|             |                                                                                      |  |  |  |  |  |  |  |
|-------------|--------------------------------------------------------------------------------------|--|--|--|--|--|--|--|
| [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                                                       | 82-2040715                           |
| (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, President and Chief Executive Officer                                                       | 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 2017. 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, Chief Compliance Officer, Treasurer, and Secretary | 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 for the fund 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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|        |  |                |  |  |  |  |  |  |  |  |
|--------|--|----------------|--|--|--|--|--|--|--|--|
|        |  | Management Fee |  |  |
| Year 1 |  | 1.575%         |  |  |
| Year 2 |  | 1.600%         |  |  |
| Year 3 |  | 1.575%         |  |  |
| Year 4 |  | 1.500%         |  |  |
| Year 5 |  | 1.250%         |  |  |
| Year 6 |  | 0.900%         |  |  |
| Year 7 |  | 0.600%         |  |  |
| Year 8 |  | 0.350%         |  |  |
| Year 9 |  | 0.150%         |  |  |

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|                  |                                      |                                      |                                               |                                                   |                             |                 |                                               |                                                   |            |   |   |                   |  |   |                  |  |             |   |            |   |  |  |  |  |  |  |
|------------------|--------------------------------------|--------------------------------------|-----------------------------------------------|---------------------------------------------------|-----------------------------|-----------------|-----------------------------------------------|---------------------------------------------------|------------|---|---|-------------------|--|---|------------------|--|-------------|---|------------|---|--|--|--|--|--|--|
|                  | For the Year Ended December 31, 2021 | For the Year Ended December 31, 2020 |
|                  | Average Outstanding Balance          | Interest Income                      | Weighted Average Interest Rate - Cash Portion | Weighted Average Interest Rate - Non-Cash Portion | Average Outstanding Balance | Interest Income | Weighted Average Interest Rate - Cash Portion | Weighted Average Interest Rate - Non-Cash Portion |
| Performing Loans | $                                    | 393,012,888                     |                                               | $                                                 | 84,965,060             |                 | 15.76                                    | %                                                 | 5.86  | % | $ | 244,644,133  |  | $ | 45,556,945  |  | 14.82  | % | 3.80  | % |
| All Loans        | $                                    | 403,313,700                     |                                               | $                                                 | 85,555,014             |                 | 15.50                                    | %                                                 | 5.71  | % | $ | 252,948,149  |  | $ | 45,711,386  |  | 14.39  | % | 3.68  | % |

----

|               |                                      |                                      |                                        |                 |                  |                                        |            |   |   |                   |  |   |                 |  |            |   |  |  |  |  |
|---------------|--------------------------------------|--------------------------------------|----------------------------------------|-----------------|------------------|----------------------------------------|------------|---|---|-------------------|--|---|-----------------|--|------------|---|--|--|--|--|
|               | For the Year Ended December 31, 2021 | For the Year Ended December 31, 2020 |
|               | Average Balance                      | Interest Expense                     | Weighted Average Interest Expense Rate | Average Balance | Interest Expense | Weighted Average Interest Expense Rate |
| Bank Facility | $                                    | 206,569,231                     |                                        | $               | 6,333,348   |                                        | 3.07  | % | $ | 109,269,231  |  | $ | 4,233,746  |  | 3.87  | % |

|                               |                                      |                                      |            |   |                 |  |   |               |  |  |  |
|-------------------------------|--------------------------------------|--------------------------------------|------------|---|-----------------|--|---|---------------|--|--|--|
| Operating Expense             | For the Year Ended December 31, 2021 | For the Year Ended December 31, 2020 | Change ($) |
| Management fees               | $                                    | 7,072,500                       |            | $ | 7,302,500  |  | $ | (230,000)     |  |
| Banking and professional fees | $                                    | 1,395,114                       |            | $ | 600,593    |  | $ | 794,521  |  |
| Other operating expenses      | $                                    | 214,396                         |            | $ | 175,284    |  | $ | 39,112   |  |
| Total Operating Expense       | $                                    | 8,682,010                       |            | $ | 8,078,377  |  | $ | 603,633  |  |

----

|                                                      |                                      |               |                                      |                   |   |                 |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------|--------------------------------------|---------------|--------------------------------------|-------------------|---|-----------------|--|--|--|--|--|--|--|--|--|
|                                                      | For the Year Ended December 31, 2021 |               | For the Year Ended December 31, 2020 |                   |   |                 |  |
| Net cash used in operating activities                | $                                    | (141,592,182) |                                      |                   | $ | (101,496,769)   |  |  |  |  |  |
| Net cash provided by financing activities            | 136,034,065                     |               |                                      | 103,239,253  |   |                 |  |  |  |
| Net increase (decrease) in cash and cash equivalents | $                                    | (5,558,117)   |                                      |                   | $ | 1,742,484  |  |  |  |  |  |

|                   |                             |                                                  |                                  |                                |  |  |  |  |  |  |  |  |  |  |
|-------------------|-----------------------------|--------------------------------------------------|----------------------------------|--------------------------------|--|--|--|--|--|--|--|--|--|--|
| As of             | Cumulative Amount Disbursed | Principal Reductions and Fair Market Adjustments | Balance Outstanding - Fair Value | Unexpired Unfunded Commitments |
| December 31, 2021 | $822.2 million              | $338.2 million                                   | $484.0 million                   | $97.9 million                  |
| December 31, 2020 | $463.4 million              | $152.9 million                                   | $310.5 million                   | $83.2 million                  |

----

----

|                                   |                                                     |                                       |                                      |                                     |                 |  |   |               |  |   |             |  |  |  |
|-----------------------------------|-----------------------------------------------------|---------------------------------------|--------------------------------------|-------------------------------------|-----------------|--|---|---------------|--|---|-------------|--|--|--|
| Effect of Interest Rate Change By | Increase (Decrease) Other Interest and Other Income | Gain (Loss) from Interest Rate Collar | Increase (Decrease) Interest Expense | Increase (Decrease) in Total Income |
| (0.50)%                           | $                                                   | (34,696)                              |                                      | $                                   | (1,235,000)     |  | $ | 266,288  |  | $ | (1,003,408) |  |
| 1%                                | $                                                   | 69,391                           |                                      | $                                   | 863,500    |  | $ | (2,630,000)   |  | $ | (1,697,109) |  |
| 2%                                | $                                                   | 138,783                          |                                      | $                                   | 2,224,375  |  | $ | (5,260,000)   |  | $ | (2,896,842) |  |
| 3%                                | $                                                   | 208,174                          |                                      | $                                   | 4,560,500  |  | $ | (7,890,000)   |  | $ | (3,121,326) |  |
| 4%                                | $                                                   | 277,565                          |                                      | $                                   | 7,030,500  |  | $ | (10,520,000)  |  | $ | (3,211,935) |  |
| 5%                                | $                                                   | 346,956                          |                                      | $                                   | 9,500,500  |  | $ | (13,150,000)  |  | $ | (3,302,544) |  |
|                                   |                                                     |                                       |                                      |                                     |
|                                   |                                                     |                                       |                                      |                                     |
|                                   |                                                     |                                       |                                      |                                     |

----

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|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |  |  |  |
|---------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| Exhibit     | Exhibit Title                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.1                             | Amended and Restated Articles of Incorporation of the Fund as filed with the Maryland Secretary of State on September 25, 2017, incorporated by reference to Exhibit 3.1 to the Fund’s Registration Statement on Form 10 filed with the Securities and Exchange Commission on October 18, 2017.                                                                                                                                                                                                                                       |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.2                             | Amended and Restated Bylaws of the Fund, incorporated by reference to Exhibit 3.2 to the Fund’s Registration Statement on Form 10 filed with the Securities and Exchange Commission on October 18, 2017.                                                                                                                                                                                                                                                                                                                              |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.1                             | Purchase Agreement, dated June 28, 2017, 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 October 18, 2017.                                                                                                                                                                                                                                                                                            |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.2                             | Description of the Registrant’s securities registered pursuant to Section 12(G) of the Securities and Exchange Act of 1934, incorporated by reference to Exhibit 4.2 to the Fund’s Form 10-K filed with the Securities and Exchange Commission on March 15, 2021.                                                                                                                                                                                                                                                               |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.1                            | Global Custody Agreement dated July 27, 2015, between the Fund and MUFG Union Bank, N.A., as supplemented by Schedule I attached thereto, dated April 26, 2021.                                                                                                                                                                                                                                                                                                                                                                             |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.2                            | Management Agreement dated December 15, 2017, between the Fund and the Manager.                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 10.3                            | Custody Agreement between the Fund and Wells Fargo Bank, National Association effective December 11, 2019, incorporated by reference to Exhibit 10.3 to the Fund’s Form 10-K filed with the Securities and Exchange Commission on March 16, 2020.                                                                                                                                                                                                                                                                                     |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 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/David R. Wanek       | President, CEO & Director | March 14, 2022 |  |
|         | David R. Wanek                  |                               |                |  |
|         |                                 |                               |                |  |
| By: | /S/ Robert Hutter       | Director                      | March 14, 2022 |  |
|         | Robert Hutter                   |                               |                |  |
|         |                                 |                               |                |  |
| By: | /S/ Roger V. Smith      | Director                      | March 14, 2022 |  |
|         | Roger V. Smith                  |                               |                |  |
|         |                                 |                               |                |  |
| By: | /S/ Scott Taylor        | Director                      | March 14, 2022 |  |
|         | Scott Taylor                    |                               |                |  |
|         |                                 |                               |                |  |

----

----

----

|                                                                                                                                            |                   |                   |                   |                   |   |                   |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------------------------------------------------|-------------------|-------------------|-------------------|-------------------|---|-------------------|--|--|--|--|--|
|                                                                                                                                            | December 31, 2021 |                   | December 31, 2020 |
| ASSETS:                                                                                                                                |                   |                   |                   |
| Loans, at estimated fair value                                                                                                             |                   |                   |                   |
|    (cost of $501,909,222 and $323,011,028)                                                                                  | $                 | 484,047,644  |                   |                   | $ | 310,522,149  |  |
| Derivative assets                                                                                                                          | 962,602      |                   |                   | —      |   |
| Cash and cash equivalents                                                                                                                  | 6,939,126    |                   |                   | 12,497,243   |   |
| Dividend and interest receivables                                                                                                          | 6,872,798    |                   |                   | 3,856,598    |   |
| Other assets                                                                                                                               | 2,110,405    |                   |                   | 685,806      |   |
| Total assets                                                                                                                               | 500,932,575  |                   |                   | 327,561,796  |   |
|                                                                                                                                            |                   |                   |                   |
| LIABILITIES:                                                                                                                           |                   |                   |                   |
| Borrowings under debt facility                                                                                                             | 263,000,000  |                   |                   | 140,000,000  |   |
| Accrued management fees                                                                                                                    | 1,725,000    |                   |                   | 1,811,250    |   |
| Derivative liability                                                                                                                       | 130,697      |                   |                   | 1,254,214    |   |
| Accounts payable and other accrued liabilities                                                                                             | 5,883,327    |                   |                   | 1,169,497    |   |
| Total liabilities                                                                                                                          | 270,739,024  |                   |                   | 144,234,961  |   |
|                                                                                                                                            |                   |                   |                   |
| NET ASSETS:                                                                                                                            | $                 | 230,193,551  |                   |                   | $ | 183,326,835  |  |
|                                                                                                                                            |                   |                   |                   |
| Analysis of Net Assets:                                                                                                                |                   |                   |                   |
|                                                                                                                                            |                   |                   |                   |
| Capital paid in on shares of capital stock                                                                                                 | $                 | 345,625,000  |                   |                   | $ | 243,125,000  |  |
| Cumulative return of capital distributions                                                                                                 | (97,253,486)      |                   |                   | (44,906,782)      |   |
| Total distributable losses                                                                                                                 | (18,177,963)      |                   |                   | (14,891,383)      |   |
| Net assets (equivalent to $2,301.94 and $1,833.27 per share based on 100,000 shares of capital stock outstanding - See Note 5 and Note 11) | $                 | 230,193,551  |                   |                   | $ | 183,326,835  |  |
|                                                                                                                                            |                   |                   |                   |
| Commitments & Contingent Liabilities:                                                                                              |                   |                   |                   |
| Unexpired unfunded commitments (See Note 10)                                                                                               | $                 | 97,948,732   |                   |                   | $ | 83,200,000   |  |

----

|                                                                                  |                    |                  |  |  |                    |                  |                    |                  |                  |  |   |                  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--------------------|------------------|--|--|--------------------|------------------|--------------------|------------------|------------------|--|---|------------------|--|--|--|--|--|--|--|
|                                                                                  | 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                                                                | $                  | 85,555,014  |  |  |                    |                  | $                  | 45,711,386  |                  |  | $ | 23,613,264  |  |
| Other interest and other income                                                  | 410,493       |                  |  |  |                    | 514,174     |                    |                  | 195,483     |  |
| Total investment income                                                          | 85,965,507    |                  |  |  |                    | 46,225,560  |                    |                  | 23,808,747  |  |
|                                                                                  |                    |                  |  |  |                    |                  |                    |
| EXPENSES:                                                                    |                    |                  |  |  |                    |                  |                    |
| Management fees                                                                  | 7,072,500     |                  |  |  |                    | 7,302,500   |                    |                  | 7,302,500   |  |
| Interest expense                                                                 | 6,333,348     |                  |  |  |                    | 4,233,746   |                    |                  | 3,995,300   |  |
| Banking and professional fees                                                    | 1,395,114     |                  |  |  |                    | 600,593     |                    |                  | 460,935     |  |
| Other operating expenses                                                         | 214,396       |                  |  |  |                    | 175,284     |                    |                  | 178,282     |  |
| Total expenses                                                                   | 15,015,358    |                  |  |  |                    | 12,312,123  |                    |                  | 11,937,017  |  |
| Net investment income                                                            | 70,950,149    |                  |  |  |                    | 33,913,437  |                    |                  | 11,871,730  |  |
|                                                                                  |                    |                  |  |  |                    |                  |                    |
| Net realized loss from loans                                                     | (119,127)          |                  |  |  |                    | (27,819)         |                    |                  | (2,393,159)      |  |
| Net realized loss from derivative instruments                                    | (1,348,685)        |                  |  |  |                    | (960,747)        |                    |                  | (73,774)         |  |
| Net change in unrealized loss from loans                                         | (5,372,700)        |                  |  |  |                    | (11,584,945)     |                    |                  | (903,934)        |  |
| Net change in unrealized gain (loss) from derivative instruments                 | 2,086,119     |                  |  |  |                    | (428,640)        |                    |                  | (825,574)        |  |
| Net realized and change in unrealized loss from loans and derivative instruments | (4,754,393)        |                  |  |  |                    | (13,002,151)     |                    |                  | (4,196,441)      |  |
| Net increase in net assets resulting from operations                             | $                  | 66,195,756  |  |  |                    |                  | $                  | 20,911,286  |                  |  | $ | 7,675,289   |  |
|                                                                                  |                    |                  |  |  |                    |                  |                    |
| Amounts per common share:                                                    |                    |                  |  |  |                    |                  |                    |
| Net increase in net assets resulting from operations    per share | $                  | 661.96      |  |  |                    |                  | $                  | 209.11      |                  |  | $ | 76.75       |  |
| 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                   |  |                                 | $ | 82,524,900            |               |            | $ | (7,287,981)      |  |  | $                 | (1,148,292)  |  |  | $ | 74,088,727   |  |
| Net increase in net assets resulting from operations | —  |  |           | —  |                            |  | —                    |   |                            | —  |            |   | 7,675,289   |  |  | 7,675,289    |              |
| Distributions of income to shareholder               | —  |  |           | —  |                            |  | —                    |   |                            | —  |            |   | (9,404,796)      |  |  | (9,404,796)       |              |
| Return of capital to shareholder                     | —  |  |           | —  |                            |  | —                    |   |                            | (24,126,847)  |            |   | —     |  |  | (24,126,847)      |              |
| Contributions from shareholder                       | —  |  |           | —  |                            |  | 65,600,000                 |   |                            | —  |            |   | —     |  |  | 65,600,000   |              |
| Balance at December 31, 2019 (a)                     | 100,000  |  |           | $             | 100                   |  |                                 | $ | 148,124,900           |               |            | $ | (31,414,828)     |  |  | $                 | (2,877,799)  |  |  | $ | 113,832,373  |  |
| Net increase in net assets resulting from operations | —  |  |           | —  |                            |  | —                    |   |                            | —  |            |   | 20,911,286  |  |  | 20,911,286   |              |
| Distributions of income to shareholder               | —  |  |           | —  |                            |  | —                    |   |                            | —  |            |   | (32,924,870)     |  |  | (32,924,870)      |              |
| Return of capital to shareholder                     | —  |  |           | —  |                            |  | —                    |   |                            | (13,491,954)  |            |   | —     |  |  | (13,491,954)      |              |
| Contributions from shareholder                       | —  |  |           | —  |                            |  | 95,000,000                 |   |                            | —  |            |   | —     |  |  | 95,000,000   |              |
| Balance at December 31, 2020 (a)                     | 100,000  |  |           | $             | 100                   |  |                                 | $ | 243,124,900           |               |            | $ | (44,906,782)     |  |  | $                 | (14,891,383) |  |  | $ | 183,326,835  |  |
| Net increase in net assets resulting from operations | —  |  |           | —  |                            |  | —                    |   |                            | —  |            |   | 66,195,756  |  |  | 66,195,756   |              |
| Distributions of income to shareholder               | —  |  |           | —  |                            |  | —                    |   |                            | —  |            |   | (69,482,336)     |  |  | (69,482,336)      |              |
| Return of capital to shareholder                     | —  |  |           | —  |                            |  | —                    |   |                            | (52,346,704)  |            |   | —     |  |  | (52,346,704)      |              |
| Contributions from shareholder                       | —  |  |           | —  |                            |  | 102,500,000                |   |                            | —  |            |   | —     |  |  | 102,500,000  |              |
| Balance at December 31, 2021                         | 100,000  |  |           | $             | 100                   |  |                                 | $ | 345,624,900           |               |            | $ | (97,253,486)     |  |  | $                 | (18,177,963) |  |  | $ | 230,193,551  |  |

----

|                                                                                                                             |                    |                  |  |  |                       |                   |                       |                  |                   |  |   |                  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------------------|--------------------|------------------|--|--|-----------------------|-------------------|-----------------------|------------------|-------------------|--|---|------------------|--|--|--|--|--|--|--|
|                                                                                                                             | 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                                                                        | $                  | 66,195,756  |  |  |                       |                   | $                     | 20,911,286  |                   |  | $ | 7,675,289   |  |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities: |                    |                  |  |  |                       |                   |                       |
| Net realized loss from loans                                                                                                | 119,127       |                  |  |  |                       | 27,819       |                       |                  | 2,393,159    |  |
| Net realized loss from derivative instruments                                                                               | 1,348,685     |                  |  |  |                       | 960,747      |                       |                  | 73,774       |  |
| Net change in unrealized loss from loans                                                                                    | 5,372,700     |                  |  |  |                       | 11,584,945   |                       |                  | 903,934      |  |
| Net change in unrealized (gain) loss from derivative instruments                                                            | (2,086,119)        |                  |  |  |                       | 428,640      |                       |                  | 825,574      |  |
| Amortization of deferred costs related to borrowing facility                                                                | 794,264       |                  |  |  |                       | 428,638      |                       |                  | 427,523      |  |
| Origination of loans                                                                                                        | (358,801,269)      |                  |  |  |                       | (215,650,000)     |                       |                  | (160,675,000)     |  |
| Principal payments on loans, net of accretion                                                                               | 179,332,130   |                  |  |  |                       | 95,832,764   |                       |                  | 31,535,775   |  |
| Acquisition of equity securities                                                                                            | (35,577,222)       |                  |  |  |                       | (14,623,255)      |                       |                  | (11,055,649)      |  |
| Change in operating assets and liabilities:                                                                             |                    |                  |  |  |                       |                   |                       |
| Net increase in dividend and interest receivables                                                                           | (3,016,200)        |                  |  |  |                       | (1,154,885)       |                       |                  | (1,716,693)       |  |
| Net (increase) decrease in other assets                                                                                     | 98,387        |                  |  |  |                       | (174,729)         |                       |                  | (35,733)          |  |
| Net increase (decrease) in accounts payable, other accrued liabilities and accrued management fees and due to manager       | 4,627,579     |                  |  |  |                       | (68,739)          |                       |                  | 958,905      |  |
| Net cash used in operating activities                                                                                       | (141,592,182)      |                  |  |  |                       | (101,496,769)     |                       |                  | (128,689,142)     |  |
|                                                                                                                             |                    |                  |  |  |                       |                   |                       |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                   |                    |                  |  |  |                       |                   |                       |
| Cash distributions to shareholder                                                                                           | (85,800,000)       |                  |  |  |                       | (30,800,000)      |                       |                  | (20,900,000)      |  |
| Contributions from shareholder                                                                                              | 102,500,000   |                  |  |  |                       | 95,000,000   |                       |                  | 65,600,000   |  |
| Borrowings under debt facility                                                                                              | 251,200,000   |                  |  |  |                       | 137,500,000  |                       |                  | 119,200,000  |  |
| Repayments of borrowings under debt facility                                                                                | (128,200,000)      |                  |  |  |                       | (97,500,000)      |                       |                  | (25,200,000)      |  |
| Payments made for derivative instruments                                                                                    | (1,348,685)        |                  |  |  |                       | (960,747)         |                       |                  | (96,231)          |  |
| Payments received from interest rate swap                                                                                   | —       |                  |  |  |                       | —      |                       |                  | 22,458       |  |
| Payments of bank facility fees and costs                                                                                    | (2,317,250)        |                  |  |  |                       | —      |                       |                  | (15,141)          |  |
| Net cash provided by financing activities                                                                                   | 136,034,065   |                  |  |  |                       | 103,239,253  |                       |                  | 138,611,086  |  |
| Net increase (decrease) in cash and cash equivalents                                                                        | (5,558,117)        |                  |  |  |                       | 1,742,484    |                       |                  | 9,921,944    |  |
|                                                                                                                             |                    |                  |  |  |                       |                   |                       |
| CASH AND CASH EQUIVALENTS:                                                                                              |                    |                  |  |  |                       |                   |                       |
| Beginning of year                                                                                                           | 12,497,243    |                  |  |  |                       | 10,754,759   |                       |                  | 832,815      |  |
| End of year                                                                                                                 | $                  | 6,939,126   |  |  |                       |                   | $                     | 12,497,243  |                   |  | $ | 10,754,759  |  |
|                                                                                                                             |                    |                  |  |  |                       |                   |                       |
| SUPPLEMENTAL DISCLOSURES:                                                                                               |                    |                  |  |  |                       |                   |                       |
| CASH PAID DURING THE YEAR:                                                                                              |                    |                  |  |  |                       |                   |                       |
| Interest - Debt facility                                                                                                    | $                  | 4,992,998   |  |  |                       |                   | $                     | 3,648,316   |                   |  | $ | 3,304,431   |  |
|                                                                                                                             |                    |                  |  |  |                       |                   |                       |
| NON-CASH OPERATING AND FINANCING ACTIVITIES:                                                                            |                    |                  |  |  |                       |                   |                       |
| Distributions of equity securities to shareholder                                                                           | $                  | 36,029,040  |  |  |                       |                   | $                     | 15,616,824  |                   |  | $ | 12,631,643  |  |
| Receipt of equity securities as repayment of loans                                                                          | $                  | 451,817     |  |  |                       |                   | $                     | 993,568     |                   |  | $ | 1,575,994   |  |
|                                                                                                                             |                    |                  |  |  |                       |                   |                       |
|                                                                                                                             |                    |                  |  |  |                       |                   |                       |

----

|                               |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |  |   |                   |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|--------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------------|------------------|------------|------------------|----------------|------------------|---------------------|--|---|-------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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                 |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
|                               | Calysta, Inc.                        |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | $                | 7,424,123   |            |                  | $              | 6,910,615   |                     |  | $ | 6,910,615    |  |  | 6/1/2025  |
|                               | Driver Bioengineering, Inc.          |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 210,665     |                  |            | 196,509     |                |                  | 196,509        |  |   | 4/1/2023  |
|                               | Driver Bioengineering, Inc.          |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 548,126     |                  |            | 541,260     |                |                  | 541,260        |  |   | 6/1/2023  |
|                               | Driver Bioengineering, Inc. Subtotal |  |                           |  |                |  |                   |  |                         |  | 758,791     |                  |            | 737,769     |                |                  | 737,769        |  |   |                   |
|                               | Genomic Prediction, Inc.             |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 990,625     |                  |            | 916,753     |                |                  | 916,753        |  |   | 1/1/2025  |
|                               | GLO Pharma, Inc.                     |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 1,982,114   |                  |            | 1,896,155   |                |                  | 1,896,155      |  |   | 12/1/2024 |
|                               | GLO Pharma, Inc.                     |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 2,971,746   |                  |            | 2,893,124   |                |                  | 2,893,124      |  |   | 12/1/2024 |
|                               | GLO Pharma, Inc. Subtotal            |  |                           |  |                |  |                   |  |                         |  | 4,953,860   |                  |            | 4,789,279   |                |                  | 4,789,279      |  |   |                   |
|                               | 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.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 996,046     |                  |            | 980,260     |                |                  | 980,260        |  |   | 5/1/2024  |
|                               | Quartzy, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 2,529,059   |                  |            | 2,462,677   |                |                  | 2,462,677      |  |   |                   |
| Biotechnology Total           |                                      |  | 6.9%                      |  |                |  |                   |  |                         |  | $                | 16,656,458  |            |                  | $              | 15,817,093  |                     |  | $ | 15,817,093   |  |  |                   |
|                               |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
| Computers & Storage       |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | $                | 1,806,184   |            |                  | $              | 1,774,384   |                     |  | $ | 1,774,384    |  |  | 3/1/2024  |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 7,221,950   |                  |            | 6,947,036   |                |                  | 6,947,036      |  |   | 3/1/2024  |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 12.8%             |  |                         |  | 1,332,737   |                  |            | 1,312,821   |                |                  | 1,312,821      |  |   | 3/1/2023  |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 14,850,169       |                  | 14,028,469 |                  | 14,028,469     |                  | 3/1/2026    |
|                               | Canary Connect, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 25,211,040  |                  |            | 24,062,710  |                |                  | 24,062,710     |  |   |                   |
| Computers & Storage Total |                                      |  | 10.5%                     |  |                |  |                   |  |                         |  | $                | 25,211,040  |            |                  | $              | 24,062,710  |                     |  | $ | 24,062,710   |  |  |                   |
|                               |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
| Enterprise Networking         |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
|                               | Diamanti, Inc.                       |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | $                | 5,972,984   |            |                  | $              | 5,055,959   |                     |  | $ | 4,311,087    |  |  | *                 |
| Enterprise Networking Total   |                                      |  | 1.9%                      |  |                |  |                   |  |                         |  | $                | 5,972,984   |            |                  | $              | 5,055,959   |                     |  | $ | 4,311,087    |  |  |                   |
|                               |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
| Internet                      |                                      |  |                           |  |                |  |                   |  |                         |  |                  |                  |            |                  |                |                  |                     |
|                               | 10club Pte Ltd. ** ^             |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | $                | 4,454,692   |            |                  | $              | 4,309,407   |                     |  | $ | 4,309,407    |  |  | 11/1/2025 |
|                               | 10club Pte Ltd. ** ^             |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,484,485   |                  |            | 969,998     |                |                  | 969,998        |  |   | 8/1/2025  |
|                               | 10club Pte Ltd. Subtotal ** ^    |  |                           |  |                |  |                   |  |                         |  | 5,939,177   |                  |            | 5,279,405   |                |                  | 5,279,405      |  |   |                   |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 180,970     |                  |            | 167,037     |                |                  | 167,037        |  |   | 9/1/2023  |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 220,835     |                  |            | 215,380     |                |                  | 215,380        |  |   | 8/1/2022  |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 73,617      |                  |            | 73,617      |                |                  | 73,617         |  |   | 8/1/2022  |
|                               | Ainsly, Inc. Subtotal ** ^       |  |                           |  |                |  |                   |  |                         |  | 475,422     |                  |            | 456,034     |                |                  | 456,034        |  |   |                   |
|                               | iZENEtech, Inc. ** ^             |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 4,649,564   |                  |            | 4,449,109   |                |                  | 4,449,109      |  |   | 9/1/2024  |
|                               | Mantra Health, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,777     |                  |            | 458,710     |                |                  | 458,710        |  |   | 6/1/2024  |
|                               | 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  |
|                               | Osix Corporation                     |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 4,948,467   |                  |            | 4,694,637   |                |                  | 4,694,637      |  |   | 8/1/2024  |
|                               | Pixalate, Inc.                       |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 5,934,796   |                  |            | 5,384,024   |                |                  | 5,384,024      |  |   | 4/1/2025  |
|                               | Proper Labs, Inc.                    |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 1,484,519   |                  |            | 1,375,854   |                |                  | 1,375,854      |  |   | 11/1/2024 |
|                               | RenoFi, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 157,216     |                  |            | 155,178     |                |                  | 155,178        |  |   | 6/1/2023  |

----

|                       |                                       |  |                           |  |                |  |                   |  |                         |  |                  |                  |           |                 |                |                  |                     |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|---------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------------|------------------|-----------|-----------------|----------------|------------------|---------------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry              | Borrower                              |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal        |                  | Cost      |                 | Fair Value (d) |                  | Final Maturity Date |
|                       | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 157,130     |                  |           | 150,858    |                |                  | 150,858        |  |   | 6/1/2023  |
|                       | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 814,310     |                  |           | 791,720    |                |                  | 791,720        |  |   | 12/1/2023 |
|                       | RenoFi, Inc. Subtotal                 |  |                           |  |                |  |                   |  |                         |  | 1,128,656   |                  |           | 1,097,756  |                |                  | 1,097,756      |  |   |                   |
|                       | Residently USA, LLC ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 498,522     |                  |           | 470,265    |                |                  | 470,265        |  |   | 2/1/2023  |
|                       | Residently USA, LLC ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 305,431     |                  |           | 305,431    |                |                  | 305,431        |  |   | 12/1/2023 |
|                       | Residently USA, LLC Subtotal ** ^ |  |                           |  |                |  |                   |  |                         |  | 803,953     |                  |           | 775,696    |                |                  | 775,696        |  |   |                   |
|                       | RetailerX, Inc.                       |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,978,517   |                  |           | 1,889,440  |                |                  | 1,889,440      |  |   | 2/1/2025  |
|                       | RetailerX, Inc.                       |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 960,287     |                  |           | 923,491    |                |                  | 923,491        |  |   | 5/1/2024  |
|                       | RetailerX, Inc. Subtotal              |  |                           |  |                |  |                   |  |                         |  | 2,938,804   |                  |           | 2,812,931  |                |                  | 2,812,931      |  |   |                   |
|                       | Serface Care, Inc.                    |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 597,411     |                  |           | 433,243    |                |                  | 36,200         |  |   | *                 |
|                       | Shadow, PBC                           |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 331,399     |                  |           | 310,681    |                |                  | —        |  |   | *                 |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 783,946     |                  |           | 752,446    |                |                  | 752,446        |  |   | 11/1/2023 |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 990,265     |                  |           | 971,780    |                |                  | 971,780        |  |   | 10/1/2024 |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 422,046     |                  |           | 415,242    |                |                  | 415,242        |  |   | 1/1/2024  |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 2,474,163   |                  |           | 2,359,716  |                |                  | 2,359,716      |  |   | 10/1/2024 |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 990,476     |                  |           | 970,472    |                |                  | 970,472        |  |   | 10/1/2024 |
|                       | Starface World, Inc. Subtotal         |  |                           |  |                |  |                   |  |                         |  | 5,660,896   |                  |           | 5,469,656  |                |                  | 5,469,656      |  |   |                   |
|                       | Stay Alfred, Inc.                     |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 5,675,613   |                  |           | 4,162,117  |                |                  | 404,583        |  |   | *                 |
|                       | Usual Beverage Co.                    |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,967,292   |                  |           | 2,850,880  |                |                  | 2,850,880      |  |   | 9/1/2024  |
|                       | 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        |                                       |  | 20.1%                     |  |                |  |                   |  |                         |  | $                | 54,869,673  |           |                 | $              | 50,625,983  |                     |  | $ | 46,160,725   |  |  |                  |
|                       |                                       |  |                           |  |                |  |                   |  |                         |  |                  |                  |           |                 |                |                  |                     |
| Medical Devices       |                                       |  |                           |  |                |  |                   |  |                         |  |                  |                  |           |                 |                |                  |                     |
|                       | 3D Bio Holdings, Inc.                 |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | $                | 1,806,873   |           |                 | $              | 1,694,218   |                     |  | $ | 1,694,218    |  |  | 3/1/2024 |
|                       | Ablacon, Inc.                         |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,321,869   |                  |           | 1,291,586  |                |                  | 1,291,586      |  |   | 3/1/2023  |
|                       | Ablacon, Inc.                         |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,322,356   |                  |           | 1,311,100  |                |                  | 1,311,100      |  |   | 3/1/2023  |
|                       | Ablacon, Inc. Subtotal                |  |                           |  |                |  |                   |  |                         |  | 2,644,225   |                  |           | 2,602,686  |                |                  | 2,602,686      |  |   |                   |
|                       |                                       |  |                           |  |                |  |                   |  |                         |  |                  |                  |           |                 |                |                  |                     |
|                       |                                       |  |                           |  |                |  |                   |  |                         |  |                  |                  |           |                 |                |                  |                     |
|                       | Anutra Medical, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 90,784      |                  |           | 89,282     |                |                  | 89,282         |  |   | 10/1/2022 |
|                       | Anutra Medical, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 643,231     |                  |           | 611,529    |                |                  | 611,529        |  |   | 7/1/2024  |
|                       | Anutra Medical, Inc. Subtotal         |  |                           |  |                |  |                   |  |                         |  | 734,015     |                  |           | 700,811    |                |                  | 700,811        |  |   |                   |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 361,456     |                  |           | 357,071    |                |                  | 357,071        |  |   | 11/1/2023 |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,977,671   |                  |           | 1,897,985  |                |                  | 1,897,985      |  |   | 9/1/2024  |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 64,961      |                  |           | 64,412     |                |                  | 64,412         |  |   | 3/1/2022  |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 989,063     |                  |           | 967,945    |                |                  | 967,945        |  |   | 11/1/2024 |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 347,288     |                  |           | 335,948    |                |                  | 335,948        |  |   | 10/1/2023 |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 118,901     |                  |           | 118,390    |                |                  | 118,390        |  |   | 7/1/2022  |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 128,023     |                  |           | 127,542    |                |                  | 127,542        |  |   | 6/1/2022  |
|                       | CytoVale, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 3,987,363   |                  |           | 3,869,293  |                |                  | 3,869,293      |  |   |                   |
|                       | eXo Imaging, Inc.                     |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,444,176   |                  |           | 1,379,677  |                |                  | 1,379,677      |  |   | 9/1/2023  |
|                       | eXo Imaging, Inc.                     |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,445,467   |                  |           | 1,425,130  |                |                  | 1,425,130      |  |   | 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        |  |   | *                 |
|                       | Norbert Health, Inc.                  |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 989,165     |                  |           | 902,830    |                |                  | 902,830        |  |   | 6/1/2024  |
|                       | Siren Care, Inc.                      |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 754,310     |                  |           | 744,906    |                |                  | 744,906        |  |   | 10/1/2023 |
|                       | Siren Care, Inc.                      |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 1,508,243   |                  |           | 1,463,777  |                |                  | 1,463,777      |  |   | 10/1/2023 |
|                       | Siren Care, Inc. Subtotal             |  |                           |  |                |  |                   |  |                         |  | 2,262,553   |                  |           | 2,208,683  |                |                  | 2,208,683      |  |   |                   |
|                       | SVN Med, LLC                          |  |                           |  | Senior Secured |  | 15.0%             |  |                         |  | 1,633,790        |                  | 1,393,028 |                 | 1,393,028      |                  | 12/1/2023   |
|                       | SVN Med, LLC                          |  |                           |  | Senior Secured |  | 15.0%             |  |                         |  | 817,104          |                  | 693,026   |                 | 693,026        |                  | 12/1/2023   |
|                       | SVN Med, LLC Subtotal                 |  |                           |  |                |  |                   |  |                         |  | 2,450,894   |                  |           | 2,086,054  |                |                  | 2,086,054      |  |   |                   |
| Medical Devices Total |                                       |  | 7.7%                      |  |                |  |                   |  |                         |  | $                | 27,764,731  |           |                 | $              | 25,724,485  |                     |  | $ | 17,834,282   |  |  |                  |
|                       |                                       |  |                           |  |                |  |                   |  |                         |  |                  |                  |           |                 |                |                  |                     |

----

|                        |                                |  |                           |  |                |  |                   |  |                         |  |                 |                  |         |                 |                |                  |                     |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|--------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|-----------------|------------------|---------|-----------------|----------------|------------------|---------------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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 Healthcare       |                                |  |                           |  |                |  |                   |  |                         |  |                 |                  |         |                 |                |                  |                     |
|                        | Alchera Incorporated           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | $               | 1,483,900   |         |                 | $              | 1,326,776   |                     |  | $ | 1,326,776    |  |  | 7/1/2024 |
|                        | Alchera Incorporated           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,470,500  |                  |         | 1,409,173  |                |                  | 1,409,173      |  |   | 4/1/2025  |
|                        | Alchera Incorporated Subtotal  |  |                           |  |                |  |                   |  |                         |  | 2,954,400  |                  |         | 2,735,949  |                |                  | 2,735,949      |  |   |                   |
|                        | Artisan Development Labs, Inc. |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 282,447    |                  |         | 260,582    |                |                  | 260,582        |  |   | 4/1/2023  |
|                        | Elysium Health, Inc.           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 7,420,231  |                  |         | 6,722,807  |                |                  | 6,722,807      |  |   | 2/1/2025  |
|                        | GoForward, Inc.                |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 4,507,323  |                  |         | 4,304,301  |                |                  | 4,304,301      |  |   | 9/1/2023  |
|                        | GoForward, Inc.                |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 3,091,343  |                  |         | 3,036,842  |                |                  | 3,036,842      |  |   | 6/1/2024  |
|                        | GoForward, Inc. Subtotal       |  |                           |  |                |  |                   |  |                         |  | 7,598,666  |                  |         | 7,341,143  |                |                  | 7,341,143      |  |   |                   |
|                        | Grayce, Inc.                   |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 990,011    |                  |         | 932,249    |                |                  | 932,249        |  |   | 9/1/2024  |
|                        | Grayce, Inc.                   |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 494,614    |                  |         | 483,462    |                |                  | 483,462        |  |   | 12/1/2024 |
|                        | Grayce, Inc. Subtotal          |  |                           |  |                |  |                   |  |                         |  | 1,484,625  |                  |         | 1,415,711  |                |                  | 1,415,711      |  |   |                   |
|                        | Hello Heart Inc.               |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,979,629  |                  |         | 1,946,247  |                |                  | 1,946,247      |  |   | 6/1/2025  |
|                        | Hello Heart Inc.               |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,979,629  |                  |         | 1,868,531  |                |                  | 1,868,531      |  |   | 6/1/2024  |
|                        | 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      |  |                           |  |                |  |                   |  |                         |  | 5,809,708  |                  |         | 5,636,646  |                |                  | 5,636,646      |  |   |                   |
|                        | Honeybee Health, Inc.          |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 990,031    |                  |         | 898,914    |                |                  | 898,914        |  |   | 6/1/2024  |
|                        | Honeybee Health, Inc.          |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,980,553  |                  |         | 1,980,553  |                |                  | 1,980,553      |  |   | 6/1/2024  |
|                        | Honeybee Health, Inc. Subtotal |  |                           |  |                |  |                   |  |                         |  | 2,970,584  |                  |         | 2,879,467  |                |                  | 2,879,467      |  |   |                   |
|                        | HumanAPI, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,175,103  |                  |         | 1,145,778  |                |                  | 1,145,778      |  |   | 7/1/2023  |
|                        | HumanAPI, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,979,202  |                  |         | 1,877,319  |                |                  | 1,877,319      |  |   | 8/1/2024  |
|                        | HumanAPI, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 990,180    |                  |         | 961,832    |                |                  | 961,832        |  |   | 2/1/2025  |
|                        | HumanAPI, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 4,144,485  |                  |         | 3,984,929  |                |                  | 3,984,929      |  |   |                   |
|                        | Minded, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,978,973  |                  |         | 1,865,771  |                |                  | 1,865,771      |  |   | 12/1/2024 |
|                        | Oula Heath, Inc.               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 346,309    |                  |         | 340,210    |                |                  | 340,210        |  |   | 7/1/2024  |
|                        | Oula Heath, Inc.               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 655,346    |                  |         | 623,750    |                |                  | 623,750        |  |   | 2/1/2024  |
|                        | Oula Heath, Inc. Subtotal      |  |                           |  |                |  |                   |  |                         |  | 1,001,655  |                  |         | 963,960    |                |                  | 963,960        |  |   |                   |
|                        | PeerWell, Inc.                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 902,629    |                  |         | 860,003    |                |                  | 860,003        |  |   | 3/1/2024  |
|                        | SchoolCare, Inc.               |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 395,761         |                  | 388,046 |                 | 82,551         |                  | *                   |
|                        | Therapydia, Inc.               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,637         |                  | 434,026 |                 | 434,026        |                  | 4/1/2025    |
|                        | Therapydia, Inc.               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,944    |                  |         | 480,199    |                |                  | 480,199        |  |   | 10/1/2025 |
|                        | Therapydia, Inc.               |  |                           |  | Senior Secured |  | 12.0%             |  | 1.7%                    |  | 58,588     |                  |         | 56,636     |                |                  | 56,636         |  |   | 3/1/2023  |
|                        | Therapydia, Inc.               |  |                           |  | Senior Secured |  | 12.5%             |  | 1.7%                    |  | 68,858     |                  |         | 68,858     |                |                  | 68,858         |  |   | 6/1/2023  |
|                        | Therapydia, Inc. Subtotal      |  |                           |  |                |  |                   |  |                         |  | 1,117,027  |                  |         | 1,039,719  |                |                  | 1,039,719      |  |   |                   |
|                        | Tia, Inc.                      |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,920,749  |                  |         | 1,754,268  |                |                  | 1,754,268      |  |   | 5/1/2024  |
|                        | Tia, Inc.                      |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 2,473,240  |                  |         | 2,432,270  |                |                  | 2,432,270      |  |   | 9/1/2024  |
|                        | Tia, Inc. Subtotal             |  |                           |  |                |  |                   |  |                         |  | 4,393,989  |                  |         | 4,186,538  |                |                  | 4,186,538      |  |   |                   |
|                        | Vessel Health, Inc.            |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 564,189    |                  |         | 564,189    |                |                  | 564,189        |  |   | 3/1/2024  |
|                        | Vessel Health, Inc.            |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 564,106    |                  |         | 532,069    |                |                  | 532,069        |  |   | 3/1/2024  |
|                        | Vessel Health, Inc. Subtotal   |  |                           |  |                |  |                   |  |                         |  | 1,128,295  |                  |         | 1,096,258  |                |                  | 1,096,258      |  |   |                   |
|                        | Yes Health, Inc.               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 989,613    |                  |         | 930,838    |                |                  | 930,838        |  |   | 10/1/2024 |
| Other Healthcare Total |                                |  | 18.2%                     |  |                |  |                   |  |                         |  | $               | 44,573,088  |         |                 | $              | 42,308,367  |                     |  | $ | 42,002,872   |  |  |                  |
|                        |                                |  |                           |  |                |  |                   |  |                         |  |                 |                  |         |                 |                |                  |                     |
| Other Technology       |                                |  |                           |  |                |  |                   |  |                         |  |                 |                  |         |                 |                |                  |                     |
|                        | 8E14 Networks, Inc.            |  |                           |  | Senior Secured |  | 13.0%             |  |                         |  | $               | 217,430     |         |                 | $              | 176,828     |                     |  | $ | 176,828      |  |  | 9/1/2023 |
|                        | 8E14 Networks, Inc.            |  |                           |  | Senior Secured |  | 13.0%             |  |                         |  | 244,666    |                  |         | 244,666    |                |                  | 244,666        |  |   | 12/1/2023 |
|                        | 8E14 Networks, Inc.            |  |                           |  | Senior Secured |  | 13.0%             |  |                         |  | 593,274    |                  |         | 593,274    |                |                  | 593,274        |  |   | 9/1/2024  |
|                        | 8E14 Networks, Inc. Subtotal   |  |                           |  |                |  |                   |  |                         |  | 1,055,370  |                  |         | 1,014,768  |                |                  | 1,014,768      |  |   |                   |
|                        | 8i Corporation                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,221,610  |                  |         | 1,171,343  |                |                  | 1,171,343      |  |   | 12/1/2023 |
|                        | 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 |  | 12.0%             |  |                         |  | 814,262    |  |      | 738,781    |                |  | 692,140        |  |  | 12/1/2023 |
|          | Antitoxin Technologies Inc. ** ^          |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 163,653    |  |      | 160,030    |                |  | 151,726        |  |  | 9/1/2022  |
|          | Antitoxin Technologies Inc. Subtotal ** ^ |  |                           |  |                |  |                   |  |                         |  | 977,915    |  |      | 898,811    |                |  | 843,866        |  |  |                   |
|          | ATeam Army, Inc.                              |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 705,214    |  |      | 684,917    |                |  | 684,917        |  |  | 4/1/2023  |
|          | Bankroll Club, LLC                            |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,484,693  |  |      | 1,263,475  |                |  | 1,263,475      |  |  | 4/1/2025  |
|          | Bankroll Club, LLC                            |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,483,500  |  |      | 1,483,500  |                |  | 1,483,500      |  |  | 4/1/2025  |
|          | Bankroll Club, LLC Subtotal                   |  |                           |  |                |  |                   |  |                         |  | 2,968,193  |  |      | 2,746,975  |                |  | 2,746,975      |  |  |                   |
|          | Beanfields, PBC                               |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 1,126,232  |  |      | 1,136,604  |                |  | 1,005,227      |  |  | *                 |
|          | 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      |  |  |                   |
|          | Brave Care Technologies, Inc.                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,226,032  |  |      | 2,078,142  |                |  | 2,078,142      |  |  | 9/1/2024  |
|          | Brightside Benefit, Inc.                      |  |                           |  | Senior Secured |  | 12.1%             |  |                         |  | 211,297    |  |      | 207,383    |                |  | 207,383        |  |  | 9/1/2022  |
|          | Brightside Benefit, Inc.                      |  |                           |  | Senior Secured |  | 12.4%             |  |                         |  | 456,660    |  |      | 453,272    |                |  | 453,272        |  |  | 3/1/2023  |
|          | Brightside Benefit, Inc. Subtotal             |  |                           |  |                |  |                   |  |                         |  | 667,957    |  |      | 660,655    |                |  | 660,655        |  |  |                   |
|          | Bryte, Inc.                                   |  |                           |  | Senior Secured |  | 10.0%             |  |                         |  | 2,478,976  |  |      | 2,295,843  |                |  | 2,295,843      |  |  | 4/1/2025  |
|          | 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      |  |  |                   |
|          | Candy Club Holdings, Inc. **                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,474,741  |  |      | 2,474,741  |                |  | 2,474,741      |  |  | 5/1/2025  |
|          | Candy Club Holdings, Inc. **                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 4,945,712  |  |      | 3,938,353  |                |  | 3,938,353      |  |  | 10/1/2024 |
|          | Candy Club Holdings, Inc. Subtotal **         |  |                           |  |                |  |                   |  |                         |  | 7,420,453  |  |      | 6,413,094  |                |  | 6,413,094      |  |  |                   |
|          | Ceres Imaging, Inc.                           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,979,769  |  |      | 1,796,975  |                |  | 1,796,975      |  |  | 4/1/2025  |
|          | ClipCall, Inc.                                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 377,537    |  |      | 347,225    |                |  | 347,225        |  |  | 10/1/2023 |
|          | Content Adjacent, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,793    |  |      | 494,793    |                |  | 494,793        |  |  | 6/1/2024  |
|          | Content Adjacent, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,977,137  |  |      | 1,920,036  |                |  | 1,920,036      |  |  | 6/1/2024  |
|          | Content Adjacent, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 2,471,930  |  |      | 2,414,829  |                |  | 2,414,829      |  |  |                   |
|          | Coterie Applications, Inc.                    |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 2,476,651  |  |      | 2,240,496  |                |  | 2,240,496      |  |  | 9/1/2025  |
|          | Coterie Applications, Inc.                    |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 494,338    |  |      | 494,338    |                |  | 494,338        |  |  | 6/1/2024  |
|          | Coterie Applications, Inc.                    |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 723,625    |  |      | 671,265    |                |  | 671,265        |  |  | 9/1/2023  |
|          | Coterie Applications, Inc.                    |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 903,053    |  |      | 903,053    |                |  | 903,053        |  |  | 3/1/2024  |
|          | Coterie Applications, Inc. Subtotal           |  |                           |  |                |  |                   |  |                         |  | 4,597,667  |  |      | 4,309,152  |                |  | 4,309,152      |  |  |                   |
|          | Daybase, Inc.                                 |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 989,639    |  |      | 908,021    |                |  | 908,021        |  |  | 9/1/2024  |
|          | Equestrian Labs, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,483,577  |  |      | 1,398,054  |                |  | 1,234,057      |  |  | 6/1/2024  |
|          | Equestrian Labs, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 742,341    |  |      | 725,469    |                |  | 640,369        |  |  | 6/1/2024  |
|          | Equestrian Labs, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 742,058    |  |      | 727,787    |                |  | 642,415        |  |  | 6/1/2024  |
|          | Equestrian Labs, Inc. Subtotal                |  |                           |  |                |  |                   |  |                         |  | 2,967,976  |  |      | 2,851,310  |                |  | 2,516,841      |  |  |                   |
|          | Fakespot, Inc.                                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,493    |  |      | 447,448    |                |  | 447,448        |  |  | 8/1/2024  |
|          | Fakespot, Inc.                                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 989,486    |  |      | 972,163    |                |  | 972,163        |  |  | 8/1/2024  |
|          | Fakespot, Inc. Subtotal                       |  |                           |  |                |  |                   |  |                         |  | 1,483,979  |  |      | 1,419,611  |                |  | 1,419,611      |  |  |                   |
|          | 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 |
|          | Hadrian Automation, Inc.                      |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 2,722,876  |  |      | 2,583,157  |                |  | 2,583,157      |  |  | 2/1/2025  |
|          | Higher Ground Education, Inc.                 |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 4,942,636  |  |      | 4,742,950  |                |  | 4,742,950      |  |  | 2/1/2025  |
|          | 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%             |  |                         |  | 781,981    |  |      | 775,361    |                |  | 775,361        |  |  | 4/1/2023  |
|          | Higher Ground Education, Inc.                 |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 1,075,086  |  |      | 1,050,104  |                |  | 1,050,104      |  |  | 1/1/2023  |

----

|          |                                          |  |                           |  |                |  |                   |  |                         |  |                  |  |           |                  |                |  |                     |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------|------------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------------|--|-----------|------------------|----------------|--|---------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry | Borrower                                 |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal        |  | Cost      |                  | Fair Value (d) |  | Final Maturity Date |
|          | Higher Ground Education, Inc.            |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 319,321     |  |           | 316,022     |                |  | 316,022        |  |  | 8/1/2023  |
|          | Higher Ground Education, Inc.            |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 6,923,164   |  |           | 6,611,952   |                |  | 6,611,952      |  |  | 6/1/2025  |
|          | Higher Ground Education, Inc. Subtotal   |  |                           |  |                |  |                   |  |                         |  | 14,317,755  |  |           | 13,769,453  |                |  | 13,769,453     |  |  |                   |
|          | Hint, Inc.                               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 3,440,711   |  |           | 3,234,998   |                |  | 3,234,998      |  |  | 6/1/2023  |
|          | Hyphen Technologies, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,473,894   |  |           | 2,330,578   |                |  | 2,330,578      |  |  | 7/1/2024  |
|          | Inscopix, Inc.                           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 4,946,375   |  |           | 4,826,097   |                |  | 4,826,097      |  |  | 4/1/2025  |
|          | Intergalactic Foods Corporation          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,826     |  |           | 464,110     |                |  | 464,110        |  |  | 1/1/2025  |
|          | Invert Robotics Group, Ltd. ** ^     |  |                           |  | Senior Secured |  | 13.0%             |  |                         |  | 1,978,043   |  |           | 1,769,078   |                |  | 1,769,078      |  |  | 1/1/2025  |
|          | Jiko Group, Inc.                         |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,200,833   |  |           | 2,142,294   |                |  | 2,142,294      |  |  | 6/1/2023  |
|          | Kinoo, Inc.                              |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 990,167     |  |           | 921,525     |                |  | 921,525        |  |  | 1/1/2025  |
|          | Lacuna Technologies, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,484,897   |  |           | 1,347,463   |                |  | 1,347,463      |  |  | 5/1/2025  |
|          | Level Home, Inc.                         |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 9,898,880   |  |           | 9,735,057   |                |  | 9,735,057      |  |  | 2/1/2025  |
|          | Level Home, Inc.                         |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 9,895,966   |  |           | 9,267,817   |                |  | 9,267,817      |  |  | 5/1/2025  |
|          | Level Home, Inc. Subtotal                |  |                           |  |                |  |                   |  |                         |  | 19,794,846  |  |           | 19,002,874  |                |  | 19,002,874     |  |  |                   |
|          | Luva Inc.                                |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 495,238     |  |           | 459,320     |                |  | 459,320        |  |  | 12/1/2024 |
|          | Make School, Inc.                        |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 79,946      |  |           | 45,838      |                |  | 19,536         |  |  | *                 |
|          | MASC Inc.                                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,854     |  |           | 426,580     |                |  | 426,580        |  |  | 9/1/2024  |
|          | Mavenform, Inc.                          |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 494,974     |  |           | 484,719     |                |  | 484,719        |  |  | 6/1/2025  |
|          | Mavenform, Inc.                          |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 989,298     |  |           | 947,765     |                |  | 947,765        |  |  | 6/1/2024  |
|          | Mavenform, Inc. Subtotal                 |  |                           |  |                |  |                   |  |                         |  | 1,484,272   |  |           | 1,432,484   |                |  | 1,432,484      |  |  |                   |
|          | Merlin Labs, Inc.                        |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 115,653     |  |           | 114,777     |                |  | 114,777        |  |  | 1/1/2023  |
|          | Merlin Labs, Inc.                        |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 2,971,743   |  |           | 2,810,122   |                |  | 2,810,122      |  |  | 6/1/2025  |
|          | Merlin Labs, Inc.                        |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 110,140     |  |           | 109,024     |                |  | 109,024        |  |  | 6/1/2022  |
|          | Merlin Labs, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 3,197,536   |  |           | 3,033,923   |                |  | 3,033,923      |  |  |                   |
|          | MinoMonsters, Inc. ** ^              |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 2,474,886        |  | 2,387,475 |                  | 2,387,475      |  | 10/1/2024   |
|          | Momentus, Inc. **                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 24,726,579  |  |           | 22,774,001  |                |  | 22,774,001     |  |  | 3/1/2022  |
|          | Natomas Labs, Inc.                       |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 2,473,076   |  |           | 2,310,655   |                |  | 2,310,655      |  |  | 9/1/2024  |
|          | Natomas Labs, Inc.                       |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 1,748,452   |  |           | 1,715,249   |                |  | 1,715,249      |  |  | 2/1/2024  |
|          | Natomas Labs, Inc.                       |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 2,621,376   |  |           | 2,492,372   |                |  | 2,492,372      |  |  | 2/1/2024  |
|          | Natomas Labs, Inc.                       |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 1,484,049   |  |           | 1,450,349   |                |  | 1,450,349      |  |  | 9/1/2024  |
|          | Natomas Labs, Inc. Subtotal              |  |                           |  |                |  |                   |  |                         |  | 8,326,953   |  |           | 7,968,625   |                |  | 7,968,625      |  |  |                   |
|          | NewGlobe Schools, Inc. ** ^          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 4,073,677   |  |           | 4,012,576   |                |  | 4,012,576      |  |  | 12/1/2023 |
|          | 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 ** ^ |  |                           |  |                |  |                   |  |                         |  | 7,674,050   |  |           | 7,535,768   |                |  | 7,535,768      |  |  |                   |
|          | Noteleaf, Inc.                           |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 2,277,124   |  |           | 1,861,011   |                |  | 309,063        |  |  | *                 |
|          | OnePointOne, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,748,153   |  |           | 1,715,659   |                |  | 1,715,659      |  |  | 2/1/2024  |
|          | OnePointOne, Inc.                        |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,747,224        |  | 1,650,931 |                  | 1,650,931      |  | 2/1/2024    |
|          | OnePointOne, Inc. Subtotal               |  |                           |  |                |  |                   |  |                         |  | 3,495,377   |  |           | 3,366,590   |                |  | 3,366,590      |  |  |                   |
|          | Opya, Inc.                               |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 480,293     |  |           | 466,077     |                |  | 466,077        |  |  | 11/1/2023 |
|          | Percepto, Inc.                           |  |                           |  | Senior Secured |  | 12.2%             |  |                         |  | 879,619     |  |           | 856,749     |                |  | 856,749        |  |  | 4/1/2023  |
|          | Phase Four, Inc.                         |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 1,485,295   |  |           | 1,388,478   |                |  | 1,388,478      |  |  | 12/1/2024 |
|          | Plant Prefab, Inc.                       |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 306,696     |  |           | 300,902     |                |  | 300,902        |  |  | 8/1/2022  |
|          | Plant Prefab, Inc.                       |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 2,971,403   |  |           | 2,786,656   |                |  | 2,786,656      |  |  | 8/1/2024  |
|          | Plant Prefab, Inc.                       |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,981,660   |  |           | 1,934,305   |                |  | 1,934,305      |  |  | 11/1/2024 |
|          | Plant Prefab, Inc. Subtotal              |  |                           |  |                |  |                   |  |                         |  | 5,259,759   |  |           | 5,021,863   |                |  | 5,021,863      |  |  |                   |
|          | Platform Science, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 94,426      |  |           | 93,729      |                |  | 93,729         |  |  | 2/1/2022  |
|          | Platform Science, Inc.                   |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 3,011,412   |  |           | 2,917,289   |                |  | 2,917,289      |  |  | 10/1/2023 |
|          | Platform Science, Inc. Subtotal          |  |                           |  |                |  |                   |  |                         |  | 3,105,838   |  |           | 3,011,018   |                |  | 3,011,018      |  |  |                   |
|          | Plethora, Inc.                           |  |                           |  | Senior Secured |  | 18.0%             |  |                         |  | 2,281,576   |  |           | 2,211,796   |                |  | 507,589        |  |  | *                 |
|          | Privoro Holdings, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,718,533   |  |           | 1,638,692   |                |  | 1,638,692      |  |  | 4/1/2024  |

----

|                        |                                           |  |                           |  |                |  |                   |  |                         |  |                  |                   |      |                  |                |                   |                     |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|-------------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------------|-------------------|------|------------------|----------------|-------------------|---------------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry               | Borrower                                  |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal        |                   | Cost |                  | Fair Value (d) |                   | Final Maturity Date |
|                        | Reali Inc.                                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,894,499   |                   |      | 2,812,255   |                |                   | 2,812,255      |  |   | 9/1/2023  |
|                        | Reali Inc.                                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 11,870,649  |                   |      | 11,366,149  |                |                   | 11,366,149     |  |   | 12/1/2024 |
|                        | Reali Inc.                                |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,709,730   |                   |      | 2,602,399   |                |                   | 2,602,399      |  |   | 3/1/2024  |
|                        | Reali Inc. Subtotal                       |  |                           |  |                |  |                   |  |                         |  | 17,474,878  |                   |      | 16,780,803  |                |                   | 16,780,803     |  |   |                   |
|                        | 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  |
|                        | Setex Technologies, Inc.                  |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 1,236,308   |                   |      | 1,109,408   |                |                   | 1,109,408      |  |   | 8/1/2024  |
|                        | SMS OPCO LLC                              |  |                           |  | Senior Secured |  | 8.0%              |  |                         |  | 33,875      |                   |      | 15,125      |                |                   | 15,125         |  |   | *                 |
|                        | Sorfeo Inc.                               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 989,918     |                   |      | 981,903     |                |                   | 981,903        |  |   | 9/1/2024  |
|                        | Sustainable Living Partners, LLC          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,971,313   |                   |      | 2,758,178   |                |                   | 2,758,178      |  |   | 8/1/2023  |
|                        | Sustainable Living Partners, LLC          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 9,892,044   |                   |      | 8,598,175   |                |                   | 8,598,175      |  |   | 9/1/2025  |
|                        | Sustainable Living Partners, LLC Subtotal |  |                           |  |                |  |                   |  |                         |  | 12,863,357  |                   |      | 11,356,353  |                |                   | 11,356,353     |  |   |                   |
|                        | The Farm Project, PBC.                    |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 3,926,667   |                   |      | 3,714,785   |                |                   | 3,714,785      |  |   | 1/1/2025  |
|                        | The Safe and Fair Food Company LLC        |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 2,471,977   |                   |      | 2,204,367   |                |                   | 2,204,367      |  |   | 9/1/2024  |
|                        | TomoCredit, Inc.                          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 289,608     |                   |      | 289,608     |                |                   | 289,608        |  |   | 9/1/2023  |
|                        | TomoCredit, Inc.                          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 434,205     |                   |      | 409,659     |                |                   | 409,659        |  |   | 9/1/2023  |
|                        | TomoCredit, Inc. Subtotal                 |  |                           |  |                |  |                   |  |                         |  | 723,813     |                   |      | 699,267     |                |                   | 699,267        |  |   |                   |
|                        | Umbra Lab, Inc.                           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 4,944,750   |                   |      | 4,799,256   |                |                   | 4,799,256      |  |   | 6/1/2024  |
|                        | Umbra Lab, Inc.                           |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 4,946,551   |                   |      | 4,781,591   |                |                   | 4,781,591      |  |   | 6/1/2024  |
|                        | Umbra Lab, Inc. Subtotal                  |  |                           |  |                |  |                   |  |                         |  | 9,891,301   |                   |      | 9,580,847   |                |                   | 9,580,847      |  |   |                   |
|                        | 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%             |  |                         |  | 19,779,528  |                   |      | 18,948,019  |                |                   | 18,948,019     |  |   | 12/1/2024 |
|                        | Veev Group, Inc.                          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 786,775     |                   |      | 740,586     |                |                   | 740,586        |  |   | 6/1/2023  |
|                        | Veev Group, Inc. Subtotal                 |  |                           |  |                |  |                   |  |                         |  | 22,927,125  |                   |      | 22,025,930  |                |                   | 22,025,930     |  |   |                   |
|                        | 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  |
|                        | World Wrapps II, Inc.                     |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 480,319     |                   |      | 480,319     |                |                   | 480,319        |  |   | 6/1/2024  |
|                        | World Wrapps II, Inc.                     |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,453     |                   |      | 494,453     |                |                   | 494,453        |  |   | 6/1/2024  |
|                        | World Wrapps II, Inc.                     |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 494,418     |                   |      | 394,196     |                |                   | 394,196        |  |   | 6/1/2024  |
|                        | World Wrapps II, Inc. Subtotal            |  |                           |  |                |  |                   |  |                         |  | 1,469,190   |                   |      | 1,368,968   |                |                   | 1,368,968      |  |   |                   |
| Other Technology Total |                                           |  | 102.7%                    |  |                |  |                   |  |                         |  | $                | 255,168,933  |      |                  | $              | 240,678,546  |                     |  | $ | 236,458,989  |  |  |                  |
|                        |                                           |  |                           |  |                |  |                   |  |                         |  |                  |                   |      |                  |                |                   |                     |
| Security               |                                           |  |                           |  |                |  |                   |  |                         |  |                  |                   |      |                  |                |                   |                     |
|                        | Lassen Peak, Inc.                         |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | $                | 371,530      |      |                  | $              | 347,750      |                     |  | $ | 347,750      |  |  | 8/1/2024 |
|                        | Nok Nok Labs, Inc.                        |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 191,326     |                   |      | 190,411     |                |                   | 190,411        |  |   | 6/1/2022  |
|                        | Popily, Inc.                              |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 2,036,717   |                   |      | 1,852,544   |                |                   | 1,852,544      |  |   | 8/1/2024  |
| Security Total         |                                           |  | 1.0%                      |  |                |  |                   |  |                         |  | $                | 2,599,573    |      |                  | $              | 2,390,705    |                     |  | $ | 2,390,705    |  |  |                  |
|                        |                                           |  |                           |  |                |  |                   |  |                         |  |                  |                   |      |                  |                |                   |                     |
| Software               |                                           |  |                           |  |                |  |                   |  |                         |  |                  |                   |      |                  |                |                   |                     |
|                        | Afero, Inc.                               |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | $                | 2,110,745    |      |                  | $              | 1,925,141    |                     |  | $ | 1,925,141    |  |  | 1/1/2024 |
|                        | Amino, Inc.                               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 8,910,784   |                   |      | 8,465,259   |                |                   | 8,465,259      |  |   | 2/1/2025  |
|                        | BackboneAI Inc.                           |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 314,742     |                   |      | 310,330     |                |                   | 310,330        |  |   | 6/1/2023  |
|                        | BackboneAI Inc.                           |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 480,420     |                   |      | 471,361     |                |                   | 471,361        |  |   | 5/1/2024  |
|                        | BackboneAI Inc.                           |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 314,588     |                   |      | 290,514     |                |                   | 290,514        |  |   | 6/1/2023  |
|                        | BackboneAI Inc. Subtotal                  |  |                           |  |                |  |                   |  |                         |  | 1,109,750   |                   |      | 1,072,205   |                |                   | 1,072,205      |  |   |                   |
|                        | Big Run Studios, Inc.                     |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 1,979,680   |                   |      | 1,870,020   |                |                   | 1,870,020      |  |   | 8/1/2024  |
|                        | Big Run Studios, Inc.                     |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 990,230     |                   |      | 968,648     |                |                   | 968,648        |  |   | 12/1/2024 |
|                        | Big Run Studios, Inc. Subtotal            |  |                           |  |                |  |                   |  |                         |  | 2,969,910   |                   |      | 2,838,668   |                |                   | 2,838,668      |  |   |                   |
|                        | Bizly, Inc.                               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 346,312     |                   |      | 294,503     |                |                   | 294,503        |  |   | 12/1/2024 |
|                        | Bizly, Inc.                               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 296,956     |                   |      | 290,080     |                |                   | 290,080        |  |   | 12/1/2024 |
|                        | Bizly, Inc.                               |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 990,414     |                   |      | 953,972     |                |                   | 953,972        |  |   | 3/1/2025  |
|                        | Bizly, Inc. Subtotal                      |  |                           |  |                |  |                   |  |                         |  | 1,633,682   |                   |      | 1,538,555   |                |                   | 1,538,555      |  |   |                   |
|                        |                                           |  |                           |  |                |  |                   |  |                         |  |                  |                   |      |                  |                |                   |                     |

----

|                |                                  |  |                           |  |                |  |                   |  |                         |  |                 |                  |           |                 |                |                  |                     |  |   |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------|----------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|-----------------|------------------|-----------|-----------------|----------------|------------------|---------------------|--|---|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry       | Borrower                         |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate (b) |  | End of Term Payment (c) |  | Principal       |                  | Cost      |                 | Fair Value (d) |                  | Final Maturity Date |
|                |                                  |  |                           |  |                |  |                   |  |                         |  |                 |                  |           |                 |                |                  |                     |
|                | Blockdaemon, Inc.                |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 903,100         |                  | 861,263   |                 | 861,263        |                  | 3/1/2024    |
|                | Blockdaemon, Inc.                |  |                           |  | Senior Secured |  | 11.3%             |  |                         |  | 55,201     |                  |           | 54,707     |                |                  | 54,707         |  |   | 6/1/2022  |
|                | Blockdaemon, Inc. Subtotal       |  |                           |  |                |  |                   |  |                         |  | 958,301    |                  |           | 915,970    |                |                  | 915,970        |  |   |                   |
|                | BriteCo LLC                      |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 395,658    |                  |           | 342,857    |                |                  | 342,857        |  |   | 7/1/2024  |
|                | BriteCo LLC                      |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 346,461    |                  |           | 346,461    |                |                  | 346,461        |  |   | 2/1/2025  |
|                | BriteCo LLC Subtotal             |  |                           |  |                |  |                   |  |                         |  | 742,119    |                  |           | 689,318    |                |                  | 689,318        |  |   |                   |
|                | Censia Inc.                      |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 360,514    |                  |           | 353,690    |                |                  | 353,690        |  |   | 10/1/2022 |
|                | Chowbus, Inc.                    |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 989,944    |                  |           | 918,165    |                |                  | 918,165        |  |   | 11/1/2024 |
|                | Chowbus, Inc.                    |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 3,959,556  |                  |           | 3,303,025  |                |                  | 3,303,025      |  |   | 11/1/2024 |
|                | Chowbus, Inc. Subtotal           |  |                           |  |                |  |                   |  |                         |  | 4,949,500  |                  |           | 4,221,190  |                |                  | 4,221,190      |  |   |                   |
|                | 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  |
|                | Grokker, Inc.                    |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 989,743    |                  |           | 946,783    |                |                  | 946,783        |  |   | 3/1/2025  |
|                | ICX Media, Inc.                  |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 762,829    |                  |           | 651,140    |                |                  | 449,541        |  |   | *                 |
|                | 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      |  |   |                   |
|                | 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    |
|                | Pixlee TurnTo, Inc.              |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 1,266,162       |                  | 1,223,909 |                 | 1,223,909      |                  | 1/1/2024    |
|                | Pixlee TurnTo, Inc.              |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,226,752  |                  |           | 2,123,863  |                |                  | 2,123,863      |  |   | 8/1/2025  |
|                | Pixlee TurnTo, Inc. Subtotal     |  |                           |  |                |  |                   |  |                         |  | 3,492,914  |                  |           | 3,347,772  |                |                  | 3,347,772      |  |   |                   |
|                | Safe Securities Inc.             |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 249,200    |                  |           | 240,930    |                |                  | 240,930        |  |   | 2/1/2023  |
|                | Safe Securities Inc.             |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 5,941,379  |                  |           | 5,623,508  |                |                  | 5,623,508      |  |   | 9/1/2025  |
|                | Safe Securities Inc. Subtotal    |  |                           |  |                |  |                   |  |                         |  | 6,190,579  |                  |           | 5,864,438  |                |                  | 5,864,438      |  |   |                   |
|                | SF Insuretech, Inc.              |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 2,969,348  |                  |           | 2,821,808  |                |                  | 2,821,808      |  |   | 8/1/2024  |
|                | SmartVid.io, Inc.                |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 1,979,037  |                  |           | 1,783,763  |                |                  | 1,783,763      |  |   | 9/1/2024  |
|                | Sonatus, Inc                     |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 723,799    |                  |           | 663,896    |                |                  | 663,896        |  |   | 9/1/2023  |
|                | Splitwise, Inc.                  |  |                           |  | Senior Secured |  | 12.3%             |  |                         |  | 216,004    |                  |           | 212,084    |                |                  | 212,084        |  |   | 12/1/2022 |
|                | StayTuned Digital, Inc.          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 1,484,877       |                  | 1,473,861 |                 | 1,473,861      |                  | 2/1/2025    |
|                | StayTuned Digital, Inc.          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 283,336         |                  | 235,242   |                 | 235,242        |                  | 1/1/2025    |
|                | StayTuned Digital, Inc. Subtotal |  |                           |  |                |  |                   |  |                         |  | 1,768,213  |                  |           | 1,709,103  |                |                  | 1,709,103      |  |   |                   |
|                | Swiftly Systems, Inc.            |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 4,713,756       |                  | 4,077,467 |                 | 4,077,467      |                  | 10/1/2024   |
|                | Swiftly Systems, Inc.            |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 2,473,626       |                  | 2,364,621 |                 | 2,364,621      |                  | 1/1/2025    |
|                | Swiftly Systems, Inc. Subtotal   |  |                           |  |                |  |                   |  |                         |  | 7,187,382  |                  |           | 6,442,088  |                |                  | 6,442,088      |  |   |                   |
|                | Swivel, Inc.                     |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 83,680          |                  | 83,680    |                 | 83,680         |                  | 10/1/2022   |
|                | Swivel, Inc.                     |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 67,603          |                  | 66,233    |                 | 66,233         |                  | 8/1/2022    |
|                | Swivel, Inc. Subtotal            |  |                           |  |                |  |                   |  |                         |  | 151,283    |                  |           | 149,913    |                |                  | 149,913        |  |   |                   |
|                | Terragon, Inc. ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 480,496         |                  | 365,014   |                 | 365,014        |                  | 5/1/2024    |
|                | Trucking Jobs Technologies, Inc. |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 634,198         |                  | 584,969   |                 | 584,969        |                  | 7/1/2024    |
|                | Truthset, Inc.                   |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 185,411         |                  | 179,361   |                 | 179,361        |                  | 2/1/2023    |
|                | Truthset, Inc.                   |  |                           |  | Senior Secured |  | 10.5%             |  |                         |  | 222,283         |                  | 222,283   |                 | 222,283        |                  | 5/1/2023    |
|                | Truthset, Inc. Subtotal          |  |                           |  |                |  |                   |  |                         |  | 407,694    |                  |           | 401,644    |                |                  | 401,644        |  |   |                   |
|                | WorkRails, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 123,625         |                  | 120,527   |                 | 120,527        |                  | 3/1/2025    |
|                | WorkRails, Inc.                  |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 371,239         |                  | 339,771   |                 | 339,771        |                  | 2/1/2025    |
|                | WorkRails, Inc. Subtotal         |  |                           |  |                |  |                   |  |                         |  | 494,864    |                  |           | 460,298    |                |                  | 460,298        |  |   |                   |
|                | Workspot, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,352,623       |                  | 2,265,753 |                 | 2,265,753      |                  | 11/1/2023   |
|                | Workspot, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 220,008         |                  | 215,206   |                 | 215,206        |                  | 8/1/2022    |
|                | Workspot, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 272,328         |                  | 270,000   |                 | 270,000        |                  | 10/1/2022   |
|                | Workspot, Inc.                   |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 903,253         |                  | 864,056   |                 | 864,056        |                  | 3/1/2024    |
|                | Workspot, Inc. Subtotal          |  |                           |  |                |  |                   |  |                         |  | 3,748,212  |                  |           | 3,615,015  |                |                  | 3,615,015      |  |   |                   |
| Software Total |                                  |  | 24.6%                     |  |                |  |                   |  |                         |  | $               | 60,818,891  |           |                 | $              | 56,800,561  |                     |  | $ | 56,598,962   |  |  |  |

----

|                           |                                         |  |                           |  |                |  |                   |  |                         |  |                  |                   |           |                 |                |                   |                     |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|-----------------------------------------|--|---------------------------|--|----------------|--|-------------------|--|-------------------------|--|------------------|-------------------|-----------|-----------------|----------------|-------------------|---------------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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       |                                         |  |                           |  |                |  |                   |  |                         |  |                  |                   |           |                 |                |                   |                     |
|                           | iLearningEngines Inc.                   |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | $                | 1,980,078    |           |                 | $              | 1,874,081    |                     |  | $ | 1,874,081    |  |  | 1/1/2025 |
|                           | iLearningEngines Inc.                   |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 2,475,711        |                   | 735,489   |                 | 735,489        |                   | 10/1/2024   |
|                           | iLearningEngines Inc.                   |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 7,919,550        |                   | 7,244,078 |                 | 7,244,078      |                   | 6/1/2024    |
|                           | iLearningEngines Inc. Subtotal          |  |                           |  |                |  |                   |  |                         |  | 12,375,339  |                   |           | 9,853,648  |                |                   | 9,853,648      |  |   |                   |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 91,083           |                   | 84,354    |                 | 84,354         |                   | 10/1/2022   |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  | 3.0%                    |  | 2,487,279        |                   | 2,439,207 |                 | 2,439,207      |                   | 8/1/2024    |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 12.0%             |  |                         |  | 2,473,187        |                   | 2,327,776 |                 | 2,327,776      |                   | 6/1/2024    |
|                           | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 14.2%             |  | 4.0%                    |  | 171,136          |                   | 165,351   |                 | 165,351        |                   | 7/1/2023    |
|                           | Klar Holdings Limited Subtotal ** ^ |  |                           |  |                |  |                   |  |                         |  | 5,222,685   |                   |           | 5,016,688  |                |                   | 5,016,688      |  |   |                   |
|                           | 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 |  | 10.3%             |  |                         |  | 3,717,780        |                   | 3,467,958 |                 | 3,467,958      |                   | 2/1/2025    |
|                           | Loansnap Holdings Inc. **               |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 1,179,442        |                   | 1,145,802 |                 | 1,145,802      |                   | 12/1/2022   |
|                           | Loansnap Holdings Inc. Subtotal **      |  |                           |  |                |  |                   |  |                         |  | 4,897,222   |                   |           | 4,613,760  |                |                   | 4,613,760      |  |   |                   |
|                           | Riffyn, Inc.                            |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 1,746,666        |                   | 1,699,155 |                 | 1,699,155      |                   | 2/1/2024    |
|                           | Riffyn, Inc.                            |  |                           |  | Senior Secured |  | 11.5%             |  |                         |  | 1,864,230        |                   | 1,846,053 |                 | 1,846,053      |                   | 4/1/2024    |
|                           | Riffyn, Inc. Subtotal                   |  |                           |  |                |  |                   |  |                         |  | 3,610,896   |                   |           | 3,545,208  |                |                   | 3,545,208      |  |   |                   |
|                           | Zanbato, Inc.                           |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 2,522,754        |                   | 2,469,483 |                 | 2,469,483      |                   | 9/1/2023    |
|                           | Zeel Networks, Inc.                     |  |                           |  | Senior Secured |  | 11.0%             |  |                         |  | 2,004,362        |                   | 1,951,357 |                 | 1,916,763      |                   | 6/1/2024    |
| Technology Services Total |                                         |  | 12.1%                     |  |                |  |                   |  |                         |  | $                | 30,961,389   |           |                 | $              | 27,774,062   |                     |  | $ | 27,739,468   |  |  |                  |
|                           |                                         |  |                           |  |                |  |                   |  |                         |  |                  |                   |           |                 |                |                   |                     |
| Wireless                  |                                         |  |                           |  |                |  |                   |  |                         |  |                  |                   |           |                 |                |                   |                     |
|                           | AirVine Scientific, Inc.                |  |                           |  | Senior Secured |  | 10.8%             |  |                         |  | $                | 619,299      |           |                 | $              | 604,976      |                     |  | $ | 604,976      |  |  | 6/1/2024 |
|                           | 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.                |  |                           |  | Senior Secured |  | 10.8%             |  |                         |  | 618,987          |                   | 586,089   |                 | 586,089        |                   | 6/1/2024    |
|                           | AirVine Scientific, Inc. Subtotal       |  |                           |  |                |  |                   |  |                         |  | 1,320,414   |                   |           | 1,272,003  |                |                   | 1,272,003      |  |   |                   |
|                           |                                         |  |                           |  |                |  |                   |  |                         |  |                  |                   |           |                 |                |                   |                     |
|                           |                                         |  |                           |  |                |  |                   |  |                         |  |                  |                   |           |                 |                |                   |                     |
|                           | MeshPlusPlus, Inc.                      |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 677,531          |                   | 634,884   |                 | 634,884        |                   | 3/1/2024    |
|                           | MeshPlusPlus, Inc.                      |  |                           |  | Senior Secured |  | 12.5%             |  |                         |  | 247,256          |                   | 241,501   |                 | 241,501        |                   | 6/1/2024    |
|                           | MeshPlusPlus, Inc. Subtotal             |  |                           |  |                |  |                   |  |                         |  | 924,787     |                   |           | 876,385    |                |                   | 876,385        |  |   |                   |
|                           | 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%             |  |                         |  | 4,080,176        |                   | 3,975,828 |                 | 3,975,828      |                   | 6/1/2023    |
|                           | Parallel Wireless, Inc.                 |  |                           |  | Senior Secured |  | 11.8%             |  |                         |  | 2,346,787        |                   | 2,322,840 |                 | 2,322,840      |                   | 9/1/2023    |
|                           | Parallel Wireless, Inc. Subtotal        |  |                           |  |                |  |                   |  |                         |  | 8,672,463   |                   |           | 8,522,363  |                |                   | 8,522,363      |  |   |                   |
| Wireless Total            |                                         |  | 4.6%                      |  |                |  |                   |  |                         |  | $                | 10,917,664   |           |                 | $              | 10,670,751   |                     |  | $ | 10,670,751   |  |  |                  |
|                           | Grand Total                             |  | 210.3%                    |  |                |  |                   |  |                         |  | $                | 535,514,424  |           |                 | $              | 501,909,222  |                     |  | $ | 484,047,644  |  |  |                  |

----

----

|                               |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |  |   |                   |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------|--------------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|------------------|------------------|------|-----------------|----------------|------------------|-----------------|--|---|-------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                      | Borrower                             |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal        |                  | Cost |                 | Fair Value (d) |                  | Maturity Date   |
|                               |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
| Biotechnology                 |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
|                               | Antheia, Inc.                        |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | $                | 1,219,076   |      |                 | $              | 1,181,003   |                 |  | $ | 1,181,003    |  |  | 12/1/2022 |
|                               | Antheia, Inc.                        |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 1,220,291   |                  |      | 1,206,345  |                |                  | 1,206,345  |  |   | 12/1/2022 |
|                               | Antheia, Inc. Subtotal               |  |                           |  |                |  |                    |  |                          |  | 2,439,367   |                  |      | 2,387,348  |                |                  | 2,387,348  |  |   |                   |
|                               | Driver Bioengineering, Inc.          |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 866,600     |                  |      | 849,310    |                |                  | 849,310    |  |   | 6/1/2023  |
|                               | Driver Bioengineering, Inc.          |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 349,662     |                  |      | 311,553    |                |                  | 311,553    |  |   | 4/1/2023  |
|                               | Driver Bioengineering, Inc. Subtotal |  |                           |  |                |  |                    |  |                          |  | 1,216,262   |                  |      | 1,160,863  |                |                  | 1,160,863  |  |   |                   |
|                               | Quartzy, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,113,593   |                  |      | 1,083,782  |                |                  | 1,083,782  |  |   | 7/1/2024  |
|                               | Quartzy, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 722,540     |                  |      | 648,418    |                |                  | 648,418    |  |   | 8/1/2023  |
|                               | Quartzy, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,113,211   |                  |      | 1,085,490  |                |                  | 1,085,490  |  |   | 5/1/2024  |
|                               | Quartzy, Inc. Subtotal               |  |                           |  |                |  |                    |  |                          |  | 2,949,344   |                  |      | 2,817,690  |                |                  | 2,817,690  |  |   |                   |
| Biotechnology Total           |                                      |  | 3.5%                      |  |                |  |                    |  |                          |  | $                | 6,604,973   |      |                 | $              | 6,365,901   |                 |  | $ | 6,365,901    |  |  |                   |
|                               |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
| Computers & Storage       |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | $                | 2,256,808   |      |                 | $              | 2,199,490   |                 |  | $ | 2,199,490    |  |  | 3/1/2023  |
|                               | Canary Connect, Inc.                 |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 7,918,698   |                  |      | 7,426,948  |                |                  | 7,426,948  |  |   | 3/1/2024  |
|                               | Canary Connect, Inc. Subtotal        |  |                           |  |                |  |                    |  |                          |  | 10,175,506  |                  |      | 9,626,438  |                |                  | 9,626,438  |  |   |                   |
|                               | Fetch Robotics, Inc.                 |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 7,418,932   |                  |      | 7,104,656  |                |                  | 7,104,656  |  |   | 6/1/2024  |
| Computers & Storage Total |                                      |  | 9.1%                      |  |                |  |                    |  |                          |  | $                | 17,594,438  |      |                 | $              | 16,731,094  |                 |  | $ | 16,731,094   |  |  |                   |
|                               |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
| Enterprise Networking         |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
|                               | Diamanti, Inc.                       |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | $                | 5,441,469   |      |                 | $              | 4,811,921   |                 |  | $ | 4,811,921    |  |  | 5/1/2024  |
|                               | Diamanti, Inc.                       |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 494,824     |                  |      | 467,988    |                |                  | 467,988    |  |   | 7/1/2024  |
|                               | Diamanti, Inc. Subtotal              |  |                           |  |                |  |                    |  |                          |  | 5,936,293   |                  |      | 5,279,909  |                |                  | 5,279,909  |  |   |                   |
| Enterprise Networking Total   |                                      |  | 2.9%                      |  |                |  |                    |  |                          |  | $                | 5,936,293   |      |                 | $              | 5,279,909   |                 |  | $ | 5,279,909    |  |  |                   |
|                               |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
| Internet                      |                                      |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | $                | 519,587     |      |                 | $              | 490,896     |                 |  | $ | 490,896      |  |  | 8/1/2022  |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 173,207     |                  |      | 173,207    |                |                  | 173,207    |  |   | 8/1/2022  |
|                               | Ainsly, Inc. ** ^                |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 247,340     |                  |      | 217,309    |                |                  | 217,309    |  |   | 9/1/2023  |
|                               | Ainsly, Inc. Subtotal ** ^       |  |                           |  |                |  |                    |  |                          |  | 940,134     |                  |      | 881,412    |                |                  | 881,412    |  |   |                   |
|                               | Amino Payments, Inc.                 |  |                           |  | Senior Secured |  | 10.8%              |  |                          |  | 471,215     |                  |      | 449,064    |                |                  | 380,130    |  |   | *                 |
|                               | 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    |  |   |                   |
|                               | iZENEtech, Inc. ** ^             |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 5,000,000   |                  |      | 4,674,880  |                |                  | 4,674,880  |  |   | 9/1/2024  |
|                               | Lukla, Inc.                          |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 247,208     |                  |      | 237,422    |                |                  | 237,422    |  |   | 6/1/2023  |
|                               | Lukla, Inc.                          |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 407,447     |                  |      | 363,867    |                |                  | 363,867    |  |   | 12/1/2022 |
|                               | Lukla, Inc. Subtotal                 |  |                           |  |                |  |                    |  |                          |  | 654,655     |                  |      | 601,289    |                |                  | 601,289    |  |   |                   |
|                               | 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   |                  |      | 4,784,039  |                |                  | 4,784,039  |  |   | 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   |                  |      | 7,220,483  |                |                  | 7,220,483  |  |   |                   |
|                               | Nimble Rx, Inc.                      |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,091,906   |                  |      | 999,055    |                |                  | 999,055    |  |   | 2/1/2023  |
|                               | Nimble Rx, Inc.                      |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,236,949   |                  |      | 1,188,381  |                |                  | 1,188,381  |  |   | 11/1/2023 |
|                               | Nimble Rx, Inc. Subtotal             |  |                           |  |                |  |                    |  |                          |  | 2,328,855   |                  |      | 2,187,436  |                |                  | 2,187,436  |  |   |                   |

----

|                       |                                       |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------|---------------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|------------------|------------------|------|-----------------|----------------|------------------|-----------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry              | Borrower                              |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal        |                  | Cost |                 | Fair Value (d) |                  | Maturity Date   |
|                       | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 301,162     |                  |      | 295,353    |                |                  | 295,353    |  |   | 3/1/2023  |
|                       | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 301,078     |                  |      | 281,207    |                |                  | 281,207    |  |   | 3/1/2023  |
|                       | OneLocal, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 301,150     |                  |      | 296,454    |                |                  | 296,454    |  |   | 3/1/2023  |
|                       | OneLocal, Inc. Subtotal ** ^      |  |                           |  |                |  |                    |  |                          |  | 903,390     |                  |      | 873,014    |                |                  | 873,014    |  |   |                   |
|                       | Osix Corporation                      |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 43,214      |                  |      | 40,350     |                |                  | 40,350     |  |   | 12/1/2021 |
|                       | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 247,427     |                  |      | 242,330    |                |                  | 242,330    |  |   | 6/1/2023  |
|                       | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,893     |                  |      | 945,226    |                |                  | 945,226    |  |   | 12/1/2023 |
|                       | RenoFi, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 247,292     |                  |      | 231,778    |                |                  | 231,778    |  |   | 6/1/2023  |
|                       | RenoFi, Inc. Subtotal                 |  |                           |  |                |  |                    |  |                          |  | 1,484,612   |                  |      | 1,419,334  |                |                  | 1,419,334  |  |   |                   |
|                       | 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  |  |   |                   |
|                       | RetailerX, Inc.                       |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,881     |                  |      | 927,856    |                |                  | 927,856    |  |   | 5/1/2024  |
|                       | 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 |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 494,938     |                  |      | 481,875    |                |                  | 481,875    |  |   | 1/1/2024  |
|                       | Starface World, Inc.                  |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,583     |                  |      | 925,385    |                |                  | 925,385    |  |   | 11/1/2023 |
|                       | Starface World, Inc. Subtotal         |  |                           |  |                |  |                    |  |                          |  | 1,484,521   |                  |      | 1,407,260  |                |                  | 1,407,260  |  |   |                   |
|                       | Stay Alfred, Inc.                     |  |                           |  | Senior Secured |  | 18.0%              |  |                          |  | 6,061,856   |                  |      | 4,548,360  |                |                  | 635,170    |  |   | *                 |
|                       | 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        |                                       |  | 15.5%                     |  |                |  |                    |  |                          |  | $                | 36,468,248  |      |                 | $              | 33,083,568  |                 |  | $ | 28,421,725   |  |  |                  |
|                       |                                       |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
| Medical Devices       |                                       |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
|                       | Ablacon, Inc.                         |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | $                | 2,256,537   |      |                 | $              | 2,168,756   |                 |  | $ | 2,168,756    |  |  | 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   |                  |      | 4,393,264  |                |                  | 4,393,264  |  |   |                   |
|                       | Anutra Medical, Inc.                  |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 188,448     |                  |      | 182,138    |                |                  | 182,138    |  |   | 10/1/2022 |
|                       | 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%              |  |                          |  | 1,978,667   |                  |      | 1,856,409  |                |                  | 1,856,409  |  |   | 9/1/2024  |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 494,475     |                  |      | 470,113    |                |                  | 470,113    |  |   | 10/1/2023 |
|                       | CytoVale, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 494,687     |                  |      | 485,502    |                |                  | 485,502    |  |   | 11/1/2023 |
|                       | CytoVale, Inc. Subtotal               |  |                           |  |                |  |                    |  |                          |  | 3,940,742   |                  |      | 3,768,165  |                |                  | 3,768,165  |  |   |                   |
|                       | 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  |                |                  | 3,275,463  |  |   | *                 |
|                       | Siren Care, Inc.                      |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 1,977,800   |                  |      | 1,883,794  |                |                  | 1,883,794  |  |   | 10/1/2023 |
|                       | Siren Care, Inc.                      |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 989,137     |                  |      | 969,133    |                |                  | 969,133    |  |   | 10/1/2023 |
|                       | Siren Care, Inc. Subtotal             |  |                           |  |                |  |                    |  |                          |  | 2,966,937   |                  |      | 2,852,927  |                |                  | 2,852,927  |  |   |                   |
|                       | SVN Med, LLC                          |  |                           |  | Senior Secured |  | 15.0%              |  |                          |  | 1,973,663   |                  |      | 1,525,305  |                |                  | 1,525,305  |  |   | 12/1/2023 |
|                       | SVN Med, LLC                          |  |                           |  | Senior Secured |  | 15.0%              |  |                          |  | 987,065     |                  |      | 756,382    |                |                  | 756,382    |  |   | 12/1/2023 |
|                       | SVN Med, LLC Subtotal                 |  |                           |  |                |  |                    |  |                          |  | 2,960,728   |                  |      | 2,281,687  |                |                  | 2,281,687  |  |   |                   |
| Medical Devices Total |                                       |  | 11.2%                     |  |                |  |                    |  |                          |  | $                | 28,524,117  |      |                 | $              | 26,040,137  |                 |  | $ | 20,522,036   |  |  |                  |
|                       |                                       |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
| Other Healthcare      |                                       |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |
|                       | Artisan Development Labs, Inc.        |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | $                | 466,116     |      |                 | $              | 408,000     |                 |  | $ | 408,000      |  |  | 4/1/2023 |
|                       | Caredox, Inc.                         |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 775,417     |                  |      | 762,534    |                |                  | 762,534    |  |   | 7/1/2022  |
|                       | GoForward, Inc.                       |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 6,181,238   |                  |      | 5,735,573  |                |                  | 5,735,573  |  |   | 9/1/2023  |
|                       | GoForward, Inc.                       |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 3,094,971   |                  |      | 3,004,838  |                |                  | 3,004,838  |  |   | 6/1/2024  |
|                       | GoForward, Inc. Subtotal              |  |                           |  |                |  |                    |  |                          |  | 9,276,209   |                  |      | 8,740,411  |                |                  | 8,740,411  |  |   |                   |
|                       |                                       |  |                           |  |                |  |                    |  |                          |  |                  |                  |      |                 |                |                  |                 |

----

|                        |                                               |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |  |   |                   |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------|-----------------------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|-----------------|------------------|------|-----------------|----------------|------------------|-----------------|--|---|-------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry               | Borrower                                      |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal       |                  | Cost |                 | Fair Value (d) |                  | Maturity Date   |
|                        | Grin, Inc.                                    |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,140    |                  |      | 944,177    |                |                  | 944,177    |  |   | 10/1/2023 |
|                        | Grin, Inc.                                    |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 494,743    |                  |      | 484,898    |                |                  | 484,898    |  |   | 1/1/2024  |
|                        | Grin, Inc. Subtotal                           |  |                           |  |                |  |                    |  |                          |  | 1,483,883  |                  |      | 1,429,075  |                |                  | 1,429,075  |  |   |                   |
|                        | Hello Heart Inc.                              |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 1,974,944  |                  |      | 1,930,315  |                |                  | 1,930,315  |  |   | 6/1/2025  |
|                        | Hello Heart Inc.                              |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 1,164,939  |                  |      | 1,115,829  |                |                  | 1,115,829  |  |   | 4/1/2023  |
|                        | Hello Heart Inc.                              |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 1,974,944  |                  |      | 1,796,427  |                |                  | 1,796,427  |  |   | 6/1/2024  |
|                        | 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. Subtotal                     |  |                           |  |                |  |                    |  |                          |  | 6,789,857  |                  |      | 6,492,247  |                |                  | 6,492,247  |  |   |                   |
|                        | HumanAPI, Inc.                                |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 421,960    |                  |      | 416,785    |                |                  | 416,785    |  |   | 1/1/2023  |
|                        | HumanAPI, Inc.                                |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 1,129,747  |                  |      | 1,086,210  |                |                  | 1,086,210  |  |   | 10/1/2022 |
|                        | HumanAPI, Inc. Subtotal                       |  |                           |  |                |  |                    |  |                          |  | 1,551,707  |                  |      | 1,502,995  |                |                  | 1,502,995  |  |   |                   |
|                        | Oula Heath, Inc.                              |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 742,000    |                  |      | 685,839    |                |                  | 685,839    |  |   | 2/1/2024  |
|                        | PeerWell, Inc.                                |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,722    |                  |      | 913,704    |                |                  | 913,704    |  |   | 3/1/2024  |
|                        | Sparta Software Corporation                   |  |                           |  | Senior Secured |  | 11.5%              |  | 2.2%                     |  | 304,794    |                  |      | 297,802    |                |                  | 297,802    |  |   | 5/1/2022  |
|                        | Therapydia, Inc.                              |  |                           |  | Senior Secured |  | 12.0%              |  | 1.7%                     |  | 97,822     |                  |      | 92,394     |                |                  | 92,394     |  |   | 3/1/2023  |
|                        | Therapydia, Inc.                              |  |                           |  | Senior Secured |  | 12.5%              |  | 1.7%                     |  | 106,892    |                  |      | 106,892    |                |                  | 106,892    |  |   | 6/1/2023  |
|                        | Therapydia, Inc. Subtotal                     |  |                           |  |                |  |                    |  |                          |  | 204,714    |                  |      | 199,286    |                |                  | 199,286    |  |   |                   |
|                        | Tia, Inc.                                     |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 1,980,051  |                  |      | 1,703,424  |                |                  | 1,703,424  |  |   | 5/1/2024  |
|                        | Vessel Health, Inc.                           |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 618,622    |                  |      | 618,622    |                |                  | 618,622    |  |   | 3/1/2024  |
|                        | Vessel Health, Inc.                           |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 618,539    |                  |      | 561,586    |                |                  | 561,586    |  |   | 3/1/2024  |
|                        | Vessel Health, Inc. Subtotal                  |  |                           |  |                |  |                    |  |                          |  | 1,237,161  |                  |      | 1,180,208  |                |                  | 1,180,208  |  |   |                   |
| Other Healthcare Total |                                               |  | 13.3%                     |  |                |  |                    |  |                          |  | $               | 25,801,631  |      |                 | $              | 24,315,525  |                 |  | $ | 24,315,525   |  |  |                   |
|                        |                                               |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |
| Other Technology       |                                               |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |
|                        | 8E14 Networks                                 |  |                           |  | Senior Secured |  | 13.0%              |  |                          |  | $               | 296,533     |      |                 | $              | 296,533     |                 |  | $ | 296,533      |  |  | 12/1/2023 |
|                        | 8E14 Networks                                 |  |                           |  | Senior Secured |  | 13.0%              |  |                          |  | 296,678    |                  |      | 213,094    |                |                  | 213,094    |  |   | 9/1/2023  |
|                        | 8E14 Networks Subtotal                        |  |                           |  |                |  |                    |  |                          |  | 593,211    |                  |      | 509,627    |                |                  | 509,627    |  |   |                   |
|                        | 8i Corporation                                |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,476,000  |                  |      | 1,378,649  |                |                  | 1,378,649  |  |   | 12/1/2023 |
|                        | Aclima, Inc.                                  |  |                           |  | Senior Secured |  | 11.9%              |  |                          |  | 1,089,754  |                  |      | 1,004,091  |                |                  | 1,004,091  |  |   | 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  |                  |      | 2,735,990  |                |                  | 2,735,990  |  |   |                   |
|                        | Antitoxin Technologies Inc. ** ^          |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 361,110    |                  |      | 344,164    |                |                  | 344,164    |  |   | 9/1/2022  |
|                        | Antitoxin Technologies Inc. ** ^          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,838    |                  |      | 843,946    |                |                  | 843,946    |  |   | 12/1/2023 |
|                        | Antitoxin Technologies Inc. Subtotal ** ^ |  |                           |  |                |  |                    |  |                          |  | 1,350,948  |                  |      | 1,188,110  |                |                  | 1,188,110  |  |   |                   |
|                        | 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%              |  |                          |  | 564,609    |                  |      | 553,012    |                |                  | 553,012    |  |   | 3/1/2023  |
|                        | Beanfields, PBC                               |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 789,585    |                  |      | 759,532    |                |                  | 759,532    |  |   | 3/1/2023  |
|                        | Beanfields, PBC Subtotal                      |  |                           |  |                |  |                    |  |                          |  | 1,354,194  |                  |      | 1,312,544  |                |                  | 1,312,544  |  |   |                   |
|                        | Belong Home, Inc.                             |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 2,968,459  |                  |      | 2,834,624  |                |                  | 2,834,624  |  |   | 3/1/2024  |
|                        | 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%              |  |                          |  | 1,823,172  |                  |      | 1,792,512  |                |                  | 1,792,512  |  |   | 6/1/2023  |
|                        | BW Industries, Inc.                           |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 1,770,873  |                  |      | 1,642,182  |                |                  | 1,642,182  |  |   | 5/1/2023  |
|                        | BW Industries, Inc. Subtotal                  |  |                           |  |                |  |                    |  |                          |  | 3,594,045  |                  |      | 3,434,694  |                |                  | 3,434,694  |  |   |                   |
|                        | Content Adjacent, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,979,710  |                  |      | 1,885,861  |                |                  | 1,885,861  |  |   | 6/1/2024  |
|                        | Coterie Applications, Inc.                    |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 988,889    |                  |      | 988,888    |                |                  | 988,888    |  |   | 3/1/2024  |

----

|          |                                          |  |                           |  |                |  |                    |  |                          |  |                  |  |      |                  |                |  |                  |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------|------------------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|------------------|--|------|------------------|----------------|--|------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry | Borrower                                 |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal        |  | Cost |                  | Fair Value (d) |  | Maturity Date    |
|          | Coterie Applications, Inc.               |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 989,023     |  |      | 875,966     |                |  | 875,966     |  |  | 9/1/2023  |
|          | Coterie Applications, Inc. Subtotal      |  |                           |  |                |  |                    |  |                          |  | 1,977,912   |  |      | 1,864,854   |                |  | 1,864,854   |  |  |                   |
|          | DOSH Holdings, Inc.                      |  |                           |  | Senior Secured |  | —%           |  |                          |  | 700,000     |  |      | 514,745     |                |  | 514,745     |  |  | *                 |
|          | Fitplan, Inc. ** ^                   |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 1,266,870   |  |      | 1,086,326   |                |  | 1,058,116   |  |  | *                 |
|          | Flo Water, Inc.                          |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 1,978,592   |  |      | 1,884,544   |                |  | 1,884,544   |  |  | 12/1/2023 |
|          | 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%              |  |                          |  | 1,946,804   |  |      | 1,865,641   |                |  | 1,865,641   |  |  | 1/1/2023  |
|          | 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%              |  |                          |  | 481,455     |  |      | 473,834     |                |  | 473,834     |  |  | 8/1/2023  |
|          | Higher Ground Education, Inc. Subtotal   |  |                           |  |                |  |                    |  |                          |  | 4,160,107   |  |      | 4,046,637   |                |  | 4,046,637   |  |  |                   |
|          | Hint, Inc.                               |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 4,944,981   |  |      | 4,446,656   |                |  | 4,446,656   |  |  | 6/1/2023  |
|          | Hint, Inc.                               |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 727,671     |  |      | 706,141     |                |  | 706,141     |  |  | 8/1/2021  |
|          | Hint, Inc. Subtotal                      |  |                           |  |                |  |                    |  |                          |  | 5,672,652   |  |      | 5,152,797   |                |  | 5,152,797   |  |  |                   |
|          | 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  |
|          | Lambda School, Inc.                      |  |                           |  | Senior Secured |  | 11.3%              |  |                          |  | 4,948,041   |  |      | 4,701,574   |                |  | 4,701,574   |  |  | 7/1/2023  |
|          | Lambda School, Inc.                      |  |                           |  | Senior Secured |  | 11.3%              |  |                          |  | 2,474,403   |  |      | 2,474,403   |                |  | 2,474,403   |  |  | 8/1/2023  |
|          | Lambda School, Inc. Subtotal             |  |                           |  |                |  |                    |  |                          |  | 7,422,444   |  |      | 7,175,977   |                |  | 7,175,977   |  |  |                   |
|          | Make School, Inc.                        |  |                           |  | Senior Secured |  | 11.3%              |  |                          |  | 291,677     |  |      | 287,406     |                |  | 287,406     |  |  | 8/1/2021  |
|          | Natomas Labs, Inc.                       |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 2,969,286   |  |      | 2,732,463   |                |  | 2,732,463   |  |  | 2/1/2024  |
|          | 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. ** ^          |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 4,946,802   |  |      | 4,825,816   |                |  | 4,825,816   |  |  | 12/1/2023 |
|          | NewGlobe Schools, Inc. Subtotal ** ^ |  |                           |  |                |  |                    |  |                          |  | 11,176,330  |  |      | 10,836,467  |                |  | 10,836,467  |  |  |                   |
|          | Noteleaf, Inc.                           |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 2,277,124   |  |      | 2,161,761   |                |  | 1,028,982   |  |  | *                 |
|          | OnePointOne, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,960,000   |  |      | 1,783,411   |                |  | 1,783,411   |  |  | 2/1/2024  |
|          | Opya, Inc.                               |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,171     |  |      | 958,214     |                |  | 958,214     |  |  | 11/1/2023 |
|          | Ozy Media, Inc.                          |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | 2,965,665   |  |      | 2,775,884   |                |  | 2,775,884   |  |  | 6/1/2023  |
|          | Ozy Media, Inc.                          |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | 1,483,826   |  |      | 1,424,222   |                |  | 1,424,222   |  |  | 9/1/2023  |
|          | Ozy Media, Inc.                          |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | 1,977,806   |  |      | 1,977,807   |                |  | 1,977,807   |  |  | 6/1/2023  |
|          | Ozy Media, Inc.                          |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | 2,470,510   |  |      | 2,383,782   |                |  | 2,383,782   |  |  | 6/1/2023  |
|          | Ozy Media, Inc. Subtotal                 |  |                           |  |                |  |                    |  |                          |  | 8,897,807   |  |      | 8,561,695   |                |  | 8,561,695   |  |  |                   |
|          | 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 |  | 11.5%              |  |                          |  | 3,960,517   |  |      | 3,760,439   |                |  | 3,760,439   |  |  | 10/1/2023 |
|          | Platform Science, Inc.                   |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 623,171     |  |      | 601,043     |                |  | 601,043     |  |  | 2/1/2022  |
|          | Platform Science, Inc. Subtotal          |  |                           |  |                |  |                    |  |                          |  | 4,583,688   |  |      | 4,361,482   |                |  | 4,361,482   |  |  |                   |
|          | Plethora, Inc.                           |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 997,774     |  |      | 945,362     |                |  | 945,362     |  |  | 7/1/2022  |
|          | Privoro Holdings, Inc.                   |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,979,606   |  |      | 1,836,871   |                |  | 1,836,871   |  |  | 4/1/2024  |
|          | Reali Inc.                               |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 3,956,094   |  |      | 3,775,549   |                |  | 3,775,549   |  |  | 9/1/2023  |
|          | 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  |
|          | Theatro Labs, Inc.                       |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 888,982     |  |      | 873,903     |                |  | 873,903     |  |  | 8/1/2022  |

----

|                                      |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |  |   |                   |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------|---------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|-----------------|-------------------|------|-----------------|----------------|-------------------|-----------------|--|---|-------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                             | Borrower                        |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal       |                   | Cost |                 | Fair Value (d) |                   | Maturity Date   |
|                                      | TIER Mobility GmbH ** ^     |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 8,905,182  |                   |      | 8,561,180  |                |                   | 8,561,180  |  |   | 4/1/2023  |
|                                      | TomoCredit, Inc.                |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 395,819    |                   |      | 395,819    |                |                   | 395,819    |  |   | 9/1/2023  |
|                                      | TomoCredit, Inc.                |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 593,454    |                   |      | 540,134    |                |                   | 540,134    |  |   | 9/1/2023  |
|                                      | TomoCredit, Inc. Subtotal       |  |                           |  |                |  |                    |  |                          |  | 989,273    |                   |      | 935,953    |                |                   | 935,953    |  |   |                   |
|                                      | 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  |                   |      | 3,648,364  |                |                   | 3,648,364  |  |   | 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  |                   |      | 5,195,271  |                |                   | 5,195,271  |  |   |                   |
|                                      | Velo Holdings Limited           |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 2,471,720  |                   |      | 2,252,248  |                |                   | 1,985,209  |  |   | *                 |
|                                      | 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  |
|                                      | World Wrapps II, Inc.           |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 494,667    |                   |      | 342,954    |                |                   | 342,954    |  |   | 6/1/2024  |
| Other Technology Total               |                                 |  | 69.1%                     |  |                |  |                    |  |                          |  | $               | 135,461,668  |      |                 | $              | 128,018,460  |                 |  | $ | 126,568,043  |  |  |                   |
|                                      |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |
| Security                             |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |
|                                      | ArecaBay, Inc.                  |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | $               | 1,485,917    |      |                 | $              | 1,417,675    |                 |  | $ | 1,417,675    |  |  | 8/1/2023  |
|                                      | Axonius, Inc.                   |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 164,208    |                   |      | 161,820    |                |                   | 161,820    |  |   | 9/1/2021  |
|                                      | Nok Nok Labs, Inc.              |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 540,071    |                   |      | 533,246    |                |                   | 533,246    |  |   | 6/1/2022  |
|                                      | Popily, Inc.                    |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 989,137    |                   |      | 867,450    |                |                   | 867,450    |  |   | 12/1/2023 |
|                                      | Popily, Inc.                    |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 1,484,125  |                   |      | 1,484,125  |                |                   | 1,484,125  |  |   | 12/1/2023 |
|                                      | Popily, Inc. Subtotal           |  |                           |  |                |  |                    |  |                          |  | 2,473,262  |                   |      | 2,351,575  |                |                   | 2,351,575  |  |   |                   |
|                                      | Safetrust Holdings, Inc.        |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 249,930    |                   |      | 186,010    |                |                   | 186,010    |  |   | 8/1/2021  |
| Security Total                       |                                 |  | 2.5%                      |  |                |  |                    |  |                          |  | $               | 4,913,388    |      |                 | $              | 4,650,326    |                 |  | $ | 4,650,326    |  |  |                   |
|                                      |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |
| Semiconductors & Equipment       |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |
|                                      | ETA Compute, Inc.               |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | $               | 596,190      |      |                 | $              | 585,915      |                 |  | $ | 585,915      |  |  | 11/1/2021 |
| Semiconductors & Equipment Total |                                 |  | 0.3%                      |  |                |  |                    |  |                          |  | $               | 596,190      |      |                 | $              | 585,915      |                 |  | $ | 585,915      |  |  |                   |
|                                      |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |
| Software                             |                                 |  |                           |  |                |  |                    |  |                          |  |                 |                   |      |                 |                |                   |                 |
|                                      | Afero, Inc.                     |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | $               | 2,474,202    |      |                 | $              | 2,127,019    |                 |  | $ | 2,127,019    |  |  | 1/1/2024  |
|                                      | Airbrake Technologies, Inc.     |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 989,466    |                   |      | 898,541    |                |                   | 898,541    |  |   | 10/1/2023 |
|                                      | ArborMetrix, Inc.               |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 1,482,031  |                   |      | 1,424,994  |                |                   | 1,424,994  |  |   | 9/1/2023  |
|                                      | ArborMetrix, Inc.               |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 741,595    |                   |      | 721,872    |                |                   | 721,872    |  |   | 9/1/2023  |
|                                      | ArborMetrix, Inc. Subtotal      |  |                           |  |                |  |                    |  |                          |  | 2,223,626  |                   |      | 2,146,866  |                |                   | 2,146,866  |  |   |                   |
|                                      | BackboneAI Inc.                 |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 494,779    |                   |      | 483,764    |                |                   | 483,764    |  |   | 6/1/2023  |
|                                      | BackboneAI Inc.                 |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 494,537    |                   |      | 435,999    |                |                   | 435,999    |  |   | 6/1/2023  |
|                                      | BackboneAI Inc. Subtotal        |  |                           |  |                |  |                    |  |                          |  | 989,316    |                   |      | 919,763    |                |                   | 919,763    |  |   |                   |
|                                      | Blockdaemon, Inc.               |  |                           |  | Senior Secured |  | 11.3%              |  |                          |  | 72,916     |                   |      | 70,543     |                |                   | 70,543     |  |   | 8/1/2021  |
|                                      | Blockdaemon, Inc.               |  |                           |  | Senior Secured |  | 11.3%              |  |                          |  | 156,750    |                   |      | 153,047    |                |                   | 153,047    |  |   | 6/1/2022  |
|                                      | Blockdaemon, Inc. Subtotal      |  |                           |  |                |  |                    |  |                          |  | 229,666    |                   |      | 223,590    |                |                   | 223,590    |  |   |                   |
|                                      | 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%              |  |                          |  | 739,000    |                   |      | 724,597    |                |                   | 724,597    |  |   | 9/1/2024  |
|                                      | Cloudleaf, Inc.                 |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 1,445,065  |                   |      | 1,360,260  |                |                   | 1,360,260  |  |   | 8/1/2023  |
|                                      | Cloudleaf, Inc. Subtotal        |  |                           |  |                |  |                    |  |                          |  | 2,184,065  |                   |      | 2,084,857  |                |                   | 2,084,857  |  |   |                   |
|                                      | 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  |
|                                      | ICX Media, Inc.                 |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 247,171    |                   |      | 242,813    |                |                   | 242,813    |  |   | 7/1/2023  |
|                                      | ICX Media, Inc.                 |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 298,886    |                   |      | 285,701    |                |                   | 285,701    |  |   | 5/1/2022  |
|                                      | ICX Media, Inc.                 |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 240,098    |                   |      | 236,153    |                |                   | 236,153    |  |   | 5/1/2023  |
|                                      | ICX Media, Inc. Subtotal        |  |                           |  |                |  |                    |  |                          |  | 786,155    |                   |      | 764,667    |                |                   | 764,667    |  |   |                   |
|                                      | Invoice2Go, Inc.                |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 660,026    |                   |      | 654,481    |                |                   | 654,481    |  |   | 7/1/2022  |
|                                      | Invoice2Go, Inc.                |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 989,486    |                   |      | 944,616    |                |                   | 944,616    |  |   | 6/1/2024  |

----

|                     |                                         |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |  |   |                   |  |  |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------|-----------------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|-----------------|------------------|------|-----------------|----------------|------------------|-----------------|--|---|-------------------|--|--|-------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry            | Borrower                                |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal       |                  | Cost |                 | Fair Value (d) |                  | Maturity Date   |
|                     | 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%              |  |                          |  | 531,244    |                  |      | 498,925    |                |                  | 498,925    |  |   | 3/1/2022  |
|                     | Invoice2Go, Inc.                        |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 783,778    |                  |      | 776,169    |                |                  | 776,169    |  |   | 11/1/2022 |
|                     | Invoice2Go, Inc. Subtotal               |  |                           |  |                |  |                    |  |                          |  | 5,845,208  |                  |      | 5,530,774  |                |                  | 5,530,774  |  |   |                   |
|                     | Ipolipo, Inc.                           |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 2,066,199  |                  |      | 1,943,196  |                |                  | 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  |  |   |                   |
|                     | Metawave Corporation                    |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 608,751    |                  |      | 595,704    |                |                  | 595,704    |  |   | 7/1/2022  |
|                     | Migo Money, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 324,019    |                  |      | 313,653    |                |                  | 313,653    |  |   | 12/1/2021 |
|                     | Migo Money, Inc. ** ^               |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 266,341    |                  |      | 266,341    |                |                  | 266,341    |  |   | 3/1/2022  |
|                     | 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    |  |   | *                 |
|                     | Pixlee, Inc.                            |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 1,484,210  |                  |      | 1,403,678  |                |                  | 1,403,678  |  |   | 1/1/2024  |
|                     | PlushCare, Inc.                         |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 447,140    |                  |      | 441,430    |                |                  | 441,430    |  |   | 5/1/2022  |
|                     | PlushCare, Inc.                         |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 595,693    |                  |      | 579,013    |                |                  | 579,013    |  |   | 5/1/2022  |
|                     | PlushCare, Inc. Subtotal                |  |                           |  |                |  |                    |  |                          |  | 1,042,833  |                  |      | 1,020,443  |                |                  | 1,020,443  |  |   |                   |
|                     | Resilio, Inc.                           |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | 28,407     |                  |      | 27,431     |                |                  | 27,431     |  |   | 3/1/2021  |
|                     | Resilio, Inc.                           |  |                           |  | Senior Secured |  | 12.8%              |  |                          |  | 46,851     |                  |      | 46,850     |                |                  | 46,850     |  |   | 5/1/2021  |
|                     | Resilio, Inc. Subtotal                  |  |                           |  |                |  |                    |  |                          |  | 75,258     |                  |      | 74,281     |                |                  | 74,281     |  |   |                   |
|                     | Sonatus, Inc                            |  |                           |  | Senior Secured |  | 12.5%              |  |                          |  | 989,255    |                  |      | 860,419    |                |                  | 860,419    |  |   | 9/1/2023  |
|                     | Splitwise, Inc.                         |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 407,224    |                  |      | 393,457    |                |                  | 393,457    |  |   | 12/1/2022 |
|                     | Swiftly Systems, Inc.                   |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 4,951,149  |                  |      | 3,962,224  |                |                  | 3,962,224  |  |   | 10/1/2024 |
|                     | 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%              |  |                          |  | 360,505    |                  |      | 360,505    |                |                  | 360,505    |  |   | 5/1/2023  |
|                     | Truthset, Inc.                          |  |                           |  | Senior Secured |  | 10.5%              |  |                          |  | 327,294    |                  |      | 308,736    |                |                  | 308,736    |  |   | 2/1/2023  |
|                     | Truthset, Inc. Subtotal                 |  |                           |  |                |  |                    |  |                          |  | 687,799    |                  |      | 669,241    |                |                  | 669,241    |  |   |                   |
|                     | Venuetize, Inc.                         |  |                           |  | Senior Secured |  | 12.3%              |  |                          |  | 130,209    |                  |      | 123,167    |                |                  | 123,167    |  |   | 4/1/2022  |
|                     | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 246,296    |                  |      | 239,558    |                |                  | 239,558    |  |   | 9/1/2021  |
|                     | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 518,863    |                  |      | 493,458    |                |                  | 493,458    |  |   | 8/1/2022  |
|                     | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 565,294    |                  |      | 555,453    |                |                  | 555,453    |  |   | 10/1/2022 |
|                     | Workspot, Inc.                          |  |                           |  | Senior Secured |  | 12.0%              |  |                          |  | 2,969,690  |                  |      | 2,792,441  |                |                  | 2,792,441  |  |   | 11/1/2023 |
|                     | Workspot, Inc. Subtotal                 |  |                           |  |                |  |                    |  |                          |  | 4,300,143  |                  |      | 4,080,910  |                |                  | 4,080,910  |  |   |                   |
| Software Total      |                                         |  | 22.9%                     |  |                |  |                    |  |                          |  | $               | 46,105,784  |      |                 | $              | 42,514,043  |                 |  | $ | 42,025,003   |  |  |                   |
|                     |                                         |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |
| Technology Services |                                         |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |
|                     | iLearningEngines Inc.                   |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | $               | 7,918,225   |      |                 | $              | 6,762,096   |                 |  | $ | 6,762,096    |  |  | 12/1/2023 |
|                     | Klar Holdings Limited ** ^          |  |                           |  | Senior Secured |  | 14.2%              |  | 4.0%                     |  | 248,885    |                  |      | 235,789    |                |                  | 235,789    |  |   | 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    |                  |      | 397,375    |                |                  | 397,375    |  |   |                   |
|                     | 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 |
|                     | Relimetrics, Inc.                       |  |                           |  | Senior Secured |  | 11.3%              |  |                          |  | 173,675    |                  |      | 169,806    |                |                  | 169,806    |  |   | 1/1/2022  |
|                     | Riffyn, Inc.                            |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 1,980,521  |                  |      | 1,892,277  |                |                  | 1,892,277  |  |   | 2/1/2024  |
|                     | 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  |
|                     |                                         |  |                           |  |                |  |                    |  |                          |  |                 |                  |      |                 |                |                  |                 |

----

|                           |                                    |  |                           |  |                |  |                    |  |                          |  |                  |                   |      |                  |                |                   |                  |  |   |                   |  |  |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------|------------------------------------|--|---------------------------|--|----------------|--|--------------------|--|--------------------------|--|------------------|-------------------|------|------------------|----------------|-------------------|------------------|--|---|-------------------|--|--|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Industry                  | Borrower                           |  | Percent of Net Assets (a) |  | Collateral     |  | Interest Rate  (b) |  | End of Term Payment  (c) |  | Principal        |                   | Cost |                  | Fair Value (d) |                   | Maturity Date    |
|                           | Solugen, Inc.                      |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 1,054,706   |                   |      | 1,038,103   |                |                   | 1,038,103   |  |   | 1/1/2023  |
|                           | Solugen, Inc. Subtotal             |  |                           |  |                |  |                    |  |                          |  | 4,216,856   |                   |      | 4,087,067   |                |                   | 4,087,067   |  |   |                   |
|                           | Thrive Financial, Inc. **          |  |                           |  | Senior Secured |  | 9.3%               |  |                          |  | 247,981     |                   |      | 247,981     |                |                   | 247,981     |  |   | 11/1/2023 |
|                           | Thrive Financial, Inc. **          |  |                           |  | Senior Secured |  | 11.5%              |  |                          |  | 752,761     |                   |      | 724,584     |                |                   | 724,584     |  |   | 10/1/2022 |
|                           | Thrive Financial, Inc. Subtotal ** |  |                           |  |                |  |                    |  |                          |  | 1,000,742   |                   |      | 972,565     |                |                   | 972,565     |  |   |                   |
|                           | Zanbato, Inc.                      |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 3,465,417   |                   |      | 3,347,061   |                |                   | 3,347,061   |  |   | 9/1/2023  |
|                           | Zeel Networks, Inc.                |  |                           |  | Senior Secured |  | 11.0%              |  |                          |  | 2,049,602   |                   |      | 2,002,173   |                |                   | 1,837,535   |  |   | 3/1/2022  |
| Technology Services Total |                                    |  | 12.2%                     |  |                |  |                    |  |                          |  | $                | 24,516,024   |      |                  | $              | 22,755,121   |                  |  | $ | 22,385,643   |  |  |                  |
|                           |                                    |  |                           |  |                |  |                    |  |                          |  |                  |                   |      |                  |                |                   |                  |
| 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      |                   |      | 88,729      |                |                   | 88,729      |  |   | 9/1/2022  |
|                           | AirVine Scientific, Inc. Subtotal  |  |                           |  |                |  |                    |  |                          |  | 180,795     |                   |      | 175,219     |                |                   | 175,219     |  |   |                   |
|                           | 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%              |  |                          |  | 3,215,116   |                   |      | 3,164,764   |                |                   | 3,164,764   |  |   | 8/1/2023  |
|                           | Parallel Wireless, Inc.            |  |                           |  | Senior Secured |  | 11.8%              |  |                          |  | 3,215,575   |                   |      | 3,162,405   |                |                   | 3,162,405   |  |   | 9/1/2023  |
|                           | Parallel Wireless, Inc. Subtotal   |  |                           |  |                |  |                    |  |                          |  | 12,859,427  |                   |      | 12,495,810  |                |                   | 12,495,810  |  |   |                   |
| Wireless Total            |                                    |  | 6.9%                      |  |                |  |                    |  |                          |  | $                | 13,040,222   |      |                  | $              | 12,671,029   |                  |  | $ | 12,671,029   |  |  |                  |
| Grand Total               |                                    |  | 169.4%                    |  |                |  |                    |  |                          |  | $                | 345,562,976  |      |                  | $              | 323,011,028  |                  |  | $ | 310,522,149  |  |  |                  |

----

|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |  |               |               |  |   |               |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------|--|---------------------------------------------------------------------------------------|--|----------------------------|--|-------------------|--|-------------------------------|-------------------|-----------------------------------------------|---------------|---|---------------|---------------|--|---------------|---------------|--|---|---------------|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| 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     |  | AS OF DECEMBER 31, 2021       |
|                                                                                          |  |                                                                                       |  | Notional Amount            |  | Fair Value        |  | Upfront payments/receipts |                   | Unrealized appreciation/(depreciation)(a) |
|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |
| Interest Rate Collar                                                                     |
|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |
| Floating interest rate of USD-LIBOR-BBA with a cap rate of 1.15%, to be received monthly |  | Floating interest rate of USD-LIBOR-BBA with a floor rate of 0.17% to be paid monthly |  | MUFG Union Bank, N.A.      |  | 6/30/2025 |  | $                             | 20,000,000   |                                               |               | $ | 255,356  |               |  | —  |               |  | $ | 255,356  |               |
|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |
| Floating interest rate of USD-LIBOR-BBA with a cap rate of 1.00% to be received monthly  |  | Floating interest rate of USD-LIBOR-BBA with a floor rate of 0.35% to be paid monthly |  | Zions Bancorporation, N.A. |  | 3/18/2024 |  | 87,000,000               |                   |                                               | 377,254  |   |               | —  |  |               | 377,254  |  |
|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |
| Floating interest rate of USD-LIBOR-BBA with a cap rate of 1.50% to be received monthly  |  | Floating interest rate of USD-LIBOR-BBA with a floor rate of 0.42% to be paid monthly |  | Zions Bancorporation, N.A. |  | 6/30/2025 |  | 50,000,000               |                   |                                               | 329,992  |   |               | —  |  |               | 329,992  |  |
|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |
| Floating interest rate of USD-LIBOR-BBA with a cap rate of 2.25% to be received monthly  |  | Floating interest rate of USD-LIBOR-BBA with a floor rate of 0.53% to be paid monthly |  | Zions Bancorporation, N.A. |  | 3/18/2024 |  | 90,000,000               |                   |                                               | (130,697)     |   |               | —  |  |               | (130,697)     |  |
|                                                                                          |  |                                                                                       |  |                            |  |                   |  |                               |                   |                                               |               |   |               |               |
| Total                                                                                    |  |                                                                                       |  |                            |  |                   |  | $                             | 247,000,000  |                                               |               | $ | 831,905  |               |  | $             | —  |  |   | $             | 831,905  |  |

|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |  |   |               |  |  |   |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------|--|---------------------------------------------------------------------------------------|--|-----------------------|--|-------------------------|--|------------------|------------------|-------|-----------|-------------------------------|-------------|-----------------------------------------------|--|---|---------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                  |  |                                                                                       |  |                       |  | 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  |                  | Value |           | Upfront payments/receipts |             | Unrealized appreciation/(depreciation)(a) |
|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |
| Interest Rate Swap and Floor Agreements                                                          |
|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |
| Floating interest rate greater of USD-LIBOR-BBA or 0.00%, to be received monthly                 |  | Fixed interest rate 2.520%, to be paid monthly                                        |  | MUFG Union Bank, N.A. |  | 12/20/2021      |  | $                | 35,000,000  |       |           | $                             | (818,923)   |                                               |  | $ | —  |  |  | $ | (818,923)   |  |
|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |
| Floating interest rate greater of USD-LIBOR-BBA or 0.00%, to be received monthly                 |  | Fixed interest rate 1.899%, to be paid monthly                                        |  | MUFG Union Bank, N.A. |  | 12/20/2021      |  | 22,000,000  |                  |       | (380,548) |                               |             | —                                  |  |   | (380,548)     |  |
|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |
| Interest Rate Collar                                                                             |
|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |
| Floating interest rate greater of USD-LIBOR-BBA with a cap rate of 1.15%, to be received monthly |  | Floating interest rate of USD-LIBOR-BBA with a floor rate of 0.17% to be paid monthly |  | MUFG Union Bank, N.A. |  | 6/30/2025       |  | 20,000,000  |                  |       | (54,743)  |                               |             | —                                  |  |   | (54,743)      |  |
|                                                                                                  |  |                                                                                       |  |                       |  |                         |  |                  |                  |       |           |                               |             |                                               |
| Total                                                                                            |  |                                                                                       |  |                       |  |                         |  | $                | 77,000,000  |       |           | $                             | (1,254,214) |                                               |  | $ | —  |  |  | $ | (1,254,214) |  |

----

----

----

----

|                                           |  |                     |   |                     |             |                   |  |                   |   |  |             |   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|--|---------------------|---|---------------------|-------------|-------------------|--|-------------------|---|--|-------------|---|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                           |  | Performing Loans    |   | All Loans           |
|                                           |  | For the years ended |   | For the years ended |
|                                           |  | December 31, 2021   |   | December 31, 2020   |             | December 31, 2021 |  | December 31, 2020 |
| Weighted-Average Interest Rate - Cash     |  | 15.76          | % |                     | 14.82  | %                 |  | 15.50        | % |  | 14.39  | % |
| Weighted Average Interest Rate - Non-Cash |  | 5.86           | % |                     | 3.80   | %                 |  | 5.71         | % |  | 3.68   | % |
| Weighted-Average Interest Rate            |  | 21.62          | % |                     | 18.62  | %                 |  | 21.21        | % |  | 18.07  | % |

|         |        |                                                                                                                                  |  |  |  |  |  |  |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| 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 Value at December 31, 2021 |  | Valuation Techniques / Methodologies |  | Unobservable Input                            |  | Range           |  | Weighted Average (a) |
| Biotechnology             |  | $15,817,093                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 13% - 16%       |  | 15%                  |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Computers & Storage   |  | $24,062,710                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | *               |  | 14%                  |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Enterprise Networking     |  | $4,311,087                      |  | Asset Recovery                           |  | Probability weighting of alternative outcomes |  | 10% - 20%*      |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Internet                  |  | $46,160,725                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 13% - 19%       |  | 16%                  |
|                           |  |                                 |  | Asset Recovery                           |  | Probability weighting of alternative outcomes |  | 10% - 100%^ |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Medical Devices           |  | $17,834,282                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 13% - 32%       |  | 17%                  |
|                           |  |                                 |  | Asset Recovery                           |  | Probability weighting of alternative outcomes |  | 35% - 65%*      |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Other Healthcare          |  | $42,002,872                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 14% - 24%       |  | 16%                  |
|                           |  |                                 |  | Asset Recovery                           |  | Probability weighting of alternative outcomes |  | 20% - 80%*      |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Other Technology          |  | $236,458,989                    |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 12% - 46%       |  | 19%                  |
|                           |  |                                 |  | Asset Recovery                           |  | Probability weighting of alternative outcomes |  | 5% - 100%^  |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Security                  |  | $2,390,705                      |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 14% - 19%       |  | 18%                  |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Software                  |  | $56,598,962                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 12% - 37%       |  | 17%                  |
|                           |  |                                 |  | Asset Recovery                           |  | Probability weighing of alternative outcomes  |  | 10% - 40%*      |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Technology Services       |  | $27,739,468                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 13% - 26%       |  | 18%                  |
|                           |  |                                 |  | Asset Recovery                           |  | Probability weighting of alternative outcomes |  | 10% - 50%*      |  |                      |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Wireless                  |  | $10,670,751                     |  | Hypothetical market analysis             |  | Hypothetical market coupon rate               |  | 14% - 17%       |  | 14%                  |
|                           |  |                                 |  |                                          |  |                                               |  |                 |  |                      |
| Total Loan Investments    |  | $484,047,644                    |  |                                          |  |                                               |  |                 |  |                      |

----

|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |     |     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------|--|---------------------------------|-------------------|------------------------------------------|------------------------------|-----------------------------------------------|---------------------------------|---------------------------------|-----------|----------------------|-----|-----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Investment Type - Level 3      |  |                                 |                   |                                          |                              |                                               |                                 |                                 |
| Loan Investments               |  | Fair Value at December 31, 2020 |                   | Valuation Techniques / Methodologies |                              | Unobservable Input                            |                                 | Range                           |           | Weighted Average (a) |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Biotechnology                  |  | $                               | 6,365,901    |                                          |                              | Hypothetical market analysis                  |                                 | Hypothetical market coupon rate |           |  14% - 15%      |     | 15% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Computers & Storage        |  | 16,731,094                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 14% - 15% |                      | 15% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Enterprise Networking          |  | 5,279,909                  |                   |                                          | Income Approach              |                                               | Hypothetical market coupon rate |                                 | *         |                      | 19% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Internet                       |  | 28,421,725                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 13% - 25% |                      | 15% |
|                                |  |                                 |                   | Asset Recovery                           |                              | Probability weighting of alternative outcomes |                                 | 5% - 95%^                   |           |                      |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Medical Devices                |  | 20,522,036                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 13% - 32% |                      | 17% |
|                                |  |                                 |                   | Asset Recovery                           |                              | Probability weighting of alternative outcomes |                                 | 35% - 65%*                      |           |                      |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Other Healthcare               |  | 24,315,525                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 14% - 24% |                      | 15% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Other Technology               |  | 126,568,043                |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 14% - 32% |                      | 16% |
|                                |  |                                 |                   | Asset Recovery                           |                              | Probability weighting of alternative outcomes |                                 | 5% - 100%^                  |           |                      |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Security                       |  | 4,650,326                  |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 14% - 99% |                      | 18% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Semiconductors & Equipment |  | 585,915                    |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | *         |                      | 16% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Software                       |  | 42,025,003                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 13% - 26% |                      | 18% |
|                                |  |                                 |                   | Asset Recovery                           |                              | Probability weighting of alternative outcomes |                                 | 5% - 75%^                   |           |                      |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Technology Services            |  | 22,385,643                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 13% - 23% |                      | 17% |
|                                |  |                                 |                   | Asset Recovery                           |                              | Probability weighting of alternative outcomes |                                 | 5% - 100%^                  |           |                      |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Wireless                       |  | 12,671,029                 |                   |                                          | Hypothetical market analysis |                                               | Hypothetical market coupon rate |                                 | 14% - 16% |                      | 14% |
|                                |  |                                 |                   |                                          |                              |                                               |                                 |                                 |           |                      |
| Total Loan Investments         |  | $                               | 310,522,149  |                                          |                              |                                               |                                 |                                 |           |                      |     |     |

----

|                                                             |                 |                 |         |               |         |                   |               |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|-----------------|-----------------|---------|---------------|---------|-------------------|---------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|
| As of December 31, 2021                                     |                 |                 |         |               |         |                   |               |
| ASSETS:                                                 | Level 1         |                 | Level 2 |               | Level 3 |                   | Total         |
| Loans†                                                | $               | —    |         |               | $       | —      |               |  | $ | 484,047,644  |  |  | $ | 484,047,644  |  |
|                                                             |                 |                 |         |               |         |                   |               |
| Derivative assets                                           | —    |                 |         | 962,602  |         |                   | —  |  |   | 962,602      |  |
| Cash equivalents                                            | 6,939,126  |                 |         | —  |         |                   | —  |  |   | 6,939,126    |  |
| Total                                                       | $               | 6,939,126  |         |               | $       | 962,602      |               |  | $ | 484,047,644  |  |  | $ | 491,949,372  |  |
|                                                             |                 |                 |         |               |         |                   |               |
| LIABILITIES:                                            | Level 1         |                 | Level 2 |               | Level 3 |                   | Total         |
| Borrowings under debt facility                              | $               | —    |         |               | $       | 263,000,000  |               |  | $ | —      |  |  | $ | 263,000,000  |  |
| Derivative liability                                        | —    |                 |         | 130,697  |         |                   | —  |  |   | 130,697      |  |
|          Total | $               | —    |         |               | $       | 263,130,697  |               |  | $ | —      |  |  | $ | 263,130,697  |  |

|                                                             |                  |                  |         |                 |         |                   |               |  |   |                   |  |  |   |                   |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|------------------|------------------|---------|-----------------|---------|-------------------|---------------|--|---|-------------------|--|--|---|-------------------|--|--|--|--|--|--|--|--|--|
| As of December 31, 2020                                     |                  |                  |         |                 |         |                   |               |
| ASSETS:                                                 | Level 1          |                  | Level 2 |                 | Level 3 |                   | Total         |
| Loans†                                                | $                | —     |         |                 | $       | —      |               |  | $ | 310,522,149  |  |  | $ | 310,522,149  |  |
|                                                             |                  |                  |         |                 |         |                   |               |
| Cash equivalents                                            | 12,497,243  |                  |         | —    |         |                   | —  |  |   | 12,497,243   |  |
| Total                                                       | $                | 12,497,243  |         |                 | $       | —      |               |  | $ | 310,522,149  |  |  | $ | 323,019,392  |  |
|                                                             |                  |                  |         |                 |         |                   |               |
| LIABILITIES:                                            | Level 1          |                  | Level 2 |                 | Level 3 |                   | Total         |
| Borrowings under debt facility                              | $                | —     |         |                 | $       | 140,000,000  |               |  | $ | —      |  |  | $ | 140,000,000  |  |
| Derivative liabilities                                      | —     |                  |         | 1,254,214  |         |                   | —  |  |   | 1,254,214    |  |
|          Total | $                | —     |         |                 | $       | 141,254,214  |               |  | $ | —      |  |  | $ | 141,254,214  |  |

|                                                                                            |                                      |                   |          |                  |        |               |                 |  |   |               |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--------------------------------------|-------------------|----------|------------------|--------|---------------|-----------------|--|---|---------------|--|--|--|--|--|--|--|--|--|--|
|                                                                                            | For the Year Ended December 31, 2021 |
|                                                                                            | Loans                                |                   | Warrants |                  | Stocks |               |
| Beginning balance                                                                          | $                                    | 310,522,149  |          |                  | $      | —  |                 |  | $ | —  |  |  |
| Acquisitions and originations                                                              | 358,801,269                     |                   |          | 34,182,382  |        |               | 1,846,658  |  |   |
| Principal payments on loans, net of accretion                                              | (179,783,947)                        |                   |          | —     |        |               | —    |  |   |
| Distributions to shareholder                                                               | —                         |                   |          | (34,182,382)     |        |               | (1,846,658)     |  |   |
| Net realized loss from loans                                                               | (119,127)                            |                   |          | —     |        |               | —    |  |   |
| Net change in unrealized loss from loans                                                   | (5,372,700)                          |                   |          | —     |        |               | —    |  |   |
|                                                                                            |                                      |                   |          |                  |        |               |
| Ending balance                                                                             | $                                    | 484,047,644  |          |                  | $      | —  |                 |  | $ | —  |  |  |
| Net change in unrealized loss from loans relating to loans still held at December 31, 2021 | $                                    | (5,620,711)       |          |                  | $      | —  |                 |  | $ | —  |  |  |

|                                                                                            |                                      |                   |          |                  |       |               |                  |  |   |               |  |  |   |               |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------|--------------------------------------|-------------------|----------|------------------|-------|---------------|------------------|--|---|---------------|--|--|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                            | For the Year Ended December 31, 2020 |                   |          |                  |
|                                                                                            | Loans                                |                   | Warrants |                  | Stock |               | Convertible Note |  |   |               |
| Beginning balance                                                                          | $                                    | 203,311,245  |          |                  | $     | —  |                  |  | $ | —  |  |  | $ | —  |  |  |  |  |
| Acquisitions and originations                                                              | 215,650,000                     |                   |          | 14,640,729  |       |               | 750,000     |  |   | 226,094  |  |  |   |               |
| Principal payments on loans, net of accretion                                              | (96,826,332)                         |                   |          | —     |       |               | —     |  |   | —  |  |  |   |               |
| Distributions to shareholder                                                               | —                         |                   |          | (14,640,729)     |       |               | (750,000)        |  |   | (226,094)     |  |  |   |               |
| Net realized loss from loans                                                               | (27,819)                             |                   |          | —     |       |               | —     |  |   | —  |  |  |   |               |
| Net change in unrealized loss from loans                                                   | (11,584,945)                         |                   |          | —     |       |               | —     |  |   | —  |  |  |   |               |
| Ending balance                                                                             | $                                    | 310,522,149  |          |                  | $     | —  |                  |  | $ | —  |  |  | $ | —  |  |  |  |  |
| Net change in unrealized loss from loans relating to loans still held at December 31, 2020 | $                                    | (11,742,270)      |          |                  | $     | —  |                  |  | $ | —  |  |  | $ | —  |  |  |  |  |

----

|                                                          |                    |                   |                    |                  |                    |                  |                  |  |   |                  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------|--------------------|-------------------|--------------------|------------------|--------------------|------------------|------------------|--|---|------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                          | For the Year Ended |                   | For the Year Ended |                  | For the Year Ended |                  |                  |  |   |                  |  |
|                                                     | December 31, 2021  |                   | December 31, 2020  |                  | December 31, 2019  |                  |                  |  |   |                  |  |
| Cash distributions                                       | $                  | 85,800,000   |                    |                  | $                  | 30,800,000  |                  |  | $ | 20,900,000  |  |  |  |  |  |  |  |
| Distributions of equity securities and convertible notes | 36,029,040    |                   |                    | 15,616,824  |                    |                  | 12,631,643  |  |   |                  |  |  |  |  |
| Total distributions to shareholder                       | $                  | 121,829,040  |                    |                  | $                  | 46,416,824  |                  |  | $ | 33,531,643  |  |  |  |  |  |  |  |

----

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

|                              |        |                   |                          |                |                                      |  |  |  |  |  |  |
|------------------------------|--------|-------------------|--------------------------|----------------|--------------------------------------|--|--|--|--|--|--|
|                              | Amount | Maturity Date     | All-In Interest Rate (a) |
|                              |        |                   |                          |
| LIBOR Market Index Rate Loan | $      | 263,000,000  |                          | March 18, 2024 | Variable based on 1-Month LIBOR rate |
| Total Outstanding            | $      | 263,000,000  |                          |                |                                      |

|                              |        |                   |                          |                   |                                      |  |  |  |  |  |  |
|------------------------------|--------|-------------------|--------------------------|-------------------|--------------------------------------|--|--|--|--|--|--|
|                              | Amount | Maturity Date     | All-In Interest Rate (a) |
| LIBOR Market Index Rate Loan | $      | 140,000,000  |                          | December 20, 2021 | Variable based on 1-Month LIBOR rate |
| Total Outstanding            | $      | 140,000,000  |                          |                   |                                      |

----

|        |  |                |  |  |  |  |  |  |  |  |
|--------|--|----------------|--|--|--|--|--|--|--|--|
|        |  | Management Fee |  |  |
| Year 1 |  | 1.575%         |  |  |
| Year 2 |  | 1.600%         |  |  |
| Year 3 |  | 1.575%         |  |  |
| Year 4 |  | 1.500%         |  |  |
| Year 5 |  | 1.250%         |  |  |
| Year 6 |  | 0.900%         |  |  |
| Year 7 |  | 0.600%         |  |  |
| Year 8 |  | 0.350%         |  |  |
| Year 9 |  | 0.150%         |  |  |

----

|                            |                    |                 |                  |       |       |               |                    |                    |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------|--------------------|-----------------|------------------|-------|-------|---------------|--------------------|--------------------|--|--|--|--|--|--|--|--|--|--|--|--|
| Counterparties             | Effective Date     | Notional Amount | Cap              | Floor | Index | Maturity Date |
| MUFG Union Bank N.A        | 06/29/2020 | $               | 20,000,000  |       | 1.15% | 0.17%         | 1-Month LIBOR rate | 06/30/2025 |
| Zions Bancorporation, N.A. | 02/26/2021 | $               | 87,000,000  |       | 1.00% | 0.35%         | 1-Month LIBOR rate | 03/18/2024 |
| Zions Bancorporation, N.A. | 08/31/2021 | $               | 50,000,000  |       | 1.50% | 0.42%         | 1-Month LIBOR rate | 06/30/2025 |
| Zions Bancorporation, N.A. | 12/22/2021 | $               | 90,000,000  |       | 2.25% | 0.53%         | 1-Month LIBOR rate | 03/18/2024 |

|                              |  |                   |               |                        |  |                   |               |                   |  |   |               |  |  |   |                 |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------|--|-------------------|---------------|------------------------|--|-------------------|---------------|-------------------|--|---|---------------|--|--|---|-----------------|--|--|--|--|--|--|--|--|--|--|--|
|                              |  | Derivative Assets |               | Derivative Liabilities |
| Derivative Instruments       |  | December 31, 2021 |               | December 31, 2020      |  | December 31, 2021 |               | December 31, 2020 |
| Interest rate swap and floor |  | $                 | —  |                        |  | $                 | —  |                   |  | $ | —  |  |  | $ | 1,199,471  |  |
| Interest rate collar         |  | $                 | 962,602  |                        |  | $                 | —  |                   |  | $ | 130,697  |  |  | $ | 54,743     |  |

----

|                                               |                                                                  |  |                                |             |                 |      |           |           |   |               |               |  |  |  |  |  |
|-----------------------------------------------|------------------------------------------------------------------|--|--------------------------------|-------------|-----------------|------|-----------|-----------|---|---------------|---------------|--|--|--|--|--|
|                                               |                                                                  |  | For the Year EndedDecember 31, |
| Derivative Instruments                        | Statements of Operations Caption                                 |  |                                | 2021        | 2020            | 2019 |
| Interest rate swap and floor                  | Net change in unrealized gain (loss) from derivative instruments |  |                                | $           | 1,199,471  |      | $         | (373,898) |   | $             | (825,574)     |  |
| Net realized loss from derivative instruments |                                                                  |  | $                              | (1,220,269) |                 | $    | (959,173) |           | $ | (73,774)      |               |
| Interest rate collar                          | Net change in unrealized gain (loss) from derivative instruments |  |                                | $           | 886,648    |      | $         | (54,742)  |   | $             | —  |  |
| Net realized loss from derivative instruments |                                                                  |  | $                              | (128,416)   |                 | $    | (1,574)   |           | $ | —  |               |

|                                                                                                           |                                                          |                                  |                              |                          |                |  |               |               |               |   |               |  |   |               |  |  |  |
|-----------------------------------------------------------------------------------------------------------|----------------------------------------------------------|----------------------------------|------------------------------|--------------------------|----------------|--|---------------|---------------|---------------|---|---------------|--|---|---------------|--|--|--|
|                                                                                                           | As of December 31, 2021                                  |
| Counterparties                                                                                            | Derivative Asset Subject to Master Netting Agreement     | Derivatives Available for Offset | Non-cash collateral received | Cash Collateral Received | Net Amount (1) |
| MUFG Union Bank, N.A.                                                                                     | $                                                        | 255,356                     |                              | $                        | —   |  | $             | —  |               | $ | —  |  | $ | 255,356  |  |
| Zions Bancorporation, N.A.                                                                                | 707,246                                             |                                  | (130,697)                    |                          | —   |  | —  |               | 576,549  |   |
| Total                                                                                                     | $                                                        | 962,602                     |                              | $                        | (130,697)      |  | $             | —  |               | $ | —  |  | $ | 831,905  |  |
|                                                                                                           |                                                          |                                  |                              |                          |                |
|                                                                                                           | As of December 31, 2021                                  |
| Counterparty                                                                                              | Derivative Liability Subject to Master Netting Agreement | Derivatives Available for Offset | Non-cash Collateral Pledged  | Cash Collateral Pledged  | Net Amount (2) |
| Zions Bancorporation, N.A.                                                                                | $                                                        | (130,697)                        |                              | $                        | 130,697   |  | $             | —  |               | $ | —  |  | $ | —  |  |
| Total                                                                                                     | $                                                        | (130,697)                        |                              | $                        | 130,697   |  | $             | —  |               | $ | —  |  | $ | —  |  |
|                                                                                                           |                                                          |                                  |                              |                          |                |
|                                                                                                           | As of December 31, 2020                                  |
| Counterparty                                                                                              | Derivative Asset Subject to Master Netting Agreement     | Derivatives Available for Offset | Non-cash collateral received | Cash Collateral Received | Net Amount (1) |
| MUFG Union Bank, N.A.                                                                                     | $                                                        | —                     |                              | $                        | —   |  | $             | —  |               | $ | —  |  | $ | —  |  |
| Total                                                                                                     | $                                                        | —                     |                              | $                        | —   |  | $             | —  |               | $ | —  |  | $ | —  |  |
|                                                                                                           |                                                          |                                  |                              |                          |                |
|                                                                                                           | As of December 31, 2020                                  |
| Counterparty                                                                                              | Derivative Liability Subject to Master Netting Agreement | Derivatives Available for Offset | Non-cash Collateral Pledged  | Cash Collateral Pledged  | Net Amount (2) |
| MUFG Union Bank, N.A.                                                                                     | $                                                        | (1,254,214)                      |                              | $                        | —   |  | $             | —  |               | $ | —  |  | $ | (1,254,214)   |  |
| Total                                                                                                     | $                                                        | (1,254,214)                      |                              | $                        | —   |  | $             | —  |               | $ | —  |  | $ | (1,254,214)   |  |
|                                                                                                           |                                                          |                                  |                              |                          |                |
| (1) Net amount of derivative assets represents the net amount due from the counterparty to the Fund.      |
| (2) Net amount of derivative liabilities represents the net amount due from the Fund to the counterparty. |

----

|                      |                         |                         |                         |                                 |               |  |               |              |  |   |              |  |  |  |  |
|----------------------|-------------------------|-------------------------|-------------------------|---------------------------------|---------------|--|---------------|--------------|--|---|--------------|--|--|--|--|
|                      | As of December 31, 2021 |                         |
| Asset                | Cost                    | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Loans                | $                       | 501,909,222        |                         | $                               | —  |  | $             | (17,861,578) |  | $ | (17,861,578) |  |  |
| Derivative assets    | —            |                         | 962,602            |                                 | —  |  | 962,602  |              |  |
| Total                | $                       | 501,909,222        |                         | $                               | 962,602  |  | $             | (17,861,578) |  | $ | (16,898,976) |  |  |
|                      |                         |                         |                         |                                 |               |
|                      | As of December 31, 2021 |                         |
| Liability            | Cost                    | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Derivative liability | $                       | —            |                         | $                               | —  |  | $             | (130,697)    |  | $ | (130,697)    |  |  |
| Total                | $                       | —            |                         | $                               | —  |  | $             | (130,697)    |  | $ | (130,697)    |  |  |

|                      |                         |                         |                         |                                 |               |  |   |              |  |   |              |  |  |  |  |
|----------------------|-------------------------|-------------------------|-------------------------|---------------------------------|---------------|--|---|--------------|--|---|--------------|--|--|--|--|
|                      | As of December 31, 2020 |                         |
| Asset                | Cost                    | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Loans                | $                       | 323,011,028        |                         | $                               | —  |  | $ | (12,488,879) |  | $ | (12,488,879) |  |  |
| Total                | $                       | 323,011,028        |                         | $                               | —  |  | $ | (12,488,879) |  | $ | (12,488,879) |  |  |
|                      |                         |                         |                         |                                 |               |
|                      | As of December 31, 2020 |                         |
| Liability            | Cost                    | Unrealized Appreciation | Unrealized Depreciation | Net Appreciation (Depreciation) |               |
| Derivative liability | $                       | —            |                         | $                               | —  |  | $ | (1,254,214)  |  | $ | (1,254,214)  |  |  |
| Total                | $                       | —            |                         | $                               | —  |  | $ | (1,254,214)  |  | $ | (1,254,214)  |  |  |

----

|                                                  |                   |                   |              |   |              |  |  |  |
|--------------------------------------------------|-------------------|-------------------|--------------|---|--------------|--|--|--|
|                                                  | December 31, 2021 | December 31, 2020 |
| Accumulated capital losses                       | $                 | (4,923,311)       |              | $ | (3,455,498)  |  |
| Other temporary differences                      | (1,105,931)       |                   | (1,120,052)  |   |
| Distributions in excess of net investment income | (92,372,533)      |                   | (41,479,523) |   |
| Net unrealized depreciation                      | (17,029,674)      |                   | (13,743,092) |   |
| Components of distributable losses               | $                 | (115,431,449)     |              | $ | (59,798,165) |  |

----

|                                        |                     |                                                       |                  |                    |                    |  |  |  |  |  |  |  |
|----------------------------------------|---------------------|-------------------------------------------------------|------------------|--------------------|--------------------|--|--|--|--|--|--|--|
| Borrower                               | Industry            | Unexpired Unfunded Commitment as of December 31, 2021 | Expiration Date  |                    |
|  10club Pte Ltd.                  | Internet            | $                                                     | 25,000,000  |                    | 09/30/2022 |  |
|  Amino, Inc.                      | Software            | 11,000,000                                       |                  | 12/31/2022 |                    |
|  Bryte, Inc.                      | Other Technology    | 2,500,000                                        |                  | 01/31/2023 |                    |
|  Ceres Imaging, Inc.              | Other Technology    | 1,750,000                                        |                  | 10/31/2022 |                    |
|  Coterie Applications, Inc.       | Other Technology    | 5,000,000                                        |                  | 01/31/2022 |                    |
|  Fakespot, Inc.                   | Other Technology    | 500,000                                          |                  | 01/31/2022 |                    |
|  Genomic Prediction, Inc.         | Biotechnology       | 1,000,000                                        |                  | 03/31/2022 |                    |
|  iLearningEngines Inc.            | Technology Services | 7,500,000                                        |                  | 07/31/2022 |                    |
|  Invert Robotics Group, Ltd.      | Other Technology    | 1,000,000                                        |                  | 01/31/2022 |                    |
|  Kinoo, Inc.                      | Other Technology    | 1,000,000                                        |                  | 04/30/2022 |                    |
|  Lacuna Technologies, Inc.        | Other Technology    | 2,500,000                                        |                  | 07/31/2022 |                    |
|  Lassen Peak, Inc.                | Security            | 375,000                                          |                  | 01/31/2022 |                    |
|  Loansnap Holdings Inc.           | Technology Services | 3,750,000                                        |                  | 04/30/2022 |                    |
|  Luva Inc.                        | Other Technology    | 500,000                                          |                  | 02/28/2022 |                    |
|  MASC Inc.                        | Other Technology    | 1,500,000                                        |                  | 07/31/2022 |                    |
|  Mavenform, Inc.                  | Other Technology    | 2,000,000                                        |                  | 04/30/2022 |                    |
|  Merlin Labs, Inc.                | Other Technology    | 1,000,000                                        |                  | 03/31/2022 |                    |
|  Norbert Health, Inc.             | Medical Devices     | 1,000,000                                        |                  | 01/31/2022 |                    |
|  Phase Four, Inc.                 | Other Technology    | 1,000,000                                        |                  | 04/01/2022 |                    |
|  RenoFi, Inc.                     | Internet            | 6,000,000                                        |                  | 10/31/2022 |                    |
|  Safe Securities Inc.             | Software            | 2,000,000                                        |                  | 04/15/2022 |                    |
|  SF Insuretech, Inc.              | Software            | 5,000,000                                        |                  | 03/31/2022 |                    |
|  StayTuned Digital, Inc.          | Software            | 3,213,732                                        |                  | 12/31/2022 |                    |
|  Taptap Send, Inc.                | Other Technology    | 9,000,000                                        |                  | 12/31/2022 |                    |
|  Therapydia, Inc.                 | Other Healthcare    | 1,000,000                                        |                  | 04/30/2022 |                    |
|  Trucking Jobs Technologies, Inc. | Software            | 610,000                                          |                  | 01/31/2022 |                    |
|  Usual Beverage Co.               | Internet            | 1,000,000                                        |                  | 01/31/2022 |                    |
|  WorkRails, Inc.                  | Software            | 250,000                                          |                  | 05/31/2022 |                    |
| Total                                  |                     | $                                                     | 97,948,732  |                    |                    |  |

----

|                             |                         |                                                       |                  |                    |                    |  |  |  |  |  |  |
|-----------------------------|-------------------------|-------------------------------------------------------|------------------|--------------------|--------------------|--|--|--|--|--|--|
| Borrower                    | Industry                | Unexpired Unfunded Commitment as of December 31, 2020 | Expiration Date  |
| 303 Holdings, Inc.          | Technology Services     | $                                                     | 3,000,000   |                    | 12/31/2021 |
| 8E14 Networks               | Other Technology        | 600,000                                          |                  | 07/31/2021 |
| Aclima, Inc.                | Other Technology        | 2,000,000                                        |                  | 03/31/2021 |
| Afero, Inc.                 | Software                | 1,500,000                                        |                  | 05/31/2021 |
| Antitoxin Technologies Inc. | Other Technology        | 1,000,000                                        |                  | 06/30/2021 |
| BackboneAI Inc.             | Software                | 1,000,000                                        |                  | 04/30/2021 |
| Bizly, Inc.                 | Software                | 1,650,000                                        |                  | 03/31/2021 |
| Canary Connect, Inc.        | Computers & Storage | 2,000,000                                        |                  | 01/31/2021 |
| Content Adjacent, Inc.      | Other Technology        | 500,000                                          |                  | 07/31/2021 |
| Coterie Applications, Inc.  | Other Technology        | 500,000                                          |                  | 03/31/2021 |
| CytoVale, Inc.              | Medical Devices         | 1,000,000                                        |                  | 01/31/2021 |
| Exo Imaging, Inc.           | Medical Devices         | 2,000,000                                        |                  | 09/30/2021 |
| Fetch Robotics, Inc.        | Computers & Storage | 2,500,000                                        |                  | 06/30/2021 |
| GoForward, Inc.             | Other Healthcare        | 3,125,000                                        |                  | 07/31/2021 |
| Hello Heart Inc.            | Other Healthcare        | 2,000,000                                        |                  | 09/30/2021 |
| Honeybee Health, Inc.       | Other Healthcare        | 3,000,000                                        |                  | 07/31/2021 |
| iLearningEngines Inc.       | Technology Services     | 2,000,000                                        |                  | 07/31/2021 |
| Invoice2Go, Inc.            | Software                | 13,000,000                                       |                  | 03/31/2021 |
| Lukla, Inc.                 | Internet                | 500,000                                          |                  | 01/31/2021 |
| Mavenform, Inc.             | Other Technology        | 1,500,000                                        |                  | 04/30/2021 |
| Natomas Labs, Inc.          | Other Technology        | 2,000,000                                        |                  | 04/15/2021 |
| OnepointOne, Inc.           | Other Technology        | 2,000,000                                        |                  | 03/31/2021 |
| Oula Health, Inc.           | Other Healthcare        | 750,000                                          |                  | 11/30/2021 |
| Peerwell, Inc.              | Other Healthcare        | 500,000                                          |                  | 07/30/2021 |
| Pixlee, Inc.                | Software                | 2,500,000                                        |                  | 06/30/2021 |
| Privoro Holdings, Inc.      | Other Technology        | 1,000,000                                        |                  | 01/31/2021 |
| Reciprocity, Inc.           | Software                | 1,950,000                                        |                  | 01/31/2021 |
| Residently USA, LLC         | Internet                | 375,000                                          |                  | 03/31/2021 |
| Riffyn, Inc.                | Technology Services     | 2,000,000                                        |                  | 01/31/2021 |
| Sonatus, Inc.               | Software                | 1,000,000                                        |                  | 03/31/2021 |
| Swiftly Systems, Inc.       | Software                | 5,000,000                                        |                  | 08/30/2021 |
| Tia, Inc.                   | Other Healthcare        | 7,000,000                                        |                  | 10/31/2021 |
| TIER Mobility GmbH          | Other Technology        | 8,000,000                                        |                  | 02/15/2021 |
| Vessel Health, Inc.         | Other Healthcare        | 3,750,000                                        |                  | 03/31/2021 |
| World Wrapps II, Inc.       | Other Technology        | 1,000,000                                        |                  | 12/31/2021 |
| Total                       |                         | $                                                     | 83,200,000  |                    |                    |

----

|                                                                                  |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |  |                |                  |    |       |   |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--------------------|-------------------|----------------------|---------------|----------------------|-------------------|--------------------|---|----------------------|-------------------|---|--|----------------|------------------|----|-------|---|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                             | For the Year Ended |                   | For the Year Ended   |               | For the Year Ended   |                   | For the Year Ended |   | For the Period Ended |                   |   |
|                                                                             | December 31, 2021  |                   | December 31, 2020(a) |               | December 31, 2019(a) |                   | December 31, 2018  |   | December 31, 2017    | *                 |   |
|                                                                             |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Total return                                                                     | 33.72         | %                 |                      | 13.87    | %                    |                   | 9.70          | % |                      | 160.39       | % |  | (1,101.20)     | %                | ** |       |
|                                                                             |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Per share amounts:                                                           |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Net asset value, beginning of year/period                                    | $                  | 1,833.27     |                      |               | $                    | 1,138.32     |                    |   | $                    | 740.89       |   |  | $              | (1.59)           |    |       | $ | —  |  |  |  |
|                                                                                  |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Net investment income (loss)                                                     | 709.5         |                   |                      | 339.13   |                      |                   | 118.72        |   |                      | (9.64)            |   |  | (1.84)         |                  |    |       |
| Net realized and change in unrealized loss from loans and derivative instruments | (47.54)            |                   |                      | (130.01)      |                      |                   | (41.97)            |   |                      | —      |   |  | —   |                  |    |       |
| Net increase (decrease) in net assets resulting from operations                  | 661.96        |                   |                      | 209.12   |                      |                   | 76.75         |   |                      | (9.64)            |   |  | (1.84)         |                  |    |       |
|                                                                                  |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Distributions of income to shareholder                                           | (694.82)           |                   |                      | (329.25)      |                      |                   | (94.05)            |   |                      | (72.88)           |   |  | —   |                  |    |       |
|                                                                                  |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Return of capital to shareholder                                                 | (523.47)           |                   |                      | (134.92)      |                      |                   | (241.27)           |   |                      | —      |   |  | —   |                  |    |       |
| Contributions from shareholder                                                   | 1,025.00      |                   |                      | 950.00   |                      |                   | 656.00        |   |                      | 825.00       |   |  | 0.25      |                  |    |       |
| Net asset value, end of year/period                                          | $                  | 2,301.94     |                      |               | $                    | 1,833.27     |                    |   | $                    | 1,138.32     |   |  | $              | 740.89      |    |       | $ | (1.34)        |  |  |  |
|                                                                             |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Net assets, end of year/period                                               | $                  | 230,193,551  |                      |               | $                    | 183,326,835  |                    |   | $                    | 113,832,373  |   |  | $              | 74,088,727  |    |       | $ | (159,165)     |  |  |  |
|                                                                             |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Ratios to average net assets:                                                |                    |                   |                      |               |                      |                   |                    |   |                      |                   |   |
| Expenses                                                                         | 6.69          | %                 |                      | 8.17     | %                    |                   | 14.78         | % |                      | 16.60        | % |  | 1,057.92  | %                | ** |       |
| Net investment income (loss)                                                     | 31.60         | %                 |                      | 22.50    | %                    |                   | 14.70         | % |                      | (2.96)            | % |  | (1,057.92)     | %                | ** |       |
| Portfolio turn-over rate                                                         | —       | %                 |                      | —  | %                    |                   | 0.54          | % |                      | —      | % |  | —   | %                |    |       |
| Average debt outstanding                                                         | $                  | 206,569,231  |                      |               | $                    | 109,269,231  |                    |   | $                    | 61,169,231   |   |  | $              | 6,000,000   |    | ^ | $ | —  |  |  |  |