|            |                                                                                                                       |  |  |  |  |
|------------|-----------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| (Mark One) |                                                                                                                  |
| þ     | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                          |
|       | For the quarterly period ended September 30, 2020                                                                     |
| OR         |
|  ̈     | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                         |
|       | For the transition period from               to |

|                                                                                          |                                                |  |  |  |  |
|------------------------------------------------------------------------------------------|------------------------------------------------|--|--|--|--|
| Maryland(State or Other Jurisdiction of Incorporation or Organization)                   | 45-3999996(I.R.S. Employer Identification No.) |
| 1300 Post Oak Boulevard, 8th FloorHouston, Texas(Address of Principal Executive Offices) | 77056(Zip Code)                                |

|                     |                   |                                           |  |  |  |  |  |  |
|---------------------|-------------------|-------------------------------------------|--|--|--|--|--|--|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| None                | N/A           | N/A                                   |

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

----

|                                         |                                                                                             |        |  |  |  |  |  |  |
|-----------------------------------------|---------------------------------------------------------------------------------------------|--------|--|--|--|--|--|--|
| Item 1.                                 | Condensed Consolidated Financial Statements:                                            |   |
|                                    | Condensed Consolidated Balance Sheets                                                       | 1      |
|                                    | Condensed Consolidated Statements of Operations                                             | 2      |
|                                    | Condensed Consolidated Statements of Changes in Net Assets                                  | 3      |
|                                    | Condensed Consolidated Statements of Cash Flows                                             | 4      |
|                                    | Condensed Consolidated Schedules of Investments                                             | 5      |
|                                    | Notes to the Condensed Consolidated Financial Statements                                    | 28     |
| Item 2.                                 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 50     |
| Item 3.                                 | Quantitative and Qualitative Disclosures About Market Risk                                  | 63     |
| Item 4.                                 | Controls and Procedures                                                                     | 66     |
|                                    |                                                                                        |   |
| PART II — OTHER INFORMATION  |
|                                    |                                                                                        |   |
| Item 1.                                 | Legal Proceedings                                                                           | 67     |
| Item 1A.                                | Risk Factors                                                                                | 67     |
| Item 2.                                 | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 68     |
| Item 3.                                 | Defaults Upon Senior Securities                                                             | 68     |
| Item 4.                                 | Mine Safety Disclosures                                                                     | 68     |
| Item 5.                                 | Other Information                                                                           | 68     |
| Item 6.                                 | Exhibits                                                                                    | 69     |
|                                    |                                                                                        |   |
| Signatures                              |                                                                                        | 70     |

----

|                                                                                                                                                                                 |                    |               |                   |                 |   |                 |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|---------------|-------------------|-----------------|---|-----------------|--|--|--|--|--|
|                                                                                                                                                                                 | September 30, 2020 |               | December 31, 2019 |
|                                                                                                                                                                            | (Unaudited)        |               |                   |
| ASSETS                                                                                                                                                                          |               |               |              |
| Portfolio investments at fair value:                                                                                                                                        |               |               |              |
| Non-Control/Non-Affiliate investments (amortized cost: $772,439 and $878,632 as of September 30, 2020 and December 31, 2019, respectively)                              | $                  | 709,368  |                   |                 | $ | 838,643    |  |
| Affiliate investments (amortized cost: $145,735 and $144,006 as of September 30, 2020 and December 31, 2019, respectively)                                                  | 158,505       |               |                   | 154,158    |   |
| Control investments (amortized cost: $18,287 and $17,417 as of September 30, 2020 and December 31, 2019, respectively)                                                      | 34,785        |               |                   | 34,796     |   |
| Total portfolio investments (amortized cost: $936,461 and $1,040,055 as of September 30, 2020 and December 31, 2019, respectively)                                          | 902,658       |               |                   | 1,027,597  |   |
|                                                                                                                                                                                 |                    |               |                   |
| Cash and cash equivalents                                                                                                                                                       | 14,682        |               |                   | 21,846     |   |
| Restricted cash                                                                                                                                                                 | 16,611        |               |                   | —    |   |
| Interest receivable                                                                                                                                                             | 8,578         |               |                   | 8,749      |   |
|                                                                                                                                                                                 |                    |               |                   |
| Prepaid and other assets                                                                                                                                                        | 3,174         |               |                   | 4,403      |   |
|                                                                                                                                                                                 |                    |               |                   |
|                                                                                                                                                                                 |                    |               |                   |
| Deferred financing costs (net of accumulated amortization of $3,541 and $2,990 as of September 30, 2020 and December 31, 2019, respectively)                                    | 3,067         |               |                   | 3,516      |   |
| Total assets                                                                                                                                                                    | $                  | 948,770  |                   |                 | $ | 1,066,111  |  |
|                                                                                                                                                                                 |                    |               |                   |
| LIABILITIES                                                                                                                                                                     |               |               |              |
| Accounts payable and other liabilities                                                                                                                                          | $                  | 3,721    |                   |                 | $ | 1,684      |  |
|                                                                                                                                                                                 |                    |               |                   |
| Stockholder distributions payable                                                                                                                                               | —       |               |                   | 4,669      |   |
| Base management and incentive fees payable                                                                                                                                      | 4,698         |               |                   | 5,388      |   |
| Due to affiliates                                                                                                                                                               | 5             |               |                   | 44         |   |
| Directors’ fees payable                                                                                                                                                   | 76            |               |                   | 21         |   |
|                                                                                                                                                                                 |                    |               |                   |
| Credit facilities payable                                                                                                                                                       | 375,129       |               |                   | 445,000    |   |
| Total liabilities                                                                                                                                                               | 383,629       |               |                   | 456,806    |   |
|                                                                                                                                                                                 |                    |               |                   |
| Commitments and Contingencies (Note 11)                                                                                                                                         |                    |               |                   |
|                                                                                                                                                                                 |                    |               |                   |
| NET ASSETS                                                                                                                                                                      |               |               |              |
| Common stock, $.001 par value; 150,000,000 shares authorized, 79,608,304 and 78,463,377 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively | 80            |               |                   | 78         |   |
| Additional paid-in capital                                                                                                                                                      | 683,154       |               |                   | 675,554    |   |
|                                                                                                                                                                                 |                    |               |                   |
|                                                                                                                                                                                 |                    |               |                   |
|                                                                                                                                                                                 |                    |               |                   |
|                                                                                                                                                                                 |                    |               |                   |
| Accumulated loss                                                                                                                                                                | (118,093)          |               |                   | (66,327)        |   |
| Total net assets                                                                                                                                                                | 565,141       |               |                   | 609,305    |   |
|                                                                                                                                                                                 |                    |               |                   |
| Total liabilities and net assets                                                                                                                                                | $                  | 948,770  |                   |                 | $ | 1,066,111  |  |
|                                                                                                                                                                                 |                    |               |                   |
| Net asset value per share                                                                                                                                                       | $                  | 7.10     |                   |                 | $ | 7.77       |  |

----

|                                                                                                |                    |              |                    |                  |                    |              |                    |  |   |                  |  |  |   |              |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|--------------------|--------------|--------------------|------------------|--------------------|--------------|--------------------|--|---|------------------|--|--|---|--------------|--|--|--|--|--|--|--|--|--|
|                                                                                           | Three Months Ended |              | Nine Months Ended  |
|                                                                                           | September 30, 2020 |              | September 30, 2019 |                  | September 30, 2020 |              | September 30, 2019 |
| INVESTMENT INCOME:                                                                         |               |              |               |                  |               |              |               |
| From non-control/non-affiliate investments:                                            |                    |              |                    |                  |                    |              |                    |
| Interest income                                                                                | $                  | 14,912  |                    |                  | $                  | 22,243  |                    |  | $ | 51,308      |  |  | $ | 69,040  |  |
| Fee income                                                                                     | 30            |              |                    | 325         |                    |              | 943           |  |   | 750         |  |
| Dividend income                                                                                | 121           |              |                    | (72)             |                    |              | 510           |  |   | 1,114       |  |
| From affiliate investments:                                                                |                    |              |                    |                  |                    |              |                    |
| Interest income                                                                                | 2,282         |              |                    | 2,514       |                    |              | 7,035         |  |   | 7,318       |  |
| Fee income                                                                                     | 33            |              |                    | 28          |                    |              | 97            |  |   | 90          |  |
| Dividend income                                                                                | 1,361         |              |                    | 1,001       |                    |              | 3,997         |  |   | 2,035       |  |
| From control investments:                                                                  |                    |              |                    |                  |                    |              |                    |
| Interest income                                                                                | 153           |              |                    | 161         |                    |              | 491           |  |   | 428         |  |
| Fee income                                                                                     | 20            |              |                    | 18          |                    |              | 59            |  |   | 53          |  |
| Dividend income                                                                                | 607           |              |                    | 1,598       |                    |              | 1,326         |  |   | 4,797       |  |
| Total investment income                                                                        | 19,519        |              |                    | 27,816      |                    |              | 65,766        |  |   | 85,625      |  |
| EXPENSES:                                                                                  |               |              |               |                  |               |              |               |
| Interest expense                                                                               | 4,000         |              |                    | 6,214       |                    |              | 13,503        |  |   | 19,942      |  |
| Base management and incentive fees                                                             | 4,701         |              |                    | 6,707       |                    |              | 14,325        |  |   | 20,796      |  |
| Internal administrative services expenses                                                      | 959           |              |                    | 735         |                    |              | 2,495         |  |   | 2,233       |  |
| Offering costs                                                                                 | 28            |              |                    | 94          |                    |              | 205           |  |   | 285         |  |
| Professional fees                                                                              | (106)              |              |                    | 114         |                    |              | 987           |  |   | 814         |  |
| Insurance                                                                                      | 103           |              |                    | 114         |                    |              | 310           |  |   | 210         |  |
| Other general and administrative                                                               | 806           |              |                    | 595         |                    |              | 1,911         |  |   | 1,651       |  |
| Expenses before fee and expense waivers                                                        | 10,491        |              |                    | 14,573      |                    |              | 33,736        |  |   | 45,931      |  |
| Waiver of incentive fees                                                                       | —       |              |                    | —     |                    |              | —       |  |   | —     |  |
| Waiver of internal administrative services expenses                                            | (959)              |              |                    | (735)            |                    |              | (2,495)            |  |   | (2,233)          |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| Total expenses, net of fee and expense waivers                                                 | 9,532         |              |                    | 13,838      |                    |              | 31,241        |  |   | 43,698      |  |
| Net investment income before taxes                                                             | 9,987         |              |                    | 13,978      |                    |              | 34,525        |  |   | 41,927      |  |
| Income tax expense, including excise tax                                                       | 97            |              |                    | 82          |                    |              | 192           |  |   | 241         |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| NET INVESTMENT INCOME                                                                          | 9,890         |              |                    | 13,896      |                    |              | 34,333        |  |   | 41,686      |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| NET REALIZED LOSS ON INVESTMENTS                                                               |               |              |               |                  |               |              |               |
| Non-Control/Non-Affiliate investments                                                      | (17,868)           |              |                    | (11,026)         |                    |              | (31,507)           |  |   | (12,098)         |  |
| Affiliate investments                                                                          | —       |              |                    | —     |                    |              | (4,054)            |  |   | (5,266)          |  |
| Control investments                                                                            | —       |              |                    | (35)             |                    |              | —       |  |   | (633)            |  |
| Total net realized loss on investments                                                         | (17,868)           |              |                    | (11,061)         |                    |              | (35,561)           |  |   | (17,997)         |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| NET REALIZED INCOME (LOSS)                                                                     | (7,978)            |              |                    | 2,835       |                    |              | (1,228)            |  |   | 23,689      |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS                            |               |              |               |                  |               |              |               |
| Non-Control/Non-Affiliate investments                                                      | 43,467        |              |                    | 2,579       |                    |              | (24,753)           |  |   | 755         |  |
| Affiliate investments                                                                          | 4,157         |              |                    | 237         |                    |              | 2,617         |  |   | 4,674       |  |
| Control investments                                                                            | 300           |              |                    | 112         |                    |              | (881)              |  |   | 7,241       |  |
| Total net change in unrealized appreciation (depreciation) on investments                      | 47,924        |              |                    | 2,928       |                    |              | (23,017)           |  |   | 12,670      |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS                                | $                  | 39,946  |                    |                  | $                  | 5,763   |                    |  | $ | (24,245)         |  |  | $ | 36,359  |  |
| PER SHARE INFORMATION - BASIC AND DILUTED                                                      |                    |              |                    |                  |                    |              |                    |
| NET INVESTMENT INCOME PER SHARE                                                                | $                  | 0.12    |                    |                  | $                  | 0.18    |                    |  | $ | 0.43        |  |  | $ | 0.53    |  |
| NET REALIZED INCOME (LOSS) PER SHARE                                                           | $                  | (0.11)       |                    |                  | $                  | 0.04    |                    |  | $ | (0.02)           |  |  | $ | 0.30    |  |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE (EARNINGS PER SHARE) | $                  | 0.50    |                    |                  | $                  | 0.07    |                    |  | $ | (0.31)           |  |  | $ | 0.46    |  |
|                                                                                                |                    |              |                    |                  |                    |              |                    |
| WEIGHTED AVERAGE SHARES OUTSTANDING – BASIC AND DILUTED                                  | 79,608,304    |              |                    | 78,794,751  |                    |              | 79,079,204    |  |   | 78,807,179  |  |

----

|                                                                                 |  |                    |               |                    |                  |                    |               |                    |  |   |                  |  |  |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------|--|--------------------|---------------|--------------------|------------------|--------------------|---------------|--------------------|--|---|------------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|                                                                                 |  | Three Months Ended |               | Nine Months Ended  |
|                                                                                 |  | September 30, 2020 |               | September 30, 2019 |                  | September 30, 2020 |               | September 30, 2019 |
| Change in Net Assets from Operations:                                       |  |                    |               |                    |                  |                    |               |                    |
| Net investment income                                                           |  | $                  | 9,890    |                    |                  | $                  | 13,896   |                    |  | $ | 34,333      |  |  | $ | 41,686   |  |
| Net realized loss on investments                                                |  | (17,868)           |               |                    | (11,061)         |                    |               | (35,561)           |  |   | (17,997)         |  |
| Net change in unrealized appreciation (depreciation) on investments             |  | 47,924        |               |                    | 2,928       |                    |               | (23,017)           |  |   | 12,670      |  |
| Net increase (decrease) in net assets resulting from operations                 |  | 39,946        |               |                    | 5,763       |                    |               | (24,245)           |  |   | 36,359      |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Change in Net Assets from Stockholders’ Distributions:                |  |                    |               |                    |                  |                    |               |                    |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Net decrease in net assets resulting from stockholders’ distributions     |  | —       |               |                    | (13,900)         |                    |               | (27,520)           |  |   | (41,260)         |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Change in Net Assets from Capital Share Transactions:                       |  |                    |               |                    |                  |                    |               |                    |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Reinvestment of stockholder distributions                                       |  | 1,920         |               |                    | 6,247       |                    |               | 13,695        |  |   | 18,982      |  |
| Repurchase of common stock                                                      |  | —       |               |                    | (6,382)          |                    |               | (6,094)            |  |   | (19,345)         |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Net increase (decrease) in net assets resulting from capital share transactions |  | 1,920         |               |                    | (135)            |                    |               | 7,601         |  |   | (363)            |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Total Increase (Decrease) in Net Assets                                         |  | 41,866        |               |                    | (8,272)          |                    |               | (44,164)           |  |   | (5,264)          |  |
| Net Assets at beginning of the period                                           |  | 523,275       |               |                    | 628,374     |                    |               | 609,305       |  |   | 625,366     |  |
| Net Assets at end of the period                                                 |  | $                  | 565,141  |                    |                  | $                  | 620,102  |                    |  | $ | 565,141     |  |  | $ | 620,102  |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| NAV per share at end of the period                                              |  | $                  | 7.10     |                    |                  | $                  | 7.90     |                    |  | $ | 7.10        |  |  | $ | 7.90     |  |
| Distributions declared per share                                                |  | $                  | —  |                    |                  | $                  | 0.17     |                    |  | $ | 0.35        |  |  | $ | 0.52     |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Common shares outstanding, beginning of the period                              |  | 79,317,628    |               |                    | 78,530,056  |                    |               | 78,463,377    |  |   | 78,584,824  |  |
|                                                                                 |  |                    |               |                    |                  |                    |               |                    |
| Issuance of common shares pursuant to distribution reinvestment plan            |  | 290,676       |               |                    | 773,449     |                    |               | 1,936,415     |  |   | 2,342,092   |  |
| Repurchase of common shares                                                     |  | —       |               |                    | (804,779)        |                    |               | (791,488)          |  |   | (2,428,190)      |  |
| Common shares outstanding, end of the period                                    |  | 79,608,304    |               |                    | 78,498,726  |                    |               | 79,608,304    |  |   | 78,498,726  |  |

----

|                                                                                                                                               |                                      |              |                                      |               |   |              |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------------|--------------------------------------|---------------|---|--------------|--|--|--|--|--|
|                                                                                                                                          | Nine Months Ended September 30, 2020 |              | Nine Months Ended September 30, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                          |                                 |              |                                 |
| Net increase (decrease) in net assets resulting from operations                                                                               | $                                    | (24,245)     |                                      |               | $ | 36,359  |  |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash generated from operating activities: |                                      |              |                                      |
| Principal repayments received and proceeds from sales of investments in portfolio companies                                                   | 147,792                         |              |                                      | 280,055  |   |
| Investments in portfolio companies                                                                                                            | (72,635)                             |              |                                      | (222,627)     |   |
| Net change in unrealized (appreciation) depreciation on portfolio investments                                                                 | 23,017                          |              |                                      | (12,670)      |   |
| Net realized loss on sale of portfolio investments                                                                                            | 35,561                          |              |                                      | 17,997   |   |
| Amortization of deferred financing costs                                                                                                      | 1,078                           |              |                                      | 1,011    |   |
| Amortization of deferred offering costs                                                                                                       | 205                             |              |                                      | 285      |   |
| Accretion of unearned income                                                                                                                  | (4,230)                              |              |                                      | (6,152)       |   |
| Payment-in-kind interest accrual                                                                                                              | (3,230)                              |              |                                      | (3,351)       |   |
| Changes in other assets and liabilities:                                                                                                  |                                      |              |                                 |
| Interest receivable                                                                                                                           | 171                             |              |                                      | (298)         |   |
|                                                                                                                                               |                                      |              |                                      |
| Prepaid and other assets                                                                                                                      | 1,560                           |              |                                      | 501      |   |
|                                                                                                                                               |                                      |              |                                      |
| Base management and incentive fees payable                                                                                                    | (690)                                |              |                                      | 852      |   |
| Due to affiliates                                                                                                                             | (39)                                 |              |                                      | 109      |   |
| Directors’ fees payable                                                                                                                 | 55                              |              |                                      | 6        |   |
| Accounts payable and other liabilities                                                                                                        | 364                             |              |                                      | 299      |   |
|                                                                                                                                               |                                      |              |                                      |
|                                                                                                                                               |                                      |              |                                      |
| Net cash generated from operating activities                                                                                                  | 104,734                         |              |                                      | 92,376   |   |
|                                                                                                                                               |                                      |              |                                      |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                                                          |                                 |              |                                 |
|                                                                                                                                               |                                      |              |                                      |
| Redemption of common stock                                                                                                                    | (6,094)                              |              |                                      | (19,345)      |   |
|                                                                                                                                               |                                      |              |                                      |
| Payment of offering costs                                                                                                                     | (205)                                |              |                                      | (285)         |   |
| Payment of stockholder distributions                                                                                                          | (18,494)                             |              |                                      | (22,433)      |   |
| Repayments on credit facilities payable                                                                                                       | (149,198)                            |              |                                      | (196,500)     |   |
| Proceeds from credit facilities payable                                                                                                       | 79,327                          |              |                                      | 145,500  |   |
|                                                                                                                                               |                                      |              |                                      |
| Payment of deferred financing costs                                                                                                           | (623)                                |              |                                      | —  |   |
| Net cash used in financing activities                                                                                                         | (95,287)                             |              |                                      | (93,063)      |   |
| Net increase (decrease) in cash, cash equivalents and restricted cash                                                                         | 9,447                           |              |                                      | (687)         |   |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT THE BEGINNING OF THE PERIOD                                                                     | 21,846                          |              |                                      | 21,757   |   |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD                                                                           | $                                    | 31,293  |                                      |               | $ | 21,070  |  |
|                                                                                                                                               |                                      |              |                                      |
| Supplemental cash flow disclosures:                                                                                                       |                                      |              |                                      |
| Cash paid for interest                                                                                                                        | $                                    | 12,294  |                                      |               | $ | 18,999  |  |
| Cash paid for income taxes                                                                                                                    | 795                             |              |                                      | 1,221    |   |
| Non-cash financing activities:                                                                                                            |                                      |              |                                      |
| Stockholder distributions declared and unpaid                                                                                                 | —                         |              |                                      | 4,521    |   |
| Stockholder distributions reinvested                                                                                                          | 13,695                          |              |                                      | 18,982   |   |
| Unpaid deferred financing costs                                                                                                               | 6                               |              |                                      | 8        |   |

----

|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |              |               |               |              |              |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------|----------------------|------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|---------------|---------------|-----------------|--------------|---------------|---------------|--------------|--------------|--|--|--|--|--|--|--|--|--|--|--|
| HMS Income Fund, Inc.                                                                                     |
| Condensed Consolidated Schedule of Investments                                                            |
| As of September 30, 2020                                                                                  |
| (dollars in thousands)                                                                                    |
| Portfolio Company (1) (3)                                                                                 | Investment Date (27) | Business Description                                                                                       | Type of Investment (2) (3)                                                                                                                              | Index Rate (22) | Principal (7) | Cost (7)      | Fair Value (26) |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Control Investments (6)                                                                                   |
| CTMH, LP (9) (15)                                                                                         | July 17, 2017        | Investment Partnership                                                                                     | LP Interests (CTMH, LP) (Fully diluted 38.8%)                                                                                                           | —         | $             | —  |                 | $            | 872      |               | $            | 872     |  |
| GRT Rubber Technologies, LLC (10) (13)                                                                    | December 19, 2014    | Manufacturer of Engineered Rubber Products                                                                 | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 7.16%, Secured Debt (Maturity - December 31, 2023) (8)                                                   | 1 month LIBOR   | 8,262    |               | 8,245      |              | 8,262    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (2,896 units) (16)                                                                                                                         | —         | —  |               | 6,435      |              | 22,374   |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 14,680   |                 | 30,636  |               |
| Harris Preston Fund Investments (9) (15)                                                                  | August 9, 2017       | Investment Partnership                                                                                     | LP Interests (2717 MH, LP) (Fully diluted 49.3%)                                                                                                        | —         | —  |               | 2,735      |              | 3,277    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Subtotal Control Investments (6) (4% of total investments at fair value)                                  |                      |                                                                                                            | $                                                                                                                                                       | 18,287     |               | $             | 34,785     |              |
| Affiliate Investments (4)                                                                                 |
| AFG Capital Group, LLC (10) (13)                                                                          | November 7, 2014     | Provider of Rent-to-Own Financing Solutions and Services                                                   | 10.00% Secured Debt (Maturity - May 25, 2022) (14)                                                                                                      | None            | $             | 144      |                 | $            | 144      |               | $            | 144     |  |
|                                                                                                           |                      |                                                                                                            | Member Units (46 units)                                                                                                                                 | —         | —  |               | 300        |              | 1,340    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 444      |                 | 1,484   |               |
| Analytical Systems Keco, LLC (10) (13)                                                                    | February 26, 2018    | Manufacturer of Liquid and Gas Analyzers                                                                   | LIBOR Plus 10.00% (Floor 2.00%), Current Coupon 12.00%, Secured Debt (Maturity - August 16, 2024) (8)                                                   | 1 month LIBOR   | 1,306    |               | 1,184      |              | 1,189    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (800 units)                                                                                                                      | —         | —  |               | 800        |              | 800      |               |
|                                                                                                           |                      |                                                                                                            | Warrants (105 Equivalent Shares; Expiration - August 16, 2029; Strike Price - $0.01 per Share)                                                  | —         | —  |               | 79         |              | 88       |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 2,063    |                 | 2,077   |               |
| Brewer Crane Holdings, LLC (10) (13)                                                                      | January 9, 2018      | Provider of Crane Rental and Operating Services                                                            | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 11.00%, Secured Debt (Maturity - January 9, 2023) (8)                                                   | 1 month LIBOR   | 2,170    |               | 2,147      |              | 2,147    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (737 units) (16)                                                                                                                 | —         | —  |               | 1,070      |              | 1,403    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 3,217    |                 | 3,550   |               |
| Centre Technologies Holdings, LLC (10) (13)                                                               | January 4, 2019      | Provider of IT Hardware Services and Software Solutions                                                    | LIBOR Plus 10.00% (Floor 2.00%), Current Coupon 12.00%, Secured Debt (Maturity - January 4, 2024) (8)                                                   | 1 month LIBOR   | 2,945    |               | 2,898      |              | 2,902    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (3,174 units)                                                                                                                    | —         | —  |               | 1,460      |              | 1,515    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 4,358    |                 | 4,417   |               |
| Chamberlin Holding, LLC (10) (13)                                                                         | February 26, 2018    | Roofing and Waterproofing Specialty Subcontractor                                                          | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 11.00%, Secured Debt (Maturity - February 24, 2023) (8)                                                 | 1 month LIBOR   | 3,993    |               | 3,925      |              | 3,993    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (1,087 units) (16)                                                                                                                         | —         | —  |               | 2,860      |              | 7,001    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (Chamberlin Langfield Real Estate, LLC) (1 unit) (16)                                                                                      | —         | —  |               | 262        |              | 230      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 7,047    |                 | 11,224  |               |
| Charlotte Russe, Inc.                                                                                     | July 14, 2014        | Fast-Fashion Retailer to Young Women                                                                       | Common Stock (14,973 shares)                                                                                                                            | —         | —  |               | 2,470      |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Charps, LLC (10) (13)                                                                                     | February 3, 2017     | Pipeline Maintenance and Construction                                                                      | 15.00% Secured Debt (Maturity - June 5, 2022) (14)                                                                                                      | None            | 462      |               | 462        |              | 462      |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (400 units) (16)                                                                                                                 | —         | —  |               | 100        |              | 2,350    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 562      |                 | 2,812   |               |
| Clad-Rex Steel, LLC (10) (13)                                                                             | December 20, 2016    | Specialty Manufacturer of Vinyl-Clad Metal                                                                 | LIBOR Plus 9.50% (Floor 1.00%), Current Coupon 10.50%, Secured Debt (Maturity - December 20, 2021) (8)                                                  | 1 month LIBOR   | 2,720    |               | 2,703      |              | 2,703    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (179 units) (16)                                                                                                                           | —         | —  |               | 1,820      |              | 2,153    |               |
|                                                                                                           |                      |                                                                                                            | 10.00% Secured Debt (Clad-Rex Steel RE Investor, LLC) (Maturity - December 19, 2036)                                                                    | None            | 280      |               | 277        |              | 277      |               |
|                                                                                                           |                      |                                                                                                            | Member Units (Clad-Rex Steel RE Investor, LLC) (200 units)                                                                                              | —         | —  |               | 53         |              | 115      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 4,853    |                 | 5,248   |               |
| Cody Pools Holdings, LLC (10) (13)                                                                        | March 6, 2020        | Designer of Residential and Commercial Pools                                                               | LIBOR Plus 10.50% (Floor 1.75%), Current Coupon 12.25%, Secured Debt (Maturity - March 6, 2025) (8)                                                     | 1 Month LIBOR   | 3,900    |               | 3,824      |              | 3,900    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (147 units)                                                                                                                      | —         | —  |               | 2,079      |              | 2,961    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 5,903    |                 | 6,861   |               |
| Copper Trail Energy Fund I, LP (9) (15) (16)                                                              | July 17, 2017        | Investment Partnership                                                                                     | LP Interests (Copper Trail Energy Fund I, LP) (Fully diluted 12.4%)                                                                                     | —         | —  |               | 2,161      |              | 1,854    |               |
| Digital Products Holdings LLC (10) (13)                                                                   | April 2, 2018        | Designer and Distributor of Consumer Electronics                                                           | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 11.00%, Secured Debt (Maturity - March 31, 2023) (8)                                                    | 1 month LIBOR   | $             | 4,625    |                 | $            | 4,569    |               | $            | 4,505   |  |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (964 units) (16)                                                                                                                 | —         | —  |               | 2,375      |              | 1,727    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 6,944    |                 | 6,232   |               |
| Direct Marketing Solutions, Inc. (10) (13)                                                                | February 13, 2018    | Provider of Omni-Channel Direct Marketing Services                                                         | LIBOR Plus 11.00% (Floor 1.00%), Current Coupon 12.00%, Secured Debt (Maturity - February 13, 2023) (8)                                                 | 1 month LIBOR   | 3,772    |               | 3,709      |              | 3,772    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (2,100 shares)                                                                                                                          | —         | —  |               | 2,100      |              | 5,015    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 5,809    |                 | 8,787   |               |
| Freeport Financial Funds (9) (15)                                                                         | July 31, 2015        | Investment Partnership                                                                                     | LP Interests (Freeport First Lien Loan Fund III, LP) (Fully diluted 6.00%) (16)                                                                         | —         | —  |               | 10,785     |              | 10,321   |               |
| Gamber-Johnson Holdings, LLC (10) (13)                                                                    | June 24, 2016        | Manufacturer of Ruggedized Computer Mounting Systems                                                       | LIBOR Plus 6.50% (Floor 2.00%), Current Coupon 8.50%, Secured Debt (Maturity - June 24, 2021) (8)                                                       | 1 month LIBOR   | 4,960    |               | 4,920      |              | 4,960    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (2,155 units) (16)                                                                                                                         | —         | —  |               | 3,711      |              | 13,311   |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 8,631    |                 | 18,271  |               |
| Gulf Publishing Holdings, LLC (10) (13)                                                                   | April 29, 2016       | Energy Industry Focused Media and Publishing                                                               | 6.25% Current / 6.25% PIK, Secured Debt (Maturity - April 29, 2021)                                                                                 | None            | 3,218    |               | 3,207      |              | 2,941    |               |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 9.50% (Floor 1.00%), Current Coupon 5.25% / 5.25% PIK, Current Coupon Plus PIK 10.50%, Secured Debt (Maturity - September 30, 2020) (8)  | 1 month LIBOR   | 61       |               | 61         |              | 61       |               |
|                                                                                                           |                      |                                                                                                            | Member Units (920 units)                                                                                                                                | —         | —  |               | 920        |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 4,188    |                 | 3,002   |               |
| Harris Preston Fund Investments (9) (15)                                                                  | September 19, 2017   | Investment Partnership                                                                                     | LP Interests (HPEP 3, LP) (Fully diluted 8.20%)                                                                                                         | —         | —  |               | 3,071      |              | 3,071    |               |
| Hawk Ridge Systems, LLC (9) (10) (13)                                                                     | December 2, 2016     | Value-Added Reseller of Engineering Design and Manufacturing Solutions                                     | 11.00% Secured Debt (Maturity - December 2, 2021)                                                                                                       | None            | 3,350    |               | 3,330      |              | 3,350    |               |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - December 2, 2021) (8)                                                    | 1 month LIBOR   | 246      |               | 248        |              | 248      |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (56 units) (16)                                                                                                                  | —         | —  |               | 713        |              | 2,008    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (HRS Services, ULC) (56 units)                                                                                                   | —         | —  |               | 38         |              | 105      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 4,329    |                 | 5,711   |               |
| J&J Services, Inc. (10) (13)                                                                          | October 31, 2019     | Provider of Dumpster and Portable Toilet Rental Services                                                   | 11.50% Secured Debt (Maturity - October 31, 2024)                                                                                                       | None            | 3,600    |               | 3,541      |              | 3,600    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (696.15 shares)                                                                                                                         | —         | —  |               | 1,771      |              | 2,979    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 5,312    |                 | 6,579   |               |
| Kickhaefer Manufacturing Company, LLC (10) (13)                                                           | October 31, 2018     | Precision Metal Parts Manufacturing                                                                        | 9.50% Current / 2.00% PIK Secured Debt (Maturity - October 31, 2023)                                                                                | None            | 5,893    |               | 5,773      |              | 5,776    |               |
|                                                                                                           |                      |                                                                                                            | 9.00% Secured Debt (Maturity October 31, 2048)                                                                                                          | None            | 990      |               | 980        |              | 980      |               |
|                                                                                                           |                      |                                                                                                            | Member Units (145 units)                                                                                                                                | —         | —  |               | 3,060      |              | 3,039    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (KMC RE Investor, LLC) (200 units) (16)                                                                                                    | —         | —  |               | 248        |              | 290      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 10,061   |                 | 10,085  |               |
| Market Force Information, Inc. (10) (13)                                                                  | July 28, 2017        | Provider of Customer Experience Management Services                                                        | 12.00% PIK Secured Debt (Maturity - July 28, 2023) (18)                                                                                                 | —         | 6,519    |               | 6,463      |              | 3,429    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (185,980 units)                                                                                                                            | —         | —  |               | 4,160      |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 10,623   |                 | 3,429   |               |
| M.H. Corbin Holding LLC (10) (13)                                                                         | August 31, 2015      | Manufacturer and Distributor of Traffic Safety Products                                                    | 13.00% Secured Debt (Maturity - March 15, 2022)                                                                                                         | None            | 2,163    |               | 2,146      |              | 2,150    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (16,500 units)                                                                                                                   | —         | —  |               | 1,100      |              | 740      |               |
|                                                                                                           |                      |                                                                                                            | Common Units (1,000 units)                                                                                                                              | —         | —  |               | 1,500      |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 4,746    |                 | 2,890   |               |
| Mystic Logistics Holdings, LLC (10) (13)                                                                  | August 18, 2014      | Logistics and Distribution Services Provider for Large Volume Mailers                                      | 12.00% Secured Debt (Maturity - January 17, 2022)                                                                                                       | None            | 1,683    |               | 1,682      |              | 1,681    |               |
|                                                                                                           |                      |                                                                                                            | Common Stock (1,468 shares)                                                                                                                             | —         | —  |               | 680        |              | 2,543    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 2,362    |                 | 4,224   |               |
| NexRev, LLC (10) (13)                                                                                     | February 28, 2018    | Provider of Energy Efficiency Products & Services                                                      | 11.00% PIK Secured Debt (Maturity - February 28, 2023)                                                                                                  | None            | $             | 4,328    |                 | $            | 4,277    |               | $            | 4,150   |  |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (21,600,000 units) (16)                                                                                                          | —         | —  |               | 1,720      |              | 237      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 5,997    |                 | 4,387   |               |
| NuStep, LLC (10) (13)                                                                                     | January 31, 2017     | Designer, Manufacturer and Distributor of Fitness Equipment                                                | 12.00% Secured Debt (Maturity - January 31, 2022)                                                                                                       | None            | 4,910    |               | 4,880      |              | 4,880    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (102 units)                                                                                                                      | —         | —  |               | 2,550      |              | 2,550    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 7,430    |                 | 7,430   |               |
| SI East, LLC (10) (13)                                                                                    | August 31, 2018      | Rigid Industrial Packaging Manufacturing                                                                   | 9.50% Secured Debt (Maturity - August 31, 2023)                                                                                                         | None            | 10,988   |               | 10,875     |              | 10,988   |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (52 units) (16)                                                                                                                  | —         | —  |               | 2,000      |              | 3,239    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 12,875   |                 | 14,227  |               |
| Tedder Acquisition, LLC (10) (13)                                                                         | August 31, 2018      | Manufacturer of Firearm Holsters and Accessories                                                           | 12.00% Secured Debt (Maturity - August 31, 2023)                                                                                                        | None            | 4,260    |               | 4,177      |              | 4,177    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (120 units)                                                                                                                      | —         | —  |               | 2,034      |              | 2,034    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 6,211    |                 | 6,211   |               |
| Trantech Radiator Topco, LLC (10) (13)                                                                    | August 31, 2018      | Transformer Cooling Products and Services                                                                  | 12.00% Secured Debt (Maturity - May 31, 2024)                                                                                                           | None            | 2,180    |               | 2,119      |              | 2,180    |               |
|                                                                                                           |                      |                                                                                                            | Common Stock (154 shares) (16)                                                                                                                          | —         | —  |               | 1,164      |              | 1,941    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 3,283    |                 | 4,121   |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Subtotal Affiliate Investments (4) (18% of total investments at fair value)                               |                      |                                                                                                            | $                                                                                                                                                       | 145,735    |               | $             | 158,505    |              |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Non-Control/Non-Affiliate Investments (5)                                                             |
| AAC Holdings Inc. (8)                                                                                     | July 10, 2017        | Substance Abuse Treatment Service Provider                                                                 | LIBOR Plus 9.75% (Floor 1.00%), Current Coupon 13.00%, Secured Debt (Maturity - June 30, 2023) (18)                                                     | 3 month LIBOR   | $             | 14,450   |                 | $            | 14,129   |               | $            | 6,454   |  |
|                                                                                                           |                      |                                                                                                            | PRIME Plus 10.00% (Floor 1.00%), Current Coupon 13.25%, Secured Debt (Maturity - March 31, 2021)                                                        | PRIME           | 3,121    |               | 2,967      |              | 2,887    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 17,096   |                 | 9,341   |               |
| Adams Publishing Group, LLC (8) (11)                                                                      | November 19, 2015    | Local Newspaper Operator                                                                                   | LIBOR Plus 7.00% (Floor 1.75%), Current Coupon 8.75%, Secured Debt (Maturity - July 3, 2023)                                                            | 1 month LIBOR   | 6,082    |               | 5,944      |              | 5,938    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| ADS Tactical, Inc. (8) (11)                                                                               | December 30, 2016    | Value-Added Logistics and Supply Chain Solutions Provider to the Defense Industry                          | LIBOR Plus 6.25% (Floor 0.75%), Current Coupon 7.00%, Secured Debt (Maturity - July 26, 2023)                                                           | 3 month LIBOR   | 15,701   |               | 15,754     |              | 15,701   |               |
| Aethon United BR, LP (8) (11)                                                                             | September 8, 2017    | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 6.75% (Floor 1.00%), Current Coupon 7.75%, Secured Debt (Maturity - September 8, 2023) (14)                                                  | 1 month LIBOR   | 7,000    |               | 6,934      |              | 6,678    |               |
| American Nuts, LLC (8) (11)                                                                               | April 10, 2018       | Roaster, Mixer and Packager of Bulk Nuts and Seeds                                                         | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 9.00%, Secured Debt (Maturity - April 10, 2023)                                                          | 3 month LIBOR   | 12,157   |               | 11,920     |              | 11,889   |               |
| American Teleconferencing Services, Ltd. (8)                                                              | May 19, 2016         | Provider of Audio Conferencing and Video Collaboration Solutions                                           | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 7.50%, Secured Debt (Maturity - June 8, 2023)                                                            | 3 month LIBOR   | 14,130   |               | 13,776     |              | 9,432    |               |
| American Trailer Rental Group LLC (10) (13)                                                               | June 7, 2017         | Provider of Short Term Trailer and Container Rental                                                        | Member Units (Milton Meisler Holdings, LLC) (18,373 units)                                                                                              | —         | —  |               | 2,149      |              | 3,387    |               |
| APTIM Corp                                                                                                | August 17, 2018      | Engineering, Construction and Procurement                                                                  | 7.75% Secured Debt (Maturity - June 15, 2025)                                                                                                           | None            | 6,952    |               | 6,330      |              | 3,615    |               |
| Arcus Hunting, LLC (8) (11)                                                                               | January 6, 2015      | Manufacturer of Bowhunting and Archery Products and Accessories                                            | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 11.00%, Secured Debt (Maturity - March 31, 2021)                                                        | 1 month LIBOR   | 6,829    |               | 6,797      |              | 6,829    |               |
| ASC Ortho Management Company, LLC (11)                                                                    | August 31, 2018      | Provider of Orthopedic Services                                                                            | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 8.50%, Secured Debt (Maturity - August 31, 2023) (8)                                                     | 3 month LIBOR   | 5,235    |               | 5,175      |              | 5,052    |               |
|                                                                                                           |                      |                                                                                                            | 13.25% PIK Secured Debt (Maturity - December 1, 2023) (14)                                                                                              | None            | 1,980    |               | 1,941      |              | 1,978    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 7,116    |                 | 7,030   |               |
| ATX Networks Corp. (8) (9)                                                                                | July 15, 2015        | Provider of Radio Frequency Management Equipment                                                           | LIBOR Plus 5.25% (Floor 1.00%), Current Coupon 6.25% / 1.00% PIK, Current Coupon Plus PIK 7.25%, Secured Debt (Maturity - December 31, 2023)        | 3 month LIBOR   | 13,514   |               | 13,408     |              | 12,365   |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| BarFly Ventures, LLC (11)                                                                                 | August 31, 2015      | Casual Restaurant Group                                                                                    | 12.00% Secured Debt (Maturity - August 31, 2020) (18)                                                                                                   | None            | $             | 3,395    |                 | $            | 3,386    |               | $            | 370     |  |
|                                                                                                           |                      |                                                                                                            | 9.00% PIK Secured Debt (Maturity - March 23, 2021) (18)                                                                                                 | None            | 37       |               | 37         |              | 37       |               |
|                                                                                                           |                      |                                                                                                            | Warrants (.410 equivalent units, Expiration - August 31, 2025)                                                                                          | —         | —  |               | 158        |              | —  |               |
|                                                                                                           |                      |                                                                                                            | Options (.99 equivalent units)                                                                                                                          | —         | —  |               | 202        |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 3,783    |                 | 407     |               |
| BBB Tank Services, LLC (10) (13)                                                                          | April 8, 2016        | Maintenance, Repair and Construction Services to the Above-Ground Storage Tank Market                      | LIBOR Plus 11.00% (Floor 1.00%), Current Coupon 12.00%, Secured Debt (Maturity - April 8, 2021) (8)                                                     | 1 month LIBOR   | 1,200    |               | 1,200      |              | 1,177    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (32,758 units)                                                                                                                          | —         | —  |               | 33         |              | 36       |               |
|                                                                                                           |                      |                                                                                                            | Member Units (200,000 units) (16)                                                                                                                       | —         | —  |               | 200        |              | 53       |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 1,433    |                 | 1,266   |               |
| Berry Aviation, Inc. (11)                                                                                 | July 6, 2018         | Airline Charter Service Operator                                                                           | 10.50% Current / 1.50% PIK, Secured Debt (Maturity - January 6, 2024) (14)                                                                          | None            | 4,600    |               | 4,554      |              | 4,600    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (Berry Acquisition, LLC) (1,548,387 units, 8.00% cumulative)                                                                     | —         | —       | 1,548    |                 | 804     |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (Berry Acquisition, LLC) (122,416 units, 16.00% cumulative)                                                                      | —         | —       | 122      |                 | 140     |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 6,224    |                 | 5,544   |               |
| BigName Commerce, LLC (8) (11)                                                                            | May 11, 2017         | Provider of Envelopes and Complimentary Stationery Products                                                | LIBOR Plus 7.25% (Floor 1.00%), Current Coupon 8.25%, Secured Debt (Maturity - May 11, 2022)                                                            | 1 month LIBOR   | 2,084    |               | 2,075      |              | 1,988    |               |
| Binswanger Enterprises, LLC (11)                                                                          | March 10, 2017       | Glass Repair and Installation Service Provider                                                             | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 9.50%, Secured Debt (Maturity - March 9, 2022) (8)                                                       | 3 month LIBOR   | 13,152   |               | 12,957     |              | 13,152   |               |
|                                                                                                           |                      |                                                                                                            | Member Units (1,050,000 units)                                                                                                                          | —         | —  |               | 1,050      |              | 670      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 14,007   |                 | 13,822  |               |
| BLST Operating Company, LLC                                                                               | December 19, 2013    | Multi-Channel Retailer of General Merchandise                                                              | LIBOR Plus 8.50% (Floor 1.50%), Current Coupon 10.00%, Secured Debt (Maturity - August 28, 2025) (8)                                                    | 3 month LIBOR   | 6,304    |               | 6,304      |              | 6,304    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (700,447 units)                                                                                                                            | —         | —  |               | —    |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 6,304    |                 | 6,304   |               |
| Boccella Precast Products, LLC (10) (13)                                                                  | June 30, 2017        | Manufacturer of Precast Hollow Core Concrete                                                               | Member Units (564,000 units) (16)                                                                                                                       | —         | —  |               | 564        |              | 1,400    |               |
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| Brightwood Capital Fund Investments (9) (15)                                                              | December 31, 2014    | Investment Partnership                                                                                     | LP Interests (Brightwood Capital Fund III, LP) (Fully diluted 0.60%) (16)                                                                               | —         | —  |               | 3,735      |              | 2,760    |               |
|                                                                                                           |                      |                                                                                                            | LP Interests (Brightwood Capital Fund IV, LP) (Fully diluted 1.20%) (16)                                                                                | —         | —  |               | 9,537      |              | 8,769    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 13,272   |                 | 11,529  |               |
| Buca C, LLC (10) (13)                                                                                     | June 30, 2015        | Casual Restaurant Group                                                                                    | LIBOR Plus 9.25% (Floor 1.00%), Current Coupon 10.25%, Secured Debt (Maturity - June 30, 2020) (8)                                                      | 1 month LIBOR   | 12,670   |               | 12,670     |              | 11,656   |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (4 units, 6.00% cumulative) (16)                                                                                                 | —         | —  |               | 3,040      |              | 511      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 15,710   |                 | 12,167  |               |
| Cadence Aerospace, LLC (8) (11)                                                                           | November 14, 2017    | Aerospace Manufacturing                                                                                    | LIBOR Plus 3.25% (Floor 1.00%), Current Coupon 4.25% / 5.25% PIK, Current Coupon Plus PIK 9.50%, Secured Debt (Maturity - November 14, 2023)        | 3 month LIBOR   | 19,432   |               | 19,267     |              | 18,422   |               |
| CAI Software, LLC (10) (13)                                                                               | October 10, 2014     | Provider of Specialized Enterprise Resource Planning Software                                              | 12.50% Secured Debt (Maturity - December 7, 2023)                                                                                                       | None            | 2,123    |               | 2,141      |              | 2,123    |               |
|                                                                                                           |                      |                                                                                                            | Member Units (16,742 units) (16)                                                                                                                        | —         | —  |               | 188        |              | 1,400    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 2,329    |                 | 3,523   |               |
| Cenveo Corporation                                                                                        | September 4, 2015    | Provider of Digital Marketing Agency Services                                                              | LIBOR Plus 9.50% (Floor 1.00%), Current Coupon 10.50%, Secured Debt (Maturity - June 7, 2023) (8)                                                       | 3 month LIBOR   | 4,269    |               | 4,057      |              | 4,045    |               |
|                                                                                                           |                      |                                                                                                            | Common Stock (138,889 shares)                                                                                                                           | —         | —  |               | 4,163      |              | 2,066    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 8,220    |                 | 6,111   |               |
| Chisholm Energy Holdings, LLC (8) (11)                                                                    | November 14, 2017    | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 6.25% (Floor 1.50%), Current Coupon 7.75%, Secured Debt (Maturity - May 15, 2026) (14)                                                       | 3 month LIBOR   | 3,571    |               | 3,485      |              | 3,404    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Clarius BIGS, LLC (11)                                                                                    | September 23, 2014   | Prints & Advertising Film Financing                                                                    | 15.00% PIK Secured Debt (Maturity - January 5, 2015) (18)                                                                                               | None            | $             | 2,089    |                 | $            | 1,831    |               | $            | 23      |  |
|                                                                                                           |                      |                                                                                                            | 20.00% PIK Secured Debt (Maturity - January 5, 2015) (18)                                                                                               | None            | 760      |               | 667        |              | 8        |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 2,498    |                 | 31      |               |
| Classic H&G Holdings, LLC (10) (13)                                                                   | March 12, 2020       | Provider of Engineered Packaging Solutions                                                                 | 12.00% Secured Debt (Maturity - March 12, 2025)                                                                                                         | None            | 6,200    |               | 6,025      |              | 6,200    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (38.52 units) (16)                                                                                                               | —         | —  |               | 1,440      |              | 2,137    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 7,465    |                 | 8,337   |               |
| Clickbooth.com, LLC (8) (11)                                                                              | December 5, 2017     | Provider of Digital Advertising Performance Marketing Solutions                                            | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 9.50%, Secured Debt (Maturity - January 31, 2025)                                                        | 3 month LIBOR   | 8,357    |               | 8,231      |              | 8,357    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Construction Supply Investments, LLC (11)                                                                 | December 30, 2016    | Distribution Platform of Specialty Construction Materials to Professional Concrete and Masonry Contractors | Member Units (87,914 units)                                                                                                                             | —         | —  |               | 5,637      |              | 8,129    |               |
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|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Corel Corporation (8) (9)                                                                                 | July 13, 2020        | Publisher of Desktop and Cloud-Based Software                                                              | LIBOR plus 5.00%, (Floor 0.00%), Current Coupon 5.26%, Secured Debt (Maturity - July 2, 2026)                                                           | 3 month LIBOR   | 1,975    |               | 1,874      |              | 1,928    |               |
| CTVSH, PLLC (8) (11) (13)                                                                                 | August 3, 2017       | Emergency Care and Specialty Service Animal Hospital                                                       | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 8.50%, Secured Debt (Maturity - August 3, 2022)                                                          | 1 month LIBOR   | 2,312    |               | 2,291      |              | 2,312    |               |
| Datacom, LLC (10) (13)                                                                                    | May 30, 2014         | Technology and Telecommunications Provider                                                                 | 10.50% PIK Secured Debt (Maturity - May 31, 2021) (18)                                                                                                  | None            | 1,376    |               | 1,369      |              | 1,116    |               |
|                                                                                                           |                      |                                                                                                            | 8.00% Secured Debt (Maturity - May 31, 2021) (18)                                                                                                       | None            | 200      |               | 200        |              | 179      |               |
|                                                                                                           |                      |                                                                                                            | Class A Preferred Member Units (1,676 units)                                                                                                            | —         | —  |               | 144        |              | —  |               |
|                                                                                                           |                      |                                                                                                            | Class B Preferred Member Units (717 units)                                                                                                              | —         | —  |               | 670        |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 2,383    |                 | 1,295   |               |
| Digital River, Inc. (8)                                                                                   | February 24, 2015    | Provider of Outsourced e-Commerce Solutions and Services                                                   | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 8.00%, Secured Debt (Maturity - February 12, 2023)                                                       | 3 month LIBOR   | 8,377    |               | 8,251      |              | 8,336    |               |
| DTE Enterprises, LLC (11)                                                                                 | April 13, 2018       | Industrial Powertrain Repair and Services                                                                  | LIBOR Plus 7.50% (Floor 1.50%), Current Coupon 9.00%, Secured Debt (Maturity - April 13, 2023) (8)                                                      | 3 month LIBOR   | 10,992   |               | 10,865     |              | 10,992   |               |
|                                                                                                           |                      |                                                                                                            | Class AA Preferred Member Units (non-voting)                                                                                                            | —         | —  |               | 903        |              | 927      |               |
|                                                                                                           |                      |                                                                                                            | Class A Preferred Member Units (776,316 units)                                                                                                          | —         | —  |               | 776        |              | 1,260    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 12,544   |                 | 13,179  |               |
| Dynamic Communities, LLC  (8) (11)                                                                        | July 17, 2018        | Developer of Business Events and Online Community Groups                                                   | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 9.50%, Secured Debt (Maturity - July 17, 2023)                                                           | 3 month LIBOR   | 5,320    |               | 5,254      |              | 5,107    |               |
| Epic Y-Grade Services, LP (8)                                                                             | June 25, 2018        | NGL Transportation & Storage                                                                           | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - June 13, 2024)                                                           | 3 month LIBOR   | 6,944    |               | 6,851      |              | 5,694    |               |
| GoWireless Holdings, Inc. (8)                                                                             | January 10, 2018     | Provider of Wireless Telecommunications Carrier Services                                                   | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 7.50%, Secured Debt (Maturity - December 22, 2024)                                                       | 3 month LIBOR   | 14,290   |               | 14,198     |              | 13,673   |               |
| GS Operating, LLC (8) (11)                                                                                | February 24, 2020    | Distributor of Industrial and Specialty Parts                                                              | LIBOR Plus 6.50% (Floor 1.50%), Current Coupon 8.00%, Secured Debt (Maturity - February 24, 2025)                                                       | 3 month LIBOR   | 12,537   |               | 12,216     |              | 12,010   |               |
| HDC/HW Intermediate Holdings, LLC (8) (11)                                                            | December 21, 2018    | Managed Services and Hosting Provider                                                                      | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 8.50%, Secured Debt (Maturity - December 21, 2023)                                                       | 3 month LIBOR   | 1,954    |               | 1,927      |              | 1,833    |               |
| Hoover Group, Inc. (8) (9) (11)                                                                           | October 21, 2016     | Provider of Storage Tanks and Related Products to the Energy and Petrochemical Markets                     | LIBOR Plus 7.25% (Floor 1.00%), Current Coupon 8.25%, Secured Debt (Maturity - January 28, 2021)                                                        | 3 month LIBOR   | 14,431   |               | 14,291     |              | 14,431   |               |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 7.25% (Floor 0.00%), Current Coupon 7.51%, Secured Debt (Maturity - January 28, 2021)                                                        | 3 month LIBOR   | 7,500    |               | 7,447      |              | 7,500    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 21,738   |                 | 21,931  |               |
| Hunter Defense Technologies, Inc. (8) (11)                                                                | March 29, 2018       | Provider of Military and Commercial Shelters and Systems                                                   | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 8.00%, Secured Debt (Maturity - March 29, 2023)                                                          | 3 month LIBOR   | 16,823   |               | 16,641     |              | 16,823   |               |
| HW Temps LLC (10) (13)                                                                                    | July 2, 2015         | Temporary Staffing Solutions                                                                               | 12.00% Secured Debt (Maturity - March 29, 2023)                                                                                                         | None            | 2,480    |               | 2,447      |              | 2,230    |               |
| Hydrofarm Holdings, LLC (8) (11)                                                                          | May 18, 2017         | Wholesaler of Horticultural Products                                                                       | LIBOR Plus 8.50%, Current Coupon 8.65%, Secured Debt (Maturity - May 12, 2022)                                                                          | 1 month LIBOR   | $             | 6,866    |                 | $            | 6,799    |               | $            | 5,816   |  |
| Hyperion Materials & Technologies, Inc. (8) (9)                                                       | September 12, 2019   | Manufacturer of Cutting and Machine Tools & Specialty Polishing Compounds                              | LIBOR Plus 5.50% (Floor 1.00%), Current Coupon 6.50%, Secured Debt (Maturity - August 28, 2026)                                                         | 3 month LIBOR   | 7,444    |               | 7,312      |              | 6,923    |               |
| iEnergizer Limited (8) (9) (11)                                                                           | May 8, 2013          | Provider of Business Outsourcing Solutions                                                                 | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - April 17, 2024)                                                          | 1 month LIBOR   | 10,675   |               | 10,595     |              | 10,675   |               |
| Implus Footcare, LLC (8) (11)                                                                             | June 1, 2017         | Provider of Footwear and Related Accessories                                                               | LIBOR Plus 2.50% (Floor 1.00%), Current Coupon 3.50% / PIK 5.25%, Current Coupon Plus PIK 8.75%, Secured Debt (Maturity - April 30, 2024)           | 3 month LIBOR   | 17,307   |               | 17,025     |              | 15,852   |               |
| Independent Pet Partners Intermediate Holdings, LLC (11)                                                  | November 20, 2018    | Omnichannel Retailer of Specialty Pet Products                                                             | LIBOR Plus 9.00% (Floor 1.00%), Current Coupon 11.31%, Secured Debt (Maturity - November 19, 2023) (8) (18)                                             | 6 month LIBOR   | 14,922   |               | 14,561     |              | 11,072   |               |
|                                                                                                           |                      |                                                                                                            | Member Units (1,191,667 units)                                                                                                                          | —         | —  |               | 1,192      |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 15,753   |                 | 11,072  |               |
| Industrial Services Acquisitions, LLC (11)                                                                | June 17, 2016        | Industrial Cleaning Services                                                                               | 6.00% Current / 7.00% PIK, Current Coupon 13.00%, Unsecured Debt (Maturity - December 17, 2022) (17)                                                | None            | 12,665   |               | 12,642     |              | 12,665   |               |
|                                                                                                           |                      |                                                                                                            | Member Units (Industrial Services Investments, LLC) (336 units; 10.00% cumulative)                                                                  | —         | —  |               | 202        |              | 202      |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (Industrial Services Investments, LLC) (187 units, 20.00% cumulative)                                                            | —         | —  |               | 124        |              | 124      |               |
|                                                                                                           |                      |                                                                                                            | Member Units (Industrial Services Investments, LLC) (2,100 units)                                                                                       | —         | —  |               | 2,100      |              | 1,237    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 15,068   |                 | 14,228  |               |
| Interface Security Systems, L.L.C. (8) (11)                                                               | May 18, 2017         | Commercial Security and Alarm Services                                                                     | LIBOR Plus 7.00% (Floor 1.75%), Current Coupon 8.75% / 3.00% PIK, Current Coupon Plus PIK 11.75%, Secured Debt (Maturity - August 7, 2023)          | 3 month LIBOR   | 7,615    |               | 7,502      |              | 7,615    |               |
| Intermedia Holdings, Inc. (8)                                                                             | August 13, 2018      | Unified Communications as a Service                                                                        | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - July 19, 2025)                                                           | 1 month LIBOR   | 3,489    |               | 3,464      |              | 3,478    |               |
| Invincible Boat Company, LLC (8) (11)                                                                     | May 18, 2017         | Manufacturer of Sport Fishing Boats                                                                        | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.00%, Secured Debt (Maturity - August 28, 2025)                                                         | 3 month LIBOR   | 9,263    |               | 9,174      |              | 9,049    |               |
| Isagenix International, LLC (8)                                                                           | July 5, 2018         | Direct Marketer of Health and Wellness Products                                                            | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 6.75%, Secured Debt (Maturity - June 14, 2025)                                                           | 3 month LIBOR   | 5,676    |               | 5,634      |              | 3,015    |               |
| Jackmont Hospitality, Inc. (8) (11)                                                                       | May 26, 2015         | Franchisee of Casual Dining Restaurants                                                                    | LIBOR Plus 6.75% (Floor 1.00%), Current Coupon 7.75%, Secured Debt (Maturity  - May 26, 2021)                                                           | 1 month LIBOR   | 7,960    |               | 7,958      |              | 6,647    |               |
| Joerns Healthcare, LLC                                                                                    | April 3, 2013        | Manufacturer and Distributor of Health Care Equipment & Supplies                                       | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - August 21, 2024) (8)                                                     | 3 month LIBOR   | 3,335    |               | 3,293      |              | 3,252    |               |
|                                                                                                           |                      |                                                                                                            | Common Stock (392,514 shares)                                                                                                                           | —         | —  |               | 3,678      |              | 2,060    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 6,971    |                 | 5,312   |               |
| Kemp Technologies Inc. (8) (11)                                                                           | May 26, 2015         | Provider of Application Delivery Controllers                                                               | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 7.25%, Secured Debt (Maturity - March 29, 2024)                                                          | 3 month LIBOR   | 7,406    |               | 7,291      |              | 7,354    |               |
| Knight Energy Services LLC (11)                                                                           | November 14, 2018    | Oil and Gas Equipment and Services                                                                         | 8.50% PIK Secured Debt (Maturity - February 9, 2024)                                                                                                    | None            | 882      |               | 882        |              | 768      |               |
|                                                                                                           |                      |                                                                                                            | Class A-2 Shares (25,692 units)                                                                                                                         | —         | —  |               | 1,843      |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 2,725    |                 | 768     |               |
| Kore Wireless Group, Inc.                                                                                 | May 17, 2017         | Mission Critical Software Platform                                                                         | LIBOR Plus 5.50% (Floor 1.00%), Current Coupon 5.72%, Secured Debt (Maturity - December 20, 2024) (8)                                                   | 3 month LIBOR   | 6,015    |               | 5,994      |              | 5,714    |               |
| Larchmont Resources, LLC                                                                                  | October 15, 2013     | Oil & Gas Exploration & Production                                                                 | 10.00% PIK, Secured Debt (Maturity - August 9, 2021)                                                                                                    | None            | 3,614    |               | 3,719      |              | 1,626    |               |
|                                                                                                           |                      |                                                                                                            | Member units (Larchmont Intermediate Holdco, LLC) (4,806 units)                                                                                         | —         | —  |               | 601        |              | 192      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 4,320    |                 | 1,818   |               |
| Laredo Energy VI, LP (11)                                                                                 | January 15, 2019     | Oil & Gas Exploration & Production                                                                 | Member Units (1,155,952 units)                                                                                                                          | —         | —  |               | 11,560     |              | 11,560   |               |
| Lightbox Holdings, L.P. (8)                                                                               | May 17, 2017         | Provider of Commercial Real Estate Software                                                                | LIBOR Plus 5.00% (Floor 0.00%), Current Coupon 5.15%, Secured Debt (Maturity - May 9, 2026)                                                             | 1 month LIBOR   | 4,938    |               | 4,874      |              | 4,715    |               |
| LL Management, Inc. (8) (11)                                                                              | May 17, 2017         | Medical Transportation Service Provider                                                                    | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 7.50%, Secured Debt (Maturity - September 25, 2023)                                                      | 3 month LIBOR   | $             | 13,615   |                 | $            | 13,511   |               | $            | 13,343  |  |
| Logix Acquisition Company, LLC (8) (11)                                                                   | June 24, 2016        | Competitive Local Exchange Carrier                                                                         | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 6.75%, Secured Debt (Maturity - December 22, 2024) (23)                                                  | 1 month LIBOR   | 12,654   |               | 12,590     |              | 11,705   |               |
| LSF9 Atlantis Holdings, LLC (8)                                                                           | May 17, 2017         | Provider of Wireless Telecommunications Carrier Services                                                   | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - May 1, 2023)                                                             | 1 month LIBOR   | 12,775   |               | 12,724     |              | 12,445   |               |
| Lulu’s Fashion Lounge, LLC (8) (11)                                                                 | September 8, 2017    | Fast Fashion E-Commerce Retailer                                                                           | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 8.00% / 2.50% PIK, Current Coupon Plus PIK 10.50%, Secured Debt (Maturity - August 28, 2022)         | 3 month LIBOR   | 5,714    |               | 5,616      |              | 4,885    |               |
| Lynx FBO Operating LLC (11)                                                                               | March 10, 2017       | Fixed Based Operator in the General Aviation Industry                                                      | LIBOR Plus 5.75%, (Floor 1.00%), Current Coupon 7.25%, Secured Debt (Maturity - September 30, 2024) (8)                                                 | 3 month LIBOR   | 13,647   |               | 13,389     |              | 13,101   |               |
|                                                                                                           |                      |                                                                                                            | Member Units (3,704 units)                                                                                                                              | —         | —  |               | 500        |              | 335      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 13,889   |                 | 13,436  |               |
| Mac Lean-Fogg Company (11)                                                                                | July 6, 2018         | Manufacturer and Supplier for Auto and Power Markets                                                       | LIBOR Plus 5.00% (Floor 0.00%), Current Coupon 5.15%, Secured Debt (Maturity - December 22, 2025) (8)                                                   | 1 month LIBOR   | 7,081    |               | 7,035      |              | 6,713    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (650 shares, 4.50% cash / 9.25% PIK, cumulative) (16)                                                                               | —         | —  |               | 793        |              | 756      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 7,828    |                 | 7,469   |               |
| Mills Fleet Farm Group, LLC (8) (11)                                                                      | October 24, 2018     | Omnichannel Retailer of Work, Farm and Lifestyle Merchandise                                               | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 7.25%, Secured Debt (Maturity - October 24, 2024)                                                        | 3 month LIBOR   | 13,875   |               | 13,582     |              | 13,278   |               |
| NinjaTrader, LLC (8) (11)                                                                                 | June 10, 2014        | Operator of Futures Trading Platform                                                                       | LIBOR Plus 6.00% (Floor 1.50%), Current Coupon 7.50%, Secured Debt (Maturity - December 18, 2024)                                                       | 3 month LIBOR   | 9,125    |               | 8,964      |              | 9,125    |               |
| NNE Partners, LLC (8) (11)                                                                                | March 2, 2017        | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 8.00%, (Floor 0.00%) Current Coupon 8.24%, Secured Debt (Maturity - March 2, 2022)                                                           | 3 month LIBOR   | 20,417   |               | 20,345     |              | 18,661   |               |
| Novetta Solutions, LLC (8)                                                                                | July 26, 2017        | Provider of Advanced Analytics Solutions for Defense Agencies                                              | LIBOR Plus 5.00% (Floor 1.00%), Current Coupon 6.00%, Secured Debt (Maturity - October 17, 2022)                                                        | 3 month LIBOR   | 14,707   |               | 14,520     |              | 14,450   |               |
| NTM Acquisition Corp. (8)                                                                                 | July 12, 2016        | Provider of B2B Travel Information Content                                                                 | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 7.25%, Secured Debt (Maturity - June 7, 2022)                                                            | 3 month LIBOR   | 4,372    |               | 4,355      |              | 3,935    |               |
| Pasha Group (8)                                                                                           | February 2, 2018     | Diversified Logistics and Transportation Provided                                                          | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 8.50%, Secured Debt (Maturity - January 26, 2023)                                                        | 2 month LIBOR   | 7,520    |               | 7,338      |              | 6,956    |               |
| PricewaterhouseCoopers Public Sector LLP (8)                                                              | June 4, 2018         | Provider of Consulting Services to Governments                                                             | LIBOR Plus 8.00% (Floor 0.00%), Current Coupon 8.15%, Secured Debt (Maturity - May 1, 2026) (14)                                                        | 1 month LIBOR   | 14,100   |               | 14,061     |              | 13,608   |               |
| Rise Broadband (8) (11)                                                                                   | May 2, 2018          | Fixed Wireless Broadband Provider                                                                          | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 8.17%, Secured Debt (Maturity - May 2, 2023)                                                             | 3 month LIBOR   | 14,606   |               | 14,521     |              | 14,490   |               |
| RM Bidder, LLC (11)                                                                                       | November 12, 2015    | Scripted and Unscripted TV and Digital Programming Provider                                                | Common Stock (1,854 shares)                                                                                                                             | —         | —  |               | 31         |              | 14       |               |
|                                                                                                           |                      |                                                                                                            | Series A Warrants (124,915 equivalent units, Expiration - October 20, 2025)                                                                             | —         | —  |               | 284        |              | —  |               |
|                                                                                                           |                      |                                                                                                            | Series B Warrants (93,686 equivalent units, Expiration - October 20, 2025)                                                                              | —         | —  |               | —    |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 315      |                 | 14      |               |
| Salient Partners, LP (8) (11)                                                                             | June 25, 2015        | Provider of Asset Management Services                                                                      | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - August 31, 2021)                                                         | 3 month LIBOR   | 6,450    |               | 6,558      |              | 5,876    |               |
| Signal Peak CLO 7, Ltd. (9) (15) (24)                                                                     | May 8, 2019          | Structured Finance                                                                                         | Subordinated Structured Notes (estimated yield of 8.3% due April 30, 2032)                                                                              | —         | 25,935   |               | 21,946     |              | 18,411   |               |
| Slick Software Holdings LLC (10) (13)                                                                     | September 13, 2018   | Text Messaging Marketing Platform                                                                          | 14.00% Secured Debt (Maturity - September 13, 2023)                                                                                                     | —         | 1,520    |               | 1,304      |              | 1,520    |               |
|                                                                                                           |                      |                                                                                                            | Member units (17,500 units)                                                                                                                             | —         | —  |               | 175        |              | 313      |               |
|                                                                                                           |                      |                                                                                                            | Warrants (4,521 equivalent units, Expiration - September 13, 2028)                                                                                      | —         | —  |               | 45         |              | 82       |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 1,524    |                 | 1,915   |               |
| TEAM Public Choices, LLC (8) (11)                                                                         | August 18, 2017      | Home-Based Care Employment Service Provider                                                                | LIBOR Plus 5.50%, (Floor 1.50%), Current Coupon 7.00%, Secured Debt (Maturity - September 20, 2024)                                                     | 1 month LIBOR   | 9,902    |               | 9,820      |              | 9,614    |               |
| TE Holdings, LLC                                                                                          | July 14, 2014        | Oil & Gas Exploration & Production                                                                 | Common Units (72,786 units)                                                                                                                             | —         | —  |               | 728        |              | —  |               |
| TGP Holdings III LLC (8)                                                                                  | October 25, 2018     | Outdoor Cooking & Accessories                                                                          | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 9.50%, Secured Debt (Maturity - September 25, 2025) (14)                                                 | 3 month LIBOR   | $             | 5,000    |                 | $            | 5,000    |               | $            | 4,631   |  |
| USA DeBusk LLC (8) (11)                                                                                   | August 18, 2017      | Provider of Industrial Cleaning Services                                                                   | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 6.75%, Secured Debt (Maturity - October 22, 2024)                                                        | 3 month LIBOR   | 16,674   |               | 16,400     |              | 15,874   |               |
| U.S. Telepacific Corp. (8)                                                                                | September 14, 2016   | Provider of Communications and Managed Services                                                            | LIBOR Plus 5.50% (Floor 1.00%), Current Coupon 6.50%, Secured Debt (Maturity - May 2, 2023)                                                             | 3 month LIBOR   | 12,500   |               | 12,311     |              | 10,851   |               |
| Vida Capital, Inc. (8)                                                                                    | March 9, 2017        | Alternative Asset Manager                                                                                  | LIBOR Plus 6.00% (Floor 0.00%), Current Coupon 6.16%, Secured Debt (Maturity - October 1, 2026)                                                         | 1 month LIBOR   | 7,303    |               | 7,207      |              | 7,303    |               |
| Vistar Media, Inc. (11)                                                                                   | February 17, 2017    | Operator of Digital Out-of-Home Advertising Platform                                                       | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 12.00%, Secured Debt (Maturity - April 3, 2023) (8)                                                     | 3 month LIBOR   | 4,616    |               | 4,492      |              | 4,616    |               |
|                                                                                                           |                      |                                                                                                            | Warrants (69,675 equivalent units, Expiration - April 3, 2029)                                                                                          | —         | —  |               | —    |              | 1,070    |               |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (70,207 shares)                                                                                                                         | —         | —  |               | 767        |              | 1,070    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 5,259    |                 | 6,756   |               |
| Volusion, LLC (10) (13)                                                                                   | January 26, 2015     | Provider of Online Software-as-a-Service eCommerce Solutions                                               | 11.50% Secured Debt (Maturity - January 24, 2020) (19)                                                                                                  | None            | 8,672    |               | 8,636      |              | 8,247    |               |
|                                                                                                           |                      |                                                                                                            | 8.00% Unsecured Debt (Maturity - November 16, 2023) (17)                                                                                                | None            | 175      |               | 175        |              | 124      |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (2,090,001 units)                                                                                                                | —         | —  |               | 6,000      |              | 2,124    |               |
|                                                                                                           |                      |                                                                                                            | Warrants (784,866.80 equivalent units, Expiration - January 26, 2025)                                                                                   | —         | —  |               | 1,104      |              | —  |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 15,915   |                 | 10,495  |               |
| Wireless Vision Holdings, LLC (8) (11)                                                                    | September 29, 2017   | Provider of Wireless Telecommunications Carrier Services                                                   | LIBOR Plus 8.86% (Floor 1.00%), Current Coupon 9.86% / 1.00% PIK, Current Coupon Plus PIK 10.86%, Secured Debt (Maturity - September 29, 2022) (23) | 1 month LIBOR   | 6,703    |               | 6,586      |              | 6,703    |               |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 8.91% (Floor 1.00%), Current Coupon 9.91% / 1.00% PIK, Current Coupon Plus PIK 10.91%, Secured Debt (Maturity - September 29, 2022) (23) | 1 month LIBOR   | 5,826    |               | 5,669      |              | 5,826    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                         |                 |               | 12,255   |                 | 12,529  |               |
| YS Garments, LLC (8)                                                                                      | August 20, 2018      | Designer and Provider of Branded Activewear                                                                | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.00%, Secured Debt (Maturity - August 9, 2024)                                                          | 1 month LIBOR   | 7,045    |               | 6,995      |              | 6,405    |               |
| Subtotal Non-Control/Non-Affiliate Investments (5) (78% of total portfolio investments at fair value) |                      |                                                                                                            | $                                                                                                                                                       | 772,439    |               | $             | 709,368    |              |
| Total Portfolio Investments                                                                               |                      |                                                                                                            |                                                                                                                                                         |                 |               | $             | 936,461    |              | $             | 902,658  |              |
| Short Term Investments (20)                                                                               |                      |                                                                                                            |                                                                                                                                                         |                 |               |               |                 |
| Fidelity Institutional Money Market Funds (21)                                                            |                      | —                                                                                                    | Prime Money Market Portfolio, Class III Shares                                                                                                          | —         | —  |               | $               | 10,389  |               | $             | 10,389  |              |
| US Bank Money Market Account (21)                                                                         |                      | —                                                                                                    | —                                                                                                                                                 | —         | —  |               | 16,611     |              | 16,611   |               |
| Total Short Term Investments                                                                              |                      |                                                                                                            |                                                                                                                                                         |                 |               | $             | 27,000     |              | $             | 27,000   |              |

|                                                |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |  |               |   |               |  |               |   |               |  |   |             |  |   |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------|---------------------------------|---------------|--------------------------------------|---------------|---------------------------|---------------|--------------------------------------|--|----------------------------------|---------------|--------------------------|-----------------|---------------|-----------------|--|---------------|---|---------------|--|---------------|---|---------------|--|---|-------------|--|---|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                |                                 |               | Nine Months Ended September 30, 2020 |               |                           |               | Nine Months Ended September 30, 2020 |
| Portfolio Company                              | Fair Value at December 31, 2019 |               | Gross Additions (Cost)*              |               | Gross Reductions (Cost)** |               | Net Unrealized Gain (Loss) ***       |  | Fair Value at September 30, 2020 |               | Net Realized Gain (Loss) | Interest Income | Fee Income    | Dividend Income |
|                                                |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Affiliate Investments                          |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| AFG Capital Group, LLC                         |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | $                               | 209      |                                      |               | $                         | —  |                                      |  | $                                | (65)          |                          |                 | $             | —    |  |               | $ | 144      |  |               | $ | —  |  | $ | 13     |  | $ | —  |  | $ | —  |  |
| Member units                                   | 1,295                      |               |                                      | —  |                           |               | —                         |  |                                  | 45       |                          |                 | 1,340    |                 |  | —  |   | —  |  | —  |   | —  |  |
|                                                |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Analytical Systems Keco, LLC                   |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | $                               | 1,266    |                                      |               | $                         | 9        |                                      |  | $                                | (85)          |                          |                 | $             | (1)             |  |               | $ | 1,189    |  |               | $ | —  |  | $ | 131    |  | $ | —  |  | $ | —  |  |
| Preferred member units                         | 800                        |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | 800      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Warrants                                       | 79                         |               |                                      | —  |                           |               | (1)                                  |  |                                  | 10       |                          |                 | 88       |                 |  | —  |   | —  |  | —  |   | —  |  |
| Brewer Crane Holdings, LLC                     |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 2,233                      |               |                                      | 6        |                           |               | (92)                                 |  |                                  | —  |                          |                 | 2,147    |                 |  | —  |   | 195      |  | —  |   | —  |  |
| Preferred member units                         | 1,070                      |               |                                      | —  |                           |               | —                         |  |                                  | 333      |                          |                 | 1,403    |                 |  | —  |   | —  |  | —  |   | 23       |  |
| Centre Technologies Holdings, LLC              |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 3,008                      |               |                                      | 11       |                           |               | (117)                                |  |                                  | —  |                          |                 | 2,902    |                 |  | —  |   | 284      |  | —  |   | —  |  |
| Preferred member units                         | 1,460                      |               |                                      | —  |                           |               | —                         |  |                                  | 55       |                          |                 | 1,515    |                 |  | —  |   | —  |  | 23       |   | —  |  |
| Chamberlin Holding, LLC                        |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 4,443                      |               |                                      | 22       |                           |               | (450)                                |  |                                  | (22)          |                          |                 | 3,993    |                 |  | —  |   | 400      |  | —  |   | —  |  |
| Member units                                   | 6,009                      |               |                                      | —  |                           |               | —                         |  |                                  | 992      |                          |                 | 7,001    |                 |  | —  |   | —  |  | 45       |   | 683      |  |
| Member units                                   | 363                        |               |                                      | —  |                           |               | —                         |  |                                  | (133)         |                          |                 | 230      |                 |  | —  |   | —  |  | —  |   | 13       |  |
| Charlotte Russe, Inc.                          |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Common stock                                   | —                    |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| Charps, LLC                                    |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 500                        |               |                                      | —  |                           |               | (38)                                 |  |                                  | —  |                          |                 | 462      |                 |  | —  |   | 56       |  | —  |   | —  |  |
| Preferred member units                         | 1,730                      |               |                                      | —  |                           |               | —                         |  |                                  | 620      |                          |                 | 2,350    |                 |  | —  |   | —  |  | —  |   | 113      |  |
| Clad-Rex Steel, LLC                            |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 2,696                      |               |                                      | 9        |                           |               | —                         |  |                                  | (2)           |                          |                 | 2,703    |                 |  | —  |   | 229      |  | —  |   | —  |  |
| Member units                                   | 2,408                      |               |                                      | —  |                           |               | —                         |  |                                  | (255)         |                          |                 | 2,153    |                 |  | —  |   | —  |  | —  |   | 79       |  |
| Term loan (Clad-Rex Steel RE Investor, LLC)    | 282                        |               |                                      | —  |                           |               | (5)                                  |  |                                  | —  |                          |                 | 277      |                 |  | —  |   | 21       |  | —  |   | —  |  |
| Member units (Clad-Rex Steel RE Investor, LLC) | 115                        |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | 115      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Cody Pools Holdings, LLC                       |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | —                    |               |                                      | 4,008    |                           |               | (184)                                |  |                                  | 76       |                          |                 | 3,900    |                 |  | —  |   | 290      |  | —  |   | —  |  |
| Preferred member units                         | —                    |               |                                      | 2,079    |                           |               | —                         |  |                                  | 882      |                          |                 | 2,961    |                 |  | —  |   | —  |  | 15       |   | —  |  |
| Copper Trail Energy Fund I, LP                 |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| LP interests                                   | 1,643                      |               |                                      | 1,212    |                           |               | (439)                                |  |                                  | (562)         |                          |                 | 1,854    |                 |  | 21       |   | —  |  | 14       |   | 1,170    |  |
| Digital Products Holdings LLC                  |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 4,611                      |               |                                      | 15       |                           |               | (278)                                |  |                                  | 157      |                          |                 | 4,505    |                 |  | —  |   | 422      |  | —  |   | —  |  |
| Preferred member units                         | 1,294                      |               |                                      | —  |                           |               | —                         |  |                                  | 433      |                          |                 | 1,727    |                 |  | —  |   | —  |  | —  |   | 50       |  |
| Direct Marketing Solutions, Inc.               |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 3,929                      |               |                                      | 16       |                           |               | (157)                                |  |                                  | (16)          |                          |                 | 3,772    |                 |  | —  |   | 376      |  | —  |   | —  |  |
| Preferred stock                                | 5,051                      |               |                                      | —  |                           |               | —                         |  |                                  | (36)          |                          |                 | 5,015    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Freeport Financial Funds                       |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| LP interests                                   | 9,696                      |               |                                      | 990      |                           |               | (160)                                |  |                                  | (205)         |                          |                 | 10,321   |                 |  | —  |   | —  |  | —  |   | 630      |  |
| Gamber-Johnson Holdings, LLC                   |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 4,755                      |               |                                      | 419      |                           |               | (203)                                |  |                                  | (11)          |                          |                 | 4,960    |                 |  | —  |   | 329      |  | —  |   | —  |  |
| Member units                                   | 13,352                     |               |                                      | —  |                           |               | —                         |  |                                  | (41)          |                          |                 | 13,311   |                 |  | —  |   | —  |  | —  |   | 763      |  |
| Guerdon Modular Holdings, Inc.                 |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | —                    |               |                                      | 30       |                           |               | (3,147)                              |  |                                  | 3,117    |                          |                 | —  |                 |  | (2,792)       |   | 30       |  | —  |   | —  |  |
| Term loan                                      | —                    |               |                                      | 1        |                           |               | (253)                                |  |                                  | 252      |                          |                 | —  |                 |  | (252)         |   | —  |  | —  |   | —  |  |
| Common stock                                   | —                    |               |                                      | —  |                           |               | (746)                                |  |                                  | 746      |                          |                 | —  |                 |  | (746)         |   | —  |  | —  |   | —  |  |
| Preferred stock                                | —                    |               |                                      | —  |                           |               | (285)                                |  |                                  | 285      |                          |                 | —  |                 |  | (285)         |   | —  |  | —  |   | —  |  |
| Gulf Publishing Holdings, LLC                  |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 3,124                      |               |                                      | 96       |                           |               | —                         |  |                                  | (279)         |                          |                 | 2,941    |                 |  | —  |   | 312      |  | —  |   | —  |  |
| Revolving line of credit                       | 70                         |               |                                      | 1        |                           |               | (10)                                 |  |                                  | —  |                          |                 | 61       |                 |  | —  |   | 5        |  | —  |   | —  |  |
| Member units                                   | 605                        |               |                                      | —  |                           |               | —                         |  |                                  | (605)         |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| Harris Preston Fund Investments                |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| LP interests (HPEP 3, LP)                      | 2,474                      |               |                                      | 597      |                           |               | —                         |  |                                  | —  |                          |                 | 3,071    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Hawk Ridge Systems, LLC                        |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 3,350                      |               |                                      | 12       |                           |               | —                         |  |                                  | (12)          |                          |                 | 3,350    |                 |  | —  |   | 139      |  | —  |   | —  |  |
| Revolving line of credit                       | 148                        |               |                                      | 100      |                           |               | —                         |  |                                  | —  |                          |                 | 248      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Preferred member units                         | 1,975                      |               |                                      | —  |                           |               | —                         |  |                                  | 33       |                          |                 | 2,008    |                 |  | —  |   | —  |  | —  |   | 17       |  |
| Preferred member units (HRS Services, ULC)     | 105                        |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | 105      |                 |  | —  |   | —  |  | —  |   | —  |  |
| J&J Services, Inc.                         |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term Loan                                      | 4,315                      |               |                                      | 26       |                           |               | (800)                                |  |                                  | 59       |                          |                 | 3,600    |                 |  | —  |   | 391      |  | —  |   | —  |  |
| Preferred stock                                | 1,790                      |               |                                      | —  |                           |               | (18)                                 |  |                                  | 1,207    |                          |                 | 2,979    |                 |  | —  |   | —  |  | —  |   | —  |  |
|                                                |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Kickhaefer Manufacturer Company, LLC           |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | $                               | 6,146    |                                      |               | $                         | 371      |                                      |  | $                                | (740)         |                          |                 | $             | (1)             |  |               | $ | 5,776    |  |               | $ | —  |  | $ | 587    |  | $ | —  |  | $ | —  |  |
| Term loan                                      | 977                        |               |                                      | 8        |                           |               | (5)                                  |  |                                  | —  |                          |                 | 980      |                 |  | —  |   | 76       |  | —  |   | —  |  |
| Member units                                   | 3,060                      |               |                                      | —  |                           |               | —                         |  |                                  | (21)          |                          |                 | 3,039    |                 |  | —  |   | —  |  | —  |   | 17       |  |
| Member units (KMC RE Investor, LLC)            | 290                        |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | 290      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Market Force Information, Inc.                 |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 5,625                      |               |                                      | 790      |                           |               | (59)                                 |  |                                  | (2,927)       |                          |                 | 3,429    |                 |  | —  |   | 63       |  | —  |   | —  |  |
| Revolving line of credit                       | 674                        |               |                                      | —  |                           |               | (696)                                |  |                                  | 22       |                          |                 | —  |                 |  | —  |   | 10       |  | —  |   | —  |  |
| Member units                                   | 1,319                      |               |                                      | —  |                           |               | —                         |  |                                  | (1,319)       |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| M.H. Corbin Holding LLC                        |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 2,213                      |               |                                      | 17       |                           |               | (60)                                 |  |                                  | (20)          |                          |                 | 2,150    |                 |  | —  |   | 223      |  | —  |   | —  |  |
| Preferred member units                         | 1,192                      |               |                                      | —  |                           |               | —                         |  |                                  | (452)         |                          |                 | 740      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Common units                                   | 5                          |               |                                      | —  |                           |               | —                         |  |                                  | (5)           |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| Mystic Logistics Holdings, LLC                 |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 1,561                      |               |                                      | 254      |                           |               | (134)                                |  |                                  | —  |                          |                 | 1,681    |                 |  | —  |   | 156      |  | —  |   | —  |  |
| Common stock                                   | 2,103                      |               |                                      | —  |                           |               | —                         |  |                                  | 440      |                          |                 | 2,543    |                 |  | —  |   | —  |  | —  |   | —  |  |
| NexRev, LLC                                    |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 4,331                      |               |                                      | 56       |                           |               | (111)                                |  |                                  | (126)         |                          |                 | 4,150    |                 |  | —  |   | 378      |  | —  |   | —  |  |
| Preferred member units                         | 1,577                      |               |                                      | —  |                           |               | —                         |  |                                  | (1,340)       |                          |                 | 237      |                 |  | —  |   | —  |  | —  |   | (14)          |  |
| NuStep, LLC                                    |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 4,901                      |               |                                      | 19       |                           |               | (40)                                 |  |                                  | —  |                          |                 | 4,880    |                 |  | —  |   | 469      |  | —  |   | —  |  |
| Preferred member units                         | 2,550                      |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | 2,550    |                 |  | —  |   | —  |  | —  |   | —  |  |
| SI East, LLC                                   |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 10,988                     |               |                                      | 25       |                           |               | —                         |  |                                  | (25)          |                          |                 | 10,988   |                 |  | —  |   | 827      |  | —  |   | —  |  |
| Preferred member units                         | 2,734                      |               |                                      | —  |                           |               | (1)                                  |  |                                  | 506      |                          |                 | 3,239    |                 |  | —  |   | —  |  | —  |   | 431      |  |
| Tedder Acquisition, LLC                        |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 4,066                      |               |                                      | 176      |                           |               | —                         |  |                                  | (65)          |                          |                 | 4,177    |                 |  | —  |   | 391      |  | —  |   | —  |  |
| Revolving line of credit                       | 158                        |               |                                      | —  |                           |               | (158)                                |  |                                  | —  |                          |                 | —  |                 |  | —  |   | 15       |  | —  |   | —  |  |
| Preferred member units                         | 2,034                      |               |                                      | —  |                           |               | —                         |  |                                  | —  |                          |                 | 2,034    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Trantech Radiator Topco, LLC                   |                                 |               |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |               |                 |
| Term loan                                      | 2,237                      |               |                                      | 13       |                           |               | (120)                                |  |                                  | 50       |                          |                 | 2,180    |                 |  | —  |   | 217      |  | —  |   | —  |  |
| Common stock                                   | 1,164                      |               |                                      | —  |                           |               | (1)                                  |  |                                  | 778      |                          |                 | 1,941    |                 |  | —  |   | —  |  | —  |   | 22       |  |
| Total Affiliate Investments                    | $                               | 154,158  |                                      |               | $                         | 11,388   |                                      |  | $                                | (9,658)       |                          |                 | $             | 2,617      |  |               | $ | 158,505  |  |               | $ | (4,054)       |  | $ | 7,035  |  | $ | 97       |  | $ | 3,997    |  |

|                                 |  |                                 |              |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |              |                 |  |               |   |               |  |               |   |               |  |   |               |  |   |               |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------|--|---------------------------------|--------------|--------------------------------------|---------------|---------------------------|---------------|--------------------------------------|--|----------------------------------|---------------|--------------------------|-----------------|--------------|-----------------|--|---------------|---|---------------|--|---------------|---|---------------|--|---|---------------|--|---|---------------|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                 |  |                                 |              | Nine Months Ended September 30, 2020 |               |                           |               | Nine Months Ended September 30, 2020 |
| Portfolio Company               |  | Fair Value at December 31, 2019 |              | Gross Additions (Cost)*              |               | Gross Reductions (Cost)** |               | Net Unrealized Gain (Loss)           |  | Fair Value at September 30, 2020 |               | Net Realized Gain (Loss) | Interest Income | Fee Income   | Dividend Income |
| Control Investments             |  |                                 |              |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |              |                 |
| CTMH, LP                        |  |                                 |              |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |              |                 |
| LP interests                    |  | $                               | 872     |                                      |               | $                         | —  |                                      |  | $                                | —  |                          |                 | $            | —    |  |               | $ | 872      |  |               | $ | —  |  | $ | —  |  | $ | —  |  | $ | 125    |  |
| GRT Rubber Technologies, LLC    |  |                                 |              |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |              |                 |
| Term loan                       |  | 7,396                      |              |                                      | 870      |                           |               | —                         |  |                                  | (4)           |                          |                 | 8,262   |                 |  | —  |   | 491      |  | —  |   | —  |  |
| Member units                    |  | 23,372                     |              |                                      | —  |                           |               | (1)                                  |  |                                  | (997)         |                          |                 | 22,374  |                 |  | —  |   | —  |  | 59       |   | 1,201    |  |
| Harris Preston Fund Investments |  |                                 |              |                                      |               |                           |               |                                      |  |                                  |               |                          |                 |              |                 |
| LP interests (2717 HM, LP)      |  | 3,156                      |              |                                      | 1        |                           |               | —                         |  |                                  | 120      |                          |                 | 3,277   |                 |  | —  |   | —  |  | —  |   | —  |  |
| Total Control Investments       |  | $                               | 34,796  |                                      |               | $                         | 871      |                                      |  | $                                | (1)           |                          |                 | $            | (881)           |  |               | $ | 34,785   |  |               | $ | —  |  | $ | 491      |  | $ | 59       |  | $ | 1,326  |  |

----

|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |               |               |                 |             |              |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------|----------------------|------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|---------------|---------------|-----------------|---------------|---------------|-----------------|-------------|--------------|--|--|--|--|--|--|--|--|--|--|--|
| HMS Income Fund, Inc.                                                                                     |
| Condensed Consolidated Schedule of Investments                                                            |
| As of December 31, 2019                                                                                   |
| (dollars in thousands)                                                                                    |
| Portfolio Company (1) (3)                                                                                 | Investment Date (27) | Business Description                                                                                       | Type of Investment (2) (3)                                                                                                                               | Index Rate (22) | Principal (7) | Cost (7)      | Fair Value (26) |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Control Investments (6)                                                                                   |
| CTMH, LP (9) (15)                                                                                         | July 17, 2017        | Investment Partnership                                                                                     | LP Interests (CTMH, LP) (Fully diluted 38.80%)                                                                                                           | —         | $             | —  |                 | $             | 872      |                 | $           | 872     |  |
| GRT Rubber Technologies, LLC (10) (13)                                                                    | December 19, 2014    | Manufacturer of Engineered Rubber Products                                                                 | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 8.71%, Secured Debt (Maturity - December 31, 2023) (8)                                                    | 1 month LIBOR   | 7,396    |               | 7,375      |               | 7,396    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (2,896 units) (16)                                                                                                                          | —         | —  |               | 6,435      |               | 23,372   |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 13,810   |                 | 30,768   |               |
| Harris Preston Fund Investments (9) (15)                                                                  | August 9, 2017       | Investment Partnership                                                                                     | LP Interests (2717 MH, LP) (Fully diluted 49.30%)                                                                                                        | —         | —  |               | 2,735      |               | 3,156    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Subtotal Control Investments (6) (3% of total investments at fair value)                                  |                      |                                                                                                            | $                                                                                                                                                        | 17,417     |               | $             | 34,796     |               |
| Affiliate Investments (4)                                                                                 |
| AFG Capital Group, LLC (10) (13)                                                                          | November 7, 2014     | Provider of Rent-to-Own Financing Solutions and Services                                                   | 10.00% Secured Debt (Maturity - May 25, 2022) (14)                                                                                                       | None            | $             | 209      |                 | $             | 209      |                 | $           | 209     |  |
|                                                                                                           |                      |                                                                                                            | Member Units (46 units) (16)                                                                                                                             | —         | —  |               | 300        |               | 1,295    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 509      |                 | 1,504    |               |
| Analytical Systems Keco, LLC (10) (13)                                                                    | February 26, 2018    | Manufacturer of Liquid and Gas Analyzers                                                                   | LIBOR Plus 10.00% (Floor 2.00%), Current Coupon 12.13%, Secured Debt (Maturity - August 16, 2024) (8)                                                    | 1 month LIBOR   | 1,391    |               | 1,260      |               | 1,266    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (800 units)                                                                                                                       | —         | —  |               | 800        |               | 800      |                 |
|                                                                                                           |                      |                                                                                                            | Warrants (105 equivalent shares; Expiration - August 16, 2029)                                                                                       | —         | —  |               | 79         |               | 79       |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,139    |                 | 2,145    |               |
| Brewer Crane Holdings, LLC (10) (13)                                                                      | January 9, 2018      | Provider of Crane Rental and Operating Services                                                            | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 11.71%, Secured Debt (Maturity - January 9, 2023) (8)                                                    | 1 month LIBOR   | 2,263    |               | 2,233      |               | 2,233    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (737 units) (16)                                                                                                                  | —         | —  |               | 1,070      |               | 1,070    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 3,303    |                 | 3,303    |               |
| Centre Technologies Holdings, LLC (10) (13)                                                               | January 4, 2019      | Provider of IT Hardware Services and Software Solutions                                                    | LIBOR Plus 9.00% (Floor 2.00%), Current Coupon 10.75%, Secured Debt (Maturity - January 4, 2024) (8)                                                     | 1 month LIBOR   | 3,060    |               | 3,003      |               | 3,008    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (3,174 units)                                                                                                                     | —         | —  |               | 1,460      |               | 1,460    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,463    |                 | 4,468    |               |
| Chamberlin Holding, LLC (10) (13)                                                                         | February 26, 2018    | Roofing and Waterproofing Specialty Subcontractor                                                          | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 12.00%, Secured Debt (Maturity - February 23, 2023) (8)                                                  | 1 month LIBOR   | 4,443    |               | 4,353      |               | 4,443    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (1,087 units) (16)                                                                                                                          | —         | —  |               | 2,860      |               | 6,009    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (Langfield RE, LLC) (1 unit)                                                                                                                | —         | —  |               | 262        |               | 363      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 7,475    |                 | 10,815   |               |
| Charlotte Russe, Inc.                                                                                     | July 14, 2014        | Fast-Fashion Retailer to Young Women                                                                       | Common Stock (14,973 shares)                                                                                                                             | None            | —  |               | 2,470      |               | —  |                 |
| Charps, LLC (10) (13)                                                                                     | February 3, 2017     | Pipeline Maintenance and Construction                                                                      | 15.00% Secured Debt (Maturity - June 5, 2022) (14)                                                                                                       | None            | 500      |               | 500        |               | 500      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (400 units) (16)                                                                                                                  | —         | —  |               | 100        |               | 1,730    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 600      |                 | 2,230    |               |
| Clad-Rex Steel, LLC (10) (13)                                                                             | December 20, 2016    | Specialty Manufacturer of Vinyl-Clad Metal                                                                 | LIBOR Plus 9.00% (Floor 1.00%), Current Coupon 10.71%, Secured Debt (Maturity - December 20, 2021) (8)                                                   | 1 month LIBOR   | 2,720    |               | 2,694      |               | 2,696    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (179 units) (16)                                                                                                                            | —         | —  |               | 1,820      |               | 2,408    |                 |
|                                                                                                           |                      |                                                                                                            | 10.00% Secured Debt (Clad-Rex Steel RE Investor, LLC) (Maturity - December 19, 2036)                                                                     | None            | 284      |               | 282        |               | 282      |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (Clad-Rex Steel RE Investor, LLC) (200 units)                                                                                               | —         | —  |               | 53         |               | 115      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,849    |                 | 5,501    |               |
| Copper Trail Fund Investments (9) (15)                                                                    | July 17, 2017        | Investment Partnership                                                                                     | LP Interests (Copper Trail Energy Fund I, LP) (Fully Diluted 12.40%) (16)                                                                                | —         | —  |               | 1,389      |               | 1,643    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Digital Products Holdings LLC (10) (13)                                                                   | April 2, 2018        | Designer and Distributor of Consumer Electronics                                                           | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 11.75%, Secured Debt (Maturity - March 31, 2023) (8)                                                     | 1 month LIBOR   | $             | 4,905    |                 | $             | 4,832    |                 | $           | 4,611   |  |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (863 units) (16)                                                                                                                  | —         | —  |               | 2,375      |               | 1,294    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 7,207    |                 | 5,905    |               |
| Direct Marketing Solutions, Inc. (10) (13)                                                                | February 13, 2018    | Provider of Omni-Channel Direct Marketing Services                                                         | LIBOR Plus 11.00% (Floor 1.00%), Current Coupon 12.75%, Secured Debt (Maturity - February 13, 2023) (8)                                                  | 1 month LIBOR   | 3,929    |               | 3,851      |               | 3,929    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (2,100 shares)                                                                                                                           | —         | —  |               | 2,100      |               | 5,051    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 5,951    |                 | 8,980    |               |
| Freeport Financial Funds (9) (15)                                                                         | July 31, 2015        | Investment Partnership                                                                                     | LP Interests (Freeport First Lien Loan Fund III, LP) (Fully diluted 6.00%) (16)                                                                          | —         | —  |               | 9,956      |               | 9,696    |                 |
| Gamber-Johnson Holdings, LLC (10) (13)                                                                    | June 24, 2016        | Manufacturer of Ruggedized Computer Mounting Systems                                                       | LIBOR Plus 7.50% (Floor 2.00%), Current Coupon 8.50%, Secured Debt (Maturity - June 24, 2021) (8)                                                        | 1 month LIBOR   | 4,755    |               | 4,704      |               | 4,755    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (2,155 units) (16)                                                                                                                          | —         | —  |               | 3,711      |               | 13,352   |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 8,415    |                 | 18,107   |               |
| Guerdon Modular Holdings, Inc. (10) (13)                                                                  | August 13, 2014      | Multi-Family and Commercial Modular Construction Company                                                   | 16.00% Secured Debt (Maturity - October 1, 2019) (18)                                                                                                    | None            | 3,147    |               | 3,116      |               | —  |                 |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 10.60%, Secured Debt (Maturity - October 1, 2019) (8) (18)                                                | 3 month LIBOR   | 253      |               | 252        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            | Common Stock (53,008 shares)                                                                                                                             | —         | —  |               | 746        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            | Class B Preferred Stock (101,250 shares)                                                                                                                 | —         | —  |               | 285        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,399    |                 | —  |               |
| Gulf Publishing Holdings, LLC (10) (13)                                                                   | April 29, 2016       | Energy Industry Focused Media and Publishing                                                               | 12.50% Secured Debt (Maturity - April 29, 2021)                                                                                                          | None            | 3,134    |               | 3,112      |               | 3,124    |                 |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 9.50% (Floor 1.00%), Current Coupon 11.21%, Secured Debt (Maturity - September 30, 2020) (8)                                                  | 1 month LIBOR   | 70       |               | 70         |               | 70       |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (920 units)                                                                                                                                 | —         | —  |               | 920        |               | 605      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,102    |                 | 3,799    |               |
| Harris Preston Fund Investments (9) (15)                                                                  | September 19, 2017   | Investment Partnership                                                                                     | LP Interests (HPEP 3, LP) (Fully diluted 8.20%)                                                                                                          | —         | —  |               | 2,474      |               | 2,474    |                 |
| Hawk Ridge Systems, LLC (9) (10) (13)                                                                     | December 2, 2016     | Value-Added Reseller of Engineering Design and Manufacturing Solutions                                     | 11.00% Secured Debt (Maturity - December 2, 2021)                                                                                                        | None            | 3,350    |               | 3,318      |               | 3,350    |                 |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.71%, Secured Debt (Maturity - December 2, 2021) (8)                                                     | 1 month LIBOR   | 150      |               | 148        |               | 148      |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (56 units) (16)                                                                                                                   | —         | —  |               | 713        |               | 1,975    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (HRS Services, ULC) (56 units)                                                                                                    | —         | —  |               | 38         |               | 105      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,217    |                 | 5,578    |               |
| J & J Services, Inc. (10) (13)                                                                        | October 31, 2019     | Provider of Dumpster Rental and Related Services                                                           | 11.50% Secured Debt (Maturity - October 31, 2024)                                                                                                        | None            | 4,400    |               | 4,315      |               | 4,315    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (704 units)                                                                                                                       | —         | —  |               | 1,790      |               | 1,790    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 6,105    |                 | 6,105    |               |
| Kickhaefer Manufacturing Company, LLC (10) (13)                                                           | October 31, 2018     | Precision Metal Parts Manufacturing                                                                        | 11.50% Secured Debt (Maturity - October 31, 2023)                                                                                                        | None            | 6,300    |               | 6,141      |               | 6,146    |                 |
|                                                                                                           |                      |                                                                                                            | 9.00% Secured Debt (Maturity - October 31, 2048)                                                                                                         | None            | 995      |               | 977        |               | 977      |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (145 units)                                                                                                                       | —         | —  |               | 3,060      |               | 3,060    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (KMC RE Investor, LLC) (200 units) (16)                                                                                                     | —         | —  |               | 248        |               | 290      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 10,426   |                 | 10,473   |               |
| Market Force Information, Inc. (10) (13)                                                                  | July 28, 2017        | Provider of Customer Experience Management Services                                                        | 6.00% Current / 6.00% PIK Secured Debt (Maturity - July 28, 2022)                                                                                    | 3 month LIBOR   | 5,792    |               | 5,732      |               | 5,625    |                 |
|                                                                                                           |                      |                                                                                                            | 8.00% Secured Debt (Maturity - July 28, 2022)                                                                                                            | None            | 697      |               | 697        |               | 674      |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (170,000 units)                                                                                                                             | —         | —  |               | 4,160      |               | 1,319    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 10,589   |                 | 7,618    |               |
| M.H. Corbin Holding LLC (10) (13)                                                                         | August 31, 2015      | Manufacturer and Distributor of Traffic Safety Products                                                    | 5.00% Current / 5.00% PIK Secured Debt (Maturity - March 31, 2022)                                                                                   | None            | $             | 2,213    |                 | $             | 2,191    |                 | $           | 2,213   |  |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (16,500 units)                                                                                                                    | —         | —  |               | 1,100      |               | 1,192    |                 |
|                                                                                                           |                      |                                                                                                            | Common Units (1,000 units)                                                                                                                               | —         | —  |               | 1,500      |               | 5        |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,791    |                 | 3,410    |               |
| Mystic Logistics Holdings, LLC (10) (13)                                                                  | August 18, 2014      | Logistics and Distribution Services Provider for Large Volume Mailers                                      | 12.00% Secured Debt (Maturity - August 15, 2019) (19)                                                                                                    | None            | 1,563    |               | 1,561      |               | 1,561    |                 |
|                                                                                                           |                      |                                                                                                            | Common Stock (1,468 shares) (16)                                                                                                                         | —         | —  |               | 680        |               | 2,103    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,241    |                 | 3,664    |               |
| NexRev, LLC (10) (13)                                                                                     | February 28, 2018    | Provider of Energy Efficiency Products & Services                                                      | 11.00% Secured Debt (Maturity - February 28, 2023)                                                                                                       | None            | 4,397    |               | 4,331      |               | 4,331    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (21,600,000 units) (16)                                                                                                           | —         | —  |               | 1,720      |               | 1,577    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 6,051    |                 | 5,908    |               |
| NuStep, LLC (10) (13)                                                                                     | January 31, 2017     | Designer, Manufacturer and Distributor of Fitness Equipment                                                | 12.00% Secured Debt (Maturity - January 31, 2022)                                                                                                        | None            | 4,949    |               | 4,901      |               | 4,901    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (102 units)                                                                                                                       | —         | —  |               | 2,550      |               | 2,550    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 7,451    |                 | 7,451    |               |
| SI East, LLC (10) (13)                                                                                    | August 31, 2018      | Rigid Industrial Packaging Manufacturing                                                                   | 9.50% Secured Debt (Maturity - August 31, 2023)                                                                                                          | None            | 10,988   |               | 10,849     |               | 10,988   |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (52 units) (16)                                                                                                                   | —         | —  |               | 2,000      |               | 2,734    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 12,849   |                 | 13,722   |               |
| Tedder Acquisition, LLC (10) (13)                                                                         | August 31, 2018      | Manufacturer of Firearm Holsters and Accessories                                                           | 12.00% Secured Debt (Maturity - August 31, 2023)                                                                                                         | None            | 4,100    |               | 4,003      |               | 4,066    |                 |
|                                                                                                           |                      |                                                                                                            | 12.00% Secured Debt (Maturity - August 31, 2020)                                                                                                         | None            | 160      |               | 158        |               | 158      |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (110 units)                                                                                                                       | —         | —  |               | 2,034      |               | 2,034    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 6,195    |                 | 6,258    |               |
| Trantech Radiator Topco, LLC (10) (13)                                                                    | August 31, 2018      | Transformer Cooling Products and Services                                                                  | 12.00% Secured Debt (Maturity - May 31, 2024)                                                                                                            | None            | 2,300    |               | 2,226      |               | 2,237    |                 |
|                                                                                                           |                      |                                                                                                            | Common Stock (154 shares) (16)                                                                                                                           | —         | —  |               | 1,164      |               | 1,164    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 3,390    |                 | 3,401    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Subtotal Affiliate Investments (4) (15% of total investments at fair value)                               |                      |                                                                                                            | $                                                                                                                                                        | 144,006    |               | $             | 154,158    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Non-Control/Non-Affiliate Investments (5)                                                             |
| AAC Holdings Inc. (8)                                                                                     | July 10, 2017        | Substance Abuse Treatment Service Provider                                                                 | LIBOR Plus 11.75% (Floor 1.00%), Current Coupon 16.75%, Secured Debt (Maturity - June 30, 2023) (18)                                                     | 3 month LIBOR   | $             | 14,449   |                 | $             | 14,078   |                 | $           | 9,392   |  |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 11.00% (Floor 1.00%), Current Coupon 13.03%, Secured Debt (Maturity - April 15, 2020)                                                         | 3 month LIBOR   | 2,227    |               | 2,069      |               | 2,172    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 16,147   |                 | 11,564   |               |
| Adams Publishing Group, LLC (8) (11)                                                                      | November 19, 2015    | Local Newspaper Operator                                                                                   | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 9.44%, Secured Debt (Maturity - July 3, 2023)                                                             | 3 month LIBOR   | 6,158    |               | 6,064      |               | 6,158    |                 |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 7.50% (Floor 1.50%), Current Coupon 9.45%, Secured Debt (Maturity - July 3, 2023)                                                             | 3 month LIBOR   | 197      |               | 184        |               | 197      |                 |
|                                                                                                           |                      |                                                                                                            | PRIME Plus 4.00% (Floor 1.50%), Current Coupon 8.75%, Secured Debt (Maturity - July 3, 2023)                                                             | PRIME           | 5,000    |               | 4,930      |               | 5,000    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 11,178   |                 | 11,355   |               |
| ADS Tactical, Inc. (8) (11)                                                                               | December 30, 2016    | Value-Added Logistics and Supply Chain Solutions Provider to the Defense Industry                          | LIBOR Plus 6.25% (Floor 0.75%), Current Coupon 8.10%, Secured Debt (Maturity - July 26, 2023)                                                            | 2 month LIBOR   | 15,827   |               | 15,817     |               | 15,827   |                 |
| Aethon United BR, LP (8) (11)                                                                             | September 8, 2017    | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 6.75% (Floor 1.00%), Current Coupon 8.46%, Secured Debt (Maturity - September 8, 2023) (14)                                                   | 1 month LIBOR   | 7,000    |               | 6,918      |               | 6,846    |                 |
| Allen Media, LLC (8)                                                                                      | September 18, 2018   | Operator of Cable Television Networks                                                                      | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.44%, Secured Debt (Maturity - August 30, 2023)                                                          | 3 month LIBOR   | 16,270   |               | 15,895     |               | 15,863   |                 |
| American Nuts, LLC (8) (11)                                                                               | April 10, 2018       | Roaster, Mixer and Packager of Bulk Nuts and Seeds                                                         | LIBOR Plus 9.50% (Floor 1.00%), Current Coupon 11.60%, Secured Debt (Maturity - April 10, 2023)                                                          | 3 month LIBOR   | $             | 12,241   |                 | $             | 11,950   |                 | $           | 12,241  |  |
| American Teleconferencing Services, Ltd. (8)                                                              | May 19, 2016         | Provider of Audio Conferencing and Video Collaboration Solutions                                           | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.32%, Secured Debt (Maturity - June 8, 2023)                                                             | 3 month LIBOR   | 14,150   |               | 13,715     |               | 8,511    |                 |
| American Trailer Rental Group LLC (10) (13)                                                               | June 7, 2017         | Provider of Short Term Trailer and Container Rental                                                        | LIBOR Plus 7.25% (Floor 1.00%), Current Coupon 9.34%, Secured Debt (Maturity - June 7, 2022) (8)                                                         | 1 month LIBOR   | 6,772    |               | 6,659      |               | 6,772    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (Milton Meisler Holdings, LLC) (12,139 units)                                                                                               | —         | —  |               | 1,214      |               | 2,135    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 7,873    |                 | 8,907    |               |
| APTIM Corp                                                                                                | August 17, 2018      | Engineering, Construction and Procurement                                                                  | 7.75% Secured Debt (Maturity - June 15, 2025)                                                                                                            | None            | 6,952    |               | 6,255      |               | 4,171    |                 |
| Arcus Hunting, LLC (8) (11)                                                                               | January 6, 2015      | Manufacturer of Bowhunting and Archery Products and Accessories                                            | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 9.10%, Secured Debt (Maturity - January 13, 2020)                                                         | 1 month LIBOR   | 6,928    |               | 6,932      |               | 6,928    |                 |
| ASC Ortho Management Company, LLC (11)                                                                    | August 31, 2018      | Provider of Orthopedic Services                                                                            | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 9.60%, Secured Debt (Maturity - August 31, 2023) (8)                                                      | 3 month LIBOR   | 4,543    |               | 4,466      |               | 4,502    |                 |
|                                                                                                           |                      |                                                                                                            | 13.25% PIK Secured Debt (Maturity - December 1, 2023) (14)                                                                                               | None            | 1,793    |               | 1,754      |               | 1,793    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 6,220    |                 | 6,295    |               |
| ATI Investment Sub, Inc. (8)                                                                              | July 11, 2016        | Manufacturer of Solar Tracking Systems                                                                     | LIBOR Plus 7.25% (Floor 1.00%), Current Coupon 9.06%, Secured Debt (Maturity - June 22, 2021)                                                            | 1 month LIBOR   | 2,885    |               | 2,842      |               | 2,853    |                 |
| ATX Networks Corp. (8) (9)                                                                                | July 15, 2015        | Provider of Radio Frequency Management Equipment                                                           | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.94%, Current Coupon plus PIK 8.94%, Secured Debt (Maturity - June 11, 2021)                             | 3 month LIBOR   | 13,638   |               | 13,520     |               | 12,786   |                 |
| BarFly Ventures, LLC (11)                                                                                 | August 31, 2015      | Casual Restaurant Group                                                                                    | 12.00% Secured Debt (Maturity - August 31, 2020)                                                                                                         | None            | 3,395    |               | 3,378      |               | 2,580    |                 |
|                                                                                                           |                      |                                                                                                            | Warrants (.410 equivalent units, Expiration - August 31, 2025)                                                                                           | —         | —  |               | 158        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            | Options (.99 equivalent units)                                                                                                                           | —         | —  |               | 202        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 3,738    |                 | 2,580    |               |
| BBB Tank Services, LLC (10) (13)                                                                          | April 8, 2016        | Maintenance, Repair and Construction Services to the Above-Ground Storage Tank Market                      | LIBOR Plus 11.00% (Floor 1.00%), Current Coupon 12.71%, Secured Debt (Maturity - April 8, 2021) (8)                                                      | 1 month LIBOR   | 1,200    |               | 1,197      |               | 1,177    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (non-voting) (28,280 units) (16)                                                                                                         | —         | —  |               | 33         |               | 33       |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (200,000 units)                                                                                                                             | —         | —  |               | 200        |               | 73       |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 1,430    |                 | 1,283    |               |
| Berry Aviation, Inc. (11)                                                                                 | July 6, 2018         | Charter Airline Services                                                                                   | 10.50% Current / 1.50% PIK, Secured Debt (Maturity - January 6, 2024) (14)                                                                           | None            | 4,548    |               | 4,494      |               | 4,548    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (Berry Acquisition, LLC) (1,548,387 units, 8.00% cumulative) (16)                                                                 | —         | —       | 1,548    |                 | 776      |               |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (Berry Acquisition, LLC) (122,416 units, 16.00% cumulative) (16)                                                                  | —         | —       | 122      |                 | 125      |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 6,164    |                 | 5,449    |               |
| BigName Commerce, LLC (8) (11)                                                                            | May 11, 2017         | Provider of Envelopes and Complimentary Stationery Products                                                | LIBOR Plus 7.25% (Floor 1.00%), Current Coupon 9.35%, Secured Debt (Maturity - May 11, 2022)                                                             | 3 month LIBOR   | 2,232    |               | 2,218      |               | 2,232    |                 |
| Binswanger Enterprises, LLC (11)                                                                          | March 10, 2017       | Glass Repair and Installation Service Provider                                                             | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 10.41%, Secured Debt (Maturity - March 9, 2022) (8)                                                       | 3 month LIBOR   | 13,635   |               | 13,345     |               | 13,635   |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (1,050,000 units)                                                                                                                           | —         | —  |               | 1,050      |               | 950      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 14,395   |                 | 14,585   |               |
| Bluestem Brands, Inc. (8)                                                                                 | December 19, 2013    | Multi-Channel Retailer of General Merchandise                                                              | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 9.30%, Secured Debt (Maturity - November 6, 2020)                                                         | 3 month LIBOR   | 11,391   |               | 11,339     |               | 8,550    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Boccella Precast Products, LLC (10) (13)                                                                  | June 30, 2017        | Manufacturer of Precast Hollow Core Concrete                                                               | LIBOR Plus 10.00% (Floor 1.00%), Current Coupon 14.10%, Secured Debt (Maturity - June 30, 2022) (8)                                                      | 3 month LIBOR   | $             | 3,311    |                 | $             | 3,262    |                 | $           | 3,311   |  |
|                                                                                                           |                      |                                                                                                            | Member Units (540,000 units) (16)                                                                                                                        | —         | —  |               | 564        |               | 1,567    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 3,826    |                 | 4,878    |               |
| Brightwood Capital Fund Investments (9) (15)                                                              | December 31, 2014    | Investment Partnership                                                                                     | LP Interests (Brightwood Capital Fund III, LP) (Fully diluted 1.60%) (16)                                                                                | —         | —  |               | 3,815      |               | 3,018    |                 |
|                                                                                                           |                      |                                                                                                            | LP Interests (Brightwood Capital Fund IV, LP) (Fully diluted 0.80%) (16)                                                                                 | —         | —  |               | 9,037      |               | 9,009    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 12,852   |                 | 12,027   |               |
| Buca C, LLC (10) (13)                                                                                     | June 30, 2015        | Casual Restaurant Group                                                                                    | LIBOR Plus 9.25% (Floor 1.00%), Current Coupon 10.94%, Secured Debt (Maturity - June 30, 2020) (8)                                                       | 1 month LIBOR   | 12,669   |               | 12,639     |               | 12,530   |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (4 units, 6.00% cumulative) (16)                                                                                                  | —         | —  |               | 3,040      |               | 3,135    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 15,679   |                 | 15,665   |               |
| Cadence Aerospace, LLC (8) (11)                                                                           | November 14, 2017    | Aerospace Manufacturing                                                                                    | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.43%, Secured Debt (Maturity - November 14, 2023)                                                        | 3 month LIBOR   | 19,272   |               | 19,135     |               | 19,273   |                 |
| CAI Software, LLC (10) (13)                                                                               | October 10, 2014     | Provider of Specialized Enterprise Resource Planning Software                                              | 11.00% Secured Debt (Maturity - December 7, 2023)                                                                                                        | None            | 2,290    |               | 2,299      |               | 2,290    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (16,742 units) (16)                                                                                                                         | —         | —  |               | 188        |               | 1,303    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,487    |                 | 3,593    |               |
| Cenveo Corporation                                                                                        | September 4, 2015    | Provider of Digital Marketing Agency Services                                                              | LIBOR Plus 9.50% (Floor 1.00%), Current Coupon 11.21%, Secured Debt (Maturity - June 7, 2023) (8)                                                        | 3 month LIBOR   | 4,449    |               | 4,177      |               | 4,449    |                 |
|                                                                                                           |                      |                                                                                                            | Common Stock (138,889 shares)                                                                                                                            | —         | —       | 4,163    |                 | 2,292    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 8,340    |                 | 6,741    |               |
| Chisholm Energy Holdings, LLC (8) (11)                                                                    | November 14, 2017    | Oil and Gas Exploration and Production                                                                     | LIBOR Plus 6.25% (Floor 1.50%), Current Coupon 8.16%, Secured Debt (Maturity - May 15, 2026) (14)                                                        | 3 month LIBOR   | 3,571    |               | 3,477      |               | 3,489    |                 |
| Clarius BIGS, LLC (11)                                                                                    | September 23, 2014   | Prints & Advertising Film Financing                                                                    | 15.00% PIK Secured Debt (Maturity - January 5, 2015) (18)                                                                                                | None            | 2,100    |               | 1,842      |               | 29       |                 |
|                                                                                                           |                      |                                                                                                            | 20.00% PIK Secured Debt (Maturity - January 5, 2015) (18)                                                                                                | None            | 763      |               | 670        |               | 11       |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,512    |                 | 40       |               |
| Clickbooth.com, LLC (8) (11)                                                                              | December 5, 2017     | Provider of Digital Advertising Performance Marketing Solutions                                            | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 10.59%, Secured Debt (Maturity - December 5, 2022)                                                        | 3 month LIBOR   | 2,663    |               | 2,625      |               | 2,663    |                 |
| Construction Supply Investments, LLC (11)                                                                 | December 30, 2016    | Distribution Platform of Specialty Construction Materials to Professional Concrete and Masonry Contractors | Member units (42,207 units)                                                                                                                              | —         | —  |               | 4,866      |               | 7,669    |                 |
| CTVSH, PLLC (8) (11) (13)                                                                                 | August 3, 2017       | Emergency Care and Specialty Service Animal Hospital                                                       | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 9.91%, Secured Debt (Maturity - August 3, 2022)                                                           | 1 month LIBOR   | 2,525    |               | 2,494      |               | 2,525    |                 |
| Datacom, LLC (10) (13)                                                                                    | May 30, 2014         | Technology and Telecommunications Provider                                                                 | 5.25% Current / 5.25% PIK, Current Coupon 10.50% Secured Debt (Maturity - May 31, 2021) (18)                                                         | None            | 1,376    |               | 1,315      |               | 1,116    |                 |
|                                                                                                           |                      |                                                                                                            | 8.00% Secured Debt (Maturity - May 31, 2021) (18)                                                                                                        | None            | 200      |               | 200        |               | 179      |                 |
|                                                                                                           |                      |                                                                                                            | Class A Preferred Member Units (1,530 units)                                                                                                             | —         | —  |               | 144        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            | Class B Preferred Member Units (717 units)                                                                                                               | —         | —  |               | 670        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,329    |                 | 1,295    |               |
| Digital River, Inc. (8)                                                                                   | February 24, 2015    | Provider of Outsourced e-Commerce Solutions and Services                                                   | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.90%, Secured Debt (Maturity - February 12, 2021)                                                        | 3 month LIBOR   | 9,759    |               | 9,725      |               | 9,734    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| DTE Enterprises, LLC (11)                                                                                 | April 13, 2018       | Industrial Powertrain Repair and Services                                                                  | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 9.24%, Secured Debt (Maturity - April 13, 2023) (8)                                                       | 1 month LIBOR   | $             | 10,992   |                 | $             | 10,831   |                 | $           | 10,992  |  |
|                                                                                                           |                      |                                                                                                            | Class AA Preferred Member Units (non-voting) (16)                                                                                                        | —         | —  |               | 838        |               | 859      |                 |
|                                                                                                           |                      |                                                                                                            | Class A Preferred Member Units (776,316 units) (16)                                                                                                      | —         | —  |               | 776        |               | 1,490    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 12,445   |                 | 13,341   |               |
| Dynamic Communities, LLC  (8) (11)                                                                        | July 17, 2018        | Developer of Business Events and Online Community Groups                                                   | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 9.71%, Secured Debt (Maturity - July 17, 2023)                                                            | 3 month LIBOR   | 5,425    |               | 5,341      |               | 5,425    |                 |
| Epic Y-Grade Services, LP (8)                                                                             | June 25, 2018        | NGL Transportation & Storage                                                                           | LIBOR Plus 6.00% (Floor 0.00%), Current Coupon 8.04%, Secured Debt (Maturity - June 13, 2024)                                                            | 3 month LIBOR   | 10,275   |               | 10,115     |               | 10,050   |                 |
| Evergreen Skills Lux S.á r.l. (d/b/a Skillsoft) (8) (9)                                      | April 10, 2015       | Technology-Based Performance Support Solutions                                                             | LIBOR Plus 8.25% (Floor 1.00%), Current Coupon 10.45%, Secured Debt (Maturity - April 28, 2022) (14)                                                     | 6 month LIBOR   | 10,901   |               | 10,669     |               | 3,060    |                 |
| Felix Investments Holdings II, LLC (8) (11)                                                               | August 9, 2017       | Oil and Gas Exploration and Production                                                                     | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.40%, Secured Debt (Maturity - August 9, 2022)                                                           | 1 month LIBOR   | 5,000    |               | 4,937      |               | 5,000    |                 |
| Flavors Holdings, Inc. (8)                                                                                | October 14,2014      | Global Provider of Flavoring and Sweetening Products and Solutions                                         | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 7.69%, Secured Debt (Maturity - April 3, 2020)                                                            | 3 month LIBOR   | 10,719   |               | 10,667     |               | 10,076   |                 |
| GoWireless Holdings, Inc. (8)                                                                             | January 10, 2018     | Provider of Wireless Telecommunications Carrier Services                                                   | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.30%, Secured Debt (Maturity - December 22, 2024)                                                        | 3 month LIBOR   | 14,910   |               | 14,803     |               | 14,377   |                 |
| HDC/HW Intermediate Holdings, LLC (8) (11)                                                            | December 21, 2018    | Managed Services and Hosting Provider                                                                      | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 9.45%, Secured Debt (Maturity - December 21, 2023)                                                        | 3 month LIBOR   | 1,961    |               | 1,928      |               | 1,958    |                 |
| Hoover Group, Inc. (8) (9) (11)                                                                           | October 21, 2016     | Provider of Storage Tanks and Related Products to the Energy and Petrochemical Markets                     | LIBOR Plus 7.25% (Floor 1.00%), Current Coupon 9.16%, Secured Debt (Maturity - January 28, 2021)                                                         | 3 month LIBOR   | 22,045   |               | 21,529     |               | 20,391   |                 |
| Hunter Defense Technologies, Inc. (8) (11)                                                                | March 29, 2018       | Provider of Military and Commercial Shelters and Systems                                                   | LIBOR Plus 7.00% (Floor 1.00%), Current Coupon 8.94%, Secured Debt (Maturity - March 29, 2023)                                                           | 3 month LIBOR   | 15,944   |               | 15,676     |               | 15,944   |                 |
| HW Temps, LLC (10) (13)                                                                                   | July 2, 2015         | Temporary Staffing Solutions                                                                               | 8.00% Secured Debt (Maturity - March 29, 2023)                                                                                                           | None            | 2,545    |               | 2,498      |               | 2,230    |                 |
| Hydrofarm Holdings, LLC (8) (11)                                                                          | May 18, 2017         | Wholesaler of Horticultural Products                                                                       | LIBOR Plus 10.00%, Current Coupon 3.54% / 8.26% PIK, Current Coupon Plus PIK 11.80%, Secured Debt (Maturity - May 12, 2022)                          | 1 month LIBOR   | 7,658    |               | 7,573      |               | 6,410    |                 |
| Hyperion Materials & Technologies, Inc. (8)                                                           | September 12, 2019   | Manufacturer of Cutting and Machine Tools and Specialty Polishing Compounds                                | LIBOR Plus 5.50% (Floor 1.00%), Current Coupon 7.30%, Secured Debt (Maturity - August 28, 2026)                                                          | 1 month LIBOR   | 7,500    |               | 7,355      |               | 7,425    |                 |
| iEnergizer Limited (8) (9) (11)                                                                           | May 8, 2013          | Provider of Business Outsourcing Solutions                                                                 | LIBOR Plus 6.00% (Floor 1.25%), Current Coupon 7.79%, Secured Debt (Maturity - April 17, 2024)                                                           | 1 month LIBOR   | 12,963   |               | 12,848     |               | 12,963   |                 |
| Implus Footcare, LLC (8) (11)                                                                             | June 1, 2017         | Provider of Footwear and Related Accessories                                                               | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 8.19%, Secured Debt (Maturity - April 30, 2024)                                                           | 3 month LIBOR   | 16,977   |               | 16,644     |               | 16,655   |                 |
| Independent Pet Partners Intermediate Holdings, LLC (11)                                                  | November 20, 2018    | Omnichannel Retailer of Specialty Pet Products                                                             | LIBOR Plus 9.00% (Floor 1.00%), Current Coupon 10.89%, Secured Debt (Maturity - November 19, 2023) (8)                                                   | 3 month LIBOR   | 14,376   |               | 14,120     |               | 14,376   |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (1,191,667 units)                                                                                                                           | —         | —  |               | 1,192      |               | 964      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 15,312   |                 | 15,340   |               |
| Industrial Services Acquisitions, LLC (11)                                                                | June 17, 2016        | Industrial Cleaning Services                                                                               | 6.00% Current / 7.00% PIK, Current Coupon 13.00%, Unsecured Debt (Maturity - December 17, 2022) (17)                                                 | None            | 12,014   |               | 11,990     |               | 12,014   |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (Industrial Services Investments, LLC) (336 units; 10.00% cumulative)                                                                   | —         | —  |               | 202        |               | 202      |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (Industrial Services Investments, LLC) (187 units; 20.00% cumulative)                                                         | —         | —  |               | 124        |               | 124      |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (Industrial Services Investments, LLC) (2,100 units)                                                                                        | —         | —  |               | 2,100      |               | 1,191    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 14,416   |                 | 13,531   |               |
| Interface Security Systems, L.L.C. (8) (11)                                                               | May 18, 2017         | Commercial Security and Alarm Services                                                                     | LIBOR Plus 7.00% (Floor 1.75%), Current Coupon 8.80%, Secured Debt (Maturity - August 7, 2023)                                                           | 1 month LIBOR   | 7,500    |               | 7,363      |               | 7,363    |                 |
| Intermedia Holdings, Inc. (8)                                                                             | August 13, 2018      | Unified Communications as a Service                                                                        | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.80%, Secured Debt (Maturity - July 19, 2025)                                                            | 1 month LIBOR   | $             | 3,516    |                 | $             | 3,487    |                 | $           | 3,525   |  |
| Invincible Boat Company, LLC (8) (11)                                                                     | May 18, 2017         | Manufacturer of Sport Fishing Boats                                                                        | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.45%, Secured Debt (Maturity - August 28, 2025)                                                          | 3 month LIBOR   | 9,873    |               | 9,773      |               | 9,773    |                 |
| Isagenix International, LLC (8)                                                                           | July 5, 2018         | Direct Marketer of Health and Wellness Products                                                            | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 7.70%, Secured Debt (Maturity - June 14, 2025)                                                            | 3 month LIBOR   | 5,943    |               | 5,893      |               | 4,273    |                 |
| JAB Wireless, Inc. (8) (11)                                                                               | May 2, 2018          | Fixed Wireless Broadband Provider                                                                          | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 9.74%, Secured Debt (Maturity - May 2, 2023)                                                              | 3 month LIBOR   | 14,775   |               | 14,668     |               | 14,775   |                 |
| Jackmont Hospitality, Inc. (8) (11)                                                                       | May 26, 2015         | Franchisee of Casual Dining Restaurants                                                                    | LIBOR Plus 6.75% (Floor 1.00%), Current Coupon 8.45%, Secured Debt (Maturity  - May 26, 2021)                                                            | 1 month LIBOR   | 8,119    |               | 8,111      |               | 8,119    |                 |
| Joerns Healthcare, LLC (8)                                                                                | April 3, 2013        | Manufacturer and Distributor of Health Care Equipment & Supplies                                       | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.91%, Secured Debt (Maturity - August 21, 2024)                                                          | 3 month LIBOR   | 3,335    |               | 3,276      |               | 3,276    |                 |
|                                                                                                           |                      |                                                                                                            | Common Stock (472,579 shares)                                                                                                                            | —         | —  |               | 3,678      |               | 3,678    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 6,954    |                 | 6,954    |               |
| Kemp Technologies, Inc. (8) (11)                                                                          | May 26, 2015         | Provider of Application Delivery Controllers                                                               | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 8.17%, Secured Debt (Maturity  - March 29, 2024)                                                          | 1 month LIBOR   | 7,463    |               | 7,326      |               | 7,463    |                 |
| Knight Energy Services LLC (11)                                                                           | November 14, 2018    | Oil and Gas Equipment & Services                                                                       | 8.50% PIK Secured Debt (Maturity - February 9, 2024)                                                                                                     | None            | 828      |               | 828        |               | 828      |                 |
|                                                                                                           |                      |                                                                                                            | Class A-2 Shares (25,692 units)                                                                                                                          | —         | —  |               | 1,843      |               | 1,843    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,671    |                 | 2,671    |               |
| Kore Wireless Group, Inc. (8)                                                                             | May 17, 2017         | Mission Critical Software Platform                                                                         | LIBOR Plus 5.50% (Floor 1.00%) PIK, 7.44%, Secured Debt (Maturity - December 20, 2024)                                                                   | 3 month LIBOR   | 6,061    |               | 6,036      |               | 6,023    |                 |
| Larchmont Resources, LLC (9)                                                                              | October 15, 2013     | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 7.00% (Floor 1.00%) PIK, 8.89% PIK, Secured Debt (Maturity - August 7, 2020) (8)                                                              | 3 month LIBOR   | 3,614    |               | 3,638      |               | 3,352    |                 |
|                                                                                                           |                      |                                                                                                            | Member units (Larchmont Intermediate Holdco, LLC) (4,806 units)                                                                                          | —         | —  |               | 601        |               | 1,201    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 4,239    |                 | 4,553    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Laredo Energy VI, LP (8) (11)                                                                             | January 15, 2019     | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 9.63% (Floor 2.00%), Current Coupon 5.38% / 6.26% PIK, Current Coupon PIK 11.64%, Secured Debt (Maturity - November 19, 2021)             | 3 month LIBOR   | 11,228   |               | 11,093     |               | 10,554   |                 |
| Lightbox Holdings, L.P. (8)                                                                               | May 17, 2017         | Provider of Commercial Real Estate Software                                                                | LIBOR Plus 5.00% (Floor 0.00%), Current Coupon 6.74%, Secured Debt (Maturity - May 9, 2026)                                                              | 1 month LIBOR   | 4,975    |               | 4,904      |               | 4,913    |                 |
| LL Management, Inc. (8) (11)                                                                              | May 17, 2017         | Medical Transportation Service Provider                                                                    | LIBOR Plus 6.50% (Floor 1.00%), Current Coupon 8.56%, Secured Debt (Maturity - September 25, 2023)                                                       | 3 month LIBOR   | 13,719   |               | 13,590     |               | 13,719   |                 |
| Logix Acquisition Company, LLC (8) (11)                                                                   | June 24, 2016        | Competitive Local Exchange Carrier                                                                         | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 7.55%, Secured Debt (Maturity - December 22, 2024) (23)                                                   | 1 month LIBOR   | 12,756   |               | 12,682     |               | 12,628   |                 |
| LSF9 Atlantis Holdings, LLC (8)                                                                           | May 17, 2017         | Provider of Wireless Telecommunications Carrier Services                                                   | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.74%, Secured Debt (Maturity - May 1, 2023)                                                              | 1 month LIBOR   | 13,124   |               | 13,059     |               | 12,157   |                 |
| Lulu’s Fashion Lounge, LLC (8) (11)                                                                 | September 8, 2017    | Fast Fashion E-Commerce Retailer                                                                           | LIBOR Plus 9.00% (Floor 1.00%), Current Coupon 10.80%, Secured Debt (Maturity - August 28, 2022)                                                         | 1 month LIBOR   | 5,668    |               | 5,533      |               | 5,554    |                 |
| Lynx FBO Operating LLC (11)                                                                               | March 10, 2017       | Fixed Based Operator in the General Aviation Industry                                                      | LIBOR Plus 5.75% (Floor 1.00%), Current Coupon 7.86%, Secured Debt (Maturity - September 30, 2024) (8)                                                   | 3 month LIBOR   | 13,750   |               | 13,451     |               | 13,487   |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (3,704 units)                                                                                                                               | —         | —  |               | 500        |               | 500      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 13,951   |                 | 13,987   |               |
| Mac Lean-Fogg Company (11)                                                                                | July 6, 2018         | Manufacturer and Supplier for Auto and Power Markets                                                       | LIBOR Plus 5.00% (Floor 0.00%), Current Coupon 6.80%, Secured Debt (Maturity - December 22, 2028) (8)                                                    | 1 month LIBOR   | 7,135    |               | 7,083      |               | 7,135    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (650 shares; 4.50% Cash / 9.25% PIK, cumulative) (16)                                                                            | —         | —  |               | 771        |               | 771      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 7,854    |                 | 7,906    |               |
| Mariner CLO 7, Ltd. (9) (15)                                                                              | May 8, 2019          | Structured Finance                                                                                         | Subordinated Structured Notes (estimated yield of 8.30% due April 30, 2032)                                                                              | —         | 25,935   |               | 22,810     |               | 19,028   |                 |
| Mills Fleet Farm Group LLC (8) (11)                                                                       | October 24, 2018     | Omnichannel Retailer of Work, Farm and Lifestyle Merchandise                                               | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 8.29% / 0.75% PIK, Current Coupon Plus PIK 9.04%, Secured Debt (Maturity - October 24, 2024)          | 3 month LIBOR   | $             | 14,883   |                 | $             | 14,556   |                 | $           | 14,184  |  |
| NinjaTrader, LLC (8) (11)                                                                                 | June 10, 2014        | Operator of Futures Trading Platform                                                                       | LIBOR Plus 6.00% (Floor 1.50%), Current Coupon 9.04%, Secured Debt (Maturity - December 18, 2024)                                                        | 1 month LIBOR   | 9,675    |               | 9,490      |               | 9,490    |                 |
| NNE Partners, LLC (8) (11)                                                                                | March 2, 2017        | Oil & Gas Exploration & Production                                                                 | LIBOR Plus 8.00%, (Floor 0.00%), Current Coupon 9.91%, Secured Debt (Maturity - March 2, 2022)                                                           | 3 month LIBOR   | 20,417   |               | 20,320     |               | 20,172   |                 |
| North American Lifting Holdings, Inc. (8)                                                                 | February 26, 2015    | Crane Service Provider                                                                                     | LIBOR Plus 4.50% (Floor 1.00%), Current Coupon 6.44%, Secured Debt (Maturity - November 27, 2020)                                                        | 3 month LIBOR   | 6,179    |               | 5,959      |               | 5,228    |                 |
| Novetta Solutions, LLC (8)                                                                                | July 26, 2017        | Provider of Advanced Analytics Solutions for Defense Agencies                                              | LIBOR Plus 5.00% (Floor 1.00%), Current Coupon 6.80%, Secured Debt (Maturity - October 17, 2022)                                                         | 1 month LIBOR   | 14,823   |               | 14,573     |               | 14,604   |                 |
| NTM Acquisition Corp. (8)                                                                                 | July 12, 2016        | Provider of B2B Travel Information Content                                                                 | LIBOR Plus 6.25% (Floor 1.00%), Current Coupon 8.05%, Secured Debt (Maturity - June 7, 2022)                                                             | 1 month LIBOR   | 4,518    |               | 4,490      |               | 4,518    |                 |
| Pasha Group (8)                                                                                           | February 2, 2018     | Diversified Logistics and Transportation Provided                                                          | LIBOR Plus 7.50% (Floor 1.00%), Current Coupon 9.35%, Secured Debt (Maturity - January 26, 2023)                                                         | 2 month LIBOR   | 8,984    |               | 8,781      |               | 9,074    |                 |
| Permian Holdco 2, Inc.                                                                                    | October 31, 2016     | Storage Tank Manufacturer                                                                                  | 14.00% PIK Unsecured Debt (Maturity - October 15, 2021) (17)                                                                                             | None            | 1,138    |               | 1,138      |               | 851      |                 |
|                                                                                                           |                      |                                                                                                            | 18.00% PIK Unsecured Debt (Maturity - June 30, 2022) (17)                                                                                                | None            | 794      |               | 794        |               | 794      |                 |
|                                                                                                           |                      |                                                                                                            | Series A Preferred Shares (Permian Holdco 1, Inc.) (386,255 shares)                                                                                      | —         | —  |               | 1,997      |               | 250      |                 |
|                                                                                                           |                      |                                                                                                            | Common Shares (Permian Holdco 1, Inc.) (386,255 shares)                                                                                                  | —         | —  |               | —    |               | —  |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 3,929    |                 | 1,895    |               |
| PricewaterhouseCoopers Public Sector LLP (8)                                                              | June 4, 2018         | Provider of Consulting Services to Governments                                                             | LIBOR Plus 8.00% (Floor 0.00%), Current Coupon 9.80%, Secured Debt (Maturity - May 1, 2026) (14)                                                         | 1 month LIBOR   | 14,100   |               | 14,057     |               | 13,889   |                 |
| RM Bidder, LLC (11)                                                                                       | November 12, 2015    | Scripted and Unscripted TV and Digital Programming Provider                                                | Common Stock (1,854 shares)                                                                                                                              | —         | —  |               | 31         |               | 12       |                 |
|                                                                                                           |                      |                                                                                                            | Series A Warrants (124,915 equivalent units, Expiration - October 20, 2025)                                                                              | —         | —  |               | 284        |               | —  |                 |
|                                                                                                           |                      |                                                                                                            | Series B Warrants (93,686 equivalent units, Expiration - October 20, 2025)                                                                               | —         | —  |               | —    |               | —  |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 315      |                 | 12       |               |
| Salient Partners, LP (8) (11)                                                                             | June 25, 2015        | Provider of Asset Management Services                                                                      | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.80%, Secured Debt (Maturity - June 9, 2021)                                                             | 1 month LIBOR   | 6,450    |               | 6,511      |               | 6,450    |                 |
| Slick Software Holdings LLC (10) (13)                                                                     | September 13, 2018   | Text Messaging Marketing Platform                                                                          | 14.00% Secured Debt (Maturity - September 13, 2023)                                                                                                      | None            | 1,590    |               | 1,336      |               | 1,336    |                 |
|                                                                                                           |                      |                                                                                                            | Member units (17,500 units) (16)                                                                                                                         | —         | —  |               | 175        |               | 270      |                 |
|                                                                                                           |                      |                                                                                                            | Warrants (4,521 equivalent units, Expiration - September 13, 2028)                                                                                       | —         | —  |               | 45         |               | 73       |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 1,556    |                 | 1,679    |               |
| Smart Modular Technologies, Inc. (8) (9) (11)                                                             | August 18, 2017      | Provider of Specialty Memory Solutions                                                                     | LIBOR Plus 6.25%, (Floor 1.00%), Current Coupon 8.16%, Secured Debt (Maturity - August 9, 2022)                                                          | 3 month LIBOR   | 18,484   |               | 18,340     |               | 18,669   |                 |
| TEAM Public Choices, LLC (8) (11)                                                                         | August 18, 2017      | Home-Based Care Employment Service Provider                                                                | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.80%, Secured Debt (Maturity - September 20, 2024)                                                       | 1 month LIBOR   | 9,626    |               | 9,530      |               | 9,529    |                 |
| TE Holdings, LLC                                                                                          | July 14, 2014        | Oil & Gas Exploration & Production                                                                 | Common Units (72,785 units)                                                                                                                              | —         | —  |               | 728        |               | —  |                 |
| TGP Holdings III LLC (8)                                                                                  | October 25, 2018     | Outdoor Cooking & Accessories                                                                          | LIBOR Plus 8.50% (Floor 1.00%), Current Coupon 10.30%, Secured Debt (Maturity - September 25, 2025) (14)                                                 | 1 month LIBOR   | 5,000    |               | 5,000      |               | 4,675    |                 |
| TMC Merger Sub Corp (8)                                                                                   | December 22, 2016    | Refractory & Maintenance Services Provider                                                             | LIBOR Plus 6.75% (Floor 1.00%), Current Coupon 8.56%, Secured Debt (Maturity - October 31, 2022) (25)                                                    | 1 month LIBOR   | 16,835   |               | 16,691     |               | 16,689   |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| TOMS Shoes, LLC                                                                                           | November 13, 2014    | Global Designer, Distributor, and Retailer of Casual Footwear                                              | LIBOR Plus 5.50% (Floor 1.00%), Current Coupon 7.46%, Secured Debt (Maturity - October 30, 2020)                                                         | 3 month LIBOR   | $             | 571      |                 | $             | 571      |                 | $           | 571     |  |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 5.00% (Floor 1.00%), Current Coupon 6.96%, Secured Debt (Maturity - December 31, 2025) (8) (14)                                               | 3 month LIBOR   | 1,637    |               | 1,637      |               | 1,637    |                 |
|                                                                                                           |                      |                                                                                                            | Member Units (13,866 units)                                                                                                                              | —         | —  |               | 220        |               | 220      |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 2,428    |                 | 2,428    |               |
| USA DeBusk LLC (8) (11)                                                                                   | August 18, 2017      | Provider of Industrial Cleaning Services                                                                   | LIBOR Plus 5.75%, (Floor 1.00%), Current Coupon 7.54%, Secured Debt (Maturity - October 22, 2024)                                                        | 1 month LIBOR   | 20,000   |               | 19,615     |               | 19,615   |                 |
| U.S. Telepacific Corp. (8)                                                                                | September 14, 2016   | Provider of Communications and Managed Services                                                            | LIBOR Plus 5.00% (Floor 1.00%), Current Coupon 6.94%, Secured Debt (Maturity - May 2, 2023)                                                              | 3 month LIBOR   | 12,500   |               | 12,297     |               | 12,032   |                 |
| Vida Capital, Inc. (8)                                                                                    | March 9, 2017        | Alternative Asset Manager                                                                                  | LIBOR Plus 6.00% (Floor 0.00%), Current Coupon 7.93%, Secured Debt (Maturity - October 1, 2026)                                                          | 3 month LIBOR   | 7,500    |               | 7,391      |               | 7,425    |                 |
| VIP Cinema Holdings, Inc. (8)                                                                             | March 9, 2017        | Supplier of Luxury Seating to the Cinema Industry                                                          | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 9.91%, Secured Debt (Maturity - March 1, 2023) (18)                                                       | 3 month LIBOR   | 8,750    |               | 8,724      |               | 4,611    |                 |
| Vistar Media, Inc. (11)                                                                                   | February 17, 2017    | Operator of Digital Out-of-Home Advertising Platform                                                       | LIBOR Plus 8.00% (Floor 1.00%), Current Coupon 10.00%, Secured Debt (Maturity - April 3, 2023) (8)                                                       | 3 month LIBOR   | 4,963    |               | 4,790      |               | 4,963    |                 |
|                                                                                                           |                      |                                                                                                            | Warrants (69,675 equivalent units, Expiration - April 3, 2029)                                                                                           | —         | —  |               | —    |               | 1,630    |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Stock (70,207 shares)                                                                                                                          | —         | —  |               | 767        |               | 1,610    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 5,557    |                 | 8,203    |               |
| Volusion, LLC (10) (13)                                                                                   | January 26, 2015     | Provider of Online Software-as-a-Service eCommerce Solutions                                               | 11.50% Secured Debt (Maturity - January 24, 2020)                                                                                                        | None            | 8,672    |               | 8,611      |               | 8,290    |                 |
|                                                                                                           |                      |                                                                                                            | 8.00% Unsecured Convertible Debt (Maturity - November 16, 2023)                                                                                          | None            | 175      |               | 175        |               | 124      |                 |
|                                                                                                           |                      |                                                                                                            | Preferred Member Units (2,090,001 units)                                                                                                                 | —         | —  |               | 6,000      |               | 6,000    |                 |
|                                                                                                           |                      |                                                                                                            | Warrants (784,866.80 equivalent units, Expiration - January 26, 2025)                                                                                    | —         | —  |               | 1,104      |               | 64       |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 15,890   |                 | 14,478   |               |
| Wireless Vision Holdings, LLC (8) (11)                                                                    | September 29, 2017   | Provider of Wireless Telecommunications Carrier Services                                                   | LIBOR Plus 9.65% (Floor 1.00%), Current Coupon 11.66% / 1.00% PIK, Current Coupon Plus PIK 12.66%, Secured Debt (Maturity - September 29, 2022) (23) | 1 month LIBOR   | 7,148    |               | 7,023      |               | 7,148    |                 |
|                                                                                                           |                      |                                                                                                            | LIBOR Plus 9.91% (Floor 1.00%), Current Coupon 11.61% / 1.00% PIK, Current Coupon Plus PIK 12.61%, Secured Debt (Maturity - September 29, 2022) (23) | 1 month LIBOR   | 6,213    |               | 6,029      |               | 6,213    |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               | 13,052   |                 | 13,361   |               |
| YS Garments, LLC (8)                                                                                      | August 20, 2018      | Designer and Provider of Branded Activewear                                                                | LIBOR Plus 6.00% (Floor 1.00%), Current Coupon 7.62%, Secured Debt (Maturity - August 9, 2024)                                                           | 1 month LIBOR   | 7,266    |               | 7,206      |               | 7,201    |                 |
| Subtotal Non-Control/Non-Affiliate Investments (5) (82% of total portfolio investments at fair value) |                      |                                                                                                            | $                                                                                                                                                        | 878,632    |               | $             | 838,643    |               |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Total Portfolio Investments                                                                               |                      |                                                                                                            |                                                                                                                                                          |                 |               | $             | 1,040,055  |               | $             | 1,027,597  |             |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Short Term Investments (20)                                                                               |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Fidelity Institutional Money Market Funds (21)                                                            |                      | —                                                                                                    | Prime Money Market Portfolio, Class III Shares                                                                                                           | —         | —  |               | $               | 3,482    |               | $               | 3,482  |              |
| US Bank Money Market Account (21)                                                                         |                      | —                                                                                                    | —                                                                                                                                                  | —         | —  |               | 15,973     |               | 15,973   |                 |
|                                                                                                           |                      |                                                                                                            |                                                                                                                                                          |                 |               |               |                 |
| Total Short Term Investments                                                                              |                      |                                                                                                            |                                                                                                                                                          |                 |               | $             | 19,455     |               | $             | 19,455     |             |

|                                                |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |  |               |   |               |  |               |   |               |  |   |             |  |   |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------|--|---------------------------------|---------------|---------------------------------------|---------------|---------------------------|--------------|---------------------------------------|--|---------------------------------|---------------|--------------------------|-----------------|---------------|-----------------|--|---------------|---|---------------|--|---------------|---|---------------|--|---|-------------|--|---|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                |  |                                 |               | Twelve Months Ended December 31, 2019 |               |                           |              | Twelve Months Ended December 31, 2019 |
| Affiliate Investments                          |  | Fair Value at December 31, 2018 |               | Gross Additions (Cost)*               |               | Gross Reductions (Cost)** |              | Net Unrealized Gain (Loss)***         |  | Fair Value at December 31, 2019 |               | Net Realized Gain (Loss) | Interest Income | Fee Income    | Dividend Income |
|                                                |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| AFG Capital Group, LLC                         |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | $                               | —  |                                       |               | $                         | 260     |                                       |  | $                               | (51)          |                          |                 | $             | —    |  |               | $ | 209      |  |               | $ | —  |  | $ | 16     |  | $ | —  |  | $ | —  |  |
| Member units                                   |  | 995                        |               |                                       | 1        |                           |              | —                          |  |                                 | 299      |                          |                 | 1,295    |                 |  | —  |   | —  |  | —  |   | (10)          |  |
| Warrants                                       |  | 237                        |               |                                       | 195      |                           |              | (260)                                 |  |                                 | (172)         |                          |                 | —  |                 |  | 195      |   | —  |  | —  |   | —  |  |
| Analytical Systems Keco, LLC                   |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | —                    |               |                                       | 1,403    |                           |              | (143)                                 |  |                                 | 6        |                          |                 | 1,266    |                 |  | —  |   | 69       |  | —  |   | —  |  |
| Preferred member units                         |  | —                    |               |                                       | 800      |                           |              | —                          |  |                                 | —  |                          |                 | 800      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Warrants                                       |  | —                    |               |                                       | 79       |                           |              | —                          |  |                                 | —  |                          |                 | 79       |                 |  | —  |   | —  |  | —  |   | —  |  |
|                                                |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Brewer Crane Holdings, LLC                     |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 2,347                      |               |                                       | 10       |                           |              | (124)                                 |  |                                 | —  |                          |                 | 2,233    |                 |  | —  |   | 297      |  | —  |   | —  |  |
| Preferred member units                         |  | 1,070                      |               |                                       | —  |                           |              | —                          |  |                                 | —  |                          |                 | 1,070    |                 |  | —  |   | —  |  | —  |   | 30       |  |
| Centre Technologies Holdings, LLC              |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | —                    |               |                                       | 3,069    |                           |              | (67)                                  |  |                                 | 6        |                          |                 | 3,008    |                 |  | —  |   | 362      |  | 30       |   | —  |  |
| Preferred member units                         |  | —                    |               |                                       | 1,460    |                           |              | —                          |  |                                 | —  |                          |                 | 1,460    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Chamberlin Holding, LLC                        |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 4,933                      |               |                                       | 28       |                           |              | (608)                                 |  |                                 | 90       |                          |                 | 4,443    |                 |  | —  |   | 633      |  | 75       |   | —  |  |
| Member units                                   |  | 4,735                      |               |                                       | —  |                           |              | —                          |  |                                 | 1,274    |                          |                 | 6,009    |                 |  | —  |   | —  |  | —  |   | 276      |  |
| Member units (Langfield RE, LLC)               |  | 183                        |               |                                       | 79       |                           |              | —                          |  |                                 | 101      |                          |                 | 363      |                 |  | —  |   | —  |  | —  |   | 90       |  |
| Charlotte Russe, Inc.                          |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Common stock                                   |  | 3,090                      |               |                                       | —  |                           |              | (6,236)                               |  |                                 | 3,146    |                          |                 | —  |                 |  | (5,430)       |   | (84)          |  | —  |   | —  |  |
| Charps, LLC                                    |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 2,975                      |               |                                       | 452      |                           |              | (3,374)                               |  |                                 | (53)          |                          |                 | —  |                 |  | —  |   | 236      |  | —  |   | —  |  |
| Term loan                                      |  | —                    |               |                                       | 500      |                           |              | —                          |  |                                 | —  |                          |                 | 500      |                 |  | —  |   | 4        |  | 2        |   | —  |  |
| Preferred member units                         |  | 568                        |               |                                       | —  |                           |              | —                          |  |                                 | 1,162    |                          |                 | 1,730    |                 |  | —  |   | —  |  | —  |   | 134      |  |
| Clad-Rex Steel, LLC                            |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 3,020                      |               |                                       | 14       |                           |              | (300)                                 |  |                                 | (38)          |                          |                 | 2,696    |                 |  | —  |   | 348      |  | —  |   | —  |  |
| Member units                                   |  | 2,653                      |               |                                       | —  |                           |              | —                          |  |                                 | (245)         |                          |                 | 2,408    |                 |  | —  |   | 1        |  | —  |   | 67       |  |
| Term loan (Clad-Rex Steel RE Investor, LLC)    |  | 288                        |               |                                       | —  |                           |              | (5)                                   |  |                                 | (1)           |                          |                 | 282      |                 |  | —  |   | 29       |  | —  |   | —  |  |
| Member units (Clad-Rex Steel RE Investor, LLC) |  | 88                         |               |                                       | —  |                           |              | —                          |  |                                 | 27       |                          |                 | 115      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Copper Trail Energy Fund I, LP                 |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| LP Interests                                   |  | —                    |               |                                       | 4,029    |                           |              | (1,916)                               |  |                                 | (470)         |                          |                 | 1,643    |                 |  | —  |   | —  |  | 17       |   | (250)         |  |
| Digital Products Holdings, LLC                 |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 6,320                      |               |                                       | 42       |                           |              | (1,530)                               |  |                                 | (221)         |                          |                 | 4,611    |                 |  | —  |   | 756      |  | —  |   | —  |  |
| Preferred member units                         |  | 2,116                      |               |                                       | 259      |                           |              | —                          |  |                                 | (1,081)       |                          |                 | 1,294    |                 |  | —  |   | —  |  | —  |   | 37       |  |
| Direct Marketing Solutions, Inc.               |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 4,404                      |               |                                       | 29       |                           |              | (574)                                 |  |                                 | 70       |                          |                 | 3,929    |                 |  | —  |   | 612      |  | —  |   | —  |  |
| Preferred stock                                |  | 3,725                      |               |                                       | —  |                           |              | —                          |  |                                 | 1,326    |                          |                 | 5,051    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Freeport Financial Funds                       |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| LP interests                                   |  | 10,980                     |               |                                       | 798      |                           |              | (1,998)                               |  |                                 | (84)          |                          |                 | 9,696    |                 |  | —  |   | —  |  | —  |   | 1,033    |  |
| Gamber-Johnson Holdings, LLC                   |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 5,371                      |               |                                       | 23       |                           |              | (616)                                 |  |                                 | (23)          |                          |                 | 4,755    |                 |  | —  |   | 503      |  | —  |   | —  |  |
| Member units                                   |  | 11,365                     |               |                                       | —  |                           |              | —                          |  |                                 | 1,987    |                          |                 | 13,352   |                 |  | —  |   | —  |  | —  |   | 930      |  |
| Guerdon Modular Holdings, Inc.                 |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 3,001                      |               |                                       | 11       |                           |              | (19)                                  |  |                                 | (2,993)       |                          |                 | —  |                 |  | —  |   | (252)         |  | —  |   | —  |  |
| Term loan                                      |  | —                    |               |                                       | 252      |                           |              | —                          |  |                                 | (252)         |                          |                 | —  |                 |  | —  |   | 2        |  | 3        |   | —  |  |
| Common stock                                   |  | —                    |               |                                       | —  |                           |              | —                          |  |                                 | —  |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| Class B preferred stock                        |  | —                    |               |                                       | —  |                           |              | —                          |  |                                 | —  |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| Gulf Publishing Holdings, LLC                  |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 3,131                      |               |                                       | 14       |                           |              | (33)                                  |  |                                 | 12       |                          |                 | 3,124    |                 |  | —  |   | 412      |  | —  |   | —  |  |
| Revolving line of credit                       |  | —                    |               |                                       | 80       |                           |              | (10)                                  |  |                                 | —  |                          |                 | 70       |                 |  | —  |   | 6        |  | —  |   | —  |  |
| Member units                                   |  | 1,030                      |               |                                       | 1        |                           |              | —                          |  |                                 | (426)         |                          |                 | 605      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Harris Preston Fund Investments                |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| LP interests (HPEP 3, LP)                      |  | 1,733                      |               |                                       | 741      |                           |              | —                          |  |                                 | —  |                          |                 | 2,474    |                 |  | —  |   | —  |  | —  |   | —  |  |
| LP interests (2717 HM, LP)                     |  | 1,133                      |               |                                       | 1,195    |                           |              | (2,328)                               |  |                                 | —  |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
|                                                |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Hawk Ridge Systems, LLC                        |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | $                               | 3,575    |                                       |               | $                         | 17      |                                       |  | $                               | (225)         |                          |                 | $             | (17)            |  |               | $ | 3,350    |  |               | $ | —  |  | $ | 379    |  | $ | —  |  | $ | —  |  |
| Revolving line of credit                       |  | —                    |               |                                       | 151      |                           |              | (3)                                   |  |                                 | —  |                          |                 | 148      |                 |  | —  |   | 1        |  | —  |   | —  |  |
| Preferred member units                         |  | 1,815                      |               |                                       | —  |                           |              | —                          |  |                                 | 160      |                          |                 | 1,975    |                 |  | —  |   | —  |  | —  |   | 94       |  |
| Preferred member units (HRS Services, ULC)     |  | 95                         |               |                                       | —  |                           |              | —                          |  |                                 | 10       |                          |                 | 105      |                 |  | —  |   | —  |  | —  |   | —  |  |
| HW Temps, LLC                                  |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 2,484                      |               |                                       | 391      |                           |              | (2,875)                               |  |                                 | —  |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| Preferred member units                         |  | 986                        |               |                                       | —  |                           |              | (986)                                 |  |                                 | —  |                          |                 | —  |                 |  | —  |   | —  |  | —  |   | —  |  |
| J & J Services, Inc.                       |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | —                    |               |                                       | 4,403    |                           |              | (88)                                  |  |                                 | —  |                          |                 | 4,315    |                 |  | —  |   | 90       |  | —  |   | —  |  |
| Preferred member units                         |  | —                    |               |                                       | 1,790    |                           |              | —                          |  |                                 | —  |                          |                 | 1,790    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Kickhaefer Manufacturer Company, LLC           |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 6,795                      |               |                                       | 51       |                           |              | (700)                                 |  |                                 | —  |                          |                 | 6,146    |                 |  | —  |   | 846      |  | —  |   | —  |  |
| Term loan                                      |  | 259                        |               |                                       | 3        |                           |              | (266)                                 |  |                                 | 4        |                          |                 | —  |                 |  | —  |   | 5        |  | —  |   | —  |  |
| Term loan                                      |  | 991                        |               |                                       | —  |                           |              | (14)                                  |  |                                 | —  |                          |                 | 977      |                 |  | —  |   | 90       |  | —  |   | —  |  |
| Preferred member units                         |  | 3,060                      |               |                                       | —  |                           |              | —                          |  |                                 | —  |                          |                 | 3,060    |                 |  | —  |   | —  |  | —  |   | 27       |  |
| Member units (KMC RE Investor, LLC)            |  | 248                        |               |                                       | —  |                           |              | —                          |  |                                 | 42       |                          |                 | 290      |                 |  | —  |   | —  |  | —  |   | —  |  |
| Market Force Information, Inc.                 |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 5,617                      |               |                                       | 115      |                           |              | (1)                                   |  |                                 | (106)         |                          |                 | 5,625    |                 |  | —  |   | 787      |  | —  |   | —  |  |
| Revolving line of credit                       |  | 50                         |               |                                       | 696      |                           |              | (50)                                  |  |                                 | (22)          |                          |                 | 674      |                 |  | —  |   | 33       |  | —  |   | —  |  |
| Member units                                   |  | 3,275                      |               |                                       | 485      |                           |              | —                          |  |                                 | (2,441)       |                          |                 | 1,319    |                 |  | —  |   | —  |  | —  |   | —  |  |
| M.H. Corbin Holding, LLC                       |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 2,934                      |               |                                       | 272      |                           |              | (1,115)                               |  |                                 | 122      |                          |                 | 2,213    |                 |  | 10       |   | 291      |  | —  |   | —  |  |
| Preferred member units                         |  | 250                        |               |                                       | —  |                           |              | —                          |  |                                 | (245)         |                          |                 | 5        |                 |  | —  |   | —  |  | —  |   | —  |  |
| Common units                                   |  | —                    |               |                                       | 1,100    |                           |              | —                          |  |                                 | 92       |                          |                 | 1,192    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Mystic Logistics Holdings, LLC                 |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 1,877                      |               |                                       | 10       |                           |              | (320)                                 |  |                                 | (6)           |                          |                 | 1,561    |                 |  | —  |   | 222      |  | —  |   | —  |  |
| Common stock                                   |  | 52                         |               |                                       | 1        |                           |              | —                          |  |                                 | 2,050    |                          |                 | 2,103    |                 |  | —  |   | —  |  | —  |   | 67       |  |
| NexRev, LLC                                    |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 4,322                      |               |                                       | 218      |                           |              | (161)                                 |  |                                 | (48)          |                          |                 | 4,331    |                 |  | —  |   | 506      |  | —  |   | —  |  |
| Preferred member units                         |  | 1,972                      |               |                                       | —  |                           |              | —                          |  |                                 | (395)         |                          |                 | 1,577    |                 |  | —  |   | —  |  | —  |   | 49       |  |
| NuStep, LLC                                    |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 5,073                      |               |                                       | 28       |                           |              | (200)                                 |  |                                 | —  |                          |                 | 4,901    |                 |  | —  |   | 655      |  | —  |   | —  |  |
| Preferred member units                         |  | 2,550                      |               |                                       | —  |                           |              | —                          |  |                                 | —  |                          |                 | 2,550    |                 |  | —  |   | —  |  | —  |   | —  |  |
| SI East, LLC                                   |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 11,582                     |               |                                       | 41       |                           |              | (762)                                 |  |                                 | 127      |                          |                 | 10,988   |                 |  | —  |   | 1,227    |  | —  |   | —  |  |
| Preferred member units                         |  | 2,000                      |               |                                       | —  |                           |              | —                          |  |                                 | 734      |                          |                 | 2,734    |                 |  | —  |   | —  |  | —  |   | 153      |  |
| SoftTouch Medical Holdings, LLC                |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | —                    |               |                                       | —  |                           |              | —                          |  |                                 | —  |                          |                 | —  |                 |  | (41)          |   | —  |  | —  |   | —  |  |
| Tedder Acquisition, LLC                        |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | 3,983                      |               |                                       | 20       |                           |              | (1)                                   |  |                                 | 64       |                          |                 | 4,066    |                 |  | —  |   | 518      |  | —  |   | —  |  |
| Revolving line of credit                       |  | 118                        |               |                                       | 300      |                           |              | (260)                                 |  |                                 | —  |                          |                 | 158      |                 |  | —  |   | 16       |  | 1        |   | —  |  |
| Preferred member units                         |  | 1,869                      |               |                                       | 165      |                           |              | —                          |  |                                 | —  |                          |                 | 2,034    |                 |  | —  |   | —  |  | —  |   | —  |  |
| Trantech Radiator Topco, LLC                   |  |                                 |               |                                       |               |                           |              |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                                      |  | —                    |               |                                       | 2,616    |                           |              | (378)                                 |  |                                 | (1)           |                          |                 | 2,237    |                 |  | —  |   | 195      |  | —  |   | —  |  |
| Common stock                                   |  | —                    |               |                                       | 1,164    |                           |              | —                          |  |                                 | —  |                          |                 | 1,164    |                 |  | —  |   | —  |  | —  |   | 17       |  |
| Total Affiliate Investments                    |  | $                               | 149,323  |                                       |               | $                         | 29,861  |                                       |  | $                               | (28,597)      |                          |                 | $             | 3,571      |  |               | $ | 154,158  |  |               | $ | (5,266)       |  | $ | 9,811  |  | $ | 128      |  | $ | 2,744    |  |

|                                 |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |  |               |   |               |  |               |   |               |  |   |               |  |   |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------|--|---------------------------------|--------------|---------------------------------------|---------------|----------------------------|-------------|---------------------------------------|--|---------------------------------|---------------|--------------------------|-----------------|---------------|-----------------|--|---------------|---|---------------|--|---------------|---|---------------|--|---|---------------|--|---|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                 |  |                                 |              | Twelve Months Ended December 31, 2019 |               |                            |             | Twelve Months Ended December 31, 2019 |
| Control Investments             |  | Fair Value at December 31, 2018 |              | Gross Additions (Cost)**              |               | Gross Reductions (Cost)*** |             | Net Unrealized Gain (Loss)            |  | Fair Value at December 31, 2019 |               | Net Realized Gain (Loss) | Interest Income | Fee Income    | Dividend Income |
|                                 |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |
| Copper Trail Energy Fund I, LP  |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |
| LP interests                    |  | $                               | 4,468   |                                       |               | $                          | 23     |                                       |  | $                               | (4,491)       |                          |                 | $             | —    |  |               | $ | —  |  |               | $ | —  |  | $ | —  |  | $ | —  |  | $ | —  |  |
| CTMH, LP                        |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |
| LP interests                    |  | 872                        |              |                                       | —  |                            |             | —                          |  |                                 | —  |                          |                 | 872      |                 |  | —  |   | —  |  | —  |   | —  |  |
| GRT Rubber Technologies, LLC    |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |
| Term loan                       |  | 4,797                      |              |                                       | 2,603    |                            |             | —                          |  |                                 | (4)           |                          |                 | 7,396    |                 |  | —  |   | 596      |  | —  |   | —  |  |
| Member units                    |  | 19,239                     |              |                                       | —  |                            |             | —                          |  |                                 | 4,133    |                          |                 | 23,372   |                 |  | —  |   | —  |  | 71       |   | 5,439    |  |
| Harris Preston Fund Investments |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |
| LP Interests (2717 HM, LP)      |  | —                    |              |                                       | 3,328    |                            |             | (497)                                 |  |                                 | 325      |                          |                 | 3,156    |                 |  | —  |   | —  |  | —  |   | —  |  |
| HMS-ORIX SLF LLC*               |  |                                 |              |                                       |               |                            |             |                                       |  |                                 |               |                          |                 |               |                 |
| Membership interests            |  | 26,351                     |              |                                       | —  |                            |             | (30,001)                              |  |                                 | 3,650    |                          |                 | —  |                 |  | (633)         |   | —  |  | —  |   | 546      |  |
| Total Control Investments       |  | $                               | 55,727  |                                       |               | $                          | 5,954  |                                       |  | $                               | (34,989)      |                          |                 | $             | 8,104      |  |               | $ | 34,796   |  |               | $ | (633)         |  | $ | 596      |  | $ | 71       |  | $ | 5,985    |  |

----

----

|                                                                                                               |                    |              |                    |               |   |              |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------|--------------------|--------------|--------------------|---------------|---|--------------|--|--|--|--|--|
|                                                                                                               | Nine Months Ended  |
|                                                                                                               | September 30, 2020 |              | September 30, 2019 |
|                                                                                                               |                    |              |                    |
| Cash and cash equivalents                                                                                     | $                  | 14,682  |                    |               | $ | 21,070  |  |
| Restricted cash                                                                                               | 16,611        |              |                    | —  |   |
| Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows | $                  | 31,293  |                    |               | $ | 21,070  |  |

----

----

----

|                                      |                         |               |         |               |         |               |               |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|--------------------------------------|-------------------------|---------------|---------|---------------|---------|---------------|---------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|                                 | Fair Value Measurements |
|                                 | Level 1                 |               | Level 2 |               | Level 3 |               | Total         |
| First lien secured debt investments  | $                       | —  |         |               | $       | —  |               |  | $ | 676,882  |  |  | $ | 676,882  |  |
| Second lien secured debt investments | —            |               |         | —  |         |               | 35,505   |  |   | 35,505   |  |
| Unsecured debt investments           | —            |               |         | —  |         |               | 12,789   |  |   | 12,789   |  |
| Equity investments (1)               | —            |               |         | —  |         |               | 177,482  |  |   | 177,482  |  |
| Total                                | $                       | —  |         |               | $       | —  |               |  | $ | 902,658  |  |  | $ | 902,658  |  |

|                                      |                         |               |         |               |         |               |               |  |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|--------------------------------------|-------------------------|---------------|---------|---------------|---------|---------------|---------------|--|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                 | Fair Value Measurements |
|                                 | Level 1                 |               | Level 2 |               | Level 3 |               | Total         |
| First lien secured debt investments  | $                       | —  |         |               | $       | —  |               |  | $ | 800,361    |  |  | $ | 800,361    |  |
| Second lien secured debt investments | —            |               |         | —  |         |               | 40,646   |  |   | 40,646     |  |
| Unsecured debt investments           | —            |               |         | —  |         |               | 13,783   |  |   | 13,783     |  |
| Equity investments (1)               | —            |               |         | —  |         |               | 172,807  |  |   | 172,807    |  |
| Total                                | $                       | —  |         |               | $       | —  |               |  | $ | 1,027,597  |  |  | $ | 1,027,597  |  |

----

|                                 |                         |               |         |               |         |               |               |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------|-------------------------|---------------|---------|---------------|---------|---------------|---------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|
|                            | Fair Value Measurements |
|                            | Level 1                 |               | Level 2 |               | Level 3 |               | Total         |
| LMM portfolio investments       | $                       | —  |         |               | $       | —  |               |  | $ | 219,910  |  |  | $ | 219,910  |  |
| Private Loan investments        | —            |               |         | —  |         |               | 445,055  |  |   | 445,055  |  |
| Middle Market investments       | —            |               |         | —  |         |               | 188,358  |  |   | 188,358  |  |
| Other Portfolio investments (1) | —            |               |         | —  |         |               | 49,335   |  |   | 49,335   |  |
| Total                           | $                       | —  |         |               | $       | —  |               |  | $ | 902,658  |  |  | $ | 902,658  |  |

|                                 |                         |               |         |               |         |               |               |  |   |                 |  |  |   |                 |  |  |  |  |  |  |  |  |  |
|---------------------------------|-------------------------|---------------|---------|---------------|---------|---------------|---------------|--|---|-----------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|
|                            | Fair Value Measurements |
|                            | Level 1                 |               | Level 2 |               | Level 3 |               | Total         |
| LMM portfolio investments       | $                       | —  |         |               | $       | —  |               |  | $ | 225,121    |  |  | $ | 225,121    |  |
| Private Loan investments        | —            |               |         | —  |         |               | 481,152  |  |   | 481,152    |  |
| Middle Market investments       | —            |               |         | —  |         |               | 272,428  |  |   | 272,428    |  |
| Other Portfolio investments (1) | —            |               |         | —  |         |               | 48,896   |  |   | 48,896     |  |
| Total                           | $                       | —  |         |               | $       | —  |               |  | $ | 1,027,597  |  |  | $ | 1,027,597  |  |

----

|                                  |               |                                      |                                      |                             |                 |                     |        |       |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------|---------------|--------------------------------------|--------------------------------------|-----------------------------|-----------------|---------------------|--------|-------|--|--|--|--|--|--|--|--|--|--|--|--|
|                             | Fair Value    | ValuationTechnique                   | Significant Unobservable Inputs      | Range                       |                 | WeightedAverage (2) |
| LMM equity investments           | $             | 95,531                          |                                      | Discounted Cash Flows       | WACC            | 11.7% - 19.9%       |        | 14.0% |
|                                  |               | Market Approach/Enterprise Value | EBITDA Multiples (1)                 | 4.0x - 10.5x                |                 | 6.8x                |
|                                  |               |                                      |                                      |                             |                 |                     |
| LMM debt investments             | 124,379  |                                      | Discounted Cash Flows                | Expected Principal Recovery | 78.0% - 100.0%  |                     | 99.2%  |
|                             |               |                                 | Risk Adjusted Discount Factor        | 8.0% - 21.1%                |                 | 13.6%               |
| Private Loan debt investments    | 378,236  |                                      | Discounted Cash Flows                | Expected Principal Recovery | 1.1% - 100.0%   |                     | 99.6%  |
|                                  |               |                                      | Risk Adjusted Discount Factor        | 5.9% - 26.6%                |                 | 10.2%               |
|                                  | 38,521   |                                      | Market Approach                      | Third Party Quotes          | 85.5% - 100.0%  |                     | 95.9%  |
| Private Loan equity investments  | 28,298   |                                      | Market Approach/Enterprise Value | EBITDA Multiples (1)        | 4.9x - 11.9x    |                     | 7.8x   |
|                                  |               | Discounted Cash Flows                | WACC                                 | 11.2% - 16.4%               |                 | 12.9%               |
| Middle Market debt investments   | 9,556    |                                      | Discounted Cash Flows                | Expected Principal Recovery | 100.0% - 100.0% |                     | 100.0% |
|                                  |               |                                      | Risk Adjusted Discount Factor        | 7.9% - 7.9%                 |                 | 7.9%                |
|                                  | 174,484  |                                      | Market Approach                      | Third Party Quotes          | 44.7% - 100.0%  |                     | 89.0%  |
| Middle Market equity investments | 4,318    |                                      | Market Approach                      | Third Party Quotes          | $0.0 - $49.6    |                     | $48.1  |
|                                  |               | Discounted Cash Flows                | WACC                                 | 11.8% - 18.0%               |                 | 11.8%               |
|                                  |               | Market Approach/Enterprise Value | EBITDA Multiples (1)                 | 3.9x - 7.7x                 |                 | 7.7x                |
| Other Portfolio investments (3)  | 30,924   |                                      | Market Approach                      | NAV (1)                     | 73.9% - 108.8%  |                     | 94.5%  |
|                                  | 18,411   |                                      | Discounted Cash Flows                | Constant Default Rate       | 1.0%            |                     | 1.0%   |
|                                  |               |                                      | Constant Prepayment Rate             | 20.0%                       |                 | 20.0%               |
|                                  |               |                                      | Reinvestment Spread                  | 3.3%                        |                 | 3.3%                |
|                                  |               |                                      | Reinvestment Price                   | 99.5%                       |                 | 99.5%               |
|                                  |               |                                      | Recovery Rate                        | 70.0%                       |                 | 70.0%               |
|                                  |               |                                      | Yield to Maturity                    | 13.2%                       |                 | 13.2%               |
|                                  | $             | 902,658                         |                                      |                             |                 |                     |        |       |

|                                  |               |                                      |                                      |                             |                 |                     |        |       |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------|---------------|--------------------------------------|--------------------------------------|-----------------------------|-----------------|---------------------|--------|-------|--|--|--|--|--|--|--|--|--|--|--|--|
|                             | Fair Value    | ValuationTechnique                   | Significant Unobservable Inputs      | Range                       |                 | WeightedAverage (2) |
| LMM equity investments           | $             | 95,554                          |                                      | Discounted Cash Flows       | WACC            | 11.0% - 18.3%       |        | 13.6% |
|                                  |               | Market Approach/Enterprise Value | EBITDA Multiples (1)                 | 4.5x - 12.0x                |                 | 6.9x                |
| LMM debt investments             | 129,567  |                                      | Discounted Cash Flows                | Expected Principal Recovery | 100.0% - 100.0% |                     | 100.0% |
|                             |          |                                 | Risk Adjusted Discount Factor        | 8.0% - 19.0%                |                 | 12.1%               |
| Private Loan debt investments    | 403,194  |                                      | Discounted Cash Flows                | Expected Principal Recovery | 1.4% - 100.0%   |                     | 99.9%  |
|                                  |               |                                      | Risk Adjusted Discount Factor        | 4.6% - 21.7%                |                 | 7.9%                |
|                                  | 57,242   |                                      | Market Approach                      | Third Party Quotes          | 92.5% - 101.0%  |                     | 97.2%  |
| Private Loan equity investments  | 20,716   |                                      | Market Approach/Enterprise Value | EBITDA Multiples (1)        | 4.9x - 9.5x     |                     | 7.8x   |
|                                  |               | Discounted Cash Flows                | WACC                                 | 10.7% - 14.6%               |                 | 12.1%               |
| Middle Market debt investments   | 250,194  |                                      | Market Approach                      | Third Party Quotes          | 28.1% - 101.0%  |                     | 92.0%  |
|                                  | 14,593   |                                      | Discounted Cash Flows                | Expected Principal Recovery | 52.7% - 100.0%  |                     | 76.1%  |
|                                  |               |                                      | Risk Adjusted Discount Factor        | 8.6% - 38.0%                |                 | 19.9%               |
| Middle Market equity investments | 7,641    |                                      | Market Approach                      | Third Party Quotes          | $0.00 - $200.0  |                     | $104.9 |
|                                  |               | Discounted Cash Flows                | WACC                                 | 17.5% - 18.0%               |                 | 17.5%               |
|                                  |               | Market Approach/Enterprise Value | EBITDA Multiples (1)                 | 3.9x - 5.5x                 |                 | 5.5x                |
| Other Portfolio investments (3)  | 29,868   |                                      | Market Approach                      | NAV (1)                     | 80.7% - 118.3%  |                     | 99.9%  |
|                                  | 19,028   |                                      | Discounted Cash Flows                | Constant Default Rate       | 1.0%            |                     | 1.0%   |
|                                  |               |                                      | Constant Prepayment Rate             | 20.0%                       |                 | 20.0%               |
|                                  |               |                                      | Reinvestment Spread                  | 3.4%                        |                 | 3.4%                |
|                                  |               |                                      | Reinvestment Price                   | 99.5%                       |                 | 99.5%               |
|                                  |               |                                      | Recovery Rate                        | 70.0%                       |                 | 70.0%               |
|                                  |               |                                      | Yield to Maturity                    | 12.0%                       |                 | 12.0%               |
|                                  | $             | 1,027,597                       |                                      |                             |                 |                     |        |       |

----

|                      |                              |                 |  |  |                           |               |                    |               |                       |  |                                                             |               |                               |  |                               |           |  |               |   |          |               |  |   |          |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------|------------------------------|-----------------|--|--|---------------------------|---------------|--------------------|---------------|-----------------------|--|-------------------------------------------------------------|---------------|-------------------------------|--|-------------------------------|-----------|--|---------------|---|----------|---------------|--|---|----------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type of Investment   | December 31, 2019 Fair Value |                 |  |  | PIK Interest Accrual |               | New Investments(1) |               | Sales/ Repayments |  | Net Change in UnrealizedAppreciation(Depreciation) (2) |               | Net Realized Gain (Loss) |  | September 30, 2020 Fair Value |
| LMM Equity           | $                            | 95,554     |  |  |                           |               | $                  | —  |                       |  | $                                                           | 4,451    |                               |  | $                             | (19)      |  |               | $ | (3,422)  |               |  | $ | (1,033)  |  |  | $ | 95,531   |  |
| LMM Debt             | 129,567                 |                 |  |  |                           | 220      |                    |               | 13,503           |  |                                                             | (15,333)      |                               |  | (533)                         |           |  | (3,045)       |   |          | 124,379  |  |
| Private Loan Equity  | 20,716                  |                 |  |  |                           | 100      |                    |               | 12,350           |  |                                                             | (32)          |                               |  | (4,836)                       |           |  | —  |   |          | 28,298   |  |
| Private Loan Debt    | 460,436                 |                 |  |  |                           | 2,378    |                    |               | 32,758           |  |                                                             | (63,473)      |                               |  | (15,254)                      |           |  | (88)          |   |          | 416,757  |  |
| Middle Market Debt   | 264,787                 |                 |  |  |                           | 532      |                    |               | 12,578           |  |                                                             | (69,776)      |                               |  | 5,119                    |           |  | (29,200)      |   |          | 184,040  |  |
| Middle Market Equity | 7,641                   |                 |  |  |                           | —  |                    |               | —          |  |                                                             | —  |                               |  | (1,106)                       |           |  | (2,217)       |   |          | 4,318    |  |
| Other Portfolio (3)  | 48,896                  |                 |  |  |                           | —  |                    |               | 1,225            |  |                                                             | 510      |                               |  | (1,318)                       |           |  | 22       |   |          | 49,335   |  |
| Total                | $                            | 1,027,597  |  |  |                           |               | $                  | 3,230    |                       |  | $                                                           | 76,865   |                               |  | $                             | (148,123) |  |               | $ | (21,350) |               |  | $ | (35,561) |  |  | $ | 902,658  |  |

|                      |                              |                 |  |  |                          |               |                    |             |                       |  |                                                             |               |                               |  |                               |           |  |               |   |              |               |  |   |           |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------|------------------------------|-----------------|--|--|--------------------------|---------------|--------------------|-------------|-----------------------|--|-------------------------------------------------------------|---------------|-------------------------------|--|-------------------------------|-----------|--|---------------|---|--------------|---------------|--|---|-----------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Type of Investment   | December 31, 2018 Fair Value |                 |  |  | PIK InterestAccrual |               | New Investments(1) |             | Sales/ Repayments |  | Net Change in UnrealizedAppreciation(Depreciation) (2) |               | Net Realized Gain (Loss) |  | September 30, 2019 Fair Value |
| LMM Equity           | $                            | 79,641     |  |  |                          |               | $                  | 174    |                       |  | $                                                           | 5,130    |                               |  | $                             | (1,198)   |  |               | $ | 6,519   |               |  | $ | 148  |  |  | $ | 90,414     |  |
| LMM Debt             | 130,633                 |                 |  |  |                          | 220      |                    |             | 15,709           |  |                                                             | (16,319)      |                               |  | (1,032)                       |           |  | 10       |   |              | 129,221  |  |
| Private Loan Equity  | 16,905                  |                 |  |  |                          | 56       |                    |             | 2,366            |  |                                                             | (2,128)       |                               |  | 4,543                    |           |  | 1,026    |   |              | 22,768   |  |
| Private Loan Debt    | 392,034                 |                 |  |  |                          | 2,543    |                    |             | 141,698          |  |                                                             | (92,457)      |                               |  | 10,628                   |           |  | (2,224)       |   |              | 452,222  |  |
| Middle Market Debt   | 428,569                 |                 |  |  |                          | 358      |                    |             | 29,959           |  |                                                             | (134,202)     |                               |  | (6,572)                       |           |  | (16,323)      |   |              | 301,789  |  |
| Middle Market Equity | 5,702                   |                 |  |  |                          | —  |                    |             | 3,679            |  |                                                             | —  |                               |  | (1,524)                       |           |  | —  |   |              | 7,857    |  |
| Other Portfolio (3)  | 53,084                  |                 |  |  |                          | —  |                    |             | 30,834           |  |                                                             | (33,710)      |                               |  | (363)                         |           |  | (634)         |   |              | 49,211   |  |
| Total                | $                            | 1,106,568  |  |  |                          |               | $                  | 3,351  |                       |  | $                                                           | 229,375  |                               |  | $                             | (280,014) |  |               | $ | 12,199  |               |  | $ | (17,997)  |  |  | $ | 1,053,482  |  |

|                                      |                     |               |                                    |            |                           |   |                                        |   |               |            |  |             |   |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|---------------------|---------------|------------------------------------|------------|---------------------------|---|----------------------------------------|---|---------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|
|                                 | Investments at Cost |               | Cost Percentage of Total Portfolio |            | Investments at Fair Value |   | Fair ValuePercentage ofTotal Portfolio |
| First lien secured debt investments  | $                   | 725,875  |                                    |            | 77.5                 | % |                                        | $ | 676,882  |            |  | 75.0   | % |
| Second lien secured debt investments | 36,581         |               |                                    | 3.9   |                           |   | 35,505                            |   |               | 3.9   |  |
| Unsecured debt investments           | 12,817         |               |                                    | 1.4   |                           |   | 12,789                            |   |               | 1.4   |  |
| Equity investments (1)               | 159,518        |               |                                    | 17.0  |                           |   | 176,242                           |   |               | 19.5  |  |
| Equity warrants                      | 1,670          |               |                                    | 0.2   |                           |   | 1,240                             |   |               | 0.2   |  |
| Total                                | $                   | 936,461  |                                    |            | 100.0                | % |                                        | $ | 902,658  |            |  | 100.0  | % |

----

|                                      |                     |                 |                                    |            |                           |   |                                        |   |                 |            |  |             |   |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|---------------------|-----------------|------------------------------------|------------|---------------------------|---|----------------------------------------|---|-----------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|
|                                 | Investments at Cost |                 | Cost Percentage of Total Portfolio |            | Investments at Fair Value |   | Fair ValuePercentage ofTotal Portfolio |
| First lien secured debt investments  | $                   | 831,414    |                                    |            | 79.9                 | % |                                        | $ | 800,361    |            |  | 77.9   | % |
| Second lien secured debt investments | 48,715         |                 |                                    | 4.7   |                           |   | 40,646                            |   |                 | 4.0   |  |
| Unsecured debt investments           | 14,097         |                 |                                    | 1.4   |                           |   | 13,783                            |   |                 | 1.3   |  |
| Equity investments (1)               | 144,159        |                 |                                    | 13.8  |                           |   | 170,961                           |   |                 | 16.6  |  |
| Equity warrants                      | 1,670          |                 |                                    | 0.2   |                           |   | 1,846                             |   |                 | 0.2   |  |
| Total                                | $                   | 1,040,055  |                                    |            | 100.0                | % |                                        | $ | 1,027,597  |            |  | 100.0  | % |

|                   |                     |               |                                    |            |                           |   |                                        |   |               |            |  |             |   |  |  |  |  |  |  |  |  |  |  |
|-------------------|---------------------|---------------|------------------------------------|------------|---------------------------|---|----------------------------------------|---|---------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|
|              | Investments at Cost |               | Cost Percentage of Total Portfolio |            | Investments at Fair Value |   | Fair ValuePercentage ofTotal Portfolio |
| Southeast         | $                   | 211,802  |                                    |            | 24.0                 | % |                                        | $ | 209,114  |            |  | 24.5   | % |
| Midwest           | 202,234        |               |                                    | 23.0  |                           |   | 205,889                           |   |               | 24.1  |  |
| Southwest         | 205,083        |               |                                    | 23.3  |                           |   | 190,936                           |   |               | 22.4  |  |
| Northeast         | 115,600        |               |                                    | 13.1  |                           |   | 113,919                           |   |               | 13.4  |  |
| West              | 122,897        |               |                                    | 13.9  |                           |   | 110,425                           |   |               | 12.9  |  |
| Non-United States | 24,003         |               |                                    | 2.7   |                           |   | 23,040                            |   |               | 2.7   |  |
| Total             | $                   | 881,619  |                                    |            | 100.0                | % |                                        | $ | 853,323  |            |  | 100.0  | % |

|                   |                     |               |                                    |            |                           |   |                                        |   |               |            |  |             |   |  |  |  |  |  |  |  |  |  |  |
|-------------------|---------------------|---------------|------------------------------------|------------|---------------------------|---|----------------------------------------|---|---------------|------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|
|              | Investments at Cost |               | Cost Percentage of Total Portfolio |            | Investments at Fair Value |   | Fair ValuePercentage ofTotal Portfolio |
| Midwest           | $                   | 223,575  |                                    |            | 22.7                 | % |                                        | $ | 229,246  |            |  | 23.4   | % |
| Southeast         | 215,254        |               |                                    | 21.8  |                           |   | 218,819                           |   |               | 22.4  |  |
| Southwest         | 207,284        |               |                                    | 21.0  |                           |   | 202,918                           |   |               | 20.7  |  |
| West              | 183,955        |               |                                    | 18.6  |                           |   | 174,871                           |   |               | 17.9  |  |
| Northeast         | 130,531        |               |                                    | 13.2  |                           |   | 127,098                           |   |               | 13.0  |  |
| Non-United States | 26,368         |               |                                    | 2.7   |                           |   | 25,749                            |   |               | 2.6   |  |
| Total             | $                   | 986,967  |                                    |            | 100.0                | % |                                        | $ | 978,701  |            |  | 100.0  | % |

----

|                                        |                    |   |                   |             |                    |  |                   |   |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------|--------------------|---|-------------------|-------------|--------------------|--|-------------------|---|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|
|                                        | Cost               |   | Fair Value        |
|                                        | September 30, 2020 |   | December 31, 2019 |             | September 30, 2020 |  | December 31, 2019 |
| Machinery                              | 6.0           | % |                   | 5.9    | %                  |  | 8.0          | % |  | 7.7    | % |
| Commercial Services and Supplies       | 7.3           |   |                   | 8.5    |                    |  | 7.0          |   |  | 8.2    |   |
| Aerospace and Defense                  | 5.7           |   |                   | 5.0    |                    |  | 5.8          |   |  | 5.1    |   |
| Oil, Gas, and Consumable Fuels         | 6.2           |   |                   | 6.3    |                    |  | 5.7          |   |  | 6.3    |   |
| IT Services                            | 4.7           |   |                   | 4.5    |                    |  | 4.8          |   |  | 4.5    |   |
| Communications Equipment               | 5.6           |   |                   | 5.0    |                    |  | 4.7          |   |  | 4.4    |   |
| Diversified Telecommunication Services | 4.8           |   |                   | 4.4    |                    |  | 4.7          |   |  | 4.3    |   |
| Health Care Providers and Services     | 5.3           |   |                   | 4.7    |                    |  | 4.5          |   |  | 4.2    |   |
| Internet Software and Services         | 4.8           |   |                   | 3.9    |                    |  | 4.3          |   |  | 3.8    |   |
| Construction and Engineering           | 3.1           |   |                   | 3.3    |                    |  | 3.8          |   |  | 3.4    |   |
| Distributors                           | 3.6           |   |                   | 2.5    |                    |  | 3.7          |   |  | 2.4    |   |
| Leisure Equipment and Products         | 3.3           |   |                   | 4.0    |                    |  | 3.5          |   |  | 3.6    |   |
| Trading Companies and Distributors     | 3.2           |   |                   | 1.6    |                    |  | 3.2          |   |  | 1.6    |   |
| Specialty Retail                       | 3.6           |   |                   | 3.3    |                    |  | 2.9          |   |  | 3.0    |   |
| Energy Equipment and Services          | 2.8           |   |                   | 2.8    |                    |  | 2.7          |   |  | 2.6    |   |
| Media                                  | 2.2           |   |                   | 4.2    |                    |  | 2.5          |   |  | 4.5    |   |
| Transportation Infrastructure          | 2.4           |   |                   | 2.3    |                    |  | 2.4          |   |  | 2.3    |   |
| Diversified Consumer Services          | 2.1           |   |                   | 2.4    |                    |  | 2.3          |   |  | 1.6    |   |
| Hotels, Restaurants, and Leisure       | 3.1           |   |                   | 2.8    |                    |  | 2.2          |   |  | 2.7    |   |
| Computers and Peripherals              | 1.0           |   |                   | 2.7    |                    |  | 2.1          |   |  | 3.8    |   |
| Diversified Financial Services         | 1.8           |   |                   | 1.7    |                    |  | 1.9          |   |  | 1.7    |   |
| Wireless Telecommunication Services    | 1.7           |   |                   | 1.5    |                    |  | 1.7          |   |  | 1.5    |   |
| Containers and Packaging               | 1.5           |   |                   | 1.3    |                    |  | 1.7          |   |  | 1.4    |   |
| Software                               | 1.1           |   |                   | 0.8    |                    |  | 1.5          |   |  | 1.1    |   |
| Food & Staples Retailing           | 1.4           |   |                   | 1.2    |                    |  | 1.4          |   |  | 1.2    |   |
| Household Durables                     | 1.4           |   |                   | 1.2    |                    |  | 1.3          |   |  | 1.1    |   |
| Internet and Catalog Retail            | 1.4           |   |                   | 1.7    |                    |  | 1.3          |   |  | 1.4    |   |
| Professional Services                  | 2.0           |   |                   | 1.8    |                    |  | 1.1          |   |  | 1.5    |   |
| Construction Materials                 | 0.7           |   |                   | 0.9    |                    |  | 1.1          |   |  | 1.3    |   |
| Other (1)                              | 6.2           |   |                   | 7.8    |                    |  | 6.2          |   |  | 7.8    |   |
| Total                                  | 100.0         | % |                   | 100.0  | %                  |  | 100.0        | % |  | 100.0  | % |

----

|                                                                 |  |                                       |         |                                                 |               |   |             |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|--|---------------------------------------|---------|-------------------------------------------------|---------------|---|-------------|--|--|--|--|--|--|--|
| HMS-ORIX SLF LLC                                                |
| Statement of Operations                                         |
| (dollars in thousands)                                          |
|                                                                 |  | Three Months Ended September 30, 2019 |         | Nine Months Ended  September 30, 2019 |
| Investment income                                               |  |                                       |         |                                                 |
| Interest income                                                 |  | $                                     | 2  |                                                 |               | $ | 3,030  |  |
| Dividend income                                                 |  | —                          |         |                                                 | —  |   |
| Fee income                                                      |  | —                          |         |                                                 | —  |   |
| Other income                                                    |  | —                          |         |                                                 | —  |   |
| Total investment income                                         |  | 2                                |         |                                                 | 3,030    |   |
| Expenses                                                        |  |                                       |         |                                                 |
| Interest expense                                                |  | —                          |         |                                                 | 2,130    |   |
| Other expenses                                                  |  | —                          |         |                                                 | —  |   |
| General and administrative expenses                             |  | 60                               |         |                                                 | 96       |   |
| Total expenses                                                  |  | 60                               |         |                                                 | 2,226    |   |
| Net investment income (loss)                                    |  | (58)                                  |         |                                                 | 804      |   |
| Net realized loss from investments                              |  | —                          |         |                                                 | (1,514)       |   |
| Net realized loss                                               |  | (58)                                  |         |                                                 | (710)         |   |
| Net change in unrealized appreciation on investments            |  | —                          |         |                                                 | 6,647    |   |
| Net increase (decrease) in net assets resulting from operations |  | $                                     | (58)    |                                                 |               | $ | 5,937  |  |

----

|                               |                                               |               |                  |               |           |               |               |  |               |               |  |  |               |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|-----------------------------------------------|---------------|------------------|---------------|-----------|---------------|---------------|--|---------------|---------------|--|--|---------------|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                          | Payments Due By Period (dollars in thousands) |
|                          | Total                                         |               | Less than 1 year |               | 1-3 years |               | 3-5 years     |  | After 5 years |
| TIAA Credit Facility (1)      | $                                             | 90,000   |                  |               | $         | —  |               |  | $             | 90,000   |  |  | $             | —  |  |  | $ | —  |  |
| Deutsche Bank Credit Facility | 285,129                                  |               |                  | —  |           |               | 285,129  |  |               | —  |  |  | —  |               |
| Total Credit Facilities       | $                                             | 375,129  |                  |               | $         | —  |               |  | $             | 375,129  |  |  | $             | —  |  |  | $ | —  |  |

----

|                                                                             |                                                 |            |                                                 |                  |   |            |  |  |  |  |  |
|-----------------------------------------------------------------------------|-------------------------------------------------|------------|-------------------------------------------------|------------------|---|------------|--|--|--|--|--|
| Per Share Data:                                               | Nine Months Ended  September 30, 2020 |            | Nine Months Ended  September 30, 2019 |
| NAV at beginning of period                                                  | $                                               | 7.77  |                                                 |                  | $ | 7.96  |  |
| Results from Operations                                                     |                                                 |            |                                                 |
| Net investment income (1) (2)                                               | 0.43                                       |            |                                                 | 0.53        |   |
| Net realized loss on investments (1) (2)                                    | (0.45)                                          |            |                                                 | (0.23)           |   |
| Net change in unrealized appreciation (depreciation) on investments (1) (2) | (0.29)                                          |            |                                                 | 0.16        |   |
|                                                                             |                                                 |            |                                                 |
| Net increase (decrease) in net assets resulting from operations             | (0.31)                                          |            |                                                 | 0.46        |   |
| Stockholder distributions (1) (3)                                           |                                                 |            |                                                 |
| Distributions from net investment income (1) (2)                            | (0.35)                                          |            |                                                 | (0.52)           |   |
| Distributions in excess of net investment income (1) (2)                    | —                                    |            |                                                 | —     |   |
|                                                                             |                                                 |            |                                                 |
|                                                                             |                                                 |            |                                                 |
| Net decrease in net assets resulting from stockholder distributions         | (0.35)                                          |            |                                                 | (0.52)           |   |
|                                                                             |                                                 |            |                                                 |
|                                                                             |                                                 |            |                                                 |
|                                                                             |                                                 |            |                                                 |
|                                                                             |                                                 |            |                                                 |
|                                                                             |                                                 |            |                                                 |
|                                                                             |                                                 |            |                                                 |
| Other (4)                                                                   | (0.01)                                          |            |                                                 | —     |   |
| NAV at end of the period                                                    | $                                               | 7.10  |                                                 |                  | $ | 7.90  |  |
|                                                                             |                                                 |            |                                                 |
| Shares of common stock outstanding at end of period                         | 79,608,304                                 |            |                                                 | 78,498,726  |   |
| Weighted average shares of common stock outstanding                         | 79,079,204                                 |            |                                                 | 78,807,179  |   |

|                                                          |                                                 |               |                                                 |             |   |               |  |  |  |  |  |
|----------------------------------------------------------|-------------------------------------------------|---------------|-------------------------------------------------|-------------|---|---------------|--|--|--|--|--|
|                                                          | Nine Months Ended  September 30, 2020 |               | Nine Months Ended  September 30, 2019 |
|                                                          | (dollars in thousands)                          |
| Net assets at end of period                              | $                                               | 565,141  |                                                 |             | $ | 620,102  |  |
| Average net assets                                       | $                                               | 551,821  |                                                 |             | $ | 626,059  |  |
| Average Credit Facilities borrowings                     | $                                               | 402,009  |                                                 |             | $ | 481,250  |  |
|                                                          |                                                 |               |                                                 |
| Ratios to average net assets:                        |                                                 |               |                                                 |
| Ratio of total expenses to average net assets (1)        | 5.70                                       | %             |                                                 | 7.02   | % |
| Ratio of net investment income to average net assets (1) | 6.22                                       | %             |                                                 | 6.66   | % |
|                                                          |                                                 |               |                                                 |
| Portfolio turnover ratio                                 | 16.00                                      | %             |                                                 | 25.82  | % |
|                                                          |                                                 |               |                                                 |
| Total return (2)                                         | (4.12)                                          | %             |                                                 | 5.78   | % |

----

|                                       |               |               |        |  |   |               |  |  |  |  |  |
|---------------------------------------|---------------|---------------|--------|--|---|---------------|--|--|--|--|--|
|                                  | Distributions |
|                                       | Per Share     |               | Amount |
| 2020                                  |               |               |        |
|                                       |               |               |        |
| Three months ended September 30, 2020 | $             | —  |        |  | $ | —  |  |
| Three months ended June 30, 2020      | $             | 0.18     |        |  | $ | 13,790   |  |
| Three months ended March 31, 2020     | $             | 0.17     |        |  | $ | 13,730   |  |
| 2019                                  |               |               |        |
|                                       |               |               |        |
| Three months ended September 30, 2019 | $             | 0.17     |        |  | $ | 13,900   |  |
| Three months ended June 30, 2019      | $             | 0.18     |        |  | $ | 13,754   |  |
| Three months ended March 31, 2019     | $             | 0.17     |        |  | $ | 13,606   |  |
|                                       |               |               |        |
|                                       |               |               |        |
|                                       |               |               |        |
|                                       |               |               |        |
|                                       |               |               |        |

----

----

|                                                                                                                                          |                                      |              |                                      |              |   |              |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------------|--------------------------------------|--------------|---|--------------|--|--|--|--|--|
|                                                                                                                                          | Nine Months Ended September 30, 2020 |              | Nine Months Ended September 30, 2019 |
|                                                                                                                                          |                                      |              |                                      |
| Net increase (decrease) in net assets resulting from operations                                                                          | $                                    | (24,245)     |                                      |              | $ | 36,359  |  |
| Net change in unrealized (appreciation) depreciation                                                                                     | 23,017                          |              |                                      | (12,670)     |   |
| Income tax provision                                                                                                                     | 192                             |              |                                      | 241     |   |
| Pre-tax book loss not consolidated for tax purposes                                                                                      | 31,317                          |              |                                      | 10,799  |   |
| Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates | 893                             |              |                                      | 273     |   |
| Estimated taxable income (1)                                                                                                             | 31,174                          |              |                                      | 35,002  |   |
|                                                                                                                                          |                                      |              |                                      |
| Taxable income earned in prior year and carried forward for distribution in current year                                                 | 16,796                          |              |                                      | 20,574  |   |
|                                                                                                                                          |                                      |              |                                      |
| Taxable income earned prior to period end and carried forward for distribution next period                                               | (20,450)                             |              |                                      | (18,837)     |   |
| Dividend accrued as of period end and paid-in the following period                                                                       | —                         |              |                                      | 4,521   |   |
| Taxable income earned to be carried forward                                                                                              | $                                    | (20,450)     |                                      |              | $ | (14,316)     |  |
|                                                                                                                                          |                                      |              |                                      |
| Total distributions accrued or paid to common stockholders                                                                               | $                                    | 27,520  |                                      |              | $ | 41,260  |  |

----

|                                                                     |  |                    |               |                   |               |   |               |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------|--|--------------------|---------------|-------------------|---------------|---|---------------|--|--|--|--|--|--|--|--|--|
|                                                                     |  | September 30, 2020 |               | December 31, 2019 |               |   |
| Deferred tax assets:                                            |  |                    |               |                   |               |   |
| Net operating loss carryforwards                                    |  | $                  | 2,509    |                   |               | $ | 2,420    |  |  |  |
| Foreign tax credit carryforwards                                    |  | 10            |               |                   | 10       |   |               |  |
| Capital loss carryforwards                                          |  | 23,150        |               |                   | 14,750   |   |               |  |
| Net basis differences in portfolio investments                      |  | 67            |               |                   | —  |   |               |  |
| Net unrealized depreciation of portfolio investments                |  | (1,012)            |               |                   | 67       |   |               |  |
|     Total deferred tax assets                   |  | 24,724        |               |                   | 17,247   |   |               |  |
| Deferred tax liabilities:                                       |  |                    |               |                   |               |   |
| Net basis differences in portfolio investments                      |  | (4,183)            |               |                   | (3,217)       |   |               |  |
| Net unrealized appreciation of portfolio investments                |  | (16)               |               |                   | (1,576)       |   |               |  |
| Other                                                               |  | —       |               |                   | —  |   |               |  |
|     Total deferred tax liabilities              |  | (4,199)            |               |                   | (4,793)       |   |               |  |
| Valuation allowance                                                 |  | (20,525)           |               |                   | (12,454)      |   |               |  |
|     Total net deferred tax assets (liabilities) |  | $                  | —  |                   |               | $ | —  |  |  |  |

----

|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |  |  |  |       |  |       |  |                    |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------|--------------------|-----------------------|--------------------------------|---------|-----------------------|--|--|---|-------------|--|---|---------------|----------------------------|--|----------------------------------|--|-----------------------------------|--|--|--|-------|--|-------|--|--------------------|--|--|--|--|--|--|--|--|--|--|--|--|
|                    | Management Fee (1) |                       | Subordinated Incentive Fee (1) |         |                       |  |  |   |             |  |   |               |                            |
| Quarter Ended      | Waivers            | Repaid to Adviser (2) |                                | Waivers | Repaid to Adviser (2) |  |  |   |             |  |   |               | OperatingExpense Ratio (3) |  | Annualized Distribution Rate (4) |  | Eligible to be Repaid Through (5) |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |
| 9/30/2018  | $                  | —          |                                | $       | —          |  |  | $ | 2,535  |  | $ | —  |                            |  |                                  |  |                                   |  |  |  | 2.01% |  | $0.70 |  | 9/30/2021  |
| 12/31/2018 | $                  | —          |                                | $       | —          |  |  | $ | 798    |  | $ | —  |                            |  |                                  |  |                                   |  |  |  | 2.32% |  | $0.70 |  | 12/31/2021 |
|                    |                    |                       |                                |         |                       |  |  |   |             |  |   |               |                            |  |                                  |  |                                   |

----

|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |  |               |             |  |               |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|----------------------------------|----------|---------------------------------|-------------|--------------------|----------|-------------------|--|---|--------------|--|--|---------------|-------------|--|---------------|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                    | Incurred                         |          | Incurred                        |             | Unpaid as of       |
|                                                    | Three Months Ended September 30, |          | Nine Months Ended September 30, |             | September 30, 2020 |          | December 31, 2019 |
| Type and Recipient                                      | 2020                             |          | 2019                            |             | 2020               |          | 2019              |  |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
| Offering Costs - the Adviser, Sub-Adviser               | $                                | 28  |                                 |             | $                  | 94  |                   |  | $ | 205     |  |  | $             | 285    |  |               | $ | —  |  |  | $ | —  |  |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
| Other (2) - the Adviser                                 | 191                         |          |                                 | 263    |                    |          | 472          |  |   | 644     |  |  | 5        |             |  | 44       |   |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
| Due to Affiliates                                       |                                  |          |                            |             |               |          |              |  | $ | 5       |  |  | $             | 44     |  |
|                                                         |                                  |          |                                 |             |                    |          |                   |  |   |              |  |
| Base Management Fees- the Adviser, Sub-Adviser          | 4,701                       |          |                                 | 5,498  |                    |          | 14,325       |  |   | 16,857  |  |  | $             | 4,698  |  |               | $ | 5,388    |  |
| Incentive Fees on Income - the Adviser, Sub-Adviser (1) | —                     |          |                                 | 1,209  |                    |          | —      |  |   | 3,939   |  |  | —  |             |  | —  |   |
| Base Management and Incentive Fees Payable              |                                  |          |                                 |             |                    |          |                   |  | $ | 4,698   |  |  | $             | 5,388  |  |

|                       |  |                   |  |                    |  |                                                     |  |                                |            |                                                |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|--|-------------------|--|--------------------|--|-----------------------------------------------------|--|--------------------------------|------------|------------------------------------------------|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| For the Quarter Ended |  | Repurchase Date   |  | Shares Repurchased |  | Percentage of Shares Tendered that were Repurchased |  | Repurchase Priceper Share |            | Aggregate Consideration for Repurchased Shares |
| March 31, 2020        |  | February 21, 2020 |  | 791,488.12         |  | 26.5%                                               |  | $                              | 7.70  |                                                |  | $ | 6,094,455  |  |
|                       |  |                   |  |                    |  |                                                     |  |                                |            |                                                |
|                       |  |                   |  |                    |  |                                                     |  |                                |            |                                                |

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|                                                     |                               |              |                   |               |   |              |  |  |  |  |  |
|-----------------------------------------------------|-------------------------------|--------------|-------------------|---------------|---|--------------|--|--|--|--|--|
|                                                | Commitments and Contingencies |
|                                                     | (dollars in thousands)        |
|                                                | September 30, 2020            |              | December 31, 2019 |
|                                                     |                               |              |                   |
| Unfunded Loan Commitments                           |                               |              |                   |
| Adams Publishing Group, LLC                         | $                             | 5,000   |                   |               | $ | 762     |  |
| American Nuts, LLC                                  | 247                      |              |                   | 247      |   |
| American Trailer Rental Group, LLC                  | —                  |              |                   | 400      |   |
| Analytical Systems Keco, LLC                        | 200                      |              |                   | 200      |   |
| Arcus Hunting, LLC                                  | 120                      |              |                   | 1,398    |   |
| ASC Ortho Management Company, LLC                   | —                  |              |                   | 750      |   |
| Boccella Precast Products, LLC                      | —                  |              |                   | 500      |   |
| Centre Technologies Holdings, LLC                   | 600                      |              |                   | 600      |   |
| Chamberlin Holding, LLC                             | 400                      |              |                   | 400      |   |
| Chisholm Energy Holdings, LLC                       | —                  |              |                   | 1,429    |   |
| Classic H&G Holdings, LLC                       | 1,000                    |              |                   | —  |   |
| Cody Pools Holdings, LLC                            | 400                      |              |                   | —  |   |
| CTVSH, PLLC                                         | 200                      |              |                   | 200      |   |
| Direct Marketing Solutions, Inc.                    | 400                      |              |                   | 400      |   |
| DTE Enterprises, LLC                                | 750                      |              |                   | 750      |   |
| Dynamic Communities, LLC                            | 250                      |              |                   | 250      |   |
| Gamber-Johnson Holdings, LLC                        | 300                      |              |                   | 300      |   |
| GRT Rubber Technologies, Inc.                       | 660                      |              |                   | 1,526    |   |
| Gulf Publishing Holdings, LLC                       | 40                       |              |                   | —  |   |
| Guerdon Modular Holdings, Inc.                      | —                  |              |                   | 148      |   |
| Hawk Ridge Systems, LLC                             | 254                      |              |                   | 350      |   |
| Hunter Defense Technologies, Inc.                   | 1,770                    |              |                   | 3,540    |   |
| HW Temps LLC                                        | 200                      |              |                   | 200      |   |
| Independent Pet Partners Intermediate Holdings, LLC | 6,126                    |              |                   | 9,357    |   |
| Invincible Boat Company, LLC                        | 1,080                    |              |                   | 648      |   |
| J & J Services, Inc.                            | 3,000                    |              |                   | 3,000    |   |
| Kickhaefer Manufacturing Company, LLC               | 500                      |              |                   | 500      |   |
| LL Management, Inc.                                 | —                  |              |                   | 1,182    |   |
| Lynx FBO Operating LLC                              | 1,875                    |              |                   | 1,875    |   |
| Mac Lean-Fogg Company                               | 313                      |              |                   | 313      |   |
| Market Force Information, Inc.                      | —                  |              |                   | 3        |   |
| Mystic Logistics Holdings, LLC                      | 200                      |              |                   | 200      |   |
| NexRev, LLC                                         | 798                      |              |                   | 800      |   |
| NinjaTrader, LLC                                    | 750                      |              |                   | 200      |   |
| NuStep, LLC                                         | 300                      |              |                   | 300      |   |
| SI East , LLC                                       | 2,500                    |              |                   | 2,500    |   |
| TEAM Public Choices, LLC                            | —                  |              |                   | 351      |   |
| Tedder Acquisition, LLC                             | 140                      |              |                   | 140      |   |
| Trantech Radiator Topco, LLC                        | 400                      |              |                   | 400      |   |
| Unfunded Capital Commitments                        |                               |              |                   |
| Brightwood Capital Fund III, LP                     | 1,340                    |              |                   | 1,260    |   |
| Brightwood Capital Fund IV, LP                      | 500                      |              |                   | 1,000    |   |
| Copper Trail Energy Fund I LP                       | 2,839                    |              |                   | 3,416    |   |
| Freeport Financial Funds                            | 1,715                    |              |                   | 1,945    |   |
| Harris Preston Fund Investments                     | 1,929                    |              |                   | 2,526    |   |
| Total                                               | $                             | 39,096  |                   |               | $ | 46,266  |  |

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|                     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |
|---------------------|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
|   ● |  | corporate and organizational expenses relating to offerings of our common stock, subject to certain limitations;                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   ● |  | the cost of calculating our net asset value (“NAV”), including the cost of any third-party valuation services;                                                                                                                                                                                                                                                                                                                                                                                                        |
|   ● |  | the cost of effecting sales and repurchases of shares of our common stock and other securities;                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   ● |  | fees payable to third parties relating to, or associated with, monitoring our financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments;                                                                                                                                                                                                                                                                  |
|   ● |  | interest payable on debt, if any, including any hedging costs;                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   ● |  | investment advisory fees;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   ● |  | transfer agent and custodial fees;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   ● |  | fees and expenses associated with marketing efforts;                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   ● |  | federal and state registration fees;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   ● |  | federal, state and local taxes;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   ● |  | independent directors’ fees and expenses, including travel expenses;                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   ● |  | costs of director and stockholder meetings, proxy statements, stockholders’ reports and notices;                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   ● |  | cost of fidelity bond, directors and officers/errors and omissions liability insurance and other insurance premiums;                                                                                                                                                                                                                                                                                                                                                                                                          |
|   ● |  | direct costs such as printing of stockholder reports and advertising or sales materials, mailing, long distance telephone, and staff;                                                                                                                                                                                                                                                                                                                                                                                             |
|   ● |  | fees and expenses associated with independent audits and outside legal costs, including compliance with the Sarbanes-Oxley Act of 2002, the 1940 Act, and other applicable federal and state securities laws and regulations;                                                                                                                                                                                                                                                                                                     |
|   ● |  | costs associated with our reporting and compliance obligations under the 1940 Act and other applicable federal and state securities laws and regulations;                                                                                                                                                                                                                                                                                                                                                                         |
|   ● |  | brokerage commissions for our investments;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   ● |  | all other expenses incurred by our Advisers in performing their obligations, subject to the limitations included in the applicable advisory agreement; and                                                                                                                                                                                                                                                                                                                                                                        |
|   ● |  | all other expenses incurred by us or any administrator in connection with administering our business, including payments under any administration agreement that will be based upon our allocable portion of overhead and other expenses incurred by any administrator in performing its obligations under any proposed administration agreement, including rent and our allocable portion of the costs of compensation and related expenses of our Chief Compliance Officer and Chief Financial Officer and their respective staffs. |

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|                                                                                                               |                    |              |                    |               |   |              |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------|--------------------|--------------|--------------------|---------------|---|--------------|--|--|--|--|--|
|                                                                                                               | Nine Months Ended  |
|                                                                                                               | September 30, 2020 |              | September 30, 2019 |
|                                                                                                               |                    |              |                    |
| Cash and cash equivalents                                                                                     | $                  | 14,682  |                    |               | $ | 21,070  |  |
| Restricted cash                                                                                               | 16,611        |              |                    | —  |   |
|                                                                                                               |                    |              |                    |
| Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows | $                  | 31,293  |                    |               | $ | 21,070  |  |

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|                          |                    |   |                   |             |               |  |               |   |     |             |              |  |               |   |       |             |   |  |               |   |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------|--------------------|---|-------------------|-------------|---------------|--|---------------|---|-----|-------------|--------------|--|---------------|---|-------|-------------|---|--|---------------|---|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                     | September 30, 2020 |   | December 31, 2019 |
| Cost:                | LMM                |   | Private Loan      |             | Middle Market |  | Total         |   | LMM |             | Private Loan |  | Middle Market |   | Total |
| First Lien Secured Debt  | 66.1          | % |                   | 87.3   | %             |  | 86.2     | % |     | 82.3   | %            |  | 68.0     | % |       | 90.4   | % |  | 84.8     | % |  | 84.3   | % |
| Second Lien Secured Debt | 0.3           |   |                   | 3.6    |               |  | 8.6      |   |     | 4.2    |              |  | 0.4      |   |       | 3.5    |   |  | 10.1     |   |  | 4.9    |   |
| Unsecured Debt           | 0.1           |   |                   | 2.7    |               |  | —  |   |     | 1.4    |              |  | 0.1      |   |       | 2.5    |   |  | 0.6      |   |  | 1.4    |   |
| Equity                   | 32.9          |   |                   | 6.3    |               |  | 5.2      |   |     | 11.9   |              |  | 30.9     |   |       | 3.5    |   |  | 4.5      |   |  | 9.2    |   |
| Equity warrants          | 0.6           |   |                   | 0.1    |               |  | —  |   |     | 0.2    |              |  | 0.6      |   |       | 0.1    |   |  | —  |   |  | 0.2    |   |
| Total                    | 100.0         | % |                   | 100.0  | %             |  | 100.0    | % |     | 100.0  | %            |  | 100.0    | % |       | 100.0  | % |  | 100.0    | % |  | 100.0  | % |

|                          |                    |   |                   |             |               |  |               |   |     |             |              |  |               |   |       |             |   |  |               |   |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------|--------------------|---|-------------------|-------------|---------------|--|---------------|---|-----|-------------|--------------|--|---------------|---|-------|-------------|---|--|---------------|---|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                     | September 30, 2020 |   | December 31, 2019 |
| Fair Value:          | LMM                |   | Private Loan      |             | Middle Market |  | Total         |   | LMM |             | Private Loan |  | Middle Market |   | Total |
| First Lien Secured Debt  | 56.2          | % |                   | 87.1   | %             |  | 88.0     | % |     | 79.3   | %            |  | 57.2     | % |       | 89.7   | % |  | 88.1     | % |  | 81.8   | % |
| Second Lien Secured Debt | 0.3           |   |                   | 3.7    |               |  | 9.7      |   |     | 4.2    |              |  | 0.3      |   |       | 3.5    |   |  | 8.5      |   |  | 4.1    |   |
| Unsecured Debt           | 0.1           |   |                   | 2.9    |               |  | —  |   |     | 1.5    |              |  | 0.1      |   |       | 2.5    |   |  | 0.6      |   |  | 1.4    |   |
| Equity                   | 43.3          |   |                   | 6.1    |               |  | 2.3      |   |     | 14.9   |              |  | 42.3     |   |       | 4      |   |  | 2.8      |   |  | 12.5   |   |
| Equity warrants          | 0.1           |   |                   | 0.2    |               |  | —  |   |     | 0.1    |              |  | 0.1      |   |       | 0.3    |   |  | —  |   |  | 0.2    |   |
| Total                    | 100.0         | % |                   | 100.0  | %             |  | 100.0    | % |     | 100.0  | %            |  | 100.0    | % |       | 100.0  | % |  | 100.0    | % |  | 100.0  | % |

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|                                                                 |                                       |         |                                                 |               |   |             |  |  |  |  |  |
|-----------------------------------------------------------------|---------------------------------------|---------|-------------------------------------------------|---------------|---|-------------|--|--|--|--|--|
| HMS-ORIX SLF LLC                                                |
| Statement of Operations                                         |
| (dollars in thousands)                                          |
|                                                                 | Three Months Ended September 30, 2019 |         | Nine Months Ended  September 30, 2019 |
| Investment income                                               |                                       |         |                                                 |
| Interest income                                                 | $                                     | 2  |                                                 |               | $ | 3,030  |  |
| Dividend income                                                 | —                          |         |                                                 | —  |   |
| Fee income                                                      | —                          |         |                                                 | —  |   |
| Other income                                                    | —                          |         |                                                 | —  |   |
| Total investment income                                         | 2                                |         |                                                 | 3,030    |   |
| Expenses                                                        |                                       |         |                                                 |
| Interest expense                                                | —                          |         |                                                 | 2,130    |   |
| Other expenses                                                  | —                          |         |                                                 | —  |   |
| General and administrative expenses                             | 60                               |         |                                                 | 96       |   |
| Total expenses                                                  | 60                               |         |                                                 | 2,226    |   |
| Net investment income (loss)                                    | (58)                                  |         |                                                 | 804      |   |
| Net realized loss from investments                              | —                          |         |                                                 | (1,514)       |   |
| Net realized loss                                               | (58)                                  |         |                                                 | (710)         |   |
| Net change in unrealized appreciation on investments            | —                          |         |                                                 | 6,647    |   |
| Net increase (decrease) in net assets resulting from operations | $                                     | (58)    |                                                 |               | $ | 5,937  |  |

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|                   |  |                           |               |                                   |            |                           |   |                                   |   |               |               |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------|--|---------------------------|---------------|-----------------------------------|------------|---------------------------|---|-----------------------------------|---|---------------|---------------|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|
|              |  | September 30, 2020        |               | December 31, 2019                 |
| Investment Rating |  | Investments at Fair Value |               | Percentage of Total LMM Portfolio |            | Investments at Fair Value |   | Percentage of Total LMM Portfolio |
| 1                 |  | $                         | 86,964   |                                   |            | 39.5                 | % |                                   | $ | 86,453   |               |  | 38.4   | % |
| 2                 |  | 42,311               |               |                                   | 19.2  |                           |   | 28,130                       |   |               | 12.5     |  |
| 3                 |  | 43,242               |               |                                   | 19.7  |                           |   | 48,597                       |   |               | 21.6     |  |
| 4                 |  | 43,964               |               |                                   | 20.0  |                           |   | 61,941                       |   |               | 27.5     |  |
| 5                 |  | 3,429                |               |                                   | 1.6   |                           |   | —                      |   |               | —  |  |
| Total             |  | $                         | 219,910  |                                   |            | 100.0                | % |                                   | $ | 225,121  |               |  | 100.0  | % |

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|                          |  |                                       |       |                                        |              |                                                 |       |             |  |   |           |  |  |  |  |  |  |  |  |  |
|--------------------------|--|---------------------------------------|-------|----------------------------------------|--------------|-------------------------------------------------|-------|-------------|--|---|-----------|--|--|--|--|--|--|--|--|--|
| Change in interest rates |  | Increase (Decrease) inInterest Income |       | Increase (Decrease) inInterest Expense |              | Net Increase (Decrease) in NetInvestment Income |
|                          |  |                                       |       |                                        |              |                                                 |
| Down 100 basis points    |  | $                                     | (161) |                                        |              | $                                               | (600) |             |  | $ | 439  |  |
| Down 50 basis points     |  | (145)                                 |       |                                        | (600)        |                                                 |       | 455    |  |
| Up 50 basis points       |  | 367                              |       |                                        | 1,876   |                                                 |       | (1,509)     |  |
| Up 100 basis points      |  | 1,878                            |       |                                        | 3,751   |                                                 |       | (1,873)     |  |
| Up 200 basis points      |  | 8,260                            |       |                                        | 7,503   |                                                 |       | 757    |  |
| Up 300 basis points      |  | 14,969                           |       |                                        | 11,254  |                                                 |       | 3,715  |  |

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|             |  |                                                                                                                                                                                                                                                                                   |  |  |  |  |  |  |
|-------------|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| Exhibit No. |  | Description                                                                                                                                                                                                                                                                       |
| 3.1         |  | Articles of Amendment to the Registrant’s Articles of Amendment and Restatement (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K, filed on November 3, 2020 (File No. 814-00939) and incorporated herein by reference).                           |
| 3.2         |  | Amended and Restated Bylaws of the Registrant (filed as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K, filed on November 3, 2020 (File No. 814-00939) and incorporated herein by reference).                                                                   |
| 10.1        |  | Investment Advisory and Administrative Services Agreement by and between the Registrant and MSC Adviser I, LLC (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, filed on November 3, 2020 (File No. 814-00939) and incorporated herein by reference). |
| 10.2        |  | Custodian Agreement by and between the Registrant and State Street Bank and Trust Company (filed as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K, filed on November 3, 2020 (File No. 814-00939) and incorporated herein by reference).                      |
| 31.1        |  | Certification of Chief Executive Officer of the Registrant, pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith).                                                             |
| 31.2        |  | Certification of Chief Financial Officer of the Registrant, pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith).                                                             |
| 32.1        |  | Certification of Chief Executive Officer and Chief Financial Officer of the Registrant, pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith).                                                                |
|             |  |                                                                                                                                                                                                                                                                                   |
|             |  |                                                                                                                                                                                                                                                                                   |

----

|           |                   |                       |                                                 |  |  |  |  |  |  |  |  |
|-----------|-------------------|-----------------------|-------------------------------------------------|--|--|--|--|--|--|--|--|
|      |                   | MSC INCOME FUND, INC. |
|           |                   |                       |                                                 |
| Date: | November 12, 2020 | By:               | /s/ DWAYNE L. HYZAK                     |
|      |                   |                  | Dwayne L. Hyzak                                 |
|      |                   |                  | Chairman, Chief Executive Officer and President |
|      |                   |                  |                                            |
| Date: | November 12, 2020 | By:               | /s/ BRENT D. SMITH                      |
|      |                   |                  | Brent D. Smith                                  |
|      |                   |                  | Chief Financial Officer                         |
|           |                   |                       |                                                 |
| Date: | November 12, 2020 | By:               | /s/ CORY E. GILBERT                     |
|           |                   |                       | Cory E. Gilbert                                 |
|           |                   |                       | Chief Accounting Officer                        |