TABLE OF CONTENTS

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|------------------------------------------------------------|--------------------------------------|--|--|--|--|
| Maryland                                                   | 27-4443543                           |
| (State of incorporation)                                   | (I.R.S. Employer Identification No.) |
| One Sansome Street, Suite 730, San Francisco, CA           | 94104                                |
| (Address of principal executive offices)                   | (Zip Code)                           |
|                                                            |                                      |
| (650) 235-4769                                             |                                      |
| (Registrant’s telephone number, including area code) |                                      |

|                                         |  |                |  |                                           |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|--|----------------|--|-------------------------------------------|--|--|--|--|--|--|--|--|--|--|
| Title of Each Class                     |  | Trading Symbol |  | Name of Each Exchange on Which Registered |
| Common Stock, par value $0.01 per share |  | SSSS           |  | Nasdaq Capital Market                     |

|                                                                       |                             |  |  |  |  |
|-----------------------------------------------------------------------|-----------------------------|--|--|--|--|
| Large accelerated filer o                                             | Accelerated filer x         |
| Non-accelerated filer o (Do not check if a smaller reporting company) | Smaller reporting company o |
| Emerging growth company o                                             | ​                     |

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TABLE OF CONTENTS

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|-------------------------------|------------------------------------------------------------------------------------------------------------------------|------|--|--|--|--|--|--|
|                               |                                                                                                                        | PAGE |
| PART I. FINANCIAL INFORMATION |                                                                                                                        |      |
| Item 1.                  | Condensed Consolidated Financial Statements                                                                            | 1    |
|                               | Condensed Consolidated Statements of Assets and Liabilities as of June 30, 2020 (Unaudited) and December 31, 2019      | 1    |
|                               | Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2020 and 2019 (Unaudited)  | 2    |
|                               | Condensed Consolidated Statements of Changes in Net Assets for the Six Months Ended June 30, 2020 and 2019 (Unaudited) | 3    |
|                               | Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2020 and 2019 (Unaudited)            | 4    |
|                               | Condensed Consolidated Schedule of Investments as of June 30, 2020 (Unaudited)                                         | 5    |
|                               | Condensed Consolidated Schedule of Investments as of December 31, 2019                                                 | 9    |
|                               | Notes to Condensed Consolidated Financial Statements as of June 30, 2020 (Unaudited)                                   | 13   |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                            | 54   |
| Item 3.                       | Quantitative and Qualitative Disclosures About Market Risk                                                             | 67   |
| Item 4.                       | Controls and Procedures                                                                                                | 67   |
| PART II. OTHER INFORMATION    |                                                                                                                        |      |
| Item 1.                  | Legal Proceedings                                                                                                      | 68   |
| Item 1A.                      | Risk Factors                                                                                                           | 68   |
| Item 2.                       | Unregistered Sales of Equity Securities and Use of Proceeds                                                            | 70   |
| Item 3.                       | Defaults Upon Senior Securities                                                                                        | 71   |
| Item 4.                       | Mine Safety Disclosures                                                                                                | 71   |
| Item 5.                       | Other Information                                                                                                      | 71   |
| Item 6.                       | Exhibits                                                                                                               | 72   |
| Signatures                    |                                                                                                                        | 73   |

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TABLE OF CONTENTS

|                                                                                                                                      |                   |                   |                   |                   |        |                   |        |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------|-------------------|-------------------|-------------------|-------------------|--------|-------------------|--------|--|--|--|--|
|                                                                                                                                      | June 30, 2020     |                   | December 31, 2019 |
| ASSETS                                                                                                                               |                   |                   |                   |
| Investments at fair value:                                                                                                       |                   |                   |                   |
| Non-controlled/non-affiliate investments (cost of $99,121,577 and $90,567,041, respectively)                                     | $                 | 168,700,422  |              |                   | $      | 152,866,112  |   |
| Non-controlled/affiliate investments (cost of $52,857,243 and $52,857,243, respectively)                                         | 29,438,698   |              |                   | 37,944,268   |   |
| Controlled investments (cost of $7,161,412 and $7,161,412, respectively)                                                             | 860,198      |              |                   | 775,198      |   |
| Total Portfolio Investments                                                                                                          | 198,999,318  |              |                   | 191,585,578  |   |
| Investments in U.S. Treasury bills (cost of $99,999,611 and $49,996,667, respectively)                                               | 100,000,000  |              |                   | 50,000,000   |   |
| Total Investments (cost of $259,139,843 and $200,582,363, respectively)                                                              | 298,999,318  |              |                   | 241,585,578  |   |
| Cash                                                                                                                                 | 23,285,073   |              |                   | 44,861,263   |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Escrow proceeds receivable                                                                                                           | 67,135       |              |                   | 265,303      |   |
| Interest and dividends receivable                                                                                                    | 70,274       |              |                   | 84,630       |   |
| Deferred financing costs                                                                                                             | 11,382       |              |                   | 11,382       |   |
| Prepaid expenses and other assets(1)                                                                                                 | 1,197,711    |              |                   | 1,755,933    |   |
| Total Assets                                                                                                                         | 323,630,893  |              |                   | 288,564,089  |   |
| LIABILITIES                                                                                                                          |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Accounts payable and accrued expenses(1)                                                                                             | 1,933,219    |              |                   | 1,143,923    |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Payable to executive officers                                                                                                        | —      |              |                   | 1,369,873    |   |
|                                                                                                                                      |                   |                   |                   |
| Accrued interest payable                                                                                                             | 475,000      |              |                   | 475,000      |   |
| Dividends payable                                                                                                                    | —      |              |                   | 2,107,709    |   |
| Payable for securities purchased                                                                                                     | 89,499,611   |              |                   | 44,746,660   |   |
| Income tax payable                                                                                                                   | 38,965       |              |                   | —      |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| 4.75% Convertible Senior Notes due March 28, 2023(2)                                                                                 | 38,991,657   |              |                   | 38,803,635   |   |
| Total Liabilities                                                                                                                    | 130,938,452  |              |                   | 88,646,800   |   |
| Commitments and contingencies (Notes 7 and 10)                                                                                       |                   |                   |                   |
| Net Assets                                                                                                                           | $                 | 192,692,441  |              |                   | $      | 199,917,289  |   |
| NET ASSETS                                                                                                                           |                   |                   |                   |
| Common stock, par value $0.01 per share (100,000,000 authorized; 16,279,679 and 17,564,244 issued and outstanding, respectively) | $                 | 162,797      |              |                   | $      | 175,642      |   |
| Paid-in capital in excess of par                                                                                                     | 173,199,798  |              |                   | 178,550,374  |   |
|                                                                                                                                      |                   |                   |                   |
| Accumulated net investment loss                                                                                                      | (33,351,303)      |              |                   | (25,679,362)      |   |
| Accumulated net realized gain on investments                                                                                         | 12,821,670   |              |                   | 5,867,417    |   |
| Accumulated net unrealized appreciation/(depreciation) of investments                                                            | 39,859,479   |              |                   | 41,003,218   |   |
| Net Assets                                                                                                                           | $                 | 192,692,441  |              |                   | $      | 199,917,289  |   |
| Net Asset Value Per Share                                                                                                            | $                 | 11.84        |              |                   | $      | 11.38        |   |

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TABLE OF CONTENTS

|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |                  |        |  |   |                  |        |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------|-----------------------------|------------------|---------|------------------|---------------------------|---------------|------------------|--------|---|------------------|--------|--|---|------------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                          | Three Months Ended June 30, |                  |         |                  | Six Months Ended June 30, |               |                  |        |   |
|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |
|                                                                          | 2020                        |                  | 2019    |                  | 2020                      |               | 2019             |        |   |
| INVESTMENT INCOME                                                        |                             |                  |         |                  |                           |               |                  |        |   |
| Non-controlled/non-affiliate investments:                        |                             |                  |         |                  |                           |               |                  |        |   |
| Interest income                                                          | $                           | 61,126      |    |                  | $                         | 198,175  |             |        | $ | 216,211     |   |  | $ | 336,672     |   |  |  |
| Dividend income                                                          | —                |             |         | —     |                      |               | 50,000      |   |   | —     |   |  |   |
| Non-controlled/affiliate investments:                            |                             |                  |         |                  |                           |               | ​          |        |   |
| Interest income/(reversal of interest income accrual)                | (49,612)                    |             |         | 60,127      |                      |               | (29,184)         |   |   | 119,593     |   |  |   |
| Dividend income                                                          | 30,000                 |             |         | —     |                      |               | 56,250      |   |   | —     |   |  |   |
| Controlled investments:                                              |                             |                  |         |                  |                           |               | ​          |        |   |
| Interest income                                                          | —                |             |         | 29,650      |                      |               | —     |   |   | 58,937      |   |  |   |
| Dividend income                                                          | 200,000                |             |         | 200,000     |                      |               | 200,000     |   |   | 200,000     |   |  |   |
| Total Investment Income                                                  | 241,514                |             |         | 487,952     |                      |               | 493,277     |   |   | 715,202     |   |  |   |
| OPERATING EXPENSES                                                       |                             |                  |         |                  |                           |               | ​          |        |   |
| Management fees(1)                                                       | —                |             |         | —     |                      |               | —     |   |   | 848,723     |   |  |   |
| Reversal of incentive fee accrual(1)                                     | —                |             |         | —     |                      |               | —     |   |   | (4,660,472)      |   |  |   |
| Costs incurred under Administration Agreement(1)                         | —                |             |         | —     |                      |               | —     |   |   | 306,084     |   |  |   |
| Compensation expense(2)                                                  | 3,005,524              |             |         | 469,944     |                      |               | 3,930,440   |   |   | 632,108     |   |  |   |
| Directors’ fees                                                    | 111,250                |             |         | 86,250      |                      |               | 222,500     |   |   | 172,500     |   |  |   |
| Professional fees                                                        | 678,472                |             |         | 1,310,028   |                      |               | 1,817,838   |   |   | 3,371,950   |   |  |   |
| Interest expense                                                         | 568,627                |             |         | 600,205     |                      |               | 1,142,027   |   |   | 1,204,373   |   |  |   |
| Income tax expense                                                       | 39,590                 |             |         | 29,949      |                      |               | 48,255      |   |   | 33,712      |   |  |   |
| Other expenses                                                           | 505,439                |             |         | 796,807     |                      |               | 1,004,158   |   |   | 991,753     |   |  |   |
| Total Operating Expenses                                                 | 4,908,902              |             |         | 3,293,183   |                      |               | 8,165,218   |   |   | 2,900,731   |   |  |   |
|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |
|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |
|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |
| Net Investment Loss                                                      | (4,667,388)                 |             |         | (2,805,231)      |                      |               | (7,671,941)      |   |   | (2,185,529)      |   |  |   |
| Realized Gains/(Losses) on Investments:                          |                             |                  |         |                  | ​                   |               | ​          |        |   |
| Non-controlled/non-affiliated investments                            | (23,987)                    |             |         | 13,590,233  |                      |               | 6,954,253   |   |   | 21,859,371  |   |  |   |
| Non-controlled/affiliate investments                                 | —                |             |         | —     |                      |               | —     |   |   | (12,334,831)     |   |  |   |
|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |
| Net Realized Gain/(Loss) on Investments                              | (23,987)                    |             |         | 13,590,233  |                      |               | 6,954,253   |   |   | 9,524,540   |   |  |   |
|                                                                          |                             |                  |         |                  |                           |               |                  |        |   |
| Change in Unrealized Appreciation/(Depreciation) of Investments: |                             |                  |         |                  |                           |               | ​          |        |   |
| Non-controlled/non-affiliated investments                            | 24,821,654             |             |         | (6,751,196)      |                      |               | 7,276,832   |   |   | 10,277,147  |   |  |   |
| Non-controlled/affiliate investments                                 | 1,569,843              |             |         | (1,220,012)      |                      |               | (8,505,571)      |   |   | 7,802,636   |   |  |   |
| Controlled investments                                                   | 130,698                |             |         | (4,469,112)      |                      |               | 85,000      |   |   | (9,820,352)      |   |  |   |
| Net Change in Unrealized Appreciation/(Depreciation) of Investments  | 26,522,195             |             |         | (12,440,320)     |                      |               | (1,143,739)      |   |   | 8,259,431   |   |  |   |
| Provision for taxes on unrealized appreciation of investments            | —                |             |         | 979,713     |                      |               | —     |   |   | 885,566     |   |  |   |
| Net Change in Net Assets Resulting from Operations                       | $                           | 21,830,820  |    |                  | $                         | (675,605)     |             |        | $ | (1,861,427)      |   |  | $ | 16,484,008  |   |  |  |
| Net Change in Net Assets Resulting from Operations per Common Share: |                             |                  |         |                  |                           |               | ​          |        |   |
| Basic                                                                    | $                           | 1.33        |    |                  | $                         | (0.03)        |             |        | $ | (0.11)           |   |  | $ | 0.84        |   |  |  |
| Diluted(3)                                                               | $                           | 1.10        |    |                  | $                         | (0.03)        |             |        | $ | (0.11)           |   |  | $ | 0.75        |   |  |  |
| Weighted-Average Common Shares Outstanding                               | ​                     |                  | ​ |                  | ​                   |               | ​          |        |   |
| Basic                                                                    | 16,383,188             |             |         | 19,719,706  |                      |               | 16,912,091  |   |   | 19,741,058  |   |  |   |
| Diluted(3)                                                               | 20,300,980             |             |         | 19,719,706  |                      |               | 16,912,091  |   |   | 23,472,402  |   |  |   |

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TABLE OF CONTENTS

|                                                                              |                           |                   |         |                  |        |                   |        |  |  |  |  |  |  |
|------------------------------------------------------------------------------|---------------------------|-------------------|---------|------------------|--------|-------------------|--------|--|--|--|--|--|--|
|                                                                              | Six Months Ended June 30, |                   |         |                  |        |
|                                                                              | 2020                      |                   | 2019    |                  |        |
| Net Assets at Beginning of Year                                              | $                         | 199,917,289  |    |                  | $      | 195,378,159  |   |  |  |
|                                                                              |                           |                   |         |                  |        |
| Change in Net Assets Resulting from Operations                               | ​                   |                   | ​ |                  |        |
| Net investment income/(loss)                                             | (3,004,553)               |              |         | 619,702     |   |                   |        |
| Net realized gain/(loss) on investments                                  | 6,978,240            |              |         | (4,065,693)      |   |                   |        |
|                                                                              |                           |                   |         |                  |        |
| Net change in unrealized appreciation/(depreciation) of investments | (27,665,934)              |              |         | 20,699,751  |   |                   |        |
| Benefit from taxes on unrealized depreciation of investments                 | —              |              |         | (94,147)         |   |                   |        |
| Net Change in Net Assets Resulting from Operations                           | (23,692,247)              |              |         | 17,159,613  |   |                   |        |
| Change in Net Assets Resulting from Capital Transactions                     | ​                   |                   | ​ |                  |        |
| Repurchases of common stock                                                  | (3,709,244)               |              |         | —     |   |                   |        |
| Net Change in Net Assets Resulting from Capital Transactions                 | (3,709,244)               |              |         | —     |   |                   |        |
| Total Change in Net Assets                                                   | (27,401,491)              |              |         | 17,159,613  |   |                   |        |
| Net Assets at March 31                                                       | $                         | 172,515,798  |    |                  | $      | 212,537,772  |   |  |  |
|                                                                              |                           |                   |         |                  |        |
| Change in Net Assets Resulting from Operations                               | ​                   |                   | ​ |                  |        |
| Net investment income/(loss)                                             | $                         | (4,667,388)       |    |                  | $      | (2,805,231)       |   |  |  |
| Net realized gain/(loss) on investments                                  | (23,987)                  |              |         | 13,590,233  |   |                   |        |
| Net change in unrealized appreciation/(depreciation) of investments | 26,522,195           |              |         | (12,440,320)     |   |                   |        |
| Benefit from taxes on unrealized depreciation of investments                 | —              |              |         | 979,713     |   |                   |        |
| Net Change in Net Assets Resulting from Operations                           | 21,830,820           |              |         | (675,605)        |   |                   |        |
| Change in Net Assets Resulting from Capital Transactions                     | ​                   |                   | ​ |                  |        |
| Stock-based compensation                                                     | 1,962,431            |              |         | —     |   |                   |        |
| Repurchases of common stock                                                  | (3,616,608)               |              |         | (737,119)        |   |                   |        |
| Net Decrease in Net Assets Resulting from Capital Transactions               | (1,654,177)               |              |         | (737,119)        |   |                   |        |
| Total Change in Net Assets                                                   | 20,176,643           |              |         | (1,412,724)      |   |                   |        |
| Net Assets at June 30                                                        | $                         | 192,692,441  |    |                  | $      | 211,125,048  |   |  |  |
|                                                                              |                           |                   |         |                  |        |
|                                                                              |                           |                   |         |                  |        |
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|                                                                              |                           |                   |         |                  |        |
|                                                                              |                           |                   |         |                  |        |
|                                                                              |                           |                   |         |                  |        |
| Capital Share Activity                                                       |                           |                   |         |                  |        |
| Shares outstanding at beginning of year                                      | 17,564,244           |              |         | 19,762,647  |   |                   |        |
| Shares issued                                                                | —              |              |         | —     |   |                   |        |
| Shares repurchased                                                           | (1,284,565)               |              |         | (115,801)        |   |                   |        |
| Shares Outstanding at End of Period                                          | 16,279,679           |              |         | 19,646,846  |   |                   |        |

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TABLE OF CONTENTS

|                                                                                                                                             |                           |                  |        |                   |        |                  |        |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|------------------|--------|-------------------|--------|------------------|--------|--|--|--|--|--|--|
|                                                                                                                                             | Six Months Ended June 30, |                  |        |                   |        |
|                                                                                                                                             | 2020                      |                  | 2019   |                   |        |
| Cash Flows from Operating Activities                                                                                                        |                           |                  |        |                   |        |
| Net change in net assets resulting from operations                                                                                          | $                         | (1,861,427)      |   |                   | $      | 16,484,008  |   |  |  |
| Adjustments to reconcile net change in net assets resulting from operations to net cash provided by/(used in) operating activities: |                           |                  |        |                   |        |
| Net realized gain on investments                                                                                                            | (6,954,253)               |             |        | (9,524,540)       |   |                  |        |
| Net change in unrealized (appreciation)/depreciation of investments                                                                     | 1,143,739            |             |        | (8,259,431)       |   |                  |        |
| Change in deferred tax liability                                                                                                            | —              |             |        | (885,566)         |   |                  |        |
| Income tax payable                                                                                                                          | 38,965               |             |        | —      |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Amortization of discount on 4.75% Convertible Senior Notes due 2023                                                                         | 188,022              |             |        | 183,045      |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Amortization of fixed income security premiums and discounts                                                                                | —              |             |        | (2,433)           |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Stock-based compensation(1)                                                                                                                 | 1,962,431            |             |        | —      |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Adjustments to escrow proceeds receivable                                                                                                   | 75,840               |             |        | 14,891       |   |                  |        |
| Purchases of investments in:                                                                                                            |                           |                  |        |                   |        |
| Portfolio investments                                                                                                                       | (12,555,520)              |             |        | (10,008,040)      |   |                  |        |
| U.S. Treasury bills                                                                                                                         | (150,000,167)             |             |        | (199,940,333)     |   |                  |        |
| Proceeds from sales or maturity of investments in:                                                                                      |                           |                  |        |                   |        |
| Portfolio investments                                                                                                                       | 10,876,621           |             |        | 43,119,593   |   |                  |        |
| U.S. Treasury bills                                                                                                                         | 100,000,000          |             |        | 200,000,000  |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Change in operating assets and liabilities:                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Prepaid expenses and other assets                                                                                                           | 558,222              |             |        | (1,295,152)       |   |                  |        |
| Interest and dividends receivable                                                                                                           | 14,356               |             |        | (171,325)         |   |                  |        |
| Deferred financing costs                                                                                                                    | —              |             |        | 267,541      |   |                  |        |
| Escrow proceeds receivable                                                                                                                  | 198,168              |             |        | 419,762      |   |                  |        |
| Receivable from unsettled trades                                                                                                            | —              |             |        | (51,511)          |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Payable for securities purchased                                                                                                            | 44,752,951           |             |        | (2,451)           |   |                  |        |
| Accounts payable and accrued expenses                                                                                                       | 789,296              |             |        | 1,698,680    |   |                  |        |
| Payable to executive officers                                                                                                               | (1,369,873)               |             |        | —      |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Accrued incentive fees(2)                                                                                                                   | —              |             |        | (4,660,472)       |   |                  |        |
| Accrued management fees(2)                                                                                                                  | —              |             |        | (415,056)         |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Net Cash Provided by/(Used in) Operating Activities                                                                                     | (12,142,629)              |             |        | 26,971,210   |   |                  |        |
| Cash Flows from Financing Activities                                                                                                        |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Repurchases of common stock                                                                                                                 | (7,325,852)               |             |        | (737,119)         |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Dividends paid                                                                                                                              | (2,107,709)               |             |        | —      |   |                  |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
|                                                                                                                                             |                           |                  |        |                   |        |
| Net Cash Used in Financing Activities                                                                                                       | $                         | (9,433,561)      |   |                   | $      | (737,119)        |   |  |  |
|                                                                                                                                             |                           |                  |        |                   |        |
| Total Increase/(Decrease) in Cash Balance                                                                                               | $                         | (21,576,190)     |   |                   | $      | 26,234,091  |   |  |  |
| Cash Balances at Beginning of Year                                                                                                          | 44,861,263           |             |        | 28,184,163   |   |                  |        |
| Cash Balances at End of Period                                                                                                              | $                         | 23,285,073  |   |                   | $      | 54,418,254  |   |  |  |
|                                                                                                                                             |                           |                  |        |                   |        |
| Supplemental Information:                                                                                                               |                           |                  |        |                   |        |
| Interest paid                                                                                                                               | $                         | 957,607     |   |                   | $      | 1,024,911   |   |  |  |
| Taxes paid                                                                                                                                  | $                         | 9,290       |   |                   | $      | 14,726      |   |  |  |

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TABLE OF CONTENTS

|                                                               |  |                             |  |                            |  |                      |                 |                  |                  |                  |                 |                  |                   |                  |               |               |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|-----------------------------|--|----------------------------|--|----------------------|-----------------|------------------|------------------|------------------|-----------------|------------------|-------------------|------------------|---------------|---------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                        |  | Headquarters/Industry   |  | Date of Initial Investment |  | Shares/Principal |                 | Cost             |                  | Fair Value       |                 | % of NetAssets   |
| NON-CONTROLLED/NON-AFFILIATE                              |  |                             |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Coursera, Inc.                                                |  | Mountain View, CA           |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series B 8%                            |  | Online Education            |  | 6/9/2013           |  | 2,961,399       |            |                  | $                | 14,519,519  |            |                  | $                 | 49,868,841  |          |               | 25.88  | % |
| Course Hero, Inc.                                             |  | Redwood City, CA            |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series A 8%                            |  | Online Education            |  | 9/18/2014          |  | 2,145,509       |            |                  | 5,000,001   |             |                 | 33,231,041  |              |                  | 17.25    | %             |
| Palantir Technologies, Inc.                                   |  | Palo Alto, CA               |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Common shares, Class A                                   |  | Data Analysis               |  | 5/7/2012           |  | 5,773,690       |            |                  | 16,189,935  |             |                 | 30,542,820  |              |                  | 15.85    | %             |
| Nextdoor.com, Inc.                                            |  | San Francisco, CA           |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Common shares                                                 |  | Social Networking           |  | 9/27/2018          |  | 580,360         |            |                  | 10,002,666  |             |                 | 10,537,655  |              |                  | 5.47     | %             |
| SharesPost, Inc.                                              |  | San Francisco, CA           |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series B 6%                            |  | Online Marketplace Finance  |  | 7/19/2011          |  | 1,771,653       |            |                  | 2,259,716   |             |                 | 8,258,137   |              |                  | 4.29     | %             |
| Common shares                                                 |  |                             |  | 7/20/2011          |  | 770,934         |            |                  | 123,987     |             |                 | 1,188,410   |              |                  | 0.62     | %             |
| Total                                                         |  |                             |  |                            |  | ​              |                 | 2,383,703   |             |                  | 9,446,547  |             |                   | 4.91        | %             |
| Palantir Lending Trust SPV I **(10)                           |  | Palo Alto, CA               |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Collateralized Loan 15%, Due 6/19/2022***             |  | Data Analysis               |  | 6/19/2020          |  | $                    | 6,900,000  |             |                  | 6,900,429   |            |                  | 6,900,000    |             |               | 3.58     | %           |
| Equity Participation in Underlying Collateral                 |  |                             |  | 6/19/2020          |  |                      |                 | —     |             |                  | —    |             |                   | —     | %             |
| Total                                                         |  |                             |  |                            |  |                      |                 | 6,900,429   |             |                  | 6,900,000  |             |                   | 3.58        | %             |
| Enjoy Technology, Inc.                                        |  | Menlo Park, CA              |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series B 6%                            |  | On-Demand Commerce          |  | 7/29/2015          |  | 1,681,520       |            |                  | 4,000,280   |             |                 | 4,000,000   |              |                  | 2.08     | %             |
| Preferred shares, Series A 6%                            |  |                             |  | 10/16/2014         |  | 879,198         |            |                  | 1,002,440   |             |                 | 1,672,474   |              |                  | 0.87     | %             |
| Total                                                         |  |                             |  |                            |  |                      |                 | 5,002,720   |             |                  | 5,672,474  |             |                   | 2.95        | %             |
| Rent the Runway, Inc.                                         |  | New York, NY                |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares                                              |  | Subscription Fashion Rental |  | 6/17/2020          |  | 339,191         |            |                  | 5,152,140   |             |                 | 5,000,001   |              |                  | 2.59     | %             |
| Aspiration Partners, Inc.                                     |  | Marina Del Rey, CA          |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series A                               |  | Financial Services          |  | 8/11/2015          |  | 540,270              |                 | 1,001,815   |             |                  | 4,591,904  |             |                   | 2.38        | %             |
| Preferred shares, Series C-3 (12)                             |  |                             |  | 8/12/2019          |  | 24,912          |            |                  | 281,190     |             |                 | 251,994     |              |                  | 0.13     | %             |
| Total                                                         |  |                             |  |                            |  |                      |                 | 1,283,005   |             |                  | 4,843,898  |             |                   | 2.51        | %             |
| Treehouse Real Estate Investment Trust, Inc.                  |  | Chicago, IL                 |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Common shares***(8)                                           |  | Cannabis REIT               |  | 9/11/2019          |  | 312,500         |            |                  | 7,500,000   |             |                 | 4,281,692   |              |                  | 2.22     | %             |
| Neutron Holdings, Inc. (d/b/a/ Lime)              |  | San Francisco, CA           |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Junior Preferred shares, Series 1-D(11)                       |  | Micromobility               |  | 1/25/2019          |  | 41,237,113      |            |                  | 10,007,322  |             |                 | 3,485,014   |              |                  | 1.81     | %             |
| Junior Preferred Convertible Note 4% Due 5/11/2027*** |  |                             |  | 5/11/2020          |  | $                    | 506,339    |             |                  | 506,339     |            |                  | 506,339      |             |               | 0.26     | %           |
| Total                                                         |  | ​                     |  |                            |  | ​              |                 | 10,513,661  |             |                  | 3,991,353  |             |                   | 2.07        | %             |
| Clever, Inc.                                                  |  | San Francisco, CA           |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series B 8%                            |  | Education Software          |  | 12/5/2014          |  | 1,799,047       |            |                  | 2,000,601   |             |                 | 2,000,001   |              |                  | 1.04     | %             |
| 4C Insights (f/k/a The Echo Systems Corp.)            |  | Chicago, IL                 |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Common shares                                                 |  | Social Data Platform        |  | 3/30/2012          |  | 436,219              |                 | 1,436,404   |             |                  | 813,093    |             |                   | 0.42        | %             |
| Tynker (f/k/a Neuron Fuel, Inc.)                      |  | Mountain View, CA           |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Preferred shares, Series A 8%                            |  | Computer Software           |  | 8/8/2012           |  | 534,162         |            |                  | 309,310     |             |                 | 791,361     |              |                  | 0.41     | %             |
| A Place for Rover Inc. (f/k/a DogVacay, Inc.)         |  | Seattle, WA                 |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Common shares                                                 |  | Peer-to-Peer Pet Services   |  | 11/3/2014          |  | 707,991         |            |                  | 2,506,119   |             |                 | 779,645     |              |                  | 0.40     | %             |
| Fullbridge, Inc.                                              |  | Cambridge, MA               |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Common shares                                                 |  | Business Education          |  | 5/13/2012          |  | 517,917         |            |                  | 6,150,506   |             |                 | —     |              |                  | —  | %             |
| Promissory Note 1.47%, Due 11/9/2021(4)               |  |                             |  | 3/3/2016           |  | $                    | 2,270,458  |             |                  | 2,270,858   |            |                  | —      |             |               | —  | %           |
| Total                                                         |  |                             |  |                            |  |                      |                 | 8,421,364   |             |                  | —    |             |                   | —     | %             |
|                                                               |  |                             |  |                            |  |                      |                 |                  |                  |                  |                 |                  |
| Total Non-controlled/Non-affiliate                        |  |                             |  |                            |  |                      |                 | $                | 99,121,577  |             |                 | $                | 168,700,422  |             |               | 87.55    | %           |

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TABLE OF CONTENTS

|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |                  |                 |               |             |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|-----------------|------------------|------------------|-----------------|------------------|-----------------|------------------|-----------------|---------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                                    |  | Headquarters/Industry  |  | Date of Initial Investment |  | Shares/Principal |                 | Cost             |                  | Fair Value      |                  | % of NetAssets  |
| NON-CONTROLLED/AFFILIATE(1)                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Ozy Media, Inc.                                                                           |  | Mountain View, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series C-2 6%                                                           |  | Digital Media Platform     |  | 9/11/2019          |  | 683,482         |            |                  | $                | 2,414,178  |             |                 | $                | 2,114,591  |          |             | 1.10  | % |
| Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                     |  |                            |  | 4/9/2018           |  | 295,565         |            |                  | 30,647      |            |                  | 913,296    |             |                 | 0.47     | %           |
| Preferred shares, Series B 6%                                                             |  |                            |  | 10/3/2014          |  | 922,509         |            |                  | 4,999,999   |            |                  | 3,350,952  |             |                 | 1.74     | %           |
| Preferred shares, Series A 6%                                                             |  |                            |  | 12/11/2013         |  | 1,090,909       |            |                  | 3,000,200   |            |                  | 3,375,109  |             |                 | 1.75     | %           |
| Preferred shares, Series Seed 6%                                                          |  |                            |  | 11/2/2012          |  | 500,000         |            |                  | 500,000     |            |                  | 1,546,925  |             |                 | 0.80     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 10,945,024  |             |                 | 11,300,873  |            |                  | 5.86       | %             |
| StormWind, LLC(5)                                                                         |  | Scottsdale, AZ             |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series D 8%                                                        |  | Interactive Learning       |  | 11/26/2019         |  | 329,337         |            |                  | 257,267     |            |                  | 456,355    |             |                 | 0.24     | %           |
| Preferred shares, Series C 8%                                                        |  |                            |  | 1/7/2014           |  | 2,779,134       |            |                  | 4,000,787   |            |                  | 4,952,680  |             |                 | 2.57     | %           |
| Preferred shares, Series B 8%                                                        |  |                            |  | 12/16/2011         |  | 3,279,629       |            |                  | 2,019,687   |            |                  | 2,783,101  |             |                 | 1.44     | %           |
| Preferred shares, Series A 8%                                                        |  |                            |  | 2/25/2014          |  | 366,666         |            |                  | 110,000     |            |                  | 105,883    |             |                 | 0.05     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 6,387,741   |             |                 | 8,298,019   |            |                  | 4.31       | %             |
| GreenAcreage Real Estate Corp.                                                            |  | New York, NY               |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Common shares***(9)                                                                       |  | Cannabis REIT              |  | 8/12/2019          |  | 375,000         |            |                  | 7,501,530   |            |                  | 6,750,000  |             |                 | 3.50     | %           |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)                                              |  | San Mateo, CA              |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Derivative Security, Expiration Date 8/23/2024(7)                                 |  | Global Innovation Platform |  | 8/23/2019          |  | 1               |            |                  | 8,555,124   |            |                  | 2,053,431  |             |                 | 1.07     | %           |
| Convertible Promissory Note 8% Due 8/23/2024(4)(7)                                |  |                            |  | 2/17/2016          |  | $                    | 1,010,198  |             |                  | 1,030,176  |             |                 | 505,099     |            |               | 0.26   | %          |
| Preferred Warrants Series A-3, Strike Price $1.33, Expiration Date 4/4/2021  |  |                            |  | 4/4/2014           |  | 187,500         |            |                  | —     |            |                  | 12,188     |             |                 | 0.01     | %           |
| Preferred Warrants Series A-4, Strike Price $1.33, Expiration Date 10/6/2021 |  |                            |  | 10/6/2014          |  | 500,000         |            |                  | —     |            |                  | 70,000     |             |                 | 0.04     | %           |
| Preferred Warrants Series A-4, Strike Price $1.33, Expiration Date 7/18/2021 |  |                            |  | 7/8/2016           |  | 250,000         |            |                  | 74,380      |            |                  | 37,500     |             |                 | 0.02     | %           |
| Preferred Warrants Series B, Strike Price $2.31, Expiration Date 11/29/2021  |  |                            |  | 11/29/2016         |  | 100,000         |            |                  | 29,275      |            |                  | —    |             |                 | —  | %           |
| Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022         |  |                            |  | 5/29/2017          |  | 125,000         |            |                  | 70,379      |            |                  | —    |             |                 | —  | %           |
| Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023        |  |                            |  | 12/31/2018         |  | 250,000         |            |                  | 5,080       |            |                  | 6,125      |             |                 | 0.00     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 9,764,414   |             |                 | 2,684,343   |            |                  | 1.39       | %             |
| CUX, Inc. (d/b/a CorpU)                                                           |  | Philadelphia, PA           |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Senior Subordinated Convertible Promissory Note 4% Due 2/14/2023(4)               |  | Corporate Education        |  | 11/26/2014         |  | $                    | 1,251,158  |             |                  | 1,256,191  |             |                 | 312,789     |            |               | 0.16   | %          |
| Convertible preferred shares, Series D 6%                                            |  |                            |  | 5/31/2013          |  | 169,033         |            |                  | 778,607     |            |                  | 92,674     |             |                 | 0.05     | %           |
| Convertible preferred shares, Series C 8%                                            |  |                            |  | 3/29/2012          |  | 615,763         |            |                  | 2,006,077   |            |                  | —    |             |                 | —  | %           |
|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 4,040,875   |             |                 | 405,463     |            |                  | 0.21       | %             |
| Maven Research, Inc.                                                                      |  | San Francisco, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series C 8%                                                        |  | Knowledge Networks         |  | 7/2/2012           |  | 318,979         |            |                  | 2,000,447   |            |                  | —    |             |                 | —  | %           |
| Preferred shares, Series B 5%                                                        |  |                            |  | 2/28/2012          |  | 49,505          |            |                  | 217,206     |            |                  | —    |             |                 | —  | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 2,217,653   |             |                 | —     |            |                  | —    | %             |
| Curious.com, Inc.                                                                         |  | Menlo Park, CA             |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Common shares                                                                             |  | Online Education           |  | 11/22/2013         |  | 1,135,944       |            |                  | 12,000,006  |            |                  | —    |             |                 | —  | %           |
|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Total Non-controlled/Affiliate                                                        |  |                            |  |                            |  |                      |                 | $                | 52,857,243  |            |                  | $               | 29,438,698  |            |               | 15.28  | %          |

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TABLE OF CONTENTS

|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |                   |               |               |              |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|---------------------------|--|----------------------------|--|----------------------|-------------------|-----------------|-------------------|------------------|---------------|----------------|-------------------|---------------|---------------|--------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                        |  | Headquarters/Industry |  | Date of Initial Investment |  | Shares/Principal |                   | Cost            |                   | Fair Value       |               | % of NetAssets |
| CONTROLLED(2)                                                 |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.) |  | Cupertino, CA             |  |                            |  |                      |                   |                 |                   |                  |               |                |
| Preferred shares, Class A***(6)                          |  | Clean Technology          |  | 4/15/2014          |  | 14,300,000      |              |                 | $                 | 7,151,412   |          |                | $                 | 860,198  |          |              | 0.45  | % |
| Common shares                                                 |  |                           |  | 4/15/2014          |  | 100,000         |              |                 | 10,000       |             |               | —   |              |               | —  | %            |
| Total                                                         |  |                           |  |                            |  |                      |                   | 7,161,412  |              |                  | 860,198  |           |                   | 0.45     | %             |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |
| Total Controlled                                              |  |                           |  |                            |  |                      |                   | $               | 7,161,412    |             |               | $              | 860,198      |          |               | 0.45    | %          |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |
| Total Portfolio Investments                                   |  |                           |  |                            |  |                      |                   | $               | 159,140,232  |             |               | $              | 198,999,318  |          |               | 103.27  | %          |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |
| U.S. Treasury                                                 |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |
| U.S. Treasury bill, 0%, due 7/2/2020***(3)            |  |                           |  | 6/29/2020          |  | $                    | 100,000,000  |            |                   | 99,999,611  |          |                | 100,000,000  |          |               | 51.90   | %          |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                  |               |                |
| TOTAL INVESTMENTS                                             |  |                           |  |                            |  |                      |                   | $               | 259,139,843  |             |               | $              | 298,999,318  |          |               | 155.17  | %          |

----

TABLE OF CONTENTS

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TABLE OF CONTENTS

|                                                          |  |                            |  |                            |  |                      |                 |                 |                  |                  |                 |                  |                   |                  |               |               |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|-----------------|-----------------|------------------|------------------|-----------------|------------------|-------------------|------------------|---------------|---------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                   |  | Headquarters/Industry  |  | Date of Initial Investment |  | Shares/Principal |                 | Cost            |                  | Fair Value       |                 | % of NetAssets   |
| NON-CONTROLLED/NON-AFFILIATE                         |  |                            |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Coursera, Inc.                                           |  | Mountain View, CA          |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series B 8%                       |  | Online Education           |  | 6/9/2013           |  | 2,961,399       |            |                 | $                | 14,519,519  |            |                  | $                 | 33,569,902  |          |               | 16.79  | % |
| Palantir Technologies, Inc.                              |  | Palo Alto, CA              |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Common shares, Class A                              |  | Data Analysis              |  | 5/7/2012           |  | 5,773,690       |            |                 | 16,189,935  |             |                 | 31,582,084  |              |                  | 15.80    | %             |
| Course Hero, Inc.                                        |  | Redwood City, CA           |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series A 8%                       |  | Online Education           |  | 9/18/2014          |  | 2,145,509       |            |                 | 5,000,001   |             |                 | 25,674,019  |              |                  | 12.84    | %             |
| Parchment, Inc.                                          |  | Scottsdale, AZ             |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series D 8%                       |  | E-Transcript Exchange      |  | 10/1/2012          |  | 3,200,512       |            |                 | 4,000,982   |             |                 | 10,896,585  |              |                  | 5.45     | %             |
| Nextdoor.com, Inc.                                       |  | San Francisco, CA          |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Common shares                                            |  | Social Networking          |  | 9/27/2018          |  | 580,360         |            |                 | 10,006,578  |             |                 | 10,867,365  |              |                  | 5.43     | %             |
| Neutron Holdings, Inc. (d/b/a/ Lime)         |  | San Francisco, CA          |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series D 6%                            |  | Micromobility              |  | 1/25/2019          |  | 41,237,113      |            |                 | 10,006,800  |             |                 | 10,000,000  |              |                  | 5.00     | %             |
| Treehouse Real Estate Investment Trust, Inc.             |  | Chicago, IL                |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Common shares***(11)                                     |  | Cannabis REIT              |  | 9/11/2019          |  | 312,500         |            |                 | 7,500,000   |             |                 | 7,384,738   |              |                  | 3.69     | %             |
| Enjoy Technology, Inc.                                   |  | Menlo Park, CA             |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series B 6%                       |  | On-Demand Commerce         |  | 7/29/2015          |  | 1,681,520       |            |                 | 4,000,280   |             |                 | 4,758,702   |              |                  | 2.38     | %             |
| Preferred shares, Series A 6%                       |  |                            |  | 10/16/2014         |  | 879,198         |            |                 | 1,002,440   |             |                 | 2,488,130   |              |                  | 1.24     | %             |
| Total                                                    |  |                            |  |                            |  |                      |                 | 5,002,720  |             |                  | 7,246,832  |             |                   | 3.62        | %             |
| SharesPost, Inc.                                         |  | San Francisco, CA          |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series B 6%                       |  | Online Marketplace Finance |  | 7/19/2011          |  | 1,771,653       |            |                 | 2,259,716   |             |                 | 6,186,877   |              |                  | 3.09     | %             |
| Common shares                                            |  |                            |  | 7/20/2011          |  | 770,934         |            |                 | 123,987     |             |                 | 890,340     |              |                  | 0.45     | %             |
| Total                                                    |  |                            |  |                            |  |                      |                 | 2,383,703  |             |                  | 7,077,217  |             |                   | 3.54        | %             |
| Aspiration Partners, Inc.                                |  | Marina Del Rey, CA         |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series A                          |  | Financial Services         |  | 8/11/2015          |  | 540,270         |            |                 | 1,001,815   |             |                 | 4,471,678   |              |                  | 2.24     | %             |
| Convertible Promissory Note 5%, Due 1/31/2021*** |  |                            |  | 8/12/2019          |  | $                    | 280,000    |            |                  | 281,190     |            |                  | 321,168      |             |               | 0.16     | %           |
| Total                                                    |  |                            |  |                            |  |                      |                 | 1,283,005  |             |                  | 4,792,846  |             |                   | 2.40        | %             |
| Clever, Inc.                                             |  | San Francisco, CA          |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series B 8%                       |  | Education Software         |  | 12/5/2014          |  | 1,799,047       |            |                 | 2,000,601   |             |                 | 2,000,001   |              |                  | 1.00     | %             |
| A Place for Rover Inc. (f/k/a DogVacay, Inc.)    |  | Seattle, WA                |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Common shares                                            |  | Peer-to-Peer Pet Services  |  | 11/3/2014          |  | 707,991         |            |                 | 2,506,119   |             |                 | 963,533     |              |                  | 0.48     | %             |
| Tynker (f/k/a Neuron Fuel, Inc.)                 |  | Mountain View, CA          |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Preferred shares, Series A 8%                       |  | Computer Software          |  | 8/8/2012           |  | 534,162         |            |                 | 309,310     |             |                 | 789,491     |              |                  | 0.39     | %             |
| 4C Insights (f/k/a The Echo Systems Corp.)       |  | Chicago, IL                |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Common shares                                            |  | Social Data Platform       |  | 3/30/2012          |  | 436,219              |                 | 1,436,404  |             |                  | 21,499     |             |                   | 0.01        | %             |
| Fullbridge, Inc.                                         |  | Cambridge, MA              |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Common shares                                            |  | Business Education         |  | 5/13/2012          |  | 517,917         |            |                 | 6,150,506   |             |                 | —     |              |                  | —  | %             |
| Promissory Note 1.47%, Due 11/9/2021(4)          |  |                            |  | 3/3/2016           |  | $                    | 2,270,458  |            |                  | 2,270,858   |            |                  | —      |             |               | —  | %           |
| Total                                                    |  |                            |  |                            |  |                      |                 | 8,421,364  |             |                  | —    |             |                   | —     | %             |
|                                                          |  |                            |  |                            |  |                      |                 |                 |                  |                  |                 |                  |
| Total Non-controlled/Non-affiliate                   |  |                            |  |                            |  |                      |                 | $               | 90,567,041  |             |                 | $                | 152,866,112  |             |               | 76.46    | %           |

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|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |                  |                 |               |             |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|-----------------|------------------|------------------|-----------------|------------------|-----------------|------------------|-----------------|---------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                                    |  | Headquarters/Industry  |  | Date of Initial Investment |  | Shares/Principal |                 | Cost             |                  | Fair Value      |                  | % of NetAssets  |
| NON-CONTROLLED/AFFILIATE(1)                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Ozy Media, Inc.                                                                           |  | Mountain View, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series C-2 6%(7)                                                        |  | Digital Media Platform     |  | 9/11/2019          |  | 683,482         |            |                  | $                | 2,414,178  |             |                 | $                | 2,970,252  |          |             | 1.49  | % |
| Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                     |  |                            |  | 4/9/2018           |  | 295,565         |            |                  | 30,647      |            |                  | 1,182,260  |             |                 | 0.59     | %           |
| Preferred shares, Series B 6%                                                             |  |                            |  | 10/3/2014          |  | 922,509         |            |                  | 4,999,999   |            |                  | 5,001,420  |             |                 | 2.50     | %           |
| Preferred shares, Series A 6%                                                             |  |                            |  | 12/11/2013         |  | 1,090,909       |            |                  | 3,000,200   |            |                  | 4,528,107  |             |                 | 2.27     | %           |
| Preferred shares, Series Seed 6%                                                          |  |                            |  | 11/2/2012          |  | 500,000         |            |                  | 500,000     |            |                  | 2,002,143  |             |                 | 1.00     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 10,945,024  |             |                 | 15,684,182  |            |                  | 7.85       | %             |
| StormWind, LLC(5)                                                                         |  | Scottsdale, AZ             |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series D 8%(10)                                                    |  | Interactive Learning       |  | 11/26/2019         |  | 329,337         |            |                  | 257,267     |            |                  | 503,120    |             |                 | 0.25     | %           |
| Preferred shares, Series C 8%                                                        |  |                            |  | 1/7/2014           |  | 2,779,134       |            |                  | 4,000,787   |            |                  | 5,391,000  |             |                 | 2.70     | %           |
| Preferred shares, Series B 8%                                                        |  |                            |  | 12/16/2011         |  | 3,279,629       |            |                  | 2,019,687   |            |                  | 3,248,804  |             |                 | 1.62     | %           |
| Preferred shares, Series A 8%                                                        |  |                            |  | 2/25/2014          |  | 366,666         |            |                  | 110,000     |            |                  | 157,949    |             |                 | 0.08     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 6,387,741   |             |                 | 9,300,873   |            |                  | 4.65       | %             |
| GreenAcreage Real Estate Corp.                                                            |  | New York, NY               |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Common shares                                                                             |  | Cannabis REIT              |  | 8/12/2019          |  | 375,000         |            |                  | 7,501,530   |            |                  | 7,500,000  |             |                 | 3.75     | %           |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)                                              |  | San Mateo, CA              |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Derivative Security, Expiration Date 8/23/2024(9)                                 |  | Global Innovation Platform |  | 8/23/2019          |  | 1               |            |                  | 8,555,124   |            |                  | 3,880,621  |             |                 | 1.94     | %           |
| Convertible Promissory Note 8% Due 8/23/2024***(9)                                |  |                            |  | 2/17/2016          |  | $                    | 1,010,198  |             |                  | 1,030,176  |             |                 | 1,010,198   |            |               | 0.51   | %          |
| Preferred Warrants Series A-3, Strike Price $1.33, Expiration Date 4/4/2021  |  |                            |  | 4/4/2014           |  | 187,500         |            |                  | —          |                 | 20,625      |            |                  | 0.01       | %             |
| Preferred Warrants Series A-4, Strike Price $1.33, Expiration Date 10/6/2021 |  |                            |  | 10/6/2014          |  | 500,000         |            |                  | —          |                 | 135,000     |            |                  | 0.07       | %             |
| Preferred Warrants Series A-4, Strike Price $1.33, Expiration Date 7/18/2021 |  |                            |  | 7/8/2016           |  | 250,000         |            |                  | 74,380      |            |                  | 62,500     |             |                 | 0.03     | %           |
| Preferred Warrants Series B, Strike Price $2.31, Expiration Date 11/29/2021  |  |                            |  | 11/29/2016         |  | 100,000         |            |                  | 29,275      |            |                  | —    |             |                 | —  | %           |
| Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022         |  |                            |  | 5/29/2017          |  | 125,000         |            |                  | 70,379      |            |                  | —    |             |                 | —  | %           |
| Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023        |  |                            |  | 12/31/2018         |  | 250,000         |            |                  | 5,080       |            |                  | 2,500      |             |                 | 0.00     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 9,764,414   |             |                 | 5,111,444   |            |                  | 2.56       | %             |
| CUX, Inc. (d/b/a CorpU)                                                           |  | Philadelphia, PA           |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Senior Subordinated Convertible Promissory Note 4% Due 2/14/2023(4)(6)            |  | Corporate Education        |  | 11/26/2014         |  | $                    | 1,251,158  |             |                  | 1,256,191  |             |                 | 312,789     |            |               | 0.15   | %          |
| Convertible preferred shares, Series D 6%                                            |  |                            |  | 5/31/2013          |  | 169,033         |            |                  | 778,607     |            |                  | 34,980     |             |                 | 0.02     | %           |
| Convertible preferred shares, Series C 8%                                            |  |                            |  | 3/29/2012          |  | 615,763         |            |                  | 2,006,077   |            |                  | —    |             |                 | —  | %           |
| Preferred Warrants Series D, Strike Price $4.59, Expiration Date 2/14/2020        |  |                            |  | 5/31/2013          |  | 16,903          |            |                  | —     |            |                  | —    |             |                 | —  | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 4,040,875   |             |                 | 347,769     |            |                  | 0.17       | %             |
| Maven Research, Inc.                                                                      |  | San Francisco, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series C 8%                                                        |  | Knowledge Networks         |  | 7/2/2012           |  | 318,979         |            |                  | 2,000,447   |            |                  | —    |             |                 | —  | %           |
| Preferred shares, Series B 5%                                                        |  |                            |  | 2/28/2012          |  | 49,505          |            |                  | 217,206     |            |                  | —    |             |                 | —  | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 2,217,653   |             |                 | —     |            |                  | —    | %             |
| Curious.com, Inc.                                                                         |  | Menlo Park, CA             |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Common shares                                                                             |  | Online Education           |  | 11/22/2013         |  | 1,135,944       |            |                  | 12,000,006  |            |                  | —    |             |                 | —  | %           |
|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Total Non-controlled/Affiliate                                                        |  |                            |  |                            |  |                      |                 | $                | 52,857,243  |            |                  | $               | 37,944,268  |            |               | 18.98  | %          |

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|                                                               |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |                   |               |               |              |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|---------------------------|--|----------------------------|--|----------------------|------------------|-----------------|-------------------|------------------|---------------|----------------|-------------------|---------------|---------------|--------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                        |  | Headquarters/Industry |  | Date of Initial Investment |  | Shares/Principal |                  | Cost            |                   | Fair Value       |               | % of NetAssets |
| CONTROLLED(2)                                                 |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.) |  | Cupertino, CA             |  |                            |  |                      |                  |                 |                   |                  |               |                |
| Preferred shares, Class A***(8)                          |  | Clean Technology          |  | 4/15/2014          |  | 14,300,000      |             |                 | $                 | 7,151,412   |          |                | $                 | 775,198  |          |              | 0.39  | % |
| Common shares                                                 |  |                           |  | 4/15/2014          |  | 100,000         |             |                 | 10,000       |             |               | —   |              |               | —  | %            |
| Total                                                         |  |                           |  |                            |  |                      |                  | 7,161,412  |              |                  | 775,198  |           |                   | 0.39     | %             |
|                                                               |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |
| Total Controlled                                              |  |                           |  |                            |  |                      |                  | $               | 7,161,412    |             |               | $              | 775,198      |          |               | 0.39    | %          |
|                                                               |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |
| Total Portfolio Investments                                   |  |                           |  |                            |  |                      |                  | $               | 150,585,696  |             |               | $              | 191,585,578  |          |               | 95.83   | %          |
|                                                               |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |
| U.S. Treasury                                                 |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |
| U.S. Treasury bill, 0%, due 1/2/2020***(3)            |  |                           |  | 12/30/2019         |  | $                    | 50,000,000  |            |                   | 49,996,667  |          |                | 50,000,000   |          |               | 25.01   | %          |
|                                                               |  |                           |  |                            |  |                      |                  |                 |                   |                  |               |                |
| TOTAL INVESTMENTS                                             |  |                           |  |                            |  |                      |                  | $               | 200,582,363  |             |               | $              | 241,585,578  |          |               | 120.84  | %          |

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|                                                                                            |  |                              |  |                        |  |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|------------------------------|--|------------------------|--|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Subsidiary                                                                                 |  | Jurisdiction ofIncorporation |  | FormationDate          |  | PercentageOwned |
| GCL                                                                                        |  | Delaware                     |  | April 13, 2012    |  | 100%            |
| Subsidiaries below are referred to collectively, as the “Taxable Subsidiaries” |  |                              |  |                        |  |                 |
| GSVC AE Holdings, Inc. (“GAE”)                                                 |  | Delaware                     |  | November 28, 2012 |  | 100%            |
| GSVC AV Holdings, Inc. (“GAV”)                                                 |  | Delaware                     |  | November 28, 2012 |  | 100%            |
| GSVC NG Holdings, Inc. (“GNG”)(1)                                              |  | Delaware                     |  | November 28, 2012 |  | 100%            |
| GSVC SW Holdings, Inc. (“GSW”)                                                 |  | Delaware                     |  | November 28, 2012 |  | 100%            |
| GSVC WS Holdings, Inc. (“GWS”)(1)                                              |  | Delaware                     |  | November 28, 2012 |  | 100%            |
| GSVC SVDS Holdings, Inc. (“SVDS”)                                              |  | Delaware                     |  | August 13, 2013   |  | 100%            |

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|                                |               |              |                   |               |        |              |        |  |  |  |  |
|--------------------------------|---------------|--------------|-------------------|---------------|--------|--------------|--------|--|--|--|--|
|                                | June 30, 2020 |              | December 31, 2019 |
| Deferred credit facility costs | $             | 11,382  |              |               | $      | 11,382  |   |
| Deferred offering costs        | —  |         |                   | —  |   |
| Deferred Financing Costs       | $             | 11,382  |              |               | $      | 11,382  |   |

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|                                     |                   |                   |            |                   |                         |                   |                   |   |             |                   |                         |   |                   |        |  |               |                   |        |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|-------------------|-------------------|------------|-------------------|-------------------------|-------------------|-------------------|---|-------------|-------------------|-------------------------|---|-------------------|--------|--|---------------|-------------------|--------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                     | June 30, 2020     |                   |            |                   |                         |                   | December 31, 2019 |   |             |                   |                         |
|                                     | Cost              |                   | Fair Value |                   | Percentage ofNet Assets |                   | Cost              |   | Fair Value  |                   | Percentage ofNet Assets |
| Private Portfolio Companies         |                   |                   |            |                   |                         |                   |                   |   |             |                   |                         |
| Preferred Stock                     | $                 | 74,990,201   |       |                   | $                       | 132,789,236  |              |   | 68.9   | %                 |                         | $ | 73,557,331   |   |  | $             | 125,448,358  |   |  | 62.8   | % |
| Common Stock                        | 63,421,153   |              |            | 54,893,315   |                    |                   | 28.5         | % |             | 63,425,065   |                    |   | 59,209,559   |   |  | 29.6     | %                 |
| Debt Investments                    | 11,963,993   |              |            | 8,224,227    |                    |                   | 4.3          | % |             | 4,838,415    |                    |   | 1,644,155    |   |  | 0.8      | %                 |
| Options                             | 8,764,885    |              |            | 3,092,540    |                    |                   | 1.6          | % |             | 8,764,885    |                    |   | 5,283,506    |   |  | 2.6      | %                 |
| Private Portfolio Companies         | 159,140,232  |              |            | 198,999,318  |                    |                   | 103.3        | % |             | 150,585,696  |                    |   | 191,585,578  |   |  | 95.8     | %                 |
| Publicly Traded Portfolio Companies |                   |                   |            |                   |                         |                   |                   |   |             |                   |                         |
| Common Stock                        | —      |              |            | —      |                    |                   | —      | % |             | —      |                    |   | —      |   |  | —  | %                 |
| Total Portfolio Investments         | 159,140,232  |              |            | 198,999,318  |                    |                   | 103.3        | % |             | 150,585,696  |                    |   | 191,585,578  |   |  | 95.8     | %                 |
| Non-Portfolio Investments           |                   |                   |            |                   |                         |                   |                   |   |             |                   |                         |
| U.S. Treasury bill                  | 99,999,611   |              |            | 100,000,000  |                    |                   | 51.9         | % |             | 49,996,667   |                    |   | 50,000,000   |   |  | 25.0     | %                 |
| Total Investments                   | $                 | 259,139,843  |       |                   | $                       | 298,999,318  |              |   | 155.2  | %                 |                         | $ | 200,582,363  |   |  | $             | 241,585,578  |   |  | 120.8  | % |

|                   |                     |                   |                        |           |                         |   |                         |             |                        |                 |                         |                   |           |   |             |           |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|---------------------|-------------------|------------------------|-----------|-------------------------|---|-------------------------|-------------|------------------------|-----------------|-------------------------|-------------------|-----------|---|-------------|-----------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                   | As of June 30, 2020 |                   |                        |           |                         |   | As of December 31, 2019 |             |                        |                 |                         |
|                   | Fair Value          |                   | Percentage ofPortfolio |           | Percentage ofNet Assets |   | Fair Value              |             | Percentage ofPortfolio |                 | Percentage ofNet Assets |
| Geographic Region |                     |                   |                        |           |                         |   |                         |             |                        |                 |                         |
| West              | $                   | 181,749,069  |                   |           | 91.3               | % |                         | 94.3   | %                      |                 | $                       | 176,331,572  |      |   | 92.0   | %         |   | 88.2  | % |
| Northeast         | 12,155,464     |              |                        | 6.1  | %                       |   | 6.3                | %           |                        | 7,847,769  |                    |                   | 4.1  | % |             | 3.9  | % |
| Mid-west          | 5,094,785      |              |                        | 2.6  | %                       |   | 2.7                | %           |                        | 7,406,237  |                    |                   | 3.9  | % |             | 3.7  | % |
|                   |                     |                   |                        |           |                         |   |                         |             |                        |                 |                         |
| Total             | $                   | 198,999,318  |                   |           | 100.0              | % |                         | 103.3  | %                      |                 | $                       | 191,585,578  |      |   | 100.0  | %         |   | 95.8  | % |

|                      |                     |                   |                        |            |                         |   |                         |             |                        |                  |                         |                   |            |   |             |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------|---------------------|-------------------|------------------------|------------|-------------------------|---|-------------------------|-------------|------------------------|------------------|-------------------------|-------------------|------------|---|-------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                      | As of June 30, 2020 |                   |                        |            |                         |   | As of December 31, 2019 |             |                        |                  |                         |
|                      | Fair Value          |                   | Percentage ofPortfolio |            | Percentage ofNet Assets |   | Fair Value              |             | Percentage ofPortfolio |                  | Percentage ofNet Assets |
| Industry             |                     |                   |                        |            |                         |   |                         |             |                        |                  |                         |
| Education Technology | $                   | 94,594,726   |                   |            | 47.5               | % |                         | 49.1   | %                      |                  | $                       | 82,578,640   |       |   | 43.1   | %          |   | 41.3  | % |
| Big Data/Cloud   | 37,442,820     |              |                        | 18.8  | %                       |   | 19.4               | %           |                        | 31,582,084  |                    |                   | 16.5  | % |             | 15.8  | % |
| Financial Technology | 25,322,137     |              |                        | 12.7  | %                       |   | 13.1               | %           |                        | 26,754,801  |                    |                   | 14.0  | % |             | 13.4  | % |
| Social/Mobile    | 22,651,621     |              |                        | 11.4  | %                       |   | 11.8               | %           |                        | 26,573,046  |                    |                   | 13.8  | % |             | 13.3  | % |
| Marketplaces         | 18,127,816     |              |                        | 9.1   | %                       |   | 9.4                | %           |                        | 23,321,809  |                    |                   | 12.2  | % |             | 11.6  | % |
| Sustainability       | 860,198        |              |                        | 0.5   | %                       |   | 0.5                | %           |                        | 775,198     |                    |                   | 0.4   | % |             | 0.4   | % |
| Total                | $                   | 198,999,318  |                   |            | 100.0              | % |                         | 103.3  | %                      |                  | $                       | 191,585,578  |       |   | 100.0  | %          |   | 95.8  | % |

----

TABLE OF CONTENTS

|                      |  |                             |  |  |  |  |  |  |
|----------------------|--|-----------------------------|--|--|--|--|--|--|
| Industry Theme       |  | Industry                    |
| Education Technology |  | Business Education          |
|                      |  | Computer Software           |
|                      |  | Corporate Education         |
|                      |  |                             |
|                      |  | Education Software          |
|                      |  |                             |
|                      |  | E-Transcript Exchange       |
|                      |  | Interactive Learning        |
|                      |  | Online Education            |
| Big Data/Cloud   |  | Data Analysis               |
|                      |  |                             |
|                      |  |                             |
| Marketplaces         |  | Global Innovation Platform  |
|                      |  | Knowledge Networks          |
|                      |  | On-Demand Commerce          |
|                      |  | Subscription Fashion Rental |
|                      |  | Micromobility               |
|                      |  |                             |
|                      |  | Peer-to-Peer Pet Services   |
| Financial Technology |  | Online Marketplace Finance  |
|                      |  | Financial Services          |
|                      |  | Cannabis REIT               |
| Social/Mobile    |  | Digital Media Platform      |
|                      |  | Social Networking           |
|                      |  |                             |
|                      |  | Social Data Platform        |
| Sustainability       |  | Clean Technology            |

----

TABLE OF CONTENTS

|                                     |                                                                      |                   |                                                 |               |                                             |               |                   |        |   |                   |        |  |   |                   |        |  |  |  |  |  |  |  |  |
|-------------------------------------|----------------------------------------------------------------------|-------------------|-------------------------------------------------|---------------|---------------------------------------------|---------------|-------------------|--------|---|-------------------|--------|--|---|-------------------|--------|--|--|--|--|--|--|--|--|
|                                     | As of June 30, 2020                                                  |                   |                                                 |               |                                             |               |                   |
|                                     | Quoted Prices inActive Markets forIdentical Securities(Level 1) |                   | Significant OtherObservableInputs(Level 2) |               | SignificantUnobservableInputs(Level 3) |               | Total             |
| Investments at Fair Value           |                                                                      |                   |                                                 |               |                                             |               |                   |
| Private Portfolio Companies         |                                                                      |                   |                                                 |               |                                             |               |                   |
| Preferred Stock                     | $                                                                    | —      |                                            |               | $                                           | —  |              |        | $ | 132,789,236  |   |  | $ | 132,789,236  |   |
| Common Stock                        | —                                                         |              |                                                 | —  |                                        |               | 54,893,315   |   |   | 54,893,315   |   |
| Debt Investments                    | —                                                         |              |                                                 | —  |                                        |               | 8,224,227    |   |   | 8,224,227    |   |
| Options                             | —                                                         |              |                                                 | —  |                                        |               | 3,092,540    |   |   | 3,092,540    |   |
| Private Portfolio Companies         | —                                                         |              |                                                 | —  |                                        |               | 198,999,318  |   |   | 198,999,318  |   |
| Publicly Traded Portfolio Companies |                                                                      |                   |                                                 |               |                                             |               |                   |
| Common Stock                        | —                                                         |              |                                                 | —  |                                        |               | —      |   |   | —      |   |
| Total Portfolio Investments         | —                                                         |              |                                                 | —  |                                        |               | 198,999,318  |   |   | 198,999,318  |   |
| Non-Portfolio Investments           |                                                                      |                   |                                                 |               |                                             |               |                   |
| U.S. Treasury bills                 | 100,000,000                                                     |              |                                                 | —  |                                        |               | —      |   |   | 100,000,000  |   |
| Total Investments at Fair Value     | $                                                                    | 100,000,000  |                                            |               | $                                           | —  |              |        | $ | 198,999,318  |   |  | $ | 298,999,318  |   |

|                                     |                                                                      |                  |                                                 |               |                                             |               |                   |        |   |                   |        |  |   |                   |        |  |  |  |  |  |  |  |  |
|-------------------------------------|----------------------------------------------------------------------|------------------|-------------------------------------------------|---------------|---------------------------------------------|---------------|-------------------|--------|---|-------------------|--------|--|---|-------------------|--------|--|--|--|--|--|--|--|--|
|                                     | As of December 31, 2019                                              |                  |                                                 |               |                                             |               |                   |
|                                     | Quoted Prices inActive Markets forIdentical Securities(Level 1) |                  | Significant OtherObservableInputs(Level 2) |               | SignificantUnobservableInputs(Level 3) |               | Total             |
| Investments at Fair Value           |                                                                      |                  |                                                 |               |                                             |               |                   |
| Private Portfolio Companies         |                                                                      |                  |                                                 |               |                                             |               |                   |
| Preferred Stock                     | $                                                                    | —     |                                            |               | $                                           | —  |              |        | $ | 125,448,358  |   |  | $ | 125,448,358  |   |
| Common Stock                        | —                                                         |             |                                                 | —  |                                        |               | 59,209,559   |   |   | 59,209,559   |   |
| Debt Investments                    | —                                                         |             |                                                 | —  |                                        |               | 1,644,155    |   |   | 1,644,155    |   |
| Options                             | —                                                         |             |                                                 | —  |                                        |               | 5,283,506    |   |   | 5,283,506    |   |
| Private Portfolio Companies         | —                                                         |             |                                                 | —  |                                        |               | 191,585,578  |   |   | 191,585,578  |   |
| Publicly Traded Portfolio Companies |                                                                      |                  |                                                 |               |                                             |               |                   |
| Common Stock                        | —                                                         |             |                                                 | —  |                                        |               | —      |   |   | —      |   |
| Total Portfolio Investments         | —                                                         |             |                                                 | —  |                                        |               | 191,585,578  |   |   | 191,585,578  |   |
| Non-Portfolio Investments           |                                                                      |                  |                                                 |               |                                             |               |                   |
| U.S. Treasury bills                 | 50,000,000                                                      |             |                                                 | —  |                                        |               | —      |   |   | 50,000,000   |   |
| Total Investments at Fair Value     | $                                                                    | 50,000,000  |                                            |               | $                                           | —  |              |        | $ | 191,585,578  |   |  | $ | 241,585,578  |   |

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TABLE OF CONTENTS

|                                     |              |                                                         |                            |                                   |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|--------------|---------------------------------------------------------|----------------------------|-----------------------------------|--|--|--|--|--|--|--|--|--|--|
| Asset                               | Fair Value   | Valuation Approach/​ Technique(1) | Unobservable Inputs(2)     | Range (Weighted Average)(3) |
| Common stock inprivate companies    | $54,893,315  | Market approach                                         | AFFO(4) multiple           | 25.10x - 25.10x (25.10x)          |
|                                     |              |                                                         | Revenue multiples          | 1.31x - 4.48x (4.04x)             |
|                                     |              |                                                         | Liquidation value          | N/A                           |
|                                     |              | Discounted cash flow                                    | Discount rate              | 12.0% (12.0%)                     |
|                                     |              |                                                         |                            |                                   |
| Preferred stock inprivate companies | $132,789,236 | Market approach                                         | Revenue multiples          | 2.34x - 3.83x (2.71x)             |
|                                     |              |                                                         | Precedenttransactions      | N/A                           |
|                                     |              | Discounted cash flow                                    | Discount rate              | 12.0% (12.0%)                     |
|                                     |              |                                                         |                            |                                   |
|                                     |              | PWERM(5)                                                | Revenue multiples          | 1.00x - 2.93x(2.90x)              |
|                                     |              |                                                         | Precedent transactions     | N/A                           |
| Debt investments                    | $8,224,227   | Market approach                                         | Revenue multiples          | 1.31x - 1.42x (1.36x)             |
|                                     |              | PWERM(5)                                                | Revenue multiples          | N/A                           |
|                                     |              |                                                         | Liquidation value          | N/A                           |
| Options                             | $3,092,540   | Option pricing model                                    | Term to expiration (Years) | 0.76 - 7.80 (5.12)                |
|                                     |              |                                                         | Volatility                 | 34.3%-52.3% (36.4%)               |
|                                     |              | Discounted cash flow                                    | Discount Rate              | 12.0% (12.0%)                     |

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TABLE OF CONTENTS

|                                     |              |                                                         |                            |                                   |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|--------------|---------------------------------------------------------|----------------------------|-----------------------------------|--|--|--|--|--|--|--|--|--|--|
| Asset                               | Fair Value   | Valuation Approach/​ Technique(1) | Unobservable Inputs(2)     | Range (Weighted Average)(3) |
| Common stock inprivate companies    | $59,209,559  | Market approach                                         | AFFO(4) multiple           | 16.67x - 37.32 (25.09x)           |
|                                     |              |                                                         | Revenue multiples          | 1.45x - 3.23x (2.86x)             |
|                                     |              |                                                         | Liquidation value          | N/A                           |
|                                     |              | Discounted cash flow                                    | Discount rate              | 12.0% (12.0%)                     |
|                                     |              |                                                         |                            |                                   |
| Preferred stock inprivate companies | $125,448,358 | Market approach                                         | Revenue multiples          | 1.89x - 5.43x (3.77x)             |
|                                     |              |                                                         | Precedenttransactions      | N/A                           |
|                                     |              | Discounted cash flow                                    | Discount rate              | 12.0% (12.0%)                     |
|                                     |              |                                                         |                            |                                   |
|                                     |              | PWERM(5)                                                | Revenue multiples          | 1.23x - 2.05x (1.83x)             |
|                                     |              |                                                         | Precedent transactions     | 2.97x - 3.23x (3.10x)             |
| Debt investments                    | $1,644,155   | Market approach                                         | Revenue multiples          | 1.45x - 1.57x (1.51x)             |
|                                     |              | PWERM(5)                                                | Revenue multiples          | N/A                           |
|                                     |              |                                                         | Liquidation value          | N/A                           |
| Options                             | $5,283,506   | Option pricing model                                    | Term to expiration (Years) | 0.13 - 8.30 (5.35)                |
|                                     |              |                                                         | Volatility                 | 30.0%-48.0% (36.0%)               |
|                                     |              | Discounted cash flow                                    | Discount Rate              | 12.0% (12.0%)                     |

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TABLE OF CONTENTS

|                                                                                                                 |                                |                  |                |                 |                 |                   |                 |        |       |                 |        |  |                  |                 |        |  |   |                   |        |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------|--------------------------------|------------------|----------------|-----------------|-----------------|-------------------|-----------------|--------|-------|-----------------|--------|--|------------------|-----------------|--------|--|---|-------------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                 | Six Months Ended June 30, 2020 |                  |                |                 |                 |                   |                 |        |       |
|                                                                                                                 | CommonStock                    |                  | PreferredStock |                 | DebtInvestments |                   | Options         |        | Total |
| Assets:                                                                                                     |                                |                  |                |                 |                 |                   |                 |        |       |
| Fair Value as of December 31, 2019                                                                              | $                              | 59,209,559  |           |                 | $               | 125,448,358  |            |        | $     | 1,644,155  |   |  | $                | 5,283,506  |   |  | $ | 191,585,578  |   |
|                                                                                                                 |                                |                  |                |                 |                 |                   |                 |        |       |
| Purchases, capitalized fees, and interest                                                                       | (3,912)                        |             |                | 5,152,663  |            |                   | 7,406,768  |   |       | —    |   |  | 12,555,519  |            |
| Sales/Maturity of investments                                                                               | —                   |             |                | (10,876,621)    |            |                   | —    |   |       | —    |   |  | (10,876,621)     |            |
| Exercises and conversions(1)                                                                                    | —                   |             |                | 281,190    |            |                   | (281,190)       |   |       | —    |   |  | —     |            |
|                                                                                                                 |                                |                  |                |                 |                 |                   |                 |        |       |
| Realized gains                                                                                                  | —                   |             |                | 6,875,639  |            |                   | —    |   |       | —    |   |  | 6,875,639   |            |
| Net change in unrealized appreciation/​(depreciation) included in earnings                            | (4,312,332)                    |             |                | 5,908,007  |            |                   | (545,506)       |   |       | (2,190,966)     |   |  | (1,140,797)      |            |
| Fair Value as of June 30, 2020                                                                                  | $                              | 54,893,315  |           |                 | $               | 132,789,236  |            |        | $     | 8,224,227  |   |  | $                | 3,092,540  |   |  | $ | 198,999,318  |   |
| Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held as of June 30, 2020 | $                              | (4,312,332)      |           |                 | $               | 12,783,646   |            |        | $     | (545,506)       |   |  | $                | (2,190,966)     |   |  | $ | 5,734,842    |   |

|                                                  |  |                             |  |                                     |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|-----------------------------|--|-------------------------------------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                |  | Conversion from             |  | Conversion to                       |
|                                                  |  |                             |  |                                     |
| Neutron Holdings, Inc. (d/b/a/ Lime) |  | Preferred shares, Series D  |  | Junior Preferred shares, Series 1-D |
| Aspiration Partners, Inc.                        |  | Convertible Promissory Note |  | Preferred shares, Series C-3        |
|                                                  |  |                             |  |                                     |

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TABLE OF CONTENTS

|                                                                                                                     |                              |                  |                |                  |                 |                   |               |        |         |                 |              |        |                  |                 |        |  |   |                   |        |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------|------------------------------|------------------|----------------|------------------|-----------------|-------------------|---------------|--------|---------|-----------------|--------------|--------|------------------|-----------------|--------|--|---|-------------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                     | Year Ended December 31, 2019 |                  |                |                  |                 |                   |               |        |         |
|                                                                                                                     | CommonStock                  |                  | PreferredStock |                  | DebtInvestments |                   | Options       |        | Total   |
| Assets:                                                                                                         |                              |                  |                |                  |                 |                   |               |        |         |
| Fair Value as of December 31, 2018                                                                                  | $                            | 48,517,824  |           |                  | $               | 99,856,159   |          |        | $       | 5,584,994  |         |        | $                | 267,446    |   |  | $ | 154,226,423  |   |
| Transfers out of Level 3(1)                                                                                    | —                 |             |                | (21,947,688)     |            |                   | —       |        | — |                 | (21,947,688) |   |
| Purchases, capitalized fees, and interest                                                                           | 15,001,530              |             |                | 10,576,421  |            |                   | 359,095  |   |         | 16,618     |         |        | 25,953,664  |            |
| Sales/Maturity of investments                                                                                   | —                 |             |                | —     |            |                   | (51,511)      |   |         | —    |         |        | (51,511)         |            |
| Exercises and conversions(1)                                                                                        | (1,000)                      |             |                | (6,435,123)      |            |                   | (2,102,384)   |   |         | 8,538,507  |         |        | —     |            |
| Amortization of fixed income security premiums and discounts                                                        | —                 |             |                | —     |            |                   | 5,065    |   |         | —    |         |        | 5,065       |            |
| Realized losses                                                                                                     | —                 |             |                | (16,002,159)     |            |                   | (2,527,865)   |   |         | —    |         |        | (18,530,024)     |            |
| Net change in unrealized appreciation/​(depreciation) included in earnings                                | (4,308,795)                  |             |                | 59,400,748  |            |                   | 376,761  |   |         | (3,539,065)     |         |        | 51,929,649  |            |
| Fair Value as of December 31, 2019                                                                                  | $                            | 59,209,559  |           |                  | $               | 125,448,358  |          |        | $       | 1,644,155  |         |        | $                | 5,283,506  |   |  | $ | 191,585,578  |   |
| Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held as of December 31, 2019 | $                            | (4,309,794)      |           |                  | $               | 38,560,931   |          |        | $       | (907,009)       |         |        | $                | (3,539,066)     |   |  | $ | 29,805,062   |   |

|                                             |  |                                                                                                                               |  |                                |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|-------------------------------------------------------------------------------------------------------------------------------|--|--------------------------------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                           |  | Conversion from                                                                                                               |  | Conversion to                  |
| Lyft, Inc.                                  |  | Preferred shares, Series DPreferred shares, Series E                                                                          |  | Public Common Shares (Level 2) |
| Ozy Media, Inc.                             |  | Convertible Promissory Note                                                                                                   |  | Preferred shares, Series C-2   |
| NestGSV, Inc (d/b/a GSV Labs, Inc.) |  | Common sharesPreferred shares, Series A-1Preferred shares, Series A-2Preferred shares, Series A-3Preferred shares, Series A-4 |  | Derivative Security            |

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TABLE OF CONTENTS

|                                                                                                                   |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |               |               |               |        |               |               |               |            |               |               |               |               |               |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------------------|--|------------------------|-----------------|-----------------------------------------------|---------------|---------------------------------|---------------|--------|-----------------|---------------|-----------------------------------------------------|--------|---------------|--------|----------------------------|---------------|------------------------------|---------------|-----------------------------|---------------|------------------------|---------------|---------------|---------------|--------|---------------|---------------|---------------|------------|---------------|---------------|---------------|---------------|---------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                            |  | Principal/Quantity |                 | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2019 |               |        |                 |               | Purchases,Capitalized Fees,Interest andAmortization |        |               |        | RealizedGains/(Losses) |               | UnrealizedGains/(Losses) |               | Fair Value at June 30, 2020 |               | Percentageof NetAssets |
| CONTROLLED INVESTMENTS*(2)                                                                                        |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| Preferred Stock                                                                                                   |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| Clean Technology                                                                                                  |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Preferred shares, Class A***(4)          |  | 14,300,000        |            |                                               | $             | 200,000                    |          |        | $               | 775,198  |                                                |        |               |        |                            | $             | —                 |          |                             |               |                        | $             | —  |          |        | $             | 85,000   |          |            | $             | 860,198  |          |               | 0.45     | %          |
| Total Preferred Stock                                                                                             |  |                        |                 | $                                             | 200,000  |                            |               | $      | 775,198    |          |                                                     |        |               |        | $                          | —  |                         |               |                             |               | $                      | —  |          |               | $      | 85,000   |          |               | $          | 860,198  |          |               | 0.45     | %             |
| Common Stock                                                                                                      |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| Clean Technology                                                                                                  |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Common shares                                 |  | 100,000           |            |                                               | $             | —                    |          |        | $               | —  |                                                |        |               |        |                            | $             | —                 |          |                             |               |                        | $             | —  |          |        | $             | —  |          |            | $             | —  |          |               | —  | %          |
| Total Common Stock                                                                                                |  |                        |                 | $                                             | —  |                            |               | $      | —    |          |                                                     |        |               |        | $                          | —  |                         |               |                             |               | $                      | —  |          |               | $      | —  |          |               | $          | —  |          |               | —  | %             |
| TOTAL CONTROLLED INVESTMENTS*(2)                                                                                  |  |                        |                 | $                                             | 200,000  |                            |               | $      | 775,198    |          |                                                     |        |               |        | $                          | —  |                         |               |                             |               | $                      | —  |          |               | $      | 85,000   |          |               | $          | 860,198  |          |               | 0.45     | %             |
| NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                                      |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| Debt Investments                                                                                                  |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| Corporate Education                                                                                               |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| CUX, Inc. (d/b/a CorpU)–Senior Subordinated Convertible Promissory Note 4% Due 2/14/2023(3) |  | $                      | 1,251,158  |                                          |               | $                               | —  |   |                 | $             | 312,789                                        |   |               |        |                            |               | $                            | —  |                        |               |                        |               | $             | —  |   |               | $             | —  |       |               | $             | 312,789  |          |               | 0.16  | % |
| Global Innovation Platform                                                                                        |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.) –Convertible Promissory Note 8% Due 8/23/2024(3)(6)    |  | $                      | 1,010,198  |                                          |               | (29,184)                        |          |        | 1,010,198  |          |                                                     |        |               |        | —               |          |                              |               |                             | —  |                   |               | (505,099)     |          |        | 505,099  |          |               | 0.26  | %             |
| Total Debt Investments                                                                                            |  |                        |                 | $                                             | (29,184)      |                            |               | $      | 1,322,987  |          |                                                     |        |               |        | $                          | —  |                         |               |                             |               | $                      | —  |          |               | $      | (505,099)     |          |               | $          | 817,888  |          |               | 0.42     | %             |
| Preferred Stock                                                                                                   |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| Corporate Education                                                                                               |  |                        |                 |                                               |               |                                 |               |        |                 |               |                                                     |        |               |        |                            |               |                              |               |                             |               |                        |
| CUX, Inc. (d/b/a CorpU)–Convertible preferred shares, Series D 6%                              |  | 169,033           |            |                                               | $             | —                    |          |        | $               | 34,980   |                                                |        |               |        |                            | $             | —                 |          |                             |               |                        | $             | —  |          |        | $             | 57,694   |          |            | $             | 92,674   |          |               | 0.05     | %          |
| CUX, Inc. (d/b/a CorpU) -Convertible preferred shares, Series C 8%                                   |  | 615,763           |            |                                               | 0             |                                 | —  |   |                 |               |                                                     |        | —  |   |                            |               |                              | 0             |                             | —  |                   |               | —  |          |        | —  | %             |
| Total Corporate Education                                                                                         |  |                        |                 | —                                  |          |                                 | 34,980   |   |                 |               |                                                     |        | —  |   |                            |               |                              | —  |                        |               | 57,694            |          |               | 92,674   |   |               | 0.05     | %             |

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TABLE OF CONTENTS

|                                                                                                                                             |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |                 |        |                  |                 |             |               |                 |        |                  |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------|--|------------------------|--------|-----------------------------------------------|---------------|---------------------------------|------------------|-----------------|------------------|--------|-----------------------------------------------------|--|---------------|---------------|----------------------------|---------------|------------------------------|---------------|-----------------------------|--------|------------------------|-----------------|--------|------------------|-----------------|-------------|---------------|-----------------|--------|------------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                                                      |  | Principal/Quantity |        | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2019 |                  |                 |                  |        | Purchases,Capitalized Fees,Interest andAmortization |  |               |               | RealizedGains/(Losses) |               | UnrealizedGains/(Losses) |               | Fair Value at June 30, 2020 |        | Percentageof NetAssets |
| Knowledge Networks                                                                                                                          |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| Maven Research, Inc.–Preferred shares, Series C                                                                                  |  | 318,979           |   |                                               | 0             |                                 | —     |            |                  |        |                                                     |  | 0             |               |                            |               | 0                            |               | —                |   |                        | —    |   |                  | —    | %           |
| Maven Research, Inc.–Preferred shares, Series B                                                                                  |  | 49,505            |   |                                               | 0             |                                 | —     |            |                  |        |                                                     |  | 0             |               |                            |               | 0                            |               | —                |   |                        | —    |   |                  | —    | %           |
| Total Knowledge Networks                                                                                                                    |  |                        |        | —                                  |          |                                 | —     |            |                  |        |                                                     |  | —  |          |                            |               |                              | —  |                        |        | —           |            |        | —     |            |             | —  | %               |
| Digital Media Platform                                                                                                                      |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| OzyMedia, Inc.–Preferred shares, Series C-2 6%                                                                                   |  | 683,482           |   |                                               | —  |                            |                  | 2,970,252  |             |        |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (855,661)       |   |                  | 2,114,591  |        |               | 1.10       | %      |
| OzyMedia, Inc.–Preferred shares, Series B 6%                                                                                     |  | 922,509           |   |                                               | $             | —                    |             |                 | 5,001,420   |   |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —    |   |                  | (1,650,468)     |        |               | 3,350,952  |   |                  | 1.74  | % |
| OzyMedia, Inc.–Preferred shares, Series A 6%                                                                                     |  | 1,090,909         |   |                                               | 0             |                                 | 4,528,107   |            |                  |        |                                                     |  | 0             |               |                            |               | 0                            |               | (1,152,998)                 |   |                        | 3,375,109  |   |                  | 1.75       | %           |
| OzyMedia, Inc.–Preferred shares, Series Seed 6%                                                                                  |  | 500,000           |   |                                               | 0             |                                 | 2,002,143   |            |                  |        |                                                     |  | 0             |               |                            |               | 0                            |               | (455,218)                   |   |                        | 1,546,925  |   |                  | 0.80       | %           |
| Total Digital Media Platform                                                                                                                |  |                        |        | —                                  |          |                                 | 14,501,922  |            |                  |        |                                                     |  | —  |          |                            |               |                              | —  |                        |        | (4,114,345)            |            |        | 10,387,577  |            |             | 5.39     | %               |
| Interactive Learning                                                                                                                        |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| StormWind, LLC–Preferred shares, Series D 8%(5)                                                                                  |  | 329,337           |   |                                               | $             | —                    |             |                 | 503,120     |   |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —    |   |                  | (46,765)        |        |               | 456,355    |   |                  | 0.24  | % |
| StormWind, LLC–Preferred shares, Series C 8%(5)                                                                                  |  | 2,779,134         |   |                                               | $             | —                    |             |                 | 5,391,000   |   |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —    |   |                  | (438,320)       |        |               | 4,952,680  |   |                  | 2.57  | % |
| StormWind, LLC–Preferred shares, Series B 8%(5)                                                                                  |  | 3,279,629         |   |                                               | 0             |                                 | 3,248,804   |            |                  |        |                                                     |  | 0             |               |                            |               | 0                            |               | (465,703)                   |   |                        | 2,783,101  |   |                  | 1.44       | %           |
| StormWind, LLC–Preferred shares, Series A 8%(5)                                                                                  |  | 366,666           |   |                                               | 0             |                                 | 157,949     |            |                  |        |                                                     |  | 0             |               |                            |               | 0                            |               | (52,066)                    |   |                        | 105,883    |   |                  | 0.05       | %           |
| Total Interactive Learning                                                                                                                  |  |                        |        | —                                  |          |                                 | 9,300,873   |            |                  |        |                                                     |  | —  |          |                            |               |                              | —  |                        |        | (1,002,854)            |            |        | 8,298,019   |            |             | 4.31     | %               |
| Total Preferred Stock                                                                                                                       |  |                        |        | $                                             | —  |                            |                  | $               | 23,837,775  |   |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —    |   |                  | $               | (5,059,505) |          |                 | $      | 18,778,270  |       |   | 9.75  | % |
| Options                                                                                                                                     |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| Digital Media Platform                                                                                                                      |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| OzyMedia, Inc.–Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                                                  |  | 295,565           |   |                                               | —  |                            |                  | 1,182,260  |             |        |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (268,964)       |   |                  | 913,296    |        |               | 0.47       | %      |
| Global Innovation Platform                                                                                                                  |  |                        |        |                                               |               |                                 |                  |                 |                  |        |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series A-3, Strike Price $1.33, Expiration Date 4/4/2021  |  | 187,500           |   |                                               | —  |                            |                  | 20,625     |             |        |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (8,437)         |   |                  | 12,188     |        |               | 0.01       | %      |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series A-4, Strike Price $1.33, Expiration Date 10/6/2021 |  | 500,000           |   |                                               | —  |                            |                  | 135,000    |             |        |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (65,000)        |   |                  | 70,000     |        |               | 0.04       | %      |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series A-4, Strike Price $1.33, Expiration Date 7/18/2021 |  | 250,000           |   |                                               | —  |                            |                  | 62,500     |             |        |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (25,000)        |   |                  | 37,500     |        |               | 0.02       | %      |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 11/29/2021  |  | 100,000           |   |                                               | —  |                            |                  | —    |             |        |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | —    |   |                  | —    |        |               | —    | %      |

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TABLE OF CONTENTS

|                                                                                                                                            |  |                        |        |                                               |               |                                 |                 |                 |                  |               |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |               |               |                 |                 |             |               |               |   |                  |               |        |             |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------------|--|------------------------|--------|-----------------------------------------------|---------------|---------------------------------|-----------------|-----------------|------------------|---------------|-----------------------------------------------------|--|---------------|---------------|----------------------------|---------------|------------------------------|---------------|-----------------------------|--------|------------------------|---------------|---------------|-----------------|-----------------|-------------|---------------|---------------|---|------------------|---------------|--------|-------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                                                     |  | Principal/Quantity |        | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2019 |                 |                 |                  |               | Purchases,Capitalized Fees,Interest andAmortization |  |               |               | RealizedGains/(Losses) |               | UnrealizedGains/(Losses) |               | Fair Value at June 30, 2020 |        | Percentageof NetAssets |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022  |  | 125,000           |   |                                               | —  |                            |                 | —    |             |               |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | —  |          |                 | —    |        |               | —  | % |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023 |  | 250,000           |   |                                               | —  |                            |                 | 2,500      |             |               |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | 3,625    |          |                 | 6,125      |        |               | 0.00     | % |
| Derivative Security, Expiration Date 8/23/2024(6)                                                                                  |  | 1                 |   |                                               | —  |                            |                 | 3,880,621  |             |               |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (1,827,190)   |          |                 | 2,053,431  |        |               | 1.07     | % |
| Total Global Innovation Platform                                                                                                           |  |                        |        | —                                  |          |                                 | 4,101,246  |            |                  |               |                                                     |  | —  |          |                            |               |                              | —  |                        |        | (1,922,002)            |          |               | 2,179,244  |            |             | 1.13     | %             |
| Total Options                                                                                                                              |  |                        |        | $                                             | —  |                            |                 | $               | 5,283,506   |          |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —  |          |                 | $               | (2,190,966) |          |               | $ | 3,092,540   |          |        | 1.60   | %             |
| Common Stock                                                                                                                               |  |                        |        |                                               |               |                                 |                 |                 |                  |               |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| Online Education                                                                                                                           |  |                        |        |                                               |               |                                 |                 |                 |                  |               |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| Curious.com, Inc.–Common shares                                                                                                      |  | 1,135,944         |   |                                               | $             | —                    |            |                 | $                | —  |                                                |  |               |               |                            | $             | —                 |          |                             |        |                        | $             | —  |            |                 | $           | —  |          |   | $                | —  |   |             | —  | % |
| Cannabis REIT                                                                                                                              |  |                        |        |                                               |               |                                 |                 |                 |                  |               |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| GreenAcreage Real Estate Corp. -Common shares***(7)                                                                                        |  | 375,000           |   |                                               | 56,250   |                            |                 | 7,500,000  |             |               |                                                     |  |               | —  |                       |               |                              |               | —                |   |                        | (750,000)     |          |                 | 6,750,000  |        |               | 3.50     | % |
|                                                                                                                                            |  |                        |        |                                               |               |                                 |                 |                 |                  |               |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
|                                                                                                                                            |  |                        |        |                                               |               |                                 |                 |                 |                  |               |                                                     |  |               |               |                            |               |                              |               |                             |        |                        |
| Total Common Stock                                                                                                                         |  |                        |        | $                                             | 56,250   |                            |                 | $               | 7,500,000   |          |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —  |          |                 | $               | (750,000)   |          |               | $ | 6,750,000   |          |        | 3.50   | %             |
| TOTAL NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                                                         |  |                        |        | $                                             | 27,066   |                            |                 | $               | 37,944,268  |          |                                                     |  |               |               | $                          | —  |                         |               |                             |        | $                      | —  |          |                 | $               | (8,505,570) |          |               | $ | 29,438,698  |          |        | 15.28  | %             |

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TABLE OF CONTENTS

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TABLE OF CONTENTS

|                                                                                                          |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |                 |               |               |               |               |   |                 |               |        |   |               |               |        |               |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------|--|------------------------|--------|-----------------------------------------------|---------------|--------------------------------|-----------------|--------|------------------|---------------|-----------------------------------------------------|--------|---------|---------------|----------------------------|--------|------------------------------|---------------|---------------------------------|---------------|------------------------|-----------------|---------------|---------------|---------------|---------------|---|-----------------|---------------|--------|---|---------------|---------------|--------|---------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                   |  | Principal/Quantity |        | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31,2018 |                 |        | Corporate Action |               | Purchases,Capitalized Fees,Interest andAmortization |        |         |               | RealizedGains/(Losses) |        | UnrealizedGains/(Losses) |               | Fair Value at December 31, 2019 |               | Percentageof NetAssets |
| CONTROLLED INVESTMENTS*(2)                                                                               |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| Preferred Stock                                                                                          |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| Clean Technology                                                                                         |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Preferred shares, Class A***(3) |  | 14,300,000        |   |                                               | $             | 400,000                   |            |        | $                | 750,198  |                                                |        |         | $             | —               |   |                              | $             | —                    |          |                        |                 |               | $             | —  |          |   | $               | 25,000   |   |   | $             | 775,198  |   |               | 0.39     | % |
| Global Innovation Platform                                                                               |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-4 (7)                   |  | —           |   |                                               | —       |                                | 4,960,553  |   |                  |               | (4,904,498)                                         |   |         | —       |                            |        |                              | —       |                                 | (56,055)      |                   |                 | —  |          |               | —  | % |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-3 (7)                   |  | —           |   |                                               | —       |                                | 1,735,134  |   |                  |               | (2,005,730)                                         |   |         | —       |                            |        |                              | —       |                                 | 270,596  |                   |                 | —  |          |               | —  | % |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-2 (7)                   |  | —           |   |                                               | —       |                                | 300,000    |   |                  |               | (605,500)                                           |   |         | —       |                            |        |                              | —       |                                 | 305,500  |                   |                 | —  |          |               | —  | % |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-1 (7)                   |  | —           |   |                                               | —       |                                | 499,999    |   |                  |               | (1,021,778)                                         |   |         | —       |                            |        |                              | —       |                                 | 521,779  |                   |                 | —  |          |               | —  | % |
| Total Global Innovation Platform                                                                         |  |                        |        | —                                  |          |                                | 7,495,686  |   |                  |               | (8,537,506)                                         |   |         | —  |                       |        |                              |               | —                    |          |                        | 1,041,820  |          |               | —  |          |   | —    | %             |
| Total Preferred Stock                                                                                    |  |                        |        | $                                             | 400,000  |                           |                 | $      | 8,245,884   |          |                                                     |        | $       | (8,537,506)   |                       |        | $                            | —  |                            |               |                        |                 | $             | —  |          |               | $ | 1,066,820  |          |        | $ | 775,198  |          |        | 0.39     | %             |
| Common Stock                                                                                             |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| Clean Technology                                                                                         |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Common shares                        |  | 100,000           |   |                                               | $             | —                   |            |        | $                | —  |                                                |        |         | $             | —               |   |                              | $             | —                    |          |                        |                 |               | $             | —  |          |   | $               | —  |   |   | $             | —  |   |               | —  | % |
| Global Innovation Platform                                                                               |  |                        |        |                                               |               |                                |                 |        |                  |               |                                                     |        |         |               |                            |        |                              |               |                                 |               |                        |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Common shares (7)                                     |  | —           |   |                                               | —       |                                | —         |        |                  | (1,000)       |                                                |        | — |               |                            |        | —                      |               | 1,000                      |          |                        | —    |          |               | —  | %             |
| Total Common Stock                                                                                       |  |                        |        | $                                             | —  |                           |                 | $      | —     |          |                                                     |        | $       | (1,000)       |                       |        | $                            | —  |                            |               |                        |                 | $             | —  |          |               | $ | 1,000      |          |        | $ | —  |          |        | —  | %             |
| TOTAL CONTROLLED INVESTMENTS*(2)                                                                         |  |                        |        | $                                             | 400,000  |                           |                 | $      | 8,245,884   |          |                                                     |        | $       | (8,538,506)   |                       |        | $                            | —  |                            |               |                        |                 | $             | —  |          |               | $ | 1,067,820  |          |        | $ | 775,198  |          |        | 0.39     | %             |

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TABLE OF CONTENTS

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|----------------------------------------------------------------------------------------------------------------------|--|------------------------|-----------------|-----------------------------------------------|---------------|--------------------------------|---------------|---------------|------------------|---------------|-----------------------------------------------------|---------------|---------------|---------------|----------------------------|---------------|------------------------------|--------------|---------------------------------|-------------|------------------------|-----------|-----------------|-----------------|-----------------|---------------|-----------------|---------------|---------------|---------------|--------|-----------------|--------------|---------------|------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                               |  | Principal/Quantity |                 | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31,2018 |               |               | Corporate Action |               | Purchases,Capitalized Fees,Interest andAmortization |               |               |               | RealizedGains/(Losses) |               | UnrealizedGains/(Losses) |              | Fair Value at December 31, 2019 |             | Percentageof NetAssets |
| NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                                         |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| Debt Investments                                                                                                     |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| Corporate Education                                                                                                  |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| CUX, Inc. (d/b/a CorpU)–Senior Subordinated Convertible Promissory Note 4% Due 2/14/2023(5)    |  | $                      | 1,251,158  |                                          |               | $                              | (13,142)      |          |                  | $             | 1,360,489                                      |          |               |               | $                          | —  |                         |              | $                               | 3,553  |                   |           |                 |                 | $               | (109,331)     |            |               | $             | (941,922)     |   |                 | $            | 312,789  |       |            | 0.16  | % |
| Digital Media Platform                                                                                               |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| Ozy Media, Inc.–Convertible Promissory Note 5% Due 12/31/2018***(6)                                    |  | $                      | —    |                                          |               | 72,864                    |          |               | 3,153,575   |          |                                                     |               | (2,102,384)   |          |                            | —  |                         |              |                                 |             | —                |           | (1,051,191)     |            |                 | —  |            |               | —  | %             |
| Social Cognitive Learning                                                                                            |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| Declara, Inc.–Convertible Promissory Note 12% Due 4/30/2018                                            |  | $                      | —    |                                          |               | —                   |          |               | —     |          |                                                     |               | —  |          |                            | 680      |                         |              |                                 |             | (2,334,832)            |      |                 | 2,334,152  |            |               | —    |          |               | —  | %      |
| Global Innovation Platform                                                                                           |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
|  NestGSV, Inc. (d/b/a GSV Labs, Inc.) –Convertible Promissory Note 8% Due 8/23/2024***(7) |  | $                      | 1,010,198  |                                          |               | 107,611                   |          |               | 936,525     |          |                                                     |               | —  |          |                            | 78,739   |                         |              |                                 |             | —           |      |                 | (5,066)         |            |               | 1,010,198  |          |               | 0.50     | %      |
| Total Global Innovation Platform                                                                                     |  |                        |                 | 107,611                                  |          |                                | 936,525  |          |                  |               | —                                        |          |               | 78,739   |                       |               |                              |              | —                    |        |                        | (5,066)   |            |                 | 1,010,198  |          |                 | 0.50     | %             |
| Total Debt Investments                                                                                               |  |                        |                 | $                                             | 167,333  |                           |               | $             | 5,450,589   |          |                                                     |               | $             | (2,102,384)   |                       |               | $                            | 82,972  |                            |             |                        |           | $               | (2,444,163)     |            |               | $               | 335,973  |          |               | $      | 1,322,987  |         |               | 0.66  | %          |
| Preferred Stock                                                                                                      |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| Corporate Education                                                                                                  |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| CUX, Inc. (d/b/a CorpU)–Convertible preferred shares, Series D 6%                                 |  | 169,033           |            |                                               | $             | —                   |          |               | $                | 878,005  |                                                |               |               | $             | —               |          |                              | $            | —                    |        |                        |           |                 | $               | —    |          |                 | $             | (843,025)     |          |        | $               | 34,980  |          |            | 0.02  | %          |
| CUX, Inc. (d/b/a CorpU) -Convertible preferred shares, Series C 8%                                      |  | 615,763           |            |                                               | —       |                                | —  |          |                  |               | —                                        |          |               | —  |                       |               |                              |              | —                         |             | —           |      |                 | —    |            |               | —    | %             |
| Total Corporate Education                                                                                            |  |                        |                 | —                                  |          |                                | 878,005  |          |                  |               | —                                        |          |               | —  |                       |               |                              |              | —                    |        |                        | (843,025) |            |                 | 34,980     |          |                 | 0.02     | %             |
| Social Cognitive Learning                                                                                            |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| Declara, Inc.–Preferred shares, Series A 8%                                                               |  | —           |            |                                               | —  |                           |               | —  |             |               |                                                     | —  |          |               | —               |          |                              |              |                                 | (9,999,999) |                   |           | 9,999,999  |            |                 | —  |            |               | —  | %             |
| Education Media Platform                                                                                             |  |                        |                 |                                               |               |                                |               |               |                  |               |                                                     |               |               |               |                            |               |                              |              |                                 |             |                        |
| EdSurge, Inc.–Preferred shares, Series A-1                                                                |  | —           |            |                                               | —       |                                | 250,000  |          |                  |               | —                                        |          |               | —       |                            |               |                              | (501,360)    |                            |             | 251,360           |      |                 | —    |            |               | —    | %             |

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TABLE OF CONTENTS

|                                                                                        |  |                        |        |                                               |               |                                |                 |               |                  |        |                                                     |                 |               |               |                            |        |                              |           |                                 |                 |                        |                  |                 |               |                  |                 |               |               |               |        |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------|--|------------------------|--------|-----------------------------------------------|---------------|--------------------------------|-----------------|---------------|------------------|--------|-----------------------------------------------------|-----------------|---------------|---------------|----------------------------|--------|------------------------------|-----------|---------------------------------|-----------------|------------------------|------------------|-----------------|---------------|------------------|-----------------|---------------|---------------|---------------|--------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                 |  | Principal/Quantity |        | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31,2018 |                 |               | Corporate Action |        | Purchases,Capitalized Fees,Interest andAmortization |                 |               |               | RealizedGains/(Losses) |        | UnrealizedGains/(Losses) |           | Fair Value at December 31, 2019 |                 | Percentageof NetAssets |
| EdSurge, Inc.–Preferred shares, Series A                                    |  | —           |   |                                               | —       |                                | 269,848    |          |                  |        | —                                        |            |               | —       |                            |        |                              | (500,801) |                            |                 | 230,953           |             |                 | —  |             |                 | —  | %             |
| Total Education Media Platform                                                         |  |                        |        | —                                  |          |                                | 519,848    |          |                  |        | —                                        |            |               | —  |                       |        |                              |           | (1,002,161)                     |            |                        | 482,313     |            |               | —     |            |               | —  | %             |
| Knowledge Networks                                                                     |  |                        |        |                                               |               |                                |                 |               |                  |        |                                                     |                 |               |               |                            |        |                              |           |                                 |                 |                        |
| Maven Research, Inc.–Preferred shares, Series C                             |  | 318,979           |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | —    |                   |                  | —    |          |                  | —    | %             |
| Maven Research, Inc.–Preferred shares, Series B                             |  | 49,505            |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | —    |                   |                  | —    |          |                  | —    | %             |
| Total Knowledge Networks                                                               |  |                        |        | —                                  |          |                                | —    |          |                  |        | —                                        |            |               | —  |                       |        |                              |           | —                    |            |                        | —     |            |               | —     |            |               | —  | %             |
| Digital Media Platform                                                                 |  |                        |        |                                               |               |                                |                 |               |                  |        |                                                     |                 |               |               |                            |        |                              |           |                                 |                 |                        |
| OzyMedia, Inc.–Preferred shares, Series C-2 6% (6)                          |  | 683,482           |   |                                               | —  |                           |                 | —  |             |        |                                                     | 2,102,384  |          |               | 311,794               |   |                              |           |                                 | —    |                   |                  | 556,074    |          |                  | 2,970,252  |          |               | 1.49     | %      |
| OzyMedia, Inc.–Preferred shares, Series B 6%                                |  | 922,509           |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | 5,001,420  |                   |                  | 5,001,420  |          |                  | 2.50       | %             |
| OzyMedia, Inc.–Preferred shares, Series A 6%                                |  | 1,090,909         |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | 4,528,107  |                   |                  | 4,528,107  |          |                  | 2.26       | %             |
| OzyMedia, Inc.–Preferred shares, Series Seed 6%                             |  | 500,000           |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | 2,002,143  |                   |                  | 2,002,143  |          |                  | 1.00       | %             |
| Total Digital Media Platform                                                           |  |                        |        | —                                  |          |                                | —    |          |                  |        | 2,102,384                                      |            |               | 311,794  |                       |        |                              |           | —                    |            |                        | 12,087,744  |            |               | 14,501,922  |            |               | 7.25     | %             |
| Global Innovation Platform                                                             |  |                        |        |                                               |               |                                |                 |               |                  |        |                                                     |                 |               |               |                            |        |                              |           |                                 |                 |                        |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-4 (7) |  | —           |   |                                               | —  |                           |                 | —  |             |        |                                                     | —    |          |               | —               |   |                              |           |                                 | —    |                   |                  | —    |          |                  | —    |          |               | —  | %      |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-3 (7) |  | —           |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | —    |                   |                  | —    |          |                  | —    | %             |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-2 (7) |  | —           |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | —    |                   |                  | —    |          |                  | —    | %             |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred stock Series A-1 (7) |  | —           |   |                                               | —       |                                | —    |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | —    |                   |                  | —    |          |                  | —    | %             |
| Total Global Innovation Platform                                                       |  |                        |        | —                                  |          |                                | —    |          |                  |        | —                                        |            |               | —  |                       |        |                              |           | —                    |            |                        | —     |            |               | —     |            |               | —  | %             |
| Interactive Learning                                                                   |  |                        |        |                                               |               |                                |                 |               |                  |        |                                                     |                 |               |               |                            |        |                              |           |                                 |                 |                        |
| StormWind, LLC–Preferred shares, Series D 8%(4)(8)                          |  | 329,337           |   |                                               | $             | —                   |            |               | —     |   |                                                     |                 | —  |          |                            | $      | 257,267                 |      |                                 |                 |                        | $                | —    |          |                  | 245,853    |          |               | 503,120  |   |  | 0.25  | % |
| StormWind, LLC–Preferred shares, Series C 8%(4)                             |  | 2,779,134         |   |                                               | —       |                                | 7,194,971  |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | (1,803,971)     |                   |                  | 5,391,000  |          |                  | 2.70       | %             |
| StormWind, LLC–Preferred shares, Series B 8%(4)                             |  | 3,279,629         |   |                                               | —       |                                | 5,770,328  |          |                  |        | —                                        |            |               | —       |                            |        |                              | —   |                                 | (2,521,524)     |                   |                  | 3,248,804  |          |                  | 1.62       | %             |

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TABLE OF CONTENTS

|                                                                                                                                                |  |                        |        |                                               |               |                                |                  |               |                  |              |                                                     |               |        |                 |                            |        |                              |               |                                 |               |                        |             |                 |                 |                 |                 |            |                  |            |        |   |                  |               |        |             |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------|--|------------------------|--------|-----------------------------------------------|---------------|--------------------------------|------------------|---------------|------------------|--------------|-----------------------------------------------------|---------------|--------|-----------------|----------------------------|--------|------------------------------|---------------|---------------------------------|---------------|------------------------|-------------|-----------------|-----------------|-----------------|-----------------|------------|------------------|------------|--------|---|------------------|---------------|--------|-------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                                                         |  | Principal/Quantity |        | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31,2018 |                  |               | Corporate Action |              | Purchases,Capitalized Fees,Interest andAmortization |               |        |                 | RealizedGains/(Losses) |        | UnrealizedGains/(Losses) |               | Fair Value at December 31, 2019 |               | Percentageof NetAssets |
| StormWind, LLC–Preferred shares, Series A 8%(4)                                                                                     |  | 366,666           |   |                                               | —       |                                | 421,525     |          |                  |              | —                                        |          |        | —         |                            |        |                              | —       |                                 | (263,576)     |                   |             | 157,949    |            |                 | 0.08       | %          |
| Total Interactive Learning                                                                                                                     |  |                        |        | —                                  |          |                                | 13,386,824  |          |                  |              | —                                        |          |        | 257,267    |                       |        |                              |               | —                    |          |                        | (4,343,218) |            |                 | 9,300,873  |            |            | 4.65        | %          |
| Total Preferred Stock                                                                                                                          |  |                        |        | $                                             | —  |                           |                  | $             | 14,784,677  |         |                                                     |               | $      | 2,102,384  |                       |        | $                            | 569,061  |                            |               |                        |             | $               | (11,002,160)    |            |                 | $          | 17,383,813  |       |        | $ | 23,837,775  |          |        | 11.92  | %             |
| Options                                                                                                                                        |  |                        |        |                                               |               |                                |                  |               |                  |              |                                                     |               |        |                 |                            |        |                              |               |                                 |               |                        |
| Corporate Education                                                                                                                            |  |                        |        |                                               |               |                                |                  |               |                  |              |                                                     |               |        |                 |                            |        |                              |               |                                 |               |                        |
| CUX, Inc. (d/b/a CorpU) –Preferred warrants, Series D, Strike Price $4.59, Expiration Date 2/14/2020                |  | 16,903            |   |                                               | $             | —                   |             |               | $                | 19,946  |                                                |               |        | $               | —               |   |                              | $             | —                    |          |                        |             |                 | $               | —    |            |            | $                | (19,946)   |   |   | $                | —  |   |             | —  | % |
| Digital Media Platform                                                                                                                         |  |                        |        |                                               |               |                                |                  |               |                  |              |                                                     |               |        |                 |                            |        |                              |               |                                 |               |                        |
| OzyMedia, Inc.–Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                                                     |  | 295,565           |   |                                               | —  |                           |                  | —  |             |              |                                                     | —  |   |                 | —               |   |                              |               |                                 | —  |                   |             | 1,182,260  |            |                 | 1,182,260  |       |                  | 0.59  | %      |
| Global Innovation Platform                                                                                                                     |  |                        |        |                                               |               |                                |                  |               |                  |              |                                                     |               |        |                 |                            |        |                              |               |                                 |               |                        |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series A-3, Strike Price $1.33, Expiration Date 4/4/2021(7)  |  | 187,500           |   |                                               | —  |                           |                  | 26,250   |             |              |                                                     | —  |   |                 | —               |   |                              |               |                                 | —  |                   |             | (5,625)         |            |                 | 20,625     |       |                  | 0.01  | %      |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series A-4, Strike Price $1.33, Expiration Date 10/6/2021(7) |  | 500,000           |   |                                               | —       |                                | 145,000     |          |                  |              | —                                        |          |        | —         |                            |        |                              | —       |                                 | (10,000)      |                   |             | 135,000    |            |                 | 0.07       | %          |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series A-4, Strike Price $1.33, Expiration Date 7/18/2021(7) |  | 250,000           |   |                                               | —       |                                | 70,000      |          |                  |              | —                                        |          |        | —         |                            |        |                              | —       |                                 | (7,500)       |                   |             | 62,500     |            |                 | 0.03       | %          |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 11/29/2021 (7) |  | 100,000           |   |                                               | —       |                                | 556         |          |                  |              | —                                        |          |        | —         |                            |        |                              | —       |                                 | (556)         |                   |             | —    |            |                 | —    | %          |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022(7)   |  | 125,000           |   |                                               | —       |                                | 694         |          |                  |              | —                                        |          |        | —         |                            |        |                              | —       |                                 | (694)         |                   |             | —    |            |                 | —    | %          |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023(7)  |  | 250,000           |   |                                               | —       |                                | 5,000       |          |                  |              | —                                        |          |        | —         |                            |        |                              | —       |                                 | (2,500)       |                   |             | 2,500      |            |                 | 0.00       | %          |
| Derivative Security, Expiration Date 8/23/2024(7)                                                                                      |  | 1                 |   |                                               | —       |                                | —     |          |                  |              | 8,538,506                                      |          |        | 16,618     |                       |        |                              |               | —                         |               | (4,674,503)            |        |                 | 3,880,621  |            |                 | 1.94  | %                |
| Total Global Innovation Platform                                                                                                               |  |                        |        | —                                  |          |                                | 247,500     |          |                  |              | 8,538,506                                      |          |        | 16,618     |                       |        |                              |               | —                    |          |                        | (4,701,378) |            |                 | 4,101,246  |            |            | 2.05        | %          |
| Total Options                                                                                                                                  |  |                        |        | $                                             | —  |                           |                  | $             | 267,446     |         |                                                     |               | $      | 8,538,506  |                       |        | $                            | 16,618   |                            |               |                        |             | $               | —    |            |                 | $          | (3,539,064)      |       |        | $ | 5,283,506   |          |        | 2.64   | %             |

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|                                                        |  |                        |        |                                               |               |                                |        |               |                  |               |                                                     |               |        |                 |                            |        |                              |                 |                                 |               |                        |  |         |               |               |                 |        |                  |               |        |   |                  |               |        |             |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|--|------------------------|--------|-----------------------------------------------|---------------|--------------------------------|--------|---------------|------------------|---------------|-----------------------------------------------------|---------------|--------|-----------------|----------------------------|--------|------------------------------|-----------------|---------------------------------|---------------|------------------------|--|---------|---------------|---------------|-----------------|--------|------------------|---------------|--------|---|------------------|---------------|--------|-------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment |  | Principal/Quantity |        | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31,2018 |        |               | Corporate Action |               | Purchases,Capitalized Fees,Interest andAmortization |               |        |                 | RealizedGains/(Losses) |        | UnrealizedGains/(Losses) |                 | Fair Value at December 31, 2019 |               | Percentageof NetAssets |
| Common Stock                                           |  |                        |        |                                               |               |                                |        |               |                  |               |                                                     |               |        |                 |                            |        |                              |                 |                                 |               |                        |
| Online Education                                       |  |                        |        |                                               |               |                                |        |               |                  |               |                                                     |               |        |                 |                            |        |                              |                 |                                 |               |                        |
| Curious.com, Inc.–Common shares                  |  | 1,135,944         |   |                                               | $             | —                   |   |               | $                | —  |                                                |               |        | $               | —               |   |                              | $               | —                    |          |                        |  |         | $             | —  |            |        | $                | —  |   |   | $                | —  |   |             | —  | % |
| Cannabis REIT                                          |  |                        |        |                                               |               |                                |        |               |                  |               |                                                     |               |        |                 |                            |        |                              |                 |                                 |               |                        |
|  GreenAcreage Real Estate Corp. -Common shares    |  | 375,000           |   |                                               | —  |                           |        | —  |             |               |                                                     | —  |   |                 | 7,501,530             |   |                              |                 |                                 | —  |                   |  | (1,530) |          |               | 7,500,000  |   |                  | 3.75     | %      |
|                                                        |  |                        |        |                                               |               |                                |        |               |                  |               |                                                     |               |        |                 |                            |        |                              |                 |                                 |               |                        |
|                                                        |  |                        |        |                                               |               |                                |        |               |                  |               |                                                     |               |        |                 |                            |        |                              |                 |                                 |               |                        |
| Total Common Stock                                     |  |                        |        | $                                             | —  |                           |        | $             | —     |          |                                                     |               | $      | —    |                       |        | $                            | 7,501,530  |                            |               |                        |  | $       | —  |          |                 | $      | (1,530)          |          |        | $ | 7,500,000   |          |        | 3.75   | %             |
| TOTAL NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)     |  |                        |        | $                                             | 167,333  |                           |        | $             | 20,502,712  |          |                                                     |               | $      | 8,538,506  |                       |        | $                            | 8,170,181  |                            |               |                        |  | $       | (13,446,323)  |          |                 | $      | 14,179,192  |          |        | $ | 37,944,268  |          |        | 18.98  | %             |

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|                                                                                        |                             |                  |        |                  |                           |           |                  |        |   |                  |        |  |   |                  |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------|-----------------------------|------------------|--------|------------------|---------------------------|-----------|------------------|--------|---|------------------|--------|--|---|------------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                        | Three Months Ended June 30, |                  |        |                  | Six Months Ended June 30, |           |                  |        |   |                  |        |  |   |
| Earnings per common share–basic:                                             | 2020                        |                  | 2019   |                  | 2020                      |           | 2019             |        |   |                  |        |  |   |
| Net change in net assets resulting from operations                                | $                           | 21,830,820  |   |                  | $                         | (675,605) |             |        | $ | (1,861,427)      |   |  | $ | 16,484,008  |   |  |  |  |  |  |  |
| Weighted-average common shares–basic                                             | 16,383,188             |             |        | 19,719,706  |                      |           | 16,912,091  |   |   | 19,741,058  |   |  |   |                  |        |  |  |
| Earnings per common share–basic                                                  | $                           | 1.33        |   |                  | $                         | (0.03)    |             |        | $ | (0.11)           |   |  | $ | 0.84        |   |  |  |  |  |  |  |
| Earnings per common share–diluted:                                           |                             |                  |        |                  |                           |           |                  |        |   |                  |        |  |   |
| Net change in net assets resulting from operations                                | $                           | 21,830,820  |   |                  | $                         | (675,605) |             |        | $ | (1,861,427)      |   |  | $ | 16,484,008  |   |  |  |  |  |  |  |
|                                                                                        |                             |                  |        |                  |                           |           |                  |        |   |                  |        |  |   |
| Adjustment for interest and amortization on 4.75% Convertible Senior Notes due 2023(1) | 569,011                |             |        | —     |                      |           | —     |   |   | 1,133,045   |   |  |   |                  |        |  |  |
| Net change in net assets resulting from operations, as adjusted                        | $                           | 22,399,831  |   |                  | $                         | (675,605) |             |        | $ | (1,861,427)      |   |  | $ | 17,617,053  |   |  |  |  |  |  |  |
|                                                                                        |                             |                  |        |                  |                           |           |                  |        |   |                  |        |  |   |
| Adjustment for dilutive effect of 4.75% Convertible Senior Notes due 2023(1)           | 3,917,792              |             |        | —     |                      |           | —     |   |   | 3,731,344   |   |  |   |                  |        |  |  |
| Weighted-average common shares outstanding–diluted                               | 20,300,980             |             |        | 19,719,706  |                      |           | 16,912,091  |   |   | 23,472,402  |   |  |   |                  |        |  |  |
| Earnings per common share–diluted                                                | $                           | 1.10        |   |                  | $                         | (0.03)    |             |        | $ | (0.11)           |   |  | $ | 0.75        |   |  |  |  |  |  |  |

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|                                  |               |               |        |  |  |
|----------------------------------|---------------|---------------|--------|--|--|
| For the Years Ended December 31, | Amount        |
|                                  |               |
| 2020                             | $             | 88,354   |   |
| 2021                             | 179,800  |          |
| 2022                             | 185,194  |          |
| 2023                             | 190,750  |          |
| 2024                             | 113,604  |          |
|                                  | $             | 757,702  |   |

|                                                                            |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------|--|-----------------------------|-------------------|--------|------------------|---------------------------|-------------------|------------------|--------|---|-------------------|--------|--|---|-------------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                            |  | Three Months Ended June 30, |                   |        |                  | Six Months Ended June 30, |                   |                  |        |   |                   |        |  |   |                   |        |  |
|                                                                            |  | 2020                        |                   | 2019   |                  | 2020                      |                   | 2019             |        |   |                   |        |  |   |                   |        |  |
| Per Basic Share Data                                                       |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
| Net asset value at beginning of the period                                 |  | $                           | 10.22        |   |                  | $                         | 10.75        |             |        | $ | 11.38        |   |  | $ | 9.89         |   |  |  |  |  |  |  |  |  |  |
| Net investment income/(loss)(1)                                        |  | (0.28)                      |              |        | (0.14)           |                      |                   | (0.45)           |   |   | (0.11)            |   |  |   |                   |        |  |  |  |  |  |
| Net realized gain/(loss) on investments(1)                             |  | —                |              |        | 0.69        |                      |                   | 0.41        |   |   | 0.48         |   |  |   |                   |        |  |  |  |  |  |
|                                                                            |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
|                                                                            |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
| Net change in unrealized appreciation/(depreciation) of investments(1) |  | 1.62                   |              |        | (0.63)           |                      |                   | (0.07)           |   |   | 0.42         |   |  |   |                   |        |  |  |  |  |  |
| Provision for taxes on unrealized appreciation of investments(1)           |  | —                |              |        | 0.05        |                      |                   | —     |   |   | 0.05         |   |  |   |                   |        |  |  |  |  |  |
|                                                                            |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
| Repurchases of common stock(1)                                             |  | 0.16                   |              |        | 0.03        |                      |                   | 0.45        |   |   | 0.02         |   |  |   |                   |        |  |  |  |  |  |
| Stock-based compensation(1)                                                |  | 0.12                   |              |        | —     |                      |                   | 0.12        |   |   | —      |   |  |   |                   |        |  |  |  |  |  |
| Net asset value at end of period                                           |  | $                           | 11.84        |   |                  | $                         | 10.75        |             |        | $ | 11.84        |   |  | $ | 10.75        |   |  |  |  |  |  |  |  |  |  |
| Per share market value at end of period                                    |  | $                           | 8.47         |   |                  | $                         | 6.40         |             |        | $ | 8.47         |   |  | $ | 6.40         |   |  |  |  |  |  |  |  |  |  |
| Total return based on market value(2)                                      |  | 44.54                  | %                 |        | (15.57)          | %                         |                   | 29.31       | %      |   | 22.61        | %      |  |   |                   |        |  |  |  |  |  |
| Total return based on net asset value(2)                                   |  | 15.85                  | %                 |        | —     | %                         |                   | 4.04        | %      |   | 8.70         | %      |  |   |                   |        |  |  |  |  |  |
| Shares outstanding at end of period                                        |  | 16,279,679             |              |        | 19,646,846  |                      |                   | 16,279,679  |   |   | 19,646,846   |   |  |   |                   |        |  |  |  |  |  |
| Ratios/Supplemental Data:                                          |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
| Net assets at end of period                                                |  | $                           | 192,692,441  |   |                  | $                         | 211,125,048  |             |        | $ | 192,692,441  |   |  | $ | 211,125,048  |   |  |  |  |  |  |  |  |  |  |
| Average net assets                                                         |  | $                           | 169,877,812  |   |                  | $                         | 211,244,233  |             |        | $ | 184,435,968  |   |  | $ | 203,070,126  |   |  |  |  |  |  |  |  |  |  |
| Ratio of gross operating expenses to average net assets(3)                 |  | 8.19                   | %                 |        | 5.14        | %                         |                   | 7.83        | %      |   | 4.66         | %      |  |   |                   |        |  |  |  |  |  |
|                                                                            |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
|                                                                            |  |                             |                   |        |                  |                           |                   |                  |        |   |                   |        |  |   |                   |        |  |
| Ratio of income tax provision to average net assets                        |  | —                | %                 |        | (0.46)           | %                         |                   | —     | %      |   | (0.44)            | %      |  |   |                   |        |  |  |  |  |  |
| Ratio of net operating expenses to average net assets(3)                   |  | 8.19                   | %                 |        | 4.68        | %                         |                   | 7.83        | %      |   | 4.22         | %      |  |   |                   |        |  |  |  |  |  |
| Ratio of net investment income/(loss) to average net assets(3)         |  | (7.61)                      | %                 |        | (5.39)           | %                         |                   | (7.29)           | %      |   | (2.18)            | %      |  |   |                   |        |  |  |  |  |  |
| Portfolio Turnover Ratio                                                   |  | —                | %                 |        | —     | %                         |                   | 5.88        | %      |   | 5.04         | %      |  |   |                   |        |  |  |  |  |  |

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|                                                                       |               |                  |                  |  |   |                  |        |  |  |  |  |
|-----------------------------------------------------------------------|---------------|------------------|------------------|--|---|------------------|--------|--|--|--|--|
| ​                                                               | June 30, 2020 |                  | December 31,2019 |
| Aggregate principal amount of 4.75% Convertible Senior Notes due 2023 | $             | 40,000,000  |             |  | $ | 40,000,000  |   |
| Direct deduction of deferred debt issuance costs                      | $             | (1,008,343)      |             |  | $ | (1,196,365)      |   |
| 4.75% Convertible Senior Notes due 2023 Payable                       | $             | 38,991,657  |             |  | $ | 38,803,635  |   |

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|                   |  |                                |  |  |  |  |  |  |
|-------------------|--|--------------------------------|--|--|--|--|--|--|
| Input Assumptions |  | As of July 17, 2019 Grant Date |
| Term (years)      |  | 5.55                           |
| Volatility        |  | 39.47%                         |
| Risk-free rate    |  | 1.86%                          |
| Dividend yield    |  | —%                       |

|                                                |                  |        |                                 |   |                                        |        |  |   |            |        |  |  |  |  |  |  |  |
|------------------------------------------------|------------------|--------|---------------------------------|---|----------------------------------------|--------|--|---|------------|--------|--|--|--|--|--|--|--|
|                                                | Number of Shares |        | Weighted-Average Exercise Price |   | Weighted-Average Grant Date Fair Value |
| Outstanding as of December 31, 2018            | —     |   |                                 |   |                                        |        |
| Granted                                        | 1,165,000   |   |                                 | $ | 6.57                              |   |  | $ | 2.57  |   |
| Exercised                                      | —     |   |                                 |   |                                        |        |
| Forfeited                                      | (6,667)          |   |                                 | $ | 6.57                              |   |  | $ | 2.57  |   |
| Expired                                        | (3,333)          |   |                                 | $ | 6.57                              |   |  | $ | 2.57  |   |
| Outstanding as of December 31, 2019            | 1,155,000   |   |                                 | $ | 6.57                              |   |  |   |
| Vested and Exercisable as of December 31, 2019 | 385,000     |   |                                 | $ | 6.57                              |   |  | $ | 2.57  |   |

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|                                                    |  |                   |  |               |  |              |               |               |  |   |           |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------|--|-------------------|--|---------------|--|--------------|---------------|---------------|--|---|-----------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                  |  | Transaction Date  |  | Investment    |  | Net Proceeds |               | Realized Loss |
| 4C Insights (f/k/a The Echo Systems Corp.) |  | 7/29/2020 |  | Common Shares |  | $            | 813,093  |          |  | $ | (623,311) |   |
|                                                    |  |                   |  |               |  |              |               |               |
|                                                    |  |                   |  |               |  |              |               |               |

|                   |  |                            |  |                   |  |                |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|--|----------------------------|--|-------------------|--|----------------|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company |  | Investment                 |  | Transaction Date  |  | Gross Payments |
| Coursera, Inc.    |  | Preferred Shares, Series F |  | 7/15/2020 |  | $              | 2,838,354  |   |
|                   |  |                            |  |                   |  |                |
|                   |  |                            |  |                   |  |                |

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|                                                                            |  |               |               |               |                 |        |                 |        |  |  |  |  |  |  |
|----------------------------------------------------------------------------|--|---------------|---------------|---------------|-----------------|--------|-----------------|--------|--|--|--|--|--|--|
| Income Statement Data for the Three Months Ended(1):                   |  | June 30, 2020 |               | June 30, 2019 |
| Revenue                                                                    |  | $             | 105,705  |          |                 | $      | 5,906,873  |   |
| Gross profit                                                               |  | (3,122)       |          |               | 3,618,370  |   |
| Loss from operations                                                       |  | (14,013)      |          |               | (1,663,892)     |   |
| Total net loss including net loss attributable to non-controlling interest |  | (14,013)      |          |               | (1,663,892)     |   |
| Net loss attributable to non-controlling interest                          |  | —  |          |               | —    |   |

|                                                                            |  |               |               |               |                 |        |                  |        |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------|--|---------------|---------------|---------------|-----------------|--------|------------------|--------|--|--|--|--|--|--|--|--|--|--|
| Income Statement Data for the Six Months Ended(1):                     |  | June 30, 2020 |               | June 30, 2019 |                 |        |                  |        |
| Revenue                                                                    |  | $             | 215,847  |          |                 | $      | 11,552,985  |   |  |  |  |  |
| Gross profit                                                               |  | (1,808)       |          |               | 7,280,802  |   |                  |        |  |  |
| Loss from operations                                                       |  | (28,630)      |          |               | (3,423,181)     |   |                  |        |  |  |
| Total net loss including net loss attributable to non-controlling interest |  | (28,630)      |          |               | (3,423,181)     |   |                  |        |  |  |
| Net loss attributable to non-controlling interest                          |  | —  |          |               | —    |   |                  |        |  |  |

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|                                             |  |                             |  |                   |  |                 |                  |        |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|-----------------------------|--|-------------------|--|-----------------|------------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                           |  | Investment                  |  | Transaction Date  |  | Gross Payments  |
| Neutron Holdings, Inc. (d/b/a Lime) |  | Convertible Promissory Note |  | 5/11/2020 |  | $               | 506,339     |   |
| Rent the Runway, Inc.                       |  | Preferred Shares            |  | 6/17/2020 |  | 5,000,001  |             |
| Palantir Lending Trust                      |  | Collateralized Loan         |  | 6/19/2020 |  | 6,870,000  |             |
| Total                                       |  |                             |  |                   |  | $               | 12,376,340  |   |

|                      |  |                   |  |                 |        |  |  |              |   |                  |        |  |   |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------|--|-------------------|--|-----------------|--------|--|--|--------------|---|------------------|--------|--|---|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investment |  | Transaction Date  |  | Shares          |        |  |  | Net Proceeds |   | Realized Gain(1) |
| Parchment, Inc.      |  | 1/31/2020 |  | 3,200,512  |   |  |  |              | $ | 10,876,621  |   |  | $ | 6,875,639  |   |
|                      |  |                   |  |                 |        |  |  |              |   |                  |
|                      |  |                   |  |                 |        |  |  |              |   |                  |
|                      |  |                   |  |                 |        |  |  |              |   |                  |

|                                                  |  |                            |  |                   |  |                |                  |        |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|----------------------------|--|-------------------|--|----------------|------------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                |  | Investment                 |  | Transaction Date  |  | Gross Payments |
| Neutron Holdings, Inc. (d/b/a/ Lime) |  | Preferred shares, Series D |  | 1/25/2019 |  | $              | 10,000,000  |   |
| Total                                            |  |                            |  |                   |  | $              | 10,000,000  |   |

|                              |  |                   |  |               |        |                             |               |               |                  |                             |        |               |                  |        |   |              |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------|--|-------------------|--|---------------|--------|-----------------------------|---------------|---------------|------------------|-----------------------------|--------|---------------|------------------|--------|---|--------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investment         |  | Transaction Date  |  | Shares Sold   |        | Average Net Share Price (1) |               | Net Proceeds  |                  | Realized Gain/(Loss)(2) |
| Declara, Inc.(3)             |  | 3/11/2019 |  | —  |   |                             | $             | —  |             |                             | $      | —  |             |        | $ | (12,334,151) |   |
| Spotify Technologies S.A.(4) |  | Various           |  | 235,360  |   |                             | 138.29   |          |                  | 32,547,633             |   |               | 22,545,550  |   |
| Dropbox, Inc.(5)             |  | Various           |  | 437,460  |   |                             | 24.06    |          |                  | 10,520,449             |   |               | 4,326,029   |   |
| Knewton, Inc.(6)             |  | 5/31/2019 |  | —  |   |                             | —  |          |                  | 51,511                 |   |               | (5,083,701)      |   |
|                              |  |                   |  |               |        |                             |               |               |                  |                             |
|                              |  |                   |  |               |        |                             |               |               |                  |                             |
|                              |  |                   |  |               |        |                             |               |               |                  |                             |
|                              |  |                   |  |               |        |                             |               |               |                  |                             |
| Total                        |  |                   |  |               |        |                             |               | $             | 43,119,593  |                        |        | $             | 9,453,727   |   |

|                                                                         |                             |                  |        |                  |                           |                 |                 |        |   |                 |        |  |   |                  |        |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------|-----------------------------|------------------|--------|------------------|---------------------------|-----------------|-----------------|--------|---|-----------------|--------|--|---|------------------|--------|--|--|--|--|--|--|--|--|
|                                                                         | Three Months Ended June 30, |                  |        |                  | Six Months Ended June 30, |                 |                 |
|                                                                         | 2020                        |                  | 2019   |                  | 2020                      |                 | 2019            |
| Total Investment Income                                                 | $                           | 241,514     |   |                  | $                         | 487,952    |            |        | $ | 493,277    |   |  | $ | 715,202     |   |
| Interest income                                                         | 11,514                 |             |        | 287,952     |                      |                 | 187,027    |   |   | 515,202    |   |
| Dividend income                                                         | 230,000                |             |        | 200,000     |                      |                 | 306,250    |   |   | 200,000    |   |
|                                                                         |                             |                  |        |                  |                           |                 |                 |
|                                                                         |                             |                  |        |                  |                           |                 |                 |
|                                                                         |                             |                  |        |                  |                           |                 |                 |
|                                                                         |                             |                  |        |                  |                           |                 |                 |
| Total Operating Expenses                                                | $                           | 4,908,902   |   |                  | $                         | 3,293,183  |            |        | $ | 8,165,218  |   |  | $ | 2,900,731   |   |
| Management fees                                                         | —                |             |        | —     |                      |                 | —    |   |   | 848,723    |   |
| Incentive fees/(Reversal of incentive fee accrual)                  | —                |             |        | —     |                      |                 | —    |   |   | (4,660,472)     |   |
| Costs incurred under Administration Agreement                           | —                |             |        | —     |                      |                 | —    |   |   | 306,084    |   |
| Directors’ fees                                                   | 111,250                |             |        | 86,250      |                      |                 | 222,500    |   |   | 172,500    |   |
| Professional fees                                                       | 678,472                |             |        | 1,310,028   |                      |                 | 1,817,838  |   |   | 3,371,950  |   |
| Compensation expense                                                    | 3,005,524              |             |        | 469,944     |                      |                 | 3,930,440  |   |   | 632,108    |   |
| Interest expense                                                        | 568,627                |             |        | 600,205     |                      |                 | 1,142,027  |   |   | 1,204,373  |   |
| Tax expense                                                             | 39,590                 |             |        | 29,949      |                      |                 | 48,255     |   |   | 33,712     |   |
| Other expenses                                                          | 505,439                |             |        | 796,807     |                      |                 | 1,004,158  |   |   | 991,753    |   |
| Net Investment Loss                                                     | $                           | (4,667,388)      |   |                  | $                         | (2,805,231)     |            |        | $ | (7,671,941)     |   |  | $ | (2,185,529)      |   |
| Net realized gain/(loss) on investments                             | (23,987)                    |             |        | 13,590,233  |                      |                 | 6,954,253  |   |   | 9,524,540  |   |
|                                                                         |                             |                  |        |                  |                           |                 |                 |
| Net change in unrealized appreciation/(depreciation) of investments | 26,522,195             |             |        | (12,440,320)     |                      |                 | (1,143,739)     |   |   | 8,259,431  |   |
| Provision for taxes on unrealized appreciation of investments           | —                |             |        | 979,713     |                      |                 | —    |   |   | 885,566    |   |
| Net Increase/(Decrease) in Net Assets Resulting from Operations     | $                           | 21,830,820  |   |                  | $                         | (675,605)       |            |        | $ | (1,861,427)     |   |  | $ | 16,484,008  |   |

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|                                              |  |                                                                                                   |                  |                            |                           |                                                                                                   |                 |        |                 |        |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|---------------------------------------------------------------------------------------------------|------------------|----------------------------|---------------------------|---------------------------------------------------------------------------------------------------|-----------------|--------|-----------------|--------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                            |  | Net Change in Unrealized Appreciation/(Depreciation) For the Three Months Ended June 30, 2020 |                  | Portfolio Company          |                           | Net Change in Unrealized Appreciation/(Depreciation) For the Three Months Ended June 30, 2019 |
| Coursera, Inc.                               |  | $                                                                                                 | 15,161,245  |                       |                           | Knewton, Inc.(1)                                                                                  |                 | $      | 5,101,610  |   |
| Course Hero, Inc.                            |  | 8,595,533                                                                                    |             |                            | Aspiration Partners, Inc. |                                                                                                   | 4,330,592  |   |
| SharesPost, Inc.                             |  | 4,918,421                                                                                    |             |                            | Parchment, Inc.           |                                                                                                   | 2,079,822  |   |
| Ozy Media, Inc.                              |  | 1,965,825                                                                                    |             |                            | Coursera, Inc.            |                                                                                                   | 1,948,734  |   |
| Enjoy, Inc.                                  |  | (1,574,358)                                                                                       |             |                            | Nextdoor.com, Inc.        |                                                                                                   | 1,348,648  |   |
| Treehouse Real Estate Investment Trust, Inc. |  | (2,311,230)                                                                                       |             |                            | Course Hero, Inc.         |                                                                                                   | (1,802,608)     |   |
|                                              |  |                                                                                                   |                  | Dropbox, Inc.(1)           |                           | (1,920,235)                                                                                       |            |
|                                              |  |                                                                                                   |                  | Lyft, Inc.                 |                           | (3,046,918)                                                                                       |            |
|                                              |  |                                                                                                   |                  | StormWind, LLC             |                           | (5,013,143)                                                                                       |            |
|                                              |  |                                                                                                   |                  | Spotify Technology S.A.(2) |                           | (14,479,668)                                                                                      |            |
|                                              |  |                                                                                                   |                  |                            |                           |                                                                                                   |
|                                              |  |                                                                                                   |                  |                            |                           |                                                                                                   |
|                                              |  |                                                                                                   |                  |                            |                           |                                                                                                   |
| Other(3)                                     |  | (233,241)                                                                                         |             |                            | Other(3)                  |                                                                                                   | (987,154)       |   |
| Total                                        |  | $                                                                                                 | 26,522,195  |                       |                           | Total                                                                                             |                 | $      | (12,440,320)    |   |

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|                                                  |  |                                                                                                 |                  |                                              |                                                       |                                                                                                 |                 |        |                  |        |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|-------------------------------------------------------------------------------------------------|------------------|----------------------------------------------|-------------------------------------------------------|-------------------------------------------------------------------------------------------------|-----------------|--------|------------------|--------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                |  | Net Change in Unrealized Appreciation/(Depreciation) For the Six Months Ended June 30, 2020 |                  | Portfolio Company                            |                                                       | Net Change in Unrealized Appreciation/(Depreciation) For the Six Months Ended June 30, 2019 |
| Coursera, Inc.                                   |  | $                                                                                               | 16,298,940  |                                         |                                                       | Declara, Inc.(1)                                                                                |                 | $      | 12,334,151  |   |
| Course Hero, Inc.                                |  | 7,557,022                                                                                  |             |                                              | Coursera, Inc.                                        |                                                                                                 | 7,522,226  |   |
| SharesPost, Inc.                                 |  | 2,369,329                                                                                  |             |                                              | Aspiration Partners, Inc.                             |                                                                                                 | 5,032,824  |   |
| StormWind, LLC                                   |  | (1,002,854)                                                                                     |             |                                              | Course Hero, Inc.                                     |                                                                                                 | 4,662,974  |   |
| Palantir Technologies, Inc.                      |  | (1,039,264)                                                                                     |             |                                              | Enjoy Technology, Inc.                                |                                                                                                 | 3,624,952  |   |
| Enjoy, Inc.                                      |  | (1,574,359)                                                                                     |             |                                              | Lyft, Inc.                                            |                                                                                                 | 3,418,486  |   |
| NestGSV, Inc. (d.b.a. GSV Labs, Inc.)            |  | (2,427,101)                                                                                     |             |                                              | Knewton, Inc.(2)                                      |                                                                                                 | 2,979,116  |   |
| Treehouse Real Estate Investment Trust, Inc.     |  | (3,103,046)                                                                                     |             |                                              | Parchment, Inc.                                       |                                                                                                 | 2,753,731  |   |
| Ozy Media, Inc.                                  |  | (4,383,310)                                                                                     |             |                                              | SharesPost, Inc.                                      |                                                                                                 | 1,007,656  |   |
| Neutron Holdings, Inc. (d/b/a/ Lime) |  | (6,515,508)                                                                                     |             |                                              | A Place for Rover Inc. (f/k/a DogVacay, Inc.) |                                                                                                 | (1,038,166)     |   |
| Parchment, Inc.(2)                               |  | (6,895,603)                                                                                     |             |                                              | CUX, Inc. (d/b/a CorpU)                       |                                                                                                 | (2,008,440)     |   |
|                                                  |  |                                                                                                 |                  | Ozy Media, Inc.                              |                                                       | (2,522,860)                                                                                     |            |
|                                                  |  |                                                                                                 |                  | Palantir Technologies, Inc.                  |                                                       | (3,395,100)                                                                                     |            |
|                                                  |  |                                                                                                 |                  | NestGSV, Inc. (d/b/a GSV Labs, Inc.) |                                                       | (3,870,964)                                                                                     |            |
|                                                  |  |                                                                                                 |                  | StormWind, LLC                               |                                                       | (6,015,388)                                                                                     |            |
|                                                  |  |                                                                                                 |                  | Spotify Technology S.A.(2)                   |                                                       | (16,711,276)                                                                                    |            |
|                                                  |  |                                                                                                 |                  |                                              |                                                       |                                                                                                 |
|                                                  |  |                                                                                                 |                  |                                              |                                                       |                                                                                                 |
| Other(3)                                         |  | (427,985)                                                                                       |             |                                              | Other(3)                                              |                                                                                                 | 485,509    |   |
| Total                                            |  | $                                                                                               | (1,143,739)      |                                         |                                                       | Total                                                                                           |                 | $      | 8,259,431   |   |

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|                                                   |  |               |                  |                   |               |        |                  |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------|--|---------------|------------------|-------------------|---------------|--------|------------------|--------|--|--|--|--|--|--|--|--|
| Cash Reserves and Liquid Securities               |  | June 30, 2020 |                  | December 31, 2019 |               |        |
| Cash                                              |  | $             | 23,285,073  |              |               | $      | 44,861,263  |   |  |  |
|                                                   |  |               |                  |                   |               |        |
|                                                   |  |               |                  |                   |               |        |
|                                                   |  |               |                  |                   |               |        |
|                                                   |  |               |                  |                   |               |        |
|                                                   |  |               |                  |                   |               |        |
| Securities of publicly traded portfolio companies |  | —  |             |                   | —  |   |                  |        |
| Total Cash Reserves and Liquid Securities         |  | $             | 23,285,073  |              |               | $      | 44,861,263  |   |  |  |

|                                     |                                       |             |                 |               |                      |            |                      |        |                       |               |        |  |               |               |        |  |   |               |        |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|---------------------------------------|-------------|-----------------|---------------|----------------------|------------|----------------------|--------|-----------------------|---------------|--------|--|---------------|---------------|--------|--|---|---------------|--------|--|--|--|--|--|--|--|--|--|--|
|                                     | Payments Due By Period ( in millions) |             |                 |               |                      |            |                      |        |                       |
|                                     | Total                                 |             | Less than1 year |               | 1–3 years |            | 3–5 years |        | More than5 years |
| Payable for securities purchased(1) | $                                     | 89.5   |            |               | $                    | 89.5  |                 |        | $                     | —  |   |  | $             | —  |   |  | $ | —  |   |
|                                     |                                       |             |                 |               |                      |            |                      |        |                       |
| Convertible Senior Notes(2)         | 40.0                             |        |                 | —  |                 |            | 40.0            |   |                       | —  |   |  | —  |          |
| Operating lease liability           | 0.8                              |        |                 | 0.2      |                 |            | 0.4             |   |                       | 0.2      |   |  | —  |          |
| Total                               | $                                     | 130.3  |            |               | $                    | 89.7  |                 |        | $                     | 40.4     |   |  | $             | 0.2      |   |  | $ | —  |   |

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|                          |  |                   |  |                   |  |                  |            |        |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------|--|-------------------|--|-------------------|--|------------------|------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
| Date Declared            |  | Record Date       |  | Payment Date      |  | Amount per Share |
| Fiscal 2015:         |  |                   |  |                   |  |                  |
| November 4, 2015(1) |  | November 16, 2015 |  | December 31, 2015 |  | $                | 2.76  |   |
| Fiscal 2016:         |  |                   |  |                   |  |                  |
| August 3, 2016(2)   |  | August 16, 2016   |  | August 24, 2016   |  | 0.04        |       |
| Fiscal 2019:         |  |                   |  |                   |  |                  |
| November 5, 2019(3)      |  | December 2, 2019  |  | December 12, 2019 |  | 0.20        |       |
| December 20, 2019(4)     |  | December 31, 2019 |  | January 15, 2020  |  | 0.12        |       |
| Total                    |  |                   |  |                   |  | $                | 3.12  |   |

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|                                      |  |                                  |        |                            |               |                                                                             |                 |                                                                                           |               |                 |                 |        |                 |        |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|--|----------------------------------|--------|----------------------------|---------------|-----------------------------------------------------------------------------|-----------------|-------------------------------------------------------------------------------------------|---------------|-----------------|-----------------|--------|-----------------|--------|--|--|--|--|--|--|--|--|--|--|--|--|
| Period                               |  | TotalNumber ofSharesPurchased(2) |        | AveragePrice PaidPer Share |               | Total Numberof SharesPurchased asPart of PubliclyAnnouncedPlans or Programs |                 | ApproximateDollar Value ofShares that MayYet Be PurchasedUnder the ShareRepurchaseProgram |
| January 1 through January 31, 2020   |  | 18,508                      |   |                            | $             | —                                                                |            |                                                                                           | —  |            |                 | $      | 4,997,307  |   |
| February 1 through February 28, 2020 |  | —                     |   |                            | —  |                                                                        |                 | —                                                                              |          |                 | 4,997,307  |   |
| March 1 through March 31, 2020       |  | 689,928                     |   |                            | 5.38     |                                                                        |                 | 689,928                                                                              |          |                 | 6,288,063  |   |
| April 1 through April 30, 2020       |  | 567,437                     |   |                            | 6.07          |                                                                             | 567,437    |                                                                                      |               | 2,846,049  |            |
| May 1 through May 31, 2020           |  | 37,640                      |   |                            | 6.42          |                                                                             | 27,200     |                                                                                      |               | 2,671,455  |            |
| June 1 through June 30, 2020(3)      |  | —                     |   |                            | —  |                                                                        |                 | —                                                                              |          |                 | 2,671,455  |   |
| Total                                |  | 1,313,513                   |   |                            | ​       |                                                                             | 1,284,565  |                                                                                      |               |                 |

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|      |                                                                                                                                                                    |  |  |  |  |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| 3.1  | Articles of Amendment and Restatement(1)                                                                                                                           |
| 3.2  | Articles of Amendment(2)                                                                                                                                           |
| 3.3  | Articles of Amendment(3)                                                                                                                                           |
| 3.4  | Articles of Amendment(4)                                                                                                                                           |
| 3.5  | Second Amended and Restated Bylaws(4)                                                                                                                              |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
| 10.1 | SuRo Capital Corp. Amended and Restated 2019 Equity Incentive Plan(5)                                                                                              |
| 10.2 | Form of SuRo Capital Corp. Restricted Stock Agreement (Non-Employee Directors)(5)                                                                                  |
| 10.3 | Form of SuRo Capital Corp. Restricted Stock Agreement (Employees and Officers)(5)                                                                                  |
| 10.4 | Form of SuRo Capital Corp. Non-Qualified Stock Option Award(5)                                                                                                     |
| 10.5 | At-the-Market Sales Agreement dated as of July 29, 2020, by and among SuRo Capital Corp., BTIG, LLC, JMP Securities LLC, and Ladenburg Thalmann & Co., Inc.(6) |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
|      |                                                                                                                                                                    |
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended*                                          |
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended*                                          |
| 32.1 | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*                                                           |
| 32.2 | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*                                                           |

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|           |                |         |                                                                                       |  |  |  |  |  |  |  |  |
|-----------|----------------|---------|---------------------------------------------------------------------------------------|--|--|--|--|--|--|--|--|
|           |                |         | SURO CAPITAL CORP.                                                                    |
|           |                |         |                                                                                       |
| Date: | August 6, 2020 | By: | /s/ Mark D. Klein                                                             |
|           |                |         | Mark D. Klein                                                                         |
|           |                |         | President and Chief Executive Officer                                                 |
|           |                |         | (Principal Executive Officer)                                                         |
|           |                |         |                                                                                       |
| Date: | August 6, 2020 | By: | /s/ Allison Green                                                             |
|           |                |         | Allison Green                                                                         |
|           |                |         | Chief Financial Officer, Chief Compliance Officer, Treasurer, and Corporate Secretary |
|           |                |         | (Principal Financial and Accounting Officer)                                          |
|           |                |         |                                                                                       |