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

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

|                                                                |                                      |  |  |  |  |
|----------------------------------------------------------------|--------------------------------------|--|--|--|--|
| Maryland                                                       | 47-3919702                           |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

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

----

|                                                                                                                              |              |           |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------|--------------|-----------|--|--|--|--|--|--|
| Document Description                                                                                                         |              | 10-K Part |
| Specifically Identified Portions of the Registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held | May 18, 2022 | III       |

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|                                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| Name and Position with Fund                                                                           | Age | Occupation During Past Five Years                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| David R. Wanek, Chief Executive Officer and President                                                 | 49  | Chief Executive Officer for the Fund since 2022.  Mr. Wanek has held the position of  President of the Fund since 2019 and held other positions with Westech Investment Advisors since 2001.                                                                                                                                                                                                                                                     |
| Jay L. Cohan, Vice President                                                                          | 57  | Vice President for the Fund since 2015.  Mr. Cohan has held Vice President, Assistant Secretary and other positions with Westech Investment Advisors since 1999.                                                                                                                                                                                                                                                                                 |
| Jared S. Thear, Vice President,Chief Financial Officer, ChiefComplianceOfficer,Treasurer,andSecretary | 45  | Vice President, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary for the Fund since 2021.  Mr. Thear has held the same positions with Westech Investment Advisors since 2021. Prior to joining Westech Investment Advisors, he worked at Deloitte & Touche for 20 years and held various leadership roles. From 2014 to 2021, he led Deloitte's Northwest region Asset Management practice for the audit function. |
| Rodolfo Ruano, Vice President and Assistant Secretary                                                 | 54  | Vice President and Assistant Secretary since 2021.  Mr. Ruano has held the position of Vice President of Westech Investment Advisors since 2021.  Investment Partner for Westech Investment Advisors since 2011.                                                                                                                                                                                                                                 |

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|                  |                                      |                                      |                                       |                                         |                 |                 |                                       |                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|--------------------------------------|--------------------------------------|---------------------------------------|-----------------------------------------|-----------------|-----------------|---------------------------------------|-----------------------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                  | For the Year Ended December 31, 2021 | For the Year Ended December 31, 2020 |
|                  | Average Balance                      | Interest Income                      | Weighted- Ave Int Rate - Cash Portion | Weighted- Ave Int Rate- Noncash Portion | Average Balance | Interest Income | Weighted- Ave Int Rate - Cash Portion | Weighted- Ave Int Rate- Noncash Portion |
| Performing Loans | $176,700,006                         | $35,161,303                          | 16.06%                                | 3.84%                                   | $317,262,630    | $57,103,699     | 14.47%                                | 3.53%                                   |
| All Loans        | $189,688,104                         | $37,114,806                          | 15.99%                                | 3.58%                                   | $331,059,668    | $57,258,140     | 13.92%                                | 3.38%                                   |

----

|                 |                                      |                                      |                 |                  |                  |  |            |   |   |                   |  |   |                 |  |            |   |  |  |  |  |
|-----------------|--------------------------------------|--------------------------------------|-----------------|------------------|------------------|--|------------|---|---|-------------------|--|---|-----------------|--|------------|---|--|--|--|--|
|                 | For the Year Ended December 31, 2021 | For the Year Ended December 31, 2020 |
| Average Balance | Interest Expense                     | Int Expense Rate                     | Average Balance | Interest Expense | Int Expense Rate |
| Bank Facility   | $                                    | 82,615,385                      |                 | $                | 3,044,071   |  | 3.68  | % | $ | 152,884,615  |  | $ | 6,005,817  |  | 3.93  | % |

|                               |                              |                 |               |   |                 |  |   |             |  |  |  |
|-------------------------------|------------------------------|-----------------|---------------|---|-----------------|--|---|-------------|--|--|--|
|                               | For the Years Ended December |                 |
| Operating Expenses            | 2021                         | 2020            | Change        |
| Management fees               | $                            | 4,485,828  |               | $ | 8,166,189  |  | $ | (3,680,361) |  |
| Banking and professional fees | 1,538,179               |                 | 776,328  |   | 761,851    |  |
| Other operating expenses      | 191,194                 |                 | 228,722  |   | (37,528)        |  |
| Total operating expenses      | $                            | 6,215,201  |               | $ | 9,171,239  |  | $ | (2,956,038) |  |

----

|                                           |                                                  |                   |                                      |               |   |                   |  |  |  |  |  |
|-------------------------------------------|--------------------------------------------------|-------------------|--------------------------------------|---------------|---|-------------------|--|--|--|--|--|
|                                           |   For the Year Ended December 31, 2021 |                   | For the Year Ended December 31, 2020 |
| Net cash provided by operating activities | $                                                | 182,013,741  |                                      |               | $ | 126,116,523  |  |
| Net cash used in financing activities     | (187,949,381)                                    |                   |                                      | (129,934,756) |   |
| Net decrease in cash and cash equivalents | $                                                | (5,935,640)       |                                      |               | $ | (3,818,233)       |  |
|                                           |                                                  |                   |                                      |
|                                           |                                                  |                   |                                      |
|                                           |                                                  |                   |                                      |
|                                           |                                                  |                   |                                      |
|                                           |                                                  |                   |                                      |
|                                           |                                                  |                   |                                      |

|                   |                             |                                                  |                                        |                               |  |  |  |  |  |  |  |  |  |  |
|-------------------|-----------------------------|--------------------------------------------------|----------------------------------------|-------------------------------|--|--|--|--|--|--|--|--|--|--|
| As of             | Cumulative Amount Disbursed | Principal Reductions and Fair Market Adjustments | Balance Outstanding – Fair Value | UnexpiredUnfunded Commitments |
| December 31, 2021 | $937.9 million              | $829.4 million                                   | $108.5 million                         | $—                      |
| December 31, 2020 | $936.3 million              | $671.7 million                                   | $264.6 million                         | $22.3 million                 |

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|                                   |                                        |                                                    |                           |            |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------|----------------------------------------|----------------------------------------------------|---------------------------|------------|--|--|--|--|--|--|--|--|--|--|
| Effect of Interest Rate Change By | Other Interest and Other Income (Loss) | Unrealized Gain (Loss) from Derivative Instruments | Interest Income (Expense) | Total Loss |
| (0.50)%                           | $(14,079)                              | $(150,000)                                         | $47,000                   | $(117,079) |
| 1%                                | $28,158                                | $64,500                                            | $(470,000)                | $(377,342) |
| 2%                                | $56,315                                | $364,500                                           | $(940,000)                | $(519,185) |
| 3%                                | $84,473                                | $664,500                                           | $(1,410,000)              | $(661,027) |
| 4%                                | $112,630                               | $964,500                                           | $(1,880,000)              | $(802,870) |
| 5%                                | $140,788                               | $1,264,500                                         | $(2,350,000)              | $(944,712) |

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|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  |  |  |  |
|---------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| Exhibit     | Exhibit Title                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 3.1                             | Articles of Incorporation of the Fund as filed with the Maryland Secretary of State on May 6, 2015, incorporated by reference to the Fund’s Registration Statement on Form 10 filed with the Securities and Exchange Commission on May 29, 2015.                                                                                                                                                                                                                                                                                    |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 3.2                             | Bylaws of the Fund, incorporated by reference to the Fund’s Registration Statement on Form 10 filed with the Securities and Exchange Commission on May 29, 2015.                                                                                                                                                                                                                                                                                                                                                                    |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 4.1                             | Purchase Agreement dated May 6, 2015 between the Fund and the Company, incorporated by reference to Exhibit 4.1 to the Fund’s Registration Statement on Form 10 filed with the Securities and Exchange Commission on May 29, 2015.                                                                                                                                                                                                                                                                                                  |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 4.2                             | Description of the Registrant’s securities registered pursuant to Section 12(G) of the Securities and Exchange Act of 1934.                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.1                            | Global Custody Agreement dated July 27, 2015between the Fund and MUFG Union Bank, N.A. as supplemented by Schedule I attached thereto, dated April 26, 2021.                                                                                                                                                                                                                                                                                                                                                                              |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.2                            | Management Agreement dated August 3, 2015, between the Fund and the Manager.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.3                            | Custody Agreement between the Fund and Wells Fargo Bank, National Association effective December 11, 2019.                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.4                            | Letter, dated August 15, 2021, from U.S. Bank National Association (“US Bank”), acknowledging assumption of custodial duties and transfer of custody agreements from MUFG Union Bank, N.A. (Exhibit 10.1 to this 10-K)to US Bank by operation of law pursuant to Depository Corporation Sale, Merger, and Conversion Law, CA Fin Code § 4800 (2016), effective March 15, 2021, incorporated by reference to Exhibit 10.4 to the Fund’s 10-Q filed with the Securities and Exchange Commission on November 12,2021. |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 31.1                            | Chief Executive Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (Rules 13a -14(a) and 15d-14(a) Certification).                                                                                                                                                                                                                                                                                                                                                                                          |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 31.2                            | Chief Financial Officer certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (Rules 13a -14(a) and 15d-14(a) Certification).                                                                                                                                                                                                                                                                                                                                                                                         |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 32.1                            | Chief Executive Officer certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (Section 1350 Certification).                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 32.2                            | Chief Financial Officer certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (Section 1350 Certification).                                                                                                                                                                                                                                                                                                                                                                                                            |

----

----

|         |                                       |                |                               |           |                |  |  |  |  |  |  |  |  |  |  |  |  |
|---------|---------------------------------------|----------------|-------------------------------|-----------|----------------|--|--|--|--|--|--|--|--|--|--|--|--|
| By: | /S/David R. Wanek             | By:        | /S/Jared S. Thear     |
|         | David R.Wanek                         |                | Jared S. Thear                |
|         | President and Chief Executive Officer |                | Chief Financial Officer       |
|         | (Principal Executive Officer)         |                | (Principal Financial Officer) |
|         | Date:                             | March 14, 2022 |                               | Date: | March 14, 2022 |

|         |                                         |                         |                |  |  |  |  |  |  |  |  |  |  |  |
|---------|-----------------------------------------|-------------------------|----------------|--|--|--|--|--|--|--|--|--|--|--|
|         | NAME                                    | TITLE                   | DATE           |  |
|         |                                         |                         |                |  |
| By: | /S/ Maurice C. Werdegar         | Chairman & Director | March 14, 2022 |  |
|         | Maurice C. Werdegar                     |                         |                |  |
|         |                                         |                         |                |  |
| By: | /S/Salvador Gutierrez           | Director                | March 14, 2022 |  |
|         | Salvador Gutierrez                      |                         |                |  |
|         |                                         |                         |                |  |
| By: | /S/ Monica Lai                  | Director                | March 14, 2022 |  |
|         | Monica Lai                              |                         |                |  |
|         |                                         |                         |                |  |
| By: | /S/ Spiro Constantine Lazarakis | Director                | March 14, 2022 |  |
|         | Spiro Constantine Lazarakis             |                         |                |  |
|         |                                         |                         |                |  |
| By: | /S/ Arthur C. Spinner           | Director                | March 14, 2022 |  |
|         | Arthur C. Spinner                       |                         |                |  |

----

----

----

|                                                                                                                                          |                   |                   |                   |                   |   |                   |  |  |  |  |  |
|------------------------------------------------------------------------------------------------------------------------------------------|-------------------|-------------------|-------------------|-------------------|---|-------------------|--|--|--|--|--|
|                                                                                                                                          | December 31, 2021 |                   | December 31, 2020 |
| ASSETS:                                                                                                                              |                   |                   |                   |
| Loans, at estimated fair value                                                                                                           |                   |                   |                   |
|    (cost of $131,576,413 and $288,221,039)                                                                                | $                 | 108,465,616  |                   |                   | $ | 264,629,798  |  |
|                                                                                                                                          |                   |                   |                   |
| Cash and cash equivalents                                                                                                                | 2,815,756    |                   |                   | 8,751,396    |   |
| Dividend and interest receivables                                                                                                        | 1,369,848    |                   |                   | 3,241,010    |   |
| Other assets                                                                                                                             | 1,061,128    |                   |                   | 1,633,669    |   |
| Total assets                                                                                                                             | 113,712,348  |                   |                   | 278,255,873  |   |
|                                                                                                                                          |                   |                   |                   |
| LIABILITIES:                                                                                                                         |                   |                   |                   |
| Borrowings under debt facility                                                                                                           | 47,000,000   |                   |                   | 115,500,000  |   |
| Accrued management fees                                                                                                                  | 710,702      |                   |                   | 1,739,099    |   |
| Derivative liability                                                                                                                     | 4,733        |                   |                   | 61,242       |   |
| Accounts payable and other accrued liabilities                                                                                           | 605,576      |                   |                   | 1,221,648    |   |
| Total liabilities                                                                                                                        | 48,321,011   |                   |                   | 118,521,989  |   |
|                                                                                                                                          |                   |                   |                   |
| NET ASSETS:                                                                                                                          | $                 | 65,391,337   |                   |                   | $ | 159,733,884  |  |
|                                                                                                                                          |                   |                   |                   |
| Analysis of Net Assets:                                                                                                              |                   |                   |                   |
|                                                                                                                                          |                   |                   |                   |
| Capital paid in on shares of capital stock                                                                                               | $                 | 356,075,000  |                   |                   | $ | 352,075,000  |  |
|                                                                                                                                          |                   |                   |                   |
| Cumulative return of capital distributions                                                                                               | (263,033,898)     |                   |                   | (164,154,399)     |   |
| Total distributable losses                                                                                                               | (27,649,765)      |                   |                   | (28,186,717)      |   |
| Net assets (equivalent to $653.91 and $1,597.34 per share based on 100,000 shares of capital stock outstanding - See Note 5 and Note 11) | $                 | 65,391,337   |                   |                   | $ | 159,733,884  |  |
|                                                                                                                                          | —      |                   |                   | —      |   |
|                                                                                                                                          |                   |                   |                   |
| Commitments & Contingent Liabilities:                                                                                            |                   |                   |                   |
| Unexpired unfunded commitments (See Note 10)                                                                                             | $                 | —      |                   |                   | $ | 22,325,000   |  |

----

|                                                                                  |                    |                  |                    |                  |                    |                  |                  |  |   |                  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--------------------|------------------|--------------------|------------------|--------------------|------------------|------------------|--|---|------------------|--|--|--|--|--|--|--|
|                                                                                  | For the Year Ended |                  | For the Year Ended |                  | For the Year Ended |
|                                                                                  | December 31, 2021  |                  | December 31, 2020  |                  | December 31, 2019  |
| INVESTMENT INCOME:                                                           |                    |                  |                    |                  |                    |
| Interest on loans                                                                | $                  | 37,114,806  |                    |                  | $                  | 57,258,140  |                  |  | $ | 65,256,443  |  |
| Other interest and other income                                                  | 1,965         |                  |                    | 532,211     |                    |                  | 296,214     |  |
| Total investment income                                                          | 37,116,771    |                  |                    | 57,790,351  |                    |                  | 65,552,657  |  |
|                                                                                  |                    |                  |                    |                  |                    |
| EXPENSES:                                                                    |                    |                  |                    |                  |                    |
| Management fees                                                                  | 4,485,828     |                  |                    | 8,166,189   |                    |                  | 9,705,516   |  |
| Interest expense                                                                 | 3,044,071     |                  |                    | 6,005,817   |                    |                  | 9,997,464   |  |
| Banking and professional fees                                                    | 1,538,179     |                  |                    | 776,328     |                    |                  | 546,063     |  |
| Other operating expenses                                                         | 191,194       |                  |                    | 228,722     |                    |                  | 294,752     |  |
| Total expenses                                                                   | 9,259,272     |                  |                    | 15,177,056  |                    |                  | 20,543,795  |  |
| Net investment income                                                            | 27,857,499    |                  |                    | 42,613,295  |                    |                  | 45,008,862  |  |
|                                                                                  |                    |                  |                    |                  |                    |
| Net realized loss from loans                                                     | (2,012,521)        |                  |                    | (879,241)        |                    |                  | (14,223,082)     |  |
| Net realized gain (loss) from derivative instruments                             | (49,381)           |                  |                    | (922,615)        |                    |                  | 85,453      |  |
| Net change in unrealized gain (loss) from loans                                  | 480,443       |                  |                    | (16,502,646)     |                    |                  | (759,677)        |  |
| Net change in unrealized gain (loss) from derivative instruments                 | 56,509        |                  |                    | 285,941     |                    |                  | (963,331)        |  |
| Net realized and change in unrealized loss from loans and derivative instruments | (1,524,950)        |                  |                    | (18,018,561)     |                    |                  | (15,860,637)     |  |
| Net increase in net assets resulting from operations                             | $                  | 26,332,549  |                    |                  | $                  | 24,594,734  |                  |  | $ | 29,148,225  |  |
|                                                                                  |                    |                  |                    |                  |                    |
| Amounts per common share:                                                    |                    |                  |                    |                  |                    |
| Net increase in net assets resulting from operations per share                   | $                  | 263.33      |                    |                  | $                  | 245.95      |                  |  | $ | 291.48      |  |
| Weighted-average shares outstanding                                              | 100,000       |                  |                    | 100,000     |                    |                  | 100,000     |  |

----

|                                                      |              |               |           |                            |                  |                                 |                   |                            |  |            |                  |  |  |                  |              |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------|--------------|---------------|-----------|----------------------------|------------------|---------------------------------|-------------------|----------------------------|--|------------|------------------|--|--|------------------|--------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                      | Common Stock |               |           |                            |                  |                                 |                   |                            |  |
|                                                      | Shares       | Par Value     |           | Additional Paid-in Capital |                  | Return of Capital Distributions |                   | Total Distributable Losses |  | Net Assets |
| Balance at December 31, 2018 (a)                     | 100,000      | $             | 100  |                            |                  | $                               | 297,574,900  |                            |  | $          | (70,784,044)     |  |  | $                | (10,247,005) |  |  | $ | 216,543,951  |  |
| Net increase in net assets resulting from operations | —      | —  |           |                            | —     |                                 |                   | —               |  |            | 29,148,225  |  |  | 29,148,225  |              |
| Contributions by shareholder                         | —      | —  |           |                            | 17,000,000  |                                 |                   | —               |  |            | —     |  |  | 17,000,000  |              |
| Distributions of income to shareholder               | —      | —  |           |                            | —     |                                 |                   | —               |  |            | (30,871,232)     |  |  | (30,871,232)     |              |
| Return of capital to shareholder                     | —      | —  |           |                            | —     |                                 |                   | (25,235,780)               |  |            | —     |  |  | (25,235,780)     |              |
|                                                      |              |               |           |                            |                  |                                 |                   |                            |  |            |
| Balance December 31, 2019 (a)                        | 100,000      | $             | 100  |                            |                  | $                               | 314,574,900  |                            |  | $          | (96,019,824)     |  |  | $                | (11,970,012) |  |  | $ | 206,585,164  |  |
| Net increase in net assets resulting from operations | —      | —  |           |                            | —     |                                 |                   | —               |  |            | 24,594,734  |  |  | 24,594,734  |              |
| Contributions by shareholder                         | —      | —  |           |                            | 37,500,000  |                                 |                   | —               |  |            | —     |  |  | 37,500,000  |              |
| Distributions of income to shareholder               | —      | —  |           |                            | —     |                                 |                   | —               |  |            | (40,811,439)     |  |  | (40,811,439)     |              |
| Return of capital to shareholder                     | —      | —  |           |                            | —     |                                 |                   | (68,134,575)               |  |            | —     |  |  | (68,134,575)     |              |
| Balance December 31, 2020 (a)                        | 100,000      | $             | 100  |                            |                  | $                               | 352,074,900  |                            |  | $          | (164,154,399)    |  |  | $                | (28,186,717) |  |  | $ | 159,733,884  |  |
| Net increase in net assets resulting from operations | —      | —  |           |                            | —     |                                 |                   | —               |  |            | 26,332,549  |  |  | 26,332,549  |              |
| Contributions by shareholder                         | —      | —  |           |                            | 4,000,000   |                                 |                   | —               |  |            | —     |  |  | 4,000,000   |              |
| Distributions of income to shareholder               | —      | —  |           |                            | —     |                                 |                   | —               |  |            | (25,795,596)     |  |  | (25,795,596)     |              |
| Return of capital to shareholder                     | —      | —  |           |                            | —     |                                 |                   | (98,879,500)               |  |            | —     |  |  | (98,879,500)     |              |
| Balance December 31, 2021                            | 100,000      | $             | 100  |                            |                  | $                               | 356,074,900  |                            |  | $          | (263,033,899)    |  |  | $                | (27,649,764) |  |  | $ | 65,391,337   |  |

----

|                                                                                                                                 |                    |                  |                       |                   |                       |                  |                   |  |   |                  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------|--------------------|------------------|-----------------------|-------------------|-----------------------|------------------|-------------------|--|---|------------------|--|--|--|--|--|--|--|
|                                                                                                                                 | For the Year Ended |                  | For the Year Ended    |                   | For the Year Ended    |
|                                                                                                                                 | December 31, 2021  |                  | December 31, 2020 (a) |                   | December 31, 2019 (a) |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                       |                    |                  |                       |                   |                       |
| Net increase in net assets resulting from operations                                                                            | $                  | 26,332,549  |                       |                   | $                     | 24,594,734  |                   |  | $ | 29,148,225  |  |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities: |                    |                  |                       |                   |                       |
| Net realized loss from loans                                                                                                    | 2,012,521     |                  |                       | 879,241      |                       |                  | 14,223,082   |  |
| Net realized (gain) loss from derivative instruments                                                                            | 49,381        |                  |                       | 922,615      |                       |                  | (85,453)          |  |
| Net change in unrealized (gain) loss from loans                                                                                 | (480,443)          |                  |                       | 16,502,646   |                       |                  | 759,677      |  |
| Net change in unrealized (gain) loss from derivative instruments                                                                | (56,509)           |                  |                       | (285,941)         |                       |                  | 963,331      |  |
| Amortization of deferred costs related to debt facility and derivative instruments                                              | 547,246       |                  |                       | 567,195      |                       |                  | 552,504      |  |
| Origination of loans                                                                                                            | (1,500,000)        |                  |                       | (96,050,000)      |                       |                  | (169,975,000)     |  |
| Principal payments on loans, net of accretion                                                                                   | 153,463,021   |                  |                       | 183,460,604  |                       |                  | 173,958,930  |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
| Proceeds from sale of loan                                                                                                      | 1,425,000     |                  |                       | —      |                       |                  | —      |  |
| Acquisition of equity securities                                                                                                | (31,012)           |                  |                       | (5,012,479)       |                       |                  | (11,298,994)      |  |
| Change in operating assets and liabilities:                                                                                 |                    |                  |                       |                   |                       |
| Net decrease in dividend and interest receivables                                                                               | 1,871,162     |                  |                       | 1,461,801    |                       |                  | 53,221       |  |
| Net (increase) decrease in other assets                                                                                         | 25,294        |                  |                       | (37,386)          |                       |                  | 134,941      |  |
| Net decrease in accounts payable, other accrued liabilities and accrued management fees                                         | (1,644,469)        |                  |                       | (886,507)         |                       |                  | (1,588,650)       |  |
| Net cash provided by operating activities                                                                                       | 182,013,741   |                  |                       | 126,116,523  |                       |                  | 36,845,814   |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                       |                    |                  |                       |                   |                       |
| Cash distributions to shareholder                                                                                               | (123,400,000)      |                  |                       | (101,400,000)     |                       |                  | (36,750,000)      |  |
| Contributions from shareholder                                                                                                  | 4,000,000     |                  |                       | 37,500,000   |                       |                  | 17,000,000   |  |
| Borrowings under debt facility                                                                                                  | 34,000,000    |                  |                       | 83,500,000   |                       |                  | 48,500,000   |  |
| Repayments of borrowings under debt facility                                                                                    | (102,500,000)      |                  |                       | (147,000,000)     |                       |                  | (72,500,000)      |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
| Payments made for derivative instruments                                                                                        | (49,381)           |                  |                       | (922,615)         |                       |                  | (142,635)         |  |
| Payment received from derivative instruments                                                                                    | —       |                  |                       | —      |                       |                  | 228,088      |  |
| Payments of bank facility fees and costs                                                                                        | —       |                  |                       | (1,612,141)       |                       |                  | —      |  |
| Net cash used in financing activities                                                                                           | (187,949,381)      |                  |                       | (129,934,756)     |                       |                  | (43,664,547)      |  |
| Net decrease in cash and cash equivalents                                                                                       | (5,935,640)        |                  |                       | (3,818,233)       |                       |                  | (6,818,733)       |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
| CASH AND CASH EQUIVALENTS:                                                                                                  |                    |                  |                       |                   |                       |
| Beginning of year                                                                                                               | 8,751,396     |                  |                       | 12,569,629   |                       |                  | 19,388,362   |  |
| End of year                                                                                                                     | $                  | 2,815,756   |                       |                   | $                     | 8,751,396   |                   |  | $ | 12,569,629  |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
| SUPPLEMENTAL DISCLOSURES:                                                                                                   |                    |                  |                       |                   |                       |
| CASH PAID DURING THE YEAR:                                                                                                  |                    |                  |                       |                   |                       |
| Interest - Debt facility                                                                                                        | $                  | 2,657,969   |                       |                   | $                     | 5,375,812   |                   |  | $ | 11,499,187  |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
| NON-CASH OPERATING AND FINANCING ACTIVITIES:                                                                                |                    |                  |                       |                   |                       |
| Distributions of equity securities and convertible notes to shareholder                                                         | $                  | 1,275,096   |                       |                   | $                     | 7,546,014   |                   |  | $ | 19,357,012  |  |
| Receipt of equity securities and convertible notes as repayment of loans                                                        | $                  | 1,244,084   |                       |                   | $                     | 2,533,535   |                   |  | $ | 8,058,018   |  |
|                                                                                                                                 |                    |                  |                       |                   |                       |
|                                                                                                                                 |                    |                  |                       |                   |                       |

----

|                               |                                       |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |  |   |                  |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|---------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------|------------------|-----------|--|----------------|------------------|---------------------|--|---|------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                      | Borrower                              |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal  |                  | Cost      |  | Fair Value (d) |                  | Final Maturity Date |
| Biotechnology                 |                                       |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
|                               | Driver Bioengineering, Inc.           |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | $          | 548,126     |           |  | $              | 541,260     |                     |  | $ | 541,260     |  |  | 6/1/2023 |
|                               | Driver Bioengineering, Inc.           |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 210,665    |                  | 196,510   |  | 196,510        |                  | 4/1/2023    |
|                               | Driver Bioengineering, Inc. Subtotal  |  |                           |  |                |  |                   |  |                         |  | 758,791    |                  | 737,770   |  | 737,770        |                  |                     |
|                               | Orpheus Therapeutics, Inc.            |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 178,510    |                  | 174,288   |  | -              |                  | *                   |
|                               | Quartzy, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 996,046    |                  | 980,260   |  | 980,260        |                  | 5/1/2024    |
|                               | Quartzy, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,054,875  |                  | 1,036,987 |  | 1,036,987      |                  | 7/1/2024    |
|                               | Quartzy, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 478,138    |                  | 445,430   |  | 445,430        |                  | 8/1/2023    |
|                               | Quartzy, Inc. Subtotal                |  |                           |  |                |  |                   |  |                         |  | 2,529,059  |                  | 2,462,677 |  | 2,462,677      |                  |                     |
| Biotechnology Total           |                                       |  | 4.9%                      |  |                |  |                   |  |                         |  | $          | 3,466,360   |           |  | $              | 3,374,735   |                     |  | $ | 3,200,447   |  |  |                  |
|                               |                                       |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
| Computers & Storage       |                                       |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
|                               | Canary Connect, Inc.                  |  |                           |  | Senior Secured |  | 12.8%             |  |                         |  | $          | 1,332,737   |           |  | $              | 1,312,821   |                     |  | $ | 1,312,821   |  |  | 3/1/2023 |
| Computers & Storage Total |                                       |  | 2.0%                      |  |                |  |                   |  |                         |  | $          | 1,332,737   |           |  | $              | 1,312,821   |                     |  | $ | 1,312,821   |  |  |                  |
|                               |                                       |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
| Internet                      |                                       |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
|                               | Ainsly, Inc. ** ^                 |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | $          | 73,617      |           |  | $              | 73,617      |                     |  | $ | 73,617      |  |  | 8/1/2022 |
|                               | Ainsly, Inc. ** ^                 |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 220,835    |                  | 215,380   |  | 215,380        |                  | 8/1/2022    |
|                               | Ainsly, Inc. ** ^                 |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 180,970    |                  | 167,037   |  | 167,037        |                  | 9/1/2023    |
|                               | Ainsly, Inc. ** ^ Subtotal        |  |                           |  |                |  |                   |  |                         |  | 475,422    |                  | 456,034   |  | 456,034        |                  |                     |
|                               | Daily Muse, Inc.                      |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 3,539,095  |                  | 3,525,008 |  | 3,525,008      |                  | 7/1/2023    |
|                               | Lenddo International ** ^         |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 545,048    |                  | 544,703   |  | 9,975          |                  | *                   |
|                               | Merchbar, Inc.                        |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 265,285    |                  | 258,235   |  | 258,235        |                  | 3/1/2023    |
|                               | MyPizza Technologies, Inc.            |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 2,179,705  |                  | 2,160,762 |  | 2,160,762      |                  | 2/1/2024    |
|                               | MyPizza Technologies, Inc.            |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 4,061,477  |                  | 3,981,527 |  | 3,981,527      |                  | 12/1/2023   |
|                               | MyPizza Technologies, Inc. Subtotal   |  |                           |  |                |  |                   |  |                         |  | 6,241,182  |                  | 6,142,289 |  | 6,142,289      |                  |                     |
|                               | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 844,634    |                  | 794,936   |  | 794,936        |                  | 3/1/2023    |
|                               | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 157,216    |                  | 155,178   |  | 155,178        |                  | 6/1/2023    |
|                               | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 157,130    |                  | 150,858   |  | 150,858        |                  | 6/1/2023    |
|                               | RenoFi, Inc. Subtotal                 |  |                           |  |                |  |                   |  |                         |  | 314,346    |                  | 306,036   |  | 306,036        |                  |                     |
|                               | Residently USA, LLC ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 305,431    |                  | 305,431   |  | 305,431        |                  | 12/1/2023   |
|                               | Residently USA, LLC ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 498,522    |                  | 470,265   |  | 470,265        |                  | 2/1/2023    |
|                               | Residently USA, LLC ** ^ Subtotal |  |                           |  |                |  |                   |  |                         |  | 803,953    |                  | 775,696   |  | 775,696        |                  |                     |
|                               | Serface Care, Inc.                    |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 597,411    |                  | 433,243   |  | 36,200         |                  | *                   |
|                               | Shadow, PBC                           |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 331,399    |                  | 310,681   |  | -              |                  | *                   |
|                               | Stay Alfred, Inc.                     |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 10,181,111 |                  | 8,095,475 |  | 814,127        |                  | *                   |
|                               | Verishop, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,744,243  |                  | 1,727,396 |  | 1,727,396      |                  | 12/1/2023   |
|                               | Verishop, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,743,583  |                  | 1,692,394 |  | 1,692,394      |                  | 12/1/2023   |
|                               | Verishop, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 3,487,826  |                  | 3,419,790 |  | 3,419,790      |                  |                     |
| Internet Total                |                                       |  | 25.3%                     |  |                |  |                   |  |                         |  | $          | 27,626,712  |           |  | $              | 25,062,126  |                     |  | $ | 16,538,326  |  |  |                  |

----

|                        |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |  |   |                  |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|-------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------|------------------|-----------|--|----------------|------------------|---------------------|--|---|------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry               | Borrower                      |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal  |                  | Cost      |  | Fair Value (d) |                  | Final Maturity Date |
|                        |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
| Medical Devices        |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
|                        | Ablacon, Inc.                 |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | $          | 1,322,356   |           |  | $              | 1,311,100   |                     |  | $ | 1,311,100   |  |  | 3/1/2023 |
|                        | Ablacon, Inc.                 |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,321,869  |                  | 1,291,586 |  | 1,291,586      |                  | 3/1/2023    |
|                        | Ablacon, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 2,644,225  |                  | 2,602,686 |  | 2,602,686      |                  |                     |
|                        | Anutra Medical, Inc.          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 90,784     |                  | 89,283    |  | 89,283         |                  | 10/1/2022   |
|                        | CytoVale, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 118,901    |                  | 118,390   |  | 118,390        |                  | 7/1/2022    |
|                        | CytoVale, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 361,456    |                  | 357,071   |  | 357,071        |                  | 11/1/2023   |
|                        | CytoVale, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 128,023    |                  | 127,543   |  | 127,543        |                  | 6/1/2022    |
|                        | CytoVale, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 347,288    |                  | 335,948   |  | 335,948        |                  | 10/1/2023   |
|                        | CytoVale, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 64,961     |                  | 64,412    |  | 64,412         |                  | 3/1/2022    |
|                        | CytoVale, Inc. Subtotal       |  |                           |  |                |  |                   |  |                         |  | 1,020,629  |                  | 1,003,364 |  | 1,003,364      |                  |                     |
|                        | eXo Imaging, Inc.             |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,445,467  |                  | 1,425,130 |  | 1,425,130      |                  | 9/1/2023    |
|                        | eXo Imaging, Inc.             |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,444,176  |                  | 1,379,677 |  | 1,379,677      |                  | 9/1/2023    |
|                        | eXo Imaging, Inc. Subtotal    |  |                           |  |                |  |                   |  |                         |  | 2,889,643  |                  | 2,804,807 |  | 2,804,807      |                  |                     |
|                        | Medrobotics Corporation, Inc. |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 10,000,000 |                  | 8,855,103 |  | 964,900        |                  | *                   |
|                        | RadiAction Ltd. ** ^      |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 148,873    |                  | 148,438   |  | 148,438        |                  | 4/1/2022    |
|                        | Renovia, Inc.                 |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 5,734,480  |                  | 5,033,751 |  | 5,033,751      |                  | 1/1/2023    |
| Medical Devices Total  |                               |  | 19.3%                     |  |                |  |                   |  |                         |  | $          | 22,528,634  |           |  | $              | 20,537,432  |                     |  | $ | 12,647,229  |  |  |                  |
|                        |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
| Other Healthcare       |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
|                        | GoForward, Inc.               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | $          | 3,091,343   |           |  | $              | 3,036,842   |                     |  | $ | 3,036,842   |  |  | 6/1/2024 |
|                        | GoForward, Inc.               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 4,507,323  |                  | 4,304,301 |  | 4,304,301      |                  | 9/1/2023    |
|                        | GoForward, Inc. Subtotal      |  |                           |  |                |  |                   |  |                         |  | 7,598,666  |                  | 7,341,143 |  | 7,341,143      |                  |                     |
|                        | Hello Heart Inc.              |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 586,952    |                  | 580,837   |  | 580,837        |                  | 11/1/2023   |
|                        | Hello Heart Inc.              |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 561,643    |                  | 557,061   |  | 557,061        |                  | 4/1/2023    |
|                        | Hello Heart Inc.              |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 701,855    |                  | 683,970   |  | 683,970        |                  | 4/1/2023    |
|                        | Hello Heart Inc. Subtotal     |  |                           |  |                |  |                   |  |                         |  | 1,850,450  |                  | 1,821,868 |  | 1,821,868      |                  |                     |
|                        | HumanAPI, Inc.                |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,175,103  |                  | 1,145,778 |  | 1,145,778      |                  | 7/1/2023    |
|                        | Myolex, Inc.                  |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 762,531    |                  | 726,537   |  | -              |                  | *                   |
|                        | Robin Care, Inc.              |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 319,275    |                  | 308,844   |  | -              |                  | *                   |
|                        | SchoolCare, Inc.              |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 395,761    |                  | 388,046   |  | 82,551         |                  | *                   |
|                        | Therapydia, Inc.              |  |                           |  | Senior Secured |  | 12.5%             |  | 1.7%                    |  | 68,858     |                  | 68,858    |  | 68,858         |                  | 6/1/2023    |
|                        | Therapydia, Inc.              |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 110,450    |                  | 109,550   |  | 109,550        |                  | 12/1/2022   |
|                        | Therapydia, Inc.              |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 119,096    |                  | 118,054   |  | 118,054        |                  | 1/1/2023    |
|                        | Therapydia, Inc.              |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 75,014     |                  | 73,498    |  | 73,498         |                  | 8/1/2022    |
|                        | Therapydia, Inc.              |  |                           |  | Senior Secured |  | 12.0%             |  | 1.7%                    |  | 58,588     |                  | 56,636    |  | 56,636         |                  | 3/1/2023    |
|                        | Therapydia, Inc. Subtotal     |  |                           |  |                |  |                   |  |                         |  | 432,006    |                  | 426,596   |  | 426,596        |                  |                     |
| Other Healthcare Total |                               |  | 16.5%                     |  |                |  |                   |  |                         |  | $          | 12,533,792  |           |  | $              | 12,158,812  |                     |  | $ | 10,817,936  |  |  |                  |
|                        |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
| Other Technology       |                               |  |                           |  |                |  |                   |  |                         |  |            |                  |           |  |                |                  |                     |
|                        | Abiquo Group, Inc. ** ^   |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | $          | 54,713      |           |  | $              | 53,294      |                     |  | $ | 53,294      |  |  | *                |
|                        | Aclima, Inc.                  |  |                           |  | Senior Secured |  | 11.9%             |  |                         |  | 149,173    |                  | 143,913   |  | 143,913        |                  | 4/1/2022    |
|                        | Aclima, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,507,598  |                  | 1,388,554 |  | 1,388,554      |                  | 10/1/2023   |
|                        | Aclima, Inc. Subtotal         |  |                           |  |                |  |                   |  |                         |  | 1,656,771  |                  | 1,532,467 |  | 1,532,467      |                  |                     |

----

|          |                                          |  |                           |  |                |  |                   |  |                         |  |           |  |           |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------|------------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|-----------|--|-----------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry | Borrower                                 |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal |  | Cost      |  | Fair Value (d) |  | Final Maturity Date |
|          | Antitoxin Technologies Inc. ** ^     |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 163,653   |  | 160,030   |  | 132,662        |  | 9/1/2022    |
|          | ATeam Army, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 705,214   |  | 684,917   |  | 684,917        |  | 4/1/2023    |
|          | Beanfields, PBC                          |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 1,126,232 |  | 1,136,604 |  | 1,005,226      |  | *                   |
|          | BloomTech Inc.                           |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 3,292,027 |  | 3,188,984 |  | 3,188,984      |  | 7/1/2023    |
|          | BloomTech Inc.                           |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 1,724,925 |  | 1,724,925 |  | 1,724,925      |  | 8/1/2023    |
|          | BloomTech Inc. Subtotal                  |  |                           |  |                |  |                   |  |                         |  | 5,016,952 |  | 4,913,909 |  | 4,913,909      |  |                     |
|          | Brightside Benefit, Inc.                 |  |                           |  | Senior Secured |  | 12.4%             |  |                         |  | 456,660   |  | 453,272   |  | 453,272        |  | 3/1/2023    |
|          | Brightside Benefit, Inc.                 |  |                           |  | Senior Secured |  | 12.1%             |  |                         |  | 211,297   |  | 207,383   |  | 207,383        |  | 9/1/2022    |
|          | Brightside Benefit, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 667,957   |  | 660,655   |  | 660,655        |  |                     |
|          | BW Industries, Inc.                      |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,098,200 |  | 1,048,349 |  | 1,048,349      |  | 5/1/2023    |
|          | BW Industries, Inc.                      |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,157,127 |  | 1,144,903 |  | 1,144,903      |  | 6/1/2023    |
|          | BW Industries, Inc. Subtotal             |  |                           |  |                |  |                   |  |                         |  | 2,255,327 |  | 2,193,252 |  | 2,193,252      |  |                     |
|          | Eguana Technologies, Inc. ** ^       |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 56,943    |  | 56,418    |  | 56,418         |  | 2/1/2022    |
|          | Fitplan, Inc. ** ^                   |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 994,922   |  | 815,498   |  | 815,498        |  | 11/1/2023   |
|          | Flo Water, Inc.                          |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,394,506 |  | 1,348,314 |  | 1,348,314      |  | 12/1/2023   |
|          | Heartwork, Inc.                          |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 379,462   |  | 371,981   |  | 20,443         |  | *                   |
|          | Higher Ground Education, Inc.            |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 1,075,086 |  | 1,050,104 |  | 1,050,104      |  | 1/1/2023    |
|          | Higher Ground Education, Inc.            |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 781,981   |  | 775,361   |  | 775,361        |  | 4/1/2023    |
|          | Higher Ground Education, Inc.            |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 275,567   |  | 273,064   |  | 273,064        |  | 5/1/2023    |
|          | Higher Ground Education, Inc.            |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 319,321   |  | 316,022   |  | 316,022        |  | 8/1/2023    |
|          | Higher Ground Education, Inc. Subtotal   |  |                           |  |                |  |                   |  |                         |  | 2,451,955 |  | 2,414,551 |  | 2,414,551      |  |                     |
|          | Hint, Inc.                               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 3,440,711 |  | 3,234,998 |  | 3,234,998      |  | 6/1/2023    |
|          | Jiko Group, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,200,833 |  | 2,142,294 |  | 2,142,294      |  | 6/1/2023    |
|          | Make School, Inc.                        |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 79,946    |  | 45,837    |  | 19,536         |  | *                   |
|          | Merlin Labs, Inc.                        |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 110,140   |  | 109,024   |  | 109,024        |  | 6/1/2022    |
|          | Merlin Labs, Inc.                        |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 115,653   |  | 114,777   |  | 114,777        |  | 1/1/2023    |
|          | Merlin Labs, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 225,793   |  | 223,801   |  | 223,801        |  |                     |
|          | NewGlobe Schools, Inc. ** ^          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 1,177,191 |  | 1,163,157 |  | 1,163,157      |  | 8/1/2022    |
|          | NewGlobe Schools, Inc. ** ^          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,423,182 |  | 2,360,035 |  | 2,360,035      |  | 8/1/2023    |
|          | NewGlobe Schools, Inc. ** ^ Subtotal |  |                           |  |                |  |                   |  |                         |  | 3,600,373 |  | 3,523,192 |  | 3,523,192      |  |                     |
|          | Noteleaf, Inc.                           |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 2,277,124 |  | 1,861,011 |  | 309,063        |  | *                   |
|          | Opya, Inc.                               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 380,808   |  | 367,495   |  | 367,495        |  | 11/1/2023   |
|          | Percepto, Inc.                           |  |                           |  | Senior Secured |  | 12.2%             |  |                         |  | 879,619   |  | 856,749   |  | 856,749        |  | 4/1/2023    |
|          | Plae Co.                                 |  |                           |  | Senior Secured |  | 2.7%              |  |                         |  | 667,500   |  | 33,375    |  | 33,375         |  | *                   |
|          | Plant Prefab, Inc.                       |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 306,696   |  | 300,902   |  | 300,902        |  | 8/1/2022    |
|          | Platform Science, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 94,426    |  | 93,729    |  | 93,729         |  | 2/1/2022    |
|          | Plethora, Inc.                           |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 1,751,267 |  | 1,700,363 |  | 390,219        |  | *                   |
|          | Romaine Empire, Inc.                     |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 3,896,929 |  | 3,781,983 |  | 3,781,983      |  | 9/1/2023    |
|          | Saltbox, Inc.                            |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 269,697   |  | 263,567   |  | 263,567        |  | 6/1/2023    |
|          | SMS OPCO LLC                             |  |                           |  | Senior Secured |  | 8.0%              |  |                         |  | 33,875    |  | 15,125    |  | 15,125         |  | *                   |
|          | Sustainable Living Partners, LLC         |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,971,313 |  | 2,758,178 |  | 2,758,178      |  | 8/1/2023    |
|          | UniEnergy Technologies LLC               |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 1,120,954 |  | 1,078,852 |  | 799,443        |  | *                   |
|          | Veev Group, Inc.                         |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,360,822 |  | 2,337,325 |  | 2,337,325      |  | 6/1/2023    |
|          | Veev Group, Inc.                         |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 786,775   |  | 740,586   |  | 740,586        |  | 6/1/2023    |
|          | Veev Group, Inc. Subtotal                |  |                           |  |                |  |                   |  |                         |  | 3,147,597 |  | 3,077,911 |  | 3,077,911      |  |                     |

----

|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |  |   |                  |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|--------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|-----------|------------------|-----------|--|----------------|------------------|---------------------|--|---|------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry               | Borrower                       |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal |                  | Cost      |  | Fair Value (d) |                  | Final Maturity Date |
|                        | Velo Holdings Limited          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,471,720 |                  | 1,955,642 |  | 1,539,333      |                  | *                   |
|                        | Welcome Tech, Inc.             |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 153,082   |                  | 150,226   |  | 150,226        |                  | 5/1/2022    |
|                        | Wheels Labs, Inc.              |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,221,660 |                  | 2,134,921 |  | 2,134,921      |                  | 6/1/2023    |
|                        | Wine Plum, Inc.                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 329,558   |                  | 324,821   |  | 324,821        |                  | 9/1/2022    |
| Other Technology Total |                                |  | 64.5%                     |  |                |  |                   |  |                         |  | $         | 49,446,088  |           |  | $              | 46,266,862  |                     |  | $ | 42,172,467  |  |  |                  |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
| Security               |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
|                        | Karamba Security Ltd. ** ^ |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | $         | 332,971     |           |  | $              | 326,395     |                     |  | $ | 326,395     |  |  | 6/1/2022 |
|                        | Nok Nok Labs, Inc.             |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 191,326   |                  | 190,411   |  | 190,411        |                  | 6/1/2022    |
| Security Total         |                                |  | 0.8%                      |  |                |  |                   |  |                         |  | $         | 524,297     |           |  | $              | 516,806     |                     |  | $ | 516,806     |  |  |                  |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
| Software               |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
|                        | Blockdaemon, Inc.              |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | $         | 55,201      |           |  | $              | 54,707      |                     |  | $ | 54,707      |  |  | 6/1/2022 |
|                        | Bloomboard, Inc.               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 2,148,082 |                  | 542,980   |  | 1,002,400      |                  | *                   |
|                        | Censia Inc.                    |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 360,514   |                  | 353,690   |  | 353,690        |                  | 10/1/2022   |
|                        | Cloudleaf, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 741,575   |                  | 732,365   |  | 732,365        |                  | 9/1/2024    |
|                        | Cloudleaf, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 956,267   |                  | 919,269   |  | 919,269        |                  | 8/1/2023    |
|                        | Cloudleaf, Inc. Subtotal       |  |                           |  |                |  |                   |  |                         |  | 1,697,842 |                  | 1,651,634 |  | 1,651,634      |                  |                     |
|                        | Dynamics, Inc.                 |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 293,593   |                  | 291,440   |  | 291,440        |                  | 2/1/2022    |
|                        | Eskalera, Inc.                 |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 527,451   |                  | 518,933   |  | 518,933        |                  | 3/1/2023    |
|                        | Estify, Inc.                   |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 842,819   |                  | 640,403   |  | 24,317         |                  | *                   |
|                        | ICX Media, Inc.                |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 762,829   |                  | 651,140   |  | 449,542        |                  | *                   |
|                        | Ipolipo, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 568,765   |                  | 544,693   |  | 544,693        |                  | 9/1/2022    |
|                        | Medable, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 498,356   |                  | 494,657   |  | 494,657        |                  | 2/1/2023    |
|                        | Medable, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 996,585   |                  | 967,179   |  | 967,179        |                  | 2/1/2023    |
|                        | Medable, Inc. Subtotal         |  |                           |  |                |  |                   |  |                         |  | 1,494,941 |                  | 1,461,836 |  | 1,461,836      |                  |                     |
|                        | Metarail, Inc.                 |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 709,588   |                  | 700,656   |  | 196,719        |                  | *                   |
|                        | Metawave Corporation           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 237,768   |                  | 235,670   |  | 235,670        |                  | 7/1/2022    |
|                        | Migo Money, Inc. ** ^      |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 56,631    |                  | 56,631    |  | 56,631         |                  | 3/1/2022    |
|                        | Safe Securities Inc.           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 249,200   |                  | 240,930   |  | 240,930        |                  | 2/1/2023    |
|                        | Splitwise, Inc.                |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 216,004   |                  | 212,084   |  | 212,084        |                  | 12/1/2022   |
|                        | Swivel, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 67,603    |                  | 66,233    |  | 66,233         |                  | 8/1/2022    |
|                        | Swivel, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 83,680    |                  | 83,680    |  | 83,680         |                  | 10/1/2022   |
|                        | Swivel, Inc. Subtotal          |  |                           |  |                |  |                   |  |                         |  | 151,283   |                  | 149,913   |  | 149,913        |                  |                     |
|                        | Truthset, Inc.                 |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 222,283   |                  | 222,283   |  | 222,283        |                  | 5/1/2023    |
|                        | Truthset, Inc.                 |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 185,411   |                  | 179,361   |  | 179,361        |                  | 2/1/2023    |
|                        | Truthset, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 407,694   |                  | 401,644   |  | 401,644        |                  |                     |
|                        | Workspot, Inc.                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 272,328   |                  | 270,000   |  | 270,000        |                  | 10/1/2022   |
|                        | Workspot, Inc.                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 220,008   |                  | 215,206   |  | 215,206        |                  | 8/1/2022    |
|                        | Workspot, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 492,336   |                  | 485,206   |  | 485,206        |                  |                     |
| Software Total         |                                |  | 12.8%                     |  |                |  |                   |  |                         |  | $         | 11,272,541  |           |  | $              | 9,194,190   |                     |  | $ | 8,331,989   |  |  |                  |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |           |                  |           |  |                |                  |                     |

----

|                           |                                         |  |                           |  |                |  |                   |  |                         |         |           |                   |           |         |                |                   |                     |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|-----------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|---------|-----------|-------------------|-----------|---------|----------------|-------------------|---------------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                  | Borrower                                |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |         | Principal |                   | Cost      |         | Fair Value (d) |                   | Final Maturity Date |
| Technology Services       |                                         |  |                           |  |                |  |                   |  |                         |         |           |                   |           |         |                |                   |                     |
|                           | Blazent, Inc.                           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |         | $         | 1,135,737    |           |         | $              | 421,827      |                     |  | $ | 237,106      |  |  | *                |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |         | 91,083    |                   | 84,354    |         | 84,354         |                   | 10/1/2022   |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 14.2%             |  | 4.0%                    |         | 171,136   |                   | 165,351   |         | 165,351        |                   | 7/1/2023    |
|                           | Klar Holdings Limited ** ^ Subtotal |  |                           |  |                |  |                   |  |                         | 262,219 |           | 249,705           |           | 249,705 |                |                   |
|                           | Liftit, Inc. ** ^                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |         | 181,508   |                   | 180,377   |         | 180,377        |                   | 10/1/2022   |
|                           | Liftit, Inc. ** ^                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |         | 146,623   |                   | 143,541   |         | 143,541        |                   | 8/1/2022    |
|                           | Liftit, Inc. ** ^ Subtotal          |  |                           |  |                |  |                   |  |                         |         | 328,131   |                   | 323,918   |         | 323,918        |                   |                     |
|                           | Loansnap Holdings Inc. **               |  |                           |  | Senior Secured |  | 11.0%             |  |                         |         | 1,179,442 |                   | 1,145,802 |         | 1,145,802      |                   | 12/1/2022   |
|                           | Zeel Networks, Inc.                     |  |                           |  | Senior Secured |  | 11.0%             |  |                         |         | 2,475,549 |                   | 2,408,076 |         | 2,367,763      |                   | 6/1/2024    |
| Technology Services Total |                                         |  | 6.6%                      |  |                |  |                   |  |                         |         | $         | 5,381,078    |           |         | $              | 4,549,328    |                     |  | $ | 4,324,294    |  |  |                  |
|                           |                                         |  |                           |  |                |  |                   |  |                         |         |           |                   |           |         |                |                   |                     |
| Wireless                  |                                         |  |                           |  |                |  |                   |  |                         |         |           |                   |           |         |                |                   |                     |
|                           | AirVine Scientific, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |         | $         | 41,050       |           |         | $              | 40,220       |                     |  | $ | 40,220       |  |  | 9/1/2022 |
|                           | AirVine Scientific, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |         | 41,078    |                   | 40,718    |         | 40,718         |                   | 9/1/2022    |
|                           | AirVine Scientific, Inc. Subtotal       |  |                           |  |                |  |                   |  |                         |         | 82,128    |                   | 80,938    |         | 80,938         |                   |                     |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |         | 2,245,500 |                   | 2,223,695 |         | 2,223,695      |                   | 8/1/2023    |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |         | 2,346,787 |                   | 2,322,840 |         | 2,322,840      |                   | 9/1/2023    |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |         | 4,080,176 |                   | 3,975,828 |         | 3,975,828      |                   | 6/1/2023    |
|                           | Parallel Wireless, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |         | 8,672,463 |                   | 8,522,363 |         | 8,522,363      |                   |                     |
| Wireless Total            |                                         |  | 13.2%                     |  |                |  |                   |  |                         |         | $         | 8,754,591    |           |         | $              | 8,603,301    |                     |  | $ | 8,603,301    |  |  |                  |
|                           | Grand Total                             |  | 165.9%                    |  |                |  |                   |  |                         |         | $         | 142,866,830  |           |         | $              | 131,576,413  |                     |  | $ | 108,465,616  |  |  |                  |

----

|                               |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|--------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|--|-------------|--|-------------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                      | Borrower                             |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal   |  | Cost        |  | Fair Value (d) |  | Final Maturity Date |
|                               |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |
| Biotechnology                 |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |
|                               | Antheia, Inc.                        |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | $ 1,220,291 |  | $ 1,206,345 |  | $ 1,206,345    |  | 12/1/2022   |
|                               | Antheia, Inc.                        |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 1,219,076   |  | 1,181,003   |  | 1,181,003      |  | 12/1/2022   |
|                               | Antheia, Inc. Subtotal               |  |                           |  |                |  |                        |  |                              |  | 2,439,367   |  | 2,387,348   |  | 2,387,348      |  |                     |
|                               | Driver Bioengineering, Inc.          |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 349,663     |  | 311,553     |  | 311,553        |  | 4/1/2023    |
|                               | Driver Bioengineering, Inc.          |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 866,600     |  | 849,310     |  | 849,310        |  | 6/1/2023    |
|                               | Driver Bioengineering, Inc. Subtotal |  |                           |  |                |  |                        |  |                              |  | 1,216,263   |  | 1,160,863   |  | 1,160,863      |  |                     |
|                               | Orpheus Therapeutics, Inc.           |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 178,510     |  | 174,288     |  | -              |  | *                   |
|                               | Quartzy, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,113,593   |  | 1,083,782   |  | 1,083,782      |  | 7/1/2024    |
|                               | Quartzy, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,113,211   |  | 1,085,490   |  | 1,085,490      |  | 5/1/2024    |
|                               | Quartzy, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 722,540     |  | 648,418     |  | 648,418        |  | 8/1/2023    |
|                               | Quartzy, Inc. Subtotal               |  |                           |  |                |  |                        |  |                              |  | 2,949,344   |  | 2,817,690   |  | 2,817,690      |  |                     |
| Biotechnology Total           |                                      |  | 4.0%                      |  |                |  |                        |  |                              |  | $ 6,783,484 |  | $ 6,540,189 |  | $ 6,365,901    |  |                     |
|                               |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |
| Computers & Storage       |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 12.8%                  |  |                              |  | $ 2,256,808 |  | $ 2,199,490 |  | $ 2,199,490    |  | 3/1/2023    |
|                               | Fetch Robotics, Inc.                 |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 7,418,932   |  | 7,104,656   |  | 7,104,656      |  | 6/1/2024    |
| Computers & Storage Total |                                      |  | 5.8%                      |  |                |  |                        |  |                              |  | $ 9,675,740 |  | $ 9,304,146 |  | $ 9,304,146    |  |                     |
|                               |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |
| Internet                      |                                      |  |                           |  |                |  |                        |  |                              |  |             |  |             |  |                |  |                     |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | $ 247,340   |  | $ 217,309   |  | $ 217,309      |  | 9/1/2023    |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 173,207     |  | 173,207     |  | 173,207        |  | 8/1/2022    |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 519,587     |  | 490,896     |  | 490,896        |  | 8/1/2022    |
|                               | Ainsly, Inc. ** ^ Subtotal       |  |                           |  |                |  |                        |  |                              |  | 940,134     |  | 881,412     |  | 881,412        |  |                     |
|                               | Amino Payments, Inc.                 |  |                           |  | Senior Secured |  | 10.8%                  |  |                              |  | 830,084     |  | 794,625     |  | 669,630        |  | *                   |
|                               | Bombfell, Inc.                       |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 597,384     |  | 297,205     |  | 3,748          |  | *                   |
|                               | Cesium, Inc.                         |  |                           |  | Senior Secured |  | 10.3%                  |  |                              |  | 105,348     |  | 103,881     |  | 103,881        |  | 1/1/2023    |
|                               | Cesium, Inc.                         |  |                           |  | Senior Secured |  | 10.3%                  |  |                              |  | 210,624     |  | 200,481     |  | 200,481        |  | 1/1/2023    |
|                               | Cesium, Inc. Subtotal                |  |                           |  |                |  |                        |  |                              |  | 315,972     |  | 304,362     |  | 304,362        |  |                     |
|                               | Clearsurance, Inc.                   |  |                           |  | Senior Secured |  | 10.3%                  |  |                              |  | 745,288     |  | 731,486     |  | 731,486        |  | 9/1/2021    |
|                               | Daily Muse, Inc.                     |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 3,699,267   |  | 3,668,202   |  | 3,668,202      |  | 1/1/2022    |
|                               | FLYR, Inc.                           |  |                           |  | Senior Secured |  | 11.7%                  |  |                              |  | 2,054,116   |  | 1,979,219   |  | 1,278,551      |  | 1/1/2022    |
|                               | iZENEtech, Inc. ** ^             |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 1,081,192   |  | 1,076,408   |  | 1,076,408      |  | 6/1/2021    |
|                               | iZENEtech, Inc. ** ^             |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 184,334     |  | 183,583     |  | 183,583        |  | 1/1/2021    |
|                               | iZENEtech, Inc. ** ^ Subtotal    |  |                           |  |                |  |                        |  |                              |  | 1,265,526   |  | 1,259,991   |  | 1,259,991      |  |                     |
|                               | Lenddo International ** ^        |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 795,048     |  | 544,703     |  | 19,966         |  | *                   |
|                               | Lukla, Inc.                          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 247,208     |  | 237,422     |  | 237,422        |  | 6/1/2023    |
|                               | Lukla, Inc.                          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 407,447     |  | 363,868     |  | 363,868        |  | 12/1/2022   |
|                               | Lukla, Inc. Subtotal                 |  |                           |  |                |  |                        |  |                              |  | 654,655     |  | 601,290     |  | 601,290        |  |                     |

----

|                 |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------|---------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|--|--------------|--|--------------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry        | Borrower                              |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal    |  | Cost         |  | Fair Value (d) |  | Final Maturity Date |
|                 | Masse, Inc.                           |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 304,001      |  | 144,008      |  | 10,000         |  | *                   |
|                 | Merchbar, Inc.                        |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 451,293      |  | 430,995      |  | 430,995        |  | 3/1/2023    |
|                 | MyPizza Technologies, Inc.            |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 4,943,040    |  | 4,784,040    |  | 4,784,040      |  | 12/1/2023   |
|                 | MyPizza Technologies, Inc.            |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 2,471,842    |  | 2,436,444    |  | 2,436,444      |  | 2/1/2024    |
|                 | MyPizza Technologies, Inc. Subtotal   |  |                           |  |                |  |                        |  |                              |  | 7,414,882    |  | 7,220,484    |  | 7,220,484      |  |                     |
|                 | Nimble Rx, Inc.                       |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,236,949    |  | 1,188,381    |  | 1,188,381      |  | 11/1/2023   |
|                 | Nimble Rx, Inc.                       |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,091,906    |  | 999,055      |  | 999,055        |  | 2/1/2023    |
|                 | Nimble Rx, Inc. Subtotal              |  |                           |  |                |  |                        |  |                              |  | 2,328,855    |  | 2,187,436    |  | 2,187,436      |  |                     |
|                 | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 301,162      |  | 295,353      |  | 295,353        |  | 3/1/2023    |
|                 | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 301,150      |  | 296,454      |  | 296,454        |  | 3/1/2023    |
|                 | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 301,078      |  | 281,207      |  | 281,207        |  | 3/1/2023    |
|                 | OneLocal, Inc. ** ^ Subtotal      |  |                           |  |                |  |                        |  |                              |  | 903,390      |  | 873,014      |  | 873,014        |  |                     |
|                 | Osix Corporation                      |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 43,214       |  | 40,351       |  | 40,351         |  | 12/1/2021   |
|                 | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 247,292      |  | 231,778      |  | 231,778        |  | 6/1/2023    |
|                 | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 247,427      |  | 242,330      |  | 242,330        |  | 6/1/2023    |
|                 | RenoFi, Inc. Subtotal                 |  |                           |  |                |  |                        |  |                              |  | 494,719      |  | 474,108      |  | 474,108        |  |                     |
|                 | Residently USA, LLC ** ^          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 873,899      |  | 789,139      |  | 789,139        |  | 2/1/2023    |
|                 | Residently USA, LLC ** ^          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 371,000      |  | 371,000      |  | 371,000        |  | 12/1/2023   |
|                 | Residently USA, LLC ** ^ Subtotal |  |                           |  |                |  |                        |  |                              |  | 1,244,899    |  | 1,160,139    |  | 1,160,139      |  |                     |
|                 | Serface Care, Inc.                    |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 961,139      |  | 566,912      |  | 21,201         |  | *                   |
|                 | Shadow, PBC                           |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 470,556      |  | 441,930      |  | 441,930        |  | 10/1/2022   |
|                 | SpotOn Computing, Inc.                |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 1,893,528    |  | 1,853,788    |  | 792,634        |  | *                   |
|                 | Stay Alfred, Inc.                     |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 10,932,368   |  | 8,846,733    |  | 1,262,774      |  | *                   |
|                 | Verishop, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 2,472,054    |  | 2,437,550    |  | 2,437,550      |  | 12/1/2023   |
|                 | Verishop, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 2,471,119    |  | 2,366,934    |  | 2,366,934      |  | 12/1/2023   |
|                 | Verishop, Inc. Subtotal               |  |                           |  |                |  |                        |  |                              |  | 4,943,173    |  | 4,804,484    |  | 4,804,484      |  |                     |
| Internet Total  |                                       |  | 18.3%                     |  |                |  |                        |  |                              |  | $ 44,283,491 |  | $ 40,106,877 |  | $ 29,138,188   |  |                     |
|                 |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
| Medical Devices |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                 | Ablacon, Inc.                         |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | $ 2,256,537  |  | $ 2,168,757  |  | $ 2,168,757    |  | 3/1/2023    |
|                 | Ablacon, Inc.                         |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 2,257,368    |  | 2,224,508    |  | 2,224,508      |  | 3/1/2023    |
|                 | Ablacon, Inc. Subtotal                |  |                           |  |                |  |                        |  |                              |  | 4,513,905    |  | 4,393,265    |  | 4,393,265      |  |                     |
|                 | Anutra Medical, Inc.                  |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 188,448      |  | 182,138      |  | 182,138        |  | 10/1/2022   |
|                 | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 494,475      |  | 470,113      |  | 470,113        |  | 10/1/2023   |
|                 | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 304,420      |  | 301,225      |  | 301,225        |  | 7/1/2022    |
|                 | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 362,240      |  | 358,640      |  | 358,640        |  | 6/1/2022    |
|                 | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 306,253      |  | 296,276      |  | 296,276        |  | 3/1/2022    |
|                 | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 494,687      |  | 485,502      |  | 485,502        |  | 11/1/2023   |
|                 | CytoVale, Inc. Subtotal               |  |                           |  |                |  |                        |  |                              |  | 1,962,075    |  | 1,911,756    |  | 1,911,756      |  |                     |
|                 | eXo Imaging, Inc.                     |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 1,978,816    |  | 1,837,427    |  | 1,837,427      |  | 9/1/2023    |
|                 | eXo Imaging, Inc.                     |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 1,974,541    |  | 1,930,965    |  | 1,930,965      |  | 9/1/2023    |
|                 | eXo Imaging, Inc. Subtotal            |  |                           |  |                |  |                        |  |                              |  | 3,953,357    |  | 3,768,392    |  | 3,768,392      |  |                     |
|                 | Medrobotics Corporation, Inc.         |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 10,000,000   |  | 8,793,564    |  | 3,275,462      |  | *                   |
|                 |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                 |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                 |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                 |                                       |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |

----

|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|------------------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|--|--------------|--|--------------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry               | Borrower                                       |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal    |  | Cost         |  | Fair Value (d) |  | Final Maturity Date |
|                        | RadiAction Ltd. ** ^                       |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 361,800      |  | 354,634      |  | 354,634        |  | 10/1/2021   |
|                        | RadiAction Ltd. ** ^                       |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 562,882      |  | 557,426      |  | 557,426        |  | 4/1/2022    |
|                        | RadiAction Ltd. ** ^ Subtotal              |  |                           |  |                |  |                        |  |                              |  | 924,682      |  | 912,060      |  | 912,060        |  |                     |
|                        | Renovia, Inc.                                  |  |                           |  | Senior Secured |  | 10.5%                  |  |                              |  | 7,869,790    |  | 7,157,643    |  | 7,157,643      |  | 1/1/2023    |
| Medical Devices Total  |                                                |  | 13.5%                     |  |                |  |                        |  |                              |  | $ 29,412,257 |  | $ 27,118,818 |  | $ 21,600,716   |  |                     |
|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
| Other Healthcare       |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                        | Caredox, Inc.                                  |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | $ 775,417    |  | $ 762,534    |  | $ 762,534      |  | 7/1/2022    |
|                        | Clover Health Investments Corporation          |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 9,033,546    |  | 8,792,010    |  | 8,792,010      |  | 3/1/2022    |
|                        | Clover Health Investments Corporation          |  |                           |  | Senior Secured |  | 11.3%                  |  |                              |  | 6,428,843    |  | 6,428,843    |  | 6,428,843      |  | 10/1/2022   |
|                        | Clover Health Investments Corporation Subtotal |  |                           |  |                |  |                        |  |                              |  | 15,462,389   |  | 15,220,853   |  | 15,220,853     |  |                     |
|                        | Emerald Cloud Lab, Inc.                        |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 1,052,899    |  | 1,011,549    |  | 1,011,549      |  | 12/1/2021   |
|                        | GoForward, Inc.                                |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 3,094,971    |  | 3,004,838    |  | 3,004,838      |  | 6/1/2024    |
|                        | GoForward, Inc.                                |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 6,181,238    |  | 5,735,573    |  | 5,735,573      |  | 9/1/2023    |
|                        | GoForward, Inc. Subtotal                       |  |                           |  |                |  |                        |  |                              |  | 9,276,209    |  | 8,740,411    |  | 8,740,411      |  |                     |
|                        | Grin, Inc.                                     |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 494,743      |  | 484,898      |  | 484,898        |  | 1/1/2024    |
|                        | Grin, Inc.                                     |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 989,140      |  | 944,177      |  | 944,177        |  | 10/1/2023   |
|                        | Grin, Inc. Subtotal                            |  |                           |  |                |  |                        |  |                              |  | 1,483,883    |  | 1,429,075    |  | 1,429,075      |  |                     |
|                        | Hello Heart Inc.                               |  |                           |  | Senior Secured |  | 10.8%                  |  |                              |  | 255,287      |  | 251,669      |  | 251,669        |  | 7/1/2021    |
|                        | Hello Heart Inc.                               |  |                           |  | Senior Secured |  | 10.8%                  |  |                              |  | 540,088      |  | 536,623      |  | 536,623        |  | 10/1/2021   |
|                        | Hello Heart Inc.                               |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 932,214      |  | 919,531      |  | 919,531        |  | 4/1/2023    |
|                        | Hello Heart Inc.                               |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 742,816      |  | 730,145      |  | 730,145        |  | 11/1/2023   |
|                        | Hello Heart Inc.                               |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 1,164,939    |  | 1,115,829    |  | 1,115,829      |  | 4/1/2023    |
|                        | Hello Heart Inc. Subtotal                      |  |                           |  |                |  |                        |  |                              |  | 3,635,344    |  | 3,553,797    |  | 3,553,797      |  |                     |
|                        | HumanAPI, Inc.                                 |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 1,129,747    |  | 1,086,210    |  | 1,086,210      |  | 10/1/2022   |
|                        | HumanAPI, Inc.                                 |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 421,960      |  | 416,785      |  | 416,785        |  | 1/1/2023    |
|                        | HumanAPI, Inc. Subtotal                        |  |                           |  |                |  |                        |  |                              |  | 1,551,707    |  | 1,502,995    |  | 1,502,995      |  |                     |
|                        | mPharma Data, Inc. ** ^                    |  |                           |  | Senior Secured |  | 10.0%                  |  |                              |  | 38,140       |  | 38,071       |  | 38,071         |  | 3/1/2021    |
|                        | mPharma Data, Inc. ** ^                    |  |                           |  | Senior Secured |  | 10.0%                  |  |                              |  | 1,082,690    |  | 1,071,090    |  | 1,071,090      |  | 11/1/2021   |
|                        | mPharma Data, Inc. ** ^ Subtotal           |  |                           |  |                |  |                        |  |                              |  | 1,120,830    |  | 1,109,161    |  | 1,109,161      |  |                     |
|                        | Myolex, Inc.                                   |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 762,531      |  | 726,537      |  | 211,873        |  | *                   |
|                        | Naked Biome, Inc.                              |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 523,049      |  | 419,422      |  | -              |  | *                   |
|                        | Robin Care, Inc.                               |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 438,538      |  | 414,825      |  | 414,825        |  | 12/1/2021   |
|                        | Sparta Software Corporation                    |  |                           |  | Senior Secured |  | 11.5%                  |  | 2.2%                         |  | 304,794      |  | 297,802      |  | 297,802        |  | 5/1/2022    |
|                        | Therapydia, Inc.                               |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 216,666      |  | 213,232      |  | 213,232        |  | 1/1/2023    |
|                        | Therapydia, Inc.                               |  |                           |  | Senior Secured |  | 12.5%                  |  | 1.7%                         |  | 106,892      |  | 106,892      |  | 106,892        |  | 6/1/2023    |
|                        | Therapydia, Inc.                               |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 177,330      |  | 169,271      |  | 169,271        |  | 8/1/2022    |
|                        | Therapydia, Inc.                               |  |                           |  | Senior Secured |  | 12.0%                  |  | 1.7%                         |  | 97,822       |  | 92,394       |  | 92,394         |  | 3/1/2023    |
|                        | Therapydia, Inc.                               |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 208,955      |  | 205,760      |  | 205,760        |  | 12/1/2022   |
|                        | Therapydia, Inc. Subtotal                      |  |                           |  |                |  |                        |  |                              |  | 807,665      |  | 787,549      |  | 787,549        |  |                     |
| Other Healthcare Total |                                                |  | 21.9%                     |  |                |  |                        |  |                              |  | $ 37,195,255 |  | $ 35,976,510 |  | $ 35,042,424   |  |                     |
|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |
|                        |                                                |  |                           |  |                |  |                        |  |                              |  |              |  |              |  |                |  |                     |

----

|                  |                                        |  |                           |  |                |  |                        |  |                              |         |           |         |           |         |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------|----------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|---------|-----------|---------|-----------|---------|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry         | Borrower                               |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |         | Principal |         | Cost      |         | Fair Value (d) |  | Final Maturity Date |
| Other Technology |                                        |  |                           |  |                |  |                        |  |                              |         |           |         |           |         |                |  |                     |
|                  | Abiquo Group, Inc. ** ^            |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |         | $ 128,914 |         | $ 126,753 |         | $ 126,753      |  | 7/1/2021    |
|                  | Aclima, Inc.                           |  |                           |  | Senior Secured |  | 11.9%                  |  |                              |         | 1,089,754 |         | 1,004,090 |         | 1,004,090      |  | 4/1/2022    |
|                  | Aclima, Inc.                           |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |         | 1,979,808 |         | 1,731,899 |         | 1,731,899      |  | 10/1/2023   |
|                  | Aclima, Inc. Subtotal                  |  |                           |  |                |  |                        |  |                              |         | 3,069,562 |         | 2,735,989 |         | 2,735,989      |  |                     |
|                  | Antitoxin Technologies Inc. ** ^   |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |         | 361,110   |         | 344,164   |         | 344,164        |  | 9/1/2022    |
|                  | Apollo Flight Research Inc.            |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |         | 210,893   |         | 207,995   |         | 207,995        |  | 1/1/2023    |
|                  | Apollo Flight Research Inc.            |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |         | 313,128   |         | 304,774   |         | 304,774        |  | 6/1/2022    |
|                  | Apollo Flight Research Inc. Subtotal   |  |                           |  |                |  |                        |  |                              | 524,021 |           | 512,769 |           | 512,769 |                |  |
|                  | ATeam Army, Inc.                       |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |         | 1,165,134 |         | 1,109,842 |         | 1,109,842      |  | 4/1/2023    |
|                  | Beanfields, PBC                        |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 789,585   |         | 759,532   |         | 759,532        |  | 3/1/2023    |
|                  | Beanfields, PBC                        |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 564,609   |         | 553,012   |         | 553,012        |  | 3/1/2023    |
|                  | Beanfields, PBC Subtotal               |  |                           |  |                |  |                        |  |                              |         | 1,354,194 |         | 1,312,544 |         | 1,312,544      |  |                     |
|                  | Benson Hill Bio, Inc.                  |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 9,883,793 |         | 9,205,314 |         | 9,205,314      |  | 5/1/2024    |
|                  | Brightside Benefit, Inc.               |  |                           |  | Senior Secured |  | 12.1%                  |  |                              |         | 464,870   |         | 446,579   |         | 446,579        |  | 9/1/2022    |
|                  | Brightside Benefit, Inc.               |  |                           |  | Senior Secured |  | 12.4%                  |  |                              |         | 774,623   |         | 764,814   |         | 764,814        |  | 3/1/2023    |
|                  | Brightside Benefit, Inc. Subtotal      |  |                           |  |                |  |                        |  |                              |         | 1,239,493 |         | 1,211,393 |         | 1,211,393      |  |                     |
|                  | BW Industries, Inc.                    |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |         | 1,770,873 |         | 1,642,182 |         | 1,642,182      |  | 5/1/2023    |
|                  | BW Industries, Inc.                    |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |         | 1,823,172 |         | 1,792,512 |         | 1,792,512      |  | 6/1/2023    |
|                  | BW Industries, Inc. Subtotal           |  |                           |  |                |  |                        |  |                              |         | 3,594,045 |         | 3,434,694 |         | 3,434,694      |  |                     |
|                  | Consumer Physics, Inc. ** ^        |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |         | 538,240   |         | 527,610   |         | 490,311        |  | 12/1/2021   |
|                  | DOSH Holdings, Inc.                    |  |                           |  | Senior Secured |  | 0.0%                   |  |                              |         | 700,000   |         | 514,745   |         | 514,745        |  | *                   |
|                  | Eguana Technologies, Inc. ** ^     |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 924,922   |         | 892,458   |         | 892,458        |  | 2/1/2022    |
|                  | Finiks, Inc.                           |  |                           |  | Senior Secured |  | 2.7%                   |  |                              |         | 667,500   |         | 27,115    |         | 44,731         |  | *                   |
|                  | Fitplan, Inc. ** ^                 |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 1,226,870 |         | 1,086,325 |         | 1,058,116      |  | *                   |
|                  | Flo Water, Inc.                        |  |                           |  | Senior Secured |  | 11.4%                  |  |                              |         | 170,441   |         | 168,913   |         | 168,913        |  | 5/1/2021    |
|                  | Flo Water, Inc.                        |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |         | 1,978,592 |         | 1,884,544 |         | 1,884,544      |  | 12/1/2023   |
|                  | Flo Water, Inc. Subtotal               |  |                           |  |                |  |                        |  |                              |         | 2,149,033 |         | 2,053,457 |         | 2,053,457      |  |                     |
|                  | Gap Year Global, Inc.                  |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |         | 90,768    |         | 86,359    |         | -              |  | *                   |
|                  | Heartwork, Inc.                        |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |         | 379,462   |         | 371,981   |         | 27,353         |  | *                   |
|                  | Higher Ground Education, Inc.          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 481,455   |         | 473,834   |         | 473,834        |  | 8/1/2023    |
|                  | Higher Ground Education, Inc.          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 442,838   |         | 436,301   |         | 436,301        |  | 5/1/2023    |
|                  | Higher Ground Education, Inc.          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 1,289,010 |         | 1,270,861 |         | 1,270,861      |  | 4/1/2023    |
|                  | Higher Ground Education, Inc.          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |         | 1,946,804 |         | 1,865,641 |         | 1,865,641      |  | 1/1/2023    |
|                  | Higher Ground Education, Inc. Subtotal |  |                           |  |                |  |                        |  |                              |         | 4,160,107 |         | 4,046,637 |         | 4,046,637      |  |                     |
|                  | Hint, Inc.                             |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |         | 278,952   |         | 276,573   |         | 276,573        |  | 3/1/2021    |
|                  | Hint, Inc.                             |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |         | 4,944,981 |         | 4,446,655 |         | 4,446,655      |  | 6/1/2023    |
|                  | Hint, Inc.                             |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |         | 727,671   |         | 706,141   |         | 706,141        |  | 8/1/2021    |
|                  | Hint, Inc.                             |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |         | 639,224   |         | 639,224   |         | 639,224        |  | 7/1/2021    |
|                  | Hint, Inc. Subtotal                    |  |                           |  |                |  |                        |  |                              |         | 6,590,828 |         | 6,068,593 |         | 6,068,593      |  |                     |
|                  | Jiko Group, Inc.                       |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |         | 3,463,686 |         | 3,318,065 |         | 3,318,065      |  | 6/1/2023    |
|                  | Kogniz, Inc.                           |  |                           |  | Senior Secured |  | 12.8%                  |  |                              |         | 220,052   |         | 203,327   |         | 203,327        |  | 3/1/2022    |
|                  |                                        |  |                           |  |                |  |                        |  |                              |         |           |         |           |         |                |  |                     |
|                  |                                        |  |                           |  |                |  |                        |  |                              |         |           |         |           |         |                |  |                     |

----

|          |                                                 |  |                           |  |                |  |                        |  |                              |  |           |  |           |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------|-------------------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|--|-----------|--|-----------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry | Borrower                                        |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal |  | Cost      |  | Fair Value (d) |  | Final Maturity Date |
|          | Lambda School, Inc.                             |  |                           |  | Senior Secured |  | 11.3%                  |  |                              |  | 2,474,403 |  | 2,474,403 |  | 2,474,403      |  | 8/1/2023    |
|          | Lambda School, Inc.                             |  |                           |  | Senior Secured |  | 11.3%                  |  |                              |  | 4,948,041 |  | 4,701,574 |  | 4,701,574      |  | 7/1/2023    |
|          | Lambda School, Inc. Subtotal                    |  |                           |  |                |  |                        |  |                              |  | 7,422,444 |  | 7,175,977 |  | 7,175,977      |  |                     |
|          | LanzaTech New Zealand Ltd.                      |  |                           |  | Senior Secured |  | 13.3%                  |  |                              |  | 285,170   |  | 284,714   |  | 284,714        |  | 3/1/2021    |
|          | Make School, Inc.                               |  |                           |  | Senior Secured |  | 11.3%                  |  |                              |  | 291,677   |  | 287,406   |  | 287,406        |  | 8/1/2021    |
|          | Neuehouse, LLC                                  |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,750,000 |  | 1,292,765 |  | 1,292,765      |  | *                   |
|          | Nevada Nanotech Systems, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 222,226   |  | 217,658   |  | 217,658        |  | 6/1/2021    |
|          | NewGlobe Schools, Inc. ** ^                 |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 2,769,725 |  | 2,695,080 |  | 2,695,080      |  | 8/1/2022    |
|          | NewGlobe Schools, Inc. ** ^                 |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 3,459,803 |  | 3,315,571 |  | 3,315,571      |  | 8/1/2023    |
|          | NewGlobe Schools, Inc. ** ^ Subtotal        |  |                           |  |                |  |                        |  |                              |  | 6,229,528 |  | 6,010,651 |  | 6,010,651      |  |                     |
|          | Northern Quinoa Production Corporation ** ^ |  |                           |  | Senior Secured |  | 10.7%                  |  |                              |  | 6,010,527 |  | 5,771,260 |  | 5,352,659      |  | 12/1/2022   |
|          | Noteleaf, Inc.                                  |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 2,277,124 |  | 2,161,761 |  | 1,028,982      |  | *                   |
|          | Opya, Inc.                                      |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,188,091 |  | 1,155,377 |  | 1,155,377      |  | 11/1/2023   |
|          | Ozy Media, Inc.                                 |  |                           |  | Senior Secured |  | 12.8%                  |  |                              |  | 2,470,510 |  | 2,383,782 |  | 2,383,782      |  | 6/1/2023    |
|          | PDQ Enterprises LLC **                          |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 240,964   |  | 240,531   |  | 240,531        |  | 2/1/2021    |
|          | Percepto, Inc.                                  |  |                           |  | Senior Secured |  | 12.2%                  |  |                              |  | 1,799,336 |  | 1,721,548 |  | 1,721,548      |  | 4/1/2023    |
|          | Pitzi, Ltd. ** ^                            |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 482,870   |  | 376,812   |  | 376,812        |  | 11/1/2023   |
|          | Pitzi, Ltd. ** ^                            |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,483,727 |  | 1,435,741 |  | 1,435,741      |  | 4/1/2024    |
|          | Pitzi, Ltd. ** ^ Subtotal                   |  |                           |  |                |  |                        |  |                              |  | 1,966,597 |  | 1,812,553 |  | 1,812,553      |  |                     |
|          | Plant Prefab, Inc.                              |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 1,045,516 |  | 999,473   |  | 999,473        |  | 8/1/2022    |
|          | Platform Science, Inc.                          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 623,171   |  | 601,043   |  | 601,043        |  | 2/1/2022    |
|          | Plenty Unlimited, Inc.                          |  |                           |  | Senior Secured |  | 9.0%                   |  | 11.7%                        |  | 159,868   |  | 159,505   |  | 159,505        |  | 1/1/2021    |
|          | Plenty Unlimited, Inc.                          |  |                           |  | Senior Secured |  | 9.0%                   |  | 9.4%                         |  | 217,703   |  | 217,280   |  | 217,280        |  | 3/1/2021    |
|          | Plenty Unlimited, Inc.                          |  |                           |  | Senior Secured |  | 9.0%                   |  | 11.7%                        |  | 1,103,738 |  | 1,089,466 |  | 1,089,466      |  | 9/1/2021    |
|          | Plenty Unlimited, Inc. Subtotal                 |  |                           |  |                |  |                        |  |                              |  | 1,481,309 |  | 1,466,251 |  | 1,466,251      |  |                     |
|          | Plethora, Inc.                                  |  |                           |  | Senior Secured |  | 11.2%                  |  |                              |  | 2,272,587 |  | 2,152,867 |  | 2,152,867      |  | 7/1/2022    |
|          | Romaine Empire, Inc.                            |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 5,454,020 |  | 5,227,539 |  | 5,227,539      |  | 7/1/2023    |
|          | Saltbox, Inc.                                   |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 423,968   |  | 408,719   |  | 408,719        |  | 6/1/2023    |
|          | SMS OPCO LLC                                    |  |                           |  | Senior Secured |  | 8.0%                   |  |                              |  | 36,875    |  | 18,125    |  | 18,125         |  | *                   |
|          | Strong Arm Technologies, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 209,338   |  | 207,281   |  | 207,281        |  | 5/1/2021    |
|          | Sustainable Living Partners, LLC                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 4,479,984 |  | 3,999,116 |  | 3,999,116      |  | 8/1/2023    |
|          | Terramera, Inc. ** ^                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 275,821   |  | 272,706   |  | 272,706        |  | 4/1/2021    |
|          | Terramera, Inc. ** ^                        |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 137,941   |  | 137,444   |  | 137,444        |  | 4/1/2021    |
|          | Terramera, Inc. ** ^ Subtotal               |  |                           |  |                |  |                        |  |                              |  | 413,762   |  | 410,150   |  | 410,150        |  |                     |
|          | Theatro Labs, Inc.                              |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 888,982   |  | 873,903   |  | 873,903        |  | 8/1/2022    |
|          | UniEnergy Technologies LLC                      |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 1,351,234 |  | 1,309,132 |  | 874,137        |  | *                   |
|          | Veev Group, Inc.                                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 1,235,419 |  | 1,122,426 |  | 1,122,426      |  | 6/1/2023    |
|          | Veev Group, Inc.                                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 3,707,038 |  | 3,648,365 |  | 3,648,365      |  | 6/1/2023    |
|          | Veev Group, Inc.                                |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 432,783   |  | 424,481   |  | 424,481        |  | 12/1/2021   |
|          | Veev Group, Inc. Subtotal                       |  |                           |  |                |  |                        |  |                              |  | 5,375,240 |  | 5,195,272 |  | 5,195,272      |  |                     |
|          | Velo Holdings Limited                           |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 2,471,720 |  | 2,252,248 |  | 1,985,209      |  | *                   |
|          |                                                 |  |                           |  |                |  |                        |  |                              |  |           |  |           |  |                |  |                     |
|          |                                                 |  |                           |  |                |  |                        |  |                              |  |           |  |           |  |                |  |                     |
|          |                                                 |  |                           |  |                |  |                        |  |                              |  |           |  |           |  |                |  |                     |

----

|                                      |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|---------------------------------|------|---------------------------|--|----------------|--|------------------------|--|------------------------------|-------------|---------------|-------------|--------------|-------------|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                             | Borrower                        |      | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |             | Principal     |             | Cost         |             | Fair Value (d) |  | Final Maturity Date |
|                                      | Virtuix Holdings, Inc.          |      |                           |  | Senior Secured |  | 12.3%                  |  |                              |             | 141,134       |             | 139,438      |             | 117,049        |  | 4/1/2022    |
|                                      | Welcome Tech, Inc.              |      |                           |  | Senior Secured |  | 10.5%                  |  |                              |             | 578,778       |             | 545,308      |             | 545,308        |  | 5/1/2022    |
|                                      | Wheels Labs, Inc.               |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 3,115,612     |             | 3,051,198    |             | 3,051,198      |  | 8/1/2022    |
|                                      | Wine Plum, Inc.                 |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 723,778       |             | 701,625      |             | 701,625        |  | 9/1/2022    |
| Other Technology Total               |                                 |      | 60.4%                     |  |                |  |                        |  |                              |             | $ 105,672,936 |             | $ 99,264,805 |             | $ 96,510,123   |  |                     |
|                                      |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
|                                      |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
| Security                             |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
|                                      | Axonius, Inc.                   |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | $ 164,208     |             | $ 161,820    |             | $ 161,820      |  | 9/1/2021    |
|                                      | Karamba Security Ltd. ** ^  |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | 942,140       |             | 893,736      |             | 893,736        |  | 6/1/2022    |
|                                      | Nok Nok Labs, Inc.              |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 540,071       |             | 533,246      |             | 533,246        |  | 6/1/2022    |
|                                      | Safetrust Holdings, Inc.        |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 249,930       |             | 186,010      |             | 186,010        |  | 8/1/2021    |
| Security Total                       |                                 |      | 1.1%                      |  |                |  |                        |  |                              |             | $ 1,896,349   |             | $ 1,774,812  |             | $ 1,774,812    |  |                     |
|                                      |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
| Semiconductors & Equipment       |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
|                                      | ETA Compute, Inc.               |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | $ 596,190     |             | $ 585,915    |             | $ 585,915      |  | 11/1/2021   |
|                                      | Innophase, Inc.                 |      |                           |  | Senior Secured |  | 11.8%                  |  |                              |             | 665,278       |             | 662,301      |             | 662,301        |  | 6/1/2021    |
|                                      | Innophase, Inc.                 |      |                           |  | Senior Secured |  | 11.8%                  |  |                              |             | 1,551,410     |             | 1,537,272    |             | 1,537,272      |  | 6/1/2021    |
|                                      | Innophase, Inc. Subtotal        |      |                           |  |                |  |                        |  |                              |             | 2,216,688     |             | 2,199,573    |             | 2,199,573      |  |                     |
| Semiconductors & Equipment Total |                                 | 1.8% |                           |  |                |  |                        |  |                              | $ 2,812,878 |               | $ 2,785,488 |              | $ 2,785,488 |                |  |
|                                      |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
| Software                             |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |
|                                      | Aptible, Inc.                   |      |                           |  | Senior Secured |  | 11.8%                  |  |                              |             | $ 17,356      |             | $ 17,308     |             | $ 17,308       |  | 2/1/2021    |
|                                      | ArborMetrix, Inc.               |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 741,595       |             | 721,872      |             | 721,872        |  | 9/1/2023    |
|                                      | ArborMetrix, Inc.               |      |                           |  | Senior Secured |  | 11.5%                  |  |                              |             | 577,973       |             | 577,973      |             | 577,973        |  | 6/1/2022    |
|                                      | ArborMetrix, Inc.               |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 1,482,031     |             | 1,424,994    |             | 1,424,994      |  | 9/1/2023    |
|                                      | ArborMetrix, Inc.               |      |                           |  | Senior Secured |  | 11.5%                  |  |                              |             | 2,022,100     |             | 1,976,670    |             | 1,976,670      |  | 6/1/2022    |
|                                      | ArborMetrix, Inc. Subtotal      |      |                           |  |                |  |                        |  |                              |             | 4,823,699     |             | 4,701,509    |             | 4,701,509      |  |                     |
|                                      | Blockdaemon, Inc.               |      |                           |  | Senior Secured |  | 11.3%                  |  |                              |             | 156,750       |             | 153,047      |             | 153,047        |  | 6/1/2022    |
|                                      | Blockdaemon, Inc.               |      |                           |  | Senior Secured |  | 11.3%                  |  |                              |             | 72,916        |             | 70,543       |             | 70,543         |  | 8/1/2021    |
|                                      | Blockdaemon, Inc. Subtotal      |      |                           |  |                |  |                        |  |                              |             | 229,666       |             | 223,590      |             | 223,590        |  |                     |
|                                      | Bloomboard, Inc.                |      |                           |  | Senior Secured |  | 11.5%                  |  |                              |             | 2,542,024     |             | 1,225,605    |             | 1,132,676      |  | *                   |
|                                      | Canary Technologies Corporation |      |                           |  | Senior Secured |  | 11.5%                  |  |                              |             | 247,338       |             | 234,633      |             | 234,633        |  | 6/1/2023    |
|                                      | Censia Inc.                     |      |                           |  | Senior Secured |  | 11.0%                  |  |                              |             | 751,876       |             | 723,062      |             | 723,062        |  | 10/1/2022   |
|                                      | Cloudleaf, Inc.                 |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | 1,445,065     |             | 1,360,260    |             | 1,360,260      |  | 8/1/2023    |
|                                      | Cloudleaf, Inc.                 |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | 739,000       |             | 724,597      |             | 724,597        |  | 9/1/2024    |
|                                      | Cloudleaf, Inc.                 |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | 302,692       |             | 297,928      |             | 297,928        |  | 9/1/2021    |
|                                      | Cloudleaf, Inc. Subtotal        |      |                           |  |                |  |                        |  |                              |             | 2,486,757     |             | 2,382,785    |             | 2,382,785      |  |                     |
|                                      | DealPath, Inc.                  |      |                           |  | Senior Secured |  | 11.0%                  |  |                              |             | 289,086       |             | 287,577      |             | 287,577        |  | 5/1/2021    |
|                                      | Dynamics, Inc.                  |      |                           |  | Senior Secured |  | 12.5%                  |  |                              |             | 2,208,811     |             | 2,106,703    |             | 2,106,703      |  | 8/1/2021    |
|                                      | Eskalera, Inc.                  |      |                           |  | Senior Secured |  | 10.5%                  |  |                              |             | 902,496       |             | 877,642      |             | 877,642        |  | 3/1/2023    |
|                                      | Estify, Inc.                    |      |                           |  | Senior Secured |  | 18.0%                  |  |                              |             | 842,819       |             | 737,672      |             | 154,458        |  | *                   |
|                                      | Fortress IQ, Inc.               |      |                           |  | Senior Secured |  | 11.3%                  |  |                              |             | 253,904       |             | 249,744      |             | 249,744        |  | 11/1/2021   |
|                                      | GoFormz, Inc.                   |      |                           |  | Senior Secured |  | 12.0%                  |  |                              |             | 232,837       |             | 229,478      |             | 229,478        |  | 6/1/2021    |
|                                      |                                 |      |                           |  |                |  |                        |  |                              |             |               |             |              |             |                |  |                     |

----

|          |                                    |  |                           |  |                |  |                        |  |                              |  |           |  |           |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------|------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|--|-----------|--|-----------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry | Borrower                           |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal |  | Cost      |  | Fair Value (d) |  | Final Maturity Date |
|          | ICX Media, Inc.                    |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 247,171   |  | 242,814   |  | 242,814        |  | 7/1/2023    |
|          | ICX Media, Inc.                    |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 240,098   |  | 236,153   |  | 236,153        |  | 5/1/2023    |
|          | ICX Media, Inc.                    |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 298,886   |  | 285,701   |  | 285,701        |  | 5/1/2022    |
|          | ICX Media, Inc. Subtotal           |  |                           |  |                |  |                        |  |                              |  | 786,155   |  | 764,668   |  | 764,668        |  |                     |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 240,887   |  | 239,594   |  | 239,594        |  | 4/1/2021    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 206,485   |  | 206,485   |  | 206,485        |  | 4/1/2021    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 989,150   |  | 806,149   |  | 806,149        |  | 3/1/2024    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 988,822   |  | 957,755   |  | 957,755        |  | 6/1/2023    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 902,702   |  | 892,679   |  | 892,679        |  | 3/1/2023    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 783,778   |  | 776,169   |  | 776,169        |  | 11/1/2022   |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 660,026   |  | 654,481   |  | 654,481        |  | 7/1/2022    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 531,244   |  | 498,925   |  | 498,925        |  | 3/1/2022    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 240,892   |  | 240,892   |  | 240,892        |  | 4/1/2021    |
|          | Invoice2Go, Inc.                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 989,486   |  | 944,616   |  | 944,616        |  | 6/1/2024    |
|          | Invoice2Go, Inc. Subtotal          |  |                           |  |                |  |                        |  |                              |  | 6,533,472 |  | 6,217,745 |  | 6,217,745      |  |                     |
|          | Ipolipo, Inc.                      |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 2,066,199 |  | 1,943,195 |  | 1,476,836      |  | 6/1/2022    |
|          | Lucideus, Inc.                     |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 436,842   |  | 411,722   |  | 411,722        |  | 2/1/2023    |
|          | Medable, Inc.                      |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,746,992 |  | 1,657,497 |  | 1,657,497      |  | 2/1/2023    |
|          | Medable, Inc.                      |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 873,608   |  | 862,217   |  | 862,217        |  | 2/1/2023    |
|          | Medable, Inc. Subtotal             |  |                           |  |                |  |                        |  |                              |  | 2,620,600 |  | 2,519,714 |  | 2,519,714      |  |                     |
|          | Metarail, Inc.                     |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 735,278   |  | 723,738   |  | 487,382        |  | 7/1/2023    |
|          | Metawave Corporation               |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 608,751   |  | 595,704   |  | 595,704        |  | 7/1/2022    |
|          | Migo Money, Inc. ** ^          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 266,341   |  | 266,341   |  | 266,341        |  | 3/1/2022    |
|          | Migo Money, Inc. ** ^          |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 324,019   |  | 313,653   |  | 313,653        |  | 12/1/2021   |
|          | Migo Money, Inc. ** ^ Subtotal |  |                           |  |                |  |                        |  |                              |  | 590,360   |  | 579,994   |  | 579,994        |  |                     |
|          | OrderGroove, Inc.                  |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 4,755,473 |  | 4,424,662 |  | 4,424,662      |  | 4/1/2024    |
|          | Owl Cameras, Inc.                  |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 605,050   |  | 310,170   |  | 308,414        |  | *                   |
|          | PlushCare, Inc.                    |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 595,693   |  | 579,013   |  | 579,013        |  | 5/1/2022    |
|          | PlushCare, Inc.                    |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 447,140   |  | 441,429   |  | 441,429        |  | 5/1/2022    |
|          | PlushCare, Inc. Subtotal           |  |                           |  |                |  |                        |  |                              |  | 1,042,833 |  | 1,020,442 |  | 1,020,442      |  |                     |
|          | Resilio, Inc.                      |  |                           |  | Senior Secured |  | 12.8%                  |  |                              |  | 46,851    |  | 46,851    |  | 46,851         |  | 5/1/2021    |
|          | Resilio, Inc.                      |  |                           |  | Senior Secured |  | 12.8%                  |  |                              |  | 28,407    |  | 27,431    |  | 27,431         |  | 3/1/2021    |
|          | Resilio, Inc. Subtotal             |  |                           |  |                |  |                        |  |                              |  | 75,258    |  | 74,282    |  | 74,282         |  |                     |
|          | Splitwise, Inc.                    |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 407,224   |  | 393,458   |  | 393,458        |  | 12/1/2022   |
|          | Swivel, Inc.                       |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 173,702   |  | 173,702   |  | 173,702        |  | 10/1/2022   |
|          | Swivel, Inc.                       |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 159,432   |  | 152,178   |  | 152,178        |  | 8/1/2022    |
|          | Swivel, Inc. Subtotal              |  |                           |  |                |  |                        |  |                              |  | 333,134   |  | 325,880   |  | 325,880        |  |                     |
|          | Trendalytics Innovation Labs, Inc. |  |                           |  | Senior Secured |  | 12.8%                  |  |                              |  | 189,070   |  | 177,064   |  | 156,140        |  | 6/1/2022    |
|          | Truthset, Inc.                     |  |                           |  | Senior Secured |  | 10.5%                  |  |                              |  | 327,294   |  | 308,736   |  | 308,736        |  | 2/1/2023    |
|          | Truthset, Inc.                     |  |                           |  | Senior Secured |  | 10.5%                  |  |                              |  | 360,505   |  | 360,505   |  | 360,505        |  | 5/1/2023    |
|          | Truthset, Inc. Subtotal            |  |                           |  |                |  |                        |  |                              |  | 687,799   |  | 669,241   |  | 669,241        |  |                     |
|          | VenueNext, Inc.                    |  |                           |  | Senior Secured |  | 0.0%                   |  |                              |  | 1,016,143 |  | 938,226   |  | 751,086        |  | *                   |
|          | Venuetize, Inc.                    |  |                           |  | Senior Secured |  | 12.3%                  |  |                              |  | 130,209   |  | 123,167   |  | 123,167        |  | 4/1/2022    |
|          |                                    |  |                           |  |                |  |                        |  |                              |  |           |  |           |  |                |  |                     |

----

|                           |                                         |  |                           |  |                |  |                        |  |                              |  |               |  |               |  |                |  |                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|-----------------------------------------|--|---------------------------|--|----------------|--|------------------------|--|------------------------------|--|---------------|--|---------------|--|----------------|--|---------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                  | Borrower                                |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal     |  | Cost          |  | Fair Value (d) |  | Final Maturity Date |
|                           | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 518,863       |  | 493,458       |  | 493,458        |  | 8/1/2022    |
|                           | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 246,296       |  | 239,558       |  | 239,558        |  | 9/1/2021    |
|                           | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 565,294       |  | 555,453       |  | 555,453        |  | 10/1/2022   |
|                           | Workspot, Inc. Subtotal                 |  |                           |  |                |  |                        |  |                              |  | 1,330,453     |  | 1,288,469     |  | 1,288,469      |  |                     |
| Software Total            |                                         |  | 22.5%                     |  |                |  |                        |  |                              |  | $ 40,778,972  |  | $ 37,498,849  |  | $ 35,910,171   |  |                     |
|                           |                                         |  |                           |  |                |  |                        |  |                              |  |               |  |               |  |                |  |                     |
| Technology Services       |                                         |  |                           |  |                |  |                        |  |                              |  |               |  |               |  |                |  |                     |
|                           | Blazent, Inc.                           |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | $ 1,464,421   |  | $ 989,830     |  | $ 768,564      |  | *                   |
|                           | CloudIQ Ltd. ** ^                   |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 1,156,720     |  | 1,108,942     |  | 906,974        |  | 12/1/2021   |
|                           | Dolly, Inc.                             |  |                           |  | Senior Secured |  | 12.1%                  |  |                              |  | 530,265       |  | 514,590       |  | 514,590        |  | 5/1/2021    |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 14.2%                  |  | 4.0%                         |  | 248,885       |  | 235,790       |  | 235,790        |  | 7/1/2023    |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 12.5%                  |  |                              |  | 188,627       |  | 161,586       |  | 161,586        |  | 10/1/2022   |
|                           | Klar Holdings Limited ** ^ Subtotal |  |                           |  |                |  |                        |  |                              |  | 437,512       |  | 397,376       |  | 397,376        |  |                     |
|                           | Leap Services, Inc.                     |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 314,353       |  | 305,005       |  | 305,005        |  | 6/1/2022    |
|                           | Lifit, Inc. ** ^                    |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 345,793       |  | 329,478       |  | 329,478        |  | 8/1/2022    |
|                           | Lifit, Inc. ** ^                    |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 376,772       |  | 371,984       |  | 371,984        |  | 10/1/2022   |
|                           | Lifit, Inc. ** ^ Subtotal           |  |                           |  |                |  |                        |  |                              |  | 722,565       |  | 701,462       |  | 701,462        |  |                     |
|                           | Loansnap Holdings Inc. **               |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 2,236,556     |  | 2,118,234     |  | 1,913,394      |  | 12/1/2022   |
|                           | PayJoy, Inc. **                         |  |                           |  | Senior Secured |  | 10.0%                  |  |                              |  | 288,795       |  | 284,794       |  | 284,794        |  | 8/1/2021    |
|                           | Relimetrics, Inc.                       |  |                           |  | Senior Secured |  | 11.3%                  |  |                              |  | 173,675       |  | 169,806       |  | 169,806        |  | 1/1/2022    |
|                           | Riffyn, Inc.                            |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 110,635       |  | 110,147       |  | 110,147        |  | 6/1/2021    |
|                           | Riffyn, Inc.                            |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 112,218       |  | 111,492       |  | 111,492        |  | 3/1/2021    |
|                           | Riffyn, Inc. Subtotal                   |  |                           |  |                |  |                        |  |                              |  | 222,853       |  | 221,639       |  | 221,639        |  |                     |
|                           | Solugen, Inc.                           |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 1,054,706     |  | 1,038,103     |  | 1,038,103      |  | 1/1/2023    |
|                           | Solugen, Inc.                           |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 2,107,961     |  | 2,007,714     |  | 2,007,714      |  | 1/1/2023    |
|                           | Solugen, Inc.                           |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 1,054,189     |  | 1,041,250     |  | 1,041,250      |  | 1/1/2023    |
|                           | Solugen, Inc. Subtotal                  |  |                           |  |                |  |                        |  |                              |  | 4,216,856     |  | 4,087,067     |  | 4,087,067      |  |                     |
|                           | Thrive Financial, Inc. **               |  |                           |  | Senior Secured |  | 11.5%                  |  |                              |  | 752,761       |  | 724,585       |  | 724,585        |  | 10/1/2022   |
|                           | Thrive Financial, Inc. **               |  |                           |  | Senior Secured |  | 9.3%                   |  |                              |  | 247,981       |  | 247,981       |  | 247,981        |  | 11/1/2023   |
|                           | Thrive Financial, Inc. ** Subtotal      |  |                           |  |                |  |                        |  |                              |  | 1,000,742     |  | 972,566       |  | 972,566        |  |                     |
|                           | TrueFacet, Inc.                         |  |                           |  | Senior Secured |  | 18.0%                  |  |                              |  | 871,610       |  | 839,387       |  | -              |  | *                   |
|                           | Zeel Networks, Inc.                     |  |                           |  | Senior Secured |  | 11.0%                  |  |                              |  | 2,531,182     |  | 2,468,819     |  | 2,283,564      |  | 3/1/2022    |
| Technology Services Total |                                         |  | 8.5%                      |  |                |  |                        |  |                              |  | $ 16,168,105  |  | $ 15,179,517  |  | $ 13,526,801   |  |                     |
|                           |                                         |  |                           |  |                |  |                        |  |                              |  |               |  |               |  |                |  |                     |
| Wireless                  |                                         |  |                           |  |                |  |                        |  |                              |  |               |  |               |  |                |  |                     |
|                           | AirVine Scientific, Inc.                |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | $ 90,366      |  | $ 86,490      |  | $ 86,490       |  | 9/1/2022    |
|                           | AirVine Scientific, Inc.                |  |                           |  | Senior Secured |  | 12.0%                  |  |                              |  | 90,429        |  | 88,728        |  | 88,728         |  | 9/1/2022    |
|                           | AirVine Scientific, Inc. Subtotal       |  |                           |  |                |  |                        |  |                              |  | 180,795       |  | 175,218       |  | 175,218        |  |                     |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 6,428,736     |  | 6,168,641     |  | 6,168,641      |  | 6/1/2023    |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 3,215,575     |  | 3,162,405     |  | 3,162,405      |  | 9/1/2023    |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%                  |  |                              |  | 3,215,116     |  | 3,164,764     |  | 3,164,764      |  | 8/1/2023    |
|                           | Parallel Wireless, Inc. Subtotal        |  |                           |  |                |  |                        |  |                              |  | 12,859,427    |  | 12,495,810    |  | 12,495,810     |  |                     |
| Wireless Total            |                                         |  | 7.9%                      |  |                |  |                        |  |                              |  | $ 13,040,222  |  | $ 12,671,028  |  | $ 12,671,028   |  |                     |
| Grand Total               |                                         |  | 165.7%                    |  |                |  |                        |  |                              |  | $ 307,719,689 |  | $ 288,221,039 |  | $ 264,629,798  |  |                     |

----

----

|                                                                                  |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |          |                                                  |  |   |               |  |  |   |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|---------------------------------------------------------------------------------------------|--|-----------------------|--|-------------------------|--|-----------------|------------------|------------|--|---------------------------------|----------|--------------------------------------------------|--|---|---------------|--|--|---|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                  |  |                                                                                             |  |                       |  | AS OF DECEMBER 31, 2021 |
| Description and terms of payments to be received from another party              |  | Description and terms of payments to be paid to another party                               |  | Counterparty          |  | Maturity Date           |  | Notional Amount |                  | Fair Value |  | Upfront payments / receipts |          | Unrealized appreciation / (depreciation) (a) |
| Interest Rate Collar                                                             |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |          |                                                  |
| Floating interest rate greater of USD-LIBOR-BBA or 1.00%, to be received monthly |  | Floating interest rate of USD-LIBOR-BBA with floor interest rate 0.215%, to be paid monthly |  | MUFG Union Bank, N.A. |  | 1/11/2023       |  | $               | 30,000,000  |            |  | $                               | (4,733)  |                                                  |  | $ | —  |  |  | $ | (4,733)  |  |
|                                                                                  |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |          |                                                  |
| Total                                                                            |  |                                                                                             |  |                       |  |                         |  | $               | 30,000,000  |            |  | $                               | (4,733)  |                                                  |  | $ | —  |  |  | $ | (4,733)  |  |
|                                                                                  |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |          |                                                  |
|                                                                                  |  |                                                                                             |  |                       |  | AS OF DECEMBER 31, 2020 |
| Description and terms of payments to be received from another party              |  | Description and terms of payments to be paid to another party                               |  | Counterparty          |  | Maturity Date           |  | Notional Amount |                  | Fair Value |  | Upfront payments / receipts |          | Unrealized appreciation / (depreciation) (a) |
| Cancellable Interest Rate Swap                                                   |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |
| Floating interest rate greater of USD-LIBOR-BBA or 1.00%, to be received monthly |  | Floating interest rate of USD-LIBOR-BBA with floor interest rate 0.215%, to be paid monthly |  | MUFG Union Bank, N.A. |  | 1/11/2023       |  | $               | 65,000,000  |            |  | $                               | (61,242) |                                                  |  | $ | —  |  |  | $ | (61,242) |  |
|                                                                                  |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |
|                                                                                  |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |          |                                                  |
|                                                                                  |  |                                                                                             |  |                       |  |                         |  |                 |                  |            |  |                                 |          |                                                  |
| Total                                                                            |  |                                                                                             |  |                       |  |                         |  | $               | 65,000,000  |            |  | $                               | (61,242) |                                                  |  | $ | —  |  |  | $ | (61,242) |  |

----

----

----

----

|                                          |                                     |                                     |  |  |  |  |  |  |
|------------------------------------------|-------------------------------------|-------------------------------------|--|--|--|--|--|--|
| Performing Loans                         | For the YearEnded December 31, 2021 | For the YearEnded December 31, 2020 |
| Weighted-Average Interest Rate - Cash    | 16.06%                              | 14.47%                              |
| Weighted-Average Interest Rate- Non-Cash | 3.84%                               | 3.53%                               |
| Weighted-Average Interest Rate           | 19.90%                              | 18.00%                              |
| All Loans                                | For the YearEnded December 31, 2021 | For the YearEnded December 31, 2020 |
| Weighted-Average Interest Rate - Cash    | 15.99%                              | 13.92%                              |
| Weighted-Average Interest Rate- Non-Cash | 3.58%                               | 3.38%                               |
| Weighted-Average Interest Rate           | 19.57%                              | 17.30%                              |

|         |                                                                                                                                  |  |  |  |  |
|---------|----------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| Level 1 | Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.      |
| Level 2 | Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. |
| Level 3 | Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.               |

----

|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |     |     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|--|----------------------------------|-------------------|------------------------------------------|------------------------------|------------------------------------------------|---------------------------------|---------------------------------|-----------------|-----------------------|-----|-----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investment Type - Level 3 |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Loan Investments          |  | Fair Values at December 31, 2021 |                   | Valuation Techniques / Methodologies |                              | Unobservable Inputs                            |                                 | Ranges                          |                 | Weighted Averages (a) |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Biotechnology             |  | $                                | 3,200,447    |                                          |                              | Hypothetical market analysis                   |                                 | Hypothetical market coupon rate |                 | 15% - 15%             |     | 15% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weighting of alternative outcomes  |                                 | 100% *                          |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Computers and Storage     |  | 1,312,821                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | *               |                       | 15% |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Internet                  |  | 16,538,326                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 |  11% - 19% |                       | 14% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 10% - 100% ^                |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Medical Devices           |  | 12,647,229                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 13% - 33%       |                       | 23% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weighting of alternative outcomes  |                                 | 35% - 65% *                     |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Other Healthcare          |  | 10,817,936                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 13% - 15%       |                       | 15% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 20% - 100% ^                |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Other Technology          |  | 42,172,467                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 13% - 34%       |                       | 17% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 5% - 100% ^                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Security                  |  | 516,806                     |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 19%       |                       | 17% |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Software                  |  | 8,331,989                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 12% - 23%       |                       | 16% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 10% - 100% ^                |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Technology Services       |  | 4,324,294                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 13% - 22%       |                       | 14% |
|                           |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 5% - 50% ^                  |                 |                       |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Wireless                  |  | 8,603,301                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 16%       |                       | 14% |
|                           |  |                                  |                   |                                          |                              |                                                |                                 |                                 |                 |                       |
| Total Loan Investments    |  | $                                | 108,465,616  |                                          |                              |                                                |                                 |                                 |                 |                       |     |     |

----

|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |     |     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------|--|----------------------------------|-------------------|------------------------------------------|------------------------------|------------------------------------------------|---------------------------------|---------------------------------|-----------|-----------------------|-----|-----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investment Type - Level 3    |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Loan Investments             |  | Fair Values at December 31, 2020 |                   | Valuation Techniques / Methodologies |                              | Unobservable Inputs                            |                                 |  Ranges                    |           | Weighted-Averages (a) |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Biotechnology                |  | $                                | 6,365,901    |                                          |                              | Hypothetical market analysis                   |                                 | Hypothetical market coupon rate |           | 14% - 15%             |     | 15% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weighting of alternative outcomes  |                                 | 100% *                          |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Computers and Storage        |  | 9,304,146                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 15% |                       | 14% |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Internet                     |  | 29,138,188                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 12% - 25% |                       | 15% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 25% - 100% ^                |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Medical Devices              |  | 21,600,716                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 13% - 18% |                       | 16% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 20% - 80% ^                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Other Healthcare             |  | 35,042,424                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 12% - 24% |                       | 14% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 50% - 100% ^                |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Other Technology             |  | 96,510,123                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 12% - 25% |                       | 16% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 5% - 100% ^                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Security                     |  | 1,774,812                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 99% |                       | 25% |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Semiconductors and Equipment |  | 2,785,488                   |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 16% |                       | 15% |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Software                     |  | 35,910,171                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 13% - 26% |                       | 16% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 20% - 80% ^                 |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Technology Services          |  | 13,526,801                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 23% |                       | 15% |
|                              |  |                                  |                   | Asset recovery                           |                              | Probability weightings of alternative outcomes |                                 | 10% - 100% ^                |           |                       |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Wireless                     |  | 12,671,028                  |                   |                                          | Hypothetical market analysis |                                                | Hypothetical market coupon rate |                                 | 14% - 16% |                       | 14% |
|                              |  |                                  |                   |                                          |                              |                                                |                                 |                                 |           |                       |
| Total Loan Investments       |  | $                                | 264,629,798  |                                          |                              |                                                |                                 |                                 |           |                       |     |     |

----

|                                                                                     |                 |                 |         |               |         |                  |               |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------|-----------------|-----------------|---------|---------------|---------|------------------|---------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|
| As of December 31, 2021                                                             |                 |                 |         |               |         |                  |               |
| ASSETS:                                                                         | Level 1         |                 | Level 2 |               | Level 3 |                  | Total         |
| Loans†                                                                        | $               | —    |         |               | $       | —     |               |  | $ | 108,465,616  |  |  | $ | 108,465,616  |  |
|                                                                                     |                 |                 |         |               |         |                  |               |
| Cash equivalents                                                                    | 2,815,756  |                 |         | —  |         |                  | —  |  |   | 2,815,756    |  |
| Total assets                                                                        | $               | 2,815,756  |         |               | $       | —     |               |  | $ | 108,465,616  |  |  | $ | 111,281,372  |  |
|                                                                                     |                 |                 |         |               |         |                  |               |
| LIABILITIES:                                                                    | Level 1         |                 | Level 2 |               | Level 3 |                  | Total         |
| Borrowings under debt facility                                                      | $               | —    |         |               | $       | 47,000,000  |               |  | $ | —      |  |  | $ | 47,000,000   |  |
| Derivative liability                                                                | —    |                 |         | 4,733    |         |                  | —  |  |   | 4,733        |  |
|            Total liabilities | $               | —    |         |               | $       | 47,004,733  |               |  | $ | —      |  |  | $ | 47,004,733   |  |

|                                                                                     |                 |                 |         |               |         |                   |               |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------|-----------------|-----------------|---------|---------------|---------|-------------------|---------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|
| As of December 31, 2020                                                             |                 |                 |         |               |         |                   |               |
| ASSETS:                                                                         | Level 1         |                 | Level 2 |               | Level 3 |                   | Total         |
| Loans†                                                                        | $               | —    |         |               | $       | —      |               |  | $ | 264,629,798  |  |  | $ | 264,629,798  |  |
|                                                                                     |                 |                 |         |               |         |                   |               |
| Cash equivalents                                                                    | 8,751,396  |                 |         | —  |         |                   | —  |  |   | 8,751,396    |  |
| Total assets                                                                        | $               | 8,751,396  |         |               | $       | —      |               |  | $ | 264,629,798  |  |  | $ | 273,381,194  |  |
|                                                                                     |                 |                 |         |               |         |                   |               |
| LIABILITIES:                                                                    | Level 1         |                 | Level 2 |               | Level 3 |                   | Total         |
|      Borrowings under debt facility                        | $               | —    |         |               | $       | 115,500,000  |               |  | $ | —      |  |  | $ | 115,500,000  |  |
| Derivative liability                                                                | —    |                 |         | 61,242   |         |                   | —  |  |   | 61,242       |  |
|            Total liabilities | $               | —    |         |               | $       | 115,561,242  |               |  | $ | —      |  |  | $ | 115,561,242  |  |

|                                                                                            |  |  |                                      |  |  |                 |                   |          |                 |   |               |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|--|--------------------------------------|--|--|-----------------|-------------------|----------|-----------------|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                            |  |  | For the Year Ended December 31, 2021 |
|                                                                                       |  |  |                                      |  |  | Loans           |                   | Warrants |                 |   |               |  |
| Beginning balance                                                                          |  |  |                                      |  |  | $               | 264,629,798  |          |                 | $ | —  |  |  |  |  |  |
| Acquisitions and originations                                                              |  |  |                                      |  |  | 1,500,000  |                   |          | 1,275,096  |   |               |  |  |  |
| Principal payments on loans, net of accretion                                              |  |  |                                      |  |  | (154,707,105)   |                   |          | —    |   |               |  |  |  |
|                                                                                            |  |  |                                      |  |  |                 |                   |          |                 |   |               |  |
| Proceeds from sale of loan                                                                 |  |  |                                      |  |  | (1,425,000)     |                   |          | —    |   |               |  |  |  |
| Distributions to shareholder                                                               |  |  |                                      |  |  | —    |                   |          | (1,275,096)     |   |               |  |  |  |
|                                                                                            |  |  |                                      |  |  |                 |                   |          |                 |   |               |  |
|                                                                                            |  |  |                                      |  |  |                 |                   |          |                 |   |               |  |
| Net change in unrealized gain (loss) from loans                                            |  |  |                                      |  |  | 480,443    |                   |          | —    |   |               |  |  |  |
| Net realized loss from loans                                                               |  |  |                                      |  |  | (2,012,521)     |                   |          | —    |   |               |  |  |  |
| Ending balance                                                                             |  |  |                                      |  |  | $               | 108,465,615  |          |                 | $ | —  |  |  |  |  |  |
| Net change in unrealized loss from loans relating to loans still held at December 31, 2021 |  |  |                                      |  |  | $               | (4,069,085)       |          |                 |   |               |  |  |  |

----

|                                                                                            |  |                                      |                   |          |                 |               |               |                  |               |   |               |               |  |   |               |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--|--------------------------------------|-------------------|----------|-----------------|---------------|---------------|------------------|---------------|---|---------------|---------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                            |  | For the Year Ended December 31, 2020 |
|                                                                                       |  | Loans                                |                   | Warrants |                 | Stock         |               | Convertible Note |               |   |
| Beginning balance                                                                          |  | $                                    | 371,955,824  |          |                 | $             | —  |                  |               | $ | —  |               |  | $ | —  |  |  |  |
| Acquisitions and originations                                                              |  | 96,050,000                      |                   |          | 7,180,857  |               |               | 139,063     |               |   | 226,094  |               |  |   |
| Principal payments on loans, net of accretion                                              |  | (185,994,139)                        |                   |          | —    |               |               | —     |               |   | —  |               |  |   |
|                                                                                            |  |                                      |                   |          |                 |               |               |                  |               |   |
| Distributions to shareholder                                                               |  | —                         |                   |          | (7,180,857)     |               |               | (139,063)        |               |   | (226,094)     |               |  |   |
|                                                                                            |  |                                      |                   |          |                 |               |               |                  |               |   |
|                                                                                            |  |                                      |                   |          |                 |               |               |                  |               |   |
| Net change in unrealized gain (loss) from loans                                            |  | (16,502,646)                         |                   |          | $               | —  |               |                  | —  |   |               | —  |  |   |               |
| Net realized loss from loans                                                               |  | (879,241)                            |                   |          | $               | —  |               |                  | —  |   |               | —  |  |   |               |
| Ending balance                                                                             |  | $                                    | 264,629,798  |          |                 | $             | —  |                  |               | $ | —  |               |  | $ | —  |  |  |  |
| Net change in unrealized loss from loans relating to loans still held at December 31, 2020 |  | $                                    | (17,642,737)      |          |                 |               |               |                  |               |   |               |               |

|                                                          |                    |                   |                    |                 |                    |                   |                  |  |                  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--------------------|-------------------|--------------------|-----------------|--------------------|-------------------|------------------|--|------------------|--|--|--|--|--|--|--|--|
|                                                          | For the Year Ended |                   | For the Year Ended |                 | For the Year Ended |
|                                                          | December 31, 2021  |                   | December 31, 2020  |                 | December 31, 2019  |
| Cash distributions                                       | $                  | 123,400,000  |                    |                 | $                  | 101,400,000  |                  |  | 36,750,000  |  |
| Distributions of equity securities and convertible notes | 1,275,096     |                   |                    | 7,546,014  |                    |                   | 19,357,012  |  |
| Total distributions to shareholder                       | $                  | 124,675,096  |                    |                 | $                  | 108,946,014  |                  |  | 56,107,012  |  |

----

|               |         |  |  |  |  |
|---------------|---------|--|--|--|--|
| 1-Month LIBOR | 0.1013% |
| 3-Month LIBOR | 0.2091% |

|                               |        |                  |                       |                 |                                      |  |  |  |  |  |  |
|-------------------------------|--------|------------------|-----------------------|-----------------|--------------------------------------|--|--|--|--|--|--|
|                               | Amount | Maturity Date    | All-In Interest Rate* |
| LIBOR Market Index Rate Loans | $      | 47,000,000  |                       | August 26, 2023 | Variable based on 1-month LIBOR Rate |
|                               |        |                  |                       |
| Total Outstanding             | $      | 47,000,000  |                       |                 |                                      |

|                               |        |                   |                             |                 |                                      |  |  |  |  |  |  |
|-------------------------------|--------|-------------------|-----------------------------|-----------------|--------------------------------------|--|--|--|--|--|--|
|                               | Amount | Maturity Date     | All-In Interest Rate† |
| LIBOR Market Index Rate Loans | $      | 115,500,000  |                             | August 26, 2023 | Variable based on 1-month LIBOR Rate |
|                               |        |                   |                             |
| Total Outstanding             | $      | 115,500,000  |                             |                 |                                      |

----

----

|                        |  |                      |             |                   |  |   |              |  |  |  |  |  |  |  |
|------------------------|--|----------------------|-------------|-------------------|--|---|--------------|--|--|--|--|--|--|--|
|                        |  | Derivative Liability |
| Derivative Instruments |  | December 31, 2021    |             | December 31, 2020 |
|                        |  |                      |             |                   |
| Interest rate collar   |  | $                    | 4,733  |                   |  | $ | 61,242  |  |

|                                                                 |                                                      |                                                                  |   |                                                  |               |                                      |   |                                      |               |  |   |               |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|------------------------------------------------------|------------------------------------------------------------------|---|--------------------------------------------------|---------------|--------------------------------------|---|--------------------------------------|---------------|--|---|---------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Derivative Instruments                                          |                                                      | Location on Statements of Operations                             |   |   For the Year Ended December 31, 2021 |               | For the Year Ended December 31, 2020 |   | For the Year Ended December 31, 2019 |
| Cancellable interest rate swap and Interest rate swap and floor |                                                      | Net change in unrealized gain (loss) from derivative instruments |   | $                                                | —  |                                      |   | $                                    | 347,183  |  |   | $             | (963,331)     |  |
|                                                                 | Net realized gain (loss) from derivative instruments |                                                                  | $ | —                                     |               |                                      | $ | (880,664)                            |               |  | $ | 85,453   |               |
| Interest rate collar                                            |                                                      | Net change in unrealized gain (loss) from derivative instruments |   | $                                                | 56,509   |                                      |   | $                                    | (61,242)      |  |   | $             | —  |  |
|                                                                 | Net realized gain (loss) from derivative instruments |                                                                  | $ | (49,381)                                         |               |                                      | $ | (41,951)                             |               |  | $ | —  |               |

----

|       |      |                         |                         |                                 |               |  |   |              |  |   |              |  |  |  |  |
|-------|------|-------------------------|-------------------------|---------------------------------|---------------|--|---|--------------|--|---|--------------|--|--|--|--|
| Asset | Cost | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Loans | $    | 131,576,413        |                         | $                               | 459,420  |  | $ | (23,570,217) |  | $ | (23,110,797) |  |  |
|       |      |                         |                         |                                 |               |
| Total | $    | 131,576,413        |                         | $                               | 459,420  |  | $ | (23,570,217) |  | $ | (23,110,797) |  |  |
|                      |      |                         |                         |                                 |               |  |   |         |  |   |         |  |  |  |  |
|----------------------|------|-------------------------|-------------------------|---------------------------------|---------------|--|---|---------|--|---|---------|--|--|--|--|
| Liability            | Cost | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Derivative liability | $    | —            |                         | $                               | —  |  | $ | (4,733) |  | $ | (4,733) |  |  |
| Total                | $    | —            |                         | $                               | —  |  | $ | (4,733) |  | $ | (4,733) |  |  |

|       |      |                         |                         |                                 |              |   |              |              |   |              |              |  |  |  |  |
|-------|------|-------------------------|-------------------------|---------------------------------|--------------|---|--------------|--------------|---|--------------|--------------|--|--|--|--|
| Asset | Cost | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |              |
| Loans | $    | 288,221,039        |                         | 17,616                     |              | $ | (23,608,857) |              | $ | (23,591,241) |              |  |
| Total | $    | 288,221,039        |                         | $                               | 17,616  |   | $            | (23,608,857) |   | $            | (23,591,241) |  |  |
|                      |      |                         |                         |                                 |               |  |   |          |  |   |              |  |  |  |  |
|----------------------|------|-------------------------|-------------------------|---------------------------------|---------------|--|---|----------|--|---|--------------|--|--|--|--|
| Liability            | Cost | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Derivative liability | $    | —            |                         | $                               | —  |  | $ | (61,242) |  | $ | 61,242  |  |  |
| Total                | $    | —            |                         | $                               | —  |  | $ | (61,242) |  | $ | 61,242  |  |  |

|                                                  |                   |                   |               |   |               |  |  |  |
|--------------------------------------------------|-------------------|-------------------|---------------|---|---------------|--|--|--|
|                                                  | December 31, 2021 | December 31, 2020 |
| Accumulated capital losses                       | $                 | (37,474,490)      |               | $ | (35,412,588)  |  |
| Other temporary differences                      | (4,480,054)       |                   | (4,487,498)   |   |
| Distributions in excess of net investment income | (225,613,589)     |                   | (128,788,547) |   |
| Net unrealized depreciation                      | (23,115,530)      |                   | (23,652,483)  |   |
| Components of distributable losses               | $                 | (290,683,663)     |               | $ | (192,341,116) |  |

----

|                      |                         |                                                       |                  |                    |                    |  |  |  |  |  |  |
|----------------------|-------------------------|-------------------------------------------------------|------------------|--------------------|--------------------|--|--|--|--|--|--|
| Borrower             | Industry                | Unexpired Unfunded Commitment as of December 31, 2020 | Expiration Date  |
| Aclima, Inc.         | Other Technology        | $                                                     | 2,000,000   |                    | 03/31/2021 |
| eXo Imaging, Inc.    | Medical Devices         | 2,000,000                                        |                  | 09/30/2021 |
| Fetch Robotics, Inc. | Computers & Storage | 2,500,000                                        |                  | 06/30/2021 |
| Invoice2Go, Inc.     | Software                | 13,000,000                                       |                  | 03/31/2021 |
| Lukla, Inc.          | Internet                | 500,000                                          |                  | 01/31/2021 |
| Reciprocity, Inc.    | Software                | 1,950,000                                        |                  | 01/31/2021 |
| Residently USA, LLC  | Internet                | 375,000                                          |                  | 03/31/2021 |
| Total                |                         | $                                                     | 22,325,000  |                    |                    |

----

|                                                                                  |                    |                  |                        |               |                        |                   |                        |   |                        |                   |   |  |                |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--------------------|------------------|------------------------|---------------|------------------------|-------------------|------------------------|---|------------------------|-------------------|---|--|----------------|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                             | For the Year Ended |                  | For the Year Ended (a) |               | For the Year Ended (a) |                   | For the Year Ended (a) |   | For the Year Ended (a) |                   |
|                                                                             | December 31, 2021  |                  | December 31, 2020      |               | December 31, 2019      |                   | December 31, 2018      |   | December 31, 2017      |                   |
|                                                                             |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Total return                                                                     | 22.98         | %                |                        | 14.37    | %                      |                   | 14.36             | % |                        | 15.85        | % |  | 10.79     | %                 |  |
|                                                                             |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Per share amounts:                                                           |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Net asset value, beginning of year                                               | $                  | 1,597.34    |                        |               | $                      | 2,065.85     |                        |   | $                      | 2,165.44     |   |  | $              | 1,648.31     |  |  | $ | 810.72       |  |  |
|                                                                                  |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Net investment income                                                            | 278.57        |                  |                        | 426.13   |                        |                   | 450.09            |   |                        | 498.31       |   |  | 209.30    |                   |  |
| Net realized and change in unrealized loss from loans and derivative instruments | (15.24)            |                  |                        | (180.18)      |                        |                   | (158.61)               |   |                        | (160.70)          |   |  | (58.60)        |                   |  |
| Net increase in net assets resulting from operations                             | 263.33        |                  |                        | 245.95   |                        |                   | 291.48            |   |                        | 337.61       |   |  | 150.70    |                   |  |
|                                                                                  |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Distributions of income to shareholder                                           | (257.96)           |                  |                        | (408.11)      |                        |                   | (308.71)               |   |                        | (352.11)          |   |  | (160.78)       |                   |  |
| Return of capital to shareholder                                                 | (988.80)           |                  |                        | (681.35)      |                        |                   | (252.36)               |   |                        | (313.37)          |   |  | (303.83)       |                   |  |
| Contributions from shareholder                                                   | 40.00         |                  |                        | 375.00   |                        |                   | 170.00            |   |                        | 845.00       |   |  | 1,151.50  |                   |  |
| Net asset value, end of year                                                     | $                  | 653.91      |                        |               | $                      | 1,597.34     |                        |   | $                      | 2,065.85     |   |  | $              | 2,165.44     |  |  | $ | 1,648.31     |  |  |
|                                                                             |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Net assets, end of year                                                          | $                  | 65,391,337  |                        |               | $                      | 159,733,884  |                        |   | $                      | 206,585,164  |   |  | $              | 216,543,951  |  |  | $ | 164,831,060  |  |  |
|                                                                             |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Ratios to average net assets:                                                |                    |                  |                        |               |                        |                   |                        |   |                        |                   |
| Expenses                                                                         | 7.83          | %                |                        | 8.05     | %                      |                   | 9.72              | % |                        | 9.57         | % |  | 11.02     | %                 |  |
| Net investment income                                                            | 23.57         | %                |                        | 22.60    | %                      |                   | 21.31             | % |                        | 22.09        | % |  | 15.13     | %                 |  |
| Portfolio turn-over rate                                                         | 0.81          | %                |                        | —  | %                      |                   | 0.60              | % |                        | —      | % |  | —   | %                 |  |
| Average debt outstanding                                                         | $                  | 82,615,385  |                        |               | $                      | 152,884,615  |                        |   | $                      | 179,807,692  |   |  | $              | 191,269,231  |  |  | $ | 103,207,692  |  |  |