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

|                                                            |                                      |  |  |  |  |
|------------------------------------------------------------|--------------------------------------|--|--|--|--|
| Maryland                                                   | 27-4443543                           |
| (State of incorporation)                                   | (I.R.S. Employer Identification No.) |
| 640 Fifth Avenue, 12th Floor, New York, NY                 | 10019                                |
| (Address of principal executive offices)                   | (Zip Code)                           |
|                                                            |                                      |
| (212) 931-6331                                             |
| (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 Global Select Market               |
| 6.00% Notes due 2026                    |  | SSSSL          |  | Nasdaq Global Select Market               |

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

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

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TABLE OF CONTENTS

|                               |                                                                                                                        |      |  |  |  |  |  |  |
|-------------------------------|------------------------------------------------------------------------------------------------------------------------|------|--|--|--|--|--|--|
|                               |                                                                                                                        | PAGE |
| PART I. FINANCIAL INFORMATION |                                                                                                                        |
| Item 1.                  | Condensed Consolidated Financial Statements                                                                            | 1    |
|                               | Condensed Consolidated Statements of Assets and Liabilities as of June 30, 2022 (Unaudited) and December 31, 2021      | 1    |
|                               | Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2022 and 2021 (Unaudited)  | 2    |
|                               | Condensed Consolidated Statements of Changes in Net Assets for the Six Months Ended June 30, 2022 and 2021 (Unaudited) | 3    |
|                               | Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2022 and 2021 (Unaudited)            | 4    |
|                               | Condensed Consolidated Schedule of Investments as of June 30, 2022 (Unaudited)                                         | 5    |
|                               | Condensed Consolidated Schedule of Investments as of December 31, 2021                                                 | 10   |
|                               | Notes to Condensed Consolidated Financial Statements as of June 30, 2022 (Unaudited)                                   | 15   |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                            | 55   |
| Item 3.                       | Quantitative and Qualitative Disclosures About Market Risk                                                             | 68   |
| Item 4.                       | Controls and Procedures                                                                                                | 68   |
| 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                                                                                        | 72   |
| Item 4.                       | Mine Safety Disclosures                                                                                                | 72   |
| Item5.                        | Other Information                                                                                                      | 72   |
| Item 6.                       | Exhibits                                                                                                               | 73   |
| Signatures                    |                                                                                                                        | 74   |
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TABLE OF CONTENTS

|                                                                                                                                      |                   |                   |                   |                   |   |                   |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------|-------------------|-------------------|-------------------|-------------------|---|-------------------|--|--|--|--|--|
|                                                                                                                                      | June 30, 2022     |                   | December 31, 2021 |
| ASSETS                                                                                                                               |                   |                   |                   |
| Investments at fair value:                                                                                                       |                   |                   |                   |
| Non-controlled/non-affiliate investments (cost of $153,356,838 and $146,360,300, respectively)                                   | $                 | 171,870,750  |                   |                   | $ | 231,768,290  |  |
| Non-controlled/affiliate investments (cost of $41,140,804 and $41,211,183, respectively)                                         | 14,177,090   |                   |                   | 14,609,089   |   |
| Controlled investments (cost of $19,883,894 and $19,883,894, respectively)                                                           | 14,018,874   |                   |                   | 13,758,874   |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Total Investments (cost of $214,381,536 and $207,455,377, respectively)                                                              | 200,066,714  |                   |                   | 260,136,253  |   |
| Cash                                                                                                                                 | 152,984,799  |                   |                   | 198,437,078  |   |
|                                                                                                                                      |                   |                   |                   |
| Proceeds receivable                                                                                                                  | 55,943       |                   |                   | 52,493       |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Escrow proceeds receivable                                                                                                           | 2,005,019    |                   |                   | 2,046,645    |   |
| Interest and dividends receivable                                                                                                    | 156,637      |                   |                   | 83,655       |   |
| Deferred financing costs                                                                                                             | 589,781      |                   |                   | 621,719      |   |
| Prepaid expenses and other assets(1)                                                                                                 | 588,499      |                   |                   | 937,984      |   |
| Total Assets                                                                                                                         | 356,447,392  |                   |                   | 462,315,827  |   |
| LIABILITIES                                                                                                                          |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Accounts payable and accrued expenses(1)                                                                                             | 2,705,829    |                   |                   | 875,047      |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| Accrued interest payable                                                                                                             | 12,500       |                   |                   | 175,000      |   |
| Dividends payable                                                                                                                    | 349,929      |                   |                   | 23,390,048   |   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
|                                                                                                                                      |                   |                   |                   |
| 6.00% Notes due December 30, 2026(2)                                                                                                 | 73,206,662   |                   |                   | 73,029,108   |   |
| Total Liabilities                                                                                                                    | 76,274,920   |                   |                   | 97,469,203   |   |
| Commitments and contingencies (Notes 7 and 10)                                                                                       |                   |                   |                   |
| Net Assets                                                                                                                           | $                 | 280,172,472  |                   |                   | $ | 364,846,624  |  |
| NET ASSETS                                                                                                                           |                   |                   |                   |
| Common stock, par value $0.01 per share (100,000,000 authorized; 30,325,187 and 31,118,556 issued and outstanding, respectively) | $                 | 303,252      |                   |                   | $ | 311,185      |  |
| Paid-in capital in excess of par                                                                                                     | 342,738,247  |                   |                   | 350,079,409  |   |
|                                                                                                                                      |                   |                   |                   |
| Accumulated net investment loss                                                                                                      | (58,160,190)      |                   |                   | (50,124,597)      |   |
| Accumulated net realized gain on investments, net of distributions                                                                   | 9,587,968    |                   |                   | 11,899,742   |   |
| Accumulated net unrealized appreciation/(depreciation) of investments                                                            | (14,296,805)      |                   |                   | 52,680,885   |   |
| Net Assets                                                                                                                           | $                 | 280,172,472  |                   |                   | $ | 364,846,624  |  |
| Net Asset Value Per Share                                                                                                            | $                 | 9.24         |                   |                   | $ | 11.72        |  |

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TABLE OF CONTENTS

|                                                                                            |  |                             |                           |      |                  |      |                  |                  |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|-----------------------------|---------------------------|------|------------------|------|------------------|------------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                            |  | Three Months Ended June 30, | Six Months Ended June 30, |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  | 2022                        |                           | 2021 |                  | 2022 |                  | 2021             |
| INVESTMENT INCOME                                                                          |  |                             |                           |      |                  |      |                  |                  |
| Non-controlled/non-affiliate investments:                                          |  |                             |                           |      |                  |      |                  |                  |
| Interest income                                                                            |  | $                           | 149,282              |      |                  | $    | 145,851     |                  |  | $ | 311,737      |  |  | $ | 312,696      |  |
| Dividend income                                                                            |  | 191,349                |                           |      | 128,969     |      |                  | 321,994     |  |   | 150,844      |  |
| Non-controlled/affiliate investments:                                              |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
| Dividend income                                                                            |  | —                |                           |      | —     |      |                  | —     |  |   | 102,632      |  |
| Controlled investments:                                                                |  |                             |                           |      |                  |      |                  |                  |
| Interest income                                                                            |  | 550,000                |                           |      | —     |      |                  | 840,000     |  |   | —      |  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
| Total Investment Income                                                                    |  | 890,631                |                           |      | 274,820     |      |                  | 1,473,731   |  |   | 566,172      |  |
| OPERATING EXPENSES                                                                         |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
| Compensation expense                                                                       |  | 1,759,261              |                           |      | 1,345,892   |      |                  | 3,619,963   |  |   | 2,639,202    |  |
| Directors’ fees(2)                                                                   |  | 191,829                |                           |      | 111,250     |      |                  | 352,394     |  |   | 222,500      |  |
| Professional fees                                                                          |  | 1,078,459              |                           |      | 529,524     |      |                  | 2,351,172   |  |   | 1,502,683    |  |
| Interest expense                                                                           |  | 1,226,767              |                           |      | —     |      |                  | 2,427,553   |  |   | 504,793      |  |
| Income tax expense                                                                         |  | 5,691                  |                           |      | 7,598       |      |                  | 7,741       |  |   | 9,623        |  |
| Other expenses                                                                             |  | 439,512                |                           |      | 323,556     |      |                  | 750,501     |  |   | 564,689      |  |
| Total Operating Expenses                                                                   |  | 4,701,519              |                           |      | 2,317,820   |      |                  | 9,509,324   |  |   | 5,443,490    |  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
| Net Investment Loss                                                                        |  | (3,810,888)                 |                           |      | (2,043,000)      |      |                  | (8,035,593)      |  |   | (4,877,318)       |  |
| Realized Gain/(Loss) on Investments:                                               |  |                             |                           |      |                  |      |                  |                  |
| Non-controlled/non-affiliated investments                                              |  | (1,895,846)                 |                           |      | 27,658,812  |      |                  | 1,200,429   |  |   | 139,811,330  |  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
| Non-controlled/affiliate investments                                                   |  | (70,379)                    |                           |      | —     |      |                  | (70,379)         |  |   | —      |  |
| Net Realized Gain/(Loss) on Investments                                                |  | (1,966,225)                 |                           |      | 27,658,812  |      |                  | 1,130,050   |  |   | 139,811,330  |  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
| Change in Unrealized Appreciation/(Depreciation) of Investments:                   |  |                             |                           |      |                  |      |                  |                  |
| Non-controlled/non-affiliated investments                                              |  | (88,620,056)                |                           |      | (12,065,362)     |      |                  | (66,876,069)     |  |   | (15,330,669)      |  |
| Non-controlled/affiliate investments                                                   |  | (72,519)                    |                           |      | 19,817,253  |      |                  | (361,621)        |  |   | 21,661,723   |  |
| Controlled investments                                                                     |  | 130,000                |                           |      | (10,639)         |      |                  | 260,000     |  |   | 94,361       |  |
| Net Change in Unrealized Appreciation/(Depreciation) of Investments                    |  | (88,562,575)                |                           |      | 7,741,252   |      |                  | (66,977,690)     |  |   | 6,425,415    |  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|   Net Change in Net Assets Resulting from Operations                             |  | $                           | (94,339,688)              |      |                  | $    | 33,357,064  |                  |  | $ | (73,883,233)      |  |  | $ | 141,359,427  |  |
|    Net Change in Net Assets Resulting from Operations per Common Share: |  |                             |                           |      |                  |      |                  |                  |
| Basic                                                                                      |  | $                           | (3.08)                    |      |                  | $    | 1.32        |                  |  | $ | (2.39)            |  |  | $ | 6.17         |  |
| Diluted(1)                                                                                 |  | $                           | (3.08)                    |      |                  | $    | 1.32        |                  |  | $ | (2.39)            |  |  | $ | 5.74         |  |
| Weighted-Average Common Shares Outstanding                                                 |  |                             |                           |      |                  |      |                  |                  |
| Basic                                                                                      |  | 30,633,878             |                           |      | 25,334,482  |      |                  | 30,929,321  |  |   | 22,923,943   |  |
| Diluted(1)                                                                                 |  | 30,633,878             |                           |      | 25,334,482  |      |                  | 30,929,321  |  |   | 24,732,256   |  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |
|                                                                                            |  |                             |                           |      |                  |      |                  |                  |

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TABLE OF CONTENTS

|                                                                              |                           |                   |      |                   |   |                   |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------|---------------------------|-------------------|------|-------------------|---|-------------------|--|--|--|--|--|--|--|--|--|--|
|                                                                              | Six Months Ended June 30, |                   |
|                                                                              | 2022                      |                   | 2021 |                   |   |                   |  |  |
| Net Assets at Beginning of Year                                              | $                         | 364,846,624  |      |                   | $ | 301,583,073  |  |  |  |  |  |  |
|                                                                              |                           |                   |      |                   |   |                   |  |  |
| Change in Net Assets Resulting from Operations                               |                           |                   |      |                   |   |                   |  |  |
| Net investment loss                                                          | (4,224,705)               |                   |      | (2,834,318)       |   |                   |  |  |  |  |
| Net realized gain on investments                                             | 3,096,275            |                   |      | 112,152,518  |   |                   |  |  |  |  |
| Net change in unrealized appreciation/(depreciation) of investments | 21,584,885           |                   |      | (1,315,837)       |   |                   |  |  |  |  |
| Net Change in Net Assets Resulting from Operations                           | 20,456,455           |                   |      | 108,002,363  |   |                   |  |  |  |  |
| Distributions                                                                |                           |                   |      |                   |   |                   |  |  |
| Dividends declared                                                           | (3,441,824)               |                   |      | (11,032,436)      |   |                   |  |  |  |  |
| Total Distributions                                                          | (3,441,824)               |                   |      | (11,032,436)      |   |                   |  |  |  |  |
| Change in Net Assets Resulting from Capital Transactions                     |                           |                   |      |                   |   |                   |  |  |
| Issuance of common stock from public offering                                | 229,896              |                   |      | —      |   |                   |  |  |  |  |
| Issuance of common stock from conversion of 4.75% Convertible Notes due 2023 | —              |                   |      | 37,259,819   |   |                   |  |  |  |  |
| Stock-based compensation                                                     | (30,016)                  |                   |      | 148,802      |   |                   |  |  |  |  |
| Repurchases of common stock                                                  | (1,359,607)               |                   |      | —      |   |                   |  |  |  |  |
| Net Change in Net Assets Resulting from Capital Transactions                 | (1,159,727)               |                   |      | 37,408,621   |   |                   |  |  |  |  |
| Total Change in Net Assets                                                   | 15,854,904           |                   |      | 134,378,548  |   |                   |  |  |  |  |
| Net Assets at March 31                                                       | $                         | 380,701,528  |      |                   | $ | 435,961,621  |  |  |  |  |  |  |
|                                                                              |                           |                   |      |                   |   |                   |  |  |
| Change in Net Assets Resulting from Operations                               |                           |                   |      |                   |   |                   |  |  |
| Net investment loss                                                          | (3,810,888)               |                   |      | (2,043,000)       |   |                   |  |  |  |  |
| Net realized gain/(loss) on investments                                  | (1,966,225)               |                   |      | 27,658,812   |   |                   |  |  |  |  |
| Net change in unrealized appreciation/(depreciation) of investments | (88,562,575)              |                   |      | 7,741,252    |   |                   |  |  |  |  |
|                                                                              |                           |                   |      |                   |   |                   |  |  |
| Net Change in Net Assets Resulting from Operations                           | (94,339,688)              |                   |      | 33,357,064   |   |                   |  |  |  |  |
| Distributions                                                                |                           |                   |      |                   |   |                   |  |  |
| Dividends declared                                                           | —              |                   |      | (60,513,038)      |   |                   |  |  |  |  |
| Total Distributions                                                          | —              |                   |      | (60,513,038)      |   |                   |  |  |  |  |
| Change in Net Assets Resulting from Capital Transactions                     |                           |                   |      |                   |   |                   |  |  |
| Issuance of common stock from stock dividend                                 | —              |                   |      | 30,525,336   |   |                   |  |  |  |  |
| Stock-based compensation                                                     | 703,566              |                   |      | 261,746      |   |                   |  |  |  |  |
| Repurchases of common stock                                                  | (6,892,934)               |                   |      | —      |   |                   |  |  |  |  |
| Net Change in Net Assets Resulting from Capital Transactions                 | (6,189,368)               |                   |      | 30,787,082   |   |                   |  |  |  |  |
| Total Change in Net Assets                                                   | (100,529,056)             |                   |      | 3,631,108    |   |                   |  |  |  |  |
| Net Assets at June 30                                                        | $                         | 280,172,472  |      |                   | $ | 439,592,729  |  |  |  |  |  |  |
|                                                                              |                           |                   |      |                   |   |                   |  |  |
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|                                                                              |                           |                   |      |                   |   |                   |  |  |
|                                                                              |                           |                   |      |                   |   |                   |  |  |
| Capital Share Activity                                                       |                           |                   |      |                   |   |                   |  |  |
| Shares outstanding at beginning of year                                      | 31,118,556           |                   |      | 19,914,023   |   |                   |  |  |  |  |
| Issuance of common stock from public offering                                | 17,807               |                   |      | —      |   |                   |  |  |  |  |
| Issuance of common stock under restricted stock plan                         | 197,500              |                   |      | 193,385      |   |                   |  |  |  |  |
| Issuance of common stock from conversion of 4.75% Convertible Notes due 2023 | —              |                   |      | 4,097,808    |   |                   |  |  |  |  |
| Issuance of common stock from stock dividend                                 | —              |                   |      | 2,335,527    |   |                   |  |  |  |  |
| Shares repurchased                                                           | (1,008,676)               |                   |      | —      |   |                   |  |  |  |  |
| Shares Outstanding at End of Period                                          | 30,325,187           |                   |      | 26,540,743   |   |                   |  |  |  |  |
|                                                                              |                           |                   |      |                   |   |                   |  |  |

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TABLE OF CONTENTS

|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|-------------------|------|-------------------|---|-------------------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                             | Six Months Ended June 30, |                   |
|                                                                                                                                             | 2022                      |                   | 2021 |                   |   |                   |  |  |
| Cash Flows from Operating Activities                                                                                                        |                           |                   |      |                   |   |                   |  |  |
| Net change in net assets resulting from operations                                                                                          | $                         | (73,883,233)      |      |                   | $ | 141,359,427  |  |  |  |  |  |  |
| 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                                                                                                            | (1,130,050)               |                   |      | (139,811,330)     |   |                   |  |  |  |  |
| Net change in unrealized (appreciation)/depreciation of investments                                                                     | 66,977,690           |                   |      | (6,425,415)       |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Amortization of discount on 4.75% Convertible Senior Notes due 2023                                                                         | —              |                   |      | 76,925       |   |                   |  |  |  |  |
| Amortization of discount on 6.00% Notes due 2026                                                                                            | 211,033              |                   |      | —      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Stock-based compensation                                                                                                                    | 673,550              |                   |      | 410,548      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Adjustments to escrow proceeds receivable                                                                                                   | 179,134              |                   |      | 2,653        |   |                   |  |  |  |  |
| Forfeited interest on 4.75% Convertible Senior Notes due 2023                                                                               | —              |                   |      | 102,917      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Purchases of investments in:                                                                                                            |                           |                   |      |                   |   |                   |  |  |
| Portfolio investments                                                                                                                       | (11,008,515)              |                   |      | (39,362,863)      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Proceeds from sales or maturity of investments in:                                                                                      |                           |                   |      |                   |   |                   |  |  |
| Portfolio investments                                                                                                                       | 5,051,279            |                   |      | 157,018,332  |   |                   |  |  |  |  |
| U.S. Treasury bills                                                                                                                         | —              |                   |      | 150,000,000  |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Change in operating assets and liabilities:                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Prepaid expenses and other assets                                                                                                           | 349,485              |                   |      | 265,658      |   |                   |  |  |  |  |
| Interest and dividends receivable                                                                                                           | (72,982)                  |                   |      | (34,865)          |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Proceeds receivable                                                                                                                         | (3,450)                   |                   |      | (268,479)         |   |                   |  |  |  |  |
| Escrow proceeds receivable                                                                                                                  | 41,626               |                   |      | 29           |   |                   |  |  |  |  |
| Deposits                                                                                                                                    | —              |                   |      | (50,000)          |   |                   |  |  |  |  |
| Payable for securities purchased                                                                                                            | —              |                   |      | (134,250,000)     |   |                   |  |  |  |  |
| Accounts payable and accrued expenses                                                                                                       | 1,830,782            |                   |      | 1,362,022    |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Income tax payable                                                                                                                          | —              |                   |      | (35,850)          |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Accrued interest payable                                                                                                                    | (162,500)                 |                   |      | (453,803)         |   |                   |  |  |  |  |
| Net Cash Provided by/(Used in) Operating Activities                                                                                     | (10,946,151)              |                   |      | 129,905,906  |   |                   |  |  |  |  |
| Cash Flows from Financing Activities                                                                                                        |                           |                   |      |                   |   |                   |  |  |
| Proceeds from the issuance of common stock, net                                                                                             | 229,896              |                   |      | —      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Redemption of 4.75% Convertible Senior Notes due 2023                                                                                       | —              |                   |      | (290,000)         |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Repurchases of common stock                                                                                                                 | (8,252,541)               |                   |      | —      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Cash dividends paid                                                                                                                         | (26,481,943)              |                   |      | (45,334,391)      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Cash paid for fractional shares                                                                                                             | —              |                   |      | (213)             |   |                   |  |  |  |  |
| Deferred financing costs                                                                                                                    | (1,540)                   |                   |      | (13,977)          |   |                   |  |  |  |  |
| Net Cash Used in Financing Activities                                                                                                       | (34,506,128)              |                   |      | (45,638,581)      |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
| Total Increase/(Decrease) in Cash Balance                                                                                               | (45,452,279)              |                   |      | 84,267,325   |   |                   |  |  |  |  |
| Cash Balance at Beginning of Year                                                                                                           | 198,437,078          |                   |      | 45,793,724   |   |                   |  |  |  |  |
| Cash Balance at End of Period                                                                                                               | $                         | 152,984,799  |      |                   | $ | 130,061,049  |  |  |  |  |  |  |
| Supplemental Information:                                                                                                               | 2022                      |                   | 2021 |                   |   |                   |  |  |
| Interest paid                                                                                                                               | $                         | 2,412,500    |      |                   | $ | 794,206      |  |  |  |  |  |  |
| Taxes paid                                                                                                                                  | 7,569                |                   |      | 45,473       |   |                   |  |  |  |  |
| Conversion of 4.75% Convertible Senior Notes due 2023                                                                                       | —              |                   |      | 37,925,000   |   |                   |  |  |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |
|                                                                                                                                             |                           |                   |      |                   |   |                   |  |  |

----

TABLE OF CONTENTS

|                                                                                 |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                  |                 |                  |            |            |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|-----------------|------------------|------------------|-----------------|------------------|------------------|-----------------|------------------|------------|------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                          |  | Headquarters/Industry  |  | Date of Initial Investment |  | Shares/Principal |                 | Cost             |                  | Fair Value      |                  | % of NetAssets   |
| NON-CONTROLLED/NON-AFFILIATE                                                |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Course Hero, Inc.                                                               |  | Redwood City, CA           |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series A 8%                                              |  | Online Education           |  | 9/18/2014          |  | 2,145,509       |                 |                  | $                | 5,000,001  |                  |                  | $               | 49,527,680  |            |            | 17.68  | % |
| Preferred shares, Series C 8%                                              |  |                            |  | 11/5/2021          |  | 275,659         |                 |                  | 9,999,971   |                 |                  | 9,999,971   |                 |                  | 3.57  | %          |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 14,999,972  |                  |                 | 59,527,651  |                  |                 | 21.25       | %          |
| Forge Global Holdings, Inc.**                                                   |  | San Francisco, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares(3)                                                                |  | Online Marketplace Finance |  | 7/20/2011          |  | 2,454,791       |                 |                  | 2,259,716   |                 |                  | 20,954,587  |                 |                  | 7.48  | %          |
| Common warrants, Strike Price $3.98, Expiration Date 11/9/2025(3)(17)   |  |                            |  | 7/19/2011          |  | 230,144         |                 |                  | 266,507     |                 |                  | 301,488     |                 |                  | 0.11  | %          |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 2,526,223   |                  |                 | 21,256,075  |                  |                 | 7.59        | %          |
| Blink Health, Inc.                                                              |  | New York, NY               |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series A                                                      |  | Pharmaceutical Technology  |  | 10/27/2020         |  | 238,095         |                 |                  | 5,000,423   |                 |                  | 1,692,855   |                 |                  | 0.60  | %          |
| Preferred shares, Series C                                                 |  |                            |  | 10/27/2020         |  | 261,944         |                 |                  | 10,003,917  |                 |                  | 9,999,974   |                 |                  | 3.57  | %          |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 15,004,340  |                  |                 | 11,692,829  |                  |                 | 4.17        | %          |
| Aspiration Partners, Inc.                                                       |  | Marina Del Rey, CA         |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series A                                                 |  | Financial Services         |  | 8/11/2015          |  | 540,270         |                 |                  | 1,001,815   |                 |                  | 10,896,125  |                 |                  | 3.89  | %          |
| Preferred shares, Series C-3                                                    |  |                            |  | 8/12/2019          |  | 24,912          |                 |                  | 281,190     |                 |                  | 502,423     |                 |                  | 0.18  | %          |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 1,283,005   |                  |                 | 11,398,548  |                  |                 | 4.07        | %          |
| Whoop, Inc.                                                                     |  | Boston, MA                 |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series C                                                      |  | Fitness Technology         |  | 6/30/2022          |  | 13,293,450      |                 |                  | 10,007,185  |                 |                  | 10,000,000  |                 |                  | 3.57  | %          |
| Orchard Technologies, Inc.                                                      |  | New York, NY               |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series D                                                      |  | Real Estate Platform       |  | 8/9/2021           |  | 1,488,139       |                 |                  | 10,004,034  |                 |                  | 9,999,996   |                 |                  | 3.57  | %          |
| Shogun Enterprises, Inc.                                                        |  | Austin, TX                 |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series B-1                                                    |  | Home Improvement Finance   |  | 2/26/2021          |  | 436,844         |                 |                  | 3,501,657   |                 |                  | 3,499,994   |                 |                  | 1.25  | %          |
| Preferred shares, Series B-2                                                    |  |                            |  | 2/26/2021          |  | 301,750         |                 |                  | 3,501,661   |                 |                  | 3,499,998   |                 |                  | 1.25  | %          |
| Convertible Note 0.5%, Due 4/18/2024***                                 |  |                            |  | 5/2/2022           |  | $                    | 500,000    |                  |                  | 500,000    |                  |                  | 500,000    |                  |            | 0.18  | %           |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 7,503,318   |                  |                 | 7,499,992   |                  |                 | 2.68        | %          |
| Nextdoor Holdings, Inc.**                                                       |  | San Francisco, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares, Class B(3)                                                       |  | Social Networking          |  | 9/27/2018          |  | 1,802,416       |                 |                  | 10,002,666  |                 |                  | 5,965,997   |                 |                  | 2.13  | %          |
| Varo Money, Inc.**                                                              |  | San Francisco, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares                                                                   |  | Financial Services         |  | 8/11/2021          |  | 1,079,266       |                 |                  | 10,005,548  |                 |                  | 5,546,953   |                 |                  | 1.98  | %          |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.)** |  | New York, NY               |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares***(3)(14)                                                         |  | Cannabis REIT              |  | 8/12/2019          |  | 247,443         |                 |                  | 5,032,542   |                 |                  | 4,577,696   |                 |                  | 1.63  | %          |
| Skillsoft Corp.**                                                               |  | Nashua, NH                 |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares(3)                                                                |  | Online Education           |  | 6/8/2021           |  | 981,843         |                 |                  | 9,818,430   |                 |                  | 3,456,087   |                 |                  | 1.23  | %          |
| Residential Homes for Rent, LLC (d/b/a Second Avenue)                   |  | Chicago, IL                |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares, Series A(6)                                                   |  | Real Estate Platform       |  | 12/23/2020         |  | 150,000         |                 |                  | 1,500,000   |                 |                  | 1,727,602   |                 |                  | 0.62  | %          |
| Term loan 15%, Due 12/23/2023***(13)                                    |  |                            |  | 12/23/2020         |  | $                    | 1,500,000  |                  |                  | 1,500,000  |                  |                  | 1,500,000  |                  |            | 0.54  | %           |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 3,000,000   |                  |                 | 3,227,602   |                  |                 | 1.15        | %          |
| Trax Ltd.**                                                                     |  | Singapore, Singapore       |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Common shares                                                                   |  | Retail Technology          |  | 6/9/2021           |  | 55,591          |                 |                  | 2,781,148   |                 |                  | 534,710     |                 |                  | 0.19  | %          |
| Preferred shares, Investec Series                                               |  |                            |  | 6/9/2021           |  | 144,409         |                 |                  | 7,224,600   |                 |                  | 2,647,017   |                 |                  | 0.94  | %          |
| Total                                                                           |  |                            |  |                            |  |                      |                 | 10,005,748  |                  |                 | 3,181,727   |                  |                 | 1.14        | %          |
| True Global Ventures 4 Plus Pte Ltd**(8)                                        |  | Singapore, Singapore       |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Limited Partner Fund Investment                                                 |  | Venture Investment Fund    |  | 8/27/2021          |  | 1               |                 |                  | —     |                 |                  | 3,063,358   |                 |                  | 1.09  | %          |
| PayJoy, Inc.                                                                    |  | San Francisco, CA          |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
| Preferred shares                                                                |  | Mobile Access Technology   |  | 7/23/2021          |  | 244,117         |                 |                  | 2,501,570   |                 |                  | 2,500,002   |                 |                  | 0.89  | %          |
|                                                                                 |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                  |
|                                                                                 |  |                            |  |                            |  |                      |                 |                  |                  |                 |                  |                  |

----

TABLE OF CONTENTS

|                                                                        |  |                                     |  |                            |  |                      |                 |                  |                   |                 |               |                 |                   |               |               |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------|--|-------------------------------------|--|----------------------------|--|----------------------|-----------------|------------------|-------------------|-----------------|---------------|-----------------|-------------------|---------------|---------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                 |  | Headquarters/Industry           |  | Date of Initial Investment |  | Shares/Principal |                 | Cost             |                   | Fair Value      |               | % of NetAssets  |
| Aventine Property Group, Inc.(12)                                      |  | Chicago, IL                         |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares***                                                       |  | Cannabis REIT                       |  | 9/11/2019          |  | 312,500         |                 |                  | 2,580,750    |                 |               | 2,231,610  |                   |               | 0.80     | %             |
| Rover Group, Inc.**                                                    |  | Seattle, WA                         |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares(3)                                                       |  | Peer-to-Peer Pet Services           |  | 11/3/2014          |  | 364,046         |                 |                  | 1,088,220    |                 |               | 1,368,813  |                   |               | 0.49     | %             |
| Commercial Streaming Solutions Inc. (d/b/a BettorView)(7)      |  | Las Vegas, NV                       |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Simple Agreement for Future Equity                                     |  | Interactive Media & Services    |  | 3/26/2021          |  | 1               |                 |                  | 1,002,720    |                 |               | 1,000,000  |                   |               | 0.36     | %             |
| Rebric, Inc. (d/b/a Compliable)(7)                             |  | Denver, CO                          |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Preferred shares, Series Seed-4                                        |  | Gaming Licensing                    |  | 10/12/2021         |  | 2,064,409       |                 |                  | 1,002,755    |                 |               | 1,000,000  |                   |               | 0.36     | %             |
| Rent the Runway, Inc.**                                                |  | New York, NY                        |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares(3)                                                       |  | Subscription Fashion Rental         |  | 6/17/2020          |  | 289,191         |                 |                  | 4,394,205    |                 |               | 887,816    |                   |               | 0.32     | %             |
| EDGE Markets, Inc.(7)                                                  |  | San Diego, CA                       |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Preferred Shares, Series Seed                                          |  | Gaming Technology                   |  | 5/18/2022          |  | 456,704         |                 |                  | 501,330      |                 |               | 500,000    |                   |               | 0.18     | %             |
| YouBet Technology, Inc. (d/b/a PickUp)(7)                      |  | New York, NY                        |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Preferred shares, Series Seed-2                                        |  | Digital Media Technology            |  | 8/26/2021          |  | 385,353         |                 |                  | 502,232      |                 |               | 499,999    |                   |               | 0.18     | %             |
| Palantir Lending Trust SPV I **(11)                                    |  | Palo Alto, CA                       |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Equity Participation in Underlying Collateral(3)                       |  | Data Analysis                       |  | 6/19/2020          |  | —         |                 |                  | —      |                 |               | 367,952    |                   |               | 0.13     | %             |
| Churchill Sponsor VII LLC**(15)                                        |  | New York, NY                        |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common share units                                                     |  | Special Purpose Acquisition Company |  | 2/25/2021          |  | 292,100         |                 |                  | 205,820      |                 |               | 205,820    |                   |               | 0.07     | %             |
| Warrant units                                                          |  |                                     |  | 2/25/2021          |  | 277,000         |                 |                  | 94,180       |                 |               | 94,180     |                   |               | 0.03     | %             |
| Total                                                                  |  |                                     |  |                            |  |                      |                 | 300,000     |                   |                 | 300,000  |                 |                   | 0.11     | %             |
| AltC Sponsor LLC**(15)                                                 |  | New York, NY                        |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Share units                                                            |  | Special Purpose Acquisition Company |  | 7/21/2021          |  | 239,300         |                 |                  | 250,855      |                 |               | 250,000    |                   |               | 0.09     | %             |
| Enjoy Technology, Inc.**                                               |  | Palo Alto, CA                       |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares(3)                                                       |  | On-Demand Commerce                  |  | 10/16/2014         |  | 947,297         |                 |                  | 5,526,777    |                 |               | 205,563    |                   |               | 0.07     | %             |
| Churchill Sponsor VI LLC**(15)                                         |  | New York, NY                        |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common share units                                                     |  | Special Purpose Acquisition Company |  | 2/25/2021          |  | 195,000         |                 |                  | 134,297      |                 |               | 134,297    |                   |               | 0.05     | %             |
| Warrant units                                                          |  |                                     |  | 2/25/2021          |  | 199,100         |                 |                  | 65,703       |                 |               | 65,703     |                   |               | 0.02     | %             |
|    Total                                                |  |                                     |  |                            |  |                      |                 | 200,000     |                   |                 | 200,000  |                 |                   | 0.07     | %             |
| Kahoot! ASA**                                                          |  | Oslo, Norway                        |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares(3)                                                       |  | Education Software                  |  | 12/5/2014          |  | 99,672          |                 |                  | 458,138      |                 |               | 164,484    |                   |               | 0.06     | %             |
| Neutron Holdings, Inc. (d/b/a/ Lime)                       |  | San Francisco, CA                   |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Junior Preferred shares, Series 1-D                                    |  | Micromobility                       |  | 1/25/2019          |  | 41,237,113      |                 |                  | 10,007,322   |                 |               | —    |                   |               | —  | %             |
| Junior Preferred Convertible Note 4% Due 5/11/2027***          |  |                                     |  | 5/11/2020          |  | $                    | 506,339    |                  |                   | 506,339    |               |                 | —      |               |               | —  | % |
| Common Warrants, Strike Price $0.01, Expiration Date 5/11/2027 |  |                                     |  | 5/11/2020          |  | 2,032,967       |                 |                  | —      |                 |               | —    |                   |               | —  | %             |
| Total                                                                  |  |                                     |  |                            |  |                      |                 | 10,513,661  |                   |                 | —  |                 |                   | —  | %             |
| 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)(16)                    |  |                                     |  | 3/3/2016           |  | $                    | 2,270,458  |                  |                   | 2,270,858  |               |                 | —      |               |               | —  | % |
| Total                                                                  |  |                                     |  |                            |  |                      |                 | 8,421,364   |                   |                 | —  |                 |                   | —  | %             |
| Treehouse Real Estate Investment Trust, Inc.(12)                       |  | Chicago, IL                         |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares                                                          |  | Cannabis REIT                       |  | 9/11/2019          |  | 312,500         |                 |                  | 4,919,250    |                 |               | —    |                   |               | —  | %             |
| Kinetiq Holdings, LLC                                                  |  | Philadelphia, PA                    |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Common shares, Class A                                                 |  | Social Data Platform                |  | 3/30/2012          |  | 112,374         |                 |                  | —      |                 |               | —    |                   |               | —  | %             |
|                                                                        |  |                                     |  |                            |  |                      |                 |                  |                   |                 |               |                 |
| Total Non-controlled/Non-affiliate                                 |  |                                     |  |                            |  |                      |                 | $                | 153,356,838  |                 |               | $               | 171,870,750  |               |               | 61.34    | % |
|                                                                        |  |                                     |  |                            |  |                      |                 |                  |                   |                 |               |                 |
|                                                                        |  |                                     |  |                            |  |                      |                 |                  |                   |                 |               |                 |
|                                                                        |  |                                     |  |                            |  |                      |                 |                  |                   |                 |               |                 |
|                                                                        |  |                                     |  |                            |  |                      |                 |                  |                   |                 |               |                 |

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TABLE OF CONTENTS

|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |                   |               |                  |             |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--|-------------------------------------|--|----------------------------|--|----------------------|------------------|------------------|-------------------|-----------------|------------------|-----------------|-------------------|---------------|------------------|-------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                             |  | Headquarters/Industry           |  | Date of Initial Investment |  | Shares/Principal |                  | Cost             |                   | Fair Value      |                  | % of NetAssets  |
| NON-CONTROLLED/AFFILIATE(1)                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| StormWind, LLC(5)                                                                  |  | Scottsdale, AZ                      |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Preferred shares, Series D 8%                                                 |  | Interactive Learning                |  | 11/26/2019         |  | 329,337         |                  |                  | $                 | 257,267    |                  |                 | $                 | 593,350  |                  |             | 0.21  | %          |
| Preferred shares, Series C 8%                                                 |  |                                     |  | 1/7/2014           |  | 2,779,134       |                  |                  | 4,000,787    |                 |                  | 6,236,702  |                   |               | 2.23        | %           |
| Preferred shares, Series B 8%                                                 |  |                                     |  | 12/16/2011         |  | 3,279,629       |                  |                  | 2,019,687    |                 |                  | 4,147,336  |                   |               | 1.48        | %           |
| Preferred shares, Series A 8%                                                 |  |                                     |  | 2/25/2014          |  | 366,666         |                  |                  | 110,000      |                 |                  | 258,406    |                   |               | 0.09        | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 6,387,741   |                   |                 | 11,235,794  |                 |                   | 4.01     | %                |
| OneValley, Inc. (f/k/a NestGSV, Inc.)                                      |  | San Mateo, CA                       |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Derivative Security, Expiration Date 8/23/2024(10)                         |  | Global Innovation Platform          |  | 8/23/2019          |  | 1               |                  |                  | 8,555,124    |                 |                  | 2,432,447  |                   |               | 0.87        | %           |
| Convertible Promissory Note 8% Due 8/23/2024(4)(10)                        |  |                                     |  | 2/17/2016          |  | $                    | 1,010,198   |                  |                   | 1,030,176  |                  |                 | 505,099      |               |                  | 0.18   | %          |
| Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023 |  |                                     |  | 12/31/2018         |  | 250,000         |                  |                  | 5,080        |                 |                  | 3,750      |                   |               | 0.00        | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 9,590,380   |                   |                 | 2,941,296   |                 |                   | 1.05     | %                |
| Ozy Media, Inc.                                                                    |  | Mountain View, CA                   |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Preferred shares, Series C-2 6%                                                    |  | Digital Media Platform              |  | 8/31/2016          |  | 683,482         |                  |                  | 2,414,178    |                 |                  | —    |                   |               | —     | %           |
| Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028              |  |                                     |  | 4/9/2018           |  | 295,565         |                  |                  | 30,647       |                 |                  | —    |                   |               | —     | %           |
| Preferred shares, Series B 6%                                                      |  |                                     |  | 10/3/2014          |  | 922,509         |                  |                  | 4,999,999    |                 |                  | —    |                   |               | —     | %           |
| Preferred shares, Series A 6%                                                      |  |                                     |  | 12/11/2013         |  | 1,090,909       |                  |                  | 3,000,200    |                 |                  | —    |                   |               | —     | %           |
| Preferred shares, Series Seed 6%                                                   |  |                                     |  | 11/2/2012          |  | 500,000         |                  |                  | 500,000      |                 |                  | —    |                   |               | —     | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 10,945,024  |                   |                 | —     |                 |                   | —  | %                |
| 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                                                 |  |                                     |  |                            |  |                      |                  | $                | 41,140,804   |                 |                  | $               | 14,177,090   |               |                  | 5.06   | %          |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| CONTROLLED(2)                                                                      |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Architect Capital PayJoy SPV, LLC**                                                |  | San Francisco, CA                   |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Membership Interest in Lending SPV***                                              |  | Mobile Finance Technology           |  | 3/24/2021          |  | $                    | 10,000,000  |                  |                   | $               | 10,006,745  |                 |                   | $             | 10,000,000  |             |            | 3.57  | % |
| Colombier Sponsor LLC**(15)                                                        |  | New York, NY                        |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Class B Units                                                                      |  | Special Purpose Acquisition Company |  | 4/1/2021           |  | 1,976,033       |                  |                  | 1,556,587    |                 |                  | 1,554,354  |                   |               | 0.55        | %           |
| Class W Units                                                                      |  |                                     |  | 4/1/2021           |  | 2,700,000       |                  |                  | 1,159,150    |                 |                  | 1,157,487  |                   |               | 0.41        | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 2,715,737   |                   |                 | 2,711,841   |                 |                   | 0.97     | %                |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)                      |  | Cupertino, CA                       |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Preferred shares, Class A(9)                                                  |  | Clean Technology                    |  | 4/15/2014          |  | 14,300,000      |                  |                  | 7,151,412    |                 |                  | 1,307,033  |                   |               | 0.47        | %           |
| Common shares                                                                      |  |                                     |  | 4/15/2014          |  | 100,000         |                  |                  | 10,000       |                 |                  | —    |                   |               | —     | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 7,161,412   |                   |                 | 1,307,033   |                 |                   | 0.47     | %                |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Total Controlled                                                                   |  |                                     |  |                            |  |                      |                  | $                | 19,883,894   |                 |                  | $               | 14,018,874   |               |                  | 5.00   | %          |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Total Portfolio Investments                                                        |  |                                     |  |                            |  |                      |                  | $                | 214,381,536  |                 |                  | $               | 200,066,714  |               |                  | 71.41  | %          |

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TABLE OF CONTENTS

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TABLE OF CONTENTS

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TABLE OF CONTENTS

|                                                                                   |  |                            |  |                            |  |                      |               |                  |                  |                 |                  |                  |               |                  |               |            |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------|--|----------------------------|--|----------------------------|--|----------------------|---------------|------------------|------------------|-----------------|------------------|------------------|---------------|------------------|---------------|------------|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                            |  | Headquarters/Industry  |  | Date of Initial Investment |  | Shares/Principal |               | Cost             |                  | Fair Value      |                  | % of NetAssets   |
| NON-CONTROLLED/NON-AFFILIATE                                                  |  |                            |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Course Hero, Inc.                                                                 |  | Redwood City, CA           |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Preferred shares, Series A 8%                                                |  | Online Education           |  | 9/18/2014          |  | 2,145,509       |               |                  | $                | 5,000,001  |                  |                  | $             | 77,831,772  |               |            | 21.33  | % |
| Preferred shares, Series C 8%                                                |  |                            |  | 11/5/2021          |  | 275,659         |               |                  | 9,999,971   |                 |                  | 9,999,971   |               |                  | 2.74     | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 14,999,972  |                  |                 | 87,831,743  |                  |               | 24.07       | %             |
| Forge Global, Inc.                                                                |  | San Francisco, CA          |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares, Class AA                                                           |  | Online Marketplace Finance |  | 7/20/2011          |  | 625,520         |               |                  | 266,507     |                 |                  | 16,430,555  |               |                  | 4.50     | %          |
| Junior Preferred shares                                                           |  |                            |  | 7/19/2011          |  | 160,534         |               |                  | 2,259,716   |                 |                  | 4,216,752   |               |                  | 1.16     | %          |
| Junior Preferred warrants, Strike Price $12.42, Expiration Date 11/9/2025 |  |                            |  | 7/19/2011          |  | 73,695          |               |                  | —     |                 |                  | 368,474     |               |                  | 0.10     | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 2,526,223   |                  |                 | 21,015,781  |                  |               | 5.76        | %             |
| Blink Health, Inc.                                                                |  | New York, NY               |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Preferred shares, Series A                                                        |  | Pharmaceutical Technology  |  | 10/27/2020         |  | 238,095         |               |                  | 5,000,423   |                 |                  | 4,315,552   |               |                  | 1.18     | %          |
| Preferred shares, Series C                                                   |  |                            |  | 10/27/2020         |  | 261,944         |               |                  | 10,003,917  |                 |                  | 9,999,974   |               |                  | 2.74     | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 15,004,340  |                  |                 | 14,315,526  |                  |               | 3.92        | %             |
| Nextdoor Holdings, Inc.**                                                         |  | San Francisco, CA          |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares(3)                                                                  |  | Social Networking          |  | 9/27/2018          |  | 1,801,850       |               |                  | 10,002,666  |                 |                  | 12,439,522  |               |                  | 3.41     | %          |
| Aspiration Partners, Inc.                                                         |  | Marina Del Rey, CA         |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Preferred shares, Series A                                                   |  | Financial Services         |  | 8/11/2015          |  | 540,270         |               |                  | 1,001,815   |                 |                  | 10,556,306  |               |                  | 2.89     | %          |
| Preferred shares, Series C-3                                                      |  |                            |  | 8/12/2019          |  | 24,912          |               |                  | 281,190     |                 |                  | 499,437     |               |                  | 0.14     | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 1,283,005   |                  |                 | 11,055,743  |                  |               | 3.03        | %             |
| Trax Ltd.**                                                                       |  | Singapore, Singapore       |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares                                                                     |  | Retail Technology          |  | 6/9/2021           |  | 55,591          |               |                  | 2,781,148   |                 |                  | 2,882,476   |               |                  | 0.79     | %          |
| Preferred shares, Investec series                                                 |  |                            |  | 6/9/2021           |  | 144,409         |               |                  | 7,224,600   |                 |                  | 7,487,823   |               |                  | 2.05     | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 10,005,748  |                  |                 | 10,370,299  |                  |               | 2.84        | %             |
| Orchard Technologies, Inc.                                                        |  | New York, NY               |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Preferred shares, Series D                                                        |  | Real Estate Platform       |  | 8/9/2021           |  | 1,488,139       |               |                  | 10,004,034  |                 |                  | 9,999,996   |               |                  | 2.74     | %          |
| Skillsoft Corp.**(18)                                                             |  | Nashua, NH                 |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares(3)                                                                  |  | Online Education           |  | 6/8/2021           |  | 981,843         |               |                  | 9,818,430   |                 |                  | 8,983,863   |               |                  | 2.46     | %          |
| Varo Money, Inc.                                                                  |  | San Francisco, CA          |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares                                                                     |  | Financial Services         |  | 8/11/2021          |  | 1,079,266       |               |                  | 10,005,548  |                 |                  | 8,541,676   |               |                  | 2.34     | %          |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.)**   |  | New York, NY               |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares***(3)(16)                                                           |  | Cannabis REIT              |  | 8/12/2019          |  | 278,471         |               |                  | 5,653,375   |                 |                  | 7,986,548   |               |                  | 2.19     | %          |
| Rover Group, Inc.**(13)                                                           |  | Seattle, WA                |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares(3)                                                                  |  | Peer-to-Peer Pet Services  |  | 11/3/2014          |  | 838,381         |               |                  | 2,506,119   |                 |                  | 7,765,504   |               |                  | 2.13     | %          |
| Shogun Enterprises, Inc.                                                          |  | Austin, TX                 |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Preferred shares, Series B-1                                                      |  | Home Improvement Finance   |  | 2/26/2021          |  | 436,844         |               |                  | 3,501,657   |                 |                  | 3,531,447   |               |                  | 0.97     | %          |
| Preferred shares, Series B-2                                                      |  |                            |  | 2/26/2021          |  | 301,750         |               |                  | 3,501,661   |                 |                  | 3,499,998   |               |                  | 0.96     | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 7,003,318   |                  |                 | 7,031,445   |                  |               | 1.93        | %             |
| Enjoy Technology, Inc.**                                                          |  | Menlo Park, CA             |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Common shares(3)                                                                  |  | On-Demand Commerce         |  | 10/16/2014         |  | 1,070,919       |               |                  | 5,526,777   |                 |                  | 4,576,572   |               |                  | 1.25     | %          |
| Neutron Holdings, Inc. (d/b/a/ Lime)                                  |  | San Francisco, CA          |  |                            |  |                      |               |                  |                  |                 |                  |                  |
| Junior Preferred shares, Series 1-D                                               |  | Micromobility              |  | 1/25/2019          |  | 41,237,113      |               |                  | 10,007,322  |                 |                  | 3,485,014   |               |                  | 0.96     | %          |
| Junior Preferred Convertible Note 4% Due 5/11/2027***                     |  |                            |  | 5/11/2020          |  | $                    | 506,339  |                  |                  | 506,339    |                  |                  | 506,339  |                  |               | 0.14  | %           |
| Common Warrants, Strike Price $0.01, Expiration Date 5/11/2027            |  |                            |  | 5/11/2020          |  | 2,032,967       |               |                  | —     |                 |                  | —     |               |                  | —  | %          |
| Total                                                                             |  |                            |  |                            |  |                      |               | 10,513,661  |                  |                 | 3,991,353   |                  |               | 1.10        | %             |
|                                                                                   |  |                            |  |                            |  |                      |               |                  |                  |                 |                  |                  |
|                                                                                   |  |                            |  |                            |  |                      |               |                  |                  |                 |                  |                  |

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TABLE OF CONTENTS

|                                                                   |  |                                     |  |                            |  |                      |                 |                 |                   |                 |                 |                 |                   |                 |               |               |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------|--|-------------------------------------|--|----------------------------|--|----------------------|-----------------|-----------------|-------------------|-----------------|-----------------|-----------------|-------------------|-----------------|---------------|---------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                            |  | Headquarters/Industry           |  | Date of Initial Investment |  | Shares/Principal |                 | Cost            |                   | Fair Value      |                 | % of NetAssets  |
| Residential Homes for Rent, LLC (d/b/a Second Avenue)     |  | Chicago, IL                         |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Preferred shares, Series A(6)                                     |  | Real Estate Platform                |  | 12/23/2020         |  | 150,000         |                 |                 | $                 | 1,500,000  |                 |                 | $                 | 1,500,000  |               |               | 0.41  | % |
| Term loan 15%, Due 12/23/2023***(14)                      |  |                                     |  | 12/23/2020         |  | $                    | 2,000,000  |                 |                   | 2,000,000  |                 |                 | 2,000,000    |                 |               | 0.55     | %          |
| Total                                                             |  |                                     |  |                            |  |                      |                 | 3,500,000  |                   |                 | 3,500,000  |                 |                   | 0.96       | %             |
| PayJoy, Inc.                                                      |  | San Francisco, CA                   |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Preferred shares                                                  |  | Mobile Access Technology            |  | 7/23/2021          |  | 244,117         |                 |                 | 2,501,570    |                 |                 | 2,500,002  |                   |                 | 0.69     | %             |
| Rent the Runway, Inc.**                                           |  | New York, NY                        |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common shares(3)                                                  |  | Subscription Fashion Rental         |  | 6/17/2020          |  | 339,191         |                 |                 | 5,153,945    |                 |                 | 2,418,856  |                   |                 | 0.66     | %             |
| Aventine Property Group, Inc.(12)                                 |  | Chicago, IL                         |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common shares***                                                  |  | Cannabis REIT                       |  | 9/11/2019          |  | 312,500         |                 |                 | 2,580,750    |                 |                 | 2,190,978  |                   |                 | 0.60     | %             |
| Commercial Streaming Solutions Inc. (d/b/a BettorView)(7) |  | Las Vegas, NV                       |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Simple Agreement for Future Equity                                |  | Interactive Media & Services    |  | 3/26/2021          |  | 1               |                 |                 | 1,002,720    |                 |                 | 1,000,000  |                   |                 | 0.27     | %             |
| Rebric, Inc. (d/b/a Compliable)(7)                        |  | Denver, CO                          |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Preferred shares, Series Seed-4                                   |  | Gaming Licensing                    |  | 10/12/2021         |  | 2,064,409       |                 |                 | 1,002,755    |                 |                 | 1,000,000  |                   |                 | 0.27     | %             |
| Palantir Lending Trust SPV I **(11)                               |  | Palo Alto, CA                       |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Equity Participation in Underlying Collateral(3)                  |  | Data Analysis                       |  | 6/19/2020          |  | —         |                 |                 | —      |                 |                 | 930,524    |                   |                 | 0.26     | %             |
| True Global Ventures 4 Plus Pte Ltd**(8)                          |  | Singapore, Singapore                |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Limited Partner Fund Investment                                   |  | Venture Investment Fund             |  | 8/27/2021          |  | 1               |                 |                 | 713,505      |                 |                 | 670,000    |                   |                 | 0.18     | %             |
| YouBet Technology, Inc. (d/b/a PickUp)(7)                 |  | New York, NY                        |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Preferred shares, Series Seed-2                                   |  | Digital Media Technology            |  | 8/26/2021          |  | 385,353         |                 |                 | 502,232      |                 |                 | 499,999    |                   |                 | 0.14     | %             |
| Kahoot! ASA**(19)                                                 |  | Oslo, Norway                        |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common shares(3)                                                  |  | Education Software                  |  | 12/5/2014          |  | 86,800          |                 |                 | 458,138      |                 |                 | 402,360    |                   |                 | 0.11     | %             |
| Churchill Sponsor VII LLC**(17)                                   |  | New York, NY                        |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common share units                                                |  | Special Purpose Acquisition Company |  | 2/25/2021          |  | 292,100         |                 |                 | 205,820      |                 |                 | 205,820    |                   |                 | 0.06     | %             |
| Warrant units                                                     |  |                                     |  | 2/25/2021          |  | 277,000         |                 |                 | 94,180       |                 |                 | 94,180     |                   |                 | 0.03     | %             |
| Total                                                             |  |                                     |  |                            |  |                      |                 | 300,000    |                   |                 | 300,000    |                 |                   | 0.09       | %             |
| AltC Sponsor LLC**(17)                                            |  | New York, NY                        |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Share units                                                       |  | Special Purpose Acquisition Company |  | 7/21/2021          |  | 239,300         |                 |                 | 250,855      |                 |                 | 250,000    |                   |                 | 0.07     | %             |
| Churchill Sponsor VI LLC**(17)                                    |  | New York, NY                        |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common share units                                                |  | Special Purpose Acquisition Company |  | 2/25/2021          |  | 195,000         |                 |                 | 134,297      |                 |                 | 134,297    |                   |                 | 0.04     | %             |
| Warrant units                                                     |  |                                     |  | 2/25/2021          |  | 199,100         |                 |                 | 65,703       |                 |                 | 65,703     |                   |                 | 0.02     | %             |
|    Total                                           |  |                                     |  |                            |  |                      |                 | 200,000    |                   |                 | 200,000    |                 |                   | 0.06       | %             |
| 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)(20)               |  |                                     |  | 3/3/2016           |  | $                    | 2,270,458  |                 |                   | 2,270,858  |                 |                 | —      |                 |               | —  | %          |
| Total                                                             |  |                                     |  |                            |  |                      |                 | 8,421,364  |                   |                 | —    |                 |                   | —    | %             |
| Treehouse Real Estate Investment Trust, Inc.(12)                  |  | Chicago, IL                         |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common shares***                                                  |  | Cannabis REIT                       |  | 9/11/2019          |  | 312,500         |                 |                 | 4,919,250    |                 |                 | —    |                   |                 | —  | %             |
| Kinetiq Holdings, LLC                                             |  | Philadelphia, PA                    |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Common shares, Class A                                            |  | Social Data Platform                |  | 3/30/2012          |  | 112,374         |                 |                 | —      |                 |                 | —    |                   |                 | —  | %             |
|                                                                   |  |                                     |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
| Total Non-controlled/Non-affiliate                            |  |                                     |  |                            |  |                      |                 | $               | 146,360,300  |                 |                 | $               | 231,768,290  |                 |               | 63.53    | %          |
|                                                                   |  |                                     |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
|                                                                   |  |                                     |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
|                                                                   |  |                                     |  |                            |  |                      |                 |                 |                   |                 |                 |                 |
|                                                                   |  |                                     |  |                            |  |                      |                 |                 |                   |                 |                 |                 |

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|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |                   |               |                  |             |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--|-------------------------------------|--|----------------------------|--|----------------------|------------------|------------------|-------------------|-----------------|------------------|-----------------|-------------------|---------------|------------------|-------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Investments*                                                             |  | Headquarters/Industry           |  | Date of Initial Investment |  | Shares/Principal |                  | Cost             |                   | Fair Value      |                  | % of NetAssets  |
| NON-CONTROLLED/AFFILIATE(1)                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| StormWind, LLC(5)                                                                  |  | Scottsdale, AZ                      |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Preferred shares, Series D 8%                                                 |  | Interactive Learning                |  | 11/26/2019         |  | 329,337         |                  |                  | $                 | 257,267    |                  |                 | $                 | 621,093  |                  |             | 0.17  | %          |
| Preferred shares, Series C 8%                                                 |  |                                     |  | 1/7/2014           |  | 2,779,134       |                  |                  | 4,000,787    |                 |                  | 6,496,729  |                   |               | 1.78        | %           |
| Preferred shares, Series B 8%                                                 |  |                                     |  | 12/16/2011         |  | 3,279,629       |                  |                  | 2,019,687    |                 |                  | 4,423,607  |                   |               | 1.21        | %           |
| Preferred shares, Series A 8%                                                 |  |                                     |  | 2/25/2014          |  | 366,666         |                  |                  | 110,000      |                 |                  | 289,293    |                   |               | 0.08        | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 6,387,741   |                   |                 | 11,830,722  |                 |                   | 3.24     | %                |
| OneValley, Inc. (f/k/a NestGSV, Inc.)                                      |  | San Mateo, CA                       |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Derivative Security, Expiration Date 8/23/2024(10)                         |  | Global Innovation Platform          |  | 8/23/2019          |  | 1               |                  |                  | 8,555,124    |                 |                  | 2,268,268  |                   |               | 0.62        | %           |
| Convertible Promissory Note 8% Due 8/23/2024(4)(10)                        |  |                                     |  | 2/17/2016          |  | $                    | 1,010,198   |                  |                   | 1,030,176  |                  |                 | 505,099      |               |                  | 0.14   | %          |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| 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        |                 |                  | 5,000      |                   |               | 0.01        | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 9,660,759   |                   |                 | 2,778,367   |                 |                   | 0.77     | %                |
| Ozy Media, Inc.                                                                    |  | Mountain View, CA                   |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Preferred shares, Series C-2 6%                                                    |  | Digital Media Platform              |  | 8/31/2016          |  | 683,482         |                  |                  | 2,414,178    |                 |                  | —    |                   |               | —     | %           |
| Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028              |  |                                     |  | 4/9/2018           |  | 295,565         |                  |                  | 30,647       |                 |                  | —    |                   |               | —     | %           |
| Preferred shares, Series B 6%                                                      |  |                                     |  | 10/3/2014          |  | 922,509         |                  |                  | 4,999,999    |                 |                  | —    |                   |               | —     | %           |
| Preferred shares, Series A 6%                                                      |  |                                     |  | 12/11/2013         |  | 1,090,909       |                  |                  | 3,000,200    |                 |                  | —    |                   |               | —     | %           |
| Preferred shares, Series Seed 6%                                                   |  |                                     |  | 11/2/2012          |  | 500,000         |                  |                  | 500,000      |                 |                  | —    |                   |               | —     | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 10,945,024  |                   |                 | —     |                 |                   | —  | %                |
| 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                                                 |  |                                     |  |                            |  |                      |                  | $                | 41,211,183   |                 |                  | $               | 14,609,089   |               |                  | 4.01   | %          |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| CONTROLLED(2)                                                                      |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Architect Capital PayJoy SPV, LLC**                                                |  | San Francisco, CA                   |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Membership Interest in Lending SPV***(15)                                          |  | Mobile Finance Technology           |  | 3/24/2021          |  | $                    | 10,000,000  |                  |                   | $               | 10,006,745  |                 |                   | $             | 10,000,000  |             |            | 2.74  | % |
| Colombier Sponsor LLC**(17)                                                        |  | New York, NY                        |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Class B Units                                                                      |  | Special Purpose Acquisition Company |  | 4/1/2021           |  | 1,976,033       |                  |                  | 1,556,587    |                 |                  | 1,554,354  |                   |               | 0.43        | %           |
| Class W Units                                                                      |  |                                     |  | 4/1/2021           |  | 2,700,000       |                  |                  | 1,159,150    |                 |                  | 1,157,487  |                   |               | 0.32        | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 2,715,737   |                   |                 | 2,711,841   |                 |                   | 0.75     | %                |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)                      |  | Cupertino, CA                       |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Preferred shares, Class A(9)                                                  |  | Clean Technology                    |  | 4/15/2014          |  | 14,300,000      |                  |                  | 7,151,412    |                 |                  | 1,047,033  |                   |               | 0.29        | %           |
| Common shares                                                                      |  |                                     |  | 4/15/2014          |  | 100,000         |                  |                  | 10,000       |                 |                  | —    |                   |               | —     | %           |
| Total                                                                              |  |                                     |  |                            |  |                      |                  | 7,161,412   |                   |                 | 1,047,033   |                 |                   | 0.29     | %                |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Total Controlled                                                                   |  |                                     |  |                            |  |                      |                  | $                | 19,883,894   |                 |                  | $               | 13,758,874   |               |                  | 3.78   | %          |
|                                                                                    |  |                                     |  |                            |  |                      |                  |                  |                   |                 |                  |                 |
| Total Portfolio Investments                                                        |  |                                     |  |                            |  |                      |                  | $                | 207,455,377  |                 |                  | $               | 260,136,253  |               |                  | 71.32  | %          |

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|                                                                                            |  |                              |  |                        |  |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|------------------------------|--|------------------------|--|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Subsidiary                                                                                 |  | Jurisdiction ofIncorporation |  | FormationDate          |  | PercentageOwned |
| GCL                                                                                        |  | Delaware                     |  | April 13, 2012    |  | 100%            |
| SuRo Capital Sports, LLC ("SuRo Sports")                                           |  | Delaware                     |  | March 19, 2021         |  | 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 SW Holdings, Inc. (“GSW”)                                                 |  | Delaware                     |  | November 28, 2012 |  | 100%            |
|                                                                                            |  |                              |  |                        |  |                 |
| GSVC SVDS Holdings, Inc. (“SVDS”)                                              |  | Delaware                     |  | August 13, 2013   |  | 100%            |
|                                                                                            |  |                              |  |                        |  |                 |

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|                              |               |               |                   |               |   |                 |  |  |  |  |  |
|------------------------------|---------------|---------------|-------------------|---------------|---|-----------------|--|--|--|--|--|
|                              | June 30, 2022 |               | December 31, 2021 |
| Deferred debt issuance costs | $             | —  |                   |               | $ | 1,970,892  |  |
| Deferred offering costs      | 589,781  |               |                   | 621,719  |   |
|                              |               |               |                   |
| Deferred Financing Costs     | $             | 589,781  |                   |               | $ | 2,592,611  |  |

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|                                           |                   |                   |                   |                   |                         |                   |            |   |            |                   |                         |   |                   |  |  |            |                   |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|-------------------|-------------------|-------------------|-------------------|-------------------------|-------------------|------------|---|------------|-------------------|-------------------------|---|-------------------|--|--|------------|-------------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                           | June 30, 2022     |                   | December 31, 2021 |
|                                           | Cost              |                   | Fair Value        |                   | Percentage ofNet Assets |                   | Cost       |   | Fair Value |                   | Percentage ofNet Assets |
| Private Portfolio Companies               |                   |                   |                   |                   |                         |                   |            |   |            |                   |                         |
| Preferred Stock                           | $                 | 108,212,846  |                   |                   | $                       | 131,036,463  |            |   | 46.8  | %                 |                         | $ | 99,964,047   |  |  | $          | 163,801,798  |  |  | 44.9  | % |
| Common Stock                              | 50,601,512   |                   |                   | 23,521,102   |                         |                   | 8.4   | % |            | 51,581,524   |                         |   | 42,860,156   |  |  | 11.7  | %                 |
| Debt Investments                          | 5,807,373    |                   |                   | 2,505,099    |                         |                   | 0.9   | % |            | 5,807,373    |                         |   | 3,011,438    |  |  | 0.8   | %                 |
| Options                                   | 10,912,604   |                   |                   | 4,753,567    |                         |                   | 1.7   | % |            | 10,982,983   |                         |   | 4,959,112    |  |  | 1.4   | %                 |
| Total Private Portfolio Companies         | 175,534,335  |                   |                   | 161,816,231  |                         |                   | 57.8  | % |            | 168,335,927  |                         |   | 214,632,504  |  |  | 58.8  | %                 |
| Publicly Traded Portfolio Companies       |                   |                   |                   |                   |                         |                   |            |   |            |                   |                         |
| Common Stock                              | 38,580,694   |                   |                   | 37,581,043   |                         |                   | 13.4  | % |            | 39,119,450   |                         |   | 44,573,225   |  |  | 12.2  | %                 |
| Options                                   | 266,507      |                   |                   | 669,440      |                         |                   | 0.2   | % |            | —      |                         |   | 930,524      |  |  | 0.3   | %                 |
| Total Publicly Traded Portfolio Companies | 38,847,201   |                   |                   | 38,250,483   |                         |                   | 13.6  | % |            | 39,119,450   |                         |   | 45,503,749   |  |  | 12.5  | %                 |
|                                           |                   |                   |                   |                   |                         |                   |            |   |            |                   |                         |
|                                           |                   |                   |                   |                   |                         |                   |            |   |            |                   |                         |
|                                           |                   |                   |                   |                   |                         |                   |            |   |            |                   |                         |
| Total Investments                         | $                 | 214,381,536  |                   |                   | $                       | 200,066,714  |            |   | 71.4  | %                 |                         | $ | 207,455,377  |  |  | $          | 260,136,253  |  |  | 71.3  | % |

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|                   |                     |                   |                         |            |                         |   |            |            |                        |                  |                         |                   |            |   |             |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|---------------------|-------------------|-------------------------|------------|-------------------------|---|------------|------------|------------------------|------------------|-------------------------|-------------------|------------|---|-------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                   | As of June 30, 2022 |                   | As of December 31, 2021 |
|                   | Fair Value          |                   | Percentage ofPortfolio  |            | Percentage ofNet Assets |   | Fair Value |            | Percentage ofPortfolio |                  | Percentage ofNet Assets |
| Geographic Region |                     |                   |                         |            |                         |   |            |            |                        |                  |                         |
| West              | $                   | 136,121,677  |                         |            | 68.0               | % |            | 48.6  | %                      |                  | $                       | 188,304,542  |            |   | 72.4   | %          |   | 51.6  | % |
| Northeast         | 44,576,264     |                   |                         | 22.3  | %                       |   | 15.9  | %          |                        | 47,666,629  |                         |                   | 18.3  | % |             | 13.1  | % |
| Midwest           | 12,959,204     |                   |                         | 6.5   | %                       |   | 4.6   | %          |                        | 12,722,423  |                         |                   | 4.9   | % |             | 3.5   | % |
| International     | 6,409,569      |                   |                         | 3.2   | %                       |   | 2.3   | %          |                        | 11,442,659  |                         |                   | 4.4   | % |             | 3.1   | % |
| Total             | $                   | 200,066,714  |                         |            | 100.0              | % |            | 71.4  | %                      |                  | $                       | 260,136,253  |            |   | 100.0  | %          |   | 71.3  | % |

|                      |                     |                   |                         |            |                         |   |            |            |                        |                  |                         |                   |            |   |             |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------|---------------------|-------------------|-------------------------|------------|-------------------------|---|------------|------------|------------------------|------------------|-------------------------|-------------------|------------|---|-------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                      | As of June 30, 2022 |                   | As of December 31, 2021 |
|                      | Fair Value          |                   | Percentage ofPortfolio  |            | Percentage ofNet Assets |   | Fair Value |            | Percentage ofPortfolio |                  | Percentage ofNet Assets |
| Industry             |                     |                   |                         |            |                         |   |            |            |                        |                  |                         |
| Education Technology | $                   | 74,384,016   |                         |            | 37.0               | % |            | 26.6  | %                      |                  | $                       | 109,048,688  |            |   | 41.9   | %          |   | 29.9  | % |
| Financial Technology | 69,536,073     |                   |                         | 34.8  | %                       |   | 24.8  | %          |                        | 71,954,012  |                         |                   | 27.7  | % |             | 19.7  | % |
| Marketplaces         | 30,323,915     |                   |                         | 15.2  | %                       |   | 10.8  | %          |                        | 49,346,174  |                         |                   | 19.0  | % |             | 13.5  | % |
| Social/Mobile    | 19,965,998     |                   |                         | 10.0  | %                       |   | 7.1   | %          |                        | 16,439,523  |                         |                   | 6.3   | % |             | 4.5   | % |
| Big Data/Cloud   | 4,549,679      |                   |                         | 2.3   | %                       |   | 1.6   | %          |                        | 12,300,823  |                         |                   | 4.7   | % |             | 3.4   | % |
| Sustainability       | 1,307,033      |                   |                         | 0.7   | %                       |   | 0.5   | %          |                        | 1,047,033   |                         |                   | 0.4   | % |             | 0.3   | % |
| Total                | $                   | 200,066,714  |                         |            | 100.0              | % |            | 71.4  | %                      |                  | $                       | 260,136,253  |            |   | 100.0  | %          |   | 71.3  | % |

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|                      |  |                                     |  |  |  |  |  |  |
|----------------------|--|-------------------------------------|--|--|--|--|--|--|
| Industry Theme       |  | Industry                            |
| Education Technology |  | Business Education                  |
|                      |  |                                     |
|                      |  |                                     |
|                      |  |                                     |
|                      |  | Education Software                  |
|                      |  | Interactive Learning                |
|                      |  | Online Education                    |
| Big Data/Cloud   |  | Data Analysis                       |
|                      |  | Gaming Licensing                    |
|                      |  | Retail Technology                   |
|                      |  |                                     |
| Marketplaces         |  | Global Innovation Platform          |
|                      |  | Knowledge Networks                  |
|                      |  | Micromobility                       |
|                      |  | On-Demand Commerce                  |
|                      |  | Peer-to-Peer Pet Services           |
|                      |  | Pharmaceutical Technology           |
|                      |  | Real Estate Platform                |
|                      |  | Subscription Fashion Rental         |
| Financial Technology |  | Cannabis REIT                       |
|                      |  | Financial Services                  |
|                      |  | Home Improvement Finance            |
|                      |  | Mobile Finance Technology           |
|                      |  | Online Marketplace Finance          |
|                      |  | Gaming Technology                   |
|                      |  | Special Purpose Acquisition Company |
|                      |  | Venture Investment Fund             |
| Social/Mobile    |  | Digital Media Platform              |
|                      |  | Digital Media Technology            |
|                      |  | Interactive Media & Services    |
|                      |  | Mobile Access Technology            |
|                      |  | Social Data Platform                |
|                      |  | Fitness Technology                  |
|                      |  | Social Networking                   |
| Sustainability       |  | Clean Technology                    |

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|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |
|-------------------------------------|----------------------------------------------------------------------|------------------|-------------------------------------------------|------------------|---------------------------------------------|------------------|-------------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|
|                                     | As of June 30, 2022                                                  |
|                                     | 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                     | $                                                                    | —     |                                                 |                  | $                                           | —     |                   |  | $ | 131,036,463  |  |  | $ | 131,036,463  |  |
| Common Stock                        | —                                                         |                  |                                                 | —     |                                             |                  | 23,521,102   |  |   | 23,521,102   |  |
| Debt Investments                    | —                                                         |                  |                                                 | —     |                                             |                  | 2,505,099    |  |   | 2,505,099    |  |
| Options                             | —                                                         |                  |                                                 | —     |                                             |                  | 4,753,567    |  |   | 4,753,567    |  |
| Private Portfolio Companies         | —                                                         |                  |                                                 | —     |                                             |                  | 161,816,231  |  |   | 161,816,231  |  |
| Publicly Traded Portfolio Companies |                                                                      |                  |                                                 |                  |                                             |                  |                   |
| Common Stock                        | 16,461,972                                                      |                  |                                                 | 21,119,071  |                                             |                  | —      |  |   | 37,581,043   |  |
| Options                             | —                                                         |                  |                                                 | 669,440     |                                             |                  | —      |  |   | 669,440      |  |
| Publicly Traded Portfolio Companies | 16,461,972                                                      |                  |                                                 | 21,788,511  |                                             |                  | —      |  |   | 38,250,483   |  |
|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |
|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |
|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |
| Total Investments at Fair Value     | $                                                                    | 16,461,972  |                                                 |                  | $                                           | 21,788,511  |                   |  | $ | 161,816,231  |  |  | $ | 200,066,714  |  |

|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |
|-------------------------------------|----------------------------------------------------------------------|------------------|-------------------------------------------------|------------------|---------------------------------------------|------------------|-------------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|
|                                     | As of December 31, 2021                                              |
|                                     | 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                     | $                                                                    | —     |                                                 |                  | $                                           | —     |                   |  | $ | 163,801,798  |  |  | $ | 163,801,798  |  |
| Common Stock                        | —                                                         |                  |                                                 | —     |                                             |                  | 42,860,156   |  |   | 42,860,156   |  |
| Debt Investments                    | —                                                         |                  |                                                 | —     |                                             |                  | 3,011,438    |  |   | 3,011,438    |  |
| Options                             | —                                                         |                  |                                                 | —     |                                             |                  | 4,959,112    |  |   | 4,959,112    |  |
| Private Portfolio Companies         | —                                                         |                  |                                                 | —     |                                             |                  | 214,632,504  |  |   | 214,632,504  |  |
| Publicly Traded Portfolio Companies |                                                                      |                  |                                                 |                  |                                             |                  |                   |
| Common Stock                        | 16,970,411                                                      |                  |                                                 | 27,602,814  |                                             |                  | —      |  |   | 44,573,225   |  |
| Options                             | —                                                         |                  |                                                 | 930,524     |                                             |                  | —      |  |   | 930,524      |  |
| Publicly Traded Portfolio Companies | 16,970,411                                                      |                  |                                                 | 28,533,338  |                                             |                  | —      |  |   | 45,503,749   |  |
|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |
|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |
|                                     |                                                                      |                  |                                                 |                  |                                             |                  |                   |
| Total Investments at Fair Value     | $                                                                    | 16,970,411  |                                                 |                  | $                                           | 28,533,338  |                   |  | $ | 214,632,504  |  |  | $ | 260,136,253  |  |

----

TABLE OF CONTENTS

|                                      |                   |                                    |                            |                            |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|-------------------|------------------------------------|----------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|
| Asset                                | Fair Value        | ValuationApproach/Technique(1) | Unobservable Inputs(2)     | Range(Weighted Average)(3) |
| Common stock in private companies    | $23,521,102       | Market approach                    | Revenue multiples          | 1.26x - 3.41x (1.67x)      |
| Discounted cash flow                 | Discount rate     | 15.0% (15.0%)                      |
|                                      |                   |                                    |
| PWERM(5)                             | AFFO(4) multiple  | 21.90x -21.90x (21.90x)            |
|                                      |                   |                                    |
| Preferred stock in private companies | $131,036,463      | Market approach                    | Revenue multiples          | 0.22x - 4.60x (1.85x)      |
| Discounted cash flow                 | Discount rate     | 15.0% (15.0%)                      |
|                                      |                   |
| PWERM(5)                             | Revenue multiples | 0.56x - 4.60x (2.31x)              |
| DLOM                                 | 10.0% (10.0%)     |
| Financing Risk                       | 10.0% (10.0%)     |
| Debt investments                     | $2,505,099        | Market approach                    | Revenue multiples          | 0.47x - 4.60x (3.36x)      |
|                                      |                   |                                    |
| Options                              | $4,753,567        | Option pricing model               | Term to expiration (Years) | 1.50x - 5.79x (2.28x)      |
| Volatility                           | 38% - 81% (38%)   |
| Discounted cash flow                 | Discount Rate     | 15.0% (15.0%)                      |

----

TABLE OF CONTENTS

|                                      |                         |                                    |                            |                            |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|-------------------------|------------------------------------|----------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|
| Asset                                | Fair Value              | ValuationApproach/Technique(1) | Unobservable Inputs(2)     | Range(Weighted Average)(3) |
| Common stock in private companies    | $42,860,156             | Market approach                    | Revenue multiples          | 1.80x - 9.62x (6.00x)      |
| Discounted cash flow                 | Discount rate           | 15.0% (15.0%)                      |
| PWERM(5)                             | DLOM(6)                 | 10.0% (10.0%)                      |
| AFFO(4) multiple                     | 23.03 - 36.28x (23.03x) |
| Financing Risk                       | 10.0% (10.0%)           |
| Preferred stock in private companies | $163,801,798            | Market approach                    | Revenue multiples          | 0.53x - 9.62x (6.63x)      |
| Discounted cash flow                 | Discount rate           | 15.0% (15.0%)                      |
|                                      |                         |
| PWERM(5)                             | Revenue multiples       | 1.05x - 9.62x (3.04x)              |
| DLOM                                 | 10.0% (10.0%)           |
| Financing Risk                       | 10.0% (10.0%)           |
| Debt investments                     | $3,011,438              | Market approach                    | Revenue multiples          | 1.74x - 2.91x (1.95x)      |
|                                      |                         |                                    |
| Options                              | $4,959,112              | Option pricing model               | Term to expiration (Years) | 0.17 - 6.61 (3.08)         |
| Volatility                           | 37.7% - 56.5% (37.7%)   |
| Discounted cash flow                 | Discount Rate           | 15.0% (15.0%)                      |

----

TABLE OF CONTENTS

|                                                                                                                 |                                |                  |                |                  |                 |                   |               |  |       |                 |  |  |                  |                 |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------|--------------------------------|------------------|----------------|------------------|-----------------|-------------------|---------------|--|-------|-----------------|--|--|------------------|-----------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                 | Six Months Ended June 30, 2022 |
|                                                                                                                 | CommonStock                    |                  | PreferredStock |                  | DebtInvestments |                   | Options       |  | Total |
| Assets:                                                                                                     |                                |                  |                |                  |                 |                   |               |  |       |
| Fair Value as of December 31, 2021                                                                              | $                              | 42,860,156  |                |                  | $               | 163,801,798  |               |  | $     | 3,011,438  |  |  | $                | 4,959,112  |  |  | $ | 214,632,504  |  |
| Transfers out of Level 3(1)                                                                                | (6,918,251)                    |                  |                | (1,775,506)      |                 |                   | —  |  |       | (48,639)        |  |  | (8,742,396)      |                 |
| Purchases, capitalized fees and interest                                                                        | —                   |                  |                | 10,508,515  |                 |                   | 500,000  |  |       | —    |  |  | 11,008,515  |                 |
| Sales/Maturity of investments                                                                               | (874,470)                      |                  |                | —     |                 |                   | (500,000)     |  |       | —    |  |  | (1,374,470)      |                 |
|                                                                                                                 |                                |                  |                |                  |                 |                   |               |  |       |
|                                                                                                                 |                                |                  |                |                  |                 |                   |               |  |       |
| Realized gains/(losses)                                                                                     | 160,965                   |                  |                | —     |                 |                   | —  |  |       | (70,379)        |  |  | 90,586      |                 |
| Net change in unrealized appreciation/(depreciation) included in earnings                                   | (11,707,298)                   |                  |                | (41,498,344)     |                 |                   | (506,339)     |  |       | (86,527)        |  |  | (53,798,508)     |                 |
| Fair Value as of June 30, 2022                                                                                  | $                              | 23,521,102  |                |                  | $               | 131,036,463  |               |  | $     | 2,505,099  |  |  | $                | 4,753,567  |  |  | $ | 161,816,231  |  |
| Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held as of June 30, 2022 | $                              | 4,456,750   |                |                  | $               | (39,541,307)      |               |  | $     | (506,339)       |  |  | $                | 211,567    |  |  | $ | (35,379,329)      |  |

|                    |  |                                                                                                                                 |  |                                                                                                                |  |  |  |  |  |  |  |  |  |  |
|--------------------|--|---------------------------------------------------------------------------------------------------------------------------------|--|----------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company  |  | Conversion from                                                                                                                 |  | Conversion to                                                                                                  |
|                    |  |                                                                                                                                 |  |                                                                                                                |
| Forge Global, Inc. |  | Common Shares, Class AAJunior Preferred SharesJunior Preferred Warrants, Strike Price $12.42, Expiration Date 11/9/2025 |  | Public Common shares (Level 2)Common warrants, Strike Price $3.98, Expiration Date 11/9/2025 (Level 2) |
|                    |  |                                                                                                                                 |  |                                                                                                                |
|                    |  |                                                                                                                                 |  |                                                                                                                |
|                    |  |                                                                                                                                 |  |                                                                                                                |
|                    |  |                                                                                                                                 |  |                                                                                                                |
|                    |  |                                                                                                                                 |  |                                                                                                                |
|                    |  |                                                                                                                                 |  |                                                                                                                |
|                    |  |                                                                                                                                 |  |                                                                                                                |

|                                                                                                                     |                              |                  |                |                   |                 |                   |                 |  |       |                 |  |  |                   |                 |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------|------------------------------|------------------|----------------|-------------------|-----------------|-------------------|-----------------|--|-------|-----------------|--|--|-------------------|-----------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                     | Year Ended December 31, 2021 |
|                                                                                                                     | CommonStock                  |                  | PreferredStock |                   | DebtInvestments |                   | Options         |  | Total |
| Assets:                                                                                                         |                              |                  |                |                   |                 |                   |                 |  |       |
| Fair Value as of December 31, 2020                                                                                  | $                            | 34,190,839  |                |                   | $               | 141,235,987  |                 |  | $     | 4,845,340  |  |  | $                 | 5,872,210  |  |  | $ | 186,144,376  |  |
| Transfers out of Level 3(1)                                                                                    | (31,652,675)                 |                  |                | (155,414,652)     |                 |                   | (5,211,120)     |  |       | (1,619,463)     |  |  | (193,897,910)     |                 |
| Purchases, capitalized fees and interest                                                                            | 36,154,823              |                  |                | 43,239,463   |                 |                   | —    |  |       | 2,321,752  |  |  | 81,716,038   |                 |
| Sales/Maturity of investments                                                                                   | (61,675)                     |                  |                | (10,646,457)      |                 |                   | (2,344,979)     |  |       | —    |  |  | (13,053,111)      |                 |
|                                                                                                                     |                              |                  |                |                   |                 |                   |                 |  |       |
|                                                                                                                     |                              |                  |                |                   |                 |                   |                 |  |       |
| Realized gains/(losses)                                                                                         | 204,195                 |                  |                | 5,551,864    |                 |                   | 88,788     |  |       | (103,655)       |  |  | 5,741,192    |                 |
| Net change in unrealized appreciation/(depreciation) included in earnings                                       | 4,024,649               |                  |                | 139,835,593  |                 |                   | 5,633,409  |  |       | (1,511,732)     |  |  | 147,981,919  |                 |
| Fair Value as of December 31, 2021                                                                                  | $                            | 42,860,156  |                |                   | $               | 163,801,798  |                 |  | $     | 3,011,438  |  |  | $                 | 4,959,112  |  |  | $ | 214,632,504  |  |
| Net change in unrealized appreciation/ (depreciation) of Level 3 investments still held as of December 31, 2021 | $                            | 6,117,069   |                |                   | $               | 46,943,434   |                 |  | $     | —    |  |  | $                 | (586,899)       |  |  | $ | 52,473,604   |  |

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TABLE OF CONTENTS

|                                                                               |  |                                                                                                                 |  |                                                  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------|--|-----------------------------------------------------------------------------------------------------------------|--|--------------------------------------------------|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                             |  | Conversion from                                                                                                 |  | Conversion to                                    |
|                                                                               |  |                                                                                                                 |  |                                                  |
| Coursera, Inc.                                                                |  | Preferred shares, Series F 8%Preferred shares, Series B 8%                                                      |  | Public Common shares (Level 2)                   |
| Churchill Capital Corp. II                                                    |  | Common shares, Class A                                                                                          |  | Skillsoft Corp. Public Common shares (Level 2)   |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.) |  | Common shares                                                                                                   |  | Public Common shares (Level 2)                   |
| A Place for Rover, Inc. (f/k/a DogVacay, Inc.)                        |  | Common shares                                                                                                   |  | Rover Group, Inc. Public Common shares (Level 2) |
| Enjoy Technology, Inc.                                                        |  | Preferred shares, Series B 6%Preferred shares, Series A 6%Convertible Promissory Note 14% Due 1/30/2024 |  | Public Common shares (Level 2)                   |
| Nextdoor Holdings, Inc.                                                       |  | Common shares                                                                                                   |  | Public Common shares (Level 2)                   |
| Rent the Runway, Inc.                                                         |  | Preferred shares, Series G                                                                                      |  | Public Common shares (Level 2)                   |
|                                                                               |  |                                                                                                                 |  |                                                  |

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TABLE OF CONTENTS

|                                                                                                       |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |               |               |               |                  |                 |                  |            |               |               |   |   |                  |                 |  |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------|--|------------------------|------------------|-----------------------------------------------|---------------|---------------------------------|------------------|------------------------|------------------|-----------------|-----------------------------------------------------|---------------|---------------|---------------|----------------------------|---------------|------------------------------|---------------|-----------------------------|---------------|------------------------|---------------|---------------|---------------|---------------|------------------|-----------------|------------------|------------|---------------|---------------|---|---|------------------|-----------------|--|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                |  | Principal/Quantity |                  | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2021 |                  | Transfer In/ (Out) |                  |                 | Purchases,Capitalized Fees,Interest andAmortization |               | Sales         |               | RealizedGains/(Losses) |               | UnrealizedGains/(Losses) |               | Fair Value at June 30, 2022 |               | Percentageof NetAssets |               |
| CONTROLLED INVESTMENTS*(2)                                                                            |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Options                                                                                               |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Special Purpose Acquisition Company                                                                   |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Colombier Sponsor LLC**–Class W Units(7)                                                        |  | 2,700,000         |                  |                                               | $             | —                    |                  |                        | $                | 1,157,487  |                                                     |               | $             | —  |                            |               |                              | $             | —                |               |                        | $             | —  |               |               | $                | —    |                  |            | $             | —  |   |   | $                | 1,157,487  |  |            | 0.41  | % |  |
| Total Options                                                                                         |  |                        |                  | —                                  |               |                                 | 1,157,487   |                        |                  | —    |                                                     |               |               | —  |                            |               | —                 |               |                             | —  |                        |               | —  |               |               | 1,157,487   |                 |                  | 0.41  | %             |               |
| Preferred Stock                                                                                       |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Clean Technology                                                                                      |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Preferred shares, Class A(4) |  | 14,300,000        |                  |                                               | —  |                                 |                  | 1,047,033         |                  |                 | —                                        |               |               |               | —               |               |                              | —  |                             |               | —           |               |               | 260,000  |               |                  | 1,307,033  |                  |            | 0.47     | %             |   |
| Total Preferred Stock                                                                                 |  |                        |                  | —                                  |               |                                 | 1,047,033   |                        |                  | —    |                                                     |               |               | —  |                            |               | —                 |               |                             | —  |                        |               | 260,000  |               |               | 1,307,033   |                 |                  | 0.47  | %             |               |
| Common Stock                                                                                          |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Clean Technology                                                                                      |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Common shares                     |  | 100,000           |                  |                                               | —  |                                 |                  | —           |                  |                 | —                                        |               |               |               | —               |               |                              | —  |                             |               | —           |               |               | —  |               |                  | —    |                  |            | —  | %             |   |
| Mobile Finance Technology                                                                             |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Architect Capital PayJoy SPV, LLC**–Membership Interest in Lending SPV***(7)                    |  | $                      | 10,000,000  |                                               |               | 840,000                    |                  |                        | 10,000,000  |                 |                                                     | —  |               |               |                            | —  |                              |               | —                |               |                        | —  |               |               | —  |                  |                 | 10,000,000  |            |               | 3.57     | % |   |
| Special Purpose Acquisition Company                                                                   |  |                        |                  |                                               |               |                                 |                  |                        |                  |                 |                                                     |               |               |               |                            |               |                              |               |                             |               |                        |               |
| Colombier Sponsor LLC**–Class B Units(7)                                                        |  | 1,976,033         |                  |                                               | —  |                                 |                  | 1,554,354         |                  |                 | —                                        |               |               |               | —               |               |                              | —  |                             |               | —           |               |               | —  |               |                  | 1,554,354  |                  |            | 0.55     | %             |   |
| Total Common Stock                                                                                    |  |                        |                  | 840,000                                  |               |                                 | 11,554,354  |                        |                  | —    |                                                     |               |               | —  |                            |               | —                 |               |                             | —  |                        |               | —  |               |               | 11,554,354  |                 |                  | 4.12  | %             |               |
| TOTAL CONTROLLED INVESTMENTS*(2)                                                                      |  |                        |                  | $                                             | 840,000  |                                 |                  | $                      | 13,758,874  |                 |                                                     | $             | —  |               |                            |               | $                            | —  |                             |               | $                      | —  |               |               | $             | —     |                 |                  | $          | 260,000  |               |   | $ | 14,018,874  |                 |  | 5.00  | %          |   |

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TABLE OF CONTENTS

|                                                                                                                  |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |               |               |  |                  |                 |               |               |               |   |               |  |  |   |               |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------|--|------------------------|-----------------|-----------------------------------------------|---------------|---------------------------------|------------------|------------------------|--|---------------|-----------------------------------------------------|--|-------|---------------|----------------------------|--|------------------------------|---------------|-----------------------------|---------------|------------------------|--|---------------|---------------|--|------------------|-----------------|---------------|---------------|---------------|---|---------------|--|--|---|---------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                           |  | Principal/Quantity |                 | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2021 |                  | Transfer In/ (Out) |  |               | Purchases,Capitalized Fees,Interest andAmortization |  | Sales |               | RealizedGains/(Losses) |  | UnrealizedGains/(Losses) |               | Fair Value at June 30, 2022 |               | Percentageof NetAssets |  |
| NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                                     |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |
| Debt Investments                                                                                                 |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |
| Global Innovation Platform                                                                                       |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.) –Convertible Promissory Note 8%, Due 8/23/2024(3)(6) |  | $                      | 1,010,198  |                                               |               | $                               | —     |                        |  | $             | 505,099                                        |  |       | $             | —               |  |                              |               | $                           | —  |                        |  | $             | —  |  |                  | $               | —  |               |               | $ | —  |  |  | $ | 505,099  |  |  | 0.18  | % |  |
| Total Debt Investments                                                                                           |  |                        |                 | —                                  |               |                                 | 505,099     |                        |  | —  |                                                     |  |       | —  |                            |  | —                 |               |                             | —  |                        |  | —  |               |  | 505,099     |                 |               | 0.18     | %             |   |
| Preferred Stock                                                                                                  |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |
| 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                                                                                           |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |
| Ozy Media, Inc.–Preferred shares, Series C-2 6%                                                       |  | 683,482           |                 |                                               | —  |                                 |                  | —           |  |               | —                                        |  |       |               | —               |  |                              |               |                             | —  |                        |  | —  |               |  | —     |                 |               | —  | %             |   |
| Ozy Media, Inc.–Preferred shares, Series B 6%                                                         |  | 922,509           |                 |                                               | —  |                                 |                  | —           |  |               | —                                        |  |       |               | —               |  |                              | —  |                             |               | —           |  |               | —  |  |                  | —    |               |               | —  | % |               |
| Ozy Media, Inc.–Preferred shares, Series A 6%                                                         |  | 1,090,909         |                 |                                               | —  |                                 |                  | —           |  |               | —                                        |  |       |               | —               |  |                              | —  |                             |               | —           |  |               | —  |  |                  | —    |               |               | —  | % |               |
| Ozy Media, Inc.–Preferred shares, Series Seed 6%                                                      |  | 500,000           |                 |                                               | —  |                                 |                  | —           |  |               | —                                        |  |       |               | —               |  |                              | —  |                             |               | —           |  |               | —  |  |                  | —    |               |               | —  | % |               |
| Total Digital Media Platform                                                                                     |  |                        |                 | —                                  |               |                                 | —     |                        |  | —  |                                                     |  |       | —  |                            |  | —                 |               |                             | —  |                        |  | —  |               |  | —     |                 |               | —  | %             |   |
| Interactive Learning                                                                                             |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |
| StormWind, LLC–Preferred shares, Series D 8%(5)                                                       |  | 329,337           |                 |                                               | —  |                                 |                  | 621,093           |  |               | —                                        |  |       |               | —               |  |                              |               |                             | —  |                        |  | (27,743)      |               |  | 593,350     |                 |               | 0.21     | %             |   |
| StormWind, LLC–Preferred shares, Series C 8%(5)                                                       |  | 2,779,134         |                 |                                               | —  |                                 |                  | 6,496,729         |  |               | —                                        |  |       |               | —               |  |                              | —  |                             |               | —           |  |               | (260,027)     |  |                  | 6,236,702  |               |               | 2.23     | % |               |
| StormWind, LLC–Preferred shares, Series B 8%(5)                                                       |  | 3,279,629         |                 |                                               | —  |                                 |                  | 4,423,607         |  |               | —                                        |  |       |               | —               |  |                              | —  |                             |               | —           |  |               | (276,271)     |  |                  | 4,147,336  |               |               | 1.48     | % |               |
| StormWind, LLC–Preferred shares, Series A 8%(5)                                                       |  | 366,666           |                 |                                               | —  |                                 |                  | 289,293           |  |               | —                                        |  |       |               | —               |  |                              | —  |                             |               | —           |  |               | (30,887)      |  |                  | 258,406    |               |               | 0.09     | % |               |
| Total Interactive Learning                                                                                       |  |                        |                 | —                                  |               |                                 | 11,830,722  |                        |  | —  |                                                     |  |       | —  |                            |  | —                 |               |                             | —  |                        |  | (594,928)     |               |  | 11,235,794  |                 |               | 4.01     | %             |   |
| Total Preferred Stock                                                                                            |  |                        |                 | —                                  |               |                                 | 11,830,722  |                        |  | —  |                                                     |  |       | —  |                            |  | —                 |               |                             | —  |                        |  | (594,928)     |               |  | 11,235,794  |                 |               | 4.01     | %             |   |
|                                                                                                                  |  |                        |                 |                                               |               |                                 |                  |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                             |               |                        |  |

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TABLE OF CONTENTS

|                                                                                                                                             |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |               |               |                 |                 |                 |            |               |               |               |  |   |                  |               |  |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------|--|------------------------|--|-----------------------------------------------|---------------|---------------------------------|-----------------|------------------------|------------------|---------------|-----------------------------------------------------|---|---------------|---------------|----------------------------|--|------------------------------|---------------|-----------------------------|---------------|------------------------|---------------|---------------|---------------|-----------------|-----------------|-----------------|------------|---------------|---------------|---------------|--|---|------------------|---------------|--|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                                                      |  | Principal/Quantity |  | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2021 |                 | Transfer In/ (Out) |                  |               | Purchases,Capitalized Fees,Interest andAmortization |   | Sales         |               | RealizedGains/(Losses) |  | UnrealizedGains/(Losses) |               | Fair Value at June 30, 2022 |               | Percentageof NetAssets |               |
| Options                                                                                                                                     |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
| Digital Media Platform                                                                                                                      |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
| Ozy Media, Inc.–Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                                                 |  | 295,565           |  |                                               | $             | —                    |                 |                        | $                | —  |                                                     |   | $             | —  |                            |  |                              | $             | —                |               |                        | $             | —  |               |                 | $               | —    |            |               | $             | —  |  |   | $                | —  |  |            | —  | % |  |
| Global Innovation Platform                                                                                                                  |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022  |  | —           |  |                                               | —  |                                 |                 | —           |                  |               | —                                        |   |               |               | —               |  |                              | —  |                             |               | (70,379)               |               |               | 70,379   |                 |                 | —    |            |               | —  | %             |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023 |  | 250,000           |  |                                               | —  |                                 |                 | 5,000             |                  |               | —                                        |   |               |               | —               |  |                              | —  |                             |               | —           |               |               | (1,250)       |                 |                 | 3,750      |            |               | 0.00     | %             |  |
| Derivative Security, Expiration Date 8/23/2024(6)                                                                                   |  | 1                 |  |                                               | —  |                                 |                 | 2,268,268         |                  |               | —                                        |   |               |               | —               |  |                              | —  |                             |               | —           |               |               | 164,179  |                 |                 | 2,432,447  |            |               | 0.87     | %             |  |
| Total Global Innovation Platform                                                                                                            |  |                        |  | —                                  |               |                                 | 2,273,268  |                        |                  | —  |                                                     |   |               | —  |                            |  |                              |               | (70,379)                    |               |                        | 233,308  |               |               | 2,436,197  |                 |                 | 0.87  | %             |               |
| Total Options                                                                                                                               |  |                        |  | —                                  |               |                                 | 2,273,268  |                        |                  | —  |                                                     |   |               | —  |                            |  | —                 |               |                             | (70,379)      |                        |               | 233,308  |               |                 | 2,436,197  |                 |            | 0.87     | %             |               |
| Common Stock                                                                                                                                |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
| Online Education                                                                                                                            |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
| Curious.com, Inc.–Common shares                                                                                                       |  | 1,135,944         |  |                                               | —  |                                 |                 | —           |                  |               | —                                        |   |               |               | —               |  |                              | —  |                             |               | —           |               |               | —  |                 |                 | —    |            |               | —  | %             |  |
|                                                                                                                                             |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
|                                                                                                                                             |  |                        |  |                                               |               |                                 |                 |                        |                  |               |                                                     |   |               |               |                            |  |                              |               |                             |               |                        |               |
| Total Common Stock                                                                                                                          |  |                        |  | —                                  |               |                                 | —    |                        |                  | —  |                                                     |   |               | —  |                            |  | —                 |               |                             | —  |                        |               | —  |               |                 | —    |                 |            | —  | %             |               |
| TOTAL NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                                                          |  |                        |  | $                                             | —  |                                 |                 | $                      | 14,609,089  |               |                                                     | $ | —  |               |                            |  | $                            | —  |                             |               | $                      | —  |               |               | $               | (70,379)        |                 |            | $             | (361,620)     |               |  | $ | 14,177,090  |               |  | 5.06  | %             |   |

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|                                                                                                                |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |               |               |         |                  |                 |                  |            |               |            |               |   |                  |                 |               |            |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------|--|------------------------|------------------|-----------------------------------------------|---------------|---------------------------------|---------------|------------------------|---------------|---------------|-----------------------------------------------------|---------------|---------------|------------------|----------------------------|------------------|------------------------------|------------------|---------------------------------|---------------|------------------------|---------------|---------------|---------------|---------|------------------|-----------------|------------------|------------|---------------|------------|---------------|---|------------------|-----------------|---------------|------------|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                         |  | Principal/Quantity |                  | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2020 |               | Transfer In/ (Out) |               |               | Purchases,Capitalized Fees,Interest andAmortization |               | Sales         |                  | RealizedGains/(Losses) |                  | UnrealizedGains/(Losses) |                  | Fair Value at December 31, 2021 |               | Percentageof NetAssets |               |
| CONTROLLED INVESTMENTS*(2)                                                                                     |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Options                                                                                                        |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Special Purpose Acquisition Company                                                                            |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Colombier Sponsor LLC**–Class W Units(9)                                                                 |  | 2,700,000         |                  |                                               | $             | —                    |               |                        | $             | —  |                                                     |               | $             | —     |                            |                  |                              | $                | 1,159,150                  |               |                        | $             | —  |               |         | $                | —    |                  |            | $             | (1,663)    |               |   | $                | 1,157,487  |               |            | 0.32  | %             |   |
| Total Options                                                                                                  |  |                        |                  | —                                  |               |                                 | —  |                        |               | —  |                                                     |               |               | 1,159,150   |                            |                  | —                 |                  |                                 | —  |                        |               | (1,663)       |               |         | 1,157,487   |                 |                  | 0.32  | %             |            |
| Preferred Stock                                                                                                |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Clean Technology                                                                                               |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Preferred shares, Class A(4)          |  | 14,300,000        |                  |                                               | —  |                                 |               | 809,198           |               |               | —                                        |               |               |                  | —               |                  |                              | —     |                                 |               | —           |               |               | 237,835  |         |                  | 1,047,033  |                  |            | 0.29     | %          |               |
| Total Preferred Stock                                                                                          |  |                        |                  | —                                  |               |                                 | 809,198  |                        |               | —  |                                                     |               |               | —     |                            |                  | —                 |                  |                                 | —  |                        |               | 237,835  |               |         | 1,047,033   |                 |                  | 0.29  | %             |            |
| Common Stock                                                                                                   |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Clean Technology                                                                                               |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)–Common shares                              |  | 100,000           |                  |                                               | —  |                                 |               | —           |               |               | —                                        |               |               |                  | —               |                  |                              | —     |                                 |               | —           |               |               | —  |         |                  | —    |                  |            | —  | %          |               |
| Mobile Finance Technology                                                                                      |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Architect Capital PayJoy SPV, LLC**–Membership Interest in Lending SPV***(7)                             |  | $                      | 10,000,000  |                                               |               | 390,000                    |               |                        | —  |               |                                                     | —  |               |                  |                            | 10,006,745  |                              |                  | —                    |               |                        | —  |               |               | (6,745) |                  |                 | 10,000,000  |            |               | 2.74  | %             |   |
| Special Purpose Acquisition Company                                                                            |  |                        |                  |                                               |               |                                 |               |                        |               |               |                                                     |               |               |                  |                            |                  |                              |                  |                                 |               |                        |               |
| Colombier Sponsor LLC**–Class B Units(9)                                                                 |  | 1,976,033         |                  |                                               | —  |                                 |               | —           |               |               | —                                        |               |               |                  | 1,556,587             |                  |                              | —     |                                 |               | —           |               |               | (2,233)       |         |                  | 1,554,354  |                  |            | 0.43     | %          |               |
| Total Common Stock                                                                                             |  |                        |                  | 390,000                                  |               |                                 | —  |                        |               | —  |                                                     |               |               | 11,563,332  |                            |                  | —                 |                  |                                 | —  |                        |               | (8,978)       |               |         | 11,554,354  |                 |                  | 3.17  | %             |            |
| TOTAL CONTROLLED INVESTMENTS*(2)                                                                               |  |                        |                  | $                                             | 390,000  |                                 |               | $                      | 809,198  |               |                                                     | $             | —  |                  |                            |                  | $                            | 12,722,482  |                                 |               | $                      | —  |               |               | $       | —     |                 |                  | $          | 227,194  |            |               | $ | 13,758,874  |                 |               | 3.78  | %          |               |
| 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 |  | $                      | —     |                                               |               | $                               | —  |                        |               | $             | 312,790                                        |               |               | $                | —               |                  |                              |                  | $                               | —  |                        |               | $             | (1,344,981)   |         |                  | $               | 88,789      |            |               | $          | 943,402  |   |                  | $               | —  |            |            | —  | % |  |

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|                                                                                                                 |  |                        |                 |                                               |               |                                 |                 |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |  |                 |                 |  |               |                 |               |               |               |   |               |  |  |   |               |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------|--|------------------------|-----------------|-----------------------------------------------|---------------|---------------------------------|-----------------|------------------------|--|---------------|-----------------------------------------------------|--|-------|---------------|----------------------------|--|------------------------------|---------------|---------------------------------|-----------------|------------------------|--|-----------------|-----------------|--|---------------|-----------------|---------------|---------------|---------------|---|---------------|--|--|---|---------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                          |  | Principal/Quantity |                 | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2020 |                 | Transfer In/ (Out) |  |               | Purchases,Capitalized Fees,Interest andAmortization |  | Sales |               | RealizedGains/(Losses) |  | UnrealizedGains/(Losses) |               | Fair Value at December 31, 2021 |                 | Percentageof NetAssets |  |
| Global Innovation Platform                                                                                      |  |                        |                 |                                               |               |                                 |                 |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.) –Convertible Promissory Note 8% Due 8/23/2024(3)(6) |  | $                      | 1,010,198  |                                               |               | $                               | —    |                        |  | $             | 505,099                                        |  |       | $             | —               |  |                              |               | $                               | —    |                        |  | $               | —    |  |               | $               | —  |               |               | $ | —  |  |  | $ | 505,099  |  |  | 0.14  | % |  |
| Total Debt Investments                                                                                          |  |                        |                 | —                                  |               |                                 | 817,889    |                        |  | —  |                                                     |  |       | —  |                            |  | (1,344,981)                  |               |                                 | 88,789     |                        |  | 943,402    |                 |  | 505,099  |                 |               | 0.14     | %             |   |
| Preferred Stock                                                                                                 |  |                        |                 |                                               |               |                                 |                 |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |  |
| Corporate Education                                                                                             |  |                        |                 |                                               |               |                                 |                 |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |  |
| CUX, Inc. (d/b/a CorpU)–Convertible preferred shares, Series D 6%                            |  | —           |                 |                                               | —  |                                 |                 | 73,882            |  |               | —                                        |  |       |               | —               |  |                              | (1,159,243)   |                                 |                 | 380,636           |  |                 | 704,725    |  |               | —    |               |               | —  | % |               |
| CUX, Inc. (d/b/a CorpU) -Convertible preferred shares, Series C 8%                                 |  | —           |                 |                                               | —  |                                 |                 | —           |  |               | —                                        |  |       |               | —               |  |                              | (3,504,871)   |                                 |                 | 1,498,794         |  |                 | 2,006,077  |  |               | —    |               |               | —  | % |               |
| Total Corporate Education                                                                                       |  |                        |                 | —                                  |               |                                 | 73,882     |                        |  | —  |                                                     |  |       | —  |                            |  | (4,664,114)                  |               |                                 | 1,879,430  |                        |  | 2,710,802  |                 |  | —  |                 |               | —  | %             |   |
| 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                                                                                          |  |                        |                 |                                               |               |                                 |                 |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |  |
| Ozy Media, Inc.–Preferred shares, Series C-2 6%                                                      |  | 683,482           |                 |                                               | —  |                                 |                 | 1,865,547         |  |               | —                                        |  |       |               | —               |  |                              |               |                                 | —    |                        |  | (1,865,547)     |                 |  | —  |                 |               | —  | %             |   |
| Ozy Media, Inc.–Preferred shares, Series B 6%                                                        |  | 922,509           |                 |                                               | —  |                                 |                 | 3,350,952         |  |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |  |                 | (3,350,952)     |  |               | —    |               |               | —  | % |               |
| Ozy Media, Inc.–Preferred shares, Series A 6%                                                        |  | 1,090,909         |                 |                                               | —  |                                 |                 | 2,824,679         |  |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |  |                 | (2,824,679)     |  |               | —    |               |               | —  | % |               |
| Ozy Media, Inc.–Preferred shares, Series Seed 6%                                                     |  | 500,000           |                 |                                               | —  |                                 |                 | 1,294,645         |  |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |  |                 | (1,294,645)     |  |               | —    |               |               | —  | % |               |
| Total Digital Media Platform                                                                                    |  |                        |                 | —                                  |               |                                 | 9,335,823  |                        |  | —  |                                                     |  |       | —  |                            |  | —                 |               |                                 | —    |                        |  | (9,335,823)     |                 |  | —  |                 |               | —  | %             |   |
| Interactive Learning                                                                                            |  |                        |                 |                                               |               |                                 |                 |                        |  |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |  |
| StormWind, LLC–Preferred shares, Series D 8%(5)                                                      |  | 329,337           |                 |                                               | —  |                                 |                 | 440,515           |  |               | —                                        |  |       |               | —               |  |                              |               |                                 | —    |                        |  | 180,578    |                 |  | 621,093  |                 |               | 0.17     | %             |   |
| StormWind, LLC–Preferred shares, Series C 8%(5)                                                      |  | 2,779,134         |                 |                                               | —  |                                 |                 | 4,804,218         |  |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |  |                 | 1,692,511  |  |               | 6,496,729  |               |               | 1.78     | % |               |
| StormWind, LLC–Preferred shares, Series B 8%(5)                                                      |  | 3,279,629         |                 |                                               | —  |                                 |                 | 2,625,365         |  |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |  |                 | 1,798,242  |  |               | 4,423,607  |               |               | 1.21     | % |               |

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|                                                                                                                                              |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |                 |               |                 |                  |                 |            |            |               |               |  |  |   |               |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------------------------------------|--|------------------------|--|-----------------------------------------------|---------------|---------------------------------|------------------|------------------------|---|---------------|-----------------------------------------------------|--|-------|---------------|----------------------------|--|------------------------------|---------------|---------------------------------|-----------------|------------------------|--------------|-----------------|---------------|-----------------|------------------|-----------------|------------|------------|---------------|---------------|--|--|---|---------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                                                       |  | Principal/Quantity |  | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2020 |                  | Transfer In/ (Out) |   |               | Purchases,Capitalized Fees,Interest andAmortization |  | Sales |               | RealizedGains/(Losses) |  | UnrealizedGains/(Losses) |               | Fair Value at December 31, 2021 |                 | Percentageof NetAssets |              |
| StormWind, LLC–Preferred shares, Series A 8%(5)                                                                                   |  | 366,666           |  |                                               | $             | —                    |                  |                        | $ | 88,248   |                                                     |  | $     | —  |                            |  |                              | $             | —                    |                 |                        | $            | —    |               |                 | $                | —    |            |            | $             | 201,045  |  |  | $ | 289,293  |  |  | 0.08  | % |  |
| Total Interactive Learning                                                                                                                   |  |                        |  | —                                  |               |                                 | 7,958,346   |                        |   | —  |                                                     |  |       | —  |                            |  | —                 |               |                                 | —    |                        |              | 3,872,376  |               |                 | 11,830,722  |                 |            | 3.24  | %             |               |
| Total Preferred Stock                                                                                                                        |  |                        |  | —                                  |               |                                 | 17,368,051  |                        |   | —  |                                                     |  |       | —  |                            |  | (4,664,114)                  |               |                                 | 1,879,430  |                        |              | (2,752,645)     |               |                 | 11,830,722  |                 |            | 3.24  | %             |               |
| Options                                                                                                                                      |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |
| Digital Media Platform                                                                                                                       |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |
| Ozy Media, Inc.–Common Warrants, Strike Price $0.01, Expiration Date 4/9/2028                                                  |  | 295,565           |  |                                               | —  |                                 |                  | 762,558           |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | (762,558)     |                 |                  | —    |            |            | —  | %             |  |
| Global Innovation Platform                                                                                                                   |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series A-3 - Strike Price $1.33, Expiration  Date 4/4/2021     |  | —           |  |                                               | —  |                                 |                  | 4,687             |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | (4,687)       |                 |                  | —    |            |            | —  | %             |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series A-4, Strike Price $1.33, Expiration Date 7/18/2021 |  | —           |  |                                               | —  |                                 |                  | 27,500            |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | (74,380)               |              |                 | 46,880   |                 |                  | —    |            |            | —  | %             |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series A-4, Strike Price $1.33, Expiration Date 10/6/2021 |  | —           |  |                                               | —  |                                 |                  | 65,000            |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | (65,000)      |                 |                  | —    |            |            | —  | %             |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 11/29/2021  |  | —           |  |                                               | —  |                                 |                  | —           |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | (29,275)               |              |                 | 29,275   |                 |                  | —    |            |            | —  | %             |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 5/29/2022   |  | 125,000           |  |                                               | —  |                                 |                  | —           |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | —  |                 |                  | —    |            |            | —  | %             |  |
| OneValley, Inc. (f/k/a NestGSV, Inc.)–Preferred Warrant Series B, Strike Price $2.31, Expiration Date 12/31/2023  |  | 250,000           |  |                                               | —  |                                 |                  | 9,250             |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | (4,250)       |                 |                  | 5,000      |            |            | 0.01     | %             |  |
| Derivative Security, Expiration Date 8/23/2024(6)                                                                                    |  | 1                 |  |                                               | —  |                                 |                  | 2,173,148         |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | 95,120   |                 |                  | 2,268,268  |            |            | 0.62     | %             |  |
| Total Global Innovation Platform                                                                                                             |  |                        |  | —                                  |               |                                 | 2,279,585   |                        |   | —  |                                                     |  |       | —  |                            |  |                              |               | (103,655)                       |                 |                        | 97,338  |                 |               | 2,273,268  |                  |                 | 0.63  | %          |               |
| Total Options                                                                                                                                |  |                        |  | —                                  |               |                                 | 3,042,143   |                        |   | —  |                                                     |  |       | —  |                            |  | —                 |               |                                 | (103,655)       |                        |              | (665,220)       |               |                 | 2,273,268   |                 |            | 0.63  | %             |               |
| Common Stock                                                                                                                                 |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |
| Online Education                                                                                                                             |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |
| Curious.com, Inc.–Common shares                                                                                                        |  | 1,135,944         |  |                                               | —  |                                 |                  | —           |   |               | —                                        |  |       |               | —               |  |                              | —  |                                 |                 | —           |              |                 | —  |                 |                  | —    |            |            | —  | %             |  |
|                                                                                                                                              |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |
| Cannabis REIT                                                                                                                                |  |                        |  |                                               |               |                                 |                  |                        |   |               |                                                     |  |       |               |                            |  |                              |               |                                 |                 |                        |              |

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|                                                                                                           |  |                        |  |                                               |               |                                 |                 |                        |                  |                 |                                                     |   |             |               |                            |  |                              |               |                                 |               |                        |             |               |  |   |                 |               |  |               |             |           |  |   |                  |               |  |            |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------|--|------------------------|--|-----------------------------------------------|---------------|---------------------------------|-----------------|------------------------|------------------|-----------------|-----------------------------------------------------|---|-------------|---------------|----------------------------|--|------------------------------|---------------|---------------------------------|---------------|------------------------|-------------|---------------|--|---|-----------------|---------------|--|---------------|-------------|-----------|--|---|------------------|---------------|--|------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type/Industry/Portfolio Company/Investment                                                    |  | Principal/Quantity |  | Interest, Fees, orDividends Creditedin Income |               | Fair Value at December 31, 2020 |                 | Transfer In/ (Out) |                  |                 | Purchases,Capitalized Fees,Interest andAmortization |   | Sales       |               | RealizedGains/(Losses) |  | UnrealizedGains/(Losses) |               | Fair Value at December 31, 2021 |               | Percentageof NetAssets |             |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.)**–Common shares***(8) |  | —           |  |                                               | $             | 102,632                    |                 |                        | $                | 8,937,690  |                                                     |   | $           | (9,009,952)   |                            |  |                              | $             | 500,319                    |               |                        | $           | —  |  |   | $               | —  |  |               | $           | (428,057) |  |   | $                | —  |  |            | —  | % |  |
|                                                                                                           |  |                        |  |                                               |               |                                 |                 |                        |                  |                 |                                                     |   |             |               |                            |  |                              |               |                                 |               |                        |             |
|                                                                                                           |  |                        |  |                                               |               |                                 |                 |                        |                  |                 |                                                     |   |             |               |                            |  |                              |               |                                 |               |                        |             |
| Total Common Stock                                                                                        |  |                        |  | 102,632                                  |               |                                 | 8,937,690  |                        |                  | (9,009,952)     |                                                     |   |             | 500,319  |                            |  | —                 |               |                                 | —  |                        |             | (428,057)     |  |   | —    |               |  | —  | %           |           |
| TOTAL NON-CONTROLLED/AFFILIATE INVESTMENTS*(1)                                                        |  |                        |  | $                                             | 102,632  |                                 |                 | $                      | 30,165,773  |                 |                                                     | $ | (9,009,952) |               |                            |  | $                            | 500,319  |                                 |               | $                      | (6,009,095) |               |  | $ | 1,864,564  |               |  | $             | (2,902,520) |           |  | $ | 14,609,089  |               |  | 4.01  | %             |   |

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|                                                                                        |                             |              |                           |                  |      |                  |                  |  |   |                  |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------|-----------------------------|--------------|---------------------------|------------------|------|------------------|------------------|--|---|------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                        | Three Months Ended June 30, |              | Six Months Ended June 30, |                  |      |
|                                                                                        | 2022                        |              | 2021                      |                  | 2022 |                  | 2021             |  |   |                  |  |  |   |
| Earnings per common share–basic:                                             |                             |              |                           |                  |      |                  |                  |  |   |                  |  |  |   |
| Net change in net assets resulting from operations                                | $                           | (94,339,688) |                           |                  | $    | 33,357,064  |                  |  | $ | (73,883,233)     |  |  | $ | 141,359,427  |  |  |  |  |  |  |  |
| Weighted-average common shares–basic                                             | 30,633,878             |              |                           | 25,334,482  |      |                  | 30,929,321  |  |   | 22,923,943  |  |  |   |                   |  |  |  |
| Earnings per common share–basic                                                  | $                           | (3.08)       |                           |                  | $    | 1.32        |                  |  | $ | (2.39)           |  |  | $ | 6.17         |  |  |  |  |  |  |  |
| Earnings per common share–diluted:                                           |                             |              |                           |                  |      |                  |                  |  |   |                  |  |  |   |
| Net change in net assets resulting from operations                                | $                           | (94,339,688) |                           |                  | $    | 33,357,064  |                  |  | $ | (73,883,233)     |  |  | $ | 141,359,427  |  |  |  |  |  |  |  |
|                                                                                        |                             |              |                           |                  |      |                  |                  |  |   |                  |  |  |   |
| Adjustment for interest and amortization on 4.75% Convertible Senior Notes due 2023(1) | —                |              |                           | —     |      |                  | —     |  |   | 501,065     |  |  |   |                   |  |  |  |
| Net change in net assets resulting from operations, as adjusted                        | $                           | (94,339,688) |                           |                  | $    | 33,357,064  |                  |  | $ | (73,883,233)     |  |  | $ | 141,860,492  |  |  |  |  |  |  |  |
|                                                                                        |                             |              |                           |                  |      |                  |                  |  |   |                  |  |  |   |
| Adjustment for dilutive effect of 4.75% Convertible Senior Notes due 2023(1)           | —                |              |                           | —     |      |                  | —     |  |   | 1,808,313   |  |  |   |                   |  |  |  |
| Weighted-average common shares outstanding–diluted                               | 30,633,878             |              |                           | 25,334,482  |      |                  | 30,929,321  |  |   | 24,732,256  |  |  |   |                   |  |  |  |
| Earnings per common share–diluted                                                | $                           | (3.08)       |                           |                  | $    | 1.32        |                  |  | $ | (2.39)           |  |  | $ | 5.74         |  |  |  |  |  |  |  |
|                                                                                        |                             |              |                           |                  |      |                  |                  |  |   |                  |  |  |   |

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|                                  |               |               |  |  |  |
|----------------------------------|---------------|---------------|--|--|--|
| For the Years Ended December 31, | Amount        |
|                                  |               |
|                                  |               |
| 2022                             | 93,735   |               |
| 2023                             | 190,750  |               |
| 2024                             | 113,603  |               |
|                                  |               |
|                                  |               |
|                                  | $             | 398,088  |  |

|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------|--|-----------------------------|-------------|---------------------------|------------------|--------------|-------------|------------------|---|---------------|------------------|---|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                 |  | Three Months Ended June 30, |             | Six Months Ended June 30, |                  |              |             |                  |   |               |                  |
|                                                                                 |  | 2022                        |             | 2021                      |                  | 2022         |             | 2021             |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Per Basic Share Data                                                            |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Net asset value at beginning of the year                                        |  | $                           | 12.22  |                           |                  | $            | 18.01  |                  |   | $             | 11.72       |   |  | $ | 15.14  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net investment loss(1)                                                          |  | (0.12)                      |             |                           | (0.07)           |              |             | (0.26)           |   |               | (0.21)           |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Net realized gain/(loss) on investments(1)                                  |  | (0.06)                      |             |                           | 0.63        |              |             | 0.04        |   |               | 6.10        |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Net change in unrealized appreciation/(depreciation) of investments(1)      |  | (2.89)                      |             |                           | 0.32        |              |             | (2.17)           |   |               | 0.26        |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Dividends declared                                                              |  | —                |             |                           | (2.50)           |              |             | (0.11)           |   |               | (3.00)           |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Issuance of common stock from stock dividend                                    |  | —                |             |                           | 0.16        |              |             | —     |   |               | 0.16        |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Issuance of common stock from public offering(1)                                |  | —                |             |                           | —     |              |             | 0.01        |   |               | —     |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Issuance of common stock from conversion of 4.75% Convertible Notes due 2023(1) |  | —                |             |                           | —     |              |             | —     |   |               | (1.91)           |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Repurchase of common stock(1)                                                   |  | 0.07                   |             |                           |                  |              | (0.01)      |                  |   | —  |                  |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |
| Stock-based compensation(1)                                                     |  | 0.02                   |             |                           | 0.01        |              |             | 0.02        |   |               | 0.02        |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Net asset value at end of period                                                |  | $                           | 9.24   |                           |                  | $            | 16.56  |                  |   | $             | 9.24        |   |  | $ | 16.56  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Per share market value at end of period                                         |  | $                           | 6.40   |                           |                  | $            | 13.49  |                  |   | $             | 6.40        |   |  | $ | 13.49  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total return based on market value(2)                                           |  | (25.84)                     | %           |                           | 40.63       | %            |             | (49.14)          | % |               | 55.57       | % |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Total return based on net asset value(2)                                        |  | (24.39)                     | %           |                           | 5.83        | %            |             | (20.22)          | % |               | 29.19       | % |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Shares outstanding at end of period                                             |  | 30,325,187             |             |                           | 26,540,743  |              |             | 30,325,187  |   |               | 26,540,743  |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Ratios/Supplemental Data:                                               |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Net assets at end of period                                                     |  | $280,172,472                |             | $439,592,729              |                  | $280,172,472 |             | $439,592,729     |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Average net assets                                                              |  | $378,428,728                |             | $425,330,123              |                  | $371,249,600 |             | $369,373,984     |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
|                                                                                 |  |                             |             |                           |                  |              |             |                  |   |               |                  |   |  |   |             |  |  |  |  |  |  |  |  |
| Ratio of net operating expenses to average net assets(3)                        |  | 4.24                   | %           |                           | 2.19        | %            |             | 4.80        | % |               | 2.97        | % |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Ratio of net investment loss to average net assets(3)                           |  | (3.48)                      | %           |                           | (1.93)           | %            |             | (4.18)           | % |               | (2.66)           | % |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |
| Portfolio Turnover Ratio                                                        |  | 1.57                   | %           |                           | 10.20       | %            |             | 2.05        | % |               | 13.64       | % |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |

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|                                                                               |               |               |                   |               |   |                  |  |  |  |  |  |
|-------------------------------------------------------------------------------|---------------|---------------|-------------------|---------------|---|------------------|--|--|--|--|--|
|                                                                               | June 30, 2022 |               | December 31, 2021 |
| Initial aggregate principal amount of 4.75% Convertible Senior Notes due 2023 | $             | —  |                   |               | $ | 38,215,000  |  |
| Conversion of 4.75% Convertible Senior Notes due 2023                         | —  |               |                   | (37,925,000)  |   |
| Redemption of 4.75% Convertible Senior Notes due 2023                         | —  |               |                   | (290,000)     |   |
| Direct deduction of deferred debt issuance costs                              | —  |               |                   | —  |   |
| 4.75% Convertible Senior Notes due 2023 Payable                               | $             | —  |                   |               | $ | —     |  |

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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, 2019                   | 1,155,000   |  |                                 | $ | 6.57                              |  |  | $ | 2.57  |  |
| 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 June 30, 2022 and December 31, 2021 | —     |  |                                 |   |                                        |  |

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TABLE OF CONTENTS

|                                     |                             |  |  |  |  |
|-------------------------------------|-----------------------------|--|--|--|--|
|                                     | Number of Restricted Shares |
| Outstanding as of December 31, 2021 | 369,298                |  |
| Granted                             | 268,563                |  |
| Vested(1)                           | (86,541)                    |  |
| Forfeited                           | (15,000)                    |  |
| Outstanding as of June 30, 2022     | 536,320                |  |
| Vested as of June 30, 2022          | 108,301                |  |

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TABLE OF CONTENTS

|                                                                  |  |                   |  |               |  |                             |            |               |                 |                             |               |               |               |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|-------------------|--|---------------|--|-----------------------------|------------|---------------|-----------------|-----------------------------|---------------|---------------|---------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                |  | Transaction Date  |  | Shares Sold   |  | Average Net Share Price (1) |            | Net Proceeds  |                 | Realized Gain/(Loss)(2) |
| Enjoy Technology, Inc.                                           |  | Various           |  | 626,955  |  |                             | $          | 0.38     |                 |                             | $             | 235,195  |               |  | $ | (3,005,238) |  |
| Palantir Lending Trust SPV I                                     |  | 7/14/2022 |  | N/A       |  | N/A                     |            | 611,930  |                 |                             | 611,930  |               |
| Rent the Runway, Inc.                                            |  | Various           |  | 15,000   |  |                             | 3.43  |               |                 | 51,428                 |               |               | (176,494)     |  |
| Residential Homes For Rent, LLC (d/b/a Second Avenue)(3) |  | 7/22/2022 |  | N/A       |  | N/A                     |            | 83,333   |                 |                             | —  |               |
| Rover Group, Inc.                                                |  | Various           |  | 110,000  |  |                             | 4.14  |               |                 | 454,883                |               |               | 126,067  |  |
|                                                                  |  |                   |  |               |  |                             |            |               |                 |                             |
|                                                                  |  |                   |  |               |  |                             |            |               |                 |                             |
|                                                                  |  |                   |  |               |  |                             |            |               |                 |                             |
| Total                                                            |  |                   |  |               |  |                             |            | $             | 1,436,769  |                             |               | $             | (2,443,735)   |  |

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TABLE OF CONTENTS

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TABLE OF CONTENTS

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TABLE OF CONTENTS

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TABLE OF CONTENTS

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TABLE OF CONTENTS

|                          |  |                               |  |                   |  |                  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------|--|-------------------------------|--|-------------------|--|------------------|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company        |  | Investment                    |  | Transaction Date  |  | Gross Payments   |
| Shogun Enterprises, Inc. |  | Convertible Note              |  | 5/2/2022  |  | $                | 500,000     |  |
| EDGE Markets, Inc.       |  | Preferred Shares, Series Seed |  | 5/18/2022 |  | 500,000     |                  |
| Whoop, Inc.              |  | Preferred Shares, Series C    |  | 6/30/2022 |  | 10,000,000  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
|                          |  |                               |  |                   |  |                  |
| Total                    |  |                               |  |                   |  | $                | 11,000,000  |  |

|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |               |                 |                 |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------|--|-------------------|--|---------|--|-----------------------------|-------------|---------------|-----------------|-----------------------------|---------------|-----------------|-----------------|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                             |  | Transaction Date  |  | Shares  |  | Average Net Share Price (1) |             | Net Proceeds  |                 | Realized Gain/(Loss)(2) |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.) |  | Various           |  | 31,028  |  | $                           | 26.96  |               |                 | $                           | 836,485  |                 |                 | $ | 215,799  |  |
| Rover Group, Inc.                                                             |  | Various           |  | 474,335 |  | 5.61                   |             |               | 2,659,209  |                             |               | 1,241,310  |                 |
| Rent the Runway, Inc.                                                         |  | Various           |  | 50,000  |  | 3.62                   |             |               | 181,115    |                             |               | (578,626)       |                 |
| Residential Homes for Rent, LLC (d/b/a Second Avenue)(3)              |  | Various           |  | N/A |  | N/A                     |             | 500,000  |                 |                             | —  |                 |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
| True Global Ventures 4 Plus Pte Ltd                                           |  | 5/31/2022 |  | N/A |  | N/A                     |             | 874,470  |                 |                             | 160,965  |                 |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
|                                                                               |  |                   |  |         |  |                             |             |               |                 |                             |
| Total                                                                         |  |                   |  |         |  |                             |             | $             | 5,051,279  |                             |               | $               | 1,039,448  |   |

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TABLE OF CONTENTS

|                                                                               |  |                                                     |  |                   |  |                  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------|--|-----------------------------------------------------|--|-------------------|--|------------------|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                             |  | Investment                                          |  | Transaction Date  |  | Gross Payments   |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.) |  | Common Shares                                       |  | 2/12/2021 |  | $                | 499,986     |  |
| Churchill Sponsor VI LLC(1)                                                   |  | Common Share Units & Warrant Units              |  | 2/25/2021 |  | 200,000     |                  |
| Churchill Sponsor VII LLC(2)                                                  |  | Common Share Units & Warrant Units              |  | 2/25/2021 |  | 300,000     |                  |
| Shogun Enterprises, Inc.(3)                                                   |  | Preferred Shares, Series B-1                        |  | 2/26/2021 |  | 3,499,994   |                  |
| Shogun Enterprises, Inc.(3)                                                   |  | Preferred Shares, Series B-2                        |  | 2/26/2021 |  | 3,499,998   |                  |
| Architect Capital PayJoy SPV, LLC(4)                                          |  | Membership Interest in Lending SPV                  |  | Various           |  | 2,630,333   |                  |
| Commercial Streaming Solutions Inc. (d/b/a BettorView)                |  | Simple Agreement for Future Equity ("SAFE") |  | 3/26/2021 |  | 1,000,000   |                  |
| Colombier Sponsor LLC(5)                                                      |  | Class B Units & Class W Units                   |  | 4/1/2021  |  | 502,193     |                  |
| Colombier Sponsor LLC(5)                                                      |  | Class B Units & Class W Units                   |  | 6/7/2021  |  | 2,209,649   |                  |
| Churchill Capital Corp. II(6)                                                 |  | Common Shares, Class A                              |  | 6/8/2021  |  | 10,000,000  |                  |
| Trax Ltd.                                                                     |  | Common Shares & Investec Preferred Shares       |  | 6/9/2021  |  | 10,000,000  |                  |
| Blink Health, Inc.                                                            |  | Preferred Shares, Series C                          |  | 6/28/2021 |  | 4,999,987   |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
|                                                                               |  |                                                     |  |                   |  |                  |
| Total                                                                         |  |                                                     |  |                   |  | $                | 39,342,140  |  |

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TABLE OF CONTENTS

|                                                                  |  |                  |                   |                  |                  |   |                   |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|------------------|-------------------|------------------|------------------|---|-------------------|--|--|--|--|--|--|--|
| Portfolio Company                                                |  | Net Proceeds     |                   | Realized Gain(1) |
| Palantir Technologies, Inc.(2)                                   |  | $                | 123,419,184  |                  |                  | $ | 110,544,068  |  |
| Palantir Lending Trust SPV I(3)                                  |  | 1,877,083   |                   |                  | 1,877,083   |   |
| Residential Homes for Rent, LLC (d/b/a Second Avenue)(4) |  | 711,701     |                   |                  | —     |   |
| SP Holdings Group, Inc.                                          |  | 490,246     |                   |                  | 490,246     |   |
| Coursera, Inc.(5)                                                |  | 30,731,819  |                   |                  | 26,897,290  |   |
|                                                                  |  |                  |                   |                  |
|                                                                  |  |                  |                   |                  |
|                                                                  |  |                  |                   |                  |
|                                                                  |  |                  |                   |                  |
|                                                                  |  |                  |                   |                  |
|                                                                  |  |                  |                   |                  |
|                                                                  |  |                  |                   |                  |
| Total                                                            |  | $                | 157,230,033  |                  |                  | $ | 139,808,687  |  |

|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------|--|-----------------------------|-----------------|---------------------------|------------------|------|------------------|-----------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                         |  | Three Months Ended June 30, |                 | Six Months Ended June 30, |                  |      |                  |                 |  |   |
|                                                                         |  | 2022                        |                 | 2021                      |                  | 2022 |                  | 2021            |  |   |                   |  |  |   |
| Total Investment Income                                                 |  | $                           | 890,631    |                           |                  | $    | 274,820     |                 |  | $ | 1,473,731    |  |  | $ | 566,172      |  |  |  |  |  |  |  |
| Interest income                                                         |  | 699,282                |                 |                           | 145,851     |      |                  | 1,151,737  |  |   | 312,696      |  |  |   |                   |  |  |  |
| Dividend income                                                         |  | 191,349                |                 |                           | 128,969     |      |                  | 321,994    |  |   | 253,476      |  |  |   |                   |  |  |  |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
| Total Operating Expenses                                                |  | $                           | 4,701,519  |                           |                  | $    | 2,317,820   |                 |  | $ | 9,509,324    |  |  | $ | 5,443,490    |  |  |  |  |  |  |  |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
| Compensation expense                                                    |  | 1,759,261              |                 |                           | 1,345,892   |      |                  | 3,619,963  |  |   | 2,639,202    |  |  |   |                   |  |  |  |
| Directors’ fees                                                   |  | 191,829                |                 |                           | 111,250     |      |                  | 352,394    |  |   | 222,500      |  |  |   |                   |  |  |  |
| Professional fees                                                       |  | 1,078,459              |                 |                           | 529,524     |      |                  | 2,351,172  |  |   | 1,502,683    |  |  |   |                   |  |  |  |
| Interest expense                                                        |  | 1,226,767              |                 |                           | —     |      |                  | 2,427,553  |  |   | 504,793      |  |  |   |                   |  |  |  |
| Tax expense                                                             |  | 5,691                  |                 |                           | 7,598       |      |                  | 7,741      |  |   | 9,623        |  |  |   |                   |  |  |  |
| Other expenses                                                          |  | 439,512                |                 |                           | 323,556     |      |                  | 750,501    |  |   | 564,689      |  |  |   |                   |  |  |  |
| Net Investment Loss                                                     |  | $                           | (3,810,888)     |                           |                  | $    | (2,043,000)      |                 |  | $ | (8,035,593)       |  |  | $ | (4,877,318)       |  |  |  |  |  |  |  |
| Net realized gain on investments                                        |  | (1,966,225)                 |                 |                           | 27,658,812  |      |                  | 1,130,050  |  |   | 139,811,330  |  |  |   |                   |  |  |  |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
| Net change in unrealized appreciation/(depreciation) of investments |  | (88,562,575)                |                 |                           | 7,741,252   |      |                  | (66,977,690)    |  |   | 6,425,415    |  |  |   |                   |  |  |  |
|                                                                         |  |                             |                 |                           |                  |      |                  |                 |  |   |                   |  |  |   |
| Net Increase/(Decrease) in Net Assets Resulting from Operations     |  | $                           | (94,339,688)    |                           |                  | $    | 33,357,064  |                 |  | $ | (73,883,233)      |  |  | $ | 141,359,427  |  |  |  |  |  |  |  |

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TABLE OF CONTENTS

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TABLE OF CONTENTS

|                                                                                  |  |                                                                                                   |              |                   |                                                                               |                                                                                                   |                  |   |                  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|---------------------------------------------------------------------------------------------------|--------------|-------------------|-------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|------------------|---|------------------|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                                |  | Net Change in Unrealized Appreciation/(Depreciation) For the Three Months Ended June 30, 2022 |              | Portfolio Company |                                                                               | Net Change in Unrealized Appreciation/(Depreciation) For the Three Months Ended June 30, 2021 |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.)(1) |  | $                                                                                                 | (1,625,807)  |                   |                                                                               | Ozy Media, Inc.                                                                                   |                  | $ | 15,713,063  |  |
| Rover Group, Inc.(1)                                                             |  | (1,931,885)                                                                                       |              |                   | Course Hero, Inc.                                                             |                                                                                                   | 12,524,875  |   |
| Blink Health, Inc.                                                               |  | (2,104,711)                                                                                       |              |                   | Aspiration Partners, Inc.                                                     |                                                                                                   | 7,461,436   |   |
| Skillsoft Corp.                                                                  |  | (2,474,244)                                                                                       |              |                   | Enjoy Technology, Inc.                                                        |                                                                                                   | 5,856,024   |   |
| Varo Money, Inc.                                                                 |  | (2,700,966)                                                                                       |              |                   | CUX, Inc. (d/b/a CorpU)                                               |                                                                                                   | 3,238,703   |   |
|                                                                                  |  |                                                                                                   |              |                   |                                                                               |                                                                                                   |
| Enjoy Technology, Inc.                                                           |  | (3,741,844)                                                                                       |              |                   | NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.) |                                                                                                   | 1,720,327   |   |
| Neutron Holdings, Inc. (d/b/a/ Lime)                                 |  | (3,991,353)                                                                                       |              |                   | StormWind, LLC                                                                |                                                                                                   | 1,249,114   |   |
| Nextdoor Holdings, Inc.                                                          |  | (4,020,739)                                                                                       |              |                   | Clever, Inc.                                                                  |                                                                                                   | 1,013,852   |   |
| Trax Ltd.                                                                        |  | (5,588,395)                                                                                       |              |                   | Aventine Property Group, Inc.(1)                                              |                                                                                                   | (1,774,427)      |   |
| Course Hero, Inc.                                                                |  | (17,273,549)                                                                                      |              |                   | Nextdoor Holdings, Inc.                                                       |                                                                                                   | (3,470,393)      |   |
| Forge Global Holdings, Inc.                                                      |  | (41,488,638)                                                                                      |              |                   | Coursera, Inc.(1)                                                             |                                                                                                   | (35,614,720)     |   |
|                                                                                  |  |                                                                                                   |              |                   |                                                                               |                                                                                                   |
|                                                                                  |  |                                                                                                   |              |                   |                                                                               |                                                                                                   |
|                                                                                  |  |                                                                                                   |              |                   |                                                                               |                                                                                                   |
| Other(2)                                                                         |  | (1,620,444)                                                                                       |              |                   | Other(2)                                                                      |                                                                                                   | (176,602)        |   |
| Total                                                                            |  | $                                                                                                 | (88,562,575) |                   |                                                                               | Total                                                                                             |                  | $ | 7,741,252   |  |

|                                                                                  |  |                                                                                                 |                 |                                |                                                                               |                                                                                                 |                  |   |                  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|-------------------------------------------------------------------------------------------------|-----------------|--------------------------------|-------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|------------------|---|------------------|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                                |  | Net Change in Unrealized Appreciation/(Depreciation) For the Six Months Ended June 30, 2022 |                 | Portfolio Company              |                                                                               | Net Change in Unrealized Appreciation/(Depreciation) For the Six Months Ended June 30, 2021 |
| True Global Ventures 4 Plus Fund Pte Ltd(1)                                      |  | $                                                                                               | 3,106,863  |                                |                                                                               | Coursera, Inc.(1)                                                                               |                  | $ | 37,901,764  |  |
|                                                                                  |  |                                                                                                 |                 |                                |                                                                               |                                                                                                 |
| Blink Health, Inc.                                                               |  | (2,622,697)                                                                                     |                 |                                | Ozy Media, Inc.                                                               |                                                                                                 | 17,104,966  |   |
| NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.)(1) |  | (2,788,019)                                                                                     |                 |                                | Course Hero, Inc.                                                             |                                                                                                 | 9,976,617   |   |
| Varo Money, Inc.                                                                 |  | (2,994,723)                                                                                     |                 |                                | Aspiration Partners, Inc.                                                     |                                                                                                 | 7,461,436   |   |
| Neutron Holdings, Inc. (d/b/a/ Lime)                                 |  | (3,991,353)                                                                                     |                 |                                | A Place for Rover Inc. (f/k/a DogVacay, Inc.)                         |                                                                                                 | 4,635,116   |   |
| Enjoy Technology, Inc.                                                           |  | (4,371,009)                                                                                     |                 |                                | Enjoy Technology, Inc.                                                        |                                                                                                 | 3,421,109   |   |
| Rover Group, Inc.(1)                                                             |  | (4,978,791)                                                                                     |                 |                                | CUX, Inc. (d/b/a CorpU)                                               |                                                                                                 | 3,236,614   |   |
| Skillsoft Corp.                                                                  |  | (5,527,776)                                                                                     |                 |                                | NewLake Capital Partners, Inc. (f/k/a GreenAcreage Real Estate Corp.) |                                                                                                 | 1,717,642   |   |
| Nextdoor Holdings, Inc.                                                          |  | (6,473,525)                                                                                     |                 |                                | StormWind, LLC                                                                |                                                                                                 | 1,686,692   |   |
| Trax Ltd.                                                                        |  | (7,188,572)                                                                                     |                 |                                | Nextdoor Holdings, Inc.                                                       |                                                                                                 | 1,611,198   |   |
| Course Hero, Inc.                                                                |  | (28,304,092)                                                                                    |                 |                                | Clever, Inc.                                                                  |                                                                                                 | 1,013,852   |   |
|                                                                                  |  |                                                                                                 |                 | Rent the Runway, Inc.          |                                                                               | 1,011,252                                                                                  |                  |
|                                                                                  |  |                                                                                                 |                 | Palantir Technologies, Inc.(1) |                                                                               | (81,760,272)                                                                                    |                  |
|                                                                                  |  |                                                                                                 |                 |                                |                                                                               |                                                                                                 |
| Other(2)                                                                         |  | (843,996)                                                                                       |                 |                                | Other(2)                                                                      |                                                                                                 | (2,592,571)      |   |
| Total                                                                            |  | $                                                                                               | (66,977,690)    |                                |                                                                               | Total                                                                                           |                  | $ | 6,425,415   |  |

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TABLE OF CONTENTS

|                                                                |  |                  |                   |                   |                  |   |                   |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------|--|------------------|-------------------|-------------------|------------------|---|-------------------|--|--|--|--|--|--|--|--|--|
| Cash Reserves and Liquid Securities                            |  | June 30, 2022    |                   | December 31, 2021 |                  |   |
| Cash                                                           |  | $                | 152,984,799  |                   |                  | $ | 198,437,078  |  |  |  |
|                                                                |  |                  |                   |                   |                  |   |
|                                                                |  |                  |                   |                   |                  |   |
| Securities of publicly traded portfolio companies:         |  |                  |                   |                   |                  |   |
| Unrestricted securities(1)                                     |  | 16,461,972  |                   |                   | —     |   |                   |  |
|     Subject to other sales restrictions(2) |  | 21,788,511  |                   |                   | 94,635,398  |   |                   |  |
| Securities of publicly traded portfolio companies              |  | 38,250,483  |                   |                   | 94,635,398  |   |                   |  |
| Total Cash Reserves and Liquid Securities                      |  | $                | 191,235,282  |                   |                  | $ | 293,072,476  |  |  |  |

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TABLE OF CONTENTS

|                           |                                      |            |                 |           |                      |               |                      |  |                       |               |  |  |               |            |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|--------------------------------------|------------|-----------------|-----------|----------------------|---------------|----------------------|--|-----------------------|---------------|--|--|---------------|------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                           | Payments Due By Period (in millions) |
|                           | Total                                |            | Less than1 year |           | 1–3 years |               | 3–5 years |  | More than5 years |
|                           |                                      |            |                 |           |                      |               |                      |  |                       |
| Notes(1)                  | $                                    | 75.0  |                 |           | $                    | —  |                      |  | $                     | —  |  |  | $             | 75.0  |  |  | $ | —  |  |
|                           |                                      |            |                 |           |                      |               |                      |  |                       |
| Operating lease liability | 0.4                             |            |                 | 0.2  |                      |               | 0.2             |  |                       | —  |  |  | —  |            |
| Total                     | $                                    | 75.4  |                 |           | $                    | 0.2      |                      |  | $                     | 0.2      |  |  | $             | 75.0  |  |  | $ | —  |  |

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TABLE OF CONTENTS

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TABLE OF CONTENTS

|                          |  |                   |  |                    |  |                  |             |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------|--|-------------------|--|--------------------|--|------------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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 28, 2020(6)    |  | October 5, 2020   |  | October 20, 2020   |  | 0.25             |
| October 28, 2020(7)      |  | November 10, 2020 |  | November 30, 2020  |  | 0.25             |
| December 16, 2020(8)     |  | December 30, 2020 |  | January 15, 2021   |  | 0.22             |
| Fiscal 2021:         |  |                   |  |                    |  |                  |
| January 26, 2021(9)      |  | February 5, 2021  |  | February 19, 2021  |  | 0.25             |
| March 8, 2021(10)        |  | March 30, 2021    |  | April 15, 2021     |  | 0.25             |
| May 4, 2021(11)          |  | May 18, 2021      |  | June 30, 2021      |  | 2.50             |
| August 3, 2021(12)       |  | August 18, 2021   |  | September 30, 2021 |  | 2.25             |
| November 2, 2021(13)     |  | November 17, 2021 |  | December 30, 2021  |  | 2.00             |
| December 20, 2021(14)    |  | December 31, 2021 |  | January 14, 2022   |  | 0.75             |
| Fiscal 2022:         |  |                   |  |                    |  |                  |
| March 8, 2022(15)        |  | March 25, 2022    |  | April 15, 2022     |  | 0.11             |
| Total                    |  |                   |  |                    |  | $                | 12.10  |  |

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TABLE OF CONTENTS

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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, 2022   |  | —                     |  |                            | $             | —                                                                |                 |                                                                                           | —  |  |                  | $ | 9,617,312  |  |
| February 1 through February 28, 2022 |  | —                     |  |                            | —  |                                                                             |                 | —                                                                              |               |  | 9,617,312   |   |
| March 1 through March 31, 2022       |  | 153,517                     |  |                            | 8.86     |                                                                             |                 | 153,517                                                                              |               |  | 23,257,705  |   |
| April 1 through April 30, 2022       |  | 431,134                     |  |                            | 8.57     |                                                                             |                 | 431,134                                                                              |               |  | 19,562,554  |   |
| May 1 through May 31, 2022           |  | 250,000                     |  |                            | 8.09     |                                                                             |                 | 250,000                                                                              |               |  | 17,540,619  |   |
| June 1 through June 30, 2022         |  | 174,025                     |  |                            | 6.76     |                                                                             |                 | 174,025                                                                              |               |  | 16,364,771  |   |
|                                      |  |                                  |  |                            |               |                                                                             |                 |                                                                                           |
|                                      |  |                                  |  |                            |               |                                                                             |                 |                                                                                           |
|                                      |  |                                  |  |                            |               |                                                                             |                 |                                                                                           |
|                                      |  |                                  |  |                            |               |                                                                             |                 |                                                                                           |
|                                      |  |                                  |  |                            |               |                                                                             |                 |                                                                                           |
|                                      |  |                                  |  |                            |               |                                                                             |                 |                                                                                           |
| Total                                |  | 1,008,676                   |  |                            |               |                                                                             | 1,008,676  |                                                                                           |               |  |

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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)                                                                                                                                      |
|      |                                                                                                                                                                            |
| 4.1  | Base Indenture, dated March 28, 2018, by and between the Registrant and U.S. Bank National Association, as trustee(5)                                                      |
| 4.2  | Second Supplemental Indenture, dated December 17, 2021, relating to the 6.00% Notes due 2026, by and between the Company and U.S. Bank National Association, as trustee(6) |
| 4.3  | Form of 6.00% Notes due 2026 (incorporated by reference to Exhibit 4.2)(6)                                                                                                 |
| 4.4  | Description of Securities(7)                                                                                                                                               |
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| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended*                                                       |
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended*                                                       |
| 32.1 | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*                                                                        |
| 32.2 | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*                                                                        |
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|           |                |         |                                                                                       |  |  |  |  |  |  |  |  |
|-----------|----------------|---------|---------------------------------------------------------------------------------------|--|--|--|--|--|--|--|--|
|           |                |         | SURO CAPITAL CORP.                                                                    |
|           |                |         |                                                                                       |
| Date: | August 4, 2022 | By: | /s/ Mark D. Klein                                                             |
|           |                |         | Mark D. Klein                                                                         |
|           |                |         | Chairman, President and Chief Executive Officer                                       |
|           |                |         | (Principal Executive Officer)                                                         |
|           |                |         |                                                                                       |
| Date: | August 4, 2022 | By: | /s/ Allison Green                                                             |
|           |                |         | Allison Green                                                                         |
|           |                |         | Chief Financial Officer, Chief Compliance Officer, Treasurer, and Corporate Secretary |
|           |                |         | (Principal Financial and Accounting Officer)                                          |
|           |                |         |                                                                                       |