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

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

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

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

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

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

|                                                                |        |                                                            |  |  |  |  |  |  |
|----------------------------------------------------------------|--------|------------------------------------------------------------|--|--|--|--|--|--|
| Maryland                                                       |   | 80-0789789                                                 |
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification Number)                    |
|                                                                |        |                                                            |
| One Vanderbilt Avenue, Suite 3400, New York, NY 10017          |        | (212) 813-4900                                             |
| (Address of principal executive office) (Zip Code)             |        | (Registrant’s telephone number, including area code) |

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

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

|                               |                   |                                           |  |  |  |  |  |  |
|-------------------------------|-------------------|-------------------------------------------|--|--|--|--|--|--|
| Title of Each Class           | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common stock, $0.01 par value | CGBD              | The Nasdaq Global Select Market           |

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

----

|               |                                                                                                                        |     |  |  |  |  |  |  |
|---------------|------------------------------------------------------------------------------------------------------------------------|-----|--|--|--|--|--|--|
|               |                                                                                                                        |     |
| Part I.  | Financial Information                                                                                                  |     |
| Item 1.  | Financial Statements                                                                                                   |     |
|               | Consolidated Statements of Assets and Liabilities as of March 31, 2022 (unaudited) and December 31, 2021               | 3   |
|               | Consolidated Statements of Operations for the three month periods ended March 31, 2022 and 2021 (unaudited)            | 4   |
|               | Consolidated Statements of Changes in Net Assets for the three month periods ended March 31, 2022 and 2021 (unaudited) | 5   |
|               | Consolidated Statements of Cash Flows for the three month periods ended March 31, 2022 and 2021 (unaudited)            | 6   |
|               | Consolidated Schedules of Investments as of March 31, 2022 (unaudited) and December 31, 2021                           | 7   |
|               | Notes to Consolidated Financial Statements (unaudited)                                                                 | 33  |
| Item 2.       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                            | 73  |
| Item 3.       | Quantitative and Qualitative Disclosures About Market Risk                                                             | 107 |
| Item 4.       | Controls and Procedures                                                                                                | 108 |
| Part II. | Other Information                                                                                                      |     |
| Item 1.       | Legal Proceedings                                                                                                      | 109 |
| Item 1A. | Risk Factors                                                                                                           | 109 |
| Item 2.       | Unregistered Sales of Equity Securities and Use of Proceeds                                                            | 109 |
| Item 3.       | Defaults Upon Senior Securities                                                                                        | 109 |
| Item 4.       | Mine Safety Disclosures                                                                                                | 109 |
| Item 5.       | Other Information                                                                                                      | 110 |
| Item 6.       | Exhibits                                                                                                               | 110 |
|               | Signatures                                                                                                             | 111 |

----

|                                                                                                                                                                                     |                 |                 |                   |                 |   |                 |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|-----------------|-------------------|-----------------|---|-----------------|--|--|--|--|--|
|                                                                                                                                                                                     | March 31, 2022  |                 | December 31, 2021 |
| ASSETS                                                                                                                                                                              | (unaudited)     |                 |              |
| Investments, at fair value                                                                                                                                                          |                 |                 |                   |
| Investments—non-controlled/non-affiliated, at fair value (amortized cost of $1,610,824 and $1,631,067, respectively)                                                      | $               | 1,576,247  |                   |                 | $ | 1,607,731  |  |
| Investments—non-controlled/affiliated, at fair value (amortized cost of $38,332 and $38,462, respectively)                                                                | 30,771     |                 |                   | 30,286     |   |
| Investments—controlled/affiliated, at fair value (amortized cost of $271,097 and $288,024, respectively)                                                                  | 266,165    |                 |                   | 275,035    |   |
| Total investments, at fair value (amortized cost of $1,920,253 and $1,957,553, respectively)                                                                                        | 1,873,183  |                 |                   | 1,913,052  |   |
| Cash, cash equivalents and restricted cash                                                                                                                                          | 69,512     |                 |                   | 93,074     |   |
|                                                                                                                                                                                     |                 |                 |                   |
| Receivable for investment sold/repaid                                                                                                                                           | 13,060     |                 |                   | 530        |   |
| Deferred financing costs                                                                                                                                                            | 2,882      |                 |                   | 3,066      |   |
| Interest receivable from non-controlled/non-affiliated investments                                                                                                              | 15,284     |                 |                   | 11,011     |   |
| Interest receivable from non-controlled/affiliated investments                                                                                                                  | 611        |                 |                   | 611        |   |
| Interest and dividend receivable from controlled/affiliated investments                                                                                                         | 9,212      |                 |                   | 8,522      |   |
| Prepaid expenses and other assets                                                                                                                                                   | 2,214      |                 |                   | 1,484      |   |
| Total assets                                                                                                                                                                        | $               | 1,985,958  |                   |                 | $ | 2,031,350  |  |
| LIABILITIES                                                                                                                                                                         |                 |                 |                   |
| Secured borrowings (Note 7)                                                                                                                                                         | $               | 359,679    |                   |                 | $ | 407,655    |  |
| 2015-1R Notes payable, net of unamortized debt issuance costs of $2,356 and $2,417, respectively (Note 8)                                                                           | 446,844    |                 |                   | 446,783    |   |
| Senior Notes, net of unamortized debt issuance costs of $382 and $416, respectively (Note 8)                                                                                        | 189,618    |                 |                   | 189,584    |   |
| Payable for investments purchased                                                                                                                                                   | 328        |                 |                   | 323        |   |
|                                                                                                                                                                                     |                 |                 |                   |
| Interest and credit facility fees payable (Notes 7 and 8)                                                                                                                           | 2,727      |                 |                   | 2,467      |   |
| Dividend payable (Note 10)                                                                                                                                                          | 21,035     |                 |                   | 20,705     |   |
| Base management and incentive fees payable (Note 4)                                                                                                                                 | 12,304     |                 |                   | 11,819     |   |
| Administrative service fees payable (Note 4)                                                                                                                                        | 825        |                 |                   | 482        |   |
| Other accrued expenses and liabilities                                                                                                                                              | 2,058      |                 |                   | 2,728      |   |
| Total liabilities                                                                                                                                                                   | 1,035,418  |                 |                   | 1,082,546  |   |
| Commitments and contingencies (Notes 9 and 12)                                                                                                                                      |                 |                 |                   |
| EQUITY                                                                                                                                                                              |                 |                 |                   |
| NET ASSETS                                                                                                                                                                          |                 |                 |                   |
| Cumulative convertible preferred stock, $0.01 par value; 2,000,000 and 2,000,000 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively         | 50,000     |                 |                   | 50,000     |   |
| Common stock, $0.01 par value; 198,000,000 shares authorized; 52,647,158 and 53,142,454 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively | 527        |                 |                   | 532        |   |
| Paid-in capital in excess of par value                                                                                                                                              | 1,045,424  |                 |                   | 1,052,427  |   |
| Offering costs                                                                                                                                                                      | (1,633)         |                 |                   | (1,633)         |   |
| Total distributable earnings (loss)                                                                                                                                                 | (143,778)       |                 |                   | (152,522)       |   |
| Total net assets                                                                                                                                                                    | $               | 950,540    |                   |                 | $ | 948,804    |  |
| NET ASSETS PER COMMON SHARE                                                                                                                                                         | $               | 17.11      |                   |                 | $ | 16.91      |  |

----

|                                                                                                     |                                                       |              |                |                  |   |              |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------|-------------------------------------------------------|--------------|----------------|------------------|---|--------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                | For the three month periods ended |              |                |
|                                                                                                | March 31, 2022                                        |              | March 31, 2021 |                  |   |              |  |
| Investment income:                                                                              |                                                       |              |                |                  |   |              |  |
| From non-controlled/non-affiliated investments:                                             |                                                       |              |                |                  |   |              |  |
| Interest income                                                                                     | $                                                     | 33,828  |                |                  | $ | 31,756  |  |  |  |  |  |
| Other income                                                                                        | 1,962                                            |              |                | 1,467       |   |              |  |  |  |
| Total investment income from non-controlled/non-affiliated investments                          | 35,790                                           |              |                | 33,223      |   |              |  |  |  |
| From non-controlled/affiliated investments:                                                 |                                                       |              |                |                  |   |              |  |
| Interest income                                                                                     | 48                                               |              |                | 38          |   |              |  |  |  |
| Other income                                                                                        | 2                                                |              |                | 3           |   |              |  |  |  |
| Total investment income from non-controlled/affiliated investments                              | 50                                               |              |                | 41          |   |              |  |  |  |
| From controlled/affiliated investments:                                                     |                                                       |              |                |                  |   |              |  |
| Interest income                                                                                     | 3,873                                            |              |                | 56          |   |              |  |  |  |
| Dividend income                                                                                     | 7,524                                            |              |                | 7,528       |   |              |  |  |  |
| Other income                                                                                        | 272                                              |              |                | —     |   |              |  |  |  |
| Total investment income from controlled/affiliated investments                                  | 11,669                                           |              |                | 7,584       |   |              |  |  |  |
| Total investment income                                                                             | 47,509                                           |              |                | 40,848      |   |              |  |  |  |
| Expenses:                                                                                       |                                                       |              |                |                  |   |              |  |
| Base management fees (Note 4)                                                                       | 7,050                                            |              |                | 6,800       |   |              |  |  |  |
| Incentive fees (Note 4)                                                                             | 5,228                                            |              |                | 4,257       |   |              |  |  |  |
| Professional fees                                                                                   | 783                                              |              |                | 691         |   |              |  |  |  |
| Administrative service fees (Note 4)                                                                | 406                                              |              |                | 282         |   |              |  |  |  |
| Interest expense (Notes 7 and 8)                                                                    | 7,099                                            |              |                | 6,975       |   |              |  |  |  |
| Credit facility fees (Note 7)                                                                       | 517                                              |              |                | 519         |   |              |  |  |  |
| Directors’ fees and expenses                                                                  | 160                                              |              |                | 116         |   |              |  |  |  |
| Other general and administrative                                                                    | 394                                              |              |                | 405         |   |              |  |  |  |
| Total expenses                                                                                      | 21,637                                           |              |                | 20,045      |   |              |  |  |  |
| Net investment income (loss) before taxes                                                           | 25,872                                           |              |                | 20,803      |   |              |  |  |  |
| Excise tax expense                                                                                  | 353                                              |              |                | 124         |   |              |  |  |  |
| Net investment income (loss)                                                                        | 25,519                                           |              |                | 20,679      |   |              |  |  |  |
| Net realized gain (loss) and net change in unrealized appreciation (depreciation):              |                                                       |              |                |                  |   |              |  |
| Net realized gain (loss) on investments:                                                        |                                                       |              |                |                  |   |              |  |
| Non-controlled/non-affiliated investments                                                       | 4,575                                            |              |                | 1,672       |   |              |  |  |  |
| Non-controlled/affiliated investments                                                           | —                                          |              |                | 1           |   |              |  |  |  |
| Controlled/affiliated investments                                                               | 1,264                                            |              |                | —     |   |              |  |  |  |
| Currency gains (losses) on non-investment assets and liabilities                                    | (368)                                                 |              |                | (82)             |   |              |  |  |  |
| Net change in unrealized appreciation (depreciation) on investments:                            |                                                       |              |                |                  |   |              |  |
| Non-controlled/non-affiliated investments                                                       | (11,243)                                              |              |                | 17,916      |   |              |  |  |  |
| Non-controlled/affiliated investments                                                           | 614                                              |              |                | 646         |   |              |  |  |  |
| Controlled/affiliated investments                                                               | 8,057                                            |              |                | (4,703)          |   |              |  |  |  |
| Net change in unrealized currency gains (losses) on non-investment assets and liabilities           | 2,265                                            |              |                | (225)            |   |              |  |  |  |
| Net realized and unrealized gain (loss) on investments and non-investment assets and liabilities    | 5,164                                            |              |                | 15,225      |   |              |  |  |  |
| Net increase (decrease) in net assets resulting from operations                                     | 30,683                                           |              |                | 35,904      |   |              |  |  |  |
| Preferred stock dividend                                                                            | 875                                              |              |                | 875         |   |              |  |  |  |
| Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders | $                                                     | 29,808  |                |                  | $ | 35,029  |  |  |  |  |  |
| Basic and diluted earnings per common share (Note 10)                                               |                                                       |              |                |                  |   |              |  |
| Basic                                                                                               | $                                                     | 0.56    |                |                  | $ | 0.64    |  |  |  |  |  |
| Diluted                                                                                             | $                                                     | 0.53    |                |                  | $ | 0.60    |  |  |  |  |  |
| Weighted-average shares of common stock outstanding (Note 10)                                       |                                                       |              |                |                  |   |              |  |
| Basic                                                                                               | 52,892,054                                       |              |                | 55,039,010  |   |              |  |  |  |
| Diluted                                                                                             | 58,194,422                                       |              |                | 60,306,312  |   |              |  |  |  |

----

|                                                                                           |                                   |               |                |               |   |               |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|-----------------------------------|---------------|----------------|---------------|---|---------------|--|--|--|--|--|
|                                                                                           | For the three month periods ended |
|                                                                                           | March 31, 2022                    |               | March 31, 2021 |
| Net increase (decrease) in net assets resulting from operations:                      |                                   |               |                |
| Net investment income (loss)                                                              | $                                 | 25,519   |                |               | $ | 20,679   |  |
| Net realized gain (loss)                                                                  | 5,471                        |               |                | 1,591    |   |
| Net change in unrealized appreciation (depreciation) on investments                       | (2,572)                           |               |                | 13,859   |   |
| Net change in unrealized currency gains (losses) on non-investment assets and liabilities | 2,265                        |               |                | (225)         |   |
| Net increase (decrease) in net assets resulting from operations                           | 30,683                       |               |                | 35,904   |   |
| Capital transactions:                                                                 |                                   |               |                |
|                                                                                           |                                   |               |                |
|                                                                                           |                                   |               |                |
|                                                                                           |                                   |               |                |
| Repurchase of common stock                                                                | (7,008)                           |               |                | (5,570)       |   |
| Dividends declared on preferred and common stock (Note 10)                                | (21,939)                          |               |                | (21,177)      |   |
| Net increase (decrease) in net assets resulting from capital share transactions           | (28,947)                          |               |                | (26,747)      |   |
| Net increase (decrease) in net assets                                                     | 1,736                        |               |                | 9,157    |   |
| Net Assets at beginning of period                                                         | 948,804                      |               |                | 901,363  |   |
| Net Assets at end of period                                                               | $                                 | 950,540  |                |               | $ | 910,520  |  |

----

|                                                                                                                                                      |                                   |              |                |               |   |              |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|--------------|----------------|---------------|---|--------------|--|--|--|--|--|
|                                                                                                                                                 | For the three month periods ended |
|                                                                                                                                                 | March 31, 2022                    |              | March 31, 2021 |
| Cash flows from operating activities:                                                                                                            |                                   |              |                |
| Net increase (decrease) in net assets resulting from operations                                                                                      | $                                 | 30,683  |                |               | $ | 35,904  |  |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: |                                   |              |                |
| Amortization of deferred financing costs                                                                                                             | 279                          |              |                | 253      |   |
| Net accretion of discount on investments                                                                                                             | (2,338)                           |              |                | (2,026)       |   |
| Paid-in-kind interest                                                                                                                                | (4,217)                           |              |                | (2,025)       |   |
| Net realized (gain) loss on investments                                                                                                              | (5,839)                           |              |                | (1,673)       |   |
| Net realized currency (gain) loss on non-investment assets and liabilities                                                                           | 368                          |              |                | 82       |   |
| Net change in unrealized (appreciation) depreciation on investments                                                                                  | 2,572                        |              |                | (13,859)      |   |
| Net change in unrealized currency (gains) losses on non-investment assets and liabilities                                                            | (2,265)                           |              |                | 225      |   |
| Cost of investments purchased and change in payable for investments purchased                                                                        | (110,079)                         |              |                | (134,935)     |   |
| Proceeds from sales and repayments of investments and change in receivable for investments sold/repaid                                           | 146,912                      |              |                | 153,722  |   |
| Changes in operating assets:                                                                                                                     |                                   |              |                |
| Interest receivable                                                                                                                                  | (4,273)                           |              |                | (726)         |   |
| Dividend receivable                                                                                                                                  | (690)                             |              |                | (1,044)       |   |
| Prepaid expenses and other assets                                                                                                                    | (730)                             |              |                | 3        |   |
| Changes in operating liabilities:                                                                                                                |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
| Interest and credit facility fees payable                                                                                                            | 260                          |              |                | (12)          |   |
| Base management and incentive fees payable                                                                                                           | 485                          |              |                | (502)         |   |
| Administrative service fees payable                                                                                                                  | 343                          |              |                | 117      |   |
| Other accrued expenses and liabilities                                                                                                               | (670)                             |              |                | (1,235)       |   |
| Net cash provided by (used in) operating activities                                                                                                  | 50,801                       |              |                | 32,269   |   |
| Cash flows from financing activities:                                                                                                            |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
| Repurchase of common stock                                                                                                                           | (7,008)                           |              |                | (5,570)       |   |
| Borrowings on SPV Credit Facility and Credit Facility                                                                                                | 58,500                       |              |                | 40,286   |   |
| Repayments of SPV Credit Facility and Credit Facility                                                                                                | (104,246)                         |              |                | (79,000)      |   |
|                                                                                                                                                      |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
| Debt issuance costs paid                                                                                                                             | —                      |              |                | (122)         |   |
| Dividends paid in cash                                                                                                                               | (21,609)                          |              |                | (20,789)      |   |
| Net cash provided by (used in) financing activities                                                                                                  | (74,363)                          |              |                | (65,195)      |   |
| Net increase (decrease) in cash, cash equivalents and restricted cash                                                                                | (23,562)                          |              |                | (32,926)      |   |
| Cash, cash equivalents, and restricted cash, beginning of period                                                                                     | 93,074                       |              |                | 68,419   |   |
| Cash, cash equivalents, and restricted cash, end of period                                                                                           | $                                 | 69,512  |                |               | $ | 35,493  |  |
| Supplemental disclosures:                                                                                                                        |                                   |              |                |
| Interest paid during the period                                                                                                                      | $                                 | 7,106   |                |               | $ | 6,915   |  |
| Taxes, including excise tax, paid during the period                                                                                                  | $                                 | 794     |                |               | $ | 626     |  |
| Dividends declared on preferred stock and common stock during the period                                                                             | $                                 | 21,939  |                |               | $ | 21,177  |  |
|                                                                                                                                                      |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |
|                                                                                                                                                      |                                   |              |                |

----

|                                                         |  |        |  |               |  |                                               |  |                                 |  |                        |  |                    |  |                    |  |                              |               |                         |              |                     |             |                 |             |   |             |               |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|---------------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|--------------------|--|------------------------------|---------------|-------------------------|--------------|---------------------|-------------|-----------------|-------------|---|-------------|---------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes     |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |               | Amortized Cost (4) |              | Fair Value (5) |             | % of Net Assets |
|                                                         |
| First Lien Debt (63.8% of fair value)                   |  |        |  |               |  |                                               |  |                                 |  |                        |  |                    |  |                    |  |                              |
| Advanced Web Technologies Holding Company               |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%                  |  | 12/17/2020 |  | 12/17/2026 |  | $                            | 9,383    |                         |              | $                   | 9,184  |                 |             | $ | 9,428  |               |  | 0.99  | % |
| Airnov, Inc.                                            |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.00%                       |  | 6.00%                  |  | 12/20/2019 |  | 12/19/2025 |  | 2,047                   |               |                         | 2,019   |                     |             | 2,045      |             |   | 0.21   |               |
| Allied Universal Holdco LLC                             |  | ^  |  | (2)(3)        |  | Business Services                             |  | L + 4.25%                       |  | 4.75%                  |  | 2/17/2021  |  | 7/10/2026  |  | 496                     |               |                         | 498     |                     |             | 488        |             |   | 0.05   |               |
| American Physician Partners, LLC                        |  | ^* |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 8.75%, 1.50% PIK            |  | 10.75%                 |  | 1/7/2019   |  | 4/8/2022   |  | 28,012                  |               |                         | 28,013  |                     |             | 28,013     |             |   | 2.95   |               |
| Analogic Corporation                                    |  | ^* |  | (2)(3)(14)    |  | Capital Equipment                             |  | L + 5.25%                       |  | 6.25%                  |  | 6/22/2018  |  | 6/22/2024  |  | 2,452                   |               |                         | 2,432   |                     |             | 2,403      |             |   | 0.25   |               |
| Applied Technical Services, LLC                         |  | ^  |  | (2)(3)(14)    |  | Business Services                             |  | L + 5.75%                       |  | 6.75%                  |  | 12/29/2020 |  | 12/29/2026 |  | 529                     |               |                         | 519     |                     |             | 529        |             |   | 0.06   |               |
| Appriss Health, LLC                                     |  | ^  |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 7.25%                       |  | 8.25%                  |  | 5/6/2021   |  | 5/6/2027   |  | 43,247                  |               |                         | 42,437  |                     |             | 42,448     |             |   | 4.47   |               |
| Apptio, Inc.                                            |  | ^  |  | (2)(3)(14)    |  | Software                                      |  | L + 7.25%                       |  | 8.25%                  |  | 1/10/2019  |  | 1/10/2025  |  | 6,131                   |               |                         | 6,051   |                     |             | 6,131      |             |   | 0.64   |               |
| Ascend Buyer, LLC                                       |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.50%                  |  | 9/30/2021  |  | 9/30/2028  |  | 12,806                  |               |                         | 12,546  |                     |             | 12,506     |             |   | 1.32   |               |
| Associations, Inc.                                      |  | ^  |  | (2)(3)(14)    |  | Construction & Building                   |  | L + 4.00%, 2.50% PIK            |  | 7.50%                  |  | 7/2/2021   |  | 7/2/2027   |  | 12,612                  |               |                         | 12,499  |                     |             | 12,284     |             |   | 1.29   |               |
| Aurora Lux FinCo S.Á.R.L. (Luxembourg)             |  | ^* |  | (2)(3)(7)     |  | Software                                      |  | L + 6.00%                       |  | 7.00%                  |  | 12/24/2019 |  | 12/24/2026 |  | 32,406                  |               |                         | 31,814  |                     |             | 29,408     |             |   | 3.09   |               |
| Barnes & Noble, Inc.                                |  | ^  |  | (2)(3)(11)    |  | Retail                                        |  | L + 6.50%                       |  | 9.31%                  |  | 8/7/2019   |  | 12/20/2026 |  | 28,572                  |               |                         | 27,563  |                     |             | 28,214     |             |   | 2.97   |               |
| BlueCat Networks, Inc. (Canada)                         |  | *      |  | (2)(3)(7)     |  | High Tech Industries                          |  | L + 6.25%                       |  | 7.25%                  |  | 10/30/2020 |  | 10/30/2026 |  | 11,439                  |               |                         | 11,248  |                     |             | 11,526     |             |   | 1.21   |               |
| BMS Holdings III Corp.                                  |  | ^  |  | (2)(3)(14)    |  | Construction & Building                   |  | L + 5.50%                       |  | 6.50%                  |  | 9/30/2019  |  | 9/30/2026  |  | —                 |               |                         | (171)        |                     |             | (140)           |             |   | (0.01)      |               |
| Bubbles Bidco S.P.A. (Italy)                            |  | ^  |  | (2)(3)(7)(14) |  | Consumer Goods: Non-Durable               |  | L + 9.25% (100% PIK)            |  | 9.25%                  |  | 10/20/2021 |  | 10/20/2028 |  | €                      | 4,700    |                         |              | 5,307          |             |                 | 4,996  |   |             | 0.53     |  |
| Bubbles Bidco S.P.A. (Italy)                            |  | ^  |  | (2)(3)(7)(14) |  | Consumer Goods: Non-Durable               |  | L + 6.25%                       |  | 6.25%                  |  | 10/20/2021 |  | 10/20/2028 |  | €                      | —  |                         |              | —        |             |                 | (30)        |   |             | —  |  |
| Captive Resources Midco, LLC                            |  | ^* |  | (2)(3)(14)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 6/30/2015  |  | 5/31/2027  |  | 10,223                  |               |                         | 10,111  |                     |             | 10,102     |             |   | 1.06   |               |
| Chartis Holding, LLC                                    |  | ^* |  | (2)(3)(14)    |  | Business Services                             |  | L + 5.50%                       |  | 6.60%                  |  | 5/1/2019   |  | 5/1/2025   |  | 692                     |               |                         | 682     |                     |             | 689        |             |   | 0.07   |               |
| Chemical Computing Group ULC (Canada)                   |  | ^* |  | (2)(3)(7)(14) |  | Software                                      |  | L + 4.50%                       |  | 5.50%                  |  | 8/30/2018  |  | 8/30/2024  |  | 465                     |               |                         | 464     |                     |             | 460        |             |   | 0.05   |               |
| Chudy Group, LLC                                        |  | ^  |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 5.75%                       |  | 6.75%                  |  | 6/30/2021  |  | 6/30/2027  |  | 823                     |               |                         | 810     |                     |             | 828        |             |   | 0.09   |               |
| CircusTrix Holdings, LLC                                |  | ^* |  | (2)(3)        |  | Hotel, Gaming & Leisure                   |  | L + 5.50%, 2.50% PIK            |  | 9.00%                  |  | 2/2/2018   |  | 1/16/2024  |  | 10,570                  |               |                         | 10,550  |                     |             | 9,719      |             |   | 1.02   |               |
| CircusTrix Holdings, LLC                                |  | ^  |  | (2)(3)        |  | Hotel, Gaming & Leisure                   |  | L + 5.50%, 2.50% PIK            |  | 9.00%                  |  | 1/8/2021   |  | 7/16/2023  |  | 700                     |               |                         | 643     |                     |             | 701        |             |   | 0.07   |               |
| Cobblestone Intermediate Holdco LLC                     |  | ^  |  | (2)(3)        |  | Consumer Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 1/29/2020  |  | 1/29/2026  |  | 721                     |               |                         | 716     |                     |             | 718        |             |   | 0.07   |               |
| Comar Holding Company, LLC                              |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%                  |  | 6/18/2018  |  | 6/18/2024  |  | 26,375                  |               |                         | 26,112  |                     |             | 25,510     |             |   | 2.68   |               |
| Cority Software Inc. (Canada)                           |  | ^* |  | (2)(3)(7)(14) |  | Software                                      |  | L + 5.00%                       |  | 6.00%                  |  | 7/2/2019   |  | 7/2/2026   |  | 10,489                  |               |                         | 10,309  |                     |             | 10,447     |             |   | 1.10   |               |
| Cority Software Inc. (Canada)                           |  | ^  |  | (2)(3)(7)     |  | Software                                      |  | L + 7.00%                       |  | 8.00%                  |  | 9/3/2020   |  | 7/2/2026   |  | 1,874                   |               |                         | 1,830   |                     |             | 1,890      |             |   | 0.20   |               |
| DCA Investment Holding LLC                              |  | ^* |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | SOFR + 6.00%                    |  | 6.75%                  |  | 3/11/2021  |  | 4/3/2028   |  | 13,328                  |               |                         | 13,153  |                     |             | 13,136     |             |   | 1.38   |               |

----

|                                                         |  |        |  |                |  |                                               |  |                                 |  |                        |  |                    |  |                    |  |                              |              |                         |              |                     |              |                 |              |   |              |            |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|----------------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|--------------------|--|------------------------------|--------------|-------------------------|--------------|---------------------|--------------|-----------------|--------------|---|--------------|------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes      |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |              | Amortized Cost (4) |              | Fair Value (5) |              | % of Net Assets |
|                                                         |
| Derm Growth Partners III, LLC                           |  | ^  |  | (2)(3)(8)      |  | Healthcare & Pharmaceuticals              |  | L + 6.25%                       |  | 7.25%                  |  | 5/31/2016  |  | 5/31/2022  |  | $                            | 55,807  |                         |              | $                   | 50,994  |                 |              | $ | 41,077  |            |  | 4.32  | % |
| DermaRite Industries, LLC                               |  | ^* |  | (2)(3)         |  | Healthcare & Pharmaceuticals              |  | L + 7.00% (100% PIK)            |  | 8.00%                  |  | 3/3/2017   |  | 6/30/2023  |  | 20,357                  |              |                         | 20,357  |                     |              | 16,894     |              |   | 1.78    |            |
| Diligent Corporation                                    |  | ^  |  | (2)(3)(14)     |  | Telecommunications                            |  | L + 6.25%                       |  | 7.25%                  |  | 8/4/2020   |  | 8/4/2025   |  | 650                     |              |                         | 636     |                     |              | 647        |              |   | 0.07    |            |
| DTI Holdco, Inc.                                        |  | ^  |  | (2)(3)         |  | High Tech Industries                          |  | L + 4.75%                       |  | 5.75%                  |  | 12/18/2018 |  | 9/30/2023  |  | 1,928                   |              |                         | 1,885   |                     |              | 1,896      |              |   | 0.20    |            |
| Dwyer Instruments, Inc                                  |  | ^* |  | (2)(3)(14)     |  | Capital Equipment                             |  | L + 5.50%                       |  | 6.50%                  |  | 7/21/2021  |  | 7/21/2027  |  | 2,271                   |              |                         | 2,207   |                     |              | 2,260      |              |   | 0.24    |            |
| Ellkay, LLC                                             |  | ^  |  | (2)(3)(14)     |  | Healthcare & Pharmaceuticals              |  | L + 5.75%                       |  | 6.75%                  |  | 9/14/2021  |  | 9/14/2027  |  | 14,214                  |              |                         | 13,922  |                     |              | 13,883     |              |   | 1.46    |            |
| Emergency Communications Network, LLC                   |  | ^* |  | (2)(3)         |  | Telecommunications                            |  | L + 2.625%, 5.125% PIK          |  | 8.75%                  |  | 6/1/2017   |  | 6/1/2023   |  | 25,537                  |              |                         | 25,487  |                     |              | 22,144     |              |   | 2.33    |            |
| EPS Nass Parent, Inc.                                   |  | ^  |  | (2)(3)(14)     |  | Utilities: Electric                       |  | L + 5.75%                       |  | 6.75%                  |  | 4/19/2021  |  | 4/19/2028  |  | 890                     |              |                         | 873     |                     |              | 878        |              |   | 0.09    |            |
| Ethos Veterinary Health LLC                             |  | ^  |  | (2)(3)         |  | Consumer Services                             |  | L + 4.75%                       |  | 5.21%                  |  | 5/17/2019  |  | 5/15/2026  |  | 2,579                   |              |                         | 2,563   |                     |              | 2,579      |              |   | 0.27    |            |
| EvolveIP, LLC                                           |  | ^* |  | (2)(3)(14)(15) |  | Telecommunications                            |  | SOFR + 5.50%                    |  | 6.50%                  |  | 11/26/2019 |  | 6/7/2025   |  | 5,455                   |              |                         | 5,447   |                     |              | 5,441      |              |   | 0.57    |            |
| Flagship Intermediate Holdco, LLC                       |  | ^* |  | (2)(3)(14)(15) |  | Consumer Services                             |  | SOFR + 5.50%                    |  | 6.50%                  |  | 2/18/2022  |  | 2/18/2028  |  | 12,155                  |              |                         | 11,445  |                     |              | 11,432     |              |   | 1.20    |            |
| Frontline Technologies Holdings, LLC                    |  | ^* |  | (2)(3)         |  | Software                                      |  | L + 5.25%                       |  | 6.25%                  |  | 9/18/2017  |  | 9/18/2023  |  | 3,060                   |              |                         | 3,050   |                     |              | 3,057      |              |   | 0.32    |            |
| Greenhouse Software, Inc.                               |  | ^  |  | (2)(3)(14)     |  | Software                                      |  | L + 6.50%                       |  | 7.50%                  |  | 3/1/2021   |  | 3/1/2027   |  | 15,196                  |              |                         | 14,870  |                     |              | 14,740     |              |   | 1.55    |            |
| Hadrian Acquisition Limited (United Kingdom)            |  | ^  |  | (2)(3)         |  | Banking, Finance, Insurance & Real Estate |  | SONIA + 5.26%, 3.47% PIK        |  | 9.48%                  |  | 2/28/2022  |  | 2/28/2029  |  | £                       | 14,259  |                         |              | 18,559         |              |                 | 17,790  |   |              | 1.87  |  |
| Hadrian Acquisition Limited (United Kingdom)            |  | ^  |  | (2)(3)(14)     |  | Banking, Finance, Insurance & Real Estate |  | SONIA + 5.00%, 2.75% PIK        |  | 8.50%                  |  | 2/28/2022  |  | 2/28/2029  |  | £                       | 413     |                         |              | 330            |              |                 | 407     |   |              | 0.04  |  |
| Harbour Benefit Holdings, Inc.                          |  | ^* |  | (2)(3)(14)     |  | Business Services                             |  | L + 5.25%                       |  | 6.25%                  |  | 12/13/2017 |  | 12/13/2024 |  | 8,358                   |              |                         | 8,293   |                     |              | 8,342      |              |   | 0.88    |            |
| Heartland Home Services, Inc                            |  | ^* |  | (2)(3)(14)     |  | Consumer Services                             |  | L + 6.00%                       |  | 7.00%                  |  | 12/15/2020 |  | 12/15/2026 |  | 13,904                  |              |                         | 13,549  |                     |              | 13,624     |              |   | 1.43    |            |
| Hercules Borrower LLC                                   |  | ^* |  | (2)(3)(14)     |  | Environmental Industries                      |  | L + 6.50%                       |  | 7.50%                  |  | 12/14/2020 |  | 12/14/2026 |  | 18,636                  |              |                         | 18,177  |                     |              | 18,806     |              |   | 1.98    |            |
| Higginbotham Insurance Agency, Inc.                     |  | ^  |  | (2)(3)         |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 11/25/2020 |  | 11/25/2026 |  | 4,966                   |              |                         | 4,906   |                     |              | 4,925      |              |   | 0.52    |            |
| Hoosier Intermediate, LLC                               |  | ^* |  | (2)(3)(14)     |  | Healthcare & Pharmaceuticals              |  | L + 5.50%                       |  | 6.50%                  |  | 11/15/2021 |  | 11/15/2028 |  | 16,479                  |              |                         | 16,119  |                     |              | 16,187     |              |   | 1.70    |            |
| iCIMS, Inc.                                             |  | ^  |  | (2)(3)         |  | Software                                      |  | L + 6.50%                       |  | 7.50%                  |  | 9/12/2018  |  | 9/12/2024  |  | 1,671                   |              |                         | 1,653   |                     |              | 1,671      |              |   | 0.18    |            |
| Individual FoodService Holdings, LLC                    |  | ^* |  | (2)(3)(14)     |  | Wholesale                                     |  | L + 6.25%                       |  | 7.56%                  |  | 2/21/2020  |  | 11/22/2025 |  | 9,704                   |              |                         | 9,525   |                     |              | 9,679      |              |   | 1.02    |            |
| Infront Luxembourg Finance S.À R.L. (Luxembourg)   |  | ^  |  | (2)(3)(7)      |  | Hotel, Gaming & Leisure                   |  | L + 9.00%                       |  | 9.00%                  |  | 5/28/2021  |  | 5/28/2027  |  | €                      | 8,250   |                         |              | 9,785          |              |                 | 8,876   |   |              | 0.93  |  |
| Integrity Marketing Acquisition, LLC                    |  | *      |  | (2)(3)         |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%                  |  | 1/15/2020  |  | 8/27/2025  |  | 4,908                   |              |                         | 4,860   |                     |              | 4,800      |              |   | 0.50    |            |
| Integrity Marketing Acquisition, LLC                    |  | ^  |  | (2)(3)(14)     |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 1/15/2020  |  | 8/27/2025  |  | —                 |              |                         | (69)         |                     |              | (127)           |              |   | (0.01)       |            |
| Jeg's Automotive, LLC                                   |  | ^* |  | (2)(3)(14)     |  | Automotive                                    |  | L + 5.75%                       |  | 6.75%                  |  | 12/22/2021 |  | 12/22/2027 |  | 19,146                  |              |                         | 18,666  |                     |              | 18,783     |              |   | 1.98    |            |

----

|                                                         |  |        |  |                |  |                                               |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |              |                     |             |                 |  |   |             |  |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|----------------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|--------------------|--|------------------------------|-------------|-------------------------|--------------|---------------------|-------------|-----------------|--|---|-------------|--|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes      |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |             | Amortized Cost (4) |              | Fair Value (5) |             | % of Net Assets |
|                                                         |
| K2 Insurance Services, LLC                              |  | ^* |  | (2)(3)(14)     |  | Banking, Finance, Insurance & Real Estate |  | L + 5.00%                       |  | 6.00%                  |  | 7/3/2019   |  | 7/1/2026   |  | $                            | 3,356  |                         |              | $                   | 3,299  |                 |  | $ | 3,351  |  |  | 0.35  | % |
| Kaseya, Inc.                                            |  | ^  |  | (2)(3)(14)     |  | High Tech Industries                          |  | L + 5.50%, 1.00% PIK            |  | 7.50%                  |  | 5/3/2019   |  | 5/3/2025   |  | 19,123                  |             |                         | 18,882  |                     |             | 18,942     |  |   | 1.99   |  |
| Lifelong Learner Holdings, LLC                          |  | ^  |  | (2)(3)(14)     |  | Business Services                             |  | L + 5.75%                       |  | 6.75%                  |  | 10/18/2019 |  | 10/18/2026 |  | 26,149                  |             |                         | 25,787  |                     |             | 24,107     |  |   | 2.54   |  |
| LinQuest Corporation                                    |  | *      |  | (2)(3)         |  | Aerospace & Defense                       |  | L + 5.75%                       |  | 6.50%                  |  | 7/28/2021  |  | 7/28/2028  |  | 9,950                   |             |                         | 9,767   |                     |             | 9,701      |  |   | 1.02   |  |
| Liqui-Box Holdings, Inc.                                |  | ^  |  | (2)(3)(14)     |  | Containers, Packaging & Glass             |  | L + 4.50%                       |  | 5.50%                  |  | 6/3/2019   |  | 6/3/2024   |  | 1,504                   |             |                         | 1,490   |                     |             | 1,240      |  |   | 0.13   |  |
| LVF Holdings, Inc.                                      |  | ^* |  | (2)(3)(14)     |  | Beverage, Food & Tobacco                  |  | L + 6.25%                       |  | 7.82%                  |  | 6/10/2021  |  | 6/10/2027  |  | 41,524                  |             |                         | 40,689  |                     |             | 39,359     |  |   | 4.14   |  |
| Material Holdings, LLC                                  |  | ^* |  | (2)(3)(14)     |  | Business Services                             |  | L + 5.75%                       |  | 6.75%                  |  | 8/19/2021  |  | 8/19/2027  |  | 7,043                   |             |                         | 6,886   |                     |             | 6,753      |  |   | 0.71   |  |
| Maverick Acquisition, Inc.                              |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 6/1/2021   |  | 6/1/2027   |  | 35,892                  |             |                         | 35,153  |                     |             | 34,140     |  |   | 3.59   |  |
| Medical Manufacturing Technologies, LLC                 |  | ^* |  | (2)(3)(14)(15) |  | Healthcare & Pharmaceuticals              |  | SOFR + 6.00%                    |  | 7.00%                  |  | 12/23/2021 |  | 12/23/2027 |  | 21,477                  |             |                         | 20,874  |                     |             | 21,013     |  |   | 2.21   |  |
| MMIT Holdings, LLC                                      |  | ^* |  | (2)(3)(14)     |  | High Tech Industries                          |  | L + 6.25%                       |  | 7.25%                  |  | 9/15/2021  |  | 9/15/2027  |  | 10,937                  |             |                         | 10,717  |                     |             | 10,697     |  |   | 1.13   |  |
| National Technical Systems, Inc.                        |  | ^  |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 5.50%                       |  | 6.50%                  |  | 10/28/2020 |  | 6/12/2023  |  | 1,164                   |             |                         | 1,151   |                     |             | 1,158      |  |   | 0.12   |  |
| NES Global Talent Finance US, LLC (United Kingdom)      |  | ^  |  | (2)(3)(7)      |  | Energy: Oil & Gas                     |  | L + 5.50%                       |  | 6.50%                  |  | 5/9/2018   |  | 5/11/2023  |  | 9,662                   |             |                         | 9,618   |                     |             | 9,414      |  |   | 0.99   |  |
| NMI AcquisitionCo, Inc.                                 |  | ^* |  | (2)(3)(14)     |  | High Tech Industries                          |  | L + 5.75%                       |  | 6.50%                  |  | 9/6/2017   |  | 9/6/2025   |  | 40,229                  |             |                         | 40,004  |                     |             | 39,672     |  |   | 4.17   |  |
| Performance Health Holdings, Inc.                       |  | *      |  | (2)(3)         |  | Healthcare & Pharmaceuticals              |  | L + 6.00%                       |  | 7.00%                  |  | 7/12/2021  |  | 7/12/2027  |  | 6,444                   |             |                         | 6,324   |                     |             | 6,286      |  |   | 0.66   |  |
| PF Atlantic Holdco 2, LLC                               |  | ^* |  | (2)(3)(14)     |  | Hotel, Gaming & Leisure                   |  | L + 6.00%                       |  | 7.00%                  |  | 11/12/2021 |  | 11/12/2027 |  | 27,654                  |             |                         | 26,900  |                     |             | 27,037     |  |   | 2.84   |  |
| PF Growth Partners, LLC                                 |  | ^* |  | (2)(3)         |  | Hotel, Gaming & Leisure                   |  | L + 5.00%                       |  | 6.00%                  |  | 7/1/2019   |  | 7/11/2025  |  | 8,019                   |             |                         | 7,947   |                     |             | 7,885      |  |   | 0.83   |  |
| PPT Management Holdings, LLC                            |  | ^  |  | (2)(3)         |  | Healthcare & Pharmaceuticals              |  | L + 6.00%, 2.50% PIK            |  | 9.50%                  |  | 12/15/2016 |  | 12/16/2022 |  | 28,454                  |             |                         | 28,424  |                     |             | 23,576     |  |   | 2.48   |  |
| Product Quest Manufacturing, LLC                        |  | ^  |  | (2)(3)(8)      |  | Containers, Packaging & Glass             |  | L + 6.75%                       |  | 10.00%                 |  | 9/21/2017  |  | 3/31/2021  |  | 840                     |             |                         | 840     |                     |             | 840        |  |   | 0.09   |  |
| Prophix Software Inc. (Canada)                          |  | ^  |  | (2)(3)(7)(14)  |  | Software                                      |  | L + 6.50%                       |  | 7.50%                  |  | 2/1/2021   |  | 2/1/2026   |  | 10,963                  |             |                         | 10,743  |                     |             | 11,093     |  |   | 1.17   |  |
| PXO Holdings I Corp.                                    |  | ^* |  | (2)(3)(14)(15) |  | Chemicals, Plastics & Rubber              |  | SOFR + 5.50%                    |  | 6.25%                  |  | 3/8/2022   |  | 3/8/2028   |  | 14,790                  |             |                         | 14,406  |                     |             | 14,402     |  |   | 1.52   |  |
| Quantic Electronics, LLC                                |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 11/19/2020 |  | 11/19/2026 |  | 14,588                  |             |                         | 14,301  |                     |             | 14,248     |  |   | 1.50   |  |
| Quantic Electronics, LLC                                |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 3/1/2021   |  | 3/1/2027   |  | 8,860                   |             |                         | 8,647   |                     |             | 8,604      |  |   | 0.91   |  |
| QW Holding Corporation                                  |  | ^* |  | (2)(3)         |  | Environmental Industries                      |  | L + 5.75%                       |  | 6.75%                  |  | 8/31/2016  |  | 8/31/2026  |  | 42,559                  |             |                         | 42,361  |                     |             | 42,151     |  |   | 4.43   |  |
| Redwood Services Group, LLC                             |  | ^* |  | (2)(3)(14)     |  | High Tech Industries                          |  | L + 6.00%                       |  | 7.00%                  |  | 11/13/2018 |  | 6/6/2024   |  | 30,814                  |             |                         | 30,388  |                     |             | 30,429     |  |   | 3.20   |  |
| Regency Entertainment, Inc.                             |  | ^  |  | (2)(3)         |  | Media: Diversified & Production       |  | L + 6.75%                       |  | 7.75%                  |  | 5/22/2020  |  | 10/22/2025 |  | 20,000                  |             |                         | 19,716  |                     |             | 19,716     |  |   | 2.07   |  |
| Riveron Acquisition Holdings, Inc.                      |  | *      |  | (2)(3)         |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%                  |  | 5/22/2019  |  | 5/22/2025  |  | 11,372                  |             |                         | 11,240  |                     |             | 11,372     |  |   | 1.20   |  |
| RSC Acquisition, Inc.                                   |  | ^  |  | (2)(3)(14)     |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.28%                  |  | 11/1/2019  |  | 11/1/2026  |  | 8,407                   |             |                         | 8,274   |                     |             | 8,042      |  |   | 0.85   |  |
| Sapphire Convention, Inc.                               |  | ^* |  | (2)(3)(14)     |  | Telecommunications                            |  | L + 6.25%                       |  | 7.25%                  |  | 11/20/2018 |  | 11/20/2025 |  | 29,803                  |             |                         | 29,451  |                     |             | 25,461     |  |   | 2.68   |  |

----

|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |                 |   |             |              |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|----------------|--|----------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|--------------------|--|------------------------------|-------------|-------------------------|-----------------|---------------------|-------------|-----------------|-----------------|---|-------------|--------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes      |  | Industry                         |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |             | Amortized Cost (4) |                 | Fair Value (5) |             | % of Net Assets |
|                                                         |
| Smarsh Inc.                                             |  | ^  |  | (2)(3)(14)     |  | Software                         |  | SOFR + 6.50%                    |  | 7.25%                  |  | 2/18/2022  |  | 2/18/2029  |  | $                            | 6,530  |                         |                 | $                   | 6,362  |                 |                 | $ | 6,359  |              |   | 0.67  | % |
| SPay, Inc.                                              |  | ^* |  | (2)(3)         |  | Hotel, Gaming & Leisure      |  | L + 2.30%, 6.95% PIK            |  | 10.25%                 |  | 6/15/2018  |  | 6/17/2024  |  | 23,440                  |             |                         | 23,269     |                     |             | 20,445     |                 |   | 2.15   |              |
| Speedstar Holding, LLC                                  |  | ^* |  | (2)(3)(14)     |  | Automotive                       |  | L + 7.00%                       |  | 8.00%                  |  | 1/22/2021  |  | 1/22/2027  |  | 27,157                  |             |                         | 26,640     |                     |             | 27,164     |                 |   | 2.86   |              |
| Tank Holding Corp.                                      |  | ^* |  | (2)(3)(14)(15) |  | Capital Equipment                |  | SOFR + 6.00%                    |  | 6.75%                  |  | 3/31/2022  |  | 3/31/2028  |  | 37,931                  |             |                         | 37,140     |                     |             | 37,139     |                 |   | 3.90   |              |
| TCFI Aevex LLC                                          |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense          |  | L + 6.00%                       |  | 7.00%                  |  | 3/18/2020  |  | 3/18/2026  |  | 11,132                  |             |                         | 10,953     |                     |             | 9,015      |                 |   | 0.95   |              |
| Trafigura Trading LLC                                   |  | ^  |  | (2)(3)(13)(14) |  | Metals & Mining              |  | L + 8.40%                       |  | 9.37%                  |  | 7/26/2021  |  | 7/18/2022  |  | 4,174                   |             |                         | 4,213      |                     |             | 4,250      |                 |   | 0.45   |              |
| Turbo Buyer, Inc.                                       |  | ^* |  | (2)(3)(14)     |  | Automotive                       |  | L + 6.00%                       |  | 7.00%                  |  | 12/2/2019  |  | 12/2/2025  |  | 20,325                  |             |                         | 19,872     |                     |             | 19,918     |                 |   | 2.10   |              |
| Unifrutti Financing PLC (Cyprus)                        |  | ^  |  | (7)            |  | Beverage, Food & Tobacco     |  | 7.50%, 1.00% PIK                |  | 8.50%                  |  | 9/15/2019  |  | 9/15/2026  |  | €                      | 4,644  |                         |                 | 4,950          |             |                 | 5,138      |   |             | 0.54    |   |
| Unifrutti Financing PLC (Cyprus)                        |  | ^  |  | (7)            |  | Beverage, Food & Tobacco     |  | 11.00% PIK                      |  | 11.00%                 |  | 10/22/2020 |  | 9/15/2026  |  | €                      | 776    |                         |                 | 881            |             |                 | 912        |   |             | 0.10    |   |
| US INFRA SVCS Buyer, LLC                                |  | ^  |  | (2)(3)(14)     |  | Environmental Industries         |  | L + 6.50%                       |  | 7.50%                  |  | 4/13/2020  |  | 4/13/2026  |  | 9,382                   |             |                         | 8,949      |                     |             | 8,436      |                 |   | 0.89   |              |
| USALCO, LLC                                             |  | *      |  | (2)(3)         |  | Chemicals, Plastics & Rubber |  | L + 6.00%                       |  | 7.00%                  |  | 10/19/2021 |  | 10/19/2027 |  | 998                     |             |                         | 979        |                     |             | 967        |                 |   | 0.10   |              |
| U.S. Legal Support, Inc.                                |  | ^* |  | (2)(3)(14)(15) |  | Business Services                |  | SOFR + 5.75%                    |  | 6.75%                  |  | 11/30/2018 |  | 11/30/2024 |  | 15,657                  |             |                         | 15,448     |                     |             | 15,276     |                 |   | 1.61   |              |
| Westfall Technik, Inc.                                  |  | ^* |  | (2)(3)         |  | Chemicals, Plastics & Rubber |  | L + 5.75%                       |  | 6.75%                  |  | 9/13/2018  |  | 9/13/2024  |  | 21,468                  |             |                         | 21,309     |                     |             | 21,125     |                 |   | 2.22   |              |
| Westfall Technik, Inc.                                  |  | ^  |  | (2)(3)         |  | Chemicals, Plastics & Rubber |  | L + 6.25%                       |  | 7.25%                  |  | 7/1/2021   |  | 9/13/2024  |  | 4,945                   |             |                         | 4,857      |                     |             | 4,888      |                 |   | 0.51   |              |
| Wineshipping.com LLC                                    |  | ^* |  | (2)(3)(14)     |  | Beverage, Food & Tobacco     |  | L + 5.75%                       |  | 6.75%                  |  | 10/29/2021 |  | 10/29/2027 |  | 14,425                  |             |                         | 14,090     |                     |             | 14,074     |                 |   | 1.48   |              |
| Yellowstone Buyer Acquisition, LLC                      |  | ^  |  | (2)(3)         |  | Consumer Goods: Durable      |  | L + 5.75%                       |  | 6.75%                  |  | 9/13/2021  |  | 9/13/2027  |  | 448                     |             |                         | 439        |                     |             | 435        |                 |   | 0.05   |              |
| YLG Holdings, Inc.                                      |  | ^  |  | (2)(3)         |  | Consumer Services                |  | L + 5.25%                       |  | 6.32%                  |  | 9/30/2020  |  | 11/1/2025  |  | 1,976                   |             |                         | 1,927      |                     |             | 1,976      |                 |   | 0.21   |              |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
| First Lien Debt Total                                   |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             | $                       | 1,231,985  |                     |             | $               | 1,193,346  |   |             | 125.54  | % |
|                                                         |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |             |                         |                 |                     |             |                 |
| Second Lien Debt (16.2% of fair value)                  |  |        |  |                |  |                                  |  |                                 |  |                        |  |                    |  |                    |  |                              |
| 11852604 Canada Inc. (Canada)                           |  | ^  |  | (2)(3)(7)      |  | Healthcare & Pharmaceuticals |  | L + 9.50% (100% PIK)            |  | 10.50%                 |  | 9/30/2021  |  | 9/30/2028  |  | $                            | 6,767  |                         |                 | $                   | 6,616  |                 |                 | $ | 6,597  |              |   | 0.69  | % |
| AI Convoy S.A.R.L (United Kingdom)                      |  | ^  |  | (2)(3)(7)      |  | Aerospace & Defense          |  | L + 8.25%                       |  | 9.25%                  |  | 1/17/2020  |  | 1/17/2028  |  | 24,814                  |             |                         | 24,372     |                     |             | 25,806     |                 |   | 2.71   |              |
| Aimbridge Acquisition Co., Inc.                         |  | ^  |  | (2)(3)         |  | Hotel, Gaming & Leisure      |  | L + 7.50%                       |  | 7.73%                  |  | 2/1/2019   |  | 2/1/2027   |  | 9,241                   |             |                         | 9,128      |                     |             | 8,575      |                 |   | 0.90   |              |
| AP Plastics Acquisition Holdings, LLC                   |  | ^  |  | (2)(3)         |  | Chemicals, Plastics & Rubber |  | L + 7.50%                       |  | 8.25%                  |  | 8/10/2021  |  | 8/10/2029  |  | 33,680                  |             |                         | 32,807     |                     |             | 33,714     |                 |   | 3.55   |              |
| AQA Acquisition Holdings, Inc.                          |  | ^* |  | (2)(3)         |  | High Tech Industries             |  | L + 7.50%                       |  | 8.50%                  |  | 3/3/2021   |  | 3/3/2029   |  | 35,000                  |             |                         | 34,212     |                     |             | 34,973     |                 |   | 3.68   |              |
| Blackbird Purchaser, Inc.                               |  | ^  |  | (2)(3)(14)     |  | Capital Equipment                |  | L + 7.50%                       |  | 8.25%                  |  | 12/14/2021 |  | 4/8/2027   |  | 13,791                  |             |                         | 13,441     |                     |             | 13,109     |                 |   | 1.38   |              |
| Brave Parent Holdings, Inc.                             |  | ^* |  | (2)(3)         |  | Software                         |  | L + 7.50%                       |  | 7.96%                  |  | 10/3/2018  |  | 4/19/2026  |  | 18,197                  |             |                         | 17,930     |                     |             | 18,197     |                 |   | 1.91   |              |
| Drilling Info Holdings, Inc.                            |  | ^  |  | (2)(3)         |  | Energy: Oil & Gas        |  | L + 8.25%                       |  | 8.71%                  |  | 2/11/2020  |  | 7/30/2026  |  | 18,600                  |             |                         | 18,230     |                     |             | 18,786     |                 |   | 1.98   |              |
| Jazz Acquisition, Inc.                                  |  | ^  |  | (2)(3)         |  | Aerospace & Defense          |  | L + 8.00%                       |  | 8.46%                  |  | 6/13/2019  |  | 6/18/2027  |  | 23,450                  |             |                         | 23,197     |                     |             | 20,947     |                 |   | 2.20   |              |

----

|                                                         |  |        |  |           |  |                                                    |  |                                 |  |                        |  |                    |  |                    |  |                              |              |                         |               |                     |             |                 |               |   |             |             |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|-----------|--|----------------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|--------------------|--|------------------------------|--------------|-------------------------|---------------|---------------------|-------------|-----------------|---------------|---|-------------|-------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes |  | Industry                                           |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |              | Amortized Cost (4) |               | Fair Value (5) |             | % of Net Assets |
|                                                         |
| Outcomes Group Holdings, Inc.                           |  | ^* |  | (2)(3)    |  | Business Services                                  |  | L + 7.50%                       |  | 7.85%                  |  | 10/23/2018 |  | 10/26/2026 |  | $                            | 1,731   |                         |               | $                   | 1,728  |                 |               | $ | 1,731  |             |   | 0.18  | % |
| PAI Holdco, Inc.                                        |  | ^  |  | (2)(3)    |  | Automotive                                         |  | L + 5.50%, 2.00% PIK            |  | 8.50%                  |  | 10/28/2020 |  | 10/28/2028 |  | 13,878                  |              |                         | 13,529   |                     |             | 13,945     |               |   | 1.47   |             |
| Peraton Corp.                                           |  | ^* |  | (2)(3)    |  | Aerospace & Defense                            |  | L + 7.75%                       |  | 8.50%                  |  | 2/24/2021  |  | 2/1/2029   |  | 11,941                  |              |                         | 11,776   |                     |             | 11,798     |               |   | 1.24   |             |
| Quartz Holding Company                                  |  | ^* |  | (2)(3)    |  | Software                                           |  | L + 8.00%                       |  | 8.46%                  |  | 4/2/2019   |  | 4/2/2027   |  | 7,048                   |              |                         | 6,948    |                     |             | 7,048      |               |   | 0.74   |             |
| Stonegate Pub Company Bidco Limited (United Kingdom)    |  | ^  |  | (2)(3)(7) |  | Beverage, Food & Tobacco                       |  | SONIA + 8.50%                   |  | 9.19%                  |  | 3/12/2020  |  | 3/12/2028  |  | £                       | 20,000  |                         |               | 24,802         |             |                 | 22,445   |   |             | 2.36   |   |
| TruGreen Limited Partnership                            |  | ^  |  | (2)(3)    |  | Consumer Services                                  |  | L + 8.50%                       |  | 9.25%                  |  | 11/16/2020 |  | 11/2/2028  |  | 13,000                  |              |                         | 12,775   |                     |             | 13,088     |               |   | 1.38   |             |
| Watchfire Enterprises, Inc.                             |  | ^  |  | (2)(3)    |  | Media:  Advertising, Printing & Publishing |  | L + 8.00%                       |  | 9.00%                  |  | 10/2/2013  |  | 10/2/2024  |  | 7,000                   |              |                         | 7,000    |                     |             | 7,000      |               |   | 0.74   |             |
| World 50, Inc.                                          |  | ^  |  | (9)       |  | Business Services                                  |  | 11.50%                          |  | 11.50%                 |  | 1/10/2020  |  | 1/9/2027   |  | 18,552                  |              |                         | 18,228   |                     |             | 17,784     |               |   | 1.87   |             |
| WP CPP Holdings, LLC                                    |  | ^  |  | (2)(3)    |  | Aerospace & Defense                            |  | L + 7.75%                       |  | 8.75%                  |  | 7/18/2019  |  | 4/30/2026  |  | 29,500                  |              |                         | 29,303   |                     |             | 28,659     |               |   | 3.02   |             |
|                                                         |  |        |  |           |  |                                                    |  |                                 |  |                        |  |                    |  |                    |  |                              |              |                         |               |                     |             |                 |
|                                                         |  |        |  |           |  |                                                    |  |                                 |  |                        |  |                    |  |                    |  |                              |              |                         |               |                     |             |                 |
|                                                         |  |        |  |           |  |                                                    |  |                                 |  |                        |  |                    |  |                    |  |                              |              |                         |               |                     |             |                 |
| Second Lien Debt Total                                  |  |        |  |           |  |                                                    |  |                                 |  |                        |  |                    |  |                    |  |                              |              | $                       | 306,022  |                     |             | $               | 304,202  |   |             | 32.00  | % |
|                                                         |  |        |  |           |  |                                                    |  |                                 |  |                        |  |                    |  |                    |  |                              |              |                         |               |                     |             |                 |

|                                                         |  |       |  |           |  |                                                    |  |  |  |  |  |                    |  |  |  |                   |  |               |           |                    |               |                 |           |               |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|-------|--|-----------|--|----------------------------------------------------|--|--|--|--|--|--------------------|--|--|--|-------------------|--|---------------|-----------|--------------------|---------------|-----------------|-----------|---------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |       |  | Footnotes |  | Industry                                           |  |  |  |  |  | Acquisition Date   |  |  |  | Shares/ Units |  | Cost          |           | FairValue (5) |               | % of Net Assets |
| Equity Investments (4.2% of fair value)                 |  |       |  |           |  |                                                    |  |  |  |  |  |                    |  |  |  |                   |
| ANLG Holdings, LLC                                      |  | ^ |  | (6)       |  | Capital Equipment                                  |  |  |  |  |  | 6/22/2018  |  |  |  | 592               |  | $             | 592  |                    |               | $               | 729  |               |            | 0.08  | % |
| Appriss Health, LLC                                     |  | ^ |  | (6)       |  | Healthcare & Pharmaceuticals                   |  |  |  |  |  | 5/6/2021   |  |  |  | 5                 |  | 4,579         |           | 4,581              |               | 0.48       |           |
| Atlas Ontario LP (Canada)                               |  | ^ |  | (6)(7)    |  | Business Services                                  |  |  |  |  |  | 4/7/2021   |  |  |  | 5,114             |  | 5,114         |           | 5,114              |               | 0.54       |           |
| Avenu Holdings, LLC                                     |  | ^ |  | (6)       |  | Sovereign & Public Finance                     |  |  |  |  |  | 9/28/2018  |  |  |  | 172               |  | 173           |           | 558                |               | 0.06       |           |
| Blackbird Holdco, Inc.                                  |  | ^ |  | (6)       |  | Capital Equipment                                  |  |  |  |  |  | 12/14/2021 |  |  |  | 10                |  | 9,813         |           | 9,822              |               | 1.03       |           |
| Buckeye Parent, LLC                                     |  | ^ |  | (6)       |  | Automotive                                         |  |  |  |  |  | 12/22/2021 |  |  |  | 885               |  | 885           |           | 885                |               | 0.09       |           |
| Chartis Holding, LLC                                    |  | ^ |  | (6)       |  | Business Services                                  |  |  |  |  |  | 5/1/2019   |  |  |  | 433               |  | 433           |           | 683                |               | 0.07       |           |
| CIP Revolution Holdings, LLC                            |  | ^ |  | (6)       |  | Media:  Advertising, Printing & Publishing |  |  |  |  |  | 8/19/2016  |  |  |  | 318               |  | 318           |           | 192                |               | 0.02       |           |
| Cority Software Inc. (Canada)                           |  | ^ |  | (6)       |  | Software                                           |  |  |  |  |  | 7/2/2019   |  |  |  | 250               |  | 250           |           | 579                |               | 0.06       |           |
| Derm Growth Partners III, LLC                           |  | ^ |  | (6)       |  | Healthcare & Pharmaceuticals                   |  |  |  |  |  | 5/31/2016  |  |  |  | 1,000             |  | 1,000    |           |                    | —  |                 |           | —  |            |
| Diligent Corporation                                    |  | ^ |  | (6)       |  | Telecommunications                                 |  |  |  |  |  | 4/5/2021   |  |  |  | 11                |  | 10,830        |           | 10,741             |               | 1.13       |           |
| ECP Parent, LLC                                         |  | ^ |  | (6)       |  | Healthcare & Pharmaceuticals                   |  |  |  |  |  | 3/29/2018  |  |  |  | 268               |  | —  |           |                    | 290      |                 |           | 0.03     |            |
| GB Vino Parent, L.P.                                    |  | ^ |  | (6)       |  | Beverage, Food & Tobacco                       |  |  |  |  |  | 10/29/2021 |  |  |  | 4                 |  | 351           |           | 351                |               | 0.04       |           |
| Integrity Marketing Group, LLC                          |  | ^ |  | (6)       |  | Banking, Finance, Insurance & Real Estate      |  |  |  |  |  | 12/21/2021 |  |  |  | 15,425            |  | 15,126        |           | 15,173             |               | 1.60       |           |
| K2 Insurance Services, LLC                              |  | ^ |  | (6)       |  | Banking, Finance, Insurance & Real Estate      |  |  |  |  |  | 7/3/2019   |  |  |  | 433          |  |               | 306  |                    |               | 690        |           |               | 0.07  |            |
| Legacy.com, Inc.                                        |  | ^ |  | (6)       |  | High Tech Industries                               |  |  |  |  |  | 3/20/2017  |  |  |  | 1,500             |  | 1,500    |           |                    | 1,178    |                 |           | 0.12     |            |
| Mailgun Technologies, Inc.                              |  | ^ |  | (6)       |  | High Tech Industries                               |  |  |  |  |  | 3/26/2019  |  |  |  | 51                |  | —       |           | 367                |               | 0.04       |           |

----

|                                                           |  |       |  |           |  |                                   |  |  |  |  |  |                    |                 |  |  |                   |                 |               |              |                    |              |                 |              |            |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|--|-------|--|-----------|--|-----------------------------------|--|--|--|--|--|--------------------|-----------------|--|--|-------------------|-----------------|---------------|--------------|--------------------|--------------|-----------------|--------------|------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1)   |  |       |  | Footnotes |  | Industry                          |  |  |  |  |  | Acquisition Date   |                 |  |  | Shares/ Units |                 | Cost          |              | FairValue (5) |              | % of Net Assets |
| North Haven Goldfinch Topco, LLC                          |  | ^ |  | (6)       |  | Containers, Packaging & Glass |  |  |  |  |  | 6/18/2018  |                 |  |  | 2,315             |                 | $             | 2,315   |                    |              | $               | 1,881   |            |  | 0.20  | % |
| Pascal Ultimate Holdings, L.P                             |  | ^ |  | (6)       |  | Capital Equipment                 |  |  |  |  |  | 7/21/2021  |                 |  |  | 36                |                 | 364           |              | 364                |              | 0.04       |              |
| Profile Holdings I, LP                                    |  | ^ |  | (6)       |  | Chemicals, Plastics & Rubber  |  |  |  |  |  | 3/8/2022   |                 |  |  | 5                 |                 | 523      |              |                    | 523     |                 |              | 0.06  |  |
| Sinch AB (Sweden)                                         |  | ^ |  | (6)       |  | High Tech Industries              |  |  |  |  |  | 3/26/2019  |                 |  |  | 53                |                 | 593      |              |                    | 364     |                 |              | 0.04  |  |
| Tailwind HMT Holdings Corp.                               |  | ^ |  | (6)       |  | Energy: Oil & Gas         |  |  |  |  |  | 11/17/2017 |                 |  |  | 22                |                 | 1,558    |              |                    | 1,362   |                 |              | 0.14  |  |
| Tank Holding Corp.                                        |  | ^ |  | (6)       |  | Capital Equipment                 |  |  |  |  |  | 3/26/2019  |                 |  |  | 850               |                 | —  |              |                    | 1,982   |                 |              | 0.21  |  |
| Titan DI Preferred Holdings, Inc.                         |  | ^ |  | (6)       |  | Energy: Oil & Gas         |  |  |  |  |  | 2/11/2020  |                 |  |  | 13,270            |                 | 13,021   |              |                    | 13,403  |                 |              | 1.41  |  |
| Turbo Buyer, Inc.                                         |  | ^ |  | (6)       |  | Automotive                        |  |  |  |  |  | 12/2/2019  |                 |  |  | 1,925             |                 | 933      |              |                    | 2,872   |                 |              | 0.30  |  |
| Unifrutti Financing PLC (Cyprus)                          |  | ^ |  | (6)       |  | Beverage, Food & Tobacco      |  |  |  |  |  | 10/22/2020 |                 |  |  | 1                 |                 | 494      |              |                    | 666          |                 | 0.07    |            |
| Unifrutti Financing PLC (Cyprus)                          |  | ^ |  | (6)       |  | Beverage, Food & Tobacco      |  |  |  |  |  | 10/22/2020 |                 |  |  | —           |                 | 133      |              |                    | 218          |                 | 0.02    |            |
| U.S. Legal Support Investment Holdings, LLC               |  | ^ |  | (6)       |  | Business Services                 |  |  |  |  |  | 11/30/2018 |                 |  |  | 641               |                 | 641           |              | 942                |              | 0.10       |              |
| W50 Parent LLC                                            |  | ^ |  | (6)       |  | Business Services                 |  |  |  |  |  | 1/10/2020  |                 |  |  | 500               |                 | 190           |              | 752                |              | 0.08       |              |
| Zenith American Holding, Inc.                             |  | ^ |  | (6)       |  | Business Services                 |  |  |  |  |  | 12/13/2017 |                 |  |  | 1,564             |                 | 782           |              | 1,437              |              | 0.15       |              |
| Equity Investments Total                                  |  |       |  |           |  |                                   |  |  |  |  |  |                    |                 |  |  |                   |                 | $             | 72,817  |                    |              | $               | 78,699  |            |  | 8.28  | % |
| Total investments—non-controlled/non-affiliated |  |       |  |           |  |                                   |  |  |  |  |  | $                  | 1,610,824  |  |  | $                 | 1,576,247  |               |              | 165.83        | %            |

|                                                 |  |        |  |                |  |                             |  |                                 |  |                   |  |                    |  |                   |  |                              |              |                    |              |                |              |                           |              |   |              |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|--------|--|----------------|--|-----------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|-------------------|--|------------------------------|--------------|--------------------|--------------|----------------|--------------|---------------------------|--------------|---|--------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/affiliated |  |        |  | Footnotes      |  | Industry                    |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date     |  | Par/ Principal Amount ** |              | Amortized Cost (4) |              | Fair Value (5) |              | % of Net Assets |
| First Lien Debt (1.6% of fair value)            |  |        |  |                |  |                             |  |                                 |  |                   |  |                    |  |                   |  |                              |              |                    |
| Direct Travel, Inc.                             |  | ^* |  | (2)(3)(8)(12)  |  | Hotel, Gaming & Leisure |  | L + 1.00%, 7.50% PIK            |  | 9.50%             |  | 10/14/2016 |  | 10/1/2023 |  | $                            | 36,711  |                    |              | $              | 35,729  |                           |              | $ | 28,040  |            |   | 2.95  | % |
| Direct Travel, Inc.                             |  | ^  |  | (2)(3)(12)(14) |  | Hotel, Gaming & Leisure |  | L + 6.00%                       |  | 7.00%             |  | 10/1/2020  |  | 10/1/2023 |  | 2,731                        |              | 2,603              |              | 2,731          |              | 0.29                 |              |
| First Lien Debt Total                           |  |        |  |                |  |                             |  |                                 |  |                   |  |                    |  |                   |  |                              |              | $                  | 38,332  |                |              | $                         | 30,771  |   |              | 3.24  | % |

|                                                       |  |       |  |           |  |                             |  |  |  |  |  |                   |  |   |              |                   |  |      |               |                    |  |                           |               |               |  |               |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|--|-------|--|-----------|--|-----------------------------|--|--|--|--|--|-------------------|--|---|--------------|-------------------|--|------|---------------|--------------------|--|---------------------------|---------------|---------------|--|---------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/affiliated       |  |       |  | Footnotes |  | Industry                    |  |  |  |  |  | Acquisition Date  |  |   |              | Shares/ Units |  | Cost |               | FairValue (5) |  | % of Net Assets |
| Equity Investments (0.0% of fair value)               |  |       |  |           |  |                             |  |  |  |  |  |                   |  |   |              |                   |  |      |               |                    |
| Direct Travel, Inc.                                   |  | ^ |  | (6)(12)   |  | Hotel, Gaming & Leisure |  |  |  |  |  | 10/1/2020 |  |   |              | 43           |  |      | $             | —       |  |                           | $             | —  |  |               | —  | % |
| Equity Investments Total                              |  |       |  |           |  |                             |  |  |  |  |  |                   |  |   |              |                   |  | $    | —  |                    |  | $                         | —  |               |  | —  | %             |
| Total investments—non-controlled/affiliated |  |       |  |           |  |                             |  |  |  |  |  |                   |  | $ | 38,332  |                   |  | $    | 30,771   |                    |  | 3.24                 | %             |

----

|                                                                         |  |       |  |               |  |                  |  |                                 |  |                        |  |                   |                 |                    |  |                                 |                 |               |               |                |               |                 |               |               |              |             |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------|--|-------|--|---------------|--|------------------|--|---------------------------------|--|------------------------|--|-------------------|-----------------|--------------------|--|---------------------------------|-----------------|---------------|---------------|----------------|---------------|-----------------|---------------|---------------|--------------|-------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated                             |  |       |  | Footnotes     |  | Industry         |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date  |                 | Maturity Date      |  | Par Amount/ LLC Interest ** |                 | Cost          |               | Fair Value (5) |               | % of Net Assets |
| Investment Funds (14.2% of fair value)                                  |  |       |  |               |  |                  |  |                                 |  |                        |  |                   |                 |                    |  |                                 |
| Middle Market Credit Fund II, LLC, Member's Interest                    |  | ^ |  | (7)(10)       |  | Investment Funds |  | N/A                         |  | —%               |  | 11/3/2020 |                 | 12/31/2030 |  | $                               | 78,121     |               |               | $              | 78,096   |                 |               | $             | 76,880  |             |   | 8.09  | % |
| Middle Market Credit Fund, LLC, Subordinated Loan and Member's Interest |  | ^ |  | (7)(10)       |  | Investment Funds |  | N/A                         |  | —%               |  | 2/29/2016 |                 | 12/31/2024 |  | 193,000                    |                 |               | 193,001  |                |               | 189,285    |               |               | 19.92   |             |
| Middle Market Credit Fund, Mezzanine Loan                               |  | ^ |  | (2)(7)(9)(10) |  | Investment Funds |  | L + 9.00%                       |  | 9.21%                  |  | 6/30/2016 |                 | 5/21/2022  |  | —                         |                 | —  |               |                | —  |                 |               | —  |              |
| Investment Funds Total                                                  |  |       |  |               |  |                  |  |                                 |  |                        |  |                   |                 |                    |  |                                 |                 | $             | 271,097  |                |               | $               | 266,165  |               |              | 28.01  | % |
|                                                                         |  |       |  |               |  |                  |  |                                 |  |                        |  |                   |                 |                    |  |                                 |                 |               |               |                |               |                 |
| Total investments—controlled/affiliated                       |  |       |  |               |  |                  |  |                                 |  |                        |  | $                 | 271,097    |                    |  | $                               | 266,165    |               |               | 28.01     | %             |
| Total Investments                                                       |  |       |  |               |  |                  |  |                                 |  |                        |  | $                 | 1,920,253  |                    |  | $                               | 1,873,183  |               |               | 197.07    | %             |

----

|                                                                               |                                    |               |                         |               |                                    |               |                               |  |                                                      |               |                                 |  |                              |               |  |               |   |               |             |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------|------------------------------------|---------------|-------------------------|---------------|------------------------------------|---------------|-------------------------------|--|------------------------------------------------------|---------------|---------------------------------|--|------------------------------|---------------|--|---------------|---|---------------|-------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated                                   | Fair Value as of December 31, 2021 |               | Additions/Purchases |               | Reductions/Sales/ Paydowns |               | Net Realized Gain (Loss) |  | Net Change in Unrealized Appreciation (Depreciation) |               | Fair Value as of March 31, 2022 |  | Dividend and Interest Income |
| Middle Market Credit Fund, LLC, Mezzanine Loan                                | $                                  | —  |                         |               | $                                  | —  |                               |  | $                                                    | —  |                                 |  | $                            | —  |  |               | $ | —  |             |  | $ | —  |  |  | $ | —  |  |
| Middle Market Credit Fund, LLC, Subordinated Loan and Member’s Interest | 184,141                       |               |                         | —  |                                    |               | —                  |  |                                                      | —  |                                 |  | 5,144                   |               |  | 189,285  |   |               | 5,000  |  |
| Middle Market Credit Fund II LLC, Member's Interest                           | 77,958                        |               |                         | —  |                                    |               | —                  |  |                                                      | —  |                                 |  | (1,078)                      |               |  | 76,880   |   |               | 2,524  |  |
| Total investments—controlled/affiliated                             | $                                  | 262,099  |                         |               | $                                  | —  |                               |  | $                                                    | —  |                                 |  | $                            | —  |  |               | $ | 4,066    |             |  | $ | 266,165  |  |  | $ | 7,524    |  |

|                                                                   |                                    |              |                         |               |                                    |               |                               |  |                                                      |               |                                 |  |                              |               |  |               |   |               |               |  |   |               |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------|------------------------------------|--------------|-------------------------|---------------|------------------------------------|---------------|-------------------------------|--|------------------------------------------------------|---------------|---------------------------------|--|------------------------------|---------------|--|---------------|---|---------------|---------------|--|---|---------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated                       | Fair Value as of December 31, 2021 |              | Additions/Purchases |               | Reductions/Sales/ Paydowns |               | Net Realized Gain (Loss) |  | Net Change in Unrealized Appreciation (Depreciation) |               | Fair Value as of March 31, 2022 |  | Dividend and Interest Income |
| SolAero Technologies Corp. (Priority Term Loan)                   | $                                  | 2,251   |                         |               | $                                  | —  |                               |  | $                                                    | (2,251)       |                                 |  | $                            | —  |  |               | $ | —  |               |  | $ | —  |  |  | $ | 8      |  |
| SolAero Technologies Corp. (A1 Term Loan)                         | 2,850                         |              |                         | —  |                                    |               | (3,166)                       |  |                                                      | —  |                                 |  | 316                     |               |  | —  |   |               | 1,031    |  |
| SolAero Technologies Corp. (A2 Term Loan)     | 7,835                         |              |                         | —  |                                    |               | (8,707)                       |  |                                                      | —  |                                 |  | 872                     |               |  | —  |   |               | 2,834    |  |
| Solaero Technology Corp. (Equity)                                 | —                       |              |                         | —  |                                    |               | (4,003)                       |  |                                                      | 1,189    |                                 |  | 2,814                   |               |  | —  |   |               | —  |  |
| Total investments—controlled/affiliated                 | $                                  | 12,936  |                         |               | $                                  | —  |                               |  | $                                                    | (18,127)      |                                 |  | $                            | 1,189    |  |               | $ | 4,002    |               |  | $ | —  |  |  | $ | 3,873  |  |

|                                                       |                                    |              |                         |               |                                    |               |                               |  |                                                      |               |                                 |  |                              |               |  |               |   |           |               |  |   |              |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|------------------------------------|--------------|-------------------------|---------------|------------------------------------|---------------|-------------------------------|--|------------------------------------------------------|---------------|---------------------------------|--|------------------------------|---------------|--|---------------|---|-----------|---------------|--|---|--------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/affiliated       | Fair Value as of December 31, 2021 |              | Additions/Purchases |               | Reductions/Sales/ Paydowns |               | Net Realized Gain (Loss) |  | Net Change in Unrealized Appreciation (Depreciation) |               | Fair Value as of March 31, 2022 |  | Dividend and Interest Income |
| Direct Travel, Inc.                                   | $                                  | 27,555  |                         |               | $                                  | —  |                               |  | $                                                    | (131)         |                                 |  | $                            | —  |  |               | $ | 616  |               |  | $ | 28,040  |  |  | $ | —  |  |
| Direct Travel, Inc.                                   | 2,731                         |              |                         | —  |                                    |               | —                  |  |                                                      | —  |                                 |  | —                 |               |  | 2,731    |   |           | 48       |  |
| Direct Travel, Inc. (Equity)                          | —                       |              |                         | —  |                                    |               | —                  |  |                                                      | —  |                                 |  | —                 |               |  | —  |   |           | —  |  |
| Total investments—non-controlled/affiliated | $                                  | 30,286  |                         |               | $                                  | —  |                               |  | $                                                    | (131)         |                                 |  | $                            | —  |  |               | $ | 616  |               |  | $ | 30,771  |  |  | $ | 48       |  |

----

|                                                                                             |              |  |            |  |                           |             |            |               |      |         |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------|--------------|--|------------|--|---------------------------|-------------|------------|---------------|------|---------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated                                         | Type         |  | Unused Fee |  | Par/ Principal Amount |             | Fair Value |
| First and Second Lien Debt—unfunded delayed draw and revolving term loans commitments |              |  |            |  |
| Advanced Web Technologies Holding Company                                                   | Delayed Draw |  | 1.00%      |  | $                         | 1,602  |            |               | $    | 6  |  |
| Advanced Web Technologies Holding Company                                                   | Revolver     |  | 0.50       |  | 854                  |             |            | 3        |      |
| Airnov, Inc.                                                                                | Revolver     |  | 0.50       |  | 688                  |             |            | —  |      |
| American Physician Partners, LLC                                                            | Revolver     |  | 0.50       |  | 550                  |             |            | —  |      |
| Analogic Corporation                                                                        | Revolver     |  | 0.50       |  | 48                   |             |            | (1)           |      |
| Applied Technical Services, LLC                                                             | Revolver     |  | 0.50       |  | 45                   |             |            | —  |      |
| Appriss Health, LLC                                                                         | Revolver     |  | 0.50       |  | 2,963                |             |            | (51)          |      |
| Apptio, Inc.                                                                                | Revolver     |  | 0.50       |  | 1,420                |             |            | —  |      |
| Ascend Buyer, LLC                                                                           | Revolver     |  | 0.50       |  | 1,070                |             |            | (25)          |      |
| Associations, Inc.                                                                          | Revolver     |  | 0.50       |  | 723                  |             |            | (18)          |      |
| Blackbird Purchaser, Inc.                                                                   | Delayed Draw |  | 1.00       |  | 4,597                |             |            | (171)         |      |
| BMS Holdings III Corp.                                                                      | Delayed Draw |  | 1.00       |  | 9,688                |             |            | (140)         |      |
| Bubbles Bidco S.P.A. (Italy)                                                                | Delayed Draw |  | 2.80       |  | €                   | 873    |            |               | (24) |         |
| Bubbles Bidco S.P.A. (Italy)                                                                | Revolver     |  | —    |  | €                   | 537    |            |               | (7)  |         |
| Captive Resources Midco, LLC                                                                | Revolver     |  | 0.50       |  | 2,143                |             |            | (21)          |      |
| Chartis Holding, LLC                                                                        | Revolver     |  | 0.50       |  | 217                  |             |            | (1)           |      |
| Chemical Computing Group ULC (Canada)                                                       | Revolver     |  | 0.50       |  | 29                   |             |            | —  |      |
| Chudy Group, LLC                                                                            | Delayed Draw |  | 1.00       |  | 138                  |             |            | 1        |      |
| Chudy Group, LLC                                                                            | Revolver     |  | 0.50       |  | 34                   |             |            | —  |      |
| Comar Holding Company, LLC                                                                  | Revolver     |  | 0.50       |  | 2,935                |             |            | (87)          |      |
| Cority Software Inc. (Canada)                                                               | Revolver     |  | 0.50       |  | 3,000                |             |            | (9)           |      |
| DCA Investment Holding, LLC                                                                 | Delayed Draw |  | 1.00       |  | 809                  |             |            | (11)          |      |
| DCA Investment Holding, LLC                                                                 | Delayed Draw |  | 1.00       |  | 428                  |             |            | (6)           |      |
| Diligent Corporation                                                                        | Revolver     |  | 0.50       |  | 47                   |             |            | —  |      |
| Direct Travel, Inc.                                                                         | Delayed Draw |  | 0.50       |  | 1,657                |             |            | —  |      |
| Dwyer Instruments, Inc                                                                      | Delayed Draw |  | 1.00       |  | 1,003                |             |            | (3)           |      |
| Dwyer Instruments, Inc                                                                      | Revolver     |  | 0.50       |  | 599                  |             |            | (2)           |      |
| Ellkay, LLC                                                                                 | Revolver     |  | 0.50       |  | 1,786                |             |            | (37)          |      |
| EPS Nass Parent, Inc.                                                                       | Delayed Draw |  | 1.00       |  | 85                   |             |            | (1)           |      |
| EPS Nass Parent, Inc.                                                                       | Revolver     |  | 0.50       |  | 20                   |             |            | —  |      |
| EvolveIP, LLC                                                                               | Revolver     |  | 0.50       |  | 798                  |             |            | (2)           |      |
| Flagship Intermediate Holdco, LLC                                                           | Delayed Draw |  | 1.00       |  | 23,999               |             |            | (480)         |      |

----

|                                                     |              |  |            |  |                           |             |            |               |       |      |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--------------|--|------------|--|---------------------------|-------------|------------|---------------|-------|------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated | Type         |  | Unused Fee |  | Par/ Principal Amount |             | Fair Value |
| Greenhouse Software, Inc.                           | Revolver     |  | 0.50%      |  | $                         | 1,471  |            |               | $     | (40) |  |
| Hadrian Acquisition Limited                         | Delayed Draw |  | 2.30       |  | £                    | 5,216  |            |               | (119) |      |
| Harbour Benefit Holdings, Inc.                      | Revolver     |  | 0.50       |  | 3,180                |             |            | (4)           |       |
| Heartland Home Services, Inc                        | Delayed Draw |  | 1.00       |  | 303                  |             |            | (1)           |       |
| Heartland Home Services, Inc                        | Delayed Draw |  | —    |  | 22,349               |             |            | (253)         |       |
| Heartland Home Services, Inc                        | Revolver     |  | 0.50       |  | 572                  |             |            | (1)           |       |
| Hercules Borrower LLC                               | Revolver     |  | 0.50       |  | 1,929                |             |            | 16       |       |
| Hoosier Intermediate, LLC                           | Revolver     |  | 0.50       |  | 2,400                |             |            | (37)          |       |
| Individual FoodService Holdings, LLC                | Delayed Draw |  | 1.00       |  | 791                  |             |            | (3)           |       |
| Individual FoodService Holdings, LLC                | Revolver     |  | 0.50       |  | 607                  |             |            | —  |       |
| Integrity Marketing Acquisition, LLC                | Delayed Draw |  | 1.00       |  | 5,000                |             |            | (127)         |       |
| Jeg's Automotive, LLC                               | Delayed Draw |  | 1.00       |  | 4,167                |             |            | (61)          |       |
| Jeg's Automotive, LLC                               | Revolver     |  | 0.50       |  | 1,615                |             |            | (23)          |       |
| K2 Insurance Services, LLC                          | Revolver     |  | 0.50       |  | 1,120                |             |            | (1)           |       |
| Kaseya, Inc.                                        | Delayed Draw |  | 1.00       |  | 484                  |             |            | (4)           |       |
| Kaseya, Inc.                                        | Revolver     |  | 0.50       |  | 1,543                |             |            | (13)          |       |
| Lifelong Learner Holdings, LLC                      | Revolver     |  | 0.50       |  | 2                    |             |            | —  |       |
| Liqui-Box Holdings, Inc.                            | Revolver     |  | 0.50       |  | 1,126                |             |            | (113)         |       |
| LVF Holdings, Inc.                                  | Delayed Draw |  | 1.00       |  | 4,670                |             |            | (214)         |       |
| LVF Holdings, Inc.                                  | Revolver     |  | 0.50       |  | 1,109                |             |            | (51)          |       |
| Material Holdings, LLC                              | Delayed Draw |  | —    |  | 1,916                |             |            | (58)          |       |
| Material Holdings, LLC                              | Revolver     |  | 1.00       |  | 652                  |             |            | (20)          |       |
| Maverick Acquisition, Inc.                          | Delayed Draw |  | 1.00       |  | 4,679                |             |            | (196)         |       |
| Maverick Acquisition, Inc.                          | Delayed Draw |  | 1.00       |  | 1,290                |             |            | (54)          |       |
| Medical Manufacturing Technologies, LLC             | Delayed Draw |  | 1.00       |  | 8,264                |             |            | (122)         |       |
| Medical Manufacturing Technologies, LLC             | Revolver     |  | 0.50       |  | 1,612                |             |            | (24)          |       |
| MMIT Holdings, LLC                                  | Revolver     |  | 0.50       |  | 980                  |             |            | (20)          |       |
| National Technical Systems, Inc.                    | Revolver     |  | 0.50       |  | 835                  |             |            | (2)           |       |
| NMI AcquisitionCo, Inc.                             | Revolver     |  | 0.50       |  | 1,280                |             |            | (18)          |       |
| PF Atlantic HoldCo 2, LLC                           | Delayed Draw |  | 0.80       |  | 9,517                |             |            | (147)         |       |
| PF Atlantic HoldCo 2, LLC                           | Revolver     |  | 0.50       |  | 2,759                |             |            | (43)          |       |
| Prophix Software Inc. (Canada)                      | Revolver     |  | 0.50       |  | 1,993                |             |            | 20       |       |
| PXO Holdings I Corp.                                | Delayed Draw |  | 1.00       |  | 3,287                |             |            | (66)          |       |
| PXO Holdings I Corp.                                | Revolver     |  | 0.50       |  | 1,315                |             |            | (26)          |       |
| Quantic Electronics, LLC                            | Delayed Draw |  | 1.00       |  | 3,164                |             |            | (67)          |       |
| Quantic Electronics, LLC                            | Revolver     |  | 0.50       |  | 557                  |             |            | (12)          |       |

----

|                                                     |              |  |            |  |                           |               |            |         |   |         |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--------------|--|------------|--|---------------------------|---------------|------------|---------|---|---------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated | Type         |  | Unused Fee |  | Par/ Principal Amount |               | Fair Value |
| Quantic Electronics, LLC                            | Revolver     |  | 0.50%      |  | $                         | 824      |            |         | $ | (18)    |  |
| Redwood Services Group, LLC                         | Delayed Draw |  | 1.00       |  | 10,364               |               |            | (97)    |   |
| RSC Acquisition, Inc.                               | Delayed Draw |  | 0.50       |  | 2,288                |               |            | (75)    |   |
| RSC Acquisition, Inc.                               | Revolver     |  | 0.50       |  | 462                  |               |            | (15)    |   |
| Sapphire Convention, Inc.                           | Revolver     |  | 0.50       |  | 2,652                |               |            | (355)   |   |
| Smarsh Inc.                                         | Delayed Draw |  | 1.00       |  | 1,633                |               |            | (33)    |   |
| Smarsh Inc.                                         | Revolver     |  | 0.50       |  | 408                  |               |            | (8)     |   |
| Speedstar Holding, LLC                              | Delayed Draw |  | 1.00       |  | 3,775                |               |            | 1  |   |
| Tank Holding Corp.                                  | Revolver     |  | 0.50       |  | 1,655                |               |            | (33)    |   |
| TCFI Aevex LLC                                      | Delayed Draw |  | 1.00       |  | 1,835                |               |            | (295)   |   |
| TCFI Aevex LLC                                      | Delayed Draw |  | 1.00       |  | 214                  |               |            | (34)    |   |
| Trafigura Trading LLC                               | Revolver     |  | 0.50       |  | 5,722                |               |            | (43)    |   |
| Turbo Buyer, Inc.                                   | Delayed Draw |  | 1.00       |  | 4,944                |               |            | (76)    |   |
| Turbo Buyer, Inc.                                   | Revolver     |  | 0.50       |  | 1,217                |               |            | (19)    |   |
| US INFRA SVCS Buyer, LLC                            | Delayed Draw |  | 1.00       |  | 22,234               |               |            | (665)   |   |
| U.S. Legal Support, Inc.                            | Delayed Draw |  | 0.50       |  | 2,139                |               |            | (43)    |   |
| U.S. Legal Support, Inc.                            | Revolver     |  | 0.50       |  | 214                  |               |            | (4)     |   |
| U.S. Legal Support, Inc.                            | Revolver     |  | 0.50       |  | 970                  |               |            | (19)    |   |
| Wineshipping.com LLC                                | Delayed Draw |  | 1.00       |  | 1,986                |               |            | (39)    |   |
| Wineshipping.com LLC                                | Revolver     |  | 0.50       |  | 1,430                |               |            | (28)    |   |
| Total unfunded commitments                          |              |  |            |  | $                         | 237,896  |            |         | $ | (4,889) |  |
|                                                     |              |  |            |  |                           |               |            |
|                                                     |              |  |            |  |                           |               |            |
|                                                     |              |  |            |  |                           |               |            |
|                                                     |              |  |            |  |                           |               |            |
|                                                     |              |  |            |  |                           |               |            |
|                                                     |              |  |            |  |                           |               |            |

----

|                    |  |                     |                 |            |               |                                |                 |            |  |             |   |  |  |  |  |  |  |  |  |  |
|--------------------|--|---------------------|-----------------|------------|---------------|--------------------------------|-----------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|
| Type               |  | Amortized Cost |                 | Fair Value |               | % of Fair Value |
|                    |  |                     |                 |            |               |                                |
|                    |  |                     |                 |            |               |                                |
| First Lien Debt    |  | $                   | 1,270,317  |            |               | $                              | 1,224,117  |            |  | 65.4   | % |
| Second Lien Debt   |  | 306,022        |                 |            | 304,202  |                                |                 | 16.2  |  |
| Equity Investments |  | 72,817         |                 |            | 78,699   |                                |                 | 4.2   |  |
| Investment Funds   |  | 271,097        |                 |            | 266,165  |                                |                 | 14.2  |  |
| Total              |  | $                   | 1,920,253  |            |               | $                              | 1,873,183  |            |  | 100.0  | % |

|               |  |                     |                 |            |              |                                                              |                 |           |  |             |   |  |  |  |  |  |  |  |  |  |
|---------------|--|---------------------|-----------------|------------|--------------|--------------------------------------------------------------|-----------------|-----------|--|-------------|---|--|--|--|--|--|--|--|--|--|
| Rate Type     |  | Amortized Cost |                 | Fair Value |              | % of Fair Value of First and Second Lien Debt |
| Floating Rate |  | $                   | 1,552,280  |            |              | $                                                            | 1,504,485  |           |  | 98.4   | % |
| Fixed Rate    |  | 24,059         |                 |            | 23,834  |                                                              |                 | 1.6  |  |
| Total         |  | $                   | 1,576,339  |            |              | $                                                            | 1,528,319  |           |  | 100.0  | % |

|                                                    |                     |               |            |               |                                |               |               |  |           |   |  |  |  |  |  |  |  |
|----------------------------------------------------|---------------------|---------------|------------|---------------|--------------------------------|---------------|---------------|--|-----------|---|--|--|--|--|--|--|--|
| Industry                                           | Amortized Cost |               | Fair Value |               | % of Fair Value |
| Aerospace & Defense                            | $                   | 168,620  |            |               | $                              | 164,076  |               |  | 8.8  | % |
| Automotive                                         | 80,525         |               |            | 83,567   |                                |               | 4.5      |  |
| Banking, Finance, Insurance & Real Estate      | 76,942         |               |            | 76,525   |                                |               | 4.1      |  |
| Beverage, Food & Tobacco                       | 86,390         |               |            | 83,163   |                                |               | 4.5      |  |
| Business Services                                  | 85,229         |               |            | 84,627   |                                |               | 4.6      |  |
| Capital Equipment                                  | 65,989         |               |            | 67,808   |                                |               | 3.6      |  |
| Chemicals, Plastics & Rubber                   | 74,881         |               |            | 75,619   |                                |               | 4.0      |  |
| Construction & Building                        | 12,328         |               |            | 12,144   |                                |               | 0.6      |  |
| Consumer Goods: Durable                        | 439            |               |            | 435      |                                |               | —  |  |
| Consumer Goods: Non-Durable                    | 5,307          |               |            | 4,966    |                                |               | 0.3      |  |
| Consumer Services                                  | 42,975         |               |            | 43,417   |                                |               | 2.3      |  |
| Containers, Packaging & Glass                  | 54,506         |               |            | 53,450   |                                |               | 2.9      |  |
| Energy: Oil & Gas                          | 42,427         |               |            | 42,965   |                                |               | 2.3      |  |
| Environmental Industries                           | 69,487         |               |            | 69,393   |                                |               | 3.7      |  |
| Healthcare & Pharmaceuticals                   | 253,622        |               |            | 234,809  |                                |               | 12.5     |  |
| High Tech Industries                               | 149,429        |               |            | 150,044  |                                |               | 8.0      |  |
| Hotel, Gaming & Leisure                        | 126,554        |               |            | 114,009  |                                |               | 6.1      |  |
| Investment Funds                                   | 271,097        |               |            | 266,165  |                                |               | 14.2     |  |
| Media:  Advertising, Printing & Publishing | 7,318          |               |            | 7,192    |                                |               | 0.4      |  |
|                                                    |                     |               |            |               |                                |
| Media: Diversified & Production            | 19,716         |               |            | 19,716   |                                |               | 1.1      |  |
| Metals & Mining                                | 4,213          |               |            | 4,250    |                                |               | 0.2      |  |

----

|                                |                     |                 |            |               |                                |                 |               |  |             |   |  |  |  |  |  |  |  |
|--------------------------------|---------------------|-----------------|------------|---------------|--------------------------------|-----------------|---------------|--|-------------|---|--|--|--|--|--|--|--|
| Industry                       | Amortized Cost |                 | Fair Value |               | % of Fair Value |
| Retail                         | $                   | 27,563     |            |               | $                              | 28,214     |               |  | 1.5    | % |
| Software                       | 112,274        |                 |            | 111,080  |                                |                 | 5.9      |  |
| Sovereign & Public Finance | 173            |                 |            | 558      |                                |                 | —  |  |
| Telecommunications             | 71,851         |                 |            | 64,434   |                                |                 | 3.4      |  |
|                                |                     |                 |            |               |                                |
|                                |                     |                 |            |               |                                |
| Utilities: Electric        | 873            |                 |            | 878      |                                |                 | —  |  |
| Wholesale                      | 9,525          |                 |            | 9,679    |                                |                 | 0.5      |  |
|                                | $                   | 1,920,253  |            |               | $                              | 1,873,183  |               |  | 100.0  | % |

|                |                     |                 |                 |                 |                                |                 |               |  |             |   |  |  |  |  |  |  |  |
|----------------|---------------------|-----------------|-----------------|-----------------|--------------------------------|-----------------|---------------|--|-------------|---|--|--|--|--|--|--|--|
| Geography      | Amortized Cost |                 | Fair Value |                 | % of Fair Value |
| Canada         | $                   | 46,574     |                 |                 | $                              | 47,706     |               |  | 2.5    | % |
|                |                     |                 |                 |                 |                                |
| Cyprus         | 6,458          |                 |                 | 6,934      |                                |                 | 0.4      |  |
| Italy          | 5,307          |                 |                 | 4,966      |                                |                 | 0.3      |  |
| Luxembourg     | 41,599         |                 |                 | 38,284     |                                |                 | 2.0      |  |
| Sweden         | 593            |                 |                 | 364        |                                |                 | —  |  |
| United Kingdom | 77,681         |                 |                 | 75,862     |                                |                 | 4.0      |  |
| United States  | 1,742,041      |                 |                 | 1,699,067  |                                |                 | 90.8     |  |
| Total          | $                   | 1,920,253  |                 |                 | $                              | 1,873,183  |               |  | 100.0  | % |

----

|                                                         |  |        |  |               |  |                                               |  |                                 |  |                   |  |                    |  |                    |  |                              |               |                         |              |               |             |                      |             |   |             |               |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|---------------|--|-----------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|--------------------|--|------------------------------|---------------|-------------------------|--------------|---------------|-------------|----------------------|-------------|---|-------------|---------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes     |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |               | Amortized Cost (4) |              | Fair Value(5) |             | % of Net Assets |
| First Lien Debt (62.1% of fair value)                   |  |        |  |               |  |                                               |  |                                 |  |                   |  |                    |  |                    |  |                              |               |                         |
| Advanced Web Technologies Holding Company               |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%             |  | 12/17/2020 |  | 12/17/2026 |  | $                            | 7,177    |                         |              | $             | 6,970  |                      |             | $ | 7,297  |               |  | 0.77  | % |
| Airnov, Inc.                                            |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.00%                       |  | 6.00%             |  | 12/20/2019 |  | 12/19/2025 |  | 1,862                   |               |                         | 1,833   |               |             | 1,862           |             |   | 0.20   |               |
| Allied Universal Holdco LLC                             |  | ^  |  | (2)(3)        |  | Business Services                             |  | L + 4.25%                       |  | 4.46%             |  | 2/17/2021  |  | 7/10/2026  |  | 497                     |               |                         | 500     |               |             | 498             |             |   | 0.04   |               |
| American Physician Partners, LLC                        |  | ^* |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 6.75%, 1.50% PIK            |  | 9.25%             |  | 1/7/2019   |  | 2/21/2022  |  | 27,908                  |               |                         | 27,886  |               |             | 27,908          |             |   | 2.94   |               |
| Analogic Corporation                                    |  | ^* |  | (2)(3)(14)    |  | Capital Equipment                             |  | L + 5.25%                       |  | 6.25%             |  | 6/22/2018  |  | 6/22/2024  |  | 2,434                   |               |                         | 2,412   |               |             | 2,408           |             |   | 0.25   |               |
| Applied Technical Services, LLC                         |  | ^  |  | (2)(3)(14)    |  | Business Services                             |  | L + 5.75%                       |  | 6.75%             |  | 12/29/2020 |  | 12/29/2026 |  | 536                     |               |                         | 525     |               |             | 536             |             |   | 0.06   |               |
| Appriss Health, LLC                                     |  | ^  |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 7.25%                       |  | 8.25%             |  | 5/6/2021   |  | 5/6/2027   |  | 43,247                  |               |                         | 42,406  |               |             | 43,295          |             |   | 4.56   |               |
| Apptio, Inc.                                            |  | ^  |  | (2)(3)(14)    |  | Software                                      |  | L + 7.25%                       |  | 8.25%             |  | 1/10/2019  |  | 1/10/2025  |  | 6,131                   |               |                         | 6,044   |               |             | 6,130           |             |   | 0.65   |               |
| Ascend Buyer, LLC                                       |  | ^  |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.50%             |  | 9/30/2021  |  | 9/30/2028  |  | 12,838                  |               |                         | 12,569  |               |             | 12,618          |             |   | 1.33   |               |
| Associations, Inc.                                      |  | ^  |  | (2)(3)(14)    |  | Construction & Building                   |  | L + 4.00%, 2.50% PIK            |  | 7.50%             |  | 7/2/2021   |  | 7/2/2027   |  | 11,570                  |               |                         | 11,457  |               |             | 11,599          |             |   | 1.22   |               |
| Aurora Lux FinCo S.Á.R.L. (Luxembourg)             |  | ^* |  | (2)(3)(7)     |  | Software                                      |  | L + 6.00%                       |  | 7.00%             |  | 12/24/2019 |  | 12/24/2026 |  | 32,488                  |               |                         | 31,870  |               |             | 29,269          |             |   | 3.08   |               |
| Avenu Holdings, LLC                                     |  | *      |  | (2)(3)        |  | Sovereign & Public Finance                |  | L + 5.25%                       |  | 6.25%             |  | 9/28/2018  |  | 9/28/2024  |  | 13,545                  |               |                         | 13,451  |               |             | 13,545          |             |   | 1.43   |               |
| Barnes & Noble, Inc.                                |  | ^  |  | (2)(3)(11)    |  | Retail                                        |  | L + 6.50%                       |  | 7.50%             |  | 8/7/2019   |  | 12/20/2026 |  | 28,932                  |               |                         | 27,926  |               |             | 28,146          |             |   | 2.97   |               |
| BlueCat Networks, Inc. (Canada)                         |  | *      |  | (2)(3)(7)     |  | High Tech Industries                          |  | L + 6.25%                       |  | 7.25%             |  | 10/30/2020 |  | 10/30/2026 |  | 11,468                  |               |                         | 11,270  |               |             | 11,583          |             |   | 1.22   |               |
| BMS Holdings III Corp.                                  |  | ^  |  | (2)(3)(14)    |  | Construction & Building                   |  | L + 5.50%                       |  | 6.50%             |  | 9/30/2019  |  | 9/30/2026  |  | —                 |               |                         | (180)        |               |             | (149)                |             |   | (0.02)      |               |
| Bubbles Bidco S.P.A. (Italy)                            |  | ^  |  | (2)(3)(7)(14) |  | Consumer Goods: Non-Durable               |  | L + 9.25% (100% PIK)            |  | 9.25%             |  | 10/20/2021 |  | 10/20/2028 |  | €                      | 4,700    |                         |              | 5,312    |             |                      | 5,167  |   |             | 0.54     |  |
| Bubbles Bidco S.P.A. (Italy)                            |  | ^  |  | (2)(3)(7)(14) |  | Consumer Goods: Non-Durable               |  | L + 6.25%                       |  | 6.25%             |  | 10/20/2021 |  | 10/20/2028 |  | €                      | —  |                         |              | (9)           |             |                      | (9)         |   |             | —  |  |
| Captive Resources Midco, LLC                            |  | ^* |  | (2)(3)(14)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%             |  | 6/30/2015  |  | 5/31/2027  |  | 10,223                  |               |                         | 10,104  |               |             | 10,152          |             |   | 1.07   |               |
| Chartis Holding, LLC                                    |  | ^* |  | (2)(3)(14)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%             |  | 5/1/2019   |  | 5/1/2025   |  | 694                     |               |                         | 686     |               |             | 694             |             |   | 0.07   |               |
| Chemical Computing Group ULC (Canada)                   |  | ^* |  | (2)(3)(7)(14) |  | Software                                      |  | L + 4.50%                       |  | 5.50%             |  | 8/30/2018  |  | 8/30/2024  |  | 466                     |               |                         | 465     |               |             | 464             |             |   | 0.05   |               |
| Chudy Group, LLC                                        |  | ^  |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 5.75%                       |  | 6.75%             |  | 6/30/2021  |  | 6/30/2027  |  | 826                     |               |                         | 812     |               |             | 841             |             |   | 0.09   |               |
| CircusTrix Holdings, LLC                                |  | ^* |  | (2)(3)        |  | Hotel, Gaming & Leisure                   |  | L + 5.50%, 2.50% PIK            |  | 9.00%             |  | 2/2/2018   |  | 1/16/2024  |  | 10,544                  |               |                         | 10,523  |               |             | 9,415           |             |   | 0.99   |               |
| CircusTrix Holdings, LLC                                |  | ^  |  | (2)(3)        |  | Hotel, Gaming & Leisure                   |  | L + 5.50%, 2.50% PIK            |  | 9.00%             |  | 1/8/2021   |  | 7/16/2023  |  | 697                     |               |                         | 640     |               |             | 697             |             |   | 0.07   |               |
| Cobblestone Intermediate Holdco LLC                     |  | ^  |  | (2)(3)        |  | Consumer Services                             |  | L + 5.50%                       |  | 6.25%             |  | 1/29/2020  |  | 1/29/2026  |  | 723                     |               |                         | 718     |               |             | 712             |             |   | 0.08   |               |
| Comar Holding Company, LLC                              |  | ^* |  | (2)(3)(14)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%             |  | 6/18/2018  |  | 6/18/2024  |  | 26,443                  |               |                         | 26,152  |               |             | 25,855          |             |   | 2.73   |               |
| Cority Software Inc. (Canada)                           |  | ^* |  | (2)(3)(7)(14) |  | Software                                      |  | L + 5.00%                       |  | 6.00%             |  | 7/2/2019   |  | 7/2/2026   |  | 10,515                  |               |                         | 10,334  |               |             | 10,510          |             |   | 1.11   |               |
| Cority Software Inc. (Canada)                           |  | ^  |  | (2)(3)(7)     |  | Software                                      |  | L + 7.00%                       |  | 8.00%             |  | 9/3/2020   |  | 7/2/2026   |  | 1,879                   |               |                         | 1,833   |               |             | 1,900           |             |   | 0.20   |               |
| DCA Investment Holding, LLC                             |  | ^* |  | (2)(3)(14)    |  | Healthcare & Pharmaceuticals              |  | L + 6.25%                       |  | 7.00%             |  | 3/11/2021  |  | 3/12/2027  |  | 10,841                  |               |                         | 10,680  |               |             | 10,777          |             |   | 1.14   |               |

----

|                                                         |  |        |  |            |  |                                               |  |                                 |  |                   |  |                    |  |                    |  |                              |              |                         |              |               |              |                      |             |   |              |            |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|------------|--|-----------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|--------------------|--|------------------------------|--------------|-------------------------|--------------|---------------|--------------|----------------------|-------------|---|--------------|------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes  |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |              | Amortized Cost (4) |              | Fair Value(5) |              | % of Net Assets |
| Derm Growth Partners III, LLC                           |  | ^  |  | (2)(3)(8)  |  | Healthcare & Pharmaceuticals              |  | L + 6.25%                       |  | 7.25%             |  | 5/31/2016  |  | 5/31/2022  |  | $                            | 55,808  |                         |              | $             | 50,996  |                      |             | $ | 37,471  |            |  | 3.95  | % |
| DermaRite Industries, LLC                               |  | ^* |  | (2)(3)(14) |  | Healthcare & Pharmaceuticals              |  | L + 7.00%                       |  | 8.00%             |  | 3/3/2017   |  | 3/3/2022   |  | 19,558                  |              |                         | 19,546  |               |              | 15,961          |             |   | 1.68    |            |
| Designer Brands Inc.                                    |  | ^  |  | (2)(3)(7)  |  | Retail                                        |  | L + 8.50%                       |  | 9.75%             |  | 8/7/2020   |  | 8/7/2025   |  | 17,046                  |              |                         | 16,718  |               |              | 16,846          |             |   | 1.78    |            |
| Diligent Corporation                                    |  | ^  |  | (2)(3)(14) |  | Telecommunications                            |  | L + 6.25%                       |  | 7.25%             |  | 8/4/2020   |  | 8/4/2025   |  | 603                     |              |                         | 588     |               |              | 615             |             |   | 0.06    |            |
| DTI Holdco, Inc.                                        |  | ^  |  | (2)(3)     |  | High Tech Industries                          |  | L + 4.75%                       |  | 5.75%             |  | 12/18/2018 |  | 9/30/2023  |  | 1,934                   |              |                         | 1,883   |               |              | 1,907           |             |   | 0.20    |            |
| Dwyer Instruments, Inc                                  |  | ^* |  | (2)(3)(14) |  | Capital Equipment                             |  | L + 5.50%                       |  | 6.25%             |  | 7/21/2021  |  | 7/21/2027  |  | 2,463                   |              |                         | 2,383   |               |              | 2,452           |             |   | 0.26    |            |
| Ellkay, LLC                                             |  | ^  |  | (2)(3)(14) |  | Healthcare & Pharmaceuticals              |  | L + 5.75%                       |  | 6.75%             |  | 9/14/2021  |  | 9/14/2027  |  | 14,249                  |              |                         | 13,943  |               |              | 13,923          |             |   | 1.47    |            |
| Emergency Communications Network, LLC                   |  | ^* |  | (2)(3)     |  | Telecommunications                            |  | L + 2.625%, 5.125% PIK          |  | 8.75%             |  | 6/1/2017   |  | 6/1/2023   |  | 25,261                  |              |                         | 25,201  |               |              | 21,814          |             |   | 2.30    |            |
| EPS Nass Parent, Inc.                                   |  | ^  |  | (2)(3)(14) |  | Utilities: Electric                       |  | L + 5.75%                       |  | 6.75%             |  | 4/19/2021  |  | 4/19/2028  |  | 887                     |              |                         | 869     |               |              | 878             |             |   | 0.09    |            |
| Ethos Veterinary Health LLC                             |  | ^  |  | (2)(3)     |  | Consumer Services                             |  | L + 4.75%                       |  | 4.85%             |  | 5/17/2019  |  | 5/15/2026  |  | 2,586                   |              |                         | 2,569   |               |              | 2,586           |             |   | 0.27    |            |
| EvolveIP, LLC                                           |  | ^* |  | (2)(3)(14) |  | Telecommunications                            |  | L + 5.50%                       |  | 6.50%             |  | 11/26/2019 |  | 6/7/2025   |  | 5,468                   |              |                         | 5,461   |               |              | 5,436           |             |   | 0.57    |            |
| Frontline Technologies Holdings, LLC                    |  | ^* |  | (2)(3)     |  | Software                                      |  | L + 5.25%                       |  | 6.25%             |  | 9/18/2017  |  | 9/18/2023  |  | 3,068                   |              |                         | 3,056   |               |              | 3,068           |             |   | 0.32    |            |
| Greenhouse Software, Inc.                               |  | ^  |  | (2)(3)(14) |  | Software                                      |  | L + 6.50%                       |  | 7.50%             |  | 3/1/2021   |  | 3/1/2027   |  | 15,196                  |              |                         | 14,858  |               |              | 14,870          |             |   | 1.57    |            |
| Harbour Benefit Holdings, Inc.                          |  | ^* |  | (2)(3)(14) |  | Business Services                             |  | L + 5.25%                       |  | 6.25%             |  | 12/13/2017 |  | 12/13/2024 |  | 9,451                   |              |                         | 9,377   |               |              | 9,336           |             |   | 0.98    |            |
| Heartland Home Services, Inc                            |  | ^* |  | (2)(3)(14) |  | Consumer Services                             |  | L + 6.00%                       |  | 7.00%             |  | 12/15/2020 |  | 12/15/2026 |  | 7,314                   |              |                         | 7,169   |               |              | 7,371           |             |   | 0.78    |            |
| Hercules Borrower LLC                                   |  | ^* |  | (2)(3)(14) |  | Environmental Industries                      |  | L + 6.50%                       |  | 7.50%             |  | 12/14/2020 |  | 12/14/2026 |  | 18,453                  |              |                         | 17,987  |               |              | 18,865          |             |   | 1.99    |            |
| Higginbotham Insurance Agency, Inc.                     |  | ^  |  | (2)(3)     |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%             |  | 11/25/2020 |  | 11/25/2026 |  | 4,978                   |              |                         | 4,916   |               |              | 4,978           |             |   | 0.52    |            |
| Hoosier Intermediate, LLC                               |  | ^* |  | (2)(3)(14) |  | Healthcare & Pharmaceuticals              |  | L + 5.50%                       |  | 6.50%             |  | 11/15/2021 |  | 11/15/2028 |  | 16,479                  |              |                         | 16,108  |               |              | 16,101          |             |   | 1.70    |            |
| iCIMS, Inc.                                             |  | ^  |  | (2)(3)     |  | Software                                      |  | L + 6.50%                       |  | 7.50%             |  | 9/12/2018  |  | 9/12/2024  |  | 1,671                   |              |                         | 1,652   |               |              | 1,670           |             |   | 0.18    |            |
| Individual FoodService Holdings, LLC                    |  | ^* |  | (2)(3)(14) |  | Wholesale                                     |  | L + 6.25%                       |  | 7.25%             |  | 2/21/2020  |  | 11/22/2025 |  | 8,129                   |              |                         | 7,958   |               |              | 8,143           |             |   | 0.86    |            |
| Infront Luxembourg Finance S.À R.L. (Luxembourg)   |  | ^  |  | (2)(3)(7)  |  | Hotel, Gaming & Leisure                   |  | L + 9.00%                       |  | 9.00%             |  | 5/28/2021  |  | 5/28/2027  |  | €                      | 8,250   |                         |              | 9,777    |              |                      | 9,134  |   |              | 0.96  |  |
| Integrity Marketing Acquisition, LLC                    |  | *      |  | (2)(3)     |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%             |  | 1/15/2020  |  | 8/27/2025  |  | 4,920                   |              |                         | 4,864   |               |              | 4,896           |             |   | 0.52    |            |
| Integrity Marketing Acquisition, LLC                    |  | ^  |  | (2)(3)(14) |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%             |  | 12/3/2021  |  | 8/27/2025  |  | —                 |              |                         | (75)         |               |              | (51)                 |             |   | (0.01)       |            |
| Jeg's Automotive, LLC                                   |  | ^* |  | (2)(3)(14) |  | Automotive                                    |  | L + 5.75%                       |  | 6.75%             |  | 12/22/2021 |  | 12/22/2027 |  | 30,000                  |              |                         | 29,203  |               |              | 29,200          |             |   | 3.08    |            |
| K2 Insurance Services, LLC                              |  | ^* |  | (2)(3)(14) |  | Banking, Finance, Insurance & Real Estate |  | L + 5.00%                       |  | 6.00%             |  | 7/3/2019   |  | 7/1/2026   |  | 3,364                   |              |                         | 3,305   |               |              | 3,357           |             |   | 0.35    |            |
| Kaseya, Inc.                                            |  | ^  |  | (2)(3)(14) |  | High Tech Industries                          |  | L + 5.50%, 1.00% PIK            |  | 7.50%             |  | 5/3/2019   |  | 5/3/2025   |  | 18,972                  |              |                         | 18,716  |               |              | 18,848          |             |   | 1.99    |            |
| Lifelong Learner Holdings, LLC                          |  | ^  |  | (2)(3)(14) |  | Business Services                             |  | L + 5.75%                       |  | 6.75%             |  | 10/18/2019 |  | 10/18/2026 |  | 26,210                  |              |                         | 25,830  |               |              | 24,035          |             |   | 2.53    |            |
| LinQuest Corporation                                    |  | *      |  | (2)(3)     |  | Aerospace & Defense                       |  | L + 5.75%                       |  | 6.50%             |  | 7/28/2021  |  | 7/28/2028  |  | 9,975                   |              |                         | 9,785   |               |              | 9,816           |             |   | 1.03    |            |
| Liqui-Box Holdings, Inc.                                |  | ^  |  | (2)(3)(14) |  | Containers, Packaging & Glass             |  | L + 4.50%                       |  | 5.50%             |  | 6/3/2019   |  | 6/3/2024   |  | 1,490                   |              |                         | 1,475   |               |              | 1,229           |             |   | 0.13    |            |
| LVF Holdings, Inc.                                      |  | ^* |  | (2)(3)(14) |  | Beverage, Food & Tobacco                  |  | L + 6.25%                       |  | 7.25%             |  | 6/10/2021  |  | 6/10/2027  |  | 41,227                  |              |                         | 40,356  |               |              | 40,056          |             |   | 4.22    |            |

----

|                                                               |  |        |  |                |  |                                               |  |                                 |  |                   |  |                    |  |                    |  |                              |              |                         |              |               |             |                      |              |   |             |            |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------|--|--------|--|----------------|--|-----------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|--------------------|--|------------------------------|--------------|-------------------------|--------------|---------------|-------------|----------------------|--------------|---|-------------|------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1)       |  |        |  | Footnotes      |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |              | Amortized Cost (4) |              | Fair Value(5) |             | % of Net Assets |
| Material Holdings, LLC                                        |  | ^* |  | (2)(3)(14)     |  | Business Services                             |  | L + 5.75%                       |  | 6.50%             |  | 8/19/2021  |  | 8/19/2027  |  | $                            | 6,906   |                         |              | $             | 6,741  |                      |              | $ | 6,800  |            |  | 0.72  | % |
| Maverick Acquisition, Inc.                                    |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%             |  | 6/1/2021   |  | 6/1/2027   |  | 35,962                  |              |                         | 35,192  |               |             | 35,061          |              |   | 3.70   |            |
| Medical Manufacturing Technologies, LLC                       |  | ^  |  | (2)(3)(14)     |  | Healthcare & Pharmaceuticals              |  | SOFR + 6.00%                    |  | 7.00%             |  | 12/23/2021 |  | 12/23/2027 |  | 21,280                  |              |                         | 20,654  |               |             | 20,652          |              |   | 2.18   |            |
| MMIT Holdings, LLC                                            |  | ^  |  | (2)(3)(14)     |  | High Tech Industries                          |  | L + 6.25%                       |  | 7.25%             |  | 9/15/2021  |  | 9/15/2027  |  | 11,087                  |              |                         | 10,858  |               |             | 10,853          |              |   | 1.14   |            |
| National Technical Systems, Inc.                              |  | ^  |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 5.50%                       |  | 6.50%             |  | 10/28/2020 |  | 6/12/2023  |  | 1,167                   |              |                         | 1,151   |               |             | 1,167           |              |   | 0.12   |            |
| NES Global Talent Finance US, LLC (United Kingdom)            |  | ^  |  | (2)(3)(7)      |  | Energy: Oil & Gas                     |  | L + 5.50%                       |  | 6.50%             |  | 5/9/2018   |  | 5/11/2023  |  | 9,688                   |              |                         | 9,634   |               |             | 9,424           |              |   | 0.99   |            |
| NMI AcquisitionCo, Inc.                                       |  | ^* |  | (2)(3)(14)     |  | High Tech Industries                          |  | L + 5.75%                       |  | 6.50%             |  | 9/6/2017   |  | 9/6/2025   |  | 40,335                  |              |                         | 40,206  |               |             | 39,822          |              |   | 4.20   |            |
| Performance Health Holdings, Inc.                             |  | *      |  | (2)(3)         |  | Healthcare & Pharmaceuticals              |  | L + 6.00%                       |  | 7.00%             |  | 7/12/2021  |  | 7/12/2027  |  | 7,182                   |              |                         | 7,048   |               |             | 7,083           |              |   | 0.75   |            |
| PF Atlantic Holdco 2, LLC                                     |  | ^* |  | (2)(3)(14)     |  | Hotel, Gaming & Leisure                   |  | L + 6.00%                       |  | 7.00%             |  | 11/12/2021 |  | 11/12/2027 |  | 27,723                  |              |                         | 26,941  |               |             | 26,923          |              |   | 2.84   |            |
| PF Growth Partners, LLC                                       |  | ^* |  | (2)(3)         |  | Hotel, Gaming & Leisure                   |  | L + 5.50%                       |  | 6.50%             |  | 7/1/2019   |  | 7/11/2025  |  | 8,039                   |              |                         | 7,962   |               |             | 7,922           |              |   | 0.83   |            |
| PPT Management Holdings, LLC                                  |  | ^  |  | (2)(3)         |  | Healthcare & Pharmaceuticals              |  | L + 6.00%, 2.00% PIK            |  | 9.00%             |  | 12/15/2016 |  | 12/16/2022 |  | 28,366                  |              |                         | 28,326  |               |             | 24,166          |              |   | 2.55   |            |
| Product Quest Manufacturing, LLC                              |  | ^  |  | (2)(3)(8)      |  | Containers, Packaging & Glass             |  | L + 6.75%                       |  | 10.00%            |  | 9/21/2017  |  | 3/31/2021  |  | 840                     |              |                         | 840     |               |             | 840             |              |   | 0.09   |            |
| Prophix Software Inc. (Canada)                                |  | ^  |  | (2)(3)(7)(14)  |  | Software                                      |  | L + 6.50%                       |  | 7.50%             |  | 2/1/2021   |  | 2/1/2026   |  | 10,963                  |              |                         | 10,735  |               |             | 11,093          |              |   | 1.17   |            |
| Quantic Electronics, LLC                                      |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.25%                       |  | 7.25%             |  | 11/19/2020 |  | 11/19/2026 |  | 14,625                  |              |                         | 14,333  |               |             | 14,418          |              |   | 1.52   |            |
| Quantic Electronics, LLC                                      |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.25%                       |  | 7.25%             |  | 3/1/2021   |  | 3/1/2027   |  | 8,882                   |              |                         | 8,662   |               |             | 8,727           |              |   | 0.92   |            |
| QW Holding Corporation                                        |  | ^* |  | (2)(3)         |  | Environmental Industries                      |  | L + 6.25%                       |  | 7.25%             |  | 8/31/2016  |  | 8/31/2024  |  | 42,671                  |              |                         | 42,530  |               |             | 41,933          |              |   | 4.42   |            |
| Redwood Services Group, LLC                                   |  | ^* |  | (2)(3)         |  | High Tech Industries                          |  | L + 6.00%                       |  | 7.00%             |  | 11/13/2018 |  | 6/6/2024   |  | 30,885                  |              |                         | 30,562  |               |             | 30,884          |              |   | 3.26   |            |
| Regency Entertainment, Inc.                                   |  | ^  |  | (2)(3)         |  | Media: Diversified & Production       |  | L + 6.75%                       |  | 7.75%             |  | 5/22/2020  |  | 10/22/2025 |  | 20,000                  |              |                         | 19,700  |               |             | 19,666          |              |   | 2.07   |            |
| Riveron Acquisition Holdings, Inc.                            |  | *      |  | (2)(3)         |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%             |  | 5/22/2019  |  | 5/22/2025  |  | 11,401                  |              |                         | 11,262  |               |             | 11,401          |              |   | 1.20   |            |
| RSC Acquisition, Inc.                                         |  | ^  |  | (2)(3)(14)     |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%             |  | 11/1/2019  |  | 11/1/2026  |  | 8,533                   |              |                         | 8,395   |               |             | 8,577           |              |   | 0.90   |            |
| Sapphire Convention, Inc.                                     |  | ^* |  | (2)(3)(14)     |  | Telecommunications                            |  | L + 6.25%                       |  | 7.25%             |  | 11/20/2018 |  | 11/20/2025 |  | 29,906                  |              |                         | 29,530  |               |             | 25,528          |              |   | 2.69   |            |
| SPay, Inc.                                                    |  | ^* |  | (2)(3)(14)     |  | Hotel, Gaming & Leisure                   |  | L + 2.30%, 6.95% PIK            |  | 10.25%            |  | 6/15/2018  |  | 6/17/2024  |  | 23,005                  |              |                         | 22,809  |               |             | 20,218          |              |   | 2.13   |            |
| Speedstar Holding, LLC                                        |  | ^* |  | (2)(3)(14)     |  | Automotive                                    |  | L + 7.00%                       |  | 8.00%             |  | 1/22/2021  |  | 1/22/2027  |  | 27,225                  |              |                         | 26,686  |               |             | 27,535          |              |   | 2.90   |            |
| Superior Health Linens, LLC                                   |  | ^* |  | (2)(3)(14)     |  | Business Services                             |  | L + 6.50%                       |  | 7.50%             |  | 9/30/2016  |  | 3/31/2022  |  | 16,211                  |              |                         | 16,205  |               |             | 16,211          |              |   | 1.71   |            |
| TCFI Aevex LLC                                                |  | ^* |  | (2)(3)(14)     |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%             |  | 3/18/2020  |  | 3/18/2026  |  | 11,168                  |              |                         | 10,979  |               |             | 9,276           |              |   | 0.98   |            |
| The Leaders Romans Bidco Limited (United Kingdom) Term Loan B |  | ^  |  | (2)(3)(7)      |  | Banking, Finance, Insurance & Real Estate |  | SONIA + 6.25%,2.50% PIK         |  | 9.50%             |  | 7/23/2019  |  | 6/30/2024  |  | £                       | 21,299  |                         |              | 26,328   |             |                      | 28,830  |   |             | 3.04  |  |
| The Leaders Romans Bidco Limited (United Kingdom) Term Loan C |  | ^  |  | (2)(3)(7)(14)  |  | Banking, Finance, Insurance & Real Estate |  | SONIA + 6.25%,2.50% PIK         |  | 9.50%             |  | 7/23/2019  |  | 6/30/2024  |  | £                       | 6,164   |                         |              | 7,855    |             |                      | 9,847   |   |             | 1.04  |  |
| Trafigura Trading LLC                                         |  | ^  |  | (2)(3)(13)(14) |  | Metals & Mining                           |  | L + 8.40%                       |  | 8.75%             |  | 7/26/2021  |  | 7/18/2022  |  | 2,236                   |              |                         | 2,237   |               |             | 2,086           |              |   | 0.22   |            |

----

|                                                         |  |        |  |            |  |                                  |  |                                 |  |                   |  |                    |  |                    |  |                              |              |                         |                 |               |              |                      |                 |   |              |              |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|--------|--|------------|--|----------------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|--------------------|--|------------------------------|--------------|-------------------------|-----------------|---------------|--------------|----------------------|-----------------|---|--------------|--------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |        |  | Footnotes  |  | Industry                         |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date      |  | Par/ Principal Amount ** |              | Amortized Cost (4) |                 | Fair Value(5) |              | % of Net Assets |
| Turbo Buyer, Inc.                                       |  | ^* |  | (2)(3)(14) |  | Automotive                       |  | L + 6.00%                       |  | 7.00%             |  | 12/2/2019  |  | 12/2/2025  |  | $                            | 20,377  |                         |                 | $             | 20,002  |                      |                 | $ | 19,945  |              |   | 2.10  | % |
| Unifrutti Financing PLC (Cyprus)                        |  | ^  |  | (7)        |  | Beverage, Food & Tobacco     |  | 7.50%, 1.00% PIK                |  | 8.50%             |  | 9/15/2019  |  | 9/15/2026  |  | €                      | 4,621   |                         |                 | 4,917    |              |                      | 5,353      |   |              | 0.56    |   |
| Unifrutti Financing PLC (Cyprus)                        |  | ^  |  | (7)        |  | Beverage, Food & Tobacco     |  | 11.00% PIK                      |  | 11.00%            |  | 10/22/2020 |  | 9/15/2026  |  | €                      | 756     |                         |                 | 858      |              |                      | 887        |   |              | 0.09    |   |
| US INFRA SVCS Buyer, LLC                                |  | ^* |  | (2)(3)(14) |  | Environmental Industries         |  | L + 6.50%                       |  | 7.50%             |  | 4/13/2020  |  | 4/13/2026  |  | 9,137                   |              |                         | 8,677      |               |              | 8,387           |                 |   | 0.88    |              |
| USALCO, LLC                                             |  | *      |  | (2)(3)     |  | Chemicals, Plastics & Rubber |  | L + 6.00%                       |  | 7.00%             |  | 10/19/2021 |  | 10/19/2027 |  | 1,000                   |              |                         | 981        |               |              | 981             |                 |   | 0.10    |              |
| USLS Acquisition, Inc.                                  |  | ^  |  | (2)(3)(14) |  | Business Services                |  | L + 5.50%                       |  | 6.50%             |  | 11/30/2018 |  | 11/30/2024 |  | 15,279                  |              |                         | 15,101     |               |              | 15,098          |                 |   | 1.59    |              |
| Westfall Technik, Inc.                                  |  | ^* |  | (2)(3)     |  | Chemicals, Plastics & Rubber |  | L + 5.75%                       |  | 6.75%             |  | 9/13/2018  |  | 9/13/2024  |  | 21,477                  |              |                         | 21,313     |               |              | 21,277          |                 |   | 2.24    |              |
| Westfall Technik, Inc.                                  |  | ^  |  | (2)(3)     |  | Chemicals, Plastics & Rubber |  | L + 6.25%                       |  | 7.25%             |  | 7/1/2021   |  | 9/13/2024  |  | 4,958                   |              |                         | 4,865      |               |              | 4,929           |                 |   | 0.52    |              |
| Wineshipping.com LLC                                    |  | ^* |  | (2)(3)(14) |  | Beverage, Food & Tobacco     |  | L + 5.75%                       |  | 6.75%             |  | 10/29/2021 |  | 10/29/2027 |  | 14,459                  |              |                         | 14,111     |               |              | 14,111          |                 |   | 1.49    |              |
| Yellowstone Buyer Acquisition, LLC                      |  | ^  |  | (2)(3)     |  | Consumer Goods: Durable      |  | L + 5.75%                       |  | 6.75%             |  | 9/13/2021  |  | 9/13/2027  |  | 449                     |              |                         | 440        |               |              | 440             |                 |   | 0.05    |              |
| YLG Holdings, Inc.                                      |  | ^  |  | (2)(3)     |  | Consumer Services                |  | L + 5.25%                       |  | 6.25%             |  | 9/30/2020  |  | 11/1/2025  |  | 1,980                   |              |                         | 1,930      |               |              | 1,980           |                 |   | 0.21    |              |
| First Lien Debt Total                                   |  |        |  |            |  |                                  |  |                                 |  |                   |  |                    |  |                    |  |                              |              | $                       | 1,219,219  |               |              | $                    | 1,188,862  |   |              | 125.30  | % |
|                                                         |  |        |  |            |  |                                  |  |                                 |  |                   |  |                    |  |                    |  |                              |              |                         |                 |               |              |                      |
| Second Lien Debt (17.9% of fair value)                  |  |        |  |            |  |                                  |  |                                 |  |                   |  |                    |  |                    |  |                              |              |                         |
| 11852604 Canada Inc. (Canada)                           |  | ^  |  | (2)(3)(7)  |  | Healthcare & Pharmaceuticals |  | L+9.50% (100% PIK)              |  | 10.50%            |  | 9/30/2021  |  | 9/30/2028  |  | $                            | 6,590   |                         |                 | $             | 6,432   |                      |                 | $ | 6,425   |              |   | 0.68  | % |
| AI Convoy S.A.R.L (United Kingdom)                      |  | ^  |  | (2)(3)(7)  |  | Aerospace & Defense          |  | L + 8.25%                       |  | 9.25%             |  | 1/17/2020  |  | 1/17/2028  |  | 24,814                  |              |                         | 24,359     |               |              | 25,744          |                 |   | 2.71    |              |
| Aimbridge Acquisition Co., Inc.                         |  | ^  |  | (2)(3)     |  | Hotel, Gaming & Leisure      |  | L + 7.50%                       |  | 7.60%             |  | 2/1/2019   |  | 2/1/2027   |  | 9,241                   |              |                         | 9,123      |               |              | 8,606           |                 |   | 0.92    |              |
| AP Plastics Acquisition Holdings, LLC                   |  | ^  |  | (2)(3)     |  | Chemicals, Plastics & Rubber |  | L + 7.50%                       |  | 8.25%             |  | 8/10/2021  |  | 8/10/2029  |  | 33,680                  |              |                         | 32,786     |               |              | 33,868          |                 |   | 3.57    |              |
| AQA Acquisition Holdings, Inc.                          |  | ^* |  | (2)(3)     |  | High Tech Industries             |  | L + 7.50%                       |  | 8.00%             |  | 3/3/2021   |  | 3/3/2029   |  | 35,000                  |              |                         | 34,190     |               |              | 35,027          |                 |   | 3.69    |              |
| Blackbird Purchaser, Inc.                               |  | ^  |  | (2)(3)(14) |  | Capital Equipment                |  | L + 7.50%                       |  | 8.25%             |  | 12/14/2021 |  | 4/8/2027   |  | 13,790                  |              |                         | 13,423     |               |              | 13,423          |                 |   | 1.41    |              |
| Brave Parent Holdings, Inc.                             |  | ^* |  | (2)(3)     |  | Software                         |  | L + 7.50%                       |  | 7.60%             |  | 10/3/2018  |  | 4/19/2026  |  | 18,197                  |              |                         | 17,916     |               |              | 18,197          |                 |   | 1.92    |              |
| Drilling Info Holdings, Inc.                            |  | ^  |  | (2)(3)     |  | Energy: Oil & Gas        |  | L + 8.25%                       |  | 8.35%             |  | 2/11/2020  |  | 7/30/2026  |  | 18,600                  |              |                         | 18,212     |               |              | 18,786          |                 |   | 1.98    |              |
| Jazz Acquisition, Inc.                                  |  | ^* |  | (2)(3)     |  | Aerospace & Defense          |  | L + 8.00%                       |  | 8.10%             |  | 6/13/2019  |  | 6/18/2027  |  | 23,450                  |              |                         | 23,188     |               |              | 20,828          |                 |   | 2.20    |              |
| Outcomes Group Holdings, Inc.                           |  | ^* |  | (2)(3)     |  | Business Services                |  | L + 7.50%                       |  | 7.85%             |  | 10/23/2018 |  | 10/26/2026 |  | 1,731                   |              |                         | 1,728      |               |              | 1,731           |                 |   | 0.18    |              |
| PAI Holdco, Inc.                                        |  | ^  |  | (2)(3)     |  | Automotive                       |  | L + 5.50%, 2.00% PIK            |  | 8.50%             |  | 10/28/2020 |  | 10/28/2028 |  | 13,806                  |              |                         | 13,446     |               |              | 13,806          |                 |   | 1.46    |              |
| Peraton Corp.                                           |  | ^* |  | (2)(3)     |  | Aerospace & Defense          |  | L + 7.75%                       |  | 8.50%             |  | 2/24/2021  |  | 2/1/2029   |  | 12,300                  |              |                         | 12,126     |               |              | 12,345          |                 |   | 1.30    |              |
| Quartz Holding Company                                  |  | ^  |  | (2)(3)     |  | Software                         |  | L + 8.00%                       |  | 8.10%             |  | 4/2/2019   |  | 4/2/2027   |  | 7,048                   |              |                         | 6,945      |               |              | 7,048           |                 |   | 0.74    |              |
| Stonegate Pub Company Bidco Limited (United Kingdom)    |  | ^  |  | (2)(3)(7)  |  | Beverage, Food & Tobacco     |  | SONIA + 8.50%                   |  | 8.60%             |  | 3/12/2020  |  | 3/12/2028  |  | £                       | 20,000  |                         |                 | 24,787   |              |                      | 22,263     |   |              | 2.35    |   |
| Tank Holding Corp.                                      |  | ^* |  | (2)(3)     |  | Capital Equipment                |  | L + 8.25%                       |  | 8.35%             |  | 3/26/2019  |  | 3/26/2027  |  | 35,965                  |              |                         | 35,600     |               |              | 36,325          |                 |   | 3.83    |              |
| TruGreen Limited Partnership                            |  | ^  |  | (2)(3)     |  | Consumer Services                |  | L + 8.50%                       |  | 9.25%             |  | 11/16/2020 |  | 11/2/2028  |  | 13,000                  |              |                         | 12,769     |               |              | 13,260          |                 |   | 1.40    |              |

----

|                                                         |  |       |  |           |  |                                                    |  |                                 |  |                   |  |                   |  |                   |  |                              |             |                         |               |               |             |                      |               |   |             |             |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|-------|--|-----------|--|----------------------------------------------------|--|---------------------------------|--|-------------------|--|-------------------|--|-------------------|--|------------------------------|-------------|-------------------------|---------------|---------------|-------------|----------------------|---------------|---|-------------|-------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |       |  | Footnotes |  | Industry                                           |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date  |  | Maturity Date     |  | Par/ Principal Amount ** |             | Amortized Cost (4) |               | Fair Value(5) |             | % of Net Assets |
| Watchfire Enterprises, Inc.                             |  | ^ |  | (2)(3)    |  | Media:  Advertising, Printing & Publishing |  | L + 8.25%                       |  | 9.25%             |  | 10/2/2013 |  | 10/2/2024 |  | $                            | 7,000  |                         |               | $             | 7,000  |                      |               | $ | 7,000  |             |   | 0.74  | % |
| World 50, Inc.                                          |  | ^ |  | (9)       |  | Business Services                                  |  | 11.50%                          |  | 11.50%            |  | 1/10/2020 |  | 1/9/2027  |  | 18,552                  |             |                         | 18,215   |               |             | 18,405          |               |   | 1.94   |             |
| WP CPP Holdings, LLC                                    |  | ^ |  | (2)(3)    |  | Aerospace & Defense                            |  | L + 7.75%                       |  | 8.75%             |  | 7/18/2019 |  | 4/30/2026 |  | 29,500                  |             |                         | 29,293   |               |             | 28,689          |               |   | 3.02   |             |
| Second Lien Debt Total                                  |  |       |  |           |  |                                                    |  |                                 |  |                   |  |                   |  |                   |  |                              |             | $                       | 341,538  |               |             | $                    | 341,776  |   |             | 36.02  | % |

|                                                         |  |       |  |           |  |                                                    |  |  |  |  |  |                    |  |  |  |                   |  |      |               |                |  |                      |   |           |               |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|-------|--|-----------|--|----------------------------------------------------|--|--|--|--|--|--------------------|--|--|--|-------------------|--|------|---------------|----------------|--|----------------------|---|-----------|---------------|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1) |  |       |  | Footnotes |  | Industry                                           |  |  |  |  |  | Acquisition Date   |  |  |  | Shares/ Units |  | Cost |               | Fair Value (5) |  | % of Net Assets |
| Equity Investments (4.0% of fair value)                 |  |       |  |           |  |                                                    |  |  |  |  |  |                    |  |  |  |                   |  |      |
| ANLG Holdings, LLC                                      |  | ^ |  | (6)       |  | Capital Equipment                                  |  |  |  |  |  | 6/22/2018  |  |  |  | 592          |  |      | $             | 592       |  |                      | $ | 821  |               |  | 0.09  | % |
| Appriss Health, LLC                                     |  | ^ |  | (6)       |  | Healthcare & Pharmaceuticals                   |  |  |  |  |  | 5/6/2021   |  |  |  | 5            |  |      | 4,457    |                |  | 4,662           |   |           | 0.49     |  |
| Atlas Ontario LP (Canada)                               |  | ^ |  | (6)(7)    |  | Business Services                                  |  |  |  |  |  | 4/7/2021   |  |  |  | 5,114        |  |      | 5,114    |                |  | 5,114           |   |           | 0.54     |  |
| Avenu Holdings, LLC                                     |  | ^ |  | (6)       |  | Sovereign & Public Finance                     |  |  |  |  |  | 9/28/2018  |  |  |  | 172          |  |      | 172      |                |  | 491             |   |           | 0.05     |  |
| Blackbird Holdco, Inc.                                  |  | ^ |  | (6)       |  | Capital Equipment                                  |  |  |  |  |  | 12/14/2021 |  |  |  | 10           |  |      | 9,461    |                |  | 9,461           |   |           | 1.00     |  |
| Buckeye Parent, LLC                                     |  | ^ |  | (6)       |  | Automotive                                         |  |  |  |  |  | 12/22/2021 |  |  |  | 885          |  |      | 885      |                |  | 885             |   |           | 0.09     |  |
| Chartis Holding, LLC                                    |  | ^ |  | (6)       |  | Business Services                                  |  |  |  |  |  | 5/1/2019   |  |  |  | 433          |  |      | 430      |                |  | 691             |   |           | 0.07     |  |
| CIP Revolution Holdings, LLC                            |  | ^ |  | (6)       |  | Media:  Advertising, Printing & Publishing |  |  |  |  |  | 8/19/2016  |  |  |  | 318          |  |      | 318      |                |  | 205             |   |           | 0.02     |  |
| Cority Software Inc. (Canada)                           |  | ^ |  | (6)       |  | Software                                           |  |  |  |  |  | 7/2/2019   |  |  |  | 250          |  |      | 250      |                |  | 454             |   |           | 0.05     |  |
| Derm Growth Partners III, LLC                           |  | ^ |  | (6)       |  | Healthcare & Pharmaceuticals                   |  |  |  |  |  | 5/31/2016  |  |  |  | 1,000        |  |      | 1,000    |                |  | —         |   |           | —  |  |
| Diligent Corporation                                    |  | ^ |  | (6)       |  | Telecommunications                                 |  |  |  |  |  | 4/5/2021   |  |  |  | 11           |  |      | 10,269   |                |  | 10,256          |   |           | 1.08     |  |
| ECP Parent, LLC                                         |  | ^ |  | (6)       |  | Healthcare & Pharmaceuticals                   |  |  |  |  |  | 3/29/2018  |  |  |  | 268          |  |      | —  |                |  | 290             |   |           | 0.03     |  |
| GB Vino Parent, L.P.                                    |  | ^ |  | (6)       |  | Beverage, Food & Tobacco                       |  |  |  |  |  | 10/29/2021 |  |  |  | 4            |  |      | 351      |                |  | 351             |   |           | 0.04     |  |
| Integrity Marketing Group, LLC                          |  | ^ |  | (6)       |  | Banking, Finance, Insurance & Real Estate      |  |  |  |  |  | 12/21/2021 |  |  |  | 15,039       |  |      | 14,739   |                |  | 14,738          |   |           | 1.55     |  |
| K2 Insurance Services, LLC                              |  | ^ |  | (6)       |  | Banking, Finance, Insurance & Real Estate      |  |  |  |  |  | 7/3/2019   |  |  |  | 433          |  |      | 306      |                |  | 652             |   |           | 0.07     |  |
| Legacy.com, Inc.                                        |  | ^ |  | (6)       |  | High Tech Industries                               |  |  |  |  |  | 3/20/2017  |  |  |  | 1,500        |  |      | 1,500    |                |  | 1,178           |   |           | 0.12     |  |
| Mailgun Technologies, Inc.                              |  | ^ |  | (6)       |  | High Tech Industries                               |  |  |  |  |  | 3/26/2019  |  |  |  | 104          |  |      | —  |                |  | 1,328           |   |           | 0.14     |  |
| North Haven Goldfinch Topco, LLC                        |  | ^ |  | (6)       |  | Containers, Packaging & Glass                  |  |  |  |  |  | 6/18/2018  |  |  |  | 2,315        |  |      | 2,315    |                |  | 2,412           |   |           | 0.25     |  |
| Pascal Ultimate Holdings, L.P                           |  | ^ |  | (6)       |  | Capital Equipment                                  |  |  |  |  |  | 7/21/2021  |  |  |  | 36           |  |      | 364      |                |  | 364             |   |           | 0.04     |  |
| Tailwind HMT Holdings Corp.                             |  | ^ |  | (6)       |  | Energy: Oil & Gas                          |  |  |  |  |  | 11/17/2017 |  |  |  | 22           |  |      | 1,558    |                |  | 1,719           |   |           | 0.18     |  |
| Tank Holding Corp.                                      |  | ^ |  | (6)       |  | Capital Equipment                                  |  |  |  |  |  | 3/26/2019  |  |  |  | 850          |  |      | 482      |                |  | 1,261           |   |           | 0.13     |  |
| Titan DI Preferred Holdings, Inc.                       |  | ^ |  | (6)       |  | Energy: Oil & Gas                          |  |  |  |  |  | 2/11/2020  |  |  |  | 12,843       |  |      | 12,587   |                |  | 12,971          |   |           | 1.37     |  |
| Turbo Buyer, Inc.                                       |  | ^ |  | (6)       |  | Automotive                                         |  |  |  |  |  | 12/2/2019  |  |  |  | 1,925        |  |      | 933      |                |  | 2,773           |   |           | 0.29     |  |
| Unifrutti Financing PLC (Cyprus)                        |  | ^ |  | (6)       |  | Beverage, Food & Tobacco                       |  |  |  |  |  | 10/22/2020 |  |  |  | —      |  |      | 481      |                |  | 648             |   |           | 0.07     |  |
| Unifrutti Financing PLC (Cyprus)                        |  | ^ |  | (6)       |  | Beverage, Food & Tobacco                       |  |  |  |  |  | 10/22/2020 |  |  |  | 1            |  |      | 133      |                |  | 209             |   |           | 0.02     |  |

----

|                                                           |  |       |  |           |  |                   |  |  |  |  |  |                    |  |   |                 |                   |  |      |                 |                |  |                      |              |           |            |            |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|--|-------|--|-----------|--|-------------------|--|--|--|--|--|--------------------|--|---|-----------------|-------------------|--|------|-----------------|----------------|--|----------------------|--------------|-----------|------------|------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated (1)   |  |       |  | Footnotes |  | Industry          |  |  |  |  |  | Acquisition Date   |  |   |                 | Shares/ Units |  | Cost |                 | Fair Value (5) |  | % of Net Assets |
| USLS Acquisition, Inc.                                    |  | ^ |  | (6)       |  | Business Services |  |  |  |  |  | 11/30/2018 |  |   |                 | 641          |  |      | $               | 641       |  |                      | $            | 940  |            |            | 0.10  | % |
| W50 Parent LLC                                            |  | ^ |  | (6)       |  | Business Services |  |  |  |  |  | 1/10/2020  |  |   |                 | 500          |  |      | 190        |                |  | 763             |              |           | 0.08  |            |
| Zenith American Holding, Inc.                             |  | ^ |  | (6)       |  | Business Services |  |  |  |  |  | 12/13/2017 |  |   |                 | 1,564        |  |      | 782        |                |  | 1,456           |              |           | 0.15  |            |
| Equity Investments Total                                  |  |       |  |           |  |                   |  |  |  |  |  |                    |  |   |                 |                   |  | $    | 70,310     |                |  | $                    | 77,093  |           |            | 8.13  | %          |
| Total investments—non-controlled/non-affiliated |  |       |  |           |  |                   |  |  |  |  |  |                    |  | $ | 1,631,067  |                   |  | $    | 1,607,731  |                |  | 169.45          | %            |

|                                                 |  |        |  |                |  |                             |  |                                 |  |                   |  |                    |  |                   |  |                              |              |                    |              |                |              |                           |              |   |              |            |   |           |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|--|--------|--|----------------|--|-----------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|-------------------|--|------------------------------|--------------|--------------------|--------------|----------------|--------------|---------------------------|--------------|---|--------------|------------|---|-----------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/affiliated |  |        |  | Footnotes      |  | Industry                    |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date   |  | Maturity Date     |  | Par/ Principal Amount ** |              | Amortized Cost (4) |              | Fair Value (5) |              | % of Net Assets |
| First Lien Debt (1.6% of fair value)            |  |        |  |                |  |                             |  |                                 |  |                   |  |                    |  |                   |  |                              |              |                    |
| Direct Travel, Inc.                             |  | ^* |  | (2)(3)(8)(12)  |  | Hotel, Gaming & Leisure |  | L + 1.00%, 7.50% PIK            |  | 9.50%             |  | 10/14/2016 |  | 10/1/2023 |  | $                            | 36,711  |                    |              | $              | 35,859  |                           |              | $ | 27,555  |            |   | 2.9  | % |
| Direct Travel, Inc.                             |  | ^  |  | (2)(3)(12)(14) |  | Hotel, Gaming & Leisure |  | L + 6.00%                       |  | 7.00%             |  | 10/1/2020  |  | 10/1/2023 |  | 2,731                   |              |                    | 2,603   |                |              | 2,731                |              |   | 0.29    |            |
| First Lien Debt Total                           |  |        |  |                |  |                             |  |                                 |  |                   |  |                    |  |                   |  |                              |              | $                  | 38,462  |                |              | $                         | 30,286  |   |              | 3.19  | % |

|                                                       |  |       |  |           |  |                             |  |  |  |  |  |                   |  |   |              |                   |  |      |               |                    |  |                           |               |               |  |               |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|--|-------|--|-----------|--|-----------------------------|--|--|--|--|--|-------------------|--|---|--------------|-------------------|--|------|---------------|--------------------|--|---------------------------|---------------|---------------|--|---------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/affiliated       |  |       |  | Footnotes |  | Industry                    |  |  |  |  |  | Acquisition Date  |  |   |              | Shares/ Units |  | Cost |               | FairValue (5) |  | % of Net Assets |
| Equity Investments (0.0% of fair value)               |  |       |  |           |  |                             |  |  |  |  |  |                   |  |   |              |                   |  |      |               |                    |
| Direct Travel, Inc.                                   |  | ^ |  | (6)(12)   |  | Hotel, Gaming & Leisure |  |  |  |  |  | 10/1/2020 |  |   |              | 43           |  |      | $             | —       |  |                           | $             | —  |  |               | —  | % |
| Equity Investments Total                              |  |       |  |           |  |                             |  |  |  |  |  |                   |  |   |              | 43                |  | $    | —  |                    |  | $                         | —  |               |  | —  | %             |
| Total investments—non-controlled/affiliated |  |       |  |           |  |                             |  |  |  |  |  |                   |  | $ | 38,462  |                   |  | $    | 30,286   |                    |  | 3.19                 | %             |

|                                                  |  |       |  |                |  |                    |  |                                 |  |                   |  |                   |  |                    |  |                              |             |                    |              |                |             |                           |              |   |             |            |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------|--|-------|--|----------------|--|--------------------|--|---------------------------------|--|-------------------|--|-------------------|--|--------------------|--|------------------------------|-------------|--------------------|--------------|----------------|-------------|---------------------------|--------------|---|-------------|------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated      |  |       |  | Footnotes      |  | Industry           |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Acquisition Date  |  | Maturity Date      |  | Par/ Principal Amount ** |             | Amortized Cost (4) |              | Fair Value (5) |             | % of Net Assets |
| First Lien Debt (0.7% of fair value)             |  |       |  |                |  |                    |  |                                 |  |                   |  |                   |  |                    |  |                              |             |                    |
| SolAero Technologies Corp. (A1 Term Loan)        |  | ^ |  | (2)(3)(8)(10)  |  | Telecommunications |  | L + 8.00% (100% PIK)            |  | 9.00%             |  | 4/12/2019 |  | 10/12/2022 |  | $                            | 3,166  |                    |              | $              | 3,166  |                           |              | $ | 2,850  |            |   | 0.30  | % |
| SolAero Technologies Corp. (A2 Term Loan)        |  | ^ |  | (2)(3)(8)(10)  |  | Telecommunications |  | L + 8.00% (100% PIK)            |  | 9.00%             |  | 4/12/2019 |  | 10/12/2022 |  | 8,707                   |             |                    | 8,707   |                |             | 7,835                |              |   | 0.83   |            |
| SolAero Technologies Corp. (Priority Facilities) |  | ^ |  | (2)(3)(10)(14) |  | Telecommunications |  | L + 6.00%                       |  | 7.00%             |  | 4/12/2019 |  | 10/12/2022 |  | 2,251                   |             |                    | 2,240   |                |             | 2,251                |              |   | 0.24   |            |
| First Lien Debt Total                            |  |       |  |                |  |                    |  |                                 |  |                   |  |                   |  |                    |  |                              |             | $                  | 14,113  |                |             | $                         | 12,936  |   |             | 1.36  | % |

----

|                                             |  |       |  |           |  |                    |  |  |  |  |  |                   |  |  |  |                   |  |      |             |                    |  |                           |               |               |  |               |               |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|--|-------|--|-----------|--|--------------------|--|--|--|--|--|-------------------|--|--|--|-------------------|--|------|-------------|--------------------|--|---------------------------|---------------|---------------|--|---------------|---------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated |  |       |  | Footnotes |  | Industry           |  |  |  |  |  | Acquisition Date  |  |  |  | Shares/ Units |  | Cost |             | FairValue (5) |  | % of Net Assets |
| Equity Investments (0.0% of fair value)     |  |       |  |           |  |                    |  |  |  |  |  |                   |  |  |  |                   |  |      |
| SolAero Technologies Corp.                  |  | ^ |  | (6)(10)   |  | Telecommunications |  |  |  |  |  | 4/12/2019 |  |  |  | 3            |  |      | $           | 2,815         |  |                           | $             | —  |  |               | —  | % |
| Equity Investments Total                    |  |       |  |           |  |                    |  |  |  |  |  |                   |  |  |  |                   |  | $    | 2,815  |                    |  | $                         | —  |               |  | —  | %             |

|                                                                         |  |       |  |               |  |                  |  |                                |  |                  |  |                   |  |                    |               |                              |              |      |                 |               |              |                      |                 |   |               |              |   |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------|--|-------|--|---------------|--|------------------|--|--------------------------------|--|------------------|--|-------------------|--|--------------------|---------------|------------------------------|--------------|------|-----------------|---------------|--------------|----------------------|-----------------|---|---------------|--------------|---|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated                             |  |       |  | Footnotes     |  | Industry         |  | Reference Rate & Spread(2) |  | Interest Rate(2) |  | Acquisition Date  |  | Maturity Date      |               | Par Amount/ LLC Interest |              | Cost |                 | Fair Value(7) |              | % of Net Assets |
|                                                                         |
| Investment Funds (13.7% of fair value)                                  |  |       |  |               |  |                  |  |                                |  |                  |  |                   |  |                    |               |                              |              |      |
| Middle Market Credit Fund II, LLC, Member's Interest                    |  | ^ |  | (7)(10)       |  | Investment Funds |  | N/A                        |  | —%         |  | 11/3/2020 |  | 12/31/2030 |               | $                            | 78,122  |      |                 | $             | 78,096  |                      |                 | $ | 77,958   |              |   | 8.22  | % |
| Middle Market Credit Fund, LLC, Subordinated Loan and Member's Interest |  | ^ |  | (7)(10)       |  | Investment Funds |  | N/A                        |  | —%         |  | 2/29/2016 |  | 12/31/2024 |               | 193,000                 |              |      | 193,000    |               |              | 184,141         |                 |   | 19.41    |              |
| Middle Market Credit Fund, Mezzanine Loan                               |  | ^ |  | (2)(7)(9)(10) |  | Investment Funds |  | L + 9.00%                      |  | 9.210%           |  | 6/30/2016 |  | 5/21/2022  |               | —                 |              |      | —    |               |              | —         |                 |   | —  |              |
| Investment Funds Total                                                  |  |       |  |               |  |                  |  |                                |  |                  |  |                   |  |                    |               |                              |              | $    | 271,096    |               |              | $                    | 262,099    |   |               | 27.62   | % |
| Total investments—controlled/affiliated                       |  |       |  |               |  |                  |  |                                |  |                  |  |                   |  | $                  | 288,024  |                              |              | $    | 275,035    |               |              | 29.00           | %               |
| Total investments                                                       |  |       |  |               |  |                  |  |                                |  |                  |  |                   |  |                    |               |                              |              | $    | 1,957,553  |               |              | $                    | 1,913,052  |   |               | 201.63  | % |

----

|                                                                               |                                    |               |                         |               |                                    |               |                               |  |                                                      |               |                                    |  |                              |               |  |               |   |               |              |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------|------------------------------------|---------------|-------------------------|---------------|------------------------------------|---------------|-------------------------------|--|------------------------------------------------------|---------------|------------------------------------|--|------------------------------|---------------|--|---------------|---|---------------|--------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated                                   | Fair Value as of December 31, 2020 |               | Additions/Purchases |               | Reductions/Sales/ Paydowns |               | Net Realized Gain (Loss) |  | Net Change in Unrealized Appreciation (Depreciation) |               | Fair Value as of December 31, 2021 |  | Dividend and Interest Income |
| Middle Market Credit Fund, LLC, Mezzanine Loan                                | $                                  | —  |                         |               | $                                  | —  |                               |  | $                                                    | —  |                                    |  | $                            | —  |  |               | $ | —  |              |  | $ | —  |  |  | $ | —  |  |
| Middle Market Credit Fund, LLC, Subordinated Loan and Member’s Interest | 205,891                       |               |                         | —  |                                    |               | (23,000)                      |  |                                                      | —  |                                    |  | 1,250                   |               |  | 184,141  |   |               | 20,000  |  |
| Middle Market Credit Fund II, LLC, Member’s Interest                    | 77,395                        |               |                         | —  |                                    |               | —                  |  |                                                      | —  |                                    |  | 563                     |               |  | 77,958   |   |               | 10,063  |  |
| Total investments—controlled/affiliated                             | $                                  | 283,286  |                         |               | $                                  | —  |                               |  | $                                                    | (23,000)      |                                    |  | $                            | —  |  |               | $ | 1,813    |              |  | $ | 262,099  |  |  | $ | 30,063   |  |

|                                                   |                                    |             |                         |               |                                    |               |                               |  |                                                      |               |                                    |  |                              |               |  |               |   |             |               |  |   |              |  |  |   |           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------|------------------------------------|-------------|-------------------------|---------------|------------------------------------|---------------|-------------------------------|--|------------------------------------------------------|---------------|------------------------------------|--|------------------------------|---------------|--|---------------|---|-------------|---------------|--|---|--------------|--|--|---|-----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—controlled/affiliated       | Fair Value as of December 31, 2020 |             | Additions/Purchases |               | Reductions/Sales/ Paydowns |               | Net Realized Gain (Loss) |  | Net Change in Unrealized Appreciation (Depreciation) |               | Fair Value as of December 31, 2021 |  | Dividend and Interest Income |
| SolAero Technologies Corp. (Priority Term Loan)   | 2,460                         |             |                         | —  |                                    |               | (189)                         |  |                                                      | —  |                                    |  | (20)                         |               |  | 2,251    |   |             | 185      |  |
| SolAero Technologies Corp. (A1 Term Loan)         | 1,214                         |             |                         | —  |                                    |               | —                  |  |                                                      | —  |                                    |  | 1,636                   |               |  | 2,850    |   |             | —  |  |
| SolAero Technologies Corp. (A2 Term Loan)         | 3,338                         |             |                         | —  |                                    |               | —                  |  |                                                      | —  |                                    |  | 4,497                   |               |  | 7,835    |   |             | —  |  |
| Solaero Technology Corp. (Equity)                 | —                       |             |                         | —  |                                    |               | —                  |  |                                                      | —  |                                    |  | —                 |               |  | —  |   |             | —  |  |
| Total investments—controlled/affiliated | $                                  | 7,012  |                         |               | $                                  | —  |                               |  | $                                                    | (189)         |                                    |  | $                            | —  |  |               | $ | 6,113  |               |  | $ | 12,936  |  |  | $ | 185  |  |

|                                                       |                                    |              |                         |               |                                    |               |                               |  |                                                      |               |                                    |  |                              |         |  |               |   |             |               |  |   |              |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------|------------------------------------|--------------|-------------------------|---------------|------------------------------------|---------------|-------------------------------|--|------------------------------------------------------|---------------|------------------------------------|--|------------------------------|---------|--|---------------|---|-------------|---------------|--|---|--------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/affiliated       | Fair Value as of December 31, 2020 |              | Additions/Purchases |               | Reductions/Sales/ Paydowns |               | Net Realized Gain (Loss) |  | Net Change in Unrealized Appreciation (Depreciation) |               | Fair Value as of December 31, 2021 |  | Dividend and Interest Income |
| Direct Travel, Inc.                                   | $                                  | 24,949  |                         |               | $                                  | —  |                               |  | $                                                    | (484)         |                                    |  | $                            | 3  |  |               | $ | 3,087  |               |  | $ | 27,555  |  |  | $ | —  |  |
| Direct Travel, Inc.                                   | 1,231                         |              |                         | 1,372    |                                    |               | —                  |  |                                                      | —  |                                    |  | 128                     |         |  | 2,731    |   |             | 173      |  |
| Direct Travel, Inc. (Equity)                          | —                       |              |                         | —  |                                    |               | —                  |  |                                                      | —  |                                    |  | —                 |         |  | —  |   |             | —  |  |
| Total investments—non-controlled/affiliated | $                                  | 26,180  |                         |               | $                                  | 1,372    |                               |  | $                                                    | (484)         |                                    |  | $                            | 3  |  |               | $ | 3,215  |               |  | $ | 30,286  |  |  | $ | 173      |  |

----

|                                                                                             |              |  |            |  |                           |             |            |               |      |          |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------|--------------|--|------------|--|---------------------------|-------------|------------|---------------|------|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated                                         | Type         |  | Unused Fee |  | Par/ Principal Amount |             | Fair Value |
| First and Second Lien Debt—unfunded delayed draw and revolving term loans commitments |              |  |            |  |
| Advanced Web Technologies Holding Company                                                   | Delayed Draw |  | 1.00%      |  | $                         | 2,723  |            |               | $    | 27  |  |
| Advanced Web Technologies Holding Company                                                   | Delayed Draw |  | 1.00       |  | 1,051                |             |            | 11       |      |
| Advanced Web Technologies Holding Company                                                   | Revolver     |  | 0.50       |  | 906                  |             |            | 9        |      |
| Airnov, Inc.                                                                                | Revolver     |  | 0.50       |  | 875                  |             |            | —  |      |
| American Physician Partners, LLC                                                            | Revolver     |  | 0.50       |  | 550                  |             |            | —  |      |
| Analogic Corporation                                                                        | Revolver     |  | 0.50       |  | 72                   |             |            | (1)           |      |
| Applied Technical Services, LLC                                                             | Revolver     |  | 0.50       |  | 40                   |             |            | —  |      |
| Appriss Health, LLC                                                                         | Revolver     |  | 0.50       |  | 2,963                |             |            | 3        |      |
| Apptio, Inc.                                                                                | Revolver     |  | 0.50       |  | 1,420                |             |            | —  |      |
| Ascend Buyer, LLC                                                                           | Revolver     |  | 0.50       |  | 1,070                |             |            | (17)          |      |
| Associations, Inc.                                                                          | Revolver     |  | 0.50       |  | 723                  |             |            | 2        |      |
| Blackbird Purchaser, Inc.                                                                   | Delayed Draw |  | 1.00       |  | 4,597                |             |            | (92)          |      |
| BMS Holdings III Corp.                                                                      | Delayed Draw |  | 1.00       |  | 9,688                |             |            | (149)         |      |
| Bubbles Bidco S.P.A. (Italy)                                                                | Delayed Draw |  | 2.80       |  | €                   | 873    |            |               | (30) |          |
| Bubbles Bidco S.P.A. (Italy)                                                                | Delayed Draw |  | —    |  | €                   | 537    |            |               | (9)  |          |
| Captive Resources Midco, LLC                                                                | Revolver     |  | 0.50       |  | 2,143                |             |            | (12)          |      |
| Chartis Holding, LLC                                                                        | Revolver     |  | 0.50       |  | 217                  |             |            | —  |      |
| Chemical Computing Group ULC (Canada)                                                       | Revolver     |  | 0.50       |  | 29                   |             |            | —  |      |
| Chudy Group, LLC                                                                            | Delayed Draw |  | 1.00       |  | 138                  |             |            | 2        |      |
| Chudy Group, LLC                                                                            | Revolver     |  | 0.50       |  | 34                   |             |            | 1        |      |
| Comar Holding Company, LLC                                                                  | Revolver     |  | 0.50       |  | 2,935                |             |            | (59)          |      |
| Cority Software Inc. (Canada)                                                               | Revolver     |  | 0.50       |  | 3,000                |             |            | (1)           |      |
| DCA Investment Holding, LLC                                                                 | Delayed Draw |  | 1.00       |  | 1,495                |             |            | (8)           |      |
| DermaRite Industries, LLC                                                                   | Revolver     |  | 0.50       |  | 579                  |             |            | (103)         |      |
| Diligent Corporation                                                                        | Delayed Draw |  | 1.00       |  | 110                  |             |            | 2        |      |
| Diligent Corporation                                                                        | Revolver     |  | 0.50       |  | 47                   |             |            | 1        |      |
| Direct Travel, Inc.                                                                         | Delayed Draw |  | 0.50       |  | 1,657                |             |            | —  |      |
| Dwyer Instruments, Inc                                                                      | Delayed Draw |  | 1.00       |  | 1,003                |             |            | (3)           |      |
| Dwyer Instruments, Inc                                                                      | Revolver     |  | 0.50       |  | 411                  |             |            | (1)           |      |
| Ellkay, LLC                                                                                 | Revolver     |  | 0.50       |  | 1,786                |             |            | (36)          |      |
| EPS Nass Parent, Inc.                                                                       | Delayed Draw |  | 1.00       |  | 85                   |             |            | (1)           |      |
| EPS Nass Parent, Inc.                                                                       | Revolver     |  | 0.50       |  | 25                   |             |            | —  |      |

----

|                                                     |              |  |            |  |                           |  |            |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--------------|--|------------|--|---------------------------|--|------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated | Type         |  | Unused Fee |  | Par/ Principal Amount |  | Fair Value |
| EvolveIP, LLC                                       | Revolver     |  | 0.50       |  | 798                  |  |            | (4)           |  |
| Greenhouse Software, Inc.                           | Revolver     |  | 0.50       |  | 1,471                |  |            | (29)          |  |
| Harbour Benefit Holdings, Inc.                      | Revolver     |  | 0.50       |  | 2,120                |  |            | (21)          |  |
| Heartland Home Services, Inc                        | Delayed Draw |  | 1.00       |  | 6,902                |  |            | 27       |  |
| Heartland Home Services, Inc                        | Revolver     |  | 0.50%      |  | 598                  |  |            | 2        |  |
| Hercules Borrower LLC                               | Revolver     |  | 0.50       |  | 2,160                |  |            | 43       |  |
| Hoosier Intermediate, LLC                           | Revolver     |  | 0.50       |  | 2,400                |  |            | (48)          |  |
| Individual FoodService Holdings, LLC                | Delayed Draw |  | 1.00       |  | 48                   |  |            | —  |  |
| Individual Foodservice Holdings, LLC                | Delayed Draw |  | 1.00       |  | 890                  |  |            | 3        |  |
| Individual FoodService Holdings, LLC                | Delayed Draw |  | 1.00       |  | 188                  |  |            | —  |  |
| Individual FoodService Holdings, LLC                | Revolver     |  | 0.50       |  | 706                  |  |            | —  |  |
| Integrity Marketing Acquisition, LLC                | Delayed Draw |  | —    |  | 5,000                |  |            | (51)          |  |
| Jeg's Automotive, LLC                               | Delayed Draw |  | 1.00       |  | 6,667                |  |            | (133)         |  |
| Jeg's Automotive, LLC                               | Revolver     |  | 0.50       |  | 3,333                |  |            | (67)          |  |
| K2 Insurance Services, LLC                          | Revolver     |  | 0.50       |  | 1,120                |  |            | (2)           |  |
| Kaseya, Inc.                                        | Delayed Draw |  | 1.00       |  | 585                  |  |            | (3)           |  |
| Kaseya, Inc.                                        | Revolver     |  | 0.50       |  | 1,543                |  |            | (9)           |  |
| Lifelong Learner Holdings, LLC                      | Revolver     |  | 0.50       |  | 2                    |  |            | —  |  |
| Liqui-Box Holdings, Inc.                            | Revolver     |  | 0.50       |  | 1,140                |  |            | (113)         |  |
| LVF Holdings, Inc.                                  | Delayed Draw |  | 1.00       |  | 4,670                |  |            | (116)         |  |
| LVF Holdings, Inc.                                  | Revolver     |  | 0.50       |  | 1,459                |  |            | (36)          |  |
| Material Holdings, LLC                              | Delayed Draw |  | —    |  | 1,916                |  |            | (21)          |  |
| Material Holdings, LLC                              | Revolver     |  | 1.00       |  | 806                  |  |            | (9)           |  |
| Maverick Acquisition, Inc.                          | Delayed Draw |  | 1.00       |  | 4,679                |  |            | (101)         |  |
| Maverick Acquisition, Inc.                          | Delayed Draw |  | 1.00       |  | 1,290                |  |            | (28)          |  |
| Medical Manufacturing Technologies, LLC             | Delayed Draw |  | 1.00       |  | 8,264                |  |            | (165)         |  |
| Medical Manufacturing Technologies, LLC             | Revolver     |  | 0.50       |  | 1,859                |  |            | (37)          |  |
| MMIT Holdings, LLC                                  | Revolver     |  | 0.50       |  | 857                  |  |            | (17)          |  |
| National Technical Systems, Inc.                    | Revolver     |  | 0.50       |  | 835                  |  |            | —  |  |
| NMI AcquisitionCo, Inc.                             | Revolver     |  | 0.50       |  | 1,280                |  |            | (16)          |  |
| PF Atlantic HoldCo 2, LLC                           | Delayed Draw |  | 0.75       |  | 9,517                |  |            | (190)         |  |
| PF Atlantic HoldCo 2, LLC                           | Revolver     |  | 0.50       |  | 2,759                |  |            | (55)          |  |
| Prophix Software Inc. (Canada)                      | Revolver     |  | 0.50       |  | 1,993                |  |            | 20       |  |
| Quantic Electronics, LLC                            | Revolver     |  | 0.50       |  | 557                  |  |            | (7)           |  |
| Quantic Electronics, LLC                            | Delayed Draw |  | 1.00       |  | 3,164                |  |            | (41)          |  |
| Quantic Electronics, LLC                            | Revolver     |  | 0.50       |  | 824                  |  |            | (11)          |  |
| RSC Acquisition, Inc.                               | Delayed Draw |  | 0.50       |  | 2,435                |  |            | 9        |  |

----

|                                                     |              |  |            |  |                           |               |            |               |           |         |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|--------------|--|------------|--|---------------------------|---------------|------------|---------------|-----------|---------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investments—non-controlled/non-affiliated | Type         |  | Unused Fee |  | Par/ Principal Amount |               | Fair Value |
| RSC Acquisition, Inc.                               | Revolver     |  | 0.50       |  | 215                  |               |            | 1        |           |
| Sapphire Convention, Inc.                           | Revolver     |  | 0.50       |  | 2,561                |               |            | (345)         |           |
| SolAero Technologies Corp. (Priority Facilities)    | Revolver     |  | 0.50       |  | 984                  |               |            | —  |           |
| SolAero Technologies Corp. (Priority Facilities)    | Revolver     |  | 0.50       |  | 1,084                |               |            | —  |           |
| Speedstar Holding, LLC                              | Delayed Draw |  | 1.00%      |  | 3,775                |               |            | 38       |           |
| Superior Health Linens, LLC                         | Revolver     |  | 0.50       |  | 417                  |               |            | —  |           |
| TCFI Aevex LLC                                      | Delayed Draw |  | 1.00       |  | 1,835                |               |            | (263)         |           |
| TCFI Aevex LLC                                      | Delayed Draw |  | 1.00       |  | 214                  |               |            | (31)          |           |
| The Leaders Romans Bidco Limited (United Kingdom)   | Delayed Draw |  | 1.60       |  | £                    | 1,902    |            |               | 399  |         |
| Trafigura Trading LLC                               | Revolver     |  | 0.50       |  | 7,762                |               |            | (133)         |           |
| Turbo Buyer, Inc.                                   | Revolver     |  | 0.50       |  | 1,217                |               |            | (24)          |           |
| US INFRA SVCS Buyer, LLC                            | Delayed Draw |  | 1.00       |  | 22,234               |               |            | (527)         |           |
| US INFRA SVCS Buyer, LLC                            | Revolver     |  | 0.50       |  | 263                  |               |            | (6)           |           |
| USLS Acquisition, Inc.                              | Revolver     |  | 0.50       |  | 1,135                |               |            | (12)          |           |
| Wineshipping.com LLC                                | Delayed Draw |  | 1.00       |  | 1,986                |               |            | (39)          |           |
| Wineshipping.com LLC                                | Revolver     |  | 0.50       |  | 1,430                |               |            | (28)          |           |
| Total unfunded commitments                          |              |  |            |  | $                         | 180,498  |            |               | $         | (2,660) |  |

|                    |  |                     |                 |            |               |                                |                 |            |  |             |   |  |  |  |  |  |  |  |  |  |
|--------------------|--|---------------------|-----------------|------------|---------------|--------------------------------|-----------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|
| Type               |  | Amortized Cost |                 | Fair Value |               | % of Fair Value |
|                    |  |                     |                 |            |               |                                |
|                    |  |                     |                 |            |               |                                |
| First Lien Debt    |  | $                   | 1,271,794  |            |               | $                              | 1,232,084  |            |  | 64.4   | % |
| Second Lien Debt   |  | 341,538        |                 |            | 341,776  |                                |                 | 17.9  |  |
| Equity Investments |  | 73,125         |                 |            | 77,093   |                                |                 | 4.0   |  |
| Investment Funds   |  | 271,096        |                 |            | 262,099  |                                |                 | 13.7  |  |
| Total              |  | $                   | 1,957,553  |            |               | $                              | 1,913,052  |            |  | 100.0  | % |

----

|               |  |                     |                 |            |              |                                                              |                 |           |  |             |   |  |  |  |  |  |  |  |  |  |
|---------------|--|---------------------|-----------------|------------|--------------|--------------------------------------------------------------|-----------------|-----------|--|-------------|---|--|--|--|--|--|--|--|--|--|
| Rate Type     |  | Amortized Cost |                 | Fair Value |              | % of Fair Value of First and Second Lien Debt |
| Floating Rate |  | $                   | 1,589,342  |            |              | $                                                            | 1,549,215  |           |  | 98.4   | % |
| Fixed Rate    |  | 23,990         |                 |            | 24,645  |                                                              |                 | 1.6  |  |
| Total         |  | $                   | 1,613,332  |            |              | $                                                            | 1,573,860  |           |  | 100.0  | % |

|                                                    |                     |                 |            |               |                                |                 |               |  |             |   |  |  |  |  |  |  |  |
|----------------------------------------------------|---------------------|-----------------|------------|---------------|--------------------------------|-----------------|---------------|--|-------------|---|--|--|--|--|--|--|--|
| Industry                                           | Amortized Cost |                 | Fair Value |               | % of Fair Value |
| Aerospace & Defense                            | $                   | 169,068    |            |               | $                              | 166,071    |               |  | 8.7    | % |
| Automotive                                         | 91,155         |                 |            | 94,144   |                                |                 | 4.9      |  |
| Banking, Finance, Insurance & Real Estate      | 91,999         |                 |            | 97,377   |                                |                 | 5.1      |  |
| Beverage, Food & Tobacco                       | 85,994         |                 |            | 83,878   |                                |                 | 4.4      |  |
| Business Services                                  | 102,065        |                 |            | 102,308  |                                |                 | 5.4      |  |
| Capital Equipment                                  | 64,717         |                 |            | 66,515   |                                |                 | 3.5      |  |
| Chemicals, Plastics & Rubber                   | 59,945         |                 |            | 61,055   |                                |                 | 3.2      |  |
| Construction & Building                        | 11,277         |                 |            | 11,450   |                                |                 | 0.6      |  |
| Consumer Goods: Durable                        | 440            |                 |            | 440      |                                |                 | —  |  |
| Consumer Goods: Non-Durable                    | 5,303          |                 |            | 5,158    |                                |                 | 0.3      |  |
| Consumer Services                                  | 25,155         |                 |            | 25,909   |                                |                 | 1.4      |  |
| Containers, Packaging & Glass                  | 52,154         |                 |            | 52,113   |                                |                 | 2.7      |  |
| Energy: Oil & Gas                          | 41,991         |                 |            | 42,900   |                                |                 | 2.2      |  |
| Environmental Industries                           | 69,194         |                 |            | 69,185   |                                |                 | 3.6      |  |
| Healthcare & Pharmaceuticals                   | 250,294        |                 |            | 229,555  |                                |                 | 12.0     |  |
| High Tech Industries                               | 149,185        |                 |            | 151,430  |                                |                 | 7.9      |  |
| Hotel, Gaming & Leisure                        | 126,237        |                 |            | 113,201  |                                |                 | 5.9      |  |
| Investment Funds                                   | 271,096        |                 |            | 262,099  |                                |                 | 13.7     |  |
| Media:  Advertising, Printing & Publishing | 7,318          |                 |            | 7,205    |                                |                 | 0.4      |  |
|                                                    |                     |                 |            |               |                                |
| Media: Diversified & Production            | 19,700         |                 |            | 19,666   |                                |                 | 1.0      |  |
| Metals & Mining                                | 2,237          |                 |            | 2,086    |                                |                 | 0.1      |  |
| Retail                                             | 44,644         |                 |            | 44,992   |                                |                 | 2.4      |  |
| Software                                           | 105,958        |                 |            | 104,673  |                                |                 | 5.5      |  |
| Sovereign & Public Finance                     | 13,623         |                 |            | 14,036   |                                |                 | 0.7      |  |
| Telecommunications                                 | 87,977         |                 |            | 76,585   |                                |                 | 4.0      |  |
|                                                    |                     |                 |            |               |                                |
|                                                    |                     |                 |            |               |                                |
| Utilities: Electric                            | 869            |                 |            | 878      |                                |                 | —  |  |
| Wholesale                                          | 7,958          |                 |            | 8,143    |                                |                 | 0.4      |  |
| Total                                              | $                   | 1,957,553  |            |               | $                              | 1,913,052  |               |  | 100.0  | % |

----

|                |                     |                 |                 |                 |                                |                 |            |  |             |   |  |  |  |  |  |  |  |
|----------------|---------------------|-----------------|-----------------|-----------------|--------------------------------|-----------------|------------|--|-------------|---|--|--|--|--|--|--|--|
| Geography      | Amortized Cost |                 | Fair Value |                 | % of Fair Value |
| Canada         | $                   | 46,433     |                 |                 | $                              | 47,543     |            |  | 2.5    | % |
| Cyprus         | 6,389          |                 |                 | 7,097      |                                |                 | 0.4   |  |
| Italy          | 5,303          |                 |                 | 5,158      |                                |                 | 0.3   |  |
| Luxembourg     | 41,647         |                 |                 | 38,403     |                                |                 | 2.0   |  |
| United Kingdom | 92,963         |                 |                 | 96,108     |                                |                 | 5.0   |  |
| United States  | 1,764,818      |                 |                 | 1,718,743  |                                |                 | 89.8  |  |
| Total          | $                   | 1,957,553  |                 |                 | $                              | 1,913,052  |            |  | 100.0  | % |

----

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|                                             |                |               |              |               |              |               |               |                 |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|----------------|---------------|--------------|---------------|--------------|---------------|---------------|-----------------|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                        | March 31, 2022 |
|                                        | Level 1   |               | Level 2 |               | Level 3 |               | Total         |
| Assets                                      |                |               |              |               |              |
| First Lien Debt                             | $              | —  |              |               | $            | —  |               |                 | $ | 1,224,117  |  |  | $ | 1,224,117  |  |
| Second Lien Debt                            | —   |               |              | —  |              |               | 304,202  |                 |   | 304,202    |  |
| Equity Investments                          | —   |               |              | —  |              |               | 78,699   |                 |   | 78,699     |  |
| Investment Funds                            |                |               |              |               |              |               |               |
| Mezzanine Loan                              | —   |               |              | —  |              |               | —  |                 |   | —    |  |
| Subordinated Loan and Member's Interest     | —   |               |              | —  |              |               | 189,285  |                 |   | 189,285    |  |
| Total                                       | $              | —  |              |               | $            | —  |               |                 | $ | 1,796,303  |  |  | $ | 1,796,303  |  |
| Investments measured at net asset value (1) |                |               |              |               |              |               | 76,880   |                 |
| Total                                       |                |               |              |               |              |               | $             | 1,873,183  |   |

|                                             |                   |               |              |               |              |               |               |                 |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|-------------------|---------------|--------------|---------------|--------------|---------------|---------------|-----------------|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                        | December 31, 2021 |
|                                        | Level 1      |               | Level 2 |               | Level 3 |               | Total         |
| Assets                                      |                   |               |              |               |              |
| First Lien Debt                             | $                 | —  |              |               | $            | —  |               |                 | $ | 1,232,084  |  |  | $ | 1,232,084  |  |
| Second Lien Debt                            | —      |               |              | —  |              |               | 341,776  |                 |   | 341,776    |  |
| Equity Investments                          | —      |               |              | —  |              |               | 77,093   |                 |   | 77,093     |  |
| Investment Funds                            |                   |               |              |               |              |               |               |
| Mezzanine Loan                              | —      |               |              | —  |              |               | —  |                 |   | —    |  |
| Subordinated Loan and Member's Interest     | —      |               |              | —  |              |               | 184,141  |                 |   | 184,141    |  |
| Total                                       | $                 | —  |              |               | $            | —  |               |                 | $ | 1,835,094  |  |  | $ | 1,835,094  |  |
| Investments measured at net asset value (1) |                   |               |              |               |              |               | 77,958   |                 |
| Total                                       |                   |               |              |               |              |               | $             | 1,913,052  |   |

----

|                                                                                                                                                                                                                                                                |                                                 |                 |                       |               |                    |               |             |  |                                                           |              |       |               |  |  |               |               |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|-----------------|-----------------------|---------------|--------------------|---------------|-------------|--|-----------------------------------------------------------|--------------|-------|---------------|--|--|---------------|---------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                                                                                                                | Financial Assets                                |
|                                                                                                                                                                                                                                                           | For the three month period ended March 31, 2022 |
|                                                                                                                                                                                                                                                           | First Lien Debt                            |                 | Second Lien Debt |               | Equity Investments |               |             |  | Investment Fund - Subordinated Loan and Member's Interest |              | Total |
| Balance, beginning of period                                                                                                                                                                                                                                   | $                                               | 1,232,084  |                       |               | $                  | 341,776  |             |  | $                                                         | 77,093  |       |               |  |  | $             | 184,141  |  |  | $ | 1,835,094  |  |
| Purchases                                                                                                                                                                                                                                                      | 111,329                                    |                 |                       | 250      |                    |               | 2,387  |  |                                                           |              |       | —  |  |  | 113,966  |               |
| Sales                                                                                                                                                                                                                                                          | (12,059)                                        |                 |                       | —  |                    |               | (4,003)     |  |                                                           |              |       | —  |  |  | (16,062)      |               |
| Paydowns                                                                                                                                                                                                                                                       | (105,973)                                       |                 |                       | (36,325)      |                    |               | (1,083)     |  |                                                           |              |       | —  |  |  | (143,381)     |               |
| Accretion of discount                                                                                                                                                                                                                                          | 1,772                                      |                 |                       | 559      |                    |               | 7      |  |                                                           |              |       | —  |  |  | 2,338    |               |
| Net realized gains (losses)                                                                                                                                                                                                                                    | 3,455                                      |                 |                       | —  |                    |               | 2,384  |  |                                                           |              |       | —  |  |  | 5,839    |               |
| Net change in unrealized appreciation (depreciation)                                                                                                                                                                                                           | (6,491)                                         |                 |                       | (2,058)       |                    |               | 1,914  |  |                                                           |              |       | 5,144    |  |  | (1,491)       |               |
| Balance, end of period                                                                                                                                                                                                                                         | $                                               | 1,224,117  |                       |               | $                  | 304,202  |             |  | $                                                         | 78,699  |       |               |  |  | $             | 189,285  |  |  | $ | 1,796,303  |  |
| Net change in unrealized appreciation (depreciation) included in earnings related to investments still held at the reporting date included in net change in unrealized appreciation (depreciation) on investments on the Consolidated Statements of Operations | $                                               | (2,944)         |                       |               | $                  | (1,333)       |             |  | $                                                         | (901)        |       |               |  |  | $             | 5,144    |  |  | $ | (34)            |  |

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|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
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|                                                                                                                                                                                                                                                                |                                                 |                 |                       |               |                    |               |               |  |                                                           |              |       |               |  |  |               |               |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|-----------------|-----------------------|---------------|--------------------|---------------|---------------|--|-----------------------------------------------------------|--------------|-------|---------------|--|--|---------------|---------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                                                                                                                                                                                | Financial Assets                                |
|                                                                                                                                                                                                                                                           | For the three month period ended March 31, 2021 |
|                                                                                                                                                                                                                                                           | First Lien Debt                            |                 | Second Lien Debt |               | Equity Investments |               |               |  | Investment Fund - Subordinated Loan and Member's Interest |              | Total |
| Balance, beginning of period                                                                                                                                                                                                                                   | $                                               | 1,224,063  |                       |               | $                  | 284,523  |               |  | $                                                         | 33,877  |       |               |  |  | $             | 205,891  |  |  | $ | 1,748,354  |  |
| Purchases                                                                                                                                                                                                                                                      | 97,145                                     |                 |                       | 51,184   |                    |               | 598      |  |                                                           |              |       | —  |  |  | 148,927  |               |
| Sales                                                                                                                                                                                                                                                          | (75,754)                                        |                 |                       | —  |                    |               | (1,392)       |  |                                                           |              |       | —  |  |  | (77,146)      |               |
| Paydowns                                                                                                                                                                                                                                                       | (31,924)                                        |                 |                       | (41,531)      |                    |               | —  |  |                                                           |              |       | —  |  |  | (73,455)      |               |
| Accretion of discount                                                                                                                                                                                                                                          | 1,581                                      |                 |                       | 433      |                    |               | 12       |  |                                                           |              |       | —  |  |  | 2,026    |               |
| Net realized gains (losses)                                                                                                                                                                                                                                    | 992                                        |                 |                       | —  |                    |               | 681      |  |                                                           |              |       | —  |  |  | 1,673    |               |
| Net change in unrealized appreciation (depreciation)                                                                                                                                                                                                           | 10,550                                     |                 |                       | 4,713    |                    |               | 1,254    |  |                                                           |              |       | (3,196)       |  |  | 13,321   |               |
| Balance, end of period                                                                                                                                                                                                                                         | $                                               | 1,226,653  |                       |               | $                  | 299,322  |               |  | $                                                         | 35,030  |       |               |  |  | $             | 202,695  |  |  | $ | 1,763,700  |  |
| Net change in unrealized appreciation (depreciation) included in earnings related to investments still held at the reporting date included in net change in unrealized appreciation (depreciation) on investments on the Consolidated Statements of Operations | $                                               | 10,170     |                       |               | $                  | 4,957    |               |  | $                                                         | 1,334   |       |               |  |  | $             | (3,196)       |  |  | $ | 13,265     |  |

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----

|                                        |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |             |             |             |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------|---------------------------------|-----------------|--------------------------------|--------------------------------|---------------------------------|------------------------|---------------|-------------|------------|-------------|--------------|-------------|-------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                   | Fair Value as of March 31, 2022 |                 | Valuation Techniques           |                                | Significant Unobservable Inputs |                        | Range         |             |       |
|                                   | Low                             |                 | High                           |                                | Weighted Average                |
| Investments in First Lien Debt         | $                               | 1,023,730  |                                |                                | Discounted Cash Flow  |                        | Discount Rate |             | 4.07  | %           |              | 15.63  | %           |             | 8.23  | % |
|                                        | 131,271                    |                 |                                | Consensus Pricing              |                                 | Indicative Quotes |               | 97.00  |            |             | 100.00  |             |             | 98.05  |            |
|                                        | 69,116                     |                 |                                | Income Approach                |                                 | Discount Rate          |               | 11.56  | %          |             | 13.07   | %           |             | 12.17  | %          |
|                                        |                                 |                 | Market Approach                |                                | Comparable Multiple             |                        | 6.78x         |             | 8.45x      |             | 7.77x        |
| Total First Lien Debt                  | 1,224,117                  |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Investments in Second Lien Debt        | 275,543                    |                 |                                | Discounted Cash Flow |                                 | Discount Rate          |               | 7.26   | %          |             | 14.69   | %           |             | 9.53   | %          |
|                                        | 28,659                     |                 |                                | Consensus Pricing              |                                 | Indicative Quotes |               | 97.15  |            |             | 97.15   |             |             | 97.15  |            |
|                                        |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |
| Total Second Lien Debt                 | 304,202                    |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
|                                        |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |
| Investments in Equity                  | 78,699                     |                 |                                | Income Approach                |                                 | Discount Rate          |               | 7.22   | %          |             | 11.56   | %           |             | 8.36   | %          |
|                                        |                                 |                 | Market Approach                |                                | Comparable Multiple        |                        | 8.45x         |             | 17.79x     |             | 10.97x       |
| Total Equity Investments               | 78,699                     |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Investments in Investment Fund         |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |
|                                        |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |
| Subordinated Loan andMember's Interest | 189,285                    |                 |                                | Discounted Cash Flow |                                 | Discount Rate          |               | 8.50   | %          |             | 8.50    | %           |             | 8.50   | %          |
|                                        |                                 |                 | Discounted Cash Flow           |                                | Default Rate                    |                        | 3.00     | %           |            | 3.00   | %            |             | 3.00   | %           |
|                                        |                                 |                 | Discounted Cash Flow |                                | Recovery Rate                   |                        | 65.00    | %           |            | 65.00  | %            |             | 65.00  | %           |
| Total Investments in Investment Fund   | 189,285                    |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Total Level 3 Investments         | $                               | 1,796,303  |                                |                                |                                 |                        |               |             |            |             |              |             |             |
|                                        |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |
|                                        |                                 |                 |                                |                                |                                 |                        |               |             |            |             |              |

----

|                                         |                                    |                 |                                |                                |                                 |                        |               |             |            |             |              |             |             |             |            |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------|------------------------------------|-----------------|--------------------------------|--------------------------------|---------------------------------|------------------------|---------------|-------------|------------|-------------|--------------|-------------|-------------|-------------|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                    | Fair Value as of December 31, 2021 |                 | Valuation Techniques           |                                | Significant Unobservable Inputs |                        | Range         |             |       |
|                                    | Low                                |                 | High                           |                                | Weighted Average                |
| Investments in First Lien Debt          | $                                  | 981,627    |                                |                                | Discounted Cash Flow  |                        | Discount Rate |             | 3.90  | %           |              | 14.21  | %           |             | 7.70  | % |
|                                         | 185,432                       |                 |                                | Consensus Pricing              |                                 | Indicative Quotes |               | 90.00  |            |             | 100.00  |             |             | 97.69  |            |
|                                         | 65,025                        |                 |                                | Income Approach                |                                 | Discount Rate          |               | 11.55  | %          |             | 13.18   | %           |             | 12.24  | %          |
|                                         |                                    |                 | Market Approach                |                                | Comparable Multiple             |                        | 6.68x         |             | 8.16x      |             | 7.53x        |
| Total First Lien Debt                   | 1,232,084                     |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Investments in Second Lien Debt         | 299,664                       |                 |                                | Discounted Cash Flow |                                 | Discount Rate          |               | 7.11   | %          |             | 15.83   | %           |             | 9.46   | %          |
|                                         | 42,112                        |                 |                                | Consensus Pricing              |                                 | Indicative Quotes |               | 97.25  |            |             | 98.00   |             |             | 97.49  |            |
| Total Second Lien Debt                  | 341,776                       |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Investments in Equity                   | 77,093                        |                 |                                | Income Approach                |                                 | Discount Rate          |               | 7.22   | %          |             | 11.55   | %           |             | 8.38   | %          |
|                                         |                                    |                 | Market Approach                |                                | Comparable Multiple             |                        | 8.16x         |             | 16.43x     |             | 11.26x       |
| Total Equity Investments                | 77,093                        |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Investment in Investment Fund           |                                    |                 |                                |                                |                                 |                        |               |             |            |             |              |
|                                         |                                    |                 |                                |                                |                                 |                        |               |             |            |             |              |
| Subordinated Loan and Member's Interest | 184,141                       |                 |                                | Discounted Cash Flow |                                 | Discount Rate          |               | 8.50   | %          |             | 8.50    | %           |             | 8.50   | %          |
|                                         |                                    |                 | Discounted Cash Flow |                                | Default Rate                    |                        | 3.00     | %           |            | 3.00   | %            |             | 3.00   | %           |
|                                         |                                    |                 | Discounted Cash Flow |                                | Recovery Rate                   |                        | 65.00    | %           |            | 65.00  | %            |             | 65.00  | %           |
| Total Investments in Investment Fund    | 184,141                       |                 |                                |                                |                                 |                        |               |             |            |             |              |             |
| Total Level 3 Investments          | $                                  | 1,835,094  |                                |                                |                                 |                        |               |             |            |             |              |             |             |

|                    |                     |               |                   |               |                     |               |                 |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|--------------------|---------------------|---------------|-------------------|---------------|---------------------|---------------|-----------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|               | March 31, 2022      |               | December 31, 2021 |
|               | Carrying Value |               | Fair Value   |               | Carrying Value |               | Fair Value |
| Secured borrowings | $                   | 359,679  |                   |               | $                   | 359,679  |                 |  | $ | 407,655  |  |  | $ | 407,655  |  |
| 2019 Notes         | 115,000        |               |                   | 112,685  |                     |               | 115,000    |  |   | 117,300  |  |
| 2020 Notes         | 75,000         |               |                   | 73,084   |                     |               | 75,000     |  |   | 75,530   |  |
| Total              | $                   | 549,679  |                   |               | $                   | 545,448  |                 |  | $ | 597,655  |  |  | $ | 600,485  |  |

----

|                                      |                     |               |                   |              |                     |               |                 |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|--------------------------------------|---------------------|---------------|-------------------|--------------|---------------------|---------------|-----------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|                                 | March 31, 2022      |               | December 31, 2021 |
|                                      | Carrying Value |               | Fair Value   |              | Carrying Value |               | Fair Value |
| Aaa/AAA Class A-1-1-R Notes | $                   | 234,800  |                   |              | $                   | 234,190  |                 |  | $ | 234,800  |  |  | $ | 234,941  |  |
| Aaa/AAA Class A-1-2-R Notes | 50,000         |               |                   | 49,870  |                     |               | 50,000     |  |   | 50,075   |  |
| Aaa/AAA Class A-1-3-R Notes | 25,000         |               |                   | 23,773  |                     |               | 25,000     |  |   | 24,680   |  |
| AA Class A-2-R Notes            | 66,000         |               |                   | 65,597  |                     |               | 66,000     |  |   | 66,003   |  |
| A Class B Notes                      | 46,400         |               |                   | 46,401  |                     |               | 46,400     |  |   | 46,430   |  |
| BBB- Class C Notes                   | 27,000         |               |                   | 26,106  |                     |               | 27,000     |  |   | 26,714   |  |
| Total                                | $                   | 449,200  |                   |              | $                   | 445,937  |                 |  | $ | 449,200  |  |  | $ | 448,843  |  |

----

----

|                                                           |                                   |              |                |               |   |              |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-----------------------------------|--------------|----------------|---------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                                                           | For the three month periods ended |              |                |
|                                                           | March 31, 2022                    |              | March 31, 2021 |               |   |              |  |
| Base management fees                                      | $                                 | 7,050   |                |               | $ | 6,800   |  |  |  |  |  |
| Incentive fees on pre-incentive fee net investment income | 5,228                        |              |                | 4,257    |   |              |  |  |  |
| Realized capital gains incentive fees                     | —                      |              |                | —  |   |              |  |  |  |
| Accrued capital gains incentive fees                      | —                      |              |                | —  |   |              |  |  |  |
| Total capital gains incentive fees                        | —                      |              |                | —  |   |              |  |  |  |
| Total incentive fees                                      | 5,228                        |              |                | 4,257    |   |              |  |  |  |
| Total base management fees and incentive fees             | $                                 | 12,278  |                |               | $ | 11,057  |  |  |  |  |  |

----

----

----

|                                                                                    |  |                |               |                   |               |   |               |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--|----------------|---------------|-------------------|---------------|---|---------------|--|--|--|--|--|--|--|
|                                                                                    |  | As of          |
|                                                                                    |  | March 31, 2022 |               | December 31, 2021 |
|                                                                               |  | (unaudited)    |               |              |
| Selected Consolidated Balance Sheet Information                                    |  |                |               |                   |
| ASSETS                                                                             |  |                |               |                   |
| Investments, at fair value (amortized cost of $920,819 and $940,092, respectively) |  | $              | 897,817  |                   |               | $ | 926,959  |  |
| Cash, cash equivalents and restricted cash (1)                                     |  | 20,268    |               |                   | 54,041   |   |
| Other assets                                                                       |  | 8,264     |               |                   | 7,698    |   |
| Total assets                                                                       |  | $              | 926,349  |                   |               | $ | 988,698  |  |
| LIABILITIES AND MEMBERS’ EQUITY                                              |  |                |               |                   |
| Secured borrowings                                                                 |  | $              | 554,329  |                   |               | $ | 600,651  |  |
|                                                                                    |  |                |               |                   |
|                                                                                    |  |                |               |                   |
|                                                                                    |  |                |               |                   |
| Other liabilities                                                                  |  | 13,534    |               |                   | 19,828   |   |
| Subordinated loans and members’ equity (2)                                   |  | 358,486   |               |                   | 368,219  |   |
| Liabilities and members’ equity                                              |  | $              | 926,349  |                   |               | $ | 988,698  |  |

|                                                                     |  |  |  |                                   |  |                |              |                |              |   |              |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--|--|-----------------------------------|--|----------------|--------------|----------------|--------------|---|--------------|--|--|--|--|--|--|--|
|                                                                     |  |  |  | For the three month periods ended |
|                                                                |  |  |  |                                   |  | March 31, 2022 |              | March 31, 2021 |
|                                                                |  |  |  | (unaudited)                       |
| Selected Consolidated Statement of Operations Information:      |  |  |  |                                   |  |                |              |                |
| Total investment income                                             |  |  |  |                                   |  | $              | 14,679  |                |              | $ | 16,105  |  |
| Expenses                                                            |  |  |  |                                   |  |                |              |                |
| Interest and credit facility expenses                               |  |  |  |                                   |  | 4,046     |              |                | 5,415   |   |
| Other expenses                                                      |  |  |  |                                   |  | 497       |              |                | 468     |   |
| Total expenses                                                      |  |  |  |                                   |  | 4,543     |              |                | 5,883   |   |
| Net investment income (loss)                                        |  |  |  |                                   |  | 10,136    |              |                | 10,222  |   |
| Net realized gain (loss) on investments                             |  |  |  |                                   |  | —   |              |                | (1,578)      |   |
| Net change in unrealized appreciation (depreciation) on investments |  |  |  |                                   |  | (9,869)        |              |                | 13,498  |   |
| Net increase (decrease) resulting from operations                   |  |  |  |                                   |  | $              | 267     |                |              | $ | 22,142  |  |

----

|                                                                             |                |               |                   |               |   |               |  |  |  |  |  |
|-----------------------------------------------------------------------------|----------------|---------------|-------------------|---------------|---|---------------|--|--|--|--|--|
|                                                                             | As of          |
|                                                                             | March 31, 2022 |               | December 31, 2021 |
| Senior secured loans (1)                                                    | $              | 923,100  |                   |               | $ | 942,930  |  |
| Weighted average yields of senior secured loans based on amortized cost (2) | 6.13      | %             |                   | 6.04     | % |
| Weighted average yields of senior secured loans based on fair value (2)     | 6.25      | %             |                   | 6.09     | % |
| Number of portfolio companies in Credit Fund                                | 44        |               |                   | 45       |   |
| Average amount per portfolio company (1)                                    | $              | 20,980   |                   |               | $ | 20,954   |  |
| Number of loans on non-accrual status                                       | —   |               |                   | —  |   |
| Fair value of loans on non-accrual status                                   | $              | —  |                   |               | $ | —  |  |
| Percentage of portfolio at floating interest rates (3)(4)                   | 100.0     | %             |                   | 100.0    | % |
| Percentage of portfolio at fixed interest rates (4)                         | —   | %             |                   | —  | % |
| Fair value of loans with PIK provisions                                     | $              | 4,576    |                   |               | $ | —  |  |
| Percentage of portfolio with PIK provisions (4)                             | 0.5       | %             |                   | —  | % |

----

|                                                           |         |  |              |  |                                                   |  |                                      |  |                   |  |                    |  |                                 |              |                    |              |                |              |              |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|---------|--|--------------|--|---------------------------------------------------|--|--------------------------------------|--|-------------------|--|--------------------|--|---------------------------------|--------------|--------------------|--------------|----------------|--------------|--------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |         |  | Footnotes    |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  |  Par/ Principal Amount |              | Amortized Cost (4) |              | Fair Value (5) |
| First Lien Debt (100.0% of fair value)                    |         |  |              |  |                                                   |  |                                      |  |                   |  |                    |  |
| ACR Group Borrower, LLC                                   | ^+  |  | (2)(3)(6)    |  | Aerospace & Defense                           |  | L + 4.25%                            |  | 5.25%             |  | 3/31/2028  |  | $                               | 36,070  |                    |              | $              | 35,529  |              |  | $ | 36,070  |  |
| Acrisure, LLC                                             | +#      |  | (2)(3)       |  | Banking, Finance, Insurance & Real Estate     |  | L + 3.50%                            |  | 3.72%             |  | 2/13/2027  |  | 25,311                     |              |                    | 25,289  |                |              | 24,884  |  |
| Acrisure, LLC                                             | +       |  | (2)(3)       |  | Banking, Finance, Insurance & Real Estate     |  | L + 4.25%                            |  | 4.75%             |  | 2/13/2027  |  | 6,683                      |              |                    | 6,636   |                |              | 6,646   |  |
| Analogic Corporation                                      | ^+  |  | (2)(3)(6)    |  | Capital Equipment                                 |  | L + 5.25%                            |  | 6.25%             |  | 6/22/2024  |  | 20,030                     |              |                    | 20,017  |                |              | 19,626  |  |
| Anchor Packaging, Inc.                                    | +#      |  | (2)(3)       |  | Containers, Packaging & Glass                 |  | L + 4.00%                            |  | 4.10%             |  | 7/18/2026  |  | 24,409                     |              |                    | 24,327  |                |              | 24,167  |  |
| API Technologies Corp.                                    | +#      |  | (2)(3)       |  | Aerospace & Defense                           |  | L + 4.25%                            |  | 4.35%             |  | 5/9/2026   |  | 14,588                     |              |                    | 14,540  |                |              | 14,262  |  |
| Aptean, Inc.                                              | +#      |  | (2)(3)       |  | Software                                          |  | L + 4.25%                            |  | 4.35%             |  | 4/23/2026  |  | 12,125                     |              |                    | 12,084  |                |              | 12,051  |  |
| Avalign Technologies, Inc.                                | ^+# |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 4.50%                            |  | 4.63%             |  | 12/22/2025 |  | 14,406                     |              |                    | 14,322  |                |              | 13,938  |  |
| BMS Holdings III Corp.                                    | +       |  | (2)(3)       |  | Construction & Building                       |  | L + 5.50%                            |  | 6.50%             |  | 9/30/2026  |  | 11,216                     |              |                    | 11,119  |                |              | 11,054  |  |
| Chartis Holding, LLC                                      | ^+  |  | (2)(3)(6)    |  | Business Services                                 |  | L + 5.50%                            |  | 6.50%             |  | 5/1/2025   |  | 6,946                      |              |                    | 6,946   |                |              | 6,917   |  |
| Chemical Computing Group ULC (Canada)                     | ^+  |  | (2)(3)(6)    |  | Software                                          |  | L + 4.50%                            |  | 5.50%             |  | 8/30/2024  |  | 13,876                     |              |                    | 13,507  |                |              | 13,713  |  |
| Chudy Group, LLC                                          | ^+  |  | (2)(3)(6)    |  | Healthcare & Pharmaceuticals                  |  | L + 5.75%                            |  | 6.75%             |  | 6/30/2027  |  | 32,938                     |              |                    | 32,405  |                |              | 33,098  |  |
| Diligent Corporation                                      | ^+  |  | (2)(3)(6)    |  | Telecommunications                                |  | L + 6.25%                            |  | 7.25%             |  | 8/4/2025   |  | 9,743                      |              |                    | 9,537   |                |              | 9,705   |  |
| Divisions Holding Corporation                             | +#      |  | (2)(3)       |  | Business Services                                 |  | L + 4.75%                            |  | 5.50%             |  | 5/27/2028  |  | 24,875                     |              |                    | 24,651  |                |              | 24,676  |  |
| DTI Holdco, Inc.                                          | +       |  | (2)(3)       |  | High Tech Industries                              |  | L + 4.75%                            |  | 5.75%             |  | 9/30/2023  |  | 18,446                     |              |                    | 18,400  |                |              | 18,130  |  |
| Eliassen Group, LLC                                       | +       |  | (2)(3)       |  | Business Services                                 |  | L + 5.25%                            |  | 5.35%             |  | 11/5/2024  |  | 15,140                     |              |                    | 15,089  |                |              | 15,117  |  |
| EPS Nass Parent, Inc.                                     | ^+  |  | (2)(3)(6)    |  | Utilities: Electric                           |  | L + 5.75%                            |  | 6.75%             |  | 4/19/2028  |  | 32,955                     |              |                    | 32,304  |                |              | 32,482  |  |
| EvolveIP, LLC                                             | ^+  |  | (2)(3)(6)(7) |  | Telecommunications                                |  | SOFR + 5.50%                         |  | 6.50%             |  | 6/7/2025   |  | 40,094                     |              |                    | 40,036  |                |              | 39,994  |  |
| Exactech, Inc.                                            | +#      |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 3.75%                            |  | 4.75%             |  | 2/14/2025  |  | 21,251                     |              |                    | 21,171  |                |              | 20,312  |  |
| Excel Fitness Holdings, Inc.                              | +#      |  | (2)(3)       |  | Hotel, Gaming & Leisure                       |  | L + 5.25%                            |  | 6.25%             |  | 10/7/2025  |  | 24,437                     |              |                    | 24,283  |                |              | 23,989  |  |
| Frontline Technologies Holdings, LLC                      | +       |  | (2)(3)       |  | Software                                          |  | L + 5.25%                            |  | 6.25%             |  | 9/18/2023  |  | 14,698                     |              |                    | 14,288  |                |              | 14,683  |  |
| GSM Acquisition Corp.                                     | ^+  |  | (2)(3)(6)(7) |  | Hotel, Gaming & Leisure                       |  | SOFR + 5.00%                         |  | 6.00%             |  | 11/16/2026 |  | 26,868                     |              |                    | 26,579  |                |              | 26,542  |  |
| Heartland Home Services, Inc                              | +       |  | (2)(3)(6)    |  | Consumer Services                                 |  | L + 6.00%                            |  | 7.00%             |  | 12/15/2026 |  | 17,651                     |              |                    | 17,651  |                |              | 17,619  |  |
| HMT Holding Inc.                                          | ^+  |  | (2)(3)(6)(7) |  | Energy: Oil & Gas                         |  | SOFR + 6.25%                         |  | 7.25%             |  | 11/17/2025 |  | 32,400                     |              |                    | 32,191  |                |              | 30,097  |  |
| Integrity Marketing Acquisition, LLC                      | ^+  |  | (2)(3)(6)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.50%                            |  | 6.25%             |  | 8/27/2025  |  | 32,772                     |              |                    | 32,269  |                |              | 31,647  |  |
| Jensen Hughes, Inc.                                       | ^+  |  | (2)(3)(6)    |  | Utilities: Electric                           |  | L + 4.50%                            |  | 5.50%             |  | 3/22/2024  |  | 34,305                     |              |                    | 34,264  |                |              | 33,375  |  |
| K2 Insurance Services, LLC                                | ^+  |  | (2)(3)(6)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.00%                            |  | 6.00%             |  | 7/1/2026   |  | 12,896                     |              |                    | 12,896  |                |              | 12,880  |  |
| KAMC Holdings, Inc.                                       | +#      |  | (2)(3)       |  | Energy: Electricity                           |  | L + 4.00%                            |  | 4.18%             |  | 8/14/2026  |  | 13,650                     |              |                    | 13,605  |                |              | 11,511  |  |
| KBP Investments, LLC                                      | +       |  | (2)(3)(6)    |  | Beverage, Food & Tobacco                      |  | L + 5.00%                            |  | 5.75%             |  | 5/25/2027  |  | 36,934                     |              |                    | 36,594  |                |              | 35,307  |  |
| Odyssey Logistics & Technology Corp.                  | +       |  | (2)(3)       |  | Transportation: Cargo                         |  | L + 4.00%                            |  | 5.00%             |  | 10/12/2024 |  | 9,580                      |              |                    | 9,557   |                |              | 9,382   |  |
| Output Services Group                                     | ^+  |  | (2)(3)       |  | Media: Advertising, Printing & Publishing |  | L + 4.50%                            |  | 5.50%             |  | 3/27/2024  |  | 19,172                     |              |                    | 19,146  |                |              | 14,666  |  |
| Premise Health Holding Corp.                              | +#      |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 3.50%                            |  | 3.72%             |  | 7/10/2025  |  | 13,411                     |              |                    | 13,377  |                |              | 13,369  |  |
| Q Holding Company                                         | +#      |  | (2)(3)       |  | Automotive                                        |  | L + 5.00%                            |  | 6.00%             |  | 12/31/2023 |  | 21,460                     |              |                    | 21,377  |                |              | 20,589  |  |
| QW Holding Corporation                                    | ^+  |  | (2)(3)(6)    |  | Environmental Industries                          |  | L + 5.75%                            |  | 6.75%             |  | 8/31/2026  |  | 15,184                     |              |                    | 14,984  |                |              | 14,923  |  |

----

|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |              |               |               |               |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|--------|--|--------------|--|---------------------------------------------------|--|--------------------------------------|--|-------------------|--|--------------------|---|---------------------------------|--------------|--------------------|---------------|----------------|--------------|---------------|---------------|---------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |        |  | Footnotes    |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |   |  Par/ Principal Amount |              | Amortized Cost (4) |               | Fair Value (5) |
| Radiology Partners, Inc.                                  | +#     |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 4.25%                            |  | 4.36%             |  | 7/9/2025   |   | $                               | 27,686  |                    |               | $              | 27,608  |               |               | $             | 27,291  |  |
| RevSpring Inc.                                            | +#     |  | (2)(3)       |  | Media: Advertising, Printing & Publishing |  | L + 4.25%                            |  | 4.47%             |  | 10/11/2025 |   | 29,074                     |              |                    | 28,936   |                |              | 28,529   |               |
| Striper Buyer, LLC                                        | +      |  | (2)(3)       |  | Containers, Packaging & Glass                 |  | L + 5.50%                            |  | 6.25%             |  | 12/30/2026 |   | 14,812                     |              |                    | 14,688   |                |              | 14,813   |               |
| Turbo Buyer, Inc.                                         | +      |  | (2)(3)(6)    |  | Automotive                                        |  | L + 6.00%                            |  | 7.00%             |  | 12/2/2025  |   | 13,924                     |              |                    | 13,924   |                |              | 13,696   |               |
| U.S. TelePacific Holdings Corp.                           | +      |  | (2)(3)(7)    |  | Telecommunications                                |  | SOFR + 8.25% (1.00%, 7.25% PIK)      |  | 9.25%             |  | 5/2/2026   |   | 6,660                      |              |                    | 6,646    |                |              | 4,576    |               |
| USALCO, LLC                                               | +      |  | (2)(3)       |  | Chemicals, Plastics & Rubber                  |  | L + 6.00%                            |  | 7.00%             |  | 10/19/2027 |   | 14,958                     |              |                    | 14,678   |                |              | 14,505   |               |
| VRC Companies, LLC                                        | ^+ |  | (2)(3)(6)    |  | Business Services                                 |  | L + 5.50%                            |  | 6.25%             |  | 6/29/2027  |   | 26,608                     |              |                    | 26,208   |                |              | 26,155   |               |
| Welocalize, Inc.                                          | ^+ |  | (2)(3)(6)    |  | Business Services                                 |  | L + 4.75%                            |  | 5.75%             |  | 12/23/2024 |   | 34,115                     |              |                    | 33,801   |                |              | 33,387   |               |
| WRE Holding Corp.                                         | ^+ |  | (2)(3)(6)(7) |  | Environmental Industries                          |  | SOFR + 5.25%                         |  | 6.25%             |  | 1/3/2025   |   | 8,943                      |              |                    | 8,931    |                |              | 8,817    |               |
| Yellowstone Buyer Acquisition, LLC                        | +      |  | (2)(3)       |  | Consumer Goods: Durable                       |  | L + 5.75%                            |  | 6.75%             |  | 9/13/2027  |   | 39,800                     |              |                    | 39,065   |                |              | 38,627   |               |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
| First Lien Debt Total                                     |        |  |              |  |                                                   |  |                                      |  |                   |  |                    | $ | 915,455                    |              |                    | $             | 897,817   |              |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |
| Equity Investments (0.0% of fair value)                   |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |
| DBI Holding, LLC                                          | ^  |  |              |  | Transportation: Cargo                         |  |                                      |  |                   |  |                    |   | 2,961                      |              |                    | $             | —   |              |               | $             | —  |              |
| DBI Holding, LLC                                          | ^  |  |              |  | Transportation: Cargo                         |  |                                      |  |                   |  |                    |   | 13,996                     |              |                    | 5,364    |                |              | —  |               |
| Equity Investments Total                                  |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 | $            | 5,364         |               |                | $            | —  |               |
| Total Investments                                         |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              | $                  | 920,819  |                |              | $             | 897,817  |               |

----

|                                                                                    |              |  |            |  |                           |              |                 |          |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--------------|--|------------|--|---------------------------|--------------|-----------------|----------|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| First Lien Debt – unfunded delayed draw and revolving term loans commitments | Type         |  | Unused Fee |  | Par/ Principal Amount |              | Fair Value |
| ACR Group Borrower, LLC                                                            | Revolver     |  | 0.40%      |  | $                         | 5,670   |                 |          | $ | —  |  |
| Analogic Corporation                                                               | Revolver     |  | 0.50       |  | 564                  |              |                 | (11)     |   |
| Chartis Holding, LLC                                                               | Revolver     |  | 0.50       |  | 2,183                |              |                 | (7)      |   |
| Chemical Computing Group ULC (Canada)                                              | Revolver     |  | 0.50       |  | 873                  |              |                 | (10)     |   |
| Chudy Group, LLC                                                                   | Delayed Draw |  | 1.00       |  | 5,517                |              |                 | 22  |   |
| Chudy Group, LLC                                                                   | Revolver     |  | 0.50       |  | 1,379                |              |                 | 6   |   |
| Diligent Corporation                                                               | Revolver     |  | 0.50       |  | 703                  |              |                 | (3)      |   |
| EPS Nass Parent, Inc.                                                              | Delayed Draw |  | 1.00       |  | 3,136                |              |                 | (40)     |   |
| EPS Nass Parent, Inc.                                                              | Revolver     |  | 0.50       |  | 753                  |              |                 | (10)     |   |
| EvolveIP, LLC                                                                      | Revolver     |  | 0.50       |  | 3,361                |              |                 | (8)      |   |
| GSM Acquisition Corp.                                                              | Delayed Draw |  | 1.00       |  | 4,313                |              |                 | (45)     |   |
| Heartland Home Services, Inc                                                       | Revolver     |  | 0.50       |  | 713                  |              |                 | (1)      |   |
| HMT Holding Inc.                                                                   | Revolver     |  | 0.50       |  | 6,173                |              |                 | (369)    |   |
| Integrity Marketing Acquisition, LLC                                               | Delayed Draw |  | 1.00       |  | 4,453                |              |                 | (113)    |   |
| Integrity Marketing Acquisition, LLC                                               | Delayed Draw |  | 1.00       |  | 7,000                |              |                 | (178)    |   |
| Jensen Hughes, Inc.                                                                | Revolver     |  | 0.50       |  | 2,000                |              |                 | (51)     |   |
| K2 Insurance Services, LLC                                                         | Revolver     |  | 0.50       |  | 1,170                |              |                 | (1)      |   |
| KBP Investments, LLC                                                               | Delayed Draw |  | 1.00       |  | 2,415                |              |                 | (99)     |   |
| KBP Investments, LLC                                                               | Delayed Draw |  | 1.00       |  | 503                  |              |                 | (21)     |   |
| QW Holding Corporation                                                             | Delayed Draw |  | 1.00       |  | 9,338                |              |                 | (90)     |   |
| QW Holding Corporation                                                             | Revolver     |  | 0.50       |  | 2,694                |              |                 | (26)     |   |
| Turbo Buyer, Inc.                                                                  | Revolver     |  | 0.50       |  | 933                  |              |                 | (14)     |   |
| VRC Companies, LLC                                                                 | Delayed Draw |  | 0.80       |  | 2,450                |              |                 | (37)     |   |
| VRC Companies, LLC                                                                 | Revolver     |  | 0.50       |  | 750                  |              |                 | (11)     |   |
| Welocalize, Inc.                                                                   | Revolver     |  | 0.50       |  | 2,250                |              |                 | (41)     |   |
| Welocalize, Inc.                                                                   | Revolver     |  | 0.50       |  | 3,375                |              |                 | (62)     |   |
| WRE Holding Corp.                                                                  | Revolver     |  | 0.50       |  | 399                  |              |                 | (5)      |   |
| Total unfunded commitments                                                         |              |  |            |  | $                         | 75,068  |                 |          | $ | (1,225)       |  |

----

|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |  |                           |              |                    |              |                |              |              |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------|--------|--|-----------|--|---------------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|---------------------------|--------------|--------------------|--------------|----------------|--------------|--------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                                   |        |  | Footnotes |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |              | Amortized Cost (4) |              | Fair Value (5) |
| First Lien Debt (97.5% of fair value)                             |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |  |                           |              |
| ACR Group Borrower, LLC                                           | ^+ |  | (2)(3)(6) |  | Aerospace & Defense                           |  | L + 4.25%                       |  | 5.50%             |  | 3/31/2028  |  | $                         | 34,477  |                    |              | $              | 33,913  |              |  | $ | 34,477  |  |
| Acrisure, LLC                                                     | +#     |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 3.50%                       |  | 3.78%             |  | 2/13/2027  |  | 25,376               |              |                    | 25,353  |                |              | 25,203  |  |
| Acrisure, LLC                                                     | +      |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 4.25%                       |  | 4.75%             |  | 2/13/2027  |  | 6,700                |              |                    | 6,650   |                |              | 6,687   |  |
| Analogic Corporation                                              | ^+ |  | (2)(3)(6) |  | Capital Equipment                                 |  | L + 5.25%                       |  | 6.25%             |  | 6/22/2024  |  | 19,796               |              |                    | 19,781  |                |              | 19,587  |  |
| Anchor Packaging, Inc.                                            | +#     |  | (2)(3)    |  | Containers, Packaging & Glass                 |  | L + 4.00%                       |  | 4.10%             |  | 7/18/2026  |  | 24,472               |              |                    | 24,385  |                |              | 24,215  |  |
| API Technologies Corp.                                            | +#     |  | (2)(3)    |  | Aerospace & Defense                           |  | L + 4.25%                       |  | 4.35%             |  | 5/9/2026   |  | 14,625               |              |                    | 14,575  |                |              | 14,251  |  |
| Aptean, Inc.                                                      | +#     |  | (2)(3)    |  | Software                                          |  | L + 4.25%                       |  | 4.35%             |  | 4/23/2026  |  | 12,157               |              |                    | 12,113  |                |              | 12,087  |  |
| Avalign Technologies, Inc.                                        | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 4.50%                       |  | 4.63%             |  | 12/22/2025 |  | 14,443               |              |                    | 14,354  |                |              | 14,320  |  |
| Avenu Holdings, LLC                                               | +      |  | (2)(3)    |  | Sovereign & Public Finance                    |  | L + 5.25%                       |  | 6.25%             |  | 9/28/2024  |  | 23,350               |              |                    | 23,350  |                |              | 23,350  |  |
| BMS Holdings III Corp.                                            | +      |  | (2)(3)    |  | Construction & Building                       |  | L + 5.50%                       |  | 6.50%             |  | 9/30/2026  |  | 11,244               |              |                    | 11,143  |                |              | 11,071  |  |
| Chartis Holding, LLC                                              | +      |  | (2)(3)(6) |  | Business Services                                 |  | L + 5.50%                       |  | 6.50%             |  | 5/1/2025   |  | 6,964                |              |                    | 6,964   |                |              | 6,964   |  |
| Chemical Computing Group ULC (Canada)                             | ^+ |  | (2)(3)(6) |  | Software                                          |  | L + 4.50%                       |  | 5.50%             |  | 8/30/2024  |  | 13,912               |              |                    | 13,480  |                |              | 13,845  |  |
| Chudy Group, LLC                                                  | ^+ |  | (2)(3)(6) |  | Healthcare & Pharmaceuticals                  |  | L + 5.75%                       |  | 6.75%             |  | 6/30/2027  |  | 33,021               |              |                    | 32,465  |                |              | 33,657  |  |
| Diligent Corporation                                              | ^+ |  | (2)(3)(6) |  | Telecommunications                                |  | L + 6.25%                       |  | 7.25%             |  | 8/4/2025   |  | 9,049                |              |                    | 8,816   |                |              | 9,228   |  |
| Divisions Holding Corporation                                     | +#     |  | (2)(3)    |  | Business Services                                 |  | L + 4.75%                       |  | 5.50%             |  | 5/27/2028  |  | 24,938               |              |                    | 24,706  |                |              | 24,953  |  |
| DTI Holdco, Inc.                                                  | +      |  | (2)(3)    |  | High Tech Industries                              |  | L + 4.75%                       |  | 5.75%             |  | 9/30/2023  |  | 18,495               |              |                    | 18,442  |                |              | 18,237  |  |
| Eliassen Group, LLC                                               | +      |  | (2)(3)    |  | Business Services                                 |  | L + 4.50%                       |  | 4.60%             |  | 11/5/2024  |  | 15,159               |              |                    | 15,103  |                |              | 15,152  |  |
| EPS Nass Parent, Inc.                                             | ^+ |  | (2)(3)(6) |  | Utilities: Electric                           |  | L + 5.75%                       |  | 6.75%             |  | 4/19/2028  |  | 32,846               |              |                    | 32,169  |                |              | 32,507  |  |
| EvolveIP, LLC                                                     | ^+ |  | (2)(3)(6) |  | Telecommunications                                |  | L + 5.50%                       |  | 6.50%             |  | 6/7/2025   |  | 40,196               |              |                    | 40,126  |                |              | 39,973  |  |
| Exactech, Inc.                                                    | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 3.75%                       |  | 4.75%             |  | 2/14/2025  |  | 21,307               |              |                    | 21,221  |                |              | 21,073  |  |
| Excel Fitness Holdings, Inc.                                      | +#     |  | (2)(3)    |  | Hotel, Gaming & Leisure                       |  | L + 5.25%                       |  | 6.25%             |  | 10/7/2025  |  | 24,500               |              |                    | 24,336  |                |              | 24,500  |  |
| Frontline Technologies Holdings, LLC                              | +      |  | (2)(3)    |  | Software                                          |  | L + 5.25%                       |  | 6.25%             |  | 9/18/2023  |  | 14,736               |              |                    | 14,269  |                |              | 14,736  |  |
| GSM Acquisition Corp.                                             | ^+ |  | (2)(3)(6) |  | Hotel, Gaming & Leisure                       |  | L + 5.00%                       |  | 6.00%             |  | 11/16/2026 |  | 25,623               |              |                    | 25,331  |                |              | 25,396  |  |
| Heartland Home Services, Inc                                      | +      |  | (2)(3)(6) |  | Consumer Services                                 |  | L + 6.00%                       |  | 7.00%             |  | 12/15/2026 |  | 17,664               |              |                    | 17,664  |                |              | 17,735  |  |
| HMT Holding Inc.                                                  | ^+ |  | (2)(3)(6) |  | Energy: Oil & Gas                         |  | L + 5.75%                       |  | 6.75%             |  | 11/17/2023 |  | 32,484               |              |                    | 32,245  |                |              | 31,086  |  |
| Integrity Marketing Acquisition, LLC                              | ^+ |  | (2)(3)(6) |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.50%                       |  | 6.25%             |  | 8/27/2025  |  | 32,853               |              |                    | 32,309  |                |              | 32,403  |  |
| Jensen Hughes, Inc.                                               | +      |  | (2)(3)(6) |  | Utilities: Electric                           |  | L + 4.50%                       |  | 5.50%             |  | 3/22/2024  |  | 34,392               |              |                    | 34,347  |                |              | 33,395  |  |
| K2 Insurance Services, LLC                                        | +      |  | (2)(3)(6) |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.00%                       |  | 6.00%             |  | 7/1/2026   |  | 12,929               |              |                    | 12,929  |                |              | 12,906  |  |
| KAMC Holdings, Inc.                                               | +#     |  | (2)(3)    |  | Energy: Electricity                           |  | L + 4.00%                       |  | 4.18%             |  | 8/14/2026  |  | 13,685               |              |                    | 13,638  |                |              | 11,450  |  |
| KBP Investments, LLC                                              | +      |  | (2)(3)(6) |  | Beverage, Food & Tobacco                      |  | L + 5.00%                       |  | 5.75%             |  | 5/25/2027  |  | 36,973               |              |                    | 36,599  |                |              | 36,570  |  |
| Odyssey Logistics & Technology Corp.                          | +#     |  | (2)(3)    |  | Transportation: Cargo                         |  | L + 4.00%                       |  | 5.00%             |  | 10/12/2024 |  | 9,605                |              |                    | 9,580   |                |              | 9,509   |  |
| Output Services Group                                             | ^+ |  | (2)(3)    |  | Media: Advertising, Printing & Publishing |  | L + 4.50%                       |  | 5.50%             |  | 3/27/2024  |  | 19,222               |              |                    | 19,194  |                |              | 16,467  |  |
| Premise Health Holding Corp.                                      | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 3.50%                       |  | 3.72%             |  | 7/10/2025  |  | 13,445               |              |                    | 13,409  |                |              | 13,419  |  |
| Q Holding Company                                                 | +#     |  | (2)(3)    |  | Automotive                                        |  | L + 5.00%                       |  | 6.00%             |  | 12/31/2023 |  | 21,515               |              |                    | 21,421  |                |              | 21,098  |  |
| QW Holding Corporation                                            | ^+ |  | (2)(3)(6) |  | Environmental Industries                          |  | L + 6.25%                       |  | 7.25%             |  | 8/31/2024  |  | 14,116               |              |                    | 13,887  |                |              | 13,645  |  |

----

|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |              |               |               |               |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------|--------|--|-----------|--|---------------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|---|---------------------------|--------------|--------------------|---------------|----------------|--------------|---------------|---------------|---------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                                   |        |  | Footnotes |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |   | Par/ Principal Amount |              | Amortized Cost (4) |               | Fair Value (5) |
| Radiology Partners, Inc.                                          | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 4.25%                       |  | 4.36%             |  | 7/9/2025   |   | $                         | 27,686  |                    |               | $              | 27,603  |               |               | $             | 27,245  |  |
| RevSpring Inc.                                                    | +#     |  | (2)(3)    |  | Media: Advertising, Printing & Publishing |  | L + 4.25%                       |  | 4.47%             |  | 10/11/2025 |   | 29,149               |              |                    | 29,001   |                |              | 29,067   |               |
| Striper Buyer, LLC                                                | +      |  | (2)(3)    |  | Containers, Packaging & Glass                 |  | L + 5.50%                       |  | 6.25%             |  | 12/30/2026 |   | 14,850               |              |                    | 14,720   |                |              | 14,850   |               |
| Turbo Buyer, Inc.                                                 | +      |  | (2)(3)(6) |  | Automotive                                        |  | L + 6.00%                       |  | 7.00%             |  | 12/2/2025  |   | 13,960               |              |                    | 13,960   |                |              | 13,661   |               |
| U.S. TelePacific Holdings Corp.                                   | +      |  | (2)(3)    |  | Telecommunications                                |  | L + 5.50%                       |  | 6.50%             |  | 5/2/2023   |   | 6,660                |              |                    | 6,643    |                |              | 4,995    |               |
| USALCO, LLC                                                       | +      |  | (2)(3)    |  | Chemicals, Plastics & Rubber                  |  | L + 6.00%                       |  | 7.00%             |  | 10/19/2027 |   | 14,995               |              |                    | 14,704   |                |              | 14,704   |               |
| VRC Companies, LLC                                                | ^+ |  | (2)(3)(6) |  | Business Services                                 |  | L + 5.50%                       |  | 6.25%             |  | 6/29/2027  |   | 26,520               |              |                    | 26,103   |                |              | 26,162   |               |
| Welocalize, Inc.                                                  | +      |  | (2)(3)(6) |  | Business Services                                 |  | L + 4.75%                       |  | 5.75%             |  | 12/23/2024 |   | 34,201               |              |                    | 33,868   |                |              | 33,444   |               |
| WRE Holding Corp.                                                 | ^+ |  | (2)(3)(6) |  | Environmental Industries                          |  | SOFR + 5.50%                    |  | 6.50%             |  | 1/3/2025   |   | 8,740                |              |                    | 8,724    |                |              | 8,584    |               |
| Yellowstone Buyer Acquisition, LLC                                | +      |  | (2)(3)    |  | Consumer Goods: Durable                       |  | L + 5.75%                       |  | 6.75%             |  | 9/13/2027  |   | 39,900               |              |                    | 39,135   |                |              | 39,095   |               |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
| First Lien Debt Total                                             |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              | $                  | 934,728  |                |              | $             | 926,959  |               |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                                   |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |
| Equity Investments (0.2%of fair value)                            |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |
| DBI Holding, LLC                                                  | ^  |  |           |  | Transportation: Cargo                         |  |                                 |  |                   |  |                    |   | 2,961                |              |                    | $             | —   |              |               | $             | —  |              |
| DBI Holding, LLC                                                  | ^  |  |           |  | Transportation: Cargo                         |  |                                 |  |                   |  |                    |   | 13,996               |              |                    | 5,364    |                |              | —  |               |
| Equity Investments Total                                          |        |  |           |  |                                                   |  |                                 |  |                   |  |                    | $ | 5,364                |              |                    | $             | —   |              |
| Total Investments                                                 |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              | $                  | 940,092  |                |              | $             | 926,959  |               |

----

|                                                                                  |              |  |                 |   |                           |              |             |  |               |       |               |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--------------|--|-----------------|---|---------------------------|--------------|-------------|--|---------------|-------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|
| First Lien Debt—unfunded delayed draw and revolving term loans commitments | Type         |  | Unused Fee |   | Par/ Principal Amount |              | Fair Value  |
| ACR Group Borrower, LLC                                                          | Revolver     |  | 0.38       | % |                           | $            | 7,350  |  |               | $     | —  |  |
| Analogic Corporation                                                             | Revolver     |  | 0.50       |   |                           | 847     |             |  | (9)           |       |
| Chartis Holding, LLC                                                             | Revolver     |  | 0.50       |   |                           | 2,183   |             |  | —  |       |
| Chemical Computing Group ULC (Canada)                                            | Revolver     |  | 0.50       |   |                           | 873     |             |  | (4)           |       |
| Chudy Group, LLC                                                                 | Delayed Draw |  | 1.00       |   |                           | 5,517   |             |  | 88       |       |
| Chudy Group, LLC                                                                 | Revolver     |  | 0.50       |   |                           | 1,379   |             |  | 22       |       |
| Diligent Corporation                                                             | Delayed Draw |  | 1.00       |   |                           | 1,653   |             |  | 26       |       |
| Diligent Corporation                                                             | Revolver     |  | 0.50       |   |                           | 703     |             |  | 11       |       |
| EPS Nass Parent, Inc.                                                            | Delayed Draw |  | 1.00       |   |                           | 3,136   |             |  | (29)          |       |
| EPS Nass Parent, Inc.                                                            | Revolver     |  | 0.50       |   |                           | 941     |             |  | (9)           |       |
| EvolveIP, LLC                                                                    | Revolver     |  | 0.50       |   |                           | 3,360   |             |  | (17)          |       |
| GSM Acquisition Corp.                                                            | Delayed Draw |  | 1.00       |   |                           | 4,313   |             |  | (33)          |       |
| Heartland Home Services, Inc                                                     | Revolver     |  | 0.50       |   |                           | 746     |             |  | 3        |       |
| HMT Holding Inc.                                                                 | Revolver     |  | 0.50       |   |                           | 6,173   |             |  | (223)         |       |
| Integrity Marketing Acquisition, LLC                                             | Delayed Draw |  | —    |   |                           | 7,000   |             |  | (71)          |       |
| Integrity Marketing Acquisition, LLC                                             | Delayed Draw |  | 1.00       |   |                           | 4,453   |             |  | (45)          |       |
| Jensen Hughes, Inc.                                                              | Revolver     |  | 0.50       |   |                           | 2,000   |             |  | (55)          |       |
| K2 Insurance Services, LLC                                                       | Revolver     |  | 0.50       |   |                           | 1,170   |             |  | (2)           |       |
| KBP Investments, LLC                                                             | Delayed Draw |  | 1.00       |   |                           | 503     |             |  | (5)           |       |
| KBP Investments, LLC                                                             | Delayed Draw |  | 1.00       |   |                           | 2,415   |             |  | (24)          |       |
| QW Holding Corporation                                                           | Delayed Draw |  | 1.00       |   |                           | 9,338   |             |  | (162)         |       |
| QW Holding Corporation                                                           | Revolver     |  | 0.50       |   |                           | 3,794   |             |  | (66)          |       |
| Turbo Buyer, Inc.                                                                | Revolver     |  | 0.50       |   |                           | 933     |             |  | (19)          |       |
| VRC Companies, LLC                                                               | Delayed Draw |  | 0.75       |   |                           | 2,521   |             |  | (30)          |       |
| VRC Companies, LLC                                                               | Revolver     |  | 0.50       |   |                           | 833     |             |  | (10)          |       |
| Welocalize, Inc.                                                                 | Revolver     |  | 0.50       |   |                           | 3,375   |             |  | (64)          |       |
| Welocalize, Inc.                                                                 | Revolver     |  | 0.50       |   |                           | 2,250   |             |  | (43)          |       |
| WRE Holding Corp.                                                                | Revolver     |  | 0.50       |   |                           | 624     |             |  | (10)          |       |
|                                                                                  |              |  |                 |   |                           |              |             |
|                                                                                  |              |  |                 |   |                           |              |             |
|                                                                                  |              |  |                 |   |                           |              |             |
| Total unfunded commitments                                                       |              |  |                 |   | $                         | 80,383  |             |  | $             | (780) |               |

|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |  |         |  |               |          |   |              |  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------|--|----------------------|---------------|--------------------------|---------------|------|---------------|-----------------------------------|--|---|---------------|--|--|------|---------------|------|--|---------|--|---------------|----------|---|--------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                            |  | Credit Fund Facility |               | Credit Fund Sub Facility |               |      |               | Credit Fund Warehouse II Facility |
|                                            |  | 2022                 |               | 2021                     |               | 2022 |               | 2021                              |  |   |               |  |  | 2022 |               | 2021 |
| Three Month Periods Ended March 31,        |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
| Outstanding Borrowing, beginning of period |  | $                    | —  |                          |               | $    | —  |                                   |  | $ | 514,621  |  |  | $    | 420,859  |      |  |         |  |               |          | $ | 86,030  |  |  | $ | 93,402  |  |
| Borrowings                                 |  | —         |               |                          | —  |      |               | —                      |  |   | 63,000   |  |  |      |               |      |  |         |  | —  |          |
| Repayments                                 |  | —         |               |                          | —  |      |               | (37,000)                          |  |   | (120,738)     |  |  |      |               |      |  | (9,322) |  |               | (10,222) |   |
| Outstanding Borrowing, end of period       |  | $                    | —  |                          |               | $    | —  |                                   |  | $ | 477,621  |  |  | $    | 363,121  |      |  |         |  |               |          | $ | 76,708  |  |  | $ | 83,180  |  |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |

----

----

|                                                                                      |                |               |                   |              |   |               |  |  |  |  |  |
|--------------------------------------------------------------------------------------|----------------|---------------|-------------------|--------------|---|---------------|--|--|--|--|--|
|                                                                                      | As of          |
|                                                                                      | March 31, 2022 |               | December 31, 2021 |
|                                                                                      |                |               |                   |
| ASSETS                                                                               |                |               |                   |
| Investments, at fair value (amortized cost of $225,068 and $238,615, respectively)   | $              | 224,313  |                   |              | $ | 239,289  |  |
| Cash and cash equivalents(1)                                                         | 21,800    |               |                   | 10,092  |   |
| Other assets                                                                         | 8,374     |               |                   | 5,606   |   |
| Total assets                                                                         | $              | 254,487  |                   |              | $ | 254,987  |  |
| LIABILITIES AND MEMBERS’ EQUITY                                                |                |               |                   |
|                                                                                      |                |               |                   |
| Notes payable, net of unamortized debt issuance costs of $782 and $802, respectively | $              | 156,717  |                   |              | $ | 156,698  |  |
| Other liabilities                                                                    | 6,386     |               |                   | 5,557   |   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
| Total members' equity (2)                                                            | 91,384    |               |                   | 92,732  |   |
| Total liabilities and members’ equity                                          | $              | 254,487  |                   |              | $ | 254,987  |  |

----

|                                                                     |  |  |  |                                  |  |                |  |                |             |             |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--|--|----------------------------------|--|----------------|--|----------------|-------------|-------------|--|--|--|--|--|--|--|--|
|                                                                     |  |  |  | For the three month period ended |
|                                                                |  |  |  |                                  |  | March 31, 2022 |  | March 31, 2021 |
|                                                                |  |  |  | (unaudited)                      |
| Selected Consolidated Statement of Operations Information:      |  |  |  |                                  |  |                |  |                |
| Total investment income                                             |  |  |  |                                  |  | 4,486     |  |                | $           | 4,563  |  |
| Expenses                                                            |  |  |  |                                  |  |                |  |                |
| Interest and credit facility expenses                               |  |  |  |                                  |  | 1,219     |  |                | 1,201  |             |
| Other expenses                                                      |  |  |  |                                  |  | 186       |  |                | 191    |             |
| Total expenses                                                      |  |  |  |                                  |  | 1,405     |  |                | 1,392  |             |
| Net investment income (loss)                                        |  |  |  |                                  |  | 3,081     |  |                | 3,171  |             |
|                                                                     |  |  |  |                                  |  |                |  |                |
| Net change in unrealized appreciation (depreciation) on investments |  |  |  |                                  |  | (1,429)        |  |                | 494    |             |
| Net increase (decrease) resulting from operations                   |  |  |  |                                  |  | 1,652     |  |                | $           | 3,665  |  |

|                                                                             |                |               |                   |            |   |               |  |  |  |  |  |
|-----------------------------------------------------------------------------|----------------|---------------|-------------------|------------|---|---------------|--|--|--|--|--|
|                                                                             | As of          |
|                                                                        | March 31, 2022 |               | December 31, 2021 |
| Senior secured loans (1)                                                    | $              | 227,129  |                   |            | $ | 240,878  |  |
| Weighted average yields of senior secured loans based on amortized cost (2) | 7.35      | %             |                   | 7.26  | % |
| Weighted average yields of senior secured loans based on fair value (2)     | 7.37      | %             |                   | 7.24  | % |
| Number of portfolio companies in Credit Fund II                             | 33        |               |                   | 36    |   |
| Average amount per portfolio company (1)                                    | $              | 6,883    |                   |            | $ | 6,691    |  |
| Percentage of portfolio at floating interest rates (3) (4)                  | 97.7      | %             |                   | 97.7  | % |
| Percentage of portfolio at fixed interest rates (4)                         | 2.3       | %             |                   | 2.3   | % |
| Fair value of loans with PIK provisions                                     | $              | 17,486   |                   |            | $ | 17,453   |  |
| Percentage of portfolio with PIK provisions (4)                             | 7.8       | %             |                   | 7.3   | % |

|                                                           |       |  |           |  |                                   |  |                                 |  |                        |  |                    |  |                           |             |                         |             |                |             |             |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-------|--|-----------|--|-----------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|---------------------------|-------------|-------------------------|-------------|----------------|-------------|-------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |       |  | Footnotes |  | Industry                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |             | Amortized Cost (4) |             | Fair Value (5) |
| First Lien Debt (88.7% of fair value)                     |       |  |           |  |                                   |  |                                 |  |                        |  |                    |  |                           |             |
| Airnov, Inc.                                              | ^ |  | (2)(3)    |  | Containers, Packaging & Glass |  | L + 5.00%                       |  | 6.00%                  |  | 12/19/2025 |  | $                         | 9,920  |                         |             | $              | 9,906  |             |  | $ | 9,913  |  |
| American Physician Partners, LLC                          | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals  |  | L + 10.25% (8.75%, 1.50% PIK)   |  | 11.25%                 |  | 4/8/2022   |  | 8,447                |             |                         | 8,447  |                |             | 8,447  |  |

----

|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |             |              |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-------|--|-----------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|---------------------------|-------------|-------------------------|---------------|----------------|-------------|--------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |       |  | Footnotes |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |             | Amortized Cost (4) |               | Fair Value (5) |
| Appriss Health, LLC                                       | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 7.25%                       |  | 8.25%                  |  | 5/6/2027   |  | 1,197                |             |                         | 1,178    |                |             | 1,176   |               |
| Apptio, Inc.                                              | ^ |  | (2)(3)    |  | Software                                      |  | L + 7.25%                       |  | 8.25%                  |  | 1/10/2025  |  | 5,357                |             |                         | 5,299    |                |             | 5,357   |               |
| Aurora Lux FinCo S.Á.R.L. (Luxembourg)               | ^ |  | (2)(3)    |  | Software                                      |  | L + 6.00%                       |  | 7.00%                  |  | 12/24/2026 |  | 4,344                |             |                         | 4,265    |                |             | 3,943   |               |
| BMS Holdings III Corp.                                    | ^ |  | (2)(3)    |  | Construction & Building                   |  | L + 5.50%                       |  | 6.50%                  |  | 9/30/2026  |  | 3,266                |             |                         | 3,211    |                |             | 3,219   |               |
| Captive Resources Midco, LLC                              | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 5/31/2027  |  | 8,193                |             |                         | 8,114    |                |             | 8,113   |               |
| Chartis Holding, LLC                                      | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 5/1/2025   |  | 9,899                |             |                         | 9,883    |                |             | 9,866   |               |
| Comar Holding Company, LLC                                | ^ |  | (2)(3)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%                  |  | 6/18/2024  |  | 8,687                |             |                         | 8,616    |                |             | 8,431   |               |
| Cority Software Inc. (Canada)                             | ^ |  | (2)(3)    |  | Software                                      |  | L + 5.00%                       |  | 6.00%                  |  | 7/2/2026   |  | 8,689                |             |                         | 8,574    |                |             | 8,662   |               |
| Dwyer Instruments, Inc                                    | ^ |  | (2)(3)    |  | Capital Equipment                             |  | L + 5.50%                       |  | 6.25%                  |  | 7/21/2027  |  | 9,975                |             |                         | 9,916    |                |             | 9,948   |               |
| Ethos Veterinary Health LLC                               | ^ |  | (2)(3)    |  | Consumer Services                             |  | L + 4.75%                       |  | 4.85%                  |  | 5/15/2026  |  | 8,122                |             |                         | 8,071    |                |             | 8,122   |               |
| EvolveIP, LLC                                             | ^ |  | (2)(3)(7) |  | Telecommunications                            |  | SOFR + 5.50%                    |  | 6.50%                  |  | 6/7/2025   |  | 8,688                |             |                         | 8,680    |                |             | 8,668   |               |
| Harbour Benefit Holdings, Inc.                            | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.25%                       |  | 6.25%                  |  | 12/13/2024 |  | 4,698                |             |                         | 4,690    |                |             | 4,692   |               |
| K2 Insurance Services, LLC                                | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.00%                       |  | 6.00%                  |  | 7/1/2026   |  | 8,990                |             |                         | 8,900    |                |             | 8,979   |               |
| Kaseya, Inc.                                              | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 6.50% (5.50%, 1.00% PIK)    |  | 7.50%                  |  | 5/3/2025   |  | 9,116                |             |                         | 9,018    |                |             | 9,039   |               |
| Material Holdings, LLC                                    | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.75%                       |  | 6.50%                  |  | 8/19/2027  |  | $                         | 7,960  |                         |               | $              | 7,879  |              |               | $ | 7,720  |  |
| Maverick Acquisition, Inc.                                | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 6/1/2027   |  | 7,960                |             |                         | 7,800    |                |             | 7,627   |               |
| National Technical Systems, Inc.                          | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 5.50%                       |  | 6.50%                  |  | 6/12/2023  |  | 8,711                |             |                         | 8,700    |                |             | 8,688   |               |
| NMI AcquisitionCo, Inc.                                   | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 5.75%                       |  | 6.50%                  |  | 9/6/2025   |  | 8,685                |             |                         | 8,668    |                |             | 8,563   |               |
| Redwood Services Group, LLC                               | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 6.00%                       |  | 7.00%                  |  | 6/6/2024   |  | 8,715                |             |                         | 8,704    |                |             | 8,634   |               |
| Riveron Acquisition Holdings, Inc.                        | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%                  |  | 5/22/2025  |  | 8,153                |             |                         | 8,060    |                |             | 8,152   |               |
| RSC Acquisition, Inc.                                     | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 11/1/2026  |  | 8,380                |             |                         | 8,262    |                |             | 8,106   |               |
| TCFI Aevex LLC                                            | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 3/18/2026  |  | 1,697                |             |                         | 1,673    |                |             | 1,424   |               |
| Turbo Buyer, Inc.                                         | ^ |  | (2)(3)    |  | Automotive                                    |  | L + 6.00%                       |  | 7.00%                  |  | 12/2/2025  |  | 8,071                |             |                         | 7,938    |                |             | 7,946   |               |
| US INFRA SVCS Buyer, LLC                                  | ^ |  | (2)(3)    |  | Environmental Industries                      |  | L + 6.50%                       |  | 7.50%                  |  | 4/13/2026  |  | 3,258                |             |                         | 3,212    |                |             | 3,161   |               |
| U.S. Legal Support, Inc.                                  | ^ |  | (2)(3)(7) |  | Business Services                             |  | SOFR + 5.25%                    |  | 6.25%                  |  | 11/30/2024 |  | 6,218                |             |                         | 6,208    |                |             | 6,093   |               |
| Westfall Technik, Inc.                                    | ^ |  | (2)(3)    |  | Chemicals, Plastics & Rubber              |  | L + 5.75%                       |  | 6.75%                  |  | 9/13/2024  |  | 6,402                |             |                         | 6,328    |                |             | 6,300   |               |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
| First Lien Debt Total                                     |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             | $                       | 200,200  |                |             | $            | 198,989  |   |
| Second Lien Debt (11.3% of fair value)                    |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |
| AI Convoy S.A.R.L (United Kingdom)                        | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 8.25%                       |  | 9.25%                  |  | 1/17/2028  |  | $                         | 5,514  |                         |               | $              | 5,416  |              |               | $ | 5,734  |  |
| AP Plastics Acquisition Holdings, LLC                     | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 7.50%                       |  | 8.25%                  |  | 8/10/2029  |  | 4,500                |             |                         | 4,412    |                |             | 4,504   |               |
| AQA Acquisition Holdings, Inc.                            | ^ |  | (2)(3)    |  | Software                                      |  | L + 7.50%                       |  | 8.00%                  |  | 3/3/2029   |  | 5,000                |             |                         | 4,884    |                |             | 4,996   |               |
| Quartz Holding Company                                    | ^ |  | (2)(3)    |  | Capital Equipment                             |  | L + 8.00%                       |  | 8.10%                  |  | 4/2/2027   |  | 4,852                |             |                         | 4,784    |                |             | 4,852   |               |
| World 50, Inc.                                            | ^ |  | (6)       |  | Business Services                             |  | 11.50%                          |  | 11.50%                 |  | 1/9/2027   |  | 5,465                |             |                         | 5,372    |                |             | 5,238   |               |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
| Second Lien Debt Total                                    |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           | $           | 24,868             |               |                | $           | 25,324  |               |
| Total Investments                                         |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             | $                       | 225,068  |                |             | $            | 224,313  |   |

----

----

|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |             |             |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|-------|--|-----------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|---------------------------|-------------|-------------------------|---------------|----------------|-------------|-------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                              |       |  | Footnotes |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |             | Amortized Cost (4) |               | Fair Value (5) |
| First Lien Debt (87.0%) of fair value)                       |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |
| Airnov, Inc.                                                 | ^ |  | (2)(3)    |  | Containers, Packaging & Glass             |  | L + 5.00%                       |  | 6.00%                  |  | 12/19/2025 |  | $                         | 9,946  |                         |               | $              | 9,930  |             |               | $ | 9,946  |  |
| American Physician Partners, LLC                             | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 6.75%, 1.50% PIK            |  | 9.25%                  |  | 2/21/2022  |  | 8,415                |             |                         | 8,415    |                |             | 8,415  |               |
| Appriss Health, LLC                                          | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 7.25%                       |  | 8.25%                  |  | 5/6/2027   |  | 1,197                |             |                         | 1,178    |                |             | 1,198  |               |
| Apptio, Inc.                                                 | ^ |  | (2)(3)    |  | Software                                      |  | L + 7.25%                       |  | 8.25%                  |  | 1/10/2025  |  | 5,357                |             |                         | 5,295    |                |             | 5,357  |               |
| Aurora Lux FinCo S.Á.R.L. (Luxembourg)                  | ^ |  | (2)(3)    |  | Software                                      |  | L + 6.00%                       |  | 7.00%                  |  | 12/24/2026 |  | 4,355                |             |                         | 4,273    |                |             | 3,924  |               |
| Avenu Holdings, LLC                                          | ^ |  | (2)(3)    |  | Sovereign & Public Finance                |  | L + 5.25%                       |  | 6.25%                  |  | 9/28/2024  |  | 987                  |             |                         | 980      |                |             | 987    |               |
| BMS Holdings III Corp.                                       | ^ |  | (2)(3)    |  | Construction & Building                   |  | L + 5.50%                       |  | 6.50%                  |  | 9/30/2026  |  | 3,275                |             |                         | 3,216    |                |             | 3,224  |               |
| Captive Resources Midco, LLC                                 | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 5/31/2027  |  | 8,193                |             |                         | 8,108    |                |             | 8,147  |               |
| Chartis Holding, LLC                                         | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 5/1/2025   |  | 9,924                |             |                         | 9,907    |                |             | 9,924  |               |
| Comar Holding Company, LLC                                   | ^ |  | (2)(3)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%                  |  | 6/18/2024  |  | 8,710                |             |                         | 8,632    |                |             | 8,536  |               |
| Cority Software Inc. (Canada)                                | ^ |  | (2)(3)    |  | Software                                      |  | L + 5.00%                       |  | 6.00%                  |  | 7/2/2026   |  | 8,712                |             |                         | 8,591    |                |             | 8,707  |               |
| Dwyer Instruments, Inc                                       | ^ |  | (2)(3)    |  | Capital Equipment                             |  | L + 5.50%                       |  | 6.25%                  |  | 7/21/2027  |  | 10,000               |             |                         | 9,939    |                |             | 9,974  |               |
| Ethos Veterinary Health LLC                                  | ^ |  | (2)(3)    |  | Consumer Services                             |  | L + 4.75%                       |  | 4.85%                  |  | 5/15/2026  |  | 8,134                |             |                         | 8,080    |                |             | 8,134  |               |
| EvolveIP, LLC                                                | ^ |  | (2)(3)    |  | Telecommunications                            |  | L + 5.50%                       |  | 6.50%                  |  | 6/7/2025   |  | 8,710                |             |                         | 8,701    |                |             | 8,666  |               |
| Harbour Benefit Holdings, Inc.                               | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.25%                       |  | 6.25%                  |  | 12/13/2024 |  | 4,717                |             |                         | 4,707    |                |             | 4,669  |               |
| K2 Insurance Services, LLC                                   | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.00%                       |  | 6.00%                  |  | 7/1/2026   |  | 9,012                |             |                         | 8,914    |                |             | 8,998  |               |
| Kaseya, Inc.                                                 | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 5.50%, 1.00% PIK            |  | 7.50%                  |  | 5/3/2025   |  | 9,092                |             |                         | 8,987    |                |             | 9,038  |               |
| Material Holdings, LLC                                       | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.75%                       |  | 6.50%                  |  | 8/19/2027  |  | 7,980                |             |                         | 7,896    |                |             | 7,891  |               |
| Maverick Acquisition, Inc.                                   | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 6/1/2027   |  | 7,980                |             |                         | 7,814    |                |             | 7,808  |               |
| National Technical Systems, Inc.                             | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 5.50%                       |  | 6.50%                  |  | 6/12/2023  |  | 8,733                |             |                         | 8,720    |                |             | 8,733  |               |
| NMI AcquisitionCo, Inc.                                      | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 5.75%                       |  | 6.50%                  |  | 9/6/2025   |  | 8,708                |             |                         | 8,680    |                |             | 8,601  |               |
| Redwood Services Group, LLC                                  | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 6.00%                       |  | 7.00%                  |  | 6/6/2024   |  | 8,736                |             |                         | 8,724    |                |             | 8,737  |               |
| Riveron Acquisition Holdings, Inc.                           | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%                  |  | 5/22/2025  |  | 8,173                |             |                         | 8,074    |                |             | 8,173  |               |
| RSC Acquisition, Inc.                                        | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 11/1/2026  |  | 8,401                |             |                         | 8,277    |                |             | 8,434  |               |
| Superior Health Linens, LLC                                  | ^ |  | (2)(3)    |  | Business Services                             |  | L + 6.50%                       |  | 7.50%                  |  | 3/31/2022  |  | 6,875                |             |                         | 6,875    |                |             | 6,875  |               |
| TCFI Aevex LLC                                               | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 3/18/2026  |  | 1,701                |             |                         | 1,676    |                |             | 1,458  |               |
| Turbo Buyer, Inc.                                            | ^ |  | (2)(3)    |  | Automotive                                    |  | L + 6.00%                       |  | 7.00%                  |  | 12/2/2025  |  | 8,091                |             |                         | 7,950    |                |             | 7,929  |               |
| US INFRA SVCS Buyer, LLC                                     | ^ |  | (2)(3)    |  | Environmental Industries                      |  | L + 6.50%                       |  | 7.50%                  |  | 4/13/2026  |  | 3,267                |             |                         | 3,217    |                |             | 3,189  |               |
| U.S. Legal Support, Inc.                                     | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 11/30/2024 |  | 6,234                |             |                         | 6,223    |                |             | 6,165  |               |
| Westfall Technik, Inc.                                       | ^ |  | (2)(3)    |  | Chemicals, Plastics & Rubber              |  | L + 5.75%                       |  | 6.75%                  |  | 9/13/2024  |  | 6,418                |             |                         | 6,337    |                |             | 6,359  |               |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
| First Lien Debt Total                                        |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             | $                       | 208,316  |                |             | $           | 208,196  |   |
| Second Lien Debt (13.0%) of fair value                       |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |
| AI Convoy S.A.R.L (United Kingdom)                           | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 8.25%                       |  | 9.25%                  |  | 1/17/2028  |  | $                         | 5,514  |                         |               | $              | 5,413  |             |               | $ | 5,720  |  |
| AP Plastics Acquisition Holdings, LLC                        | ^ |  | (2)(3)    |  | Chemicals, Plastics & Rubber              |  | L + 7.50%                       |  | 8.25%                  |  | 8/10/2029  |  | 4,500                |             |                         | 4,410    |                |             | 4,526  |               |

----

|                                                              |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |             |                         |               |                |             |              |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|-------|--|-----------|--|----------------------|--|---------------------------------|--|------------------------|--|-------------------|--|---------------------------|-------------|-------------------------|---------------|----------------|-------------|--------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                              |       |  | Footnotes |  | Industry             |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date     |  | Par/ Principal Amount |             | Amortized Cost (4) |               | Fair Value (5) |
| AQA Acquisition Holdings, Inc.                               | ^ |  | (2)(3)    |  | High Tech Industries |  | L + 7.50%                       |  | 8.00%                  |  | 3/3/2029  |  | $                         | 5,000  |                         |               | $              | 4,881  |              |               | $ | 5,004  |  |
| Quartz Holding Company                                       | ^ |  | (2)(3)    |  | Software             |  | L + 8.00%                       |  | 8.10%                  |  | 4/2/2027  |  | 4,852                |             |                         | 4,781    |                |             | 4,852   |               |
| Tank Holding Corp.                                           | ^ |  | (2)(3)    |  | Capital Equipment    |  | L + 8.25%                       |  | 8.35%                  |  | 3/26/2027 |  | 5,514                |             |                         | 5,446    |                |             | 5,569   |               |
| World 50, Inc.                                               | ^ |  | (6)       |  | Business Services    |  | 11.50%                          |  | 11.50%                 |  | 1/9/2027  |  | 5,465                |             |                         | 5,368    |                |             | 5,422   |               |
|                                                              |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |             |                         |               |                |
|                                                              |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |             |                         |               |                |
| Second Lien Debt Total                                       |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           | $           | 30,299             |               |                | $           | 31,093  |               |
| Total Investments                                            |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |             | $                       | 238,615  |                |             | $            | 239,289  |   |

|                                            |                                                            |               |                |              |   |               |  |  |  |  |  |  |  |  |  |
|--------------------------------------------|------------------------------------------------------------|---------------|----------------|--------------|---|---------------|--|--|--|--|--|--|--|--|--|
|                                            | For the three month periods ended |               |                |
|                                            | March 31, 2022                                             |               | March 31, 2021 |              |   |               |  |
| Outstanding Borrowing, beginning of period | $                                                          | 407,655  |                |              | $ | 347,949  |  |  |  |  |  |
| Borrowings                                 | 58,500                                                |               |                | 40,286  |   |               |  |  |  |
| Repayments                                 | (104,246)                                                  |               |                | (79,000)     |   |               |  |  |  |
| Foreign currency translation               | (2,230)                                                    |               |                | 162     |   |               |  |  |  |
| Outstanding Borrowing, end of period       | $                                                          | 359,679  |                |              | $ | 309,397  |  |  |  |  |  |

----

|                 |                     |               |                        |  |                              |               |                           |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|-----------------|---------------------|---------------|------------------------|--|------------------------------|---------------|---------------------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|            | March 31, 2022      |
|            | Total Facility |               | Borrowings Outstanding |  | Unused Portion (1) |               | Amount Available (2) |
|                 |                     |               |                        |  |                              |               |                           |
| Credit Facility | $                   | 688,000  |                        |  | $                            | 359,679  |                           |  | $ | 328,321  |  |  | $ | 328,518  |  |
| Total           | $                   | 688,000  |                        |  | $                            | 359,679  |                           |  | $ | 328,321  |  |  | $ | 328,518  |  |
|                 |                     |               |                        |  |                              |               |                           |
|            | December 31, 2021   |
|            | Total Facility |               | Borrowings Outstanding |  | Unused Portion (1) |               | Amount Available (2) |
|                 |                     |               |                        |  |                              |               |                           |
| Credit Facility | $                   | 688,000  |                        |  | $                            | 407,655  |                           |  | $ | 280,345  |  |  | $ | 280,706  |  |
| Total           | $                   | 688,000  |                        |  | $                            | 407,655  |                           |  | $ | 280,345  |  |  | $ | 280,706  |  |

|                                                 |                                                            |               |                |               |   |               |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|------------------------------------------------------------|---------------|----------------|---------------|---|---------------|--|--|--|--|--|--|--|--|--|
|                                            | For the three month periods ended |               |                |
|                                            | March 31, 2022                                             |               | March 31, 2021 |               |   |               |  |
| Interest expense                                | $                                                          | 2,209    |                |               | $ | 2,033    |  |  |  |  |  |
| Facility unused commitment fee                  | 333                                                   |               |                | 328      |   |               |  |  |  |
| Amortization of deferred financing costs        | 184                                                   |               |                | 191      |   |               |  |  |  |
| Other fees                                      | —                                               |               |                | —  |   |               |  |  |  |
| Total interest expense and credit facility fees | $                                                          | 2,726    |                |               | $ | 2,552    |  |  |  |  |  |
| Cash paid for interest expense                  | $                                                          | 2,224    |                |               | $ | 1,985    |  |  |  |  |  |
|                                                 |                                                            |               |                |               |   |               |  |
| Average principal debt outstanding              | $                                                          | 348,452  |                |               | $ | 340,357  |  |  |  |  |  |
| Weighted average interest rate                  | 2.54                                                  | %             |                | 2.39     | % |               |  |  |  |

----

|                                                                |                |           |                   |               |   |           |  |  |  |  |  |
|----------------------------------------------------------------|----------------|-----------|-------------------|---------------|---|-----------|--|--|--|--|--|
|                                                                | As of          |
|                                                                | March 31, 2022 |           | December 31, 2021 |
| Interest expense payable                                       | $              | 560  |                   |               | $ | 264  |  |
| Unused commitment fees payable                                 | 20        |           |                   | 3        |   |
| Other credit facility fees payable                             | —   |           |                   | —  |   |
| Interest and credit facilities payable                         | $              | 580  |                   |               | $ | 267  |  |
|                                                                |                |           |                   |
| Weighted average interest rate (based on floating LIBOR rates) | 2.95      | %         |                   | 2.37     | % |

----

----

|                                                 |                                   |             |                |          |   |             |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|-----------------------------------|-------------|----------------|----------|---|-------------|--|--|--|--|--|--|--|--|--|
|                                            | For the three month periods ended |             |                |
|                                            | March 31, 2022                    |             | March 31, 2021 |          |   |             |  |
| Interest expense                                | $                                 | 2,619  |                |          | $ | 2,671  |  |  |  |  |  |
| Amortization of deferred financing costs        | 62                           |             |                | 62  |   |             |  |  |  |
| Total interest expense and credit facility fees | $                                 | 2,681  |                |          | $ | 2,733  |  |  |  |  |  |
| Cash paid for interest expense                  | $                                 | 2,673  |                |          | $ | 2,720  |  |  |  |  |  |

|                                      |  |                |               |                   |               |   |                 |  |  |  |  |  |  |  |
|--------------------------------------|--|----------------|---------------|-------------------|---------------|---|-----------------|--|--|--|--|--|--|--|
| Payment Due by Period |  | March 31, 2022 |               | December 31, 2021 |
| Less than one year                   |  | $              | —  |                   |               | $ | —    |  |
| 1-3 years                            |  | 190,000   |               |                   | 190,000  |   |
| 3-5 years                            |  | 359,679   |               |                   | 407,655  |   |
| More than 5 years                    |  | 449,200   |               |                   | 449,200  |   |
| Total                                |  | $              | 998,879  |                   |               | $ | 1,046,855  |  |

----

|                                     |                 |               |                   |              |   |               |  |  |  |  |  |
|-------------------------------------|-----------------|---------------|-------------------|--------------|---|---------------|--|--|--|--|--|
|                                | Par Value as of |
|                                | March 31, 2022  |               | December 31, 2021 |
| Unfunded delayed draw commitments   | $               | 173,121  |                   |              | $ | 112,985  |  |
| Unfunded revolving loan commitments | 64,775     |               |                   | 67,513  |   |
| Total unfunded commitments          | $               | 237,896  |                   |              | $ | 180,498  |  |

|                    |  |                    |  |                    |  |                       |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--|--------------------|--|--------------------|--|-----------------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Date Declared |  | Record Date   |  | Payment Date       |  | Per Share Amount |             |
| March 31, 2021     |  | March 31, 2021     |  | March 31, 2021     |  | 0.438            |             |  |
| June 30, 2021      |  | June 30, 2021      |  | June 30, 2021      |  | 0.438            |             |  |
| September 30, 2021 |  | September 30, 2021 |  | September 30, 2021 |  | 0.438            |             |  |
| December 29, 2021  |  | December 31, 2021  |  | December 31, 2021  |  | 0.438            |             |  |
| March 25, 2022     |  | March 31, 2022     |  | March 31, 2022     |  | 0.438            |             |  |
| Total              |  |                    |  |                    |  | $                     | 2.190  |  |  |

----

|                                                        |  |                 |  |                    |               |                                |  |                |                  |                                               |               |                                           |           |                                                        |  |                  |                 |  |  |               |         |  |               |   |              |               |  |   |              |  |  |   |          |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|--|-----------------|--|--------------------|---------------|--------------------------------|--|----------------|------------------|-----------------------------------------------|---------------|-------------------------------------------|-----------|--------------------------------------------------------|--|------------------|-----------------|--|--|---------------|---------|--|---------------|---|--------------|---------------|--|---|--------------|--|--|---|----------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                   |  | Preferred Stock |  |  Common Stock |               | Capital in Excess of Par Value |  | Offering Costs |                  | Accumulated Net Investment Income (Loss) |               | Accumulated Net Realized Gain (Loss) |           | Accumulated Net Unrealized Appreciation (Depreciation) |  | Total Net Assets |
|                                                   |  | Shares          |  | Amount             |               | Shares                         |  | Amount         |                  |
| Balance, January 1, 2022                               |  | 2,000,000  |  |                    | $             | 50,000                    |  |                | 53,142,454  |                                               |               | $                                         | 532  |                                                        |  | $                | 1,052,427  |  |  | $             | (1,633) |  |               | $ | 19,562  |               |  | $ | (123,297)    |  |  | $ | (48,787) |  |  | $ | 948,804  |  |
| Repurchase of common stock                             |  | —    |  |                    | —  |                                |  | (495,296)      |                  |                                               | (5)           |                                           |           | (7,003)                                                |  |                  | —    |  |  | —  |         |  | —  |   |              | —  |  |   | (7,008)      |  |
|                                                        |  |                 |  |                    |               |                                |  |                |                  |                                               |               |                                           |           |                                                        |  |                  |                 |  |  |               |
| Net investment income (loss)                           |  | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | 25,519   |         |  | —  |   |              | —  |  |   | 25,519  |  |
| Net realized gain (loss)                               |  | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | —  |         |  | 5,471    |   |              | —  |  |   | 5,471   |  |
| Net change in unrealized appreciation (depreciation)   |  | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | —  |         |  | —  |   |              | (307)         |  |   | (307)        |  |
| Dividends declared on common stock and preferred stock |  | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | (21,939)      |         |  | —  |   |              | —  |  |   | (21,939)     |  |
| Balance, March 31, 2022                                |  | 2,000,000  |  |                    | $             | 50,000                    |  |                | 52,647,158  |                                               |               | $                                         | 527  |                                                        |  | $                | 1,045,424  |  |  | $             | (1,633) |  |               | $ | 23,142  |               |  | $ | (117,826)    |  |  | $ | (49,094) |  |  | $ | 950,540  |  |

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

|                                                      |                 |  |                    |               |                                |  |                |                  |                                               |               |                                           |           |                                                        |  |                  |                 |  |  |               |         |  |               |   |              |               |  |   |               |  |  |   |           |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------|-----------------|--|--------------------|---------------|--------------------------------|--|----------------|------------------|-----------------------------------------------|---------------|-------------------------------------------|-----------|--------------------------------------------------------|--|------------------|-----------------|--|--|---------------|---------|--|---------------|---|--------------|---------------|--|---|---------------|--|--|---|-----------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                 | Preferred Stock |  |  Common Stock |               | Capital in Excess of Par Value |  | Offering Costs |                  | Accumulated Net Investment Income (Loss) |               | Accumulated Net Realized Gain (Loss) |           | Accumulated Net Unrealized Appreciation (Depreciation) |  | Total Net Assets |
|                                                 | Shares          |  | Amount             |               | Shares                         |  | Amount         |                  |
| Balance, January 1, 2021                             | 2,000,000  |  |                    | $             | 50,000                    |  |                | 55,320,309  |                                               |               | $                                         | 553  |                                                        |  | $                | 1,081,436  |  |  | $             | (1,633) |  |               | $ | 14,568  |               |  | $ | (140,133)     |  |  | $ | (103,428) |  |  | $ | 901,363  |  |
| Repurchase of common stock                           | —    |  |                    | —  |                                |  | (511,047)      |                  |                                               | (5)           |                                           |           | (5,565)                                                |  |                  | —    |  |  | —  |         |  | —  |   |              | —  |  |   | (5,570)       |  |
| Issuance of Preferred Stock                          | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | —  |         |  | —  |   |              | —  |  |   | —  |  |
|                                                      |                 |  |                    |               |                                |  |                |                  |                                               |               |                                           |           |                                                        |  |                  |                 |  |  |               |
| Net investment income (loss)                         | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | 20,679   |         |  | —  |   |              | —  |  |   | 20,679   |  |
| Net realized gain (loss)                             | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | —  |         |  | 1,591    |   |              | —  |  |   | 1,591    |  |
| Net change in unrealized appreciation (depreciation) | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | —  |         |  | —  |   |              | 13,634   |  |   | 13,634   |  |
| Dividends declared                                   | —    |  |                    | —  |                                |  | —   |                  |                                               | —  |                                           |           | —                                           |  |                  | —    |  |  | (21,177)      |         |  | —  |   |              | —  |  |   | (21,177)      |  |
|                                                      |                 |  |                    |               |                                |  |                |                  |                                               |               |                                           |           |                                                        |  |                  |                 |  |  |               |
| Balance, March 31, 2021                              | 2,000,000  |  |                    | $             | 50,000                    |  |                | 54,809,262  |                                               |               | $                                         | 548  |                                                        |  | $                | 1,075,871  |  |  | $             | (1,633) |  |               | $ | 14,070  |               |  | $ | (138,542)     |  |  | $ | (89,794)  |  |  | $ | 910,520  |  |

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

----

|                                                                                                     |  |                                                 |              |         |                  |   |              |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------|--|-------------------------------------------------|--------------|---------|------------------|---|--------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                |  | For the three month period ended March 31, 2022 |              |         |
|                                                                                                |  | Basic                                           |              | Diluted |                  |   |              |  |
| Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders |  | $                                               | 29,808  |         |                  | $ | 30,683  |  |  |  |  |  |
| Weighted-average common shares outstanding                                                          |  | 52,892,054                                 |              |         | 58,194,422  |   |              |  |  |  |
| Basic and diluted earnings per share                                                                |  | $                                               | 0.56    |         |                  | $ | 0.53    |  |  |  |  |  |

|                                                                                                     |  |                                                 |              |         |                  |   |              |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------|--|-------------------------------------------------|--------------|---------|------------------|---|--------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                     |  | For the three month period ended March 31, 2021 |              |         |
|                                                                                                     |  | Basic                                           |              | Diluted |                  |   |              |  |
| Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders |  | $                                               | 35,029  |         |                  | $ | 35,904  |  |  |  |  |  |
| Weighted-average common shares outstanding                                                          |  | 55,039,010                                 |              |         | 60,306,312  |   |              |  |  |  |
| Basic and diluted earnings per share                                                                |  | $                                               | 0.64    |         |                  | $ | 0.60    |  |  |  |  |  |

|                    |  |                    |  |                  |  |                              |            |  |     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--|--------------------|--|------------------|--|------------------------------|------------|--|-----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Date Declared |  | Record Date   |  | Payment Date     |  | Per Common Share Amount |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
|                    |  |                    |  |                  |  |                              |            |
| February 24, 2020  |  | March 31, 2020     |  | April 17, 2020   |  | $                            | 0.37  |  |     |
| May 4, 2020        |  | June 30, 2020      |  | July 17, 2020    |  | $                            | 0.37  |  |     |
| August 3, 2020     |  | September 30, 2020 |  | October 16, 2020 |  | $                            | 0.32  |  | (2) |
| August 3, 2020     |  | September 30, 2020 |  | October 16, 2020 |  | $                            | 0.05  |  | (1) |
| November 2, 2020   |  | December 31, 2020  |  | January 15, 2021 |  | $                            | 0.32  |  |     |
| November 2, 2020   |  | December 31, 2020  |  | January 15, 2021 |  | $                            | 0.04  |  | (1) |
| February 22, 2021  |  | March 31, 2021     |  | April 16, 2021   |  | $                            | 0.32  |  |     |
| February 22, 2021  |  | March 31, 2021     |  | April 16, 2021   |  | $                            | 0.05  |  | (1) |
| May 3, 2021        |  | June 30, 2021      |  | July 15, 2021    |  | $                            | 0.32  |  |     |
| May 3, 2021        |  | June 30, 2021      |  | July 15, 2021    |  | $                            | 0.04  |  | (1) |
| August 2, 2021     |  | September 30, 2021 |  | October 15, 2021 |  | $                            | 0.32  |  |     |
| August 2, 2021     |  | September 30, 2021 |  | October 15, 2021 |  | $                            | 0.06  |  | (1) |
| November 1, 2021   |  | December 31, 2021  |  | January 14, 2022 |  | $                            | 0.32  |  |     |
| November 1, 2021   |  | December 31, 2021  |  | January 14, 2022 |  | $                            | 0.07  |  | (1) |
| February 18, 2022  |  | March 31, 2022     |  | April 15, 2022   |  | $                            | 0.32  |  |     |
| February 18, 2022  |  | March 31, 2022     |  | April 15, 2022   |  | $                            | 0.08  |  | (1) |

----

|                                                                                                                                            |                                   |               |                |                  |   |               |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|---------------|----------------|------------------|---|---------------|--|--|--|--|--|
|                                                                                                                                       | For the three month periods ended |
|                                                                                                                                       | March 31, 2022                    |               | March 31, 2021 |
| Per Common Share Data:                                                                                                                 |                                   |               |                |
| Net asset value per common share, beginning of period                                                                                      | $                                 | 16.91    |                |                  | $ | 15.39    |  |
| Net investment income (loss) (1)                                                                                                           | 0.47                         |               |                | 0.36        |   |
| Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities | 0.09                         |               |                | 0.29        |   |
| Net increase (decrease) in net assets resulting from operations                                                                            | 0.56                         |               |                | 0.65        |   |
| Dividends declared (2)                                                                                                                     | (0.40)                            |               |                | (0.37)           |   |
| Other                                                                                                                                      | 0.01                         |               |                | —     |   |
| Accretion due to share repurchases                                                                                                         | 0.03                         |               |                | 0.03        |   |
| Net asset value per common share, end of period                                                                                            | $                                 | 17.11    |                |                  | $ | 15.70    |  |
| Market price per common share, end of period                                                                                               | $                                 | 14.39    |                |                  | $ | 13.20    |  |
|                                                                                                                                            |                                   |               |                |
| Number of common shares outstanding, end of period                                                                                         | 52,647,158                   |               |                | 54,809,262  |   |
| Total return based on net asset value (3)                                                                                                  | 3.55                         | %             |                | 4.42        | % |
| Total return based on market price (4)                                                                                                     | 7.72                         | %             |                | 32.26       | % |
| Net assets attributable to Common Stockholders, end of period                                                                              | $                                 | 900,540  |                |                  | $ | 860,520  |  |
| Ratio to average net assets attributable to Common Stockholders(5):                                                                    |                                   |               |                |
| Expenses before incentive fees                                                                                                             | 1.86                         | %             |                | 1.76        | % |
| Expenses after incentive fees                                                                                                              | 2.44                         | %             |                | 2.23        | % |
| Net investment income (loss)                                                                                                               | 2.84                         | %             |                | 2.28        | % |
| Interest expense and credit facility fees                                                                                                  | 0.85                         | %             |                | 0.83        | % |
| Ratios/Supplemental Data:                                                                                                          |                                   |               |                |
| Asset coverage, end of period                                                                                                              | 185.86                       | %             |                | 186.17      | % |
| Portfolio turnover                                                                                                                         | 6.00                         | %             |                | 8.05        | % |
| Weighted-average shares outstanding                                                                                                        | 52,892,054                   |               |                | 55,039,010  |   |

----

|                       |                                   |               |                |  |   |               |  |  |  |  |  |
|-----------------------|-----------------------------------|---------------|----------------|--|---|---------------|--|--|--|--|--|
|                  | For the three month periods ended |
|                  | March 31, 2022                    |               | March 31, 2021 |
| Ordinary income       | $                                 | 21,939   |                |  | $ | 21,177   |  |
| Tax return of capital | $                                 | —  |                |  | $ | —  |  |

----

----

----

----

----

|                                                     |                |                 |                   |            |   |                 |  |  |  |  |  |
|-----------------------------------------------------|----------------|-----------------|-------------------|------------|---|-----------------|--|--|--|--|--|
|                                                     | As of          |
|                                                     | March 31, 2022 |                 | December 31, 2021 |
| Fair value of investments                           | $              | 1,873,183  |                   |            | $ | 1,913,052  |  |
| Count of investments                                | 156       |                 |                   | 154   |   |
| Count of portfolio companies / investment funds | 117       |                 |                   | 117   |   |
| Count of industries                                 | 27        |                 |                   | 27    |   |
|                                                     |                |                 |                   |
| Percentage of total investment fair value:      |                |                 |                   |
|                                                     |                |                 |                   |
|                                                     |                |                 |                   |
| First lien debt                                     | 65.4      | %               |                   | 64.4  | % |
| Second lien debt                                    | 16.2      | %               |                   | 17.9  | % |
| Total secured debt                                  | 81.6      | %               |                   | 82.3  | % |
| Investment Funds                                    | 14.2      | %               |                   | 13.7  | % |
| Equity investments                                  | 4.2       | %               |                   | 4.0   | % |
|                                                     |                |                 |                   |
| Percentage of debt investment fair value:       |                |                 |                   |
| Floating rate (1)                                   | 98.4      | %               |                   | 98.4  | % |
| Fixed interest rate                                 | 1.6       | %               |                   | 1.6   | % |

|                                                                      |                                                            |                 |                |               |   |                 |  |  |  |  |  |
|----------------------------------------------------------------------|------------------------------------------------------------|-----------------|----------------|---------------|---|-----------------|--|--|--|--|--|
|                                                                 | For the three month periods ended |
|                                                                 | March 31, 2022                                             |                 | March 31, 2021 |
| Investments:                                                     |                                                            |                 |                |
| Total investments, beginning of period                               | $                                                          | 1,957,553  |                |               | $ | 1,922,966  |  |
| New investments purchased                                            | 113,966                                               |                 |                | 148,927  |   |
| Net accretion of discount on investments                             | 2,338                                                 |                 |                | 2,026    |   |
| Net realized gain (loss) on investments                              | 5,839                                                 |                 |                | 1,673    |   |
| Investments sold or repaid                                           | (159,443)                                                  |                 |                | (150,601)     |   |
| Total Investments, end of period                                     | $                                                          | 1,920,253  |                |               | $ | 1,924,991  |  |
| Principal amount of investments funded:                          |                                                            |                 |                |
|                                                                      |                                                            |                 |                |
|                                                                      |                                                            |                 |                |
| First Lien Debt                                                      | $                                                          | 110,594    |                |               | $ | 98,408     |  |
| Second Lien Debt                                                     | 249                                                   |                 |                | 52,369   |   |
|                                                                      |                                                            |                 |                |
| Equity Investments                                                   | 820                                                   |                 |                | 645      |   |
|                                                                      |                                                            |                 |                |
| Total                                                                | $                                                          | 111,663    |                |               | $ | 151,422    |  |
| Principal amount of investments sold or repaid:                  |                                                            |                 |                |
|                                                                      |                                                            |                 |                |
|                                                                      |                                                            |                 |                |
| First Lien Debt                                                      | $                                                          | (108,253)       |                |               | $ | (107,073)       |  |
| Second Lien Debt                                                     | (36,325)                                                   |                 |                | (41,531)      |   |
|                                                                      |                                                            |                 |                |
| Equity Investments                                                   | (3)                                                        |                 |                | (446)         |   |
|                                                                      |                                                            |                 |                |
| Total                                                                | $                                                          | (144,581)       |                |               | $ | (149,050)       |  |
| Number of new funded investments                                     | 8                                                     |                 |                | 10       |   |
| Average amount of new funded investments                             | $                                                          | 10,771     |                |               | $ | 12,583     |  |
| Percentage of new funded debt investments at floating interest rates | 100                                                   | %               |                | 100      | % |
| Percentage of new funded debt investments at fixed interest rates    | —                                               | %               |                | —  | % |

----

|                    |                |                 |                   |               |               |                 |                 |  |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|--------------------|----------------|-----------------|-------------------|---------------|---------------|-----------------|-----------------|--|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|               | March 31, 2022 |                 | December 31, 2021 |
|               | AmortizedCost  |                 | Fair Value   |               | AmortizedCost |                 | Fair Value |
|                    |                |                 |                   |               |               |                 |                 |
|                    |                |                 |                   |               |               |                 |                 |
| First Lien Debt    | $              | 1,270,317  |                   |               | $             | 1,224,117  |                 |  | $ | 1,271,794  |  |  | $ | 1,232,084  |  |
| Second Lien Debt   | 306,022   |                 |                   | 304,202  |               |                 | 341,538    |  |   | 341,776    |  |
| Equity Investments | 72,817    |                 |                   | 78,699   |               |                 | 73,125     |  |   | 77,093     |  |
| Investment Funds   | 271,097   |                 |                   | 266,165  |               |                 | 271,096    |  |   | 262,099    |  |
| Total              | $              | 1,920,253  |                   |               | $             | 1,873,183  |                 |  | $ | 1,957,553  |  |  | $ | 1,913,052  |  |

|                                  |                |   |                   |            |               |  |                 |   |  |            |   |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------|----------------|---|-------------------|------------|---------------|--|-----------------|---|--|------------|---|--|--|--|--|--|--|--|--|--|--|--|--|
|                             | March 31, 2022 |   | December 31, 2021 |
|                             | AmortizedCost  |   | Fair Value   |            | AmortizedCost |  | Fair Value |
|                                  |                |   |                   |            |               |  |                 |
|                                  |                |   |                   |            |               |  |                 |
| First Lien Debt                  | 7.35      | % |                   | 7.62  | %             |  | 7.31       | % |  | 7.55  | % |
| Second Lien Debt                 | 9.27      | % |                   | 9.33  | %             |  | 9.04       | % |  | 9.04  | % |
| First and Second Lien Debt Total | 7.72      | % |                   | 7.96  | %             |  | 7.68       | % |  | 7.87  | % |
|                                  |                |   |                   |            |               |  |                 |
|                                  |                |   |                   |            |               |  |                 |

|                 |                 |                 |                   |           |                 |   |              |   |                 |           |  |             |   |  |  |  |  |  |  |  |  |  |  |
|-----------------|-----------------|-----------------|-------------------|-----------|-----------------|---|--------------|---|-----------------|-----------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|
|            | March 31, 2022  |                 | December 31, 2021 |
|            | Fair Value |                 | Percentage        |           | Fair Value |   | Percentage   |
| Performing      | $               | 1,803,226  |                   |           | 96.3       | % |              | $ | 1,836,501  |           |  | 96.0   | % |
| Non-accrual (1) | 69,957     |                 |                   | 3.7  |                 |   | 76,551  |   |                 | 4.0  |  |
| Total           | $               | 1,873,183  |                   |           | 100.0      | % |              | $ | 1,913,052  |           |  | 100.0  | % |

----

|        |              |                                                                                                                                                                                                                                                                                                                                                                                                                  |  |  |  |  |  |  |
|--------|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| Rating |    | Definition                                                                                                                                                                                                                                                                                                                                                                                                       |
| 1      |    | Borrower is operating above expectations, and the trends and risk factors are generally favorable.                                                                                                                                                                                                                                                                                                               |
|        |              |                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 2      |    | Borrower is operating generally as expected or at an acceptable level of performance. The level of risk to our initial cost bases is similar to the risk to our initial cost basis at the time of origination. This is the initial risk rating assigned to all new borrowers.                                                                                                                                    |
|        |              |                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3      |    | Borrower is operating below expectations and level of risk to our cost basis has increased since the time of origination. The borrower may be out of compliance with debt covenants. Payments are generally current although there may be higher risk of payment default.                                                                                                                                        |
|        |              |
| 4      |    | Borrower is operating materially below expectations and the loan’s risk has increased materially since origination. In addition to the borrower being generally out of compliance with debt covenants, loan payments may be past due, but generally not by more than 120 days. It is anticipated that we may not recoup our initial cost basis and may realize a loss of our initial cost basis upon exit. |
|        |              |
| 5      |    | Borrower is operating substantially below expectations and the loan’s risk has increased substantially since origination. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. It is anticipated that we will not recoup our initial cost basis and may realize a substantial loss of our initial cost basis upon exit.                                      |

|                              |                 |               |                   |            |                 |   |                 |   |               |            |  |             |   |  |  |  |  |  |  |  |  |  |  |
|------------------------------|-----------------|---------------|-------------------|------------|-----------------|---|-----------------|---|---------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|
|                         | March 31, 2022  |               | December 31, 2021 |
|                         | Fair Value |               | % of Fair Value   |            | Fair Value |   | % of Fair Value |
| (dollar amounts in millions) |            |               |              |            |            |   |            |
| Internal Risk Rating 1       | $               | 16.9     |                   |            | 1.1        | % |                 | $ | 3.8      |            |  | 0.2    | % |
| Internal Risk Rating 2       | 1,152.0    |               |                   | 75.4  |                 |   | 1,205.5    |   |               | 76.6  |  |
| Internal Risk Rating 3       | 290.3      |               |                   | 19.0  |                 |   | 299.5      |   |               | 19.0  |  |
| Internal Risk Rating 4       | 28.0       |               |                   | 1.8   |                 |   | 27.6       |   |               | 1.8   |  |
| Internal Risk Rating 5       | 41.1       |               |                   | 2.7   |                 |   | 37.5       |   |               | 2.4   |  |
| Total                        | $               | 1,528.3  |                   |            | 100.0      | % |                 | $ | 1,573.9  |            |  | 100.0  | % |
|                              |                 |               |                   |            |                 |   |                 |

----

|                         |                                                            |              |                |             |   |              |  |  |  |  |  |  |  |  |  |
|-------------------------|------------------------------------------------------------|--------------|----------------|-------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                    | For the three month periods ended |              |                |
|                    | March 31, 2022                                             |              | March 31, 2021 |             |   |              |  |
| Investment income       |                                                            |              |                |             |   |              |  |
| First Lien Debt         | $                                                          | 31,833  |                |             | $ | 25,584  |  |  |  |  |  |
| Second Lien Debt        | 7,865                                                 |              |                | 6,700  |   |              |  |  |  |
| Equity Investments      | 287                                                   |              |                | 1,036  |   |              |  |  |  |
| Investment Funds        | 7,524                                                 |              |                | 7,528  |   |              |  |  |  |
|                         |                                                            |              |                |             |   |              |  |
| Total investment income | $                                                          | 47,509  |                |             | $ | 40,848  |  |  |  |  |  |

|                                             |                                                            |              |                |          |   |              |  |  |  |  |  |  |  |  |  |
|---------------------------------------------|------------------------------------------------------------|--------------|----------------|----------|---|--------------|--|--|--|--|--|--|--|--|--|
|                                        | For the three month periods ended |              |                |
|                                        | March 31, 2022                                             |              | March 31, 2021 |          |   |              |  |
| Total investment income                     | $                                                          | 47,509  |                |          | $ | 40,848  |  |  |  |  |  |
| Net expenses (including excise tax expense) | (21,990)                                                   |              |                | (20,169) |   |              |  |  |  |
| Net investment income (loss)                | $                                                          | 25,519  |                |          | $ | 20,679  |  |  |  |  |  |

----

|                                    |                                                            |              |                |             |   |              |  |  |  |  |  |  |  |  |  |
|------------------------------------|------------------------------------------------------------|--------------|----------------|-------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                               | For the three month periods ended |              |                |
|                               | March 31, 2022                                             |              | March 31, 2021 |             |   |              |  |
| Base management fees               | $                                                          | 7,050   |                |             | $ | 6,800   |  |  |  |  |  |
| Incentive fees                     | 5,228                                                 |              |                | 4,257  |   |              |  |  |  |
| Professional fees                  | 783                                                   |              |                | 691    |   |              |  |  |  |
| Administrative service fees        | 406                                                   |              |                | 282    |   |              |  |  |  |
| Interest expense                   | 7,099                                                 |              |                | 6,975  |   |              |  |  |  |
| Credit facility fees               | 517                                                   |              |                | 519    |   |              |  |  |  |
| Directors’ fees and expenses | 160                                                   |              |                | 116    |   |              |  |  |  |
| Other general and administrative   | 394                                                   |              |                | 405    |   |              |  |  |  |
| Excise tax expense                 | 353                                                   |              |                | 124    |   |              |  |  |  |
| Expenses                           | $                                                          | 21,990  |                |             | $ | 20,169  |  |  |  |  |  |

|                                                 |                                   |               |                |               |   |               |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------|-----------------------------------|---------------|----------------|---------------|---|---------------|--|--|--|--|--|--|--|--|--|
|                                            | For the three month periods ended |               |                |
|                                            | March 31, 2022                    |               | March 31, 2021 |               |   |               |  |
| Interest expense                                | $                                 | 7,099    |                |               | $ | 6,975    |  |  |  |  |  |
| Facility unused commitment fee                  | 333                          |               |                | 328      |   |               |  |  |  |
| Amortization of deferred financing costs        | 184                          |               |                | 191      |   |               |  |  |  |
| Other fees                                      | —                      |               |                | —  |   |               |  |  |  |
| Total interest expense and credit facility fees | $                                 | 7,616    |                |               | $ | 7,494    |  |  |  |  |  |
| Cash paid for interest expense                  | $                                 | 7,106    |                |               | $ | 6,915    |  |  |  |  |  |
|                                                 |                                   |               |                |               |   |               |  |
| Average principal debt outstanding              | $                                 | 987,652  |                |               | $ | 979,557  |  |  |  |  |  |
| Weighted average interest rate                  | 2.88                         | %             |                | 2.85     | % |               |  |  |  |

|                                                           |                                   |              |                |               |   |              |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-----------------------------------|--------------|----------------|---------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                                                           | For the three month periods ended |              |                |
|                                                           | March 31, 2022                    |              | March 31, 2021 |               |   |              |  |
| Base management fees                                      | $                                 | 7,050   |                |               | $ | 6,800   |  |  |  |  |  |
| Incentive fees on pre-incentive fee net investment income | 5,228                        |              |                | 4,257    |   |              |  |  |  |
| Realized capital gains incentive fees                     | —                      |              |                | —  |   |              |  |  |  |
| Accrued capital gains incentive fees                      | —                      |              |                | —  |   |              |  |  |  |
| Total capital gains incentive fees                        | —                      |              |                | —  |   |              |  |  |  |
| Total incentive fees                                      | 5,228                        |              |                | 4,257    |   |              |  |  |  |
| Total base management fees and incentive fees             | $                                 | 12,278  |                |               | $ | 11,057  |  |  |  |  |  |

----

|                                                                                                  |                                                            |             |                |              |   |              |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------|------------------------------------------------------------|-------------|----------------|--------------|---|--------------|--|--|--|--|--|--|--|--|--|
|                                                                                             | For the three month periods ended |             |                |
|                                                                                             | March 31, 2022                                             |             | March 31, 2021 |              |   |              |  |
| Net realized gain (loss) on investments                                                          | $                                                          | 5,839  |                |              | $ | 1,673   |  |  |  |  |  |
| Net change in unrealized appreciation (depreciation) on investments                              | (2,572)                                                    |             |                | 13,859  |   |              |  |  |  |
| Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments | $                                                          | 3,267  |                |              | $ | 15,532  |  |  |  |  |  |

|                    |                                   |             |                                                      |             |                               |         |                                                      |  |   |             |  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|-----------------------------------|-------------|------------------------------------------------------|-------------|-------------------------------|---------|------------------------------------------------------|--|---|-------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|               | For the three month periods ended |             |                                                      |
|               | March 31, 2022                    |             | March 31, 2021                                       |             |                               |         |                                                      |
| Type               | Net realized gain (loss)     |             | Net change in unrealized appreciation (depreciation) |             | Net realized gain (loss) |         | Net change in unrealized appreciation (depreciation) |  |   |             |  |  |   |              |  |
| First Lien Debt    | $                                 | 3,455  |                                                      |             | $                             | (6,491) |                                                      |  | $ | 992    |  |  | $ | 10,550  |  |  |  |  |  |  |  |  |  |
| Second Lien Debt   | —                      |             |                                                      | (2,058)     |                               |         | —                                         |  |   | 4,713  |  |  |   |              |  |  |  |  |  |
| Equity Investments | 2,384                        |             |                                                      | 1,914  |                               |         | 681                                             |  |   | 1,254  |  |  |   |              |  |  |  |  |  |
| Investment Funds   | —                      |             |                                                      | 4,063  |                               |         | —                                         |  |   | (2,691)     |  |  |   |              |  |  |  |  |  |
| Total              | $                                 | 5,839  |                                                      |             | $                             | (2,572) |                                                      |  | $ | 1,673  |  |  | $ | 13,826  |  |  |  |  |  |  |  |  |  |

----

----

|                                                                                    |  |                |               |                   |               |   |               |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--|----------------|---------------|-------------------|---------------|---|---------------|--|--|--|--|--|--|--|
|                                                                                    |  | March 31, 2022 |               | December 31, 2021 |
|                                                                               |  | (unaudited)    |               |              |
| Selected Consolidated Balance Sheet Information                                    |  |                |               |                   |
| ASSETS                                                                             |  |                |               |                   |
| Investments, at fair value (amortized cost of $920,819 and $940,092, respectively) |  | $              | 897,817  |                   |               | $ | 926,959  |  |
| Cash, cash equivalents and restricted cash (1)                                     |  | 20,268    |               |                   | 54,041   |   |
| Other assets                                                                       |  | 8,264     |               |                   | 7,698    |   |
| Total assets                                                                       |  | $              | 926,349  |                   |               | $ | 988,698  |  |
| LIABILITIES AND MEMBERS’ EQUITY                                              |  |                |               |                   |
| Secured borrowings                                                                 |  | $              | 554,329  |                   |               | $ | 600,651  |  |
| Notes payable, net of unamortized debt issuance costs of $0 and $, respectively    |  | —   |               |                   | —  |   |
|                                                                                    |  |                |               |                   |
|                                                                                    |  |                |               |                   |
| Other liabilities                                                                  |  | 13,534    |               |                   | 19,828   |   |
| Subordinated loans and members’ equity (2)                                   |  | 358,486   |               |                   | 368,219  |   |
| Liabilities and members’ equity                                              |  | $              | 926,349  |                   |               | $ | 988,698  |  |

|                                                                     |  |  |  |                                   |  |                |              |                |              |   |              |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--|--|-----------------------------------|--|----------------|--------------|----------------|--------------|---|--------------|--|--|--|--|--|--|--|
|                                                                     |  |  |  | For the three month periods ended |
|                                                                |  |  |  |                                   |  | March 31, 2022 |              | March 31, 2021 |
|                                                                |  |  |  | (unaudited)                       |
| Selected Consolidated Statement of Operations Information:      |  |  |  |                                   |  |                |              |                |
| Total investment income                                             |  |  |  |                                   |  | $              | 14,679  |                |              | $ | 16,105  |  |
| Expenses                                                            |  |  |  |                                   |  |                |              |                |
| Interest and credit facility expenses                               |  |  |  |                                   |  | 4,046     |              |                | 5,415   |   |
| Other expenses                                                      |  |  |  |                                   |  | 497       |              |                | 468     |   |
| Total expenses                                                      |  |  |  |                                   |  | 4,543     |              |                | 5,883   |   |
| Net investment income (loss)                                        |  |  |  |                                   |  | 10,136    |              |                | 10,222  |   |
| Net realized gain (loss) on investments                             |  |  |  |                                   |  | —   |              |                | (1,578)      |   |
| Net change in unrealized appreciation (depreciation) on investments |  |  |  |                                   |  | (9,869)        |              |                | 13,498  |   |
| Net increase (decrease) resulting from operations                   |  |  |  |                                   |  | $              | 267     |                |              | $ | 22,142  |  |

----

|                                                                             |                |               |                   |               |   |               |  |  |  |  |  |
|-----------------------------------------------------------------------------|----------------|---------------|-------------------|---------------|---|---------------|--|--|--|--|--|
|                                                                             | As of          |
|                                                                             | March 31, 2022 |               | December 31, 2021 |
| Senior secured loans (1)                                                    | $              | 923,100  |                   |               | $ | 942,930  |  |
| Weighted average yields of senior secured loans based on amortized cost (2) | 6.13      | %             |                   | 6.04     | % |
| Weighted average yields of senior secured loans based on fair value (2)     | 6.25      | %             |                   | 6.09     | % |
| Number of portfolio companies in Credit Fund                                | 44        |               |                   | 45       |   |
| Average amount per portfolio company (1)                                    | $              | 20,980   |                   |               | $ | 20,954   |  |
| Number of loans on non-accrual status                                       | —   |               |                   | —  |   |
| Fair value of loans on non-accrual status                                   | $              | —  |                   |               | $ | —  |  |
| Percentage of portfolio at floating interest rates (3)(4)                   | 100.0     | %             |                   | 100.0    | % |
| Percentage of portfolio at fixed interest rates (4)                         | —   | %             |                   | —  | % |
| Fair value of loans with PIK provisions                                     | $              | 4,576    |                   |               | $ | —  |  |
| Percentage of portfolio with PIK provisions (4)                             | 0.5       | %             |                   | —  | % |

----

|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |  |                                 |              |                    |              |                |              |              |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|--------|--|--------------|--|---------------------------------------------------|--|--------------------------------------|--|-------------------|--|--------------------|--|---------------------------------|--------------|--------------------|--------------|----------------|--------------|--------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |        |  | Footnotes    |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  |  Par/ Principal Amount |              | Amortized Cost (4) |              | Fair Value (5) |
| First Lien Debt (100.0% of fair value)                    |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |  |
| ACR Group Borrower, LLC                                   | ^+ |  | (2)(3)(6)    |  | Aerospace & Defense                           |  | L + 4.25%                            |  | 5.25%             |  | 3/31/2028  |  | $                               | 36,070  |                    |              | $              | 35,529  |              |  | $ | 36,070  |  |
| Acrisure, LLC                                             | +#     |  | (2)(3)       |  | Banking, Finance, Insurance & Real Estate     |  | L + 3.50%                            |  | 3.72%             |  | 2/13/2027  |  | 25,311                     |              |                    | 25,289  |                |              | 24,884  |  |
| Acrisure, LLC                                             | +      |  | (2)(3)       |  | Banking, Finance, Insurance & Real Estate     |  | L + 4.25%                            |  | 4.75%             |  | 2/13/2027  |  | 6,683                      |              |                    | 6,636   |                |              | 6,646   |  |
| Analogic Corporation                                      | ^+ |  | (2)(3)(6)    |  | Capital Equipment                                 |  | L + 5.25%                            |  | 6.25%             |  | 6/22/2024  |  | 20,030                     |              |                    | 20,017  |                |              | 19,626  |  |
| Anchor Packaging, Inc.                                    | +#     |  | (2)(3)       |  | Containers, Packaging & Glass                 |  | L + 4.00%                            |  | 4.10%             |  | 7/18/2026  |  | 24,409                     |              |                    | 24,327  |                |              | 24,167  |  |
| API Technologies Corp.                                    | +#     |  | (2)(3)       |  | Aerospace & Defense                           |  | L + 4.25%                            |  | 4.35%             |  | 5/9/2026   |  | 14,588                     |              |                    | 14,540  |                |              | 14,262  |  |
| Aptean, Inc.                                              | +#     |  | (2)(3)       |  | Software                                          |  | L + 4.25%                            |  | 4.35%             |  | 4/23/2026  |  | 12,125                     |              |                    | 12,084  |                |              | 12,051  |  |
| Avalign Technologies, Inc.                                | +#     |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 4.50%                            |  | 4.63%             |  | 12/22/2025 |  | 14,406                     |              |                    | 14,322  |                |              | 13,938  |  |
| BMS Holdings III Corp.                                    | +      |  | (2)(3)       |  | Construction & Building                       |  | L + 5.50%                            |  | 6.50%             |  | 9/30/2026  |  | 11,216                     |              |                    | 11,119  |                |              | 11,054  |  |
| Chartis Holding, LLC                                      | ^+ |  | (2)(3)(6)    |  | Business Services                                 |  | L + 5.50%                            |  | 6.50%             |  | 5/1/2025   |  | 6,946                      |              |                    | 6,946   |                |              | 6,917   |  |
| Chemical Computing Group ULC (Canada)                     | ^+ |  | (2)(3)(6)    |  | Software                                          |  | L + 4.50%                            |  | 5.50%             |  | 8/30/2024  |  | 13,876                     |              |                    | 13,507  |                |              | 13,713  |  |
| Chudy Group, LLC                                          | ^+ |  | (2)(3)(6)    |  | Healthcare & Pharmaceuticals                  |  | L + 5.75%                            |  | 6.75%             |  | 6/30/2027  |  | 32,938                     |              |                    | 32,405  |                |              | 33,098  |  |
| Diligent Corporation                                      | ^+ |  | (2)(3)(6)    |  | Telecommunications                                |  | L + 6.25%                            |  | 7.25%             |  | 8/4/2025   |  | 9,743                      |              |                    | 9,537   |                |              | 9,705   |  |
| Divisions Holding Corporation                             | +#     |  | (2)(3)       |  | Business Services                                 |  | L + 4.75%                            |  | 5.50%             |  | 5/27/2028  |  | 24,875                     |              |                    | 24,651  |                |              | 24,676  |  |
| DTI Holdco, Inc.                                          | +      |  | (2)(3)       |  | High Tech Industries                              |  | L + 4.75%                            |  | 5.75%             |  | 9/30/2023  |  | 18,446                     |              |                    | 18,400  |                |              | 18,130  |  |
| Eliassen Group, LLC                                       | +      |  | (2)(3)       |  | Business Services                                 |  | L + 5.25%                            |  | 5.35%             |  | 11/5/2024  |  | 15,140                     |              |                    | 15,089  |                |              | 15,117  |  |
| EPS Nass Parent, Inc.                                     | ^+ |  | (2)(3)(6)    |  | Utilities: Electric                           |  | L + 5.75%                            |  | 6.75%             |  | 4/19/2028  |  | 32,955                     |              |                    | 32,304  |                |              | 32,482  |  |
| EvolveIP, LLC                                             | ^+ |  | (2)(3)(6)(7) |  | Telecommunications                                |  | SOFR + 5.50%                         |  | 6.50%             |  | 6/7/2025   |  | 40,094                     |              |                    | 40,036  |                |              | 39,994  |  |
| Exactech, Inc.                                            | +#     |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 3.75%                            |  | 4.75%             |  | 2/14/2025  |  | 21,251                     |              |                    | 21,171  |                |              | 20,312  |  |
| Excel Fitness Holdings, Inc.                              | +#     |  | (2)(3)       |  | Hotel, Gaming & Leisure                       |  | L + 5.25%                            |  | 6.25%             |  | 10/7/2025  |  | 24,437                     |              |                    | 24,283  |                |              | 23,989  |  |
| Frontline Technologies Holdings, LLC                      | +      |  | (2)(3)       |  | Software                                          |  | L + 5.25%                            |  | 6.25%             |  | 9/18/2023  |  | 14,698                     |              |                    | 14,288  |                |              | 14,683  |  |
| GSM Acquisition Corp.                                     | ^+ |  | (2)(3)(6)(7) |  | Hotel, Gaming & Leisure                       |  | SOFR + 5.00%                         |  | 6.00%             |  | 11/16/2026 |  | 26,868                     |              |                    | 26,579  |                |              | 26,542  |  |
| Heartland Home Services, Inc                              | +      |  | (2)(3)(6)    |  | Consumer Services                                 |  | L + 6.00%                            |  | 7.00%             |  | 12/15/2026 |  | 17,651                     |              |                    | 17,651  |                |              | 17,619  |  |
| HMT Holding Inc.                                          | ^+ |  | (2)(3)(6)(7) |  | Energy: Oil & Gas                         |  | SOFR + 6.25%                         |  | 7.25%             |  | 11/17/2025 |  | 32,400                     |              |                    | 32,191  |                |              | 30,097  |  |
| Integrity Marketing Acquisition, LLC                      | ^+ |  | (2)(3)(6)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.50%                            |  | 6.25%             |  | 8/27/2025  |  | 32,772                     |              |                    | 32,269  |                |              | 31,647  |  |
| Jensen Hughes, Inc.                                       | ^+ |  | (2)(3)(6)    |  | Utilities: Electric                           |  | L + 4.50%                            |  | 5.50%             |  | 3/22/2024  |  | 34,305                     |              |                    | 34,264  |                |              | 33,375  |  |
| K2 Insurance Services, LLC                                | ^+ |  | (2)(3)(6)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.00%                            |  | 6.00%             |  | 7/1/2026   |  | 12,896                     |              |                    | 12,896  |                |              | 12,880  |  |
| KAMC Holdings, Inc.                                       | +#     |  | (2)(3)       |  | Energy: Electricity                           |  | L + 4.00%                            |  | 4.18%             |  | 8/14/2026  |  | 13,650                     |              |                    | 13,605  |                |              | 11,511  |  |
| KBP Investments, LLC                                      | +      |  | (2)(3)(6)    |  | Beverage, Food & Tobacco                      |  | L + 5.00%                            |  | 5.75%             |  | 5/25/2027  |  | 36,934                     |              |                    | 36,594  |                |              | 35,307  |  |
| Odyssey Logistics & Technology Corp.                  | +#     |  | (2)(3)       |  | Transportation: Cargo                         |  | L + 4.00%                            |  | 5.00%             |  | 10/12/2024 |  | 9,580                      |              |                    | 9,557   |                |              | 9,382   |  |
| Output Services Group                                     | ^+ |  | (2)(3)       |  | Media: Advertising, Printing & Publishing |  | L + 4.50%                            |  | 5.50%             |  | 3/27/2024  |  | 19,172                     |              |                    | 19,146  |                |              | 14,666  |  |
| Premise Health Holding Corp.                              | +#     |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 3.50%                            |  | 3.72%             |  | 7/10/2025  |  | 13,411                     |              |                    | 13,377  |                |              | 13,369  |  |
| Q Holding Company                                         | +#     |  | (2)(3)       |  | Automotive                                        |  | L + 5.00%                            |  | 6.00%             |  | 12/31/2023 |  | 21,460                     |              |                    | 21,377  |                |              | 20,589  |  |
| QW Holding Corporation                                    | ^+ |  | (2)(3)(6)    |  | Environmental Industries                          |  | L + 5.75%                            |  | 6.75%             |  | 8/31/2026  |  | 15,184                     |              |                    | 14,984  |                |              | 14,923  |  |

----

|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |              |               |               |               |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|--------|--|--------------|--|---------------------------------------------------|--|--------------------------------------|--|-------------------|--|--------------------|---|---------------------------------|--------------|--------------------|---------------|----------------|--------------|---------------|---------------|---------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |        |  | Footnotes    |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |   |  Par/ Principal Amount |              | Amortized Cost (4) |               | Fair Value (5) |
| Radiology Partners, Inc.                                  | +#     |  | (2)(3)       |  | Healthcare & Pharmaceuticals                  |  | L + 4.25%                            |  | 4.36%             |  | 7/9/2025   |   | $                               | 27,686  |                    |               | $              | 27,608  |               |               | $             | 27,291  |  |
| RevSpring Inc.                                            | +#     |  | (2)(3)       |  | Media: Advertising, Printing & Publishing |  | L + 4.25%                            |  | 4.47%             |  | 10/11/2025 |   | 29,074                     |              |                    | 28,936   |                |              | 28,529   |               |
| Striper Buyer, LLC                                        | +      |  | (2)(3)       |  | Containers, Packaging & Glass                 |  | L + 5.50%                            |  | 6.25%             |  | 12/30/2026 |   | 14,812                     |              |                    | 14,688   |                |              | 14,813   |               |
| Turbo Buyer, Inc.                                         | +      |  | (2)(3)(6)    |  | Automotive                                        |  | L + 6.00%                            |  | 7.00%             |  | 12/2/2025  |   | 13,924                     |              |                    | 13,924   |                |              | 13,696   |               |
| U.S. TelePacific Holdings Corp.                           | +      |  | (2)(3)(7)    |  | Telecommunications                                |  | SOFR + 8.25% (1.00%, 7.25% PIK)      |  | 9.25%             |  | 5/2/2026   |   | 6,660                      |              |                    | 6,646    |                |              | 4,576    |               |
| USALCO, LLC                                               | +      |  | (2)(3)       |  | Chemicals, Plastics & Rubber                  |  | L + 6.00%                            |  | 7.00%             |  | 10/19/2027 |   | 14,958                     |              |                    | 14,678   |                |              | 14,505   |               |
| VRC Companies, LLC                                        | ^+ |  | (2)(3)(6)    |  | Business Services                                 |  | L + 5.50%                            |  | 6.25%             |  | 6/29/2027  |   | 26,608                     |              |                    | 26,208   |                |              | 26,155   |               |
| Welocalize, Inc.                                          | ^+ |  | (2)(3)(6)    |  | Business Services                                 |  | L + 4.75%                            |  | 5.75%             |  | 12/23/2024 |   | 34,115                     |              |                    | 33,801   |                |              | 33,387   |               |
| WRE Holding Corp.                                         | ^+ |  | (2)(3)(6)(7) |  | Environmental Industries                          |  | SOFR + 5.25%                         |  | 6.25%             |  | 1/3/2025   |   | 8,943                      |              |                    | 8,931    |                |              | 8,817    |               |
| Yellowstone Buyer Acquisition, LLC                        | +      |  | (2)(3)       |  | Consumer Goods: Durable                       |  | L + 5.75%                            |  | 6.75%             |  | 9/13/2027  |   | 39,800                     |              |                    | 39,065   |                |              | 38,627   |               |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
| First Lien Debt Total                                     |        |  |              |  |                                                   |  |                                      |  |                   |  |                    | $ | 915,455                    |              |                    | $             | 897,817   |              |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |                    |               |                |
|                                                           |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              |
| Equity Investments (0.0% of fair value)                   |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |
| DBI Holding, LLC                                          | ^  |  |              |  | Transportation: Cargo                         |  |                                      |  |                   |  |                    |   | 2,961                      |              |                    | $             | —   |              |               | $             | —  |              |
| DBI Holding, LLC                                          | ^  |  |              |  | Transportation: Cargo                         |  |                                      |  |                   |  |                    |   | 13,996                     |              |                    | 5,364    |                |              | —  |               |
| Equity Investments Total                                  |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 | $            | 5,364         |               |                | $            | —  |               |
| Total Investments                                         |        |  |              |  |                                                   |  |                                      |  |                   |  |                    |   |                                 |              | $                  | 920,819  |                |              | $             | 897,817  |               |

----

|                                                                                    |              |  |            |  |                           |              |                 |          |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------|--------------|--|------------|--|---------------------------|--------------|-----------------|----------|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| First Lien Debt – unfunded delayed draw and revolving term loans commitments | Type         |  | Unused Fee |  | Par/ Principal Amount |              | Fair Value |
| ACR Group Borrower, LLC                                                            | Revolver     |  | 0.40%      |  | $                         | 5,670   |                 |          | $ | —  |  |
| Analogic Corporation                                                               | Revolver     |  | 0.50       |  | 564                  |              |                 | (11)     |   |
| Chartis Holding, LLC                                                               | Revolver     |  | 0.50       |  | 2,183                |              |                 | (7)      |   |
| Chemical Computing Group ULC (Canada)                                              | Revolver     |  | 0.50       |  | 873                  |              |                 | (10)     |   |
| Chudy Group, LLC                                                                   | Delayed Draw |  | 1.00       |  | 5,517                |              |                 | 22  |   |
| Chudy Group, LLC                                                                   | Revolver     |  | 0.50       |  | 1,379                |              |                 | 6   |   |
| Diligent Corporation                                                               | Revolver     |  | 0.50       |  | 703                  |              |                 | (3)      |   |
| EPS Nass Parent, Inc.                                                              | Delayed Draw |  | 1.00       |  | 3,136                |              |                 | (40)     |   |
| EPS Nass Parent, Inc.                                                              | Revolver     |  | 0.50       |  | 753                  |              |                 | (10)     |   |
| EvolveIP, LLC                                                                      | Revolver     |  | 0.50       |  | 3,361                |              |                 | (8)      |   |
| GSM Acquisition Corp.                                                              | Delayed Draw |  | 1.00       |  | 4,313                |              |                 | (45)     |   |
| Heartland Home Services, Inc                                                       | Revolver     |  | 0.50       |  | 713                  |              |                 | (1)      |   |
| HMT Holding Inc.                                                                   | Revolver     |  | 0.50       |  | 6,173                |              |                 | (369)    |   |
| Integrity Marketing Acquisition, LLC                                               | Delayed Draw |  | 1.00       |  | 4,453                |              |                 | (113)    |   |
| Integrity Marketing Acquisition, LLC                                               | Delayed Draw |  | 1.00       |  | 7,000                |              |                 | (178)    |   |
| Jensen Hughes, Inc.                                                                | Revolver     |  | 0.50       |  | 2,000                |              |                 | (51)     |   |
| K2 Insurance Services, LLC                                                         | Revolver     |  | 0.50       |  | 1,170                |              |                 | (1)      |   |
| KBP Investments, LLC                                                               | Delayed Draw |  | 1.00       |  | 2,415                |              |                 | (99)     |   |
| KBP Investments, LLC                                                               | Delayed Draw |  | 1.00       |  | 503                  |              |                 | (21)     |   |
| QW Holding Corporation                                                             | Delayed Draw |  | 1.00       |  | 9,338                |              |                 | (90)     |   |
| QW Holding Corporation                                                             | Revolver     |  | 0.50       |  | 2,694                |              |                 | (26)     |   |
| Turbo Buyer, Inc.                                                                  | Revolver     |  | 0.50       |  | 933                  |              |                 | (14)     |   |
| VRC Companies, LLC                                                                 | Delayed Draw |  | 0.80       |  | 2,450                |              |                 | (37)     |   |
| VRC Companies, LLC                                                                 | Revolver     |  | 0.50       |  | 750                  |              |                 | (11)     |   |
| Welocalize, Inc.                                                                   | Revolver     |  | 0.50       |  | 2,250                |              |                 | (41)     |   |
| Welocalize, Inc.                                                                   | Revolver     |  | 0.50       |  | 3,375                |              |                 | (62)     |   |
| WRE Holding Corp.                                                                  | Revolver     |  | 0.50       |  | 399                  |              |                 | (5)      |   |
| Total unfunded commitments                                                         |              |  |            |  | $                         | 75,068  |                 |          | $ | (1,225)       |  |

----

|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |  |                           |              |                    |              |                |              |              |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--------|--|-----------|--|---------------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|--|---------------------------|--------------|--------------------|--------------|----------------|--------------|--------------|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                              |        |  | Footnotes |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |              | Amortized Cost (4) |              | Fair Value (5) |
| First Lien Debt (97.5% of fair value)                        |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |  |                           |              |
| ACR Group Borrower, LLC                                      | ^+ |  | (2)(3)(6) |  | Aerospace & Defense                           |  | L + 4.25%                       |  | 5.50%             |  | 3/31/2028  |  | $                         | 34,477  |                    |              | $              | 33,913  |              |  | $ | 34,477  |  |
| Acrisure, LLC                                                | +#     |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 3.50%                       |  | 3.78%             |  | 2/13/2027  |  | 25,376               |              |                    | 25,353  |                |              | 25,203  |  |
| Acrisure, LLC                                                | +      |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate     |  | L + 4.25%                       |  | 4.75%             |  | 2/13/2027  |  | 6,700                |              |                    | 6,650   |                |              | 6,687   |  |
| Analogic Corporation                                         | ^+ |  | (2)(3)(6) |  | Capital Equipment                                 |  | L + 5.25%                       |  | 6.25%             |  | 6/22/2024  |  | 19,796               |              |                    | 19,781  |                |              | 19,587  |  |
| Anchor Packaging, Inc.                                       | +#     |  | (2)(3)    |  | Containers, Packaging & Glass                 |  | L + 4.00%                       |  | 4.10%             |  | 7/18/2026  |  | 24,472               |              |                    | 24,385  |                |              | 24,215  |  |
| API Technologies Corp.                                       | +#     |  | (2)(3)    |  | Aerospace & Defense                           |  | L + 4.25%                       |  | 4.35%             |  | 5/9/2026   |  | 14,625               |              |                    | 14,575  |                |              | 14,251  |  |
| Aptean, Inc.                                                 | +#     |  | (2)(3)    |  | Software                                          |  | L + 4.25%                       |  | 4.35%             |  | 4/23/2026  |  | 12,157               |              |                    | 12,113  |                |              | 12,087  |  |
| Avalign Technologies, Inc.                                   | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 4.50%                       |  | 4.63%             |  | 12/22/2025 |  | 14,443               |              |                    | 14,354  |                |              | 14,320  |  |
| Avenu Holdings, LLC                                          | +      |  | (2)(3)    |  | Sovereign & Public Finance                    |  | L + 5.25%                       |  | 6.25%             |  | 9/28/2024  |  | 23,350               |              |                    | 23,350  |                |              | 23,350  |  |
| BMS Holdings III Corp.                                       | +      |  | (2)(3)    |  | Construction & Building                       |  | L + 5.50%                       |  | 6.50%             |  | 9/30/2026  |  | 11,244               |              |                    | 11,143  |                |              | 11,071  |  |
| Chartis Holding, LLC                                         | +      |  | (2)(3)(6) |  | Business Services                                 |  | L + 5.50%                       |  | 6.50%             |  | 5/1/2025   |  | 6,964                |              |                    | 6,964   |                |              | 6,964   |  |
| Chemical Computing Group ULC (Canada)                        | ^+ |  | (2)(3)(6) |  | Software                                          |  | L + 4.50%                       |  | 5.50%             |  | 8/30/2024  |  | 13,912               |              |                    | 13,480  |                |              | 13,845  |  |
| Chudy Group, LLC                                             | ^+ |  | (2)(3)(6) |  | Healthcare & Pharmaceuticals                  |  | L + 5.75%                       |  | 6.75%             |  | 6/30/2027  |  | 33,021               |              |                    | 32,465  |                |              | 33,657  |  |
| Diligent Corporation                                         | ^+ |  | (2)(3)(6) |  | Telecommunications                                |  | L + 6.25%                       |  | 7.25%             |  | 8/4/2025   |  | 9,049                |              |                    | 8,816   |                |              | 9,228   |  |
| Divisions Holding Corporation                                | +#     |  | (2)(3)    |  | Business Services                                 |  | L + 4.75%                       |  | 5.50%             |  | 5/27/2028  |  | 24,938               |              |                    | 24,706  |                |              | 24,953  |  |
| DTI Holdco, Inc.                                             | +      |  | (2)(3)    |  | High Tech Industries                              |  | L + 4.75%                       |  | 5.75%             |  | 9/30/2023  |  | 18,495               |              |                    | 18,442  |                |              | 18,237  |  |
| Eliassen Group, LLC                                          | +      |  | (2)(3)    |  | Business Services                                 |  | L + 4.50%                       |  | 4.60%             |  | 11/5/2024  |  | 15,159               |              |                    | 15,103  |                |              | 15,152  |  |
| EPS Nass Parent, Inc.                                        | ^+ |  | (2)(3)(6) |  | Utilities: Electric                           |  | L + 5.75%                       |  | 6.75%             |  | 4/19/2028  |  | 32,846               |              |                    | 32,169  |                |              | 32,507  |  |
| EvolveIP, LLC                                                | ^+ |  | (2)(3)(6) |  | Telecommunications                                |  | L + 5.50%                       |  | 6.50%             |  | 6/7/2025   |  | 40,196               |              |                    | 40,126  |                |              | 39,973  |  |
| Exactech, Inc.                                               | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 3.75%                       |  | 4.75%             |  | 2/14/2025  |  | 21,307               |              |                    | 21,221  |                |              | 21,073  |  |
| Excel Fitness Holdings, Inc.                                 | +#     |  | (2)(3)    |  | Hotel, Gaming & Leisure                       |  | L + 5.25%                       |  | 6.25%             |  | 10/7/2025  |  | 24,500               |              |                    | 24,336  |                |              | 24,500  |  |
| Frontline Technologies Holdings, LLC                         | +      |  | (2)(3)    |  | Software                                          |  | L + 5.25%                       |  | 6.25%             |  | 9/18/2023  |  | 14,736               |              |                    | 14,269  |                |              | 14,736  |  |
| GSM Acquisition Corp.                                        | ^+ |  | (2)(3)(6) |  | Hotel, Gaming & Leisure                       |  | L + 5.00%                       |  | 6.00%             |  | 11/16/2026 |  | 25,623               |              |                    | 25,331  |                |              | 25,396  |  |
| Heartland Home Services, Inc                                 | +      |  | (2)(3)(6) |  | Consumer Services                                 |  | L + 6.00%                       |  | 7.00%             |  | 12/15/2026 |  | 17,664               |              |                    | 17,664  |                |              | 17,735  |  |
| HMT Holding Inc.                                             | ^+ |  | (2)(3)(6) |  | Energy: Oil & Gas                         |  | L + 5.75%                       |  | 6.75%             |  | 11/17/2023 |  | 32,484               |              |                    | 32,245  |                |              | 31,086  |  |
| Integrity Marketing Acquisition, LLC                         | ^+ |  | (2)(3)(6) |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.50%                       |  | 6.25%             |  | 8/27/2025  |  | 32,853               |              |                    | 32,309  |                |              | 32,403  |  |
| Jensen Hughes, Inc.                                          | +      |  | (2)(3)(6) |  | Utilities: Electric                           |  | L + 4.50%                       |  | 5.50%             |  | 3/22/2024  |  | 34,392               |              |                    | 34,347  |                |              | 33,395  |  |
| K2 Insurance Services, LLC                                   | +      |  | (2)(3)(6) |  | Banking, Finance, Insurance & Real Estate     |  | L + 5.00%                       |  | 6.00%             |  | 7/1/2026   |  | 12,929               |              |                    | 12,929  |                |              | 12,906  |  |
| KAMC Holdings, Inc.                                          | +#     |  | (2)(3)    |  | Energy: Electricity                           |  | L + 4.00%                       |  | 4.18%             |  | 8/14/2026  |  | 13,685               |              |                    | 13,638  |                |              | 11,450  |  |
| KBP Investments, LLC                                         | +      |  | (2)(3)(6) |  | Beverage, Food & Tobacco                      |  | L + 5.00%                       |  | 5.75%             |  | 5/25/2027  |  | 36,973               |              |                    | 36,599  |                |              | 36,570  |  |
| Odyssey Logistics & Technology Corp.                     | +#     |  | (2)(3)    |  | Transportation: Cargo                         |  | L + 4.00%                       |  | 5.00%             |  | 10/12/2024 |  | 9,605                |              |                    | 9,580   |                |              | 9,509   |  |
| Output Services Group                                        | ^+ |  | (2)(3)    |  | Media: Advertising, Printing & Publishing |  | L + 4.50%                       |  | 5.50%             |  | 3/27/2024  |  | 19,222               |              |                    | 19,194  |                |              | 16,467  |  |
| Premise Health Holding Corp.                                 | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 3.50%                       |  | 3.72%             |  | 7/10/2025  |  | 13,445               |              |                    | 13,409  |                |              | 13,419  |  |
| Q Holding Company                                            | +#     |  | (2)(3)    |  | Automotive                                        |  | L + 5.00%                       |  | 6.00%             |  | 12/31/2023 |  | 21,515               |              |                    | 21,421  |                |              | 21,098  |  |
| QW Holding Corporation                                       | ^+ |  | (2)(3)(6) |  | Environmental Industries                          |  | L + 6.25%                       |  | 7.25%             |  | 8/31/2024  |  | 14,116               |              |                    | 13,887  |                |              | 13,645  |  |

----

|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |               |               |               |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|--------|--|-----------|--|---------------------------------------------------|--|---------------------------------|--|-------------------|--|--------------------|---|---------------------------|--------------|--------------------|---------------|----------------|---------------|---------------|---------------|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                              |        |  | Footnotes |  | Industry                                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |   | Par/ Principal Amount |              | Amortized Cost (4) |               | Fair Value (5) |
| Radiology Partners, Inc.                                     | +#     |  | (2)(3)    |  | Healthcare & Pharmaceuticals                  |  | L + 4.25%                       |  | 4.36%             |  | 7/9/2025   |   | $                         | 27,686  |                    |               | $              | 27,603   |               |               | $ | 27,245   |  |
| RevSpring Inc.                                               | +#     |  | (2)(3)    |  | Media: Advertising, Printing & Publishing |  | L + 4.25%                       |  | 4.47%             |  | 10/11/2025 |   | 29,149               |              |                    | 29,001   |                |               | 29,067   |               |
| Striper Buyer, LLC                                           | +      |  | (2)(3)    |  | Containers, Packaging & Glass                 |  | L + 5.50%                       |  | 6.25%             |  | 12/30/2026 |   | 14,850               |              |                    | 14,720   |                |               | 14,850   |               |
| Turbo Buyer, Inc.                                            | +      |  | (2)(3)(6) |  | Automotive                                        |  | L + 6.00%                       |  | 7.00%             |  | 12/2/2025  |   | 13,960               |              |                    | 13,960   |                |               | 13,661   |               |
| U.S. TelePacific Holdings Corp.                              | +      |  | (2)(3)    |  | Telecommunications                                |  | L + 5.50%                       |  | 6.50%             |  | 5/2/2023   |   | 6,660                |              |                    | 6,643    |                |               | 4,995    |               |
| USALCO, LLC                                                  | +      |  | (2)(3)    |  | Chemicals, Plastics & Rubber                  |  | L + 6.00%                       |  | 7.00%             |  | 10/19/2027 |   | 14,995               |              |                    | 14,704   |                |               | 14,704   |               |
| VRC Companies, LLC                                           | ^+ |  | (2)(3)(6) |  | Business Services                                 |  | L + 5.50%                       |  | 6.25%             |  | 6/29/2027  |   | 26,520               |              |                    | 26,103   |                |               | 26,162   |               |
| Welocalize, Inc.                                             | +      |  | (2)(3)(6) |  | Business Services                                 |  | L + 4.75%                       |  | 5.75%             |  | 12/23/2024 |   | 34,201               |              |                    | 33,868   |                |               | 33,444   |               |
| WRE Holding Corp.                                            | ^+ |  | (2)(3)(6) |  | Environmental Industries                          |  | SOFR + 5.50%                    |  | 6.50%             |  | 1/3/2025   |   | 8,740                |              |                    | 8,724    |                |               | 8,584    |               |
| Yellowstone Buyer Acquisition, LLC                           | +      |  | (2)(3)    |  | Consumer Goods: Durable                       |  | L + 5.75%                       |  | 6.75%             |  | 9/13/2027  |   | 39,900               |              |                    | 39,135   |                |               | 39,095   |               |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
| First Lien Debt Total                                        |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              | $                  | 934,728  |                |               | $             | 926,959  |   |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |                    |               |                |
|                                                              |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |
| Equity Investments (0.2%of fair value)                       |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              |
| DBI Holding, LLC                                             | ^  |  |           |  | Transportation: Cargo                         |  |                                 |  |                   |  |                    |   | $                         | 2,961   |                    |               | $              | —  |               |               | $ | —  |  |
| DBI Holding, LLC                                             | ^  |  |           |  | Transportation: Cargo                         |  |                                 |  |                   |  |                    |   | 13,996               |              |                    | 5,364    |                |               | —  |               |
| Equity Investments Total                                     |        |  |           |  |                                                   |  |                                 |  |                   |  |                    | $ | 5,364                |              |                    | $             | —   |               |
| Total Investments                                            |        |  |           |  |                                                   |  |                                 |  |                   |  |                    |   |                           |              | $                  | 940,092  |                |               | $             | 926,959  |   |

----

|                                                                                  |              |  |                 |   |                           |              |             |  |               |       |               |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--------------|--|-----------------|---|---------------------------|--------------|-------------|--|---------------|-------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|
| First Lien Debt—unfunded delayed draw and revolving term loans commitments | Type         |  | Unused Fee |   | Par/ Principal Amount |              | Fair Value  |
| ACR Group Borrower, LLC                                                          | Revolver     |  | 0.38       | % |                           | $            | 7,350  |  |               | $     | —  |  |
| Analogic Corporation                                                             | Revolver     |  | 0.50       |   |                           | 847     |             |  | (9)           |       |
| Chartis Holding, LLC                                                             | Revolver     |  | 0.50       |   |                           | 2,183   |             |  | —  |       |
| Chemical Computing Group ULC (Canada)                                            | Revolver     |  | 0.50       |   |                           | 873     |             |  | (4)           |       |
| Chudy Group, LLC                                                                 | Delayed Draw |  | 1.00       |   |                           | 5,517   |             |  | 88       |       |
| Chudy Group, LLC                                                                 | Revolver     |  | 0.50       |   |                           | 1,379   |             |  | 22       |       |
| Diligent Corporation                                                             | Delayed Draw |  | 1.00       |   |                           | 1,653   |             |  | 26       |       |
| Diligent Corporation                                                             | Revolver     |  | 0.50       |   |                           | 703     |             |  | 11       |       |
| EPS Nass Parent, Inc.                                                            | Delayed Draw |  | 1.00       |   |                           | 3,136   |             |  | (29)          |       |
| EPS Nass Parent, Inc.                                                            | Revolver     |  | 0.50       |   |                           | 941     |             |  | (9)           |       |
| EvolveIP, LLC                                                                    | Revolver     |  | 0.50       |   |                           | 3,360   |             |  | (17)          |       |
| GSM Acquisition Corp.                                                            | Delayed Draw |  | 1.00       |   |                           | 4,313   |             |  | (33)          |       |
| Heartland Home Services, Inc                                                     | Revolver     |  | 0.50       |   |                           | 746     |             |  | 3        |       |
| HMT Holding Inc.                                                                 | Revolver     |  | 0.50       |   |                           | 6,173   |             |  | (223)         |       |
| Integrity Marketing Acquisition, LLC                                             | Delayed Draw |  | —    |   |                           | 7,000   |             |  | (71)          |       |
| Integrity Marketing Acquisition, LLC                                             | Delayed Draw |  | 1.00       |   |                           | 4,453   |             |  | (45)          |       |
| Jensen Hughes, Inc.                                                              | Revolver     |  | 0.50       |   |                           | 2,000   |             |  | (55)          |       |
| K2 Insurance Services, LLC                                                       | Revolver     |  | 0.50       |   |                           | 1,170   |             |  | (2)           |       |
| KBP Investments, LLC                                                             | Delayed Draw |  | 1.00       |   |                           | 503     |             |  | (5)           |       |
| KBP Investments, LLC                                                             | Delayed Draw |  | 1.00       |   |                           | 2,415   |             |  | (24)          |       |
| QW Holding Corporation                                                           | Delayed Draw |  | 1.00       |   |                           | 9,338   |             |  | (162)         |       |
| QW Holding Corporation                                                           | Revolver     |  | 0.50       |   |                           | 3,794   |             |  | (66)          |       |
| Turbo Buyer, Inc.                                                                | Revolver     |  | 0.50       |   |                           | 933     |             |  | (19)          |       |
| VRC Companies, LLC                                                               | Delayed Draw |  | 0.75       |   |                           | 2,521   |             |  | (30)          |       |
| VRC Companies, LLC                                                               | Revolver     |  | 0.50       |   |                           | 833     |             |  | (10)          |       |
| Welocalize, Inc.                                                                 | Revolver     |  | 0.50       |   |                           | 3,375   |             |  | (64)          |       |
| Welocalize, Inc.                                                                 | Revolver     |  | 0.50       |   |                           | 2,250   |             |  | (43)          |       |
| WRE Holding Corp.                                                                | Revolver     |  | 0.50       |   |                           | 624     |             |  | (10)          |       |
|                                                                                  |              |  |                 |   |                           |              |             |
|                                                                                  |              |  |                 |   |                           |              |             |
|                                                                                  |              |  |                 |   |                           |              |             |
| Total unfunded commitments                                                       |              |  |                 |   | $                         | 80,383  |             |  | $             | (780) |               |

|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |  |         |  |               |          |   |              |  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------|--|----------------------|---------------|--------------------------|---------------|------|---------------|-----------------------------------|--|---|---------------|--|--|------|---------------|------|--|---------|--|---------------|----------|---|--------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                            |  | Credit Fund Facility |               | Credit Fund Sub Facility |               |      |               | Credit Fund Warehouse II Facility |
|                                            |  | 2022                 |               | 2021                     |               | 2022 |               | 2021                              |  |   |               |  |  | 2022 |               | 2021 |
| Three Month Periods Ended March 31,        |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
| Outstanding Borrowing, beginning of period |  | $                    | —  |                          |               | $    | —  |                                   |  | $ | 514,621  |  |  | $    | 420,859  |      |  |         |  |               |          | $ | 86,030  |  |  | $ | 93,402  |  |
| Borrowings                                 |  | —         |               |                          | —  |      |               | —                      |  |   | 63,000   |  |  |      |               |      |  |         |  | —  |          |
| Repayments                                 |  | —         |               |                          | —  |      |               | (37,000)                          |  |   | (120,738)     |  |  |      |               |      |  | (9,322) |  |               | (10,222) |   |
| Outstanding Borrowing, end of period       |  | $                    | —  |                          |               | $    | —  |                                   |  | $ | 477,621  |  |  | $    | 363,121  |      |  |         |  |               |          | $ | 76,708  |  |  | $ | 83,180  |  |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |
|                                            |  |                      |               |                          |               |      |               |                                   |  |   |               |  |  |      |               |      |

----

----

|                                                                                      |                |               |                   |              |   |               |  |  |  |  |  |
|--------------------------------------------------------------------------------------|----------------|---------------|-------------------|--------------|---|---------------|--|--|--|--|--|
|                                                                                      | As of          |
|                                                                                      | March 31, 2022 |               | December 31, 2021 |
|                                                                                      | (unaudited)    |               |                   |
| ASSETS                                                                               |                |               |                   |
| Investments, at fair value (amortized cost of $225,068 and $238,615, respectively)   | $              | 224,313  |                   |              | $ | 239,289  |  |
| Cash, cash equivalents and restricted cash (1)                                       | 21,800    |               |                   | 10,092  |   |
| Other assets                                                                         | 8,374     |               |                   | 5,606   |   |
| Total assets                                                                         | $              | 254,487  |                   |              | $ | 254,987  |  |
| LIABILITIES AND MEMBERS’ EQUITY                                                |                |               |                   |
|                                                                                      |                |               |                   |
| Notes payable, net of unamortized debt issuance costs of $782 and $802, respectively | $              | 156,717  |                   |              | $ | 156,698  |  |
| Other liabilities                                                                    | 6,386     |               |                   | 5,557   |   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
|                                                                                      |                |               |                   |
| Total members' equity (2)                                                            | 91,384    |               |                   | 92,732  |   |
| Total liabilities and members’ equity                                          | $              | 254,487  |                   |              | $ | 254,987  |  |

----

|                                                                     |  |                                  |             |                |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|----------------------------------|-------------|----------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                     |  | For the three month period ended |             |                |
|                                                                |  | March 31, 2022                   |             | March 31, 2021 |               |   |             |  |
|                                                                |  | (unaudited)                      |             |                |               |   |             |  |
| Selected Consolidated Statement of Operations Information:      |  |                                  |             |                |               |   |             |  |
| Total investment income                                             |  | $                                | 4,486  |                |               | $ | 4,563  |  |  |  |  |  |
| Expenses                                                            |  |                                  |             |                |               |   |             |  |
| Interest and credit facility expenses                               |  | 1,219                       |             |                | 1,201    |   |             |  |  |  |
| Other expenses                                                      |  | 186                         |             |                | 191      |   |             |  |  |  |
| Total expenses                                                      |  | 1,405                       |             |                | 1,392    |   |             |  |  |  |
| Net investment income (loss)                                        |  | 3,081                       |             |                | 3,171    |   |             |  |  |  |
| Net realized gain (loss) on investments                             |  | —                     |             |                | —  |   |             |  |  |  |
| Net change in unrealized appreciation (depreciation) on investments |  | (1,429)                          |             |                | 494      |   |             |  |  |  |
| Net increase (decrease) resulting from operations                   |  | $                                | 1,652  |                |               | $ | 3,665  |  |  |  |  |  |

|                                                                             |                |               |                   |            |   |               |  |  |  |  |  |
|-----------------------------------------------------------------------------|----------------|---------------|-------------------|------------|---|---------------|--|--|--|--|--|
|                                                                             | As of          |
|                                                                        | March 31, 2022 |               | December 31, 2021 |
| Senior secured loans (1)                                                    | $              | 227,129  |                   |            | $ | 240,878  |  |
| Weighted average yields of senior secured loans based on amortized cost (2) | 7.35      | %             |                   | 7.26  | % |
| Weighted average yields of senior secured loans based on fair value (2)     | 7.37      | %             |                   | 7.24  | % |
| Number of portfolio companies in Credit Fund II                             | 33        |               |                   | 36    |   |
| Average amount per portfolio company (1)                                    | $              | 6,883    |                   |            | $ | 6,691    |  |
| Percentage of portfolio at floating interest rates (3) (4)                  | 97.7      | %             |                   | 97.7  | % |
| Percentage of portfolio at fixed interest rates (4)                         | 2.3       | %             |                   | 2.3   | % |
| Fair value of loans with PIK provisions                                     | $              | 17,486   |                   |            | $ | 17,453   |  |
| Percentage of portfolio with PIK provisions (4)                             | 7.8       | %             |                   | 7.3   | % |

|                                                           |       |  |           |  |                                   |  |                                 |  |                        |  |                    |  |                           |             |                         |  |                |             |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-------|--|-----------|--|-----------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|---------------------------|-------------|-------------------------|--|----------------|-------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |       |  | Footnotes |  | Industry                          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |             | Amortized Cost (4) |  | Fair Value (5) |
| First Lien Debt (88.7% of fair value)                     |       |  |           |  |                                   |  |                                 |  |                        |  |                    |  |                           |             |
| Airnov, Inc.                                              | ^ |  | (2)(3)    |  | Containers, Packaging & Glass |  | L + 5.00%                       |  | 6.00%                  |  | 12/19/2025 |  | $                         | 9,920  |                         |  | $              | 9,906  |  |  | $ | 9,913  |  |

----

|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |             |             |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-------|--|-----------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|---------------------------|-------------|-------------------------|---------------|----------------|-------------|-------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |       |  | Footnotes |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |             | Amortized Cost (4) |               | Fair Value (5) |
| American Physician Partners, LLC                          | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 10.25% (8.75%, 1.50% PIK)   |  | 11.25%                 |  | 4/8/2022   |  | $                         | 8,447  |                         |               | $              | 8,447  |             |               | $ | 8,447  |  |
| Appriss Health, LLC                                       | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 7.25%                       |  | 8.25%                  |  | 5/6/2027   |  | 1,197                |             |                         | 1,178    |                |             | 1,176  |               |
| Apptio, Inc.                                              | ^ |  | (2)(3)    |  | Software                                      |  | L + 7.25%                       |  | 8.25%                  |  | 1/10/2025  |  | 5,357                |             |                         | 5,299    |                |             | 5,357  |               |
| Aurora Lux FinCo S.Á.R.L. (Luxembourg)               | ^ |  | (2)(3)    |  | Software                                      |  | L + 6.00%                       |  | 7.00%                  |  | 12/24/2026 |  | 4,344                |             |                         | 4,265    |                |             | 3,943  |               |
| BMS Holdings III Corp.                                    | ^ |  | (2)(3)    |  | Construction & Building                   |  | L + 5.50%                       |  | 6.50%                  |  | 9/30/2026  |  | 3,266                |             |                         | 3,211    |                |             | 3,219  |               |
| Captive Resources Midco, LLC                              | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 5/31/2027  |  | 8,193                |             |                         | 8,114    |                |             | 8,113  |               |
| Chartis Holding, LLC                                      | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 5/1/2025   |  | 9,899                |             |                         | 9,883    |                |             | 9,866  |               |
| Comar Holding Company, LLC                                | ^ |  | (2)(3)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%                  |  | 6/18/2024  |  | 8,687                |             |                         | 8,616    |                |             | 8,431  |               |
| Cority Software Inc. (Canada)                             | ^ |  | (2)(3)    |  | Software                                      |  | L + 5.00%                       |  | 6.00%                  |  | 7/2/2026   |  | 8,689                |             |                         | 8,574    |                |             | 8,662  |               |
| Dwyer Instruments, Inc                                    | ^ |  | (2)(3)    |  | Capital Equipment                             |  | L + 5.50%                       |  | 6.25%                  |  | 7/21/2027  |  | 9,975                |             |                         | 9,916    |                |             | 9,948  |               |
| Ethos Veterinary Health LLC                               | ^ |  | (2)(3)    |  | Consumer Services                             |  | L + 4.75%                       |  | 4.85%                  |  | 5/15/2026  |  | 8,122                |             |                         | 8,071    |                |             | 8,122  |               |
| EvolveIP, LLC                                             | ^ |  | (2)(3)(7) |  | Telecommunications                            |  | SOFR + 5.50%                    |  | 6.50%                  |  | 6/7/2025   |  | 8,688                |             |                         | 8,680    |                |             | 8,668  |               |
| Harbour Benefit Holdings, Inc.                            | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.25%                       |  | 6.25%                  |  | 12/13/2024 |  | 4,698                |             |                         | 4,690    |                |             | 4,692  |               |
| K2 Insurance Services, LLC                                | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.00%                       |  | 6.00%                  |  | 7/1/2026   |  | 8,990                |             |                         | 8,900    |                |             | 8,979  |               |
| Kaseya, Inc.                                              | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 6.50% (5.50%, 1.00% PIK)    |  | 7.50%                  |  | 5/3/2025   |  | 9,116                |             |                         | 9,018    |                |             | 9,039  |               |
| Material Holdings, LLC                                    | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.75%                       |  | 6.50%                  |  | 8/19/2027  |  | 7,960                |             |                         | 7,879    |                |             | 7,720  |               |
| Maverick Acquisition, Inc.                                | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 6/1/2027   |  | 7,960                |             |                         | 7,800    |                |             | 7,627  |               |
| National Technical Systems, Inc.                          | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 5.50%                       |  | 6.50%                  |  | 6/12/2023  |  | 8,711                |             |                         | 8,700    |                |             | 8,688  |               |
| NMI AcquisitionCo, Inc.                                   | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 5.75%                       |  | 6.50%                  |  | 9/6/2025   |  | 8,685                |             |                         | 8,668    |                |             | 8,563  |               |
| Redwood Services Group, LLC                               | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 6.00%                       |  | 7.00%                  |  | 6/6/2024   |  | 8,715                |             |                         | 8,704    |                |             | 8,634  |               |
| Riveron Acquisition Holdings, Inc.                        | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%                  |  | 5/22/2025  |  | 8,153                |             |                         | 8,060    |                |             | 8,152  |               |
| RSC Acquisition, Inc.                                     | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 11/1/2026  |  | 8,380                |             |                         | 8,262    |                |             | 8,106  |               |
| TCFI Aevex LLC                                            | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 3/18/2026  |  | 1,697                |             |                         | 1,673    |                |             | 1,424  |               |
| Turbo Buyer, Inc.                                         | ^ |  | (2)(3)    |  | Automotive                                    |  | L + 6.00%                       |  | 7.00%                  |  | 12/2/2025  |  | 8,071                |             |                         | 7,938    |                |             | 7,946  |               |
| US INFRA SVCS Buyer, LLC                                  | ^ |  | (2)(3)    |  | Environmental Industries                      |  | L + 6.50%                       |  | 7.50%                  |  | 4/13/2026  |  | 3,258                |             |                         | 3,212    |                |             | 3,161  |               |
| U.S. Legal Support, Inc.                                  | ^ |  | (2)(3)(7) |  | Business Services                             |  | SOFR + 5.25%                    |  | 6.25%                  |  | 11/30/2024 |  | 6,218                |             |                         | 6,208    |                |             | 6,093  |               |
| Westfall Technik, Inc.                                    | ^ |  | (2)(3)    |  | Chemicals, Plastics & Rubber              |  | L + 5.75%                       |  | 6.75%                  |  | 9/13/2024  |  | 6,402                |             |                         | 6,328    |                |             | 6,300  |               |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |
| First Lien Debt Total                                     |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             | $                       | 200,200  |                |             | $           | 198,989  |   |
| Second Lien Debt (11.3% of fair value)                    |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |
| AI Convoy S.A.R.L (United Kingdom)                        | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 8.25%                       |  | 9.25%                  |  | 1/17/2028  |  | $                         | 5,514  |                         |               | $              | 5,416  |             |               | $ | 5,734  |  |
| AP Plastics Acquisition Holdings, LLC                     | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 7.50%                       |  | 8.25%                  |  | 8/10/2029  |  | 4,500                |             |                         | 4,412    |                |             | 4,504  |               |
| AQA Acquisition Holdings, Inc.                            | ^ |  | (2)(3)    |  | Software                                      |  | L + 7.50%                       |  | 8.00%                  |  | 3/3/2029   |  | 5,000                |             |                         | 4,884    |                |             | 4,996  |               |
| Quartz Holding Company                                    | ^ |  | (2)(3)    |  | Capital Equipment                             |  | L + 8.00%                       |  | 8.10%                  |  | 4/2/2027   |  | 4,852                |             |                         | 4,784    |                |             | 4,852  |               |

----

|                                                           |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             |                         |               |                |             |              |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------|-------|--|-----------|--|-------------------|--|---------------------------------|--|------------------------|--|------------------|--|---------------------------|-------------|-------------------------|---------------|----------------|-------------|--------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of March 31, 2022 |
| Investments (1)                                           |       |  | Footnotes |  | Industry          |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date    |  | Par/ Principal Amount |             | Amortized Cost (4) |               | Fair Value (5) |
| World 50, Inc.                                            | ^ |  | (6)       |  | Business Services |  | 11.50%                          |  | 11.50%                 |  | 1/9/2027 |  | $                         | 5,465  |                         |               | $              | 5,372  |              |               | $ | 5,238  |  |
|                                                           |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             |                         |               |                |
|                                                           |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             |                         |               |                |
| Second Lien Debt Total                                    |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           | $           | 24,868             |               |                | $           | 25,324  |               |
| Total Investments                                         |       |  |           |  |                   |  |                                 |  |                        |  |                  |  |                           |             | $                       | 225,068  |                |             | $            | 224,313  |   |

----

|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |                         |               |                |             |             |               |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|-------|--|-----------|--|-----------------------------------------------|--|---------------------------------|--|------------------------|--|--------------------|--|---------------------------|-------------|-------------------------|---------------|----------------|-------------|-------------|---------------|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                              |       |  | Footnotes |  | Industry                                      |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date      |  | Par/ Principal Amount |             | Amortized Cost (4) |               | Fair Value (5) |
| First Lien Debt (87.0%) of fair value)                       |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |
| Airnov, Inc.                                                 | ^ |  | (2)(3)    |  | Containers, Packaging & Glass             |  | L + 5.00%                       |  | 6.00%                  |  | 12/19/2025 |  | $                         | 9,946  |                         |               | $              | 9,930  |             |               | $ | 9,946  |  |
| American Physician Partners, LLC                             | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 6.75%, 1.50% PIK            |  | 9.25%                  |  | 2/21/2022  |  | 8,415                |             |                         | 8,415    |                |             | 8,415  |               |
| Appriss Health, LLC                                          | ^ |  | (2)(3)    |  | Healthcare & Pharmaceuticals              |  | L + 7.25%                       |  | 8.25%                  |  | 5/6/2027   |  | 1,197                |             |                         | 1,178    |                |             | 1,198  |               |
| Apptio, Inc.                                                 | ^ |  | (2)(3)    |  | Software                                      |  | L + 7.25%                       |  | 8.25%                  |  | 1/10/2025  |  | 5,357                |             |                         | 5,295    |                |             | 5,357  |               |
| Aurora Lux FinCo S.Á.R.L. (Luxembourg)                  | ^ |  | (2)(3)    |  | Software                                      |  | L + 6.00%                       |  | 7.00%                  |  | 12/24/2026 |  | 4,355                |             |                         | 4,273    |                |             | 3,924  |               |
| Avenu Holdings, LLC                                          | ^ |  | (2)(3)    |  | Sovereign & Public Finance                |  | L + 5.25%                       |  | 6.25%                  |  | 9/28/2024  |  | 987                  |             |                         | 980      |                |             | 987    |               |
| BMS Holdings III Corp.                                       | ^ |  | (2)(3)    |  | Construction & Building                   |  | L + 5.50%                       |  | 6.50%                  |  | 9/30/2026  |  | 3,275                |             |                         | 3,216    |                |             | 3,224  |               |
| Captive Resources Midco, LLC                                 | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 5/31/2027  |  | 8,193                |             |                         | 8,108    |                |             | 8,147  |               |
| Chartis Holding, LLC                                         | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 5/1/2025   |  | 9,924                |             |                         | 9,907    |                |             | 9,924  |               |
| Comar Holding Company, LLC                                   | ^ |  | (2)(3)    |  | Containers, Packaging & Glass             |  | L + 5.75%                       |  | 6.75%                  |  | 6/18/2024  |  | 8,710                |             |                         | 8,632    |                |             | 8,536  |               |
| Cority Software Inc. (Canada)                                | ^ |  | (2)(3)    |  | Software                                      |  | L + 5.00%                       |  | 6.00%                  |  | 7/2/2026   |  | 8,712                |             |                         | 8,591    |                |             | 8,707  |               |
| Dwyer Instruments, Inc                                       | ^ |  | (2)(3)    |  | Capital Equipment                             |  | L + 5.50%                       |  | 6.25%                  |  | 7/21/2027  |  | 10,000               |             |                         | 9,939    |                |             | 9,974  |               |
| Ethos Veterinary Health LLC                                  | ^ |  | (2)(3)    |  | Consumer Services                             |  | L + 4.75%                       |  | 4.85%                  |  | 5/15/2026  |  | 8,134                |             |                         | 8,080    |                |             | 8,134  |               |
| EvolveIP, LLC                                                | ^ |  | (2)(3)    |  | Telecommunications                            |  | L + 5.50%                       |  | 6.50%                  |  | 6/7/2025   |  | 8,710                |             |                         | 8,701    |                |             | 8,666  |               |
| Harbour Benefit Holdings, Inc.                               | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.25%                       |  | 6.25%                  |  | 12/13/2024 |  | 4,717                |             |                         | 4,707    |                |             | 4,669  |               |
| K2 Insurance Services, LLC                                   | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.00%                       |  | 6.00%                  |  | 7/1/2026   |  | 9,012                |             |                         | 8,914    |                |             | 8,998  |               |
| Kaseya, Inc.                                                 | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 5.50%, 1.00% PIK            |  | 7.50%                  |  | 5/3/2025   |  | 9,092                |             |                         | 8,987    |                |             | 9,038  |               |
| Material Holdings, LLC                                       | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.75%                       |  | 6.50%                  |  | 8/19/2027  |  | 7,980                |             |                         | 7,896    |                |             | 7,891  |               |
| Maverick Acquisition, Inc.                                   | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 6/1/2027   |  | 7,980                |             |                         | 7,814    |                |             | 7,808  |               |
| National Technical Systems, Inc.                             | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 5.50%                       |  | 6.50%                  |  | 6/12/2023  |  | 8,733                |             |                         | 8,720    |                |             | 8,733  |               |
| NMI AcquisitionCo, Inc.                                      | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 5.75%                       |  | 6.50%                  |  | 9/6/2025   |  | 8,708                |             |                         | 8,680    |                |             | 8,601  |               |
| Redwood Services Group, LLC                                  | ^ |  | (2)(3)    |  | High Tech Industries                          |  | L + 6.00%                       |  | 7.00%                  |  | 6/6/2024   |  | 8,736                |             |                         | 8,724    |                |             | 8,737  |               |
| Riveron Acquisition Holdings, Inc.                           | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.75%                       |  | 6.75%                  |  | 5/22/2025  |  | 8,173                |             |                         | 8,074    |                |             | 8,173  |               |
| RSC Acquisition, Inc.                                        | ^ |  | (2)(3)    |  | Banking, Finance, Insurance & Real Estate |  | L + 5.50%                       |  | 6.25%                  |  | 11/1/2026  |  | 8,401                |             |                         | 8,277    |                |             | 8,434  |               |
| Superior Health Linens, LLC                                  | ^ |  | (2)(3)    |  | Business Services                             |  | L + 6.50%                       |  | 7.50%                  |  | 3/31/2022  |  | 6,875                |             |                         | 6,875    |                |             | 6,875  |               |
| TCFI Aevex LLC                                               | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 6.00%                       |  | 7.00%                  |  | 3/18/2026  |  | 1,701                |             |                         | 1,676    |                |             | 1,458  |               |
| Turbo Buyer, Inc.                                            | ^ |  | (2)(3)    |  | Automotive                                    |  | L + 6.00%                       |  | 7.00%                  |  | 12/2/2025  |  | 8,091                |             |                         | 7,950    |                |             | 7,929  |               |
| US INFRA SVCS Buyer, LLC                                     | ^ |  | (2)(3)    |  | Environmental Industries                      |  | L + 6.50%                       |  | 7.50%                  |  | 4/13/2026  |  | 3,267                |             |                         | 3,217    |                |             | 3,189  |               |
| USLS Acquisition, Inc.                                       | ^ |  | (2)(3)    |  | Business Services                             |  | L + 5.50%                       |  | 6.50%                  |  | 11/30/2024 |  | 6,234                |             |                         | 6,223    |                |             | 6,165  |               |
| Westfall Technik, Inc.                                       | ^ |  | (2)(3)    |  | Chemicals, Plastics & Rubber              |  | L + 5.75%                       |  | 6.75%                  |  | 9/13/2024  |  | 6,418                |             |                         | 6,337    |                |             | 6,359  |               |
|                                                              |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             | $                       | 208,316  |                |             | $           | 208,196  |   |
| Second Lien Debt (9.9% of fair value)                        |       |  |           |  |                                               |  |                                 |  |                        |  |                    |  |                           |             |
| AI Convoy S.A.R.L (United Kingdom)                           | ^ |  | (2)(3)    |  | Aerospace & Defense                       |  | L + 8.25%                       |  | 9.25%                  |  | 1/17/2028  |  | $                         | 5,514  |                         |               | $              | 5,413  |             |               | $ | 5,720  |  |
| AP Plastics Acquisition Holdings, LLC                        | ^ |  | (2)(3)    |  | Chemicals, Plastics & Rubber              |  | L + 7.50%                       |  | 8.25%                  |  | 8/10/2029  |  | 4,500                |             |                         | 4,410    |                |             | 4,526  |               |

----

|                                                              |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |   |                         |               |                |   |              |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|-------|--|-----------|--|----------------------|--|---------------------------------|--|------------------------|--|-------------------|--|---------------------------|---|-------------------------|---------------|----------------|---|--------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Consolidated Schedule of Investments as of December 31, 2021 |
| Investments (1)                                              |       |  | Footnotes |  | Industry             |  | Reference Rate & Spread (2) |  | Interest Rate (2) |  | Maturity Date     |  | Par/ Principal Amount |   | Amortized Cost (4) |               | Fair Value (5) |
| AQA Acquisition Holdings, Inc.                               | ^ |  | (2)(3)    |  | High Tech Industries |  | L + 7.50%                       |  | 8.00%                  |  | 3/3/2029  |  | 5,000                |   |                         | 4,881    |                |   | 5,004   |               |
| Quartz Holding Company                                       | ^ |  | (2)(3)    |  | Software             |  | L + 8.00%                       |  | 8.10%                  |  | 4/2/2027  |  | 4,852                |   |                         | 4,781    |                |   | 4,852   |               |
| Tank Holding Corp.                                           | ^ |  | (2)(3)    |  | Capital Equipment    |  | L + 8.25%                       |  | 8.35%                  |  | 3/26/2027 |  | 5,514                |   |                         | 5,446    |                |   | 5,569   |               |
| World 50, Inc.                                               | ^ |  | (6)       |  | Business Services    |  | 11.50%                          |  | 11.50%                 |  | 1/9/2027  |  | 5,465                |   |                         | 5,368    |                |   | 5,422   |               |
| Second Lien Debt Total                                       |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           | $ | 30,299             |               |                | $ | 31,093  |               |
| Total Investments                                            |       |  |           |  |                      |  |                                 |  |                        |  |                   |  |                           |   | $                       | 238,615  |                |   | $            | 239,289  |  |

----

|                 |                     |               |                        |  |                              |               |                           |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|-----------------|---------------------|---------------|------------------------|--|------------------------------|---------------|---------------------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|            | March 31, 2022      |
|            | Total Facility |               | Borrowings Outstanding |  | Unused Portion (1) |               | Amount Available (2) |
|                 |                     |               |                        |  |                              |               |                           |
| Credit Facility | $                   | 688,000  |                        |  | $                            | 359,679  |                           |  | $ | 328,321  |  |  | $ | 328,518  |  |
| Total           | $                   | 688,000  |                        |  | $                            | 359,679  |                           |  | $ | 328,321  |  |  | $ | 328,518  |  |

----

|                 |                     |               |                        |               |                              |               |                           |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|-----------------|---------------------|---------------|------------------------|---------------|------------------------------|---------------|---------------------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|            | December 31, 2021   |
|            | Total Facility |               | Borrowings Outstanding |               | Unused Portion (1) |               | Amount Available (2) |
|                 |                     |               |                        |               |                              |               |                           |
| Credit Facility | 688,000        |               |                        | 407,655  |                              |               | 280,345              |  |   | 280,706  |  |
| Total           | $                   | 688,000  |                        |               | $                            | 407,655  |                           |  | $ | 280,345  |  |  | $ | 280,706  |  |

|                                      |                     |               |                   |              |                     |               |                 |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|--------------------------------------|---------------------|---------------|-------------------|--------------|---------------------|---------------|-----------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|                                 | March 31, 2022      |               | December 31, 2021 |
| 2015-1R Notes                        | Carrying Value |               | Fair Value   |              | Carrying Value |               | Fair Value |
| Aaa/AAA Class A-1-1-R Notes | $                   | 234,800  |                   |              | $                   | 234,190  |                 |  | $ | 234,800  |  |  | $ | 234,941  |  |
| Aaa/AAA Class A-1-2-R Notes | 50,000         |               |                   | 49,870  |                     |               | 50,000     |  |   | 50,075   |  |
| Aaa/AAA Class A-1-3-R Notes | 25,000         |               |                   | 23,773  |                     |               | 25,000     |  |   | 24,680   |  |
| AA Class A-2-R Notes            | 66,000         |               |                   | 65,597  |                     |               | 66,000     |  |   | 66,003   |  |
| A Class B Notes                      | 46,400         |               |                   | 46,401  |                     |               | 46,400     |  |   | 46,430   |  |
| BBB- Class C Notes                   | 27,000         |               |                   | 26,106  |                     |               | 27,000     |  |   | 26,714   |  |
| Total                                | $                   | 449,200  |                   |              | $                   | 445,937  |                 |  | $ | 449,200  |  |  | $ | 448,843  |  |

|                                                |                                   |  |                |                  |  |  |  |  |  |  |  |
|------------------------------------------------|-----------------------------------|--|----------------|------------------|--|--|--|--|--|--|--|
|                                           | For the three month periods ended |
|                                           | March 31, 2022                    |  | March 31, 2021 |
| Common shares outstanding, beginning of period | 53,142,454                   |  |                | 55,320,309  |  |
|                                                |                                   |  |                |
| Repurchase of common stock (1)                 | (495,296)                         |  |                | (511,047)        |  |
| Common shares outstanding, end of period       | 52,647,158                   |  |                | 54,809,262  |  |

----

|                                   |                        |               |                   |              |   |               |  |  |  |  |  |
|-----------------------------------|------------------------|---------------|-------------------|--------------|---|---------------|--|--|--|--|--|
|                              | Principal Amount as of |
|                              | March 31, 2022         |               | December 31, 2021 |
| Unfunded delayed draw commitments | $                      | 173,121  |                   |              | $ | 112,985  |  |
| Unfunded revolving commitments    | 64,775            |               |                   | 67,513  |   |
| Total unfunded commitments        | $                      | 237,896  |                   |              | $ | 180,498  |  |

----

|                    |  |                    |  |                  |  |                       |            |     |     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--|--------------------|--|------------------|--|-----------------------|------------|-----|-----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Date Declared |  | Record Date   |  | Payment Date     |  | Per Share Amount |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
| 2020               |  |                    |  |                  |  |                       |            |
| February 24, 2020  |  | March 31, 2020     |  | April 17, 2020   |  | $                     | 0.37  |     |     |
| May 4, 2020        |  | June 30, 2020      |  | July 17, 2020    |  | 0.37             |            |     |
| August 3, 2020     |  | September 30, 2020 |  | October 16, 2020 |  | 0.32             |            | (2) |
| August 3, 2020     |  | September 30, 2020 |  | October 16, 2020 |  | 0.05             |            | (1) |
| November 2, 2020   |  | December 31, 2020  |  | January 15, 2021 |  | 0.32             |            |     |
| November 2, 2020   |  | December 31, 2020  |  | January 15, 2021 |  | 0.04             |            | (1) |
| Total              |  |                    |  |                  |  | $                     | 1.47  |     |     |
| 2021               |  |                    |  |                  |  |                       |            |
| February 22, 2021  |  | March 31, 2021     |  | April 16, 2021   |  | $                     | 0.32  |     |     |
| February 22, 2021  |  | March 31, 2021     |  | April 16, 2021   |  | 0.05             |            | (1) |
| May 3, 2021        |  | June 30, 2021      |  | July 15, 2021    |  | $                     | 0.32  |     |     |
| May 3, 2021        |  | June 30, 2021      |  | July 15, 2021    |  | $                     | 0.04  |     | (1) |
| August 2, 2021     |  | September 30, 2021 |  | October 15, 2021 |  | $                     | 0.32  |     |     |
| August 2, 2021     |  | September 30, 2021 |  | October 15, 2021 |  | $                     | 0.06  |     | (1) |
| November 1, 2021   |  | December 31, 2021  |  | January 14, 2022 |  | $                     | 0.32  |     |     |
| November 1, 2021   |  | December 31, 2021  |  | January 14, 2022 |  | $                     | 0.07  |     | (1) |
| Total              |  |                    |  |                  |  | $                     | 1.50  |     |     |
| 2022               |  |                    |  |                  |  |                       |            |
| February 18, 2022  |  | March 31, 2022     |  | April 15, 2022   |  | $                     | 0.32  |     |     |
| February 18, 2022  |  | March 31, 2022     |  | April 15, 2022   |  | $                     | 0.08  |     | (1) |
|                    |  |                    |  |                  |  |                       |            |
|                    |  |                    |  |                  |  |                       |            |
| Total              |  |                    |  |                  |  | $                     | 0.40  |     |     |

----

|                    |  |                    |  |                    |  |                       |             |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--|--------------------|--|--------------------|--|-----------------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Date Declared |  | Record Date   |  | Payment Date       |  | Per Share Amount |
| 2020               |  |                    |  |                    |  |                       |
| June 30, 2020      |  | June 30, 2020      |  | September 30, 2020 |  | $                     | 0.277  |  |
| September 30, 2020 |  | September 30, 2020 |  | September 30, 2020 |  | 0.423            |             |
| December 31, 2020  |  | December 31, 2020  |  | December 31, 2020  |  | 0.438            |             |
|                    |  |                    |  |                    |  |                       |
| Total              |  |                    |  |                    |  | $                     | 1.138  |  |
| 2021               |  |                    |  |                    |  |                       |
| March 31, 2021     |  | March 31, 2021     |  | March 31, 2021     |  | $                     | 0.438  |  |
| June 30, 2021      |  | June 30, 2021      |  | June 30, 2021      |  | 0.438            |             |
| September 30, 2021 |  | September 30, 2021 |  | September 30, 2021 |  | 0.438            |             |
| December 29, 2021  |  | December 31, 2021  |  | December 31, 2021  |  | 0.438            |             |
| Total              |  |                    |  |                    |  | $                     | 1.752  |  |
| 2022               |  |                    |  |                    |  |                       |
| March 25, 2022     |  | March 31, 2022     |  | March 31, 2022     |  | 0.438            |             |
| Total              |  |                    |  |                    |  | $                     | 0.438  |  |

----

----

----

----

|                       |                 |              |                   |  |                       |             |                 |  |                  |              |                       |  |   |              |  |  |   |             |  |  |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|-----------------|--------------|-------------------|--|-----------------------|-------------|-----------------|--|------------------|--------------|-----------------------|--|---|--------------|--|--|---|-------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                  | March 31, 2022  |              | December 31, 2021 |
| Basis Point Change    | Interest Income |              | Interest Expense  |  | Net Investment Income |             | Interest Income |  | Interest Expense |              | Net Investment Income |
| Up 300 basis points   | $               | 44,247  |                   |  | $                     | (23,419)    |                 |  | $                | 20,828  |                       |  | $ | 34,923  |  |  | $ | (24,832)    |  |  | $ | 10,091  |  |
| Up 200 basis points   | $               | 29,503  |                   |  | $                     | (15,580)    |                 |  | $                | 13,923  |                       |  | $ | 19,935  |  |  | $ | (16,513)    |  |  | $ | 3,422   |  |
| Up 100 basis points   | $               | 14,758  |                   |  | $                     | (7,741)     |                 |  | $                | 7,017   |                       |  | $ | 4,954   |  |  | $ | (8,195)     |  |  | $ | (3,241)      |  |
| Down 100 basis points | $               | (1,030)      |                   |  | $                     | 3,077  |                 |  | $                | 2,047   |                       |  | $ | (147)        |  |  | $ | 1,083  |  |  | $ | 936     |  |
| Down 200 basis points | $               | (1,030)      |                   |  | $                     | 3,077  |                 |  | $                | 2,047   |                       |  | $ | (147)        |  |  | $ | 1,083  |  |  | $ | 936     |  |
| Down 300 basis points | $               | (1,030)      |                   |  | $                     | 3,077  |                 |  | $                | 2,047   |                       |  | $ | (147)        |  |  | $ | 1,083  |  |  | $ | 936     |  |

----

----

|                                            |  |                                      |  |                              |             |                                                                                        |               |                                                                                                       |               |  |              |   |              |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------|--|--------------------------------------|--|------------------------------|-------------|----------------------------------------------------------------------------------------|---------------|-------------------------------------------------------------------------------------------------------|---------------|--|--------------|---|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                            |  |                                      |  |                              |             |                                                                                        |               |                                                                                                       |
| Period                                     |  | Total Number of Shares Purchased (1) |  | Average Price Paid Per Share |             | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)(2) |               | Maximum (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs |
| January 1, 2022 through January 31, 2022   |  | 171,415                         |  |                              | $           | 14.01                                                                             |               |                                                                                                       | 171,415  |  |              | $ | 22,311  |  |
| February 1, 2022 through February 28, 2022 |  | 164,367                         |  |                              | 14.02  |                                                                                        |               | 164,367                                                                                          |               |  | 20,007  |   |
| March 1, 2022 through March 31, 2022       |  | 159,514                         |  |                              | 14.44  |                                                                                        |               | 159,514                                                                                          |               |  | 17,705  |   |
| Total                                      |  | 495,296                         |  |                              |             |                                                                                        | 495,296  |                                                                                                       |               |  |
|                                            |  |                                      |  |                              |             |                                                                                        |               |                                                                                                       |

----

|      |              |                                                                                                                                                                                             |  |  |  |  |  |  |
|------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
|      |              |                                                                                                                                                                                             |
| 31.1 |    | Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended.*                                      |
|      |              |                                                                                                                                                                                             |
| 31.2 |    | Certification of Chief Financial Officer (Principal Financial Officer) Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as amended.*                                         |
|      |              |                                                                                                                                                                                             |
| 32.1 |    | Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
|      |              |                                                                                                                                                                                             |
| 32.2 |    | Certification of Chief Financial Officer (Principal Financial Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |

----

|                        |                               |              |                                                                        |  |  |  |  |  |  |  |  |
|------------------------|-------------------------------|--------------|------------------------------------------------------------------------|--|--|--|--|--|--|--|--|
|                        | CARLYLE SECURED LENDING, INC. |
|                        |                               |              |
| Dated: May 3, 2022 | By                            |    | /s/ Thomas M. Hennigan                                         |
|                        |                               |    | Thomas M. HenniganChief Financial Officer(principal financial officer) |