $             | 23,841   |              |            | 23,947   |   |
| Total of five largest portfolio company investments (1)      |  | $             | 99,416   |              |            | 99,906   |   |

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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                                   |  |                              |  |                         |  |                    |  | ( in thousands)                     |           | ( in thousands) |              | ( in thousands) |
| Access CIG, LLC                                                   |  | Business Services            |  |  3.92% (L + 3.75%) |  | 2/27/2025  |  | $                                   | 872  |            |              | $               | 872  |         |        | $ | 833  |   |
| Advisor Group Holdings, Inc.                                      |  | Consumer Services            |  |  5.18% (L + 5.00%) |  | 7/31/2026  |  | 4,975                          |      |                 | 4,930   |            |           | 4,664   |   |
| Affordable Care Holding Corp.                                     |  | Healthcare Services          |  |  5.75% (L + 4.75%) |  | 10/24/2022 |  | 5,932                          |      |                 | 5,867   |            |           | 5,520   |   |
| AG Parent Holdings, LLC                                           |  | Healthcare Services          |  |  5.18% (L + 5.00%) |  | 7/31/2026  |  | 12,438                         |      |                 | 12,382  |            |           | 12,282  |   |
| Aston FinCo S.a.r.l. / Aston US Finco, LLC                    |  | Software                     |  |  4.44% (L + 4.25%) |  | 10/9/2026  |  | 5,985                          |      |                 | 5,930   |            |           | 5,712   |   |
| Astra Acquisition Corp.                                           |  | Software                     |  |  6.50% (L + 5.50%) |  | 3/1/2027   |  | 11,548                         |      |                 | 11,464  |            |           | 11,462  |   |
| Ascensus Specialties LLC                                          |  | Business Services            |  |  4.92% (L + 4.75%) |  | 9/24/2026  |  | 9,950                          |      |                 | 9,904   |            |           | 9,726   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  4.18% (L + 4.00%) |  | 6/11/2026  |  | 9,121                          |      |                 | 9,041   |            |           | 8,847   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  4.18% (L + 4.00%) |  | 6/11/2026  |  | 1,433                          |      |                 | 1,424   |            |           | 1,390   |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  5.25% (L + 4.25%) |  | 7/9/2026   |  | 19,753                         |      |                 | 19,666  |            |           | 19,654  |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  5.25% (L + 4.25%) |  | 7/9/2026   |  | 1,296                          |      |                 | 1,290   |            |           | 1,289   |   |
| Bleriot US Bidco Inc.                                             |  | Federal Services             |  |  5.06% (L + 4.75%) |  | 10/31/2026 |  | 4,314                          |      |                 | 4,273   |            |           | 4,152   |   |
| Bleriot US Bidco Inc.                                             |  | Federal Services             |  |  5.06% (L + 4.75%) |  | 10/31/2026 |  | 674                            |      |                 | 667     |            |           | 649     |   |
| Bluefin Holding, LLC                                              |  | Software                     |  |  4.43% (L + 4.25%) |  | 9/4/2026   |  | 9,950                          |      |                 | 9,815   |            |           | 9,704   |   |
| Bracket Intermediate Holding Corp.                                |  | Healthcare Services          |  |  5.70% (L + 4.25%) |  | 9/5/2025   |  | 14,738                         |      |                 | 14,680  |            |           | 14,101  |   |
| Brave Parent Holdings, Inc.                                       |  | Software                     |  |  4.18% (L + 4.00%) |  | 4/18/2025  |  | 11,275                         |      |                 | 11,244  |            |           | 10,958  |   |
| CentralSquare Technologies, LLC                                   |  | Software                     |  |  3.93% (L + 3.75%) |  | 8/29/2025  |  | 14,775                         |      |                 | 14,746  |            |           | 13,098  |   |
| Certara Holdco, Inc.                                              |  | Healthcare I.T.              |  |  3.81% (L + 3.50%) |  | 8/15/2024  |  | 1,252                          |      |                 | 1,255   |            |           | 1,171   |   |
| CHA Holdings, Inc.                                                |  | Business Services            |  |  5.57% (L + 4.50%) |  | 4/10/2025  |  | 982                            |      |                 | 982     |            |           | 956     |   |
| CommerceHub, Inc.                                                 |  | Software                     |  |  3.68% (L + 3.50%) |  | 5/21/2025  |  | 14,700                         |      |                 | 14,646  |            |           | 14,112  |   |
| Covenant Surgical Partners, Inc.                                  |  | Healthcare Services          |  |  4.18% (L + 4.00%) |  | 7/1/2026   |  | 9,925                          |      |                 | 9,838   |            |           | 8,585   |   |
| CRCI Longhorn Holdings, Inc.                                      |  | Business Services            |  |  3.68% (L + 3.50%) |  | 8/8/2025   |  | 14,738                         |      |                 | 14,681  |            |           | 13,687  |   |
| Dealer Tire, LLC                                                  |  | Distribution & Logistics |  |  4.43% (L + 4.25%) |  | 12/12/2025 |  | 9,950                          |      |                 | 9,926   |            |           | 9,535   |   |
| Dentalcorp Health Services ULC (fka Dentalcorp Perfect Smile ULC) |  | Healthcare Services          |  |  4.75% (L + 3.75%) |  | 6/6/2025   |  | 14,711                         |      |                 | 14,683  |            |           | 13,184  |   |
| Drilling Info Holdings, Inc.                                      |  | Business Services            |  |  4.43% (L + 4.25%) |  | 7/30/2025  |  | 18,671                         |      |                 | 18,599  |            |           | 17,564  |   |
| Edgewood Partners Holdings LLC                                    |  | Business Services            |  |  5.25% (L + 4.25%) |  | 9/6/2024   |  | 7,394                          |      |                 | 7,335   |            |           | 7,024   |   |
| eResearchTechnology, Inc.                                         |  | Healthcare Services          |  |  5.50% (L + 4.50%) |  | 2/4/2027   |  | 3,931                          |      |                 | 3,893   |            |           | 3,872   |   |
| EyeCare Partners, LLC                                             |  | Healthcare Services          |  |  4.82% (L + 3.75%) |  | 2/18/2027  |  | 12,132                         |      |                 | 12,117  |            |           | 11,020  |   |
| Fastlane Parent Company, Inc.                                     |  | Distribution & Logistics |  |  4.68% (L + 4.50%) |  | 2/4/2026   |  | 3,456                          |      |                 | 3,399   |            |           | 3,258   |   |
| Greenway Health, LLC                                              |  | Software                     |  |  4.82% (L + 3.75%) |  | 2/16/2024  |  | 14,595                         |      |                 | 14,603  |            |           | 11,539  |   |
| Heartland Dental, LLC                                             |  | Healthcare Services          |  |  3.68% (L + 3.50%) |  | 4/30/2025  |  | 18,635                         |      |                 | 18,566  |            |           | 16,548  |   |
| Help/Systems Holdings, Inc.                                   |  | Software                     |  |  5.75% (L + 4.75%) |  | 11/19/2026 |  | 9,033                          |      |                 | 8,949   |            |           | 8,785   |   |
| Idera, Inc.                                                       |  | Software                     |  |  5.08% (L + 4.00%) |  | 6/28/2024  |  | 5,544                          |      |                 | 5,522   |            |           | 5,368   |   |
| Institutional Shareholder Services Inc.                           |  | Business Services            |  |  5.57% (L + 4.50%) |  | 3/5/2026   |  | 988                            |      |                 | 979     |            |           | 968     |   |
| Kestra Advisor Services Holdings A, Inc.                          |  | Business Services            |  |  4.43% (L + 4.25%) |  | 6/3/2026   |  | 9,429                          |      |                 | 9,359   |            |           | 9,193   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  5.32% (L + 4.25%) |  | 3/17/2025  |  | 2,640                          |      |                 | 2,624   |            |           | 2,523   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  5.32% (L + 4.25%) |  | 3/17/2025  |  | 682                            |      |                 | 677     |            |           | 651     |   |
| Market Track, LLC                                                 |  | Business Services            |  |  5.25% (L + 4.25%) |  | 6/5/2024   |  | 4,753                          |      |                 | 4,749   |            |           | 4,496   |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  4.61% (L + 4.25%) |  | 8/31/2026  |  | 10,324                         |      |                 | 10,237  |            |           | 9,357   |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  4.61% (L + 4.25%) |  | 8/31/2026  |  | 1,811                          |      |                 | 1,796   |            |           | 1,647   |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 4,525                          |      |                 | 4,513   |            |           | 4,424   |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.00% (L + 4.00%) |  | 12/2/2022  |  | 875                            |      |                 | 873     |            |           | 856     |   |
| National Intergovernmental Purchasing Alliance Company            |  | Business Services            |  |  4.06% (L + 3.75%) |  | 5/23/2025  |  | 8,746                          |      |                 | 8,742   |            |           | 8,483   |   |
| National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.)      |  | Healthcare Services          |  |  4.43% (L + 4.25%) |  | 3/9/2026   |  | 8,924                          |      |                 | 8,924   |            |           | 8,628   |   |
| National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.)      |  | Healthcare Services          |  |  4.43% (L + 4.25%) |  | 3/9/2026   |  | 406                            |      |                 | 406     |            |           | 393     |   |
| Navex Topco, Inc.                                                 |  | Software                     |  |  3.43% (L + 3.25%) |  | 9/5/2025   |  | 18,301                         |      |                 | 18,157  |            |           | 17,775  |   |
| Netsmart Technologies, Inc.                                       |  | Healthcare I.T.              |  |  4.75% (L + 3.75%) |  | 4/19/2023  |  | 10,277                         |      |                 | 10,277  |            |           | 9,968   |   |
| Newport Group Holdings II, Inc.                                   |  | Business Services            |  |  3.81% (L + 3.50%) |  | 9/12/2025  |  | 4,912                          |      |                 | 4,893   |            |           | 4,741   |   |
| NorthStar Financial Services Group, LLC                           |  | Software                     |  |  4.00% (L + 3.25%) |  | 5/25/2025  |  | 11,770                         |      |                 | 11,727  |            |           | 11,260  |   |
| Outcomes Group Holdings, Inc.                                     |  | Healthcare Services          |  |  3.81% (L + 3.50%) |  | 10/24/2025 |  | 3,418                          |      |                 | 3,411   |            |           | 3,213   |   |
| Pelican Products, Inc.                                            |  | Business Products            |  |  4.50% (L + 3.50%) |  | 5/1/2025   |  | 4,900                          |      |                 | 4,891   |            |           | 4,520   |   |

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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) |
| Peraton Corp. (fka MHVC Acquisition Corp.)                  |  | Federal Services             |  |  6.25% (L + 5.25%)             |  | 4/29/2024  |  | $                                   | 15,351   |       |               | $              | 15,298   |         |        | $ | 14,814   |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  |  3.81% (L + 3.50%)             |  | 7/10/2025  |  | 13,654                         |          |            | 13,601   |           |               | 13,108  |   |
| Project Accelerate Parent, LLC                              |  | Business Services            |  |  5.29% (L + 4.25%)             |  | 1/2/2025   |  | 9,874                          |          |            | 9,832    |           |               | 8,442   |   |
| Quest Software US Holdings Inc.                             |  | Software                     |  |  5.01% (L + 4.25%)             |  | 5/16/2025  |  | 14,775                         |          |            | 14,720   |           |               | 14,209  |   |
| Sierra Enterprises, LLC                                     |  | Food & Beverage          |  |  5.00% (L + 4.00%)             |  | 11/11/2024 |  | 2,444                          |          |            | 2,442    |           |               | 1,992   |   |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.) |  | Education                    |  |  4.56% (L + 4.25%)             |  | 7/30/2025  |  | 14,737                         |          |            | 14,709   |           |               | 13,743  |   |
| TIBCO Software Inc.                                         |  | Software                     |  |  3.93% (L + 3.75%)             |  | 6/30/2026  |  | 7,692                          |          |            | 7,674    |           |               | 7,394   |   |
| Unitek Acquisition, Inc.                                    |  | Business Services            |  |  7.50% (L + 5.50% + 1.00% PIK) |  | 8/20/2024  |  | 3,325                          |          |            | 2,693    |           |               | 2,836   |   |
| Unitek Acquisition, Inc.                                    |  | Business Services            |  |  7.50% (L + 5.50% + 1.00% PIK) |  | 8/20/2024  |  | 665                            |          |            | 539      |           |               | 567     |   |
| Wirepath LLC                                                |  | Distribution & Logistics |  |  5.07% (L + 4.00%)             |  | 8/5/2024   |  | 17,214                         |          |            | 17,214   |           |               | 14,288  |   |
| WP CityMD Bidco LLC                                         |  | Healthcare Services          |  |  5.54% (L + 4.50%)             |  | 8/13/2026  |  | 19,968                         |          |            | 19,788   |           |               | 19,709  |   |
| VT Topco, Inc.                                              |  | Business Services            |  |  3.68% (L + 3.50%)             |  | 8/1/2025   |  | 2,809                          |          |            | 2,809    |           |               | 2,388   |   |
| YI, LLC                                                     |  | Healthcare Services          |  |  5.07% (L + 4.00%)             |  | 11/7/2024  |  | 9,741                          |          |            | 9,735    |           |               | 8,572   |   |
| Total Funded Investments                                    |  |                              |  |                                     |  |                    |  | $                                   | 538,608  |       |               | $              | 535,478  |         |        | $ | 505,407  |   |
|                                                             |  |                              |  |                                     |  |                    |  |                                     |               |            |               |                |
| Unfunded Investments - First lien                           |  |                              |  |                                     |  |                    |  |                                     |               |            |               |                |
| BCPE Empire Holdings, Inc.                                  |  | Distribution & Logistics |  | —                             |  | 6/11/2021  |  | $                                   | 369      |       |               | $              | (4)           |         |        | $ | (11)          |   |
| Bearcat Buyer, Inc.                                         |  | Healthcare Services          |  | —                             |  | 7/9/2021   |  | 2,792                          |          |            | (14)          |           |               | (14)         |   |
| Covenant Surgical Partners, Inc.                            |  | Healthcare Services          |  | —                             |  | 7/1/2021   |  | 2,000                          |          |            | (20)          |           |               | (270)        |   |
| EyeCare Partners, LLC                                       |  | Healthcare Services          |  | —                             |  | 2/18/2022  |  | 2,838                          |          |            | —  |           |               | (260)        |   |
| MED ParentCo, LP                                            |  | Healthcare Services          |  | —                             |  | 8/30/2021  |  | 776                            |          |            | (8)           |           |               | (71)         |   |
| Premise Health Holding Corp.                                |  | Healthcare Services          |  | —                             |  | 7/10/2020  |  | 1,103                          |          |            | (3)           |           |               | (44)         |   |
| Total Unfunded Investments                                  |  |                              |  |                                     |  |                    |  | $                                   | 9,878    |       |               | $              | (49)          |         |        | $ | (670)         |   |
| Total Investments                                           |  |                              |  |                                     |  |                    |  | $                                   | 548,486  |       |               | $              | 535,429  |         |        | $ | 504,737  |   |

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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                                   |  |                              |  |                         |  |                    |  | (in thousands)                      |             | (in thousands) |              | (in thousands) |
| Access CIG, LLC                                                   |  | Business Services            |  |  5.44% (L + 3.75%) |  | 2/27/2025  |  | $                                   | 1,204  |           |              | $              | 1,204  |         |        | $ | 1,205  |   |
| Advisor Group Holdings, Inc.                                      |  | Consumer Services            |  |  6.80% (L + 5.00%) |  | 7/31/2026  |  | 5,000                          |        |                | 4,952   |           |             | 4,972   |   |
| Affordable Care Holding Corp.                                     |  | Healthcare Services          |  |  6.59% (L + 4.75%) |  | 10/24/2022 |  | 5,963                          |        |                | 5,884   |           |             | 5,814   |   |
| AG Parent Holdings, LLC                                           |  | Healthcare Services          |  |  6.91% (L + 5.00%) |  | 7/31/2026  |  | 12,500                         |        |                | 12,440  |           |             | 12,406  |   |
| Aston FinCo S.a r.l. / Aston US Finco, LLC                    |  | Software                     |  |  6.26% (L + 4.25%) |  | 10/9/2026  |  | 6,000                          |        |                | 5,941   |           |             | 5,970   |   |
| Ascensus Specialties LLC                                          |  | Business Services            |  |  6.44% (L + 4.75%) |  | 9/24/2026  |  | 10,000                         |        |                | 9,951   |           |             | 9,975   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  5.80% (L + 4.00%) |  | 6/11/2026  |  | 9,167                          |        |                | 9,080   |           |             | 9,224   |   |
| BCPE Empire Holdings, Inc.                                        |  | Distribution & Logistics |  |  5.80% (L + 4.00%) |  | 6/11/2026  |  | 229                            |        |                | 243     |           |             | 231     |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  6.19% (L + 4.25%) |  | 7/9/2026   |  | 19,853                         |        |                | 19,759  |           |             | 19,753  |   |
| Bearcat Buyer, Inc.                                               |  | Healthcare Services          |  |  6.19% (L + 4.25%) |  | 7/9/2026   |  | 1,302                          |        |                | 1,296   |           |             | 1,296   |   |
| Bleriot US Bidco Inc.                                             |  | Federal Services             |  |  6.69% (L + 4.75%) |  | 10/30/2026 |  | 4,324                          |        |                | 4,281   |           |             | 4,373   |   |
| Bluefin Holding, LLC                                              |  | Software                     |  |  6.14% (L + 4.25%) |  | 9/4/2026   |  | 10,000                         |        |                | 9,855   |           |             | 9,900   |   |
| Bracket Intermediate Holding Corp.                                |  | Healthcare Services          |  |  6.35% (L + 4.25%) |  | 9/5/2025   |  | 14,813                         |        |                | 14,750  |           |             | 14,775  |   |
| Brave Parent Holdings, Inc.                                       |  | Software                     |  |  5.93% (L + 4.00%) |  | 4/18/2025  |  | 14,775                         |        |                | 14,732  |           |             | 14,560  |   |
| CentralSquare Technologies, LLC                                   |  | Software                     |  |  5.55% (L + 3.75%) |  | 8/29/2025  |  | 14,850                         |        |                | 14,819  |           |             | 14,231  |   |
| Certara Holdco, Inc.                                              |  | Healthcare I.T.              |  |  5.44% (L + 3.50%) |  | 8/15/2024  |  | 1,262                          |        |                | 1,266   |           |             | 1,262   |   |
| CHA Holdings, Inc.                                                |  | Business Services            |  |  6.44% (L + 4.50%) |  | 4/10/2025  |  | 987                            |        |                | 987     |           |             | 986     |   |
| CommerceHub, Inc.                                                 |  | Software                     |  |  5.30% (L + 3.50%) |  | 5/21/2025  |  | 14,775                         |        |                | 14,716  |           |             | 14,590  |   |
| Covenant Surgical Partners, Inc.                                  |  | Healthcare Services          |  |  5.69% (L + 4.00%) |  | 7/1/2026   |  | 9,975                          |        |                | 9,881   |           |             | 9,913   |   |
| CRCI Longhorn Holdings, Inc.                                      |  | Business Services            |  |  5.19% (L + 3.50%) |  | 8/8/2025   |  | 14,813                         |        |                | 14,751  |           |             | 14,414  |   |
| Dentalcorp Health Services ULC (fka Dentalcorp Perfect Smile ULC) |  | Healthcare Services          |  |  5.55% (L + 3.75%) |  | 6/6/2025   |  | 14,786                         |        |                | 14,755  |           |             | 14,737  |   |
| Drilling Info Holdings, Inc.                                      |  | Business Services            |  |  6.05% (L + 4.25%) |  | 7/30/2025  |  | 18,766                         |        |                | 18,688  |           |             | 18,688  |   |
| Edgewood Partners Holdings LLC                                    |  | Business Services            |  |  6.05% (L + 4.25%) |  | 9/6/2024   |  | 7,432                          |        |                | 7,367   |           |             | 7,413   |   |
| Explorer Holdings, Inc.                                           |  | Healthcare Services          |  |  6.25% (L + 4.50%) |  | 11/20/2026 |  | 3,931                          |        |                | 3,892   |           |             | 3,964   |   |
| Fastlane Parent Company, Inc.                                     |  | Distribution & Logistics |  |  6.44% (L + 4.50%) |  | 2/4/2026   |  | 3,474                          |        |                | 3,411   |           |             | 3,448   |   |
| Greenway Health, LLC                                              |  | Software                     |  |  5.69% (L + 3.75%) |  | 2/16/2024  |  | 14,670                         |        |                | 14,679  |           |             | 13,093  |   |
| Heartland Dental, LLC                                             |  | Healthcare Services          |  |  5.55% (L + 3.75%) |  | 4/30/2025  |  | 18,317                         |        |                | 18,243  |           |             | 18,248  |   |
| Help/Systems Holdings, Inc.                                   |  | Software                     |  |  6.55% (L + 4.75%) |  | 11/19/2026 |  | 5,556                          |        |                | 5,500   |           |             | 5,535   |   |
| Idera, Inc.                                                       |  | Software                     |  |  6.30% (L + 4.50%) |  | 6/28/2024  |  | 5,572                          |        |                | 5,548   |           |             | 5,576   |   |
| Institutional Shareholder Services Inc.                           |  | Business Services            |  |  6.44% (L + 4.50%) |  | 3/5/2026   |  | 993                            |        |                | 983     |           |             | 978     |   |
| Kestra Advisor Services Holdings A, Inc.                          |  | Business Services            |  |  6.20% (L + 4.25%) |  | 6/3/2026   |  | 9,476                          |        |                | 9,402   |           |             | 9,477   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  6.31% (L + 4.25%) |  | 3/17/2025  |  | 2,654                          |        |                | 2,634   |           |             | 2,627   |   |
| LSCS Holdings, Inc.                                               |  | Healthcare Services          |  |  6.31% (L + 4.25%) |  | 3/17/2025  |  | 685                            |        |                | 680     |           |             | 678     |   |
| Market Track, LLC                                                 |  | Business Services            |  |  6.18% (L + 4.25%) |  | 6/5/2024   |  | 4,778                          |        |                | 4,773   |           |             | 4,300   |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  6.05% (L + 4.25%) |  | 8/31/2026  |  | 10,376                         |        |                | 10,282  |           |             | 10,402  |   |
| MED ParentCo, LP                                                  |  | Healthcare Services          |  |  6.05% (L + 4.25%) |  | 8/31/2026  |  | 553                            |        |                | 549     |           |             | 554     |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.85% (L + 4.00%) |  | 12/2/2022  |  | 4,549                          |        |                | 4,534   |           |             | 4,549   |   |
| Ministry Brands, LLC                                              |  | Software                     |  |  5.85% (L + 4.00%) |  | 12/2/2022  |  | 880                            |        |                | 877     |           |             | 880     |   |
| National Intergovernmental Purchasing Alliance Company            |  | Business Services            |  |  5.69% (L + 3.75%) |  | 5/23/2025  |  | 8,790                          |        |                | 8,786   |           |             | 8,790   |   |
| Navex Topco, Inc.                                                 |  | Software                     |  |  5.05% (L + 3.25%) |  | 9/5/2025   |  | 18,394                         |        |                | 18,237  |           |             | 18,448  |   |
| Netsmart Technologies, Inc.                                       |  | Healthcare I.T.              |  |  5.55% (L + 3.75%) |  | 4/19/2023  |  | 10,330                         |        |                | 10,330  |           |             | 10,308  |   |
| Newport Group Holdings II, Inc.                                   |  | Business Services            |  |  5.65% (L + 3.75%) |  | 9/12/2025  |  | 4,938                          |        |                | 4,917   |           |             | 4,950   |   |
| NorthStar Financial Services Group, LLC                           |  | Software                     |  |  5.30% (L + 3.50%) |  | 5/25/2025  |  | 11,770                         |        |                | 11,723  |           |             | 11,579  |   |
| Outcomes Group Holdings, Inc.                                     |  | Healthcare Services          |  |  5.41% (L + 3.50%) |  | 10/24/2025 |  | 6,435                          |        |                | 6,421   |           |             | 6,344   |   |
| Pelican Products, Inc.                                            |  | Business Products            |  |  5.24% (L + 3.50%) |  | 5/1/2025   |  | 4,925                          |        |                | 4,915   |           |             | 4,531   |   |
| Peraton Corp. (fka MHVC Acquisition Corp.)                        |  | Federal Services             |  |  7.05% (L + 5.25%) |  | 4/29/2024  |  | 15,430                         |        |                | 15,371  |           |             | 15,363  |   |
| Premise Health Holding Corp.                                      |  | Healthcare Services          |  |  5.44% (L + 3.50%) |  | 7/10/2025  |  | 13,723                         |        |                | 13,666  |           |             | 13,580  |   |
| Project Accelerate Parent, LLC                                    |  | Business Services            |  |  5.99% (L + 4.25%) |  | 1/2/2025   |  | 9,924                          |        |                | 9,878   |           |             | 9,899   |   |
| Quest Software US Holdings Inc.                                   |  | Software                     |  |  6.18% (L + 4.25%) |  | 5/16/2025  |  | 14,850                         |        |                | 14,790  |           |             | 14,739  |   |
| Sierra Enterprises, LLC                                           |  | Food & Beverage          |  |  5.80% (L + 4.00%) |  | 11/11/2024 |  | 2,456                          |        |                | 2,454   |           |             | 2,447   |   |
| Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)       |  | Education                    |  |  6.19% (L + 4.25%) |  | 7/30/2025  |  | 14,812                         |        |                | 14,782  |           |             | 14,905  |   |
| Wirepath LLC                                                      |  | Distribution & Logistics |  |  5.94% (L + 4.00%) |  | 8/5/2024   |  | 17,302                         |        |                | 17,302  |           |             | 15,053  |   |
| WP CityMD Bidco LLC                                               |  | Healthcare Services          |  |  6.44% (L + 4.50%) |  | 8/13/2026  |  | 20,069                         |        |                | 19,875  |           |             | 20,119  |   |

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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) |
| YI, LLC                                  |  | Healthcare Services          |  |  5.94% (L + 4.00%) |  | 11/7/2024  |  | $                                   | 9,791    |       |               | $              | 9,784    |    |        | $ | 9,155    |   |
| Total Funded Investments                 |  |                              |  |                         |  |                    |  | $                                   | 483,179  |       |               | $              | 480,816  |    |        | $ | 475,207  |   |
| Unfunded Investments - First lien        |  |                              |  |                         |  |                    |  |                                     |               |            |               |                |
| BCPE Empire Holdings, Inc.               |  | Distribution & Logistics |  | —                 |  | 6/11/2021  |  | $                                   | 1,580    |       |               | $              | (16)          |    |        | $ | 10       |   |
| Bearcat Buyer, Inc.                      |  | Healthcare Services          |  | —                 |  | 7/9/2021   |  | 2,792                          |          |            | (14)          |           |               | (14)    |   |
| Bleriot US Bidco Inc.                    |  | Federal Services             |  | —                 |  | 10/31/2020 |  | 676                            |          |            | (7)           |           |               | 8  |   |
| Covenant Surgical Partners, Inc.         |  | Healthcare Services          |  | —                 |  | 7/1/2021   |  | 2,000                          |          |            | (20)          |           |               | (13)    |   |
| Heartland Dental, LLC                    |  | Healthcare Services          |  | —                 |  | 4/30/2020  |  | 413                            |          |            | —  |           |               | (2)     |   |
| MED ParentCo, LP                         |  | Healthcare Services          |  | —                 |  | 8/27/2021  |  | 2,044                          |          |            | (20)          |           |               | 5  |   |
| Premise Health Holding Corp.             |  | Healthcare Services          |  | —                 |  | 7/10/2020  |  | 1,103                          |          |            | (3)           |           |               | (3)     |   |
| Total Unfunded Investments               |  |                              |  |                         |  |                    |  | $                                   | 10,608   |       |               | $              | (80)          |    |        | $ | (9)           |   |
| Total Investments                        |  |                              |  |                         |  |                    |  | $                                   | 493,787  |       |               | $              | 480,736  |    |        | $ | 475,198  |   |

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

|                                                           |                |               |                   |               |        |               |        |  |  |  |  |
|-----------------------------------------------------------|----------------|---------------|-------------------|---------------|--------|---------------|--------|--|--|--|--|
| Selected Balance Sheet Information:                   | June 30, 2020  |               | December 31, 2019 |
|                                                           | (in thousands) |               | (in thousands)    |
| Investments at fair value (cost of $535,429 and $480,736) | $              | 504,737  |              |               | $      | 475,198  |   |
|                                                           |                |               |                   |
| Cash and other assets                                     | 13,910    |          |                   | 12,836   |   |
| Total assets                                              | $              | 518,647  |              |               | $      | 488,034  |   |
|                                                           |                |               |                   |
| Credit facility                                           | $              | 399,800  |              |               | $      | 355,400  |   |
| Deferred financing costs                                  | (2,549)        |          |                   | (2,385)       |   |
| Payable for unsettled securities purchased                | 5,198     |          |                   | 8,166    |   |
| Distribution payable                                      | 3,438     |          |                   | 3,650    |   |
| Other liabilities                                         | 5,791     |          |                   | 3,736    |   |
| Total liabilities                                         | 411,678   |          |                   | 368,567  |   |
|                                                           |                |               |                   |
| Members' capital                                          | $              | 106,969  |              |               | $      | 119,467  |   |
| Total liabilities and members' capital                    | $              | 518,647  |              |               | $      | 488,034  |   |

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|                                                                     |                    |              |                |             |                  |             |                |        |   |              |        |  |   |              |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--------------------|--------------|----------------|-------------|------------------|-------------|----------------|--------|---|--------------|--------|--|---|--------------|--------|--|--|--|--|--|--|--|--|
| Selected Statement of Operations Information:                   | Three Months Ended |              |                |             | Six Months Ended |             |                |
|                                                                     | June 30, 2020      |              | June 30, 2019  |             | June 30, 2020    |             | June 30, 2019  |
|                                                                     | (in thousands)     |              | (in thousands) |             | (in thousands)   |             | (in thousands) |
| Interest income                                                     | $                  | 6,929   |           |             | $                | 6,267  |           |        | $ | 14,336  |   |  | $ | 12,560  |   |
| Other income                                                        | 64            |         |                | 78     |             |             | 245       |   |   | 148     |   |
| Total investment income                                             | 6,993         |         |                | 6,345  |             |             | 14,581    |   |   | 12,708  |   |
|                                                                     |                    |              |                |             |                  |             |                |
| Interest and other financing expenses                               | 3,381         |         |                | 3,350  |             |             | 7,077     |   |   | 6,741   |   |
| Other expenses                                                      | 164           |         |                | 165    |             |             | 321       |   |   | 303     |   |
| Total expenses                                                      | 3,545         |         |                | 3,515  |             |             | 7,398     |   |   | 7,044   |   |
| Less: expenses waived and reimbursed                            | —       |         |                | (22)        |             |             | —   |   |   | (22)         |   |
| Net expenses                                                        | 3,545         |         |                | 3,493  |             |             | 7,398     |   |   | 7,022   |   |
| Net investment income                                               | 3,448         |         |                | 2,852  |             |             | 7,183     |   |   | 5,686   |   |
|                                                                     |                    |              |                |             |                  |             |                |
| Net realized gains on investments                                   | 6             |         |                | 37     |             |             | 4         |   |   | 70      |   |
| Net change in unrealized appreciation (depreciation) of investments | 38,194        |         |                | 688    |             |             | (25,154)       |   |   | 3,655   |   |
| Net increase (decrease) in members' capital                         | $                  | 41,648  |           |             | $                | 3,577  |           |        | $ | (17,967)     |   |  | $ | 9,411   |   |

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|                                          |  |                                    |  |                    |  |             |  |                |  |                  |               |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|------------------------------------|--|--------------------|--|-------------|--|----------------|--|------------------|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  |                                    |  | Lease              |  |             |  | Total          |  | Fair Value as of |
| Portfolio Company                        |  | Tenant                             |  | Expiration Date    |  | Location    |  | Square Feet    |  | June 30, 2020    |
|                                          |  |                                    |  |                    |  |             |  | (in thousands) |  | (in thousands)   |
| NM NL Holdings LP / NM GP Holdco LLC |  | Various                            |  | Various            |  | Various     |  | Various        |  | $                | 45,977   |   |
| NM GLCR LP                               |  | Arctic Glacier U.S.A.              |  | 2/28/2038  |  | CA          |  | 214            |  | 22,282      |          |
| NM CLFX LP                               |  | Victor Equipment Company           |  | 8/31/2033  |  | TX          |  | 423            |  | 11,717      |          |
| NM APP Canada, Corp.                     |  | A.P. Plasman, Inc.                 |  | 9/30/2031  |  | Canada      |  | 436            |  | 10,579      |          |
| NM APP US LLC                            |  | Plasman Corp, LLC / A-Brite LP |  | 9/30/2033  |  | AL / OH |  | 261            |  | 6,633       |          |
| NM YI, LLC                               |  | Young Innovations, Inc.            |  | 10/31/2039 |  | IL / MO |  | 212            |  | 5,713       |          |
| NM DRVT LLC                              |  | FMH Conveyors, LLC                 |  | 10/31/2031 |  | AR          |  | 195            |  | 5,876       |          |
| NM JRA LLC                               |  | J.R. Automation Technologies, LLC  |  | 1/31/2031  |  | MI          |  | 88             |  | 3,555       |          |
| NM KRLN LLC                              |  | None                               |  | N/A            |  | MD          |  | 95             |  | 976         |          |
|                                          |  |                                    |  |                    |  |             |  |                |  | $                | 113,308  |   |

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|                        |                     |               |               |           |            |                 |             |               |        |               |            |   |             |   |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|---------------------|---------------|---------------|-----------|------------|-----------------|-------------|---------------|--------|---------------|------------|---|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|
| (in millions)     | As of June 30, 2020 |               |               |           |            |                 |             |               |
| Investment Rating |                     | Cost          |               | Percent   |            | Fair Value |             | Percent       |
| Investment Rating 1    |                     | $             | 13.3     |      |            | 0.4        | %           |               | $      | 13.3     |       |   | 0.5    | % |
| Investment Rating 2    |                     | 2,576.8  |          |           | 86.0  | %               |             | 2,540.2  |   |               | 89.2  | % |
| Investment Rating 3    |                     | 254.4         |               | 8.5  | %          |                 | 203.4  |          |        | 7.1      | %          |
| Investment Rating 4    |                     | 153.9    |          |           | 5.1   | %               |             | 91.0     |   |               | 3.2   | % |
|                   |                     | $             | 2,998.4  |      |            | 100.0      | %           |               | $      | 2,847.9  |       |   | 100.0  | % |

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|                    |                          |               |               |         |            |                 |   |               |        |               |            |   |             |   |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--------------------------|---------------|---------------|---------|------------|-----------------|---|---------------|--------|---------------|------------|---|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|
| (in millions) | As of June 30, 2020 |               |               |         |            |                 |   |               |
| Risk Rating   |                          | Cost          |               | Percent |            | Fair Value |   | Percent       |
| Red                |                          | $             | 133.8    |    |            | 4.5        | % |               | $      | 100.5    |       |   | 3.5    | % |
| Orange             |                          | 223.7    |          |         | 7.5   | %               |   | 162.5    |   |               | 5.7   | % |
| Yellow             |                          | 195.0    |          |         | 6.5   | %               |   | 171.4    |   |               | 6.0   | % |
| Green              |                          | 2,445.9  |          |         | 81.5  | %               |   | 2,413.5  |   |               | 84.8  | % |
|               |                          | $             | 2,998.4  |    |            | 100.0      | % |               | $      | 2,847.9  |       |   | 100.0  | % |

|                                                                                  |  |                  |             |               |               |        |             |        |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|------------------|-------------|---------------|---------------|--------|-------------|--------|--|--|--|--|--|--|
|                                                                             |  | Six Months Ended |             |               |
| (in millions)                                                               |  | June 30, 2020    |             | June 30, 2019 |
| New investments in 21 and 32 portfolio companies, respectively                   |  | $                | 229.1  |          |               | $      | 341.7  |   |
| Debt repayments in existing portfolio companies                                  |  | 242.1       |        |               | 74.3     |   |
| Sales of securities in 14 and 0 portfolio companies, respectively                |  | 206.9       |        |               | —  |   |
| Change in unrealized appreciation on 20 and 43 portfolio companies, respectively |  | 4.2         |        |               | 31.0     |   |
| Change in unrealized depreciation on 96 and 54 portfolio companies, respectively |  | (155.7)          |        |               | (18.7)        |   |

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|                         |  |                    |              |               |              |        |              |        |  |  |  |  |  |  |
|-------------------------|--|--------------------|--------------|---------------|--------------|--------|--------------|--------|--|--|--|--|--|--|
|                    |  | Three Months Ended |              |               |
| (in thousands)     |  | June 30, 2020      |              | June 30, 2019 |
| Interest income         |  | $                  | 51,363  |          |              | $      | 51,635  |   |
| Total dividend income   |  | 12,216        |         |               | 12,575  |   |
| Other income            |  | 2,388         |         |               | 2,255   |   |
| Total investment income |  | $                  | 65,967  |          |              | $      | 66,465  |   |

|                                           |  |                    |              |               |              |        |              |        |  |  |  |  |  |  |
|-------------------------------------------|--|--------------------|--------------|---------------|--------------|--------|--------------|--------|--|--|--|--|--|--|
|                                      |  | Three Months Ended |              |               |
| (in thousands)                       |  | June 30, 2020      |              | June 30, 2019 |
| Management fee                            |  | $                  | 13,134  |          |              | $      | 11,640  |   |
| Less: management fee waiver           |  | (3,183)            |         |               | (2,823)      |   |
| Total management fee                      |  | 9,951         |         |               | 8,817   |   |
| Incentive fee                             |  | 6,896         |         |               | 6,987   |   |
|                                           |  |                    |              |               |
|                                           |  |                    |              |               |
|                                           |  |                    |              |               |
| Interest and other financing expenses     |  | 19,229        |         |               | 20,719  |   |
| Professional fees                         |  | 969           |         |               | 886     |   |
| Administrative expenses                   |  | 1,239         |         |               | 1,049   |   |
| Other general and administrative expenses |  | 442           |         |               | 398     |   |
| Total expenses                            |  | 38,726        |         |               | 38,856  |   |
| Less: expenses waived and reimbursed  |  | (335)              |         |               | (335)        |   |
| Net expenses before income taxes          |  | 38,391        |         |               | 38,521  |   |
| Income tax benefit                        |  | (7)                |         |               | (4)          |   |
| Net expenses after income taxes           |  | $                  | 38,384  |          |              | $      | 38,517  |   |

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|                                                                     |  |                    |              |               |         |        |          |        |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--------------------|--------------|---------------|---------|--------|----------|--------|--|--|--|--|--|--|
|                                                                |  | Three Months Ended |              |               |
| (in thousands)                                                 |  | June 30, 2020      |              | June 30, 2019 |
| Net realized (losses) gains on investments                          |  | $                  | (3,756)      |          |         | $      | 52  |   |
| Net change in unrealized appreciation (depreciation) of investments |  | 53,282        |         |               | (3,985) |   |
|                                                                     |  |                    |              |               |
| Provision for taxes                                                 |  | (377)              |         |               | (270)   |   |
| Net realized and unrealized gains (losses)                          |  | $                  | 49,149  |          |         | $      | (4,203)  |   |

|                         |  |                  |               |               |              |        |               |        |  |  |  |  |  |  |
|-------------------------|--|------------------|---------------|---------------|--------------|--------|---------------|--------|--|--|--|--|--|--|
|                    |  | Six Months Ended |               |               |
| (in thousands)     |  | June 30, 2020    |               | June 30, 2019 |
| Interest income         |  | $                | 112,999  |          |              | $      | 99,559   |   |
| Total dividend income   |  | 22,709      |          |               | 26,068  |   |
| Other income            |  | 4,343       |          |               | 5,029   |   |
| Total investment income |  | $                | 140,051  |          |              | $      | 130,656  |   |

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|                                           |  |                  |              |               |              |        |              |        |  |  |  |  |  |  |
|-------------------------------------------|--|------------------|--------------|---------------|--------------|--------|--------------|--------|--|--|--|--|--|--|
|                                      |  | Six Months Ended |              |               |
| (in thousands)                       |  | June 30, 2020    |              | June 30, 2019 |
| Management fee                            |  | $                | 26,992  |          |              | $      | 22,615  |   |
| Less: management fee waiver           |  | (6,726)          |         |               | (5,356)      |   |
| Total management fee                      |  | 20,266      |         |               | 17,259  |   |
| Incentive fee                             |  | 14,722      |         |               | 13,850  |   |
|                                           |  |                  |              |               |
|                                           |  |                  |              |               |
|                                           |  |                  |              |               |
| Interest and other financing expenses     |  | 41,423      |         |               | 39,865  |   |
| Professional fees                         |  | 1,874       |         |               | 1,652   |   |
| Administrative expenses                   |  | 2,279       |         |               | 2,144   |   |
| Other general and administrative expenses |  | 941         |         |               | 810     |   |
| Total expenses                            |  | 81,505      |         |               | 75,580  |   |
| Less: expenses waived and reimbursed  |  | (335)            |         |               | (335)        |   |
| Net expenses before income taxes          |  | 81,170      |         |               | 75,245  |   |
| Income tax (benefit) expense              |  | (7)              |         |               | 13      |   |
| Net expenses after income taxes           |  | $                | 81,163  |          |              | $      | 75,258  |   |

|                                                                     |  |                  |           |               |              |        |              |        |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|------------------|-----------|---------------|--------------|--------|--------------|--------|--|--|--|--|--|--|
|                                                                |  | Six Months Ended |           |               |
| (in thousands)                                                 |  | June 30, 2020    |           | June 30, 2019 |
| Net realized (losses) gains on investments                          |  | $                | (3,642)   |          |              | $      | 98      |   |
| Net change in unrealized (depreciation) appreciation of investments |  | (151,457)        |      |               | 12,329  |   |
|                                                                     |  |                  |           |               |
| Benefit (provision) for taxes                                       |  | 521         |      |               | (160)        |   |
| Net realized and unrealized (losses) gains                          |  | $                | (154,578) |          |              | $      | 12,267  |   |

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|                                 |                    |             |               |           |                  |             |               |   |   |             |        |  |   |             |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|-------------|---------------|-----------|------------------|-------------|---------------|---|---|-------------|--------|--|---|-------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |             |               |           | Six Months Ended |             |               |
| (in millions)              | June 30, 2020      |             | June 30, 2019 |           | June 30, 2020    |             | June 30, 2019 |
| Interest expense                | $                  | 3.2    |          |           | $                | 6.4    |          |   | $ | 8.6    |   |  | $ | 12.7   |   |
| Non-usage fee                   | $                  | 0.3    |          |           | $                | 0.2    |          |   | $ | 0.5    |   |  | $ | 0.3    |   |
| Amortization of financing costs | $                  | 0.4    |          |           | $                | 0.7    |          |   | $ | 0.7    |   |  | $ | 1.4    |   |
| Weighted average interest rate  | 2.4           | %           |               | 4.5  | %                |             | 3.0      | % |   | 4.5    | %      |
| Effective interest rate         | 2.9           | %           |               | 5.1  | %                |             | 3.4      | % |   | 5.1    | %      |
| Average debt outstanding        | $                  | 535.5  |          |           | $                | 565.9  |          |   | $ | 582.5  |   |  | $ | 566.1  |   |

|                                 |                    |               |               |           |                  |               |               |     |   |               |        |     |   |            |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|---------------|---------------|-----|---|---------------|--------|-----|---|------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |      | Six Months Ended |               |               |
| (in millions)              | June 30, 2020      |          | June 30, 2019 |      | June 30, 2020    |               | June 30, 2019 |
| Interest expense                | $                  | 1.2      |          |           | $                | 1.2      |          |     | $ | 3.1      |   |     | $ | 2.2   |   |
| Non-usage fee                   | $                  | —  |          | (1)       | $                | —  |          | (1) | $ | —  |   | (1) | $ | 0.1   |   |
| Amortization of financing costs | $                  | —  |          | (2)       | $                | 0.1      |          |     | $ | 0.1      |   |     | $ | 0.2   |   |
| Weighted average interest rate  | 3.1           | %             |               | 5.0  | %                |               | 3.7      | %   |   | 5.0      | %      |
| Effective interest rate         | 3.3           | %             |               | 5.6  | %                |               | 3.8      | %   |   | 5.8      | %      |
| Average debt outstanding        | $                  | 144.9    |          |           | $                | 92.5     |          |     | $ | 166.7    |   |     | $ | 87.0  |   |

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|                                 |                    |               |               |           |                  |               |               |     |   |             |        |  |   |            |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|---------------|---------------|-----|---|-------------|--------|--|---|------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |               |               |
| (in millions)              | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |               | June 30, 2019 |
| Interest expense(1)             | $                  | 2.3      |          |           | $                | 0.9      |          |     | $ | 4.9    |   |  | $ | 1.4   |   |
| Non-usage fee(1)                | $                  | —  |          | (2)       | $                | —  |          | (2) | $ | 0.1    |   |  | $ | 0.1   |   |
| Amortization of financing costs | $                  | 0.1      |          |           | $                | 0.1      |          |     | $ | 0.3    |   |  | $ | 0.2   |   |
| Weighted average interest rate  | 3.7           | %             |               | 5.5  | %                |               | 4.1      | %   |   | 5.5    | %      |
| Effective interest rate         | 4.0           | %             |               | 6.3  | %                |               | 4.5      | %   |   | 6.6    | %      |
| Average debt outstanding        | $                  | 248.6    |          |           | $                | 66.9     |          |     | $ | 241.8  |   |  | $ | 52.7  |   |

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|                                         |  |  |                        |             |        |  |  |
|-----------------------------------------|--|--|------------------------|-------------|--------|--|--|
|                                         |  |  | 2018 Convertible Notes |
| Initial conversion premium              |  |  | 10.0              | %           |
| Initial conversion rate(1)              |  |  | 65.8762           |        |
| Initial conversion price                |  |  | $                      | 15.18  |   |
| Conversion premium at June 30, 2020     |  |  | 10.0              | %           |
| Conversion rate at June 30, 2020(1)(2)  |  |  | 65.8762           |        |
| Conversion price at June 30, 2020(2)(3) |  |  | $                      | 15.18  |   |
| Last conversion price calculation date  |  |  | August 20, 2019        |

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|                                 |                    |               |               |           |                  |             |               |        |   |             |        |        |   |             |        |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|---------------|---------------|-----------|------------------|-------------|---------------|--------|---|-------------|--------|--------|---|-------------|--------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |               |               |           | Six Months Ended |             |               |        |
| (in millions)              | June 30, 2020      |               | June 30, 2019 |           | June 30, 2020    |             | June 30, 2019 |        |
| Interest expense                | $                  | 2.9      |          |           | $                | 3.6    |          |        | $ | 5.8    |   |        | $ | 7.2    |   |        |
| Amortization of financing costs | $                  | 0.1      |          |           | $                | 0.3    |          |        | $ | 0.2    |   |        | $ | 0.6    |   |        |
| Amortization of premium         | $                  | —  |          | (1)       |             | $           | (0.1)         |   |   | $           | (0.1)  |   |   | $           | (0.1)  |   |  |
| Weighted average interest rate  | 5.8           | %             |               | 5.4  | %                |             | 5.8      | %      |   | 5.4    | %      |        |
| Effective interest rate         | 5.9           | %             |               | 5.7  | %                |             | 5.9      | %      |   | 5.8    | %      |        |
| Average debt outstanding        | $                  | 201.3    |          |           | $                | 265.7  |          |        | $ | 201.3  |   |        | $ | 268.0  |   |        |

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|                                 |                    |             |                  |           |                  |             |                  |   |   |             |        |  |   |             |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|-------------|------------------|-----------|------------------|-------------|------------------|---|---|-------------|--------|--|---|-------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |             |                  |           | Six Months Ended |             |                  |
| (in millions)              | June 30, 2020      |             | June 30, 2019(1) |           | June 30, 2020    |             | June 30, 2019(1) |
| Interest expense                | $                  | 5.9    |             |           | $                | 5.4    |             |   | $ | 11.9   |   |  | $ | 9.8    |   |
| Amortization of financing costs | $                  | 0.3    |             |           | $                | 0.3    |             |   | $ | 0.6    |   |  | $ | 0.6    |   |
| Weighted average interest rate  | 5.3           | %           |                  | 5.2  | %                |             | 5.3         | % |   | 5.2    | %      |
| Effective interest rate         | 5.6           | %           |                  | 5.5  | %                |             | 5.6         | % |   | 5.6    | %      |
| Average debt outstanding        | $                  | 453.3  |             |           | $                | 416.1  |             |   | $ | 453.3  |   |  | $ | 376.7  |   |

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|                                           |  |                       |  |                       |             |                    |             |                        |   |             |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|--|-----------------------|--|-----------------------|-------------|--------------------|-------------|------------------------|---|-------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (in millions)                        |  |                       |  |                       |             |                    |             |                        |
| Issuance Date                        |  | Maturity Date    |  | Debenture Amount |             | Interest Rate |             | SBA Annual Charge |
| Fixed SBA-guaranteed debentures(1):   |  |                  |  |                  |             |               |             |                   |
| March 25, 2015                            |  | March 1, 2025         |  | $                     | 37.5   |               |             | 2.517             | % |             | 0.355  | % |
| September 23, 2015                        |  | September 1, 2025     |  | 37.5             |        |                    | 2.829  | %                      |   | 0.355  | %           |
| September 23, 2015                        |  | September 1, 2025     |  | 28.8             |        |                    | 2.829  | %                      |   | 0.742  | %           |
| March 23, 2016                            |  | March 1, 2026         |  | 13.9             |        |                    | 2.507  | %                      |   | 0.742  | %           |
| September 21, 2016                        |  | September 1, 2026     |  | 4.0              |        |                    | 2.051  | %                      |   | 0.742  | %           |
| September 20, 2017                        |  | September 1, 2027     |  | 13.0             |        |                    | 2.518  | %                      |   | 0.742  | %           |
| March 21, 2018                            |  | March 1, 2028         |  | 15.3             |        |                    | 3.187  | %                      |   | 0.742  | %           |
| Fixed SBA-guaranteed debentures(2):   |  |                       |  |                       |             |                    |             |                        |
| September 19, 2018                        |  | September 1, 2028     |  | 15.0             |        |                    | 3.548  | %                      |   | 0.222  | %           |
| September 25, 2019                        |  | September 1, 2029     |  | 19.0             |        |                    | 2.283  | %                      |   | 0.222  | %           |
| March 25, 2020                            |  | March 1, 2030         |  | 41.0             |        |                    | 2.078  | %                      |   | 0.222  | %           |
| March 25, 2020                            |  | March 1, 2030         |  | 24.0             |        |                    | 2.078  | %                      |   | 0.275  | %           |
| Interim SBA-guaranteed debentures(2): |  |                       |  |                       |             |                    |             |                        |
|                                           |  | September 1, 2030 (3) |  | 30.0             |        |                    | 1.279  | %                      |   | 0.275  | %           |
|                                           |  | September 1, 2030 (3) |  | 21.0             |        |                    | 1.393  | %                      |   | 0.275  | %           |
| Total SBA-guaranteed debentures           |  |                  |  | $                     | 300.0  |               |             |                   |   |        |

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|                                 |                    |             |               |           |                  |             |               |   |   |             |        |  |   |             |        |  |  |  |  |  |  |  |  |
|---------------------------------|--------------------|-------------|---------------|-----------|------------------|-------------|---------------|---|---|-------------|--------|--|---|-------------|--------|--|--|--|--|--|--|--|--|
|                            | Three Months Ended |             |               |           | Six Months Ended |             |               |
| (in millions)              | June 30, 2020      |             | June 30, 2019 |           | June 30, 2020    |             | June 30, 2019 |
| Interest expense                | $                  | 2.1    |          |           | $                | 1.4    |          |   | $ | 3.9    |   |  | $ | 2.7    |   |
| Amortization of financing costs | $                  | 0.3    |          |           | $                | 0.2    |          |   | $ | 0.5    |   |  | $ | 0.3    |   |
| Weighted average interest rate  | 2.8           | %           |               | 3.3  | %                |             | 2.9      | % |   | 3.3    | %      |
| Effective interest rate         | 3.1           | %           |               | 3.6  | %                |             | 3.2      | % |   | 3.6    | %      |
| Average debt outstanding        | $                  | 300.0  |          |           | $                | 165.0  |          |   | $ | 271.5  |   |  | $ | 165.0  |   |

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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)   |  | $                                                                  | 500.2    |                      |               | $                          | —  |                       |        | $                     | 500.2    |   |  | $             | —  |   |  | $ | —  |   |
| Unsecured Notes(2)            |  | 453.3                                                         |          |                           | 90.0     |                       |               | 195.0                 |   |                       | 168.3    |   |  | —  |          |
| SBA-guaranteed debentures(3)  |  | 300.0                                                         |          |                           | —  |                       |               | —               |   |                       | 37.5     |   |  | 262.5    |          |
| DB Credit Facility(4)         |  | 215.0                                                         |          |                           | —  |                       |               | —               |   |                       | 215.0    |   |  | —  |          |
| Convertible Notes(5)          |  | 201.2                                                         |          |                           | —  |                       |               | —               |   |                       | 201.2    |   |  | —  |          |
| NMFC Credit Facility(6)       |  | 78.5                                                          |          |                           | —  |                       |               | 78.5                  |   |                       | —  |   |  | —  |          |
|                               |  |                                                                    |               |                           |               |                            |               |                            |        |                       |
| Total Contractual Obligations |  | $                                                                  | 1,748.2  |                      |               | $                          | 90.0     |                       |        | $                     | 773.7    |   |  | $             | 622.0    |   |  | $ | 262.5    |   |

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|                             |  |                    |  |                    |  |                    |  |                          |            |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------|--|--------------------|--|--------------------|--|--------------------|--|--------------------------|------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Fiscal Year Ended |  | Date Declared |  | Record Date   |  | Payment Date  |  | Per ShareAmount (1) |
| December 31, 2020           |  |                    |  |                    |  |                    |  |                          |
| 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                |       |
|                             |  |                    |  |                    |  |                    |  | $                        | 0.64  |   |
| December 31, 2019      |  |                    |  |                    |  |                    |  |                          |
| Fourth Quarter              |  | November 4, 2019   |  | December 13, 2019  |  | December 27, 2019  |  | $                        | 0.34  |   |
| Third Quarter               |  | August 1, 2019     |  | September 13, 2019 |  | September 27, 2019 |  | 0.34                |       |
| Second Quarter              |  | May 1, 2019        |  | June 14, 2019      |  | June 28, 2019      |  | 0.34                |       |
| First Quarter               |  | February 22, 2019  |  | March 15, 2019     |  | March 29, 2019     |  | 0.34                |       |
|                             |  |                    |  |                    |  |                    |  | $                        | 1.36  |   |
| December 31, 2018      |  |                    |  |                    |  |                    |  |                          |
| Fourth Quarter              |  | November 1, 2018   |  | December 14, 2018  |  | December 28, 2018  |  | $                        | 0.34  |   |
| Third Quarter               |  | August 1, 2018     |  | September 14, 2018 |  | September 28, 2018 |  | 0.34                |       |
| Second Quarter              |  | May 2, 2018        |  | June 15, 2018      |  | June 29, 2018      |  | 0.34                |       |
| First Quarter               |  | February 21, 2018  |  | March 15, 2018     |  | March 29, 2018     |  | 0.34                |       |
|                             |  |                    |  |                    |  |                    |  | $                        | 1.36  |   |

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|                                         |  |                                                                                                              |   |  |  |  |  |  |
|-----------------------------------------|--|--------------------------------------------------------------------------------------------------------------|---|--|--|--|--|--|
| Change in Interest Rates |  | EstimatedPercentageChange in InterestIncome Net ofInterest Expense (unaudited) |
| -25 Basis Points                        |  | (0.41)                                                                                                       | % |
| Base Interest Rate                      |  | —                                                                                                 | % |
| +100 Basis Points                       |  | 6.45                                                                                                    | % |
| +200 Basis Points                       |  | 18.48                                                                                                   | % |
| +300 Basis Points                       |  | 30.50                                                                                                   | % |

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|                                                  |  |                  |        |                        |               |                                                                      |        |                                                                                            |               |        |               |               |               |        |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|------------------|--------|------------------------|---------------|----------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|---------------|--------|---------------|---------------|---------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
| (in thousands, except shares and per share data) |  | Total Number of  |        | Weighted Average Price |               | Total Number of Shares Purchased as Part of Publicly Announced Plans |        | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the |
| Period                                           |  | Shares Purchased |        | Paid Per Share         |               | or Programs                                                          |        | Plans or Programs                                                                          |
| January 2020                                     |  | —     |   |                        | $             | —                                                         |   |                                                                                            | —  |   |               | $             | —  |   |
| February 2020                                    |  | —     |   |                        | —  |                                                                 |        | —                                                                               |          |        | —  |          |
| March 2020                                       |  | 133,539     |   |                        | 6.75     |                                                                 |        | —                                                                               |          |        | —  |          |
| April 2020                                       |  | 12,551      |   |                        | 6.76     |                                                                 |        | —                                                                               |          |        | —  |          |
| May 2020                                         |  | —     |   |                        | —  |                                                                 |        | —                                                                               |          |        | —  |          |
| June 2020                                        |  | —     |   |                        | —  |                                                                 |        | —                                                                               |          |        | —  |          |
| Total                                            |  | 146,090     |   |                        | $             | 6.75                                                            |   |                                                                                            | —  |   |               | —  |          |

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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)                                                             |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
|               |        |                                                                                                               |
| 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) |