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 September 30, 2020 (Unaudited) and December 31, 2019       | 1    |
|                               | Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2020 and 2019 (Unaudited)  | 2    |
|                               | Condensed Consolidated Statements of Changes in Net Assets for the Nine Months Ended September 30, 2020 and 2019 (Unaudited) | 3    |
|                               | Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2020 and 2019 (Unaudited)            | 4    |
|                               | Condensed Consolidated Schedule of Investments as of September 30, 2020 (Unaudited)                                          | 5    |
|                               | Condensed Consolidated Schedule of Investments as of December 31, 2019                                                       | 9    |
|                               | Notes to Condensed Consolidated Financial Statements as of September 30, 2020 (Unaudited)                                    | 13   |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                  | 56   |
| Item 3.                       | Quantitative and Qualitative Disclosures About Market Risk                                                                   | 69   |
| Item 4.                       | Controls and Procedures                                                                                                      | 69   |
| PART II. OTHER INFORMATION    |                                                                                                                              |
| Item 1.                  | Legal Proceedings                                                                                                            | 70   |
| Item 1A.                      | Risk Factors                                                                                                                 | 70   |
| Item 2.                       | Unregistered Sales of Equity Securities and Use of Proceeds                                                                  | 71   |
| Item 3.                       | Defaults Upon Senior Securities                                                                                              | 73   |
| Item 4.                       | Mine Safety Disclosures                                                                                                      | 73   |
| Item 5.                       | Other Information                                                                                                            | 73   |
| Item 6.                       | Exhibits                                                                                                                     | 74   |
| Signatures                    |                                                                                                                              | 75   |

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TABLE OF CONTENTS

|                                                                                                                                      |                    |                   |                   |                   |   |                   |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------|--------------------|-------------------|-------------------|-------------------|---|-------------------|--|--|--|--|--|
|                                                                                                                                      | September 30, 2020 |                   | December 31, 2019 |
| ASSETS                                                                                                                               |                    |                   |                   |
| Investments at fair value:                                                                                                       |                    |                   |                   |
| Non-controlled/non-affiliate investments (cost of $99,438,709 and $90,567,041, respectively)                                     | $                  | 186,045,176  |                   |                   | $ | 152,866,112  |  |
| Non-controlled/affiliate investments (cost of $52,857,243 and $52,857,243, respectively)                                         | 28,440,826    |                   |                   | 37,944,268   |   |
| Controlled investments (cost of $7,161,412 and $7,161,412, respectively)                                                             | 960,198       |                   |                   | 775,198      |   |
| Total Portfolio Investments                                                                                                          | 215,446,200   |                   |                   | 191,585,578  |   |
| Investments in U.S. Treasury bills (cost of $149,999,917 and $49,996,667, respectively)                                              | 150,000,000   |                   |                   | 50,000,000   |   |
| Total Investments (cost of $309,457,281 and $200,582,363, respectively)                                                              | 365,446,200   |                   |                   | 241,585,578  |   |
| Cash                                                                                                                                 | 60,595,499    |                   |                   | 44,861,263   |   |
|                                                                                                                                      |                    |                   |                   |
| Proceeds receivable                                                                                                                  | 4,094,909     |                   |                   | —      |   |
| Escrow proceeds receivable                                                                                                           | 116,679       |                   |                   | 265,303      |   |
| Interest and dividends receivable                                                                                                    | 422,004       |                   |                   | 84,630       |   |
| Deferred financing costs                                                                                                             | 296,198       |                   |                   | 11,382       |   |
| Prepaid expenses and other assets(1)                                                                                                 | 1,161,669     |                   |                   | 1,755,933    |   |
| Total Assets                                                                                                                         | 432,133,158   |                   |                   | 288,564,089  |   |
| LIABILITIES                                                                                                                          |                    |                   |                   |
|                                                                                                                                      |                    |                   |                   |
| Accounts payable and accrued expenses(1)                                                                                             | 2,754,423     |                   |                   | 1,143,923    |   |
|                                                                                                                                      |                    |                   |                   |
|                                                                                                                                      |                    |                   |                   |
| Payable to executive officers                                                                                                        | —       |                   |                   | 1,369,873    |   |
|                                                                                                                                      |                    |                   |                   |
| Accrued interest payable                                                                                                             | —       |                   |                   | 475,000      |   |
| Dividends payable                                                                                                                    | 5,074,591     |                   |                   | 2,107,709    |   |
| Payable for securities purchased                                                                                                     | 134,249,917   |                   |                   | 44,746,660   |   |
| Income tax payable                                                                                                                   | 35,850        |                   |                   | —      |   |
|                                                                                                                                      |                    |                   |                   |
|                                                                                                                                      |                    |                   |                   |
| 4.75% Convertible Senior Notes due March 28, 2023(2)                                                                                 | 37,305,608    |                   |                   | 38,803,635   |   |
| Total Liabilities                                                                                                                    | 179,420,389   |                   |                   | 88,646,800   |   |
| Commitments and contingencies (Notes 7 and 10)                                                                                       |                    |                   |                   |
| Net Assets                                                                                                                           | $                  | 252,712,769  |                   |                   | $ | 199,917,289  |  |
| NET ASSETS                                                                                                                           |                    |                   |                   |
| Common stock, par value $0.01 per share (100,000,000 authorized; 20,284,811 and 17,564,244 issued and outstanding, respectively) | $                  | 202,848      |                   |                   | $ | 175,642      |  |
| Paid-in capital in excess of par                                                                                                     | 225,047,913   |                   |                   | 178,550,374  |   |
| Unearned deferred compensation                                                                                                       | (200,000)          |                   |                   | —      |   |
| Accumulated net investment loss                                                                                                      | (35,939,194)       |                   |                   | (25,679,362)      |   |
| Accumulated net realized gain on investments, net of distributions                                                                   | 7,612,281     |                   |                   | 5,867,417    |   |
| Accumulated net unrealized appreciation/(depreciation) of investments                                                            | 55,988,921    |                   |                   | 41,003,218   |   |
| Net Assets                                                                                                                           | $                  | 252,712,769  |                   |                   | $ | 199,917,289  |  |
| Net Asset Value Per Share                                                                                                            | $                  | 12.46        |                   |                   | $ | 11.38        |  |

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TABLE OF CONTENTS

|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |                  |  |  |   |                  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------|---------------------------------|------------------|--------------------------------|------------------|---------|-----------------|------------------|--|---|------------------|--|--|---|------------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                          | Three Months EndedSeptember 30, |                  | Nine Months EndedSeptember 30, |
|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |
|                                                                          | 2020                            |                  | 2019                           |                  | 2020    |                 | 2019             |  |   |
| INVESTMENT INCOME                                                        |                                 |                  |                                |                  |         |                 |                  |  |   |
| Non-controlled/non-affiliate investments:                        |                                 |                  |                                |                  |         |                 |                  |  |   |
| Interest income                                                          | $                               | 284,357     |                                |                  | $       | 298,515    |                  |  | $ | 500,568     |  |  | $ | 635,187     |  |  |  |
| Dividend income                                                          | —                    |                  |                                | —     |         |                 | 50,000      |  |   | —     |  |  |   |
| Non-controlled/affiliate investments:                            |                                 |                  |                                |                  |         |                 | ​          |  |   |
| Interest income/(reversal of interest income accrual)                | —                    |                  |                                | 81,711      |         |                 | (29,184)         |  |   | 201,304     |  |  |   |
| Dividend income                                                          | 123,750                    |                  |                                | —     |         |                 | 180,000     |  |   | —     |  |  |   |
| Controlled investments:                                              |                                 |                  |                                |                  |         |                 | ​          |  |   |
| Interest income                                                          | —                    |                  |                                | —     |         |                 | —     |  |   | 58,937      |  |  |   |
| Dividend income                                                          | —                    |                  |                                | —     |         |                 | 200,000     |  |   | 200,000     |  |  |   |
| Total Investment Income                                                  | 408,107                    |                  |                                | 380,226     |         |                 | 901,384     |  |   | 1,095,428   |  |  |   |
| 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)                                                  | 1,030,239                  |                  |                                | 3,070,409   |         |                 | 4,960,679   |  |   | 3,702,517   |  |  |   |
| Directors’ fees                                                    | 111,250                    |                  |                                | 99,620      |         |                 | 333,750     |  |   | 272,120     |  |  |   |
| Professional fees                                                        | 714,345                    |                  |                                | 807,143     |         |                 | 2,532,183   |  |   | 4,179,093   |  |  |   |
| Interest expense                                                         | 555,935                    |                  |                                | 591,512     |         |                 | 1,697,962   |  |   | 1,795,885   |  |  |   |
| Income tax expense                                                       | (1,657)                         |                  |                                | 954         |         |                 | 46,598      |  |   | 34,666      |  |  |   |
| Other expenses                                                           | 585,886                    |                  |                                | 512,792     |         |                 | 1,590,044   |  |   | 1,504,545   |  |  |   |
| Total Operating Expenses                                                 | 2,995,998                  |                  |                                | 5,082,430   |         |                 | 11,161,216  |  |   | 7,983,161   |  |  |   |
|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |
|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |
|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |
| Net Investment Loss                                                      | (2,587,891)                     |                  |                                | (4,702,204)      |         |                 | (10,259,832)     |  |   | (6,887,733)      |  |  |   |
| Realized Gains/(Losses) on Investments:                          |                                 |                  |                                |                  | ​ |                 | ​          |  |   |
| Non-controlled/non-affiliated investments                            | 2,378,390                  |                  |                                | 1,772,961   |         |                 | 9,332,643   |  |   | 23,632,332  |  |  |   |
| Non-controlled/affiliate investments                                 | —                    |                  |                                | —     |         |                 | —     |  |   | (12,334,831)     |  |  |   |
|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |
| Net Realized Gain on Investments                                         | 2,378,390                  |                  |                                | 1,772,961   |         |                 | 9,332,643   |  |   | 11,297,501  |  |  |   |
|                                                                          |                                 |                  |                                |                  |         |                 |                  |  |   |
| Change in Unrealized Appreciation/(Depreciation) of Investments: |                                 |                  |                                |                  |         |                 | ​          |  |   |
| Non-controlled/non-affiliated investments                            | 17,027,314                 |                  |                                | (7,998,030)      |         |                 | 24,304,146  |  |   | 2,279,117   |  |  |   |
| Non-controlled/affiliate investments                                 | (997,872)                       |                  |                                | 11,264,416  |         |                 | (9,503,443)      |  |   | 19,067,052  |  |  |   |
| Controlled investments                                                   | 100,000                    |                  |                                | 4,924,309   |         |                 | 185,000     |  |   | (4,896,043)      |  |  |   |
| Net Change in Unrealized Appreciation/(Depreciation) of Investments  | 16,129,442                 |                  |                                | 8,190,695   |         |                 | 14,985,703  |  |   | 16,450,126  |  |  |   |
| Benefit from taxes on unrealized depreciation of investments             | —                    |                  |                                | —     |         |                 | —     |  |   | 885,566     |  |  |   |
| Net Change in Net Assets Resulting from Operations                       | $                               | 15,919,941  |                                |                  | $       | 5,261,452  |                  |  | $ | 14,058,514  |  |  | $ | 21,745,460  |  |  |  |
| Net Change in Net Assets Resulting from Operations per Common Share: |                                 |                  |                                |                  |         |                 | ​          |  |   |
| Basic                                                                    | $                               | 0.89        |                                |                  | $       | 0.27       |                  |  | $ | 0.82        |  |  | $ | 1.11        |  |  |  |
| Diluted(3)                                                               | $                               | 0.76        |                                |                  | $       | 0.25       |                  |  | $ | 0.75        |  |  | $ | 1.00        |  |  |  |
| Weighted-Average Common Shares Outstanding                               | ​                         |                  | ​                        |                  | ​ |                 | ​          |  |   |
| Basic                                                                    | 17,795,538                 |                  |                                | 19,472,785  |         |                 | 17,208,723  |  |   | 19,650,651  |  |  |   |
| Diluted(3)                                                               | 21,598,403                 |                  |                                | 23,204,129  |         |                 | 21,087,926  |  |   | 23,381,995  |  |  |   |

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TABLE OF CONTENTS

|                                                                              |                                 |                   |         |                  |   |                   |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------|---------------------------------|-------------------|---------|------------------|---|-------------------|--|--|--|--|--|--|--|
|                                                                              | Nine Months Ended September 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  |   |                   |  |
| Provision for taxes on unrealized appreciation 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 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  |  |  |  |
|                                                                              |                                 |                   |         |                  |   |
| Change in Net Assets Resulting from Operations                               | ​                         |                   | ​ |                  |   |
| Net investment loss                                                          | $                               | (2,587,891)       |         |                  | $ | (4,702,204)       |  |  |  |
| Net realized gain on investments                                             | 2,378,390                  |                   |         | 1,772,961   |   |                   |  |
| Net change in unrealized appreciation/(depreciation) of investments | 16,129,442                 |                   |         | 8,190,695   |   |                   |  |
|                                                                              |                                 |                   |         |                  |   |
| Net Change in Net Assets Resulting from Operations                           | 15,919,941                 |                   |         | 5,261,452   |   |                   |  |
| Distributions                                                                |                                 |                   |         |                  |   |
| Dividends declared                                                           | (7,587,779)                     |                   |         | —     |   |                   |  |
| Total Distributions                                                          | (7,587,779)                     |                   |         | —     |   |                   |  |
| Change in Net Assets Resulting from Capital Transactions                     | ​                         |                   | ​ |                  |   |
| Issuance of common stock                                                     | 49,882,319                 |                   |         | —     |   |                   |  |
| Conversion of 4.75% Convertible Senior Notes due March 28, 2023              | 1,805,847                  |                   |         | —     |   |                   |  |
| Stock-based compensation                                                     | —                    |                   |         | 1,449,121   |   |                   |  |
| Repurchases of common stock                                                  | —                    |                   |         | (3,886,591)      |   |                   |  |
| Net Change in Net Assets Resulting from Capital Transactions                 | 51,688,166                 |                   |         | (2,437,470)      |   |                   |  |
| Total Change in Net Assets                                                   | 60,020,328                 |                   |         | 2,823,982   |   |                   |  |
| Net Assets at September 30                                                   | $                               | 252,712,769  |         |                  | $ | 213,949,030  |  |  |  |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
|                                                                              |                                 |                   |         |                  |   |
| Capital Share Activity                                                       |                                 |                   |         |                  |   |
| Shares outstanding at beginning of year                                      | 17,564,244                 |                   |         | 19,762,647  |   |                   |  |
| Issuance of common stock from public offering                                | 3,808,979                  |                   |         | —     |   |                   |  |
| Issuance of common stock under restricted stock plan                         | 21,760                     |                   |         | —     |   |                   |  |
| Issuance of common stock from conversion of 4.75% Convertible Notes due 2023 | 174,393                    |                   |         | —     |   |                   |  |
| Shares repurchased                                                           | (1,284,565)                     |                   |         | (721,128)        |   |                   |  |
| Shares Outstanding at End of Period                                          | 20,284,811                 |                   |         | 19,041,519  |   |                   |  |

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TABLE OF CONTENTS

|                                                                                                                                             |                                 |                  |      |                   |   |                  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|------------------|------|-------------------|---|------------------|--|--|--|--|--|--|--|
|                                                                                                                                             | Nine Months Ended September 30, |
|                                                                                                                                             | 2020                            |                  | 2019 |                   |   |
| Cash Flows from Operating Activities                                                                                                        |                                 |                  |      |                   |   |
| Net change in net assets resulting from operations                                                                                          | $                               | 14,058,514  |      |                   | $ | 21,745,460  |  |  |  |
| 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                                                                                                            | (9,332,643)                     |                  |      | (11,297,501)      |   |                  |  |
| Net change in unrealized (appreciation)/depreciation of investments                                                                     | (14,985,703)                    |                  |      | (16,450,126)      |   |                  |  |
| Change in deferred tax liability                                                                                                            | —                    |                  |      | (885,566)         |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Amortization of discount on 4.75% Convertible Senior Notes due 2023                                                                         | 281,973                    |                  |      | 276,084      |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Amortization of fixed income security premiums and discounts                                                                                | —                    |                  |      | (3,729)           |   |                  |  |
| Write-off of deferred offering costs                                                                                                        | —                    |                  |      | 267,541      |   |                  |  |
| Stock-based compensation(1)                                                                                                                 | 1,962,431                  |                  |      | 1,449,121    |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Paid-in-kind interest                                                                                                                       | —                    |                  |      | (383,980)         |   |                  |  |
| Forfeited interest on 4.75% Convertible Senior Notes due 2023                                                                               | 25,880                     |                  |      | —      |   |                  |  |
| Adjustments to escrow proceeds receivable                                                                                                   | 75,844                     |                  |      | 26,221       |   |                  |  |
| Purchases of investments in:                                                                                                            |                                 |                  |      |                   |   |
| Portfolio investments                                                                                                                       | (15,397,511)                    |                  |      | (25,309,145)      |   |                  |  |
| U.S. Treasury bills                                                                                                                         | (300,000,084)                   |                  |      | (249,933,583)     |   |                  |  |
| Proceeds from sales or maturity of investments in:                                                                                      |                                 |                  |      |                   |   |
| Portfolio investments                                                                                                                       | 15,779,482                 |                  |      | 52,322,735   |   |                  |  |
| U.S. Treasury bills                                                                                                                         | 200,000,000                |                  |      | 300,000,000  |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Change in operating assets and liabilities:                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Prepaid expenses and other assets                                                                                                           | 594,264                    |                  |      | (2,124,641)       |   |                  |  |
| Interest and dividends receivable                                                                                                           | (337,374)                       |                  |      | 130,322      |   |                  |  |
| Deferred financing costs                                                                                                                    | —                    |                  |      | (5,502)           |   |                  |  |
| Escrow proceeds receivable                                                                                                                  | 148,624                    |                  |      | 408,437      |   |                  |  |
| Receivable from unsettled trades                                                                                                            | (4,094,909)                     |                  |      | —      |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Payable for securities purchased                                                                                                            | 89,503,257                 |                  |      | (44,737,654)      |   |                  |  |
| Accounts payable and accrued expenses                                                                                                       | 1,610,500                  |                  |      | 1,651,365    |   |                  |  |
| Payable to executive officers                                                                                                               | (1,369,873)                     |                  |      | —      |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Income tax payable                                                                                                                          | 35,850                     |                  |      | —      |   |                  |  |
| Accrued incentive fees(2)                                                                                                                   | —                    |                  |      | (4,660,472)       |   |                  |  |
| Accrued management fees(2)                                                                                                                  | —                    |                  |      | (415,056)         |   |                  |  |
| Accrued interest payable                                                                                                                    | (475,000)                       |                  |      | (475,000)         |   |                  |  |
| Net Cash Provided by/(Used in) Operating Activities                                                                                     | (21,916,478)                    |                  |      | 21,595,331   |   |                  |  |
| Cash Flows from Financing Activities                                                                                                        |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Proceeds from the issuance of common stock, net                                                                                             | 49,882,319                 |                  |      | —      |   |                  |  |
| Repurchases of common stock                                                                                                                 | (7,325,852)                     |                  |      | (4,623,710)       |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Dividends paid                                                                                                                              | (4,620,898)                     |                  |      | —      |   |                  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Deferred offering costs                                                                                                                     | (284,816)                       |                  |      | —      |   |                  |  |
| Cash paid for fractional shares                                                                                                             | (40)                            |                  |      | —      |   |                  |  |
| Net Cash Provided by/(Used in) Financing Activities                                                                                     | $                               | 37,650,714  |      |                   | $ | (4,623,710)      |  |  |  |
|                                                                                                                                             |                                 |                  |      |                   |   |
| Total Increase in Cash Balance                                                                                                              | $                               | 15,734,236  |      |                   | $ | 16,971,621  |  |  |  |
| Cash Balances at Beginning of Year                                                                                                          | 44,861,263                 |                  |      | 28,184,163   |   |                  |  |
| Cash Balances at End of Period                                                                                                              | $                               | 60,595,499  |      |                   | $ | 45,155,784  |  |  |  |
| Supplemental Information:                                                                                                               |                                 |                  |      |                   |   |
| Interest paid                                                                                                                               | $                               | 1,870,453   |      |                   | $ | 2,007,872   |  |  |  |
| Conversion of 4.75% Convertible Senior Notes due 2023                                                                                       | $                               | 1,780,000   |      |                   | $ | —     |  |  |  |
| Taxes paid                                                                                                                                  | $                               | 10,735      |      |                   | $ | 34,666      |  |  |  |

----

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 F 8%                                              |  | Online Education            |  | 7/15/2020          |  | 166,962         |                 |                  | $                | 2,840,017  |                  |                  | $               | 2,812,510  |               |               | 1.11  | % |
| Preferred shares, Series B 8%                                         |  |                             |  | 6/9/2013           |  | 2,961,399       |                 |                  | 14,519,519  |                 |                  | 49,885,383  |                 |                 | 19.74    | %             |
| Total                                                                      |  |                             |  |                            |  | ​              |                 | 17,359,536  |                  |                 | 52,697,893  |                  |                 | 20.85      | %             |
| Palantir Technologies, Inc.**                                              |  | Palo Alto, CA               |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares, Class A(3)(13)                                         |  | Data Analysis               |  | 5/7/2012           |  | 5,373,690       |                 |                  | 15,101,477  |                 |                  | 46,662,051  |                 |                 | 18.46    | %             |
| Course Hero, Inc.                                                          |  | Redwood City, CA            |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series A 8%                                         |  | Online Education            |  | 9/18/2014          |  | 2,145,509       |                 |                  | 5,000,001   |                 |                  | 31,818,831  |                 |                 | 12.59    | %             |
| Nextdoor.com, Inc.                                                         |  | San Francisco, CA           |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares                                                              |  | Social Networking           |  | 9/27/2018          |  | 580,360         |                 |                  | 10,002,666  |                 |                  | 10,603,177  |                 |                 | 4.20     | %             |
| 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   |                 |                 | 3.27     | %             |
| Common shares                                                              |  |                             |  | 7/20/2011          |  | 770,934         |                 |                  | 123,987     |                 |                  | 1,188,410   |                 |                 | 0.47     | %             |
| Total                                                                      |  |                             |  |                            |  | ​              |                 | 2,383,703   |                  |                 | 9,446,547   |                  |                 | 3.74       | %             |
| Palantir Lending Trust SPV I **(10)                                        |  | Palo Alto, CA               |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Collateralized Loan 15%, Due 6/19/2022***                          |  | Data Analysis               |  | 6/19/2020          |  | $                    | 6,900,000  |                  |                  | 6,900,601  |                  |                  | 6,900,000  |                 |               | 2.73     | %          |
| Equity Participation in Underlying Collateral                              |  |                             |  | 6/19/2020          |  |                      |                 | —     |                  |                 | 1,684,657   |                  |                 | 0.67       | %             |
| Total                                                                      |  |                             |  |                            |  |                      |                 | 6,900,601   |                  |                 | 8,584,657   |                  |                 | 3.40       | %             |
| 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   |                 |                 | 1.58     | %             |
| Preferred shares, Series A 6%                                         |  |                             |  | 10/16/2014         |  | 879,198         |                 |                  | 1,002,440   |                 |                  | 1,939,143   |                 |                 | 0.77     | %             |
| Total                                                                      |  |                             |  |                            |  |                      |                 | 5,002,720   |                  |                 | 5,939,143   |                  |                 | 2.35       | %             |
| Rent the Runway, Inc.                                                      |  | New York, NY                |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares                                                           |  | Subscription Fashion Rental |  | 6/17/2020          |  | 339,191         |                 |                  | 5,153,945   |                 |                  | 4,891,051   |                 |                 | 1.94     | %             |
| 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   |                 |                 | 1.38     | %             |
| Junior Preferred Convertible Note 4% Due 5/11/2027***              |  |                             |  | 5/11/2020          |  | $                    | 506,339    |                  |                  | 506,339    |                  |                  | 506,339    |                 |               | 0.20     | %          |
| Common Warrants, Strike Price $0.01, Expiration Date 5/11/2027(11) |  |                             |  | 5/11/2020          |  | 2,032,967       |                 |                  | —     |                 |                  | —     |                 |                 | —  | %             |
| Total                                                                      |  | ​                     |  |                            |  | ​              |                 | 10,513,661  |                  |                 | 3,991,353   |                  |                 | 1.58       | %             |
| Treehouse Real Estate Investment Trust, Inc.                               |  | Chicago, IL                 |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares***(8)                                                        |  | Cannabis REIT               |  | 9/11/2019          |  | 312,500         |                 |                  | 7,500,000   |                 |                  | 3,883,296   |                 |                 | 1.54     | %             |
| Aspiration Partners, Inc.                                                  |  | Marina Del Rey, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series A                                            |  | Financial Services          |  | 8/11/2015          |  | 540,270         |                 |                  | 1,001,815   |                 |                  | 3,288,548   |                 |                 | 1.30     | %             |
| Preferred shares, Series C-3 (12)                                          |  |                             |  | 8/12/2019          |  | 24,912          |                 |                  | 281,190     |                 |                  | 169,600     |                 |                 | 0.07     | %             |
| Total                                                                      |  |                             |  |                            |  |                      |                 | 1,283,005   |                  |                 | 3,458,148   |                  |                 | 1.37       | %             |
| Clever, Inc.                                                               |  | San Francisco, CA           |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series B 8%                                         |  | Education Software          |  | 12/5/2014          |  | 1,799,047       |                 |                  | 2,000,601   |                 |                  | 2,000,001   |                 |                 | 0.79     | %             |
| 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   |                 |                  | 1,277,667   |                 |                 | 0.51     | %             |
| 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     |                 |                 | 0.31     | %             |
| 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   |                  |                 | —     |                  |                 | —    | %             |

----

TABLE OF CONTENTS

|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |                   |                 |               |             |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|-----------------|------------------|------------------|-----------------|------------------|-----------------|-------------------|-----------------|---------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                                    |  | Headquarters/Industry  |  | Date of Initial Investment |  | Shares/Principal |                 | Cost             |                  | Fair Value      |                  | % of NetAssets  |
| Kinetiq Holdings, LLC(14)                                                                 |  | Philadelphia, PA           |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Common shares, Class A                                                                    |  | Social Data Platform       |  | 3/30/2012          |  | 112,374         |                 |                  | —     |                 |                  | —    |                   |                 | —  | %           |
|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Total Non-controlled/Non-affiliate                                                    |  |                            |  |                            |  |                      |                 | $                | 99,438,709  |                 |                  | $               | 186,045,176  |                 |               | 73.62  | %          |
|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| 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  |                  |                 | $                 | 1,990,069  |               |             | 0.79  | % |
| Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                     |  |                            |  | 4/9/2018           |  | 295,565         |                 |                  | 30,647      |                 |                  | 700,489    |                   |                 | 0.28     | %           |
| Preferred shares, Series B 6%                                                             |  |                            |  | 10/3/2014          |  | 922,509         |                 |                  | 4,999,999   |                 |                  | 3,350,952  |                   |                 | 1.33     | %           |
| Preferred shares, Series A 6%                                                             |  |                            |  | 12/11/2013         |  | 1,090,909       |                 |                  | 3,000,200   |                 |                  | 3,033,832  |                   |                 | 1.20     | %           |
| Preferred shares, Series Seed 6%                                                          |  |                            |  | 11/2/2012          |  | 500,000         |                 |                  | 500,000     |                 |                  | 1,243,944  |                   |                 | 0.49     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 10,945,024  |                  |                 | 10,319,286  |                 |                   | 4.08       | %             |
| StormWind, LLC(5)                                                                         |  | Scottsdale, AZ             |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Preferred shares, Series D 8%                                                        |  | Interactive Learning       |  | 11/26/2019         |  | 329,337         |                 |                  | 257,267     |                 |                  | 446,142    |                   |                 | 0.18     | %           |
| Preferred shares, Series C 8%                                                        |  |                            |  | 1/7/2014           |  | 2,779,134       |                 |                  | 4,000,787   |                 |                  | 4,856,959  |                   |                 | 1.92     | %           |
| Preferred shares, Series B 8%                                                        |  |                            |  | 12/16/2011         |  | 3,279,629       |                 |                  | 2,019,687   |                 |                  | 2,681,401  |                   |                 | 1.06     | %           |
| Preferred shares, Series A 8%                                                        |  |                            |  | 2/25/2014          |  | 366,666         |                 |                  | 110,000     |                 |                  | 94,513     |                   |                 | 0.04     | %           |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 6,387,741   |                  |                 | 8,079,015   |                 |                   | 3.20       | %             |
| GreenAcreage Real Estate Corp.                                                            |  | New York, NY               |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Common shares***(9)                                                                       |  | Cannabis REIT              |  | 8/12/2019          |  | 375,000         |                 |                  | 7,501,530   |                 |                  | 6,918,750  |                   |                 | 2.74     | %           |
| 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   |                 |                  | 2,112,442  |                   |                 | 0.84     | %           |
| Convertible Promissory Note 8% Due 8/23/2024(4)(7)                                |  |                            |  | 2/17/2016          |  | $                    | 1,010,198  |                  |                  | 1,030,176  |                  |                 | 505,099      |                 |               | 0.20   | %          |
| Preferred Warrants Series A-3, Strike Price $1.33, Expiration Date 4/4/2021  |  |                            |  | 4/4/2014           |  | 187,500         |                 |                  | —     |                 |                  | 8,438      |                   |                 | —  | %           |
| Preferred Warrants Series A-4, Strike Price $1.33, Expiration Date 10/6/2021 |  |                            |  | 10/6/2014          |  | 500,000         |                 |                  | —     |                 |                  | 72,500     |                   |                 | 0.03     | %           |
| Preferred Warrants Series A-4, Strike Price $1.33, Expiration Date 7/18/2021 |  |                            |  | 7/8/2016           |  | 250,000         |                 |                  | 74,380      |                 |                  | 32,500     |                   |                 | 0.01     | %           |
| 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   |                  |                 | 2,737,104   |                 |                   | 1.08       | %             |
| 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      |                 |               | 0.12   | %          |
| Convertible preferred shares, Series D 6%                                            |  |                            |  | 5/31/2013          |  | 169,033         |                 |                  | 778,607     |                 |                  | 73,882     |                   |                 | 0.03     | %           |
| Convertible preferred shares, Series C 8%                                            |  |                            |  | 3/29/2012          |  | 615,763         |                 |                  | 2,006,077   |                 |                  | —    |                   |                 | —  | %           |
|                                                                                           |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                 |
| Total                                                                                     |  |                            |  |                            |  |                      |                 | 4,040,875   |                  |                 | 386,671     |                 |                   | 0.15       | %             |
| 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  |                 |                  | $               | 28,440,826   |                 |               | 11.25  | %          |

----

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    |               |                | $                 | 960,198  |               |              | 0.38  | % |
| Common shares                                                 |  |                           |  | 4/15/2014          |  | 100,000         |                   |                 | 10,000       |                   |               | —   |                   |               | —  | %            |
| Total                                                         |  |                           |  |                            |  |                      |                   | 7,161,412  |                   |                   | 960,198  |                |                   | 0.38     | %             |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                   |               |                |
| Total Controlled                                              |  |                           |  |                            |  |                      |                   | $               | 7,161,412    |                   |               | $              | 960,198      |               |               | 0.38    | %          |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                   |               |                |
| Total Portfolio Investments                                   |  |                           |  |                            |  |                      |                   | $               | 159,457,364  |                   |               | $              | 215,446,200  |               |               | 85.25   | %          |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                   |               |                |
| U.S. Treasury                                                 |  |                           |  |                            |  |                      |                   |                 |                   |                   |               |                |
| U.S. Treasury bill, 0%, due 10/1/2020***(3)           |  |                           |  | 9/30/2020          |  | $                    | 150,000,000  |                 |                   | 149,999,917  |               |                | 150,000,000  |               |               | 59.36   | %          |
|                                                               |  |                           |  |                            |  |                      |                   |                 |                   |                   |               |                |
| TOTAL INVESTMENTS                                             |  |                           |  |                            |  |                      |                   | $               | 309,457,281  |                   |               | $              | 365,446,200  |               |               | 144.61  | %          |

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|                                                          |  |                            |  |                            |  |                      |                 |                 |                  |                  |                 |                  |                   |                  |               |               |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|-----------------|-----------------|------------------|------------------|-----------------|------------------|-------------------|------------------|---------------|---------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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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|                                |                    |               |                   |               |   |              |  |  |  |  |  |
|--------------------------------|--------------------|---------------|-------------------|---------------|---|--------------|--|--|--|--|--|
|                                | September 30, 2020 |               | December 31, 2019 |
| Deferred credit facility costs | $                  | 11,382   |                   |               | $ | 11,382  |  |
| Deferred offering costs        | 284,816       |               |                   | —  |   |
| Deferred Financing Costs       | $                  | 296,198  |                   |               | $ | 11,382  |  |

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|                                     |                    |                   |                   |                   |                         |                   |            |   |             |                   |                         |   |                   |  |  |               |                   |  |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|--------------------|-------------------|-------------------|-------------------|-------------------------|-------------------|------------|---|-------------|-------------------|-------------------------|---|-------------------|--|--|---------------|-------------------|--|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                     | September 30, 2020 |                   | December 31, 2019 |
|                                     | Cost               |                   | Fair Value        |                   | Percentage ofNet Assets |                   | Cost       |   | Fair Value  |                   | Percentage ofNet Assets |
| Private Portfolio Companies         |                    |                   |                   |                   |                         |                   |            |   |             |                   |                         |
| Preferred Stock                     | $                  | 77,832,023   |                   |                   | $                       | 132,071,471  |            |   | 52.3   | %                 |                         | $ | 73,557,331   |  |  | $             | 125,448,358  |  |  | 62.8   | % |
| Common Stock                        | 45,794,814    |                   |                   | 23,871,300   |                         |                   | 9.4   | % |             | 63,425,065   |                         |   | 59,209,559   |  |  | 29.6     | %                 |
| Debt Investments                    | 11,964,165    |                   |                   | 8,224,227    |                         |                   | 3.3   | % |             | 4,838,415    |                         |   | 1,644,155    |  |  | 0.8      | %                 |
| Options                             | 8,764,885     |                   |                   | 4,617,151    |                         |                   | 1.8   | % |             | 8,764,885    |                         |   | 5,283,506    |  |  | 2.6      | %                 |
| Private Portfolio Companies         | 144,355,887   |                   |                   | 168,784,149  |                         |                   | 66.8  | % |             | 150,585,696  |                         |   | 191,585,578  |  |  | 95.8     | %                 |
| Publicly Traded Portfolio Companies |                    |                   |                   |                   |                         |                   |            |   |             |                   |                         |
| Common Stock                        | 15,101,477    |                   |                   | 46,662,051   |                         |                   | 18.5  | % |             | —      |                         |   | —      |  |  | —  | %                 |
| Total Portfolio Investments         | 159,457,364   |                   |                   | 215,446,200  |                         |                   | 85.3  | % |             | 150,585,696  |                         |   | 191,585,578  |  |  | 95.8     | %                 |
| Non-Portfolio Investments           |                    |                   |                   |                   |                         |                   |            |   |             |                   |                         |
| U.S. Treasury bill                  | 149,999,917   |                   |                   | 150,000,000  |                         |                   | 59.3  | % |             | 49,996,667   |                         |   | 50,000,000   |  |  | 25.0     | %                 |
| Total Investments                   | $                  | 309,457,281  |                   |                   | $                       | 365,446,200  |            |   | 144.6  | %                 |                         | $ | 200,582,363  |  |  | $             | 241,585,578  |  |  | 120.8  | % |

|                   |                          |                   |                         |           |                         |   |            |            |                        |                 |                         |                   |           |   |             |           |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|--------------------------|-------------------|-------------------------|-----------|-------------------------|---|------------|------------|------------------------|-----------------|-------------------------|-------------------|-----------|---|-------------|-----------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                   | As of September 30, 2020 |                   | As of December 31, 2019 |
|                   | Fair Value               |                   | Percentage ofPortfolio  |           | Percentage ofNet Assets |   | Fair Value |            | Percentage ofPortfolio |                 | Percentage ofNet Assets |
| Geographic Region |                          |                   |                         |           |                         |   |            |            |                        |                 |                         |
| West              | $                        | 199,366,432  |                         |           | 92.5               | % |            | 78.9  | %                      |                 | $                       | 176,331,572  |           |   | 92.0   | %         |   | 88.2  | % |
| Northeast         | 12,196,472          |                   |                         | 5.7  | %                       |   | 4.8   | %          |                        | 7,847,769  |                         |                   | 4.1  | % |             | 3.9  | % |
| Mid-west          | 3,883,296           |                   |                         | 1.8  | %                       |   | 1.6   | %          |                        | 7,406,237  |                         |                   | 3.9  | % |             | 3.7  | % |
|                   |                          |                   |                         |           |                         |   |            |            |                        |                 |                         |
| Total             | $                        | 215,446,200  |                         |           | 100.0              | % |            | 85.3  | %                      |                 | $                       | 191,585,578  |           |   | 100.0  | %         |   | 95.8  | % |

----

TABLE OF CONTENTS

|                      |                          |                   |                         |            |                         |   |            |            |                        |                  |                         |                   |            |   |             |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------|--------------------------|-------------------|-------------------------|------------|-------------------------|---|------------|------------|------------------------|------------------|-------------------------|-------------------|------------|---|-------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                      | As of September 30, 2020 |                   | As of December 31, 2019 |
|                      | Fair Value               |                   | Percentage ofPortfolio  |            | Percentage ofNet Assets |   | Fair Value |            | Percentage ofPortfolio |                  | Percentage ofNet Assets |
| Industry             |                          |                   |                         |            |                         |   |            |            |                        |                  |                         |
| Education Technology | $                        | 95,773,772   |                         |            | 44.5               | % |            | 37.9  | %                      |                  | $                       | 82,578,640   |            |   | 43.1   | %          |   | 41.3  | % |
| Big Data/Cloud   | 55,246,708          |                   |                         | 25.6  | %                       |   | 21.9  | %          |                        | 31,582,084  |                         |                   | 16.5  | % |             | 15.8  | % |
| Financial Technology | 23,706,741          |                   |                         | 11.0  | %                       |   | 9.4   | %          |                        | 26,754,801  |                         |                   | 14.0  | % |             | 13.4  | % |
| Social/Mobile    | 20,922,463          |                   |                         | 9.7   | %                       |   | 8.3   | %          |                        | 26,573,046  |                         |                   | 13.8  | % |             | 13.3  | % |
| Marketplaces         | 18,836,318          |                   |                         | 8.7   | %                       |   | 7.5   | %          |                        | 23,321,809  |                         |                   | 12.2  | % |             | 11.6  | % |
| Sustainability       | 960,198             |                   |                         | 0.5   | %                       |   | 0.3   | %          |                        | 775,198     |                         |                   | 0.4   | % |             | 0.4   | % |
| Total                | $                        | 215,446,200  |                         |            | 100.0              | % |            | 85.3  | %                      |                  | $                       | 191,585,578  |            |   | 100.0  | %          |   | 95.8  | % |

|                      |  |                             |  |  |  |  |  |  |
|----------------------|--|-----------------------------|--|--|--|--|--|--|
| 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 September 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                     | $                                                                    | —      |                                                 |                  | $                                           | —     |                   |  | $ | 132,071,471  |  |  | $ | 132,071,471  |  |
| Common Stock                        | —                                                         |                   |                                                 | —     |                                             |                  | 23,871,300   |  |   | 23,871,300   |  |
| Debt Investments                    | —                                                         |                   |                                                 | —     |                                             |                  | 8,224,227    |  |   | 8,224,227    |  |
| Options                             | —                                                         |                   |                                                 | —     |                                             |                  | 4,617,151    |  |   | 4,617,151    |  |
| Private Portfolio Companies         | —                                                         |                   |                                                 | —     |                                             |                  | 168,784,149  |  |   | 168,784,149  |  |
| Publicly Traded Portfolio Companies |                                                                      |                   |                                                 |                  |                                             |                  |                   |
| Common Stock                        | —                                                         |                   |                                                 | 46,662,051  |                                             |                  | —      |  |   | 46,662,051   |  |
| Total Portfolio Investments         | —                                                         |                   |                                                 | 46,662,051  |                                             |                  | 168,784,149  |  |   | 215,446,200  |  |
| Non-Portfolio Investments           |                                                                      |                   |                                                 |                  |                                             |                  |                   |
| U.S. Treasury bills                 | 150,000,000                                                     |                   |                                                 | —     |                                             |                  | —      |  |   | 150,000,000  |  |
| Total Investments at Fair Value     | $                                                                    | 150,000,000  |                                                 |                  | $                                           | 46,662,051  |                   |  | $ | 168,784,149  |  |  | $ | 365,446,200  |  |

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

----

TABLE OF CONTENTS

|                                     |                      |                                           |                            |                            |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|----------------------|-------------------------------------------|----------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|
| Asset                               | Fair Value           | ValuationApproach/​Technique(1) | Unobservable Inputs(2)     | Range(Weighted Average)(3) |
| Common stock inprivate companies    | $23,871,300          | Market approach                           | AFFO(4) multiple           | 23.57x - 23.57x (23.57x)   |
| Revenue multiples                   | 2.06x -6.27x (5.62x) |
| Liquidation value                   | N/A              |
| Discounted cash flow                | Discount rate        | 12.0% (12.0%)                             |
|                                     |                      |
| Preferred stock inprivate companies | $132,071,471         | Market approach                           | Revenue multiples          | 0.91x - 3.84x (2.19x)      |
| Precedenttransactions               | N/A              |
| Discounted cash flow                | Discount rate        | 12.0% (12.0%)                             |
|                                     |                      |
| PWERM(5)                            | Revenue multiples    | 0.99x - 2.99x (1.98x)                     |
| Precedent transactions              | N/A              |
| Debt investments                    | $8,224,227           | Market approach                           | Revenue multiples          | 2.06x - 2.88x (2.24x)      |
| PWERM(5)                            | Revenue multiples    | N/A                                   |
| Liquidation value                   | N/A              |
| Options                             | $4,617,151           | Option pricing model                      | Term to expiration (Years) | 0.51 - 7.55 (4.67)         |
| Volatility                          | 34% - 52% (37%)      |
| Discounted cash flow                | Discount Rate        | 12.0% (12.0%)                             |

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TABLE OF CONTENTS

|                                     |                       |                                           |                            |                            |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|-----------------------|-------------------------------------------|----------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|
| Asset                               | Fair Value            | ValuationApproach/​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

|                                                                                                                      |                                      |                  |                |                 |                 |                   |                 |  |         |                 |              |  |                  |                 |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------------|--------------------------------------|------------------|----------------|-----------------|-----------------|-------------------|-----------------|--|---------|-----------------|--------------|--|------------------|-----------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                      | Nine Months Ended September 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  |  |
| Transfers out of Level 3                                                                                        | (57,736,900)                         |                  |                | —    |                 |                   | —         |  | — |                 | (57,736,900) |  |
| Purchases, capitalized fees, and interest                                                                            | (3,912)                              |                  |                | 7,994,484  |                 |                   | 7,406,940  |  |         | —    |              |  | 15,397,512  |                 |
| Sales/Maturity of investments                                                                                    | (807,953)                            |                  |                | (10,876,621)    |                 |                   | —    |  |         | —    |              |  | (11,684,574)     |                 |
| Exercises and conversions(1)                                                                                         | —                         |                  |                | 281,190    |                 |                   | (281,190)       |  |         | —    |              |  | —     |                 |
|                                                                                                                      |                                      |                  |                |                 |                 |                   |                 |  |         |
| Realized gains                                                                                                       | (628,450)                            |                  |                | 6,875,639  |                 |                   | —    |  |         | —    |              |  | 6,247,189   |                 |
| Net change in unrealized appreciation/​(depreciation) included in earnings                                 | 23,838,956                      |                  |                | 2,348,421  |                 |                   | (545,678)       |  |         | (666,355)       |              |  | 24,975,344  |                 |
| Fair Value as of September 30, 2020                                                                                  | $                                    | 23,871,300  |                |                 | $               | 132,071,471  |                 |  | $       | 8,224,227  |              |  | $                | 4,617,151  |  |  | $ | 168,784,149  |  |
| Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held as of September 30, 2020 | $                                    | (3,730,766)      |                |                 | $               | 9,237,222    |                 |  | $       | (505,703)       |              |  | $                | (666,355)       |  |  | $ | 4,334,398    |  |

|                                                  |  |                             |  |                                                                                                           |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|-----------------------------|--|-----------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                |  | Conversion from             |  | Conversion to                                                                                             |
|                                                  |  |                             |  |                                                                                                           |
| Neutron Holdings, Inc. (d/b/a/ Lime) |  | Preferred shares, Series D  |  | Junior Preferred shares, Series 1-DCommon warrants, Strike price $0.01, Expiration Date 5/11/2027 |
| Aspiration Partners, Inc.                        |  | Convertible Promissory Note |  | Preferred shares, Series C-3                                                                              |
| Palantir Technologies, Inc.                      |  | Common shares, Class A      |  | Public Common shares (Level 2)                                                                            |
|                                                  |  |                             |  |                                                                                                           |

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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 September 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  |                                                     |  |               |               |                            | $             | —                 |               |                                  |               |                        | $             | —  |               |               | $             | 185,000  |               |            | $             | 960,198  |               |            | 0.38  | %          |
| Total Preferred Stock                                                                                             |  |                        |                 | 200,000                                  |               |                                 | 775,198    |               |                 |               |                                                     |  | —  |               |                            |               |                              | —  |                                  |               | 185,000           |               |               | 960,198  |               |               | 0.38     | %             |
| 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    |               |                                                     |  |               |               | $                          | —  |                              |               |                                  |               | $                      | —  |               |               | $             | 185,000  |               |               | $          | 960,198  |               |               | 0.38  | %          |
| 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  |            |            | 0.12  | % |
| 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  |               |               | 0.20  | %             |
| Total Debt Investments                                                                                            |  |                        |                 | (29,184)                                      |               |                                 | 1,322,987  |               |                 |               |                                                     |  | —  |               |                            |               |                              | —  |                                  |               | (505,099)              |               |               | 817,888  |               |               | 0.32     | %             |
| Preferred Stock                                                                                                   |  |                        |                 |                                               |               |                                 |                 |               |                 |               |                                                     |  |               |               |                            |               |                              |               |                                  |               |                        |
| Corporate Education                                                                                               |  |                        |                 |                                               |               |                                 |                 |               |                 |               |                                                     |  |               |               |                            |               |                              |               |                                  |               |                        |
| CUX, Inc. (d/b/a CorpU)–Convertible preferred shares, Series D 6%                              |  | 169,033           |                 |                                               | —  |                                 |                 | 34,980   |                 |               |                                                     |  |               | —  |                            |               |                              |               | —                     |               |                        | 38,902   |               |               | 73,882   |               |               | 0.03     | %          |
| CUX, Inc. (d/b/a CorpU) -Convertible preferred shares, Series C 8%                                   |  | 615,763           |                 |                                               | —  |                                 |                 | —  |                 |               |                                                     |  |               | —  |                            |               |                              |               | —                     |               |                        | —  |               |               | —  |               |               | —  | %          |
| Total Corporate Education                                                                                         |  |                        |                 | —                                  |               |                                 | 34,980     |               |                 |               |                                                     |  | —  |               |                            |               |                              | —  |                                  |               | 38,902            |               |               | 73,882   |               |               | 0.03     | %             |

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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 September 30, 2020 |  | Percentageof NetAssets |
| 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%                                                                                   |  | 683,482           |  |                                               | —  |                                 |                  | 2,970,252  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (980,183)     |               |                  | 1,990,069  |   |               | 0.79     | % |
| OzyMedia, Inc.–Preferred shares, Series B 6%                                                                                     |  | 922,509           |  |                                               | —  |                                 |                  | 5,001,420  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (1,650,468)   |               |                  | 3,350,952  |   |               | 1.33     | % |
| OzyMedia, Inc.–Preferred shares, Series A 6%                                                                                     |  | 1,090,909         |  |                                               | —  |                                 |                  | 4,528,107  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (1,494,275)   |               |                  | 3,033,832  |   |               | 1.20     | % |
| OzyMedia, Inc.–Preferred shares, Series Seed 6%                                                                                  |  | 500,000           |  |                                               | —  |                                 |                  | 2,002,143  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (758,199)     |               |                  | 1,243,944  |   |               | 0.49     | % |
| Total Digital Media Platform                                                                                                                |  |                        |  | —                                  |               |                                 | 14,501,922  |                 |   |               |                                                     |  | —  |               |                            |   |                              | —  |                                  |  | (4,883,125)            |               |               | 9,618,797   |                 |   | 3.81     | %             |
| Interactive Learning                                                                                                                        |  |                        |  |                                               |               |                                 |                  |                 |   |               |                                                     |  |               |               |                            |   |                              |               |                                  |  |                        |
| StormWind, LLC–Preferred shares, Series D 8%(5)                                                                                  |  | 329,337           |  |                                               | —  |                                 |                  | 503,120    |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (56,978)      |               |                  | 446,142    |   |               | 0.18     | % |
| StormWind, LLC–Preferred shares, Series C 8%(5)                                                                                  |  | 2,779,134         |  |                                               | —  |                                 |                  | 5,391,000  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (534,041)     |               |                  | 4,856,959  |   |               | 1.92     | % |
| StormWind, LLC–Preferred shares, Series B 8%(5)                                                                                  |  | 3,279,629         |  |                                               | —  |                                 |                  | 3,248,804  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (567,403)     |               |                  | 2,681,401  |   |               | 1.06     | % |
| StormWind, LLC–Preferred shares, Series A 8%(5)                                                                                  |  | 366,666           |  |                                               | —  |                                 |                  | 157,949    |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (63,436)      |               |                  | 94,513     |   |               | 0.04     | % |
| Total Interactive Learning                                                                                                                  |  |                        |  | —                                  |               |                                 | 9,300,873   |                 |   |               |                                                     |  | —  |               |                            |   |                              | —  |                                  |  | (1,221,858)            |               |               | 8,079,015   |                 |   | 3.20     | %             |
| Total Preferred Stock                                                                                                                       |  |                        |  | —                                  |               |                                 | 23,837,775  |                 |   |               |                                                     |  | —  |               |                            |   |                              | —  |                                  |  | (6,066,081)            |               |               | 17,771,694  |                 |   | 7.03     | %             |
| Options                                                                                                                                     |  |                        |  |                                               |               |                                 |                  |                 |   |               |                                                     |  |               |               |                            |   |                              |               |                                  |  |                        |
| Digital Media Platform                                                                                                                      |  |                        |  |                                               |               |                                 |                  |                 |   |               |                                                     |  |               |               |                            |   |                              |               |                                  |  |                        |
| OzyMedia, Inc.–Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                                                  |  | 295,565           |  |                                               | —  |                                 |                  | 1,182,260  |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (481,771)     |               |                  | 700,489    |   |               | 0.28     | % |
| 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     |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (12,187)      |               |                  | 8,438      |   |               | 0.00     | % |
| 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    |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (62,500)      |               |                  | 72,500     |   |               | 0.03     | % |
| 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     |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | (30,000)      |               |                  | 32,500     |   |               | 0.01     | % |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 11/29/2021  |  | 100,000           |  |                                               | —  |                                 |                  | —    |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | —  |               |                  | —    |   |               | —  | % |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022   |  | 125,000           |  |                                               | —  |                                 |                  | —    |   |               |                                                     |  |               | —  |                            |   |                              |               | —                     |  |                        | —  |               |                  | —    |   |               | —  | % |

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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 September 30, 2020 |  | Percentageof NetAssets |
| 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  |                  |             |                                                     |  |               | —  |                            |               |                              |               | —                     |  |                        | (1,768,179)   |               |                 | 2,112,442  |             |             | 0.84     | % |
| Total Global Innovation Platform                                                                                                           |  |                        |  | —                                  |               |                                 | 4,101,246  |                 |                  |             |                                                     |  | —  |               |                            |               |                              | —  |                                  |  | (1,869,241)            |               |               | 2,232,005  |                 |             | 0.88   | %             |
| Total Options                                                                                                                              |  |                        |  | —                                  |               |                                 | 5,283,506  |                 |                  |             |                                                     |  | —  |               |                            |               |                              | —  |                                  |  | (2,351,012)            |               |               | 2,932,494  |                 |             | 1.16   | %             |
| Common Stock                                                                                                                               |  |                        |  |                                               |               |                                 |                 |                 |                  |             |                                                     |  |               |               |                            |               |                              |               |                                  |  |                        |
| Online Education                                                                                                                           |  |                        |  |                                               |               |                                 |                 |                 |                  |             |                                                     |  |               |               |                            |               |                              |               |                                  |  |                        |
| Curious.com, Inc.–Common shares                                                                                                      |  | 1,135,944         |  |                                               | —  |                                 |                 | —    |                  |             |                                                     |  |               | —  |                            |               |                              |               | —                     |  |                        | —  |               |                 | —    |             |             | —  | % |
| Cannabis REIT                                                                                                                              |  |                        |  |                                               |               |                                 |                 |                 |                  |             |                                                     |  |               |               |                            |               |                              |               |                                  |  |                        |
| GreenAcreage Real Estate Corp. -Common shares***(7)                                                                                        |  | 375,000           |  |                                               | 180,000  |                                 |                 | 7,500,000  |                  |             |                                                     |  |               | —  |                            |               |                              |               | —                     |  |                        | (581,250)     |               |                 | 6,918,750  |             |             | 2.74     | % |
|                                                                                                                                            |  |                        |  |                                               |               |                                 |                 |                 |                  |             |                                                     |  |               |               |                            |               |                              |               |                                  |  |                        |
|                                                                                                                                            |  |                        |  |                                               |               |                                 |                 |                 |                  |             |                                                     |  |               |               |                            |               |                              |               |                                  |  |                        |
| Total Common Stock                                                                                                                         |  |                        |  | 180,000                                  |               |                                 | 7,500,000  |                 |                  |             |                                                     |  | —  |               |                            |               |                              | —  |                                  |  | (581,250)              |               |               | 6,918,750  |                 |             | 2.74   | %             |
| TOTAL NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                                                         |  |                        |  | $                                             | 150,816  |                                 |                 | $               | 37,944,268  |             |                                                     |  |               |               | $                          | —  |                              |               |                                  |  | $                      | —  |               |                 | $               | (9,503,442) |             |               | $ | 28,440,826  |             |  | 11.25  | %          |

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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

|                                                                                                                      |  |                        |                 |                                               |               |                                |                 |               |                  |   |                                                     |               |               |               |                            |               |                              |           |                                 |               |                        |               |                 |                 |                 |               |                 |               |               |               |   |  |   |               |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------------|--|------------------------|-----------------|-----------------------------------------------|---------------|--------------------------------|-----------------|---------------|------------------|---|-----------------------------------------------------|---------------|---------------|---------------|----------------------------|---------------|------------------------------|-----------|---------------------------------|---------------|------------------------|---------------|-----------------|-----------------|-----------------|---------------|-----------------|---------------|---------------|---------------|---|--|---|---------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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           |               |                 | —    |                 |               | —    | %             |
| EdSurge, Inc.–Preferred shares, Series A                                                                  |  | —           |                 |                                               | —       |                                | 269,848    |               |                  |   | —                                        |               |               | —       |                            |               |                              | (500,801) |                                 |               | 230,953           |               |                 | —    |                 |               | —    | %             |
| Total Education Media Platform                                                                                       |  |                        |                 | —                                  |               |                                | 519,848    |               |                  |   | —                                        |               |               | —  |                            |               |                              |           | (1,002,161)                     |               |                        | 482,313  |                 |                 | —    |               |                 | —  | %             |

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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 |
| 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       | % |
| 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    | %             |

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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 |
| 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  | %             |
| Common Stock                                                                                                                                   |  |                        |  |                                               |               |                                |               |               |                  |              |                                                     |               |  |              |                            |  |                              |         |                                 |               |                        |
| Online Education                                                                                                                               |  |                        |  |                                               |               |                                |               |               |                  |              |                                                     |               |  |              |                            |  |                              |         |                                 |               |                        |
| Curious.com, Inc.–Common shares                                                                                                          |  | 1,135,944         |  |                                               | —  |                                |               | —  |                  |              |                                                     | —  |  |              | —               |  |                              |         |                                 | —  |                        |             | —    |                 |                 | —    |            |            | —  | % |

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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 |
| 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 September 30, |                  | Nine Months Ended September 30, |                  |      |                 |                  |
| Earnings per common share–basic:                                             | 2020                             |                  | 2019                            |                  | 2020 |                 | 2019             |  |   |                  |  |  |   |
| Net change in net assets resulting from operations                                | $                                | 15,919,941  |                                 |                  | $    | 5,261,452  |                  |  | $ | 14,058,514  |  |  | $ | 21,745,460  |  |  |  |  |  |  |  |
| Weighted-average common shares–basic                                             | 17,795,538                  |                  |                                 | 19,472,785  |      |                 | 17,208,723  |  |   | 19,650,651  |  |  |   |                  |  |  |  |
| Earnings per common share–basic                                                  | $                                | 0.89        |                                 |                  | $    | 0.27       |                  |  | $ | 0.82        |  |  | $ | 1.11        |  |  |  |  |  |  |  |
| Earnings per common share–diluted:                                           |                                  |                  |                                 |                  |      |                 |                  |  |   |                  |  |  |   |
| Net change in net assets resulting from operations                                | $                                | 15,919,941  |                                 |                  | $    | 5,261,452  |                  |  | $ | 14,058,514  |  |  | $ | 21,745,460  |  |  |  |  |  |  |  |
|                                                                                        |                                  |                  |                                 |                  |      |                 |                  |  |   |                  |  |  |   |
| Adjustment for interest and amortization on 4.75% Convertible Senior Notes due 2023(1) | 552,555                     |                  |                                 | 568,040     |      |                 | 1,690,577   |  |   | 1,701,084   |  |  |   |                  |  |  |  |
| Net change in net assets resulting from operations, as adjusted                        | $                                | 16,472,496  |                                 |                  | $    | 5,829,492  |                  |  | $ | 15,749,091  |  |  | $ | 23,446,544  |  |  |  |  |  |  |  |
|                                                                                        |                                  |                  |                                 |                  |      |                 |                  |  |   |                  |  |  |   |
| Adjustment for dilutive effect of 4.75% Convertible Senior Notes due 2023(1)           | 3,802,865                   |                  |                                 | 3,731,344   |      |                 | 3,879,203   |  |   | 3,731,344   |  |  |   |                  |  |  |  |
| Weighted-average common shares outstanding–diluted                               | 21,598,403                  |                  |                                 | 23,204,129  |      |                 | 21,087,926  |  |   | 23,381,995  |  |  |   |                  |  |  |  |
| Earnings per common share–diluted                                                | $                                | 0.76        |                                 |                  | $    | 0.25       |                  |  | $ | 0.75        |  |  | $ | 1.00        |  |  |  |  |  |  |  |

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|                                  |               |               |  |  |  |
|----------------------------------|---------------|---------------|--|--|--|
| For the Years Ended December 31, | Amount        |
|                                  |               |
| 2020                             | $             | 44,177   |  |
| 2021                             | 179,800  |               |
| 2022                             | 185,194  |               |
| 2023                             | 190,750  |               |
| 2024                             | 113,604  |               |
|                                  | $             | 713,525  |  |

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|                                                                              |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------|--|----------------------------------|-------------------|---------------------------------|------------------|------|-------------------|------------------|---|---|-------------------|---|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                              |  | Three Months Ended September 30, |                   | Nine Months Ended September 30, |                  |
|                                                                              |  | 2020                             |                   | 2019                            |                  | 2020 |                   | 2019             |   |   |                   |   |  |   |                   |  |  |
| Per Basic Share Data                                                         |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
| Net asset value at beginning of the period                                   |  | $                                | 11.84        |                                 |                  | $    | 10.75        |                  |   | $ | 11.38        |   |  | $ | 9.89         |  |  |  |  |  |  |  |  |  |  |
| Net investment loss(1)                                                       |  | (0.15)                           |                   |                                 | (0.24)           |      |                   | (0.60)           |   |   | (0.35)            |   |  |   |                   |  |  |  |  |  |  |
| Net realized gain on investments(1)                                          |  | 0.13                        |                   |                                 | 0.09        |      |                   | 0.54        |   |   | 0.57         |   |  |   |                   |  |  |  |  |  |  |
|                                                                              |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
|                                                                              |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
| Net change in unrealized appreciation/(depreciation) of investments(1)   |  | 0.91                        |                   |                                 | 0.42        |      |                   | 0.87        |   |   | 0.84         |   |  |   |                   |  |  |  |  |  |  |
| Provision for taxes on unrealized appreciation of investments(1)             |  | —                     |                   |                                 | —     |      |                   | —     |   |   | 0.05         |   |  |   |                   |  |  |  |  |  |  |
|                                                                              |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
| Dividends declared                                                           |  | (0.40)                           |                   |                                 | —     |      |                   | (0.40)           |   |   | —      |   |  |   |                   |  |  |  |  |  |  |
| Issuance of common stock from public offering                                |  | 0.24                        |                   |                                 | —     |      |                   | 0.30        |   |   | —      |   |  |   |                   |  |  |  |  |  |  |
| Deferred offering costs                                                      |  | —                     |                   |                                 | —     |      |                   | —     |   |   | —      |   |  |   |                   |  |  |  |  |  |  |
| Issuance of common stock from conversion of 4.75% Convertible Notes due 2023 |  | (0.11)                           |                   |                                 | —     |      |                   | (0.11)           |   |   | —      |   |  |   |                   |  |  |  |  |  |  |
| Repurchases of common stock(1)                                               |  | —                     |                   |                                 | 0.14        |      |                   | 0.36        |   |   | 0.17         |   |  |   |                   |  |  |  |  |  |  |
| Stock-based compensation(1)                                                  |  | —                     |                   |                                 | 0.08        |      |                   | 0.12        |   |   | 0.07         |   |  |   |                   |  |  |  |  |  |  |
| Net asset value at end of period                                             |  | $                                | 12.46        |                                 |                  | $    | 11.24        |                  |   | $ | 12.46        |   |  | $ | 11.24        |  |  |  |  |  |  |  |  |  |  |
| Per share market value at end of period                                      |  | $                                | 10.56        |                                 |                  | $    | 6.24         |                  |   | $ | 10.56        |   |  | $ | 6.24         |  |  |  |  |  |  |  |  |  |  |
| Total return based on market value(2)                                        |  | 24.68                       | %                 |                                 | (2.50)           | %    |                   | 61.22       | % |   | 19.54        | % |  |   |                   |  |  |  |  |  |  |
| Total return based on net asset value(2)                                     |  | 5.24                        | %                 |                                 | 4.56        | %    |                   | 9.49        | % |   | 13.65        | % |  |   |                   |  |  |  |  |  |  |
| Shares outstanding at end of period                                          |  | 20,284,811                  |                   |                                 | 19,041,519  |      |                   | 20,284,811  |   |   | 19,041,519   |   |  |   |                   |  |  |  |  |  |  |
| Ratios/Supplemental Data:                                            |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
| Net assets at end of period                                                  |  | $                                | 252,712,769  |                                 |                  | $    | 213,949,030  |                  |   | $ | 252,712,769  |   |  | $ | 213,949,030  |  |  |  |  |  |  |  |  |  |  |
| Average net assets                                                           |  | $                                | 205,006,043  |                                 |                  | $    | 215,020,159  |                  |   | $ | 191,342,719  |   |  | $ | 207,111,511  |  |  |  |  |  |  |  |  |  |  |
| Ratio of gross operating expenses to average net assets(3)                   |  | 5.81                        | %                 |                                 | 7.45        | %    |                   | 7.45        | % |   | 6.08         | % |  |   |                   |  |  |  |  |  |  |
|                                                                              |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
|                                                                              |  |                                  |                   |                                 |                  |      |                   |                  |   |   |                   |   |  |   |                   |  |  |
| Ratio of income tax provision to average net assets                          |  | —                     | %                 |                                 | —     | %    |                   | —     | % |   | (0.43)            | % |  |   |                   |  |  |  |  |  |  |
| Ratio of net operating expenses to average net assets(3)                     |  | 5.81                        | %                 |                                 | 7.45        | %    |                   | 7.45        | % |   | 5.65         | % |  |   |                   |  |  |  |  |  |  |
| Ratio of net investment income/(loss) to average net assets(3)           |  | (5.02)                           | %                 |                                 | (8.77)           | %    |                   | (6.82)           | % |   | (4.46)            | % |  |   |                   |  |  |  |  |  |  |
| Portfolio Turnover Ratio                                                     |  | 1.37                        | %                 |                                 | 4.80        | %    |                   | 8.04        | % |   | 12.72        | % |  |   |                   |  |  |  |  |  |  |

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|                                                                               |                    |                  |                   |  |   |                  |  |  |  |  |  |
|-------------------------------------------------------------------------------|--------------------|------------------|-------------------|--|---|------------------|--|--|--|--|--|
| ​                                                                       | September 30, 2020 |                  | December 31, 2019 |
| Initial aggregate principal amount of 4.75% Convertible Senior Notes due 2023 | $                  | 40,000,000  |                   |  | $ | 40,000,000  |  |
| Conversion of 4.75% Convertible Senior Notes due 2023                         | $                  | (1,780,000)      |                   |  | $ | —     |  |
| Direct deduction of deferred debt issuance costs                              | $                  | (914,392)        |                   |  | $ | (1,196,365)      |  |
| 4.75% Convertible Senior Notes due 2023 Payable                               | $                  | 37,305,608  |                   |  | $ | 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  |  |
| Cancelled                                      | (1,155,000)      |  |                                 | $ | 6.57                              |  |  | $ | 2.57  |  |
| Outstanding as of September 30, 2020           | —     |  |                                 |   |                                        |  |

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|                                                 |                             |  |  |  |  |
|-------------------------------------------------|-----------------------------|--|--|--|--|
|                                                 | Number of Restricted Shares |
| Outstanding as of December 31, 2019             | —                |  |
| Granted                                         | 21,760                 |  |
| Exercised                                       | —                |  |
| Forfeited                                       | —                |  |
| Expired                                         | —                |  |
| Outstanding as of September 30, 2020            | 21,760                 |  |
| Vested and Exercisable as of September 30, 2020 | —                |  |

|                                 |  |                  |  |                                               |  |               |  |                            |   |              |                  |                         |   |                 |                 |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------|--|------------------|--|-----------------------------------------------|--|---------------|--|----------------------------|---|--------------|------------------|-------------------------|---|-----------------|-----------------|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company               |  | Transaction Date |  | Investment                                    |  | Shares        |  | Average Net Share Price(1) |   | Net Proceeds |                  | Realized Gain or Income |
| Palantir Technologies, Inc.(2)  |  | Various          |  | Common shares, Class A                        |  | 754,738  |  |                            | $ | 10.04   |                  |                         | $ | 7,576,968  |                 |  | $ | 5,388,228  |  |
| Palantir Lending Trust SPV I(3) |  | Various          |  | Collateralized Loan 15% due 6/19/2022 |  | N/A       |  | N/A                    |   | $            | 6,609,813   |                         |   | $               | 376,625    |  |
| Palantir Lending Trust SPV I(4) |  | Various          |  | Equity Participation in Underlying Collateral |  | N/A       |  | N/A                    |   | $            | 790,187     |                         |   | $               | 790,187    |  |
|                                 |  |                  |  |                                               |  |               |  |                            |   |              |                  |                         |
| Total                           |  |                  |  |                                               |  |               |  |                            |   | $            | 14,976,968  |                         |   | $               | 6,555,040  |  |

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|                    |  |                            |  |                    |  |                |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--|----------------------------|--|--------------------|--|----------------|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company  |  | Investment                 |  | Transaction Date   |  | Gross Payments |
| Blink Health, Inc. |  | Preferred Shares, Series A |  | 10/27/2020 |  | $              | 4,999,995  |  |
| Blink Health, Inc. |  | Preferred Shares, Series C |  | 10/27/2020 |  | $              | 4,999,987  |  |
| Total              |  |                            |  |                    |  | $              | 9,999,982  |  |

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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 SPV I                |  | Collateralized Loan         |  | 6/19/2020 |  | 6,870,000  |                  |
| Coursera, Inc.                              |  | Preferred Shares, Series F  |  | 7/15/2020 |  | 2,838,354  |                  |
| Total                                       |  |                             |  |                   |  | $               | 15,214,694  |  |

|                                                       |  |                   |  |                 |  |                             |   |              |                  |                             |   |                  |                 |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|--|-------------------|--|-----------------|--|-----------------------------|---|--------------|------------------|-----------------------------|---|------------------|-----------------|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investment                                  |  | Transaction Date  |  | Shares          |  | Average Net Share Price (1) |   | Net Proceeds |                  | Realized Gain/(Loss)(2) |
| Parchment, Inc.                                       |  | 1/31/2020 |  | 3,200,512  |  |                             | $ | 3.40    |                  |                             | $ | 10,876,621  |                 |  | $ | 6,875,639  |  |
| 4C Insights (f/k/a The Echo Systems Corp.)(3) |  | 7/29/2020 |  | 436,219         |  | 1.85                   |   |              | 807,952     |                             |   | (628,452)        |                 |
| Palantir Technologies, Inc.(4)                        |  | 9/30/2020 |  | 400,000         |  | 10.24                  |   |              | 4,094,909   |                             |   | 3,006,451   |                 |
| Total                                                 |  |                   |  |                 |  |                             |   | $            | 15,779,482  |                             |   | $                | 9,253,638  |  |

|                                              |  |                                                      |  |                   |  |                |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|------------------------------------------------------|--|-------------------|--|----------------|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                            |  | Investment                                           |  | Transaction Date  |  | Gross Payments |
| Neutron Holdings, Inc. (d/b/a Lime)  |  | Preferred Shares, Series D                           |  | 1/25/2019 |  | $              | 10,000,000  |  |
| Aspiration Partners, Inc.                    |  | Convertible Promissory Note 5% Due 1/31/2021 |  | 8/12/2019 |  | $              | 280,000     |  |
| GreenAcreage Real Estate Corp.               |  | Common shares                                        |  | 8/12/2019 |  | $              | 7,500,000   |  |
| Treehouse Real Estate Investment Trust, Inc. |  | Common shares                                        |  | 9/11/2019 |  | $              | 7,500,000   |  |
| Total                                        |  |                                                      |  |                   |  | $              | 25,280,000  |  |

|                              |  |                   |  |               |  |                             |               |               |                  |                             |   |               |                  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------|--|-------------------|--|---------------|--|-----------------------------|---------------|---------------|------------------|-----------------------------|---|---------------|------------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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           |  | 874,990  |  |                             | 22.54    |               |                  | 19,723,591             |   |               | 6,066,664   |  |
| Knewton, Inc.(6)             |  | 5/31/2019 |  | —  |  |                             | —  |               |                  | 51,511                 |   |               | (5,083,701)      |  |
|                              |  |                   |  |               |  |                             |               |               |                  |                             |
|                              |  |                   |  |               |  |                             |               |               |                  |                             |
|                              |  |                   |  |               |  |                             |               |               |                  |                             |
|                              |  |                   |  |               |  |                             |               |               |                  |                             |
| Total                        |  |                   |  |               |  |                             |               | $             | 52,322,735  |                             |   | $             | 11,194,362  |  |

|                                                                         |                                  |                  |                                 |                 |      |                 |                  |  |   |                  |  |  |   |                  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------|----------------------------------|------------------|---------------------------------|-----------------|------|-----------------|------------------|--|---|------------------|--|--|---|------------------|--|--|--|--|--|--|--|--|--|
|                                                                         | Three Months Ended September 30, |                  | Nine Months Ended September 30, |
|                                                                         | 2020                             |                  | 2019                            |                 | 2020 |                 | 2019             |
| Total Investment Income                                                 | $                                | 408,107     |                                 |                 | $    | 380,226    |                  |  | $ | 901,384     |  |  | $ | 1,095,428   |  |
| Interest income                                                         | 284,357                     |                  |                                 | 380,226    |      |                 | 471,384     |  |   | 895,428     |  |
| Dividend income                                                         | 123,750                     |                  |                                 | —    |      |                 | 430,000     |  |   | 200,000     |  |
|                                                                         |                                  |                  |                                 |                 |      |                 |                  |
|                                                                         |                                  |                  |                                 |                 |      |                 |                  |
|                                                                         |                                  |                  |                                 |                 |      |                 |                  |
|                                                                         |                                  |                  |                                 |                 |      |                 |                  |
| Total Operating Expenses                                                | $                                | 2,995,998   |                                 |                 | $    | 5,082,430  |                  |  | $ | 11,161,216  |  |  | $ | 7,983,161   |  |
| 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                     |                  |                                 | 99,620     |      |                 | 333,750     |  |   | 272,120     |  |
| Professional fees                                                       | 714,345                     |                  |                                 | 807,143    |      |                 | 2,532,183   |  |   | 4,179,093   |  |
| Compensation expense                                                    | 1,030,239                   |                  |                                 | 3,070,409  |      |                 | 4,960,679   |  |   | 3,702,517   |  |
| Interest expense                                                        | 555,935                     |                  |                                 | 591,512    |      |                 | 1,697,962   |  |   | 1,795,885   |  |
| Tax expense                                                             | (1,657)                          |                  |                                 | 954        |      |                 | 46,598      |  |   | 34,666      |  |
| Other expenses                                                          | 585,886                     |                  |                                 | 512,792    |      |                 | 1,590,044   |  |   | 1,504,545   |  |
| Net Investment Loss                                                     | $                                | (2,587,891)      |                                 |                 | $    | (4,702,204)     |                  |  | $ | (10,259,832)     |  |  | $ | (6,887,733)      |  |
| Net realized gain on investments                                        | 2,378,390                   |                  |                                 | 1,772,961  |      |                 | 9,332,643   |  |   | 11,297,501  |  |
|                                                                         |                                  |                  |                                 |                 |      |                 |                  |
| Net change in unrealized appreciation/(depreciation) of investments | 16,129,442                  |                  |                                 | 8,190,695  |      |                 | 14,985,703  |  |   | 16,450,126  |  |
| Benefit from taxes on unrealized depreciation of investments            | —                     |                  |                                 | —    |      |                 | —     |  |   | 885,566     |  |
| Net Change in Net Assets Resulting from Operations                      | $                                | 15,919,941  |                                 |                 | $    | 5,261,452  |                  |  | $ | 14,058,514  |  |  | $ | 21,745,460  |  |

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|                                |  |                                                                                                        |                  |                                                       |                           |                                                                                                        |                 |   |                  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------|--|--------------------------------------------------------------------------------------------------------|------------------|-------------------------------------------------------|---------------------------|--------------------------------------------------------------------------------------------------------|-----------------|---|------------------|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company              |  | Net Change in Unrealized Appreciation/(Depreciation) For the Three Months Ended September 30, 2020 |                  | Portfolio Company                                     |                           | Net Change in Unrealized Appreciation/(Depreciation) For the Three Months Ended September 30, 2019 |
| Palantir Technologies, Inc.(1) |  | $                                                                                                      | 17,207,689  |                                                       |                           | Ozy Media, Inc.                                                                                        |                 | $ | 15,923,894  |  |
| Palantir Lending Trust SPV I   |  | 1,684,485                                                                                         |                  |                                                       | Coursera, Inc.            |                                                                                                        | 4,134,653  |   |
| Aspiration Partners, Inc.      |  | (1,385,751)                                                                                            |                  |                                                       | Aspiration Partners, Inc. |                                                                                                        | 1,781,970  |   |
| Course Hero, Inc.              |  | (1,412,210)                                                                                            |                  |                                                       | Enjoy, Inc.               |                                                                                                        | (1,179,097)     |   |
|                                |  |                                                                                                        |                  | A Place for Rover Inc. (f/k/a DogVacay, Inc.) |                           | (1,395,434)                                                                                            |                 |
|                                |  |                                                                                                        |                  | Course Hero, Inc.                                     |                           | (2,795,495)                                                                                            |                 |
|                                |  |                                                                                                        |                  | Dropbox, Inc.(1)                                      |                           | (3,497,620)                                                                                            |                 |
|                                |  |                                                                                                        |                  | Lyft, Inc.                                            |                           | (6,579,582)                                                                                            |                 |
|                                |  |                                                                                                        |                  |                                                       |                           |                                                                                                        |
|                                |  |                                                                                                        |                  |                                                       |                           |                                                                                                        |
|                                |  |                                                                                                        |                  |                                                       |                           |                                                                                                        |
|                                |  |                                                                                                        |                  |                                                       |                           |                                                                                                        |
|                                |  |                                                                                                        |                  |                                                       |                           |                                                                                                        |
| Other(2)                       |  | 35,229                                                                                            |                  |                                                       | Other(2)                  |                                                                                                        | 1,797,406  |   |
| Total                          |  | $                                                                                                      | 16,129,442  |                                                       |                           | Total                                                                                                  |                 | $ | 8,190,695   |  |

|                                                       |  |                                                                                                       |                  |                                              |                                                       |                                                                                                       |                  |   |                  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|--|-------------------------------------------------------------------------------------------------------|------------------|----------------------------------------------|-------------------------------------------------------|-------------------------------------------------------------------------------------------------------|------------------|---|------------------|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                     |  | Net Change in Unrealized Appreciation/(Depreciation) For the Nine Months Ended September 30, 2020 |                  | Portfolio Company                            |                                                       | Net Change in Unrealized Appreciation/(Depreciation) For the Nine Months Ended September 30, 2019 |
| Coursera, Inc.                                        |  | $                                                                                                     | 16,287,974  |                                              |                                                       | Ozy Media, Inc.                                                                                       |                  | $ | 13,401,030  |  |
| Palantir Technologies, Inc.(1)                        |  | 16,168,424                                                                                       |                  |                                              | Declara, Inc.(1)                                      |                                                                                                       | 12,334,151  |   |
| Course Hero, Inc.                                     |  | 6,144,812                                                                                        |                  |                                              | Coursera, Inc.                                        |                                                                                                       | 11,656,879  |   |
| SharesPost, Inc.                                      |  | 2,369,329                                                                                        |                  |                                              | Aspiration Partners, Inc.                             |                                                                                                       | 6,814,794   |   |
| Palantir Lending Trust SPV I                          |  | 1,684,056                                                                                        |                  |                                              | Parchment, Inc.                                       |                                                                                                       | 3,098,469   |   |
| 4C Insights (f/k/a The Echo Systems Corp.)(1) |  | 1,414,905                                                                                        |                  |                                              | Knewton, Inc.(1)                                      |                                                                                                       | 2,979,116   |   |
| StormWind, LLC                                        |  | (1,221,858)                                                                                           |                  |                                              | Enjoy Technology, Inc.                                |                                                                                                       | 2,445,855   |   |
| Enjoy Technology, Inc.                                |  | (1,307,690)                                                                                           |                  |                                              | SharesPost, Inc.                                      |                                                                                                       | 1,896,703   |   |
| Aspiration Partners, Inc.                             |  | (1,334,699)                                                                                           |                  |                                              | Course Hero, Inc.                                     |                                                                                                       | 1,867,480   |   |
| NestGSV, Inc. (d/b/a GSV Labs, Inc.)          |  | (2,374,341)                                                                                           |                  |                                              | Nextdoor.com, Inc.                                    |                                                                                                       | 1,026,754   |   |
| Treehouse Real Estate Investment Trust, Inc.          |  | (3,501,442)                                                                                           |                  |                                              | CUX, Inc. (d/b/a CorpU)                       |                                                                                                       | (1,918,228)      |   |
| Ozy Media, Inc.                                       |  | (5,364,897)                                                                                           |                  |                                              | A Place for Rover Inc. (f/k/a DogVacay, Inc.) |                                                                                                       | (2,433,599)      |   |
| Neutron Holdings, Inc. (d/b/a/ Lime)      |  | (6,515,508)                                                                                           |                  |                                              | Lyft, Inc.                                            |                                                                                                       | (3,161,096)      |   |
| Parchment, Inc.(1)                                    |  | (6,895,603)                                                                                           |                  |                                              | Palantir Technologies, Inc.                           |                                                                                                       | (3,683,785)      |   |
|                                                       |  |                                                                                                       |                  | NestGSV, Inc. (d/b/a GSV Labs, Inc.) |                                                       | (3,749,441)                                                                                           |                  |
|                                                       |  |                                                                                                       |                  | Dropbox, Inc.(1)                             |                                                       | (4,219,119)                                                                                           |                  |
|                                                       |  |                                                                                                       |                  | StormWind, LLC                               |                                                       | (6,015,388)                                                                                           |                  |
|                                                       |  |                                                                                                       |                  | Spotify Technology S.A.(1)                   |                                                       | (16,711,276)                                                                                          |                  |
| Other(2)                                              |  | (567,759)                                                                                             |                  |                                              | Other(2)                                              |                                                                                                       | 820,827     |   |
| Total                                                 |  | $                                                                                                     | 14,985,703  |                                              |                                                       | Total                                                                                                 |                  | $ | 16,450,126  |  |

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|                                                        |  |                    |                   |                   |               |   |                  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|--|--------------------|-------------------|-------------------|---------------|---|------------------|--|--|--|--|--|--|--|--|--|
| Cash Reserves and Liquid Securities                    |  | September 30, 2020 |                   | December 31, 2019 |               |   |
| Cash                                                   |  | $                  | 60,595,499   |                   |               | $ | 44,861,263  |  |  |  |
|                                                        |  |                    |                   |                   |               |   |
|                                                        |  |                    |                   |                   |               |   |
| Securities of publicly traded portfolio companies: |  | ​            |                   | ​           |               |   |
| Unrestricted securities                                |  | 7,170,011     |                   |                   | —  |   |                  |  |
| Subject to other sales restrictions                    |  | 39,492,040    |                   |                   | —  |   |                  |  |
| Securities of publicly traded portfolio companies      |  | 46,662,051    |                   |                   | —  |   |                  |  |
| Total Cash Reserves and Liquid Securities              |  | $                  | 107,257,550  |                   |               | $ | 44,861,263  |  |  |  |

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|                                     |                                       |             |                 |               |                      |             |                      |  |                       |               |  |  |               |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|---------------------------------------|-------------|-----------------|---------------|----------------------|-------------|----------------------|--|-----------------------|---------------|--|--|---------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                                     | Payments Due By Period ( in millions) |
|                                     | Total                                 |             | Less than1 year |               | 1–3 years |             | 3–5 years |  | More than5 years |
| Payable for securities purchased(1) | $                                     | 134.2  |                 |               | $                    | 134.2  |                      |  | $                     | —  |  |  | $             | —  |  |  | $ | —  |  |
|                                     |                                       |             |                 |               |                      |             |                      |  |                       |
| Convertible Senior Notes(2)         | 38.2                             |             |                 | —  |                      |             | 38.2            |  |                       | —  |  |  | —  |               |
| Operating lease liability           | 0.8                              |             |                 | 0.2      |                      |             | 0.4             |  |                       | 0.2      |  |  | —  |               |
| Total                               | $                                     | 173.2  |                 |               | $                    | 134.4  |                      |  | $                     | 38.6     |  |  | $             | 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        |            |
| Fiscal 2020:                              |  |                   |  |                   |  |                  |
|     July 29, 2020(5)      |  | August 11, 2020   |  | August 25, 2020   |  | 0.15        |            |
|     September 25, 2020(6) |  | October 5, 2020   |  | October 20, 2020  |  | 0.25        |            |
| Total                                         |  |                   |  |                   |  | $                | 3.52  |  |

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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              |  | —                     |  |                            | —  |                                                                             |                 | —                                                                              |               |                 | 2,671,455  |   |
| July 1 through July 31, 2020              |  | —                     |  |                            | —       |                                                                             | —    |                                                                                           |               | 2,671,455  |                 |
| August 1 through August 31, 2020          |  | —                     |  |                            | —       |                                                                             | —    |                                                                                           |               | 2,671,455  |                 |
| September 1 through September 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)                                                                                                                                                           |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
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|      |                                                                                                                                                                                                 |
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|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
| 10.1 | Amendment No. 1 to the At-the-Market Sales Agreement, dated as of September 23, 2020, by and among SuRo Capital Corp., BTIG, LLC, JMP Securities LLC, and Ladenburg Thalmann & Co., Inc.(5) |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
|      |                                                                                                                                                                                                 |
| 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: | November 6, 2020 | By: | /s/ Mark D. Klein                                                             |
|           |                  |         | Mark D. Klein                                                                         |
|           |                  |         | President and Chief Executive Officer                                                 |
|           |                  |         | (Principal Executive Officer)                                                         |
|           |                  |         |                                                                                       |
| Date: | November 6, 2020 | By: | /s/ Allison Green                                                             |
|           |                  |         | Allison Green                                                                         |
|           |                  |         | Chief Financial Officer, Chief Compliance Officer, Treasurer, and Corporate Secretary |
|           |                  |         | (Principal Financial and Accounting Officer)                                          |
|           |                  |         |                                                                                       |