|             |                                                                                                   |  |  |  |  |
|-------------|---------------------------------------------------------------------------------------------------|--|--|--|--|
| [x] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|             |                                                                                                    |  |  |  |  |
|-------------|----------------------------------------------------------------------------------------------------|--|--|--|--|
| [ ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|        |                                                        |        |  |  |  |  |  |  |
|--------|--------------------------------------------------------|--------|--|--|--|--|--|--|
|   | CĪON Investment Corporation                       |   |
|   | (Exact name of registrant as specified in its charter) |   |

|                                                               |  |                                     |  |  |  |  |  |  |
|---------------------------------------------------------------|--|-------------------------------------|--|--|--|--|--|--|
| Maryland                                                      |  | 45-3058280                          |
| (State or other jurisdiction ofincorporation or organization) |  | (I.R.S. EmployerIdentification No.) |
|                                                               |  |                                     |
| 3 Park Avenue, 36th FloorNew York, New York                   |  | 10016                               |
| (Address of principal executive offices)                      |  | (Zip Code)                          |

|        |                                                                                    |        |  |  |  |  |  |  |
|--------|------------------------------------------------------------------------------------|--------|--|--|--|--|--|--|
|   | (212) 418-4700                                                                |   |
|   | (Registrant’s telephone number, including area code)                         |   |
|   |                                                                               |   |
|   | Not applicable                                                                     |   |
|   | (Former name, former address and former fiscal year, if changed since last report) |   |

|                     |                   |                                           |  |  |  |  |  |  |
|---------------------|-------------------|-------------------------------------------|--|--|--|--|--|--|
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| None                | Not applicable    | Not applicable                            |

----

|        |                                     |                                       |  |  |  |  |  |  |
|--------|-------------------------------------|---------------------------------------|--|--|--|--|--|--|
|   | Large accelerated filer [ ] | Accelerated filer [ ]         |
|   | Non-accelerated filer [x]   | Smaller reporting company [ ] |
|        |                                     | Emerging growth company [ ]   |

----

|  |                                                                                                     |        |  |  |  |  |  |  |
|--|-----------------------------------------------------------------------------------------------------|--------|--|--|--|--|--|--|
|  |                                                                                                     | Page   |
|  | PART I - FINANCIAL INFORMATION                                                                      |   |
|  | Item 1. Financial Statements                                                                        | 1      |
|  | Report of Independent Registered Public Accounting Firm                                             | 1      |
|  | Consolidated Balance Sheets                                                                         | 2      |
|  | Consolidated Statements of Operations                                                               | 3      |
|  | Consolidated Statements of Changes in Net Assets                                                    | 4      |
|  | Consolidated Statements of Cash Flows                                                               | 5      |
|  | Consolidated Schedules of Investments                                                               | 6      |
|  | Notes to Consolidated Financial Statements                                                          | 34     |
|  | Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 66     |
|  | Item 3. Quantitative and Qualitative Disclosures About Market Risk                                  | 81     |
|  | Item 4. Controls and Procedures                                                                     | 82     |
|  | PART II – OTHER INFORMATION                                                                   |        |
|  | Item 1. Legal Proceedings                                                                           | 83     |
|  | Item 1A. Risk Factors                                                                               | 83     |
|  | Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                 | 83     |
|  | Item 3. Defaults Upon Senior Securities                                                             | 83     |
|  | Item 4. Mine Safety Disclosures                                                                     | 83     |
|  | Item 5. Other Information                                                                      | 83     |
|  | Item 6. Exhibits                                                                               | 84     |
|  | Signatures                                                                                          | 87     |

----

----

|                                                                                                                                                                      |  |                    |                 |                   |                 |                    |                 |                 |  |   |                 |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--------------------|-----------------|-------------------|-----------------|--------------------|-----------------|-----------------|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                      |  | September 30, 2020 |                 | December 31, 2019 |                 | September 30, 2019 |
|                                                                                                                                                                      |  | (unaudited)        |                 |                   |                 | (unaudited)        |
| Assets                                                                                                                                                               |
| Investments, at fair value:                                                                                                                                      |  |                    |                 |                   |                 |                    |
|      Non-controlled, non-affiliated investments (amortized cost of $1,514,348, $1,692,879 and $1,813,662, respectively)                     |  | $                  | 1,413,103  |                   |                 | $                  | 1,630,243  |                 |  | $ | 1,739,057  |  |
|      Non-controlled, affiliated investments (amortized cost of $130,924, $88,700 and $51,816, respectively)                                 |  | 115,601       |                 |                   | 89,326     |                    |                 | 36,097     |  |
|      Controlled investments (amortized cost of $44,179, $45,497 and $0, respectively)                                                       |  | 41,201        |                 |                   | 45,503     |                    |                 | —    |  |
|           Total investments, at fair value (amortized cost of $1,689,451, $1,827,076 and $1,865,478, respectively) |  | 1,569,905     |                 |                   | 1,765,072  |                    |                 | 1,775,154  |  |
|                                                                                                                                                                      |  |                    |                 |                   |                 |                    |
| Cash                                                                                                                                                                 |  | 4,214         |                 |                   | 6,135      |                    |                 | 10,147     |  |
|                                                                                                                                                                      |  |                    |                 |                   |                 |                    |
| Due from counterparty                                                                                                                                                |  | —       |                 |                   | 3,281      |                    |                 | —    |  |
|                                                                                                                                                                      |  |                    |                 |                   |                 |                    |
| Interest receivable on investments                                                                                                                                   |  | 18,666        |                 |                   | 15,261     |                    |                 | 17,853     |  |
| Receivable due on investments sold                                                                                                                                   |  | 7,273         |                 |                   | 18,552     |                    |                 | 2,283      |  |
| Dividend receivable on investments                                                                                                                                   |  | 1,706         |                 |                   | 1,106      |                    |                 | —    |  |
| Prepaid expenses and other assets                                                                                                                                    |  | 1,368         |                 |                   | 985        |                    |                 | 541        |  |
|    Total assets                                                                                                                                       |  | $                  | 1,603,132  |                   |                 | $                  | 1,810,392  |                 |  | $ | 1,805,978  |  |

|                                                                                                            |  |                 |                 |  |                 |   |                 |                 |  |   |                 |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------|--|-----------------|-----------------|--|-----------------|---|-----------------|-----------------|--|---|-----------------|--|--|--|--|--|--|--|--|--|
| Liabilities and Shareholders' Equity                                                                       |
| Liabilities                                                                                                |  |                 |                 |  |                 |   |
| Financing arrangements (net of unamortized debt issuance costs of $5,581, $4,457 and $5,145, respectively) |  | $               | 719,419    |  |                 | $ | 836,585    |                 |  | $ | 837,397    |  |
| Payable for investments purchased                                                                          |  | 4,956      |                 |  | 1,568      |   |                 | 4,419      |  |
| Accounts payable and accrued expenses                                                                      |  | 775        |                 |  | 815        |   |                 | 1,039      |  |
| Interest payable                                                                                           |  | 2,395      |                 |  | 3,163      |   |                 | 3,197      |  |
|                                                                                                            |  |                 |                 |  |                 |   |
| Accrued management fees                                                                                    |  | 7,779      |                 |  | 8,869      |   |                 | 9,029      |  |
| Accrued subordinated incentive fee on income                                                               |  | —    |                 |  | 5,612      |   |                 | 4,983      |  |
| Accrued administrative services expense                                                                    |  | 589        |                 |  | 1,217      |   |                 | 453        |  |
|                                                                                                            |  |                 |                 |  |                 |   |
| Total liabilities                                                                                          |  | 735,913    |                 |  | 857,829    |   |                 | 860,517    |  |
|                                                                                                            |  |                 |                 |  |                 |   |
| Commitments and contingencies (Note 4 and Note 11)                                                         |  |                 |                 |  |                 |   |
|                                                                                                            |  |                 |                 |  |                 |   |
| Shareholders' Equity                                                                                       |  |                 |                 |  |                 |   |
| Common stock, $0.001 par value; 500,000,000 shares authorized;                                     |  |                 |                 |  |                 |   |
| 113,800,019, 113,381,145 and 113,381,782 shares issued and outstanding, respectively                       |  | 114        |                 |  | 113        |   |                 | 113        |  |
| Capital in excess of par value                                                                             |  | 1,058,610  |                 |  | 1,054,913  |   |                 | 1,054,913  |  |
| Accumulated distributable losses                                                                           |  | (191,505)       |                 |  | (102,463)       |   |                 | (109,565)       |  |
|                                                                                                            |  |                 |                 |  |                 |   |
|                                                                                                            |  |                 |                 |  |                 |   |
|                                                                                                            |  |                 |                 |  |                 |   |
|                                                                                                            |  |                 |                 |  |                 |   |
| Total shareholders' equity                                                                                 |  | 867,219    |                 |  | 952,563    |   |                 | 945,461    |  |
| Total liabilities and shareholders' equity                                                                 |  | $               | 1,603,132  |  |                 | $ | 1,810,392  |                 |  | $ | 1,805,978  |  |
| Net asset value per share of common stock at end of period                                                 |  | $               | 7.62       |  |                 | $ | 8.40       |                 |  | $ | 8.34       |  |

----

|                                                                           |  |                                 |              |                                |                   |                         |              |                   |  |      |                   |  |  |                   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------|--|---------------------------------|--------------|--------------------------------|-------------------|-------------------------|--------------|-------------------|--|------|-------------------|--|--|-------------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                           |  | Three Months EndedSeptember 30, |              | Nine Months EndedSeptember 30, |                   | Year Ended December 31, |
|                                                                           |  | 2020                            |              | 2019                           |                   | 2020                    |              | 2019              |  | 2019 |
|                                                                           |  | (unaudited)                     |              | (unaudited)                    |                   | (unaudited)             |              | (unaudited)       |  |      |
| Investment income                                                         |  |                                 |              |                                |                   |                         |              |                   |  |      |
| Non-controlled, non-affiliated investments                                |  |                                 |              |                                |                   |                         |              |                   |  |      |
|      Interest income                             |  | $                               | 30,477  |                                |                   | $                       | 46,235  |                   |  | $    | 98,055       |  |  | $                 | 141,028  |  |  | $ | 187,104  |  |
|      Fee income                                  |  | 773                        |              |                                | 2,092        |                         |              | 2,114        |  |      | 2,914        |  |  | 3,899        |               |
|      Paid-in-kind interest income                |  | 5,001                      |              |                                | 333          |                         |              | 9,953        |  |      | 1,209        |  |  | 2,017        |               |
|      Dividend income                             |  | 95                         |              |                                | 158          |                         |              | 404          |  |      | 338          |  |  | 474          |               |
| Non-controlled, affiliated investments                                    |  |                                 |              |                                |                   |                         |              |                   |  |      |
|      Interest income                             |  | 610                        |              |                                | 460          |                         |              | 2,879        |  |      | 1,377        |  |  | 1,905        |               |
|      Paid-in-kind interest income                |  | 131                        |              |                                | —      |                         |              | 1,343        |  |      | 65           |  |  | 566          |               |
|      Dividend income                             |  | 444                        |              |                                | 497          |                         |              | 1,392        |  |      | 3,534        |  |  | 4,015        |               |
| Controlled investments                                                    |  |                                 |              |                                |                   |                         |              |                   |  |      |
|      Dividend income                             |  | 1,356                      |              |                                | —      |                         |              | 4,303        |  |      | —      |  |  | 1,123        |               |
| Total investment income                                                   |  | 38,887                     |              |                                | 49,775       |                         |              | 120,443      |  |      | 150,465      |  |  | 201,103      |               |
| Operating expenses                                                        |  |                                 |              |                                |                   |                         |              |                   |  |      |
| Management fees                                                           |  | 7,780                      |              |                                | 9,029        |                         |              | 24,160       |  |      | 27,597       |  |  | 36,466       |               |
| Administrative services expense                                           |  | 593                        |              |                                | 453          |                         |              | 1,793        |  |      | 1,433        |  |  | 2,650        |               |
| Subordinated incentive fee on income                                      |  | —                    |              |                                | 4,983        |                         |              | 3,308        |  |      | 14,475       |  |  | 20,087       |               |
| General and administrative                                                |  | 1,524                      |              |                                | 1,155        |                         |              | 4,709        |  |      | 3,741        |  |  | 5,057        |               |
| Interest expense                                                          |  | 7,570                      |              |                                | 12,493       |                         |              | 29,476       |  |      | 38,357       |  |  | 49,531       |               |
| Total operating expenses                                                  |  | 17,467                     |              |                                | 28,113       |                         |              | 63,446       |  |      | 85,603       |  |  | 113,791      |               |
| Net investment income                                                     |  | 21,420                     |              |                                | 21,662       |                         |              | 56,997       |  |      | 64,862       |  |  | 87,312       |               |
| Realized and unrealized (losses) gains                                    |  |                                 |              |                                |                   |                         |              |                   |  |      |
| Net realized (loss) gain on:                                          |  |                                 |              |                                |                   |                         |              |                   |  |      |
|      Non-controlled, non-affiliated investments  |  | (42,543)                        |              |                                | (311)             |                         |              | (57,506)          |  |      | (3,510)           |  |  | (13,594)          |               |
|      Non-controlled, affiliated investments      |  | —                    |              |                                | —      |                         |              | (211)             |  |      | —      |  |  | (11,184)          |               |
|                                                                           |  |                                 |              |                                |                   |                         |              |                   |  |      |
|      Foreign currency                            |  | 32                         |              |                                | (5)               |                         |              | 24           |  |      | (140)             |  |  | (139)             |               |
| Net realized losses                                                       |  | (42,511)                        |              |                                | (316)             |                         |              | (57,693)          |  |      | (3,650)           |  |  | (24,917)          |               |
| Net change in unrealized appreciation (depreciation) on:              |  |                                 |              |                                |                   |                         |              |                   |  |      |
|      Non-controlled, non-affiliated investments  |  | 58,572                     |              |                                | (19,821)          |                         |              | (38,611)          |  |      | (31,628)          |  |  | (19,658)          |               |
|      Non-controlled, affiliated investments      |  | (7,401)                         |              |                                | (3,747)           |                         |              | (15,947)          |  |      | (7,243)           |  |  | 9,101        |               |
|      Controlled, affiliated investments          |  | 1,007                      |              |                                | —      |                         |              | (2,984)           |  |      | —      |  |  | 6            |               |
|                                                                           |  |                                 |              |                                |                   |                         |              |                   |  |      |
| Net change in unrealized appreciation (depreciation)                      |  | 52,178                     |              |                                | (23,568)          |                         |              | (57,542)          |  |      | (38,871)          |  |  | (10,551)          |               |
| Net realized and unrealized gains (losses)                                |  | 9,667                      |              |                                | (23,884)          |                         |              | (115,235)         |  |      | (42,521)          |  |  | (35,468)          |               |
| Net increase (decrease) in net assets resulting from operations           |  | $                               | 31,087  |                                |                   | $                       | (2,222)      |                   |  | $    | (58,238)          |  |  | $                 | 22,341   |  |  | $ | 51,844   |  |
| Per share information—basic and diluted                             |  |                                 |              |                                |                   |                         |              |                   |  |      |
| Net increase (decrease) in net assets per share resulting from operations |  | $                               | 0.27    |                                |                   | $                       | (0.02)       |                   |  | $    | (0.51)            |  |  | $                 | 0.20     |  |  | $ | 0.46     |  |
| Weighted average shares of common stock outstanding                       |  | 113,415,564                |              |                                | 113,729,902  |                         |              | 113,475,569  |  |      | 113,698,608  |  |  | 113,708,479  |               |

----

|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |                   |  |  |                   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|---------------------------------|---------------|--------------------------------|-------------------|-------------------------|---------------|-------------------|--|------|-------------------|--|--|-------------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                            |  | Three Months EndedSeptember 30, |               | Nine Months EndedSeptember 30, |                   | Year Ended December 31, |
|                                                                                            |  | 2020                            |               | 2019                           |                   | 2020                    |               | 2019              |  | 2019 |
|                                                                                            |  | (unaudited)                     |               | (unaudited)                    |                   | (unaudited)             |               | (unaudited)       |  |      |
| Changes in net assets from operations:                                                 |  |                                 |               |                                |                   |                         |               |                   |  |      |
| Net investment income                                                                      |  | $                               | 21,420   |                                |                   | $                       | 21,662   |                   |  | $    | 56,997       |  |  | $                 | 64,862   |  |  | $ | 87,312   |  |
| Net realized loss on investments                                                           |  | (42,543)                        |               |                                | (311)             |                         |               | (57,717)          |  |      | (3,510)           |  |  | (24,778)          |               |
| Net realized gain (loss) on foreign currency                                               |  | 32                         |               |                                | (5)               |                         |               | 24           |  |      | (140)             |  |  | (139)             |               |
| Net change in unrealized appreciation (depreciation) on investments                        |  | 52,178                     |               |                                | (23,568)          |                         |               | (57,542)          |  |      | (38,871)          |  |  | (10,551)          |               |
|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |
|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |
| Net increase (decrease) in net assets from operations                                      |  | 31,087                     |               |                                | (2,222)           |                         |               | (58,238)          |  |      | 22,341       |  |  | 51,844       |               |
| Changes in net assets from shareholders' distributions:                                |  |                                 |               |                                |                   |                         |               |                   |  |      |
| Distributions to shareholders                                                              |  | (10,011)                        |               |                                | (20,798)          |                         |               | (30,804)          |  |      | (62,371)          |  |  | (84,772)          |               |
| Net decrease in net assets from shareholders' distributions                                |  | (10,011)                        |               |                                | (20,798)          |                         |               | (30,804)          |  |      | (62,371)          |  |  | (84,772)          |               |
| Changes in net assets from capital share transactions:                                 |  |                                 |               |                                |                   |                         |               |                   |  |      |
| Issuance of common stock, net of issuance costs of $0, $0, $0, $296 and $296, respectively |  | —                    |               |                                | —      |                         |               | —      |  |      | 6,220        |  |  | 6,219        |               |
| Reinvestment of shareholders' distributions                                                |  | 3,713                      |               |                                | 8,562        |                         |               | 11,783       |  |      | 26,849       |  |  | 35,800       |               |
| Repurchase of common stock                                                                 |  | —                    |               |                                | (8,562)           |                         |               | (8,085)           |  |      | (26,849)          |  |  | (35,799)          |               |
| Net increase in net assets from capital share transactions                                 |  | 3,713                      |               |                                | —      |                         |               | 3,698        |  |      | 6,220        |  |  | 6,220        |               |
|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |
| Total increase (decrease) in net assets                                                    |  | 24,789                     |               |                                | (23,020)          |                         |               | (85,344)          |  |      | (33,810)          |  |  | (26,708)          |               |
| Net assets at beginning of period                                                          |  | 842,430                    |               |                                | 968,481      |                         |               | 952,563      |  |      | 979,271      |  |  | 979,271      |               |
| Net assets at end of period                                                                |  | $                               | 867,219  |                                |                   | $                       | 945,461  |                   |  | $    | 867,219      |  |  | $                 | 945,461  |  |  | $ | 952,563  |  |
|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |
| Net asset value per share of common stock at end of period                                 |  | $                               | 7.62     |                                |                   | $                       | 8.34     |                   |  | $    | 7.62         |  |  | $                 | 8.34     |  |  | $ | 8.40     |  |
| Shares of common stock outstanding at end of period                                        |  | 113,800,019                |               |                                | 113,381,782  |                         |               | 113,800,019  |  |      | 113,381,782  |  |  | 113,381,145  |               |
|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |
|                                                                                            |  |                                 |               |                                |                   |                         |               |                   |  |      |

----

|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |               |  |  |               |              |  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------------|--|---------------------------------|--------------|--------------------------------|---------------|-------------------------|---------------|---------------|--|------|---------------|--|--|---------------|--------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                            |  | Three Months EndedSeptember 30, |              | Nine Months EndedSeptember 30, |               | Year Ended December 31, |
|                                                                                                                                            |  | 2020                            |              | 2019                           |               | 2020                    |               | 2019          |  | 2019 |
|                                                                                                                                            |  | (unaudited)                     |              | (unaudited)                    |               | (unaudited)             |               | (unaudited)   |  |      |
| Operating activities:                                                                                                                  |  |                                 |              |                                |               |                         |               |               |  |      |
| Net increase (decrease) in net assets resulting from operations                                                                            |  | $                               | 31,087  |                                |               | $                       | (2,222)       |               |  | $    | (58,238)      |  |  | $             | 22,341  |  |  | $ | 51,844  |  |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by operating activities: |  |                                 |              |                                |               |                         |               |               |  |      |
| Net accretion of discount on investments                                                                                                   |  | (3,220)                         |              |                                | (3,723)       |                         |               | (10,237)      |  |      | (10,058)      |  |  | (16,081)      |              |
| Proceeds from principal repayment of investments                                                                                           |  | 64,514                     |              |                                | 122,967  |                         |               | 305,252  |  |      | 285,698  |  |  | 423,091  |              |
| Purchase of investments                                                                                                                    |  | (36,130)                        |              |                                | (94,364)      |                         |               | (237,633)     |  |      | (379,489)     |  |  | (563,884)     |              |
| Paid-in-kind interest and dividends capitalized                                                                                            |  | (5,305)                         |              |                                | (989)         |                         |               | (12,658)      |  |      | (5,312)       |  |  | (7,072)       |              |
| (Increase) decrease in short term investments, net                                                                                         |  | (21,356)                        |              |                                | 10,680   |                         |               | (23,497)      |  |      | (10,523)      |  |  | (16,989)      |              |
| Proceeds from sale of investments                                                                                                          |  | 12,640                     |              |                                | 19,108   |                         |               | 57,068   |  |      | 167,432  |  |  | 245,698  |              |
| Net realized loss on investments                                                                                                           |  | 42,543                     |              |                                | 311      |                         |               | 57,717   |  |      | 3,510    |  |  | 24,778   |              |
| Net unrealized (appreciation) depreciation on investments                                                                                  |  | (52,178)                        |              |                                | 23,568   |                         |               | 57,542   |  |      | 38,871   |  |  | 10,551   |              |
|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| Amortization of debt issuance costs                                                                                                        |  | 536                        |              |                                | 695      |                         |               | 4,500    |  |      | 2,210    |  |  | 2,898    |              |
| (Increase) decrease in due from counterparty                                                                                               |  | —                    |              |                                | —  |                         |               | 3,281    |  |      | —  |  |  | (3,281)       |              |
| (Increase) decrease in interest receivable on investments                                                                                  |  | 2,499                      |              |                                | (1,355)       |                         |               | (1,792)       |  |      | (230)         |  |  | 2,481    |              |
| (Increase) decrease in dividends receivable                                                                                                |  | 810                        |              |                                | —  |                         |               | (600)         |  |      | —  |  |  | (1,106)       |              |
| (Increase) decrease in receivable due on investments sold                                                                                  |  | (5,367)                         |              |                                | 393      |                         |               | 11,279   |  |      | 3,504    |  |  | (12,765)      |              |
|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| (Increase) decrease in prepaid expenses and other assets                                                                                   |  | (816)                           |              |                                | (3)           |                         |               | (383)         |  |      | (352)         |  |  | (796)         |              |
| Increase (decrease) in payable for investments purchased                                                                                   |  | 3,388                      |              |                                | (9,898)       |                         |               | 3,388    |  |      | (12,432)      |  |  | (15,283)      |              |
| Increase (decrease) in accounts payable and accrued expenses                                                                               |  | (100)                           |              |                                | 211      |                         |               | (40)          |  |      | 100      |  |  | (124)         |              |
| Increase (decrease) in interest payable                                                                                                    |  | (84)                            |              |                                | (385)         |                         |               | (768)         |  |      | (763)         |  |  | (797)         |              |
| Increase (decrease) in accrued management fees                                                                                             |  | (150)                           |              |                                | (208)         |                         |               | (1,090)       |  |      | (279)         |  |  | (439)         |              |
| Increase (decrease) in accrued administrative services expense                                                                             |  | (144)                           |              |                                | 370      |                         |               | (628)         |  |      | (460)         |  |  | 304      |              |
|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| Increase (decrease) in subordinated incentive fee on income payable                                                                        |  | (3,308)                         |              |                                | 866      |                         |               | (5,612)       |  |      | 2,379    |  |  | 3,008    |              |
| Net cash provided by operating activities                                                                                                  |  | 29,859                     |              |                                | 66,022   |                         |               | 146,851  |  |      | 106,147  |  |  | 126,036  |              |
|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| Financing activities:                                                                                                                  |  |                                 |              |                                |               |                         |               |               |  |      |
| Gross proceeds from issuance of common stock                                                                                               |  | —                    |              |                                | —  |                         |               | —  |  |      | 6,516    |  |  | 6,515    |              |
| Commissions and dealer manager fees paid                                                                                                   |  | —                    |              |                                | —  |                         |               | —  |  |      | (296)         |  |  | (296)         |              |
| Repurchase of common stock                                                                                                                 |  | —                    |              |                                | (8,562)       |                         |               | (8,085)       |  |      | (26,849)      |  |  | (35,799)      |              |
| Shareholders' distributions paid                                                                                                           |  | (6,298)                         |              |                                | (12,236)      |                         |               | (19,021)      |  |      | (35,522)      |  |  | (48,972)      |              |
| Borrowings under financing arrangements                                                                                                    |  | —                    |              |                                | 90,000   |                         |               | 486,153  |  |      | 223,500  |  |  | 313,000  |              |
| Repayments of financing arrangements                                                                                                       |  | (21,035)                        |              |                                | (130,000)     |                         |               | (602,194)     |  |      | (279,500)     |  |  | (370,500)     |              |
| Debt issuance costs paid                                                                                                                   |  | —                    |              |                                | —  |                         |               | (5,625)       |  |      | (1,428)       |  |  | (1,428)       |              |
| Net cash used in financing activities                                                                                                      |  | (27,333)                        |              |                                | (60,798)      |                         |               | (148,772)     |  |      | (113,579)     |  |  | (137,480)     |              |
|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| Net increase (decrease) in cash and restricted cash                                                                                        |  | 2,526                      |              |                                | 5,224    |                         |               | (1,921)       |  |      | (7,432)       |  |  | (11,444)      |              |
| Cash and restricted cash, beginning of period                                                                                              |  | 1,688                      |              |                                | 4,923    |                         |               | 6,135    |  |      | 17,579   |  |  | 17,579   |              |
| Cash and restricted cash, end of period                                                                                                    |  | $                               | 4,214   |                                |               | $                       | 10,147   |               |  | $    | 4,214    |  |  | $             | 10,147  |  |  | $ | 6,135   |  |
|                                                                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| Supplemental disclosure of cash flow information:                                                                                      |  |                                 |              |                                |               |                         |               |               |  |      |
| Cash paid for interest                                                                                                                     |  | $                               | 7,090   |                                |               | $                       | 12,168   |               |  | $    | 25,735   |  |  | $             | 36,895  |  |  | $ | 47,413  |  |
| Supplemental non-cash financing activities:                                                                                            |  |                                 |              |                                |               |                         |               |               |  |      |
| Reinvestment of shareholders' distributions                                                                                                |  | $                               | 3,713   |                                |               | $                       | 8,562    |               |  | $    | 11,783   |  |  | $             | 26,849  |  |  | $ | 35,800  |  |
| Restructuring of portfolio investments                                                                                                     |  | $                               | 35,771  |                                |               | $                       | —  |               |  | $    | 74,534   |  |  | $             | 9,903   |  |  | $ | 71,445  |  |

----

|                                                                                                |  |               |  |                                                   |  |                                       |             |         |               |              |             |               |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------------------|-------------|---------|---------------|--------------|-------------|---------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                           |  | Index Rate(b) |  | Industry                                          |  | Principal/Par Amount/Units(e) |             | Cost(d) |               | FairValue(c) |
| Senior Secured First Lien Debt - 142.1%                                                        |  |               |  |                                                   |  |                                       |             |         |               |              |
| 1244311 B.C. LTD., L+500, 1.00% LIBOR Floor, 9/30/2025                                 |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | $                                     | 2,422  |         |               | $            | 2,289  |               |  | $ | 2,287  |  |
| 1244311 B.C. LTD., L+500, 1.00% LIBOR Floor, 9/30/2025                                 |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 807                              |             |         | 755      |              |             | 755      |  |
| Adams Publishing Group, LLC, L+700, 1.75% LIBOR Floor, 7/2/2023(o)(p)                  |  | 1 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 12,778                           |             |         | 12,694   |              |             | 12,299   |  |
| Adapt Laser Acquisition, Inc., L+800, 1.00% LIBOR Floor, 12/31/2023(o)                 |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 11,370                           |             |         | 11,370   |              |             | 9,721    |  |
| Adapt Laser Acquisition, Inc., L+800, 1.00% LIBOR Floor, 12/31/2023                    |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 2,000                            |             |         | 2,000    |              |             | 1,710    |  |
| Aegis Toxicology Sciences Corp., L+550, 1.00% LIBOR Floor, 5/9/2025(o)                 |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 9,800                            |             |         | 9,654    |              |             | 8,085    |  |
| AIS Holdco, LLC, L+500, 0.00% LIBOR Floor, 8/15/2025(o)                                |  | 3 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 5,278                            |             |         | 5,227    |              |             | 4,856    |  |
| Alchemy US Holdco 1, LLC, 5.50%, 10/10/2025(o)                                         |  | 1 Month LIBOR |  | Construction & Building                       |  | 13,044                           |             |         | 12,905   |              |             | 12,115   |  |
| Allen Media, LLC, L+550, 0.00% LIBOR Floor, 2/10/2027(o)(p)                            |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 24,871                           |             |         | 24,871   |              |             | 24,203   |  |
| ALM Media, LLC, L+650, 1.00% LIBOR Floor, 11/25/2024(o)(p)                             |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 19,250                           |             |         | 18,921   |              |             | 18,287   |  |
| AMCP Staffing Intermediate Holdings III, LLC, L+675, 1.50% LIBOR Floor, 9/24/2025(o)   |  | 1 Month LIBOR |  | Services: Business                            |  | 9,925                            |             |         | 9,874    |              |             | 9,429    |  |
| AMCP Staffing Intermediate Holdings III, LLC, 0.50% Unfunded, 9/24/2025                |  | None          |  | Services: Business                            |  | 1,598                            |             |         | —  |              |             | (80)          |  |
| American Clinical Solutions LLC, 7.00%, 12/31/2022(o)(s)                               |  | None          |  | Healthcare & Pharmaceuticals                  |  | 3,500                            |             |         | 3,419    |              |             | 3,132    |  |
| American Clinical Solutions LLC, 7.00%, 10/13/2020(o)(s)                               |  | None          |  | Healthcare & Pharmaceuticals                  |  | 250                              |             |         | 250      |              |             | 241      |  |
| American Consolidated Natural Resources, Inc., L+1600, 1.00% LIBOR Floor, 9/16/2025(o) |  | 3 Month LIBOR |  | Metals & Mining                               |  | 774                              |             |         | 539      |              |             | 549      |  |
| American Media, LLC, L+775, 1.50% LIBOR Floor, 12/31/2023(o)                           |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 12,952                           |             |         | 12,724   |              |             | 12,628   |  |
| American Media, LLC, L+775, 1.50% LIBOR Floor, 12/31/2023(o)                           |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 1,702                            |             |         | 1,668    |              |             | 1,659    |  |
| American Teleconferencing Services, Ltd., L+650, 1.00% LIBOR Floor, 12/8/2021(o)       |  | 3 Month LIBOR |  | Telecommunications                                |  | 19,522                           |             |         | 18,735   |              |             | 15,618   |  |
| Analogic Corp., L+525, 1.00% LIBOR Floor, 6/21/2024(o)(p)                              |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 4,963                            |             |         | 4,894    |              |             | 4,863    |  |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024(o)(v)       |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 11,173                           |             |         | 11,038   |              |             | 11,033   |  |
| Anthem Sports & Entertainment Inc., 0.50% Unfunded, 9/9/2024                       |  | None          |  | Media: Diversified & Production           |  | 1,333                            |             |         | —  |              |             | (13)          |  |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024             |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 833                              |             |         | 833      |              |             | 825      |  |
| APC Intermediate Holdings, Inc., L+1000, 1.00% LIBOR Floor, 7/24/2025                  |  | 2 Month LIBOR |  | Automotive                                        |  | 2,658                            |             |         | 2,535    |              |             | 4,375    |  |
| APCO Holdings, LLC, L+550, 0.00% LIBOR Floor, 6/9/2025(o)                              |  | 1 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 10,527                           |             |         | 10,448   |              |             | 10,396   |  |
| Appalachian Resource Company, LLC, L+1000, 2.00% LIBOR Floor, 9/10/2023(o)             |  | 3 Month LIBOR |  | Metals & Mining                               |  | 12,887                           |             |         | 11,166   |              |             | 11,166   |  |
| Associated Asphalt Partners, LLC, L+525, 1.00% LIBOR Floor, 4/5/2024(o)(p)             |  | 1 Month LIBOR |  | Construction & Building                       |  | 14,565                           |             |         | 14,122   |              |             | 13,127   |  |
| Avison Young (USA) Inc., L+500, 0.00% LIBOR Floor, 1/31/2026(h)(o)                     |  | 3 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 9,825                            |             |         | 9,666    |              |             | 9,321    |  |
| Bi-Lo, LLC, L+800, 1.00% LIBOR Floor, 5/31/2024(o)(p)                                  |  | 1 Month LIBOR |  | Retail                                            |  | 18,721                           |             |         | 18,076   |              |             | 18,766   |  |
| BK Medical Holding Company, Inc., L+525, 1.00% LIBOR Floor, 6/22/2024(o)(p)            |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 4,975                            |             |         | 4,935    |              |             | 4,726    |  |
| Cadence Aerospace, LLC, L+850, 1.00% LIBOR Floor, 11/14/2023(o)(p)(v)                  |  | 3 Month LIBOR |  | Aerospace & Defense                           |  | 37,323                           |             |         | 36,805   |              |             | 35,457   |  |
| Cardinal US Holdings, Inc., L+500, 1.00% LIBOR Floor, 7/31/2023(o)                     |  | 3 Month LIBOR |  | Services: Business                            |  | 8,245                            |             |         | 7,928    |              |             | 7,214    |  |
| CB URS Holdings Corp., L+575, 1.00% LIBOR Floor, 9/1/2024(o)                           |  | 6 Month LIBOR |  | Transportation: Cargo                         |  | 16,014                           |             |         | 15,944   |              |             | 14,392   |  |
| Central Security Group, Inc., L+563, 1.00% LIBOR Floor, 10/6/2021(o)(r)                |  | 3 Month LIBOR |  | Services: Consumer                            |  | 19,314                           |             |         | 19,320   |              |             | 13,500   |  |
| Charming Charlie LLC, L+1200, 1.00% LIBOR Floor, 4/24/2023(r)(s)(v)                    |  | 1 Month LIBOR |  | Retail                                            |  | 3,595                            |             |         | —  |              |             | —  |  |

----

|                                                                                             |  |               |  |                                         |  |                                       |  |         |               |              |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------|--|---------------|--|-----------------------------------------|--|---------------------------------------|--|---------|---------------|--------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                        |  | Index Rate(b) |  | Industry                                |  | Principal/Par Amount/Units(e) |  | Cost(d) |               | FairValue(c) |
| Charming Charlie LLC, L+1200, 1.00% LIBOR Floor, 4/24/2023(r)(s)(v)                 |  | 1 Month LIBOR |  | Retail                                  |  | 2,936                            |  |         | —  |              |  | —  |  |
| Charming Charlie LLC, 20.00%, 5/15/2020(r)(s)                                       |  | None          |  | Retail                                  |  | 777                              |  |         | 657      |              |  | 350      |  |
| CHC Solutions Inc., 12.00%, 7/20/2023(p)(v)                                         |  | None          |  | Healthcare & Pharmaceuticals        |  | 7,573                            |  |         | 7,573    |              |  | 7,308    |  |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021(o)(p)                |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure             |  | 24,974                           |  |         | 24,533   |              |  | 17,332   |  |
| CircusTrix Holdings, LLC, 1.00% Unfunded, 12/16/2021                                |  | None          |  | Hotel, Gaming & Leisure             |  | 2,898                            |  |         | —  |              |  | —  |  |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021(o)(v)                |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure             |  | 2,535                            |  |         | 2,535    |              |  | 1,759    |  |
| Country Fresh Holdings, LLC, L+500, 1.00% LIBOR Floor, 4/29/2023                    |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 1,020                            |  |         | 980      |              |  | 847      |  |
| Country Fresh Holdings, LLC, 12.00%, 6/1/2022(v)                                    |  | None          |  | Beverage, Food & Tobacco            |  | 550                              |  |         | 523      |              |  | 539      |  |
| Country Fresh Holdings, LLC, L+500, 1.00% LIBOR Floor, 4/29/2023(o)                 |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 414                              |  |         | 414      |              |  | 343      |  |
| Country Fresh Holdings, LLC, 0.00% Unfunded, 6/1/2022(q)                            |  | None          |  | Beverage, Food & Tobacco            |  | 182                              |  |         | —  |              |  | (4)           |  |
| Coyote Buyer, LLC, L+600, 1.00% LIBOR Floor, 2/6/2026(o)(p)                         |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber        |  | 29,850                           |  |         | 29,581   |              |  | 29,701   |  |
| Coyote Buyer, LLC, 0.50% Unfunded, 2/6/2025(o)(p)                                   |  | None          |  | Chemicals, Plastics & Rubber        |  | 2,500                            |  |         | (13)          |              |  | (13)          |  |
|                                                                                             |  |               |  |                                         |  |                                       |  |         |               |              |
| David's Bridal, LLC, L+1000, 1.00% LIBOR Floor, 6/23/2023(v)                        |  | 1 Month LIBOR |  | Retail                                  |  | 5,319                            |  |         | 4,340    |              |  | 5,319    |  |
| David's Bridal, LLC, L+600, 1.00% LIBOR Floor, 6/30/2023(v)                         |  | 3 Month LIBOR |  | Retail                                  |  | 733                              |  |         | 632      |              |  | 733      |  |
| Deluxe Entertainment Services, Inc., L+650, 1.00% LIBOR Floor, 3/25/2024(o)(s)(v)   |  | 3 Month LIBOR |  | Media: Diversified & Production |  | 14,896                           |  |         | 15,115   |              |  | 19,365   |  |
| Deluxe Entertainment Services, Inc., L+1000, 1.00% LIBOR Floor, 11/30/2020(s)       |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 3,400                            |  |         | 3,253    |              |  | 3,502    |  |
| DMT Solutions Global Corp., L+700, 0.00% LIBOR Floor, 7/2/2024(o)                   |  | 3 Month LIBOR |  | Services: Business                  |  | 17,750                           |  |         | 17,388   |              |  | 16,507   |  |
| Eagle Family Foods Group LLC, L+650, 1.00% LIBOR Floor, 6/14/2024(o)                |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 14,663                           |  |         | 14,439   |              |  | 14,296   |  |
| Entertainment Studios P&A LLC, 6.26%, 5/18/2037(l)(o)                           |  | None          |  | Media: Diversified & Production |  | 14,082                           |  |         | 13,979   |              |  | 13,132   |  |
| Entertainment Studios P&A LLC, 5.00%, 5/18/2037(l)                              |  | None          |  | Media: Diversified & Production |  | —                          |  |         | —  |              |  | 1,364    |  |
| EnTrans International, LLC, L+600, 0.00% LIBOR Floor, 11/1/2024(o)                  |  | 1 Month LIBOR |  | Capital Equipment                       |  | 26,625                           |  |         | 26,427   |              |  | 23,696   |  |
| ES Chappaquiddick LLC, 10.00%, 5/18/2022(o)                                         |  | None          |  | Media: Diversified & Production |  | 925                              |  |         | 925      |              |  | 939      |  |
| Extreme Reach, Inc., L+750, 1.50% LIBOR Floor, 3/29/2024(o)(p)                      |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 16,173                           |  |         | 16,110   |              |  | 15,768   |  |
| Extreme Reach, Inc., 0.50% Unfunded, 3/29/2024(o)(p)                                |  | None          |  | Media: Diversified & Production |  | 1,163                            |  |         | —  |              |  | (29)          |  |
| Extreme Reach, Inc., L+750, 1.50% LIBOR Floor, 3/29/2024(o)(p)                      |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 581                              |  |         | 579      |              |  | 567      |  |
| F+W Media, Inc., L+650, 1.50% LIBOR Floor, 5/24/2022(o)(r)(s)(v)                    |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 1,174                            |  |         | 1,115    |              |  | —  |  |
| Foundation Consumer Healthcare, LLC, L+600, 1.00% LIBOR Floor, 11/2/2023(o)(p)      |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 38,770                           |  |         | 38,531   |              |  | 38,770   |  |
| Foundation Consumer Healthcare, LLC, 0.50% Unfunded, 11/2/2023                      |  | None          |  | Healthcare & Pharmaceuticals        |  | 4,211                            |  |         | (16)          |              |  | —  |  |
| Genesis Healthcare, Inc., L+600, 0.50% LIBOR Floor, 3/6/2023(h)(o)                  |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 30,000                           |  |         | 29,830   |              |  | 29,175   |  |
| Geo Parent Corp., L+525, 0.00% LIBOR Floor, 12/19/2025(o)                           |  | 1 Month LIBOR |  | Services: Business                  |  | 14,775                           |  |         | 14,655   |              |  | 14,332   |  |
| Geon Performance Solutions, LLC, L+625, 1.63% LIBOR Floor, 10/25/2024(o)(p)         |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber        |  | 17,283                           |  |         | 17,181   |              |  | 16,592   |  |
| Geon Performance Solutions, LLC, 0.50% Unfunded, 10/25/2024                         |  | None          |  | Chemicals, Plastics & Rubber        |  | 2,586                            |  |         | —  |              |  | (103)         |  |
| Harland Clarke Holdings Corp., L+475, 1.00% LIBOR Floor, 11/3/2023(o)               |  | 3 Month LIBOR |  | Services: Business                  |  | 12,547                           |  |         | 12,513   |              |  | 10,336   |  |
| Healogics, Inc., L+425, 1.00% LIBOR Floor, 7/1/2021(o)                              |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 4,712                            |  |         | 4,652    |              |  | 4,335    |  |
| Hilliard, Martinez & Gonzales, LLP, L+1800, 2.00% LIBOR Floor, 12/17/2022(o)(v) |  | 1 Month LIBOR |  | Services: Consumer                  |  | 16,079                           |  |         | 15,961   |              |  | 16,079   |  |

----

|                                                                                                      |  |                 |  |                                                   |  |                                       |             |         |               |              |  |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------|--|-----------------|--|---------------------------------------------------|--|---------------------------------------|-------------|---------|---------------|--------------|--|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                                 |  | Index Rate(b)   |  | Industry                                          |  | Principal/Par Amount/Units(e) |             | Cost(d) |               | FairValue(c) |
| Homer City Generation, L.P., L+1100, 1.00% LIBOR Floor, 4/5/2023(o)(r)                       |  | 3 Month LIBOR   |  | Energy: Oil & Gas                         |  | 14,407                           |             |         | 13,916   |              |  | 11,670   |             |
| HUMC Holdco, LLC, 9.00%, 11/16/2020(o)                                                       |  | None            |  | Healthcare & Pharmaceuticals                  |  | 10,000                           |             |         | 9,978    |              |  | 9,675    |             |
| Hummel Station LLC, L+600, 1.00% LIBOR Floor, 10/27/2022(o)                                  |  | 1 Month LIBOR   |  | Energy: Oil & Gas                         |  | 9,456                            |             |         | 9,234    |              |  | 8,830    |             |
| Hyperion Materials & Technologies, Inc., L+550, 1.00% LIBOR Floor, 8/28/2026(o)          |  | 6 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 9,925                            |             |         | 9,748    |              |  | 9,230    |             |
| Independent Pet Partners Intermediate Holdings, LLC, L+900, 1.00% LIBOR Floor, 11/19/2023(o) |  | 6 Month LIBOR   |  | Retail                                            |  | 12,522                           |             |         | 12,376   |              |  | 10,190   |             |
| Independent Pet Partners Intermediate Holdings, LLC, 1.00% Unfunded, 11/19/2023              |  | None            |  | Retail                                            |  | 7,363                            |             |         | —  |              |  | —  |             |
| Independent Pet Partners Intermediate Holdings, LLC, L+225, 0.00% LIBOR Floor, 12/22/2022(o) |  | 3 Month LIBOR   |  | Retail                                            |  | 2,222                            |             |         | 2,222    |              |  | 2,222    |             |
| Infinity Sales Group, LLC, L+1050, 1.00% LIBOR Floor, 11/23/2022(o)                          |  | 1 Month LIBOR   |  | Services: Business                            |  | 6,820                            |             |         | 6,725    |              |  | 6,820    |             |
| InfoGroup Inc., L+500, 1.00% LIBOR Floor, 4/3/2023(o)(p)                                     |  | 3 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 15,635                           |             |         | 15,625   |              |  | 14,071   |             |
| Instant Web, LLC, L+650, 1.00% LIBOR Floor, 12/15/2022(o)(p)                                 |  | 1 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 37,531                           |             |         | 37,472   |              |  | 34,904   |             |
| Instant Web, LLC, 0.50% Unfunded, 12/15/2022                                                 |  | None            |  | Media: Advertising, Printing & Publishing |  | 2,704                            |             |         | —  |              |  | (189)         |             |
| Isagenix International, LLC, L+575, 1.00% LIBOR Floor, 6/14/2025(o)                          |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 13,244                           |             |         | 13,146   |              |  | 9,403    |             |
| Island Medical Management Holdings, LLC, L+650, 1.00% LIBOR Floor, 9/1/2022(o)(p)            |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 11,222                           |             |         | 11,156   |              |  | 10,367   |             |
| Jab Wireless, Inc., L+800, 0.00% LIBOR Floor, 5/2/2023(o)                                    |  | 1 Month LIBOR   |  | Telecommunications                                |  | 13,457                           |             |         | 13,457   |              |  | 13,457   |             |
| Jenny C Acquisition, Inc., L+1250, 1.75% LIBOR Floor, 10/1/2024(o)(v)                        |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 10,584                           |             |         | 10,510   |              |  | 9,273    |             |
| JP Intermediate B, LLC, L+550, 1.00% LIBOR Floor, 11/20/2025(o)                              |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 15,502                           |             |         | 15,235   |              |  | 13,739   |             |
| KNB Holdings Corp., L+550, 1.00% LIBOR Floor, 4/26/2024(o)(r)                                |  | 6 Month LIBOR   |  | Consumer Goods: Durable                       |  | 8,128                            |             |         | 7,569    |              |  | 3,516    |             |
| Labvantage Solutions Inc., L+750, 1.00% LIBOR Floor, 12/29/2020(o)(p)                        |  | 1 Month LIBOR   |  | High Tech Industries                              |  | 2,646                            |             |         | 2,644    |              |  | 2,646    |             |
| Labvantage Solutions Ltd., E+750, 1.00% EURIBOR Floor, 12/29/2020(h)                         |  | 1 Month EURIBOR |  | High Tech Industries                              |  | €                               | 3,026  |         |               | 3,401   |  |               | 3,547  |  |
| LAV Gear Holdings, Inc., L+750, 1.00% LIBOR Floor, 10/31/2024(o)(p)(v)                       |  | 3 Month LIBOR   |  | Services: Business                            |  | 25,042                           |             |         | 24,625   |              |  | 23,790   |             |
| LAV Gear Holdings, Inc., L+750, 1.00% LIBOR Floor, 10/31/2024(o)(p)(v)                       |  | 3 Month LIBOR   |  | Services: Business                            |  | 4,319                            |             |         | 4,269    |              |  | 4,103    |             |
| LAV Gear Holdings, Inc., 1.00% Unfunded, 4/7/2021                                            |  | None            |  | Services: Business                            |  | 864                              |             |         | (7)           |              |  | (43)          |             |
| LD Intermediate Holdings, Inc., L+588, 1.00% LIBOR Floor, 12/9/2022(o)                       |  | 3 Month LIBOR   |  | High Tech Industries                              |  | 11,192                           |             |         | 11,009   |              |  | 10,716   |             |
| LGC US Finco, LLC, L+650, 1.00% LIBOR Floor, 12/20/2025(o)                                   |  | 1 Month LIBOR   |  | Capital Equipment                                 |  | 9,850                            |             |         | 9,577    |              |  | 9,554    |             |
| Lift Brands, Inc., L+325, 1.00% LIBOR Floor, 6/29/2025(o)(p)(s)                              |  | 1 Month LIBOR   |  | Services: Consumer                            |  | 23,642                           |             |         | 23,642   |              |  | 23,878   |             |
| Lift Brands, Inc., 6/29/2025(o)(p)(q)(s)(x)                                                  |  | None            |  | Services: Consumer                            |  | 5,296                            |             |         | 4,653    |              |  | 4,647    |             |
| Lift Brands, Inc., 9.50%, 6/29/2025(o)(p)(s)(v)                                              |  | None            |  | Services: Consumer                            |  | 4,746                            |             |         | 4,634    |              |  | 4,628    |             |
| Longview Power, LLC, L+1000, 1.50% LIBOR Floor, 7/30/2025(s)                                 |  | 3 Month LIBOR   |  | Energy: Oil & Gas                         |  | 2,361                            |             |         | 589      |              |  | 2,384    |             |
| Manna Pro Products, LLC, L+600, 1.00% LIBOR Floor, 12/8/2023(o)                              |  | 1 Month LIBOR   |  | Retail                                            |  | 4,432                            |             |         | 4,432    |              |  | 4,388    |             |
| Manna Pro Products, LLC, L+600, 1.00% LIBOR Floor, 12/8/2023(o)                              |  | 1 Month LIBOR   |  | Retail                                            |  | 3,413                            |             |         | 3,413    |              |  | 3,379    |             |
| Manna Pro Products, LLC, 1.00% Unfunded, 5/31/2021                                           |  | None            |  | Retail                                            |  | 1,096                            |             |         | —  |              |  | (11)          |             |
| Mimeo.com, Inc., L+700, 1.00% LIBOR Floor, 12/21/2023(o)(x)                                  |  | 3 Month LIBOR   |  | Services: Business                            |  | 22,847                           |             |         | 22,847   |              |  | 22,276   |             |
| Mimeo.com, Inc., 0.25% Unfunded, 12/21/2020                                                  |  | None            |  | Services: Business                            |  | 10,000                           |             |         | —  |              |  | (250)         |             |
| Mimeo.com, Inc., L+1700, 1.00% LIBOR Floor, 12/21/2023(o)(v)                                 |  | 3 Month LIBOR   |  | Services: Business                            |  | 2,077                            |             |         | 2,077    |              |  | 2,131    |             |
| Mimeo.com, Inc., 1.00% Unfunded, 12/21/2023                                                  |  | None            |  | Services: Business                            |  | 1,000                            |             |         | —  |              |  | 26       |             |
| Moss Holding Company, L+650, 1.00% LIBOR Floor, 4/17/2023(o)(p)                              |  | 3 Month LIBOR   |  | Services: Business                            |  | 19,535                           |             |         | 19,335   |              |  | 17,582   |             |

----

|                                                                                                      |  |                |  |                                                   |  |                                       |  |         |               |              |  |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------|--|----------------|--|---------------------------------------------------|--|---------------------------------------|--|---------|---------------|--------------|--|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                                 |  | Index Rate(b)  |  | Industry                                          |  | Principal/Par Amount/Units(e) |  | Cost(d) |               | FairValue(c) |
| Moss Holding Company, L+650, 1.00% LIBOR Floor, 4/17/2023                                    |  | 3 Month LIBOR  |  | Services: Business                            |  | 1,321                            |  |         | 1,321    |              |  | 1,189   |  |
| Moss Holding Company, 0.50% Unfunded, 4/17/2023                                              |  | None           |  | Services: Business                            |  | 911                              |  |         | —  |              |  | (91)         |  |
| NewsCycle Solutions, Inc., L+700, 1.00% LIBOR Floor, 12/29/2022(o)(p)                        |  | 3 Month LIBOR  |  | Media: Advertising, Printing & Publishing |  | 14,420                           |  |         | 14,343   |              |  | 14,204  |  |
| One Call Corp., L+525, 1.00% LIBOR Floor, 11/25/2022(o)                                      |  | 3 Month LIBOR  |  | Healthcare & Pharmaceuticals                  |  | 3,872                            |  |         | 3,748    |              |  | 3,611   |  |
| Optio Rx, LLC, L+700, 0.00% LIBOR Floor, 6/28/2024(o)(p)                                     |  | 1 Month LIBOR  |  | Healthcare & Pharmaceuticals                  |  | 19,900                           |  |         | 19,900   |              |  | 19,402  |  |
| Optio Rx, LLC, L+1000, 0.00% LIBOR Floor, 6/28/2024(p)                                       |  | 1 Month LIBOR  |  | Healthcare & Pharmaceuticals                  |  | 2,515                            |  |         | 2,490    |              |  | 2,691   |  |
| Palmetto Solar, LLC, 12.00%, 12/12/2024(o)                                                   |  | None           |  | High Tech Industries                              |  | 11,588                           |  |         | 11,155   |              |  | 11,472  |  |
| Palmetto Solar, LLC, 0.75% Unfunded, 12/12/2021                                              |  | None           |  | High Tech Industries                              |  | 8,412                            |  |         | —  |              |  | (84)         |  |
| PFS Holding Corp., L+350, 1.00% LIBOR Floor, 1/31/2021(o)(r)                                 |  | 3 Month LIBOR  |  | Retail                                            |  | 3,097                            |  |         | 2,699    |              |  | 13      |  |
| PH Beauty Holdings III. Inc., L+500, 0.00% LIBOR Floor, 9/28/2025(o)                         |  | 2 Month LIBOR  |  | Consumer Goods: Non-Durable                   |  | 4,851                            |  |         | 4,813    |              |  | 4,535   |  |
| Pixelle Specialty Solutions LLC, L+650, 1.00% LIBOR Floor, 10/31/2024(o)                     |  | 1 Month LIBOR  |  | Forest Products & Paper                       |  | 20,381                           |  |         | 20,001   |              |  | 20,305  |  |
| Plano Molding Company, LLC, L+750, 1.00% LIBOR Floor, 5/12/2021(o)(v)                        |  | 3 Month LIBOR  |  | Consumer Goods: Non-Durable                   |  | 5,978                            |  |         | 5,963    |              |  | 5,679   |  |
| Plano Molding Company, LLC, L+900, 1.00% LIBOR Floor, 5/11/2022(o)                           |  | 3 Month LIBOR  |  | Consumer Goods: Non-Durable                   |  | 728                              |  |         | 722      |              |  | 721     |  |
| Polymer Additives, Inc., L+600, 0.00% LIBOR Floor, 7/31/2025(o)                              |  | 6 Month LIBOR  |  | Chemicals, Plastics & Rubber                  |  | 19,650                           |  |         | 19,351   |              |  | 15,597  |  |
| Polymer Process Holdings, Inc., L+600, 0.00% LIBOR Floor, 5/1/2026(o)                        |  | 1 Month LIBOR  |  | Chemicals, Plastics & Rubber                  |  | 19,738                           |  |         | 19,403   |              |  | 19,047  |  |
| SCIH Salt Intermediate Holdings Inc., L+450, 1.00% LIBOR Floor, 3/16/2027(p)                 |  | 3 Month LIBOR  |  | Chemicals, Plastics & Rubber                  |  | 4,988                            |  |         | 4,940    |              |  | 4,997   |  |
| Securus Technologies Holdings, Inc., L+450, 1.00% LIBOR Floor, 11/1/2024(o)                  |  | 6 Month LIBOR  |  | Telecommunications                                |  | 3,959                            |  |         | 3,002    |              |  | 3,959   |  |
| SEK Holding Co LLC, L+1150, 1.00% LIBOR Floor, 3/14/2022(o)(v)                               |  | 1 Month LIBOR  |  | Banking, Finance, Insurance & Real Estate     |  | 15,835                           |  |         | 15,644   |              |  | 14,616  |  |
| Sequoia Healthcare Management, LLC, 12.75%, 8/21/2023(o)(p)(r)                               |  | None           |  | Healthcare & Pharmaceuticals                  |  | 8,525                            |  |         | 8,457    |              |  | 6,905   |  |
| SIMR, LLC, L+1700, 2.00% LIBOR Floor, 9/7/2023(o)(r)(s)(v)                                   |  | 1 Month LIBOR  |  | Healthcare & Pharmaceuticals                  |  | 15,872                           |  |         | 15,282   |              |  | 12,658  |  |
| Smart & Final Inc., L+675, 0.00% LIBOR Floor, 6/20/2025(o)                               |  | 1 Month LIBOR  |  | Retail                                            |  | 7,855                            |  |         | 7,252    |              |  | 7,894   |  |
| Software Luxembourg Acquisitions S.À.R.L., L+750, 1.00% LIBOR Floor, 4/27/2025(h)(o)(p) |  | 3 Month LIBOR  |  | High Tech Industries                              |  | 3,011                            |  |         | 2,900    |              |  | 2,898   |  |
| Software Luxembourg Acquisitions S.À.R.L., L+750, 1.00% LIBOR Floor, 12/27/2024(h)      |  | 3 Month LIBOR  |  | High Tech Industries                              |  | 807                              |  |         | 796      |              |  | 792     |  |
| Sorenson Communications, LLC, L+650, 0.00% LIBOR Floor, 4/30/2024(o)                         |  | 3 Month LIBOR  |  | Telecommunications                                |  | 11,840                           |  |         | 11,525   |              |  | 11,848  |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 6/30/2021(o)                           |  | 12 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 12,593                           |  |         | 12,504   |              |  | 11,711  |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 6/30/2021(o)(v)                        |  | 12 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 1,087                            |  |         | 1,087    |              |  | 1,010   |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 6/30/2021(o)(v)                        |  | 12 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 572                              |  |         | 493      |              |  | 532     |  |
| Stats Intermediate Holdings, LLC, L+525, 0.00% LIBOR Floor, 7/12/2026(o)                     |  | 1 Month LIBOR  |  | High Tech Industries                              |  | 9,925                            |  |         | 9,737    |              |  | 9,789   |  |
| Telestream Holdings Corp., L+645, 1.00% LIBOR Floor, 3/24/2022(k)(o)                         |  | 3 Month LIBOR  |  | High Tech Industries                              |  | 8,700                            |  |         | 8,633    |              |  | 8,700   |  |
| Tenere Inc., L+850, 1.00% LIBOR Floor, 5/5/2025(o)(p)                                        |  | 3 Month LIBOR  |  | Capital Equipment                                 |  | 12,080                           |  |         | 12,005   |              |  | 12,080  |  |
| Tensar Corp., L+475, 1.00% LIBOR Floor, 7/9/2021(o)                                          |  | 3 Month LIBOR  |  | Chemicals, Plastics & Rubber                  |  | 12,876                           |  |         | 12,695   |              |  | 12,619  |  |
| The Pasha Group, L+750, 1.00% LIBOR Floor, 1/26/2023(o)(p)                                   |  | 2 Month LIBOR  |  | Transportation: Cargo                         |  | 4,825                            |  |         | 4,748    |              |  | 4,656   |  |
| The Pay-O-Matic Corp., L+900, 1.00% LIBOR Floor, 4/5/2021(g)(o)                              |  | 3 Month LIBOR  |  | Services: Consumer                            |  | 7,952                            |  |         | 7,936    |              |  | 7,952   |  |
| Therapure Biopharma Inc., L+875, 0.50% LIBOR Floor, 12/1/2021(h)(o)                          |  | 1 Month LIBOR  |  | Healthcare & Pharmaceuticals                  |  | 12,974                           |  |         | 12,956   |              |  | 14,238  |  |
| Volta Charging, LLC, 12.00%, 6/19/2024(o)                                                    |  | None           |  | Media: Diversified & Production           |  | 11,250                           |  |         | 11,225   |              |  | 11,250  |  |

----

|                                                                                              |  |                 |  |                                         |  |                                       |             |                 |              |              |                 |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------|--|-----------------|--|-----------------------------------------|--|---------------------------------------|-------------|-----------------|--------------|--------------|-----------------|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                         |  | Index Rate(b)   |  | Industry                                |  | Principal/Par Amount/Units(e) |             | Cost(d)         |              | FairValue(c) |
| Volta Charging, LLC, 12.00%, 6/19/2024(o)                                            |  | None            |  | Media: Diversified & Production |  | 10,000                           |             |                 | 10,000  |              |                 | 10,000   |             |
| Volta Charging, LLC, 0.00% Unfunded, 6/19/2021(q)                                    |  | None            |  | Media: Diversified & Production |  | 750                              |             |                 | (24)         |              |                 | —  |             |
| West Dermatology Management Holdings, LLC, L+600, 1.00% LIBOR Floor, 2/11/2025(o)(p) |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 9,479                            |             |                 | 9,402   |              |                 | 8,958    |             |
| West Dermatology Management Holdings, LLC, 0.75% Unfunded, 2/11/2022                 |  | None            |  | Healthcare & Pharmaceuticals        |  | 8,840                            |             |                 | (35)         |              |                 | (44)          |             |
| West Dermatology Management Holdings, LLC, L+600, 1.00% LIBOR Floor, 2/11/2025       |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 1,657                            |             |                 | 1,644   |              |                 | 1,595    |             |
| Winebow Holdings, Inc., L+375, 1.00% LIBOR Floor, 7/1/2021(o)(p)                     |  | 1 Month LIBOR   |  | Beverage, Food & Tobacco            |  | 5,952                            |             |                 | 5,660   |              |                 | 5,558    |             |
| Wok Holdings Inc., L+625, 0.00% LIBOR Floor, 3/1/2026(o)                             |  | 1 Month LIBOR   |  | Beverage, Food & Tobacco            |  | 12,805                           |             |                 | 12,657  |              |                 | 11,797   |             |
| Woodstream Corp., L+625, 1.00% LIBOR Floor, 5/29/2022(o)                             |  | 1 Month LIBOR   |  | Consumer Goods: Non-Durable         |  | 9,218                            |             |                 | 9,218   |              |                 | 9,218    |             |
| Total Senior Secured First Lien Debt                                                         |  |                 |  |                                         |  |                                       |             | 1,297,754  |              |              | 1,232,505  |               |
| Senior Secured Second Lien Debt - 18.7%                                                      |  |                 |  |                                         |  |                                       |             |                 |              |              |
| Access CIG, LLC, L+775, 0.00% LIBOR Floor, 2/27/2026(o)(p)                           |  | 3 Month LIBOR   |  | Services: Business                  |  | 17,250                           |             |                 | 17,135  |              |                 | 16,387   |             |
| Albany Molecular Research, Inc., L+700, 1.00% LIBOR Floor, 8/30/2025(o)              |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 10,000                           |             |                 | 9,858   |              |                 | 9,925    |             |
| American Residential Services LLC, L+800, 1.00% LIBOR Floor, 12/31/2022(o)           |  | 1 Month LIBOR   |  | Construction & Building             |  | 5,180                            |             |                 | 5,161   |              |                 | 5,180    |             |
| Carestream Health, Inc., L+950, 1.00% LIBOR Floor, 6/7/2021(o)(p)(v)                 |  | 6 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 11,041                           |             |                 | 11,041  |              |                 | 10,489   |             |
| Country Fresh Holdings, LLC, L+850, 1.00% LIBOR Floor, 4/29/2024(o)(v)               |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco            |  | 2,186                            |             |                 | 2,186   |              |                 | 1,552    |             |
| Dayton Superior Corp., L+700, 2.00% LIBOR Floor, 12/4/2024(o)                        |  | 3 Month LIBOR   |  | Construction & Building             |  | 1,496                            |             |                 | 1,496   |              |                 | 1,481    |             |
| Deluxe Entertainment Services, Inc., L+850, 1.00% LIBOR Floor, 9/25/2024(o)(r)(s)(v) |  | 3 Month LIBOR   |  | Media: Diversified & Production |  | 10,206                           |             |                 | 10,017  |              |                 | 3,878    |             |
| Global Tel*Link Corp., L+825, 0.00% LIBOR Floor, 11/29/2026(o)(p)                    |  | 1 Month LIBOR   |  | Telecommunications                      |  | 11,500                           |             |                 | 11,327  |              |                 | 11,428   |             |
| LSCS Holdings, Inc., L+825, 0.00% LIBOR Floor, 3/16/2026(o)                          |  | 6 Month LIBOR   |  | Services: Business                  |  | 11,891                           |             |                 | 11,675  |              |                 | 10,404   |             |
| Medical Solutions Holdings, Inc., L+838, 1.00% LIBOR Floor, 6/16/2025(o)             |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 10,000                           |             |                 | 9,889   |              |                 | 9,250    |             |
| MedPlast Holdings, Inc., L+775, 0.00% LIBOR Floor, 7/2/2026(o)                       |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 6,750                            |             |                 | 6,696   |              |                 | 5,982    |             |
| Ministry Brands, LLC, L+925, 1.00% LIBOR Floor, 6/2/2023(o)(p)                       |  | 6 Month LIBOR   |  | Services: Business                  |  | 7,000                            |             |                 | 6,963   |              |                 | 6,860    |             |
| Niacet Corp., E+875, 1.00% EURIBOR Floor, 8/1/2024(h)                                |  | 1 Month EURIBOR |  | Chemicals, Plastics & Rubber        |  | €                               | 6,263  |                 |              | 6,698   |                 |               | 7,304  |  |
| Patterson Medical Supply, Inc., L+1050, 1.00% LIBOR Floor, 8/28/2023(o)(v)           |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 14,160                           |             |                 | 14,094  |              |                 | 13,239   |             |
| PetroChoice Holdings, Inc., L+875, 1.00% LIBOR Floor, 8/21/2023(o)                   |  | 3 Month LIBOR   |  | Chemicals, Plastics & Rubber        |  | 10,000                           |             |                 | 9,885   |              |                 | 8,750    |             |
| PFS Holding Corp., L+725, 1.00% LIBOR Floor, 1/31/2022(r)                            |  | 3 Month LIBOR   |  | Retail                                  |  | 4,998                            |             |                 | 4,155   |              |                 | —  |             |
| Premiere Global Services, Inc., L+950, 1.00% LIBOR Floor, 6/6/2024(o)(v)             |  | 3 Month LIBOR   |  | Telecommunications                      |  | 3,330                            |             |                 | 3,244   |              |                 | 1,715    |             |
| Securus Technologies Holdings, Inc., L+825, 1.00% LIBOR Floor, 11/1/2025(o)          |  | 6 Month LIBOR   |  | Telecommunications                      |  | 2,942                            |             |                 | 2,918   |              |                 | 2,667    |             |
| TMK Hawk Parent, Corp., L+800, 1.00% LIBOR Floor, 8/28/2025(o)                       |  | 1 Month LIBOR   |  | Services: Business                  |  | 13,393                           |             |                 | 13,151  |              |                 | 9,542    |             |
| Winebow Holdings, Inc., L+750, 1.00% LIBOR Floor, 1/2/2022(o)(r)                     |  | 1 Month LIBOR   |  | Beverage, Food & Tobacco            |  | 12,823                           |             |                 | 12,415  |              |                 | 9,008    |             |
| Zest Acquisition Corp., L+750, 1.00% LIBOR Floor, 3/14/2026(o)(p)                    |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals        |  | 15,000                           |             |                 | 14,882  |              |                 | 13,388   |             |
| Zywave Inc., L+900, 1.00% LIBOR Floor, 11/17/2023(o)                                 |  | 3 Month LIBOR   |  | High Tech Industries                    |  | 3,355                            |             |                 | 3,316   |              |                 | 3,355    |             |
| Total Senior Secured Second Lien Debt                                                        |  |                 |  |                                         |  |                                       |             | 188,202    |              |              | 161,784    |               |
|                                                                                              |  |                 |  |                                         |  |                                       |             |                 |              |              |

----

|                                                                                                              |  |               |  |                                                   |  |                                       |  |               |             |              |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------------------|--|---------------|-------------|--------------|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                                         |  | Index Rate(b) |  | Industry                                          |  | Principal/Par Amount/Units(e) |  | Cost(d)       |             | FairValue(c) |
| Collateralized Securities and Structured Products - Equity - 1.3%                                            |  |               |  |                                                   |  |                                       |  |               |             |              |
| APIDOS CLO XVI Subordinated Notes, 0.00% Estimated Yield, 1/19/2025(h)                               |  | (f)           |  | Diversified Financials                            |  | 9,000                            |  |               | 3,041  |              |               | 1,365  |  |
| CENT CLO 19 Ltd. Subordinated Notes, 0.00% Estimated Yield, 10/29/2025(h)                            |  | (f)           |  | Diversified Financials                            |  | 2,000                            |  |               | 1,161  |              |               | 126    |  |
| Galaxy XV CLO Ltd. Class A Subordinated Notes, 5.76% Estimated Yield, 4/15/2025(h)                   |  | (f)           |  | Diversified Financials                            |  | 4,000                            |  |               | 2,099  |              |               | 1,364  |  |
| Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan, 11.84% Estimated Yield, 2/2/2026(h) |  | (f)           |  | Diversified Financials                            |  | 10,000                           |  |               | 9,200  |              |               | 8,364  |  |
| Total Collateralized Securities and Structured Products - Equity                                             |  |               |  |                                                   |  |                                       |  | 15,501   |             |              | 11,219   |             |
| Unsecured Debt - 0.5%                                                                                        |  |               |  |                                                   |  |                                       |  |               |             |              |
| WPLM Acquisition Corp., 15.00%, 11/24/2025(v)                                                        |  | None          |  | Media: Advertising, Printing & Publishing |  | 5,000                            |  |               | 4,912  |              |               | 4,750  |  |
| Total Unsecured Debt                                                                                         |  |               |  |                                                   |  |                                       |  | 4,912    |             |              | 4,750    |             |
| Equity - 12.3%                                                                                               |  |               |  |                                                   |  |                                       |  |               |             |              |
| 1244301 B.C. LTD., Common Shares(q)                                                                          |  |               |  | Chemicals, Plastics & Rubber                  |  | 807,268 Units                         |  | —  |             |              | —  |             |
| ACNR Holdings, Inc., Common Stock(q)                                                                         |  |               |  | Metals & Mining                               |  | 6,018 Units                           |  | 90       |             |              | 69       |             |
| ACNR Holdings, Inc., Preferred Stock(q)                                                                      |  |               |  | Metals & Mining                               |  | 1,890 Units                           |  | 26       |             |              | 26       |             |
| American Clinical Solutions LLC, Class A Membership Interests(q)(s)                                          |  |               |  | Healthcare & Pharmaceuticals                  |  | 6,030,384 Units                       |  | 1,658    |             |              | 663      |             |
| Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(q)                                    |  |               |  | Media: Diversified & Production           |  | 769 Units                             |  | 205      |             |              | 103      |             |
| Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(q)                                    |  |               |  | Media: Diversified & Production           |  | 135 Units                             |  | —  |             |              | —  |             |
| Anthem Sports and Entertainment Inc., Common Stock Warrants(q)                                               |  |               |  | Media: Diversified & Production           |  | 2,508 Units                           |  | —  |             |              | —  |             |
| APC Parent, Inc., Common Stock(q)                                                                            |  |               |  | Automotive                                        |  | 425,218 Units                         |  | 3,716    |             |              | 5,498    |             |
| APC Parent, Inc., Warrants(q)                                                                                |  |               |  | Automotive                                        |  | 6,268 Units                           |  | —  |             |              | —  |             |
| ARC Financial Partners, LLC, Membership Interests (25% ownership)(q)                                         |  |               |  | Metals & Mining                               |  | N/A                               |  | —  |             |              | —  |             |
| Ascent Resources - Marcellus, LLC, Common Shares(q)                                                          |  |               |  | Energy: Oil & Gas                         |  | 511,255 Units                         |  | 1,642    |             |              | 456      |             |
| Ascent Resources - Marcellus, LLC, Warrants(q)                                                               |  |               |  | Energy: Oil & Gas                         |  | 132,367 Units                         |  | 13       |             |              | 12       |             |
| BCP Great Lakes Fund LP, Partnership Interests (31.7% ownership)(h)(t)                                       |  |               |  | Diversified Financials                            |  | N/A                               |  | 12,890   |             |              | 12,650   |             |
| Carestream Health Holdings, Inc., Warrants(q)                                                                |  |               |  | Healthcare & Pharmaceuticals                  |  | 233 Units                             |  | 565      |             |              | 580      |             |
| CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend(u)                                        |  |               |  | Healthcare & Pharmaceuticals                  |  | 2,727,273 Units                       |  | 5,544    |             |              | 6,273    |             |
| CION SOF Funding, LLC, Membership Interests (87.5% ownership)(h)(t)                                          |  |               |  | Diversified Financials                            |  | N/A                               |  | 31,289   |             |              | 28,551   |             |
| Conisus Holdings, Inc., Series B Preferred Stock, 12% Dividend(s)(u)                                         |  |               |  | Healthcare & Pharmaceuticals                  |  | 12,677,833 Units                      |  | 14,578   |             |              | 15,223   |             |
| Conisus Holdings, Inc., Common Stock(q)(s)                                                                   |  |               |  | Healthcare & Pharmaceuticals                  |  | 4,914,556 Units                       |  | 200      |             |              | 6,723    |             |
| Country Fresh Holdings, LLC, Common Stock(q)                                                                 |  |               |  | Beverage, Food & Tobacco                      |  | 2,985 Units                           |  | 5,249    |             |              | —  |             |
| Dayton HoldCo, LLC, Common Stock(q)                                                                          |  |               |  | Construction & Building                       |  | 37,264 Units                          |  | 4,136    |             |              | 6,816    |             |
| DBI Investors, Inc., Series A1 Preferred Stock(q)                                                            |  |               |  | Retail                                            |  | 20,000 Units                          |  | 802      |             |              | 340      |             |
| DBI Investors, Inc., Series B Preferred Stock(q)                                                             |  |               |  | Retail                                            |  | 4,183 Units                           |  | 410      |             |              | —  |             |
| DBI Investors, Inc., Series A Preferred Stock(q)                                                             |  |               |  | Retail                                            |  | 1,396 Units                           |  | 140      |             |              | —  |             |
| DBI Investors, Inc., Common Stock(q)                                                                         |  |               |  | Retail                                            |  | 39,423 Units                          |  | —  |             |              | —  |             |
| DBI Investors, Inc., Reallocation Rights(q)                                                                  |  |               |  | Retail                                            |  | 7,500 Units                           |  | —  |             |              | —  |             |
| DESG Holdings, Inc., Common Stock(j)(q)(s)                                                                   |  |               |  | Media: Diversified & Production           |  | 1,268,143 Units                       |  | 13,675   |             |              | —  |             |
| HDNet Holdco LLC, Preferred Unit Call Option(q)                                                              |  |               |  | Media: Diversified & Production           |  | 1 Unit                                |  | —  |             |              | —  |             |
| Independent Pet Partners Intermediate Holdings, LLC, Class A Preferred Units(q)                              |  |               |  | Retail                                            |  | 1,000,000 Units                       |  | 1,000    |             |              | —  |             |
| Independent Pet Partners Intermediate Holdings, LLC, Warrants(q)                                             |  |               |  | Retail                                            |  | 155,880 Units                         |  | —  |             |              | —  |             |
|                                                                                                              |  |               |  |                                                   |  |                                       |  |               |             |              |

----

|                                                                    |  |  |  |                                               |  |                                       |  |               |                 |              |               |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|--|--|--|-----------------------------------------------|--|---------------------------------------|--|---------------|-----------------|--------------|---------------|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                               |  |  |  | Industry                                      |  | Principal/Par Amount/Units(e) |  | Cost(d)       |                 | FairValue(c) |
|                                                                    |  |  |  |                                               |  |                                       |  |               |                 |              |
| Longview Intermediate Holdings C, LLC, Common Shares(q)(s)         |  |  |  | Energy: Oil & Gas                     |  | 589,487 Units                         |  | 2,524    |                 |              | 7,821    |                 |
| Mooregate ITC Acquisition, LLC, Class A Units(q)                   |  |  |  | High Tech Industries                          |  | 500 Units                             |  | 563      |                 |              | 74       |                 |
| Mount Logan Capital Inc., Common Stock(h)(i)(s)                    |  |  |  | Banking, Finance, Insurance & Real Estate |  | 980,284 Units                         |  | 3,335    |                 |              | 2,134    |                 |
| NS NWN Acquisition, LLC, Voting Units(q)                           |  |  |  | High Tech Industries                          |  | 346 Units                             |  | 394      |                 |              | 507      |                 |
| NS NWN Acquisition, LLC, Class A Preferred Units(q)                |  |  |  | High Tech Industries                          |  | 111 Units                             |  | 111      |                 |              | 332      |                 |
| NSG Co-Invest (Bermuda) LP, Partnership Interests(h)(q)            |  |  |  | Consumer Goods: Durable                   |  | 1,575 Units                           |  | 1,000    |                 |              | 154      |                 |
| Palmetto Clean Technology, Inc., Warrants(q)                       |  |  |  | High Tech Industries                          |  | 693,387 Units                         |  | 472      |                 |              | 430      |                 |
| Rhino Energy LLC, Warrants(q)                                      |  |  |  | Metals & Mining                           |  | 170,972 Units                         |  | 280      |                 |              | —  |                 |
| SIMR Parent, LLC, Class B Common Units(q)(s)                       |  |  |  | Healthcare & Pharmaceuticals              |  | 12,283,163 Units                      |  | 8,002    |                 |              | —  |                 |
| Software Luxembourg Holding S.A., Class A Common Stock(h)(q)       |  |  |  | High Tech Industries                          |  | 28,202 Units                          |  | 4,536    |                 |              | 4,653    |                 |
| Software Luxembourg Holding S.A., Class B Warrants(h)(q)           |  |  |  | High Tech Industries                          |  | 7,023 Units                           |  | 220      |                 |              | 221      |                 |
| Software Luxembourg Holding S.A., Class A Warrants(h)(q)           |  |  |  | High Tech Industries                          |  | 3,512 Units                           |  | 117      |                 |              | 117      |                 |
| Software Luxembourg Holding S.A., Class B Common Stock(h)(q)       |  |  |  | High Tech Industries                          |  | 2,388 Units                           |  | 384      |                 |              | 394      |                 |
| Snap Fitness Holdings, Inc., Class A Stock(q)(s)                   |  |  |  | Services: Consumer                        |  | 9,858 Units                           |  | 3,078    |                 |              | 3,112    |                 |
| Snap Fitness Holdings, Inc., Warrants(q)(s)                        |  |  |  | Services: Consumer                        |  | 3,996 Units                           |  | 1,247    |                 |              | 1,262    |                 |
| Spinal USA, Inc. / Precision Medical Inc., Warrants(q)         |  |  |  | Healthcare & Pharmaceuticals              |  | 14,181,915 Units                      |  | 5,806    |                 |              | —  |                 |
| Tenere Inc., Warrants(q)                                           |  |  |  | Capital Equipment                             |  | N/A                               |  | 161      |                 |              | 1,429    |                 |
| Total Equity                                                       |  |  |  |                                               |  |                                       |  | 130,058  |                 |              | 106,623  |                 |
| Short Term Investments - 6.1%(m)                                   |  |  |  |                                               |  |                                       |  |               |                 |              |
| First American Treasury Obligations Fund, Class Z Shares, 0.04%(n) |  |  |  |                                               |  |                                       |  | 53,024   |                 |              | 53,024   |                 |
| Total Short Term Investments                                       |  |  |  |                                               |  |                                       |  | 53,024   |                 |              | 53,024   |                 |
| TOTAL INVESTMENTS - 181.0%                                         |  |  |  |                                               |  |                                       |  | $             | 1,689,451  |              |               | 1,569,905  |  |
| LIABILITIES IN EXCESS OF OTHER ASSETS - (81.0%)                    |  |  |  |                                               |  |                                       |  |               |                 | (702,686)    |               |
| NET ASSETS - 100%                                                  |  |  |  |                                               |  |                                       |  |               |                 | $            | 867,219  |                 |

----

|                                                             |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |               |   |               |               |  |   |               |  |  |   |             |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|--|--------------------------------|--------------|--------------------------------------|---------------|--------------------------|--------------|--------------------------------------|--|---------------------------------|---------------|------------------------------|--|-------------------|----------|-----------------|---------------|---|---------------|---------------|--|---|---------------|--|--|---|-------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                             |  |                                |              | Nine Months Ended September 30, 2020 |               |                          |              | Nine Months Ended September 30, 2020 |
| Non-Controlled, Affiliated Investments            |  | Fair Value atDecember 31, 2019 |              | GrossAdditions(Cost)(1)              |               | GrossReductions(Cost)(2) |              | Net Unrealized(Loss) Gain       |  | Fair Value atSeptember 30, 2020 |               | Net RealizedGain (Loss) |  | InterestIncome(3) |          | Dividend Income |
|   American Clinical Solutions LLC                 |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Tranche I Term Loan                 |  | $                              | 3,395   |                                      |               | $                        | 24      |                                      |  | $                               | —  |                              |  | $                 | (287)    |                 |               | $ | 3,132    |               |  | $ | —  |  |  | $ | 212    |  |  | $ | —  |  |
|     First Amendment Tranche I Term Loan |  | —                   |              |                                      | 250      |                          |              | —                         |  |                                 | (9)           |                              |  | 241          |          |                 | —  |   |               | 8        |  |   | —  |  |
|     Class A Membership Interests        |  | —                   |              |                                      | 1,658    |                          |              | —                         |  |                                 | (995)         |                              |  | 663          |          |                 | —  |   |               | —  |  |   | —  |  |
|   Charming Charlie, LLC                           |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     First Lien Term Loan B1             |  | —                   |              |                                      | —  |                          |              | —                         |  |                                 | —  |                              |  | —      |          |                 | —  |   |               | —  |  |   | —  |  |
|     First Lien Term Loan B2             |  | —                   |              |                                      | —  |                          |              | —                         |  |                                 | —  |                              |  | —      |          |                 | —  |   |               | (1)           |  |   | —  |  |
|     Vendor Payment Financing            |  | 472                       |              |                                      | 7        |                          |              | (104)                                |  |                                 | (25)          |                              |  | 350          |          |                 | —  |   |               | 7        |  |   | —  |  |
|   Conisus Holdings, Inc.                          |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Series B Preferred Stock            |  | 13,270                    |              |                                      | 1,363    |                          |              | —                         |  |                                 | 590      |                              |  | 15,223       |          |                 | —  |   |               | —  |  |   | 1,363    |  |
|     Common Stock                        |  | 1,426                     |              |                                      | —  |                          |              | —                         |  |                                 | 5,297    |                              |  | 6,723        |          |                 | —  |   |               | —  |  |   | —  |  |
|   DESG Holdings, Inc.                             |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Bridge Loan                         |  | —                   |              |                                      | 3,253    |                          |              | —                         |  |                                 | 249      |                              |  | 3,502        |          |                 | —  |   |               | 35       |  |   | —  |  |
|     First Lien Term Loan                |  | 28,978                    |              |                                      | 789      |                          |              | (9,330)                              |  |                                 | (1,072)       |                              |  | 19,365       |          |                 | —  |   |               | 1,490    |  |   | —  |  |
|     Second Lien Term Loan               |  | 9,717                     |              |                                      | 342      |                          |              | —                         |  |                                 | (6,181)       |                              |  | 3,878        |          |                 | —  |   |               | 786      |  |   | —  |  |
|     Common Stock                        |  | 14,763                    |              |                                      | 13       |                          |              | —                         |  |                                 | (14,776)      |                              |  | —      |          |                 | —  |   |               | —  |  |   | —  |  |
|   F+W Media, Inc.                                 |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     First Lien Term Loan B-1            |  | —                   |              |                                      | —  |                          |              | (11)                                 |  |                                 | 11       |                              |  | —      |          |                 | —  |   |               | —  |  |   | —  |  |
|   Lift Brands, Inc.                               |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Term Loan A                         |  | —                   |              |                                      | 23,642   |                          |              | —                         |  |                                 | 236      |                              |  | 23,878       |          |                 | —  |   |               | 263      |  |   | —  |  |
|     Term Loan B                         |  | —                   |              |                                      | 4,634    |                          |              | —                         |  |                                 | (6)           |                              |  | 4,628        |          |                 | —  |   |               | 119      |  |   | —  |  |
|     Term Loan C                         |  | —                   |              |                                      | 4,653    |                          |              | —                         |  |                                 | (6)           |                              |  | 4,647        |          |                 | —  |   |               | 32       |  |   | —  |  |
|   Longview Power, LLC                             |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     First Lien Term Loan B-1            |  | —                   |              |                                      | 595      |                          |              | (6)                                  |  |                                 | 1,795    |                              |  | 2,384        |          |                 | —  |   |               | 47       |  |   | —  |  |
|   Longview Intermediate Holdings C, LLC           |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Common Stock                        |  | —                   |              |                                      | 2,524    |                          |              | —                         |  |                                 | 5,297    |                              |  | 7,821        |          |                 | —  |   |               | —  |  |   | —  |  |
|   Mount Logan Capital Inc.                        |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Common Stock                        |  | 2,505                     |              |                                      | —  |                          |              | —                         |  |                                 | (371)         |                              |  | 2,134        |          |                 | —  |   |               | —  |  |   | 29       |  |
|   Petroflow Energy Corp.                          |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     First Lien Term Loan                |  | 10                        |              |                                      | —  |                          |              | (223)                                |  |                                 | 213      |                              |  | —      |          |                 | (211)         |   |               | —  |  |   | —  |  |
|   SIMR, LLC                                       |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     First Lien Term Loan                |  | 14,205                    |              |                                      | 429      |                          |              | —                         |  |                                 | (1,976)       |                              |  | 12,658       |          |                 | —  |   |               | 1,224    |  |   | —  |  |
|   SIMR Parent, LLC                                |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Class B Common Units                |  | 3,980                     |              |                                      | —  |                          |              | —                         |  |                                 | (3,980)       |                              |  | —      |          |                 | —  |   |               | —  |  |   | —  |  |
|   Snap Fitness Holdings, Inc.                     |  |                                |              |                                      |               |                          |              |                                      |  |                                 |               |                              |  |                   |          |                 |
|     Class A Stock                       |  | —                   |              |                                      | 3,078    |                          |              | —                         |  |                                 | 34       |                              |  | 3,112        |          |                 | —  |   |               | —  |  |   | —  |  |
|     Warrants                            |  | —                   |              |                                      | 1,247    |                          |              | —                         |  |                                 | 15       |                              |  | 1,262        |          |                 | —  |   |               | —  |  |   | —  |  |
| Totals                                                      |  | $                              | 92,721  |                                      |               | $                        | 48,501  |                                      |  | $                               | (9,674)       |                              |  | $                 | (15,947) |                 |               | $ | 115,601  |               |  | $ | (211)         |  |  | $ | 4,222  |  |  | $ | 1,392    |  |

----

|                                              |  |                                |              |                                      |               |                          |           |                                      |  |                                 |         |                              |  |                   |         |                 |               |   |              |               |  |   |               |  |  |   |               |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|--------------------------------|--------------|--------------------------------------|---------------|--------------------------|-----------|--------------------------------------|--|---------------------------------|---------|------------------------------|--|-------------------|---------|-----------------|---------------|---|--------------|---------------|--|---|---------------|--|--|---|---------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                              |  |                                |              | Nine Months Ended September 30, 2020 |               |                          |           | Nine Months Ended September 30, 2020 |
| Controlled Investments                       |  | Fair Value atDecember 31, 2019 |              | GrossAdditions(Cost)(1)              |               | GrossReductions(Cost)(2) |           | Net Unrealized(Loss) Gain       |  | Fair Value atSeptember 30, 2020 |         | Net RealizedGain (Loss) |  | InterestIncome(3) |         | Dividend Income |
|   BCP Great Lakes Fund LP          |  |                                |              |                                      |               |                          |           |                                      |  |                                 |         |                              |  |                   |         |                 |
|     Membership Interests |  | $                              | 14,238  |                                      |               | $                        | 924  |                                      |  | $                               | (2,242) |                              |  | $                 | (270)   |                 |               | $ | 12,650  |               |  | $ | —  |  |  | $ | —  |  |  | $ | 785    |  |
|   CION SOF Funding, LLC            |  |                                |              |                                      |               |                          |           |                                      |  |                                 |         |                              |  |                   |         |                 |
|     Membership Interests |  | 31,265                    |              |                                      | —  |                          |           | —                         |  |                                 | (2,714) |                              |  | 28,551       |         |                 | —  |   |              | —  |  |   | 3,518    |  |
| Totals                                       |  | $                              | 45,503  |                                      |               | $                        | 924  |                                      |  | $                               | (2,242) |                              |  | $                 | (2,984) |                 |               | $ | 41,201  |               |  | $ | —  |  |  | $ | —  |  |  | $ | 4,303  |  |

|                                        |  |                                 |  |               |   |     |             |             |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------|--|---------------------------------|--|---------------|---|-----|-------------|-------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                        |  |                                 |  | Interest Rate |
| Portfolio Company                      |  | Investment Type                 |  | Cash          |   | PIK |             | All-in-Rate |
| Anthem Sports & Entertainment Inc. |  | Senior Secured First Lien Debt  |  | 7.75     | % |     | 2.75   | %           |  | 10.50  | % |
| Cadence Aerospace, LLC                 |  | Senior Secured First Lien Debt  |  | 4.25     | % |     | 5.25   | %           |  | 9.50   | % |
| Carestream Health, Inc.                |  | Senior Secured Second Lien Debt |  | 2.50     | % |     | 8.00   | %           |  | 10.50  | % |
| Charming Charlie, LLC                  |  | Senior Secured First Lien Debt  |  | 8.00     | % |     | 5.00   | %           |  | 13.00  | % |
| Charming Charlie, LLC                  |  | Senior Secured First Lien Debt  |  | 4.00     | % |     | 9.00   | %           |  | 13.00  | % |
| CHC Solutions Inc.                     |  | Senior Secured First Lien Debt  |  | 8.00     | % |     | 4.00   | %           |  | 12.00  | % |
| CircusTrix Holdings, LLC               |  | Senior Secured First Lien Debt  |  | —  |   |     | 6.50   | %           |  | 6.50   | % |
| Country Fresh Holdings, LLC            |  | Senior Secured First Lien Debt  |  | 8.00     | % |     | 4.00   | %           |  | 12.00  | % |
| Country Fresh Holdings, LLC            |  | Senior Secured Second Lien Debt |  | —  |   |     | 9.50   | %           |  | 9.50   | % |
| David's Bridal, LLC                    |  | Senior Secured First Lien Debt  |  | 6.00     | % |     | 5.00   | %           |  | 11.00  | % |
| David's Bridal, LLC                    |  | Senior Secured First Lien Debt  |  | 6.00     | % |     | 1.00   | %           |  | 7.00   | % |
| Deluxe Entertainment Services, Inc.    |  | Senior Secured First Lien Debt  |  | 6.00     | % |     | 1.50   | %           |  | 7.50   | % |
| Deluxe Entertainment Services, Inc.    |  | Senior Secured Second Lien Debt |  | 7.00     | % |     | 2.50   | %           |  | 9.50   | % |
| F+W Media, Inc.                        |  | Senior Secured First Lien Debt  |  | —  |   |     | 8.00   | %           |  | 8.00   | % |
| Hilliard, Martinez & Gonzales, LLP |  | Senior Secured First Lien Debt  |  | —  |   |     | 20.00  | %           |  | 20.00  | % |
| Jenny C Acquisition, Inc.              |  | Senior Secured First Lien Debt  |  | —  |   |     | 14.25  | %           |  | 14.25  | % |
| LAV Gear Holdings, Inc.                |  | Senior Secured First Lien Debt  |  | 3.50     | % |     | 5.00   | %           |  | 8.50   | % |
| Lift Brands, Inc.                      |  | Senior Secured First Lien Debt  |  | —  |   |     | 9.50   | %           |  | 9.50   | % |
| Mimeo.com, Inc.                        |  | Revolving Term Loan             |  | 8.00     | % |     | 10.00  | %           |  | 18.00  | % |
| Patterson Medical Supply, Inc.         |  | Senior Secured Second Lien Debt |  | 1.00     | % |     | 10.50  | %           |  | 11.50  | % |

----

|                                               |  |                                 |  |               |  |        |  |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|---------------------------------|--|---------------|--|--------|--|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                               |  |                                 |  | Interest Rate |
| Portfolio Company                             |  | Investment Type                 |  | Cash          |  | PIK    |  | All-in-Rate |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
|                                               |  |                                 |  |               |  |        |  |             |
| Plano Molding Company, LLC                    |  | Senior Secured First Lien Debt  |  | 7.00%         |  | 1.50%  |  | 8.50%       |
| Premiere Global Services, Inc.                |  | Senior Secured Second Lien Debt |  | 0.50%         |  | 10.00% |  | 10.50%      |
| SEK Holding Co LLC                            |  | Senior Secured First Lien Debt  |  | 9.00%         |  | 3.50%  |  | 12.50%      |
| SIMR, LLC                                     |  | Senior Secured First Lien Debt  |  | 12.00%        |  | 7.00%  |  | 19.00%      |
| Spinal USA, Inc. / Precision Medical Inc. |  | Senior Secured First Lien Debt  |  | —       |  | 10.47% |  | 10.47%      |
| WPLM Acquisition Corp.                        |  | Unsecured Note                  |  | —       |  | 15.00% |  | 15.00%      |

----

|                                                                                                   |  |               |  |                                                   |  |                                       |              |         |               |              |              |               |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------------------|--------------|---------|---------------|--------------|--------------|---------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                              |  | Index Rate(b) |  | Industry                                          |  | Principal/Par Amount/Units(e) |              | Cost(d) |               | FairValue(c) |
| Senior Secured First Lien Debt - 141.9%                                                           |  |          |  |                                              |  |                                  |              |    |               |         |
| Academy, Ltd., L+400, 1.00% LIBOR Floor, 7/1/2022(p)                                      |  | 1 Month LIBOR |  | Retail                                            |  | $                                     | 14,236  |         |               | $            | 12,656  |               |  | $ | 11,815  |  |
| ACProducts, Inc., L+550, 0.00% LIBOR Floor, 2/15/2024(p)                                  |  | 1 Month LIBOR |  | Construction & Building                       |  | 4,906                            |              |         | 4,693    |              |              | 4,900    |  |
| Adams Publishing Group, LLC, L+750, 1.00% LIBOR Floor, 7/2/2023(o)(q)                     |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 13,353                           |              |         | 13,245   |              |              | 13,286   |  |
| Adams Publishing Group, LLC, 0.38% Unfunded, 7/2/2020(o)                                  |  | None          |  | Media: Advertising, Printing & Publishing |  | 1,600                            |              |         | —  |              |              | (8)           |  |
| Adapt Laser Acquisition, Inc., L+800, 1.00% LIBOR Floor, 12/31/2023(o)                    |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 11,640                           |              |         | 11,640   |              |              | 10,956   |  |
| Adapt Laser Acquisition, Inc., 0.50% Unfunded, 12/31/2023                                 |  | None          |  | Capital Equipment                                 |  | 2,000                            |              |         | —  |              |              | (118)         |  |
| Aegis Toxicology Sciences Corp., L+550, 1.00% LIBOR Floor, 5/9/2025(p)                    |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 9,875                            |              |         | 9,706    |              |              | 9,357    |  |
| AIS Holdco, LLC, L+500, 0.00% LIBOR Floor, 8/15/2025(p)                                   |  | 3 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 5,382                            |              |         | 5,322    |              |              | 5,005    |  |
| Alchemy US Holdco 1, LLC, L+550,10/10/2025(p)                                             |  | 1 Month LIBOR |  | Construction & Building                       |  | 7,800                            |              |         | 7,697    |              |              | 7,685    |  |
| Allen Media Broadcasting LLC, L+625, 1.00% LIBOR Floor, 7/3/2024(o)(q)                    |  | 2 Month LIBOR |  | Media: Diversified & Production           |  | 24,688                           |              |         | 24,070   |              |              | 25,058   |  |
| Allen Media, LLC, L+650, 1.00% LIBOR Floor, 8/30/2023(o)(p)(q)(r)                         |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 67,124                           |              |         | 65,820   |              |              | 67,795   |  |
| ALM Media, LLC, L+650, 1.00% LIBOR Floor, 11/25/2024(o)(q)                                |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 20,000                           |              |         | 19,607   |              |              | 19,600   |  |
| AMCP Staffing Intermediate Holdings III, LLC, L+675, 1.50% LIBOR Floor, 9/24/2025(r)      |  | 3 Month LIBOR |  | Services: Business                            |  | 10,000                           |              |         | 9,943    |              |              | 9,950    |  |
| AMCP Staffing Intermediate Holdings III, LLC, L+675, 1.50% LIBOR Floor, 9/24/2025         |  | 3 Month LIBOR |  | Services: Business                            |  | 539                              |              |         | 539      |              |              | 536      |  |
| AMCP Staffing Intermediate Holdings III, LLC, 0.50% Unfunded, 9/24/2025                   |  | None          |  | Services: Business                            |  | 1,059                            |              |         | —  |              |              | (5)           |  |
| American Clinical Solutions LLC, 7.00%, 12/31/2022                                        |  | None          |  | Healthcare & Pharmaceuticals                  |  | 3,500                            |              |         | 3,395    |              |              | 3,395    |  |
| American Clinical Solutions LLC, 2.00%, 12/31/2022(x)                                     |  | None          |  | Healthcare & Pharmaceuticals                  |  | 6,000                            |              |         | 4,192    |              |              | 4,192    |  |
| American Media, LLC, L+775, 0.00% LIBOR Floor, 12/31/2023(o)                              |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 15,471                           |              |         | 15,146   |              |              | 15,316   |  |
| American Media, LLC, L+775, 0.00% LIBOR Floor, 12/31/2023                                 |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 1,574                            |              |         | 1,539    |              |              | 1,559    |  |
| American Media, LLC, 0.50% Unfunded, 12/31/2023                                           |  | None          |  | Media: Advertising, Printing & Publishing |  | 128                              |              |         | —  |              |              | (1)           |  |
| American Teleconferencing Services, Ltd., L+650, 1.00% LIBOR Floor, 12/8/2021(o)(p)(q)(r) |  | 3 Month LIBOR |  | Telecommunications                                |  | 19,549                           |              |         | 18,570   |              |              | 11,631   |  |
| Analogic Corp., L+600, 1.00% LIBOR Floor, 6/21/2024(q)(r)                                 |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 24,321                           |              |         | 23,928   |              |              | 24,078   |  |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024(o)(x)          |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 12,624                           |              |         | 12,470   |              |              | 12,498   |  |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024                |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 833                              |              |         | 833      |              |              | 833      |  |
| Anthem Sports & Entertainment Inc., 0.50% Unfunded, 9/9/2024                          |  | None          |  | Media: Diversified & Production           |  | 1,333                            |              |         | —  |              |              | —  |  |
| APC Automotive Technologies, LLC, L+500, 1.00% LIBOR Floor, 5/10/2025(p)(q)               |  | 3 Month LIBOR |  | Automotive                                        |  | 8,892                            |              |         | 8,551    |              |              | 8,692    |  |
| APC Automotive Technologies, LLC, L+500, 1.00% LIBOR Floor, 5/10/2024(p)(q)               |  | 3 Month LIBOR |  | Automotive                                        |  | 2,780                            |              |         | 2,624    |              |              | 1,321    |  |
| APCO Holdings, LLC, L+550, 0.00% LIBOR Floor, 6/9/2025(p)                                 |  | 1 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 10,827                           |              |         | 10,735   |              |              | 10,773   |  |
| Ascent Resources - Marcellus, LLC, L+650, 1.00% LIBOR Floor, 3/30/2023                    |  | 1 Month LIBOR |  | Energy: Oil & Gas                         |  | 712                              |              |         | 712      |              |              | 673      |  |
| Associated Asphalt Partners, LLC, L+525, 1.00% LIBOR Floor, 4/5/2024(p)                   |  | 1 Month LIBOR |  | Construction & Building                       |  | 10,738                           |              |         | 10,599   |              |              | 9,973    |  |
| Avison Young (USA) Inc., L+500, 0.00% LIBOR Floor, 1/31/2026(h)(p)                        |  | 3 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 9,900                            |              |         | 9,719    |              |              | 9,745    |  |
| Bi-Lo, LLC, L+800, 1.00% LIBOR Floor, 5/31/2024(p)(q)                                     |  | 2 Month LIBOR |  | Retail                                            |  | 12,864                           |              |         | 12,535   |              |              | 12,639   |  |
| Cadence Aerospace, LLC, L+650, 1.00% LIBOR Floor, 11/14/2023(q)(r)                        |  | 3 Month LIBOR |  | Aerospace & Defense                           |  | 30,685                           |              |         | 30,430   |              |              | 30,378   |  |
| Cardinal US Holdings, Inc., L+500, 1.00% LIBOR Floor, 7/31/2023(p)                        |  | 3 Month LIBOR |  | Services: Business                            |  | 8,309                            |              |         | 7,915    |              |              | 8,226    |  |
| CB URS Holdings Corp., L+575, 1.00% LIBOR Floor, 9/1/2024(p)(r)                           |  | 1 Month LIBOR |  | Transportation: Cargo                         |  | 16,410                           |              |         | 16,327   |              |              | 14,687   |  |

----

|                                                                                            |  |               |  |                                         |  |                                       |  |         |               |              |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|---------------|--|-----------------------------------------|--|---------------------------------------|--|---------|---------------|--------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                       |  | Index Rate(b) |  | Industry                                |  | Principal/Par Amount/Units(e) |  | Cost(d) |               | FairValue(c) |
| Central Security Group, Inc., L+563, 1.00% LIBOR Floor, 10/6/2021(p)(r)            |  | 1 Month LIBOR |  | Services: Consumer                  |  | 19,416                           |  |         | 19,424   |              |  | 16,892   |  |
| Charming Charlie LLC, 20.00%, 5/15/2020(t)(u)                                      |  | None          |  | Retail                                  |  | 845                              |  |         | 754      |              |  | 472      |  |
| Charming Charlie LLC, L+1200, 1.00% LIBOR Floor, 4/24/2023(t)(u)(x)                |  | 1 Month LIBOR |  | Retail                                  |  | 2,936                            |  |         | —  |              |  | —  |  |
| Charming Charlie LLC, L+1200, 1.00% LIBOR Floor, 4/24/2023(t)(u)(x)                |  | 1 Month LIBOR |  | Retail                                  |  | 3,595                            |  |         | —  |              |  | —  |  |
| CHC Solutions Inc., 12.00%, 7/20/2023(x)                                           |  | None          |  | Healthcare & Pharmaceuticals        |  | 7,347                            |  |         | 7,347    |              |  | 7,347    |  |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021(q)(r)               |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure             |  | 17,896                           |  |         | 17,728   |              |  | 17,538   |  |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021                     |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure             |  | 2,424                            |  |         | 2,424    |              |  | 2,375    |  |
| CircusTrix Holdings, LLC, 1.00% Unfunded, 12/16/2021                               |  | None          |  | Hotel, Gaming & Leisure             |  | 2,892                            |  |         | —  |              |  | (58)          |  |
| Country Fresh Holdings, LLC, L+500, 1.00% LIBOR Floor, 4/29/2023                   |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 694                              |  |         | 653      |              |  | 694      |  |
| Country Fresh Holdings, LLC, L+500, 1.00% LIBOR Floor, 4/29/2023                   |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 414                              |  |         | 413      |              |  | 414      |  |
| Country Fresh Holdings, LLC, 1.00% Unfunded, 4/29/2023                             |  | None          |  | Beverage, Food & Tobacco            |  | 327                              |  |         | —  |              |  | —  |  |
| Crown Subsea Communications Holdings, Inc., L+600, 0.00% LIBOR Floor, 11/2/2025(p) |  | 1 Month LIBOR |  | Capital Equipment                       |  | 5,788                            |  |         | 5,685    |              |  | 5,781    |  |
| David's Bridal, LLC, L+600, 1.00% LIBOR Floor, 6/30/2023(x)                        |  | 3 Month LIBOR |  | Retail                                  |  | 698                              |  |         | 584      |              |  | 698      |  |
| Deluxe Entertainment Services, Inc., L+650, 1.00% LIBOR Floor, 3/25/2024(j)(u)(x)  |  | 3 Month LIBOR |  | Media: Diversified & Production |  | 23,656                           |  |         | 23,656   |              |  | 28,978   |  |
| DMT Solutions Global Corp., L+700, 0.00% LIBOR Floor, 7/2/2024(p)(r)               |  | 6 Month LIBOR |  | Services: Business                  |  | 18,500                           |  |         | 18,061   |              |  | 18,038   |  |
| Eagle Family Foods Group LLC, L+650, 1.00% LIBOR Floor, 6/14/2024(r)               |  | 6 Month LIBOR |  | Beverage, Food & Tobacco            |  | 14,775                           |  |         | 14,518   |              |  | 14,332   |  |
| Entertainment Studios P&A LLC, 6.35%, 5/18/2037(l)                             |  | None          |  | Media: Diversified & Production |  | 14,448                           |  |         | 14,346   |              |  | 13,942   |  |
| Entertainment Studios P&A LLC, 5.00%, 5/18/2037(l)                             |  | None          |  | Media: Diversified & Production |  | —                          |  |         | —  |              |  | 2,381    |  |
| EnTrans International, LLC, L+600, 0.00% LIBOR Floor, 11/1/2024(p)(r)              |  | 1 Month LIBOR |  | Capital Equipment                       |  | 27,750                           |  |         | 27,512   |              |  | 26,918   |  |
| ES Chappaquiddick LLC, 10.00%, 5/18/2022                                           |  | None          |  | Media: Diversified & Production |  | 925                              |  |         | 925      |              |  | 937      |  |
| Evergreen Skills Lux S.À.R.L., L+475, 1.00% LIBOR Floor, 4/28/2021(h)(p)      |  | 3 Month LIBOR |  | High Tech Industries                    |  | 10,077                           |  |         | 9,810    |              |  | 7,860    |  |
| Extreme Reach, Inc., L+750, 0.00% LIBOR Floor, 3/29/2024(q)                        |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 17,126                           |  |         | 17,047   |              |  | 17,040   |  |
| Extreme Reach, Inc., 0.50% Unfunded, 3/29/2024                                     |  | None          |  | Media: Diversified & Production |  | 1,744                            |  |         | (1)           |              |  | (9)           |  |
| F+W Media, Inc., L+650, 1.50% LIBOR Floor, 5/24/2022(t)(u)(x)                      |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 1,176                            |  |         | 1,125    |              |  | —  |  |
| Flavors Holdings Inc., L+575, 1.00% LIBOR Floor, 4/3/2020(o)(q)                    |  | 3 Month LIBOR |  | Consumer Goods: Non-Durable         |  | 13,388                           |  |         | 13,187   |              |  | 13,288   |  |
| Foundation Consumer Healthcare, LLC, L+550, 1.00% LIBOR Floor, 11/2/2023(o)(q)(r)  |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 46,523                           |  |         | 46,104   |              |  | 46,523   |  |
| Foundation Consumer Healthcare, LLC, 0.50% Unfunded, 11/2/2023                     |  | None          |  | Healthcare & Pharmaceuticals        |  | 4,211                            |  |         | (20)          |              |  | —  |  |
| Genesis Healthcare, Inc., L+600, 0.50% LIBOR Floor, 3/6/2023(h)(o)(r)              |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 30,000                           |  |         | 29,783   |              |  | 29,475   |  |
| Geo Parent Corp., L+525, 0.00% LIBOR Floor, 12/19/2025(p)                          |  | 1 Month LIBOR |  | Services: Business                  |  | 14,888                           |  |         | 14,752   |              |  | 14,850   |  |
| Geon Performance Solutions, LLC, L+625, 1.63% LIBOR Floor, 10/25/2024(o)           |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber        |  | 22,414                           |  |         | 22,259   |              |  | 22,414   |  |
| Geon Performance Solutions, LLC, 0.50% Unfunded, 10/25/2024                        |  | None          |  | Chemicals, Plastics & Rubber        |  | 2,586                            |  |         | —  |              |  | —  |  |
| Harland Clarke Holdings Corp., L+475, 1.00% LIBOR Floor, 11/3/2023(p)(r)           |  | 3 Month LIBOR |  | Services: Business                  |  | 13,180                           |  |         | 13,134   |              |  | 10,538   |  |
| Healogics, Inc., L+425, 1.00% LIBOR Floor, 7/1/2021(p)                             |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 4,749                            |  |         | 4,632    |              |  | 4,251    |  |
| Hilliard, Martinez & Gonzales, LLP, L+1800, 2.00% LIBOR Floor, 12/17/2022(x)   |  | 1 Month LIBOR |  | Services: Consumer                  |  | 15,000                           |  |         | 14,850   |              |  | 14,850   |  |
| Homer City Generation, L.P., L+1100, 1.00% LIBOR Floor, 4/5/2023(o)                |  | 3 Month LIBOR |  | Energy: Oil & Gas               |  | 14,444                           |  |         | 13,953   |              |  | 13,812   |  |

----

|                                                                                                   |  |                 |  |                                                   |  |                                       |             |         |               |              |  |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------|--|-----------------|--|---------------------------------------------------|--|---------------------------------------|-------------|---------|---------------|--------------|--|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                              |  | Index Rate(b)   |  | Industry                                          |  | Principal/Par Amount/Units(e) |             | Cost(d) |               | FairValue(c) |
| HUMC Holdco, LLC, 9.00%, 6/26/2020                                                        |  | None            |  | Healthcare & Pharmaceuticals                  |  | 10,000                           |             |         | 9,972    |              |  | 9,950    |             |
| Hummel Station LLC, L+600, 1.00% LIBOR Floor, 10/27/2022(p)                               |  | 1 Month LIBOR   |  | Energy: Oil & Gas                         |  | 9,761                            |             |         | 9,456    |              |  | 9,224    |             |
| Hyperion Materials & Technologies, Inc., L+550, 1.00% LIBOR Floor, 8/28/2026(o)       |  | 1 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 10,000                           |             |         | 9,805    |              |  | 9,850    |             |
| Independent Pet Partners Intermediate Holdings, LLC, L+900, 1.00% LIBOR Floor, 11/19/2023 |  | 3 Month LIBOR   |  | Retail                                            |  | 12,064                           |             |         | 11,892   |              |  | 11,672   |             |
| Independent Pet Partners Intermediate Holdings, LLC, 1.00% Unfunded, 11/19/2023           |  | None            |  | Retail                                            |  | 7,852                            |             |         | —  |              |  | (255)         |             |
| Infinity Sales Group, LLC, L+1050, 1.00% LIBOR Floor, 11/23/2022(o)                       |  | 1 Month LIBOR   |  | Services: Business                            |  | 6,820                            |             |         | 6,670    |              |  | 6,820    |             |
| InfoGroup Inc., L+500, 1.00% LIBOR Floor, 4/3/2023(p)(q)(r)                               |  | 3 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 15,756                           |             |         | 15,743   |              |  | 14,968   |             |
| Instant Web, LLC, L+650, 0.00% LIBOR Floor, 12/15/2022(o)(q)(r)                           |  | 1 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 37,683                           |             |         | 37,603   |              |  | 36,552   |             |
| Instant Web, LLC, 0.50% Unfunded, 12/15/2022                                              |  | None            |  | Media: Advertising, Printing & Publishing |  | 2,704                            |             |         | —  |              |  | (81)          |             |
| International Seaways, Inc., L+600, 1.00% LIBOR Floor, 6/22/2022(h)(p)                    |  | 1 Month LIBOR   |  | Transportation: Cargo                         |  | 6,782                            |             |         | 6,705    |              |  | 6,782    |             |
| Isagenix International, LLC, L+575, 1.00% LIBOR Floor, 6/14/2025(p)                       |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 13,866                           |             |         | 13,750   |              |  | 11,093   |             |
| Island Medical Management Holdings, LLC, L+650, 1.00% LIBOR Floor, 9/1/2022(q)            |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 11,814                           |             |         | 11,722   |              |  | 11,534   |             |
| Jab Wireless, Inc., L+800, 0.00% LIBOR Floor, 5/2/2023(r)                                 |  | 1 Month LIBOR   |  | Telecommunications                                |  | 13,700                           |             |         | 13,700   |              |  | 13,700   |             |
| Jenny C Acquisition, Inc., L+1050, 0.00% LIBOR Floor, 10/1/2024(o)                        |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 9,899                            |             |         | 9,812    |              |  | 9,662    |             |
| JP Intermediate B, LLC, L+550, 1.00% LIBOR Floor, 11/20/2025(p)                           |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 16,152                           |             |         | 15,841   |              |  | 13,730   |             |
| KLO Intermediate Holdings, LLC, L+775, 1.50% LIBOR Floor, 4/7/2022(t)(x)                  |  | 1 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 7,499                            |             |         | 7,028    |              |  | 2,250    |             |
| KLO Intermediate Holdings, LLC, L+775, 1.50% LIBOR Floor, 4/7/2022(t)(x)                  |  | 1 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 4,583                            |             |         | 4,303    |              |  | 458      |             |
| KNB Holdings Corp., L+550, 1.00% LIBOR Floor, 4/26/2024(p)(r)                             |  | 3 Month LIBOR   |  | Consumer Goods: Durable                       |  | 8,293                            |             |         | 8,180    |              |  | 6,427    |             |
| Labvantage Solutions Ltd., E+750, 1.00% EURIBOR Floor, 12/29/2020(h)                      |  | 1 Month EURIBOR |  | High Tech Industries                              |  | €                               | 3,705  |         |               | 4,153   |  |               | 4,155  |  |
| Labvantage Solutions Inc., L+750, 1.00% LIBOR Floor, 12/29/2020(q)                        |  | 1 Month LIBOR   |  | High Tech Industries                              |  | 3,566                            |             |         | 3,556    |              |  | 3,566    |             |
| LAV Gear Holdings, Inc., L+550, 1.00% LIBOR Floor, 10/31/2024(o)(q)                       |  | 3 Month LIBOR   |  | Services: Business                            |  | 17,361                           |             |         | 17,132   |              |  | 17,057   |             |
| LAV Gear Holdings, Inc., L+550, 1.00% LIBOR Floor, 10/31/2024                             |  | 3 Month LIBOR   |  | Services: Business                            |  | 4,286                            |             |         | 4,228    |              |  | 4,211    |             |
| LAV Gear Holdings, Inc., 1.00% Unfunded, 4/7/2021                                         |  | None            |  | Services: Business                            |  | 864                              |             |         | (8)           |              |  | (15)          |             |
| LD Intermediate Holdings, Inc., L+588, 1.00% LIBOR Floor, 12/9/2022(p)                    |  | 3 Month LIBOR   |  | High Tech Industries                              |  | 4,694                            |             |         | 4,446    |              |  | 4,705    |             |
| Lift Brands, Inc., L+700, 1.00% LIBOR Floor, 4/16/2023(o)(q)(r)(x)                        |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 43,321                           |             |         | 42,649   |              |  | 42,130   |             |
| Lift Brands, Inc., L+700, 1.00% LIBOR Floor, 4/16/2023                                    |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 1,050                            |             |         | 1,050    |              |  | 1,021    |             |
| Lift Brands, Inc., 1.00% Unfunded, 4/16/2023                                              |  | None            |  | Services: Consumer                            |  | 3,950                            |             |         | —  |              |  | (109)         |             |
| Longview Power, LLC, L+600, 1.00% LIBOR Floor, 4/13/2021(o)(q)                            |  | 3 Month LIBOR   |  | Energy: Oil & Gas                         |  | 17,745                           |             |         | 16,376   |              |  | 14,551   |             |
| Manna Pro Products, LLC, L+600, 0.00% LIBOR Floor, 12/8/2023(o)                           |  | 1 Month LIBOR   |  | Retail                                            |  | 3,439                            |             |         | 3,439    |              |  | 3,405    |             |
| Manna Pro Products, LLC, 1.00% Unfunded, 5/31/2021                                        |  | None            |  | Retail                                            |  | 5,528                            |             |         | —  |              |  | (55)          |             |
| Mimeo.com, Inc., L+700, 1.00% LIBOR Floor, 12/21/2023(o)(r)                               |  | 3 Month LIBOR   |  | Services: Business                            |  | 22,310                           |             |         | 22,310   |              |  | 22,310   |             |
| Mimeo.com, Inc., L+700, 1.00% LIBOR Floor, 12/21/2023                                     |  | 3 Month LIBOR   |  | Services: Business                            |  | 1,500                            |             |         | 1,500    |              |  | 1,500    |             |
| Mimeo.com, Inc., 0.25% Unfunded, 12/21/2020                                               |  | None            |  | Services: Business                            |  | 10,000                           |             |         | —  |              |  | —  |             |
| Mimeo.com, Inc., 1.00% Unfunded, 12/21/2023                                               |  | None            |  | Services: Business                            |  | 1,500                            |             |         | —  |              |  | —  |             |
| Moss Holding Company, L+625, 1.00% LIBOR Floor, 4/17/2023(o)(q)                           |  | 3 Month LIBOR   |  | Services: Business                            |  | 19,657                           |             |         | 19,419   |              |  | 19,264   |             |
| Moss Holding Company, 6.25% Unfunded, 4/17/2023                                           |  | None            |  | Services: Business                            |  | 106                              |             |         | —  |              |  | (2)           |             |

----

|                                                                                                  |  |               |  |                                                   |  |                                       |  |         |               |              |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------------------|--|---------|---------------|--------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                             |  | Index Rate(b) |  | Industry                                          |  | Principal/Par Amount/Units(e) |  | Cost(d) |               | FairValue(c) |
| Moss Holding Company, 0.50% Unfunded, 4/17/2023                                          |  | None          |  | Services: Business                            |  | 2,126                            |  |         | —  |              |  | (43)          |  |
| Moxie Patriot LLC, L+575, 1.00% LIBOR Floor, 12/19/2020(p)                               |  | 3 Month LIBOR |  | Energy: Oil & Gas                         |  | 9,799                            |  |         | 9,792    |              |  | 9,554    |  |
| Murray Energy Corp., L+725, 1.00% LIBOR Floor, 10/17/2022(t)                             |  | 3 Month LIBOR |  | Metals & Mining                               |  | 3,574                            |  |         | 3,562    |              |  | 771      |  |
| Murray Energy Corp., L+1100, 2.00% LIBOR Floor, 7/29/2020(p)                             |  | 1 Month LIBOR |  | Metals & Mining                               |  | 662                              |  |         | 643      |              |  | 668      |  |
| NewsCycle Solutions, Inc., L+700, 1.00% LIBOR Floor, 12/29/2022(q)(r)                    |  | 1 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 14,868                           |  |         | 14,764   |              |  | 14,719   |  |
| One Call Corp., L+525, 1.00% LIBOR Floor, 11/25/2022(p)                                  |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 7,915                            |  |         | 7,582    |              |  | 7,598    |  |
| Palmetto Solar, LLC, 12.00%, 12/12/2024                                                  |  | None          |  | High Tech Industries                              |  | 858                              |  |         | 566      |              |  | 835      |  |
| Palmetto Solar, LLC, 0.75% Unfunded, 12/12/2021                                          |  | None          |  | High Tech Industries                              |  | 19,142                           |  |         | —  |              |  | (526)         |  |
| Petroflow Energy Corp., L+800, 1.00% LIBOR Floor, 6/29/2019(o)(t)(u)(x)                  |  | 1 Month LIBOR |  | Energy: Oil & Gas                         |  | 642                              |  |         | 223      |              |  | 10       |  |
| PFS Holding Corp., L+350, 1.00% LIBOR Floor, 1/31/2021                                   |  | 3 Month LIBOR |  | Retail                                            |  | 3,097                            |  |         | 2,738    |              |  | 2,079    |  |
| PH Beauty Holdings III. Inc., L+500, 0.00% LIBOR Floor, 9/28/2025(p)                     |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 4,888                            |  |         | 4,845    |              |  | 4,692    |  |
| Pixelle Specialty Solutions LLC, L+600, 1.00% LIBOR Floor, 10/31/2024(p)                 |  | 1 Month LIBOR |  | Forest Products & Paper                       |  | 24,775                           |  |         | 24,244   |              |  | 24,217   |  |
| Plano Molding Company, LLC, L+750, 1.00% LIBOR Floor, 5/12/2021(o)                       |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 6,010                            |  |         | 5,979    |              |  | 5,770    |  |
| Polymer Additives, Inc., L+600, 0.00% LIBOR Floor, 7/31/2025(o)(p)                       |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 19,800                           |  |         | 19,462   |              |  | 18,068   |  |
| Polymer Process Holdings, Inc., L+600, 0.00% LIBOR Floor, 5/1/2026(p)                    |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 19,888                           |  |         | 19,513   |              |  | 19,589   |  |
| Rhino Energy LLC, L+1000, 1.00% LIBOR Floor, 12/27/2022(r)                               |  | 1 Month LIBOR |  | Metals & Mining                               |  | 9,387                            |  |         | 9,149    |              |  | 8,918    |  |
| Securus Technologies Holdings, Inc., L+450, 1.00% LIBOR Floor, 11/1/2024(p)              |  | 1 Month LIBOR |  | Telecommunications                                |  | 3,990                            |  |         | 2,897    |              |  | 3,940    |  |
| SEK Holding Co LLC, L+1150, 0.00% LIBOR Floor, 3/14/2022(o)(x)                           |  | 1 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 15,415                           |  |         | 15,179   |              |  | 14,510   |  |
| Sequoia Healthcare Management, LLC, 12.75%, 8/21/2023(o)(q)                              |  | None          |  | Healthcare & Pharmaceuticals                  |  | 9,103                            |  |         | 9,031    |              |  | 8,875    |  |
| SIMR, LLC, L+1700, 2.00% LIBOR Floor, 9/7/2023(o)(u)(x)                                  |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 15,091                           |  |         | 14,853   |              |  | 14,205   |  |
| Smart & Final Inc., L+675, 0.00% LIBOR Floor, 6/20/2025(p)                           |  | 1 Month LIBOR |  | Retail                                            |  | 9,950                            |  |         | 9,091    |              |  | 9,627    |  |
| Sorenson Communications, LLC, L+650, 0.00% LIBOR Floor, 4/30/2024(p)                     |  | 3 Month LIBOR |  | Telecommunications                                |  | 12,536                           |  |         | 12,089   |              |  | 12,473   |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 1.00% LIBOR Floor, 6/30/2021(o)    |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 12,654                           |  |         | 12,653   |              |  | 12,464   |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 1.00% LIBOR Floor, 6/30/2021(o)(x) |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 563                              |  |         | 563      |              |  | 555      |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 1.00% LIBOR Floor, 6/30/2021(o)(x) |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 542                              |  |         | 493      |              |  | 533      |  |
| Stats Intermediate Holdings, LLC, L+525, 0.00% LIBOR Floor, 7/12/2026(p)                 |  | 3 Month LIBOR |  | High Tech Industries                              |  | 10,000                           |  |         | 9,789    |              |  | 9,775    |  |
| STG-Fairway Acquisitions, Inc., L+525, 1.00% LIBOR Floor, 6/30/2022(p)(q)                |  | 1 Month LIBOR |  | Services: Business                            |  | 3,929                            |  |         | 3,866    |              |  | 3,929    |  |
| Teladoc, Inc., 0.50% Unfunded, 7/14/2020(h)                                              |  | None          |  | High Tech Industries                              |  | 1,250                            |  |         | (8)           |              |  | —  |  |
| Telestream Holdings Corp., L+645, 1.00% LIBOR Floor, 3/24/2022(k)(o)                     |  | 2 Month LIBOR |  | High Tech Industries                              |  | 8,769                            |  |         | 8,668    |              |  | 8,593    |  |
| Tenere Inc., L+1000, 1.00% LIBOR Floor, 12/23/2021(o)(q)                                 |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 28,480                           |  |         | 28,196   |              |  | 28,480   |  |
| Tensar Corp., L+475, 1.00% LIBOR Floor, 7/9/2021(p)                                      |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 12,980                           |  |         | 12,632   |              |  | 12,363   |  |
| The Pasha Group, L+750, 1.00% LIBOR Floor, 1/26/2023(q)                                  |  | 2 Month LIBOR |  | Transportation: Cargo                         |  | 5,764                            |  |         | 5,647    |              |  | 5,822    |  |
| The Pay-O-Matic Corp., L+900, 0.00% LIBOR Floor, 4/5/2021(g)(o)                          |  | 3 Month LIBOR |  | Services: Consumer                            |  | 9,612                            |  |         | 9,568    |              |  | 9,612    |  |
| Therapure Biopharma Inc., L+875, 0.50% LIBOR Floor, 12/1/2021(h)                         |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 13,913                           |  |         | 13,882   |              |  | 13,148   |  |
| Volta Charging, LLC, 12.00%, 6/19/2024                                                   |  | None          |  | Media: Diversified & Production           |  | 10,000                           |  |         | 10,000   |              |  | 10,000   |  |

----

|                                                                                          |  |                 |  |                                               |  |                                       |             |                 |               |              |                 |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------|--|-----------------|--|-----------------------------------------------|--|---------------------------------------|-------------|-----------------|---------------|--------------|-----------------|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                     |  | Index Rate(b)   |  | Industry                                      |  | Principal/Par Amount/Units(e) |             | Cost(d)         |               | FairValue(c) |
| Volta Charging, LLC, 12.00%, 6/19/2024                                           |  | None            |  | Media: Diversified & Production       |  | 2,000                            |             |                 | 1,961    |              |                 | 2,000    |             |
| Volta Charging, LLC, 0.00% Unfunded, 6/19/2021(s)                                |  | None            |  | Media: Diversified & Production       |  | 10,000                           |             |                 | —  |              |                 | —  |             |
| Wok Holdings Inc., L+650, 0.00% LIBOR Floor, 3/1/2026(p)                         |  | 6 Month LIBOR   |  | Beverage, Food & Tobacco                  |  | 12,903                           |             |                 | 12,736   |              |                 | 13,064   |             |
| Woodstream Corp., L+600, 1.00% LIBOR Floor, 5/29/2022(r)                         |  | 1 Month LIBOR   |  | Consumer Goods: Non-Durable               |  | 9,300                            |             |                 | 9,300    |              |                 | 9,300    |             |
| Woodstream Corp., L+600, 1.00% LIBOR Floor, 5/29/2022                            |  | 1 Month LIBOR   |  | Consumer Goods: Non-Durable               |  | 559                              |             |                 | 559      |              |                 | 559      |             |
| Total Senior Secured First Lien Debt                                                     |  |            |  |                                          |  |                                  |             | 1,388,942  |               |              | 1,351,767  |               |
| Senior Secured Second Lien Debt - 26.1%                                                  |  |                 |  |                                               |  |                                       |             |                 |               |              |
| 1A Smart Start LLC, L+825, 1.00% LIBOR Floor, 8/21/2022(o)(q)                    |  | 1 Month LIBOR   |  | High Tech Industries                          |  | 13,800                           |             |                 | 13,618   |              |                 | 13,593   |             |
| Access CIG, LLC, L+775, 0.00% LIBOR Floor, 2/27/2026(q)                          |  | 1 Month LIBOR   |  | Services: Business                        |  | 17,250                           |             |                 | 17,126   |              |                 | 17,207   |             |
| Albany Molecular Research, Inc., L+700, 1.00% LIBOR Floor, 8/30/2025(o)          |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals              |  | 10,000                           |             |                 | 9,842    |              |                 | 9,975    |             |
| American Residential Services LLC, L+800, 1.00% LIBOR Floor, 12/31/2022(o)       |  | 1 Month LIBOR   |  | Construction & Building                   |  | 5,180                            |             |                 | 5,142    |              |                 | 5,128    |             |
| Carestream Health, Inc., L+950, 1.00% LIBOR Floor, 6/7/2021(q)                   |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals              |  | 10,662                           |             |                 | 10,662   |              |                 | 10,102   |             |
| Country Fresh Holdings, LLC, L+850, 1.00% LIBOR Floor, 4/29/2024(x)              |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                  |  | 2,028                            |             |                 | 2,028    |              |                 | 2,028    |             |
| Dayton Superior Corp., L+700, 2.00% LIBOR Floor, 12/4/2024                       |  | 3 Month LIBOR   |  | Construction & Building                   |  | 1,507                            |             |                 | 1,507    |              |                 | 1,507    |             |
| Deluxe Entertainment Services Inc., L+850, 1.00% LIBOR Floor, 9/25/2024(p)(u)(x) |  | 1 Month LIBOR   |  | Media: Diversified & Production       |  | 9,890                            |             |                 | 9,675    |              |                 | 9,717    |             |
| EagleTree-Carbide Acquisition Corp., L+850, 1.00% LIBOR Floor, 8/28/2025(o)(q)   |  | 3 Month LIBOR   |  | Consumer Goods: Durable                   |  | 25,000                           |             |                 | 24,695   |              |                 | 24,750   |             |
| Evergreen Skills Lux S.À.R.L., L+825, 1.00% LIBOR Floor, 4/28/2022(h)(q)(t) |  | 3 Month LIBOR   |  | High Tech Industries                          |  | 9,999                            |             |                 | 8,147    |              |                 | 2,833    |             |
| Global Tel*Link Corp., L+825, 0.00% LIBOR Floor, 11/29/2026(q)                   |  | 1 Month LIBOR   |  | Telecommunications                            |  | 11,500                           |             |                 | 11,312   |              |                 | 11,586   |             |
| LSCS Holdings, Inc., L+825, 0.00% LIBOR Floor, 3/16/2026(o)                      |  | 3 Month LIBOR   |  | Services: Business                        |  | 11,891                           |             |                 | 11,655   |              |                 | 11,831   |             |
| Mayfield Agency Borrower Inc., L+850, 0.00% LIBOR Floor, 3/2/2026(o)(q)(r)       |  | 1 Month LIBOR   |  | Banking, Finance, Insurance & Real Estate |  | 20,000                           |             |                 | 19,723   |              |                 | 20,200   |             |
| Medical Solutions Holdings, Inc., L+838, 1.00% LIBOR Floor, 6/16/2025(o)         |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals              |  | 10,000                           |             |                 | 9,877    |              |                 | 9,650    |             |
| MedPlast Holdings, Inc., L+775, 0.00% LIBOR Floor, 7/2/2026(r)                   |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals              |  | 6,750                            |             |                 | 6,690    |              |                 | 6,383    |             |
| Ministry Brands, LLC, L+925, 1.00% LIBOR Floor, 6/2/2023(o)(q)                   |  | 2 Month LIBOR   |  | Services: Business                        |  | 7,000                            |             |                 | 6,932    |              |                 | 7,000    |             |
| Niacet Corp., E+875, 1.00% EURIBOR Floor, 8/1/2024(h)                            |  | 1 Month EURIBOR |  | Chemicals, Plastics & Rubber              |  | €                               | 7,489  |                 |               | 7,985   |                 |               | 8,314  |  |
| Patterson Medical Supply, Inc., L+850, 1.00% LIBOR Floor, 8/28/2023(o)           |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals              |  | 13,500                           |             |                 | 13,419   |              |                 | 11,813   |             |
| PetroChoice Holdings, Inc., L+875, 1.00% LIBOR Floor, 8/21/2023(o)               |  | 3 Month LIBOR   |  | Chemicals, Plastics & Rubber              |  | 10,000                           |             |                 | 9,860    |              |                 | 9,600    |             |
| PFS Holding Corp., L+725, 1.00% LIBOR Floor, 1/31/2022(p)(t)                     |  | 3 Month LIBOR   |  | Retail                                        |  | 4,998                            |             |                 | 4,272    |              |                 | —  |             |
| Premiere Global Services, Inc., L+950, 1.00% LIBOR Floor, 6/6/2024(o)(x)         |  | 3 Month LIBOR   |  | Telecommunications                            |  | 3,070                            |             |                 | 2,960    |              |                 | 1,074    |             |
| Securus Technologies Holdings, Inc., L+825, 1.00% LIBOR Floor, 11/1/2025(q)      |  | 1 Month LIBOR   |  | Telecommunications                            |  | 2,942                            |             |                 | 2,916    |              |                 | 2,836    |             |
| STG-Fairway Acquisitions, Inc., L+925, 1.00% LIBOR Floor, 6/30/2023(o)           |  | 1 Month LIBOR   |  | Services: Business                        |  | 5,000                            |             |                 | 4,957    |              |                 | 5,000    |             |
| TMK Hawk Parent, Corp., L+800, 1.00% LIBOR Floor, 8/28/2025(o)                   |  | 3 Month LIBOR   |  | Services: Business                        |  | 13,393                           |             |                 | 13,122   |              |                 | 12,924   |             |
| TouchTunes Interactive Networks, Inc, L+825, 1.00% LIBOR Floor, 5/29/2022(q)     |  | 1 Month LIBOR   |  | Hotel, Gaming & Leisure                   |  | 5,226                            |             |                 | 5,201    |              |                 | 5,226    |             |
| Winebow Holdings, Inc., L+750, 1.00% LIBOR Floor, 1/2/2022(o)                    |  | 1 Month LIBOR   |  | Beverage, Food & Tobacco                  |  | 12,823                           |             |                 | 12,689   |              |                 | 10,467   |             |
| Zest Acquisition Corp., L+750, 1.00% LIBOR Floor, 3/14/2026(q)                   |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals              |  | 15,000                           |             |                 | 14,870   |              |                 | 14,063   |             |
| Zywave Inc., L+900, 1.00% LIBOR Floor, 11/17/2023(o)                             |  | 3 Month LIBOR   |  | High Tech Industries                          |  | 3,445                            |             |                 | 3,398    |              |                 | 3,446    |             |
| Total Senior Secured Second Lien Debt                                                    |  |                 |  |                                               |  |                                       |             | 264,280    |               |              | 248,253    |               |

----

|                                                                                                              |  |                    |  |                                                   |  |                                       |  |               |             |              |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------|--|--------------------|--|---------------------------------------------------|--|---------------------------------------|--|---------------|-------------|--------------|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                                         |  | Index Rate(b)      |  | Industry                                          |  | Principal/Par Amount/Units(e) |  | Cost(d)       |             | FairValue(c) |
| Collateralized Securities and Structured Products - Debt - 0.7%                                              |  |                    |  |                                                   |  |                                       |  |               |             |              |
| Deutsche Bank AG Frankfurt CRAFT 2015-2 Class Credit Linked Note, L+925, 1/16/2022(h)                |  | 3 Month LIBOR      |  | Diversified Financials                            |  | 7,212                            |  |               | 7,212  |              |               | 7,212  |  |
| Total Collateralized Securities and Structured Products - Debt                                               |  |                    |  |                                              |  |                                  |  | 7,212    |             |              | 7,212    |             |
| Collateralized Securities and Structured Products - Equity - 1.5%                                            |  |                    |  |                                                   |  |                                       |  |               |             |              |
| APIDOS CLO XVI Subordinated Notes, 6.39% Estimated Yield, 1/19/2025(h)                               |  | (f)                |  | Diversified Financials                            |  | 9,000                            |  |               | 3,762  |              |               | 2,125  |  |
| CENT CLO 19 Ltd. Subordinated Notes, 37.72% Estimated Yield, 10/29/2025(h)                           |  | (f)                |  | Diversified Financials                            |  | 2,000                            |  |               | 1,163  |              |               | 782    |  |
| Galaxy XV CLO Ltd. Class A Subordinated Notes, 6.78% Estimated Yield, 4/15/2025(h)                   |  | (f)                |  | Diversified Financials                            |  | 4,000                            |  |               | 2,229  |              |               | 1,730  |  |
| Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan, 11.84% Estimated Yield, 2/2/2026(h) |  | (f)                |  | Diversified Financials                            |  | 10,000                           |  |               | 9,322  |              |               | 9,545  |  |
| Total Collateralized Securities and Structured Products - Equity                                             |  |                    |  |                                              |  |                                  |  | 16,476   |             |              | 14,182   |             |
| Unsecured Debt - 0.5%                                                                                        |  |                    |  |                                                   |  |                                       |  |               |             |              |
| WPLM Acquisition Corp., 15.00%, 11/24/2025(x)                                                        |  | None               |  | Media: Advertising, Printing & Publishing |  | 5,000                            |  |               | 4,901  |              |               | 4,900  |  |
| Total Unsecured Debt                                                                                         |  |                    |  |                                                   |  |                                       |  | 4,901    |             |              | 4,900    |             |
| Equity - 11.5%                                                                                               |  |                    |  |                                                   |  |                                       |  |               |             |              |
| Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(s)                                    |  |                    |  | Media: Diversified & Production           |  | 769 Units                             |  | 205      |             |              | 226      |             |
| Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(s)                                    |  |                    |  | Media: Diversified & Production           |  | 135 Units                             |  | —  |             |              | —  |             |
| Anthem Sports and Entertainment Inc., Common Stock Warrants(s)                                               |  |                    |  | Media: Diversified & Production           |  | 2,508 Units                           |  | —  |             |              | —  |             |
| Ascent Resources - Marcellus, LLC, Common Shares(s)                                                          |  |                    |  | Energy: Oil & Gas                         |  | 511,255 Units                         |  | 1,642    |             |              | 914      |             |
| Ascent Resources - Marcellus, LLC, Warrants(s)                                                               |  |                    |  | Energy: Oil & Gas                         |  | 132,367 Units                         |  | 13       |             |              | 4        |             |
| Avaya Holdings Corp., Common Stock(i)(p)(s)                                                                  |  | Telecommunications |  | 321,260 Units                                     |  | 5,285                            |  |               | 4,337  |              |
| BCP Great Lakes Fund LP, Partnership Interests (31.7% ownership)(h)(v)                                       |  |                    |  | Diversified Financials                            |  | N/A                               |  | 14,208   |             |              | 14,238   |             |
| CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend(w)                                        |  |                    |  | Healthcare & Pharmaceuticals                  |  | 2,727,273 Units                       |  | 5,139    |             |              | 5,245    |             |
| CION SOF Funding, LLC, Membership Interests (87.5% ownership)(h)(v)                                          |  |                    |  | Diversified Financials                            |  | N/A                               |  | 31,289   |             |              | 31,265   |             |
| Conisus Holdings, Inc., Series B Preferred Stock, 12% Dividend(u)(w)                                         |  |                    |  | Healthcare & Pharmaceuticals                  |  | 12,677,833 Units                      |  | 13,215   |             |              | 13,270   |             |
| Conisus Holdings, Inc., Common Stock(s)(u)                                                                   |  |                    |  | Healthcare & Pharmaceuticals                  |  | 4,914,556 Units                       |  | 200      |             |              | 1,426    |             |
| Country Fresh Holdings, LLC, Common Stock(s)                                                                 |  |                    |  | Beverage, Food & Tobacco                      |  | 2,985 Units                           |  | 5,249    |             |              | 2,618    |             |
| David's Bridal, Inc., Series A Preferred Stock(s)                                                            |  |                    |  | Retail                                            |  | 1,396 Units                           |  | 140      |             |              | 141      |             |
| David's Bridal, Inc., Series B Preferred Stock(s)                                                            |  |                    |  | Retail                                            |  | 4,183 Units                           |  | 410      |             |              | 410      |             |
| David's Bridal, Inc., Common Stock(s)                                                                        |  |                    |  | Retail                                            |  | 39,423 Units                          |  | —  |             |              | —  |             |
| David's Bridal, Inc., Reallocation Rights(s)                                                                 |  |                    |  | Retail                                            |  | 7,500 Units                           |  | —  |             |              | —  |             |
| Dayton HoldCo, LLC, Common Stock(s)                                                                          |  |                    |  | Construction & Building                       |  | 37,264 Units                          |  | 4,136    |             |              | 7,903    |             |
| DESG Holdings, Inc., Common Stock(j)(s)(u)                                                                   |  |                    |  | Media: Diversified & Production           |  | 1,268,143 Units                       |  | 13,662   |             |              | 14,763   |             |
| HDNet Holdco LLC, Preferred Unit Call Option(s)                                                              |  |                    |  | Media: Diversified & Production           |  | 1 Unit                                |  | —  |             |              | —  |             |
| Independent Pet Partners Intermediate Holdings, LLC, Class A Preferred Units(s)                              |  |                    |  | Retail                                            |  | 1,000,000 Units                       |  | 1,000    |             |              | 950      |             |
| Independent Pet Partners Intermediate Holdings, LLC, Warrants(s)                                             |  |                    |  | Retail                                            |  | 155,880 Units                         |  | —  |             |              | 1        |             |
| Mooregate ITC Acquisition, LLC, Class A Units(s)                                                             |  |                    |  | High Tech Industries                              |  | 500 Units                             |  | 563      |             |              | 151      |             |
| Mount Logan Capital Inc., Common Stock(h)(i)(s)(u)                                                           |  |                    |  | Banking, Finance, Insurance & Real Estate     |  | 980,284 Units                         |  | 3,335    |             |              | 2,505    |             |

----

|                                                                     |  |  |  |                                  |  |                                       |                 |               |               |                 |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--|--|----------------------------------|--|---------------------------------------|-----------------|---------------|---------------|-----------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                |  |  |  | Industry                         |  | Principal/Par Amount/Units(e) |                 | Cost(d)       |               | FairValue(c)    |
| NS NWN Acquisition, LLC, Voting Units(s)                            |  |  |  | High Tech Industries             |  | 346 Units                             |                 | 393      |               |                 | 585      |  |
| NS NWN Acquisition, LLC, Class A Preferred Units(s)                 |  |  |  | High Tech Industries             |  | 111 Units                             |                 | 110      |               |                 | 331      |  |
| NSG Co-Invest (Bermuda) LP, Partnership Interests(h)(s)             |  |  |  | Consumer Goods: Durable      |  | 1,575 Units                           |                 | 1,000    |               |                 | 528      |  |
| Palmetto Solar, LLC, Warrants(s)                                    |  |  |  | High Tech Industries             |  | 346,694 Units                         |                 | 295      |               |                 | 295      |  |
| Rhino Energy LLC, Warrants(s)                                       |  |  |  | Metals & Mining              |  | 170,972 Units                         |                 | 280      |               |                 | 16       |  |
| SIMR Parent, LLC, Class B Common Units(s)(u)                        |  |  |  | Healthcare & Pharmaceuticals |  | 12,283,000 Units                      |                 | 8,002    |               |                 | 3,980    |  |
| Spinal USA, Inc. / Precision Medical Inc., Warrants(o)(s)       |  |  |  | Healthcare & Pharmaceuticals |  | 14,181,915 Units                      |                 | 5,806    |               |                 | 1,560    |  |
| Tenere Inc., Warrants(s)                                            |  |  |  | Capital Equipment                |  | N/A                               |                 | 161      |               |                 | 1,569    |  |
| Total Equity                                                        |  |  |  |                                  |  |                                       |                 | 115,738  |               |                 | 109,231  |  |
| Short Term Investments - 3.1%(m)                                    |  |  |  |                                  |  |                                       |                 |               |
| First American Treasury Obligations Fund, Class Z Shares, 1.49% (n) |  |  |  |                                  |  | 29,527                           |                 |               | 29,527   |                 |
| Total Short Term Investments                                        |  |  |  |                                  |  | 29,527                           |                 |               | 29,527   |                 |
| TOTAL INVESTMENTS - 185.3%                                          |  |  |  |                                  |  | $                                     | 1,827,076  |               |               | 1,765,072  |               |
| LIABILITIES IN EXCESS OF OTHER ASSETS - (85.3%)                     |  |  |  |                                  |  |                                       |                 | (812,509)     |               |
| NET ASSETS - 100%                                                   |  |  |  |                                  |  |                                       |                 | $             | 952,563  |                 |

----

|                                                                                   |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |               |   |               |               |  |   |               |  |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------|--|--------------------------------|--------------|------------------------------|---------------|--------------------------|---------------|------------------------------|--|---------------------------------|---------------|------------------------------|--|-------------------|-------------|-----------------|---------------|---|---------------|---------------|--|---|---------------|--|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                   |  |                                |              | Year Ended December 31, 2019 |               |                          |               | Year Ended December 31, 2019 |
| Non-Controlled, Affiliated Investments                                  |  | Fair Value atDecember 31, 2018 |              | GrossAdditions(Cost)(1)      |               | GrossReductions(Cost)(2) |               | Net Unrealized Gain (Loss)   |  | Fair Value at December 31, 2019 |               | Net RealizedGain (Loss) |  | InterestIncome(3) |             | Dividend Income |
|      Charming Charlie, LLC                               |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         First Lien Term Loan B1           |  | $                              | 1,021   |                              |               | $                        | —  |                              |  | $                               | (2,619)       |                              |  | $                 | 1,598  |                 |               | $ | —  |               |  | $ | (2,619)       |  |  | $ | —  |  |  | $ | —  |  |
|         First Lien Term Loan B2           |  | 1,249                     |              |                              | —  |                          |               | (1,912)                      |  |                                 | 663      |                              |  | —      |             |                 | (1,912)       |   |               | —  |  |   | —  |  |
|         Vendor Payment Financing Facility |  | 157                       |              |                              | 890      |                          |               | (293)                        |  |                                 | (282)         |                              |  | 472          |             |                 | —  |   |               | 57       |  |   | —  |  |
|         Common Stock                      |  | —                   |              |                              | —  |                          |               | (1,302)                      |  |                                 | 1,302    |                              |  | —      |             |                 | (1,302)       |   |               | —  |  |   | —  |  |
|      Conisus Holdings, Inc.                              |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         Series B Preferred Stock(w)       |  | 10,903                    |              |                              | 4,015    |                          |               | —                 |  |                                 | (1,648)       |                              |  | 13,270       |             |                 | —  |   |               | —  |  |   | 4,015    |  |
|         Common Stock                      |  | 197                       |              |                              | —  |                          |               | —                 |  |                                 | 1,229    |                              |  | 1,426        |             |                 | —  |   |               | —  |  |   | —  |  |
|      DESG Holdings, Inc.                                 |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         First Lien Term Loan              |  | —                   |              |                              | 23,656   |                          |               | —                 |  |                                 | 5,322    |                              |  | 28,978       |             |                 | —  |   |               | 303      |  |   | —  |  |
|         Second Lien Term Loan             |  | —                   |              |                              | 9,675    |                          |               | —                 |  |                                 | 42       |                              |  | 9,717        |             |                 | —  |   |               | 162      |  |   | —  |  |
|         Common Stock                      |  | —                   |              |                              | 13,662   |                          |               | —                 |  |                                 | 1,101    |                              |  | 14,763       |             |                 | —  |   |               | —  |  |   | —  |  |
|      F+W Media, Inc.                                     |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         First Lien DIP Term Loan          |  | —                   |              |                              | 521      |                          |               | (521)                        |  |                                 | —  |                              |  | —      |             |                 | —  |   |               | 101      |  |   | —  |  |
|         First Lien Term Loan B-1          |  | 1,137                     |              |                              | 51       |                          |               | (43)                         |  |                                 | (1,145)       |                              |  | —      |             |                 | —  |   |               | 51       |  |   | —  |  |
|         First Lien Term Loan B-2          |  | 161                       |              |                              | —  |                          |               | (2,759)                      |  |                                 | 2,598    |                              |  | —      |             |                 | (2,759)       |   |               | —  |  |   | —  |  |
|         Common Stock                      |  | —                   |              |                              | —  |                          |               | —                 |  |                                 | —  |                              |  | —      |             |                 | —  |   |               | —  |  |   | —  |  |
|      Mount Logan Capital Inc.                            |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         Common Stock                      |  | 2,645                     |              |                              | —  |                          |               | —                 |  |                                 | (140)         |                              |  | 2,505        |             |                 | —  |   |               | —  |  |   | —  |  |
|      SIMR, LLC                                           |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         First Lien Term Loan              |  | 14,757                    |              |                              | 452      |                          |               | (619)                        |  |                                 | (385)         |                              |  | 14,205       |             |                 | —  |   |               | 1,778    |  |   | —  |  |
|      SIMR Parent, LLC                                    |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         Class B Common Units              |  | 7,382                     |              |                              | 502      |                          |               | —                 |  |                                 | (3,904)       |                              |  | 3,980        |             |                 | —  |   |               | —  |  |   | —  |  |
|      Petroflow Energy Corp.                              |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         First Lien Term Loan              |  | 2,363                     |              |                              | —  |                          |               | (2,511)                      |  |                                 | 158      |                              |  | 10           |             |                 | —  |   |               | 19       |  |   | —  |  |
|      TexOak Petro Holdings LLC                           |  |                                |              |                              |               |                          |               |                              |  |                                 |               |                              |  |                   |             |                 |
|         Second Lien Term Loan             |  | —                   |              |                              | —  |                          |               | (2,592)                      |  |                                 | 2,592    |                              |  | —      |             |                 | (2,592)       |   |               | —  |  |   | —  |  |
|         Membership Interests              |  | —                   |              |                              | —  |                          |               | —                 |  |                                 | —  |                              |  | —      |             |                 | —  |   |               | —  |  |   | —  |  |
| Totals                                                                            |  | $                              | 41,972  |                              |               | $                        | 53,424   |                              |  | $                               | (15,171)      |                              |  | $                 | 9,101  |                 |               | $ | 89,326   |               |  | $ | (11,184)      |  |  | $ | 2,471    |  |  | $ | 4,015    |  |

----

|                                      |  |                                |               |                                             |              |                          |              |                                             |  |                                |               |                              |  |                   |          |                 |               |   |              |               |  |   |               |  |  |   |               |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|--|--------------------------------|---------------|---------------------------------------------|--------------|--------------------------|--------------|---------------------------------------------|--|--------------------------------|---------------|------------------------------|--|-------------------|----------|-----------------|---------------|---|--------------|---------------|--|---|---------------|--|--|---|---------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                      |  |                                |               | Year Ended December 31, 2019 |              |                          |              | Year Ended December 31, 2019 |
| Controlled Investments               |  | Fair Value atDecember 31, 2018 |               | GrossAdditions(Cost)(1)                     |              | GrossReductions(Cost)(2) |              | Net UnrealizedGain (Loss)              |  | Fair Value atDecember 31, 2019 |               | Net RealizedGain (Loss) |  | InterestIncome(3) |          | Dividend Income |
| BCP Great Lakes Fund LP              |  |                                |               |                                             |              |                          |              |                                             |  |                                |               |                              |  |                   |          |                 |
|   Membership Interests     |  | $                              | —  |                                             |              | $                        | 14,208  |                                             |  | $                              | —  |                              |  | $                 | 30  |                 |               | $ | 14,238  |               |  | $ | —  |  |  | $ | —  |  |  | $ | 47     |  |
| CION SOF Funding, LLC                |  |                                |               |                                             |              |                          |              |                                             |  |                                |               |                              |  |                   |          |                 |
|   Membership Interests     |  | —                   |               |                                             | 31,289  |                          |              | —                                |  |                                | (24)          |                              |  | 31,265       |          |                 | —  |   |              | —  |  |   | 1,076    |  |
|      Totals |  | $                              | —  |                                             |              | $                        | 45,497  |                                             |  | $                              | —  |                              |  | $                 | 6   |                 |               | $ | 45,503  |               |  | $ | —  |  |  | $ | —  |  |  | $ | 1,123  |  |

|                                               |  |                                 |  |               |  |        |  |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|---------------------------------|--|---------------|--|--------|--|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                               |  |                                 |  | Interest Rate |
| Portfolio Company                             |  | Investment Type                 |  | Cash          |  | PIK    |  | All-in-Rate |
| American Clinical Solutions LLC               |  | Senior Secured First Lien Debt  |  | —       |  | 2.00%  |  | 2.00%       |
| Anthem Sports & Entertainment Inc.        |  | Senior Secured First Lien Debt  |  | 8.69%         |  | 2.75%  |  | 11.44%      |
| Charming Charlie, LLC                         |  | Senior Secured First Lien Debt  |  | 7.05%         |  | 5.00%  |  | 12.05%      |
| Charming Charlie, LLC                         |  | Senior Secured First Lien Debt  |  | 3.05%         |  | 9.00%  |  | 12.05%      |
| CHC Solutions Inc.                            |  | Senior Secured First Lien Debt  |  | 8.00%         |  | 4.00%  |  | 12.00%      |
| Country Fresh Holdings, LLC                   |  | Senior Secured Second Lien Debt |  | —       |  | 10.44% |  | 10.44%      |
| David's Bridal, LLC                           |  | Senior Secured First Lien Debt  |  | 1.00%         |  | 6.92%  |  | 7.92%       |
| Deluxe Entertainment Services, Inc.           |  | Senior Secured First Lien Debt  |  | 6.71%         |  | 1.50%  |  | 8.21%       |
| Deluxe Entertainment Services, Inc.           |  | Senior Secured Second Lien Debt |  | 7.71%         |  | 2.50%  |  | 10.21%      |
| F+W Media, Inc.                               |  | Senior Secured First Lien Debt  |  | —       |  | 8.21%  |  | 8.21%       |
| Hilliard, Martinez & Gonzales, LLP        |  | Senior Secured First Lien Debt  |  | —       |  | 20.00% |  | 20.00%      |
| KLO Intermediate Holdings, LLC                |  | Senior Secured First Lien Debt  |  | —       |  | 9.50%  |  | 9.50%       |
| Lift Brands, Inc.                             |  | Senior Secured First Lien Debt  |  | 9.10%         |  | 0.50%  |  | 9.60%       |
| Petroflow Energy Corp.                        |  | Senior Secured First Lien Debt  |  | —       |  | 9.71%  |  | 9.71%       |
| Premiere Global Services, Inc.                |  | Senior Secured Second Lien Debt |  | 0.50%         |  | 10.98% |  | 11.48%      |
| SEK Holding Co LLC                            |  | Senior Secured First Lien Debt  |  | 9.77%         |  | 3.50%  |  | 13.27%      |
| SIMR, LLC                                     |  | Senior Secured First Lien Debt  |  | 12.00%        |  | 7.00%  |  | 19.00%      |
| Spinal USA, Inc. / Precision Medical Inc. |  | Senior Secured First Lien Debt  |  | —       |  | 11.30% |  | 11.30%      |
| WPLM Acquisition Corp.                        |  | Unsecured Note                  |  | —       |  | 15.00% |  | 15.00%      |

----

|                                                                                                   |  |               |  |                                                   |  |                                       |              |         |               |              |              |               |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------------------|--------------|---------|---------------|--------------|--------------|---------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                              |  | Index Rate(b) |  | Industry                                          |  | Principal/Par Amount/Units(e) |              | Cost(d) |               | FairValue(c) |
| Senior Secured First Lien Debt - 150.0%                                                           |  |               |  |                                                   |  |                                       |              |         |               |              |
| Academy, Ltd., L+400, 1.00% LIBOR Floor, 7/1/2022(p)                                      |  | 1 Month LIBOR |  | Retail                                            |  | $                                     | 14,280  |         |               | $            | 12,548  |               |  | $ | 10,032  |  |
| ACProducts, Inc., L+550, 0.00% LIBOR Floor, 2/15/2024(p)                                  |  | 1 Month LIBOR |  | Construction & Building                       |  | 4,938                            |              |         | 4,713    |              |              | 4,937    |  |
| Adams Publishing Group, LLC, L+750, 1.00% LIBOR Floor, 7/2/2023(o)(p)                     |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 14,043                           |              |         | 13,923   |              |              | 13,973   |  |
| Adams Publishing Group, LLC, 0.38% Unfunded, 7/2/2020(o)                                  |  | None          |  | Media: Advertising, Printing & Publishing |  | 1,600                            |              |         | —  |              |              | (8)           |  |
| Adapt Laser Acquisition, Inc., L+800, 1.00% LIBOR Floor, 12/31/2023(o)                    |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 11,820                           |              |         | 11,820   |              |              | 11,229   |  |
| Adapt Laser Acquisition, Inc., 0.50% Unfunded, 12/31/2023                                 |  | None          |  | Capital Equipment                                 |  | 2,000                            |              |         | —  |              |              | (100)         |  |
| Aegis Toxicology Sciences Corp., L+550, 1.00% LIBOR Floor, 5/9/2025(p)                    |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 9,900                            |              |         | 9,724    |              |              | 9,467    |  |
| AIS Holdco, LLC, L+500, 0.00% LIBOR Floor, 8/15/2025(p)                                   |  | 3 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 5,417                            |              |         | 5,355    |              |              | 5,146    |  |
| Alchemy US Holdco 1, LLC, L+550, 10/10/2025(p)                                            |  | 1 Month LIBOR |  | Construction & Building                       |  | 7,850                            |              |         | 7,744    |              |              | 7,771    |  |
| Allen Media Broadcasting LLC, L+625, 1.00% LIBOR Floor, 7/3/2024(o)(q)                    |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 24,844                           |              |         | 24,223   |              |              | 24,409   |  |
| Allen Media, LLC, L+650, 1.00% LIBOR Floor, 8/30/2023(o)(p)(q)(r)                         |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 74,030                           |              |         | 72,513   |              |              | 74,030   |  |
| ALM Media, LLC, L+450, 1.00% LIBOR Floor, 7/31/2020(p)                                    |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 12,965                           |              |         | 12,527   |              |              | 12,965   |  |
| American Clinical Solutions LLC, 12.50%, 6/11/2020(t)(w)                                  |  | None          |  | Healthcare & Pharmaceuticals                  |  | 9,339                            |              |         | 8,968    |              |              | 6,817    |  |
| American Media, LLC, L+750, 0.00% LIBOR Floor, 12/31/2023                                 |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 1,574                            |              |         | 1,578    |              |              | 1,559    |  |
| American Media, LLC, 0.50% Unfunded, 12/31/2023                                           |  | None          |  | Media: Advertising, Printing & Publishing |  | 128                              |              |         | (40)          |              |              | (1)           |  |
| American Media, LLC, L+750, 0.00% LIBOR Floor, 12/31/2023(o)                              |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 18,875                           |              |         | 18,463   |              |              | 18,686   |  |
| American Teleconferencing Services, Ltd., L+650, 1.00% LIBOR Floor, 12/8/2021(o)(p)(q)(r) |  | 3 Month LIBOR |  | Telecommunications                                |  | 19,566                           |              |         | 18,527   |              |              | 11,838   |  |
| Analogic Corp., L+600, 1.00% LIBOR Floor, 6/21/2024(q)(r)                                 |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 29,700                           |              |         | 29,200   |              |              | 29,403   |  |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024                |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 833                              |              |         | 833      |              |              | 833      |  |
| Anthem Sports & Entertainment Inc., 0.50% Unfunded, 9/9/2024                          |  | None          |  | Media: Diversified & Production           |  | 1,333                            |              |         | —  |              |              | —  |  |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024(o)(w)          |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 16,693                           |              |         | 16,489   |              |              | 16,526   |  |
| AP Exhaust Acquisition, LLC, L+500, 1.00% LIBOR Floor, 5/10/2024(p)(q)                    |  | 3 Month LIBOR |  | Automotive                                        |  | 10,451                           |              |         | 9,934    |              |              | 8,021    |  |
| APCO Holdings, LLC, L+550, 0.00% LIBOR Floor, 6/9/2025(p)                                 |  | 1 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 10,977                           |              |         | 10,882   |              |              | 10,813   |  |
| Ascent Resources - Marcellus, LLC, L+650, 1.00% LIBOR Floor, 3/30/2023                    |  | 1 Month LIBOR |  | Energy: Oil & Gas                         |  | 712                              |              |         | 712      |              |              | 690      |  |
| Associated Asphalt Partners, LLC, L+525, 1.00% LIBOR Floor, 4/5/2024(p)                   |  | 1 Month LIBOR |  | Construction & Building                       |  | 10,770                           |              |         | 10,623   |              |              | 10,258   |  |
| Avison Young (USA) Inc., L+500, 0.00% LIBOR Floor, 1/31/2026(h)(p)                        |  | 3 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 9,925                            |              |         | 9,739    |              |              | 9,764    |  |
| Bi-Lo, LLC, L+800, 1.00% LIBOR Floor, 5/31/2024(p)(q)                                     |  | 3 Month LIBOR |  | Retail                                            |  | 12,930                           |              |         | 12,582   |              |              | 12,412   |  |
| Cadence Aerospace, LLC, L+650, 1.00% LIBOR Floor, 11/14/2023(q)(r)                        |  | 1 Month LIBOR |  | Aerospace & Defense                           |  | 25,763                           |              |         | 25,563   |              |              | 25,505   |  |
| Cardinal US Holdings, Inc., L+500, 1.00% LIBOR Floor, 7/31/2023(p)                        |  | 3 Month LIBOR |  | Services: Business                            |  | 8,330                            |              |         | 7,912    |              |              | 8,273    |  |
| CB URS Holdings Corp., L+575, 1.00% LIBOR Floor, 9/1/2024(p)(r)                           |  | 1 Month LIBOR |  | Transportation: Cargo                         |  | 16,542                           |              |         | 16,455   |              |              | 16,335   |  |
| Central Security Group, Inc., L+563, 1.00% LIBOR Floor, 10/6/2021(p)(r)                   |  | 1 Month LIBOR |  | Services: Consumer                            |  | 24,467                           |              |         | 24,481   |              |              | 23,856   |  |
| Charming Charlie LLC, 20.00%, 5/15/2019(t)(u)                                             |  | None          |  | Retail                                            |  | 1,047                            |              |         | 1,047    |              |              | 807      |  |
| Charming Charlie LLC, L+1200, 1.00% LIBOR Floor, 4/24/2023(t)(u)(w)                       |  | 1 Month LIBOR |  | Retail                                            |  | 2,936                            |              |         | 2,619    |              |              | —  |  |
| Charming Charlie LLC, L+1200, 1.00% LIBOR Floor, 4/24/2023(t)(u)(w)                       |  | 1 Month LIBOR |  | Retail                                            |  | 3,595                            |              |         | 1,912    |              |              | —  |  |

----

|                                                                                                 |  |               |  |                                         |  |                                       |  |         |               |              |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------|--|---------------|--|-----------------------------------------|--|---------------------------------------|--|---------|---------------|--------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                            |  | Index Rate(b) |  | Industry                                |  | Principal/Par Amount/Units(e) |  | Cost(d) |               | FairValue(c) |
| CHC Solutions Inc., 12.00%, 7/20/2023(w)                                                |  | None          |  | Healthcare & Pharmaceuticals        |  | 7,273                            |  |         | 7,273    |              |  | 7,273    |  |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021(q)(r)                    |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure             |  | 23,942                           |  |         | 23,717   |              |  | 23,463   |  |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021                          |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure             |  | 2,430                            |  |         | 2,430    |              |  | 2,381    |  |
| CircusTrix Holdings, LLC, 1.00% Unfunded, 12/27/2019                                    |  | None          |  | Hotel, Gaming & Leisure             |  | 4,904                            |  |         | —  |              |  | (98)          |  |
| Country Fresh Holdings, LLC, L+500, 1.00% LIBOR Floor, 4/29/2023                        |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 286                              |  |         | 274      |              |  | 286      |  |
| Country Fresh Holdings, LLC, 1.00% Unfunded, 4/29/2023                                  |  | None          |  | Beverage, Food & Tobacco            |  | 735                              |  |         | (29)          |              |  | —  |  |
| Country Fresh Holdings, LLC, L+500, 1.00% LIBOR Floor, 4/29/2023                        |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 414                              |  |         | 414      |              |  | 414      |  |
| Crown Subsea Communications Holdings, Inc., L+600, 0.00% LIBOR Floor, 11/2/2025(p)      |  | 1 Month LIBOR |  | Capital Equipment                       |  | 7,800                            |  |         | 7,658    |              |  | 7,829    |  |
| David's Bridal, Inc., L+750, 1.00% LIBOR Floor, 7/18/2023                               |  | 1 Month LIBOR |  | Retail                                  |  | 418                              |  |         | 342      |              |  | 366      |  |
| David's Bridal, Inc., L+800, 1.00% LIBOR Floor, 1/18/2024(t)                            |  | 1 Month LIBOR |  | Retail                                  |  | 1,673                            |  |         | 1,673    |              |  | 795      |  |
| Dayton Superior Corp., L+1400, 1.00% LIBOR Floor, 11/15/2021(p)(t)(w)                   |  | 3 Month LIBOR |  | Construction & Building             |  | 6,490                            |  |         | 5,941    |              |  | 4,932    |  |
| Deluxe Entertainment Services Group Inc., L+750, 1.50% LIBOR Floor, 9/18/2020(j)        |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 2,851                            |  |         | 2,851    |              |  | 3,136    |  |
| Deluxe Entertainment Services Group Inc., 0.50% Unfunded, 10/30/2019                    |  | None          |  | Media: Diversified & Production |  | 1,149                            |  |         | —  |              |  | —  |  |
| Deluxe Entertainment Services Group Inc., L+750, 1.50% LIBOR Floor, 7/30/2020(p)(aa)    |  | 3 Month LIBOR |  | Media: Diversified & Production |  | 10,000                           |  |         | 9,593    |              |  | 21,075   |  |
| Deluxe Entertainment Services Group Inc., L+550, 1.00% LIBOR Floor, 2/28/2020(j)(t)(aa) |  | 3 Month LIBOR |  | Media: Diversified & Production |  | 25,213                           |  |         | 17,663   |              |  | 4,475    |  |
| DMT Solutions Global Corp., L+700, 0.00% LIBOR Floor, 7/2/2024(p)(r)                    |  | 6 Month LIBOR |  | Services: Business                  |  | 18,750                           |  |         | 18,283   |              |  | 18,258   |  |
| Eagle Family Foods Group LLC, L+650, 1.00% LIBOR Floor, 6/14/2024(r)                    |  | 3 Month LIBOR |  | Beverage, Food & Tobacco            |  | 14,813                           |  |         | 14,544   |              |  | 14,516   |  |
| Entertainment Studios P&A LLC, 6.18%, 5/18/2037(l)                                  |  | None          |  | Media: Diversified & Production |  | 17,244                           |  |         | 17,096   |              |  | 16,813   |  |
| Entertainment Studios P&A LLC, 5.00%, 5/18/2037(l)                                  |  | None          |  | Media: Diversified & Production |  | —                          |  |         | —  |              |  | 2,622    |  |
| EnTrans International, LLC, L+600, 0.00% LIBOR Floor, 11/1/2024(p)(r)                   |  | 1 Month LIBOR |  | Capital Equipment                       |  | 28,313                           |  |         | 28,064   |              |  | 27,746   |  |
| ES Chappaquiddick LLC, 10.00%, 5/18/2022                                                |  | None          |  | Media: Diversified & Production |  | 965                              |  |         | 965      |              |  | 989      |  |
| Evergreen Skills Lux S.À.R.L., L+475, 1.00% LIBOR Floor, 4/28/2021(h)(p)           |  | 6 Month LIBOR |  | High Tech Industries                    |  | 10,104                           |  |         | 9,788    |              |  | 8,222    |  |
| Extreme Reach, Inc., L+750, 0.00% LIBOR Floor, 3/29/2024(q)                             |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 22,442                           |  |         | 22,335   |              |  | 22,330   |  |
| Extreme Reach, Inc., 0.50% Unfunded, 3/29/2024                                          |  | None          |  | Media: Diversified & Production |  | 1,744                            |  |         | (4)           |              |  | (9)           |  |
| F+W Media, Inc., L+650, 1.50% LIBOR Floor, 5/24/2022(t)(u)(w)                           |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 1,195                            |  |         | 1,168    |              |  | 57       |  |
| F+W Media, Inc., L+1000, 1.50% LIBOR Floor, 5/24/2022(o)(t)(u)(w)                       |  | 1 Month LIBOR |  | Media: Diversified & Production |  | 3,393                            |  |         | 2,759    |              |  | —  |  |
| Flavors Holdings Inc., L+575, 1.00% LIBOR Floor, 4/3/2020(o)(q)                         |  | 3 Month LIBOR |  | Consumer Goods: Non-Durable         |  | 13,388                           |  |         | 13,000   |              |  | 12,384   |  |
| Foundation Consumer Healthcare, LLC, L+550, 1.00% LIBOR Floor, 11/2/2023(o)(q)(r)       |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 37,620                           |  |         | 37,410   |              |  | 37,620   |  |
| Foundation Consumer Healthcare, LLC, 0.50% Unfunded, 11/2/2023                          |  | None          |  | Healthcare & Pharmaceuticals        |  | 4,211                            |  |         | (22)          |              |  | —  |  |
| Genesis Healthcare, Inc., L+600, 0.50% LIBOR Floor, 3/6/2023(h)(o)(r)                   |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 35,000                           |  |         | 34,738   |              |  | 34,300   |  |
| Geo Parent Corp., L+550, 0.00% LIBOR Floor, 12/19/2025(p)                               |  | 1 Month LIBOR |  | Services: Business                  |  | 14,925                           |  |         | 14,786   |              |  | 14,888   |  |
| Harland Clarke Holdings Corp., L+475, 1.00% LIBOR Floor, 11/3/2023(p)(r)                |  | 3 Month LIBOR |  | Services: Business                  |  | 13,390                           |  |         | 13,342   |              |  | 10,495   |  |
| Healogics, Inc., L+425, 1.00% LIBOR Floor, 7/1/2021(p)                                  |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals        |  | 4,762                            |  |         | 4,625    |              |  | 3,548    |  |
| Homer City Generation, L.P., L+1100, 1.00% LIBOR Floor, 4/5/2023(o)                     |  | 3 Month LIBOR |  | Energy: Oil & Gas               |  | 14,481                           |  |         | 13,964   |              |  | 13,857   |  |
| HUMC Holdco, LLC, 9.00%, 6/26/2020                                                      |  | None          |  | Healthcare & Pharmaceuticals        |  | 10,000                           |  |         | 9,958    |              |  | 9,950    |  |
| Hummel Station LLC, L+600, 1.00% LIBOR Floor, 10/27/2022(p)                             |  | 1 Month LIBOR |  | Energy: Oil & Gas               |  | 9,786                            |  |         | 9,457    |              |  | 8,452    |  |

----

|                                                                                                   |  |                 |  |                                                   |  |                                       |             |         |               |              |  |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------|--|-----------------|--|---------------------------------------------------|--|---------------------------------------|-------------|---------|---------------|--------------|--|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                              |  | Index Rate(b)   |  | Industry                                          |  | Principal/Par Amount/Units(e) |             | Cost(d) |               | FairValue(c) |
| Hyperion Materials & Technologies, Inc., L+550, 1.00% LIBOR Floor, 8/28/2026(o)       |  | 1 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 10,000                           |             |         | 9,801    |              |  | 9,850    |             |
| Independent Pet Partners Intermediate Holdings, LLC, L+900, 1.00% LIBOR Floor, 11/19/2023 |  | 6 Month LIBOR   |  | Retail                                            |  | 12,094                           |             |         | 12,020   |              |  | 11,882   |             |
| Independent Pet Partners Intermediate Holdings, LLC, 1.00% Unfunded, 11/19/2023           |  | None            |  | Retail                                            |  | 7,852                            |             |         | (108)         |              |  | (137)         |             |
| Infinity Sales Group, LLC, L+1050, 1.00% LIBOR Floor, 11/23/2020(o)                       |  | 1 Month LIBOR   |  | Services: Business                            |  | 7,330                            |             |         | 7,117    |              |  | 7,549    |             |
| InfoGroup Inc., L+500, 1.00% LIBOR Floor, 4/3/2023(p)(q)(r)                               |  | 3 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 15,797                           |             |         | 15,783   |              |  | 15,323   |             |
| Instant Web, LLC, L+650, 0.00% LIBOR Floor, 12/15/2022(o)(q)(r)                           |  | 1 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 37,835                           |             |         | 37,753   |              |  | 36,699   |             |
| Instant Web, LLC, L+650, 0.00% LIBOR Floor, 12/15/2022                                    |  | 1 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 433                              |             |         | 433      |              |  | 420      |             |
| Instant Web, LLC, 0.50% Unfunded, 12/15/2022                                              |  | None            |  | Media: Advertising, Printing & Publishing |  | 2,271                            |             |         | —  |              |  | (68)          |             |
| International Seaways, Inc., L+600, 1.00% LIBOR Floor, 6/22/2022(h)(p)                    |  | 1 Month LIBOR   |  | Transportation: Cargo                         |  | 8,922                            |             |         | 8,812    |              |  | 8,949    |             |
| Isagenix International, LLC, L+575, 1.00% LIBOR Floor, 6/14/2025(p)                       |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 14,058                           |             |         | 13,938   |              |  | 11,774   |             |
| Island Medical Management Holdings, LLC, L+650, 1.00% LIBOR Floor, 9/1/2022(q)            |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 11,849                           |             |         | 11,750   |              |  | 11,271   |             |
| Jab Wireless, Inc., L+800, 0.00% LIBOR Floor, 5/2/2023(r)                                 |  | 3 Month LIBOR   |  | Telecommunications                                |  | 19,750                           |             |         | 19,750   |              |  | 19,750   |             |
| Jackson Hewitt Tax Service Inc., L+625, 0.00% LIBOR Floor, 5/30/2023(r)                   |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 17,550                           |             |         | 17,550   |              |  | 17,550   |             |
| Jenny C Acquisition, Inc., L+850, 0.00% LIBOR Floor, 10/1/2024(o)                         |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 9,863                            |             |         | 9,773    |              |  | 9,690    |             |
| JP Intermediate B, LLC, L+550, 1.00% LIBOR Floor, 11/20/2025(p)                           |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 16,365                           |             |         | 16,041   |              |  | 14,278   |             |
| KLO Intermediate Holdings, LLC, L+775, 1.50% LIBOR Floor, 4/7/2022(t)                     |  | 1 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 7,283                            |             |         | 7,023    |              |  | 2,185    |             |
| KLO Intermediate Holdings, LLC, L+775, 1.50% LIBOR Floor, 4/7/2022(t)                     |  | 1 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 4,311                            |             |         | 4,268    |              |  | 1,293    |             |
| KNB Holdings Corp., L+550, 1.00% LIBOR Floor, 4/26/2024(p)(r)                             |  | 3 Month LIBOR   |  | Consumer Goods: Durable                       |  | 8,348                            |             |         | 8,228    |              |  | 7,503    |             |
| Labvantage Solutions Inc., L+750, 1.00% LIBOR Floor, 12/29/2020(q)                        |  | 1 Month LIBOR   |  | High Tech Industries                              |  | 3,660                            |             |         | 3,647    |              |  | 3,660    |             |
| Labvantage Solutions Ltd., E+750, 1.00% EURIBOR Floor, 12/29/2020(h)                      |  | 1 Month EURIBOR |  | High Tech Industries                              |  | €                               | 3,705  |         |               | 4,149   |  |               | 4,038  |  |
| LAV Gear Holdings, Inc., L+550, 1.00% LIBOR Floor, 10/31/2024(o)(q)                       |  | 3 Month LIBOR   |  | Services: Business                            |  | 20,578                           |             |         | 20,288   |              |  | 20,166   |             |
| LAV Gear Holdings, Inc., L+550, 1.00% LIBOR Floor, 10/31/2024                             |  | 3 Month LIBOR   |  | Services: Business                            |  | 4,297                            |             |         | 4,237    |              |  | 4,211    |             |
| LD Intermediate Holdings, Inc., L+588, 1.00% LIBOR Floor, 12/9/2022(p)                    |  | 3 Month LIBOR   |  | High Tech Industries                              |  | 4,759                            |             |         | 4,489    |              |  | 4,735    |             |
| Lift Brands, Inc., L+700, 1.00% LIBOR Floor, 4/16/2023                                    |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 1,350                            |             |         | 1,350    |              |  | 1,313    |             |
| Lift Brands, Inc., 1.00% Unfunded, 4/16/2023                                              |  | None            |  | Services: Consumer                            |  | 3,650                            |             |         | —  |              |  | (100)         |             |
| Lift Brands, Inc., L+700, 1.00% LIBOR Floor, 4/16/2023(o)(q)(r)                           |  | 3 Month LIBOR   |  | Services: Consumer                            |  | 44,325                           |             |         | 43,600   |              |  | 43,106   |             |
| Longview Power, LLC, L+600, 1.00% LIBOR Floor, 4/13/2021(o)(q)                            |  | 3 Month LIBOR   |  | Energy: Oil & Gas                         |  | 17,791                           |             |         | 16,180   |              |  | 14,277   |             |
| Manna Pro Products, LLC, L+600, 0.00% LIBOR Floor, 12/8/2023(o)                           |  | 1 Month LIBOR   |  | Retail                                            |  | 9,448                            |             |         | 9,448    |              |  | 9,354    |             |
| Manna Pro Products, LLC, 1.00% Unfunded, 12/8/2019                                        |  | None            |  | Retail                                            |  | 5,528                            |             |         | —  |              |  | (55)          |             |
| Mimeo.com, Inc., L+700, 1.00% LIBOR Floor, 12/21/2023                                     |  | 3 Month LIBOR   |  | Services: Business                            |  | 1,500                            |             |         | 1,500    |              |  | 1,500    |             |
| Mimeo.com, Inc., 1.00% Unfunded, 12/21/2023                                               |  | None            |  | Services: Business                            |  | 1,500                            |             |         | —  |              |  | —  |             |
| Mimeo.com, Inc., L+700, 1.00% LIBOR Floor, 12/21/2023(o)(r)                               |  | 3 Month LIBOR   |  | Services: Business                            |  | 22,655                           |             |         | 22,655   |              |  | 22,655   |             |
| Mimeo.com, Inc., 0.25% Unfunded, 12/21/2020                                               |  | None            |  | Services: Business                            |  | 10,000                           |             |         | —  |              |  | —  |             |
| Moss Holding Company, L+625, 1.00% LIBOR Floor, 4/17/2023(o)(q)                           |  | 3 Month LIBOR   |  | Services: Business                            |  | 20,299                           |             |         | 20,042   |              |  | 19,893   |             |
| Moss Holding Company, 0.50% Unfunded, 4/17/2023                                           |  | None            |  | Services: Business                            |  | 2,232                            |             |         | —  |              |  | (45)          |             |
| Moxie Patriot LLC, L+575, 1.00% LIBOR Floor, 12/19/2020(p)                                |  | 3 Month LIBOR   |  | Energy: Oil & Gas                         |  | 9,825                            |             |         | 9,815    |              |  | 8,732    |             |

----

|                                                                                                  |  |               |  |                                                   |  |                                       |  |         |               |              |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------------------|--|---------|---------------|--------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                             |  | Index Rate(b) |  | Industry                                          |  | Principal/Par Amount/Units(e) |  | Cost(d) |               | FairValue(c) |
| MRP Generation Holdings, LLC, L+700, 1.00% LIBOR Floor, 10/18/2022(p)                    |  | 3 Month LIBOR |  | Energy: Oil & Gas                         |  | 2,197                            |  |         | 2,169    |              |  | 2,181    |  |
| Murray Energy Corp., L+725, 1.00% LIBOR Floor, 10/17/2022(p)(t)                          |  | 3 Month LIBOR |  | Metals & Mining                               |  | 3,574                            |  |         | 3,553    |              |  | 1,376    |  |
| NewsCycle Solutions, Inc., L+700, 1.00% LIBOR Floor, 12/29/2022(q)(r)                    |  | 1 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 20,071                           |  |         | 19,921   |              |  | 19,871   |  |
| One Call Corp., L+525, 1.00% LIBOR Floor, 11/25/2022(p)                                  |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 7,944                            |  |         | 7,585    |              |  | 6,196    |  |
| Petroflow Energy Corp., L+800, 1.00% LIBOR Floor, 6/29/2019(o)(t)(u)(w)                  |  | 1 Month LIBOR |  | Energy: Oil & Gas                         |  | 744                              |  |         | 215      |              |  | 170      |  |
| PFS Holding Corp., L+350, 1.00% LIBOR Floor, 1/31/2021                                   |  | 1 Month LIBOR |  | Retail                                            |  | 3,105                            |  |         | 2,670    |              |  | 2,034    |  |
| PH Beauty Holdings III. Inc., L+500, 0.00% LIBOR Floor, 9/28/2025(p)                     |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 9,900                            |  |         | 9,812    |              |  | 9,454    |  |
| Pixelle Specialty Solutions LLC, L+600, 1.00% LIBOR Floor, 10/31/2024(p)                 |  | 1 Month LIBOR |  | Forest Products & Paper                       |  | 24,837                           |  |         | 24,285   |              |  | 24,605   |  |
| Plano Molding Company, LLC, L+700, 1.00% LIBOR Floor, 5/12/2021(o)                       |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 6,025                            |  |         | 5,989    |              |  | 5,694    |  |
| Polymer Additives, Inc., L+600, 0.00% LIBOR Floor, 7/31/2025(o)(p)                       |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 19,850                           |  |         | 19,500   |              |  | 17,369   |  |
| Polymer Process Holdings, Inc., L+600, 0.00% LIBOR Floor, 5/1/2026(p)                    |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 24,938                           |  |         | 24,457   |              |  | 24,563   |  |
| Rhino Energy LLC, L+1000, 1.00% LIBOR Floor, 12/27/2020(r)                               |  | 1 Month LIBOR |  | Metals & Mining                               |  | 9,481                            |  |         | 9,209    |              |  | 9,386    |  |
| SEK Holding Co LLC, L+1150, 0.00% LIBOR Floor, 3/14/2022(o)(w)                           |  | 1 Month LIBOR |  | Banking, Finance, Insurance & Real Estate     |  | 15,279                           |  |         | 15,023   |              |  | 14,974   |  |
| Sequoia Healthcare Management, LLC, 12.75%, 8/21/2023(o)(q)                              |  | None          |  | Healthcare & Pharmaceuticals                  |  | 9,335                            |  |         | 9,258    |              |  | 9,288    |  |
| SIMR, LLC, L+900, 2.00% LIBOR Floor, 9/7/2023(o)(u)                                      |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 14,681                           |  |         | 14,433   |              |  | 13,800   |  |
| Smart & Final Inc., L+675, 0.00% LIBOR Floor, 6/20/2025(p)                           |  | 1 Month LIBOR |  | Retail                                            |  | 9,975                            |  |         | 9,093    |              |  | 9,158    |  |
| Sorenson Communications, LLC, L+650, 0.00% LIBOR Floor, 4/30/2024(p)                     |  | 3 Month LIBOR |  | Telecommunications                                |  | 13,163                           |  |         | 12,672   |              |  | 13,162   |  |
| SOS Security Holdings LLC, L+650, 1.00% LIBOR Floor, 4/30/2025(o)(r)                     |  | 3 Month LIBOR |  | Services: Business                            |  | 17,456                           |  |         | 17,285   |              |  | 17,282   |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 1.00% LIBOR Floor, 6/30/2021(o)    |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 12,684                           |  |         | 12,675   |              |  | 12,526   |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 1.00% LIBOR Floor, 6/30/2021(o)(w) |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 318                              |  |         | 318      |              |  | 314      |  |
| Spinal USA, Inc. / Precision Medical Inc., 0.00% Unfunded, 12/31/2019(o)(s)          |  | None          |  | Healthcare & Pharmaceuticals                  |  | 239                              |  |         | —  |              |  | (3)           |  |
| Spinal USA, Inc. / Precision Medical Inc., L+950, 1.00% LIBOR Floor, 6/30/2021(o)(w) |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 495                              |  |         | 495      |              |  | 489      |  |
| Stats Intermediate Holdings, LLC, L+525, 0.00% LIBOR Floor, 7/12/2026(p)                 |  | 6 Month LIBOR |  | High Tech Industries                              |  | 10,000                           |  |         | 9,784    |              |  | 9,800    |  |
| STG-Fairway Acquisitions, Inc., L+525, 1.00% LIBOR Floor, 6/30/2022(p)                   |  | 1 Month LIBOR |  | Services: Business                            |  | 3,929                            |  |         | 3,861    |              |  | 3,934    |  |
| Teladoc, Inc., 0.50% Unfunded, 7/14/2020(h)                                              |  | None          |  | High Tech Industries                              |  | 1,250                            |  |         | (12)          |              |  | —  |  |
| Telestream Holdings Corp., L+645, 1.00% LIBOR Floor, 3/24/2022(k)(o)                     |  | 1 Month LIBOR |  | High Tech Industries                              |  | 8,792                            |  |         | 8,678    |              |  | 8,616    |  |
| Tenere Inc., L+1000, 1.00% LIBOR Floor, 12/23/2021(o)(q)                                 |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 28,880                           |  |         | 28,556   |              |  | 28,880   |  |
| Tensar Corp., L+475, 1.00% LIBOR Floor, 7/9/2021(p)                                      |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 12,980                           |  |         | 12,579   |              |  | 12,428   |  |
| The Pasha Group, L+750, 1.00% LIBOR Floor, 1/26/2023(q)                                  |  | (z)           |  | Transportation: Cargo                         |  | 6,078                            |  |         | 5,945    |              |  | 6,123    |  |
| The Pay-O-Matic Corp., L+900, 0.00% LIBOR Floor, 4/5/2021(g)(o)                          |  | 3 Month LIBOR |  | Services: Consumer                            |  | 21,437                           |  |         | 21,319   |              |  | 21,437   |  |
| Therapure Biopharma Inc., L+875, 0.50% LIBOR Floor, 12/1/2021(h)(w)                      |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 14,476                           |  |         | 14,440   |              |  | 14,457   |  |
| Volta Charging, LLC, 12.00%, 6/19/2024                                                   |  | None          |  | Media: Diversified & Production           |  | 10,000                           |  |         | 10,000   |              |  | 10,000   |  |
| Volta Charging, LLC, 0.00% Unfunded, 6/19/2021(s)                                        |  | None          |  | Media: Diversified & Production           |  | 12,000                           |  |         | —  |              |  | —  |  |
| Wok Holdings Inc., L+650, 0.00% LIBOR Floor, 3/1/2026(p)                                 |  | 3 Month LIBOR |  | Beverage, Food & Tobacco                      |  | 12,935                           |  |         | 12,765   |              |  | 11,076   |  |
| Woodstream Corp., L+600, 1.00% LIBOR Floor, 5/29/2022(r)                                 |  | 3 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 14,300                           |  |         | 14,300   |              |  | 14,300   |  |

----

|                                                                                        |  |                 |  |                                                   |  |                                       |             |                 |               |              |                 |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------|--|-----------------|--|---------------------------------------------------|--|---------------------------------------|-------------|-----------------|---------------|--------------|-----------------|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                   |  | Index Rate(b)   |  | Industry                                          |  | Principal/Par Amount/Units(e) |             | Cost(d)         |               | FairValue(c) |
| Woodstream Corp., 0.50% Unfunded, 5/29/2021                                    |  | None            |  | Consumer Goods: Non-Durable                   |  | 559                              |             |                 | —  |              |                 | —  |             |
| Total Senior Secured First Lien Debt                                                   |  |                 |  |                                                   |  |                                       |             | 1,473,789  |               |              | 1,417,752  |               |
| Senior Secured Second Lien Debt - 28.4%                                                |  |                 |  |                                                   |  |                                       |             |                 |               |              |
| 1A Smart Start LLC, L+825, 1.00% LIBOR Floor, 8/21/2022(o)(q)                  |  | 1 Month LIBOR   |  | High Tech Industries                              |  | 17,800                           |             |                 | 17,547   |              |                 | 17,444   |             |
| ABG Intermediate Holdings 2 LLC, L+775, 1.00% LIBOR Floor, 9/29/2025(o)        |  | 1 Month LIBOR   |  | Retail                                            |  | 3,000                            |             |                 | 2,995    |              |                 | 3,006    |             |
| Access CIG, LLC, L+775, 0.00% LIBOR Floor, 2/27/2026(q)                        |  | 1 Month LIBOR   |  | Services: Business                            |  | 17,250                           |             |                 | 17,124   |              |                 | 17,250   |             |
| Albany Molecular Research, Inc., L+700, 1.00% LIBOR Floor, 8/30/2025(o)        |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 10,000                           |             |                 | 9,838    |              |                 | 9,906    |             |
| ALM Media, LLC, L+800, 1.00% LIBOR Floor, 7/30/2021(o)(q)                      |  | 3 Month LIBOR   |  | Media: Advertising, Printing & Publishing |  | 10,344                           |             |                 | 10,309   |              |                 | 10,344   |             |
| American Residential Services LLC, L+800, 1.00% LIBOR Floor, 12/31/2022(o)     |  | 1 Month LIBOR   |  | Construction & Building                       |  | 5,180                            |             |                 | 5,136    |              |                 | 5,128    |             |
| Carestream Health, Inc., L+950, 1.00% LIBOR Floor, 6/7/2021(q)                 |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 10,662                           |             |                 | 10,662   |              |                 | 10,209   |             |
| Country Fresh Holdings, LLC, L+850, 1.00% LIBOR Floor, 4/29/2024(w)            |  | 3 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 1,974                            |             |                 | 1,975    |              |                 | 1,974    |             |
| EagleTree-Carbide Acquisition Corp., L+850, 1.00% LIBOR Floor, 8/28/2025(o)(q) |  | 3 Month LIBOR   |  | Consumer Goods: Durable                       |  | 23,000                           |             |                 | 22,727   |              |                 | 22,655   |             |
| Evergreen Skills Lux S.À.R.L., L+825, 1.00% LIBOR Floor, 4/28/2022(h)(q)  |  | 6 Month LIBOR   |  | High Tech Industries                              |  | 9,999                            |             |                 | 8,106    |              |                 | 3,025    |             |
| Global Tel*Link Corp., L+825, 0.00% LIBOR Floor, 11/29/2026(q)                 |  | 1 Month LIBOR   |  | Telecommunications                                |  | 11,500                           |             |                 | 11,309   |              |                 | 10,968   |             |
| LSCS Holdings, Inc., L+825, 0.00% LIBOR Floor, 3/16/2026(o)                    |  | 6 Month LIBOR   |  | Services: Business                            |  | 11,891                           |             |                 | 11,653   |              |                 | 11,831   |             |
| Mayfield Agency Borrower Inc., L+850, 0.00% LIBOR Floor, 3/2/2026(o)(q)(r)     |  | 1 Month LIBOR   |  | Banking, Finance, Insurance & Real Estate     |  | 20,000                           |             |                 | 19,719   |              |                 | 20,200   |             |
| Medical Solutions Holdings, Inc., L+825, 1.00% LIBOR Floor, 6/16/2025(o)       |  | 1 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 10,000                           |             |                 | 9,874    |              |                 | 9,750    |             |
| MedPlast Holdings, Inc., L+775, 0.00% LIBOR Floor, 7/2/2026(r)                 |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 6,750                            |             |                 | 6,690    |              |                 | 6,328    |             |
| Ministry Brands, LLC, L+925, 1.00% LIBOR Floor, 6/2/2023(o)(q)                 |  | 2 Month LIBOR   |  | Services: Business                            |  | 7,000                            |             |                 | 6,928    |              |                 | 7,000    |             |
| Niacet Corp., E+875, 1.00% EURIBOR Floor, 8/1/2024(h)                          |  | 1 Month EURIBOR |  | Chemicals, Plastics & Rubber                  |  | €                               | 7,489  |                 |               | 7,977   |                 |               | 8,081  |  |
| Patterson Medical Supply, Inc., L+850, 1.00% LIBOR Floor, 8/28/2023(o)         |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 13,500                           |             |                 | 13,417   |              |                 | 12,150   |             |
| PetroChoice Holdings, Inc., L+875, 1.00% LIBOR Floor, 8/21/2023(o)             |  | 3 Month LIBOR   |  | Chemicals, Plastics & Rubber                  |  | 15,000                           |             |                 | 14,778   |              |                 | 14,775   |             |
| PFS Holding Corp., L+725, 1.00% LIBOR Floor, 1/31/2022(p)(t)                   |  | 1 Month LIBOR   |  | Retail                                            |  | 4,998                            |             |                 | 4,312    |              |                 | —  |             |
| Premiere Global Services, Inc., L+950, 1.00% LIBOR Floor, 6/6/2022(o)          |  | 3 Month LIBOR   |  | Telecommunications                                |  | 3,000                            |             |                 | 2,932    |              |                 | 1,050    |             |
| PT Intermediate Holdings III, LLC, L+800, 1.00% LIBOR Floor, 12/8/2025(q)      |  | 1 Month LIBOR   |  | Services: Business                            |  | 9,375                            |             |                 | 9,305    |              |                 | 9,469    |             |
| Securus Technologies Holdings, Inc., L+825, 1.00% LIBOR Floor, 11/1/2025(q)    |  | 1 Month LIBOR   |  | Telecommunications                                |  | 2,942                            |             |                 | 2,916    |              |                 | 2,592    |             |
| STG-Fairway Acquisitions, Inc., L+925, 1.00% LIBOR Floor, 6/30/2023(o)(q)      |  | 1 Month LIBOR   |  | Services: Business                            |  | 10,000                           |             |                 | 9,910    |              |                 | 9,600    |             |
| TexOak Petro Holdings LLC, 8.00%, 12/29/2019(t)(u)(w)                          |  | None            |  | Energy: Oil & Gas                         |  | 8,405                            |             |                 | 2,592    |              |                 | —  |             |
| TMK Hawk Parent, Corp., L+800, 1.00% LIBOR Floor, 8/28/2025(o)                 |  | 1 Month LIBOR   |  | Services: Business                            |  | 13,393                           |             |                 | 13,115   |              |                 | 12,991   |             |
| TouchTunes Interactive Networks, Inc., L+825, 1.00% LIBOR Floor, 5/29/2022(q)  |  | 1 Month LIBOR   |  | Hotel, Gaming & Leisure                       |  | 5,226                            |             |                 | 5,195    |              |                 | 5,226    |             |
| Winebow Holdings, Inc., L+750, 1.00% LIBOR Floor, 1/2/2022(o)                  |  | 1 Month LIBOR   |  | Beverage, Food & Tobacco                      |  | 12,823                           |             |                 | 12,675   |              |                 | 8,656    |             |
| Zest Acquisition Corp., L+750, 1.00% LIBOR Floor, 3/13/2026(q)                 |  | 3 Month LIBOR   |  | Healthcare & Pharmaceuticals                  |  | 15,000                           |             |                 | 14,868   |              |                 | 13,875   |             |
| Zywave Inc., L+900, 1.00% LIBOR Floor, 11/17/2023(o)                           |  | 3 Month LIBOR   |  | High Tech Industries                              |  | 3,173                            |             |                 | 3,128    |              |                 | 3,173    |             |
| Total Senior Secured Second Lien Debt                                                  |  |                 |  |                                                   |  |                                       |             | 289,712    |               |              | 268,656    |               |

----

|                                                                                                              |  |               |  |                                               |  |                                       |  |               |              |              |               |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------|--|---------------|--|-----------------------------------------------|--|---------------------------------------|--|---------------|--------------|--------------|---------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                                                                         |  | Index Rate(b) |  | Industry                                      |  | Principal/Par Amount/Units(e) |  | Cost(d)       |              | FairValue(c) |
| Collateralized Securities and Structured Products - Debt - 1.1%                                              |  |               |  |                                               |  |                                       |  |               |              |              |
| Deutsche Bank AG Frankfurt CRAFT 2015-2 Class Credit Linked Note, L+925, 1/16/2022(h)                |  | 3 Month LIBOR |  | Diversified Financials                        |  | 10,051                           |  |               | 10,051  |              |               | 9,950  |  |
| Total Collateralized Securities and Structured Products - Debt                                               |  |               |  |                                               |  |                                       |  | 10,051   |              |              | 9,950    |             |
| Collateralized Securities and Structured Products - Equity - 1.6%                                            |  |               |  |                                               |  |                                       |  |               |              |              |
| APIDOS CLO XVI Subordinated Notes, 6.39% Estimated Yield, 1/19/2025(h)                               |  | (f)           |  | Diversified Financials                        |  | 9,000                            |  |               | 3,697   |              |               | 2,681  |  |
| CENT CLO 19 Ltd. Subordinated Notes, 37.72% Estimated Yield, 10/29/2025(h)                           |  | (f)           |  | Diversified Financials                        |  | 2,000                            |  |               | 1,163   |              |               | 1,037  |  |
| Galaxy XV CLO Ltd. Class A Subordinated Notes, 6.78% Estimated Yield, 4/15/2025(h)                   |  | (f)           |  | Diversified Financials                        |  | 4,000                            |  |               | 2,272   |              |               | 1,746  |  |
| Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan, 11.84% Estimated Yield, 2/2/2026(h) |  | (f)           |  | Diversified Financials                        |  | 10,000                           |  |               | 9,371   |              |               | 9,517  |  |
| Total Collateralized Securities and Structured Products - Equity                                             |  |               |  |                                               |  |                                       |  | 16,503   |              |              | 14,981   |             |
| Equity - 4.3%                                                                                                |  |               |  |                                               |  |                                       |  |               |              |              |
| Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(s)                                    |  |               |  | Media: Diversified & Production       |  | 769 Units                             |  | 205      |              |              | 201      |             |
| Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(s)                                    |  |               |  | Media: Diversified & Production       |  | 135 Units                             |  | —  |              |              | —  |             |
| Anthem Sports and Entertainment Inc., Common Stock Warrants(s)                                               |  |               |  | Media: Diversified & Production       |  | 2,508 Units                           |  | —  |              |              | —  |             |
| Ascent Resources - Marcellus, LLC, Common Shares(s)                                                          |  |               |  | Energy: Oil & Gas                     |  | 511,255 Units                         |  | 1,642    |              |              | 1,150    |             |
| Ascent Resources - Marcellus, LLC, Warrants(s)                                                               |  |               |  | Energy: Oil & Gas                     |  | 132,367 Units                         |  | 13       |              |              | 4        |             |
| Avaya Holdings Corp., Common Stock(i)(p)(s)                                                                  |  |               |  | Telecommunications                            |  | 321,260 Units                         |  | 5,285    |              |              | 3,286    |             |
| Charming Charlie LLC, Common Stock(s)(u)                                                                     |  |               |  | Retail                                        |  | 30,046,243 Units                      |  | 1,302    |              |              | —  |             |
| CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend(v)                                        |  |               |  | Healthcare & Pharmaceuticals              |  | 2,727,273 Units                       |  | 5,004    |              |              | 5,029    |             |
| Conisus Holdings, Inc., Common Stock(s)(u)                                                                   |  |               |  | Healthcare & Pharmaceuticals              |  | 4,914,556 Units                       |  | 200      |              |              | 1,542    |             |
| Conisus Holdings, Inc., Series B Preferred Stock, 12% Dividend(u)(v)                                         |  |               |  | Healthcare & Pharmaceuticals              |  | 12,677,833 Units                      |  | 12,734   |              |              | 12,637   |             |
| Country Fresh Holdings, LLC, Common Stock(s)                                                                 |  |               |  | Beverage, Food & Tobacco                  |  | 2,985 Units                           |  | 5,249    |              |              | 3,135    |             |
| David's Bridal, Inc., Common Stock(s)                                                                        |  |               |  | Retail                                        |  | 32,296 Units                          |  | 580      |              |              | —  |             |
| F+W Media, Inc., Common Stock(s)(u)                                                                          |  |               |  | Media: Diversified & Production       |  | 31,211 Units                          |  | —  |              |              | —  |             |
| HDNet Holdco LLC, Preferred Unit Call Option(s)                                                              |  |               |  | Media: Diversified & Production       |  | 0.67 Units                            |  | —  |              |              | —  |             |
| Independent Pet Partners Intermediate Holdings, LLC, Class A Preferred Units(s)                              |  |               |  | Retail                                        |  | 1,000,000 Units                       |  | 1,000    |              |              | 990      |             |
| Independent Pet Partners Intermediate Holdings, LLC, Warrants(s)                                             |  |               |  | Retail                                        |  | 155,880 Units                         |  | —  |              |              | 5        |             |
| Mooregate ITC Acquisition, LLC, Class A Units(s)                                                             |  |               |  | High Tech Industries                          |  | 500 Units                             |  | 563      |              |              | 173      |             |
| Mount Logan Capital Inc., Common Stock(h)(i)(s)(u)                                                           |  |               |  | Banking, Finance, Insurance & Real Estate |  | 7,842,273 Units                       |  | 3,335    |              |              | 2,665    |             |
| NS NWN Acquisition, LLC, Voting Units(s)                                                                     |  |               |  | High Tech Industries                          |  | 346 Units                             |  | 393      |              |              | 514      |             |
| NS NWN Acquisition, LLC, Class A Preferred Units(s)                                                          |  |               |  | High Tech Industries                          |  | 111 Units                             |  | 111      |              |              | 332      |             |
| NSG Co-Invest (Bermuda) LP, Partnership Interests(h)(s)                                                      |  |               |  | Consumer Goods: Durable                   |  | 1,575 Units                           |  | 1,000    |              |              | 653      |             |
| Rhino Energy LLC, Warrants(s)                                                                                |  |               |  | Metals & Mining                           |  | 170,972 Units                         |  | 280      |              |              | 70       |             |
| SIMR Parent, LLC, Class B Common Units(s)(u)                                                                 |  |               |  | Healthcare & Pharmaceuticals              |  | 7,500,000 Units                       |  | 7,500    |              |              | 4,419    |             |
| Spinal USA, Inc. / Precision Medical Inc., Warrants(s)                                                   |  |               |  | Healthcare & Pharmaceuticals              |  | 14,181,915 Units                      |  | 5,806    |              |              | 3,120    |             |
| Tenere Inc., Warrants(s)                                                                                     |  |               |  | Capital Equipment                             |  | N/A                               |  | 161      |              |              | 830      |             |

----

|                                                                    |  |  |  |                           |  |                                       |  |               |                 |              |               |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|--|--|--|---------------------------|--|---------------------------------------|--|---------------|-----------------|--------------|---------------|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company(a)                                               |  |  |  | Industry                  |  | Principal/Par Amount/Units(e) |  | Cost(d)       |                 | FairValue(c) |
| TexOak Petro Holdings LLC, Membership Interests(s)(u)              |  |  |  | Energy: Oil & Gas |  | 60,000 Units                          |  | —  |                 |              | —  |                 |
| Total Equity                                                       |  |  |  |                           |  |                                       |  | 52,363   |                 |              | 40,755   |                 |
| Short Term Investments - 2.4%(m)                                   |  |  |  |                           |  |                                       |  |               |                 |              |
| First American Treasury Obligations Fund, Class Z Shares, 1.85%(n) |  |  |  |                           |  |                                       |  | 23,060   |                 |              | 23,060   |                 |
| Total Short Term Investments                                       |  |  |  |                           |  |                                       |  | 23,060   |                 |              | 23,060   |                 |
| TOTAL INVESTMENTS - 187.8%                                         |  |  |  |                           |  |                                       |  | $             | 1,865,478  |              |               | 1,775,154  |  |
| LIABILITIES IN EXCESS OF OTHER ASSETS - (87.8%)                    |  |  |  |                           |  |                                       |  |               |                 | (829,693)    |               |
| NET ASSETS - 100%                                                  |  |  |  |                           |  |                                       |  |               |                 | $            | 945,461  |                 |

----

|                                                           |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |               |   |               |               |  |   |               |  |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|--|--------------------------------|--------------|--------------------------------------|---------------|--------------------------|---------------|--------------------------------------|--|---------------------------------|---------------|------------------------------|--|-------------------|---------|-----------------|---------------|---|---------------|---------------|--|---|---------------|--|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                           |  |                                |              | Nine Months Ended September 30, 2019 |               |                          |               | Nine Months Ended September 30, 2019 |
| Non-Controlled, Affiliated Investments          |  | Fair Value atDecember 31, 2018 |              | GrossAdditions(Cost)(1)              |               | GrossReductions(Cost)(2) |               | Net Unrealized(Loss) Gain       |  | Fair Value atSeptember 30, 2019 |               | Net RealizedGain (Loss) |  | InterestIncome(3) |         | Dividend Income |
|   Charming Charlie, LLC                         |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     First Lien Term Loan B1           |  | $                              | 1,021   |                                      |               | $                        | —  |                                      |  | $                               | —  |                              |  | $                 | (1,021) |                 |               | $ | —  |               |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |
|     First Lien Term Loan B2           |  | 1,249                     |              |                                      | —  |                          |               | —                         |  |                                 | (1,249)       |                              |  | —      |         |                 | —  |   |               | —  |  |   | —  |  |
|     Vendor Payment Financing Facility |  | 157                       |              |                                      | 890      |                          |               | —                         |  |                                 | (240)         |                              |  | 807          |         |                 | —  |   |               | 37       |  |   | —  |  |
|     Common Stock                      |  | —                   |              |                                      | —  |                          |               | —                         |  |                                 | —  |                              |  | —      |         |                 | —  |   |               | —  |  |   | —  |  |
|   Conisus Holdings, Inc.                        |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     Series B Preferred Stock          |  | 10,903                    |              |                                      | 3,534    |                          |               | —                         |  |                                 | (1,800)       |                              |  | 12,637       |         |                 | —  |   |               | —  |  |   | 3,534    |  |
|     Common Stock                      |  | 197                       |              |                                      | —  |                          |               | —                         |  |                                 | 1,345    |                              |  | 1,542        |         |                 | —  |   |               | —  |  |   | —  |  |
|   F+W Media, Inc.                               |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     First Lien Term Loan B-1          |  | 1,137                     |              |                                      | 51       |                          |               | —                         |  |                                 | (1,131)       |                              |  | 57           |         |                 | —  |   |               | 50       |  |   | —  |  |
|     First Lien Term Loan B-2          |  | 161                       |              |                                      | —  |                          |               | —                         |  |                                 | (161)         |                              |  | —      |         |                 | —  |   |               | —  |  |   | —  |  |
|     First Lien DIP Term Loan          |  | —                   |              |                                      | 521      |                          |               | (521)                                |  |                                 | —  |                              |  | —      |         |                 | —  |   |               | 100      |  |   | —  |  |
|     Common Stock                      |  | —                   |              |                                      | —  |                          |               | —                         |  |                                 | —  |                              |  | —      |         |                 | —  |   |               | —  |  |   | —  |  |
| Mount Logan Capital Inc.                                  |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     Common Stock                      |  | 2,645                     |              |                                      | —  |                          |               | —                         |  |                                 | 20       |                              |  | 2,665        |         |                 | —  |   |               | —  |  |   | —  |  |
|   SIMR, LLC                                     |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     First Lien Term Loan              |  | 14,757                    |              |                                      | 32       |                          |               | (619)                                |  |                                 | (370)         |                              |  | 13,800       |         |                 | —  |   |               | 1,346    |  |   | —  |  |
|   SIMR Parent, LLC                              |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     Class B Common Units              |  | 7,382                     |              |                                      | —  |                          |               | —                         |  |                                 | (2,963)       |                              |  | 4,419        |         |                 | —  |   |               | —  |  |   | —  |  |
|   Petroflow Energy Corp.                        |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     First Lien Term Loan              |  | 2,363                     |              |                                      | (128)         |                          |               | (2,392)                              |  |                                 | 327      |                              |  | 170          |         |                 | —  |   |               | (91)          |  |   | —  |  |
|   TexOak Petro Holdings LLC                     |  |                                |              |                                      |               |                          |               |                                      |  |                                 |               |                              |  |                   |         |                 |
|     Second Lien Term Loan             |  | —                   |              |                                      | —  |                          |               | —                         |  |                                 | —  |                              |  | —      |         |                 | —  |   |               | —  |  |   | —  |  |
|     Membership Interests              |  | —                   |              |                                      | —  |                          |               | —                         |  |                                 | —  |                              |  | —      |         |                 | —  |   |               | —  |  |   | —  |  |
| Totals                                                    |  | $                              | 41,972  |                                      |               | $                        | 4,900    |                                      |  | $                               | (3,532)       |                              |  | $                 | (7,243) |                 |               | $ | 36,097   |               |  | $ | —  |  |  | $ | 1,442    |  |  | $ | 3,534    |  |

----

|                                               |  |                                 |  |               |  |                 |  |             |  |      |               |     |  |       |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--|---------------------------------|--|---------------|--|-----------------|--|-------------|--|------|---------------|-----|--|-------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                               |  |                                 |  | Interest Rate |  | Interest Amount |
| Portfolio Company                             |  | Investment Type                 |  | Cash          |  | PIK             |  | All-in-Rate |  | Cash |               | PIK |  | Total |
| American Clinical Solutions LLC(t)            |  | Senior Secured First Lien Debt  |  | 10.50%        |  | 2.00%           |  | 12.50%      |  | $    | —  |     |  | $     | —  |  |  | $ | —  |  |
| Anthem Sports & Entertainment Inc.        |  | Senior Secured First Lien Debt  |  | 8.85%         |  | 2.75%           |  | 11.60%      |  | $    | 176      |     |  | $     | 28       |  |  | $ | 204      |  |
| Charming Charlie LLC(t)                       |  | Senior Secured First Lien Debt  |  | 7.05%         |  | 5.00%           |  | 12.05%      |  | $    | —  |     |  | $     | —  |  |  | $ | —  |  |
| Charming Charlie LLC(t)                       |  | Senior Secured First Lien Debt  |  | 3.05%         |  | 9.00%           |  | 12.05%      |  | $    | —  |     |  | $     | —  |  |  | $ | —  |  |
| CHC Solutions Inc.                            |  | Senior Secured First Lien Debt  |  | 8.00%         |  | 4.00%           |  | 12.00%      |  | $    | 437      |     |  | $     | 218      |  |  | $ | 655      |  |
| Country Fresh Holdings, LLC                   |  | Senior Secured Second Lien Debt |  | —       |  | 10.60%          |  | 10.60%      |  | $    | —  |     |  | $     | 90       |  |  | $ | 90       |  |
| Dayton Superior Corp.(t)                      |  | Senior Secured First Lien Debt  |  | 10.10%        |  | 6.00%           |  | 16.10%      |  | $    | 346      |     |  | $     | 94       |  |  | $ | 440      |  |
| F+W Media, Inc.(t)                            |  | Senior Secured First Lien Debt  |  | —       |  | 12.12%          |  | 12.12%      |  | $    | —  |     |  | $     | —  |  |  | $ | —  |  |
| F+W Media, Inc.(t)                            |  | Senior Secured First Lien Debt  |  | —       |  | 8.55%           |  | 8.55%       |  | $    | —  |     |  | $     | 51       |  |  | $ | 51       |  |
| F+W Media, Inc.(y)                            |  | Senior Secured First Lien Debt  |  | —       |  | 12.33%          |  | 12.33%      |  | $    | 7        |     |  | $     | 13       |  |  | $ | 20       |  |
| Petroflow Energy Corp.(t)                     |  | Senior Secured First Lien Debt  |  | 3.00%         |  | 7.11%           |  | 10.11%      |  | $    | —  |     |  | $     | —  |  |  | $ | —  |  |
| SEK Holding Co LLC                            |  | Senior Secured First Lien Debt  |  | 10.05%        |  | 3.50%           |  | 13.55%      |  | $    | 950      |     |  | $     | 296      |  |  | $ | 1,246    |  |
| Spinal USA, Inc. / Precision Medical Inc. |  | Senior Secured First Lien Debt  |  | —       |  | 11.78%          |  | 11.78%      |  | $    | —  |     |  | $     | 21       |  |  | $ | 21       |  |
| Sprint Industrial Holdings, LLC(y)            |  | Senior Secured First Lien Debt  |  | 8.08%         |  | 1.00%           |  | 9.08%       |  | $    | 273      |     |  | $     | 101      |  |  | $ | 374      |  |
| TexOak Petro Holdings LLC(t)                  |  | Senior Secured Second Lien Debt |  | —       |  | 8.00%           |  | 8.00%       |  | $    | —  |     |  | $     | —  |  |  | $ | —  |  |
| Therapure Biopharma Inc.(x)                   |  | Senior Secured First Lien Debt  |  | 10.86%        |  | —         |  | 10.86%      |  | $    | 1,286    |     |  | $     | 363      |  |  | $ | 1,649    |  |

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|                                                                         |                                |  |                         |               |               |  |                 |               |        |              |        |             |                 |  |               |              |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------|--------------------------------|--|-------------------------|---------------|---------------|--|-----------------|---------------|--------|--------------|--------|-------------|-----------------|--|---------------|--------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                         | Nine Months EndedSeptember 30, |  | Year Ended December 31, |
|                                                                         | 2020                           |  | 2019                    |               | 2019          |
|                                                                         | Shares                         |  | Amount                  |               | Shares        |  | Amount          |               | Shares |              | Amount |
| Gross shares/proceeds from the offering                             | —                   |  |                         | $             | —  |  |                 | 696,264  |        |              | $      | 6,516  |                 |  | 696,264  |              |  | $ | 6,515  |  |
| Reinvestment of distributions                                           | 1,496,868                 |  |                         | 11,783   |               |  | 3,129,083  |               |        | 26,849  |        |             | 4,217,705  |  |               | 35,800  |  |
| Total gross shares/proceeds                                         | 1,496,868                 |  |                         | 11,783   |               |  | 3,825,347  |               |        | 33,365  |        |             | 4,913,969  |  |               | 42,315  |  |
| Sales commissions and dealer manager fees                               | —                   |  |                         | —  |               |  | —    |               |        | (296)        |        |             | —    |  |               | (296)        |  |
|     Net shares/proceeds                         | 1,496,868                 |  |                         | 11,783   |               |  | 3,825,347  |               |        | 33,069  |        |             | 4,913,969  |  |               | 42,019  |  |
| Share repurchase program                                                | (1,077,994)                    |  |                         | (8,085)       |               |  | (3,152,804)     |               |        | (26,849)     |        |             | (4,242,063)     |  |               | (35,799)     |  |
|     Net shares/proceeds from share transactions | 418,874                   |  |                         | $             | 3,698    |  |                 | 672,543  |        |              | $      | 6,220  |                 |  | 671,906  |              |  | $ | 6,220  |  |

----

|                                                    |                 |                    |  |                    |  |                                                     |          |                            |              |                                                |               |          |             |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------|-----------------|--------------------|--|--------------------|--|-----------------------------------------------------|----------|----------------------------|--------------|------------------------------------------------|---------------|----------|-------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Three Months Ended                                 |                 | Repurchase Date    |  | Shares Repurchased |  | Percentage of Shares Tendered That Were Repurchased |          | Repurchase Price Per Share |              | Aggregate Consideration for Repurchased Shares |
| 2019                                               |                 |                    |  |                    |  |                                                     |          |                            |              |                                                |
| March 31, 2019                                     |                 | March 27, 2019     |  | 1,078,856     |  |                                                     | 30  | %                          |              | $                                              | 8.68     |          |             | $ | 9,361  |  |
| June 30, 2019                                      |                 | June 26, 2019      |  | 1,038,641     |  |                                                     | 15  | %                          |              | 8.59                                      |               |          | 8,926  |   |
| September 30, 2019                                 |                 | September 25, 2019 |  | 1,035,307     |  |                                                     | 15  | %                          |              | 8.27                                      |               |          | 8,562  |   |
| December 31, 2019                                  |                 | December 26, 2019  |  | 1,089,259     |  |                                                     | 17  | %                          |              | 8.22                                      |               |          | 8,950  |   |
| Total for the year ended December 31, 2019         | 4,242,063  |                    |  |                    |  |                                                     |          | $                          | 35,799  |                                                |
|                                                    |                 |                    |  |                    |  |                                                     |          |                            |              |                                                |
| 2020                                               |                 |                    |  |                    |  |                                                     |          |                            |              |                                                |
| March 31, 2020                                     |                 | March 30, 2020     |  | 1,076,229     |  |                                                     | 13  | %                          |              | $                                              | 7.50     |          |             | $ | 8,071  |  |
| June 30, 2020(1)                                   |                 | N/A            |  | 1,765         |  |                                                     | N/A  |                            | 7.50    |                                                |               | 14  |             |
| September 30, 2020                                 |                 | N/A            |  | —       |  |                                                     | N/A  |                            | N/A      |                                                | —  |          |
| Total for the nine months ended September 30, 2020 | 1,077,994  |                    |  |                    |  |                                                     |          | $                          | 8,085   |                                                |

|                                        |  |                                  |  |                                    |  |                                 |               |                                |             |                         |               |              |  |      |               |  |  |              |              |  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------|--|----------------------------------|--|------------------------------------|--|---------------------------------|---------------|--------------------------------|-------------|-------------------------|---------------|--------------|--|------|---------------|--|--|--------------|--------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                        |  |                                  |  |                                    |  | Three Months EndedSeptember 30, |               | Nine Months EndedSeptember 30, |             | Year Ended December 31, |
| Entity                                 |  | Capacity                         |  | Description                        |  | 2020                            |               | 2019                           |             | 2020                    |               | 2019         |  | 2019 |
| CION Securities, LLC                   |  | Dealer manager                   |  | Dealer manager fees(1)             |  | $                               | —  |                                |             | $                       | —  |              |  | $    | —  |  |  | $            | 121     |  |  | $ | 121     |  |
| CIM                                    |  | Investment adviser               |  | Management fees(2)                 |  | 7,780                      |               |                                | 9,029  |                         |               | 24,160  |  |      | 27,597   |  |  | 36,466  |              |
| CIM                                    |  | Investment adviser               |  | Incentive fees(2)                  |  | —                    |               |                                | 4,983  |                         |               | 3,308   |  |      | 14,475   |  |  | 20,087  |              |
| CIM                                    |  | Administrative services provider |  | Administrative services expense(2) |  | 593                        |               |                                | 453    |                         |               | 1,793   |  |      | 1,433    |  |  | 2,650   |              |
|                                        |  |                                  |  |                                    |  |                                 |               |                                |             |                         |               |              |  |      |
| Apollo Investment Administration, L.P. |  | Administrative services provider |  | Transaction costs(2)               |  | 53                         |               |                                | 49     |                         |               | 48      |  |      | 109      |  |  | 146     |              |
|                                        |  |                                  |  |                                    |  | $                               | 8,426    |                                |             | $                       | 14,514   |              |  | $    | 29,309   |  |  | $            | 43,735  |  |  | $ | 59,470  |  |

----

----

----

|                                                                  |  |               |              |        |               |   |              |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|---------------|--------------|--------|---------------|---|--------------|--|--|--|--|--|--|--|
|                                                                  |  | Distributions |
| Three Months Ended                                               |  | Per Share     |              | Amount |
| 2019                                                             |  |               |              |        |
| March 31, 2019 (thirteen record dates)                           |  | $             | 0.1829  |        |               | $ | 20,772  |  |
| June 30, 2019 (thirteen record dates)                            |  | 0.1829   |              |        | 20,801   |   |
| September 30, 2019 (thirteen record dates)                       |  | 0.1829   |              |        | 20,798   |   |
| December 31, 2019 (fourteen record dates)                        |  | 0.1969   |              |        | 22,401   |   |
| Total distributions for the year ended December 31, 2019         |  | $             | 0.7456  |        |               | $ | 84,772  |  |
|                                                                  |  |               |              |        |
| 2020                                                             |  |               |              |        |
| March 31, 2020 (thirteen record dates)                           |  | $             | 0.1829  |        |               | $ | 20,793  |  |
| June 30, 2020 (no record dates)                                  |  | —  |              |        | —  |   |
| September 30, 2020 (two record dates)                            |  | 0.0883   |              |        | 10,011   |   |
| Total distributions for the nine months ended September 30, 2020 |  | $             | 0.2712  |        |               | $ | 30,804  |  |

----

|                        |  |                                |              |                         |  |            |              |           |  |             |   |            |   |              |  |        |   |              |  |  |             |   |  |   |              |  |  |   |              |  |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|--|--------------------------------|--------------|-------------------------|--|------------|--------------|-----------|--|-------------|---|------------|---|--------------|--|--------|---|--------------|--|--|-------------|---|--|---|--------------|--|--|---|--------------|--|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                        |  | Nine Months EndedSeptember 30, |              | Year Ended December 31, |
|                        |  | 2020                           |              | 2019                    |  | 2019       |
| Source of Distribution |  | Per Share                      |              | Amount                  |  | Percentage |              | Per Share |  | Amount      |   | Percentage |   | Per Share    |  | Amount |   | Percentage   |
| Net investment income  |  | $                              | 0.2712  |                         |  | $          | 30,804  |           |  | 100.0  | % |            | $ | 0.5487  |  |        | $ | 62,371  |  |  | 100.0  | % |  | $ | 0.7456  |  |  | $ | 84,772  |  |  | 100.0  | % |
|                        |  |                                |              |                         |  |            |              |           |  |             |   |            |   |              |  |        |   |              |
|                        |  |                                |              |                         |  |            |              |           |  |             |   |            |   |              |  |        |   |              |
|                        |  |                                |              |                         |  |            |              |           |  |             |   |            |   |              |  |        |   |              |
|                        |  |                                |              |                         |  |            |              |           |  |             |   |            |   |              |  |        |   |              |
|                        |  |                                |              |                         |  |            |              |           |  |             |   |            |   |              |  |        |   |              |
| Total distributions    |  | $                              | 0.2712  |                         |  | $          | 30,804  |           |  | 100.0  | % |            | $ | 0.5487  |  |        | $ | 62,371  |  |  | 100.0  | % |  | $ | 0.7456  |  |  | $ | 84,772  |  |  | 100.0  | % |

|                                            |                   |             |  |  |  |
|--------------------------------------------|-------------------|-------------|--|--|--|
|                                            | December 31, 2019 |
| Undistributed ordinary income              | $                 | 2,959  |  |
| Other accumulated losses                   | (1,810)           |             |
|                                            |                   |
| Net unrealized depreciation on investments | (103,765)         |             |
| Total accumulated losses                   | $                 | (102,616)   |  |

----

|                                                            |  |                    |                 |                   |                 |                                       |                 |               |   |              |                 |                                       |                 |                 |  |   |                 |                 |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|--------------------|-----------------|-------------------|-----------------|---------------------------------------|-----------------|---------------|---|--------------|-----------------|---------------------------------------|-----------------|-----------------|--|---|-----------------|-----------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                            |  | September 30, 2020 |                 | December 31, 2019 |
|                                                            |  | Cost(1)            |                 | FairValue         |                 | Percentage ofInvestmentPortfolio |                 | Cost(1)       |   | FairValue    |                 | Percentage ofInvestmentPortfolio |
| Senior secured first lien debt                             |  | $                  | 1,297,754  |                   |                 | $                                     | 1,232,505  |               |   | 81.3    | %               |                                       | $               | 1,388,942  |  |   | $               | 1,351,767  |  |  | 77.9  | % |
| Senior secured second lien debt                            |  | 188,202       |                 |                   | 161,784    |                                       |                 | 10.7     | % |              | 264,280    |                                       |                 | 248,253    |  |   | 14.3       | %               |
| Collateralized securities and structured products - debt   |  | —       |                 |                   | —    |                                       |                 | —  |   |              | 7,212      |                                       |                 | 7,212      |  |   | 0.4        | %               |
| Collateralized securities and structured products - equity |  | 15,501        |                 |                   | 11,219     |                                       |                 | 0.7      | % |              | 16,476     |                                       |                 | 14,182     |  |   | 0.8        | %               |
| Unsecured debt                                             |  | 4,912         |                 |                   | 4,750      |                                       |                 | 0.3      | % |              | 4,901      |                                       |                 | 4,900      |  |   | 0.3        | %               |
| Equity                                                     |  | 130,058       |                 |                   | 106,623    |                                       |                 | 7.0      | % |              | 115,738    |                                       |                 | 109,231    |  |   | 6.3        | %               |
| Subtotal/total percentage                              |  | 1,636,427     |                 |                   | 1,516,881  |                                       |                 | 100.0    | % |              | 1,797,549  |                                       |                 | 1,735,545  |  |   | 100.0      | %               |
| Short term investments(2)                                  |  | 53,024        |                 |                   | 53,024     |                                       |                 |               |   | 29,527  |                 |                                       | 29,527     |                 |  |   |
| Total investments                                          |  | $                  | 1,689,451  |                   |                 | $                                     | 1,569,905  |               |   |              |                 | $                                     | 1,827,076  |                 |  | $ | 1,765,072  |                 |  |  |

|                                                            |  |                    |                 |           |                 |                                       |                 |             |   |            |   |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|--------------------|-----------------|-----------|-----------------|---------------------------------------|-----------------|-------------|---|------------|---|--|--|--|--|--|--|--|--|--|
|                                                            |  | September 30, 2019 |
|                                                            |  | Cost(1)            |                 | FairValue |                 | Percentage ofInvestmentPortfolio |
| Senior secured first lien debt                             |  | $                  | 1,473,789  |           |                 | $                                     | 1,417,752  |             |   | 80.9  | % |
| Senior secured second lien debt                            |  | 289,712       |                 |           | 268,656    |                                       |                 | 15.3   | % |
| Collateralized securities and structured products - debt   |  | 10,051        |                 |           | 9,950      |                                       |                 | 0.6    | % |
| Collateralized securities and structured products - equity |  | 16,503        |                 |           | 14,981     |                                       |                 | 0.9    | % |
|                                                            |  |                    |                 |           |                 |                                       |
| Equity                                                     |  | 52,363        |                 |           | 40,755     |                                       |                 | 2.3    | % |
| Subtotal/total percentage                              |  | 1,842,418     |                 |           | 1,752,094  |                                       |                 | 100.0  | % |
| Short term investments(2)                                  |  | 23,060        |                 |           | 23,060     |                                       |                 |             |
| Total investments                                          |  | $                  | 1,865,478  |           |                 | $                                     | 1,775,154  |             |   |            |

----

|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |            |                 |                 |   |               |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------|--|------------------------------------|-----------------|----------------------------------------|-------------|------------------------------------|--------------|----------------------------------------|-----------------|------------------------------------|-------------|----------------------------------------|------------|-----------------|-----------------|---|---------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                   |  | September 30, 2020                 |                 | December 31, 2019                      |             | September 30, 2019                 |
| Industry Classification                           |  | Investments atFair Value |                 | Percentage ofInvestment Portfolio |             | Investments atFair Value |              | Percentage ofInvestment Portfolio |                 | Investments atFair Value |             | Percentage ofInvestment Portfolio |
| Healthcare & Pharmaceuticals                  |  | $                                  | 295,679    |                                        |             | 19.4                          | %            |                                        | $               | 294,947                       |             |                                        | 17.0  | %               |                 | $ | 295,681  |   |  | 16.9  | % |
| Services: Business                            |  | 178,464                       |                 |                                        | 11.8   | %                                  |              | 191,126                           |                 |                                    | 11.0   | %                                      |            | 217,200    |                 |   | 12.4     | % |
| Chemicals, Plastics & Rubber                  |  | 126,763                       |                 |                                        | 8.4    | %                                  |              | 102,906                           |                 |                                    | 5.9    | %                                      |            | 90,544     |                 |   | 5.2      | % |
| Media: Diversified & Production           |  | 115,887                       |                 |                                        | 7.6    | %                                  |              | 206,159                           |                 |                                    | 11.9   | %                                      |            | 197,487    |                 |   | 11.3     | % |
| Media: Advertising, Printing & Publishing |  | 112,613                       |                 |                                        | 7.4    | %                                  |              | 120,810                           |                 |                                    | 7.0    | %                                      |            | 129,763    |                 |   | 7.4      | % |
| Services: Consumer                            |  | 84,331                        |                 |                                        | 5.6    | %                                  |              | 94,058                            |                 |                                    | 5.4    | %                                      |            | 116,852    |                 |   | 6.7      | % |
| Beverage, Food & Tobacco                      |  | 67,078                        |                 |                                        | 4.4    | %                                  |              | 68,440                            |                 |                                    | 3.9    | %                                      |            | 66,109     |                 |   | 3.8      | % |
| Telecommunications                                |  | 60,692                        |                 |                                        | 4.0    | %                                  |              | 61,577                            |                 |                                    | 3.6    | %                                      |            | 62,646     |                 |   | 3.6      | % |
| High Tech Industries                              |  | 60,559                        |                 |                                        | 4.0    | %                                  |              | 60,197                            |                 |                                    | 3.5    | %                                      |            | 63,732     |                 |   | 3.6      | % |
| Capital Equipment                                 |  | 58,190                        |                 |                                        | 3.8    | %                                  |              | 73,586                            |                 |                                    | 4.2    | %                                      |            | 76,414     |                 |   | 4.4      | % |
| Retail                                            |  | 53,583                        |                 |                                        | 3.5    | %                                  |              | 53,599                            |                 |                                    | 3.1    | %                                      |            | 60,649     |                 |   | 3.5      | % |
| Diversified Financials                            |  | 52,420                        |                 |                                        | 3.5    | %                                  |              | 66,897                            |                 |                                    | 3.9    | %                                      |            | 24,931     |                 |   | 1.4      | % |
| Banking, Finance, Insurance & Real Estate     |  | 41,323                        |                 |                                        | 2.7    | %                                  |              | 62,738                            |                 |                                    | 3.6    | %                                      |            | 63,562     |                 |   | 3.6      | % |
| Construction & Building                       |  | 38,719                        |                 |                                        | 2.6    | %                                  |              | 37,096                            |                 |                                    | 2.1    | %                                      |            | 33,026     |                 |   | 1.9      | % |
| Aerospace & Defense                           |  | 35,457                        |                 |                                        | 2.3    | %                                  |              | 30,378                            |                 |                                    | 1.8    | %                                      |            | 25,505     |                 |   | 1.4      | % |
| Energy: Oil & Gas                         |  | 31,173                        |                 |                                        | 2.1    | %                                  |              | 48,742                            |                 |                                    | 2.8    | %                                      |            | 49,513     |                 |   | 2.8      | % |
| Forest Products & Paper                       |  | 20,305                        |                 |                                        | 1.3    | %                                  |              | 24,217                            |                 |                                    | 1.4    | %                                      |            | 24,605     |                 |   | 1.4      | % |
| Consumer Goods: Non-Durable                   |  | 20,153                        |                 |                                        | 1.3    | %                                  |              | 33,609                            |                 |                                    | 1.9    | %                                      |            | 41,832     |                 |   | 2.4      | % |
| Hotel, Gaming & Leisure                       |  | 19,091                        |                 |                                        | 1.3    | %                                  |              | 25,081                            |                 |                                    | 1.4    | %                                      |            | 30,972     |                 |   | 1.8      | % |
| Transportation: Cargo                         |  | 19,048                        |                 |                                        | 1.3    | %                                  |              | 27,291                            |                 |                                    | 1.6    | %                                      |            | 31,407     |                 |   | 1.8      | % |
| Metals & Mining                               |  | 11,810                        |                 |                                        | 0.8    | %                                  |              | 10,373                            |                 |                                    | 0.6    | %                                      |            | 10,832     |                 |   | 0.6      | % |
| Automotive                                        |  | 9,873                         |                 |                                        | 0.7    | %                                  |              | 10,013                            |                 |                                    | 0.6    | %                                      |            | 8,021      |                 |   | 0.4      | % |
| Consumer Goods: Durable                       |  | 3,670                         |                 |                                        | 0.2    | %                                  |              | 31,705                            |                 |                                    | 1.8    | %                                      |            | 30,811     |                 |   | 1.7      | % |
|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |
|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |
|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |
|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |
| Subtotal/total percentage                     |  | 1,516,881                     |                 |                                        | 100.0  | %                                  |              | 1,735,545                         |                 |                                    | 100.0  | %                                      |            | 1,752,094  |                 |   | 100.0    | % |
| Short term investments                            |  | 53,024                        |                 |                                        |             |                                    | 29,527  |                                        |                 |                                    |             | 23,060                            |            |                 |                 |
| Total investments                                 |  | $                                  | 1,569,905  |                                        |             |                                    |              | $                                      | 1,765,072  |                                    |             |                                        |            | $               | 1,775,154  |   |               |   |

----

|                               |  |                                    |                 |                                        |               |                                    |              |                                        |                 |                                    |               |                                        |            |                 |                 |   |                 |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|--|------------------------------------|-----------------|----------------------------------------|---------------|------------------------------------|--------------|----------------------------------------|-----------------|------------------------------------|---------------|----------------------------------------|------------|-----------------|-----------------|---|-----------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                               |  | September 30, 2020                 |                 | December 31, 2019                      |               | September 30, 2019                 |
| Geographic Dispersion(1)      |  | Investments atFair Value |                 | Percentage ofInvestment Portfolio |               | Investments atFair Value |              | Percentage ofInvestment Portfolio |                 | Investments atFair Value |               | Percentage ofInvestment Portfolio |
| United States                 |  | $                                  | 1,456,847  |                                        |               | 96.1                          | %            |                                        | $               | 1,656,031                     |               |                                        | 95.4  | %               |                 | $ | 1,665,124  |   |  | 95.0  | % |
| Canada                        |  | 28,735                        |                 |                                        | 1.9      | %                                  |              | 27,648                            |                 |                                    | 1.7      | %                                      |            | 29,071     |                 |   | 1.7        | % |
| Cayman Islands                |  | 11,219                        |                 |                                        | 0.7      | %                                  |              | 14,182                            |                 |                                    | 0.8      | %                                      |            | 14,981     |                 |   | 0.9        | % |
| Luxembourg                    |  | 9,075                         |                 |                                        | 0.6      | %                                  |              | 10,693                            |                 |                                    | 0.6      | %                                      |            | 11,247     |                 |   | 0.6        | % |
| Netherlands                   |  | 7,304                         |                 |                                        | 0.5      | %                                  |              | 8,314                             |                 |                                    | 0.5      | %                                      |            | 8,081      |                 |   | 0.5        | % |
| Cyprus                        |  | 3,547                         |                 |                                        | 0.2      | %                                  |              | 4,155                             |                 |                                    | 0.2      | %                                      |            | 4,038      |                 |   | 0.2        | % |
| Bermuda                       |  | 154                           |                 |                                        | —  |                                    |              | 528                               |                 |                                    | —  |                                        |            | 653        |                 |   | —    |   |
| Germany                       |  | —                       |                 |                                        | —  |                                    |              | 7,212                             |                 |                                    | 0.4      | %                                      |            | 9,950      |                 |   | 0.6        | % |
| Marshall Islands              |  | —                       |                 |                                        | —  |                                    |              | 6,782                             |                 |                                    | 0.4      | %                                      |            | 8,949      |                 |   | 0.5        | % |
|                               |  |                                    |                 |                                        |               |                                    |              |                                        |                 |                                    |               |                                        |
|                               |  |                                    |                 |                                        |               |                                    |              |                                        |                 |                                    |               |                                        |
| Subtotal/total percentage |  | 1,516,881                     |                 |                                        | 100.0    | %                                  |              | 1,735,545                         |                 |                                    | 100.0    | %                                      |            | 1,752,094  |                 |   | 100.0      | % |
| Short term investments        |  | 53,024                        |                 |                                        |               |                                    | 29,527  |                                        |                 |                                    |               | 23,060                            |            |                 |                 |
| Total investments             |  | $                                  | 1,569,905  |                                        |               |                                    |              | $                                      | 1,765,072  |                                    |               |                                        |            | $               | 1,775,154  |   |                 |   |

----

|                                                                                  |  |               |  |                                                   |  |                           |             |                |              |            |              |             |              |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------|-------------|----------------|--------------|------------|--------------|-------------|--------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                                |  | Index Rate(a) |  | Industry                                          |  | Principal/ Par Amount |             | Amortized Cost |              | Fair Value |
| Senior Secured First Lien Debt                                                   |  |               |  |                                                   |  |                           |             |                |              |            |
| Anthem Sports and Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024 |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | $                         | 3,521  |                |              | $          | 3,492   |             |              | $ | 3,477  |  |
| Central Security Group, Inc., L+563, 1.00% LIBOR Floor, 10/6/2021        |  | 3 Month LIBOR |  | Services: Consumer                            |  | 4,961                |             |                | 4,870   |            |              | 3,467  |              |
| Coyote Buyer, LLC, L+600, 1.00% LIBOR Floor, 2/6/2026                    |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 4,975                |             |                | 4,930   |            |              | 4,950  |              |
| Extreme Reach, Inc., L+750, 1.50% LIBOR Floor, 3/29/2024                 |  | 1 Month LIBOR |  | Media: Diversified & Production           |  | 4,636                |             |                | 4,579   |            |              | 4,520  |              |
| Foundation Consumer Healthcare, LLC, L+600, 1.00% LIBOR Floor, 11/2/2023 |  | 3 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 4,712                |             |                | 4,712   |            |              | 4,712  |              |
| Genesis Healthcare, Inc., L+600, 0.50% LIBOR Floor, 3/6/2023             |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 5,000                |             |                | 4,926   |            |              | 4,863  |              |
| Geon Performance Solutions, LLC, L+625, 1.63% LIBOR Floor, 10/25/2024    |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 4,963                |             |                | 4,963   |            |              | 4,764  |              |
| Jab Wireless, Inc., L+800, 0.00% LIBOR Floor, 5/2/2023                   |  | 1 Month LIBOR |  | Telecommunications                                |  | 5,893                |             |                | 5,893   |            |              | 5,893  |              |
| Manna Pro Products, LLC, L+600, 1.00% LIBOR Floor, 12/8/2023             |  | 1 Month LIBOR |  | Retail                                            |  | 5,940                |             |                | 5,892   |            |              | 5,880  |              |
| NewsCycle Solutions, Inc., L+700, 1.00% LIBOR Floor, 12/29/2022          |  | 3 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 4,784                |             |                | 4,749   |            |              | 4,712  |              |
| Optio Rx, LLC, L+700, 0.00% LIBOR Floor, 6/28/2024                       |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 4,975                |             |                | 4,975   |            |              | 4,851  |              |
| PH Beauty Holdings III. Inc., L+500, 0.00% LIBOR Floor, 9/28/2025        |  | 2 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 4,949                |             |                | 4,714   |            |              | 4,628  |              |
| Pixelle Specialty Solutions LLC, L+650, 1.00% LIBOR Floor, 10/31/2024    |  | 1 Month LIBOR |  | Forest Products & Paper                       |  | 3,924                |             |                | 3,733   |            |              | 3,910  |              |
| Polymer Process Holdings, Inc., L+600, 0.00% LIBOR Floor, 5/1/2026       |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 4,950                |             |                | 4,884   |            |              | 4,777  |              |
| Tenere Inc., L+850, 1.00% LIBOR Floor, 5/5/2025                          |  | 3 Month LIBOR |  | Capital Equipment                                 |  | 6,000                |             |                | 6,000   |            |              | 6,000  |              |
| Woodstream Corp., L+625, 1.00% LIBOR Floor, 5/29/2022                    |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 4,956                |             |                | 4,939   |            |              | 4,956  |              |
| Total Senior Secured First Lien Debt                                             |  |               |  |                                                   |  |                           |             | 78,251    |              |            | 76,360  |             |
| Senior Secured Second Lien Debt                                                  |  |               |  |                                                   |  |                           |             |                |              |            |
| PetroChoice Holdings, Inc., L+875, 1.00% LIBOR Floor, 8/21/2023          |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 5,000                |             |                | 4,941   |            |              | 4,375  |              |
| Total Senior Secured Second Lien Debt                                            |  |               |  |                                                   |  |                           |             | 4,941     |              |            | 4,375   |             |
| Short Term Investments(b)                                                        |  |               |  |                                                   |  |                           |             |                |              |            |
| First American Treasury Obligations Fund, Class Z Shares, 0.04%(c)               |  |               |  |                                                   |  |                           |             | 3,546     |              |            | 3,546   |             |
| Total Short Term Investments                                                     |  |               |  |                                                   |  |                           |             | 3,546     |              |            | 3,546   |             |
| TOTAL INVESTMENTS                                                                |  |               |  |                                                   |  |                           |             | $              | 86,738  |            |              | $           | 84,281  |   |

----

|                                                                                    |  |               |  |                                                   |  |                           |             |                |              |            |              |             |              |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--|---------------|--|---------------------------------------------------|--|---------------------------|-------------|----------------|--------------|------------|--------------|-------------|--------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Portfolio Company                                                                  |  | Index Rate(a) |  | Industry                                          |  | Principal/ Par Amount |             | Amortized Cost |              | Fair Value |
| Senior Secured First Lien Debt                                                     |  |               |  |                                                   |  |                           |             |                |              |            |
| Allen Media, LLC, L+650, 1.00% LIBOR Floor, 8/30/2023                      |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | $                         | 5,920  |                |              | $          | 5,738   |             |              | $ | 5,979  |  |
| Analogic Corp., L+600, 1.00% LIBOR Floor, 6/21/2024                        |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 4,923                |             |                | 4,876   |            |              | 4,874  |              |
| Anthem Sports & Entertainment Inc., L+950, 1.00% LIBOR Floor, 9/9/2024 |  | 3 Month LIBOR |  | Media: Diversified & Production           |  | 3,978                |             |                | 3,939   |            |              | 3,938  |              |
| Cadence Aerospace, LLC, L+650, 1.00% LIBOR Floor, 11/14/2023               |  | 3 Month LIBOR |  | Aerospace & Defense                           |  | 4,987                |             |                | 4,892   |            |              | 4,937  |              |
| Central Security Group, Inc., L+563, 1.00% LIBOR Floor, 10/6/2021          |  | 1 Month LIBOR |  | Services: Consumer                            |  | 4,987                |             |                | 4,876   |            |              | 4,339  |              |
| CircusTrix Holdings, LLC, L+550, 1.00% LIBOR Floor, 12/16/2021             |  | 1 Month LIBOR |  | Hotel, Gaming & Leisure                       |  | 5,985                |             |                | 5,877   |            |              | 5,865  |              |
| Extreme Reach, Inc., L+750, 0.00% LIBOR Floor, 3/29/2024                   |  | 1 Month LIBOR |  | Media: Diversified & Production           |  | 4,909                |             |                | 4,839   |            |              | 4,885  |              |
| Genesis Healthcare, Inc., L+600, 0.50% LIBOR Floor, 3/6/2023               |  | 1 Month LIBOR |  | Healthcare & Pharmaceuticals                  |  | 5,000                |             |                | 4,905   |            |              | 4,913  |              |
| Jab Wireless, Inc., L+800, 0.00% LIBOR Floor, 5/2/2023                     |  | 1 Month LIBOR |  | Telecommunications                                |  | 6,000                |             |                | 6,000   |            |              | 6,000  |              |
| LAV Gear Holdings, Inc., L+550, 1.00% LIBOR Floor, 10/31/2024              |  | 3 Month LIBOR |  | Services: Business                            |  | 4,987                |             |                | 4,891   |            |              | 4,900  |              |
| Manna Pro Products, LLC, L+600, 0.00% LIBOR Floor, 12/8/2023               |  | 1 Month LIBOR |  | Retail                                            |  | 5,985                |             |                | 5,927   |            |              | 5,925  |              |
| NewsCycle Solutions, Inc., L+700, 1.00% LIBOR Floor, 12/29/2022            |  | 1 Month LIBOR |  | Media: Advertising, Printing & Publishing |  | 4,933                |             |                | 4,886   |            |              | 4,883  |              |
| PH Beauty Holdings III. Inc., L+500, 0.00% LIBOR Floor, 9/28/2025          |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 4,987                |             |                | 4,722   |            |              | 4,788  |              |
| Polymer Process Holdings, Inc., L+600, 0.00% LIBOR Floor, 5/1/2026         |  | 1 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 4,987                |             |                | 4,914   |            |              | 4,913  |              |
| Woodstream Corp., L+600, 1.00% LIBOR Floor, 5/29/2022                      |  | 1 Month LIBOR |  | Consumer Goods: Non-Durable                   |  | 5,000                |             |                | 4,976   |            |              | 5,000  |              |
| Total Senior Secured First Lien Debt                                               |  |               |  |                                                   |  |                           |             | 76,258    |              |            | 76,139  |             |
| Senior Secured Second Lien Debt                                                    |  |               |  |                                                   |  |                           |             |                |              |            |
| 1A Smart Start LLC, L+825, 1.00% LIBOR Floor, 8/21/2022                    |  | 1 Month LIBOR |  | High Tech Industries                              |  | 4,000                |             |                | 3,907   |            |              | 3,940  |              |
| ABG Intermediate Holdings 2 LLC, L+775, 1.00% LIBOR Floor, 9/29/2025       |  | 1 Month LIBOR |  | Retail                                            |  | 3,000                |             |                | 3,005   |            |              | 3,000  |              |
| PetroChoice Holdings, Inc., L+875, 1.00% LIBOR Floor, 8/21/2023            |  | 3 Month LIBOR |  | Chemicals, Plastics & Rubber                  |  | 5,000                |             |                | 4,928   |            |              | 4,800  |              |
| STG-Fairway Acquisitions, Inc., L+925, 1.00% LIBOR Floor, 6/30/2023        |  | 1 Month LIBOR |  | Services: Business                            |  | 5,000                |             |                | 4,809   |            |              | 5,000  |              |
| Total Senior Secured Second Lien Debt                                              |  |               |  |                                                   |  |                           |             | 16,649    |              |            | 16,740  |             |
| Short Term Investments(b)                                                          |  |               |  |                                                   |  |                           |             |                |              |            |
| First American Treasury Obligations Fund, Class Z Shares, 1.49%(c)                 |  |               |  |                                                   |  |                           |             | 2,757     |              |            | 2,757   |             |
| Total Short Term Investments                                                       |  |               |  |                                                   |  |                           |             | 2,757     |              |            | 2,757   |             |
| TOTAL INVESTMENTS                                                                  |  |               |  |                                                   |  |                           |             | $              | 95,664  |            |              | $           | 95,636  |   |

----

|                                                                                           |  |                    |              |                   |              |   |              |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|--|--------------------|--------------|-------------------|--------------|---|--------------|--|--|--|--|--|--|--|
| Selected Balance Sheet Information:                                                   |  | September 30, 2020 |              | December 31, 2019 |
| Investments, at fair value (amortized cost of $86,738 and $95,664, respectively)          |  | $                  | 84,281  |                   |              | $ | 95,636  |  |
| Cash and other assets                                                                     |  | 12            |              |                   | 363     |   |
| Receivable for investments sold and repaid                                                |  | 4,828         |              |                   | 80      |   |
| Interest receivable on investments                                                        |  | 935           |              |                   | 727     |   |
| Total assets                                                                              |  | $                  | 90,056  |                   |              | $ | 96,806  |  |
|                                                                                           |  |                    |              |                   |
| Credit facility (net of unamortized debt issuance costs of $945 and $1,123, respectively) |  | $                  | 55,305  |                   |              | $ | 59,579  |  |
| Other liabilities                                                                         |  | 2,122         |              |                   | 1,495   |   |
| Total liabilities                                                                         |  | 57,427        |              |                   | 61,074  |   |
| Members' capital                                                                          |  | 32,629        |              |                   | 35,732  |   |
| Total liabilities and members' capital                                                    |  | $                  | 90,056  |                   |              | $ | 96,806  |  |

|                                                                     |  |                                      |             |                                     |             |                                                                                    |             |               |  |   |             |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--------------------------------------|-------------|-------------------------------------|-------------|------------------------------------------------------------------------------------|-------------|---------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|
| Selected Statement of Operations Information:                   |  | Three Months EndedSeptember 30, 2020 |             | Nine Months EndedSeptember 30, 2020 |             | Period from October 2, 2019 (Commencement of Operations) through December 31, 2019 |             |               |
| Total revenues                                                      |  | $                                    | 1,922  |                                     |             | $                                                                                  | 6,512  |               |  | $ | 2,326  |  |  |  |
| Total expenses                                                      |  | 717                             |             |                                     | 2,492  |                                                                                    |             | 1,095    |  |   |             |
| Net realized loss on investments                                    |  | (336)                                |             |                                     | (673)       |                                                                                    |             | —  |  |   |             |
| Net change in unrealized appreciation (depreciation) on investments |  | 1,136                           |             |                                     | (2,428)     |                                                                                    |             | (28)          |  |   |             |
| Net increase in net assets                                          |  | $                                    | 2,005  |                                     |             | $                                                                                  | 919    |               |  | $ | 1,203  |  |  |  |
|                                                                     |  |                                      |             |                                     |             |                                                                                    |             |               |

|                       |  |                               |  |         |  |                    |               |                  |               |               |              |                      |  |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|--|-------------------------------|--|---------|--|--------------------|---------------|------------------|---------------|---------------|--------------|----------------------|--|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Financing Arrangement |  | Type of Financing Arrangement |  | Rate    |  | Amount Outstanding |               | Amount Available |               | Maturity Date |
| JPM Credit Facility   |  | Term Loan Credit Facility     |  | L+3.25% |  | $                  | 625,000  |                  |               | $             | 75,000  |                      |  | May 15, 2023 |
| UBS Facility          |  | Repurchase Agreement          |  | L+3.90% |  | 100,000       |               |                  | —  |               |              | November 19, 2020(1) |
|                       |  |                               |  |         |  |                    |               |                  |               |               |
|                       |  |                               |  |         |  | $                  | 725,000  |                  |               | $             | 75,000  |                      |  |              |

----

----

|                                          |  |                                 |               |                                |            |                         |               |             |   |      |               |   |  |            |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|---------------------------------|---------------|--------------------------------|------------|-------------------------|---------------|-------------|---|------|---------------|---|--|------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  | Three Months EndedSeptember 30, |               | Nine Months EndedSeptember 30, |            | Year Ended December 31, |
|                                          |  | 2020                            |               | 2019                           |            | 2020                    |               | 2019        |   | 2019 |
| Stated interest expense                  |  | $                               | 5,761    |                                |            | $                       | 3,446    |             |   | $    | 13,482   |   |  | $          | 10,529   |  |  | $ | 13,769   |  |
| Amortization of deferred financing costs |  | 537                        |               |                                | 154   |                         |               | 1,046  |   |      | 612      |   |  | 764   |               |
| Non-usage fee                            |  | 181                        |               |                                | 64    |                         |               | 318    |   |      | 190      |   |  | 253   |               |
| Total interest expense                   |  | $                               | 6,479    |                                |            | $                       | 3,664    |             |   | $    | 14,846   |   |  | $          | 11,331   |  |  | $ | 14,786   |  |
| Weighted average interest rate(1)        |  | 3.68                       | %             |                                | 5.49  | %                       |               | 4.03   | % |      | 5.65     | % |  | 5.53  | %             |
| Average borrowings                       |  | $                               | 629,338  |                                |            | $                       | 250,000  |             |   | $    | 448,842  |   |  | $          | 250,000  |  |  | $ | 250,000  |  |

----

|                                          |  |                                 |               |                                |            |                         |               |            |   |      |               |   |  |            |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|---------------------------------|---------------|--------------------------------|------------|-------------------------|---------------|------------|---|------|---------------|---|--|------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  | Three Months EndedSeptember 30, |               | Nine Months EndedSeptember 30, |            | Year Ended December 31, |
|                                          |  | 2020                            |               | 2019                           |            | 2020                    |               | 2019       |   | 2019 |
| Stated interest expense                  |  | $                               | 1,091    |                                |            | $                       | 2,988    |            |   | $    | 5,702    |   |  | $          | 9,138    |  |  | $ | 11,951   |  |
|                                          |  |                                 |               |                                |            |                         |               |            |   |      |
| Amortization of deferred financing costs |  | —                    |               |                                | 237   |                         |               | 359   |   |      | 703      |   |  | 940   |               |
| Total interest expense                   |  | $                               | 1,091    |                                |            | $                       | 3,225    |            |   | $    | 6,061    |   |  | $          | 9,841    |  |  | $ | 12,891   |  |
| Weighted average interest rate(1)        |  | 4.27                       | %             |                                | 5.85  | %                       |               | 4.97  | % |      | 6.02     | % |  | 5.89  | %             |
| Average borrowings                       |  | $                               | 100,000  |                                |            | $                       | 200,000  |            |   | $    | 150,730  |   |  | $          | 200,000  |  |  | $ | 200,000  |  |

----

|                                          |  |                                 |               |                                |            |                         |               |             |   |      |               |   |  |            |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|---------------------------------|---------------|--------------------------------|------------|-------------------------|---------------|-------------|---|------|---------------|---|--|------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  | Three Months EndedSeptember 30, |               | Nine Months EndedSeptember 30, |            | Year Ended December 31, |
|                                          |  | 2020                            |               | 2019                           |            | 2020                    |               | 2019        |   | 2019 |
| Stated interest expense                  |  | $                               | —  |                                |            | $                       | 3,526    |             |   | $    | 3,171    |   |  | $          | 10,129   |  |  | $ | 12,783   |  |
| Amortization of deferred financing costs |  | —                    |               |                                | 174   |                         |               | 1,551  |   |      | 508      |   |  | 682   |               |
| Non-usage fee                            |  | —                    |               |                                | 65    |                         |               | 288    |   |      | 282      |   |  | 467   |               |
| Total interest expense                   |  | $                               | —  |                                |            | $                       | 3,765    |             |   | $    | 5,010    |   |  | $          | 10,919   |  |  | $ | 13,932   |  |
| Weighted average interest rate(1)        |  | —                    |               |                                | 4.43  | %                       |               | 3.72   | % |      | 4.67     | % |  | 4.60  | %             |
| Average borrowings                       |  | $                               | —  |                                |            | $                       | 316,129  |             |   | $    | 122,069  |   |  | $          | 293,849  |  |  | $ | 283,681  |  |

----

|                                          |  |                                 |               |                                |            |                         |               |             |   |      |              |   |  |            |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|---------------------------------|---------------|--------------------------------|------------|-------------------------|---------------|-------------|---|------|--------------|---|--|------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                          |  | Three Months EndedSeptember 30, |               | Nine Months EndedSeptember 30, |            | Year Ended December 31, |
|                                          |  | 2020                            |               | 2019                           |            | 2020                    |               | 2019        |   | 2019 |
| Stated interest expense                  |  | $                               | —  |                                |            | $                       | 1,648    |             |   | $    | 1,928   |   |  | $          | 5,712    |  |  | $ | 7,173    |  |
| Amortization of deferred financing costs |  | —                    |               |                                | 130   |                         |               | 1,544  |   |      | 387     |   |  | 512   |               |
| Non-usage fee                            |  | —                    |               |                                | 61    |                         |               | 87     |   |      | 167     |   |  | 237   |               |
| Total interest expense                   |  | $                               | —  |                                |            | $                       | 1,839    |             |   | $    | 3,559   |   |  | $          | 6,266    |  |  | $ | 7,922    |  |
| Weighted average interest rate(1)        |  | —                    |               |                                | 5.66  | %                       |               | 4.50   | % |      | 5.76    | % |  | 5.65  | %             |
| Average borrowings                       |  | $                               | —  |                                |            | $                       | 118,043  |             |   | $    | 58,752  |   |  | $          | 134,560  |  |  | $ | 129,247  |  |

----

|                                                            |                       |               |                      |               |         |               |               |  |         |                 |         |  |               |                 |       |               |   |               |               |  |   |               |  |  |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|-----------------------|---------------|----------------------|---------------|---------|---------------|---------------|--|---------|-----------------|---------|--|---------------|-----------------|-------|---------------|---|---------------|---------------|--|---|---------------|--|--|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                            | September 30, 2020(1) |               | December 31, 2019(2) |
|                                                            | Level 1               |               | Level 2              |               | Level 3 |               | Total         |  | Level 1 |                 | Level 2 |  | Level 3       |                 | Total |
| Senior secured first lien debt                             | $                     | —  |                      |               | $       | —  |               |  | $       | 1,232,505  |         |  | $             | 1,232,505  |       |               | $ | —  |               |  | $ | —  |  |  | $ | 1,351,767  |  |  | $ | 1,351,767  |  |
| Senior secured second lien debt                            | —          |               |                      | —  |         |               | 161,784  |  |         | 161,784    |         |  | —  |                 |       | —  |   |               | 248,253  |  |   | 248,253  |  |
| Collateralized securities and structured products - debt   | —          |               |                      | —  |         |               | —  |  |         | —    |         |  | —  |                 |       | —  |   |               | 7,212    |  |   | 7,212    |  |
| Collateralized securities and structured products - equity | —          |               |                      | —  |         |               | 11,219   |  |         | 11,219     |         |  | —  |                 |       | —  |   |               | 14,182   |  |   | 14,182   |  |
| Unsecured debt                                             | —          |               |                      | —  |         |               | 4,750    |  |         | 4,750      |         |  | —  |                 |       | —  |   |               | 4,900    |  |   | 4,900    |  |
| Equity                                                     | 2,134            |               |                      | —  |         |               | 63,288   |  |         | 65,422     |         |  | 6,842    |                 |       | —  |   |               | 56,886   |  |   | 63,728   |  |
| Short term investments                                     | 53,024           |               |                      | —  |         |               | —  |  |         | 53,024     |         |  | 29,527   |                 |       | —  |   |               | —  |  |   | 29,527   |  |
|                                                            |                       |               |                      |               |         |               |               |  |         |                 |         |  |               |                 |       |
| Total Investments                                          | $                     | 55,158   |                      |               | $       | —  |               |  | $       | 1,473,546  |         |  | $             | 1,528,704  |       |               | $ | 36,369   |               |  | $ | —  |  |  | $ | 1,683,200  |  |  | $ | 1,719,569  |  |
|                                                            |                       |               |                      |               |         |               |               |  |         |                 |         |  |               |                 |       |
|                                                            |                       |               |                      |               |         |               |               |  |         |                 |         |  |               |                 |       |
|                                                            |                       |               |                      |               |         |               |               |  |         |                 |         |  |               |                 |       |
|                                                            |                       |               |                      |               |         |               |               |  |         |                 |         |  |               |                 |       |

|                                                            |                    |               |         |               |         |               |               |  |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--------------------|---------------|---------|---------------|---------|---------------|---------------|--|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                                            | September 30, 2019 |
|                                                            | Level 1            |               | Level 2 |               | Level 3 |               | Total         |
| Senior secured first lien debt                             | $                  | —  |         |               | $       | —  |               |  | $ | 1,417,752  |  |  | $ | 1,417,752  |  |
| Senior secured second lien debt                            | —       |               |         | —  |         |               | 268,656  |  |   | 268,656    |  |
| Collateralized securities and structured products - debt   | —       |               |         | —  |         |               | 9,950    |  |   | 9,950      |  |
| Collateralized securities and structured products - equity | —       |               |         | —  |         |               | 14,981   |  |   | 14,981     |  |
| Equity                                                     | 5,951         |               |         | —  |         |               | 34,804   |  |   | 40,755     |  |
| Short term investments                                     | 23,060        |               |         | —  |         |               | —  |  |   | 23,060     |  |
| Total Investments                                          | $                  | 29,011   |         |               | $       | —  |               |  | $ | 1,746,143  |  |  | $ | 1,775,154  |  |

|                                                                                                            |                                      |                 |                                 |             |   |               |                                                            |  |                |  |        |               |       |  |               |             |  |              |   |              |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------|--------------------------------------|-----------------|---------------------------------|-------------|---|---------------|------------------------------------------------------------|--|----------------|--|--------|---------------|-------|--|---------------|-------------|--|--------------|---|--------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                            | Three Months EndedSeptember 30, 2020 |
|                                                                                                            | Senior Secured First Lien Debt       |                 | Senior Secured Second Lien Debt |             |   |               | Collateralized Securities and Structured Products - Equity |  | Unsecured Debt |  | Equity |               | Total |
| Beginning balance, June 30, 2020                                                                           | $                                    | 1,238,256  |                                 |             | $ | 193,198  |                                                            |  |                |  | $      | 11,292   |       |  | $             | 4,800  |  |              | $ | 50,692  |  |  | $ | 1,498,238  |  |
| Investments purchased                                                                                      | 62,983                          |                 |                                 | 860    |   |               |                                                            |  | —   |  |        | —  |       |  | 12,206   |             |  | 76,049  |   |
| Net realized loss                                                                                          | (35,479)                             |                 |                                 | (7,059)     |   |               |                                                            |  | —   |  |        | —  |       |  | —  |             |  | (42,538)     |   |
| Net change in unrealized appreciation (depreciation)                                                       | 45,368                          |                 |                                 | 5,416  |   |               |                                                            |  | 299       |  |        | (53)          |       |  | 390      |             |  | 51,420  |   |
| Accretion of discount                                                                                      | 2,805                           |                 |                                 | 412    |   |               |                                                            |  | —   |  |        | 3        |       |  | —  |             |  | 3,220   |   |
| Sales and principal repayments(1)                                                                          | (81,428)                             |                 |                                 | (31,043)    |   |               |                                                            |  | (372)          |  |        | —  |       |  | —  |             |  | (112,843)    |   |
| Ending balance, September 30, 2020                                                                         | $                                    | 1,232,505  |                                 |             | $ | 161,784  |                                                            |  |                |  | $      | 11,219   |       |  | $             | 4,750  |  |              | $ | 63,288  |  |  | $ | 1,473,546  |  |
| Change in net unrealized appreciation (depreciation) on investments still held as of September 30, 2020(2) | $                                    | 17,032     |                                 |             | $ | (2,226)       |                                                            |  |                |  | $      | 299      |       |  | $             | (53)        |  |              | $ | 390     |  |  | $ | 15,442     |  |

----

|                                                                                                            |                                     |                 |                                 |             |                                                          |               |                                                            |  |                |               |        |  |               |              |  |               |   |             |               |  |   |              |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------|-------------------------------------|-----------------|---------------------------------|-------------|----------------------------------------------------------|---------------|------------------------------------------------------------|--|----------------|---------------|--------|--|---------------|--------------|--|---------------|---|-------------|---------------|--|---|--------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                            | Nine Months EndedSeptember 30, 2020 |
|                                                                                                            | Senior Secured First Lien Debt      |                 | Senior Secured Second Lien Debt |             | Collateralized Securities and Structured Products - Debt |               | Collateralized Securities and Structured Products - Equity |  | Unsecured Debt |               | Equity |  | Total         |
| Beginning balance, December 31, 2019                                                                       | $                                   | 1,351,767  |                                 |             | $                                                        | 248,253  |                                                            |  | $              | 7,212    |        |  | $             | 14,182  |  |               | $ | 4,900  |               |  | $ | 56,886  |  |  | $ | 1,683,200  |  |
| Investments purchased(1)                                                                                   | 299,595                        |                 |                                 | 1,772  |                                                          |               | —                                               |  |                | —  |        |  | —  |              |  | 20,923   |   |             | 322,290  |  |
| Net realized loss                                                                                          | (49,964)                            |                 |                                 | (7,060)     |                                                          |               | —                                               |  |                | —  |        |  | —  |              |  | —  |   |             | (57,024)      |  |
| Net change in unrealized depreciation                                                                      | (28,074)                            |                 |                                 | (10,391)    |                                                          |               | —                                               |  |                | (1,988)       |        |  | (161)         |              |  | (14,521)      |   |             | (55,135)      |  |
| Accretion of discount                                                                                      | 9,074                          |                 |                                 | 1,152  |                                                          |               | —                                               |  |                | —  |        |  | 11       |              |  | —  |   |             | 10,237   |  |
| Sales and principal repayments(1)                                                                          | (349,893)                           |                 |                                 | (71,942)    |                                                          |               | (7,212)                                                    |  |                | (975)         |        |  | —  |              |  | —  |   |             | (430,022)     |  |
| Ending balance, September 30, 2020                                                                         | $                                   | 1,232,505  |                                 |             | $                                                        | 161,784  |                                                            |  | $              | —  |        |  | $             | 11,219  |  |               | $ | 4,750  |               |  | $ | 63,288  |  |  | $ | 1,473,546  |  |
| Change in net unrealized (depreciation) appreciation on investments still held as of September 30, 2020(2) | $                                   | (43,104)        |                                 |             | $                                                        | (15,130)      |                                                            |  | $              | —  |        |  | $             | (1,988)      |  |               | $ | (161)       |               |  | $ | (14,521)     |  |  | $ | (74,904)        |  |

|                                                                                                            |                                      |                 |                                 |             |                                                          |               |                                                            |  |   |               |        |  |   |              |               |  |  |  |   |              |  |  |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------|--------------------------------------|-----------------|---------------------------------|-------------|----------------------------------------------------------|---------------|------------------------------------------------------------|--|---|---------------|--------|--|---|--------------|---------------|--|--|--|---|--------------|--|--|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                            | Three Months EndedSeptember 30, 2019 |
|                                                                                                            | Senior Secured First Lien Debt       |                 | Senior Secured Second Lien Debt |             | Collateralized Securities and Structured Products - Debt |               | Collateralized Securities and Structured Products - Equity |  |   |               | Equity |  |   |              | Total         |
| Beginning balance, June 30, 2019                                                                           | $                                    | 1,452,981  |                                 |             | $                                                        | 291,549  |                                                            |  | $ | 13,305   |        |  | $ | 15,414  |               |  |  |  | $ | 39,333  |  |  |  |  | $ | 1,812,582  |  |
| Investments purchased                                                                                      | 93,322                          |                 |                                 | 89     |                                                          |               | —                                               |  |   | —  |        |  |   |              | 1,931    |  |  |  |   | 95,342  |  |
| Net realized gain (loss)                                                                                   | 89                              |                 |                                 | 26     |                                                          |               | (426)                                                      |  |   | —  |        |  |   |              | —  |  |  |  |   | (311)        |  |
| Net change in unrealized (depreciation) appreciation                                                       | (17,454)                             |                 |                                 | 1,134  |                                                          |               | (1)                                                        |  |   | (337)         |        |  |   |              | (6,460)       |  |  |  |   | (23,118)     |  |
| Accretion of discount                                                                                      | 3,367                           |                 |                                 | 356    |                                                          |               | —                                               |  |   | —  |        |  |   |              | —  |  |  |  |   | 3,723   |  |
| Sales and principal repayments                                                                             | (114,553)                            |                 |                                 | (24,498)    |                                                          |               | (2,928)                                                    |  |   | (96)          |        |  |   |              | —  |  |  |  |   | (142,075)    |  |
| Ending balance, September 30, 2019                                                                         | $                                    | 1,417,752  |                                 |             | $                                                        | 268,656  |                                                            |  | $ | 9,950    |        |  | $ | 14,981  |               |  |  |  | $ | 34,804  |  |  |  |  | $ | 1,746,143  |  |
| Change in net unrealized (depreciation) appreciation on investments still held as of September 30, 2019(1) | $                                    | (15,950)        |                                 |             | $                                                        | 1,031    |                                                            |  | $ | (1)           |        |  | $ | (337)        |               |  |  |  | $ | (6,460)      |  |  |  |  | $ | (21,717)        |  |

----

|                                                                                                            |                                     |                 |                                 |              |                                                          |               |                                                            |  |   |               |        |  |   |              |               |  |  |  |   |               |  |  |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------|-------------------------------------|-----------------|---------------------------------|--------------|----------------------------------------------------------|---------------|------------------------------------------------------------|--|---|---------------|--------|--|---|--------------|---------------|--|--|--|---|---------------|--|--|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                            | Nine Months EndedSeptember 30, 2019 |
|                                                                                                            | Senior Secured First Lien Debt      |                 | Senior Secured Second Lien Debt |              | Collateralized Securities and Structured Products - Debt |               | Collateralized Securities and Structured Products - Equity |  |   |               | Equity |  |   |              | Total         |
| Beginning balance, December 31, 2018                                                                       | $                                   | 1,462,989  |                                 |              | $                                                        | 323,365  |                                                            |  | $ | 15,193   |        |  | $ | 14,827  |               |  |  |  | $ | 29,076   |  |  |  |  | $ | 1,845,450  |  |
| Investments purchased(1)                                                                                   | 366,000                        |                 |                                 | 14,769  |                                                          |               | —                                               |  |   | —  |        |  |   |              | 13,908   |  |  |  |   | 394,677  |  |
| Net realized (loss) gain                                                                                   | (2,893)                             |                 |                                 | 13      |                                                          |               | (475)                                                      |  |   | —  |        |  |   |              | (155)         |  |  |  |   | (3,510)       |  |
| Net change in unrealized (depreciation) appreciation                                                       | (26,992)                            |                 |                                 | (2,826)      |                                                          |               | (101)                                                      |  |   | 445      |        |  |   |              | (8,025)       |  |  |  |   | (37,499)      |  |
| Accretion of discount                                                                                      | 8,939                          |                 |                                 | 1,119   |                                                          |               | —                                               |  |   | —  |        |  |   |              | —  |  |  |  |   | 10,058   |  |
| Sales and principal repayments(1)                                                                          | (390,291)                           |                 |                                 | (67,784)     |                                                          |               | (4,667)                                                    |  |   | (291)         |        |  |   |              | —  |  |  |  |   | (463,033)     |  |
| Ending balance, September 30, 2019                                                                         | $                                   | 1,417,752  |                                 |              | $                                                        | 268,656  |                                                            |  | $ | 9,950    |        |  | $ | 14,981  |               |  |  |  | $ | 34,804   |  |  |  |  | $ | 1,746,143  |  |
| Change in net unrealized (depreciation) appreciation on investments still held as of September 30, 2019(2) | $                                   | (30,222)        |                                 |              | $                                                        | (2,949)       |                                                            |  | $ | (101)         |        |  | $ | 445     |               |  |  |  | $ | (8,025)       |  |  |  |  | $ | (40,852)        |  |

|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |         |         |        |       |       |       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|--------------------|-----------------|----------------------------------------|----------------------------|----------------------|---------------------|----------------|---------|---------------------|---------|---------|--------|-------|-------|-------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                            |  | September 30, 2020 |
|                                                            |  | Fair Value         |                 | Valuation Techniques/Methodologies |                            | UnobservableInputs   |                     | Range          |         | Weighted Average(1) |
| Senior secured first lien debt                             |  | $                  | 910,343    |                                        |                            | Discounted Cash Flow |                     | Discount Rates |         | 2.7%                |         | — |        | 36.2% |       | 10.6% |
|                                                            |  | 266,597       |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 32,592        |                 |                                        | Market Comparable Approach |                      | Revenue Multiple    |                | 1.83x   |                     | — |         | 2.50x  |       | 2.10x |
|                                                            |  | 22,623        |                 |                                        |                            | EBITDA Multiple      |                     | 1.88x          |         | —             |         | 9.00x   |        | 6.12x |
|                                                            |  | 350           |                 |                                        | Other(2)                   |                      | Other(2)            |                | N/A |                     | N/A |
| Senior secured second lien debt                            |  | 135,706       |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 8.6%    |                     | — |         | 17.8%  |       | 12.1% |
|                                                            |  | 18,933        |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 5,593         |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 3.75x   |                     | — |         | 7.00x  |       | 4.06x |
|                                                            |  | 1,552         |                 |                                        |                            | Revenue Multiple     |                     | 0.20x          |         | N/A             |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |
| Collateralized securities and structured products - equity |  | 11,219        |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 14.5%   |                     | — |         | 23.0%  |       | 16.0% |
| Unsecured debt                                             |  | 4,750         |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 16.5%   |                     | N/A |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |         |         |        |       |
| Equity                                                     |  | 32,895        |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 1.88x   |                     | — |         | 12.00x |       | 5.56x |
|                                                            |  | 7,822         |                 |                                        |                            | $ per kW             |                     | $264.50        |         | N/A             |
|                                                            |  | 7,336         |                 |                                        |                            | Revenue Multiple     |                     | 0.20x          |         | —             |         | 1.55x   |        | 1.23x |
|                                                            |  | 15,223        |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 21.49%  |                     | N/A |
|                                                            |  | 12            |                 |                                        | Options Pricing Model      |                      | Expected Volatility |                | 60.0%   |                     | — |         | 85.0%  |       | 85.0% |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |         |         |        |       |
| Total                                                      |  | $                  | 1,473,546  |                                        |                            |                      |                     |                |         |                     |         |         |        |       |       |       |

----

|                                                            |  |                   |                 |                                        |                            |                      |                     |                |         |                     |         |       |        |       |       |       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|-------------------|-----------------|----------------------------------------|----------------------------|----------------------|---------------------|----------------|---------|---------------------|---------|-------|--------|-------|-------|-------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                            |  | December 31, 2019 |
|                                                            |  | Fair Value        |                 | Valuation Techniques/Methodologies |                            | UnobservableInputs   |                     | Range          |         | Weighted Average(1) |
| Senior secured first lien debt                             |  | $                 | 1,115,676  |                                        |                            | Discounted Cash Flow |                     | Discount Rates |         | 5.0%                |         | -     |        | 24.7% |       | 10.0% |
|                                                            |  | 225,310      |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 7,591        |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 5.25x   |                     | -       |       | 9.00x  |       | 7.49x |
|                                                            |  |                   |                 |                                        |                            |                      |                     |                |         |                     |         |       |        |
|                                                            |  | 3,190        |                 |                                        | Other(2)                   |                      | Other(2)            |                | N/A |                     | N/A |
| Senior secured second lien debt                            |  | 139,363      |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 9.0%    |                     | -       |       | 14.9%  |       | 11.0% |
|                                                            |  | 107,816      |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 1,074        |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 5.25x   |                     | -       |       | 7.55x  |       | 7.55x |
| Collateralized securities and structured products - debt   |  | 7,212        |                 |                                        | Other(2)                   |                      | Other(2)            |                | N/A |                     | N/A |
| Collateralized securities and structured products - equity |  | 11,274       |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 12.5%   |                     | -       |       | 16.0%  |       | 13.0% |
|                                                            |  | 2,908        |                 |                                        | Other(2)                   |                      | Other(2)            |                | N/A |                     | N/A |
| Unsecured debt                                             |  | 4,900        |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 15.5%   |                     | N/A |
| Equity                                                     |  | 33,230       |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 4.50x   |                     | -       |       | 13.00x |       | 7.18x |
|                                                            |  | 9,456        |                 |                                        |                            | Revenue Multiple     |                     | 0.30x          |         | -                   |         | 3.50x |        | 0.77x |
|                                                            |  | 13,270       |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 21.6%   |                     | N/A |
|                                                            |  | 914          |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 16           |                 |                                        | Options Pricing Model      |                      | Expected Volatility |                | 60.0%   |                     | — |       | 92.0%  |       | 61.7% |
| Total                                                      |  | $                 | 1,683,200  |                                        |                            |                      |                     |                |         |                     |         |       |        |       |       |       |

|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |         |         |       |       |       |      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------|--|--------------------|-----------------|----------------------------------------|----------------------------|----------------------|---------------------|----------------|---------|---------------------|---------|---------|-------|-------|-------|------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                            |  | September 30, 2019 |
|                                                            |  | Fair Value         |                 | Valuation Techniques/Methodologies |                            | UnobservableInputs   |                     | Range          |         | Weighted Average(1) |
| Senior secured first lien debt                             |  | $                  | 984,871    |                                        |                            | Discounted Cash Flow |                     | Discount Rates |         | 5.0%                |         | — |       | 19.9% |       | 9.7% |
|                                                            |  | 388,241       |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 40,129        |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 3.50x   |                     | — |         | 9.00x |       | 5.74x |
|                                                            |  | 3,478         |                 |                                        |                            | Revenue Multiple     |                     | 0.60x          |         | N/A             |
|                                                            |  | 1,033         |                 |                                        | Other(2)                   |                      | Other(2)            |                | N/A |                     | N/A |
| Senior secured second lien debt                            |  | 151,841       |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 9.9%    |                     | — |         | 13.9% |       | 11.1% |
|                                                            |  | 115,765       |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  | 1,050         |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 7.62x   |                     | N/A |
| Collateralized securities and structured products - debt   |  | 9,950         |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 16.0%   |                     | N/A |
| Collateralized securities and structured products - equity |  | 14,981        |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 12.5%   |                     | — |         | 16.0% |       | 13.8% |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |         |         |       |       |
| Equity                                                     |  | 13,864        |                 |                                        | Market Comparable Approach |                      | EBITDA Multiple     |                | 5.50x   |                     | — |         | 9.75x |       | 8.28x |
|                                                            |  | 7,399         |                 |                                        |                            | Revenue Multiple     |                     | 0.30x          |         | —             |         | 4.00x   |       | 0.74x |
|                                                            |  | 12,637        |                 |                                        | Discounted Cash Flow       |                      | Discount Rates      |                | 12.1%   |                     | N/A |
|                                                            |  | 900           |                 |                                        | Options Pricing Model      |                      | Expected Volatility |                | 31.5%   |                     | — |         | 89.2% |       | 36.0% |
|                                                            |  | 4             |                 |                                        | Broker Quotes              |                      | Broker Quotes       |                | N/A |                     | N/A |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |
|                                                            |  |                    |                 |                                        |                            |                      |                     |                |         |                     |         |         |       |       |
| Total                                                      |  | $                  | 1,746,143  |                                        |                            |                      |                     |                |         |                     |         |         |       |       |       |      |

----

|                                          |                                 |             |                                |               |                         |             |               |  |      |             |  |  |             |             |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|---------------------------------|-------------|--------------------------------|---------------|-------------------------|-------------|---------------|--|------|-------------|--|--|-------------|-------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|
|                                          | Three Months EndedSeptember 30, |             | Nine Months EndedSeptember 30, |               | Year Ended December 31, |
|                                          | 2020                            |             | 2019                           |               | 2020                    |             | 2019          |  | 2019 |
| Professional fees                        | $                               | 198    |                                |               | $                       | 131    |               |  | $    | 1,108  |  |  | $           | 801    |  |  | $ | 996    |  |
| Transfer agent expense                   | 239                        |             |                                | 325      |                         |             | 894      |  |      | 928    |  |  | 1,289  |             |
| Valuation expense                        | 241                        |             |                                | 168      |                         |             | 802      |  |      | 510    |  |  | 722    |             |
| Accounting and administrative costs      | 224                        |             |                                | 191      |                         |             | 507      |  |      | 394    |  |  | 567    |             |
| Printing and marketing expense           | 241                        |             |                                | 17       |                         |             | 359      |  |      | 73     |  |  | 102    |             |
| Insurance expense                        | 131                        |             |                                | 108      |                         |             | 354      |  |      | 312    |  |  | 421    |             |
| Director fees and expenses               | 105                        |             |                                | 119      |                         |             | 334      |  |      | 359    |  |  | 472    |             |
| Dues and subscriptions                   | 124                        |             |                                | 82       |                         |             | 273      |  |      | 241    |  |  | 343    |             |
| Due diligence fees                       | —                    |             |                                | —  |                         |             | —  |  |      | 61     |  |  | 61     |             |
| Other expenses                           | 21                         |             |                                | 14       |                         |             | 78       |  |      | 62     |  |  | 84     |             |
| Total general and administrative expense | $                               | 1,524  |                                |               | $                       | 1,155  |               |  | $    | 4,709  |  |  | $           | 3,741  |  |  | $ | 5,057  |  |

----

|                                                     |  |                       |              |                      |               |                       |              |               |  |   |              |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--|-----------------------|--------------|----------------------|---------------|-----------------------|--------------|---------------|--|---|--------------|--|--|--|--|--|--|--|--|--|
| Unfunded Commitments                                |  | September 30, 2020(1) |              | December 31, 2019(1) |               | September 30, 2019(1) |
| Mimeo.com, Inc.                                     |  | $                     | 11,000  |                      |               | $                     | 11,500  |               |  | $ | 11,500  |  |
| West Dermatology Management Holdings, LLC           |  | 8,840            |              |                      | —  |                       |              | —  |  |
| Palmetto Solar, LLC                                 |  | 8,412            |              |                      | 19,142   |                       |              | —  |  |
| Independent Pet Partners Intermediate Holdings, LLC |  | 7,363            |              |                      | 7,852    |                       |              | 7,852    |  |
| Foundation Consumer Healthcare, LLC                 |  | 4,211            |              |                      | 4,211    |                       |              | 4,211    |  |
| CircusTrix Holdings, LLC                            |  | 2,898            |              |                      | 2,892    |                       |              | 4,904    |  |
| Instant Web, LLC                                    |  | 2,704            |              |                      | 2,704    |                       |              | 2,271    |  |
| Geon Performance Solutions, LLC                     |  | 2,586            |              |                      | 2,586    |                       |              | —  |  |
| Coyote Buyer, LLC                                   |  | 2,500            |              |                      | —  |                       |              | —  |  |
| BCP Great Lakes Fund LP                             |  | 2,110            |              |                      | 792      |                       |              | —  |  |
| AMCP Staffing Intermediate Holdings III, LLC        |  | 1,598            |              |                      | 1,059    |                       |              | —  |  |
| Anthem Sports & Entertainment Inc.              |  | 1,333            |              |                      | 1,333    |                       |              | 1,333    |  |
| Extreme Reach, Inc.                                 |  | 1,163            |              |                      | 1,744    |                       |              | 1,744    |  |
| Manna Pro Products, LLC                             |  | 1,096            |              |                      | 5,528    |                       |              | 5,528    |  |
| Moss Holding Company                                |  | 911              |              |                      | 2,232    |                       |              | 2,232    |  |
| LAV Gear Holdings, Inc.                             |  | 864              |              |                      | 864      |                       |              | —  |  |
| Volta Charging, LLC                                 |  | 750              |              |                      | 10,000   |                       |              | 12,000   |  |
| Country Fresh Holdings, LLC                         |  | 182              |              |                      | 327      |                       |              | 735      |  |
| Lift Brands, Inc.                                   |  | —          |              |                      | 3,950    |                       |              | 3,650    |  |
| Adapt Laser Acquisition, Inc.                       |  | —          |              |                      | 2,000    |                       |              | 2,000    |  |
| Adams Publishing Group, LLC                         |  | —          |              |                      | 1,600    |                       |              | 1,600    |  |
| Teladoc, Inc.                                       |  | —          |              |                      | 1,250    |                       |              | 1,250    |  |
| American Media, Inc.                                |  | —          |              |                      | 128      |                       |              | 128      |  |
| Deluxe Entertainment Services Group, Inc.           |  | —          |              |                      | —  |                       |              | 1,149    |  |
| Woodstream Corp.                                    |  | —          |              |                      | —  |                       |              | 559      |  |
| Spinal USA, Inc. / Precision Medical Inc.       |  | —          |              |                      | —  |                       |              | 239      |  |
| Total                                               |  | $                     | 60,521  |                      |               | $                     | 83,694  |               |  | $ | 64,885  |  |
|                                                     |  |                       |              |                      |               |                       |

----

|                                    |                                 |           |                                |               |                         |             |               |  |      |               |  |  |             |             |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------|---------------------------------|-----------|--------------------------------|---------------|-------------------------|-------------|---------------|--|------|---------------|--|--|-------------|-------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|
|                                    | Three Months EndedSeptember 30, |           | Nine Months EndedSeptember 30, |               | Year Ended December 31, |
|                                    | 2020                            |           | 2019                           |               | 2020                    |             | 2019          |  | 2019 |
| Amendment fees                     | $                               | 687  |                                |               | $                       | 1,381  |               |  | $    | 1,804    |  |  | $           | 1,825  |  |  | $ | 2,033  |  |
| Capital structuring and other fees | 86                         |           |                                | 711      |                         |             | 310      |  |      | 1,089    |  |  | 1,731  |             |
| Commitment fees                    | —                    |           |                                | —  |                         |             | —  |  |      | —  |  |  | 80     |             |
| Administrative agent fees          | —                    |           |                                | —  |                         |             | —  |  |      | —  |  |  | 55     |             |
| Total                              | $                               | 773  |                                |               | $                       | 2,092  |               |  | $    | 2,114    |  |  | $           | 2,914  |  |  | $ | 3,899  |  |

----

|                                                                      |  |                                |               |                         |                   |      |               |                   |   |   |               |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------|--|--------------------------------|---------------|-------------------------|-------------------|------|---------------|-------------------|---|---|---------------|--|--|--|--|--|--|--|--|--|
|                                                                      |  | Nine Months EndedSeptember 30, |               | Year Ended December 31, |
|                                                                      |  | 2020                           |               | 2019                    |                   | 2019 |
| Per share data:(1)                                               |  |                                |               |                         |                   |      |
| Net asset value at beginning of period                               |  | $                              | 8.40     |                         |                   | $    | 8.69     |                   |   | $ | 8.69     |  |
| Results of operations:                                           |  |                                |               |                         |                   |      |
| Net investment income                                                |  | 0.50                      |               |                         | 0.57         |      |               | 0.77         |   |
| Net realized and net change in unrealized losses(2)                  |  | (1.01)                         |               |                         | (0.37)            |      |               | (0.31)            |   |
|                                                                      |  |                                |               |                         |                   |      |
| Net (decrease) increase in net assets resulting from operations(2)   |  | (0.51)                         |               |                         | 0.20         |      |               | 0.46         |   |
| Shareholder distributions:                                       |  |                                |               |                         |                   |      |
| Distributions from net investment income                             |  | (0.27)                         |               |                         | (0.55)            |      |               | (0.75)            |   |
|                                                                      |  |                                |               |                         |                   |      |
|                                                                      |  |                                |               |                         |                   |      |
|                                                                      |  |                                |               |                         |                   |      |
| Net decrease in net assets from shareholders' distributions          |  | (0.27)                         |               |                         | (0.55)            |      |               | (0.75)            |   |
| Capital share transactions:                                      |  |                                |               |                         |                   |      |
| Issuance of common stock above net asset value(3)                    |  | —                   |               |                         | —      |      |               | —      |   |
| Repurchases of common stock(4)                                       |  | —                   |               |                         | —      |      |               | —      |   |
| Net increase in net assets resulting from capital share transactions |  | —                   |               |                         | —      |      |               | —      |   |
| Net asset value at end of period                                     |  | $                              | 7.62     |                         |                   | $    | 8.34     |                   |   | $ | 8.40     |  |
| Shares of common stock outstanding at end of period                  |  | 113,800,019               |               |                         | 113,381,782  |      |               | 113,381,145  |   |
| Total investment return-net asset value(5)                           |  | (6.12)                         | %             |                         | 2.29         | %    |               | 5.55         | % |
| Net assets at beginning of period                                    |  | $                              | 952,563  |                         |                   | $    | 979,271  |                   |   | $ | 979,271  |  |
| Net assets at end of period                                          |  | $                              | 867,219  |                         |                   | $    | 945,461  |                   |   | $ | 952,563  |  |
| Average net assets                                                   |  | $                              | 875,887  |                         |                   | $    | 974,988  |                   |   | $ | 967,323  |  |
| Ratio/Supplemental data:                                     |  |                                |               |                         |                   |      |
| Ratio of net investment income to average net assets(6)              |  | 6.51                      | %             |                         | 6.65         | %    |               | 9.03         | % |
| Ratio of gross operating expenses to average net assets(6)(7)        |  | 7.24                      | %             |                         | 8.78         | %    |               | 11.76        | % |
| Ratio of expenses to average net assets(6)                           |  | 7.24                      | %             |                         | 8.78         | %    |               | 11.76        | % |
|                                                                      |  |                                |               |                         |                   |      |
|                                                                      |  |                                |               |                         |                   |      |
| Portfolio turnover rate(8)                                           |  | 14.92                     | %             |                         | 21.03        | %    |               | 31.59        | % |
| Asset coverage ratio(9)                                              |  | 2.20                      |               |                         | 2.12         |      |               | 2.13         |   |

----

----

----

----

|                                                         |  |                                 |              |                         |               |      |              |              |  |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|---------------------------------|--------------|-------------------------|---------------|------|--------------|--------------|--|---|---------------|--|--|--|--|--|--|--|--|--|
|                                                         |  | Three Months EndedSeptember 30, |              | Year Ended December 31, |
| Net Investment Activity                                 |  | 2020                            |              | 2019                    |               | 2019 |
| Purchases and drawdowns                                 |  |                                 |              |                         |               |      |
|     Senior secured first lien debt  |  | $                               | 32,048  |                         |               | $    | 93,089  |              |  | $ | 527,869  |  |
|     Senior secured second lien debt |  | —                    |              |                         | —  |      |              | 28,049  |  |
|                                                         |  |                                 |              |                         |               |      |
|                                                         |  |                                 |              |                         |               |      |
|     Unsecured debt                  |  | —                    |              |                         | —  |      |              | 4,900   |  |
|     Equity                          |  | 4,082                      |              |                         | 1,275    |      |              | 74,511  |  |
| Sales and principal repayments                          |  | (77,154)                        |              |                         | (142,075)     |      |              | (740,234)    |  |
| Net portfolio activity                                  |  | $                               | (41,024)     |                         |               | $    | (47,711)     |              |  | $ | (104,905)     |  |

----

|                                                               |  |                     |                 |                       |                 |                                       |                 |             |   |            |   |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|---------------------|-----------------|-----------------------|-----------------|---------------------------------------|-----------------|-------------|---|------------|---|--|--|--|--|--|--|--|--|--|
|                                                               |  | September 30, 2020  |
|                                                               |  | Investments Cost(1) |                 | Investments FairValue |                 | Percentage ofInvestmentPortfolio |
| Senior secured first lien debt                                |  | $                   | 1,297,754  |                       |                 | $                                     | 1,232,505  |             |   | 81.3  | % |
| Senior secured second lien debt                               |  | 188,202        |                 |                       | 161,784    |                                       |                 | 10.7   | % |
|                                                               |  |                     |                 |                       |                 |                                       |
| Collateralized securities and structured products - equity    |  | 15,501         |                 |                       | 11,219     |                                       |                 | 0.7    | % |
| Unsecured debt                                                |  | 4,912          |                 |                       | 4,750      |                                       |                 | 0.3    | % |
| Equity                                                        |  | 130,058        |                 |                       | 106,623    |                                       |                 | 7.0    | % |
| Subtotal/total percentage                                 |  | 1,636,427      |                 |                       | 1,516,881  |                                       |                 | 100.0  | % |
| Short term investments(2)                                     |  | 53,024         |                 |                       | 53,024     |                                       |                 |             |
| Total investments                                             |  | $                   | 1,689,451  |                       |                 | $                                     | 1,569,905  |             |   |            |
| Number of portfolio companies                                 |  |                     |                 | 127              |                 |
| Average annual EBITDA of portfolio companies                  |  | $70.9 million       |
| Median annual EBITDA of portfolio companies                   |  | $53.2 million       |
| Purchased at a weighted average price of par                  |  |                     |                 |                       |                 | 97.20                            | %               |
| Gross annual portfolio yield based upon the purchase price(3) |  |                     |                 |                       |                 | 7.84                             | %               |

|                                                               |                     |                 |                       |                 |                                       |                 |             |   |            |   |  |  |  |  |  |  |  |
|---------------------------------------------------------------|---------------------|-----------------|-----------------------|-----------------|---------------------------------------|-----------------|-------------|---|------------|---|--|--|--|--|--|--|--|
|                                                               | December 31, 2019   |
|                                                               | Investments Cost(1) |                 | Investments FairValue |                 | Percentage ofInvestmentPortfolio |
| Senior secured first lien debt                                | $                   | 1,388,942  |                       |                 | $                                     | 1,351,767  |             |   | 77.9  | % |
| Senior secured second lien debt                               | 264,280        |                 |                       | 248,253    |                                       |                 | 14.3   | % |
| Collateralized securities and structured products - debt      | 7,212          |                 |                       | 7,212      |                                       |                 | 0.4    | % |
| Collateralized securities and structured products - equity    | 16,476         |                 |                       | 14,182     |                                       |                 | 0.8    | % |
| Unsecured debt                                                | 4,901          |                 |                       | 4,900      |                                       |                 | 0.3    | % |
| Equity                                                        | 115,738        |                 |                       | 109,231    |                                       |                 | 6.3    | % |
| Subtotal/total percentage                                 | 1,797,549      |                 |                       | 1,735,545  |                                       |                 | 100.0  | % |
| Short term investments(2)                                     | 29,527         |                 |                       | 29,527     |                                       |                 |        |
| Total investments                                             | $                   | 1,827,076  |                       |                 | $                                     | 1,765,072  |             |   |            |
| Number of portfolio companies                                 |                     |            |                       | 136        |                                       |
| Average annual EBITDA of portfolio companies                  |                     | $81.7 million   |
| Median annual EBITDA of portfolio companies                   |                     | $56.1 million   |
| Purchased at a weighted average price of par                  |                     | 97.68      | %                     |
| Gross annual portfolio yield based upon the purchase price(3) |                     | 9.33       | %                     |

----

|                                                               |  |                     |                 |                       |                 |                                       |                 |             |   |            |   |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|---------------------|-----------------|-----------------------|-----------------|---------------------------------------|-----------------|-------------|---|------------|---|--|--|--|--|--|--|--|--|--|
|                                                               |  | September 30, 2019  |
|                                                               |  | Investments Cost(1) |                 | Investments FairValue |                 | Percentage ofInvestmentPortfolio |
| Senior secured first lien debt                                |  | $                   | 1,473,789  |                       |                 | $                                     | 1,417,752  |             |   | 80.9  | % |
| Senior secured second lien debt                               |  | 289,712        |                 |                       | 268,656    |                                       |                 | 15.3   | % |
| Collateralized securities and structured products - debt      |  | 10,051         |                 |                       | 9,950      |                                       |                 | 0.6    | % |
| Collateralized securities and structured products - equity    |  | 16,503         |                 |                       | 14,981     |                                       |                 | 0.9    | % |
|                                                               |  |                     |                 |                       |                 |                                       |
| Equity                                                        |  | 52,363         |                 |                       | 40,755     |                                       |                 | 2.3    | % |
| Subtotal/total percentage                                 |  | 1,842,418      |                 |                       | 1,752,094  |                                       |                 | 100.0  | % |
| Short term investments(2)                                     |  | 23,060         |                 |                       | 23,060     |                                       |                 |             |
| Total investments                                             |  | $                   | 1,865,478  |                       |                 | $                                     | 1,775,154  |             |   |            |
| Number of portfolio companies                                 |  |                     |                 | 135              |                 |
| Average annual EBITDA of portfolio companies                  |  | $81.6 million       |
| Median annual EBITDA of portfolio companies                   |  | $56.0 million       |
| Purchased at a weighted average price of par                  |  |                     |                 |                       |                 | 96.63                            | %               |
| Gross annual portfolio yield based upon the purchase price(3) |  |                     |                 |                       |                 | 9.27                             | %               |

|                                    |  |                    |                 |                       |              |                                       |                 |                  |   |                       |              |                                       |   |                 |  |  |           |                 |  |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------|--|--------------------|-----------------|-----------------------|--------------|---------------------------------------|-----------------|------------------|---|-----------------------|--------------|---------------------------------------|---|-----------------|--|--|-----------|-----------------|--|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                    |  | September 30, 2020 |                 | December 31, 2019     |
| Interest Rate Allocation           |  | Investments Cost   |                 | Investments FairValue |              | Percentage ofInvestmentPortfolio |                 | Investments Cost |   | Investments FairValue |              | Percentage ofInvestmentPortfolio |
| Floating interest rate investments |  | $                  | 1,442,802  |                       |              | $                                     | 1,350,836  |                  |   | 89.1             | %            |                                       | $ | 1,648,380  |  |  | $         | 1,594,594  |  |  | 91.8   | % |
| Fixed interest rate investments    |  | 93,759        |                 |                       | 91,761  |                                       |                 | 6.0         | % |                       | 66,460  |                                       |   | 65,233     |  |  | 3.8  | %               |
| Non-income producing investments   |  | 65,733        |                 |                       | 43,922  |                                       |                 | 2.9         | % |                       | 51,887  |                                       |   | 45,213     |  |  | 2.6  | %               |
| Other income producing investments |  | 34,133        |                 |                       | 30,362  |                                       |                 | 2.0         | % |                       | 30,822  |                                       |   | 30,505     |  |  | 1.8  | %               |
| Total investments                  |  | $                  | 1,636,427  |                       |              | $                                     | 1,516,881  |                  |   | 100.0            | %            |                                       | $ | 1,797,549  |  |  | $         | 1,735,545  |  |  | 100.0  | % |

----

|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |            |                 |                 |   |               |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------|--|------------------------------------|-----------------|----------------------------------------|-------------|------------------------------------|--------------|----------------------------------------|-----------------|------------------------------------|-------------|----------------------------------------|------------|-----------------|-----------------|---|---------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                   |  | September 30, 2020                 |                 | December 31, 2019                      |             | September 30, 2019                 |
| Industry Classification                           |  | Investments atFair Value |                 | Percentage ofInvestment Portfolio |             | Investments atFair Value |              | Percentage ofInvestment Portfolio |                 | Investments atFair Value |             | Percentage ofInvestment Portfolio |
| Healthcare & Pharmaceuticals                  |  | $                                  | 295,679    |                                        |             | 19.4                          | %            |                                        | $               | 294,947                       |             |                                        | 17.0  | %               |                 | $ | 295,681  |   |  | 16.9  | % |
| Services: Business                            |  | 178,464                       |                 |                                        | 11.8   | %                                  |              | 191,126                           |                 |                                    | 11.0   | %                                      |            | 217,200    |                 |   | 12.4     | % |
| Chemicals, Plastics & Rubber                  |  | 126,763                       |                 |                                        | 8.4    | %                                  |              | 102,906                           |                 |                                    | 5.9    | %                                      |            | 90,544     |                 |   | 5.2      | % |
| Media: Diversified & Production           |  | 115,887                       |                 |                                        | 7.6    | %                                  |              | 206,159                           |                 |                                    | 11.9   | %                                      |            | 197,487    |                 |   | 11.3     | % |
| Media: Advertising, Printing & Publishing |  | 112,613                       |                 |                                        | 7.4    | %                                  |              | 120,810                           |                 |                                    | 7.0    | %                                      |            | 129,763    |                 |   | 7.4      | % |
| Services: Consumer                            |  | 84,331                        |                 |                                        | 5.6    | %                                  |              | 94,058                            |                 |                                    | 5.4    | %                                      |            | 116,852    |                 |   | 6.7      | % |
| Beverage, Food & Tobacco                      |  | 67,078                        |                 |                                        | 4.4    | %                                  |              | 68,440                            |                 |                                    | 3.9    | %                                      |            | 66,109     |                 |   | 3.8      | % |
| Telecommunications                                |  | 60,692                        |                 |                                        | 4.0    | %                                  |              | 61,577                            |                 |                                    | 3.6    | %                                      |            | 62,646     |                 |   | 3.6      | % |
| High Tech Industries                              |  | 60,559                        |                 |                                        | 4.0    | %                                  |              | 60,197                            |                 |                                    | 3.5    | %                                      |            | 63,732     |                 |   | 3.6      | % |
| Capital Equipment                                 |  | 58,190                        |                 |                                        | 3.8    | %                                  |              | 73,586                            |                 |                                    | 4.2    | %                                      |            | 76,414     |                 |   | 4.4      | % |
| Retail                                            |  | 53,583                        |                 |                                        | 3.5    | %                                  |              | 53,599                            |                 |                                    | 3.1    | %                                      |            | 60,649     |                 |   | 3.5      | % |
| Diversified Financials                            |  | 52,420                        |                 |                                        | 3.5    | %                                  |              | 66,897                            |                 |                                    | 3.9    | %                                      |            | 24,931     |                 |   | 1.4      | % |
| Banking, Finance, Insurance & Real Estate     |  | 41,323                        |                 |                                        | 2.7    | %                                  |              | 62,738                            |                 |                                    | 3.6    | %                                      |            | 63,562     |                 |   | 3.6      | % |
| Construction & Building                       |  | 38,719                        |                 |                                        | 2.6    | %                                  |              | 37,096                            |                 |                                    | 2.1    | %                                      |            | 33,026     |                 |   | 1.9      | % |
| Aerospace & Defense                           |  | 35,457                        |                 |                                        | 2.3    | %                                  |              | 30,378                            |                 |                                    | 1.8    | %                                      |            | 25,505     |                 |   | 1.4      | % |
| Energy: Oil & Gas                         |  | 31,173                        |                 |                                        | 2.1    | %                                  |              | 48,742                            |                 |                                    | 2.8    | %                                      |            | 49,513     |                 |   | 2.8      | % |
| Forest Products & Paper                       |  | 20,305                        |                 |                                        | 1.3    | %                                  |              | 24,217                            |                 |                                    | 1.4    | %                                      |            | 24,605     |                 |   | 1.4      | % |
| Consumer Goods: Non-Durable                   |  | 20,153                        |                 |                                        | 1.3    | %                                  |              | 33,609                            |                 |                                    | 1.9    | %                                      |            | 41,832     |                 |   | 2.4      | % |
| Hotel, Gaming & Leisure                       |  | 19,091                        |                 |                                        | 1.3    | %                                  |              | 25,081                            |                 |                                    | 1.4    | %                                      |            | 30,972     |                 |   | 1.8      | % |
| Transportation: Cargo                         |  | 19,048                        |                 |                                        | 1.3    | %                                  |              | 27,291                            |                 |                                    | 1.6    | %                                      |            | 31,407     |                 |   | 1.8      | % |
| Metals & Mining                               |  | 11,810                        |                 |                                        | 0.8    | %                                  |              | 10,373                            |                 |                                    | 0.6    | %                                      |            | 10,832     |                 |   | 0.6      | % |
| Automotive                                        |  | 9,873                         |                 |                                        | 0.7    | %                                  |              | 10,013                            |                 |                                    | 0.6    | %                                      |            | 8,021      |                 |   | 0.4      | % |
| Consumer Goods: Durable                       |  | 3,670                         |                 |                                        | 0.2    | %                                  |              | 31,705                            |                 |                                    | 1.8    | %                                      |            | 30,811     |                 |   | 1.7      | % |
|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |
|                                                   |  |                                    |                 |                                        |             |                                    |              |                                        |                 |                                    |             |                                        |
| Subtotal/total percentage                     |  | 1,516,881                     |                 |                                        | 100.0  | %                                  |              | 1,735,545                         |                 |                                    | 100.0  | %                                      |            | 1,752,094  |                 |   | 100.0    | % |
| Short term investments                            |  | 53,024                        |                 |                                        |             |                                    | 29,527  |                                        |                 |                                    |             | 23,060                            |            |                 |                 |
| Total investments                                 |  | $                                  | 1,569,905  |                                        |             |                                    |              | $                                      | 1,765,072  |                                    |             |                                        |            | $               | 1,775,154  |   |               |   |

----

|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                         |  |  |  |  |  |  |
|-------------------|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| Investment Rating |  | Description                                                                                                                                                                                                                                                                                                                                                                                             |
| 1                 |  | Indicates the least amount of risk to our initial cost basis. The trends and risk factors for this investment since origination or acquisition are generally favorable, which may include the performance of the portfolio company or a potential exit.                                                                                                                                                 |
| 2                 |  | Indicates a level of risk to our initial cost basis that is similar to the risk to our initial cost basis at the time of origination or acquisition. This portfolio company is generally performing in accordance with our analysis of its business and the full return of principal and interest or dividend is expected.                                                                              |
| 3                 |  | Indicates that the risk to our ability to recoup the cost of such investment has increased since origination or acquisition, but full return of principal and interest or dividend is expected. A portfolio company with an investment rating of 3 requires closer monitoring.                                                                                                                          |
| 4                 |  | Indicates that the risk to our ability to recoup the cost of such investment has increased significantly since origination or acquisition, including as a result of factors such as declining performance and noncompliance with debt covenants, and we expect some loss of interest, dividend or capital appreciation, but still expect an overall positive internal rate of return on the investment. |
| 5                 |  | Indicates that the risk to our ability to recoup the cost of such investment has increased materially since origination or acquisition and the portfolio company likely has materially declining performance. Loss of interest or dividend and some loss of principal investment is expected, which would result in an overall negative internal rate of return on the investment.                      |

|                   |  |                       |                 |                                   |            |                       |   |                                   |   |                       |            |                                   |             |                 |  |   |                 |   |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|--|-----------------------|-----------------|-----------------------------------|------------|-----------------------|---|-----------------------------------|---|-----------------------|------------|-----------------------------------|-------------|-----------------|--|---|-----------------|---|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                   |  | September 30, 2020    |                 | December 31, 2019                 |            | September 30, 2019    |
| Investment Rating |  | InvestmentsFair Value |                 | Percentage ofInvestment Portfolio |            | InvestmentsFair Value |   | Percentage ofInvestment Portfolio |   | InvestmentsFair Value |            | Percentage ofInvestment Portfolio |
| 1                 |  | $                     | 85,616     |                                   |            | 5.6              | % |                                   | $ | 154,264          |            |                                   | 8.9    | %               |  | $ | 79,811     |   |  | 4.6    | % |
| 2                 |  | 1,034,790        |                 |                                   | 68.2  | %                     |   | 1,278,576                    |   |                       | 73.7  | %                                 |             | 1,426,545  |  |   | 81.4       | % |
| 3                 |  | 333,188          |                 |                                   | 22.0  | %                     |   | 282,140                      |   |                       | 16.3  | %                                 |             | 207,893    |  |   | 11.9       | % |
| 4                 |  | 55,456           |                 |                                   | 3.7   | %                     |   | 16,463                       |   |                       | 0.9   | %                                 |             | 22,038     |  |   | 1.2        | % |
| 5                 |  | 7,831            |                 |                                   | 0.5   | %                     |   | 4,102                        |   |                       | 0.2   | %                                 |             | 15,807     |  |   | 0.9        | % |
|                   |  | $                     | 1,516,881  |                                   |            | 100.0            | % |                                   | $ | 1,735,545        |            |                                   | 100.0  | %               |  | $ | 1,752,094  |   |  | 100.0  | % |

----

|                                                               |  |               |  |                       |                 |                                       |             |            |   |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|---------------|--|-----------------------|-----------------|---------------------------------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|
|                                                               |  |               |  | Investments FairValue |                 | Percentage ofInvestmentPortfolio |
| Senior secured first lien debt                                |  |               |  | $                     | 1,176,261  |                                       |             | 81.6  | % |
| Senior secured second lien debt                               |  |               |  | 143,239          |                 |                                       | 9.9    | %          |
|                                                               |  |               |  |                       |                 |                                       |
| Collateralized securities and structured products - equity    |  |               |  | 11,220           |                 |                                       | 0.8    | %          |
| Unsecured Debt                                                |  |               |  | 4,750            |                 |                                       | 0.3    | %          |
| Equity                                                        |  |               |  | 105,811          |                 |                                       | 7.4    | %          |
| Subtotal/total percentage                                 |  |               |  | 1,441,281        |                 |                                       | 100.0  | %          |
| Short term investments(2)                                     |  |               |  | 143,745          |                 |                                       |             |
| Total investments                                             |  |               |  | $                     | 1,585,026  |                                       |             |            |
| Number of portfolio companies                                 |  |               |  | 120              |                 |
| Average annual EBITDA of portfolio companies                  |  | $69.4 million |
| Median annual EBITDA of portfolio companies                   |  | $54.6 million |
| Purchased at a weighted average price of par                  |  |               |  |                       |                 | 98.08                            | %           |
| Gross annual portfolio yield based upon the purchase price(2) |  |               |  |                       |                 | 7.83                             | %           |

|                                                                     |                                 |              |      |              |   |              |  |  |  |  |  |
|---------------------------------------------------------------------|---------------------------------|--------------|------|--------------|---|--------------|--|--|--|--|--|
|                                                                     | Three Months EndedSeptember 30, |
|                                                                     | 2020                            |              | 2019 |
| Investment income                                                   | $                               | 38,887  |      |              | $ | 49,775  |  |
| Net operating expenses                                              | 17,467                     |              |      | 28,113  |   |
| Net investment income                                               | 21,420                     |              |      | 21,662  |   |
| Net realized loss on investments and foreign currency               | (42,511)                        |              |      | (316)        |   |
| Net change in unrealized appreciation (depreciation) on investments | 52,178                     |              |      | (23,568)     |   |
|                                                                     |                                 |              |      |
|                                                                     |                                 |              |      |
| Net increase (decrease) in net assets from operations               | $                               | 31,087  |      |              | $ | (2,222)      |  |

----

|                                      |                                 |              |      |              |   |              |  |  |  |  |  |
|--------------------------------------|---------------------------------|--------------|------|--------------|---|--------------|--|--|--|--|--|
|                                      | Three Months EndedSeptember 30, |
|                                      | 2020                            |              | 2019 |
| Management fees                      | $                               | 7,780   |      |              | $ | 9,029   |  |
| Administrative services expense      | 593                        |              |      | 453     |   |
| Subordinated incentive fee on income | —                    |              |      | 4,983   |   |
| General and administrative           | 1,524                      |              |      | 1,155   |   |
| Interest expense                     | 7,570                      |              |      | 12,493  |   |
| Total operating expenses             | $                               | 17,467  |      |              | $ | 28,113  |  |

|                                          |                                 |             |      |           |   |             |  |  |  |  |  |
|------------------------------------------|---------------------------------|-------------|------|-----------|---|-------------|--|--|--|--|--|
|                                          | Three Months EndedSeptember 30, |
|                                          | 2020                            |             | 2019 |
| Valuation expense                        | $                               | 241    |      |           | $ | 168    |  |
| Printing and marketing expense           | 241                        |             |      | 17   |   |
| Transfer agent expense                   | 239                        |             |      | 325  |   |
| Accounting and administrative costs      | 224                        |             |      | 191  |   |
| Professional fees                        | 198                        |             |      | 131  |   |
| Insurance expense                        | 131                        |             |      | 108  |   |
| Dues and subscriptions                   | 124                        |             |      | 82   |   |
| Director fees and expenses               | 105                        |             |      | 119  |   |
|                                          |                                 |             |      |
| Other expenses                           | 21                         |             |      | 14   |   |
| Total general and administrative expense | $                               | 1,524  |      |           | $ | 1,155  |  |

----

|                                                       |                                |               |      |              |   |               |  |  |  |  |  |
|-------------------------------------------------------|--------------------------------|---------------|------|--------------|---|---------------|--|--|--|--|--|
|                                                       | Nine Months EndedSeptember 30, |
|                                                       | 2020                           |               | 2019 |
| Investment income                                     | $                              | 120,443  |      |              | $ | 150,465  |  |
| Net operating expenses                                | 63,446                    |               |      | 85,603  |   |
| Net investment income                                 | 56,997                    |               |      | 64,862  |   |
| Net realized loss on investments and foreign currency | (57,693)                       |               |      | (3,650)      |   |
| Net change in unrealized depreciation on investments  | (57,542)                       |               |      | (38,871)     |   |
|                                                       |                                |               |      |
|                                                       |                                |               |      |
| Net (decrease) increase in net assets from operations | $                              | (58,238)      |      |              | $ | 22,341   |  |

|                                      |                                |              |      |              |   |              |  |  |  |  |  |
|--------------------------------------|--------------------------------|--------------|------|--------------|---|--------------|--|--|--|--|--|
|                                      | Nine Months EndedSeptember 30, |
|                                      | 2020                           |              | 2019 |
| Management fees                      | $                              | 24,160  |      |              | $ | 27,597  |  |
| Administrative services expense      | 1,793                     |              |      | 1,433   |   |
| Subordinated incentive fee on income | 3,308                     |              |      | 14,475  |   |
| General and administrative           | 4,709                     |              |      | 3,741   |   |
| Interest expense                     | 29,476                    |              |      | 38,357  |   |
| Total operating expenses             | $                              | 63,446  |      |              | $ | 85,603  |  |

----

|                                          |                                |             |      |           |   |             |  |  |  |  |  |
|------------------------------------------|--------------------------------|-------------|------|-----------|---|-------------|--|--|--|--|--|
|                                          | Nine Months EndedSeptember 30, |
|                                          | 2020                           |             | 2019 |
| Professional fees                        | $                              | 1,108  |      |           | $ | 801    |  |
| Transfer agent expense                   | 894                       |             |      | 928  |   |
| Valuation expense                        | 802                       |             |      | 510  |   |
| Accounting and administrative costs      | 507                       |             |      | 394  |   |
| Printing and marketing expense           | 359                       |             |      | 73   |   |
| Insurance expense                        | 354                       |             |      | 312  |   |
| Director fees and expenses               | 334                       |             |      | 359  |   |
| Dues and subscriptions                   | 273                       |             |      | 241  |   |
| Due diligence fees                       | —                   |             |      | 61   |   |
| Other expenses                           | 78                        |             |      | 62   |   |
| Total general and administrative expense | $                              | 4,709  |      |           | $ | 3,741  |  |

----

----

----

----

----

|                                                                 |  |                                               |  |                                          |               |   |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|--|-----------------------------------------------|--|------------------------------------------|---------------|---|--|--|--|--|--|--|--|--|
| Basis Point Change in Interest Rates                            |  | (Decrease) Increase in Net Interest Income(1) |  | Percentage Change in Net Interest Income |
|                                                                 |  |                                               |  |                                          |
|                                                                 |  |                                               |  |                                          |
|                                                                 |  |                                               |  |                                          |
| No change to current base rate (0.31% as of September 30, 2020) |  | —                                  |  |                                          | —  |   |
| Up 50 basis points                                              |  | (2,048)                                       |  |                                          | (2.4)         | % |
| Up 100 basis points                                             |  | (1,520)                                       |  |                                          | (1.8)         | % |
| Up 200 basis points                                             |  | 4,025                                    |  |                                          | 4.7      | % |
| Up 300 basis points                                             |  | 10,023                                   |  |                                          | 11.6     | % |

----

----

|                                   |  |                                       |  |                                   |               |                                                                                                                     |  |                                                                                                            |               |  |               |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------|--|---------------------------------------|--|-----------------------------------|---------------|---------------------------------------------------------------------------------------------------------------------|--|------------------------------------------------------------------------------------------------------------|---------------|--|---------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Period                            |  | Total Number of Shares Purchased |  | Average Price Paid per Share |               | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs |  | Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs(1) |
| July 1 to July 31, 2020           |  | —                          |  |                                   | $             | —                                                                                                        |  |                                                                                                            | —  |  |               | —  |  |
| August 1 to August 31, 2020       |  | —                          |  |                                   | —  |                                                                                                                     |  | —                                                                                               |               |  | —  |               |
| September 1 to September 30, 2020 |  | —                          |  |                                   | —  |                                                                                                                     |  | —                                                                                               |               |  | —  |               |
| Total                             |  | —                          |  |                                   | $             | —                                                                                                        |  |                                                                                                            | —  |  |               | —  |  |

----

|               |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |  |  |  |  |  |
|---------------|--|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| ExhibitNumber |  | Description of Document                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 2.1           |  | Purchase and Sale Agreement, dated as of September 30, 2016, by and between Park South Funding, LLC and Credit Suisse Alternative Capital, LLC (Incorporated by reference to Exhibit 2.1 to Registrant’s Current Report on Form 8-K filed with the SEC on October 4, 2016 (File No. 814-00941)).                                                                                                                                                                        |
| 3.1           |  | Second Articles of Amendment and Restatement of the Articles of Incorporation of CĪON Investment Corporation (Incorporated by reference to Exhibit 3.1 to Registrant’s Current Report on Form 8-K filed with the SEC on August 27, 2012 (File No. 814-00941)).                                                                                                                                                                                                     |
| 3.2           |  | Bylaws of CĪON Investment Corporation (Incorporated by reference to Exhibit (B) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                                                                                                                                                                                                    |
| 4.1           |  | Form of Follow-On Subscription Agreement (Incorporated by reference to Appendix A to Final Prospectus on Form 497 filed with the SEC on September 25, 2018 (File No. 333-203683)).                                                                                                                                                                                                                                                                                            |
| 4.2           |  | Fifth Amended and Restated Distribution Reinvestment Plan of CĪON Investment Corporation (Incorporated by reference to Exhibit 4.1 to Registrant’s Current Report on Form 8-K filed with the SEC on December 8, 2016 (File No. 814-00941)).                                                                                                                                                                                                                        |
| 4.3           |  | Description of Registrant’s Securities (Incorporated by reference to Exhibit 4.3 to Registrant’s Annual Report on Form 10-K filed with the SEC on March 17, 2020 (File No. 814-00941)).Description of Registrant’s Securities (Incorporated by reference to Exhibit 4.3 to Registrant’s Annual Report on Form 10-K filed with the SEC on March 17, 2020 (File No. 814-00941)).                                                                        |
| 10.1          |  | Investment Advisory Agreement by and between CĪON Investment Corporation and CION Investment Management, LLC (Incorporated by reference to Exhibit (G)(1) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                                                                                                                          |
| 10.2          |  | Custody Agreement by and between CĪON Investment Corporation and U.S. Bank National Association (Incorporated by reference to Exhibit (J) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                                                                                                                                          |
| 10.3          |  | Escrow Agreement by and among CĪON Investment Corporation, UMB Bank, N.A., and ICON Securities Corp. (Incorporated by reference to Exhibit (K)(1) to Pre-Effective Amendment No. 4 to Registrant’s Registration Statement on Form N-2 filed with the SEC on June 29, 2012 (File No. 333-178646)).                                                                                                                                                                  |
| 10.4          |  | Second Amended and Restated Expense Support and Conditional Reimbursement Agreement, dated as of December 20, 2019, by and between CĪON Investment Corporation and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 26, 2019 (File No. 814-00941)).                                                                                                        |
| 10.5          |  | Amended and Restated Follow-On Dealer Manager Agreement, dated as of December 28, 2016, by and among CĪON Investment Corporation, CION Investment Management, LLC and CION Securities, LLC (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on January 4, 2017 (File No. 814-00941)).                                                                                                                      |
| 10.6          |  | Form of Follow-On Selected Dealer Agreement (Incorporated by reference to Exhibit (H)(4) to Registrant’s Registration Statement on Form N-2 filed with the SEC on April 28, 2015 (File No. 333-203683)).                                                                                                                                                                                                                                                                |
| 10.7          |  | Sale and Contribution Agreement, dated as of August 26, 2016, by and between 34th Street Funding, LLC and CĪON Investment Corporation (Incorporated by reference to Exhibit 10.2 to Registrant’s Current Report on Form 8-K filed with the SEC on September 1, 2016 (File No. 814-00941)).                                                                                                                                                               |
| 10.8          |  | Master Participation Agreement, dated as of August 26, 2016, by and between 34th Street Funding, LLC and CĪON Investment Corporation (Incorporated by reference to Exhibit 10.3 to Registrant’s Current Report on Form 8-K filed with the SEC on September 1, 2016 (File No. 814-00941)).                                                                                                                                                                |
| 10.9          |  | Amended and Restated Loan and Security Agreement, dated as of September 30, 2016, by and among 34th Street Funding, LLC, JPMorgan Chase Bank, National Association, U.S. Bank National Association and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on October 4, 2016 (File No. 814-00941)).                                                                     |
| 10.10         |  | Amended and Restated Portfolio Management Agreement, dated as of September 30, 2016, by and among 34th Street Funding, LLC, CION Investment Management, LLC and JPMorgan Chase Bank, National Association (Incorporated by reference to Exhibit 10.3 to Registrant’s Current Report on Form 8-K filed with the SEC on October 4, 2016 (File No. 814-00941)).                                                                                                  |
| 10.11         |  | Credit and Security Agreement, dated as of March 29, 2017, by and among Flatiron Funding II, LLC, CION Investment Management, LLC, CÎON Investment Corporation, Citibank, N.A. and U.S. Bank National Association (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on April 4, 2017 (File No. 814-00941)).                                                                                                 |
| 10.12         |  | Second Amendment, dated as of March 14, 2019, to Credit and Security Agreement, dated as of March 29, 2017, by and among Flatiron Funding II, LLC, CION Investment Management, LLC, CĪON Investment Corporation, the Lenders from time to time party thereto, Citibank, N.A. and U.S. Bank National Association. (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on March 18, 2019 (File No. 814-00941)). |

----

|               |  |                                                                                                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |
|---------------|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| ExhibitNumber |  | Description of Document                                                                                                                                                                                                                                                                                                                                                                        |
| 10.13         |  | Account Control Agreement, dated as of March 29, 2017, by and among Flatiron Funding II, LLC, CION Investment Management, LLC and U.S. Bank National Association (Incorporated by reference to Exhibit 10.2 to Registrant’s Current Report on Form 8-K filed with the SEC on April 4, 2017 (File No. 814-00941)).                                                                                  |
| 10.14         |  | Master Participation and Assignment Agreement, dated as of March 29, 2017, by and between 15th Street Loan Funding LLC and Flatiron Funding II, LLC (Incorporated by reference to Exhibit 10.3 to Registrant’s Current Report on Form 8-K filed with the SEC on April 4, 2017 (File No. 814-00941)).                                                                                               |
| 10.15         |  | Master Participation and Assignment Agreement, dated as of March 29, 2017, by and between 15th Street Loan Funding 2 LLC and Flatiron Funding II, LLC (Incorporated by reference to Exhibit 10.4 to Registrant’s Current Report on Form 8-K filed with the SEC on April 4, 2017 (File No. 814-00941)).                                                                                             |
| 10.16         |  | Contribution Agreement, dated as of May 19, 2017, by and among CĪON Investment Corporation, Murray Hill Funding, LLC and Murray Hill Funding II, LLC (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2017 (File No. 814-00941)).                                                                                          |
| 10.17         |  | Amended and Restated Indenture, dated as of December 1, 2017, by and between Murray Hill Funding II, LLC and U.S. Bank National Association (Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 7, 2017 (File No. 814-00941)).                                                                                                |
| 10.18         |  | Murray Hill Funding II, LLC Class A Notes Due 2027 (Incorporated by reference to Exhibit 10.3 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2017 (File No. 814-00941)).                                                                                                                                                                                                 |
| 10.19         |  | Contribution Agreement, dated as of May 19, 2017, by and among UBS AG, London Branch, Murray Hill Funding II, LLC, U.S. Bank National Association, Murray Hill Funding, LLC and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.4 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2017 (File No. 814-00941)).                                    |
| 10.20         |  | October 2000 Version Global Master Repurchase Agreement, by and between UBS AG and Murray Hill Funding, LLC, together with the related Annex and Master Confirmation thereto, each dated as of May 19, 2017 (Incorporated by reference to Exhibit 10.5 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2017 (File No. 814-00941)).                                        |
| 10.21         |  | Collateral Management Agreement, dated as of May 19, 2017, by and between CION Investment Management, LLC and Murray Hill Funding II, LLC (Incorporated by reference to Exhibit 10.6 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2017 (File No. 814-00941)).                                                                                                          |
| 10.22         |  | Collateral Administration Agreement, dated as of May 19, 2017, by and among Murray Hill Funding II, LLC, CION Investment Management, LLC and U.S. Bank National Association (Incorporated by reference to Exhibit 10.7 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2017 (File No. 814-00941)).                                                                        |
| 10.23         |  | Murray Hill Funding II, LLC Class A Notes Due 2027 (Incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 7, 2017 (File No. 814-00941)).                                                                                                                                                                                         |
| 10.24         |  | First Amended and Restated Master Confirmation, dated as of December 1, 2017, to the October 2000 Version Global Master Repurchase Agreement, dated as of May 19, 2017, by and between UBS AG, London Branch and Murray Hill Funding, LLC (Incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 7, 2017 (File No. 814-00941)).  |
| 10.25         |  | Loan and Servicing Agreement, dated as of December 19, 2017, by and among 33rd Street Funding, LLC, CION Investment Management, LLC, Morgan Stanley Asset Funding Inc., Morgan Stanley Bank, N.A. and U.S. Bank National Association (Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 22, 2017 (File No. 814-00941)). |
| 10.26         |  | Sale and Contribution Agreement, dated as of December 19, 2017, by and between 33rd Street Funding, LLC and CĪON Investment Corporation (Incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 22, 2017 (File No. 814-00941)).                                                                                         |
| 10.27         |  | Portfolio Management Agreement, dated as of December 19, 2017, by and between 33rd Street Funding, LLC and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed with the SEC on December 22, 2017 (File No. 814-00941)).                                                                                           |
| 10.28         |  | Administration Agreement, dated as of April 1, 2018, by and between CĪON Investment Corporation and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on April 3, 2018 (File No. 814-00941)).                                                                                                      |

----

|               |  |                                                                                                                                                                                                                                                                                                                                                                                                   |  |  |  |  |  |  |
|---------------|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| ExhibitNumber |  | Description of Document                                                                                                                                                                                                                                                                                                                                                                 |
| 10.29         |  | Third Amendment to Amended and Restated Loan Agreement, dated as of May 23, 2018, by and among 34th Street Funding, LLC, JPMorgan Chase Bank, National Association, U.S. Bank National Association and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on May 25, 2018 (File No. 814-00941)). |
| 10.30         |  | Second Amended and Restated Loan and Security Agreement, dated as of May 15, 2020, by and among 34th Street Funding, LLC, JPMorgan Chase Bank, National Association, U.S. Bank National Association and CION Investment Management, LLC (Incorporated by reference to Exhibit 10.1 to Registrant’s Current Report on Form 8-K filed with the SEC on May 21, 2020 (File No. 814-00941)).     |
| 10.31         |  | Second Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, dated as of May 19, 2020, by and between Murray Hill Funding, LLC and UBS AG (Incorporated by reference to Exhibit 10.2 to Registrant’s Current Report on Form 8-K filed with the SEC on May 21, 2020 (File No. 814-00941)).                                                                     |
| 31.1          |  | Rule 13a-14(a)/15d-14(a) Certification of Co-Chief Executive Officer.                                                                                                                                                                                                                                                                                                                         |
| 31.2          |  | Rule 13a-14(a)/15d-14(a) Certification of Co-Chief Executive Officer.                                                                                                                                                                                                                                                                                                                         |
| 31.3          |  | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.                                                                                                                                                                                                                                                                                                                            |
| 32.1          |  | Certification of Co-Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                               |
| 32.2          |  | Certification of Co-Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                               |
| 32.3          |  | Certification of Chief Financial Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                  |

----

|                                        |  |  |
|----------------------------------------|--|--|
| By: /s/ Michael A. Reisner |
| Michael A. Reisner                     |
| Co-Chief Executive Officer             |
| (Principal Executive Officer)          |

|                                |  |  |
|--------------------------------|--|--|
| By: /s/ Mark Gatto |
| Mark Gatto                     |
| Co-Chief Executive Officer     |
| (Principal Executive Officer)  |

|                                                                                              |  |  |
|----------------------------------------------------------------------------------------------|--|--|
| By: /s/ Keith S. Franz                                                           |
| Keith S. Franz                                                                               |
|         Chief Financial Officer                      |
|         (Principal Financial and Accounting Officer) |